Latest / The Steve Harvey Morning Show / Better Health: He discusses $1M AI Health Equity Prize and need to prepare younger generations for healthier futures.
Transcript
- 0:00Speaker 1: Welcome to my show. I'm Rashon McDonald, a host of
- 0:02Speaker 1: Money Making Conversations Masterclass, where we encourage people to stop
- 0:06Speaker 1: reading other people's success stories and start planning your own. Now,
- 0:10Speaker 1: you don't want to miss an episode, so please take
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- 0:14Speaker 1: Making Conversations Masterclass. It's free. You can follow me on iHeartRadio, app, Spotify,
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- 0:23Speaker 1: Money Making Conversations Masterclass episodes drop daily. I want to
- 0:27Speaker 1: keep you on alert because my guests provide tips on
- 0:30Speaker 1: how you can uplift your community, improve your financial planning, motivation,
- 0:34Speaker 1: or advice on how to be a successful entrepreneur. Now,
- 0:38Speaker 1: let's get this podcast started. My guess is the co
- 0:41Speaker 1: founder and CEO a well with All innovative health and
- 0:44Speaker 1: wellness company that pours a significant portion of its profits
- 0:48Speaker 1: into health equity. Well Withal is a black owned, purpose
- 0:52Speaker 1: led wellness brand with product designed to support everyday wellness
- 0:57Speaker 1: while committing twenty percent of their profits the health equity initiatives.
- 1:02Speaker 1: Please welcome to the Money Making Conversations Master Class. It's
- 1:05Speaker 1: been a long time since I've spoken to his brother,
- 1:07Speaker 1: he's doing big things. Damon Martin. How you're doing Damon,
- 1:10Speaker 1: I'm doing great, brother.
- 1:11Speaker 2: How you doing?
- 1:12Speaker 1: First of all, last time I talked to you, it
- 1:14Speaker 1: was no video. Now I get to see your ams.
- 1:19Speaker 2: Keep stepping the game up every day every day.
- 1:21Speaker 1: Now you'll be located in Boston, correct.
- 1:24Speaker 2: Yeah, right here in Cambridge Ouse, oude of Boston.
- 1:26Speaker 1: Why is this important health equity for our community? Just
- 1:30Speaker 1: for you in general? I know you're an African American man.
- 1:32Speaker 1: You successful, and a lot of people sit around and go, Okay,
- 1:35Speaker 1: you can go on vacation and just live your life.
- 1:38Speaker 1: Why is it? Why is it important to you? Demon?
- 1:42Speaker 2: It's important to me for a lot of reasons. I mean,
- 1:44Speaker 2: the life that I'm living right now is not the
- 1:46Speaker 2: life I've always lived. Okay, you know, I grew up,
- 1:51Speaker 2: you know, in the projects. I lived in a trailer
- 1:54Speaker 2: in rural North Carolina. I had a heroin addict as
- 1:56Speaker 2: a stepfather. So I've seen things, you know, throughout my
- 1:59Speaker 2: life that have given me perspective on the needs of
- 2:04Speaker 2: our community. And you know, after having a successful career
- 2:08Speaker 2: in finance and going to Harvard Business School and all
- 2:10Speaker 2: those things that we've talked about you know before you know,
- 2:15Speaker 2: five years ago, I was in the middle of an
- 2:16Speaker 2: emergency room with somebody I love dealing with depression anxiety
- 2:21Speaker 2: and was suicidal, and I had this clarifying moment that
- 2:28Speaker 2: you know, if this was met at fourteen, you know,
- 2:32Speaker 2: when I was living in a trailer in rural North Carolina,
- 2:35Speaker 2: I'd be deader in jail. And there's so many people
- 2:38Speaker 2: that are in that position right now who need help
- 2:41Speaker 2: navigating these systems of health and wellness that you know,
- 2:47Speaker 2: we're doing our party well with all to give twenty
- 2:49Speaker 2: percent of our profits to impact that.
- 2:52Speaker 1: Before we get to the twenty percent that you're giving
- 2:54Speaker 1: for your profits, tell us about what exactly is well withal.
- 2:59Speaker 2: Well with those health and wanness consumer product company, and
- 3:02Speaker 2: we create great product like you know this, you know,
- 3:07Speaker 2: incredible energy drink that's only eighty milligrams of caffeine and
- 3:10Speaker 2: taste fantastic. But there's a substitute for the things that
- 3:14Speaker 2: are in your daily life that you might be consuming
- 3:16Speaker 2: and not realizing the impact they have on it, like
- 3:19Speaker 2: a sugary soda and so forth. And so we're building
- 3:23Speaker 2: those products to make those incremental things for you to
- 3:27Speaker 2: live a longer, healthier life. We've got a line of
- 3:30Speaker 2: supplements that are fantastic, but you'll continue to see more
- 3:35Speaker 2: and more products, you know, from well Withal that make
- 3:39Speaker 2: those everyday moments in your life just a little bit better.
- 3:41Speaker 1: Now I've seen some of your supplements like for high
- 3:43Speaker 1: blood pressure, also for your diet digestive system. Let's talk
- 3:48Speaker 1: about the need for that and how important those supplements
- 3:51Speaker 1: are in the black community. Are in the community of color,
- 3:54Speaker 1: are people who need those supplements?
- 3:56Speaker 2: Yeah, I think very few people you know in this
- 4:01Speaker 2: country taken all of the nutrients that they need to
- 4:05Speaker 2: live a long, healthy life. And so that that's that's
- 4:07Speaker 2: the idea of a supplement, right, It's like to supplement
- 4:11Speaker 2: those things that you're not taking in You might not
- 4:13Speaker 2: be eaten your full amount of vegetables every day that
- 4:17Speaker 2: you need, so a great multi vitamin you know, can
- 4:20Speaker 2: supplement for that. Or you may have difficulty getting the
- 4:23Speaker 2: sleep that you need, and so you know, our time
- 4:25Speaker 2: release melatonin with ashwaganda and LT nine you know, can
- 4:29Speaker 2: help you, you know, on on those nights. Or you
- 4:32Speaker 2: may be in the middle of this flue season and
- 4:35Speaker 2: need some immunity, you know protection, So our D three
- 4:37Speaker 2: K two. You know, product can be a great you
- 4:40Speaker 2: know supplement you know, for for that or like you know,
- 4:43Speaker 2: I said with if you're drinking a sugary soda to
- 4:45Speaker 2: get your energy, you know, having something to supplement for
- 4:49Speaker 2: that to where you have a great tasting beverage and
- 4:52Speaker 2: still get the energy that you need. You know, we've
- 4:54Speaker 2: got a product for that.
- 4:55Speaker 1: You know, we got when I enterged you probably about
- 4:58Speaker 1: a year and a half ago, maybe even two years ago,
- 5:00Speaker 1: when you were at the early stage. You just come
- 5:02Speaker 1: back from essence, yes, exposing your product to the New
- 5:07Speaker 1: Orleans community. It is like about half a million people
- 5:10Speaker 1: attend that festival on an annual basis. Why was it
- 5:14Speaker 1: important to show your brand as an activation and what
- 5:18Speaker 1: did you get out of that?
- 5:20Speaker 2: I mean, you know, our community doesn't lie, right, And
- 5:24Speaker 2: so I wanted to have the product in the hands
- 5:29Speaker 2: of a ton of folks and get real feedback before
- 5:32Speaker 2: we put it on the market. Like we wanted to
- 5:34Speaker 2: taste tests you know throughout and and and the folks
- 5:36Speaker 2: that were there showed so much love you know to
- 5:40Speaker 2: well with AWE and the brand, and we were you know,
- 5:43Speaker 2: uh literally putting in the hands of folks in masks
- 5:46Speaker 2: for the first time, and all I heard was like,
- 5:49Speaker 2: what can I buy this?
- 5:50Speaker 1: Oh?
- 5:50Speaker 2: This is good?
- 5:51Speaker 1: Oh?
- 5:51Speaker 2: And then then you know, I also got baby. I'm
- 5:54Speaker 2: so proud of you. So like just to be in community,
- 5:58Speaker 2: you know, with the product, and that being the first
- 6:00Speaker 2: place that it was truly brought to the market was
- 6:03Speaker 2: a real honor.
- 6:05Speaker 1: Right. I'm talking to the co founder and CEO of
- 6:07Speaker 1: Wealth Withal. He's based out of the Boston Well with All,
- 6:10Speaker 1: the innovative health and wellness company that pours a significant
- 6:13Speaker 1: portion of its profits into health equity. We talk about
- 6:19Speaker 1: ideas them on you know, you made your money out
- 6:22Speaker 1: there in Wall Street. Now y'all here pedling bills. You
- 6:27Speaker 1: know what I'm saying, How does the brother make that lead?
- 6:30Speaker 1: And how do we trust you know what you're doing.
- 6:33Speaker 2: You know, I didn't start giving back today. You know,
- 6:36Speaker 2: I've lived a life, you know, of giving back because
- 6:41Speaker 2: my parents and my grandparents instilled in me that that
- 6:44Speaker 2: is what we do. And so you know, if you
- 6:47Speaker 2: look at the last twenty five years of my life,
- 6:50Speaker 2: from my church to Embrace Boston, which is my wife
- 6:55Speaker 2: and I co founded, which is the memorial to Martin
- 6:58Speaker 2: Luther King and Creditscott King that sits on the Boston
- 7:01Speaker 2: Common to the scholarships that we've got, Like, We've lived
- 7:04Speaker 2: this life of doing what God has called us to do,
- 7:09Speaker 2: and you know this is just a different manifestation of that.
- 7:15Speaker 2: And so you know, I'm working to earn that trust
- 7:18Speaker 2: every day. But what I can tell you is that
- 7:20Speaker 2: the experts that are on our team that build and
- 7:24Speaker 2: formulate each one of our products with care are extraordinary
- 7:27Speaker 2: humans and where we're doing our best to deliver exactly
- 7:32Speaker 2: what folks deserve.
- 7:33Speaker 1: Well, the number one thing that's always is about living
- 7:36Speaker 1: a better life. And you when you look at as
- 7:39Speaker 1: you gets older, you know, when I was in my twenties,
- 7:42Speaker 1: I didn't even think about forty or fifty. When I'm
- 7:44Speaker 1: forty fifty and I go to the bathroom with a
- 7:46Speaker 1: different objective. You know what I'm saying, there's a goal
- 7:54Speaker 1: that's and that's what you're trying to get us to
- 7:58Speaker 1: the point of understanding our sin else at a younger age.
- 8:01Speaker 1: When we get there, we're better prepared. That's what supplements do,
- 8:05Speaker 1: That's what energy drinks do. If you drink the right
- 8:07Speaker 1: things now when you here for it. In fifty sixty,
- 8:10Speaker 1: you might not break down as fast.
- 8:12Speaker 2: Correct. No, that's exactly right. And you know, we just
- 8:16Speaker 2: did a film that was just nominated gragulation by the
- 8:20Speaker 2: NAACP for an Image Award called Black Longevity, and it
- 8:25Speaker 2: follows the life of seven incredible people ranging in age
- 8:28Speaker 2: from eighty five to one hundred and six. And you know,
- 8:31Speaker 2: in many cases, you know, black health has been synonymous,
- 8:35Speaker 2: synonymous with death right and because all you hear about
- 8:39Speaker 2: is the despair, the diabetes, the hypertension, and the reality
- 8:43Speaker 2: is is like, the oldest person in the country is
- 8:46Speaker 2: a black woman, and before that, the oldest person in
- 8:49Speaker 2: the country was a Black woman. And we do live long,
- 8:53Speaker 2: healthy lives. And there are ways for us to do that,
- 8:56Speaker 2: and that needs to be the narrative that that that's
- 8:59Speaker 2: told and we're working at well withal to do that
- 9:03Speaker 2: and equip people to do that.
- 9:05Speaker 1: Yeah, before I am getting into detail, because sometimes when
- 9:09Speaker 1: useally the interviews, you know a person, but then their
- 9:12Speaker 1: story needs to be exposed a little bit more always told.
- 9:15Speaker 1: I always tell people on the storyteller. Now you talked
- 9:18Speaker 1: about you know, your life either way you were born.
- 9:21Speaker 1: Let's talk about the hedge foreign journey the education variety,
- 9:26Speaker 1: you know, because because I come from an inner city environment,
- 9:29Speaker 1: demand six sisters, two brothers, and limited academic opportunities. But
- 9:34Speaker 1: you know, graduate of math degree and honest graduating lifetime
- 9:39Speaker 1: you know, in the top vice president's student body by
- 9:42Speaker 1: the time I left my campus life. But how were
- 9:46Speaker 1: you able to turn your life around? Or who helped
- 9:48Speaker 1: you turn your life around? Demand and point you from
- 9:52Speaker 1: North Carolina right to where you're at now?
- 9:56Speaker 2: Yeah, I mean, and I write about this in my
- 9:58Speaker 2: book Friends of the Good that's coming out March thirty first.
- 10:02Speaker 2: At each point in my life, there have been these
- 10:04Speaker 2: extraordinary people that have that have impacted me and pushed
- 10:08Speaker 2: me and and and given me love in a way
- 10:10Speaker 2: that made me take that next step. But my life
- 10:13Speaker 2: really changed when I went to UNC Charlotte. You know,
- 10:17Speaker 2: I really found my people there and and you know,
- 10:21Speaker 2: became a leader on campus, was elected student body president
- 10:24Speaker 2: as a sophomore, and and really got great mentorship from
- 10:28Speaker 2: a lot of extraordinary people there, and and that led
- 10:32Speaker 2: to some great opportunities. My my first job out of
- 10:35Speaker 2: college was assistant to the White House Chief of Staff
- 10:38Speaker 2: and the Clinton administration and the White House Chief of
- 10:40Speaker 2: staff Erskine Bowles really became like my second father, and
- 10:45Speaker 2: he mentored me. And then you know, I got into
- 10:49Speaker 2: Harvard Business School after after leaving the White House, and
- 10:53Speaker 2: that led to the job, you know, in the investment business,
- 10:56Speaker 2: where I met this extraordinary human, phil grow who taught
- 11:02Speaker 2: me how to be an investor and he poured into me.
- 11:04Speaker 2: And then after a couple of years you know, working
- 11:07Speaker 2: under him, you know, I learned how to to take
- 11:11Speaker 2: the methodologies and skills that he taught me and then
- 11:15Speaker 2: apply you know, the skill sets that I had on
- 11:17Speaker 2: top of that, and that led to a twenty one
- 11:19Speaker 2: year career. I was the only black partner at a
- 11:22Speaker 2: major hedge fund in the country for two decades. We
- 11:24Speaker 2: can talk about the sadness of that as well, But
- 11:27Speaker 2: those steps and those people, you know, me working my
- 11:31Speaker 2: butt off at every one of those junctions, but having
- 11:34Speaker 2: folks really giving me an opportunity and then taking advantage
- 11:38Speaker 2: of it, you know, was was the key.
- 11:40Speaker 1: What exactly, DeMont is a hedge fund? What is that?
- 11:44Speaker 2: So it's a type of investment company that reduces its
- 11:50Speaker 2: risky by pairing you know, lungs and shorts or underweights
- 11:56Speaker 2: and so you're you're not at risk if just the
- 11:59Speaker 2: whole industry you know, goes down by twenty percent because
- 12:03Speaker 2: you've hedged. You know that that risk.
- 12:07Speaker 1: You still that Toba dudd. Sorry, if it's some secret
- 12:13Speaker 1: out there at DeMont, I can deal to the German Man.
- 12:16Speaker 1: Because what you just said was really cool. I'm still dumb. Okay,
- 12:21Speaker 1: can you help a brother out with some more information.
- 12:24Speaker 2: It's a kind of investment firm that reduces your your
- 12:28Speaker 2: risk of losing money and increases the probability if you're
- 12:32Speaker 2: doing it right, of making money.
- 12:33Speaker 1: So so as a hedge fund, you select a particular
- 12:39Speaker 1: or series of stocks, or you move a certain level
- 12:43Speaker 1: of stocks or how does that work? Because you know,
- 12:45Speaker 1: I'm trying to figure out can I create a hedge fund?
- 12:49Speaker 1: Or it's a what you know? Let me just say
- 12:51Speaker 1: if I say I want to like focus on Apple,
- 12:54Speaker 1: I want to focus on the home depot, I want
- 12:57Speaker 1: to focus on Apple? Could that be my hdge fund?
- 13:00Speaker 1: Is that?
- 13:01Speaker 3: So?
- 13:02Speaker 2: First off, I would this is game on game. If
- 13:07Speaker 2: this is not what you do every day, I would
- 13:11Speaker 2: highly recommend that you put your money in an index
- 13:13Speaker 2: fund and not you know, so like that's that's I
- 13:18Speaker 2: think that a lot of people try to, you know,
- 13:21Speaker 2: try to treat investing like gambling in a casino. But
- 13:24Speaker 2: you can actually protect your assets and you can invest
- 13:27Speaker 2: over the long term the easiest way to do that
- 13:30Speaker 2: because the data shows that, you know, an individual, even
- 13:34Speaker 2: somebody that does it, you know, on a daily basis,
- 13:37Speaker 2: is unlikely to beat those indexes. So like, go to
- 13:40Speaker 2: Vanguard or you know, Fidelity, get the S and P
- 13:43Speaker 2: five hundred, invest in that.
- 13:45Speaker 1: So everything you do is education and patience.
- 13:48Speaker 2: Thousand percent and expertise Like I invested only in consumer
- 13:52Speaker 2: companies for twenty one years. Like that's all I did,
- 13:55Speaker 2: and that was my expertise. Every day I woke up
- 13:59Speaker 2: and thought about that. So the competitive advantage of somebody
- 14:02Speaker 2: doing that versus somebody just kind of reading the paper
- 14:04Speaker 2: and looking at you know, the TV shows and so forth.
- 14:08Speaker 2: Like your way out of your lead.
- 14:10Speaker 1: Please don't go anywhere. We'll be right back with more
- 14:12Speaker 1: Money Making Conversations master class.
- 14:14Speaker 3: No, I need for you to do me a favor
- 14:17Speaker 3: right now to follow or subscribe to Money Making Conversation.
- 14:21Speaker 3: It's free and you can find it on the iHeartRadio app, Spotify,
- 14:25Speaker 3: Apple Podcasts, or wherever you get your podcasts, please do
- 14:29Speaker 3: me that favor, follow or subscribe Money Making Conversations. Welcome
- 14:37Speaker 3: back to Money Making Conversations Master class with me Rashaun McDonald.
- 14:41Speaker 1: Right, So the upcoming book. You know that you have
- 14:44Speaker 1: friends of the good. Why dis direct the book? Why
- 14:46Speaker 1: did you even want to tell us your story?
- 14:50Speaker 2: You know, I lived this very private life, and as
- 14:55Speaker 2: I began to talk to young people going to colleges
- 15:01Speaker 2: and universities, you know, for over twenty one years, every
- 15:05Speaker 2: week I would have at least one young person in
- 15:09Speaker 2: my office talking about the investment business, talking about any
- 15:13Speaker 2: way that I could be helpful. And over that period
- 15:16Speaker 2: of time, what I found is that I wanted to
- 15:19Speaker 2: multiply the amount of impact you know, that I had.
- 15:23Speaker 2: And you know, I've had an incredible set of experiences
- 15:27Speaker 2: and I wanted to share, you know, those experiences. And
- 15:31Speaker 2: in this time of loneliness and despair, I think that
- 15:35Speaker 2: there's an under estimate of how impactful friendships can actually
- 15:42Speaker 2: be on your life. And what I've found is that
- 15:47Speaker 2: community and friendship are one of the most important things,
- 15:52Speaker 2: one of the most essential elements of joy that you
- 15:55Speaker 2: could possibly engage in. And I know I've noticed that
- 15:59Speaker 2: a lot of young people don't have that understanding how
- 16:03Speaker 2: to assess who should be in your inner circle. I
- 16:07Speaker 2: have a saying like, show show me your friends, I'll
- 16:10Speaker 2: show you your future. And and I just think that
- 16:14Speaker 2: there's an opportunity to engage in this conversation in a
- 16:17Speaker 2: way that that many of us haven't. And I'm really
- 16:20Speaker 2: proud of the of the work that that me and
- 16:22Speaker 2: and Corey Hagam, who collaborated with me on this book,
- 16:28Speaker 2: have have accomplished.
- 16:29Speaker 1: You know, I've been fortunate in my life to work
- 16:31Speaker 1: on two New York Times bestseller The first I did
- 16:34Speaker 1: two of with Steve Harvey, Yes, did one recently with
- 16:37Speaker 1: steven A Spient. The key with that point of view.
- 16:40Speaker 1: Point of view of course on there was by women
- 16:43Speaker 1: and relationships, and steven A was overcoming the odds because
- 16:48Speaker 1: you know he was just you know, got fired form
- 16:52Speaker 1: ESPN was the more recent thing. They came back to
- 16:54Speaker 1: be the number one talent, the ESPN. But along the
- 16:56Speaker 1: way a lot of journeys coming up HBCU grab shattered
- 17:01Speaker 1: his knee. That point of view is about overcoming the
- 17:04Speaker 1: odds and do it through hard work and relationships. Yeah,
- 17:09Speaker 1: what's your point of view for your book Friends of
- 17:11Speaker 1: the Good?
- 17:13Speaker 2: So you know, the framing is aristotle lesser known viewpoint.
- 17:20Speaker 2: He viewed friendship as one of the most essential elements
- 17:23Speaker 2: of joy, and he framed friendship in the three categories
- 17:27Speaker 2: transactional scratch my back, I scratch yours. Friends of pleasure.
- 17:31Speaker 2: We go out and party and hang together. Maybe we
- 17:33Speaker 2: want a basketball team together. But both of those are
- 17:36Speaker 2: fleeting in nature, because when the transactions of the fund
- 17:39Speaker 2: goes away, so does the friendship. And the third category
- 17:43Speaker 2: is friends of the good, and those are are friends
- 17:46Speaker 2: of valor, like people that have a commonality just like you.
- 17:50Speaker 2: Like we ain't spend a lot of time together, but
- 17:52Speaker 2: I know that there's a commonality in our experience and
- 17:56Speaker 2: our growing up and how we want to impact the world.
- 17:58Speaker 2: And when you meet people like that, those are friendships
- 18:01Speaker 2: for a lifetime. So I'm telling my story through the
- 18:06Speaker 2: lens of several of my friends of the good. And
- 18:09Speaker 2: starting with my grandmother. You know, you know, she used
- 18:13Speaker 2: to quilt and she would weave like these old pieces
- 18:17Speaker 2: of fabric together and then it would turn into this
- 18:20Speaker 2: beautiful tapestry. And that's really you know, that's what friends
- 18:24Speaker 2: do like they take it. They take the broken pieces
- 18:27Speaker 2: that we have and put it together and make it
- 18:29Speaker 2: something special. And that's the story that I'm telling.
- 18:32Speaker 1: Well, you know, it's really interesting just talking to you
- 18:36Speaker 1: because of the fact that I would tell people when
- 18:38Speaker 1: I as much success as I was having in my life, Demon,
- 18:42Speaker 1: it wasn't in too my forties early forties when I
- 18:45Speaker 1: accepted that this what you do. You know, that's just
- 18:48Speaker 1: a luck. This is a skill set that you possess. Yes,
- 18:53Speaker 1: a lot of people out there, you know, a lot
- 18:54Speaker 1: of people put a lot of this success into faith,
- 18:56Speaker 1: which I respect, but still it comes out in the
- 18:59Speaker 1: hard work relationships and also the acceptance that you have
- 19:02Speaker 1: the skill set to do this. I asked this question you, Demon,
- 19:05Speaker 1: when did you realize you were smart? When you realize
- 19:07Speaker 1: this is what you could do? What age?
- 19:10Speaker 2: Well, when you say this right like that, this is
- 19:13Speaker 2: turned into different things over time.
- 19:14Speaker 1: No, No, listen to you say one years. Let's go
- 19:16Speaker 1: to that Twitter one year run.
- 19:18Speaker 2: You're talking about the investment business.
- 19:19Speaker 1: Right, Because you know, you have a gift, You're a
- 19:22Speaker 1: great communicator to have a great smile. So you walk
- 19:24Speaker 1: in the room, I know automatically you can decemine sending
- 19:28Speaker 1: figure out, Okay, what's going on in the room. That's
- 19:30Speaker 1: the skill set you have. I have got to be
- 19:31Speaker 1: around you. I know that in fact, and so, but
- 19:35Speaker 1: that's just that one talent. I have that same skill set.
- 19:37Speaker 1: I know exactly. I'm not saying I could read people's mind,
- 19:40Speaker 1: but I know exactly who I'm talking to in the
- 19:43Speaker 1: sharp conversation. But when you start having success, and I
- 19:46Speaker 1: was having success in the entertainment business from writing sitcoms,
- 19:51Speaker 1: managing talent like Steve Harvey, I was having success. But
- 19:55Speaker 1: sometimes when they're making money, and so in that process,
- 19:59Speaker 1: you can get a kind of get on that wheel
- 20:01Speaker 1: and the right wheel, and you don't be afraid to
- 20:03Speaker 1: get off that wheel because sometimes you don't know why
- 20:06Speaker 1: you're being successful. And I said, you work, you wake up, go,
- 20:09Speaker 1: stop you nervous, just what you do?
- 20:12Speaker 2: Right, So I got you. So, you know, Malcolm Gladwell
- 20:17Speaker 2: frames this really well where he talks about it takes
- 20:19Speaker 2: ten thousand hours in order to become an expert in anything,
- 20:22Speaker 2: and it was that ten thousand hours tends to take
- 20:25Speaker 2: about five years, and so about five years into my
- 20:28Speaker 2: career of being an investor, I knew that I knew
- 20:33Speaker 2: what the hell I was doing. I knew that I
- 20:34Speaker 2: was an expert in that field. I knew that that
- 20:38Speaker 2: I had worked harder than anyone else. I had the
- 20:40Speaker 2: right framing, and I was also and the results were
- 20:43Speaker 2: showing that I was an expert. And so when you
- 20:46Speaker 2: have that, nobody can ever take that away from you.
- 20:48Speaker 2: And so when you just and then every year, as
- 20:51Speaker 2: long as you continue to put the diligence and work
- 20:54Speaker 2: in that, that expertise just compounds. And that's what it did,
- 20:58Speaker 2: you know, for the next fifteen years beyond that.
- 21:01Speaker 1: Now, let's talk about going back to when to introduce you,
- 21:04Speaker 1: because I want to stay focused on there, because health
- 21:07Speaker 1: equity and twenty percent of your profits. Yeah, a lot
- 21:10Speaker 1: of people, you know, if they push back, go really
- 21:13Speaker 1: what does he do with that? Okay, so define exactly
- 21:17Speaker 1: when you say the word twenty percent and then use
- 21:19Speaker 1: worth health equity, how does it? How does they have
- 21:22Speaker 1: the community? And also it make me feel good as
- 21:24Speaker 1: a consumer that I'm buying a product that gives back.
- 21:27Speaker 2: Yeah, I mean, so when when I think about health equity,
- 21:32Speaker 2: I think about you know, health being a human right right,
- 21:35Speaker 2: and that that everyone deserves to have nutritious food to eat.
- 21:39Speaker 2: Everyone deserves to you know, be able to see a
- 21:42Speaker 2: doctor when they have a mental health concern, or or
- 21:45Speaker 2: just to be able to deliver your baby, you know,
- 21:48Speaker 2: safely with a routine you know delivery. You know, to me, like,
- 21:53Speaker 2: that's conceptually health equity. How are we addressing that? One clear,
- 21:58Speaker 2: very clear manifestation and of that is what we just
- 22:01Speaker 2: announced at the Consumer Electronics Show last week. We're launching
- 22:05Speaker 2: the million dollar Well with All Prize, which is scaling
- 22:09Speaker 2: AI driven solutions to close health equity gaps. Right, So, like,
- 22:15Speaker 2: how how do you use the power of this incredible technology?
- 22:19Speaker 2: And yes, there's you know, there's there's issues that that
- 22:22Speaker 2: folks have pointed out about AI, but there's some powerful
- 22:25Speaker 2: things that they can do to help and particularly help
- 22:28Speaker 2: the communities that are that are underserved, and we are
- 22:32Speaker 2: sourcing those best ideas and will award a million dollars
- 22:36Speaker 2: of prize money to scale and mentor and drive not ideas,
- 22:41Speaker 2: but drive impact you know, on the society in a
- 22:45Speaker 2: way that you know very few others are And so
- 22:48Speaker 2: we're not just a Well with All is not just
- 22:50Speaker 2: a brand, I mean, it's a movement, and we started,
- 22:53Speaker 2: you know, with that from the.
- 22:54Speaker 1: From the very beginning. I love talking to demand. First
- 22:57Speaker 1: of all, energy drink, I knew nothing about, nothing about
- 23:02Speaker 1: it's right here. It's no video, it's no video. And
- 23:07Speaker 1: then he talks about the book, which I knew nothing about.
- 23:10Speaker 1: By the friend, Now, this million dollar AI prize, I'm
- 23:15Speaker 1: trying to I'm just trying to keep up with your demand. Okay,
- 23:18Speaker 1: this interview is just trying to like tell the facts
- 23:20Speaker 1: because you're one of these one of these individuals who
- 23:23Speaker 1: you know, just sit around with all these brilliant ideas. Now,
- 23:27Speaker 1: so we're gonna go and steps here. Let's talk about
- 23:30Speaker 1: We talked about the overall concept, well with all your background,
- 23:35Speaker 1: you're in Boston, what inspired you the twenty percent equity?
- 23:40Speaker 1: Let's talk about this energy drink? Well, with all energy,
- 23:45Speaker 1: how many flavors you got?
- 23:47Speaker 2: We got four. So we got fruit punch, which was
- 23:50Speaker 2: the very first, and it has a taste of true nostalgia,
- 23:55Speaker 2: like when you sip that, you're gonna taste it and
- 23:57Speaker 2: be like, oh.
- 23:58Speaker 1: Now you know fruit front, strawberry strawberry.
- 24:03Speaker 4: We got strawberry lemonade, right, and then okay, we got
- 24:12Speaker 4: you fruit, punch, lemonade, what's the next one?
- 24:17Speaker 2: Tropical mango, okay, and peach and so like it's a
- 24:21Speaker 2: variety of flavors. So we got a variety pack. You
- 24:24Speaker 2: can go on well withthall dot com. You can go
- 24:26Speaker 2: on Amazon, Walmart, Target, like we we can we can
- 24:30Speaker 2: get it to you, you know, so you can taste
- 24:32Speaker 2: it and try it. But it's just a great If
- 24:35Speaker 2: you look at the one of the highest caloric impacts
- 24:39Speaker 2: to the American diet, it's sugary sodas and drinks, right,
- 24:43Speaker 2: and so it's like having a substitute for that, like
- 24:45Speaker 2: just swapping out that sugary soda or drink that that
- 24:49Speaker 2: you're drinking just like one a day, Like that one
- 24:52Speaker 2: swap over a year is like forty five thousand calories, right.
- 24:56Speaker 2: That that that you can you know, not put on
- 24:58Speaker 2: your body, so diabetes, that all the things that are
- 25:01Speaker 2: impacting you know, underserved communities. You know, having these small
- 25:06Speaker 2: choices that you make on a daily basis can add
- 25:09Speaker 2: to the longevity of your life.
- 25:10Speaker 1: Now it's interesting. I'll just tell you I I don't
- 25:14Speaker 1: drink coffee or tea, so caffeine never enters my body
- 25:18Speaker 1: and that yeah, okay, yeah, and so I've always been
- 25:21Speaker 1: nervous about even consuming an energy drink. So now your
- 25:26Speaker 1: pictures to me, Rashean McGown, Rashana, you should try our
- 25:29Speaker 1: energy drink because put your nerves aside. This is why
- 25:34Speaker 1: the inergury drink will work for you. Talk to me. Yeah, yeah, all.
- 25:39Speaker 2: Things in a category are not created equal, and so
- 25:41Speaker 2: like if you look at well with all energy, it's
- 25:44Speaker 2: only eighty milligrams of caffeine, the same caffeine as a
- 25:47Speaker 2: small cup of coffee. The energy source is black and
- 25:51Speaker 2: green tea. It's plant based everything on the label. You
- 25:54Speaker 2: read it and you go, oh, I know what that means, right,
- 25:57Speaker 2: And so it's a great substance. Like I know, for me,
- 26:01Speaker 2: I need a little kick of energy in the morning.
- 26:03Speaker 2: I also don't drink coffee, but I don't drink the
- 26:05Speaker 2: other stuff that's out there. There's two hundred milligrams of
- 26:08Speaker 2: caffeine and beyond, I'm drinking something that that gives me
- 26:11Speaker 2: just a boost I need before my workout in the
- 26:14Speaker 2: morning around one o'clock, I have another one to get
- 26:17Speaker 2: the rest of that, you know, low right, you know,
- 26:20Speaker 2: for the day. So it's a very great alternative to
- 26:24Speaker 2: the things that that people are putting in their body.
- 26:27Speaker 1: Right, okay, great, So now we got the energy drink
- 26:30Speaker 1: out the way. Now that's on the market. You can
- 26:31Speaker 1: go to well withal and Person.
- 26:33Speaker 2: Yeah, yeah, absolutely, well with all Walmart, Amazon, It's it's
- 26:38Speaker 2: all there.
- 26:38Speaker 1: Okay, cool, that's good. Now let me ask you this down.
- 26:43Speaker 1: You have an idea, how do you believe? And it's
- 26:47Speaker 1: so much you say, you know something, people are gonna
- 26:49Speaker 1: buy this. I know they're gonna buy this. How do
- 26:52Speaker 1: you go from that belief to them actually buying it?
- 26:57Speaker 1: Demon Because that's a that's very competitive world. You in
- 27:01Speaker 1: energy drinks, it is.
- 27:03Speaker 2: It has to be an unwavering belief combined with expertise,
- 27:09Speaker 2: right right, Like all I did for twenty one years
- 27:12Speaker 2: is investing consumer companies. So it was very like the
- 27:16Speaker 2: idea of how to use capitalism to impact these societal
- 27:21Speaker 2: needs was the first, you know, piece of the idea.
- 27:25Speaker 2: But then using the expertise that I had in combination
- 27:30Speaker 2: you know, with with with my my co founder and
- 27:32Speaker 2: my business partners and what their expertise was, that's how
- 27:35Speaker 2: we manifested exactly what it is that we wanted to
- 27:38Speaker 2: produce but it was in the realm of our expertise.
- 27:41Speaker 2: So it wasn't just an idea. It was an idea
- 27:43Speaker 2: based on what we knew how to actually do, the
- 27:47Speaker 2: relationships that we had, the years of experience of driving
- 27:51Speaker 2: these businesses, what led us to exactly what we're doing
- 27:55Speaker 2: and partnering with the right folks, like, all of this
- 27:57Speaker 2: is about the people. I mean, I can have the vision,
- 28:01Speaker 2: but I have to convince the right people who have
- 28:05Speaker 2: all of the expertise in order to drive the actuality
- 28:09Speaker 2: of what we're doing.
- 28:10Speaker 1: Absolutely, and then the book Friends of the Good comes
- 28:12Speaker 1: out of when and your point of view I was
- 28:16Speaker 1: going to impact the reader.
- 28:18Speaker 2: Yeah, March thirty first is when it comes out. You
- 28:22Speaker 2: can you can pre order it right now, so you know,
- 28:26Speaker 2: you can hit that on Amazon and marketing head out there.
- 28:29Speaker 1: Yeah, come on now, I'm in. I'm in.
- 28:32Speaker 2: Yeah, you can pre order, please do by two. But
- 28:36Speaker 2: you know, the point of view, I think that again,
- 28:40Speaker 2: during this time of loneliness and despair, having an openness,
- 28:44Speaker 2: like particularly for men, you know, there is this idea
- 28:48Speaker 2: that we can you know, take this journey alone. We can't.
- 28:54Speaker 2: You can't have success without a crew, you know. Again,
- 28:57Speaker 2: you know, show me your friends, I'll show your future,
- 28:59Speaker 2: like the people around you, you know, are essential to
- 29:03Speaker 2: your joy and your success in life. And so I
- 29:07Speaker 2: think that there there's something for every reader to take
- 29:10Speaker 2: away from from how relationships can can make your life,
- 29:13Speaker 2: you know, fuller and more joyful.
- 29:15Speaker 1: And the million dollar campaign using AI. What are the
- 29:19Speaker 1: parameters of participation and when could one can one submit
- 29:24Speaker 1: applications now? Or how does that work? Yeah?
- 29:28Speaker 2: Go to the Well with All foundation dot org and
- 29:32Speaker 2: you can sign up.
- 29:33Speaker 1: For Okay, so yeah, wellwith all doctor, Well with All
- 29:37Speaker 1: that's where you get your products, right, yes, yes, indeed
- 29:39Speaker 1: Protest is a Well with All foundation, that's correct, okay, yeah, yeah.
- 29:44Speaker 2: And and so you can sign up for for the
- 29:47Speaker 2: email activation as soon as applications are are open. But
- 29:52Speaker 2: I just want to be clear, like we're not we're
- 29:55Speaker 2: not rewarding ideas here, rewarding impact. So there's there's some
- 30:00Speaker 2: simple parameters around what what folks have to have. It
- 30:04Speaker 2: has to be used on technology that's readily accessible. You
- 30:07Speaker 2: already have to be positively impacting a cohort of a
- 30:12Speaker 2: thousand folks with the ability to scale to at least
- 30:15Speaker 2: one hundred thousand so we're going to invest in you know,
- 30:20Speaker 2: actual impacts as opposed to ideas.
- 30:23Speaker 1: When you say okay, slow me down, we say invest
- 30:27Speaker 1: in actual impact impacting health.
- 30:29Speaker 2: Related Yeah, closing these health equity gaps. So, I mean
- 30:33Speaker 2: there are ideas out there, you know, using AI that
- 30:37Speaker 2: for instance, you know, help people navigate, you know, the
- 30:41Speaker 2: healthcare system, help people stay in adherence to what their
- 30:48Speaker 2: doctors are asked them to do in terms of taking
- 30:50Speaker 2: their medication. Imagine like walking out of a long doctor's
- 30:55Speaker 2: visit and and you've gotten all these instructions and you
- 31:00Speaker 2: walk out, and you get a text message that tells
- 31:02Speaker 2: you here's actually what the doctor told you to do
- 31:04Speaker 2: in plain English, and then gave you reminders each day
- 31:09Speaker 2: on how you stayed in adherence with that so that
- 31:12Speaker 2: you can be you know, well on your recovery. There
- 31:15Speaker 2: are there's the power within this technology to get people
- 31:19Speaker 2: access to information and context to again allow them to
- 31:23Speaker 2: live longer, healthier lives. And that's what Well with All
- 31:26Speaker 2: is working to support.
- 31:28Speaker 1: Well my brother. You know, I'm so happy to be
- 31:31Speaker 1: back and reconnected, first of all, and when you reconnect,
- 31:34Speaker 1: there's an advancement, there's an investment in my life. There's
- 31:37Speaker 1: an advancement in your life, you know right now, look
- 31:39Speaker 1: forward to the book coming out, look forward to the
- 31:42Speaker 1: AI campaign that's going to close help equity, And you're
- 31:46Speaker 1: going to convince me to try one of your energy drinks.
- 31:49Speaker 1: And I tell everybody right now, I've never in my
- 31:52Speaker 1: life drunk an energy drink. And I'm gonna tell you
- 31:54Speaker 1: so when I consume it, when you send it to me,
- 31:57Speaker 1: I'm gonna put it on my social media. I'm you
- 32:00Speaker 1: drink in my life and lemonade. Brother me, we got
- 32:06Speaker 1: my knees close together and that fruit. But brother, yeah,
- 32:13Speaker 1: I love you man, I love your love. Tomorrow you
- 32:15Speaker 1: can bringing smile man. And I look forward to uh,
- 32:18Speaker 1: you know, just meeting you in Los Angeles. Yeah days,
- 32:21Speaker 1: but again, good luck on everything. I'll be bringing you
- 32:25Speaker 1: back to talk about your book closer to that date.
- 32:28Speaker 1: Right now, it's just pre orders. You can pre order,
- 32:30Speaker 1: pre order pre order, but again, is it wrewithal dot
- 32:34Speaker 1: com for the supplements and energy drinks. Werewith Allfinancial dot
- 32:39Speaker 1: org for the AI one million dollar contest and what's
- 32:42Speaker 1: right to go to pre order the books?
- 32:45Speaker 2: Uh, you can go to Amazon, Barnes and Nobles. Friends,
- 32:49Speaker 2: of the good by demand Martin. Uh yeah, we're excited
- 32:53Speaker 2: for that as well.
- 32:54Speaker 1: I appreciate you, brother, thank you for coming on Conversation
- 32:56Speaker 1: master Class.
- 32:57Speaker 2: Thank you, man, I appreciate you, Thank you.
- 33:00Speaker 1: Thank you for listening to this episode.
- 33:02Speaker 3: No, I need for you to do me a favor
- 33:04Speaker 3: right now to follow or subscribe to Money Making Conversations.
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