Latest / The Steve Harvey Morning Show / Financial Motivator: Dr. George C. Fraser educates the African American community on building generational wealth.

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Financial Motivator: Dr. George C. Fraser educates the African American community on building generational wealth. · The Steve Harvey Morning Show

• 0:00
  Speaker 1: If you're about to make a change in your life
• 0:03
  Speaker 1: and you feel uncomfortable, that's the best feeling you can
• 0:06
  Speaker 1: have because for the first time in your life, you'll
• 0:10
  Speaker 1: make a new decision that's going to be best for
• 0:12
  Speaker 1: you and not what somebody told you to do. And
• 0:16
  Speaker 1: that's when all bets are off. Welcome to Money Making
• 0:18
  Speaker 1: Conversation Masterclass. I'm your host, Rashaan MacDonald. Our theme is
• 0:22
  Speaker 1: there's no perfect time to start following your dreams. I
• 0:25
  Speaker 1: recognize that we all have different definitions of success. For
• 0:28
  Speaker 1: you and maybe the side of your h it's time
• 0:31
  Speaker 1: to stop reading other people's success stories to start living
• 0:34
  Speaker 1: your own keep winning. My next guess is truly an
• 0:42
  Speaker 1: industry decision maker. He's doctor George C. Fraser. He's the
• 0:46
  Speaker 1: chairman and CEO of Fraser Net, a company he founded
• 0:49
  Speaker 1: over thirty years ago. Doctor George C. Fraser is a
• 0:52
  Speaker 1: renowned networking guru, business leader, author and entrepreneur who's regardless
• 0:57
  Speaker 1: one of the whoemost respected authority on entrepreneurship and building
• 1:02
  Speaker 1: generational wealth, a key generational wealth and economic empowerment for
• 1:06
  Speaker 1: the Black community. Frash of that vision is to lead
• 1:09
  Speaker 1: a global networking movement that brings together diverse human resources
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  Speaker 1: to increase opportunities for people of African descent. Please welcome
• 1:18
  Speaker 1: again one of my great friends, I look one of
• 1:21
  Speaker 1: my mentors. Please welcome to the Money Making Conversation, Doctor
• 1:24
  Speaker 1: George Fraser.
• 1:25
  Speaker 2: How you join Richon? Good to hear your voice. Good
• 1:27
  Speaker 2: to be back with you.
• 1:28
  Speaker 1: Well, you know, whenever I bring you all, I kind
• 1:30
  Speaker 1: of like bring my pencil because I learned when I
• 1:32
  Speaker 1: get doctor George Fraser on the show.
• 1:35
  Speaker 2: Amen, Well I learned when I listen to you too.
• 1:37
  Speaker 2: You know you learn, you learn when you listen as well.
• 1:40
  Speaker 1: Well, you know that the beauty of it. I know
• 1:41
  Speaker 1: your conference zone was leave last month. And but we
• 1:45
  Speaker 1: always talked about generational wealth. We always talked about black
• 1:48
  Speaker 1: people always getting secondhand information. Black people are minorities and period,
• 1:54
  Speaker 1: especially people of African descent, not understanding the pathway to success.
• 1:59
  Speaker 1: And there are a lot of pathways. And I brought you
• 2:01
  Speaker 1: on the show. It's a live show I now do
• 2:03
  Speaker 1: on WCLK every Tuesday. I wanted to reach more people,
• 2:07
  Speaker 1: especially people in the Latin market, and that's one of
• 2:09
  Speaker 1: the reasons I wanted to bring you own the show
• 2:11
  Speaker 1: to discuss some of your views and also if we
• 2:14
  Speaker 1: have time, take some questions and some phone calls. Our
• 2:16
  Speaker 1: phone number is four zero four eight eight zero nine
• 2:20
  Speaker 1: two five five. That's four zero four eight eight zero
• 2:23
  Speaker 1: ninety two five five, Doctor George C. Fraser talk about
• 2:26
  Speaker 1: the importance of building a solid foundation and financial legacy,
• 2:31
  Speaker 1: and that's your that is your legacy.
• 2:33
  Speaker 2: Oh yeah, man, that's one of my favorite subjects. And
• 2:36
  Speaker 2: I love you for covering it, and I love being
• 2:39
  Speaker 2: on your show because you're you're an expert, and you
• 2:43
  Speaker 2: reach so many people, and you're so knowledgeable about a
• 2:46
  Speaker 2: lot of things, and you have a tremendous amount of
• 2:49
  Speaker 2: energy and passion. So let me just say it as
• 2:52
  Speaker 2: I said it to you once before and to your audience.
• 2:55
  Speaker 2: To be black and beautiful in this world means nothing
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  Speaker 2: unless you're black and powerful, whiteful, planning for three generations.
• 3:01
  Speaker 2: And we're planning for Saturday night. So the goal is
• 3:04
  Speaker 2: to win, not to look like we're winning.
• 3:06
  Speaker 3: Right.
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  Speaker 2: I would rather carry a plastic bag with five thousand
• 3:10
  Speaker 2: dollars in it than to carry a five thousand dollars
• 3:12
  Speaker 2: Louis Vton' bag with one hundred dollars in it. It's
• 3:15
  Speaker 2: interesting to Meaver sean the rich day rich by pretending
• 3:18
  Speaker 2: to be poor, and the poor stay poor by pretending
• 3:21
  Speaker 2: to be rich. And if we do not change our activities,
• 3:26
  Speaker 2: if we do not change our understanding of capitalism and
• 3:29
  Speaker 2: investment in the twenty first century, we are headed into
• 3:33
  Speaker 2: a second slavery right, and we have to fix this.
• 3:37
  Speaker 2: It was the great doctor Amos Wilson, you can see
• 3:41
  Speaker 2: his videos on YouTube, who said, our refusal as black
• 3:45
  Speaker 2: people to confront the issue of money and wealth is
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  Speaker 2: going to end up with our very lives being threatened
• 3:51
  Speaker 2: as people on this earth. So we have to get
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  Speaker 2: our act together, and we have to become financially educated.
• 4:00
  Speaker 1: When you say financial educated, what do.
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  Speaker 2: You mean When I say financial education, I mean learning
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  Speaker 2: the rules and the game of capitalism. It is educating
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  Speaker 2: ourselves around all of the elements that drive capitalism and
• 4:21
  Speaker 2: how we can leverage those opportunities and build assets beyond
• 4:28
  Speaker 2: the very conservative ways that we have built assets over
• 4:32
  Speaker 2: the last two generations. And what I'm suggesting is that
• 4:38
  Speaker 2: we really need to look in the latest opportunity of cryptocurrency.
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  Speaker 1: Because cryptocurrency is something that I hear a lot. I'm
• 4:49
  Speaker 1: going to I know nothing about from a standpoint of
• 4:51
  Speaker 1: how I can participate because it feels very foreign to me,
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  Speaker 1: and it feels like it's not a valid currency because
• 4:59
  Speaker 1: I'm so used to putting my money in the bank,
• 5:01
  Speaker 1: I'm so used to sing to the stock market. I'm
• 5:03
  Speaker 1: so basically buying a home or buying a car. When
• 5:06
  Speaker 1: I hear word cryptocurrency, what what is blocking me? What
• 5:10
  Speaker 1: information am I missing that I'm not participating in? Doctor Fraser?
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  Speaker 2: Well, I think the first question that we have to
• 5:16
  Speaker 2: ask ourselves so that we will we will be motivated
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  Speaker 2: to take an interest in to take a deep dive
• 5:22
  Speaker 2: into study what this whole cryptocurrency movement is about. Is
• 5:26
  Speaker 2: we've got to ask why crypto? Right? Why crypto and
• 5:30
  Speaker 2: not you know, savings accounts, five us CDs, mutual funds
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  Speaker 2: for one case, and stock market as the s and
• 5:37
  Speaker 2: P five hundred market, real estate and goal Right, those
• 5:41
  Speaker 2: are the things that we understand. Those are the things
• 5:44
  Speaker 2: are hard and paper assets, and those are the things
• 5:48
  Speaker 2: that we're comfortable with. But they're not going to allow
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  Speaker 2: us to get economic equity. And what I mean by
• 5:54
  Speaker 2: economic equity, uh, the rates in which those assets pay
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  Speaker 2: us are not allow us to close the income and
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  Speaker 2: wealth gap between black folk and white folk. Right, white
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  Speaker 2: folk have ten times the household median wealth as black people.
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  Speaker 2: So we've got to do some things that will help
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  Speaker 2: us close this gap, and we've got to think outside
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  Speaker 2: of the box. Yes, we're going to have to take
• 6:20
  Speaker 2: some risks, there's no question about that. But no risk,
• 6:24
  Speaker 2: no reward. We have got to find ways, Rashaan to
• 6:30
  Speaker 2: leverage and compound the stacked and assets that we have.
• 6:34
  Speaker 2: These assets are stagnant. There the small percentage of interest
• 6:39
  Speaker 2: that we're making on Let's say, let's look at some
• 6:41
  Speaker 2: interest rates on some of the traditional investments that black
• 6:44
  Speaker 2: folks have made historically, including myself savings accounts. All right,
• 6:49
  Speaker 2: they're very, very safe, but the annual interest rate on
• 6:53
  Speaker 2: a savings account is a half a percent. That's not
• 6:56
  Speaker 2: even keeping up with inflation. So a half a percent
• 7:00
  Speaker 2: annually on your money. I just got a document from
• 7:03
  Speaker 2: a good friend who had eighty nine thousand dollars in
• 7:06
  Speaker 2: Wells Fargo in his savings account, and he wanted me
• 7:09
  Speaker 2: to see it because I was talking about it, and
• 7:12
  Speaker 2: he showed me his December to twenty twenty statement of
• 7:17
  Speaker 2: this interest he ranked he earned on eighty nine thousand dollars.
• 7:21
  Speaker 2: I'm looking at him. He earned seventy six cents on
• 7:25
  Speaker 2: eighty nine thousand dollars in a year from Wells Fargo.
• 7:30
  Speaker 2: You know how much Wells Fargo made on his eighty
• 7:33
  Speaker 2: nine thousand dollars, and he only made seventy six cents. Now,
• 7:38
  Speaker 2: it's safe, there's no question about that. The FDIC protects
• 7:43
  Speaker 2: you in case the bank goes down, but it's going
• 7:46
  Speaker 2: to take you thirty years to get your money back.
• 7:48
  Speaker 2: That's on average, what it takes if if a bank
• 7:51
  Speaker 2: fails you and you're protected by FDIIC. But most importantly,
• 7:55
  Speaker 2: you're only you're only earning less than a half a
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  Speaker 2: percent a year on your heart money. The principle is
• 8:01
  Speaker 2: to put your money to work harder for you than
• 8:03
  Speaker 2: you did for it. Take a five year CD. A
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  Speaker 2: five year CD certificate of depositive only pays one third
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  Speaker 2: of a penny, right, one third zero point three one
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  Speaker 2: percent annually. Right, that's less than a savings account. A
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  Speaker 2: mutual fund pays you about ten to fourteen percent annually
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  Speaker 2: on average, four one K about ten to eleven percent annually.
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  Speaker 2: The stock market about nine point two percent annually. The
• 8:39
  Speaker 2: s and P five hundred market if you're if you're
• 8:42
  Speaker 2: investing in the best stocks, is about thirteen point six
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  Speaker 2: percent annually. Real estate pays ten to eleven percent annually,
• 8:51
  Speaker 2: and goals, if you invest in goal, is about ten
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  Speaker 2: point six percent annually. So let me tell you what
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  Speaker 2: I've done with crypto and just nine months. I started
• 9:01
  Speaker 2: in the crypto space after studying it for a year,
• 9:04
  Speaker 2: and I started by entering one opportunity, one platform after
• 9:10
  Speaker 2: studying that platform. All right, so I started my crypto
• 9:15
  Speaker 2: journey nine months ago. This is the truth. I could
• 9:18
  Speaker 2: show it to you, I could verify. I started with
• 9:21
  Speaker 2: about ten thousand dollars in cash. Where did I take it?
• 9:25
  Speaker 2: I took it from my savings account, which was paying
• 9:28
  Speaker 2: me a little or nothing. Yeah, yeah, absolutely, not less
• 9:35
  Speaker 2: than five percent, less than a half a percent.
• 9:38
  Speaker 1: Apologize, I'm giving it too much.
• 9:39
  Speaker 2: Credit, less than a half of this tent right. So
• 9:44
  Speaker 2: I started with ten thousand dollars cash, which I took
• 9:47
  Speaker 2: for my savings account, which would pay me less than
• 9:49
  Speaker 2: a half a percent, of which I had sixty thousand
• 9:52
  Speaker 2: dollars in because we were always taught to say for
• 9:54
  Speaker 2: a rainy day, right, So that was my rainy day money.
• 9:58
  Speaker 2: I took ten thousand dollars cash out of that. In
• 10:01
  Speaker 2: January of this year, I invested in a crypto platform
• 10:08
  Speaker 2: called for Sage, which was really an ethereum.
• 10:12
  Speaker 3: Uh.
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  Speaker 2: You know, there's ethereum, there's bitcoin. Bitcoin is the is
• 10:17
  Speaker 2: the number one cryptocurrency, and Ethereum is the number two cryptocurrency.
• 10:23
  Speaker 2: Bitcoin is at about forty six thousand dollars a coin,
• 10:26
  Speaker 2: and Ethereum today is about thirty four thousand dollars a coin.
• 10:31
  Speaker 2: But when I invested in it, let's see nine months ago. No,
• 10:38
  Speaker 2: it's actually a little bit more than that, is about
• 10:40
  Speaker 2: twelve months ago. But a year ago, Ethereum was one
• 10:43
  Speaker 2: hundred and ninety seven dollars a coin.
• 10:46
  Speaker 1: Today, okay, okay, okay, got doctor, you're about to get
• 10:50
  Speaker 1: me mad now now you just say it. It's thirty
• 10:53
  Speaker 1: four thousand dollars a coin, and you invested when it
• 10:56
  Speaker 1: was one hundred dollars a coin, right, that's what you
• 10:58
  Speaker 1: just said.
• 11:00
  Speaker 2: On ethereum. Ethereum is thirty four hundred dollars a coin.
• 11:05
  Speaker 2: I invested in it about a year ago when it
• 11:07
  Speaker 2: was one hundred and ninety seven dollars a coin, and
• 11:10
  Speaker 2: My investment today is worth eighty seven thousand dollars cash money.
• 11:17
  Speaker 2: Then I invested in my second platform, this is no
• 11:20
  Speaker 2: PS for Sean and it was called cash. It was
• 11:24
  Speaker 2: called CFX All Cash FX. That was an investment in
• 11:28
  Speaker 2: the foreign exchange market. You get in with bitcoin and
• 11:31
  Speaker 2: you get paid in bitcoin. I invested seven thousand dollars
• 11:36
  Speaker 2: in CFX. Today, my seven thousand dollars is worth ninety
• 11:41
  Speaker 2: six thousand dollars. My third investment was in hyperfund, which
• 11:48
  Speaker 2: is investment in the crypto ecosystem, and that investment I
• 11:53
  Speaker 2: invested about five thousand dollars. That investment is worth fifty
• 11:59
  Speaker 2: thousand dollars. Right. So when you look at the money
• 12:03
  Speaker 2: that I invested about ten thousand dollars right right, I
• 12:08
  Speaker 2: have earned two hundred and thirty six thousand dollars or
• 12:12
  Speaker 2: a twenty four hundred percent return on my investment in
• 12:17
  Speaker 2: less than a year.
• 12:19
  Speaker 1: And that's on the market that I said earlier that
• 12:22
  Speaker 1: I have refused to sit down to learn about. And
• 12:25
  Speaker 1: that's what so many African Americans are, people of color
• 12:27
  Speaker 1: or minoritists are refusing to educate themselves. And that's why
• 12:30
  Speaker 1: I really started this show because I wanted to start.
• 12:32
  Speaker 1: I want to engage more people, doctor Fraser, because my
• 12:35
  Speaker 1: fear shouldn't be your fear. If you want to call
• 12:37
  Speaker 1: and make a comment, please do. I'm presently talking to
• 12:39
  Speaker 1: doctor Georgey Fraser. He is a chairman and CEO of
• 12:42
  Speaker 1: Fraser Net Inc. The company founded over thirty years ago.
• 12:46
  Speaker 1: The person I met twenty years ago when I was
• 12:48
  Speaker 1: with Steve Harvey. That's how long I've known this brother,
• 12:51
  Speaker 1: and he's a great brother. He's providing information on because
• 12:53
  Speaker 1: we want to hear you on the phone, or we
• 12:55
  Speaker 1: want to hear some more from doctor Georgey Fraser.
• 12:59
  Speaker 4: Please tell me anywhere. We'll be right back with more
• 13:02
  Speaker 4: money Making Conversations Masterclass. Welcome back to the money Making
• 13:09
  Speaker 4: Conversations Masterclass hosted by Rashan McDonald. Money Making Conversations Masterclass
• 13:15
  Speaker 4: continues online at Moneymakingconversations dot com and follow money Making
• 13:20
  Speaker 4: Conversations Masterclass on Facebook, Twitter and Instagram.
• 13:24
  Speaker 1: Welcome back to money Making Conversation. I am your host,
• 13:26
  Speaker 1: Rashan McDonald. Money Making Conversations a platform are created to
• 13:30
  Speaker 1: supply everybody with information, not just a few people. The
• 13:33
  Speaker 1: problem with this world, especially in the minority community, is
• 13:36
  Speaker 1: that information is kind of like precious. You know, a
• 13:39
  Speaker 1: few people get in and don't want to share. And
• 13:41
  Speaker 1: what I've been doing for the longest, since i started
• 13:44
  Speaker 1: money making conversation at twenty seventeen, is to bring individuals on.
• 13:48
  Speaker 1: I have ash cash he's own. After this break, he's
• 13:50
  Speaker 1: going to be on the show in studio talking about
• 13:52
  Speaker 1: motivating people to success. But I felt there was no
• 13:55
  Speaker 1: one that could do it better. That started today with
• 13:57
  Speaker 1: doctor GEORGEI. Fraser, because that's a certain honest about him. Plus,
• 14:01
  Speaker 1: you know, he's been through decades. You know, you want
• 14:04
  Speaker 1: somebody to have been through a lot of decades. He's
• 14:06
  Speaker 1: been through the Civil Rights decade. He had been through
• 14:08
  Speaker 1: the big Afro decades.
• 14:10
  Speaker 2: He hadn't been through you know, seventy seven, absolutely decades.
• 14:15
  Speaker 2: Something made a lot of mistakes. I failed my way
• 14:19
  Speaker 2: to success. But I was curious, right I was, And
• 14:22
  Speaker 2: that's the key. And you've got to be intellectually curious.
• 14:25
  Speaker 2: You got to do their study, take the deep dive
• 14:27
  Speaker 2: so that you could do some critical thinking and then,
• 14:29
  Speaker 2: as Bernie Mac would say, bust the damn move, do
• 14:32
  Speaker 2: something different. You know, an.
• 14:34
  Speaker 1: Interesting thing about that doctor Georgey Fraser, is that we
• 14:37
  Speaker 1: know what I listened listen to you. First of all,
• 14:39
  Speaker 1: people are always worried about their age, and I always
• 14:41
  Speaker 1: say that at the top of my show because I
• 14:43
  Speaker 1: really didn't find out who I was until I was
• 14:45
  Speaker 1: in my forties. Accept the responsibility of what I could accomplish,
• 14:49
  Speaker 1: you know, because a lot of people waiting for this
• 14:51
  Speaker 1: magic or they hit fifty to just stop, and they
• 14:54
  Speaker 1: hit sixty and they think the government is going to
• 14:56
  Speaker 1: take care of them with something in retirement. And we
• 14:59
  Speaker 1: all know that's a lot that's worse than they. And
• 15:03
  Speaker 1: so the reason I've always looked at you because you
• 15:06
  Speaker 1: remain topical and it's not like you're trying to be young,
• 15:09
  Speaker 1: just like I'm not trying to be young. But the
• 15:11
  Speaker 1: information you always gave my audience and me was so relevant.
• 15:15
  Speaker 1: What what guides you down that line of being saying
• 15:18
  Speaker 1: you know some I'm just I'm just a sponge, but
• 15:21
  Speaker 1: I'm not going to act like I know more, but
• 15:23
  Speaker 1: I want to share more, talk about you for a
• 15:25
  Speaker 1: little bit true.
• 15:26
  Speaker 2: Yeah, you know. My goal is to give back the
• 15:32
  Speaker 2: knowledge that the Creator has allowed me to learn, that
• 15:37
  Speaker 2: he has poured into me, that I have learned, and
• 15:41
  Speaker 2: my moral responsibility and spiritual responsibility is to give it
• 15:46
  Speaker 2: back because that is the purpose of life. Rashon the
• 15:50
  Speaker 2: purpose of life is very simple. God doesn't make anything complicated.
• 15:53
  Speaker 2: We make things complicated. We make things complicated so we
• 15:56
  Speaker 2: don't have to do it. The more complicated we make it,
• 15:58
  Speaker 2: the more reasons we have doing it. And we make
• 16:01
  Speaker 2: things complicated to control power. If I am the only
• 16:04
  Speaker 2: one that knows a certain thing, and I have power
• 16:08
  Speaker 2: over you. So my job is to keep it simple
• 16:11
  Speaker 2: and to share it. That is the reason God has
• 16:14
  Speaker 2: given me more and more and information, because the more
• 16:18
  Speaker 2: He gives me, the more I share, and that is
• 16:20
  Speaker 2: congruent with the purpose of life. The purpose of life
• 16:22
  Speaker 2: is very simple. It is to love, to give, to serve,
• 16:26
  Speaker 2: and to add the highest value to somebody or something
• 16:30
  Speaker 2: every single minute of every single day. That is why
• 16:33
  Speaker 2: we are living. There is no other reason for you
• 16:35
  Speaker 2: to be sucking up this good air. It's loving, serving
• 16:38
  Speaker 2: and adding value. So I want to add value. I
• 16:41
  Speaker 2: want to get to heaven right, and I'm going to
• 16:43
  Speaker 2: get to heaven by giving away. When I say this,
• 16:46
  Speaker 2: metaphorically giving away that which I have been giving, so
• 16:50
  Speaker 2: that it can be leveraged, right, and more of our
• 16:53
  Speaker 2: people can benefit from the assets and the knowledge and
• 16:58
  Speaker 2: the successes that I have achieved. That's really what it's
• 17:01
  Speaker 2: all about. That's really Let me give you a metaphor.
• 17:06
  Speaker 2: It's called teamwork. Okay, let me give you a metaphor.
• 17:09
  Speaker 2: This is and it's a true story. I'm gonna ask
• 17:12
  Speaker 2: you a question, simple question. Who holds the world record
• 17:17
  Speaker 2: for one hundred meters? Who holds the world record for
• 17:22
  Speaker 2: one hundred meters? The answer to that is Usain Bolt
• 17:27
  Speaker 2: from Jamaica, right right. He did it at nine point
• 17:32
  Speaker 2: five eight seconds. He holds the world record four hundred
• 17:37
  Speaker 2: meters at nine point five eight seconds. Now, the next
• 17:40
  Speaker 2: question is who owns the four by one hundred relay
• 17:45
  Speaker 2: world record? Who holds that? It is the Jamaican track team,
• 17:49
  Speaker 2: the men's Jamaican track team, of which usein Bolt runs on.
• 17:56
  Speaker 2: They finished the four by one hundred in thirty six
• 18:00
  Speaker 2: point eight four seconds. Now, if you do your math,
• 18:07
  Speaker 2: that's nine point two one seconds or thirty one seconds
• 18:13
  Speaker 2: faster than the world record. And Hussein Boat was on
• 18:17
  Speaker 2: that relay team and they ran four one hundred meters
• 18:21
  Speaker 2: faster than he ran a single one hundred meters. So
• 18:24
  Speaker 2: what does that mean? That means when we work together,
• 18:27
  Speaker 2: when we collaborate, when we share, when we run share,
• 18:30
  Speaker 2: when we run together, none of us is as good
• 18:33
  Speaker 2: as all of us put together. So we've got to
• 18:36
  Speaker 2: run together. We've got to run as one. That means
• 18:38
  Speaker 2: we have to share. If I have good knowledge and
• 18:41
  Speaker 2: good information, right, I will share it with you. If
• 18:45
  Speaker 2: you want to do something I'm doing, I make it
• 18:47
  Speaker 2: easy for you to do that.
• 18:49
  Speaker 1: Cool.
• 18:49
  Speaker 2: That's the phrasier.
• 18:51
  Speaker 1: We have a call here, or like I said, Warren
• 18:53
  Speaker 1: from Atlanta, he has he called and answer a question
• 18:56
  Speaker 1: on money made conversation. Warren, how are you doing that?
• 18:58
  Speaker 2: I'm good?
• 18:59
  Speaker 1: How are you, doctor George? See Fraser on the call here?
• 19:02
  Speaker 1: What was your question? My friend? Thank you for calling
• 19:04
  Speaker 1: in on money making Conversation on WCLK.
• 19:07
  Speaker 3: Sure, doctor Fraser, how are you deceivening?
• 19:10
  Speaker 2: I'm doing wonderful.
• 19:10
  Speaker 3: Thank you good. With thirty years of experience with entrepreneurship
• 19:18
  Speaker 3: among the black community, how would you prioritize the cryptocurrency
• 19:23
  Speaker 3: you mentioned among the other opportunities that exist for entrepreneurs
• 19:28
  Speaker 3: to do well in the community. We have an absence
• 19:31
  Speaker 3: of media, We have food, deserts and the like. How
• 19:36
  Speaker 3: would you rank cryptocurrency.
• 19:40
  Speaker 2: Well, I think the number one thing that Black folks
• 19:45
  Speaker 2: have to focus on in the twenty first century is
• 19:47
  Speaker 2: building wealth that will come through financial literacy and financial education.
• 19:52
  Speaker 2: What's the first thing slaves did when they became free.
• 19:54
  Speaker 2: They start building small schools or classrooms in small schools,
• 19:58
  Speaker 2: the largest schools and the more than one hundred years, we
• 20:00
  Speaker 2: had an entire system of historically black colleges and university.
• 20:04
  Speaker 2: So education, education, that's the number one priority. Is financial
• 20:10
  Speaker 2: education that will lead to building wealth and closing the
• 20:14
  Speaker 2: income and wealth gap and then ultimately creating working jobs
• 20:18
  Speaker 2: for our people, as hopefully we will become the number
• 20:21
  Speaker 2: one employer of our own people by the end of
• 20:24
  Speaker 2: the twenty first century, which means that we end also
• 20:26
  Speaker 2: have to engage in business building. So if I was
• 20:31
  Speaker 2: to categorize under the headline of financial education and economic development,
• 20:41
  Speaker 2: under the headline which is number one, that's the number
• 20:45
  Speaker 2: one thing under that headline would be business building, business building,
• 20:55
  Speaker 2: and then number two would be taking advantage of the
• 21:02
  Speaker 2: newest economic opportunity for closing the income and wealth gap,
• 21:08
  Speaker 2: and that is cryptocurrency. That's the number one of the
• 21:14
  Speaker 2: area of interest that we need to be fold if
• 21:18
  Speaker 2: we really really want to close this gap cryptocurrency.
• 21:24
  Speaker 1: When you say that, doctor Fraser, that also means you
• 21:26
  Speaker 1: have to lend yourself to education. And uh that's and
• 21:29
  Speaker 1: also and walk into the valley of the unknown, because,
• 21:33
  Speaker 1: like you said earlier, my whole thing about the show,
• 21:35
  Speaker 1: and I'm glad people are calling in. If we've got
• 21:37
  Speaker 1: enough number of calls, we want to talk to you
• 21:38
  Speaker 1: today on the show. And thank you for calling again
• 21:41
  Speaker 1: coming in on my show today to discuss this, Doctor
• 21:43
  Speaker 1: Georgeie Frasier.
• 21:44
  Speaker 2: Is that all right?
• 21:45
  Speaker 1: Thank you, Thank you my friend, Thank you Warren for
• 21:47
  Speaker 1: calling in, and call back next week. We have more
• 21:49
  Speaker 1: important people on the show that's going to lead you
• 21:51
  Speaker 1: to areas that are going to give you information to
• 21:53
  Speaker 1: win with. It's by money making conversations. But what I
• 21:56
  Speaker 1: want to say about cryptocurrency, what I like to always
• 21:58
  Speaker 1: tell people about I have flaws and what I won't
• 22:01
  Speaker 1: do no matter what house you see I live in,
• 22:03
  Speaker 1: or what you see me post on social media, what
• 22:06
  Speaker 1: car you see me drive. That doesn't just mean a
• 22:08
  Speaker 1: perfect person that's driving that vehicle. It's a person who
• 22:10
  Speaker 1: has fear as a person who has doubts about himself,
• 22:14
  Speaker 1: but he overcome that because of the fact I have
• 22:16
  Speaker 1: relationship and mentors and people who are conturned to for advice.
• 22:20
  Speaker 1: This show is like your advice show. You call in,
• 22:22
  Speaker 1: we give you advice. You go do your research. Please
• 22:25
  Speaker 1: do not hold us accountable if you don't do your research.
• 22:28
  Speaker 1: And even if you do your research, don't hold us
• 22:29
  Speaker 1: accountable because you have them. In other words, could be
• 22:33
  Speaker 1: a lady or man. Listen to me, Man up. I'm
• 22:35
  Speaker 1: just using a general statement about your life. If you
• 22:38
  Speaker 1: want to stay play it safe and keep your money
• 22:40
  Speaker 1: in saving, keep it there, keep it there. But don't
• 22:44
  Speaker 1: be mad if your friend does not play it safe
• 22:49
  Speaker 1: and they invest a little bit of money like he is,
• 22:51
  Speaker 1: say one hundred thousand dollars. He didn say a million dollars.
• 22:54
  Speaker 3: He said.
• 22:54
  Speaker 1: He broke it up ten thousand dollars in three different ways,
• 22:57
  Speaker 1: and he came back a happy man. Now I'm mad
• 22:59
  Speaker 1: at him because he didn't tail me. That's all I
• 23:03
  Speaker 1: say about the job. He didn't tell me because he
• 23:05
  Speaker 1: got my number. He got my number everybody, but he
• 23:07
  Speaker 1: didn't tell me though.
• 23:08
  Speaker 2: All Right, So I'm gonna I'm gonna put this out.
• 23:10
  Speaker 2: I love what. I love you for saying that. I
• 23:12
  Speaker 2: love you for saying that because because it makes a
• 23:15
  Speaker 2: very very very important point. We cannot not do something
• 23:22
  Speaker 2: because either we fear it, or we're operating out of
• 23:26
  Speaker 2: a scarcity mentality or fear mentality, or we don't know.
• 23:31
  Speaker 2: There are brothers and sisters that do know. So I
• 23:35
  Speaker 2: have five hundred people in my network who were interested
• 23:40
  Speaker 2: in crypto, and we bring in the experts. We try
• 23:45
  Speaker 2: to understand what are the best, blessed best platforms to
• 23:48
  Speaker 2: invest in. So, because you don't know, or the people
• 23:51
  Speaker 2: in your audience may not know, if they got in
• 23:54
  Speaker 2: touch with me, I do know, and I can prove
• 23:59
  Speaker 2: that I know, and then I could help it along
• 24:01
  Speaker 2: with my team raw experts in this space help you
• 24:06
  Speaker 2: make the right and the safest investment. Doesn't mean that
• 24:09
  Speaker 2: it still isn't risk. Of course, it's all risk. Everything
• 24:14
  Speaker 2: is risking you invest in the stock market is all risk.
• 24:16
  Speaker 1: A question about it, Hey, doctor George, I want to
• 24:20
  Speaker 1: get in one more call before we go to break
• 24:22
  Speaker 1: rodrigaz in Atlanta has another crypto currency. Like I said,
• 24:25
  Speaker 1: you don't fire today, you don't fire today. I love it.
• 24:27
  Speaker 1: I love it, Rodriguez. This is Rashan McDonald speaking to you,
• 24:30
  Speaker 1: and on the call is also doctor GEORGEI Fraser. What's
• 24:33
  Speaker 1: your question?
• 24:37
  Speaker 3: Hello?
• 24:37
  Speaker 1: Are you still there? What's the next question? We at okay,
• 24:42
  Speaker 1: turnbot and decata. You had a question about an investment
• 24:45
  Speaker 1: turnbull turnbile? Is it turnbull or turnbou turn turnbo? Okay?
• 24:52
  Speaker 1: Thank you for calling money Making Conversation. What is your
• 24:54
  Speaker 1: question that you want to ask on Money Making Conversation today?
• 24:58
  Speaker 5: My question is what about We're talked about cryptocurrency and
• 25:06
  Speaker 5: it sounds really good, but what about for those folks
• 25:09
  Speaker 5: who don't have, you know, a large amount of money
• 25:14
  Speaker 5: to invest in cryptocurrencies or something like that? Is there
• 25:18
  Speaker 5: another level below that where we can start to get
• 25:21
  Speaker 5: in and see some uh some good returns on?
• 25:26
  Speaker 2: Yes, of course there is. You could start with as
• 25:30
  Speaker 2: little as three hundred dollars. I started with ten thousand
• 25:33
  Speaker 2: dollars because ten thousand dollars is like three hundred dollars
• 25:36
  Speaker 2: to me, so if I lost it tomorrow, it wouldn't
• 25:39
  Speaker 2: make one damn bit of difference in my life. You
• 25:41
  Speaker 2: could start with three hundred.
• 25:43
  Speaker 1: Dollars, absolutely, you know the beauty of what I would
• 25:47
  Speaker 1: would you just say it is people tend to put
• 25:49
  Speaker 1: value on what I can start. You know, don't look
• 25:51
  Speaker 1: at imagine if you if you need to be starting
• 25:53
  Speaker 1: in an apartment. Now I would tell people, you know,
• 25:56
  Speaker 1: if you make one hundred thousand dollars, you're not going
• 25:58
  Speaker 1: to live a lifestyllar a ten times dollars person, because
• 26:01
  Speaker 1: I wish I could still keep buying the same two pays,
• 26:04
  Speaker 1: keep buying the same because you don't elevate your game.
• 26:06
  Speaker 1: That's all he said. If he had three hundred dollars,
• 26:09
  Speaker 1: he would invest it, but he got ten thousand dollars.
• 26:11
  Speaker 1: So you took it the wrong way. You took it
• 26:13
  Speaker 1: like he had a lot of money and you had
• 26:14
  Speaker 1: a lot of money to participate. This is money making conversation.
• 26:19
  Speaker 1: We're just breaking it down to everybody who's listening. Listen
• 26:22
  Speaker 1: to me right now. You can be part of the
• 26:24
  Speaker 1: big dream, but you have to stop shutting yourself down
• 26:28
  Speaker 1: and hearing what you want to hear. And that's when
• 26:31
  Speaker 1: I go back to the point. Education and what stops
• 26:34
  Speaker 1: people for investing in themselves or in the stock. They
• 26:38
  Speaker 1: are fearful. You can buy five dollar stock you can
• 26:41
  Speaker 1: buy penny stock, you can buy anything you want. But
• 26:44
  Speaker 1: what you do is you look. You look on TV
• 26:47
  Speaker 1: and you see, you know, you see the Amazon CEO,
• 26:50
  Speaker 1: billion dollar man. You see the guy going to space.
• 26:53
  Speaker 1: You know, all of a sudden you say, I can
• 26:54
  Speaker 1: never go to space because I can't afford one hundred
• 26:56
  Speaker 1: and twenty five thousand space. C Well, you want supposed
• 27:00
  Speaker 1: to be trying to get in that seat. What you
• 27:01
  Speaker 1: were supposed to be doing is looking at how he
• 27:03
  Speaker 1: got there. Do your research so you can get there.
• 27:06
  Speaker 1: And that's what this show is about getting you there.
• 27:09
  Speaker 1: And that's why I brought doctor Georgie Fraser. I got
• 27:11
  Speaker 1: my man, asked cast. He's in banking, so understand that
• 27:14
  Speaker 1: this conversation about money making conversation. Now, if you want
• 27:17
  Speaker 1: to be part of the money making conversation, call me
• 27:19
  Speaker 1: right now. Four zero four eight A zero nine two
• 27:22
  Speaker 1: five five. I gotta let my man go right now,
• 27:24
  Speaker 1: but he gonna come back because right now he brought fire.
• 27:28
  Speaker 1: He brought fire to money making conversation, Doctor Georgy Fras.
• 27:31
  Speaker 1: I want to thank you, brother for coming on my show.
• 27:33
  Speaker 2: Love you, love you.
• 27:34
  Speaker 1: You call You're not gonna call you you're not gonna
• 27:36
  Speaker 1: call you, please, Crypto Currency King right here, Crypto Characy King.
• 27:42
  Speaker 1: We'll be right back to Money Making Conversations. Thank you, brother,
• 27:45
  Speaker 1: doctor George. He phrase will be right back from my
• 27:47
  Speaker 1: man Ass cast right here in Atlanta. He brought me
• 27:49
  Speaker 1: on his TV show, on his podcast. Now that I
• 27:52
  Speaker 1: got him on my Money Making Conversation Live Big Tuesdays.
• 27:56
  Speaker 2: Be right back.
• 28:00
  Speaker 4: Thank you for joining us for this edition of Money
• 28:03
  Speaker 4: Making Conversations Masterclass. Money Making Conversations Masterclass with rough Shan
• 28:09
  Speaker 4: McDonald is produced by thirty eight fifteen Media Inc. More
• 28:12
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• 28:16
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• 28:20
  Speaker 4: to lead with your gifts