Latest / The Steve Harvey Morning Show / Financial Plan: Rich is Good, Wealthy is Better, practical financial frameworks for individuals, families, and small business owners.

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Financial Plan: Rich is Good, Wealthy is Better, practical financial frameworks for individuals, families, and small business owners. · The Steve Harvey Morning Show

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  Speaker 1: My Guess is a Hall of Fame speaker who has
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  Speaker 1: been named one of the Outstanding five speakers in the world.
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  Speaker 1: He is the author of several best selling books, including
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  Speaker 1: A Setback Is A Setup for a Comeback, An Attitude
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  Speaker 1: of Excellence, and his new book Rich Is Good, Wealthy
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  Speaker 1: is Better. I got it right here, ladies and gentlemen,
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  Speaker 1: just finish reading it. He specializes in helping people to
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  Speaker 1: turn their setbacks into amazing comebacks and helping you grow
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  Speaker 1: your wealth by growing yourself. Please welcome the Money Making
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  Speaker 1: Conversations Masterclass the one and only Doctor Willie Jolly.
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  Speaker 2: Thank you, my brother, Thank you so much.
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  Speaker 3: You know I have only just a minute, only sixty
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  Speaker 3: seconds in it for us. Upon me can't refuse it.
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  Speaker 3: I didn't seek it, I didn't choose it. But it's
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  Speaker 3: up to me to use it. I must suffer if
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  Speaker 3: I lose it, get a counter five abuse it just
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  Speaker 3: a tiny little minute, but our eternity is wrapped up,
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  Speaker 3: and I'm grateful for this minute, this moment, this opportunity
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  Speaker 3: to be with my guy Brushawn McDonald.
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  Speaker 2: Thank you my brother. First of all, you know I
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  Speaker 2: love him.
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  Speaker 1: I listened to his show religiously on a serious example.
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  Speaker 2: I always always text him, I call him man.
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  Speaker 1: Just sometimes you have to let brother know or friend
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  Speaker 1: know you listen by dropping a little krumb about an episode.
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  Speaker 2: You just heard, and you go, oh, whoa oh, he
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  Speaker 2: does listen to my show.
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  Speaker 3: It encourages me so much when I get those comments
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  Speaker 3: from you, Thank you man. You just don't know how
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  Speaker 3: much I appreciate it. And I'm grateful. I'm grateful, grateful.
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  Speaker 1: Well, you know, I always like to get my audience
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  Speaker 1: locked in, you know, don't want to lose them because
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  Speaker 1: they want to listen real quick and see it's something
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  Speaker 1: they want to hear.
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  Speaker 2: Rich is good, Rich is good, Wealthy is better. Rich
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  Speaker 2: is good.
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  Speaker 1: I would say that one more time wealthy is better
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  Speaker 1: because the word rich and wealthy.
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  Speaker 2: What is the difference there? Right, Doctor Colin, you know what?
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  Speaker 3: Let me tell you how this book came to be. I,
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  Speaker 3: as you know, have been on Serious Exam Channel one
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  Speaker 3: forty one now.
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  Speaker 2: But I've been on Serious Exam.
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  Speaker 3: I was first on the Power on one twenty six
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  Speaker 3: and then I'm moved over to one twenty one thirteen
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  Speaker 3: years ago.
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  Speaker 2: I've been on Exem for twenty years.
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  Speaker 3: And over those twenty years, I've had the honor of
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  Speaker 3: interviewing some of the greatest wealth creators of our time,
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  Speaker 3: people like Bill Marriott and David Rubinstein and David Stewart,
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  Speaker 3: America's wealthy as black Man, Bob Johnson, Sheila Johnson, Ted
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  Speaker 3: le ELS's the found co founder of Netflix, one after another,
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  Speaker 3: Damon John John ho'brien, and over those years, I was
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  Speaker 3: inspired by them, but I didn't know the difference between
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  Speaker 3: being rich and wealthy.
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  Speaker 2: Oh I thought I knew.
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  Speaker 3: But about four years ago that the proverbial light bulb
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  Speaker 3: went off above my head and I said, oh my god,
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  Speaker 3: I got it. Bob Johnson had tried to tell me,
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  Speaker 3: but I didn't get it. I didn't capture it. But
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  Speaker 3: finally it came to my brain, here's the difference. And
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  Speaker 3: I said, well, maybe I'm the only one who doesn't
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  Speaker 3: know the difference. Maybe I'm the outlier here. So I
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  Speaker 3: went around the country and doing my speaking engagement to
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  Speaker 3: corporations on my tours and ask people, Hey, what do
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  Speaker 3: you say when I say the word rich?
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  Speaker 2: What do you think? They's a immediate number one answer,
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  Speaker 2: million dollars. You got a million dollars, you're rich? Okay, great? Now,
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  Speaker 2: if rich is a million, what's wealthy? And they'll look
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  Speaker 2: up in the air.
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  Speaker 3: They'll ponder for a minute, and they say, I guess
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  Speaker 3: it's five million, ten million, a billion.
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  Speaker 2: And I realized other people didn't know either, okay.
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  Speaker 3: And said, I said, if they don't know, how will
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  Speaker 3: they ever hit it. It's like this, sir, rouseean if
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  Speaker 3: I gave you a rock and say hit the closest
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  Speaker 3: wall to where you're sitting, You hit the rock with
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  Speaker 3: the wall close to you.
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  Speaker 2: Okay, got it.
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  Speaker 3: Now let's say I say here's the rock again, but
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  Speaker 3: this time, before you throw it, I want to put
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  Speaker 3: you a blindfold over your eyes, turn you around until
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  Speaker 3: you can't know which direction you're facing.
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  Speaker 2: Now do it again? Well, can you do it?
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  Speaker 1: No?
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  Speaker 3: It's hard to hit what you can't see, and it's
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  Speaker 3: even harder to hit what you don't know. And I
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  Speaker 3: realized most people did not know the difference between being
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  Speaker 3: rich and wealthy.
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  Speaker 2: And I was one of them.
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  Speaker 1: Now, let's talk about the book a little bit more detailed.
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  Speaker 1: You know, my mindset money mindset, because that's what you're
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  Speaker 1: talking about. People can drive a car, people can live
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  Speaker 1: in a house, and I call that working wealthy anyway,
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  Speaker 1: So if you start working, then your wealth goes away.
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  Speaker 1: That's understanding is there's mailbox money and they're working money,
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  Speaker 1: and we're trying to do is transition people from the
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  Speaker 1: working money to the mailbox money.
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  Speaker 3: Absolutely well, well, there are two groups that this book
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  Speaker 3: is focused on, Rushan. The first group are the people
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  Speaker 3: who want to be wealthy but don't know how to
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  Speaker 3: get there, and they can take these lessons I've learned
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  Speaker 3: from these wealth creators, and look, I'm just teaching what
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  Speaker 3: I've been taught. So the first is helping people get
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  Speaker 3: to wealth. But the second group, Rushan, is where we're
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  Speaker 3: seeing the greatest response is amazing. People are buying it.
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  Speaker 3: In volume eight nine ten, one lady bought a box
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  Speaker 3: thirty copies. She said, I want one for every child,
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  Speaker 3: every grandchild, every niece, every nephew. Here are the people
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  Speaker 3: who have worked hard all their lives, scrimped, saved, sacrificed,
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  Speaker 3: done without so they could create a nest egg, and
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  Speaker 3: they're concerned that their children will not take care of
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  Speaker 3: it and will squander it. Or as one man said
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  Speaker 3: to me, he said, doctor Jolly, my greatest fear is
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  Speaker 3: that my children will not treat my money like I
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  Speaker 3: treated it, and they will go through in months what
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  Speaker 3: it took decades and decades and decades for me to grow.
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  Speaker 2: I want help. This book is the answer.
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  Speaker 3: I recommend every parent, everybody who has a nest egg
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  Speaker 3: get copies of this for people who are in their family.
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  Speaker 3: You asked about the mindset, as you said, and you've
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  Speaker 3: read the book. I talk about the five money mindsets.
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  Speaker 3: The lowest level is the one day mindset. That's the
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  Speaker 3: person who stands on a corner with a cardboard box
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  Speaker 3: every day saying, give me enough money for the day,
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  Speaker 3: and they repeat that process every day.
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  Speaker 2: We've all seen them.
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  Speaker 3: Then you got the thirty day mindset, which are the
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  Speaker 3: people who are on fixed income, whether they're retirement, social Security,
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  Speaker 3: or in welfare, whatever it is that it comes in
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  Speaker 3: thirty day payments and every month they are looking forward
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  Speaker 3: to that next month.
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  Speaker 2: They think month, the month.
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  Speaker 3: Then you get the one year mindset, people who think
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  Speaker 3: a year to year. Did I make more money this
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  Speaker 3: year than last year? Did I get a cost of
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  Speaker 3: living raise this year? Then you get the decade mindset,
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  Speaker 3: which is the mindset we typically see with athletes and entertainers.
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  Speaker 3: A baseball player might get a ten year contract to
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  Speaker 3: play baseball and for ten years, one hundred million dollars.
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  Speaker 2: And he's bawling. He got five Bentleys, four rolls, Royces
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  Speaker 2: to homes.
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  Speaker 3: Jet, he's rolling, he balling, he got table savers when
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  Speaker 3: he go to the club.
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  Speaker 2: I mean, he got it all.
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  Speaker 3: But if he does not renew that contract, or if
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  Speaker 3: he gets hurt and does not modify his lifestyle, he's
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  Speaker 3: going to be broke. And that is why over seventy
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  Speaker 3: percent of professional athletes are broke five years after retirement.
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  Speaker 2: But then we got the wealth mindset. And the wealth.
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  Speaker 3: Mindset is a mindset that says thinks generation, the generation,
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  Speaker 3: the generation. You know, the Bible says that a good
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  Speaker 3: man leaves an inheritance for his children's children's great grandchildren.
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  Speaker 3: And so my goal in the book is to get
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  Speaker 3: each level to go up one level, just one level.
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  Speaker 2: The one day guy, it's too big.
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  Speaker 3: A jump for him to think generationally at this point.
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  Speaker 3: But if I can get him just to go up
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  Speaker 3: to the thirty day, and if I can get to
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  Speaker 3: thirty day, people to get up to one year, and
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  Speaker 3: I get to one year, folks to get up to
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  Speaker 3: the ten year and I get to ten folks to
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  Speaker 3: get up to the generation, then I've done my job.
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  Speaker 3: And so that's why I'm encouraging people to go to
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  Speaker 3: Riches's Good, Wealthy is Better, get copies of the book,
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  Speaker 3: read the excerpts we have there.
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  Speaker 2: But we want to change people's mindset. And you hit
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  Speaker 2: it right on the head.
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  Speaker 3: It's about a mindset. Wealth starts in your mind. It
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  Speaker 3: starts in your mind.
• 8:20
  Speaker 1: You don't want to miss an episode of Money Making
• 8:22
  Speaker 1: Conversations Masterclass. So right now, follow a subscribe to Money
• 8:26
  Speaker 1: Making Conversations.
• 8:27
  Speaker 2: It's free and you can find.
• 8:29
  Speaker 4: It on the iHeartRadio app, Spotify, Apple Podcasts, or wherever
• 8:33
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• 8:35
  Speaker 2: Please don't go anywhere.
• 8:37
  Speaker 1: We'll be right back with more Money Making Conversations Masterclass.
• 8:43
  Speaker 1: Welcome back to Money Making Conversations master Class with me
• 8:46
  Speaker 1: for Sean McDonald. Now from a minority community, you've heard
• 8:51
  Speaker 1: it all the time. You know, we're the last to
• 8:52
  Speaker 1: get different mats, were the last to get hired, the
• 8:54
  Speaker 1: first to get fired, and the first get laid off.
• 8:56
  Speaker 1: That's a cycle, especially that one day cycle or that
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  Speaker 1: third you know, there's number two mindset, which is the
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  Speaker 1: thirty day cycle.
• 9:03
  Speaker 2: Right live to check to check. Right.
• 9:06
  Speaker 1: With that being said, people will listening to the show,
• 9:08
  Speaker 1: Let's switch that over to the small business owner entrepreneurs. Yeah,
• 9:12
  Speaker 1: they trying to survive beyond the thirty day cycle. They're
• 9:15
  Speaker 1: trying to get to the year plan because they got
• 9:17
  Speaker 1: to project. How do you look at them when they
• 9:20
  Speaker 1: come to you for advice, doctor Willie Jobbles.
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  Speaker 3: You know, and as an entrepreneur and as a guy
• 9:26
  Speaker 3: who has had.
• 9:27
  Speaker 2: A small business with a small team.
• 9:29
  Speaker 3: And they classify small business less than five hundred people.
• 9:33
  Speaker 3: And so I've had a small business all my life.
• 9:37
  Speaker 3: I got a small team. But here's what I say
• 9:39
  Speaker 3: to entrepreneurs and for those who listen to me on
• 9:42
  Speaker 3: my ex sum show, you know that one of the
• 9:44
  Speaker 3: focus areas is for the entrepreneurs, entrepreneurs and small business people.
• 9:49
  Speaker 3: And I encourage you to tune in after you listen
• 9:52
  Speaker 3: to ra Sean on his show, tune in on Saturday's
• 9:55
  Speaker 3: four o'clock Channel one forty one re airs Tuesdays and
• 9:59
  Speaker 3: Thursdays at six and then it goes to podcasts, The
• 10:01
  Speaker 3: Willie Jolly Wealthy Ways Show podcast.
• 10:04
  Speaker 2: Now here's what I say to small business people.
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  Speaker 3: The key to success in growing wealth is discipline.
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  Speaker 2: You got to have discipline, and discipline.
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  Speaker 3: Is across all the types of wealth, cause there are
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  Speaker 3: five types of wealth that I discussed in the book.
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  Speaker 3: First kind of wealth, of course, is financial wealth. But
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  Speaker 3: the second kind of wealth is health wealth. If you
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  Speaker 3: are sick, you cannot enjoy the great revenues you're generating.
• 10:35
  Speaker 3: It is said that Steve Jobs on his deathbed said
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  Speaker 3: I'd give all the money away for more time. And
• 10:43
  Speaker 3: my friend Les Brown says it like this, and I
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  Speaker 3: wrote it in the book. He said, the sick person
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  Speaker 3: has one dream, while the healthy person has a thousand dreams.
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  Speaker 3: You want to be healthy, so your health wealth is
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  Speaker 3: number two. Number three is relationship wealth. It's not just
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  Speaker 3: where you're going, but who's going with you.
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  Speaker 2: And that's big.
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  Speaker 3: Then you got the fourth type of wealth, which you
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  Speaker 3: are so powerful in uh sean you in three and four,
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  Speaker 3: particularly relationship because your relationships are incredible. But also your
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  Speaker 3: reputational wealth what people say about you in the marketplace.
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  Speaker 3: And finally we call it now a brand, you know,
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  Speaker 3: a personal brand, but it's really your reputation. And the
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  Speaker 3: type of wealth is your intellectual capital wealth. What do
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  Speaker 3: you know, and what are people willing to pay you
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  Speaker 3: because of that? So it's about mindset. Wealth starts in
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  Speaker 3: the mind, and it starts with discipline. You must have
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  Speaker 3: discipline to succeed in any of those wealth. If you
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  Speaker 3: not help discipline about your health, if you just eat
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  Speaker 3: everything you want and never work out, and drink all
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  Speaker 3: the time and smoke all the time, then you're not
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  Speaker 3: going to be healthy. So you got to have discipline.
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  Speaker 3: And so these are the things that I think is
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  Speaker 3: critical for small business people entrepreneurs is that you must
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  Speaker 3: make a decision have discipline. One more thing about the
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  Speaker 3: amount of money you make, because many people say, well
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  Speaker 3: it's about the amount of money. No, no, no, it's
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  Speaker 3: about your discipline and what you do with the money. See,
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  Speaker 3: regular folks work for their money. Wealthy people make their
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  Speaker 3: money work for them. I eat in the book. You
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  Speaker 3: read the book. I talk about Mary Ellen Pleasant, who
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  Speaker 3: was a domestic worker in the nineteen hundreds who never
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  Speaker 3: made more than six thousand dollars a year cleaning people's homes.
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  Speaker 3: But she lived below her means and she invested the difference,
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  Speaker 3: and as a result of that, her net worth rose
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  Speaker 3: to two point seven million dollars. She never made more
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  Speaker 3: than six thousand dollars a year. Or how about the
• 12:53
  Speaker 3: secretary back in the sixties early seventies, before the internet,
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  Speaker 3: who lawyers at her firm would come and say, here's
• 13:04
  Speaker 3: my stock by today, place this with my broker. She
• 13:08
  Speaker 3: would make the call, and after a while she said,
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  Speaker 3: I wonder why they're doing that. So over lunch she
• 13:14
  Speaker 3: would ask them, why are you investing in stocks? Why
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  Speaker 3: are you doing that? How do you do it? They
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  Speaker 3: taught her over lunch she started making the same stock
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  Speaker 3: pick sheet that they made. She never made more than
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  Speaker 3: forty five thousand dollars a year, but she started buying
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  Speaker 3: little bits of stock like they did. They might buy
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  Speaker 3: a hundred share, She buy one share. When she retired
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  Speaker 3: she had a portfolio of eight million dollars. And so
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  Speaker 3: I'm saying to this folks, rich is good.
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  Speaker 2: Wealthy is better. Now.
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  Speaker 3: I got to tell you, folks, here's some bad news.
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  Speaker 3: Everybody's not going to be rich. The Bible says that
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  Speaker 3: the poor will be with you always. Everybody is not
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  Speaker 3: going to be rich. But anybody, oh let me say
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  Speaker 3: it again, anybody can become well if you use these
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  Speaker 3: principles in the book because anybody can do what it says,
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  Speaker 3: as long as you've got three thanks, listen care the book,
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  Speaker 3: I tell you the three legs to wealth. One income,
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  Speaker 3: you gotta have money coming in, some money. Two you
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  Speaker 3: gotta live below your means, and then you invest the difference,
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  Speaker 3: so you gotta have income. And then you gotta have investments.
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  Speaker 3: And the third leg is insurance. You gotta protect the
• 14:31
  Speaker 3: asset with insurance. So you gotta have life insurance. If
• 14:35
  Speaker 3: you love your family, you gotta have life insurance. If
• 14:37
  Speaker 3: you want generation or wealth, you gotta have life insurance.
• 14:39
  Speaker 3: Number two, you gotta have health insurance. You gotta have
• 14:42
  Speaker 3: car inchurane, disability insurance and long term care insurance. That
• 14:48
  Speaker 3: will maintain the molt, the pit, the force field around
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  Speaker 3: your wealth. You do that, you wanna be on your way.
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  Speaker 3: And everybody needs to have that. Last, everybody needs to
• 15:00
  Speaker 3: have at least two streams of income. And in the
• 15:03
  Speaker 3: book I put the eight streams of income. You got
• 15:06
  Speaker 3: to have two streams of income. It could be thoughts,
• 15:09
  Speaker 3: could be bonds, it could be real estate, it could
• 15:11
  Speaker 3: be crypto. It could be collectibles, it could be a jewelry,
• 15:16
  Speaker 3: it could be paintings, the eight streams that you could
• 15:21
  Speaker 3: choose from, or like you you creating content Rashan, you're
• 15:25
  Speaker 3: content creator. Everybody can do something with their brain, So
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  Speaker 3: I think that's important. This book is packed with stuff,
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  Speaker 3: and I grew because of what I learned in writing this.
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  Speaker 1: Absolutely, and that's why I got you on the show.
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  Speaker 1: Because I'm speaking if you don't know one of the
• 15:43
  Speaker 1: five outstanding speakers in the world, as you can tell
• 15:47
  Speaker 1: you know. The thing about it was the one word
• 15:49
  Speaker 1: that you didn't bring up in this conversation is pride.
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  Speaker 1: Come on, somebody, because when you say living but know
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  Speaker 1: your means that means that means that with the plan
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  Speaker 1: in the words I always go back and tell my staff.
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  Speaker 1: When I was in my twenties, this guy would always
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  Speaker 1: tell me white guy.
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  Speaker 2: Yep. He would tell me, hey, just save one hundred
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  Speaker 2: and fifty dollars a month.
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  Speaker 1: In my mind, I could not understand what he was
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  Speaker 1: talking about because my pride went, man, I could do
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  Speaker 1: something with that one hundred and fifty dollars. I got
• 16:18
  Speaker 1: some clothes, right, I can go on the trip. My
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  Speaker 1: pride would not allow me to invest that money. Now,
• 16:27
  Speaker 1: twenty years later, I understood what he was talking about, right, right,
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  Speaker 1: Pride is not part of my vocabulary or my lifestyle.
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  Speaker 2: That's right. So that's truck about pride, because that's what
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  Speaker 2: your whole book is about.
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  Speaker 1: Yep, Lauren applied the pride and then uplifting the intellect
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  Speaker 1: and the plane.
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  Speaker 2: Correct, that's right, that's right.
• 16:44
  Speaker 3: In the book, I talk about Bust the stories who
• 16:47
  Speaker 3: you might have had on the store. He's on another
• 16:49
  Speaker 3: channel on XM. Buster dead friend, former pastor. He now
• 16:53
  Speaker 3: teaches people how to get out of debt and how
• 16:55
  Speaker 3: to grow their wealth. And Buster said, when he was
• 16:58
  Speaker 3: a young pastor, he pride. He wanted to have a
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  Speaker 3: Catillac like the rest of the passes. He wanted to
• 17:04
  Speaker 3: have fancy clothes. So he lived up to his paycheck
• 17:07
  Speaker 3: all the.
• 17:07
  Speaker 2: Way, never saving any money. And he said one day
• 17:11
  Speaker 2: and he had to.
• 17:12
  Speaker 3: Have clothes with the designer label on it. He had
• 17:15
  Speaker 3: had to have a certain kind of look and a
• 17:17
  Speaker 3: certain kind of clothes. And he said, once I realized
• 17:20
  Speaker 3: that my pride was killing my wealth, I had to
• 17:23
  Speaker 3: let the pride go so I could grab hold of
• 17:25
  Speaker 3: the wealth. And I think that's what we have to do.
• 17:28
  Speaker 3: The other thing that this book talks about is this
• 17:31
  Speaker 3: thing called arrogance.
• 17:33
  Speaker 2: Arrogance that I got the answers.
• 17:35
  Speaker 3: One of the things I've learned is I don't have
• 17:37
  Speaker 3: all the answers, and I cannot be arrogant, nor do
• 17:42
  Speaker 3: you want to be ignorant. So if you can get
• 17:45
  Speaker 3: the book, input, determins, output, what you put in, tarringes
• 17:49
  Speaker 3: what you put out. But if you've got arrogance and ignorance,
• 17:55
  Speaker 3: you on your way down because you no one can
• 17:58
  Speaker 3: help you. But as Less Brown says, he said he
• 18:01
  Speaker 3: arrogant and ignorant, no one can help you.
• 18:03
  Speaker 2: But if you're willing to learn, no one can stop you.
• 18:06
  Speaker 2: And that's what we want people to know.
• 18:08
  Speaker 1: You don't want to miss an episode of Money Making Conversations.
• 18:10
  Speaker 4: Masterclass, So right now follow a subscribe to Money Making Conversations.
• 18:15
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• 18:17
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• 18:24
  Speaker 1: Please don't go anywhere. We'll be right back with more
• 18:26
  Speaker 1: Money Making Conversations master Class. Welcome back to Money Making
• 18:32
  Speaker 1: Conversations master Class with me with Shan McDonald. The riches good,
• 18:36
  Speaker 1: Wealthy is Better, Actor Willing, Jolly he's communicating the values
• 18:41
  Speaker 1: of information or consistency and a plan.
• 18:47
  Speaker 2: Yes. Without any of that.
• 18:48
  Speaker 1: Then you will get confusion, frustration, and debt because average
• 18:53
  Speaker 1: person lift that wins. When you conngress, that wins. When
• 18:57
  Speaker 1: you're ignorant, that's winds. When you pride before planning.
• 19:01
  Speaker 2: That's right. Right.
• 19:04
  Speaker 1: We try to get you out of debt and get
• 19:06
  Speaker 1: you into planning. But then the planning part is like
• 19:11
  Speaker 1: looking in the other yard, driving the car, yeah, wearing
• 19:15
  Speaker 1: the clothes ye, going on social media, trying to post
• 19:20
  Speaker 1: because social media has become the biggest I think the
• 19:23
  Speaker 1: advocate of false pride no questions as you to compete
• 19:27
  Speaker 1: for images that you don't know if are real or not.
• 19:30
  Speaker 1: That's from your book. Rich is good, Wealthy is better.
• 19:33
  Speaker 1: You talk about overcoming the odds a lot. Yeah, book,
• 19:38
  Speaker 1: let a set back hold you back?
• 19:40
  Speaker 2: That's right. Why don't you talk about that so much?
• 19:43
  Speaker 2: Because I'm a walking, talking testament of failing. Okay, failing.
• 19:49
  Speaker 2: I was a nightclub singer.
• 19:51
  Speaker 3: For those who have never never read my book, Setback,
• 19:54
  Speaker 3: set Up for Comeback, I recommend you go to my website.
• 19:57
  Speaker 3: When with Willie dot com, When will Willie dot com
• 20:01
  Speaker 3: look for my products to help you win icon click
• 20:05
  Speaker 3: it and get the book or.
• 20:06
  Speaker 2: Set back as a setup for comeback.
• 20:08
  Speaker 3: First couple pages in the book, I tell my story
• 20:10
  Speaker 3: where I was a nightclub singer, singing in nightclubs, making
• 20:14
  Speaker 3: a living, winning the awards Best Jazz Singer, Best Entertainer,
• 20:18
  Speaker 3: Best Performer in Washington, DC. Why not at winning the
• 20:21
  Speaker 3: nightclub the club onwner said, we love your band, but
• 20:24
  Speaker 3: we've made a change. There's something new going around called Carryoki.
• 20:29
  Speaker 3: I said, what a walker? They said, karaoke and it's
• 20:32
  Speaker 3: a lot cheaper than a band. We're going to give
• 20:35
  Speaker 3: that a shot for a while. And I said, but
• 20:37
  Speaker 3: what about my bills? I learned that nobody care about
• 20:40
  Speaker 3: your bills but you and the people you owe.
• 20:43
  Speaker 2: Am I right about it? I want to ask it?
• 20:45
  Speaker 2: And so I said, what am I going to do?
• 20:47
  Speaker 3: A friend of mine gave me a cassette tape with
• 20:51
  Speaker 3: a motivational messages and a book. The book was called
• 20:55
  Speaker 3: Think and Grow Rich. I never heard a motivational tape.
• 20:58
  Speaker 3: I never heard of motivation message. I never read a
• 21:01
  Speaker 3: book from cover to cover. Because see Rashwan, I was
• 21:04
  Speaker 3: half of the class in high school that made the
• 21:06
  Speaker 3: top half possible, okay, And so I read the book
• 21:13
  Speaker 3: and there's a premise in the book that says, wherever
• 21:15
  Speaker 3: there's an adversity, at that same place as a seed
• 21:19
  Speaker 3: for great opportunity. And I said, okay, where's my opportunity.
• 21:23
  Speaker 3: The opportunity was working for the school system as a
• 21:25
  Speaker 3: drug prevention coordinator. I got this job talking to little kids,
• 21:29
  Speaker 3: little kids about stand away from drugs. From the little kids,
• 21:32
  Speaker 3: the teachers would say, oh, we want you to teach,
• 21:34
  Speaker 3: Come talk for our group. And then someone there would say,
• 21:37
  Speaker 3: can you come to my church? And someone in the
• 21:39
  Speaker 3: church would say, can you come to my company? And
• 21:40
  Speaker 3: then Les Brown heard about this guy who was a
• 21:43
  Speaker 3: speaker who could also sing, and he was looking for
• 21:46
  Speaker 3: an opening act for his music and motivation Dream Team tour,
• 21:50
  Speaker 3: and he invited me to be an opening act. The
• 21:52
  Speaker 3: tour was Les Brown, Billy Preston, the great organist, Gladys Knight,
• 21:57
  Speaker 3: and a little guy from DC Me. Because I was
• 22:00
  Speaker 3: a lesson Gladys they introduced me to radio people and
• 22:03
  Speaker 3: I got a little radio show. It got syndicated. You
• 22:06
  Speaker 3: can now hear me across America every morning on Get
• 22:09
  Speaker 3: Up Mornings with Erica Campbell on the Praise Network and
• 22:13
  Speaker 3: as the eight twenty Every Morning. That led to XM,
• 22:16
  Speaker 3: where I now have been on for twenty years, have
• 22:19
  Speaker 3: the number one self help to Grow Your Wealth show
• 22:21
  Speaker 3: in America. And then that led to a book publisher
• 22:25
  Speaker 3: calling and saying, I like your ideas. Have you ever
• 22:28
  Speaker 3: thought about writing a book? I said no, I never
• 22:30
  Speaker 3: thought about it. He said, let me make you an offer.
• 22:33
  Speaker 2: I said, I just thought about it.
• 22:37
  Speaker 3: I wrote a book called It Only Takes a Minute
• 22:39
  Speaker 3: Change of Life, came a national bestseller. Then a Setback
• 22:42
  Speaker 3: Is a setup for Comeback, became a global bestseller, then
• 22:45
  Speaker 3: turned setbacks into green backs, then an Attitude of Excellence,
• 22:49
  Speaker 3: then Chicken Soup for the soul, and then make Love,
• 22:52
  Speaker 3: Make Money.
• 22:52
  Speaker 2: Make it last.
• 22:53
  Speaker 3: The book I wrote with my wife. We've been married
• 22:55
  Speaker 3: forty years, We've been on your show.
• 22:57
  Speaker 2: Here, I'll go bring it up. I know you were,
• 23:01
  Speaker 2: I know you were. That's right. It was a right,
• 23:06
  Speaker 2: that was ADZ. That's right.
• 23:08
  Speaker 3: And we haven't had an argument in thirty eight years
• 23:10
  Speaker 3: now that we wanted today show. They said you never
• 23:12
  Speaker 3: had an argument. I said no, I didn't say that.
• 23:14
  Speaker 3: I said, we haven't had an argument in thirty eight years.
• 23:16
  Speaker 3: Those first couple of years were like World War Three,
• 23:18
  Speaker 3: but we learned how to not argue. We put it
• 23:21
  Speaker 3: in a book and we also put it on our
• 23:23
  Speaker 3: ted talk. You can get that at Jollymarriage dot com.
• 23:26
  Speaker 3: And then in nineteen ninety nine, I was named one
• 23:29
  Speaker 3: of the top five speakers in the world by Toast
• 23:31
  Speaker 3: Masters two thousand and five, Inducted in the Speaker Hall
• 23:33
  Speaker 3: of Fame in twenty thirteen, named the Top five Leadership
• 23:37
  Speaker 3: Speaker in twenty seventeen, a legend of the speaking industry,
• 23:41
  Speaker 3: and in twenty twenty three, I got the highest award
• 23:43
  Speaker 3: in the speaking industry, the Cavot Award, which is like
• 23:46
  Speaker 3: the Heisman, and I'm the first African American man to
• 23:49
  Speaker 3: get that award.
• 23:50
  Speaker 2: And here's the lesson I say to everybody.
• 23:53
  Speaker 3: I failed, I've messed up, I've had setbacks, but I
• 23:59
  Speaker 3: want to aim courage everybody who's listening that your setback
• 24:03
  Speaker 3: is not the end of the story, is not the
• 24:05
  Speaker 3: end of the road unless you choose it to be.
• 24:07
  Speaker 3: A setback is a set up for a comeback. And
• 24:09
  Speaker 3: I'm saying to each and every one of you, listen carefully, folks,
• 24:13
  Speaker 3: that a setback is a setup for your greater comeback.
• 24:16
  Speaker 3: You just have to have the mindset so that answers
• 24:19
  Speaker 3: your question, Rashan, that it is about making a decision
• 24:25
  Speaker 3: and not let stuff stop you and not get down
• 24:28
  Speaker 3: in the dumps. And you and I both know we've
• 24:30
  Speaker 3: both been through some tough moments.
• 24:33
  Speaker 2: Absolutely we refuse to give up, and that's why we're
• 24:36
  Speaker 2: here today.
• 24:36
  Speaker 1: Finally, you know, as we wrap up this conversation, Willie Jolly,
• 24:40
  Speaker 1: if someone listening or watching can take one message from
• 24:44
  Speaker 1: riches good, wealthy is better, what would you want it
• 24:48
  Speaker 1: to be?
• 24:48
  Speaker 3: The main message I wanted to be is that you
• 24:52
  Speaker 3: are able to transform your life no matter what your age,
• 24:56
  Speaker 3: no matter what your income. I interviewed a guy the
• 24:59
  Speaker 3: other day, Reggie Irby, who was a drug dealer and
• 25:03
  Speaker 3: a drug addict in West Philadelphia. He was able to
• 25:08
  Speaker 3: get into the service. He went in the Navy, He
• 25:12
  Speaker 3: served his time in the Navy, came out and worked
• 25:14
  Speaker 3: for the fire department. He retired from the fire department,
• 25:18
  Speaker 3: and then he got another job. He retired from the
• 25:20
  Speaker 3: second job. And when he retired the second time, since
• 25:22
  Speaker 3: he already had a retirement from the fire department, they
• 25:25
  Speaker 3: gave him a pool of money twelve thousand dollars, and
• 25:28
  Speaker 3: he said, well, I could go on a what you
• 25:30
  Speaker 3: said earlier, I could go buy a car, or I
• 25:32
  Speaker 3: could go on a trip, or I could do a
• 25:35
  Speaker 3: lot with that money. But he decided to invest the
• 25:37
  Speaker 3: money at sixty five in the stock market, and he
• 25:41
  Speaker 3: just kept putting a little bit in every month. He's
• 25:45
  Speaker 3: now seventy two, and he said, I now have a
• 25:49
  Speaker 3: portfolio of eight hundred and ninety thousand dollars. What my
• 25:54
  Speaker 3: message for people is never too late to start. And
• 25:57
  Speaker 3: as long as you start, Look, when is the best
• 26:00
  Speaker 3: time to plan a tree that takes eighty years to
• 26:03
  Speaker 3: grow eighty years ago?
• 26:05
  Speaker 2: When's the second best time today? Do it now? Go
• 26:08
  Speaker 2: to riches. Good wealthy is better. Get the book.
• 26:11
  Speaker 3: Get it for all your children, your grandchildren, people in
• 26:14
  Speaker 3: your family. We're going to change this wealth gap that
• 26:18
  Speaker 3: we have in opportunity by information, and that's my job.
• 26:22
  Speaker 3: I want to thank my friend Rushan. Now did you
• 26:24
  Speaker 3: hear the shout out I gave you on the radio
• 26:26
  Speaker 3: a couple of weeks.
• 26:26
  Speaker 2: You make me laugh all the time I go because
• 26:31
  Speaker 2: you know, I don't want it. I just love being
• 26:34
  Speaker 2: a background voice, Oh man, you and I felt grateful
• 26:38
  Speaker 2: for you. Man, I am so grateful for you and
• 26:41
  Speaker 2: your friendship.
• 26:42
  Speaker 3: Over the years. How you've been in my corner and
• 26:45
  Speaker 3: I just want to thank you.
• 26:46
  Speaker 2: We're good.
• 26:47
  Speaker 1: Rich is good, Wealthy is better than one and only
• 26:49
  Speaker 1: doctor Willie Jolly. And when I come back and interview
• 26:51
  Speaker 1: him again, I got a brigage wife because you do
• 26:54
  Speaker 1: this story from his house.
• 26:58
  Speaker 2: The kitchen was in the back. She's wonderful.
• 27:01
  Speaker 1: She's just as gracious as he is in providing information
• 27:04
  Speaker 1: that will help you win.
• 27:06
  Speaker 2: Thank you, doctor Willi Johley coming and folks, thank you
• 27:09
  Speaker 2: and everybody.
• 27:09
  Speaker 3: Go to Richard Goodwealthy Beetter dot com get some of
• 27:11
  Speaker 3: the free excerpts that's our gifted it.
• 27:13
  Speaker 2: Thank you now.
• 27:15
  Speaker 1: If you want to be a guest on my show,
• 27:16
  Speaker 1: Money Making Conversation Masterclass, please visit our website, Moneymakingconversation dot
• 27:21
  Speaker 1: com and click to be a guest button. If you're
• 27:24
  Speaker 1: a small business owner, entrepreneur, motivational speaker, influencer, a nonprofit,
• 27:28
  Speaker 1: I want you on my show.