Latest / The Steve Harvey Morning Show / Financial Tips: Former Wall Street Banker Tells All about buying stocks and building generational wealth.

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Financial Tips: Former Wall Street Banker Tells All about buying stocks and building generational wealth. · The Steve Harvey Morning Show

0:05
Speaker 1: Welcome to the show. I'm Rashwan MacDonald, the host of
0:08
Speaker 1: money Making Conversations Masterclass, where we encourage people to stop
0:12
Speaker 1: reading other people's success stories and start planning their own.
0:16
Speaker 1: Listen up as I interview entrepreneurs from around the country,
0:19
Speaker 1: talk to celebrities and ask them how they are running
0:22
Speaker 1: their companies, and speak with nonprofits who are making a
0:25
Speaker 1: difference in their local communities. Now, sit back and listen
0:29
Speaker 1: as we unlock the secrets to their success on Money
0:32
Speaker 1: Making Conversations Masterclass.
0:35
Speaker 2: Is a former Wall Street analyst, founder of Implify merging
0:40
Speaker 2: of the words empower and Modify is an educational based
0:44
Speaker 2: organization creeds to help both adults and children understand financial literacy.
0:50
Speaker 2: That's a really tricky term there. She is a personal
0:52
Speaker 2: financial coach, financial journalist for Black Enterprise and Essence magazine,
0:58
Speaker 2: and international speaker. Please please welcome the Money Making Conversation.
1:02
Speaker 2: Ashley M. Fox.
1:05
Speaker 1: Hi, how are you pretty good?
1:06
Speaker 2: Mimss focon? Where are you based there right now?
1:09
Speaker 3: I'm in Philadelphia.
1:10
Speaker 2: When you say you are a former Wall Street analyst,
1:13
Speaker 2: what does that mean? Because if your Wall Street scres
1:16
Speaker 2: a lot of people, especially minorities, because we don't even
1:19
Speaker 2: understand how you make money under Wall Street world break
1:22
Speaker 2: it down a little bit too it and were willing
1:24
Speaker 2: to take the time to understand on money made conversation
1:27
Speaker 2: exactly what did you do and what role do you
1:29
Speaker 2: play in that?
1:31
Speaker 4: Okay?
1:31
Speaker 3: So I went to Howard University, graduated, and I decided
1:35
Speaker 3: to work on Wall Street. I have four internships in school,
1:38
Speaker 3: and three of them I worked at Wall Street investment banks.
1:40
Speaker 3: So then I lived in New York too this summer.
1:42
Speaker 3: So that's when I realized I wanted to work on
1:43
Speaker 3: Wall Street. It paid really great money, and so ideally
1:47
Speaker 3: I actually just wanted to work on Wall Street because
1:49
Speaker 3: you got one of the highest fanged jobs out of school.
1:51
Speaker 3: And so as an analyst, I worked in acset management.
1:53
Speaker 3: And so what I did was work with a team
1:55
Speaker 3: of people who helped manage the money for clients who
1:58
Speaker 3: made twenty five million dollars or more. So I saw
2:01
Speaker 3: everything where they live, where they travel, what they invested in,
2:03
Speaker 3: how much they didn't say in taxes. Pretty much, if
2:06
Speaker 3: you had twenty five million dollars or more, you don't
2:08
Speaker 3: need a financial advice. You needed to acce manager. And
2:11
Speaker 3: so whether it was helping them with their trust and estates,
2:15
Speaker 3: whether it was getting a mortgage on their vacation home
2:18
Speaker 3: and NAPA or in somewhere of Florida wherever it is,
2:22
Speaker 3: or in the Hamptons, or just helping them invest to
2:25
Speaker 3: build that generational wealth to pass it down to their children.
2:28
Speaker 3: We were there to provide them with the tools and
2:30
Speaker 3: resources to help them sustain their wealth so they didn't
2:33
Speaker 3: lose it.
2:33
Speaker 2: Now here's the crazy part about that statement. You said
2:36
Speaker 2: twenty five million dollars of more correct, And yeah, you
2:40
Speaker 2: said that number like it's a lot of them.
2:44
Speaker 4: It is.
2:44
Speaker 3: It's a whole different world. And it was interesting though,
2:49
Speaker 3: a lot of people don't realize that a lot of
2:52
Speaker 3: the things that we use every day, from the cars
2:54
Speaker 3: that we drive, to the clothes that we wear, to
2:56
Speaker 3: the football teams we watched. Interestingly enough, a lot of
2:59
Speaker 3: wealthy people who football teams, that is not their general
3:02
Speaker 3: source of income. That's actually just something they did because
3:06
Speaker 3: it was fun to do. Most NFL owners, NBA team owners,
3:09
Speaker 3: that is not how they got their wealth. They essentially
3:13
Speaker 3: that is just something to do with their money, and
3:15
Speaker 3: they may just have some sort of joy around sports,
3:18
Speaker 3: but they did not build their wealth the majority of
3:20
Speaker 3: them buying the sports team. That is just something extra
3:22
Speaker 3: that they do because they have so much money. But
3:25
Speaker 3: it is it's a completely different world out there. And
3:27
Speaker 3: so the owners and CEOs of these companies that we
3:30
Speaker 3: don't even know exist, they ideally were our clients. Now.
3:35
Speaker 2: So you Howard University, and you said, just as you
3:40
Speaker 2: said casually, I wanted to work on Wall Street, and
3:44
Speaker 2: then you wind up working on Wall Street. How do
3:47
Speaker 2: how does the want and the actual accomplishment happen?
3:53
Speaker 3: I think to be and again, when I was in
3:56
Speaker 3: high school, I wanted to look nice and make a
3:58
Speaker 3: lot of money. I never had visions of running a business.
4:01
Speaker 3: I never was one of those students said I wanted
4:03
Speaker 3: to be my own boss. I always envisioned myself as
4:05
Speaker 3: an African American working on Wall Street. Something prestiged, something
4:09
Speaker 3: high paced, competitive, and I knew that in order to
4:13
Speaker 3: get there, I was competing with the Harvards and the
4:16
Speaker 3: Yales of the world. And so if they were looking
4:18
Speaker 3: for prestigious black individuals, they were coming to Howard University.
4:22
Speaker 3: And so at Howard all of these companies will come
4:24
Speaker 3: to recruit. So I got exposed to the opportunities that
4:27
Speaker 3: these companies had available for the students. And when I
4:31
Speaker 3: got my first internship, and this is interesting, my first
4:34
Speaker 3: internship on Wall Street. I don't know what they pay now,
4:37
Speaker 3: but I know I made ten thousand dollars in the
4:38
Speaker 3: summer time. And so I was nineteen years old making
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Speaker 3: a bunch of money, and I was like, I like this.
4:44
Speaker 3: I like the feeling. I liked the people, I like
4:46
Speaker 3: the environment. I absolutely love New York City. And so
4:49
Speaker 3: whatever I had to do to be in that position
4:52
Speaker 3: post graduation, I did what I needed to do to
4:55
Speaker 3: work on Wall Street. But Howard University played a very
4:57
Speaker 3: big role in exposing me to these companies, to these
5:01
Speaker 3: opportunities to see, hey, that it is actually possible for
5:04
Speaker 3: me to go and have a career on Wall Street
5:07
Speaker 3: in New York City.
5:08
Speaker 1: Cool.
5:08
Speaker 2: Now, with that being said, you're you know, you have
5:11
Speaker 2: a success on Wall Street as an analyst, seeing a
5:14
Speaker 2: lot of people with this generational money, these accounts. What
5:19
Speaker 2: what was running through your mind when you're around something
5:22
Speaker 2: that you see success?
5:24
Speaker 1: But are you really a part of the success.
5:27
Speaker 4: So a couple of thoughts.
5:28
Speaker 3: Trends through my mind. I was in that mert it
5:31
Speaker 3: was exciting, like I just I saw every single thing,
5:35
Speaker 3: every dollar you spent, every I saw everything. But after
5:39
Speaker 3: I would say eight or nine months, I got more
5:42
Speaker 3: joy and had the desire to pick their brain on
5:44
Speaker 3: how they got their money, not teach them how to
5:47
Speaker 3: keep it. But the only issue was that when I
5:49
Speaker 3: would go back home to Philadelphia, people thought I was rich.
5:53
Speaker 3: So because I was making six figures, because I traveled,
5:55
Speaker 3: I wore nice clothes, people thought I had money. And
5:59
Speaker 3: I realized that there was a big disconnect to how
6:01
Speaker 3: our community saw wealth and what wealth really was, and
6:05
Speaker 3: how they thought, how they operated, how they talked their kids,
6:07
Speaker 3: what they read. It's a completely different lifetile and we
6:10
Speaker 3: are oblivious to And I think we shouldn't have to
6:14
Speaker 3: come from money for us to learn about it.
6:16
Speaker 4: You don't.
6:17
Speaker 3: You shouldn't have to choose a career on Wall Street
6:19
Speaker 3: to then see how wealthy people operate, manage and invest
6:22
Speaker 3: their money. So I think it's something that we use
6:24
Speaker 3: every day. So why isn't it given to us and
6:27
Speaker 3: talk to us every day?
6:28
Speaker 2: And so that's why you created the You combined empower
6:31
Speaker 2: and modify and created an educational based organization and created
6:36
Speaker 2: the Health adults. That's me and our children understand financial literacy.
6:41
Speaker 2: What is financial literacy?
6:44
Speaker 3: So the reason I made that word up is because I.
6:47
Speaker 2: Think we know you made it up. Now we know
6:49
Speaker 2: that I was trying to figure out.
6:52
Speaker 3: I was trying to figure out who I was and
6:54
Speaker 3: what I wanted to get to the world. And I
6:57
Speaker 3: was a teacher, I was a psychologist, I was a
6:58
Speaker 3: shoulder to cry on, I was a counselor. I was
7:00
Speaker 3: a lot of things. And it's like, okay, But the
7:03
Speaker 3: feeling that I am bed in the hearts and minds
7:05
Speaker 3: of people is not just about money. It's about the
7:07
Speaker 3: shifting of the mind, because I feel like if your
7:10
Speaker 3: mind is right, your bank account will be right. When
7:13
Speaker 3: you think of wealth, you think of longevity. When you
7:16
Speaker 3: think of rich, you think of a lot of money
7:17
Speaker 3: right now. Wealth is having a lot of money forever.
7:20
Speaker 3: And that is one of the core differences that I
7:22
Speaker 3: saw with our clients. They were worrying about giving money
7:25
Speaker 3: to their kids, kids' kids just so they didn't have
7:28
Speaker 3: to pay taxes on the money, whereas the majority of
7:30
Speaker 3: people in our community are actually waiting for a tax refund,
7:33
Speaker 3: not realizing that whether people don't get tax refunds. They're
7:36
Speaker 3: trying to avoid paying taxes in any way possible and
7:39
Speaker 3: to sustain and keep their wealth to pass it on generation.
7:42
Speaker 3: That's a generation. And so for me, it was like, Okay,
7:45
Speaker 3: how can I build this concept and shift our mindset?
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Speaker 3: Because everything I teach people, whether you're an adult or
7:51
Speaker 3: a child, you can google it, Like what a stock is.
7:53
Speaker 3: You can google those things. There's a mental barrier that
7:56
Speaker 3: stops us from implementing the things that we have access
7:59
Speaker 3: to when the things that we see and for me,
8:02
Speaker 3: emplifies the shifting of the mind. So essentially I give
8:05
Speaker 3: you the education, but I also give you the inspiration
8:08
Speaker 3: to embedding you that you are worthy enough to receive
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Speaker 3: this information, that you are able to do this, that
8:14
Speaker 3: you can invest. So now you're empowered. You got educated,
8:17
Speaker 3: you're empowered. And what that ultimately does it creates a
8:19
Speaker 3: shift in the mind because now you have the information,
8:22
Speaker 3: now you have the inspiration. Now you say, hey, I
8:24
Speaker 3: can do this. I believe in myself enough and I
8:27
Speaker 3: know this can be done, which is where to modify
8:30
Speaker 3: and the transition comes to who we are as a people.
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Speaker 3: So financial education, I mean that's just getting educated around money,
8:35
Speaker 3: but again financial education. You can google and not even
8:38
Speaker 3: have a person present. The problem is that we don't
8:40
Speaker 3: take this information and feel that we are worthy enough
8:43
Speaker 3: of becoming wealthy because we are not surrounded by it. Everything.
8:47
Speaker 4: Well, please don't go anywhere. We'll be right back with
8:50
Speaker 4: more Money Making Conversations Masterclass. Welcome back to the Money
9:03
Speaker 4: Making Conversations Masterclass, hosted by Rashaan McDonald. Money Making Conversations
9:08
Speaker 4: Masterclass continues online at Moneymakingconversations dot com and follow Money
9:13
Speaker 4: Making Conversations Masterclass on Facebook, Twitter, and Instagram.
9:19
Speaker 2: And so, now, what about these people miss Fox who
9:23
Speaker 2: win a lot of Where do they make their mistakes
9:28
Speaker 2: because they go broke or they don't know what to
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Speaker 2: do with the money. What advice would you give them
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Speaker 2: from a financial literacy standpoint to a person who wins
9:35
Speaker 2: the lottery.
9:39
Speaker 3: So I think ideally they lose their money because they're
9:42
Speaker 3: not accustomed to having it. And it's not until you
9:47
Speaker 3: start feeling you are deserving of this lifestyle, that you
9:49
Speaker 3: are grateful for this lifestyle, that your mind can coexist
9:53
Speaker 3: with the money, Because if you're coming from a place
9:55
Speaker 3: of lack, I want the money, I want the money,
9:57
Speaker 3: I want the money I never had, I got to have.
9:59
Speaker 3: I got to send it, do all those things that
10:00
Speaker 3: I didn't get the opportunity to do but I didn't
10:02
Speaker 3: have money. You're coming from a place of lack versus
10:04
Speaker 3: a place of abundant and ideally, if you're putting out
10:07
Speaker 3: lack and the desire to obtain money is coming from
10:09
Speaker 3: a place I need to have it.
10:10
Speaker 2: I got to have it.
10:11
Speaker 3: From a survival standpoint, all you're doing is putting out lack.
10:14
Speaker 3: So now the universe is just going to give you
10:16
Speaker 3: back lack, which is why money gets taken from you.
10:18
Speaker 3: I would say someone who wears a lottery, or not
10:21
Speaker 3: even just someone who has a lottery, who comes across
10:23
Speaker 3: a large amount of money, you have to ask yourself
10:25
Speaker 3: how long do you want this money to last you?
10:27
Speaker 3: Because you can give somebody a million dollars and they
10:30
Speaker 3: can spend a million dollars, and I've seen people spend
10:32
Speaker 3: a million dollars in less than thirty days who have
10:35
Speaker 3: not come from money, And so you have to ask yourself,
10:37
Speaker 3: you come.
10:38
Speaker 2: From money and spend it like that?
10:40
Speaker 4: Right?
10:41
Speaker 2: Right?
10:43
Speaker 3: What is it that I want this money for and
10:45
Speaker 3: how long do I want it to last me? What
10:47
Speaker 3: matters to me, what's important to me. One of the
10:49
Speaker 3: things that I do with my clients in particular is
10:51
Speaker 3: get it all out your system. What do you want
10:53
Speaker 3: to buy, the house, to car, to clothes, whatever it
10:55
Speaker 3: is that you want, get it out of your system,
10:57
Speaker 3: and then put yourself in a position where that money
11:00
Speaker 3: will last you forever. So that's when you're sitting you
11:01
Speaker 3: talk to somebody in finance who can help you open
11:04
Speaker 3: different types of investments, whether it's different types of annuities,
11:08
Speaker 3: or different type of insurance policies, or different types of
11:10
Speaker 3: brokerage accounts. Everyone is different and every age is differ
11:14
Speaker 3: than everyone. The goals are different, but you have to
11:15
Speaker 3: one get it off your system all the things that
11:17
Speaker 3: you want. By no means am I saying, don't go
11:19
Speaker 3: get the things you want. You don't want to look
11:21
Speaker 3: up and you have all these things you want. Two
11:23
Speaker 3: years from now, you're back at the same lifestyle, having
11:26
Speaker 3: no money prior to winning the money that you did receive.
11:28
Speaker 3: And so I think it's prioritizing what matters, writing out
11:32
Speaker 3: your goals, the life that you envision, and sitting with
11:35
Speaker 3: someone before you go blow through everything.
11:38
Speaker 2: It's really interesting because I can agree with her on
11:42
Speaker 2: because when you're in an entertainment business, you get lomps
11:45
Speaker 2: of money and sometimes a large loss of the money,
11:47
Speaker 2: and you just spend money without a plan. And I
11:50
Speaker 2: think that's the key. I can remember having cars and
11:55
Speaker 2: I'm going, like, what am I doing with all these cars?
11:58
Speaker 2: And leasing cars? And that means that in the least,
12:01
Speaker 2: I don't even own it. But I'm paying like two
12:03
Speaker 2: three thousand dollars a month on just monthly leases, you know.
12:06
Speaker 2: But I'm telling myself, I can write this all my
12:08
Speaker 2: taxes because I bought it another business. But in the end,
12:11
Speaker 2: I don't have the vehicle. So there's a lot of
12:13
Speaker 2: things you can get out there when you have money
12:15
Speaker 2: that you can just spend it, and it trivializes itself
12:19
Speaker 2: because if you don't think about next month, next year,
12:23
Speaker 2: five years from now, then guess what, you're making a
12:25
Speaker 2: big mistake when you are living in a lifestyle where
12:28
Speaker 2: money is coming towards you. Now, the everyday person doesn't
12:31
Speaker 2: understand that because either they live and check the check,
12:33
Speaker 2: or they trying to survive, or they barely have a
12:35
Speaker 2: savings account. Now you what type of people are you
12:38
Speaker 2: dealing with?
12:39
Speaker 1: What type of people are.
12:40
Speaker 2: You coaching ms Fox, are you talking about everyday people?
12:44
Speaker 2: Are people who have a certain financial pool of success.
12:48
Speaker 3: No, so don't. I don't turn people away. I think
12:51
Speaker 3: one of the things I don't do during my time
12:53
Speaker 3: as a financial lisor, I don't solicit because when people
12:57
Speaker 3: are ready, they will come. And for me, I've never said, hey,
13:01
Speaker 3: come work with me, come get your money in order.
13:03
Speaker 3: When people are ready and they've exhausted all options, have
13:06
Speaker 3: made all the mistakes that they could possibly have made themselves,
13:08
Speaker 3: they will surrender and ask for help. And to be honest,
13:11
Speaker 3: if you would have if you could have gotten it,
13:14
Speaker 3: you would have been a different person today. So who
13:16
Speaker 3: you are there has gotten this far. So in order
13:18
Speaker 3: to be somebody different, you have to do different and
13:20
Speaker 3: people have to be ready to receive that. But for me,
13:23
Speaker 3: I don't turn anybody away. Ideally, I just work with
13:26
Speaker 3: people who want to learn how to make financially educated decisions,
13:30
Speaker 3: so they are looking to get the education behind that.
13:33
Speaker 3: And I truly believe when people are ready, when they
13:36
Speaker 3: realize that, you know, I've made every mistake in the book,
13:39
Speaker 3: I'm exhausted, I'm frustrated. Somebody has to help me. They're
13:42
Speaker 3: taking the risk on them. But it's easier to work
13:45
Speaker 3: with people who want help as opposed to telling someone
13:47
Speaker 3: you need help, because when you tell someone you need
13:50
Speaker 3: they need help, it's actually more so offensive to them.
13:52
Speaker 3: So when people are ready, they'll they reach out, and
13:56
Speaker 3: if not, they'll get referred or things like that. But
13:58
Speaker 3: I've never said, hey, you need to get your life
14:00
Speaker 3: an order, because it's a touchy subject. When people are
14:03
Speaker 3: ready to get their life of order, and they see
14:04
Speaker 3: the opportunity or they see someone or something that could
14:07
Speaker 3: help them, they will make it a priority to get
14:10
Speaker 3: themselves better financially.
14:11
Speaker 2: Because you are talking to successful people, and one thing
14:14
Speaker 2: about a successful person, You don't want to tell them
14:16
Speaker 2: they're dumb or they're making the mistakes. You know. You
14:19
Speaker 2: want to coach them through the process and go, let's
14:21
Speaker 2: look at it this way.
14:22
Speaker 1: How have you considered this? How about this?
14:25
Speaker 2: You never just go right in you should do this
14:28
Speaker 2: all major pushback. But if you say, have you considered this,
14:31
Speaker 2: here are some options. Those are terms that if you're
14:35
Speaker 2: good at what you do and she knows I'm telling
14:36
Speaker 2: us the truth, those are the terms you have to
14:38
Speaker 2: talk to when you're talking to successful people, especially when
14:40
Speaker 2: you're talking about their money and what they've done with
14:42
Speaker 2: their money. Now, let's talk about ways to invest in.
14:45
Speaker 2: How to start, and it is starting in the stock market.
14:48
Speaker 1: The key to starting.
14:51
Speaker 3: Well, if you get down to the root of every
14:53
Speaker 3: type of investment, pretty much every type of investment, it
14:56
Speaker 3: is all rooted in connected to the stock market world way,
14:58
Speaker 3: shape or form. Those people don't know if those retirement plans,
15:02
Speaker 3: those pensions, the hospitals you go to, they all take
15:05
Speaker 3: their money and it's being invested somewhere. So people one
15:10
Speaker 3: need to realize that saving is not going to build
15:12
Speaker 3: you wealth. Investing will. Saving will keep your money safe,
15:15
Speaker 3: but it is not going to increase your network by
15:17
Speaker 3: any means. And I think we have this mindset of
15:20
Speaker 3: I have to have money, I have to keep money,
15:22
Speaker 3: have to save money. That's a fear driven mentality, and
15:25
Speaker 3: that's coming from a place of lax of All you're
15:27
Speaker 3: focusing on is fear. All you're going to attract is
15:30
Speaker 3: all the things that you are scared of. When it
15:32
Speaker 3: comes to invest in, The easiest way I always tell
15:35
Speaker 3: people is to buy what you know. Once you understand
15:37
Speaker 3: the core of the stock market, which ideally is just
15:39
Speaker 3: a piece of ownership of a company. You essentially are
15:42
Speaker 3: investing small pieces of your money in large businesses, and
15:46
Speaker 3: so the easiest way to start is to buy what
15:49
Speaker 3: you know. One of the exercises I often do with
15:52
Speaker 3: my students and with adults is make a list of
15:54
Speaker 3: everything you spend your time or money on, So from
15:56
Speaker 3: the water you drink, the car you drive, the food
15:58
Speaker 3: you eat, the clothes you wear, the social media apps
16:01
Speaker 3: you use, the phone you use, your cable company. All
16:03
Speaker 3: these companies are making money off of your consumption. And
16:06
Speaker 3: especially specifically in the black community, we have a one
16:09
Speaker 3: point three trillion dollar buying power, which means that after
16:11
Speaker 3: all of our bills are paid, there's one point three
16:14
Speaker 3: trillion dollars being given to some company because we always
16:19
Speaker 3: the consumer, and so as opposed to giving our money away,
16:23
Speaker 3: sidn't think about how much does it cost to own
16:25
Speaker 3: a piece of this company. Because a lot of the
16:27
Speaker 3: large companies that we utilize every day are publicly traded
16:31
Speaker 3: companies and you are able to buy stocks. So, for instance, Apple,
16:34
Speaker 3: it costs more to own the new Apple iPhone than
16:37
Speaker 3: it does to own a piece of Apple as an
16:39
Speaker 3: entire company. And a lot of the beverages that we drink.
16:45
Speaker 3: You have no idea everything you touch and feel and
16:48
Speaker 3: consume is a company. Someone is making money from the
16:51
Speaker 3: chair you're sitting on. Somebody made that chair, and someone
16:55
Speaker 3: bought that chair because they knew you were going to
16:57
Speaker 3: sit on it. Because you are using that chair, that
17:00
Speaker 3: company makes money. We need to have a proactive mindset
17:03
Speaker 3: on should I cannot go invest in this company? And
17:06
Speaker 3: if you're loyal to the brand on a consistent basis,
17:09
Speaker 3: they are consistently getting your consumption, your money, or your time.
17:13
Speaker 3: And I think what wealthy people value is ownership versus spending.
17:17
Speaker 3: In the black community, most specifically, we want to look good.
17:20
Speaker 3: We want to feel good because deep down the side,
17:22
Speaker 3: we don't always feel like we are good. Not realizing
17:25
Speaker 3: that these fortune five hundred companies are here because of
17:30
Speaker 3: what we spend our time and money on. Not saying
17:32
Speaker 3: that it's bad to spend, but if you can't buy
17:35
Speaker 3: it twice, you can't afford it. If you can't invest
17:38
Speaker 3: it twice, you shouldn't be buying it.
17:39
Speaker 4: And so in this case, it's not.
17:40
Speaker 3: Just buy the product, it's also owned stock in the
17:43
Speaker 3: company that makes the products that we are always using.
17:46
Speaker 2: As people MS Fox You too smart. I'm telling you,
17:50
Speaker 2: I'm Jason, I'm a smart guy. Now, I'm Jay Zone.
17:52
Speaker 2: You're boring the phone talking to you? Pretty smart now?
17:56
Speaker 2: And you pretty you. I'm tell you something I always liked.
18:02
Speaker 2: I always tell people why when they're smarter than me,
18:04
Speaker 2: I gotta applaud them. Girl, you got it going on.
18:07
Speaker 1: And but your logic.
18:09
Speaker 2: But your logic, because I've heard all these things and
18:11
Speaker 2: it's now, do you I know we running out of
18:13
Speaker 2: time on quick? Do you manage a fund?
18:16
Speaker 3: No?
18:17
Speaker 4: I do not.
18:17
Speaker 3: I purely am education.
18:20
Speaker 2: You should you should manage your fund. You should manage
18:23
Speaker 2: I'm just telling you. You know what they're talking about.
18:25
Speaker 1: You should.
18:25
Speaker 2: You should start your own fund. And guess who be
18:27
Speaker 2: the first one following you in Rashan McDonough following you
18:30
Speaker 2: in deep. I'm just telling you, you know that's where
18:32
Speaker 2: the money at. So you need to consider that because
18:35
Speaker 2: you are a special young lady. You are special. You
18:38
Speaker 2: got because your articulation, your your I mean, you don't
18:42
Speaker 2: stutter when you talk. That's key when you when people.
18:44
Speaker 2: You don't want nobody to stutter when they talking about
18:46
Speaker 2: your money. You want clarity. You know she ain't she
18:48
Speaker 2: don't break stride, she's be rolling. Do this, do this
18:52
Speaker 2: iPhone because you can buy stock because it's cheaper than iPhone.
18:55
Speaker 2: That's true, Apple stock on twenty nine iPhone. You know
18:59
Speaker 2: I could have like six six shares iPhone. Stop so good,
19:03
Speaker 2: but we got to go. Mits Fox, you know you're
19:05
Speaker 2: coming back on the show. You know that, right? Yes,
19:08
Speaker 2: all right, you stay strong, you keep winning This Rashan
19:10
Speaker 2: McDonald and Miss Ashley M.
19:11
Speaker 1: Fox. This has been another edition of Money Making Conversation
19:16
Speaker 1: Masterclass hosted by me Rushawn McDonald. Thank you to our
19:19
Speaker 1: guests on the show today and thank you for listening
19:22
Speaker 1: to audience now. If you want to listen to any
19:24
Speaker 1: episode I want to be a guest on the show,
19:27
Speaker 1: visit Moneymakingconversations dot com. Our social media handle is money
19:31
Speaker 1: Making Conversation. Join us next week and remember to always
19:34
Speaker 1: leave with your gifts.
19:36
Speaker 2: Keep winning,