Latest / The Steve Harvey Morning Show / Financial Tips: Debit Cards vs Credit Cards. How to improve your buying power!

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Financial Tips: Debit Cards vs Credit Cards. How to improve your buying power! · The Steve Harvey Morning Show

• 0:05
  Speaker 1: Welcome to the show.
• 0:06
  Speaker 2: I'm Rashwan MacDonald, the host of Money Making Conversations Masterclass,
• 0:10
  Speaker 2: where we encourage people to stop reading other people's success
• 0:13
  Speaker 2: stories and.
• 0:14
  Speaker 1: Start planning their own.
• 0:16
  Speaker 2: Listen up as I interview entrepreneurs from around the country,
• 0:19
  Speaker 2: talk to celebrities and ask them how they are running
• 0:22
  Speaker 2: their companies, and speak with god profits who are making
• 0:25
  Speaker 2: a difference in their local communities. Now, sit back and
• 0:28
  Speaker 2: listen as we unlock the secrets to their success on
• 0:31
  Speaker 2: Money Making Conversations Masterclass. My next guest is George Fraser,
• 0:37
  Speaker 2: called him Doctor George C.
• 0:38
  Speaker 1: Fraser.
• 0:39
  Speaker 2: He's a chairman and CEO of Fraser Net, a company
• 0:42
  Speaker 2: founded over thirty years ago. Doctor George Fraser renowned networking guru,
• 0:47
  Speaker 2: business leader, author and entrepreneur who is regarded as one
• 0:50
  Speaker 2: of the foremost respected authorities on entrepreneurship and building generational
• 0:55
  Speaker 2: wealth and economic empowerment for the Black community. He will
• 0:59
  Speaker 2: be talking about his annual Power Networking conference plus give
• 1:03
  Speaker 2: us some great value about how we could be successful
• 1:05
  Speaker 2: in our own everyday life. Please welcome to Money Making Conversation,
• 1:09
  Speaker 2: Doctor George C.
• 1:10
  Speaker 1: Fraser.
• 1:11
  Speaker 3: Oh God bless you. Good to hear you.
• 1:14
  Speaker 4: I love it.
• 1:15
  Speaker 3: I always I've always loved the energy and your voice. Hell,
• 1:18
  Speaker 3: you motivate me, and I'm a motivator.
• 1:20
  Speaker 2: Well you know that always a company because you know
• 1:22
  Speaker 2: you It's like, you know, I'm sure when Michael Jordan
• 1:25
  Speaker 2: got on the court and I call you Michael Jordan, Now.
• 1:27
  Speaker 1: It ain't U, Sean McDonald.
• 1:29
  Speaker 2: I just thought myself to be a little bit.
• 1:31
  Speaker 5: Uh.
• 1:32
  Speaker 1: I'm not even gonna say Lebron. I'm not even Lebron.
• 1:35
  Speaker 2: But you Michael Jordan, Doctor George Fraser, understand that man
• 1:38
  Speaker 2: well respected in this business of entrepreneurship because you all know,
• 1:43
  Speaker 2: like now, entrepreneurs almost become a fad, just like the
• 1:46
  Speaker 2: word branding has become a fad. But you know you
• 1:49
  Speaker 2: started this whole networking in a relationship before it was
• 1:53
  Speaker 2: even volgue talk about how it was when we started
• 1:57
  Speaker 2: the Fraser networking and not how it is now, especially
• 2:00
  Speaker 2: with social media being so prevalent in the process of networking.
• 2:04
  Speaker 3: Yeah, that's an excellent point for Sean. Social media has
• 2:08
  Speaker 3: helped all of us to stay connected, to get connected,
• 2:13
  Speaker 3: and to leverage more effectively our collective resources and intellectual capital.
• 2:19
  Speaker 3: And so I love it. It has really helped to spread
• 2:23
  Speaker 3: the word about economic development and wealth creation has helped us,
• 2:27
  Speaker 3: in fact, to understand the rules for financial success. I
• 2:33
  Speaker 3: mean I say there are three basic rules. There are
• 2:35
  Speaker 3: three basic rules that will if you're looking for financial freedom.
• 2:41
  Speaker 3: If you follow these three basic rules, there's no way
• 2:45
  Speaker 3: that you can go wrong. Rule Number one, your rent
• 2:49
  Speaker 3: or mortgage should be less than what you make in
• 2:51
  Speaker 3: a week. I cannot tell you how many black people
• 2:54
  Speaker 3: are house for your rent or mortgage should be no
• 2:57
  Speaker 3: more than you make in a week. So if you
• 2:59
  Speaker 3: have a household income, you combine the income for a week,
• 3:04
  Speaker 3: and your rent or mortgage should be no more than that.
• 3:07
  Speaker 3: That's number one. Number two, only borrow money to make money.
• 3:12
  Speaker 3: So yes, you can borrow money to buy a house,
• 3:15
  Speaker 3: because if you keep your house, it is going to
• 3:18
  Speaker 3: make money. There's nothing wrong with that. If you're borrowing
• 3:21
  Speaker 3: money to buy a car, unless you're turning that car
• 3:25
  Speaker 3: into a useful and utilitarian tool to help you make
• 3:30
  Speaker 3: money get back and forth to work or do whatever
• 3:33
  Speaker 3: you need to do. That's a good thing, but it's
• 3:36
  Speaker 3: a depreciating asset rashon because the moment you buy that car,
• 3:39
  Speaker 3: if you turn that car around and try to take
• 3:42
  Speaker 3: it back to the dealer to get what you paid for,
• 3:44
  Speaker 3: you would not get it.
• 3:45
  Speaker 2: It'd be a fot on the showroom floor.
• 3:50
  Speaker 3: That's right, exactly same thing with diamonds, Rashan. You can
• 3:53
  Speaker 3: buy you a beautiful diamond bracelet. If you turned around
• 3:56
  Speaker 3: and try to sell it back to the jewel for
• 3:59
  Speaker 3: what you just stay for it, you will not get it.
• 4:01
  Speaker 3: So borrow money to make more money and figure out
• 4:06
  Speaker 3: whatever you're borrowing money for. How are you going to
• 4:09
  Speaker 3: get something in return for your investment? And that's what
• 4:12
  Speaker 3: you expect. You expect a return on your investment.
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  Speaker 5: That's so.
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  Speaker 3: That's number two and number three. This is deep. As
• 4:20
  Speaker 3: your income increases, your cost of living should decrease or
• 4:28
  Speaker 3: stay the same. Stop living brothers and sisters above your means.
• 4:34
  Speaker 3: Stop living which means you're spending more than your earn.
• 4:37
  Speaker 3: Stop living even within your means, which means you're spending
• 4:41
  Speaker 3: everything you earn, and live below your means, and invest
• 4:47
  Speaker 3: the rest. Right, So, as your income increases, your cost
• 4:51
  Speaker 3: of living should either decrease or stay the same. Do
• 4:57
  Speaker 3: not raise your cost of living. In course, you got
• 5:00
  Speaker 3: to raise take that difference between what you were earning
• 5:04
  Speaker 3: and what you're now earning and invest in, don't spend it.
• 5:10
  Speaker 3: And the first person you invest in is you. Tithes
• 5:16
  Speaker 3: to you first, take the money off the top, don't
• 5:21
  Speaker 3: spend what you have to spend to pay your bills,
• 5:23
  Speaker 3: and then invest what you got left. No no, no, no
• 5:26
  Speaker 3: no no no. Invest in you first. And then if
• 5:31
  Speaker 3: you follow these three rules, there's no way that you
• 5:35
  Speaker 3: cannot land on financial freedom.
• 5:38
  Speaker 1: And that's what we're all talking about, financial freedom.
• 5:40
  Speaker 3: We're suing. There's six habits that will keep us broke.
• 5:42
  Speaker 3: There's six habits that will keep you broke. Right, not
• 5:46
  Speaker 3: talking about money. Right, we don't talk about it in school,
• 5:50
  Speaker 3: We generally don't talk about it around the family table.
• 5:53
  Speaker 3: That'll keep you broke. You've got to talk about money.
• 5:57
  Speaker 3: Understand capitalism, understand money. So talking about money will help
• 6:03
  Speaker 3: prevent you from keeping broke. Talking about it around the
• 6:06
  Speaker 3: family table, talking about it among your friends is more
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  Speaker 3: important than what's happening on Real Housewives of Atlanta. Okay,
• 6:13
  Speaker 3: Number two, failing to build an emergency fund. Now, we've
• 6:19
  Speaker 3: all been taught that we need to save some money
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  Speaker 3: for a rainy day, So failing to build an emergency fund,
• 6:27
  Speaker 3: for more than six months. I would look at it now,
• 6:30
  Speaker 3: for at least a year. What does it take for
• 6:33
  Speaker 3: you to live to re maintain your standard of living
• 6:36
  Speaker 3: for at least twelve months? Right, and make sure that
• 6:40
  Speaker 3: you have that as cash available to you. Number three
• 6:44
  Speaker 3: making impulse purchases. Let me say it a different way.
• 6:48
  Speaker 3: I would rather carry a plastic bag with five thousand
• 6:51
  Speaker 3: dollars in it than to carry a five thousand dollars
• 6:53
  Speaker 3: Louis VI Tom bag with one hundred dollars in it.
• 6:55
  Speaker 3: Stop making impulse purchases, right, that's going to drain you
• 7:01
  Speaker 3: of your cash available. Number four buying items you don't
• 7:07
  Speaker 3: need because they are on sale. Now I have to
• 7:10
  Speaker 3: chastise my wife often about this dollard. Why do you buy? Well,
• 7:13
  Speaker 3: it was on sale, I said, but you already got
• 7:15
  Speaker 3: three of them, right, So buying stuff that you don't need.
• 7:20
  Speaker 3: Manage your impulse buying. And Number five paying bills late
• 7:26
  Speaker 3: because of the exorbitant interest rates. When you pay your
• 7:30
  Speaker 3: bills late, especially those credit cards, Man, you look at
• 7:34
  Speaker 3: the annual interest rate on these credit cards and if
• 7:37
  Speaker 3: you're paying the minimum that you have to pay each
• 7:40
  Speaker 3: month on the you will never pay that credit card off.
• 7:44
  Speaker 6: Interest move that's right, absolutely, You'll never pay it off, right,
• 7:51
  Speaker 6: So don't pay your bills late, don't pay the minimums.
• 7:56
  Speaker 3: Always pay more. I try to pay double to triple
• 8:01
  Speaker 3: the minimum. Five months, I'm I might pay twenty five
• 8:05
  Speaker 3: percent of what I owe. So that's number five. Don't
• 8:09
  Speaker 3: pay bills late and don't pay minimums is the beautiful
• 8:12
  Speaker 3: point you made. And number six the improper use of
• 8:15
  Speaker 3: credit cards. The improper use of credit cards. Fifteen years ago,
• 8:20
  Speaker 3: I cut up all of my I have no credit cards.
• 8:24
  Speaker 3: What I have are debit cards that are attached to
• 8:28
  Speaker 3: my bank account for Sean, and I cannot spend any
• 8:32
  Speaker 3: more than I have in my damn checking account. So
• 8:36
  Speaker 3: you know, I'm thinking about every time I use my
• 8:39
  Speaker 3: debit card. And I got three or four of them
• 8:42
  Speaker 3: because I have various banks for various needs. But I
• 8:45
  Speaker 3: can never spend any more than I have available right now, right,
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  Speaker 3: So improper use of So these are habits that keep
• 8:56
  Speaker 3: us broke. And we are also the most financially illiterate
• 9:01
  Speaker 3: people in America. We are at the bottom of every
• 9:04
  Speaker 3: single statistic that matters in this country economically, and so
• 9:09
  Speaker 3: we need to educate ourselves, educate our children. This is
• 9:13
  Speaker 3: related to talking about money, and as a result of that,
• 9:17
  Speaker 3: as a responsible leader in this country as you are,
• 9:23
  Speaker 3: we started our Wins Wealth Building Centers to address financial
• 9:29
  Speaker 3: illiteracy in Black America because if the business of America
• 9:32
  Speaker 3: is business, it is dangerous, rashwan and self defeating to
• 9:37
  Speaker 3: be financially illiterate. Therefore, education is the answer. The key
• 9:42
  Speaker 3: to a well rounded financial education is to align people's mindsets,
• 9:48
  Speaker 3: their habits, their values and solutions with the importance of
• 9:52
  Speaker 3: the overall goals of Black America, or according to numerous
• 9:57
  Speaker 3: analytical statistics and studies and addictions, we will ultimately if
• 10:02
  Speaker 3: we don't fix our financial badass habits right, we will
• 10:08
  Speaker 3: be relegated to permanent second class citizenry and we will
• 10:12
  Speaker 3: end up in a second slavery. So we develop in
• 10:17
  Speaker 3: twenty eighteen the Winds Wealth Building Centers and curriculum to address,
• 10:21
  Speaker 3: among other things, the psychology, the emotions, and our relationship
• 10:26
  Speaker 3: with money in both the secular and non secular Black organizations,
• 10:31
  Speaker 3: both the church and other Black organizations. And we're softly
• 10:34
  Speaker 3: focusing on our deep seat to struggle with instant versus
• 10:39
  Speaker 3: delayed gratifications one of the very bad habits that we have,
• 10:43
  Speaker 3: and we're struggling with the basics of financial growth to include,
• 10:49
  Speaker 3: but is not limited to, the four pillars for the
• 10:52
  Speaker 3: intergenerational transfer of wealth. That is the essence of our
• 10:56
  Speaker 3: Wins Financial centers, and we've got over twenty Church is
• 11:00
  Speaker 3: already involved with our curriculum and with our program. But
• 11:04
  Speaker 3: the four pillars very simply are the proper management of
• 11:07
  Speaker 3: accumulated wealth so that we can stop reading about entertainers
• 11:10
  Speaker 3: and athletes that earn one hundred million dollars in their
• 11:13
  Speaker 3: career and within five years they're either broke or in bankruptcy.
• 11:17
  Speaker 3: The second pillar is real estate ownership, both residential and
• 11:22
  Speaker 3: commercial real estate. It is a hornys stone for the
• 11:25
  Speaker 3: intergenerational transfer wealth. The fourth food is business development. We
• 11:30
  Speaker 3: are the consumption class in this country, white folks, or
• 11:33
  Speaker 3: the merchant class. They make stuff and we buy. Stop
• 11:37
  Speaker 3: doing that, brothers and sisters. If you sell something, sell
• 11:40
  Speaker 3: something in America, two things are going When twenty four
• 11:43
  Speaker 3: to seven somebody's buying and somebody selling. We're doing all
• 11:47
  Speaker 3: the day I'm buying. So if you bake cookies, you know,
• 11:50
  Speaker 3: put them in a box put your name on it
• 11:52
  Speaker 3: and sell it to somebody. Right, if you live on
• 11:54
  Speaker 3: a farm, take them manure. Put it in a bag,
• 11:57
  Speaker 3: put your name on it, and sell it to somebody.
• 12:00
  Speaker 3: That you can become an entre manure. Okay, stop doing
• 12:03
  Speaker 3: all the day I'm buying and sell something. This is
• 12:06
  Speaker 3: extremely important. On this I'll give one final little quote
• 12:10
  Speaker 3: by Bishop Tutor, Bishop Tutor Bismarck. He wrote a wonderful
• 12:15
  Speaker 3: book called Kingdom Economics, and I'm going to quote you,
• 12:19
  Speaker 3: and he says, as black people, we have embarked upon
• 12:24
  Speaker 3: a new millennium, and this millennium brings momentous change, receive
• 12:30
  Speaker 3: differences in every facet of society, cultural shifts, economic upheavals,
• 12:34
  Speaker 3: political changes, and more. As believers, it is imperative not
• 12:40
  Speaker 3: only must we be spiritually sound, but we must also
• 12:44
  Speaker 3: establish a firm kingdom economic foundation. We must now unlock
• 12:51
  Speaker 3: the keys to economic empowerment well and to quote, I
• 12:56
  Speaker 3: can quote with that. And so I'm recommending that brothers
• 13:00
  Speaker 3: and sisters out there, if you belong to a church family,
• 13:04
  Speaker 3: talk to your pastor get in touch with us and
• 13:07
  Speaker 3: put a wins wealth building center. It's a little license
• 13:10
  Speaker 3: agreement and use our curriculum and start educating your congregation.
• 13:15
  Speaker 3: You'll have a better congregation. You will have a more
• 13:19
  Speaker 3: financial free congregation. They'll be better tithes, they'll be better givers.
• 13:24
  Speaker 3: So this is a very, very big and important idea
• 13:27
  Speaker 3: that must be sustained over at least three or the
• 13:30
  Speaker 3: next three or four generations.
• 13:32
  Speaker 1: So that's that's important.
• 13:34
  Speaker 4: Yeah, please don't go anywhere. We'll be right back with
• 13:37
  Speaker 4: more Money Making Conversations Masterclass. Welcome back to the Money
• 13:47
  Speaker 4: Making Conversations Masterclass, hosted by Rashaan McDonald.
• 13:51
  Speaker 2: The Power Networking Conference has been the home of black
• 13:53
  Speaker 2: entrepreneurs looking to connect. That's important when I say connect,
• 13:57
  Speaker 2: grow and prosper. Forbes voted as voted it as one
• 14:00
  Speaker 2: of the top five conferences in the world for entrepreneurs.
• 14:03
  Speaker 2: They pride themselves on unique philosophy of network and building
• 14:06
  Speaker 2: a financial legacy for your grandchildren.
• 14:08
  Speaker 1: And this is about the future.
• 14:09
  Speaker 3: And the reason I love it is because we launched
• 14:13
  Speaker 3: at our conference the first virtual nation, called Fraser Nation.
• 14:20
  Speaker 3: It was a virtual and this is before the pandemic.
• 14:22
  Speaker 3: So I'm not you know, I'm not a soothsayer. I
• 14:25
  Speaker 3: can't predict the future. I was not predicting a pandemic
• 14:29
  Speaker 3: that would make everything go virtual. But I said, I
• 14:31
  Speaker 3: think we could have a virtual nation, right, And it's
• 14:37
  Speaker 3: very simply provide access to overall training and coaching and
• 14:44
  Speaker 3: modeling that is needed by our citizens and therefore help
• 14:48
  Speaker 3: improve the recycling of black dollars and intellectual capital among
• 14:53
  Speaker 3: our citizens and allies. It's this massive database of pop
• 14:58
  Speaker 3: black professionals, business owners and community leaders right access the
• 15:02
  Speaker 3: intellectual capital, access the products and services that black people
• 15:07
  Speaker 3: sell around the world, right, and then the entire Pan
• 15:11
  Speaker 3: African diaspora when you look at the businesses that we
• 15:16
  Speaker 3: own and we're not supporting like we should support. So
• 15:21
  Speaker 3: this helped the connectivity of that. And they provide this
• 15:26
  Speaker 3: kind of database and virtual meetings and virtual conferences and
• 15:32
  Speaker 3: virtual summits and virtual workshops, right because virtual ain't going away.
• 15:40
  Speaker 2: That's why I'm saying, because a lot of people don't
• 15:42
  Speaker 2: understand that is that you can't look at it as
• 15:44
  Speaker 2: being negative and being negative because there's a brick and
• 15:47
  Speaker 2: mortar and the goals of frasing that are simple. Help
• 15:49
  Speaker 2: black people build wealth that can be transferred into generational
• 15:53
  Speaker 2: wealth opportunity for the future, help black people become the
• 15:56
  Speaker 2: number one employer of black people in the twenty first century.
• 16:00
  Speaker 2: Facility building a global network of Africans throughout the diaspora
• 16:04
  Speaker 2: whose focus is personal and business excellent and using it
• 16:08
  Speaker 2: to build partnerships, joint ventures, and strategic alliances. That's very
• 16:12
  Speaker 2: key right now now networking, right now.
• 16:15
  Speaker 3: The whole virtual thing has been normalized, right, yes, normally.
• 16:20
  Speaker 1: That's what I love it, George.
• 16:21
  Speaker 2: I'm so excited. I am so excited for your brand
• 16:25
  Speaker 2: because you know, we stumbled upon because of the COVID
• 16:29
  Speaker 2: nineteen the real purpose because you know, not that.
• 16:33
  Speaker 1: We didn't know, we didn't know. You know, we were
• 16:35
  Speaker 1: just doing what everybody do.
• 16:36
  Speaker 2: You know, IBM does it, all the big corporation do
• 16:39
  Speaker 2: these brick and mortar. But you had to be trained,
• 16:42
  Speaker 2: and the pandemic trained people to look at TV to zoom,
• 16:46
  Speaker 2: Instagram live, Facebook live.
• 16:48
  Speaker 1: So everybody's there. Now your brand is.
• 16:51
  Speaker 3: You go there, you go, there, you go there, you go,
• 16:55
  Speaker 3: no question about it. And with brothers like you promoting it,
• 16:58
  Speaker 3: I'm telling you this is very important. You're doing what
• 17:01
  Speaker 3: you're saying, your reach or your credibility, uh, the way
• 17:05
  Speaker 3: people trust you, I mean this is this is this
• 17:09
  Speaker 3: is this is the goal standard for how we get
• 17:13
  Speaker 3: this out and used by our people. We've got to
• 17:17
  Speaker 3: have people like you talking about it. And you talk
• 17:22
  Speaker 3: about it better than I do. I mean, you know
• 17:25
  Speaker 3: what because you see it, you see it, You see it.
• 17:28
  Speaker 3: You're a visionary, you see it. You know what the
• 17:31
  Speaker 3: possibilities are. You know that we have to do this.
• 17:34
  Speaker 3: We don't have any choice. Have to do Yeah, what
• 17:39
  Speaker 3: we have to do is create the instruments, the vessels
• 17:43
  Speaker 3: and the tools for us to do it and then
• 17:46
  Speaker 3: move it through uh that our marketing and advertising, radio, television,
• 17:55
  Speaker 3: social media system that is so targeted and so actively
• 18:00
  Speaker 3: utilized by black people. Man, it will it will work.
• 18:04
  Speaker 3: There is some question about it.
• 18:05
  Speaker 2: I want everybody to understand that that means that you
• 18:07
  Speaker 2: can be in Africa, you can be in English, you
• 18:10
  Speaker 2: can be in France, you can be in Mexico, you
• 18:13
  Speaker 2: can be in Canada, and now you can participate in
• 18:16
  Speaker 2: this conference.
• 18:18
  Speaker 1: And that why is so important that we tell everybody this.
• 18:22
  Speaker 2: I want you to take off your little narrow hats
• 18:25
  Speaker 2: by how can I participate?
• 18:27
  Speaker 1: You don't have to get on the plane.
• 18:28
  Speaker 2: This has been conceptionalized to be very network friendly for
• 18:32
  Speaker 2: all the things that he's always talked about, meet millionaires,
• 18:35
  Speaker 2: potential partners, investors, and build your network workshop speaks. All
• 18:39
  Speaker 2: these registration, student registration, all VP registration, Ultra VIP registration,
• 18:44
  Speaker 2: all these things, seminars, all these things are available virtually.
• 18:49
  Speaker 2: That's amazing to me that you know you don't fire up.
• 18:53
  Speaker 3: I mean, just think about that. I mean, when is
• 18:55
  Speaker 3: the last time Black.
• 18:57
  Speaker 5: People from all over the diaspora we're able to come
• 19:01
  Speaker 5: together around a common vision right with instruction, motivation. Some
• 19:06
  Speaker 5: of the best and baddest speakers and preachers on the planet,
• 19:10
  Speaker 5: The Reverend of Freddie Hayes coastes our talk every year.
• 19:15
  Speaker 5: Jamal Bryant opens the talk every year, and and I
• 19:18
  Speaker 5: mean we can just voice Watkins, it will be there
• 19:21
  Speaker 5: so we can go down the list.
• 19:24
  Speaker 3: It's just incredible. If you want to know more about
• 19:28
  Speaker 3: the Virtual Power Networking Conference, just go to uh www
• 19:33
  Speaker 3: Power Networking Conference dot com. Www Powernetworking Conference dot com.
• 19:38
  Speaker 3: If if in fact you can't find a link or
• 19:41
  Speaker 3: something that, just email me. Just email me very simply
• 19:45
  Speaker 3: a gphraser F R A S S and sam E
• 19:48
  Speaker 3: r f frasernet dot com Gfraser F frasernet dot com
• 19:53
  Speaker 3: and I'll make sure you get everything you need to
• 19:55
  Speaker 3: know to.
• 19:57
  Speaker 2: In fact, C Phraser, he's a renowned networking Gurul chairman
• 20:03
  Speaker 2: and CEO. You're never emailing just anybody, not an assistant doctor.
• 20:07
  Speaker 1: George C. Fraser, that's who you're internet.
• 20:09
  Speaker 2: Renowned networking Gurule chairman and CEO of Fraser Net, a
• 20:12
  Speaker 2: company he founded over thirty two years ago to lead
• 20:15
  Speaker 2: global networking and economic development movement for people of African descent.
• 20:20
  Speaker 1: That's fraser Net.
• 20:22
  Speaker 2: A belief that we should be in the game, not
• 20:25
  Speaker 2: as buyers, but as sellers people product, put your name
• 20:30
  Speaker 2: on something, become an entrepreneur, telling you how you can
• 20:33
  Speaker 2: become an entrepreneur, putting a plan in place so you
• 20:35
  Speaker 2: can win. Not only is just short term, long term
• 20:38
  Speaker 2: because that's what this is all about. Because everybody go
• 20:40
  Speaker 2: out there, they want to do something, they'll have a
• 20:42
  Speaker 2: plan in place. That's short term success. We're trying to
• 20:44
  Speaker 2: create long term success a fraser Net.
• 20:47
  Speaker 1: That's why it's virtual.
• 20:48
  Speaker 2: That's why he's always on my show is one I
• 20:51
  Speaker 2: feel blessed I'm able to bring somebody of his caliber
• 20:53
  Speaker 2: on my show.
• 20:54
  Speaker 1: He always be hyping me up.
• 20:55
  Speaker 2: I be hyped because he's one of the few people
• 20:57
  Speaker 2: I just let him talk. You interrupt periodically, just drop
• 21:01
  Speaker 2: some dimes.
• 21:02
  Speaker 1: Remind everybody how.
• 21:03
  Speaker 2: Gifted it is to hear him talk like this, because
• 21:07
  Speaker 2: your beliefs and your values means something to people. What
• 21:10
  Speaker 2: I like to always say is that that's why I'm
• 21:12
  Speaker 2: excited about the virtual event, phrasing that because you just
• 21:16
  Speaker 2: a hiding gym. Your network's not saying that you're not
• 21:19
  Speaker 2: not known something like that.
• 21:21
  Speaker 1: But this virtual platform allows more people to participate. Such
• 21:26
  Speaker 1: a blessing, such a blessing, such a blessing.
• 21:29
  Speaker 3: God bless you with Sean, God bless you, and God
• 21:32
  Speaker 3: bless all that you mean to us and your servant leadership.
• 21:36
  Speaker 3: Because you are a servant, I mean, you just are
• 21:39
  Speaker 3: incredible in how you manage that and how you focus
• 21:42
  Speaker 3: on that. Emphasize that it's all in your voice and
• 21:45
  Speaker 3: in your spirit. And so I'm going to close with
• 21:50
  Speaker 3: giving the brothers and sisters out here a little tip
• 21:53
  Speaker 3: on how to build your passident, to build your position.
• 21:56
  Speaker 3: Not be a black person in America with a single
• 21:58
  Speaker 3: stream of income right like all of us should have
• 22:02
  Speaker 3: multiple streams of income. Coach so we call a passive income.
• 22:05
  Speaker 3: So take your nine to five income, if you you've
• 22:09
  Speaker 3: got a job. Ninety seven percent of us have a job.
• 22:11
  Speaker 3: Take you nine to five income, and use that to
• 22:17
  Speaker 3: fuel your side hustle. Okay, whatever that may be. Sell
• 22:21
  Speaker 3: someone that's your side hustle. Then use your side hustle
• 22:26
  Speaker 3: to fuel the money you get from that to fuel
• 22:29
  Speaker 3: your investments, because you're going to get extra money and
• 22:33
  Speaker 3: you're going to invest that money. I don't care if
• 22:35
  Speaker 3: it's scripto, currencies, box bonds, whatever it is. Whatever, vote
• 22:39
  Speaker 3: your vote, invest your side hustle money, and then take
• 22:43
  Speaker 3: your investments, and over time, your investments will replace your
• 22:49
  Speaker 3: nine to five. That's the goal.
• 22:54
  Speaker 1: That's the goal.
• 22:55
  Speaker 3: That's the goal.
• 22:56
  Speaker 1: That's right. I want to appreciate you, but again, thank you.
• 23:00
  Speaker 1: Come on the show now. I gotta do my job now, Jack.
• 23:03
  Speaker 2: See see you always give me instructions, but you don't
• 23:05
  Speaker 2: even know it. See when you come on my show,
• 23:07
  Speaker 2: doctor Fraser, you put me to work in a positive
• 23:10
  Speaker 2: manner because I said.
• 23:11
  Speaker 1: Okay, I said okay.
• 23:13
  Speaker 2: You know it's like it's like, you know, you the
• 23:14
  Speaker 2: Pope of entrepreneurship to me, you the pope.
• 23:17
  Speaker 1: Now you know the pope became the town. He then
• 23:19
  Speaker 1: blessed everybody with information.
• 23:21
  Speaker 2: Now, I guess what, we gotta get busy and spread
• 23:23
  Speaker 2: the word, so that my mission right now is to
• 23:25
  Speaker 2: spread the word of Fraser Nick my friend.
• 23:27
  Speaker 1: We talked soon.
• 23:28
  Speaker 3: Okay.
• 23:29
  Speaker 2: This has been another edition of Money Making Conversation Masterclass
• 23:32
  Speaker 2: hosted by me Rushaun McDonald. Thank you to our guests
• 23:35
  Speaker 2: on the show today and thank you listening to audience now.
• 23:39
  Speaker 2: If you want to listen to any episode I want
• 23:41
  Speaker 2: to be a guest on the show, visit Moneymakingconversations dot com.
• 23:45
  Speaker 2: Our social media handle is money Making Conversation. Join us
• 23:48
  Speaker 2: next week and remember to always leave with your gifts.
• 23:51
  Speaker 1: Keep winning.