Latest / The Steve Harvey Morning Show / John Hope Bryant and Shopify, creating one million new black businesses.
Transcript
- 0:04Speaker 1: Welcome to Money Making Conversations. It's the show that she
- 0:07Speaker 1: has the secrets of success experience firsthand by marketing and
- 0:10Speaker 1: Brandon expert Rashan McDonald. I will know he's giving me
- 0:13Speaker 1: advice to many occasions. In occasion didn't notice, I'm not broke.
- 0:17Speaker 1: You know. He'll be interviewing celebrity CEOs, entrepreneurs and industry
- 0:20Speaker 1: decision makers. It's what he likes to do, it's what
- 0:23Speaker 1: he likes to share. Now it's time to hear from
- 0:25Speaker 1: my man, Rashan McDonald. Money Making Conversations. Here we come.
- 0:31Speaker 1: Thank you, my friend, Welcome to Money Making Conversation. I
- 0:34Speaker 1: am your host, ras Sean McDonald. I recognized that we
- 0:36Speaker 1: all we all have different definitions of success. For some
- 0:40Speaker 1: suscisable paycheck. Mine is helping people wake up and inspiring
- 0:43Speaker 1: them to accomplish their goals and live their very best life.
- 0:46Speaker 1: These are my passion and that's what we're going to
- 0:48Speaker 1: do for you. As you listen to Money Making Conversations,
- 0:51Speaker 1: I want you to stop tripping over small challenges and
- 0:53Speaker 1: prepare to rise above the bigger obstacles that life will
- 0:56Speaker 1: present to you. My next guest, John Hope Bryant, is
- 0:59Speaker 1: the founder, chairman, and chief executive officer of Operation Hope, Inc.
- 1:03Speaker 1: A global nonprofit headquartered in Atlanta, Georgia. Birth just under
- 1:07Speaker 1: three decades ago in response to the despair and destruction
- 1:11Speaker 1: of the Los Angeles Riots and Spurson starts at home.
- 1:14Speaker 1: We should all understand that at such an early age,
- 1:17Speaker 1: the fact that his mother told him she loved him
- 1:19Speaker 1: every day ensured that he didn't have a self esteem problem.
- 1:23Speaker 1: The fact that his dad was a business owner for
- 1:25Speaker 1: fifty four years gave him a real example of being
- 1:28Speaker 1: an entrepreneur. So through him he had the sense of this,
- 1:31Speaker 1: yes I am, and yes I can. John Holt brian
- 1:34Speaker 1: work has been recognized by five past US presidents and
- 1:38Speaker 1: he has served as an adviser to three past sitting
- 1:40Speaker 1: US presidents. A mentor too many, Brian is dedicated to
- 1:44Speaker 1: sharing his failures and successes in life and business to
- 1:47Speaker 1: empower the next generation of entrepreneurs and world changers. Please
- 1:51Speaker 1: work with the money making conversation, my friend John Hope,
- 1:54Speaker 1: Brian here with Shaw to be with you. Man. Thanks
- 1:58Speaker 1: for doing what you're doing, but thank you for getting
- 2:01Speaker 1: on this call. So where yet right now? And what's
- 2:03Speaker 1: at the top of the list in the middle of
- 2:04Speaker 1: the pandemic. For you. I am in Atlanta, Georgia, which
- 2:09Speaker 1: I believe is the moral center for America. Is the
- 2:13Speaker 1: moral capital for America. That's where we got our It's
- 2:16Speaker 1: where the Civil War was concluded, the March to the Sea,
- 2:20Speaker 1: the battle for the March of the Sea, is where
- 2:24Speaker 1: civil rights for black people, where it was born with
- 2:28Speaker 1: the civil rights movement. Uh It's where the largest population
- 2:32Speaker 1: of black wealth is today, which I think is the
- 2:36Speaker 1: beginning of what I call the silver Rights movement. S
- 2:41Speaker 1: I L V E. R. Moving in the in the
- 2:43Speaker 1: suites about economics, power, ownership, and opportunity that matches and
- 2:48Speaker 1: movement in the streets, which is about basic decency and
- 2:51Speaker 1: dignity respecting access. Uh So, I just think we're sitting
- 2:55Speaker 1: in the moment in history, my man, but we don't.
- 2:58Speaker 1: We don't see it for what it is at the moment. Well,
- 3:01Speaker 1: you know, when you talk about the black wealth, you
- 3:03Speaker 1: know the Tulsa riots, I shouldn't say the riots of
- 3:06Speaker 1: the massacre when he had a black wall Street in
- 3:08Speaker 1: Tulsa and the blacks were being um stopped from achieving
- 3:14Speaker 1: success financially, socially and being recognized for their intelligence, their
- 3:19Speaker 1: ability to be entrepreneurs. And that's what we're fighting today.
- 3:22Speaker 1: We're fighting the message that we participate. How can we
- 3:26Speaker 1: overcome the stigma that you know, I want to have
- 3:29Speaker 1: to say this right America keeps trying to say black
- 3:31Speaker 1: people don't participate. Well, we gotta get our minds right, man.
- 3:36Speaker 1: And that's one of the reasons that I wanted to
- 3:38Speaker 1: do your show, and one of the one of the
- 3:41Speaker 1: reasons I bought. I wrote the book, Uh it's now
- 3:43Speaker 1: bestseller that came out a little in a month ago,
- 3:45Speaker 1: called Up From Nothing. They untold story of how we
- 3:48Speaker 1: all succeed. It's all about mindset. Let's go back from
- 3:52Speaker 1: Let's go back to the Tulsa example you gave. You know,
- 3:56Speaker 1: I get frustrated with people saying Tulsa, oklah Home the
- 4:00Speaker 1: black Wall Street, because that's every street in white America.
- 4:05Speaker 1: I mean, there was nothing, you know, posted the community,
- 4:09Speaker 1: which was a devastation, which was horrible, which was which
- 4:12Speaker 1: was humiliating, disgusting, every negative thing you can think about
- 4:16Speaker 1: what was done to us. But the aspiration that we
- 4:20Speaker 1: achieved on that street, and it was just a just
- 4:23Speaker 1: a few blocks. It was a community, a local community
- 4:26Speaker 1: that should be every community in America, not one middle
- 4:30Speaker 1: place in Oklahoma that we point to from a hundred
- 4:33Speaker 1: years ago. The fact that the blacks of white families
- 4:37Speaker 1: passed down wealth and generation and generation, and it's in
- 4:40Speaker 1: wealth creation has become a habit with our mainstream Caucasian friends. Uh.
- 4:46Speaker 1: And the differentiation between making money and building wealth is everything.
- 4:52Speaker 1: You know. Making money you do from nine to five.
- 4:54Speaker 1: Building wealth it's what you do from nine to five,
- 4:58Speaker 1: nine pm to five pm. Me. So you hustle, you
- 5:01Speaker 1: you earn your listing from nine to five. You may
- 5:04Speaker 1: have a part time hustle from five to nine, but
- 5:07Speaker 1: you actually build wealth in your sleep from nine to five,
- 5:12Speaker 1: nine pm to five am. It stocks its bonds, it's
- 5:15Speaker 1: business investment, it's entrepreneurship. It's education because it compounds in
- 5:20Speaker 1: your sleep. It's compounding its rental income. You build welcome
- 5:23Speaker 1: your sleep. Nor ever taught us this. We're we as
- 5:26Speaker 1: you already know, we are brilliant. When the rules are
- 5:30Speaker 1: published in the plane to this level, we succeed. But
- 5:33Speaker 1: it's what we don't know that we don't know this
- 5:35Speaker 1: killing is, but we think we know. And Ambassador Andrew
- 5:38Speaker 1: Young who was on that balcony with Dr King when
- 5:40Speaker 1: he was assassinated. My mentor and friends said, to live
- 5:44Speaker 1: in a system of free enterprise and not to understand
- 5:47Speaker 1: the rules of free enterprise just must be the very
- 5:51Speaker 1: definition of slavery. Wow, let me let me ask you
- 5:57Speaker 1: did John again? Thank you for coming on to show
- 6:00Speaker 1: the discuss. What we're talking about is a black entrepreneurs
- 6:03Speaker 1: and black recognition being saying that we are we're good citizens,
- 6:06Speaker 1: we pay taxes, we want the same thing you want,
- 6:09Speaker 1: you know, living in an environment where we could be
- 6:11Speaker 1: saving come home and nobody's broken in our homes. And
- 6:14Speaker 1: as soon as that that message doesn't get resonated enough
- 6:16Speaker 1: because it keeps being blindsided, Le'm gonna go back a
- 6:19Speaker 1: little bit. In I moved to Los Angeles from New
- 6:22Speaker 1: York in two I was actually living in l A.
- 6:26Speaker 1: I was on the morning show on Steven Won this
- 6:29Speaker 1: radio station on KJL are my best friend, Robin Group,
- 6:35Speaker 1: that's what we're doing that And so I got to
- 6:40Speaker 1: drive down Crenshaw when it all was going down, and uh,
- 6:44Speaker 1: that's where I first encountered black people without a fear
- 6:49Speaker 1: or trying to save their business. Started saying, Uh, this
- 6:52Speaker 1: is a black owned business. This is a black owned business.
- 6:54Speaker 1: This is the black owned business. Now that's the nineteen
- 6:57Speaker 1: as two. We had the vivid video of a black
- 6:59Speaker 1: man and beat several times by several police officers, and
- 7:03Speaker 1: then we see a black man eight minutes being strangled
- 7:07Speaker 1: to death on video, same video. Yeah, what I say
- 7:12Speaker 1: that the city of Los Angeles set on fire the
- 7:17Speaker 1: country like whole military was sent in to shut it down.
- 7:21Speaker 1: What do you think is making a difference today? Because
- 7:23Speaker 1: white people didn't participate in any civil change, but now
- 7:27Speaker 1: you see white people participating in civil change. And change
- 7:30Speaker 1: can only happen if everybody recognizes there as a problem. Yeah,
- 7:34Speaker 1: so you've you've unpacked, as I would expect from from
- 7:38Speaker 1: a high frequency thinker like you. You unpacked, you know,
- 7:43Speaker 1: you know, Marilla, And a huge question, um, and I'll
- 7:47Speaker 1: try to answer it succinctly. There's a question within a
- 7:50Speaker 1: question within a question. Right. Uh So, in my in
- 7:53Speaker 1: my book I talked about so life is ten percent
- 7:55Speaker 1: with like does to you and not even how you
- 7:57Speaker 1: choose to respond to it. I put that in my book. Well, leaderships,
- 8:00Speaker 1: what's your response going to be? So let's just go
- 8:03Speaker 1: back permitted to the trauma because because we've been traumatized,
- 8:05Speaker 1: we've been we've been abused in this country as as
- 8:09Speaker 1: African Americans. But my Jewish friends were, as an example,
- 8:12Speaker 1: were also likewise not only abused. There was attempted extermination.
- 8:16Speaker 1: The third of them were targeted for extermination by Hitler.
- 8:19Speaker 1: But so, but they went into that that battle with
- 8:22Speaker 1: different tools and we had. They came out of that
- 8:25Speaker 1: battle with different tools and we had. They decided to
- 8:27Speaker 1: fight that battle with ownership, capitalism, economics. Uh. In fact,
- 8:32Speaker 1: they were not allowed to own land in Europe. Jews work,
- 8:35Speaker 1: so they created finance so they could finance for land
- 8:38Speaker 1: and create portable wealth literally finances portable wealth. And they
- 8:43Speaker 1: went into that battle with five what I call five
- 8:47Speaker 1: pillars of success. As much educations you can shove down
- 8:50Speaker 1: your throat, understanding the math, economics, ownership, entrepreneurships. In trammidacy
- 8:57Speaker 1: of all things, you talk about family structure and resiliency,
- 9:01Speaker 1: self esteem and confidence. As you know those two things
- 9:04Speaker 1: are different. Self esteem is how you esteem your self. Confidences,
- 9:08Speaker 1: how you think your competence, and leading it into the
- 9:10Speaker 1: world in role modeling an environment. Right, So they had
- 9:13Speaker 1: those things tight going in and they and they have
- 9:15Speaker 1: them tight coming out. But they decided to fight because
- 9:18Speaker 1: they're Jews today are being stabbed and murdered and enlynched
- 9:22Speaker 1: around the world. But they decided to fight their fight
- 9:25Speaker 1: with economics, ownership and opportunity in in my opinion, uh,
- 9:31Speaker 1: in an economic world. So that was the right response. Uh.
- 9:35Speaker 1: And they and they've demanded you know, even respect, you
- 9:39Speaker 1: could say earned it whatever with our ourn respects. They
- 9:41Speaker 1: demanded respect. You had poor whites who came here from
- 9:46Speaker 1: Britain who came here the same time as we did
- 9:48Speaker 1: as indigenous servants. Um, and they're still poor today. No
- 9:53Speaker 1: one taught them to be industrious, but they had the
- 9:55Speaker 1: benefit of being white. The word white was a made
- 9:57Speaker 1: up word, literally the European royal class. No one made
- 10:02Speaker 1: this word up but us in America in a way
- 10:05Speaker 1: to differentiate in their early sixteen hundred's poor whites from
- 10:09Speaker 1: their poor black brothers and sisters, so they wouldn't collaborate together.
- 10:12Speaker 1: We're on time for that story, will put it aside
- 10:14Speaker 1: for a minute. So African American who as you know,
- 10:17Speaker 1: came here as geniuses of the land. That's why we
- 10:20Speaker 1: were brought here from Africa because we were agricultural geniuses.
- 10:23Speaker 1: We get plant seed, soil and grow crops anywhere in
- 10:27Speaker 1: the world. So we weren't dummies. We were geniuses. But
- 10:31Speaker 1: when they got we got here, they dumbed this down.
- 10:34Speaker 1: They stripped us of that self esteem and that confidence.
- 10:37Speaker 1: They demanded us they they demanded, they denied us the education.
- 10:43Speaker 1: The Freedom's Bank of eighteen sixty five that Abraham Lincoln
- 10:47Speaker 1: created the teach free slaves about money. After the Civil War,
- 10:50Speaker 1: he was killed the next month. The bank fell into disrepair,
- 10:52Speaker 1: even though further Douglas tried to run it. People don't
- 10:55Speaker 1: even know uh that that that the further Thoas was
- 10:59Speaker 1: a business man that he owned real estated Baltimore, Maryland.
- 11:02Speaker 1: They just think he was an abolitionist um and he
- 11:05Speaker 1: and he put ten thousand odors on money in that bank.
- 11:07Speaker 1: But that bank sales, and no one taught us to
- 11:09Speaker 1: netual literacy on our family structure was was destroyed. Our
- 11:13Speaker 1: resiliency as a result of that was denied. Or says
- 11:16Speaker 1: it was never built. Self esteem in the toilet wrote
- 11:20Speaker 1: confidence came from the wrong sort of things, which were
- 11:25Speaker 1: things that blame, things that shine uh in role models
- 11:29Speaker 1: were you know, Okay, let's put at our role models
- 11:32Speaker 1: the two areas we succeeded, and I'll shut up here.
- 11:35Speaker 1: We're really at scale the arts. You know, you work
- 11:38Speaker 1: with Steve Harvey who was also friends the arts and
- 11:42Speaker 1: professional sports. Why the rules were published and the plane
- 11:46Speaker 1: field was leveled, so we killed it because the rules
- 11:49Speaker 1: were published in the plane there was level the capitalism,
- 11:51Speaker 1: which is nine of the GDP of this country in
- 11:56Speaker 1: the world that's left over nowhere were taught of that game.
- 11:59Speaker 1: So you combine the five pillars we didn't get with
- 12:02Speaker 1: the game that we don't understand, and you end up
- 12:04Speaker 1: in the situation that you find we find ourselves in
- 12:07Speaker 1: where these in place black murders by police and unfortunate shootings,
- 12:13Speaker 1: where it's five hundred credit score neighborhoods. We have a
- 12:16Speaker 1: check casher next to a payday loan lender, next to
- 12:18Speaker 1: a rent to own store, next to a title lender,
- 12:22Speaker 1: next to a liquor store, next to a pawn shop,
- 12:30Speaker 1: and at the church down the street, trying to make
- 12:32Speaker 1: you feel a little bit better once a week. I
- 12:33Speaker 1: called that an official psychologist because we want admit that
- 12:36Speaker 1: we Craig Craig, we won't go get real health. And
- 12:39Speaker 1: I think that if you're black today, therefore COVID nineteen
- 12:44Speaker 1: of us would be clinically undiagnosed depressed for good reason.
- 12:48Speaker 1: So what so COVID just just sort of took it
- 12:50Speaker 1: even made you more resilient, and you double down on
- 12:53Speaker 1: the right mentality called a winning mentality. You have that,
- 12:57Speaker 1: you've got a winning mentality and you've got a hunter's roll.
- 13:00Speaker 1: You se, you got that, and that's why that's why
- 13:03Speaker 1: you continue to succeed. But most of our people have
- 13:06Speaker 1: a surviving mentality and in an observer spectators role, that's
- 13:14Speaker 1: the problem. We've got to get our heads back in
- 13:17Speaker 1: the game. We gotta Malcolm exit. We've been bamboozer, we've
- 13:21Speaker 1: been tripped, we've been cooled, right, come on now, hoodwink.
- 13:27Speaker 1: So that's why that's why I'm all about financial literacy
- 13:31Speaker 1: at scale, black ownership of businesses and the way to
- 13:36Speaker 1: social justice at scale. I'm all go ahead, So let
- 13:41Speaker 1: me ask you this, John. You know that because what
- 13:43Speaker 1: you're saying is absolutely correct, and what I wanted to
- 13:46Speaker 1: get on the additional response to you was that we
- 13:49Speaker 1: had a video in ninety two Rodney King. And then
- 13:52Speaker 1: we had a video of two thousand and twenty UM
- 13:56Speaker 1: George Flare, George Gloria. The nation saw the same video
- 14:01Speaker 1: in l a burn down. The Bush sent in the
- 14:06Speaker 1: military to shut down the situation and then move forward
- 14:11Speaker 1: in people are white? People are reacting differently. Was it
- 14:16Speaker 1: COVID being shut down being a seein of being able
- 14:20Speaker 1: to talk amongst each other, or society has become more
- 14:23Speaker 1: interracial now they're willing to be able to communicate honestly
- 14:26Speaker 1: about the flaws of America. What made this movement different?
- 14:31Speaker 1: It's fear. It's fear in your own house. And what
- 14:36Speaker 1: I mean by that is and by the way, there
- 14:38Speaker 1: are a lot of uh what I call, you know,
- 14:41Speaker 1: very very good Caucasian collaborators and supporters out there that
- 14:47Speaker 1: we should give them credit for. I mean the Partment
- 14:50Speaker 1: with the Urban League, that was when the urban was
- 14:53Speaker 1: created through blacks and whites, the Responsible Whites Partment with
- 14:57Speaker 1: the in the creation of the Indo acp Responsible White
- 15:01Speaker 1: departnered with blacks, in the creation of Operation Hope and
- 15:04Speaker 1: so many other organizations. So I want to make sure,
- 15:06Speaker 1: just sure that that that that statement is out there,
- 15:09Speaker 1: that this is not a white versus black conversation. But
- 15:11Speaker 1: your question, once again is very insightful, and the answer
- 15:15Speaker 1: is that they understand where at the where at the
- 15:19Speaker 1: end of kicking this can down the road, that it's
- 15:22Speaker 1: not going to hurt them if we don't we don't
- 15:23Speaker 1: solve this. That in Europe, you had the European families
- 15:28Speaker 1: taken over when wealth got to one or two percent
- 15:30Speaker 1: of concentration of all wealth. That's not sustainable. And they
- 15:34Speaker 1: until we were before COVID and before the economic crisis
- 15:38Speaker 1: and before the Swarded Earro Social Justice recording, you had
- 15:43Speaker 1: this this widening of the wealth and income inequality gap.
- 15:46Speaker 1: But you know it was it was five percent, it
- 15:48Speaker 1: was ten. But we now realize that every hundred years
- 15:53Speaker 1: you have you have a reset in this country. So
- 15:56Speaker 1: you had the independence from Britain in seven Circus seventy seventeen,
- 16:03Speaker 1: circuit seventeen seventy let's be fair at A seventeen sixty five,
- 16:06Speaker 1: seventeen seventy five. Then you had the Civil Rights Movement
- 16:10Speaker 1: Circus six a hundred years later, sixty sixteen. Uh, sorry,
- 16:15Speaker 1: let's go and sorry, the story the Civil War my
- 16:17Speaker 1: bad eighteen eighteen five. Then you had the civil rights
- 16:24Speaker 1: movement the sixties, nineteen sixties. Every hundred years, this one
- 16:28Speaker 1: is early. This was early. By thirty years. Everybody realized
- 16:34Speaker 1: that the moment is pregnant and what the question is,
- 16:37Speaker 1: what are we gonna give birth to? Is it chaos
- 16:40Speaker 1: to call Dr King? Or is it community? His last book?
- 16:43Speaker 1: Where do we go from here? So anybody who's thinking
- 16:46Speaker 1: right now, anybody who's thoughtful, anybody who has wealth and
- 16:49Speaker 1: wants to keep it, anybody who wants democracy and wants
- 16:52Speaker 1: to sustain it, is looking at a society that's coming across,
- 16:55Speaker 1: coming coming apart at the scenes. Because hope is not
- 16:59Speaker 1: equal be distributed to all of God's children. We're not
- 17:03Speaker 1: keeping the competition to building right, not even not not
- 17:05Speaker 1: even by a liberal definition of that is not sustainable.
- 17:09Speaker 1: So my I tell my rich friend, my rich friends
- 17:12Speaker 1: need my poor friends to do better, if only to
- 17:14Speaker 1: state rich. So there's there's enough police to save you.
- 17:18Speaker 1: If police have I'm sorry if people have lost hope.
- 17:21Speaker 1: So I think that is the short answer, is that
- 17:24Speaker 1: everybody understands that that that you can take no pleasure
- 17:29Speaker 1: from the fact that the whole in my my end
- 17:31Speaker 1: of our boat, right because we're all going to sing
- 17:35Speaker 1: I love it. I'm talking to John Hope Bryant, Founder, chairman,
- 17:38Speaker 1: chief executive offense of Operation Hope Incorporated. He came on
- 17:41Speaker 1: the show to talk about one million new black businesses
- 17:46Speaker 1: a campaign. Tell us about it, John, Yeah, So you
- 17:52Speaker 1: gotta have a solution that's bigger than the problems that
- 17:55Speaker 1: we face. The Bible says, well, there is no vision
- 17:59Speaker 1: that people perish. It's finally here the season of celebration,
- 18:03Speaker 1: and no matter how you celebrate with family and friends,
- 18:06Speaker 1: whether you're preparing for Reis magos or Karamu lighting the Manura,
- 18:10Speaker 1: are going to midnight mass, Coals has just what you
- 18:14Speaker 1: need to make those traditions special. Plus you'll find gifts
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- 19:57Speaker 1: dot ai. You've got to have a solution legger than
- 19:59Speaker 1: the problems that we face. And so I draft this
- 20:03Speaker 1: thing called a New Marshal Plan, which people can go
- 20:05Speaker 1: online and download. Uh. That's my vision for the resetting
- 20:10Speaker 1: of this country. And to your point of what you
- 20:12Speaker 1: preach on the show, it's about a hand up strategy,
- 20:16Speaker 1: not a hand out strategy. It's about recognizing black folks
- 20:19Speaker 1: as untapped GDP gross domestic product. That discrimination racism against
- 20:25Speaker 1: blacks has cost this country sixteen trillion dollars with the
- 20:28Speaker 1: t and lost GDP in the last twenty years. City
- 20:32Speaker 1: Group report of two weeks ago. It also showed that
- 20:35Speaker 1: they just knocked it off right now, the country would
- 20:38Speaker 1: gain another five trillion dollars of GDP over the next
- 20:41Speaker 1: five years. That's enough to pay off the care at
- 20:44Speaker 1: COVID nineteen stimulus money for the whole country. So I'm
- 20:48Speaker 1: looking at this this challenge through an economic lens. I
- 20:52Speaker 1: think that's the right lens to solve it, to get
- 20:54Speaker 1: everybody on deck. And so if you have three million,
- 20:57Speaker 1: just under three million black businesses in America. But nine
- 21:02Speaker 1: percenters they don't have an employee. Pause. I want people
- 21:07Speaker 1: to think about that, all right, how could you get
- 21:10Speaker 1: the Care Act money, the PPP money, which was designed
- 21:13Speaker 1: for employers who have employees with overhead. If you're working
- 21:18Speaker 1: from home with no employees, you missed that boat. Altogether.
- 21:21Speaker 1: It struck me that we have no books and records.
- 21:25Speaker 1: We've got no business manager, we've got no accountant, no
- 21:29Speaker 1: cp A, we've got no proper banker. I don't mean
- 21:32Speaker 1: to teller at the local bank branch. I mean a
- 21:35Speaker 1: private banker who knows who you are and curate your involvement. Welcome.
- 21:45Speaker 1: We we don't, we're not We're not building well. We're
- 21:49Speaker 1: on a tread mill, trying to get paid, getting paid,
- 21:52Speaker 1: getting some money, getting some paper. All that's these phrases
- 21:55Speaker 1: that we use is winning the battle and losing the war.
- 21:59Speaker 1: We need to be built building wealth. You can't build
- 22:01Speaker 1: wealth without compound, and can't compound without something other than you,
- 22:05Speaker 1: in this case, employees, technology, infrastructure systems. So I decided
- 22:11Speaker 1: to not just complain about it, to trying to do
- 22:12Speaker 1: something about it. So we partnered together with Shopify, the
- 22:17Speaker 1: second largest e commerce retailer in the world, the largest
- 22:21Speaker 1: company in Canada, and they committed a hundred and twenty
- 22:24Speaker 1: seven million dollars at our Whole Global Forum last week,
- 22:27Speaker 1: a hundred and twenty seven million dollars over ten years
- 22:30Speaker 1: to help Operations Hope stand up one million new black businesses.
- 22:35Speaker 1: So people people can go to one MBB operating type.
- 22:39Speaker 1: They can type into computer one mbb is searchable now,
- 22:43Speaker 1: or go to Hope one mbb dot org or Operation
- 22:47Speaker 1: Hope dot org and right now step into the new
- 22:51Speaker 1: reality of business ownership for themselves and their children and
- 22:58Speaker 1: their children's children, the creation of Well, I'm gonna get
- 23:03Speaker 1: into what that all this means, but that's the back
- 23:06Speaker 1: story of what we're doing. And we're and and Shapifi
- 23:08Speaker 1: is not the only company involved. It's made that first
- 23:11Speaker 1: major commitment. We're doing wrap around services which include accountants.
- 23:17Speaker 1: We're giving us time bank commitments of two hours for businesses.
- 23:22Speaker 1: We know. Just really interesting that you're saying this because
- 23:26Speaker 1: I remember na need to open a comedy club. I
- 23:28Speaker 1: just opened it, John, Okay, I didn't have an accounting
- 23:31Speaker 1: in place, I didn't understand by human resources. I didn't
- 23:35Speaker 1: even have job applications and I was hiring people. Okay,
- 23:38Speaker 1: I had no system in place. And that's what you're
- 23:39Speaker 1: talking about. As far as being an entrepreneur, you have
- 23:42Speaker 1: to document that you're an entrepreneur in order to be
- 23:44Speaker 1: recognized as an entrepreneur. In order to get loans, you
- 23:47Speaker 1: have to have separate bank accounts. In other words, if
- 23:50Speaker 1: you have a personal bank account, you should need to
- 23:52Speaker 1: open up a business bank account. This is how you
- 23:54Speaker 1: become recognized as a business person. And I used that
- 23:57Speaker 1: named to an example because just like you, I'm on
- 24:00Speaker 1: to tell people how I've made mistake in order to
- 24:02Speaker 1: tell people how I recovered from those mistakes that I made.
- 24:05Speaker 1: Nobody's perfect as a as an entrepreneur. I don't care
- 24:08Speaker 1: who you're talking to. Talk to Bill Get You, talk
- 24:10Speaker 1: to Warren Buffet. They've all made miscalculations on the stock
- 24:13Speaker 1: or miscalculation on business position. But we have to understand
- 24:16Speaker 1: that that happens. But you have to have to understand
- 24:18Speaker 1: that you have to have the infra infrastructure in place
- 24:21Speaker 1: in order to be respected and ought to be recognized
- 24:24Speaker 1: as an actual business. And that's where black people in
- 24:26Speaker 1: general get frustrated and they're quick to call racism because
- 24:30Speaker 1: they're not giving the same opportunity. But they're also not
- 24:32Speaker 1: giving the same opportunity because they don't have the right
- 24:34Speaker 1: plan in place. And that's what you're talking about. What
- 24:36Speaker 1: we're talking now, we're talking so so as racism real.
- 24:40Speaker 1: And then this is again, this is what I go
- 24:42Speaker 1: I go through deep in my book for nothing is
- 24:46Speaker 1: it's a certain degree. We're shooting ourselves in the foot. Now.
- 24:49Speaker 1: Racism is absolutely real. Racism like rain, it's either fall
- 24:52Speaker 1: into place or gathering. Okay, unbrelling the color you're like
- 24:57Speaker 1: and start strolling too it because it's not gonna change,
- 24:59Speaker 1: but you so you must. But why does our Nigerian
- 25:02Speaker 1: black friends come here and kill it in three years?
- 25:05Speaker 1: Why do our Ethiopian black friends are are you know?
- 25:09Speaker 1: Jamaican black friends come here? They're blacker enough. They come
- 25:12Speaker 1: here and they and they in three years they own
- 25:14Speaker 1: the whatever little you know, three three three Uber cars
- 25:18Speaker 1: their own. We all get a relation as a as
- 25:21Speaker 1: a hard worker, a person who's willing to hold down
- 25:25Speaker 1: fifteen jobs. And that's what you were talking about earlier,
- 25:27Speaker 1: nine to five, five to nine, nine to nine, twenty
- 25:31Speaker 1: four hours. They learn how to use each hour and
- 25:34Speaker 1: that's what black people are not being being, not taking
- 25:37Speaker 1: that mantle of acceptance that you know, we're willing to
- 25:40Speaker 1: work hard to achieve our dreams, where the mantle in
- 25:43Speaker 1: the streets is that black people are lazy. Black people
- 25:46Speaker 1: are always looking for handouts. Well, when you say when
- 25:49Speaker 1: you talk about Africans, or you talking about Jamaican from
- 25:51Speaker 1: the Caribbean or all these other people who look like
- 25:54Speaker 1: us tend to come over here and accept the accept
- 25:57Speaker 1: criticism they walk through that you criticize me, that's not
- 26:00Speaker 1: gonna stop me from my dreams. And that's all you're
- 26:03Speaker 1: saying right now is that we have to change the
- 26:05Speaker 1: mindset and also be willing to say that's not me.
- 26:08Speaker 1: Let me show you who I am. That's right, Wow, John,
- 26:12Speaker 1: come on, man, keep talking preaching. Not one, not one
- 26:16Speaker 1: to answer to. My self worth and self esteem depends
- 26:19Speaker 1: on your acceptions of me. That's Quincy Jones. Is not
- 26:22Speaker 1: what people call you? Is what you answer to toe
- 26:24Speaker 1: That's important. Never ever answer out of your name. That's
- 26:27Speaker 1: Dr that's Dr Chip Murray First Davie Church in Los Angeles. Uh.
- 26:32Speaker 1: Life is not what life does to you, is how
- 26:35Speaker 1: you respond to it. That's me I take no for vitamins. Okay,
- 26:39Speaker 1: that's me. You know, an entpreneur works eighteen hours thing
- 26:43Speaker 1: to keep getting your job. That's me. You know, uh,
- 26:46Speaker 1: you know, success is going from failure to failure without
- 26:48Speaker 1: loss of enthusiasm. That's me. The point is that you've
- 26:52Speaker 1: got to have the right mental uh recruitment and mental
- 27:00Speaker 1: activity and mental and mental standing and mental and mental
- 27:04Speaker 1: tie a tunement. You gotta be teen to succeed. So
- 27:09Speaker 1: this in the book I talked, I talked about this
- 27:12Speaker 1: this U I make the story real quick. But this guy,
- 27:14Speaker 1: Mike Maples, I was saying, you know, he's one of
- 27:17Speaker 1: the top ten ntual capitalist and Silicon Valley man. Tell
- 27:19Speaker 1: me about your story. Oh nothing, he said, A just
- 27:21Speaker 1: a normal story. I said, I'd ask you that. Tell
- 27:23Speaker 1: me your story. He said, Well, my dad, you know,
- 27:25Speaker 1: worked at Microsoft. What did he do? Oh, he worked
- 27:27Speaker 1: with bial Games. Okay, everybody worked at deal gags technically,
- 27:29Speaker 1: what did your dad do? So it gets around to
- 27:31Speaker 1: the short version of the story. He was number three
- 27:33Speaker 1: in Microsoft under the real Gags to the president of products.
- 27:36Speaker 1: So he's a big deal in Microsoft. So he's at
- 27:39Speaker 1: home and he started a video game business. At thirteen,
- 27:43Speaker 1: at sixteen years fairly successful. So he goes to his
- 27:46Speaker 1: dad and he says this, Hey, dad, I think about
- 27:49Speaker 1: selling this company to Disney. Now. Uh, you and me,
- 27:53Speaker 1: if we had a child, or even a fifty year
- 27:56Speaker 1: old cousin who said that, we would be sean we
- 27:59Speaker 1: would be up plotting them. Right, Okay, they started this
- 28:03Speaker 1: disness against they got the audacity to say, you're gonna
- 28:05Speaker 1: set up the Disney so unite agreement. We'd be applauding that, correct. Okay,
- 28:11Speaker 1: the father said, I'm ashamed of you. The father told
- 28:15Speaker 1: Mike Lagel's Jr. I'm ashamed of you. We don't think
- 28:17Speaker 1: like that in our household. And lou Mike, what do
- 28:20Speaker 1: you mean that? He said, young man in our house.
- 28:23Speaker 1: So we don't. We don't follow the agenda we said it.
- 28:25Speaker 1: You're not gonna use your company to be to be
- 28:29Speaker 1: sold to Disney. You're gonna use your company to buy Disney. Now. Now, now,
- 28:41Speaker 1: it doesn't matter whether the kid was gonna buy Disney
- 28:43Speaker 1: or not. It's relevant. The point is that now the
- 28:46Speaker 1: kid thinks he can buy Disney. Yes, yes, so the kids.
- 28:52Speaker 1: So the kid grew up to be somebody who who
- 28:55Speaker 1: is now one of the top ten venture capitalists in
- 28:57Speaker 1: Silicon Valley who's financing everybody else us his dreams of
- 29:00Speaker 1: people who believe they can buy Disney or build Disney.
- 29:03Speaker 1: My point is we've got to get our here. We
- 29:05Speaker 1: we've been, We've been sucker punch Man. As a group
- 29:08Speaker 1: of people, we are brilliant, we are amazing. Again, look
- 29:12Speaker 1: at the arts and look at sports where we have
- 29:14Speaker 1: that confidence, that self esteem, and we got all the
- 29:16Speaker 1: tools right, we kill it. We've been killing it in
- 29:19Speaker 1: if one racing now, I mean, what the mascar if
- 29:23Speaker 1: one raising tennis of it? We're all in the golf. Uh.
- 29:27Speaker 1: But but no one stopped to give us the rules
- 29:29Speaker 1: of the game. And you're trying to unpack that. I'm
- 29:33Speaker 1: dealing with the book up from nothing, the work of
- 29:35Speaker 1: Operation Hope, the financial coaching sessions in twenty states of
- 29:39Speaker 1: Operation Hope, the work of one million black business initiatives,
- 29:42Speaker 1: this thought leadership of the of the New Marshal Plan.
- 29:45Speaker 1: I believe this is the third reconstruction. Right now, two
- 29:49Speaker 1: things before before we wrap up here. One, I want
- 29:52Speaker 1: to make a statement about how can people participate in
- 29:56Speaker 1: the one m b B Because you can search you
- 30:00Speaker 1: go on Google to tap it in. But I want
- 30:02Speaker 1: to make a statement about when you said his dad said,
- 30:05Speaker 1: looks on you should want to buy Disney because you
- 30:08Speaker 1: look at YouTube. When they sold, they thought they were
- 30:11Speaker 1: selling for a lot of money. But then you look
- 30:13Speaker 1: at what YouTube is now when they look back, they
- 30:17Speaker 1: go wow, okay, okay. And you can even go to
- 30:23Speaker 1: to the selling the b T. That was a lot
- 30:25Speaker 1: of money. But when you look at what what When
- 30:28Speaker 1: you look at what what the infrastructure of content, the
- 30:30Speaker 1: infrastructure of streaming, how people are, how black content is
- 30:34Speaker 1: restling in the nationwide, the value or b T is phenomenal. Okay,
- 30:39Speaker 1: So what he's saying makes sense. You can shut you
- 30:43Speaker 1: you're just short selling your dream for a quick check.
- 30:47Speaker 1: That check may have millions attached to a billions attack
- 30:50Speaker 1: to it. But son or young lady, look at the future.
- 30:55Speaker 1: When when Bob Iger Bob Marvel, I didn't I didn't
- 30:59Speaker 1: see why he bought Marvel. Look at Marvel now, the
- 31:02Speaker 1: biggest franchise a universe, not DC is trying to implement,
- 31:07Speaker 1: you know, trying to try to copy. I should say
- 31:09Speaker 1: what Marvel has accomplished with that franchise. So it's the
- 31:13Speaker 1: visionary part that we are lacking in the black community.
- 31:17Speaker 1: We have to become visionaries, not just visionary in the
- 31:20Speaker 1: church because we got that lock we got we got
- 31:23Speaker 1: the Bible on lock. But from a business perspective, we
- 31:26Speaker 1: don't have that on lock because we tend to pray
- 31:28Speaker 1: too much and we tend to hope for opportunity into
- 31:32Speaker 1: the creed and change. That's what you're talking about with
- 31:34Speaker 1: your whole platform, correct, John Well. I wanted to continue
- 31:38Speaker 1: to pray, but I wanted also to be dr. Dr
- 31:40Speaker 1: Dorothy Heights said, you need to be a dream with
- 31:42Speaker 1: a shovel in your hand. And we've got to be
- 31:44Speaker 1: as as expert in the suite as we are in
- 31:46Speaker 1: the streets. I mean, we're expert at protesting and marching,
- 31:49Speaker 1: but that doesn't pay a bill. Being angry with your
- 31:52Speaker 1: neighbor doesn't make you any wealth here. You've got to
- 31:54Speaker 1: move from the streets to the suite. So three years ago,
- 31:57Speaker 1: we don't we don't we run on the time. I know,
- 31:59Speaker 1: three years ago, maybe come back to your show. Three
- 32:01Speaker 1: years ago. I got you gotta first, John, you gotta
- 32:03Speaker 1: come back because I knew nothing about the book. This
- 32:05Speaker 1: interview was set up to talk about the one MBB.
- 32:08Speaker 1: So I wanted because the end of the year. We're
- 32:10Speaker 1: in November right now, so I want to bring back
- 32:11Speaker 1: in December because I've read every book that comes to me,
- 32:14Speaker 1: and I'll I'll be buying your book to read it
- 32:15Speaker 1: because I think that's a great book for us to
- 32:18Speaker 1: use the launch lunch of program of what one should
- 32:22Speaker 1: be like for young entrepreneurs. But continue your thought. Yeah,
- 32:25Speaker 1: so I'll be happy to come back. But the three
- 32:28Speaker 1: years ago I decided for those who still didn't think
- 32:32Speaker 1: that what I was saying applies to them all, John,
- 32:35Speaker 1: you did that in a nonprofit sectors here, But I
- 32:37Speaker 1: was an entrepreneur before I did. Okay, never minded me
- 32:39Speaker 1: to show you. Three years ago I went and created
- 32:41Speaker 1: a real estate company had no assets zero. Today it's
- 32:45Speaker 1: the largest minority controlled institutional quality owner of single family
- 32:51Speaker 1: rental homes in America, called the Promise Homes Company. I
- 32:54Speaker 1: own a hundred and ten million dollars with the real estate.
- 32:56Speaker 1: I didn't say a hundred ten thousand, hundred millions in
- 33:00Speaker 1: three years with five of my time, because I spend
- 33:04Speaker 1: most of my time on this this this paying your
- 33:06Speaker 1: rerian operation. Hope not the profit, which I love, but
- 33:10Speaker 1: I spend most of my time in the community. I
- 33:12Speaker 1: build a hundred ten million dollar portfolio in three years
- 33:16Speaker 1: part time of seven hundred rental homes, and I'm running
- 33:19Speaker 1: it out to my people at you know, affordable housing
- 33:23Speaker 1: rates twelve dollars and months and rent. I'm building that.
- 33:25Speaker 1: The point is, what if everybody in the who's listening
- 33:28Speaker 1: to your audio podcast is who watched you your videos.
- 33:32Speaker 1: What if they decided to buy three homes over the
- 33:36Speaker 1: next three years, one to rent and want to live in,
- 33:40Speaker 1: to the buy rehab and rent by rehabing holds because
- 33:45Speaker 1: they aren't growing anymore land my first bought home, they're
- 33:48Speaker 1: worth eighty million dollars. Then they're worth ninety millions, then nineties.
- 33:52Speaker 1: I didn't do anything special, nine millions, hundred millions, now
- 33:55Speaker 1: now hundred ten millions. If I keep holding it compounding
- 33:59Speaker 1: interest in paying for itself, they're paying for themselves with
- 34:01Speaker 1: reddly go. The longer I hold it, the longer I
- 34:05Speaker 1: keep from cashing out trying to fly little more wealth
- 34:08Speaker 1: I create so uh and the more well I create,
- 34:11Speaker 1: the more contract I can give. The black four pc
- 34:15Speaker 1: of my vendors are black. The landscapers, roofers, lighting companies,
- 34:20Speaker 1: painting companies. Uh imaned. So the bigger I grow the portfolio,
- 34:25Speaker 1: the more home, the more living way jobs I can provide,
- 34:28Speaker 1: the more contracts I can let to black little businesses,
- 34:31Speaker 1: the more wealth you create. Absolutely, how can I participate
- 34:34Speaker 1: in the one MBB program? John, they go to they
- 34:38Speaker 1: start by saying, I'm chicking, tired and kicking type you
- 34:42Speaker 1: go to operating hope, put that on the mirror. Put
- 34:45Speaker 1: that mantra on your mirror. I'm sick of tired of
- 34:47Speaker 1: being sticking ties because you gotta start somewhere, and you
- 34:50Speaker 1: have to believe that's why you want to do it.
- 34:51Speaker 1: Because a lot of people don't understand the amount of
- 34:53Speaker 1: work that's tired. I would tell people, or for the
- 34:56Speaker 1: our week job, it's just preparation for you to be
- 34:58Speaker 1: an entrepreneur. So stop com plainly by what a person
- 35:01Speaker 1: is asking you do for the hours a week. Master
- 35:03Speaker 1: it and once you master it, then you can become
- 35:05Speaker 1: an entrepreneur because you understand how to do business and
- 35:09Speaker 1: want you understand what it means to be a professional. Yeah,
- 35:12Speaker 1: and understand another good comes easy. So there's gonna be
- 35:15Speaker 1: very tough day you want to do this thing we're
- 35:17Speaker 1: talking about here. Understand that love is work. Non love
- 35:20Speaker 1: is laziness, and anti love is evil. Evil exists with
- 35:23Speaker 1: it's very rare. Most people just don't want to do
- 35:24Speaker 1: the work. So once you decide that you're willing to
- 35:27Speaker 1: do the work of raising a child, of being responsible
- 35:30Speaker 1: on the job, in the business, only your own business,
- 35:32Speaker 1: whatever it is, being spiritually fit, whatever your think it
- 35:36Speaker 1: takes work, then call us. We will put you into
- 35:39Speaker 1: will make an investment in you when you when you
- 35:41Speaker 1: make an investment in yourself, we will make it. Will
- 35:43Speaker 1: make an investment in you. Uh. The investment that per
- 35:46Speaker 1: business is equal to by twenty five dollars that we're
- 35:49Speaker 1: investing in. So we're gonna give you free from free Center,
- 35:52Speaker 1: the Credit Score Council, free Whope Business the Box, Training
- 35:56Speaker 1: to be an Entrepreneur, a small business owner, free small
- 35:58Speaker 1: business builder train, any free code, financial coaching, free access
- 36:03Speaker 1: to your credit score. Then you graduate from that program,
- 36:06Speaker 1: then Shopify is gonna give you a free domain name search,
- 36:10Speaker 1: free website securing, free website front storefront, free payment systems
- 36:16Speaker 1: from Shopify, free fulfillment systems, help with with with shipping, systems.
- 36:21Speaker 1: Get this one. You make your first sale, we'll give
- 36:24Speaker 1: you a credit line against the first sale. Yeah, it's serious,
- 36:28Speaker 1: and we've got Now, we've got these professionals, these accountants
- 36:31Speaker 1: and bankers and lawyers who are gonna give you wrap
- 36:33Speaker 1: around services. Somebody said to me, what's the hitch, what's
- 36:37Speaker 1: the catch? I don't get it. It's real simple. We've
- 36:40Speaker 1: sold these companies on the vision that black folks are
- 36:44Speaker 1: better than a consumer. We are a trillion dollar consumer
- 36:46Speaker 1: spending for us. You know these numbers better than most,
- 36:49Speaker 1: But why aren't we at ten trillion dollar economic ownership
- 36:52Speaker 1: for uce? When you own that kind of wealth, you
- 36:56Speaker 1: spend money, you your vendor, you so versus an accountant
- 36:59Speaker 1: giving you free services. In two years, you'll be hiring
- 37:01Speaker 1: that account hiring that banker, hiring that insurance professional, and
- 37:05Speaker 1: paying shopify versus them giving you a hook up. So
- 37:09Speaker 1: I've sold these companies and I'm gonna sell more that
- 37:13Speaker 1: we are a good investment, not a handout factory. So
- 37:18Speaker 1: you step into your dream and if two years you're successful,
- 37:21Speaker 1: you'll be paying for the various services that you're being
- 37:24Speaker 1: vested with for free. Right now, that's my bet that's
- 37:27Speaker 1: my investment in you. And it's actually it's open to
- 37:30Speaker 1: everybody in this country who wants to step in the
- 37:33Speaker 1: dream and be a business owner. One MBB Hope, one
- 37:37Speaker 1: MBB dot boord Awesome John. My studio based in Atlanta.
- 37:43Speaker 1: So when you come back at December, I'm gonna invite
- 37:45Speaker 1: you down to my studio. It's being built out right now.
- 37:48Speaker 1: You're completed in two weeks. Be all videos and you man,
- 37:52Speaker 1: two big head dudes trying to change the world. That's
- 37:54Speaker 1: us man, me and you do it. Let's do it
- 37:57Speaker 1: and thank you and again we'll be coming back. We're
- 37:58Speaker 1: gonna discuss that book. So I'm gonna ge the book.
- 38:00Speaker 1: I'll be ready for that. And they were wanta talk
- 38:01Speaker 1: about in detail how to be part and change your life.
- 38:04Speaker 1: For one, it's just perfect time in fourth quarters when
- 38:07Speaker 1: you start changing your life. We're gonna set it, set
- 38:09Speaker 1: the record straight in December when you come back with
- 38:11Speaker 1: a live broadcast of you talking about all this program,
- 38:14Speaker 1: and we can invite anybody else you want to be
- 38:16Speaker 1: on the show. COVID Safe. Everything I do with my
- 38:18Speaker 1: building is COVID friendly and COVID safe from COVID Safe
- 38:21Speaker 1: Friendly from the standpoint of you walk away feeling comfortable
- 38:24Speaker 1: about the environment that you're walking into again, be safe
- 38:27Speaker 1: from man, John Hope, Bryan, thank you for coming on
- 38:29Speaker 1: the show Money Making Conversations, Piece of life. God bless you. Alright.
- 38:34Speaker 1: I want to hear more of money Making Conversation interviews.
- 38:36Speaker 1: Please go to Money Making Conversation dot com. I'm with
- 38:38Speaker 1: Sean McDonald, I'm your host. In this season of giving,
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