Latest / The Steve Harvey Morning Show / Financial Tip: Dr, Willie Jolley's new Book, “Rich is Good, Wealthy is Better” and the teachings within it.

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Financial Tip: Dr, Willie Jolley's new Book, “Rich is Good, Wealthy is Better” and the teachings within it. · The Steve Harvey Morning Show

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Speaker 1: Welcome to my show. I'm Rashon McDonald, a host of
0:02
Speaker 1: Money Making Conversations Masterclass, where we encourage people to stop
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Speaker 1: reading other people's success stories and start planning your own.
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Speaker 1: Making Conversations Masterclass.
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Speaker 1: or wherever you listen to your podcast. New Money Making
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Speaker 1: Conversations Masterclass episodes drop daily. I want to keep you
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Speaker 1: on alert because my guests provide tips on how you
0:30
Speaker 1: can uplift your community, improve your financial planning, motivation, or
0:34
Speaker 1: advice on how to be a successful entrepreneur. Now, let's
0:38
Speaker 1: get this podcast started. My next guest is a Hall
0:41
Speaker 1: of Fame speaker who has been named one of the
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Speaker 1: Outstanding five speakers in the world. He is the author
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Speaker 1: of several best selling books, including A Setback Is A
0:51
Speaker 1: Setup for a Comeback, An Attitude of Excellence, and his
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Speaker 1: new book Rich Is Good, Wealthy is Better. I got
0:58
Speaker 1: it right here, ladies and gentlemen, just finished reading it.
1:01
Speaker 1: He specialized in helping people to turn their setbacks into
1:05
Speaker 1: amazing comebacks and helping you grow your wealth by growing yourself.
1:10
Speaker 1: Please welcome the Money Making Conversations Masterclass the one and
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Speaker 1: only Doctor Willie Jolly.
1:15
Speaker 2: Thank you, my brother, Thank you so much.
1:17
Speaker 4: You know I have only just a minute, only sixty
1:20
Speaker 4: seconds in it for us to pun me. Can't refuse it.
1:23
Speaker 4: I didn't seek it, I didn't choose it. But it's
1:25
Speaker 4: up to me to use it. I must suffer if
1:27
Speaker 4: I lose it, give a counterfive abuse it just a
1:30
Speaker 4: tiny little minute, but our eternity is wrapped up in
1:32
Speaker 4: and I'm grateful for this minute, this moment, this opportunity
1:35
Speaker 4: to be with my guy, Brushan McDonald.
1:39
Speaker 2: Thank you my brother.
1:40
Speaker 1: First of all, you know I love him. I listened
1:43
Speaker 1: to his show religiously on a serious.
1:45
Speaker 3: Except I always text.
1:47
Speaker 1: Him, I call him, say, man, just sometimes you have
1:49
Speaker 1: to let brother, no, our friend know you listen by
1:52
Speaker 1: dropping a little krumb about an episode you just heard,
1:54
Speaker 1: and he goes right, And I love it.
1:56
Speaker 3: Oh he does listen to my show.
1:59
Speaker 4: They didn't curly just me so much when I get
2:01
Speaker 4: those comments from you, Thank you man. You just don't
2:04
Speaker 4: know how much I appreciate it, and I'm grateful.
2:06
Speaker 2: I'm grateful, grateful.
2:08
Speaker 1: Well, you know, I always like to get my audience
2:10
Speaker 1: locked in, you know, don't want to lose them because
2:12
Speaker 1: they want to listen real quick and see it's something
2:14
Speaker 1: they want to hear.
2:15
Speaker 3: Which is good? Is good? Wealthy is better? Rich is good?
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Speaker 1: I would say that one more time, wealthy is better
2:22
Speaker 1: because the word rich and wealthy?
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Speaker 3: What is the difference there?
2:26
Speaker 4: Right?
2:27
Speaker 2: Thank you know what.
2:29
Speaker 4: Let me tell you how this book came to be. I,
2:31
Speaker 4: as you know, have been on Serious Exam Channel one
2:34
Speaker 4: forty one now.
2:35
Speaker 2: But I've been on Serious Exam.
2:37
Speaker 4: I was first on the Power on one twenty six
2:39
Speaker 4: and then I moved over to one twenty one thirteen
2:41
Speaker 4: years ago. Because I've been on exem for twenty years.
2:44
Speaker 4: And over those twenty years, I've had the honor of
2:47
Speaker 4: interviewing some of the greatest wealth creators of our time,
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Speaker 4: people like Bill Marriott and David Rubinstein and David Stewart,
2:56
Speaker 4: America's Wealthy as black Man, Bob Johnson, Johnson, tell Lee
3:01
Speaker 4: Else's the found co founder of Netflix one after another,
3:06
Speaker 4: Damon John John O'Brien, and over those years I was
3:10
Speaker 4: inspired by them, but I didn't know the difference between
3:14
Speaker 4: being rich and wealthy. Oh, I thought I knew, But
3:17
Speaker 4: about four years ago that the proverbial light bulb went
3:21
Speaker 4: off above my head and I said, oh my god,
3:25
Speaker 4: I got it. Bob Johnson had tried to tell me,
3:28
Speaker 4: but I didn't get it. I didn't capture it. But
3:31
Speaker 4: finally it came to my brain, here's the difference. And
3:35
Speaker 4: I said, well, maybe I'm the only one who doesn't
3:38
Speaker 4: know the difference. Maybe I'm the outlier here. So I
3:41
Speaker 4: went around the country when doing my speaking engagement to
3:44
Speaker 4: corporations all my tours and ask people, Hey, what do
3:48
Speaker 4: you say when I say the word rich? What do
3:50
Speaker 4: you think? They immediate number one answer million dollars. You
3:53
Speaker 4: got a million dollars, you're rich. Okay, great, Now if
3:56
Speaker 4: rich is a million, what's wealthy? And they'll look up
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Speaker 4: in the air ponder for a minute and they say,
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Speaker 4: I guess it's five million, ten million, a billion. And
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Speaker 4: I realized other people didn't know either, okay, and said,
4:11
Speaker 4: I said, if they don't know, how will they ever
4:13
Speaker 4: hit it.
4:14
Speaker 2: It's like this, sir rouchean.
4:15
Speaker 4: If I gave you a rock and say hit the
4:19
Speaker 4: closest wall to where you're sitting, you hit the rock
4:22
Speaker 4: with the wall close to you.
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Speaker 2: Okay, got it.
4:24
Speaker 4: Now let's say I say here's a rock again, but
4:26
Speaker 4: this time, before you throw it, I wanted to put
4:29
Speaker 4: you a blindfold over your eyes, turn you around until
4:32
Speaker 4: you can't know which direction you're facing. Now do it again?
4:36
Speaker 2: Well, can you do it?
4:38
Speaker 4: No? It's hard to hit what you can't see, and
4:40
Speaker 4: it's even harder to hit what you don't know. And
4:43
Speaker 4: I realized most people did not know the difference between
4:47
Speaker 4: being rich and wealthy, and I was one of them.
4:49
Speaker 4: And I give you a quick story. I was in Cleveland,
4:52
Speaker 4: Ohio a couple of weeks ago giving a speech, and
4:55
Speaker 4: I was there with Ben Crump. On Friday night, we
4:57
Speaker 4: did an event, then Saturday had another event, and Sunday.
5:01
Speaker 2: Morning I spoke to church.
5:02
Speaker 4: Well after Saturday afternoon, I went to a fancy restaurant
5:07
Speaker 4: with the client who had brought me there, and we
5:10
Speaker 4: were sitting there having this nice meal and one of
5:12
Speaker 4: the star players from the Cleveland Browns football team, a
5:17
Speaker 4: well known football player and a star in the league,
5:21
Speaker 4: was walking by with his entourage. And he was walking
5:24
Speaker 4: by and my client knew him, saying, Hey, come over,
5:27
Speaker 4: I want you to meet doctor Jolly. So he comes
5:29
Speaker 4: over with his fur coat and his jewelry around his
5:31
Speaker 4: neck and his diamond bracelet on. He was looking really good.
5:35
Speaker 4: I said, why that young man is balling and anyway,
5:38
Speaker 4: he said. My client said to the football player, hey,
5:42
Speaker 4: doctor Jolly teaches people how to be wealthy. And a
5:44
Speaker 4: young man responded, I'm already wealthy, but I guess I
5:49
Speaker 4: could learn some more ways about real wealth. And we
5:52
Speaker 4: chatted for a minute. I gave him my card and
5:55
Speaker 4: he and his entourage left. I know he prayed the bill,
5:57
Speaker 4: by the way. Anyway, then left. I said to my client,
6:02
Speaker 4: I said, you know what, I bet you that young
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Speaker 4: man thinks he's wealthy, but he's really rich. Now the
6:12
Speaker 4: owner is wealthy. See that young man ran up and
6:15
Speaker 4: down the field, he caught the ball. He was a
6:17
Speaker 4: star in the field. He went to training camp, he
6:20
Speaker 4: went through all the processes and he got a contract
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Speaker 4: and he got millions of dollars. He's rich, right, But
6:26
Speaker 4: the owner didn't sweat. He didn't get on the field,
6:29
Speaker 4: he didn't run up and there. He sipped his key
6:32
Speaker 4: tea or coffee or soft drink. He ate some food
6:35
Speaker 4: while the.
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Speaker 2: Game was going on.
6:37
Speaker 4: But when the game was over, the young man went
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Speaker 4: home with millions, but the owner went home with billions.
6:43
Speaker 4: And when that young man on the field stopped being
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Speaker 4: productive or gets hurt, he's going to be replaced with
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Speaker 4: another young man that the owner chooses. And so I realized,
6:53
Speaker 4: we have to tell people the difference between being rich
6:56
Speaker 4: and wealthy and helping them to grow. And so when
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Speaker 4: I called my friends, the billionaires and millionaires and said, hey,
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Speaker 4: here's my theory on the difference between being rich and wealthy?
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Speaker 4: Am I correct? They say absolutely, You're absolutely right. And
7:09
Speaker 4: here's what you got to do.
7:10
Speaker 3: Now.
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Speaker 4: Now that you know, and you've got the ability to
7:13
Speaker 4: get the word out, you got television, radio, and you
7:17
Speaker 4: can write books.
7:18
Speaker 2: Put it in a book, and so I did.
7:20
Speaker 4: The book is called Riches, Good, Wealthy is Better, and
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Speaker 4: people can go to Riches, Good, Wealthy is Better dot
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Speaker 4: com and read it and get free excerpts from the book.
7:28
Speaker 4: It's in a phenomenal read. And let me say this
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Speaker 4: for the record, this book didn't come from me. It
7:34
Speaker 4: came through me. And I get God to glory because
7:37
Speaker 4: this is a book that's going to change our country.
7:40
Speaker 2: Now let's talk.
7:40
Speaker 3: About the book. A little bit more detailed.
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Speaker 1: You know, my mindset money mindset, because that's what you're
7:45
Speaker 1: talking about. People can drive a car, people can live
7:48
Speaker 1: in a house, and I call that working wealthy anyway.
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Speaker 3: Yes, if you start working, then your wealth goes away.
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Speaker 1: That's what you're saying is there's mailbox money and there
7:56
Speaker 1: was working money. Yes, what you're trying to do is
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Speaker 1: transition people from the world money to the mailbox money.
8:01
Speaker 2: Absolutely.
8:02
Speaker 3: Well.
8:03
Speaker 4: Well, there are two groups that this book is focused on, Rushan.
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Speaker 4: The first group are the people who want to be
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Speaker 4: wealthy but don't know how to get there, and they
8:12
Speaker 4: can take these lessons I've learned from these wealth creators,
8:15
Speaker 4: and look, I'm just teaching what I've been taught. So
8:18
Speaker 4: the first is helping people get to wealth. But the
8:21
Speaker 4: second group, Rushan, is where we are seeing the greatest
8:24
Speaker 4: response is amazing. People are buying it. In volume eight
8:28
Speaker 4: nine ten, one lady bought a box thirty copies. She said,
8:31
Speaker 4: I want one for every child, every grandchild, every niece,
8:34
Speaker 4: every nephew.
8:35
Speaker 2: Here are the people who have worked.
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Speaker 4: Hard all their lives, scrimped, saved, sacrificed, done without so
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Speaker 4: they could create a nest egg and they're concerned that
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Speaker 4: their children will not take care of it and will
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Speaker 4: squander it. Or as one man said to me, he said,
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Speaker 4: doctor Jolly, my greatest fear is that my children will
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Speaker 4: not treat my money like I treated it, and they
9:02
Speaker 4: will go through in months what it took decades and
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Speaker 4: decades and decades for me to grow.
9:08
Speaker 2: I want help. This book is the answer.
9:11
Speaker 4: I recommend every parent, everybody who has a nest eeakee
9:16
Speaker 4: get copies of this for people who are in their family.
9:20
Speaker 4: You asked about the mindset, as you said, and you've
9:23
Speaker 4: read the book. I talk about the five money mindsets.
9:27
Speaker 4: The lowest level is the one day mindset. That's the
9:32
Speaker 4: person who stands on a corner with a cardboard box
9:36
Speaker 4: every day saying, give me enough money for the day,
9:39
Speaker 4: and they repeat that process every day. We've all seen them.
9:42
Speaker 4: Then you got the thirty day mindset, which are the
9:45
Speaker 4: people who are on fixed income, whether they're retirement, social security,
9:49
Speaker 4: or in welfare, whatever it is that it comes in
9:52
Speaker 4: thirty day payments and every month they are looking forward
9:56
Speaker 4: to that next month. They think month, the month. Then
9:59
Speaker 4: you get the one year mindset, people who think a
10:02
Speaker 4: year to year did I make more money this year
10:06
Speaker 4: than last year. Did I get a cost of living
10:08
Speaker 4: raise this year? Then you get the decade mindset, which
10:11
Speaker 4: is the mindset we typically see with athletes and entertainers.
10:16
Speaker 4: A baseball player might get a ten year contract to
10:21
Speaker 4: play baseball and for ten years, one hundred million.
10:25
Speaker 2: Dollars, and he's bawling.
10:26
Speaker 4: He got five Bentley's, four rolls, Royces to five homes Jet,
10:32
Speaker 4: he's rolling, he balling, he got table savers when he
10:35
Speaker 4: go to the club.
10:36
Speaker 2: I mean, he got it all. But if he does
10:39
Speaker 2: not renew.
10:40
Speaker 4: That contract, or if he gets hurt and does not
10:45
Speaker 4: modify his lifestyle, he's going to be broke. And that
10:50
Speaker 4: is why over seventy percent of professional athletes are broke
10:53
Speaker 4: five years after retirement. But then we got the wealth mindset.
10:57
Speaker 4: And the wealth mindset is a mindset that says thinks generation,
11:02
Speaker 4: the generation, the generation. You know, the Bible says that
11:05
Speaker 4: a good man leaves an inheritance for his children's children's
11:09
Speaker 4: great grandchildren. And so my goal in the book is
11:12
Speaker 4: to get each level to go up one level, just
11:15
Speaker 4: one level. The one day guy, it's too big a
11:19
Speaker 4: jump for him to think generationally at this truth. But
11:22
Speaker 4: if I can get him just to go up to
11:24
Speaker 4: the thirty day, and if I can get to thirty
11:25
Speaker 4: day people to get up to one year, and I
11:27
Speaker 4: get to one year folks to get up to the
11:29
Speaker 4: ten year, and I get to ten year folks to
11:31
Speaker 4: get up to the generation, then I've done my job.
11:34
Speaker 4: And so that's why I'm encouraging people to go to
11:37
Speaker 4: riches good.
11:37
Speaker 2: Wealthy is better.
11:38
Speaker 4: Get copies of the book, read the excerpts we have there.
11:41
Speaker 2: But we want to change people's mindset. And you hit
11:44
Speaker 2: it right on the head. It's about a mindset. Wealth
11:47
Speaker 2: starts in your mind, it stoughts in your mind.
11:51
Speaker 1: But also because that creates the planning process. Yes, now
11:55
Speaker 1: from a minority community.
11:56
Speaker 3: You've heard it all the time.
11:57
Speaker 1: You know we're the last to get different as, the
11:59
Speaker 1: last to get hired, the first to get fired, and
12:01
Speaker 1: first get laid off. That's a cycle, especially that one
12:04
Speaker 1: day cycle or that thirty number two mindset, which is
12:08
Speaker 1: the thirty day cycle.
12:09
Speaker 3: Right, you live to check to check. Right.
12:12
Speaker 1: With that being said, people will listening to the show.
12:14
Speaker 1: Let's switch that over to the small business owner entrepreneurs. Yeah,
12:18
Speaker 1: so they trying to survive beyond the thirty day cycle.
12:21
Speaker 1: They trying to get to the year plan because they
12:23
Speaker 1: got to project right. How do you look at them
12:25
Speaker 1: when they come to you.
12:26
Speaker 4: For advice, doctor Willie Jobs, you know, and as an
12:30
Speaker 4: entrepreneur and as a guy who had has had a
12:33
Speaker 4: small business with a small team, and they classify small
12:37
Speaker 4: business less than five hundred people. And so I've had
12:40
Speaker 4: a small business all my life. I got a small team.
12:44
Speaker 4: But here's what I say to entrepreneurs and for those
12:47
Speaker 4: who listen to me on my ex sum show, you
12:49
Speaker 4: know that one of the focus areas is for the entrepreneurs,
12:53
Speaker 4: entrepreneurs and small business people. And I encourage you to
12:56
Speaker 4: tune in after you listen to ra Sean on his show,
13:00
Speaker 4: tune in on Saturday's four o'clock Channel one forty one,
13:03
Speaker 4: re airs Tuesdays and Thursdays at six pm, and then
13:06
Speaker 4: it goes to podcast, the Willie Jolly Wealthy Ways Show podcast.
13:10
Speaker 2: Now here's what I say to small business people.
13:13
Speaker 4: The key to success in growing wealth is discipline. You
13:19
Speaker 4: got to have discipline, and discipline is across all the
13:24
Speaker 4: types of wealth. Cause there are five types of wealth
13:27
Speaker 4: that I discussed in the book. First kind of wealth,
13:30
Speaker 4: of course, is financial wealth. But the second kind of
13:32
Speaker 4: wealth is health wealth. If you are sick, you cannot
13:37
Speaker 4: enjoy the great revenues you're generating. It is said that
13:42
Speaker 4: Steve Jobs on his deathbed said I'd give all the
13:47
Speaker 4: money away for more time. And my friend Les Brown
13:50
Speaker 4: says it like this, and I wrote it in the book.
13:52
Speaker 4: He said, the sick person has one dream, while the
13:59
Speaker 4: health healthy person has a thousand.
14:01
Speaker 3: Three.
14:02
Speaker 4: You want to be healthy, so your health wealth is
14:04
Speaker 4: number two. Number three is relationship. Wealth is not just
14:10
Speaker 4: where you're going, but who's going with you.
14:13
Speaker 2: And that's big.
14:15
Speaker 4: Then you got the fourth type of wealth, which you
14:18
Speaker 4: are so powerful in uh Ra Sean in three and four,
14:22
Speaker 4: particularly relationship because your relationships are incredible. But also your
14:26
Speaker 4: reputational wealth, what people say about you in the marketplace.
14:31
Speaker 4: And finally we call it now a brand, you know,
14:34
Speaker 4: a personal brand, but it's really your reputation. And the
14:36
Speaker 4: first type of wealth is your intellectual capital wealth. What
14:40
Speaker 4: do you know and what are people willing to pay
14:43
Speaker 4: you because of that? So it's about mindset. Wealth starts
14:47
Speaker 4: in the mind and it starts with discipline. You must
14:49
Speaker 4: have discipline to succeed in any of those wealth. If
14:52
Speaker 4: you not help discipline about your health, if you just
14:55
Speaker 4: eat everything you want and never work out and drink
14:59
Speaker 4: all of time and more all the time, then you're
15:02
Speaker 4: not going to be healthy.
15:03
Speaker 2: So you got to have discipline. Please don't go anywhere.
15:06
Speaker 1: We'll be right back with more money Making Conversations Masterclass. No,
15:10
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15:46
Speaker 4: But one more thing about the amount of money you make,
15:50
Speaker 4: because many people say, well, it's about the amount of money. No, no, no,
15:54
Speaker 4: It's about your discipline and what do you do with
15:57
Speaker 4: the money. See regular folks work for the money. Wealthy
16:00
Speaker 4: people make their money work for them.
16:02
Speaker 2: I e.
16:03
Speaker 4: In the book you read the book, I talk about
16:06
Speaker 4: Mary Ellen Pleasant, who was a domestic worker in the
16:09
Speaker 4: nineteen hundreds who never made more than six thousand dollars
16:14
Speaker 4: a year cleaning people's homes. But she lived below her means,
16:19
Speaker 4: and she invested the difference and as a result of that,
16:24
Speaker 4: her net worth rose to two point seven million dollars.
16:29
Speaker 4: She never made more than six thousand dollars a year. Oh,
16:31
Speaker 4: how about the secretary back in the sixties early seventies,
16:36
Speaker 4: before the internet, who the lawyers at her firm would
16:41
Speaker 4: come and say, here's my stock by today. Placed this
16:46
Speaker 4: with my broker. She would make the call and after
16:50
Speaker 4: a while she said, I wonder why they're doing that.
16:52
Speaker 4: So over lunch she would ask them, why are you
16:54
Speaker 4: investing in stocks? Why are you doing that? How do
16:57
Speaker 4: you do it?
16:58
Speaker 2: They taught her.
16:59
Speaker 4: Over lunch she started making the same stock pict sheet
17:04
Speaker 4: that they made.
17:04
Speaker 2: She never made more than forty five thousand dollars.
17:07
Speaker 4: A year, but she started buying little bits of stock
17:10
Speaker 4: like they did.
17:11
Speaker 2: They might buy a hundred share, She buy one share.
17:14
Speaker 4: When she retired she had a portfolio of eight million dollars.
17:18
Speaker 4: And so I'm saying to this folks, rich is good
17:23
Speaker 4: wealthy is better.
17:24
Speaker 2: Now.
17:24
Speaker 4: I gotta tell you, folks, here's some bad news. Everybody's
17:27
Speaker 4: not gonna be rich. The Bible says that the poor
17:30
Speaker 4: will be with you always. Everybody is not going to
17:33
Speaker 4: be rich. But anybody, Oh let me say it again.
17:37
Speaker 4: Anybody can become wealthy if you use these principles in
17:40
Speaker 4: the book, because anybody can do what it says as
17:44
Speaker 4: long as you got three thanks. Listen careful the book.
17:47
Speaker 4: I tell you the three legs to wealth. One income,
17:52
Speaker 4: you gotta have money coming in, some money. Two, you
17:57
Speaker 4: got to live below your means, and then you invest
18:00
Speaker 4: the difference. So you gotta have income, and then you
18:03
Speaker 4: gotta have investments. And the third leg is insurance. You
18:08
Speaker 4: got to protect the asset with insurance. So you gotta
18:13
Speaker 4: have life insurance. If you love your family, you gotta
18:15
Speaker 4: have life insurance. If you want generational wealth, you gotta
18:18
Speaker 4: have life insurance. Number two, you gotta have health insurance.
18:20
Speaker 4: You gotta have car insurance, disability insurance, and long term
18:26
Speaker 4: care insurance. That will maintain the molt, the pit, the
18:32
Speaker 4: force field around your wealth.
18:35
Speaker 2: You do that, you're gonna be on your way.
18:37
Speaker 4: And everybody needs to have that last everybody needs to
18:40
Speaker 4: have at least two streams of income. And in the book,
18:43
Speaker 4: I put the eight streams of income. You got to
18:45
Speaker 4: have two streams of income. It could be thocks, could
18:48
Speaker 4: be bonds, it could be real estate, it could be crypto,
18:51
Speaker 4: it could be collectibles, it could be jewelry, it could
18:56
Speaker 4: be paintings. There are eight streams that you could choose from.
19:01
Speaker 4: Or like you are you creating content, Rashine, You're a
19:04
Speaker 4: content creator. Everybody can do something with their brain, So
19:09
Speaker 4: I think that's important. This book is packed with stuff
19:13
Speaker 4: and I grew because of what I learned in writing
19:17
Speaker 4: this book.
19:17
Speaker 1: Absolutely, and that's why I got you on the show
19:20
Speaker 1: because I'm speaking if you don't know one of the
19:23
Speaker 1: five outstanding speakers in the world, as you can tell
19:26
Speaker 1: you know. The thing about it was the one word
19:29
Speaker 1: that you didn't bring up in this conversation is pride.
19:33
Speaker 1: Come on, somebody, because when you say living be know
19:36
Speaker 1: your means that message.
19:38
Speaker 3: That means that with the plan in the words.
19:40
Speaker 1: I always go back and tell my staff when I
19:42
Speaker 1: was in my twenties, this guy would always tell me
19:44
Speaker 1: white guy.
19:45
Speaker 3: Yep. He would tell me, hey, just save one hundred
19:47
Speaker 3: and fifty dollars a month.
19:48
Speaker 1: In my mind, I could not understand what he was
19:52
Speaker 1: talking about, because my pride went, Man, I could do
19:55
Speaker 1: something with that one hundred and fifty dollars right clothes,
19:58
Speaker 1: right right, I can, I can go on the trip.
20:01
Speaker 3: Yeah, my pride was not allowed.
20:04
Speaker 1: Me to invest that money. Now, twenty years later, I
20:07
Speaker 1: understood what he was talking.
20:08
Speaker 2: About, right right.
20:09
Speaker 3: Pride is not part of my vocabulary or my lifestyle.
20:12
Speaker 2: That's right.
20:12
Speaker 1: That's they's talk about pride because that's what your own
20:15
Speaker 1: book is about. Yep, Lauren applied the pride and then
20:20
Speaker 1: uplifting the.
20:21
Speaker 3: Intellect and the plane.
20:22
Speaker 2: That's right. That's right.
20:24
Speaker 4: In the book, I talk about Bust the stories who
20:26
Speaker 4: you might have had on the store. He's on another
20:29
Speaker 4: channel on XM. Buster dead friend, former pastor. He now
20:32
Speaker 4: teaches people how to get out of debt and how
20:34
Speaker 4: to grow their wealth. And Buster said, when he was
20:37
Speaker 4: a young pastor, he had pride. He wanted to have
20:40
Speaker 4: a Cadillac like the rest of the pastors. He wanted
20:43
Speaker 4: to have fancy clothes. So he lived up to his
20:46
Speaker 4: paycheck all the way, never saving any money. And he
20:49
Speaker 4: said one day and he had to have clothes with
20:52
Speaker 4: the designer label on it. He had to had to
20:54
Speaker 4: have a certain kind of look and a certain kind
20:57
Speaker 4: of clothes. And he said, once I realized that my
21:00
Speaker 4: pride was killing my wealth, I had to let the
21:03
Speaker 4: pride go so I could grab hold of the wealth.
21:05
Speaker 4: And I think that's what we have to do. The
21:07
Speaker 4: other thing that this book talks about is this thing
21:11
Speaker 4: called arrogance.
21:12
Speaker 2: Arrogance that I got the answers.
21:15
Speaker 4: One of the things I've learned is I don't have
21:17
Speaker 4: all the answers and I cannot be arrogant, nor do
21:21
Speaker 4: you want to be ignorant. So if you can get
21:25
Speaker 4: the book, input determined output, what you put in Charinges,
21:28
Speaker 4: what you put out. But if you've got arrogance and ignorance,
21:34
Speaker 4: you on your way down because no one can help you.
21:38
Speaker 4: But as Les Brown says, he says, the arrogant and ignorant,
21:41
Speaker 4: no one can help you.
21:42
Speaker 2: But if you're willing to learn, no one can stop you.
21:45
Speaker 4: And that's what we want people to know that we
21:48
Speaker 4: want you to get this information this book.
21:51
Speaker 2: Oh you know what, I'm so grateful. I was on
21:53
Speaker 2: an interview just.
21:54
Speaker 5: Yesterday and Riches good Wealthy is better Riches Good Wealthy
21:59
Speaker 5: is he's communicating the values of information, consistency, the plan
22:08
Speaker 5: Without any of that, then you will get confusion, frustration,
22:12
Speaker 5: and debt age personal lift that that winds.
22:16
Speaker 3: When that wins, when you're ignorant, that's winds. When you
22:20
Speaker 3: have pride before you're planning.
22:22
Speaker 2: That's right, right, right.
22:25
Speaker 1: We try to get you out of debt and get
22:27
Speaker 1: you in the planning. And the planning part is like
22:31
Speaker 1: looking in the other yard, looking at driving the car,
22:35
Speaker 1: wearing the clothes, going on social media, trying to post
22:41
Speaker 1: because social media has become the biggest I think the
22:44
Speaker 1: advocate of false pride, no questions to compete for images
22:48
Speaker 1: that you don't know if are real or not. That's
22:51
Speaker 1: in your book, Riches Good Wealthy is better. You talk
22:54
Speaker 1: about overcoming the odds a lot in your book. Don't
22:58
Speaker 1: let us set back hole you back, That's right. Why
23:01
Speaker 1: don't you talk about that so much?
23:03
Speaker 2: Well, because I'm a walking talking testament of failing. Okay, failing.
23:10
Speaker 2: I was a nightclub singer.
23:12
Speaker 4: For those who had never read my book, a Setback,
23:14
Speaker 4: set up for comeback, I recommend you go to my
23:17
Speaker 4: website win with Willy dot com. When with willy dot com.
23:21
Speaker 4: Look for my products to help you win icon. Click
23:26
Speaker 4: it and get the book or set back as a
23:28
Speaker 4: setup for comeback. First couple pages in the book, I
23:30
Speaker 4: tell my story where I was a nightclub singer, singing
23:34
Speaker 4: in nightclubs, making a living, winning the awards Best Jazz Singer,
23:38
Speaker 4: Best Entertainer, Best Performer in Washington, DC. We're not a
23:42
Speaker 4: winning the nightclub. The club on the said, we love
23:44
Speaker 4: your band, but we've made a change. There's something new
23:47
Speaker 4: going around called carry yok. I said, what a walker?
23:50
Speaker 4: They said, karaoke and it's a lot cheaper than a band.
23:55
Speaker 4: We're gonna give that a shot for a while. And
23:57
Speaker 4: I said, but what about my bills? I learned that
24:00
Speaker 4: nobody care about your bills but you and the people
24:03
Speaker 4: you owe.
24:03
Speaker 2: Am I right about it? And so I said, what
24:06
Speaker 2: am I going to do?
24:08
Speaker 4: A friend of mine gave me a cassette tape with
24:12
Speaker 4: a motivational messages and a book. The book was called
24:16
Speaker 4: Think and Grow Rich. I never heard of motivational tape.
24:19
Speaker 4: I never heard of a motivational message, and I never read
24:22
Speaker 4: a book from cover to cover. Because see ra Sean,
24:24
Speaker 4: I was half of the class in high school that
24:26
Speaker 4: made the top half possible. Okay, So I read the
24:33
Speaker 4: book and there's a premise in the book that says,
24:35
Speaker 4: wherever there's an adversity, at that same place as a
24:39
Speaker 4: seed for great opportunity. And I said, Okay, where's my opportunity.
24:43
Speaker 4: The opportunity was working for the school system as a
24:46
Speaker 4: drug prevention coordinator. I got this job talking to little kids,
24:50
Speaker 4: little kids about stand away from drugs. From the little kids,
24:52
Speaker 4: the teachers would say, oh, we want you to teach,
24:55
Speaker 4: come talk for our group. And then someone they would say,
24:57
Speaker 4: can you come to my church? And someone in the
24:59
Speaker 4: church say, can you come to my company? And then
25:01
Speaker 4: Les Brown heard about this guy who was a speaker
25:04
Speaker 4: who could also sing, and he was looking for an
25:07
Speaker 4: opening act for his music and motivation Dream Team tour,
25:10
Speaker 4: and he invited me to be an opening act. The
25:13
Speaker 4: tour was Les Brown, Billy Preston, the great organist, Gladys Knight,
25:18
Speaker 4: and a little guy from DC Me. Because of Lesson, Gladys,
25:21
Speaker 4: they introduced me to radio people and I got a
25:24
Speaker 4: little radio show. It got syndicated. You can now hear
25:27
Speaker 4: me across America every morning on Get Up Mornings with
25:31
Speaker 4: Erica Campbell on the Praise Network and as the eight
25:34
Speaker 4: twenty Every Morning. That led to XM, where I now
25:38
Speaker 4: have been on for twenty years, have the number one
25:40
Speaker 4: self Help to Grow Your Wealth show in America, And
25:43
Speaker 4: then that led to a book publisher calling and saying,
25:46
Speaker 4: I like your ideas. Have you ever thought about writing
25:49
Speaker 4: a book? I said no, I never thought about it.
25:52
Speaker 4: He said, let me make you an offer. I said,
25:54
Speaker 4: I just thought about it. I wrote a book called
25:58
Speaker 4: It Only Takes a Minute Changing Life, became a national bestseller.
26:01
Speaker 4: Then a Setback is a setup for Comeback. Became a
26:04
Speaker 4: global bestseller, then turned setbacks into greenbacks, then an Attitude
26:08
Speaker 4: of Excellence, then Chicken Soup for the Soul, and then
26:12
Speaker 4: make Love, make money and make it last. The book
26:14
Speaker 4: I wrote with my wife. We've been married forty years.
26:17
Speaker 4: You've we've been on your show here.
26:19
Speaker 2: I haven't had it.
26:19
Speaker 3: You know, I'll go bring it up.
26:21
Speaker 2: You know, I know you were.
26:22
Speaker 3: I know you were.
26:24
Speaker 2: That's right, A right, ADZ, that's right.
26:29
Speaker 4: And we haven't had an argument in thirty eight years
26:31
Speaker 4: now that we wanted today show. They said you never
26:33
Speaker 4: had an argument? I said no, I didn't say that.
26:34
Speaker 4: I said, we haven't had an argument in thirty eight years.
26:37
Speaker 4: Those first couple of years were like World War Three,
26:39
Speaker 4: but we learned how to not argue. We put it
26:41
Speaker 4: in a book and we also put it on our
26:44
Speaker 4: ted talk.
26:44
Speaker 2: You can get that at Jollymarriage dot com.
26:47
Speaker 4: And then in nineteen ninety nine, I was named one
26:49
Speaker 4: of the top five speakers in the world by Toast
26:51
Speaker 4: Masters two thousand and five, Inducted in the Speaker Hall
26:54
Speaker 4: of Fame in twenty thirteen, named the Top five Leadership
26:57
Speaker 4: Speaker in twenty seventeen, a legend of the speaking industry.
27:01
Speaker 4: And in twenty twenty three, I got the highest award
27:04
Speaker 4: in the speaking industry, the Cabot Award, which is like
27:07
Speaker 4: the Heisman, and I'm the first African American man to
27:10
Speaker 4: get that award. And here's the lesson I say to everybody.
27:14
Speaker 4: I failed, I've messed up, I've had setbacks, but I
27:20
Speaker 4: want to encourage everybody who's listening that your setback is
27:24
Speaker 4: not the end of the story, is not the end
27:25
Speaker 4: of the road unless you choose it to be. A
27:28
Speaker 4: setback is a setup for comeback. And I'm saying to
27:31
Speaker 4: each and every one of you, listen carefully folks that
27:34
Speaker 4: a setback is a setup for your greater comeback. You
27:37
Speaker 4: just have to have the mindset So that answers your question, Rishan,
27:41
Speaker 4: that it is about making a decision and not let.
27:46
Speaker 2: Stuff stop you and not get down in the dumps.
27:49
Speaker 4: And you and I both know we've both been through
27:52
Speaker 4: some tough moments, some tough but we refuse to give up.
27:56
Speaker 2: And that's why we're here today.
27:57
Speaker 1: Finally, you know, as we wrap up this conversation, Willie Jolly,
28:01
Speaker 1: if someone listening or watching can take one message from
28:05
Speaker 1: riches good, Wealthy is better.
28:07
Speaker 3: Yes, what would you want it to be?
28:09
Speaker 4: I wanted to The main message I wanted to be
28:12
Speaker 4: is that you are able to transform your life no
28:17
Speaker 4: matter what your age, no matter what your income. I
28:20
Speaker 4: interviewed a guy the other day, Reggie Irby, who was
28:23
Speaker 4: a drug dealer and a drug addict in West Philadelphia.
28:28
Speaker 4: He was able to get into the service. He went
28:32
Speaker 4: in the Navy, He served his time in the Navy,
28:35
Speaker 4: came out and worked for the fire department. He retired
28:39
Speaker 4: from the fire department, and then he got another job.
28:42
Speaker 4: He retired from the second job. And when he retired
28:44
Speaker 4: the second time, since he already had a retirement from
28:46
Speaker 4: the fire department. They gave him a pool of money
28:48
Speaker 4: twelve thousand dollars.
28:50
Speaker 2: And he said, well, I could go on a what
28:52
Speaker 2: you said earlier.
28:52
Speaker 4: I could go buy a car, or I could go
28:55
Speaker 4: on a trip, or I could do a lot with
28:58
Speaker 4: that money. But he decided to invest at sixty five
29:01
Speaker 4: in the stock market, and he just kept putting a
29:04
Speaker 4: little bit in every month. He's now seventy two, and
29:09
Speaker 4: he said, I now have a portfolio of eight hundred
29:14
Speaker 4: and ninety thousand dollars. What my message for people is
29:17
Speaker 4: never too late to start. And as long as you start,
29:20
Speaker 4: Look when is the best time to plan a tree
29:24
Speaker 4: that takes eighty years to grow eighty years ago, when's
29:27
Speaker 4: the second best time today? Do it now? Go to riches, good, wealthiest,
29:32
Speaker 4: better get the book. Get it for all your children,
29:35
Speaker 4: your grandchildren, people in your family. We're going to change
29:39
Speaker 4: this wealth gap that we have an opportunity by information,
29:43
Speaker 4: and that's my job. I want to thank my friend Rushan.
29:46
Speaker 4: Now did you hear a shout out I gave you
29:48
Speaker 4: on the radio a couple.
29:48
Speaker 2: Of weeks ago.
29:51
Speaker 3: You make me laugh all the time I go, because you.
29:54
Speaker 1: Know I don't want it just been. I just love
29:56
Speaker 1: being a background voice. Oh man, you and my people.
30:00
Speaker 1: I'm felt grateful for you. Man, I am so grateful
30:03
Speaker 1: for you and your friendship over the years. How you've
30:06
Speaker 1: been in my corner and I just want to thank you.
30:08
Speaker 1: We're good, rich is good, wealthy is better than one
30:11
Speaker 1: and only doctor Willy Jolly. And when I come back
30:13
Speaker 1: and interview him again, I gotta bring with you wife story.
30:17
Speaker 1: Yeah you interviewed it from his house. The kitchen was
30:21
Speaker 1: in the back. Yes, she's wonderful. She's just as gracious
30:24
Speaker 1: as he is in providing information that will help you win.
30:28
Speaker 3: Thank you, doctor Willy Jole.
30:29
Speaker 4: Thank you, Sean and folks, thank you and everybody. Go
30:32
Speaker 4: to Richard Good, Wealthy and Better dot com get some
30:33
Speaker 4: of the free excerpt that's our gifted it.
30:35
Speaker 3: Thank you for listening to this episode.
30:37
Speaker 1: Now, I need for you to do me a favor
30:40
Speaker 1: right now to follow or subscribe to Money Making Conversation.
30:44
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30:57
Speaker 3: Keep winning