[SPEAKER_00]: What if I told you the money advice that you grew up with, their advice that kept your family living paycheck to paycheck, could be the very same thing that I would say, keeping you from hitting your financial goals.
[SPEAKER_00]: From you really experiencing financial freedom.
[SPEAKER_00]: You see, right now they're millions and I mean, as millions of people who are working hard every single day.
[SPEAKER_00]: Pain bills, doing everything, quote unquote, right, and they still feel stuck.
[SPEAKER_00]: And it's not because they're lazy.
[SPEAKER_00]: It's not because they're irresponsible, but because they're following a blueprint that was never designed to build wealth.
[SPEAKER_00]: It was never designed to build something of substance, but that blueprint was only designed to survive.
[SPEAKER_00]: And I'm tired of just surviving.
[SPEAKER_00]: If you ever wondered why I am stuck, even though I'm doing everything I was taught.
[SPEAKER_00]: Today's episode.
[SPEAKER_00]: It's going to be for you.
[SPEAKER_00]: Today's episode is going to be specifically for you.
[SPEAKER_00]: Let me ask you this question.
[SPEAKER_00]: Who taught you what you know about money?
[SPEAKER_00]: For most of us, it was our parents, and watch this, it's not about what they physically said to us.
[SPEAKER_00]: It's about what we physically saw them doing.
[SPEAKER_00]: It was our grandparents and watching them struggle and work hard, just to make sure we have food on the table.
[SPEAKER_00]: Or maybe it was just someone who we love, but here is the truth.
[SPEAKER_00]: Most of them never built wealth.
[SPEAKER_00]: They survived and watched this.
[SPEAKER_00]: They look good surviving.
[SPEAKER_00]: and they kept the lights on, but they never had the tools, the true tools to build something bigger than survival.
[SPEAKER_00]: That they lived off of this thing.
[SPEAKER_00]: That as long as I got a roof over my head, close on my back and food on a table.
[SPEAKER_00]: Thank God, thank God, thank God.
[SPEAKER_00]: But here's the truth, if we keep following that message, that map, we're going to end up exactly where they are and where they did.
[SPEAKER_00]: So let me apologize to my parents and to my grandparents right now because they gave me the very best that they could, but that blueprint doesn't work.
[SPEAKER_00]: It doesn't work.
[SPEAKER_00]: Um, there was a few years ago, I was sitting across from a young woman, she was about 28 years old at the time, making about $72,000 a year.
[SPEAKER_00]: Well, I'm sitting there, she's crying, not because she was broke.
[SPEAKER_00]: But because she done everything, quote unquote, right, car notes through the loans, credit cars, all the responsible things her parents taught her, and she was current on everything.
[SPEAKER_00]: She had no savings, she had no investments, just a pile of payments that felt like chains, but she was looking good.
[SPEAKER_00]: And she looked at me and said, Anthony, excuse my French, what the hell am I doing wrong?
[SPEAKER_00]: And I have that image vividly in my head and I told her, I said, yeah, you're doing something wrong, but technically you're not doing anything wrong.
[SPEAKER_00]: You're just following the wrong blue print.
[SPEAKER_00]: The blue print you're following is what your parents and what the generation before yours do.
[SPEAKER_00]: Survive.
[SPEAKER_00]: It didn't have a drive, blue print.
[SPEAKER_00]: And she was like, I'm gonna family, I want freedom.
[SPEAKER_00]: I'm tired of working just to survive.
[SPEAKER_00]: How come like, how come this work is not put in me here and let it me go there and put in the imposition to do this?
[SPEAKER_00]: And then I gave her a blueprint.
[SPEAKER_00]: I'm not really a blueprint, but we had to really talk about some of the beliefs and right now I, China, China makes sure I stay on track because I'm getting a looting most on here, right?
[SPEAKER_00]: But today, I'm going to show you the three beliefs that most families passed down.
[SPEAKER_00]: And these are the beliefs that I believe that are quietly destroying some of our chances to build real financial freedom.
[SPEAKER_00]: These beliefs came from love, but love doesn't make a belief true, and survival isn't the same as thriving.
[SPEAKER_00]: So again, I want to say, Mom, Dad, if you're watching this, I love you.
[SPEAKER_00]: But I also heard my parents say, I want you to do better than me.
[SPEAKER_00]: And these are coming from things that I've learned.
[SPEAKER_00]: I've learned way more good than negative.
[SPEAKER_00]: These are the things that I've learned that I got to do better.
[SPEAKER_00]: And we got to do better.
[SPEAKER_00]: How many of us, I mean, ask for this, how many of us grew up hearing?
[SPEAKER_00]: Everybody's gonna have a car, no.
[SPEAKER_00]: Everybody's gonna have suit alone.
[SPEAKER_00]: It's just how it works.
[SPEAKER_00]: You just kind of make your payments on time so your credit doesn't hurt.
[SPEAKER_00]: Let me age you with this fact.
[SPEAKER_00]: The average car payment in America right now is over $700 a month.
[SPEAKER_00]: That's $8,400 a year gone and for what a car that loses value, the second you drive off the freaking locked.
[SPEAKER_00]: When our parents was paying me, paying maybe $100 to $200 a month.
[SPEAKER_00]: Back in them days.
[SPEAKER_00]: So, so times have changed and here's the truth.
[SPEAKER_00]: that is not a fact of life, that is honestly a choice.
[SPEAKER_00]: But most of us were taught to manage that not to eliminate consumer debt.
[SPEAKER_00]: We were taught as long as you make the payment on time, your credit score will be good, and you'll always have access.
[SPEAKER_00]: But no one taught us how to get out of debt, doesn't it bother you?
[SPEAKER_00]: Well, I was about to hit my desk.
[SPEAKER_00]: Doesn't it bother you that we were taught to consume, but not to own?
[SPEAKER_00]: And here's the common mistake, thinking you can out-earn your debt.
[SPEAKER_00]: You can't build wealth on a cracked foundation.
[SPEAKER_00]: The system was made for that.
[SPEAKER_00]: So here's the action stuff of what I need you to start doing today, today.
[SPEAKER_00]: I'll make, if I was you, I won't make getting out of the somber debt, my number one priority.
[SPEAKER_00]: This is where you can log into the end of black app, go to anthonylo.com for slash app.
[SPEAKER_00]: And this is where you're going to upload all your debt, all of your stuff, and it's going to give you an actual update, you're going to get out and you're going to really get on the plan to get out of debt, because if I was, let's say, 25 years old, huh?
[SPEAKER_00]: I wouldn't buy a car that I deserve.
[SPEAKER_00]: I would buy the car that I could pay cash for.
[SPEAKER_00]: If I was 35 years old, I would refinance or pay off, you know, all of my consumer debt aggressively.
[SPEAKER_00]: Now, if I was in my 40s like I am now, just now starting, I would downsize if I have to, because I firmly believe that freedom is worth more than actual stuff.
[SPEAKER_00]: And when I say freedom, I'm talking about financial freedom.
[SPEAKER_00]: financial freedom.
[SPEAKER_00]: It's worth more than access to it.
[SPEAKER_00]: Check this out, family.
[SPEAKER_00]: Did you know that nearly 4 in 10 Americans still have zero money invested in the stock market?
[SPEAKER_00]: That's a gap where wealth is built or missed.
[SPEAKER_00]: If you're just saving, you're falling behind because the market's average close to about a 10% a year for a century.
[SPEAKER_00]: While your savings account is barely keeping up with inflation.
[SPEAKER_00]: I want to make this plan.
[SPEAKER_00]: If you wait just five years to start investing, you could lose out on hundreds of thousands of dollars and future wealth.
[SPEAKER_00]: That's not hype.
[SPEAKER_00]: That's real math.
[SPEAKER_00]: The wealthiest 10% of Americans now own over 90% of all sides, because they started and they stayed consistent.
[SPEAKER_00]: But here's the thing, you don't need to be rich to honestly get inside of the investing game.
[SPEAKER_00]: With platforms like so-fi and best public and moomu, you can openly account today, start with as little as a dollar, literally, and buy fractional shares of the same assets that have built generational wealth for millions.
[SPEAKER_00]: No commissions, 100% no excuses on your area.
[SPEAKER_00]: Listen, I need you to hear me clearly, stop sitting on a style long.
[SPEAKER_00]: Go to amphonyonyo.com for session vests right now to compare the top investing platforms and open your first investing account today.
[SPEAKER_00]: Your future self and your children's children will thank you for taking action right now.
[SPEAKER_00]: We have to start building wealth, not just watching others get rich.
[SPEAKER_00]: do not let another year go by.
[SPEAKER_00]: As a matter of fact, don't let another day go by.
[SPEAKER_00]: Take the first step family.
[SPEAKER_00]: Visit anthonyonew.com for Sasha Invest.
[SPEAKER_00]: Let's get to work.
[SPEAKER_00]: Let's start investing ASAP.
[SPEAKER_00]: Let's get back to the show.
[SPEAKER_00]: Here's belief in the two.
[SPEAKER_00]: That a good job is to go.
[SPEAKER_00]: for generations, getting a good job was to dream.
[SPEAKER_00]: But here's the trap.
[SPEAKER_00]: Income doesn't bill wealth, income is not wealth.
[SPEAKER_00]: I've met people making six figures, seven figures with zero network.
[SPEAKER_00]: The broke.
[SPEAKER_00]: Don't live in paycheck to paycheck, like a lot of us.
[SPEAKER_00]: If all you do is chase a paycheck, you'll always be wanting emergency away from being broke.
[SPEAKER_00]: You'll always be wanting emergency away from your life, flipping over financially.
[SPEAKER_00]: Without saying any names, one of my friends was making about $120,000 a year, but after taxes, dead and lifestyle, he had nothing left.
[SPEAKER_00]: But honestly, living paycheck to the paycheck and reality, I was watching this interview with Earn Your Leisure and the lay acts to them, acts to them, both Troy and Resort.
[SPEAKER_00]: What is that thing?
[SPEAKER_00]: That's pre-bending people from building wealth.
[SPEAKER_00]: It's life now.
[SPEAKER_00]: living above your knees.
[SPEAKER_00]: And he says something not, and I will, I will always respect Rashad.
[SPEAKER_00]: He said, man, I have to fight that.
[SPEAKER_00]: And that's the truth.
[SPEAKER_00]: Man, I remember when I made my first, you know, two, three million dollars, I saw them seven figures in the account.
[SPEAKER_00]: The very first thing I was like, well, shoot, I got this money.
[SPEAKER_00]: I can go by my big dream home.
[SPEAKER_00]: This is, I think I told you all before.
[SPEAKER_00]: This is I almost four years ago.
[SPEAKER_00]: And I went, and I got the home, and I was like, whoa, whoa, and I came back, bought the land, the homes and cars about like $2.8 million the land cost me about $600,000 dollars, and I was like, I got out the deal.
[SPEAKER_00]: Because I didn't want to be wealthy on paper, but broken reality, because I overextended myself.
[SPEAKER_00]: So, if I were starting today, I would build multiple strings of income, and I would start a side hustle, invest in skills, and learn about real estate or digital income, immediately.
[SPEAKER_00]: If I was, let's say, 25 years old, I would start a hustle, even if this just $200 a month.
[SPEAKER_00]: If I was in my mid-30s, I'm investing heavily into my 401k and starting to learn about real estate because now I should be in a real good career field.
[SPEAKER_00]: Now if I was 45 to 55, right?
[SPEAKER_00]: I'm looking for ways to really cut my experiences, watch this into consulting and coaching.
[SPEAKER_00]: And I'm honestly going to be doing something later this year that's going to really help people in and consulting and coaching phase.
[SPEAKER_00]: Because I think, well, I don't want to say too much.
[SPEAKER_00]: I'm going to say too much.
[SPEAKER_00]: Let me go on to believe number three.
[SPEAKER_00]: Please number three.
[SPEAKER_00]: Money isn't something you talk about.
[SPEAKER_00]: How many of you grew up in a home where money was never discussed?
[SPEAKER_00]: Let's go deep.
[SPEAKER_00]: Money in sex was never discussed.
[SPEAKER_00]: We're asking about bills or income felt disrespectful.
[SPEAKER_00]: When asking mom dead, how come we can't go to this particular place was kind of disrespectful?
[SPEAKER_00]: The silence was honestly, I think, our parents thought was once protection.
[SPEAKER_00]: But that same silence today is a wealth killer because now we're multiplying and reduplicating what we saw.
[SPEAKER_00]: Generational wealth doesn't transfer through silence.
[SPEAKER_00]: It transfers through intentional conversation and intentional direction on what we need to do.
[SPEAKER_00]: And when in most common mistakes, I see within our families and specifically within a black community, thinking humility means never talking about money.
[SPEAKER_00]: In reality though, silence is a generational tax.
[SPEAKER_00]: and I had to learn that from myself.
[SPEAKER_00]: I had to learn that me being silent and not talking to the young people who are growing up and calling me their mentors and looking up to me for me not talking to the two by two adopted daughters who are technically my cousins and not really having an honest, hard conversation about my with them.
[SPEAKER_00]: That's gonna hurt them.
[SPEAKER_00]: And parents let me say this, let me say this.
[SPEAKER_00]: If you're going through financially right now, you have teenager teenagers and middle schoolers.
[SPEAKER_00]: You being silent and not telling them, hey, this is where your dad, this is where your mom, this is where your parents are financially, and we need you to understand this.
[SPEAKER_00]: Because while we are here, son, this is why we need you to get A's and B's in school.
[SPEAKER_00]: So you can get a scholarship and go off to a four year university or you can, you know, graduate high school and get into a trade school, whatever that is, son, and we can set you up right.
[SPEAKER_00]: So you don't have to be 30, 40, 50 years old, 60 years old, struggling financially.
[SPEAKER_00]: Silence kills your children.
[SPEAKER_00]: Silence kills the possibility of wealth
[SPEAKER_00]: entering into your family because you do not want to hurt them.
[SPEAKER_00]: You think it's too much for them, but no exposing it honestly helps them understand.
[SPEAKER_00]: I see what debt does to families and I don't want to experience that.
[SPEAKER_00]: So if I was starting today in this part, I'm making a money conversation
[SPEAKER_00]: I will be talking about money every single month with my children.
[SPEAKER_00]: This is what we have, this is what we owe, and this is what we're building, and this is where we're headed.
[SPEAKER_00]: If I was 25, I would ask my parents about their financial story.
[SPEAKER_00]: And I've done that.
[SPEAKER_00]: It wasn't until I was about 30 something years old that I realized that my biological mother was an actual bread winner in the family.
[SPEAKER_00]: And it all makes sense.
[SPEAKER_00]: And I said, it's with no dishes, but this is just a truth and reality.
[SPEAKER_00]: My dad worked one job and came home and tried to build a business while my mom worked three jobs.
[SPEAKER_00]: I get my hard work ethic from my biological mom because I saw my mom put in a work.
[SPEAKER_00]: I saw my mom do what she had to do for her family to survive.
[SPEAKER_00]: So I took that same mindset from my mama.
[SPEAKER_00]: Thank you, Mama.
[SPEAKER_00]: And I put that in a different blueprint because I don't want to just survive.
[SPEAKER_00]: I want to thrive.
[SPEAKER_00]: And so when I had a conversation with my mom and my other father and I realized that my mom was a breadwinner and it made all the sense in the world.
[SPEAKER_00]: Now if I was 30 and my mid-30s, I'm starting to have the money conversation immediately with my kids.
[SPEAKER_00]: And I want them to ask me some uncomfortable conversations.
[SPEAKER_00]: I want them to ask like, I'm taking them to the bank and I'm showing them how much money we got in the bank.
[SPEAKER_00]: I'm showing them at 40 years old son.
[SPEAKER_00]: I only have $30,000 in my investment portfolio.
[SPEAKER_00]: And if I don't put more money in here, it's going to hurt you because you got to take care of me.
[SPEAKER_00]: but don't you be this age and how the same money?
[SPEAKER_00]: I'm having the conversation with my children.
[SPEAKER_00]: Mom, dad, can I get this for this?
[SPEAKER_00]: Yes and no, no, I'm not giving it to you, but you can take it but out there, cut that grass.
[SPEAKER_00]: You can take it behind it there and wash them cars.
[SPEAKER_00]: And if you do that, I'll give you $16, $15 an hour.
[SPEAKER_00]: Now, we're teaching them how to earn money.
[SPEAKER_00]: We're raising a, we're raising a lazy generation.
[SPEAKER_00]: And I remember sitting in a home.
[SPEAKER_00]: play in PlayStation.
[SPEAKER_00]: I remember my mom and dad said, my mom and dad said, all right, boy, go out there and play, play basketball, go out there and get something to energy out.
[SPEAKER_00]: Man, this generation is different.
[SPEAKER_00]: My mom and I was so short.
[SPEAKER_00]: My dad had me and my little sister watching dishes at the age of five.
[SPEAKER_00]: He will pull a chair up to the sink.
[SPEAKER_00]: And after dinner, I will step up on that chair.
[SPEAKER_00]: My sister was stepping for her chair.
[SPEAKER_00]: I will wash event with rents.
[SPEAKER_00]: We were having, we got to start changing how we're having this comes to say some with our children.
[SPEAKER_00]: And if I'm in my 40s now, this is what I'm doing now.
[SPEAKER_00]: I'm sitting now with my family, and I'm sharing them the financial plan that I have for myself.
[SPEAKER_00]: And I'm asking my parents now about their financial plan.
[SPEAKER_00]: And when I get married, when I start dating someone seriously with the intended marriage, man, yeah, for sure.
[SPEAKER_00]: I'm, this is where we are financially.
[SPEAKER_00]: This is why I'm at financially.
[SPEAKER_00]: Where are you financially?
[SPEAKER_00]: What are your goals?
[SPEAKER_00]: Where are we going?
[SPEAKER_00]: So the question of asking you, what does the new blueprint look like for you?
[SPEAKER_00]: I'm gonna give you three pillars that I blink at that I believe needs to be inside your blueprint.
[SPEAKER_00]: The pillar number one has dead freedom, because dead freedom is the foundation.
[SPEAKER_00]: You can't build on a crack foundation before you impress, before you build, before you even start giving generously to other people, you dotting it free for yourself and for your family.
[SPEAKER_00]: Just pillar number one, pillar number two, is you gotta come up with different revenue streams.
[SPEAKER_00]: that is a strategy that's not a luxury.
[SPEAKER_00]: One scheme of income is one point of failure.
[SPEAKER_00]: So I need you to start small, I need you to start right now, and I need you to build.
[SPEAKER_00]: Start.
[SPEAKER_00]: Just build number two, pull number three.
[SPEAKER_00]: I need you to have financial transparency within your family.
[SPEAKER_00]: I need you to break the silence.
[SPEAKER_00]: If you're struggling, if you're hurting right now, be honest with your loved ones.
[SPEAKER_00]: because the conversation you have today could be the inheritance your grandchildren never have to work for.
[SPEAKER_00]: I'm going to say that one more time.
[SPEAKER_00]: The conversation you have today with your children could be the inheritance your grandchildren never had to work for.
[SPEAKER_00]: What do you mean by the Anthony, if you tell your kids how you're struggling, it's going to snap them to not struggle when they get in a new mindset now they're able to leave their kids and inheritance because of the conversation you had out of out of bonus.
[SPEAKER_00]: So, as we end this show, I want to give you some practical role map directions.
[SPEAKER_00]: that I think you need to be doing.
[SPEAKER_00]: That I've done personally, which is number one, I need to write down the ability about money you inherited.
[SPEAKER_00]: I want you to write this down and circle the ones that are holding you back.
[SPEAKER_00]: And when you circle those ones that are holding you back, I want you to really remember those and bring that to your next therapy session.
[SPEAKER_00]: Because here's the truth that a lot of financial people do not want to say.
[SPEAKER_00]: that we can give you this roadmap of what I'm about to give you.
[SPEAKER_00]: I can give you the tools and the resources to build wealth, but if you don't get these beliefs out of your heart, out of your mind, it ain't gonna work.
[SPEAKER_00]: So you need to write down your honest beliefs about money.
[SPEAKER_00]: and take those in and have an honest conversation with your therapist not about the practicality side of money but the belief your your your your your mental your your spirit thoughts around money because when we can get those healed now the practical stuff going be easy then number two is pick one belief once you get through that I need you to break it
[SPEAKER_00]: And when you start breaking these beliefs, I need you to write down new beliefs that you want to live by.
[SPEAKER_00]: Here's number three.
[SPEAKER_00]: Take one action step this week.
[SPEAKER_00]: Pay off one of your credit cards, start a side hustle, start having money conversations with family members and peers.
[SPEAKER_00]: Number four, share this episode with someone you love.
[SPEAKER_00]: Don't let the silence continue.
[SPEAKER_00]: One of the things that I love about my friendship circle is that, man, we talk about money every week.
[SPEAKER_00]: Because we realize that the cycle ended with us, with our generation.
[SPEAKER_00]: It's not gonna end with my kids, it's not gonna end with my grandchildren, it ends with me.
[SPEAKER_00]: And oftentimes with me and my friends would do, man, we would sit down and have this conversation.
[SPEAKER_00]: We'll write it down.
[SPEAKER_00]: We'll even get up on a drawing board.
[SPEAKER_00]: What are some of the things that we want to do for our families?
[SPEAKER_00]: And we will have a honest conversation.
[SPEAKER_00]: And I remember on that one time, the very first time we did this meant I think out of seven of us men who were in that room, three of us will cry and when when when I won't say the names because I want to protect that room, when one of the guys access this question, why are we crying, it was because we for the first time ever we were in a space that we filled honestly that we can have a true honest learning conversation and not be judged.
[SPEAKER_00]: All of us in that room were not, and it'd go a place financially, but we had the means to be there financially, but we didn't have the right blueprint.
[SPEAKER_00]: I was in a room, but I can't be honest with you.
[SPEAKER_00]: I didn't even have the right blueprint.
[SPEAKER_00]: I had a blueprint, but it wasn't the right one.
[SPEAKER_00]: So all seven of us was able to talk about the beliefs that grew up in the things that we saw, that changed how we believed, that incorporated, that contributed to how we believed.
[SPEAKER_00]: And when we did that,
[SPEAKER_00]: If you can get on the phone with your girlfriend and with your homeboy and gossip, man, you can get in the room for an hour or two hours and gossip about your future.
[SPEAKER_00]: Gossip about the grandchildren being met yet.
[SPEAKER_00]: Gossip about the children you haven't even met yet.
[SPEAKER_00]: If we can spend all this time creating content and responding to other people's drama,
[SPEAKER_00]: Get in the room, get on zone, get on the phone and change your beliefs around money.
[SPEAKER_00]: Yeah, I'm over my time.
[SPEAKER_00]: Share this.
[SPEAKER_00]: on how to create a space.
[SPEAKER_00]: It's almost like, I know if it's a webinar, but I want to create a community of people to where we want some money on this particular day.
[SPEAKER_00]: We all get in the room of five to ten people.
[SPEAKER_00]: And we all dream.
[UNKNOWN]: I think we're doing that.
[SPEAKER_00]: Let me know if that's a good idea.
[SPEAKER_00]: Let me know in the comments if you think that's a good idea.
[SPEAKER_00]: Like across the world, wherever we are,
[SPEAKER_00]: And what I'm even thinking about doing is creating an actual conversational PDF that everyone will have to go through and answer inside and map out and write out to it's almost like a conversational guide.
[SPEAKER_00]: But minimum five people to max 10, I can't say minimum, whether minimum of three people so it could be a healthy conversation, but the max 10
[SPEAKER_00]: order some food, get some pizza, get some drinks if you drink.
[SPEAKER_00]: Hell, smoke a cigar.
[SPEAKER_00]: Do whatever you want to do, but get in the room with people.
[SPEAKER_00]: I'm thinking about creating that into a day.
[SPEAKER_00]: we're on this particular Saturday, we have whatever amount of people across the world in Ghana and Africa and in the States and Canada and London.
[SPEAKER_00]: Let me know if this is a good idea in the comments section.
[SPEAKER_00]: I want to do, I really do want to do it.
[SPEAKER_00]: Y'all should blow Anthony on the show.
[SPEAKER_00]: Share this with somebody.
[SPEAKER_00]: I'll see you in the next show.
[SPEAKER_00]: Peace out.