Welcome, welcome were very excited to have you at the barnes noble event series. Featuring john bryant and latest best seller the memo five rules for your economic liberation were very excited to have you with us today and we also want thank barnes and mobile for , you know, allowing us to be here with all of you. John hope bryant is founder chairman and ceo of operation hope. Largest Nonprofit Organization and United States focusing on Financial Inclusion and financial serving over 3. 6 million youths and adults since 1992. Chairman bryant is also the chairman and ceo of the Group Venture and promise home company the largest for profit minority controlled owners for Single FamilyResidential Rental homes in the United States. In addition to that, chairman bryant was recently named by American Bank and magazine for the 2016 innovator of the year. And hes also served last five United States president s as a counseling as a counselor and advisor for all of them. Were very excited to have him this afternoon. And we look forward to a great conversation and book signing featuring his latest best seller the memo without further adieu, i like to invite and introduce afl you to chairman, founder, ceo john hope broint at this time and hi friend. [applause] come here, so because im founder hey buddy. Because im a founder of operation i dont know if i can change rule here honor citizen is one of our individual Success Stories so i prefer if you hear from her first is that okay . Im sorry im from a black church everybody responding. Is that okay . Yes. Yeah, okay. Part of the work of operation hope and again as i mention john hope brient is the visionary of our organization. Is Financial Inclusion and empowering youth and adult to improve economic quality of life one of those individuals who have been blessed by chairman bryants vision in the work of operation hope is laverne, she has been such an inspiration to not only those of us at operation hope but the community that we serve especially here in the great city of atlanta. Laverne has is going to tell you a very inspirational story about her life, her path, her journey, to empowerment. But also how it could affect each and every one of us so without further adieu i would like to have ms. Laverne come up with a Small Business program part of operation hope tied to ebenezer location here in city of atlanta so without tort adieulet have round of applause for ms. Laverne. [applause] hello everyone. My name is laverne and im from tampa, florida. And i have a 26yearold son im also second oldest of three siblings and a aunt of one beautiful niece and two handsome nephews but mostly i would read my speech but today i felt inspired to go ahead and seek my speech free style. I would normally read it because i do suffer from posttraumatic stress disorder so i pause it is because im rying to recall some information. But i migrated from florida in 2015. After i had received my masters of Business Administration in 2013. Unfortunately, i was not able to utilize my degree in Corporate America back at home the way i thought that had i would be able to so i was encouraged to migrate here in 2015 and to explore some opportunities here locally. I have a nice savings enough saved, and i committed myself to a commission only position in Insurance Industry which was very costly in the long run. So to make a long story short, i was doing very strong and well ended up going through afl my savings, client started canceling, i lost my commissions and edably lost my apartment. So probably around in december of 2015, i would end up calling had my vehicle home for about three days. Afterwards i staid at the Salvation Army from calling different shelters trying to find a place to secure some housing i was compelled to start calling different shelters and Salvation Army was kind enough to open up their doors or for six lornlg character building month when is i would receive a diagnosis as being posttraumatic stress disorder and from the crisis that i went through. The lady over at the Salvation Army she gave me a referral for a Housing Program where im currently living at now for permanent housing which is in the king district. So one day, i was walking in the neighborhood and decided to stop at the king district to see what exactly was on these grounds. Being from florida, im trying to connect more with my heritage, and so as i was walking through the church, i saw sign that said operation hope cafe. And i received some good Old FashionedSouthern Hospitality from the staff at operation hope. So i started asking questions what is this operation hope o about . So it was explainedded to me basically you can turn your dreams into reality. So coming from brokenness with crisis and housing and everything, that really had inspired me. So i immediately connected with my credit counseling couch who started working on my credit repeer and then three months my credit score increased by 40 to 50 poins. Then i was encouraged to take a homeowners Workshop Program where i met mr. John hope at the first time and so u throughout this whole process, im getting these coaching these coaches that would normally cost 500 to 5,000 an hour to help you free of charge now i just graduated last week from the Small Business entrepreneur class because my aspiration is to start a nonprofit 501c3 for those prevention. My profit, my nonprofit will financially support their enkefers by paying their application fees and rental deposits for those transitioning out of a homeless situation and to permanent housing. I didnt think that this was have been possible because of my disability changes without a Financial Plan and not having any support from anyone on the outside. Well operation hope steps in and my business advisor wases able to help me put together a Business Plan and i also received support are from a Financial Advisor on my financial for my company. In march of this year, i was able to register my companys name. Probably not probably but next year within six months i should be up and running off the ground because of the support that i received from operation hope. Not only that, i have a life coach that is helping me literally set realistic goal and put a plan of action into place that is totally realistic for me to achieve within the next year to 200. Another goal of mine is to be homeowner before 2020 with operation hope helping me with with my excuse me with operation hope helping me with my budgeting, Financial Planning, this will definitely be possible and so here today, what i want everybody to really take from this conversation is, so many people say theres no help out here. That we cant get anyone to help us. With operation hope theyre not just talking about a dream. Theyre making a dream become reality. And one of my famous quotes from a very worthy history maker mr. John hope himself is doing good for others pays off. And i want to thank everyone for listening to me today. [applause] is that inspiring . Really this many compass of what john hope brient and book is about the memo you know laverne took it upon herself to empower herself she didnt allow to say they were not possible an allow obstacle and interaction in her life to keep her from staying focused on the the goal and her dream. And so shes a great example of, you know, following through and and making things happen for her life. I was able to attend her Graduation Ceremony this past week with ten other graduates. And it really just speaks to the spirit of the memo and so were very excited to have you here today. To hear directly from the author himself John Hope Bryant im proud to say been a friend of john since going back to compton. Over 30 years. And recently i just moved to atlanta so im even more excited to be here personally to share this experience with you. So again without further adieu lets give a round of applause for founder chairman and ceo of operation hope John Hope Bryant. Its hard to spike publicly and she did a great job, and one note is all from your heart. From this wonderful store barnes noble. Women empowerment who said with guys running these and world screwed up. Could be true thanks for having me here. What did you say youre not running store youre running a part of the community. Part of the community so honored to be here thanks for having me. Thanks for being here. I want to thank cspan for for recording this and getting wortd word out o about what were doing and the crew that is part of the atlanta process for cspan which is first class run by oughts woman of empowerment. I have been speaking all over the world. 100 countries ive had had a chance to travel to. Countless cities and i get to see all of the reflections of us all of the complexions of us. And what is really interesting about this bock and about this message is that it is universal. The last time i spoke was in new york city last week and audience what was also filmed was mostly main stream. This audience is mostly of color. And what is beautiful about this is some people would say that we dont read books. Its real tack. Talk but the reality is that Number One Group of book buyers are black women. I dont know if you knew that. Number one group of book buyers are black women. And if you look at what is propelled this book of what got my facebook wrong at 11,000 followers a week, a week on Financial Literacy and Economic Empowerment is primarily but primarily people of color. Who decided to take their life back and so you should be proud of sitting in a moment in history and being part of history making. History never feels historic when youre sitting in it. If you seem like another day. So what if i told you that the new color wasnt black, white, red, brown, or yellow as in skin color . But the new color was green . As in the color of u. S. Currency. What if i told you that the next movement was not going to be in the streets as in civil rightses. But more so in the sweets as in silver rights. What if i told you it wasnt about raising color line but really about class and poverty. What if i told you that were sit manager a moment in history but history never feels historic when youre sitting in it but like another day but that doesnt mean history is not changing right underneath your feetsome and some people would say in the midst of all of this that theres a conspiracy to keep, quote, some people down. Im going to confirm today that theres a conspiracy. But its not the conspiracy you think. Its not white people against black people. Its not black people against brown people. Its not indian and asian against anybody else and none of the things that you thought or youve been told. If those who had unconsciencely against those who dont. So nobody is getting in the morning saying that they hate you or they want to jam you up or see you as a failure. Nobody has energy for all of that. People who make money and Building Wealth arent getting up thinking about you. And thats the rob. Did you get that . I tell you im from black church used to seeking to respond i didnt know were having a conversation. Hey, tim are we having a conversation is this okay. With a q and a by the way i have no notes here. This is from my heart from my head right directly to you. So i know what im talking about. Feel free to interrupt me whenever you feel compelled. Theresst a conspiracy but its not the one you think. The the issue is is not love or hate today its radical indifferent. Nobody cares enough about you to hate you. Now i dont marine that literally and i dont mean your family loves you, your friends love you. But people on the streets those who are Running Companies those whosh Building Wealth. Care mostly about themselveses so not waking new the morning let me hurt, hate on you. Theyre talking, in fact, its a high level of private schools. Private Roads Private communities. Private planes, private security, private lives. They dont hate you. Theyre not thinking about you. And i put this in the the book. Im getting ahead of myself and talk about rules and then were going to have a real conversation. So rule number one with on this conspiracy that is under mine and your aspiration when i say your aspiration i need to be clear because this is primarily an audience of color but for the same thing to a mainstream caucasian audience to a meet in new york city and say to everybody is that your problem today is not that u youre black or white but what i call the invisible class. Youre invisible l to power youre invisible to wealth youre invisible to you dont feel like your vote counts thats why 100 Million People didnt vote. Theres a prom innocent guy who has done a lot for civil rights but he didnt vote but proud and didnt vote but i have a problem for that and that creates an environment where some people become elective in office that dont represent your interest or maybe even public interest. But we endorse that by note voting. But when owe feel invisible you dont show up in your own life extremely important point that means bad guys win. So i want to make clear here that theres a boogeyman in your life but its not just your life but 0 of everybody in america because 70 of all americans are living from paycheck to paycheck. So if youre living in new york city and making 70,000 a year, youre struggling to make ends meet and living in atlanta, georgia, making 50,000 a year, 40,000 a year which is palace struggling to make ends meet can i get an amen you sew that wasnt a black amen wasnt a white or lat know amen but just an amen youre living in small town of alabama making 30, 25,000 a year and shrug ling to make ends meet and live in a white Rural Company 25,000 a year struggling to make ends meet. So you have too much at the end of your money. Theres a third of american who is have to sell their car to raise 3,000. 65 of americans dont have 500 in savings for an emergency. Did you hear that . 65 of americans dont have 500 thats not a racial thing thats a human thing. And so theres something going on in if the world this is a global issue by the way. 1 of the worlds population own half of the wealth of the world. Im going to repeat that. By the way these are not just rich caucasian but rich aaron, rich russian yes rich africans, these are just rich people from all parts of the world who got the memo. So you have 1 in the world that own hatch of the worlds wealth not equity and not sustainable but theres a way to go about leveling that Playing Field that makes sen and way to go about it that does not. Let me tell you the way it does not people say well we like socialism. Im saying they say they hate rich people heres any response to that. No you dont. No, you dont you hate a rich people until you become rich. Can i get an amen. Amen. What you hate is a gamed system. What you hate is being manipulated. What you hate is feel like no matter how hard you work, you just cant prosper. Youre on a treadmill and no matter how hard you work, no matter how hard you take care of your children you cant seem to get ahead and if youre smart and intelligent and you want to get a College Degree and you kept your nose clean and didnt break any law and never went to jail and yorp a model citizen, and you cant succeed theres a perception then that it must be a rigged system. Correct . Ill suggest Something Else you never got the memo and it is not written down anywhere and not in a university book. Its not in a curriculum no one ever taught you me know not written down not for you but 80 in fact world never got memo so become to the concept of we want socialism. Not just what the crown prince of norway yesterday in new york who is the it future king of thor way which as you know that part of the world is known for sort of a socialist type of approach. But its not socialism. Because even if you wanted to have money like a socialist this is perez told me this when i was in jordan he was in israel you must collect money like in israel. Am i getting too deep . Ill repeat this. Even if you want to district money like a socialist, challenge everything that im saying if you understand by the way. You must first collect money like a capitalist. Before you give it away you have to collect it. You cant give away something you dont have. So you say well explain to me norway a wonderful country theyve got oil. [laughter] they were poor 100 years ago but they found oil and they took that oil and used it for good purposes. And now having one of the largest puppedz in funds in the world. Sweden socialist country and they have agriculture and torse rei not a lot of poem so they basically without damaging the environment are able to take noser of this Agricultural Land and sell chop lumber and sell it to a world that needs desk, chair, and banisters. Now this gets to my Central Point first rueful of my book is live in a centralized system embrace it. First rule of the book that you are capital theres two things that i want you to understand. Let me deal with a Free Enterprise system first. From a time you get up in the morning till time you go to bed at night, if your life is not about money if your life is not about god or love, your life is about money. I want you to think about challenge everything im saying now. This is not me speaking to you and bring a conversation so you can interrupt me any time you like. We okay . Challenge me is something im saying doesnt make sense to you. From tomb you get up in the morning until time you go to bed with at night youre having an economic conversation with yourself in the rest of the world yes or no . Yes. So you get up in the morning and you brush your teeth does socialist give you a toothbrush . But somebody buy it . Somebody purchased the toothbrush. Somebody purchased toothbrush, the toothpaste somebody purchased help me out here somebody the light dont come on by themselves paying light bill they think it comes on by thelses and leave light on all day they need to have a family economic meeting to tell kids light dont come on. It will by themselves. I paid light man im not mad e i pay the light man by the way my mother divorced my father over money i asked her was she going to get married she said it if i get married hell be a bmw i said youre going to marry a car, she said no, a black man working. So my mother is credit score is 840 by the way. Get it mom. So lets look at this. By the way, really i dont to distress you but from the time you get up in the morning to night youre dealing with a financial transaction in rate its 24 hours day. Its when you sleep. Who pays for the mattress that you sleep on . The sheets on the mattress . The pillow you lay your head down on are you is this clicking yet . You set an alarm on what . On your phone, and if you old school you have an alarm clock. Who paid for the alarm clock . So i have people cooling to me i have this Facebook Channel that by the way, you know we want people to buy books from brns and noble today we want to push push barnes of noble to support more good causes like this but people 44 Million Viewers growing 11,000 a week, but 88 of all viewers watch on this not a tv set but on this. Now, did the government maybe im naive did government of unid States Government of the United States give everybody a a mobile a mobile this is so deep nobody wants you to hear it. [laughter] does government of the United States unnuns to me a socialist department in the government of United States they gave everybody a cell phone. Or did you buy it . My guess to you bought it that gets to the second point the first rule that youre Human Capital. So you say i dont like capitalism okay slow down now. So 9d 2 of all jobs in the United States of america are private sector jobs. I was giving you facts now. 8 of our jobs are government jobs. Lets deal with the government jobs for the moment say i dont like the Free Enterprise cap the li. I want to work for the government. Okay. Who is paying the government . Even camera man said it. I am. Your taxes were having a real conversation. That taxes you pay from the what no, no dont say it. Purchase to but lets deal with the primary source of income to the United States government the taxes you pay from the what . Job payroll taxes go to punted the what . Government so people in the government are being funded by who . By you. And if youre not voting come on now if youre not voting or have been government that youre funding then you are doskting advocating position of government in your country so young challenged about state of our country he says this is not my country this is my country. This is my country and no one is going to take it from me because im the the one with the power. So you say no Big Companies run this country no they dont. We allow them to run this country. Because 70 of all gdp growth domestic Product Consumer spending. 70 of the 18 trillion dollars of the live economy in the world we are the largest economy in the world are you and me paying for cell phone water bottles, coffee, at starbucks, buying books at barnes noble, paying light bill, rent statement can i get an amen. Amen. You are the really American Royalty but we are advocating our own power in walking away from our own power o but im getting ahead of myself. So number one, whos capital . We are. Why are you hesitating . The word the word capital comes from copy that means knowledge in the head. So capital has nothing to do with money. I know im frying your brain. So all capital no it is money that is a means of transporting and transferring value. Thats all that is. I can literally write your Bank Routing Number on the back of your shirt. Your Bank Routing NumberBank Account Number and i can say pay 100 to the order of this gentleman name sign it that i can you a shirt to the bank and cash it. Because it has nothing to do with the instrument with which to refer money from your account to his. Which is why you can do it with a jet, a credit card, a debit card or soon electronic or digital money so real capital comes with latin root Word Knowledge in the head. So so this is why mindset is important. Now, Human Capital, you making an argue that youre not Human Capital if we with dont get argument about an argument youre gods creation youre Human Capital. You are the value of the world. Without people, nothing happens. We agreed on that. Okay. Human capital you say but im not a capitalist. Oak so youre working for free. I know you love your job some of you i talked to producer she loves her job but my guess is i talked to manager she loves her job but my guess is it they stop paying you you might be a little late for work. You might say ill show up when i want to. Am i talking to myself . This real talk. Even you really enjoy the place, you your employer loses their negotiating power over you if theyre not transferring value for your time. You with me so far . Yes. Im frying your brain so im trying to walk you through this because whatever im saying to you is completely counterculture to what youve been told and told how the world works with and this is the conspiracy. Its like watching movie the matrix. Its blue or red pill because whether you believe you can or believe you cant youre absolutely right. This is why listen to me john john you want me to be positive. Because theres so many reasons to be negative one reason where you shouldnt be mega. I cant guarantee you be positive can make you successful or guarantee you that reading this book will make you wealthy. But what i can guarantee you youre negative youre going to fail. I absolutely guarantee you if youre negative and you have a negative mentality about life, you will fail. Back to the story. So if youre Human Capital and transferring your time and your knowledge for a paycheck are you now participating in capitalism . So you say oh, well i dont like capitalism yongd me. Really . So barber cuts your hair for free those of us who have hair. I barely get my haircut. Ladies the ladies the nail tech just loves you so much they do your nails every week for free. We have Law Enforcement here wonderful representatives of our of our city and our county. By my guess is, with theres maybe a little less interested in their career if it didnt pay a salary. Is this too deep conversation . No. So why are we rejecting system that has literally all around us. It makes no sense. Everyone parking meter mannose where im going even im trying to get basic here. Even in an october like a parking meter understands capitalism better than we do. Because it collects money all day long. No emotion, dont argue, dont complain. Will not deal with with you unless you pay. And if you dont pay because youre in protest youll come back and will be a boot on your car because one way or o another youre going to pay for the time and the space unit of the parking meter so the parking meter gets it. Why shouldnt we . So let me u now deal with a moral issue. This is a moral issue also. I need somebody by the way lance and somebody to give me a time and jamie let me know when im wrapping up i need to do q and a you never want to know the old guy in the club. So before you kick me out ill leave make sure im on time but today shes being imraishes so make sure you give me your time. So so moral issue. We should have in the world a world where capitalism and Free Enterprise and money fits within our culture follow that . But since jesus turns over o the money changers tables in the temple, what has been the reality of faulty human beings is that we have a coacher that is really inside of our economy. Did you get that . So understand im acknowledging theres a moral issue here. Let me repeat that. Morally, in an ideal world i want everybody to hear me saying this. Camera hear me saying this. Say john brian is advocating everything that capitalism. We should in a Perfect World have our coacher outside of our economy inside of our coacher. But in reality with faulty selfish selfcentered human beings since adam and eve have been a little broken, a saint is a sinner that got up. A saint is a sinner that got up. We just trying to very best we can to be the very best people we can be. But we are selfcentered by our mache. We have to find our higher angel. Now, that means that we have unfortunately coacher that sits merchandise of our economy that means folks want to get paid to be blungt. So your nail tech is a capitalist your hair technician is a capitalist the barber lop is a capitalist, the gas station is a capitalist. Try not paying your phone bill. See how that works for you and protest capitalism youre drive nlg a car that you pay for and youre paying in a gas gas you stop at the gas station for and you stay masters degree a house that somebody is paying rent can i get amen. Either youre going to protest capitalism. So lets just acknowledge first and foremost we live in a Free Enterprise system. Can we get there . Yeah. Number two. Number two now understand that youre cap capital now to the second rule. The second rule of my book is that mindset makes or loses you money. This is so important. This is where folks really get you. Whether you believe you can or whether you believe you cant, youre absolutely right. So if your mindset has been what im going it deal with after americans for a moment but get real deep for a moment. When i did the show and i said capitalism was sorry slavery money audience jumped all over me tweeted they wrote notes, moral issue, no it was immoral it was horrible but headache it very clear. Nobody went all across the world to grab you and you over here because they wanted to be mean to you. [inaudible conversations] thats right. Let me get you a compliment africans were with agricultural geniuses. Thats why they went to africa to get the folks who were experts in soil who could work all day in strange, hot, uncomfortable viernts who were absolutely brilliant in agricultural ways and bring them to a place with good soil which was a Southern States that couldnt do to in europe because it was slow and european not conducive to those crops so they have to have the best people in best place for the best crops at that time it was all about building country for free. It was about money. You were Collateral Damage it was a moral, its disgusting it was original sin. But it was about money. Now, thats why we have a civil war. Because railroads were two billion by that time and black folk slaves were worth 4 billion. And nobody wants to give up their house and their fancy life and their mansions because of a moral issue. Im sorry they just didnt. They should have but they didnt. Now, 1865, march 3rd Abraham Lincoln good man not a perfect man, stop with this perfect stuff. Because if you want to start picking perfect then you have to walk out of the room yourself. [laughter] can i get an amen . Amen. So cspan did not know they were having a Church Session today. So Abraham Lincoln a good man signed law 18 65, quote, teach free slaves about money something called freeman bank mission, quote, to teach free slaves about money he wanted to bring us back into the Free Enterprise system to give them 40 acres of the mule called action 15 and 400,000 acres of North Carolina down to miami, down the coast 30 miles in. First came the land we worked that land so hard. The next month so facebook, no twitter, no instagram no cell phone, no nothing we found land and worked it. They said give them a mule. Because were so industrious then a bank and same day sign legislation for bank he put in god we trust in u. S. Currency translation never again, slavery immoral and unethical we tie capitalism ever in our life that was 1865 march 3rd he was killed the next month. To 1968 with andrew young, trying to live in the campaign which is about poor whites. Poor whites, poor blacks, they try to bring them into the freedom system. This is what doctor king said. Cannot legislate goodness or for someone to respect you. You have to have economics and ownership. Thats a quote you do not hear very often. He was killed april 4, 1968 before the first march of the poor peoples campaign. Its not that youre dumb or stupid, youre brilliant. Its what you dont know that you dont know thats killing me. You never got the memo. Lincoln tried to give him the memo and he was assassinated. Its been 150 years and i dumb or stupid you just never got what happens when you never got the memo . Once you get through this suffrage this all other poverty is mental. I can give a homeless man a Million Dollars and will be broken six months. Because nothing changed here. 80 of all lottery winners are broke five years after. 70 of our nfl players are broke five years afterwards because they never got the memo on money. So heres poverty. 350 years have been told you or anything. One hundred years of jim crow and meets her selfesteem is in the toilet. Since completely rational say 80 of black people are clinically undiagnosed depressed. We never had this conversation but does that resonate with you or not . So heres poverty. Half poverty is low selfesteem and lack of confidence in yourself. If you dont know who you are by nine in the morning at dinnertime someone will tell you. Second part is crappy environment. You enjoying this . I have to do it really fast. If i see in your role models are rap stars, athletes and drug dealers than my is a very surprised the kids grow up in the neighborhoods wanted to be a rap star, athlete or drug dealer. Its not idiocy, its brilliance. Your modeling what is common sense. I saw businessman growing up as my father. I love myself because my mother told me to. Not a radical concept. Its modeling. The second part poverty is environment. If you hang around nine broke people you will be the tenth. Unmitigated tshirt numeral say if you hang around nine broke people, youll be the tenth. Im a tell you not hang around your cousin but dont make them a role model. The mom saying you should hang around fancy people . Yes. Should you try to find somebody who wants something more than you . Yes. Wifi some of his dumber than you, stupid with no job and say thats my role model, it makes no sense. Of course you should try to find somebody. There is sam trying to trying to talk about fancy names, yes. The last part is aspiration and opportunity. A code word for hope. The most dangerous person the world is a person with no hope. No hope, which means you see opportunity nowhere. The glasses have emptied not have fallen you never leave your porch. High selfesteem and high confidence. Good role models and enabling us. When you say gentrification is happening what youre saying this is visit there for 40 years and never bought that shack, he thought the payday loan member the liquor store was normal. And i say thats modern slavery. My getting too deep . To live in a system of Free Enterprise and understand the roles might be the very definition of slavery. Whether your white role, or black and brown urban, you see payday loan, liquor store, and we think its normal. It doesnt happen is 700 credits were neighborhood. Of any race. Theres never been a riot in that neighborhood because they dont write because they go shopping. That was funny. Its okay to laugh. So we try it emotionally in the streets, tearing up less businesses that we own which makes a bad situation worse. Now they dont want to come back. My white girlfriend was a writing on the ballot box. Whats my mission at operation hope to move Credit Scores hundred 20 points in 24 months. Because nothing changes your life more. When you move your credit score purcell fisting goes up in your confidence goes up. Your faith in the system, your options. 44 of all africanamericans have a credit score below 620. The me break it down. Half of black folks have nothing to do it racism or Police Brutality were everything we pick it for, half cant get a loan for Small Business. You cant get a Small Business at 620 credit score. Care how brilliant your ideas. You can barely get a home loan. Means youre paying the highest Interest Rate for the worst product which is what a payday loan does to you. My sister sent a notice that a red tone system is 200 and phones at 19 a week. Is annoying me that this sounds ridiculous to . Tonight buy the headphones four times over in two months . But when you dont know what you dont know you accepted as normal. All gentrification is is a white family says that home is ten minutes for my job i can buy it for nothing. They can tell their friends to do that. By the way it wasnt the clan going in with torches and running you out of town. Were given property away. Lets call it the way we sit. We give it away and then we get upset. Every inner city in america will be overtaken in ten years through simple concept. Center located real estate. Go by the crappy us property on the best block in your neighborhood. You can buy shacks in atlanta to miles from a billion dollars stadium, go bite rehab and rent it. Do that three times now youre now Building Wealth for generations. If you dont know what the ipc means, you qualify. If you make 53000 or less and work in this country the government owes you a check. You make 32000 the year and never qualify for or apply for your own 9000. Its retroactive for three years. Where we asking for a long, this is your right. Take the 9000 and dont go on vacation, will buy real estate. By something that will help you get wealthy when youre free. You will get wealthy unless you make money while you sleep. Compound your capitalism. Dont stay you cant afford to buy stock, by fractional shares. The internet makes you look smart even when you dont. Fractional investment for ten bucks a pay. You can buy any stock in the world. Get some education. Do something that leverages you on top of you. If you dont have compounded interest have compounded also. I told you about mindset and never thinks about money. Around through two of the five rules. The next is about relationship capital. People will lose precisely because its not how smart you are. Only one reason to go to harvard, harvards school. I love it. They only go there and pay five times more because you get five times smarter. You with me . Go there for one reason. Because the class of 2018 will hook each other up for the next 40 years. Thats it. Thats the only reason to go. You get the same education at a state university. Colleges and ecosystem. You meet people of your same aspiration because relationships matter. You hang out its what you will be. Watch for you hang around. And get out of your comfort zone. Black folks should start going to white parties. Septicemia barbecue and the unpredictable. Im saying expand your mind. Without expanding your mind you cannot expand your pocket. Let me leave you at the thought. You cannot segregate your heart and integrate your pocket and talk and everybody, you cannot segregate your heart and integrate your pocket. You cannot have a business that wants everybody is a client but only one hang around people that were look like you. It doesnt work. People get the sense that you dont like them. Love everybody. We are all gods children. See you know what i just heard the bestselling book on money and economics doesnt talk about it. Im out. [applause] so i didnt talk about the five rules, i thought talked about three of the five rules. I just skim the surface of the three rules. You need to get in the book. Its a mind snapper. Completely counterintuitive to what people have told you about how the world works. You have been tricked and fool fooled. Theres a system going on there were not participating because we dont understand how the system works. On the way from this place to pass by while waiting to be born. Dont take your money and go downtown and rent real estate at two or 3000 a month from a guy like me. By the way im the largest minority controlled owner of rentals. Rent it for me, i will take your money. I dont want to, telling you not to do it. Tell you not to go downtown some condo you dont own because youre trying to profile. Pin somebody money you dont know about something you dont know about a place you have ownership in. If youre paying 2000 a month, you can we take in half your income open the window and pushed it out. Go buy a shack. Rehab it, rented, and sell it. Or rehab it, rented the keeper and build your wealth. Dont hit anybody with a brick. Hit them with your an American Express placard. It even by participating in the system. All wealth that didnt come from crime are governed contracting came from poor people realize in their value. What can you do if you decide to take your life back and decide not to just cash checks but to write them. Questions. Thank you for this. Youre my mentor from afar, weve never met. I follow you religiously. I said that capitalism is based on eight minutes. If you take me to carlisle looking for ignorant clients lc thats a bad car lot. If you take me to a dr. And hes looking for ignorant patients is they take me to a better dr. But if you take me to a bank say this bank is looking for ignorant clients, i have no answers. I learn from you religiously. My question is, we recite had a movement were pushing everybody to open up these accounts. Everybody in social media like wheres yours. What you think . It blew my mind after the campaign i think bank of america suits initiative. There were marketing to people and i just want to hear from you want to hear from you what, if anything you think these things several able to leverage and capitalize it, what do they os, if anything . We dont have time to get deep into this. Will go watch it. We try to answer the question directly. Banks are one of very few businesses that do not prosper on ignorance. The ignorant banks, their son have decided to get out of the loan business and they do prosper in your overdraft charges and all that stuff. But those are not the big banks. The ones making all the money need to lend you money. If you have a 580 credit score the bank cannot lend you money. Forced to tell you the bank by law because of redlining which was real, now they must take your application whether you qualify or not. They know you wont qualify but they wont tell you for fear of being sued. By you. So they let you go through the process then they tell you, youre not approved of this loan you say why they wont tell you they go to the Free Credit Bureau to find out why. You to Free Credit Bureau. We opened up locations and are the only nonprofit in history allowed to operate within sight of bank branch. Get a finish would what Abraham Lincoln started. Were gonna get your credit score out from 580 which you cannot be approved at to at least 650. If we can get it to 685 you can get a 4 mortgage which we do all the time. If you 580 credit score Mortgage Company will give an 18 mortgage. You can just say am upset then go dont go down to Motor Company that give you mortgage and a car loan and the payday loan and robbie a broad daylight of your own money. You can learn the system will display your Credit Report. My people work for me. So we pull the Credit Report everybody with a 600 credit score has an error. That and once we remove it within 30 days after confirm it or remove it. Once we write a letter, not say we hit the irs, and none of that works. If to write a letter to mr. Credit bureau i dont believe this is mine. Have to check the record. If they cannot confirm it then they must remove it. When they remove and its good for 40 points. Soon i go from 582620. What happens to your confidence . Your selfesteem, your belief in the system . Then you say, what next. Thats when we got you. You are more imperfect and optimistic. At the world taught you racism and hates. The world beats you down and touch you to be cynical. But you are born optimistic. Once we show you the system works who say whats next. I didnt pay the phone bill. Thats fine, at t sold it to the finance company for 50 bucks. Five cents on the dollar. We called joes finance company is writing a memo. Also have mr. Jones here, were looking for her, im looking for her. They went to pay it off, and have a thousand dollars but thats the 100. Thats double what they paid for it. For them to hundred because we corporation. Want them to be optimistic. You make him look like a hero trespass. Give us his phone number and wrote a letter to the credit he does that that comes off the credit bureau. She got 80 discount and a 2 profit, everybody wins. Smoking memo. Less emotional thing about black banks. You can put them all together and its less than 5 billion in assets. You may not a social justice campaign, winning financially literate people who understand money so you have something to put in the bag. If you open the account title which also expects the next week there cannot the account that has no money. Dont react, respond. Dont get mad, get even. Slipping toilet . Thats landed in my neighborhood with primates. Think thats making me home loan thats a blan black bank, fanta. I do business with whoevers trying to help. Im an equal opportunity capitalists. Some people like it but i dont care. Its like what weve been trying work toward bringing Something Else. Think once we get a credit score is 685 as we do we walk across the hall quietly. She is a 4 mortgage, treated like a queen becomes a home homeowner shes earning the tax credit check and she wasnt planning on getting. Now she has ten grand to go hire the guy who could be her biggest problem in the neighborhood stealing from her. Although drug variances in legal, please not down. Guy, bad role model. We hired him to do landscaping for him. She goes to home depot she goes to home depot and shes making friends in the neighborhood creating jobs and boosting gdp. You do that one how supply could change the whole neighborhood. Im not an emotional about this that an emotional reaction. It can be angry for living, whatever drama you got to subway because nobody cares you contributing are you a good role model for your children you have to start making them sexy. Moved him down and celebrated in the question you just assess the right question, we need to start having a different answer. So because i have capital that any more poverty than a more equity. Am i going to do. They need somebody investing equity in the bank so they have freedom to make loans to whomever they want. We have to understand how money works. Next question, figures and join us . Cspan is given me great,. You been to south africa. Id like to know, how can i apply the memos to the circumstances and situations. Before i go there, let me say i have compassion for my white roll friends. We should all have compassion for a white roll friends. For six years we have ignored them. Imagine how youd feel if you were ignored for 60 years. The Industrial Revolution walks away from them. No more factory. Their income when the toilet, politics and Pay Attention to them, and theyre frustrated and upset. 20 Million People are white, rural and smalltown. Now theyre upset and dealing with the same thing we are. But they have no spokesman. So they respond with fear and frustration and they think immigrants other problem. Thats not the problem. Nine out of ten job gases because of automation at immigration. People plan their motion appear told them somebody else is their problem. We opened offices and brutal White America to level the Playing Field, giving them more options and when you do you decrease racial tension. Its not about race anyway. South africa. If 55 Million People and 5 million taxpayers. Did you get that . A population in the country, this is nothing tricky to what im saying. Just data. 55 Million People in south africa. The largest economy on the african economy. 5 million taxpayers. 5 Million People paying for 55 Million People. The promise south africa is not race, its poverty. Nobodys going to hire these poor uneducated disconnected folks from the townships disgrace scrapers, not because of racial animosity. Fiftyone job available and i have a choice between you, the producer who is caucasian but i know her either. My cousin joey is not as intelligent as you bet would have to get a job so you can stop asking them for money. Thats not complicated, so few people in skyscrapers with limited jobs, where they get a higher . People they know. Dont be a check cash or, be a check writer. We need a generation of entrepreneurs, what they believe is people that disseminate go get a job, the guy who made the suit made the shirt im wearing too. Is a black eye, i said im not trying to bust your bubble, thats my work. The likelihood is you will get a great job in new york, nobody knows you. Its not racism, but nobody knows you that i have a relationship with you. So get him of 35000 loan embraces credit score. Went to a class was Small Business started his own business and now hes making a million. 6 year did the math, thats 20 million. 20 million of his own wealth, paying his taxes charting his own life. Freedom today selfdetermination. Freedom is in everybodys day. Today its Free Enterprise and capitalism. You cant so determine yourself without understanding money, capitalism and Free Enterprise. So south africa needs the same thing. That saudi arabia needs but the key is getting money and to not work. The realizing that oil is running out and they need a new Business Plan. You name the country, i can tell you it is the exact same problem. I work in social justice. I wanted to do some policy work. Ill attest more questions about policy and building Financial Literacy. 2008 i had opportunity to work with president george bush. People say while you work at this president or that, and i say look, if you bill clinton it and asked me to dinner, i will say what time. If your george bush and asked mansi what for, but im going to dinner. George is a nice guy. Know him. We do not agree on a lot of things politically. Regular and i did not agree on a lot of things. But a few things we could agree on our agents for good. You guys will figure that out later. He asked what i want . Finally i offered to resign from my advisory role and he said dont resign, come meet with me. I said i want Financial Literacy is u. S. Policy. In 2008 the federal government sign Financial Literacy is Financial Literacy. So the guy who talks about money forgot to ask for money. So now its an unfunded mandate. The federal policy of the u. S. Government but no School District will do it because it is not funded. That School District is a business. Every child we have kids not going to school but in south africa you pay to go to school. Parents pay. Almost every place in america parents pay for the children to go to school. Fewer panther if youd said area not to go there on paying for you. So james told us kids growing up he said i have two choices for you. I want you to go to school but i can either put you through school or put you through the wall. I put you through the wall you have to pay to get the wall repair. He was saying, youre going to school because im paying for it. In america we have school for free, its not free its not free. Your pan eight or 9000 per year just dont see it because its not coming directly in your pocket. Will keep a kid who is not learning in school we as parents have to demand our children go to school to demand that the schools were pain are giving ours cools a quality education. One of my goals after i finished was a double back and give congress and the senate in my lifetime to phone Financial Literacy. It should be a right. Should not be a privilege, it should be right. Have three minutes. No two minutes. Mike is coming over to. First, thank you my question is, no year in high school but what are you doing to reach out younger children from middle schools. I think getting them you might be better than starting at high school. We have a program called banking on a future theres a hundred thousand schoolhouses in america. To learn the most challenge school, so the kids get two minutes to catch a business idea. If they win we from them up to 500 they must open a bank account. When a great parents like you to take them in an open an account in the care ultimately if they become entrepreneurs are not. I want them to be resilient. I want them to mentality to be positive and to decide to take their life back so, want kids to know and i liquor store out of the candy businessman is ten years old. Imagine what that does to your selfesteem. Nothing is gonna stop me. Basically an entrepreneur now because i came on about what i could do. Were trying to open these academies up in a couple of thousand schools. Did you say you . What i want to know because i went by the hard way but im in heavy debt. I cant get the loans and stuff like that. But i make my money as a teacher teaching wealthy. So an entrepreneur. But how do i get myself, how do i get loans potentially . Is my credit score is lower than i wanted. I want you to see lance. Register phd, ph do too. Our services are free. Free. Because our partners underwriter fidget. Good operation home. All services are free and will get your credit score up and help you access capital. I love that he went to yell. If youre black, go to an hbc you, historically black college in university. Then for graduate study coming go someplace that makes you uncomfortable. Go to yale, harvard, travel to another part of the world. Be uncomfortable so you can spend your territory, c can operate literally all over the world. I love you, im out. [applause] cspan, thank you very much. Barnes noble thank you very much. This is been a great opportunity. Facebook live in jamie nelson. Thank you. [inaudible] [inaudible] [inaudible] cspan, over his travel daily. In 1979 cspan was created as a Public Service as part two today by your cable or satellite provider. Every month for the past 20 years one of the nations top Nonfiction Author has joined us on our indepth program for three or conversation. For 2018 indepth this changing course. Weve invited 12 fiction authors on our side. Authors of science writers, social commentators like Colson Whitehead and brad thor. Geraldine brooks and others. Books have been read by millions run the country and world. So, if your reader plan to join us rent up the book tv. An Interactive Program the first sunday of every month. You can call in and talk directly to your favorite authors. It kicks off on january 7 at