Tim Storey and Him500 on Generational Wealth & Being Recession Proof | E26
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Ladies and gentlemen, welcome to the Money Mondays podcast. My voice is a little bit raspy, so you're going to have a very special situation today. We have a speaker that speaks way more than I do. He speaks at thousands and thousands of events over the years. He's been on television, friends with every major celebrity. He empowers people. He makes people excited. He makes people laugh. He makes people cry. I mean, I cried watching you. It's one of the best...

Literally one of the best speakers you've ever seen in your life. We've been watching him do it over and over and over and over and over for so many years. And God willing, he's going to keep doing it for decades to keep helping people and keep inspiring the world. Our guest.

Mr. Tim Story. Dan, it's good to be in this van or whatever I'm in. We have this RV motorhome. As you guys know, the Money Mondays, we make this very efficient. It's a 40-minute podcast because the average workout, 45 minutes. The average commute, 45 minutes. So we make these 40-minute podcasts, make it very efficient for you guys. We cover three main topics.

how to make money, how to invest money, how to give it away to charity. We are here with my co-host, The Real Tarzan. Tarzan gets over 200 million views a month on social media, helping animals, teaching about animals, making us laugh, making us freaked out and scared of hopefully he doesn't get bit by a king cobra, or whatever's going to happen in each video. He got 90 million views, arguing with an ostrich and everything between. Make sure to follow The Real Tarzan. I'm going to let them take care of the majority of the podcast today, because as you can hear, I've been speaking at too many events. I've got to learn from Tim what to do for my voice, so I'm going to let you guys take it away.

Yes. So many questions. So many. So many. First one is, I'm going to get right to it. You told me you've been to 78 countries. You're a global citizen. I am a global citizen. Explain that for us, please. What is that like? I think that, you know, coming from Compton, California, in the Los Angeles area, you know, all we knew was like our neighborhood.

And I remember when we ventured off and started going into other neighborhoods around California, I thought that that was so dope, right? But the first time I went overseas when I was 20, I went to Sweden and my mind was blown at the culture of the way things were different. And I was hooked on traveling. So fortunately, I had a skill set and that was to communicate and to educate people. And that skill set took me around the world.

That's amazing, man. And you also spoke at 7,000 different events, huh? Yes. That is crazy. Yes. It's probably more than that. He speaks literally every week around the planet since before we were born. Yeah. It's unreal. Exactly. So give us like a little small, like two minute buyer about yourself. Okay. So raised in an inner city home.

By my mother. Father passes at 10, so my mother has to raise us with a sixth grade education. We started with seven people in a two-bedroom apartment, so we were cramped and crowded. There was no any talk about college or big dreams. Zero.

And so it wasn't until I was a senior in high school that somebody gave me this book about the life of Mother Teresa. And I read that book. And even though I was an athlete, a thinker in certain ways, I got touched by the fact that this woman was such an amazing humanitarian. That touched my life. And I decided to go to seminary to be a humanitarian. That's how it all started. Wow. Wow.

Humanitarian. The reason that we literally created this podcast is because nobody talks about money. Yeah. We grew up thinking it's rude to talk about money. Imagine if you would have talked about money in that household when you were seven years old.

you get in trouble, right? Exactly. 100%. If you ask somebody their salary, you get kicked out of the house. Yes. What would you ask that? That's so rude. But I think that's what leads to a huge disservice to our country is that people then they turn 18 at a high school and we just throw them out into the wilderness and like, okay,

Go figure out credit. Go figure out an apartment. Go pay your rent. So true. And mortgage. And FICO score. And they can't spell FICO. Yeah. Go get an SBA loan. What the heck are you talking about? And then they don't know when they go to get a job and they offer them $32,000 a year and they couldn't negotiate it for $36,000. Yeah. Or $38,000. Or $42,000. Or $48,000. They had no idea. They don't know what 401k is.

They never heard of it. 401k sounds like a freaking video game. And so like the whole real concept of why Tarzan and I are traveling around in an RV motorhome is that people have these discussions about money because it's not rude to talk about money. It's rude to not talk about money. Yes, no doubt about it. So there's actually a scripture in the Bible that says, my people are perishing for their lack of knowledge. And that's what's happening to so many humans. As you're saying, Dan, people are perishing. The word perish there means they're in a downward spiral.

for their lack of knowledge, information, education. So what you guys are doing by traveling around and doing this, you are educating us up and out, to be up and out. And that's what happened to me. The more I would travel around these countries, I was meeting like super dope people that were doing beautiful things, but they were not full of stress.

they a lot of them had a lot of peace on them they had slowed down to the rhythm of life and i said they're up to something different and a lot of it was the way they saw money i love that man piggybacking off what dan says about uh you know in this society we're in today everybody wants to be about money yeah can you explain to the world how it is because you've seen the world and and its most vulnerable aspects

how like a household stays together outside of the United States. You know, all these different cultures and different countries. Yeah. You know, they got their grandma at home. For sure. You know, their sisters, their brothers, so many generations. They're splitting those bills. They're working towards buying the house next door. Yes. And they're just expanding upon that at

ecosystem, that tribe, that culture. Can you explain what you've seen out there and how that can benefit us today? That's actually a great question. So I see this anywhere from Nigeria or other African countries, or if you get into even some of the Asian countries, that they talk a lot about generational wealth. And the idea of generational wealth is our generation to our children's children.

So the way we have got to really get to the point of having this growth mindset rather than the fixed mindset and thinking generational wealth. And part of the generational wealth comes by sometimes being around your grandmother, your mother, right? And then all the way down to the third. And then we begin to pass it on. We pass down a mentality that is proper about money.

So good. So good. So over the years, you've been involved with so many celebrities and athletes and television shows. How do you see the difference between some that are doing it right and becoming big personal brands and helping charity and some that are going down a path and athletes going bankrupt and things like that? Yeah, I think a lot of it is...

You look at the early days where you saw so many guys in the NBA losing their money after like three, four, five years after the NBA. Like guys that we grew up loving didn't have it.

I really believe that a friend of ours, Irvin Magic Johnson, helped turn it around. But you got to understand that he was already good with money, but Jerry Buss really mentored him a lot about money, how to deal with money, how to make business deals. And he talks about that today.

So I think what Irvin has done, what Magic has done with people is amazing. And now I'm loving what LeBron James is doing with his team. And they're mentoring a lot of the young basketball players coming up about how to deal with finances. So again...

I think that in sports, people were perishing downward spiral for their lack of knowledge and information. But then it comes something that we understand, and that's discipline. Man, and I love it because I watch both of you guys. The discipline of life is so important. Doggone discipline.

He'll get 90 million views on a video. Yeah, and then for two hours we'll clean up poop. Yeah and not blink Nothing twice about not complete. He willingly goes and does it the discipline come back over get 47 million views on a video and go make sure that a goat has something in its pot You know like yeah, he's on every little detail and that's the people you get behind. Yes It's just so rare because most people they got 1 million views in a video Yeah

And if you don't mind me saying this, I think one of the things that we need to do when we don't know is ask. I think a lot of people, they almost fudge it like, yeah, yeah, I know about crypto. I know about Bitcoin.

But I did not because it was new to me. I did other things for a living. So when people start talking about Bitcoin or crypto or NFTs, even Dan's one of the guys I reached out to on an idea because I didn't know. And it's okay to say I don't know. Can somebody help instruct me? Because the alternative is you're going to go pay the dummy tax. Yes. You're going to go pay the dummy tax. If I'm going to go...

get a rattlesnake out of my backyard, what if I asked him first? Yes. If I go and just try it, what's going to happen, Tarzan? You're going to get bit. $400,000 hospital bill. Exactly. Nerve damage for the rest of your life. But that's actually a super good illustration, right? Because if there is a rattlesnake in somebody's backyard, if they come at it without the proper knowledge...

mentoring, tutoring. And that's where I think you're taking it to such a beautiful level. Because I text him just to encourage him all the time because he's helping not just what I would consider like lower income people, but he's going after people

in the middle, in the highest level to understand and to crystallize this. And I really mean that. I think that life is using Dan in such a way for people to have a true understanding and revelation about money. - I agree, man. I learned so much just being around him, watching him text all day and talk all day and interact with so many different groups of people that also involve money.

And it's cool to be able to learn on these podcasts, learn from guys like yourself and just be a fly on the wall forever being a student. And like you said, you know, always saying, I know, I know you don't know anything. And when you don't, when you know, you don't know anything. That's when you start knowing stuff. Yes. You know,

I love it, man. I love being a student in this game. Yeah. One of the guys I got to learn from Dan is Lee Iacocca. Remember him? Like what a legend, what a boss. And so we did this exchange. I was only 28 when I first met him. And he said, you teach me about spirituality and I'll teach you about money.

Mean what in exchange because he was just a monster and he also taught me how to make deals I'm a really good deal maker. I'm very silent at it, but I'm good I'm good, but I but I learned from Iacocca and I think that that for so many people they they almost got mailed like a guide on how to do something and then they did it without the mentor and

But it's important to have the desire to be amazing. But man, we need to have the guides, the mentors, the teachers, the masters who help us go to the next level. - I agree. - So when I say this sentence, tell me what you actually think about it. - Yeah. - Money is the root of all evil. - I would say that that is not correct.

So what it says in the Bible is the love of money. But when they say the love, it's the lust of money. And what it really means is the wrong motive towards money. So the motive is the key. So like for what I do, I never looked to go make a lot of money from it. In fact, when I first got my first check,

When I was speaking when I was 19, I tried to give it back. It was $50. I'm like, no, no, I'm here for free. They go, no, no, Tim, we want to bless you with this money. I didn't understand it. But my motive was so correct that you reap what you sow. And so it is the greed for money

the wrong motives for money, that is not good for you. But money is good, 'cause money gives me leverage. - Sure. - Money allows me to help my mother, money allows me to help my family, money has taken me a lot of places that I just paid for myself, so it gives us legal leverage.

And it amplifies you as well too. If you're a bad person and you got bad intentions with money, it's going to make you a better person. Yeah. You know, if you have good intentions and you're a good person, whatever you're doing. I love what you said, because this is what we're seeing in so many people that are in the world that,

In the media. It's not just in America. It's all over the world. You're like, man, they are really doing jacked up things because they have so much money and their motives are so off. Right. But no money is awesome. It gives us this legal leverage that we talked about.

And I love the fact that we can help somebody. Like if we see somebody in a situation, even on the DL, on the down low, we can just slide somebody some money because they're good hearted, right? And it's not really a big thing to us because the money keeps coming into us.

So whenever there's a waitress or a waiter that goes above and beyond, I over, over, over tip. Yes. Because you can tell, right? We were at Gary V's event, the VCon. Yes. There was a waitress there, pregnant. I was with Roger, our videographer. And we're sitting there and she's so sweet. And then like every five minutes, can I get you this? Can I get you this? Wow. I'll go make it myself. Like all these things were just over the top.

and so we said what's the biggest tip you've ever gotten she's like oh one time i got 300 yeah and she was like i have to work day shifts now because i'm gonna have the baby i can't work night shifts blah blah blah so we gave her 10 times that yeah and it's a lot of money full-fledged crying bawling out of control that is a different version of charity yeah because you find someone that you know is pure-hearted and those are the people that you go all in on those are the people that you support and that money's not the root of all even to her

We know what she's gonna do. She's gonna take care of that kid. She's gonna take care of that family. That's the things that touch my soul. I love what you said too because in that case, he saw, Dan saw a need and said, you know what?

let me like fill this out for a minute. And his heart was saying, no, no, no meet that need. And I think part of the thing where people are afraid to be givers is there's so much manipulation and so many scams, right? And one of the things I deal with and we all hang out with athletes is it's,

When their salary is out on the internet, it's amazing how many relatives want to borrow money. Cousins, uncles, friends, cousins. That is the constant thing that athletes ask me, like, Tim, do I need to do this? I say, no, don't play God. And I mean that with all my heart. And they say, but that's my third cousin. No, no, no. Let's get them some information. Let's get them some. Teach them how to fish. 100 per second. Yeah.

The stat is 85% of NFL athletes go bankrupt within five years of leaving the league. It hurts my head. It's hard to comprehend that. Yes. Because think about the simple ways that we can set them up for life. You go get a $4 million, you don't have to have $100 million. You go get a $10 million NFL contract, you can be set for life. Yes. Really basic stuff.

Here's an example. Let's say you put aside $5 million of your $10 million and you go mess around with $5 million. You got $5 million set aside. With just normal stuff that makes you 6% to 12% a year, let's call it a 9% average. Well, 9% on $5 million, that's $40,000 a month. It's a lot of money. Forever. Yeah. And you got to blow away your $5 million if you wanted to. I think that the league should step in. I think the agents and managers should step in.

Because we've watched it that too many athletes are not able to take care of themselves because of the outside forces Yes, the cousins uncles friends nephews son that needs another five grand It's not the five grand ones. That happens every week for the rest of life because oh you got it. Oh, you got it Yeah, and then they build these big overheads eight grand a month five grand a month ten grand a month to carry the shoes To carry the pillows. Yeah, like to drive the car all of a sudden. They're like wow I'm spending 60 grand a month. Okay, who cares you make ten million dollars?

60 grand a month is 720 grand a year net. - Wow. - That means 1.4 million you've gotta make to cover 720. - Yeah. - What happens if you do that for five years? That's 3.5 million dollars.

just like having your friends taking care of stuff I like the way you can just break it down like that you see that he was like a rapper yeah you you would think he hung out with rappers right that was like a rap that was a rap I'm telling you it was but I love what he's saying and what it does it weakens the family when they see somebody go into the spiral because the the whole idea of the leader of the home is to guide his family and guard his family

So the guidance is direction. The guard is a protection. So if we see our father going down in the area of finances, that does affect people. And I see this in countries all over the world.

So that's why it's so important for us to be on point and take the time to learn. They say that almost 50% of divorces happen because of money, financial related situations. Well, with over 50% of divorces happening with just anybody, that means basically one out of four weddings, one out of four marriages end in over money. Yeah. We just think about the mass on that. Crazy.

Tens of millions people get married every year and you're saying that 25% then we're gonna divorce over money We have to have this yeah, we have to have discussions about money You need people to have discussion with their family friends kids employees etc about money because otherwise you're in peril You're literally a one in four chance. You're gonna get divorced just knowing about money question

Now, we always talk about money, and we always talk about how you make money, how you invest money. Can you tell us how you invest in your spirit? I know there's a scripture that says you give and you receive. Yeah. And God's like, you give one and you get tenfold. Yeah. Can you explain how important it is to invest in your spirit? Yeah, no doubt about it. So there's an awesome scripture in the Old Testament, Daniel 11, 32, okay? And it says, the people who know their God...

They shall be strong and manifest great things. This is huge. So the Hebrew word for the word know is the word yada, which means to know that you know that you know. So the people who know their God shall be strong. So some people know God, but they don't know that they know that they know. Well, what's the difference, Tim? When you know that you know that you know, watch this.

Then you go from semi-persuaded that he's able to midway persuaded that he's able to fully persuaded. So when you really know God, okay, you will stand strong in your faith and then you'll manifest great exploits. So the knowing of God shifted my life.

Because I know that I know that I know that he is able to do what he said. Oh, yeah. I have such a miracle mentality. It changed my reality. Even when we didn't have money, I thought like we did. But then I executed like we did. And I spoke like we did. And I moved like we did.

- That makes all the difference. - No doubt about it. - Why is it so important to you to speak at all these events and be a part of all these events and touch this many entrepreneurs and people? - Yeah, I think the interesting thing, guys, is I've lived like two different lives. So back in the day, it was like me and TD Jakes and a couple other guys, it was like we were in the top four rolling through the world.

And speaking to crazy crowds, you know, I spoke to 85,000 people when I was only 28 years of age. And so like 30,000... Michael Jackson style. Yeah, 30,000 was like common and getting over a thousand invitations for all these years. And it was probably about 10 years ago that Grant Cardone and I started dialoguing and he put me up on a 10X stage. And I thought, this is kind of dope. Like I could be like...

myself, a man of God, and yet use biblical principles to transform people's lives. And it was the reaction that I got of people saying, whoa, like I felt your spirit, like dude, like for real, like you're anointed. So that's what brought me out to where you guys are right now.

So for those of you guys listening that have considered speaking, there's different levels to it. First, you're probably going to speak for free. Same way if you were a rapper, producer, musician, artist, a DJ, you're probably going to perform as a DJ for free. You're probably going to speak for free in the beginning until you build your personal brand. Then people start to pay you $1,000, $2,000, $5,000 is kind of the average for a local speaker, local business event, etc.,

As you start to escalate and build your personal brand, you start to get following that can either help sell tickets or help move the audience. Now your rate can start to go into $5,000, $10,000, $20,000, et cetera. When you start to get to that level, an event producer needs you to move numbers, move tickets. Something has to happen, right? So when you start to get to $25,000, $50,000, $100,000, these are celebrities, athletes, authors, best-selling authors, things like that. Those are going to start to get to that $25,000, $50,000 level.

Now some people start to get a hundred thousand dollars two hundred thousand dollars, etc Those are typically gonna be celebrities or like household name authors or people on television Tim story can get a hundred thousand dollars because he's spoken a zillion different times Yeah, maybe for his friends. I'll do it for 25k or 50k just to be there. He's got this right It's a local event yeah, I got it down and so I want you guys to think about this and

Have to get really good at whatever you're talking about There's a lot of people that we see that just want to be a DJ or just want to be a speaker just gonna be a rapper Get really good at your talent. You're really good at what you're talking about people get nervous the number one Highest fear in the world is public speaking. Yes number two. It's snakes. Yeah, okay, so

How do you get over it? Learn everything about what you're talking about. So let's say you're really good at pickleball or you're really good at poker or you're really good at welding or plumbing. If I put you on stage, you wouldn't be nervous because you're talking about what you know. So if you're really good at real estate, you become really, really, really good at real estate and then you go on stage. What I don't want to see is these people that just decide today I'm a speaker. Yeah. I'm a coach. You're not a life coach at 19 years old.

You're not a speaker 100% go get really good at the thing that you do like when I say really good I mean like really good. Here's the thing the internet has provided a way where you can get become an expert anything Yeah, right now the three of us could learn about nails hair and makeup and how to open salons And by next Monday the three of us could open a salon chain. Yeah, you know why because there's courses YouTube videos there's podcasts there's salon experts and

Tarzan, Tim Story, and Dan can open a chain of salons Monday. Oh, yeah. Because we would study everything about salons. You guys can do that with any industry and get really good because the internet provides that value to you on a silver platter for free.

That's so good. How powerful was that? So powerful. He's a rapper. All day. He is a rapper. It was spitting. That was like Jay-Z spit. I'm like a poet and I didn't even know it. Exactly. Okay, so let me go with that with dancing. Is that okay? Of course. So there's a scripture in the Bible that says, do you see a person skilled at their job? They will serve in the presence of kings. So let's break this down. This is so dope. Skilled is what you just said.

mastering something. You see a person that's a master, the Kings will summons you. So I never tried to ever be famous. People always say to me, like, I want to life coach stars. Yo, I never looked for one coach to life stars, to coach stars, right? Not one star did I look for, but I was skilled at something. So people look for you. And the way I say it is build your spot,

And life will put the spotlight on your spot. Build your spot. Like, he got so doggone good. They can't do without him. Do you know that? It's crazy right now. He's going to get even bigger globally. I'm prophesying over him. You're so good at what you're doing, they can't do without you. Do you see a person skilled at their job? They will serve in the presence of the king. In other words, they will be summonsed.

I love that. Yeah. All right. So for the last segment, let's talk about charity. Okay. Why is it important that people add charity to either their personal life, their family life, or their business life? Why should there be philanthropy? Why should there be charity? Yeah. So I believe in this. I believe that we should go from believing in miracles and a miracle is something extraordinary, uncommon, not normal. Believe in miracles and then we should expect them. Both of you have been expecting miracles in your life.

in your family's lives and they're happening because you got to believe, you got to expect. Then you receive miracles. Then you become a miracle. So I think all three of us, don't we have a lot of gratitude about how we get to live life? For sure. Like for real, real, right? Every day. So you become a miracle. Watch this. And then you begin to release miracles. See, that's a beautiful part to where you believe, receive, become miracles.

OK, and then you get to that point where you start becoming a miracle releaser. So it really shouldn't be from the head. It should just be part of you. So the Bible would say, and Jesus saw the people that were hurting any move with compassion. He saw the people that were hurting any move with compassion. And I think that that's how all three of us are. We see people hurting.

And we say, you know what? I'm going to release a miracle on that organization or on that family or on that tribe or all those people because we move in compassion. Last question. We are in a crazy time in society. Yeah. The media is bombarding us. There's a lot of friction out there in the world. What could you tell the people to stay calm in the midst of all the chaos? Yeah. So some things in life, you got to play it down and pray it up.

And a saying of mine forever is don't get dramatic in the midst of the drama. All of us remember Y2K. Y2K, yo. I was a baby when I started being hurt. It's like we thought we were all finished. So don't get dramatic in the midst of the drama. And you got to play it down. You got to pray it up. And you got to realize that there is a way through and a way out.

Because God goes so far as to call himself the way maker that he will make a way where there seemed to be no way. So that's where my faith is. My faith is, is that God is the author and the finisher of my faith. I'm not going to go anywhere before my time. And so I'm not going to get dramatic in the midst of the drama. And I'm going to educate myself. I'm going to learn. I'm going to grow. And I'm going to rise up so I can help somebody else.

Alright guys, we're gonna have Tim story come back obviously because thank you I could talk to him for six hours about this stuff We don't want to be like Joe Rogan have three and a half hour podcast 30 to 40 minutes to make it nice and efficient for you guys now. We do have one request. It's very important

Follow Tim Story. Follow Tarzan. Watch these guys on social media. If you start to unfollow the noise in the media, if there's someone that's always posting drama, click unfollow. Someone's always complaining, you can mute them. If you don't want to unfollow, just mute them. That's the trick. But stop watching this stuff. Start watching guys like Tim Story. Start watching people that are creating content, that are teaching about business, teaching about faith, teaching about passion and life, and not watch all this media and craziness and noise. Okay?

Have discussions about money. Friends, family, followers. Research about money. Research about salary. Research about investing. We just want you guys to share content like this. Look at themoneymondays.com. See what we're doing here. Go out there and share the message so that you can get more people talking about money and you'll be able to create more wealth, passion, and happiness with you, your family, your friends, and followers. Thank you to Tim Story. Thank you Tarzan. We'll see you guys next Monday. Peace.

Ladies and gentlemen, welcome to the Money Mondays where we talk about three things. How to make money, how to invest money, and how to give it away to charity. We have an amazing guest for you that knows about all those things. Marcus. His Instagram is athim500, so I actually think about him not just as Marcus. In my head, his name is athim500. He throws huge events. He has a huge group. He's going to talk about all these different things. But please, give a warm round of applause while you're listening inside of your gyms, cars, wherever you are, to Mr. Marcus.

Appreciate it. I appreciate it. I appreciate it. So if you could give us the quick, what's the two minute background of who is Marcus Barney? Marcus Barney is a guy from Stockton, California, family, husband, father, philanthropist, business owner, somebody who trains entrepreneurs how to grow, develop businesses out of their own pocket.

You have thousands and thousands and thousands of people in your group and growing. How did that happen? Why are they in there? Why do they pay to learn from you and your squad? Over the time, over the years, we built a culture and kind of a community, like a family base. Initially, it started because I was just teaching people what I knew and learning.

It grew because of the culture of realizing that I don't know everything, but I know somebody who does. So I would go and get other experts to come in and teach things. And I made a community where people didn't come and sell them anything. It was just a continued dump of all the resources I can develop for them. I would develop those resources and giving back to them, pouring into the community and

And the members in the community carried that same mantra. So they would do the things that I do. So all the members kind of built relationships, friendships. They stay at each other's houses, like have chapters across the United States. And so we built that family type of feel. And that's what has made attracted so many people. It wasn't like I wish I can attribute it to me. But in reality, it's the members.

telling other people to join telling other people to get in and the way that you know they made everybody feel welcome what's the name of it what do people pay like what like are the monthly yearly like tell like we're the money mondays we talk about money around here oh okay that's the case so listen um it was 3500 um it was it was 5000 i dropped it to 3500 a year

For a lifetime. Lifetime. Nice. I like it. So what happened is that, and in that essence, is that I was looking for a cream of the crop. I wanted people who were somewhat established could afford to pay $5,000. If you go forward to pay $5,000 to be in a program, you have to have developed some kind of skill set to make money. You have a job that you've been consistent at. You got an okay budget or you have okay credit. You can pay for it.

You're okay. I knew I had what it takes to take somebody who had those skill sets and take it to the next level. Over time, what I realized is that, you know, you see the comments, what everybody can't afford to pay thousands of dollars, thousands of dollars. And I looked and I said, that's fine. This isn't for everybody. It wasn't. Over time, as we develop, looking, I'm like, okay, I got 26 chapters now. Every city, we have enough support.

Then I said, okay, let's bring in live coaching. So I went and hired staff to create curriculums. So we create our own in-house curriculums that we get from experts on the topic and we do live coaching calls. So now they paid $97 a month. We opened it up or you can pay $997 annually or $97 a month because now we have the support for everybody.

So now we have the live calls. We have the app where everything happens in the app. It's not, oh, you're in a Facebook group. You're here. You're there. It's no discourse. Everything is in one place. All the video modules, the live calls, you name it, all happens in one place. So now we can support people on that journey. So now we allow people to pay $97 a month. You can come in. We got live educators that teach the courses live, get involved in the chapters, come to the events, whatever.

biggest events that you could name, we have got Madison Square Garden in July. So, you know, and I partner with EYL. So it's EYL University powered by Recession Proof. And we now even have something for the people who are doing, you know, my millionaires, I've had over 30 millionaires come out of Recession Proof. And I'm like, well, what do I do with them after? I didn't have anything. It was like, yo, go buy a mastermind. Now we've created

the pathway because with Earn Your Leisure they have so many relationships with the Robert Smiths and things like that to where they we have the higher level to help people extend to too so that's where we're at now so people can pay 97 bucks a month getting started even if you're a multi-millionaire you can still come in pay 97 and just get access to the network and what we develop

All right. So let's walk through some of the things you mentioned. You partnered with EYL, with Earn Your Leisure. Who are they? What is that? And why does the merger work? So with Earn Your Leisure, they're a media company and they've built one of the biggest podcasts and the biggest voices of our community when it comes to financial literacy. They launched InvestSense. They have a huge event. They did 14,000. Woo!

- 14,000 attendees. - 14,000 attendees. - I love it. - Plus, let's not forget, plus, right? But they had a strong media component. I mastered in financial literacy space the education component. So we both do conferences and events. But my main focus was the education side. Their main focus is the media component and then their event, but they had education.

I was going to start a podcast and start and say, well, y'all got one. I don't need one. And so just in conversation, we were just talking about some of the principles and some of the things that they've done. And I was like, y'all been partnering with everybody. Well, what you doing with your university? It was like, well, the person who was running it actually stepped away. Well, let's just put these two together. I was launching a new program, Recession Proof University.

They're like, we can come together, build it like this. These are the resources that we have. These are the resources that I have. And we just kind of put our minds together and built it to what it is now. So, you know, it's legendary. So one of your events that I spoke at was here in Las Vegas. Yeah, I think it had like 3,000 people at that event. Yeah. Magic Johnson and Mike Tyson, like everybody.

When you say Madison Square Garden so casually, you're talking about the biggest, most historic venue, not just in the country, but probably in the world. How do you jump from a 3,000-person type event to freaking Madison Square Garden? So with Madison Square Garden, it's my first time ever doing an event open to the public. Nobody's ever been able to come. When you came to here in Vegas...

People couldn't come. It was only for my community. And so it was a free event. Only my members can come. I've never opened it up to the public. And so what will happen is, is that I noticed that I will sell more memberships and things like that for people who want to come to my events. But I will also build waiting lists out of thousands of people inquiring, trying to figure out how to get in. Well, yeah.

next year let's open it up to the public um let's go big you know you don't got to do it every year you got to do it once you know these these are type events madison square garden things like this you gotta do it one time and for me i'm like okay let's go it's it's we're in the middle of a recession just gonna rent the biggest venue on the planet let's go let's go we'll figure we'll figure it out open throw it out there we'll figure it out on the way down let's go

So, you know, I made the announcement. The crazy thing is I made the announcement that we was doing Madison Square Garden without the day locked in at the time. And I'm like, yo, this is what we're doing next year. This is where we're going. This is what it is. Let's build it on the way down. So we're here now, July 9th. We'll be in Madison Square Garden. Have you released any secrets or anything? Does anybody know anything about this event yet? No. No.

No. Just tell me. Nobody can hear us. Yeah. One thing we got is that we got a black tie. We got a black tie kickoff event. The event is on July 9th. It's a Sunday. The black tie kickoff event is Saturday. It'll be at the 4040 Club. Nice. So I don't know who'll be there speaking. I don't know. So we're working. Yeah.

I have a couple of guesses. Okay. I'm going to be in town, by the way, because I want to see what you do. I want to see the production of what happens there. All right. So we're talking about how to make money. What are some ways that you think that people are missing out on how they can make money that's easy, kind of hard, whatever? But like, what are the things that people could be doing to make a little bit extra money? To make extra money? Yeah.

One thing is that a lot of times people don't make money. They don't even have to do anything they're not doing. They just have to reposition the way they look at whatever they are doing now. I tell people is that my mindset with the Recession Proof Mindset and our mantra is we should always make money three to four ways off of every opportunity. So no matter what it is that we do, it should pay you three or four ways. Example, the private jet. I bought a private jet. Everybody says...

Oh, it's a good tax write-off. That's fine. I'm not spending that much money on a tax write-off and have to carry that big of a liability. That's a big liability. So I was figuring out, okay, I fly on private jets. So how can I make this make me money in multiple ways? So of course it was a tax write-off, but then I also bought into a brokerage company. Bought into the brokerage company, bought through them.

When I launched the marketing and everything like that, it made money for my brand. So personal branding online, the course of teaching people how to get into jet brokering. So I made money off the course ad and I made money off partnering with the jet brokerage. I made money off of the actual jet chartering and managing it. And then I also made money off of my tax write-off. So I made money four different ways. Now we're looking at exiting the brokerage company

nine figures. So at that point you start to go, it made money in so many different ways that it had to make sense. So what I tell people is when it comes to making money is that look at every single way that you can squeeze all of the juice out of whatever it is that you're going to do. And that's just the simple things. I don't care if you, if you did, you know, Uber Eats, you know, I talk about the smart car all the time for people. It's like, you literally can build your credit, go get a smart car for 200 bucks a month.

Pay $200 a month on a smart card to help build your credit report, just to have it reflecting on your credit. Have Money Mondays on one side for $200 a month and say, hey, I'll keep it in Metro Atlanta. It'll get exposed to 20,000 or 30,000 people every single month with Money Mondays and a QR code for people to go and subscribe. You'll be able to lead capture everything off of it. And it's $200 a month. Would you do it? Of course.

Well, it's three sides to a vehicle. You got the back side and the passenger side. So 200, 200, 200, that's 600 bucks. Well, now I say, well, how many kids you know need to go do Uber Eats, Grubhub, DoorDash, they want to drive a vehicle. Well, here, listen, you don't got to pay for insurance. You don't have to pay for gas. I'll pay the insurance, nothing but 60 bucks, under a hundred bucks a month. I'll also pay for gas. It's a smart car you're using Metro Atlanta. So you got the car for 12 hours and somebody else has a car for 12 hours.

Give me 300 bucks a week. Well, 300 bucks a week, that's 600 bucks a week from the two drivers. Two weeks, that's 2,400 bucks in a month. 2,400 bucks in a month plus the 600 on advertisement, that's $3,000. $3,000, that's 36,000 in a year. You got two cars, you add 72,000 a year. The average household income in America makes 35,000. That's $72,000 in a year.

off of having two vehicles at the same time helping build your credit. You can go like swaplease.com and just do a lease takeover and only have the lease for a year. So it's an easy way to make money. But that's the live example of the mindset has to be recession-proof no matter what happens. Because if you just went and got the vehicle and you pay $200 a month for the vehicle,

Something happened, you stuck with a lease. Now you lost $1,000, $1,400. You didn't make anything. You lost money. The whole thing is that we have to have that mindset of it needs to generate me capital in four different ways at all times. Wow. How can someone learn to be recession-proof? EYLuniversity.com.

You know, honestly, it's one of the things is that you study, you watch, and you just think, right? Like, it's watching shows like Money Mondays. Like, because now you picked up something from me, and you may, out of all this episode, you may not care about smart card, you may not care about anything. You may take away, hey, I need to make sure things have four benefits. A lot of times, I look at, does it benefit me socially? Like, what will this do for my clout?

credibility what does this do for me can i use this and can i do press on this can this be headlines for something that may help me with press to bring awareness to my brand how can this benefit me the most so it's you got press you got media things that can benefit you from a business opportunity the actual business opportunity ways that you can you know is there down sales up sales that you can elevate is it different kind of businesses that ways you can make money is just always have that mindset

All right. So we talked a little bit about making money and how to make money and a really great trick about the smart car. I think that's fascinating. Now let's move on to investing money. What are some things that make you interested in wanting to invest into a person, a business, or a project? Can I make money off of four times? So when I look at things that I want to invest in, is it in my wheelhouse? Today I got presented with an opportunity to invest in a

Man, I don't know if I'm okay to say it. I'm probably not supposed to say it. Man, I don't know if I'm supposed to say it. Well, I'm here. I got an opportunity to invest in a company, but it's around private jets. I'll say that. And it's dealing with private jets. And the reason why I entertained it, because I'm already there. I'm in that wheelhouse. Somebody else presented me with an opportunity for about restaurants. I hate the industry. I don't think they make money.

They do make money, but it's a headache. Everything that comes with it is just like everybody says, it's like a yacht. You know, when you buy a boat, two of the best days of buying a boat is the day you buy it and the day you sell it. And so I'm like, everybody complains about restaurants. And so I'm like, I like the brand, but how do I benefit from it three or four different ways? And especially like a standard million dollar operation monthly on a restaurant. And I go,

How can I benefit from this? So my thing was when I looked at it, I said, okay, can I have a party here? A launch? Will that make me money? Secondly, what does this do for my brand? Being this owner just helps me diversify and being that entrepreneur who does multiple things. Not, oh yeah, these guys just sell courses, right? And so that's my thing. I do a lot of different businesses, but I want, okay, here's another business. The other thing was

the events, like what can we do here to actually help me generate capital, raise money? And for the investment that I needed to make is that I don't like giving money up out of my pocket. So I don't like giving people like, here's my money. So I was like, can I bring people in who will want to be involved in this? And then the capital that I do need to grow to actually invest, how many events or little events

can I do to just raise the capital so I can say, hey, I'll donate 90 days to this, do this event. This will be my investment. And then along that way, I can also give people the opportunity to invest and sell a percentage of what I'm going to get. So if I'm in, you know, 10% for 2 million, you know, can I give somebody, you know, 2% for a couple hundred grand?

So, and then, you know, just work it that way. So that's the biggest thing I look at is like, how can I benefit the most? And is there ways that I can be as less? I don't want to give too much of my money. I want to give as least amount of money as possible. I really give my time. Why is credit important? Credit is important is because a lot of us, we don't start off with capital. And in order to play, you have to have capital. The best businessman is the one who acquired the most customers.

And that comes in marketing and advertisement. You look at so many entrepreneurs that have big brands and things like that, it's marketing and advertisement. Some people are just great at marketing and advertising. They have viral moments. But you can waste your whole life thinking that you're going to blow up and have stardom like Drewski. Or you can invest and you can invest in your branding and your marketing and your advertisement like him 500%.

because you have credit. And that's just the reality of it is that it takes money to make money. I tell people all the time, I see entrepreneurs come out and they may have a successful year and they make a hundred grand and they're like, yo, I did this with, you know, no marketing. And it's like, cool, you made a hundred grand. You probably could have made two million. Mm-hmm.

You just didn't have money to put into your brand to take it to the next level or your startup. Your budget is lower because you didn't go out and learn the power of credit. So now when you actually start your business, it takes you longer to actually, you know, your products and things like that. You don't you don't have as many as somebody else starting off at the same same time as you. You may start off with, you know, a thousand pieces. Meanwhile, somebody else started off with ten thousand.

It's so faster than you have more product, better fulfillment. They 10X you. A year from now, you're where they started at and they 10 times ahead of you. So that's just the power is always learning that to use somebody else's money, it'll always help you. And then learn the benefits of credit, like not just for business, for making money, but also like the perks. You know, I tell people starting out,

I didn't leverage credit to travel and do things like that. I leveraged credit and used my reward points to not pay for groceries. I didn't want to pay for toiletries. I didn't want to pay for my utility bills. So I would literally use my reward points to cover my expenses at home so that way I can be more profitable in my business. So I wasn't taking profits from my business, paying for my overhead, paying for my living expenses, paying for living. I wasn't worried about taking trips, especially as beginning entrepreneurs, vacations and things like that shouldn't even exist and be worried about that.

You should just worry about like yo, how can I not pay for my living if I live for free all my money? 100% so, all right Why should people invest in themselves? Like why is important to get a coach read books listen to the money Monday's podcast Listen to EYL and earn your leisure listen to that whole squad. Like why is important for people to invest in themselves? I

Man, if people don't understand that, you're watching Money Mondays. It's crazy. But, you know, the thing that, and that's a good question, though, is because I don't think people realize, I tell people we got four decades to live.

you only have four decades to live a good quality life. And because under 18, you're dependent on somebody over 60, you're dependent on somebody. People are going to get mad and be upset over 60. I know people that are over 60. They're not dependent on nobody. They're self-sufficient and tell you, tell them to go use chat GPT and set up a, a Twitch account. Then they're dependent on somebody. You can't stay in the time. So,

Between the ages of 20 and 60 years old are your best time, your best quality of life that you have to really be able to enjoy, to be able to flourish, to be able to be all that you can be. And so within four decades, I asked people, where are you at? And then between 20 and 30, between 20 and 25, you make mistakes and you're figuring it out. You learn in life. A lot of people are tripping and bumping their head. Between 25 to 30, they start to realize that, wait, this thing is real.

After 30, they start to realize, I'm glad I'm starting to get my credit together. I'm budgeting. I got a nice set of stream of income and I'm trying to build and grow. I may be working on purchasing a home. You start to take life more serious. And what I tell is this, is that if you knew better, would it have made sense for your parents to teach you the lessons you learned from 18 to 25 at 12? Yeah.

See, if you knew a 12 year old can grasp the same concepts of budgeting, of bill paying, of the importance of money, how money works from 12 to 16. By the time 16 to 18, they're operating on where most 25 year olds are at. Guess what? By the time they're 18, they're actually flourishing like a 25 year old would be, a 30 year old would be. And that's the power of is that if you don't know things,

You just you just don't know. And then it's going to take so long to figure it out. And then you're going through trial and error. So by the time people usually turn 35, they're trying to fix some of those bad habits they established at 20 and 25. Well, guess what? It's people out here who's already overcame those. And you look at they say one percent of people become wealthy. I'm pretty sure a majority of the people on Money Mondays are in that one percent.

They figured it out already. It's not called 1% for a reason. It's not common. It's not. So, you know, for people to go out and build multimillion dollar businesses, it's not common. So what I tell people is this, especially in my community, I say, listen, for a black person to go out and become a multimillionaire and start a multimillion dollar business, it's less than a fraction. It's not 1%. It's like 0.2. It's probably a zero before the two. Do you understand that?

For somebody to go through that and figure it out already, your best bet is to go learn from them. Like your odds of doing it and figuring it out by yourself from what you were taught is zero to none. Nobody becomes successful without somebody helping them or showing them the way. Every self-made millionaire has been taught by somebody who has followed the path of somebody, whether it was a book or...

Whether it was an example somebody said, like, I can come up here and say, yeah, I bought a jet. I did this. But the jet ideology came from Grant Cardone.

That's reality where it came from. When I look at events, I'm doing Madison Square Garden. I've seen them do Marlin Stadium. I'm not going to sit and say, oh yeah, I'm just some genius and this is this. No, I get the ideologies and things from other successful people. So you have to always be open-minded and look at people's journey and always detach your emotions from it. Always look to learn from people and

Be a capitalist. I want to capitalize off of everybody's opportunities. I want to capitalize off of everybody's experiences. I want to capitalize off of everybody's information. So no matter what you've done in these four decades I have, I want them to be, I want to reach the pinnacle as highly enjoyable as possible. Make as much money, as much impact, give as much as possible in this small time frame that I have.

So we talked about how you make money. We talked about investing money. And the last topic is how to give it away to charity. So how do you decide what type of charity efforts that you'd like to support, get behind, have your own charity, et cetera. And why should people, that'll be the second question. Why should people think about doing more charity more often? One of the things I realized is that you, we want to, we make it into the 1% and we make it where most people don't. Um,

The reason we make it here is because a lot of us, we're blessed with the ability to think. We're blessed with the ability. We're on God's wake-up list. So we wake up every single day. Health is okay. And it's some people that just don't have the opportunities. They miss the opportunities. There's a lot of people out here in need. There's a lot of people who get put in unfortunate situations. And that we've been blessed with the opportunity to...

Be that helping hand for people. You don't know how it makes somebody's day. I'll never forget, $200 changed my life. It was one of the most impactful $200 I ever got in my life. I went through a breakup, lost my job, and was on hard times. My grandmother sent me $200. I didn't have condos, Mercedes Benz's. No, my family's not. It's never been a thing where, oh, he's probably struggling.

I don't even know how she knew. I didn't tell her no, I didn't communicate with nobody on it that would be able to communicate it with her. And she sent me 200 bucks and she said, don't ever be too proud to forget you have somewhere to go whenever that you can always come back home. I was living in Atlanta and I said, I never told this story either, but I'm like, wow, like I needed this money more than ever. Like,

That money probably lasted me two, three weeks. Dollar McChickens. Jack in the Box cheeseburgers. Two tacos for 99 cents. And I'm like, wow. And at that instance, I realized that as I started becoming successful and started making money, is that people don't have a lot of issues. It's ways that we can help them with education. But sometimes people need 100 bucks, 200 bucks. Yeah.

A toy. Like my business, my brand, Hymn 500, the first thing I ever did was Atlanta Claws. It's my first post on Instagram. I saved $10,000 and I gave it away. I just went and I did good deeds to middle class.

It wasn't for the people who was just unfortunate. I went to barbershops, I went to restaurants, I went to places where families were at and passed out toys. And the reason I did that is because sometimes the people who are doing okay get overlooked. And they have, I'm working, but I'm living paycheck to paycheck. Sometimes I just need some gas. Some people low, you know, they're going to work and they're trying to figure out how they're going to pay for gas. I would go to gas stations and just give gas away. Yeah.

Literally gave my, I saved $10,000, gave it all away. And that was the best holiday season I ever had. And that was one of the things when I realized like it feels better giving than it does to make money. And the impact, the smiles, it was, it's one of the things that kind of pushed me to where I am today, to where I kind of always get that pride from, you know, kind of serving my way to success.

Ladies and gentlemen, you have been listening to the Money Mondays. A couple of things. One, I think it is rude to not talk about money. So that's why I'm glad to have people like Marcus here that we can talk about money in an open format, open discussions. Because a lot of us grew up, not a lot of us, all of us grew up hearing that it's rude to talk about money. And I think it's the opposite. We need to talk about credit.

finances, salaries, loans, savings, leases, rents. There's just so many things that we don't ever learn about. And that's what the Money Mondays is for. So I'm happy that Marcus is here. The one favor, we want more people talking about money at home, at the office, at school, at the gym, and everywhere in between so people can understand money more. So if you could, share this content, share this podcast, like and subscribe. Make sure to follow Marcus on all social media platforms. It's at him500. And we'll thank you and we'll talk to you guys soon.