”I Got Rich When I Understood This...” | Wallstreet Trapper EP 739

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show. today's episode is all about taking control of the role that money plays in your life when you decide to learn the language of money you begin to unlock abundance in all the areas of your life you know born and raised in new orleans first and foremost but there's a part of new orleans that also it's a lot of light which is it being a murder cavity high crime right A lot of poor, a lot of underdeveloped people financially coming up in that. Everybody you see is in survival mode. Nobody is thriving but the drug dealers, the rappers, and the people that play sports.

0:49Yeah, that's it. If you can't play sports or you can't make it rapping, then all the power is now in the drug dealers or in the criminals. You see them living the life they want. and everybody that you see going to work they barely making it right you know people with two jobs you know people with three jobs and all you see them doing is coming home whooped they still struggling so you like i'm not about to do that if i'm gonna live a life at least let me have some fun at least let me do some of the things i want to do i have this thing that i say that like if you take a picture and you put it in a darkness this is where it develops at right in the darkness is where it develops you don't want to expose it too early because it'll mess up but in the darkness is where it develops and when it's time when you know just right it can be one of the most beautiful pictures you've ever seen if you let it develop in the right time prison was my development stage so I'm getting a sell this white guy so he said listen you got to do these three things you got to start trading time for money I start learning how to make your money work for you you got to learn how to give value to people I didn't learn that message the value part I didn't learn that's I started my business and I was like I had never heard nothing like that was like scripture to me here and there right learn how to make your money work for you stop trading time for money and give value to people he just started explaining to me about how wealthy people use money and how the streets is a game that we can never win we were only pawns in the game the house always wins yeah and i was like damn so he just started me realizing that and so i think in that moment i just started looking at everybody from my mama i was like damn i don't know nobody that won everybody had moments but nobody really won yeah and so maybe before he left, he told me, both the people invest in stocks, they invest in started business, and then they invest in real estate.

3:02So that's just kind of like, that was my moment. And so I went watch CNBC and I couldn't get it because I couldn't understand it. I couldn't, they were speaking in a language that was just, I was like, I ain't never heard that before. And I'll never forget they was talking about tariffs and what they are. and tariffs were simply taxes that other countries pay for coming, you know, hustling in the United States. And in my mind, I said, well, that's the equivalent of paying draft. So a draft is like, let's say you live in one hood, I live in one hood, you want to come hustle over here? I said, Louis, you got to pay me some money to come over here.

3:43That's a tariff. I was like, oh, well, this reminds me of the streets. And then, like, it just started clicking to me. It reminded me literally of the streets. Like in order for a company to be great on the stock market, they have to have a good product. If you're a good hustler, I got to have a good product. In the streets, if I can be a great hustler, I have to know how to turn my revenues into profit. I got to have more than re-up money. It has to be money that I can re-up with and then go get some more and pay my bills. Yeah, you have to learn that. And on the stock market, if a company has a good moat, a competitive advantage, they can beat off their defenders.

4:20well if I'm a hustler if I got a good product if I got a good price I got the packaging if I'm always out there if I'm always available I got a moat and so I was like yo this remind me of the street there's no different and so once I was able to make that connection in my mind I said I could be the next Warren Buffett Wow I could be the next Warren Buffett so everything was me just learning so studying monas per bride studying warren buffett studying bill agman studying just so many different people peter lynch just studying them understanding them joelle green black just studying them listening to them like getting my people man send me some books uh getting somebody i know like yo man tell you people send me these books i'm gonna pay you for it from the commissary and so i was just read read read read i ain't had nothing else to do i would get consumed in it because immediately I saw that there were two different Americas there was the America that I knew and everybody around me had the same problem there was a particular thread that ran through every hood across America and then we always look at another part of America and we be like yo how do they get that and I was like the reason why in my mind was because they have access to a different type of information people like to talk about racism a lot and while it does exist i think classism is a completely different animal classism says this is how our family is set up your father says listen you need to learn how to invest you need to learn how to start a business but also i want you to meet so-and-so's son i want you to meet so-and-so's brother i want you to meet so-and-so's daughter i want you to go to this school i want you to go to this party with me and so information gets passed down life insurance get passed down wills trust get passed on those type of things help you get access to room that me or these people over here will never see the information is what changes everything right and so i had this saying education and information changes the conversation if you change the conversation you can change the compensation if you can change the compensation you can change the realization you feel what i'm saying it's because if i can get access to information just something simple as investing when i started teaching my homers about investing i was like yo in order to be wealth you gotta own something you can't you can't be you cannot create wealth if you don't own nothing.

7:23If you don't own nothing, you're just a consumer. And if you don't own nothing and you're a consumer and you don't teach your kids how to own nothing, then now you've let them inherit it being a consumer. I'm a hustler. It's just in me. But I never went back to the streets. That's when I started taking this serious. 2014, I said, you're playing the wrong game, bro. We wear Nikes all the time. We should own Nike. You should own stocking nike all of us got apple iphones just in the beginning with your own iphone i'm like yo like we were at dickies and timberlands that's owned by a company called vfc corp we can own that and so i started preaching it to my homies and that's when financial literacy really changed my life because at this point i was dedicated to like i knew that the streets wasn't for me no more like i hadn't already been through all the phases i did the 10 years in prison I got found not guilty.

8:21My life I've been on the line several times. I'm still here. I was like, yo, like God got something different for me. Wow. From that, okay, I looked at myself like I'm the person who can teach them because just being real, if somebody go to them street dudes with a suit and tie, they're not going to feel that. You ain't been through what I've been through. So now I wanted to represent something different. I wanted to represent Wall Street in a way that I'm going to wear my hoodie, or my team tops or my tennis shoes but I got the same information I can I can help you change your life I could teach you the game that they plan if you wouldn't learn it it reminds you the dope game and so that's when my life shifted when I started taking this serious and I started saying I'm gonna be the first person in my family to build up I'm gonna be the first person in my family to have a trust I'm gonna be the first person in my family to own land and I'm gonna teach a bunch of dope dealers how to do the same thing hmm but then my mission got bigger because I realized it wasn't just a dope deal there's people that's working nine to fives every day that still didn't see a way out hmm so I went alright you teach them too alright let me just let me just start educating my people let me start educating this class of people you know I'm saying because now we can get this information now we can start saying wealth is possible the reason why the elitist can't teach financial literacy to certain people is because then they lose customers a lot of wealthy people can't teach financial literacy to poor people because those are the biggest customers who else would be the consumers why would i teach you how to be a financial predator financial predators need financial prey and so once i understood that i was like i get it i get it right this this is the game changer i look at it as so every investor has what's call an investor identity like what you're willing to risk your risk tolerance what companies you're more familiar if you're a doctor then you know more about medicine so you should be in biotech pharmacies healthcare you should that should be your thing that's where your strong points are

10:48i am so excited for you to finish the rest of your day strong if you enjoyed this episode make sure to click the link in the description and it'll take you to the full episode of my other show, The School of Greatness. Make sure to come back tomorrow for another episode of The Daily Motivation Show.