Join us as we dive into the definitions of 'rich' and 'wealthy' and discuss what it truly means to hold these titles. We also explore the idea that rich people receive more grace and gifts, and analyze statistics about wealth in the U.S. versus the rest of the world. Additionally, we cover current events like the LA wildfires and their economic impact. Tune in for insightful conversations, including our host's personal experiences and tips on balancing expenses and savings. Plus, find out how you can participate in our new live sessions on Fridays for a chance to win Amazon gift cards!
00:00 Introduction and Show Milestone
00:36 Defining Rich and Wealthy
00:43 Casual Conversation and Updates
02:50 Current Events and Community Support
03:29 Things People Waste Money On
08:51 Insurance Companies and Natural Disasters
11:17 Sponsor Message
12:32 Rich vs Wealthy: Definitions and Perspectives
20:07 Understanding Wealth: Liquid vs. Non-Liquid Assets
21:00 Wealth Distribution in the U.S. and the World
22:30 Chasing Financial Freedom
23:16 Mindset and Opportunities in the Digital Age
25:34 The Reality of Net Worth and Liabilities
26:56 The Illusion of Wealth Among Celebrities and Athletes
30:20 The Privileges of the Rich
35:37 Upcoming Live Shows and Engagement Opportunities
37:29 Final Thoughts and Farewell
Powered by the WRKdefined Podcast Network.
[00:00:00] Brian, let me ask you a question. What's up? In the HR and payroll world that's filled with so many different systems, what advice would you give to someone who's looking to simplify things? That is a great question. And it makes me think of this time I was working for a consultant and it was crazy because all the clients had different systems. A lot of times like you can use one system for your clients, but no. So I was terrified. And the one system that really stood out to me was Bamboo HR. Made my life so much easier.
[00:00:29] Do what we did and get a free demo of BambooHR.com slash free demo. Get back to doing what you actually love in HR. Go to BambooHR.com slash free demo. That's BambooHR.com slash free demo. The last time on the show, I talked to a family member recently. He's like, you know, I don't do the risky things, so I may never be rich, but I will never be broke. Welcome back, folks.
[00:00:58] It is episode 52. Which implies a full year of this show. Of consistent episodes, even though we're probably over a year because we got some bonuses in there. But yeah. So thanks for coming along in this ride and stick with us because more great things to come. Today, we're gonna have a little fun and define what rich means.
[00:01:27] Wealthy, rich, rich, these type of things. But before we get into that, what's good, Wal? What's good? What's good? What's good? What's good? What's you, bro? I'm good. Chilling. Chilling like a villain. No doubt. Just aging ourselves with these sayings. I made my first chopped cheese at home. For all you New Yorkers out there. And it was all right. You know, I'm dating a New Yorker and she said it was pretty, pretty solid.
[00:01:56] You know, so she didn't work out with me. Well, check and check out Wal because he put out a big back challenge on TikTok. Yeah, I did. Let's talk about make a chopped cheese with two grilled cheese sandwiches. Yeah. I want to see somebody do it, bro. It'll probably be so good. You don't have to eat it every day. Just like, wait, wait, just once a year. Just make something. Once a year. Make that. Bro, no doubt. I'm good?
[00:02:25] Yeah, yeah, man. I'm good. Yeah, I'm good, bro. Good. Good. I feel like this is getting my second wind or my 100th wind for that matter. Just coming out of that restful period. You know, I'm feeling motivated and back in. Like I was telling Wolf. Your relation. Yeah, I was selling Wolf offline that I just was stuck in a rest for. I didn't want to do no extra work because this is extra work for. We have nine to fives, right?
[00:02:55] We and then, you know, so doing this show prepping all the things we do is extra. So. And we love it. Not a no. Yeah. Because we don't stop the show. I guess more so on the other things that we have plans. That's where I was just like, I don't want to sit on my computer right now. I want to sit on my couch. You know what I mean? So I'm just but I'm now finally kind of coming out of that.
[00:03:22] And, you know, I could take my, you know, any who was coming out of that restful period and feeling good about things. And yeah, that's about it. Yeah, everyone. Recharge. Yo. And we fucking ready to go. Word up. So let's get into. Yeah. What are we talking about in the some current event updates today? So I just want to. I'll sign up in prayers to everybody in LA that's impacted what's going on out there right now and, and everything.
[00:03:52] So definitely, you know, reach out to us, let us know what's going on. If you, you know, if you're listening to this show and you want to help, I'm sure you can find out ways to help and stuff like that. So please do, let's do our part, you know, because we do this for the people and we do this to empower each other and, and we all, we got, you know, so let's do that.
[00:04:16] But I wanted to talk about things that people waste money on. Oh, okay. Okay. Oh, you know, I searched it and looked it up and it said, these are the things that people waste money on. Oh, those unnecessary subscriptions, services, software trials that you forget about. Yep.
[00:04:41] How to get your free trial, seven days old, 14 days, seven days, you try the longer the free trial, the more, the more you're going to forget about it. Yep. And you know, this was interesting. This is like one unused office supplies that employees may buy for themselves and then just never use it. Oh, okay. Yeah. I could see that. Yeah.
[00:05:05] Frequent eating out when you don't need to, you definitely don't need to eat out. We never need to eat out. That's the, that's the, that's the, that one is a, for me and not to get stuck on it. We'll move Pat. But for me, if like, if you intentionally want to eat, I feel like you have to make a decision as a person and as a family, are you going to, do you want to eat out? Then making eat out your, then don't buy groceries.
[00:05:35] Right. Don't buy a lot of groceries. Yeah. If you're going to eat out, then that's where your grocery money should go. But you, but you have to make it make sense. Right? Like, so for me, make it make sense. I eat out without buy for myself or buying my lady. Like I always try to find something that I like, of course, but there's a lot of buy one, get one free. Oh, Reese for instance. Oh, oh, buy one, you get something for free. So usually buy myself something and I have something for the next day at least.
[00:06:04] Oh, that's pretty cool. You know what I'm saying? So that's, that's just something that I strategy that I like to do. Well, that's what I'm saying. Right. There you go. But, but if you're eating out and you're buying groceries, then you're weak, then you're and if you can't afford that, then that's, that's, that's a big money. Then, then you're wasting money. Even if you can't afford it, like, you know, if you perfect episode to be talking about this rich and wealthy, cause if you're wealthy, yeah. If you're wealthy, it don't matter.
[00:06:34] Yeah. So, so, so the next one is personal phone charges on your company phone plan. Personal phone charges. So I think, I think that maybe, maybe there might be some limitations that some certain phone, some certain companies have with their phone plans, baby. And I guess it's just saying that I've actually seen it to where there's been charges for on a phone.
[00:07:04] Company phone. Cause somebody did something or bought something. I think, I think actually the guy was on some check line and some paid check line on the company phone. Interesting. And it, and so the company got the charge. Oh, okay. Cause maybe like if the phone is connected to their company credit card or the, and you try to use it up thinking you get, okay. That makes sense. Sure. Yeah.
[00:07:33] Um, forgotten gym memberships. Yup. Yeah. Or not forgotten and just not used and not canceled. Okay. And then, Oh my God. This is interesting too. This is the last one, but this says Fenton electricity from devices left, left, locked in. Oh yeah. When not using. Oh yeah. You can either you, your, your toaster plugged in your coffee machine plugged in, you know, the air fryer stays plugged in.
[00:07:59] Those are pulling a lot of, I knew, I knew somebody that unplugged everything that wasn't necessary to be plugged in when they needed it. They plugged it in. Yup. Yeah. I'm so glad I like that too, man. Yup. It makes sense. If you, if you need to save the money, if you're trying to find a place to save money. Yeah. That's a good, that's a good one. We talked about that on one of these earlier shows, like how to save money and how to stretch a dollar and like, yeah, that's a good one.
[00:08:29] That's definitely cause you think about it. Yeah. And now it's even more so now because a lot of these fricking devices are connected to the internet. So not only is it draining your electricity, it's draining your wifi bandwidth. Yeah. That's what I have, man. What you got? Oh, I have a, since we were talking about the wildfires, I have, oh gosh, where is the article?
[00:08:55] Well, at the end of the day, it just, I was curious about the cost of it all. Right. So they estimate that this is going to cost 250 to 275 billion with a B dollars because of damages. And they're already like a ton of structures that have been burned down.
[00:09:18] Thank God there's only been, I mean, one is too much, but they're the death tolls are relatively low in comparison to the financial impact and the, the, the structural impact, of course. So I thought that was interesting. It says, you know, like they, they talking about how much insurance companies is going to like 30 billion to insurance company. I was thinking of insurance company. Did you hear that? How the Perry called out the insurance companies for counseling?
[00:09:44] I guess like, I don't know, but it was two months or two weeks before the fires happen. I think state farm castle, millions of people's how homeless, the home insurance, house insurance, or the fires happen. Mm hmm. But is it malicious if they, they would have to known that the fires are going to happen for it to be a malicious act? That's a conspiracy theory.
[00:10:07] Like, you know, I don't think, I don't think that nobody can prove that it was malicious or anything like that, but you were just like, damn, I, you know, no, I mean, no, a bunch of them pulled out of California period because of that. So it was more than them. It was more than that one. But the same thing happened in Florida. There's a bunch of companies that pulled out of Florida because of the flooding. Leading a growing business. It's like building a plane while flying it.
[00:10:36] Team building, decision making and scaling all at once. At CPO Playbook, we get it. That's why our podcast ranked in the top 10% worldwide tackles the toughest leadership challenges with insights to help you lead smarter and grow faster. Tune into the CPO Playbook podcast because leadership doesn't come with a manual. But we're pretty close. And the hurricane, like they pulled, they're like, yo, it's cost too much.
[00:11:05] I'm not doing it there anymore. Their insurance companies is a business at the end of the day. Yeah, they're in business to make business to make money, not to give it away. So like, you know, this is what I'm saying. Business, business ethics is an oxymoron. So people get all hurt. Oh, my God. It's a business at the end. It is not not for profit. It's not government funded. It's this. It's the people pay insurance and people take some insurance.
[00:11:33] Take more than you friggin pay in their they're bankrupt. They ain't got no more money. They're not in business anymore. That's true. So, you know, you know. They got the shoes. Whoever did it seems like a genius because they pulled out right before a billion dollar. Right now that now my conspiracy mind starts going. It's like, wait a minute. Y'all pulled out 10 days before this fire started. Yeah, that's real. Can me? Yeah, exactly.
[00:12:03] You know, now, you know, so. So but at the end of the day, after the fact, if they pull out. Oh, that's just sound business. Like, oh, we just lost 30 million dollars. I'm good. I don't want to ensure fires anymore. Thanks anyway. Yeah, there's really that's it. So but yeah, the court. So any who talk about money. We're talking about we're going to define. We're going to share some definitions of rich and wealthy, some things that we found very interesting.
[00:12:33] But before that, we got to pay the bills. And if you're tired of messy timesheets and plug punching in and your time clock software solution at your job is crappy. Shout out to Time Track Go. They're an intuitive solution that makes punching in easier. PTO easier for you. Okay. And but don't take our word for it.
[00:12:55] Their customers have ranked them 4.7 out of 5 on Capterra, and they've been awarded badges for best ease of use and badges for best customer support. Now, some of their customers are saying great value, best clock in app on the market. Great time clock for the modern office. Intuitive and efficient. Simple to use in price right. And customer support is awesome. Like great stuff there, man.
[00:13:24] So to learn more about a simplest better solution for time tracking real time reporting, PTO automation, payroll integrations and more visit www.timetrackgo.com. That's T I M E T R A K go.com. And start your fortune day free trial today. Let's go. Let's go. Let's get it. Let's get it. Let's get it. Yeah. I see. I see you. You talk.
[00:13:52] You're more talking about, also talking about wealthy versus rich. I'm worse. I'm money show. I'm more talking about what it, what it means to be my definition of rich. Mm. I was a little bit, I'm a little bit different. So I appreciate that. For sure. Why don't you go ahead and get started? Absolutely. So I found a cool article that defined rich and they say, and it's by sofi.com.
[00:14:22] And they said, if you look up rich in a dictionary, the most common definition centers around what a person, person, person has someone who's rich has a lot of possessions and material wealth. So a rich celebrity or social media influencer, for example, might have a lot of homes, cars, jewelry, etc. They may spend a lot of time jet setting around the world, partying with other rich people.
[00:14:47] When discussing what it means to be wealthy versus rich, it's easy to assume they're similar. Both rich people and wealthy people may maintain a lifestyle that's posh and out of reach for the average person. The distinction between wealthy and rich is that wealth is more sustainable and lasting than some riches. There are different ways to measure wealth.
[00:15:13] The Census Bureau, for instance, uses net worth to estimate the wealth of American households. Net worth is the difference between your assets and your liabilities, what you own and what you owe versus what you owe. So someone who is wealthy may prioritize accumulating assets that produce income or appreciated value over time while limiting their exposure to debt. So if you listen to the show, you hear me say a lot.
[00:15:43] Rich people take their money and put it to work for them instead of I want a new car and I want a bigger this and I want new Jordans and I want a big TV and whatever. They say, you know what? No, no, no. I'm going to go ahead and invest this or I'm going to, you know, flip this and whatever the case may be. They're putting their money out there to work for them. I liked what one of the things it said wealthy people may enjoy much higher incomes and everyday people, not this part. So basically.
[00:16:13] Well, the people. Spend less than they earn. Right. It goes into now, you know, some people are born into wealth. Some people build their fortunes on their own. They talk about new money versus old money. New money is earned while old money is passed down as generational. Many of the wealthiest individuals are well known business owners or investors. Jeff Bezos Gates was my boy.
[00:16:42] I can't for the the the the investor. I can't believe I forgot his name right. Hey, Mark Zuckerberg, et cetera, et cetera. But again, what I'm going to what I take away from all this. Is that that where is it? Here we go. Wealthy folks spend less than they earn, whereas. Poor and middle class. Spend more than they earn.
[00:17:10] And that's why we get stuck in that poor or middle class bucket. We're talking about David John. No, the guy Berkshire Hathaway. Oh, man, his name is right here. Can't believe I forgot his name. Warren Buffett. Yes. Warren Buffett. Yes. And he has a partner. Nobody knows his partner's name, but he has a partner that like people forget about that. He he's the more popular one. But anyway.
[00:17:39] Oh, and then I I wish there was a way I knew how to folks. We've got to get better with production because I want to share this. This Chris Rock. I found the exact clip from Chris Rock stand up. He's going to be in the show notes. You click it and have fun and watch it. It's funny. But he talks about rich first wealthy. And, you know, at the it's funny because it's dated. Right. Right.
[00:18:02] He said at the time he said if Bill Gates work woke up with Oprah's money, he'd jump out of a window. Oprah now is wealthy. She is a billionaire. But at the time of this stand up comedy skit that Chris Rock did, she wasn't a billionaire yet. You know what I mean? So he's like if Bill Gates woke up with Oprah's money, he'd jump out the window because he was comparing wealth to rich.
[00:18:31] Bill Gates is wealthy. At the time, Oprah was just rich. Now she's wealthy. So and I like the definition, how he how the article compares rich versus wealthy. And Chris Rock does a great way of define at the time. Shaq was not wealthy. He is now. But at the time he wasn't. And he used Shaq as an example.
[00:18:58] So it doesn't eat this hasn't aged well. But at the time he said he said Shaq is rich. The guy who writes his is wealthy. Right. So and then, you know, the other quote that I always try to remember, he says, you can blow being rich on a summer and a bad drug habit. So, you know, again, it's a great clip for Chris Rock.
[00:19:26] And he kind of goes into his little rant of rich versus wealthy. Yeah, that's what I got. What do you got for us? So I'm coming from a little bit perspective here. Right. So I was taking more so on my definition of rich. Right. And I focus mainly on that for the episode. So I just have five different pointers that we can debate some of those and talk about those here.
[00:19:50] But number one, being rich can mean having some assets or certain access. That's I think of rich being rich and stuff. And being rich can mean that, you know, you're more likely to dine where you want to travel where you want. And or live when you want. Right.
[00:20:12] And being rich means you can provide the necessities for yourself and your family or loved ones without much struggle. Right. But it's not really an issue for you when you're rich. Number four is debatable. Right. Being rich is a mindset. Yeah.
[00:20:33] And what I mean by that is, you know, there somebody out there might come see where you live, Brian, or see where I live. Oh, you're rich. We're rich. Have you ever wondered what really makes a generation tick? Who gets to pick the name and why the slang keeps changing? Don't worry. I can help. My name is Dr. Megan Grace on hashtag Gen Z.
[00:21:00] I share the voices and experiences of Generation Z, how they're different from other generations, what moves them and why they do what they do. In each episode, we go beyond the buzzwords and the stereotypes to dive into real conversations and the insights that matter to making intergenerational collaboration a reality. You can catch hashtag Gen Z on the work defined podcast network and wherever you listen to podcasts. Yeah, you're rich. You're rich. Well, like in.
[00:21:27] But to us, we feel like I don't know. I can speak for myself. I'm like, man, I could use some more money. Hell yeah. I mean, I think we speak for both of us. We're a middle class paycheck to paycheck. Like just where we're trying to get rich. Yeah. I mean, yeah. And look, my last one. Well, rich in finances, because we are rich in all the other things. Yeah. Yes. Being rich doesn't mean you have low money either.
[00:21:58] Well, it doesn't have to mean you have. It doesn't only mean it's a one of the. It doesn't mean. Yeah. Well, when I say. Being rich. You could have. You can have lots of properties and not lots of money. You know, but now you're talking liquid as opposed to. But it's just not. It's still true. You may not have loads of money that you know, that you were.
[00:22:27] Unless you sell stuff and. Well, that's what I'm saying. That is. Yeah. That's the good times. So that's what I meant by that. It's just. Got you. You may not be just sitting on a bunch of a bowl of money that you could just go. And I'm just going to go this card and stuff like that. You're not liquid. You're on paper rich. Yes. Yes. Can't just go. What I do, whatever you want to do all the time. Yes. And so. You know, and then I have some statistics here. Yeah. Like that.
[00:22:55] The wealth in the U.S. The rest of the world. Right. So the median wealth per person in the United States is around 112,000, which is 14th a month amongst wealthy country. Damn. We ain't even shit. We ain't even. We ain't even living in the top 10 U.S. I leave. But not the richest country in the world, apparently. But hold on. Hold on. There's different stats here. The U.S.
[00:23:21] The U.S. has almost 31% of the world's total household wealth. Now, a lot of that may come from the 1% are those upper high earners. Okay. So that's why. All right. Got you. We have almost a third of the world's total household wealth. Right. That's why. Okay. Gotcha. Yeah. It means a lot of Americans are doing better than our counterparts in different countries. Mm hmm. Even though I mean, I feel like it right now.
[00:23:50] The U.S. has substantially higher wealth per capita than other countries. Okay. And then lastly, the number of millionaires in the U.S. is we have almost 40% of the world's millionaires. Damn. So that's, that's. The other 60% in Dubai with all the Prince of oil. It's all. Yep. All them running around. Yeah.
[00:24:20] Blinging out. No doubt. Oh, there is wealth in here in America for you to, for you listening for even for Brian and I, that's what we're, we're, we want to chase those things, but not just for ourselves. I know for me, I can speak for me. Yes. It would be nice to have a nice, you know, nest egg and stuff like that to leave. My loved ones. You don't like that. Financial freedom. Yeah. The number for that is different for everybody, right?
[00:24:49] Like it's for me, it's not, Oh, I need X amount. Nope. I just want financial freedom. And so look, whatever that is for you, do your best to find that, especially with this ever changing world and these new technologies and new things that are coming out. There's no excuse anymore. There's no excuse. You know, it is like my boy Gary Vee says, you can really, you can get rich off of your cell phone. You stuck on your phone, make it work for you, make money off of it. Like there's really no excuse.
[00:25:19] We just went for one viral moment. Yeah. To the point that people are honestly too lazy, I think. Too distracted, too distracted, too comfortable, too complacent, you know, for sure. There are definitely some folks that are scared. Some people don't, don't want these by light alarm. Right. Like they consider that exposure, but Oh my God, like I'm going to be in front of people
[00:25:48] and people explode my life. You don't necessarily know that's not true. You know, there's ways to you. I just thought about it the other day. I was looking at it. I was scroll, you know, scrolling and I was looking at somebody's page, but it wasn't their page. Right. I was like, Oh, wait a minute. Like the one, the Myron golden ones that we find. Somebody else is building pages with his clips. Yeah. Yeah. And then they're probably, you don't have to. Also that right. You don't have to. Yeah.
[00:26:18] That's a different way. But I'm just saying some mindset for some people, but you're right. Some mindset for some people. Look, it could be hidden. You can put your feet on a feet finder and show you part of your body. Oh my gosh. He goes, what would the only fans? I didn't see that. But basically, I guess you don't have to see your face. No, you could just do feet. No doubt. Oh my gosh.
[00:26:45] Speaking of only fans, there was a, I saw an article, a post of some WNBA player who retired and is doing only fans full time. She said she made, she, if the article is accurate, she's made more and only fans in all the years, all the years that she played WNBA. I believe it. Yeah, I do too. For sure. So yeah, I mean, look. Those go, those, I close it to those subscriptions that people have. They were just.
[00:27:16] They didn't forget about that one though. They know good and well, they burning up the screen with that one. Right. What I do like, I just want to point, go back again. I'm stuck on the, the net worth is the difference between your at what you own minus what you owe. Yep. Right. What was my point?
[00:27:44] I think my, just my point is like that, that is the wealth piece. Right. Cause cause the opposite could, you know what got me thinking about it when you said, oh, you could be riches and like houses and all that. And yes, but you could, I guess my point it was, was to point out like, yeah, you could own buildings, house, how's the amazing things on paper. But if you are barely keeping up with it, guess what? You broke like everybody else. Yeah.
[00:28:13] I just took that statement and put it in Google. And this is what the key points that I said, right? There's a, it's gave a formula. It said net worth equals assets minus liabilities. Yep. Then it says you have positive net worth, which indicates that you have more assets than liabilities. You have negative net worth. It's the other way around. More liabilities. That's right.
[00:28:40] In that sense, which a lot of people who live paycheck to paycheck fall into, right? They have more debt. Think, think about when we had Tabitha on the show and she taught us like how Tabitha Brown, by the way, and she taught us how, like, how many actors are broke. Like how many actors don't make money like that? It's like a percentage of the top that are, you know, making all the money and hot or you.
[00:29:06] So I think streaming is definitely changing the game, but just to get, you know, thinking about that, like, you know, people think, oh, they must be rich. They may look rich, but they could, they could be paycheck to paycheck also. You know what I mean? It's very true. A lot of them say that a lot of them say that they struggle and they, even though they were big, big movies. Yeah. What's the movies? They didn't make a lot of money. That's right.
[00:29:33] Athletes that made all this money, blew it all. I mean, I was listening to something on the other day about an athlete that was like, oh, yeah, I took everybody with me to this or I took my whole hood somewhere and whatever. And like, after a while they're like, wait a minute, I'm running out of money here. I think MC Hammer is like one of the best examples of that because he used to literally like his whole entourage or whatever. But any who, just, you know. Hey, it's Bob Pulver host, you podcast.
[00:30:04] Human centric, AI, AI driven transformation, hiring for skills of potential dynamic workforce ecosystems, responsible innovation. These are some of the themes my expert guests and I chat about, and we certainly geek out on the details. Nothing too technical. I hope you check it out. There are lots of people, bro. It's a great, it's a great conversation. It's a great like perspective to, to kind of wrap your head around and be like, wait a minute. You know. Wow.
[00:30:33] There are lots of athletes, well-known athletes. I said their name that, that, you know, Mike Tyson, they said that. Oh, hell yeah. Yeah. He earned an estimated 400 million over his career at FILE for bankruptcy in 2003. Yup. That's right. That's right. So athletes, I think is a big one. A movie stars for sure to rap artists, music artists, you know.
[00:31:00] So yeah, there's a, you know, it, it, you, you want to be more like, well, I can't even say, I don't know what 50s net worth is, but he's definitely, or, or like, we don't really know what these folks, they look like they're making good decisions. 50, 50 cent Curtis Jackson looks like he is making all the right moves to get to that wealth level. Right. Cause he's, he does so much things beyond music to, to, to get the back. Right.
[00:31:29] And that's what you should be. You should diversify your investment. So you're not, you know, just one thing, you know, a common statement that we read all the time is salary is a, is a drug, you know, getting a paycheck from a company is just a drug that kind of keeps you hooked on that comfort. And it's fine for, for who, you know, it's fine. If that's, that's, that's good for you. That's good for you.
[00:31:56] Like, like I said, the last time on the show, I talked to a family member recently. He's like, you know, I don't do the risky things, so I may never be rich, but I will never be broke. Yeah. So like, you can't argue with that. I'm like, Oh shit. You're right. You do still have a pretty darn good life. That's right. Being rich or what? Mm hmm. The key to that spend less than you earned though. Right.
[00:32:24] No matter what you want a good life at any dollar amount, spend less than you earned. Yeah. So to cap this show off today for you folks. We got a conversation. Question of the day is, do you think following what you got? What do you got? Do you, do you think the following is a truth or perception? Rich or wealthy people seem to be given grace and gifts more freely. Yeah. Yeah. Yeah.
[00:32:55] Yeah. Absolutely. Absolutely true. Yeah. Yeah. Because for, for I was at first when I read it, right, I was like, Oh, that's only celebrities. No, not, not so. You know, because think about it. I, I just, one of my favorite show is show show. One of my favorite podcasts is called T boy. The best one yet. And Nick and Jack, I believe the host. I love these guys. They're super animated. They got a quick show.
[00:33:23] They hit you with three good frigging stories, business stories. But any who they reported on Bentley or Rolls Royce or Bentley. One of those is now going into custom cars. You can literally design your car. Wow. From like, from scratch. This is not an assembly line car that you're going to design.
[00:33:51] I'm sure they're gonna have some limitations. My, the point is you own it's by invite only. So me and you cannot call them and be like, Hey, I want to mess around and design a car. Nope. It's by invite only. They already know who the rich people are that they're going to invite to these things. So yeah, they get more rich. You get more access. They get more gifts because they, there's a return on the investment. Right. I'm rich.
[00:34:20] People are going to give me things because they're going to, they want me to go and spend money back on that company. It's almost, you think it's almost for them. It's almost like an investment or something. Absolutely. That's for the company. Absolutely. Put it, put it in your face with my business and people are going to, Oh, you know, rich guy went over there. Rich lady went over there and rich person went over there. And so let me go check it out. Cause they did. That's a byproduct. That's a byproduct. Right?
[00:34:48] Cause if I know you're rich, I'm going to send you a sample of something that I have. Yeah. Because I know that you, my, I have a better chance at you spending money on my company. Then I send this to somebody who I know can't afford it or is in the middle class or poor, low, you know, poor class. I don't want anybody. I don't lay away. He wanted to buy it. I wanted to buy it. That's right. Right.
[00:35:13] The other, if you, you know, then for the, for the middle and the poor, we do commercials and then you do. Right. Then you're going to follow this rich person that I'm paying to be my spokesperson because you love this athlete, Tom Brady, you know, does this. So, Oh, I'm gonna do that too. I love Tom. You know what I mean? So we speaking to the gifts part of it, but do you feel like they're giving more grace to? Yeah. Yeah.
[00:35:40] The hospitals, these rich people build wings at hospitals. Yeah. When they roll up, they're getting a room. Yeah. They're getting medical service. Yeah. They don't need a lot of money. Yeah. Then they ain't nobody. Oh, let me get your insurance card. And let me, they'd be like, Oh my gosh, Mr. Brady, right. Oh, that's Brian Eskimo. Mr. Buck. That's right. This is Mr. Duncan right this way. Right. Right this way, sir. Boom.
[00:36:10] Your wing is waiting. Your room is waiting. We keep, they keep empty rooms for them. Yeah. So heck yeah. Is it right? Nope. Business ethics is an oxymoron. He said that on the show too. Yeah. True, man. Ethical considerations. That's and that's where. Yeah. Are you kidding me? That's, that's why like we, they always say that. I was like, why are these rich people get all the swag that you have. You seen? You ever watch entourage?
[00:36:39] They do it in other shows too. Yeah. But entourage. Oh, I could watch that again. I'm like rewatching old HBO shows that I. That's right. So you see it. Oh yeah. And they, now they got like his origin story. Yeah. They tried, they tried to do a thing. Anywho. The original one is the shiznel though. Yeah. Um, but yeah, you see it on TV where these actors and people, they go to the, the, to
[00:37:05] the swag lounge and they're just getting watches and getting phones and the celebrities is different because they may not actually buy the product, but they're going to use the product. And they hope that the paparazzi catches them with the watch on and paparazzi catches them with their hat on and it gets them to the news. And it's, Oh, look, this one, Tom Brady was wearing this and wearing that. You know what I mean? So that's why they get, that's why they get it.
[00:37:33] If you're in the public limelight in the public eye, you're going to get a ton of free shit. That's true. Free Pelotons. You know what I mean? Yeah. Free Tom board. Yup. Yup. All right, man. Good stuff. Guys keep watching. Check us out. We got some exciting news coming. We're going to be live on Fridays. Yes. Yes. Specifically for this show. We're going to be every Friday.
[00:38:02] Somebody is going to have a chance to win cash money to Amazon, not cash money, but Amazon gift cards. It's like cash, right? Might as well be cash. I'm surprised Amazon don't have its own cryptocurrency now, like its own thing. You know what I mean? That's why it's coming now. So, but yes, we're going to be giving away. We're looking to help folks out. We need some engagement. We want to help on your questions on your paycheck that we could do it anonymously. There'll be ways to ask the questions anonymously.
[00:38:32] So you don't get trouble at trouble at work. And all these employees are complete. Nope. We'll help you. You know, what is it? What are the questions? How can we help? Every Friday, look out for the posts on things. And we're mainly Facebook. Yeah. We have to put that post everywhere. Right. And, but it'll be on Tik TOK. We'll be live on Tik TOK. And then we might be able to take some engagement in different manners like LinkedIn or email. We'll have our email open. Right.
[00:38:59] So we'll, we'll shout out the email and the different ways that you can engage. Look out for the posts on LinkedIn and Facebook and yeah, everywhere. We'll start posting it everywhere we can. And yeah. If you, if you're not following us already, follow us. Go be on YouTube. We're on Facebook. We're on LinkedIn. We're on Tik TOK respectively on our own profiles. What else? A bunch of places. So start tuning in every Friday, get some questions answered. Win some money. Come on through.
[00:39:29] Yep. Let's do it. Let's do it. Peace. We love you. Before we sign off. Here are a couple of quick things. Don't forget to follow. It's about payroll on LinkedIn. And it's about your paycheck on Facebook and Tik TOK. Thank you for being part of our payroll community. And thank you for being a part of this journey with us until the next time. Keep learning, keep growing.
[00:39:59] And most importantly, keep going.


