Conversations About Credit

right now, Pete. We're recording this, I know, but I just wish because we're supposed to deliver. But that's a whole another story. I ain't chipped. So um, how is Florida? How's it justin in Florida anyway? Man? I don't even want to come back for Christmas at the family, not at all. I don't want to ever come back. You guys are out of your minds. I don't know what's the matter. I don't know what's going on. You guys not not moving. You guys are crazy. I don't know

who you want to live in Florida. Fastest growing state in the Union, I think in the Union at last. So in the Confederates. Real, that's a really white word. The Union, the Union, the Confederacy, the Confederacy. It's the

fastest growing state in the Confederacy. Man, it's really white of you, Peter, Thank you, No sailors, g l my boy, Peter, and with us for a third third conversation he's dropping in on the players is Gangster Chronicles hosts Manager extraordinaire Mr. A Big steal y'all make some noise for Big Steel. Ain't nobody clapping for you either. I ain't clapping for you. Thank you, thank you, thank you. That was wonderful, man. You enjoy your weekend off still, man, I heard that

the game wasn't played this weekend. Oh no, man, I'm very glad that it wouldn't played, man, because it's become a joke. Man. The only joke to me is that the only team in America to have a school or to have a game cancel for COVID is cal Who's mandated everybody within five hundred miles to get fifty shots in their arms. And they're the only team Berkeley, the only place that had a team with so much COVID that couldn't play the game. Berkeley and that's what I'm saying.

I'm just like, how do they kick COVID now? Man? Like how did this happen? Man? But I'm I'm cool to be at home, man, because you know, it had been some crazy either running loft to cal and I have been mad that he was some ship. So I'm glad. I'm kind of glad to be at home. Sheilling this weekend. I don't think that's funny, though, I do think that's funny. California, like my state as that whole better than dial type attitude.

And you are the one who FUNCKX up. And you know what state they love to make fun of, Florida. And you know who got the best COVID numbers, Florida. You had a hundred thousand for a shitty game between two garbage schools and state of Florida, Florida State. Welcome to Dope, Campbell, Tallahasset and by knes lost. We played the game. We didn't have anything about moving into November or something like that. I was like, whatever, man, So it's not even a forthfeit. No, it should be technically

to me, hold on, hold on, hold on. First off, I'm gonna say this again this is for the second time. Still some place for USC. Chris still in me. So when he's talking, ain't we didn't ask you? You came on this show. We we we informed the audience of who the funk we're talking about? So you used to tell them about all my whole family. Litten, listen, listen, you come on against the Chronicle just to keep it real,

so real next public forum, you can he on ESPN. Alright, ain't no secrets about Yeah, we do want to do this. So when he says we, he's referring to USC, so go ahead. Now, Yeah, I'm just glad we didn't play this weekend. Man. Kind of you know, it gets kind of like and then my wife she's getting into all the football now, so she watched every game that's on. I'm like, can we watch something else besides football that's in juxtaposition, you know, because he just get tired sometimes. Man,

it's too much emotion that goes into it. Man, I'm getting old. G I can't get to emostly invested in the whole bunch of stuff. My heart starts chickering and ship man, it's just ain't cool. You sound like good boy? Yeah, I just want a simple life, bro, that's it. I just want a simple life, man, that's it. How you can come retire in Florida. Man, I'm not coming down

to the Florida. They got flying roaches down there is hot, this human muggy and what you're saving money, you gonna spend the air condition because it's hot as a motherfucker out there. Way Man, it's so nice. It's colder here where you are Florida. You know how it goes on, how the weather it was in Florida and it feels like you're getting somebody in the um airplane is dumping the galling the water on you. Then to be hot muggy again. That's how it rained down there though. You

don't even get that. It's like high eighties, low nineties at most right now, No, no, Peter, eighty degrees down that feel like it's about a hundred degrees. You're sweating your clothes, getting messed up in everything. Today it was nice and now he admitted he ain't right. No, I ain't, man, it's not You guys are treating it like it's Houston or like it's something like that. It's not that. Yeah, yeah, it's pretty close. Did you get you did you get

in your new place yet? Thursday? Thursday? How much is the rent? Hundred? Less than a mile from the sand? Oh my god, you are in paire days. I'm I'm it's just a one bedroom. M's chill. I'm trying to say, you know, the month and now in California, where it gets you some ship the sides of the closet. I'll be in the Jay's und right now. I'm on this. I'm on sand like I could. I'm a little bike ride from the boardwalk. How tough was it to get in it? Um, it's hard. I guess it's just it's

a bit of a feeding frenzy down here. But I had a good um realtor from another place I was looking at. There's a two bedroom further inland for six hundred, and I let this couple take it and this and the girls like, look at this. Other places out of the market yet because they're fixing the bathroom up. And I was like, this is great, I'll take it. How does it work get in the place down there? You know? How like in California, you want to go get an apartment,

if it's available and you want it, you get it. Right, if you're there first here the listing apartment, and they'll wait for we can take in like fifteen applications and kind of like try to upbid everybody out that hold on you mean like collect you mean collect like fees for like the application fees. No, well that happens too, but like no really even prior to that, Like it's, um, it's kind of like New York, like they'll list Okay, we're gonna list the apartment of fifteen hundred. I'll show up,

I will give you fifteen hundreds. Some guy will come up the next day it's someone I'll give your fifteen fifties, and then it'll go for seventeen hundreds. Like it's like New York style. Ship. Yeah, so you can auction the ring, yeah, I mean it's a market systems. So yeah, that is some Florida. I've negotiated rents downward. I've never negotiated a rent upward as a consumer. So like the fact that I got this before it hit market was probably the

only ones gonna happen that some country right there. Country ship. That's that's that's like Manhattan. Like the people because they're doing is looking to see oh it's a nigger right here, it's a Mexican right here. We don't want them innute. They're looking to see who they want. Well, they're going by who got the money? Still ship, they said, he's said you could, you can offer eighteen hundred and get it over the white man. The motherfucking department was on

listed for fifteen hundred. That's what the hill And needs to be. Ain't no damn bartering system that where you're trying to raise the rent up in California. All that ship negotiating and beating the ship. I think I think that the two bedrooms, looking at the other throople that took it, they were gonna outbe me. They were a

black couple. I was just like, I'm not even gonna I'm not even gonna put a bit in a foreshot bit because I knew that they were going to do it, So I just said, you can just have it at the market rate and I'm not going to force that props. Why that's why you're not a cracker. Thank you. That was so generous of you. It's also why I'm in a hotel stone, but that because you know, I respect that man. It's that type of excellence doesn't happen with

Caucasian people traditionally that are in position. You let me ask you this, Peter, did they have um did they have a required credit score that they wanted you to have before you move in there? Yes? What was the score? Six fifty, six fifty, So you have been in the fifth six fifty credit scores at least of six fifty. It's about seven. Oh you have so you do have white credit. I thought your credit was was for a decade. It was for a decade. My score seven seventy two.

You've got a good credit. Damn fun credit? What that see? That? That's the thing. Like, I ain't never met a white person who brag about credit. Only negroes brag about credit, the ability to borrow money. Somebody was talking to me the other day. They was like it was a girl. She was like, kids, you know my score is a seven thirty, And I'm like, you proud you could borrow money so you can vault yourself in the in the

debt even faster. Oh, don't think that's so much with all it is a little bro I think it's the fact too, if you need credit to do a lot of things in this world. Even if you have money, what do you need credit for? If you have money? You know? You know what? Let me rephrase that. You listen, you can have money, No, Listen, though you can have money, you can have a million dollars, you can have to

three million dollars. But if you're in commerce and you want to elevate that business, you're gonna have to have some kind of credit or financial backing in order to proceed forward with that venture. Only because you don't have money. I don't know. It depends, man, Because you can have you can get denied on some ship. Can you get How can they deny you something if you're paying for it? Listen, maybe you don't have the money to pay for that

particular thing. Maybe you try what I just said to you. You only need credit if you don't have money. Yep, and and and unfortunately, even people with money need to have credit if they're in business, not if they got enough money. You know. Like like like when my like my mom's dad, he had a lot of money. What he wanted to buy something, he just walked up and

fucking bought it. And I was right, don't need to run my credit, Mr, mr whoever you are I mean like, I got frustrated a couple of weeks back at a place that want to delay and drag out the process, and I had the cash on hand. I was like, look, I don't want to spend an extra thousand some dollars at the hotel. I'll buy the lease out fifteen times twelve in a deposit. I'll give you the whole fucking thing.

I'll give you sixteen five two days when you run by credit then and they still it was like the realtor was like, we'll do it, and then the management company was kind of like because it's like not a thing that happens. But to steal's point from a number standpoint, here's where credit matters. If you have money, say I got a million dollars right, and I haven't invested in a vehicle that is paying me ten percent a year, I don't want them. That's pretty good, but it's that

that's the market the last several years. So I don't want to break down that ten to go, put something to go, put it into another thing. If I can get that same money at three percent, because that's seven percent, Delta is gonna stay coming back to me. So that's kind of the value of credit if you're gonna do that. Again, it's one of those things where you just don't have

the money. You can have some money. When what I'm saying to have money, I mean you have the money for whatever it is you want to buy, But it's what's your money costing us, what's your money earning? If I if I have ten million dollars and a thing costs five million dollars, but I'm making more money on the five million dollars that it costs to borrow five million dollars, then it's more advantageous to borrow it because the difference between the costs and the earning is profit

that comes into my pocket. Totally understand. But again we still talking about which I'm not mad at not having money. Like let's say, if whatever you want, you can just pay for it. Yeah, but now we're kind of stepping up the rim of reality. How many people like that? That's how many people have it like that? That's some people. Yeah, Elon Musk, they don't gotta run Elon Musk. No, but everybody everybody is not Elon Musk. Bro Let's let's let's

in the world. But that's the wroblem with this country, though, the problem with this country is that prices have gotten so inflated because of the borrowing culture that that that the metric of value has been polluted. You know, like you don't have the money to go buy a house in southern California, Go buy the house in Memphis, not go borrow the money and whatever else. I mean, if you pay three on thirty years at a million dollars, you're paying one point nine for that house. You know,

does that make sense to get it? Makes sense? I get what he's saying that that's what That's the same stuff I was saying earlier. We are saying, m Yeah, I get it. So that you know what the thing is though, bro about credit and money and stuff is um and I see it all the time. A lot of people in this country just live beyond their means. It's like they can never they can never start saving because you know, when you first got out of college, if you get a job making fifty and sixty, you

feel like you're making money. Right. Okay, So first off, like we talk about like when you just started off getting out of college and ship, what do we really Yeah, let me finish my thing let me let me finish with saying I'm just talk about regularly everyday people. Right. You know, they may get a job where they're making fifty sixty a year and they think that's good, that's a that's a good living for them for the first

few years. But then they start buying more ship because of course they have more money than they had in college, so they start buying it. They get an apartment, they buy this, they go get a car. Right then they meet the check that they're like and say, you know what, let's get married. Let's get married. Then oh, I don't want to live in this apartment no more. I want to go get a house because my friend Candice has a house now and her and her friend her and

her boyfriend Timmy just bought a house, so not evenant house. Right. So now that this man is feeling the pressure to say, okay, I'm making this list sixty and seventy year, I need to elevate my game. So you may need to start e looking for another job, be deal with the ship that you're dealing with. You know what I'm saying, You want the most controversial hot take that you're gonna get on this topic, anywhere in America that I'm gonna give

it to you right here and now I'm listening. I have for over a decade been pounding the table that the two thousand eight security or real estate bubble crash is the direct result of the feminist movement and the flooding of women into the workplace because you now had men still want women, but no woman wants a man that makes less than them. So the man has to pursue put out the perspective that he makes more than the woman. Well, if he doesn't, how is he gonna

do that by borrowing a bunch of money? Yes, I agree, and that so again, the only reason someone would feel that's a fund up take is they lack accountability. Only the gender that feels like they lack accountability only the only person, the only gender that would feel offended by that lacks accountability. If you're offended by that, then you

you lack accountability for your actions. Because the reality of it is is most men get into that because of their spouse, and it can be the other way around. It's some women that's very good with money, and you have a dude that always got these schemes and plans and plots. That's very rare, but it happens. You know, that is an outlier. That is an outlier outlier, sound like yeah, but you know for the most part, you know,

you see it all the time. You you see these guys, um they typically live in places like hunting Beach and stuff. They want to get as close to Newport Beach as they can't, right, so they may live in Hunton Beach, right, Yeah, you will see their wife and you just see these dudes sometimes when you're in the mall, you can tell they stressed the funk out. They just look unhappy. The kids is wearing, you know, the kids got on George's

the wife got her back on. You see some poor asshole in the background just look like he just depressed. I'm like, yeah, because he could pull out that credit card and go buy this ship and they got down. He could have a heart how to pay for all this ship, you know what I mean? And all that wife's doing is bitching and bitching and bitching and bitching.

How come we still live in Huntington Beach. All my friends from the you know, croquet club wherever the fun live in Newport Beach and Big Canyon and in and in and then we're still over here off Bruckers. What the fun time? I'm gonna go cheat on you when you would work all that ship. You see it all the time, man, and some white people's ship. But but you see it all. You see it all the time. Man,

You see that all the time. And I guarantee you if you took a survey at the average household of people to live in these places, they barely can afford a little. Because I'm gonna tell you the motherfucker that got money. I got a homeboy that's a real estate bearing. He's worth well over a billion dollars. Right Yeah, this dude, when I say he's a bearon, you know, he calls me for this type of ship. Hey, norm what are you doing? I'm like just just chilling working on some ship. Hey, well,

I'm by your crib. Dude. Come to the six or five and look at this plot of land on building. So I go over there. This he is land and he just don't got a little house he's fixing up and no ship. This motherfucker actually has like a a like a three or four or five acre strict dude, what I'm doing has already got this LEAs to motherfucking Walmart, and I got the other one leads to FedEx the other side of at least the FedEx. They're building the facilities.

I'm building the facilities and they go room from me for like the next hundred years. He signed a hundred years land leases on ship like that. And you know what this motherfucker drives. He drives a pick up. He wears a T shirt and jeans. You can't tell his motherfucker got money, but you know what he does. And he got a private jet. His crib is sick, but he just don't flaunt his money like that, like he don't like he you don't care, you know what I mean. I mean, I I agree, like I get it for us,

for us in our community. It's always tough because when you used to being treated like ship, you know, you always want to look like you're not ship. You maybe shipped on the inside, but you at least want to look like you ain't ship. So it's it's a it's to get treated. There's somebody were the Kings are looking like we got more money. Well that's because again it's it's one of those situations where you want to look better than you feel, you know what I mean, and

necessarious deep trauma. It's not simple, you know, it's it's it's much deeper than that. And and I noticed, and I noticed as a as a man, because I didn't grow up poor. Um. You know, Olivia and my mom wrestled so big oh was making she was on it. She was a registered nurse, you know, she had a master's. Um. We lived in a forms in Compton, like we lived in Contable. We lived in the wrestling forums. And that's kind of like uh much more um productive area, affluent,

that's the right word. So and then my pops on the tow truck, and you know, they both was hustling. So you know, I never felt the need to show people I have something like So even if you know, I don't know my grandparents situation. I think my grandmother owned her house, and I know my grandfather only made him once, but I know he owned his house. So I think I've never felt the need to show anybody I have something. I just have something like I'm not

trying to prove it to you. But I noticed a lot of people that I came up with, you know, going down there to the car dealership, you know, financing cars, doing whatever, you know, way to face first into the economics that they're making, trying to prove to everybody that they have something. So I just think it's weird, right, you have a bunch of people spending money to look the part, and the part itself doesn't spend money to

look like anything. It's almost like it's almost like a false like the way like my community and people from where we're from see you know, wealth, like we see wealth like Gucci. But everybody that I know that's wealthy, whether Brian Turner, whether Jimmy, any wealthy person I know or I talked to, I've never seen them have any signs of what we see in wealth. They don't have those cars, they don't have those belts, they don't have those garments, they don't have those shoes, you know, like

that business trying to not look like money. So I don't know what's wealth? You know, where did we get this false sense of this is how you you know, you equite what some people do have these opulent displays of wealth, right, Um, like my body just the same buddy I was telling you about the word is the jeans and the T shirts and drives a pick up. Right, he has a private jet. That's his one thing that he you know, and he spends a lot of money on that. He still do that's a utility, like he

has to go around the country. No one's he's not stunting. He's not coming down your block flying upside down. That's because I don't want to wait in this fucking line of l am gone there and half the time because you didn't like we had lunch two weeks and then he told me and he was like yesterday, he was like he was kind of tired because he said, I basine said, body flying through a jet. I come down on your streets. Still over there down the jet hammer. We sat jet in the early nine I feel like

he was doing that. He's coming through Ugland in that jet hammer. That's what you was doing. O G. Because just get originally the original side show he's coming part one. He just side y'all think he's like on the hammer, just came doing this jet leaving donuts. There's something baby, and then would it be back in the day with donut jets that yet, Oh my god, that's something stunning

would definitely do offer shout stunning stunnup with it. Jet Stuna gonna tow his jet through New Orleans, DA gonna you know what. You know what t Q told me, bro, It was something that was crazy to t Q told me one time. He told me this story man when he was signed to cash Money Records and they had

signed a new deal with Universal. He said, Birdman was walking around the hood barbecue with checking his hand had a check for like something like twelve thirteen billion dollars and he was walking around them, walking around the projects with it. Man, like they had a barb and he's walking around with it like, yeah, well we look at

this check. Guys. We haven't changed now with like pictures in them rocket chains straight up like that with a cashier's checking that motherfucker like right there with a gold frame and the whole ship a property like indeed of the I was paying for a pot right there, title to my car right there. You know. It's a sad state of affairs that we've been that traumatized that we feel like we have to show people that we're doing something. We feel like, oh, I have to have this Bentley,

I gotta have this chain. And it's like, you know, like even me to talk with my son about stuff like that. He's twenty one years old. He was talking about sometimes this conversation is just like I have to listen to him and be like, well, man, you sound ridiculous. But then I have to remember he's jump because he's talking about getting him a Bentley now on the next few months and talk about getting them a chain. I'm like, dude, so you just gonna start off just lose the money, huh.

At the rapper started, I gotta talk to them about that dog you want to change in the Bentley like for what you are in the NFL. Everybody know you got money. What the But listen what I'm saying. He's in the NFL. Everybody gonna give him some pussy because they know he don't got to wear a chain, he don't got to have a Bendy. Every woman gonna get him some pussy. They know. Tell him to where his

jersey with his name back. That's the ultimate flex. Let me just wear my jersey even when I ain't hooping some thing, even with the rappers. Because I'm gonna tell you something that I laugh about rappers all the time. Once a rapper really gets in the game, he's around two or three years. His conversation changes for when he first came in because he realized that man I failed for the illusion. It was popping because you see these

guys on TV. They flashing money, they got jewry on, they're some fly ship, but they don't know once ye know, cut, you gotta get that jury back. You got all that fake as money. They go throw that ship in the trash and you can be on your way back home. And the clothes and a lot of cases that you have on your back, they can put them right back on the rack and take the motherfucker's where they renting them from. Okay, a little bit of illusion? Am I

telling the truth? Yeah? No city where everybody the neighborhoods changed for the album shooting? Yeah yeah yeah. These dudes pull out their cars, these keys fall in love with the lousion and they get in. They realize, don't get me wrong, representing broke. They make money, but they make money from doing shows, and they gotta do a whole

bunch of other ship. You know, they make money in other ways, but a record company check that's almost non existent, because guess what they're paying for you to become famous. They've paid you become famous there, and you are going to take the brunt for everybody in the building to ticket Hila. They only loaning you money. They loaning you money, and then they're spending the money and and they they

loaning you the money to pay the people that they hire. Okay, we we staff the best people in the business, right, These people are all on credit accounts for us, right, we staff so we have our indoor staffed and we have credit with people outside. We're gonna loan you this many millions of dollars, right, Okay, you can have this. This is a lot of to you. Here's an advance on what you possibly can make. This is a lot

of to you. Then the rest of it is, we have it here, we're holding your money, and we're going to actually spend it with the people that we have hired here that are specialists. So we're gonna pay all these people. The video guy, I'm gonna pay that person, Gonna pay all of these people for you. So once you get out of the fit that you know. I heard Meek saying that ship the other day and he was like, oh, well, I haven't seen a royalty check.

Meek is not selling two and three million records, rest assure from me, you and these records, you know, to to three million dollars. When you start talking about advances, video studio time, you know, covering all your flights and handling all this stuff, they gotta be in Meek records to three million dollars. Meek is not marketing his projects. I would imagine he's not making more than so most

of the time he's in the rest. So when that when when you hear rappers saying, oh, well, I haven't seen a royalty check, Nikk, and you're not saying, Drake seen a royalty check? You check? You know, it's two types of rappers. It's three types. It's rappers that get dropped after they put out the album they did so bad, and it's rappers that they are were allowed to come

back and get another advance to do another album. They did okay, you know, they didn't make no whole bunch of money, but they didn't lose the gang of money to leave their profiting off of that ship. But the way it's designed, you're allowed to come back to another album. Then you've got people like that small percentage of people like draking them to actually see a royalty check because they're actually selling records. Dog Kanye's advance, it was like

fifty million dollars. Fifty fucking million dollars, Like there's a project. He had put his contract up, like he had got advanced somewhere, and they're like fifty million dollars on a project A walty check for what? Yeah, he's not, but he don't need one at that point because he taking ears off the thing and they probably letting Kangate call a lot of his own shots with his marketing and everything.

But see that that's where the thing is. You know, we're going to go get a record deal lives and this without tell kids, right, fucking loan, that's what it was. But it's the worst loan because if I go to whales Far with to morrow and say, hey, I want to get a loan under my you know, business, right, and I get like, let's say I borrow a million dollars, right,

They're gonna give me the million dollars. They're not gonna keep the check behind the thing and say, well the first thing, Mrs Steel, were gonna go hire this nigga across town and start feeling all your productions. I'm like hell no, hell, hell no you're not. But that's where the Ricord company does. They loan you money to do

what they want to do with it. Almost but they do that, right, they loan you the money and they do that because if you're new to the business, right and they said, here's a million dollars, who the funk do you know? Promotion? Yeah, that's free, do you know? And advertisement? But that's what I'm saying. It shouldn't be a complaint dog. It's it's like and I last man, because it's a million people. Even with me complaining, even with all these niggas that come out crying and ship

it's steal a kid out there. Somebody go off from a deal and they be they may be rocking with me, go I'm gonna go independent. All the niggas say that until they get a chance to go somewhere because it's the hardest thing in the world. And like a lot of niggas say they're independent, but it's like, no, they may be signed to an independent record company. Being independent is a different thing. Like you literally have to finance everybody. You have to figure out the right people to staff.

Think about people. We've just been searching through and trying to find the right fits, and you have to keep up with your bill. Shout I'm a month behind on Greg right fucking now to me, so I gotta pay him. You know, it's it's it ain't no fucking joke. It's not what people wanted to be, not to mention, because you would have to know the inner workings of a business, you know too, and you only not think like, you know, you're a month behind on Greig and it's probably because

you're a month behind. We we seven months behind on motherfucking motherfucking distributions, you know, triut giving us a payment. Yeah, they don't want to pay they so so it's it's funny because that's how you calculated. You're like, Okay, I'm gonna pay all these people. And when I get this check, I'm gonna pay these people. This is gonna be the

consistency ship were behind on that fucking payment. So again, it's one of those things where you know, credit is it's like it's only a necessary thing when you don't have money, and shouldn't nobody be bragging about the ability to borrow money? That is not a brag. It's not nothing to brag. About the funny part about that whole thing is like women, I want to go. I won't dare the guy out less than seven hundred credit score

or whatever funker wanna say. It's like, though, look if you don't have the fucking income or the cash on hand to show, but anyway, it's a matter. You get a few thousand dollar credit cards, what you're gonna do you make sixty forty thousand a year or some ship you gonna go. My credit score is fucking great, and I won't borrow a fucking nickel. I won't borrow anything I've been telling still, like the house I'm going to build,

like I'm just going to pay for it. I'm not borrowing anything right now, I'm looking at trucks right I'm like, I'm talking to do something. I could buy this truck. I found a ford. I could get it for fifty for me. I found this I'm looking at trucks. I'm trying to figure out what can I just go pay for it. I want to pay for it. I don't want to borrow any money. Like my mind is only fixed on borrow money if it's going to make me money. If I'm we're in the process right now of going

up for our first round of funding. Right we're seeking our first round of funding. We don't probably been to the point where we're around long enough to where I actually got evaluation on the company and where we're at and everything. And I'm going out and getting some money, um because of that, you know, because we want to expand and stuff to different stuff that we want to do. You know, you want to get bigger. That's our business goes.

You want you know, you gotta staff it. You know, I gotta stafford because I'm to the point right now where I had so many assets. I can't manage all this stuff. I can't be behind the laptop trying to run this. Didn't do this, and on top of trying to hold some ship man that's the ship is the thing. So now I from the point to where I need to go hire people to do sir things right. And uh, you know though, like I just want to make some clear for the audience, there's a difference between us at

that kind of a level. There's you know, you can borrow money and have debt on your books and have all your equity, or you can have no doubt on your books and you're compromise the equity and you're raising around the investors. Investors are gonna eat up, you know, an ownership portion share. Yeah, for sure, and that's what

I'll say. But but with me I've been having with that is I've had a few offers, but it's always been stuff to where I have to really just look further down the line because I'm not new anymore to the points of where somebody giving me a five hundred million dollars is like, because I realized that five hundred to a million can come with a lot of text to it, and I can ultimately wind up he's working for these motherfucker's You see what I'm saying, because what

it happened is, you know, I had a guy that told me, he said, I'd give you a million dollars, but I'm going to take five percent of the company I want and he has the right to ask for that. So I have to really think at that point and say, you know what, man, this is a long term decision.

This is just because this is not me boring and this is me saying I want to get into business with somebody I don't know, So then I have to make sure he said either say yeah, No, I can't say yeah, they're want to come back later on to I'll be piste off about it. The deal is what it is, because it's one thing when you give somebody you still have total autonomy. It's the board. Then you can still tell him kind of shut the funk up or whatever, you know what I mean, and you have

listened to him. But when somebody that comes you're equal, they can really tell you some ship. It's like they can you know what I'm saying that they can do whatever they want to at that point almost so it's it's not worth it, man. I just tired of people crying because they don't have understanding of what they're getting into. Yeah. People, people, really that's a huge problem because you know, the record

industry is designed. You're getting a loan and um in defense of the record industry, they have to have those terms to what they have because they take massive losses. All we see, you know, we hear about the you know area on the Grand Days and the traits of the world. We hear about them because they're popular. You don't hear about then that's been on these labels for two and three years. Just burned the studio. That's like any other IP defined industry. It's the same thing in

tech development. I mean, you go to an accelerator or an incubator or anything with vcs, angel funds and tech. We're gonna develop fifty apps. We're gonna pays, you know, genius nerds ten million dollars a pop. We got fifty of them. One of them are going to sell for two and a half billion dollars, and the rest of them are just gonna waste our fucking time. Say with pharmaceuticals, will be on all these labs. They're gonna research all this ship. One of them is gonna sell the pills

and gonna make us a half a billion dollars. The other two million dollars just guys looking at microscopes all fucking day. You know it's not the same thing. Just let me get this off real quickly. You know, I'm old. I forget ship right, I'm gonna tell you what got

to spend. No I'm not, But let me tell you what got the business what it was at man, Do you remember like in uh eight ninety seven, Puffinum was doing videos that they said cost a million dollars and they you know, you just had all these just really just grandios videos. You know, they would spend the movie buggets on the damn three minute video, right, they really

wouldn't spend that money of the videos. Bro. It came through people getting money in other ways, like Okay, I'm gonna let you do this, You're gonna build me for this. I'm gonna and you're gonna kick me back on this, right. A lot of people do a lot of people do that. A lot of these artists they shoot a video and CEO putting their clothing budget on their video thing, you know what I'm saying. So it's just like a whole bunch of it's a whole Yeah, it's a but it's

a whole bunch of games that be played. Bro to drive the price up on everything, because again, is everybody's exaggerating how much money they're making in the business because especially in our community, and I think it happened way before our community. Donald Trump. It's funny because so many people hate Donald Trump, right, or that's the concept. They hate him, but they all run his play, they all

run selling wealth and success. He's like one of the first people I remember as a child selling success, selling wealth selling the concept of it, right, So you have every rapper overstating how much they get in first show. You know, maybe they got that one time at this festival at the hottest moment of their career. They're over selling every last thing. And it's a bunch of people like it was dope and hip hop right to sell wealth because it was somebody poor, right, it's poor people,

And then they're getting some money. So then you sell and you celebrate that for a while. But once you get to where jay Z has been at for a while, eventually it's just not attractive. Nobody fucking cares. Like you have to be another wealthy man or a person on the verge of being wealthy to even a fun so is. And that's how I feel about even with credit, where people are selling you know, credit scores, like okay, this

is the thing. Like I hear homies from the street, like people from my neighborhood coming to me like, oh gee, I'm I'm trying to get on that business credit. I'm trying to learn about it and and get this and get the done in Brad And I'm like, bro, like you don't really wanna, Like I'm not telling you how to hustle, but stick to drugs. Bro. It's so much simpler and so much more profitable because this business ship, dude,

it's like you know and you do like me. I have to make sure because I am seeking rounds, and funny enough, my corporation has to be a one. I can't have it to where we're about to close on something and they're going in and see that my corporation is suspended of some old ghetto ship like that. Everything has to be on point, you know what I'm saying. Everything has to be purpose. They researched that before they even start talking to you, Like, let's see who this

dude I'm doing business with. It is a real business or it's dude with me get some money because you have a divorce about to happen or whatever the funk. I'm I gotta give you this money and you're gonna go yourself all they know, gee, I could be getting this money and going out and go pay off my crib give me a Rose Royce and just looked like

I got it. Because I'm gonna tell you all the story dog and I ain't gonna say his name, but it was an executive that I know, right, he to work up at um I ain't even gonna the name. And he worked for a major record company, right, you know what he did for. And this is a huge company. I could see it and I was standing around e M I Right, there was a huge company at the time, as biggest Interscope or anybody else, right, you know they were the Interscope back then. He worked in there. Man,

he had signing power, right, he had signing power. He could opened up budgets. You know this, dude. But fifteen acts through there over a two year period that were there were non existent. It was just a play being ran. This is around ninety six, like ninety fight probably, So he would come up there, Okay, I got this hot new rapper from Atlanta or whatever, right right, they opened up a bucket before and nobody heard ship. They just go on his word. So they just busting checks, busting checks.

Oh man, I don't think the project could work out. So we go dropping right, cut them and check. You know a lot of artists and they get dropped. They get cut it checked sometimes to get let go my correct g you know, they get it checked, right, So you think about it at that time, these buckets we're talking about really you know, any budgets anywhere from three fifty thou dollars to you know on up to a million.

But he had that kind of power. Now just imagine how much money they were making to be able asorb loss like that. I would say he got out of there with every bit of like probably like eleven, eleven and fifteen million dollars dog, So he just pretty much that's just like the old at Mint and um well they got they got at white collar, they got their own plays, and this dude didn't do it, even do

a bit of chail time or nothing. But that just that's why the record industry got to wear was at because it's like, okay, we go right off this twelve thirteen million dollars right on some acts that didn't even exist. They don't have no massive fun because nobody even recorded anything. And that was just crazy to me. I said, bro, you just burnt it out like that. That state thing.

The thing the thing I respect about the um the industry right is if they spend some money with you and they had a good experience, whether they profited or they didn't, they have like I've been offered more deals since I left my deal, like I've been offered other deals. Like I think they're comfortable spending money with you, and if it's not, I don't think I've made cash money money, Like I think I've maybe got close to breaking even,

you know what I'm saying. But I think long is they're comfortable with spending money with you, just like the jobs. They'll keep giving the same people jobs even though they haven't had success at other buildings because it hasn't cost them too much or you know a thousand different things that go with that, and you're perceived as low risk. So previously, oh well, he broke even over there, they did something wrong. We can do something better. Worst case scenario,

he breaks even over here. Not a huge risk, exactly exactly. It's interesting that you were saying, like with Donald Trump, andy with like with rappers or whatever else, Like there's a couple of things that like as far as like you know, that industry or your community or whatever, it's different from like how I grew up. I mean where I grew up, you know, Newport Beach, there's no entertainment industry. It's different ship. So it's like if you showed up

as I grew up at his just drugs industry. But go ahead, yeah, well, I mean even now as an adult, you guys are in the entertainment industry. Now, there's still nobody in the entertainment industry now rather than the fact

that Tyson and Rodman moved into town or whatever. But like, if you showed up twenty five years old as some hotshot dcor or lawyer whatever driving around some big Lass car, everybody down there's gonna laugh at you and look like you're a fucking idiot, Like not because you blew all your money, but they're gonna look at you like, who the fund is this idiot think he is? Like everybody else around him has more money than him. And you want to come show these people up? Who who the

fun you think you are? You're trying to show these people up that have done more than you, that are more than you, and you nobody what the fox are that? Like? It's disrespectful, it's disrespectful to the game. It's like an alg Brothers the order of Operations. It's like, don't res an apartment and by Bentley it's not the order of operations. The equation doesn't match, and everybody around just gonna look at you like you're a fucking idiot, and like you

disrespecting them and you're trying to show them. That's a huge separation culturally. Do you know the order of operations? Still? Do you know the order of operations when it comes to No, I don't. I don't even know how long it was. Excuse my dear aunt Sally. Parenthesis, exponents, division, multiplication, additions, retraction. I don't for that ship. I really remember my A. B. C's man damn part multiplication, division, addition, subtraction. You know,

well I never got hired to see him math. Huh, I never got hired to see him math. But English. That's because you was a fucking rapper and you probably did good English history and all that ship dog like a's all the time. I was actually now you know, but checking it out. Yeah, well well I know for sure enough, man, But ship it was. I had a time man to where they had invited me to the Cleveland School of Arts. I was actually invited to a roll in there and I didn't want to go because

they didn't have a football team. And in hindsight, me looking back on it, I said, man, I wonder if I could have became the next Poploup, the Costle or somebody there. You ain't gonna be Boblo, but you could have been some ship. No. I was actually a very good artist, dude. I could draw Poplo. Wasn't poplo in real time. You had to die for us to figure out what it was. Yeah, and I didn't want to do that. Wanted to make it all that money and get all that fame while I was alive, notoriety. I

don't want to get that when I was alive. Don't nobody now, I'm gonna tell you all this. Anybody that ain't showing me love. Gee, anybody ain't showing me love now when I died, they're putting up me and go shoot all the motherfucker's and as motherfucker's. He didn't funk with you, You didn't funk with him, and he didn't sunk with you. He thought he was a piece of ship. You want me to trip on all of them? Hell? Yeah, if somebody you don't push it up about me, I

can't even get your motherfucker's to repost something. How far do you want me to go? Do you want me to go in the comments and say that when they want to comments and say, you fake ass motherfucker, don't try to jump out the Homies movie. You're trying to You're trying to get some off his death. How far can I go? You can go all the way to hammer on their heads because I can't stand motherfucker's that

do that. Don't wait to a motherfucker's dad to give a motherfucker to give somebody their props, tell him when they alive. Well, why do the funk would I care when I'm dead? What's crazy to me? Just through all of this stuff. I have my best credit at the time, I care at least about it. That's how I used it goes, That's how I paid. I paid all Like what I started doing was I used my credit card the whole month and then I'll just pay for it

at the end of the month. Whatever it is, like if I spent if I spent sixte hundred, I'll just pay for it at the end of the month. That's how I do it. I remember I heard a dude say that to me, and at the time I think I cared about credit, maybe ten years ago, I thought credit really meant something. I'll get you credit up and so you could borrow more money and being more debt. And the more I thought, I was like that just

stupid commercials exactly. The ads got me. So what I realized was so I picked up this about ten years ago where it was like a guy was saying, like, Yo, the worst thing that you know that you had, you got your hands on as a debit card. And I was like, well, that's how you pay for stuff. He's like, no, you pay for stuff with a credit card, right, and then you just pay for it at the end of the month. He's said, don't pay for it with a de big card. There's no value in it and you're

just spending money. He like, will spend money and then make the money work for you. He was like, so use your credit card, no matter what you know, only by things you can afford to use your credit card and pay for it at the end of the month. And he said, you'll have your credit score up in no time. And my score was at a seven ninety seven or something. But I cut off a credit card, like I cut off a credit card probably two months ago, and then like it took me, it went and knocked

me down to a seven sixty. And now it's funny because I just got an email right now that my score is at where's that? And that's what happened to me, broke, as I called myself doing a response. I had four credit cards and all of them I was, you know, I was, I was using one of them for the business, and so I was, you know, spending money on it, and I would pay at the end of the month. Right,

So my credit score got pretty high. So I said, man, one day, I got a nice little piece of money and I just paid off all my credit cards and I cut the motherfucker's off and kids kick one. Man, you know, my ship dipped like sixty some points six points, And I made the same mistake last year. I cut off that credit card and it just came up. Now I'm looking at it right fucking now. I should show you all motherfucker you want to know? Another interesting juxtaposition

is seven. There you go all over that is. Yeah, I guess I could borrow some money. Yeah, good thing. It's better than mine, because mine went from being like that and think mine it's like at the six nine. I would only borrow money if the interest rate was less than one percent. Well, I'll tell you if I could buy a car, if I could buy a car and it was like, Okay, come get this truck at zero point eight percent, I buy it. Do you know what the thing? How much is that? How much is

that zero point eight percent or sixty thousand? I mean annually? I mean ship a five year that's four percent total value? You know what I mean? What's that? What's that about? Nothing? That's uh yeah, that's crumb. And what's crazy is now of like um inflational outpaced that anyway? Yeah? You know, well you have good credit, you won't have a waste

of people trying to get you to braw money. Because I'm gonna tell you, ever since and I don't know how our house like, for example, our house when I first moved in here, we played five fifty for the townhouse. Right for the condom what you called. You caught yours at the dip. You bought yours, and the dip Now it's worth right right before it dipped. Yeah, according to them, now it's worth seven thousand. So they send me and her all this stuff every day. You can brawl two hundred.

You can borrow this. Remember just wanting to get this ship just back, and you remember when it failed down a three fifty and you was about to die. Hell yeah. I looked at it. Still was calling me like what the fun is going on? And I was like, just hold up, still come back. I said, well maybe that's what it was. I was like, Man, this ship is is dropping down. Man, we've never seen the champ for

this motherfuck. Still bought the motherfuck and right before dipped the first time when we had that really big diep and I remember telling like just staying strong, big bro banks from like it's worth I'm gonna tell you all. They built the Benny Hunter down the street from what were popping over. Weren't even leaving the city. Do you

know what you're not allowed to do. You aren't allowed by law to let to take that two thousand dollars out of you know, like mortgage against your property and so you get into two point eight percent or whatever the hell. You are not allowed to take the dollar and put them into an investment. They don't pay you, you know, two point eight plus x and pocket the

difference that's yeah against but this is my house. Yeah, but because of um, you know, lending backing and insurance finance laws, all you're getting two because because it would it would put people in position to say, Okay, well, yeah, I'm gonna go take two or thousand dollars out of my home and go by McDonald's stock or McDonald's stock tanks, and you lose your job and the market goes down for housing. Now everybody like people would compounds, you know,

bankruptcy like the hard core. But to me, I'm a libertarian. I'm you know, if that's what you want to do, then go ahead and eat your bankruptcy and b bro, you took a chance, you lost. I don't know why that's such a problem in this country, but apparently it's a huge problem. We're looking out for. Tuning into the No Sinners podcast, Please do us a favorite, subscribe, rate, comment,

and share. This episode was recorded right here on the West coast of the USA and produced by my homeboy A King, for the Black Effect Podcast Network and Not Heart Radio. Yeah