PASSIVE INCOME > EXPENSES
The easiest job in the planet is to “make sure your money is there when you retire.” That is what some financial advisors are doing with these athletes; the put their money in bonds and chill. This works if you have $100M and can get 1% off that. But what if you have $10M and need to generate $400K each year to cover all your expenses, family expenses etc? That $10M only kicking off 2%,...
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INHERITANCE
Proverbs 13:22 “A good person leaves an inheritance for their children’s children, but a sinner’s wealth is stored up for the righteous.” Here is how you leave a $1M inheritance to your kids when you pass away, even if you are an average working person: 1) Start with $500 and invest it into the stock market (something like the S&P500 that averages 10% annually) 2) Put $500 in every month until you retire. So if...
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BAD BUSINESS DEALS
For the last 20 years, I’ve been helping athletes and entertainers avoid bad business deals. If you want to avoid bad deals, ask the person sending you the deals these 3 questions. 98% wont make it through this filter, but forward the 2% that do to me. 1) Are they putting skin in the game? I often see the “this is gonna be the next billion dollar deal” from people but they won’t put a...
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REAL ESTATE INVESTOR
For all the real estate investors out there, here’s a list of the top 5 things recommend to athletes and entertainers who want to slowly replace their earned income with passive income by entering the real estate market! Shout out to Mario West for really making sure cats are getting the knowledge they need. Randolph Morris approves! This is “PASSIVE” income, so there is no developing, managing or completing rehabs. Diversify your portfolio, 99% of y’all...
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VC’S ADVICE TO ATHLETES
A lot of people know that athletes study the moves of other great athletes. But did you know athletes are now studying the moves of great Venture Capital investors like Josh Kopelman at First Round Capital? His firm turned $1M investment in Uber into more than a billion dollars! Here are some of the things Kopelman told a group of 50 athletes I organized for a seminar. If you’re an athlete and want to learn...
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MUHAMMAD ALI
I care about the opinions of athletes during these times. I recently listened to Muhammed Ali talk about the psychological impact of racism during his time. How many young Black people had to fight psychological warfare just because they were dark-skinned? Systematic racism has oppressed not just Black communities but also Black minds. Shoutout to guys like @malcolmjenkins27 who use their platform to speak out and fight, and #muhammadali for the game on this video. “I’ve...
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HASAN MINHAJ
This is the first time my life that non-Black people seem to be as outraged by what’s happening to us as we are. Not until majority fight with us will things change. @hasanminhaj has one of the best responses and views on this situation from the outside in. I appreciate him for using his platform to support #BLM and our fight against racism. He said: “Imagine if you lived in a country where the colour of...
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TUPAC
"We ASKED 10 years ago. We was ASKING with the Panthers, we was ASKING with the Civil Rights Movement. Now, those people that were ASKING are now all dead and in jail. So now, what do you think we’re gonna do? ASK?” For those wondering why all the unrest “all of a sudden.” It’s been happening to us forever. We are the victims here. But we're tired of “asking.” For every day me, my parents,...
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COMMUNITY ACTIVISM: HOW TO HELP
It’s okay to check up on each other and ask how we can help during these tough times. My partners at @mvp.vc & non-Black friends have been checking on me. At the end of this email I’ll outline ways non-Black people can help our community. ⠀⠀ ⠀⠀⠀⠀⠀⠀⠀ Prisons are one way the system oppresses minorities emotionally, financially and mentally. Defunding prisons and police departments is a top priority right now. Rebuild them like other countries...
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PRISON ENTREPRENEURSHIP TRAINING
We organized a Prison Entrepreneurship Training with #DefyVentures, Black tech founders, investors, social workers and entrepreneurs in Cali. They lined us up across from the inmates and told us to step forward if any of these applied to us: 1) Have you ever seen someone get killed 2) Have you suffered from abuse at home 3) Do any of your parents suffer from substance abuse 4) Has any family member been to jail 5) Have you...
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