The Wallstreet Trapper Educates Us On Stocks, Making Yourself An Asset + More

wake that ass up in the morning the breakfast club morning everybody it's dj envy angela yee charlemagne the guy we are the breakfast club we got a special guest in the building that's right the wall street trap but what up brother what's good what's good what's good what's good family how everybody doing blessed black and highly famous that's in fact now for people who don't know who the wall street trapper is you might have heard him on the urn you lose your podcast your podcast would you i missed you that week right yeah yeah yeah yeah i'll go back home a lot so i went back to new orleans to be with my daughter when you came yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah i missed you that talked to matt about um talking to you about that dude definitely yeah so let's be on 85 south show shout out to um carlos and the crew i appreciate those guys dc chico chad yeah yeah yeah so let's break down while you're the wall street trapper well man first and foremost let me say this man charlie man i want to tell you man i appreciate you brother um you the first black man i ever heard talk about mental health and um just coming from where i'm from in new orleans man you know i saw my moms get shot when i was nine um i wound up going to prison at 16 for shooting a man and just being in the hood coming up in the streets man you never know how how trauma affects you right we never get taught about mental health and therapy like it's it's not something that we you know just get approached to and as i got you know started doing my thing i was like damn like i've been affected by a lot of stuff you know what i'm saying things i did of the street things i did in prison things i've seen and it started affecting me so i really got a therapist now man wow so i i i want to tell you man i appreciate you for that love king i appreciate you for that um yeah just a wall street trap a man grew up in new orleans man saw my mom's get shot went to prison all that stuff my story ain't no different too many other people but just in prison i got introduced to stocks a white guy told me this i had just had a fight with two of my so-called friends man and he had a look of frustration on his face right and he was just like man y'all playing the wrong game and in my mind i'm like how are we playing the wrong game are you here with me like how we playing the wrong game but he told me some profound stuff man he said so and i had a red band on so new orleans red band means attempt murder murder on robert carjacking violent offense and he had a red and white band on which mean he was going to the fez and he was like i can almost promise you you're in here for something less than a hundred thousand dollars and i was like for sure he was like well i embezzled 2.8 million from my company paid restitution to 800 000. i still kept 2 million i'm only doing 18 months he was like how much time you have i was 16 at the time i had 10 years he was like now you understand i was like man you're lying man got that much money right so this before instagram social media one thing about being in prison you always have your paperwork with you so he showed me his paperwork i see it in black and white she's showing me the places he's been to and i'm like yo i need to play that game like what is that like how do i get there and he was just like listen one of the first things you got to stop doing is like stop trading your time for money start learning to make your money work for you start being an investor start giving value to people and i was like the hell like what you like i've never been taught nothing like this and then he tells me wealthy people invest in stocks they start a business and then they buy real estate you do those three things your life will change so the rest of my 10 years i dedicated myself to like yo i just got to learn how to play it and so i just dedicated myself to it watching cnbc i'm talking about i got to watch this before dudes watch the young and the wrestlers in the pen because they love the younger the rest of us is right so i got to watch this before that started dedicating myself to reading and i was like damn like this this [ __ ] different i see a bunch of white men making a whole lot of money like why have i never been taught this like why we never taught this and just coming back home from prison um mike tyson said the best man everybody got a plan to they get punched in the face right so i got back home i got this idea i see it how do i get money like i get back in the streets that's what i know how to do my grams went to the feds my mom like that's what i know how to do this is my environment no matter what i know i got to get money so i get back in the streets man and just in that whole process i'm like alright cool this is what it is my mind i'm gonna just use my hustle money to invest in a stock market like this how i'm thinking it's gonna work kind of didn't go that way i catch another charge uh the fed uh the nurse kicked my doing ten pounds a week ten thousand dollars um i was facing another 35 years that cost me 60 thousand dollars so everything that i had invest i mean to work for in the streets i hadn't lost it again so uh man just god came to me one day and he was like man you playing the wrong game like and it just i had the epiphany i was like alright cool so i still didn't get it though because i got back in the streets but this time i couldn't hustle so i started robbing you know hustlers like that's the next best thing for me in my mind like the streets is what i know how to do um and then i just i got alright let me do something then so i just started reading it again i always was a smart dude i'm like all right let me just try it then so i started really getting into it like i yo this [ __ ] makes sense like damn i see why they don't teach us this [ __ ] powerful like 70 percent of everything that we use and consume with our money is on the stock market like everything so i'm like damn like all right cool all right it makes sense to me not like even the brands that we well louis vuitton lvmh's the richest man in the world louis vuitton owes louis vuitton they um dior mm-hmm they own uh tennessee hennessey moet like yo like let's own it and oftentimes the stock is cheaper than the product gucci balenciaga um these other brands like they own this i'm like all right cool so i went to tell him my homies like yo check this out instead of us just blowing the money we don't want to defend the inning we gonna wear it anyway let's just own that [ __ ] too like let's let's play the game boat ways so my homies really wasn't getting it so i had to say all right yo like the education the knowledge is the fertilizer to your wealth right so as the as the education as the knowledge changes so does the compensation change because now i can have conversations about different things so i really just locked in on it and i started teaching my homies and i was like how do i make it realistic to them how do i make them tap into it so the second thing was like yo check this out we all none of us can beat the game everybody i knew had the same problem nobody had a solution how do i now start looking like stop looking like the problem and start representing a solution right so i can't talk to everybody but i can talk to street dudes like i can talk to them so i'm like yo check this out if you go do a bid which is going to happen what do you come home to like you got to get back in the streets you got to get out the mud again so if you had money invested for you when you come home you got money you don't gotta ask nobody for no handout what if you go do a bid and what you've made the sacrifices you took the chances what do your family have like so let's start thinking bigger picture now what happens if you get killed in the street because most of us need to go to jail or we get killed what do you leave your kids like let's start making it make sense so the goal for me was to never tell you get out the streets it was to start saying yo let's start thinking about our family now like let's start thinking about something bigger than us and nobody never came to us like that so that was my whole avenue and so the wall street travel was me just saying let me turn the trap over into something positive instead it always been about dope instead of always being about hustling and i knew my voice for who i was talking to i never wanted to talk to nobody else you didn't go to school with nothing you just read my tears read i just read what were some of the books you read uh so i'm gonna lie the first thing i read was rich dad poor dad right um and the reason why was because it wasn't actually an investment book it was a mindset shift so one of the things that have to happen us in the street is we got to start looking at money different right so a lot of times with me what happened with me was i stopped looking at money as something i needed and i started saying yo what i really want is the time right because most people most people the biggest complaint you'll have is i don't have enough time so my thing was yo let me start using the money to buy back more my time the more time i have i can find a way to create more money if i can create more money i can buy more time and then ultimately i have the freedom that i want see we think we got freedom right now but we don't really have it right you don't have freedom to you're able to do the things you want to do spend time with the people you want to eat if you don't want to do [ __ ] you got the freedom to say i don't wanna do [ __ ] right so i was like i need to do that so i just started learning how to analyze businesses anything by warren buffett anything by peter lynch any like i started reading them books don't get me wrong it's boring as [ __ ] right but i started understanding like okay if they can do it i damn sure can do it like they ain't no better than me they men like me the only difference was they had access to knowledge remember at one time it was like illegal for us to read that's right right it's illegal for us to read it's a reason why it's illegal for us to read because once you start reading you get exposed to something different if i get exposed to something different i can start seeing the world different if i can start seeing the world different now i can have what's called time a financial identity financial um understanding i can start saying yo this is what my money is worth this is what my money can do for me i never know that only thing i knew was i can work for money and that's it if that's the only way i know how to make money i'm limiting myself that's right i'm limiting myself right so wall street is this big old machine that prints money every day all day i just got to know how to operate the machine if i learn how to operate the machine i got a job forever and a job is just to produce freedom for myself and then let my daughter and i start inheriting freedom so my daughter five years old now she got six figures invested i've been investing since she was one like let's normalize that you know what i'm saying like let's normalize all right thing you won't go to college cool you ain't got to go in debt to go because i've been investing for you since she was two you'll be a millionaire before you're 15. that's the goal to give her freedom not just not just money but give our freedom to say okay how many 15 year olds we know man you can't do this because you got to help mama raise the kids you got to get this job to help mama pay bills right but what if like yo you can be a sick you can go to college and have that experience if you want to go but if not you can be an investor right most of the people we know is if i can't play ball i can't rap yo i'mma just be a hustler because everybody who i see go to work nothing against nobody going to work but everybody who i knew that went to work was struggling i don't want to struggle man i don't want to know him a lot struggling how do i do that i start learning how to be an investor that should unlock all the doors you need to unlock you know i think it's great especially for your daughter that you started a bank account they've done studies that show that when kids have a bank account and an early age they tend to be way better with money later on in life and that's something that people need to focus on like explaining to your kids how money works making sure that they know they have a bank account and i think even with so many apps and technology today it does make it a lot more accessible for people especially younger people nah that's a fact so i'm like so for me my daughter don't even have a bank account she got what's called a custodial account but that's smarty here's why you put your money in a bank the bank then takes your money so let's look at it like this you put a thousand dollars in the bank the bank once you open that bank account the bank and say yo we legally can take 90 of that money and do what we want to do with it fractional reserve banking right you don't know you like all right cool but they've taught us yo let's just sit the bank is the safest place to put your money in they've taught us that right they've taught us that right and we don't know no better right because we gone off the information we've been taught so the bank gonna say okay trap let me take that thousand charlemagne needs a thousand charlemagne we can give you 900 at this i call it your adult report cost your credit score whatever that is we'll give you that based on this you pay me interest on that he takes that 900 he does what he does he go pay to you envy you take the 900 you put it in the bank the bank now take that same 900 they take 800 lend it to somebody else right so they're gonna make a whole lot of money off that if they can't ten percent off ten percent ten percent one percent i'm about to say that off yours but then they're gonna also say yo you know what says nobody don't wanna take this money we don't got nobody to give it to let's go put it in the stock market right so now we we asked out and they're gonna give you 50 cent at the end of the year right so how do we leverage it all right cool let me now say i'm gonna put my own money in the stock market right and i'm gonna own the same bank i'm gonna own chase bank right i'm gonna get chase bank to pay me dividends i'm gonna get those dividends to buy me more stock and chase bank right so now i've not only got the bank to pay me i've also got ownership in the bank i've turned the bank into my own trap house right that's just how i look at it like for me so for my daughter it's the same thing if i put if i just keep putting money in the bank for her it'll never grow to that million that i wanted to grow to right because they ain't gonna pay me enough but if i put it in stocks and give her ownership and then from five to 18 when she has access to it it's unlimited what it could do let me ask you with the stock game i haven't really got dove into it like i want to the reason because like you said is the time you got to study you got to master it's kind of like with real estate like i had the time because i bought my own house which taught me a little bit about real estate and i do the same thing with you i don't really put much money in the bank i'd rather like i buy my daughter a house and her house pays for her college my son a house his house pays for his high school and will pay for his college just the way i think they'll always have that when i die they'll have it they'll continue to make money but how much time does it take you to master the stock market because people listen and they think it's easy they look online they see cnbc you know uh i just put fifty thousand and i made five hundred thousand they you know listen to what happened with gamestop and you know people think it's an easy process how difficult is it to learn the stock market how much time does it take and how how how often are you on it are you on it all day long or you trading all day so there's different there's different components on how you play the game right and so one of the things i tell people is like wall street looks like us now right like it don't look like the image we had before right we added all whether you trading forex i love so my portfolio is 80 buy and hold and i think everybody should start there right and why you should start this buying holders a lot of people know what that means yeah so buying hold is simply finding a great business owning it and just holding it long distance long distance right long term long term long term long yeah long term so what happens is like nipsey said it best and i just use it in everything like it's a marathon like so we looking at the 40-yard dash how can i get rich fast not understanding that we didn't get into this situation overnight so a long term would be like uh explain like so so you buy app so we're not saying to buy any of these tell you what a long term would be yeah i'm definitely not a financial advisor right so one of the things i said look for three things in the business it doesn't take long to understand a business right look for three things you want a business who you can see being around for the next 10 years longevity longevity right you want a business that is producing cash flow right and then you also want a business that has a competitive edge so let's break that down what is a competitive edge what does the business has over its competitors that says it can't go out of business right so let's think about this this thing is called the moat that a business has and let's think about a castle like in the old days and it had this water around it to keep the invaders out right so i always want a business to have that so one of the things that i love is a business that has lifetime customers a business like apple right so apple has what's called this it has two types of moats it's a switching mode and a branding mode switching mode says that because i have this iphone what's the possibilities of me going to android slim to none why because everything i does probably is connected to the apple cloud so my phone is on it my computer is on it my laptop everything i have so for now for me to go to another phone i got to take all of that off of there to go somewhere else the chances of me doing that is slim to none correct right brand switching mode how likely is it for a user to switch from this company to another company that's important another thing is like a branding mode right so what is a branding mode when you think about a name this name sticks out you think about this when people think about a shirt with a collar what do they call it polo right brandon mo when the company name nam becomes synonymous with an object like q-tip q-tip you think about cold drink man you know coke you know what i'm saying brandon modes it's important right another thing is um market leadership so when you think about a new industry who's the head of that industry right electric cars you think tesla all the gate you think retail you think walmart right so it's not hard to get in it the thing is getting you in and then just start understanding yo what do what up what does a good company look like so i have these five rules i go by and i call them rules r-u-l-e-s the r stands for reason what is the reason that i'm at this company for how did i get here do you do i understand it like do i understand how this business actually makes money right that's important right amazon if i actually how does amazon make money you say by shipping products out and i'll say well that's the second way they make money the first way they make money is amazon web service it's the biggest web service in the world right so you got to understand that think about disney you say how do they make money well they entertain yup they do they also have streaming they got espn so you just under you got to be part of the amusement post you got to understand how to make money it's important right so the order you the lde is expansion can i see the business expanding without selling off assets right so you want a business to have to sell off assets to make money so let's think about mcdonald's right so mcdonald's went from burgers and fries to 24 hours selling breakfast it didn't cost them nothing they added a drive through they just cut a hole in the window got a drive through right they didn't have to sell off anything to do that so you want to see that you don't want a business to sell off assets to make more money for us let me ask you with mcdonald's talk about it at mcdonald's right you're gonna say real estate years ago i would think mcdonald's was a great business right but now with everything turning healthy uh with people not necessarily wanting to go out as much mcdonald's don't really deliver you got to go through uber eat your fries come close it's not just desirable is that still a long-term investment so now you look at it as this way again i'm not telling nobody else so now you look at it like this okay who's the number one fast food business in the world number one right people still love the brand kids still love chicken nuggets no matter it's not healthy kids stuff like still love chicken nuggets right the world is opening back up you can go to any mcdonald's right now they got a line wrapped around it you're not going nowhere so what they did was they made how do we how do we speed this up cool you can go to mcdonald's now they'll have the kiosk inside of them so now you even got to go to the register you can order right here right they're taking a page out the chick-fil-a model right so it's still going to be a great and then also what one of the things that you'll see about mcdonald's they put their restaurants in prime location that's right really i'm always i always the main business is real estate yes like prime location right prime they're gonna make sure you see that arch you're gonna see the march and they're gonna make sure they tell you we serve this many burgers a day also let's dig a little deeper with mcdonald's so again like these people brilliant so there's a study that showed that red make you red is something a color that makes you hungry so if you look at most of your food chains most of them are red they got a rich something red inside of the sign psychologically that engages you to like damn i'm hungry you know what i'm saying so they smart just in branding um but then also like one of my favorite companies is chipotle right so chipotle has i told in the beginning of the pandemic i was like yo this is a company that's going to explode right so people's like man you tripping people sell burritos like why are they going to explode but what happened was they did something that no other business can do we talk about a moat right so what chipotle does is they partner with local farmers within 100 mile radius so every day you get fresh vegetables from chipotle no other company can do that and they do it at a price so well either the only way you can compete with me is if you're willing to lose a profit most companies ain't in the business of losing a profit so they're like yo i'm not gonna mess with that part of the business model right so we find business that have these competitive edges um and it's not really a hub but before you even get there before you even say yo i gotta learn all that just start earning learning what you consume yo like before you even get into that whole master before you try to be warren buffett be dj envy be showing man be trapped like you would you consume every day like like envy should be investing in beijing right no seriously because he's serious just for men has taken off during the people i'm being honest though you know it's been helpful for me too like i was saying earlier like all these apps right because i've been using this app public that i've been using to invest in the stock market and you don't have to invest like a full price of the stocks you can invest whatever amount of money that you have but it's also like a twitter feed that's on there so there's all these different people that are only having conversations about different stocks and what they and they're not telling you what to do but they're talking about what they did and why they did it and then i go off the app and i'm like okay let me do my own research and so that's how me and like you said things that i use like i invested in the real real because i know that secondhand luxury item market isn't going anywhere i saw there was a new ceo at the company so i look at different things like that pelaton you know obviously during the early stages of this pandemic we saw how peloton was not even available for people to be able to order so there's a lot of things that i look at then i go and i do my own research but how do you decide when is the best time to buy because the market fluctuates so much when are you like this is a great time to get in so one of the things i love to do is and this is where the patience comes in that right so one of the things i tell people is like you got to understand the value of something before you got to understand the value of the asset before you buy it right like if you went bought a car if you bought the car at the sticker price then you're probably getting messed over right if you bought a house at the market price you're probably getting messed over retail right you don't want to do that so one of the things i help people say is what i help people learn is how to actually find the value of what this asset is worth right like i'm into this game so think about this so for black friday people run to walmart and all these places because they feel like these liabilities are on sale right well when the stock market goes on sale people want to take their money out that's the perfect time to put money in right because in the streets you make more money in a drought and so i keep the same mentality when i'm investing so to answer a question my love is like i wait to the market go on sale like last year yeah you know what i'm saying and i'm gonna be real and on march 23rd i went crazy last year i was dumping everything i had enough you know what i'm saying i did in april my financial advisor he was like wait wait he was like all right now cause he won't see the bottom yes you wanna see when he's gonna buy them right for me i love that like i teach all my people that you're like while it's running up what we need to be doing is researching businesses we need to be researching them we need to be finding out what they work because what happens is it's like expansion right you can only expand so much before it has to contract right you can only blow up so much before it has to come back but when it comes back that's when we unload that's when we triple our net worth yo it's a game so and one of the things people always say is why don't they teach us this in school right so just let's think about this right wealthy people don't make wealthy people rich they give wealthy people ideas so that poor people can make them rich so they can make us better consumers right so they can put something in our face to make us right so the lion is at the top of the food chain game the lion will never tell the zebra the giraffe or the water buffalo how to get away if he did how would he eat right financial predators financial praise you got to now transition to being a financial predator right and the transition is information like this machine ain't going nowhere we just got to learn how to play it and so it's okay when the stock market is going down when they're saying it's hyped up like i ain't tripping i'm just alright cool when it pulls back a little bit 10 percent is a market correction so if the stock falls back 10 percent that could be a buying opportunity if it falls down 20 it's for sure buying opportunity right and so that's all you're paying attention to it doesn't have to be nothing i don't envy i barely look at my account if i see the market running up there's no reason for me to look at it because i just wanna check and see how much money i made right but when the markets start going down like the last two weeks i saw the market was down i was like oh it's down let me go see what's going on right now let me see what deals i can find cause some things on sale and everybody panicking when i look on that tv and i see it's been read a week in a row oh yeah i get happy all right let me pay attention to my app now let me go ahead and find some companies that i already got sitting on the side that i can buy but if the stock market running i want no part of that like i'm making money you know i know some people are going to hear you you hear the term financial predator in fact that sounds so negative but truth be told you only got two options they said he's the predator to pray you're going to eww that's it that's the same with every industry same same thing with real estate like you know this time the last couple of months was the time where everybody bought yeah you made a lot of money why because money money was low you get interest rates i mean there's all-time low when have we seen the interest rate for 2.5 that's a fact and you know since money's low people are buying so now a lot of you know i got rid of so many properties not because i needed to but because i'm getting way over market value value right right i mean which is good and it's gonna fall back down it's gonna fall back down and then when it falls back down you buy some more and that's all i do is it's a rinse and repeat cycle you can really find 10 great companies let them go sell when it comes down buy some more like you can just rinse and repeat that you know what i'm saying there's it's it's impossible for me to learn every business on the stock market and people can do that with anything i just tell people you could do that with cars mm-hmm like i did find cars i do the same thing i find cars i get them at a low price and then when the market jumps back up i let them go there's nothing that i keep same thing with jewelry yeah rolex for instance yeah let's say you bought a rolex let's say you your mother gave you a rolex or your grandfather gave your rolex five years ago those rolexes were twenty thousand dollars yeah appreciation dollars right now no less than fifty thousand appreciation what about birken bags birkin insane birkin shot through the roof like a [ __ ] that's the fact and if i could get my wife to sell him i would be happy because she's not selling she's keeping it for granted kids but everything that's that has value right now people have money they're buying and the value is shooting up but it's going to drop and then when you when it drops it's a motorcycle mr trapper what was the first amount of money you invested into the stock market and what stock was it um it's ten thousand dollars i invested in ford probably the worst investment i made in the beginning because i was just going off of everybody got a mustang just before i learned the fundamentals um and i realized that it was a bad company i did that too i brought you involved too yeah i thought it was a bad company what did you get me in under armour now i wanted to i wanted to do under armour because in my head it was steph curry was endorsing it and i was like everything steph curry's attached to i felt comfortable about at that time i mean it could be good for him it could still come back it did good for a couple months it didn't yeah so and and so that's when we started getting into like so i own a company called lululemon right little lemon yeah i love little lemon i bought them and started on the um like i bought them and every like we did a hundred percent this year like just think of that idea like making a hundred percent on your money now when you say you own a company you invest in the company you call yourself ownership no i'm on it so so so i'm glad you said that when you buy stock in the business you are a part owner that's right at that point like no bs i own disneyland yes you are like i teach my listen i teach my daughter that now i teach my daughter that i was like staying you own 250 shares of disney she was like daddy i own mickey mouse i said you damn right i said the same thing to emily i'd be like i'd be like stank i'd be like stink you need to um so yeah when you when you own when you own stock in the business you actually are part owner like you get voting rights like they send you emails yeah yo this is what it's called in a proxy statement yo this is we're doing this is we that's what we lost money at this is how we plan on making money oh and by the way we're declaring a 50 cent dividend that's to you as an owner of stock you are now entitled to a portion of the profit that that business makes what makes you better is the more ownership you have the more say so you have absolutely you feel what i'm saying as with anything so i instead of under armour like i bought lululemon because i felt it was a better business but that worked out that worked out for you but even so like you do real estate envy like what people don't know is like you can get into real estate in the stock market right through it's called real estate investment trust reach right so just think about this walmart amazon they're not in a really mcdonald's they're not in a real estate business so say but they can go to somebody and say yo i need a warehouse made a thousand squeak by 1 000 square feet the people going to come to them and say okay cool we'll make the will build it for you but you have to sign a lease with us triple net lease right and that's just simply saying i'll provide the building you pay all the bills right you buy the lease so now as an investor i can say i own the company who where amazon pays rent to i own the company that walmart pays rent to 7011 i own a company called oh reality right they they pay dividends every month they own 711 walgreens planet fitness home depot so i own the people they pay rent to so essentially you can still get into real estate that way without the over without the tenants but they do everything you know what i'm saying so and i did an analysis like maybe a year ago 30 000 invested in a home and 30 000 invested into the stock market in a real estate investment trust true enough you'll make more money on the front end with the real estate right but i enjoyed the no hassle so if let's say that tenant put a hole in the wall that now has to come out of the rent money that she was collecting which is cool i think real estate should definitely be a part of anybody's portfolio but with the reap i don't got to do nothing but just collect the dividends and now they are by law obligated to pay me 90 of the profit that they make because they get the tax benefit for it and so for reach you can own apartment complexes you can own senior citizen homes like there's no limits like you want to own land you not a farmer cool you can buy a land reach so now like one of the companies i own they rent out acres of land to marijuana growers you know what i'm saying like i don't got to own the land i don't got to go do the share cropping but i'ma make money off it absolutely you know what i'm saying so you can get into this you can get into this machine in every way possible and then once you start building long-term well okay cool now you want to learn how to trade cool do that as well like again i said wall street looks like us right yo i'm doing that with him yeah what you just talking about but you know i want to ask you something right like you talked about um you know how you first i want you to give some tips on okay the people who just started like they were watching this interview they don't have 10 grand right you know what i mean right they got a couple thousand right right they got they want to get into stock there you go what would you give what tips would you give that person so the first thing i would tell them to do is get what's called like again i'm not a financial advisor y'all like don't hold me to this but the safest way to get in the game is by getting in the etf right exchange traded fund and so it moves like a stock but it gives you a collection of stocks all at one time right so let's say you wanted to get it you like bank stocks you can get a xlf etf and now you own chase bank citibank bank of america you owe them all at once it's a safe play like let's say you wanted uh etf you wanted to get into electric cars you like trap like i like tesla but that is too high for me all right well you can get an electric car etf so etfs are great you can just go to a simple website etfdb.com right etfdb.com and it'll have a bunch of etfs on there um it'll break them down for you you can't be scared to read like you can't be scared to read like i'm gonna just be real like that's how you leverage the game by reading most of us want to get rich fast but we don't have the patience to build wealth right so i would say that the first thing you can get into is the etf like that's the safest play to get into is going to mitigate the risk and what i mean but it's going to take some of the risk off so what happens is let's say i wanted to own apple but i'm not willing to take the risk i might wake up in the morning apple down eight percent i might be like yo i'm about to sell right well you may own apple with this etf you're on apple amazon netflix you'll own 10 companies so if one company is down the other eight is finding a balance in it if all eight of them down it still wouldn't be down as much as the one company would because you found balance so that's a great way to get in the game and i want people to understand this too just because a stock goes down in price doesn't mean you lose money you only lose money when you sell it when it's down because you've locked the price you've locked that loss in right so the stock goes down if you bought more you've now bought the price and what you bought it at you bought it down so if you bought it at 200 and the stock goes down to 150 if you buy more of it at 150 you've now brought it down to about 165 and so now you can make profit at 165 instead of waiting for it to get back to 200. right so that that would be the first thing i would do is say yo just start with some etf or some index funds the s p 500 500 yeah so you can buy the voo or the spy great index funds you own 500 businesses you can't lose with that on average it gives you eight percent right that's what i got last year um rashad told me it's my gosh shout out to my brother sean said that wasn't a good move well because that wasn't a bad move but it was a better way to do it it's because we understand the power of returning and compounding right so what happens is we talking at a beginner's rate you buy the s p 500 over the last 100 years it just returned nine percent for you right that's still better than the zero point zero five percent you wanna get from the bank but what happens with rashad and ourselves we look at the market so much i even tell my students we can make eight percent of our sleep like don't let them set the bar low and we cool with the low bar right understand the potential financial possibilities that you can do if you just did a little research again education changes the conversation information is the fertilizer i well yeah because when you're looking at your [ __ ] and you up an extra 150 racks or something you ain't giving me nothing you like whoa whoa it's this game changer so how much are you listening the most important financial decision you'll ever make is how much of your paycheck you're going to get to work for you it's the most important decision how much of your income you're going to turn into capital to turn that capital into wealth and turning into capital is just saying this is money i'm gonna use to invest it's a simple decision right so we got to start learning how to do more with less so i can get the more be abundant in the future if we don't prepare for tomorrow today when tomorrow comes we'll be no better than we were the day before what do you think you would be if you didn't go to jail i tell people that's the most important part of my life i would never take that 10 years back like i did it you can't time is our most important asset but for me that elevated my who i am as a man who i am as a father to another level without prison i there is no wall street trap 100 without prison there is no wall street trap right prison saved me in so many different ways you think about like again i saw my mom's get shot when i was nine my grandmother goes to the feds my mama then catches another gun charge then she gets shot again she's still here though thank god for that i didn't become a product of that so my mama goes to jail my grandmother passes away i'm homeless 13 12 13. i'm homeless i'm in the streets like so i was now with all the [ __ ] like i i found love from gangsters like they was like yeah you do this we do this so literally before i came before i went to prison i was in all kind of [ __ ] you know what i'm saying so prison actually saved me and made me better you know what i'm saying i asked that question because like i always say prisons aren't real correctional facilities hell no but if there was actual teachers there instead of the guy that you was you know that was that was there doing a bid with you somebody that could actually plant seeds in you insane yo travel won't you come yeah stock exchange thing for real like go to classes while you're here yeah you could come out a better human but i think it's a little different though and i'm gonna tell you why like you know my team my daughter she goes to college and she takes real estate class she doesn't take the real estate teacher serious right and i asked her why and how thing was if he was really doing real estate he wouldn't be he wouldn't be here he would be investing in making a lot of money that's a fact you took that guy because you seen his money it's the same thing same thing with caesar caesar went to jail and he learned real estate because he learned from a guy that was really doing a lot of these teachers you look at him and be like how can he teach me if you have caesar come talking to jail all i'm simply saying is why brothers are there and sisters are there give them a chance to actually give some correction that's a fact that we need people like you that not i'm really trying to get back in prisons right now like that's something like i'm heavy i was talking my guy andre no i'm like yo i need to get back in the trap for real like the instagram thing is cool because i get to impact so many people but the people that i really want to talk to they're still in prison mm-hmm right they need like yo how do i get out of here like that's who i want to talk to because you're not wearing a suit you're not wearing it yeah like and even with me like if somebody tried to talk to me about stocks and he got a suit and a tie on immediately i'm not gonna feel like you came from where i came from and you may have came from the trenches just like me but you got that suit and tie on and in my mind you ain't been through [ __ ] like you scamming for money is a universal language it's a universal language one thing we're going to listen to is a [ __ ] trying to show on us if he looked like me sorta that guy in jail didn't look like you but he was he had proof to show me what he did in a way because he had on the same suit he had on the same thing i had on so all he had to do now is show me he was from where i was from in a different way so for me like i'm gonna always wear these i'm gonna wear wall street trapping stuff every day i'm gonna i wanna make stocks look cool in the hoodie and show like it's symbolic to me yo like i'm gonna have no suit on i got a hoodie on just like you fam let's talk about it right i've been through what you've been doing if not worse let's talk about it right and so now immediately i get the attention like damn trap talking that [ __ ] like i won't hear that and then my whole language is i really i use the same language from me hustling to convert it over like everything about what like i gotta you know and i'm not trying to sell nothing like my course is called marijuana trapping wall street trapping trapping doing a drought you know what i'm saying like i use that like i tell people travel it's how to require the stock by the go up and be like yo y'all we got to put them triple beans on work to work right now yo it's game time you speaking the language like cause that's how it made sense to me i can only teach it the way it made sense to me if you can't relate to it i don't you know what i'm saying like i'm for you though and i tell people i ain't for everybody right i can only speak it in a language that i understand and so that's where the relatability coming at because i feel like i always say it's more of than them right and so i just want to teach my people how to sit at the table and say yo i can talk about financial statements because trap told me this remind him of a triple beam and i ain't this reminds me that this reminds me of putting on the scale and recalibrating it with a nickel i get it i understand what he's saying now you make more money in the drought cool that means the stock market go down oh i know what that mean you know what i'm saying like so i'm gonna talk it in that way and then people buy into it i'm with it like that's my whole my whole aim man i don't want i'll never change that but prison it helped me because that's what happened to me charlotte man like even after that one of my islamic brothers came to me and was like bro you got so much potential like why are you teaching people because i wasn't teaching it like i was still again i'm getting out the mud like i'm selling green i'm running numbers i'm doing all kind of stuff in prison man selling weed everything and he was like bro like you got so much potential you watch this stuff every day like why do you want to teach something else people follow you why you don't teach something else he introduced me to islam and it just was the yo like damn it's different like i am my brother's keepers in a way because once i had the knowledge and i don't teach it to him then i'm at fault not him each one teach one you feel me so i started holding myself accountable for teaching my brother's stuff and so i had to relearn a whole bunch of stuff like my actions my ways my demeanor me seeing another black man not looking at him like i got something against him but looking at him like what's good king are you doing like how can like let me let me defuse it early right like because in the streets if i see you and i'm looking you look too long it's like what's that i'm from especially new orleans like what's them and now immediately you like what was happening you know what i'm saying so now let me diffuse that what's good king mm-hmm oh exam bruh that whole that whole that dialogue it changed so now you're receptive to what i got to say man let me show you let me teach you about something bro all right cool i'm gonna learn that all right cool we can have a conversation now that's why i love your story because it literally just shows all you gotta do is pour in the brothers and sisters man like we just because you grew up in a certain environment we not set in our ways right i just don't know any other ways that's it it's learning behavior and so the only way we get out of that is one exposure is important to me um earn your legion man my brother from hooded states ernie it was so important to me on my journey because even rashad like rashad tells me all the time like trap you got to be diplomatic bruh you know what i'm saying and not cause i don't be one i i don't always be wanting to talk but rashad will be like brother you got information people need to hear from your point of view like don't don't don't be afraid of that um and they made me receptive to being around brothers learning giving knowledge talking it you know like that no hate like i don't got to withhold the information i could just pour it just keep pouring it right you gonna get it on the back end just keep pointing information my bro from hooded stage one of the first previews he talked he taught me about um investing in 18 was i got two of them but i don't even drive i don't do nothing the company drives it don't mink as much as you would if you had an actual company right but i make an extra thousand fifteen hundred dollars a week and i don't do nothing you know what i'm saying like the driver drive the company book all the loads i don't do nothing i just get a check every week and then i split it with the driver we spit it 50 50. we good yeah that's the watch in his brothers that's what they do yeah like i don't drink nothing yeah i don't do nothing so it was saying yo how do i get that relationship equity with people right because the relationship is going to put me in situations that money can't put me in so i need to build solid found relationships that's built off value i want to build the relations with shoulder man i want to build a relationship with envy i won't do that not saying what y'all can do for me bruh how can i help you bro how can what i know bring value to your life and what you doing let's build that relationship off that instead of how much money i can make you or how much money you can make me now we looking at each other that's my brother right there he just out of rent he just called me the other how you doing today bro i don't even want nothing like and we learn how to build those relationships that help us too you know what i'm saying and i learned that environment taught me that being around people who didn't expect nothing from me and also i didn't have to be a gangster in front of them [ __ ] what y'all doing this gangster this is the most gangster [ __ ] y'all did in your life say the richest gangster yeah i love what nvmc's are doing with real estate i love her earn your lease you're doing with finances i love what you're doing with stock like that is the information that's gonna change the generation yeah and that's that's how we change it as a collective unit being able to say yo let's share the information and then how can we be impactful right i saw you envy i saw you had 3 000 people i'm like yo like i'm gonna go talk to them like i won't do that one day i want to talk to 3 000 people about stocks and she'd be like yo that's what we're doing y'all it's going to be mind-blowing it'll get to that point people want to learn people want the knowledge right i think the the best thing about it is when you're real with people you see it and the [ __ ] they see through it like your bid everything else they came to our show right and they've seen it and they were saying yo i got that i learned so much knowledge and you know we don't we we doing something that together that i'm sure we'll announce soon and i think you might be involved as well yeah we all go out together man whatever instead of hitting 3 000 7 000 10 000 we can go to arenas and hit 20 000 but they get all the knowledge they get real estate from me and caesar they get stock advice from you eyl or breakdown other things so that way they got you know what i mean you you can't stop us when we all you can't stop it i mean and it ain't about the money it's about teaching the impact and that's the main thing man i can't man listen i'm being 100 like whatever i could do to add value whatever y'all got going on man i'm with it but the beauty of it is everybody's doing what they genuinely love doing like when i talk about mental health because that's i really i go to therapy you know what i'm saying i gotta take a purpose coach i'm in the mindfulness that's what i do i'm just i'm just sharing my story yeah i didn't know it's gonna impact people like all right yeah that that i'm telling you i and i made it a point to when i came up here i'm like i gotta tell you all i mean that like yo that opened me up so much man like i suffered with survivors the most heavy like just saying like i made it out like i'd be like damn like i'd be feeling bad sometimes like especially yeah like when i go like i go home i'll be like damn you know what i'm saying cause my homies see me and it's crazy because like some of them i gotta deal with them from a distance and it's out of respect for what i'm doing and what they doing and there ain't no love laws and in my mind i'm always like how do i get them how do i get them like and i suffer with it bad like i deal with my own situations like my own demons i'm like damn like i'll be asking god like you're like why you use me like you know what i'm saying so but theramy therapy helped me because one of the things therapists told me was you don't have to fear being successful you meant to be successful you don't got to fear going back to the streets you know what i'm saying real talk i'm laughing because i had the same conversation with my therapist yesterday i had i had to go have an emergency i usually go on friday i had to have an emergency session yesterday and she literally said to me like you've been doing this for how long right like right you know what i'm saying like you've been doing this for how long and even which setbacks you've always just keep going why would that change now mm-hmm like [ __ ] yeah yeah yeah shut up no you're gonna stay in my [ __ ] man we appreciate you joining us brother man appreciate i want to just tell my bro man mo duncan man i appreciate him too man for just plugging those things up you know i'm always about again relationships man you know so he was like trapped like people need to hear you man like and so i just appreciate that gotta shout them out and just y'all man for having me yi what's good queen i appreciate you i actually ran into your uh co-host for your podcast in atlanta at the love she works out there uh yeah yeah yeah yeah yeah i've made it oh yes she's been working out yeah yeah she's been working on her so i met her she real cool man so just thank y'all man i appreciate it this won't be the last time like i want to you know i want to keep you and earn your leisure up here pretty regularly you know what i'm saying because this is the information that our people need man yeah yeah whatever i'm with it i say it again man i'm with it like i'm a phone call that way i'm a flight away man i own my 24 hours and that's important and i just want to tell everybody out there also you know just because you buy one house or one stock doesn't make you a analyst all right because a lot of people and i make sure i try to vet everybody to make sure that they're really doing it because you get a lot of people and they scam and they scheme because this is you know this is a big business as well saying they're teaching people they're not really doing it and that's what we try to do we try to make sure that we bring people up here that actually do it that can really explain and break it down and not just try to take you know people's money because we're trying to help our community in the long run for sure thank you for joining us thank you brother thank you give me information instagram oh for sure man wall street travel on instagram is wall under school street underscore trapper um and on youtube it's just wall street trapping man check me out drop a lot of information every day all day on instagram and youtube um so just just holler at me man let's get it let's trap big trap all right well it's the breakfast club is wall street trapper [Music] you

Channel: Breakfast Club Power 105.1 FM

Views: 1,888,077

Rating: 4.8983879 out of 5

Keywords: the breakfast club, breakfast club, power1051, celebrity news, radio, video, interview, angela yee, charlamagne tha god, dj envy

Id: xC_IyotuXiU

Length: 51min 5sec (3065 seconds)

Published: Fri Apr 09 2021