July 23, 2025
98: Rip & Rant: Insider Trades, Tone-Deaf Tips & Financial Gaslighting
Ever wonder how politicians like Nancy Pelosi and Marjorie Taylor Greene grow millionaire-level wealth while you're getting hit with overdraft fees? In this episode, Jess and Brandon expose the shady world of insider stock trades, slap-on-the-wrist fines, and the double standards baked into the system.
Then they’re coming for out-of-touch celebrity financial “advice” that sounds more like satire.
If you’re tired of money tips that ignore real-life struggles, this one’s for you. Let’s talk power, privilege, and why it’s time to rethink who we’re taking financial advice from.
Watch this episode in video form on YouTube
To apply to be a guest on the show
You can email us at: thesugardaddypodcast@gmail.com
Be sure to connect with us on socials @thesugardaddypodcast we are most active on Instagram
Learn more about Brandon and schedule a free 30-minute introductory call with him
Please remember to subscribe, rate, and review.
Chapters
00:00 - Political Trading Scandals
05:24 - Insider Trading by Congress
10:00 - Nancy Pelosi and Wealth Accumulation
16:12 - Celebrity Financial Advice
21:49 - Hustle Culture and Privilege
29:57 - Taking Financial Advice with Skepticism
Transcript
WEBVTT
00:00:00.200 --> 00:00:03.105
We are back with another Rip and Rant.
00:00:03.105 --> 00:00:07.394
A lot has happened in the world and we have a lot to say about it.
00:00:07.394 --> 00:00:18.969
So we're going to start off with if you made a trade based on privileged information from work, you'd go to jail, but guess what If you were in Congress, it's just a regular Tuesday.
00:00:18.969 --> 00:00:20.452
We are going to talk about it.
00:00:20.452 --> 00:00:30.327
And don't even get us started on celebrities giving out money advice when they make multi-millions and billions of dollars, but now they're out here trying to give us budgeting tips.
00:00:30.327 --> 00:00:33.185
No, thank you Unsubscribing to that.
00:00:33.185 --> 00:00:39.372
So stay tuned if you want to hear some of our opinions of the happenings in the world.
00:00:46.887 --> 00:00:48.689
Let's get into it.
00:00:48.689 --> 00:00:53.293
Hey babe, what are we talking about today?
00:00:53.973 --> 00:00:57.462
Well, I know you've been burning on the inside.
00:00:57.462 --> 00:01:02.457
We haven't done a rip and rant in a while and you have a lot to say.
00:01:02.457 --> 00:01:08.492
And every time you come up to me and you're like I'm like, all right, we got to go record an episode because you have a lot to say.
00:01:08.492 --> 00:01:09.420
So here we are.
00:01:09.420 --> 00:01:14.707
Yeah, when do we start?
00:01:15.368 --> 00:01:21.724
Well, if you guys pay any attention to social media at all which I hope you do, you're following us.
00:01:21.724 --> 00:01:27.825
You will also see that politicians make a lot of money off of trading individual stocks.
00:01:28.367 --> 00:01:28.587
Yeah.
00:01:28.587 --> 00:01:55.441
However, they are trading in individual stocks that maybe they have insider information on, and by maybe we mean they have insider information, like they're out here buying random no name stock and then, all of a sudden, random no-name stock, and then all of a sudden, oh, the following week there's a multi-billion dollar contract being signed to use that tiny piece in a valve for some water system in some podunk town.
00:01:56.322 --> 00:02:04.593
So, yes, so let's talk about it insider trading is illegal, so so let's just say Depends on who you are.
00:02:04.793 --> 00:02:05.816
Yeah, depends on who you are.
00:02:05.816 --> 00:02:11.431
So insider trading is supposed to be illegal.
00:02:11.431 --> 00:02:18.092
However, you know, it all depends on who you are, basically what it boils down to.
00:02:18.092 --> 00:02:28.848
So let's just say, hypothetically, that I'm sitting on the board of a publicly traded company and I have insider information as far as some of the moves that the company is going to make.
00:02:28.848 --> 00:02:32.665
So if I know that, hey, we're going to have a big merger with another company.
00:02:33.407 --> 00:02:34.852
You can't go and buy their stock.
00:02:35.039 --> 00:02:35.441
Correct.
00:02:35.441 --> 00:02:40.687
You can't go ahead and do that because that's considered insider information and that information wasn't accessible to the public.
00:02:40.687 --> 00:02:45.336
You have to make any trades based off of public information, not information that has yet to come out to the public.
00:02:45.336 --> 00:02:46.949
You have to make any trades based off of public information, not information that has yet to come out to the public.
00:02:47.310 --> 00:02:47.550
Right.
00:02:48.352 --> 00:02:52.703
Now, when it comes to politicians, specifically more people sitting in Congress.
00:02:52.703 --> 00:02:55.149
They are sitting on various committees.
00:02:55.149 --> 00:03:10.844
They are part of the lawmaking process where they are finding out all this information of things that are going to be done, different companies that are going to get different types of government contracts and stuff of that nature, which all can affect the stock price of that company.
00:03:10.844 --> 00:03:15.290
And these individuals are making trades based on that information that we don't have access to.
00:03:16.140 --> 00:03:17.606
AKA insider information.
00:03:17.979 --> 00:03:21.342
And they are making a crap ton of money, and it's just.
00:03:22.061 --> 00:03:26.169
And not getting in trouble for it, like they're barely getting slapped on the wrist.
00:03:26.340 --> 00:03:31.391
And the thing is is that there are laws in place to prevent this.
00:03:31.391 --> 00:03:37.211
So there is something called the Stock Act which is supposed to stop insider trading by Congress, but obviously we know that it doesn't.
00:03:37.231 --> 00:03:39.521
It's clearly not working, because basically what?
00:03:39.562 --> 00:03:45.574
it is is that once you become a part of Congress, you have to disclose all your assets.
00:03:45.574 --> 00:03:49.890
So any type of accounts you have where trading would be done, those need to be disclosed.
00:03:49.890 --> 00:03:57.774
However, you also have to disclose within 45 days of any trades that you make.
00:03:57.774 --> 00:04:00.907
So these individuals are doing all these things.
00:04:00.907 --> 00:04:02.685
However, you're not supposed to.
00:04:02.685 --> 00:04:15.639
Once you make trades and you disclose them, the posts will be reviewed and obviously, if you're on a committee and you know this company is going to have a government contract issued to them and you made it and you started buying their stock beforehand and it's disclosed within that disclosure.
00:04:15.639 --> 00:04:17.764
After the 45 days, you're posted out with penalty.
00:04:17.764 --> 00:04:20.492
However, the penalty is like a $200 fine.
00:04:20.492 --> 00:04:28.543
All right, real quick.
00:04:28.562 --> 00:04:32.178
I want to speak to the person listening who feels like they can't work with a financial planner yet because they're carrying a lot of debt.
00:04:32.178 --> 00:04:37.922
First of all, I see you and I need you to know you're not broken, You're not behind, You're just in a tough season.
00:04:37.922 --> 00:04:43.603
I created something just for you because I've had people reach out who are serious about changing their money story.
00:04:43.603 --> 00:04:47.552
But the full financial planning package just wasn't the right fit yet.
00:04:47.552 --> 00:04:52.692
So I built a new service through Oak City Financial that's focused completely on debt reduction.
00:04:52.692 --> 00:04:54.144
No fluff, no shame.
00:04:54.144 --> 00:05:01.166
You'll get a one-time planning session, a personalized payoff strategy, your own financial dashboard and monthly coaching.
00:05:01.166 --> 00:05:06.485
If you want extra support while you climb out, it's $300 to get started and $100 a month.
00:05:06.485 --> 00:05:08.891
If you want that ongoing guidance, that's it.
00:05:08.891 --> 00:05:12.850
This is about helping you get unstuck, not making you feel like you failed.
00:05:12.850 --> 00:05:16.490
If this sounds like what you've been needing, go ahead and schedule a call with me.
00:05:16.490 --> 00:05:17.904
The link is in the show notes.
00:05:17.904 --> 00:05:19.485
Let's take the first step together.
00:05:24.000 --> 00:05:48.228
I'll make several million dollars gladly and pay a 200 fine every time I mean it's a, it's a joke, it's laughable, and the thing is is like well, this is why the people who are in congress I mean stay there and never leave and die there because, like hello, they are padding their bank account and building generational wealth that is beyond, and they're doing it in a very short amount of time.
00:05:48.228 --> 00:05:57.175
I mean the average net worth of like a seasoned congressperson is like around $6 million.
00:05:58.980 --> 00:05:59.461
Newsflash.
00:05:59.461 --> 00:06:06.244
That's not the average of income or wealth in the United States, and that's why you have these individuals.
00:06:06.264 --> 00:06:09.913
Like you know, I make less than $200,000 a year.
00:06:10.661 --> 00:06:12.367
Yeah, because they're a public servant.
00:06:12.367 --> 00:06:15.949
They're a public servant and it's like as you are doing this entire trade.
00:06:15.968 --> 00:06:16.831
That's why they stay here.
00:06:16.831 --> 00:06:18.697
That's why you have career politicians.
00:06:18.697 --> 00:06:21.963
Yeah, and as much as, like you know where we lean.
00:06:21.963 --> 00:06:22.704
We lean left.
00:06:22.704 --> 00:06:25.649
People on both sides are doing this, so this is a bipartisan.
00:06:25.709 --> 00:06:27.432
Nancy, we see you, girl.
00:06:27.432 --> 00:06:34.249
We see you Because I mean it's ridiculous is what it is, and it's illegal and it's corrupt and it shouldn't be happening.
00:06:34.249 --> 00:06:48.649
And honestly and listen, I'm not going to sit here and say that I'm so well versed in how this should or shouldn't happen, but if you are in public office, I don't think that you should be able to buy individual stock.
00:06:48.668 --> 00:06:50.196
It's very simple that you should not be especially.
00:06:50.437 --> 00:06:52.081
Okay, so I'm not off track on that.
00:06:52.362 --> 00:06:56.721
Or at least bare minimum, not buy stocks associated with committees that you sit on.
00:06:56.721 --> 00:06:58.968
So, for example, if you're sitting on like yeah, but they're all talking.
00:06:59.048 --> 00:07:03.110
So like, even if I'm on the water committee and you're on the soil committee, I'm saying bare minimum.
00:07:09.860 --> 00:07:10.021
Whatever.
00:07:10.021 --> 00:07:11.144
So the water committee and you're on the soil committee.
00:07:11.144 --> 00:07:12.709
I'm saying bare minimum, whatever I'm saying, so like the thing is, is that like.
00:07:12.709 --> 00:07:15.699
So my ideal scenario is that once you are sworn into office, you're obviously allowed to hold any of your previous holdings, sure, individual stocks.
00:07:15.699 --> 00:07:16.223
That's fair.
00:07:16.223 --> 00:07:21.187
You could sell those if you want to, because if something's going on with the company you want to unload it, you could sell it.
00:07:21.187 --> 00:07:26.372
However, you can't buy any new stocks while you are currently enacting-.
00:07:26.552 --> 00:07:27.319
Individual stocks.
00:07:27.379 --> 00:07:27.963
Individual stocks.
00:07:27.963 --> 00:07:28.827
That's why I said stocks.
00:07:28.848 --> 00:07:30.839
Yeah, okay, I just wanted to be clear.
00:07:30.879 --> 00:07:34.771
You cannot buy individual stocks while you are a sitting congressperson.
00:07:35.702 --> 00:07:36.327
I think that's fair.
00:07:36.348 --> 00:07:40.930
Now you can buy ETFs, you can buy mutual funds, all that stuff but you cannot buy individual stocks while you're sitting.
00:07:45.779 --> 00:07:47.286
I think I mean who do we need to write a letter to to put that into place?
00:07:47.307 --> 00:07:49.096
Well, they're the ones in charge of making their own rules, which is the stupid part.
00:07:49.115 --> 00:07:49.779
It doesn't make sense.
00:07:49.940 --> 00:07:51.814
There shouldn't be a rule made by politicians Right.
00:07:53.244 --> 00:07:55.779
Let me make all the rules that favor myself.
00:07:55.920 --> 00:07:56.641
It's not like.
00:07:56.641 --> 00:08:00.271
There's something like having somebody self-govern themselves is ridiculous.
00:08:00.819 --> 00:08:01.944
Well, maybe Doge could help.
00:08:01.944 --> 00:08:05.862
Oh yeah, Okay, ridiculous.
00:08:05.882 --> 00:08:06.406
Well, maybe Doge could help.
00:08:06.406 --> 00:08:12.130
Oh yeah, okay, but like it's ridiculous and like you know, the biggest and most well-known offender is Nancy Pelosi.
00:08:12.312 --> 00:08:12.572
Yeah.
00:08:12.740 --> 00:08:21.266
I mean, and Nancy Pelosi's been in, you know, been in Congress probably about as long as I've been alive, at least, at least, and she's worth almost half a billion dollars.
00:08:21.266 --> 00:08:22.802
That's a lot of money, Nancy.
00:08:22.802 --> 00:08:26.607
Now she tried to skirt it because her husband makes the trades.
00:08:26.706 --> 00:08:29.831
Yeah, come on, I mean I just.
00:08:29.831 --> 00:08:43.086
I just want people to like, own up to what they're doing, right, like this to me, is no different than celebrities being like no, I don't get plastic surgery and I have nothing done.
00:08:43.086 --> 00:08:45.942
I just use three different lipsticks to make my lips plump.
00:08:45.942 --> 00:08:48.610
Like, no, you get fillers.
00:08:48.610 --> 00:08:58.321
Just say that you get fillers so that the regular people who are trying to, you know, get your aesthetic, know what they need to do they need to go get their lips injected.
00:08:58.321 --> 00:09:07.816
This is not you being a public servant and you being you know this beacon of your community and no, like you are in it for your own personal gain.
00:09:07.816 --> 00:09:10.227
A spade is a spade, we all see it.
00:09:10.227 --> 00:09:12.279
It's corrupt and it needs to be stopped.
00:09:12.780 --> 00:09:13.102
I mean.
00:09:13.102 --> 00:09:22.889
Marjorie Taylor Greene took office in 2022 and they estimated they said that, like upon that disclosure her net worth was around 700, 700,000.
00:09:22.889 --> 00:09:24.952
Fast forward today.
00:09:24.952 --> 00:09:30.594
Good for you, marge, she's worth about 22 million In three years.
00:09:31.460 --> 00:09:31.705
What is that?
00:09:31.705 --> 00:09:32.479
I can't even do that math.
00:09:32.479 --> 00:09:35.745
Well, the thing is, you have these individuals 400% increase.
00:09:35.745 --> 00:09:36.307
I don't even know.
00:09:36.399 --> 00:09:38.725
You have these individuals making trades on companies.
00:09:38.725 --> 00:09:40.711
That is not on anybody's radar.
00:09:40.879 --> 00:09:42.206
Nobody's heard of these companies.
00:09:42.961 --> 00:09:45.436
And they're doing like 50, 50 80 returns on them.
00:09:45.436 --> 00:10:02.731
So they are doing significantly better than hedge funds and this is because they have access to the information prior to becoming public and they're making decisions on that prior insider information yes, yeah, it's just nonsense and like I mean the only we should go sit on congress?
00:10:02.751 --> 00:10:06.120
I don't honestly, I don't think it's going to change, because I think this is a whole different rant.
00:10:06.120 --> 00:10:12.693
I think government is doomed to begin with and there's nothing we can do other than start over, and that's not going to happen.
00:10:13.500 --> 00:10:14.504
I mean yeah, ok.
00:10:15.240 --> 00:10:16.326
But that's a whole other side note.
00:10:17.160 --> 00:10:18.325
That's not in our notes for today.
00:10:18.325 --> 00:10:19.269
Babe, Stay on track.
00:10:26.460 --> 00:10:28.086
One thing you can't do as an individual is that there are one.
00:10:28.086 --> 00:10:30.857
All these trades are made public, so, granted, you might have a lag because they're not made public until 45 days later.
00:10:30.878 --> 00:10:42.159
You have a lag, but you still can benefit from following websites that show trades that they're making so if you want to buy what nancy's buying, what nancy's husband is buying, yeah, you can now do that.
00:10:42.220 --> 00:10:46.519
There's also apps set up to mimic trades of various politicians.
00:10:46.519 --> 00:11:14.772
So, like you could do the nancy pelosi portfolio, where it's obviously, like I said, it's gonna have a lag but it's going to mirror the trades that she makes in her account, and I can tell you I did an experiment, uh, about three months ago, where one of the companies I saw that trade was made and it was a company I didn't know much about but went, went ahead and did about $1,000 into this company, random company that probably was in nobody else's radar, but I saw several politicians buying large sums of it, went ahead and did it.
00:11:14.772 --> 00:11:18.029
Now, fast forward, three months later, it's up about 65%.
00:11:19.485 --> 00:11:20.427
That's a pretty good return.
00:11:20.427 --> 00:11:24.389
Yeah, and that is coming off of their insider knowledge.
00:11:25.740 --> 00:11:32.708
Now I'm not advising people to go ahead and just follow all these trades because, like I said, you still need to do your own due diligence, this and this and that but there are diversify.
00:11:32.808 --> 00:11:36.269
Yes, and, like I said also, I'm not recommending any individual stocks to people like.
00:11:36.269 --> 00:11:39.303
That's a whole different thing based upon your personal situation.
00:11:39.303 --> 00:11:41.052
But there are ways to quote unquote.
00:11:41.052 --> 00:11:47.893
Take advantage of what these individuals is doing as a quote-unquote regular people that aren't politicians, but at the end of the day I think it's BS.
00:11:47.893 --> 00:11:49.261
They shouldn't be allowed to do it.
00:11:50.345 --> 00:11:55.606
Well, Nancy's supposed net worth, of course, I think this number is surely higher.
00:11:55.606 --> 00:11:56.990
It's almost half a billion.
00:11:56.990 --> 00:12:03.149
Yeah, I mean that alone makes you want to say okay, what you buying next, Nance, Let me know.
00:12:03.389 --> 00:12:14.494
Yeah, and and, like I said, there's people on both sides of the aisle that are doing it and obviously well, because they I mean honestly and this is just being candid the fine is nothing.
00:12:14.875 --> 00:12:20.556
So why not just get away with it, Like why You're actually like, if you're not doing this, you're an idiot, yeah.
00:12:20.596 --> 00:12:25.403
I mean, I would 100% do it if that was my fine, but then I also would accept that if it became illegal.
00:12:25.443 --> 00:12:29.335
Then I mean Like, do it while you can, if they said you just cannot do it then I would not do it, but it's wrong.
00:12:29.335 --> 00:12:41.711
I mean it's wrong and like them, portraying themselves no, you're doing it because you have access to information that we don't and you are using it to your advantage.
00:12:41.711 --> 00:12:42.250
And then some.
00:12:42.654 --> 00:12:46.365
Yeah, at the end of the day, like there is a certain something to be said about being honest.
00:12:46.686 --> 00:12:48.335
But then also Like where's your moral compass?
00:12:48.375 --> 00:12:57.909
But there's also just still right and wrong at the end of the day because we have a president currently in office that says a lot of things where like, oh, I'm being honest, but he's an asshole, like at the end of the day that's.
00:12:57.909 --> 00:12:59.570
You know just what it boils down to.
00:13:00.029 --> 00:13:05.351
Yeah Well, there's so much more to that than I have the capacity to even talk about today.
00:13:05.371 --> 00:13:19.765
I could probably rip and rant about this all day, but I will keep it short to that where politicians shouldn't be allowed to trade individual stocks that they have insider information about, and since they're going to do it anyways, there are ways for you guys to take advantage of it.
00:13:20.226 --> 00:13:20.447
Yeah.
00:13:20.447 --> 00:13:25.196
We'd love to hear, though, what people think like do they also think it should be illegal?
00:13:25.196 --> 00:13:27.844
Do they think it should be like, oh, it's a perk of the job.
00:13:27.844 --> 00:13:29.006
Like let them take advantage.
00:13:29.006 --> 00:13:41.701
Like I would love to know what people actually think of them being able to use this insider information to just completely line their pockets and grow exponential amount of wealth in a very short amount of time.
00:13:41.701 --> 00:13:43.442
So drop a comment and let us know.
00:13:43.735 --> 00:13:47.686
I do also want to say that there are politicians that are not taking advantage of this Because, like I said, you-.
00:13:47.735 --> 00:13:49.763
Well then, should we be looking at them like you're an idiot?
00:13:50.075 --> 00:13:53.205
Well, you have to disclose your assets and everything like that.
00:13:53.394 --> 00:13:55.198
So they don't want their assets disclosed.
00:13:55.198 --> 00:13:55.740
Is what you're saying?
00:13:55.759 --> 00:13:59.748
What I'm saying is that they have to disclose their assets, so that's how we know they're not taking advantage of it.
00:13:59.748 --> 00:14:04.326
Because they don't have any individual stocks and they're not purchasing them while they're currently in office.
00:14:04.326 --> 00:14:07.416
So, for example, like AOC, so?
00:14:07.456 --> 00:14:12.288
but is that her moral compass, saying I'm not doing this because we know what's wrong and we know it's insider trading?
00:14:12.794 --> 00:14:22.210
I don't know her as a personal basis, so I would have to say it's her moral compass, because obviously she knows about it yeah of course, or maybe she's on the wrong committees, I don't know.
00:14:25.815 --> 00:14:27.846
No, I would say that she knows about it and this is her moral compass.
00:14:28.187 --> 00:14:29.313
This is her moral high ground.
00:14:29.313 --> 00:14:30.720
Yeah, okay, also depends on your base.
00:14:30.720 --> 00:14:36.905
So, for example, if you ran a campaign based upon morality and I would say more or less, you ran a campaign based on morality, don't they?
00:14:36.926 --> 00:14:40.011
all Let, and I would say, more or less, you ran a campaign based on morality, don't they all Let?
00:14:40.011 --> 00:14:40.452
Me finish.
00:14:40.452 --> 00:14:41.294
Okay, okay, sorry.
00:14:41.634 --> 00:14:50.985
If you ran a campaign based on morality and you are on the left, because I don't care what anybody else says left holds their politicians to a higher standard than the right.
00:14:51.466 --> 00:14:52.227
I agree Currently.
00:14:53.255 --> 00:14:56.485
I don't want to hear any debates about it because I'm just not going to listen to you on that.
00:14:56.485 --> 00:14:58.846
This is our rip and rant.
00:14:58.846 --> 00:14:59.653
Yeah, this is our rip and rant.
00:14:59.653 --> 00:15:02.947
If you voted for Donald Trump, the morality is not there.
00:15:03.409 --> 00:15:04.715
Not there, non-existent.
00:15:04.754 --> 00:15:10.168
So you on the left-hand side, you're going to probably receive more backlash if you ran on that morality.
00:15:10.715 --> 00:15:15.663
And then are doing the opposite, completely flip, whereas you expect it on the right, just like you're a younger politician.
00:15:15.695 --> 00:15:17.499
That's true Some of these older ones.
00:15:17.499 --> 00:15:21.547
It's kind of like it's already done and set, but a younger politician, that's new coming in.
00:15:21.847 --> 00:15:22.428
I think that's fair.
00:15:22.428 --> 00:15:23.681
I think that's a fair assessment.
00:15:23.681 --> 00:15:35.419
But it does make you also think then okay, cool, if that's AOC's stance, good for her and the moral compass, but also like is that a bad move?
00:15:35.419 --> 00:15:43.216
Because that a bad move?
00:15:43.216 --> 00:15:46.182
Because, at this point, if I can make $22 million a year with these investments, and pay a $200 fine once a year.
00:15:46.202 --> 00:15:52.969
That's such a deeper conversation in regards to having people in power that actually do have a moral compass and stand by it.
00:15:53.551 --> 00:15:54.634
I 100% agree.
00:15:54.634 --> 00:16:00.518
So, yeah, all right, we could be on that topic all day.
00:16:00.518 --> 00:16:09.864
Let's talk about one of the hot topics in our household that should, and do give financial advice.
00:16:09.864 --> 00:16:11.264
That is good.
00:16:11.264 --> 00:16:27.580
Oh, who are they?
00:16:28.375 --> 00:16:48.557
In all honesty, like I don't have any off the top of my head at this moment because like, all right, so like, for example, I would I don't have to preface because I think the over the overarching from like these individuals are some athletes, professional athletes, like I would say, like, uh, rob Gronkowski is one that comes to mind, where he always did that he did.
00:16:48.557 --> 00:17:03.475
He lived off of his endorsement money and didn't touch his actual like contract money coming from playing for the Patriots and the Buccaneers and he invested that but lived off his his, um, okay, contract money, Contract money Coming from playing for the Patriots and the Buccaneers, and he invested that but lived off his Okay.
00:17:03.674 --> 00:17:10.884
So people who are like conservative the overarching thing was live beneath your means.
00:17:10.884 --> 00:17:13.979
Well, okay, can I just say, though I don't know anybody that's giving.
00:17:14.536 --> 00:17:15.961
Obviously he makes millions of dollars.
00:17:16.061 --> 00:17:20.914
Yeah, living below your $200 dollar means I mean come on.
00:17:20.914 --> 00:17:37.041
I don't, I can't think of anyone that's giving detailed information like detailed advice yeah that is good and applicable to the everyday person well, we had andre brown on who won a super bowl, and he was talking about the conversations in the locker room.
00:17:37.041 --> 00:17:38.164
With who was it?
00:17:38.665 --> 00:17:39.969
um his lineman, but also with eli manning.
00:17:39.936 --> 00:17:41.662
Eli manning, yes, that's who I'm talking about, and conversations in the locker room with who was it?
00:17:41.662 --> 00:17:42.079
His lineman, but also with Eli Manning.
00:17:42.079 --> 00:17:48.160
Eli Manning, yes, that's who I'm talking about and he was, like you know, driving I think it was a Highlander right, that was given to him.
00:17:48.160 --> 00:17:49.083
That was given to him.
00:17:49.083 --> 00:18:00.557
He got a new one every couple of months and you know, he basically was like, hey, you're doing it wrong, Like don't have to.
00:18:00.557 --> 00:18:06.218
And so I think when you're talking about who's doing it right or giving good advice, you're kind of referencing the people who are saying like, hey, we have so much, we're given so much.
00:18:06.218 --> 00:18:12.240
You can live an amazing life off of that and you don't have to go out and like spend your paycheck and ball out.
00:18:12.881 --> 00:18:18.340
Yeah, and when we're talking about, you know, celebrities giving advice, one you have to look at.
00:18:18.340 --> 00:18:28.490
Is this just genuine advice that is good to use, or is this endorsement advice that are being paid by a company to say?
00:18:28.490 --> 00:18:32.227
Yeah, you guys remember ftx with cryptocurrency.
00:18:32.227 --> 00:18:46.443
There was quite a few celebrities, tom brady being one of them, that was promoting that platform and, as we all know, what happened with them went under investigation by the SEC fines out the wazoo and everything like that.
00:18:46.755 --> 00:18:54.142
So you have to decide between like are they giving you actually applicable advice that they've used to get to where they're at, and or are they being paid to get this advice?
00:18:54.723 --> 00:19:02.059
Yes, which I mean now A people are still not great at kind of reading between the lines and seeing like is this an advertisement?
00:19:02.059 --> 00:19:17.979
But now social platforms, like if you're thinking about Instagram, you have to disclose, or you're supposed to disclose, if it is an ad, if it's a partnership, if it's a paid partnership, and in which case, if you're seeing that, your instant thought should be they are making money.
00:19:17.979 --> 00:19:23.102
By me watching this, by me subscribing to this, by me signing up for this, by me buying this.
00:19:23.102 --> 00:19:33.898
That is a contract to them and, of course, they're going to try to say and do and entice you to use this information because they're getting a kickback, they're getting something for it.
00:19:33.980 --> 00:19:52.226
So, of course, Also, the thing is, too, is that there is a difference between being good with money and being able to give good financial advice, and then someone who just had a given skill and made money off of that given skill, like you have individuals that have built empires from a business standpoint.
00:00:00.200 --> 00:00:03.105
00:00:03.105 --> 00:00:07.394
00:00:07.394 --> 00:00:18.969
00:00:18.969 --> 00:00:20.452
00:00:20.452 --> 00:00:30.327
00:00:30.327 --> 00:00:33.185
00:00:33.185 --> 00:00:39.372
00:00:46.887 --> 00:00:48.689
00:00:48.689 --> 00:00:53.293
00:00:53.973 --> 00:00:57.462
00:00:57.462 --> 00:01:02.457
00:01:02.457 --> 00:01:08.492
00:01:08.492 --> 00:01:09.420
00:01:09.420 --> 00:01:14.707
00:01:15.368 --> 00:01:21.724
00:01:21.724 --> 00:01:27.825
00:01:28.367 --> 00:01:28.587
00:01:28.587 --> 00:01:55.441
00:01:56.322 --> 00:02:04.593
00:02:04.793 --> 00:02:05.816
00:02:05.816 --> 00:02:11.431
00:02:11.431 --> 00:02:18.092
00:02:18.092 --> 00:02:28.848
00:02:28.848 --> 00:02:32.665
00:02:33.407 --> 00:02:34.852
00:02:35.039 --> 00:02:35.441
00:02:35.441 --> 00:02:40.687
00:02:40.687 --> 00:02:45.336
00:02:45.336 --> 00:02:46.949
00:02:47.310 --> 00:02:47.550
00:02:48.352 --> 00:02:52.703
00:02:52.703 --> 00:02:55.149
00:02:55.149 --> 00:03:10.844
00:03:10.844 --> 00:03:15.290
00:03:16.140 --> 00:03:17.606
00:03:17.979 --> 00:03:21.342
00:03:22.061 --> 00:03:26.169
00:03:26.340 --> 00:03:31.391
00:03:31.391 --> 00:03:37.211
00:03:37.231 --> 00:03:39.521
00:03:39.562 --> 00:03:45.574
00:03:45.574 --> 00:03:49.890
00:03:49.890 --> 00:03:57.774
00:03:57.774 --> 00:04:00.907
00:04:00.907 --> 00:04:02.685
00:04:02.685 --> 00:04:15.639
00:04:15.639 --> 00:04:17.764
00:04:17.764 --> 00:04:20.492
00:04:20.492 --> 00:04:28.543
00:04:28.562 --> 00:04:32.178
00:04:32.178 --> 00:04:37.922
00:04:37.922 --> 00:04:43.603
00:04:43.603 --> 00:04:47.552
00:04:47.552 --> 00:04:52.692
00:04:52.692 --> 00:04:54.144
00:04:54.144 --> 00:05:01.166
00:05:01.166 --> 00:05:06.485
00:05:06.485 --> 00:05:08.891
00:05:08.891 --> 00:05:12.850
00:05:12.850 --> 00:05:16.490
00:05:16.490 --> 00:05:17.904
00:05:17.904 --> 00:05:19.485
00:05:24.000 --> 00:05:48.228
00:05:48.228 --> 00:05:57.175
00:05:58.980 --> 00:05:59.461
00:05:59.461 --> 00:06:06.244
00:06:06.264 --> 00:06:09.913
00:06:10.661 --> 00:06:12.367
00:06:12.367 --> 00:06:15.949
00:06:15.968 --> 00:06:16.831
00:06:16.831 --> 00:06:18.697
00:06:18.697 --> 00:06:21.963
00:06:21.963 --> 00:06:22.704
00:06:22.704 --> 00:06:25.649
00:06:25.709 --> 00:06:27.432
00:06:27.432 --> 00:06:34.249
00:06:34.249 --> 00:06:48.649
00:06:48.668 --> 00:06:50.196
00:06:50.437 --> 00:06:52.081
00:06:52.362 --> 00:06:56.721
00:06:56.721 --> 00:06:58.968
00:06:59.048 --> 00:07:03.110
00:07:09.860 --> 00:07:10.021
00:07:10.021 --> 00:07:11.144
00:07:11.144 --> 00:07:12.709
00:07:12.709 --> 00:07:15.699
00:07:15.699 --> 00:07:16.223
00:07:16.223 --> 00:07:21.187
00:07:21.187 --> 00:07:26.372
00:07:26.552 --> 00:07:27.319
00:07:27.379 --> 00:07:27.963
00:07:27.963 --> 00:07:28.827
00:07:28.848 --> 00:07:30.839
00:07:30.879 --> 00:07:34.771
00:07:35.702 --> 00:07:36.327
00:07:36.348 --> 00:07:40.930
00:07:45.779 --> 00:07:47.286
00:07:47.307 --> 00:07:49.096
00:07:49.115 --> 00:07:49.779
00:07:49.940 --> 00:07:51.814
00:07:53.244 --> 00:07:55.779
00:07:55.920 --> 00:07:56.641
00:07:56.641 --> 00:08:00.271
00:08:00.819 --> 00:08:01.944
00:08:01.944 --> 00:08:05.862
00:08:05.882 --> 00:08:06.406
00:08:06.406 --> 00:08:12.130
00:08:12.312 --> 00:08:12.572
00:08:12.740 --> 00:08:21.266
00:08:21.266 --> 00:08:22.802
00:08:22.802 --> 00:08:26.607
00:08:26.706 --> 00:08:29.831
00:08:29.831 --> 00:08:43.086
00:08:43.086 --> 00:08:45.942
00:08:45.942 --> 00:08:48.610
00:08:48.610 --> 00:08:58.321
00:08:58.321 --> 00:09:07.816
00:09:07.816 --> 00:09:10.227
00:09:10.227 --> 00:09:12.279
00:09:12.780 --> 00:09:13.102
00:09:13.102 --> 00:09:22.889
00:09:22.889 --> 00:09:24.952
00:09:24.952 --> 00:09:30.594
00:09:31.460 --> 00:09:31.705
00:09:31.705 --> 00:09:32.479
00:09:32.479 --> 00:09:35.745
00:09:35.745 --> 00:09:36.307
00:09:36.399 --> 00:09:38.725
00:09:38.725 --> 00:09:40.711
00:09:40.879 --> 00:09:42.206
00:09:42.961 --> 00:09:45.436
00:09:45.436 --> 00:10:02.731
00:10:02.751 --> 00:10:06.120
00:10:06.120 --> 00:10:12.693
00:10:13.500 --> 00:10:14.504
00:10:15.240 --> 00:10:16.326
00:10:17.160 --> 00:10:18.325
00:10:18.325 --> 00:10:19.269
00:10:26.460 --> 00:10:28.086
00:10:28.086 --> 00:10:30.857
00:10:30.878 --> 00:10:42.159
00:10:42.220 --> 00:10:46.519
00:10:46.519 --> 00:11:14.772
00:11:14.772 --> 00:11:18.029
00:11:19.485 --> 00:11:20.427
00:11:20.427 --> 00:11:24.389
00:11:25.740 --> 00:11:32.708
00:11:32.808 --> 00:11:36.269
00:11:36.269 --> 00:11:39.303
00:11:39.303 --> 00:11:41.052
00:11:41.052 --> 00:11:47.893
00:11:47.893 --> 00:11:49.261
00:11:50.345 --> 00:11:55.606
00:11:55.606 --> 00:11:56.990
00:11:56.990 --> 00:12:03.149
00:12:03.389 --> 00:12:14.494
00:12:14.875 --> 00:12:20.556
00:12:20.596 --> 00:12:25.403
00:12:25.443 --> 00:12:29.335
00:12:29.335 --> 00:12:41.711
00:12:41.711 --> 00:12:42.250
00:12:42.654 --> 00:12:46.365
00:12:46.686 --> 00:12:48.335
00:12:48.375 --> 00:12:57.909
00:12:57.909 --> 00:12:59.570
00:13:00.029 --> 00:13:05.351
00:13:05.371 --> 00:13:19.765
00:13:20.226 --> 00:13:20.447
00:13:20.447 --> 00:13:25.196
00:13:25.196 --> 00:13:27.844
00:13:27.844 --> 00:13:29.006
00:13:29.006 --> 00:13:41.701
00:13:41.701 --> 00:13:43.442
00:13:43.735 --> 00:13:47.686
00:13:47.735 --> 00:13:49.763
00:13:50.075 --> 00:13:53.205
00:13:53.394 --> 00:13:55.198
00:13:55.198 --> 00:13:55.740
00:13:55.759 --> 00:13:59.748
00:13:59.748 --> 00:14:04.326
00:14:04.326 --> 00:14:07.416
00:14:07.456 --> 00:14:12.288
00:14:12.794 --> 00:14:22.210
00:14:25.815 --> 00:14:27.846
00:14:28.187 --> 00:14:29.313
00:14:29.313 --> 00:14:30.720
00:14:30.720 --> 00:14:36.905
00:14:36.926 --> 00:14:40.011
00:14:40.011 --> 00:14:40.452
00:14:40.452 --> 00:14:41.294
00:14:41.634 --> 00:14:50.985
00:14:51.466 --> 00:14:52.227
00:14:53.255 --> 00:14:56.485
00:14:56.485 --> 00:14:58.846
00:14:58.846 --> 00:14:59.653
00:14:59.653 --> 00:15:02.947
00:15:03.409 --> 00:15:04.715
00:15:04.754 --> 00:15:10.168
00:15:10.715 --> 00:15:15.663
00:15:15.695 --> 00:15:17.499
00:15:17.499 --> 00:15:21.547
00:15:21.847 --> 00:15:22.428
00:15:22.428 --> 00:15:23.681
00:15:23.681 --> 00:15:35.419
00:15:35.419 --> 00:15:43.216
00:15:43.216 --> 00:15:46.182
00:15:46.202 --> 00:15:52.969
00:15:53.551 --> 00:15:54.634
00:15:54.634 --> 00:16:00.518
00:16:00.518 --> 00:16:09.864
00:16:09.864 --> 00:16:11.264
00:16:11.264 --> 00:16:27.580
00:16:28.375 --> 00:16:48.557
00:16:48.557 --> 00:17:03.475
00:17:03.674 --> 00:17:10.884
00:17:10.884 --> 00:17:13.979
00:17:14.536 --> 00:17:15.961
00:17:16.061 --> 00:17:20.914
00:17:20.914 --> 00:17:37.041
00:17:37.041 --> 00:17:38.164
00:17:38.665 --> 00:17:39.969
00:17:39.936 --> 00:17:41.662
00:17:41.662 --> 00:17:42.079
00:17:42.079 --> 00:17:48.160
00:17:48.160 --> 00:17:49.083
00:17:49.083 --> 00:18:00.557
00:18:00.557 --> 00:18:06.218
00:18:06.218 --> 00:18:12.240
00:18:12.881 --> 00:18:18.340
00:18:18.340 --> 00:18:28.490
00:18:28.490 --> 00:18:32.227
00:18:32.227 --> 00:18:46.443
00:18:46.755 --> 00:18:54.142
00:18:54.723 --> 00:19:02.059
00:19:02.059 --> 00:19:17.979
00:19:17.979 --> 00:19:23.102
00:19:23.102 --> 00:19:33.898
00:19:33.980 --> 00:19:52.226