Podcast episode (FYM with Ty and Yo) exploring 'the new American dream' centered on wealth-building through digital technologies. Hosts argue for buy-and-hold crypto strategies (Bitcoin examples from 2015 and 2019 with quoted price points and hypothetical returns), discuss meme coins (Solana 'Chill Guy') and accepting crypto payments, and present a five-part wealth-building framework (diverse crypto wallet; conservative investment portfolio; real estate including fractional platforms like Arrive; startup investing/acquisitions; and intellectual property/content ownership). Episode emphasizes self-education (YouTube) driving economic mobility and the importance of personal branding and AI-enabled digital businesses.
Chapters
And, and in this new America, would you say the new American dream is money? Yeah.
I mean, the old American dreams, you might.
Yeah.
The new American dream is definitely your money. But you are being able to really, you know, control your time, you know, build it from a, from a, from a perspective where you feel really good about it. And it's going to be hard to get information and to know what you're doing, but once you get your groove, then I think it gets smoother. And then you just got to keep elevating and advancing yourself.
And we're back with another episode of FYM with Ty and yo, that's my man. Ty, I'm yo, you a first time viewer. Welcome. FYM is an ignorant conversation about wellness. And this is our third season. So by now, hopefully the return viewers, y' all know what time it is. Ty, how are you feeling today?
I'm feeling absolutely stupendous.
Stupendous.
I seen this thing on, on Instagram about being in the Lululand. Delusional they call it. No matter what's going on, everything is great.
Yeah.
It's interesting because, you know, today we're going to talk about wealth building in new America because it's a new America, man. We currently have a president that had felons.
Felonies.
Felonies. They got, got elected, right. And once he got elected, they dropped him this crazy. So, so that's one thing. But I'm, I'm looking at my phone because I'm tracking bitcoin, right? And with wealth building, you, you buy and you hold.
Yeah.
Right. So five years ago, that would have been $6,500.
$6,500.
You got you some Bitcoin, right? So 6, $500. That's how much one Bitcoin was. So in 2019, that's before COVID hit. Before COVID if you would have said, you know what, I believe in this new form of currency, long term, I'm gonna hold it for five years.
Right?
So I'm gonna say I got a hundred thousand dollars that I just can risk losing and I'm gonna buy.
You.
Know, bitcoin, I'm about 60, I'm about. Bitcoin is $6,500. So that means that, let's see how.
Many bitcoins, how does that math. I'm going to ask our show producer, Vanessa. Vanessa, can you do a fact check for me? Can you tell me when the movie Dope came out with Shameik Moore?
So that means you have 15 bitcoins.
15 bitcoins.
In November 2022. November 24, 2019. If you held it for five years. Right. It'll be right now. Today would be your five years.
If you held it for five years.
Five years minimum.
What is the current value?
The current value of bitcoin? The current value of Bitcoin is $97,000 right now.
$97,000.
If you had invested $100,000 in November 2019 right now, you would have $1.4 million. But if you had just say, this is my bitcoin. I'm not moving 1.5 off 100 bands. Five years.
Yes. The movie dope was the first time I heard about bitcoin. They talk about it in the movie and even at that time. So that's 2015.
So now let's say now if you're gonna go and you believe in something and you want to hit. You want to hold it for 10 years. Yeah, because holding something for 10 years is good as well.
Exactly.
So 2015. When did dope come out? What month? Do you know the month? Yeah, probably like the summer.
I want to say, like a summer movie. I like this, man.
So we'll just say June.
June 19th. Summer.
So it's summer. Right. So June 16th. Bitcoin was 250. Oh, my God. So if you saying, man, if you want to watch the movie theater 2015, if you were just like, you know what? It's something about this digital thing. I'm gonna be ahead of the curve, and I'm gonna say, I got a hundred thousand, and I'm gonna go and buy this for 200. You have 400 bitcoins. If you take that, 400 bitcoins and you times about $97,000, you would have $38 million by holding it for 10 years.
You would had $38 million.
I'm 40 years old. 10 years ago. Yeah, I had. That's 2015. Yeah. I had enough money for 250 bitcoin. You know, I probably could have mustered up. You could have ended up. I probably could have had me at least about five of them. Five of them.
You know?
Five of them. You know what I'm saying? A little comfortable.
It would be a little behind, but.
That'Ll put me about $400,000 up for 10 years of holding.
Right.
So when we talk about the new America, we talk about wealth building. We have to talk about digital currency.
Yes.
We have to talk about AI, which is a. Which is a development that is helping to drive digital assets.
100.
Right. We have to talk about not just Real estate from a brick and mortar perspective. We got to think, we got to talk about real estate, technology, the stock market.
Yeah.
Because the stock market is still going to stay strong.
Yeah.
Right. And you have to talk about creative, digital, creative assets, music publishing, master rights. Right. And so the new America is, you know, I seen this, this, this, this chart. Right. Where it tracks the, the Americans based on the time of the, of the, of the day, what they're doing. So it starts about 4 o' clock in the morning, all the way to like midnight. And every minute of the hour it shows you where everybody's doing.
Yeah.
At the peak of the day, Americans are spending most of their time working and leisure, working at leisure. And then the third thing is housework.
So like cleaning up your home.
Clean up your home, whatever. Right. So when you start thinking about the future of like new America, those are going to be the three things that's going to help drive well.
Right.
You got to figure out, you know, you know, you're going to be. So we clear if you come to two money or if you're an entrepreneur, you know that you're, you're buying people, you're buying people's time.
Yeah.
So they come work for you, with you. Yep. You're creating businesses where they will go and invest money into leisure activities.
Yep.
Right. Rather that is the actual leisure activity or anything that is a indirect source that's needed to create that leisure activity or the transportation to and from that, that leisure activity.
Absolutely.
Right. And then you got housework. Yeah, Anything that make housework easy. Anything that make housework efficient. Cleaning products, you know, or a cleaning company. Yeah, all of those different things. Right.
Convenience.
Convenience, huh. And so the new generation of.
And what were you saying? How did you find the information?
It was on Instagram. Somebody shared it with me. I was just like, you know, it was a study they did. They tracked a thousand Americans.
Wow.
To do a sample study of what they're doing for their 24 hours a day.
Information to have.
So now when I'm thinking about building a company, when I'm thinking about things I'm investing in.
Right.
I think leisure is a part of wellness. Yeah, right. I think, you know, working is just something that, you know, you know, you can have a staffing company.
Yeah.
Right. You can have a, a personality to start building out personality tests that, that, that, that people can do about, you know, effectively. Do they hiring.
Right.
You can have. What that did for me was there's this company called Acquire, where you can go, you can acquire Digital businesses. So there's a, there's a, there's a service that I saw, AI service that you can go and you can kind of like fine tune, use that service to develop your resumes. So now when I'm looking into, you know, businesses that want to purchase on the digital side that can be turnkey businesses on that can be generated and operated by AI, I'm thinking about company things that help people get jobs better. Yep. Things that help companies vet people to hire them better. Things of that nature. So you, when you start talking about New America, start talking about wealth building, there are so many different moving pieces of it. And content is king. Because content is how people go about, you know, advertising. Yeah, right. That's how people discover your product.
Right.
Discover your brand.
Absolutely.
And it's a direct correlation of like your personal brand if the content has people in it.
Oh, wow.
Okay.
Right. You think that's a major part.
Personal branding is going to be a major, major part. Because with AI coming into, AI coming into effect, you want to make sure that people can, you can track your uniqueness, whatever that is, whatever, whatever your skill set might be. You know, AI is not going to be replacing humans, it's going to be elevating humans. Right. So if you know your skill set, you know what you're supposed to be doing, you're going to be able to grow fast using the technology. And AI is one of those technologies, Right. It's going to rise you up. So then we started talking about things like digital currency. Right. They have this thing that's exploding right now on Solana, Solana called Chill Guy.
Chill.
It's a meme coin.
It's a meme coin. All right.
Chill Guy. He's literally a, a cartoon character with his hand in his pocket. He's just a chill guy.
He's just a chill guy.
Right. And it's, it's, it's a article written about this one guy that's, that invested a thousand dollars. It's a chill guy. And then it started to grow and he has a wallet right now that's worth like a million dollars.
Off chill guy.
Off chill guy. It's happened like in the last four weeks.
Jesus. Now I guess I never really understood meme coins. Like, why did the meme coins really take off?
So this is the thing about currency. Currency is only. We're not talking about commodities, we're talking about the dollar, the yen, the Euro. Just currency.
Right.
Is dictated based on the, the trust that the humans have in the currency. Right, right. So if 3 million people in the United States of America trust a meme coin to be a commutative transaction.
Right.
That meme coin is going to grow value. That's just how the baseline of currency work. That's why digital currency investing and holding digital currency for, for a long period of time is going to be important because it is going to continue to rise globally because it's the technology behind it, which is, you know, blockchain technology. Right. Super transparent, easy to barter. So I can go and hire you and say, hey, you know, would you consult with me on my book or would you do my, you know, would you write me a bio? Right. If I started. Well, when I start consulting like full time or taking meetings or whatever, I'm only going to be accepting Bitcoin, like digital currency to pay me.
Yeah.
When I started doing things around personal branding and stuff like that, you want to keep me out? This is my wallet. You can pay me through this. That's the only payment I'm gonna accept.
I actually got paid doing a bio. Digital currency, exactly how you explained. And it was like the first time I had ever had that exchange before and it was such an easy transfer that I was like, dang. Compared to, you know, you do a net 30 for somebody and you waiting to get your direct deposit. Like, bro, I got that. Dang. I don't forgot what it was. It was like a 0.6, like Ethereum, something like that. Yeah, they paid like Ethereum. And I was like, man, we paying people in all kinds of ways now.
Having a diverse digital currency portfolio is going to be important in New America. So way it's going to be a way to deal with what are your.
Five things you know, you need to know about New America and wealth building.
That's number one, a diverse, diverse crypto currency wallet. The second thing is a diverse conservative, you know, investment portfolio which is going to consist of annuities, T bills, which is treasury, treasury bonds, municipal bonds, government bonds, high yield, you know, cash management accounts like preferred deposits, which will yield you about 4% annually on your money. ETFs that pays dividends. So like the SP 500, stuff like that, those are considered ETFs and, and then just blue chip stocks into like Apple, Microsoft, you know, Nvidia. Those are like the things that, when you say a diverse, a diverse portfolio in terms of like investment, but it's still conservative. Right, Right. Then the third thing is going to be on real estate, you know, having know, single family home, multi family home, having some stake in that. Right. There's a, actually a app called Arrive where you can, as an individual, you can log into Arrive and you can invest into single family homes as if it's a, a stock live. So you can go, it's a single family home. They raising $300,000 to buy this single family home. And Boulder, Colorado, the company is managing it and putting their tenant in it. And then you get paid revenue from the rent, the rental, the renter that's, that's renting. Right. You can just do that through Arrive. Crazy. It's a, it's an app that Jeff Bezos started and created. I don't know how big of a funding partner is, but he's one of the faces of it for sure. So now you got the three is the real estate.
Yeah.
Fourth is investing into business. Either you're investing to startups. Yeah. Or you're acquiring businesses that are already generating money. Right. Those type of, those type of things are just like very, very important. Right. So startup, I mean, you were talking about startup businesses. If you can invest early and that business blow up, you know, you get, you get a, you get 3x4x5x on your business. And then the, the, the fifth thing. I think we're on the fifth thing. So first is diverse Crypto wallet. Yeah. Diverse conservative investment portfolio. Real estate. Yep. Investing into startups.
Yep.
And business and founders acquiring. And then the fifth thing is ip. Either creating your own IP or acquiring ip. And IP can be anything from rights to publishing, rights to music assets, Rights to somebody's life story. That's a valuable asset. Rights to a Broadway play. You know, things that can make money. Content. Rights to content. So like a short film or stories.
Right.
Things that can make money while, while you sleep. Right. They're on screaming or they're on YouTube. YouTube channels, you know, buying YouTube channels.
Yeah.
Those are all asset driven things. So those are the five things to kind of like really look at from a, from a new America perspective, you know, and none of those things, none of those things are working a job, somebody. We're talking about building wealth also.
These all seem to be deeply connected to the digital landscape that we live in.
Yeah, yeah, it's definitely. The digital side of it is definitely going to be a important part globally.
But even more so now you feel like America, your digital footprint is going to be important for your wealth building 1,000%.
Yeah. Yep.
But how do you. Okay, let's, let's take a step back. Looking at how Bitcoin grew over time. What does that Tell you about the new American mindset you should have about being patient with these investments.
I think that growth of bitcoin is just showing how serious it's going to get and that it's going to be used in banks, it's going to be used in government. It's just getting more serious. That's it. It's just getting more ser. It took 10 years. I just told you 10 years ago. Screaming Took 10 years.
Yeah.
Screaming hit United States of America from a music side. 2012.
Yep.
By 2022 companies have started making so much money in. In 2022, screaming showed you that it was recession proof.
Yep.
Right.
It did.
Right. Basketball shows you it was recession proof. Anything that continued to happen during COVID Yeah. Are the businesses that you should be invested into digital currency, the live entertainment, a lot of those things kind of like showed you what it can be in those regards. So you talk about screaming 10 years when Netflix first started versus 10 years from that Bitcoin. 10 years. Dang.
It's crazy. You're right though, especially looking at like again what was able to maintain itself through Covet because a lot of businesses did not maintain themselves through Covid. There was a lot of shuttering on company sides. And I, and I think about Netflix being so early. When you compare it to like a blockbuster. Blockbuster was all over Atlanta, Georgia when I was a child. You will not see one today does not exist. Versus when Netflix first came in, it was. Were doing DVDs. Right. Look at how they transition into streaming and the boom they're having right now. Yep. So I mean it's not only is it solid to think about New America in the digital kind of mindset, but I'm, I'm loving how you're taking it from 10 years. What a 10 year gap can do to a company.
Yeah, 1000%. Another thing to be important to understand about the stock market is stuff like companies like Tesla. Tesla I think has 10,000 bitcoins on their balance sheet. So you've seen this rise of Tesla and coinciding with the rise of bitcoin. Bitcoin is because they got about 10,000 coins on their balance sheet. I don't know the price point that those coins got acquired at, but that's just a smart move with a founder of a company understanding the values on the balance sheet for a company.
So if someone has a company that's not necessarily deeply associated with digital currencies, how would you recommend them transition into New America?
First of all, you gotta, gotta get educated. You gotta get educated. Because if you don't get educated, you're not going to. It's going to be hard to thrive. Right. It's going to be hard to get to the next level. Not just in. In America, just in your own life. Because times is changing, you know what I'm saying? Like, the creativity is going to be a commodity. A commodity being, Having creative ideas, being creative, figuring out how that's going to be. It's going to be a commodity because it's something that is so tough to break through because it's a lot of, like, not a lot of great inventions, not a lot of great ideas. People are hungry to invest into great ideas.
Yeah.
And you just got to know what that looks like and what that is for you, you know?
So, yeah, I had a. I had an Uber ride where a young man was telling me that he was from Philly and that in Philly, the violence that he was experiencing was getting really bad. His cousin got murdered, and he knew the neighborhood, the people who did it. And he felt like reacting. He said the only thing that stopped him from reacting was YouTube. He was on YouTube, educating himself about credit. He said he did that and, like, blessed to have an old friend who he knew in kindergarten, she end up becoming a famous makeup artist. And she got a contract to do makeup in Atlanta, Georgia, for all the young ladies all over hip hop. She asked him to move to Atlanta with her, leave Philly, come with me. He moved with her. He said the first year he started his trucking business, he made $100,000. And that was strictly off of just being dedicated to learning on YouTube, not in no classroom. He said he just studied credit on YouTube and made a hundred thousand dollars his first year after moving from Philly to Atlanta. And it never left my mindset about how this young man just focused on his education. I was able to turn that into a business. And the opportunity to, like, put himself in a better place just happened naturally. But the studying is what allowed him to build a business. Those were six figures in this first year, man.
When I tell you now, I learned about Bitcoin and 2008. So when I learned about bitcoin.
So you was.
Even before the movie, it was on. It was. Let me see. When I learned about bitcoin, it was in the black market.
Okay.
So it wasn't like Coinbase is 2023. Coinbase wasn't even around when I learned 2013, when I learned about bitcoin, it probably was a dollar. Yeah, A couple of cents, 50 cents, something like that.
Yeah. How much money they ask you to give them to invest in the bitcoin?
That was 10,000. That was in 2000. 17.
Okay.
2017. It was like invest $10,000. At that time, you probably had about 11 coins.
But you learned about it before, even before then.
Yeah. But I mean, the reason I bring that up, because it's about education. Right. YouTube. Learning about Bitcoin at that time was so hard because it was really on the black market. And I've been on the black market before and the Internet, and it's a wild place. I had a younger cousin that introduced me to that. To this day, I don't even know how to get back.
Yeah.
You feel. But it's a wild place. So that's how I learned about bitcoin. It was doing, you know, arms trades.
Yeah. Yeah.
And then, like, really a lot of dark things, you know, because it's untrue not. You can't trace it the same way.
Right. 100.
So, like, when you talk about educating yourself, man, education will put you up in life.
