Rashad Bilal
Appearances
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Everyone relax.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
She's 10 for 10 right now, Nicole. You are. Are you? When's your birthday? March 7th. Wow.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
That's next. Later on.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Appreciate it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
No, communication's key.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
is the trading insider trading yeah i actually did a study on nancy pelosi's trading it was interesting how she was doing options and so a lot of her options were deep in the money and so that that wasn't even a strategy explain what deep in the money so deep in the money so options are you're predicting the appreciation of an equity right so there's a strike price which is where you want to reach but if you've passed that on the way up then you're out the money right because it hasn't gotten to that point but let's give a number like 150 right
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
when you're deep in the money, you're going below 150, right? So you might be at 100, meaning the equity has already passed by far where the current equity is trading.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah, you know something, and you know that there's potential for growth inside of that equity. And so I looked at the company she was invested in. A lot of them had to do with technology, which was interesting. I'm like, all right, we know technology runs the economy. But where she was buying these calls at was really interesting.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
So if a company like NVIDIA was trading at 120, she was buying like... $60 calls, meaning it's far surpassed $60, but there's potential growth for it to go up. And the depreciation, the percentage going down is a lot less because for Nvidia, a company like that, a trillion dollar company, to go from 120 back down to 60 is highly unlikely. So there's a little bit of certainty there.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
So it was interesting, I was watching that. Marjorie Greene is another one. And I actually listened to your episode about it when you were talking about the ETFs that track both Democratic and Republican. And it was like, it's funny that none of it's illegal, but it feels very, allegedly, it feels like there gotta be some legalities that are not being checked.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
From New York.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
You can participate.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I think that's the key to democratize part is the participation. So yes, we know that they're doing it. Can we track what they're doing? Oh yeah, there's actually apps that you can use to track it. So if we can track it, that means we can use the information too. We can participate at the level we're at.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Because yeah, like you said, it's always gonna be imbalanced, but if we don't participate, that imbalances. that gap just widened so far.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
You got to be in the game to win.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
First lady. You have it. See you now. You have it. Can I be the campaign manager? Yeah.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I like that.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Let me check.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah, I'm going to check right now.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
My E-Trade is up 79%. 79%? We got down to 11% earlier in April. So yeah, since April. So we're up about 60% since the tariff thing.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
So that's my options trading account.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah. And you're starting to see it now over the past six or seven years where people are appreciating the number. So where it was, hey, we can get you a return of 7%, people are sneezing at that. That's a good return.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
7% to 10%. When you're not educated in the space, it feels like, oh, that's not a lot. Especially if I tell you, hey, I had this equity that I invested in, NVIDIA would be a company that's up 400%. The seven doesn't feel as good. And so there's a level of expectations that we have to put, but a level of knowledge we have to put behind that.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
If you have compounded interest of 7% return every year, you're in a good position.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
The beautiful thing about our audience is that they grew with us through the pandemic. And so they've seen crisis before and they've seen a bull market and they've seen a bear market and they've seen catalyst events that have the market appreciate and they've seen catalyst events have the market depreciate.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
It's interesting you said that because I agree. It's the first 100,000, even trying to save up to that amount. I know a lot of people are like, hey, I'm saving my money because that's what I've been taught. As you're a young adult, save, save, save. And trying to get to 100,000 to invest, it's like the mountaintop.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
If you can get to that, then it's like, all right, I have income now to see substantial growth. That was kind of my story. It was like, get to the 100,000. do all the research, put in some good investments, and watch the return. And I did that in 2020, and then the returns were great. And so we're just gonna replicate that. But that $100,000, that is the threshold.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Early 2020.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
$100,000?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
We didn't share it. We both made it. Share it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah, definitely. Definitely. And we were like, I remember putting metrics in. If I get to a million, I'm gonna buy this watch. And then you got to the million. If I buy that, that's really like 50,000. I don't know, I gotta change the metric. I'm like, we gotta make 1.5, we gotta make two. And so you just keep changing the metrics. But yeah, I agree with what he's saying.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Like the million was the goal. 100,000 saved to invest was like, I gotta get there. Because that 100,000 turned into the million.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
What did I buy? I bought a watch.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And so when this happened, it was kind of that preparation of there's some uncertainty, which has always been the number one thing in the market that we can't control. And you can reference 2020 March of what uncertainty looked like. And we can reference
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
You leapfrog. What was your route? Was it like one and then 1.5?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I always used to say my mindset was that of a millionaire. My bank account just didn't say it. So even when I was teaching in school, I had that mindset of I'm gonna be financially disciplined because if I was making $100,000 a year and managing a family of two and a wife, I'm like, if I get a million, there's not much that's gonna change. So it was the mindset.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
The money just came because obviously the value we were adding. But the discipline remained as well. It wasn't like, all right, now I'm going to be an overspender. Now I'm going to be frivolous with money. Now I'm going to do things that are out of character for me. Like you said in the beginning, we get to show up as ourselves every day.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
We haven't really changed since we were like 12 and 13 years old. And so we've gotten knowledge and resources and obviously relationships that have helped guide it. But that just added to the tool belt of who we were already, especially when it comes to money.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Exactly, right? Like, this is the end. Like, how far can this thing fall? And so when you see something like the tariff announcement happening early April, it was like, oh, okay. We've seen something like this before. There's a lot of uncertainty, but this is an opportunity, right? Every time there's a crisis, we always tell people there's an opportunity for people to really take advantage of it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Right, no.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
What can you touch?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah. Hundreds is a lot.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
He told me this when I was 24. He was like, look, you just got to get to 10 million. Because if you get to 10 million and you can live off 3% interest. He was like, you make $60,000 a year right now. Can you live off 300,000? I was like, yeah. He was like, so get to 10 million.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I think 50 is a number for me to say F you. The things that I want in life, I have those things. And so, yes, you want to make sure that you can create sustainable wealth for generations, but... the liquid cash of having it, I think 50 would be good. Because even at that 5% interest.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And so our audience was prepared. It wasn't like I'm selling everything. It was like, we know what to do, right? When these prices get to points that we like inside of good companies, we're investing. And so they did that and they're slowly, but surely they're starting to see the benefits of that discipline when it comes to investing.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Still a millionaire.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
This is 20 years ago.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Now I have to... What was it prior to this conversation?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Add a zero to it?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
We can be at 15. Okay.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Exactly. Safety first. Happily married.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Which is why you need the prenup. See? I ain't glad.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah, the level of appreciation always deteriorates over time, right? Because you've seen consistency at a certain level, right? Every time you show up, whether it's every Monday or every Thursday we put on an episode, you expect it to happen. The minute it doesn't happen, it's like,
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
something got thrown off in your life's algorithm why didn't they do it you don't remember 10 years ago when none of it existed you just remember that this is what is part of my life now and it's added value and they're supposed to add value because i need them to add value until it's not there so yeah he's right about that when you guys don't show up on monday we'll just know that rashad is
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
It's going to be titled, Leisure's Been Earned.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah. The reality is that it's very unique to watch something like that happen in real time, right? They watched him as a financial advisor. They watched me as a teacher. They watched us in my dining room to having $100 million. They've literally watched that step by step, whereas you've never seen that, really.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Like, you've never seen somebody start something, get a valuation for $100 million, a dollar valuation, to potentially be a billion-dollar company. and you got to see the day one, right? Like, by the time Facebook had happened, it was, like, already going, right? By the time it was publicly traded, it was like, all right, we're 2012. What was he like when he was in those dorm rooms in Harvard?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
What was that? That's what we've built with Earn Your Leisure. Like, you've watched from day one as we've created not only just the show, but created a network, created live events, created the book, created curriculum. People have been with us through this entire journey, which makes it super unique.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
had a good guest on steve eisman who actually he had him on he said he's not scared yeah his confidence was pretty impressive he brought up a lot of valid points and yeah he backed it up there's no alternative as of right now exactly yeah he's a great guest for sure yeah but you're not buying any treasuries you're doing options and some other crazy okay index funds bullish bullish
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Foreign investments.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Bullish.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yes.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Oh, I definitely did. Do you drink? Of course.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
The good stuff. Ooh, it's good.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
You're from the same era.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
It's true. I'm a March Pisces too.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I think that might be the female trait. I'm sensitive, yes. I'll take it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I bought a lottery ticket before, for sure.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
What was your gift? Yeah, now I'm interested.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
A car?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Does that count? What company?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Definitely doing it right now.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
See if I'm working away. You kidding me?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Never. Not once. No. I don't think so. I've had friends ask for money that was irrational, and then we stopped speaking. That's not a fight, though.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
They actually, yeah, yeah. Can you loan me this?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I'm all helping people out, but when the amount is outrageous and you're like- How much are we talking? Like six figures, yeah.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I give my friends money in anticipation that I'm not going to get it back. So a loan, it was like, I'm going to give you 3% over the next two years. I'm like, all right, you know what? I'm going to call you back.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Let's finish this up.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Boss bitch.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
For all the listeners, the cup was just put down. All right, let me turn to her. Let's hear this. Okay.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I've been going on six years with this advice, and it's still the most important advice. Plan for your future because you're going to be older a lot longer than you're going to be younger. When you talk to people, especially in our space, two things they say. I wish I would have known that when I was younger, and I wish I would have started when I was younger.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Ever. Start now.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
How long are you really young?
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
It's interesting. I remember the kid who graduates college feels like he's a man or a woman now because they've passed the phase of their scholastic education in a certain sense. And so are they no longer young? And I'm like, to me, they're young, right? 43 to 24 is pretty young, but they're going into now adulthood. They're part of the real world.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
They've got to get real jobs and make real money to live on their own, presumably. And it's, wait, you're an adult right there.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah. My support. There's compounded interest on that mentality, that language. That sits inside of you for a while. I'm asking for money as a kid, and my mom would jokingly say, if you was $20, I'd spend you. And I'm like, she don't really want to spend me. She just don't want to give me the money. But it weighs on you. We can't afford this. Don't even look at it. Don't touch it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
We can't afford if you break that.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah, that's the trauma.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Thank you, and congrats on the show.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I saw it was number one. It's a big deal. Making history.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Thank you for having us. Appreciate it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
You said something important. The title sophisticated investor really doesn't have a monetary amount attached to it anymore. You could have $10,000 and be a sophisticated investor because you have the education.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Whereas in the past, a sophisticated investor was somebody that had over 250,000 in their brokerage because they had the capital and people giving them information, then they were making better decisions. But now with the wealth of resources, obviously shows and books, people can make their own decisions and become sophisticated with the amount of money that they had and can grow portfolios.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yeah, it's interesting. I still live in the neighborhood where that house is, which is pretty interesting. So when we were writing the book, I drove past it just as a moment to see how far we've come. But yeah, my parents from Jamaica, they moved to the Bronx, and we were living in the South Bronx in the 80s. And they bought a house in Greenburg, New York.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And at the time, I remember them trying to get as much money as they could for the down payment, borrowing money from family members. And we finally got the house, and it was great. It felt like, yeah, we're moving on up. And within three short years, everything turned around. We lost the house and ended up moving twice and ended up in somebody's basement, one of my dad's friends, his basement.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And it was humbling, the embarrassment of it. You have a house in the neighborhood and everybody's looking at you like, yo, you guys, you're doing well. And then you're in somebody's basements, roach infested, rat infested, and you're just like, how did this happen? As time goes on, you realize that the financial education wasn't there. What happened to them was,
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
They signed an adjustable rate mortgage in 1988, and they didn't know what a fixed rate mortgage was. And so when they could afford it in 1988, it was great. But by 1990, 91, that interest rate almost doubled. And so now it wasn't something that they could afford anymore. And it was moving on down. But what it did do is it showed me what coming together looks like.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Because even in the midst of that, we never felt like we didn't have. I grew tight relationships with my parents. I grew tight relationships with my brother because we were experiencing that in the same time. And so financial discipline became the thing.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I was going to school in Westchester but living in the Bronx and getting bus money and trying to figure out how am I gonna have the bus money and lunch money. to get home every day. And these are the things I'm thinking about, like, how am I gonna do this? I didn't have a TV at the time. I remember I used to just listen to the radio and read the newspaper.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
But inside that, that's why I got a love for reading, especially, like, I was reading the sports section, but then I'd go to the business section, and then I would read the news there in the front. So I always read the daily news back to front. I love sports, and I was like, all right, I'll get a little business in the middle, and then I'll get to whatever's happening in the world.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And so that discipline helped me later in life. When it was time to learn about finance, I didn't go to school for economics. I didn't go to school for business. It was self-taught. And so that reading came back into it. It was Business Week. It was CNBC.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
It was anything I can get my hands on that would help increase my knowledge base around the world that I wasn't familiar with, because my parents didn't come from it. A lot of my family didn't come forward. I did have some friends who had some financial knowledge, but I wanted to be part of their conversations. Like I was around and they would have financial conversations.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I was like, man, I can't really contribute. I don't know what they're talking about. And so I took on the liberty to say, all right, I gotta go educate myself. So the next time they have a conversation about money and finance and real estate, Yeah, I'm well in depth. In fact, I'm going to add to this conversation. So it was like a challenge for me from that point on.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
But that all happened because of losing a house and figuring out how you're going to move on as a teen and how you're going to correct those mistakes in the future for your family.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
I own a house, I own two homes, yeah. So I own, my parents, we live in a home now. And that's interesting. During the pandemic when interest rates were really low, I remember like, hey, we gotta refinance this house. And my parents were like, we can't do it, we co-own it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
They were like, psychologically, just going through the process of interest rates, that trigger word again, they couldn't do it. I'm like, look, it's 2.75. We may not get to this point again. Right now we're at four and a half. That's two points on your interest. And just the fear and the process of them going through something like that again, they didn't do it.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And so we stayed at that four and a quarter, four and a half. And now you see interest rates up at 7%. So we missed a moment where they could have saved money on a mortgage, but that fear kicked in again. So I own that home with them. And then I just completed a home that I just built with my wife. So that was a process too.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Thank you for having us, Nicole. It's a pleasure to be here.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
Yes, Nicole, I am married and I am in love. We recently celebrated 13 years.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And what he's saying is true. And before I was married, he was my financial advisor. And so that was some of the advice. It was like two incomes are better than one. But there's a certain level of stability that you have when you're in a marriage. If you look at the wealthiest people in the world, they have something in common.
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
They either are married or they were married or they've been divorced and got remarried. Because there is a sense of stability there and there's a sense of
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
ordinance in your life right there's a certain level of discipline when it comes to being in a marriage so there are benefits for it which is what prompted that statement that you read because being outside and being around a lot of my friends who are single i'm listening to the stories and i'm hearing the feedback and i'm watching the relationships that they're having
Money Rehab with Nicole Lapin
Does Getting Married Help You Earn More Money? Earn Your Leisure's Troy and Rashad on the Marital Minimum Wage, Tariffs, Financial Trauma and "F U Numbers"
And there's a common theme, and it's imbalance, right? There's a lack of stability. There's a lack of knowing what I want and what I'm looking for. And so that led to the prompting of like, you know what? The best thing to be in this space right now is find somebody that you can really rely on, count on, and build with. How do you feel about it? What's your thoughts on that?