Crystal continues her conversation with serial entrepreneur, The Wall Street Trapper. He discusses the foundational principles behind building wealth and opens up about how God delivered him from a life of crime and ushered him into a life of financial freedom and service.
Chapter 1: What is the main topic of this episode?
Coming up on Keep It Positive, Sweetie. We live in a culture where everyone is trying to teach, have all these courses and things like that. How did you cultivate your course to make sure that people understood it's not a scam? Because there's a lot of people out here really scamming people.
How did you really build that and say, I'm going to keep this integral and make sure that I'm teaching people and that they get what they need out of it?
I'd use the same mentality that we had in the streets. It was give it away for free.
Wow. Wow.
Give it away for free. And if it's good for free, they'll pay for it.
Hi, I'm Chris Rene Hazlitt, and this is Keep It Positive, Sweetie, a safe space to heal, laugh, grow, and love. In last week's show, I talked about creating and maintaining a money-making mindset with Camille Rose, founder and CEO, Janelle Stephens, and serial entrepreneur, The Wall Street Trapper.
My conversation with The Wall Street Trapper was so layered, it took us a little extra time to get through it all. So this show is a continuation of that conversation. You are world renowned for your financial tips. My brother actually called me It was a few years ago. I didn't even know who you were. He called me. He said, hey, sis, like I really probably during COVID.
He's like, I want to learn about stocks and bonds and about finance. And he was like, there's this guy named Wall Street Trapper. And I paid for him. Did not know you, but I paid for him to take classes so that he could learn more. And then later on, we have mutual friends. And I was like, that's the And he was like, you know, like, oh my gosh. So yeah, you, where did that even come from?
Like the, to learn about finances and then to say, hey, I want to spread this and teach people.
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Chapter 2: How can you ensure your financial course isn't a scam?
And I think that's where a lot of people fall short at today is you're not doing exactly what you're telling people to do. You're teaching, but not executing. And so that has always been my motto is to give away as much as I can, teach as much as I can for free. And as a byproduct of that, you'll buy whatever product and service I have. And then the product and service, I had to realize that.
the people who are gonna buy this are probably gonna be at the lowest level. And so what I would do is I would create something and I felt like it was, and I don't wanna say like dumb it down, but I was like, it's still too jargon-ish.
Let me break it down again.
And so everything that I taught, I will always challenge myself to break it down because I didn't want the language barrier To continuously be the reason why we're not doing the thing.
And that is a lot of times we just don't get it.
I don't get it. What is it is? And so all of my teaching is energetic. It's laughter. In one of my videos, I actually teach with a Louis Vuitton bag. You got this Louis bag. You understand our culture. And so we started doing that. And then when we created the show, I told my guy Jose, I said, we're going to show the account every week.
Because I realized on Wall Street, nobody was showing their account. I realized that none of the people in my space were showing their account. And I said, Jose, we gonna show the account, dog. Win or lose or draw. We gonna show the account in the options market. We gonna show the account in the buy and hold market.
And so they watched me grow the account from 400,000 in 2022 to 4.5 million in 2020 to this year.
um they watched me do it wins and losses they saw me make a million dollars in one play they saw me lose 500 000 in a day but none of that mattered to me yeah because it was the authenticity and we did it at a high level because what i said to people was there are people making five thousand dollars three thousand dollars two thousand dollars i said jose we're gonna let him see somebody make a million so i want to increase their capacity yeah
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Chapter 3: What pivotal moment changed your mindset about money?
Put it in there. Don't buy what you lose.
You use Charmin.
Yeah.
Don't put stock in sharp.
That's what people tell you. The first thing I would say is if you just getting started, just buy the entire stock market just to start off. Like a mutual fund. No, don't mutual funds. No mutual funds. No mutual funds. Stay away from mutual funds. And here's why.
the fees you're going to pay with mutual funds most mutual funds underperform the stock market which means they don't give you the same return as the stock market does but yet the people are still you are still paying the fees for underperformance right yeah you're still paying the fees for underperformance yeah so if you're going to do that why not just buy the entire s p 500 which is vo or spy that's just keeping it not complicated yeah let's just start there okay
And then let's say, however much you get paid, let's make this automated. So every week or every time you get paid, let's just start with 10%. Or whatever you're getting paid, this is my freedom account. This is my freedom fund.
I like that.
Right? Now it has meaning to it. Right. So you say, okay, every time I get paid, I'm putting 10% when I get paid into this S&P 500. So now I'm not paying a broker. I'm not paying a fund manager. I'm not paying a financial advisor. I'm paying myself. Yeah. That's a good tip. I'm paying myself. I love that. We start there. We don't got to go far.
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