Dr. Jerry, you got the whole world waiting, been ready for you to start the conversation.
No point of view, we got the haters confused, leave it up to you to bring us all the good
news.
Positive vibes and the sex appeal too.
Dr. Andre Jerry, can I get an interview?
You, you, you, you, you, you, you, you.
Good evening, good evening everybody.
You are live with Dr. Andre Jerry.
I'm your host, Dr. Jerry, and I want to thank you for tuning in with me tonight and for
supporting the Artist First Radio Network.
We definitely appreciate your listenership.
So listen, for our last live broadcast, I sort of veered from my traditional format of interviewing
a featured guest, and instead I tried a little something different.
I talked directly to you, the listeners, and I shared some personal stories and a little
bit about what life has been like for me since returning from overseas.
And for those who aren't aware and who may be new to the show, I work in foreign military
sales and I've completed two diplomatic assignments in Saudi Arabia over the past three years.
And I've been back in the States now for about seven months.
And to be honest with you all, I'm still getting reacclimated to being back home and reconnecting
with friends and family.
So that's sort of what we talked about during the last episode.
And I was surprised, I got a lot of great feedback from that show.
It seemed that people really appreciated the more relaxed and formal approach.
So I'll be sure to incorporate more of that in subsequent shows, particularly in this
transitional period of the show as we look into revamping things and sort of expanding
our niche in the talk radio space.
So let's get right into it.
As you know, we're just a few days out from being five months into this year.
And I'm curious, how has everybody 2024 been so far?
How's your 2024 been?
Have you guys kept up with your resolutions and the goals you set out to achieve this
year?
Do you feel like your own track to achieve your goals or do you sort of feel like you
have some catching up to do?
Well, if your own track, I think that's awesome and I salute you.
And I definitely would encourage you to keep the momentum going.
And for those of you that feel maybe like you're falling behind and you haven't made
the progress you would have liked to have made by now at this point in the year, I
want to encourage you as well, because we're still relatively early into the year.
We're not even midway through the second quarter.
So there's plenty of opportunity and time to knock out your goals for 2024.
So don't be discouraged.
The first step really is deciding what you want to accomplish by the end of this year.
Because without first knowing that you're sort of aimless, you're just living day to
day with no real intention behind your actions.
And from what I've learned, a goal is really nothing more than a vision for your life.
And God himself even speaks about the importance of having a vision in his word.
Proverbs 29, verse 18, it says, where there is no vision, the people perish.
I know you've heard that scripture before.
The second part of that scripture says, but he that keepeth the law happy is he.
So in this instance, think of the law as whatever your goal is.
Okay.
So once you have your goal and you know what it is that you want, you can then work to
quantify that goal.
So if your goal is to lose weight, well, okay, how much weight do you want to lose by the
end of the year?
How do you want your body to look at the end of the year?
Quantify it.
If your goal is to save money, how much money do you want to have saved by the end of the
year?
You know, you know, one of mine is paying off debt.
If your goal is to pay off debt, what debt do you want to have paid off or how much
on that debt do you want to have paid off by December 31st?
So you always want to quantify whatever your goal is.
And then lastly, you want to figure out how you're going to achieve these goals.
And really, this is where you devise sort of a detailed plan on how you're going to
execute this and get from point A, which is where you are today to point C, where you
like to be by the end of the year.
And if you remember, remember from our last episode, I'm not really an advocate of having
this long laundry list of goals for the year.
From my experience, that's not quite the best approach.
And you know, I'm someone who I used to, every December, I used to make a list of anywhere
between 10 to 20 goals that I wanted to accomplish by the end of the year.
And I mean, not little stuff, stuff from, you know, like publishing a book, starting
another business, buying investment properties or paying off my student loans, which are
significant.
And I mean, don't get me wrong, I would accomplish a few.
But because I had such an exhaustive list of goals, I would end up sort of feeling like
a failure because I only accomplished maybe, what, two, three out of 10 or 15 goals.
So instead of feeling energized and grateful for having published that book or starting
that business, I would instead feel like kind of deflated.
Like, yeah, that's great, but I really should have done so much more.
And then, you know, on top of that, I was so mentally fatigued from overexertion and
trying to come, you know, accomplish and knock out 20 goals in 12 months.
That simply cannot be done.
So don't even do that to yourself.
There's no way you're going to accomplish 20 different goals in 12 months.
So from my experience, just stick to one or two, no more than three goals for the year.
Make sure you quantify them and then develop a action plan that you implement daily.
And if you do that, you'll be just fine.
The last two things I want to touch on about goals sitting before I move on to the next
topic.
Please write down your goals.
Okay.
Never just have them in your head.
I used to do that too.
You need to actually put your goals down on paper.
Remember how the Bible says, write the vision.
Keep a list of your goals by your bed or keep it someplace handy where you can look at it
every day.
I like to read and meditate over my goals every night before I go to bed.
I like to, and I don't do this often enough, I like to schedule time just to sit and visualize
myself achieving my goals, daydream about them.
How will I feel once I attain these goals?
You know, it may not sound silly to you, but some people, I know to me it used to sound
silly.
Oh, sitting, visualizing.
Yeah, but it works.
So if you do this, I promise you your goals will come to pass.
I'm just telling you from experience, I know that this works.
Last thing I want to say, keep your goals to yourself.
I know it may be tempting to share your plans with other people, you know, because you're
excited and you're seeking encouragement and validation from people, but keep your goals
private.
People can't destroy what they don't know about.
You'd be surprised, maybe you wouldn't, but you'd be surprised at how some of our so-called
friends and family can, uh, willingly or unwittingly, infect our dreams and our goals with doubt,
fear, and negativity.
Um, doubt can sound something like this.
Maybe you should try to focus on buying one investment property instead of three.
You see kind of what they just did.
If your goal was to get three investment properties for the, for the year, you know, whether or
not they intended to or not, they've kind of sewn this small seed of doubt in your ability
to acquire those three investment properties in one year.
If the Lord put it in your spirit and in your heart to go after three, then you need to
go after three.
Um, it would be, you know, something different if that same friend or family member says
something like, you know what, I think you're thinking too small.
I see you getting six properties this year.
You see that sort of thinking, it doesn't sew doubt in your ability to achieve your
goal.
You know, if, if anything, it expanded your belief in what's possible.
You might be thinking after they said that, wow, you know what, maybe I am thinking a
little too small.
Maybe I can get six properties or more this year.
So that's the type of stuff you want to hear from people.
If you do share your goals with them.
Um, another goal killer is fear.
And I'll give you an example of, of, of how that sounds.
And we've all heard something like this before.
Uh, you need to be careful with these, uh, with all this fasting you're doing and going
on all these diets.
Um, I heard where a lot of people been getting sick and almost died from doing all these
diets and stuff.
So you need to be careful.
You know, it is like, you're not five.
Would you rather that I fall out from being mortally obese or fall out from diabetes?
You know, that's nothing but fear mongering.
And it's very common in, in black folks, I'm not going to pick on my people, but it's
very common in my community, especially when you're trying to do something that's outside
of the norm or something different.
You're going to get that kind of stuff.
And the most common and annoying goal killer that, that I know of is just sheer negativity.
And um, negativity can sound something like this.
You're always wasting your money on these online seminars and courses.
Are you people wanted your money?
That stuff ain't nothing but a scam.
Let me tell you something.
The best money that you can spend is in making an investment in yourself and feeling your
mind with knowledge.
I don't care if it's a seminar, a book, an online course, it don't matter.
It is giving you a new skill set.
If it's teaching you something different that you didn't know before, something that you
can leverage to earn more money and, um, you know, live a better quality life, then it's
well worth it.
So don't let anybody discourage you from bettering yourself or learning something new.
Get out there, experiment and just try.
If you try and feel, oh well, but you know, that's better than just not trying anything
at all or acquiescing to fear.
Um, and there's another thing I want to say about that.
There aren't many people in this world, not these days anyway, who are willing to give
it, just give away knowledge for free.
Very few.
So if you run across somebody that's willing to do that, be appreciative of it.
You know, everybody's trying to monetize their expertise these days.
And rightfully so, if you have a skill set that, um, can help others or can help people
earn extra money, then you kind of have a responsibility to share that and to financially
uplift yourself by, um, sharing that in a course or on YouTube or something that you
can monetize.
There's nothing wrong with giving away for free.
I know a lot of people do that.
Um, but those people nine times out of 10, they've made their millions.
They've made their money.
You know, um, at some point, if you're not overcome by just sheer greed, which can certainly
happen to people, then, you know, you're going to try to seek to give back, share knowledge
or just otherwise find a way to impact the world in a positive way.
You know, so keep your goals private, be clear of people with doubtful, fearful or negative
mindset is not going to be a good thing for you.
So anyway, I'll move on.
At the end of our last show, I touched on, um, this book that I was reading called a
psychology of money.
The author's name is Morgan Howsell.
And I said that we talked about it on the next episode.
I'm not going to spoil it for anybody who liked to, you know, go on Amazon, buy it and
read it on their own.
Uh, so I'm not going to do like a full book review, but I will share, uh, just a few of
the takeaways that I took from it.
Um, that I feel a note worthy.
So I came across this book through a guest, uh, at one of my Airbnb properties.
Um, he was gracious enough to let me borrow it.
And ironically, I'm at this place in my life now where I'm very hyper vigilant about my
money and how it's being spent, um, how it's being saved, how it's being, uh, invested,
how it's being leveraged.
So I feel like the timing of when I discovered this book was really interesting.
And I'll explain a little further into the show what happened recently to cause this,
this hyper vigilance where my finances are concerned.
But one of the first things that I appreciate about this book is that it's fairly easy to
read.
Um, it does contain some financial terminology, uh, but it's nothing advanced that like a lay
person wouldn't understand.
So it's, it's pretty easy to follow.
And I also appreciate that the chapters aren't super long.
Um, they're pretty much condensed.
So for someone like myself who is very easily distracted, I think I might have adult ADHD
or something like that.
But for someone like me, it's nice to be able to cover a chapter or two in just a few minutes
without, you know, my mind wandering or, you know, thinking about something completely
different than what I'm reading.
So I definitely, you know, can appreciate that.
Um, so largely this book is like a collection of various anecdotes and stories about prominent
figures in the financial world, um, who've made some great and some not so great decisions,
uh, particularly as it relates to business and finance.
And most of the people mentioned in this book are famous.
Some are infamous and you know, you'll recognize their name straight away.
People like, um, Bernie Madoff.
We all remember that name, uh, Bill Gates, Warren Buffett.
So it includes stories like that.
Um, and there are even some like lesser known, but prominent figures in the financial world
that insiders know of, but you know, like everyday people, you're not going to know their names.
But I believe the author's objective with this book was not to just revisit history by
telling various stories.
Um, but he sort of wanted to use these historical facts and data from pivotal moments in our
country's economy to examine the overall psychology behind behaviors and decisions and, um, the
evolution of thought regarding money and how we as individuals choose to spend it.
So the first thing that I want to note here was he talked about the importance of behavior.
And so the author emphasizes that success with money is not necessarily about always
making the smartest investment decisions, but instead it's about managing your behavior
and your emotions effectively.
And I found this to be so, so, so, so true.
Um, recently I had to come to terms with my own behavior and emotional reactions when it
comes to money.
And what I'm going to share is that, you know, some of this is embarrassing for me to admit,
uh, with my level of education and I've even worked in own businesses in the financial
sector.
So if anyone should know better, it's me.
But if I have to use myself as an example to help others or prevent them from making
some of the same mistakes that I made, then I'll do that.
So be it.
Um, listen, so okay, I do pretty well for myself financially, praise Jehovah, but even
I have made my share of financial blunders that I've had to work over the years to overcome.
Um, but I noticed fairly recently, um, that even though I do well financially, I was giving
away a lot of my money.
It took my, it took my accountant telling me, and this was fairly recently it took my
accountant telling me that he was concerned about my level of spending the past year.
And when he said that I remember I got a little bit defensive, you know, because I was like,
what are you talking about?
I don't go anywhere.
I don't do anything.
I rarely take vacations, um, all the, I just feel like all the money I do spend it benefits
other people, you know, more so than myself.
And then that's when he was like, that's exactly what I'm talking about.
That's your problem.
He went on to say, you know, I'm concerned about the amount of cash app and wire transactions
from your account.
What is all of this for?
And I was like, well, normally, you know, anytime I use cash out is to send money to
people.
And he was like, well, are these loans or any of these people paying you back?
Because I see a lot of outgoing transactions and I'm not seeing many incoming transactions.
And I'm not used to having people check me on my finances or anything like that.
Um, but anyway, I took his advice.
I went back and I looked at my cash app transactions for just the past 12 months.
And I was astonished at how much money I was just giving away.
Um, it was 501 months.
$250 the next month.
Some months I saw 1200, 2000 in some cases, just ridiculous amounts of money given away.
And it's embarrassing to admit that, but I just wasn't keeping track of it.
I wasn't keeping track of it at all.
I was overseas most of the time.
Um, so, you know, when you're overseas, you don't have any bills.
Before I left for Sally the first time I sold my car.
Um, you know, I had this, uh, M M five BMW.
I love that car.
It's one of those cars that can't sit.
If you let it sit for a year, I knew I was going to be gone for at least a year.
If you let it sit, um, you are ruining that car.
That car meant to be driven and driven hard.
So thankfully, uh, and some of you know this, I, uh, came across a BMW M five enthusiasts,
um, who asked about what I'd sell him my car.
And he's, he's asked about my car like three or four times in the past.
I'm like, no, no, I'm not selling my car.
And he happened to catch me about three months before I left Sally the first time.
And, um, and I was like, you know what, it's just going to sit here.
I'm probably not to do tons of maintenance on it by letting it sit for a year.
So he just caught me at the right time and I sold it to him.
So, but yeah, to my earlier point, when you're overseas, you don't really, you don't have
any rent for pay.
Um, I had tenants in my home.
So I was not paying mortgage.
They were paying it.
Um, you don't pay for food unless you just want something extravagant or something.
Um, so you're just very spoiled when you're overseas.
So I was just accustomed to not having any bills not paying for anything.
Just spoiled.
So yeah, I was just giving ridiculous amounts of money away and wasn't keeping any track
of it.
You know, someone asked me for help.
I, I kind of feel obligated because I had it to give and you know, it could easily be
me, you know, the tables were turned if I needed help.
Um, so a lot of times people wouldn't even ask.
I would just voluntarily send them money because I, you know, caught wind that they were struggling
or you know, hurt through the great fun that they had fallen on for a time.
You know how people can like lose their job or get sick or something like that.
And, uh, you kind of hear some of that stuff through gossip channels and you know, if I'm
the type of person, I'm not the type of person that's going to hear something like that and
not try to do something to help.
You don't always have to ask.
Um, so I just kind of took it upon myself to be this savior for people.
Um, because I, I distorted and took out of context that scripture that says, um, for unto
whom so ever much is given of him shall much be required and to whom men have committed
much of him.
And they will ask the more that's in the 12 somewhere.
There's another scripture that I grew up with that says, uh, uh, withhold not good from
them to whom it is due when it's in the power of dying hand to do it.
Um, what's the other say, say not unto thy neighbor, go and come again and tomorrow I
will give when thou has it by be.
Um, that's improper.
I don't know the exact scripture.
You know, so these are scriptures that I've taken the heart.
Um, I grew up in the kingdom hall.
Um, I grew up reading these scriptures and plus I have a very generous heart anyway.
I get it from my parents, especially my mom.
My mom was someone she would give you the last of what she had.
Um, if you were in need, especially if it was her children or anyone in her family.
You know, so those are the type of values I grew up with.
Uh, my parents were kind hearted, generous people.
Um, if they could help you, they'd help you, you know, even if it was to their detriment
in some cases.
But yeah, my accountant was like, you know, I understand helping others, but you really
need to sit minutes on your charitable activity, um, because I'm concerned that you're not
getting paid this money back.
Um, you know, money that could otherwise go to savings or paying down your student loans.
And you know, he was, he was absolutely right.
And mind you, on top of this money that I would be given away, I was also paying ties.
Um, I stopped paying ties recently, but maybe I'll get into that later.
I'm just not sure what all these churches and people are doing with this money.
Um, I just don't, uh, I've been holding back on my tithing and offerings, um, until I find
a different avenue for the money.
I think there, there are other ways to help people versus giving your money to the churches
and the wash tower and Bible and tract societies.
One thing I can say about the wash tower Bible and tract society is that they do, I don't
know exactly what all goes into that money.
I don't know how much of it goes to administrative costs and stuff like that, but the kingdom
hall has always done a good job of outreach.
I know a lot of that money goes into printing publications and various languages, um, to
help, you know, um, further the word of God.
Um, so I don't feel like the money is being with us, but at the end of the day, I don't
know exactly what my money is being used for.
Um, so I just kind of heel back on that and I've been kind of tithing in other ways.
So, um, but anyway, back to my point, my, my, my accountant was, was absolutely right.
And to the author of this book, to his point, my behavior when it came to money was emotional.
It was emotional and it wasn't tempered by sound judgment or discipline.
And remember in the last episode, I talked about the importance of going to therapy,
getting some type of counseling or coaching and something that my therapy therapy helped
me to understand and realize is that I was giving away money.
I was a survivor's guilt, you know, a part of me felt guilty for my success.
Um, knowing that others in my family or inner circle weren't doing as well or had achieved
a level of success that I had.
Um, you know, regardless of the fact that they had the same opportunity I had or, you
know, even more so to succeed.
Um, another reason I was being overly generous, it was to prove that I didn't think I was
better than anyone else.
You know, there's a perception among people in my circle, um, especially within my family
that I'm this golden child who was shielded from any type of hardship, uh, and whose life
is perfect, which is far from the case.
But nonetheless, that's the perception that many have about me.
And if you add the level of academic and professional success that I've earned, not
with hand it earned, um, it only heightens that perception.
And so over the years, I found myself sort of dimming my light and being overly modest
to appease others or to make this point that I don't think too highly of myself.
You know, so with all of that, I've been working to sort of modify that behavior and
just adopt a better self image and adopt more discipline, uh, in my finances.
But another point, um, that I took away from this book was about long term thinking.
Um, this book highlights the significance of adopting a long term mindset when it comes
to investments and financial planning, instead of just for, you know, focusing on short term
stuff.
And this goes to what I said earlier, um, about having a vision.
We all know what our immediate expenses are, but do we give enough thought to those expenses
that we'll incurred in the long term?
You know, all we are approaching retirement in the next 10 to 15 years.
If so, how much money are we going to need each month to make sure that we're comfortable?
You know, and when you come up with that amount, make sure that you, you know, have
we adjusted it for inflation?
We see where inflationary pricing has impacted people all over the world.
That's milk, just regular stuff.
You know, we have to think about what the price of everyday goods and items that we
consume, what the price of is going to be in 15 years down the road.
So we have to account for things like that.
Um, what were our medical expenses be in the future?
You know, do we expect to be in relatively good health?
Um, or do you think that you may need some type of assisted care?
Um, for those of us that are in our mid 30s and mid 40s, we may have aging parents.
What type of care will they need down the road?
You know, some of us may need to step up and, and take the lead in caring for elderly parents
at some point down the road.
Um, some of us may have parents that will require some, some sort of advanced care and
unfortunately have to be placed in a nursing home.
That may have some financial implications in terms of, uh, how much of that may need
to be covered by you.
And while we're on that topic, you know, I made a promise to myself, uh, and to my parents
that I would never put them in a nursing home.
I'm not judging anyone who's had to make that decision.
I'm not because there's a host of mitigating circumstances that could be at play.
But as for myself under no circumstances, what I would have ever put my parents in a
nursing home, um, due to some, I'll just say, extenuating circumstances, uh, and, and coupled
with advanced care that, you know, my grandmother needed for alzheimer's and schizophrenia.
Um, my, my grandmother had to be placed in a nursing home.
And I saw the toll that that took on, uh, not just her, but also on my mother, who was
her primary caregiver and had it not been for extenuating circumstances that I will
not get into.
My mother would have never put my grandmother in a nursing home.
She never would have.
And so seeing the impact that that had on my mother, I resolved at a very early age that
a nursing home would not even be an option for my parents.
So I don't care if I had to wipe their butts myself.
They wiped mine first.
So I don't care whether or not I was married or whatever the situation was, whoever my
spouse was, we just had to understand it's not up for discussion.
This is just what has to be done.
And if there's something you can't handle, I'll sign divorce papers, but at the end of
the day, I have to take care of my parents.
But, um, as God would have it, I wouldn't be in the position to have to make that kind
of decision, um, for my parents care.
But nonetheless, the author's point is that these types of long term expenses should begin
as some type of consideration, because we don't know what we're going to face down
the road.
And I want to say something else about this too, because it's heavy on my heart.
If you have aging parents or parents with issues, and you've, I don't know how to quite
approach this, but it has bothered me ever since I was a teenager, because this happened
to my mom.
It should not fall on one sibling.
And y'all know where I'm going with this.
It should not fall on one sibling to be the primary caregiver for a parent that has medical
issues or is in advance in age or just whatever the situation is.
It should not fall squarely on one person.
One person may be with heavy lifting, but you shouldn't just, the other sibling shouldn't
just allow that person to just carry that death of big burden to carry.
And I watched my mom do that.
At the end of the day, she did it because she honored and loved her mom, despite how
she was treated at times.
But if you can lift a hand to help, it may not be always financial.
You may not be able to help financially.
But go over the, you know, on the weekends and sit with your parent or help cook or check
in with your spouse who's doing the heavy lifting.
You know who they are in the family.
Check in with them and ask them how they're doing.
How is their mental health?
You need me to watch mom or dad for the weekend.
Is there anything you need?
Sometimes take them a plate or something.
I just don't like how a lot of people in certain families.
Yes, I'm talking about mine.
I'm not going to say no names.
Y'all know who I'm talking about.
Don't sit back and let one sibling do all the work.
It's not fair.
And that's all I'm going to say about that.
Another point that the book brought out that I wanted to touch on was about risk and uncertainty.
So the author, he discussed how to navigate inherent risk and uncertainties when you're
investing your money, understanding your own risk tolerance.
Everybody's risk tolerance is going to be different depending on what you've got going
on.
And just being prepared for stuff like market volatility and just unexpected stuff that
you may not be having a plan in place for.
And even if you're not actively investing in the stock market, you may have a rental
property or something like that or some type of other investments.
You need to think about, have you given enough consideration and made contingency plans for
certain types of risks?
Because I don't care what your portfolio is, stocks, rental property, gold, silver, no
portfolio is free from risk.
You have to think about things like what if there's another stock market crash?
What if there's another recession?
What if inflation goes through the roof and gas is $5,000 to $6 a gallon?
And it's very hard to buy groceries.
I know some people are struggling buying groceries.
You can't get basic stuff without spending $100.
It's like, wait, I only got five things in my car.
What do you mean it's $60?
So just stuff like that, you really have to take into consideration and think about,
are you set up to financially weather some of these different storms that could happen?
And even if you're not an investor, the same types of question applies.
Are you financially prepared for uncertainties like losing your job?
That's happened to me.
It can be detrimental.
Some type of short-term or long-term disability that keeps you from working.
Some type of natural disaster.
I think about that catastrophic hurricane in Puerto Rico, one in Louisiana that really
just upended a lot of people, families, a lot of deaths, a lot of just displacement.
You may have to unespecially take time away from work to care for a sick child or sick
spouse, all types of stuff.
And none of this is to instill fear or to have you excessively worried.
But yeah, none of this is to instill fear at all.
It's just to get you thinking about these things and preparing your contingency plan
and make sure that you're ready yourself and your household for these types of emergencies.
And these are uncertain times that we're living in.
So we should do our best to make sure that we are as prepared as we can be if disaster
happens to strike.
The author also touched on the role of luck.
Some of us are just lucky, the author kind of explored how luck plays its role in financial
success.
He emphasized the importance of acknowledging and accounting for luck when you're talking
about these personal narratives of achievements.
One of the examples he gave is Bill Gates.
We all know how successful that he is.
Well, one of the stories that he shared in this book was that Bill Gates, when he was
a teenager, he just happened to go to a high school that was among the first to invest in
computers and computer science.
It was kind of a burgeoning field that was just starting, computers were just starting
to become popular.
And so his school kind of took one of those vocational approaches to where they're going
to invest and expose their students to computers and computer science.
Even if he went to a school that didn't take that stance, his trajectory would have been
completely different.
He was lucky and blessed to go to that particular school.
He ended up getting very interested in computers.
It became a passion of his.
He started several companies, one of whom is Microsoft.
He's one of the richest men in the world.
So that was a lucky break.
That was a chance break that really had nothing to do with skill, so to say.
But it was just something that changed his trajectory.
So when we're talking about these stories of prominent people who've done these remarkable
things, not all the time, but sometimes luck, just sheer luck and blessings, need to be taken
into account.
And when people, some people, not saying Bill Gates is one of these people, but when
some people are telling their story about how successful they are, they don't mention
how lucky or blessed they are to be a recipient of certain situations and circumstances.
So just take that into account as you see other people who have great success financially.
The book also talks about savings habits.
And it just talks about how building good saving habits is a crucial component of financial
success and well-being.
And it's something just simple stuff that's overlooked, like nothing beats a good old-fashioned
savings account.
I know there's a lot of allure with stock market and investing in this and investing
that, but nothing beats a good old-fashioned savings account.
Something that you don't have to worry about, market volatility and stuff like that.
You may not be making a whole lot of money interest-wise, but at the end of the day,
if you need your $5,000 or your $10,000, you don't have to worry about it being shrunk
by market conditions or something like that.
So never discount just a good old-fashioned regular savings account and make sure you're
going to have the saving at least some of your money every week, every month, because
every little bit counts.
And even if you run into a small issue where you have to pay a bill that comes out of the
blue, you can always pull money out your savings and replenish it later, but you can't beat
a good savings.
And just like I said before, the value of just simplistic financial advice and just keeping
things simple and easy to understand, that's one of the key principles for long-term success.
Save what you can, invest, spend wisely, don't be emotional when you're spending, and be
disciplined.
Just little changes like that can go a long way in having financial success.
So again, this was a very insightful, very timely book for me to read at this point in
my life in particular.
And there's a lot in this book that I purposely didn't touch on because I really want you
to get it and read it for yourself.
Throughout this book, you will be exposed to a lot of history, like I said, a lot of
personal anecdotes and stories that are meant to illustrate and bring to life important lessons
about personal finance, money management, and decision-making.
And again, the name of the book, in case you want to put it in your Amazon cart or your
audible cart, is called The Psychology of Money.
Timeless lessons on wealth, greed, and happiness.
The author is Morgan Housel, H-O-U-F-E-L.
And I'll make sure we put a link to it on our show's homepage.
So on that note, I'm hearing some different beats and audio stuff.
We're going to take a brief commercial break.
And I think this is a great time to get that second glass of wine.
And by the time you get back, we'll be ready for segment two of the show.
And I'll share part two of some of the personal stories that I touched on during our last
episode.
So be sure to stay tuned in right here on Live with Dr. Andre Gerry.
We'll be back in a moment.
So on that note, I'm hearing some different beats and audio stuff.
Hating ass niggas off my mind. I'm flying first class don't need a buddy pass just a diplomatic
Pass or to get me through the airport. I'm chilling at the lounge. They never keep me waiting
Keep pouring them drinks till I reach my destination. I'm going back to Saudi Saudi
Saudi I'm going back to Saudi
I'm going back to Saudi Saudi Saudi
I'm going back to Saudi
I'm going back to Saudi. It's like my second home the Arabs are exotic
I can't leave them alone. They like the taste of chocolate
Sexy erotic and if you like the finer things than money ain't no object
I'm going back to Saudi Saudi Saudi. I'm going back to Saudi. I'm going back to Saudi just in the nick of time
I'll party with the Saudis at the end of Ramadan and when they own that she sure
Mmm, it's nice to meet you. So let's go do I think why we said Saudi champagne? I'm going back to Saudi Saudi
Saudi I'm going back to Saudi
I'm going back to Saudi Saudi Saudi
If I meet a chic I may never come home just give me a week. I just might show my camel toe
I'm going back to Saudi Saudi Saudi. I'm going back to Saudi
You're back live with dr. Andre Jerry
Hey everybody, welcome back to live with dr. Andre Jerry, I'm your host dr. Jerry and if you're just joining us
We've been discussing our goals for the year and talking about strategies to make sure that we achieve these goals
We also talked about highlights from the latest book released by Morgan how's oh
wonderful book called the psychology of money and
I share some of my personal experiences with financial stress
I
Talked about understanding my own behaviors toward money and how I was able to overcome some of those challenges and
Implement some of those teachings from the psychology of money
now in this next segment of the show I
Think I'll update you guys on some things that I touched on in the last episode
So I know one of the things that I talked about was falling out with my friend's girlfriend
so I wanted to update you guys on that and just I
I feel like I need to do a brief recap just for those who just have no clue what I'm talking about
So basically I feel out with my friends girlfriend
Because I live with them both for a short time and doing during that short time we just had some friction
I think when you it's one thing to stay with people
For a week or maybe a week and a half two weeks
But when you start going into two and three months think things can get kind of dicey
And and never again will I live with a couple? I think when you live with a couple and
You know your friends with one or both of them that can really cause some
I don't know it's just I just wouldn't advise it
I just would not advise it but long story short. I
Stayed with my friend right when I came back from Saudi for a few months. I had plan on staying longer
If the girlfriend started acting really crazy and stank and I was like look I got to get out of here
Because I'm gonna end up cussing her out and then me and you're gonna fall out
So that's the long the long story with that
Things have gotten a little bit better
At first I took the stance of you know what I'm done with her. She's toxic. I don't have time for this
Through off my plans. I did not plan to have to go and get an apartment and all this type of stuff
Spend money that I did not plan to spend
It just kind of threw me off because I had we had already
Arranged that I was gonna pretty much stay there for a year
but when things started going awry I was like, uh-huh I gotta get out of here and
But you know God has a way of frustrating things we make our plans
but
I'm the type of person that always tell Jehovah
Not talk Jehovah. I taught in Jehovah like like he's my friend the Bible says he's our friend
so I talked to him straight up and
I I tell Jehovah look I invite you in every area of my life
finances
personal friendships
Relationships work everything. There's no area of my life where you're not invited
You have to invite God into your business. God is a gentleman. So he gives us free will and he's not gonna
You know mingle in our affairs if we don't invite him. So I tell Jehovah all the time
I'd make plans to do XYZ
But if you need to come in and frustrate plans and change things around by all means you know all things
I'm just dust. I'm a human. I
Don't know the end from the beginning like you do. So I'm always inviting him to frustrate stuff
So when stuff doesn't work out whether it's a job or relationship or property. I want it
I don't care. I look at it as God knows best. So when you have that idea
And that mindset you don't allow yourself to be disappointed
Now we're humans and you know when this first stuff first happened with the girlfriend
I was pissed
Because I just you know part of the reason why I was staying with my friends not that I couldn't afford my own place
He was not charging me a whole lot of money
So I was able to invest and allocate money to different things and I just had this whole plan
And when she started with her shit, I was like, yes, you just make me sick
Now I got to go find an apartment. I know Stephanie is just laughing. That's my sister
She's all I can just tell when my sister is laughing at me
And I know she's falling on the floor now the whatever
but
Anyway, so my whole point with that is that things have gotten a little bit better. I made peace with it
I don't think we'll ever be close close again
But just recently this past weekend. I was over there. We all hung out. We did karaoke. We cook we ate
I'm scared to eat her food because I she made a cake specifically for me
And I don't know what she put in it and I don't know if you're trying to poison me or what
But I I'm able to a little bit of some stuff but that cake
To be honest with you and and and pray test if you're listening
I didn't throw the cake away. I took it to work and the people at work ate it
I was scared to eat it because I don't know
I don't know if you're just pretending to be cool and I don't know. I just don't trust it
So I I didn't eat it. So you want to get mad all over again, whatever
Um, but yeah, so things are better. I'm making an attempt. You don't have to be nasty
You know at the end of the day, I've been a bitch back in the day
And you know, I don't want somebody judging me by one or two things that I've done
So yeah, I just give people the end. You know, the the the what is it benefit of the doubt?
um
We probably not gonna go back to being close but I can speak I can be cordial and
I cannot be an asshole when I'm over there because at first I would go back over to my friend's house
And I would just act like she wasn't there and that's not nice either
You know, you can at least speak the woman do live in the house. Um
So, you know, that's just what it is. So things are better on that front
I don't have time to go into a whole lot of other stuff. Like I thought I was going to we're at the top of the hour
I don't know how I talk so much in the first segment. I thought I was at maybe 20 or 30 minutes, but
I looked at it and it was almost 50 minutes into the hour. I was like Jesus
But hey, I hope you gleaned something from from that
Um, and I know it was a long segment about that book, but
Um, that book really did change a lot about how I approach
Money and how I behave with money. So I hope you took a little bit from that and make some changes on your own
Um, I think the other stuff that I wanted to talk about because we're so close to the hour and there's a show following mine
I'm gonna uh, kind of sort of wrap it up
Wrap it up, but uh, let's do this again next month
Um, I want to thank all of you for tuning in with me this hour. I hope you had a good time
I hope you enjoyed the conversation
I want to give a special shout out to my friends overseas who stayed up
Extra late to catch the live version of this show. Um, it'll be posted
Uh, maybe in the next 24 to 48 hours
So you can always catch the playback if you missed any of this
But I want to say good luck to all of you in pursuing your goals for the year
And establishing better habits and behavior when it comes to money
It's a work in progress for a lot of us. So don't feel alone. Don't feel discouraged. Okay. You got this
Um, be sure to join us for our next live broadcast of live with dr. Andre Jerry
Um, it's gonna air on wednesday may 22nd at 8 p.m. Eastern
So guys until then god bless you and be safe and good night everybody
Yeah