Ep.11 | Why Aren't We Financially Literate feat. Ish

"See, The Thing Is..."

Full Court Media Studios

Seethethingis, Improv, Comedy, Entertainment News, News, News Commentary, Entrepreneurship, Business, Music, Stti, Bridgetkelly, Music Commentary, Music Interviews, Society & Culture, Mandiib

4.6 • 3.4K Ratings

🗓️ 22 April 2025

⏱️ 68 minutes

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Summary

Mandii B and special guest Ish (Joe Budden Podcast) dive into generational wealth, Black consumerism, and the ethical side of building and managing money (00:00). The host and guest unpack the pros and cons of home ownership vs. renting (02:50), the importance of financial literacy (06:03), and the potential impact of reparations on wealth distribution (08:54). They examine the role of billionaires in society (12:03), why education is key to managing wealth (15:11), and how home ownership can be a powerful tool for building long-term financial stability (18:09). The conversation highlights the challenges of promoting financial literacy within the Black community (21:08), along with reflections on early money lessons and their lasting impact (34:13). They debate the growing wealth gap between millionaires and billionaires (35:34), address the ethics of extreme wealth (39:43), and explore the cultural attitudes that shape how money is viewed and discussed (42:54). With an emphasis on personal responsibility and collective empowerment, this episode encourages open conversations about money (52:41) and stresses the importance of education and accountability in securing a more financially informed future (01:00:05).

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Transcript

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0:00.0	All right, y'all, this week, we're having a bit of a more mature conversation, right?
0:06.2	Since my lovely producers love to dig into my pockets and other podcasters like pocket watching,
0:11.7	I thought we would talk about the means of creating generational wealth, but also black consumerism
0:18.2	and how we view capitalism.
0:20.2	Now, if you are on the Patreon, we had a very
0:23.3	heated discussion around the existence of billionaires and whether you can become a billionaire
0:28.0	ethically or not. I believe in billionaires. I believe in black billionaires. And I believe
0:34.5	in expounding in as much wealth as humanly possible while you live
0:39.0	on this earth because why the fuck not money is success god damn it and I do believe that money
0:44.2	can buy happiness um I do want to talk about as well being 34 years old and currently amassing
0:51.4	the wealth that I have me coming into the crossroads of realistically feeling
0:58.0	kind of pressured to buy real estate
1:00.0	and leaning into home ownership as someone who, as you guys may have heard,
1:05.6	does not want to be married, does not want to family plan.
1:09.2	And so the idea of buying a home to live in it and then having to pay for if the faucet
1:14.3	breaks or mow the lawn or the HOA fees or the taxes on the land, all of those things
1:20.2	become an expense to where I'm just like, but isn't rent just the cheaper route to go?
1:26.2	And then I want to talk about too in this episode, if we're talking about building generational
1:30.7	wealth, what that really looks like, and if reparations would have helped us at all, we're
1:36.7	going to dig into some financial literacy, but also, I want to go ahead and state that I do
1:41.9	not believe that any of our community should see reparations.
1:45.7	That's right.
	...

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