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

"See, The Thing Is..."

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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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