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Black Wealth Renaissance

Ep: 234 Being Cheap Is Expensive

Black Wealth Renaissance

Black Wealth Renaissance

Business

4.81.1K Ratings

🗓️ 11 June 2025

⏱️ 72 minutes

🧾️ Download transcript

Summary

In this thought-provoking episode, David and Jalen unpack the hidden costs of a scarcity mindset and why “being cheap” can actually set you back financially. They dive deep into the psychology of wealth, exploring how our environment, upbringing, and the language we use around money shape our financial identity.   From breaking generational money habits to practical strategies for improving credit, this episode offers both mindset shifts and actionable game. The hosts also challenge the idea that saving alone builds wealth—emphasizing the importance of self-investment, calculated risk-taking, and shifting from fear to abundance.   Key Topics 05:50 | Building a Strong Financial Identity Through Mindset 12:38 | How Your Environment Programs Your Financial Habits 22:13 | Rewiring Your Brain: Moving from Scarcity to Abundance 36:08 | Why Betting on Yourself Is the Best Investment 41:02 | The Long-Term Impact of Inherited Money Habits 48:55 | Credit 101: Simple Ways To Improve Your Score 1:04:49 | Final Reflections: Abundance, Growth & Breaking Cycles   ✅ Tap in, leave a 5-star review ⭐️⭐️⭐️⭐️⭐️ 🛡️ Get your free life insurance quote today – protect your legacy.     Keep Up With the Hosts David Bellard  https://instagram.com/david_bellard https://twitter.com/daviddagoliath_   Jalen Clark  https://instagram.com/_jclark06 https://twitter.com/jefeklap

Transcript

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0:00.0

I wake up, hit a hundred push-ups, then I'm at my route.

0:03.4

Check on my stocks.

0:04.4

See how they looking.

0:05.2

Then I'm sliding out.

0:24.4

When you start seeing your progression, you stop having doubts. And what's the point I have a clout if you can't cash it out? True to this game and I'm a life. I feel like we're fin to change the cycle. Azam with it. Wasam with it? wealthy people we back we back for another amazing installment of the Black Wealth Renaissance podcast.

0:30.4

It is your boy, David Bellard, one half of the Black Wolf Renaissance crew, and I'm here with my brother from another.

0:31.9

Jalen, wasan with you?

0:34.1

Whoa, whoa, whoa, wasam with it, my brother.

0:39.1

You know, I'm already here feeling blacktastic, feeling amazing, feeling i can't complain i'm here ready to pie ready to go let's get this thing started how you doing today

0:45.7

though bro man i'm doing fantastic as well bro you know uh while back you challenged me to go get checked on

0:51.5

and stuff like that so i wouldn't do that today man wait a minute a minute. You would go, yeah. Yeah, man. You know, it's men's wellness. Men's Wellness Month, Men's Health Month, whatever, whatever month it is. You know, it's a different month every month. Appreciate you, I appreciate you, man. Yeah. So, you know, brothers holding brothers accountable. That's what we're all about here at BWR. By the way, it's men's health month. So all things men health, mental health, physical health, gone. Yeah, yeah, yeah. But I want to get checked out. Everything looking cool, waiting on my blood work to come back. Started getting, you know, the process started for the knee. And recently I took up cycling. So I picked up a bike recently. That's one of the things I used to love doing as a kid, you know what I'm having bikes. But it's actually a good exercise for me. I hadn't been able to go to the gym like I wanted to these past few months because I can't really lift weights. So this actually gives me like a low impact type of workout that I can do and still be enjoyable where I'm not just standing on a stationary bike. I get to ride through Dallas and stuff. So it's been cool, man. It's been helping, you know, getting my exercise in, looking at the city. What's up, man? That's what's up, man. I definitely have a have a funny joke though the minute you say i've been

2:01.9

cycling i just pictured squidward in my head i'm like this thing of david ride right right like

2:06.4

squidward like squidward and ride this bit i'm squid word we're all squid word bro shut up talking to me

2:14.8

but no man um actually if you're in Dallas, I'm joining a bike club.

2:21.3

That's something that I did Saturday.

2:23.3

Yeah, shout out to our boy, Will Hagen's friend of the show.

2:27.3

He's been on an episode of the pod before.

2:29.3

Amazing event producer out here in Dallas has a festival coming up in November 4YOG Fest and they started a bike club so if y'all in Dallas the Dallas area definitely check them out I think their IG is at 4 YOG Fest but yeah check us out bike clubs stuff like that but how about you man what you've been up to how's life life lately it's been kind of. My thing that I've been kind of doing to get away, I've been going back fishing since the weather bin's good. So that's been pretty good. My mom them came out to you. Okay, that's what I am. This past weekend, too. So that was pretty cool. My wife, we got her family. They just moved in a whole camper up here.

3:10.3

We're getting ready for the baby, baby doing August.

3:12.6

So that's been kind of like my life, bro.

3:15.0

Just that, locking in on this, and then also finding this cybersecurity job, dog.

3:21.2

Yes, sir.

...

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