SFEPD SAP CE - 3.14.25

Summary

Highlights

• Participants shared stories about gifts and their personal impact, opening discussions on emotional vs. financial value. 🎁
• Kaylee Dunn's TV feature demonstrated how SFEPD programs are recognized nationwide, inspiring other students. 📺
• Panelists Dylan Ingram and Ethelbert Anam shared investment strategies, focusing on long-term gains and diversified portfolios. 🤑
• The discussion touched on the barriers and misconceptions about investing, emphasizing its accessibility to all. 🔓
• Interactive Q&A sessions with students highlighted active engagement and curiosity about financial topics. 🗣️

Key Takeaways

• SFEPD's meeting emphasized the importance of financial literacy and its impact on personal growth and community empowerment. 📚
• Participants shared heartwarming stories about gifts that held sentimental value, showcasing the balance between emotional and financial wealth. 🎁
• Kaylee Dunn was highlighted for her television appearance, illustrating the positive influence of financial education on young lives. 🌟
• Guest panelists provided valuable insights on investing, stressing patience and diversified portfolios for long-term growth. 💰
• The meeting underscored the significance of mentorship and community support in fostering financial independence and literacy. 👨‍🏫

Overview

Chapters

• 00:00 - 00:30: Introduction and Welcome The introduction begins with a greeting and an acknowledgment of the presence of student ambassadors, emphasizing the relevance of their participation despite many schools being on spring break. Una Daniels Edwards, the vice president of program management with SFPD, introduces herself and indicates a routine start to the session similar to previous meetings.
• 00:30 - 15:00: Participant Introductions and Special Gifts The chapter focuses on participant introductions during a meeting. The participants are asked to introduce themselves by stating their name, their university or college, and their role within the organization. They must also mention if they are a new or returning student ambassador and give a shoutout to their oversight professor. Additionally, each participant is prompted to share a special gift they received and who gave it to them.
• 15:00 - 25:00: Student Ambassador Highlight - Kaylee Dunn This chapter highlights a session involving volunteers discussing special gifts they have received. The example given is of the speaker's husband gifting her a treadmill, which she enjoys using, especially in bad weather. The atmosphere is one of sharing and personal anecdotes, with Miss Robertson also being prompted to contribute to the conversation.
• 25:00 - 35:00: SFPD Competitions and Activities The chapter 'SFPD Competitions and Activities' features a segment with Chelsea Robinson, located in Washington DC, who is affiliated with the University of the District of Columbia Community College, highlighting her return to student life. Additionally, she acknowledges her oversight professor, Mr. Albert Perisol. Chelsea expresses enthusiasm and gratitude for her involvement with SFPD, indicating it is her second experience with the organization.
• 35:00 - 45:00: Financial Education Presentations and Professional Development The chapter discusses the sentimental value of receiving gifts from parents, even if they are small gestures like flowers. The speaker reflects on the importance of cherishing moments and gifts from parents, especially when they are no longer around. This highlights the emotional impact and lasting memories that such gifts can create.
• 45:00 - 128:00: Guest Panel Discussion on Investing The chapter titled 'Guest Panel Discussion on Investing' features an introduction by Elijah Taylor, a senior and student ambassador at Del University. In his introduction, Elijah speaks about his oversight professor, Ashkash Da, and shares a personal anecdote about receiving daily affirmations in the form of Bible verses for his birthday. He emphasizes the importance of these affirmations in navigating the emotional highs and lows of life, highlighting his identity as a man of faith.

SFEPD SAP CE - 3.14.25 Transcription

• 00:00 - 00:30 okay good afternoon everyone I'm glad to see we have a number of student ambassadors on the call today because we know a lot of schools are out for spring break uh we're glad you could join us today uh we are going to start off like we usually do um we I didn't introduce myself I'm unaa Daniels Edwards vice president of program management with sfpd and again starting over again um as we always do we're going to start the
• 00:30 - 01:00 meeting with a question so the question today is what is a special gift you received and who gave it to you but before I get I start taking volunteers I want you to make sure you state your name your University or college and your role with the organization state if you're a new a returning student ambassador um give shout out to your oversight professor as well okay um so I
• 01:00 - 01:30 would like to start taking some volunteers now um what is a special gift that you received and who gave it to you you know I maybe I'll start it so my husband gave me a treadmill and I love it uh especially when the weather is not not good I can get my little exercise on so um I love my tread maill and it looks like Miss Robertson wants to say something so I'll let let
• 01:30 - 02:00 you go ahead see my face yes I can see your face you're anxious to share with us I about to raise my hand I the thing I'm so sorry yes I love he got you that though I'm I'm sorry um so yes my name is Chelsea Robinson I am um located in Washington DC my school is the University of District Columbia Community College um my oversight Professor is Mr Albert perisol shout out to him um also I am a return and student the bastard as well this is like my second that I've been with um sfd and I
• 02:00 - 02:30 would say a special gift is flowers that I got from my birthday from my mother um the reason why I say this because you know it ain't nothing like getting something from your parents and you know anything from your parents and when they not here on this Earth it's like you're going to think of those things so even though something small as flowers it didn't really matter it was something my mother did for me and I really had appre appreciate her giving it to me okay thank you thank you for sharing okay next
• 02:30 - 03:00 um I'll be able to go good afternoon everybody my name is Elijah Taylor I attend the I attend Del University I'm a senior I'm a new student ambassador um my oversight Professor oversight professor's name is ashkash da um a special gift I received was daily affirmations from um Bible verses for my birthday as a man of Faith um there's obviously highs and lows in life that I've encountered and I feel like there's different days I may need a different emotion that I'm feeling and having a Bible verse that retain that emotion is
• 03:00 - 03:30 kind of going to get me through my day so I read those often and um it gives me like inspiration and motivation to carry myself throughout my day no it's great oh that's awesome that is awesome thank you you're welcome next I'll go sorry my camera isn't on hi everyone I'm AA Johnson I attend Tuskegee University and I am a returning
• 03:30 - 04:00 student ambassador under Dr Wong and Dr Lee a special gift that I received so fun fact I miss Tuskegee and we have a Gaya every year and my friend got like all of my close friends and all my family members to record a audio and the message played during the Gayla and it was just so special and it's something I listen to whenever I'm feeling down or just need some inspiration to keep going
• 04:00 - 04:30 that's great I love these gifts are great had to be an item yeah who's next come on come on give me something call Nathaniel here from Harvard University you saw it
• 04:30 - 05:00 Mr Hill you there all right well while we're waiting on other volunteers I'll volunteer um uh Tiffany Murray uh managing director uh with sfd um I received a bookmark I don't know if you guys can see it I keep it on my desk uh and this is from my family and it says it's a it's a scripture so I'm similar to Mr Mr Taylor uh with the
• 05:00 - 05:30 Scriptures it says for I know the plans I have for you declares the Lord plans to prosper you and not to harm you plans to give you hope and a future uh and that's Jeremiah 2911 so I keep that on my desk as you know remembering uh you know why I'm doing this um and knowing that you know God called me to this W thank you thank you for sharing Dr Murray that too amen amen okay do we have any other
• 05:30 - 06:00 volunteers um I'll go sure thank you my name is Kennedy Lewis I go to Alabama A&M university and I'm a returning student ambassador my oversight Professor is Dr robani and I'm a sophomore a special gift that I received I think I got it when I was like in high school my mom got me this really big stuffed animal and she gave it to me right after my grandma passed away so it's like my comfort animal like take it
• 06:00 - 06:30 everywhere with me okay that's good all right everyone my name is beani Washington I attend benett college and my oversight Professor is professor mcneel and a special gift that I received was it is my life and my mother gave it to me and uh recently I've been watching a podcast about parenting and just realized how much of a gift that
• 06:30 - 07:00 her presence has been to me yeah that's great yeah that's great Mr Daniels what what about you oh I was just thinking you know um um I have three daughters and seven grandkids and they always give me gifts and it's hard to dis you know those special gifts but I just enjoy them all the time
• 07:00 - 07:30 you know and I just I think about um my parents a lot in the gift they gave me to um to strive and to um help others I saw them as they uh was raising us they've always helped people you know so I I see that as a gift that they transferred to me and my siblings and I'm very proud of of that gift nice okay thank you for sharing
• 07:30 - 08:00 we'll take what I will take one more student before we move on anyone else want to share I'll go okay thank you hello everyone my name is Kier Jackson I'm from D4 Valley State University I am a returning student ambassador um my oversight Professor is Miss chal shalisha Williams so shout out to her
• 08:00 - 08:30 and my special gift that I receive um I would say opening up my eyes this morning and you know of course the Lord you know bless me to experience another morning okay right always thank you so much yeah these are uh great gifts I love these gifts that you that you all have shared um this afternoon all right so we're gonna move on uh we're going to talk about we're going to do a one of your own um a
• 08:30 - 09:00 student ambassador highlight uh Kaylee dun from Alabama State University um sadad O'Brien is a reporter uh she used to work with NBC um and CNN and she found out about sfd and our student ambassador program and she wanted to do a story on it so uh the name of the story is called financial literacy lessons go beyond the classroom in the name of the show is called matter of fact with Cadet O'Brien
• 09:00 - 09:30 and I'm going to show a video of Kaye dun and on the sppd student student what about the student ambassador program every business needs to answer one basic question why do we win and lose unfortunately the in 2021 the median wealth of a black household was
• 09:30 - 10:00 $4,525 th400 the nonprofit is addressing the racial wealth Gap headon it's a systemic and chronic problem the society for financial education and professional development has launched financial literacy programs at churches and businesses and colleges across the country our correspondent Diane Roberts takes us to Alabama State University one of the many historically black colleges
• 10:00 - 10:30 and universities offering its ambassador program to see how it's not just helping students but their families and their friends I'll be seeing you with them little dollars I'm going teach you how to keep them be right back Kaylee Dunn is always on the Move sharing her financial knowledge today with kids in The Duchess divas and jents after school program in Montgomery Alabama thank you guys so much for coming and college students at a meeting of the women and Finance Club a club she founded at
• 10:30 - 11:00 Alabama State University what is it about finance that gives you a fire cuz you have a passion for it the truth of it is that finances and money budgets are kind of at the base of a lot of decisions and a lot of things that happen in our country and in the world and no one in your family has this interest no my entire family is um medical based so they've all been in the medical field my brother's actually at medical school right now but I was the Lone Wolf Kaylee a junior finance major
• 11:00 - 11:30 is a student ambassador with the Student Financial education and professional development program or sfd the program is the brainchild of retired financial adviser Ted Daniels sfd is in 70 HBCU around the country and requires its student ambassadors to share what they're learning about financial literacy with friends family and the
• 11:30 - 12:00 community you can see there's a clear disparity between African-Americans and white households in the amount that they invest in amount they're making for themselves in 2019 only 34% of black American households owned Equity Investments compared to 61% of white households hearing information like that encouraged kayle's friend Lauren Evans to take action since I've heard her presentation I have reached out to an adviser and I've started investing
• 12:00 - 12:30 student ambassadors share tips like how to acquire a credit card diversify and build an Investment Portfolio and accumulate funds for retirement I want a house I want a family and also want my kids to be able to pursue their education without having Financial worries even kayle's father had something to learn and he did in a big way increasing his credit score more than 200 points I didn't want to listen until she said you I'm going to give it
• 12:30 - 13:00 to you you do what you want with it and so guess what it changed my score from I don't know 630 to 8:30 something my my credit score is 8:30 have you ever thought about your finances your assets and passing them on to the next Generation we haven't actually sat down as a family to go through all of that that's the next step of what Kayla has provided the stepping stone on to doing
• 13:00 - 13:30 those things that we need to do which my dad didn't do for me his grandfather didn't do for him we focus on financial companies we can't allow ourselves to let the kids not teach us we have to learn as well and that's what happen with a lot of times with the with our African-American families we think that we know what we supposed to know but we don't seeing that I could help my dad the person one of the people I love the most in the world it's amazing Kaylee
• 13:30 - 14:00 providing a stepping stone for not just older Generations but future ones too I'll probably get the Oculus okay so you're at $200 now oh so you see there how like when you're deciding what you want to pick you have to determine what you care about and what you really want to spend money on in Montgomery Alabama for matter of fact I'm Diane Roberts
• 14:00 - 14:30 okay that's great yeah one of your own being uh featured Nationwide that was aired around the country on the on the 22nd and 23rd of February you know so we were very proud see plus want to show it show it to you so you have an idea of the type of work that you're all doing and how it's being recognized yeah kayle's on Kaylee you want to chat or you want to share yeah I your name okay yes I am hi everyone um thank you guys so much for because of sfpd they wanted to do the story in the
• 14:30 - 15:00 first place um so I'm glad that I was able to like kind of highlight that and I'm also wondering if I could get that presentation as my family and friends oh wait a minute did you record it they recorded it okay get get the copy and upload it okay okay very good now you having difficulty we'll send you the link you know we're excited about it you know yeah and thank you very much and thank your parents you know for participating in the
• 15:00 - 15:30 program it's good of course thank you guys yes hold on one second guys oh why we wait can we give Kaya a round of applause yay
• 15:30 - 16:00 nice give me a second I Dr Mary you may have to take over because sure sure well let me just let me just chat about Miss kayy um so that stem from of course watching uh those videos uh that that you guys submit um and we'll talk a little bit more about that uh further in the uh conversation but um she did a wonderful job with her friends um she was very uh you know adamant about the information that she was sharing and her friends were into it um and so that stem into uh asking her to present at the
• 16:00 - 16:30 conference where she did an excellent job um and so you know we're we're watching you guys as well um and when we see that you guys do great things we want to you know share that with the world and so we thank Kaylee um and and all of our great student ambassadors we've got some pictures to share of the great work that you guys are doing on your on your respective campuses um and in the community so don't feel like what you're doing is not helping every little bit helps and we just greatly appreciate you guys that's right yes right okay
• 16:30 - 17:00 thank you Dr Murray I think I have it back up and running now uh we're going to move on to our sfpd competitions all right right now we have going on is our above and beyond and Dr marel let you go ahead and sure talk about above and beyond awesome so you guys have seen my emails that come out each Monday uh We've started above and beyond for this semester we want to thank you guys for joining us on band um you guys get a chance to see the prompts that are input uh the last one uh was for the poll and
• 17:00 - 17:30 these are the prizes that you guys selected uh for the top three prizes so we've got an Apple Watch uh a touchscreen laptop and an Apple iPad um and so of course you know I send out my emails uh it goes by the number of points so whoever has the most points uh will get to the opportunity to select what they want then the next person will select what they want um so we'll have the top three then of course we'll do the next top three will win uh a $50
• 17:30 - 18:00 gift card um and then we'll have a threshold cut off uh where we will probably select another 10 or 15 or so um but we'll keep you guys posted um again through my through my weekly emails to let you guys know what opportunities are available so speaking of uh I share with you guys every week about the the band uh post uh we also have social media opportunities we have our quarterly talk with Ted coming up uh uh uh Thursday March the 27th so be on
• 18:00 - 18:30 the lookout for additional details uh regarding uh that opportunity uh Mr Daniels will be speaking with two individuals on economic crimes uh so it'll be a great uh opportunity to learn a bit of information um so I'll share information about that we also have uh coaching sessions available so uh we have a great set of students uh student ambassadors who've taken it to that next level they've gotten training uh to prepare to uh assist their peers uh with
• 18:30 - 19:00 uh Financial education on credit and debt management creating a spending plan and student loan management so uh we offered this to you guys but if you guys want to share with your friends as well that'd be great um you can get five points for that and again uh just be on the lookout for my email we are also gearing up and preparing for financial literacy week uh that will be August the 15th through the 17th uh so for the returning student ambassadors you guys are well aware of uh kind of what to expect uh but we'll we'll again share
• 19:00 - 19:30 additional information uh via email I just wanted to let you guys know that the the theme for uh financial literacy week is Building Wealth learn plan and prosper um and so we will have uh of course as we do uh each semester uh we'll have the opportunity to do videos so right now uh there's an opportunity to gather uh Five Points towards your Above and Beyond credit um so if you are interested in doing a video of course we
• 19:30 - 20:00 provide the scripts for you guys uh please type your name in the chat right now uh and and so that we can reach out to you guys uh over the next couple of weeks so if you guys are interested in videos um enter your name into the chat um and we will uh follow up with you guys uh thank you Mr Taylor I see that um and and you guys keep it going but we'll follow up with you guys uh regarding again additional opportunities uh we'll also have the most active student ambassador prize um and so we'll
• 20:00 - 20:30 be giving away a $25 Chick-fil-A gift card uh and we just ask you and encourage you guys to like the post to share tag your friends on the giveaway post comment when you can um and the most active student ambassador will get a prize um so we're excited about financial literacy week we'll of course give you more details um as as time progresses um but just keep your eye out on my email so we can uh let you know more about that awesome
• 20:30 - 21:00 okay uh as a reminder uh we want to uh let you guys know of the things that you know we guys that we have for you guys um thank you all for joining this meeting today our last meeting for the semester uh will be April Friday April the 11th um again for those of you guys who can't make the trainings we understand that if you have class or if you have uh to work um you can still get credit we just ask that you review the recording and write a throw roll onepage
• 21:00 - 21:30 summary and turn that in by April the 25th if you have any questions don't hesitate to reach out to us or reach out to your oversight Professor um if you um if you need to discuss anything regarding attendance um and so again for those I know I've mentioned it to you make sure you have your first and your last name so that you get credit for participating today all right uh and and we're rolling so we can get to our guest speakers um but we also want to um chat about the February boothing so we had some great
• 21:30 - 22:00 uh participation there and we had some great pictures uh that were uploaded to Blackboard uh we thank you guys for those and we just want to highlight you know some of the ones that we saw so I'm Sorry Miss un can you go back just want to highlight the schools all right we've got Alabama A&M university Benedict College uh thank you guys did a great job um and and we ask you guys to do this because a lot of students have shared not a lot of people know about me on my campus okay well this is an opportunity uh to to share with others
• 22:00 - 22:30 um you know what you guys do the information that we provide the swag all those things uh we've got Gremlin State University Hampton University there uh Southern A&M uh Southern University and A&M college and Talladega College uh Tusk University and UDC you saw Chelsea there who's on at the top of the meeting and Chelsea I don't know if she was able to come back but Chelsea they had popcorn did you guys see
• 22:30 - 23:00 that kudos to you guys for pulling that off all right we've got Howard University and Miles College they were giving out chips want to come to your booth all right and then I think finally we have Winston Salem State University so again kudos to all of the and we got more pictures um but we just wanted to highlight um you know some of the schools that um provided pictures for so again thank you guys so much uh for
• 23:00 - 23:30 sharing this information with your peers all right uh regarding the financial education presentations like you guys saw uh that was Kaylee doing her she did a uh friends and family in person um but we do ask that you guys do one uh presentation to your friends and family um you can do it via Zoom you can also record it um but we have those um those uh instructions in Blackboard or it's in your training manual so if you have questions don't hesitate to uh reach out to us um we also ask that our
• 23:30 - 24:00 new essays do the two on campus uh in one community and that our returning uh student ambassadors do three on campus and one Community as a reminder and I'm going to pull up Blackboard shortly um don't forget to work with your oversight professors to book your sessions um practice with your oversight professors practice with your peers um if if you guys were called uh you guys were on band um The Returning student ambassador uh shared with the new student
• 24:00 - 24:30 ambassadors to not forget uh to review your PowerPoints before you go out and make a presentation okay um it's helpful to have examples to um you know share your personal experience if you can if it relates to the PowerPoint but being prepared um is very very helpful don't forget to give yourself enough time to get the pre and the post surveys that information is helpful for us to share with our sponsors um to show the great work that you're doing and the learning um that is taking place uh in in those presentations um we do have speaker
• 24:30 - 25:00 notes in each of the Powerpoints and I know we kind of share this every meeting but we just want to make sure uh we we uh remind you guys that there are speaker notes right so you don't have to go on a whim you don't have to make up anything everything is already there don't forget to wear your Polo and some nice slacks and some nice shoes okay all of those will be due by the end of uh April uh end of April uh April the 25th and you'll work with your oversight professors to turn in the requirement or
• 25:00 - 25:30 the required items uh for Blackboard professional development don't forget your training manual quiz thanks to those who already got it done um it's due March the 17th so that's Monday uh by end of day I'll send out one more email as a reminder um but don't forget to get your training manual quiz done okay this is these are easy points right we just want to make sure uh you have understanding of the things that are being asked of you um so before we we get to our guest speakers I just want to show you guys uh how to get to your
• 25:30 - 26:00 financial education presentations okay just want to make sure uh everybody's on the same page we don't want to make any assumptions we know that videos are in your training manual videos are in Blackboard uh but we just want to make sure that you guys uh know how to get to your um know how to get to your PowerPoints so miss o if you don't mind I will share my screen
• 26:00 - 26:30 okay so what you're going to do is when you log into uh Blackboard you should be able to see this little rightand menu so you've got courses um and and this is just the administrate administration view um but you've got courses and you've got organizations okay so get to get to your uh Financial education presentations uh we're going to go to organizations and then go to the portal Okay so we've got
• 26:30 - 27:00 a few things there and oh as a reminder those who are participating in the stock market competition don't forget to send your information to jeremiah. Washington at sd.org but um so we've got the financial education presentations here above and beyond and it's a few other helpful items here so you'll click on uh Financial education presentations okay then you're going to go to the folder that represents your partner okay so this is uh the present presentations by partner logos so you'll click on that
• 27:00 - 27:30 folder okay and so we've got it again okay so you just find on the chart where you are um and and you should be listed here so we got morous Morgan Morgan State North Carolina & so all of the institutions are listed here okay so then you will go into your folder okay so let's uh let's select more house okay so each presentation is listed here okay so the next thing you're going to do is just click on it
• 27:30 - 28:00 and then what'll happen is you will open it right okay so as you see you guys see the Powerpoints um you also see um you know the logos that are there for their respective uh campus all of the speaker notes are here um and again you've got your pre and your post um and everything is there okay so are there any questions regarding getting to your PowerPoints on
• 28:00 - 28:30 blackboard okay any questions all right excellent if you do um don't hesitate again to reach out sorry somebody have a question question yeah there was a question go ahead
• 28:30 - 29:00 okay you can ask it also in the chat if you need to right all right if there are no if there are no more questions uh we are going to move forward to our guest panel uh we
• 29:00 - 29:30 are so excited uh and let me make sure we've got uh we got everybody before I make that introduction uh I see Mr Mr John Moses is here uh checking in on Dylan yep he's here see and then uh I didn't see okay perfect okay we've got everybody awesome all right so we've got a panel today that they're going to discuss uh a variety of things but uh
• 29:30 - 30:00 primarily uh with investing uh Our Guest moderator today is Mr John Moses he's the deputy director uh in the SEC office of investor education and advocacy uh Mr Moses is a US Navy veteran uh he earned his undergrad and graduate degrees at Stanford University uh and his MBA at Harvard Business School um Mr Moses previously worked in the office of the chairman and began his SEC Service as
• 30:00 - 30:30 deputy director in the office of minority and women inclusion all right we also uh he's going to be the moderator we have uh two guest panelists uh we have Mr Dylan ingr who is a co-founder of first generation investors uh this is a nonprofit that teaches high school students about long-term investing um since its founding uh fgi has impacted over 3,000 students hired full-time staff and partner with uh leading financial institutions to drive its growth uh Mr
• 30:30 - 31:00 Ingman uh co-founded fgi as a freshman at Wharton uh alongside his brother Alex and his friend Cole and we'll we'll get a chance to pin them once we get them in uh we also have as a guest panelist Mr Ebert Anam uh you guys know him very well he is passionate about financial literacy uh and so so much so he uh founded invest with Bert this is a social media platform that has
• 31:00 - 31:30 reached over 400,000 people Nationwide um his mission is clear and transformative to dis demystify investing and dismantle the educational barriers that make financial markets intimidating particularly for black communities um he's a driven student with a bachelor's degree in finance and Banking and he's currently pursuing his MBA at Talladega College and of course you guys know him he's our student assistant so I will turn it over over to Mr John Moses uh please uh take take the
• 31:30 - 32:00 floor you're on mute Mr Moses can't can't hear you yet you're still on mute oh now I can you how about now I'm
• 32:00 - 32:30 feeling good now yes you're good now so um we had a big computer reset and so we got to stay flexible so we're we're good Dr Murray right you can hear me fine okay awesome uh thank you so much Dr Murray hello again Mr Daniels Miss una so good to see you so good to be a part of this event and I feel like there's a little bit of a bait and switch because I was thought I was just here to get my points I'm trying to get after that Chick-fil-A card and um and and so but we can we can keep
• 32:30 - 33:00 talking about investing too the but that was like actually like what I was telling myself the real reason I'm here is I'm trying to get an autograph from Kaylee so that was an amazing feature uh well done um that is just so so fantastic what a what a what a great piece uh uh for you Kaye for sfd and and to feature your school and friends um I I think a lot of great things are going to come out of that hopefully you keep that see in this digital world we can lose things sometimes you got to like pull that down put it in a special
• 33:00 - 33:30 folder be able to access it with uh you know show your kids show your grandkids um that was very cool so um I'm John I am with the Securities and Exchange Commission and we are going to be talking about first generation investors and we're talking really specifically about investing I know there's so much that sfpd covers from the professional development side and careers and we might touch on that and I think our guest panelists are inspir ation in that regard but we're going to touch on that
• 33:30 - 34:00 we might even touch on some of the other things uh that go into Financial capability but I really want us to focus for the the time of this conversation just on investing how can we use money to make money right so we're not trying to just get out of a problem like we might do uh when we are uh paying down debt we're not just trying to build up an emergency fund even though both those things are so important we want to have a an emergency fund so we can be resilient that's also required but it's
• 34:00 - 34:30 not just about resilience it's also about reaching for opportunities reaching frankly for wealth and investing is uh a way the primary way depending on how broadly you define it the only way uh to to achieve that and that's maybe one of the lenses that we're going to use as we have this discussion um so really quickly I should say I am uh an employee of the US Securities and Exchange Commission but the views I share are my own and not
• 34:30 - 35:00 necessarily the views of the commission or my uh the Commissioners or my fellow staff it should be super clear as we go along that obviously these are not sanctioned by some government agency everything I say um but I I I am speaking uh on my my own accord um but enough about me I think you heard some great stuff about uh Dylan and um and ethelbert we're going to really dive into uh the work that they're doing for first generation investors maybe we could just start really quickly uh with
• 35:00 - 35:30 Dylan if you could tell us a little bit more about your background um about fgi Dylan and also just a little bit we're gonna come back to it but just a little bit about what you're doing now because fgi is not the only thing you're doing so tell us about about fgi and how you how you got it going well thank you uh Mr Moses and see it's not just me now you're muted oh am I no I'm good yes John can you hear me might be so for
• 35:30 - 36:00 what it's worth this reset for me when I logged in so I had to click on audio and then select a microphone apparently I have six choices of microphone I don't know how many up here for you we can hear you we can hear you um let see we can um we can why don't we do this we'll let you uh see if you can can select that and uh we'll we'll go over and first so I'm so embarrassed but e
• 36:00 - 36:30 ethelbert do we go by that do I know it's I know it's invest with Bert and so I wanna I want to go there with Bert but um ethelbert maybe you can tell us a little bit about um about your background I think people know the basics but your your backgrounds oh you can hear him yeah I can't hear him it sounds like yeah wow continue Dylan this is we're just slaying it here I'm sorry all good yeah so some for some personal background I grew up in New Jersey I studied finance and Entrepreneurship
• 36:30 - 37:00 uh in Wharton undergrad at upen um where I graduated in 2022 um it was when I was a freshman I co-founded first generation investors uh with my older brother who was a senior in college at the time and my friend um Cole Maddox who was also a freshman um so very high level we teach Title One and Charter High School students about long-term investing and provide them with real money to invest to begin saving for retirement uh beginning at a young age we emphasized the importance of diversification and just putting away a little bit time to really think long term we highlight the power of compound
• 37:00 - 37:30 interest uh which is really an incredible thing but yeah so I started three of us teaching three kids in Philadelphia and it went really well so we started expanding nationally um at this point now we have you know full-time staff uh couple hundred College volunteers actively teaching the content and have impacted over 3,000 high school students to date and have done a lot of really cool exciting Partnerships that I can touch on a little later on um to really just fuel the growth so yeah I'm excited to be here thank you John the SEC um and sfpd
• 37:30 - 38:00 for putting this together um and I I love what you guys are doing as well I think there's also a lot of synergies and Alignment in our missions and values here so I want to thank all of you for being so gracious right so part of part of investing is I was talking about resilience earlier so I'm just going to flow like that audio tech issue just never even happened you guys are going to flow with me um that was was fantastic and can you just tell us really quickly if did you hit on this what what is your what is your day job when you're not doing supporting fgi what are you what are you what are you
• 38:00 - 38:30 doing did you already hit on that uh so I did not I'm actually so right now as I mentioned yeah we have full-time staff for fgi um we're all still very involved at the board level um so I do probably a couple hours work a day for fgi still um but I'm actually building a startup right now in the legal Tech space um helping you know plaintiffs unlock Capital you know for typically legal expenses can be uh really you know they can really pile up so I'm building a software to make it easier for people to get access um to third party liation funders so um they can offset some of
• 38:30 - 39:00 those costs um yeah so been building that had the idea year and a half ago and I've just been building it kind of one step at a time talking to a bunch of attorneys funders and um yeah that's kind of a bit of my my focus and day job and startup right now that's that's great could I could people just raise their hand real quick if they're interested in the law as a potential profession you don't have to decided for for sure but just throw a thumbs up or something like that if anybody's interested in law so we have a sense of how many of the 90 or so of you online might be interested in that is that uh some PE
• 39:00 - 39:30 people interested okay great um so now really for Ethel bir so tell us a little bit more about invest with uh invest with bird and and how you got so excited about this space Oh yeah perfect so hello everybody my name is e branam you all may know me as the student assistant but I'm also the founder of invest with Bert I started back in May 2022 it first started because I was just you really talk on my family a lot about investing I learned so much about it then I feel
• 39:30 - 40:00 like my family got tired of hearing me just lectur them every single day about it so I thought to myself I should create a platform online I knew a lot of my friends use social media like Instagram Tik Tok and YouTube so I decided to stop lecturing them and start lecturing online and make uh producing these videos on Instagram and Tik Tok so that's kind of that's how I started invest with b and I began to Branch out into my local community speaking with different organizations whether it's um young adults or High School so like recently I spoke at my high school's investment Club so I'm I'm
• 40:00 - 40:30 starting a relationship with them to continue to have different speaking engagements and opportunities for the high school students to learn about investing so that's basically essentially what investor bird is that is fantastic I I just think it's so incredible that the the two of you are are each building something um that is meant to support others and and create opportunity that is that is really great so maybe just sticking with you for a second Eber why did you you decide to focus on investing as opposed to any
• 40:30 - 41:00 other portion of um of of financial capability right you should have been you you could have been how do we get out of debt you could have been how do we improve our credit score but you focused on investing what about investing in particular made it feel like the right fit for your uh for your Endeavor absolutely so coming out of high school I apply for a lot of scholarships so I had a lot good chunk of money stored away in my savings account and every every year I look at my savings account I get a pay here a dollar here and it just didn't make sense to me cuz you know as a kid
• 41:00 - 41:30 everybody grown up they want to be rich want to have a lot of money and I felt like having all my money to Savers account would it wasn't going to get me to my my dream house my dream car and things of that sort so I started doing research on different ways that people have generated wealth and I came across different individuals like Warren Buffett and then when I saw that the amount of zeros next to his name I just fell in love with that so that's really why I started to try to understand what's investing what's long-term investing and all these different terms that Rel that relate to investing and understand the foundational way to invest not like
• 41:30 - 42:00 the more so speculative or risky way cuz I like my M I don't want to lose it so I made sure that I went to the source of the people that are actually have been resilient over decades and kept their wealth and passed down their wealth so that's why I stuck with the investing category that's that that's great and so did you begin your investing Journey as uh towards the end of high school the beginning of college is that about the right I started July 2019 so that's like my summer before I started college okay
• 42:00 - 42:30 okay great that is uh that's that's really inspirational I see you've stayed in the field you're getting an NBA that is um uh that that is great to hear uh what about you Dylan maybe you could tell us a little bit more about your background when did you start investing and how did that lead into did you did you already cover this did you cover your first I'm sorry I missed the the intro did you cover your first yeah yes so I got a it very early on I started learning about it I actually um you know my dad would just teach me about it uh one step at a time when I was very
• 42:30 - 43:00 little he would always have CNBC on in the kitchen and um you explain everything in very basic terms of how you can own anyone can own a piece of a company um and I remember actually I bought I invested for the first time I bought one share of Verizon and one share of Qualcomm in fourth grade for about 20 and $30 each so with all the money I'd saved up doing chores and everything of that sort um because this is when there were rumors that um apple or sorry would get the iPhone because it was only offered um at Yeah by AT&T at
• 43:00 - 43:30 the time so I you know made that bet did pretty well and that's what initially hooked me um and then you know started doing a little bit of investing on my own and realized it's not all UPS all the time so that also I learned kind of through that about the importance of diversifying and just putting away a little bit at a time for the long term um yeah I really fell in love with it at an early age and I've always been um always been into it that's great so I uh so my my parents were not um investors when I was a kid
• 43:30 - 44:00 but I just through um you know through TV I also watched CNBC when I was a when I was a kid um just got sort of into it myself and I asked my parents to to sort of help me and I sort of dragged them along on this journey um as I got I got a little older I like to share with people that at least two but maybe all three of my very first Investments went to zero um so this was not like an awes supicious start to my investing career but much like with my
• 44:00 - 44:30 my tech problems earlier I uh I I stayed I stayed strong I kept at it and I got better results uh over time and it and it all worked out great although I wish um I had first started with the same uh choices that you made uh Dylan I also I guess want to note that it makes me feel pretty old that you were in elementary school when Verizon first got access to the iPhone I'm gonna I'm gonna noodle on that later um but that is yeah yeah that is that is really something um so uh
• 44:30 - 45:00 great tell us a a little bit more about like just this idea of first generation investors Dylan so you mentioned that it's something you learned about from your dad just a little bit at at a time what did that mean for you as as a kid and what problem like maybe even at a as terms of an example or or a theme what are you trying to solve with your nonprofit for folks that didn't have access to a parent who was already an investor yeah so investing is really
• 45:00 - 45:30 something that everyone should really do obviously the market has the ups and downs um but over time if you're putting away a little bit it can really compound for retirement um as opposed to just you know saving it or putting in a savings account um that grows sometimes lower than inflation um yeah I mean this is something that's not investing is not taught in school and you know across most of the country so it's really only passed down through generations if someone happen to have exposure outside of school then they'll teach it you know
• 45:30 - 46:00 to their kids and over the years you know if you put away a little bit it can really compound um so if you're looking at a 40 50y year span you know starting as a kid through retirement let's say you're making about seven 7even eight% compounding looking at the S&P over the 50 years that's a massive difference compared to just putting away a little bit in your savings account um and then if you look at you know you teach that to your kid and then you're looking at now generational over the course of up to a hundred years um the difference between just putting away a little bit at a time versus not uh can be gigantic
• 46:00 - 46:30 so you know this is something that is not taught in school you know mostly around the country and uh my co-founder Cole my brother Alex and I um all like saw this and wanted to just you know spread this education increase access to you know learning about uh long-term investing because it's really anyone any it's something that anyone of any profession can do as well you don't have to be interested in finance um anyone of any profession you know as I start making money After High School can just put away a little bit at a time so the goal here is to um you know get everyone
• 46:30 - 47:00 out there exposed to long-term investing and also just help Kickstart their investment accounts uh so we you know grant our students $100 to invest um so it's a little bit just to break that inura barrier so they've you know learned about the stock market they've applied it they do their Capstone portfolio presentation then they get a little bit invested and now they have an account so it's very easy for them to just keep putting away a little bit um out of time over the years and then of course you know teach that to their kids we've had a lot of students said they went home and taught it to their parents as well um so that's really the goal
• 47:00 - 47:30 here is to in you know increase the access to this education across the country that is um that that's great I want to come back to that uh that $100 and the the meaning of that and how that sort of fits in uh to to to what you're building at fgi in a second but yeah that that was my experience right so I learned a little bit about this and I I tried to teach my parents about it um and and they did start investing and since I'm old and stuff um you know this it's been fascinating to see how this has borne fruit like so my my father passed away but my mom um you know she's
• 47:30 - 48:00 got their retirement account right and she's living well um you know partly because of making these Investments you know decades ago and she's able to you know control her own destiny decide what she wants to do maybe throw a few pennies her grandson's way which I certainly appreciate um and um that is uh you you know this this intergenerational whichever way you're going element of it I think is is extremely extremely powerful
• 48:00 - 48:30 um also it's a lot easier you mentioned you talked about it being easier in terms of they're talking about being sort of something anybody can access right but because of technology and competition you know so many things now we can do with our phone thanks to Verizon and Qualcomm Etc we can do with our phone um in a way that wasn't possible for my very first failed stock Investments I had to like find somebody and go to their office and like the guy like agreed to meet with me across from
• 48:30 - 49:00 his desk and he had this you know computer the size of my office now and that was you know that's how we I transacted and purchased my very first share of course that the barriers to investing are so much lower now um but there are still some barriers um ethelbert I wondered if you could talk a little bit about like either the barriers that you see people encountering in your work as you spread this message or the uh misconception that people have about maybe barriers that that used to exist but don't
• 49:00 - 49:30 anymore what are what are some of the misconceptions you see um when you're trying to connect with people about the the power of investing so I think um one of the biggest misconceptions that I've seen in recent years and days actually is the idea that you have to purchase Common Stocks or risky stocks to build great or speed up your your Investment Portfolio in addition to even stocks you have cryptocurrencies and things of that sort I think that is a misconception because I've everything under the sun when it comes to the stock market I've
• 49:30 - 50:00 done I've traded Futures options day traded all of that and I've lost money so when I compare it to how much I've done what I've done with those derivative strategies compared it to long-term investing the returns are it's quite easily to see right so what I've seen is that a lot of beginner investors especially first generation investors they feel like they had to rush the process they feel like they had to get rich tomorrow but what I've noticed is that the quicker you try to build wealth is the quicker you lose it most people that have get $1,000 do in one day or in
• 50:00 - 50:30 five minutes right they're quicker to spend it immediately and look for new ways to get a new common stock to buy that's going to help them flip their money overnight again right so I feel like that is an idea that I really strive to push to make people understand that you don't have to rush the process nobody that has true wealth did it in a year did it in five years it would take 5 10 15 20 years and it's okay because people believe that if they don't get it in a year in 20 years that's too long
• 50:30 - 51:00 but then what I I pose the question is that if you had to wait 30 years to get to a million dollars you can wait right but if you decide not to invest and in 30 years you have nothing it's like it's it's an uneven exchange right so I like to push the idea that it's okay to take time to build wealth investing takes time and it's not going to happen overnight well I think we should just end right there I'm I'm blown away I I absolutely love that eth thank you so so much I'm taking notes to to share let me stop ly I was going to say to share with
• 51:00 - 51:30 people in my life I'm writing that for me note to self um that is so important uh the the quicker you try to build it the faster you can lose it don't rush I think that's so uh so meaningful so important I noticed this with novice investors right it's all about finding the perfect investment right and then being disappointed if there is some other asset or you know for example a stock that they might have invested in that is getting a lot press and doubled or went up 10x in the in the course of
• 51:30 - 52:00 of a certain period of time well then I feel like I'm a failure if I didn't happen to to grab that one needle in the hay stack never mind by the way that we sto paying attention when that same volatile security that volatile investment falls off by 50 or 70 or 98% right we stopped paying attention then and we just focus on having missed the upside because we start telling ourselves stories like well I would have gotten it I would have realized when the peak was and I would have sold out um right and and of course that's that's uh in all likelihood not true that's a
• 52:00 - 52:30 that's a delusion that that we would have been able to time that so I absolutely love that point the other point that you're you're making that I love is just this idea of getting rich slowly right and and it's not about um you know being as active as possible and maybe it is about not confusing activity with progress right just because we did something doesn't mean we're actually getting close closer to our goal a lot of the time it can be about making fewer better decisions and
• 52:30 - 53:00 those might be simple asset allocation decisions or automation decisions like I'm going to invest X perent of my income and increase that percentage every time I get a raise or every time I improve my budget by reducing expenses and this is where you know debt management and emergency funds and income can all sort of pour into this opportunity of investing but again they and of themselves are probably not the
• 53:00 - 53:30 the sort of wealth maximizing action but they are tools to maximize your wealth through uh investing using some of the principles you principles you talked about um what what what about you Dylan are there misconceptions that that you've come across either in your sort of investing career through uh first generation investors or or just uh your your your life experience so far what are what are people wrong about when they're think a couple things for misconceptions one is that you know when
• 53:30 - 54:00 we teach a lot of the students this uh one of the big pieces of feedback we hear is uh they say I I used to think that investing was really complicated or investing was only for the rich I think that's a big misconception really investing is for anyone and you can start with any little any tiny bit amount of money um it's very easy now John as you mentioned about how the buried entry has really decreased you can do it on you know any of these apps that are free to use so I think yeah the biggest Mis conception now is that um it's really hard to start because anyone can start at any point and the earlier
• 54:00 - 54:30 you start uh the better and then also to one of the other points from earlier a big misconception is that if you trade you can get rich quick it's very difficult to out to beat the market and a lot of people want to take those risks and they'll typically only hear the rare success stories but for the most part if you try to beat the market it's or trade it's going to be very difficult and that's why we for fgi teach the importance of diversification not not trying to you know pick individual companies um but just put away a little
• 54:30 - 55:00 bit in the market whether it's in different mutual funds index funds ETFs being it for the long term um another one is like you can't you really can't predict the world you know world events uh and the market one example when we cover volatility in our lessons is um I remember Zion Williamson was playing live and he split his Nike shoe on TV and Nike stock plummeted uh the next day cuz you know everyone was watching and that was really bad for the brand and no matter how much analysis you did no matter how much of an expert you were in finance you wouldn't be able to predict
• 55:00 - 55:30 that that would happen um so you know just you're not going to be able to beat the market anyone can do it but just be patient put away a little bit at a time um and it really uh compounds over the years I love that is there a statistic either Dylan or or ethir that you guys like to share with folks you gave some examples of you know seven or eight or nine% returns over decades is there you know a a statistic a fact a you know sort of anecdote that you all like to share with with new investors or people who didn't grow up with investing in their family maybe are the first in
• 55:30 - 56:00 their family to go to college and get exposed you know one of the things college does for us right exposes us to lots of different people from lots of different backgrounds some of them might might be um you know from families that invested you didn't have those experiences is there like a touch point that either of you like to to reference um yes I have one touch point so for example we create a Roth IRA that's the Roth individual retirement account and you set aside around $580 per month in it and you invest into the overall stock market that gives you like
• 56:00 - 56:30 the annualized return rate as Dylan said around 7 to 8% if you do this on a monthly basis over a 30 35 year period of investing in this retirement account in your retirement years you have a million dollars that has compound and grown over time so most people think you need invest $10,000 every single day to get to a million dollars but over this period you've invested $120,000 and he has grown to a million dollar in retirement and with a vehicle like a Roth IRA it has tax advantages so
• 56:30 - 57:00 you actually have a taxfree million dollars in retirement years if I was retired and had a million dollars taxfree I'd be quite happy right so that's a very important figure that I like to tell people to make it s make it more realistic make it more understandable that yes you can actually be a millionaire and it does not take a a million dollars to make a million dollars basically I I I love that one of these other if uh maybe we'll I I didn't preview this with you uh gentlemen but if there's a book that comes to mind feel free to share it I'll share a book
• 57:00 - 57:30 um that that I've used in my or that was inspirational to to me um so you know I mentioned in like Elementary School I got started small I did make some better Investments besides those first three um they said buy what you know and so I bought Tonka toys stock that was one of my stocks one of the three that went bust this did not work out well um but there were there were other ones that that did and some of them I still have and it's it's amazing like literally literally my few dollars is and each of those is thousands of dollars um now for
• 57:30 - 58:00 the the ones that I've held um but there was a book I read I read The Millionaire Next Door um which I think has been reprinted and the the the author of that I think his one of the authors his daughter I think it sort of continued on with that but I read that book and I was like there's a lot of ways to be a millionaire uh and uh Dr Murray if you don't mind I'm going to assign the group here I don't know if they can get extra points I'll I'll I'll pitch in a um an extra uh Chick-fil-A gift card if this is useful do Dr Murray um but I still
• 58:00 - 58:30 want to earn mine I don't know how many points I need for that I'll just buy an additional one um if somebody wouldn't mind just researching um really quickly how um thank you thank you Ramona from H how many American households have a net worth of $1 million or more I'm very curious what numbers people come up with how many American households have a net worth of $1 million or more I'm just CU you want somebody to Google that right now yeah would would somebody like volunteer okay somebody's Googling that
• 58:30 - 59:00 and the winner is going to get a Chick-fil-A gift card is that what yeah I got the answer who's that is that Chelsea yeah it's me I got a 5.8% it said approximately 5.8 of American households have a net worth of $1 million a war this means that out of roughly 120 million households in the country around 7.4 million have reached this level of wealth well and and you're you're in UD at UDC so I might have to hand deliver this but
• 59:00 - 59:30 I'll I'll venmo or whatever Dr Murray that is fantastic we'll get we'll you a c job Chelsea so uh everybody there's you know different ways to sort of slice and dice this data but I encourage you to um you know look at information like that so so eth had me thinking about this right it's it's not that it is not hard it is just simple right like climbing a mountain is simple but hard right it's you got to keep doing it in order to make it to the top millions of
• 59:30 - 60:00 American households have done this right and so it is it is just about following some of these principles I I I love that um did you have Mr Moses I just want to let you know um got one student that has a question and I'm sure have questions I know you guys are going but don't forget about us asking questions yes and I see where uh well we're coming up on time so we're fine we're fine you're good okay um so we we'll we'll keep going for a minute we'll Circle back with for for questions um did did uh either of you
• 60:00 - 60:30 have a book ethelbert or Dylan that was inspirational to you as you got got started investing that you feel like captures sort of the opportunity here or that you've that you've read recently it would recommend any book in this space that you suggest I'm actually sing in front of my library so I have this book uh random walk down Wall Street I see I can't really see it um yeah random walk down Wall Street by B mckel uh one one of the first books I read on inves I think it's a pretty good
• 60:30 - 61:00 book to start off with okay could you hold that up again so everybody can see it um that is an put it in front of your chest at the B there you go oh yeah that's clear that's clear like that yeah so this is an absolute classic um and uh and a real um just uh influential thank you a real influential book um for uh for investing including for index investing um High highly recommend uh that one as well Dylan what do you think uh I have a a quite a list but one
• 61:00 - 61:30 that's not directly related to investing but is very applicable is atomic habits um yeah because I'm sure a lot of people know it's a very well-known book it's applicable to any aspect of life um but it's specifically investing because investing is something that you're in it for the long term uh and if you change your habits just a little bit and it really you know follow it every day or week with your investing habits following the news uh just spending you know a few minutes every morning just reading up on you know what's going on
• 61:30 - 62:00 in the world of business and and then acting on it but also being patient and just um over time it can really add up you know the the way you're putting money away um and also how you're just learning constantly or make as use your Atomic habits to say I want to read one book per month so next month I want to read this book and just do it one step at a time and before you know it I mean you're at 12 books for the year you know in a few years you're at 36 uh for three years and it's uh so yeah so even though it's not directly related to finance I
• 62:00 - 62:30 think it's really applicable I I think that's fantastic and I I love this idea of staying informed but not let by by reading up in the what's happening in the business press but not letting it uh you know control your day-to-day actions I actually find that the more knowledgeable I I became about um sort of dayto day and and quarter to quarter financial and business news the more steady I came with my investing Journey so and and part of that is because I started to see patterns right so it
• 62:30 - 63:00 encouraged me to stay Diversified and it made me realize that nobody knows as somebody said earlier I think both of you sort of hit on this nobody knows what's going to happen nobody knows what's a a great investment this year or or this quarter but if you start to see some patterns you'll see that different uh different sectors different uh countries end up doing well at different times and having a diversified portfolio um Can enable you to you know weather those ups and downs and that sort of volatility um and plus I just find it
• 63:00 - 63:30 interesting as well um are there new sources that you like are there business press sources that you recommend to friends Dylan yeah I mean there's I mean obviously the top ones like Wall Street Journal financial times but I mean tying into Atomic habits I mean pretty much everyone has like Instagram or Tik Tok or whatever so going out of your way to follow some of these accounts uh like Yahoo finance walty Journal you'll just see I mean they keep it in very short pieces of information that you spend 20 seconds reading as you're scrolling through your feed and then that'll
• 63:30 - 64:00 really add up every day as you're scrolling you start seeing all these different news sources getting from a diverse set of new sources as well to get different perspectives um I think you know a lot of those are really good A lot of the top Financial sources for Instagram or the other sort because they break it down that is that is awesome so um I mean not everybody has an Instagram account but I I feel you all the same so um uh Eber what about you is there a news source and then I will uh that that you recommended that I move on real quick uh honestly I used to when I
• 64:00 - 64:30 was NBC a lot but I honestly feel like watching those like those new specific news channels it made me want to trade even more yeah every day there's a new talking point this stock oh this company's doing well the CEO's coming on today so I felt like once I actually stopped watching TV in that aspect my investing portfolio my investing knowledge grew a lot more so as dyl mention I do follow like y who finance um at cnbc's Instagram page because it's shorter quicker points I can be able to
• 64:30 - 65:00 come up with my own conclusions using information they provide I feel like it's best to minimize how many how many different sources you can bring in because it kind of creates a sense of anxiety and makes you want to over start trading more oh I should take out this the stock market's crashing today let me sell all of my S&P 500 fund shares it doesn't make sense right so I feel like it should just kind of decrease how many different sources you you are bringing in so I agreee with dyl so CNBC Yahoo Finance on Instagram you two are
• 65:00 - 65:30 bringing in I am so inspired and impressed with this uh with with these really mature points um I think um that that that makes a ton of sense to me uh Eber thank you s very much for that that that point of view and you've both inspired me I'm gonna I'm gonna no start an Instagram account but still I'm glad that that that works out for each of you um and like billions of other people just not me so um we hopefully are having a joyful conversation here uh maybe ethelbert you
• 65:30 - 66:00 could tell us a little bit about something that investing has helped you achieve already or that you think it will help you achieve what's a benefit or a goal I might even chime in with a personal anecdote or two on this in a second but tell us something that it's uh helped you achieve or that you think it will help you achieve and like maybe another way to answer that is like give us a sense of your why for investing um I'll give you two answers so my my my deeper why my deeper why is to be independent and be able to sustain
• 66:00 - 66:30 myself and bring generational well to my kids my future kids excuse me my future kids and family I think that's very important because for my family we didn't grow up talking about invest we didn't grow up talking about credit debt so these are these are stuff information I'm learning and even teaching my parents teaching my friends right so I want to be able that my last name is like the McDonald's or Walton I want my last name to be known and when they think of at they think about the person that taught people how to invest for long term and that were
• 66:30 - 67:00 able to build people build better Financial futures for people now my other wi that's not as on deeper level is that you you know you're able to for lack of better words get profits and use those profits for your day you know daily things for example I had some student loans from undergrad that I was able to pay off and I was able to actually pay off my first car so that's you know that's pretty cool for me congratulations I I I love both of those what what about you Dylan are there things that you feel like you've uh that investing has brought you or that you
• 67:00 - 67:30 hope it'll bring you what's what comes to mind for you uh so really Chang my habits of spending specifically so there's actually one article that I I really like I think I'll put in the chat here let me just um but it's pretty much how Warren Buffett um when he would look at um you know what whether you'd want to spend money on something yeah here it is so I'll put in the chat for everyone to check out um so he has this famous quote he was like do I want to spend $300,000 for
• 67:30 - 68:00 this haircut so like no haircut to my knowledge cost $300,000 up front but he when he looks at but when he looks at spending his money on a haircut or something else he looks at it as the present value of the future comand so let's say I'd spend you know $50 on something $50 right now is not a lot but if I put it in the market and it grows 7% compounding for 50 years that's a lot of money as a future value and I H I'm holding that value right now at the $50 so I can choose whether I
• 68:00 - 68:30 spend it or invest it um so knowing about long-term compounding just has changed my habits in that regard every small thing I look at it's like is it worth obviously you got to spend money on food and stuff like you got to eat um and then you know some entertainment and stuff to you know enjoy life but uh for the most part um it's helped me really control and think think well about how I spend my money and manage it I I I love that I think you know balancing this idea of like immediate you know instant
• 68:30 - 69:00 gratification as they say versus saving for the future understanding the math behind the very actually quite basic math behind compound growth it sounds like both of you have you know really latched on to this me three um and it's actually in and of itself kind of fun right like this idea that oh if I'm able to save $50 it's not just saving $50 right I don't think of it as $50 I think of it as What could this be in 10 years at 7% or 30 years at eight
• 69:00 - 69:30 or % right and it's it's really quite dramatic and I like can I do that once a week what about once a day I mean City living is expensive like I could I could do that right like fine $50 a day and so this is uh you know one of the habits that I've I've developed is that you know I I started small right I started uh when I my first job out of college I was in in the Navy and I um you know started at started allocating towards my um my 401k and my IRA and then beyond
• 69:30 - 70:00 that I was like well I think I have an extra 50 bucks and then I would save some money and I would make it 75 and then I would save right and so every paycheck right I get a promotion I would allocate either literally all and I have a quirk I would like literally do it to the penny right so if my paycheck went up $276 18 that is precisely to the penny how much I would start um invest or how much I would increase my investment allocation to uh buy outside of my um you know the the the IRA and the 401K
• 70:00 - 70:30 that I was already doing and I like I developed a habit which I also keep to this day which is I I would skip the first one right so that would be my my little uh treat I would skip the very first increase but then after that to the penny I would keep the increase invested so I want to go to questions real quick this has been so uh interesting and so helpful but I think uh uh Dr Murray we have at least one question still could we could we hit that sure uh Kiera did you have a question yes I did um hey you guys how
• 70:30 - 71:00 are you doing um great information by the way I was wondering um do you guys offer classes or like provide classes for um people that wants to know more information about investing like in that 101 time so we offer currently it's just for high school students in like the classroom setting but we have gotten that question a lot in longer term we do want to be a to add that so you know do larger direct larger Partnerships at the district level um but also down the line
• 71:00 - 71:30 add a lot of our content online for asynchronous learning um kind of like Con Academy or something of that sort yeah similar to um Dylan I more so focus on presentations to larger groups of people I don't do the one-on-one coaching sessions at the moment but that is something definitely on my list for the near future but check out Ebert's Tik toks or or my Instagram page or Instagram yeah I do have videos on Instagram Tik Tok and some on YouTube at invest with Bert that I do talk about specific topics that can
• 71:30 - 72:00 be definitely relatable to you as individual that that's great and um definitely check both of those out they both have great great stuff on their websites and then or on their social media excuse me and then um I I at the secures Exchange Commission we run investor.gov investor.gov is our website and we do um uh Outreach so we can connect with your school um um and uh so so either directly or through uh doc Dr Murray you're welcome to get in touch
• 72:00 - 72:30 with me if if that's useful we do our 90 minute sessions on investing basics thanks for the question you joh you may want to um men that other um link you just put out last year uh investor.gov students yes yes so we have a page just for students uh as well um so yeah there's you can get navigate to it from the main website investor.gov or investor.gov students and uh you can also connect with us again maybe I'll
• 72:30 - 73:00 just say one way to get in touch with us is Outreach sec.gov so Outreach sec.gov and uh the our our our team will can set something up for your school for your Greek Organization for sfpd uh we should go through Dr Murray for svpd um but the um yeah happy to happy to be a resource any other questions Dr Murray anybody else have any questions feel free to throw them in the
• 73:00 - 73:30 chat or um you know do the raise raise hand functionality so while we uh feel free to just jump in if you have another question but I have one or two more for our our panelists maybe you could tell us a little bit about how you think about investing in the so I I like to overuse this term but doing any thing in the context of a life right so Fitness in the context of a life or you know raising a kid in the
• 73:30 - 74:00 context of the rest of your life whatever you're working on um how do you think about investing in the context of a life so you you guys are young as you keep emphasizing I'm not jealous but you keep emphasizing and um you have a lot going on right so how do you manage and think about your own personal Investments when an incremental dollar might go into you mentioned you know a trip a vacation buying something or into your entrepreneurial Ventures how do you how do you think about those
• 74:00 - 74:30 decisions maybe after we could start with you um I think what's most important in that aspect is to create a budget uh when I first started investing I absolutely did not use any other money except for investing every dollar I got I was just pouring it into the stock market this is around during Co period so it was easy I was at home you could me leave the house I was just easily investing and I thought I would just continue to doing that wouldn't go out I wouldn't talk to my friends I just invest every single dollar I got then I realized it's kind of lonely and it's
• 74:30 - 75:00 kind of boring right so I decided to make a budget so nowadays I actually have a savings account where I have money for if I want to go on trips or just have fun I have money that I set aside there every single month I put money into that account so let's say I do want to go on a vacation somewhere I have an account for that I don't have to pull from my investment account CU that's where I get a feeling of I can't do it because when I pull money out my investment account I feel like I'm pulling money Away From My Future Self so I think it's a great idea to have two separate accounts so you don't have a
• 75:00 - 75:30 feeling of guilt when you're taking money out of your investment account this is something we touch on and I don't know if you do this e but this is something I find useful um you know so I I use this this concept of being the CEO of you Incorporated right and so you're assigning jobs to different pools of money and so the vast majority of of of my resources go into the job of being investment funds and being put at risk but with the goal of growing uh hopefully significantly over decades but other money I assign the job of being an
• 75:30 - 76:00 emergency fund and then other money I assign the job of being my savings account for things that are not in my daily weekly monthly expenses but bring me joy right so I use an account um where I guess prob I shouldn't say the name of the the institution but a number of banks do this right where one account you can have subfolders right so you can say you have I have like 15 of them but you can have subfolders right so one for um my kids next year tuition another one is for um vacations a third one is for
• 76:00 - 76:30 like sports equipment that I want to buy right and so I have a bunch of these different folders and then I know like hey if I want to use money for that thing I need to wait till that's filled up right or I need to make an intentional choice to move some money out of one of my other buckets into that bucket um I'm curious if anybody else uh does that but um Dylan what what what about you how do you think about especially you're building a for-profit startup how do you think about investing in that in uh you know giving that
• 76:30 - 77:00 reality yeah yes so a E's point I yeah I also um you know budget it's really good to just put it on paper just map it out whether you use a spreadsheet a budgeting app um it's really helpful to visualize it uh when you make your decisions so budgeting um and then yeah keeping accounts fully separate that's so I literally have Accounts at different institutions for investing one versus my personal bank account um and then in terms of you know the concept of investing I mean time is something you also invest so short term
• 77:00 - 77:30 you're investing your time into something for something later on whether it's you know you spend your time going to the gym because you're investing in your health both shortterm and long-term um investing in you know I'm building a startup right now so I you know I hav I made the decision to rather than working a job that did pay me short you know immediate salary I invested my time and really building something that in the immediate term did not produce income but is laying the groundwork for something that will hopefully produce um
• 77:30 - 78:00 way more income in the future so yeah time um is probably the biggest one I would say outside of money investing is the next thing you invest the most I know we're up on time Dr Mur do we have anything uh right now because I have a question about uh Dylan's entrepreneurial Journey here nope keep it going okay so for uh maybe if if folks uh raise your your hand or make some indication on the on the uh on on theat platform here if you are interested in entrepreneurship as a part of your you know life's journey doesn't
• 78:00 - 78:30 have to be the only thing that you're doing Dylan's doing a few things all right so we see ethelbert's already an entrepreneur uh can people use the little symbol because I can't like you do the react thing because I can't see everybody okay there we go Chelsea's about starting about 50 businesses I like it um so um plea please do share maybe you could tell us a little bit more uh Dylan just about what that's been like are you raising outside capital is there like a learning that you've gotten through this um do you have any funny stories anything about
• 78:30 - 79:00 like your entrepreneurial journey of uh of building out this litigation Finance startup that you're that you're working on yeah it's been an amazing journey um I would say well first off going zero to one when you're starting a business is really the hardest part getting that initial traction taking it from an idea that you can say verbally to a real thing um and also as you get more traction more people you know start taking you more seriously and more people are willing new help partner whatever else um so I learned a lot about these small things that going Z to one like when you have an idea start off
• 79:00 - 79:30 with just buy a website domain for 12 bucks and you know make a landing page make a deck um and just start putting it on paper visually explaining what the idea is because when you show someone a deck or one pager it's now a lot more real than just something verbal um so breaking everything down into just bite-sized pieces one step at a time uh defin I use my I use my physical agenda here here um and like spreadsheets where I map everything out months out so when I had this idea I'm like how do I get to
• 79:30 - 80:00 having a real platform that's live and I mapped out for months saying breaking down one step at a time okay by the end of this week I want to have the website domain I want to finish making the deck by the end of this you know week I want to have um you know the legal incorporation all that so really just breaking everything down one step at a time because it can be a lot but if you just look at it one day at a time it really um should not be overwhelming if you're able to plan it out and spread it out um correctly another one is finding a really good Mentor that's something that's really important uh finding at least one or a couple people who either
• 80:00 - 80:30 have experience in this space or know other people who have experience or can just bring really good life advice because there's so much out there that you you don't know and that you wouldn't really learn in school but it's just life learnings that people have and having you know someone who's a bit older who you can lean on and reach out with reach out to for questions as I come up is is a real game changer well that was whole master class in of itself so now youall can go start a business because Dylan just gave you the uh G gave you uh the the the plan
• 80:30 - 81:00 there that's fantastic and I think there are a lot of things in there that can be useful for uh for your the specific part of your investing Journey too but we have another question go ahead got be uh be and then we also have one in the chat yes for Dylan as a followup do you have um information about patents and inventions because to me entrepreneurship is is interconnected with being an inventor in a sense so have you come into a space of like
• 81:00 - 81:30 meeting a patent at all yeah patents are really expensive unfortunately that's one thing that I think there that's another issue to fix out there in the legal system there's quite a quite a list um but yeah patents it's currently really expensive to get it done what you can do is file a a provisional patent so it's pretty straightforward to do that online and what that does it holds your spot for about a year to then file the utility and the utility is the expensive one so it's really like throughout that year it's a process that I went through
• 81:30 - 82:00 I filed the provisional um just myself um and then you know it gives you a full U keep building it out and it holds your spot so you can tell people your idea and then when you eventually file the utility um then assuming it gets approved the uh patent you know when you file the provisionals the date that it's effective um but this is not legal advice I just want to clarify but yeah so provisional patent and then that gives you a year to build it out then raise money and then use that money to fund the actual patent
• 82:00 - 82:30 which can be pretty expensive but a lot of things you honestly there's a a lot of things you don't necessarily need to patent and it's also very hard to patent certain things that are Technologies like um website certain websites and web apps um it's kind of difficult to patent those in general but trademark is separate trademark your name that's pretty cheap and so that's separate from the patent itself thank you yeah great great information there was another one I
• 82:30 - 83:00 think Dr Murray in the chat uh Miss uh MCD Daniel can you just share that one with us or do you mind coming off of mute hi yes um I am Janita McDaniel I attend FAMU and I'm a new um Ambassador and I just wanted to ask um the panel how do you decide if you will invest in a stock long term or short shortterm because I know Bert mentioned that he
• 83:00 - 83:30 used um some of the money that he invested or some money that he gain to um pay off his loans and debt so I just wanted to see how y'all um decide how you would invest go about investing in a stock um in terms of that honestly if I had if I lived in a perfect world I would not have taken any money out of my investment account because it would have up enough for definitely grown but that was a situation in which I personally just don't like owing anybody money so
• 83:30 - 84:00 at the moment I feel was the best decision for me if you are a beginner investor I would not tell you to um it's not advice but it's not that beneficial for you to start looking at shortterm or buying individual stocks just because there is a lot more volatility volatility meaning a stock can be at $50 today tomorrow goes on 30 goes down to 10 and goes back to 100 that's a lot for a beginner investor right so without this being Financial advice of course I say it's beneficial to look at Diversified mutual funds you have index funds also and ETFs these Diversified
• 84:00 - 84:30 portfolios or baskets of stocks you can essentially hold these for the rest of your life and there's also also you could have there's dividends they pay and other things that there's more information down the line that you'll learn but I think that as a beginner investor it's best to start out with a diversified portfolio that looks at mutual funds index funds ETFs and to think long term not necessarily thinking short term absolutely yes yeah I I'm curious if Dylan wants to close us out with this I
• 84:30 - 85:00 know we're at at time I I love the that the saying that my ideal holding period for a stock is forever so I I tend to not I I first of all I associate myself with with bir comments there about buying a diversified portfolio you might be happy to own the market forever for example but certainly if I were to uh when I invest in individual stocks I do so with the intent that I'd be happy to own it for many years at least um and and um yeah there's having short-term money lot in the lines that Dylan and Bert talked about like saying hey I'm
• 85:00 - 85:30 going to use this money for near-term expenses um or near-term goal even should probably be a separate uh pile of money a separate uh allocation of funds compared to your long-term Investments um but I have gotten something even more valuable than money which is some great inspiration and uh from from our two speakers so thank you both very much I'm going to give you a round of applause here for uh for sharing your time and your expertise uh
• 85:30 - 86:00 and despite your uh youthful exuberance dare I say your wisdom with us um so thank you so much thank you uh to the sfd team for uh letting us connect with you today and back to you uh Dr muray awesome thank you guys so so so much um we are at time and I want to be respectful of your time so if you have to jump off um don't don't feel bad go ahead and jump off um however if you want to maybe ask one or two more questions um please also feel free to do so do not forget to do your training
• 86:00 - 86:30 manual quiz for those um who still need to get that done um but again thank you guys so much and and if the students have any additional questions you guys uh feel free to ask those now um before I leave I just want to thank you all for the time you guys spent supporting us to today um it was highly appreciated and highly valued thank you thank you well you hey y' I just want to say thank you so much for being the guest speakers today also I
• 86:30 - 87:00 want to shout out ber to as well thank you thank you yeah thank you very much John at the Burke and D Mr angram it was great it's very informative yes I had so much fun being here and then I have one more question for Dylan how did you go about deciding your business mentor for uh a lot of just Outreach um one of the best pieces of advice I I ever got
• 87:00 - 87:30 was uh you want to just obviously just reach out to people get introductions and at the end of the call say who are two people that I should speak with um oh all right we're still good yeah who are two people I should speak with and they'll um then introduce you to one or two and when you phrase it as who are rather than are there two people the person's more likely to make those intros then you talk to two people there from them you each talk to two more and it really compounds you just you'll be able to see just from a lot of quick phone calls and conversations you'll be able to find someone that you really
• 87:30 - 88:00 click with um and that's really the way I would say to do it all right and also uh asking teachers professors that's a really big one asking them for both direct guidance but also asking them for recent grads who you can chat with because they've seen they've worked with a lot of students they've seen how people have progressed um so that's that's one thing that's also really helpful thank you so much all right bye y'all bye other
• 88:00 - 88:30 questions all right I think that's it awesome again we thank you guys so much for you know lending your wisdom your guidance uh and and thank you guys for
• 88:30 - 89:00 the things that you do um and the people that you help we greatly appreciate you guys have a great day by