YouSaid · the spoken record

John Hope Bryant

lines on the record: 123
first: 2023-05-26
most recent: 2023-05-26
sittings or episodes: 1
sources: podcast

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“He owned $6 million worth of real estate, rental real estate in Baltimore, Maryland. He rented it out to working class blacks. That gave him the financial freedom to be a civil rights leader and an abolitionist. People don't know that story, but he was a capitalist. And actually Frederick Douglass ran the Freedmen's Bank for Abraham Lincoln in 1865 that was chartered to teach free slaves about money. So he was both a financial literacy champion. And he was an asset owner, and in many ways I am literally replicating his business model. But it wasn't intentional. This is just sort of tripped on to this same narrative.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“The for-profit company, and coincidence is God's way of remaining anonymous, I guess. I wanted to build wealth for myself so that I did not have to continue to go begging to a philanthropist to help Operation Hope with its growth. I want to be able to reach into my own pocketbook and to write my own check, which meant I needed assets. I needed a business that didn't conflict with Operation Hope. So there's a lot of things I couldn't do. I couldn't do banking, couldn't do Brokeridge, I couldn't do a lot of things. Single family residential rentals was a business I thought I could be in that had no conflict with my philanthropy. It also, oddly enough, Barry was a business that Frederick Douglass was in.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“The banking and financial services system, I mentioned that, Hope Inside. I've got a plan for workplace, which I've just discussed, but financial literacy for all is really about building this culture amongst Fortune 500 companies, which is where you spend most of your time working, well, living. You spend most of your time at work, if you're an employee, and changing the culture and the places that change America.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“That allows us to create a coalition of the willing of leaders, which we are building now. I mean, CEO of Walmart and I are co-chairing Financial Literacy for All, Doug McMillan. Our goal is to get 80% of the Fortune 500 by 2025 to embed financial literacy into its business plan, not to its philanthropy plan, its business plan, just like healthcare was 40 years ago. So our mission in schools is to get financial literacy funded by Congress K-College. So the answer to that question you mentioned earlier, I'm vice chairman of no labels now as of two months ago. My mission there is to be the voice of the underserved and the voice of the voiceless. Try to get 58 to be very practical. Get 58 U.S. senators to agree on a bipartisan basis to pass the civil rights bill of this generation, financial literacy. Then that'll get us into schools. And I've got a plan for the...”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Into a door or doors in the C-suites where you can have a conversation as a peer, as an equal. So I'm not talking at people anymore. I'm talking with people. And they understand they have value and they have credibility and success, but they also value in a different way my credibility and success. And I've had enough private sector success also in growing and building enterprises. They know I'm a legit capitalist. I mean, I've clipped a coupon on Wall Street. I've done, I've run a balance sheet in an income statement, et cetera, et cetera. So there's respect in consideration not just for my beliefs, but for what, I guess, what we have built and how we performed, which allows us to have a conversation that's different.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Combine those recognitions with CEOs of Fortune 500 companies today suggesting that I'm a conscience on capitalism, which several big-time CEOs have said, including the CEO of Walmart and Delta, et cetera. And it says this is a bit of my version of a Nobel Peace Prize. Which is really a gateway or substitution clause for having this conversation with mainstream power structure. When you have these recognitions, it allows you entree.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“All tied to a credit. Plus, economic vitality, prosperity, business creation, stable families. I've got five pillars of success in my newest book up from nothing. Here's the five things you need to succeed. As much education as you can shove down your throat. Understanding financial literacy, how the economy works, the math of the matter. Family structure and resiliency. Self esteem and confidence. Role models in the environment. You have five of those things, you're going to be immensely successful. You have four of those things, you're going to be very successful. You have three of those things you will pop your head over failure. You have less than three of those things. You're stuck. Who has less than three of those five things? Poor whites, African Americans, Native American Indians”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“With a mathematical equation, with a credit score. And that credit score changes, is dynamic. It changes, you know, every week. That keeps your attention. It's an individual scorecard. I can't, here's what's beautiful if you're an underserved person or somebody who's used to being used to racism dogging you or sexism dogging you. I can't get in your heart. Change how you feel about me. Can get into my own head and change my credit score. It's control of my own destiny. And the credit score is a trending indicator for all other things, hope, faith, belief, confidence, well-being, trust. These things you need to access banking, financial services, market economy, investors. So I believe that we found A burning bush. You move, I'm going to say something on your podcast that I rarely said to anybody.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Opioid addiction through depression. So, what I'm doing is taking the emotion out of this conversation. I believe I love math because it doesn't have an opinion. That's a Melody Hopson quote. And if I can replace the emotion with a science.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“So here's what you see in a 580 credit score neighborhood, right? Check C Extra rental owned store. Next to a title lender. Next to a liquor store, next to a pawn shop. And by the way, Barry, this is not just black and brown urban neighborhoods. Poor white You finished the sentence for me.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Banks say yes to you at 700. You're the 700 Barry. You live to 81 years old. 10 minutes away Chicago, these zip codes are 10 minutes away. I mean, most cities, Manhattan's boroughs, is slightly different, but most cities, these zip codes are 10 minutes away, these realities. So a 700 credit score neighborhood, you live to 81 plus. You have a high school graduation rate of over 90%. They're going to college. You have two parent households. Violent crimes are non-existent. It's a complete reality. Just world.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Social Security at 65. In a 580 credit score neighborhood, you'll have a high school education. 61% of people, I'm sorry, 61% of people have a high school education in one parent household. These are the averages in the Fiberty Credit School. In a 580 credit score neighborhood, the violent crimes per thousand is off the charts. All the negatives explode. Home ownership level is sub 40%, 20%. 25%”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Your credit score on your phone. Let's start there because it literally. Oh my God, yes. It's like a complete living barometer of how you're doing. We have a credit score index that's powered by Experient as an example. Their data from Experience. I've measured every zip code in America by credit score. You tell me your zip code, I'll tell you how you live it.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“No, these are just my clients that happen to be. Working at TSA, but we are a coach for UPS. We are a coach for Harley Davidson. We are a coach for the Venetian Hotel Employees in Las Vegas. We are a coach, I've already mentioned Delta Airlines. We have a big, I can't mention it, but there's a big company today, probably one of the top five employers in the country has just signed up with us. So we're in banks, whether it's Truist or Wells Fargo or Bank of America. They've ordered over 100 branches from us. You know, that's business. 100 branches is a business decision, not a charity decision. We're getting the bank out of the no business, Barry, and back into the yes business. In other words, if I can get your criteria sorted, get your savings account up, get your debt down, get your credit score up, the bank can say yes.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Had over four million clients, and we have 245 locations in 46 states where the largest financial inclusion and financial literacy coaching organization in the country. We are inside also, well, we're the only nonprofit allowed to operate inside of a bank branch in U.S. history. We're the only nonprofit in Fortune 500 companies doing financial coaching for employees, including Delta Airlines, all 90,000 of their employees, so much so that Delta CEO has given $1,000 emergency savings account to everybody who's financial coaching work, all of his 90,000 employees. That's how much he believes. I can't go through a delta terminal without people talking about their financial coaching and the $1,000 savings account that they've got. I can't go through an airport without a TSA agent screaming out their credit score.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the student piece is cool, but it's almost like a pilot project given on our larger work. I mean, there's 50,000 kids in the Atlanta public school system. You can do the math there. We've got. We got 10% of that in the kindergarten kids as a target. But a million, we taught a million kids financial literacy. That's still to be very small beans worth our target. There are 40 million black people in this country. There are 100 million blacks and poor whites in this country. You have 130 million people who are financially bruised in this country, including working class, middle class people. My goal is to become America's financial coach. My goal is to become the Starbucks of financial inclusion, the Walmart of financial literacy at scale, the Federal Reserve of the Hood. I have 245 locations today, Barry, 245 locations in 46 states.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Constantly reinvention. So it's great for an entrepreneur who's trying to make it. Well, I had already made it to a certain degree. What I was looking for now was purpose. And Atlanta was steeped in purpose and civil rights history. So I went there and created civil rights from civil rights in the streets to civil rights in the C-suites. This is an extension of Dr. King and Andrew Young's unfinished 1865 with the Friedman's bank. It was an extension from the streets to the suites, a discussion about green, free enterprise, capitalism, economics, ownership, and wealth creation at scale to set people free using the free enterprise system.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Either they see you as a threat and think you want to become mayor, or they're going to treat you like a child for the rest of your life because you grew up here. And he said, John, a prophet is only without honor in his hometown. That's biblical. And he said in Atlanta, they called Dr. King in Atlanta Marty ML Michael, his original name. They were digging at him. That's why Staff called him Dr. King to give him gravitas at 28, 30 years old. It was only 5'7". Dr. King was 5'760 pounds. So he was like, we had to give him some gravitash. You got to move out of this city and come back as an honored citizen later on. He was completely right. And the other thing was, you know, history in LA is two years old. I don't mean as a diss. I mean, LA is a place where you reinvent yourself.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“There was a city of there was a mayor, I don't want to mention his name, but there was a mayor in LA who saw me as a threat about my age. And he asked me to schedule a meeting with Andrew Youngs. He knew that Andrew Young was my mentor. I did that. There was a meeting in LA and I was sitting on the floor because this particular mayor was sending a message to me. There was no seat for me. So I sat on the floor. Fine with me. I didn't care. And by the way, I should say for the audience, they don't want to try to guess this. This was 20 years ago, so nobody thinks it was recent. After the meeting, Andrew Young was at the airport, and he said to me, you know, you got to move out of LA.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Just a temporary performer. And I've already given you a quote from Andrew Young, who shows you, I mean, he's built the 10th largest economy in the country, the only international city in the South, Atlanta, Georgia. The bones of diversity and inclusion as an economic model. And of course, we can see today that the moral capital in America, which is Atlanta, is also the largest economic engine in the South built on, like New York, diversity and inclusion and good common sense. I moved to Atlanta for a number of reasons, but I remember one conversation in particular, Barry.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“And not rightly positioned in capitalism and free enterprise. Not squarely. By the way, they would admit it. And so I became good friends with Quincy Jones. I became dear almost family with Andrew Young, thank God it changed my life. And so I remember Quincy told me. If you think you're in the music business and you don't own music rights, publishing rights, licensing rights.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Quincy Now this is sad. Here I have, I don't have like a, you know, in this example, I don't have a Bloomberg as my role model who's a businessman or a Tony West or whoever or Michael Ergetti, whoever you're, you know. Mindset is. Henry Kravis or whatever, I had an entertainment. Genius, Quinty Jones, and I had a civil rights icon, Angel Young. So here you go again. I'm starving for role models. I went with what I had. But the only two international people I knew at that time who were black were these two I could.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Andrew J Young, ambassador, mayor, civil rights icon, Andrew J. Young, the guy who was on the balcony with Dr. King. He was assassinated in 68, he became a mentor and a role model to me. He was the only black man one of two who was international when I was 25 years old who happened to be black. I was like, I want to be an international businessman.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“So we've got to give kids something different to see. This could literally reset everything. And I believe you do this right in urban black and brown neighborhoods, white, poor, rural neighborhoods, struggling actually working class neighborhoods. You add 2% to 3% of GDP in five to 10 years for America as a country because the bottom of the pyramid gets rehabilitated. You get them back in the game of economic value creation. You get the credit score up through our coaching at Operation Hoe, which we're raising credit scores at hope. 54 points in six months, 120 points in 24 months. Nothing changes your life more than God or love than moving your credit score 120 points. We're reducing debt by 3,500 bucks in a year. We're increasing savings 500 to $1,500 in that same year. For somebody making $48,000 a year.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“We could emulate. But most of these kids, 70% of black households, don't have a man at home. So your mother is working two jobs, so you don't see her. She's trying to keep the lights on. You don't see a positive role model who's male. So where's your role models in the streets? I mean, it makes perfect sense. So why are you being a rap style, an athlete, or a drug dealer in the hood? Because that's what you see.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“That's what happened to me with that banker in my classroom. So it has to be, you can't just be a curriculum barry on your point of how to teach it. It has to be a real life exploration of connecting education with aspiration. It has to be life experiences of the kid and the parents and the family can relate to, and you have to have a role model that experiences that with a kid in the classroom who looks like the person that we're trying to emulate. So you need that banker or that entrepreneur or that business person or a barrier or a John to come in at least three or four times during the coursework, ignite the endorphins in this guy's male or female's head about wow, by the way, it's role modeling. This is who I could be because in you're in my household, my guess is there's somebody in the household”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Country needs a new Steve Jobs or a new Tony Wrestler or whoever your hero or shiro is, this country needs every big business once a small one. Goldman Sachs, there was a guy named Goldman and a guy named Saxon. Selling financial services door to door. Where's the black version of that? Where's the Latino version of that? Where's the Indian version of that? Where's the poor white version of that? By the way, NASCAR came from moonshine runners. In the Appalachian Mountains, these guys realize I can't keep running from the police and selling moonshine, but I drive really well. That's NASCAR. We have to legitimize the hustle.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“And your mind opens up. And so, and you're two-thirds more likely to graduate from college if your money in the account. This is unbelievable. And it's so low hanging fruit. It changes the... It robbed hope, it robbed self esteem, it robbed belief, it robbed confidence. Now you've gone from a thriving and a winning mentality to a surviving mentality where your life is ready for our aim. And now the world's got you distracted with your survival and your surviving. Now you're not competing with the capitalists. And what this does is get people at the bottom of the rung competing with the capitalists, which is, by the way, what this country needs every 100 years is a new Henry Ford.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“What you said earlier, Barry. It's the difference between being broken being poor. It's the difference between sustenance, poverty, and mindset. Now your mindset is connecting the dots between education and aspiration. Why am I going to school? What's the point of all this? Oh, I have a bank account. What's the point of the bank account? Oh, the bank account's tied to a salary. Okay, now, okay. So I'm in an economy. It's”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“We will match it for 50 bucks and then rap financial literacy around that for every kid in kindergarten all the way through middle school. And the reason that this is so important is studies have already proven that if a kid has a bank account at kindergarten, they're half as likely, sorry, 50% likely to go to college. If you have money”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Kindergarten. Yeah, yes, not seen yet. Operation Hope is the official kids accounts manager. For the Atlanta public school system and the Atlanta City Council funded us a few million dollars to open kindergarten accounts. Meaning”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“As in the color of US currency, Barry, it's always been green, is my point. But we just never got the memo. That's my book, the third book, I think.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“But 41% of black folks own a home, 75% of white folks own a home. There's a Delta 35, 30, 35% of natural home ownership that black folks are missing because no one gave us a memo on money and wealth creation. We don't own stocks. We don't own bonds. We're not starting businesses with employees and technology. 96% of black businesses don't have an employee. I mean, and how do you build a business in America? How do you build wealth in America? Business creation is a... Primary portal. I said my Jewish friends did it, by the way, is the level of playing field in an unlevel world is they became owners. And that gave them a different version of social justice. And I think that's a model, by the way, for African Americans and other groups trying to come up from nothing. To me, the color is not white or black is not red or blue. It's green.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Everything is not about God or love is probably about money. But do we understand money? What did I say about how, I mean, Malcolm Meck said we've been bamboozled. We've been tricked. We've been fooled. You can say what Andrew Young said, who is Dr. King's right arm, that to live in a system of free enterprise and not to understand the rules of free enterprise must be the very definition of slavery. So, if you're in a system and you don't understand how it works and you think that cash flow is profit or getting that bag, getting that dollar, getting that money is actually going to advance you, when in reality inflation is outrunning your ability to even compete on a wage basis. You're not going to build wealth. You may have a lifestyle, but you build wealth in your sleep. In your sleep. That's compounding.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“And in the center of a studio made by an entrepreneur. And this whole thing works on money. This whole city works on money. It sets public policy in many ways in the world because it's the center of money. Even slavery, real talk, was about money.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“He thought he was successful. Well, the more you, if you live that way, you make a dollar, spend $1.50, the more money you make, the broker you get. So by the end of my dad's life, I was taking care of a man who had a gas station, an eight-unit apartment building, her own home, a nursery business, a cement contracting business. I probably missed a couple, but he lost it all of our generational wealth because when you don't know better, you can't do better. And my dad didn't know what he didn't know. Goes back to what I was saying earlier about that slave experience. My dad's dad was a sharecropper, probably born in slavery in 1871 in Mississippi, but certainly a sharecropper. My dad was a businessman. I'm an entrepreneur. I'm obsessed with financial literacy because I think it's a civil rights issue of this generation.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Insecurity, if you will, of wanting to say yes and live the life conflicts with a budget, conflicts with a limit, conflicts with having to sit down and understand if your outflow exceeds your inflow, then your overhead will be your downfall. This was my dad's problem. My dad thought the cash flow was profit. He had a construction company and he bid a job at $1,000. It cost $1,200, but he'd outbid the other guy who was bidding the job for $1,400.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, sir. They're living from paycheck to paycheck. 70% of the US economy. has been recently shown, I think it was a Bloomberg report, actually, that half of all people in this country making $100,000 a year, paycheck to paycheck, a third of those making a quarter million dollars a year living from paycheck to paycheck. So this is not just poor people. It's now almost everybody is struggling with cash flow, but they want to look good. They want to look successful. They want to go on a vacation. They want to go shopping. So people think they'd like to think that credit cards are cash and they don't want anybody disavowed with that belief. I can't be broke and still have checks left. The one wants to be able to say yes to their children, yes or their wives or spouse.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Where's the check? Is there a check attached to this And number two, and I think that they were like, I'm sure there's a note coming after this with a congressional allocation and it never came. Number two, money is emotional. So money, unlike math, money is highly emotional. And people want to spend money. They don't want to talk about it, including teachers, superintendents, school board members, city council people, members of Congress. Most people have too much month at the end of their money.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“On the White House stationery signed by the chairman and vice chairman of the President's Council on Financial Literacy, Crickets, because it was an unfunded mandate in their view. And they're shaking the paper going.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“I also was naive by thinking that if I wrote a letter, which he allowed me to do with Charles Schwab, we wrote a letter. He was Charles Schwab was chairman. I was vice chairman, to every one of the 14,000 school district superintendents that was around in 2000, I think it was nine or ten, that the school districts would just see the White House letterhead and understand the noble. Oh my God, of course we had to get on this right away. Crickets. We got not one response. Really? Yeah, not one response.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“They're a check writing organization. They give you criteria at the state and local level, and they give you money. They incentivize you with grant payments from the federal government to meet that criteria. There is no funding base for financial literacy. I got President Bush, George W. Bush, to make financial literacy the policy of the U.S. federal government. I was naive, Barry, because I thought I didn't realize that when he inserted the word federal government, that just meant government employees. That meant the federal government.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“A couple very practical reasons. Number one, a school district is a business. And like every business, they want revenue and they'd like to have a surplus profit. What they don't want is an unfunded mandate. And as well meaning as financial literacy is It's got two problems. One, it doesn't have a budget allocation from Congress. And the Department of Education does not set curriculum.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
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2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“No, no, no, no, but no, no. But here's a twist, and you may have probably never heard this one African American. But is race the only issue? No. In fact, I'd argue race is not the primary issue today, not 100 years ago, not 50 years ago. If it was Barry, you wouldn't have poor whites, poor whites, who are segregated from wealthy whites. Economically. You would not have African Caribbean and Africans from Africa who actually do better in some ways than African Americans on ownership issues. If she was just race, All whites would be immensely successful. Blacks would be immensely repressed. You have these subsectors because mindset has provided a differentiated path. So, what I am saying is you can level the playing field with a business plan based on hope.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“And now you start becoming an expert at things that are going to get you locked up, drug dealing, an underground. So you have genius, you have brilliance. I mean, what's the drug dealer, Barry, if not, I mean, is it illegal, unethical entrepreneur business person? You understand import, export, finance, marketing, wholesale, retail, customer service, security, territorial logistics. These are not dumb people. They have a dumb business plan. They're an underground economy because they don't trust the mainstream economy. So this hopelessness that you just mentioned is everything for repressing the human spirit. We've got to turn that around. My whole life's work is really summarized in one sentence. To unleash, untapped human potential at scale. And if you think about if this issue is racism real, of course it is.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Comes easily from the population that it has that experience and who has descendants who are now looking at parents unsuccessful at commercially or economically who did not get a chance or a shot whose mother was not called Mrs. Whose, whose dad who was never called Mr. or doctor or whatever. And so you have these kids who wake up on a scale of one to ten on anxiety nine. And they're on edge and you do something to that kid, tap him on the shoulder. He may swing on you. Now the kid's in jail, okay? And so the energy is used for all the wrong stuff.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“And as a result of that, and who have crappy role models. And if you hang around nine bro people, you'll be the 10th. So now you have a group of people who don't know, who are smart, brilliant, amazing with the rules are published and the playing field is level. They excel. Think about the arts. Think about professional sports. Think about politics. Rules are published, playing field is leveled. African Americans in this example kill it. But in capitalism and free enterprise, there is no rule book. And we were denied that whole lesson. And the best we were taught was how to make the dollar, not to how to build it And so this hopelessness you talk about.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“There you go. You don't give them education, so they don't know any, they can't have a skill set. You don't teach them about the free enterprise system. You basically want to use their body and their mind, the body, because they're agricultural geniuses from Africa. They want them to work this land in the south, but you don't want them thinking, and you certainly don't want them believing. And you do that for 300 years plus, really, two-thirds of American experience, you can't help but have a depressed group of people who have low faith, low confidence, low trust, who are cynical, not skeptical.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“I'll be even more blunt. Poverty, sustenance poverty is a roof over your head, food on your table, reasonable health care. It's a sustenance, the ability to sustain yourself. All other forms of poverty are mindset-based. So whether I believe I can or whether I believe I can't. I'm right. Is the glass half full or is it half empty? Depends who's looking at the glass. So when you tell people for when you enslave them for 270 years, you destroy their family structure so they have nothing to believe in. You destroy the ability to protect their mate from harm, so you destroy their self-esteem and their sense of independent, you know,”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source