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

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I really wish we had three hours versus 30 minutes to talk about this one topic because it's everything, Barry. I won't go down this rabbit hole, but at another time we should talk about why African American experience is different in this country from even Afro-Caribbean, from those from Africa or other dark people from around the world. Why is the African American experience different? It was how we were treated. And that treatment messed up our head, our psyche, which is where real wealth sits.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Plan. I didn't have compounded capital. I had compounded hustle. And so I had time. I didn't have money. And I decided to use that time in a way that made me bulletproof or harder to compete with because I was going to be smarter than anybody else in the room and I was going to work harder. So I think that resiliency piece never giving up, never giving in, redefining Barry's success as going from failure to failure without loss of enthusiasm. I think that's everything.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“So that then relates to self-esteem. If I don't like me, I'm not going to like you. If I don't feel good about me, I'm not going to feel good about you. If I don't respect me, then how can I ever respect you? If I don't have a purpose in my life, I'll make your life a living hell, whatever goes around comes around. That's self-esteem. Self-confidence is competence put into action. So if I'm confident and I execute on that, then I have confidence in that is where my hustle comes from. That's where my resiliency comes from. That self-esteem applied with a skill in the marketplace. Over time, you start taking no for vitamins. You start becoming incredibly resilient, hard to hit. It's hard to hit a moving target, as I said earlier. And if I don't give up, you can't beat me. When you sleep, I'm working. When you get up, I'm already prepared for the day. When you're going to chill in the evening, I'm preparing my next business.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“My experience was this banker who basically opened my head up to a whole new world. And so I wasn't intimidated by him. I actually found an affinity with him. I didn't want to be him. I wanted to be me, but I was not both reposed. I was neither reposed or, you know, I wasn't trying to be him, nor was I trying to avoid him. I thought he was useful and he had a place in my world.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that ties directly into what I said about self-esteem and confidence and the difference. It also ties into the race relations lesson that I got by... Meeting this white banker who was actually helping me to understand the free enterprise system. So my experience with a white person was different than the folks growing up. My folks growing up, my friends grow up, they'd get hit over the head by a police officer pulling them over. was a negative experience as a result of that they didn't like white people they didn't trust white people they want to talk to white people”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“I went home, got my mother, sold my mother on making a $40 investment. She made me pay her back, by the way, in my new business and went to smart and final and Iris food store, which is where he bought his inventory and got put up in business. And I actually put him out of the candy business not soon after that. I made $300 a week on a $40 investment.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“I didn't realize what I was doing back then, but I was making a choice. I was like, I don't want to be a performer. I don't want to be your performer. You're the owner and I get to perform. I don't want that. Tell you what I want. Make me a box boy. Excuse me? Yeah. I want to do the stocking. He said, it's the worst job I got. That's the one I want. I worked there for three weeks and quit. Because then I knew what the wholesale rate was in the retail rate. I knew what the markup was. I knew what supply and demand looked like, what things were moving, what wasn't. I quit. Once I knew where he bought his inventory, he was on the side of the box.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Right. I said, no I decline the offer. He said, I'm going to pay you top dollar for, you know, you come after school. I'm going to pay you. You'll be paid more than any of your friends. I didn't want to do it. And by the way, Barry, this is analogous today to the basketball player with a contract, to the rapper who can sing really well and it's rocking a mic to a baseball player or anybody who is performing at top dollar, but they're cashing a check, they're not writing it. And if you're a great performer, no matter what your industry is, you'll get paid a lot. You may not build wealth, but you'll get a lot of income.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Own max liquor store, and I realized for the first time, Barry, this was a businessman. And I went to Mr. Mac. First of all, I didn't know there was a black businessman in Compton. So congratulations, Mr. Mack. You're selling the wrong kind of candy. He said, excuse me? I said, you have a liquor store. You're probably good at liquor. But you have a candy rack in the liquor store, and you're selling the wrong kind of candy. Go away, little boy. If you've got a college degree, that's nice. I've got cavities. You're selling the wrong kind of candy. I'm nine. At that point, I was 10. So he said, look, you've got a lot of hootspah. I'll hire you. I'm going to put you at the counter.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“And how's it that you, what's this car that's in the parking lot? It's got plates on it and a tag. And it's brand new translation. It's not hot, right? I mean, and it's beautiful. What do you do? And this world opened up to me, man, and I was done. And so Mr. Mack, Max Liquor Store, 6'2", also 6'2", black man.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“And my whole life changed. And I left there. I went, as I said, opened the dictionary. I start seeing the muffler shop as a business. By the way, there's a difference between an entrepreneur and a businessman is a businesswoman. Those things are different, different risk tolerance and different business plan. But I start seeing the nail salon as a business. I start seeing the, I think a barbershop. All these things were businesses. I never seen it that way before. And I went back to school, Barry, sir, you're business card. Can I have one? Okay. What's the 16th floor thing? You know there's no floor above the sixth floor in Compton, and that's a courthouse. What's on the 16th floor? And where is that at? And by the way, how can you show coming here in the middle of the day? My mother is an hourly job at McDonald's aircraft. She's got two 15-minute breaks and lunch. How is it that you're here in the middle of the day? It's called a salary. You have a white shirt. My father wore a blue shirt. How do you keep this shirt clean? Oh, you just do work with mathematics and intellectual activities. You don't do any dirty work.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“So I knew what Bank of America was because my mother, it was a big deal to go to the bank and opened a Passbook account or to go there with my mother every couple weeks or my dad The local branch banker might have been the mayor. I mean, he was a very important guy back in those days, but it was pretty rare occurrence. One, I was shocked that there was an industry whose job it was to lend a risk taker money. Two, I was shocked that it was legal. Three, I was shocked that it was an actual occupation for a guy who was a legitimate hustler”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Were you in your neighborhood? Well, I mean, it was so few you knew where they were, put it that way, right? And this guy was a banker, to be full disclosure. It was a banker for bank of America.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“What's a banker, and how many of them are you? Did you say one more time that your job is to lend people like me to be an entrepreneur money? I need to get this whole script straight because here my friends were getting murdered and jailed and shot and all this kind of, you know, over economics, over some, you know, trying to sell drugs or sell a TV set or whatever it is in the hood.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“He said, I'm a banker and I finance entrepreneurs. And I said What's an entrepreneur? I never heard that word in my entire life, French word built something out of nothing. Create value, what's an entrepreneur? I mean, no one's ever taught me that. So I went home to the dictionary for those in the current generation. It's a Google search. And I opened the dictionary to the word entrepreneur. And my whole life changed. And when I came back to school, one more thing.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“The suit that I saw this guy in. By the way, this was a crushed velvet three-piece suit with a ruffle shirt and a big bow tie. So you can imagine I got beat up when I went to school. Raising my hand, Barry, and I said, excuse me, sir. I had enough courage to ask this question. What do you do for a living? And how'd you get rich legally? Barry, I was dead serious. I was just completely, it was to me, it was a common sense question because everybody in my neighborhood was a thug, a drug dealer, a criminal. I mean, nobody had legit wealth.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm nine, and I'm completely entranced. And I remember probably the second or third class, because by the third class, I was actually wearing a suit. The only suit I had, which was my Sunday suit, to school, trying to emulate.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“They drag him down the street in front of me until he was dead. They did it in front of our house to send a message. And so these were two stories, maybe three before I'm nine years old of bad economics, bad culture, and a bad business plan. So now I'm nine years old, Barry. And this banker comes in my classroom. It's home economics class. Doesn't exist anymore. He's white. He has a blue suit, a white shirt, a red tie. He's 6'2". And he starts talking about money and free enterprise and capitalism and ownership and balance sheets and all this stuff. And I'm sitting there mesmerized. You're nine years old.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Long story short, my mother moved away from my father, arguments over money, domestic abuse involving money when I was five years old. They thought she moved. We were staying with her relative to save some money for her first home. The guy who was dating OC, dating my mother's cousin saved my life on the front porch when I was swallowing my tongue. And I idolized this guy. What I didn't realize was he was ashamed to admit that he could not afford to float the expenses of his immediate family. So he went to go sell drugs also part time. And he was murdered by the drug dealers for whom this was their territory. They came around the corner in a truck, Barry. I'm sitting on the porch waiting for him to come home. I'm seven years old. This is my idol. He saved my life. They hit him in the truck on a bicycle. I can see it in my mind's eye.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“I could do anything I wanted to do and who loved me and told me my mother, she told me she loved me every day of my life. So there's a difference, Barry, between being broken, being poor, being broken as economic, but being poor is a disabling frame of mind, a depressed condition of your spirit. You must vow never to be poor again. So because I had this self-esteem based on my mother's love, and I had self-love, which is not self-confidence, my next door neighbor. Oh well, my best friend had self-confidence but did not have self-esteem. So he was influenced by those around him. He was murdered. Then when I was seven years old, the guy who saved my life because”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“He hung out with the wrong character, the wrong kids. And character is not the most important thing in business or whatever. It's the only thing, really, in culture. Culture then informs character. So culture, my neighborhood, was a thug. Culture, you were respected if you were hard guy. A tough guy. And so my friend, my best friend who was very, very smart, did not have good parents like I had who told me”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Your elementary school class? Yes, it was a transformational experience to have this banker come in my classroom on several levels. I had an economics lesson. I had a life lesson. I had an epiphany. I had a race relations lesson. I had a self-esteem and confidence lesson. Those two things finally came together. I had an aha about. How the world really works. I figured out how to keep my friends from getting murdered in the streets because when I was nine years old, a year before this class, actually the same year as this class, my best friend George was murdered on a street in Compton with my next door neighbor tweet selling drugs, even though he was a student.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Thank you for having me. I'm honored to be here. By the way, my last book is Up from Nothing. That's my favorite one. That's my story of my failures, not my successes.”
2023-05-26 · Masters in Business · John Hope Bryant on Financial Literacy · IDENTIFIED FROM THE TRANSCRIPT · source