He was flashing money, now needs a gofundme burial? - Dr Boyce examines

Added: 2026-05-31

[00:00:02]Good morning everybody. Good morning.

[00:00:04]Welcome to Money in the Morning aka Economic Elevation aka Financial Consciousness. My name is Dr. Boyce Watkins. I hope everybody's feeling good today. I hope that you're feeling awfully black and awfully proud and everything else. Um I know I am. And I am proud to say that uh I was in the 5:45 a.m. club this morning. I got up and I exercised. Why? Why do we exercise? Because health is wealth. And uh y'all know this. I don't have to tell you this. Um because if you lose your health then it doesn't matter how much money you have. Uh let me know if you agree with that. If you know what I'm talking about. If you lose your health and all the money in your bank account can't save you from death, right? So let's uh as we start money in the morning, uh let's uh start exercising in the morning just a little bit. Just a little bit. Well, in fact, I I don't even really exercise for real. I call myself a runner, but that would be like a big old lie. I literally run about 40% of the time when I'm out. Like it's really like, okay, let's just move.

[00:01:01]Let's just do something. It's a constant negotiation. And uh and it helps because also it you when you feel better and your mind's working better, you're better able to to do stuff like uh I don't know, teach finance and stuff. So anyway, um all right. So what I want to do is I'm going to start off with uh this interesting topic that I saw that I thought was worth discussing. Um, and it has to do with this uh really tragic uh situation. I saw this poor kid who um uh was at a prom. You know, proms prom get crazier and crazier every year. You see a whole lot of whole lot of stuff at the prom that that that and and at the uh whether it's the prom or the graduation stuff that you know is uh probably after my time. U you know I I'm we didn't do all that jumping around and flipping and dancing and stuff at the prom. And I'm I'm not here to judge it. I'll just say the world is changing, right? And uh and you can make your own decision about how you feel about it. But uh anyway, um the other thing that's interesting in addition to what happens at the graduations is when you look at the proms themselves, has anybody noticed that? Like how the proms just get more extravagant? Like you'll see somebody you like riding in on an elephant, you know, or somebody I think I saw a kid that came to a prom in a private jet.

[00:02:19]His mother wanted him to get a private jet. I I don't know why. Um, you know, I got my student pilots license and one thing I learned about jets is that they are super expensive. Even renting one, a lot of these regular jets, these regular looking planes that that don't look like they would cost that much, they'll be like, "Oh, it's $8,000 an hour to fly this or 3,000." If you spend 3,000 an hour to fly a jet, you're getting probably a sub mediocre jet. If you want a nice one, you're gonna spend about5 or $6,000 an hour. Who got time for that?

[00:02:46]Ain't nobody got that kind of money to burn. But anyway, uh this kid's mom got him a private jet. Um I saw another girl uh come to the prom uh in a helicopter and uh you know, and I think there was an issue with parks and recreation or something cuz she didn't have the permits to land there. But and then maybe I'm getting this story confused cuz I think I saw another one where the girl got a or the daddy rented a helicopter and but he worked for the parks and recreation or something and they claimed he used the company credit card to pay for the hel but I don't know but that's all that's internet stuff. So maybe it's not true. I'm not here to I ain't I ain't going to snitch on the brother. I just was I I I'm just going to ask him like what you know what made you do that? That's fascinating. So anyway, so here's something here's a story that I wanted to bring up to you, and it's not because I want to make fun of anybody or um or dance on anybody's grave or whatever, but let me just show you this. There was a story about a poor kid who uh was at his prom um and he was flashing money. Did anybody see that? He was flashing a whole lot of money. Here it is. It's on my Instagram. My Instagram is Dr. Boyce Finance. He he's right here. He circled and he was he had a big stack of money. He was flashing money and something unfortunately happened where uh the poor kid got killed which makes me very sad. Um you know I think all black lives matter because you know not not just the George Floyds and the Lana Taylor but you got thousands of young people that lose their lives. Uh this infuriates me actually. I I I it angers me that politicians only pick certain situations for us to get outraged about. All of it outrages me but he ends up getting killed. So after uh so so somebody made a comment about it because they I didn't know this but after he dies uh there's a GoFundMe page to pay for his funeral. Uh it looks like here assuming this page is accurate his his name is Dion Llewelly III. Um $2,795 raised out of a possible 20K. Uh and somebody made a comment Donte Loftton.

[00:04:46]He said he said what people will think, but a lot of people are scared to say it because they don't want to be mean when when somebody passes. But he says, uh, things the black community go going to get me mad as at for saying, but I'm going to say it anyway. He said, "This child out here, luxury car rental probably $1,500. Custom suit another $1,500. Shoes $1,000. Prom send off probably $5,000. Cash in hand maybe $2,000. but no life insurance and no gun GoFundMe for another 20,000 to splurge for the Graham and the book. I guess the book is Facebook and the Graham is Instagram and uh and so tell me what y'all think. Do do you think that that's like do you think it's okay for him to say that or do you think he's just being a jerk? Like do you think it's kind of kind of mean? I mean, you know, the poor kid just you know, he lost his life which is very sad. All of us are sad for that. Um but do you think he has a point there? Do you think that maybe there's something there? um in terms of culture that that has to kind of be addressed and priorities. Uh you know, I I had a um I had I had an aunt that worked at the uh welfare office and one thing that she said was she said that she would see a lot of people that look like her where they will um buy what they want and then go beg for what they need, right? they they will buy, you know, they'll buy the shoes and the jewelry and the flashy stuff, but then when it comes time to uh pay for the things they need, like for example, a burial or whatever, it's like I now I'm going to go beg for that. And uh and and I think that we have to be careful in terms of having that conversation because it's a necessary conversation, but it's one that requires us to be sensitive to the depth by which brainwashing occurs uh in in our culture. The brainwashing is very very deep. Uh this starts when you're very very young. Uh there's a reason you want that flashy stuff. Somebody told you that these things matter. If you lived in, you know, Bangladesh or China, those things don't matter in China. When I was in China, uh I specifically remember, you know, I taught finance in China in 2005. I think that was the year it was.

[00:06:52]Uh and the students specifically told me, they weren't talking about African-Americans. I think they were talking about Americans in general. They said, "Here in China, we don't reward people being flashy. Like, we think that that's bad. We think that that that you're a clown. Like, you're stupid."

[00:07:07]And and so that a lot of it, so what people should understand is that a lot of of your economic thinking is based on what culture you come from. So if you come from a culture where you want to throw it up, flash it, you know, shine, you know, you know, but you know, put, you know, use the money as a phone and all this other stuff, even though it it, you know, it looks cool to you, maybe because you saw 10,000 rappers do it in 10,000 videos being funded by the Jewish community, you there are some cultures where they look at that and they say, "My god, that is such clownish behavior.

[00:07:38]That is that is very childish." And and and again, you can judge that how you want, right? because I'm not here to talk about what culture you should embrace. But what I will say is that there is a consequence and there is an expense and there is uh some investment you're making in in that culture when you make those decisions. Right? So, when I choose to uh be flashy with money or take my last $2,000 and go see Jake the jeweler or buy me a car when I could have put money in my investment account, I'm making a tradeoff. I'm making a trade-off. And you remember, I explained to you all what economics is. Economics is the study of the allocation of scarce resources. It means that that the resources you have that are valuable are typically scarce. You only have so much.

[00:08:22]You do not have an infinite supply of money. Tell me if you understand what I'm saying. Give me a yes in the chat if you get what I'm saying. You do not have an infinite supply of time. You do not have an infinite supply of attention.

[00:08:34]You do not have an infinite supply of energy. You do not have an infinite supply of love. You do not have an infinite supply of anything hardly that that is of value. So, so economics comes down to tradeoffs. Choices. Everybody got choices.

[00:08:50]See, I like hip-hop, too. Me, we played that song. Me and my wife played the E40 song. You know, ever told on the ego?

[00:08:55]Yep. Ever squeeze the trigger? Yep. Ever stand up? Nope. Ever build an app when he was down? Yep. You a s you a boss player? You a Mac? Nope. Oh, wait. Yep.

[00:09:06]I'm a boss player. Yeah, I'm a Mac. I'm not supposed to be that. Yeah. Let me hold a couple dollars. Nope. I still be popping y'all collars. Yep. But we we came out to that song and my my friend is uh was in the the way I was tell my buddy Willie D from the ghetto boys and and I didn't know this. I didn't even think to ask him, but he he knows E40. I keep forgetting rappers know each other.

[00:09:24]He said, "Yeah, I could have got him to call you on your wedding." I was like, "Man, that would HAVE BEEN GREAT, MAN.

[00:09:28]HE'S ONE of my favorites." But anyway, so so so here's the deal. Choices.

[00:09:33]Choices. Everything's choices, right?

[00:09:35]Every every single day you are an investor. every minute of your life, you're making choices. You have uh a free hour on your on your in your day.

[00:09:46]You make a choice. What am I how am I going to invest this time? Um I was running this morning. I I was it was the end of my run. I'd stopped running cuz I told you I don't really I walk a lot.

[00:09:55]And I was walking and pretending to be a runner and I saw my neighbor Tyrone who's a really great guy. And I had to make a choice. I said, "Man, okay, I got to get back to get my work done." But there's Tyrone and do I go home or do I call Tyrone? You better call him. Right.

[00:10:12]So, so I called Tyrone and I talked to Tyrone on his front porch for about 30 minutes because I like Tyrone. He's a great guy. But that was a choice. That was an investment decision, right? Cuz I could have said, "Hey man, yo, good to see you, brother. I I got to go." No, but I want to talk to Tyrone because we're both fathers and grandfathers and we have daughters and and we care, you know, we just talk about, you know, black man stuff and and we both he thinks the Spurs are going to win in the in the conference finals and and I said, "Hey, let's watch the game together."

[00:10:41]So, we're going to watch the game. So, that's what I'll be doing tomorrow. So, but the point is the m is that this was an investment decision. So, you got to understand investing happens every single day of your life. So, let's get back to this conversation about flashing money and the GoFundMe and all that. So, when you decide to invest in being flashy and your ROI is street credit, clout, you know, Instagram flex and that's your return on investment, right?

[00:11:08]You're you're making you're allocating a scarce resource and and there's a cost to that, right? So now because I chose to spend $5,000 on my prom, that's $5,000 I don't have for stock portfolio.

[00:11:22]That's 5,000 I don't have for a rainy day. That's 5,000 I won't have if something happens and you know and and we have to pay for a burial or something like that, right? Which nobody wants to talk about burying uh a 17-year-old. I mean, it's terrible. Um and uh and so so really uh if you don't think about culture when you talk about economics then it's going to be extremely difficult to build your economics because because strong economics do not grow in bad culture.

[00:11:50]Do you hear me? Let me say it again.

[00:11:53]Strong economics will not grow in a bad culture that is built on economic depletion. Do you follow what I'm saying? That is like trying to grow healthy food in toxic soil. You cannot grow healthy food in toxic soil where you're putting poisonous pesticides on the food. That's not going to work. So if you do if you want to confront black economics, you must confront black culture. You must ask the hard questions. You must do you must have the discipline to do the uncomfortable thing, which is to to to uh to kind of do a uh a CSI investigation on what happened to this poor 17-year-old kid.

[00:12:33]And why why the man who was flashing money, something I can't afford to do.

[00:12:38]It's not cuz I don't have the money.

[00:12:40]It's because I can't afford to flash money and spend $5,000 on a prom, I got to prepare for a rainy day. I got to go make investments, right? And and so so so really if you if you want the wealth to grow then the culture must evolve with it. If you don't have the courage to confront cultural inadequacies then you will never have the benefits of economic prosperity. Tell me if you understand what I'm saying. Put a yes in the chat to let me know you're following this. Let me know you're you're at least hearing what I'm saying. I'm not asking you to agree. You might have to think about it because I I I told you I've been thinking about economics for a long time. And I know I say stuff that people maybe have never heard, things that are weird. Believe me, I had to be a 54 year old finance professor who got his PhD 25 years ago to even get to this point.

[00:13:26]I've been driving down this road a long time. Okay? So, so I so so believe me, if wherever you are, I've probably been there, but I maybe got there when I was 28, 29 years old. Now I'm 54 and I'm looking at this and saying, "Oh my god."

[00:13:40]Okay, this is the insight that we never had. So you must confront the culture if you want the economics to grow. If you do not confront the culture, then the economics will not grow. I hope that we can agree on that. Now, let's talk about let's go back to, you know, when you talk about this young man and the unfortunate uh loss of his life, which makes me so sad. His life's just starting off. That ain't right. You know, it it makes it's just crazy to me that we are okay and we we normalize the death of young black people. I I heard I heard a rapper rapping I think it was Meek Mill and he was like street rapping or something back in the day and I was watching this whole video and I was listening to the lyrics carefully and every single lyric was um pop pop I'mma shoot a hole in your chest. It was it was literally like the KKK writing um very poetic and very creative ways to describe how different ways you can murder a black man. Like they don't like rappers don't just say I'mma come up and I'mma shoot you. Like that's not creative. Like you have to say um you know uh I'mma pop your top off or you know like or or I'mma I'mma put a hole in your chest or I'm gonna you know I'm I'm gonna pop your head like a lollipop.

[00:14:51]You have to say something like that, right? That's what you do the word play.

[00:14:54]There we go, Rod. You I'm not good. The rappers are good at it. They're very good. They would They would make excellent clansmen because they're really, really good at describing really cool, creative ways to murder a black person. Right. So, so I was listening to this and I said, "Man, isn't it interesting that there's a whole culture built around like dead black people like like different ways like like like you you look like me, so all I'm obsessed about is all the different ways I might pull out a gun and take your life." Um, and uh, and and it's so funny because we're so hypnotized by the creativity of the culture that nobody really sits back and really assesses and analyzes this.

[00:15:28]You know, I bet if artificial intelligence analyze some of the more toxic hip-hop lyrics, they'd say, "Oh, yeah, of course black people want to kill each other." All they do is they celebrate black death. So, of course, you're going to have death that comes out of this. Um, you know, I I I might have mentioned to you the rapper Young Ma when she got discovered on my Facebook page. That's I I put up her video. That's how she got her first record deal. I kid you not. And I use the word she, hoping she's okay with that because she's she's very, you know, she's a little dudish. So maybe she's a he. I don't know. I respect it all. But I did put I put it up on my page and and and this is something she she's confirmed this in multiple interviews.

[00:16:03]So it's not me just lying and making stuff up. And the question I asked was I said, "If you listen to these lyrics, she's super creative. She's super talented. And in every verse, she's talking about killing somebody." And I said, "Do you anybody else or is it just me? Maybe I was born on the wrong planet, but does anybody else find it a little bit contradictory when you will say things like black lives matter, but then you will celebrate an entire industry, a very profitable industry built around black death, built around murdering as many black people as possible. Do do you think that that's a little bit of a contradiction? Do you think that maybe that might be something you might want to think about a little bit? Or are we so stuck in the victim box that we refuse to take any accountability of the ideas that we promote? right? Uh at some point, uh the bigger question is not whether or not other people care about black people.

[00:16:53]Bigger question is do black people care about black people? Because when black people care about black people, I believe other people will be forced to care about black people. So when Michael Jackson used to say they don't really care about us, I agree. I'm like, yeah, I don't think they do care about us. But do us care about us? Do we care about us? Right? That's the big question.

[00:17:09]Because because it don't really matter if you care about me because if I care about me, then whatever you try to do to me ain't going to happen cuz I'm going make sure it don't happen. Do you understand? Now, if I don't care about me and I say, you know, I drank some bleach this morning. I put a gun down my throat and I wanted to stab myself in the testicles this morning. How do you feel about me? It doesn't matter. You could really love me to the ends of the earth. But if I don't love myself, then nothing else matters. Do you understand?

[00:17:35]Has you ever tried Has anybody ever tried that? Has anybody ever tried to love somebody who refuses to love themselves? Have you ever gone through this? Am I the only one who's been a sucker before? Have you ever tried to make somebody care about themselves when they didn't even care? Motivate somebody who didn't want to be motivated to do anything like like you're you're tell you're you trying to help them see all the possibilities and they're choosing they're refusing to see them, right?

[00:17:59]It's really really frustrating. If you don't want it FOR YOU, THEN I CAN'T WANT IT FOR YOU. I can want it all day. We have We go through that with our kids.

[00:18:08]Anybody else that got like stuff with your kids where you're like, I want this for you. I want you to be happy. I want you to be successful. They're like, "No, I WANT TO BE MISERABLE. I WANT TO MAKE DUMB DECISIONS. I HAVE I WANT TO KEEP my low self-esteem." You can't put that in somebody. You can't inject somebody's self-love. You They got to get it on their own.

[00:18:27]So, white folks can't teach black people how to care about black people. I know you used to getting all your instructions from NASA and his crew. You used to Everybody else telling you educ They educating your kids. They tell you what matters. They tell you what to get excited about. But no, I'm sorry. This is something you cannot outsource. You cannot outsource self-love and self-esteem. You you can't do that.

[00:18:49]That's why they call it self-esteem comes from yourself. So, so really, you know, when when I think about this and I and I think about the culture that's built around black death and and the tremendous cost. I mean, this is this this impacts the economics, but it's deeper than the economics in the sense that um a community where where where like a big chunk of your men won't even live past the age of 25, how the hell you think you going to build what building wealth is the least of your problems.

[00:19:21]You're trying to start a gourmet restaurant in a burning building. That's not going to work. Like, you don't even have the basics together. like like the basics of wealth, you know, the basics of like fertile economic soil is like um healing like like you got to get rid of the trauma. Uh broken families, you have to have stable families typically. Um you have to have uh just the basics required for people to even begin to focus on the higher level objectives.

[00:19:49]It's like a it's like when a kid goes to school, I can't teach the kid math if he didn't eat that morning.

[00:19:57]can't get him to focus on biology if he's worried about getting shot after school. So, so his safety, his well-being, so from a social standpoint is is is kind of a preliminary. It's in mathematics, we call this a necessary though not sufficient condition. It is a necessary condition to even begin the wealth conversation. It's not sufficient. It doesn't mean you're going to build wealth. It just gets you in the freaking game. Like me being in the basketball game is a requirement for me to have a chance to win. But once I get in the game, then I got to figure out how to win. So, a lot of times our people don't win the game because we ain't even in the damn game, you you It's hard to be It's hard to win the wealth game when you're not safe. It's hard to win the wealth game when you don't believe in yourself. It's hard to win the wealth game when you get boxed out and boxed into a lifetime of debt and paycheck to paycheck lifestyle.

[00:20:45]Like, that's a dream killer. So really a big chunk of what your job is as a parent, grandparent, uh mentor, whatever it is you do is to position the children so that they can at least even play in the game. So for a black man to play the wealth game, he got to be alive. That's the first stage. So you got to keep them safe. Um for a black child to play the wealth game, they have to be uh free from extreme debt like student loan debt, stuff like that. They have to have assets. Um, for them to play the wealth game, they have to have things like self-esteem so they don't drain themselves trying to impress white people their whole life. They can actually be impressed with themselves enough that they don't have to waste their energy, their allocation of scarce resources, their attention, energy, and time on doing things that are going to appease their master, right? They they do things that will appease the people that they care about, right? So there's a whole like almost like a like a preparation process that you must go through to get ready to play that game on a higher level. The economic game and it comes from your culture. It comes from your culture. So uh so I if you want to know I I'm deeply offended by the fact that there's a whole entertainment industry built around dead black people. I I just think that that's and it's fascinating to me that people don't see the connection, right? really. So, um before I move on, I want to mention that uh I don't know if David's here or not, but uh David's here and he can give his number in case you want to. There he is. There's David.

[00:22:06]There he is. I I see you, man. I see you. And David always I always ask David for the same number every day. But I but I'm going to impress you, David, because I got your number right here. So, David, if you want to do a consultation, David's setting up these little small group sessions. So, if you want to meet uh in a smaller group, it allows us to keep the cost down and stuff like that.

[00:22:23]Um there's like five people there and we can talk and stuff like that. Uh you can uh call the number, write it down. 313 3988420 313-3988420.

[00:22:34]And in these sessions you can talk about whatever you want. Some of you may want to talk to me about stock options, stock market investing, your family wealth plan, or you just want to ask me what my shoe size is. I that's cool. Whatever whatever I can help you with. Um not that my shoe size matters, but still sometimes you may want to talk and have a meeting. So, uh, David has these little sessions set up and so feel free to call that number 313-3988420.

[00:22:55]Also, um, uh, I got some we we finally hired that team of crack just gangster educators that where we're going to educate our kids and the Black Millionaires of Tomorrow program. We're doing our first ever Black Wealth Boot Camp for Children this summer and it starts on June 10th and they're going to have an open house on June 6th. So, here's the link if you want to join the Black Wealth Boot Camp for Children. So, uh that and the guarantee is that when your child is done, they will have a financial literacy level that exceeds the college educated adult. Uh if you don't feel that way, then let us know and we will give you your money back.

[00:23:29]That's how good we are at what we do. We are the best on earth and we want our goal is to prepare the next generation of economic super soldiers in our community who are going to own the stocks. They're going to own the real estate. They're going to own the businesses. They're going to run run society. So, uh the best of the best.

[00:23:42]Thank you, Cheryl. That's 100% true. So almost like economic versions of like Navy Seals except I want to see like a million of them and then at that point they're just going to they're not just going to conquer the US or conquer the world because in Africa there's so many opportunities to uh join forces with our brothers and sisters over there uh and and dominate economies. you know, black people can dominate spaces. Not maybe not the whole planet, but but we, you know, a lot of economics, people don't understand how much of it is built on uh you know, discipline, uh built on preparation, uh built on uh understanding strategies. If you and I don't care if you're black, white, or anything. I mean, this this is the part that just infuriates me. Maybe it's because this is what I study for a living, but there's nothing about being black that says you can't be prepared.

[00:24:27]There's nothing about being black that says you can't have assets. There's nothing about being black that says you can't have strategy. And uh for whatever reason, some people think that being black in itself is an excuse to not do your best. And I I just I just vehemently disagree with that. So I want to encourage everybody. Let's just do our best. Let's just get in here and fight and see what happens. And uh and and and then also learn from the winners because there are people out here that are winning and that's who that's who you'll be learning from. So anyway, the link is in there. I'll text it out to you. Also, if you want to get updates as well, uh, pull out your phone, text the word youth to the number 87948. So, text youth to 87948. Now, let's go back to this. I I wanted to talk a little bit more about this this poor kid who was flashing money at his uh prom and then uh he ends up um getting killed that day. And and here's here's another thing, too. This is little fact I just got to mention is that you got to be real careful when it comes to money, especially when you're in a place where money is scarce. uh when you flash money. Um again, I don't know what happened here. I don't know why he got killed, but I do know that money does make you a target. All right? Money does make uh you a target for people that want to rob you, people that get jealous of you, people that want to sue you, destroy you, whatever. And uh and so I would encourage all of you when you get wealthy, I I would if you ask my two cents, I would say keep it to yourself.

[00:25:44]you know, when you get, you know, the the the the strongest wealth is typically quiet wealth, and it's built around self-esteem and asset protection.

[00:25:52]So, one aspect of asset protection isn't just insurance and all this other stuff.

[00:25:56]It's literally keeping keeping it to yourself. Everybody ain't got to know how much money you got in your bank account because, believe me, when you tell broke people how much money you have, you're going to get their attention. And and it's natural. It's I mean, it's a human instinct, right? I mean, think about this, you know, just like an animal. If a if a bear is hungry and he smells food, what what's he going to do? He's going to be like he's going to go look for the food source, right?

[00:26:21]So, sometimes you just got to keep it to yourself. You know, I I know uh I know some families that came into a lot of money and they you know, one of them had a consultation with me and they said, "Yeah, well, you told us that when we if we get some money to keep it to ourselves." I said, "Yes, don't tell nobody." And then I think I think the the husband said, "I I haven't even told my daddy. I haven't told anybody." And I said, "Good. If I I just I just think keeping it to yourself is important because because it there's a lot more pressure, right? Think about this, right? A lot of times we say things like, "Hey, let me if you need any, right? It doesn't mean anything cuz you got nothing really to give like that, right? But what if you're a millionaire and you say, "Let me know if you need anything." Well, then now if somebody needs $1,000, you can't be like, "Oh man, I ain't got it, dog. I They GOING TO KNOW YOU'RE LYING." THEY'RE GOING TO KNOW YOU'RE LYING. SO, SO, so it's like, so now it like it'll make you a little bit paranoid. You'll be like, you'll be like, I I don't I want to say let me know if you need anything, but I don't really mean it. Like, because people will will really check you on that, right? So, a lot of times just keeping it to yourself and being humble is is a great wealth protection strategy. Don't go flashing money on Instagram. That just don't work out. So this poor kid um you know he so he he unfortunately he lost his life and then they have the GoFundMe up to pay for the funeral and and this person Dante Loftton who I think has a legitimate right to ask that question just kind of said okay what's going on like how did you spend thousands of dollars on the prom but you don't have enough money for uh the burial. Well, let me go through for those of you that uh want a real solution. Let me talk to you about average cost the average cost of life insurance for a 17-year-old. Um did you know that if you want to buy uh $500,000 worth of life insurance for a 17year-old? Uh a 30-year term policy that will cover him till he's 47 is about $25 to $35 a month. And if you want whole life, which covers him for his whole life, uh it would be 300 to 340 a month, right? So, you can either go the lowcost route or the higher cost route. Um it's not that much. If you get $100,000 worth of uh insurance, the average cost of a 30-year term policy is $10 to $15 per month. $10 to $15 a month. And whole life is $60 to $75 a month. Okay? Now, uh now you think about this, right? Let's assume you want to go big, right? you want to get a whole life policy for your 17-year-old child and you're like, "Man, $300 a month, that's a lot of money. What am I going to do?"

[00:28:49]And I get it. I understand. But some of y'all some of y'all are doing okay. So, let let me just tell you uh let's break that down. All right. So, $300 a month is about $10 a day. Um here are some things. So, for people that say they can't couldn't afford something like that, let me lay out some things you could buy for less than $10 a day, just so you can compare. Uh you could buy some coffee at Starbucks. You can buy um a breakfast combo at McDonald's. You can buy a 6 cent sub sandwich from Subway.

[00:29:16]You can buy two Monster Energy drinks.

[00:29:18]You can buy a pint of ice cream from Ben and Jerry's. Uh you can go through a car wash. You can buy a digital movie rental on Amazon. You can get a couple gallons of gas. It won't fill up your whole tank, but it'll get you around the block. And uh or you can buy a paper paperback book from a local bookstore or a slice of pizza and a soda from a pizzeria. Okay. So, if you can afford any of these things, then you can for afford even the real expensive insurance. But if if that's still too much, I understand. Get then get just get the term policy cuz I think the term was uh $25 to $35 a month. So, now you're talking about like a dollar a day. That's like feeding, you know, remember those old commercials back in the 80s where they would be like you for a dollar a day you can feed a child, right? You can you get what I'm saying?

[00:29:59]All right. So, so here is um let let's go deeper. Let's talk about the $300 a month number. Uh I've asked you all about things like uh either, you know, doing something with your insurance, which I think is just a necessity for everybody, at least some sort of term policy, and also the 5-year pledge, right? So, if you're um talking about the 5-year pledge where I've literally just said take the amount that you might put in your car note and do the same thing for yourself. Don't love the car dealer more than you love yourself. So, this is not an exercise in finances.

[00:30:29]This is an exercise in love. It's an exercise in self-respect. It's an exercise in self-esteem. Do you care about yourself and your family as much as you care about the car dealer and the cell phone company and your your boss that's telling you what to do? If the answer is yes, then uh that's what the 5-year pledge does. And put it into an S&P 500 index fund. I even give you the tickers. Uh my favorites are SPY, VO, Victor, Oscar, Oscar, stuff like that.

[00:30:53]And on top of that, um, if you haven't noticed, in case you haven't noticed, as of today, May 29th, 2026, the stock market is on fire. Have you seen, has anybody seen this stock market lately?

[00:31:06]If you have not seen it, I encourage you to open your eyes for a minute and just spend 30 seconds and I need you to look and see. When people are asking like, "Where's the money? Everybody's struggling. Ain't no money out here." I say go to CNBC and I want you to see all the celebrating white boys that are like because there's so much free money dropping out of this market. These AI companies, my Lord Jesus, did anybody see Dell computer went up like 45% yesterday? Did anybody else see that?

[00:31:38]Let me see if I can find I have a chart.

[00:31:39]This ain't even the real chart. This is the This is the chart um that happened before last night when it went up another 34%.

[00:31:48]Look at that. Look at that. That's 72% in a week. 72% IN A WEEK. And it's and that's not the actual price. The actual price I got to find the the actual price of Dell is um much higher, I believe.

[00:32:04]Let me let me see here. Dell stock price. Let me let me use let me go to the internet. Um okay, let me see. 446.

[00:32:14]Okay, I was wrong. I was wrong. I was wrong. Okay, it looks like it cooled off a little bit. Okay, but it's still over $400 and something dollars. That part's right, but I thought that you know what I think it went down. I think it went as high. It went a little higher and then it dropped. I don't know. I maybe I was all my brain. But anyway, the point of the matter is to say that that there's this this freaking thing is on fire. And and and if there's any message that you can just share that's real simple for any of your friends or family that says it's hard to find money out here, um I need you to just tell them no, no, the money's over there. And I want you to point toward the stock market. That's where the money is in America. That the stock market is the greatest wealth generator in the history of this earth.

[00:32:55]Not in America, in this earth. And so if you are not in the market, then it's it's like a I don't Like the stock market is like a room full of ice cream.

[00:33:05]And and you have some people that are like, "My god, it's cold in here. I'm swimming in ice cream." And then you have some people that say, "Oh my god, it's so hot. It's 100°." Well, you got to go in the ice cream room. Go into the ice cream room. There's plenty of There's strawberry, there's chocolate, there's bill and there's hug and dust.

[00:33:20]But some people just don't go in there.

[00:33:22]Maybe because people told them that it's a whites only room or they told them that you're not smart enough or because you didn't take a class in finances. And and that's where I can step in. That's my superpower. Um, uh, I talked to a pastor once who ran I think the Southern Baptist something something. It was a big organization. I don't remember. I was sitting next to him at a meeting I had with, uh, Pastor Kevin Cosby in Louisville, Kentucky. And he said, and he said, "If I bought you down, could you explain in the stock market to uh to our people in in a couple of hours?" I said, "Um, I can explain to you how to get started in the stock market with $5 in five minutes. It's that straightforward." And that again, that's my that's my little superpower. And it's because I've done nothing but extensive research on the market and been able to sift through and say if you just know this right here, then you're fine. If you and literally um and this is something that's easily proven. And so, so what I want you to do is I want you to stop talking yourself out of it. And I want you to stop letting people you love talk themselves out of it. Because what occurs is that because you miss the money and you walk away from the money, you walk you're walking toward the suffering, right? The there again, the ice cream room is right over there. The stock market is just it it's it's it's literally baffling the experts that so much money is being made. When Elon Musk comes out with his SpaceX IPO, that's going to make him the first trillionaire. And when I and and here's the thing, um the game is rigged. uh the NASDAQ changed the rules specifically for their IPO to make their insiders very very wealthy. Um everything that you might assume about uh various forms of internal corruption is 100% true.

[00:35:05]But the thing about it though is that despite the fact that this corruption is completely accurate and completely true, um that does not mean that the market is rigged against you. It just means like, okay, this is where the white boys are going over there making all this money.

[00:35:21]I I would encourage you to go get your piece of it because there's nothing stopping you from doing that except for yourself. So, so let me dig back into this. So, let's go back to the life insurance thing. Let's say you want to get a whole life policy. You want to get the good stuff that's $300 a month or you want to do the 5-year pledge at $300 a month. Um, let's talk about some things that you that would cost uh more than $300 a month. uh your rent or your mortgage, uh groceries and household supplies, your auto loan, like whatever you pay for your car, health insurance premiums, child care or daycare, monthly utilities, student loan payments, going out to eat, um and entertainment and recreation. The average American spends more on entertainment and recreation than that $34 $500 a month. So, what I would just say to you is that if you want a healthy investing strategy, just make sure like spend money on whatever you want. Just make sure that before you do that, you kind of pull out the amount for the necessities. And that is an aspect of what I refer to in my book, the Ten Commandments of Black Economic Power. I call that economic maturity.

[00:36:23]Economic maturity is not the absence of financial fund. Economic maturity does not mean you can't splurge. Economic maturity does not mean you can't act a fool sometimes and buy something stupid that you want. I want to make that clear. Economic maturity just means that before you have fun, you handle your business. Economic maturity means you uh work hard and you play hard, right?

[00:36:45]Economic maturity means that uh you know you you do uh I I like that term earn your leisure. You earn your leisure. You don't just take the leisure without earning it. You don't do unearned leisure. You earn the leisure, right? So So you say, "Hey, you know what? I deserve to eat at a fivestar restaurant because I put in the work. I deserve a first class plane ticket because I work extremely hard. Uh, I deserve to buy me a Gucci bag because because I've been saving and investing and now my stock portfolio wants to buy me a Gucci bag, right? It's like it's like when you raise a baby like my wife uh you know or I told my wife that I told my parents I said you know you p you've put so much time and energy you allocated so many scarce resources toward raising me your time your attention cuz daddy you could have been out getting girls mama you could have been out you know living the the city girl life you could have been on only fans model or something but instead you chose to sit sit at home and deal with me for x number of years now I've grown up and now I have the ability to do things for you so I'm going to do these things for you as a reward for your investing in me. So, I am like your little asset. Well, your stock portfolio is the same way. Your stock portfolio said is like a child or your business is like a little child. So, you you you slave for the child. You sacrifice for the child. You give the child your extra time, energy, and resources. And and you do that over a long period of time where you've been feeding the baby. And then your stock portfolio gets big and grown like a big grown man. And now it's it's sitting at it's it's it's $150,000 and it's earning money while you sleep. And then the stock portfolio says, "Thanks, mom, for giving birth to me because you love me so much and you pour it into me.

[00:38:21]Let me buy you a Gucci bag, Mom. Let me get you a new Mercedes, mama. Let me pay off your house." See, so, so really raising a business or raising wealth is a lot like raising a child. And this isn't just metaphorically true. This is mathematically true. When we were studying the mathematics behind how money grows, you can write equations down to predict how much a money supply will grow based on interest rates and and risk and all these other things.

[00:38:46]Well, all these equations came out of biology, right? So, literally the same math behind how um a stock portfolio grows is exactly the same math behind how a baby grows or how a plant grows or how uh how crops grow, you know, how anything grows, right? So, if you want to understand how money grows, then then just think about how your little one-year-old turned into an 18-year-old.

[00:39:10]How did that cute little baby with chubby feet turn into this big grown man with hair on his chest with a deep voice and, you know, who who who who acts like he makes his own decisions, right? How did that happen? You know, and and did you did you see that happening? Well, you knew it was going to happen. You knew it in theory, right? You left the cute little baby and you knew theoretically the baby was going to grow up and be a grown man, but in your mind you're like, "No, it's just a little baby." So, you get tricked. Like, we get tricked as parents. You ever go through that where you look at the baby and you feel like the baby's going to be a baby forever and then suddenly the baby comes in and says, "Hey, mama, I got a date tonight." You're like, "Wait, but you're my baby. You'll always be my baby cuz your mind gets stuck." And it's like sometimes we do that. We see ourselves as econ economic babies, right? We see tiny amounts of money. We see that tiny little business, that tiny little stock portfolio. This little thing ain't got nothing but $3,000 in it. It's always going to have $3,000 in it. So then you get trapped in the moment. You know what I mean? Like you're you're broke and the money's low and and you get trapped by the lies. There are lies, lies, lies that they tell you where they make you believe that if you broke today, you supposed to be broke forever. That if you were born poor in 1979, you supposed to be poor in 1989, 1999, and 2009. And I'm here to tell you that that is a lie straight from the depths of hell. curse that [ __ ] TO THE ROOT BECAUSE THAT'S NOT TRUE. THAT'S NOT TRUE. The reason if you do find some way to start broke in 1979 and still be broke in 1989, still be broke in 1999. Well, your $3,000 in 1979 is still $3,000 in 1989 and 1999. That's because you didn't feed the baby. You didn't feed the baby. Because if you fed the baby by doing things like the fiveear plan pledge that we talk about the $5 a day plan and just said I'm going to just feed the little baby just whatever. We just give him a little something to make sure he make sure he keeps growing. That 3,000 in 1979 becomes 20,000 in 1989 which becomes 80,000 in 1999 which becomes a 40 million in 1999. That just like your child grew from a baby to a grown ass man. your portfolio supposed to do the same thing. But it only happens if you feed it. If you had stopped feeding the baby when he was two, then he never would have been bigger than 8 lb 4 oz.

[00:41:25]Do you hear what I'm saying?

[00:41:27]So, you got to learn how to feed THE BABY. DON'T LET THEM TALK you out of feeding the baby. They're lying to you.

[00:41:34]They're trapping you psychologically to the point where you think that that which is in front of you is that which is what it's always supposed to be. That is no more delusional than a parent who has a little two-year-old and thinks the baby's gonna be tiny for the rest OF HIS LIFE. Y'ALL KNOW THAT AIN'T how it works.

[00:41:53]God did not invent those rules.

[00:41:56]Oppressors did. Colonizers did.

[00:41:59]Smallminded Negroes did. But that's not God's rule. That's not God's plan. God's plan is for that little tiny baby to become a grown man.

[00:42:09]The only way that doesn't happen is if something shortcircuits the process.

[00:42:16]So whatever your wealth is today, if you do what you're supposed to do and you stick with God's plan for your wealth, not my plan, not your plan, not his plan, God's plan, then whatever your wealth is now, it's going to be higher in the year 2030.

[00:42:35]And whatever it is in 2030 is going to be higher in 2035, 2040, 2045, 2050. And and one of the things you have to understand about how you view this process is you got to really talk about see remember my specialty in my doctoral program was something called asset pricing. That's how you figure out the worth of something. Is it high value or low value? So when when Kevin Samuels was talking about high value, low value, man, a lot of mechanics were going off in my head like how do you measure value? Which metric are you using? What what mathematical model do you use to define value? Well, let me tell you how the stock market gets valued. Let me tell you, this is going to explain to you why Elon Musk is going to be a trillionaire.

[00:43:16]The stock market doesn't value an asset based on what it is right now. If that were true, SpaceX would be worth 0. It would be it would be worth negative money. They lose money at SpaceX.

[00:43:30]But the reason SpaceX is going to be worth 1.5 trillion after that IPO is because people are looking down the line and they're looking at what it's going to be worth in the future.

[00:43:41]That's what they're doing. They're looking down and they're saying, "Well, they're not making any money now, but in two or three years once they launch more satellites and once they they put data centers in space and once they colonize the moon, they're going to they're going to open up whole new industries. They're going to start mining asteroids. because they're doing all these things that are not even possible right now. So, so a lot of seeing your worth really comes down to you understanding that mechanic because what you can then do is you then have real genuine hope, not not the the nonsense, not the false hope. You have real hope for the future because you're seeing the potential, right? You look at a little baby and you don't see a baby anymore. This is why consciousness matters. This is why I call this class financial consciousness because consciousness is the ability to not just see what something is but to see what it can become. Do you understand? You're not living in a three-dimensional world at that point. You're living in a fourth and fifth dimensional world because you're seeing all the possibility of that thing. And that is very real. You can do that. You we have ma this is how we were some math ninjas up in there. We we could mathematically calculate not what something is but what something could be and make that into a formula.

[00:44:50]That's where stock options come from.

[00:44:52]Right? So ultimately what I want you to practice doing is I need you to stop worrying about right now. Stop worrying about what's in front of you and start seeing what could be if you decide to feed the baby.

[00:45:09]Your wealth is the baby. Your business is the baby. Your dream, your potential, that's the baby. Are you going to feed the baby or not? Because hope might sound um uh just like theoretical. It might sound uh metaphorical. It might just sound emotional. No, hope is important because when you don't have any hope, then guess what? You don't feed the baby. Cuz who the hell invests in something that they don't believe is ever going to grow?

[00:45:38]If the baby's dead and you believe it's dead, let's say the baby's alive, but you really think it's dead, then you're going to stop feeding it. Then then what's going to happen? It's really going to die, right? So, a lot of you have the little babies and you have to decide if you're going to feed it. And ain't nobody else going to do it but you. I don't believe white folks are going to feed black babies. I don't believe that anybody's going to feed your baby. You have to make that decision. And and but here's the thing.

[00:45:59]The the thing that gives you power.

[00:46:01]Things that the thing that gives you value there is is is is believing in that thing and investing in that thing and feeding that baby and feeding it to the best of your ability because that gives you the best chance to win. That's how wealth grows. Wealth grows the same way a child grows, the way a flower grows, the way food grows. Plant the freaking seed. Feed the baby. That is how you will be rich. There is no freaking law anywhere that says that because you're poor in 2026, you supposed to be poor in 2032. That's nonsense. And and and if you want to know why I walk around like an angry black man, why I piss so many people off. Why small-minded people can't even can't even comprehend what I'm talking about, it's because I get tired of us being left behind because people will steal every ounce of hope and possibility that we have and say, "You ain't nothing but a negro and your life ain't going to get better until white folks agree to it." You ain't going to agree to me winning. You're not going to make that decision, sir. that decision has already been made. Period.

[00:47:11]I'm done talking. I don't have anything else to say. Um, thank you for listening. I had no idea I was going to say all that. All right. So, let me uh let let me So, on my if you go to my Instagram, my Instagram is Dr. Boyce Finance and uh and and I put some I always like to put little stuff up there. Like, here's one thing that I put that was I thought was kind of funny.

[00:47:30]Um, a lot of little girls are being tricked into thinking that Only Fans models make a lot of money. But let me just show you a little stat that I thought was hilarious. So, it turns out that Only Fans model, most of them are quite broke. Uh, so they taking off their clothes for nothing. Uh, the median Only Fans creator makes about $2,800 a year, which I think that's about $250 a month, maybe, something like that. And so, the bottom 50% make under $100 a year. Uh, and uh the then you have the average, which is skewed by the extremes, that's 1,800 a year.

[00:48:03]Now, if you get in the top 10% of Only Fans creators, uh you make 60,000 a year. The top 1%, they're the ones who do really well, 200 to $500,000. So, so to to me, uh the these little Only Fans um things where they want to be these content creators, that's kind of like they're kind of like doing to young women what the NBA and the NFL does to little black boys, right? you know, when you see one guy that got the $100 million contract, but and you're you're thinking everybody's getting that, and you don't realize that there's 9,999 other guys who didn't get it, right? So, the same thing has happened with the Only Fans thing. So, if you have a daughter that says, "I'm thinking about being an Only Fans content creator," you might want to have that talk with her and uh and let her know that that's probably not going to get her anything other than a lot of humiliation. Did anybody see where Larry Fishburn's daughter decided that like she hung out with the Kardashians and she thought she was going to be the next Kim Kardashian and it didn't go so well for that poor thing? I think her name was Montana Fishburn. It was really sad. Yeah, look at just Google it. It was it was very sad. She got into the adult industry and uh it didn't go well for her. Last time I saw the poor thing, she got arrested or something and it it's just sad, right? So, if you're going to have a dream, chase chase a good dream. Chase the right dream. There's plenty of nice, safe, healthy dreams out here. Um, and and the financial literacy is important because the more economically intelligent you are, the more likely you are to be able to pursue a dream that's going to be safe and beneficial and and really give you a true quality of life, right? Not just the money. The money alone won't do it. Um, you have to have the other things like the inner peace and you have to feel good about what you're doing. You have to have a passion for what you're doing, things like that.

[00:49:40]So, uh, so let's aim for that for our kids. Um, speaking of that, a couple more things before we go. So the as you know the uh black wealth boot camp for kids from the our black millionaires of tomorrow program that is going to start on the uh 10th uh and I hope you guys will will are encouraged to be a part of it. I hope that you and if if money is an issue like email our support team uh supporttheblackschool.com or maybe you have multiple kids or something like that. Uh they can help.

[00:50:05]they can, you know, we we have little scholarships, things like that. Or if you have some extra resources and you want to fund other kids that we can let in for free who maybe don't have the money. Uh let us know the email address for the support team is support attheblackbuschool.com.

[00:50:20]That's supporttheblackuschool.com.

[00:50:22]And uh Rod says last night's meet and greet was fire. Good. Yeah. Be I forgot to mention that. Yeah. So Chanel wants to do like meet and greets where you guys can really get in there and hang out with each other on our social media platform. If you haven't been invited, I I I I'm remissed not to mention it. Uh it's b1nation us. Be the number one.

[00:50:41]B1nation us. Cheryl says, "I couldn't get in." Well, you know what? Um they should let you in. What happens is you have to knock on the door. They have to make sure you're not a bot, right? And and that's when they let you in. But when you get to b1nation us, not.com us, then you're going to fill out a little form. You have to answer a couple of questions so they'll know you're human.

[00:51:01]So, make sure you give a decent answer and or just mention my just say Dr. Boy sent me or something like that and they'll let you in. And uh and it's a cool little social media platform like our own little Facebook and uh and and so that we they're going to start doing some meet and greets there so you guys can interact with each other. Uh but also uh with the kids uh program, here's the link if you guys want to join. We start on the 10th. you can drop your kids off and drop your kids off at the pool and um and and and we'll take good care of your kids and make sure that when they walk out they'll be little economic geniuses and you'll be super impressed and excited and you won't have to do all that extra work and uh we'd be happy to support you on that. Last but not least, uh if you wanted to meet with me one-on-one or in a small group setting, uh you can call David. Uh David uh he represents me and and and and uh and he's he's family. So I I love this.

[00:51:50]I love the kid. His number is 313-3988420.

[00:51:54]313-3988420.

[00:51:56]So feel free to give David a call and uh talk to him as well. All right, so God bless you. Have a great day everybody and I look forward to seeing you soon.

[00:52:03]Take care now. Bye-bye.