Literacy Kings: Financial Literacy, Entrepreneurship, Money, and Books with the homies

Book Overview The Book: Think and Grow Rich by Napoleon Hill "Think and Grow Rich" is one of the most popular self-help/wealth building books of all time. Written by esteemed author Napoleon Hill, "Think and Grow Rich" exhorts readers to fill their minds with positive thoughts and affirmations as a means of acquiring the riches and success one desires. Repeatedly reprinted for decades, very few books have proven to be as useful and resourceful for so many generations of people across the world. Reviewed By: Dr. DeWitt Scott

Book Overview The Book: Binga: The Rise and Fall of Chicago's First Black Banker Covering a critical moment in the history of Black capitalism and achievement in the 20th Century, Don Hayner's Binga is an incredible work that chronicles the life of Jesse Binga, the first Black person to own a bank in the city of Chicago. From his humble beginnings as a fruit peddler to his ascension to the top of the banking and real estate world, each twist and turn of Jesse Binga's life provides an insightful lesson about race, class, racism, and ambition. Published in 2019, this book is an asset for students seeking context on the economic conditions of today's Black community. Reviewed By: Dr. DeWitt Scott

Book Overview Book: 3 Kings: Diddy, Dr. Dre, Jay-Z, and Hip-Hop's Multibillion-Dollar Rise Based on interviews from family, close friends, business partners, and the subjects themselves, "3 Kings" pulls back the layers on the financial rise of hip hop's three wealthiest artists: Jay-Z, Diddy, and Dr. Dre. From their childhoods in the inner-cities, to their successful rap careers, and their inspiring business success, Zack O'Malley Greenburg gives readers the blueprint of how these three icons changed the way artists monetize their skills. "3 Kings" serves as a case study for the marriage of hip hop and entrepreneurship. Reviewed By: Dr. DeWitt Scott

Episode Overview Start With The End In Mind. The KEY To Your Financial Journey Is Knowing Where Your Going

Episode Overview What's The Difference Between Financial Purpose vs Desire? Knowing It Can Unlock Your Next Level

Episode Overview NEWS - Netflix partners with Microsoft on ad-supported subscription plan - Alphabet (Google) 20 to 1 Stock Split - Unborn Child Support Act MAIN TOPIC - Five Parts of a Financial Plan Let's break it down!

Episode Overview This Might Be The MOST Important Step In Achieving Financial Freedom

Episode Overview Find Your Financial Strengths By Doing THIS

Episode Overview The Book: Security Analysis "A road map for investing that I have now been following for 57 years." --From the Foreword by Warren E. Buffett First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing,” have withstood the test of time across a wide diversity of market conditions, countries, and asset classes. Reviewed By: Dr. DeWitt Scott

Episode Overview Will's Words: “This is one of them stories I'm not proud of, but it's the truth... I had done 'Independence Day' the year before, so I was like, 'Eh, I'm not doing another alien movie, I don't want to be the alien movie guy." And when it came to the script he said, “I didn't get it when I read it. It's a hard movie to pitch. You know: 'Everybody lives inside a computer.' It was only when I saw it that I really got it. They came in and made a pitch for 'The Matrix'. As it turns out, they're geniuses. But there's a fine line in a pitch meeting between genius and what I experienced in the meeting.”

Book Overview The Book: The Wake Up Call- Financial Inspiration Learned from 4-44 by Ash Cash Based on the “4:44” album created by rapper Jay-Z, The Wake Up Call explores financial literacy and wealth building through the album's lyrics and major themes. Ash Cash translates the lyrics and their meanings into book form, and readers are treated to analysis that is authentic and insightful. Among other topics, Ash Cash examines Jay-Z's thoughts on entrepreneurship, personal credit, and real estate investment with the intent of promoting economic empowerment within the Black community. Reviewed By: Dr. DeWitt Scott

EPISODE OVERVIEW Stocks and Crypto are CRASHING. THIS Episode Can Help You Prepare For The Financial Winter. 

7 Steps to Building REAL Wealth (The Richest Man in Babylon) | Book Review Book Overview The Book: The Richest Man in Babylon by George Clason The Richest Man in Babylon is one of the most popular, widely-read books on the topic of personal finance and money management. The author breaks down complex financial principles in a way that is simple and accessible for anyone regardless of age, income level, or net worth. Readers walk away understanding that wealth building is about building the right habits and executing consistently. Accessing the right information is the first step to building wealth, and The Richest Man in Babylon is a great tool to begin the journey. Reviewed By: Dr. DeWitt Scott

EPISODE OVERVIEW Today we break down the best way to get rid of analysis paralysis when it comes to making money.

Book Overview The Book: The Little Book of Common Sense Investing by John C Bogle Known as one of the best investors of his era, John Bogle has written a quality text with a simple, straightforward message for anyone seeking strong gains from the stock market: stick to index funds. The track record of index funds, particularly the S&P 500, is encouragement enough to buy, hold, and anchor your portfolio with these assets. Bogle provides decades of data and analysis to support his thesis. Whether you are new to stock market investing, or a long-term investor with years of experience, The Little Book of Common Sense Investing can serve you well on your journey to wealth accumulation. Reviewed By: Dr. DeWitt Scott

This season we go over Will Smith's autobiography "WILL" and break down the financial lessons the actor's story provides. S8 Ep5 | These Decisions Might Be COSTING You MONEY. How To Fix It

This season we go over Will Smith's autobiography "WILL" and break down the financial lessons the actor's story provides. Episode 4: How To Turn Your Imagination and Work Ethic Into Millions.

Book Overview The Book: The Intelligent Investor by Benjamin Graham Benjamin Graham has often been referred to as the "Father of Value Investing," and the "Dean of Wall Street." His book, The Intelligent Investor, is a cornerstone text for understanding stock market investing. Readers learn Graham's strategy for assessing the intrinsic value of a business, and determining whether the stock is undervalued. While not the ideal book for the beginning investor, The Intelligent Investor, is a necessary tool for anyone seeking to master long-term, buy and hold investing. Reviewed By: Dr. DeWitt Scott

We go over Will Smith's autobiography "WILL" and break down the financial lessons the actor's story provides. Episode 3 analyzes how fear and desires motivate us to make money moves.

The Color of Money by Mehrsa Baradaran Review - "In 1863 black communities owned less than 1 percent of total U.S. wealth. Today that number has barely budged. Mehrsa Baradaran pursues this wealth gap by focusing on black banks. She challenges the myth that black banking is the solution to the racial wealth gap and argues that black communities can never accumulate wealth in a segregated economy."

Starting Over After His First Business Burned Down | Interview with Literacy King's "J with the MBA" (PART 2)

From Shootouts and Getting Kicked Out of School to Building a 6 Figure Business, check out PART 1 of my Interview with Literacy King's "J with the MBA"!

DeWitt Scott is a husband, father, college administrator, and book lover. Born and raised in Chicago, IL, DeWitt has a Bachelor's of Arts, Master's in Liberal Studies, and Doctorate in Educational Leadership. Prior to his educational career, DeWitt was a professional basketball player in the NBA G-League. Currently, he works at Moraine Valley Community College, and teaches financial literacy classes at Cook County Jail in Chicago.

"Some 3.6 million student loan borrowers will be given three years of credit toward eventual debt forgiveness, through a revision of payment counting for the Department of Education's income-based repayment program, which it says will address “data problems and past implementation inaccuracies.” The program was implemented in 1992 as a way for borrowers to use a portion of their income to pay off loans for 20 to 25 years and have their remaining balances forgiven at the end of that term, but almost no one has had their debt canceled via the program." via Forbes.com

EPISODE OVERVIEW This was recorded Pre-Slap. I can't lie, I'm sick

On Season 8 of Literacy Kings, we go over Will Smith's autobiography "WILL" and break down the financial lessons the actor's story provides. In this episode, we explore how to lay a foundation one brick at a time. This season is for Apple Subscribers only! But we're giving you the first two episodes as a little sneak peek. Head over to Apple Podcasts and hit "Subscribe" to hear the full season. You even get a free 7-day trial.

On Season 8 of Literacy Kings, we go over Will Smith's autobiography "WILL" and break down the financial lessons the actor's story provides. Episode 1 is the intro where we chart our course before we dive in. This season is for Apple Subscribers only! But we're giving you the first two episodes as a little sneak peek. Head over to Apple Podcasts and hit "Subscribe" to hear the full season. You even get a free 7-day trial.

EPISODE OVERVIEW You can have enough money to pay your bills every month and still have a negative net worth. How?! To calculate your "Net Worth", ADD all your Assets (things that put money in your pocket), then SUBTRACT all your Liabilities (things that take money out of your pocket). That's it. That's how much you are worth. If that number excites you, shout out to you! We have some dope info in this episode that can take you to the next level. If that number scares you, it's all good! We have the same practical action steps to get you out of the RED and into the GREEEN. Today we're talking budgeting, investing, inflation, money management, and overall net worth. Let's break it down!

EPISODE OVERVIEW: This episode covers the final chapter of "Rich Dad's Before You Quit Your Job." Robert Kiyosaki conveys again that entrepreneurship is not for everyone! Not liking your job is not a reason to become an entrepreneur. Robert lists 10 final thoughts to summarize the mindset needed BEFORE YOU QUIT YOUR JOB. Remember your MISSION will take you through the necessary PROCESS to reach your GOAL. Love!

EPISODE OVERVIEW: This episode covers Chapter 9 of "Rich Dad's Before You Quit Your Job." Rich Dad schools Robert on how to find good customers and fire bad customers. Robert learns what make a good advisor and when it's time to fire one. Other key concepts in these episode includes: the 5 Ps of marketing, how to position your company in your industry via pricing, and the basics of product margins. Key Quote: “Business and making money would be easy if it were not for people.”- Rich Dad

EPISODE OVERVIEW 1. Clearly define the mission, goals, and vision of the company. 2. Find the best people and forge them into a team. 3. Strengthen the company on the inside. 4. Expand the company on the outside. 5. Improve the bottom line. 6. Invest in research and development. 7. Invest in tangible assets. 8. Be a good corporate citizen. Let's break it down!

EPISODE OVERVIEW “Why do most small businesses remain small? They remain small because there are weaknesses in their B-I Triangle,” answered rich dad. “It's tough going from the S quadrant to the B quadrant if the B-I Triangle is not strong.” - Robert T. Kiyosaki So, how do you do that? Let's break it down!

EPISODE OVERVIEW There are three kinds of income: 1. Earned income 2. Portfolio income 3. Passive income. But today we learn that there are also 3 types of money: 1. Competitive money 2. Cooperative money 3. Spiritual money Knowing the difference between the 3 is MAJOR. Let's break it down!

EPISODE OVERVIEW “Whenever someone asks, “How do I raise money for my business?” I respond by asking, “Do you have a business plan?” A good business plan with a great presentation can raise the money you need. A bad business plan with a poor presentation can lose you money.” -Robert T. Kiyosaki. Let's break it down!

EPISODE OVERVIEW “Most of us have heard that it is important to set goals. Yet rich dad had a different take on goals. He said, “Goals are important, but the process of obtaining the goal is far more important than the goal.” Explaining, he would say, “If you ask most people, ‘Who wants to be a millionaire?' most people would raise their hand. That would mean they have a goal of becoming a millionaire but now they need to choose the process for achieving that goal. There are many ways a person can reach their goal of becoming a millionaire.” - Robert T. Kiyosaki. Let's break it down!

EPISODE OVERVIEW “Robert explained, rich dad described four different types of business schools. 1. The Traditional Business School 2. The Family Business School 3. The Corporate Business School 4. The Business School of the Streets While all four of these can provide valuable training, as they did in Robert's case, do you have to have all four to succeed as an entrepreneur? The answer is “it depends.” While each of the four provides valuable education and training, they are not prerequisites for success. But how do we succeed without them?” Let's break it down!

On this episode of Sports and Money, we chat with entrepreneur and former athlete Kevin McReynolds about the importance of investing using the backdrop of Kobe Bryant's investment in BodyArmor, which recently netted his family $400 million. We also discuss the naming rights deal that Crypto.com spent to take over Staples Center to explain how cryptocurrency is here to stay.

Why Work For Free??? Let's break it down!

EPISODE OVERVIEW There are a million quotes about how important it is to fail. “Fail your way to the top”, “Fail and fail often”, “Failure is not the opposite of success, it is part of success.” All of these are true, but my favorite is from Michael Jordan, “I've failed over and over and over again in my life. And that is why I succeed.” If you look at the stats for most MISSED shots in NBA history, MJ is #13. Other notable legends are, 1 Kobe Bryant, 4 LeBron James, 9 Carmelo Anthony, and 13 Allen Iverson. So, it's safe to say failure is needed. The subtitle for today's lesson is “Dumber and dumber get richer.” And it's perfect! After today's episode, you will look at failure a lot differently and realized you're actually closer to success than you might think. Let's break it down!

EPISODE OVERVIEW Research shows that 90% of new businesses fail. But yours doesn't have to. In today's show, we break down how proper planning prevents poor performance. Working on your business before it becomes a “real” business can save you a lot of heartache and pain. Let's Go! “WHAT IS YOUR PERSONAL REASON FOR STARTING A BUSINESS? Ask yourself the following questions: Why do I want to own my own business? How badly do I want to own my own business? At what level of play do I want to play the game? At what level of play am I willing to extend myself to play the game? Am I willing to spend the time to learn about other successful entrepreneurs and their businesses? Am I afraid to fail? Can I turn my fear of failing into a strength that will help me drive the business? Can I learn from my mistakes? Can I build a team, or do I like to work by myself? Am I willing to pay the price? Am I willing to put in the time now to be rewarded later? Am I willing to delay financial rewards until the business succeeds, or do I need a paycheck?” -Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business.” Lesson #1: A Successful Business Is Created Before There Is a Business.

EPISODE OVERVIEW We Back! This season we're breaking down, "Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business" by Robert Kiyosaki (Rich Dad, Poor Dad) The book highlights 10 key lessons you need to understand to build a Million dollar business. Today, we will give an overview of the lessons and then break down one lesson each week. Let's Go! Lesson #1: A Successful Business Is Created Before There Is a Business. Lesson #2: Learn How to Turn Bad Luck Into Good Luck. Lesson #3: Know the Difference Between Your Job and Your Work. Lesson #4: Success Reveals Your Failures. Lesson #5: The Process Is More Important than the Goal. Lesson #6: The Best Answers Are Found in Your Heart . . . Not Your Head. Lesson # 7: The Scope of the Mission Determines the Product. Lesson #8: Design a Business That Can Do Something That No Other Business Can Do. Lesson #9: Don't Fight for the Bargain Basement. Lesson #10: Know When to Quit.

The city of Los Angeles is set to host Super Bowl LVI and the championship game is expected to bring in as much as $477 million. Job creation and tourists are major factors to how big events affect the economies of their host cities. This year's Super Bowl is extra important coming out of the economic blow due to the coronavirus pandemic.

EPISODE OVERVIEW  Today, everybody is talking about Shiba Inu. Before that, Dogecoin. Before that, GameStop and AMC. Before that, some other hustle. With so much Internet CAP and fake gurus today, it's easy to confuse gambling with investing. If you listen to today's show, by the end, you will know the difference fa sho!

EPISODE OVERVIEW I know we all probably sick and tired of hearing about Covid. But the truth of the matter is if you were paying attention it produced life-changing opportunities. Today we break down lessons and opportunities produced by the Covid Pandimeic for investors, business owners, or anybody trying to raise their financial IQ. Did you understand the assignment?

We all know Jay Z as a mogul and part of that was being part-owner of the Brooklyn Nets. As the 2021-22 NBA season tips off, we look back at the details of his ownership stake and how he was able to make an impact on his hometown.

EPISODE OVERVIEW Everybody knows 50 Cent. Get Rich or Die Trying, G-Unit, Power and on and on. And whether you love em or hate em, there's no denying that he is a BUSINESS MAN. I knew 50 was an investor, but bruh! The diversity of 50's portfolio is stupid! But HOW? How did a stick-up kid from Jamaica Queens build an investment portfolio like this? Check out today's episode!

EPISODE OVERVIEW In season 6, the Literacy Kings break down "A Beginner's Guide To Bitcoin" by Matthew R. Kratter. On this episode, we review everything we've learned because it's a LOT. Feel ready to join the crypto game? Get out there and go!

On this episode of "Sports and Money," we review how Russell Okung's support of cryptocurrency lead to him getting paid in Bitcoin. Listen to Season 6 of Literacy Kings to learn more about cryptocurrency.

EPISODE OVERVIEW In season 6, the Literacy Kings break down "A Beginner's Guide To Bitcoin" by Matthew R. Kratter. On this episode, we give practical steps on how to buy and store Bitcoin. Some people store their Bitcoin all the way in caves in Switzerland. Take it as seriously as you want to. Just don't fall for the fugazi!