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#56: Trump Just Grabbed China By The Egg Rolls. Be Concerned! Aug 26, 2019

Show notes

Wassup Chedda-makers,
Trump just told American companies to get out of China. Yep, he using even more "big stick" diplomacy to make up for his manhood. I don't like it. Keep investin, tho ... and keep powder dry, trade war's fo' real, things bout to get worse.
Say wassup to our guests: comedian Tito (IG: titos_tales) and bond guru Jeff Tack (Woodward Real Estate Partners).
David Koch passed away, may all the dead rest in peace. This dude made billions from Koch Industries (Tony Montana made his billions from the other "Coke" industries). We discuss why there's so much drama surrounding his death.
Finally, we hit up Pat Byrne, CEO of Overstock.com. This clown hooked up with Maria Butina (Russian spy now in jail) and then said Warren Buffett told him to confess his hook up. Stock dropped 36%! I love you super rich white dudes, but WTF? Between this dude, Zuck, Bezos & Trump, the whole country needs to do an intervention.
Chill and make chedda!

SHOWNOTES

02:30 – Introducing Jeff Tack and Tito

05:50 – Plugging Tito's "Comedy for a Cause" show in September

07:00 – Drama in business and finance

08:20 – Trump on trading with China and tariff planning

12:25 – China's alleged agreement with USA

14:40 – USA's trade deficit

16:40 – Current account surplus benefit

18:40 – China's demographic problems

23:00 – "American Factory" Netflix documentary and China's debt

25:25 – Trump's Twitter bomb against China

26:40 – Trade War and technology theft

30:35 – Stocks went down

32:45 – Market is correcting itself and the ripple effect

34:35 – Media harping on recession

36:05 – G7 meeting, Jay Powell and more drama

37:05 – Amer recommends equity investment

40:30 – David Koch's passing and Koch Industries

44:55 – Tax code is so big

48:40 – Allahu Akbar (God is greater)

49:05 – Overstock.com's Pat Byrne and his relationship with the Russian spy Maria Butina

53:00 – Trump is a master media manipulator

55:25 – Farmers losing jobs

Connect with Amer and BNOS:

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#55: How Do You Get An NFL Linebacker to Team Up On A $200mm Fund? with Activated Capital Aug 25, 2019

Show notes

Wassssup BNOS listeners!? We had Josh Burrell and Lane Campbell on with us. Wow, these dudes have a great story! They run a fund called Activated Capital out of NYC. These dudes are not just about the bottom line of profits. They look at a double bottom line. So it's not just profits, but also values and impact. They are not just making money BUT also having an impact? I hadn't heard much about that before. So it was great to hear these dudes talk about their story. Their focus is real estate. So they're trying to get the right tenants into some real estate that they buy and they become landlords. Their story got so much PR that Derrick Morgan, former outside linebacker of the Tennessee Titans, joined up with them. They're doing a joint venture - $200 million fund - called Kingdom Activated. And we break down: What do these guys do? How do they do it? How do they keep track and measure that they're actually having an impact and not just making money? How do they ensure that all their nonprofit partners will make their investments provide a competitive return? Not just in capital (money), but will also have a positive social impact. So sit back, relax and enjoy this episode. Learn a lot about social investing and being smart about where you put your money. Peace! SHOW NOTES 01:15 - How Josh and Lane met and introducing Activated Capital 02:10 - Real estate investment background 03:20 - Investing in growing cities like Detroit, Nashville, Memphis 04:25 - Amer discussing double bottom line connection between tenants and investors 05:10 - Creating/trademarking OZ (Opportunity Zone) Scorecards 05:40 - Criteria for buying real estate investments in Detroit and Nashville 06:35 - It's more than just caring 07:10 - Amer asks Josh: why do you care and what drives you? 09:40 - Amer talks about growing up with his grandma 11:10 - Minimum investors limit 50k 13:25 - Kingdom Activated teamed up with Derrick Morgan 17:25 - Conversation and closing the deal with Derrick Morgan 18:50 - Measuring the double bottom line 19:40 - Financial education and improving credit scores 20:30 - Mental health and wellness 21:30 - Possible mentorship programs for low income communities 24:50 - $200 million Kingdom Activated joint venture 27:15 - Activated Capital and Kingdom Activated contact information Connect with Amer and BNOS: Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah

#54: Markets Scared Sh!tless About A Recession. What Should You Be Doing? Aug 25, 2019

Show notes

Dow tanked 800 points last Wednesday
Hong Kong stocks down -10% since violence began last month
St. James pumped gas for an uber drive in exchange for a blunt

WTF's going on in the world!? And WTF should you be doing?

As for St. James, go check out his upcoming stand up show at the Laugh Factory (8/30, 10pm, hit him up for tix) @LifeOfStJames on IG.

Now, stocks: market needs some Xanax (prescription, please, Dr. Fed).

How about Xanax for you? Be a bad ass and meditate. Afterwards, you'll realize
(1) Trump needs to get re-elected, so he's gonna do everything he can to avoid recession, and
(2) the Fed's gonna do everything they can to fix sh!t

Then we discussed the Trade War. Yo, these Hong Kong protesters? Not an accident that it is happening during the trade war. I think China's instigating now because they know Trump can't make a stink about it. Trump's got a trade war to try and win, so EFF sticking up for democracy. The Donald needs to make a deal!!

Then, we had an IG question from some listeners about what stocks to buy given this decline. And finally we talked to a couple of solid dudes from Activated Capital, Josh Burrell and Lane Campbell, who struck a deal with former NFL linebacker Derrick Morgan to launch a $200mm social impact fund. Make sure you check that interview out on Episode 55, coming Wednesday morning.

Relax and make some effing cheddar,
Peace,
Amer

SHOWNOTES

01:20- Has Amer been working out?

02:20- Introductions and all about St. James's life (don't miss his Young Hustle show)

06:05- Markets are scared sh!tless- why? And what should you be doing?

11:30- Uber is bleeding cash, will it bleed dry?

15:00- What to know about the August traders, aka the B team

17:30- Market volatility: The GE accounting fraud, inflation, and more pointing to a recession?

21:25- Quick intro to Lane, Josh, and their company- Activated Capital

22:25- Audience Q: Stocks on sale? And Beyond Meat's impossible burger?

26:10- The Trade War and Hong Kong protesting

32:20- Trump confronting China

Connect with Amer and BNOS:

Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2

Visit the Amer Abdullah BLOG: http://amerabdullah.com/

Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit

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#53: Former Gang Member Becomes Millionaire at 25. He’s Now Planning His Next Money Moves Aug 07, 2019

Show notes

Episode 53! We interviewed Jeff Badu. Who? This dude was 25 years old, he made his first million dollars. Former gang member who at 16 decided to just change up his life and now he's a millionaire. Amazing, amazing story with this dude. He is a tax accounting specialist but the dude knows how to make money in all sorts of other ways. Owns 11 companies. Owns some real estate and BADOOM marrying a princess. What? Yes. This dude is marrying a princess. Thank God she doesn't have a twin or triplet, if you listen to the episode you'll know why. So Jeff breaks down how he makes cheddar, lets us in on that strategy and what game he plays. It's really cool to listen in. Sit back, relax, and enjoy the episode. Peace. SHOWNOTES 00:50- Talking to Jeff Badu about Jeff Badu 04:00- Jeff started making life changes at 16, aiming to become wealthy 09:30- How Jeff made the switch to entrepreneurship 12:50- Breaking down what a 'millionaire' entails 14:50- How Jeff went from 100 to 300 clients, goal setting techniques that got him to 1500 today 20:00- Jeff loves building companies from the ground up 22:13- Jeff's fiance is a princess! 25:05- All about Jeff's rental car company and delving deeper into how Jeff expanded his tax business 30:30- Jeff's plan to buy out Yelp 34:00- How Jeff buys other CPAs 37:00- Sam Prickett is going to be in Akron, Ohio for a couple shows and you can catch Amer Abdullah doing stand up at Comedy Clubhouse, Thursday August 9th at 10pm. Connect with Amer and BNOS: Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah

#52: Trump's Latest Trade War and the Fed's Mid Cycle Adjustment Affect on the Market w/Jeff Badu Owner of Badu Tax Services and Comedian Sam Prickett Aug 05, 2019

Show notes

What's up y'all Episode #52.

We had Jeff Badu on- a millionaire by the age of 25! WHAT? Make sure you catch our Wednesday episode when we drop our interview with Jeff. He was here the whole time to give us his hot takes, his questions and his answers on what's going on in the markets. We also had Sam Prickett, make sure you check out @smugprickett on Instagram.

And I got a show coming up- here's a little plug. Thursday at the Comedy Clubhouse, August 9th at 10pm. I do some stand up there. So come out and check me out.

This episode was great. We talked about stocks. Why are they down the last five sessions? The Fed cut rates this week- isn't that supposed to be good for stocks? Well, we'll talk all about why the Fed cutting rates didn't work out the way everyone wanted it to.

Also, trade problems. Trump announced a 10% tax on 300 billion Chinese goods. Those are consumer goods. Let the games begin. We're about to start feeling this shit a lot more. This war keeps getting worse.

And then we answer some audience questions about stocks and taxes. We talked about buying gold and we talked about our thirst for technology versus our privacy getting invaded and monetized.

Sit back, relax, and enjoy the episode.

Peace.

SHOWNOTES

03:00- Introducing Jeff Badu (http://www.jeffbadu.com/) and why you should always carry receipts

06:20- From gang member to millionaire by age 25- an intro to Jeff's tax services and strategy (http://www.badutaxservices.com/)

10:20- Interest rates are cut but stocks are going down

15:30- FED Prez, Jerome Powell, calls rate cuts "A MID CYCLE ADJUSTMENT"

17:20- Trade war kicks up again, this time the civilian consumer is going to get hit in the crossfire

23:00- USA is borrowing a trillion dollars to fund the government

26:50- Why does Congress dislike social media platforms?

29:10- The only thing Democrats agree upon

31:30- Jeff on investing in the stock market

32:55- Audience Q: What are the tax implications of selling stocks you bought in the same year?

36:00- Audience Q: Should we buy gold in anticipation of a recession?

39:00- Audience Q: How do we balance our thirst for new tech with our fear for our privacy and of getting monetized?

43:00- Who is "Homie the Clown"?

Connect with Amer and BNOS:

Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2

Visit the Amer Abdullah BLOG: http://amerabdullah.com/

Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit

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#51: Will Victoria FINALLY Tell Us Her *Secret*? With MY IMPROV TEAM As Guests! Aug 04, 2019

Show notes

Wazzup, wazzup,

Episode 51 - first episode of season TWO.

First, COME SEE ME DO STANDUP!

Two shows coming up:

- This Thursday 8/1 "The Comedy Tub" at Chicago Joe's (2256 W Irving Park Rd) 8pm FREE! (Det's here)

- Next Thursday @ Comedy Clubhouse (1462 N Ashland Ave) at 10pm Thursday August 8. $8 online, $12 at box office. (Det's here!)

Aiight, let's hit it: T-Mobile/Sprint

Q: What do you get when 2 half-idiots have a baby?
A: A Nextel Push-to-Talk comeback

Bill Barr & his boys finally approved the merger. Get ready for your cell phone bills to go up (yes, even AT&T and Verizon).

A huge company like that means
- more power to price-abuse customers (bc less competition)
- more power to bribe Congress
- more power to deliver sh!tty service

I do not like this merger (shocked, right?).

Next we jumped into talking about L Brands. Who??

These guys were originally behind The Limited, Abercrombie, Express, Structure, Lane Bryant. They currently own
- Bath and Body Works
- Pink
- and their crown jewel, Victoria's Secret.

Yo, shady stuff going on with CEO Leslie Wexler. This dude was boys with Jeff Epstein, super dangerous pedophile. Need I say more? Fine, I will. Jeff Epps was Leslie's "Personal Money Manager" aka Personal "I Got No Game" Manager. Leslie gave Jeff FULL Power of Attorney to basically use his name to do ANYTHING. Why? Well, Jeff used to falsely tell women he's a Talent Scout for Victoria's Secret, THEN sexually harass them. WTF? *cue Radiohead* That's ~100x worse than the creep at the bar that awkwardly tries to join your group of friends. Where there's smoke ........ there's fire. I think Leslie used Victoria's Secret for super sketchy purposes. Stay further away from this stock than you would if you saw Jeff Epstein at a bar.

Finally, we talked to my improv team about how to make some cash. Dan Baker, an advertising exec, broke it down: marketing and advertising is HOW you get cash in the door. Anyone who says "advertising doesn't work" lives under Bill Barr. Listen in to learn a bit from Dan on how to get creative with advertising.

Chill and make chedda,
Amer

SHOWNOTES:

12:30- T- MOBILE merger- Number of phone accounts greater than human beings

19:10- Cell phone bills will go up- Cell phones cost goes up

21:30- T-mobile and sprint CEO's attacking each other like Sonic and Wendy's

24:20- Did Bill Barr have a roll in this merger?

25:05- Telling about Sprint CEO Marcello

27:30- Talking about L-brands and crown jewels Victoria Secret

31:00- Victoria's secret

34:00- Sex trafficking

39:30- The best investing Apps

48:40- Den helped the company to make huge amount of money by advertising

58:00- Marketing and advertising both together

01:02:20- Amer question how to get the money

Connect with Amer and BNOS: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2

Visit the Amer Abdullah BLOG: http://amerabdullah.com/

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#50: Is Money the *REAL* Obstacle to Your Dream Career? with Angie Gaffney Jul 23, 2019

Show notes

What's up y'all.

Episode 50. Our season finale. We did 50 episodes, y'all. We did, yeah, we did. Yo, we're about to finish Season 1 and move on to Season 2. Before we talk about how badass Episode 50 was, y'all need to come see me perform some stand up. I have some shows coming up. Two shows:

Wednesday, July 24 at a place called Uncommon Ground in Edgewater at 7pm, 20 bucks.

Thursday, August 1, I'm in a comedy tub show. That's at Chicago Joe's on Western and Irving Park- 8pm. That's a free show, y'all.

I'll be doing some stand up at both of those. Please come out Wednesday, July 24. Thursday, August 1.

Now, Episode 50, badass episode. Angie Gaffney was our guest. AngieGaffney.com: Beast when it comes to making movies in Chicago. She's made 17 feature film movies in Chicago, her last ones in the fall raised over a million dollars to make. Angie's killing it. We then talked about how she does raise that kind of chatter. And she's transitioned into a life coach. So she helps people now or she's into helping people transition in a way where they can get their creative dreams fulfilled. How do you do that in a financially stable way? Angie's got some answers.

As for the episode, it was a tech heavy episode. Is it time to sell your technology stocks? Yo, these tech companies were on Congress- getting grilled. Facebook, are they a monopoly? Congress thinks so. Amazon, monopoly? Congress thinks so. Facebook's Libra cryptocurrency? The Fed ain't gonna let them do that shit. So yeah, we talk all about technology. We answer a bunch of audience questions. It was a great episode.

Come see me perform stand up.

Sit back, relax and enjoy the episode.

Peace.

SHOW HIGHLIGHTS:

01:50- Introductions and bus drivers

09:30- Amer's goals

12:20- Introducing Angie

17:30- Talking about Tech

19:20- Face App drama

24:30- What is the US government going to do about tech monopolies?

29:30- Land versus digital governments, looking at the future

32:00- Amazon and Bezos vs Trump

35:10- Answering audience questions: What to know about Netflix stocks. And should you invest in video games?

52:00- All about Angie

54:10- Gotta learn how to make cheddar (aka how to raise money)

01:02:00- About Killing Eleanor and Monuments, morbid but fun movies

01:03:40- Profit vs passion

01:05:30- Angie's life coach calling

01:08:00- Angie exploring our relationship with money, an experiment in River North

01:09:50- Nishad's street stand up

01:14:10- Life coach tips to leaving the corporate culture

01:20:40- Angie applying life coaching to herself

01:29:30- Angie's breakdown of different avenues to get help and how a life coach is distinct

Connect with Amer and BNOS:

Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2

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Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit

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#49: Real Estate Man of STEEL Jeff Glenner Shows Us How To Make $ Without Being Trump “Man of STEAL” Jul 15, 2019

Show notes

You can be in real estate, AND make legit money You can "give" in negotiations, not just take. You can be tough, AND fair. You can enjoy what you do, AND make some cash. Yup, not every real estate developer has to be like DJT. Jeff Glenner from JBG Property Holdings came to the show and showed us how to woah! This dude believes in wellness, making life better, not just for himself, but for OTHERS too! He talked to us about how to make mad cash in real estate development AND inject 'wellness' into it. Comedian Lancey Joe was there too, and I publicly pledged to refrain from any KKK Mississippi talk with him. TOTALLY failed. The good news? I'm performing standup at his upcoming Comedy Tub show! 8pm @ Chicago Joe's, det's here, ROLL OUT! If you can't make that, I'm also doing standup 7/24 7pm (charity event). Tix here! We then hit up stocks: how's they still RISING?!? yet the Fed's about to *cut* interest rates?! Nothin' like injecting morphine into the economy's arm when it's already high as F8CK!! Anyway, they doin' it, so get ready for the 3 pieces of bubble-licious in your mouth to get some more! So what should you do? With rates goin lower, getchu some real estate on the cheap! I been lookin for some myself near my home in Humboldt Park. What did I find? AN ALLIGATOR! Yup, someone let one loose in my hood. It's coo, we named him Chance the SNAPPER. Yup, we discussed it. We took questions from people on IG and talked about the cannabis industry - should you be opening a business next door to dispensaries? Like a bakery? Or escape rooms, except stoners just sit in awkward silence? Listen in! We then hit up Facebook, my favorite dumpster fire to discuss. FTC finally approved a $5 billion fine. Number's so LOW that their stock done gone up $40 billion since announced! 8x the fine! That ain't how you punish them, FTC. That's a Zucke-reward. Sit back, chillax, make cash, enjoy. Peace Amer SHOW HIGHLIGHTS: 01:40- Introductions 06:15- Jeff's story; JBG Property Holdings is the next big thing 09:00- Lancey's Comedy Tub show 10:50- Interest rates cut down while stocks going all time high 14:10- Services weather the storm better than products 18:10- Jerome Powell & Co are pumping morphine into the market 21:00- Breaking down and assessing real estate property investments 26:20- Chance the Snapper settles down in Humboldt Park 30:30- A short rooster anecdote 31:30- Answering Bryan's questions! Can you buy stock in Little Debbie? Should you invest in golf carts? Should you open up a bakery next to a Cannabis dispensary? 39:40- Facebook faces a $5 billion fine from FTC 42:55- Who is Jeff Glenner? All about Chicago's upcoming hotshot CEO 51:35- Be passionate, money doesn't matter if you aren't enjoying life and doing good for others 54:45- People do want more and they deserve it 01:02:35- Jeff in New York and the value of team effort 01:10:20- What inspires real estate work? 1:13:45- Faith looks more like open hands than closed fists Connect with Amer and BNOS: Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah

#48 Millennials Unconsciously Bleed Money Everyday. Here's How to STOP with Cofield Advisors CEO Jul 01, 2019

Show notes

Don't know their profit margins.
Don't invest in stocks.
Don't plan for a big tax bill.
Don't take advantage of depreciation.

Millennials, WTF?!

Cofield from Cofield Advisors told us wassup on this episode.

Before that, tho, we started with Jony Apple-seed. Apple lost their most important dude, Jony Ive (Pronounced Johnny I've), who Steve Jobs called his "spiritual partner" (ie, get-blazed buddy). Apple stock was down as much as -2%.

As the Chief Design Officer, Jony's fingerprints are all over every product (creep): iMac, iPad, Apple Watch, and of course the iPhone. So who's gonna make the iSexRobot in 2021? Don't worry, Jony's opening a new design firm and Apple will be his first client. Bottom line: keep buying Apple stock. It's a long-term win as they rotate away from hardware towards services.

We then talked about interest rates DROPPING a lot! Mortgages, car loans, credit card debt - it's all going lower. Y'all need to be borrowing money and buying some kind of investment like a real estate property or a business. HURRY UP, that sh!t just got cheaper!!!

Finally we hit up Bitcoin, the F*CK IT currency. Should you be buying Bitcoin at 13 grand? Everyone should own at least a LITTLE BIT of BTC. Go open an account at Coinbase and join us in 2019 please, thank you.

Relax and make some effing cheddar,

Peace
Amer

SHOW HIGHLIGHTS:

01:40- Why the EFF does Sam hate GoT & dragons?

11:00- Apple stock is falling bc Chief Design Officer Jony Ive is leaving

16:40- Should you buy Apple stock? YES!

22:00- Economy's interest rates fell A LOT and FAST; take advantage and invest now!

26:05- Trump is meeting Chinese President Xi Jinping; expect a short-lived bounce in the market

28:10- How China can work around tariffs by manipulating its currency

30:50- Bitcoin going up, up, and away

39:00- Amer's transgender experience at an elementary school

44:00- Is investing in Bitcoin gambling? Hear Yahia's insights as well

46:25- Dogecoin - WTF is this thing?

48:00- Cofield's story on how to tell if the corporate life is not for you

50:45- Cofield's online financial course https://moneymaster.thinkific.com/

52:00- Cofield Advisors, all the biz advisor / personal finance / tax advisor all in one place

54:00- Depreciation - how to take advantage of it like Trump does so you don't have to pay taxes

58:00- The rich have the knowledge to get wealthier like a video game player has CHEAT CODES

59:25- Millennials' strengths: more woke, more socially conscious

01:02:30- Some millennials (and regular people too) are annoying bc they "Virtue signal"

01:03:20- Millennials' weaknesses: they're jaded by 2001/2008 and so they don't invest

01:12:00- Some of Cofield's success stories with IG influencers & bloggers making $250k+

01:22:45- Cofieldadvisors.com

01:23:05- Catch Sam's show, July 12th at the Otherworld Theatre

Connect with Amer and BNOS:

Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2

Visit the Amer Abdullah BLOG: http://amerabdullah.com/

Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit

Follow BNOS on Twitter: https://twitter.com/theamerabdullah

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#47: Prof. Faisal Schools Us on Scoopin Up $50k Properties for $10k from the City of Chicago! Jun 26, 2019

Show notes

Let's get straight to it:

(1) I need you to move yo' a$$ from a PAYCHECK mentality to a NET WORTH mentality!

(2) I need you to keep investing EVEN IF the stock market is at ALL-TIME record highs!

(3) I need you to learn how to get valuable Chicago properties for $2,000 (!!!) by becoming a "receiver" for the City of Chicago

Episode #47 was SUPER interesting - we taped from a men's retreat in Woodstock, IL. I'm a member of an org called MKP (the Mankind Project) and I helped run a training to teach 32 men leadership and emotional intelligence.

My boy J-Mo was bringin the ha-ha's (he got real - *vulnerability moment* - and shared that he was in the "wrong line" when they were handing out - ehem - junk).

We then talked to Mahmoud Faisal Elkhatib about scooping up abandoned Chicago properties on the CHEAP. He's a real estate attorney and a professor - and he TOTALLY schooled us on how to become a "receiver" so that YOU can scoop up properties on the cheap and then later sell them for 2x, 3x, or even 5x what you paid!

Bottom line: MAKE SURE YOU ALWAYS IN THE *RIGHT* LINE!!!

Chillax and enjoy!
Peace
Amer

SHOW HIGHLIGHTS:

01:10- Intro to Jason Montgomery, Faisal Elkhatib & the Mankind Project men's leadership organization

06:30- Amer thinks Faisal is the early version of 1906 famed patriarch Joe Cacciatore

08:00- What the heck is the "mankind project"

10:20- Prophet Muhammad: Believers are "mirrors" for each other

15:05- Joseph Kennedy in the early 1900's, a story about selling all his stocks

16:10- What would happen if large amounts of African-Americans invested in the stock market?

17:10- Talking about military intelligence & "anti-fragility"

19:30- What is an ETF Trade?

24:20- American political system: The main goal is to always keep the stock market going up

26:00- The CEO decision tree: Should money go to employees or shareholders?

37:00- Real estate saturated; 60/20/20 rule

41:15- African-Americans are not afforded the funding that other Americans receive

45:00- Cheap properties intro: Landlords abandon properties and it becomes a "zombie" property

48:15- Becoming a receiver allows you to get super high "cap" rates

52:50- How exactly can a person become a "receiver" and obtain properties 90% below their value?

54:35- Becoming a "receiver" allows you, as an owner, to actually wipe out the bank's foreclosure lien

57:10- Faisal tells his students to do the "least amount of work to acquire a "receiver's lien," ideally $10,000 investment to get a $50,000 property

Connect with Amer and BNOS:

Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2

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