"...it’s okay to be broke, and it’s okay to be old, just don’t be both at the same time"

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Subject: "...it’s okay to be broke, and it’s okay to be old, just don’t be both at the same time"

10X Funnel Hackers

Don Peebles is the founder, chairman and CEO of the Peebles Corporation. He was named a business trailblazer by Black enterprises and titans of Black America. He’s acknowledged as one of the 40 most powerful Black Americans in business. Forbes listed him as one of the top 10 wealthiest Black Americans. His net worth is hundreds of millions, probably over a billion. And he was named a trailblazer here by the Metropolitan Black Bar Association in

2016, and he’s the author of numerous best-selling real estate books including Peeble’s Principles. If you’ve never researched this man, if you don’t know his story, you’re about to hear it. It is the American dream.

"I think it’s important to know I started that company [Peebles Corporation in 1983 when he was 23 years old] with $600. Black man, 600 bucks, [now] $4 billion. That should crash all your limitations...it shows is that anything is possible."

Click to learn how he went from $600 to $4 BILLION

He gave me advice—two pieces of advice—that his father, who was a pullman on the Amtrak train for 40 some odd years, said: "One, it’s okay to be broke, and it’s okay to be old, just don’t be both at the same time. But the second and the most powerful, your money can work harder than you can. It doesn’t get sick, doesn’t take vacations, doesn’t get its heart broke. It just keeps on working. So while you’re asleep, or you’re on vacation, your money will work harder than you."

So I said, "Okay, I may not have any money, but I’m going to have some relationships and those relationships are going to help me make money because access to power, access to those who are appropriating money, I can figure out how to make money from that."

“First rule of great success is if you are not where you want to be now and you want to change that, you have to change the way you think. Because thinking the same way and expecting to get somewhere different is not going to happen."

"Wealth concentration has produced to severe disadvantages for all Americans. So how do we change that? One way I know is to change access to capital and access to opportunity. So we all have to look at people the same and judge them based on qualifications. It does no one a service to say I’m going to hire Don Peebles because he’s black instead of hiring Grant. But at the same hand, we got to level the playing field so we both have equal access to capital and equal access to opportunity and when the bank’s evaluate us to make loans to us, they evaluate us the same. So that can be done through a business but mainly a political process. Because as rich as Jeff Bezos is, he’s got one vote. So we all are equal there. So there’s power in our numbers. And if we want to level this playing field and be united on leveling the playing field for all of us then we can see things change and that’s really what we have to do, be fair and equitable.”

To learn more about how he is trying to improve access to capital for marginalized groups, click here

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Subject: "...it’s okay to be broke, and it’s okay to be old, just don’t be both at the same time"