This Millennial became a Debt Free Millionaire by Age 31 through Stocks and Real Estate Investing - Episode 3

Steven Stack is a financial consultant and coach whose mission is to help others build wealth holistically. He is 100% debt free which includes paying off a six-figure mortgage. He also became a millionaire by age 31 through investing primarily in real estate and the stock market. He believes wealth isn't just what's in your bank account but also the person you're becoming.

Steven Stack's Website: https://www.stevenlstack.com/
Steven Stack's IG: https://www.instagram.com/stackingwithstack/

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TRANSCRIPT:

[00:00:00] Naseema: What's up everybody? . Welcome to the Financially Intentional Podcast. We have Steven, a stack in the building. He is gonna share his extraordinary story of building wealth early, early in life.

Just gonna dive right in. So, Steve, let me hear your money story.

[00:00:27] Steven: Yeah. So for me the, the way I'll start it is, is looking back to, you know, how I came up as a kid with my parents. So. They, I was one of three kids, so I've got two other siblings and my parents were really good about giving us just foundational things of not spending more than what you make and to at least save for a rainy day.

And so like today, people would call it like an emergency fund, but you know, you could call it rainy day fund if you wanna be a little bit more old school. And so like I had that foundation of, of looking to try to avoid debt and have some money set aside, but what I didn't know was really what it looked like to invest.

And so when I was in college, I'm good with numbers and I can remember I was sitting in, in my dorm room and just trying to do the math to figure out how long it would take me just to get to the first million dollars and. I was, I was blown away. If you can imagine a college student being like, okay, well what if I could put 20 grand away a year?

How long would it take me to get? Cuz you know, like $20,000 is a good bit of money. And yeah, did the quick math and it was a nice cool 50 years to get to a million.

[00:02:03] Naseema: And that's just straight in a savings account though,

[00:02:06] Steven: right? Just straight in a savings. And so I figured out really quickly that I would not be able to save my way too well.

So from there, I just started feverishly trying to figure out, okay, what makes sense as far as investing that has you know, a level of, of safety, but, but a mix of. That could get me there to where I wanted to be and. . And the last thing I'll, I'll say, just kind of giving people a framework of, of where I started from was that I knew that typically people work to around like 60 or 65 to retire.

And so, I thought, Hey, well, what if I could cut 15 to 20 years off of that and get there by age 45? Where I still would feel like I had some zest for life. You know, that my back wasn't aching all the time. I ain't, I ain't teed up for a hip replacement yet. You know what I mean? And so that was my journey at the beginning was just knowing, Hey, I can't save my way to.

And let me put at least some kind of target age on what retirement or just being retire would look like. So that's what I was thinking about in college.

[00:03:41] Naseema: So you were 18 thinking about making a million dollars and being able to retire early. So a lot of things that I discovered probably in my late thirties, you was already sitting like trying to put together a plan.

Now, mind you, when I was 18, like I was just trying to get through college, I was like, what do I need to do to make sure. . You know, I land a good job after I leave, after I graduate, and I was trying to like survive day to day because I didn't have people to help me with my finances. So I was like in school full time working at a hair shop, like, you know, doing my little internship.

So I was just grinding, like I was trading survival mode at 18. I could not imagine even having that mindset. I mean, I definitely have it now, but damn, if I had it at 18, I would be so far ahead. But that, that speaks to like what you were able to accomplish early in life. So let's just move into that. Like what did you, what actions did you put into place in order to start building your wealth?

[00:04:50] Steven: So one of the things that I figured out is, , like just looking at Theo numbers was that if I wanted to get to a certain level quickly, That there's really only two major things that I'd be able to do, and it would be either make a bunch or have a really high return on investment. And obviously if you can combine the two, then it goes really, really well.

So I knew I was good at math. . And that's why I decided to major in engineering when I was in college and for people who would know me from back in the day. So I, I went to Clemson University and I actually would give tours on campus. So I had like six or seven jobs while I was in school. So I mean, I've never been afraid to, to go work and put in the work.

But one of my jobs is I would give tours of the engineering department. So like I knew what the average starting salary was for the different engineering majors, and so telling other people like. Kids that were in high school and their parents that were considering going to Clemson and being an engineer and like, it helped me just kind of know, okay, these are the numbers.

This is how much I'm, I could potentially be making starting out. And then say, okay, what are things that could give me a real return? On whatever dollars I have. And so the first thing I started looking at was real estate, cuz I'm like, Hey, at least I understand that I gotta touch it and feel it. And the next thing I had to get more understanding on it was the stock market.

And so both of these areas have. Several countless multi, multi multimillionaires just across the history of them being available to people to, to invest in. And so what I did, just for people to say, Hey, where, where did you start? Is when I started working is I'm like, okay, well let me understand the benefits at the, the employer that I was at, at that.

Of their 401k, for example, to say, okay they're going to match me up to a certain point, which at that employer it was, if I put in 6%, they would match it at seven, and because I was just coming outta college. And my nicest piece of furniture or my nicest possession, let alone piece of furniture was a fu time.

I'm like, okay, well, you know, I think I went to like Value City and got me a recliner, which I magically still have to this day. It's like the last remaining Memento from, from my times then is I still have that. I still have that. But but you know, so what I did is I'm like, Hey, you know, I don't live a fancy life coming from college.

So I'm like, man, let me put the maximum amount of money possible into this you know, 401K plan, because whatever money I have left over, I'm just gonna have to figure out how to live on what's left. And if I wanna put money towards like real estate and things like that, I'm gonna have to figure it out.

what's left and see if I can do it. Which the reality is, I knew I could, cuz even though I worked six or seven jobs in college, I still was making way more working full time than when I was in school. So those were. Some of the beginning super easy things that I started with,

[00:08:36] Naseema: but I wanna ask like, how did you know to do that?

Like who, I know your parents taught you the basics of finance and that's just like, don't spend more than what you earn. Right. Always put a little something to the side and that's what most people just. Teach us, but like most people don't go into a job understanding how to, first of all, interpret their benefits, especially their 401k benefits.

A lot of people just either, if it is not automatically like taken outta your paycheck and contributed to, they usually just leave it alone and don't even touch it because they're so intimidated. How did you get to that point where you knew that's what you needed to do? Like I'm just like thinking about like the mindset here cuz most people don't have that mindset.

Most people just don't have that understanding or they think it's something that they can figure out later, but you were already there in your first job.

[00:09:25] Steven: Yeah, so, so here's, here's what happened is I've always been an inquisitive person, so I would ask questions. So I've always believed this, or at least as far back as I can remember.

Is that my number one goal? Just from a financial standpoint? So not from a life standpoint, cuz from life. It's, you know, I want to lead a life of impact. But from a financial standpoint, my goal has always been to have my money work harder for me than I do. And make no mistake, I work really. , like even like working with people one on one, like I expend more energy helping other people get their finances together than on my own.

Now, part of that is because like I'm more in autopilot personally now, you know what I mean? Like, I, like, I've been doing it for a while, so, but like, That was always the goal is I want the money to work harder for me than I do. And so I was always having a competition to say, Hey, can I have this capital?

These funds work really, really hard for me. So what I did is I just asked questions. I'm like, Hey, what? What are, what are the benefits? And I would talk to people who were closer to retirement. So it was one lady, which her, I'll say her first name. And I'd love to connect with her again if I could find her.

Just sweet, sweet, older black lady. Her name was Nona. And I remember. Talking to her and she gave me some really wise advice because I'm like, I want to utilize that. I was gonna make a strong income starting out with this engineering role. I'm like, you know, what would you do if you were me? You know, being like a early 20 something.

Right? And she was just like, at a minimum, I, I would say at least work here three years. So you could be fully vested cuz that was the vesting schedule, which I don't wanna assume people know what that means. So there, there is an amount of time that employers will have. Now for some companies you're vested on day one.

Some, it may be one year, three years, five years, but it's where you get to keep the match money that your employer puts towards your work retirement plan, whether it's a 401k, a 4 0 3 B tsp, 4 57, you know, so on and so forth. So she said the vesting schedule was three years. She was like, at least shoot to work here for three years.

So you're fully vested in the 401k, and if you don't like it here, you can use this on your resume to, to say you worked at this, you know, big fortune 500 company and go elsewhere, but you've at least gotten yourself a pretty good start financially. And. I took that to heart especially as a person.

So I'm a, I'm a long ago, once upon a time, former athlete ish. You know, we'll just say it like that. But once upon a time I used to play football. What I love about athletes though is that they learn to do meaning like you practice, so you can use it on the field. So, That's always been my wiring of, okay, someone tells me something, I learn it, understand it, and then I immediately look to apply it.

So that was an example of what got me thinking that way To your question,

[00:13:13] Naseema: Right. So she was like, listen, just stay here until you get vested. But the thing is, is that like you came into it like, okay, like I'm already living broke. Like I might as well, like, and this is more money than I already had, I mean, than I've ever had.

So I might as well, but most people come out like, I've been in college for all this time. I'm making money now. I deserve to have nice things. And so that's what I'm talking about. Like you, the way that you just look at things in general is like totally, totally different. But That's the way you need to be thinking about it.

Because what ends up happening is this thing called lifestyle inflation where you know you're making more money, but then you start adjusting your lifestyle to meet that amount of money. And so you never are able to meet your financial goals because your financial goals are gonna live in that gap.

Right? And that gap is the difference between what you're earning and what you're spending. So you are just like, I'm gonna just go hard from the beginning. And so, Started maxing out your retirement contributions, your 401k and then where did that lead you? What was the next thing you started looking at?

[00:14:26] Steven: Yeah, so to give people a framework on the timing, when I started working, it was in the middle of 2008, 2000. That was the timeframe. So there was this thing going on called the Great Recession, and, and I can remember because, you know, there were some people that I went to school with that didn't have jobs lined up for them after school.

And so I was, I was really fortunate to have that cuz I had done, you know, internships and things like that to prepare myself to, to be able to hit the ground running. So I was hearing all of this news about how horrible things were economically, but I still remembered, like randomly like this quote from a Warren Buffet of when people.

Or fearful, be greedy when people are greedy. Be fearful. So I'm like, okay, well I want to do the inverse of what other people are doing. And I think there was a movie that came out oh six called the the Inside Man, Denzel Washington is in It. There's a, a white dude named Clive Owen. It's actually a pretty good movie.

But if you happen to watch the movie, there's a random line in the movie where one of the characters says when there's blood in the streets, Buy property. And I was like, Hmm, that's interesting. Let me, I'm gonna just kind of tuck that in the back of my brain. So, so I think the movie came out oh six.

Somebody can fact check, fact check from the audience on that. But I know it was before the Great recession, so. I remember that and I'm like, okay, so I'm investing in the market, so I'm buying while things are low, like in the stock market, but there's real blood in the streets. People talking about their retirement accounts have cut in half.

So it must be really bad and there's a housing crisis, all kinds of foreclosures. So I'm like, let me try to figure out this real estate investing thing. And so honestly what I did is I started with just trying to talk to people about my interest. In doing it. And I did it everywhere. So I wasn't sophisticated at the time.

Social media wasn't popping like that. So I would be like my employer at that time, they Had me do something similar to like Toastmaster or Dale Carnegie, like speech stuff. And so they'd be like, Hey, you gotta give a speech that's like one minute or three minutes or five minutes. And so sometimes what I would do with my speech is, is I would just talk about that I was looking to be a real estate investor, so I was literally using.

That medium to sharpen myself as a a public speaker and be good with time to say, Hey, can I succinctly tell someone what I'm trying to do real estate wise in 60 seconds? Or three minutes or five minutes. And so eventually I started making connections with people where they're like, oh man, you know, this, this seems like a sharp guy or whatever like that.

And, and people just wanted to help me. So I was really fortunate to eventually build a team of people that allowed me to make that first real estate investment.

[00:17:53] Naseema: The, okay, so before we talk about what that first real estate investment is, I think what's super important and what people need to pick up on is like, I think like innately you have things built into you that a lot, a lot of people have to learn.

And not to take this as, oh my God, well he did that because he is X, Y, Z. But what can I take from what he innately does and has been successful with and apply that to my life? Like, so when you were like you wanted to learn about real estate, but you took that and turned it into an elevator pitch and talked about it everywhere, that is a skill set.

That's what people. Understand like people think, like you kind of have to know all these things to kind of be in rooms or to speak about you know where you wanna go and what you wanna do. Like people wait. And, and like to get to a certain point before, you know, they start speaking on what they wanna do, instead of saying like, Hey, my name is Steve, you know , my name is Steven and I want, you know, I'm thinking about investing in real estate.

Whatever your elevator pitch is and just, you know, speaking to. You know, people in several different rooms. And the thing is, is that the more that you do it, the better it's gonna get. The shorter it's gonna get, the more effective it's going to be. So you're practicing number one, as a public speaking skill.

That's a skill that's transferable to every area of your life. And then number two, people, because people don't do this, people are innately just drawn to you and they wanna help. Because you are just out, you're just outside of the box and they see that you are a person about action. So I just wanna like touch on that because I think that a lot of times people either frown on your successes and saying, well, he did that because, and not saying, well damn, this is the skill that if I pick up and I learn, this is something I, I can apply to every area in my life and be able to be successful in whatever I wanna do.

And it. Using your gift of you like it, it doesn't take money, but what it does is intrigue people to be willing to help you. And so I just, I just wanna highlight that because I think like that's super dope and it's super important and it's just something like, if I always tell people, if you can take one thing away from this episode, you know, and apply that, it's gonna make your life exponentially easier and make wealth building.

That much faster for you. And so I think that that is a, a pure gift. And I think that, but it's something that can be learned and something that anybody can do from wherever you're at. It doesn't take money. So that's perfect. So what was that first investment that you made, that real estate investment that you made?

[00:20:43] Steven: Yeah, so I I bought a property. It was a, a foreclosure, it was a single family home. And, and didn't know the really, the first thing about it, you know what I mean? Like, like I, I kind of had a few for, made a bunch of mistakes as far as, you know, the length of time and had to hired and like, fire a contractor.

I mean, it was, it was crazy. But. What I knew, I knew how to add, I knew how to subtract. I knew how to multiply and buy, and literally that was all I really needed to, to figure it out. So when I bought the property, I knew what, what a finished house should sell for. So I did something called a CMA or a comparative market analysis.

So had a, a realtor. Run. Hey, this is what these homes should sell for in this area. So I'm like, okay, so this is like the top, this is somewhere in the middle. And, and this would be if I wanted to get a quick sale, like the end price. So what I knew is I'm like, Hey, I need to buy it. And all the repairs be under that amount with some cushion.

to get a profit. So literally that was it. That's all I know. And so I bought it and started doing the like having contractors come in and do the repairs. A super side note, I personally hate wallpaper to this day because of that property, because in a money saving effort, I. Up, steaming the walls, pulling off wallpaper.

I'm like, yo, I'll never do this again. I'll just have to buy it better to, to not ever have to do this again. But long story short, it actually worked out. I think I ended up making around like $10,000. I think the exact amount might have been like, like $9,875, something like that. I can find it. I got the numbers for the original deal.

[00:22:45] Naseema: I bet you do. But the thing is, is that, so when you went into real estate, because of all your research and all talking to people you decide to do, was it a live and flip or was it just like you buying a property to sell it? Like what, what, what modality did you use in real estate

[00:23:03] Steven: to start it? I bought it to sell it.

So at the time I was actually renting, like I had an apartment. Mm-hmm. . And so the first, the first property I bought was not to live in, it was to do a flip. So

[00:23:15] Naseema: wait, I, I wanna talk about that because I talk about that frequently on my platform and, and we've had a conversation back and forth about it, is that like, most of the time when people think about buying real estate, they think about buying a personal property and then looking at that as like their life investment.

Right? And I talk about. Buying real estate is great, but just understand what's an investment and what's not an investment. And I think it's, and, and like that renting is not bad. It, it, it just like everybody has to have a place to live. Everybody has living expenses. It's just like, what are you doing with that money?

So you are renting, but you were using real estate to. Invest. So that's an example of buying real estate as an investment and also renting while doing so. So I think that people need to hear that because a lot of times people just, they don't know what they don't know. So I thank you for sharing that.

So you made, you made your near tier $10,000 profit, and then did you continue to do that in real estate or what did you do next?

[00:24:20] Steven: So the, the, the plan, the thought was I wanted to get some chunks because ultimately I wanted to buy long term rental properties and I wanted to do multifamily properties.

So I used the chunks that I made from doing some flips to. Push it towards buying multifamily properties, which I started with buying duplexes. Because the thing about doing rehabs or flips, or whatever you want to call it, is that you don't make money until the very end. So like the whole process is you're putting out money and you have holding costs, you know, repair costs, all that kind of.

But you don't actually make your profit until you've sold it at some point at the end. And I'm like, yeah, no, I'm not personally wild about that. I know people who, they've made, you know, a ton of money doing that, but I was like, that's not really my personal thing. So I wanted to have it where it's more like getting steady.

Funds over time, while also holding it for the long term too, of getting that capital appreciation on the property as well. Which, by the way, let me say this, for all things investing. Long term investing is actually the wave. Like that's really where the crazy growth is. No disrespect to people wanting to do the quick flip or the, the, the play.

You know what I mean? No shade towards that. Just saying that the long term investment or play, like that's really where you could. Dramatic growth. And that can be in business. It, it really doesn't matter what it is. Over time, your efforts or your money's compound.

[00:26:12] Naseema: Thank you for sharing that because I think where people get caught up in is that like fast money and, you know, money come, money go.

It's like that, like if you're looking for fast money, you're probably gonna, chances are you're gonna lose it fast. And, and, and you're not gonna learn, you don't have that solid, like, long term foundation. And the thing about long term investing is it doesn't mean that you don't make money fast. It just means that your money is able to.

The money that you're making is able to compound and just like you were saying earlier, you want, you know, your money to work harder for you. And the longer that it's in the game, the longer it's able to work hard. And so that's where that comes in. So again, I think that that's a super valuable lesson for people to understand that it's about.

The long term. And when I say long term, people are thinking, oh, I gotta wait till 50 years. That's not even desirable. But for you, long term is just over a couple years. And I kind of wanna get you to kind of where you're at right now and how those foundational things that you've done has led you to be in a place of financial independence.

Cuz let's just say it like you don't have to work for anybody if you don't want to, but how did you get to that point? People need to know like, okay, where you're at. Right. Financially And how, and how those things that you did, those foundational things that you did led to get you there.

[00:27:34] Steven: Yeah, so we, we may have buried the lead here, but so I, I made my first million at age 31.

So we, we, you know, probably should throw that out there for the people who are listening. But so what I did and, and, and what, so I wanna speak to the people that they're like, man, I'm right at the. What, what should I be doing? A lot of that Super old school or just basic simple principles like I use those of saying, Hey, let me first stabilize and have some money set aside in case some things go sideways.

Or you can call that an emergency fund. Having that allowed me to have more confidence to be aggress. In the, the investment decisions that I made, avoiding debt to where it didn't pressurize me to have to go for the quick flip or the quick play because I literally had properties that by being able to buy them, take my time where they did a five x or a six or a seven or close to 10.

Return on my initial investment, but it was because I, I had time to let it breathe. I wasn't in a rush to make things happen. Now, timing did help of, because it was in the heart of the great recession the, that was helpful cuz that rebound was crazy to the upside, which by the way, like as we are speaking, There is economic volatility, chaos, turmoil the headlines are all over the place.

We're in a recession or we're gonna be, it's likely, like if that stuff is unsettling, you block out the noise. But be aware that when there is turmoil, that there's also opportunity. Like baked into that. So like the I'll go real quick on, on sharing this real quick. Is the, the Chinese word for the Chinese word for chaos, I think is called uh, uh, ji.

And it's a compound word. The first part means danger in the in the second part is opportunity. So, so like, If, if you think about it in chaotic times, in in rough times, you want to be aware of the danger, but don't miss the opportunity. That is also staring you in the face right in front of you. And I believe that in the uncertain times that we're in where inflation's going crazy and you know, stock market, it was way up last year and it's been down throughout this year.

Be mindful of the opportunities that are there. You you respect the danger of saying like, Hey, I want to have some money tucked aside in case things. Sideways for you personally, you know, in your own household, but don't miss the opportunity. And, and that's what I did in the last like real rough times, like certified.

Where we knew is I did that. And then when it went to the upside, it wasn't the, the, the thing is like hitting a million at 31. It wasn't, it wasn't like it happened that I was almost there at 27. Like it, it just went whew. You know what I mean? Like kind of did an exponential,

[00:31:21] Naseema: I know, you know, I know you know the numbers, but just for people to understand the power of investment compound interest and the opportunity of the time you got into the market, which was in the middle of a great recession, can you explain like how much money you.

Invested like out of pocket that got you to that million.

[00:31:42] Steven: Holy moly. It was less than half. I know that. So to put that in perspective for, for people who are listening I invested less than 500,000. To end up with a million, like when I got to the first million. Yeah.

[00:32:00] Naseema: So what I want you to do is, because we're, I, like you said, we're in uh, currently in a state of kind of turmoil as far as like things going down.

We're talking about inter intercession, which we've been talking about forever, but now people are actually filling it with the layoffs, with the stock market dropping and all of those kind of things. What we talked about earlier is some blood in the streets. So what are like some tips and some tangible things people can do right now to see the upside when the market turns around?

[00:32:33] Steven: So, some tangible things is assuming that you're stabilized. So, so I wanna assume that you've got funds. Aside in case things go sideways. So like the average time that it takes for someone to find a new job in the middle of a recession is three months. So like when you hear people say, have three to six months as a rule of thumb, I want you to put something real to that.

So assuming you have that what I would say is the simplest way, and by the way, that Chinese word is not chaos, it's crisis crisis. Opportunity and, and danger. But what I would say is a super simple way is you could do something called dollar cost averaging in the stock market, which the name.

Isn't intuitive to what it means, but it's just saying you can pick a set amount that you're gonna do monthly or weekly and that you're buying regardless of what the price is of the asset that you're buying, which a super simple way to, to do. That instead of having to look at 10 Ks and 10 Qs of, of companies or looking at, you know, their reports and earnings calls and things like that a super solid way is just, you know, buying a well known broad based index or people will call 'em index funds.

That's a wonderful place to be able to invest money where you're kind of like buying the whole market or you're buying a, a large portion. Of it or representation of it. That would be a great place to start of doing like that dollar cost averaging. If, if you're in a space where you're a little more potentially sophisticated, you could like say, if you know how businesses work and things like that, this could be a wonderful opportunity to invest in like someone's private business that is doing well.

So, to kinda give you some examples cleaning services tend to be recession resistant. Because people who are typically paying for their homes to be cleaned, they tend to have more resources. And that's one of the things they don't want to give up. You know what I mean? Like if, if you've been paying for your home to be clean professionally by somebody typically that's not one of the first things that you'll.

in your spending cuz you see value in it, giving you time back and, and you know, your home smells good and fresh sense and all that. So like, there could be opportunity there if you understand how that business works and can help that you know, that business person be able to expand. So I'm, I'm just trying to give you guys some different things to, to think about that's not just the stock market or, you know, real estate or things.

Broadening your base of what you could

[00:35:28] Naseema: do, right? So we need that three to six months of emergency fund, which is three to six months of your living expenses. Look at dollar cost averaging into the market. And they should, it's easy to disinvest in index funds where you, you own the market as opposed to just individual stocks cuz.

You know how that is right now. And then look at some opportunities. And I love the private investment opportunities because this is a time where there's businesses that need access to capital that don't necessarily, or can't necessarily go traditional routes. And so there's several opportunities there.

And that is another way of looking at investing and growing your money because like, like just like anything else, when the market turns around, you're gonna own a part of a company that you know is gonna blow up just like anything else. And then, so, you know, you, you can invest a little amount right now, own a, own a portion of that company or have them paying you.

You know, high interest rate. A high interest rate. So it can be a combination of those things, but I think like those are kind of investments that people kind of like sleep on or don't understand, but they can be just as simple as buying an index fund if it's set up correctly. So I love those. Those options that you've given people, because this is a time where a lot of people are in a state of fear, and I think with the little mindset shift and understanding that in these conditions are where million and billionaires are made But being able to partake in that, because typically people that look like us are excluded from this because we go into survival mode when it does not take a lot to turn your finances around and be able to buy into opportunities during these times.

And it doesn't take a lot because everything is on sale. Everything is cheap right now. So I think those. Perfect examples of how, you know, we can use these times and instead of working out of a place of fear, work, out of a place of opportunity. And I love that Chinese like proverb or whatever it is that they call it or quote, but I, I, I think it's, it's super important that we understand those things.

And that's why this podcast is here to give you exposure to people in opportunities that you didn't even know was possible. Because I didn't know that this was possible. I didn't, I didn't become a millionaire at 31. I didn't even start turning my finances around until I was 34. That's when I started getting, oh, becoming aware that this world even existed.

So if we can shortcut those things for you, and you can actually take actions on that, on those steps, This is why the pod this podcast exists, especially for black people, because if you guys aren't aware, our, our wealth is approaching zero. Our total net worth as a community is approaching zero, and it's getting, it's, it got.

Ex, like the devastating effects were compounded by the pandemic. And people need to understand that we have to take action. We have, and a lot of it is about securing your own personal finances, because if you don't secure your own personal finances, you don't have the power to. Help other people. You don't have the power to impact the social issues that are affecting you and maybe holding you down, but it also gives you a strong footing to be able to maneuver in life and take control over your life in ways that you couldn't if you're in survival mode.

And so I, I just really want to thank you, Steven, for being here because I feel like people just, first of all, I really feel like the way that you think. Needs to be like trademarking and put into a system like the Steven Stack like methodology because. Just, just the little, just the way that you think about the world is what sets you up for success.

But these are things that are replicable if people knew what was possible and what people could do. And so I hope that in hearing what you have done, people. Are able to implement these things in their lives. And so, super dope story, super, like the mindset is, is the mindset for me. And it's the mindset that people need to understand, like on top of like all the numbers that he put out there.

Like just think about the way that Steven looks at the world and looks at opportunity. And if you are able to implement that in your life, it's really gonna help. In all areas of your life. So I appreciate that. And I just want you to share with people how they can reach out to me. I know you be on the under and I'm just very fortunate that I got

I have the opportunity to know you. But real G's moving silence and Steven definitely does. So you know, that's another thing to note, but where can people get in contact with you or follow you? If they wanna learn more about.

[00:40:32] Steven: Yeah. So a simple, a simple way to catch me. I've, I've got a website.

It's just Stephen with a v stack.com. So that's, that's one way. Stephen l stack.com. I'm most active on Instagram. My handle is at stacking. With Stack. Which by the way, I always feel like I have to give this disclaimer. I will never solicit you for money. I'm not gonna ask you how your crypto trading is going or anything like that.

So cuz there's a lot of, you know, scammers and fake accounts and things like that. So, but I just try to share things regularly that are gonna. People think about money in a good space or maybe some timely things that may be happening just in general in, in the, you know, in the country and society.

Or just something that impacts a lot of people financially. So that's a good place to be able to connect with me. I do actually respond to people when they reach out as well. So I appreciate you having me. This was really.

[00:41:31] Naseema: Super dope conversation and reach out to Steven, but like when I tell people like you are the, you are the average of the people that you surround yourself with and to curate your social media and the things that you consume around.

People that you aspire to. Steven is definitely someone that I would add to that like, because like I said, it's just a mindset shift. It's just a way of thinking about things. And if everybody is panicking and you see Steven over here smiling and he making moves in the background, you need to know what he's doing.

You don't need to follow the masses. And so I think he, you. He's in, he's in my circle. I want him to be in yours. So make sure you're following Steven, stacking with Stack. Thank you so much Steven. This is the mom. This has been the mom and I appreciate you and you know, I'll see you around. But yeah, everybody make sure you connect with Steven.

Add him to all your socials and you know, tell a friend to tell a friend that this is where it's. All right, Steve. Thanks .

[00:42:38] Steven: You're welcome. And thank you for real. For

[00:42:42] Naseema: real. .

Hey there I’m Naseema

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