Jay-Z's Warning The $6 Trillion Wealth Opportunity Most People Miss

**SPEAKER_1** (0:00)
Let's talk about, okay, wait a minute.

**SPEAKER_2** (0:01)
Hold on, real quick. Speaking of something we gotta talk about, that insurance post you made on IG caught my attention. Can you give me your thought and break down on that and why that's a great solution?

**SPEAKER_1** (0:14)
Yeah, for sure. Let's get into it, actually. Let me just look at it, just to make sure I got the right numbers. So I just get random thoughts sometimes. So I said the fastest way to create black wealth is not stocks, real estate or crypto.
That doesn't mean that we're not champions of stocks, real estate and crypto. Obviously, we have a show called Market Mondays where we talk about stocks all the time. But if six million black men ages 40 to 60 each had $1 million life insurance policy, that would create $6 trillion in tax-free wealth transfer to the next generation. That average policy costs less than a car note. Six trillion. And the reason why I said it's just the easiest because it doesn't take...

**SPEAKER_2** (1:02)
You've got to be a genius to do it.
And to Ross Max point, the killing that happens in our community, the insurance companies will stop, will make sure that we don't get killed at a certain clip because it's going to cost them a certain amount. I'm out to pay that shit out.
That's an economic decision. Even like when you guys at the episode about the police bonds, like if an officer does something, they already have investments in place to cover the lawsuits.
If all of us are insured, they're going to thwart some of the issues that have happened. Now, the other conversation is, will they raise the premiums up and try and price this out? But let's act really quick to get covered.

**SPEAKER_1** (1:51)
Why did I just say men? Of course, women should get insurance also. But I always thought a good campaign would be, every black man in America needs at least a million dollars of life insurance. At least a million dollars of life. That should be a goal. That should be a goal. What if every, like I said, did ages 40 to 60 because that's prime, those are prime ages.
What if every black man in America, or in that case, six million black men, which I don't think that's every single black man, but what if six million black men or every adult black man had a million dollars of life insurance policy? That would literally within the course of probably 30 to 40 years, change the wealth trajectory of black people in America. Like I said, that's six trillion dollars of wealth transfer tax-free, let alone retirement plans, stock portfolio, real estate. We're not talking about none of that. Cause like I said, that's why I said, like you don't have to have any level of brilliance, intelligence, sophistication, anything.
Anything. And that's shooting for the stars. Hey, even if you don't get a million, a half a million, whatever, but think about the wealth transfer that would create in a relatively short period of time.

**SPEAKER_2** (3:11)
And like you said, it's cheaper than the Cardinal. Like if you want a permanent policy, I think it's 400 to 1,000 a month for that coverage. Or if you go term, it's like 80 to 250 But just knowing even in that, like there's certain things to cover, even in like my first InvestFest presentation, I talked about like a business matrix of like 24 assets that you want to have. That was probably fourth on the list. It's needed. And if you want to go up even higher, like a $10 million policy is not as much as you think. It's not as much as you think.
So I thought it was a brilliant assessment. Because a lot, of course, with investing, you know, I always get to what stock, how do I know it'll last? It's like this is an easy asset to buy that's really cheap and cheaper than most cost per share of any company that I would love. So I definitely think it's one win.

**SPEAKER_1** (4:04)
And okay, and the black men, why specifically black men? Well, if you're the leaders, if we're going to be leaders in our community and leaders of our family, it has to start with us. So women should get life insurance also. But what I saw, unfortunately, a lot of times in a black community, when I used to be in insurance, I used to be in the world of insurance. Oh, oh, women were getting insured more than men.
Women, black women were getting life insurance at higher rates than black men.