Jerami Grant, forward for the NBA’s Portland Trail Blazers franchise, joins Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss his equity stake in soccer club D.C. United.
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0:00 Introduction
2:09 Jerami Grant On Making It To The NBA, His Career & Journey In Basketball
5:45 Jerami Grant On Investing And Diversifying His Portfolio
7:46 How Some Athletes Acquire Brand Deals With Notable Fashion Companies
11:36 Jerami Grant On His Work Ethic And How It Translates To Basketball And Business
15:59 Jerami's Background And Growing Up In The DMV Area
19:40 Jerami Grant's Biggest Financial Literacy Lesson
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Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
0:00 Introduction
2:09 Jerami Grant On Making It To The NBA, His Career & Journey In Basketball
5:45 Jerami Grant On Investing And Diversifying His Portfolio
7:46 How Some Athletes Acquire Brand Deals With Notable Fashion Companies
11:36 Jerami Grant On His Work Ethic And How It Translates To Basketball And Business
15:59 Jerami's Background And Growing Up In The DMV Area
19:40 Jerami Grant's Biggest Financial Literacy Lesson
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
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More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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LifestyleTranscript
00:00He's quiet but effective on the basketball court.
00:02The man plays the African harp,
00:04and he just became an investor in the MLS franchise.
00:08Talking business with Jeremy Grant
00:09right now at the NASDAQ MarketSite.
00:11♪♪
00:14Hello, everyone. It's Jabari Young,
00:15senior writer at Forbes,
00:16and I am joined by NBA forward Jeremy Grant
00:19of the Portland Trailblazers,
00:20who was drafted by my Philadelphia 76ers.
00:23Also, OKC Thunder, Denver Nuggets man,
00:25spent some time in Detroit.
00:26Welcome to the NASDAQ, my brother.
00:28Thanks for joining.
00:29Yeah, great to be here.
00:30Absolutely.
00:30Yeah, no problem, man.
00:31Well, listen, we're at the stock market, right?
00:33And so you got to give me a stock.
00:34Like, what is something you want to buy,
00:36something you may be looking at,
00:37or something you may have that's doing really well for you?
00:40I'm not even going to lie to you.
00:42I'm not big into stocks myself,
00:44but I do have my financial advisor, Kenny.
00:48Kenny Muse, he does my stocks for me,
00:50and he's big into a lot of them,
00:52so I trust him with everything.
00:54Yeah, do you call him up sometimes,
00:55say, hey, man, what's going on in my portfolio?
00:58Yeah, sometimes if I see stocks going down
01:00or something like that, I'll be like, is our money good?
01:04He'll tell you to calm down?
01:05Yeah, you're like, no, don't worry about it.
01:06It'll be back up.
01:07Yeah, you can't pay attention to it, I heard.
01:09You know, when you're an investor,
01:10it's like you've got to put it in and don't even look at it.
01:11Yeah, because you want to pull out and stuff like that,
01:13and you just let him do his thing.
01:14And also, man, Happy Father's Day.
01:16You're a girl dad, man.
01:17Thank you, thank you.
01:18I'm a girl dad myself.
01:19Any tips, man?
01:20Mine's just 10 years old, going on 18 almost.
01:22Any tips you got?
01:23Oh, you might need to give me some tips, man.
01:26I got a one-year-old and a three-week-old now.
01:29Nice, man.
01:30How does it feel?
01:31I love it.
01:32I love being a dad.
01:33It's everything.
01:35Nice, man.
01:35Especially a girl dad.
01:37Yeah, you know, you got to pay attention, too.
01:39Attention to detail.
01:40Everything.
01:40You know what I mean?
01:41Heartbreaking.
01:42Hey, listen, man, listen, we're right here.
01:44And jumping to some news, you just
01:45became an investor in the MLS franchise, DC United.
01:48You grew up down in the DMV area.
01:51So tell me, what stands out about DC United?
01:54Why did you decide to go all in and become an investor
01:56with this MLS franchise?
01:57I know there's a lot of NBA players
01:59that are in the soccer space.
02:00You know, Kevin Durant, BNC's a big one.
02:03Yo Gotti is an investor of yours as well in the entertainment
02:06space.
02:06But what stood out about this?
02:08What stood out about this team?
02:09I think a few reasons.
02:10I think the first reason, ownership.
02:14Jason, Jake, and Stefan, they made it easy for me
02:17to invest in DC United.
02:21Forward thinking, real down to earth.
02:23Usually, when you meet people that are that high up
02:26and have that much money, they might be less personable
02:31and things like that.
02:32But they were really cool.
02:34They brought me in, gave me the offer.
02:37They wanted me to be a part of it.
02:38And it was a no-brainer for me.
02:42After that, I mean, I think growing up,
02:46everybody wants to play for the big sports
02:53team, the professional sports team in the area.
02:55So that was always a dream of mine,
02:58to be able to play for a professional sports team.
03:00But I think you can even one up that
03:02by being a part owner of a sports team in the area.
03:06So for me, it was a dream come true
03:09to be able to own a team in the area, right?
03:12Like, you dream about things like that.
03:14And when the opportunity came, it was just a no-brainer.
03:19Was it an instant yes?
03:20Or did you have to say, all right,
03:21let me see if the money makes sense?
03:23Or was it like, hey, I'm going all in?
03:25Yeah, I think the first piece that really helped me
03:28was ownership.
03:30So we had a bunch of meetings, right?
03:32It's a lot of money, right?
03:33So for me, it's like, does it make sense, right?
03:36I'm talking to my financial advisor and Kenny.
03:40And we're having meetings with Jason and Jake and Stephan
03:44and everything.
03:45We want to make sure it makes sense.
03:47And I mean, it's lucrative, to say the least.
03:51And it's only going to grow.
03:53The MLS is growing so much at a crazy pace
03:57with Messi coming into the fold and World Cup and everything
04:02soon.
04:03So it's just huge.
04:05And it was a no-brainer.
04:06And I would say, lastly, DC United
04:09is really into the community.
04:11They give a lot to the community.
04:13And me having my own foundation, Our Generation Foundation
04:17in Maryland, in DC area, in Virginia area,
04:22and them coming and talking to us about partnering,
04:24doing a lot of things, that just made it easy, I think.
04:28I have a lot of roots in the area.
04:29And I think this is just another route for me.
04:33Absolutely.
04:33Well, Forbes values this franchise $775 million, right?
04:37And the average MLS club, up 14% year over year.
04:41So it's like you're getting into a good business here, man,
04:43if the valuation is going up.
04:44I was talking to Yo Gotti again, an investor in this franchise
04:47as well.
04:48And I remember him telling me he was really
04:50into the valuation side, right?
04:52He was talking to Jason Levine, the owner.
04:54And they were up in his suite talking for hours
04:56about valuations and things that goes into it.
04:58Are you looking to get something out of this
05:00from a learning standpoint?
05:01If so, what are you looking to get out of the ownership side?
05:05Definitely.
05:05So I've definitely had conversations with them
05:08already.
05:08We talked about it a lot.
05:11And I text them every once in a while.
05:13Like I said, they're very personable.
05:15You don't really think that.
05:16But when you get to know them, they're very personable.
05:19Him, Jake, Stephan, and you can text them all the time.
05:23So I text Jake all the time about our kids and things
05:27like that.
05:28And then he'll give me a lot of tips on other things
05:31that I'm doing investment-wise.
05:32And he's even helping my other financial advisor as well.
05:37Did you call any NBA brethren about, hey,
05:38what is it like being MLS?
05:40Like anybody that's already an owner inside of the league
05:43that you call for advice?
05:45No, not really.
05:46No, I didn't.
05:48I did talk to a few part owners of DC United
05:53with Mark Ingram, Yo Gotti.
05:54He was at a game.
05:55So I got to talk to him last year a little bit.
05:57And yeah, I mean, they really enjoy it.
06:01They really enjoy soccer.
06:04Obviously, a great investment at this point.
06:06And yeah, I mean, they just give me good things.
06:10Now, we go deeper in your portfolio, right?
06:12Is this your first big investment in something?
06:17Not my first big investment.
06:18My largest investment.
06:19Your largest investment.
06:20OK, so what's inside of your portfolio now?
06:22What other companies do you have?
06:24What other brand deals have you signed to?
06:26So I was talking to one of my finance guys.
06:28I don't think we're allowed to talk about too many
06:31other things, but I'm big into real estate now.
06:35Recently, I would say, in the last few years,
06:38getting more into real estate, starting
06:40some stuff with family.
06:44But big investments as well.
06:46And then tech.
06:46I'm into the tech space.
06:48Doing some different things there as well.
06:50Real estate's a key, man.
06:51What do you like about what's going on in that sector
06:53right now?
06:53I mean, the housing crisis is there, right?
06:55We definitely need more housing.
06:57You find some people who, if they're not building,
06:59they're just taking some homes, and they're remodeling them.
07:01And then being able to rent them out or possibly sell them.
07:04Where are you at in that sector?
07:07Buying, fixing up, renting out.
07:08I think the longevity of it is something
07:11that is important for me, right?
07:13Like, I've been in the NBA 10 years, going on 11.
07:16I know that I'm not going to play in the NBA for another 20
07:19years, right?
07:19So getting something stable for me and my family,
07:24for the community as well.
07:26To be able to have something together and consistent.
07:31Yeah.
07:32It doesn't sound like you're going to buy these and sell
07:34them.
07:34It sounds like you're going to be buying them and keeping them
07:36for a long time.
07:36Yeah, buying them, keeping them.
07:38Something you got to move off.
07:41It's a bit of a game.
07:42But yeah, we've been keeping a lot of them so far.
07:46Yeah.
07:46Well, listen, I made some calls around the league, right?
07:49And I called my boy Aaron Fentgers up in Portland.
07:52And I said, man, tell me something dope about Jeremy
07:54Grant.
07:54And he says, well, man, listen, he's in the anime, right?
07:57I'm like, we see that a lot.
07:58So you're really in the anime.
07:59And he says, Jabari, he's original
08:01when it comes to fashion, man.
08:03Where do you get your fashion eye?
08:05Where do I get my fashion eye?
08:07I think I always had an eye for it.
08:12And I think over the years, I've been able to curate it.
08:16I love anime, like you said.
08:20They always got some good stuff on.
08:23TV shows, inspiration.
08:25I travel a lot.
08:26So when I'm traveling, I go to India, might go to Africa.
08:32And I might see something that's inspirational.
08:34And I'll be like, OK, well, I got
08:35to find something similar to this.
08:38And then I'll search through a few brands,
08:40figure out which ones I like.
08:42And I think I got a good handle on what I like now, curated.
08:46Yeah.
08:47Well, one of your essentials was Rick Owens, right?
08:49I know.
08:50What do you like about Rick Owens in that line?
08:52I don't know if I can afford Rick Owens, man.
08:54You make more money than me, so you got the Rick Owens.
08:56What do you like about Rick Owens?
08:57Because he's in your essentials.
08:59I love it.
08:59I think Rick Owens, he's a genius when
09:05it comes to the fashion space.
09:08His fits, the way he drapes his clothes, all of it.
09:14All of it is very simplistic, for the most part.
09:19But it's very unique to him.
09:21And it's something that is almost impossible to recreate.
09:26You remember the best fashion tip
09:28you've got in your entire life that
09:29just changed your whole style?
09:31And if so, drop it on me, please.
09:33Best fashion tip?
09:34Best fashion tip I would give, and I
09:38don't know if someone told me this,
09:41or if it's kind of just hit me from watching other people.
09:44Maybe from watching Russell Westbrook.
09:46He's a really good friend of mine.
09:48OKC, just being around him, and seeing that he was himself.
09:54I think that the tip that I got from that,
09:57he might have told me he might not have, but just be yourself.
10:01Whatever you enjoy wearing, and however you want to look,
10:04just be yourself.
10:07Once that hit, it was just like, it
10:09doesn't matter what other people are
10:10thinking about what you're wearing,
10:11as long as you like it.
10:12Yeah, I'm going to ask him that.
10:14He's coming to the BLK soon.
10:15He's one of the keynote speakers.
10:16I'm definitely asking that, man.
10:18Let's dive into your background a little bit.
10:19You grew up in Maryland, right?
10:20Your dad is Harvey Grant.
10:22Your uncle, Horace, helped the Chicago Bulls and the Lakers.
10:25They beat my Sixers that year, too, man.
10:26I don't even like that.
10:28But what's the biggest thing you learned from your dad
10:30on the court, and your uncle?
10:33Just to work hard.
10:35That's what they preach the most, was work hard.
10:38Stay at what you're doing, and eventually, things
10:41will turn out the way they're just supposed to.
10:44And that's something that I keep with me, always.
10:48You might not always see the picture in the end,
10:53but as long as you're working hard,
10:55it'll get where it's supposed to.
10:57Yeah, and then you go ahead, man,
10:58and you attend Syracuse.
10:59David Falk, College of Sport and Human Dynamics.
11:03What was your backup plan when you were in Syracuse?
11:05And again, you just mentioned that you're not
11:07going to play basketball forever.
11:09But when you're in that grind in school,
11:11are you thinking you have a backup plan
11:13if basketball doesn't pan out?
11:14And if so, what was it?
11:15Not at all.
11:16No backup plan.
11:16Wow.
11:19It was always like, this is going to work.
11:22I'm going to play basketball.
11:26And when it's time to think about what's happening after,
11:29I'd think about it then.
11:30But no, in the moment, no backup plan ever, really.
11:36Just going to college like, I'm going to the league.
11:38I don't care how I'm going to get there.
11:39I'm going.
11:40Yeah, I'm blessed.
11:41I've been blessed with a lot.
11:45And worked extremely hard to get here,
11:48but just been blessed, to be honest.
11:50Yeah.
11:50What was one of the biggest things
11:51you learned from Syracuse coach, Jim Bohan?
11:53I mean, listen, he's a legendary college coach, right?
11:56Yeah.
11:57One of the things you learned from him
11:58that you use in business and that you use just as a man?
12:02He was a winner.
12:05I think that was his thing.
12:07And for me, watching it from his perspective
12:12and seeing how he coached us was just like,
12:15we're going to win games no matter what.
12:16No matter what the cost, we're going to figure out
12:18how to win these games.
12:19So that was huge.
12:20And another coach that really brought me under his wing,
12:23Adrian Audrey.
12:24He's the head coach there now.
12:27He taught me work ethic and everything,
12:30just on another level.
12:31I think I've been working hard for a while.
12:34But he brought me up, took me under his wing,
12:35really cared about me, 6 AM workouts and stuff like that.
12:38So translating that to business, I think it's similar, right?
12:42You've got to put the time and the work in,
12:44in order to get the results that you want.
12:47Yeah, yeah.
12:47I mean, listen, you drafted by the Sixers
12:49in the second round, 2014 draft, right?
12:51Before I go on, did you have a cheesesteak
12:53when you was in Philly?
12:54I loved cheesesteak.
12:55You did?
12:55Where'd you go?
12:56Where'd you go?
12:57My favorite was Ishka Bibbles.
12:58Ishka Bibbles, all right.
12:59That's on South Street.
13:00It's right across the street from Jim's, right?
13:01So I don't know.
13:02So Jim's is your favorite?
13:03Jim's is my favorite.
13:04Del Sandro's and Jim's, right?
13:05So I tell you, if you go anywhere outside of those two,
13:08I don't trust you to get out of the city, right?
13:09OK, OK, OK, cool, cool, cool.
13:11But I mean, listen, second round pick, man.
13:13And here you are, right?
13:14Five-year, $160 million deal you signed with the Blazers.
13:16One can say you put a lot of work in to go from that,
13:18because you usually don't see that.
13:20Second round picks, they come in, they grind.
13:22You don't see them get that type of conjecture.
13:24But here you are, going and working hard and did it.
13:26Do you, if you had to describe your career in one word,
13:29up until this point, what word would you say it is?
13:33I would say perseverance.
13:35Perseverance.
13:36Yeah, I would say that.
13:38I think you don't always see the end goal.
13:42You don't always see, sometimes it's
13:47hard to see where you're going.
13:50But if you put your head down and work,
13:52that's always been something for me.
13:54If I put my head down and work and enjoy what I'm doing,
13:57really enjoy and love what I'm doing,
13:59results will be whatever they're supposed to be, right?
14:02You've got to be able to accept whatever it is.
14:05And I think I've been able to do that.
14:07Yeah.
14:08In between your career, was there,
14:09I know you said Russ was one of the guys
14:11you kind of really gravitated to.
14:12But was another guy, a vet, that helped you along the way
14:15to get you where you are now?
14:16I mean, listen, when people look at your stats,
14:18I say quiet, but effective on the court.
14:20I mean, he was averaging 21, right?
14:21It ain't like you out there just putting up bad numbers.
14:23You were averaging really good numbers.
14:25But has there been a guy or vet that's
14:26really helped you along the way to kind of get
14:28you to where you are now?
14:29Yeah, I would say Russ.
14:31Russ is definitely the biggest.
14:33He took me on his wing in a bunch of different ways,
14:36to be honest.
14:37On the court, off the court.
14:39What was he like off the court?
14:40He's cool, like super cool.
14:44I mean, that's my brother, right?
14:47I mean, he enjoys life.
14:49He really enjoys what he does.
14:51He enjoys being a part of this and being
14:53a part of something bigger than him.
14:55And I think there's a lot of qualities
14:59that I took from myself that I see in him that I like.
15:03When he was in that mood, did you
15:05try to call him and get him up to Portland
15:06or something like that?
15:07Like, hey, man, why don't you come up here and play with us?
15:10I know Russ likes LA, because he's from that way.
15:12You know what I mean?
15:13It's his heart.
15:13He's home.
15:14He's home.
15:14He enjoys that.
15:16Now, if I'm not mistaken, you were born in Portland.
15:19You grew up in a DMV, but you were born in Portland.
15:22Does that mess, like you find yourself playing there now?
15:25Like, do you just like, man, this is wild.
15:27I grew up, was born here, and now you
15:29find yourself playing there.
15:30Yeah, it's crazy.
15:31It's full circle.
15:34Me and my mom talk about it often.
15:35Like, I was born in Portland.
15:37I lived there for about two years, moved to the DMV.
15:40So in my mind, I'm from the DMV, right?
15:43Like, I grew up there and everything.
15:46But full circle, right?
15:47Like, my dad played there.
15:48And now I'm playing there, right?
15:50Like, my daughter was just born there.
15:52So it's just full circle when you think about it.
15:55And no, I feel, I mean, it's, I mean, I don't know.
15:59That blew me away when I saw it.
16:00Like, man, he was born in Portland.
16:02Like, I mean, you grew up in the DMV,
16:03but now here you are playing there.
16:04Like, did that factor in when you signed the deal?
16:07I don't know if it factored in.
16:09I don't believe in coincidences, though.
16:14So, you know, when it hit, it was just like, yeah,
16:17this is, you know, this is what we're doing.
16:20Yeah, just having my family out there,
16:22knowing that I was born there, it's crazy.
16:26One more stop, man.
16:27I made another call and it was up in Detroit.
16:30I talked to some people there and they flashed back
16:32to 2022 when the owner there, Tom Gores,
16:35he had put up 20 million and he came to the players
16:37and said, hey, what should I do with it?
16:39And I called up there, they says, man,
16:40Jeremy was the one that was behind the scenes
16:42telling him it needs to go to this community center
16:44on the Detroit and the West side.
16:45Like, that was him pushing that money.
16:47And I go back, where do you get that civil,
16:49like that community from?
16:50Like, where is it based?
16:52Is it something happened where it sparks you there?
16:54I know that, you know, David, you know,
16:55Falk College preaches public service as well,
16:58but where did you learn that from?
16:59Where does that passion come from?
17:01Yeah, so I would say growing up,
17:03we had a lot of ups and we also had a lot of downs.
17:05So not to get into details too much, but you know,
17:08we had a lot of ups and downs.
17:09So just seeing both sides of, you know,
17:13how you can live, you know, with a lot of money
17:15and without a lot of money and just being able to,
17:20to feel that and understand how it is
17:22and to have people help you out
17:24and to know how much it means for people to give.
17:29My mom always taking us to like the soup kitchens
17:31to give back and feed the homeless and things like that.
17:34I think that's something that she instilled in me
17:37really early on.
17:39And then also to feel that was a big difference.
17:43So when it was time for me to, you know,
17:48come to the NBA and make a lot of money,
17:49it was instantly, it was like, okay,
17:52it's time to start Our Generation Foundation, right?
17:55Like it took a few years in the NBA to get my foot in
17:58and then I started a foundation, Our Generation Foundation
18:01and things like that.
18:03Whenever it's people coming to us with a lot of money
18:08that they wanna donate, it's,
18:11you gotta look at it from the people
18:12that you're giving perspective, right?
18:14Like what do they really need?
18:15And yeah, I helped facilitate that.
18:17And I think that was really good
18:19for the community out there.
18:20Yeah, I mean, listen, your foundation, right?
18:22And mission is to inspire and empower youth
18:24to explore their talents, providing information,
18:27advocacy and service to them,
18:28maximize their potential and their special gifts.
18:31I would think that community service
18:32out there in Detroit Westside,
18:34it aims for those barrels under that.
18:36Yep, exactly, exactly.
18:38Listen, man, wrapping up here,
18:40some macroeconomic stuff and some fun stuff.
18:43We'll start off with, what does Jeremy Grant,
18:44what do you look for in a business pitch, man?
18:46So when you leave out of here,
18:47you see somebody coming off of the elevator,
18:49saying, I got something for you.
18:49What do you wanna hear in a business pitch
18:51to get you going?
18:53For me, in a business pitch,
18:57I need to hear something that resonates with me.
19:00I alluded to not believing in coincidences.
19:04So it has to be something that I've seen,
19:07I've felt or makes sense to me.
19:10It has to be something that I enjoy
19:13or that's tied to me, right?
19:15DC United was big for me because it's in the area, right?
19:19They give back to the area.
19:21Professional, one of the top professional sports team
19:24in the area.
19:25So for me, that was like, okay, well, it makes sense.
19:28I don't have to think about it too much,
19:30but also let's talk to Kenny and everybody
19:33about if it makes sense financially.
19:36So a business pitch has to resonate with me,
19:39I would say that.
19:40Gotta be organic, yeah.
19:41Biggest financial literacy lesson that you've learned
19:44while you're playing basketball?
19:45It had to be something that just triggered.
19:49Restaurants are difficult business.
19:51Restaurants are difficult business.
19:52So I take it you're in the restaurant business.
19:54Was.
19:55Was in the restaurant business.
19:55You got out of the restaurant business.
19:56You didn't like it, huh?
19:58It's hard.
19:59I think it's hard.
19:59I think you have to...
20:01So in saying that, I would say,
20:03the biggest thing is when you're getting into business,
20:06make sure that you're getting into business
20:07with people who know what they're doing.
20:09That person that ran a restaurant
20:10didn't know what they was doing.
20:11Yeah, I mean.
20:14Your first million, man,
20:15I think I know how you made it, right?
20:17How did you spend it?
20:18Anything you would do differently?
20:20My first million, I got my mom a house.
20:25Me and my brother, we went in together.
20:30And I saved a lot.
20:32Wow.
20:33I had the same 2014 Audi Q7
20:37for six or seven years.
20:41You still driving it?
20:42Nah.
20:43Oh, you upgraded it.
20:44Yeah, yeah.
20:45I upgraded now.
20:46Upgraded, upgraded.
20:46You still have the car though.
20:48Some people keep it for sentimental reasons.
20:49I gave it to one of my close friends.
20:51Okay, so you gave it away.
20:52One of my best friends.
20:52So you're still in the family then, right?
20:54Yeah, yeah, yeah.
20:54Okay, so what's your saving technique then, right?
20:57Because you get a lot of money,
20:58people can go AWOL.
20:59What's your saving technique
21:00that maybe some people can learn from?
21:03Think get a really good financial advisor.
21:07But also I think you figure out
21:09what you really enjoy doing.
21:12And you make a budget.
21:13I think a lot of the times
21:15when you make a lot of money
21:17you think it's infinite, right?
21:19But it's definitely not.
21:21And it's a lot of ways you can spend money
21:23and it's a lot of ways you can spend a lot of money.
21:25So I would say like,
21:27for me it's budget, right?
21:28Like this is how much I have to spend this year on clothes
21:32or this is how much I got to spend this year on investments.
21:34And it's like, okay, we're like,
21:37we can't go past this.
21:38Are you frugal?
21:40I think I was a lot more frugal before.
21:42Okay.
21:44I think I'm less now.
21:46I think I'm frugal for the amount of money that I make.
21:50I would say that.
21:50I was gonna say, yeah.
21:51You make a lot of money
21:52so you can afford to be a little bit spurs.
21:54But for only ask that because Matt Byer, man,
21:56who I covered in San Antonio,
21:57this brother man was one of the most frugal people
22:00I've ever known.
22:00Drove a Chevy Impala for the longest time,
22:03wore flannel shirts,
22:04and he just really took saving his money
22:06like to the next level, right?
22:08I mean, he just did not spend it at all.
22:10You know what I mean?
22:11Definitely good.
22:12What summer books that you have?
22:13Any good leadership books, man, that you would recommend?
22:16Leadership books.
22:2242 Laws of Power is a good one.
22:26Definitely read that book.
22:26It's a great book.
22:28Anybody who wants to read it,
22:29definitely should read it.
22:30Robert Greene, Bad Boy.
22:32Really bad.
22:32Yes.
22:34The Art of War.
22:35You also can translate that to business.
22:40Yeah, I would say those two.
22:43Art of War, man, you getting real technical now, man.
22:45You got to, you got to, you got to.
22:46Generative AI, when I say that phrase,
22:48anything come to mind?
22:49I mean, listen, it's given the ability
22:51for people to really enhance their creativity.
22:53We could be looking at a Jeremy Grant anime
22:56with this technology, man.
22:57Anything come into mind when I say generative AI for you?
23:01Yeah, I'm into some tech investments.
23:04Oh, generative AI tech companies.
23:06Yeah, we got a little bit of that.
23:08Yeah, I mean, I think it's, it's on the up and up, right?
23:11Like, if you find the people that do it the right way,
23:14I think it's definitely something that you should get on.
23:17Yeah, most definitely.
23:18Get you out of here on this, man.
23:19Good to Great, Jim Collins.
23:21Very, very good book.
23:22That's my favorite business book, Good to Great.
23:23What's the difference between,
23:25and you should know because it runs in your family, right?
23:27What's the difference between a good MBA forward
23:29and a great one?
23:31I think the work ethic.
23:33I think, I think a lot of people
23:36or everybody in the NBA has talent, right?
23:38Like you have to have talent in order to get there.
23:40I think the work ethic is what separates
23:43from a good player, from a great player.
23:45And I think you have to have that to stick around
23:50and to be able to be who you're supposed to be.
23:54Yeah, you gotta have your work ethic too
23:55to be able to play the African heart, man.
23:57You gotta teach me how to do that one.
23:58Yeah, it's not, it's not too bad.
23:59Yeah, well, it looks hard though, man.
24:02I mean, it's not too bad.
24:03It's not too bad.
24:04It looks hard though, man.
24:05I'm gonna forget the strings or something like that.
24:07So, but I appreciate the time, my brother.
24:09Good luck to you in the MLS investment, man.
24:11I'm sure once you decide to cash out
24:13the way those valuations are going up, man,
24:15it will be a good return on investment.
24:16Thank you.
24:17And happy Father's Day again.
24:18Jeremy Grant here at the Nasdaq Market.
24:20So I'm Jabari Young, Forbes Senior Writer.
24:22See you next time.