Two-time Emmy and Three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Jackson Dunbar, Esq., who recommends stocks that can be winners. Jackson Dunbar, Esq. -- A successful serial Entrepreneur and Family Man suffers from Chronic Pain caused by a car accident and failed back surgery. During his journey to become healthy, provide for his family, and fight Chronic pain, he discovered stark inequities in Pain Medicine that impact Men, Women, and Children.
Dunbar is committed to creating a new normal for himself, deliberately focusing on his physical health and strength, continuing to earn an income while still in chronic pain, and, without his knowledge, teaching himself and possibly the World a masterclass in survival.
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Episode Transcript
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Speaker 1 (00:04):
Welcome to Money Making Conversations.
Speaker 2 (00:06):
It's the show that she has the secrets of success
experience firsthand by Marketing and Brandon expert Rashan McDonald. I
will know he's giving me advice on many occasions. In in
case you didn't notice, I'm not broke. You know, he'll
be interviewing celebrity CEOs, entrepreneurs and industry decision make because
it's what he likes to do, it's what he likes
to share. Now it's time to hear from my man,
Rashan McDonald. Money Making Conversations. Here we come.
Speaker 3 (00:30):
Welcome back to money Making Conversation, Mastercal Lives. I want
to make a little side note on my HBCU story.
We run that promo in the show every week and
it's really really starting to catch on. If you want
to see some of the people who've are registered, just
go to HBCU College Day dot com. That's HPCU College
Day dot com and you'll see how the people. It's
(00:53):
a digital library where you can it was just like
you can go in there, well, HBCU alumni, HBCU people,
students who occurrent need attending HBCUs can see themselves in
their history and is something that's never been done before
like this. It's called my HBCU Story. If you are
alumnus or attending a HBCU consenter registering for it. But again,
(01:16):
if you want to see how it's laid out, how
the digital library is being kept marketed, please go to
HBCU College Day dot com. That's HBCU College Day dot com.
Speaker 1 (01:29):
Again.
Speaker 3 (01:29):
The Atlanta Business League will host this seventeen annual Men
of Influence Reception and Induction Ceremony celebrating Africanamerican men and
they accomplished.
Speaker 1 (01:38):
That's me, Rashon McNown.
Speaker 3 (01:40):
I'm one of the men who've accomplished, and I want
to thank the Atlanta Business League for considering me to
be one of the influencers. That's what this is all about.
Men of influence. And one of the great great gentlemen
who's being inducted into the Hall of Fame is war
done Form, an NFL player, This great guy. I met
him a couple of times when I was on some
(02:00):
television appearances on Fox five and he was in the
dressing room in the green room with me and just
very non descriptive, just a regular guy who's changing the
world with his positive and overall entrepreneur approach in the community,
giving people places to stay so they can have a
foundation for success.
Speaker 1 (02:19):
Now let's give it to business.
Speaker 3 (02:21):
My guest, he's on the call, and I had him
on the show before and it really dealt into chronic pain,
mental stress, overcoming the odds. His name is Jackson Dunbar.
He triumphed by earning a comfortable living after having lost
it all. Dumbbar's committed to creating a new normal life
for himself, deliberately focused on his physical health and strength,
(02:42):
continued to earn an income while still in chronic pain,
and without his knowledge, was teaching himself and possibly the world,
a masterclass in survival. And his book he gives a
first hand account on how he made money, lost Danty Palce,
and thrived in chronic pain in the financial and healthcare world.
The one and only Jackson Dunbar who's on the call,
(03:06):
still my friend.
Speaker 1 (03:07):
He's been telling.
Speaker 3 (03:08):
Us a story and a very movie story and a
very honest story about a day in the life of
a person with chronic pain. And even even just listening
to that. The model of drugs that is that you
have to have to get through a day, a day
in the life means you have to have insurance, correct Jackson?
Speaker 4 (03:28):
Yes, yes, yes, and what And that was tough because
a lot of the med a lot of a lot
of the medications that I needed, some were covered, some
were not. I was luckier than most that I could
pay out of pocket. But now, yeh, Now with Obamacare,
(03:51):
the subsidies that are given and what you're able to
get on the changes are quite good. So now yeah,
I'm able to get almost all of the medicines that
I need covered by insurance.
Speaker 3 (04:07):
Now I'm sitting in the house just I'm just pointing
an example. Somebody sending in the house stock market. I
don't even know what's going on with the stock ma.
I don't even understand the stock market. I don't know
those little numbers a little I don't you know, I
got a little money. I got bout maybe a few
thousands of dollars sending the bank. I hear words like
compounded ches, I hear stock, I hear all kind of
(04:29):
How do I break the financial financial literacy ignorance to
get involved?
Speaker 1 (04:36):
Jackson?
Speaker 4 (04:37):
Okay, well, I think the first step is to you know,
I think the first thing is just go on Google
and pretend like you're writing yourself a paper on the
stock market, right, can google stock market whatever, and then
finally you'll get all this data and write yourself a
(04:57):
long letter, a short write paper on how to get
into the stock market. And if you do that, what
you will find out is that, for the most part,
it's all about two things. Number one, what are the
current geop with the current geopolitical landscape? And interest rates?
(05:18):
And what I mean by that is that the geopolitical landscape,
let's say there's a wargo and whatever reason, supply lines
of oil have been cut. Well, there it's a lack
of oil. Hey, what's that going to do to the
price of it? Especially if there's a wargum. Also, interest
(05:39):
rates and interest rates are low, people people are more
risky with their money, institutions are more risky with their money.
So that means you can you can put money on
more speculative investments such as neo some of the crypto
based some of the crypto based stocks. But when interest
(06:02):
rates go up, typically investors are more cautious. They want
more meat and potatoes stocks, stocks that actually do something
and make money. So essentially what you want to do
is is just look at the current political look at
the current market and political landscape. Hey, what industries are
(06:22):
making money there? And then look at the interest rates,
what interest what interestries and what companies are making money
if we have less oil and have higher interest rates.
And from there, yeah, you pick the stocks. You pick
two or three stocks with a cost base is under
(06:44):
twenty dollars because you want to get appreciation. You're not
going to get a lot of appreciation getting something that
has three digits or more. That's too expensive for me.
Most of your money is going to be made between
zero and twenty.
Speaker 1 (07:01):
If a stock splits, does it? Should you buy in?
Speaker 4 (07:04):
Then? You know, I think for me, most of the
times when the stock split that values over three digits?
Speaker 1 (07:14):
Okay, okay?
Speaker 4 (07:15):
And for me here I have stocks in several categories.
You got the fast and the furious, right okay? Yeah?
And these stocks, you know, they go up fast and
they come down fast. You know, a MC Are you
a day trader?
Speaker 1 (07:32):
Are you a day trader? Jackson?
Speaker 4 (07:35):
Consider myself more of a spot trader.
Speaker 3 (07:37):
Okay, okay, Because it sounds like they were you seeing
stuff going up and down?
Speaker 1 (07:40):
I mean you you watch it?
Speaker 4 (07:41):
Yeah, yeah, you can watch it. Watch it. Yeah, yeah,
a lot of the specific cryptos themselves. I mean doors Coin. Yeah,
that was a great example of a fast and furious.
And then you have friends with benefits. Okay, so these
are stocks that you wantn't want your mother to buy,
but they're good for a good here. Okay, you'll ride
(08:02):
the ups and downs of these and what's great about
these spots is that they'll go up and then they'll
come down. And when they come down, you do put
some notes and and what puts. What puts are basically
you're betting that a stock's going to go down. They
call it short the market.
Speaker 1 (08:22):
Are you really into it?
Speaker 3 (08:23):
You're saying all the all the right terminology of a
day treat, you know.
Speaker 4 (08:29):
Yeah, So for me, I focus on friends with benefit stocks.
I ride them up, and then when I think they're
going down, I shot them and.
Speaker 3 (08:37):
I well, you know a lot of people say that's
dollar cost averaging, right is that is am I using
the right terminology?
Speaker 1 (08:47):
Because that sounds like what you're doing.
Speaker 4 (08:50):
Well, well, here, I know a lot of folks they
dollar cos average id e. They put so much money
in every month and hope to get the power of
compound and and things of that nature. Yeah, yeah, I do.
I do do that. So much of my so much
of my proceeds they go into a kid's account, or
(09:10):
they go into here, we have an investing account, and
then we have a retirement account. The retirement account is
more conservative investments. By that, I need index funds and
ets that paid dividends. So that's all we do over there,
(09:31):
do a lot of dollar cost Allergen over that because
so much money every month out of the risky stock
fund goes into that more moderate stock fundon in order
to sport.
Speaker 3 (09:45):
Jackson, I'm never in my life bought a twenty dollars stock.
I can't even imagine the research you have to do
to buy a twenty dollars stock.
Speaker 4 (09:58):
Well, you know what, let's see Ribban uh huh again.
These guys they have the they have the best electric
truck on the planet. Right, what was that nine dollars?
During spring break? I loaded my kids accounts up.
Speaker 5 (10:17):
With that.
Speaker 4 (10:19):
Because here, Tesla is good, but I want something that's
gone twenty thirty, forty X my money, and you're only
going to get those with stocks between zero and twenty dollars.
Speaker 1 (10:34):
I'm being educated. Keep talking, Jack, how much educating me. Brother.
Speaker 4 (10:39):
Have you been to the have you ever have you
ever read the Motley Fool before?
Speaker 1 (10:43):
Yes? Yes, A long time been around.
Speaker 3 (10:45):
Wow, that's been that's been around at least for forty years.
Speaker 4 (10:49):
Yeah.
Speaker 1 (10:49):
Yeah.
Speaker 4 (10:49):
But if you go to fool dot com and just
typing best growth stocks under twenty, I mean under twenty dollars,
you can go on to five under ten, under twenty
for this year. It'll pull you up. It'll pull you
up some. Then go over to Y'alluo finance and grab
them out and see how and see how they've done.
(11:12):
Now you'll see things like Mara, which which is a
crypto related stocks, is up four hundred percent. Riot, another
crypto really is up four hundred percent this year. Ribbon
is up more than two hundred percent. So you're not
going to get those sort of returns with some of
(11:34):
triple digit and more stocks like Tesla, Chevron and things
of that nature. And don't get me wrong, I call
those stocks spouses. They're well established, they grow, they pay
dividends minimum and they had minimum okay, and they had
minimum up and downs. But I startedly now I'll have
(11:58):
my kids and stuff like that, because the power of
compound compound interest. The younger you are, the more money
you make there you go. So if you're starting your
kids at fifteen sixteen, by the time they're forty, they're
multi millionaires. But for us, you know, we had to
pay off student loans, we have to start businesses. We
just set up our kids pay for college. We may
(12:21):
be starting at fifty. So my question is where can
I make the most amount of money if I got
maybe fifteen or twenty years to play with, and for
me that stocks between zero and twenty dollars.
Speaker 3 (12:34):
We're talking to Jackson Dunbar and he's educating with Sean McDonald.
Hopefully he's educating my audience. For man jum me. You know,
he's a he's quiet on the other side of the glass.
Speaker 4 (12:49):
He's quiet on.
Speaker 3 (12:50):
Those sidember because I'm Jason Man. It's no way I
ever bought even thought of buying a DOOCT. That was
like at the twenty dollars they thought in my mind.
But then what you said something that was really important
before we go to break you said, treat going into
the stock market like a homework assignment, which means you
do your research and you have to learn about your
(13:13):
product and by learning about your product, you actually get
a clear understanding of the advantages and the disadvantages and
the approach of doing business with the stock market of
stock and so that approach I had never heard. And
when I get back, I want to ask you a
question about you know, because of that injury that happened,
(13:36):
you're living a lifestyle that I'm assuming you not have
lived if the injury didn't happen. When we get back,
he's going to answer that question. Jackson Dunbar, he's on
my show, Money Making Conversations master Class and we're talking
about chronic pain, mental health, overcoming the Odds and his
book that is really really a life changer, How I
(13:57):
Made money, lost ninety pounds and Thrive in Chronic Pain.
Speaker 1 (14:01):
That is his book. And Jackson Dunbar will be right back.
Speaker 5 (14:12):
We'll be right back with more Money Making Conversations Masterclass
with Rushaun McDonald.
Speaker 6 (14:17):
HBCUs represent Black Excellence. If you attend or are an
alumnus of an HBCU, we want to hear about your story.
The My HBCU Story Digital Library will allow current HBCU
students and alumni to share their stories. Registration is open
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(14:38):
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(15:20):
HBCU College day dot com. You can click my HBCU
story to share your story.
Speaker 5 (15:27):
Now, let's return to Money Making Conversations Masterclass with Rashaun McDonald.
Speaker 3 (15:32):
I want to thank you everybody for sticking around and
listening to the show. You just hold on a lot
of different platform podcast series XM on this radio streams
worldwide and it's about providing everybody with information. I've learned
a lot since I started hosting Money Making Conversation Masterclass
and it's I've learned basically by just shutting up and
(15:54):
listening because of the fact that if you know everything
while you have a guest on the show talking to him,
of the guess I am talking to that has really
educated me a lot, and hope a lot of the
audience members who are listening is about overcoming the arts,
not self pity, not being your dominant derivative of why
you are successful or not successful in that case, because
(16:17):
that's where the pity comes in. But more importantly, Jackson
Dunbar had an accident that he didn't ask for to
change his life, change his family life, change his wife's life,
change his lifestyle, and pity, did step in drugs, did
step in anger? Stepped in three years of that changed
(16:38):
his life. And there's a lot of people that care
about him and cared about him, and I'm sure he
lost some friends along the way too, because one thing
you don't want to be is an angry person in
a wheelchair. You know who're going to hang around that person?
I know I won't, And so you overcame that and
now you have a knowledge in the financial industry that's
now benefiting your family where you feel you would have
(17:01):
been with this knowledge, if you would not have had
this accident.
Speaker 4 (17:09):
You know, when I had the accident, as I told you,
I own well Met Atlanta. We're a group of child
and LANs and psychiatrists. We're black owned, and we closed
our biggest deal then. And at that time in my life,
I was chasing I was chasing the dollars. My best
friend he would be like, every time I call you,
(17:32):
you know you're chasing money. And yeah, And I think
the accident made me slow down. I gotta say I'm
a better father. I'm sure a better husband, and and
(17:52):
I think a lot of that was it just And
I'm probably a better person too. You know, I thought
about things and dollars and cents, profit and losses. You know,
I could tell you the profit and loss per patient
on anyone coming in and and I lack something and
(18:15):
I don't And and now having a walk a mile
in someone's shoes, being judged by the color of your skin,
having to get treatment but not being able to have
the insurance, it's it's, it's it's it's changed me to
the point now where I tell people, hey, listen, you
know we have a business. But that's only step one.
(18:37):
Step two is how do we improve the community that
we live in, you know, how do we make enough
off of the people that can pay so that we
can help some of the people that can. And so
now yeah, it's I've I've a more I have a
better worldview around people around and yeah, and I don't
(19:01):
think I would have had that but for the accident.
I'm also the better shape because back then, yeah, I
mean I was three fifty at my biggest.
Speaker 6 (19:14):
Yeah.
Speaker 4 (19:14):
Yeah, I'm in the two fifties. Now. I swim at
the Way Walk of YMCA. I'm also on the board
there and I have three way Walk I have three
one hundred mile t shirts that I have from swimming.
Speaker 1 (19:31):
Wow.
Speaker 4 (19:31):
And I have to say, you know, there is that
there's a point where you're in water, you feel like
you touch God, God himself and as I feel no
pain as soon as I get in water.
Speaker 1 (19:50):
Wow.
Speaker 4 (19:50):
So it's a great way to reset to really focused
on Okay, I was able to do these six things
and three to four hours, how do I kick it
up to ten? Okay, And I'll spend my time thinking
about that. Uh, let's see versus Oh this is what
(20:10):
I lost. Blah blah blah, blah blah. So yeah, I'm
enjoying life more. Yeah, the pain sucks, forgive my French.
But when I look down and I focus on what
I've gotten out because of COVID, I would when my
(20:33):
accident came and at the biggest with all the drugs,
I was three fifty off. My A one C was
in eight seven. All my numbers were read. If I
had those numbers during COVID, I would have died right right, yeah,
because because most black people were men with those cold
mobidities during COVID. Yeah, it wasn't pretty. But now my
(20:55):
A one C is under six. I'm six to one,
about to look like a lumber Jain. For the most part,
all my numbers are green in a lot of ways. Yeah,
I'm the healthiest I've ever been, and that's because of the.
Speaker 1 (21:12):
Accident, both mentally and physically.
Speaker 4 (21:15):
Yes, sir, oh, I love it.
Speaker 1 (21:17):
I love it.
Speaker 3 (21:18):
You know when we started this conversation at the top
of the show, and the first time you came on
the show, I didn't really get a whole picture of
the man I'm talking to, and that's Jackson Dunbar. And
the first conversation was about the book and we talked
about the book. We've talked in and out of the book,
but I feel today we basically had a conversation, and
that conversation is important because you shared with us knowledge
(21:40):
you've shared with us, you know, emotional moments you've shared
us with. You know your relationship with your wife, relationship
with your daughter, relationship with your family, relationship with your friends.
But more importantly, you still care. You know, despite all
that pain, you still care. How does one care when
(22:00):
it seems like life has delivered you a bad hand.
Speaker 4 (22:04):
I found out something. We pulled our kids out of
private school and we put them in the neighborhood school.
I was I would bring my daughter home and she
said it was hot. The ac went out, and like,
how long had it been out? A few days? So
I went up to the school and my scooter and
(22:25):
just the ac out. They wouldn't give me an answer,
so I went I did what any of that would do.
I went to the Age of hardware store. I bought
all of their fans. I brought them to the school
and the principal was looking at me as if I
was going to cause the scene go to the press.
I'm like, no, all, I want to do is keep
(22:47):
my daughter and these kids school. So I brought the
fans over and I climbed out for my scooter. I
was in so much pain and I was sweating. Halfway
through assembling those fans. My daughter she came, got one
for her class, smiled. Another person came, got a fan
for her class. All of a sudden, I stopped thinking
(23:08):
about the tame and I fact that they're putting the
fans together and seeing the smiles on all the black
and brown faces, I realized something. You know, the best
way to help yourself is to help other people. All
the anger is gone, all the resentment is gone. And yeah,
(23:31):
we have a smile on your face. And people say
that about me all the time, especially when I go
and when I see my doctors. You know, you always
have this big smile on your face. That's swear for
a game patience, And it's like, yeah, because I spend
my time focused on what I can do, and then
(23:55):
I try to make a game of it. How can
I do more give than the limited time to give
them the limit physical capacity I have? And I just
worked the plan and that keeps smile on my face.
Speaker 1 (24:09):
Wow, great story. Tell us how we can find your book,
Jackson Dunbar, Sure Sure.
Speaker 4 (24:14):
Race Matters and Paying Medicine, How I Made Money, Lost
ninety pounds and Thrived and Cry of Pain. You can
get it at Jackson Dunbar dot com or you can
just get it on Amazon.
Speaker 3 (24:25):
Well, you know you're you're regular now. And I say
that with a relationship tied to it, we definitely have
to connect off air just to just just chop it
up because people like you are positive. You know, you
push positivity to the next level. We all need to
hear that. And I'm speaking to Jackson Dunbar. His book
(24:46):
is a book I recommend once you read How I
Made Money, Lost eighty pounds and Thrived Me Conic Product Pain. Again,
thank you, Jackson Dumbar for coming on my shows, you.
Speaker 4 (24:56):
For having me. And I'm going to sing you three
starts on the twenty Okay now, how they do?
Speaker 3 (25:03):
Okay now, And I'm gonna tell you so and my daughter,
my daughter, I'm getting there into the stock. So you
send that to me. I'm not gonna put it on
the air. And I but when you come back on
the show, I let everybody know what we did from
the tears.
Speaker 1 (25:17):
It'll be about three months when I bring you.
Speaker 4 (25:19):
Back, Okay, I would love it.
Speaker 1 (25:21):
Okay, I appreciate you.
Speaker 3 (25:22):
Bye bye, and thank you all my friends and my
family and everybody for listening to Money Making Conversations Masterclass.
I will talk to you next week. Keep winning.
Speaker 1 (25:31):
Thank you, brother, Thank.
Speaker 5 (25:34):
You for joining us for this edition of Money Making
Conversations Master Class. Money Making Conversations Master Class with rough
Shan McDonald is produced by thirty eight to fifteen Media Inc.
More information about thirty eight to fifteen Media Inc. Is
available at thirty eight to fifteen media dot com. And
always remember to lead with your gifts distinct spect
Welcome to Money Making Conversations.
Speaker 2 (00:06):
It's the show that she has the secrets of success
experience firsthand by Marketing and Brandon expert Rashan McDonald. I
will know he's giving me advice on many occasions. In in
case you didn't notice, I'm not broke. You know, he'll
be interviewing celebrity CEOs, entrepreneurs and industry decision make because
it's what he likes to do, it's what he likes
to share. Now it's time to hear from my man,
Rashan McDonald. Money Making Conversations. Here we come.
Speaker 3 (00:30):
Welcome back to money Making Conversation, Mastercal Lives. I want
to make a little side note on my HBCU story.
We run that promo in the show every week and
it's really really starting to catch on. If you want
to see some of the people who've are registered, just
go to HBCU College Day dot com. That's HPCU College
Day dot com and you'll see how the people. It's
(00:53):
a digital library where you can it was just like
you can go in there, well, HBCU alumni, HBCU people,
students who occurrent need attending HBCUs can see themselves in
their history and is something that's never been done before
like this. It's called my HBCU Story. If you are
alumnus or attending a HBCU consenter registering for it. But again,
(01:16):
if you want to see how it's laid out, how
the digital library is being kept marketed, please go to
HBCU College Day dot com. That's HBCU College Day dot com.
Speaker 1 (01:29):
Again.
Speaker 3 (01:29):
The Atlanta Business League will host this seventeen annual Men
of Influence Reception and Induction Ceremony celebrating Africanamerican men and
they accomplished.
Speaker 1 (01:38):
That's me, Rashon McNown.
Speaker 3 (01:40):
I'm one of the men who've accomplished, and I want
to thank the Atlanta Business League for considering me to
be one of the influencers. That's what this is all about.
Men of influence. And one of the great great gentlemen
who's being inducted into the Hall of Fame is war
done Form, an NFL player, This great guy. I met
him a couple of times when I was on some
(02:00):
television appearances on Fox five and he was in the
dressing room in the green room with me and just
very non descriptive, just a regular guy who's changing the
world with his positive and overall entrepreneur approach in the community,
giving people places to stay so they can have a
foundation for success.
Speaker 1 (02:19):
Now let's give it to business.
Speaker 3 (02:21):
My guest, he's on the call, and I had him
on the show before and it really dealt into chronic pain,
mental stress, overcoming the odds. His name is Jackson Dunbar.
He triumphed by earning a comfortable living after having lost
it all. Dumbbar's committed to creating a new normal life
for himself, deliberately focused on his physical health and strength,
(02:42):
continued to earn an income while still in chronic pain,
and without his knowledge, was teaching himself and possibly the world,
a masterclass in survival. And his book he gives a
first hand account on how he made money, lost Danty Palce,
and thrived in chronic pain in the financial and healthcare world.
The one and only Jackson Dunbar who's on the call,
(03:06):
still my friend.
Speaker 1 (03:07):
He's been telling.
Speaker 3 (03:08):
Us a story and a very movie story and a
very honest story about a day in the life of
a person with chronic pain. And even even just listening
to that. The model of drugs that is that you
have to have to get through a day, a day
in the life means you have to have insurance, correct Jackson?
Speaker 4 (03:28):
Yes, yes, yes, and what And that was tough because
a lot of the med a lot of a lot
of the medications that I needed, some were covered, some
were not. I was luckier than most that I could
pay out of pocket. But now, yeh, Now with Obamacare,
(03:51):
the subsidies that are given and what you're able to
get on the changes are quite good. So now yeah,
I'm able to get almost all of the medicines that
I need covered by insurance.
Speaker 3 (04:07):
Now I'm sitting in the house just I'm just pointing
an example. Somebody sending in the house stock market. I
don't even know what's going on with the stock ma.
I don't even understand the stock market. I don't know
those little numbers a little I don't you know, I
got a little money. I got bout maybe a few
thousands of dollars sending the bank. I hear words like
compounded ches, I hear stock, I hear all kind of
(04:29):
How do I break the financial financial literacy ignorance to
get involved?
Speaker 1 (04:36):
Jackson?
Speaker 4 (04:37):
Okay, well, I think the first step is to you know,
I think the first thing is just go on Google
and pretend like you're writing yourself a paper on the
stock market, right, can google stock market whatever, and then
finally you'll get all this data and write yourself a
(04:57):
long letter, a short write paper on how to get
into the stock market. And if you do that, what
you will find out is that, for the most part,
it's all about two things. Number one, what are the
current geop with the current geopolitical landscape? And interest rates?
(05:18):
And what I mean by that is that the geopolitical landscape,
let's say there's a wargo and whatever reason, supply lines
of oil have been cut. Well, there it's a lack
of oil. Hey, what's that going to do to the
price of it? Especially if there's a wargum. Also, interest
(05:39):
rates and interest rates are low, people people are more
risky with their money, institutions are more risky with their money.
So that means you can you can put money on
more speculative investments such as neo some of the crypto
based some of the crypto based stocks. But when interest
(06:02):
rates go up, typically investors are more cautious. They want
more meat and potatoes stocks, stocks that actually do something
and make money. So essentially what you want to do
is is just look at the current political look at
the current market and political landscape. Hey, what industries are
(06:22):
making money there? And then look at the interest rates,
what interest what interestries and what companies are making money
if we have less oil and have higher interest rates.
And from there, yeah, you pick the stocks. You pick
two or three stocks with a cost base is under
(06:44):
twenty dollars because you want to get appreciation. You're not
going to get a lot of appreciation getting something that
has three digits or more. That's too expensive for me.
Most of your money is going to be made between
zero and twenty.
Speaker 1 (07:01):
If a stock splits, does it? Should you buy in?
Speaker 4 (07:04):
Then? You know, I think for me, most of the
times when the stock split that values over three digits?
Speaker 1 (07:14):
Okay, okay?
Speaker 4 (07:15):
And for me here I have stocks in several categories.
You got the fast and the furious, right okay? Yeah?
And these stocks, you know, they go up fast and
they come down fast. You know, a MC Are you
a day trader?
Speaker 1 (07:32):
Are you a day trader? Jackson?
Speaker 4 (07:35):
Consider myself more of a spot trader.
Speaker 3 (07:37):
Okay, okay, Because it sounds like they were you seeing
stuff going up and down?
Speaker 1 (07:40):
I mean you you watch it?
Speaker 4 (07:41):
Yeah, yeah, you can watch it. Watch it. Yeah, yeah,
a lot of the specific cryptos themselves. I mean doors Coin. Yeah,
that was a great example of a fast and furious.
And then you have friends with benefits. Okay, so these
are stocks that you wantn't want your mother to buy,
but they're good for a good here. Okay, you'll ride
(08:02):
the ups and downs of these and what's great about
these spots is that they'll go up and then they'll
come down. And when they come down, you do put
some notes and and what puts. What puts are basically
you're betting that a stock's going to go down. They
call it short the market.
Speaker 1 (08:22):
Are you really into it?
Speaker 3 (08:23):
You're saying all the all the right terminology of a
day treat, you know.
Speaker 4 (08:29):
Yeah, So for me, I focus on friends with benefit stocks.
I ride them up, and then when I think they're
going down, I shot them and.
Speaker 3 (08:37):
I well, you know a lot of people say that's
dollar cost averaging, right is that is am I using
the right terminology?
Speaker 1 (08:47):
Because that sounds like what you're doing.
Speaker 4 (08:50):
Well, well, here, I know a lot of folks they
dollar cos average id e. They put so much money
in every month and hope to get the power of
compound and and things of that nature. Yeah, yeah, I do.
I do do that. So much of my so much
of my proceeds they go into a kid's account, or
(09:10):
they go into here, we have an investing account, and
then we have a retirement account. The retirement account is
more conservative investments. By that, I need index funds and
ets that paid dividends. So that's all we do over there,
(09:31):
do a lot of dollar cost Allergen over that because
so much money every month out of the risky stock
fund goes into that more moderate stock fundon in order
to sport.
Speaker 3 (09:45):
Jackson, I'm never in my life bought a twenty dollars stock.
I can't even imagine the research you have to do
to buy a twenty dollars stock.
Speaker 4 (09:58):
Well, you know what, let's see Ribban uh huh again.
These guys they have the they have the best electric
truck on the planet. Right, what was that nine dollars?
During spring break? I loaded my kids accounts up.
Speaker 5 (10:17):
With that.
Speaker 4 (10:19):
Because here, Tesla is good, but I want something that's
gone twenty thirty, forty X my money, and you're only
going to get those with stocks between zero and twenty dollars.
Speaker 1 (10:34):
I'm being educated. Keep talking, Jack, how much educating me. Brother.
Speaker 4 (10:39):
Have you been to the have you ever have you
ever read the Motley Fool before?
Speaker 1 (10:43):
Yes? Yes, A long time been around.
Speaker 3 (10:45):
Wow, that's been that's been around at least for forty years.
Speaker 4 (10:49):
Yeah.
Speaker 1 (10:49):
Yeah.
Speaker 4 (10:49):
But if you go to fool dot com and just
typing best growth stocks under twenty, I mean under twenty dollars,
you can go on to five under ten, under twenty
for this year. It'll pull you up. It'll pull you
up some. Then go over to Y'alluo finance and grab
them out and see how and see how they've done.
(11:12):
Now you'll see things like Mara, which which is a
crypto related stocks, is up four hundred percent. Riot, another
crypto really is up four hundred percent this year. Ribbon
is up more than two hundred percent. So you're not
going to get those sort of returns with some of
(11:34):
triple digit and more stocks like Tesla, Chevron and things
of that nature. And don't get me wrong, I call
those stocks spouses. They're well established, they grow, they pay
dividends minimum and they had minimum okay, and they had
minimum up and downs. But I startedly now I'll have
(11:58):
my kids and stuff like that, because the power of
compound compound interest. The younger you are, the more money
you make there you go. So if you're starting your
kids at fifteen sixteen, by the time they're forty, they're
multi millionaires. But for us, you know, we had to
pay off student loans, we have to start businesses. We
just set up our kids pay for college. We may
(12:21):
be starting at fifty. So my question is where can
I make the most amount of money if I got
maybe fifteen or twenty years to play with, and for
me that stocks between zero and twenty dollars.
Speaker 3 (12:34):
We're talking to Jackson Dunbar and he's educating with Sean McDonald.
Hopefully he's educating my audience. For man jum me. You know,
he's a he's quiet on the other side of the glass.
Speaker 4 (12:49):
He's quiet on.
Speaker 3 (12:50):
Those sidember because I'm Jason Man. It's no way I
ever bought even thought of buying a DOOCT. That was
like at the twenty dollars they thought in my mind.
But then what you said something that was really important
before we go to break you said, treat going into
the stock market like a homework assignment, which means you
do your research and you have to learn about your
(13:13):
product and by learning about your product, you actually get
a clear understanding of the advantages and the disadvantages and
the approach of doing business with the stock market of
stock and so that approach I had never heard. And
when I get back, I want to ask you a
question about you know, because of that injury that happened,
(13:36):
you're living a lifestyle that I'm assuming you not have
lived if the injury didn't happen. When we get back,
he's going to answer that question. Jackson Dunbar, he's on
my show, Money Making Conversations master Class and we're talking
about chronic pain, mental health, overcoming the Odds and his
book that is really really a life changer, How I
(13:57):
Made money, lost ninety pounds and Thrive in Chronic Pain.
Speaker 1 (14:01):
That is his book. And Jackson Dunbar will be right back.
Speaker 5 (14:12):
We'll be right back with more Money Making Conversations Masterclass
with Rushaun McDonald.
Speaker 6 (14:17):
HBCUs represent Black Excellence. If you attend or are an
alumnus of an HBCU, we want to hear about your story.
The My HBCU Story Digital Library will allow current HBCU
students and alumni to share their stories. Registration is open
to everyone. More information is available at HBCU College day
(14:38):
dot com. Click my HBCU story. Next, you can upload
a photo. The photo can be recent or from when
you attended your HBCU. Then share your academic or social
experience at your HBCU, which can be your favorite class, hangout, joint,
homecoming game, student center, honor, off campus party, greek show,
(14:58):
and how attending an hbc you changed your life. We
also want to hear stories if you pleasure a fraternity
or sorority. The goal is to use your my HBCU
story to promote and uplift the HPCU brand. Your HBCU
prepared you for success and now we want everyone to
read about your black excellence. More information is available at
(15:20):
HBCU College day dot com. You can click my HBCU
story to share your story.
Speaker 5 (15:27):
Now, let's return to Money Making Conversations Masterclass with Rashaun McDonald.
Speaker 3 (15:32):
I want to thank you everybody for sticking around and
listening to the show. You just hold on a lot
of different platform podcast series XM on this radio streams
worldwide and it's about providing everybody with information. I've learned
a lot since I started hosting Money Making Conversation Masterclass
and it's I've learned basically by just shutting up and
(15:54):
listening because of the fact that if you know everything
while you have a guest on the show talking to him,
of the guess I am talking to that has really
educated me a lot, and hope a lot of the
audience members who are listening is about overcoming the arts,
not self pity, not being your dominant derivative of why
you are successful or not successful in that case, because
(16:17):
that's where the pity comes in. But more importantly, Jackson
Dunbar had an accident that he didn't ask for to
change his life, change his family life, change his wife's life,
change his lifestyle, and pity, did step in drugs, did
step in anger? Stepped in three years of that changed
(16:38):
his life. And there's a lot of people that care
about him and cared about him, and I'm sure he
lost some friends along the way too, because one thing
you don't want to be is an angry person in
a wheelchair. You know who're going to hang around that person?
I know I won't, And so you overcame that and
now you have a knowledge in the financial industry that's
now benefiting your family where you feel you would have
(17:01):
been with this knowledge, if you would not have had
this accident.
Speaker 4 (17:09):
You know, when I had the accident, as I told you,
I own well Met Atlanta. We're a group of child
and LANs and psychiatrists. We're black owned, and we closed
our biggest deal then. And at that time in my life,
I was chasing I was chasing the dollars. My best
friend he would be like, every time I call you,
(17:32):
you know you're chasing money. And yeah, And I think
the accident made me slow down. I gotta say I'm
a better father. I'm sure a better husband, and and
(17:52):
I think a lot of that was it just And
I'm probably a better person too. You know, I thought
about things and dollars and cents, profit and losses. You know,
I could tell you the profit and loss per patient
on anyone coming in and and I lack something and
(18:15):
I don't And and now having a walk a mile
in someone's shoes, being judged by the color of your skin,
having to get treatment but not being able to have
the insurance, it's it's, it's it's it's changed me to
the point now where I tell people, hey, listen, you
know we have a business. But that's only step one.
(18:37):
Step two is how do we improve the community that
we live in, you know, how do we make enough
off of the people that can pay so that we
can help some of the people that can. And so
now yeah, it's I've I've a more I have a
better worldview around people around and yeah, and I don't
(19:01):
think I would have had that but for the accident.
I'm also the better shape because back then, yeah, I
mean I was three fifty at my biggest.
Speaker 6 (19:14):
Yeah.
Speaker 4 (19:14):
Yeah, I'm in the two fifties. Now. I swim at
the Way Walk of YMCA. I'm also on the board
there and I have three way Walk I have three
one hundred mile t shirts that I have from swimming.
Speaker 1 (19:31):
Wow.
Speaker 4 (19:31):
And I have to say, you know, there is that
there's a point where you're in water, you feel like
you touch God, God himself and as I feel no
pain as soon as I get in water.
Speaker 1 (19:50):
Wow.
Speaker 4 (19:50):
So it's a great way to reset to really focused
on Okay, I was able to do these six things
and three to four hours, how do I kick it
up to ten? Okay, And I'll spend my time thinking
about that. Uh, let's see versus Oh this is what
(20:10):
I lost. Blah blah blah, blah blah. So yeah, I'm
enjoying life more. Yeah, the pain sucks, forgive my French.
But when I look down and I focus on what
I've gotten out because of COVID, I would when my
(20:33):
accident came and at the biggest with all the drugs,
I was three fifty off. My A one C was
in eight seven. All my numbers were read. If I
had those numbers during COVID, I would have died right right, yeah,
because because most black people were men with those cold
mobidities during COVID. Yeah, it wasn't pretty. But now my
(20:55):
A one C is under six. I'm six to one,
about to look like a lumber Jain. For the most part,
all my numbers are green in a lot of ways. Yeah,
I'm the healthiest I've ever been, and that's because of the.
Speaker 1 (21:12):
Accident, both mentally and physically.
Speaker 4 (21:15):
Yes, sir, oh, I love it.
Speaker 1 (21:17):
I love it.
Speaker 3 (21:18):
You know when we started this conversation at the top
of the show, and the first time you came on
the show, I didn't really get a whole picture of
the man I'm talking to, and that's Jackson Dunbar. And
the first conversation was about the book and we talked
about the book. We've talked in and out of the book,
but I feel today we basically had a conversation, and
that conversation is important because you shared with us knowledge
(21:40):
you've shared with us, you know, emotional moments you've shared
us with. You know your relationship with your wife, relationship
with your daughter, relationship with your family, relationship with your friends.
But more importantly, you still care. You know, despite all
that pain, you still care. How does one care when
(22:00):
it seems like life has delivered you a bad hand.
Speaker 4 (22:04):
I found out something. We pulled our kids out of
private school and we put them in the neighborhood school.
I was I would bring my daughter home and she
said it was hot. The ac went out, and like,
how long had it been out? A few days? So
I went up to the school and my scooter and
(22:25):
just the ac out. They wouldn't give me an answer,
so I went I did what any of that would do.
I went to the Age of hardware store. I bought
all of their fans. I brought them to the school
and the principal was looking at me as if I
was going to cause the scene go to the press.
I'm like, no, all, I want to do is keep
(22:47):
my daughter and these kids school. So I brought the
fans over and I climbed out for my scooter. I
was in so much pain and I was sweating. Halfway
through assembling those fans. My daughter she came, got one
for her class, smiled. Another person came, got a fan
for her class. All of a sudden, I stopped thinking
(23:08):
about the tame and I fact that they're putting the
fans together and seeing the smiles on all the black
and brown faces, I realized something. You know, the best
way to help yourself is to help other people. All
the anger is gone, all the resentment is gone. And yeah,
(23:31):
we have a smile on your face. And people say
that about me all the time, especially when I go
and when I see my doctors. You know, you always
have this big smile on your face. That's swear for
a game patience, And it's like, yeah, because I spend
my time focused on what I can do, and then
(23:55):
I try to make a game of it. How can
I do more give than the limited time to give
them the limit physical capacity I have? And I just
worked the plan and that keeps smile on my face.
Speaker 1 (24:09):
Wow, great story. Tell us how we can find your book,
Jackson Dunbar, Sure Sure.
Speaker 4 (24:14):
Race Matters and Paying Medicine, How I Made Money, Lost
ninety pounds and Thrived and Cry of Pain. You can
get it at Jackson Dunbar dot com or you can
just get it on Amazon.
Speaker 3 (24:25):
Well, you know you're you're regular now. And I say
that with a relationship tied to it, we definitely have
to connect off air just to just just chop it
up because people like you are positive. You know, you
push positivity to the next level. We all need to
hear that. And I'm speaking to Jackson Dunbar. His book
(24:46):
is a book I recommend once you read How I
Made Money, Lost eighty pounds and Thrived Me Conic Product Pain. Again,
thank you, Jackson Dumbar for coming on my shows, you.
Speaker 4 (24:56):
For having me. And I'm going to sing you three
starts on the twenty Okay now, how they do?
Speaker 3 (25:03):
Okay now, And I'm gonna tell you so and my daughter,
my daughter, I'm getting there into the stock. So you
send that to me. I'm not gonna put it on
the air. And I but when you come back on
the show, I let everybody know what we did from
the tears.
Speaker 1 (25:17):
It'll be about three months when I bring you.
Speaker 4 (25:19):
Back, Okay, I would love it.
Speaker 1 (25:21):
Okay, I appreciate you.
Speaker 3 (25:22):
Bye bye, and thank you all my friends and my
family and everybody for listening to Money Making Conversations Masterclass.
I will talk to you next week. Keep winning.
Speaker 1 (25:31):
Thank you, brother, Thank.
Speaker 5 (25:34):
You for joining us for this edition of Money Making
Conversations Master Class. Money Making Conversations Master Class with rough
Shan McDonald is produced by thirty eight to fifteen Media Inc.
More information about thirty eight to fifteen Media Inc. Is
available at thirty eight to fifteen media dot com. And
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