Dame Dash on the BreakFast Club this morning, nikka angry for no reason

[L. Deezy]

For the last time. Putting money into a savings account for 10-20 years is dumb because the money is just sitting there losing value. The banks love it because they use your money to make more money for themselves but for us, it is dumb. If you want your money to grow. This is a capatilist society, and what I'm letting you know, is not supposed to happen. This knowledge is for a select few. The banks NEED you to be ignorant to how money works,its how they get so rich.

The Bush, and Kennedies, created wealth by doing exactly what I wrote, they put their money into physical assets, and paper assets. This is well known fact.

No, u said it like having paper money is not whats up... those built wealth but they dont curse having paper money..

Dame tries to justify living check to check.. cuz basically thats all he is doing.

 

[CELL]

"I'M SURE MOST OF MY HARLEM FRIENDS WILL BE ABLE TO GET THAT UP....PAUSE"


WHYYYYYYYYY?

 

[Knights89]

lol @ 48 minutes in, when CTG says he worked his way up in the radio biz, and Dames reaction Mooks reaction in the background like @ Dame

 

[TLR Is Mental Poison]

I understand what he means, and I agree with him on that.

Saving actual paper money is dumb in the long run because you don't get much from doing that. Money is meant to be spent, so it is better to put money into things that will always create more money like starting a business, owning real estate, and playing the money market.

If you get $1,000,000 and you put some away into a savings account, that is dumb. At the very least buy some metal coins and hide it im a safe place because if shyt hits the fan, and the dollar is worthless, you can still buy stuff because metals will always have worth.

His rate of returns must be awful though. A pure money market savings account is dumb but having a portfolio of investments like bonds/stocks/indexes etc is generally a more reliable way of making money than starting businesses. Most businesses fail which is why it's idiotic to put up your own money to start a ton of businesses.

 

[Knights89]

Envy and CTG ask this dude how to get started without a job, Dame got to shushing and over talking


dame to envy about what his son thinks of him "what does his dad have.."

envy "money in the bank..." lol


CTG called him the best worst life coach ever

 

[Sane]

Men shouldn't talk about other men

 

[havoc]

His rate of returns must be awful though. A pure money market savings account is dumb but having a portfolio of investments like bonds/stocks/indexes etc is generally a more reliable way of making money than starting businesses. Most businesses fail which is why it's idiotic to put up your own money to start a ton of businesses.

This is business 101, folks

 

[bouncy]

No, u said it like having paper money is not whats up... those built wealth but they dont curse having paper money..

Dame tries to justify living check to check.. cuz basically thats all he is doing.

Well, I didn't mean I like that. I'm talking about when people just hoard money Ina savings account. I think dame meant that, but, he was all over the place, and things was getting mixed up.

 

[Kufismack]

Murda Mook just sitting there like "I'ma just let this nikka talk"

For the last time. Putting money into a savings account for 10-20 years is dumb because the money is just sitting there losing value. The banks love it because they use your money to make more money for themselves but for us, it is dumb. If you want your money to grow. This is a ¿capatilist? society, and what I'm letting you know, is not supposed to happen. This knowledge is for a select few. The banks NEED you to be ignorant to how money works,its how they get so rich.

The Bush, and Kennedies, created wealth by doing exactly what I wrote, they put their money into physical assets, and paper assets. This is well known fact.

While this is true, it's more hypothetical psuedo-knowledge. Most people are not going to be in a position to make a "business" that is profitable. Nor do most people know a profession well enough to start one from scratch. But continue

 

[Piff Perkins]

Listening to the interview, which I thought was one of the worst the Breakfast Club has done, I came away with a few thoughts brehs. First...I understand why Dame is broke. If someone gave me $40mil, which is the same amount that Dame allegedly got for selling Roc A Fella, I'd do a variety of things with it. I'd save a portion of it; we can argue over the merits of savings account but at the end of the day having cash on hand is never a bad thing. I'd invest a large portion in index funds and IRAs, take care of my family, etc. I'd buy a house, not a multi-million dollar palace but a nice house in a nice community. And I'd just chill, maybe dabble in a business or two. In short, I would be rich for a very long time.

By the late 2000s Dame was in debt and broke. That tells me all I need to know about his financial acumen, yall. Creating businesses is not something you just do because you can. To do it right you have to know the market, what demand is, etc etc etc. Listen to Dame brehs. It's clear he doesn't know shyt and instead throws money at anything just to say he "owns" something. And it's not working for him. He's flexing on the radio and can't pay his rent. He doesn't have a car because he couldn't pay his car note. Let's be real brehs.

Invest in yourself. Learn about business, take classes - save money by doing it at a community college - learn.

Anyone who has money knows that you're most secure when using other people's money to do shyt. This nikka out here saying he uses his own money for everything. No wonder he's broke...

 

[bouncy]

Murda Mook just sitting there like "I'ma just let this nikka talk"




While this is true, it's more hypothetical psuedo-knowledge. Most people are not going to be in a position to make a "business" that is profitable. Nor do most people know a profession well enough to start one from scratch. But continue

I started my investments with $300, and over time it grew. Everyone told me I shouldn't do it because its gambling but, its not, if you research, and come up with techniques that work for you. Owning a business is not the only way to make money, in fact its damm near the most stressful, and you are losing money before you get a return a lot of times. The ideal investments would be real estate, low overhead high profit business's, stocks, and the money market.

 

[Wild self]

"Are you a superhero to your son" ?- Dame


"Yes....I am" - Envy

"Not when your boss walks in the room" - Dame



Just filthy............

People gotten bodied with less offensive remarks. I would have shut off the cameras, drag him to the bathroom, and stomp him out if he talked shyt about my son like that.

 

[seemorecizzy]

lost in all of this is dame being the latest roc a fella member to admit that they lost the battle vs nas

but let the coli tell it

 

[CoCKy GeNiuS]

Man..dame is a pure scumbag with some of his ignorant ass answers/comments

but lets be real..this was one of the realest interviews of the last 15 years.

The way it has circulated through FB, IG, Twitter etc. so fast is surreal... This interview is going to grow into a life of its own, WATCH.

 

[TLR Is Mental Poison]

People gotten bodied with less offensive remarks. I would have shut off the cameras, drag him to the bathroom, and stomp him out if he talked shyt about my son like that.

That's cause youre emotionally frail and will let a random nikka off the street get under your skin