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Big Facts E10: Waka Flocka & Raspy Rawls on Financial Literacy, Black History, Street Smarts & More!

Big Facts E10: Waka Flocka & Raspy Rawls on Financial Literacy, Black History, Street Smarts & More! Waka Flocka stops by for Episode 10 of Big Facts with DJ Scream & Big Bank Black & brings historian Raspy Rawls to the show. They discuss the origins of black history month, which Waka says should be celebrated every day.He talks about his love for learning new historical info on the internet and through Raspy. Waka talks about Mansa Musa, the richest person to have ever lived in history who was African, and suggests that Oprah or Tyler Perry create a movie to bring this historical fact to a big screen and a wider audience.

Waka talks about why he is retiring from rap and shifting gears to be more inventive. They discuss the Willie Lynch letter and debate its historical accuracy while agreeing that the psychological effects impacting black people is undeniable. Raspy reveals that we have been manipulated to believe that all black people are descendants of slaves when in fact, the majority of melaninated people in America are aboriginal. He encourages everyone to research their genealogy, because if you don't know who you are, anyone can tell you what you aren't. Waka reveals that this is what he meant with his controversial statement saying that he isn't African American.

Next, Waka talks about the music industry and why he wouldn't tell anyone not to sign a record deal although he chose to go independent. He tells aspiring artists not to get excited about an advance without understanding the financial obligations. He advises any artist looking to sign to make sure that their advance is nonrecoupable. He advocates for financial literacy and encourages youth to begin with learning taxes and credit early. As for hustlers who work with cash, Waka advises to always have an end goal. He talks about vision, having a business plan, and executing the plan once certain income goals are met. He talks about diversifying, flipping houses, and starting other ventures when you are able.

Waka gives advice to those who are really out there in the mud getting to it. He talks about the power in choosing your path. If you are content with taking risks that come with the territory just to make money, then there is nothing he can say to you. He talks about his own experience building from the ground up, and how even though he came up in the same environment, he always had a goal to get out. He talks about using resources, critical thinking, planning, and using your brain, asking questions, and learning from others whether they are successful or have failed in life. He says that learning the things not to do is just as important as learning the right things to do.

Waka talks about his personal end goal, which is to acquire wealth where he can pay all of the bills that support his lifestyle for 50 years in advance. He talks about elevating his mind state to not give a F and be happy with himself. He says that rap didn't make him rich, his genius did. He talks about not balling in the clubs, not being in competition with any man, not buying watches, clothes, etc. He says that when you are sitting back looking at other people live life on social media, you inevitably become a hater because you aren't living your own life.

Next, Waka talks about signing his first artist, LA Folds, to BSM, He reveals that he never signed any artists affiliated with Brick Squad in the past because he didn't fully understand the business, but now that he has learned the ins and outs of the games, he can structure fair deals. He talks about why he can't be around the rap cap and artists being fake gangster to sell records. He talks about taking it too serious because the things that they lie about are real life and have caused traumatic experiences in the lives of those closest to him.

They shift gears and discuss relationships, more specifically black love. They talk about why we rarely see whole black families depicted in movies and on tv, and the stereotypes being pushed, including broken black homes and interracial relationships. Waka believes that black love is strong off the internet and in real life. He says that we should stop grouping women with h***, and pinpoint the individual you are mad with instead of blaming black women or black men as a whole.

Lastly, Waka talks about distinguishing between those who you can help versus those who want to stay stuck. He says that everybody cant go, and that's ok. He talks about the fine line of waking your people up to truth and getting in the way of other interests that could bring conflict to you by getting in the middle. He advises the youth that most issues aren't that serious and how he learned to take time before reacting. He talks about the ability to step back and analyze, being committed to growth, and living to succeed instead of living to survive. He advises to stop having children so young, to find beauty in ugly situations, build family and community.

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