Katalyst Minds Blackatalyst Media

This episode marks the beginning of our conversations about economic theories. Business and politics are often intertwined and a result many economic theories have been proposed to solve some of the issues were are currently dealing with in the world today.

In this episode we explore capitalism. We identified the pros and cons of capitalism and we also discussed a very controversial question "should children be able to inherit their parents wealth?"

I hope you guys enjoy this episode!

In this Episode we discussed different entry levels and wealth building opportunities. Specific industries that we believe have the most potential. We also touched on how big corporations like JP Morgan are working on reducing the wealth gap and Trump’s Platinum plus plan.

Individualism is a social theory favoring freedom of action for individuals over collective or state control. As Chris stated in this episode we are entering the age of the collective which makes it more difficult for people to be who they are. As it becomes increasingly more difficult to build individuality and distinguish yourself from others, more emphasis needs to be placed on topics like this. Be Yourself! This is important in all aspects of life and especially in business.   Just because you are a part of a specific demographic does not mean you have to act a certain way, talk a certain way, or even live up to certain ideas. It is ok to be unapologetically yourself regardless of the circumstance (granted you’re not harming anyone else in the process).   

In this episode we also spoke about embracing the negatives in life. It is good to always have a positive outlook on life (it is actually recommended), but don't suppress the negative aspects.   

Thank you for tuning into this episode!  Follow Blackatalyst on Instagram @blackatalystmedia  Feel free to email or dm us any topics you want us to talk about or any entrepreneurs you would like us to connect with. Let's get this money!

Critical thinking is a skill that is often overlooked in society today. It is easy to come to the conclusion that you are well versed in a topic just because you have seen a series of videos on a social media platform about a specific topic. Everything is not always what it is seems. It is becoming increasingly more imperative, as fake news spreading like a wildfire , that people are doing their own due diligence.

We also live in a world right now where people get "canceled," for having a view that does not align with the majority. In some cases this is not always a bad thing because diversity of thought is very important and all opinions should be allowed to be expressed regardless of how wrong you think a person is. If you seek no opposition in life you are limiting your own growth because without resistance there is no way to get stronger.

In this Episode we also discussed the TikTok and Oracle deal. TikTok is quickly becoming the next big platform. Generating millions of users in such a small time frame. The app was under scrutiny from the president who had the proposed banning the app until TikTok was able to reach a deal with U.S. owned company. Oracle with the help of Walmart was able to arrange a deal that would help the app stay in the app, and ultimately avoid being banned.

Options trading is a great way to amplify your returns. In this episode we discuss some of the basics around options trading. Overall options trading is a very complex topic that we will go more in depth in the future, with real life examples of some of the trades we make.   

In the first segment of the podcast we also discussed Robinhood's valuation increasing to $11.2 billion and how the platform is revolutionizing trading. We also discusses how TikTok is now compensating creators and what that could potentially mean for social platforms overall.  Thank you for tuning into this episode!  

Follow Blackatalyst on Instagram @blackatalystmedia  Feel free to  dm us any topics you are want us to talk about or any entrepreneurs you would like us to connect with. Let's get this money!

In the business news segment we spoke about how the government approved the next wave of unemployment and Airbnb's pending IPO. We also briefly touched on Apple and Tesla gearing up for stock splits and Russia finding a "vaccine."  

In the main segment of the podcast we shared our personal stories of how we got started investing in stocks. We also gave tips that we believe could be beneficial to people getting started in the stock market.