Jason Brown
speaker
90 appearances
2 recordings
2 series
first heard Jan 2025
last heard Mar 2025
Jason Brown’s voice in public audio — every appearance, attributed to the second.
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Appearances
Mick Unplugged · From Detroit’s Streets to Stock Market Success: Jason Brown’s Rise · 27 Jan 2025
podcast
I went down to a well-known bank. I tell the girl, I want to be rich. I mean, I said, I want to invest. She said, why? She asked me two questions. She was like, so you want aggressive funds, right? And I was like, yeah, I'm 18. I need aggressive growth. And she's like, well, what's your goal? I was like, I want to be rich. Like, why else do people invest?
I'm not thinking people invest for retirement. They invest for, I'm just, I'm like, if I get rich, that take care of retirement, mobile home, vacation home, it takes care of everything. So I'm like, I just want to be rich. I gave her the $2,000. I come back two years, I'm 18. I come back about two, two and a half years later, I'm 21. And I'm like, how's my investment going?
I'm thinking, this is great. It's going to be at $6,000, $7,000. It was down to $700. Wow. And so I asked the lady, I said, well, what happened? That was my life savings. Like, I'm not about to graduate high school again. So I don't know where I'm going to get $2,000 from. And she just kind of looked at me like, I don't know what to tell you.
And so I said, I thought the professionals don't lose money. And she like, market goes up, it goes down. I said, give me my $700. I can do this myself. I could have lost my own money. At least I would have known why I lost it. Because I didn't even know how they lost it. I just handed it over. No explanation. Yeah, and it just disappeared, right? And so that was the beginning for me.
So what happened, Mick, was I was making $8 an hour selling cell phones for Sprint PCS. I'm that guy in Best Buy or you're going to Costco, Sam's Cup. And they're like, who's your cell phone provider? Well, that was me. I was like 20, 21 years old. And so I did what most people do. I spent $200 on some gym shoes to make me feel better. I bought some Jordans. So I had $500 left.
I was like, man, if I can make $50, because after making $8 an hour, $64 on a Saturday, you take taxes out, I'm left with $50. I've been working Saturdays since I was like 16 in retail. I worked for McDonald's. I worked for Mervin's. I worked for Best Buy. I worked for Sprint, PCS, Southern Fund. I'm always working retail. I'm finally like, if I could just take a Saturday off and not lose pay,
that would be like amazing. So I got 500 bucks. And like, if I can make 10%, that's $50. I can take one of these Saturdays off. And then I said, if I could do that once a week, then I could take a whole month of Saturdays off. So I bought Sprint stock at $5 a share. Sprint stock fell down to four. I was like, oh man, this doesn't work. Maybe I'm not as smart as I thought I was.
Sprint stock went back up to five dollars. I'm like, OK, let's go to five fifty. It fell back down to four. I'm like the stock market rig. It's a setup. It's a scam. That's why they asked for my Social Security number. They know I needed to go to five fifty. They won't let it go to five fifty. Stock went back up to five dollars, Mick. And I said, I've seen this before.
I got out at five dollars and broke even. It fell down to four. I got in and went back up to five. I made my first hundred dollars. I didn't know that at the time that was called a channeling stock. And so I started like, well, what are the patterns out there exist that I don't know about? I got really good at studying the stock market, spent countless hours studying these patterns.
Then I get really good at flipping my $500. I made my first hundred, like I just told you about. I started making two, 300 bucks. And then I was like, wow, if I had a thousand dollars, I mean, I would have made 200. I was like, if I had $10,000, I was like, oh my gosh, I'd be rich. Right. Right. And so, you know, I read books like Rich Dad Poor Dad. And one of the things he said in the book was,
You know, if you know the story, when the kids went to work for the daddy, like, he wants y'all to work for free. They're like, you want us to work for free? He's like, by not paying you, you'll see money around you that would have before gone unnoticed. So for me, I was like, how am I going to get $10,000? Me and my cousin went to all our family. My cousin was trading too.
We were going to our family members like, hey, can 10 people give us $1,000? We're trying to raise $10,000. Nobody wanted to do it. I had saw my friends get, so I had a scholarship to the Michael School of Business, Wayne State University here in Detroit, Michigan. So full circle to your question, how did I get to the $10,000?
I saw my friends getting their student loan refund checks and they were partying, they were shopping, doing all this stuff. I went and talked to my financial advisor, said, hey, I got a scholarship. but I know we poor enough to qualify for financial aid. So what would happen if I qualify for financial aid? He said, well, your scholarship would pay books and tuition first.
And since it doesn't cover room and board, you can use it to move on campus. You can use it for living expenses. If you just want to go to school full time, whatever you want to use it for. So I'm like, I use it for whatever I want. It's like, yeah, you'll get a refund check. That was the light bulb moment for me. I was like, I'm taking the refund check and I'm putting it into the stock market.
So that's how I got the $10,000. And I know people would be like, well, isn't that risky? It's not risky because I had got so good at doing it with my $500 that I was just doing the same thing with a little bit more money. And so when I put that $10,000 in there as a 21 year old college student, I grew my trading account to over a hundred thousand dollars.
So that's, that's the full circle of how that $10,000 student loan turned into a six figure trading account.
You know, I look back. I don't think I knew until, you know, you don't really know until you look back over your life. But as I look back over my life, I was always different. You know, I was in the gang here in Detroit, Michigan. And I remember when kind of like when report cards came out, all the gang members, we'd be like, what'd you get on your report card?
Like, I got three F's and two D's and an incomplete. It's like, what'd you get? I got four F's and two extra D's, right? And they was like, Jay, what'd you get? And I was like, y'all don't want to know what I got on my report card.
because i had like four a's two b's and like one c because i'm like look i'm getting up out of here someday i ain't trying to be running these streets with y'all yeah so even back then i was disciplined because i always knew like that wasn't the lifestyle that i wanted and then even when i worked retail a new level of discipline kicked in because it's like i know i don't want to work retail all my life no disrespect to anybody who works retail i just knew
I didn't want to stand on my feet every Saturday selling cell phones, all the holiday seasons. And so I look back on different points in my life. I think that discipline always came from knowing that I wanted more and wanted something other than what I currently had.
Showing 21–40 of 90 · page 2 of 5
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