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Jayda Cheaves On Waydamin, Social Media, Entrepreneurship & More | Assets Over Liabilities

Mar 17, 2024
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, you're missing out on a lot of money, so obviously you talked about getting your warehouse and therefore you're making profits from the clothing line, uh, the brand. Do you want to call the line of code the mark? Are there other things that interest you in terms of investing money correctly? Because one of the things you take. I can feel the natural ball pushing you to make money while you sleep. It's one of those things we all try. To aspire to do it, there are other things that you consider investments that say that's my interest.
jayda cheaves on waydamin social media entrepreneurship more assets over liabilities
I want to learn

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about it in the future, so it's like stocks, it's something I really want to get into, but I just haven't had it. It's time to sit down, but I really want to get started, you know, because now all I'm doing is reinvesting in myself my merchandise, my brand, but to be able to say I want to get into stocks and stuff, I feel like that. It would be like a completely different ball game because right now I'll go and spend all this money on the Birkin, but it doesn't lose its value, so that's my way of finding stocks, it's like that's my investment channel.
jayda cheaves on waydamin social media entrepreneurship more assets over liabilities

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jayda cheaves on waydamin social media entrepreneurship more assets over liabilities...

Chanels my birkins you know, like my jewelry, yeah, that's my investment, but yeah, but getting into stocks is different, you have to be fashionable, like it's a whole new world, no, seriously, it's a world. completely different, but I want to get into it because I like education. I feel like you know something, once you educate yourself, you realize it's not that complicated, yes, but it takes a lot of education, you can't just go into it and not really know how it's not that difficult, we'll talk about it after this. Yes, but even if you say it's encouraging, like you said, you have almost 7 million people following you and therefore hearing you say that now attracts their interest, so during the pandemic we saw millions and millions of new people enter the space, many of them African Americans, the largest influx perhaps in history, right, of people entering space, so that's encouraging, right? your mind says "okay, I know it's an asset class that we can make money with.
jayda cheaves on waydamin social media entrepreneurship more assets over liabilities
I want to learn about it, but I don't want to discount the fact that you're saying I'm buying these bags or I'm buying these jewelry because they appreciate a lot , you keep them in good condition and they appreciate them all the time and it becomes an asset exactly yeah so we don't want to belittle that either so that's because you have that mentality just when I like doing something I want to like really know what I'm doing, that's why I haven't started buying stocks yet because I like to study, I like to really know in everything I do.
jayda cheaves on waydamin social media entrepreneurship more assets over liabilities
I want to be the best at this, so if I start doing stocks I'll make sure I'm fashionable, talking to the right people and knowing exactly what I'm doing with my money because I don't know. Play with my money like that, I don't play with it, so Kylie Jenner, Rihanna, they have two things in common, They are both billionaires and they didn't do it the way people probably thought they would have done it years ago. They made it from beauty lines, it's something you're interested in cosmetics, beauty, so it's actually what's in the works now for me.
I want to dedicate myself to makeup, skin care, as if I didn't collaborate with different brands. as far as skin and stuff like that, but I've never done it myself and it's nothing like your own brand, so yeah, I could promote brands all day, but that's like me selling clothes or promoting brands from other people, but it's what my followers want. to buy things from jada, they want to see what jada sells, they want to click the link in jada's bio, so I feel like that's the next thing for me, getting into the world of makeup, the beauty industry, because I feel like that's what's missing right now. a jaina brand in the makeup world yes that's what i said i realized this i don't see anything you can't do you have the mindset you obviously have followers who are dedicated and love what you do wait a minute , cosmetics, that is.
That's going to be hard, yeah, you're obviously onto something, so you've gotten to this point and you're still very young. I wonder if people look at you and say I like this young woman or this young woman. Don't say girl, young woman, they've been hanging around you, you said, help her, let's tutor her, let's guide her to make sure she doesn't make the mistakes we made. Are there people like that on your side now? No, i do not do it. I have a mentor, I'm kind of my own mentor, I never had anyone I could call if I ever do or I'm in a depression or I need to talk business, I'll call my dad if anything, but I've pretty much dealt with it. with the worst and I know what I'm doing.
You know you like it. Actually, I don't have to say. Help me take my hand and carry me through this. I like to learn things on my own and just go through my own emotions. finding out for myself it's like we talked to Jim Jones he asked who his mentor was he said mistakes literally like my lessons seriously that's his mentor yeah what's up with your team who's on your team , so I have my manager, um, does everyone know my manager? she ran a business, especially when it involved money, how did you meet her? I met her through my son's father, she is fine, and since then we were locked in like she ran a business, everyone knows her, they have to pay, you can.
I don't even talk to or see Jada and you're not paying her so she definitely likes a lot of firmness when it comes to that and then I have my assistant, she's very good, she's always on it and that's it. I have a believe, oh, I have. She's also a creative director, she brings in the visuals to like my visions, so she'll like it every time she has a hold campaign session, I'll ask her to create a mood board and we like it. bring the vision to life, but all you see is the way I post crazy pictures or concepts, that's just me, like I want to do this but do it better or like I see it for me, but let's take a trip over here so looks even better. like I don't want to film in Atlanta any

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, so yeah, the new campaign launch is fire, yeah, it was fire, right, you see the whole rebranding, I saw the black and white and the studio and everything, the lighting is crazy, I'm like we'll talk about that, we'll talk about rebranding and why it's important to rebrand.
A lot of people don't realize how important it is to rebrand because they feel so comfortable with their business and me. I'm the type that I never feel comfortable, I always need something new, better and bigger, that's how I operate, so when I waited a minute on merchandise, I limited myself to being bigger just by the name of the merchandise. After waiting a minute, I feel like I recently changed it with this latest release to brand it like I put my brand in a completely different lane, a completely different lane, the lane it's supposed to be in on merchandise, kind of like which limited me a lot because when you hear merch you think of a t-shirt or you just wear this and I want it to become more of a clothing line than anything else because I see my stuff being in stores one day, you know, like I. see it bigger, so I wanted to give a whole new look to the business and show them that this time we're not playing around, it's only going to get better, but even that language is very important, what you said is very key, as even we. like we have merchandising t-shirts, now we are developing a clothing line exactly, so the word merchandising is synonymous with t-shirts, hoodies and sweatshirts, branded clothing line, now you can do anything exactly you never want to limit yourself himself and some.
People listen to merchants like, "I don't want you guys to know that's just throwing stuff away, but like you, that's the first thing I said when I saw you, like I wanted it to be a clothing line for me, like you guys don't." ". Have you ever wanted to limit yourself? Yeah, no, sure, so what's the five-year plan that you see yourself in five years, ten years? How do you see yourself climbing in the business world? I really want a billion dollars. I just saw you. I know a lot of young people who do it well, at least you know, at least literally, like me.
I just feel like I could really do it if I continue with this mindset that I have now and the path that I'm on. I really see this happening to me. because I look up to people like you, you know Kim Kardashian, Rihanna, like they're young, they don't stray too far from what I'm doing now, so hopefully I could just, you know, have uh, what I'm doing now. , just amplify it like times. In one thousand ten to five years you know that everything I'm doing now will be bigger and better. I see it, I see it for you.
What is the gift in the curse? Although it's like we've talked about so many positives. You have all of these. millions of followers and everything, but there has to be some level of disadvantage to being a public figure and people knowing your life and stuff like some of the not so positive things about being a public figure, so a lot of the disadvantages are what I was saying before, like all your losses, you know them as a normal person who is not very important on

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, no one knows when they have a bad or customer complaint, but all my stuff is on the internet, the people know how to get them.
My attention, they are going to post about it and they are going to do a review on YouTube that will get hundreds of thousands of views, so everything that I have dealt with, that is the biggest drawback, is that all my stuff is advertised, so I have to deal with this beforehand. out of seven million followers and not even just seven million blogs, people I don't even know like to just post about it so I'm dealing with it all in front of the whole world to see and everyone is literally watching how this is going to rock this time like he's still going to sell his next release and he's still going to release it again after this so you have to show them that sometimes you have to shove it in their face and it's hard to deal with. when you have blogs and the whole world likes to pray for the fall, so I feel like that's the hardest part of all this, all my mistakes are published, a lot of people don't have to go through that, that's true, one of the other things. that you're adding to the resume obviously, as an entrepreneur, an author is acting, oh yeah, so this is something that you've had aspirations for for a long time or this is like one of those things like, you know what I can tackle?
This I've had success here, let me take advantage of it here too, so right now I'm in a place where I have this rumor and you don't understand it, you only get it, you only get it once, so you have to milk the cow. until you can't take advantage of it anymore, so any opportunity that comes my way I won't close it, I'm going to try it, I have to act on the coach, that didn't even work out, it just worked for me, like me. I went in and finished the roll. Next thing you know, after I finished the movie, a bunch of other jobs came up, so I'm acting, not too bad, I mean, it's very different from the amount of money I make with all my other ones. things because you know that actors, especially those starting out, don't get paid a lot, but like I told my manager, it's not really about the money, it's like saying, for example, this worked for me and I'm going to get a role within five years in a big movie. movie like that right now I'm taking every opportunity I'm given and trying to see which one doesn't work, that's what I'm doing generational wealth, how important it is for you to have a child, obviously, um, how important it is for you to know making moves not only for yourself but for his future and educating him and you know as far as seeing his mom, you know growing up in the business world, do you think about that concept?
Yeah, I definitely think so and That's the reason I made him a book, for example, like all that money was still in his account. um I'm just waiting, you know, so I'm always trying to find ways to build him up to where when he grows up. Damn my mom had him together that's what it's all about at the end of the day and even now I don't know if he knows for sure who I am or who his parents are but all he does I'm like Clean up your toys you gotta work for it like I'm not just giving him to show him this life, like I'm making him work for his things, so if you want, you want five dollars, do this, help mommy with this and I feel like that's great. you know you need to put it on kids, especially kids that you feel like they have it all, no, loyal, still work for everything that he's going to get.
I make sure you know how to instill that in him because they didn't just hand me things. I had to work for everything I got, so that's really important, really important, you can have it, yeah man, this has been amazing and I like what I said and I mean, it's honestly like listening to you talk and following your career because I really feel like there's nothing you can't tackle because of the mindset that you have right now and I'm looking forward to seeing where it goes because I said there are many avenues, obviously invest in real estate because when I hear about warehouses I see them growing in other states, maybe in otherscountries, and now they're bigger than just the brand, it becomes a real estate bet for you too, so I'm excited to see where you go with this, yeah, I'm excited too, there you have it.
Well, thanks for joining us, this is really a great conversation, many blessings to you on your journey and if there's anything we can do to help you, if you need help with stocks, anything like that, don't hesitate to reach out to us, it's always encouraging to see you . I know young bosses who do their own thing and don't make excuses, so I really appreciate the time. Thank you, yes, thank you all for inviting me. I really enjoyed this.

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