October 08, 2020

How He Rapped His Way to $0 in Sallie Mae Student Loan Debt with Dee-1

In this episode of the Building Us podcast, co-hosts Erik Garcia, CFP® and Dr. Matt Morris, LPC, LMFT interview David Augustine Jr., better known by his stage name, Dee-1. Dee-1 is a Hip-Hop Artist, Public Speaker, and Educator. Dee-1 talks about his struggles paying off his student debt and how his success in the music industry changed his life forever.

Episode Highlights:

Erik introduces David “Dee-1” Augustine Jr. (2:15 )

Dee-1 mentions that he hates labels because he thinks that it boxes you in, or you’re trying to prove to other people who you are and what you do. (3:07)

Dee-1 shares that he wants to prove to everyone that you can do a lot of things in life. Because at the end of the day, it's about what type of person you are as you're doing what you do. (4:36)

Dee-1 shares that hopefully, his character could be as impactful as his numbers or his platform, because it has produced longevity in what he does. (5:09)

Erik mentions a line from the song, I’m Not Perfect (I’m A Christian). (7:09)

How significant is it for Dee-1 to align what he does with who he is, and what he values? (7:29)

Dee-1 thinks that maturity sets in when we realize that just because you can do something doesn't mean that you should do it, and just because you can afford something doesn't mean that you should buy it. (9:16)

Dee-1 shares that his song called I Don’t Wanna Let You Down, is a song for all of the people who realize that they're not just a symbol but, they're a symbol of something greater and they’re doing it for more than themselves. (10:41)

Dee-1 mentions that the key to becoming the best version of yourself is by adding value to other people's lives. (13:30)

Erik mentions Dee-1’s album entitled, Slingshot David. (13:54)

Erik mentions that leadership is about influence. (15:00)

Dee-1 mentions that Erik and his family made a cameo in one of his music videos, Long Time Coming. (15:37)

Dee-1 shares that nowadays, there's a lot of twisted agendas that people have, particularly when it comes to crossing racial lines. (15:53)

Dee-1 shares that he’s into highlighting our similarities and our commonalities more than our differences because leading with love allows you to see the best in somebody. (20:11)

How did Dee-1 come up with the song Sallie Mae Back, and where did that song lead him? (23:52)

Dee-1 explains how the name of Sallie Mae is associated with administering student loans and Sallie Mae has funded a lot of people's education. (24:16)

Dee-1 mentions that he used to be a middle school teacher. (27:15)

Dee-1 shares that at one point, he strategically signed a record deal with one of the biggest labels in the world, RCA Records. (30:11)

Dee-1 shares that he was a featured speaker at FinCon, and was also featured at Forbes and Washington Post. (33:37)

Erik mentions that in 2016, he wrote a blog about Dee-1’s song Sallie Mae Back called, Squash Debt: Nine lessons from Dee-1 on paying off debt. (36:07)

How does the idea of lifestyle, and spending money on lifestyle often come up? (44:32)

Dee-1 mentions that going to Africa changed his life forever. (45:15)

In Dee-1’s opinion, it’s powerful not having a car note. (48:37)

Did people tell Dee-1 that they don't want to listen to his music because he doesn’t drive a fancy car like a real rapper? (48:33)

Erik shares that finance is all about priorities and decisions and people don't understand the difference between income and net worth. (51:29)

What is the Mission Vision Lifestyle all about? (54:10)

Dee-1 explains the three core principles of the Mission Vision Lifestyle. (54:32)

Dee-1 mentions that the people who are aligned with those core values are the ones who are going to make this world a better place. (56:31)

Resources Mentioned:

Erik Garcia, CFP®

Dr. Matt Morris, LPC, LMFT

Garcia Financial Group

Matt Morris & Associates

Dee-1 LinkedIn

Dee1music

Mission Vision Lifestyle

...more

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By Dr. Matt Morris LPC & LMFT, Erik Garcia CFP®

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