Record producer Khaled Mohamed Khaled, aka DJ Khaled, is known for his hits, his positivity, and his continuous dedication to success. But the celebrity DJ's struggles may be less known.
The award-winner had a “mogul talk” with Cheddar about what it takes to be successful and the obstacles that have made his journey an arduous one. And for Khaled, time has been the major issue.
“There’s not enough time in the day to accomplish what I need to do, ‘cuz I don’t stop,” Khaled said during the interview. “That’s the hardest part of hustling.”
Time management is a difficult skill for many to master, but Khaled says you have to commit and “do what you got to do.” That's how he faces this challenge.
Khaled, whose latest albums “Major Key” and “Grateful” have been certified gold and platinum, shared two of the reasons for his success. He says you have to make sacrifices and be self-made.
“It’s OK for you to work 9 to 5 to fund your vision,” Khaled said, acknowledging that for some, a traditional job is what they'd like. But for those who have a vision they want to bring to life, working a side gig is a necessary evil.
“I’m a mogul, so I envisioned all of these things I want to do,” he said, adding,“my family raised me to be self-made.”
To Khaled, being self-made is not about having money as many may think, but about “respecting yourself and your vision.”
Talking the talk and dreaming big is great, Khaled explained, but for success, it’s important to walk the walk and figure out how to accomplish the vision.
“There’s other people out there that talk, but don’t accomplish the goal,” he said.
“When I was a kid, I had to do certain things to fund my music business, my record company, my management company….”
Social media platforms are often flooded with unverified information, and many people use their news feeds as their main source of news. But Snap is working to set itself apart as it partners with global news outlets to launch Dynamic Stories. Vetted news content will be available for users on the Discovery tab, and news outlets will have an easy way to push content out and reach more people. Alan Wolk, Co-Founder and Lead Analyst at TVREV, joins Closing Bell to discuss Snap's push into news, how it will monetize clicks, whether or not another social media site will imitate the feature, and more.
Melissa Cohn, Regional Vice President at William Raveis Mortgage, joined Cheddar News' Closing Bell to discuss the Mortgage Bankers Association's decision to lower its 2022 outlook, as surging prices and tight supply weigh on the market.
Apparel e-commerce platform Rent the Runway posted a beat estimated revenue, and Barbara Doran, the CEO and CIO at BD8 Capital, joined Cheddar News to discuss the earnings report along with other topics affecting the market. "This is also a secular growth story because they do occupy a unique niche," she said of Rent the Runway. "They did identify an important need." Doran was impressed by the company's numbers in terms of subscription growth.
"New Collar" is a recent term coined for tech jobs that don’t necessarily require a degree but do need a specified technological skillset. Matt Calkins, CEO at cloud-computing and software company Appian, joined Cheddar News to discuss the latest. "This new collar movement is about switching the track you’re on and getting out to a higher value track, making the most of your skills," he said.
Ron Carson, CEO and Founder of Carson Wealth, sits down with Cheddar's Hena Doba to share how he keeps a strong connection to nature and prioritizes mental health in his formula for success.
Ice Cube's 3-on-3 basketball league, the Big3, is introducing decentralized team ownership to fans with the chance to own a minority stake in the 12 teams through blockchain technology, a first for professional sports. The rapper, actor, and filmmaker joined Cheddar News to talk about the new ownership model using NFTs. "This is a perfect time to offer it to fans and not just wait for fat cats to come and want to buy the teams but for fans to be able to be a part of it,” he said.
John Petrides, portfolio manager at Tocqueville Asset Management, breaks down the factors that led to narrowing margins for the banking giant JP Morgan Chase and the concerns for an overall economic slowdown. "The miss was really driven by an accounting feature called CECIL, current expected credit losses, which is something that was rolled out a couple of years ago and is now in full play," he said. "Basically what that means is every loan a bank makes, now they have to assign some probability of a loss to the loan at the moment that they issued a loan."
