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….”
The future of entertainment is interactive, according to the creators of the Fireside app. Mark Cuban and Falon Fatemi say that more and more, audience members will want to be part of the live content they are watching, and Fireside helps content creators do just that. They can create a live audience Q&A, facilitate a discussion, and more, all with the click of a button in the app. Creators also have full control of how they distribute and monetize each piece of content they create. Fatemi, CEO & Co-Founder of Fireside, joins Cheddar to discuss the app's interactive content features, what users and creators can get out of the app, plans for NFT and other virtual products, and more.
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Russia may be asking China for help with its war in Ukraine, according to several reports citing unnamed U.S. officials. Russia is reportedly calling on its ally for military and economic assistance, in an attempt to avoid punishment from sanctions imposed by the U.S., Europe, and Asia, which have hammered Russia's economy. Chinese and Russian officials denied the reports. Meanwhile, top U.S. and Chinese officials are meeting today, with both countries confirming the conflict in Ukraine will be the meeting's main topic. Edward Wong, diplomatic correspondent for the New York Times, joins Cheddar News' Closing Bell to discuss.
Ford has released its plans to grow its electric vehicle business to Europe — despite a potential lack of full features due to the ongoing chip shortage. Dan Ives, managing director of equity research at Wedbush, joined Cheddar News to talk about the challenges facing the automaker. "I mean for them, it's really a Catch-22 because they can't lose out on demand," he said. "And they're having to make some tough decisions." He noted that Ford's stock is under pressure even as the electric vehicle play is the right long-term decision.
Damian Mason, farm owner, agricultural economist and author of "Food Fear" joined Cheddar News to talk about how the Russian invasion of Ukraine is putting pressure on commodities, which could lead to a 20 percent price hike according to the United Nations. “Russia and Ukraine are responsible for about 35 percent of exports, 35 percent of grain exports, specifically wheat,” said Mason. He also added, "You've got Russia saying, 'we're going to hoard and hold back our wheat,' which of course crimps global supply, and you've got Ukraine that maybe won't even get harvested."
In order to qualify for one of the coveted first retail licenses in New York's adult-use cannabis program, you'll have to have a conviction on cannabis-related charges or have an immediate family member who does. It's part of the latest effort by New York lawmakers to create a diverse and inclusive industry — but some advocates still have reservations. Amber Littlejohn, the executive director of the Minority Cannabis Business Association, joined Cheddar News' Closing Bell to discuss. "We definitely applaud the state of new york, but ultimately the devil will be in the details as to whether or not this actually works out to create equity in the cannabis industry," she said.
