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In an episode of “Bitcoin Bottom Line”, hosts Steven McClurg and CJ Wilson invite Tennessee Titans and former National Football League player Derek Morgan to discuss impact investing.
By aligning his capital with his values, Morgan invests influence with a priority, not only in his financial portfolio, but also in his daily life. As the founder of the real estate development company Kingdom Group, Derrick and his wife, Charity Morgan, have projects all over the southeast, from affordable worker housing to worker development.
Referring to episode number six of the “Bitcoin Bottom Line”, McClarg noted, “One of the biggest effects on people in an inflationary environment is the ability to survive somewhere.”
Kingdom Group is building a transitional housing development, working with homeless people in Nashville to get people on the streets. Morgan explains how he is building these features in these parts of the city that lines have historically been separated by red lines, as well as other works that have removed that part of the city from the city. He explained, “The cost of living is going through the roof, but wages are not rising at the same rate. This is creating the need for affordable housing. ”
As a former pro athlete, Wilson asked Morgan about his post-career impact in real estate, wondering how Morgan “focused on being productive” rather than how athletes are encouraged to buy.
Morgan’s answer was simple: “If you clearly separate your goals and have a common sense of direction, that helps reduce confusion that is not consistent with your time and values.”
As a founder, he also naturally commented on the basics of the Kingdom Group.
“As a company, when we are given an opportunity, we first drive it through our values and our mission,” Morgan said.
Morgan can be found in the form of eating plant-based foods in his recent lifestyle during and after his professional football career. He shared how his former teammates would call him “Dr. Morgan, “because of his alternative outlook and passion for health in the NFL community, and he described how veganism helped him succeed in his athletic career.
Charity, who is a chef, is publishing her first cookbook, “Incredibly Vegan”, to support the vegan lifestyle after starring in the documentary “The Game Changers” with her husband.
Wilson identifies a “long-game mentality” that divides financial investment and veganism, which connects the concept of impact investment.
“Health is a lifelong commitment,” Wilson said. “If you are truly committed to it, you can live a higher life.”
McClarg then discusses El Salvador’s recent adoption of bitcoin, explaining how the country has decided not to rely on the US dollar anymore and how this applies to the importance of independence in our thinking.
Closing the episode, Morgan shares how he became involved with cryptocurrency when he owned physical gold and silver, and Wilson noted that his mentality when investing in cryptocurrency follows the idea that he is investing in his own future. Referring to Morgan’s current work with the Kingdom Group, Wilson told him, “You’re investing in the community and their future.”
McClarg concludes with some advice: “Always have a plan, always have a set of values, and all you have to do is focus on that long-term plan. It was bitcoin for me.”