1 00:00:00,150 --> 00:00:04,380 Joel Comm: Imagine paying only 4% taxes to the government for your 2 00:00:04,380 --> 00:00:09,330 Joel Comm: business income. And now imagine paying zero capital gains taxes 3 00:00:09,330 --> 00:00:13,180 Joel Comm: for all of your crypto gains. Well, I don't imagine it. 4 00:00:13,200 --> 00:00:17,580 Joel Comm: I live it legally. Sir Laura Travis is super busy today. 5 00:00:17,579 --> 00:00:20,340 Joel Comm: So you've got me and my guest, Devin Michaels, here 6 00:00:20,340 --> 00:00:23,700 Joel Comm: to discuss how the tax situation that I mentioned is 7 00:00:23,700 --> 00:00:27,479 Joel Comm: real life and how you can surround yourself with high 8 00:00:27,480 --> 00:00:30,540 Joel Comm: performers that may help set you up for a very 9 00:00:30,540 --> 00:00:35,070 Joel Comm: profitable future by joining us on the high seas. Ya 10 00:00:35,070 --> 00:00:38,159 Joel Comm: sound exciting. Ahoy, matey. Come along with us on this 11 00:00:38,159 --> 00:00:44,850 Joel Comm: ride for episode number 693. Of the Bad crypto podcast. 12 00:00:44,860 --> 00:00:45,370 UU: Five. 13 00:00:45,729 --> 00:00:58,800 UU: Four, three, two, one, zero. Listen, who's bad? I. 14 00:01:13,400 --> 00:01:17,209 Joel Comm: Welcome to the crypto podcast, Sir Joel. I'm here with you. 15 00:01:17,209 --> 00:01:21,709 Joel Comm: Travis is getting ready to do some globetrotting and he's 16 00:01:21,709 --> 00:01:24,110 Joel Comm: got a lot of stuff to do. He's very busy 17 00:01:24,110 --> 00:01:27,380 Joel Comm: right now and so I'm rolling solo today, but not 18 00:01:27,380 --> 00:01:30,560 Joel Comm: truly because I've got a guest with me. He's an 19 00:01:30,560 --> 00:01:33,740 Joel Comm: old friend, and we're just going to jump right into 20 00:01:33,740 --> 00:01:36,560 Joel Comm: the interview because there's two things that I want you 21 00:01:36,560 --> 00:01:40,130 Joel Comm: to walk away with as you listen. Number one, how 22 00:01:40,130 --> 00:01:44,750 Joel Comm: to pay less taxes legally and not just crypto taxes, 23 00:01:44,750 --> 00:01:49,850 Joel Comm: but any type of gains taxes on your stock portfolio, 24 00:01:49,850 --> 00:01:55,610 Joel Comm: taxes on your precious metals gains, crypto and more. And 25 00:01:55,610 --> 00:01:58,430 Joel Comm: I want to invite you to come along with us 26 00:01:58,430 --> 00:02:02,060 Joel Comm: on a vacation on the high seas. You're going to 27 00:02:02,060 --> 00:02:08,370 Joel Comm: love this. Let's listen in. As you know, sir, Lord 28 00:02:08,370 --> 00:02:12,239 Joel Comm: Travis and myself have been living in Puerto Rico now 29 00:02:12,240 --> 00:02:17,549 Joel Comm: for over two years. It's it's been really interesting, meeting 30 00:02:17,550 --> 00:02:21,810 Joel Comm: ton of incredible people. But one of the gentlemen who 31 00:02:21,810 --> 00:02:26,910 Joel Comm: is responsible for me being here is an old friend. 32 00:02:26,940 --> 00:02:30,570 Joel Comm: His name is Devin Michaels. Devin's an entrepreneur. He's a 33 00:02:30,570 --> 00:02:36,990 Joel Comm: crypto guy. And he was on episode number 382 of 34 00:02:36,990 --> 00:02:40,590 Joel Comm: this podcast a little more than three years ago. But 35 00:02:40,590 --> 00:02:42,720 Joel Comm: you might not know it because he was on the 36 00:02:42,720 --> 00:02:46,710 Joel Comm: same show as Dr. Ron Paul. Doctor Paul, of course, 37 00:02:46,710 --> 00:02:49,680 Joel Comm: was the headliner. And then there was like, Oh, also 38 00:02:49,680 --> 00:02:53,010 Joel Comm: Devin and I wanted to give him the spotlight today 39 00:02:53,010 --> 00:02:55,200 Joel Comm: because we've got a lot of really interesting things to 40 00:02:55,200 --> 00:02:58,650 Joel Comm: talk about. Devin Michaels Welcome back to the Republic of 41 00:02:58,650 --> 00:03:00,000 Joel Comm: Bad Cryptopia sir. 42 00:03:00,510 --> 00:03:04,410 Daven Michaels: Mr. Joel, my dear friend of almost 15 years. It's 43 00:03:04,410 --> 00:03:05,670 Daven Michaels: great to be here with you, Mika. 44 00:03:06,030 --> 00:03:08,040 Joel Comm: I think it might be longer than that. 45 00:03:08,040 --> 00:03:08,970 Daven Michaels: I think it might be too. 46 00:03:08,970 --> 00:03:13,470 Joel Comm: If we had met around 2007. It's, it's 16 years now. 47 00:03:13,470 --> 00:03:14,040 Daven Michaels: Yeah. Yeah. 48 00:03:14,040 --> 00:03:15,929 Joel Comm: We just taken it your way from me. 49 00:03:16,139 --> 00:03:19,260 Daven Michaels: Sorry about that. We just celebrated the 15th year of one, two, 50 00:03:19,260 --> 00:03:22,290 Daven Michaels: three employee. I was shooting a commemorative video for our employees. 51 00:03:22,290 --> 00:03:24,960 Daven Michaels: So that's 15 years there. Wow. 52 00:03:25,139 --> 00:03:29,369 Joel Comm: And for those of you watching the video version on YouTube, 53 00:03:29,370 --> 00:03:33,270 Joel Comm: Rumble or Odyssey, that is a real background. Devin lives 54 00:03:33,389 --> 00:03:36,720 Joel Comm: really a big stone's throw away from me right on 55 00:03:36,720 --> 00:03:40,410 Joel Comm: the harbor here in Palmas, Del Mar. And it's a 56 00:03:40,410 --> 00:03:43,230 Joel Comm: beautiful day. It's a hot day. But you know, it's 57 00:03:43,230 --> 00:03:46,710 Joel Comm: mind boggling to me is here we are closer than 58 00:03:46,710 --> 00:03:50,040 Joel Comm: the rest of the states to the equator, and they've 59 00:03:50,040 --> 00:03:53,400 Joel Comm: been having a worse heat wave than we've been having. 60 00:03:53,410 --> 00:03:56,100 Daven Michaels: Yeah, not too bad here. Not too bad. Nice breeze. 61 00:03:56,340 --> 00:03:59,610 Daven Michaels: Beautiful Paradise all year long. Yeah. 62 00:03:59,610 --> 00:04:02,190 Joel Comm: So for those of you that really want to go 63 00:04:02,190 --> 00:04:07,320 Joel Comm: deep on the Puerto Rico connection and the tax benefits, 64 00:04:07,320 --> 00:04:10,320 Joel Comm: I recommend you go back to the episode we recorded 65 00:04:10,320 --> 00:04:15,240 Joel Comm: three years ago. It's bad cosine forward slash 382. We'll 66 00:04:15,240 --> 00:04:18,090 Joel Comm: have that in the show notes for this particular episode 67 00:04:18,089 --> 00:04:21,270 Joel Comm: as well. But I want to touch on it, Devin, 68 00:04:21,270 --> 00:04:24,960 Joel Comm: before we get into some other things today, including we're 69 00:04:24,960 --> 00:04:26,400 Joel Comm: going to be talking about. So you guys want to 70 00:04:26,400 --> 00:04:30,480 Joel Comm: stay tuned for this and interesting opportunity to go on 71 00:04:30,480 --> 00:04:34,770 Joel Comm: a cruise with us in April. That's a little teaser 72 00:04:34,770 --> 00:04:39,510 Joel Comm: for you. Let's let's start out with the the overarching 73 00:04:39,510 --> 00:04:44,910 Joel Comm: benefits of why Americans are moving to Puerto Rico. 74 00:04:44,910 --> 00:04:48,719 Daven Michaels: Yeah, absolutely. So Puerto Rico is a territory. And if 75 00:04:48,720 --> 00:04:52,020 Daven Michaels: you are a US citizen and you jump through the 76 00:04:52,020 --> 00:04:55,200 Daven Michaels: legal hoops and you make Puerto Rico your legal home, 77 00:04:55,200 --> 00:04:57,599 Daven Michaels: in other words, you live here at least half the year, 78 00:04:57,630 --> 00:05:02,520 Daven Michaels: then you essentially pay almost no tax. So we pay 4% 79 00:05:02,520 --> 00:05:08,370 Daven Michaels: federal income tax. We pay 0% capital gains, we pay 0% 80 00:05:08,370 --> 00:05:12,000 Daven Michaels: in dividends. And it is truly a game changer. A 81 00:05:12,000 --> 00:05:14,520 Daven Michaels: dear friend of both yours and mine and neighbor of 82 00:05:14,520 --> 00:05:18,330 Daven Michaels: so many years, John Lee Dumas, who is an unbelievably 83 00:05:18,330 --> 00:05:23,490 Daven Michaels: successful podcaster, always says, I work 4% of the year 84 00:05:23,490 --> 00:05:26,490 Daven Michaels: for the federal government and 96% of the rest of 85 00:05:26,490 --> 00:05:28,109 Daven Michaels: the year for myself, he said. He works the first 86 00:05:28,110 --> 00:05:29,729 Daven Michaels: couple of weeks of the year for the government and 87 00:05:29,730 --> 00:05:33,690 Daven Michaels: then that's it. And that's that's a big game changer. 88 00:05:33,690 --> 00:05:37,440 Daven Michaels: So we lived in LA where we were paying between, 89 00:05:37,950 --> 00:05:41,640 Daven Michaels: you know, corporate and federal and state, and I think 90 00:05:41,640 --> 00:05:44,580 Daven Michaels: I was paying about 63% in taxes and it was 91 00:05:44,580 --> 00:05:49,140 Daven Michaels: just absolutely ridiculous. And so we first moved to Vegas, 92 00:05:49,140 --> 00:05:50,910 Daven Michaels: got rid of the state tax, and then eventually moved 93 00:05:50,910 --> 00:05:53,520 Daven Michaels: here and got rid of most of it. But there's 94 00:05:53,520 --> 00:05:58,289 Daven Michaels: so many more benefits, too. So, for example, one of 95 00:05:58,290 --> 00:06:00,270 Daven Michaels: the greatest benefits is is deal flow. And you were 96 00:06:00,270 --> 00:06:03,120 Daven Michaels: talking about that a few minutes ago, the amazing people 97 00:06:03,120 --> 00:06:04,950 Daven Michaels: you meet here because you got to be a mover 98 00:06:04,950 --> 00:06:08,159 Daven Michaels: and shaker to to do this. You know, you have 99 00:06:08,160 --> 00:06:09,990 Daven Michaels: a tax situation, right? You need to save money. You're 100 00:06:09,990 --> 00:06:13,320 Daven Michaels: doing well in addition to that, to to pick up 101 00:06:13,320 --> 00:06:17,160 Daven Michaels: and move to a territory, you have to be a pioneer, 102 00:06:17,160 --> 00:06:20,270 Daven Michaels: which you are such a pioneer. And you and I 103 00:06:20,279 --> 00:06:23,580 Daven Michaels: both have that pioneering spirit, as does everybody over here. 104 00:06:23,580 --> 00:06:26,820 Daven Michaels: And then what happens is you have to spend at 105 00:06:26,820 --> 00:06:30,000 Daven Michaels: least a half a year in Paradise. It just sucks, right? 106 00:06:30,000 --> 00:06:33,150 Daven Michaels: I mean, look, look at this. It's just that's so hard, 107 00:06:33,360 --> 00:06:35,340 Daven Michaels: you know? So it's gorgeous here all year long. There's 108 00:06:35,339 --> 00:06:39,390 Daven Michaels: great food, great people. And the actual people who live 109 00:06:39,390 --> 00:06:41,909 Daven Michaels: in Puerto Rico, actual Puerto Ricans are some of the 110 00:06:41,910 --> 00:06:44,640 Daven Michaels: loveliest people in in the world. They will just give 111 00:06:44,640 --> 00:06:47,430 Daven Michaels: the shirt off their back for you. They are so nice, 112 00:06:47,430 --> 00:06:49,979 Daven Michaels: so wonderful. And I'll give you an example. You just 113 00:06:49,980 --> 00:06:51,900 Daven Michaels: walk down the street and people are saying, good day 114 00:06:51,900 --> 00:06:54,030 Daven Michaels: to you. Good day, good day, good day. Well, we leave. 115 00:06:54,029 --> 00:06:56,430 Daven Michaels: We travel and and people aren't speaking to us like 116 00:06:56,430 --> 00:06:58,589 Daven Michaels: saying like greeting us on the street. We're like, gosh, 117 00:06:58,589 --> 00:07:00,990 Daven Michaels: you know, you get used to this, right? And then 118 00:07:00,990 --> 00:07:03,120 Daven Michaels: we greet people and they look at us like we're crazy. 119 00:07:03,120 --> 00:07:08,029 Daven Michaels: But there's also a lot more benefits than. Just tax benefits. So. 120 00:07:08,960 --> 00:07:12,140 Daven Michaels: So the way all this works is, as Puerto Rico 121 00:07:12,140 --> 00:07:16,310 Daven Michaels: is a territory, they have their own tax authority. And 122 00:07:16,310 --> 00:07:19,280 Daven Michaels: it's not the IRS, it's Hacienda. And so if you're 123 00:07:19,280 --> 00:07:21,350 Daven Michaels: a bona fide resident of Puerto Rico, that's who you're 124 00:07:21,350 --> 00:07:23,870 Daven Michaels: paying your taxes to. You're letting the IRS know what 125 00:07:23,870 --> 00:07:28,370 Daven Michaels: you're up to, but you're paying Hacienda, and there's all 126 00:07:28,370 --> 00:07:30,890 Daven Michaels: these other programs that are available, too. They used to 127 00:07:30,890 --> 00:07:32,630 Daven Michaels: be a whole bunch of different acts. They've now put 128 00:07:32,630 --> 00:07:35,300 Daven Michaels: them under an umbrella called Act 60. When Joel and 129 00:07:35,300 --> 00:07:37,430 Daven Michaels: I got into this, it was called Act 2022, and 130 00:07:37,430 --> 00:07:39,800 Daven Michaels: we were just two of those acts. But now Act 131 00:07:39,800 --> 00:07:43,760 Daven Michaels: 60 brings them all together. And just to give you 132 00:07:43,760 --> 00:07:46,400 Daven Michaels: some examples of some of these acts, I have a 133 00:07:46,400 --> 00:07:50,420 Daven Michaels: car that is a plug in hybrid. It only gets 134 00:07:50,420 --> 00:07:54,560 Daven Michaels: 19 miles on a charge. Okay? It's just it's just 135 00:07:54,560 --> 00:07:57,650 Daven Michaels: a token thing. But because it has a plug, I 136 00:07:57,650 --> 00:08:00,410 Daven Michaels: was able to import it here tax free and save 30% 137 00:08:00,410 --> 00:08:06,170 Daven Michaels: in taxes. There's an entertainment tax here. My cousin Danny 138 00:08:06,170 --> 00:08:10,010 Daven Michaels: was just here shooting a pilot for Amazon. She got 139 00:08:10,010 --> 00:08:13,640 Daven Michaels: a 40% tax break of which you can cash in 140 00:08:13,670 --> 00:08:17,120 Daven Michaels: that tax break at 97 to 90 to $0.99 on 141 00:08:17,120 --> 00:08:20,090 Daven Michaels: the dollar. So it's essentially cash back. There is a 142 00:08:20,090 --> 00:08:23,270 Daven Michaels: hospitality credit. If you have like an Airbnb that has 143 00:08:23,270 --> 00:08:27,080 Daven Michaels: at least I think it's 7 or 8 beds and baths, 144 00:08:27,710 --> 00:08:32,540 Daven Michaels: you get 40% back over four years. Many of you 145 00:08:32,540 --> 00:08:35,300 Daven Michaels: who might live in the US might be familiar with 146 00:08:35,300 --> 00:08:40,250 Daven Michaels: opportunity zones where you get amazing tax benefits, while 98% 147 00:08:40,250 --> 00:08:43,970 Daven Michaels: of this entire island is an opportunity zone. And this 148 00:08:43,970 --> 00:08:46,040 Daven Michaels: list just goes on and on. I learn about all 149 00:08:46,040 --> 00:08:48,829 Daven Michaels: these new incentives every day, and I don't know all 150 00:08:48,830 --> 00:08:50,630 Daven Michaels: of them. But in a few minutes, we're going to 151 00:08:50,630 --> 00:08:53,059 Daven Michaels: talk about one way that I'm going to both you 152 00:08:53,059 --> 00:08:54,350 Daven Michaels: and I are going to learn all about them. And 153 00:08:54,350 --> 00:08:57,109 Daven Michaels: by the way, Joel, my guess is you don't know 154 00:08:57,110 --> 00:08:58,160 Daven Michaels: about all of them either. 155 00:08:58,160 --> 00:09:02,150 Joel Comm: No, I don't. I know you know XD that's that's 156 00:09:02,150 --> 00:09:04,220 Joel Comm: what I'm here on and you know what you say 157 00:09:04,220 --> 00:09:07,130 Joel Comm: is so true. I came for the tax breaks and 158 00:09:07,130 --> 00:09:09,740 Joel Comm: I did have friends already. I knew you and I 159 00:09:09,740 --> 00:09:15,710 Joel Comm: knew Jld and had visited. In fact, I think that we. 160 00:09:15,710 --> 00:09:18,650 Joel Comm: You're recording the last time you were on the show 161 00:09:18,679 --> 00:09:22,460 Joel Comm: was when I first visited you in February 2020. The 162 00:09:22,460 --> 00:09:25,309 Joel Comm: episode came out the the following month and we were 163 00:09:25,309 --> 00:09:29,240 Joel Comm: going to move to that May and then Covid hit 164 00:09:29,240 --> 00:09:32,240 Joel Comm: and everything became more complicated and we put it off 165 00:09:32,240 --> 00:09:35,690 Joel Comm: for another year. But I'm really glad that I pulled 166 00:09:35,690 --> 00:09:39,620 Joel Comm: the trigger when I did. I came for the tax breaks, 167 00:09:39,620 --> 00:09:45,500 Joel Comm: but I'm staying for the community. I have never in 168 00:09:45,500 --> 00:09:49,220 Joel Comm: my life and I'm approaching 60 ever being in a 169 00:09:49,220 --> 00:09:55,700 Joel Comm: community like this of high performers, of creative people, of 170 00:09:55,700 --> 00:10:00,230 Joel Comm: good hearted people. And you have everything in where we 171 00:10:00,230 --> 00:10:04,520 Joel Comm: live in Palmas Del Mar, from thousand heirs to billionaires 172 00:10:04,520 --> 00:10:07,160 Joel Comm: and from hanging out with people. You wouldn't know the 173 00:10:07,160 --> 00:10:09,679 Joel Comm: difference of who you're hanging out with because it seems 174 00:10:09,679 --> 00:10:13,160 Joel Comm: like the egos are largely checked at the gate and 175 00:10:13,160 --> 00:10:16,550 Joel Comm: people were all here kind of for the same reasons. Yeah, 176 00:10:16,550 --> 00:10:18,290 Joel Comm: it's a yeah for sure. 177 00:10:18,559 --> 00:10:20,360 Daven Michaels: Sorry to interrupt, but yeah, it's like kind of a 178 00:10:20,360 --> 00:10:22,760 Daven Michaels: flip flop and t shirt community, right? So how are 179 00:10:22,760 --> 00:10:24,199 Daven Michaels: you going to be flexing? You know what I mean? 180 00:10:24,200 --> 00:10:27,440 Daven Michaels: So it's nice. It's nice. People do check their egos 181 00:10:27,440 --> 00:10:28,579 Daven Michaels: at the door. I think for the most. 182 00:10:28,580 --> 00:10:31,490 Joel Comm: Part, there's all of these groups that we're in and 183 00:10:31,490 --> 00:10:34,490 Joel Comm: signal and what's happened. There's always something going on. You know, 184 00:10:34,490 --> 00:10:37,699 Joel Comm: I've become a pickleball enthusiast since I've moved here. Aaron 185 00:10:37,700 --> 00:10:41,600 Joel Comm: is a big golf enthusiast. And, you know, we we 186 00:10:41,600 --> 00:10:44,270 Joel Comm: live on the golf course. So Holes five and six 187 00:10:44,270 --> 00:10:47,420 Joel Comm: of the Palms course are right behind our condo and 188 00:10:47,420 --> 00:10:50,330 Joel Comm: the beach is right outside the door. And so it's 189 00:10:50,330 --> 00:10:54,589 Joel Comm: just there's always something to do. Yeah, we're going somewhere tonight. 190 00:10:54,590 --> 00:10:56,570 Joel Comm: Are you are you joining us tonight? What's going. 191 00:10:56,570 --> 00:10:57,170 Daven Michaels: On tonight? 192 00:10:57,170 --> 00:10:59,600 Joel Comm: I don't know. I have to ask Aaron. All right, cool. 193 00:10:59,690 --> 00:11:03,140 Daven Michaels: Cool. You check with your social director. I'll check with mine. Yeah, 194 00:11:03,140 --> 00:11:07,130 Daven Michaels: but like you said, I've never experienced anything like it 195 00:11:07,130 --> 00:11:10,640 Daven Michaels: except on, like, television, Right? These little, you know, these 196 00:11:10,640 --> 00:11:13,340 Daven Michaels: TV shows that take place in this little small town. 197 00:11:13,340 --> 00:11:16,070 Daven Michaels: Everybody knows each other, and they're all like, best homies. 198 00:11:16,070 --> 00:11:18,770 Daven Michaels: But I've never experienced in real life until moving to 199 00:11:18,770 --> 00:11:19,580 Daven Michaels: Puerto Rico. 200 00:11:19,580 --> 00:11:21,410 Joel Comm: I think part of it is, you know, when you're 201 00:11:21,410 --> 00:11:25,459 Joel Comm: in the city, like we came from Denver to orchestrate 202 00:11:25,460 --> 00:11:30,110 Joel Comm: somebody's calendar with yours in multiple couples calendars, you get together, 203 00:11:30,110 --> 00:11:32,989 Joel Comm: it's a big deal. It's an event here. There's so 204 00:11:32,990 --> 00:11:35,720 Joel Comm: many people and so many friendly people that it's like, Hey, 205 00:11:35,720 --> 00:11:37,400 Joel Comm: what are you doing for dinner tonight? Hey, we're having, 206 00:11:37,400 --> 00:11:40,100 Joel Comm: you know, karaoke at our place this weekend. We're going 207 00:11:40,100 --> 00:11:42,950 Joel Comm: to the Beach Club on Sunday. And and people just 208 00:11:42,950 --> 00:11:46,069 Joel Comm: continue to get together to the point where we have 209 00:11:46,070 --> 00:11:52,400 Joel Comm: now had two since we've been here, vacations with groups 210 00:11:52,400 --> 00:11:55,699 Joel Comm: of people from here. So we basically just pack up 211 00:11:55,700 --> 00:11:57,679 Joel Comm: Puerto Rico and we put it on a cruise ship 212 00:11:57,679 --> 00:11:59,449 Joel Comm: and taken on the road. And we'll talk a little 213 00:11:59,450 --> 00:12:01,250 Joel Comm: bit more about that here soon. By the. 214 00:12:01,250 --> 00:12:04,309 Daven Michaels: Way, are you going to Rusty's root beer float party. 215 00:12:04,309 --> 00:12:05,730 Joel Comm: Tomorrow? Yes, I am going. 216 00:12:06,580 --> 00:12:09,209 Daven Michaels: To hit that, too. But we have another party. Simultaneously. 217 00:12:09,210 --> 00:12:11,860 Daven Michaels: So we're going to be jumping back and forth. Yeah. 218 00:12:12,059 --> 00:12:15,810 Joel Comm: So let's you know, we kind of hit on the 219 00:12:15,809 --> 00:12:18,600 Joel Comm: governmental programs, the things that are available here. And we'll 220 00:12:18,600 --> 00:12:20,490 Joel Comm: try and find a website for you guys that has 221 00:12:20,490 --> 00:12:23,819 Joel Comm: all of the different acts so that you can take 222 00:12:23,820 --> 00:12:26,100 Joel Comm: a look at those. Let's talk a little bit about 223 00:12:26,100 --> 00:12:29,429 Joel Comm: some of the services on the island and the things 224 00:12:29,429 --> 00:12:30,990 Joel Comm: that people are working on. 225 00:12:31,200 --> 00:12:34,800 Daven Michaels: Yeah. So what's interesting is, well, okay, so let me 226 00:12:34,800 --> 00:12:39,060 Daven Michaels: start with my own personal experience. So I always I 227 00:12:39,059 --> 00:12:40,709 Daven Michaels: felt that when we came here, we were going to 228 00:12:40,710 --> 00:12:45,090 Daven Michaels: approach this as we are a guest in this territory. 229 00:12:45,210 --> 00:12:48,270 Daven Michaels: And and so I don't, you know, try to push 230 00:12:48,270 --> 00:12:53,069 Daven Michaels: my opinions or agenda on anybody. And my goal was 231 00:12:53,070 --> 00:12:56,190 Daven Michaels: to make this place a better place than when I 232 00:12:56,190 --> 00:12:58,140 Daven Michaels: got here, right. To to make a difference and make 233 00:12:58,140 --> 00:13:01,830 Daven Michaels: an impact. And I like, I kind of an impact junkie. 234 00:13:01,830 --> 00:13:03,870 Daven Michaels: So I really like that. And a lot of people 235 00:13:03,870 --> 00:13:06,809 Daven Michaels: are doing the same thing here. And, you know, you 236 00:13:06,809 --> 00:13:08,610 Daven Michaels: can you could actually come here and say, I'm not 237 00:13:08,610 --> 00:13:09,809 Daven Michaels: going to do any of that. I don't want to 238 00:13:09,809 --> 00:13:11,430 Daven Michaels: have any impact. I'm just going to do my time 239 00:13:11,429 --> 00:13:12,900 Daven Michaels: and so on and so forth. And you would still 240 00:13:12,900 --> 00:13:15,120 Daven Michaels: impact the economy because you'd hire a ton of people 241 00:13:15,120 --> 00:13:16,590 Daven Michaels: to help you with a bunch of different stuff and 242 00:13:16,590 --> 00:13:20,429 Daven Michaels: you put a lot of money into the economy. And 243 00:13:20,700 --> 00:13:24,750 Daven Michaels: so I'm involved in a lot of projects here. One 244 00:13:24,750 --> 00:13:29,069 Daven Michaels: of my favorites is I am a member of Partnership 245 00:13:29,070 --> 00:13:31,709 Daven Michaels: for Modern Puerto Rico, which is the think tank that 246 00:13:31,710 --> 00:13:36,310 Daven Michaels: was created by Alberto Barco, who's the former secretary of 247 00:13:36,330 --> 00:13:41,040 Daven Michaels: commerce to Puerto Rico. And he actually, if you came 248 00:13:41,040 --> 00:13:43,770 Daven Michaels: in on our program, Act 20, 22, several years ago, 249 00:13:43,770 --> 00:13:45,570 Daven Michaels: he would have signed the decree because it was he 250 00:13:45,570 --> 00:13:48,960 Daven Michaels: and his regime, if you will, that that ushered in 251 00:13:48,960 --> 00:13:53,189 Daven Michaels: Act 2022. And it has had such a huge impact 252 00:13:53,190 --> 00:13:56,790 Daven Michaels: on the on this island. So many things are happening. 253 00:13:56,790 --> 00:13:58,439 Daven Michaels: I'll give you an example. In this enclave that we 254 00:13:58,440 --> 00:14:01,410 Daven Michaels: all live in, there has not been new development here 255 00:14:01,410 --> 00:14:04,410 Daven Michaels: in two decades, in 20 years, because it was overbuilt 256 00:14:04,410 --> 00:14:09,320 Daven Michaels: in the heyday prior to 2008. Now there's new construction here. Um, 257 00:14:09,600 --> 00:14:12,569 Daven Michaels: and people are benefiting. One of the things that is 258 00:14:12,570 --> 00:14:15,870 Daven Michaels: included in the Act 60 program, not in my decree, 259 00:14:15,870 --> 00:14:19,560 Daven Michaels: but in the current decree is that you have to 260 00:14:19,560 --> 00:14:21,690 Daven Michaels: buy a property within two years. So you can come here, 261 00:14:21,690 --> 00:14:23,400 Daven Michaels: you can rent a place, you can check it out, 262 00:14:23,400 --> 00:14:25,230 Daven Michaels: see if you like it, but eventually you have to 263 00:14:25,230 --> 00:14:27,920 Daven Michaels: buy something that is so great for the economy. You know, 264 00:14:27,930 --> 00:14:32,220 Daven Michaels: it's fantastic. You can see it. You can see things 265 00:14:32,220 --> 00:14:35,700 Daven Michaels: changing here and you can see that there's a lot 266 00:14:35,700 --> 00:14:38,430 Daven Michaels: of collaboration between, you know, people that grew up in 267 00:14:38,430 --> 00:14:43,260 Daven Michaels: Puerto Rico and us transplants. And it's pretty cool to 268 00:14:43,260 --> 00:14:46,470 Daven Michaels: to see it in real time. Um, I happen to 269 00:14:46,470 --> 00:14:50,760 Daven Michaels: be involved with several charitable projects. We gave 1500 toys 270 00:14:50,760 --> 00:14:55,110 Daven Michaels: to the orphans last year. Um, and I'm working on 271 00:14:55,110 --> 00:14:56,580 Daven Michaels: something really cool. Matter of fact, I think we should 272 00:14:56,580 --> 00:14:59,820 Daven Michaels: talk about this. So. Yeah, I think it's making news. 273 00:14:59,820 --> 00:15:00,239 Joel Comm: Here we go. 274 00:15:00,360 --> 00:15:03,210 Daven Michaels: For the big reveal. What's up? So we moved to 275 00:15:03,210 --> 00:15:07,140 Daven Michaels: Puerto Rico five years ago, five months after Maria. We first. 276 00:15:07,380 --> 00:15:09,210 Daven Michaels: And if you don't know what Maria was, it was 277 00:15:09,210 --> 00:15:11,790 Daven Michaels: a once in a hundred year hurricane. There's such a 278 00:15:11,790 --> 00:15:14,880 Daven Michaels: thing as a Cat six. That's what hit Puerto Rico. 279 00:15:14,880 --> 00:15:16,680 Daven Michaels: As a matter of fact, when it came onshore, it 280 00:15:16,680 --> 00:15:20,130 Daven Michaels: came onshore right here, right here in Palmas, Del Mar, 281 00:15:20,130 --> 00:15:24,240 Daven Michaels: right behind me, 210 mile an hour winds. Unbelievable. And 282 00:15:24,240 --> 00:15:27,480 Daven Michaels: it was it was devastating for Puerto Rico. It was interesting, though. 283 00:15:27,480 --> 00:15:31,140 Daven Michaels: I was in a meeting yesterday with Alberto and Luis Lumba, 284 00:15:31,260 --> 00:15:34,680 Daven Michaels: and we were talking and they said, you know, one 285 00:15:34,680 --> 00:15:37,020 Daven Michaels: great thing about Maria is they put us on the 286 00:15:37,020 --> 00:15:41,040 Daven Michaels: global map. People didn't know about Puerto Rico until Maria. Now, 287 00:15:41,040 --> 00:15:43,050 Daven Michaels: a lot of people think that Puerto Rico still doesn't 288 00:15:43,050 --> 00:15:44,970 Daven Michaels: have power and it was knocked out by Maria and 289 00:15:44,970 --> 00:15:47,670 Daven Michaels: that that's not the case at all. But I guess 290 00:15:47,670 --> 00:15:51,210 Daven Michaels: it did draw attention to to Maria. So our two 291 00:15:51,210 --> 00:15:54,000 Daven Michaels: Puerto Rico excuse me. So anyways, when I moved here, 292 00:15:54,000 --> 00:15:58,470 Daven Michaels: nobody was here. The lights were out. Um, and I 293 00:15:58,470 --> 00:16:03,030 Daven Michaels: started a little cigar club. Um, and later it just 294 00:16:03,030 --> 00:16:05,460 Daven Michaels: became a social club. We, you know, cigars were kind 295 00:16:05,460 --> 00:16:08,290 Daven Michaels: of optional. Um, and we would have maybe 5 or 296 00:16:08,290 --> 00:16:10,920 Daven Michaels: 6 people that would show up and we do them 297 00:16:10,920 --> 00:16:14,700 Daven Michaels: once a month. Fast forward five years later, we have 298 00:16:14,700 --> 00:16:17,370 Daven Michaels: almost a thousand people in the San Juan Social Club 299 00:16:17,370 --> 00:16:20,580 Daven Michaels: and we do events once a month, a curated locations 300 00:16:20,580 --> 00:16:23,490 Daven Michaels: across the island. And my whole vision for that, it 301 00:16:23,490 --> 00:16:26,310 Daven Michaels: was not complex at all. It was basically I wanted 302 00:16:26,310 --> 00:16:29,610 Daven Michaels: to bring Puerto Ricans together with transplants, people like us, 303 00:16:29,610 --> 00:16:32,100 Daven Michaels: and just to to have cocktails and break bread and 304 00:16:32,100 --> 00:16:33,780 Daven Michaels: get to know each other and have a dialogue and 305 00:16:33,780 --> 00:16:36,690 Daven Michaels: have fun. And I'll tell you, I would like to 306 00:16:36,690 --> 00:16:39,570 Daven Michaels: take full credit for that inspiration. But actually it was 307 00:16:39,570 --> 00:16:43,080 Daven Michaels: somebody else's. So we used to live in LA and 308 00:16:43,080 --> 00:16:45,150 Daven Michaels: I used to have this friend, Brian and Brian had 309 00:16:45,150 --> 00:16:47,470 Daven Michaels: this networking group and I think it was called like 310 00:16:47,490 --> 00:16:50,820 Daven Michaels: Networking at Night or After Dark or something like that. 311 00:16:50,820 --> 00:16:53,250 Daven Michaels: It was like a happy hour, a thing. And he 312 00:16:53,250 --> 00:16:56,640 Daven Michaels: would really build this as this serious networking group. And 313 00:16:56,640 --> 00:16:58,560 Daven Michaels: we used to make fun of him because what it 314 00:16:58,560 --> 00:17:00,810 Daven Michaels: really was, was a bunch of young professionals getting together 315 00:17:00,900 --> 00:17:03,870 Daven Michaels: to like hook up. I mean, but it was super successful. 316 00:17:03,870 --> 00:17:05,730 Daven Michaels: It was like he would he put it in nightclubs 317 00:17:05,730 --> 00:17:08,730 Daven Michaels: and he'd pack them out and it was great. And 318 00:17:08,730 --> 00:17:11,190 Daven Michaels: we would just poo poo on him. But he was 319 00:17:11,190 --> 00:17:16,050 Daven Michaels: one smart cookie. And. And fast forward decades later, he 320 00:17:16,050 --> 00:17:20,100 Daven Michaels: has the biggest incubator in Los Angeles that was born 321 00:17:20,100 --> 00:17:23,430 Daven Michaels: out of that. And so so I just started doing 322 00:17:23,430 --> 00:17:25,890 Daven Michaels: these events. I didn't charge for him. It's just, you know, 323 00:17:26,400 --> 00:17:29,490 Daven Michaels: fun getting people together, knowing that, you know, it would 324 00:17:29,490 --> 00:17:32,129 Daven Michaels: it would create some cool stuff on the island. So anyways, 325 00:17:32,820 --> 00:17:34,050 Daven Michaels: you know, now we get a lot of people that 326 00:17:34,050 --> 00:17:37,139 Daven Michaels: show up to the events and it's super awesome. And 327 00:17:37,140 --> 00:17:39,629 Daven Michaels: I had another inspiration that I can't take credit for. 328 00:17:39,630 --> 00:17:42,570 Daven Michaels: So Joel, as you know, for the last decade, I've 329 00:17:42,570 --> 00:17:45,149 Daven Michaels: spoken on a cruise called The Marketer's Cruise. You never 330 00:17:45,150 --> 00:17:47,580 Daven Michaels: came along, right? Never try to get you right. Okay. 331 00:17:47,580 --> 00:17:50,220 Daven Michaels: So the marketers Cruise is all the top marketers from 332 00:17:50,220 --> 00:17:51,780 Daven Michaels: all over the world. They get together on a cruise 333 00:17:51,780 --> 00:17:53,760 Daven Michaels: once a year, about 450 of us. And I would 334 00:17:53,760 --> 00:17:56,520 Daven Michaels: speak on that cruise every year. And the byproduct of 335 00:17:56,550 --> 00:17:58,770 Daven Michaels: that was three things. One, I made a lot of 336 00:17:58,770 --> 00:18:02,220 Daven Michaels: money from the deals that I made to all these 337 00:18:02,220 --> 00:18:05,430 Daven Michaels: joint ventures I did with a global audience. They went 338 00:18:05,430 --> 00:18:08,580 Daven Michaels: back to their respective countries and they were thought leaders 339 00:18:08,580 --> 00:18:10,620 Daven Michaels: in those countries and they spread my word and kind 340 00:18:10,619 --> 00:18:13,290 Daven Michaels: of made me a global brand in my space. And 341 00:18:13,290 --> 00:18:17,040 Daven Michaels: then lastly, now it's a decade later. There's not much 342 00:18:17,040 --> 00:18:19,350 Daven Michaels: money for me to be made. I'm already doing business 343 00:18:19,350 --> 00:18:21,780 Daven Michaels: with all of these people. There's a little fresh blood 344 00:18:21,780 --> 00:18:23,790 Daven Michaels: every year, but that's about it. But now we just 345 00:18:23,790 --> 00:18:26,190 Daven Michaels: go every year because now our best friends are there 346 00:18:26,190 --> 00:18:28,109 Daven Michaels: and we know that if we didn't take the cruise, 347 00:18:28,109 --> 00:18:31,500 Daven Michaels: we wouldn't see them. And that's what happens when you 348 00:18:31,500 --> 00:18:35,699 Daven Michaels: have time with people. Time equals depth. The more time 349 00:18:35,700 --> 00:18:37,380 Daven Michaels: you spend with somebody, the more you get to know them, 350 00:18:37,380 --> 00:18:39,570 Daven Michaels: the more money you can make with them, the deeper 351 00:18:39,570 --> 00:18:43,170 Daven Michaels: your friendship and bond becomes. And so I always wanted 352 00:18:43,170 --> 00:18:45,270 Daven Michaels: to do a cruise. But five years ago, as soon 353 00:18:45,270 --> 00:18:46,710 Daven Michaels: as I got to Puerto Rico, I had the idea. 354 00:18:46,710 --> 00:18:50,280 Daven Michaels: But the timing wasn't right. Now, five years later, we 355 00:18:50,280 --> 00:18:53,850 Daven Michaels: are launching the San Juan Social Club cruise. 356 00:18:53,850 --> 00:18:56,010 Joel Comm: Remind me the URL, I'm going to go and pull 357 00:18:56,010 --> 00:18:57,149 Joel Comm: it up so we can show it. 358 00:18:57,150 --> 00:19:02,340 Daven Michaels: Yes. If you go San Juan. Social Cruise. Com. San 359 00:19:02,340 --> 00:19:11,040 Daven Michaels: Juan Social Cruise. Yep. And so the idea behind the 360 00:19:11,040 --> 00:19:13,890 Daven Michaels: San Juan Social Club cruise. It's for residents of Puerto 361 00:19:13,890 --> 00:19:17,129 Daven Michaels: Rico and people that are interested in Puerto Rico that 362 00:19:17,130 --> 00:19:20,790 Daven Michaels: want to network, make friends and learn about all of 363 00:19:21,270 --> 00:19:27,180 Daven Michaels: Puerto Rico's amazing resources, benefits and opportunities and those resources, 364 00:19:27,180 --> 00:19:29,940 Daven Michaels: benefits and opportunities. I kind of put it into three buckets. 365 00:19:29,940 --> 00:19:32,310 Daven Michaels: One is governmental, which is a lot of the stuff 366 00:19:32,310 --> 00:19:36,780 Daven Michaels: that we talked about today. Two is all the cool 367 00:19:36,780 --> 00:19:38,910 Daven Michaels: stuff that guys like you and I are doing all 368 00:19:38,910 --> 00:19:41,940 Daven Michaels: over the island. Things from like investments to like renewable 369 00:19:41,940 --> 00:19:45,750 Daven Michaels: projects to you name it. And then lastly services, all 370 00:19:45,750 --> 00:19:48,899 Daven Michaels: the different services that are offered on the islands, banking services, 371 00:19:48,900 --> 00:19:54,149 Daven Michaels: accounting services, hospitality, different services like that. And so we 372 00:19:54,150 --> 00:19:57,810 Daven Michaels: set sail April 13th of next year. We announced it 373 00:19:57,810 --> 00:20:00,870 Daven Michaels: three weeks ago. We've already had 150 people register and 374 00:20:00,869 --> 00:20:03,060 Daven Michaels: it looks like we're going to cap it at 300. 375 00:20:03,060 --> 00:20:05,490 Daven Michaels: I don't want to, but they don't have enough room 376 00:20:05,790 --> 00:20:07,830 Daven Michaels: on the boat. They don't have an event space big 377 00:20:07,830 --> 00:20:09,600 Daven Michaels: enough for us. So I think we're going to cap 378 00:20:09,690 --> 00:20:14,070 Daven Michaels: it at 300. We are on virgin virgins. Brilliant lady, 379 00:20:14,070 --> 00:20:17,340 Daven Michaels: which is not even in the ocean yet, right? They 380 00:20:17,340 --> 00:20:19,530 Daven Michaels: drop it in December and then Joel and I and 381 00:20:19,530 --> 00:20:21,600 Daven Michaels: a few friends are going to go test it out 382 00:20:21,600 --> 00:20:25,649 Daven Michaels: in February. And then in April we do the big cruise. 383 00:20:25,650 --> 00:20:28,470 Daven Michaels: So we'll be on Virgin's brilliant lady. If you're not, 384 00:20:28,470 --> 00:20:31,230 Daven Michaels: I mean, you've probably heard about Virgin Cruises, but you 385 00:20:31,230 --> 00:20:33,629 Daven Michaels: may not know it's the hottest cruise line on the 386 00:20:33,630 --> 00:20:38,040 Daven Michaels: ocean right now. Everybody is raving about Virgin. It's all adult. 387 00:20:38,430 --> 00:20:40,170 Daven Michaels: It's super fun. 388 00:20:41,280 --> 00:20:44,070 Joel Comm: The ship the ship just looks absolutely beautiful. I've done 389 00:20:44,070 --> 00:20:46,800 Joel Comm: a lot of cruising and I feel like Richard Branson 390 00:20:46,800 --> 00:20:49,800 Joel Comm: is next level. This stuff and this boat is going 391 00:20:49,800 --> 00:20:52,380 Joel Comm: to be sparkly, brand new. And I'm excited because we 392 00:20:52,380 --> 00:20:55,290 Joel Comm: leave from San Juan, which is real fun. So wherever 393 00:20:55,290 --> 00:20:57,510 Joel Comm: you're coming from, you just fly into San Juan, spend 394 00:20:57,510 --> 00:21:00,720 Joel Comm: the night downtown, maybe get a little early, see Old Town, 395 00:21:00,720 --> 00:21:04,080 Joel Comm: San Juan, visit the fortress, right? Do a little touristy stuff, 396 00:21:04,080 --> 00:21:06,240 Joel Comm: and then we take off. We spend a whole day 397 00:21:06,240 --> 00:21:09,899 Joel Comm: at sea on our way to Aruba. Beautiful island. Then 398 00:21:09,900 --> 00:21:13,050 Joel Comm: we bop over to Curacao. I haven't been to Curacao 399 00:21:13,050 --> 00:21:15,420 Joel Comm: since I was a little boy, and I've been wanting 400 00:21:15,420 --> 00:21:18,030 Joel Comm: to go back ever since then because I remember it 401 00:21:18,030 --> 00:21:21,500 Joel Comm: just being a Paradise. And then we're off to Martinique. 402 00:21:21,510 --> 00:21:24,270 Joel Comm: You could practice your France if you want to, and 403 00:21:24,270 --> 00:21:27,900 Joel Comm: then to Saint Kitts and Nevis, where I am also 404 00:21:27,900 --> 00:21:31,560 Joel Comm: a citizen of I'm a saint. And so for me, 405 00:21:31,560 --> 00:21:33,360 Joel Comm: it'll be going home before I go home. 406 00:21:33,600 --> 00:21:35,129 Daven Michaels: I think that's so cool. I think you need to 407 00:21:35,130 --> 00:21:37,770 Daven Michaels: use that passport when you come over. So a few 408 00:21:37,770 --> 00:21:40,980 Daven Michaels: things to note. If you haven't been to Puerto Rico before, 409 00:21:41,340 --> 00:21:43,690 Daven Michaels: come a couple of days early or stay a couple 410 00:21:43,690 --> 00:21:46,020 Daven Michaels: of days late. We're going to be showing everybody around, 411 00:21:46,020 --> 00:21:49,170 Daven Michaels: so it'll just be super fun. I have to tell you, 412 00:21:49,170 --> 00:21:52,950 Daven Michaels: this is so funny, Joel. So 20, 25 years ago, 413 00:21:53,220 --> 00:21:56,010 Daven Michaels: let's see, I measure in girlfriends lives and I've been 414 00:21:56,010 --> 00:21:57,780 Daven Michaels: together 15 years before. 415 00:21:57,780 --> 00:21:58,430 Joel Comm: That in. 416 00:21:58,440 --> 00:22:02,189 Daven Michaels: Girls. So. Yes, 20 years ago. Okay. This was in 417 00:22:02,190 --> 00:22:05,970 Daven Michaels: the Mariana days, 20, 20 years ago. I came to 418 00:22:05,970 --> 00:22:07,960 Daven Michaels: Puerto Rico for the very first time. I'm on a 419 00:22:07,960 --> 00:22:10,090 Daven Michaels: cruise ship. We had a half day here and it 420 00:22:10,090 --> 00:22:13,120 Daven Michaels: was beautiful. I remember I just thought it was so cool. 421 00:22:13,119 --> 00:22:15,250 Daven Michaels: And at one point I was on this balcony and 422 00:22:15,250 --> 00:22:19,540 Daven Michaels: I looked out over Puerto Rico and I said to myself. 423 00:22:20,150 --> 00:22:23,760 Daven Michaels: Who the hell lives in Puerto Rico now? I didn't 424 00:22:23,760 --> 00:22:25,740 Daven Michaels: mean like, who would live here. I just meant who 425 00:22:25,740 --> 00:22:28,199 Daven Michaels: the hell lived here? It wasn't. Yeah, it wasn't on 426 00:22:28,200 --> 00:22:30,300 Daven Michaels: my radar. I think I barely knew it was a 427 00:22:30,300 --> 00:22:33,630 Daven Michaels: part of the US. And now I live in Puerto Rico, 428 00:22:33,630 --> 00:22:35,880 Daven Michaels: and so do you. And I think that's just so 429 00:22:35,880 --> 00:22:38,520 Daven Michaels: cool because I just have fallen in love with Puerto Rico. 430 00:22:38,520 --> 00:22:41,460 Daven Michaels: And the pictures you're seeing right here are of old 431 00:22:41,460 --> 00:22:44,160 Daven Michaels: San Juan, which is the oldest city in the US. 432 00:22:44,609 --> 00:22:47,609 Daven Michaels: It's epic. And so, yeah, you know, come early and 433 00:22:47,609 --> 00:22:48,750 Daven Michaels: check it out. And then the other thing I was 434 00:22:48,750 --> 00:22:52,169 Daven Michaels: going to say on on Curacao, listen, I've been in 435 00:22:52,170 --> 00:22:53,850 Daven Michaels: Curacao a bunch of times. We've been to all these 436 00:22:53,850 --> 00:22:55,770 Daven Michaels: ports a bunch of times. We're going for the people, 437 00:22:55,770 --> 00:23:01,050 Daven Michaels: we're going for the ship. But Curacao is unique because 438 00:23:01,050 --> 00:23:03,930 Daven Michaels: I think it was a former Dutch colony, I believe. 439 00:23:03,930 --> 00:23:06,810 Daven Michaels: And so it looks it looks like that It looks 440 00:23:06,810 --> 00:23:09,750 Daven Michaels: you know, so many of these Caribbean destinations can kind 441 00:23:09,750 --> 00:23:13,080 Daven Michaels: of blend, you know, blend, gel together. Right. They're all 442 00:23:13,080 --> 00:23:15,360 Daven Michaels: beautiful blue beaches and what have you. But Curacao is 443 00:23:15,359 --> 00:23:18,480 Daven Michaels: truly unique. And what's interesting is we have some some 444 00:23:18,480 --> 00:23:22,350 Daven Michaels: really top notch speakers, including Mr. Joel, really, you know, 445 00:23:22,350 --> 00:23:25,230 Daven Michaels: top of their game cutting edge speakers, which I'm very 446 00:23:25,230 --> 00:23:27,480 Daven Michaels: excited about. John Lee Dumas will be joining us, too. 447 00:23:27,480 --> 00:23:31,859 Daven Michaels: We have Alberto Barco, former secretary of economic development for 448 00:23:31,859 --> 00:23:35,850 Daven Michaels: Puerto Rico. Brock Pierce, crypto billionaire Harry Dent, another one 449 00:23:35,850 --> 00:23:40,260 Daven Michaels: of our neighbors prolific. We have Michael Drew, the number 450 00:23:40,260 --> 00:23:42,780 Daven Michaels: one book strategist in the world. Nobody on the planet 451 00:23:42,780 --> 00:23:45,000 Daven Michaels: has more New York Times, USA Today or Wall Street 452 00:23:45,000 --> 00:23:50,369 Daven Michaels: Journal bestsellers like 124 of them. Just unbelievable group. Who 453 00:23:50,369 --> 00:23:51,629 Daven Michaels: else do we have? Let's scroll down. 454 00:23:51,630 --> 00:23:53,399 Joel Comm: Oh, John Lee Dumas is there. 455 00:23:53,490 --> 00:23:55,230 Daven Michaels: Yeah. Oh, and then I was going to tell you this, too. 456 00:23:55,230 --> 00:23:57,480 Daven Michaels: So we have Mr. Joel. We have Jerry Conti. And 457 00:23:57,480 --> 00:23:59,909 Daven Michaels: then this is kind of interesting. So Derek Hogan Camp 458 00:23:59,910 --> 00:24:03,330 Daven Michaels: is a dear friend of mine, lives in Europe and 459 00:24:03,330 --> 00:24:07,800 Daven Michaels: lives in Dubai, but actually grew up in Curacao. He 460 00:24:07,800 --> 00:24:09,659 Daven Michaels: hasn't been back there in forever and now he's going 461 00:24:09,660 --> 00:24:12,359 Daven Michaels: to be back there on the boat. So. Very cool. 462 00:24:12,540 --> 00:24:17,370 Joel Comm: Excellent. Yeah. So, you know, this is the people that 463 00:24:17,369 --> 00:24:21,450 Joel Comm: you're going to be rubbing elbows with on this cruise. 464 00:24:21,869 --> 00:24:24,300 Joel Comm: I don't know where you are. You know, in your life, 465 00:24:24,300 --> 00:24:26,340 Joel Comm: those of you who are listening right now. But if 466 00:24:26,340 --> 00:24:28,859 Joel Comm: you're into crypto, you're going to find crypto people. You're 467 00:24:28,859 --> 00:24:32,609 Joel Comm: going to find a wide swath of interests in the 468 00:24:32,609 --> 00:24:36,320 Joel Comm: blockchain space, in the NFT space, in the metaverse. Yeah. 469 00:24:36,330 --> 00:24:40,320 Joel Comm: In all of this you're going to find high performers 470 00:24:40,320 --> 00:24:44,430 Joel Comm: and you don't know like I'm going to say take 471 00:24:44,430 --> 00:24:48,960 Joel Comm: a risk, get on the boat, reserve your room, get 472 00:24:48,960 --> 00:24:52,440 Joel Comm: on the boat and see what happens. Because any time, 473 00:24:52,440 --> 00:24:55,080 Joel Comm: you know, in my life showing up is been the 474 00:24:55,080 --> 00:24:58,980 Joel Comm: key to success is putting myself out there. And we 475 00:24:58,980 --> 00:25:02,880 Joel Comm: already know there's over 125 people from the San Juan 476 00:25:02,880 --> 00:25:05,940 Joel Comm: Social Club that are going to be there, 150 and 477 00:25:05,980 --> 00:25:09,450 Joel Comm: and more to come. And, you know, and I'll see 478 00:25:09,450 --> 00:25:11,609 Joel Comm: you there. I'll be on the boat. We'll say, hey, 479 00:25:11,850 --> 00:25:14,160 Joel Comm: I'm on my way to, you know, to the pool. 480 00:25:14,190 --> 00:25:18,450 Daven Michaels: Exactly. Hey, um, I was going to say to, um, 481 00:25:19,109 --> 00:25:21,240 Daven Michaels: I can honestly say and I'm sure that you can 482 00:25:21,240 --> 00:25:24,600 Daven Michaels: say this to all of your for me, it's all 483 00:25:24,600 --> 00:25:28,470 Daven Michaels: but at least some of your best connections always come 484 00:25:28,470 --> 00:25:32,459 Daven Michaels: from events, right? My best connections, my best amigos, my, my, 485 00:25:32,460 --> 00:25:35,640 Daven Michaels: my highest yielding business contacts. They all came from events. 486 00:25:35,760 --> 00:25:37,980 Daven Michaels: But now if you go from one day or two 487 00:25:37,980 --> 00:25:40,560 Daven Michaels: day or three day event to a one week long event, 488 00:25:40,560 --> 00:25:43,200 Daven Michaels: then you really go deep and the benefits are huge. 489 00:25:43,470 --> 00:25:45,000 Daven Michaels: We're going to we are definitely going to have some 490 00:25:45,000 --> 00:25:48,119 Daven Michaels: crypto celebrities. I did want to kind of tell you 491 00:25:48,119 --> 00:25:50,310 Daven Michaels: guys a little bit about, you know, what's involved and 492 00:25:50,310 --> 00:25:55,469 Daven Michaels: what have you. So it's super easily $300, you know, 493 00:25:55,470 --> 00:25:57,510 Daven Michaels: locks in your crew. So basically you put down a 494 00:25:57,510 --> 00:26:02,219 Daven Michaels: $300 deposit per person, everything's double occupancy and then we 495 00:26:02,220 --> 00:26:04,169 Daven Michaels: collect the rest of the money, or Virgin collects the 496 00:26:04,170 --> 00:26:06,540 Daven Michaels: rest of the money from you throughout the course of 497 00:26:06,540 --> 00:26:11,820 Daven Michaels: the year until December 1st. And then we've negotiated some 498 00:26:11,820 --> 00:26:16,530 Daven Michaels: great perks for you. So number one, $600 on board, 499 00:26:16,530 --> 00:26:20,220 Daven Michaels: carbon credit for cocktails. And by the way, virgins cocktails 500 00:26:20,220 --> 00:26:23,970 Daven Michaels: are super awesome and super inexpensive. Like they're doing this 501 00:26:23,970 --> 00:26:26,730 Daven Michaels: totally different now. I think a beer is $5, a 502 00:26:26,730 --> 00:26:29,640 Daven Michaels: cocktail is $9, which is like half the price of 503 00:26:29,880 --> 00:26:33,409 Daven Michaels: like a Carnival cruise ship or something. So very cool. Um, 504 00:26:33,690 --> 00:26:40,380 Daven Michaels: so we negotiated $600 cabin credit. In addition to that, your, your, 505 00:26:40,380 --> 00:26:43,590 Daven Michaels: your single fee is going to cover your port taxes, 506 00:26:43,859 --> 00:26:50,100 Daven Michaels: your your tips, everything essentially. And if you book this 507 00:26:50,100 --> 00:26:53,130 Daven Michaels: week when you see this podcast will give you an 508 00:26:53,130 --> 00:26:56,730 Daven Michaels: extra $100 credit as well. So it just makes it 509 00:26:56,730 --> 00:27:01,679 Daven Michaels: so unbelievably reasonable. Also, if you're thinking of coming solo, 510 00:27:01,680 --> 00:27:05,250 Daven Michaels: not a problem, you just simply put in on your guest, 511 00:27:05,250 --> 00:27:08,939 Daven Michaels: you put TBD and then you have some options. You 512 00:27:08,940 --> 00:27:11,850 Daven Michaels: have until December to figure out who's going to go 513 00:27:11,850 --> 00:27:14,429 Daven Michaels: with you. You can replace a person like if you 514 00:27:14,430 --> 00:27:16,619 Daven Michaels: want to put somebody in temporarily, we can change it up. 515 00:27:16,619 --> 00:27:19,470 Daven Michaels: Not a big deal. Or you can have us help 516 00:27:19,470 --> 00:27:21,030 Daven Michaels: you find a roomie and that's no problem at all. 517 00:27:21,030 --> 00:27:23,200 Daven Michaels: We're getting plenty of room. We. Us and we have 518 00:27:23,200 --> 00:27:26,470 Daven Michaels: until December to do that. So it's no big deal 519 00:27:26,470 --> 00:27:27,010 Daven Michaels: at all. 520 00:27:27,010 --> 00:27:29,380 Joel Comm: So, you know, a lot of the the rooms on 521 00:27:29,380 --> 00:27:34,150 Joel Comm: cruise ships are small or dated. This is a brand 522 00:27:34,150 --> 00:27:36,850 Joel Comm: new boat. And for those of you that are watching 523 00:27:36,850 --> 00:27:41,619 Joel Comm: the the video version of this, the the suites, they're 524 00:27:41,619 --> 00:27:45,280 Joel Comm: really beautiful. They're they're great rooms. And this is you know, 525 00:27:45,280 --> 00:27:49,510 Joel Comm: we're we are doing the very same cruise twice you 526 00:27:49,510 --> 00:27:52,870 Joel Comm: and I are. Yeah. And I have no qualms with 527 00:27:52,869 --> 00:27:55,600 Joel Comm: that because I feel like we're just going to be 528 00:27:55,600 --> 00:27:59,050 Joel Comm: cruising in style. And how long do people have to 529 00:27:59,080 --> 00:28:01,540 Joel Comm: to put down their deposit and book to be sure 530 00:28:01,540 --> 00:28:03,189 Joel Comm: they can get get all the perks? 531 00:28:03,190 --> 00:28:05,080 Daven Michaels: Yeah, we have a little time, but you want to 532 00:28:05,080 --> 00:28:07,270 Daven Michaels: take advantage of the perks and jump in now to 533 00:28:07,270 --> 00:28:10,000 Daven Michaels: lock into reservation. We will sell out soon if you 534 00:28:10,000 --> 00:28:12,190 Daven Michaels: want to get the extra $100 credit on top of 535 00:28:12,190 --> 00:28:18,520 Daven Michaels: the $600, then the time to do this is now. Um, and, um. Yeah, 536 00:28:18,550 --> 00:28:21,970 Daven Michaels: I mean, it's super, super exciting. By the way, if 537 00:28:21,970 --> 00:28:25,090 Daven Michaels: you happen to be foodies, um, Virgin does things a 538 00:28:25,090 --> 00:28:29,739 Daven Michaels: little bit differently. So normally you have, um, you know, 539 00:28:29,740 --> 00:28:33,330 Daven Michaels: like a big dinner room, if you will, like a 540 00:28:33,700 --> 00:28:38,630 Daven Michaels: what's the word I'm thinking of? Whatever, an assembly place 541 00:28:38,630 --> 00:28:41,660 Daven Michaels: for dinner. And then there's usually. Dining room. Dining room. 542 00:28:41,670 --> 00:28:45,140 Daven Michaels: Thank you. Um, brain fart. But then there's also usually 543 00:28:45,320 --> 00:28:48,200 Daven Michaels: a couple of specialty restaurants. Virgin's totally different. They have 544 00:28:48,200 --> 00:28:51,680 Daven Michaels: no dining room. It's all restaurants, and they're all Michelin 545 00:28:51,680 --> 00:28:55,220 Daven Michaels: star inspired menus. So if you're a foodie, yum, yum. 546 00:28:55,220 --> 00:28:57,380 Daven Michaels: And if you like to drink, you got a big 547 00:28:57,380 --> 00:29:00,020 Daven Michaels: fat credit that will cover basically all the drinks you're 548 00:29:00,020 --> 00:29:00,440 Daven Michaels: going to want. 549 00:29:00,590 --> 00:29:02,880 Joel Comm: And no kids on the cruise. 550 00:29:02,900 --> 00:29:05,030 Daven Michaels: Okay. It's no kids. And we know for some of you, 551 00:29:05,030 --> 00:29:07,520 Daven Michaels: you know, that that could be a deal killer. And. 552 00:29:08,060 --> 00:29:10,310 Joel Comm: You know, you put them off on grandma and grandpa 553 00:29:10,310 --> 00:29:13,070 Joel Comm: for the week. I mean, that's what they love that 554 00:29:13,070 --> 00:29:15,560 Joel Comm: That's what we did with our little. Right. 555 00:29:15,560 --> 00:29:16,310 Daven Michaels: Exactly. 556 00:29:16,310 --> 00:29:19,040 Joel Comm: Exactly. So there you go. The links are in the 557 00:29:19,040 --> 00:29:21,170 Joel Comm: show notes for everything. Yeah. One last thing. 558 00:29:21,440 --> 00:29:25,370 Daven Michaels: When you when you book, there's a little dropdown who 559 00:29:25,370 --> 00:29:29,370 Daven Michaels: referred to you and just click on bad crypto or comm. 560 00:29:29,690 --> 00:29:30,620 Joel Comm: Okay, great. 561 00:29:30,770 --> 00:29:32,300 Daven Michaels: And that way we can make sure that we put 562 00:29:32,300 --> 00:29:34,940 Daven Michaels: everyone kind of in the same cool kids area and 563 00:29:34,940 --> 00:29:36,170 Daven Michaels: we'll have everything all set. 564 00:29:37,000 --> 00:29:40,940 Joel Comm: Uh, excellent. I was So that will be in the 565 00:29:40,940 --> 00:29:43,850 Joel Comm: booking process. That's where they do that. So yeah, just, 566 00:29:43,850 --> 00:29:45,800 Joel Comm: I think it's in my name. So just. 567 00:29:45,800 --> 00:29:47,480 Daven Michaels: Just look, I put both on there. 568 00:29:47,480 --> 00:29:51,979 Joel Comm: Okay? So either one, we'll do the trick. And those 569 00:29:51,980 --> 00:29:54,710 Joel Comm: of you that are bad kryptonians that end up joining, 570 00:29:54,710 --> 00:29:58,090 Joel Comm: you know what? We'll probably set aside a little happy hour. Yeah. 571 00:29:58,100 --> 00:29:58,580 Joel Comm: For us. I think. 572 00:29:58,580 --> 00:30:00,020 Daven Michaels: We should. I think we should. 573 00:30:00,020 --> 00:30:02,570 Joel Comm: Hang out together and get to know you guys a 574 00:30:02,570 --> 00:30:03,140 Joel Comm: little bit and that'll. 575 00:30:03,140 --> 00:30:05,030 Daven Michaels: Be. I think that's a great idea. How cool is that? 576 00:30:05,030 --> 00:30:09,290 Daven Michaels: You get to hang out with Joel. Calm. Hello. That's awesome. 577 00:30:09,290 --> 00:30:11,510 Daven Michaels: I mean, I get to hang out with Joe all 578 00:30:11,510 --> 00:30:14,210 Daven Michaels: the time. I'm spoiled, but, you know, you probably don't 579 00:30:14,210 --> 00:30:16,370 Daven Michaels: get to if you're just a or if you're a 580 00:30:16,370 --> 00:30:17,270 Daven Michaels: listener on the podcast. 581 00:30:17,270 --> 00:30:21,200 Joel Comm: But now on the high seas, maybe ya we be pirates. 582 00:30:21,200 --> 00:30:25,190 Joel Comm: So Devin, one of the reasons that, you know, I 583 00:30:25,190 --> 00:30:28,220 Joel Comm: got into crypto, which we went into length in the 584 00:30:28,220 --> 00:30:30,860 Joel Comm: previous interview three years ago, was because you were the 585 00:30:30,860 --> 00:30:34,370 Joel Comm: final nudge, you kind of pushed me over the edge 586 00:30:34,370 --> 00:30:39,740 Joel Comm: back in spring of 2017, and it was through you 587 00:30:39,740 --> 00:30:43,280 Joel Comm: that I finally took the leap. And so you are 588 00:30:43,280 --> 00:30:46,970 Joel Comm: a big crypto guy and I want to know your 589 00:30:46,970 --> 00:30:49,040 Joel Comm: take the lay of the land right now. You know, 590 00:30:49,040 --> 00:30:54,140 Joel Comm: time stamp this. It's mid-August 2023. Bitcoin has been hovering 591 00:30:54,140 --> 00:30:58,670 Joel Comm: in the 29,000 realm. The SEC is coming down hard 592 00:30:58,670 --> 00:31:01,790 Joel Comm: on everything they can throw mud at. How do you 593 00:31:01,790 --> 00:31:05,480 Joel Comm: see this all fleshing out? And do you believe personally 594 00:31:05,480 --> 00:31:09,140 Joel Comm: enough financial advice that 2024 is going to be the 595 00:31:09,140 --> 00:31:12,050 Joel Comm: bull run that puts us on the same cycle that 596 00:31:12,050 --> 00:31:13,220 Joel Comm: we've always seen? 597 00:31:14,200 --> 00:31:17,080 Daven Michaels: Boy, that's a really great question. And I would honestly 598 00:31:17,080 --> 00:31:21,140 Daven Michaels: say that my crystal ball is a little murky. But, um, 599 00:31:21,820 --> 00:31:27,850 Daven Michaels: the consensus with the people who know is that the, 600 00:31:27,850 --> 00:31:33,850 Daven Michaels: the this bear period is over. Um, and obviously the 601 00:31:33,850 --> 00:31:40,510 Daven Michaels: number one driving force is, is BlackRock, right? And so 602 00:31:40,510 --> 00:31:45,040 Daven Michaels: you're going to see a insane amount of money flood 603 00:31:45,050 --> 00:31:49,180 Daven Michaels: into the market. So, you know, it seems like, um, 604 00:31:49,690 --> 00:31:53,800 Daven Michaels: you know, we should be back moving again. Um, I 605 00:31:53,800 --> 00:31:57,430 Daven Michaels: think it's enough to move the needle. It should be, um, 606 00:31:58,030 --> 00:32:01,570 Daven Michaels: you know, I looked at like this, um, during the 607 00:32:01,570 --> 00:32:07,720 Daven Michaels: last bear market. What. What brought us back was a 608 00:32:07,720 --> 00:32:13,270 Daven Michaels: few things. It was Michael Saylor, PayPal and Elon Musk. 609 00:32:13,600 --> 00:32:16,750 Daven Michaels: So when we went into this last bear phase, I 610 00:32:16,750 --> 00:32:19,330 Daven Michaels: was like, What? How are you going to top that? 611 00:32:19,480 --> 00:32:24,070 Daven Michaels: You know, but, but BlackRock ETFs that would do that 612 00:32:24,370 --> 00:32:25,450 Daven Michaels: mainstream adoption. 613 00:32:25,450 --> 00:32:27,960 Joel Comm: That's, you know. Right. What we're looking for. 614 00:32:27,970 --> 00:32:31,150 Daven Michaels: Yeah. Yeah. So it I thought this bear market would 615 00:32:31,150 --> 00:32:34,570 Daven Michaels: be a lot longer. I really did. So you know 616 00:32:34,810 --> 00:32:37,540 Daven Michaels: they're not been these most recent announcements I would have 617 00:32:37,540 --> 00:32:41,440 Daven Michaels: said you know maybe maybe years still but I think 618 00:32:41,440 --> 00:32:44,800 Daven Michaels: the odds are pretty good that we could be back 619 00:32:44,800 --> 00:32:48,130 Daven Michaels: in business in 2024. Yeah, I would agree. 620 00:32:48,220 --> 00:32:50,890 Joel Comm: Let's go. We're all hanging on. So another reason to 621 00:32:50,890 --> 00:32:53,940 Joel Comm: get on the cruise, to prep yourself, to make some connections, 622 00:32:53,980 --> 00:32:55,900 Joel Comm: meet some people that'll help. 623 00:32:56,050 --> 00:33:00,130 Daven Michaels: These are movers and shakers. People, people on the inside. Yeah, absolutely. So, 624 00:33:00,130 --> 00:33:02,500 Daven Michaels: I mean, and you you guys may not know this, 625 00:33:02,500 --> 00:33:06,040 Daven Michaels: but they call Puerto Rico crypto Rico because the US 626 00:33:06,040 --> 00:33:10,330 Daven Michaels: crypto guys and gals came down here because you know, 627 00:33:10,420 --> 00:33:12,310 Daven Michaels: they make a lot of money in the crypto space. 628 00:33:12,310 --> 00:33:15,040 Joel Comm: So and this is how, you know, we've managed to 629 00:33:15,040 --> 00:33:20,790 Joel Comm: legally pay far less taxes. I mean, it's almost a negligible, 630 00:33:21,060 --> 00:33:25,630 Joel Comm: a negligible amount legally, folks, legally. And once you stop 631 00:33:25,630 --> 00:33:31,870 Joel Comm: paying 30, 35%, 40% in income taxes, the magic of 632 00:33:31,870 --> 00:33:36,640 Joel Comm: compounding is really something amazing. That's when you really start 633 00:33:36,640 --> 00:33:37,300 Joel Comm: to see it. 634 00:33:37,300 --> 00:33:39,790 Daven Michaels: Yeah. And you know, you have more money for whatever 635 00:33:39,790 --> 00:33:43,120 Daven Michaels: you want in your life. I find that money intensifies everything. 636 00:33:43,120 --> 00:33:47,080 Daven Michaels: So if you're a good person, if you're philanthropic, you're 637 00:33:47,080 --> 00:33:49,240 Daven Michaels: going to be more philanthropic. And I know I certainly 638 00:33:49,240 --> 00:33:51,710 Daven Michaels: am here. I mean, I give a lot of money. 639 00:33:51,740 --> 00:33:53,950 Daven Michaels: We're doing a lot of things. And and it's great. 640 00:33:53,950 --> 00:33:56,380 Daven Michaels: It's a great feeling. So that's pretty cool. 641 00:33:56,590 --> 00:33:59,710 Joel Comm: Excellent. Well, Devin, thanks for for coming on today. Really 642 00:33:59,710 --> 00:34:03,070 Joel Comm: encourage you guys to to go to the website for 643 00:34:03,070 --> 00:34:05,860 Joel Comm: the San Juan Social cruise if you just go to 644 00:34:05,860 --> 00:34:09,250 Joel Comm: San Juan Social cruise is that right? 645 00:34:09,250 --> 00:34:10,180 Daven Michaels: Yeah that one's fine. 646 00:34:10,180 --> 00:34:13,210 Joel Comm: Then you can get there also SJ Social Club will 647 00:34:13,210 --> 00:34:15,130 Joel Comm: get you there. The links are in the show notes 648 00:34:15,130 --> 00:34:18,340 Joel Comm: for this episode and probably under the videos if you're 649 00:34:18,340 --> 00:34:24,340 Joel Comm: watching there. Bad code and for forward slash 693 is 650 00:34:24,340 --> 00:34:26,650 Joel Comm: what it's going to be all about. On our next episode, 651 00:34:27,010 --> 00:34:30,850 Joel Comm: Travis Wright will be back. He is doing some globetrotting 652 00:34:30,850 --> 00:34:33,670 Joel Comm: trotting the globe and I might be somewhere else in 653 00:34:33,670 --> 00:34:36,040 Joel Comm: the world as well. But that's the beauty of, you know, 654 00:34:36,040 --> 00:34:39,610 Joel Comm: podcasting is you can do from wherever you are. 655 00:34:40,510 --> 00:34:43,509 Daven Michaels: Awesome. Awesome. Joel Thanks so much for having me, Amiga. 656 00:34:43,630 --> 00:34:46,660 Joel Comm: Absolutely. And I almost called you Travis. I did call 657 00:34:46,660 --> 00:34:49,300 Joel Comm: you Travis. Gavin, Do you know how we end the show? 658 00:34:49,540 --> 00:34:50,890 Joel Comm: You know how we end the show. 659 00:34:51,190 --> 00:34:54,040 Daven Michaels: I guess. Stay back. 660 00:34:54,430 --> 00:34:56,470 S4: Oh, that's it. Bad. 661 00:35:14,280 --> 00:35:15,060 S5: Who's bad? 662 00:35:16,640 --> 00:35:20,420 Joel Comm: The Bad Crypto podcast is a production of Bad Crypto LLC. 663 00:35:20,450 --> 00:35:23,300 Joel Comm: The content of the show, the videos and the website 664 00:35:23,300 --> 00:35:27,440 Joel Comm: is provided for educational, informational and entertainment purposes only. It's 665 00:35:27,440 --> 00:35:31,340 Joel Comm: not intended to be and does not constitute financial investment 666 00:35:31,340 --> 00:35:34,400 Joel Comm: or trading advice of any kind. You shouldn't make any 667 00:35:34,400 --> 00:35:38,030 Joel Comm: decisions as to finances, investing, trading or anything else based 668 00:35:38,030 --> 00:35:42,560 Joel Comm: on this information without undertaking independent due diligence and consultation 669 00:35:42,560 --> 00:35:45,980 Joel Comm: with a professional financial advisor, Please understand that the trading 670 00:35:45,980 --> 00:35:51,050 Joel Comm: of bitcoins and alternative cryptocurrencies have potential risks involved. Anyone 671 00:35:51,050 --> 00:35:53,450 Joel Comm: wishing to invest in any of the currencies or tokens 672 00:35:53,450 --> 00:35:56,810 Joel Comm: mentioned on this podcast should first seek their own independent 673 00:35:56,810 --> 00:35:58,880 Joel Comm: professional financial advisor.