1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,800 --> 00:00:14,080 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to save, plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,840 --> 00:00:35,479 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,520 --> 00:00:38,760 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,159 --> 00:00:41,360 Speaker 1: National Association Member FDIC. 13 00:00:43,479 --> 00:00:45,280 Speaker 2: I don't know what the hell is going on with 14 00:00:45,360 --> 00:00:47,239 Speaker 2: some of these quotes that people will give you on 15 00:00:47,320 --> 00:00:50,720 Speaker 2: certain projects, but you really have to shop contractors right 16 00:00:50,760 --> 00:00:53,360 Speaker 2: now because some people are just adding tax on type 17 00:00:53,400 --> 00:00:55,760 Speaker 2: of tax on type of tax just because they think 18 00:00:55,800 --> 00:00:57,800 Speaker 2: Trump is going to add the tax, or they're adding 19 00:00:57,880 --> 00:01:01,000 Speaker 2: it right now before us even in play. So get 20 00:01:01,040 --> 00:01:04,440 Speaker 2: three or four quotes and do not be afraid to negotiate. 21 00:01:05,040 --> 00:01:07,640 Speaker 2: You have to negotiate everything, and you have to use 22 00:01:07,680 --> 00:01:10,440 Speaker 2: tools like AI, like, I know one thing that I 23 00:01:10,480 --> 00:01:14,240 Speaker 2: do when I get a quote, now, I upload that 24 00:01:14,319 --> 00:01:16,120 Speaker 2: quote into my chat EVT. 25 00:01:16,080 --> 00:01:18,000 Speaker 3: Yeah, I've done. I did that before I did that 26 00:01:18,640 --> 00:01:24,240 Speaker 3: the water water uh bacent thing and I detailed the 27 00:01:24,280 --> 00:01:26,039 Speaker 3: whole thing, and I said, I gave it the chant. 28 00:01:26,040 --> 00:01:27,800 Speaker 3: I'm like, how do you feeling that? It gave me 29 00:01:27,840 --> 00:01:30,319 Speaker 3: an estimate of what it should it should be on 30 00:01:30,400 --> 00:01:34,040 Speaker 3: the low end, on on average, yep, and on high. 31 00:01:34,120 --> 00:01:35,960 Speaker 2: It tells you everything and if you're in the more 32 00:01:36,040 --> 00:01:39,240 Speaker 2: details you put into it, the better if you and 33 00:01:39,480 --> 00:01:43,040 Speaker 2: even if you put pictures like what I've done, I'll 34 00:01:43,080 --> 00:01:47,120 Speaker 2: put pictures of like what I'm looking to do and 35 00:01:47,400 --> 00:01:50,240 Speaker 2: really break it down, and then it will give you, 36 00:01:50,320 --> 00:01:55,280 Speaker 2: like Rashad said, low, high, middle, and then also asks hop, okay, 37 00:01:55,320 --> 00:01:57,520 Speaker 2: who are the companies in this area that I should 38 00:01:57,520 --> 00:01:59,480 Speaker 2: be talking to? And they will give you, give me 39 00:01:59,520 --> 00:02:02,880 Speaker 2: the top ten companies right that got the best reviews, 40 00:02:03,280 --> 00:02:05,720 Speaker 2: you know, et cetera, et cetera, and then it'll give 41 00:02:05,800 --> 00:02:08,560 Speaker 2: you all these companies right. So you have to use 42 00:02:08,600 --> 00:02:11,440 Speaker 2: the AI and the technology that's out here available to 43 00:02:11,520 --> 00:02:13,600 Speaker 2: help you do your due diligence, to help you research, 44 00:02:13,600 --> 00:02:16,040 Speaker 2: because let's face it, we don't know everything, like I 45 00:02:16,080 --> 00:02:18,320 Speaker 2: don't know everything about construction, So I got to use 46 00:02:18,400 --> 00:02:21,880 Speaker 2: the tools that's in front of me to get the information. 47 00:02:22,000 --> 00:02:25,840 Speaker 2: So now when I'm when I'm interviewing these contractors, I 48 00:02:25,880 --> 00:02:28,480 Speaker 2: can have an intelligent conversation because I already have my 49 00:02:28,600 --> 00:02:32,679 Speaker 2: questions already pre written, so to speak with that information. 50 00:02:32,800 --> 00:02:36,440 Speaker 2: So the due diligence process, especially in twenty twenty five 51 00:02:36,440 --> 00:02:38,799 Speaker 2: point into twenty twenty six, with all this volatility in 52 00:02:38,800 --> 00:02:41,919 Speaker 2: the market, you have to you have to really dig deep. 53 00:02:42,639 --> 00:02:44,280 Speaker 2: And that's why I'm really excited to hear you talk 54 00:02:44,320 --> 00:02:46,680 Speaker 2: about China because I've been speaking to the China people. 55 00:02:47,200 --> 00:02:50,000 Speaker 2: Rashad and I had a call last night, matter of fact, 56 00:02:50,000 --> 00:02:54,960 Speaker 2: with Blair, and the prices are just absolutely phenomenal. Some 57 00:02:55,040 --> 00:02:57,040 Speaker 2: of the shit that they are telling me right now, 58 00:02:57,240 --> 00:03:02,440 Speaker 2: I have deposit asap, like let's go right now because 59 00:03:02,520 --> 00:03:05,640 Speaker 2: this is incredible. So but that's later on the show. 60 00:03:05,720 --> 00:03:09,320 Speaker 2: But I had to do that in there. But you 61 00:03:09,440 --> 00:03:11,240 Speaker 2: have to do your due dealer jends and you might 62 00:03:11,280 --> 00:03:12,960 Speaker 2: have to do with y'all than to fly out the 63 00:03:12,960 --> 00:03:15,560 Speaker 2: country to go check out thanks for yourself to get 64 00:03:15,680 --> 00:03:16,760 Speaker 2: better pricing. 65 00:03:17,040 --> 00:03:21,000 Speaker 1: Or maybe you could just watch what he's done. 66 00:03:20,040 --> 00:03:21,720 Speaker 3: He did it for you. 67 00:03:21,840 --> 00:03:23,600 Speaker 2: My notifications are on. 68 00:03:25,360 --> 00:03:28,679 Speaker 1: I don't know about y'all, like community service. 69 00:03:29,200 --> 00:03:31,120 Speaker 2: Like this is like first of a kudos to you 70 00:03:31,160 --> 00:03:33,040 Speaker 2: with Sea, but that because when you told us about this, 71 00:03:33,160 --> 00:03:35,200 Speaker 2: like what was this like in the April, we had 72 00:03:35,240 --> 00:03:37,440 Speaker 2: that call, you say, yo, I'm going to China for this, 73 00:03:37,520 --> 00:03:39,520 Speaker 2: that and the third and I was like, all right, 74 00:03:39,560 --> 00:03:42,280 Speaker 2: this is gonna sound good. Time the tie he's gonna 75 00:03:42,320 --> 00:03:42,800 Speaker 2: document it. 76 00:03:42,840 --> 00:03:43,400 Speaker 3: Shout out. 77 00:03:45,080 --> 00:03:46,760 Speaker 2: Y'all, shot the time. 78 00:03:47,680 --> 00:03:49,080 Speaker 3: He did a great job. Well you know the thing 79 00:03:49,120 --> 00:03:53,680 Speaker 3: about it too, because you brought it up. I think people, okay, 80 00:03:53,720 --> 00:03:56,120 Speaker 3: there's two people that can benefit from this China play. 81 00:03:56,720 --> 00:04:00,520 Speaker 3: People that are building a home, furnishing a home, but 82 00:04:00,560 --> 00:04:04,040 Speaker 3: then also real estate developers like if you if you're 83 00:04:04,040 --> 00:04:06,280 Speaker 3: in the if you are a real estate developer. One 84 00:04:06,320 --> 00:04:08,360 Speaker 3: of our friends that's actually developing real estate, he's going 85 00:04:08,400 --> 00:04:12,040 Speaker 3: out there today. I think if you're a real estate developer, 86 00:04:12,080 --> 00:04:13,520 Speaker 3: I think you really need to tie in with this 87 00:04:13,600 --> 00:04:16,960 Speaker 3: because depending on what type of development you're doing, you 88 00:04:17,360 --> 00:04:25,880 Speaker 3: can you can get mass items for cheaper like and 89 00:04:25,920 --> 00:04:28,240 Speaker 3: that's important because you got to figure if you if 90 00:04:28,279 --> 00:04:31,920 Speaker 3: you're developing let's say a sub unit and you're building 91 00:04:32,040 --> 00:04:34,960 Speaker 3: you know, six homes, right, and you got to put 92 00:04:35,000 --> 00:04:37,880 Speaker 3: in six kitchens into those homes. So you might want 93 00:04:37,880 --> 00:04:40,360 Speaker 3: to just do the basic kitchen like you know from 94 00:04:40,400 --> 00:04:43,000 Speaker 3: home depot. But depending on what neighborhood you you're building 95 00:04:43,040 --> 00:04:46,520 Speaker 3: a home, and that might not necessarily fly or that 96 00:04:46,600 --> 00:04:48,840 Speaker 3: might lower the value of the home. Right, you might 97 00:04:48,880 --> 00:04:50,800 Speaker 3: have to go a little bit higher in on your 98 00:04:50,800 --> 00:04:53,080 Speaker 3: on your kitchen. But if you go you know, like 99 00:04:53,120 --> 00:04:54,480 Speaker 3: the kitchen is probably going to be one of the 100 00:04:54,520 --> 00:04:57,720 Speaker 3: most expensive items in the house, kitchen in the bathroom. Right, 101 00:04:57,839 --> 00:05:04,760 Speaker 3: So you've saved let's say you save thirty forty fifty 102 00:05:02,800 --> 00:05:07,680 Speaker 3: percent times that times five, you're going to have a 103 00:05:07,720 --> 00:05:10,720 Speaker 3: substantial savings. What does that do? That adds more profit 104 00:05:10,800 --> 00:05:13,040 Speaker 3: to you? The more money you say, because you can 105 00:05:13,080 --> 00:05:15,080 Speaker 3: still charge the same amount of money for the house. Right, 106 00:05:15,480 --> 00:05:18,000 Speaker 3: It's like you haven't compromised the quality of the home. 107 00:05:18,440 --> 00:05:21,360 Speaker 3: So if you if you're like, I probably saved three 108 00:05:21,400 --> 00:05:24,760 Speaker 3: hundred thousand dollars, right, but I'm I'm a home I'm 109 00:05:24,800 --> 00:05:28,880 Speaker 3: just a home owner. If I'm a home developer, now 110 00:05:29,360 --> 00:05:34,120 Speaker 3: times that times six seven, But then I'm still selling 111 00:05:34,120 --> 00:05:37,800 Speaker 3: at market rate. So now you just made yourself two 112 00:05:37,839 --> 00:05:46,000 Speaker 3: million dollars by executing smartly right, So and it's maybe 113 00:05:46,000 --> 00:05:47,600 Speaker 3: it's something that we can talk about and invest fest. 114 00:05:47,839 --> 00:05:50,400 Speaker 3: Let us know in chat, let us know and chat 115 00:05:50,480 --> 00:05:54,000 Speaker 3: if you're interested in it and having a panel about 116 00:05:55,279 --> 00:05:59,240 Speaker 3: the whole China player in its entirety, and invest fast 117 00:05:59,279 --> 00:06:00,880 Speaker 3: because I being a lot of d MS and a 118 00:06:00,920 --> 00:06:03,279 Speaker 3: lot of people you know, been following the journey. So 119 00:06:03,839 --> 00:06:05,960 Speaker 3: you know, maybe that's something that we can really add 120 00:06:06,000 --> 00:06:10,640 Speaker 3: to the investments portfolio per se. But I do think 121 00:06:10,720 --> 00:06:12,640 Speaker 3: that you can death and you don't have to go 122 00:06:12,680 --> 00:06:14,800 Speaker 3: out there like even you like you know what I'm saying, 123 00:06:14,839 --> 00:06:17,080 Speaker 3: Like you you're talking to like that's the good thing, 124 00:06:17,120 --> 00:06:19,000 Speaker 3: but you got to know you gotta work with somebody 125 00:06:19,000 --> 00:06:24,840 Speaker 3: already there because they're not all the same. That's important 126 00:06:24,839 --> 00:06:26,560 Speaker 3: for people to know, Like you just can't show up 127 00:06:26,560 --> 00:06:31,080 Speaker 3: in China and just be like I'm here. You can 128 00:06:31,360 --> 00:06:34,520 Speaker 3: you technically can because it's like you know, the area 129 00:06:34,520 --> 00:06:40,360 Speaker 3: of Foolshrong that that's manufacturing heaven and they do everything 130 00:06:40,480 --> 00:06:47,400 Speaker 3: from clothes to hair bundles, press on nails, anything that 131 00:06:47,440 --> 00:06:51,159 Speaker 3: you think of they manufacture. So you can go electronics, 132 00:06:51,240 --> 00:06:54,400 Speaker 3: you can go and just Stumble and you can get 133 00:06:55,040 --> 00:06:56,920 Speaker 3: still probably a better price than you're paying in America. 134 00:06:56,960 --> 00:07:00,760 Speaker 3: But if you really really want to get like because 135 00:07:01,839 --> 00:07:06,040 Speaker 3: each like, for instance, my kitchen and in closet, I 136 00:07:06,080 --> 00:07:10,400 Speaker 3: want to restore that specializes in just kitchens and closets, right, 137 00:07:11,120 --> 00:07:12,840 Speaker 3: and the prices was so good. I asked them if 138 00:07:12,880 --> 00:07:15,040 Speaker 3: they could do everything, but they're like, we really can't 139 00:07:15,040 --> 00:07:18,280 Speaker 3: because we only specialize in kitchens and closets. So I 140 00:07:18,320 --> 00:07:22,120 Speaker 3: went to like six different stores to put it all together. 141 00:07:23,520 --> 00:07:27,120 Speaker 3: But it's worth it, but you got to have somebody 142 00:07:27,160 --> 00:07:29,520 Speaker 3: to kind of walk you through that process, right, Like 143 00:07:29,560 --> 00:07:33,200 Speaker 3: you can't just do that on your own because you 144 00:07:33,560 --> 00:07:37,040 Speaker 3: it's kind of hard logistically to go to six different places, I. 145 00:07:37,000 --> 00:07:39,280 Speaker 1: Think even from the standpoint and you kind of mentioned 146 00:07:39,320 --> 00:07:41,840 Speaker 1: it in the video, but you start to think when 147 00:07:42,000 --> 00:07:46,640 Speaker 1: you're building commercial spaces or you're building hotels, like they've 148 00:07:46,640 --> 00:07:49,440 Speaker 1: been doing it all the time, and the difference is 149 00:07:49,440 --> 00:07:51,880 Speaker 1: that they get to charge you every night. Yeah, so 150 00:07:52,360 --> 00:07:54,720 Speaker 1: the long term pay obviously if you're building a subdivision, 151 00:07:54,720 --> 00:07:57,040 Speaker 1: those are those are homes, but at the hotel, play like, 152 00:07:57,160 --> 00:08:00,280 Speaker 1: that's a nightly income that's coming in, especially if you've 153 00:08:00,280 --> 00:08:04,360 Speaker 1: gotten the things manufactured in bolt. Whether it's the night 154 00:08:04,480 --> 00:08:08,800 Speaker 1: stand or it's the headboard for the beds, every room 155 00:08:08,840 --> 00:08:11,800 Speaker 1: pretty much is the same unless you get a specialized suite. 156 00:08:12,320 --> 00:08:14,120 Speaker 1: These things come in bulk and now you're looking at 157 00:08:14,160 --> 00:08:17,160 Speaker 1: it like, wait, they've made savings on the actual building 158 00:08:17,360 --> 00:08:20,280 Speaker 1: of the hotel or wherever the commercial space is, and 159 00:08:20,320 --> 00:08:22,360 Speaker 1: now they charging you every night. So the long term 160 00:08:22,400 --> 00:08:24,920 Speaker 1: income comes back from it as well. Erners, what's up? 161 00:08:25,000 --> 00:08:27,480 Speaker 1: You ever walk into a small business and everything just 162 00:08:27,640 --> 00:08:30,800 Speaker 1: works like the checkout is fast, or seats are digital, 163 00:08:31,320 --> 00:08:34,319 Speaker 1: tipping is a breeze and you're out the door before 164 00:08:34,320 --> 00:08:38,480 Speaker 1: the line even builds. Odds are they're using Square. We 165 00:08:38,640 --> 00:08:41,200 Speaker 1: love supporting businesses that run on Square because it just 166 00:08:41,200 --> 00:08:44,439 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 167 00:08:44,480 --> 00:08:46,760 Speaker 1: at a pop up market, or even one of our 168 00:08:46,800 --> 00:08:50,480 Speaker 1: merch partners. Square makes it easy for them to take payments, 169 00:08:50,679 --> 00:08:54,440 Speaker 1: manage inventory, and run their business with confidence, all from 170 00:08:54,520 --> 00:08:57,319 Speaker 1: one simple system. One of the things we love most 171 00:08:57,400 --> 00:09:00,959 Speaker 1: is seeing neighborhood businesses level up. This this West Indian 172 00:09:01,000 --> 00:09:04,360 Speaker 1: Spire writing our community that started with a small takeout counter. 173 00:09:04,800 --> 00:09:07,480 Speaker 1: Now with Square they've been able to expand into a 174 00:09:07,520 --> 00:09:11,199 Speaker 1: full sit down restaurant and even started catering events across 175 00:09:11,280 --> 00:09:14,240 Speaker 1: the city. That's the kind of growth that inspires us, 176 00:09:14,480 --> 00:09:17,679 Speaker 1: and it's powered by Square. 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To see how Square can transform your business, 186 00:09:46,559 --> 00:09:51,200 Speaker 1: visit Square dot com backslash, go backslash eyl to learn 187 00:09:51,240 --> 00:09:56,440 Speaker 1: more that Square dot com backslash, go backslash eyl. Don't wait, 188 00:09:56,760 --> 00:09:59,560 Speaker 1: don't hesitate. Let Square handle the back end so you 189 00:09:59,600 --> 00:10:01,240 Speaker 1: can keep pushing your vision forward.