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Speaker 1: Hello, and welcome to another episode of the Mark Moss Show,

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Speaker 1: where we talk about, of course, the way.

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Speaker 2: The world is changing.

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Speaker 1: And of course you see that, you see it happening

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Speaker 1: every day, and we look at it through the lens

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Speaker 1: of politics, finance, and of course technology, which is always

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Speaker 1: what's changing the world.

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Speaker 3: You know.

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Speaker 1: I like to bring to you some late breaking news

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Speaker 1: so you can see how the world's changing, and of

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Speaker 1: course some really interesting guests that you don't have to

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Speaker 1: listen to my opinion all the time. And I am

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Speaker 1: so excited to have my friend Dutch Mendenhall in with

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Speaker 1: me today. He's the co founder and CEO of rad Diversified.

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Speaker 1: You've been hearing me talk about him on the radio

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Speaker 1: for quite a while, talking about his new book that

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Speaker 1: he's written called Money Shackles, and boy, him and I

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Speaker 1: we were hitting off. We were talking about all these

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Speaker 1: war stories before we recording, and Dutch, you know, we

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Speaker 1: were talking about some of our war stories, if you will,

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Speaker 1: of dealing with I don't know if I want to

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Speaker 1: say this, but you know, dealing in the real estate game,

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Speaker 1: I mean, any business. One man who's been around for

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Speaker 1: a long time has war stories. And I think you

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Speaker 1: were saying, like, it's not any big deal. Well, it's

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Speaker 1: not a big deal to some people. Other people it is.

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Speaker 1: But you were talking about how in real estate specifically,

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Speaker 1: we both have war stories in real estate. And I

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Speaker 1: had to go work in the hood in south central

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Speaker 1: Compton Watts and you were saying that for your new people,

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Speaker 1: you'd want to stick them to Philly because if they

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Speaker 1: can go to Philly, And then you were saying that

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Speaker 1: as long as people just realize that they're going to

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Speaker 1: someone else's hood, they're waving and smiling, they'll they'll get along, Okay.

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Speaker 1: And then you're about to tell us one more story.

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Speaker 1: I want to say it for the radio, So go ahead, Philisten,

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Speaker 1: let's just jump in.

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Speaker 3: Yeah. I mean it's interesting. So we were on a trip.

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Speaker 4: We had done an educational seminar and we were on

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Speaker 4: a trip with about forty of our students slash investors,

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Speaker 4: and we had put up on this property and there's

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Speaker 4: just chicken coops everywhere right and roosters everywhere. And before

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Speaker 4: I can stop everybody from getting out of the vehicle,

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Speaker 4: we have these like thirty students that are up on

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Speaker 4: this fence line.

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Speaker 3: That's because we're going to go.

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Speaker 4: It was a tax deed, taxing foreclosure auction, right, and

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Speaker 4: so it's absolutely clear right a you know, chicken fighting

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Speaker 4: you know training or chicken fighting raising right area. And

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Speaker 4: they even had a like a ring, right it ring

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Speaker 4: on the property. And and next thing I know, I'm

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Speaker 4: like trying to get everybody back into the vehicle and

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Speaker 4: these guys come out of the front door and they

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Speaker 4: let about ten rottweilers right out their front door of

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Speaker 4: their house and they just you know, it's it's pretty

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Speaker 4: funny get all my students back in a bus and

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Speaker 4: you know, and and just being able to talk to

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Speaker 4: the individuals and they were but that was one of

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Speaker 4: the scariest moments, just seeing all them dogs coming out

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Speaker 4: of that out of that house like like it was.

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Speaker 4: It was super super everything was super fast, but you

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Speaker 4: just got to slow everything down. But I've always said,

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Speaker 4: you know, when when you're working in rougher neighborhoods or

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Speaker 4: you're dealing with people foreclosures, you just got to respect them.

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Speaker 3: You treat people right, you'll be able to get through

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Speaker 3: it with them. Right.

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Speaker 4: Most people are in some type of painful situation, and

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Speaker 4: you know, as an investors, we get a bad name

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Speaker 4: because people think we're trying to steal people's homes or

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Speaker 4: treat people poorly. And for us, we actually just want

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Speaker 4: to give people positive solutions, right. And so often people

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Speaker 4: are going to lose their homes. They're they're going to

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Speaker 4: lose to the banks. Right, It's not it's not us

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Speaker 4: as an investor that is taking their home. It's it's

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Speaker 4: a bank, or it's a government empty with tax these

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Speaker 4: tax deeds. Right, And so for us, we just want

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Speaker 4: to try and treat the people that live in there,

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Speaker 4: people that have been through foreclosure. Just treat them with respect,

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Speaker 4: give them solutions, give them an ability, an option to

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Speaker 4: be able to buy back their property. But it's it's interesting,

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Speaker 4: but I say, yeah, every one of my acquisition team members,

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Speaker 4: I trained them in Philly, like they will go through,

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Speaker 4: you know, the rougher parts of Philly. And if I

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Speaker 4: figure if they can cut it, and they can make

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Speaker 4: it in Philly as a as a real estate you

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Speaker 4: know investor real estate active, they can make it anywhere

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Speaker 4: in America. So it's it's it's interesting. I mean, I

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Speaker 4: think though the last couple of years, our teams have

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Speaker 4: actually had to work in luxury real estate warents. So

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Speaker 4: they've been in high end neighborhoods, and so it's actually

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Speaker 4: kind of been in the opposite with hyperinflation and those

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Speaker 4: kind of things. Choosing location knowing those properties we're going

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Speaker 4: to go up.

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Speaker 3: And value faster. It was was very interesting.

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Speaker 4: Now I've had to go and flip the script on

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Speaker 4: them again though, because as interest rates grow up, rents

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Speaker 4: go up, and so rental properties right and small.

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Speaker 3: Portfolios is built. We've been buying.

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Speaker 4: We just bought a forty four house portfolio and a

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Speaker 4: twenty eight house short sell in the last in the

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Speaker 4: last few months. And so those are you know, you know, bigger,

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Speaker 4: bigger deals, your transactions. But the market shifted, and so

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Speaker 4: I've got them flipped back from luxury luxury beach houses

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Speaker 4: and I got them back to you know, picking up

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Speaker 4: rental properties and rental neighborhoods, and so you know, the

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Speaker 4: game changes as the markets and the economy changes.

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Speaker 1: I love how you say that, and that's an important

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Speaker 1: point that I always want to hammer on for a

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Speaker 1: minute for everybody listening. You know, if you're just tune

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Speaker 1: you're listening to the Mark More Show. We're talking with

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Speaker 1: Dutch Mende Hall. He is the co founder and CEO

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Speaker 1: of rad Diversified, helping people create more wealth for themselves,

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Speaker 1: which is what I'm trying to do for you as well.

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Speaker 1: But I love that point that you just said right there,

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Speaker 1: and it's something that I got smacked in the face

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Speaker 1: with after the two thousand and eight collapse, which is

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Speaker 1: that there's no such thing as good and bad timing.

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Speaker 1: There's just good and bad strategies. And so when times change,

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Speaker 1: you just got to change the strategy. Right, I can

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Speaker 1: make money on a stock going up, I can also

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Speaker 1: make money on a stock going down.

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Speaker 2: I just have to change from long to short.

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Speaker 1: And so kind of what you just highlighted, where like, hey,

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Speaker 1: because the market change, because rates went up, we moved

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Speaker 1: we used to do low income, we moved to the beach,

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Speaker 1: but now we had to go back to rental properties

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Speaker 1: for example. And so you've just sort of changed your strategy,

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Speaker 1: but your finding ways to still provide value and create

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Speaker 1: value right.

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Speaker 3: Absolutely.

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Speaker 4: You know, the day I realized, like one of my

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Speaker 4: big breakthroughs was the day I realized, when you know,

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Speaker 4: they move the markets, right, the markets move, and so

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Speaker 4: if you're not paying attention, right, the recent thing I

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Speaker 4: saw was you know, almost eighty eight percent of the

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Speaker 4: S and P five hundred companies are owned you know

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Speaker 4: by a handful.

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Speaker 3: Of companies three, you know, and.

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Speaker 4: By three of them, right, and and you know Vanguard

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Speaker 4: and black Rock and State Street can't remember what the

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Speaker 4: third one State Street, right, and and so like, if

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Speaker 4: they choose to move the markets, the markets are going

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Speaker 4: to move. If they choose to the interest rates are

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Speaker 4: going to go up. You know, there's things that win.

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Speaker 4: If you go back to the seventies during during the

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Speaker 4: Carter Days, right seventy six to eighty, you know, unemployment

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Speaker 4: went up to thirteen percent. We got to a point

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Speaker 4: in time where interest rates were the highest they'd been

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Speaker 4: in our lifetimes. And the market moved. And so as

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Speaker 4: that market moves, the game, the game changes. And so

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Speaker 4: we just need to be ahead of that. If you're

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Speaker 4: behind it, you're gonna lose.

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Speaker 1: Yeah, No, it's great, and you do need to understand

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Speaker 1: and what's going on there. And that's actually what caused

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Speaker 1: my problem in two thousand and eight was I had

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Speaker 1: done really well with my real estate.

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Speaker 2: All of that I had done. I created two different businesses.

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Speaker 1: I had exits on both of those of medical business

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Speaker 1: and e commerce business, and like I was good, but

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Speaker 1: I wasn't paying attention to what the bigger macro cycle,

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Speaker 1: what the market's doing, what the FED was doing.

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Speaker 2: And so I got caught off guard by that.

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Speaker 1: And if you can, if you can pay attention to that,

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Speaker 1: and then you can learn to pivot your strategies, then

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Speaker 1: you can sort of ride those waves. But that that's

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Speaker 1: where I got caught off guard. And you know, sort

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Speaker 1: of back to like trading our war stories. They say

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Speaker 1: that success is a horrible teacher, right, and so we learned,

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Speaker 1: we learned from those mistakes. If you don't get wiped

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Speaker 1: out too bad, I'm sure you've had the only.

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Speaker 4: Good, the only way to keep going through those through

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Speaker 4: like we all learned in O wait right, there was

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Speaker 4: a lot that I learned in O Waight. I went

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Speaker 4: from a whole lot of equity to a whole lot

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Speaker 4: less equity like that, And so you know, when twenty

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Speaker 4: was coming, you know we were more prepared for it,

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Speaker 4: but you know we made it through a way because

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Speaker 4: I think the thing you have to realize is that

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Speaker 4: the game shifts and economies get tough, it creates big

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Speaker 4: buy opportunities like right now. We're in the best by

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Speaker 4: opportunity I've been in my lifetime. But it's just like

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Speaker 4: you're saying, you sold businesses, you sold companies ten years ago.

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Speaker 4: I didn't know about an opportunity zone investment fund. I

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Speaker 4: didn't understand thirty ten thirty one exchanges. I didn't understand

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Speaker 4: all of the different ways that a business owner or

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Speaker 4: a real estate owner can utilize the tax code. And

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Speaker 4: so we opened an opportunity zone fund because our students

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Speaker 4: and our investors came to us and asked us to

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Speaker 4: and then we had to get you know, very good

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Speaker 4: at understanding the tax code and doing those things. And

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Speaker 4: so you know, I'm sure when that first time you

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Speaker 4: sold a business, you didn't realize, oh crap, I have

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Speaker 4: a ton of taxes I'm going to have to pay.

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Speaker 3: What do I do?

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Speaker 4: How do I make sure that the money continues to

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Speaker 4: invest versus versus you know, the government getting it. And

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Speaker 4: it's one of the charts actually we put in money

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Speaker 4: shackles where it shows the cycle between your taxes and

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Speaker 4: your investments and how that affects your overall returns and

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Speaker 4: how that compounds over a decade, and bad tax utilization

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Speaker 4: over a decade can cost you millions of dollars, and

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Speaker 4: so it's important that you understand what we learn. But

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Speaker 4: if you stop learning, the game's going to change on

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Speaker 4: you and it's going to shift, and then you're gonna

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Speaker 4: get back.

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Speaker 3: Yeah.

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Speaker 1: Well, that's such an important point and it's one that

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Speaker 1: I talk about all the time, and this is the

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Speaker 1: perfect time to kind of.

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Speaker 2: You've illustrated it.

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Speaker 1: Where really I think about capital in three different ways.

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Speaker 1: And so we certainly have financial capital, that's the amount

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Speaker 1: of money in your capital that we have available to us.

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Speaker 1: But we also have our mental capital. And then we

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Speaker 1: also have our relational capital. So you have these funds

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Speaker 1: and so you have relationships with people that give you money.

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Speaker 1: You have relationships that people that bring you a twenty

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Speaker 1: five pack of homes like, how do you even get that?

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Speaker 1: So you have relational capital, but you also have the

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Speaker 1: mental capital. So you've learned these things along the way, Right,

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Speaker 1: You've learned now about ten thirty one s or opportunity

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Speaker 1: zones or tax efficiency and so you didn't know those,

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Speaker 1: and so most people only think about financial capital, which

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Speaker 1: is probably the hardest one to gain.

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Speaker 2: Then that have to be years.

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Speaker 1: It could be other peoples, but finds capital. But really

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Speaker 1: the mental capital, the tax efficiency, the opportunities do that's

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Speaker 1: what really builds in. And of course the relational capital.

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Speaker 1: And so I like to pound on all three of

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Speaker 1: those and I'm going to dig into that with you.

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Speaker 1: But you know, I know I've been talking about for

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Speaker 1: a while, so I'm super excited to have you on.

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Speaker 1: We've been talking about this launch of this new book

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Speaker 1: that you wrote, Money Shackles, So I really want to

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Speaker 1: dive into that. If you just tune in, you're listening

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Speaker 1: to the Mark Moss Show. Of course, always talking about

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Speaker 1: the decentralized revolution, how the world is changing money, politics, finance,

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Speaker 1: it's all coming together. I'm sitting down with Dutch mend Hall.

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Speaker 2: But I got to take a very quick break. We're

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Speaker 2: going to come back and we're going to learn.

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Speaker 1: About the book Money Shackles, and what you can do

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Speaker 1: to change your financial future and have the American dream.

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Speaker 2: Don't go away. I'll be right back, all right, Welcome back.

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Speaker 1: If you just tune in, you're listening to the Mark

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Speaker 1: Moss Show. I'm sitting down with Dutch mende Hall. He

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Speaker 1: is the co founder and the CEO of Rad diversified,

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Speaker 1: and he wrote a brand new book called Money Shackles.

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Speaker 1: And that's what I'm excited to talk to you about today, Dutch,

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Speaker 1: because it's stuff that you know, before the break we

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Speaker 1: were talking about where you know, we have financial capital,

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Speaker 1: but we also have these this mental capital, and these

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Speaker 1: are some of the ideas and our knowledge, our skill set,

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Speaker 1: things like that, and then we also have you know,

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Speaker 1: relational capital, and I think all those are important. When

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Speaker 1: I had to rebuild up for two thousand and eight,

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Speaker 1: I didn't have any more financial capital, but I still

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Speaker 1: had the mental and I still had the relational and

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Speaker 1: I was able to build it back up pretty quickly.

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Speaker 1: But you know, you wrote about some of these like

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Speaker 1: I think, like this mental capital or the lack thereof

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Speaker 1: right where these these these things that we've learned I

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Speaker 1: think that have held us back. Is that sort of

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Speaker 1: how that book is framed up.

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Speaker 3: Yeah, I mean it's a it's an incredible book.

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Speaker 1: Right.

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Speaker 4: It's like Americans feel are made to feel guilty about

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Speaker 4: debt all the time.

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Speaker 2: Dave Dave Ramsey everready blame.

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Speaker 4: Yeah, every super uber wealthy person right in the planet

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Speaker 4: right utilized debt as an effective tool and and and yeah,

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Speaker 4: the Bible says don't be a slave to the lender,

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Speaker 4: but it doesn't say don't use debt, right, And so

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Speaker 4: if you use debt effectively as an American, you can

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Speaker 4: build wealth. If you're going to build true wealth in

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Speaker 4: real estate, then you need to be able to use wealth.

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Speaker 4: And so it's kind of breaking that stigmata when it

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Speaker 4: comes to debt in.

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Speaker 3: That part of it.

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Speaker 4: But it's also more than that. It's about a relationship

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Speaker 4: with money. If Americans have a healthy relationship with money,

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Speaker 4: they'll make good money any decisions. And so there's a

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Speaker 4: part of the foundation. And then it goes back into

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Speaker 4: deep into the alternative investment space, which you and I

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Speaker 4: absolutely love, right. I think Wall Street is I call

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Speaker 4: it bull Street. It's a yo yo cycle. It's a

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Speaker 4: monopoly right on the financial markets to me. In twenty twelve,

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Speaker 4: there's this little act that was passed called the Jobs Act,

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Speaker 4: and it opened up an industry, an arena for Americans

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Speaker 4: to be able to invest in crowdfunding, fractionalized ownership in

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Speaker 4: businesses for this tire first time, a non accredited successful

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Speaker 4: person right can go and invest and be an angel investor,

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Speaker 4: be someone who can buy a part of a farm.

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Speaker 3: Someone who can buy a part of.

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Speaker 2: A luxury house and be able to do.

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Speaker 4: It, that's from it without having to have all the

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Speaker 4: money and all the capital and all of the risks.

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Speaker 4: And they also can diversify their risk by lots and

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Speaker 4: lots of different investments. I always hate the fact that

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Speaker 4: there's financial planners out there who've never built wealth, who've

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Speaker 4: never retired, and suddenly, you know, an average person has

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Speaker 4: to go to them and say, hey, can I trust

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Speaker 4: you with my money? You took some course, took some class,

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Speaker 4: your company taught you some stuff. Can I trust you

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Speaker 4: with my money? And what alternative do they have? And

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Speaker 4: so if the money shack is all about helping an everyday,

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Speaker 4: you know, professional working American figure out, Hey what am

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Speaker 4: I gonna do with my money? And it starts, you know,

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Speaker 4: at the very beginning. And a lot of Americans think

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Speaker 4: they don't have money to invest, but you do, a

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Speaker 4: lot of Americans think home ownership is beyond the reach

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Speaker 4: because of the rising home prices.

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Speaker 3: More often than not, they have more than enough money

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Speaker 3: to be able to buy a home.

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Speaker 4: One of our actually you met him earlier, our director

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Speaker 4: of advertising, right Patrick Keller for our company. Right, you know,

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Speaker 4: he's a young kid and he owns a house because

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Speaker 4: he followed the steps.

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Speaker 3: He followed the process.

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Speaker 4: He went through what you need to do, and now

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Speaker 4: instead of having to wait thirty years to have good

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Speaker 4: amount of money working for him, now his house is appreciating,

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Speaker 4: he's getting the tax rite offs of depreciation, he's having

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Speaker 4: all of these benefits. And if he starts in his twenties,

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Speaker 4: the game will change forever.

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Speaker 3: Right. What happens is a lot of Americans, it's almost

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Speaker 3: too late.

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Speaker 4: They're in there, they're in their fifties, and now they're

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Speaker 4: feeling that the retirement pressure.

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Speaker 3: They're feeling that bug.

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Speaker 4: And so what Money Shackles is about showing them, you know,

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Speaker 4: maybe there is an accelerated way for you to be success.

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Speaker 4: There is a way to balance your investments between high

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Speaker 4: risk and low risk, and there's high return and all

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Speaker 4: of those things. Is huge in the book, and it

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Speaker 4: has it's not just about learning, because you and I

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Speaker 4: can sit here and give them lessons all day long,

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Speaker 4: but it is about checklists. It is about charts that

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Speaker 4: they can simply follow. It is about being able to know,

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Speaker 4: like here's here. If you're looking at a company. Here's

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Speaker 4: how you do due diligence. Here's if a company is

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Speaker 4: absolutely full of crap, what are the signs, what are

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Speaker 4: the red flags? And so it gives them all of

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Speaker 4: these pieces to be able to check off and it

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Speaker 4: makes a huge difference versus trying to rely.

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Speaker 3: I mean, people have lives.

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Speaker 4: They got to be parents, they got to be spouses,

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Speaker 4: they got to have careers, and now they're suddenly supposed

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Speaker 4: to be financial experts in order to invest their own money, Well,

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Speaker 4: they need easy tools to do it.

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Speaker 1: I couldn't agree with you more. And it's you know,

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Speaker 1: the Wall Street industrial complex has created this very very complex,

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Speaker 1: you know, opaque system that then makes you rely on them.

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Speaker 2: And it's crazy, like.

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Speaker 1: How many people have spent so much time, effort, energy

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Speaker 1: to go to school, get good grades, go to good college,

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Speaker 1: you know, get additional degrees, further work to further their career,

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Speaker 1: and then all this time to make money and then

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Speaker 1: they just give it to someone else and forget about it,

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Speaker 1: like like what, But it doesn't.

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Speaker 2: Have to be that complex.

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Speaker 1: And so if you get out of that Wall Street

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Speaker 1: complex and just go into something simple like like real estate,

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Speaker 1: for example, you can build wealth very quickly. I want

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Speaker 1: to go back to well, maybe not very quickly, but

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Speaker 1: more methodically, and especially if you start younger. But I

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Speaker 1: want to go back to just what you talked about

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Speaker 1: with the debt piece.

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Speaker 2: For example.

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Speaker 1: You know, one thing that I hit on is that

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Speaker 1: most people, you know, I talk about money, most people

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Speaker 1: don't understand what money is.

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Speaker 2: And we think we do because we have it in our.

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Speaker 1: Wallet, but they don't really understand that we're in a

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Speaker 1: debt based monetary system. So that means that when we

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Speaker 1: talk about the FED printing money, it's not really how

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Speaker 1: it works. The banks actually create it when you take

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Speaker 1: a loan. So because money is created through debt, then

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Speaker 1: we should use debt if we want to make money

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Speaker 1: and we have the debt. You know, we have the

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Speaker 1: Dave Ramsey of the world telling everyone, don't get in debt.

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Speaker 2: Don't get in debt.

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Speaker 1: My mentor for twenty five years now, one of my

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Speaker 1: good friends, Robert Kyosaki. He says that Dave Ramsey's right

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Speaker 1: for most people, they shouldn't because most people aren't smart

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Speaker 1: enough to know how to use it. But hopefully your

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Speaker 1: book can change that, but really change the way we

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Speaker 1: look at debt and understand it is dangerous. It's like fire, right,

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Speaker 1: it can warm our house, but it could burn our

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Speaker 1: house down. But it's important if you want to grow

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Speaker 1: to learn how to use good debt versus bad debt.

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Speaker 1: Do you kind of break that distinction down.

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Speaker 4: Yeah, absolutely, because obviously, if you're using debt to live

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Speaker 4: right for lifestyle, it's gonna work against you. But if

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Speaker 4: you're using debt to make a return, if you're using

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Speaker 4: debt to build a business, like every American should own

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Speaker 4: a business. Like any American who doesn't own a business

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Speaker 4: isn't utilizing the tax code correctly. They're not utilizing all

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Speaker 4: of the things they can have in life correctly, right,

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Speaker 4: and so like, there are certain rules of this game.

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Speaker 4: And frankly, if you went off forty year plan to

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Speaker 4: be able to retire, you know maybe Dave and maybe

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Speaker 4: maybe you know Robert or Wright. And at the same time,

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Speaker 4: I wasn't born for a forty year plan. I remember

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Speaker 4: making great money living in Orange County, right, which I

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Speaker 4: know is you know your home RaSE, right, California, and

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Speaker 4: living in Eliso Viejo, California. And I remember for the

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Speaker 4: first time of my life having grown up lived on

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Speaker 4: my own at sixteen, having coached college baseball, which is

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Speaker 4: like indentured servitude, I finally had a job as a

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Speaker 4: head hundred.

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Speaker 3: I made two hundred fifty thousand dollars.

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Speaker 4: I paid ninety thousand dollars in taxes, which now, of

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Speaker 4: course I know better than that, and I saved fifty

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Speaker 4: grand and I said to myself, Wow, this is this

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Speaker 4: is incredible. I feel amazing about this. But then I

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Speaker 4: started to really look at the equation. Everybody says it's

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Speaker 4: going to take three million dollars in order for me

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Speaker 4: to retire, and I lived in an expensive part of

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Speaker 4: the world, and I looked at it, and I said, well,

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Speaker 4: three million dollars fifty thousand, it's.

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Speaker 3: How am I having going together.

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Speaker 4: It's going to take me sixty years to save up

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Speaker 4: three million dollars. I have to figure out a better plan.

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Speaker 4: I have to figure out a more accelerated plan. If

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Speaker 4: I want to be free, if when my kids are

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Speaker 4: in high school, if my kids are in college, if

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Speaker 4: I want to be able to be with them, I

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Speaker 4: want to watch them play sports.

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Speaker 3: I want to be able to be that kind of relationship.

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Speaker 4: If I want to make sure that I'm setting up

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Speaker 4: a legacy right even to think about a legacy, I'm

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Speaker 4: just thinking about how I was going to retire, But

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Speaker 4: how do I set up a legacy right for my

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Speaker 4: family for future generations?

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Speaker 3: Like in schools, like they would rather teach.

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Speaker 4: Them about things that are not that they're not going

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Speaker 4: to have lots of times in their everyday lives. For me,

438
00:17:22,280 --> 00:17:25,119
Speaker 4: my kids put away money every single month. My kids

439
00:17:25,119 --> 00:17:28,000
Speaker 4: have their own retirement, my kids having a job and

440
00:17:28,119 --> 00:17:30,280
Speaker 4: employment right where they get paid. My kids own their

441
00:17:30,320 --> 00:17:32,399
Speaker 4: first house already and they're six and seven years old.

442
00:17:32,440 --> 00:17:33,400
Speaker 2: Wow, that's amazing.

443
00:17:33,520 --> 00:17:35,520
Speaker 3: It's a different game.

444
00:17:36,000 --> 00:17:37,560
Speaker 2: Yeah, I want to dig into that different game.

445
00:17:37,640 --> 00:17:39,040
Speaker 1: I loved what you just said right there, and I

446
00:17:39,080 --> 00:17:41,000
Speaker 1: want to break that down for people that are listening

447
00:17:41,000 --> 00:17:43,080
Speaker 1: so they can have some steps. And of course we're

448
00:17:43,119 --> 00:17:45,240
Speaker 1: talking about your book, Money Shackles, that just came out.

449
00:17:45,280 --> 00:17:47,640
Speaker 1: It's at the rad dot Com. Go check that out.

450
00:17:47,840 --> 00:17:49,520
Speaker 1: If you're just tuned in, you're listening to the Mark

451
00:17:49,600 --> 00:17:52,000
Speaker 1: Mos Show and I'm sitting down with Dutch Mendenhall. He's

452
00:17:52,000 --> 00:17:54,639
Speaker 1: the co founder and CEO of Rad Diversified, President of

453
00:17:54,680 --> 00:17:57,600
Speaker 1: the Alternative Investment Association, talking about his book. But I

454
00:17:57,600 --> 00:17:59,399
Speaker 1: want to dig into what he just said there. But

455
00:17:59,400 --> 00:18:01,920
Speaker 1: I have to take very quick break, but don't miss

456
00:18:01,960 --> 00:18:04,159
Speaker 1: it because you're gonna want to understand these lessons so

457
00:18:04,160 --> 00:18:05,800
Speaker 1: you can start to put them back into your own life.

458
00:18:05,840 --> 00:18:07,560
Speaker 1: I'm gonna take a very very very quick break, but

459
00:18:07,680 --> 00:18:10,800
Speaker 1: we'll be right back, so don't go away, all right,

460
00:18:10,840 --> 00:18:12,560
Speaker 1: Welcome back. If you just tune in, you're listening to

461
00:18:12,600 --> 00:18:14,840
Speaker 1: the Mark Mass Show. I'm sitting down with Dutch Mendenhall.

462
00:18:14,920 --> 00:18:17,400
Speaker 1: He is the co founder and CEO of Rad Diversified,

463
00:18:17,400 --> 00:18:19,960
Speaker 1: the author of the brand new book called Money Shackles.

464
00:18:19,960 --> 00:18:23,360
Speaker 1: You can check out drad dot com. But you said

465
00:18:23,400 --> 00:18:24,920
Speaker 1: something there, Dutch, right before the break that I just

466
00:18:25,000 --> 00:18:26,560
Speaker 1: kind of want unpack a little bit if we can.

467
00:18:26,840 --> 00:18:30,359
Speaker 1: And you had said for you to retire, that you

468
00:18:30,400 --> 00:18:33,439
Speaker 1: were going to need three million dollars and everybody has

469
00:18:33,440 --> 00:18:35,399
Speaker 1: their own number whatever, there is one, two, five, whatever.

470
00:18:35,720 --> 00:18:38,160
Speaker 1: But the problem, as you highlighted, and I agree with this,

471
00:18:38,240 --> 00:18:40,159
Speaker 1: is that you said, how am I ever going to

472
00:18:40,200 --> 00:18:42,000
Speaker 1: get the three million or the five million or whatever

473
00:18:42,000 --> 00:18:43,560
Speaker 1: it is, and that number because it seems so big

474
00:18:43,600 --> 00:18:47,240
Speaker 1: and so unattainable, then why even bother or why you

475
00:18:47,240 --> 00:18:50,879
Speaker 1: know I get to wait sixty years, when maybe I

476
00:18:50,920 --> 00:18:53,640
Speaker 1: could just come up with ten thousand dollars to buy

477
00:18:53,680 --> 00:18:56,520
Speaker 1: an eighty thousand dollars house in Missouri or Kansas City

478
00:18:57,160 --> 00:19:00,960
Speaker 1: and then use that passive income to bound and maybe

479
00:19:00,960 --> 00:19:02,520
Speaker 1: it takes me six seven years to buy a second

480
00:19:02,560 --> 00:19:06,040
Speaker 1: house and then three years to another one. If you

481
00:19:06,040 --> 00:19:08,000
Speaker 1: didn't want to, say for sixty years to get the

482
00:19:08,040 --> 00:19:10,320
Speaker 1: three million, what would be the better way to do it?

483
00:19:12,280 --> 00:19:14,600
Speaker 4: I mean, you know, buying a house right is always

484
00:19:14,600 --> 00:19:16,520
Speaker 4: going to be an effective tool buying real estate, But

485
00:19:16,520 --> 00:19:18,760
Speaker 4: there's rules to buy in real estate, right, because like

486
00:19:18,800 --> 00:19:20,360
Speaker 4: you said, what if you bought a house for eighty

487
00:19:20,400 --> 00:19:22,040
Speaker 4: thousand dollars in Missouri.

488
00:19:21,680 --> 00:19:22,360
Speaker 3: Or something like that.

489
00:19:22,480 --> 00:19:23,879
Speaker 4: But at the same time, that's also one of the

490
00:19:23,920 --> 00:19:26,080
Speaker 4: most dangerous things if you don't know the rules of

491
00:19:26,080 --> 00:19:28,600
Speaker 4: the game, because I've seen so many people get burned

492
00:19:28,640 --> 00:19:30,919
Speaker 4: by buying cheap virtual real estate in some part of

493
00:19:30,920 --> 00:19:33,119
Speaker 4: the country somewhere, right, And if you don't have the

494
00:19:33,200 --> 00:19:35,880
Speaker 4: effective tools to know, like how do you know that the.

495
00:19:35,840 --> 00:19:37,440
Speaker 3: Company you're dealing with is legitimate?

496
00:19:37,600 --> 00:19:40,280
Speaker 4: And it's like every person whoever flips their first home

497
00:19:40,480 --> 00:19:42,200
Speaker 4: or ever wants to flip their home first home because

498
00:19:42,200 --> 00:19:44,400
Speaker 4: they watched HTD. They're trying to do it on the cheap,

499
00:19:44,560 --> 00:19:46,520
Speaker 4: they're trying to find the lowest contract, or maybe they're

500
00:19:46,520 --> 00:19:48,399
Speaker 4: trying to avoid permits and those kind of things, and

501
00:19:48,400 --> 00:19:50,360
Speaker 4: those are all things that are going to get them destroyed.

502
00:19:50,480 --> 00:19:52,359
Speaker 3: Right, If you're flipping your first home, you had to

503
00:19:52,400 --> 00:19:54,240
Speaker 3: know what the rule is. Well, the rule on your first.

504
00:19:54,000 --> 00:19:55,679
Speaker 4: Home is you're going to need to find someone with

505
00:19:55,760 --> 00:19:58,119
Speaker 4: a good reputation, with a good track record, with a

506
00:19:58,119 --> 00:20:00,600
Speaker 4: good history, and that their history is public because if

507
00:20:00,640 --> 00:20:03,919
Speaker 4: it's not public, then it's not real. And so like

508
00:20:03,960 --> 00:20:06,600
Speaker 4: there's certain rules to those things. For me, it starts

509
00:20:06,640 --> 00:20:08,840
Speaker 4: off one, what is your daily exchange as a person?

510
00:20:09,080 --> 00:20:11,040
Speaker 3: Right? What is your current monetary exchange?

511
00:20:11,040 --> 00:20:13,560
Speaker 4: And what I mean is if you're trading time for money, right,

512
00:20:13,680 --> 00:20:16,080
Speaker 4: or if you're trading effort for money, which is better

513
00:20:16,119 --> 00:20:19,199
Speaker 4: than trading time for money. In my opinion, it's very

514
00:20:19,200 --> 00:20:21,159
Speaker 4: important for you to have a healthy exchange. And if

515
00:20:21,160 --> 00:20:23,280
Speaker 4: your exchange is too low, now you need to start

516
00:20:23,320 --> 00:20:26,159
Speaker 4: figuring out how to get your exchange different. So unlike

517
00:20:26,400 --> 00:20:28,960
Speaker 4: Dave Ramsey, like you said earlier, and I actually think

518
00:20:29,040 --> 00:20:30,520
Speaker 4: Dave has done a lot of great sure, and I

519
00:20:30,560 --> 00:20:31,600
Speaker 4: also think Robert's done it.

520
00:20:32,280 --> 00:20:35,359
Speaker 1: Just to clarify, Robert was saying that most people should

521
00:20:35,359 --> 00:20:38,280
Speaker 1: listen to him because most people probably shouldn't play with fire,

522
00:20:38,320 --> 00:20:40,639
Speaker 1: or shouldn't play with debt, but Robert does. Robert plays

523
00:20:40,640 --> 00:20:42,880
Speaker 1: with massive amounts of debt. His story was he backed

524
00:20:42,960 --> 00:20:44,359
Speaker 1: up the truck with debt in two thousand and eight

525
00:20:44,400 --> 00:20:47,040
Speaker 1: and he's a billionaire today. But he was saying most people,

526
00:20:47,160 --> 00:20:49,879
Speaker 1: because they don't have the mental capital to play with it,

527
00:20:49,880 --> 00:20:51,120
Speaker 1: they shouldn't, but anyway, keep going.

528
00:20:53,720 --> 00:20:55,199
Speaker 3: And so there's this exchange part of it.

529
00:20:55,280 --> 00:20:58,119
Speaker 4: So my first rule is if your exchange isn't enough,

530
00:20:58,440 --> 00:21:00,399
Speaker 4: where like if you only have a thousand dollars to

531
00:21:00,440 --> 00:21:03,360
Speaker 4: make an investment, then your exchange in life is definitely

532
00:21:03,359 --> 00:21:04,600
Speaker 4: not high enough as a person.

533
00:21:04,840 --> 00:21:06,800
Speaker 3: And so we've got to help you create a higher.

534
00:21:06,720 --> 00:21:09,280
Speaker 4: Monetary exchange in your life. And a lot of people

535
00:21:09,359 --> 00:21:11,720
Speaker 4: start to equate the amount of money they make to

536
00:21:11,920 --> 00:21:13,639
Speaker 4: who they are as a person, and who you are

537
00:21:13,640 --> 00:21:15,639
Speaker 4: as a person has nothing to do with the amount

538
00:21:15,640 --> 00:21:17,760
Speaker 4: of money you make. It's your understanding of how money

539
00:21:17,760 --> 00:21:20,720
Speaker 4: works and what the exchange either for effort or time is.

540
00:21:20,760 --> 00:21:22,560
Speaker 4: And so if you only have one thousand dollars my

541
00:21:22,600 --> 00:21:25,080
Speaker 4: first role is you don't actually make that as an investment.

542
00:21:25,560 --> 00:21:27,080
Speaker 3: To me, you don't make that. What you do is

543
00:21:27,119 --> 00:21:28,880
Speaker 3: you invest that in yourself. I love that it's a.

544
00:21:28,800 --> 00:21:31,640
Speaker 4: Better investment because if they invest in themselves, then they

545
00:21:31,640 --> 00:21:34,560
Speaker 4: can change their exchange. Like for me, that first amount

546
00:21:34,600 --> 00:21:36,240
Speaker 4: of money, the first time I ever had money in

547
00:21:36,280 --> 00:21:38,359
Speaker 4: my life. I could have took that first fifty thousand

548
00:21:38,359 --> 00:21:40,560
Speaker 4: dollars and yes I could have invested that maybe in

549
00:21:40,600 --> 00:21:42,280
Speaker 4: my first piece of real estate, or maybe I could

550
00:21:42,280 --> 00:21:44,680
Speaker 4: have invested that into the stock market.

551
00:21:44,440 --> 00:21:46,280
Speaker 3: Or somewhere else. But where I invested it, it was into

552
00:21:46,280 --> 00:21:47,120
Speaker 3: my own learning curve.

553
00:21:47,440 --> 00:21:52,720
Speaker 4: I really accelerated my understanding of entrepreneurship, money, businesses being

554
00:21:52,760 --> 00:21:55,520
Speaker 4: able to build something incredible. And so for me, that

555
00:21:55,560 --> 00:21:58,040
Speaker 4: first investment is into yourself as a human being. Like

556
00:21:58,080 --> 00:21:59,879
Speaker 4: one of the things with every RAD employee we have

557
00:22:00,160 --> 00:22:02,399
Speaker 4: is we have one scholarship programs for them and their

558
00:22:02,480 --> 00:22:04,920
Speaker 4: kids and their families. But number two is like anytime

559
00:22:04,960 --> 00:22:07,920
Speaker 4: they bring me education knowledge, even if it's not RAD related,

560
00:22:08,119 --> 00:22:10,399
Speaker 4: we pay for it as a company because I've learned

561
00:22:10,400 --> 00:22:12,719
Speaker 4: that if I can increase their abilities and I increase

562
00:22:12,840 --> 00:22:16,280
Speaker 4: their knowledge, then that changes their exchanges, which create changes

563
00:22:16,320 --> 00:22:17,840
Speaker 4: are exchanges as a company out.

564
00:22:17,680 --> 00:22:19,600
Speaker 3: There in the market place. So Number one, right, make

565
00:22:19,640 --> 00:22:21,399
Speaker 3: healthier exchange for your money.

566
00:22:21,640 --> 00:22:24,480
Speaker 4: Number two, choose your vehicle. Make sure you start to

567
00:22:24,520 --> 00:22:27,280
Speaker 4: become a knowledge expert in your vehicle. If you have

568
00:22:27,440 --> 00:22:30,520
Speaker 4: a lot of money and you just want cash flow

569
00:22:30,560 --> 00:22:32,680
Speaker 4: and you want safety, then real estate might be a

570
00:22:32,680 --> 00:22:34,960
Speaker 4: great option, and you do cash flow real estate. If

571
00:22:34,960 --> 00:22:36,840
Speaker 4: you don't have a lot of money and it's time

572
00:22:36,880 --> 00:22:39,200
Speaker 4: for you to start accelerating your wealth, then obviously you're

573
00:22:39,200 --> 00:22:41,919
Speaker 4: going to need to use leverage and debt to your advantage.

574
00:22:42,480 --> 00:22:44,439
Speaker 3: So many veterans, we have a lot of veterans we

575
00:22:44,480 --> 00:22:44,840
Speaker 3: work with.

576
00:22:44,840 --> 00:22:48,119
Speaker 4: We have a lot of special operations, special forces individuals

577
00:22:48,160 --> 00:22:50,120
Speaker 4: that work in our company. As we work with veterans,

578
00:22:50,200 --> 00:22:52,040
Speaker 4: they don't realize that their ability to go buy a

579
00:22:52,080 --> 00:22:52,960
Speaker 4: house right is.

580
00:22:52,960 --> 00:22:55,240
Speaker 3: In their fingertips. There's so many ways for them to

581
00:22:55,240 --> 00:22:56,320
Speaker 3: buy a house effectively.

582
00:22:56,520 --> 00:22:59,320
Speaker 4: But instead of them saving three hundred thousand dollars for

583
00:22:59,480 --> 00:23:01,840
Speaker 4: a lifetime to get it working for them in their

584
00:23:01,840 --> 00:23:04,359
Speaker 4: first house, the moment they buy it, it's appreciation and

585
00:23:04,400 --> 00:23:07,080
Speaker 4: its ability to grow in value is instant. But they're

586
00:23:07,119 --> 00:23:09,199
Speaker 4: out there renting, and so you really need to get

587
00:23:09,240 --> 00:23:11,000
Speaker 4: to a point where we can figure out how you

588
00:23:11,000 --> 00:23:14,359
Speaker 4: can get home ownership, how you can get your first rental. Now,

589
00:23:14,600 --> 00:23:16,600
Speaker 4: I'm different than a lot of people. Right, some people

590
00:23:16,640 --> 00:23:18,600
Speaker 4: would say, buy a home, pay it off for me,

591
00:23:18,840 --> 00:23:21,159
Speaker 4: buy your first rental property. I would rather have a

592
00:23:21,200 --> 00:23:23,920
Speaker 4: rental property even before I would have my own home

593
00:23:24,200 --> 00:23:26,040
Speaker 4: for me. I remember my father in law, and this

594
00:23:26,080 --> 00:23:27,640
Speaker 4: is pretty funny. He was telling me all the time

595
00:23:27,680 --> 00:23:29,919
Speaker 4: about owning my own home, and I'm like, Ernie, I

596
00:23:29,960 --> 00:23:31,960
Speaker 4: own a dozen homes. I don't need to own my

597
00:23:32,200 --> 00:23:34,359
Speaker 4: own my own home. Because the reality is is I

598
00:23:34,400 --> 00:23:37,639
Speaker 4: figured out in that system that renter's paying off my

599
00:23:37,760 --> 00:23:41,480
Speaker 4: debt right others people's money, which is obviously the great

600
00:23:41,520 --> 00:23:44,199
Speaker 4: leverage right for you in real estate and wealth. It

601
00:23:44,280 --> 00:23:47,520
Speaker 4: was more effective, and the growth of those properties also

602
00:23:47,560 --> 00:23:49,480
Speaker 4: meant that I had this massive tax rite off when

603
00:23:49,480 --> 00:23:52,040
Speaker 4: I came to depreciation, and so the rental property for

604
00:23:52,119 --> 00:23:55,520
Speaker 4: me was far smarter, especially when I was building from scratch,

605
00:23:55,880 --> 00:23:59,560
Speaker 4: building building from early on. But he's also got a

606
00:23:59,560 --> 00:24:01,200
Speaker 4: different way of doing it. And at the same time,

607
00:24:01,240 --> 00:24:03,080
Speaker 4: I feel like, if you want to accelerate it, there's

608
00:24:03,119 --> 00:24:03,720
Speaker 4: a better way.

609
00:24:04,000 --> 00:24:06,880
Speaker 1: Yeah, I certainly agree with that. It's what I did

610
00:24:06,920 --> 00:24:09,520
Speaker 1: in my own life. I started buying properties, fixing and

611
00:24:09,520 --> 00:24:12,040
Speaker 1: flipping them. I didn't own my house. I rented. It

612
00:24:12,080 --> 00:24:14,240
Speaker 1: wasn't until much later that I actually bought a house

613
00:24:14,240 --> 00:24:15,800
Speaker 1: for myself, when I got married and had a kid.

614
00:24:16,080 --> 00:24:17,520
Speaker 1: Then in two thousand and eight, I got wiped out.

615
00:24:17,520 --> 00:24:19,640
Speaker 1: I had to start over again, and instead of going

616
00:24:19,640 --> 00:24:22,159
Speaker 1: and buying home, I started buying investments again. And I

617
00:24:22,680 --> 00:24:26,359
Speaker 1: was a renter for like about eight years. And you know,

618
00:24:26,440 --> 00:24:28,280
Speaker 1: my kids were growing up, and I would have loved

619
00:24:28,359 --> 00:24:30,920
Speaker 1: to have a house for my kids without having to rent.

620
00:24:31,040 --> 00:24:32,760
Speaker 2: But it was like, look, man.

621
00:24:32,760 --> 00:24:35,600
Speaker 1: I'm going to put this much money down to have

622
00:24:35,640 --> 00:24:37,199
Speaker 1: the same payment as I can just rent for but

623
00:24:37,240 --> 00:24:39,840
Speaker 1: I could put that money into other investments and make

624
00:24:39,920 --> 00:24:41,359
Speaker 1: multiple times on my payment.

625
00:24:41,359 --> 00:24:42,040
Speaker 2: Why would I do that?

626
00:24:42,240 --> 00:24:44,080
Speaker 1: And so I just continue to invest, invest and tell

627
00:24:44,119 --> 00:24:46,119
Speaker 1: the point where I got to the point where I

628
00:24:46,119 --> 00:24:48,080
Speaker 1: had enough money where I didn't care anymore. Not that

629
00:24:48,119 --> 00:24:49,560
Speaker 1: I don't have any care anymore, but I didn't care

630
00:24:49,600 --> 00:24:51,600
Speaker 1: about like do I own a rent. I'm like, I'm

631
00:24:51,640 --> 00:24:53,320
Speaker 1: just gonna rent. I mean, I'm just going to buy.

632
00:24:53,800 --> 00:24:56,040
Speaker 1: But I agree, I did it my own life twice.

633
00:24:56,119 --> 00:24:58,120
Speaker 1: I think it's the sacrifice that everyone needs to make

634
00:24:58,160 --> 00:25:00,359
Speaker 1: as well. Get your money working first.

635
00:25:01,000 --> 00:25:03,680
Speaker 3: Yeah, for me, this is a fun, fun game, right.

636
00:25:03,720 --> 00:25:04,879
Speaker 3: I love this part of it.

637
00:25:04,920 --> 00:25:06,960
Speaker 4: And so for me, you know, like some people, you know,

638
00:25:07,000 --> 00:25:09,359
Speaker 4: they want to become an NBA champion, they want to

639
00:25:09,720 --> 00:25:12,160
Speaker 4: go win the World Series, and I think those are beautiful,

640
00:25:12,160 --> 00:25:13,840
Speaker 4: amazing pursuits. For me, I got to a point in

641
00:25:13,840 --> 00:25:15,879
Speaker 4: time where I started looking at money and I started

642
00:25:15,920 --> 00:25:17,240
Speaker 4: looking at the game, and like, I want to be

643
00:25:17,280 --> 00:25:17,679
Speaker 4: the best.

644
00:25:18,040 --> 00:25:19,080
Speaker 3: I wanted to get to that point.

645
00:25:19,080 --> 00:25:21,119
Speaker 4: It's like that Kobe Bryant mentality, especially you're out in

646
00:25:21,160 --> 00:25:23,159
Speaker 4: California right where I just you know, wanted to be

647
00:25:23,160 --> 00:25:27,119
Speaker 4: a momba of real estate and investing. And and now

648
00:25:27,280 --> 00:25:32,040
Speaker 4: that we've achieved these financial, you know, pinnacles, it's how

649
00:25:32,040 --> 00:25:34,560
Speaker 4: do we help others do that? Because what I started

650
00:25:34,600 --> 00:25:37,400
Speaker 4: to realize when our students came to me and they said, Dutch,

651
00:25:37,440 --> 00:25:39,600
Speaker 4: your education is great, Well, we love the training, but

652
00:25:39,840 --> 00:25:40,560
Speaker 4: invest with us.

653
00:25:40,800 --> 00:25:41,920
Speaker 3: Put your money where your mouth is.

654
00:25:41,960 --> 00:25:43,479
Speaker 4: A lot of people teach and they don't train on

655
00:25:43,560 --> 00:25:45,919
Speaker 4: some people train and they don't do and they just said, like,

656
00:25:46,000 --> 00:25:48,040
Speaker 4: prove it, do it with us. And so when I

657
00:25:48,040 --> 00:25:51,399
Speaker 4: started investing together, I went from a few million dollars

658
00:25:51,440 --> 00:25:54,640
Speaker 4: in my own my own empire, right, my own little universe,

659
00:25:54,720 --> 00:25:57,360
Speaker 4: right to hundreds of millions of dollars and a short

660
00:25:57,440 --> 00:25:59,600
Speaker 4: number of years because we started doing it together. And

661
00:25:59,640 --> 00:26:02,040
Speaker 4: I think that that's the beautiful part about alternative investing

662
00:26:02,080 --> 00:26:03,760
Speaker 4: the jobs at twenty twelve.

663
00:26:03,800 --> 00:26:04,920
Speaker 3: The alternative to Wall.

664
00:26:04,720 --> 00:26:07,119
Speaker 4: Street is that ability to be able to co invest,

665
00:26:07,160 --> 00:26:09,399
Speaker 4: to do it together, that you're not alone. And I

666
00:26:09,440 --> 00:26:11,480
Speaker 4: think so many people with their money that there's this

667
00:26:11,880 --> 00:26:15,119
Speaker 4: part of them where they're just feel alone, and that

668
00:26:15,200 --> 00:26:16,800
Speaker 4: kind of sucks because they don't have to be.

669
00:26:17,119 --> 00:26:18,439
Speaker 3: But at the same time, who do you listen to?

670
00:26:18,720 --> 00:26:20,399
Speaker 3: There's so much get quick rich? Right.

671
00:26:20,400 --> 00:26:22,399
Speaker 4: When I say an accelerated plan to wealth, I'm not

672
00:26:22,440 --> 00:26:24,120
Speaker 4: talking about get quick rich. I'm not going to tell

673
00:26:24,119 --> 00:26:25,960
Speaker 4: you sit on a couch with the remote control and

674
00:26:26,320 --> 00:26:28,280
Speaker 4: somehow you're going to buy, you know, a piece of

675
00:26:28,280 --> 00:26:31,520
Speaker 4: real estate and some bitcoin in Yugoslavia and suddenly you're

676
00:26:31,520 --> 00:26:32,480
Speaker 4: going to become a billionaire.

677
00:26:32,560 --> 00:26:34,040
Speaker 3: Right. What I am going to say is there's a

678
00:26:34,080 --> 00:26:36,240
Speaker 3: systematic process. There's a systematic.

679
00:26:35,800 --> 00:26:38,439
Speaker 4: Step by step that if we can follow it and

680
00:26:38,480 --> 00:26:41,000
Speaker 4: we can do it together, the wealth you can achieve

681
00:26:41,040 --> 00:26:42,240
Speaker 4: is it's fun.

682
00:26:42,400 --> 00:26:44,160
Speaker 2: Yeah, well, I couldn't. I couldn't agree more.

683
00:26:44,280 --> 00:26:44,439
Speaker 3: You know.

684
00:26:44,560 --> 00:26:47,280
Speaker 1: Unfortunately, on an earlier segment, I was talking about how

685
00:26:47,400 --> 00:26:50,399
Speaker 1: Vladimir Lenin President of Russia, and he said that the

686
00:26:50,440 --> 00:26:52,920
Speaker 1: best way to destroy the currency, I'm sorry, to destroy

687
00:26:53,000 --> 00:26:55,920
Speaker 1: capitalism is to destroy the currency through inflation. And then

688
00:26:55,960 --> 00:26:58,080
Speaker 1: you destroy it inflate with inflation so much that the

689
00:26:58,119 --> 00:27:00,679
Speaker 1: best way to get rich would be with gambling or theft.

690
00:27:01,040 --> 00:27:02,760
Speaker 1: And so that's exactly kind of where the world we're in.

691
00:27:02,960 --> 00:27:04,800
Speaker 1: Everybody wants to get rich quick, and so we're all

692
00:27:04,840 --> 00:27:07,119
Speaker 1: trying to gamble, what's the next crypto, what's the next AI,

693
00:27:07,280 --> 00:27:10,040
Speaker 1: what's the next whatever options trade or whatever it is

694
00:27:10,240 --> 00:27:14,840
Speaker 1: or scheme or scam. And unfortunately, you know, the road

695
00:27:14,880 --> 00:27:18,280
Speaker 1: to wealth is pretty straightforward. It just doesn't come overnight,

696
00:27:18,280 --> 00:27:19,920
Speaker 1: but it can come quickly if you know what you're doing.

697
00:27:20,040 --> 00:27:21,640
Speaker 1: If you're just tuned in you're listening to the Mark

698
00:27:21,680 --> 00:27:23,760
Speaker 1: Moss Show. I'm sitting down with Dutch mende Hall. He's

699
00:27:23,800 --> 00:27:26,440
Speaker 1: the co founder and CEO of rad Diversified. We're talking

700
00:27:26,440 --> 00:27:29,399
Speaker 1: about his brand new book called Money Shackles, and I

701
00:27:29,440 --> 00:27:31,320
Speaker 1: want to get into we got to take a quick break,

702
00:27:31,359 --> 00:27:32,680
Speaker 1: but when we come back, I want to get into

703
00:27:32,720 --> 00:27:34,800
Speaker 1: some of these methodical steps that people could start taking

704
00:27:34,840 --> 00:27:36,439
Speaker 1: in their own lives, So we'll cover that when we

705
00:27:36,440 --> 00:27:36,719
Speaker 1: come back.

706
00:27:36,720 --> 00:27:38,800
Speaker 2: You don't want to miss this. It's actionable, so don't

707
00:27:38,800 --> 00:27:39,080
Speaker 2: go away.

708
00:27:39,119 --> 00:27:39,760
Speaker 1: We'll be right back.

709
00:27:40,520 --> 00:27:41,239
Speaker 2: All right, Welcome back.

710
00:27:41,280 --> 00:27:43,400
Speaker 1: If you just tune in, you're listening to the Marcromas Show,

711
00:27:43,720 --> 00:27:45,439
Speaker 1: and I am sitting down with Dutch mende Hall. He

712
00:27:45,480 --> 00:27:47,959
Speaker 1: is the co founder and CEO of rad Diversified, President

713
00:27:48,000 --> 00:27:50,560
Speaker 1: of the Alternative Investment Association. We've been talking about his

714
00:27:50,640 --> 00:27:52,919
Speaker 1: new book, Money Shackles and some things that the average

715
00:27:52,920 --> 00:27:54,080
Speaker 1: person can do to really.

716
00:27:53,960 --> 00:27:55,040
Speaker 2: Kind of put themselves ahead.

717
00:27:55,320 --> 00:27:58,560
Speaker 1: And you'd said that there's maybe a few methodical steps

718
00:27:58,560 --> 00:28:01,160
Speaker 1: that people could take. Maybe give a couple of those

719
00:28:01,160 --> 00:28:03,280
Speaker 1: steps kind of briefly so people might know a little

720
00:28:03,280 --> 00:28:04,560
Speaker 1: bit of a roadmap for themselves.

721
00:28:05,000 --> 00:28:05,200
Speaker 3: Yeah.

722
00:28:05,280 --> 00:28:08,439
Speaker 4: I mean, obviously, step number one is knowledge, right, decide

723
00:28:08,560 --> 00:28:10,919
Speaker 4: you're gonna make this a pursuit. If you want to

724
00:28:10,960 --> 00:28:12,960
Speaker 4: be a millionaire, you want to be a multimillionaire, step

725
00:28:13,000 --> 00:28:14,520
Speaker 4: number one is you have to decide you're going to

726
00:28:14,520 --> 00:28:17,000
Speaker 4: be a multimillionaire. Once you've made that decision, then you

727
00:28:17,080 --> 00:28:19,080
Speaker 4: got to follow up with a knowledge chase. If you're

728
00:28:19,119 --> 00:28:21,679
Speaker 4: chasing the knowledge hard and you're gaining the knowledge, then

729
00:28:21,720 --> 00:28:23,639
Speaker 4: you can need to breathe a little bit, because sometimes

730
00:28:23,640 --> 00:28:25,240
Speaker 4: people start to get in a rush, and that's where

731
00:28:25,240 --> 00:28:27,200
Speaker 4: they start to make mistakes, and so they got to

732
00:28:27,200 --> 00:28:29,440
Speaker 4: make sure that they're taking their time, but they're moving

733
00:28:29,480 --> 00:28:32,680
Speaker 4: with urgency all at the same time. In money shackles,

734
00:28:32,720 --> 00:28:34,840
Speaker 4: we have these charts and they're called our freedom charts

735
00:28:34,960 --> 00:28:36,840
Speaker 4: where they take them step by step through some of

736
00:28:36,880 --> 00:28:38,800
Speaker 4: these and some of them are mental, but some of

737
00:28:38,800 --> 00:28:42,280
Speaker 4: them are actual, tangible, you know, very specific financial step

738
00:28:42,320 --> 00:28:44,440
Speaker 4: by step, like if you're not budgeting, if you're not

739
00:28:44,640 --> 00:28:47,960
Speaker 4: at least taking them the time right every single month.

740
00:28:47,960 --> 00:28:50,560
Speaker 4: And you can do this through some really easy applications

741
00:28:50,560 --> 00:28:52,160
Speaker 4: and easy apps where you know.

742
00:28:52,120 --> 00:28:54,360
Speaker 3: Here's how much money you made, here's how much money

743
00:28:54,360 --> 00:28:54,760
Speaker 3: you spent.

744
00:28:55,240 --> 00:28:57,200
Speaker 4: What's in the middle, right, and that part in the

745
00:28:57,200 --> 00:28:59,840
Speaker 4: middle And it's mind blowing, but nobody teaches you.

746
00:29:00,000 --> 00:29:01,560
Speaker 3: Scrowing up. I didn't know what a credit card was

747
00:29:01,560 --> 00:29:02,480
Speaker 3: at ten years old.

748
00:29:02,640 --> 00:29:04,960
Speaker 4: It's a lot of people do, but some people don't.

749
00:29:05,200 --> 00:29:08,000
Speaker 4: And so you know, credit is important, right. I recently

750
00:29:08,160 --> 00:29:09,720
Speaker 4: I saw a video of someone saying credit, up your

751
00:29:09,760 --> 00:29:11,280
Speaker 4: credit cards, you know, get rid of your I'm like,

752
00:29:11,280 --> 00:29:13,280
Speaker 4: you need credit. We live in a debt system, like

753
00:29:13,320 --> 00:29:15,920
Speaker 4: you were saying earlier, Mark, it's critical.

754
00:29:16,400 --> 00:29:18,320
Speaker 1: Yeah, it's so good now you know some of the

755
00:29:18,320 --> 00:29:20,680
Speaker 1: things that we have today. Unfortunately, I get thousands of

756
00:29:21,040 --> 00:29:23,960
Speaker 1: Unfortunately I get thousands of comments across my social platforms

757
00:29:24,040 --> 00:29:27,040
Speaker 1: during the week, and unfortunately I see too many comments

758
00:29:27,040 --> 00:29:30,360
Speaker 1: of people who are victims and why even bother the

759
00:29:30,440 --> 00:29:32,880
Speaker 1: systems rigged against me. I'm never going to get ahead

760
00:29:32,880 --> 00:29:34,400
Speaker 1: and blah blah blah blah blah, even though we know

761
00:29:34,440 --> 00:29:36,560
Speaker 1: that's not true because we see people every day getting ahead.

762
00:29:36,800 --> 00:29:38,120
Speaker 1: But I think a lot of it comes down to

763
00:29:38,160 --> 00:29:41,640
Speaker 1: sort of like this economic discrimination where really the kind

764
00:29:41,680 --> 00:29:43,680
Speaker 1: of rules are set up to kind of favor a

765
00:29:43,680 --> 00:29:46,000
Speaker 1: certain group of people. So for example, like a credit

766
00:29:46,120 --> 00:29:48,960
Speaker 1: investor laws or something like that. What's your take on

767
00:29:49,000 --> 00:29:52,400
Speaker 1: the economic discrimination and potentially you know, a group of

768
00:29:52,400 --> 00:29:54,320
Speaker 1: people being held back by something like that.

769
00:29:54,800 --> 00:29:55,960
Speaker 3: Yeah, I mean it's hard.

770
00:29:56,000 --> 00:29:58,600
Speaker 4: The system's rigged when you don't have the knowledge, right,

771
00:29:58,720 --> 00:30:01,200
Speaker 4: when you don't have the understanding of what's possible. But

772
00:30:01,280 --> 00:30:02,520
Speaker 4: after you have the knowledge, you have to had this

773
00:30:02,600 --> 00:30:05,320
Speaker 4: belief system on what you can do and what's possible.

774
00:30:05,360 --> 00:30:07,080
Speaker 4: And so what people are doing is they're ringing the

775
00:30:07,120 --> 00:30:10,560
Speaker 4: system against themselves. But then there's part of it and

776
00:30:10,560 --> 00:30:14,160
Speaker 4: this economic discrimination thing. It's really mind blowing. I would

777
00:30:14,200 --> 00:30:16,600
Speaker 4: love for our voices Mark to carry out and shout

778
00:30:16,640 --> 00:30:19,800
Speaker 4: out and say, hey, politicians, twenty twenty four election right,

779
00:30:19,920 --> 00:30:24,320
Speaker 4: change what this is forever. It is absolutely accredited versus

780
00:30:24,320 --> 00:30:26,240
Speaker 4: non accredited investor is discriminatory.

781
00:30:26,280 --> 00:30:27,560
Speaker 3: It's economic discrimination.

782
00:30:27,640 --> 00:30:30,680
Speaker 4: It's the last fully legal discrimination I've heard of in

783
00:30:31,080 --> 00:30:33,720
Speaker 4: our country. When you tell someone that they don't have

784
00:30:33,760 --> 00:30:36,240
Speaker 4: the same equal opportunity as someone just because they have

785
00:30:36,320 --> 00:30:38,880
Speaker 4: more money, it's mind blowing to me, Like we all

786
00:30:38,880 --> 00:30:41,360
Speaker 4: are supposed to have an equal pursuit of happiness. Well

787
00:30:41,360 --> 00:30:44,480
Speaker 4: that is impossible with the accredited non accredit And what's

788
00:30:44,680 --> 00:30:47,040
Speaker 4: the Jobs Acted in twenty twelve is they kind of

789
00:30:47,560 --> 00:30:49,720
Speaker 4: changed the game a little bit in the sense that

790
00:30:49,720 --> 00:30:52,680
Speaker 4: they said, hey, there's these non accredited investors can invest

791
00:30:52,720 --> 00:30:56,080
Speaker 4: in these regulations, non traded but public companies, and they

792
00:30:56,120 --> 00:30:58,800
Speaker 4: can have access to investments, but they can only invest

793
00:30:58,800 --> 00:30:59,680
Speaker 4: ten percent of their savings.

794
00:30:59,760 --> 00:31:01,240
Speaker 3: Or that's discriminatory.

795
00:31:01,640 --> 00:31:03,400
Speaker 4: If you're going to put a label on me because

796
00:31:03,400 --> 00:31:05,959
Speaker 4: of how much money I have and limit my opportunities

797
00:31:06,040 --> 00:31:08,440
Speaker 4: or give me more opportunities on what I can invest into.

798
00:31:09,160 --> 00:31:11,840
Speaker 4: It's embarrassing in a country that has gotten as far

799
00:31:11,920 --> 00:31:14,080
Speaker 4: as we have, but you can't allow that to affect

800
00:31:14,120 --> 00:31:17,480
Speaker 4: you as an investor because you can't control what they're doing.

801
00:31:17,520 --> 00:31:19,640
Speaker 4: We can have a voice, we can get behind this

802
00:31:20,040 --> 00:31:22,720
Speaker 4: mission together. And I've had a lot of thought leaders

803
00:31:22,720 --> 00:31:25,040
Speaker 4: across America start to take up this chance and this

804
00:31:25,160 --> 00:31:28,320
Speaker 4: belief with me because it's powerful and important. It's one

805
00:31:28,320 --> 00:31:31,280
Speaker 4: of the reasons I started getting into farmland. I realized

806
00:31:31,280 --> 00:31:35,080
Speaker 4: that the CCP right, we're buying land in America. Right,

807
00:31:35,160 --> 00:31:37,720
Speaker 4: China was buying land in America. You know recently there's

808
00:31:37,720 --> 00:31:39,800
Speaker 4: been a lawsuit. I actually think it's in California, right.

809
00:31:39,840 --> 00:31:41,880
Speaker 4: I told Gavin Newsoen, like I said, you got to

810
00:31:41,920 --> 00:31:44,520
Speaker 4: step up, right. I did this great video on it

811
00:31:44,560 --> 00:31:46,280
Speaker 4: because like he needs to step up and put an

812
00:31:46,320 --> 00:31:49,160
Speaker 4: end to it. There's you know, acreage bought right around

813
00:31:49,200 --> 00:31:51,960
Speaker 4: a military base. So we started buying an American farmland when

814
00:31:52,000 --> 00:31:54,760
Speaker 4: the pandemic hit, and we found that every single acre

815
00:31:54,800 --> 00:31:56,920
Speaker 4: of land is just like an apartment, just like in rental.

816
00:31:57,120 --> 00:31:58,880
Speaker 4: And if we can maximize the income on it, we

817
00:31:58,920 --> 00:32:00,920
Speaker 4: can really increase the value of farmland.

818
00:32:00,960 --> 00:32:03,800
Speaker 3: So we opened Right America, our newest investment fund. Because

819
00:32:03,800 --> 00:32:04,560
Speaker 3: there's certain.

820
00:32:04,320 --> 00:32:06,480
Speaker 4: Things like if you're going to have a belief, I say, like,

821
00:32:06,520 --> 00:32:08,280
Speaker 4: if you don't believe in our warriors and our soldiers

822
00:32:08,280 --> 00:32:10,640
Speaker 4: here in America, then don't invest with us. If you

823
00:32:10,680 --> 00:32:12,360
Speaker 4: don't believe that that you know, we have the greatest

824
00:32:12,360 --> 00:32:14,680
Speaker 4: military and that's why we're safe here in the US,

825
00:32:14,720 --> 00:32:16,200
Speaker 4: and why we don't have to walk down the street

826
00:32:16,200 --> 00:32:18,600
Speaker 4: and worry about an ID going off or worry. You know,

827
00:32:18,840 --> 00:32:21,280
Speaker 4: they've kept us safe. And so we believe in our

828
00:32:21,360 --> 00:32:24,000
Speaker 4: land and we believe in our country. The reason I

829
00:32:24,000 --> 00:32:25,840
Speaker 4: wrote Money Shackles is because I want to help every

830
00:32:25,920 --> 00:32:30,560
Speaker 4: day Americans redefine their American dream build a financial prosperity.

831
00:32:30,760 --> 00:32:32,680
Speaker 4: And if we don't put money behind these missions and

832
00:32:32,720 --> 00:32:35,840
Speaker 4: behind these causes, they'll never have power. Right, And money

833
00:32:35,960 --> 00:32:37,960
Speaker 4: is power, and money is a part of power in

834
00:32:38,000 --> 00:32:40,320
Speaker 4: American and it's important that Americans understand it. And so

835
00:32:40,360 --> 00:32:43,000
Speaker 4: they have to choose what they're going to invest in wisely.

836
00:32:43,200 --> 00:32:45,640
Speaker 4: And if they just blindly give their money to the

837
00:32:45,920 --> 00:32:48,760
Speaker 4: to the wrong companies and the wrong organizations that aren't

838
00:32:48,760 --> 00:32:52,120
Speaker 4: aren't furthering the protection of this country, the lifting up

839
00:32:52,160 --> 00:32:53,120
Speaker 4: of everyday Americans.

840
00:32:53,760 --> 00:32:54,680
Speaker 3: They're making a mistake.

841
00:32:54,840 --> 00:32:57,040
Speaker 1: Tell me more about that farmland piece, because I know

842
00:32:57,200 --> 00:32:59,360
Speaker 1: that farmland is a great investment. We've seen, you know,

843
00:32:59,520 --> 00:33:01,920
Speaker 1: like the news headlines going around where not only the CCP,

844
00:33:02,040 --> 00:33:04,000
Speaker 1: but you know, Bill Gates also becoming like the largest

845
00:33:04,440 --> 00:33:08,320
Speaker 1: owner of farmland. Certainly, I'm happy to kind of maybe

846
00:33:08,760 --> 00:33:11,160
Speaker 1: dip my toe in the conspiratorial waters, if you will.

847
00:33:11,160 --> 00:33:13,400
Speaker 1: But part of the reason why Bill Gates buys farmland

848
00:33:13,440 --> 00:33:14,640
Speaker 1: is because it's a dang good investment.

849
00:33:14,960 --> 00:33:16,400
Speaker 2: Maybe break that down a little bit.

850
00:33:17,200 --> 00:33:19,200
Speaker 1: How you look at investing a farmland, why you think

851
00:33:19,200 --> 00:33:21,640
Speaker 1: it's important from an investment standpoint, not just from a

852
00:33:21,760 --> 00:33:22,720
Speaker 1: land standpoint.

853
00:33:23,040 --> 00:33:25,719
Speaker 4: Farmland in America, you know, can can range anywhere from

854
00:33:25,760 --> 00:33:28,120
Speaker 4: fifteen hundred dollars an acre to all the way up

855
00:33:28,120 --> 00:33:30,080
Speaker 4: to six seven thousand dollars an acre.

856
00:33:30,240 --> 00:33:32,480
Speaker 3: Right in the last decade now we.

857
00:33:32,480 --> 00:33:35,480
Speaker 4: Have found that we believe that farmland prices right per acre.

858
00:33:35,560 --> 00:33:39,479
Speaker 4: Fully you know, irrigated, fully running farmland will be anywhere

859
00:33:39,520 --> 00:33:41,600
Speaker 4: from ten thousand all the way up to a named

860
00:33:41,640 --> 00:33:44,000
Speaker 4: farm up to twenty thousand an acre. Right, there's a

861
00:33:44,040 --> 00:33:47,200
Speaker 4: bunch of athletes that bought you know, farmland acreage in

862
00:33:47,360 --> 00:33:50,160
Speaker 4: Iowa for thirty thousand dollars an acre, and so, you know,

863
00:33:50,360 --> 00:33:53,320
Speaker 4: just the long term play value play of farmland's incredible.

864
00:33:53,480 --> 00:33:55,560
Speaker 4: But in the meantime, what's incredible about this is it

865
00:33:55,600 --> 00:33:58,560
Speaker 4: produces income. And what I what I found is that

866
00:33:58,840 --> 00:34:01,400
Speaker 4: for us as a company, we have ability to you know,

867
00:34:01,440 --> 00:34:04,280
Speaker 4: take irrigation to new levels where we use less water,

868
00:34:04,320 --> 00:34:06,680
Speaker 4: but the land is more taken care of, to take

869
00:34:06,720 --> 00:34:10,520
Speaker 4: soil testing to another level so that it yields more crops. Right,

870
00:34:10,560 --> 00:34:13,239
Speaker 4: We're a big believer in natural and pure farming. We

871
00:34:13,280 --> 00:34:15,399
Speaker 4: even do some no till farming so that the land

872
00:34:15,880 --> 00:34:18,400
Speaker 4: is growing and being replenished because soil is one of

873
00:34:18,400 --> 00:34:20,920
Speaker 4: our great natural resources in America. Were one of the

874
00:34:20,920 --> 00:34:23,520
Speaker 4: great food suppliers in the world. And so our ability

875
00:34:23,560 --> 00:34:27,479
Speaker 4: to take farm increase the income be able to take.

876
00:34:27,640 --> 00:34:29,360
Speaker 4: You know, in some ways, it was take advantage of

877
00:34:29,360 --> 00:34:31,600
Speaker 4: what hyperinflation was going to bring. I knew that there

878
00:34:31,640 --> 00:34:34,000
Speaker 4: were supply chain issues when the pandemic hit. I knew

879
00:34:34,040 --> 00:34:37,520
Speaker 4: that rushing Ukraine were fighting wars, and so Ukraine's the

880
00:34:37,560 --> 00:34:39,440
Speaker 4: largest producer of wheat in the world. So we planted

881
00:34:39,480 --> 00:34:42,600
Speaker 4: wheat on our farms and we went up two x

882
00:34:42,680 --> 00:34:45,439
Speaker 4: right in value over over that period of time.

883
00:34:45,480 --> 00:34:47,279
Speaker 3: And so for us, it's about, you know, what's going

884
00:34:47,320 --> 00:34:47,960
Speaker 3: to produce.

885
00:34:47,719 --> 00:34:50,560
Speaker 4: The maximum return for our investors, but also protect our

886
00:34:50,600 --> 00:34:53,160
Speaker 4: country and be a good, good investment for people.

887
00:34:53,239 --> 00:34:54,480
Speaker 3: So I love farmland.

888
00:34:54,480 --> 00:34:57,719
Speaker 4: Like we've gone from a few hundred acres to thousands

889
00:34:57,719 --> 00:35:00,239
Speaker 4: and thousands and thousands of acres as a company, And

890
00:35:00,239 --> 00:35:02,640
Speaker 4: we opened Right America because we saw this as you know,

891
00:35:03,000 --> 00:35:05,759
Speaker 4: instead of Bill Gates owning it or Bezos, which people

892
00:35:05,760 --> 00:35:07,960
Speaker 4: don't talk about, who owns a crap ton of farmland

893
00:35:08,560 --> 00:35:10,799
Speaker 4: as well, right, And I don't have anything against you know,

894
00:35:10,880 --> 00:35:15,359
Speaker 4: wealthy Americans owning farmlands unless they have nefarious purposes or causes, right.

895
00:35:15,600 --> 00:35:18,319
Speaker 3: And so for me, I'd rather, you know, keep.

896
00:35:18,200 --> 00:35:21,799
Speaker 4: Foreign countries from owning American farmland, which is important to me.

897
00:35:21,840 --> 00:35:26,200
Speaker 4: And laws have passed in Arkansas, Iowa, Florida right limiting that,

898
00:35:26,239 --> 00:35:29,000
Speaker 4: and I think every state in America should should limit that.

899
00:35:29,239 --> 00:35:31,960
Speaker 4: And so for me, buying this farmland, making it produce

900
00:35:32,000 --> 00:35:36,279
Speaker 4: great income, taking care of the land, keeping developers out

901
00:35:36,520 --> 00:35:39,080
Speaker 4: who want to turn good American farms into you know,

902
00:35:39,120 --> 00:35:41,080
Speaker 4: the next high rise. There's plenty of land that isn't

903
00:35:41,080 --> 00:35:43,040
Speaker 4: farmland that they can turn into the next high rise.

904
00:35:43,280 --> 00:35:45,600
Speaker 4: And so for me, it's about taking these great investments.

905
00:35:45,600 --> 00:35:48,240
Speaker 4: But the returns have been mind blowing. Our one Weezer

906
00:35:48,239 --> 00:35:50,840
Speaker 4: farm we bought for eight million dollars. We sold off

907
00:35:50,880 --> 00:35:52,560
Speaker 4: one hundred and sixty eight cres and made a five

908
00:35:52,600 --> 00:35:55,400
Speaker 4: hundred thousand dollars profit on it. And the last appraisal

909
00:35:55,480 --> 00:35:57,800
Speaker 4: we had in December of twenty twenty two was twenty

910
00:35:57,800 --> 00:35:58,960
Speaker 4: four zero point.

911
00:35:58,800 --> 00:36:00,440
Speaker 3: Five million dollars on the property.

912
00:36:00,800 --> 00:36:02,960
Speaker 4: And now, as an average American, you could say, well,

913
00:36:02,960 --> 00:36:04,120
Speaker 4: I can never buy that myself.

914
00:36:04,160 --> 00:36:05,440
Speaker 3: I get it. Neither could I.

915
00:36:06,000 --> 00:36:08,200
Speaker 4: So the question was come down and I'm very wealthy,

916
00:36:08,440 --> 00:36:10,440
Speaker 4: and so the question comes down is how did we

917
00:36:10,480 --> 00:36:10,799
Speaker 4: do that?

918
00:36:11,000 --> 00:36:11,160
Speaker 3: Well?

919
00:36:11,200 --> 00:36:14,640
Speaker 4: We did it together through the fractionalized ownership, through the systems.

920
00:36:14,800 --> 00:36:17,480
Speaker 4: I mean, we've become one of the largest crowdfunders in America.

921
00:36:17,560 --> 00:36:19,680
Speaker 4: And for me, investing in the right things with that

922
00:36:19,719 --> 00:36:21,520
Speaker 4: money is critical. I always say to my investors, it's

923
00:36:21,520 --> 00:36:23,560
Speaker 4: your money. Let us be a steward, let us be

924
00:36:23,600 --> 00:36:25,799
Speaker 4: a guy. Let's put it to work for you, right,

925
00:36:25,880 --> 00:36:29,480
Speaker 4: And there's other companies that are incredible that people can

926
00:36:29,520 --> 00:36:31,640
Speaker 4: invest into, and so in Money Shackles, we actually give

927
00:36:31,800 --> 00:36:34,400
Speaker 4: all the crowdfunding platforms that we think people can go

928
00:36:34,440 --> 00:36:36,880
Speaker 4: to and really take a look at alternative investments.

929
00:36:37,120 --> 00:36:39,640
Speaker 3: We give you the tools. It's an awesome way to

930
00:36:39,640 --> 00:36:42,000
Speaker 3: do man, thank you for letting me share.

931
00:36:42,000 --> 00:36:43,440
Speaker 2: It's awesome. I love farmland.

932
00:36:43,440 --> 00:36:45,040
Speaker 1: Farmland has been a great way to store wealth for

933
00:36:45,080 --> 00:36:47,520
Speaker 1: a long period of time, and it's important to keep

934
00:36:47,520 --> 00:36:51,000
Speaker 1: it decentralized. So I'm all in on farmland, maybe because

935
00:36:51,040 --> 00:36:53,680
Speaker 1: my grandfather was a farmer. My father was a farmer.

936
00:36:53,760 --> 00:36:55,279
Speaker 1: If you're just tune in, you've been listening to the

937
00:36:55,320 --> 00:36:57,480
Speaker 1: Mark Maus Show. I've been sitting down with Dutch Mendenhall.

938
00:36:57,520 --> 00:37:00,400
Speaker 1: He's the co founder and CEO of Rad Diversified, President

939
00:37:00,440 --> 00:37:02,719
Speaker 1: of the Alternative Investment Association, and we've been talking about

940
00:37:02,719 --> 00:37:06,840
Speaker 1: this brand new book titled Money Shackles. Highly recommend you

941
00:37:06,920 --> 00:37:09,360
Speaker 1: checking it out. It's well worth your time. Adding some

942
00:37:09,440 --> 00:37:11,480
Speaker 1: of that information, that knowledge into your life is going

943
00:37:11,520 --> 00:37:12,360
Speaker 1: to make a big difference.

944
00:37:12,560 --> 00:37:13,080
Speaker 2: Check it out.

945
00:37:13,120 --> 00:37:15,680
Speaker 1: Thead dot com that's t H E R A d

946
00:37:16,120 --> 00:37:18,000
Speaker 1: dot com And that's what we got for today.

947
00:37:18,000 --> 00:37:18,880
Speaker 2: Thanks so much for listening