Speaker 1: Earners.
Speaker 2: What's up.
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Speaker 4: For anyone who may be watching right now and they're like, Okay,
Speaker 4: with all this doom and gloom, what's the point if
Speaker 4: the system is read, can we give them a conclude
Speaker 4: answer about why you still have to invest despite of
Speaker 4: the conditions we may face in roadblocks that may be
Speaker 4: thrown away.
Speaker 5: I mean, it's the only option, Like he said, you know,
Speaker 5: the only three ways to get the bill Welk in
Speaker 5: his country is is real estate, stocks.
Speaker 1: And business.
Speaker 5: You noticed he didn't say working a job, saving. He
Speaker 5: didn't say any of that. So at the end of
Speaker 5: the day, Republican, Democrat, independent, doesn't matter. If your goal
Speaker 5: is to have financial freedom, which people that watch just
Speaker 5: show that's usually their goal. You have to invest. That's
Speaker 5: the only the only way. It's the only way to
Speaker 5: have financial freedom. Now, you're still going to have other
Speaker 5: issues in life, but this show is focused on financial freedom.
Speaker 5: So yeah, with that being said, at least me to
Speaker 5: my next question. Beyond stocks, what are some alternative sources
Speaker 5: of income for those looking to invest heavily while moving
Speaker 5: beyond a traditional nine to five job.
Speaker 1: I mean, we just talked to hit the nail on
Speaker 1: the head.
Speaker 4: You have to build a business or build something that
Speaker 4: that you're best.
Speaker 1: In the world.
Speaker 4: I know it's not an answer that everyone loves, but
Speaker 4: even when we're talking yesterday about networking tips, a keep
Speaker 4: your pitch down to ten seconds because it's going to
Speaker 4: be people meeting all day, all night. But when you're
Speaker 4: looking to build a business, what can you do that
Speaker 4: someone else in the world is not able to do?
Speaker 4: You want to enter a field that doesn't have a
Speaker 4: ton of competition. So like when chat GPT came onto
Speaker 4: the scene, they have more competitors now, but for seventy
Speaker 4: five years they were trying to make something like that.
Speaker 1: They were the ones that were able to execute it.
Speaker 4: Google, who dropped the fucking ball, were supposed to have
Speaker 4: come out with something like this eight years ago.
Speaker 1: They didn't do it. What can you build?
Speaker 4: What resource can you give to your community, to the
Speaker 4: world that no one else can do, and then you'll
Speaker 4: get a win fall from there. You have to build
Speaker 4: a business or help someone build theirs. So going back
Speaker 4: to the CEO of Starbucks, now, his skill set is
Speaker 4: so valuable that it's worth paying them one hundred and
Speaker 4: thirteen million dollars and conversation to help resurrect Starbucks from
Speaker 4: where they are now to where.
Speaker 1: They should be.
Speaker 4: So be so valuable that you can increase the evaluation
Speaker 4: of a company. That's the only way you have to
Speaker 4: build a business.
Speaker 1: Have to.
Speaker 2: Know more to it. That's it.
Speaker 4: Work on your craft every day. I keep stressing this
Speaker 4: be genuine and the people that you meet. But people
Speaker 4: can feel if you worked on your craft when you're pitching,
Speaker 4: like we'll talk about it, but you're like, hey, what
Speaker 4: can I do to get better? You guys have the
Speaker 4: conversation when Nick Cannon is like, hey, do there's networking
Speaker 4: matter more being great at your craft. The answer is both.
Speaker 4: But if you're not great at it, the connection doesn't matter.
Speaker 4: It doesn't matter. Can you put up points on the
Speaker 4: board when you get the ball in your proverbial court?
Speaker 2: Can you continuously put points up on the board?
Speaker 1: Absolutely?
Speaker 3: And the crunch time, Yeah, it's important because I mean
Speaker 3: each person is has a subjective opinion, and so is
Speaker 3: your message is going to be consistent every time?
Speaker 2: Are you going to show up every time the same way.
Speaker 1: And the output be consistent? It's important.
Speaker 3: I was gonna say, can we run through some earners
Speaker 3: really quickly? Since we're talking about obviously investing in creating business.
Speaker 3: You tell me what you think about these companies. A
Speaker 3: big week for retail. We got Low's reporting this week,
Speaker 3: we got Target so, Macy's, TJ max Is reporting, we
Speaker 3: got DJ's, Tava's reporting.
Speaker 1: Ross.
Speaker 2: What's your thoughts around retail? I think that they're seeing
Speaker 2: some Upjeck.
Speaker 4: I'm not gonna say uninvestable, but that's not why I
Speaker 4: will put my first set of cash if I have
Speaker 4: some spare cash. I don't want to lie and say
Speaker 4: that they're investable like someone else lies.
Speaker 1: Shout them. But Kava I like Target not so much.
Speaker 1: And also like, okay, what is the interest rate? This
Speaker 1: is a great exercise.
Speaker 4: What is the current interest rate versus what is the
Speaker 4: profit margin at these companies?
Speaker 1: Great exercise.
Speaker 4: So if the profit margin for Target hypothetically is eight
Speaker 4: percent in our interest rate is I don't want that
Speaker 4: kind of thing of of a margin.
Speaker 1: BJ's easy joke. I want to do it.
Speaker 4: Caba like though Ross rosses than that Ross too easy,
Speaker 4: you know what I mean? But Ross Ross I like Kava,
Speaker 4: Like who else is on there?
Speaker 2: Uh?
Speaker 3: TJ Max? TJ Max had a rough quarter, solid solid,
Speaker 3: you know, I'm interest in seeing Snowflake. Snowflake, they got
Speaker 3: beat up last quarter so bad they haven't recovered, dropped
Speaker 3: down to one fifty.
Speaker 2: I'm interested in seeing that. And then one of the
Speaker 2: darlings of the pandemic, Zoom.
Speaker 4: Remember when they said Snowflake was gonna be like the
Speaker 4: no no no no.
Speaker 3: Reality set in for them a bit. Yeah, yeah, yeah,
Speaker 3: it didn't didn't quite deliver it. Where is it's a
Speaker 3: one thirty?
Speaker 1: It was that three ninety eight, Oh baby them coach?
Speaker 3: Yeah, this year was at two thirty two in February
Speaker 3: two thirty two, and it's it took a beating. I
Speaker 3: think it was after the first quarter, second quarter earning
Speaker 3: his report, and it has it.
Speaker 2: It has a recover, that has a recover. So I'm
Speaker 2: interested to see him with how they report.
Speaker 1: Knocked down one hundred and eight bucks over the last
Speaker 1: four years.
Speaker 2: Yeah for ne though, m h yeah, unless the.
Speaker 4: Buffett going to bob a whole bunch of shars and
Speaker 4: merger with Geico.
Speaker 2: But you know, what do you think about Zoom?
Speaker 3: You're talking about one that at its peak it's trying
Speaker 3: to stay above trying to stay around above sixty dollars
Speaker 3: at this point.
Speaker 4: If you're a Zoom, who can you sell to that
Speaker 4: is a great piece of technology but has no use case?
Speaker 4: Even with that, are more people on Zoom or Instagram Live.
Speaker 2: They might have missed the point.
Speaker 4: They should have sold as soon as they got hot.
Speaker 4: I would have been making every call, just like the
Speaker 4: equity company deal a rock Nation, Hey smurgeral well, where
Speaker 4: you at speaking of which weekend?
Speaker 5: Oh?
Speaker 4: Yeah, but Zoom uninvestible.
Speaker 1: Shout to the management CEO.
Speaker 5: But we have we have to Actually, I'm glad you
Speaker 5: said this. We have to be fair about this situation.
Speaker 1: I did speak to.
Speaker 5: Dang dash who you know, you know, we reported something
Speaker 5: that everybody reported last week when it was actually a
Speaker 5: teachable moment when Rock a fella well reasonable doubt. He
Speaker 5: has a judge thing that's a judgment to sell reasonable
Speaker 5: doubt and jay Z's lawyer, so it's been going on auction,
Speaker 5: but jay Z's lawyer or Rock Nations lawyer put his
Speaker 5: statement out saying that whoever buys it is going to
Speaker 5: revert back to jay Z in twenty thirty. Essentially, you
Speaker 5: know you're discouraging people from buying it by the same
Speaker 5: point in that statement, for sure. So is that something
Speaker 5: because it's like eight hundred thousand dollars, right, It's not
Speaker 5: like it's eight hundred million dollars, right, Yeah, So is
Speaker 5: how do you feel about that? How do you what
Speaker 5: that's something that you would do? How do you feel?
Speaker 5: What do you what do you answer? How do you
Speaker 5: what do you think? As far as in the in
Speaker 5: the yeah, you're understands.
Speaker 2: What side of the colony is you on?
Speaker 5: If side of truth, the side of if he was
Speaker 5: the person that was had the judgment, No, the other
Speaker 5: side of the person you're on a judgment? You know,
Speaker 5: you know you're not in the position doing anything for
Speaker 5: the president, who was going to.
Speaker 4: Revert to okay, gotcha, I was actually because you know,
Speaker 4: Joseph was talking about buying it, right, I think we
Speaker 4: should buy them off a dame and given to Hope,
Speaker 4: and we should do what buy the master off a
Speaker 4: day friend and give them the whole. Why would we
Speaker 4: do that relationship?
Speaker 5: You know what I'm saying, Why would you give it?
Speaker 5: If you buy it, why would you give it?
Speaker 4: Well, how much money you think you'll be able to
Speaker 4: make off of it in a six year period? I
Speaker 4: think the return on investment on a relationship probably ten
Speaker 4: next if they bought Manhattan for twenty four dudges.
Speaker 2: They don't take me as those type of guys.
Speaker 1: Though.
Speaker 4: If it was me buying a flat out, would I
Speaker 4: to have rights to it for five or six years?
Speaker 1: No?
Speaker 4: Once again, going back to the conversation we had privately,
Speaker 4: I don't want to make it enemy out of anybody
Speaker 4: on that side.
Speaker 2: Yeah, and then you don't touch it.
Speaker 1: I mean, you know it's one because he like you know,
Speaker 1: he's uninvestable.
Speaker 4: By making that statement, he almost gave a declaration of
Speaker 4: war to say you only have five years anyway, but
Speaker 4: five or six years, but those five sec years can
Speaker 4: be Lawyers don't even make those.
Speaker 1: Statements normally run back to Sean anyway, what Yeah.
Speaker 2: Unless you don't want to you know, you don't want
Speaker 2: eck where you go to the prison.
Speaker 1: So yeah, I mean, you know, he he he.
Speaker 5: I think he's looking at from a standpoint of he's
Speaker 5: saying that, and he said this before, like you know
Speaker 5: that the bylaws were changed and the potential sale originally
Speaker 5: it was supposed to be it was supposed to be
Speaker 5: valued at twenty million, ten to twenty million, So how
Speaker 5: does it come to only eight hundred thousand? And then
Speaker 5: putting that statement out actually lowers the value even more
Speaker 5: to the point where I don't know what the market
Speaker 5: value is now or maybe one hundred thousand maybe who knows.
Speaker 5: You know, it's uh so, I guess the question would
Speaker 5: be what would be the motive for doing that? I
Speaker 5: guess that's that's the mind frame that he would kind
Speaker 5: of go in. It's like, what would be the motive
Speaker 5: of somebody doing that? Other then you know, devaluate it to.
Speaker 4: Hurt, to devaluate it and then destroy completely because if
Speaker 4: I make it uninvestable, or not a wise investment and
Speaker 4: is it going to revert back to jay z anyway
Speaker 4: is to drive the buyer's market. No different if you
Speaker 4: have a condom enemies, like, well it's contaminated with lead.
Speaker 4: Of course you're going to devalue the property for what
Speaker 4: it could go for.
Speaker 3: That's on the sale of it. But if there's a
Speaker 3: judgment on the side of it, doesn't that change it? Right,
Speaker 3: Like in the sense of it if it doesn't sell
Speaker 3: at that value, right if the judgments for eight hundred thousand,
Speaker 3: and now the value of that is going down to
Speaker 3: let's say, if it's one, there's still seven hundred thousand
Speaker 3: that needs to be made on that judgment.
Speaker 1: That hurts him, right, that hurts him design So it's.
Speaker 5: Like looking like, why would you want to hurt me
Speaker 5: more than I've already suffered?
Speaker 1: Right?
Speaker 5: Like you if you have to pay eight hundred thousand,
Speaker 5: and your asset, your only asset that you have, could
Speaker 5: potentially sell for eight hundred thousand, that'll get you out
Speaker 5: the clear. But now if that asset is deemed worthless,
Speaker 5: you still owe eight hundred thousand. So now it's just
Speaker 5: puts you in a pibbow.
Speaker 2: A different situation here.
Speaker 5: Now you got to try to figure out where're gona
Speaker 5: get eight hundred thousand from.
Speaker 4: This reminds me a lot of warm Buffett Lehman situation
Speaker 4: in two thousand and eight. I'll say the economy. But
Speaker 4: as a result, something has to fall apart that I
Speaker 4: want to fall apart.
Speaker 2: So he's saying we should call Jamie Diamond. He got
Speaker 2: the answer, let me come save you all.
Speaker 1: Yes.
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