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Speaker 1: Coach, the energy out there felt different. What changed for

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Speaker 1: the team today?

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Speaker 2: It was the new game day scratches from the California

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Speaker 2: Lottery players.

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Speaker 3: Everything.

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Speaker 2: Those games sent the team's energy through the roof.

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Speaker 1: Are you saying it was the off field play that

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Speaker 1: made the difference on the field.

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Speaker 2: Hey, little play makes your day, and today it made

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Speaker 2: the game. That's all of now, Coach, one more question.

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Speaker 4: Play the new Los Angeles Chargers, San Francisco forty nine

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Speaker 4: ers and Los Angeles Rams scratchers from the California Lottery.

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Speaker 4: A little play can make your day. Peace made responsibilit

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Speaker 4: must be eighteen years or older to purchase late or claim.

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Speaker 3: What's going on?

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Speaker 5: Earns Welcome to EYL University, the number one place for

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Speaker 5: business education.

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Speaker 6: Shoty Tale will be bringing yes. EYL University already has

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Speaker 6: over one hundred past webinars from all areas of business.

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Speaker 6: It includes weekly webinars from industry leaders and includes access

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Speaker 6: to our Investment Facebook group, movie Club, our book club.

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Speaker 6: It also includes access to monthly financial planning calls for

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Speaker 6: yours truly. But what has been added has access to

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Speaker 6: MG the Mortgage Guy's Home Buyers Blueprint over fourteen hours

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Speaker 6: everything you need to know as far as the home

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Speaker 6: buying process is concerned. And also what has been added

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Speaker 6: is access to our monthly group chat call. So once

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Speaker 6: a month, Me, Troy and the whole team is gonna

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Speaker 6: let you in on our personal plays, our portfolio, what

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Speaker 6: we're doing, and more so all of that. We are

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Speaker 6: running for a special promo code of seventy percent off

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Speaker 6: for limited time only. So at the EYL University dot

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Speaker 6: com right now and take advantage. You know it's works.

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Speaker 6: Don't wait, don't have to take it.

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Speaker 5: We'll see you on the other side.

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Speaker 7: My graduates from my school being force backdrop.

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Speaker 6: Bag drop, Mike drop backdrop drop. All right, guys, welcome

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Speaker 6: back EYL. This is a legendary episode. You notice the

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Speaker 6: backdrop is different, a little different.

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Speaker 3: We should have done that. You gotta get a shout

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Speaker 3: of that.

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Speaker 6: Yeah, for sure. For so you know, legends only, that's

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Speaker 6: that's all moderate ship. This is the legends only edition. Yeah,

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Speaker 6: we did a lot of legends. Mark Cuban of course,

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Speaker 6: the legendary Mark cubanello' neil absolutely Wow. Way, Dwyane Wade Wow,

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Speaker 6: Gary Vee Wow. Percy Miller master p.

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Speaker 3: He was in town for Saturday. I was supposed for us.

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Speaker 6: Yeah, so so so this is right in that in

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Speaker 6: that vein grant. Card Don't needs no introduction, but I'll

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Speaker 6: give them one. One of the greatest entrepreneurs of our generation.

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Speaker 6: CEO of card On Capitol where we are right now,

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Speaker 6: very impressive studio and building. Thank you for having us,

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Speaker 6: like international speaker, entrepreneur, best selling author, ten I actually

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Speaker 6: have TXT book I read. Yeah, real estate investor. I

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Speaker 6: mean one point four billion, correct.

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Speaker 3: Me, just cut me for nine hundred million dollars man. Yeah,

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Speaker 3: we're two point three billion breaking. I gotta go kill myself.

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Speaker 3: Something just happened. It's the worst Sunday of my life.

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Speaker 6: So two point three billion, yeah, yeah, two point three

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Speaker 6: billion and mostly multi family property. Yeah, throughout the United

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Speaker 6: States of America. Host of the ten Next conference, which

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Speaker 6: is a huge, huge, huge, huge deal to create. I

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Speaker 6: believe it is.

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Speaker 3: It's true.

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Speaker 6: And Dan you're are you the creator of Undercover Billionaire?

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Speaker 3: No, I'm not the creator of it. I was the

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Speaker 3: star this year the second season of Undercover Billionaire for

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Speaker 3: Discovery Plus. So you got to cut the hero look

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Speaker 3: just like you man, People like Troy.

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Speaker 6: Troy is in public, So I mean we can go

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Speaker 6: on and on, but first and foremost, thank you for

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Speaker 6: having us. Thank you. I appreciate it.

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Speaker 3: You come. Thank you guys for taking interest in what

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Speaker 3: I'm doing. Yeah, and let's get you guys the throne.

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Speaker 3: I want this to be the number one podcast show

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Speaker 3: for business in the world, your show.

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Speaker 6: We're close.

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Speaker 3: I'm gonna do what I can to push you guys.

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Speaker 6: That's away. I appreciate it. I appreciate it. So let's

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Speaker 6: get into it, all right. I want to start with

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Speaker 6: real estate, right, because you have an interesting philosophy on

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Speaker 6: real estate. Most of the time we grow up and

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Speaker 6: most people middle class people, working class people. Yeah. Yeah,

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Speaker 6: the home is the biggest purchase. Yeah, the biggest investment. Yeah,

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Speaker 6: thing that they you know, you work and you purchase

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Speaker 6: on your equity. You can refinance, you can pass it down.

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Speaker 6: All of this stuff you say, do not the home

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Speaker 6: that you live and you should not buy.

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Speaker 3: That's right.

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Speaker 6: Your home is not an asset, that's right. But you

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Speaker 6: have over two billion dollars in real estate, so you

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Speaker 6: believe in real estate, but you don't believe in your home.

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Speaker 3: Now, I believe a home is a place to live, right,

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Speaker 3: It's a place to live. You want food, you go

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Speaker 3: get food. You want a refrigerator, you want to keep

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Speaker 3: your food cold, and a refrigerator. You get a refrigerator.

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Speaker 3: You want a place to keep your refrigerator. Rent the house.

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Speaker 3: You could rent the refrigerator too. They let me rent food.

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Speaker 3: I would I just want to use it. I just

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Speaker 3: want to use it and move on. I don't want

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Speaker 3: to I don't want to be stuck there. Mobility the

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Speaker 3: ability to move to go places on this planet. Okay, Look,

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Speaker 3: if you look at Detroit. If you were invested in

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Speaker 3: a single family home on the wrong side of Detroit

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Speaker 3: in the last twenty years, you lost your money. Look

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Speaker 3: at hundred hundreds of millions of people in America lost

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Speaker 3: all their equity, all their money being invested in two

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Speaker 3: thousand and seven. In two thousand and eight, still people

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Speaker 3: underwater and homes. But what happens is see the banks. Okay,

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Speaker 3: this is the whole. This is why, like the system

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Speaker 3: is so corrupt. Okay, it's and I grew up with

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Speaker 3: a single mother and my dad died when I was ten,

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Speaker 3: and the house was paid for. They did the Grandpa Dave,

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Speaker 3: Grandpaul Dave, y'all know Grandpa Dave right, don't buy coffee, okay,

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Speaker 3: ride a bike to work, don't, don't use a car.

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Speaker 3: And oh, by the way, the only thing you should

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Speaker 3: borrow money for is a house. It's completely stupid, it's antiquated,

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Speaker 3: it is to really literally, it's a corrupt system that

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Speaker 3: is built to create it's slavery because what happens is

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Speaker 3: once I buy that house, it's a thirty year mortgage.

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Speaker 3: I'm twenty seven years old. I'm in that house. I

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Speaker 3: could be in that house till I'm fifty seven years old. Okay,

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Speaker 3: I should have taken that same five percent or ten percent.

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Speaker 3: Now it's twenty percent, and I should have taken that

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Speaker 3: money invested in myself in a business. Me and a

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Speaker 3: business can move. It can move, it can grow, it

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Speaker 3: can get big. The house can't grow if it's three

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Speaker 3: thousand square feet unless you're going to spend more money

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Speaker 3: on it's not going to get bigger, and you're never

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Speaker 3: gonna move it. And nobody's gonna come to your house

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Speaker 3: and give you money. No business has ever been done

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Speaker 3: in a home. So some of your viewers going to say, oh, yeah,

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Speaker 3: Henry Ford started in a garage and Steve Jobs started

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Speaker 3: in a garage. Yeah, but they didn't get rich staying there.

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Speaker 3: They left the garage. They left the garage to go

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Speaker 3: build a business. And so all I'm saying to you,

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Speaker 3: I moved seven times, Okay, Warren Buffett's had one house

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Speaker 3: in one car Mark Cuban. Mark Cuban's never going to

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Speaker 3: say I bought I bought houses and that's how I

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Speaker 3: became a billionaire. No, he invested in his business, he

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Speaker 3: invested in his idea, he got better at his game.

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Speaker 3: So to me, a house is a place to live,

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Speaker 3: maybe raise my family, hopefully do a good job of

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Speaker 3: doing that, you know, and it's place to be protected.

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Speaker 3: But I don't have to own it. I don't have

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Speaker 3: to own it. I could rent it. And then every

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Speaker 3: fourteen months or every time the landlord's not treat me right,

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Speaker 3: I'm like, you know what, I'm out of here, man,

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Speaker 3: I'm gonna go to a new deal, maybe a new city,

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Speaker 3: a new place.

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Speaker 5: But your real estate journey, right, So you've gotten to

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Speaker 5: this point of the billions. But it started, it's aid

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Speaker 5: at fifteen, and so I'm like, fifteen, what was that

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Speaker 5: process like when you were driving around looking for homes

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Speaker 5: with somebody that was with you and then what was

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Speaker 5: that process up until getting your first home.

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Speaker 6: I know it was a single family.

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Speaker 3: Yeah yeah, what she said, I'm never doing it again.

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Speaker 3: Yeah yeah yeah. So what happened was the first lesson

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Speaker 3: I got was at ten years old, when my dad passed.

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Speaker 3: My mom had to sell the house the next week.

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Speaker 3: This was a home that was paid for in a

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Speaker 3: good location, by the way, but she couldn't keep it up.

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Speaker 3: She was worried about the maintenance of the house. She

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Speaker 3: dumped the house. She did the responsible thing. She was terrified.

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Speaker 3: She had no money coming in, and that was the

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Speaker 3: day I learned about it. I almost wore my cash

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Speaker 3: flow shirt to that should have cash flow is king man,

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Speaker 3: the ability to have cash coming in without me having

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Speaker 3: to work. And my mom's the cash flow got stopped

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Speaker 3: because my dad stopped. Okay, my dad died, right, So

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Speaker 3: she had to dump the house, cash in the life

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Speaker 3: insurance and start selling stocks that she had so she

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Speaker 3: could accumulate cash and hold onto it. She became a

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Speaker 3: hoarder because she was scared. A hoarder, right, She was scared,

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Speaker 3: so she was trying to just hold on the money.

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Speaker 3: We sold the house downscaled at that moment, I'm like, oh,

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Speaker 3: that house was not an asset. That house became a

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Speaker 3: liability for my mother because she couldn't maintain it property taxes, electricity, utilities,

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Speaker 3: and upkeep. She didn't want that obligation in that liability.

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Speaker 3: Even though the house was paid for, She dumped it,

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Speaker 3: moved to a smaller house. She should have rented. That's

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Speaker 3: what she should have done. That way, she wouldn't have

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Speaker 3: been out any money, and she had the mobility to

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Speaker 3: move around the town as she wanted to. So I

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Speaker 3: repeated that mistake when I was twenty eight years old

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Speaker 3: because I was lazy. I took three thousand dollars bought

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Speaker 3: a single family home. It was seventy eight five hundred bucks.

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Speaker 3: It was easy to get the loan. Telling you, if

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Speaker 3: it's easy, don't do it. The system is corrupt. Banks

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Speaker 3: made more money on single family homes last year than

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Speaker 3: all the owners of single family homes combined. They make

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Speaker 3: five or six percent every year. As long as you

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Speaker 3: have a loan, they make five or six percent. Realtor

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Speaker 3: makes six percent when when you bought it, they make

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Speaker 3: six percent when you sell it. That means to buy

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Speaker 3: and sell a home if you had a home ten years,

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Speaker 3: you would have to make six percent on the buy,

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Speaker 3: six percent on the exit, and you'd have to make

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Speaker 3: sixty percent just to pay the banks back. So you'd

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Speaker 3: have to make like seventy two percent on your money

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Speaker 3: just to break even in a house deal, and you

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Speaker 3: were stuck in the same place for ten years. So

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Speaker 3: I bought a single family home, rented it to a

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Speaker 3: girl named Janet. Her and HER's sister rented it. I

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Speaker 3: think my note was five hundred bucks I made. The

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Speaker 3: rent was six twenty five. I made one hundred and

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Speaker 3: twenty five dollars a month. I thought I was a

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Speaker 3: genius until they moved out. When they moved out, I

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Speaker 3: was like, no rent income. My asset became a liability

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Speaker 3: because they weren't there. The real asset was the tenant.

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Speaker 3: So all of a sudden, I had this house. I

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Speaker 3: didn't know how to rent it. It was I think

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Speaker 3: it was November in Houston, Texas is getting ready to

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Speaker 3: be cold and wet. I Ke'm not going to be

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Speaker 3: able to find a renter. I don't find a renter

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Speaker 3: until February. I sell the house, get my money back. Basically,

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Speaker 3: I said I'll never do that. Again, I say one door. No,

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Speaker 3: if it's got one dough, I say no, no, I say,

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Speaker 3: don't be a one flow ho. And that's what I was.

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Speaker 3: I was a one flow ho. I was basically Janet's bitch.

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Speaker 3: Because when Janet left, I'm like, oh shit, I got

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Speaker 3: to pay. I got to make the payment. And so

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Speaker 3: the next time I would buy a piece of real estate,

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Speaker 3: it was forty eight units in southern California. So I

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Speaker 3: went from one unit. I said, I'll never do that again.

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Speaker 3: The mistake was being dependent upon one thing. It's like

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Speaker 3: having a business with It's like having a grocery store

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Speaker 3: with one product. You never do that.

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Speaker 6: Well, having one stream of income or one stream.

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Speaker 3: Of income, I mean, have one wife. That's a good idea.

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Speaker 3: But yeah, I mean that's a different thing. I got

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Speaker 3: to feel in You're not a morment.

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Speaker 6: I don't know.

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Speaker 3: I'm just thinking.

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Speaker 6: So all right, so how do you scale from one home?

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Speaker 6: So your next property was forty forty eight units?

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Speaker 3: Because yeah, yeah, forty eight forty eight, forty eight units

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Speaker 3: in one building, apartment building, So it was apartment building

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Speaker 3: forty eight units?

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Speaker 6: So did you how did that happen?

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Speaker 3: So I just started studying I started study. Every weekend

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Speaker 3: for three years, I went and shop real estate. I

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Speaker 3: knew what I had done wrong as soon as I did.

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Speaker 3: As soon as the chick moved out, I'm like, dang, dude,

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Speaker 3: buy more units, don't be don't have one door. One

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Speaker 3: door is for a home. You go in the front

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Speaker 3: door and you go out the back door. If you're

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Speaker 3: a bad neighborhood, have one door close off the back door.

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Speaker 3: You know, like there's no way in this house except

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Speaker 3: the front door. And so the problem in real estate,

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Speaker 3: with real estate or any business, you want to have

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Speaker 3: multiple pieces or products or flows of income. Right, So

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Speaker 3: I started researching real estate. I would literally I lived

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Speaker 3: in Houston, Texas, and I would just go shop real

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Speaker 3: estate every weekend. I'd walk the property, look at it,

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Speaker 3: two units, four units, six units, eight units, twenty units,

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Speaker 3: started doing the math on it, and just until I

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Speaker 3: figured out, oh wow, I can do this. You know,

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Speaker 3: I can figure out how to buy forty eight units.

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Speaker 3: Forty eight units is actually easier to buy than two

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Speaker 3: or three.

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Speaker 6: Why is forty eight units easy to buy in two

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Speaker 6: or three?

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Speaker 3: The bank treats forty eight units that collect one thousand

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Speaker 3: dollars a month at each unit to be at business.

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Speaker 3: They understand. I'll give you a perfect example. I can

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Speaker 3: go to Bank of America and say, hey, lend me money.

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Speaker 3: Lend me a million dollars to buy a Bank of

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Speaker 3: America stock. They will not lend me a million dollars

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Speaker 3: okay on a Bank of America, even if my credit

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Speaker 3: is good, they will not do it. I don't care

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Speaker 3: who you are for their stock. But if I go

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Speaker 3: to them with a million dollar real estate deal and say, hey,

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Speaker 3: lend me a million dollars in this real estate deal,

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Speaker 3: They'll be like, we'd love to. That shows you the

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Speaker 3: value of a bank stock compared to a bank feeling

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Speaker 3: like this property with forty eight units. During COVID, churches

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Speaker 3: were closed, strip centers were closed, bars were closed, restaurants

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Speaker 3: were closed. That mall was closed right over there, Avadur

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Speaker 3: Mall like America was shut down. Not one apartment building

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Speaker 3: in America was shut down. Because people have to have place.

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Speaker 6: So how do you? How do you what's the approval

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Speaker 6: process for commercial buildings? As of polls, each hat is easier.

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Speaker 6: So you have to have cash reserve.

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Speaker 3: You have to have cash. You have to have cash,

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Speaker 3: and you have to have cash reserves, and you got

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Speaker 3: to have some credit. But most importantly, you need to

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Speaker 3: have some experience.

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Speaker 5: So but that time in between, I know it was

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Speaker 5: like a five year span before that first single was

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Speaker 5: three years years. Yeah, to get so this is like

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Speaker 5: a I think it's it's a one point nine million

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Speaker 5: dollars deal.

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Speaker 3: That deal was one point that even research research, that's

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Speaker 3: what That's what Grandpa Dave doesn't do. He can't. He can't,

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Speaker 3: he can't, he can't any he's just repeating the same

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Speaker 3: stuff Like I can hear you guys are willing to

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Speaker 3: bring new ideas to your audience. And you got to

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Speaker 3: look at America like I'm looking at America right now

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Speaker 3: because I looked at my dad and my mom. My

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Speaker 3: dad did everything right, yet when he died, my mom

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Speaker 3: was My mom was hustling. She was scared when she

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Speaker 3: should have been in grief. She was in fear, and

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Speaker 3: she's having a dumb stuff. Man, when you're a widow,

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Speaker 3: you should not be having to sell stuff. You should

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Speaker 3: be in grief. And she couldn't. She's like, I got

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Speaker 3: to sell that, I gotta get rid of that. I

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Speaker 3: got to collect my life in yours. She had five

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Speaker 3: kids to raise and nobody to trust. She had no education,

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Speaker 3: She did not know anything about money. So she made

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Speaker 3: some moves that were defensive but not good for her.

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Speaker 3: So when I sold that first piece of real estate,

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Speaker 3: I'm like, I did something wrong here. Real Estate's not

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Speaker 3: the problem, it's what did I do wrong in the

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Speaker 3: real estate? I had one door. So I started doing

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Speaker 3: the research every week. Back then, there was no internet

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Speaker 3: where you go check how do I buy forty eight units? Okay?

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Speaker 3: So I started asking people that were in the game.

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Speaker 3: Tell me what I need to know, tell me what

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Speaker 3: I don't know. Tell me what's a good location, What

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Speaker 3: is cash flow? How do I get a loan? You

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Speaker 3: need about twenty five percent down to do a loan.

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Speaker 3: So I started saving money. I started like, okay, I'm

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Speaker 3: gonna put money down. What is forty eight unit's going

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Speaker 3: to cost me? You know it's going to cost me

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Speaker 3: about At that time, it wasn't a lot of money.

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Speaker 3: It's like four point eight million dollars. You could buy

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Speaker 3: forty eight units in California. I'm like, this is crazy.

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Speaker 6: Right.

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Speaker 3: Looking back, you'd be like, hey, I'll buy one of

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Speaker 3: those two. You guys would do that right now. So

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Speaker 3: what do you need to figure out? You need to

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Speaker 3: figure out how do I get a loan, how do

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Speaker 3: I get the down payment? And how do I get

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Speaker 3: the experience to tell the lender I'm a manager. The

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Speaker 3: most important part is the manager. It's not the credit

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Speaker 3: and it's not the down payment. Okay. So the first

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Speaker 3: thing I had to do was I had to get

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Speaker 3: a partner. So I went and found a guy that

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Speaker 3: knew real estate, and I'm like you, I'll do the money. Okay,

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Speaker 3: I'll sign you be the guy, and I'm gonna give

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Speaker 3: you a piece. I gave him twenty five percent of

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Speaker 3: the upside of this deal because I needed that. I

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Speaker 3: needed that that guy. I needed that what do you

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Speaker 3: what do you call it? Somebody telling me the other

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Speaker 3: day I needed cred I needed the uh huh, the receipt.

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Speaker 3: I needed the receipt man. I never heard that word,

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Speaker 3: but the receipt man.

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Speaker 6: You know.

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Speaker 3: I was telling SPEC. I said, we're spec. At the dude,

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Speaker 3: I said, I grew up with black guys. He's like,

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Speaker 3: I need a receipt. I said, what you're talking about?

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Speaker 3: Show me a picture. The point is I need what

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Speaker 3: do I need?

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Speaker 6: Oh?

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Speaker 3: I need a management experience, because the bank is not

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Speaker 3: going to give you a loan if you have good

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Speaker 3: credit and the money. They're gonna be like, can you

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Speaker 3: manage that forty eight units? Those tenants, the bed bugs,

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Speaker 3: the roaches, the tenant bounces, the evictions, can you do

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Speaker 3: all that? Okay? I had my guy. He did that,

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Speaker 3: and I gave him a piece to do it. Then

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Speaker 3: I need to figure out how do I get the stack? Okay, Look,

365
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Speaker 3: there's no shortage of money on this planet. You guys

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Speaker 3: know that, right, there's like, just like if you got

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Speaker 3: this mental thing that says there's a shortage. There's more

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Speaker 3: money on this planet than there are people, more money

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Speaker 3: than there are phones, more money than there are model jets.

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Speaker 3: There's more money than there are books. There's money. They

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Speaker 3: just print money. Man, money is manufactured. Your momm and

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Speaker 3: dad probably told you. Money doesn't grow on trees. No,

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Speaker 3: it's trended on a damn machine like and put it

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Speaker 3: in factories. So there's so much money. You just got

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Speaker 3: to figure out how do I get that money? And

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Speaker 3: so in that three years, what I did was I

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Speaker 3: found what my target was. I wanted a certain amount

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Speaker 3: of units. I knew my deal was going to be.

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Speaker 3: My next deal would go from three hundred or what

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Speaker 3: did I buy that deal for nothing?

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Speaker 6: Right?

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Speaker 3: Ninety seven or seventy eight thousand dollars? My next deal

383
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Speaker 3: was going to be probably one or two million dollars.

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Speaker 3: And I just started stacking in that period of time,

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Speaker 3: stacking the cash necessary to buy the deal, calling on

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Speaker 3: people getting money, putting the money away, storing it. Every

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Speaker 3: time I get stored, I just put it off this

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Speaker 3: side that's going to go to that deal. And then

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Speaker 3: I started trying to learn about what is the right

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Speaker 3: deal so I don't lose money, so I get cash flow,

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Speaker 3: and so I can.

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Speaker 6: Get what's a good deal for you? Now like these days,

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Speaker 6: you still look real estate, you still do multi filion. Yeah,

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Speaker 6: you said a good deal, So what is the good deal?

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Speaker 3: Well, a good deal, I mean a good deal is

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Speaker 3: a good location, you know. I mean I buy massive deals.

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Speaker 3: Now these are big deals.

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Speaker 6: No, no more for what's a good deal on a

399
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Speaker 6: massive deal? What's a massive deal?

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Speaker 3: I mean, I just I mean I did a deal

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Speaker 3: in December. It was one hundred and sixty five million

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Speaker 3: dollars one deal.

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Speaker 6: Okay, so what's that? What's that deal? Look?

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Speaker 3: Like that deal looks like that deal looks like sixty

405
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Speaker 3: five million dollars down. I financed one hundred million bucks.

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Speaker 3: I had three banks that wanted to give me a loan.

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Speaker 3: These are all things you're looking for. I want multiple

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00:18:33,359 --> 00:18:36,080
Speaker 3: banks wanting to lend me money. Okay, I don't want

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Speaker 3: one bank. I don't want one one guy. So yeah,

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Speaker 3: we'll give you a loan, but two other banks say no.

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Speaker 3: If three banks say yes, that's a good deal.

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Speaker 6: Okay.

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Speaker 3: Number two at cash flows the month the first month

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Speaker 3: I owned that deal. I want to check back. I

415
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Speaker 3: want to check every month. I don't want to check

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Speaker 3: every quarter. I want to check every month. I don't

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Speaker 3: want to check ten years from that. Dude, I want

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Speaker 3: that paper back today, So I give you this. I

419
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Speaker 3: go to work. I want to be paid, and I

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Speaker 3: want to be paid this month. So Number one, I

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Speaker 3: want a great location. I need it to be a

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Speaker 3: big deal. The bigger, the better, you know. I want

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Speaker 3: to know a big big big is easier than little,

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Speaker 3: you know. And I wanted to cash flow. I want

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Speaker 3: multiple banks to give me a loan. And I want

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Speaker 3: to know. Lastly, who am I going to sell it to?

427
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Speaker 3: When I buy it? I already want to know how

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Speaker 3: to exit when I bought it. So you got your

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00:19:22,760 --> 00:19:25,480
Speaker 3: egg strategy before you, dude. I know, I know that

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Speaker 3: there's good I know the five buyers that will that

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00:19:28,240 --> 00:19:30,200
Speaker 3: I can call on the phone and say all five

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Speaker 3: of you did on it.

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Speaker 6: You're already communicated with them.

434
00:19:32,840 --> 00:19:34,480
Speaker 3: I know who's going to be a player on the

435
00:19:34,520 --> 00:19:35,760
Speaker 3: deal on the way out.

436
00:19:36,000 --> 00:19:37,800
Speaker 8: So how does that process work when you get and

437
00:19:37,840 --> 00:19:39,600
Speaker 8: you can't know that when you buy a house on

438
00:19:40,200 --> 00:19:44,919
Speaker 8: twenty twenty one twenty A street already because you're selling

439
00:19:44,960 --> 00:19:48,919
Speaker 8: in a market, you're selling to people that are economically driven.

440
00:19:49,320 --> 00:19:51,720
Speaker 3: See. I never want to sell to somebody that needs

441
00:19:51,720 --> 00:19:53,760
Speaker 3: the economy to be good. I want to sell to

442
00:19:53,800 --> 00:19:56,520
Speaker 3: people that have too much money. I want to sell

443
00:19:56,560 --> 00:19:58,879
Speaker 3: to people that have so much money that money is

444
00:19:58,920 --> 00:20:01,400
Speaker 3: their biggest problem. Fart they got to it, dude, they

445
00:20:01,440 --> 00:20:04,720
Speaker 3: have to spend money like I'm gonna I'm gonna put

446
00:20:04,720 --> 00:20:07,159
Speaker 3: a portfolio together. You just learned the deal. This is

447
00:20:07,160 --> 00:20:09,600
Speaker 3: where I went one house. I bought one house. Oh well,

448
00:20:09,720 --> 00:20:11,479
Speaker 3: who am I gonna sell it to? Then I had

449
00:20:11,480 --> 00:20:14,320
Speaker 3: to find somebody could pay me seventy eighty one thousand

450
00:20:14,359 --> 00:20:16,480
Speaker 3: for the house. Guess what's the problem with that. He's

451
00:20:16,480 --> 00:20:18,639
Speaker 3: got to have a job, he's got to have credit,

452
00:20:18,760 --> 00:20:20,439
Speaker 3: he's got to have a down payment, and he's got

453
00:20:20,480 --> 00:20:21,840
Speaker 3: to want to buy a house from me. That's a

454
00:20:21,920 --> 00:20:25,480
Speaker 3: problem for me because what if the economy shit? You

455
00:20:25,520 --> 00:20:27,520
Speaker 3: know what if he lost his job. So I'm like, okay,

456
00:20:27,560 --> 00:20:29,560
Speaker 3: I'm gonna go buy. I'm gonna go buy forty eight units.

457
00:20:29,600 --> 00:20:32,399
Speaker 3: I bought forty eight units for one point nine million dollars.

458
00:20:32,480 --> 00:20:35,080
Speaker 3: It was a freaking screamer deal. Like once I bought

459
00:20:35,080 --> 00:20:36,679
Speaker 3: the first one, I got cash flow. It was like

460
00:20:36,720 --> 00:20:38,240
Speaker 3: it was like I had a job without a job.

461
00:20:38,760 --> 00:20:40,960
Speaker 3: And then when I went to sell it, the guy

462
00:20:41,000 --> 00:20:44,199
Speaker 3: that was buying it from me was a doctor, and

463
00:20:44,359 --> 00:20:46,640
Speaker 3: he started getting all you know doctors, if you've ever

464
00:20:46,680 --> 00:20:48,600
Speaker 3: done a deal with a doctor, they know how to charge,

465
00:20:48,640 --> 00:20:52,399
Speaker 3: they don't know how to pay. They all get anal

466
00:20:53,000 --> 00:20:55,919
Speaker 3: like too much doctor time, too much probing. They're like

467
00:20:56,160 --> 00:20:57,960
Speaker 3: what about this? What about that? I'm liked, what's wrong

468
00:20:58,000 --> 00:20:59,359
Speaker 3: with you, man, You've got a good practice or not.

469
00:20:59,440 --> 00:21:02,320
Speaker 3: But they're cheap. They're cheap. So I was selling to

470
00:21:02,359 --> 00:21:05,160
Speaker 3: a guy that's cheap, and I'm like, okay, I got

471
00:21:05,160 --> 00:21:05,760
Speaker 3: to learn this game.

472
00:21:05,800 --> 00:21:06,040
Speaker 6: I don't.

473
00:21:06,080 --> 00:21:09,160
Speaker 3: I don't want to sell to people that are economically imprisoned.

474
00:21:09,800 --> 00:21:11,800
Speaker 3: I want to sell to the Goldman Sacks and the

475
00:21:11,840 --> 00:21:14,919
Speaker 3: Blackstones in the world. You can't start there, but you

476
00:21:14,920 --> 00:21:18,399
Speaker 3: can level the game up to play there, because Blackstone

477
00:21:18,440 --> 00:21:20,840
Speaker 3: has more money than they can actually put to work.

478
00:21:21,480 --> 00:21:23,560
Speaker 5: So I'm in my mind of wondering how this process

479
00:21:23,600 --> 00:21:26,040
Speaker 5: works when you're using three banks at the same time.

480
00:21:26,520 --> 00:21:29,480
Speaker 5: Is it like, are they working in separate entities or

481
00:21:29,480 --> 00:21:31,520
Speaker 5: they're saying, like, yo, we'll give him fifty, We'll give

482
00:21:31,600 --> 00:21:32,840
Speaker 5: him seventy five, yeah the rest.

483
00:21:32,920 --> 00:21:35,560
Speaker 3: Yeah, No, you never know. I mean, I mean three

484
00:21:35,600 --> 00:21:37,920
Speaker 3: banks that all want to lend me money on that deal. Oh,

485
00:21:38,000 --> 00:21:44,200
Speaker 3: just okay, they're competing for one lean service, not three longs. Okay, gotcha.

486
00:21:44,280 --> 00:21:47,960
Speaker 6: So you said you said, I saw on Instagram you

487
00:21:48,000 --> 00:21:51,680
Speaker 6: had nine hundred million dollars in debt something like that.

488
00:21:52,080 --> 00:21:55,080
Speaker 3: No, I probably have a maybe one way keep cutting me, man,

489
00:21:55,480 --> 00:21:59,760
Speaker 3: is what you said. This ain't Grandpa Day days, Like

490
00:21:59,800 --> 00:22:02,720
Speaker 3: a debt is bad debt. You're dumb, dude, You're dumb.

491
00:22:03,080 --> 00:22:05,600
Speaker 3: There's not a country on this planet that doesn't use debt,

492
00:22:05,680 --> 00:22:10,120
Speaker 3: including Apple Computer. Apple Computer has two and ninety six

493
00:22:10,240 --> 00:22:13,800
Speaker 3: billion dollars in cash today. They will borrow money tomorrow morning.

494
00:22:14,520 --> 00:22:17,480
Speaker 3: Debt is good. Some debt is good debt. And there's

495
00:22:17,520 --> 00:22:21,159
Speaker 3: not a wealthy company on this planet, not one wealthy

496
00:22:21,160 --> 00:22:24,080
Speaker 3: company on the planet Earth that is cash free that

497
00:22:24,160 --> 00:22:28,080
Speaker 3: does not use debt good debt because debt is so

498
00:22:28,200 --> 00:22:33,600
Speaker 3: cheap today. So you got companies that borrow money to

499
00:22:33,640 --> 00:22:37,679
Speaker 3: buy their shares back, right. So, so Dave is just

500
00:22:37,720 --> 00:22:39,920
Speaker 3: playing a little game. He's a little man. He's playing

501
00:22:39,920 --> 00:22:42,359
Speaker 3: a little man's game. It's a little man. It's an

502
00:22:42,400 --> 00:22:45,399
Speaker 3: old way of thinking, and it appeals to millions and

503
00:22:45,440 --> 00:22:47,080
Speaker 3: millions of people that are like I want to get

504
00:22:47,080 --> 00:22:48,320
Speaker 3: out of debt. I want to get out of debt.

505
00:22:48,359 --> 00:22:50,040
Speaker 3: I don't want to get out of debt. I want

506
00:22:50,080 --> 00:22:52,480
Speaker 3: to create wealth, and the way to create wealth is

507
00:22:52,520 --> 00:22:53,040
Speaker 3: through debt.

508
00:22:54,440 --> 00:22:57,280
Speaker 6: So, but do you ever worry about overleveraged like we

509
00:22:57,320 --> 00:22:58,800
Speaker 6: saw in two thousand and eight when the real estate

510
00:22:58,800 --> 00:23:01,280
Speaker 6: market crash. It's not market A lot of people.

511
00:23:01,040 --> 00:23:03,400
Speaker 3: I worry about. I worry about too much debt.

512
00:23:03,560 --> 00:23:05,159
Speaker 6: Okay, So how do you how do you hedge that

513
00:23:05,320 --> 00:23:07,320
Speaker 6: to make sure that you're still positioned even if.

514
00:23:07,800 --> 00:23:10,480
Speaker 3: I got I got one one point four million dollars

515
00:23:11,000 --> 00:23:13,280
Speaker 3: one point four billion dollars worth of debt, but I

516
00:23:13,320 --> 00:23:17,240
Speaker 3: got two point three billion dollars in assets, So I'm

517
00:23:17,240 --> 00:23:22,200
Speaker 3: not I'm not even no, no, not not like like i'm

518
00:23:22,240 --> 00:23:26,240
Speaker 3: I'm I'm maybe sixty percent okay, And the debt is cheap.

519
00:23:26,280 --> 00:23:29,960
Speaker 3: The debt is under three percent. I pay interests only.

520
00:23:30,040 --> 00:23:32,600
Speaker 3: I don't even pay the mortgage down. So basically what

521
00:23:32,640 --> 00:23:36,679
Speaker 3: I'm doing is pre paying my mortgage massive amounts of margage.

522
00:23:36,720 --> 00:23:39,600
Speaker 3: I'm paying down in the beginning. So it's stay stable,

523
00:23:39,680 --> 00:23:43,040
Speaker 3: my debt stay stable, and the asset goes up in value.

524
00:23:43,280 --> 00:23:45,600
Speaker 3: So like like a house, you see the problem with

525
00:23:45,640 --> 00:23:47,920
Speaker 3: a house. And you shouldn't even have this comparison of

526
00:23:48,040 --> 00:23:51,120
Speaker 3: conversation because if I buy a house, but let's say

527
00:23:51,200 --> 00:23:53,160
Speaker 3: the house is average house about two hundred and forwty

528
00:23:53,160 --> 00:23:55,880
Speaker 3: thousand dollars in America, and I put five percent down,

529
00:23:55,920 --> 00:23:59,320
Speaker 3: you probably over leverage right there. Why why would they

530
00:23:59,359 --> 00:24:02,240
Speaker 3: give me that loan and the house doesn't provide any income.

531
00:24:02,440 --> 00:24:04,480
Speaker 6: Well, you know what's interesting, we spent we spent the

532
00:24:04,520 --> 00:24:06,720
Speaker 6: summer in LA. This is the same conversation we have.

533
00:24:06,800 --> 00:24:09,920
Speaker 6: I'm a financial advisor by trade, so I was telling him.

534
00:24:09,960 --> 00:24:12,280
Speaker 6: I was telling him and my friend Jamore, and I'm like,

535
00:24:12,359 --> 00:24:14,520
Speaker 6: you know what, I was thinking about it because we're

536
00:24:14,600 --> 00:24:16,399
Speaker 6: having the stock market. I know, you're not really in

537
00:24:16,440 --> 00:24:16,840
Speaker 6: the stocks.

538
00:24:16,960 --> 00:24:18,120
Speaker 3: Yeah, yeah, I'm not a paper guy.

539
00:24:18,160 --> 00:24:20,760
Speaker 6: We're having the stocks, and I'm like, you know, because

540
00:24:20,800 --> 00:24:22,679
Speaker 6: I see people that I worked with as a financial

541
00:24:22,680 --> 00:24:24,919
Speaker 6: advisor that might, you know, they might have like two

542
00:24:25,000 --> 00:24:28,040
Speaker 6: hundred thousand dollars of cash to their name, and they

543
00:24:28,160 --> 00:24:31,760
Speaker 6: buying a home and they using like seventy eighty thousand

544
00:24:31,800 --> 00:24:34,240
Speaker 6: dollars down and then they got to put another twenty

545
00:24:34,280 --> 00:24:36,400
Speaker 6: thousand and get their kitchen fixed, and then they got

546
00:24:36,440 --> 00:24:38,080
Speaker 6: to like borrow from their four one k and it's

547
00:24:38,119 --> 00:24:39,560
Speaker 6: like yeah, and they.

548
00:24:39,440 --> 00:24:41,320
Speaker 3: Got to go buy some furniture because now they're hooked it.

549
00:24:41,400 --> 00:24:44,320
Speaker 6: Yeah, so it's like you don't really have enough money.

550
00:24:44,359 --> 00:24:47,960
Speaker 6: You're like you're depleting your and then it's like you

551
00:24:47,960 --> 00:24:49,800
Speaker 6: don't have enough money to invest. So I was saying, like,

552
00:24:50,040 --> 00:24:52,520
Speaker 6: if you actually just rented a place and use that

553
00:24:52,600 --> 00:24:54,520
Speaker 6: money in the market, in the stock market, you would

554
00:24:54,520 --> 00:24:57,640
Speaker 6: have more money. So obviously everybody's situation is different. But

555
00:24:57,720 --> 00:24:59,359
Speaker 6: when I was telling him that, they was kind of

556
00:24:59,359 --> 00:25:01,040
Speaker 6: going back and forth. We didn't fully agree with me,

557
00:25:01,200 --> 00:25:01,720
Speaker 6: but I'm like.

558
00:25:01,680 --> 00:25:02,320
Speaker 3: Well they're wrong.

559
00:25:03,040 --> 00:25:03,359
Speaker 6: Well it.

560
00:25:07,200 --> 00:25:08,040
Speaker 3: Telling you part.

561
00:25:08,080 --> 00:25:08,879
Speaker 6: That's part of the story.

562
00:25:08,880 --> 00:25:10,840
Speaker 5: The other part was like it depends on the situation, right,

563
00:25:10,840 --> 00:25:13,040
Speaker 5: So if somebody's handed home, then it's different.

564
00:25:13,080 --> 00:25:14,320
Speaker 6: But most people aren't handed home.

565
00:25:14,359 --> 00:25:16,760
Speaker 3: Some people are. So even if you're handed up, you

566
00:25:16,760 --> 00:25:19,359
Speaker 3: don't want a homehanded to you, man, goddamn. Like like,

567
00:25:19,520 --> 00:25:21,440
Speaker 3: just somebody gives you a donut doesn't mean you want

568
00:25:21,440 --> 00:25:24,120
Speaker 3: to eat it. What did they give you?

569
00:25:24,160 --> 00:25:24,280
Speaker 6: What?

570
00:25:24,320 --> 00:25:25,320
Speaker 3: Did they give you an eight ball?

571
00:25:27,000 --> 00:25:27,440
Speaker 6: Here? Here?

572
00:25:27,600 --> 00:25:29,679
Speaker 3: Do it all right there? Just because they give it

573
00:25:29,720 --> 00:25:32,439
Speaker 3: to you, Like like you know, go out to the

574
00:25:32,480 --> 00:25:34,440
Speaker 3: club and somebody wants to give you something you can't

575
00:25:34,440 --> 00:25:36,199
Speaker 3: get rid of, Like like, I don't want that. Not

576
00:25:36,280 --> 00:25:41,440
Speaker 3: all assets or become can become liabilities. Children become liabilities,

577
00:25:41,760 --> 00:25:43,840
Speaker 3: Like my two kids are my biggest asset. But the

578
00:25:43,880 --> 00:25:46,520
Speaker 3: truth is if you don't share this anywhere except to

579
00:25:46,640 --> 00:25:54,280
Speaker 3: your small nobody. If somebody threatened my kids, like I

580
00:25:54,320 --> 00:25:56,919
Speaker 3: will give all my goal away, like it is my

581
00:25:56,920 --> 00:25:59,320
Speaker 3: biggest liability is the threat of my children. If somebody

582
00:25:59,359 --> 00:26:01,240
Speaker 3: would do something to my kids. That's why I say

583
00:26:01,280 --> 00:26:04,399
Speaker 3: all assets become liabilities at some point. You see what

584
00:26:04,400 --> 00:26:07,320
Speaker 3: I'm saying. So when I go by that one house

585
00:26:07,440 --> 00:26:11,680
Speaker 3: in Los Angeles, which is gonna be five hundred thousand, right,

586
00:26:11,800 --> 00:26:18,639
Speaker 3: small house, small house, ship, and you better carry what

587
00:26:18,680 --> 00:26:21,600
Speaker 3: I got in my bag. You got to put one

588
00:26:21,640 --> 00:26:24,560
Speaker 3: hundred grand down since COVID, that's a twenty percent down payment.

589
00:26:24,760 --> 00:26:27,560
Speaker 3: That whole five percent games off the table now for everybody.

590
00:26:27,840 --> 00:26:29,760
Speaker 3: So now it's twenty percent down? Am I right on that?

591
00:26:30,760 --> 00:26:31,080
Speaker 6: MG?

592
00:26:31,440 --> 00:26:31,720
Speaker 3: MG?

593
00:26:32,160 --> 00:26:32,400
Speaker 6: Huh?

594
00:26:33,119 --> 00:26:34,960
Speaker 3: What where can I get a five percent loan today?

595
00:26:36,600 --> 00:26:36,840
Speaker 6: Oh?

596
00:26:36,920 --> 00:26:39,879
Speaker 3: Man? You ought to check? Man, take a little COVID check. Okay,

597
00:26:39,920 --> 00:26:46,040
Speaker 3: you got that mask on right now? Okay, any bank

598
00:26:46,080 --> 00:26:51,639
Speaker 3: in America? What if I lost my job during COVID,

599
00:26:51,680 --> 00:26:55,480
Speaker 3: I was off excuse me? Okay, that's forty million people.

600
00:26:55,760 --> 00:26:57,560
Speaker 3: The game just changed for forty million. That's now a

601
00:26:57,600 --> 00:27:00,399
Speaker 3: twenty percent down payment. Forty million people in this country

602
00:27:00,400 --> 00:27:03,280
Speaker 3: lost their jobs. Okay, that's nine percent of the population,

603
00:27:03,400 --> 00:27:06,840
Speaker 3: like as a massive portion of people. And then if

604
00:27:06,840 --> 00:27:08,320
Speaker 3: you didn't lose your job, they're gonna look at that

605
00:27:08,400 --> 00:27:10,680
Speaker 3: job and say, okay, you work over at Cardona Enterprises.

606
00:27:10,800 --> 00:27:14,199
Speaker 3: Was anybody let go? Did you guys get cut? Like

607
00:27:14,280 --> 00:27:16,200
Speaker 3: a lot of people got cut. The banks are scared

608
00:27:16,280 --> 00:27:18,880
Speaker 3: right now. They're terrified of these home loans. So let's

609
00:27:18,920 --> 00:27:21,280
Speaker 3: say it takes whatever number you want to use. You

610
00:27:21,320 --> 00:27:23,960
Speaker 3: wanted to use twenty five thousand dollars down, that's five

611
00:27:24,000 --> 00:27:26,920
Speaker 3: percent or it's one hundred thousand dollars down. Either way,

612
00:27:26,960 --> 00:27:30,160
Speaker 3: you had a you're tied to a thirty year mortgage.

613
00:27:30,240 --> 00:27:35,679
Speaker 3: You're gonna pay what four percent? Two point one two

614
00:27:35,760 --> 00:27:38,360
Speaker 3: and a half percent ten years, you're gonna you need

615
00:27:38,400 --> 00:27:42,520
Speaker 3: twenty one point five percent just to pay the bank back.

616
00:27:42,720 --> 00:27:44,840
Speaker 3: You need a twenty one percent gain on that house

617
00:27:44,920 --> 00:27:45,720
Speaker 3: in California.

618
00:27:46,160 --> 00:27:48,760
Speaker 6: And another problem is that the vast majority of people don't

619
00:27:48,760 --> 00:27:51,359
Speaker 6: make enough money to actually support their mortgage payments. They

620
00:27:51,400 --> 00:27:53,840
Speaker 6: live in paycheck to paycheck. So if they're making like

621
00:27:54,080 --> 00:27:56,399
Speaker 6: even ten thousand dollars a month and then mortgage payment

622
00:27:56,440 --> 00:27:58,480
Speaker 6: is four thousand, then you gotta pay insurance, and you

623
00:27:58,480 --> 00:27:59,840
Speaker 6: gotta pay for your kid to go to school in

624
00:28:00,480 --> 00:28:01,120
Speaker 6: And they had to.

625
00:28:01,040 --> 00:28:03,879
Speaker 3: Pay the little, the little what's it called the little

626
00:28:03,960 --> 00:28:07,880
Speaker 3: because they only put five percent down? What's that jack fee? PM?

627
00:28:08,000 --> 00:28:10,320
Speaker 3: I do you know if they use abbreviations, they're fucking you.

628
00:28:13,560 --> 00:28:20,000
Speaker 3: I'm just saying, you know, they the r E. I

629
00:28:20,080 --> 00:28:23,120
Speaker 3: T the reate, it was real estate. It was perfect

630
00:28:23,200 --> 00:28:25,080
Speaker 3: the way it was, and they added the I T

631
00:28:27,880 --> 00:28:30,520
Speaker 3: Investment Trust at that point, they fuck you right there.

632
00:28:31,160 --> 00:28:34,560
Speaker 3: I'm just saying, every time they start doing the acromen,

633
00:28:34,720 --> 00:28:35,880
Speaker 3: they jacket you. Yeah.

634
00:28:36,200 --> 00:28:38,920
Speaker 6: So I agree with a lot what you're saying, and

635
00:28:39,120 --> 00:28:40,560
Speaker 6: I mean everybody, a lot of people have said, like,

636
00:28:40,600 --> 00:28:42,880
Speaker 6: that's why you should buy multi families and have some

637
00:28:43,000 --> 00:28:44,480
Speaker 6: level of cash flow, because if it's just a single

638
00:28:44,480 --> 00:28:47,720
Speaker 6: filmly home, it's not really technically, it's not really an investment.

639
00:28:48,040 --> 00:28:50,760
Speaker 6: And like I said, for the vast majority of people,

640
00:28:50,760 --> 00:28:52,840
Speaker 6: they're kind of doing it wrong and they're struggling and

641
00:28:52,880 --> 00:28:55,400
Speaker 6: they's just like working just to pay their debt.

642
00:28:55,480 --> 00:28:58,280
Speaker 3: Yeah, and if this is a good deal, by the way,

643
00:28:58,880 --> 00:29:01,000
Speaker 3: if it's a good deal, then once you go buy

644
00:29:01,040 --> 00:29:04,320
Speaker 3: four of them, because you get the same loan, and

645
00:29:04,360 --> 00:29:07,400
Speaker 3: then you got four people paying you rather than you

646
00:29:07,480 --> 00:29:10,080
Speaker 3: paying it. So like, I mean, I could slice this

647
00:29:10,160 --> 00:29:12,720
Speaker 3: thing so many different ways. If this is a piece

648
00:29:12,760 --> 00:29:15,000
Speaker 3: of real estate. I'm gonna be limited on my interest

649
00:29:15,000 --> 00:29:19,640
Speaker 3: deductions right to what seven hundred Do you know what

650
00:29:19,680 --> 00:29:23,120
Speaker 3: my interest was last year on one point four billion dollars.

651
00:29:23,160 --> 00:29:24,840
Speaker 3: I don't even know what the number is. Too many

652
00:29:24,960 --> 00:29:27,520
Speaker 3: zeros who bob. But like, let's say I paid three

653
00:29:27,560 --> 00:29:30,000
Speaker 3: percent on one point four billion. That was five hundred

654
00:29:30,000 --> 00:29:35,760
Speaker 3: and twenty million dollars in debt interest payments. You can

655
00:29:35,800 --> 00:29:38,080
Speaker 3: only write off up to seven hundred and fifty thousand.

656
00:29:38,360 --> 00:29:41,120
Speaker 3: Guess what I wrote off the entire five hundred and

657
00:29:41,160 --> 00:29:44,280
Speaker 3: twenty million in interest payments, all of it. I want

658
00:29:44,280 --> 00:29:46,440
Speaker 3: to put on a new roof. Fucking write that off too.

659
00:29:46,880 --> 00:29:49,680
Speaker 6: I want to put on new doors, right because it's commercial.

660
00:29:49,720 --> 00:29:51,720
Speaker 3: You can't do that on the house. You don't get

661
00:29:51,760 --> 00:29:53,720
Speaker 3: any of the game. You don't get the leverage, you

662
00:29:53,760 --> 00:29:55,760
Speaker 3: don't get the wealth game, and you don't get anybody

663
00:29:55,800 --> 00:29:58,720
Speaker 3: paying your paying your rent. All this real estate that

664
00:29:58,800 --> 00:30:02,160
Speaker 3: I bought, I rent where I lived. Nope, right now

665
00:30:02,320 --> 00:30:05,000
Speaker 3: and nobody people come over my house, have drinks with

666
00:30:05,120 --> 00:30:06,560
Speaker 3: me and they're like, do you rent this or do

667
00:30:06,600 --> 00:30:08,280
Speaker 3: you own this? Nobody asked me that.

668
00:30:09,440 --> 00:30:10,160
Speaker 6: As a part of yet.

669
00:30:10,320 --> 00:30:20,600
Speaker 3: Okay, nobody asked so please just watch you got And

670
00:30:20,640 --> 00:30:22,840
Speaker 3: by the way, I pay for this watch with real estate.

671
00:30:22,920 --> 00:30:24,160
Speaker 3: Real estate bought this watch.

672
00:30:24,640 --> 00:30:26,320
Speaker 6: That's that's a house right there, you know.

673
00:30:28,000 --> 00:30:30,080
Speaker 3: And I'll tell you a little trick with money. Man,

674
00:30:30,120 --> 00:30:32,560
Speaker 3: I am the I am the tightest and smartest dude

675
00:30:32,600 --> 00:30:36,600
Speaker 3: there is on money. Like if if it's not passive income,

676
00:30:36,680 --> 00:30:38,840
Speaker 3: if I cannot buy it with passive income, I will

677
00:30:38,840 --> 00:30:42,680
Speaker 3: not buy it. Like if I go earn money five

678
00:30:42,760 --> 00:30:45,080
Speaker 3: hundred grand, I would never spend five hundred grand. I

679
00:30:45,120 --> 00:30:48,080
Speaker 3: take the five hundred grant, invest all of it. If

680
00:30:48,120 --> 00:30:52,640
Speaker 3: the investment can buy my Richard, I'll buy it. Okay,

681
00:30:52,720 --> 00:30:54,800
Speaker 3: I have to build a buy two of them. Guy

682
00:30:54,840 --> 00:30:56,440
Speaker 3: came to me about to watch. He's like, it's number

683
00:30:56,440 --> 00:30:58,440
Speaker 3: ten or fifteen. I'm like, Okay, hold on, I think

684
00:30:58,480 --> 00:31:01,440
Speaker 3: I like it. Hold on, but let me talk about that.

685
00:31:01,480 --> 00:31:04,560
Speaker 3: Can I buy number one? Do we have enough passive

686
00:31:04,600 --> 00:31:07,520
Speaker 3: income to pay for it? Number two? Can I buy

687
00:31:07,560 --> 00:31:10,960
Speaker 3: two of them right now in cash? And number three?

688
00:31:11,480 --> 00:31:14,760
Speaker 3: Do you still know this is stupid? Yes? I do?

689
00:31:15,280 --> 00:31:19,200
Speaker 3: And number four? Dude, if you got two of those

690
00:31:19,320 --> 00:31:21,400
Speaker 3: checked off, you could probably pull the deal off. Can

691
00:31:21,440 --> 00:31:23,560
Speaker 3: I write it off? No, I can't write it off. Okay,

692
00:31:23,600 --> 00:31:25,320
Speaker 3: it's stupid. Let's do it anyway.

693
00:31:26,320 --> 00:31:28,120
Speaker 5: So is that when you came with the mentality like

694
00:31:28,440 --> 00:31:30,480
Speaker 5: I read that, you said, Look, I always try to

695
00:31:30,520 --> 00:31:32,320
Speaker 5: go broke as soon as I get the money, I

696
00:31:32,360 --> 00:31:32,880
Speaker 5: got to put it.

697
00:31:33,720 --> 00:31:37,600
Speaker 3: Man, cash is trash, Cash is garbage. It is garbage,

698
00:31:37,720 --> 00:31:41,160
Speaker 3: is manufactured Fiat. It's got a white dude with a

699
00:31:41,240 --> 00:31:44,800
Speaker 3: balding head. And in God we trust. There's so many

700
00:31:44,840 --> 00:31:48,440
Speaker 3: lives on one hundred dollars bill, it's unbelievable. It's all

701
00:31:48,560 --> 00:31:52,160
Speaker 3: lies and tricks and gimmicks and pulling on heart strings

702
00:31:52,200 --> 00:31:54,520
Speaker 3: and trying to get people to convince. Do you guys

703
00:31:54,560 --> 00:31:56,920
Speaker 3: really believe God's got anything to do with this piece

704
00:31:56,960 --> 00:32:01,760
Speaker 3: of paper? Huh? Come on, man, please, we trade in

705
00:32:01,800 --> 00:32:04,320
Speaker 3: time for pieces of paper, all a bunch of In

706
00:32:04,360 --> 00:32:06,640
Speaker 3: God we trust, one hundred dollars in the United States

707
00:32:06,680 --> 00:32:10,360
Speaker 3: of America, what's it worth? You know? We printed twenty

708
00:32:10,360 --> 00:32:12,680
Speaker 3: one percent of all the US dollars in circulation. They

709
00:32:12,680 --> 00:32:15,760
Speaker 3: were printed last year, not in the last decade, last year.

710
00:32:16,280 --> 00:32:19,880
Speaker 3: So that dollar, that dollar is after last year's worth

711
00:32:19,920 --> 00:32:23,280
Speaker 3: about that. So this is trash. You lose it. The

712
00:32:23,320 --> 00:32:25,440
Speaker 3: banks tell you to save it, save it, man, save

713
00:32:25,520 --> 00:32:27,160
Speaker 3: the money. Save the money. As soon as you give

714
00:32:27,160 --> 00:32:29,040
Speaker 3: it to the bank, they freaking push it out into

715
00:32:29,040 --> 00:32:32,200
Speaker 3: the marketplace ninety seven times, so they got to keep

716
00:32:32,240 --> 00:32:34,280
Speaker 3: three percent of their reserves. They push it out ninety

717
00:32:34,280 --> 00:32:36,320
Speaker 3: seven times. They don't even do what they tell us

718
00:32:36,360 --> 00:32:38,520
Speaker 3: to do, save your money, and then they tell us

719
00:32:38,600 --> 00:32:41,040
Speaker 3: buy a house. The banks are the ones that sold

720
00:32:41,080 --> 00:32:44,920
Speaker 3: us on a house. Okay, we eat you eat eggs

721
00:32:44,960 --> 00:32:47,440
Speaker 3: and bacon for breakfast because somebody came out with a

722
00:32:47,480 --> 00:32:50,120
Speaker 3: program that said breakfast is the meal of the day,

723
00:32:50,680 --> 00:32:53,640
Speaker 3: and that saved the pork in the chicken industry and

724
00:32:53,760 --> 00:32:56,720
Speaker 3: farmers around the country. We're being lied to every day, man.

725
00:32:57,000 --> 00:33:00,360
Speaker 3: Seventy six percent of Americans paid that paycheck to pay check,

726
00:33:00,520 --> 00:33:05,360
Speaker 3: and most everybody is playing the game by the rules. Okay,

727
00:33:05,400 --> 00:33:06,760
Speaker 3: it's like it's like going to Vegas.

728
00:33:06,880 --> 00:33:07,760
Speaker 6: That's when you get hurt.

729
00:33:08,120 --> 00:33:10,400
Speaker 3: You playing by the rules. Yeah, and you're playing by

730
00:33:10,400 --> 00:33:12,440
Speaker 3: the middle class rules. Poverty is not the problem in

731
00:33:12,480 --> 00:33:15,680
Speaker 3: this country. It's the middle that's the real problem. It's

732
00:33:15,720 --> 00:33:19,240
Speaker 3: got seventy six percent of Americans live paycheck to paycheck.

733
00:33:19,320 --> 00:33:22,840
Speaker 3: They're buying houses, they're buying life insurance, they're dabbling in

734
00:33:22,880 --> 00:33:25,440
Speaker 3: the stock market. There they got our accounts in four

735
00:33:25,520 --> 00:33:30,360
Speaker 3: oh one. K's bullshit live programs. Send your money in

736
00:33:30,400 --> 00:33:33,080
Speaker 3: forty years. It'll be here for you when you get here.

737
00:33:33,320 --> 00:33:37,719
Speaker 3: It's stupid, man, it benefits Wall Street, it benefits the banks.

738
00:33:38,400 --> 00:33:40,440
Speaker 6: So let me ask you this. You don't you don't

739
00:33:40,440 --> 00:33:41,440
Speaker 6: believe in the stock market.

740
00:33:42,840 --> 00:33:45,040
Speaker 3: I don't understand it, man. It's just it's just too

741
00:33:45,040 --> 00:33:48,600
Speaker 3: complicated for me. Man. So it's like, look at all

742
00:33:48,600 --> 00:33:55,720
Speaker 3: the acronyms. Man, too many. Damn man, there's a lot

743
00:33:55,760 --> 00:34:00,680
Speaker 3: of trigger shit going on. I mean, opened up Wall

744
00:34:00,720 --> 00:34:02,640
Speaker 3: Street Journal and then you show me a picture of

745
00:34:02,680 --> 00:34:07,640
Speaker 3: a casino. It looks very similar to me. We'll let

746
00:34:07,680 --> 00:34:13,160
Speaker 3: will cracker jack poker machine back jack five dollars, ten

747
00:34:13,239 --> 00:34:15,960
Speaker 3: dollars twenty five. You know, it's just weird to me,

748
00:34:16,160 --> 00:34:19,000
Speaker 3: Like they won't lend me money there, like the banks

749
00:34:19,040 --> 00:34:20,759
Speaker 3: will lend you money to you. Well, you get a

750
00:34:20,760 --> 00:34:22,560
Speaker 3: Martin account, you can get a Martin, but you had

751
00:34:22,680 --> 00:34:26,640
Speaker 3: you had to go take a steak first case. Now

752
00:34:27,360 --> 00:34:29,520
Speaker 3: look now, because now they want to pull it back

753
00:34:29,520 --> 00:34:32,680
Speaker 3: from you. Okay. The whole thing about liquid, we all

754
00:34:32,719 --> 00:34:38,319
Speaker 3: been taught stay liquid. Is that really good? See as

755
00:34:38,320 --> 00:34:40,200
Speaker 3: long as you liquid, man, I can get your bag

756
00:34:42,080 --> 00:34:44,200
Speaker 3: as long as you liquid. If I look like, if

757
00:34:44,200 --> 00:34:48,480
Speaker 3: you guys just open your minds a second and think, Man,

758
00:34:48,760 --> 00:34:53,799
Speaker 3: can this many people be this stupid? Like? Can this

759
00:34:54,040 --> 00:34:57,319
Speaker 3: many people be stupid. You're working your asses off. You

760
00:34:57,400 --> 00:34:59,560
Speaker 3: do exactly what they say. I'm gonna save my money.

761
00:34:59,560 --> 00:35:03,160
Speaker 3: I'm a buy and we still don't get ahead because

762
00:35:03,160 --> 00:35:05,840
Speaker 3: we're not making the wealth. News man warn Buffett on

763
00:35:05,960 --> 00:35:08,799
Speaker 3: one house in one car, he took all this other

764
00:35:08,880 --> 00:35:12,680
Speaker 3: money and invested. Okay, Elon Musk, he cashes out of PayPal,

765
00:35:12,840 --> 00:35:14,799
Speaker 3: never owned a damn home in his life. Okay, one

766
00:35:14,840 --> 00:35:17,319
Speaker 3: of the richest people in the world. Cash is out

767
00:35:17,360 --> 00:35:19,520
Speaker 3: of PayPal with one hundred and eighty million dollars, invest

768
00:35:19,560 --> 00:35:22,319
Speaker 3: the entire amount in three businesses the next week, and

769
00:35:22,360 --> 00:35:26,239
Speaker 3: then rented an apartment. And we're saying, yes, service to Musk,

770
00:35:26,400 --> 00:35:30,080
Speaker 3: Let's go to Mars. So you just have to start.

771
00:35:30,680 --> 00:35:34,239
Speaker 3: When you see this many people trapped, you can't say

772
00:35:34,239 --> 00:35:37,400
Speaker 3: these people are stupid. Okay, you got to say what's wrong.

773
00:35:37,719 --> 00:35:40,480
Speaker 3: I saw myself for twenty years, from the age of

774
00:35:40,480 --> 00:35:43,719
Speaker 3: twenty five to forty five, not getting ahead. Okay, two

775
00:35:43,800 --> 00:35:46,320
Speaker 3: thousand and eight hit and I was like, oh, what happened.

776
00:35:46,520 --> 00:35:49,480
Speaker 3: What happened was I had played by the rules. I

777
00:35:49,520 --> 00:35:52,239
Speaker 3: got trapped by the rules. I did everything exactly the

778
00:35:52,239 --> 00:35:55,080
Speaker 3: way I was supposed to do it, and it's just

779
00:35:55,120 --> 00:35:56,080
Speaker 3: the wrong set of rules.

780
00:35:56,200 --> 00:35:58,600
Speaker 5: So it was a mindset change, because I mean, I

781
00:35:58,640 --> 00:36:00,840
Speaker 5: heard you say this about the this book that we

782
00:36:00,960 --> 00:36:03,440
Speaker 5: both read, The Millionaire next Door. And I read it

783
00:36:03,480 --> 00:36:06,600
Speaker 5: and my perspective was like, Wow, people that make that

784
00:36:06,719 --> 00:36:11,000
Speaker 5: much money are cheap, right, they don't exactly. They're conservative

785
00:36:11,040 --> 00:36:13,040
Speaker 5: with their money and that's how they keep it. And

786
00:36:13,040 --> 00:36:14,319
Speaker 5: then I heard your perspective and.

787
00:36:14,280 --> 00:36:17,160
Speaker 8: I was like, oh, yeah, yeah, yeah, that's a different

788
00:36:17,160 --> 00:36:17,799
Speaker 8: way to look at it.

789
00:36:17,880 --> 00:36:19,480
Speaker 3: Yeah, And I was like, you know, his mindset is

790
00:36:19,520 --> 00:36:19,960
Speaker 3: just different.

791
00:36:20,880 --> 00:36:21,840
Speaker 6: I don't want to be a millionaire.

792
00:36:22,000 --> 00:36:23,799
Speaker 3: When I read The Millionaire next Door, that was the

793
00:36:23,840 --> 00:36:26,080
Speaker 3: last time I ever took advice from a million millionaire.

794
00:36:26,760 --> 00:36:29,319
Speaker 3: I'm like, I don't live like that. That's stupid. Buy

795
00:36:29,320 --> 00:36:32,480
Speaker 3: a used truck, right, Like, if a used truck or

796
00:36:32,480 --> 00:36:34,480
Speaker 3: a new truck gets intwhere where I want to go,

797
00:36:35,360 --> 00:36:39,840
Speaker 3: I'm done already. You know, don't buy coffee this four dollars.

798
00:36:39,880 --> 00:36:44,160
Speaker 3: If four dollars cinc shit, you are fucked up. Okay,

799
00:36:44,239 --> 00:36:46,560
Speaker 3: you can do this all day, every day, as long

800
00:36:46,600 --> 00:36:48,360
Speaker 3: as you want to see. This is the this is

801
00:36:48,440 --> 00:36:50,480
Speaker 3: the environment I was brought up in. My mama was

802
00:36:50,680 --> 00:36:53,920
Speaker 3: clipping coupons she had a drawer where it was coupon's

803
00:36:53,960 --> 00:36:55,879
Speaker 3: the whole drawer. You could not it was the sacred drawer.

804
00:36:55,920 --> 00:36:57,239
Speaker 3: Do you guys have the sacred drawer down?

805
00:36:57,400 --> 00:37:01,440
Speaker 5: It was a sacred bag, I know, dude, so and

806
00:37:01,960 --> 00:37:04,560
Speaker 5: she knew when the sales were and she knew you.

807
00:37:04,480 --> 00:37:06,560
Speaker 3: Buy low and you sell hot. That is not how

808
00:37:06,600 --> 00:37:09,480
Speaker 3: you create wealth. You do not create wealth on defense.

809
00:37:10,160 --> 00:37:11,280
Speaker 3: You created on offense.

810
00:37:12,320 --> 00:37:14,600
Speaker 6: So use in the car industry. Not a lot of

811
00:37:14,600 --> 00:37:17,080
Speaker 6: people know that. Yeah. Yeah, my man Mike actually took

812
00:37:17,120 --> 00:37:20,120
Speaker 6: your course. He used to sell cars, Big Mic, Big Mic.

813
00:37:20,680 --> 00:37:24,600
Speaker 6: So we got a new name.

814
00:37:24,520 --> 00:37:25,879
Speaker 3: For what's he doing now?

815
00:37:25,920 --> 00:37:28,799
Speaker 6: Man, he's with us, Okay, okay, yeah, so.

816
00:37:30,800 --> 00:37:32,319
Speaker 3: He never smiles or is at the mask.

817
00:37:32,560 --> 00:37:36,200
Speaker 6: He's smiling right now. Ok Look, I.

818
00:37:36,200 --> 00:37:38,440
Speaker 3: Hated the car business man, You hated the car business.

819
00:37:38,520 --> 00:37:40,080
Speaker 3: It's only job I could get. I got out of

820
00:37:40,080 --> 00:37:43,040
Speaker 3: a treatment center for drug addiction. Okay, and from the

821
00:37:43,080 --> 00:37:45,840
Speaker 3: age of fifteen to twenty five, I was addicted to drugs.

822
00:37:45,880 --> 00:37:46,960
Speaker 6: What drug were you addicted to?

823
00:37:47,840 --> 00:37:48,719
Speaker 3: What you got?

824
00:37:48,800 --> 00:37:49,759
Speaker 6: Name it?

825
00:37:50,520 --> 00:37:51,520
Speaker 3: You got? What drug you got?

826
00:37:51,880 --> 00:37:54,400
Speaker 5: So we took in like nineteen eighties, Yeah, yeah.

827
00:37:54,280 --> 00:37:57,840
Speaker 6: Crack, whatever what you got? Okay? Oh, they cracked, he

828
00:37:57,880 --> 00:37:59,920
Speaker 6: did everything. Yeah, it was terrible.

829
00:38:00,160 --> 00:38:02,760
Speaker 3: It was terrible. Like I was one hundred and thirty pounds.

830
00:38:02,840 --> 00:38:09,879
Speaker 3: There's nobody. Yeah maybe maybe maybe spat with all this metal.

831
00:38:11,120 --> 00:38:13,520
Speaker 3: It made one thirty So I weighed one hundred and

832
00:38:13,560 --> 00:38:16,000
Speaker 3: thirty one pounds. That's fifty pounds less than I weighed today.

833
00:38:16,040 --> 00:38:19,000
Speaker 3: I was my my color of my skin was gray. Man, Like,

834
00:38:19,120 --> 00:38:20,000
Speaker 3: you know, I was a mess?

835
00:38:20,360 --> 00:38:21,000
Speaker 6: How many years?

836
00:38:21,000 --> 00:38:21,520
Speaker 3: Ten years?

837
00:38:21,520 --> 00:38:22,239
Speaker 6: Ten years? Yeah?

838
00:38:22,280 --> 00:38:24,600
Speaker 3: Really I was a mess. I had seven stitches put

839
00:38:24,640 --> 00:38:26,440
Speaker 3: in my head and face and beat up with a

840
00:38:26,440 --> 00:38:28,520
Speaker 3: pistol whip with a forty five caliber.

841
00:38:28,960 --> 00:38:29,799
Speaker 6: So how did you that's?

842
00:38:30,280 --> 00:38:31,680
Speaker 3: And then when I got out of the treatment center,

843
00:38:31,719 --> 00:38:33,359
Speaker 3: the only the only place I could get a job

844
00:38:33,440 --> 00:38:34,200
Speaker 3: was a car dealership.

845
00:38:34,280 --> 00:38:36,360
Speaker 6: How old were you when you got a car dealership situation?

846
00:38:37,040 --> 00:38:40,719
Speaker 3: Uh, twenty three. I was in a car dealership of

847
00:38:40,800 --> 00:38:45,480
Speaker 3: twenty three, and I left the car dealership, went to treatment,

848
00:38:45,520 --> 00:38:47,000
Speaker 3: and when I came back, they took me back.

849
00:38:48,719 --> 00:38:51,040
Speaker 6: Hmm. So all right, So you had substance abuse issues

850
00:38:51,040 --> 00:38:53,800
Speaker 6: for your whole teenage, like yeah, exactly until it was

851
00:38:53,920 --> 00:38:57,480
Speaker 6: like early twenties. You're go in the car business. How

852
00:38:57,480 --> 00:38:59,480
Speaker 6: do you grow the car because you became pretty big,

853
00:38:59,480 --> 00:39:01,000
Speaker 6: and you became big in the car business.

854
00:39:01,239 --> 00:39:03,000
Speaker 3: So what happened was I had a job.

855
00:39:03,040 --> 00:39:05,560
Speaker 6: I hated you were selling cars, yeah yeah.

856
00:39:05,360 --> 00:39:07,160
Speaker 3: And I hated it right. I hated the way people

857
00:39:07,160 --> 00:39:09,000
Speaker 3: looked at me. If I wanted to go on a

858
00:39:09,080 --> 00:39:10,880
Speaker 3: date and I told the girl I was a car salesman,

859
00:39:10,920 --> 00:39:13,320
Speaker 3: she wouldn't take the date. Right now, everybody hates a

860
00:39:13,360 --> 00:39:19,520
Speaker 3: car salesman, so right now I hate you now so

861
00:39:19,520 --> 00:39:22,920
Speaker 3: so and uh. And I had a college degree. Man,

862
00:39:22,960 --> 00:39:25,200
Speaker 3: I finished college with a drug problem, Like I just

863
00:39:25,239 --> 00:39:28,160
Speaker 3: squeaked through the college thing. So when you get out,

864
00:39:28,280 --> 00:39:30,800
Speaker 3: when you spend five years getting an accounting degree in college,

865
00:39:31,320 --> 00:39:32,920
Speaker 3: car salesman is not the thing you want to be.

866
00:39:33,480 --> 00:39:35,400
Speaker 3: But but nobody would hire me. So I took I

867
00:39:35,480 --> 00:39:37,480
Speaker 3: kept a job, and when I got back out of

868
00:39:37,520 --> 00:39:40,200
Speaker 3: the treatment center, I did not have the option in

869
00:39:40,239 --> 00:39:42,719
Speaker 3: my life to go find a job. A light. This

870
00:39:42,760 --> 00:39:47,600
Speaker 3: has become a defining moment for my life. I learned, Ernest,

871
00:39:47,640 --> 00:39:48,000
Speaker 3: what's up.

872
00:39:48,120 --> 00:39:51,280
Speaker 5: You ever walk into a small business and everything just works,

873
00:39:51,520 --> 00:39:54,800
Speaker 5: like the checkout is fast, the seats are digital, tipping

874
00:39:55,080 --> 00:39:57,520
Speaker 5: is a breeze, and you're out the door before the

875
00:39:57,560 --> 00:40:01,920
Speaker 5: line even builds. Odds are they're using Square. We love

876
00:40:01,960 --> 00:40:05,120
Speaker 5: supporting businesses that run on Square because it just feels seamless.

877
00:40:05,280 --> 00:40:07,840
Speaker 5: Whether it's a local coffee shop, a vendor at a

878
00:40:07,840 --> 00:40:10,719
Speaker 5: pop up market, or even one of our merch partners,

879
00:40:10,960 --> 00:40:14,759
Speaker 5: Square makes it easy for them to take payments, manage inventory,

880
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Speaker 5: and run their business with confidence, all from one simple system.

881
00:40:19,200 --> 00:40:21,799
Speaker 5: If you're a business owner or even just thinking about

882
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Speaker 5: launching something soon, Square is hands down one of the

883
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Speaker 5: best tools out there to help you start, run, and grow.

884
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Speaker 5: It's not just about payments, it's about giving you time

885
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Speaker 5: back so you can focus on what matters most ready.

886
00:40:34,800 --> 00:40:38,160
Speaker 5: To see how Square can transform your business, visit Square

887
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Speaker 5: dot com backslash go backslash eyl to learn more that

888
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Speaker 5: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

889
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Speaker 5: Let's Square handle the back end so you can keep

890
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Speaker 5: pushing your vision forward. This episode is brought to you

891
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Speaker 5: by P and C Bank. A lot of people think

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Speaker 5: podcasts about work of boring, and sure they definitely can be,

893
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895
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Speaker 5: banking with P and C Bank. It might seem boring

896
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897
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898
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899
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900
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901
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Speaker 5: P and C Bank National Association Member FDIC.

902
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Speaker 9: An illegal alien from Guatemala charged with raping a child

903
00:41:41,360 --> 00:41:45,160
Speaker 9: in Massachusetts. An MS thirteen gang member from El Salvador

904
00:41:45,400 --> 00:41:49,520
Speaker 9: accused of murdering a Texas. Man of Venezuelan charged with

905
00:41:49,600 --> 00:41:53,480
Speaker 9: filming and selling child pornography in Michigan. These are just

906
00:41:53,600 --> 00:41:57,360
Speaker 9: some of the heinous migrant criminals caught because of President

907
00:41:57,400 --> 00:42:01,560
Speaker 9: Donald J. Trump's leadership. I'm Christine, the United States Secretary

908
00:42:01,600 --> 00:42:06,360
Speaker 9: of Homeland Security. Under President Trump, attempted illegal border crossings

909
00:42:06,400 --> 00:42:09,560
Speaker 9: are at the lowest levels ever recorded, and over one

910
00:42:09,680 --> 00:42:12,879
Speaker 9: hundred thousand illegal aliens have been arrested. If you were

911
00:42:12,960 --> 00:42:16,879
Speaker 9: here illegally, your next you will be fine nearly one

912
00:42:16,920 --> 00:42:21,480
Speaker 9: thousand dollars a day. Imprisoned and deported, you will never return.

913
00:42:21,800 --> 00:42:24,799
Speaker 9: But if you register using our CBP home app and

914
00:42:24,920 --> 00:42:28,239
Speaker 9: leave now. You could be allowed to return legally do

915
00:42:28,360 --> 00:42:33,480
Speaker 9: what's right. Leave now. Under President Trump, America's laws, border

916
00:42:33,680 --> 00:42:35,480
Speaker 9: and families will be protected.

917
00:42:35,600 --> 00:42:38,080
Speaker 3: Sponsored by the United States Department of Homeland Security. Earned

918
00:42:38,840 --> 00:42:40,960
Speaker 3: how to do one of the things I'm most proud of.

919
00:42:41,120 --> 00:42:44,440
Speaker 3: I learned how to lean into something I hated. And

920
00:42:44,480 --> 00:42:46,960
Speaker 3: it's a cool It was a really cool spiritual experience

921
00:42:47,000 --> 00:42:50,880
Speaker 3: because the very thing that I hated the most I

922
00:42:51,000 --> 00:42:54,640
Speaker 3: ended up getting really good at. And not only did

923
00:42:54,680 --> 00:42:56,440
Speaker 3: I get good at it, but it was like I

924
00:42:56,560 --> 00:43:00,480
Speaker 3: changed it. I became a guru in the space, and

925
00:43:00,520 --> 00:43:03,600
Speaker 3: I changed the way people sell cars. So like today

926
00:43:03,640 --> 00:43:05,560
Speaker 3: when you can go there and easily get a price

927
00:43:05,600 --> 00:43:08,000
Speaker 3: and a payment and a down payment. I'm the guy

928
00:43:08,000 --> 00:43:08,759
Speaker 3: that created all that.

929
00:43:09,320 --> 00:43:12,640
Speaker 5: So you actually hated sales and just became the guru

930
00:43:12,680 --> 00:43:13,880
Speaker 5: of sales from that moment.

931
00:43:13,880 --> 00:43:16,600
Speaker 3: I hated it, and I hated all the trickery. Hide it,

932
00:43:16,680 --> 00:43:18,840
Speaker 3: don't tell them. You know, they play all these games

933
00:43:18,840 --> 00:43:20,760
Speaker 3: in the car dealership, like you know, you're still playing

934
00:43:20,760 --> 00:43:25,799
Speaker 3: the game. Yeah yeah, yeah. So it was like, don't

935
00:43:25,800 --> 00:43:27,759
Speaker 3: tell them a price, make sure they love the car,

936
00:43:28,040 --> 00:43:31,200
Speaker 3: work it out on their budget. You know. It was trickery,

937
00:43:31,239 --> 00:43:33,680
Speaker 3: and so I cleaned all that up and got very successful.

938
00:43:33,760 --> 00:43:35,680
Speaker 3: And then I started teaching car dealerships how to do it.

939
00:43:35,719 --> 00:43:36,960
Speaker 3: That was my first business.

940
00:43:37,200 --> 00:43:40,000
Speaker 6: So you branded yourself, started a side business, yeah, and

941
00:43:40,040 --> 00:43:42,000
Speaker 6: became a consultant to car That's.

942
00:43:41,960 --> 00:43:44,959
Speaker 3: Right, that's right, doing your homework these guys.

943
00:43:46,040 --> 00:43:48,600
Speaker 6: So what did this entrepreneur spirit comfort? Because I mean,

944
00:43:48,840 --> 00:43:51,319
Speaker 6: all right, so you have a very interesting, you know

945
00:43:51,600 --> 00:43:54,160
Speaker 6: background as far as something abuse for ten years, that's

946
00:43:54,160 --> 00:43:57,320
Speaker 6: a long period of time. Yeah, then you become an entrepreneur.

947
00:43:57,440 --> 00:44:04,160
Speaker 6: Like who taught you entrepreneurship? Nobody man taught yourself. Yeah.

948
00:44:04,239 --> 00:44:06,160
Speaker 3: You know, I'm not self made. I don't want to

949
00:44:06,160 --> 00:44:08,960
Speaker 3: say like I'm a self made guy. But like when

950
00:44:09,000 --> 00:44:12,360
Speaker 3: I was coming up, there was no courses, you know,

951
00:44:13,760 --> 00:44:17,759
Speaker 3: so hey, grant cardon here, Like I've done that cold

952
00:44:17,800 --> 00:44:22,200
Speaker 3: call in cities like this show I just did Undercover Billionaire.

953
00:44:22,480 --> 00:44:24,120
Speaker 3: I knew I could do it. I mean like when

954
00:44:24,160 --> 00:44:25,480
Speaker 3: they called me and said, hey, can we drop you

955
00:44:25,520 --> 00:44:27,239
Speaker 3: off in the city and you could build a million

956
00:44:27,280 --> 00:44:31,600
Speaker 3: dollar business in ninety days, I'm like, yeah, yeah, Like

957
00:44:31,640 --> 00:44:33,520
Speaker 3: you think you could do it, I'm like yeah, But

958
00:44:33,760 --> 00:44:35,480
Speaker 3: question is would I do it? Like would I leave

959
00:44:35,480 --> 00:44:38,600
Speaker 3: my family? Would I get dropped off into something, leave

960
00:44:38,640 --> 00:44:41,480
Speaker 3: my my my beautiful plane, you know? Would I leave

961
00:44:41,520 --> 00:44:47,400
Speaker 3: my cush lifestyle, my nice cars? You know, my Gucci slippers. Man,

962
00:44:47,760 --> 00:44:49,640
Speaker 3: Am I gonna leave all my ship? I gotta leave

963
00:44:49,640 --> 00:44:53,600
Speaker 3: my Richard at home? Man, I don't real my babies manchie,

964
00:44:53,719 --> 00:44:55,040
Speaker 3: you know? So am I gonna do that?

965
00:44:55,200 --> 00:44:55,279
Speaker 6: Like?

966
00:44:55,840 --> 00:44:56,680
Speaker 3: Can I do it? Yeah?

967
00:44:56,800 --> 00:44:57,160
Speaker 6: Could? I?

968
00:44:57,280 --> 00:44:59,440
Speaker 3: Would I do it? Different? Thing? That was the hardest

969
00:44:59,440 --> 00:45:00,600
Speaker 3: thing I ever done, have done in.

970
00:45:00,520 --> 00:45:04,080
Speaker 6: My life, under cover million never do it again.

971
00:45:04,160 --> 00:45:05,840
Speaker 3: Hardest thing. I didn't mean to jump on you, but

972
00:45:07,719 --> 00:45:09,480
Speaker 3: so you know when I got into real When I

973
00:45:09,520 --> 00:45:11,799
Speaker 3: got I got fired from that car dealership, and then

974
00:45:11,880 --> 00:45:14,239
Speaker 3: I started. I was forced to go out and start

975
00:45:14,239 --> 00:45:17,040
Speaker 3: my own business. I didn't I never had. I want

976
00:45:17,040 --> 00:45:18,799
Speaker 3: to be an entrepreneur. I want to be a big

977
00:45:18,840 --> 00:45:21,000
Speaker 3: business guy. I was forced into this.

978
00:45:21,160 --> 00:45:23,839
Speaker 6: So then from growing that, yeah, you see, you see

979
00:45:23,880 --> 00:45:26,200
Speaker 6: the value in business, and now you just go in

980
00:45:26,239 --> 00:45:28,399
Speaker 6: every different you go in other different directions from there.

981
00:45:28,480 --> 00:45:30,440
Speaker 3: Well, when I was thirty, I started the first business.

982
00:45:30,440 --> 00:45:32,120
Speaker 3: So I started. This is how I started on There

983
00:45:32,200 --> 00:45:34,279
Speaker 3: was no Internet, No, there was no social media, there

984
00:45:34,280 --> 00:45:38,239
Speaker 3: was no verified Hey hey, my name's Grant Cardoon. I

985
00:45:38,239 --> 00:45:40,240
Speaker 3: would go off the cities. I would go to San Antonio.

986
00:45:40,239 --> 00:45:41,920
Speaker 3: I lived in Houston at the time. I'd go to

987
00:45:41,960 --> 00:45:44,360
Speaker 3: San Antonio. Hey, my name is Grant Cardoon. Can you

988
00:45:44,360 --> 00:45:47,360
Speaker 3: give me five minutes? Click? Yeah. I mean thousands of

989
00:45:47,360 --> 00:45:50,520
Speaker 3: people's closed doors on me, and that really built this

990
00:45:50,640 --> 00:45:53,440
Speaker 3: skin that I have today, This this thing that I have,

991
00:45:53,600 --> 00:45:57,120
Speaker 3: you know, this meet, My ability to stand up for

992
00:45:57,239 --> 00:46:00,480
Speaker 3: myself is really because of thousands ten that that was

993
00:46:00,520 --> 00:46:01,280
Speaker 3: a cold cast.

994
00:46:01,360 --> 00:46:02,839
Speaker 5: So how are you scaling it this time?

995
00:46:02,920 --> 00:46:03,040
Speaker 6: Right?

996
00:46:03,040 --> 00:46:05,400
Speaker 5: Because there is no internet, I'll we doing like publications

997
00:46:05,400 --> 00:46:06,520
Speaker 5: in newspaper, How are you doing?

998
00:46:07,120 --> 00:46:09,600
Speaker 3: Ever bought a publication? I'd basically get on the phone.

999
00:46:09,600 --> 00:46:11,719
Speaker 3: I was in Houston. I called Salt Lake City. I'm

1000
00:46:11,719 --> 00:46:14,080
Speaker 3: going on a Saturday and Sunday. I get on the

1001
00:46:14,120 --> 00:46:16,799
Speaker 3: phone and start calling businesses Friday, Saturday and Sunday. And

1002
00:46:17,120 --> 00:46:18,800
Speaker 3: on Sunday night I get on a plane flight to

1003
00:46:18,840 --> 00:46:21,160
Speaker 3: Salt Lake City and start calling on people. Hey, I

1004
00:46:21,200 --> 00:46:23,080
Speaker 3: was the guy you hung up on yesterday. We take

1005
00:46:23,120 --> 00:46:26,080
Speaker 3: a minute and see me. You're the guy, man, You're

1006
00:46:26,080 --> 00:46:27,799
Speaker 3: the guy to call back three times? Yeah, I'm the guy.

1007
00:46:27,840 --> 00:46:29,560
Speaker 3: I just man, I'm just flewing from Houston. I want

1008
00:46:29,600 --> 00:46:31,120
Speaker 3: to come by and see the guy that keeps hanging

1009
00:46:31,200 --> 00:46:34,200
Speaker 3: up on me. Damn, what did I do to you? Man? Okay,

1010
00:46:34,239 --> 00:46:37,920
Speaker 3: come on in, son I's thirty years old, and come in.

1011
00:46:38,080 --> 00:46:40,160
Speaker 3: I talk to him. I can help your sales department.

1012
00:46:40,200 --> 00:46:42,359
Speaker 3: I can show you something. Don't pay me any money,

1013
00:46:42,400 --> 00:46:43,880
Speaker 3: don't give me any money. Let me just show you

1014
00:46:43,920 --> 00:46:46,839
Speaker 3: what I can do. Okay, man, go take a shot.

1015
00:46:47,280 --> 00:46:50,200
Speaker 3: And then that's how I started doing that thirty two

1016
00:46:50,280 --> 00:46:50,600
Speaker 3: years ago.

1017
00:46:50,719 --> 00:46:52,879
Speaker 5: So who's the first business that you got that made

1018
00:46:53,040 --> 00:46:54,480
Speaker 5: That was the break and it was like, you know what,

1019
00:46:54,520 --> 00:46:56,600
Speaker 5: this is the deal that's going to change my life.

1020
00:46:56,760 --> 00:46:59,120
Speaker 3: Dude. I was in Utah. I was in Utah. I

1021
00:46:59,200 --> 00:47:01,919
Speaker 3: was about to clear measure. I was about to quit.

1022
00:47:02,080 --> 00:47:05,359
Speaker 3: You got me in the marms shut out. I can't

1023
00:47:05,800 --> 00:47:10,960
Speaker 3: one wife. So I was in Uh. I was about

1024
00:47:10,960 --> 00:47:12,880
Speaker 3: to quit because it was hard. It's one of the

1025
00:47:12,880 --> 00:47:15,399
Speaker 3: hardest things I've ever done is cold call businesses, any

1026
00:47:15,440 --> 00:47:18,880
Speaker 3: of your rather cold companies. I'm not called I'm cold

1027
00:47:18,880 --> 00:47:22,960
Speaker 3: calling companies. And I didn't have a team doing it.

1028
00:47:23,040 --> 00:47:23,600
Speaker 6: I'm doing it.

1029
00:47:24,239 --> 00:47:25,799
Speaker 3: And then I would still go to the city and

1030
00:47:25,840 --> 00:47:27,360
Speaker 3: call on the very people that hung up on me.

1031
00:47:28,200 --> 00:47:30,040
Speaker 6: So which was a you know, that's different.

1032
00:47:30,120 --> 00:47:32,200
Speaker 5: It's brutal because something like the time you're still paying

1033
00:47:32,239 --> 00:47:33,839
Speaker 5: for long distance we make in these schools.

1034
00:47:33,520 --> 00:47:35,880
Speaker 3: I was paying for and long distance. True story, it's crazy,

1035
00:47:35,880 --> 00:47:37,960
Speaker 3: Like I get two hundred dollars bill. I was terrified

1036
00:47:38,600 --> 00:47:41,440
Speaker 3: and I had no money, no loans. It was all bootstrapped.

1037
00:47:41,920 --> 00:47:45,640
Speaker 3: And Utah was the fourth city I did and I

1038
00:47:45,680 --> 00:47:48,800
Speaker 3: had a breakthrough. Man, I just everything just fell in place.

1039
00:47:48,920 --> 00:47:52,160
Speaker 3: I'm like, this is my gig. And I got so

1040
00:47:52,280 --> 00:47:54,600
Speaker 3: good at that. I started making money as a speaker,

1041
00:47:54,840 --> 00:47:58,000
Speaker 3: and and then three years into it, my asset, this

1042
00:47:58,080 --> 00:48:01,360
Speaker 3: business became a liability. Why because it was no longer

1043
00:48:01,440 --> 00:48:04,480
Speaker 3: it wasn't scalable, Okay, So I got stuck in it.

1044
00:48:04,520 --> 00:48:06,239
Speaker 3: I became I was on the road two hundred and

1045
00:48:06,280 --> 00:48:08,840
Speaker 3: fifty days a year. I didn't have a life. I

1046
00:48:08,880 --> 00:48:10,080
Speaker 3: had money coming in, but.

1047
00:48:10,880 --> 00:48:11,919
Speaker 6: I couldn't multiply yourself.

1048
00:48:12,000 --> 00:48:15,160
Speaker 3: I couldn't multiply it. Man, I didn't know. I couldn't.

1049
00:48:15,960 --> 00:48:18,719
Speaker 3: I wasn't. I wasn't thinking. I was thinking about just

1050
00:48:18,719 --> 00:48:21,440
Speaker 3: hold on. See. I was still I was still financially

1051
00:48:22,239 --> 00:48:25,560
Speaker 3: h illiterate. Because I knew how to get money, I

1052
00:48:25,560 --> 00:48:27,920
Speaker 3: didn't know what to do with it, and so I

1053
00:48:27,920 --> 00:48:29,640
Speaker 3: would just store it. I would just put it off

1054
00:48:29,640 --> 00:48:31,800
Speaker 3: to the side. I bought retirement accounts. I know he

1055
00:48:32,239 --> 00:48:36,000
Speaker 3: loves that retirement agown ship, and I would get that.

1056
00:48:36,840 --> 00:48:40,040
Speaker 3: I got an IRA that was stupid. I got a

1057
00:48:40,040 --> 00:48:43,000
Speaker 3: four O one. I thought I was a genius. You

1058
00:48:43,080 --> 00:48:45,240
Speaker 3: know it was so stupid, dude.

1059
00:48:45,280 --> 00:48:47,160
Speaker 6: So let me ask you this taxes.

1060
00:48:47,320 --> 00:48:51,120
Speaker 3: Yeah, taxes, taxes, my friend, this is what I'm good at.

1061
00:48:51,600 --> 00:48:52,520
Speaker 3: I know how to play.

1062
00:48:52,320 --> 00:48:54,600
Speaker 6: This, this, this is this is what I want to hear. Man.

1063
00:48:54,800 --> 00:48:56,040
Speaker 6: I've heard you say, is this.

1064
00:48:56,000 --> 00:48:56,840
Speaker 3: A Christian channel?

1065
00:48:57,880 --> 00:48:58,080
Speaker 6: No?

1066
00:48:58,160 --> 00:49:04,759
Speaker 3: Okay, good fuck the Irin. Tell him, I said, I

1067
00:49:04,800 --> 00:49:07,160
Speaker 3: think it's going to be in a deposition one day.

1068
00:49:08,000 --> 00:49:09,759
Speaker 6: I said it, tell how you really feel.

1069
00:49:09,920 --> 00:49:10,600
Speaker 3: I don't like him.

1070
00:49:11,719 --> 00:49:13,839
Speaker 6: So you said that I'm paraphrasing.

1071
00:49:14,040 --> 00:49:14,680
Speaker 3: Yeah, yeah.

1072
00:49:14,840 --> 00:49:16,279
Speaker 6: Don't hate the player. Hate the game?

1073
00:49:16,440 --> 00:49:18,919
Speaker 3: Yeah yeah, when the game?

1074
00:49:19,000 --> 00:49:19,879
Speaker 6: When the game? When the game?

1075
00:49:19,920 --> 00:49:20,080
Speaker 3: You got?

1076
00:49:20,239 --> 00:49:22,359
Speaker 6: Learn how to play the game? A clip one viral

1077
00:49:22,400 --> 00:49:24,160
Speaker 6: on Instagram tlding about how you brought the plane at

1078
00:49:24,160 --> 00:49:27,319
Speaker 6: the end of the year. Yeah yeah, man, that's what

1079
00:49:27,360 --> 00:49:31,879
Speaker 6: we had for brother, So give us the game. How

1080
00:49:32,320 --> 00:49:33,680
Speaker 6: wealthy and rich people will boid?

1081
00:49:34,440 --> 00:49:37,040
Speaker 3: Okay, So first of all, you to pull this off,

1082
00:49:37,080 --> 00:49:40,240
Speaker 3: you have to accumulate money. You got to get money.

1083
00:49:40,600 --> 00:49:43,120
Speaker 3: You cannot do this without the bag. So I say,

1084
00:49:43,200 --> 00:49:46,600
Speaker 3: get the bag. Secure the bag, okay, and then you

1085
00:49:46,680 --> 00:49:48,799
Speaker 3: have to use the bag. You cannot. Just like this

1086
00:49:48,960 --> 00:49:51,840
Speaker 3: was I made a reference to Pablo Escobar. He didn't

1087
00:49:51,840 --> 00:49:55,760
Speaker 3: know how to convert the bag cash became his cash.

1088
00:49:55,920 --> 00:49:59,600
Speaker 3: Cash by itself is garbage. Okay. The rats will eat it,

1089
00:50:00,160 --> 00:50:02,479
Speaker 3: the mold will get it. It's just gonna go away.

1090
00:50:02,480 --> 00:50:05,280
Speaker 3: It's being depreciated every second of every day. The greatest

1091
00:50:05,320 --> 00:50:07,800
Speaker 3: tax in the world is inflation. It's a hidden tax.

1092
00:50:09,120 --> 00:50:11,399
Speaker 3: So it goes down in value, right, they just print more.

1093
00:50:11,480 --> 00:50:14,120
Speaker 3: So this this is its ability to buy things goes

1094
00:50:14,120 --> 00:50:16,080
Speaker 3: down in value because the price of things goes up.

1095
00:50:16,360 --> 00:50:19,400
Speaker 3: So what I do with money? Okay, every day I

1096
00:50:19,400 --> 00:50:21,120
Speaker 3: get an account. First thing I do when I get

1097
00:50:21,120 --> 00:50:23,200
Speaker 3: to my office is I look at my cash accounts.

1098
00:50:23,800 --> 00:50:26,799
Speaker 3: The purpose, yeah, the purpose? This is what I saw today. Okay,

1099
00:50:26,800 --> 00:50:31,200
Speaker 3: you don't tell them, Okay, I see this, Okay, that's

1100
00:50:31,200 --> 00:50:33,440
Speaker 3: sitting in cash. I'm like, I have to convert this

1101
00:50:33,800 --> 00:50:37,240
Speaker 3: to an asset, not cash, because this will just continue

1102
00:50:37,280 --> 00:50:44,240
Speaker 3: to be taxed. So there's a game with the tax code.

1103
00:50:44,360 --> 00:50:47,279
Speaker 3: There's certain things that you can buy. A house is

1104
00:50:47,280 --> 00:50:50,080
Speaker 3: not one of them. A car is not one of them.

1105
00:50:50,120 --> 00:50:51,839
Speaker 3: There's a couple of cars that you can actually write

1106
00:50:51,840 --> 00:50:52,880
Speaker 3: off that they're heavy.

1107
00:50:52,600 --> 00:50:53,680
Speaker 6: In over sunds.

1108
00:50:53,760 --> 00:50:56,440
Speaker 3: Yeah, yeah, so you know that's why George Bush did that.

1109
00:50:56,440 --> 00:50:58,680
Speaker 3: By the way, don't hate on George. Okay, he's the

1110
00:50:58,719 --> 00:51:00,880
Speaker 3: one that pushed that sub through there because he was

1111
00:51:00,920 --> 00:51:04,919
Speaker 3: tied to Exxon. So they're like, please keep the suv going,

1112
00:51:05,160 --> 00:51:07,920
Speaker 3: incentivize it with taxes, and that's how they keep the

1113
00:51:07,920 --> 00:51:10,480
Speaker 3: game going. The four to ones in the iras, those

1114
00:51:10,520 --> 00:51:15,080
Speaker 3: are incentivized. Not for us, they're incentivized for Wall Street.

1115
00:51:15,960 --> 00:51:19,600
Speaker 3: Pay people an incentive to make sure they push their

1116
00:51:19,640 --> 00:51:22,840
Speaker 3: money to us, and we will own and control that

1117
00:51:22,920 --> 00:51:25,960
Speaker 3: money for thirty or forty years on Wall Street and

1118
00:51:26,000 --> 00:51:29,480
Speaker 3: they can hope and wait for retirement. Tonya. It's a scam.

1119
00:51:29,520 --> 00:51:31,680
Speaker 3: I'm not a conspiracy guy. It's just obvious.

1120
00:51:31,960 --> 00:51:32,160
Speaker 6: Right.

1121
00:51:32,440 --> 00:51:34,920
Speaker 3: So there's certain parts of the tax code when they

1122
00:51:34,920 --> 00:51:37,520
Speaker 3: write it, if you study it, that allow me to

1123
00:51:37,560 --> 00:51:40,880
Speaker 3: go do things that takes advantage of the tax code.

1124
00:51:40,920 --> 00:51:44,240
Speaker 3: This is one of them. Okay, So that that plane

1125
00:51:44,280 --> 00:51:46,520
Speaker 3: if you can afford to write a check for that

1126
00:51:46,560 --> 00:51:49,520
Speaker 3: plane or get a loan for that plane. That plane's

1127
00:51:49,760 --> 00:51:51,440
Speaker 3: brand new, sixty one million dollars.

1128
00:51:51,480 --> 00:51:51,800
Speaker 6: Okay.

1129
00:51:52,560 --> 00:51:55,239
Speaker 3: So so at the end of what year was it?

1130
00:51:55,280 --> 00:52:00,279
Speaker 3: By the way, the irs will see this, Okay, here

1131
00:52:00,320 --> 00:52:02,520
Speaker 3: it is. It's the truth. That's how big the code is,

1132
00:52:02,640 --> 00:52:05,120
Speaker 3: and that's how legal this is. So at the end

1133
00:52:05,200 --> 00:52:06,920
Speaker 3: of the year, I had this big major tax bill

1134
00:52:06,960 --> 00:52:08,440
Speaker 3: on my account. It calls me and says, look, you're

1135
00:52:08,440 --> 00:52:10,719
Speaker 3: gonna o X. I'm like, okay, well, we're gonna do

1136
00:52:10,760 --> 00:52:12,719
Speaker 3: about it. There's nothing you can do about I've looked

1137
00:52:12,719 --> 00:52:16,000
Speaker 3: at everything, everything the account. It says, everything has been

1138
00:52:16,000 --> 00:52:20,160
Speaker 3: looked at. I'm earning my money, bro, something can always

1139
00:52:20,200 --> 00:52:21,960
Speaker 3: be done about it. Like I have used this for

1140
00:52:22,000 --> 00:52:25,240
Speaker 3: thirty years. There's always something you can do about something.

1141
00:52:26,040 --> 00:52:27,839
Speaker 3: And the moment you throw into talent says you can't

1142
00:52:27,840 --> 00:52:30,200
Speaker 3: do anything, you just quit. So something can be done

1143
00:52:30,200 --> 00:52:32,319
Speaker 3: about So I started researching. I'm like, I could buy

1144
00:52:32,360 --> 00:52:34,839
Speaker 3: a plane. I could buy a plane, wipe the whole

1145
00:52:34,840 --> 00:52:38,600
Speaker 3: thing out this year, the following year and in the

1146
00:52:38,640 --> 00:52:41,200
Speaker 3: third year from now. So I called golf stream up

1147
00:52:41,200 --> 00:52:42,600
Speaker 3: and I'm like, hey, you guys got a golf stream

1148
00:52:42,640 --> 00:52:44,600
Speaker 3: five fifty. Now we don't have any of this. Sold

1149
00:52:44,640 --> 00:52:45,400
Speaker 3: out for two years.

1150
00:52:45,600 --> 00:52:45,920
Speaker 6: Okay.

1151
00:52:46,000 --> 00:52:47,680
Speaker 3: So called him a second time. You got to go

1152
00:52:47,719 --> 00:52:49,920
Speaker 3: stream five bit. No, nope, we sold out for two years.

1153
00:52:50,040 --> 00:52:52,000
Speaker 3: Called the guy back in, Can you find me something?

1154
00:52:52,000 --> 00:52:53,719
Speaker 3: Come on, man, I got fourteen days till the end

1155
00:52:53,719 --> 00:52:56,080
Speaker 3: of the year. He's like, Grant, if I could, I would.

1156
00:52:56,200 --> 00:52:57,960
Speaker 3: I want to sell you a plane. It's going to

1157
00:52:58,000 --> 00:53:00,799
Speaker 3: be two years. So I went to my I said,

1158
00:53:00,800 --> 00:53:04,040
Speaker 3: wire them sixty million dollars. Wired goulfstream sixty million dollars

1159
00:53:04,120 --> 00:53:07,240
Speaker 3: right now, she sends the wire, hits the wire, boom,

1160
00:53:07,280 --> 00:53:09,239
Speaker 3: they get it. I call Rick up, Rick, go to

1161
00:53:09,239 --> 00:53:11,640
Speaker 3: your accounting department. I've done this more than once to people.

1162
00:53:11,719 --> 00:53:16,680
Speaker 3: So call your accounting department and he's like, oh my god,

1163
00:53:16,880 --> 00:53:19,640
Speaker 3: nobody's ever done this before. Can you find me a jet?

1164
00:53:19,719 --> 00:53:21,759
Speaker 3: Rick hold on one second, calls the president of company.

1165
00:53:21,800 --> 00:53:24,319
Speaker 3: They're like, we found you a jet. They delivered that

1166
00:53:24,400 --> 00:53:26,399
Speaker 3: jet with three days left in the year. I wrote

1167
00:53:26,440 --> 00:53:28,200
Speaker 3: off the entire jet that year.

1168
00:53:28,280 --> 00:53:29,359
Speaker 6: So you got off sixty million.

1169
00:53:29,520 --> 00:53:33,680
Speaker 3: Yeah, oh my taxes. I wrote off what we agreed on, okay,

1170
00:53:33,760 --> 00:53:36,359
Speaker 3: which was less than six okay, okay. Now the point

1171
00:53:36,400 --> 00:53:38,960
Speaker 3: of The story is if you can prepay into the

1172
00:53:39,000 --> 00:53:43,719
Speaker 3: future with assets, Like last year, I bought millions of

1173
00:53:43,800 --> 00:53:47,560
Speaker 3: dollars of media for twenty twenty one and pay for

1174
00:53:47,600 --> 00:53:50,480
Speaker 3: it in twenty twenty to reduce my tax bill in

1175
00:53:50,520 --> 00:53:55,439
Speaker 3: twenty twenty to zero media advertising. So like that show

1176
00:53:55,480 --> 00:53:58,520
Speaker 3: I did on a Discovery Undercover Billionaire, my ad comes

1177
00:53:58,560 --> 00:54:01,799
Speaker 3: in at thirty seconds. Okay, it's a thirty second ad.

1178
00:54:01,840 --> 00:54:05,200
Speaker 3: I paid them a million dollars in December, so just

1179
00:54:05,200 --> 00:54:07,120
Speaker 3: for the whole I wrote it off for. I wrote

1180
00:54:07,120 --> 00:54:09,440
Speaker 3: it off for last year. Yeah, to reduce my tax.

1181
00:54:09,280 --> 00:54:11,160
Speaker 6: But you paid in advance for this year.

1182
00:54:11,000 --> 00:54:12,520
Speaker 3: And it already paid for it going forward.

1183
00:54:13,160 --> 00:54:14,560
Speaker 6: It's like if somebody wanted to run an add on

1184
00:54:14,640 --> 00:54:15,239
Speaker 6: or your legion, it.

1185
00:54:15,200 --> 00:54:17,279
Speaker 3: Was dude, just dump it man. They owned dump it.

1186
00:54:17,320 --> 00:54:19,359
Speaker 3: Like at the in December, we still calling people, man,

1187
00:54:19,400 --> 00:54:20,399
Speaker 3: pre pay for next year.

1188
00:54:20,840 --> 00:54:23,319
Speaker 5: So when you paid sixty million for this jet, how

1189
00:54:23,320 --> 00:54:24,759
Speaker 5: are you using it for the next three years? Is

1190
00:54:24,800 --> 00:54:25,719
Speaker 5: because the maintenance of it?

1191
00:54:25,760 --> 00:54:27,880
Speaker 3: Well no, no, so well still I don't own the

1192
00:54:27,960 --> 00:54:30,799
Speaker 3: jet right the jet's mind. So what I'm doing is is,

1193
00:54:31,000 --> 00:54:33,720
Speaker 3: let's say my tax bill that year was thirty million. Yeah,

1194
00:54:33,920 --> 00:54:36,600
Speaker 3: my tax bill went to zero. Right this next year,

1195
00:54:36,640 --> 00:54:37,960
Speaker 3: I still had thirty million left.

1196
00:54:38,080 --> 00:54:41,120
Speaker 6: Right next year, income gotch So the.

1197
00:54:41,080 --> 00:54:44,000
Speaker 3: Game is just so everybody understands, Like, my job, My

1198
00:54:44,120 --> 00:54:46,440
Speaker 3: goal is to reduce my tax bill a zero or

1199
00:54:46,440 --> 00:54:50,160
Speaker 3: below every year. I don't feel bad about it. Anybody

1200
00:54:50,320 --> 00:54:52,320
Speaker 3: hates on me because I don't want to pay taxes,

1201
00:54:52,719 --> 00:54:54,880
Speaker 3: hate on me. I'm gonna figure out how not to

1202
00:54:54,920 --> 00:54:55,640
Speaker 3: pay these fools.

1203
00:54:55,680 --> 00:54:56,000
Speaker 6: Okay.

1204
00:54:56,640 --> 00:54:59,120
Speaker 3: On the other hand, I have a billion two billion

1205
00:54:59,160 --> 00:55:00,920
Speaker 3: dollars worth of real estate. Did I pay taxes on

1206
00:55:01,000 --> 00:55:03,960
Speaker 3: every year? That's forty million in property taxes. I have

1207
00:55:04,000 --> 00:55:06,839
Speaker 3: five hundred employees. I pay taxes on these people, right,

1208
00:55:07,160 --> 00:55:09,400
Speaker 3: we produce and buy a lot of things. I'm paying

1209
00:55:09,520 --> 00:55:11,759
Speaker 3: plenty of taxes. There's like, how many different taxes are

1210
00:55:11,800 --> 00:55:17,680
Speaker 3: the income taxes, state taxes, purchase taxes, vehicle taxes, capital

1211
00:55:17,760 --> 00:55:22,680
Speaker 3: games tax gets, sick taxes, taxes, state tax argue taxes,

1212
00:55:22,560 --> 00:55:23,680
Speaker 3: and state taxes.

1213
00:55:24,719 --> 00:55:25,000
Speaker 6: Yeah.

1214
00:55:25,760 --> 00:55:27,640
Speaker 3: I'm like, every time I look around, they're trying to

1215
00:55:27,680 --> 00:55:28,040
Speaker 3: tax me.

1216
00:55:29,880 --> 00:55:31,400
Speaker 6: So your goal is to pay zero taxes.

1217
00:55:32,280 --> 00:55:35,080
Speaker 3: Play the game. Play the game. I told you if

1218
00:55:35,080 --> 00:55:40,319
Speaker 3: I could ever become a diplomat, I sell everything I have. Yeah. Sure,

1219
00:55:40,400 --> 00:55:43,120
Speaker 3: So the reason these guys, take me.

1220
00:55:43,440 --> 00:55:44,160
Speaker 6: Can we rephrase it?

1221
00:55:44,200 --> 00:55:44,359
Speaker 3: Yeah?

1222
00:55:44,400 --> 00:55:45,440
Speaker 6: Yeah, mister ambassador, can you.

1223
00:55:45,440 --> 00:55:50,480
Speaker 3: Talk about I took the job. I really care about

1224
00:55:50,480 --> 00:55:54,680
Speaker 3: the Dominican Republic. I've been connected to the Dominica Republic

1225
00:55:54,719 --> 00:55:56,719
Speaker 3: for years when I was in a cruise lineer. Once,

1226
00:55:57,160 --> 00:56:03,520
Speaker 3: Hey there's the Dominican republiccy So yeah, there's my receipt.

1227
00:56:03,560 --> 00:56:07,480
Speaker 3: So when a guy gets a job in a cabinet

1228
00:56:07,480 --> 00:56:10,759
Speaker 3: position with the US government, okay, like the guy that

1229
00:56:10,880 --> 00:56:14,200
Speaker 3: did last year. His name's Tillman or something with excellent.

1230
00:56:14,600 --> 00:56:17,040
Speaker 3: He left the CEO job. He had billions of dollars

1231
00:56:17,080 --> 00:56:20,319
Speaker 3: with the assets. If he cashed out everything he had,

1232
00:56:20,360 --> 00:56:24,200
Speaker 3: he would have paid hundreds of millions of dollars in taxes. Instead,

1233
00:56:24,840 --> 00:56:27,839
Speaker 3: he took a job on Trump's cabinet. At that moment

1234
00:56:27,920 --> 00:56:29,960
Speaker 3: they wipe out his tax bill, he could sell everything

1235
00:56:30,719 --> 00:56:32,360
Speaker 3: and walk away, walk away.

1236
00:56:32,160 --> 00:56:34,640
Speaker 6: With the bag. And that's only while you're actually a diplomat.

1237
00:56:34,880 --> 00:56:35,640
Speaker 3: No, no, you're good.

1238
00:56:35,680 --> 00:56:37,359
Speaker 6: Perpetuity, well, no, he's good.

1239
00:56:37,560 --> 00:56:39,719
Speaker 3: No, No, I don't think it's perpetued while you're actually while

1240
00:56:39,760 --> 00:56:43,239
Speaker 3: you're but he'll cash out at that moment, he'll now

1241
00:56:43,320 --> 00:56:48,719
Speaker 3: rather than having let's say he had five billion, rather

1242
00:56:48,760 --> 00:56:51,480
Speaker 3: than having half that. He has five billion to work

1243
00:56:51,520 --> 00:56:53,600
Speaker 3: with because he would have probably paid half that in taxes.

1244
00:56:53,920 --> 00:56:55,920
Speaker 3: He has a whole five billion to work with the

1245
00:56:55,960 --> 00:56:56,920
Speaker 3: rest of his career.

1246
00:56:57,040 --> 00:56:59,359
Speaker 5: Let he say it's two point five billion. Even if

1247
00:56:59,360 --> 00:57:00,879
Speaker 5: there's the state, is I think.

1248
00:57:02,680 --> 00:57:05,239
Speaker 3: Or something you know, got all this power, all these connections.

1249
00:57:05,719 --> 00:57:08,040
Speaker 3: The point is everybody needs to learn the games.

1250
00:57:08,120 --> 00:57:08,319
Speaker 6: Man.

1251
00:57:08,360 --> 00:57:10,480
Speaker 3: Don't hate on the game. Don't hate on the player.

1252
00:57:10,920 --> 00:57:12,400
Speaker 6: That's the real diplomatic community.

1253
00:57:12,640 --> 00:57:14,760
Speaker 3: Yeah, exactly, facts, exactly.

1254
00:57:14,800 --> 00:57:17,520
Speaker 6: So going back to real estate, do you feel like

1255
00:57:17,560 --> 00:57:19,919
Speaker 6: it's a real estate crisis about to happen? You talked

1256
00:57:19,920 --> 00:57:21,120
Speaker 6: about how many people as go to work.

1257
00:57:21,200 --> 00:57:23,280
Speaker 3: I think there's a real estate crisis about to happen.

1258
00:57:23,520 --> 00:57:24,320
Speaker 6: Who's gonna hurt.

1259
00:57:24,320 --> 00:57:26,240
Speaker 3: It's gonna hurt single family owns.

1260
00:57:26,000 --> 00:57:28,480
Speaker 6: Not multi in the middle, in the middle, not multi family.

1261
00:57:28,640 --> 00:57:31,040
Speaker 3: No, it's gonna do everybody.

1262
00:57:31,240 --> 00:57:32,800
Speaker 6: Like you said, it stays like New York. Right, Yeah,

1263
00:57:33,200 --> 00:57:34,560
Speaker 6: you can't. You can't to kick somebody.

1264
00:57:34,560 --> 00:57:37,800
Speaker 3: Hell, you shouldn't be in New York. I've been telling

1265
00:57:37,800 --> 00:57:40,240
Speaker 3: people for years. Man, you got to stay away from

1266
00:57:40,240 --> 00:57:44,200
Speaker 3: places where you don't own the property. Like you don't

1267
00:57:44,200 --> 00:57:47,040
Speaker 3: own the property, you don't own it. If you owned it,

1268
00:57:47,920 --> 00:57:51,280
Speaker 3: you can get people out of your place. Like my house,

1269
00:57:51,360 --> 00:57:55,840
Speaker 3: my kids start acting up, I kick him out. I'm like,

1270
00:57:55,880 --> 00:57:57,680
Speaker 3: you got got to get out of here now. Okay,

1271
00:57:58,040 --> 00:58:00,440
Speaker 3: the moment the law says, I can't kick my kid out,

1272
00:58:00,480 --> 00:58:01,640
Speaker 3: I don't own the house anymore.

1273
00:58:01,640 --> 00:58:01,960
Speaker 6: They do.

1274
00:58:03,520 --> 00:58:06,440
Speaker 3: Same thing with the tenants. So you guys that own homes,

1275
00:58:06,480 --> 00:58:07,680
Speaker 3: I mean, I know a bunch of people in New

1276
00:58:07,760 --> 00:58:09,440
Speaker 3: York that own stuff. They're scared right now.

1277
00:58:09,640 --> 00:58:10,720
Speaker 6: The banks are scared up.

1278
00:58:10,680 --> 00:58:13,200
Speaker 3: There because if I can't collect the rent, I can't

1279
00:58:13,200 --> 00:58:15,600
Speaker 3: pay the mortgage. And then what happens is the whole

1280
00:58:15,600 --> 00:58:18,479
Speaker 3: neighborhood goes down. When the shopping center down the street

1281
00:58:18,560 --> 00:58:22,320
Speaker 3: goes blank because nobody, the beauty salon, the restaurant, the

1282
00:58:22,320 --> 00:58:25,320
Speaker 3: bar aren't open. It hurts all the whole neighborhood. Everybody

1283
00:58:25,360 --> 00:58:30,360
Speaker 3: gets brutalized by this. So like, I just I lived

1284
00:58:30,360 --> 00:58:32,360
Speaker 3: in California twenty five years. I left there when they

1285
00:58:32,400 --> 00:58:35,000
Speaker 3: started their foolishness of raising taxes. I'm like, when they

1286
00:58:35,080 --> 00:58:36,840
Speaker 3: raise taxes, they should have lowered them. If they'd have

1287
00:58:36,840 --> 00:58:39,280
Speaker 3: lowered them, people they had rolled in there and spent

1288
00:58:39,400 --> 00:58:43,640
Speaker 3: more money. But so you got to invest in real

1289
00:58:43,760 --> 00:58:45,960
Speaker 3: estate where you're protected, will you own it, you can

1290
00:58:45,960 --> 00:58:49,600
Speaker 3: control it, the tenant, the landlord, the owner of the company.

1291
00:58:49,680 --> 00:58:50,960
Speaker 6: Landlord friendly states.

1292
00:58:50,880 --> 00:58:53,760
Speaker 3: Landlord friendly where they respect property ownership.

1293
00:58:53,840 --> 00:58:56,160
Speaker 5: So that was your strategy, because I know you've invested

1294
00:58:56,200 --> 00:58:58,440
Speaker 5: in multiple states. You're going into it thinking like, Yo,

1295
00:58:58,480 --> 00:59:00,600
Speaker 5: I need to be in a state protected as.

1296
00:59:00,520 --> 00:59:07,600
Speaker 3: An owner, property protected, landlord friendly, taxas friendly. Look where

1297
00:59:07,600 --> 00:59:13,600
Speaker 3: I'm invested in Florida, Texas, Alabama, Southeast, all that northern,

1298
00:59:13,720 --> 00:59:16,160
Speaker 3: all that ice, those ice states are all going to

1299
00:59:16,240 --> 00:59:17,960
Speaker 3: migrate this way. It's happening now.

1300
00:59:18,840 --> 00:59:21,120
Speaker 6: Yeah. And a lot of companies in corporations are leaving too.

1301
00:59:21,200 --> 00:59:25,240
Speaker 6: Oh yeah, So TENANX, Let's talk about the Tennant conference, right,

1302
00:59:25,400 --> 00:59:30,560
Speaker 6: you have a vision the big man Tennight's conference is

1303
00:59:30,600 --> 00:59:33,800
Speaker 6: like a rock star. You've turned into a financial rock

1304
00:59:33,840 --> 00:59:37,440
Speaker 6: star of sorts, and you have like twenty thousand people,

1305
00:59:37,520 --> 00:59:39,880
Speaker 6: thirty thousand people. You're bringing Rick Ross and Kevin Hard

1306
00:59:39,920 --> 00:59:43,040
Speaker 6: out and snoop snoop. Yeah, it's a whole it's a

1307
00:59:43,040 --> 00:59:44,439
Speaker 6: whole situation for sure.

1308
00:59:45,040 --> 00:59:48,000
Speaker 3: Uh sure, come on, man, keep dropping you dropping them.

1309
00:59:48,040 --> 00:59:48,560
Speaker 3: I don't have to.

1310
00:59:48,720 --> 00:59:51,760
Speaker 6: So what's your Floyd shot out to the Floyd Steve Harvey,

1311
00:59:51,760 --> 00:59:52,520
Speaker 6: you need him on the show.

1312
00:59:52,560 --> 00:59:55,280
Speaker 3: Steve Harvey, you know another guy that means some freaking like.

1313
00:59:55,360 --> 00:59:57,320
Speaker 6: What's so, what's the what? What was the plan? What

1314
00:59:57,480 --> 00:59:59,640
Speaker 6: was the plan? And putting that together that you say, Okay,

1315
00:59:59,720 --> 01:00:01,640
Speaker 6: I don't I want to just do a financial literacy tool.

1316
01:00:01,640 --> 01:00:03,040
Speaker 6: I don't want to do it. I want to do

1317
01:00:03,320 --> 01:00:05,360
Speaker 6: mix all of these different things and like how does

1318
01:00:05,400 --> 01:00:05,680
Speaker 6: that come in.

1319
01:00:05,880 --> 01:00:08,400
Speaker 3: I want to erase the line between entertainment and business

1320
01:00:09,960 --> 01:00:12,720
Speaker 3: because I think that I think that you know, my

1321
01:00:12,760 --> 01:00:14,920
Speaker 3: wife's an actress, right, and I said, you got to

1322
01:00:14,920 --> 01:00:17,400
Speaker 3: get out of this actress thing, and she's like, well,

1323
01:00:17,440 --> 01:00:18,760
Speaker 3: that's what I am. I said, you need to get

1324
01:00:18,800 --> 01:00:21,040
Speaker 3: out of the acting thing. It's it's a garbage business.

1325
01:00:21,440 --> 01:00:24,240
Speaker 3: You need to get on this side. And she's like, well,

1326
01:00:24,240 --> 01:00:26,320
Speaker 3: you're a businessman. I said no, no, I'm acting like

1327
01:00:26,360 --> 01:00:29,480
Speaker 3: a businessman, okay, because they ain't no money in acting.

1328
01:00:30,920 --> 01:00:32,960
Speaker 3: So so I'm out of the acting thing. I'm going

1329
01:00:33,040 --> 01:00:35,560
Speaker 3: to be a businessman and I'm gonna make his famous

1330
01:00:36,400 --> 01:00:40,160
Speaker 3: because because I think that that money follows entertainment, and

1331
01:00:40,200 --> 01:00:43,440
Speaker 3: the problem with education is education is terribly boring and

1332
01:00:43,480 --> 01:00:47,840
Speaker 3: nobody wants to watch it. I mean, Grandpa, look at Grandpa. Okay,

1333
01:00:47,840 --> 01:00:52,080
Speaker 3: Grandpa said, okay, because he's a tool of Wall Street.

1334
01:00:53,920 --> 01:00:57,920
Speaker 3: His sponsors are Wall Street driven and Big Pharma. You know,

1335
01:00:58,040 --> 01:01:01,160
Speaker 3: save your money, son, save you money, save you money,

1336
01:01:01,200 --> 01:01:03,200
Speaker 3: save you money, save you money, save you money. I

1337
01:01:03,200 --> 01:01:04,600
Speaker 3: don't want to save my money, dude, I want to

1338
01:01:04,680 --> 01:01:07,720
Speaker 3: use money. Money is useless until it is used. So

1339
01:01:07,800 --> 01:01:09,960
Speaker 3: I told my wife twelve years ago, I said, look, quit,

1340
01:01:10,120 --> 01:01:12,920
Speaker 3: quit that damn career. I'll make you famous and boom

1341
01:01:12,960 --> 01:01:15,520
Speaker 3: Facebook and Instagram and YouTube. She's like, how are you

1342
01:01:15,520 --> 01:01:17,000
Speaker 3: going to do that? I said, look, look at all this,

1343
01:01:17,720 --> 01:01:19,960
Speaker 3: We're gonna do it. And then when I got into

1344
01:01:20,000 --> 01:01:23,120
Speaker 3: a position where people started paying attention to my message,

1345
01:01:24,000 --> 01:01:25,840
Speaker 3: I was able to start bringing some of these super

1346
01:01:25,960 --> 01:01:29,880
Speaker 3: superstars together and they resonate with the idea of financial literacy,

1347
01:01:29,960 --> 01:01:32,360
Speaker 3: have fun, entertainment and education.

1348
01:01:34,440 --> 01:01:37,120
Speaker 5: So was there I mean, you have a basch list

1349
01:01:37,200 --> 01:01:40,360
Speaker 5: of people that you interviewed. Was there an entertainer that

1350
01:01:40,520 --> 01:01:42,600
Speaker 5: surprised you with how much business have you that they act?

1351
01:01:42,720 --> 01:01:47,960
Speaker 3: Kevin hart Man, Kevin Kevin's He's a base and it's

1352
01:01:47,960 --> 01:01:51,040
Speaker 3: easy to be with the guy, like like other guys

1353
01:01:51,080 --> 01:01:53,080
Speaker 3: are a little little stiffer, you know, like if they

1354
01:01:53,160 --> 01:01:55,640
Speaker 3: if they're big on movies and their script and their scripts,

1355
01:01:55,720 --> 01:01:58,360
Speaker 3: they're harder to interview, like interviewing for me, what you

1356
01:01:58,360 --> 01:02:00,520
Speaker 3: guys are doing right now? That's I would rather be

1357
01:02:00,600 --> 01:02:03,160
Speaker 3: on this side than your side. I didn't need an interview.

1358
01:02:03,760 --> 01:02:05,360
Speaker 3: Did I hate it? Do you hate it?

1359
01:02:05,480 --> 01:02:08,080
Speaker 6: No? I love it. I mean we're so used to it.

1360
01:02:08,280 --> 01:02:14,960
Speaker 3: Man, you guys good at it numbers. I would rather

1361
01:02:15,000 --> 01:02:19,360
Speaker 3: talk to twenty thousand people do a deliber a message

1362
01:02:19,600 --> 01:02:21,280
Speaker 3: than than do an interview.

1363
01:02:21,440 --> 01:02:24,320
Speaker 6: One thing you said that really resonated with me months ago.

1364
01:02:25,200 --> 01:02:28,560
Speaker 6: Never waste a good crisis, never, man, never waste a

1365
01:02:28,600 --> 01:02:32,120
Speaker 6: good crisis, was a legendary quote. Right, what do you

1366
01:02:32,120 --> 01:02:32,520
Speaker 6: mean by that?

1367
01:02:33,440 --> 01:02:35,280
Speaker 3: Two thousand and eight I wasted. I wasn't in a

1368
01:02:35,320 --> 01:02:38,000
Speaker 3: position to go on offense. And in two thousand and eight,

1369
01:02:38,040 --> 01:02:41,800
Speaker 3: that was twelve years ago. Thirteen years ago, two thousand

1370
01:02:41,800 --> 01:02:44,360
Speaker 3: and eight happened. Two businesses got cut in half. The

1371
01:02:44,360 --> 01:02:46,120
Speaker 3: two companies I had got cut in half. My real

1372
01:02:46,200 --> 01:02:49,240
Speaker 3: estate got frozen. The bank I owed fifty million two

1373
01:02:49,440 --> 01:02:51,920
Speaker 3: went under like it was terrible, and I was sitting

1374
01:02:51,920 --> 01:02:54,880
Speaker 3: there like I couldn't do anything. I was terrified, and

1375
01:02:55,360 --> 01:02:57,120
Speaker 3: I told my wife In two thousand and eight. I said,

1376
01:02:57,120 --> 01:02:59,600
Speaker 3: the next time this happens, we'll have a billion dollars.

1377
01:02:59,640 --> 01:03:03,400
Speaker 3: Other day, okay, we had fifty million, I said, we'll

1378
01:03:03,440 --> 01:03:07,720
Speaker 3: have twenty times and I'll have I won't have four

1379
01:03:07,800 --> 01:03:10,840
Speaker 3: hundred units, We'll have four thousand. We had nine thousand.

1380
01:03:11,360 --> 01:03:13,400
Speaker 3: And the next time we're gonna go, we're gonna go

1381
01:03:13,480 --> 01:03:18,320
Speaker 3: eat stuff like like a humpback whale eats krill, and

1382
01:03:18,360 --> 01:03:20,320
Speaker 3: we're gonna go gobble stuff up. Because this is what

1383
01:03:20,360 --> 01:03:23,280
Speaker 3: these giants do. They take advantage of crisis and problems

1384
01:03:23,280 --> 01:03:27,160
Speaker 3: and opportunities. And so if you can't be on offense,

1385
01:03:27,240 --> 01:03:29,600
Speaker 3: and you can't stay on the state, stay on the field,

1386
01:03:29,640 --> 01:03:32,720
Speaker 3: you can't win. And most crisis send everybody back to

1387
01:03:32,760 --> 01:03:37,320
Speaker 3: the bleachers. And I say, go bigg or go oh man,

1388
01:03:37,760 --> 01:03:42,320
Speaker 3: go bigger. Never go home, man, ain't nothing. Home is

1389
01:03:42,360 --> 01:03:45,280
Speaker 3: when you had your ass, will like I'm going home,

1390
01:03:45,320 --> 01:03:47,880
Speaker 3: and shit, I had my ass going home. Mama, Mama

1391
01:03:47,920 --> 01:03:50,400
Speaker 3: loved me. So I never go home. Man, I go bigger,

1392
01:03:50,480 --> 01:03:52,360
Speaker 3: go bigger, because if you go big enough, if you

1393
01:03:52,400 --> 01:03:57,360
Speaker 3: go big enough this time. The last time, when the

1394
01:03:57,640 --> 01:04:01,280
Speaker 3: economy failed, the banks called my life. So we need

1395
01:04:01,320 --> 01:04:05,520
Speaker 3: the money this time Okay, I owe twenty times more money,

1396
01:04:06,400 --> 01:04:08,760
Speaker 3: thirty times more money, and the banks called and said,

1397
01:04:08,880 --> 01:04:13,080
Speaker 3: we'd like to help you through this. So when you

1398
01:04:13,080 --> 01:04:15,440
Speaker 3: get big enough, you got partners. When you stay small,

1399
01:04:16,480 --> 01:04:17,320
Speaker 3: ain't nobody.

1400
01:04:17,040 --> 01:04:21,720
Speaker 6: Gonna help you undercover billionaire? So what is the deal

1401
01:04:21,760 --> 01:04:24,280
Speaker 6: with that? I actually read that you guys had stopped

1402
01:04:24,280 --> 01:04:27,360
Speaker 6: for a little bit because you wasn't happy that they

1403
01:04:27,520 --> 01:04:29,720
Speaker 6: rolled it out during the presidential transition.

1404
01:04:31,160 --> 01:04:33,280
Speaker 3: Well, there's a lot of things I'm not happy about, okay.

1405
01:04:33,520 --> 01:04:35,960
Speaker 3: So me and Discovery been fighting since the get go,

1406
01:04:36,080 --> 01:04:37,400
Speaker 3: since February last.

1407
01:04:37,280 --> 01:04:41,360
Speaker 6: Year, so you know, not really feeling that situation.

1408
01:04:41,880 --> 01:04:45,560
Speaker 3: I mean, I'm feeling it, but so are they. They're like, God,

1409
01:04:45,640 --> 01:04:49,520
Speaker 3: damn man, this guy's loud, you know. So look, four

1410
01:04:49,600 --> 01:04:51,320
Speaker 3: days into the shoot, I got dropped off in a

1411
01:04:51,360 --> 01:04:55,280
Speaker 3: town called Publo, Colorado, plane Lands. I've never been there.

1412
01:04:55,280 --> 01:04:57,880
Speaker 3: I can't use my name, shaved my head, look like

1413
01:04:57,960 --> 01:05:01,560
Speaker 3: you had a beard growing out of ray in it.

1414
01:05:01,840 --> 01:05:03,560
Speaker 3: They dropped me off in a town with the average

1415
01:05:03,560 --> 01:05:06,400
Speaker 3: income I think household income is twenty four thousand dollars.

1416
01:05:06,480 --> 01:05:08,840
Speaker 3: Like the town's beat up. If you got any of

1417
01:05:08,840 --> 01:05:11,600
Speaker 3: you saw the show. They dropped two girls off into

1418
01:05:11,800 --> 01:05:14,520
Speaker 3: Tacoma and Fresno. They dropped me off from Pueblo. You

1419
01:05:14,560 --> 01:05:17,200
Speaker 3: look at those three towns from a satellite image, You're like,

1420
01:05:17,440 --> 01:05:20,120
Speaker 3: I don't want that one. You can tell what Bublo is.

1421
01:05:20,120 --> 01:05:23,480
Speaker 3: There's nothing there. So four days into the deal, I

1422
01:05:23,560 --> 01:05:26,480
Speaker 3: hit the ground. They give me one hundred bucks. They said,

1423
01:05:26,520 --> 01:05:27,880
Speaker 3: what's the first thing you're gonna do when you get

1424
01:05:27,880 --> 01:05:29,680
Speaker 3: to town. I need to go to the bank. They said,

1425
01:05:29,800 --> 01:05:31,280
Speaker 3: why you only got one hundred dollars. So I said,

1426
01:05:31,280 --> 01:05:32,480
Speaker 3: I know, I'm gonna get rid of it. And they're like,

1427
01:05:32,560 --> 01:05:33,640
Speaker 3: what do you mean. I said, I don't need this

1428
01:05:33,720 --> 01:05:36,200
Speaker 3: hundred dollars. I'm gonna get rid of the hundred. I

1429
01:05:36,240 --> 01:05:37,880
Speaker 3: want to go to zero as fast as I can.

1430
01:05:38,080 --> 01:05:40,760
Speaker 3: Number two, I need to go work out. I need

1431
01:05:40,760 --> 01:05:42,200
Speaker 3: to go to a gym. They're like, why would you

1432
01:05:42,240 --> 01:05:44,360
Speaker 3: go to a gym? You know, I'm like, because there's

1433
01:05:44,360 --> 01:05:47,800
Speaker 3: people there and I need people because I don't have

1434
01:05:47,840 --> 01:05:49,920
Speaker 3: any money. And the third place I'm gonna go to

1435
01:05:50,040 --> 01:05:52,080
Speaker 3: is some businesses for sale. That's the first three things

1436
01:05:52,080 --> 01:05:53,880
Speaker 3: I did when I got to the town. For the

1437
01:05:53,880 --> 01:05:56,040
Speaker 3: next four days. You guys don't actually see it because

1438
01:05:56,080 --> 01:05:59,320
Speaker 3: the way they cut it on the fourth day, Discovery

1439
01:05:59,360 --> 01:06:01,360
Speaker 3: has a manager were meeting with me and says, hey,

1440
01:06:01,960 --> 01:06:05,280
Speaker 3: on the fourth morning, they said, you had an appointment

1441
01:06:05,320 --> 01:06:07,920
Speaker 3: this morning at nine. We're holding it off. We need

1442
01:06:07,960 --> 01:06:10,480
Speaker 3: to meet with you. And they get on this zoom

1443
01:06:10,480 --> 01:06:13,280
Speaker 3: call and they're like, look, if you continue like this,

1444
01:06:13,400 --> 01:06:14,360
Speaker 3: we're going to pull the plug.

1445
01:06:14,440 --> 01:06:15,840
Speaker 6: So you were just going to roll.

1446
01:06:16,120 --> 01:06:22,040
Speaker 3: I was going, man like, look, you're putting people in danger.

1447
01:06:22,600 --> 01:06:25,480
Speaker 3: The crew hate you. People are fighting. We've already had

1448
01:06:25,480 --> 01:06:30,200
Speaker 3: two people quit. I'm like, so, but what the fuck

1449
01:06:30,480 --> 01:06:32,040
Speaker 3: why are we having a meeting about this ship? And

1450
01:06:32,040 --> 01:06:35,080
Speaker 3: they're like, what do you mean you don't care. I'm like, look,

1451
01:06:35,960 --> 01:06:38,240
Speaker 3: a month and a half ago, I had a meeting

1452
01:06:38,240 --> 01:06:40,880
Speaker 3: with you guys in l A. Okay. I sat across

1453
01:06:40,920 --> 01:06:45,280
Speaker 3: from the president of Discovery, okay, and I had it

1454
01:06:45,320 --> 01:06:51,640
Speaker 3: back just like this. My bag is only my bag

1455
01:06:51,720 --> 01:06:54,200
Speaker 3: only make fifty three pounds, that's what a.

1456
01:06:54,160 --> 01:06:59,520
Speaker 6: Million dollars whatever it is.

1457
01:07:00,600 --> 01:07:06,000
Speaker 3: Whatever. Theuers are cars. I don't even like these people.

1458
01:07:07,000 --> 01:07:11,040
Speaker 3: So we've been fighting now since February shooting that show,

1459
01:07:11,120 --> 01:07:14,040
Speaker 3: and we're still fighting. So what's happening right now is

1460
01:07:14,080 --> 01:07:16,360
Speaker 3: they pulled it off the TV partially because of the

1461
01:07:16,440 --> 01:07:17,439
Speaker 3: capital was burnt down.

1462
01:07:17,960 --> 01:07:21,640
Speaker 5: You've made no secret that you've taken losses before, and

1463
01:07:21,840 --> 01:07:24,600
Speaker 5: perseverance is obviously one of your best traits. What is

1464
01:07:24,800 --> 01:07:26,960
Speaker 5: you know? I don't know, and maybe you can answer this.

1465
01:07:27,280 --> 01:07:29,280
Speaker 5: It's to perseverance. Something that can be taught is you

1466
01:07:29,320 --> 01:07:31,160
Speaker 5: have to learn these lessons that's actually going through.

1467
01:07:31,520 --> 01:07:33,480
Speaker 3: Dude. If I don't, if I if I quit, then

1468
01:07:33,520 --> 01:07:35,240
Speaker 3: I then I got to start all over again, Like

1469
01:07:35,320 --> 01:07:38,560
Speaker 3: I just do the math I quitting, and if I quit,

1470
01:07:38,960 --> 01:07:41,240
Speaker 3: I got to start it. Like you can't really quit.

1471
01:07:42,520 --> 01:07:46,360
Speaker 3: There's no way to quit the game. And and because

1472
01:07:46,480 --> 01:07:48,720
Speaker 3: the moment you quit, you just got to start over again.

1473
01:07:49,360 --> 01:07:51,200
Speaker 3: Like if you quit a marathon then you wanted to

1474
01:07:51,200 --> 01:07:54,720
Speaker 3: finish one, You're gonna be sitting there the whole time

1475
01:07:54,760 --> 01:07:58,520
Speaker 3: thinking I quit, And so I wanted to quit. Undercover

1476
01:07:58,560 --> 01:08:02,080
Speaker 3: millionaire for ninety days, day for ninety days. Call my

1477
01:08:02,080 --> 01:08:05,600
Speaker 3: wife every day, I'm quitting today. She's like, you ain't quitting.

1478
01:08:06,720 --> 01:08:08,680
Speaker 3: She's like, you ain't quitting. You got to do this.

1479
01:08:08,760 --> 01:08:10,880
Speaker 3: You got to prove to people. You got to prove

1480
01:08:10,920 --> 01:08:13,000
Speaker 3: to people that you can do this and that they

1481
01:08:13,000 --> 01:08:16,880
Speaker 3: can do it. And you know the idea that you

1482
01:08:16,920 --> 01:08:18,880
Speaker 3: need money to make money. It's not true. You just

1483
01:08:18,960 --> 01:08:22,439
Speaker 3: do not need it. And I literally that that one

1484
01:08:22,520 --> 01:08:24,920
Speaker 3: hundred dollars. I never spent one hundred dollars the entire time.

1485
01:08:24,920 --> 01:08:25,840
Speaker 6: I was going to ask you, why did you go

1486
01:08:25,880 --> 01:08:26,680
Speaker 6: to the bank? What did you do?

1487
01:08:26,680 --> 01:08:27,920
Speaker 3: What you said to get rid of the hundred?

1488
01:08:27,960 --> 01:08:29,200
Speaker 6: So how did you get rid of it?

1489
01:08:29,280 --> 01:08:32,240
Speaker 3: I said, deposit it? Oh, I got it, started checking account.

1490
01:08:32,280 --> 01:08:34,519
Speaker 6: So you just didn't want the temptation of having I don't.

1491
01:08:34,360 --> 01:08:35,759
Speaker 3: Want the hundred. I don't want to be a manager.

1492
01:08:37,120 --> 01:08:40,000
Speaker 3: I got one hundred dollars. I'm gonna be him. I'm

1493
01:08:40,000 --> 01:08:42,080
Speaker 3: gonna manage one hundred dollars. I don't want to watch

1494
01:08:42,080 --> 01:08:43,559
Speaker 3: I got to manage it. I mean the best thing

1495
01:08:43,560 --> 01:08:45,240
Speaker 3: about that show was I didn't have my stuff with me,

1496
01:08:45,280 --> 01:08:47,800
Speaker 3: because you don't have to manage it. I didn't have

1497
01:08:47,840 --> 01:08:51,080
Speaker 3: a plane, didn't have my watch, didn't have my credit cards,

1498
01:08:51,080 --> 01:08:53,479
Speaker 3: didn't have cash. Dude, all you got, all you got

1499
01:08:53,560 --> 01:08:55,920
Speaker 3: is you, and when all you got is you get

1500
01:08:55,960 --> 01:08:57,880
Speaker 3: you get to meet you. I got to meet all

1501
01:08:57,920 --> 01:08:59,640
Speaker 3: of me. Okay, I had a different name, and I

1502
01:08:59,640 --> 01:09:01,759
Speaker 3: have my shade, but I got to meet my courage,

1503
01:09:02,000 --> 01:09:06,680
Speaker 3: my commitment, my creativity, my persistence my note quit Like,

1504
01:09:07,479 --> 01:09:09,320
Speaker 3: you know, I'm a beast when you put me up

1505
01:09:09,320 --> 01:09:09,960
Speaker 3: against the wall.

1506
01:09:10,720 --> 01:09:13,479
Speaker 6: What's one last question before we wrap? What's your strategy

1507
01:09:13,479 --> 01:09:17,200
Speaker 6: on marketing? Because you've you've branded yourself, done a great job. Yeah,

1508
01:09:17,280 --> 01:09:19,839
Speaker 6: thank you, thank you, thanks And you put out content

1509
01:09:19,840 --> 01:09:21,960
Speaker 6: out of rapid patient all the time.

1510
01:09:22,360 --> 01:09:23,639
Speaker 3: Thank you. Thanks.

1511
01:09:23,680 --> 01:09:28,160
Speaker 6: So what is your content strategy? What's your strategy on marketing?

1512
01:09:28,600 --> 01:09:30,640
Speaker 3: The story that I told you about Nancy is a

1513
01:09:30,640 --> 01:09:33,960
Speaker 3: marketing move. Okay, it's not. It really wasn't about discovery.

1514
01:09:34,080 --> 01:09:36,640
Speaker 3: It really wasn't about the million dollars. Okay, it was

1515
01:09:36,680 --> 01:09:40,080
Speaker 3: a marketing You to market, you have to have stories.

1516
01:09:40,800 --> 01:09:43,920
Speaker 3: And so what I do is I create stories. There's

1517
01:09:43,960 --> 01:09:47,719
Speaker 3: a story man, you know, filling up Miami Marland Stadium.

1518
01:09:47,840 --> 01:09:50,519
Speaker 3: I put thirty four thousand people in there on Super

1519
01:09:50,560 --> 01:09:53,840
Speaker 3: Bowl weekend twenty seventeen. People like, why would you do

1520
01:09:53,880 --> 01:09:56,920
Speaker 3: that weekend? Because I know what I'm doing though, Okay,

1521
01:09:56,920 --> 01:10:00,760
Speaker 3: because it's a story and stories mythology. If you stories,

1522
01:10:00,960 --> 01:10:04,320
Speaker 3: big stories, big stories keep being told and they get

1523
01:10:04,320 --> 01:10:07,640
Speaker 3: bigger and bigger and bigger over time. So you know,

1524
01:10:07,720 --> 01:10:10,760
Speaker 3: I spent I think we spent ten million dollars to

1525
01:10:10,840 --> 01:10:15,479
Speaker 3: rent Miami Marland Stadium Marketing send out four hundred million

1526
01:10:15,560 --> 01:10:20,720
Speaker 3: emails four hundred million, now four hundred thousand million, four

1527
01:10:20,800 --> 01:10:23,240
Speaker 3: hundred million emails in one year to a list to

1528
01:10:23,320 --> 01:10:26,400
Speaker 3: fill that stadium up on Super Bowl weekend. Steve Harvey

1529
01:10:26,439 --> 01:10:30,479
Speaker 3: came and spoke and he's like, dude, who are you man? Like? What? What?

1530
01:10:30,640 --> 01:10:31,920
Speaker 6: Who? Who?

1531
01:10:32,000 --> 01:10:34,360
Speaker 3: In their right mind? By the way, he's a he's

1532
01:10:34,360 --> 01:10:36,840
Speaker 3: a you know, he's a very church got god believing man.

1533
01:10:37,160 --> 01:10:41,040
Speaker 3: Until until he gets behind the stage he starts, who

1534
01:10:41,439 --> 01:10:45,200
Speaker 3: are you man? Who in their right mind would rent

1535
01:10:45,280 --> 01:10:48,120
Speaker 3: a stadium on Super Bowl weekend and think that they

1536
01:10:48,120 --> 01:10:49,800
Speaker 3: could fill it up? And you're not jay Z and

1537
01:10:49,840 --> 01:10:52,920
Speaker 3: you're not Beyonce for three days to teach people about

1538
01:10:52,960 --> 01:10:55,320
Speaker 3: money and business. And I'm like, dude, I did it

1539
01:10:55,360 --> 01:10:58,360
Speaker 3: to tell a story because from now on, Grant Cartleton's

1540
01:10:58,360 --> 01:11:00,000
Speaker 3: the guy that filled up that stadium on two thousand

1541
01:11:00,040 --> 01:11:02,280
Speaker 3: and seventeen. So that's part of the marketing game. The

1542
01:11:02,280 --> 01:11:06,479
Speaker 3: marketing game. You can't just have ads. You gotta I

1543
01:11:06,520 --> 01:11:07,360
Speaker 3: gotta have a story.

1544
01:11:07,439 --> 01:11:09,599
Speaker 6: Now that's a gym what you just said. That's why.

1545
01:11:09,640 --> 01:11:12,000
Speaker 6: So we just got those two kids, I got, Yeah,

1546
01:11:12,080 --> 01:11:16,639
Speaker 6: then they're not yours. No, biologically, they're not mine at all.

1547
01:11:17,800 --> 01:11:20,320
Speaker 3: It's a story, man, I read it.

1548
01:11:26,720 --> 01:11:30,000
Speaker 5: I want to say you're doing it's like a natural's weird.

1549
01:11:32,160 --> 01:11:38,479
Speaker 3: Shown you're willing to go for McGregor, you're willing to

1550
01:11:38,520 --> 01:11:39,840
Speaker 3: go places that other people are.

1551
01:11:40,920 --> 01:11:45,680
Speaker 6: These ain't no. But so we got a truck, right,

1552
01:11:45,720 --> 01:11:49,200
Speaker 6: an eighteen wheeler. Yeah, and you know it was it's

1553
01:11:49,240 --> 01:11:51,400
Speaker 6: our first truck from New York. So we're not into trucking.

1554
01:11:51,760 --> 01:11:53,439
Speaker 6: Shout out to Alex. Then this guy he got in

1555
01:11:53,520 --> 01:11:56,200
Speaker 6: the truck. So long story short, we got the truck

1556
01:11:56,479 --> 01:11:58,120
Speaker 6: and we're gonna put the truck on the road, but

1557
01:11:58,120 --> 01:11:59,920
Speaker 6: I'm like, we gotta wrap it first. So are Low

1558
01:12:00,040 --> 01:12:02,519
Speaker 6: goes a little different. It's like emojis. So when you

1559
01:12:02,560 --> 01:12:05,160
Speaker 6: saw like us with Dave Ramsey and it's like you

1560
01:12:05,200 --> 01:12:07,679
Speaker 6: see two young black guys with emojis in the top

1561
01:12:07,720 --> 01:12:10,720
Speaker 6: three business, It's like, you know, it's interesting. So I'm like,

1562
01:12:10,720 --> 01:12:12,600
Speaker 6: we're gonna put ERNR lesion on and wrap it. We

1563
01:12:12,640 --> 01:12:14,719
Speaker 6: all agree to it, but it was taken a while.

1564
01:12:15,160 --> 01:12:17,280
Speaker 6: So one of my other friends was like, let's just

1565
01:12:17,320 --> 01:12:19,320
Speaker 6: put it on the road first and let's not worry

1566
01:12:19,360 --> 01:12:20,720
Speaker 6: about it. I'm like, no, no, No, we can't put on

1567
01:12:20,720 --> 01:12:22,600
Speaker 6: a road before he wrap it because we got to

1568
01:12:22,640 --> 01:12:24,799
Speaker 6: take pictures of this document and put it on Instagram

1569
01:12:24,800 --> 01:12:27,639
Speaker 6: because I know what that's gonna do. It becomes a story.

1570
01:12:27,680 --> 01:12:29,360
Speaker 6: A lot of people have trucks, A lot of people

1571
01:12:29,360 --> 01:12:31,479
Speaker 6: don't have emojis on the truck yet, yeah have this.

1572
01:12:31,600 --> 01:12:33,000
Speaker 6: So when we put it on there and then it

1573
01:12:33,040 --> 01:12:36,400
Speaker 6: goes viral like oh this is crazy. So now the

1574
01:12:36,439 --> 01:12:39,600
Speaker 6: truck is cool, but the marketing and the building of

1575
01:12:39,600 --> 01:12:42,160
Speaker 6: the brand, now it becomes bigger than just a one

1576
01:12:42,240 --> 01:12:45,800
Speaker 6: eighteen wheeler. It becomes like, this is crazy. What's your

1577
01:12:45,800 --> 01:12:48,040
Speaker 6: best marketing player? You ever did?

1578
01:12:48,760 --> 01:12:49,920
Speaker 3: What's the best marketing player?

1579
01:12:49,960 --> 01:12:50,200
Speaker 6: Yeah?

1580
01:12:51,200 --> 01:12:54,040
Speaker 3: Man, it's got my name on it everything, right, you

1581
01:12:54,080 --> 01:12:58,960
Speaker 3: can't miss it. So here's a good one. Well that's

1582
01:12:59,000 --> 01:13:02,200
Speaker 3: what I was going to pull up. Okay, so like, uh,

1583
01:13:02,360 --> 01:13:05,080
Speaker 3: this is coming. You know, these are investments, right. I

1584
01:13:05,120 --> 01:13:06,599
Speaker 3: get to write it up and I get to use

1585
01:13:06,600 --> 01:13:09,320
Speaker 3: it in the marketing. So we'll put people in that.

1586
01:13:09,400 --> 01:13:11,800
Speaker 3: Everybody's gonna take pictures of it. That takes money, man,

1587
01:13:12,320 --> 01:13:14,960
Speaker 3: you know Instagram and Facebook. YouTube is my best Like

1588
01:13:15,000 --> 01:13:18,759
Speaker 3: YouTube is my boy, Like you know, it's my little brother.

1589
01:13:19,200 --> 01:13:22,240
Speaker 3: I love you. Take everything away from me? Do not

1590
01:13:22,280 --> 01:13:23,800
Speaker 3: take much? Did my YouTube from me?

1591
01:13:23,880 --> 01:13:24,080
Speaker 6: Man?

1592
01:13:24,120 --> 01:13:26,840
Speaker 3: My YouTube? Like I love YouTube because you know why?

1593
01:13:26,840 --> 01:13:27,799
Speaker 3: Because it keeps building.

1594
01:13:28,000 --> 01:13:32,000
Speaker 6: Yeah, digital real estate, digital real estate, shout the n X.

1595
01:13:32,360 --> 01:13:34,960
Speaker 6: Yeah yeah, it's a good friend of ours as well.

1596
01:13:35,320 --> 01:13:36,280
Speaker 6: My friends with everybody.

1597
01:13:37,080 --> 01:13:39,879
Speaker 3: I'll say, YouTube, you ain't friends with everybody, man.

1598
01:13:40,160 --> 01:13:43,320
Speaker 6: Basically almost we're getting there.

1599
01:13:43,400 --> 01:13:47,160
Speaker 3: Okay, you got you gotta have some haters, man, you

1600
01:13:47,240 --> 01:13:48,880
Speaker 3: got to have some people that you're up against.

1601
01:13:49,040 --> 01:13:51,120
Speaker 6: You know, you ain't hating you, ain't. They ain't.

1602
01:13:52,000 --> 01:13:53,679
Speaker 3: They ain't hating you. They don't know you.

1603
01:13:54,040 --> 01:13:55,280
Speaker 6: They don't know you.

1604
01:13:56,160 --> 01:13:58,040
Speaker 3: Because you know, people that want to be you will

1605
01:13:58,080 --> 01:14:01,559
Speaker 3: hate you. People to give up on the things you

1606
01:14:01,600 --> 01:14:05,519
Speaker 3: want will definitely definitely hate you for having the things

1607
01:14:05,520 --> 01:14:10,680
Speaker 3: they want and quit on perfect because that's just, you know,

1608
01:14:10,760 --> 01:14:12,520
Speaker 3: people just immature.

1609
01:14:13,680 --> 01:14:16,040
Speaker 6: So where do you go from here? What's your ten

1610
01:14:16,200 --> 01:14:18,880
Speaker 6: twenty year playing? What's your vision going forward to one hundred?

1611
01:14:18,880 --> 01:14:19,519
Speaker 6: Exiss thing?

1612
01:14:19,800 --> 01:14:21,880
Speaker 3: I just want to live longer than my body does. Man.

1613
01:14:22,080 --> 01:14:23,800
Speaker 6: You want to live your legacy? Yeah?

1614
01:14:24,000 --> 01:14:26,880
Speaker 3: Yeah, yeah, I want to outlive my body. So I

1615
01:14:26,960 --> 01:14:28,880
Speaker 3: just want to contribute. I want to I want to

1616
01:14:28,880 --> 01:14:32,719
Speaker 3: be an uncle to people of all colors. I wanted

1617
01:14:33,160 --> 01:14:36,080
Speaker 3: to be to be. I always wanted to be accepted

1618
01:14:36,080 --> 01:14:38,920
Speaker 3: by everybody when I was a kid, and I didn't care.

1619
01:14:39,000 --> 01:14:41,599
Speaker 3: I just wanted friends. I wanted friends, I wanted mentors.

1620
01:14:41,720 --> 01:14:47,000
Speaker 3: I didn't care. I liked the girls a lot, but really, really,

1621
01:14:47,080 --> 01:14:48,719
Speaker 3: when I wasn't with the girls, I wanted the guys.

1622
01:14:48,760 --> 01:14:50,479
Speaker 3: I wanted to be buddies. I wanted to have fun.

1623
01:14:50,520 --> 01:14:52,439
Speaker 3: I wanted to be part of something, you know, And

1624
01:14:52,479 --> 01:14:54,200
Speaker 3: I wanted to make a difference. And I wanted somebody

1625
01:14:54,240 --> 01:14:56,679
Speaker 3: to help me, and nobody would. So my dad wasn't

1626
01:14:56,680 --> 01:14:58,599
Speaker 3: around my older brother. I lost my older brother when

1627
01:14:58,600 --> 01:15:02,400
Speaker 3: I was twenty, so two mentors my guys dropped out.

1628
01:15:03,000 --> 01:15:05,280
Speaker 3: My dad was fifty two, my brother was twenty five.

1629
01:15:05,360 --> 01:15:08,040
Speaker 3: I was ten and twenty and then I just kept

1630
01:15:08,120 --> 01:15:10,240
Speaker 3: looking for mentors. I went to school to find mentors.

1631
01:15:10,240 --> 01:15:13,439
Speaker 3: I went to college to get mentors. I wanted my

1632
01:15:13,479 --> 01:15:16,120
Speaker 3: uncles to step up. They never did. And so one

1633
01:15:16,200 --> 01:15:18,680
Speaker 3: day I was like, man, I'm gonna make something to

1634
01:15:18,720 --> 01:15:20,599
Speaker 3: myself and I'm gonna be an uncle to other people.

1635
01:15:21,640 --> 01:15:23,679
Speaker 3: So that's why people call me Uncle g Now.

1636
01:15:23,800 --> 01:15:24,559
Speaker 6: I like Uncle Dave.

1637
01:15:25,120 --> 01:15:30,160
Speaker 5: Now I got a question about balance because I know

1638
01:15:30,200 --> 01:15:32,120
Speaker 5: you said you were working two hundred and fifty six

1639
01:15:32,200 --> 01:15:34,200
Speaker 5: days after the year. What's that like now as far

1640
01:15:34,240 --> 01:15:36,240
Speaker 5: as the work life balance, I know you got the

1641
01:15:36,240 --> 01:15:36,759
Speaker 5: two girls.

1642
01:15:37,320 --> 01:15:37,760
Speaker 6: How's that?

1643
01:15:38,360 --> 01:15:40,559
Speaker 3: Yeah? So today it's like, you know, what I've done

1644
01:15:40,600 --> 01:15:42,559
Speaker 3: is now create a life where I get to bring

1645
01:15:42,600 --> 01:15:47,680
Speaker 3: them with me, my little rentals and you know, I

1646
01:15:47,680 --> 01:15:50,240
Speaker 3: get to bring people with me like like literally, I

1647
01:15:50,320 --> 01:15:54,920
Speaker 3: fund I quit just doing the business and started figuring

1648
01:15:54,920 --> 01:15:59,080
Speaker 3: out what do I need to fund my life? And

1649
01:15:59,160 --> 01:16:01,120
Speaker 3: I used to do budget. It's like any budget I've

1650
01:16:01,120 --> 01:16:03,639
Speaker 3: ever done, and I think most Americans know this, any

1651
01:16:03,680 --> 01:16:06,479
Speaker 3: budget you do, you could probably get close to that budget.

1652
01:16:06,479 --> 01:16:10,920
Speaker 3: Your house, your electricity, your water. I just started adding stuff. Okay,

1653
01:16:10,960 --> 01:16:13,360
Speaker 3: I need help, I need security, I need a nanny.

1654
01:16:13,479 --> 01:16:16,960
Speaker 3: I want a homeschool. I need a bird. I want

1655
01:16:16,960 --> 01:16:20,240
Speaker 3: a helicopter. I want I want I want an island.

1656
01:16:20,439 --> 01:16:20,679
Speaker 6: Shit.

1657
01:16:21,080 --> 01:16:24,800
Speaker 3: You know who's gonna pay for my shit? Okay, So

1658
01:16:24,840 --> 01:16:27,439
Speaker 3: who's got my money? That's my battle cry. Who's got

1659
01:16:27,439 --> 01:16:29,559
Speaker 3: my money? Who's got my island, Who's got my ranch?

1660
01:16:29,720 --> 01:16:31,960
Speaker 3: Who's got my charity? We got We've got about three

1661
01:16:31,960 --> 01:16:34,040
Speaker 3: million dollars sitting in a charity account. We'll dump out

1662
01:16:34,040 --> 01:16:36,840
Speaker 3: this year and I'll I'll hit it with another five

1663
01:16:36,920 --> 01:16:39,320
Speaker 3: or ten million this year, so that charity is for

1664
01:16:39,439 --> 01:16:43,080
Speaker 3: kids without fathers. And who's got Who's got it? I don't.

1665
01:16:43,120 --> 01:16:45,840
Speaker 3: I only have limited funds. Who's got my jet fuel?

1666
01:16:46,680 --> 01:16:51,280
Speaker 3: You know who's got whatever I want? It's a contact man.

1667
01:16:51,400 --> 01:16:53,160
Speaker 3: Business and money are contact sports.

1668
01:16:53,360 --> 01:16:56,320
Speaker 6: Are you buy an island right right? Think about it?

1669
01:16:56,360 --> 01:16:59,840
Speaker 3: Maybe cash ranch or an island the island you think

1670
01:17:00,080 --> 01:17:00,559
Speaker 3: island over?

1671
01:17:00,840 --> 01:17:02,439
Speaker 6: You wanna go big? You wanna go big man. You're

1672
01:17:02,439 --> 01:17:04,679
Speaker 6: talking about ten in it, bro, you can put everything.

1673
01:17:05,880 --> 01:17:07,320
Speaker 6: It's a big between ranch in an island.

1674
01:17:07,479 --> 01:17:07,880
Speaker 3: I know.

1675
01:17:11,280 --> 01:17:12,479
Speaker 6: We'll be shooting the next episode.

1676
01:17:12,520 --> 01:17:17,680
Speaker 3: Then it's pretty it's pretty sweet. The problem with the

1677
01:17:17,720 --> 01:17:20,360
Speaker 3: problem with the island is I have I don't get

1678
01:17:20,360 --> 01:17:22,519
Speaker 3: the same tax deductions I get out of the ranch,

1679
01:17:22,920 --> 01:17:26,200
Speaker 3: So I gotta consider all that I put some cattle

1680
01:17:26,200 --> 01:17:29,320
Speaker 3: on that ranch, I can write it off your boat.

1681
01:17:30,520 --> 01:17:33,679
Speaker 6: I like's ranch. Yeah, Grant, it's been a pleasure.

1682
01:17:33,840 --> 01:17:36,840
Speaker 3: Man. You guys are awesome. Okay, best interview I've ever

1683
01:17:36,960 --> 01:17:37,640
Speaker 3: done in here and.

1684
01:17:38,400 --> 01:17:40,920
Speaker 6: There you have it. There, you have it, biggest in

1685
01:17:40,960 --> 01:17:43,040
Speaker 6: the gang biggas in the game. What would you what

1686
01:17:43,080 --> 01:17:44,599
Speaker 6: would you what would you like to tell the people?

1687
01:17:45,280 --> 01:17:46,960
Speaker 3: Now? Look, look, all I want to tell you, like

1688
01:17:47,080 --> 01:17:50,800
Speaker 3: is if there's anything that I said today that that like,

1689
01:17:50,800 --> 01:17:53,519
Speaker 3: like kind of like, God, you didn't like that, take

1690
01:17:53,520 --> 01:17:56,160
Speaker 3: another look at it. If there's anything that bothered you

1691
01:17:56,200 --> 01:17:58,000
Speaker 3: that I said, take another look at what I said,

1692
01:17:58,000 --> 01:18:00,320
Speaker 3: because it might be something just hitting so close own

1693
01:18:00,840 --> 01:18:03,439
Speaker 3: that you need to pay attention to it. Number two,

1694
01:18:03,560 --> 01:18:05,120
Speaker 3: You know, I had a lot of fun with these guys.

1695
01:18:05,120 --> 01:18:06,439
Speaker 3: You know, I want to make sure there's the best

1696
01:18:06,520 --> 01:18:11,200
Speaker 3: podcast in the world, better than mine, so better than everybody's. Like,

1697
01:18:11,240 --> 01:18:13,519
Speaker 3: I'm a very collaborative person. I want to like, I

1698
01:18:13,560 --> 01:18:15,160
Speaker 3: want to flow a lot of power to a lot

1699
01:18:15,200 --> 01:18:17,519
Speaker 3: of people. I was doing a gig. I'll tell you

1700
01:18:17,560 --> 01:18:19,479
Speaker 3: one another little story. I was doing a gig once

1701
01:18:20,320 --> 01:18:23,360
Speaker 3: and we were about seven thousand people there, and there

1702
01:18:23,360 --> 01:18:25,000
Speaker 3: was a promoter that was with me and one of

1703
01:18:25,000 --> 01:18:28,080
Speaker 3: my guys took a selfie with one of the one

1704
01:18:28,160 --> 01:18:34,400
Speaker 3: of the the guests, and the guy, Bill z Ancher says, Man,

1705
01:18:34,439 --> 01:18:37,000
Speaker 3: don't do that, man, you don't take don't take selfies

1706
01:18:37,040 --> 01:18:40,599
Speaker 3: with the audience that needs to be grand And I'm like, dude,

1707
01:18:40,640 --> 01:18:43,200
Speaker 3: are you kidding? Man? Yeah, Man, he's the star. You

1708
01:18:43,200 --> 01:18:45,880
Speaker 3: can't take selfies. You can't take shots of stars the star.

1709
01:18:45,960 --> 01:18:49,120
Speaker 3: I'm like, Bro, there's a universe of stars. Man shit,

1710
01:18:49,160 --> 01:18:50,439
Speaker 3: I don't want to be the only star.

1711
01:18:50,600 --> 01:18:50,800
Speaker 6: Bro.

1712
01:18:51,160 --> 01:18:54,320
Speaker 3: When my team shines bright, I get brighter. So I

1713
01:18:54,320 --> 01:18:56,120
Speaker 3: don't want to be the brightest star. I don't want

1714
01:18:56,160 --> 01:18:57,400
Speaker 3: to be the only star. I don't want to be

1715
01:18:57,439 --> 01:18:59,719
Speaker 3: by myself. I played that game for the first fifty

1716
01:18:59,800 --> 01:19:01,400
Speaker 3: years my life, and I'm done with it. I want

1717
01:19:01,400 --> 01:19:05,240
Speaker 3: to play with other people. All walks of life. Love diversity.

1718
01:19:05,320 --> 01:19:09,080
Speaker 3: I like culture. I like your stories because white people

1719
01:19:09,080 --> 01:19:14,000
Speaker 3: are boring. They're boring, bro boring stories bullshit, Like it's

1720
01:19:14,040 --> 01:19:17,280
Speaker 3: so much bullshit. Come talking about their country clubs and

1721
01:19:17,880 --> 01:19:20,400
Speaker 3: their kids and this, and that your kids are fucked

1722
01:19:20,439 --> 01:19:24,559
Speaker 3: up because you're boring. Okay, So I just love people

1723
01:19:24,560 --> 01:19:26,600
Speaker 3: from all walks of life. We did nineteen countries in

1724
01:19:26,680 --> 01:19:29,640
Speaker 3: twenty nineteen. Man, I learned about so many different cultures

1725
01:19:29,760 --> 01:19:33,000
Speaker 3: people in Dubai, Singapore, Iran. There was one hundred people

1726
01:19:33,040 --> 01:19:35,160
Speaker 3: from Iran came to Debai to listen to me. Like,

1727
01:19:35,240 --> 01:19:40,439
Speaker 3: I'm like, so, I just like inclusion, and I want

1728
01:19:40,479 --> 01:19:42,800
Speaker 3: everybody to do well financially too. That's the other thing man,

1729
01:19:42,840 --> 01:19:45,000
Speaker 3: this financial game. You got to figure this game out.

1730
01:19:45,120 --> 01:19:46,960
Speaker 3: You have to figure that game out. You got to

1731
01:19:47,000 --> 01:19:48,040
Speaker 3: make it a priority this year.

1732
01:19:48,320 --> 01:19:50,320
Speaker 6: Well I appreciate that once again, and shout out to

1733
01:19:50,360 --> 01:19:54,760
Speaker 6: Matty j oh You know well, company watch. That's a

1734
01:19:54,840 --> 01:19:55,439
Speaker 6: company watch.

1735
01:19:55,640 --> 01:20:00,600
Speaker 3: Company watch, y'all get company on the thing we do.

1736
01:20:01,240 --> 01:20:04,000
Speaker 6: You judging man's boys watch these days. I mean, Richie

1737
01:20:04,080 --> 01:20:08,719
Speaker 6: is not the.

1738
01:20:06,520 --> 01:20:09,360
Speaker 3: Passive income man. Big takeaway, guys, don't buy. Don't buy,

1739
01:20:09,479 --> 01:20:12,759
Speaker 3: you know, get your assets, not your necklaces, get your ass,

1740
01:20:12,800 --> 01:20:13,800
Speaker 3: not your bracelets.

1741
01:20:14,320 --> 01:20:19,280
Speaker 6: Shout out to Spectacular, he helped put this together.

1742
01:20:19,439 --> 01:20:20,320
Speaker 3: Receipt right here.

1743
01:20:21,240 --> 01:20:24,240
Speaker 6: Shout out to Maddie j He helping mad And shout

1744
01:20:24,280 --> 01:20:27,639
Speaker 6: out to my brother Neil Neil Davis. He helped, He helped, Neil,

1745
01:20:27,720 --> 01:20:30,840
Speaker 6: Neil Neil shout out. Shout out to the broke Mikey

1746
01:20:32,760 --> 01:20:34,200
Speaker 6: and shout out to the Chout out to you guys.

1747
01:20:34,200 --> 01:20:36,360
Speaker 6: This is the first interview that we did ever where

1748
01:20:36,360 --> 01:20:37,720
Speaker 6: we didn't have to set up equipment, We didn't have

1749
01:20:37,760 --> 01:20:40,160
Speaker 6: to set up a mic. Everything was provided for so

1750
01:20:40,439 --> 01:20:47,200
Speaker 6: the hospitality he had amazing Troy house keeping it on.

1751
01:20:47,320 --> 01:20:49,400
Speaker 5: Yeah, shout everybody on Patreon dot Com. Ya know, that's

1752
01:20:49,400 --> 01:20:52,880
Speaker 5: our product paid program obviously top five on top tier.

1753
01:20:53,040 --> 01:20:53,800
Speaker 6: You have access to E.

1754
01:20:53,920 --> 01:20:57,200
Speaker 5: Y L University, the number one business school for everything

1755
01:20:57,320 --> 01:20:59,240
Speaker 5: in finance, entrepreneurship and business.

1756
01:20:59,680 --> 01:21:00,639
Speaker 3: You university.

1757
01:21:00,680 --> 01:21:00,840
Speaker 6: Man.

1758
01:21:01,080 --> 01:21:02,599
Speaker 5: We are proud to have all our earners.

1759
01:21:02,600 --> 01:21:02,760
Speaker 6: Man.

1760
01:21:02,920 --> 01:21:05,120
Speaker 5: The space has been growing and we greatly appreciate you.

1761
01:21:05,160 --> 01:21:06,920
Speaker 5: And shout everybody that's important to merch. Out to our

1762
01:21:06,920 --> 01:21:09,479
Speaker 5: merch team too. Shout out to tabam and a city

1763
01:21:10,000 --> 01:21:13,040
Speaker 5: out in Atlanta handling a little business out there. And yeah, man,

1764
01:21:13,240 --> 01:21:15,880
Speaker 5: everybody that's too important to merch. And thank you for

1765
01:21:15,920 --> 01:21:17,400
Speaker 5: being so patient with us. You know, I know there's

1766
01:21:17,400 --> 01:21:19,720
Speaker 5: been some delays, but again, thank you for being so patient.

1767
01:21:19,760 --> 01:21:21,879
Speaker 5: Everybody's gonna get their order or orders will be fulfilled.

1768
01:21:22,160 --> 01:21:23,200
Speaker 3: We greatly appreciate y'all.

1769
01:21:23,880 --> 01:21:26,719
Speaker 6: University the biggest, the biggest, the biggest. Thank you guys

1770
01:21:26,720 --> 01:21:28,599
Speaker 6: for rocking with us. Well, see you next week. Peace,

1771
01:21:29,560 --> 01:21:32,760
Speaker 6: Thank you, well appreciate you.

1772
01:21:34,880 --> 01:21:45,360
Speaker 7: My graduates from my school being forced back drop drop Mike, drop.

1773
01:21:54,040 --> 01:21:56,760
Speaker 1: Coach, the energy out there felt different. What changed for

1774
01:21:56,840 --> 01:21:57,439
Speaker 1: the team today?

1775
01:21:57,520 --> 01:21:59,639
Speaker 2: It was the new game day scratches from the California

1776
01:21:59,720 --> 01:22:02,960
Speaker 2: Lottery play is everything. Those games sent the team's energy

1777
01:22:02,960 --> 01:22:03,479
Speaker 2: through the roof.

1778
01:22:03,560 --> 01:22:05,519
Speaker 1: Are you saying it was the off field play that

1779
01:22:05,600 --> 01:22:06,719
Speaker 1: made the difference on the field.

1780
01:22:06,760 --> 01:22:09,559
Speaker 2: Hey, little play makes your day, and today it made

1781
01:22:09,560 --> 01:22:11,960
Speaker 2: the game. That's AWFU Now, Coach.

1782
01:22:11,800 --> 01:22:14,400
Speaker 4: One more question played the new Los Angeles Chargers, San

1783
01:22:14,479 --> 01:22:17,479
Speaker 4: Francisco forty nine Ers and Los Angeles Rams Scratchers from

1784
01:22:17,479 --> 01:22:21,160
Speaker 4: the California Lottery. A little play can make your day. Peace,

1785
01:22:21,200 --> 01:22:22,880
Speaker 4: play responsibly. It must be eighteen years or older to

1786
01:22:22,920 --> 01:22:23,759
Speaker 4: purchase plate or claim