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Speaker 1: What if we took away the biggest hurdle, which is

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Speaker 1: people not being able to number one execute they don't

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Speaker 1: have a successful trading plan, his strategy that's actually back

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Speaker 1: tested on data. What if we built that into a

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Speaker 1: software that then allowed them to be able to execute

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Speaker 1: and not have to be staring at a screen all day.

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Speaker 2: Imagine turning your life around, going from a broke drug

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Speaker 2: addict to becoming a challenger to Wall Street, running funds

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Speaker 2: worth tens of millions of dollars and jet setting around

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Speaker 2: the world. Well, it's not only been done many times,

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Speaker 2: it's been done by my next guest. I'm talking about

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Speaker 2: Jeff Seconder. His story is amazing. He went from college

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Speaker 2: grad straight to Wall Street to burned out drug addict,

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Speaker 2: found out that he hated his life and decided to

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Speaker 2: change his life through a couple strategic moves. Next thing

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Speaker 2: you know, he's in Miami. He's running a fund rivaling

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Speaker 2: some of the Wall Street funds in New York, making

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Speaker 2: tens of millions of dollars, and he is going to

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Speaker 2: break down this step by step process for us so

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Speaker 2: we can do the same thing. No matter where you're

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Speaker 2: at in life. If you're a broke drug addict like

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Speaker 2: he was, or somewhere in the middle. We can all

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Speaker 2: learn from this. Jeff, thanks so much for joining me today. Man,

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Speaker 2: the good conversations always before we start recording. But let's

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Speaker 2: just go ahead and just jump right in. You know,

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Speaker 2: we were deep into disrupting Wall Street, we were deep

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Speaker 2: into trading investing, and we were just about to talk

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Speaker 2: about the banks and how safe the banks are, and

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Speaker 2: we're going to do that, but let's just start back

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Speaker 2: at the beginning now that we're recording. So, you know,

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Speaker 2: the big thing I can talk about is disrupting markets.

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Speaker 2: And as I was kind of explained to you, you know,

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Speaker 2: I think there's the five big legacy institutions in the

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Speaker 2: world today need to be disrupted, and that's media, it's health,

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Speaker 2: it's education, certainly, finance, and sort of that's kind of

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Speaker 2: where you're at. So let's just start kind of at

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Speaker 2: the beginning. I mean, you're young, you're pretty dang successful,

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Speaker 2: you're making a lot of money, and you're not doing

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Speaker 2: it the traditional way, so you're definitely disrupting markets. Yeah,

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Speaker 2: so let's talk about that. You are you have a

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Speaker 2: hedge fund or some sort of a fund, right, yep.

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Speaker 2: And then you have another business that helps people trade

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Speaker 2: and invest and you're in Miami, so you're not in

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Speaker 2: Wall Street and you're doing this, Like, give us your background.

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Speaker 2: How'd you get here?

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Speaker 3: Yeah?

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Speaker 1: So, I mean my parents growing up they worked traditional

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Speaker 1: jobs that my dad became an entrepreneur, probably when I

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Speaker 1: was like five years old, so we moved. I was

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Speaker 1: born in Pittsburgh, moved to Louisville, Kentucky, and then probably

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Speaker 1: around the age of five, we moved to Columbus, Ohio.

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Speaker 1: He started an energy business, so I got to see what,

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Speaker 1: you know, an entrepreneur kind of goes through it, right.

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Speaker 1: They spend a lot of time at work building this

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Speaker 1: thing for many, many years, and my parents ended up

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Speaker 1: getting divorced, so we moved out. Like he did pretty

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Speaker 1: well in his previous job, so they built a house

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Speaker 1: in Columbus in pretty nice neighborhood. We lived in a

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Speaker 1: big house that we moved when they split. It was

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Speaker 1: right before like two thousand and eight. We then moved

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Speaker 1: out of that big house into a much smaller apartment

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Speaker 1: and a smaller house. And I got to see what

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Speaker 1: brought from, you know, not having financial security, and I

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Speaker 1: think at an early age, I related more stress to

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Speaker 1: you know, not doing well financially and then like a

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Speaker 1: lack of security to not doing well financially. But I

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Speaker 1: also saw the other side, So I think from a

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Speaker 1: young age, you know what the other side of also

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Speaker 1: doing well financially and the security and the less stress

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Speaker 1: that that brings it. So from an early age, I

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Speaker 1: don't know why, I didn't know why. I think I

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Speaker 1: know why now, But I was like cleaning my parents'

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Speaker 1: baseboards for twenty five cents a room. I was doing

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Speaker 1: the lemonade stands. I sold baseball cards. I did ran

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Speaker 1: a little landscaping company, you know, just laying mulch for

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Speaker 1: people in my neighborhood. I was always doing all these

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Speaker 1: things to make money. Yeah, and I was a little

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Speaker 1: bit of a felt like an outcast because not many

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Speaker 1: people were doing that. So anyways, I went through you know,

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Speaker 1: traditional public school in Columbus. Then I went to University

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Speaker 1: Kentucky for my finance degree. Uh you know, I was

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Speaker 1: in it, did apprenticeship roles. I did a bunch of internships.

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Speaker 1: What I learned from an early age was this, there

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Speaker 1: was a financial advisor in Columbus that I kind of

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Speaker 1: did an apprenticeship with and he was like, you know,

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Speaker 1: the closer you can get to the money, the better.

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Speaker 1: So I'm like, let me get closer to the money,

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Speaker 1: let me be around you know, wealthier people.

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Speaker 3: So I wanted to be.

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Speaker 1: A financial advisor. So I got out of college, got

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Speaker 1: my degree in twenty sixteen. The next month, I'm working

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Speaker 1: for JP Morgan in Columbus, Ohio, and their biggest office

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Speaker 1: is like twelve thousand employees, two million square feet. It's massive.

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Speaker 1: It's the second biggest corporate office john the Pentagon. So

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Speaker 1: I was there for about eighteen months. I got you know,

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Speaker 1: different licenses and things, and then I realized that that

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Speaker 1: wasn't what I wanted to do. Also, an even bigger

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Speaker 1: part of my story, which we can all go service level.

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Speaker 3: If you want to go deeper, we can. We can.

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Speaker 1: But I got injured in football, and I was also

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Speaker 1: just hanging around the wrong people in high school. But

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Speaker 1: I got addicted to opiates, and you know, for the

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Speaker 1: first two years it was like somewhat you know fun, right,

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Speaker 1: this is just you know, a thing that it kind

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Speaker 1: of it gave me a different type of mindset.

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Speaker 3: It took away the pain from the injury. That I had.

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Speaker 1: I tore all the ribs, the muscles of my ribs

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Speaker 1: playing football, So anytime I, like I breathed or moved,

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Speaker 1: it hurt pretty bad. So they prescribe me percoset that

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Speaker 1: rolled in. Once those ran out, I started to do

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Speaker 1: worse things, worse things, worse things. Next thing, you know,

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Speaker 1: you know, I'm you know, two years go by and

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Speaker 1: I'm still you know, somewhat having fun with it. Then

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Speaker 1: the next four years I'm trying to quit. So this

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Speaker 1: is all through college pretty much. I'm trying to quit using,

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Speaker 1: and then into JP Morgan, I'm trying to quit using.

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Speaker 1: I'm finally seeing doctors. They're prescribing me all these other things.

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Speaker 1: Try to get off of the you know, the other opiates.

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Speaker 1: But in reality, they're just prescribing me other opiates. It

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Speaker 1: has a longer half life that's harder to even get off. So,

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Speaker 1: I mean, I went through a struggle for four years,

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Speaker 1: and it was going through college, you know, still getting

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Speaker 1: you know, a three point zero three two. Everything looks

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Speaker 1: good on the outside, Yeah, I'm selling. You know, I'm

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Speaker 1: driving to instead of partying all the time, I'm driving

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Speaker 1: to outlet malls, buying a bunch of shoes that at

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Speaker 1: these altlama in my niece on Ultima filled my niece

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Speaker 1: on Altimal with shoes. I'm coming home. People are partying

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Speaker 1: in the house because I live with other people when

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Speaker 1: I'm like carrying like hundreds of shoes up the stairs

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Speaker 1: trying to make that uh you know, just I still

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Speaker 1: had that entrepreneurial you know need in my life. And

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Speaker 1: then you know, I went into into JP Morgan and

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Speaker 1: I finally felt like I was on track. I'm like,

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Speaker 1: this is what I'm meant to do, this is what

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Speaker 1: I wanted to do my whole life. And then I

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Speaker 1: realized that it wasn't what I actually wanted to do.

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Speaker 1: I was actually living for other people's values because I

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Speaker 1: took this course from John D. Martini called the Values

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Speaker 1: Determination Course, and I and I realized what my highest

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Speaker 1: values were, and they were, you know, having uncapped earning potential,

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Speaker 1: seeing impact on other people, and having freedom, options and

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Speaker 1: choices to do what I you know, again, with my time,

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Speaker 1: energy and resources on earth.

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Speaker 3: And I wasn't. I didn't have those things.

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Speaker 1: I wasn't impact, I didn't have the freedom, and I

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Speaker 1: definitely didn't have uncapped earning potential. So I realized this

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Speaker 1: all kind of came together. This was in like twenty seventeen.

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Speaker 1: I'm taking out loans to try to take care of

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Speaker 1: my habit, which got really bad. It spiraled about as

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Speaker 1: bad as it gets, crashed my car a few times

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Speaker 1: because I fell asleep, and and then I ended up

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Speaker 1: Finally I got to a place where I had to

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Speaker 1: fix something because I had no more sick days at work.

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Speaker 1: I'm over sixty grand in dead at this point, I'm

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Speaker 1: living in my dad's basement. I have a just beat

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Speaker 1: up Honta Civic that I was leasing, and I was like,

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Speaker 1: I still loved I was always you know, trading and investing,

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Speaker 1: but at that point in time, I'm like, I just

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Speaker 1: dug myself into a hole. So I had to go

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Speaker 1: to and and I went to my mom found an

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Speaker 1: impatient place. I always like pushed that stuff awake. I

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Speaker 1: think it's because of my ego a little bit. I'm like,

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Speaker 1: and also I'm like, that's not who I am, right,

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Speaker 1: I don't belong in a rehabilitation center. So I'm finally like,

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Speaker 1: I don't have anything any other choice, So I go

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Speaker 1: in to try to get a you know, an assessment

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Speaker 1: done to go to outpatient and they're like, you are

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Speaker 1: way too bad. You have to go to Impatiently they

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Speaker 1: wouldn't accept me. So right after that, my dad called,

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Speaker 1: I'm supposed to go into work because I got no

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Speaker 1: more sick days and he's like, Jeff, what they say?

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Speaker 1: And they're like, I'm like, they won't accept me. I

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Speaker 1: have to go to to inpatient. So I the next morning,

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Speaker 1: I was on a flight to Knoxville, Tennessee, to a

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Speaker 1: place called Cornerstone of Recovery. Went into there realized that,

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Speaker 1: you know, I was having chills, not just because I

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Speaker 1: was sick, but because I had all these visions for

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Speaker 1: what I want to do with my life. And it

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Speaker 1: was four years of just pent up, you know, trying

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Speaker 1: to get out of that situation and trying to get

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Speaker 1: my life back on track. And I was doing all

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Speaker 1: these things, but I didn't have the foundation bill because

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Speaker 1: I had shitty habits and I was you know, addicted. Yeah,

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Speaker 1: And then I used that place as a place to reset.

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Speaker 1: I had a counselor named Christopher that made me write

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Speaker 1: a here story. So the hero story is like me

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Speaker 1: stepping outside of who I was and into my own Hero,

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Speaker 1: and I wrote a story and I still have the

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Speaker 1: paper of of you know, what my life was leading

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Speaker 1: up into this point, and then you from this point forward,

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Speaker 1: you then project what you're going to do. So I

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Speaker 1: wrote that story, and then I also build a vision

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Speaker 1: board in rehab after I got out of the detox facility,

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Speaker 1: and then a lot of those things that I put

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Speaker 1: on my vision board are now happening. And you know,

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Speaker 1: my hero story is honestly playing out as well. It's

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Speaker 1: projected further into the future, so we'll see if it does.

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Speaker 1: But but you know that that point in time, I'm like,

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Speaker 1: I just use it as a place to kind of reset,

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Speaker 1: build a foundation that I could actually have a really

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Speaker 1: big quantum leap from. And I was already working on

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Speaker 1: personal development stuff. So when I got out, I would

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Speaker 1: I just had my mom with all my employees in

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Speaker 1: Miami and we were talking about some of my story

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Speaker 1: in front of all my employees and she's like, yeah,

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Speaker 1: Like Jeff, when Jeff got out, he was like, that

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Speaker 1: was the one chance I needed. That's all all I

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Speaker 1: needed was to get off of that stuff for a

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Speaker 1: little bit, get my head back on track. When I

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Speaker 1: got out, I didn't do anything except for focus on

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Speaker 1: working out and focus on entrepreneurship. So I actually went

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Speaker 1: back into corporate though right when I got out, and

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Speaker 1: and then I realized that's why I was.

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Speaker 3: Continuing the problem. I was just escaping my life.

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Speaker 1: I had a life that I was living for other

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Speaker 1: people from my you know, family, friends, peers, what I

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Speaker 1: thought they they thought was successful. And I said, screw

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Speaker 1: what everyone else thinks. Let me figure out what I

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Speaker 1: value in life and start living my own life. And

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Speaker 1: I realized, you know, again those highest values that I had,

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Speaker 1: and I'm like, I just got to build a life

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Speaker 1: around what I value. And I but I you know,

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Speaker 1: when I got out, I was sixty grand a debt.

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Speaker 1: Then I had you know, I wasn't paying my bills,

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Speaker 1: so I had a five twenty four credit score as well.

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Speaker 3: I had late payments. I had a collection as well.

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Speaker 1: So I realized, if I got to get if I'm

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Speaker 1: trying to get out of my dad's basement and go

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Speaker 1: do something great with my life, I got to fix

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Speaker 1: my credit. So I fixed my credit and I just

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Speaker 1: started to build a brand. Because I read Crush It

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Speaker 1: by Gary Vee, I'm like, this is the truth, this

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Speaker 1: is one hundred percent the truth. This is where the

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Speaker 1: future is going. I used to hate social media. I

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Speaker 1: thought it was just so superficial. But I'm like, there's

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Speaker 1: people doing big business from this. So I read that book.

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Speaker 1: I'm like, I'm going all in on brand. I was

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Speaker 1: posting three to four times a day on Instagram, still

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Speaker 1: in corporate, and then I once again, you know, I

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Speaker 1: realized the corporate it's not bad. I love JP Morgan

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Speaker 1: and Chase, They're a great company. But the thing is,

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Speaker 1: it just didn't make sense for what I wanted to

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Speaker 1: get out of life. So I declared an outside business

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Speaker 1: to them, which was like a I was, you know,

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Speaker 1: writing business plans, something I learned from a company that

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Speaker 1: I interned with in Australia actually in like twenty fifteen.

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Speaker 1: And then I coupled in some of the things that

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Speaker 1: I was learning about my own credit, like funding to

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Speaker 1: help startups get funding without you know, giving up equity

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Speaker 1: and paying a bunch of interest and.

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Speaker 3: All this stuff.

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Speaker 1: So I declared that outside business to them. They're like, hey,

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Speaker 1: that's going to be a competition to some of our partners,

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Speaker 1: and I'm like, all right, well I got to do this.

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Speaker 1: So I literally that was on Friday. They said, like,

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Speaker 1: you can't run it. Pretty much the next Monday, I

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Speaker 1: just turned to my badge at eight am and said,

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Speaker 1: I gotta, I gotta pursue this because if I don't,

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Speaker 1: I'm going to slip back to my problem because once

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Speaker 1: again I'm living a reality that I don't I don't

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Speaker 1: want to live. So anyways, I did that. That company

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Speaker 1: didn't do super well to start because I didn't understand

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Speaker 1: client acquisition and marketing. So I actually to bridge the gap.

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Speaker 1: I started a marketing company where we mainly focused on

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Speaker 1: doctors and chiropractors with other entrepreneur in Columbus. We did

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Speaker 1: pretty well there, and I kept building my brand and

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Speaker 1: then I, you know, we for a couple of months,

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Speaker 1: we were making enough money where I got to move

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Speaker 1: out of my dat's basement. I lived in an apartment.

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Speaker 1: I was paying down my debt. I learned to move

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Speaker 1: my all my personal debt over to business debt so

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Speaker 1: that I could have a little bit of room bring

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Speaker 1: my credit score up, and then everything.

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Speaker 3: Just started to click.

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Speaker 1: Took probably six months and I started to launch my

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Speaker 1: own you know brand and actually build a digital product.

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Speaker 1: I first month, I did five Grand. Then it was

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Speaker 1: like twelve twenty five, and it just kept growing and

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Speaker 1: it went faster than I ever would have believed that I,

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Speaker 1: you know, could do that. And next thing, you know,

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Speaker 1: I'm completely completely out of debt. I got a really

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Speaker 1: great life. I'm living in San Diego.

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Speaker 3: You know.

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Speaker 1: I launched a hedge fund, and then you know, about

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Speaker 1: a year and a half go buy in San Diego,

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Speaker 1: pandemic happens. I moved to Miami. So now I've been

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Speaker 1: to Miami three years now. So now I've got three

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Speaker 1: different brands. I've still have that credit based funding brand.

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Speaker 1: I've got that algorithmic trading brand that's called NURP, and

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Speaker 1: then I've got my hedge fund that I've had.

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Speaker 3: For In April of this year will be five years.

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Speaker 3: All right.

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Speaker 2: I want to take a break real quick just to

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Speaker 2: let you know that if you're sick of the global

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Speaker 2: elites robbing you blind through fur liss money printing like

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Speaker 2: I am, then you should be at the Bigcoin twenty

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Speaker 2: twenty four conference in Nashville, Tennessee, to Lie twenty fifth

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Speaker 2: a beacon of monetary freedom, a glimmer of hope amongst

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Speaker 2: the darkening the macroeconomic backdrop. Come hang out with me

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Speaker 2: and other top speakers, companies, thought leaders from across the

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Speaker 2: industry will all be in Nashville, looking ahead to the

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Speaker 2: next year and beyond. Now. Ticket prices are on sale

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Speaker 2: right now, and you can get an extra ten percent

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Speaker 2: off if you use my code Mark Moss. But make

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Speaker 2: Moss for a ten percent off discount, and if you do,

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Speaker 2: send me your code that you used my code to

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Speaker 2: buy your ticket. And I'm gonna invite you to a

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Speaker 2: special event that I'm having, so make sure you get

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Speaker 2: your ticket. Bitcoin twenty twenty four. Use mark Moss for

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Speaker 2: ten percent off and I hope to see you there. Man,

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Speaker 2: what a story. There's a lot to dig into on that,

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Speaker 2: you know. I want to talk about the disrupting markets

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Speaker 2: I want to talk about I want to talk about

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Speaker 2: the finance space. That's my main domain of expertise. But

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Speaker 2: there's a lot to unpack here that I want to

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Speaker 2: get into a couple of things that hit me. One

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Speaker 2: of them sounds like you've done sort of quite a

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Speaker 2: bit of based off of what you told me, you

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Speaker 2: spent quite a bit of time kind of thinking about

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Speaker 2: your past and sort of reverse engineering how to get

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Speaker 2: here and what were these levers you talked about your

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Speaker 2: dad being the entrepreneur and how you're able to see

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Speaker 2: sort of both sides of like hey, doing better and

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Speaker 2: doing worse kind of thing. I've often thought about my

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Speaker 2: own past experience as well. Like my dad was a contractor,

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Speaker 2: he's an entrepreneur, right, He went bid jobs, close jobs,

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Speaker 2: completed jobs. He made me go to work with them

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Speaker 2: all the time. And like I feel like that, like

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Speaker 2: we're learning through just modeling, right, And so like my

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Speaker 2: dad just made money. He didn't really have a job,

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Speaker 2: He just made money, right, And like he would take

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Speaker 2: me with him as a young kid, and I saw that,

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Speaker 2: and I feel like that was like a big piece

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Speaker 2: that led me to where I'm at. I guess would

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Speaker 2: you feel the same way you think? It was like

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Speaker 2: sort of like that modeling they say kids learn through

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Speaker 2: like hypnosis, meaning they're not it's kind of going past

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Speaker 2: their conscious like directly of the subconscious like that.

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Speaker 1: Yeah, I think that piece one hundred percent true. But

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Speaker 1: I also think what you're missing early in life. When

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Speaker 1: I say early, i'm talking about really below the age

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Speaker 1: of ten becomes what you value later in life. So

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Speaker 1: if you've got a big void early on, like maybe

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Speaker 1: your parents don't you know, show you enough love, or

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Speaker 1: they didn't have money, or you had some type of

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Speaker 1: thing that you felt was missing which you wouldn't consciously

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Speaker 1: know at the time, that becomes something that you a

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Speaker 1: lot of the time is value a lot in the future.

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Speaker 3: But yeah, I'm I. I.

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Speaker 2: You know, we grew up and as a contractor, there

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Speaker 2: was good times in bad times. So we had the

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Speaker 2: good and we had the bad. And my dad worked

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Speaker 2: really hard to make sure we went to private school.

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Speaker 2: And like I, so we're around more well off, you know,

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Speaker 2: rich kids. Yeah, and I could see it, but we

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Speaker 2: didn't have it. And they say a lot of times,

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Speaker 2: like the middle class kids, maybe they can do better

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Speaker 2: because it's that gap, like they're saying, like the poor people,

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Speaker 2: the poor kids never they don't even know. The rich

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Speaker 2: kids had it too easy. But like I saw it,

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Speaker 2: but I didn't have it, and then it created that

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Speaker 2: gap I wanted it right, and so I didn't have

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Speaker 2: the brand new bike or the cool clothes or whatever

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Speaker 2: it was that everyone else did. So then I like,

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Speaker 2: you had to take my skill set to my market.

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Speaker 2: So you know, eight nine years old, I knew how

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Speaker 2: to mow lawns and my market was my neighborhood. Yeah,

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Speaker 2: and let me take my skill set to my market

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Speaker 2: and let's see what can happen. Right, And and you know,

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Speaker 2: my whole life has always been I've never had a job.

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Speaker 2: You know, you went down and you tried that career

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Speaker 2: path a little bit. I had one job, but it's

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Speaker 2: always just been like how do I make money? Just

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Speaker 2: how does money get made? How do I make it?

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Speaker 2: And I think again, like back to my dad.

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Speaker 3: So yeah, I think that's super important.

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Speaker 1: When I have kids in the future, I hope that

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Speaker 1: they see both sides, yeah, because.

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Speaker 3: You have to.

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Speaker 1: If you have if you're too comfortable and you've got

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Speaker 1: the golden handcuffs, it's probably.

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Speaker 3: Going to ruin the rest of your life.

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Speaker 2: Yeah.

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Speaker 1: But if you see both sides, you can say, Okay, well,

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Speaker 1: hard work gets me here, being lazy gets me here.

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Speaker 1: What do I want out of my life? And then

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Speaker 1: you know for me and you, obviously it's been working

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Speaker 1: a bit harder. Yeah, to get after the money and

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Speaker 1: create a you know, a life of freedom, options and choices.

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Speaker 2: Yeah, on the working harder part. This is a little sidechecked.

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Speaker 2: But last night, yesterday, for everybody listening, yesterday we were

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Speaker 2: at an event, Carlton's tax Alchemy event. We went to

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Speaker 2: dinner last night. Thanks for inviting me, by the way,

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Speaker 2: And it's been raining here in California. When the rain happens,

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Speaker 2: the dirts rereally good. I like to ride dirt bikes,

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Speaker 2: and all my buddies are going to go ride dirt

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Speaker 2: bikes yesterday and it's going to be so good. And

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Speaker 2: I really wanted to go, but I was like, oh,

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Speaker 2: I kind of want to go to this event. It's

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Speaker 2: a work event, right, It's like work. But the point is,

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Speaker 2: I was thinking this morning, I'm a little bit of

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Speaker 2: a high from yesterday and last night because the amount

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Speaker 2: of masterminding and conversations we had, just like I'm ready

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Speaker 2: to go, just I'm ready to go work even harder.

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Speaker 2: But I was thinking about it and it's like, if

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Speaker 2: you hate to work, then that sounds miserable. No, Yeah,

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Speaker 2: I opted to go work over going and riding dirt bikes. Yeah,

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Speaker 2: and so like when you said working harder, it's like, yeah,

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Speaker 2: like trying to play tennis better, trying to serve better,

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Speaker 2: trying to write motocross better. I want to work better too.

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Speaker 2: So it's like, anyway, that was something that I've been

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Speaker 2: thinking about this morning, and you had talked about you

418
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Speaker 2: were hanging around the wrong people. But then think about,

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Speaker 2: you know, last night hanging around the right people. How

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Speaker 2: powerful it was. But I want to go back to

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Speaker 2: one other thing you said. You talked about that you

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Speaker 2: had taken a values determination course. Yeah, sounds pretty cool.

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Speaker 2: That's something I talk about quite a bit. A lot

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Speaker 2: of people ask me, like I get stuck with analysis paralysis.

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Speaker 2: I don't know what to do. And for me, I

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Speaker 2: feel that going back, I spent a lot of time

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Speaker 2: in personal development as well, learning what my core values were,

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Speaker 2: gave me this filter all of a sudden to like

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Speaker 2: filter everything against and very quickly make decisions. And it

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Speaker 2: sounds like that's kind of what it was for you.

431
00:19:47,720 --> 00:19:48,480
Speaker 3: Yeah, oh yeah.

432
00:19:48,600 --> 00:19:50,760
Speaker 1: I mean if you don't know what you value, you

433
00:19:50,800 --> 00:19:54,199
Speaker 1: have no clear path and vision. You can't create a

434
00:19:54,280 --> 00:19:56,920
Speaker 1: vision that it makes sense. To what you truly want

435
00:19:56,920 --> 00:19:58,560
Speaker 1: out of life. So then and if you don't know

436
00:19:58,600 --> 00:20:00,000
Speaker 1: what you want, you're going to be living someone else

437
00:20:00,359 --> 00:20:03,280
Speaker 1: dream and then you're gonna have all these problems. Maybe OBC,

438
00:20:03,560 --> 00:20:05,679
Speaker 1: you know, you don't have to escape your life with drugs.

439
00:20:05,680 --> 00:20:08,480
Speaker 1: You could scape it with Netflix or gambling or all

440
00:20:08,480 --> 00:20:11,120
Speaker 1: these other things. Right, So you're gonna be on a

441
00:20:11,160 --> 00:20:15,160
Speaker 1: really low vibrational frequency if you're always living for other

442
00:20:15,200 --> 00:20:18,360
Speaker 1: people's you know, wants, needs, desires. But once you start

443
00:20:18,400 --> 00:20:20,800
Speaker 1: to realize what you value, can create your life around that.

444
00:20:20,840 --> 00:20:22,680
Speaker 1: And like you said, it's a filter. So every decision

445
00:20:22,680 --> 00:20:24,760
Speaker 1: that you make, it's like, hey, does this align with

446
00:20:24,800 --> 00:20:27,080
Speaker 1: one of my three values or not. If it doesn't,

447
00:20:27,640 --> 00:20:29,480
Speaker 1: let's not spend time on it, Let's focus on the

448
00:20:29,520 --> 00:20:33,040
Speaker 1: things that do. So yeah, I think that's it's crazy

449
00:20:33,080 --> 00:20:35,400
Speaker 1: they don't teach things like that and credit and taxes

450
00:20:35,400 --> 00:20:37,800
Speaker 1: in school because that is, like, you know, some of

451
00:20:37,800 --> 00:20:40,679
Speaker 1: the most important stuff in your life. So yeah, if

452
00:20:41,000 --> 00:20:42,600
Speaker 1: anyone watching this, SOD, I don't know if you know

453
00:20:42,600 --> 00:20:44,640
Speaker 1: who John D. Martini is, but I think he's one

454
00:20:44,640 --> 00:20:49,160
Speaker 1: of the better, better teachers about that stuff. And that

455
00:20:49,160 --> 00:20:51,840
Speaker 1: that really gave me a clear direction of what I

456
00:20:51,880 --> 00:20:53,840
Speaker 1: wanted to do. I mean, without that, I don't know

457
00:20:53,880 --> 00:20:55,440
Speaker 1: what I would be doing right now. I don't know

458
00:20:55,480 --> 00:20:56,119
Speaker 1: if i'd be alive.

459
00:20:56,320 --> 00:20:59,439
Speaker 2: I probably spent ten years reading, and I still do.

460
00:20:59,520 --> 00:21:02,320
Speaker 2: I'm still unkie, but ten years in like personal development,

461
00:21:02,359 --> 00:21:04,840
Speaker 2: like reading all all those guys you know, from Napoleon

462
00:21:04,920 --> 00:21:07,680
Speaker 2: Hill to Brian Tracy to you name it, right, And

463
00:21:07,920 --> 00:21:09,640
Speaker 2: I used to read a bunch of books on goal

464
00:21:09,680 --> 00:21:12,119
Speaker 2: setting because I'm like, I need to set goals. I

465
00:21:12,119 --> 00:21:14,120
Speaker 2: need to achieve goals. That's that's what I have to do.

466
00:21:14,640 --> 00:21:17,359
Speaker 2: But almost the good books, anyway, almost all the good books,

467
00:21:17,359 --> 00:21:19,679
Speaker 2: they start with what are your core values? And I

468
00:21:19,720 --> 00:21:21,359
Speaker 2: was like, oh, yeah, skip past that, let's get to

469
00:21:21,359 --> 00:21:23,480
Speaker 2: the goal setting. Get to the goal setting. But it

470
00:21:23,520 --> 00:21:25,879
Speaker 2: wasn't until years later that I was like, well, the

471
00:21:25,920 --> 00:21:28,040
Speaker 2: reason why I'm not setting good goals is because I

472
00:21:28,040 --> 00:21:30,919
Speaker 2: haven't taken the time to establish my values. And so

473
00:21:31,000 --> 00:21:32,520
Speaker 2: I had to go back and do that. And ever

474
00:21:32,560 --> 00:21:35,320
Speaker 2: since I did that, my life is just taking off

475
00:21:35,320 --> 00:21:37,919
Speaker 2: that way. You also talked about having a vision board,

476
00:21:39,240 --> 00:21:41,280
Speaker 2: and so it goes back to what you're kind of saying.

477
00:21:41,720 --> 00:21:45,080
Speaker 2: A quote. I tell my daughter, she just graduated high school.

478
00:21:45,119 --> 00:21:46,639
Speaker 2: I say, you know, you're either going to build the

479
00:21:46,680 --> 00:21:49,040
Speaker 2: life that you want or someone else will hire you

480
00:21:49,080 --> 00:21:51,240
Speaker 2: to build the life they want, right their dream. And

481
00:21:51,280 --> 00:21:55,200
Speaker 2: so did you did the values, You did your vision board,

482
00:21:55,200 --> 00:21:58,840
Speaker 2: and you clearly identified what you wanted and now you're

483
00:21:58,880 --> 00:22:00,600
Speaker 2: living it out. I love it. I love that part.

484
00:22:00,640 --> 00:22:01,679
Speaker 2: So I just kind of want to hit on that

485
00:22:03,560 --> 00:22:06,600
Speaker 2: all right now, you went into you started the business

486
00:22:06,640 --> 00:22:08,560
Speaker 2: and it's been growing ever since. Let's talk about that.

487
00:22:08,680 --> 00:22:11,240
Speaker 2: So you just said that school doesn't teach us what

488
00:22:11,280 --> 00:22:13,920
Speaker 2: we need. So again we're trying to disrupt markets, education

489
00:22:14,040 --> 00:22:16,919
Speaker 2: being one of them. So the school doesn't teach you

490
00:22:16,960 --> 00:22:20,560
Speaker 2: anything about anything, right, they have a personal finance course

491
00:22:20,760 --> 00:22:23,240
Speaker 2: some schools do, which is like, teaches you to be

492
00:22:23,280 --> 00:22:24,280
Speaker 2: a really good consumer.

493
00:22:24,680 --> 00:22:27,040
Speaker 3: Yeah, maybe some accounting, maybe some.

494
00:22:27,040 --> 00:22:29,560
Speaker 2: Accounting, maybe you can balance your but your checkbook, but

495
00:22:29,600 --> 00:22:31,960
Speaker 2: most people probably don't even learn that. But you really

496
00:22:31,960 --> 00:22:35,879
Speaker 2: don't understand much about how the world works, specifically around money.

497
00:22:35,920 --> 00:22:40,080
Speaker 2: So I put up a story yesterday. I said, so

498
00:22:40,200 --> 00:22:42,320
Speaker 2: a lot of people, unsuccessful people think the world is

499
00:22:42,400 --> 00:22:45,840
Speaker 2: rigged against them. Successful people realize the world is rigged

500
00:22:46,520 --> 00:22:48,399
Speaker 2: and they learn how to play that game. So we

501
00:22:48,400 --> 00:22:50,120
Speaker 2: think about money, Let's talk about that. So you help

502
00:22:50,160 --> 00:22:52,520
Speaker 2: people get your first business was and you still have

503
00:22:52,720 --> 00:22:56,200
Speaker 2: helping people establish credit and get credit, and so most

504
00:22:56,240 --> 00:22:59,000
Speaker 2: people don't really realize that we're in a debt based

505
00:22:59,040 --> 00:23:04,159
Speaker 2: monetary system. Money is actually created through debt issuance, and

506
00:23:04,240 --> 00:23:06,600
Speaker 2: so like people would say, like, oh, I wish I

507
00:23:06,640 --> 00:23:09,399
Speaker 2: had a money tree in my backyard. I remember hearing

508
00:23:09,400 --> 00:23:10,800
Speaker 2: that as a kid growing up, All I wish I

509
00:23:10,800 --> 00:23:14,200
Speaker 2: had a money tree. But we do like the money tree,

510
00:23:14,320 --> 00:23:16,120
Speaker 2: Like I can go get a million dollars right now

511
00:23:16,119 --> 00:23:18,080
Speaker 2: to go buy a business or a building if I want.

512
00:23:19,440 --> 00:23:21,200
Speaker 2: Is that how you kind of think about the debt

513
00:23:21,240 --> 00:23:23,639
Speaker 2: and debt creation or the access to capital and credit

514
00:23:23,680 --> 00:23:23,879
Speaker 2: like that?

515
00:23:24,359 --> 00:23:26,520
Speaker 1: Yeah, I mean that that is literally I mean, if

516
00:23:26,560 --> 00:23:29,320
Speaker 1: you look at the charts that I talked about yesterday,

517
00:23:29,480 --> 00:23:32,159
Speaker 1: everything's going parabolic as far as M two and the

518
00:23:32,200 --> 00:23:35,240
Speaker 1: issues the new debt and the interest that we're paying

519
00:23:35,240 --> 00:23:37,440
Speaker 1: on the debt is now exceeding what we're spending on our.

520
00:23:37,320 --> 00:23:38,160
Speaker 3: Military a year.

521
00:23:39,119 --> 00:23:41,360
Speaker 1: So yeah, I mean that that's I think the most

522
00:23:41,400 --> 00:23:44,920
Speaker 1: difficult part is to kind of realize how money is created,

523
00:23:45,200 --> 00:23:48,639
Speaker 1: what money truly is, and then how to actually leverage it. So,

524
00:23:48,880 --> 00:23:52,720
Speaker 1: like you said, you know, the basic consumer, they'll say that, oh,

525
00:23:52,760 --> 00:23:55,240
Speaker 1: the whole system is set up against me. What the

526
00:23:55,280 --> 00:23:58,240
Speaker 1: successful person says is, Okay, these are the rules, and

527
00:23:58,280 --> 00:23:59,960
Speaker 1: now let me find out how to use the rules

528
00:24:00,040 --> 00:24:03,360
Speaker 1: to benefit me. So yeah, the most successful will understand debt,

529
00:24:03,400 --> 00:24:06,480
Speaker 1: they'll start to use debt in a proper manner. But

530
00:24:06,640 --> 00:24:09,320
Speaker 1: a lot of the consumers based like they're they're not

531
00:24:09,560 --> 00:24:12,120
Speaker 1: you know, producing any type of value. They just start

532
00:24:12,119 --> 00:24:14,280
Speaker 1: to consume. So I always talk about, hey, are you

533
00:24:14,320 --> 00:24:17,960
Speaker 1: a consumer or you a producer? So when I, you know,

534
00:24:18,160 --> 00:24:21,040
Speaker 1: had sixty granded debt that then went to eighty grand

535
00:24:21,040 --> 00:24:23,119
Speaker 1: and debt because I was investing back in myself and

536
00:24:23,160 --> 00:24:23,880
Speaker 1: all that interest.

537
00:24:24,800 --> 00:24:27,240
Speaker 3: I was a consumer. I was consuming over and over again.

538
00:24:27,280 --> 00:24:31,080
Speaker 1: I was consuming crappy food, crappy knowledge, watching the news,

539
00:24:31,480 --> 00:24:34,399
Speaker 1: obviously drugs, uh, doing a lot of you know, just

540
00:24:34,440 --> 00:24:37,880
Speaker 1: consumer based stuff. Then I when I transition, I'm like, hey,

541
00:24:37,920 --> 00:24:40,840
Speaker 1: how can I become a producer? So I flipped the

542
00:24:40,920 --> 00:24:44,479
Speaker 1: all the debt that I had from consumer debt into

543
00:24:44,560 --> 00:24:48,240
Speaker 1: then business debt. That's producing for me. So yeah, if

544
00:24:48,280 --> 00:24:51,080
Speaker 1: you don't, if you're if you're in the consumer mindset, still,

545
00:24:51,359 --> 00:24:53,200
Speaker 1: debt is a terrible thing for you to get into.

546
00:24:53,600 --> 00:24:55,560
Speaker 1: But if you step into a role where you're like, hey,

547
00:24:55,600 --> 00:24:58,879
Speaker 1: I'm going to produce, then debt can be a huge

548
00:24:58,920 --> 00:25:00,919
Speaker 1: catalyst to you, you know, get into.

549
00:25:00,760 --> 00:25:01,399
Speaker 3: The next level.

550
00:25:01,880 --> 00:25:04,639
Speaker 2: Unsuccessful people think that the game is rigged, kind of

551
00:25:04,680 --> 00:25:07,720
Speaker 2: going off of what I said. But successful people realize

552
00:25:07,760 --> 00:25:09,840
Speaker 2: that there's just a set of rules. And so I

553
00:25:10,200 --> 00:25:11,520
Speaker 2: talk about this all the time. So there's like a

554
00:25:11,520 --> 00:25:13,520
Speaker 2: game of money and you just have to understand the game.

555
00:25:13,800 --> 00:25:17,040
Speaker 2: And so what are what are the rules the parameters

556
00:25:17,040 --> 00:25:18,200
Speaker 2: that successful people use.

557
00:25:19,560 --> 00:25:22,320
Speaker 1: Well, they learn how debt works and how money works.

558
00:25:22,840 --> 00:25:25,720
Speaker 1: They realize that they can't be a consumer. They got

559
00:25:25,720 --> 00:25:28,439
Speaker 1: to step into that producer role. And then you know,

560
00:25:28,520 --> 00:25:30,760
Speaker 1: on a on a higher level, like you know, they

561
00:25:30,800 --> 00:25:33,160
Speaker 1: if you if you really start to how I thought

562
00:25:33,160 --> 00:25:36,680
Speaker 1: about wealth building because I wanted to I'm going to

563
00:25:36,720 --> 00:25:39,040
Speaker 1: build a lot of wealth in my life. So I said,

564
00:25:39,119 --> 00:25:41,800
Speaker 1: what vehicle do I need to be in a lot

565
00:25:41,840 --> 00:25:45,359
Speaker 1: of people they have these really big aspirational goals, but

566
00:25:45,440 --> 00:25:48,439
Speaker 1: they're in the wrong vehicle. They don't deserve what they want.

567
00:25:48,760 --> 00:25:50,840
Speaker 1: So if you want something, you got to deserve it.

568
00:25:51,240 --> 00:25:52,679
Speaker 1: But in order to deserve it, you got to get

569
00:25:52,720 --> 00:25:54,719
Speaker 1: in the right vehicle. So if I'm trying to go

570
00:25:54,760 --> 00:25:56,720
Speaker 1: to China, am I going to hop into Tesla and

571
00:25:56,800 --> 00:26:00,199
Speaker 1: drive to China? No, that's impossible, right, right. So, if

572
00:26:00,200 --> 00:26:03,040
Speaker 1: you've got a vision to be worth a hundred million dollars,

573
00:26:03,560 --> 00:26:05,760
Speaker 1: you working at the Burger King drive through is not

574
00:26:05,800 --> 00:26:07,360
Speaker 1: going to get you there. But if you step out

575
00:26:07,359 --> 00:26:09,320
Speaker 1: and say, hey, I'm going to I'm going to own

576
00:26:09,359 --> 00:26:12,919
Speaker 1: one hundred Burger Kings and scale this right and actually

577
00:26:12,920 --> 00:26:15,920
Speaker 1: become step into the right vehicle, then you can actually

578
00:26:16,000 --> 00:26:17,159
Speaker 1: hit those types of goals.

579
00:26:17,400 --> 00:26:18,720
Speaker 3: So there's a big disconnect.

580
00:26:19,320 --> 00:26:21,040
Speaker 1: You could, you know, kind of call it a little

581
00:26:21,040 --> 00:26:23,760
Speaker 1: bit of cognitive dissonance, where you've got this vision for you,

582
00:26:23,840 --> 00:26:26,239
Speaker 1: but you're not taking the actions that lead up to that.

583
00:26:26,680 --> 00:26:28,520
Speaker 1: So yeah, I mean the big thing with goal setting

584
00:26:28,600 --> 00:26:30,879
Speaker 1: is figuring out a target that you actually want. You

585
00:26:30,880 --> 00:26:32,840
Speaker 1: got to identify what you want, which I think comes

586
00:26:32,840 --> 00:26:35,199
Speaker 1: from the foundation of the values that you figure out

587
00:26:35,240 --> 00:26:38,879
Speaker 1: in your life. Then you actually set a plan to

588
00:26:39,480 --> 00:26:41,359
Speaker 1: execute on that, you set a deadline, and then you

589
00:26:41,400 --> 00:26:43,399
Speaker 1: take consistent action. I always talk about those are the

590
00:26:43,400 --> 00:26:45,560
Speaker 1: four things that you need to achieve any goal in life.

591
00:26:45,800 --> 00:26:47,520
Speaker 1: So I think a lot of you know, consumers and

592
00:26:47,520 --> 00:26:49,919
Speaker 1: people that are new they don't understand that piece and

593
00:26:49,960 --> 00:26:51,679
Speaker 1: they don't get in the right vehicle. So you know,

594
00:26:51,720 --> 00:26:53,720
Speaker 1: if I'm looking at how do I build as much

595
00:26:53,760 --> 00:26:56,560
Speaker 1: wealth as possible. That's why I'm in the hedge fund space.

596
00:26:56,600 --> 00:26:59,280
Speaker 1: That's why I'm building a SaaS company because I understand it.

597
00:26:59,359 --> 00:27:01,359
Speaker 1: That's how I can crew the most amount of value,

598
00:27:01,680 --> 00:27:04,399
Speaker 1: not just to you know, the clients that we have,

599
00:27:04,520 --> 00:27:07,399
Speaker 1: but also to help hit my goals in the future.

600
00:27:07,600 --> 00:27:10,879
Speaker 2: Yeah. I love when you talked about your path, Like

601
00:27:10,960 --> 00:27:14,200
Speaker 2: your first business you launched was a service based business. Yeah,

602
00:27:14,520 --> 00:27:16,080
Speaker 2: and so like when you think about like a lot

603
00:27:16,119 --> 00:27:17,600
Speaker 2: of people they think about like they have to have

604
00:27:17,640 --> 00:27:20,360
Speaker 2: a bunch of money to make money, but like it's

605
00:27:20,400 --> 00:27:22,880
Speaker 2: not true, and most people can just start a high

606
00:27:22,960 --> 00:27:25,720
Speaker 2: leverage service based business right away. We all have skills.

607
00:27:25,720 --> 00:27:27,440
Speaker 2: I talked about I had a skill of mowing lawns,

608
00:27:27,480 --> 00:27:29,640
Speaker 2: and I could take that to my market. Anyone can

609
00:27:29,680 --> 00:27:33,880
Speaker 2: pressure washed driveways or paint houses, right. The other thing

610
00:27:33,880 --> 00:27:36,240
Speaker 2: that you said was you wanted to be close to

611
00:27:36,320 --> 00:27:39,880
Speaker 2: the money. So even like service based businesses, like I say,

612
00:27:39,880 --> 00:27:41,560
Speaker 2: you should learn skills that are close to the money.

613
00:27:41,560 --> 00:27:43,960
Speaker 2: Sales and marketing Hey, Jeff, if I brought you a

614
00:27:44,000 --> 00:27:46,520
Speaker 2: million dollars this year, would you give me one hundred grand?

615
00:27:47,240 --> 00:27:48,200
Speaker 3: Yeah, of course you would.

616
00:27:48,640 --> 00:27:50,240
Speaker 2: And if I know sales and marketing like then I

617
00:27:50,280 --> 00:27:51,760
Speaker 2: could I could do that, right, So I kind of

618
00:27:51,760 --> 00:27:54,560
Speaker 2: think about it like that. All right, So now you

619
00:27:54,600 --> 00:27:56,960
Speaker 2: started a service based business that sort of helped people

620
00:27:57,040 --> 00:27:58,960
Speaker 2: realize the first part, which is we're in a debt

621
00:27:59,000 --> 00:28:01,960
Speaker 2: based monetary system and you can get access to capital.

622
00:28:02,040 --> 00:28:04,880
Speaker 2: So that's kind of helping people start generating well through capital.

623
00:28:06,280 --> 00:28:08,960
Speaker 2: And now you have the Now you have an algorithmic

624
00:28:09,000 --> 00:28:14,320
Speaker 2: trading system service whatever you call that. Let's talk about

625
00:28:14,400 --> 00:28:15,879
Speaker 2: SaaS a software. Let's talk about that.

626
00:28:15,960 --> 00:28:16,320
Speaker 3: Yeah.

627
00:28:16,800 --> 00:28:21,240
Speaker 1: Yeah, so we build successful trading strategies into softwares so

628
00:28:21,280 --> 00:28:23,600
Speaker 1: that a user. We mainly work with higher net worth

629
00:28:23,680 --> 00:28:26,720
Speaker 1: retail traders, so a user can come in. Is that

630
00:28:27,400 --> 00:28:27,880
Speaker 1: what do you mean?

631
00:28:28,119 --> 00:28:29,960
Speaker 2: What's a higher level retail trader?

632
00:28:30,080 --> 00:28:30,840
Speaker 3: Higher net worth?

633
00:28:31,160 --> 00:28:31,360
Speaker 2: Right?

634
00:28:31,520 --> 00:28:34,240
Speaker 1: So yeah, I mean, like their account size are typically

635
00:28:34,400 --> 00:28:36,800
Speaker 1: just bumping up into the six figure mark figures, so

636
00:28:36,800 --> 00:28:40,480
Speaker 1: they're typically yeah, they're maybe average, maybe they're worth around

637
00:28:40,560 --> 00:28:42,920
Speaker 1: five hundred to you know, a million bucks.

638
00:28:42,960 --> 00:28:44,560
Speaker 2: So they have about one hundred grand and they're that

639
00:28:44,600 --> 00:28:46,240
Speaker 2: they're investing with or trading with.

640
00:28:46,480 --> 00:28:50,400
Speaker 1: Yeah, exactly. So yeah, so what I realized I launched.

641
00:28:50,520 --> 00:28:53,480
Speaker 1: I launched a product in twenty twenty one. This is

642
00:28:53,480 --> 00:28:56,160
Speaker 1: the first trading product that I ever launched. Okay, so

643
00:28:56,400 --> 00:28:59,840
Speaker 1: I'm running my hedge fund for multiple years. People are

644
00:29:00,040 --> 00:29:02,080
Speaker 1: seeing the whole market blow up because I'm in the

645
00:29:02,120 --> 00:29:05,040
Speaker 1: crypto industry and I'm starting to share some of the

646
00:29:05,120 --> 00:29:07,240
Speaker 1: things that I'm doing online. I'm like, and people just

647
00:29:07,320 --> 00:29:10,400
Speaker 1: keep messaging asking. That's that's how you know. When consumers

648
00:29:10,480 --> 00:29:13,560
Speaker 1: ask for something and you're like, and they keep asking

649
00:29:13,600 --> 00:29:15,400
Speaker 1: over and over again, that's a sign that you should

650
00:29:15,400 --> 00:29:18,800
Speaker 1: deliver some type of product to them because they're looking

651
00:29:18,800 --> 00:29:21,280
Speaker 1: for value, but you haven't given the value that they're

652
00:29:21,280 --> 00:29:24,680
Speaker 1: looking for. So I just was like one night, I'm like,

653
00:29:24,720 --> 00:29:25,960
Speaker 1: you know, what's screwed. I'm just going to get a

654
00:29:26,000 --> 00:29:28,360
Speaker 1: payment link for one hundred and ninety seven dollars a

655
00:29:28,360 --> 00:29:30,280
Speaker 1: month and I'm just going to say, hey, I'm just

656
00:29:30,320 --> 00:29:32,640
Speaker 1: going to start sharing what I know and what i'm doing.

657
00:29:32,760 --> 00:29:35,520
Speaker 1: If you want to join, join here, launch it. And

658
00:29:35,560 --> 00:29:37,000
Speaker 1: I don't even know how much we did, but it

659
00:29:37,040 --> 00:29:39,800
Speaker 1: was a lot of sales at once. I mean definitely

660
00:29:39,840 --> 00:29:42,520
Speaker 1: tens of thousands right away. They had bumped up over

661
00:29:42,560 --> 00:29:44,280
Speaker 1: over one hundred thousand, and at the peak it was

662
00:29:44,320 --> 00:29:48,560
Speaker 1: like three three fifty a month recurring. So I'm like, wow,

663
00:29:48,600 --> 00:29:51,400
Speaker 1: there's something major here. But the problem is, when I'm

664
00:29:51,960 --> 00:29:55,000
Speaker 1: talking about a trade or an investment, you have to

665
00:29:55,040 --> 00:29:58,160
Speaker 1: be quick. And the problem is people follow me from

666
00:29:58,160 --> 00:30:00,760
Speaker 1: all around the world. So people are overse they're sleeping

667
00:30:00,800 --> 00:30:02,920
Speaker 1: there in a job, they're walking their dog. They can't

668
00:30:02,960 --> 00:30:05,560
Speaker 1: execute on it. So I'm like okay. So then it

669
00:30:05,680 --> 00:30:08,800
Speaker 1: kind of clicked into twenty twenty two. I'm like, well,

670
00:30:09,040 --> 00:30:12,200
Speaker 1: what if we actually instead of just be talking about

671
00:30:12,600 --> 00:30:15,240
Speaker 1: education piece what I'm doing when I'm trading, what if

672
00:30:15,240 --> 00:30:18,200
Speaker 1: we took away the biggest hurdle, which is people not

673
00:30:18,360 --> 00:30:20,760
Speaker 1: being able to, you know, number one, execute, They don't

674
00:30:20,760 --> 00:30:23,800
Speaker 1: have a successful trading plan, a strategy that's actually back

675
00:30:23,840 --> 00:30:26,080
Speaker 1: tested on data. And what if we built that into

676
00:30:26,120 --> 00:30:28,720
Speaker 1: a software that then allowed them to be able to

677
00:30:28,800 --> 00:30:30,960
Speaker 1: execute and not have to be staring at a screen

678
00:30:31,000 --> 00:30:33,600
Speaker 1: all day. So then we transitioned that into a software.

679
00:30:33,640 --> 00:30:36,000
Speaker 1: I launched a product. We had really great product market fit,

680
00:30:36,480 --> 00:30:38,280
Speaker 1: so I'm like, all right, We're going to launch this

681
00:30:38,400 --> 00:30:41,400
Speaker 1: brand and build this product just under this brand, so

682
00:30:41,440 --> 00:30:44,720
Speaker 1: we have really clear brand identity and yeah, just you know,

683
00:30:44,840 --> 00:30:45,800
Speaker 1: taken off since then.

684
00:30:45,960 --> 00:30:49,040
Speaker 2: Yeah, yeah, I love what you said there about when

685
00:30:49,080 --> 00:30:51,400
Speaker 2: the market's asking you for something, you have to deliver.

686
00:30:51,840 --> 00:30:56,680
Speaker 2: I started writing a cryptocurrency research newsletter in twenty sixteen,

687
00:30:57,440 --> 00:30:59,840
Speaker 2: and I had never written a newsletter before. I had

688
00:31:00,040 --> 00:31:01,920
Speaker 2: really having an intention of doing that. I had been

689
00:31:01,920 --> 00:31:07,040
Speaker 2: a subscriber to financial newsletters for fifteen years at that point,

690
00:31:07,080 --> 00:31:09,560
Speaker 2: so I knew the newsletter game. But I just started

691
00:31:09,560 --> 00:31:12,240
Speaker 2: talking about bitcoin. I started talking about the cryptocurrencies I

692
00:31:12,280 --> 00:31:14,400
Speaker 2: was in, and people started asking me. Back in twenty fifteen,

693
00:31:14,440 --> 00:31:16,760
Speaker 2: nobody was really talking about it, so like very quickly,

694
00:31:16,800 --> 00:31:18,719
Speaker 2: I kind of became the go to guy just friends

695
00:31:18,760 --> 00:31:21,560
Speaker 2: and you know, extended network. And then, like you said,

696
00:31:21,600 --> 00:31:23,200
Speaker 2: it was like, well, what are you buying? What's in

697
00:31:23,200 --> 00:31:26,320
Speaker 2: your portfolio? And I answered the same question so many times.

698
00:31:26,360 --> 00:31:28,440
Speaker 2: I was like, why don't I just make some videos

699
00:31:28,440 --> 00:31:29,800
Speaker 2: so they can just watch the video so I don't

700
00:31:29,800 --> 00:31:31,400
Speaker 2: have to listen to it, right, And then like, hey,

701
00:31:31,400 --> 00:31:33,160
Speaker 2: I'll just put my portfolio online. And then I was like,

702
00:31:34,440 --> 00:31:36,000
Speaker 2: you know what, why don't I just charge for it?

703
00:31:36,520 --> 00:31:39,080
Speaker 2: So then I started just my friends and friends and family.

704
00:31:39,080 --> 00:31:41,320
Speaker 2: I was like, hey, give me. I forget what the time.

705
00:31:41,360 --> 00:31:42,560
Speaker 2: I was like, I think it was a thousand bucks

706
00:31:42,600 --> 00:31:44,360
Speaker 2: or fifteen hundred bucks, And if you don't double your

707
00:31:44,400 --> 00:31:45,960
Speaker 2: money in a year, I'll give your money back because

708
00:31:45,960 --> 00:31:47,320
Speaker 2: I don't really need your money. I wasn't doing it

709
00:31:47,360 --> 00:31:48,840
Speaker 2: for a job at the time, but it was back

710
00:31:48,880 --> 00:31:52,640
Speaker 2: to just the demand demanded it, you know. And then

711
00:31:54,000 --> 00:31:56,400
Speaker 2: at the end of twenty seventeen and December twenty seventeen,

712
00:31:56,800 --> 00:32:01,680
Speaker 2: when Facebook and Google banned all crypto talk and advertisements

713
00:32:01,680 --> 00:32:04,479
Speaker 2: and all that, we had no way to sell. So

714
00:32:05,200 --> 00:32:07,040
Speaker 2: we but the market was telling it. At the time,

715
00:32:07,080 --> 00:32:10,320
Speaker 2: I was just writing research reports, but the market wanted

716
00:32:10,360 --> 00:32:12,600
Speaker 2: to like they wanted to trade. They wanted to trade it,

717
00:32:12,600 --> 00:32:14,640
Speaker 2: and I'm not necessarily a trader, so I brought on

718
00:32:14,760 --> 00:32:18,320
Speaker 2: a trader, my business partner at the time. And in

719
00:32:18,360 --> 00:32:22,360
Speaker 2: December twenty seventeen they banned advertising. We launched a brand

720
00:32:22,360 --> 00:32:25,520
Speaker 2: new YouTube channel, but we introduced the product that everybody wanted,

721
00:32:25,560 --> 00:32:28,400
Speaker 2: which was a day trading product, the Signals a signals thing,

722
00:32:28,880 --> 00:32:30,840
Speaker 2: and we broke the click funnels record. We did a

723
00:32:30,840 --> 00:32:33,040
Speaker 2: million dollars in twenty eight days. It was zero dollars

724
00:32:33,080 --> 00:32:36,280
Speaker 2: of ad spend. But because the market was asked, we

725
00:32:36,280 --> 00:32:40,280
Speaker 2: were talking about it. We were engaging our customer base.

726
00:32:40,400 --> 00:32:42,200
Speaker 2: We were listening, they were telling us what they wanted,

727
00:32:42,200 --> 00:32:44,960
Speaker 2: and we just delivered what they wanted. It's you know,

728
00:32:45,000 --> 00:32:47,080
Speaker 2: I was I was coaching some other entrepreneurs about how

729
00:32:47,120 --> 00:32:49,720
Speaker 2: to create content and generate leads and you know, stuff

730
00:32:49,760 --> 00:32:53,080
Speaker 2: like that we do. And the part they couldn't get past.

731
00:32:53,160 --> 00:32:54,400
Speaker 2: I kept tell them over and over them like, you're

732
00:32:54,440 --> 00:32:57,440
Speaker 2: not talking to enough people. You don't know what your

733
00:32:57,480 --> 00:33:01,000
Speaker 2: customers want. And it's a really big piece there.

734
00:33:01,000 --> 00:33:05,120
Speaker 1: One of the first offers that I launched, all I

735
00:33:05,160 --> 00:33:09,440
Speaker 1: did is I asked my followers what they want to learn.

736
00:33:09,480 --> 00:33:11,200
Speaker 1: I literally got a jot form, which is just a

737
00:33:11,240 --> 00:33:13,800
Speaker 1: software you can build questions, and I just said, hey,

738
00:33:14,160 --> 00:33:16,959
Speaker 1: what do you guys most value? Take the survey? And

739
00:33:17,120 --> 00:33:19,920
Speaker 1: I think I said, I'll pick you know, five people

740
00:33:19,920 --> 00:33:20,920
Speaker 1: and pay you one hundred.

741
00:33:20,720 --> 00:33:21,680
Speaker 3: Bucks or something like that.

742
00:33:21,880 --> 00:33:24,120
Speaker 1: So I just launched a survey and I found out

743
00:33:24,160 --> 00:33:26,600
Speaker 1: what they wanted, and I left open space for them

744
00:33:26,600 --> 00:33:28,760
Speaker 1: to write it instead of just a yes or no.

745
00:33:29,360 --> 00:33:32,080
Speaker 1: So then I would download all those keywords and then

746
00:33:32,080 --> 00:33:34,560
Speaker 1: I'd put it into a software that identifies, Okay, what

747
00:33:34,640 --> 00:33:37,800
Speaker 1: are the majority of the words that are matching between

748
00:33:37,800 --> 00:33:40,600
Speaker 1: all these responses, and then I would use those words

749
00:33:40,680 --> 00:33:43,320
Speaker 1: in the offer and obviously build the whole offer around

750
00:33:43,360 --> 00:33:46,360
Speaker 1: what they said. But then you use those those keywords

751
00:33:46,720 --> 00:33:49,320
Speaker 1: in the marketing piece so that it clicks with the consumers.

752
00:33:49,480 --> 00:33:51,840
Speaker 1: But if you're not doing that type of research, you're

753
00:33:51,880 --> 00:33:52,360
Speaker 1: not going to know.

754
00:33:52,960 --> 00:33:55,200
Speaker 2: I did something similar, but it was much harder for

755
00:33:55,240 --> 00:33:57,280
Speaker 2: me because I didn't have a list, so I didn't

756
00:33:57,280 --> 00:34:00,000
Speaker 2: have anybody at to ask that, and so I literally

757
00:34:00,080 --> 00:34:04,240
Speaker 2: really ran a Facebook ads campaign to an ask form,

758
00:34:04,600 --> 00:34:07,760
Speaker 2: so I spent I wanted to get a hundred responses.

759
00:34:07,840 --> 00:34:09,480
Speaker 2: I figured I needed at least one hundred to get

760
00:34:09,480 --> 00:34:11,799
Speaker 2: some sort of data. I forget how much. I spent,

761
00:34:12,000 --> 00:34:15,120
Speaker 2: five hundred bucks, probably something like that. And I literally

762
00:34:15,280 --> 00:34:17,839
Speaker 2: ran a paid ad to a form and said what

763
00:34:17,960 --> 00:34:20,359
Speaker 2: is your number one you know, question or number one

764
00:34:20,360 --> 00:34:23,200
Speaker 2: objection to I think investing in cryptocurrency or whatever it was.

765
00:34:23,440 --> 00:34:25,719
Speaker 2: And it was just a form, and I literally spent

766
00:34:25,719 --> 00:34:28,120
Speaker 2: the money to get the data, but whatever it was

767
00:34:28,120 --> 00:34:30,040
Speaker 2: five hundred bucks. Then I took that data and then

768
00:34:30,040 --> 00:34:31,759
Speaker 2: I was able to go launch the campaigns and it

769
00:34:31,760 --> 00:34:33,839
Speaker 2: worked really well. So that's a big piece. All right,

770
00:34:33,880 --> 00:34:37,000
Speaker 2: So we've talked about all this. So now you have

771
00:34:37,120 --> 00:34:39,399
Speaker 2: the help people build credit, which is an essential piece

772
00:34:39,400 --> 00:34:44,480
Speaker 2: to building wealth. You have the algorithmic trading service now,

773
00:34:44,560 --> 00:34:47,279
Speaker 2: so you're sort of democratizing access to like making money

774
00:34:47,320 --> 00:34:49,600
Speaker 2: for most people. And then you have the hedge fund,

775
00:34:49,600 --> 00:34:52,000
Speaker 2: which is I guess we even higher networth people that

776
00:34:52,200 --> 00:34:53,719
Speaker 2: just don't I don't want to deal with it, let

777
00:34:53,800 --> 00:34:57,440
Speaker 2: me just let you do it. So and then we

778
00:34:57,760 --> 00:35:01,160
Speaker 2: started talking about like you had your your your values,

779
00:35:01,160 --> 00:35:04,080
Speaker 2: but your vision board in your living your vision board,

780
00:35:04,120 --> 00:35:06,239
Speaker 2: So what is your vision for doing this? I mean,

781
00:35:06,239 --> 00:35:10,440
Speaker 2: you're democratizing access to capital, you're trying to help people

782
00:35:10,440 --> 00:35:13,120
Speaker 2: build wealth, and non traditional means you want to bring

783
00:35:13,520 --> 00:35:15,920
Speaker 2: a billion people into becoming millionaires.

784
00:35:17,000 --> 00:35:20,440
Speaker 1: Yeah, I mean the untraditional pieces exactly. You pretty much

785
00:35:20,520 --> 00:35:22,400
Speaker 1: hit the nail on the head. I've always been an

786
00:35:22,520 --> 00:35:25,200
Speaker 1: unconventional guy. I always liked the underdog. So when I

787
00:35:25,239 --> 00:35:27,400
Speaker 1: was also in traditional finance, I think that felt a

788
00:35:27,400 --> 00:35:28,080
Speaker 1: little bit off.

789
00:35:28,520 --> 00:35:30,120
Speaker 3: So I pretty much the.

790
00:35:30,040 --> 00:35:32,600
Speaker 1: Only thing that I invest in right now is alternative assets.

791
00:35:33,000 --> 00:35:36,279
Speaker 1: So everything that I do is around alternatives. I like

792
00:35:36,360 --> 00:35:39,480
Speaker 1: to be the underdog. And I like to help other

793
00:35:39,520 --> 00:35:42,880
Speaker 1: people get access to things that they typically wouldn't unless

794
00:35:42,880 --> 00:35:45,360
Speaker 1: you're you know, with Goldman Sachs, and you're worth twenty

795
00:35:45,400 --> 00:35:49,600
Speaker 1: million dollars, like, you're probably not even thinking about algorithms

796
00:35:49,719 --> 00:35:52,680
Speaker 1: and automation. But like people like I mentioned yesterday, they

797
00:35:52,800 --> 00:35:55,120
Speaker 1: use all this automation in their businesses with Zapier and

798
00:35:55,160 --> 00:35:57,359
Speaker 1: click funnels and AI and all this stuff, but they

799
00:35:57,400 --> 00:36:01,600
Speaker 1: don't even consider using that ever, and they're portfolio So yeah,

800
00:36:01,600 --> 00:36:04,919
Speaker 1: the main thing is democratizing the access to different types

801
00:36:04,960 --> 00:36:07,759
Speaker 1: of algorithmic trading. Our goal is to give them, you know,

802
00:36:07,800 --> 00:36:10,359
Speaker 1: in their investment portfolio. We're not advisors or anything. We're

803
00:36:10,400 --> 00:36:13,160
Speaker 1: a tech company, but I always talk about, hey, based

804
00:36:13,160 --> 00:36:16,279
Speaker 1: on your portfolio, you know, it's still considered a high

805
00:36:16,360 --> 00:36:20,800
Speaker 1: risk investment, okay, but withinside of your portfolio, based on everything,

806
00:36:20,800 --> 00:36:23,319
Speaker 1: you understand, what is the piece that you would want

807
00:36:23,360 --> 00:36:26,839
Speaker 1: to allocate to algorithmic trading. And then withinside of that piece,

808
00:36:26,880 --> 00:36:29,000
Speaker 1: we want to give them an option an array of

809
00:36:29,320 --> 00:36:32,560
Speaker 1: products so they can diversify that exposure.

810
00:36:32,040 --> 00:36:32,960
Speaker 3: In their portfolio.

811
00:36:33,400 --> 00:36:36,319
Speaker 1: So yeah, our main goal is right now, our main

812
00:36:36,600 --> 00:36:38,880
Speaker 1: goal is to help one hundred thousand people directly We

813
00:36:39,080 --> 00:36:42,200
Speaker 1: usually onboard like just over two hundred clients a month.

814
00:36:42,280 --> 00:36:46,480
Speaker 1: Right now we've got about I believe it's last time

815
00:36:46,840 --> 00:36:49,840
Speaker 1: in the low three thousands and as far as clients,

816
00:36:49,880 --> 00:36:50,560
Speaker 1: so we've got a.

817
00:36:50,600 --> 00:36:53,920
Speaker 3: Way to ways to go. But yeah, that's that's what

818
00:36:53,960 --> 00:36:54,359
Speaker 3: we are.

819
00:36:54,440 --> 00:36:57,160
Speaker 1: Our main mission is to is to reach and impact

820
00:36:57,160 --> 00:36:59,960
Speaker 1: one hundred thousand people directly through our products and then

821
00:37:00,040 --> 00:37:02,440
Speaker 1: build a great community so that people can network and

822
00:37:02,880 --> 00:37:05,239
Speaker 1: talk to each other and bounce ideas off of Oh

823
00:37:05,280 --> 00:37:07,920
Speaker 1: I'm using this broker, Oh I'm using this setting. How

824
00:37:07,960 --> 00:37:11,560
Speaker 1: does that change returns and volatility and drawdowns and things

825
00:37:11,640 --> 00:37:15,200
Speaker 1: like that. Yeah, so yeah, that's our main vision right now.

826
00:37:15,800 --> 00:37:17,880
Speaker 2: I love that. I love what you said about alternative assets,

827
00:37:17,920 --> 00:37:20,480
Speaker 2: and that's been my path as well. I've done it

828
00:37:20,560 --> 00:37:22,840
Speaker 2: unconventional and I've only invested in alternative assets. And the

829
00:37:22,880 --> 00:37:25,320
Speaker 2: reason why is because if we're going to play sports

830
00:37:25,360 --> 00:37:27,720
Speaker 2: or compete in anything, compete in business, competing in sports,

831
00:37:27,760 --> 00:37:29,719
Speaker 2: we need an edge. You know, if I was going

832
00:37:29,760 --> 00:37:31,680
Speaker 2: to play someone taller in basketball, I have to play

833
00:37:31,680 --> 00:37:33,680
Speaker 2: the game differently. I got to go under them or something,

834
00:37:33,760 --> 00:37:36,480
Speaker 2: have to be quicker or whatever. And there's just not

835
00:37:36,560 --> 00:37:39,000
Speaker 2: a lot of there's no edge in public equities really,

836
00:37:39,719 --> 00:37:42,640
Speaker 2: like high frequency traders in Wall Street, they have an edge, right,

837
00:37:42,719 --> 00:37:45,840
Speaker 2: Like people buying order books from Robinhood, they have an edge.

838
00:37:46,239 --> 00:37:48,120
Speaker 2: But you and I we don't, right. But in alternative

839
00:37:48,160 --> 00:37:49,799
Speaker 2: assets we do, right, We can have a little bit

840
00:37:49,800 --> 00:37:52,200
Speaker 2: of an edge there, I feel, And so I think

841
00:37:52,239 --> 00:37:54,239
Speaker 2: that's why I've liked to compete in that space a

842
00:37:54,239 --> 00:37:58,640
Speaker 2: little bit differently as you have as well. What do

843
00:37:58,680 --> 00:38:00,560
Speaker 2: you think about so you have a fine degree, you

844
00:38:00,560 --> 00:38:03,880
Speaker 2: worked at JP Morgan, the biggest bank in the United States,

845
00:38:05,760 --> 00:38:09,360
Speaker 2: what's your outlook on the market, asset prices in the market.

846
00:38:09,440 --> 00:38:12,840
Speaker 2: So there's I believe I don't think I believe it.

847
00:38:12,840 --> 00:38:15,000
Speaker 2: It's fact. I mean, the economy and the markets are

848
00:38:15,000 --> 00:38:19,759
Speaker 2: completely disconnected. We just saw Japan officially entered recession and

849
00:38:19,760 --> 00:38:23,160
Speaker 2: the Nikki index just made a new all time II. Yeah,

850
00:38:23,280 --> 00:38:25,920
Speaker 2: Europe just entered a recession and yet their indexes are

851
00:38:25,960 --> 00:38:27,920
Speaker 2: up at all time high, and the US is teeter

852
00:38:28,000 --> 00:38:30,400
Speaker 2: on the brink of a recession supposedly, and our indexes

853
00:38:30,400 --> 00:38:32,200
Speaker 2: are at all time high. So we saw in twenty

854
00:38:32,200 --> 00:38:34,600
Speaker 2: twenty the economy literally was shut down in markets made

855
00:38:34,880 --> 00:38:37,400
Speaker 2: So that's disconnected. So let's just put the economy on

856
00:38:37,440 --> 00:38:38,640
Speaker 2: the side of a here for a minute. But just

857
00:38:38,840 --> 00:38:42,360
Speaker 2: in terms of asset prices and markets, what are you

858
00:38:42,400 --> 00:38:43,840
Speaker 2: thinking for the next couple of years?

859
00:38:45,680 --> 00:38:48,200
Speaker 3: Well, which asset class are we talking about?

860
00:38:48,440 --> 00:38:48,920
Speaker 2: You tell me?

861
00:38:49,640 --> 00:38:55,080
Speaker 1: So, typically, if you understand markets, you understand that equities

862
00:38:55,120 --> 00:38:57,400
Speaker 1: will oftentimes go on really strong rallies for ten to

863
00:38:57,440 --> 00:38:59,919
Speaker 1: fifteen years, and they chopped sideways for ten to fifteen years.

864
00:39:00,080 --> 00:39:03,399
Speaker 1: Showed this chart yesterday, yep, for many, many decades.

865
00:39:03,040 --> 00:39:06,200
Speaker 2: Cyclical versus sorry, go ahead.

866
00:39:06,080 --> 00:39:09,600
Speaker 1: Yeah, So, so I believe that we're near a top

867
00:39:09,640 --> 00:39:12,919
Speaker 1: in the equity market, and then typically commodities rally when

868
00:39:13,040 --> 00:39:15,960
Speaker 1: when equities are going sideways. So I think that commodities

869
00:39:16,000 --> 00:39:19,120
Speaker 1: are the place to be, precious metals and bitcoin and crypto.

870
00:39:20,320 --> 00:39:23,080
Speaker 1: So I'm I'm positioned definitely that way. I don't have

871
00:39:23,280 --> 00:39:26,239
Speaker 1: much at all inequities, Like I said, I pretty much

872
00:39:26,239 --> 00:39:27,520
Speaker 1: only invest in alternatives.

873
00:39:27,880 --> 00:39:28,520
Speaker 3: So yeah, I think.

874
00:39:28,400 --> 00:39:30,640
Speaker 1: Commodities are going to do very well over the next

875
00:39:31,000 --> 00:39:34,640
Speaker 1: decade or so. It's hard to tell when we're potentially

876
00:39:34,719 --> 00:39:37,080
Speaker 1: going to see a sell off inequities, but I do

877
00:39:37,120 --> 00:39:39,319
Speaker 1: think the whole market is just propped up by a

878
00:39:39,320 --> 00:39:45,319
Speaker 1: few companies right now. Specifically video the market. It's saving everything. Yeah,

879
00:39:45,360 --> 00:39:48,360
Speaker 1: so I think that we're here's the thing. If we

880
00:39:48,440 --> 00:39:53,000
Speaker 1: didn't print forty more dollars during COVID, I would think

881
00:39:53,120 --> 00:39:56,000
Speaker 1: that we're going to have a much like we're due

882
00:39:56,000 --> 00:39:58,840
Speaker 1: for a massive crash. The X factor is all the

883
00:39:58,880 --> 00:40:02,279
Speaker 1: new liquidity that is sitting on the sidelines waiting for

884
00:40:02,360 --> 00:40:05,440
Speaker 1: a dip. So if we have the dip, because we

885
00:40:05,480 --> 00:40:07,759
Speaker 1: have so much more cash, the dip just may be

886
00:40:07,840 --> 00:40:10,319
Speaker 1: a lot more shallop or the correction or you know,

887
00:40:10,640 --> 00:40:14,160
Speaker 1: depending on maybe instead of coming down sixty percent, we

888
00:40:14,280 --> 00:40:18,200
Speaker 1: come down thirty forty percent. So that's the question that

889
00:40:18,239 --> 00:40:20,440
Speaker 1: I'm asking myself, which I don't think anyone actually has

890
00:40:20,440 --> 00:40:23,279
Speaker 1: the answer to because no one's experienced the amount of

891
00:40:23,680 --> 00:40:25,480
Speaker 1: you know, cash that just got.

892
00:40:26,280 --> 00:40:29,160
Speaker 2: MA brillion dollars sitting in money market accounts, right, yeah,

893
00:40:29,239 --> 00:40:29,880
Speaker 2: ready to pounce.

894
00:40:30,160 --> 00:40:32,960
Speaker 1: Yeah yeah, And you heard me yesterday over you know,

895
00:40:33,000 --> 00:40:35,520
Speaker 1: the last twenty three years, it's our money supplies up

896
00:40:35,520 --> 00:40:38,080
Speaker 1: over three hundred percent, it's almost it's close to four percent.

897
00:40:38,640 --> 00:40:40,400
Speaker 2: And so you're right, and I agree with that. So

898
00:40:40,520 --> 00:40:44,200
Speaker 2: that money printing, the deficit spending, the deficit spending. So

899
00:40:44,200 --> 00:40:46,000
Speaker 2: the Fed's trying to reduce the market. They're trying to

900
00:40:46,040 --> 00:40:47,520
Speaker 2: make you and eye brokes, we don't spend as much.

901
00:40:47,560 --> 00:40:49,960
Speaker 2: But the deficit the government is that the fiscal spending

902
00:40:50,040 --> 00:40:52,319
Speaker 2: is the problem and they can't control that. And you

903
00:40:52,400 --> 00:40:55,760
Speaker 2: showed charts yesterday in your presentation of the balance sheets

904
00:40:55,800 --> 00:40:58,919
Speaker 2: and the debt just going up at higher and higher rates,

905
00:40:58,960 --> 00:41:01,960
Speaker 2: almost like parabolic, and then you just said right now

906
00:41:02,000 --> 00:41:04,200
Speaker 2: that that's sort of what's been driving these asset prices

907
00:41:04,239 --> 00:41:06,480
Speaker 2: up to these astronomical levels. So then the question is

908
00:41:06,520 --> 00:41:08,440
Speaker 2: does that continue or does the government just all of

909
00:41:08,440 --> 00:41:10,280
Speaker 2: a sudden decide to spend fifty percent less money.

910
00:41:10,440 --> 00:41:13,279
Speaker 1: Yeah, well, what Mark, just what you just mentioned is,

911
00:41:13,880 --> 00:41:17,399
Speaker 1: you know yesterday, for over the last sixty years, the

912
00:41:17,440 --> 00:41:19,960
Speaker 1: market actually only did the S and P five hundred

913
00:41:19,960 --> 00:41:22,880
Speaker 1: only did a six x, but with inflation it did

914
00:41:22,920 --> 00:41:26,040
Speaker 1: a fifty one x. So yeah, everything's just being propped

915
00:41:26,080 --> 00:41:28,560
Speaker 1: up by by them, you know, printing money, and I

916
00:41:28,560 --> 00:41:30,760
Speaker 1: don't I don't see a reason why it would change

917
00:41:30,800 --> 00:41:33,360
Speaker 1: because they print more money by issuing more debt, but

918
00:41:33,360 --> 00:41:36,640
Speaker 1: they also do it to devalue the debt so that

919
00:41:36,719 --> 00:41:39,920
Speaker 1: they can you know, devalue they're what they're you know,

920
00:41:40,239 --> 00:41:44,239
Speaker 1: owed and then that allows them to pretty much just

921
00:41:44,320 --> 00:41:46,120
Speaker 1: keep printing more money and do infinity, and that's going

922
00:41:46,200 --> 00:41:48,200
Speaker 1: to cause a huge issue for people that don't understand.

923
00:41:48,200 --> 00:41:49,799
Speaker 1: That's why the poor middle class are going to get

924
00:41:49,880 --> 00:41:52,759
Speaker 1: much more poor and broke because they trade their time

925
00:41:52,800 --> 00:41:54,920
Speaker 1: for money and they don't invest their money right. And

926
00:41:54,960 --> 00:41:57,600
Speaker 1: then all the really wealthy people they understand, you have

927
00:41:57,640 --> 00:41:59,960
Speaker 1: to invest your money because if you're sitting in cap

928
00:42:00,000 --> 00:42:02,800
Speaker 1: I'm sure guaranteed to lose every long periods of time.

929
00:42:03,200 --> 00:42:05,800
Speaker 2: And the other thing is a lot of poor people

930
00:42:06,320 --> 00:42:08,319
Speaker 2: listen to the Dave Ramseys and they don't even listen

931
00:42:08,320 --> 00:42:10,480
Speaker 2: to Dave Ramsey. But Dave Ramseys don't use debt. Don't

932
00:42:10,520 --> 00:42:12,959
Speaker 2: use debt. Don't use debt. Don't use debt. My mentor

933
00:42:13,000 --> 00:42:15,239
Speaker 2: for twenty five years now, my good friend Robert Kiyosaki,

934
00:42:16,040 --> 00:42:18,440
Speaker 2: he said that most people should listen to Dave Ramsey

935
00:42:18,520 --> 00:42:20,200
Speaker 2: because they don't know how to use debt, so they

936
00:42:20,200 --> 00:42:22,160
Speaker 2: should probably not play with it. It's like a little

937
00:42:22,239 --> 00:42:24,399
Speaker 2: kid playing with fire. You and I we can light

938
00:42:24,520 --> 00:42:27,080
Speaker 2: fires in our fireplace and warm our house, but kids shouldn't.

939
00:42:27,400 --> 00:42:30,000
Speaker 2: And most people are like that with debt. But you

940
00:42:30,040 --> 00:42:31,840
Speaker 2: said yesterday in your presentation and I told you I

941
00:42:31,920 --> 00:42:34,880
Speaker 2: wrote it down, is that they are printing money to

942
00:42:34,960 --> 00:42:37,880
Speaker 2: inflate away the debt they be in the governments, but

943
00:42:37,920 --> 00:42:41,440
Speaker 2: they're also inflating away our debt. And so when you

944
00:42:41,560 --> 00:42:43,719
Speaker 2: understand that, it's like, well, if I can use debt

945
00:42:43,760 --> 00:42:46,759
Speaker 2: responsibly and they're going to continue to inflate away that

946
00:42:46,880 --> 00:42:49,640
Speaker 2: they're debt, they're also inflating away my debt, then maybe

947
00:42:49,640 --> 00:42:52,399
Speaker 2: I should learn how to play that game. So yeah,

948
00:42:52,440 --> 00:42:55,239
Speaker 2: my position is at this point, you know, it's the

949
00:42:55,320 --> 00:42:58,200
Speaker 2: Kensian multiplier they call it so Kenzian economics is that

950
00:42:58,239 --> 00:43:00,880
Speaker 2: they're using debt to get growth, so to try to

951
00:43:00,920 --> 00:43:03,799
Speaker 2: smooth over the dips, right, And the problem is that

952
00:43:03,840 --> 00:43:05,920
Speaker 2: once you get over ninety percent debt to GDP, you're

953
00:43:05,960 --> 00:43:08,319
Speaker 2: not getting enough growth for the debt you're taking on.

954
00:43:08,840 --> 00:43:10,399
Speaker 2: And now we're up at about one hundred and twenty

955
00:43:10,400 --> 00:43:13,560
Speaker 2: five percent to GDP, so we're getting forty cents of

956
00:43:13,800 --> 00:43:18,040
Speaker 2: growth for every one dollar of debt. It's called digging

957
00:43:18,080 --> 00:43:21,279
Speaker 2: yourself deeper in a hole. Yeah, and eventually it's twenty cents,

958
00:43:21,320 --> 00:43:23,160
Speaker 2: and then it's ten cents, and then it's no growth

959
00:43:23,160 --> 00:43:25,760
Speaker 2: for the debt. So it's a lot of diminishing returns.

960
00:43:25,800 --> 00:43:27,200
Speaker 2: I think we go out with a whimper, not with

961
00:43:27,239 --> 00:43:31,040
Speaker 2: a bang. We print until we can't print anymore.

962
00:43:31,600 --> 00:43:34,640
Speaker 1: And then you know, you and I will benefit because

963
00:43:34,640 --> 00:43:37,040
Speaker 1: we understand what's going on. And that's why you and

964
00:43:37,080 --> 00:43:39,759
Speaker 1: I both really agree on bitcoin. Yeah, because it's a

965
00:43:39,800 --> 00:43:43,080
Speaker 1: scarce asset in cyberspace. They're not we understand the monetary

966
00:43:43,080 --> 00:43:45,719
Speaker 1: policy over the next one hundred years. But people like

967
00:43:45,840 --> 00:43:49,400
Speaker 1: even was speaking yesterday, people are like, what's the having cycle.

968
00:43:49,520 --> 00:43:52,560
Speaker 1: What you know, if more people mind, is more bitcoin

969
00:43:52,640 --> 00:43:55,879
Speaker 1: get released and they don't understand how these things work.

970
00:43:55,920 --> 00:43:58,040
Speaker 1: And now, you know, with the ETF approvals, I think

971
00:43:58,040 --> 00:44:01,000
Speaker 1: more people are starting to realize what this whole bitcoin

972
00:44:01,160 --> 00:44:04,640
Speaker 1: thing is. Yeah and yeah, I mean the key is

973
00:44:04,680 --> 00:44:07,560
Speaker 1: to realize that, you know, we're earning our wealth and

974
00:44:07,640 --> 00:44:10,040
Speaker 1: something that is not scarce. In fact, it has an

975
00:44:10,120 --> 00:44:14,880
Speaker 1: infinite supply that we can't even predict what's even relatively

976
00:44:14,880 --> 00:44:16,560
Speaker 1: close to happening. We have no idea what's going to

977
00:44:16,560 --> 00:44:20,520
Speaker 1: happen with the monetary policy. But then you take that,

978
00:44:20,640 --> 00:44:22,200
Speaker 1: you take the cash that you earn, you work as

979
00:44:22,239 --> 00:44:24,160
Speaker 1: hard as you can to make as much as possible,

980
00:44:24,719 --> 00:44:26,920
Speaker 1: and then you move that into scarce assets and then

981
00:44:26,960 --> 00:44:29,239
Speaker 1: you're going to benefit from all this stuff that's you know,

982
00:44:29,360 --> 00:44:30,879
Speaker 1: growing at an ever growing rate.

983
00:44:30,920 --> 00:44:31,960
Speaker 3: That's quite worrisome.

984
00:44:32,760 --> 00:44:35,040
Speaker 2: Yesterday you showed a chart of the S and P

985
00:44:35,080 --> 00:44:37,759
Speaker 2: five hundred divided by the money supply. Yeah, and how

986
00:44:37,800 --> 00:44:40,640
Speaker 2: it hasn't made a new all time high since two thousand, right.

987
00:44:40,480 --> 00:44:42,920
Speaker 3: Yeah, the total total US stock market.

988
00:44:42,760 --> 00:44:45,080
Speaker 2: The totlesttock market. Yeah, not the SP five, but S

989
00:44:45,080 --> 00:44:46,640
Speaker 2: and P five hundred, same way. Sometimes I look at

990
00:44:46,640 --> 00:44:48,239
Speaker 2: the S and P five hundred divided by M two.

991
00:44:48,560 --> 00:44:52,080
Speaker 2: Sometimes I look at it divided by the CRB Commodity Index.

992
00:44:53,640 --> 00:44:56,200
Speaker 2: So you have to understand, you understand, but most people

993
00:44:56,239 --> 00:44:58,200
Speaker 2: have to understand that everything's a trade, and so there's

994
00:44:58,200 --> 00:45:00,799
Speaker 2: a nominator denominator, the dollars. It's on one half of

995
00:45:00,800 --> 00:45:02,600
Speaker 2: those trades. The problem is when we use the dollar

996
00:45:02,680 --> 00:45:06,120
Speaker 2: as our measuring stick. To your point, it's constantly being adjusted,

997
00:45:06,440 --> 00:45:08,759
Speaker 2: so we have this like faulty measuring, and so we

998
00:45:08,920 --> 00:45:11,200
Speaker 2: think that we've made more money. But when you actually

999
00:45:11,200 --> 00:45:12,799
Speaker 2: look at it and like does it get you more

1000
00:45:12,840 --> 00:45:15,880
Speaker 2: goods and services? You realize it doesn't. And so you

1001
00:45:15,880 --> 00:45:18,120
Speaker 2: can price S and P five hundred. You can price

1002
00:45:18,160 --> 00:45:20,600
Speaker 2: real estate. You can price whatever in oil. How many

1003
00:45:20,640 --> 00:45:22,360
Speaker 2: barrels of oil do I get? How many ounces of

1004
00:45:22,360 --> 00:45:27,120
Speaker 2: gold do I get? Et cetera. And when you price

1005
00:45:27,160 --> 00:45:30,440
Speaker 2: it in bitcoin, you see a completely different picture. As

1006
00:45:30,440 --> 00:45:32,560
Speaker 2: a matter of fact, I posted on my Instagram a

1007
00:45:32,560 --> 00:45:36,239
Speaker 2: couple of days ago fourteen currencies in around the world

1008
00:45:36,239 --> 00:45:39,000
Speaker 2: have now made new all time highs in bitcoin. And

1009
00:45:39,080 --> 00:45:40,960
Speaker 2: if you take that chart, which you can see bitcoin

1010
00:45:40,960 --> 00:45:42,960
Speaker 2: making a new all time high in the currency, if

1011
00:45:42,960 --> 00:45:45,680
Speaker 2: you flip that chart upside down, what you see is

1012
00:45:45,680 --> 00:45:49,480
Speaker 2: the currency is crashing yep, right, And so that's what

1013
00:45:49,520 --> 00:45:51,560
Speaker 2: we're seeing. So it's important to understand that I try

1014
00:45:51,600 --> 00:45:55,160
Speaker 2: to pound that table like you're purchasing power, Like am

1015
00:45:55,200 --> 00:45:57,480
Speaker 2: I getting more goods and services or less? And I

1016
00:45:57,560 --> 00:46:01,080
Speaker 2: think I did an interview with Booth a couple of

1017
00:46:01,080 --> 00:46:04,360
Speaker 2: weeks ago, and he talked about how it's something I

1018
00:46:04,440 --> 00:46:06,840
Speaker 2: talk about quite a bit. But you have like, we

1019
00:46:06,880 --> 00:46:10,239
Speaker 2: don't want money, what we want is goods and services.

1020
00:46:10,719 --> 00:46:12,960
Speaker 2: The money gets us the goods and services that we want,

1021
00:46:12,960 --> 00:46:15,879
Speaker 2: the houses, the travel, the cars, the food, etc. And

1022
00:46:16,360 --> 00:46:18,680
Speaker 2: Use I'll store my value in money and tell them

1023
00:46:18,680 --> 00:46:20,600
Speaker 2: ready to get the goods and services that I want.

1024
00:46:20,880 --> 00:46:23,320
Speaker 2: Which is why when they print more money, it pushes

1025
00:46:23,360 --> 00:46:25,000
Speaker 2: the price of the goods and services up because you

1026
00:46:25,080 --> 00:46:26,439
Speaker 2: take all the goods and service of the world, divide

1027
00:46:26,480 --> 00:46:29,319
Speaker 2: buy all the money in the world. So he was like,

1028
00:46:29,360 --> 00:46:33,240
Speaker 2: if you take he believes, and I think I agree

1029
00:46:33,239 --> 00:46:36,320
Speaker 2: with him. Eventually, and this could be fifty years from now,

1030
00:46:37,120 --> 00:46:39,880
Speaker 2: I think bitcoin will be a unit of account. I

1031
00:46:39,880 --> 00:46:42,520
Speaker 2: think it will emerge to that level at that point.

1032
00:46:42,600 --> 00:46:44,719
Speaker 2: You take the wealth of the world, the assets of

1033
00:46:44,719 --> 00:46:50,680
Speaker 2: the world nine hundred trillion, divided by twenty one million nine,

1034
00:46:50,719 --> 00:46:55,680
Speaker 2: it's forty six billion. Now, to put this into perspective,

1035
00:46:55,719 --> 00:46:57,320
Speaker 2: this isn't it crazy. So like there's a lot of

1036
00:46:57,320 --> 00:46:59,680
Speaker 2: people like Jim Rickards or whatever talk about how we

1037
00:46:59,680 --> 00:47:02,400
Speaker 2: were going to go back to the gold standard. I

1038
00:47:02,440 --> 00:47:04,840
Speaker 2: think that we may try that because there's no like

1039
00:47:04,880 --> 00:47:06,960
Speaker 2: FIA currencies are done, and the only way they could

1040
00:47:06,960 --> 00:47:08,799
Speaker 2: ever get any kind of trust back into FIAT is

1041
00:47:08,800 --> 00:47:11,200
Speaker 2: to try to back it with something, which is why

1042
00:47:11,200 --> 00:47:12,960
Speaker 2: we see central banks buying more gold than any time

1043
00:47:12,960 --> 00:47:14,719
Speaker 2: in the world right now. So they may try to

1044
00:47:14,719 --> 00:47:16,319
Speaker 2: go back to the gold standard, But how would that work.

1045
00:47:16,880 --> 00:47:19,880
Speaker 2: We would take all the currency of the world divided

1046
00:47:19,920 --> 00:47:21,359
Speaker 2: by all the gold in the world, and that would

1047
00:47:21,400 --> 00:47:26,000
Speaker 2: give gold a new valuation. That's how it works right now.

1048
00:47:26,120 --> 00:47:29,160
Speaker 2: If one of these bricks nations with one hundred billion

1049
00:47:29,200 --> 00:47:31,279
Speaker 2: dollars says, I'm not going to buy treasuries anymore. I

1050
00:47:31,280 --> 00:47:34,120
Speaker 2: want to buy gold. You can't go buy one hundred

1051
00:47:34,160 --> 00:47:37,760
Speaker 2: billion in gold. There's not enough gold at the current price,

1052
00:47:37,840 --> 00:47:39,640
Speaker 2: right So the price of gold would have to come

1053
00:47:39,680 --> 00:47:42,040
Speaker 2: up in order for there to be enough. So you're

1054
00:47:42,040 --> 00:47:45,040
Speaker 2: basically taking the currency divided by the gold. But if

1055
00:47:45,080 --> 00:47:46,440
Speaker 2: we think about it, like I said Jef Booth, we're

1056
00:47:46,440 --> 00:47:48,320
Speaker 2: talking about nine hundred trillion in wealth divided by the

1057
00:47:48,360 --> 00:47:52,280
Speaker 2: twenty one million. It's pretty amazing. That's pretty good ratio.

1058
00:47:52,360 --> 00:47:54,759
Speaker 2: It's a good ratio. So we'll see, we'll see. The

1059
00:47:54,800 --> 00:47:58,680
Speaker 2: future's not guaranteed. But understanding these types of concepts, understanding

1060
00:47:58,840 --> 00:48:02,920
Speaker 2: price and value, Understanding that money is just one of

1061
00:48:03,040 --> 00:48:07,360
Speaker 2: many measuring tools. These are all pieces that we started

1062
00:48:07,360 --> 00:48:09,800
Speaker 2: talking about that you need to continue to educate yourself

1063
00:48:09,800 --> 00:48:12,480
Speaker 2: on if you want to succeed and get out of

1064
00:48:12,480 --> 00:48:14,880
Speaker 2: the traditional kind of path that we're on, the traditional

1065
00:48:14,920 --> 00:48:17,839
Speaker 2: path of go to school, get a good job. We're

1066
00:48:17,880 --> 00:48:19,680
Speaker 2: going to keep a goal for forty years save for

1067
00:48:19,800 --> 00:48:21,960
Speaker 2: retirement and money that's losing value.

1068
00:48:22,360 --> 00:48:23,960
Speaker 3: Good, get a pension that's not going to be there.

1069
00:48:24,080 --> 00:48:25,359
Speaker 2: Get a pension that's not going to be there.

1070
00:48:25,440 --> 00:48:27,880
Speaker 1: Yeah, And I think the important thing is to realize

1071
00:48:28,400 --> 00:48:31,160
Speaker 1: what you just mentioned. It's like, we're still out a

1072
00:48:31,239 --> 00:48:34,919
Speaker 1: place where there's asymmetric returns and bitcoin and potentially other

1073
00:48:35,360 --> 00:48:40,000
Speaker 1: valuable assets. But the thing is people don't understand what

1074
00:48:40,160 --> 00:48:44,480
Speaker 1: asymmetric even means, and they don't understand asset allocation. So

1075
00:48:44,600 --> 00:48:47,240
Speaker 1: for me and you, maybe we're convicted, right, we believe

1076
00:48:47,239 --> 00:48:49,920
Speaker 1: in what we're investing in, so maybe our allocation to

1077
00:48:50,760 --> 00:48:52,080
Speaker 1: bitcoin is a lot higher.

1078
00:48:51,920 --> 00:48:52,880
Speaker 3: Than other people.

1079
00:48:53,280 --> 00:48:56,640
Speaker 1: But then you look at people that don't really understand it.

1080
00:48:56,760 --> 00:48:59,440
Speaker 1: Even if you don't understand it to some extent and

1081
00:48:59,480 --> 00:49:02,600
Speaker 1: you understand the basics and fundamentals of it, it could

1082
00:49:02,640 --> 00:49:05,040
Speaker 1: just be an insurance policy in a hedge against what

1083
00:49:05,080 --> 00:49:07,160
Speaker 1: we're saying. Yeah, what if it is the nine hundred

1084
00:49:07,200 --> 00:49:11,240
Speaker 1: trillion divided by twenty one million bitcoin, that's obviously massive,

1085
00:49:11,280 --> 00:49:15,000
Speaker 1: that's that would be life changing. So risking one to

1086
00:49:15,040 --> 00:49:18,600
Speaker 1: three percent of your portfolio typically would make sense because

1087
00:49:18,640 --> 00:49:21,279
Speaker 1: you've got an asymmetric upside and a limited downside because

1088
00:49:21,320 --> 00:49:22,759
Speaker 1: the worst thing that happens is you lose one to

1089
00:49:22,800 --> 00:49:25,560
Speaker 1: three percent. And there's a lot of studies that actually

1090
00:49:25,600 --> 00:49:29,680
Speaker 1: show in a traditional portfolio sixty percent equities forty percent bonds.

1091
00:49:29,960 --> 00:49:32,680
Speaker 1: If you put in actually the optimal level that was done.

1092
00:49:33,160 --> 00:49:34,799
Speaker 1: I don't want to say it's by bit Wise, but

1093
00:49:34,840 --> 00:49:37,840
Speaker 1: it's two different companies have done this exact study and

1094
00:49:37,880 --> 00:49:40,600
Speaker 1: they came around to the same pretty much thesis is

1095
00:49:40,640 --> 00:49:44,239
Speaker 1: that at a at a three to five percent allocation

1096
00:49:44,320 --> 00:49:48,120
Speaker 1: to bitcoin, it will drop the volatility of the portfolio

1097
00:49:48,440 --> 00:49:51,640
Speaker 1: and double their return from I believe this study was

1098
00:49:51,680 --> 00:49:56,959
Speaker 1: from twenty fourteen, you know, projecting about nine years into

1099
00:49:56,960 --> 00:49:59,560
Speaker 1: the future. So just just a three to five percent

1100
00:49:59,760 --> 00:50:05,080
Speaker 1: out lo cation can decrease the volatility and significantly increase

1101
00:50:05,120 --> 00:50:05,680
Speaker 1: the returns.

1102
00:50:05,760 --> 00:50:09,560
Speaker 2: Yeah, yeah, I think you know. I tell people I

1103
00:50:09,719 --> 00:50:11,799
Speaker 2: like to say that the risk is not in the investor,

1104
00:50:12,200 --> 00:50:16,000
Speaker 2: it's in the investment. So if I took somebody from

1105
00:50:16,040 --> 00:50:18,680
Speaker 2: Kansas to Hawaii to pipeline where the waves were thirty

1106
00:50:18,680 --> 00:50:20,200
Speaker 2: feet and I said, hey, let me take you out

1107
00:50:20,200 --> 00:50:22,759
Speaker 2: in the water, they'd probably drowned. But yet there's one

1108
00:50:22,800 --> 00:50:25,799
Speaker 2: hundred people out there playing in the waves. Yeah, right,

1109
00:50:25,840 --> 00:50:27,720
Speaker 2: And so That's what I mean the risk being investment.

1110
00:50:27,760 --> 00:50:29,359
Speaker 2: So I typically tell people like, if you say, hey,

1111
00:50:29,400 --> 00:50:31,160
Speaker 2: what's the best ass I should buy, It's like, if

1112
00:50:31,160 --> 00:50:33,359
Speaker 2: you don't know, you probably shouldn't buy it. Yeah, because

1113
00:50:33,360 --> 00:50:33,960
Speaker 2: there's too much risk.

1114
00:50:34,080 --> 00:50:35,320
Speaker 3: Yeah, you totally.

1115
00:50:35,360 --> 00:50:38,160
Speaker 1: If you don't understand anything about why you're buying something,

1116
00:50:38,480 --> 00:50:40,279
Speaker 1: guess what you do? You buy the top and you

1117
00:50:40,280 --> 00:50:43,920
Speaker 1: sell the bottom. Yeah, So go roller coaster, Go listen to.

1118
00:50:44,200 --> 00:50:46,400
Speaker 2: Your Yeah, go get some go get some education in that.

1119
00:50:46,520 --> 00:50:48,839
Speaker 2: But I wanted to ask you one last question. We'll

1120
00:50:48,840 --> 00:50:51,120
Speaker 2: wrap this up. You know, so now that you've been

1121
00:50:51,120 --> 00:50:52,800
Speaker 2: doing this for many years, you have the hedge fund,

1122
00:50:54,160 --> 00:50:56,360
Speaker 2: we're talking about bitcoin and talking about the Bitcoin ETFs.

1123
00:50:56,719 --> 00:51:00,120
Speaker 2: So in technology, there's something called the diffusion of innovation,

1124
00:51:00,440 --> 00:51:02,919
Speaker 2: and it's like a bell curve and a bell curve,

1125
00:51:02,960 --> 00:51:04,560
Speaker 2: and you've seen it. It's like, in the beginning, you

1126
00:51:04,600 --> 00:51:07,319
Speaker 2: have about seven percent adoption, which is the innovators, the

1127
00:51:07,320 --> 00:51:09,520
Speaker 2: people that developed it. Then you have what's called the

1128
00:51:09,520 --> 00:51:11,520
Speaker 2: true believers that come in. I get through about fifteen

1129
00:51:11,520 --> 00:51:14,360
Speaker 2: percent adoption. Then you have the chasm. Then you have

1130
00:51:14,400 --> 00:51:17,280
Speaker 2: the early majority and the late majority, and the chasm

1131
00:51:17,400 --> 00:51:20,360
Speaker 2: is there because something has to change. In the mindset

1132
00:51:20,400 --> 00:51:24,440
Speaker 2: in the psychology in order for the early majority to join,

1133
00:51:24,600 --> 00:51:27,480
Speaker 2: like the true believers and the innovators. And so something

1134
00:51:27,560 --> 00:51:30,840
Speaker 2: had in any technology, whether it's the Internet, the iPhone,

1135
00:51:31,640 --> 00:51:34,400
Speaker 2: you name it, right, and the car the car is

1136
00:51:34,440 --> 00:51:37,359
Speaker 2: too dangerous, No it's not. But then eventually something changed

1137
00:51:37,360 --> 00:51:39,040
Speaker 2: in the mindset where like, Okay, I guess I'll get

1138
00:51:39,040 --> 00:51:43,480
Speaker 2: a car, and getting over that chasm is important. And

1139
00:51:43,480 --> 00:51:46,360
Speaker 2: a lot of people I thought that bitcoin is ridiculous,

1140
00:51:46,400 --> 00:51:48,520
Speaker 2: it's magic internet money. I can't trust it, I can't whatever.

1141
00:51:48,560 --> 00:51:51,680
Speaker 2: But when the largest asset manager in the world, like

1142
00:51:51,719 --> 00:51:55,400
Speaker 2: Blackrock is now running a bitcoin etf and Larry Fink,

1143
00:51:56,000 --> 00:51:59,080
Speaker 2: the headset goes on TV and says that people are

1144
00:51:59,080 --> 00:52:02,200
Speaker 2: going to bitcoin for a safe haven, like that starts

1145
00:52:02,200 --> 00:52:05,319
Speaker 2: to change the mindset. That's changes psychology. And what we're

1146
00:52:05,320 --> 00:52:09,160
Speaker 2: seeing now about fifty percent of investments are actually passively managed.

1147
00:52:10,320 --> 00:52:13,080
Speaker 2: People's four one k's, you know, et cetera. And those

1148
00:52:13,120 --> 00:52:17,320
Speaker 2: asset managers are adding bitcoin allocations without the investors even knowing.

1149
00:52:17,680 --> 00:52:19,399
Speaker 2: So now people are owning bitcoin and they don't even

1150
00:52:19,480 --> 00:52:19,680
Speaker 2: know it.

1151
00:52:19,760 --> 00:52:21,680
Speaker 1: Yeah, they're doing their one to three percent thing I

1152
00:52:21,719 --> 00:52:24,440
Speaker 1: just mentioned. Yeah, like Fidelity's doing that right now, right.

1153
00:52:24,760 --> 00:52:27,160
Speaker 2: And the question I was going to ask is that,

1154
00:52:27,480 --> 00:52:30,080
Speaker 2: you know, I think this is going to cross the chasm.

1155
00:52:30,120 --> 00:52:32,120
Speaker 2: It's going to legitimize it, you know, over the next

1156
00:52:32,160 --> 00:52:34,480
Speaker 2: couple of years. And I'm just curious, One would you

1157
00:52:34,480 --> 00:52:36,600
Speaker 2: agree with that? And two are you already seeing that?

1158
00:52:36,640 --> 00:52:38,200
Speaker 2: Like over the last couple of years, Like, have you

1159
00:52:38,239 --> 00:52:41,000
Speaker 2: seen the appetite in the public change, you know, people's

1160
00:52:41,239 --> 00:52:44,000
Speaker 2: even maybe just curiosity to it or more knowledge of it.

1161
00:52:45,000 --> 00:52:47,360
Speaker 1: Yeah, I think we're on the verge of that adoption.

1162
00:52:47,480 --> 00:52:50,160
Speaker 1: I have been saying this for many years because I've

1163
00:52:50,200 --> 00:52:53,200
Speaker 1: seen this wave that's coming. I bought bitcoin in twenty thirteen,

1164
00:52:53,239 --> 00:52:54,360
Speaker 1: actually when I was in college.

1165
00:52:54,400 --> 00:52:55,040
Speaker 2: Oh, you're ahead of me.

1166
00:52:55,600 --> 00:52:57,600
Speaker 1: And then I sold it, you know, a couple within

1167
00:52:57,640 --> 00:53:00,279
Speaker 1: the next year and a half, and then and you know,

1168
00:53:00,360 --> 00:53:02,520
Speaker 1: we went into a deeper bear market. I remember sitting

1169
00:53:02,560 --> 00:53:06,120
Speaker 1: down with a financial advisor in twenty fifteen and saying, like,

1170
00:53:06,320 --> 00:53:08,000
Speaker 1: why don't you have some of your clients maybe just

1171
00:53:08,040 --> 00:53:10,000
Speaker 1: get a little bit of exposure to this, Like what

1172
00:53:10,000 --> 00:53:12,719
Speaker 1: what are your thoughts? Oh, no, it's scam, It's only

1173
00:53:12,800 --> 00:53:15,439
Speaker 1: used for this and that. And then you know, I'm

1174
00:53:15,440 --> 00:53:17,239
Speaker 1: like a couple of years go by. Then I started

1175
00:53:17,239 --> 00:53:20,080
Speaker 1: to get heavily back and involved in twenty seventeen when

1176
00:53:20,080 --> 00:53:21,920
Speaker 1: I was at JP Morgan and then that's why I

1177
00:53:22,000 --> 00:53:24,040
Speaker 1: launched my fund around it, because I've been watching this

1178
00:53:24,120 --> 00:53:26,400
Speaker 1: industry grow. But this is the you know, I've been

1179
00:53:26,400 --> 00:53:28,200
Speaker 1: saying this for a while. This is the first time

1180
00:53:28,239 --> 00:53:31,880
Speaker 1: that retail could front run institutions. Yeah, like this, you

1181
00:53:32,400 --> 00:53:35,360
Speaker 1: typically can never do that. Also, it's very rare that

1182
00:53:35,440 --> 00:53:38,560
Speaker 1: an asset class just comes out of nowhere, Like, how

1183
00:53:38,719 --> 00:53:40,520
Speaker 1: could you ask your dad when the last time that

1184
00:53:40,840 --> 00:53:43,160
Speaker 1: an asset class just popped out of nowhere and gave

1185
00:53:43,200 --> 00:53:46,920
Speaker 1: you the oil nineteen hundred? Yeah, to invest in it before?

1186
00:53:47,360 --> 00:53:50,360
Speaker 1: You know, these these firms with trillions and trillions of dollars.

1187
00:53:50,640 --> 00:53:55,600
Speaker 1: So it's happening right now, But I don't know, there's

1188
00:53:55,600 --> 00:53:58,200
Speaker 1: still a lot of skepticism. I think it's something that's

1189
00:53:58,239 --> 00:54:02,040
Speaker 1: going to slowly take place, and I guess it depends, like,

1190
00:54:02,239 --> 00:54:04,480
Speaker 1: at what point do you consider that it's bitcoin out

1191
00:54:04,520 --> 00:54:07,280
Speaker 1: a five trillion market caps at a ten trillion market cap.

1192
00:54:07,440 --> 00:54:08,360
Speaker 3: Have made it?

1193
00:54:08,360 --> 00:54:09,680
Speaker 2: It's different for everybody, you know.

1194
00:54:09,840 --> 00:54:12,000
Speaker 1: Yeah, when I you know, if I were to think,

1195
00:54:12,280 --> 00:54:14,360
Speaker 1: when is it going to go to a ten trillion

1196
00:54:14,440 --> 00:54:16,759
Speaker 1: market cap. I think it's I don't know, maybe a

1197
00:54:16,800 --> 00:54:20,080
Speaker 1: decade away or so. But it's hard to predict. Obviously,

1198
00:54:20,160 --> 00:54:23,080
Speaker 1: it's it's impossible to predict. But I just know that,

1199
00:54:23,120 --> 00:54:26,440
Speaker 1: you know, I'm a longer term investor, so I'm going

1200
00:54:26,480 --> 00:54:28,200
Speaker 1: to place capital where I believe is going to grow

1201
00:54:28,280 --> 00:54:31,359
Speaker 1: over long periods of time. And I think that we're

1202
00:54:31,600 --> 00:54:34,120
Speaker 1: we're in a serious wave that has a lot of momentum,

1203
00:54:34,160 --> 00:54:36,799
Speaker 1: But I don't know that we've we've eclipsed that. I think,

1204
00:54:36,960 --> 00:54:39,320
Speaker 1: like you said, all these firms that just launched, that

1205
00:54:39,480 --> 00:54:43,640
Speaker 1: those ETFs, that brings huge legitimacy to the to the industry.

1206
00:54:44,280 --> 00:54:46,880
Speaker 1: But I do think that we've got like another couple

1207
00:54:46,920 --> 00:54:49,840
Speaker 1: of years for people to realize like, Okay, the ETF

1208
00:54:49,920 --> 00:54:52,920
Speaker 1: is not going away, and actually all these firms are

1209
00:54:52,960 --> 00:54:56,160
Speaker 1: putting one, two, three percent of four oh one k's

1210
00:54:56,239 --> 00:54:59,440
Speaker 1: and iras and all these other pensions and things like that.

1211
00:54:59,520 --> 00:55:02,960
Speaker 1: So that's the big time money that is starting to

1212
00:55:02,960 --> 00:55:04,719
Speaker 1: come in. And I think we've got a couple more

1213
00:55:04,800 --> 00:55:08,840
Speaker 1: years until people are like fully accepted, Yeah, what do

1214
00:55:08,920 --> 00:55:09,239
Speaker 1: you think?

1215
00:55:11,520 --> 00:55:15,240
Speaker 2: First, let's talk about what Fidelity thinks they've mining bitcoins

1216
00:55:15,239 --> 00:55:18,520
Speaker 2: since they've been mining Bigwin since twenty fourteen. They have

1217
00:55:18,600 --> 00:55:21,319
Speaker 2: I think the second largest ETF right now, behind black Rock.

1218
00:55:22,600 --> 00:55:24,120
Speaker 2: So they're on it right, They've been on it for

1219
00:55:24,160 --> 00:55:30,560
Speaker 2: a long time. They're bitcoin analysts. Timmer, what's his name, man,

1220
00:55:30,560 --> 00:55:32,480
Speaker 2: I'm down a black on his name right now. They

1221
00:55:32,480 --> 00:55:34,520
Speaker 2: put out a lot of reports, a lot of data

1222
00:55:34,560 --> 00:55:39,880
Speaker 2: on bitcoin. They say by twenty thirty eight it would

1223
00:55:39,880 --> 00:55:41,560
Speaker 2: be a billion dollars per bitcoin.

1224
00:55:43,160 --> 00:55:44,839
Speaker 3: A billion would be.

1225
00:55:44,840 --> 00:55:47,520
Speaker 2: But I want everyone to understand that a billion dollars

1226
00:55:47,640 --> 00:55:51,000
Speaker 2: is worth nothing. At that point in Zimbabwe, everybody became

1227
00:55:51,000 --> 00:55:53,239
Speaker 2: a billionaire exactly, and it was three hundred and fifty

1228
00:55:53,239 --> 00:55:57,200
Speaker 2: billion for one egg. So a home thirty years ago

1229
00:55:57,280 --> 00:56:00,600
Speaker 2: was forty thousand. Today it's six seven hundred thousand, I

1230
00:56:00,640 --> 00:56:05,200
Speaker 2: mean right, So in thirty forty years from now, a

1231
00:56:05,200 --> 00:56:07,920
Speaker 2: billion dollars is like a million dollars kind of thing.

1232
00:56:08,760 --> 00:56:12,359
Speaker 2: So that's their guidance. I think a million dollars by

1233
00:56:12,360 --> 00:56:14,279
Speaker 2: the end of the decade, which is six years from now,

1234
00:56:14,880 --> 00:56:17,560
Speaker 2: So that's a twenty x yep. I don't see any

1235
00:56:17,600 --> 00:56:18,719
Speaker 2: other asset that has that potent.

1236
00:56:18,800 --> 00:56:21,000
Speaker 3: I said that about two years ago.

1237
00:56:21,239 --> 00:56:25,680
Speaker 1: I was on another podcast, My Buddy's Revy and I said, yeah,

1238
00:56:25,760 --> 00:56:30,680
Speaker 1: probably towards twenty thirty. I think somewhere right around eight

1239
00:56:30,800 --> 00:56:33,400
Speaker 1: hundred to a million bucks is somewhat realistic.

1240
00:56:33,520 --> 00:56:35,160
Speaker 2: When you go back to it again, the charts you

1241
00:56:35,239 --> 00:56:37,880
Speaker 2: use yesterday and the rate of money supply growth, like

1242
00:56:37,880 --> 00:56:40,480
Speaker 2: I said, those trend lines, they just keep going up

1243
00:56:40,560 --> 00:56:43,359
Speaker 2: like this, which means inflation is just accelerating. And when

1244
00:56:43,360 --> 00:56:46,479
Speaker 2: you understand back to the Kensian multiplier, that the growth

1245
00:56:46,480 --> 00:56:48,440
Speaker 2: we're getting from the debt continues to diminish, that means

1246
00:56:48,440 --> 00:56:50,480
Speaker 2: we need more and more of it, which means inflation

1247
00:56:50,640 --> 00:56:54,600
Speaker 2: ramps up right, and inflation compounds. Because you talked about yesterday,

1248
00:56:54,600 --> 00:56:55,960
Speaker 2: you asked the crowd, do you know the difference of

1249
00:56:55,960 --> 00:56:59,080
Speaker 2: inflation and disinflation? Most people don't really understand that. So

1250
00:56:59,320 --> 00:57:01,200
Speaker 2: when inflation it goes from nine percent to four percent,

1251
00:57:01,280 --> 00:57:03,399
Speaker 2: it's still going up, it's just going slower, but it's

1252
00:57:03,480 --> 00:57:05,640
Speaker 2: adding on top of the nine percent that we had

1253
00:57:05,680 --> 00:57:08,360
Speaker 2: just got. So you have to understand that it compounds,

1254
00:57:08,360 --> 00:57:11,200
Speaker 2: and compounding means it goes faster, faster, faster, And so

1255
00:57:11,760 --> 00:57:14,600
Speaker 2: you know, I think you know I asked you the question.

1256
00:57:14,680 --> 00:57:17,560
Speaker 2: But to answer the question, I think asset prices broadly

1257
00:57:18,080 --> 00:57:21,280
Speaker 2: real estate is up fifty percent in three years from now,

1258
00:57:22,360 --> 00:57:24,240
Speaker 2: and by the end of the decade, it's probably up

1259
00:57:24,280 --> 00:57:26,760
Speaker 2: one hundred and fifty percent from now. Yeah, and so

1260
00:57:27,080 --> 00:57:29,320
Speaker 2: again like, yeah, it's a million dollars, but a million

1261
00:57:29,320 --> 00:57:32,240
Speaker 2: dollars is going to buy you a condo and not

1262
00:57:32,320 --> 00:57:32,840
Speaker 2: in Miami.

1263
00:57:33,000 --> 00:57:35,120
Speaker 3: And that's why that's definitely not in Miami.

1264
00:57:35,400 --> 00:57:37,160
Speaker 1: And that's the thing that was what I talked about

1265
00:57:37,240 --> 00:57:40,680
Speaker 1: yesterday is even if you take the lowest conservative number

1266
00:57:41,000 --> 00:57:44,240
Speaker 1: of the increase of money supply over the last you know,

1267
00:57:44,280 --> 00:57:48,600
Speaker 1: twenty three years, it's fifteen percent a year, but compounded

1268
00:57:48,640 --> 00:57:50,960
Speaker 1: it's six point five to three percent a year. Right,

1269
00:57:51,120 --> 00:57:53,880
Speaker 1: So in any of your investments, if you're not outperforming

1270
00:57:53,920 --> 00:57:56,480
Speaker 1: six point five to three percent a year, like in

1271
00:57:56,560 --> 00:57:58,720
Speaker 1: your whole life policy where you have a guaranteed four

1272
00:57:58,720 --> 00:58:02,000
Speaker 1: percent your bond where you're you're yielding four percent. Yeah,

1273
00:58:02,080 --> 00:58:04,320
Speaker 1: you got a CD that's given you two percent, all

1274
00:58:04,440 --> 00:58:08,320
Speaker 1: that is going. And here's my thesis is when people

1275
00:58:08,440 --> 00:58:11,440
Speaker 1: figure this out that the inflation rates actually a lot

1276
00:58:11,520 --> 00:58:15,120
Speaker 1: higher than what people believe from the CPI, what are

1277
00:58:15,120 --> 00:58:17,240
Speaker 1: they going to do with all those investments that have

1278
00:58:17,600 --> 00:58:19,840
Speaker 1: massive trillions and trillions of dollars in them that are

1279
00:58:19,880 --> 00:58:22,880
Speaker 1: yielding at these low rates. They're going to sell those investments.

1280
00:58:23,120 --> 00:58:25,240
Speaker 1: That's going to increase the velocity of money, and they're

1281
00:58:25,240 --> 00:58:27,200
Speaker 1: going to go buy something like bitcoin that has a

1282
00:58:27,240 --> 00:58:29,600
Speaker 1: compounded annual growth rate of over fifty percent over the

1283
00:58:29,680 --> 00:58:33,040
Speaker 1: last four years. So I think that's going to further

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00:58:33,120 --> 00:58:37,920
Speaker 1: increase the amount of inflation and then further increased asset prices.

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00:58:38,600 --> 00:58:41,480
Speaker 2: It's what Ludwig von Misis calls the crack up boom.

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00:58:41,600 --> 00:58:45,000
Speaker 2: And he says, and then suddenly people realize that inflation

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00:58:45,240 --> 00:58:49,000
Speaker 2: is both permanent and intentional. Yeah, which is what we're

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00:58:49,000 --> 00:58:51,560
Speaker 2: seeing today. So to your point, when they realize this,

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Speaker 2: when they realize inflation's permanent, the government keeps saying, oh,

1290
00:58:54,440 --> 00:58:57,320
Speaker 2: two percent, two percent and intentional, permanent, and then they're

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Speaker 2: going to try to change exchange that money for acid.

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Speaker 2: That's as fast as they can. It's the crack up boom,

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Speaker 2: and that's kind of where we're at. That's why even

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00:59:04,120 --> 00:59:06,800
Speaker 2: though the recessions coming in, the markets are crashing, people

1295
00:59:06,800 --> 00:59:09,840
Speaker 2: aren't selling. People realize that. I think that's a good

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00:59:09,840 --> 00:59:14,080
Speaker 2: place to end it. Jeff, You hope people establish build credit.

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Speaker 2: You got the algorithmic investment platform and the fund. Shout

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00:59:18,120 --> 00:59:20,200
Speaker 2: those out real quick, we'll link those in the show notes.

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Speaker 1: Yeah, so the credit companies, zero percent dot Com, the

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00:59:23,440 --> 00:59:27,360
Speaker 1: algorithmic companies Nerve dot Com, and then our hedge funds,

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00:59:27,440 --> 00:59:28,040
Speaker 1: Orchid Capital.

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Speaker 2: Cool, we're gonna link that the show notes down below,

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Speaker 2: and cool. Thanks so much, Jeff, appreciate it absolutely, Thank you, Mark,