Speaker 1: How do you build wealth as an immigrant and turn
Speaker 1: it into multi eight figures? How do you start from
Speaker 1: zero coming from another country in just a.
Speaker 2: Short period of time.
Speaker 1: And that is the topic of the conversation I am
Speaker 1: having today in this interview with no other than Luke belmhar.
Speaker 1: He's somebody that will change the way you think about
Speaker 1: money completely, how you build wealth. He's young, He's very young,
Speaker 1: but he's very accomplished. He's turned the Internet and the
Speaker 1: media world completely upside down, receiving over half a billion
Speaker 1: views per month, talking about how to build, multiply and.
Speaker 2: Preserve your wealth in this new digital age. He came
Speaker 2: to the.
Speaker 1: US from Argentine at sixteen years old with only two
Speaker 1: hundred dollars in his pocket.
Speaker 2: He hustled, He grinded his way to a multi.
Speaker 1: Eight figure net work through digital marketing, E commerce and investing,
Speaker 1: and now helps others do the exact same thing through
Speaker 1: his new group called the Capitol Club. I had the
Speaker 1: pleasure of speaking there a few months ago. In this interview,
Speaker 1: we get into a lot of topics you need to build, grow,
Speaker 1: and protect your wealth. We talk about things like how
Speaker 1: did he build wealth after coming from nothing?
Speaker 3: With it but at the age of sixteen, two hundred
Speaker 3: dollars in a suitcase.
Speaker 1: My I asked him about how someone else wanted to
Speaker 1: follow the same path that he went on.
Speaker 2: We'd go about making money like he did.
Speaker 3: How can you make money in the beginning, arbitrage, sales,
Speaker 3: anything that you can get your hands on.
Speaker 1: We talked about making money. We talked about how do
Speaker 1: we multiply. We've talked about the investments. I asked him
Speaker 1: how did he forty x his investments in crypto and
Speaker 1: what did he do next?
Speaker 3: So out of crypto, rotate the tech stocks. It only
Speaker 3: made sense under undervalued, Meta, undervalued Shopify, which are the
Speaker 3: only two stocks that I truly knew because I run
Speaker 3: Facebook guys and I run Shopify, So I understand the
Speaker 3: Q four reports of Facebook, and I understand the Q
Speaker 3: four reports of Shopify undervalue.
Speaker 1: I wanted to know what his views were on what
Speaker 1: people should be focusing on to be more successful.
Speaker 3: I spent twenty years getting good at business. Now I
Speaker 3: need to spend the next twenty years and that was
Speaker 3: yet productive.
Speaker 1: And then we talked about how coming from a country
Speaker 1: like Argentina shaped his view on money.
Speaker 3: Crazy part is people need to understand that the money
Speaker 3: system isn't just just an accounting system, it's it's a
Speaker 3: tool of power.
Speaker 1: We got into what he thinks about the new president Argentina,
Speaker 1: what he sees as the future of technology, business and investing.
Speaker 2: We started out talking.
Speaker 1: About building community, providing value, and so much more. This
Speaker 1: is a banger interview. You definitely want to get a
Speaker 1: pen a paper out. You want to get ready for
Speaker 1: a masterclass on starting from zero and building an empire.
Speaker 1: So let's go, all right, Luke Bellmaran the myth maybe
Speaker 1: about to be the legend.
Speaker 3: You're the legend, bro. Now you're you're you're definitely I'm
Speaker 3: here in your studio.
Speaker 1: Yeah, you're definitely the man in the myth though, the
Speaker 1: guy behind the curtain. I love the I love the
Speaker 1: scarcity that you do, where like you know, when you
Speaker 1: first started hitting me up, I'm like, I don't even
Speaker 1: know this guy is. I go look at your Instagram,
Speaker 1: there's like nothing there. I look at your YouTube's like
Speaker 1: there's no videos there, Like who is this guy? You
Speaker 1: do everything very with with scarcity in the mindset. So
Speaker 1: we're talking about right now, we'll just jump right into it.
Speaker 1: We're talking about your community that you run, and talking
Speaker 1: about how you limit that and create this scarcity for
Speaker 1: the community, And you're talking about how, basically twenty five
Speaker 1: hundred people per day get an invite to join, only
Speaker 1: three hundred sixy nine people of the twenty five hundred
Speaker 1: actually get in.
Speaker 3: Correct, they don't.
Speaker 1: If they don't win the race, they're out and they're
Speaker 1: out for good. So you don't want to give them
Speaker 1: another chance to get back in, even though that's certainly
Speaker 1: hurting your bottom line. They miss their chance, they miss
Speaker 1: their chance, and that's it. Because the value extends beyond
Speaker 1: the money. It has to You have to build a
Speaker 1: community beyond a financial metric. Right, So if you want
Speaker 1: to build a loyal following, and if you want to
Speaker 1: have a community that fucks with you, you have to
Speaker 1: put them through things that challenge them.
Speaker 3: You can't just hand over everything for free. You can't
Speaker 3: just make everything easy and comfortable, because if you don't pay,
Speaker 3: you don't pay attention, right, And if you get everything
Speaker 3: for free, you're not going to valuate. And if you
Speaker 3: see me all the time, then you're going to be
Speaker 3: can think I'm normal. So familiarity breeds contempt. The less
Speaker 3: you see me the better. So I limit my content,
Speaker 3: but I maximize my distribution. So I figure out what
Speaker 3: is like a Facebook a winning Facebook ad? You can
Speaker 3: match that same thing with the concept of content creation.
Speaker 3: So you have a winning piece of content. Perfect that
Speaker 3: video gets a million views, that's a winning piece of content.
Speaker 3: You've proven the thesis does. Are you only going to
Speaker 3: limit that video to one million views? Are you going
Speaker 3: to repurpose that video ten thousand times? So in twenty
Speaker 3: twenty three, we posted almost one hundred thousand videos. Wow.
Speaker 3: And that is the difference between me and everybody else
Speaker 3: is with the one hundred thousand videos, I don't have
Speaker 3: to focus on sending emails. I don't have to focus
Speaker 3: on giving people a second chance because there's always new
Speaker 3: inflow of individuals that are willing to actually go through
Speaker 3: the three hundred and sixty nine process and sign up
Speaker 3: before everybody else and join the community and become part
Speaker 3: of Capitol Club.
Speaker 2: All right, hopefully you're enjoying this interview with Luke.
Speaker 1: I got to take a very quick break, real quick
Speaker 1: to tell you that I am hosting a live event
Speaker 1: where I'm going to show you how to seize the
Speaker 1: upside of the FEDS, you turn, grow your investments in
Speaker 1: twenty twenty four and sidestep market volatility.
Speaker 2: I'm going to break down about twenty or thirty charts.
Speaker 1: You can see the actual data, see exactly what you
Speaker 1: should be doing, when you should be watching, and so
Speaker 1: much more. I'm going to be not only showing you
Speaker 1: the information, I'm going to be taking all your questions live.
Speaker 2: So join me, come hang out live. Let's get through
Speaker 2: this data. Ask me all the questions you have.
Speaker 1: Let's plan to get through this together so we can
Speaker 1: all be on the winning side of this. All right,
Speaker 1: let's just jump right back into the interview with Luke.
Speaker 1: If you think about email, email is a way one.
Speaker 1: It's a way to own your list, right, so you
Speaker 1: talk about rent the list versus own the list, So
Speaker 1: it is a way to own the list. If you
Speaker 1: were to get canceled on all the platforms, do you
Speaker 1: have no email list, which is the problem. But it's
Speaker 1: also a way to nurture the list. And so basically
Speaker 1: you're saying, forget nurturing on email, I'm just going to
Speaker 1: continue to nurture them online. Yes, one percent, And you
Speaker 1: nurture them through short forms. So our long form is
Speaker 1: when they know what you're about. Short forms, when they
Speaker 1: know that you exist. So in short form, they know
Speaker 1: that you exist. And then the continuous repetition of email
Speaker 1: is what for you to be in front of people.
Speaker 1: But that doesn't mean you have to be in front
Speaker 1: of people via email all the time. So the question
Speaker 1: is what do you use the email communication for. I
Speaker 1: began perceiving email completely different than any other digital marketers
Speaker 1: ever talked about email. So I consider myself. Let's say
Speaker 1: I have my own kingdom. Right back in the day,
Speaker 1: two thousand years ago, Alexander the Great conquered all of
Speaker 1: the known world. Lukey great, not quite, but he clearly
Speaker 1: didn't have the ability, the access, or the time to
Speaker 1: go to every single governor, every single point of his
Speaker 1: empire and proclaim his message. He had to send what.
Speaker 3: Messengers, in this case emails, But what were they talking about?
Speaker 3: The word of the king? Whatever he wanted to transmit,
Speaker 3: it wasn't the messenger cooking up a message via email
Speaker 3: marketing with a nice slogan on behalf of the king.
Speaker 3: So every email that comes comes from me, I sit down,
Speaker 3: I write it, whether it's on my phone, whether it's
Speaker 3: on my notes, and I send it to my team.
Speaker 3: So the authenticity level that's attached the email, I don't
Speaker 3: see it as email marketing. I see it as a
Speaker 3: one on one communication with another individual. That's why my
Speaker 3: email open rates with a quarter million follower list is
Speaker 3: sixty eight percent.
Speaker 1: Now let's talk about I want I want to jump
Speaker 1: back to the beginning, but I want to hammer this
Speaker 1: point home. So that's cool for you, great job, Like
Speaker 1: you can not let anybody in fifteen percent of the
Speaker 1: amount of people in. What about people that don't have
Speaker 1: that many people? I mean, how would you apply that
Speaker 1: to something where you know you're trying.
Speaker 3: To get fifty people to join? First, you need to
Speaker 3: ask yourself is what I'm building or who I am
Speaker 3: worth following or worth investing in? And it's a candid
Speaker 3: conversation because you are in the marketplace where there's competitors.
Speaker 3: There's people that are phenomenal, there's people that are excellent.
Speaker 3: I mean you're in the finance space. You understand your competitors.
Speaker 3: There's dudes out there that are extremely intelligent, really competent.
Speaker 3: So you have to get to par be legit in
Speaker 3: order to compete at that level. So I think initially,
Speaker 3: before even conversing about building a following, it's are you
Speaker 3: worth following? Right? So the reason you have so many
Speaker 3: followers on YouTube is because your content is fucking phenomenal.
Speaker 3: The reason I reached out to you is because I
Speaker 3: saw your bis world structure and I'm like, oh, financial structure. Okay,
Speaker 3: this guy's quite intelligent. Now I know what he's about.
Speaker 3: Let me go reach out to him. And that's because
Speaker 3: you had substance. Most people are out here doing bullshit
Speaker 3: stuff online. They have no substance, so they're not worth following.
Speaker 3: So first ask yourself, do I have a product worth
Speaker 3: selling that people want? And am I somebody worth following?
Speaker 3: If the answers know, then ask yourself who do I
Speaker 3: have to become in order to become worth following. You
Speaker 3: went through the fucking trenches. You went through oh wait, implosion,
Speaker 3: you went through all the bullshit, you sold companies, you
Speaker 3: listed companies like, you've done the whole nine. So now
Speaker 3: you're in a situation whereby you actually have credibility in
Speaker 3: street credit, validity to do what to actually be in
Speaker 3: a situation whereby you can coach, you can teach, you
Speaker 3: can build communities. You're worth listening to other people aren't
Speaker 3: so I think before getting to that stage of hey,
Speaker 3: why don't people listen to me, ask yourself, am I
Speaker 3: worth listening to? And if the answer is yes, now
Speaker 3: you need to start creating content. Content around what, content
Speaker 3: around what you know? Become passionate about it and understand
Speaker 3: that there's people that are there with you. And then
Speaker 3: when it comes to how much content you need to produce,
Speaker 3: I take a completely different approach than Gary b. Garybe says,
Speaker 3: create content content content, no, no, no, create limited amount of
Speaker 3: content that is high quality, no to convert and distribute
Speaker 3: that to everybody that knows who or knows this niche
Speaker 3: or this community. And if they don't know who you are,
Speaker 3: they will. And it's a very different approach, a very
Speaker 3: different format because instead of doing this shotgun approach a
Speaker 3: million pieces of content, I'll take one winning piece of
Speaker 3: content and distribute it to ensure that hundreds of millions
Speaker 3: of people see it. If I know it converts, I
Speaker 3: love that.
Speaker 1: It's I know you worked with Andrew Tate and it's
Speaker 1: sort of the message Entertate has about getting girls become
Speaker 1: the kind of guy that a girl wants like, don't
Speaker 1: just be mad about it. And so you're kind of
Speaker 1: saying the same thing about your content, like become the
Speaker 1: kind of person that somebody would be interested in. I
Speaker 1: remember when I I think right around when I was
Speaker 1: twenty or so, I just had this idea I need
Speaker 1: to travel the world. And the reason why I wanted
Speaker 1: to travel the world is I wanted to have a
Speaker 1: bunch of stories because I wanted to be interesting. And
Speaker 1: now I've spent I travel a couple months a year.
Speaker 1: I've been doing that for decades now, and so it's
Speaker 1: like but at that time, it was like I need
Speaker 1: to go have experiences so I have things to talk about,
Speaker 1: and so buzz this deals that you do all of
Speaker 1: those things. So it plays in what about when you
Speaker 1: talk about the content the Gary V. So Gary V's like,
Speaker 1: don't create document, just document what you're doing and not like, hey,
Speaker 1: here's what I'm eating, but more like the lessons that
Speaker 1: you're learning along the way is kind of what I
Speaker 1: picked up from it. But you're talking about like creating content,
Speaker 1: but you create content across a pretty wide niche or
Speaker 1: not a niche, but really a wide group of subjects,
Speaker 1: everything from stoicism to crypto to creating content to whatever.
Speaker 1: What do you think about starting niche down? Niche your
Speaker 1: face off if you will. Then riches are in the
Speaker 1: niches versus like being so broad like you are.
Speaker 3: So it depends on it depends on the niche that
Speaker 3: you pick, and it depends on your objective. So, for example,
Speaker 3: my umbrella approach is very simply everything's aligned. So if
Speaker 3: you look at the people that are usually involved in stoicism,
Speaker 3: they're also involved in the understanding of entrepreneurship or they
Speaker 3: want sovereignty. So now the understanding of crypto and bitcoin
Speaker 3: could tie into the idea of this autonomy. And then
Speaker 3: bitcoin tinns into the concept of principles of being your
Speaker 3: own merchant, managing your own money. That ties into okay,
Speaker 3: now I have freedom of money. Maybe I want freedom
Speaker 3: of employment. So now you begin to talk about that,
Speaker 3: and now okay, well social media, who how can I
Speaker 3: make money online? So what I try to create isn't
Speaker 3: individual niches that are viewed individually. I try to create
Speaker 3: a garden. So I create a garden for the community.
Speaker 3: And how I view my community is very different to
Speaker 3: how most people view it. Most people view the community
Speaker 3: as a place where they're going to make money. So
Speaker 3: how I view if it was a if my Internet
Speaker 3: exposure was like a small little empire in the real world,
Speaker 3: I would consider capital club or my community like the
Speaker 3: Nile River. You don't take from the Nile River. The
Speaker 3: Nile River exists. Your goals to preserve it. You build
Speaker 3: your empire around the Nile River. So what are the
Speaker 3: businesses that you're building around the community while nurturing and
Speaker 3: sustaining the community. Most people fuck up the community. Most
Speaker 3: people poison the river, most people destroy it instead of
Speaker 3: building around it. So I have my beautiful community, great people,
Speaker 3: top of the top. Now how can I empower them?
Speaker 3: So empowering them through different experience, different events, different content
Speaker 3: that I understand because I'm very similar to my audience
Speaker 3: what I want, So I only talk about the shit
Speaker 3: that I enjoy because I know we have, for example,
Speaker 3: similar interests. We could sit down talk about stoicism, bitcoin,
Speaker 3: crypto and entrepreneurship and that's it, and it's within our
Speaker 3: niche and our range. So I try to become really
Speaker 3: good at what I like and then share those things
Speaker 3: to people that are similar to me. And it just
Speaker 3: happens to be that my audience and my choice of
Speaker 3: enjoyment is large enough, and it's becoming the future, like
Speaker 3: e commerce and crypto, it's only going to get bigger,
Speaker 3: and we just happened to be at the cusp of it.
Speaker 3: So it works.
Speaker 1: I love what you said about not taking from the
Speaker 1: now river just building around it, and so I can
Speaker 1: tell you know, the first experience I had was at
Speaker 1: your Mastermind in Spain last year, and you've really built
Speaker 1: this community of giving more than you're taking. So you
Speaker 1: use the word empower, and that's the ultimate we're trying
Speaker 1: to do. And you're trying to like really think about
Speaker 1: how can I cultivate or another relationship. And it's an
Speaker 1: old sales message, which is if I help other people
Speaker 1: get what they want. I think it was theigziglar. If
Speaker 1: I help people get what they want, I get what
Speaker 1: I want. And so you're kind of creating this system
Speaker 1: that empower people to get what they want and then
Speaker 1: ultimately then you can get what you want around it.
Speaker 1: And it's a long game, and I think most people,
Speaker 1: let me get your comment on this, I think most
Speaker 1: people can't play the long game. The majority of people,
Speaker 1: I think are held back because they can't imagine working
Speaker 1: for free. They can't imagine working for free. They're used
Speaker 1: to a paycheck. Well, if someone's not gonna pay me
Speaker 1: every hour, I'm not gonna go do it. And so
Speaker 1: how am I gonna go work for months, months, or
Speaker 1: even years without getting paid, hopefully to get it in
Speaker 1: the end.
Speaker 3: I don't know what your thought is on that. So
Speaker 3: you know what I was talking about with Andrew on
Speaker 3: the tesla coming over here in the car, and I
Speaker 3: was like, imagine you're in year two hundred of the
Speaker 3: four hundred year of Israeli slavery inside the Egyptian kind
Speaker 3: of empire, where you have the story of Moses, or
Speaker 3: you can even take when Israel gets captured and taken
Speaker 3: into exile to Babylon, you have the story of Daniel.
Speaker 3: What happens if you're born in year two hundred and
Speaker 3: twenty seven of that slavery? No context of freedom, You
Speaker 3: have no understanding of what it means to be autonomous.
Speaker 3: You have no reference point of working for yourself, You
Speaker 3: have no reference point of making your own mind, you
Speaker 3: have no reference point of sovereign currency. Because you're under
Speaker 3: the thumb up your oppressor. People don't seem to understand
Speaker 3: that that's where we are today. You're two hundred and
Speaker 3: something years into an ecosystem that's been curated and designed
Speaker 3: for slavery. So when you understand that you're one hundred
Speaker 3: and something years into the syop, you begin to ask yourself,
Speaker 3: why does it take ten years twelve years in order
Speaker 3: for me to buy a house cash? That sounds kind
Speaker 3: of slavish when a couple of years ago I just
Speaker 3: would have to work two three years, and before that
Speaker 3: it would take a couple months. What the fuck is
Speaker 3: a thirty year mortgage? Now they're trying to come up
Speaker 3: with fifty year mortgages. So I begin to evaluate all
Speaker 3: these scenarios and I ask myself, where the fuck are
Speaker 3: we going in the future. So to get it's not
Speaker 3: so much an opinionated thing. It's more so I like
Speaker 3: to observe things pragmatically and see them play out. What
Speaker 3: I was saying is, do you do you think that holds?
Speaker 3: You're taking a very long term approach.
Speaker 1: Okay, I'm going to preserve the nile and I'm not
Speaker 1: going to take from it, But I know if I
Speaker 1: build around then and help people get what I want,
Speaker 1: eventually I'll get what I want, and I was saying,
Speaker 1: I think most people are held back by the fact
Speaker 1: that they can't imagine working for free.
Speaker 3: Yes, correct, So back to the point. So if you're
Speaker 3: in year one seventy six of slavery and all you
Speaker 3: know is that you're going to work and in return
Speaker 3: you're going to get a paycheck, then that's the default
Speaker 3: mindset that you're going to hold. No labor is going
Speaker 3: to be put forth unless you're able to see a reward,
Speaker 3: and most people can't see a reward in front of
Speaker 3: their like if it's right here, they don't see the
Speaker 3: dollar sign right here, they're not going to do it.
Speaker 3: They're risk adverse. They don't understand that they have truly
Speaker 3: nothing to lose, but they're not willing to take any risk.
Speaker 3: So I think the big discrepancy as to why individuals
Speaker 3: aren't willing to take the risk, or why individuals are
Speaker 3: in a situation where they have this kind of potentially
Speaker 3: slave mindset, to me, has to do with nurture, how
Speaker 3: they grow up, the school system, how they're educated, and overall,
Speaker 3: I think is a cultural experience of hundreds and hundreds
Speaker 3: of years of systematized cheating that's been done on people
Speaker 3: to extort them for their time, their energy, and their effort.
Speaker 3: If you look at how the FIAT system was created,
Speaker 3: it wasn't created to empower people. It's created to steal
Speaker 3: from people. So if you begin to realize that this
Speaker 3: is kind of like a slavery model that's imposed on everybody,
Speaker 3: you can kind of shake away from it, or at
Speaker 3: least observe it from a third party perspective, it may
Speaker 3: be beneficial.
Speaker 1: Let's jump back to the beginning of Luke Belmar. So
Speaker 1: from what I know from your story, you're some poor
Speaker 1: little kid from Argentina that came to the United States
Speaker 1: with a hundred bucks in your pocket.
Speaker 3: Two hundred bucks.
Speaker 1: You know, a lot of what we become is from
Speaker 1: where we came from, and so a lot of that
Speaker 1: is cultural, educational. And I mean today, right now in
Speaker 1: the United States, we're seeing millions of people coming up
Speaker 1: from Venezuela and Argentina and South America coming up and
Speaker 1: I don't think they have the same mindset as you.
Speaker 1: So I'm curious what was that, Like why did you
Speaker 1: come up here? And how did you over two hundred bucks?
Speaker 1: And like how did that work out?
Speaker 3: Yeah, so age of sixteen, I graduate from high school. Thankfully,
Speaker 3: my parents put me in an English speaking school. It
Speaker 3: costs three hundred dollars a year, so I was able
Speaker 3: to learn not the colloquialisms and the specificities of English.
Speaker 3: I think I adopted this. I've also been in America
Speaker 3: for over a decade at this point in twenty eight
Speaker 3: and arrived when I was sixteen, so I was able
Speaker 3: to learn the language and get quite eloquent with it.
Speaker 3: But at the age of sixteen, two hundred dollars in
Speaker 3: a suitcase my parents got me, well, they didn't get
Speaker 3: me a flight. One of my family members I was
Speaker 3: actually working for the airline, Argentina Airline, and I was
Speaker 3: able to get a flight attendant spot. So wherever the
Speaker 3: flight attendant seat I think I think in Spanish is
Speaker 3: called the yam seats there or something like that. I
Speaker 3: don't know what it's called, but that's where I sat.
Speaker 3: And then add family members in the US stayed with them,
Speaker 3: worked all sort of odd jobs, pressure washing basketball courts,
Speaker 3: cleaning toilets, flipping wings, flipping pizzas, and then in the
Speaker 3: year two thousand, end of fifteen twenty sixteen, my first
Speaker 3: exposure to anything digital was. I had a fellow server
Speaker 3: and I was working a restaurant twenty fifteen, and he
Speaker 3: was like, hey, have you heard a bitcoin? That was
Speaker 3: the first boat. Remember that was the first kind of
Speaker 3: the fifteen sixteen it was That's when I got in.
Speaker 3: It was it was peaking. I was like, this is expensive.
Speaker 3: I don't know what this is. Bitcoin is a couple
Speaker 3: hundred bucks. I couldn't really afford it, but you know what,
Speaker 3: let me take a couple dollars and put them on bitstamp.
Speaker 3: But I wasn't really part of crypto. But that was
Speaker 3: my first exposure to anything Internet twenty sixteen came around,
Speaker 3: got exposed to everything that was e commerce. I said, hey,
Speaker 3: I'm going to go live with my brother two hundred
Speaker 3: dollars a month. That's what I paid him for rent,
Speaker 3: sleep on his couch, and I built my first online business,
Speaker 3: which was selling and reselling online digital assets. What was
Speaker 3: Instagram pages? Building those accounts, selling them? It was Facebook
Speaker 3: ads for a different nights.
Speaker 1: How did you figure out that you want to buy
Speaker 1: and sell Instagram accounts?
Speaker 3: Because people were willing to do it. So, for example,
Speaker 3: people would hit me up and they would did you
Speaker 3: have like a friend that was doing it, so you're
Speaker 3: like everybody was doing it. This was when this was
Speaker 3: the craze of the meme pages back in the day.
Speaker 3: It was when the meme pages were going crazy. So
Speaker 3: people build up a niche of a meme page and
Speaker 3: then they would grab an e commerce store, run some
Speaker 3: Instagram story ads to it, Boom milk it, go to
Speaker 3: another page. What I would do is just build up
Speaker 3: the pages a little bit and then sell the pages
Speaker 3: to e comm guys, or build people's pages, sell them
Speaker 3: to them, flip Instagram user names, anything that could do hustle,
Speaker 3: make money online, so on that.
Speaker 1: In that regard, I think a lot of people are
Speaker 1: caught up today and I got to find my passion.
Speaker 3: I don't know if this is what I want to do?
Speaker 3: Is this what I was made for? And it's like, dude,
Speaker 3: sometimes you got to how much money is there in
Speaker 3: digital arbitrage? It's insane, No, I get it.
Speaker 1: But the point I'm making is I think so many
Speaker 1: people are paralyzed within activity because they don't know what
Speaker 1: they want to do. And I'm guessing, and you tell
Speaker 1: me if I'm wrong, But I'm guessing. This wasn't like
Speaker 1: your dream calling in life, it was like, hey, there's
Speaker 1: an opportunity.
Speaker 3: Confucius at once said if you do not economize, you
Speaker 3: will agonize, So it's very true. People are like, oh,
Speaker 3: I need to be a business owner. No, you don't
Speaker 3: need to be a business owner to make money. You
Speaker 3: just need to make money, right, Becoming a business owner
Speaker 3: is high risk. You're the last one to get paid
Speaker 3: byther like you're the last ever. Everybody gets paid here,
Speaker 3: whether the business works are not. The video editor is
Speaker 3: still getting paid. Everybody's getting paid, but we're not. So
Speaker 3: how can you make money in the beginning? Arbitrage sales,
Speaker 3: anything that you can get your hands on.
Speaker 1: So you just saw an opportunity, like, hey, I see
Speaker 1: people doing this. I'm just gonna jump in and figure out.
Speaker 1: Just jumped in and that's the piece that I want
Speaker 1: to hit. So many people are paralyzed with fear because
Speaker 1: they don't know what they want to do. And it's like,
Speaker 1: just start making money. You don't know what you want
Speaker 1: to do until you start doing things that you don't like.
Speaker 1: Last year, I made millions of dollars doing coaching programs
Speaker 1: and I decided I didn't like them. But I wouldn't
Speaker 1: know that until I had done them right, and so
Speaker 1: we've changed that. But I think that's a good point. Okay,
Speaker 1: so keep going. So now you're flipping those things.
Speaker 3: But I think one of the important parts of this
Speaker 3: entire narrative that I went to hone in is that
Speaker 3: my expenses were so low and my risk wasn't built
Speaker 3: up with having things family bad decisions of the past,
Speaker 3: whereab I limited the amount of risk or the amount
Speaker 3: of opportunity that I would pursue. I was only paying
Speaker 3: two hundred to sleep on my brother Nate's couch, right like,
Speaker 3: that's what I was paying. I had nothing to lose.
Speaker 3: I wasn't married, I didn't have kids, I don't have
Speaker 3: any of these things. So anything that I do is
Speaker 3: full on business, full on risk, everything all in because
Speaker 3: I could afford it. And what I think for young
Speaker 3: people is never put yourself in a situation where you
Speaker 3: make irreversible decisions. It's one of the most important principles
Speaker 3: I learned. So from a young age, I never made
Speaker 3: decisions or took action towards things that I could not
Speaker 3: reverse that would fundamentally change my life path. And I
Speaker 3: think that was my most point lesson like having kids
Speaker 3: out of wedlock at the age of seventeen. That fucks
Speaker 3: up your life. Yeah, okay, for some people it's an
Speaker 3: anomaly and they end up being super successful. But for
Speaker 3: the average individual, that's an irreversible decision. So what do
Speaker 3: you do with that irreversible decision? You have to deal
Speaker 3: with it. So my objective was, don't make irreversible decisions.
Speaker 3: Make decisions that if anything happens, you can pivot from.
Speaker 3: So low risk, high reward, low expenses. And then I
Speaker 3: got a marketing gig, so I started doing marketing ads
Speaker 3: for Wall Street businesses. So companies in Wall Street I
Speaker 3: would do their ads because they weren't running Facebook ads.
Speaker 3: So I got my first check for about one hundred
Speaker 3: for eighty six thousand dollars for nine months of work. Wow,
Speaker 3: running Facebook ads doubled the company's revenue. I did it
Speaker 3: for free for two months. I would was doing outbound
Speaker 3: because I would get DMS from them on Instagram or
Speaker 3: LinkedIn messages like hey, like if you're interested in our
Speaker 3: products or service, like this is shit, let me add
Speaker 3: some ads them. Ran it for two months for free.
Speaker 3: I called them like, hey, guys, I want a contract like,
Speaker 3: oh no, no, I will think about it next month.
Speaker 3: I was being nice turned off their ads the next day.
Speaker 3: Next morning, they call me, hey, can you fly up
Speaker 3: to New York. Yes. Yeah. They gave me my check
Speaker 3: and I called my dad and I was like, I
Speaker 3: made it, and he's like, bro, eight thousand, ninety thousand
Speaker 3: dollar that's crazy. Like I'm like, yeah, but it's not enough.
Speaker 3: But remember I was paying two hundred dollars a month
Speaker 3: for rent, So now's US dollars and you're coming from
Speaker 3: Argentina and it's crazy. So now I'm making this money,
Speaker 3: and I'm like, what can I do with my advertising skills?
Speaker 3: Because I was still nine It's this is a nine
Speaker 3: month gig. I don't know if these guys are going
Speaker 3: to renew. I don't know if they're going to keep
Speaker 3: on going. Most agency work is quite laborious. These people
Speaker 3: are calling me. I'm like, let me move this money,
Speaker 3: let me try some other things, let me take my
Speaker 3: Facebook aid skills. What am I going to do? E commerce?
Speaker 3: Figure out the entire ecosystem of e commerce, drop shipping, now,
Speaker 3: arbor charging physical products, not just digital products. We ended
Speaker 3: up doing in the span of three years, sixteen million
Speaker 3: in revenue, which isn't it massive numbers, but it is
Speaker 3: for teenagers yea. And we ended up flipping and putting
Speaker 3: all our money into crypto, which I know sounds insane,
Speaker 3: but it only makes sense because crypto is the future.
Speaker 3: And yeah, we rode the twenty twenty Buol run and
Speaker 3: we forty two xd our portfolio, so quite fire.
Speaker 1: Yeah, I love what you said. I want to break
Speaker 1: a couple of pieces down for the listeners here. So
Speaker 1: if you look at the world of sports, let's just
Speaker 1: say you want to be a pro whatever baseball player
Speaker 1: to think that, hey, I'd love it if the Dodgers
Speaker 1: would sign me a contract, and then I'm going to
Speaker 1: go learn how to play baseball and I'm going to
Speaker 1: be really good baseball play for you, like no, no, no, no,
Speaker 1: You've got to do your whole life, yes, and you
Speaker 1: have to be good enough that they give you the contract.
Speaker 1: So what you said was sort of like that, Like
Speaker 1: you went and learned how to do digital marketing, You
Speaker 1: went and learned how to build Instagram, social media, flip
Speaker 1: those and only once you had learned those skills on
Speaker 1: your own for free, working for free, spending your own time,
Speaker 1: effort labor, then you got good enough to make a
Speaker 1: little bit of money. Then you went and gave those
Speaker 1: services to a company for free to prove your net worth.
Speaker 1: And only once you had proved enough worth they were
Speaker 1: willing to pay you for that, sort of like getting
Speaker 1: a contract from the Dodgers.
Speaker 3: But people today.
Speaker 1: Think that they can just go, hey, will you give
Speaker 1: me a job to do marketing for you? But you
Speaker 1: got no marketing skills. And that goes back to the
Speaker 1: question I had posed earlier about people not wanting to
Speaker 1: work for free. But we play sports for free, and
Speaker 1: so it's just this mindset shift that really holds people back.
Speaker 1: I kind of want to highlight that.
Speaker 3: I think to add and to finalize that point is
Speaker 3: if you always want to make money, you have to
Speaker 3: be irreplaceable. If you have to be irreplaceable when you
Speaker 3: have to be in high demand. So I may sure
Speaker 3: that I was irreplaceable. What did I do for this
Speaker 3: online company doubled their online revenue in two months? Yeah,
Speaker 3: so now I was irreplaceable and I was in high demand.
Speaker 3: So now I had the leverage. And I think in
Speaker 3: business it's all about leverage. You leverage yourself by becoming better,
Speaker 3: and people are like, oh, well, they leverage themselves through
Speaker 3: blackmail or through finessing. No. No, the ultimate form of
Speaker 3: leverage is to become so undisputably good that people call
Speaker 3: you right.
Speaker 1: You give your services for free until they want to
Speaker 1: pay you, until they demand to pay you.
Speaker 3: Yeah, I love that.
Speaker 1: Okay, So now you put all your money into crypto
Speaker 1: because you're young and you're low risk, and you figure
Speaker 1: you might as well bet at all. You already said
Speaker 1: that's kind of how you grew up, and so at
Speaker 1: this point you're still young, your expenses are still low.
Speaker 1: Now you know how to make money, so now your
Speaker 1: risk tolerance is higher because now you know you can
Speaker 1: go make more money if you need to, and you
Speaker 1: don't have the downside risk.
Speaker 3: So now you throw it into crypto.
Speaker 1: You time the market cycle pretty good. You forty x
Speaker 1: forty two x your portfolio.
Speaker 3: You crush it. Then what sell out of crypto? Rotate
Speaker 3: the tech stocks? It only made sense. Under undervalued Meta,
Speaker 3: undervalued Shopify, which are the only two stocks that I
Speaker 3: truly knew because I run Facebook, guys, and I run Shopify,
Speaker 3: So I understand the Q four reports of Facebook, and
Speaker 3: I understand the Q four reports of Shopify undervalued Q
Speaker 3: four they fucking rip their sales through the roof. So
Speaker 3: in Q one reporting every single year, look at the
Speaker 3: MetaStock every single Q one, it rips through the moon.
Speaker 3: So I rotated out of crypto, which I felt like
Speaker 3: it wasn't at the value that it was supposed to represent.
Speaker 3: I think was overvalued. I rotated to undervalued assets this
Speaker 3: case Meta, Shopify, Robinhood, Coinbase, micro strategy, and my only
Speaker 3: one that I'm still waiting to play out, which will
Speaker 3: play out, is PayPal.
Speaker 2: Yeah.
Speaker 1: I mean Facebook's sold off seventy five person which is ridiculous,
Speaker 1: Like you think it's going to go away seventy five percent?
Speaker 3: So like, yeah, what undervalued stock?
Speaker 2: All right, I'm gonna take another very quick break right here.
Speaker 1: I'm not running commercials in these so these are my commercials,
Speaker 1: but I want to let you know I'm having this
Speaker 1: live event so we can see is the upside in
Speaker 1: the fed U turn that's coming and grow our investments
Speaker 1: this year without dealing with the volatility. It is going
Speaker 1: to be a volatile year. Things are going crazy. So
Speaker 1: come join me. We're going to look at the data.
Speaker 1: We're really going to charge the graphs, and I'm going
Speaker 1: to show you what I think is going to happen.
Speaker 1: More importantly, what we should be doing about, how we
Speaker 1: can position ourselves, what assets we should buy, what we
Speaker 1: should be watching.
Speaker 2: Is so much more. Come hang out, check it out.
Speaker 2: It's all for free.
Speaker 1: I'm want to answer all your questions live. There's a
Speaker 1: link down below.
Speaker 2: Let's go.
Speaker 1: I'm curious, So now you've cut your teeth making money,
Speaker 1: create wealth. So you and I we actually say the
Speaker 1: same three things, different words, but create wealth, multiply wealth, yes,
Speaker 1: preserve wealth, and most people don't understand those three And
Speaker 1: so your journey was creating wealth.
Speaker 3: What can I do?
Speaker 1: Pressure wash, basketball courts, flip pizzas. I'm creating wealth, I'm
Speaker 1: earning wealth, flipping Instagram accounts. Creating wealth. Then you have
Speaker 1: to go to multiply it. So then you throw into crypto,
Speaker 1: you multiply it forty times, right, and now you have
Speaker 1: to preserve it. I'm just curious, like how you think
Speaker 1: about those three buckets as far as your attention and
Speaker 1: time focused into that. So how much time do you
Speaker 1: really think about your growing creating the wealth through businesses
Speaker 1: versus like managing it multiplying that wealth.
Speaker 3: So it depends. So on the business side, there's two aspects.
Speaker 3: One is instant cash flow, so I can do a
Speaker 3: consulting call for ten thousand.
Speaker 1: But let's say, just like Luke bellmar so ninety percent
Speaker 1: of my time is focused on my business and growing
Speaker 1: my wealth, and I spent about five or ten percent
Speaker 1: of my time with like what my money is doing
Speaker 1: when I'm not earning it, or like what.
Speaker 3: Yeah, So I would say the breakdown isn't like a
Speaker 3: specific a specific breakdown of time. It's more so a
Speaker 3: breakdown of my life patterns. So the life patterns in
Speaker 3: the business side, it breaks down to active income, and
Speaker 3: it breaks like what I have to work for directly
Speaker 3: versus money that comes in. So I'll create content. Capital
Speaker 3: glob will continue printing subscriptions. I need to create the
Speaker 3: content regardless, so that income just comes in. I have
Speaker 3: my entire team, I have my CEO, Steve tan I
Speaker 3: have my entire organization. There's almost one hundred employees inside
Speaker 3: Capitol Club that build manage that structure. I don't need
Speaker 3: to be there every single day. I spent the last
Speaker 3: four years building that so now it's in a place
Speaker 3: where it consistent in itself, simply because I've created the
Speaker 3: other vehicle of content creation. So content creation fuels this.
Speaker 3: That's more so like my passive stream of consecutive money.
Speaker 3: So I'm not really focused on this besides the product, right,
Speaker 3: because if it's my vision, I need to ensure that
Speaker 3: the product sustains itself, and I'm focused on community retaining people.
Speaker 3: Then on the active income side, it would be like,
Speaker 3: I don't do coaching, but if there was a coaching experience, right,
Speaker 3: So if you do coaching, you can that's your active income.
Speaker 3: That would be money you received right away. I don't
Speaker 3: do a whole lot of that. I don't focus really
Speaker 3: on instant money because I've made money. You know, once
Speaker 3: you scratch that itch of okay, I don't no longer
Speaker 3: need to eat. I think people need to change their
Speaker 3: mindsets from hustler to boss. And I think people start
Speaker 3: making millions, they don't change their mindset, right, it's the
Speaker 3: same mindset that they had when they had nothing. You
Speaker 3: can't have the hungry mindset when you're already full. It
Speaker 3: makes no sense. That becomes gluttony because now when you
Speaker 3: have a lot, you have to begin to share, right,
Speaker 3: and if you want to scale, you need to bring
Speaker 3: people in. So now my main focus is recruitment, right,
Speaker 3: So now I focus on looking for talent and looking
Speaker 3: for opportunities. So now that my main basket, my Nile River,
Speaker 3: is being nurtured and taken care of, I'm bringing new content,
Speaker 3: new eyeboss to build out the ecosystem. If I choose to,
Speaker 3: I can have some sort of active income that requires
Speaker 3: me to dedicate specific hours, but I don't necessarily like
Speaker 3: to do that, and most of my time now is
Speaker 3: focused on looking for new projects, business development, and recruiting
Speaker 3: top tier talent, because if you can recruit top tier talent,
Speaker 3: all you have to do is let them work and
Speaker 3: get out of their fucking way. Yeah, like the recruiting talent.
Speaker 1: We're going to talk about that, but let's just go
Speaker 1: back to it for a minute. So I often say
Speaker 1: that the lines between business owner and investor are very blurred.
Speaker 1: In my career, right when I was out of high school,
Speaker 1: I started buying bank owned properties, fixing them and flipping them,
Speaker 1: and I did over one hundred of those properties. Was
Speaker 1: I a real estate investor? Or? Was my business buying
Speaker 1: and selling houses? I have one hundred grand in my
Speaker 1: bank account. I could just go buy a bitcoin, or
Speaker 1: I could hire a new employee to go do business
Speaker 1: development for me. Am I investing into my business, run
Speaker 1: my business, right, So like the lines are very blurred,
Speaker 1: and I just want people to get an idea of
Speaker 1: this because it's something that I see. So I talk
Speaker 1: about investing, right, I run investment newsletters and things like that.
Speaker 1: And the majority of people, I would say, come into
Speaker 1: my universe and they have a thousand bucks and they
Speaker 1: want to quit their job and be a full time investor,
Speaker 1: and I'm just like, WHOA, Well, well that's.
Speaker 3: Not how it works.
Speaker 1: Like Warren Buffett still goes to work every day at
Speaker 1: a business called Berkshire Hathaway. Ray Dalio still goes to
Speaker 1: a business Bridgewater Capital, right, So it's like you need
Speaker 1: to have the business and then you invest into it.
Speaker 1: So that's why I was kind of curious what your
Speaker 1: thoughts were on that. And so you know, I think
Speaker 1: about and Alex Ramosi's talked about the SMP me right.
Speaker 1: So it's like I asked my buddy the day we
Speaker 1: were down in Mexico together over in the years, and
Speaker 1: I said, you know, if you were going to put
Speaker 1: one hundred thousand dollars into the SMP five hundred. You know,
Speaker 1: the historical average over the last six years about seven
Speaker 1: and a half percent on that you So if you
Speaker 1: put one hundred thousand, an SMP makes seven and a
Speaker 1: half percent. If you put one hundred thousand into your
Speaker 1: business to hire a new business development manager, I think
Speaker 1: they could bring you back more than seven thousand dollars.
Speaker 1: And he said, yeah, I think so.
Speaker 3: I'm like, so, then why don't you do it? I
Speaker 3: guess I never thought of it. But the point because
Speaker 3: they don't because they don't see the employees as an investment.
Speaker 3: They only see it as a salary. And when you're
Speaker 3: paying for an employee, you're investing into them time, energy, paycheck, attention.
Speaker 3: So your goal isn't just for them to do the job.
Speaker 3: My employees, dude, I sit down with them and I
Speaker 3: tell them, this is this is how you can scale
Speaker 3: the organization. This is how this is your growth past,
Speaker 3: this is your growth trajectory. I sit down and I
Speaker 3: have real conversations with them. It's like, Hey, if you
Speaker 3: work well, this is the future that you can potentially
Speaker 3: have within the organization. So it's not just okay, giving
Speaker 3: them the vision of here's a paycheck, but now adding
Speaker 3: to it, it's now they're part owners. Now they feel
Speaker 3: like they're part of the vision. Now they feel like
Speaker 3: they're part of the mission. And now the focus becomes
Speaker 3: a little bit different. Yeah, and to the.
Speaker 1: Point that you made earlier, like people they don't reinvest
Speaker 1: back into themselves, right, So it's like they were hustling, hustling, husting.
Speaker 1: They made the million bucks or whatever it was, a
Speaker 1: couple hundredand whatever that number is for you, but then
Speaker 1: you don't make the shift to then be investor in
Speaker 1: your own business. So I make the hundred grand or
Speaker 1: the million bucks and then I want to go put
Speaker 1: into whatever I'm going to put it into. But then
Speaker 1: I don't invest back into the business within the businesses
Speaker 1: and continue to grow. Right, something like that I think
Speaker 1: about like the mindset shift, the difference. And actually I
Speaker 1: was with one of my one of my portfolio companies
Speaker 1: I was coaching last night and we were talking about
Speaker 1: this specifically and how they're going to close on the
Speaker 1: phone sell the to the product, and I said, the
Speaker 1: difference of a poor mindset and a rich mindset is
Speaker 1: is a poor mindset thinks about the cost, and the
Speaker 1: rich mindset thinks about the value. So would you buy
Speaker 1: this used iPhone for five thousand dollars? Well, if you
Speaker 1: do only think about how expensive it is, you wouldn't.
Speaker 1: But if I said, but my bitcoin, while it's on
Speaker 1: here with one hundred grand, do you want to get
Speaker 1: me five grand now? Right? And so that's sort of
Speaker 1: like the mindset shift that people have to go through,
Speaker 1: like thinking about the value that I'm going to get,
Speaker 1: not spending my time, investing my time, not spending my money,
Speaker 1: but investing my money and not and back into the
Speaker 1: business for that growth. So I think it's an important
Speaker 1: point to hit really create, create, create wealth.
Speaker 3: And it's understanding that you don't have to make money
Speaker 3: every single day, every moment of the day to be productively.
Speaker 3: Only a fool would plant a seed and watch it
Speaker 3: and be angry and observe it the same day. Mother Girlmother. No,
Speaker 3: the world has a natural process. There's an ebbs, and
Speaker 3: there's an ebb and flow to nature. You are part
Speaker 3: of nature. You cannot go beyond universal law. There's a
Speaker 3: time and a season for everything. So there's a time
Speaker 3: and a season for harvesting and there's a time and
Speaker 3: the season for sowing, right, So when are you sewing?
Speaker 3: If you're sewing, it'll eventually come to you. What people
Speaker 3: don't seem to understand is the success that you enjoy
Speaker 3: today isn't from today's actions. It's from the accumulation of
Speaker 3: all the past seeds. And then people end up losing
Speaker 3: in the future. Yeah, that's because you slacked off today
Speaker 3: because you're focused on the rewards from the past, thinking
Speaker 3: that you're eating them and indulging on them today, when
Speaker 3: in fact, you're just indulging from past performance. And if
Speaker 3: you leave illness in the present moment, your future is
Speaker 3: going to get fucked. So it's like, how can you continue?
Speaker 3: And that's that's the supertrap, Right. You start accumulating wealth,
Speaker 3: you start making money, and you start slowing down, slowing down,
Speaker 3: slowing down, slowing down, slowing down, because your attachment and
Speaker 3: your value and your perspective of what it means to
Speaker 3: be high performance or productive is attached to dollars. But
Speaker 3: there's so many things in life that transcend dollars that
Speaker 3: you can focus on your health, your nutrition, your family.
Speaker 3: I was speaking to a guy that had done over
Speaker 3: a billion dollars in real estate. Real estate sales made
Speaker 3: a fuck ton of money in commercial real estate. And
Speaker 3: he said, I spent twenty years getting good at business.
Speaker 3: Now I need to spend the next twenty years learning
Speaker 3: how to become a good father. So it's like his
Speaker 3: focus changed completely because you realize that to become a
Speaker 3: complete man, to become a full successful individual, there were
Speaker 3: other areas that he had to work on and spend time,
Speaker 3: energy and attention that weren't going to yield necessarily net dollars,
Speaker 3: but that were still part of his development and his process,
Speaker 3: and that was yet productive. Yeah.
Speaker 1: Yeah, most personal development would tell you there's at least
Speaker 1: three and usually four categories of your life that you
Speaker 1: need to work on, and that would be like health, wealth,
Speaker 1: your business, then be your relationships, and then the third
Speaker 1: fourth one that people their own and be like your
Speaker 1: own spirituality, like where you're at with that, and really,
Speaker 1: if all four, three or four aren't worked on together,
Speaker 1: then they hold you back. So for example, I'm really
Speaker 1: good with making money and I spend a lot of
Speaker 1: time with my family, but I'm three hundred pounds and
Speaker 1: I'm sick and I'm tired, So then I don't have
Speaker 1: the mental clarity or the energy to do as well
Speaker 1: in business or with my family as I could. So
Speaker 1: if I got my health up, then my business and
Speaker 1: health would grow. If I'm really healthy, I'm in the
Speaker 1: gym all the time when I make a bunch of money,
Speaker 1: but my relationships are crap. That holds me back because
Speaker 1: I don't have that support network behind me. Yes, and
Speaker 1: so really you want to keep all of those going
Speaker 1: together and they multiply each other.
Speaker 3: Leonardo da Vinci famously said to develop a complete mind,
Speaker 3: study the science of art, and study the art of science.
Speaker 3: Learn how to see. Realize that everything connects to everything else.
Speaker 3: Then he continues to say, He says, God will sell
Speaker 3: you all things at the price of work. God will
Speaker 3: sell you all things at the price of labor. So
Speaker 3: first to understand that everything connects to everything else. So
Speaker 3: how you treat your wife, how you treat your kids,
Speaker 3: it's going to it. It's going to reflect how you
Speaker 3: treat your employees, how you treat the waitress, how you
Speaker 3: treat in business, or how you're loyal in business. It's
Speaker 3: going to be a reflection as to everything else that
Speaker 3: you do. So to develop a complete mind, is to
Speaker 3: understand everything is in unison, everything is in harmony, and
Speaker 3: to not be in harmony in one area is to
Speaker 3: be dysfunctional in everything. It's like having a toothache being
Speaker 3: ripped six pack tan fucking great physique, but you have
Speaker 3: a toothache. Yeah, everything is miserable. So unless you develop
Speaker 3: a complete mind and full focus and understand that God
Speaker 3: will give you anything, but you have to work for it.
Speaker 3: You have to You have to exchange and transmute this
Speaker 3: energy and this life power and this life will into creating,
Speaker 3: materializing something to you into the universe, into the physical world.
Speaker 3: It's going to take labor, but you have to do
Speaker 3: it with unison and completion. If not, you're not going
Speaker 3: to win. Yeah, I love that. I've never heard that quote.
Speaker 3: I wrote it down. I'm gonna go look it up.
Speaker 1: But I talk about everything has a cost to the
Speaker 1: point that you're making and everything you can sell a
Speaker 1: God will sell you everything at the price of your work.
Speaker 1: So the cost to get what you want is going
Speaker 1: to be your time, typically, your time, your labor, you
Speaker 1: after energy, things like that. And you could say, well,
Speaker 1: the cost to getting in shape is I have to
Speaker 1: join the gym, and I have to go to the gym.
Speaker 1: I have to dedicate time and attention to that. But
Speaker 1: also there's a saying that says, either either you sacrifice
Speaker 1: things today to get what you want, or those things
Speaker 1: become the sacrifice. Yes, so one way or another, it's
Speaker 1: going to it's either going to cost you my time
Speaker 1: today or is going to cost my future dream.
Speaker 3: And that principle of God will sell you all things
Speaker 3: at the price of labor led me to the belief.
Speaker 3: Excuse me, led me to not the belief because belief
Speaker 3: entails religion or a system that you can't see. It
Speaker 3: made me realize the power of bitcoin. Why now, this
Speaker 3: is a complete flip. But when God sells you all
Speaker 3: things at the price of labor, labor represents energy input.
Speaker 3: So the system, the machine that we talk about this
Speaker 3: if you're born year two hundred and the slavery machine,
Speaker 3: you don't know what being free or using your own
Speaker 3: autonomous energy to create things for yourself looks like. So
Speaker 3: now you're in a situation whereby you're using your energy
Speaker 3: to create things that don't belong to you. So, for example,
Speaker 3: you have this money that's printed out of thin air.
Speaker 3: There is no energy input that's sustaining the US dollar.
Speaker 3: How many people we printed six trillion dollars who worked?
Speaker 3: What type of energy was input to print that money? None? None,
Speaker 3: But what about the money right that was printed through
Speaker 3: energy that becomes devalued. The money doesn't become devalued. What
Speaker 3: becomes devalued your energy. Your energy that you've put in
Speaker 3: dollars as a value of energy now is being slowly
Speaker 3: trickled and depleted. So what happens. God can't sell you
Speaker 3: all the things at the cost of labor if you're
Speaker 3: in the FIAT system because the energy right, well, whatever
Speaker 3: God wants to pay you is slowly being taxed or
Speaker 3: slowly being filtered out. So that led me to if
Speaker 3: I'm going to get anything in life at the cost
Speaker 3: of my life force energy. So I need to take
Speaker 3: my life, my energy and materialize it into something. Whatever
Speaker 3: I materialize it into has to be able to sustain
Speaker 3: its energy and has to be able to sustain It's
Speaker 3: if you pay me ten thousand dollars today for a
Speaker 3: phone call or a consultation call, and I put it
Speaker 3: in the bank today, I would be able to redeem
Speaker 3: that ten thousand dollars for something completely different than what
Speaker 3: I would be able to redeem that ten thousand dollars
Speaker 3: in ten years if it was Inia, if it was
Speaker 3: in fiat. So it's not that my money's worthless, it's
Speaker 3: that my energy's worthless because my energy can now no
Speaker 3: longer purchase what it used to. So that led me
Speaker 3: to believe to find something that requires energy for existence.
Speaker 3: Bitcoin requires literal physical energy input for existence. So what
Speaker 3: you're buying from bitcoin, you're not buying bitcoin. What you're
Speaker 3: buying is an immutable storage of perfect energy.
Speaker 1: I love that, and we talk about that on a
Speaker 1: philosophical level a lot which a lot of people think
Speaker 1: is not on new new stuff and we don't need
Speaker 1: to pay attention to it. But if you don't really
Speaker 1: understand this, then you don't understand the whole key behind life.
Speaker 1: And so the law of energy is that energy cannot
Speaker 1: be created, it can only be transferred. Yes, so we
Speaker 1: have food which gives me calories. Calories are measures measurements
Speaker 1: of energy, and then I expend those calories by thinking,
Speaker 1: by working, by doing so, I'm spending my energy my life,
Speaker 1: if you will. And then let's say that I'm working
Speaker 1: for four hours to earn enough to live for that day.
Speaker 1: But then one day I decide to work in extra
Speaker 1: four hours, Well, then I want to save that extra
Speaker 1: energy in something that I could then choose to spend
Speaker 1: tomorrow so I don't.
Speaker 3: Have to work. And then the goal so that's sort.
Speaker 1: Of like your life battery, if you will, right, and
Speaker 1: the goal is that that battery holds its charge. You
Speaker 1: don't want that to lose power. But to your point,
Speaker 1: the FIAT system is like a battery. That's like if
Speaker 1: you've ever gone like up in the mountains where it's cold,
Speaker 1: like your batteries they die real quickly, right, So, like
Speaker 1: you have this battery that's losing and Bitcoin is a
Speaker 1: different type of battery that can hold that energy, and.
Speaker 3: It's your life. It's like literally your life.
Speaker 1: As a matter of fact, I just put out a
Speaker 1: tweet a couple of days ago now to got my
Speaker 1: Twitter account back talking about inflation increased the cost by
Speaker 1: thirty two thousand dollars. So for the average worker at
Speaker 1: thirty two dollars an hour, which is the medium pay,
Speaker 1: it was taking them about three hundred extra hours per
Speaker 1: year to have the same quality of life that they
Speaker 1: had the year before. So three hundred hours per year
Speaker 1: of your life. That's your life that you could be
Speaker 1: in the gym, getting in shape with your kids, teaching
Speaker 1: them lessons, with your wife, building your relationship. Three hundred
Speaker 1: hours of your life.
Speaker 3: Your energy expended for the same thing that was last year. Yeah,
Speaker 3: And what I came to realize is we were talking
Speaker 3: about going back to the creating part, multiplying and preserving
Speaker 3: of wealth, the multiplication factor. People need to realize I
Speaker 3: need to stop expending my time, time and my energy
Speaker 3: four dollars. That's the process of building gardens or ecosystems
Speaker 3: where money works and makes itself. Is it no longer
Speaker 3: requires time and energy to make it. If we go
Speaker 3: into the Louisvitton story and I go with somebody that
Speaker 3: makes one thousand dollars a month, they're going to look
Speaker 3: at a Louis Vuitton wallet that's worth five hundred dollars
Speaker 3: differently than me because to me, five hundred dollars it
Speaker 3: didn't require any time, energy or intention for me to
Speaker 3: make it. This person it required three weeks of time
Speaker 3: and or two weeks of time, energy and attention. So
Speaker 3: they'll value the wallet in direct proportion to the amount
Speaker 3: of effort and labor that it took them to produce
Speaker 3: what the necessary energy to purchase that wallet. So now
Speaker 3: I'm no longer in the premise of is this cheaper
Speaker 3: as it's expensive? How much energy and life span and
Speaker 3: time did it take me to acquire that thing? Because
Speaker 3: you don't buy things in life, hear me, clearly, you
Speaker 3: don't buy things in life with money. You buy things
Speaker 3: in life with the time that it takes you to
Speaker 3: make that money. So the objective of multiplying your wealth
Speaker 3: is to be in a situation where you no longer
Speaker 3: work for money, but you work towards creating systems that
Speaker 3: create money, giving you the freedom so that you can
Speaker 3: use your energy to do what you want in life.
Speaker 1: Yeah, let me ask you about this. If you think
Speaker 1: about money, I say that we don't want money. Nobody
Speaker 1: wants money. What we want is the goods and services
Speaker 1: that money buys us. But if you think about money,
Speaker 1: for example, it's like an exchange of value. It represents
Speaker 1: value exchange. So I could say, hey, Luke, let me
Speaker 1: come over to your house and help you move this weekend,
Speaker 1: or hey, let me come build a fence for you,
Speaker 1: or let me paint your house, or let me build
Speaker 1: a website for you.
Speaker 3: If I, as a friend were.
Speaker 1: To say, hey, I'm going to help you move this weekend,
Speaker 1: then I would have built goodwill with you, and you
Speaker 1: would sort of owe me a favor back.
Speaker 3: Right, We're not going to write.
Speaker 1: It on paper, but like maybe you would help me
Speaker 1: do something a social credit a social credit, right, So
Speaker 1: then really by me providing you value, it's sort of
Speaker 1: like a favor, and now you give me an iowe
Speaker 1: you that you owe me a favor some value in
Speaker 1: the future. But that's like a barter system. So if
Speaker 1: we want to scale past the barter system, then we
Speaker 1: need something a sort of io you that I could
Speaker 1: go to give somebody else. So the dollar sort of
Speaker 1: represents an IOU. So I've built you a fence, I
Speaker 1: helped you move. You give me an IOU that's recognizable.
Speaker 1: It's a medium exchange to get other favors from other people. Yes,
Speaker 1: And if you think about that philosophically, then I'm going
Speaker 1: to say something people don't like to hear, and that
Speaker 1: means that if you're broke, you're kind of selfish. How
Speaker 1: much good will have you put into the world? How
Speaker 1: many iou slips are you sitting on in that barter environment.
Speaker 1: If I helped you move, and you move and you move,
Speaker 1: and I built you offense and your website, and I
Speaker 1: collected all these favor iou statements, the person that had
Speaker 1: the most amount of favor IOUs you would say, Man,
Speaker 1: that guy's really generous.
Speaker 3: Because you get paid in proportion to the value that
Speaker 3: you provide. Bing No, And the thing is the marketplace
Speaker 3: will pay you in proportion to that. So if you
Speaker 3: have no value to provide, it's either you don't know
Speaker 3: how to provide value, or nobody can see the value
Speaker 3: you can provide because either you don't showcase or it's
Speaker 3: just not there. I agree fully.
Speaker 1: Yeah, it's an interesting way to look at it when
Speaker 1: you look at it from a philosophical angle. Let's talk
Speaker 1: about it now from like a more of a we'll
Speaker 1: stay on the philosophical but let's look at it from
Speaker 1: like a freedom angle. Now. I've often said many times,
Speaker 1: and I strongly believe that there is no freedom without
Speaker 1: the freedom to transact. And really it starts with the
Speaker 1: freedom of private property. So back to me being able
Speaker 1: to store my value, store my energy. That's my first
Speaker 1: form of private property. Do I store it in dollars
Speaker 1: or bitcoin or gold, or do I store it in
Speaker 1: a ranch with cows. However I decide I want to
Speaker 1: store that. That's my life battery. So that's my property.
Speaker 1: And if you take that cow for me, or take
Speaker 1: my money from me, that's my life, you're literally stealing it.
Speaker 1: But then the freedom starts with being able to control
Speaker 1: the private property, but then more important to be able
Speaker 1: to transact. And so we see today that the governments
Speaker 1: of the world want to continue to impede that ability
Speaker 1: for us to transact freely. And I'm curious your point
Speaker 1: or your point of view coming from Argentina. So Argentina
Speaker 1: is sort of the textbook example today of sort of
Speaker 1: society breaking down and hyper inflation where people couldn't even
Speaker 1: hold their money anymore. And as I was with you
Speaker 1: and your team in Spain last year, I was told
Speaker 1: that I wasn't really aware of this, like you're not
Speaker 1: even allowed to spend much of your money.
Speaker 3: So I think you're not even allowed to spend dollar.
Speaker 3: You have X amount of dollars that you can withdraw
Speaker 3: per month, but I.
Speaker 1: Think maybe I mean from your team said like you
Speaker 1: couldn't even spend more than three hundred dollars a month
Speaker 1: on your credit card couldn't because or they would exchange
Speaker 1: at a very high rate seven hundred to one or
Speaker 1: something like that. Right, so like they wouldn't even allow
Speaker 1: you to spend your own one, well, they wouldn't allow
Speaker 1: to spend your money. Capital controls lock you in and
Speaker 1: then they would just continue to steal from you.
Speaker 3: And the crazy part is people need to understand that
Speaker 3: the money system isn't just just an accounting system. It's
Speaker 3: a tool of power. So when when the coinage was created,
Speaker 3: for example, seven hundred year seven hundred around the BC
Speaker 3: seven hundred, I think it was in Turkey, that was
Speaker 3: the first introduction of the coin. Right, so coin just
Speaker 3: like bitcoin, it's not money, it's technology. It's technology of
Speaker 3: what the ripmittants of value. That's all it is. So
Speaker 3: the coin was the standardized remittance of value from A
Speaker 3: to b. I could actually move it. How do you
Speaker 3: make a cow divisible? If I want to sell you
Speaker 3: a ranch and it's going to cost me nineteen point
Speaker 3: five cows, it makes no sense because now I have
Speaker 3: a cow that's worthless. So it's no scalability in that
Speaker 3: in that idea. So now I have money, and as
Speaker 3: soon as money came into the in the side of
Speaker 3: like coinage, you begin to sell see barons, kings, people
Speaker 3: that could actually hold currency and had some sort of
Speaker 3: In this case, back in the day it would be
Speaker 3: army that could sustain their sovereignty. You would do quite
Speaker 3: well with coinage. The issue with coins is that they
Speaker 3: began to get debased, so they introduced metals that would
Speaker 3: debase the currency. So for example Rome, Let's say they
Speaker 3: conquered the entire known world and they had no more
Speaker 3: kingdoms to conquer, therefore no more gold production, therefore no
Speaker 3: more economic growth, so they had to debase the currency.
Speaker 3: The issue with that is that now you no longer
Speaker 3: know what's legit, you no longer know what's false. Remember
Speaker 3: how there's this verse in the Bible says that God
Speaker 3: abhors the misbalancing of weights because back in the day
Speaker 3: gold wasn't measured by units, it was measured by weight,
Speaker 3: so everything had to have a fair balance. Now we
Speaker 3: have the introduction of the fiat system, which was initially
Speaker 3: a physical representation of the gold. Who's in iou exactly?
Speaker 3: Now that io, you got overprinted? Bullshit? Now the government
Speaker 3: got into bed with this entire scam, i e. The
Speaker 3: introduction of bitcoin, which goes back to the bartering system,
Speaker 3: but with the technological advancement of no middleman necessary. What
Speaker 3: happens in society, especially with governments, is the new technological
Speaker 3: advancement produces a temporary period of time of sovereignty. So
Speaker 3: when coinage came, new barons rose, new sheikhs rose, new
Speaker 3: czars came into power, new money. Same thing happened with
Speaker 3: the radio. As soon as the radio was introduced into
Speaker 3: the house. One of the big criterias for the government
Speaker 3: to control every single outlet on the news, which was
Speaker 3: the source of technological transformation the radio. As soon as
Speaker 3: the Internet came, we had a few years of what
Speaker 3: Internet freedom where people could look up information, see all
Speaker 3: the details. Boom, then censorship. You had that technological period
Speaker 3: of boom where people got free. And now you're in
Speaker 3: a situation where you had social media come into play.
Speaker 3: Social media came into play, they censored social media really deeply.
Speaker 3: But now you have the cracking of social media. So
Speaker 3: people there's technological advancements that produce what freedom. So if
Speaker 3: you look at the etymological use of the word to
Speaker 3: think or thinking. It was extremely popular pre introduction of
Speaker 3: the radio in the household, so people used to think
Speaker 3: freely prior to the government coming into the house. As
Speaker 3: soon as the radio came in to the house. You
Speaker 3: can look up the etymological use of the word and
Speaker 3: the popularity of it to think thought, freedom of thought.
Speaker 3: The moment the radio was introduced into the house, that
Speaker 3: use of word went down. People stopped to think. When
Speaker 3: did that word begin to emerge again the moment that
Speaker 3: the Internet became placed in the house. So a seak
Speaker 3: of freedom and truth and thinking once again. Now you
Speaker 3: have the introduction of new technology, which is what bitcoin
Speaker 3: on the monetary side, which is the disruption of the
Speaker 3: financial system that we've been under for the last hundred year.
Speaker 3: So now people are waking up and there's say, oh,
Speaker 3: there's something else. Whether bitcoin is the future or not
Speaker 3: is not relevant. What happens that Bitcoin showed that there
Speaker 3: is another way of transacting outside of the now controlled
Speaker 3: technology of remittance. Now we have a decentralized form of
Speaker 3: remittance that gives us the ability within a few years
Speaker 3: before they have digital IDs and id ME and all
Speaker 3: this garbage, to access the internet. A few years to
Speaker 3: become extremely wealthy in this period of time because we
Speaker 3: have this technological differentiator. So if people understand technology, technology
Speaker 3: freeze you, and then technology gets controlled, and technology frees
Speaker 3: you again and technologically gets technology gets controlled. Your job
Speaker 3: is to figure out what's the next pocket of technology
Speaker 3: I can take advantage of for my next power play.
Speaker 3: So if you look at the future, what are you
Speaker 3: going to need. You're going to need autonomous AI that
Speaker 3: runs off of your scripts, not off of somebody else's scripts.
Speaker 3: You're going to need unmanned machines that work specifically for you.
Speaker 3: That's technological advancement. That's part of the future. So money,
Speaker 3: in my opinion, will eventually become obsolete when I have bots,
Speaker 3: When I have robots, when I have AI working for me,
Speaker 3: half of the jobs are not going to be commercially viable.
Speaker 3: Maybe it's not ten years, twenty years, but in fifty
Speaker 3: years we will get there. So money will no longer
Speaker 3: be valuable. So what will money be? And that's where
Speaker 3: the question becomes store of value in things of this nature.
Speaker 3: But technology is always evolving, always moving, but it always
Speaker 3: comes down to the transactions of goods and services.
Speaker 1: Well, it depends on what you considered money. If I
Speaker 1: think of money as a medium of exchange, we're always
Speaker 1: going to need a medium of exchange. Yes, so money
Speaker 1: is not going to go absolutely what we know as
Speaker 1: money and what we even consider value will change.
Speaker 3: Crazy.
Speaker 1: So value will change, just like information change. Back to
Speaker 1: your point before radio and even in the eighties, the
Speaker 1: information was what I got on the nightly Loser in
Speaker 1: my morning newspaper. Today, I see a kid in Thailand
Speaker 1: post a picture on the beach and I see what
Speaker 1: the water looks like, I see the temperature. So like
Speaker 1: all this information that wasn't there. So I think value changes,
Speaker 1: but humans are always going to exchange.
Speaker 3: Yes, was going to exchange.
Speaker 1: That's what capitalism is. In my book, the Uncommis Manifesto,
Speaker 1: we really kind of honed in on that specifically, which
Speaker 1: is capitalism is not a political modality, it's human nature.
Speaker 1: So capitalism is private property, using it more efficiently and
Speaker 1: free trade, among others. I have a fire, you killed
Speaker 1: a rabbit, Hey, cook your rabbit on my fire.
Speaker 3: Let's just share that, right. And the beauty of bitcoin
Speaker 3: is that it lets you do that at scale, at scale,
Speaker 3: multi border without being present where they money type that
Speaker 3: people internationally accept as a form of value, which is
Speaker 3: incredible and it's never happened before, which is the fascinating
Speaker 3: part about bitcoin that I absolutely love.
Speaker 1: I'm curious your standpoint on this because you came from
Speaker 1: Argentina where the money's wrecked, like literally impoverishing people, right,
Speaker 1: and you also you travel the world, you talk with
Speaker 1: a global audience, if you will, do you think that
Speaker 1: helped you understand why we need a non government money
Speaker 1: like bitcoin better than most people in the US, who
Speaker 1: are like, what do we need different money for?
Speaker 3: I grew up in a small town. It's not a village,
Speaker 3: a small town of twelve thousand people. I would go
Speaker 3: to my local steakhouse, a small little steakhouse, five different tables,
Speaker 3: one server, cook on an Argentine style grill. The Argentine
Speaker 3: peso to the dollar. I remember the time I was
Speaker 3: eleven years old buying. My dad took me, took me
Speaker 3: to that steakhouse and it was a I think it
Speaker 3: was a file mignon or something like that. It costs
Speaker 3: three dollars. It was nine pisos. Today the dollar to
Speaker 3: the pest hundred three to one, Yeah, three to one,
Speaker 3: three to one. It would cost me a dollar to
Speaker 3: take a taxi. So everything that was nice about Argentina
Speaker 3: was the fact that the dollar was cheap and still
Speaker 3: the pesel was pretty healthy. But today you see the
Speaker 3: introduction of socialism, you see the debasement of currency, and truly,
Speaker 3: the big thing that I see, which is the big
Speaker 3: shell shock factor, based off of my study of history,
Speaker 3: this is that this cycle that Argentina went through of
Speaker 3: the debasement of currency, the nationalization of privatized assets, and
Speaker 3: the introduction of a socialist, super vampire like government, isn't
Speaker 3: the first time that it happened in history. I was
Speaker 3: talking with Andrew. It happened in Korea, it happened in Cuba,
Speaker 3: it happened in Bolivia, it happened in Venezuela. You have
Speaker 3: a lot of countries where you have these socialist type
Speaker 3: governments that come in, they leach everything from private citizens
Speaker 3: and they debase the currency by stealing everything. Now, what
Speaker 3: happens because they steal everything, they still have to get loans.
Speaker 3: There's still a debt to who, most likely DIMF. So
Speaker 3: what happens you have now the IMF being introduced into
Speaker 3: the scenario, and they're quote unquote the bad guy, But
Speaker 3: simultaneously they're the good guys. So you don't know how
Speaker 3: to look at them because they're the ones that are
Speaker 3: putting you in debt and they're the ones that are
Speaker 3: pulling you out of that back and forth, back and forth,
Speaker 3: back and forth, like a loop cycle. So here you
Speaker 3: have a socialist government that's most likely put in place.
Speaker 3: You have a period of normalization of making sure that
Speaker 3: the government owns all the national assets. The airlines, the
Speaker 3: petrol companies, the railways, they own everything. But obviously we
Speaker 3: know that governments can't run shit because they're incompetent. So
Speaker 3: these products, these goods, these services, they become shitty. Now
Speaker 3: you have massive inflation. Not only do you have massive inflation,
Speaker 3: you have massive debt. That debt needs to get paid off.
Speaker 3: So you have the introduction of a right wing party. Right,
Speaker 3: it happened with bid On. It happened in probably the
Speaker 3: forties and the fifties post World War Two, when the
Speaker 3: United States began to introduce the fight against communism. So
Speaker 3: you had this introduction of right wing kind of police
Speaker 3: states come in. And my thesis is that these these
Speaker 3: right wing police states, we either have Bouquel, you have
Speaker 3: a Malay. You have different individuals. Their purpose is one
Speaker 3: very simple in my opinion, it's the repayment to the
Speaker 3: IMF of all the debts. So here you have a
Speaker 3: right wing politician or somebody that's more on the liberal
Speaker 3: side that says, okay, we privatize, we need to sell
Speaker 3: off all national assets. Okay, perfect, what are you doing
Speaker 3: with that money? You have to pay back the IMF,
Speaker 3: by the fucker, Like, that's why you're here. So create
Speaker 3: the entire inflation system, prop a ton of debt, and
Speaker 3: then bring somebody through a police state can pay off
Speaker 3: that debt and then run the cycle back and forth,
Speaker 3: back and forth, back and forth. My thesis was very simple,
Speaker 3: and you're going to see it play out because I've
Speaker 3: been predicting the future for quite a bit of time.
Speaker 3: Now you're going to see it happen with people introducing
Speaker 3: third parties. So no longer right wing party, left wing party.
Speaker 3: You'll have a third party emerge that'll be self funded.
Speaker 3: So you look at the president of Ecuador, he's not
Speaker 3: right wing, left wing, he's a new guy that just emerged.
Speaker 3: New party Malay, not left wing, right wing, new party.
Speaker 3: And what happens young guys right wing fuck fucking hate
Speaker 3: the old system, but they still have to play the
Speaker 3: rules of the game because they're in debt. Who's going
Speaker 3: to pay off that debt? The IMF. So what I
Speaker 3: see is I look at these cycles in these loops
Speaker 3: and I try to figure out where in the loop,
Speaker 3: because it's happening these jackals, it's happening. Where in the
Speaker 3: loop is this country or this stage, and how can
Speaker 3: I succeed in it? Now before the introduction of right
Speaker 3: wing police states are heavier duty, kind of controlled systems,
Speaker 3: which I think right wing governments tend to do more
Speaker 3: than left wing governments if given too much control, and
Speaker 3: they'll do it, especially under the name of safety and security.
Speaker 3: Because remember Trump is the one that introduced the vaccine.
Speaker 3: Trump is the one that introduced all the lockdowns and
Speaker 3: all these things. Whether it was his willpowers introduction, it
Speaker 3: doesn't really make a difference. There's a president that right wing,
Speaker 3: and I'm not any political quarity. I'm just an observant
Speaker 3: from the sideline. They tend to introduce more police rule.
Speaker 3: On the other side, you have the other guys that
Speaker 3: introduce a lot of state rule, and they'll introduce a
Speaker 3: lot of Hey, the government is going to be your
Speaker 3: daddy and manage your things. But in between here you
Speaker 3: have the narrative creation. And the narrative creation is the
Speaker 3: pendulum swings either to the left or to the right,
Speaker 3: and we've seen it. You've probably witnessed it, a pendulum
Speaker 3: swing at an energetic level moving to the right through history.
Speaker 3: So the question is where do you position yourself to
Speaker 3: not get fucked by these guys that are debasing the currency,
Speaker 3: but simultaneously not being in a system where there may
Speaker 3: be right wing police states. So when I left Argentina
Speaker 3: at the age of sixteen, it was under the premise
Speaker 3: of there's a socialist culture that's coming. And it wasn't
Speaker 3: that I knew that shit was going to hit the fan,
Speaker 3: like how it went to become one of the most
Speaker 3: worthless countries in the world, even though from one of
Speaker 3: the richest, even though in eighteen ninety was one of
Speaker 3: the wealthiest countries in the planet. I just left simply
Speaker 3: because in the US there was more opportunity, and truly,
Speaker 3: up until this day and I've been to fifty nine countries,
Speaker 3: the United States is still the greatest country in the world,
Speaker 3: hands down.
Speaker 1: I personally don't like the left and the right and
Speaker 1: the republican democrat and the libertarian, the socialist, the common like,
Speaker 1: it's just like all these labels that nothing really neatly
Speaker 1: fits in there. And I thought Malay actually called this
Speaker 1: out pretty well in one of the speeches where I
Speaker 1: saw he said.
Speaker 3: He talked about, you know, the left.
Speaker 1: Is socialist and the right is fascist, he said, but
Speaker 1: they're all collectivist. They're all collectivist. So in my book,
Speaker 1: The Uncongress Manifesto shameless plug again, talk about when we
Speaker 1: actually draw a diagram of how all politics is on
Speaker 1: one side and on that there's a spectrum from left
Speaker 1: to right, socialist to fascist. But socialism and fascist, although
Speaker 1: we're on extreme opposite ends, apparently, are all central planners
Speaker 1: and collectivist ideas. So all politics.
Speaker 3: But isn't bitcoin a collectivist idea?
Speaker 2: No.
Speaker 3: At the same time, no, bitcoin is the exact opposite.
Speaker 3: But it has to work. You have to have a
Speaker 3: collective unit of people for it to work.
Speaker 1: Well, what I'm talking about collectivist is central planning. Okay,
Speaker 1: so somebody is planning the system versus what we said,
Speaker 1: and I.
Speaker 3: Have a diagram. I'll get you a book when we're
Speaker 3: done here.
Speaker 1: On the other side is capitalism is natural emergent, it's
Speaker 1: individual individualism and bitcoin fits over there, and so you
Speaker 1: have sort of and Malay called this out. He said,
Speaker 1: look all is your left wing, your socialist, your right wing,
Speaker 1: your fascist? Say it's all collectivist. He said, we're bringing
Speaker 1: back the individual.
Speaker 3: There is no.
Speaker 1: State, and so let Frederick Bastia and the law talks
Speaker 1: about this. There is no state. So it's just saying
Speaker 1: as a state, there's us as you and I as individuals,
Speaker 1: and collectively we could agree to have this town or
Speaker 1: whatever this country. And so I thought I thought it
Speaker 1: was a pretty good statement at a theoretical level. Yes,
Speaker 1: it's cool, but you still have billions of debt and
Speaker 1: debt that you have to pay. Malay like, you can cool,
Speaker 1: that sounds nice, Okay, you stop to go and sit
Speaker 1: down with you if you would rather him default on that.
Speaker 3: I don't know, because I don't really know what the
Speaker 3: best solution would be. I think the best course of
Speaker 3: action right now, at least for Argentina is the national
Speaker 3: is the is the privatization of national assets. There's no
Speaker 3: reason why the government should run anything at everything, And
Speaker 3: that seems like what he's trying to do. Yes, and
Speaker 3: that's great. The question is who do you sell it to,
Speaker 3: who's bidder and who's the highest bidder. It's most likely
Speaker 3: all under under it's all under the table. Nationalization companies
Speaker 3: that come in and they go There's a book called
Speaker 3: Confessions of Economic Hitman, an economic Hitman. He talks about
Speaker 3: the jackals. They come in and they give you an offer,
Speaker 3: and if you don't take the offer, so be it.
Speaker 3: At the end of the day, you have a guy
Speaker 3: that comes from a third party, not left wing, right wing,
Speaker 3: a third party. Somebody has to fund that party. Forty
Speaker 3: five percent of Argenties don't just vote for you because
Speaker 3: you have a message. There's narratives, there's pushed and because
Speaker 3: you see it in anywhere around the world. In order
Speaker 3: for a message to be propagated, it doesn't just naturally
Speaker 3: catch on. You have to push a message, and I
Speaker 3: think from alternatives definitely the best alternative.
Speaker 1: But do you think there's like sort of like a
Speaker 1: zeitgeist at the time, So for example, the pendulum, I
Speaker 1: think the pendulum doesn't.
Speaker 3: Swing from left to right.
Speaker 1: I think the swings from centralization to decentralization. And I
Speaker 1: think it's technology that does that, and that's a whole
Speaker 1: different conversation. But if we look at the pendulum from
Speaker 1: that viewpoint, just for this exercise, and you see this
Speaker 1: pendulum has been swinging towards centralization. So we have the
Speaker 1: creation of the UN and the IMF and the BIS
Speaker 1: and this global US led homogeny, et cetera. But then
Speaker 1: we have like it's gone so far and now where
Speaker 1: there's no truth in men and women and boys or
Speaker 1: girls and all these things, and it's gone so far
Speaker 1: that people are rejecting that. And you're seeing the Jordan
Speaker 1: Peterson's and the Andrew Tates rising up in the face
Speaker 1: of that, Like people are starting to latch onto that.
Speaker 1: And it seems like Malay Maloney over in Italy, and
Speaker 1: Malay is just like one more person. It seems like
Speaker 1: the whole world has been gas lilt so hard and
Speaker 1: they've been told for so long that they don't matter
Speaker 1: that they're latching onto that type of a person.
Speaker 3: Yeah, it's it's the opposite of what you're already given.
Speaker 3: So it's it's it's not an extreme, it's just an
Speaker 3: extreme of that position. I'm not saying good or bad.
Speaker 3: It's just a natural pendulum swing. But remember it's the
Speaker 3: pendulum swing of technology. We're talking about technological freedom. As
Speaker 3: soon as that technology gets suppressed or controlled, you have censorship.
Speaker 3: You want decentralization, you have you need new technology that
Speaker 3: overtakes the centralization. So you have centralization in the federal reserve,
Speaker 3: in the banking system. You need bitcoin, you have the
Speaker 3: centralization of the radio, over the television, you need the Internet.
Speaker 3: So you have these pendulum swings. Now the objective is
Speaker 3: figuring out. Because of Moore's law, these pendulum swings get slower,
Speaker 3: they get faster and faster and faster, and they go
Speaker 3: back and forth, back and forth. Freedom, censorship, freedom sensorship,
Speaker 3: to the point where, per the words of Ilia co
Speaker 3: founder of Open Eye, said, AI has the ability to
Speaker 3: create imperpetuity, stable dictatorships. And that's the freaky point where
Speaker 3: I'm like, that's a scary point. That's the scary point.
Speaker 3: And he's true. I agree, he's right, Bro, he's right.
Speaker 3: But I don't like that. I don't like it at all.
Speaker 3: But I'm like, Okay, these are the freedom pockets. Decentralized,
Speaker 3: the centralized, centralized, the centralized. We need to be capitalizing
Speaker 3: on these decentralized pockets before it goes back to say,
Speaker 3: it doesn't matter how much bitcoin you had, if it
Speaker 3: doesn't matter how when COVID lockdown, that shit locked down,
Speaker 3: most people were fucked. That's just the situation that people
Speaker 3: were in. I don't care if you if you believed
Speaker 3: in it or you didn't believe in it. Your business,
Speaker 3: if it was a physical business, was closed down. Whether
Speaker 3: you got jabbed, wore a mass, didn't liked it, didn't
Speaker 3: like it, that was the outcome that was naturally happening.
Speaker 3: But then you had the ability to make money online.
Speaker 3: That was a pendulum singing. That was your freedom pocket. Dude.
Speaker 3: The amount of money people made during COVID online was crazy.
Speaker 3: But the people physical brick and mortar, Nope. And now
Speaker 3: the pendulum swing of oh things opened back up. A
Speaker 3: ton of businesses started making a ton of money in person.
Speaker 3: So you have these pendulum swings of censorship, decentralization, censorship, decentralization,
Speaker 3: and it's capitalizing on these pockets prior to being in
Speaker 3: a situation where you end up like China, where now
Speaker 3: everything's credit controlled systems, you, everything's we chat, everything's face ID,
Speaker 3: your Tesla needs to be under a certain credit score
Speaker 3: connected to your idea in order for you to charge
Speaker 3: the fucking vehicle. And it's absolutely insane. So I don't
Speaker 3: know if Elon Musk using the AX app now that
Speaker 3: has over fifty it has all fifty states the ability
Speaker 3: to remit money. I don't know if he's going to
Speaker 3: create a super bank with X. That's my opinion, That's
Speaker 3: what I think he's going to do. But what happens
Speaker 3: when X becomes the weak chat, the the week chut
Speaker 3: of North America. Now you have the censorship that you're
Speaker 3: kind of going to be fucked up on because you
Speaker 3: have the head of technology that's always at the cusp
Speaker 3: of everything, so that you have this guy that runs
Speaker 3: your vehicle, so he has probably the best understanding of
Speaker 3: public of transport. He has satellites that are shot in
Speaker 3: the space. He owns the AI that gets plugged into
Speaker 3: your brain. He owns this rocket ships, he owns the AI,
Speaker 3: and he owns the social media platform that feeds the AI.
Speaker 3: All he has to do is control a couple of things,
Speaker 3: and she gets really really intense, really fast, very scary.
Speaker 3: So the goal is before these things get introduced which
Speaker 3: are obvious. Look at skynet and rut in China it's coming.
Speaker 3: How can you create and utilize these pockets of decentralized
Speaker 3: wealth creation to not have to face the reality of
Speaker 3: living in these states? So how can I you? I
Speaker 3: think building digital businesses outside of a specific ecosystem that
Speaker 3: is like Instagram or Facebook. If you're limited to like
Speaker 3: one social platform or one specific avenue, it can be
Speaker 3: extremely difficult. Number two is you need something that is
Speaker 3: low risk, high reward, and usually it comes from service
Speaker 3: based businesses. So when you have to expend your life
Speaker 3: force energy to receive money, so your only expense if
Speaker 3: you don't have a lot of money, is your time
Speaker 3: and your energy, which isn't worth much because you don't
Speaker 3: you can't produce much. So I think digital businesses something
Speaker 3: is scalable. I think physical business, service based businesses, something
Speaker 3: that is low risk, high reward that doesn't take a
Speaker 3: lot of startup costs, and you need to build an
Speaker 3: AI proof business. I met with one of the founders
Speaker 3: of open ai a couple of years ago. AI proof
Speaker 3: business or use ai, use ai, yes, but what the
Speaker 3: AI boom took place? You had a couple of businesses.
Speaker 3: You had the I businesses that emerged, and you had
Speaker 3: let's use AI to beef up our business. When I
Speaker 3: met with this guy a couple of years ago, he
Speaker 3: said build. He's like, yeah, AI is just a lot
Speaker 3: lot of things. What you need to figure out is
Speaker 3: what can a I never replace or what is the
Speaker 3: hardest thing or the hardest mote for AI to replace.
Speaker 3: So that's what you're going to build your business on.
Speaker 3: Is the hardest mote that I can can can not bypass,
Speaker 3: which is what community, personal development, the things that AI
Speaker 3: can do, physical things, the things that AI can't do
Speaker 3: for you. So I shifted capital club, I shifted all
Speaker 3: my businesses to turn them not as AI companies but
Speaker 3: as AI proof companies. My companies aren't crypto companies. My
Speaker 3: companies are crypto friendly companies. So it's like, as the
Speaker 3: narratives emerge and as the narratives change. Because I don't
Speaker 3: make any irreversible decisions, I'm able.
Speaker 1: To pivot digital businesses low risk, high reward, which are
Speaker 1: basically service based businesses because you're just contributing your time
Speaker 1: and labor. Low risk because you don't have to put
Speaker 1: up capital, so you can bootstrap them. I agree with
Speaker 1: all that AI proof. I mean, sure you have the
Speaker 1: physical or you could use AI. I mean you could
Speaker 1: look at like I mean, I think trying to become
Speaker 1: a lawyer or a doctor today.
Speaker 3: Like if you're starting your career now, you're you're gonna
Speaker 3: go to college.
Speaker 1: I'm gonna go to college and be a doctor or
Speaker 1: a lawyer like man that's probably gonna be replaced in
Speaker 1: this and.
Speaker 3: That The difficulty hear is the fact that you're competing
Speaker 3: against an institutionalized establishment that not only has proven its
Speaker 3: inaccuracy and invalidity to be an institution like these big universities, Harvard, Dale,
Speaker 3: all these things. All we have to do, dude, is
Speaker 3: let's take every every single one of the president's CEOs
Speaker 3: of all these top universities, run all of their papers,
Speaker 3: every single paper, essay, video conference, every single presentation, keynote
Speaker 3: that they've ever done, and let's find plagiarism. Let's find
Speaker 3: plagiarism in their work, and we discredit half of the
Speaker 3: fucking universities automatically off rip. Not only that, but we
Speaker 3: also have to understand that the universities today are political weapons.
Speaker 3: They're not educational institutions. They are political, dogmatic, government controlled ecosystems.
Speaker 3: So when your entire narrative is you're the age of
Speaker 3: eight and your fucking first grade teacher asks you what
Speaker 3: is your dream job? Not what do you want to
Speaker 3: not what do you want in life? You know, hey,
Speaker 3: how was your day with your parents? You know, go
Speaker 3: respect your mom and your dad. Know what is your
Speaker 3: dream job? The moment you're born, you're fucking curated into
Speaker 3: the system. Unless you unplug and wake up and realize
Speaker 3: that they're treading on you. You're not gonna tell them
Speaker 3: don't tread on me, motherfucker. So you need to have
Speaker 3: this enlightenment. This this this wake up reality check.
Speaker 2: Dude.
Speaker 1: Yeah, nobody was the I want to start my own
Speaker 1: online digital community. Wasn't on my bingo card. My little
Speaker 1: brother sells Pokemon cards online and makes good money like
Speaker 1: that wasn't on the choice right, So to your point.
Speaker 3: Yeah, I love all that.
Speaker 1: So let's go ahead and close it out here. So
Speaker 1: what's the what's the advice?
Speaker 3: You said?
Speaker 1: You can see the future. You see future trends. I
Speaker 1: don't want to say you can predict the future, but
Speaker 1: you see these future trends. So you've already kind of
Speaker 1: laid that out, so frame it of fourth one more time.
Speaker 3: We'll kind of close it out and give us abe
Speaker 3: let's frame it out. Let's frame it out specifically. I
Speaker 3: actually wrote a medium article where I think I posted
Speaker 3: it January first, where I posted my predictions for twenty
Speaker 3: twenty four. So I created an article in three specific
Speaker 3: niches the your commerce niche, your markets, your money and
Speaker 3: market sniche, and then you're gonna have your crypto, which
Speaker 3: I think are going to be the three overlining narratives
Speaker 3: of twenty twenty four. So let me go ahead and
Speaker 3: pull this up through my eight months of research for
Speaker 3: twenty twenty four. I kind of put this into perspective,
Speaker 3: so you can just type up twenty twenty for Luke
Speaker 3: bellmar predictions two minute read. We'll link it in the
Speaker 3: show notes too. So in the beginning, we have e commerce.
Speaker 3: So these are trends for twenty twenty four. The first
Speaker 3: one is e commerce direct to consumer brands begin to
Speaker 3: receive a new wave of funding in private equity investments.
Speaker 3: So if you look at twenty twenty one twenty twenty two,
Speaker 3: private equity when it comes to e commerce tanked completely.
Speaker 3: I see another research of investments into IP and into
Speaker 3: brand in the e commerce niches. So for all these
Speaker 3: drop shippers, all these white labelers, begin to understand that
Speaker 3: there's going to be businesses that are going to be
Speaker 3: buying business, which I think they're going to be good
Speaker 3: to talk to you to get well positioned. Next is
Speaker 3: INFO products will begin to legitimize themselves and directly compete
Speaker 3: with universities and learning institutions. So now why would I
Speaker 3: listen to this professor that's never been overseas about international
Speaker 3: business when I can go and sit down with somebody
Speaker 3: that has international business experience and just listen to them
Speaker 3: on YouTube. So now you have e learning, which has
Speaker 3: been like almost any phase of new technological advancement, usually
Speaker 3: gets capitalized and captured by low interest and more predatory individuals.
Speaker 3: So you look at twenty seventeen, twenty fifteen, twenty fourteen, crypto,
Speaker 3: it was more scammy, right because it's brand new. There
Speaker 3: isn't real shit built on it. It's the same thing
Speaker 3: with INFO products and e learning. The first people on
Speaker 3: the initial wave was the people that could mil the
Speaker 3: money off. But today you have real, real learning institutions
Speaker 3: online that are competing with the best of the best.
Speaker 3: I see this as a trend in twenty twenty four.
Speaker 3: Next is political themed e commerce and drop shipping, so
Speaker 3: all twenty twenty four because it's an electionnaire. Yes massive.
Speaker 3: I made a ton of money selling a Donald Trump
Speaker 3: coin last election. So it was just a coin that
Speaker 3: had Donald Trump's profile face and it was your memorabilia token,
Speaker 3: and people bought a ton of it. I think these
Speaker 3: do extremely well.
Speaker 1: Shout out to my radio sponsor, universal Coin, and boy
Speaker 1: on they make a special Donald Trump gold coin. So
Speaker 1: if you want to get actual goalcoin, check out universal Coin.
Speaker 3: Yes, so it's not that drop shipping coin. Yeah, it's
Speaker 3: actually real one. Next, you have dominant influencers continue to
Speaker 3: build scale and sell irl businesses. So now you're going
Speaker 3: to begin to see influencers the likes of mister Beast
Speaker 3: and the likes of Luke belmar be in a situation
Speaker 3: whereby you're building collateral businesses like the Nile River that
Speaker 3: we were talking about, as proxy small empires around your
Speaker 3: traffic source. So I see a lot of content creators
Speaker 3: now no longer doing merged these simple kind of basic
Speaker 3: one O ones of commerce, but utilizing their audiences and
Speaker 3: building real products. So now you can translate loyalty from
Speaker 3: here to loyalty here, and once you have loyalty on
Speaker 3: the product, you can sell that company.
Speaker 1: Yeah.
Speaker 3: I love that. Now. NEXTUS Health Longevity and Wellness becomes
Speaker 3: a top white hat monthly recurring revenue e commerce niche
Speaker 3: So I think it was Universal Talent Agency or Universal
Speaker 3: Talent Management that manages all the top guys. Gary Brickett
Speaker 3: told me this. He said they did a massive report
Speaker 3: as to what are the emerging trends in niches and biohacking, longevity,
Speaker 3: health and wellness and anti aging were at the top
Speaker 3: over any other category in all of commerce. So I
Speaker 3: see that being becoming super powerful. Next, I'm big on Shopify,
Speaker 3: So anytime Shopify keeps ramping up, I love it. Money
Speaker 3: and Markets the US continues spending. Nothing new there. We
Speaker 3: already know it, that spiral boom everything that we already know.
Speaker 3: Bitcoin ETF gets approved. Obviously this was written a couple
Speaker 3: of days ago. But now I see a big narrative
Speaker 3: towards ethereum METF. We are going to get in etherym
Speaker 3: METF eventually. It is inevitable when you begin to look
Speaker 3: at all these big companies. They all that bitcoin is
Speaker 3: a financial instrument where they can take a fee, make
Speaker 3: some money and have market dominance. Why wouldn't they They
Speaker 3: do the same with ethereum, and why wouldn't they do
Speaker 3: that the same with a basket of crypto assets. They might,
Speaker 3: so it's worth considering at least paying attention. Next, you
Speaker 3: have your competing layer ones, So you have Salaana, you
Speaker 3: have a vactually have these other kind of chains that
Speaker 3: people like to have high frequency trading ecosystems take place. So,
Speaker 3: for example, you have this whole shitcoin ecosystem, which people
Speaker 3: like it. Hete it. It's irrelevant, it's a system that exists.
Speaker 3: Bitcoin can't sustain that ecosystem because Bitcoin isn't designed for
Speaker 3: high frequency trading. So now you see a lot of
Speaker 3: layer ones that are designed for people that want to
Speaker 3: buy six dollars worth of something and it's only going
Speaker 3: to cost them a fraction of a penny. There's a
Speaker 3: market for that. I think that that's going to be
Speaker 3: one of the arratives that's going to be taking place
Speaker 3: when it comes to money in markets. So anything that's
Speaker 3: layer ones that dominate with high frequency trading, I think
Speaker 3: it's going to be dope. PayPal and Robinhood stock super
Speaker 3: underperformed stocks. I think now that the market begins to
Speaker 3: take form, I think that there's a high likelihood that
Speaker 3: these stocks perform extremely well. Venture capital, private equity begins
Speaker 3: to invest into crypto infrastructure, so a lot of companies
Speaker 3: that are risk adverse towards projects that have token allocations
Speaker 3: and tokens. There's companies that will not touch this for
Speaker 3: legal purposes, but they will still buy infrastructure in crypto.
Speaker 3: They will still buy SaaS and crypto. So for builders,
Speaker 3: you don't necessarily need to launch a token. You don't
Speaker 3: necessarily need to build something that's what's already been built.
Speaker 3: You can build a crypto friendly company that is of
Speaker 3: interest for people that are in the crypto space, but
Speaker 3: that isn't tied to crypto specifically.
Speaker 1: And shout out to my fund, Bitcoin Opportunity Fund. We're
Speaker 1: investing in through the infrastructure of the bigoin ecosystem.
Speaker 3: Perfect. So now you have the example right, So now
Speaker 3: you can invest not in tokens, but in that sustain
Speaker 3: the crypto ecosystem. I see a massive narrative there for
Speaker 3: crypto and DeFi. DeFi platforms shift focused to reducing retail
Speaker 3: onboarding friction and begin to compete head on with centralized exchanges.
Speaker 3: So you have the likes of Jupiter Exchange or Phantom wallet.
Speaker 3: If if I was to show you Phantom wallet right now,
Speaker 3: I download the phantom wad. In thirty seconds, I open
Speaker 3: up Jupiter Exchange, somebody sends me USDC, and I'm trading.
Speaker 3: In ten minutes for me to open up a Robinhood account,
Speaker 3: get kyced, fund it connect ah, connect my card, get
Speaker 3: it funded, buy some bitcoin takes a long time. I
Speaker 3: see DeFi very soon competing hand head on hand hand
Speaker 3: with centralized exchanges, with your wee bowls, with your e trades,
Speaker 3: with your merit trades. DeFi is getting really really crazy,
Speaker 3: and it's getting really really well funded. So I'd be
Speaker 3: looking at these NFTs with high viral IP become multi
Speaker 3: billion dollar brands. So NFTs are merely your ability to
Speaker 3: hold onto a percentage or a piece of a company
Speaker 3: or be part of a community. Companies that have high
Speaker 3: value IP that can merge into the real world are
Speaker 3: going to do extremely well. You have the likes of
Speaker 3: Pudge Penguins. You have a couple other companies that are
Speaker 3: doing extremely well, these are worth considering and looking into
Speaker 3: only if they have real world applications. You look at
Speaker 3: the likes of you talked about Pokemon, right, Pokemon, that's IP,
Speaker 3: So you're not investing in Pokemon cards, You're investing into
Speaker 3: the IP that gives the Pokemon cards value. And I
Speaker 3: think that that's one of these narratives that's going to
Speaker 3: be taking place. Next is tokenized assets under management. So
Speaker 3: I see a big play. Larry Fink's begins and has
Speaker 3: been talking about the tokenization of all real world assets. Everything,
Speaker 3: real estate, mortgages, your bank statements, your car loan, your house,
Speaker 3: anything is going to be tokenized. So companies that begin
Speaker 3: to build portfolios or begin to take money in to
Speaker 3: manage assets in a tokenized format, I think are to
Speaker 3: be kind of extremely popular. Next, we have more publicly
Speaker 3: traded companies begin to add bitcoin to their balance sheets.
Speaker 3: I think, now that you had this reporting system kind
Speaker 3: of up, my companies have bitcoin in their balance sheet,
Speaker 3: it's never gonna it's never gonna leave. I think more
Speaker 3: public listed companies are going to begin adopting it. I
Speaker 3: think that's gonna be huge. And then one of the
Speaker 3: big ones is Layer one Smart contracts focused on parallel
Speaker 3: execution of the EVM, which is the Ethereum Virtual Machine
Speaker 3: become popular. So this is basically l ones or different
Speaker 3: projects that allow Ethereum to not operate like a piece
Speaker 3: of shit, because right now it operates like a piece
Speaker 3: of shit. And then finally, the big one for the
Speaker 3: end of the year is the middle class officially gets
Speaker 3: priced out of buying one full bitcoin.
Speaker 1: Certainly a few of those are going to play out.
Speaker 1: Sounds pretty good, sounds pretty ambitious. All right, Well man,
Speaker 1: we've covered a lot of ground. I think that's probably
Speaker 1: a good place to break it off. Thanks for having me.
Speaker 1: That's so we'll focus on for next year. Position yourself
Speaker 1: in one of those areas. If I'm going to summarize
Speaker 1: this for people listening, focus on yourself. Work for free
Speaker 1: so you can build a skill, deliver the skill to
Speaker 1: the to the marketplace for free, and tell someone wants
Speaker 1: to pay you for it. Once you've created that wealth,
Speaker 1: learn to control where you work and when you work,
Speaker 1: and then parlay that money into some places that you
Speaker 1: can multiply that wealth. Here's a whole bunch of themes
Speaker 1: that you can do this and continue to build your wealth.
Speaker 1: And grow your wealth and then.
Speaker 3: Protect it so you can protect your freedom and sovereignty.
Speaker 3: Can I mention the protection real quick? The protection I
Speaker 3: divide it into two things. And this is kind of
Speaker 3: a left left kind of curveball. It has nothing to
Speaker 3: do with yourself. It has to do with the people
Speaker 3: that you bring. So to preserve your wealth, you need
Speaker 3: a wealth. You need it. You need you need a
Speaker 3: financial advisor, a financial planner. You can't assume that just
Speaker 3: because you said just because you're good in one business
Speaker 3: doesn't mean you're good in every business. And just because
Speaker 3: you're good at making money doesn't mean you're good at
Speaker 3: keeping it. Yeah. So in my life, the first thing
Speaker 3: I did as soon as I began to make a
Speaker 3: little bit of money, I found a financial advisor or
Speaker 3: a financial planner that had my risk appetite or understood
Speaker 3: my risk appetite and could help me position a portfolio.
Speaker 3: Whether it was a mentor, it was somebody that's a
Speaker 3: CPA and actually specialized in this. I have found these people.
Speaker 3: Next is a financial role model. So if I want
Speaker 3: to preserve my wealth, I need to look at somebody
Speaker 3: that's been able to do this model prior and take
Speaker 3: from them, right, So take from their ingredients, take from
Speaker 3: their recipes, and put something together for me. Take the
Speaker 3: likes of Warren Buffett. Warren Buffett has his principles of
Speaker 3: if you're too diversified, you're ignorant, right deal box? Yeah, so,
Speaker 3: or if you invest everything into one, you're putting both
Speaker 3: feet into the lake. Too much risk. So somewhere with
Speaker 3: them there is his financial model of wealth preservation. You
Speaker 3: need to find who kind of aligns with you, learn
Speaker 3: from them, become mentored by them, find a financial advisor
Speaker 3: that can help you manage this area, which is very
Speaker 3: different than making money and being an entrepreneur. And I
Speaker 3: think having advisors, having counsel and having people that do
Speaker 3: this management in store for me and kind of think
Speaker 3: about the future of what I've already built, have been
Speaker 3: able to position me for the preservation of wealth. Awesome
Speaker 3: that was to sign it off. Thank you, Billmer, Thank
Speaker 3: you for having me Mark Moss such a pleasure. Likewise,
Speaker 3: all right, that's a wrap.
Speaker 1: Hopefully you've enjoyed this interview I did with Luke belmar Boy.
Speaker 1: I know he's young, but don't overlook his accomplishments because
Speaker 1: of his age.
Speaker 2: There's a wealth.
Speaker 1: Of wisdom that we can all learn because we can
Speaker 1: learn from anything and anybody, but specifically we can learn
Speaker 1: from somebody who came from nothing and made that much money.
Speaker 1: Make sure to give him a follow. Check out all
Speaker 1: those links down below. Also, like I said, join me
Speaker 1: live as we talk about how we're going to navigate
Speaker 1: what's happening with our central bank and our government and
Speaker 1: really about the world.
Speaker 2: I'm going to show you all the charts to graphs.
Speaker 1: How we should be building our portfolios to deal with
Speaker 1: this so we can survive and three twenty twenty four
Speaker 1: without dealing with all the volatility.
Speaker 2: There's a link down below. Come join me. That's what
Speaker 2: I got. Hope you enjoyed it.
Speaker 3: To your success out