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Speaker 1: After twenty two years of being a Titan on Wall

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Speaker 1: Street and starting his own firm.

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Speaker 2: Tony Kasaik is walking away.

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Speaker 1: What to say the Ugly Side? Hooking and only Inside We'll.

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Speaker 2: Interview insiders and other titans of all types of industry,

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Speaker 2: offering advice, sharing stories of adversity.

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Speaker 1: This is another episode of The Inside Show.

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Speaker 2: Welcome to Cannabis Talk one on one's Financial Fridays with

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Speaker 2: the Inside investor Tony ka We're the world's number one

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Speaker 2: source for everything Cannaba.

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Speaker 3: The information provided by Financial Friday and Tony Kasai is

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Speaker 3: for general information entertainment purposes only and should not be

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Speaker 3: considered as professional financial advice. Consult with the professional before

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Speaker 3: making any financial decisions.

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Speaker 1: Oh ho ho yo yo yo. Happen to hear your

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Speaker 1: happy holidays. I don't know where you're at, what you're doing,

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Speaker 1: or what day of the week it is for you,

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Speaker 1: But over here at the CT one on one iHeart Studios,

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Speaker 1: it is Financial Fridays for us. I'm your host, Tony

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Speaker 1: Kasan and I'm here to get your mind right in

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Speaker 1: your money game. Tight. Feel free to leave me a

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Speaker 1: financial question anytime. At one eight hundred nineteen eighty You

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Speaker 1: could also connect with me directly on Instagram at the

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Speaker 1: Inside Investor. Now you all know that my number one

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Speaker 1: rule of money is that your health is your wealth.

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Speaker 1: You can't be wealthy if you're not healthy. Of course,

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Speaker 1: that's why we send all our friends, family and colleagues

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Speaker 1: to my concierge, doctor mister Matt Chalmers. You guys, Chalmers

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Speaker 1: is doing something really special. This is the Ted talk

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Speaker 1: we keep talking about. And again the reason we're talking

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Speaker 1: about this is we want to help the community. He's

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Speaker 1: dropped this Ted talk. They're shadow banning him, and what

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Speaker 1: it's doing is it's telling you or its teaching people

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Speaker 1: that yes, you can help addiction issues. You can help

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Speaker 1: the opioid crisis by using medical grade cannabis. This is

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Speaker 1: not just off the top of his head. This is

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Speaker 1: something that he's put some research into. They invited him

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Speaker 1: on the show. He's doing the Cincinnati Ted Talk and

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Speaker 1: then it's actively being suppressed. If you guys can support that,

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Speaker 1: please go to our website Cannapis Talk one on one.

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Speaker 1: You can see Charmers wellness there, you can see the video,

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Speaker 1: share it, tag it. Please try to spread that message

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Speaker 1: and if you want to hear more about what Charmers

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Speaker 1: is doing with his clients and myself. Go to Charmers

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Speaker 1: Wellness dock com or call him directed two one four

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Speaker 1: four four six fifty three hundred. Now that weird, elefant

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Speaker 1: sounding noise you heard at the beginning is my feeble

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Speaker 1: tip at honking the New Year's Eve horn. Obviously, we're

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Speaker 1: here in the holiday spirit. We got a skeleton crew

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Speaker 1: here coming back from MJ biscon The staff has been

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Speaker 1: grinding out resetting the show set. Shout out to Connor

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Speaker 1: and Daniel helping us out close out the year with

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Speaker 1: a couple of good shows for you guys. If you

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Speaker 1: heard the last episode, that was a Christmas episode with

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Speaker 1: Steve Koklow the Kingsnake, He's doing something for the audience,

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Speaker 1: you guys. There's nothing more annoying than starting the new

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Speaker 1: year without a freaking formula, without a plan. And this

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Speaker 1: man is a five time IBFF World champion, he's a

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Speaker 1: former Miss USA. He's somebody on Miss USA, mister mister Usa,

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Speaker 1: and uh, he's somebody that's become a good friend of mine. Obviously,

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Speaker 1: you know, being a bodybuilder and being in the fitness space,

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Speaker 1: but he's also an entrepreneur he won on the Shark Tank.

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Speaker 1: And one thing he's doing for the CT one on

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Speaker 1: one audience and the Financial Friday audience is he's putting

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Speaker 1: together something with myself called the Unstoppable in twenty twenty

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Speaker 1: four or what we're going to do here, and we're

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Speaker 1: not selling you anything. It's a free webinar and we're

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Speaker 1: gonna do that January fourth. It's on a Thursday. And

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Speaker 1: the plan for that is you log in, you're gonna

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Speaker 1: be able to talk to him directly. He's gonna give

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Speaker 1: you a blueprint. Because one thing he's taught me going

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Speaker 1: into the new year, especially when it comes to fitness

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Speaker 1: and your mindset and your money, is everybody has all

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Speaker 1: these dreams in these plans for next year. They always

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Speaker 1: wait until the week before to set their resolutions. They

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Speaker 1: hit the new year. And obviously, being a gym rat

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Speaker 1: that he is, he tells me these stories right like,

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Speaker 1: right now the gyms are dead. January second, gyms are

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Speaker 1: going to be packed, and by February first, they're dead again.

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Speaker 1: So if you're tired of setting resolutions, both financially both physically,

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Speaker 1: that's something that we wanted to do. Now this dude

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Speaker 1: charges thousands of dollars for his coaching, but this is

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Speaker 1: something he's doing for the audience. You can talk to

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Speaker 1: him direct and snap some pictures, and it's something we're

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Speaker 1: going to be doing. So again, that's gonna be January fourth.

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Speaker 1: I'll drop the link here at the end, but that's

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Speaker 1: something we want to do now for this year on show.

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Speaker 1: I thought nothing better. Obviously, we've had some great guests

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Speaker 1: this year. I just want to kind of speak to

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Speaker 1: you guys from the heart and tell you a little

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Speaker 1: bit about this year, what worked for me, what hasn't

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Speaker 1: worked financially, give you guys a recap. Connor's here sitting

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Speaker 1: with me right now, one of the last few people

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Speaker 1: that hasn't gone on vacation yet, and I asked him

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Speaker 1: to just chime in when he's ready, because Connor's, you know,

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Speaker 1: a younger kid yet he's a hustler. He's putting his

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Speaker 1: dues here. You can tell he's going to be with

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Speaker 1: the family for a long time. But I love having

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Speaker 1: people that have just started to roll with me. I

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Speaker 1: want him to ask questions as well, because I imagine

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Speaker 1: people sitting at home sometimes they'll hear something they won't

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Speaker 1: ask me a question, and nobody better than Connor's. So

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Speaker 1: wrapping up the year, guys, you know I look back

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Speaker 1: at this past year is man, I got my ass

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Speaker 1: kicked the first half of the year. To be honest

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Speaker 1: with you, anything that could go wrong went wrong. And

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Speaker 1: now this isn't a negative talk, but I want to

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Speaker 1: tell you the lessons that I learned and the things

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Speaker 1: that I would do again different because one thing I've

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Speaker 1: learned about life at this point, man, and I'm about

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Speaker 1: to turn forty seven, I'm forty six years old. But

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Speaker 1: every year, just when I think I got shit figured out,

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Speaker 1: life kind of sends these curve balls after you. Right.

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Speaker 1: My buddy calls it the force of average. It's just

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Speaker 1: this energy out there in the universe, the right when

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Speaker 1: you think you got shit figured out physically, financially, spiritually,

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Speaker 1: in your relationships, it just throws a curveball at you.

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Speaker 1: And you know, my mom used to say this when

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Speaker 1: I was going through my rough patch. And if you

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Speaker 1: guys have heard the first episode, you know the rise

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Speaker 1: and fall and the rise and falls I've had financially

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Speaker 1: and in my career. But thinking back now, every year,

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Speaker 1: just when I thought I figured out things changed, So

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Speaker 1: I've realized that life. You know, my mom would say, well,

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Speaker 1: how do you keep going? I'm like, well, it's not

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Speaker 1: over till you're debt. And a lot of my friends

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Speaker 1: that were struggling this year, we kind of started doing

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Speaker 1: our own mastermind and talking like, what's been working? Why

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Speaker 1: is it that this year everybody started hitting you know,

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Speaker 1: all of a sudden, it seems deals are falling apart.

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Speaker 1: People are coming out of the woodworks and not paying

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Speaker 1: back debts, not adhering to their contracts, and a lot

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Speaker 1: of these deals, hundreds of millions of dollars deals. I'm

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Speaker 1: seeing her falling apart and what's the why is that happening?

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Speaker 1: And I got a couple of theories on that. First

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Speaker 1: thing is, if you look back the past twenty four

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Speaker 1: I'm going to take these silly twenty twenty four glasses

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Speaker 1: down before the staff starts making some blooper videos off

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Speaker 1: of them. But if you look back man the past

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Speaker 1: couple of years, obviously through the pandemic and seeing the

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Speaker 1: whole world shut down, if you look at some of

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Speaker 1: my content I was I was talking about, you know,

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Speaker 1: we were living in a human worldwide sye op almost right,

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Speaker 1: if you think about it, For the first time in

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Speaker 1: the history of humanity, the entire world shut down at

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Speaker 1: the same time, right, and we're talking from fast food

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Speaker 1: to every industry. Cannabis ended up being you know what

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Speaker 1: do they call it? Was that word card essentially? Yeah, somehow, somehow, guns, alcohol,

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Speaker 1: and cannabis became essential businesses. Gun stores were open, liquor

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Speaker 1: stores were open, cannabis stores were open, strip clubs were open,

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Speaker 1: but everything else was closed. So that's when I knew, you, man,

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Speaker 1: some shit like this is just we're in batchit crazy world. Right.

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Speaker 1: Then again, not to live backwards or go down with

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Speaker 1: conspiracy theories and rabbit holes, but it goes back to

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Speaker 1: why are things financially for a lot of my good

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Speaker 1: friends that were doing well, Why did it seem like

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Speaker 1: this year really became an ass kicker for the first

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Speaker 1: half of the year. And I have several theories. The

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Speaker 1: first one I don't think anybody can debate is that

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Speaker 1: there was so much now once they shut off the world,

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Speaker 1: they flooded the world with free money, at least the

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Speaker 1: United States. Right, if you could fog a marry, you

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Speaker 1: were getting a check. If you could fill out a document.

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Speaker 1: You were getting PPP, this p that you know, tax

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Speaker 1: breaks and people that were shut venues that were shut down,

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Speaker 1: we're getting hundreds of the airlines got bailed out again,

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Speaker 1: you know. So there's so much free money pumped into

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Speaker 1: the system, and there's a lot of people that realize, well, shit,

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Speaker 1: you know, I'm on a single income. I have one

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Speaker 1: source of revenue. And one of the first lessons I've

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Speaker 1: learned in the past three years that if you guys

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Speaker 1: have taken notes, you know, there's some gems that I'm

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Speaker 1: going to drop on you. But one thing that I've

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Speaker 1: learned the past four to five years, excuse me, the

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Speaker 1: past three years, has been not to rely on one

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Speaker 1: source of revenue. Right, it doesn't matter what you're doing,

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Speaker 1: if you're a doctor, a lawyer, a dentist, a media, tech,

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Speaker 1: whatever industry you're in. Primarily we were taught to kind

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Speaker 1: of chase that career path right and go down one

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Speaker 1: put all your energy to becoming a lawyer, for example. Right.

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Speaker 1: And what you've quickly realized throughout these throughout these shutdowns

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Speaker 1: was that anything can and will happen. You know, you

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Speaker 1: may lose your license, you're the government may shut you down.

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Speaker 1: So having alternative sources of revenue, having multiple revenue streams,

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Speaker 1: so if something happens there's a disruption in that industry,

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Speaker 1: you can replace that income without feeling like, oh shit,

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Speaker 1: I got to start over there. Right, So going back

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Speaker 1: to why are people you know, why do I see

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Speaker 1: a lot of business owner struggling right now? Why did

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Speaker 1: last year this year, you know, kick my ass? Personally,

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Speaker 1: I can only share with you what I've gone through

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Speaker 1: and be brutally, frankly honest and hope that this message

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Speaker 1: helps you and perhaps going into next year, we can

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Speaker 1: put these lessons in and become unstoppable in twenty twenty four.

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Speaker 1: So the first thing I want to do is give

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Speaker 1: you guys a blueprint, a map for next year, so

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Speaker 1: that you can literally say, all right, if I check

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Speaker 1: off these ten things. Tony told me that I'm going

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Speaker 1: to be financially set. Right, not financially set, but you're

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Speaker 1: going to protect yourself. You're almost like going into war

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Speaker 1: for twenty twenty four financially right, you want to have

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Speaker 1: the armor on. Well, these are the little things that

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Speaker 1: you can kind of just start protecting yourself. The first thing,

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Speaker 1: like I said, having a blueprint. You've heard me talk

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Speaker 1: about this almost on every segment. Your health is your wealth.

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Speaker 1: Why is that? Because I truly believe if you're physically healthy,

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Speaker 1: you know, in terms of making sure your alcohol is

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Speaker 1: in check, making sure you're the nutrition you put in

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Speaker 1: your body, you're not eating junk food. All just all

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Speaker 1: of this not just being words, but set defined goals

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Speaker 1: and action steps that you can take. On the last episode,

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Speaker 1: we touched on something called seventy five Hard that I did. Gosh,

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Speaker 1: it seems like about two years ago, and if you

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Speaker 1: look on my Instagram you can see the before and

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Speaker 1: after pictures. I mean I look like a beach well

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Speaker 1: in the before pictures and on the second picture on

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Speaker 1: day seventy six, I almost had a six pack. But

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Speaker 1: point is seventy five Hard was a program started by

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Speaker 1: Andy Frasella. Most of you know who that is. I

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Speaker 1: think's top three podcasts of the world. And Andy's got

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Speaker 1: a very structured regiment. I think it's a combination of

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Speaker 1: Navy Seals and Special Forces programs. But it's very intentional

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Speaker 1: and when you first look at it almost looks like

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Speaker 1: it's kind of too simplistic or why would you be

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Speaker 1: doing that? And the more I read into it and

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Speaker 1: discussed it with other people, it's because of the intention

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Speaker 1: behind it and going into that program as the first time. Basically,

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Speaker 1: for seventy five days, you go through a checklist and

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Speaker 1: you're like, here's what I got to do every day

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Speaker 1: for seventy five days straight, no days off. If you

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Speaker 1: miss one thing, you got to start over. And it's

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Speaker 1: based on integrity, and that alone is the first step,

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Speaker 1: being integrity, having integrity in yourself, being intentional with yourself

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Speaker 1: and your actions. And seventy five hard was nothing more

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Speaker 1: than a ten I believe seven or eight steps. First

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Speaker 1: one was no alcohol for seventy five days, which, quite frankly,

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Speaker 1: to me, I've never had an alcohol problem. But I've

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Speaker 1: also not gone seventy five days straight without drinking since

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Speaker 1: I probably had my first drink, quite frankly, right in

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Speaker 1: the industry that I'm in, financial services, media entertainment, it's

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Speaker 1: pretty hard, you know.

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Speaker 3: It.

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Speaker 1: Hats off one of my co hosts here, obviously, Joe Grannie,

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Speaker 1: has been sober on going on decades now, and he's

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Speaker 1: given back to the and I've learned a lot. So

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Speaker 1: I've sat in on calls with him when he's doing

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Speaker 1: his twelve Steps meetings online, et cetera. And I've soaked

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Speaker 1: up a lot of that, and I've identified things that

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Speaker 1: I could do to kind of make myself a better person.

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Speaker 1: And part of seventy five hard was, Yes, for seventy

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Speaker 1: five days straight, you're going to cut out all intoxic

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Speaker 1: its for me. I cut out cannabis as well. You

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Speaker 1: don't necessarily have to cut out cannabis. He doesn't mention that,

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Speaker 1: but alcohol specifically, there's no debate that that shit is

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Speaker 1: toxic for you. Right, So for seventy five days, I

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Speaker 1: went without drinking for seventy five days. Every day you

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Speaker 1: have to drink eight I believe it was twelve ounce

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Speaker 1: classes of water, which sounds easy, but believe it or not,

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Speaker 1: those are the things that everybody would fail on. So

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Speaker 1: I had a little reminder and I would check that off.

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Speaker 1: I would also read ten pages a shut up Connor. See,

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Speaker 1: this is what happens when we do a show on

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Speaker 1: the last day, essentially what I did on the seventy five.

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Speaker 1: So it's no alcohol, the ten pages of something either inspirational,

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Speaker 1: motivational or a business books. So basically not like you know,

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Speaker 1: Dean har Koons or Stephen King, but something that's going

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Speaker 1: to fuel your brain. So ten pages of intentional reading,

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Speaker 1: no drinking, eight cups of water. I would also the

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Speaker 1: key is two workouts, forty five minute workouts with a

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Speaker 1: break in between, one of them having to be outside again.

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Speaker 1: It sounds cheesy, but it's very intentional. If you're in

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Speaker 1: an area where it was snowing, you jumping jacks, do

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Speaker 1: push ups outside, one outside, one inside. You can walk

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Speaker 1: around the block for forty five minutes, being intentional with

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Speaker 1: working out and focusing on your body for forty five minutes. Man,

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Speaker 1: those were the best days. I would just go on

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Speaker 1: these walks and meditate, listen to podcasts, and there's so

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Speaker 1: much And as my brain was getting clear on day thirty,

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Speaker 1: day forty five, all of a sudden, these ideas were flown.

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Speaker 1: And I'm really envious of that time period, believe it

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Speaker 1: or not, because I haven't done it since. So in

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Speaker 1: addition to the reading, in addition of the walking, the meditation,

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Speaker 1: it was also journaling. And I believe there's one more

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Speaker 1: step that kind of skips my mind, but you can

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Speaker 1: just google it seventy five hard it's free. There's an

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Speaker 1: app that you can download for five bucks. I think

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Speaker 1: that you can actually get reminders and check marks. But

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Speaker 1: the reason I went off on that tangent is because

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Speaker 1: I did find the being intentional. On day seven, tventy six,

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Speaker 1: out of clarity, I look good. I was proud of myself.

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Speaker 1: I dropped a whole size of clothing. But it's taking

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Speaker 1: those little steps and getting into the new year and

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Speaker 1: having intentions. So on the third segment, today I'm gonna

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Speaker 1: talk to you, I'm gonna drop the link about the

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Speaker 1: event that we're doing, and it's it's just an online event,

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Speaker 1: it's free. It's something King Snake Steve Kuklo is doing

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Speaker 1: for us the audience. Financial Friday is a CET one

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Speaker 1: to one just to give you guys roadmap. It's going

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Speaker 1: to be live, it's gonna be fun. You can ask

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Speaker 1: them direct questions, and it's something I'm proud to bring

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Speaker 1: to you guys. He's also won an episode of The

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Speaker 1: Shark Tank. He got a deal from Damon, So a

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Speaker 1: lot of people love asking his you know, picking his brain,

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Speaker 1: especially now that he's turned a chapter of his life

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Speaker 1: going from famous celebrity worldwide from Schwarzenegger events et cetera

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Speaker 1: to now becoming a father. So i'd encourage you to

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Speaker 1: listen to that last episode, but more importantly, tune in

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Speaker 1: January fourth, Thursday. It's going to be six pm Central.

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Speaker 1: And that's something that I think at the least I

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Speaker 1: could provide you, guys value. Steve's going to do a

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Speaker 1: great job on that, and I want to give you,

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Speaker 1: guys your roadmap. So twenty twenty four, you are unstoppable. Well,

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Speaker 1: we're going to take a break. We'll be right back

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Speaker 1: on financial flights. Yeah, looking for better healthcare at a

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Speaker 1: better cost. There's nobody been right.

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Speaker 2: Back the Financial Friday five Canada's Talking One's Financial Friday,

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Speaker 2: Independent working insider investors.

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Speaker 1: You want to start providing at least solutions for their employees.

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Speaker 1: Your retention rate will increase and you don't have to

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Speaker 1: necessarily sponsors.

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Speaker 2: Welcome back to Cannabi's talking to One's Financial Fridays with

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Speaker 2: the insider Investors.

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Speaker 1: It's now the financial open enrollment. They've extended it through

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Speaker 1: the end of January. I believe right now you can

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Speaker 1: log in go to c WaterHealth dot com. It takes

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Speaker 1: five minutes. It's either going to be better insurance, cheaper,

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Speaker 1: insurance or they'll let you know the insurance you have

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Speaker 1: is great. Otherwise there's no cost to you. You get

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Speaker 1: a plan administrator. Check it out clearwaterhealth dot com. You guys,

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Speaker 1: we're back here on Financial Fridays, the year end recap.

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Speaker 1: I was trying to celebrate with my little horror noise,

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Speaker 1: but it sounded like a like an elephant that just

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Speaker 1: had a heart attack. So yeah, see, Connor's trying to

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Speaker 1: do it right now too. I think we need to

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Speaker 1: shop at a better party seating that. But we wanted

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Speaker 1: to end the year with the bang here and give

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Speaker 1: you guys some value. On the last segment, I was

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Speaker 1: talking about this thing that we're gonna do called the

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Speaker 1: Unstoppable in twenty twenty four. I'm super proud of that.

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Speaker 1: That's something we're gonna drop dailway fourth. So I'm gonna

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Speaker 1: give you guys the link. Drop the link below as

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Speaker 1: well so you guys can tap into that. So I

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Speaker 1: was talking about, you know, on the last segment, what

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Speaker 1: I've done in the past, but I want to talk

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Speaker 1: about this year and going back to more specifically the

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Speaker 1: things that kicked my ass and the lessons that I learned,

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Speaker 1: because I think the one thing I've learned from I

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Speaker 1: think this is a twenty fifth show we've done, by

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Speaker 1: the way now here at at CT one to one.

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Speaker 1: We've done it for about six months straight, so I'm

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Speaker 1: super appreciative of that. But one thing I've learned, man,

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Speaker 1: is sharing my message has brought so many people dming me,

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Speaker 1: dropping voicemails on the line here and telling me. By

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Speaker 1: you sharing your story, it stopped me from losing money,

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Speaker 1: or it stopped me from aligning with the wrong person.

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Speaker 1: So I thought I'd spend a few minutes telling you

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Speaker 1: about the multimillion dollar deals that got fucked up this

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Speaker 1: year for me and the things that I would do different,

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Speaker 1: because again, just when I thought I had shit figured out,

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Speaker 1: I was flying high the year before. Inside an Investor

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Speaker 1: Club was a private club that I started. We started

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Speaker 1: low and went all the way up to forty thousand

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Speaker 1: dollars a year. We shut it off at one hundred members.

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Speaker 1: We capped out. We did some amazing events together. First

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Speaker 1: event was here down in Newport Beach on a condo

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Speaker 1: that we bought with some of our partners. We held

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Speaker 1: an event at the rooftop. We went to a gun

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Speaker 1: club down the Street, did some fun adult chucky cheesing

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Speaker 1: type stuff, rented a party bus. The second event we

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Speaker 1: did was in Salt Lake City. We just invested into

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Speaker 1: a bunch of these Evera Bowl franchises, which Drew Brees

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Speaker 1: a big as a big investor. So a lot of

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Speaker 1: our students, if you will, are our partners or members

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Speaker 1: of the club, would pool money together, including my money

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Speaker 1: and my partner's money, and we would buy investments and

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Speaker 1: do cool shit together. That was tagline. We do cool

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Speaker 1: shit together. We buy shit together, and we have fun

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Speaker 1: doing it and we make money along the side. And

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Speaker 1: we ended up doing about eight or ninety these franchises

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Speaker 1: with them. Drew Brees came on board and agreed to

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Speaker 1: do about another fifty and the franchise is doing pretty good.

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Speaker 1: I think they have about eighty almost one hundred stores

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Speaker 1: open now between San Diego, Utah, and all the way

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Speaker 1: to the east coast. In addition to that, we bought

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Speaker 1: a phenomenal beach club out in Florida which was on

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Speaker 1: the water. We held that an event there. All our

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Speaker 1: people flew out there. We did another event in Hawaii.

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Speaker 1: We did an event at the rooftop of the Palms

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Speaker 1: hotel for my birthday and that was Coolio came by

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Speaker 1: rest in Peace, you know, one of his last performances

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Speaker 1: here that he did with us. My point is, I

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Speaker 1: did all that year before coming into this year. I

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Speaker 1: was riding high. We were maxed out on our membership.

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Speaker 1: We were buying a ton of assets with our friends,

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Speaker 1: with our family, and it was fun. You know. I

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Speaker 1: made investing fun again. And after getting burned out on

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Speaker 1: Wall Street and after getting screwed over, I was like, man,

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Speaker 1: I figured it out. You know. I figured out how

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Speaker 1: to have fun, which I love doing. I figured out

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Speaker 1: how to spend money, which I love doing. I was

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Speaker 1: throwing amazing, phenomenal events, which I love doing. And there's

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Speaker 1: nothing better than owning your own event and throwing your

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Speaker 1: own event. And I remember being at the Beach Club,

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Speaker 1: which was very mar a Lago style beach club in

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Speaker 1: Florida and North Florida on Saint Augustine, and you know,

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Speaker 1: it was cool. I was like, I remember standing on

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Speaker 1: stage with tears in my eyes and be like, man,

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Speaker 1: most people throw events at a hotel. Well, we bought

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Speaker 1: the hotel that were throwing our event at. It was

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Speaker 1: kind of like a badge of honor and the gal

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Speaker 1: who had brought us the deal was a distressed asset.

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Speaker 1: It was a great deal. There was a lot of

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Speaker 1: people that had offered more. We had a great contingency plan.

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Speaker 1: Our people put money in and we bought the club

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Speaker 1: closed ESCO above board. So again, you know, Kim in

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Speaker 1: this year, feeling like I'm bulletproof. I finally figured shit out.

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Speaker 1: Finally we structured the deal here with the guys at

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Speaker 1: Cannabis Talk one O one blewing myself and Joe and

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Speaker 1: friends for many years, but finally I was like, man,

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Speaker 1: let me bring my message to a bigger audience inside

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Speaker 1: or Vestor club was sold out with one hundred members.

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Speaker 1: So it was just another way for me to kind

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Speaker 1: of give more people access to the wealth of information

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Speaker 1: I had in my brain. So as the year starts,

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Speaker 1: you know, some of the investments that I've done with

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Speaker 1: my friends and family and colleagues, or some of the

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Speaker 1: gurus that I had surrounded myself with. Right as you

428
00:19:22,119 --> 00:19:25,040
Speaker 1: guys know, I'm a big proponent of personal development. I

429
00:19:25,080 --> 00:19:28,200
Speaker 1: was involved with many different organizations that I was paying

430
00:19:28,240 --> 00:19:30,159
Speaker 1: to be a part of. You know, don't kid yourself,

431
00:19:30,160 --> 00:19:32,600
Speaker 1: there is a pay to play component to anything when

432
00:19:32,600 --> 00:19:34,960
Speaker 1: it comes to wealth, and you're lying to yourself if

433
00:19:34,960 --> 00:19:37,440
Speaker 1: you think that's not the case. So in this case,

434
00:19:37,480 --> 00:19:40,919
Speaker 1: you know, I had my core mastermind that I was

435
00:19:40,920 --> 00:19:42,399
Speaker 1: a part of, that I was paying to be part of.

436
00:19:42,760 --> 00:19:45,639
Speaker 1: I met some additional friends that were throwing their own masterminds,

437
00:19:45,680 --> 00:19:48,160
Speaker 1: became part of theirs. Spoke at their events, they spoke

438
00:19:48,160 --> 00:19:50,080
Speaker 1: at mine, and that was kind of the world that

439
00:19:50,119 --> 00:19:53,560
Speaker 1: I was living in. And going back to that first segment,

440
00:19:53,640 --> 00:19:55,800
Speaker 1: like I said, I think the PPP money drying up,

441
00:19:55,840 --> 00:19:57,800
Speaker 1: there was a lot of I hate to use the

442
00:19:57,800 --> 00:19:59,520
Speaker 1: word dumb money, but it's a wall street where and

443
00:19:59,560 --> 00:20:01,800
Speaker 1: dumb money just means like when people it's like somebody

444
00:20:01,840 --> 00:20:04,560
Speaker 1: who wins the lottery, right, you know, if they were

445
00:20:04,600 --> 00:20:07,200
Speaker 1: just not just but let's say there's just a bus driver,

446
00:20:07,280 --> 00:20:09,480
Speaker 1: or they were just somebody who's making fifty sixty thousand

447
00:20:09,480 --> 00:20:11,439
Speaker 1: a year. Even myself, if all of a sudden I

448
00:20:11,520 --> 00:20:14,399
Speaker 1: hired a billion dollars tomorrow, I probably would do some

449
00:20:14,440 --> 00:20:17,760
Speaker 1: stupid shit, you know. So I think anybody money is

450
00:20:17,800 --> 00:20:19,640
Speaker 1: just relative. There's always going to be somebody who has

451
00:20:19,640 --> 00:20:23,640
Speaker 1: more or less. But when the whole world, especially let's

452
00:20:23,640 --> 00:20:25,640
Speaker 1: just talk about the United States came into the sum

453
00:20:25,640 --> 00:20:27,600
Speaker 1: of money, and all of a sudden, people who had

454
00:20:27,640 --> 00:20:29,560
Speaker 1: never had one hundred thousand dollars were getting a hundred

455
00:20:29,560 --> 00:20:32,639
Speaker 1: thousand dollars from the government. They were getting this money

456
00:20:32,640 --> 00:20:35,640
Speaker 1: they thought they didn't have to pay back. In fact,

457
00:20:35,680 --> 00:20:37,920
Speaker 1: I remember being in Vegas one time on a drive

458
00:20:38,000 --> 00:20:40,879
Speaker 1: through in Vegas was packed and there was people that

459
00:20:40,880 --> 00:20:42,560
Speaker 1: you could tell that had never been to Vegas before.

460
00:20:42,680 --> 00:20:44,399
Speaker 1: This is first check that they'd got. It was government

461
00:20:44,440 --> 00:20:46,200
Speaker 1: money that was supposed to be us for their businesses.

462
00:20:46,280 --> 00:20:48,560
Speaker 1: They were blown in Vegas. Point is, there was a

463
00:20:48,560 --> 00:20:51,080
Speaker 1: lot of dumb money in space, quite frankly, right in

464
00:20:51,119 --> 00:20:53,520
Speaker 1: all spaces. So I think a lot of people started

465
00:20:53,520 --> 00:20:56,840
Speaker 1: making investments, and unfortunately, a lot of sharks came out.

466
00:20:56,880 --> 00:20:58,639
Speaker 1: And that's something I didn't expect in the world that

467
00:20:58,680 --> 00:21:01,360
Speaker 1: I dived into. You see, I wasn't just hanging out

468
00:21:01,359 --> 00:21:03,399
Speaker 1: with the clubs. I wasn't just hanging out with my

469
00:21:03,480 --> 00:21:06,920
Speaker 1: friends smoking, drinking, you know, and designed to invest with them.

470
00:21:07,080 --> 00:21:09,240
Speaker 1: These were people that I was emulating, right, Guys who

471
00:21:09,280 --> 00:21:12,040
Speaker 1: had private jets, Guys who already had four houses and

472
00:21:12,119 --> 00:21:14,840
Speaker 1: a fifth vacation home. But all of a sudden, I realized, Man,

473
00:21:14,880 --> 00:21:16,439
Speaker 1: the world that I thought I'd come out of, I

474
00:21:16,480 --> 00:21:19,120
Speaker 1: was right back into it. Right. I'm surrounded by all

475
00:21:19,119 --> 00:21:21,240
Speaker 1: these Charlatans again, and all these people that are kind

476
00:21:21,240 --> 00:21:23,639
Speaker 1: of like, you know, the billionaires are not praying on

477
00:21:23,680 --> 00:21:26,040
Speaker 1: the millionaires, and the millionaires are praying on you know,

478
00:21:26,040 --> 00:21:28,119
Speaker 1: people that are just coming up. And everybody's trying to

479
00:21:28,200 --> 00:21:30,240
Speaker 1: chase you know, the next level up, and all of

480
00:21:30,280 --> 00:21:33,760
Speaker 1: a sudden, there's so much money. So I truly believe

481
00:21:33,800 --> 00:21:36,200
Speaker 1: that Connor is that a lot of people that suffered

482
00:21:36,240 --> 00:21:38,920
Speaker 1: this year was a result of people taking advantage of

483
00:21:38,960 --> 00:21:41,720
Speaker 1: them again, right, And I don't know if you hear that,

484
00:21:41,960 --> 00:21:44,440
Speaker 1: you know, going through your friends and circles.

485
00:21:44,000 --> 00:21:48,959
Speaker 4: But not totally, and especially after COVID, when you know,

486
00:21:49,240 --> 00:21:52,880
Speaker 4: the like you said, the economy got artificially stimulated, and

487
00:21:53,640 --> 00:21:56,000
Speaker 4: naturally there's going to be a recession after and so

488
00:21:57,119 --> 00:21:59,680
Speaker 4: you know, for for better or for worse, people are,

489
00:22:00,040 --> 00:22:03,159
Speaker 4: you know, gonna have their survival instincts kick in with

490
00:22:03,200 --> 00:22:06,400
Speaker 4: their money and everything. And so it's now jobs are

491
00:22:06,440 --> 00:22:10,160
Speaker 4: becoming harder to come by. You know, the zoom bubble

492
00:22:10,240 --> 00:22:14,119
Speaker 4: that happens isn't necessarily a thing anymore where you know,

493
00:22:14,800 --> 00:22:16,920
Speaker 4: people are having to work back in office again. It's

494
00:22:16,960 --> 00:22:21,840
Speaker 4: becoming few and far between. So you know, you're, oh, hope,

495
00:22:21,400 --> 00:22:24,040
Speaker 4: we're okay back there just came in.

496
00:22:26,119 --> 00:22:29,199
Speaker 1: But uh, but no, you're seeing a realignment. I think.

497
00:22:29,280 --> 00:22:31,280
Speaker 1: I think what you're saying is like, you know, the

498
00:22:31,320 --> 00:22:34,000
Speaker 1: world kind of fell off of taxes, right, rules that

499
00:22:34,040 --> 00:22:36,600
Speaker 1: we didn't think existed existed, and then all of a

500
00:22:36,640 --> 00:22:40,400
Speaker 1: sudden things that we never thought would happen would happen. Uh,

501
00:22:40,880 --> 00:22:42,840
Speaker 1: And now there really you know that a lot the

502
00:22:42,880 --> 00:22:44,920
Speaker 1: world is getting put back on the taxes. They're trying

503
00:22:44,920 --> 00:22:47,800
Speaker 1: to put Humpty back together again. And unfortunately some shit

504
00:22:47,880 --> 00:22:50,560
Speaker 1: fell through, and people that I didn't think would would

505
00:22:50,600 --> 00:22:53,240
Speaker 1: be bad partners, would be bad investors, or would be

506
00:22:53,280 --> 00:22:55,439
Speaker 1: bad people for me to trust me and my clients

507
00:22:55,440 --> 00:22:57,960
Speaker 1: and my friends and families money with once again started

508
00:22:57,920 --> 00:23:01,840
Speaker 1: to fucking me over. And that pain of losing not

509
00:23:01,920 --> 00:23:04,560
Speaker 1: just my own money but vouching for somebody else once

510
00:23:04,600 --> 00:23:07,359
Speaker 1: again came back to hamp me. And I'd be lying

511
00:23:07,400 --> 00:23:09,960
Speaker 1: to say if that was another embarrassing setback this year,

512
00:23:10,240 --> 00:23:12,320
Speaker 1: But the difference between this year and the first time

513
00:23:12,359 --> 00:23:14,359
Speaker 1: it happened to me with Wall Street, my buddy, you know,

514
00:23:14,720 --> 00:23:17,480
Speaker 1: my buddy, my former business partner, ended up in prison

515
00:23:17,520 --> 00:23:20,840
Speaker 1: for the Ponzi scheme. This time I had a plan

516
00:23:20,920 --> 00:23:23,119
Speaker 1: to get out of it, because immediately I had already

517
00:23:23,160 --> 00:23:24,840
Speaker 1: gotten out of it the first time. You follow what

518
00:23:24,840 --> 00:23:27,199
Speaker 1: I'm saying. So when you fall off a mountaintop and

519
00:23:27,280 --> 00:23:29,440
Speaker 1: you've already climbed back it, you took the short cut

520
00:23:29,520 --> 00:23:31,800
Speaker 1: back up the mountain. This time're like, fuck, I fell

521
00:23:31,880 --> 00:23:33,920
Speaker 1: off again, but you already know there's a short cut

522
00:23:33,960 --> 00:23:35,679
Speaker 1: backup top. I don't have to go back to the

523
00:23:35,760 --> 00:23:37,920
Speaker 1: drawing board. Right, So the first step is, all right,

524
00:23:38,000 --> 00:23:40,720
Speaker 1: let me realign my values again. Let me start surrounding

525
00:23:40,720 --> 00:23:43,120
Speaker 1: myself with people that didn't that I saw were doing

526
00:23:43,200 --> 00:23:45,840
Speaker 1: right by their people. Because there's two types of people

527
00:23:45,880 --> 00:23:48,560
Speaker 1: when they lose money. Right, when people lose money or

528
00:23:48,640 --> 00:23:50,639
Speaker 1: lose other people's money. Or if I give somebody my

529
00:23:50,720 --> 00:23:53,119
Speaker 1: money and I say, hey, we're going to invest together

530
00:23:53,480 --> 00:23:56,879
Speaker 1: into your restaurants, for example, right, and I'm trusting you

531
00:23:56,920 --> 00:23:59,000
Speaker 1: that you're going to run the restaurant, hire the right people,

532
00:23:59,080 --> 00:24:01,679
Speaker 1: fire the right people, and have the business model that

533
00:24:01,760 --> 00:24:04,560
Speaker 1: you presented to me that I'm going to execute on. Now,

534
00:24:04,600 --> 00:24:06,639
Speaker 1: when that money goes to shit, for whatever reason, that

535
00:24:06,680 --> 00:24:09,280
Speaker 1: business model they'll work out. If you dip out and

536
00:24:09,320 --> 00:24:11,159
Speaker 1: you have all these excuses and you didn't give me

537
00:24:11,200 --> 00:24:13,600
Speaker 1: financials and you didn't open up the stores, and all

538
00:24:13,600 --> 00:24:15,399
Speaker 1: of a sudden, fifty different people are coming out of

539
00:24:15,400 --> 00:24:18,040
Speaker 1: the woodwork and saying you're robbing people. You know, you

540
00:24:18,080 --> 00:24:20,280
Speaker 1: start to really question, well, is it just one bad

541
00:24:20,280 --> 00:24:22,639
Speaker 1: apple or are you the bad apple? Right? And I

542
00:24:22,640 --> 00:24:25,240
Speaker 1: look back on that experience now with the franchises and

543
00:24:25,280 --> 00:24:27,119
Speaker 1: some of these business partners, It's like, no, you're the

544
00:24:27,119 --> 00:24:29,800
Speaker 1: bad apple. You know, you were just you were opportunistic.

545
00:24:29,880 --> 00:24:31,080
Speaker 1: You saw there was going to be a lot of

546
00:24:31,080 --> 00:24:33,919
Speaker 1: free money out there. The difference between that and a

547
00:24:33,960 --> 00:24:36,440
Speaker 1: bad investment, I will never bitch. I'll never put somebody

548
00:24:36,440 --> 00:24:39,240
Speaker 1: on blast if the investment was just turned out to

549
00:24:39,240 --> 00:24:41,760
Speaker 1: be bad. Sometimes it's a bad investment, But you can

550
00:24:41,840 --> 00:24:44,199
Speaker 1: have integrity with those bad investments, right. You can go

551
00:24:44,240 --> 00:24:45,800
Speaker 1: back to your investors and say, look, here's why it

552
00:24:45,800 --> 00:24:48,119
Speaker 1: didn't work out, here's what we're going to do to

553
00:24:48,160 --> 00:24:49,760
Speaker 1: fix it. Or you know what, you lost money, here's

554
00:24:49,760 --> 00:24:52,000
Speaker 1: their ten ninety nine. You take it as lost. I'm

555
00:24:52,040 --> 00:24:54,240
Speaker 1: a grown ass man. If over most investors, it's when

556
00:24:54,280 --> 00:24:57,000
Speaker 1: people take advantage of the system and you outright know

557
00:24:57,080 --> 00:24:59,359
Speaker 1: they're doing fought again. That's the kind of shit that

558
00:24:59,400 --> 00:25:03,080
Speaker 1: really pisses me off. So you know, going forward now

559
00:25:03,160 --> 00:25:05,440
Speaker 1: the lessons you know, how am I how I'm gonna

560
00:25:05,480 --> 00:25:07,920
Speaker 1: do life different this time this time round? And I'm

561
00:25:07,960 --> 00:25:10,040
Speaker 1: sure some other shit's gonna happen down the line, right,

562
00:25:10,080 --> 00:25:12,800
Speaker 1: but in this case, going into next year, you know,

563
00:25:12,840 --> 00:25:15,160
Speaker 1: I'm gonna leave them a third second underive you guys

564
00:25:15,200 --> 00:25:17,239
Speaker 1: some action items that you can in addition to what

565
00:25:17,240 --> 00:25:19,200
Speaker 1: we're gonna do next week. But this week, I'm gonna

566
00:25:19,240 --> 00:25:21,399
Speaker 1: give you my personal five or six items that I

567
00:25:21,440 --> 00:25:22,840
Speaker 1: think you can write down and say, you know what,

568
00:25:22,880 --> 00:25:25,040
Speaker 1: here's the minimum I can do going into next year

569
00:25:25,280 --> 00:25:27,719
Speaker 1: to be set. But for me, looking back, man, I'm

570
00:25:27,760 --> 00:25:30,800
Speaker 1: going to realign the circles I'm in. I'm gonna stop

571
00:25:31,080 --> 00:25:33,320
Speaker 1: in trusting others to do right with money. So if

572
00:25:33,320 --> 00:25:35,280
Speaker 1: I do invest in a property, if Connor, you and

573
00:25:35,320 --> 00:25:37,040
Speaker 1: I want to buy a real estate, I'm not going

574
00:25:37,080 --> 00:25:38,560
Speaker 1: to trust the guy next door to go find the

575
00:25:38,560 --> 00:25:40,720
Speaker 1: real estate anymore. It's gonna be like you're finding it.

576
00:25:40,760 --> 00:25:42,800
Speaker 1: We're putting our money together. You're the one that's got

577
00:25:42,800 --> 00:25:44,720
Speaker 1: the tenants and I have more of a hands on

578
00:25:44,800 --> 00:25:46,439
Speaker 1: and I, you know, until you can get to the

579
00:25:46,440 --> 00:25:48,920
Speaker 1: point to where you have fu money that I really

580
00:25:49,000 --> 00:25:51,000
Speaker 1: think you've got to have, You've got to be able

581
00:25:51,000 --> 00:25:53,400
Speaker 1: to keep your you know, just you got to keep

582
00:25:53,440 --> 00:25:56,879
Speaker 1: your pulse on that money. Blue, you know, is my

583
00:25:56,960 --> 00:25:59,119
Speaker 1: co host here at CT one I one. Obviously, I

584
00:25:59,200 --> 00:26:01,560
Speaker 1: learned that from a man and sometimes I come up

585
00:26:01,600 --> 00:26:03,879
Speaker 1: with them with ideas and he's like, bro, unless I

586
00:26:03,880 --> 00:26:06,360
Speaker 1: can see it, touch it, feel it, every day, they're

587
00:26:06,400 --> 00:26:08,840
Speaker 1: gonna fuck you. And sure enough, you know that's happened

588
00:26:08,840 --> 00:26:10,879
Speaker 1: to me more often than not. So I've learned that.

589
00:26:10,880 --> 00:26:12,800
Speaker 1: I've taken that to heart. I think for next year,

590
00:26:13,280 --> 00:26:15,040
Speaker 1: if I do any JB deals, if I do any

591
00:26:15,040 --> 00:26:17,560
Speaker 1: partnership deals, if you guys see me kind of happier.

592
00:26:17,560 --> 00:26:20,520
Speaker 1: And I never promoted an investment, they're never public. It's

593
00:26:20,560 --> 00:26:22,320
Speaker 1: just like, you know, somebody will come to me and say,

594
00:26:22,320 --> 00:26:24,480
Speaker 1: I want to buy this hotel. Let's raise five million

595
00:26:24,480 --> 00:26:26,240
Speaker 1: dollars together, we'll go to our friends and family, we'll

596
00:26:26,240 --> 00:26:28,119
Speaker 1: buy it together. But again, this year, I think I'm

597
00:26:28,119 --> 00:26:30,399
Speaker 1: gonna have more hands on approach. I'm gonna keep my

598
00:26:30,440 --> 00:26:33,560
Speaker 1: eye on my money. Even more than ever. And losing

599
00:26:33,560 --> 00:26:36,240
Speaker 1: money sucks, but losing money to fraud is the worst. Okay,

600
00:26:36,440 --> 00:26:38,240
Speaker 1: So I'm gonna take a break. I'm gonna come back

601
00:26:38,280 --> 00:26:39,960
Speaker 1: with those tips for you guys. We'll be right back

602
00:26:40,000 --> 00:26:41,080
Speaker 1: on Financial Fridays.

603
00:26:41,280 --> 00:26:43,760
Speaker 2: We'll be right back with more Financial Fridays with the

604
00:26:43,760 --> 00:26:47,600
Speaker 2: Inside Investor Tony K. Make sure you follow Tony at

605
00:26:47,600 --> 00:26:59,000
Speaker 2: the Insider Investor. Welcome back to Cannabis Talk one on

606
00:26:59,040 --> 00:27:03,560
Speaker 2: ones Financial with the Inside Investor Tony K. Make sure

607
00:27:03,600 --> 00:27:05,680
Speaker 2: you like, follow and subscribe to the show.

608
00:27:05,720 --> 00:27:08,800
Speaker 1: Now, who likes candy? Are you ready to make your

609
00:27:08,800 --> 00:27:11,159
Speaker 1: own edibles? Well, you guys. One of my favorite partners

610
00:27:11,160 --> 00:27:12,600
Speaker 1: that we have here at CT one O one is

611
00:27:12,640 --> 00:27:15,360
Speaker 1: Truughly Made. The ceo Ian We got to hang out

612
00:27:15,400 --> 00:27:18,160
Speaker 1: at Mjbiscon. Had a great time out there, you guys.

613
00:27:18,200 --> 00:27:21,600
Speaker 1: These guys offer the highest quality and most affordable tabletop

614
00:27:21,680 --> 00:27:25,360
Speaker 1: candy depositors and silicon molds on the market. They're made

615
00:27:25,400 --> 00:27:27,760
Speaker 1: in Germany. You guys know what cars. Anything made in

616
00:27:27,800 --> 00:27:29,359
Speaker 1: Germany is a little bit better than we do it

617
00:27:29,359 --> 00:27:34,360
Speaker 1: out here. They've developed They are developed by candymakers for candymakers.

618
00:27:34,400 --> 00:27:37,240
Speaker 1: Now Truffly Made can help you with recipe services such

619
00:27:37,280 --> 00:27:40,320
Speaker 1: as developing your own or adjusting recipes that you may

620
00:27:40,320 --> 00:27:42,800
Speaker 1: be have custom silicon molds, and then they can come

621
00:27:42,800 --> 00:27:44,880
Speaker 1: to your facility. They can do on site consulting, train

622
00:27:44,960 --> 00:27:47,240
Speaker 1: your team with the candy depositors. Now these can be

623
00:27:47,240 --> 00:27:48,920
Speaker 1: for your home if it's a hobby, or of course

624
00:27:48,920 --> 00:27:52,800
Speaker 1: commercial use. Can manufacture over ten thousand pieces of candy

625
00:27:52,840 --> 00:27:55,320
Speaker 1: per hour. Not even me and Joe can eat that much. Candy.

626
00:27:55,640 --> 00:27:59,200
Speaker 1: Orders today at www dot truffleymay dot com or you

627
00:27:59,200 --> 00:28:01,679
Speaker 1: can call them direct six five hundred and thirty one

628
00:28:01,720 --> 00:28:04,040
Speaker 1: oh two agains sixte nine five ers zero thirty one

629
00:28:04,119 --> 00:28:07,800
Speaker 1: oh two. We are back on the last Financial Fridays

630
00:28:07,800 --> 00:28:09,479
Speaker 1: for the year. You guys, thank you so much for

631
00:28:09,520 --> 00:28:12,119
Speaker 1: hanging out with us, supporting the show. I wanted to

632
00:28:12,200 --> 00:28:13,960
Speaker 1: leave this year with a bang, so I want to

633
00:28:14,000 --> 00:28:16,800
Speaker 1: give you guys a couple of quick action items that

634
00:28:16,840 --> 00:28:18,879
Speaker 1: you can carry into next year. You heard me in

635
00:28:18,920 --> 00:28:21,080
Speaker 1: the opening segment and this last week's show as well

636
00:28:21,359 --> 00:28:23,960
Speaker 1: talking about King Steak, my buddy Steve Kokoloa. What we're

637
00:28:23,960 --> 00:28:28,920
Speaker 1: doing is January fourth, basically the first Thursday of January

638
00:28:28,920 --> 00:28:31,320
Speaker 1: this year. Next week right, what we're gonna do is

639
00:28:31,320 --> 00:28:35,240
Speaker 1: give you a roadmap of what can you do to

640
00:28:35,320 --> 00:28:38,000
Speaker 1: make yourself unstoppable in twenty twenty four when it comes

641
00:28:38,040 --> 00:28:40,520
Speaker 1: to health, fitness, and finance. It's very simple, right. So

642
00:28:41,120 --> 00:28:43,600
Speaker 1: I'm gonna give you guys that website since some of

643
00:28:43,640 --> 00:28:46,840
Speaker 1: you are on iHeartRadio, and that's going to be at

644
00:28:46,920 --> 00:28:50,800
Speaker 1: Steve Kucklo. That's st e ve e kuclo dot com,

645
00:28:50,840 --> 00:28:53,600
Speaker 1: Forward slash Zoom. Go in there, put your name, phone

646
00:28:53,680 --> 00:28:55,360
Speaker 1: number at email. He's going to send you the link.

647
00:28:55,400 --> 00:28:57,680
Speaker 1: It's going to be a live webinar. It's completely free.

648
00:28:57,680 --> 00:28:59,040
Speaker 1: We're gonna do it for about an hour. You can

649
00:28:59,120 --> 00:29:01,160
Speaker 1: ask him Q and A. And again, that's something that

650
00:29:01,160 --> 00:29:03,280
Speaker 1: I'm super excited about and something I wish I had

651
00:29:03,360 --> 00:29:05,120
Speaker 1: last year, and it's something I'm going to make an

652
00:29:05,120 --> 00:29:08,440
Speaker 1: effort to do every year, is putting together that roadmap.

653
00:29:08,520 --> 00:29:11,120
Speaker 1: So in anticipation of that, one of the things I

654
00:29:11,160 --> 00:29:12,600
Speaker 1: was going to cover with you guys, and I did

655
00:29:12,600 --> 00:29:14,000
Speaker 1: this last year, and I'm going to go through my

656
00:29:14,080 --> 00:29:16,440
Speaker 1: notes and it's something that I'm again it's coming from

657
00:29:16,480 --> 00:29:17,840
Speaker 1: the heart, kind of off the top of the head,

658
00:29:17,880 --> 00:29:20,280
Speaker 1: because these are the things I wish I knew five

659
00:29:20,360 --> 00:29:23,320
Speaker 1: ten years ago. They sound rudimentary, They sound simple, but

660
00:29:23,360 --> 00:29:24,640
Speaker 1: I sort of got if you write them down and

661
00:29:24,680 --> 00:29:27,640
Speaker 1: actually implement them, give me a call in a couple months,

662
00:29:27,640 --> 00:29:29,080
Speaker 1: you know, let me know how it helped you or

663
00:29:29,080 --> 00:29:31,120
Speaker 1: how it could have been better. But essentially a couple

664
00:29:31,160 --> 00:29:33,360
Speaker 1: of things that I want you guys to do. Something

665
00:29:33,400 --> 00:29:36,240
Speaker 1: called an emergency fund. It's something that's easy to say, talk,

666
00:29:36,600 --> 00:29:38,880
Speaker 1: but I forget the stat of like eighty five percent

667
00:29:39,080 --> 00:29:41,680
Speaker 1: of Americans don't have enough money to get them through

668
00:29:41,680 --> 00:29:45,600
Speaker 1: six months, which kind of a stays crazy statistic, but

669
00:29:45,640 --> 00:29:48,719
Speaker 1: if you think about it, you know, going through the pandemic,

670
00:29:48,760 --> 00:29:50,800
Speaker 1: when people didn't all of a sudden, the stores, shelves

671
00:29:50,840 --> 00:29:53,520
Speaker 1: were empty, et cetera. When there is a disruption, and

672
00:29:53,520 --> 00:29:55,960
Speaker 1: that disruption couldn't doesn't necessarily have to be that you

673
00:29:56,040 --> 00:29:58,960
Speaker 1: run out of money, but something that again not going

674
00:29:59,040 --> 00:30:01,320
Speaker 1: down rabbit holes. But I think one thing that hasn't

675
00:30:01,320 --> 00:30:02,760
Speaker 1: happened that you see in a lot of movies, And

676
00:30:02,800 --> 00:30:04,800
Speaker 1: if you watch the Simpsons, you know that they predict s,

677
00:30:05,280 --> 00:30:07,440
Speaker 1: But in a lot of movies that I've seen right now,

678
00:30:07,760 --> 00:30:11,160
Speaker 1: you know, as simple as it is electricity or access

679
00:30:11,200 --> 00:30:14,000
Speaker 1: to the internet. But if tomorrow you didn't have access

680
00:30:14,040 --> 00:30:17,000
Speaker 1: to the internet or electricity for I don't know, thirty days,

681
00:30:17,400 --> 00:30:19,760
Speaker 1: there'd be world chaos because if you think about it,

682
00:30:19,800 --> 00:30:21,800
Speaker 1: you can't go to the gas station, you can't access

683
00:30:21,840 --> 00:30:24,600
Speaker 1: your money. Most people are living on plastic. I lived

684
00:30:24,600 --> 00:30:26,360
Speaker 1: down in Irvine a couple of years ago, and if

685
00:30:26,400 --> 00:30:29,800
Speaker 1: you guys know southern California, there is that there's the

686
00:30:30,120 --> 00:30:32,160
Speaker 1: nuclear plant that kind of looks like two tits going

687
00:30:32,160 --> 00:30:34,160
Speaker 1: down to San Diego, but then past San Diego. Most

688
00:30:34,200 --> 00:30:37,000
Speaker 1: people don't know, but the entire Southern California grid is

689
00:30:37,080 --> 00:30:40,200
Speaker 1: right there by Tijuana. Something had happened, some dude drove

690
00:30:40,240 --> 00:30:43,280
Speaker 1: through something and basically I was in Irvine. I had

691
00:30:43,280 --> 00:30:47,240
Speaker 1: a house at the time down in Irvine and blackout happened.

692
00:30:47,280 --> 00:30:48,960
Speaker 1: So you think, all right, you know, the power went out.

693
00:30:49,280 --> 00:30:50,880
Speaker 1: I had a car at gas car at the time,

694
00:30:50,960 --> 00:30:52,440
Speaker 1: so I'm like, all right, I'm gonna drive up to

695
00:30:52,520 --> 00:30:54,080
Speaker 1: La I go to the gas station. I'm low and

696
00:30:54,160 --> 00:30:56,920
Speaker 1: gas gas station shutdown because they're pumps on an electric

697
00:30:57,240 --> 00:30:59,120
Speaker 1: I'm like, all right, I'll go to the next gas station. Well,

698
00:30:59,120 --> 00:31:01,400
Speaker 1: that's won't shut down too. So the power out is

699
00:31:01,600 --> 00:31:03,960
Speaker 1: at that moment, you don't know how far it's gone right,

700
00:31:04,000 --> 00:31:06,640
Speaker 1: nobody listens to the radio anymore. And in fact, I

701
00:31:06,680 --> 00:31:08,800
Speaker 1: don't even know if I have AMFM radio in the car.

702
00:31:09,080 --> 00:31:11,120
Speaker 1: Your cell phone, I realized, oh, I'm on one bar.

703
00:31:11,280 --> 00:31:12,800
Speaker 1: You know if that bar goes down, how do I

704
00:31:12,880 --> 00:31:15,000
Speaker 1: charge my phone? Right? And then you go to the

705
00:31:15,040 --> 00:31:17,080
Speaker 1: ATM machine. Well, the ATM machine doesn't work because it's

706
00:31:17,080 --> 00:31:19,160
Speaker 1: on the same electric good right. My point is you

707
00:31:19,240 --> 00:31:22,080
Speaker 1: don't know what you don't know. And one thing we've

708
00:31:22,160 --> 00:31:24,320
Speaker 1: learned the past three or is anything can it will happen.

709
00:31:24,560 --> 00:31:27,360
Speaker 1: So when I say having an emergency fund, emergency fund

710
00:31:27,440 --> 00:31:30,720
Speaker 1: of cash, emergency funds of food. You know, if you know,

711
00:31:31,080 --> 00:31:33,600
Speaker 1: especially if you have little kids, babies, children, and it's

712
00:31:33,640 --> 00:31:35,320
Speaker 1: like making sure that you have enough shit to get

713
00:31:35,320 --> 00:31:38,080
Speaker 1: through at least thirty days. You know, from a financial standpoint,

714
00:31:38,080 --> 00:31:39,880
Speaker 1: it should be six months. You know, we saw that

715
00:31:39,920 --> 00:31:42,800
Speaker 1: again through the pandemic. So something is little. Now how

716
00:31:42,800 --> 00:31:44,360
Speaker 1: do you do that? Okay, you don't just write down

717
00:31:44,360 --> 00:31:47,040
Speaker 1: emergency fund. You go find an account that's really hard

718
00:31:47,040 --> 00:31:49,560
Speaker 1: to get to, right, or somewhere in the house where

719
00:31:49,560 --> 00:31:51,200
Speaker 1: there's a piggybank or whatever. You just stick a couple

720
00:31:51,240 --> 00:31:53,000
Speaker 1: hundred bucks in a week, pretend like you can't see it.

721
00:31:53,000 --> 00:31:55,040
Speaker 1: And literally what I used to do is go get

722
00:31:55,080 --> 00:31:57,200
Speaker 1: like a fancy I think Amazon has it like a

723
00:31:57,240 --> 00:32:00,000
Speaker 1: fancy piggybank that you could literally have to break together

724
00:32:00,120 --> 00:32:02,400
Speaker 1: into it's big fat pig and just throw a couple

725
00:32:02,520 --> 00:32:04,280
Speaker 1: hundred bucks and you come in, throw some changes and

726
00:32:04,280 --> 00:32:06,680
Speaker 1: you'd be amazed at how much that can pile up.

727
00:32:06,760 --> 00:32:10,480
Speaker 1: So as simple as it is, having that emergency fund

728
00:32:10,680 --> 00:32:12,720
Speaker 1: and you just feel a little bit more confident, you know, like,

729
00:32:12,760 --> 00:32:14,520
Speaker 1: you know what I got at least five or ten

730
00:32:14,560 --> 00:32:18,040
Speaker 1: grand in that thing. If worse comes to worse. The

731
00:32:18,080 --> 00:32:20,480
Speaker 1: other thing I can't stress enough, man, is debt management.

732
00:32:20,960 --> 00:32:23,760
Speaker 1: I'm the guiltiest of this right because I didn't get married,

733
00:32:23,760 --> 00:32:25,280
Speaker 1: I didn't have kids, I didn't really have that much

734
00:32:25,320 --> 00:32:28,240
Speaker 1: responsibilities other than to myself. So whenever I would make it,

735
00:32:28,280 --> 00:32:30,360
Speaker 1: i'd spend it. If I got one hundred thousand dollars

736
00:32:30,360 --> 00:32:34,000
Speaker 1: credit line, I'd go blow it. And having that debt management, especially,

737
00:32:34,240 --> 00:32:36,560
Speaker 1: you know, when debt was cheap, it wasn't a big deal.

738
00:32:36,600 --> 00:32:39,120
Speaker 1: I'd refinance my house, I'd pay off a card or two.

739
00:32:39,520 --> 00:32:42,320
Speaker 1: But you guys, right now interest rates have tripled. You

740
00:32:42,360 --> 00:32:46,000
Speaker 1: know you're facing into hyperinflation. So the debt that you

741
00:32:46,120 --> 00:32:49,320
Speaker 1: thought you could service by dancing and jumping through the hoops,

742
00:32:49,560 --> 00:32:52,000
Speaker 1: it's not that serviceable anymore. And there's a lot of

743
00:32:52,040 --> 00:32:54,760
Speaker 1: debt that's attached to variable components. What do I mean

744
00:32:54,760 --> 00:32:57,720
Speaker 1: by that? It's not a fixed rate? Right, So when

745
00:32:57,720 --> 00:32:59,400
Speaker 1: I owned a restaurant, I think it was connected to

746
00:32:59,440 --> 00:33:02,080
Speaker 1: libor and life. For the thirty years, it had only

747
00:33:02,080 --> 00:33:04,320
Speaker 1: been like one or two percent, so my thing was

748
00:33:04,800 --> 00:33:08,040
Speaker 1: prime plus libor. And then during the during the course

749
00:33:08,080 --> 00:33:11,000
Speaker 1: of that debt, I think it like went nine percent,

750
00:33:11,120 --> 00:33:13,000
Speaker 1: So I ended up from a two percent loan to

751
00:33:13,040 --> 00:33:15,360
Speaker 1: like fifteen percent loan. Needs to say that the restaurant

752
00:33:15,360 --> 00:33:17,720
Speaker 1: went under, and that was during the recession. That shit,

753
00:33:17,880 --> 00:33:20,360
Speaker 1: I think's gonna happen again again. I've stopped trying to

754
00:33:20,880 --> 00:33:24,200
Speaker 1: prognosticate or try to predict the future anymore when it

755
00:33:24,200 --> 00:33:26,880
Speaker 1: comes to financial services, because again, it's just shit happens,

756
00:33:26,920 --> 00:33:28,320
Speaker 1: you know, just when you think you got to figure

757
00:33:28,320 --> 00:33:30,800
Speaker 1: it out. I don't have a crystal ball. Any financial

758
00:33:30,840 --> 00:33:34,640
Speaker 1: advisor or stockbroker guru or freaking Kramer who tries to

759
00:33:34,680 --> 00:33:37,000
Speaker 1: tell you I know what's going to happen. If they

760
00:33:37,080 --> 00:33:38,760
Speaker 1: knew what was going to happen. They wouldn't need your money,

761
00:33:38,760 --> 00:33:41,800
Speaker 1: they wouldn't need a show. They'd go predict tomorrow's lottery winnings. Right,

762
00:33:41,840 --> 00:33:44,080
Speaker 1: So I stopped trying to predict what's going to happen.

763
00:33:44,160 --> 00:33:45,920
Speaker 1: But you got to plan for what if? You know,

764
00:33:46,000 --> 00:33:49,000
Speaker 1: what if interest rates keep going up. Hyperinflation is something

765
00:33:49,040 --> 00:33:51,320
Speaker 1: that I've never seen in my personal lifetime. I don't

766
00:33:51,320 --> 00:33:53,920
Speaker 1: think anybody here has. But it's something that does exist,

767
00:33:53,960 --> 00:33:56,080
Speaker 1: and we kind of started to see a taste of that.

768
00:33:56,200 --> 00:34:00,160
Speaker 1: And there are circumstances that can happen in the economic

769
00:34:00,200 --> 00:34:03,600
Speaker 1: models that can cause hyperinflation, which means basically, your gallon

770
00:34:03,640 --> 00:34:05,479
Speaker 1: of milk is gonna be twenty bucks, you know. So

771
00:34:05,520 --> 00:34:08,040
Speaker 1: there are scenarios like that can happen. But going back

772
00:34:08,080 --> 00:34:11,400
Speaker 1: to debt management, by having a plan for your debt cabinet,

773
00:34:12,040 --> 00:34:15,719
Speaker 1: debt consolidation, or just knowing being aware that these rates

774
00:34:15,760 --> 00:34:19,400
Speaker 1: are going higher. Your cars, your credit cards, if you

775
00:34:19,560 --> 00:34:21,560
Speaker 1: leased a car two years ago and you're planning on

776
00:34:21,600 --> 00:34:23,319
Speaker 1: releasing right now, or if you bought a car and

777
00:34:23,360 --> 00:34:25,200
Speaker 1: you know you're about to buy one, you're gonna get

778
00:34:25,200 --> 00:34:28,160
Speaker 1: sticker shot. Guys. You know it's the interest rates being

779
00:34:28,160 --> 00:34:30,880
Speaker 1: at nine, ten, eleven, twelve percent. What used to be

780
00:34:30,920 --> 00:34:32,560
Speaker 1: a seven hundred dollars car payment right now is going

781
00:34:32,600 --> 00:34:35,720
Speaker 1: to be eleven hundred dollars. So having a clearer control

782
00:34:35,760 --> 00:34:37,440
Speaker 1: of your debt management, now what do you do. You

783
00:34:37,440 --> 00:34:39,400
Speaker 1: look at your debt, you say, all right, I'm not

784
00:34:39,440 --> 00:34:41,440
Speaker 1: I'm gonna cut up these credit cards or I'm gonna

785
00:34:41,880 --> 00:34:45,120
Speaker 1: I'm gonna set them aside where they're not in my pocket,

786
00:34:45,120 --> 00:34:47,040
Speaker 1: where I'm walking through you know, best Buy, and I

787
00:34:47,040 --> 00:34:48,919
Speaker 1: want to buy the big screen, all right, if it's

788
00:34:48,920 --> 00:34:50,600
Speaker 1: not on me, it'll be a little bit less tempting.

789
00:34:50,680 --> 00:34:53,200
Speaker 1: You can kind of talk to yourself down You got

790
00:34:53,200 --> 00:34:53,760
Speaker 1: a question.

791
00:34:53,560 --> 00:34:56,840
Speaker 4: Con totally, Yeah, yeah, I do have a quick question.

792
00:34:57,000 --> 00:35:01,440
Speaker 4: So how can you know how how does someone stay

793
00:35:01,520 --> 00:35:05,520
Speaker 4: motivated and you know, get over that hump of you know,

794
00:35:05,560 --> 00:35:08,160
Speaker 4: the gravity of the situation, because there's there's a lot

795
00:35:08,160 --> 00:35:09,920
Speaker 4: of people who are starting from the ground up in

796
00:35:10,000 --> 00:35:14,279
Speaker 4: terms of uh, you know, an emergency fund or you know,

797
00:35:14,560 --> 00:35:19,239
Speaker 4: just life savings in general, and the scale of all

798
00:35:19,280 --> 00:35:22,680
Speaker 4: of the implications of you know, finances in general, of

799
00:35:22,719 --> 00:35:25,480
Speaker 4: what we've already covered can be you know, very daunting

800
00:35:25,520 --> 00:35:29,200
Speaker 4: for some people. So like if someone's starting from like

801
00:35:30,040 --> 00:35:34,160
Speaker 4: step one, like what advice would you give them to

802
00:35:35,040 --> 00:35:37,400
Speaker 4: not be intimidated by the whole situation.

803
00:35:38,400 --> 00:35:41,279
Speaker 1: If I, if I understand your question correctly, on one

804
00:35:41,320 --> 00:35:43,520
Speaker 1: standpoint is how do I get the motivation right? How

805
00:35:43,560 --> 00:35:45,719
Speaker 1: do I how do I feel good about myself if

806
00:35:45,760 --> 00:35:47,359
Speaker 1: I'm either got a shit ton of dead if I'm

807
00:35:47,400 --> 00:35:49,239
Speaker 1: not making enough money? How can I do what you're

808
00:35:49,239 --> 00:35:50,800
Speaker 1: telling me to do, Tony? If I don't have the

809
00:35:50,880 --> 00:35:53,200
Speaker 1: money right, first thing is get your ass out of bed.

810
00:35:53,440 --> 00:35:55,040
Speaker 1: You know I and I'm the biggest you know when

811
00:35:55,080 --> 00:35:56,799
Speaker 1: I was going through and I've been open about my

812
00:35:56,840 --> 00:35:59,160
Speaker 1: mental health and depression. When you when you go through

813
00:35:59,640 --> 00:36:02,800
Speaker 1: a civil ver trauma of financial whether it's from a divorce, fraud,

814
00:36:02,880 --> 00:36:05,000
Speaker 1: or whatever, you do find yourself kind of wanting to

815
00:36:05,040 --> 00:36:07,160
Speaker 1: go down those rabbit holes, not leave the house, not

816
00:36:07,239 --> 00:36:09,759
Speaker 1: take a shower. Just it can get really ugly. Right.

817
00:36:10,080 --> 00:36:11,400
Speaker 1: One of the things that helped me, even though it

818
00:36:11,400 --> 00:36:12,840
Speaker 1: sounds cheesy and I don't even know if this is

819
00:36:12,920 --> 00:36:16,640
Speaker 1: right clinical answer, but I deleted for the most part.

820
00:36:16,680 --> 00:36:19,080
Speaker 1: I'd go through my Instagram, and obviously being in the

821
00:36:19,080 --> 00:36:21,160
Speaker 1: world I was in social media was big, right, But

822
00:36:21,200 --> 00:36:24,399
Speaker 1: I went through my Instagram, and if I categorized people

823
00:36:24,440 --> 00:36:27,279
Speaker 1: into two right, if they were doing something that I

824
00:36:27,280 --> 00:36:29,359
Speaker 1: felt was positive, that I could emulate, that I could

825
00:36:29,400 --> 00:36:32,600
Speaker 1: be motivated by, I kept it. Now, what I stopped

826
00:36:32,680 --> 00:36:36,239
Speaker 1: following and who I stopped putting into my programming on

827
00:36:36,280 --> 00:36:38,960
Speaker 1: a daily basis were people that were only showing me

828
00:36:39,040 --> 00:36:41,840
Speaker 1: the positives in their life. The dude that's always flossing,

829
00:36:41,880 --> 00:36:44,960
Speaker 1: the the nice cars, the watches, the girls, this and that,

830
00:36:45,360 --> 00:36:47,759
Speaker 1: because I know that that's bullshit. I know that that

831
00:36:47,800 --> 00:36:50,400
Speaker 1: guy's got rough time too occasionally. But if he's not

832
00:36:50,480 --> 00:36:53,800
Speaker 1: talking about his downfalls and he's only selling how perfect

833
00:36:53,800 --> 00:36:56,959
Speaker 1: his life is, I know that that's programming my mind

834
00:36:56,960 --> 00:37:00,520
Speaker 1: in the wrong way. Alternatively, I started all following. I

835
00:37:00,560 --> 00:37:02,960
Speaker 1: think I forget the Instagram, but it's like street kids,

836
00:37:03,239 --> 00:37:06,000
Speaker 1: like basically it's homeless hookers and people that they're interviewing

837
00:37:06,080 --> 00:37:08,680
Speaker 1: thirty seconds. So you quickly realize, as much as I

838
00:37:08,719 --> 00:37:11,839
Speaker 1: thought my life was bad, there's people begging God every

839
00:37:11,880 --> 00:37:13,880
Speaker 1: day for one more day in the hospital or on

840
00:37:13,920 --> 00:37:17,600
Speaker 1: the streets or whatever. So I consciously try to program

841
00:37:17,600 --> 00:37:19,799
Speaker 1: my brain thinking, well, shit could be worse, you know,

842
00:37:20,239 --> 00:37:22,320
Speaker 1: Thank God I have my hell, thank God, my family,

843
00:37:22,400 --> 00:37:24,520
Speaker 1: still with me. I would try to program my brain

844
00:37:24,560 --> 00:37:27,360
Speaker 1: into at least going to bed on the positives and

845
00:37:27,800 --> 00:37:30,080
Speaker 1: waking up to the positive. So one of the things

846
00:37:30,120 --> 00:37:31,719
Speaker 1: I would do every night before I go to bed,

847
00:37:31,719 --> 00:37:33,360
Speaker 1: and I can't remember who I got this from, but

848
00:37:33,719 --> 00:37:35,359
Speaker 1: a lot of the little nuggets that I would get

849
00:37:35,360 --> 00:37:40,440
Speaker 1: would be listening to podcasts. Influential podcast, you know Rogan's entertaining.

850
00:37:40,480 --> 00:37:42,000
Speaker 1: You'll get a nugget here in there. But I'm talking

851
00:37:42,000 --> 00:37:44,799
Speaker 1: about like business podcast and even people that I didn't

852
00:37:44,800 --> 00:37:47,040
Speaker 1: care for, because I would learn a little bit from

853
00:37:47,040 --> 00:37:50,520
Speaker 1: each one. But one gentleman I forget skips my mind

854
00:37:50,560 --> 00:37:52,439
Speaker 1: who it was, but he would always say, no matter

855
00:37:52,440 --> 00:37:55,040
Speaker 1: how bad your day was, if the last thing you

856
00:37:55,080 --> 00:37:57,560
Speaker 1: think about is the three things that were positive for

857
00:37:57,600 --> 00:38:00,000
Speaker 1: you that day. It could be that your cheeseburger was good.

858
00:38:00,120 --> 00:38:04,000
Speaker 1: It could be that you know, you got a five

859
00:38:04,080 --> 00:38:06,520
Speaker 1: dollars lottery scratch it, whatever it is, three good things

860
00:38:06,560 --> 00:38:08,440
Speaker 1: did happen to you today. It could be your favorite

861
00:38:08,440 --> 00:38:11,640
Speaker 1: TV team one. But focusing on that positive and going

862
00:38:11,680 --> 00:38:14,000
Speaker 1: to bed like that was starting to reprogram your brain.

863
00:38:14,080 --> 00:38:16,360
Speaker 1: So the mind is weird, man. There's so many little

864
00:38:16,400 --> 00:38:19,400
Speaker 1: brain hacks you can do and again YouTube. You know,

865
00:38:19,520 --> 00:38:21,800
Speaker 1: you go on there and you can educate yourself on anything.

866
00:38:22,120 --> 00:38:24,040
Speaker 1: And I would try to find people that had had

867
00:38:24,080 --> 00:38:26,839
Speaker 1: similar journeys as me. You know, the Wolf of Wall

868
00:38:26,840 --> 00:38:29,040
Speaker 1: Street guy is probably a bad example. You know, he

869
00:38:29,280 --> 00:38:31,319
Speaker 1: was a criminal and then he tried to kind of

870
00:38:31,320 --> 00:38:34,200
Speaker 1: come down the personal development path and being a speaker.

871
00:38:34,440 --> 00:38:36,879
Speaker 1: But there's a lot of people that have gone You're

872
00:38:36,920 --> 00:38:39,840
Speaker 1: not alone. You know, if your dad was a crackhead,

873
00:38:39,920 --> 00:38:43,200
Speaker 1: or somebody shot your brother, or any calamity you have,

874
00:38:43,360 --> 00:38:45,520
Speaker 1: or how whatever bad do you think your life is,

875
00:38:45,560 --> 00:38:48,239
Speaker 1: there's always somebody worse, more importantly than somebody has gone

876
00:38:48,239 --> 00:38:50,799
Speaker 1: through it. Today in the studio Freeway, Rick Ross was here,

877
00:38:50,840 --> 00:38:54,080
Speaker 1: you know, and this dude I loved interviewing him. I

878
00:38:54,080 --> 00:38:55,919
Speaker 1: can't wait to have him back. But this guy had

879
00:38:56,000 --> 00:38:58,719
Speaker 1: every reason to be negative. The cops planet shit on him.

880
00:38:58,760 --> 00:39:00,920
Speaker 1: He went to prisons for a decade. He came out here,

881
00:39:01,040 --> 00:39:03,920
Speaker 1: you can't stop smiling, and I was like, man, why

882
00:39:03,920 --> 00:39:06,200
Speaker 1: are you always smiling? He's like, bro, life could be worse.

883
00:39:06,239 --> 00:39:08,800
Speaker 1: I could still be locked up. And that was his attitude.

884
00:39:08,840 --> 00:39:10,759
Speaker 1: Not the cops planted shit on me. Not my life

885
00:39:10,880 --> 00:39:12,800
Speaker 1: is ending. And now he's one of the only felons

886
00:39:12,840 --> 00:39:15,640
Speaker 1: that I know that's opening a dispensary January twenty six.

887
00:39:15,719 --> 00:39:18,320
Speaker 1: You know, so little things like that man and following

888
00:39:18,360 --> 00:39:20,920
Speaker 1: somebody like for you know, listening to his story, reading

889
00:39:20,920 --> 00:39:23,480
Speaker 1: his book, that gave me inspiration even at this point,

890
00:39:23,520 --> 00:39:26,600
Speaker 1: you know, I and I retell that story several times

891
00:39:26,640 --> 00:39:30,680
Speaker 1: because it's true you met him. Dude, you can't stop smiling, right,

892
00:39:30,960 --> 00:39:33,080
Speaker 1: So it's little things like that man. And before I

893
00:39:33,160 --> 00:39:36,239
Speaker 1: drag out, what were we doing on time, Connor, we

894
00:39:36,320 --> 00:39:38,080
Speaker 1: still got a few minutes. Cool. So there's a couple

895
00:39:38,080 --> 00:39:40,960
Speaker 1: other good ones that I want to drop here. Insurance coverage. Now,

896
00:39:41,000 --> 00:39:42,680
Speaker 1: you guys know, I'm not a big fan of financial

897
00:39:42,719 --> 00:39:46,320
Speaker 1: services anymore after what I've gone through, but insurance is something,

898
00:39:46,400 --> 00:39:48,399
Speaker 1: and there's two types, three types of insurance. I'm gonna

899
00:39:48,440 --> 00:39:49,719
Speaker 1: kind of go over it quick. This is not a

900
00:39:49,760 --> 00:39:52,880
Speaker 1: sales pitch, but healthcare insurance you guys heard me talk about.

901
00:39:53,360 --> 00:39:55,360
Speaker 1: Is one thing I learned from Cat and these guys

902
00:39:55,360 --> 00:39:58,520
Speaker 1: that clearwater is eighty percent plus of all bankruptcies is

903
00:39:58,560 --> 00:40:01,279
Speaker 1: caused by medical debt. Blew my mind, bro, I mean,

904
00:40:01,320 --> 00:40:03,360
Speaker 1: twenty plus years in the industry, never knew that stat

905
00:40:03,640 --> 00:40:05,560
Speaker 1: that alone is a testament to why you should at

906
00:40:05,640 --> 00:40:08,480
Speaker 1: least have good coverage. Now, there's really shitty healthcare coverage

907
00:40:08,520 --> 00:40:11,400
Speaker 1: out there. I know so many people that get denied coverage.

908
00:40:11,440 --> 00:40:13,200
Speaker 1: They have to jump through hoops. So there's a rule

909
00:40:13,600 --> 00:40:17,200
Speaker 1: of value having a company that you trust, with representatives,

910
00:40:17,200 --> 00:40:20,239
Speaker 1: with English speaking operators. You know, no disrespect of the

911
00:40:20,280 --> 00:40:22,840
Speaker 1: Filipinos and the Indians, but I do not want to,

912
00:40:22,880 --> 00:40:25,839
Speaker 1: you know, talk to some dude in fucking India when

913
00:40:26,040 --> 00:40:29,200
Speaker 1: I got to, you know, help a loved one with cancer.

914
00:40:29,280 --> 00:40:32,480
Speaker 1: God forbid, right, So there's a real value in working

915
00:40:33,000 --> 00:40:35,680
Speaker 1: with companies at organizations that are reputable that you have

916
00:40:35,719 --> 00:40:37,960
Speaker 1: a good relationship with. That's on the health side, on

917
00:40:38,000 --> 00:40:41,000
Speaker 1: the solid side. If you guys have kids, two types

918
00:40:41,040 --> 00:40:43,120
Speaker 1: of insurance term in whole life. I don't want to

919
00:40:43,200 --> 00:40:45,160
Speaker 1: drone on it, but it is important to make sure

920
00:40:45,200 --> 00:40:48,840
Speaker 1: your loved ones are covered. Again, there's really shitty insurance carriers.

921
00:40:48,840 --> 00:40:50,799
Speaker 1: There's good ones. You're welcome to. DM I can kind

922
00:40:50,800 --> 00:40:52,919
Speaker 1: of guide you. I don't have any skin in the game,

923
00:40:52,920 --> 00:40:56,280
Speaker 1: but there's there's Unfortunately, with financial services and the regulators,

924
00:40:56,280 --> 00:40:59,080
Speaker 1: there's just so many ton there's so much lobbying being

925
00:40:59,120 --> 00:41:01,000
Speaker 1: done to keep these bad ones in there, but there

926
00:41:01,000 --> 00:41:04,120
Speaker 1: are good ones, and I do stress making sure your

927
00:41:04,160 --> 00:41:06,160
Speaker 1: loved ones and yourself are covered. So that's on the

928
00:41:06,200 --> 00:41:10,640
Speaker 1: insurance side. Automation you guys, you know, automating your decisions,

929
00:41:10,719 --> 00:41:14,600
Speaker 1: So this is a different one, but automating your financial

930
00:41:14,640 --> 00:41:19,000
Speaker 1: decisions can be really simple. Bitcoin and crypto. I'm not

931
00:41:19,080 --> 00:41:21,040
Speaker 1: the biggest fan of crypto in general. We all know

932
00:41:21,080 --> 00:41:23,200
Speaker 1: what happened with the NFTs and all these shit coins.

933
00:41:23,400 --> 00:41:25,120
Speaker 1: But at the end of the day, Bitcoin I think

934
00:41:25,200 --> 00:41:28,319
Speaker 1: has proven itself. I think fifty years from now, thirty

935
00:41:28,400 --> 00:41:30,040
Speaker 1: years from now, it could be ten years from now.

936
00:41:30,800 --> 00:41:33,200
Speaker 1: Basic economics. For those of you that don't know, it's

937
00:41:33,200 --> 00:41:36,680
Speaker 1: supply and demand. If there's a finite supply, demand will

938
00:41:36,719 --> 00:41:39,360
Speaker 1: go higher tomorrow. We're not going to wake up and

939
00:41:39,400 --> 00:41:41,120
Speaker 1: Bitcoin is gone. I think anybody that said will go

940
00:41:41,160 --> 00:41:44,040
Speaker 1: to zero, fuck them. You know, all these haters that

941
00:41:44,280 --> 00:41:47,360
Speaker 1: would say it's like the same one as the bash tesla. Dude, guys,

942
00:41:47,400 --> 00:41:50,960
Speaker 1: not going anywhere, you know. But with Bitcoin, I believe,

943
00:41:51,000 --> 00:41:52,720
Speaker 1: and don't hold me to this. I'm not the biggest

944
00:41:52,719 --> 00:41:55,759
Speaker 1: crypto expert, but eighty to ninety percent of what's going

945
00:41:55,840 --> 00:41:58,000
Speaker 1: to be out there is already there seventy percent of

946
00:41:58,000 --> 00:41:59,600
Speaker 1: this one. I do know seventy percent of people who

947
00:41:59,640 --> 00:42:02,120
Speaker 1: own it have no intention of selling it, So really

948
00:42:02,200 --> 00:42:04,880
Speaker 1: that leaves like thirty percent. Out of that thirty percent

949
00:42:05,000 --> 00:42:06,799
Speaker 1: another conner you probably know better than ninety, but out

950
00:42:06,840 --> 00:42:09,840
Speaker 1: of that thirty percent, another ten to twelve is gone

951
00:42:09,840 --> 00:42:13,080
Speaker 1: forever in trash cans or people lost their codes and

952
00:42:13,120 --> 00:42:16,040
Speaker 1: pass codes, which leaves really only like another ten to

953
00:42:16,120 --> 00:42:20,040
Speaker 1: call it, fifteen percent of supply. And now there's NFT's roll.

954
00:42:20,120 --> 00:42:24,040
Speaker 1: I'm sorry, there's a ETF's Exchange Trade of Funds, which

955
00:42:24,080 --> 00:42:26,000
Speaker 1: is like mutual funds that go out and buy a bitcoin.

956
00:42:26,239 --> 00:42:29,960
Speaker 1: So there's now more adoption, if you will, from the

957
00:42:29,960 --> 00:42:32,360
Speaker 1: big banks. Jamie Diamond, I think it is from freaking

958
00:42:32,600 --> 00:42:34,279
Speaker 1: Chase was like, oh, it's gonna go to shit. It's

959
00:42:34,320 --> 00:42:36,080
Speaker 1: gonna go to shit now now they're coming out with

960
00:42:36,120 --> 00:42:38,360
Speaker 1: their own stuff. Point is am I going to go

961
00:42:38,480 --> 00:42:40,880
Speaker 1: chase the thirty thousand other shitty coins out there? No?

962
00:42:41,360 --> 00:42:43,960
Speaker 1: But bigcoin. In my opinion, if you just took like

963
00:42:44,120 --> 00:42:46,520
Speaker 1: fifty bucks a month, twenty bucks a month, ten whatever,

964
00:42:46,560 --> 00:42:49,640
Speaker 1: you can make go to coinbase. It's not the cheapest platform.

965
00:42:49,640 --> 00:42:51,279
Speaker 1: But when you're talking about a couple hundred bucks. It's

966
00:42:51,320 --> 00:42:54,560
Speaker 1: a dollar or two dollars. So I just automated, like, hey,

967
00:42:54,560 --> 00:42:56,160
Speaker 1: every fifteenth of the month, just go buy me a

968
00:42:56,200 --> 00:42:58,440
Speaker 1: hundred dollars. A bitcoin cost me a dollar. So it

969
00:42:58,480 --> 00:42:59,680
Speaker 1: cost me a hundred one dollars and I get a

970
00:42:59,719 --> 00:43:02,200
Speaker 1: hundred bitcoin. I don't even look at it. It's automated.

971
00:43:02,239 --> 00:43:03,920
Speaker 1: It just sucks it out. And if you just take

972
00:43:03,960 --> 00:43:06,879
Speaker 1: those little nibbles out, I pretty much can almost say

973
00:43:06,920 --> 00:43:10,520
Speaker 1: guarantee without being financially beholding the word guarantee. But I

974
00:43:10,520 --> 00:43:12,239
Speaker 1: don't think you'll be upset, and I think I think

975
00:43:12,320 --> 00:43:15,359
Speaker 1: just educating yourself of what's out there. But on that

976
00:43:15,440 --> 00:43:17,680
Speaker 1: automation front, the point that I brought up bitcoin is

977
00:43:17,719 --> 00:43:20,719
Speaker 1: Coinbase is one platform that allows you to buy on

978
00:43:20,760 --> 00:43:23,480
Speaker 1: an automated system. But there's tons of those out there,

979
00:43:23,520 --> 00:43:26,360
Speaker 1: from a savings fidelity, a error trade. So if you

980
00:43:26,480 --> 00:43:28,960
Speaker 1: just wanted to get an SSP fund and just buy

981
00:43:29,000 --> 00:43:31,200
Speaker 1: a couple hundred bucks for the kids, those are the

982
00:43:31,200 --> 00:43:33,800
Speaker 1: things that will always be there. But automating your decisions,

983
00:43:34,239 --> 00:43:35,640
Speaker 1: I don't care how much money you may call it.

984
00:43:35,760 --> 00:43:37,960
Speaker 1: Let's say you make five thousand dollars a month. If

985
00:43:37,960 --> 00:43:40,200
Speaker 1: you just took fifty dollars of it, you know you

986
00:43:40,239 --> 00:43:42,719
Speaker 1: won't miss it, especially the moment it hits it. Schedule it,

987
00:43:42,760 --> 00:43:44,440
Speaker 1: when it hits your account, it gets taken out an

988
00:43:44,440 --> 00:43:46,879
Speaker 1: hour later, you just won't miss it. And if it's

989
00:43:46,880 --> 00:43:49,480
Speaker 1: not there, you won't plan to spend it. So automating

990
00:43:49,520 --> 00:43:52,719
Speaker 1: your investment decisions is something I cannot stress enough. And

991
00:43:52,760 --> 00:43:55,360
Speaker 1: the final thing I want to say, man, is you

992
00:43:55,360 --> 00:43:57,160
Speaker 1: know to me being in the industry as long as

993
00:43:57,239 --> 00:44:00,880
Speaker 1: I was roth Ira, rollobriray. These are words acronyms, but

994
00:44:01,280 --> 00:44:04,000
Speaker 1: it's really you know, I guess I get sad that

995
00:44:04,000 --> 00:44:06,520
Speaker 1: how many people haven't educated themselves on just having a

996
00:44:06,560 --> 00:44:09,919
Speaker 1: basic roth Ira, whether you're Connor's age, whether you're twenty

997
00:44:10,000 --> 00:44:13,200
Speaker 1: years old, thirty years old. Again, automate it. It costs fifty.

998
00:44:13,239 --> 00:44:15,600
Speaker 1: You don't need a fancy financial advisor, you don't need

999
00:44:15,600 --> 00:44:17,400
Speaker 1: any of that. Just go to e Trade, open up

1000
00:44:17,400 --> 00:44:19,799
Speaker 1: a roth jump one hundred bucks a month. But if

1001
00:44:19,840 --> 00:44:23,160
Speaker 1: you do it religiously, if you do it systematically, I

1002
00:44:23,160 --> 00:44:25,160
Speaker 1: don't think you're gonna get hurt. Connor, do you have

1003
00:44:25,200 --> 00:44:27,000
Speaker 1: any other questions or anything? You want to kind of

1004
00:44:27,040 --> 00:44:28,120
Speaker 1: close out the year with brother.

1005
00:44:30,000 --> 00:44:33,680
Speaker 4: You know, I think you covered a pretty vast amount

1006
00:44:33,719 --> 00:44:37,919
Speaker 4: of information here for Financial Fridays. You know, just thank

1007
00:44:37,960 --> 00:44:39,960
Speaker 4: you for keeping it pushing for the six months you've

1008
00:44:40,000 --> 00:44:43,720
Speaker 4: been here. And we'll look forward to full twenty twenty

1009
00:44:43,760 --> 00:44:46,600
Speaker 4: four of financial information that you're gonna bless us with.

1010
00:44:47,560 --> 00:44:49,480
Speaker 1: Well, shit, that was way better than next. But I

1011
00:44:49,560 --> 00:44:51,600
Speaker 1: appreciate you guys, man. And you know, like I said,

1012
00:44:51,600 --> 00:44:53,960
Speaker 1: this is the twenty fifth show we've done here, this

1013
00:44:54,040 --> 00:44:56,239
Speaker 1: is the last show of the year for Financial Fridays.

1014
00:44:56,480 --> 00:44:58,920
Speaker 1: I could not be more proud of the affiliation that

1015
00:44:58,960 --> 00:45:00,839
Speaker 1: I have with the entire crew here, man. And it's

1016
00:45:00,880 --> 00:45:03,920
Speaker 1: not just the head guys obviously, Blue Joe Grande. These

1017
00:45:03,920 --> 00:45:05,759
Speaker 1: are both brothers of mine that have allowed me to

1018
00:45:05,760 --> 00:45:08,920
Speaker 1: be on this platform, which I couldn't be more appreciative. Man,

1019
00:45:09,080 --> 00:45:12,319
Speaker 1: Adrian Amir, The Two, alex Is Mondo, Madison, Teddy the

1020
00:45:12,320 --> 00:45:16,680
Speaker 1: show Dog, Daniel O'Connor, Elbert Kink, Cam Baxter Beach, Barcelara,

1021
00:45:16,680 --> 00:45:20,800
Speaker 1: Ali Muffins, Sunday, Cassie Ruby, Goldie Brother, Pitt, Mark Currents,

1022
00:45:20,880 --> 00:45:24,160
Speaker 1: Chris Frankino, Jennifer Erica and Elvis. You guys, thank you

1023
00:45:24,239 --> 00:45:26,480
Speaker 1: so much for listening to Financial Fridays here on Cannabis

1024
00:45:26,520 --> 00:45:28,520
Speaker 1: Talk one on one with Blue and Joe Grande, the

1025
00:45:28,560 --> 00:45:31,480
Speaker 1: world's number one source for everything cannabis. I'm Tony Kay.

1026
00:45:31,520 --> 00:45:33,880
Speaker 1: You're Insider Investor. You can always find me on Instagram

1027
00:45:33,920 --> 00:45:37,080
Speaker 1: at the Insider Investor. I'm gonna see you guys next year,

1028
00:45:37,320 --> 00:45:39,640
Speaker 1: next Friday. Remember to keep your wallet tight, keep your

1029
00:45:39,680 --> 00:45:41,600
Speaker 1: mind right. I look forward to seeing you next year.

1030
00:45:42,000 --> 00:45:43,959
Speaker 1: All the inside we out.

1031
00:45:44,080 --> 00:45:46,920
Speaker 2: Thank you for listening to Financial Fridays with the Insider

1032
00:45:46,960 --> 00:45:50,640
Speaker 2: Investor Tony Kay on Cannabis Talk one oh one, the

1033
00:45:50,760 --> 00:45:53,480
Speaker 2: world's number one source for everything cannabis,