Latest / Success Story with Scott Clary / Ross Mandell - The Real Wolf of Wall Street | Rock Bottom to Wall Street Royalty

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Ross Mandell - The Real Wolf of Wall Street | Rock Bottom to Wall Street Royalty · Success Story with Scott Clary

• 0:00
  I don't care much for money. I think money is overblown. It doesn't have that much meaning to me.
• 0:05
  Even though a house goes up, you gotta pay taxes on it.
• 0:07
  They're of course just associated with it. And these are costly things. Money's actually costly.
• 0:12
  When you put money in the bank, you don't realize it's not your money.
• 0:15
  It becomes the bank's money instantly.
• 0:16
  He was once the Wall Street Maverick, the man who lived fast, played hard, and made millions.
• 0:22
  Ross Mandel built a reputation as the bad boy of Wall Street. Fearless, bold, and larger than life.
• 0:28
  I turned $1,500 into $30 million. And I spent five or 10 million along the way.
• 0:33
  I was nuts, but I was in my 20s. I was young. I just thought this is great. Mentorship for me was huge
• 0:39
  throughout my time on Wall Street and makes all the difference in the world.
• 0:42
  But behind the headlines of excess and controversy was a story of ambition, downfall, and redemption.
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  He tasted both the heights of success and the depths of consequence. And now he's here to tell the truth.
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  Unfiltered, broth, and unlike anything you've heard before.
• 0:56
  The way I was able to climb the lattice so to speak is success.
• 1:00
  My rap was listened. Can I just come in? I won't say a word. I just want to listen to you.
• 1:04
  In order to get next to somebody that's meaningful and substantial, he knows what he can do for you.
• 1:09
  The question is, what can you do for me?
• 1:11
  Invest in yourself. Believe in yourself. Don't buy what everybody's selling. Don't buy the news.
• 1:26
  Most people are afraid of money. The people that have it have it because they're not afraid of it.
• 1:32
  Why are most people afraid of money?
• 1:34
  The reason they were afraid of it is because they need to make an excuse
• 1:38
  whether they don't have it or they don't chase it aggressively.
• 1:42
  So it's become something that's relatively unattainable and it creates fear over those kind of things.
• 1:50
  Were you ever afraid of money?
• 1:52
  Never. I never afraid of money but he is the funny thing about me. I don't care much for money.
• 2:00
  I think money is overblown. It doesn't have that much meaning to me.
• 2:08
  The only person ever heard speak about this openly is Robert Kiyosaki who I think is rich
• 2:13
  dad poor dad. I think he's one of the smartest guys in the world. We have a lot of very similar
• 2:19
  philosophies. Interesting enough our stores on lightspeed and lightspeed platform happen to be right
• 2:24
  next to each other. Absolutely. Real. And Greg Grancadones on the other side. But this Robert Kiyosaki I
• 2:30
  think has fundamentally he's managed to put in words what I seem to know. So like most of us will
• 2:42
  say you know I own my house right that's an asset and I own my car I don't lease it that's an asset
• 2:52
  and you know nothing can be further from the truth. These are not assets and if they are assets they
• 3:00
  they're characterized as depreciating assets and even though a house goes up you got to pay taxes
• 3:07
  on it you know there's there were costs associated with it it actually cost you money and unless
• 3:15
  you're getting interest because a financial interest meaning you rent it out let's say it's a
• 3:21
  property that you rent out now that's interesting he focuses on on the income statement of a balance
• 3:28
  sheet because he feels that certain things that a categorizes assets really aren't and I actually
• 3:33
  get that so to me money is always been just a tool to acquire things that I find necessary
• 3:42
  comfort things of that nature security these are things that I use money to acquire
• 3:52
  and these are costly things money's actually costly what do you mean by that let's just say you're
• 3:57
  in the podcast business yeah okay so you have to have it happen to be it's just what
• 4:02
  what quintence and it just we were talking about putting together a studio right you might
• 4:07
  have spent $50,000 so you're actually it's your business and you spent let's say $50, $125,000
• 4:17
  we're at the numbers off for the mixer and the camera and the roadcaster and they will all the
• 4:23
  the microphones etc the business itself until it generates income it's a bunch of expenses right
• 4:34
  and but you know we make a we're willing to invest in in a business because in theory the
• 4:41
  business by definition is an entity that is formed to create a profit and so so when you look at
• 4:48
  things like so to have money people think the idea is to have money and to put it in the bank and
• 4:57
  save it I was talking to a guy yesterday he's got a few hundred grand saved and I said what do you
• 5:02
  do with the money he says I keep it in the bank I said really it's in the bank I said okay I
• 5:11
  said what do you think you know why in the bank because you know it's safety and you know I get
• 5:16
  interest I said what interest you're getting and he goes I think I'm getting like 3.8% or something
• 5:21
  like that I said a week a month no a year okay and who pays you that interest well the bank pays
• 5:29
  me that interest well do you think the bank is losing money by paying you so you don't know
• 5:36
  anything about banking so bank when you want what your real bank you know goes to the window and
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  gets 33 times whatever the money is by the way when you put money in the bank you don't realize
• 5:47
  it's not your money it becomes the bank's money instantly make a money off of it too and you
• 5:53
  get a chip you get a receipt like a code check and yes if you come back they have they can honor it
• 5:57
  up until 250,000 because that's what the FDIC says they immediately take your money leverage it up
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  they borrow against your money and get 33 times that money so if it's 10 grand now that's turned
• 6:10
  it to 3.30 grand and they invest that money and I promise you banks make more that's we're
• 6:17
  going to have to send a year on your money I said if you consider looking at a very conservative
• 6:24
  blue chip dividend paying stock this is what do you mean I said well I put money sometimes
• 6:30
  in the market that shouldn't be a surprise okay I said safe money I said you have to buy warm on
• 6:37
  you heard a warm on biggest retailer in the world twice okay you think there's any chance
• 6:42
  they're going to have any problems paying paying you out because every 90 days that you hold their stock
• 6:50
  they're paying you a dividend do you know that one much dividend is equivalent to 5% a year
• 6:57
  plus the stock continuously so you get the upside on the appreciation plus the dividend pay up
• 7:02
  right so like buying a owning a stock and sitting with it that doesn't pay you a dividend is like
• 7:08
  owning a piece of real estate you have no tenants in it you know it's it's unoccupied that was
• 7:16
  that the way you know but it's but you know it's funny because you're you're saying yeah owning a
• 7:21
  stock doesn't pay you dividends is a dumb idea which I agree but at the same time the majority of
• 7:27
  people have such have such insignificant understanding of money and finance that they're going to leave
• 7:32
  money in the bank they know what we teach you what we sell you buy and hold buy a stock and hold
• 7:39
  it for 30 or 40 years so the the when you buy people don't even understand this you know
• 7:46
  every bank stockbroker and professional trades from the short side what does that mean
• 7:51
  you're going to call up your broker later Scott and you say I want to buy a thousand shares of
• 7:54
  Nvidia let's just say for arguments it's 100 it's really about 113 it's a hundred thousand dollars
• 7:59
  right and you say okay um and you help your broker when I want to buy a thousand shares he calls
• 8:05
  you back a minute later it says you bought a thousand shares it uh at a hundred that's a hundred
• 8:09
  thousand right and you feel good you feel like the brokerage firm just went out and bought you that
• 8:15
  stock but they did not buy you that stock that's what we want you to think they looked at the market
• 8:21
  and they shorted it to you they borrowed it from stock loan department somewhere and they sold it to
• 8:29
  you why because they can always buy it back cheaper so I'm going to I'm going to I'm going to sell
• 8:38
  it to you for a hundred only because I know that I could probably buy buy it back at $99.99
• 8:42
  and $97.97 whatever the numbers are but cheaper because they're closer to the market than you
• 8:47
  so things are a luxury we you think you see something and nobody knows what they do and it's not
• 8:56
  we're sitting on a chair that I would swear I'm sitting on a solid item but if we look under
• 9:01
  an electron microscope it's billions of subatomic particles moving it you know uh to
• 9:06
  186,000 miles a second and and and speed it's moving it's active so um you know be you know
• 9:13
  your understanding of the world isn't always as factual as you might believe so with money especially
• 9:24
  and things like investing you've been programmed to believe what we've been telling you to
• 9:31
  believe I'm part of that machine that went ahead and pitched and sold a story just like
• 9:37
  you know hundreds of thousands of other people and and hundreds of thousands of books etc you know
• 9:42
  we're talking about just briefly touched on investing in stocks and dividends people's financial
• 9:48
  education is so far from yours it's unbelievable it's almost like it's almost funny if it wasn't
• 9:54
  sad how far people's financial education is because there's a lot of different reasons it could be
• 9:59
  our school system doesn't teach a shit it could be that our parents never taught us anything they
• 10:04
  didn't know any better they didn't know themselves how many people retire and they go trust an investment
• 10:09
  visor from a bank and that's their one retirement strategy right in the USU Air 401k's in
• 10:15
  in Canada you got RSPs or you got a whole bunch of different things right right but you've been in
• 10:21
  this game for a long time not everybody's been in this game since what the early 80s 1983 you were making
• 10:28
  you were making money you were making good my you so I have here you're making $200,000 a month
• 10:32
  of the stockbroker in your 20s that correct yeah correct that's not bad that's not bad which
• 10:37
  very good actually and it was I felt invincible I felt you know how much will Thomas will throw
• 10:46
  to book yeah called bonfire the vanities best number one best self they made movies out of it
• 10:52
  one movie a series of shows all the whole thing and they talk about a guys that were a
• 10:58
  Wall Streeters at that time in the 80s and they called them masters of the universe and I was one
• 11:05
  of those guys and in the 90s they talked about the bad boys of Wall Street in the 80s prior to the 87
• 11:14
  crash because starting in 1982 the market went straight up imagine a gray chart so you get in here
• 11:24
  by my elbow and it went just like straight up for five years I turned $1500 into 30 million
• 11:31
  and I spent five at 10 million along the way I was nuts but I was in my 20s I was young and I just
• 11:39
  thought this is great like I didn't even understand the could ever end or even change because I was
• 11:45
  you know I was I was hooked in with some of the most famous guys in history of Wall Street that
• 11:51
  today are on the Forbes billionaire list etc guys that created NASDAQ they created electronic trading
• 11:57
  they created the ideas of the fundamental way markets are made today the way you understand
• 12:03
  venture capital private equity all these different things so again mentorship for me was huge
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  throughout my my time on on Wall Street and makes all the difference in the world I had guys that
• 12:17
  taught me that showed me that allowed me to listen in took the time out to structure deals invited
• 12:23
  me in deals once they saw I had value when I was talented I could add value you know people I'm
• 12:29
  going to give this is a little tidbit for your listeners because I know you have a substantial
• 12:33
  audience I'm getting a lot of people right now because I'm on the come-up in the sort of
• 12:37
  influence of podcasting space right so with online education the wealth formula podcast I'm
• 12:43
  mentoring a lot of people and people are coming to me out of the woodwork right now and everybody's
• 12:48
  like they see now that I I'm out of prison short period of time and I'm on the come-up my
• 12:55
  charts going like this now and people are saying you know I know you've signed to produce a movie
• 13:03
  my brother wrote a script a screenplay a book can I please send it to you another guy wrote a book
• 13:08
  and he see that I'm about to get a big publishing deal and he wants to send me the book so I
• 13:13
  could maybe get him a publishing deal I have literally two three dozen people and I'm sure you
• 13:18
  would do too uh uh uh reaching out telling me what I could do for them yeah and the way I was able
• 13:28
  to uh to climb the lattice so to speak is success my my rap was listen can I just come in I won't
• 13:37
  say a word I just want to listen to you there's nothing I won't do for you what can I do for you
• 13:43
  in order to get next to somebody that's meaningful substantial somebody that is on that
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  trajectory he knows what he can do for you I know what I can do for you I know what I can do for him
• 13:56
  the question is what can you do for me so if you want to get next to a big guy you want to pick his
• 14:02
  brain you want to see how he moves how we operate so we handle things what can you do for
• 14:08
  the person that says to me I want to handle all your social media Nelson I got this you don't
• 14:16
  worry about it I'll take care of this now that's somebody that has value to me and if I look you
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  up and down and I say you offer value to me and I think I'm and if I'm willing to accept that value
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  a real guy a real dude in life won't even accept value unless he knows he's going to pay it back
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  he's going to offer it back I know what I could do for young men I really know I know what I could
• 14:45
  do for middle age man or you guys my age the question is why would I what I'm I'm not a charity I do
• 14:53
  do a lot of charitable work I'm a philanthropist I know you're saying no when you started you just
• 14:58
  gave everything that you had to these guys that were the mentors and the people that were you know
• 15:03
  tenured in the game how can I serve you yeah what can I do for you when I when I speak to anybody
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  that has in my opinion real value and I want to get with him in some way if I want to get him
• 15:17
  to do something for me I don't say can you do something for me I say how can I serve you I want
• 15:25
  you to know there's a willingness to give those are the people that end up getting people that
• 15:33
  are willing to serve I know a lot of people that made a lot of money and I've been a little bit
• 15:40
  successful I'm not compared to some people have had you know nine figure exits and whatnot but
• 15:45
  for me it's like a different kind of success because you have a little bit of fame and you have
• 15:49
  an audience so people are interested in you for that reason as well but whether or not it's money
• 15:53
  or fame that you bring to the table obviously very privileged to have that but it's hard to it's
• 15:58
  hard to figure out whose intentions are true when you're trying to figure who to work with who to
• 16:02
  spend time with it's very difficult you are on your way I mean a lot of say oh a podcast another
• 16:08
  podcast it's like such a crowded space we've done we've we've analyzed this space there's maybe
• 16:13
  a thousand people doing serious people how many doctors how many lawyers how many stock brokers how
• 16:19
  many engineers how many plumbers how many electricians there's nobody podcasting the
• 16:25
  Minimists on a pinhead nothing unregulated business you can have your own network virtually no
• 16:35
  barrier to entry if you have Wi-Fi and you have a phone with a camera you can be a podcaster one
• 16:42
  of the things that really swayed me a lot of people saying you were meant for this kind of thing
• 16:49
  your podcast your speakers you can just help so many people etc and I said what do I know from
• 16:54
  this kind of thing and then my ex-wife sat me down it showed me as woman she was like a sales clerk
• 17:03
  checkout person at Walmart one of the big big box stores and she has an iPhone and she sits at a
• 17:12
  kitchen table and she started a podcast and now she's making 70,000 a month and she didn't even
• 17:21
  believe that it could work like that and she stayed as a like a cashier at one of these big box
• 17:29
  until she's making 50,000 a month on a continuing basis you make so annual salary monthly
• 17:35
  that's what she says and you know she just at some point you know we hit a wire you killing yourself
• 17:41
  you know getting up early in the morning going to work eight 10 hours and then you have kids
• 17:45
  and a husband and then when you squeeze in your podcast and meanwhile this is what's paying
• 17:48
  everybody's bills and all that kind of thing because it was almost like she couldn't believe it
• 17:53
  and I believe this is where we're at in this particular business you have a great name
• 17:58
  you're smart you're young you're good-looking you married well I mean uh you know you're on
• 18:04
  charwood footing the world is yours bro you think about you think about opportunity right I mean
• 18:10
  there was opportunity with leverage and money and finance when you started out there's still
• 18:15
  that opportunity too but now I think that um the opportunity is with media and reach because then
• 18:21
  you combine these things right you there's there's this concept uh from a guy
• 18:26
  Navale Ravicon he's a modern day philosopher very successful entrepreneur he built uh one of the
• 18:33
  companies built was Angel List which is a big like a startup company you can invest through it
• 18:38
  but the point is he speaks about four kinds of leverage there's like technology there's finance
• 18:45
  there's people and then there's media as like the four things that if you figure out how to tap
• 18:50
  into those things like this guy's a limit right you're golden now well you well you know
• 18:58
  as you know financial and you know people you know how to use those two types of leverage and
• 19:02
  technology to a degree because you've like also built a massive audience yourself but media is
• 19:07
  something that people are there there's a lot of creators out there but I don't think people
• 19:12
  understand how powerful media is I don't think there's really been a play where somebody has understood
• 19:17
  the power of media plus public market I see a lot of technology plus public markets for sure
• 19:24
  right people taking companies public all the time that are software companies they IPO their
• 19:28
  unicorns are you know trillion dollar companies now I'm forget a billion three trillion yeah but
• 19:34
  media I don't see that people have figured that alignment out yet you know there was a guy named
• 19:40
  Sumner Redstone who figured that out and he formed Viacom and he had A&B shares and Sherry Redstone
• 19:48
  his daughter now runs Viacom B and she's in the midst of they're in the midst of a lot of
• 19:53
  there's a lot of noise going on regarding that company and Paramount and they're gonna spend it
• 19:58
  off it's yeah so that's that's incorrect so there are news media I think I meant not traditional media
• 20:05
  I meant new media well there is really been no play yet with the new media and that's why
• 20:11
  formal media because my plan is to introduce the world of new media to the world of wall street
• 20:23
  and stock market virality and I mean there were guys like Patrick Bet David that I think understand
• 20:30
  it and moving that way my guess is at some point value attainment we'll we'll go public that's my
• 20:41
  guess I don't know that he would be interested just in selling but you never know because he might
• 20:47
  command a price of three four five six billion you know who understood this and really
• 20:53
  there was a guy named Mark Cuban yeah yeah of course in the in the nineties he created a broadcast
• 21:03
  media it was a company that at its height the 25 million in revenues in the media space he sold
• 21:12
  that for 5.9 billion dollars 90 percent of all his employees became millionaires but when you
• 21:19
  are talking about a new innovative technology media which offers its own virality
• 21:32
  and the virality of the stock market as witnessed by anything with dot com was being valued at
• 21:38
  you know a billion dollars what I'm trying to give you is a virality the virality aspect of money
• 21:47
  the stock market you think if Yahoo would have offered Mark Cuban a billion dollars he went
• 21:53
  to have taken it he would have said no that would have said see you later Mark an hour later he would have
• 21:57
  been like you know I was just thinking about this can we do a billion too because I really
• 22:02
  have eyes on on a basketball team in Dallas and they want 200 million imagine that was 200
• 22:08
  million for the Dallas Mavericks and he sold them a value of six five to six billion so he's
• 22:13
  pretty good at understanding virality and value so raw media it is it is our intention as a group
• 22:22
  to roll up podcastes people in the space mentors etc things that encompass what I call the social media
• 22:30
  the new media the influence of space and we're going to bring that to the market what's that going
• 22:35
  to be worth well let me let me ask you a question if we can control 20 million eyeballs what's that
• 22:43
  worth a lot well let me just tell you something if there's a a game or an event they get 20 million
• 22:51
  eyeballs on a on television let's just say or a movie do you understand the value
• 22:58
  it's enormous it's it's it's enormous the super bowl is the single biggest event in the world
• 23:03
  and they get about a hundred million eyeballs worldwide so what up do you get 20 million think about
• 23:07
  that 20 million on command and command that's yeah you you listen good see you understand the value nobody
• 23:16
  knows what just what what the value really is that has them in done after it's been done tried
• 23:22
  and tested a few times then we'll have a better idea but the ideas to be avant-garde to introduce
• 23:28
  the whole thing because that I got that idea you know because guys like Mr. Beast were complaining
• 23:35
  that he's making money a lot of money he's had offers though for over a billion correct now
• 23:40
  but I'm talking about we believe it or not only about about 10 months ago that he you know he's just
• 23:48
  not making that Wall Street money it's not making that Wall Street money you've got companies that
• 23:55
  are sorry as companies the average IPO for a big firm is is valued at a billion dollars I don't
• 24:02
  think people really can comprehend how much money is in Wall Street I don't think you've ever lived
• 24:07
  it they understand three trillion dollars a day trades a day a Wall Street on the field I was
• 24:14
  in prison and one of the big questions when you first get to prison guy see on the yard to see
• 24:19
  walking around the compound hey a new guy a OG a old man um they used to call me rock solid
• 24:28
  because that was an aim of a book I wrote and I had like you know don't ask like 150 books sent
• 24:35
  in and they were gone in 10 minutes I was shocked to find their receives in prison you know what
• 24:42
  I mean and um so um they would say you so what institutions uh you with what institutions you've
• 24:51
  been at and I'm like New York Stock Exchange London Stock Exchange and they're talking about like
• 24:57
  what prisons if you've been at course yeah like you say of course I had no idea you know I think
• 25:02
  for the second you said that I'm like are they talking about prisons they're laughing at me because
• 25:05
  I'm like literally saying New York Stock Exchange remember the book we're talking hotel with Beach
• 25:08
  Club and uh you know I'm trying to think of where I'm a member like you know Friars Club and um
• 25:16
  then they say you know they talk they brag you know I was the man in the higher Leah I had you
• 25:23
  know 18th and and fine I was my block bro I mean we were doing we were doing two two two keys
• 25:30
  a week bro two keys a week then other guy be like yeah well I'm a from DC man right two bucks
• 25:38
  no White House Avenue G and H3 do you know we would turn it three keys a week and this would go
• 25:44
  around like a whole thing you know and they'd say I'd be like you guys a punk ass bitches
• 25:51
  I'm from Wall Street bro we do three trillion dollars a day indeed is a success story partner
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• 28:03
  Scott clary right now everybody knows you're into finance young yeah you had a rough couple years
• 28:10
  in terms of like drugs and just probably just going very hard in all aspects of life working on playing
• 28:14
  hot yeah but just briefly you don't have to go through everything but briefly talk about sort of
• 28:21
  like what you were able to accomplish before the government came after you for 140 million and
• 28:27
  also why with the moves that you made over your career did they choose to come after you early in
• 28:34
  my career largely due to the drugs and alcohol being young stupid and not having a good idea not
• 28:46
  not understanding how I was supposed to really conduct myself I hear them myself I got
• 28:50
  advice my father passed away one of 16 and I lacked a North Star a moral compass a figure that
• 28:59
  would you know say hey tighten up get in here you know my father was one of the most honest decent
• 29:06
  hardworking men I've ever he was the most that I had ever encountered in my life and I was very
• 29:12
  angry when he passed I was meditating myself with I'm a garbage head you know drugs alcohol but
• 29:19
  the cocaine really is what brought me to my knees ultimately and I started out at a what they
• 29:28
  call a wirehouse a merrill Lynch EF Hutton Smith Barney pain webber did a big recognizable names
• 29:37
  and we basically like a supermarket or a smorgasbord we could sell your car insurance life
• 29:42
  insurance health insurance I could build your stock portfolio do your IRA your keel plan if you
• 29:48
  have a business on an operated business I was a bond salesman I did tea bills and munis and
• 29:54
  corporates and uh you know everything you could think of if you said to me this is what I
• 30:02
  wanted to do I say you know what I'm an expert in that field but I was at a firm that trained me
• 30:07
  and licensed me in all these areas and I was very frustrated after a year because I had opened
• 30:14
  300 plus accounts which is like some sort of like that a record when I tell the story people
• 30:19
  like oh my god like guys in the business 25 years never never never at what's the value when
• 30:25
  you do something like that like how much money you bring the firm well what happens is the firm
• 30:30
  just wants customers I brought in 330 customers colds from scratch with no help no leads you know
• 30:40
  no nothing special no cost to the firm and I generate like 325 330 thousand my first year
• 30:49
  and the firm gets I can't even tell you how much they make they here's the funny thing so
• 30:54
  you know I didn't understand that and how much the firm is making on me or anything you just
• 30:58
  know like for every dollar you in commission the firm is keeping half you're getting half something
• 31:03
  like that but what happens is every time you buy yourself something at a bank or a firm
• 31:12
  they're making money in ways you don't have any you don't you don't you haven't even thought about
• 31:16
  this this is a business this is a business about money they curate every transaction
• 31:26
  effects maybe or kicks off is a catalyst for another five transactions you don't even know about
• 31:31
  they short they short you the stock they short you the unit trust then they have to go in trade and
• 31:37
  get so now they have some power they have now know what paying customers willing to pay
• 31:44
  for a certain amount of shares of stock or units of a trust or membership interest in LLC etc
• 31:50
  you get very technical but you know it's broken down 15 ways by Tuesday that very smart guys
• 31:56
  have been analyzing for a hundred years to see how they can use that to their advantage and
• 32:02
  they have figured it out so I I was ranked number one out of a class of like out of 150 guys
• 32:09
  starting out in 1984 at EF Hutton which was the number one and number two a training platform
• 32:16
  ever and to this day everybody was wow pro you were an EF Hutton guy that was the best training
• 32:21
  program and that's why I picked it because I it had that reputation um so I became a very hot
• 32:29
  prospect instantly so I'm like a ball player in my first year I'm making I'm scoring 20 points
• 32:35
  of game I'm a lockdown defender I'm getting rebounds I'm getting assists I'm a team player I don't
• 32:40
  cause any trouble for anybody down to me time I'm doing what I'm doing I'm drinking I'm smoking
• 32:44
  I'm snorting every day but I'm young and I can do it but you know what everybody's doing that's
• 32:50
  what I'm thinking everybody's doing it and I found my crowd of people that were doing it there
• 32:56
  are people at every single firm parting like that just a fact and the funny thing is fleshful and
• 33:02
  when I did get clean nobody wants to hire me when I was clean you're an AA what does that mean AA
• 33:10
  you don't drink you don't drink during the day you don't drink during the we I don't understand
• 33:13
  I mean what he what he want me Friday night I'm having people over you know my daughters uh you
• 33:18
  know she's been botnitzful that she's getting a christening and we're going to be serving wine
• 33:22
  so you're not going to have a drink I'm like no I'd like you would think that would make me more
• 33:29
  attractive to serious people they wanted big balls roast mandels buying drinks for everybody at the
• 33:36
  bar and who's hung over smoke and cigarettes going to a packet to a day at my desk back in those
• 33:42
  days you could smoke everybody had big ass trays everybody had flasks and bottles you know in their
• 33:49
  desk and while drinking running out of time saying wild it's amazing how the media was able to
• 33:55
  influence so many people like smoking is the devil today people that smoke today tell me I'm like
• 34:01
  the devil I have they have a little box in Manhattan outside they go on the curve you know it's
• 34:06
  10 feet from the entrance and it's a little thing like a penalty box exactly and they sit and
• 34:10
  they smoke suck down their cigarettes they you know they they feel like I'm an idiot people don't
• 34:14
  drink as much anymore either they don't I found it I just heard an interesting stat one of my
• 34:19
  friends worked with cruise lines and he says that the drinking is down significantly on the cruise
• 34:24
  lines but you know what happens when the drinking is good that people are so funny is the total
• 34:28
  aside but I thought it was an interesting point so they they expect that when people drink less
• 34:34
  they spend less money at the casino and he says that's not the case because when people
• 34:39
  now know that if they drink they're expecting to get fucked at the casino so they go to the casino
• 34:43
  thinking I'm sober I'm gonna win and they get fucked 3x exactly right yes so now drinking is
• 34:50
  down on cruises and casino revenues like 3 or 4x what it was before covid is that crazy people are
• 34:55
  so funny and they always try and beat the system but the system always beats them regardless but
• 35:00
  anyways it's probably I have friends who play poker and they purposely don't drink they drink
• 35:04
  they like to drink but when they go play poker they won't drink yeah but you know the average
• 35:07
  gambler thinks if they're sober they're going to beat the house and they never win the odds of
• 35:11
  the odds are the odds are the odds of your mess anyway exactly back to your so this is this is a
• 35:16
  different time and what a lot of people live in right now obviously not people aren't smoking
• 35:20
  out their desk people aren't drinking awesome I'm sure people so I'm sure people in finance still
• 35:26
  drink and do a whole bunch of blow like I'm pretty sure this is not change that much all happening
• 35:30
  right now by the way if you're in finance you have a guy that has a problem call me I do
• 35:36
  I do consulting for some Fortune 500 companies and if you have an executive that you want to protect
• 35:43
  you don't know how to handle him he's very valuable to the organization but you know he might
• 35:48
  suffer from the disease of addiction or alcoholism we can help you. Ross Mandel reach out info
• 35:54
  at rossbandel.com will help you when you are going through the more stressful parts of your story
• 36:00
  you never went back and and felt that you had to let go rely on substances or anything
• 36:10
  that to get through it. I actually want to swallow a bullet if that's what you get to that substance
• 36:16
  you know many times in Asia there's a lot you know I pray to God don't I don't want to wake up
• 36:21
  tomorrow I don't want to face tomorrow I've found guilty four counts I'm going in with my family
• 36:29
  to be sentenced by the judge the lawyers tell me 50% 50-50 they're going to take
• 36:36
  remand you then they take you into custody right then and there so put all your variables in a
• 36:40
  plastic bag and be prepared to hand it to your wife or your lawyer because they're going to take
• 36:46
  you right in and whatever you have on you is probably going to end up missing and you know I just
• 36:49
  want to roll I always have you know expensive things and I just don't want to you know God I just
• 36:54
  don't want to wake up tomorrow that you know I've had pressure that's been that big where drinking
• 37:02
  or taking a pill wouldn't do anything you know I'm facing real stress you know a lot of we have
• 37:08
  a lot of manufactured stress a lot of that's part of the disease of addiction in your mind
• 37:17
  whatever the stress is in real life whatever is going on in your mind it makes it there's a
• 37:22
  virality effect it's magnified times a thousand and no if I felt like any of that would have
• 37:29
  helped me I would have would have picked up tell me the rest of the story about what made them
• 37:34
  want to come after you I will explain it to you so by the time I got clean 1990 yeah I had racked
• 37:39
  up about nine arbitration customer arbitrations these are not these are civil all civil yeah
• 37:48
  um and I'll give you an example we do million dollar deals on the phone you're asking somebody
• 37:55
  to invest I say Scott look you have it you have an account with me I say Scott look I got a very good
• 38:00
  feeling about steel US steel symbol X remember the doubt 30 I call icons and buying stock I got a
• 38:06
  very good feeling of something I want you to own and you see all right well it's a real company I
• 38:11
  know steel let's let's I want you to 10,000 shares 30 30 bucks a share can you get me 300 grand
• 38:18
  in the next week but I'm buying them if you say yes I'm buying it right there 10,000 shares
• 38:23
  you say you know what let's do it I said thank you I'll call you back or have my girl call you
• 38:28
  back with an execution so I buy you the 10,000 shares it's 300 grand you know I just made like
• 38:34
  a six nine thousand dollar commission my assistant calls you up it's the trades confirmed okay
• 38:43
  two three weeks go by stock goes down three points it's now 27
• 38:49
  now you have had to confirm by my assistant you told me let's do it you got a confirmation
• 38:55
  in the mail and very well might have got a monthly statement in between you call me up and
• 39:00
  it's like bro what's going on I thought you really you know I thought you really knew something
• 39:04
  I had a good feeling I said I do okay it didn't happen as quickly often times there were delays
• 39:10
  sometimes my information is so fresh it takes a minute for it to sip through the market but I
• 39:16
  just want you know you know be patient it's a great company when we're gonna come out of this
• 39:21
  more than all you're gonna be very happy with me you say you know I don't really remember
• 39:25
  authorizing this trade like what do you mean you know I I was excited because he was so passionate
• 39:33
  but I really wanted to think about it I'm like you put 300,000 in the account the trade was
• 39:44
  confirmed you say yeah well don't don't be like that I wasn't sure and I say listen so now
• 39:53
  whatever I was doing the night before is wet runoff I'm thinking about meeting my coke guy you
• 40:02
  know later tonight I'm all edgy and here you are fucking me with me and I'm like skykel fuck yourself
• 40:09
  you say I don't want to stock I said you want me to sell to stock yeah there's a 30,000
• 40:15
  dollar hit if you sell it right now I had strongly advised you not to do that I never authorize
• 40:19
  that trade so now I'm doing literally sometimes a hundred trades a day dozens of trades with
• 40:26
  dozens of different guys and there were times these kind of things happen these kind of disagreements
• 40:34
  but amongst two gentlemen in the heat of battle things can be said things can be discussed
• 40:40
  things can be worked out the odds of just going to a legal issue down the road is very rare
• 40:46
  cost more than 30 grand the whole thing the tool and it's going to be a nightmare for you the whole
• 40:50
  thing and but I'm very abrasive edgy I'm hungover I need some more some more drugs in me or drink
• 41:01
  you need stock is down three points and I didn't expect that and I own a tool and everybody
• 41:06
  owns it I'm getting a lot of calls like this and I'm like you know and now we'll have
• 41:10
  some that went from I'm not sure if I authorize it to it's on what I didn't authorize this trade
• 41:16
  I want my money back and I'm like you know what's got go fuck yourself this is bullshit you know
• 41:24
  it and I know you go I'm gonna sue your ass for us I'm gonna complain and I'm like you know what
• 41:33
  I'll see you in fucking I'll see an arbitration in six years go fuck yourself and I'd hang up
• 41:38
  instead of trying to be you know you just wanted your handheld you wanted to be cuddled you
• 41:42
  want you want to understand it's the things happen in business all the time right but I wasn't
• 41:47
  having it I was very edgy the markets did go up and down like crazy and I just I just was and so one
• 41:57
  guy actually we went to arbitration we shot my lawyer he's there with his lawyer the panels
• 42:02
  they had this whole thing he was I told you I see you in six years and he called me and it
• 42:08
  became a topic in this arbitration and this is when the government no this is this is just this
• 42:15
  is an example so they say like this they never close the file when you're in it this kind of it's
• 42:21
  a regulated industry it's heavily regulated for them to say I was doing something always ridiculous
• 42:27
  because they said before they ever came at me criminally they had nine different
• 42:32
  examinists and different regulators come including the SEC who cleared me on every audit we never
• 42:38
  had a problem we never had an issue we were completely mindful and in good order and all that
• 42:45
  kind of stuff there was a documents were they I spent the most money on legal fees and because
• 42:53
  by the time I had my own firm and I was in business for myself at the time the government got
• 42:59
  interested in me I had already had these issues I was dealing with eventually everything was
• 43:06
  settled I settled every arbitration dealt with everything one most lost a couple everybody was
• 43:12
  paid everybody was hauled and then the stock exchange came at me and I made a blanket settlement
• 43:18
  with them for all the activity that happened pre-1990 while I was still using because they
• 43:22
  knew my story very well and they said Mr. Mandel is the New York Stock Exchange we offered the
• 43:28
  money this and they said we know you have a lot of money we know you're great aren't we folly
• 43:32
  quit very closely well remember these change they were I'm regulated they said we don't want your
• 43:38
  money we want you to take six weeks off and go to the beach and think about how fortunate you are
• 43:45
  to still be in this business so I would suspend it by the New York Stock Exchange no
• 43:52
  fine I had the money but they I went to Puerto Rico with my girlfriend from month and just so
• 44:02
  you guys all know I made more money trading the market during that six weeks and any of the
• 44:07
  time in my life I was so determined to make money I was so fuck you and you know I'll show you
• 44:14
  I'm like that kind of guy tell me I'm like Dana White tell me I can't go ahead tell me I can't
• 44:20
  I love that shit I live for that like that's like giving me extra motivation I know
• 44:25
  so now by the time the 90s come along I'm sober I'm killing it and life is easy business easy
• 44:34
  you're back with NYSE I'm fully I'm fully good and I'm out of firm I'm waiting for my firm to be
• 44:44
  approved but I'm working at a firm I my firm I was at one out of business and they were quiet
• 44:51
  by a big firm and the big firm fired a lot of people but they paid me not only did they keep me
• 44:58
  they gave me a hundred fifty thousand dollars to stay I was okay with that you know I'm working
• 45:03
  on my own firm they don't know this I take the money and I'm doing business they call me in one
• 45:10
  day is the president of the firm the owner of the firm big shot his partner is a guy named
• 45:16
  Paul Fitzgerald who is the former president of the New York Stock Exchange to chairman right before
• 45:23
  this guy Dick Russell who was very well known because of Ninal he was a chairman during 9-11
• 45:28
  this guy before that in the 90s and they had a deal and they were off from me tens of millions of
• 45:35
  dollars to do this deal and that's why they gave me the 150 ran up front because they knew I
• 45:43
  was the only one capable of doing this deal and it was a very sexy little company out of New Jersey
• 45:51
  they had some sort of cure a treatment for a disease and it looked really great on paper
• 45:57
  it was already public it had a following you know stock holds all these different things great
• 46:07
  IRPR when you look at the company it looks great and they say we want you to take start buying and
• 46:14
  take a position with your clients that hundreds and hundreds of clients I'm representing you know
• 46:18
  bright seven hundred million dollars at this time and my my client money plus my own money etc they
• 46:24
  said we want me to they want me to take over this particular company so typically when you're
• 46:31
  public company you have investment banks that you pay to keep pumping out research on your company
• 46:42
  keeping the shareholders up to date etc if you're not a giant like a McDonald's or a Microsoft
• 46:48
  you know there's a game you play this protocol is a way to do things you don't have to reinvent the
• 46:54
  wheel companies go public you hire a couple of investment banks you pay if there's a big stock
• 47:00
  issue you know there's a guy that can step in and maybe clean up the stock meaning
• 47:04
  some of the guys bought this stock for a dollar and now what's five does I want to sell half a
• 47:08
  million shares of stock there's really no buyers for that kind of size but
• 47:14
  they find the guy to position the stock because he believes in the story etc and they want to
• 47:20
  be that guy for this company and they were willing to give me ten million dollars cash on top of
• 47:26
  anything I can earn and this is from a guy that was the president of your stock exchange and
• 47:33
  to see all this big big brokerage company and I'm like what's the catch I'm thinking this is
• 47:40
  going I'll take you know this is real money I'm on a high money but this is real money to do a deal
• 47:45
  that I you know they sounded great look great and everything else right yeah of course but it
• 47:50
  was a scam they had all their partners and friends and their own money and and whatever this
• 47:56
  technology was it turns out it was a bust and you were going to be this they wanted me to be the guy
• 48:02
  yeah that took all of their friends out their partners their best customers them my guys
• 48:09
  would come in and buy millions of shares I would be promoting and by the way when I started
• 48:13
  buying so I was the kind of guy in Wall Street at some point at this time if I decided to buy
• 48:18
  something and take a big position it was like 30 40 guys around Wall Street that followed my
• 48:23
  week thought I have a very good sense of value that and they were jumping so at my trial years
• 48:31
  later they said that I was a cult leader on Wall Street and then if Ross Mandel decided to raise
• 48:37
  his staff the stock would go up three dollars that's power and it's that's true but not because I
• 48:47
  fuck people I bought scams I knew we're bad and got every I begged everybody so I can get a pay
• 48:54
  down to the table and that's ultimately the crime that my couple of brokers at my firm got
• 48:59
  involved in and that's what brought the feds into my firm and that's what they try to pin on me
• 49:04
  later but I turned down this deal and then they threatened me they said if you don't do this deal
• 49:10
  because now I was they showed me like what's wrong with this copy but they showed you over is wrong
• 49:16
  they admitted to me there's a listen we want to be upfront it's not going to be a great ending
• 49:21
  but you'll have 10 million cash plus you're probably making another five or 10 million during a
• 49:26
  you know buying all the stock and doing all these things and I said no I didn't get sober
• 49:35
  I live by those principles to this day to cheat people to lie to people to rob people for money
• 49:40
  I make money I earn money I don't need to beg people in a bad stock deal I buy real stocks and I
• 49:48
  get paid for it I have good information I get great information for it to this minute and they said
• 49:56
  well the Wall Street Journal has been calling us and they wanted to do a story a big story
• 50:02
  on rogue brokers and your name came up you have very famous in the business
• 50:12
  but we can protect you so they're threatening they're blocking me extorting me sorting you what
• 50:17
  did I do I said fellas thanks but no thanks
• 50:26
  go fuck yourself and I left and they made my life miserable but they didn't know I would already
• 50:35
  apply to have my own firm I had already done all the work I'd already raised millions of dollars
• 50:40
  all these different things and so we get I get a call by the this guy Jeffrey Taylor
• 50:47
  Wall Street Journal was the first time I really make this paper he's writing a front page story
• 50:54
  he wrote the biggest story March 14th 1996 it came out this all started in 1995
• 51:02
  I managed to stall the journal and this this writer was a hit piece on just you
• 51:10
  well I'll explain it to you he used me they wrote my entire life story to indict the regulatory system
• 51:19
  of Wall Street and they used me my whole life's 5,250 words they literally went to my hometown
• 51:27
  and knocked on doors they went to my high school interviewed my teachers they interviewed
• 51:33
  customers that I had issues with you know some of these stores I told you earlier and
• 51:38
  front page Wall Street Journal and they used my story like how could this guy still be in the
• 51:46
  business he said nine operations he was admitted drug deal he was doing cocaine he admits that
• 51:50
  he was abrasive this and that and I submitted myself to three eight hour interviews with this writer
• 52:01
  sharing my life story because my lawyer said you're you're you're going to be approved for this firm
• 52:07
  in the next couple of months but if this guy puts this story out they're going to deny you you'll
• 52:12
  never own a firm so I said what should I do they said the best thing to do is stall I said how do
• 52:18
  I stall they said nobody can talk like it was he's going to sit down and you start telling him
• 52:25
  your life story and by the end of the day you'll be up to like high school first year in college
• 52:34
  and you're so interested they're going to want to come back and get more they think they're getting
• 52:38
  more information on you what you're doing you're stalling and then when all the lawyers because
• 52:41
  the Wall Street Journal had three lawyers I had three lawyers with all the scheduling you know they
• 52:46
  get in their little blackberries at the time what we could kick it will storm a few more months
• 52:51
  so so in the so he writes three grueling after three grueling eight hour interviews and I even
• 52:58
  said to the guy said look I don't know why you're using me for this I could be a great source for you
• 53:06
  as a reporter if you don't skewer me with this story I could be a valuable story if I'm on the
• 53:13
  inside of so I'm a big I'm a big guy in the scam I'm I'm on the come up that's my graph yeah
• 53:19
  right I'm like Scott Clarie's frigging podcast career I'm on that somewhere and he wrote that I
• 53:26
  tried to I offered him that deal in the front page Wall Street Journal I tried to like bribe you
• 53:31
  know what I mean and so eventually the story comes out March 14th 1996 I'm on the front page of
• 53:39
  the newspaper I'm the headline on the news I was looking at I under an apartment in Manhattan in
• 53:45
  a very fancy building and when I walked downstairs we had a big desk you know like it's like I
• 53:50
  imagined a very fancy kind of hotel but it's a co-op a big apartment and you know the guy had
• 53:56
  to put everyone at the papers everyone in the building got Wall Street Journal they always made
• 53:59
  that if I would autograph it the girl that was working for me the stunning young sales assistant
• 54:06
  that was working for me this gorgeous blue eyed blonde built like nobody's business I was working
• 54:12
  for me you know she actually slept with me that week because I was now like a big celebrity and of
• 54:17
  course I married her Stephanie I just want to say them forget you and and and I was like like like
• 54:26
  what's the name of that man's my G G2 wanted to make me a cover story the bad boy of Wall Street
• 54:33
  and I should have done it because I would have had a forever but my lawyers talked me out of all
• 54:38
  that because by now I've been approved already and I have owned my own firm and when that story came
• 54:44
  out freaking 500 guys came to my so in the movie the Wolf of Wall Street yeah Jordy Belford talks
• 54:53
  about how he was in Forbes and they called him the Wolf of Wall Street that's an entirely fabricated
• 54:58
  story he used my story for that scene this he was never called the Wolf of Wall Street he made
• 55:06
  that name up all by himself it was not enforced into a story on him that's my honest to the true
• 55:12
  story you don't believe March 14th 1996 and the title of story it was you know they they
• 55:20
  used my high school yearbook quote lately it occurs to me what a long strange trip has been
• 55:25
  that was my high school quote I was only 17 and already I felt like what a long strange trip it's
• 55:31
  been oh 17 years old that's my high school quote yearbook quote and they had my yearbook picture
• 55:37
  and they wrote this entire five thousand two hundred fifty one story the biggest story in the
• 55:45
  history of the Dow Jones Corporation that owned the Wall Street Journal at that time was the
• 55:50
  number one selling paper in the whole world on planet earth and I was the biggest story at that
• 55:56
  time ever written on somebody but all of a sudden every regulator in this business
• 56:03
  and in government put my picture up the SEC called later that day and said Mr. Manda we just
• 56:09
  want to call you and we just opened up an investigation of you like why they said son
• 56:17
  you're in the front page of the Wall Street Journal and it's not a good look
• 56:22
  because in that business any any presses considered bad press and I thought like held not to be in
• 56:26
  this paper that's what began my journey as sort of becoming a household name in that industry
• 56:32
  and when something like that happens they have to invest again of course they do they have to
• 56:39
  invest again it's not even a choice at that no they talk the guy was a lovely guy they called me
• 56:45
  I never spoke to the SEC again until they charged me and they charged me it's the same thing
• 56:51
  they would have charged me with a 1996 so did the SEC lead to the FBI what well that's the
• 56:57
  misnomer so you know because the SEC had done investigation and found everything we did every
• 57:03
  tea was crossed and every because of that story I was the most analyzed registered representative
• 57:12
  in the history of the industry so when you open a brokerage firm if you and Nelson were
• 57:17
  broke as he started your own firm you know you they got the Finra would say for every 15
• 57:24
  brokers you have to have a compliance officer compliance guy gets like 180 grand a year okay for
• 57:29
  every 15 brokers you have to have one I had to have one for every four brokers because I'm
• 57:35
  Ross Mandel yeah and I did and we was squeaky fucking clean because by the time I was already a
• 57:42
  wealthy guy I'm you know and in you know I was being ordered five times more normally than anybody
• 57:50
  else but even after that story and then there was several other stories written about me as a result
• 57:56
  but then what happened was I had my own firm and I started doing really great business and I got
• 58:00
  it to some great deals and at some point the Wall Street Journal we I was doing a deal we wanted to
• 58:07
  call one of my partners someone to call the journal he is I wanted to see what they think about
• 58:10
  Ross Mandel otherwise we don't want to put out a story and he was wow there now the Wall Street
• 58:17
  Journal is Ross Mandel neutral so the next time I was on the cover of the Wall Street Journal was a
• 58:23
  good story and I went into the Homeland Security business right after 9-11 and I was I was funding
• 58:30
  companies that were helping the American public deal with national security Tom Homan who is now
• 58:37
  the borders are of the United States and Trump's cabinet he's on TV like every two days Thomas
• 58:43
  Homan he was the number two man at the new organization called the Department of Homeland Security
• 58:49
  people don't know that's only been around since 2002 it was formed as a result of the failures
• 58:55
  of 9-11 Aladdin 11 to happen they made the biggest agency in the history of this country
• 59:01
  called the Department of Homeland Security and Tom Homan was the number two guy
• 59:08
  and he came to work for me he served on my boards because I was in the Homeland Security business
• 59:13
  and the government had a very positive view of me at this point so that so everything was good
• 59:19
  hunky-dory kill everything was good I'm killing it and then I take my brokerage from my
• 59:26
  go to London and I get public in London big that hadn't been a deal and I just started the Atlantic
• 59:35
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  so explain to people what you're actually doing at this point like what because yes I understand
• 1:01:37
  it but for the average person I don't need to understand the difference between a company
• 1:01:42
  going public on the New York stock exchange or the TSX or the London exchange I don't even know
• 1:01:46
  what that one's called but explain what you did when you moved to London why you moved to London
• 1:01:52
  okay so what happened that was kind of like the first thing that started to get this whole
• 1:01:57
  fucking FBI thing but what happened was this I um the company that I formed the 95
• 1:02:06
  during this whole fiasco that story being written yeah that I was stolen I got approved it was
• 1:02:11
  called Roan Capital R.O.A.N a guy named Jerry Roth Jerry I hope you're okay Bedford New York he's
• 1:02:18
  rich guy he was a traitor it's Billy's Kellogg Goldman Sachs would out's Billy's Kellogg he became
• 1:02:23
  a very very wealthy guy I bought this stock brokerage from from him I called it Roan Capital
• 1:02:29
  he's a horse breeder Roan colored horses were his favorite color that's where the name comes from
• 1:02:33
  there's always a lot of people trying to think what's R.O.A. and R.O. is for Ross what's he who's
• 1:02:38
  the A.N. who's the secret partner it was the color of a horse he was a horse collector it was his
• 1:02:43
  whole thing great people are so crazy and I would I bought that company in 95 I got approved to
• 1:02:51
  own it that's what I was waiting for that approval and run it and within 20 months less than two
• 1:02:56
  years I sold it it was the hottest brokerage from in New York City blackstone everybody knows who
• 1:03:04
  blackstone is blackstone is sitting in my space in the office that I had decorated by a very famous
• 1:03:12
  interior decorator in New York named Ken Walker and probably the third biggest
• 1:03:21
  privately from in the world right now they took my space that's the space that I decorated and
• 1:03:26
  designed and so I retired I built this firm I made a lot of money and I used it
• 1:03:38
  and but I had it when I sold the company my personal clients didn't want to go with these guys
• 1:03:45
  that were buying the company and I had a huge business 12 guys working for me my own book
• 1:03:50
  so my Nelson came to me at the time I said listen you had done I get it lead not you made a lot
• 1:03:55
  of money I make sure everybody get paid but I really and I had met my my future wife at this
• 1:04:01
  place so I was involved in a like in a Hollywood type of fantasy romance and courtship and were
• 1:04:09
  traveling and just doing all kinds of great things together and settling down planning a family
• 1:04:18
  and the guys that worked for me said listen I parked them I made sure they were okay they didn't
• 1:04:22
  want to work at the people that put the firm there was a little a couple of guys I knew very well
• 1:04:29
  I called them friends we're working at an own to small investment michael thornwater
• 1:04:36
  was a limited partnership lLP and it was right across the street it was in a brownstone they owned
• 1:04:43
  the brownstone in new york which bright today worth you know 150 million it was right across the
• 1:04:49
  street for my apartment where I was living so I parked my 12 guys in that space I let them continue
• 1:04:58
  with the business you know the brokerage but yeah our brokerage business just our client business
• 1:05:03
  was generating you know probably half a million a month and I was the biggest beneficiary of that
• 1:05:09
  and that was just like you know like I let the guys have most of it and at some point they said
• 1:05:20
  they came to me it said listen you're so good at this you put together a firm the Wall Street
• 1:05:26
  journal everybody's hunting you and you put together the hottest from in new york and then plus
• 1:05:31
  the two years you walked away 50 million dollars you understand this whole thing I mean we don't
• 1:05:36
  want to work for these people we don't we do all this business these guys go out to lunch they
• 1:05:40
  smoke some guys they drink all day and we're giving them a hundred fifty grand a month it said we
• 1:05:46
  want to have our own firm I said I didn't want to do that I had just done that I wasn't interested
• 1:05:52
  really it's a lot of work you can retire at this point I was retired I was sort of retired I
• 1:05:57
  wasn't really working I wasn't so they said look I get engaged I got marries I buy my wife a
• 1:06:06
  big house on the land on the beach we have a beautiful apartment in Manhattan we stop making babies
• 1:06:10
  and we get dogs and all these good things and then these guys are begging me so I said I'll tell
• 1:06:15
  you what I'll do I don't want to own shit I don't want to own shit but if you want it in your name
• 1:06:24
  and you want to run it this and that I'll help you so I I did I walked them through the whole thing
• 1:06:35
  now later on the government would accuse me of secretly owning the firm why would I have to
• 1:06:41
  secretly own this firm I owned a firm five minutes before and ten minutes after in my name
• 1:06:49
  why would I secretly own this little shit bucket of a firm do you understand how they try
• 1:06:55
  and I do it they try and find the crime when there was none that's their big thing you secretly ran
• 1:07:02
  this broken deal I didn't secretly own anything anything I own I own and if I don't want I don't
• 1:07:10
  own it not interested I mean it's the stupidest thing in the world if it's worth doing it only I'm
• 1:07:16
  going to own it but if I'm helping a guy I'm helping a guy so now these guys that work for me
• 1:07:25
  we're not to shop this guys the hardworking good guys the second they had their own firm
• 1:07:31
  drinking smoking snorting because now they're making real money making a couple of million a month
• 1:07:38
  we're killing it any place I seem to go in the brokerage world everybody wanted to come I'm just
• 1:07:45
  like a guy Scott I'm a broker's broker yeah I know the game I'm very verbal I'm a very good at
• 1:07:52
  orating and I'm a natural leader and so once I got the hang of it I don't need anybody else I just do
• 1:08:02
  and then if guys want to come in the more the marry let's go as long as you're clean and you have
• 1:08:07
  a decent guy these guys stop being decent guy stop being clean guys and at some point along the way
• 1:08:13
  I said you know what I only want to be associated with these guys anymore this came up my trial
• 1:08:18
  I said you guys want to get rid of me because I started I complain but it's not my firm I don't
• 1:08:23
  have the power but I'm a bros mandel and I'm like I don't like this I don't approve that they
• 1:08:29
  started doing things sneaking around domestic violence beating up their girlfriends because they're
• 1:08:35
  stoned and doing all kinds of crazy you guys from crazy they went crazy like when I was in my
• 1:08:39
  early 20s when I went crazy they went crazy they were going crazy you see now that would have
• 1:08:43
  ever had access to this kind of money or power but I showed them I gave them and I put the key
• 1:08:49
  in the engine I showed them how to do all these different things so I said I gotta get out of this
• 1:08:54
  I gotta get myself extricated from this so I said I'll tell you what guys we made a deal a
• 1:08:59
  legitimate deal they were loyal I was loyal it was you know it was you know adversarial but
• 1:09:06
  we came to a deal they're paying me 70 grand a month you know adding finitum
• 1:09:14
  for them it's a great deal because the business is making 700 grand a month with my business
• 1:09:19
  did I let them run I took 70 grand a month I said I'm out we have a baby we're at the beach
• 1:09:27
  2000 the end of the 90s I'm making money in the market I'm trading this I'm trading that
• 1:09:33
  everything.com.com I'm very content I'm set up I'm now married I've got a child I have two dogs
• 1:09:42
  of beach house and a beautiful Manhattan apartment four car I'm just I have the perfect life
• 1:09:49
  and I'm sitting at my so one day my my my daughter was she was born in February of 2000 she's a few
• 1:10:03
  months old and in March of 2000 was the big dot com crash did dot com bubble burst and to give you
• 1:10:13
  an example the biggest company in the world was called world com telephone company went to zero
• 1:10:19
  for what biggest company in the world the fourth biggest company in America the biggest energy
• 1:10:26
  company zero and run zeroed out loosen technologies eight plus rated a bell company
• 1:10:36
  from 82 to zero the Amazon the Jeff Bezos Amazon you guys all know 300 three dollars to three
• 1:10:51
  it's been revealed now by Jeff Bezos himself was that he was close to going out of business
• 1:10:57
  for months after months close to going to bankruptcy almost miss payroll all these different things
• 1:11:03
  the end of the world apparently and they're parading people on television I'm sitting there
• 1:11:09
  babysitting for my newly born kid and I'm watching CNBC at a beautiful office at a beach house
• 1:11:16
  5,000 square feet I put 800,000 into the backyard with multi level decks and gardens and all kinds
• 1:11:23
  of great stuff and I'm watching all these guys they're parading on television trying to promote
• 1:11:30
  the market it's just a quick downturn by the dip it's gonna come back if you got quality everything
• 1:11:35
  comes back it's a stock market moron after moron after moron they're parading and I'm looking at
• 1:11:42
  this going I don't I can't nobody gets it I don't get it I can't imagine how stupid everybody is
• 1:11:48
  every once in a while the deck is reshuffled in every industry it's just a law of business if you
• 1:11:55
  study business if you study industry you'll see it happens all the time and I'm listening to
• 1:12:03
  these people and I take out a pad and I start doing what I do I stuff and you'll always say
• 1:12:11
  I always know by how many pads you have out my pads out and I'm sketching some shit and I
• 1:12:20
  realize something at that moment I already have the house the wife the kid the cars the dogs I'm
• 1:12:28
  happy my drug of choice has always been more pick up the phone I call one of my favorite lawyers and
• 1:12:36
  I say Rick let me tell you what I want to do and I walk them through the structure of brand new
• 1:12:45
  international investment bank and brokerage business I said nobody gets it we're going to be
• 1:12:53
  able to buy assets for five cents on the dollar in the burnt out brokerage brokerage sector and I
• 1:13:01
  create a prospectus a document and I give them the structure I'm going to own seven million shares
• 1:13:09
  there's going to be another seven million shares in the in the Treasury I'm going to sell
• 1:13:16
  six million shares for a dollar fifty we'll bring in nine million dollars we'll pay a million in
• 1:13:22
  commissions and then I want to get a million shares I'm going to give out to people I care about
• 1:13:32
  that have value and I'm going to take that company public on a foreign stock exchange
• 1:13:43
  he's like you drinking again so this is really not a thing when you're doing when you're
• 1:13:50
  pitching this idea to him I'm not pitching him I'm telling him what I'm going to do but it's not
• 1:13:53
  an idea that anyone's done before no but I just I feel like people just don't get certain things
• 1:14:06
  and it was just a wide open opportunity it's like what I see in the media game you see today
• 1:14:11
  you see things different of course I do that's why you make money I have a different sense of
• 1:14:15
  vision I mean I've been in a different game than most people I actually see the field I see
• 1:14:21
  the plays evolve you know it's like listen I never played hockey and I go to watch a hockey game
• 1:14:26
  and I love it so quick that I have no idea what the fuck's going on but they're like organized
• 1:14:31
  plays and guys have positions and guys position themselves you know I'll be done I'll tell you
• 1:14:35
  something when you play hockey there's a sense that you develop when you play hockey and it only
• 1:14:42
  comes from doing it for long enough but when you're on the ice because hockey moves like that it's
• 1:14:48
  insanely fast and when you're on the ice you know exactly what's going to happen it's like
• 1:14:54
  there's nothing else except you've just seen that thing a thousand times and you know exactly
• 1:14:59
  what's going to happen every single sequence of events before it happens about five to ten seconds
• 1:15:04
  or thirty seconds before and you have this sense so I know when one guy dumps the puck in I know
• 1:15:13
  I don't even have it in my vision when I can tell you feel it without without looking where every
• 1:15:17
  single person is on the ice behind me and exactly where they're going exactly where they've been
• 1:15:21
  an exact play they're going to do next but when you're playing with the pros everyone has that
• 1:15:27
  exactly right which is eating with all that everyone has it but it's like you have this six
• 1:15:32
  cents this you know you can see into the future in an instant sense a vision so you see you know
• 1:15:37
  I have that with the stock market yeah and I have that but even better than that I have it
• 1:15:43
  I specifically have it you know so you're talking about like situational hockey yeah right they dumped
• 1:15:48
  the you know they dumped the puck they're getting to the crease you know you know the moves
• 1:15:53
  it up okay so I see what's coming with media technology and the stock market I see it you see
• 1:16:07
  a podcast named Joe Rogan who gets a 200 million dollar contract from Spotify and people say to
• 1:16:12
  me how can they pay Joe Rogan 200 million dollars were they crazy and I see what Spotify is going to do
• 1:16:21
  but you also see what Spotify made on their market cap I know well that's secondary yeah I know I
• 1:16:27
  see where this is going yes I see all the offshoots that are coming I get it I see it like I see
• 1:16:36
  the two we sit here it's crystal clear to me and in 2000 in 2000 I saw the same thing and so I
• 1:16:44
  created it I created like almost a thesis and I wrote it and that's called sky cap I'm writing one
• 1:16:50
  now for raw media the same thing I just want you to understand that I'm saying this live hello how
• 1:16:57
  are you to his 700,000 followers and subscribers I see it clear as day and that's why I'm doing raw
• 1:17:05
  media because I don't need this you know what I mean I should just go to the some people just go
• 1:17:09
  buy a boat and go around the world and this and that because this is a legacy thing for me I don't
• 1:17:16
  want the last big chapter in verse written on the story of Ross Mandel to be went to prison made a
• 1:17:22
  lot of noise in the stock market and then they got him because he's a crook I ain't gonna that's not
• 1:17:27
  my legacy that's not that's not the way I'm going out I want something that my family my kids
• 1:17:33
  everybody else can see that my years have been wrongfully prosecuted wrongfully incarcerated
• 1:17:41
  they illegally marshaled the evidence against me I want that record to say this is just an
• 1:17:47
  asterisk in the story of Ross Mandel just like Donald Trump's story is not going to be that he was a
• 1:17:54
  77 year old ex president billionaire who was convicted of 92 counts family counts and then they
• 1:18:01
  took away his business it took away the money from his children all the different things that they
• 1:18:06
  were going to do to him if he didn't win this election Donald Trump is in prison right now just
• 1:18:11
  so you know and you know each you can change the past by doing things today that's what kabbalah
• 1:18:19
  says and I gave someone an example of that recently and to make a long story short so it's 2000 I sketch
• 1:18:27
  out a proposition and people left at me they left at me all the guys that were paying the 70
• 1:18:39
  grand a month that were cheating customers and getting jailed for domestic violence and doing
• 1:18:47
  drugs during the day at the year all the things that are ridiculous they left at me they all
• 1:18:53
  thought you know the market collapsed and watched a 2000 it's coming back soon I ended up buying
• 1:19:01
  their firm for paper I signed them all up none I gave none of them an upfront dollar
• 1:19:09
  I bought the assets of nine different firms in a year for no money paper turns out the paper
• 1:19:19
  had a lot of value because I'm good at this kind of thing I bought a whole bank for 120 million
• 1:19:23
  dollars I only paid it was the bank had a hundred thousand customers with accounts and had done 500
• 1:19:32
  million in turnover the year before I always spent two million cash I bought them for 20 million
• 1:19:40
  shares a stock at six dollars and they got the money they got the whole 122 million because I'm good
• 1:19:46
  at it but so I made this proposition they left I created a document I created a website
• 1:19:58
  I lined up people that I respect like and look at their value I saw pitched it and then a couple
• 1:20:05
  guys put money in then all of a sudden and I was doing this I took a space I didn't want to be
• 1:20:13
  associated with this other firm but when I'm accused of secretly controlling I took a space
• 1:20:18
  down the block 110 Wall Street nice building I took a room about this big a thousand a month
• 1:20:25
  I hired a little Puerto Rican girl that needed a job she never she was no good but Mary I'm sorry
• 1:20:31
  but how are you baby hope you're good she's like a great grandmother and she's like 30
• 1:20:36
  the girls in a family they sexually acted very early apparently or I don't know how they do it but
• 1:20:42
  they have kids you know and she's like this good looking 35 year old girl she's already grandmother
• 1:20:49
  I don't understand the math right math on the right it's so crazy so from that rule that one
• 1:20:54
  thousand that one thousand dollar much sweet next you know the guys across street see I take a whole
• 1:20:59
  floor at one 10 Wall Street and I send dealt two million dollars and buy what are all the best
• 1:21:10
  equipment they have because my network guy for the plan that I the I was very ambitious plan
• 1:21:16
  global trading cross-border etc different currencies all that I needed you know we didn't have
• 1:21:21
  the cloud then everything was the land the local you know everything was yeah your own network
• 1:21:27
  had to be locked out the room was like you know it was like a holy temple yeah it had to be like
• 1:21:33
  60 63 degrees I had a guy 24 seven alarms this this that back and forth so I get this
• 1:21:42
  style equipment delivered a month later 9 11 hits
• 1:21:48
  I'm the only one on Wall Street that has equipment when you think about after everything you've
• 1:21:53
  gone through how do you wake up and still want to build after all the bullshit that you've been through
• 1:22:01
  is it a legacy play is it a peep what drives me I'm going to tell you the truth you know I
• 1:22:06
  could give you some canned bullshit ants but like my people are very nice to me generally I'm
• 1:22:16
  a nice guy first of all you've gotten to know me a little bit we've spent a lot of hours together
• 1:22:20
  I'm respectful I'm kind I can verify you are nice guy I believe in in in elevating people
• 1:22:29
  and saying nice things to people I can make jokes all these different things but consider
• 1:22:35
  a funny guy but I really can't what my family thinks of me I have children I have two daughters
• 1:22:43
  one day they're gonna have children and I worked hard I'm a hard worker like you I'm a hard worker
• 1:22:54
  you know when I put my head down I could look up and the whole day's gone I don't even know what
• 1:22:59
  happened and like I had a whole day before I even came to see you today a whole day then drove
• 1:23:07
  to Miami to make a long story short it's really important to me and if I needed the money right now
• 1:23:16
  I'd work I'd like and I know guys it's so called I can tell anything but I'm 68 years old
• 1:23:25
  I feel like God gave me the strength the moxie and the fortitude to do something with my life
• 1:23:36
  the rest of my life when I was in prison I helped a little help hundreds of people hundreds of
• 1:23:43
  inmates including officers I many officers in the BLP will we'll testify to that
• 1:23:50
  um some of the many of them follow me on social media and and DM me and stuff and it's not
• 1:23:55
  allowed to do that all and all that but they do it and um I feel like God has given me some gifts
• 1:24:04
  and my program when I got clean there's like I told you it's called 12 steps right well the 12
• 1:24:13
  step is to give back if you want to keep what you have you have to give it away it was freely
• 1:24:24
  given to you you have to give it away and it's the old adage like whatever I give I get back
• 1:24:29
  10 fold I could I could testify to that on my light and the lives of my children this is like
• 1:24:35
  a principle in the universe that is hold like gravity for me and um I feel like I can help
• 1:24:42
  I feel like I can help almost everybody I hate to say it like that I don't mean to be I am full
• 1:24:49
  of myself and I'm probably a narcissist and all these I am and it's probably true but at this
• 1:24:53
  point in my life I think I think if I didn't feel that way then what have I real done in my life
• 1:25:03
  and you know the greatest feeling I've had in my life is when I help other people and I see the
• 1:25:11
  light go on in their eyes I've amassed on my program that we do charge for and it's been the greatest
• 1:25:18
  gift to me because I'm not in the in my industry I'm not in the Wall Street I can help anybody
• 1:25:24
  when it comes to the markets and I do I do help people but um helping people men navigate life
• 1:25:31
  business family stress anxiety legal stuff everything and and women too now and it's just one
• 1:25:41
  of the most rewarding things ever my ex-wife was listening in on a couple of these masterminds and
• 1:25:48
  she goes this is your calling you could sit in your apartment here in your 80s and just help people
• 1:25:58
  as long as you could talk and so I feel like I have a higher calling I do all the things that
• 1:26:05
  I've just shared with this very honest from my heart I can't what I can't what my kids think
• 1:26:10
  when I get out of prison my kids wanted very little to do with me so you know I wasn't allowed
• 1:26:16
  to appear in a picture with them putting them in social media forget it dad I would there was
• 1:26:24
  some point when they first started going out meeting me for a family dinner remember they live
• 1:26:29
  without me for 10 years there were little girls 11 and 14 when I went in and they were highly
• 1:26:38
  embarrassed kids are cruel they had to get off social media for a while American greed came out to
• 1:26:43
  this day with you say American read to my wife she gets tear right she's not crying like it's
• 1:26:48
  affected her deeply what did she do wrong and people come at heart because people are cruel
• 1:26:53
  and I want to change the narrative I want to leave a legacy that's positive that's reflective of
• 1:26:59
  to the life I've actually lived not some fucking horse shit I mean if Donald Trump didn't win
• 1:27:05
  this election he would go down as like one of the biggest calendars in history of America instead
• 1:27:09
  he might very well go down as one of the greatest presidents in history of America wild how think
• 1:27:13
  about that that's like my story you know so so but but I'm gonna say like this now because I
• 1:27:22
  want to get very honest with you guys I sort of love this shit I don't feel 68 I'm like
• 1:27:31
  invested now in this podcast business I'm invested in this sort of mentorship and building a
• 1:27:36
  media company fun I could smell you know they sell shock can smell the blood in the water from a
• 1:27:43
  mile away if you're flapping your arms he splashes they can sense the sound from my I feel like
• 1:27:51
  I can see what's coming with raw media from a mile away I see it anything in my life that I've
• 1:27:57
  seen that clearly happens so now I'm sort of like hooked because I will say up into a few months
• 1:28:04
  ago I could have walked away I could have just said fuck it it's not worth it just not worth it
• 1:28:12
  even if I needed money I know how to make get money I don't need to do all this shit to make
• 1:28:16
  when I sit in my from my computer I it's easy for me do this my whole life but I feel like
• 1:28:23
  I can do something really great and you know this you just got clary hockey player from from Toronto
• 1:28:31
  right an executive from Ottawa right you now command the eyeballs of moving a million you
• 1:28:39
  command over a million eyeballs you it's crazy how great is that though yeah that's the miracle
• 1:28:47
  of what we're all doing here today how many people gonna see this in the clips and all these
• 1:28:51
  different things so if you really intent on changing an narrative or doing good what a platform
• 1:29:00
  this is if you really want to help people what a plat god has given us this gift when I was growing
• 1:29:08
  up there was like black and white TV and there was three channels three channels now there's
• 1:29:16
  a thousand channels and nothing interesting to watch you know you've been through the highest
• 1:29:22
  of highs lowest of lows in your life literally literally a lot of guys usually phrases yeah I've
• 1:29:29
  known I've been to the top of the mountain and I've been to the depths of fucking hell I have been
• 1:29:35
  have you what's what's your definition of success and a life well lived after you've been to both
• 1:29:42
  I'm going to tell you so depending who you are and where you are in life your deaf
• 1:29:47
  patient success is going to change and this is a big thing in prison guys talk about this a lot
• 1:29:52
  a lot of prison philosophers you know but there's a lot of the dummies in prison but there's
• 1:29:59
  some really brilliant minds in prison too it's interesting and other points of view
• 1:30:03
  but I have a very specific definition of success today and I'm really I'm by my definition I'm
• 1:30:14
  I'm becoming very successful and that's really what makes me that's what drives me the most right
• 1:30:18
  now but share that with your audience and you after spending you know a lot of time in prison
• 1:30:25
  nothing to do but read and pray and do push-ups and try and better myself that's a lot of time
• 1:30:33
  wasted my definition of success today for Ross Mandel and this is specifically to me
• 1:30:41
  is to have such a life that my adult children want to hang out with me
• 1:30:47
  it's the last time you want to hang out with your parents not talking to you specifically but
• 1:30:55
  until last time you want to hang out with your parents it's not too often generally speaking
• 1:31:02
  we do it as an obligation and it's sad because you can actually count how many times you're
• 1:31:07
  going to spend with your parents for the rest of your life and it's not a lot well it depends so
• 1:31:11
  my definition my kids today want to hang out with me that's gonna ask my daughter called me up
• 1:31:19
  dad Elliott's going to uh you know the soccer game with his friends so I'll be alone you
• 1:31:26
  think he could pick me up we can hang out we go out to lunch maybe go shopping went to purivita
• 1:31:31
  and Fort Lauderdale Sunday little shopping walking around hung out in a apartment we took a nap
• 1:31:38
  we both fell asleep on the couch took little snooze I mean you know I said you know if you're a
• 1:31:44
  a young woman who are you going to feel comfortable taking a nap with besides your boyfriend
• 1:31:48
  not many people like your dad right both we both we ate so much and we we both took us the best
• 1:31:54
  kind of lunch by the way the best well the other daughter is like home I have a daughter is like
• 1:31:58
  dad listen I have a date I'm gonna be in Miami for the weekend could you go feed my cat
• 1:32:04
  and sit with him for like an hour very spoiled cat very spoiled time so I go over there she calls me up
• 1:32:10
  that well I thought you're going to I said he said anywhere between nine and you know nine or ten
• 1:32:15
  so I was gonna go with ten oh okay now when you're there dad can you take some video take some
• 1:32:20
  pictures she's you know hold me get sure I don't know where and I you know come in and run out
• 1:32:25
  but it what a gift that I can do this for my kids and we go out for dinners and you know I told
• 1:32:31
  you I made a deal uh to produce a movie called blind greed starring Michael Kapon who's one of
• 1:32:38
  the original power ranges he's got the blue power magical time force yeah and he was uh in one
• 1:32:45
  tree hill the teen drama the show on TV and he made he's made two movies last year and five movies
• 1:32:53
  since 2020 and I've got a hundred TV commercials he's I'm a real guy and uh he was we had
• 1:32:59
  signed we had made the deal signed the deal but everything was on zoom and uh you know uh online
• 1:33:06
  et cetera on the phone and he was I insisted he come in and meet my family and my close team
• 1:33:14
  because we're all now going to produce this film and we're all part of it and there's this
• 1:33:19
  moving parts and I said to my kids I'd love for you guys to come and they was sight to come to
• 1:33:24
  the dinner we went to president president was shot out north military tree on book return and
• 1:33:29
  that we had an amazing dinner like over 14 people came and left and but it's to me that's what
• 1:33:37
  success is because in order for your children your adult children to want to spend time with you
• 1:33:45
  hey you've got to be pretty cool you got to be doing some pretty cool things because everybody's
• 1:33:51
  you know everybody you know wants to have a good time they don't want to just be up you know
• 1:33:58
  spend that obligatory couple hours with their parents and so to me that's really great and when
• 1:34:05
  my ex-wife wants to do things for me yes she still works with you and hang out with me um I know
• 1:34:14
  I'm winning boy I'm winning because she's a true a true he has to true measure of what is successful
• 1:34:21
  she has her own definition and it's a much more substantial definition now but I like your
• 1:34:27
  definition a lot that's how I feel today when I was your age at a different field you know it was
• 1:34:31
  all different but I'm just letting you know I like that I like that one of one of
• 1:34:36
  your favorite ideas that you have that I think will really hit with people after they know your
• 1:34:41
  story now this is not a dressy rehearsal you don't get them all again there are no doovers this is
• 1:34:47
  your life this is it yeah you know I mean people sitting and let me think about it think about what
• 1:34:55
  you know you know another one to me is become my favorite you know life is not a spectator sport
• 1:35:03
  get off the bench and get in there you're the star of your life you're the star of your life
• 1:35:12
  you know if your life was put on the big screen would you be excited is it meaningful
• 1:35:17
  was it a dud I mean get in there enjoy mix it up do some things take a chance have some fun I mean
• 1:35:24
  we don't get another chance at this you know I play used to play golf with my friends you know
• 1:35:29
  we're hackers you know and you know guy we'll tee off we don't like the shot I'm taking a mulligan
• 1:35:34
  I'm like what's a mulligan I thought it was like an iris stew I said I'm just
• 1:35:41
  waited this what rulebook is this and everybody knows it's a mulligan you know it's like funny
• 1:35:48
  and and that's what that's that's that's life yeah get in there baby you lost nearly a decade
• 1:35:56
  of your life more than that what's that's that's just tough I mean what do you see now
• 1:36:07
  you mentioned your family which you know that's probably going to be part of this answer but
• 1:36:10
  what's the most precious thing and the time that you do have left on this earth you know I like to
• 1:36:16
  be productive yeah there's a difference between actually being productive and feeling productive
• 1:36:24
  if you ever thought about it you'd be able to come up with your own your own concepts of that
• 1:36:29
  but I I like to feel productive not just to be productive because sometimes you just go through
• 1:36:35
  the motions of life of business and you really not feeling productive once you just go into
• 1:36:42
  the motions you're phoning it in it's why like people say like live live truly live life listen
• 1:36:49
  you could do anything why are you driving to Miami to do so you just with Scott Clay why are you
• 1:36:53
  going to drive you driving these 60 years old you're gonna drive to Miami and do this I'll tell you
• 1:36:59
  a good story about this one day I get invited to Matt Cox's podcast I love his podcast me too yeah
• 1:37:06
  he's a good guy so he's in Tampa I'm in Boca it's about a four hour ride this is right after the
• 1:37:14
  heart most recent hurricane my plan was to get up early in the morning and drive from Boca to
• 1:37:21
  Tampa do his podcast maybe an hour maybe 90 minutes whatever everyone's got different
• 1:37:28
  and then I'll drive back
• 1:37:32
  and when I got out of prison I was I had some health issues I had a couple I'd
• 1:37:36
  scare it to I had some things that I'm fine but there was no explanation for what happened but
• 1:37:41
  you know they say you Mr. Randall your speed of days are over you know it's uh you know I
• 1:37:46
  said I'm 16 I'm at 88 but you know shit happens but you know I'm I'm a believer that you know
• 1:37:53
  if you're gonna play in the big leagues if you're a big guy you're gonna play hurt
• 1:37:59
  you don't just sit on the bench you don't just phone it in so I I said I want to do this
• 1:38:05
  and Nelson will say you know stuff is like call Nelson he'll drive you I said I said of course
• 1:38:13
  he would but I want to do this so I don't understand are you crazy you're you're gonna drive across
• 1:38:20
  the state do a park and drive home in one day
• 1:38:28
  really give a great thought but yeah what the hell what the fuck what are waiting what are my
• 1:38:34
  I'm not you know doing construction in the hot sun yeah you're just driving and not laying in the
• 1:38:40
  box right so um little did I know so I got up I drove there it was a good four hours and there
• 1:38:49
  was shit all over the roads when you got towards the west coast of Florida it's bad there's a couple
• 1:38:53
  of detours and I get there and I said right as we're sitting to start I said so like what do you
• 1:39:01
  like to keep it to an hour I was knew it this I had no idea 40 minutes I mean what's the time
• 1:39:09
  when he was he goes bro you fucking Russ Mandela we're gonna be here until you can't find another
• 1:39:16
  word to say we want whatever you gonna talk we're gonna record you're here and oh you guys know
• 1:39:23
  I can probably talk they said we've been here for four hours before five hours and 13 minutes
• 1:39:32
  later you did a five hour podcast with him five hours and 13 minutes I thought I why it wasn't
• 1:39:38
  five hours that he published didn't listen okay 46,000 views five hours and 13 minutes just
• 1:39:45
  recently I I just discovered this yesterday but I see he did it in January he cut out a 20 minute
• 1:39:51
  clip specifically about the stock market and just posted that but it was five hours and 13 minutes
• 1:39:59
  now we spoke for a half hour before and about a half hour after and then I first had a drive
• 1:40:04
  home four hours and it was a great day it was a great day and you know stuff he's like pull
• 1:40:14
  over get a hotel room you know what I mean like people I bet it's funny so I drove you know of
• 1:40:21
  course my counterpart over there he goes to Orlando he takes a hotel you know it's a manicure
• 1:40:27
  a pedicure always yeah you know you're doing your doing your life brother Nelson you know I'm
• 1:40:33
  just saying so I we were eight hours of driving five hours of podcasting an hour half hour half
• 1:40:41
  hours so it's a big day right and I wasn't really feeling great but I did it and you want to know
• 1:40:48
  what was a great day it was a great day and he asked why'd you do that said I wanted to see if I
• 1:40:56
  could I wanted to test myself I've been locked up for 10 years I didn't drive a car for 10 years
• 1:41:02
  you know what I was in a car was when they chain the up and they moved me from place to place
• 1:41:06
  you know what I mean back of the van the leg chains waist chain I don't even believe it so I
• 1:41:12
  said here I could drive and did I get paid for that no did it cost me money to do this it did
• 1:41:20
  two full tanks of gas and I don't know what the hell I but the point I make to you is that
• 1:41:29
  it was a great feeling coming to see you like today this is great it's great I mean your great
• 1:41:36
  guy the great studio you know it's my story I heard your story I feel like you got to know you
• 1:41:43
  and it's it's um but you know we're not doing heavy construction we're not welding you know of
• 1:41:51
  3,000 people of sea level you know we're chatting and it's air condition it's nice bro and so
• 1:42:03
  I think it's really and if if if we if we help one person with one person gets any sort of
• 1:42:09
  help or comfort from this we entertain them we did a good thing if you given a lot to to the
• 1:42:14
  audience and I appreciate you what's one last sort of some words of wisdom that you want to leave
• 1:42:19
  them with there's something that we didn't go into that you think would be helpful for the audience
• 1:42:23
  when they're trying to navigate life business or just outside of business just life in general
• 1:42:29
  you know I'm gonna borrow this from someone that was revealed to be one of the smartest men in
• 1:42:35
  the history of the world and on his deathbed he said and I repeat this to the audience's mind
• 1:42:41
  you know anything that can be solved or cured by I by either time or money
• 1:42:51
  is an issue not a problem it's very important to understand this in the general
• 1:43:00
  routine of life people believe they have these problems they don't have problems most people don't
• 1:43:09
  have problems but they have issues and if you can cure if you can cure a circumstance
• 1:43:20
  with money or with time it's not a problem they have an issue so I did time I literally checked
• 1:43:31
  into a prison in 2014 and I essentially didn't get released to 2024 that wasn't a problem
• 1:43:43
  it was an issue no issues is serious but it was an issue a problem is different you have a
• 1:43:51
  brain tumor you days and numbered that's a problem so these are things that people should really
• 1:44:00
  consider because I believe that with the masters of our own fate largely I feel that God our creator
• 1:44:10
  our maker gives us an opportunity to conquer lives our own lives we can conquer our own lives
• 1:44:18
  I believe everybody has the ability to become very successful whatever their own definition of
• 1:44:24
  success is very important they trying to find success I was on the phone with a beautiful woman
• 1:44:31
  who you met last week and I said what are the five most important things to you in the world
• 1:44:36
  think about it don't answer what are the five most important if I was a genie I'm a laden's genie
• 1:44:44
  rubbed the lamp I come out you don't have anything in the world what are the five things you want
• 1:44:48
  what are the five most important things to you and that's your starting point in life
• 1:44:53
  let's say you triangulate where you are so a lot of people want to be successful they want to be
• 1:44:58
  successful in business they want to be successful in life in relation in podcasts on the stock market
• 1:45:04
  uh in you know basically in any endeavor and I think that everybody would be successful because I
• 1:45:12
  think people just about everybody wants to be successful but nobody understands and there's a million
• 1:45:18
  books there's a million shows there's a million podcasts there's a million theories about
• 1:45:24
  how to be successful in the stock market in relationships I mean they had stories for everything
• 1:45:30
  but people don't know where the starting line is where do I just show me where you know just show
• 1:45:38
  me where I show up where the race starts and I can run the race because I'm on with Google and
• 1:45:43
  books and wisdom and philosophers and mentors people don't understand where they show up where's
• 1:45:49
  the starting line and I think that's one of the most important things and anything that can be solved
• 1:45:56
  with time or money it's just it it's just an issue people don't have problems like they think they
• 1:46:04
  do can't pay the rent my jar I don't have enough to live how am I going to support my children
• 1:46:11
  I mean these are issues don't don't make them more than they are because even when you see a hell
• 1:46:19
  no problem when you see a fucking mountain like a god I can't do it and that's very important to
• 1:46:26
  put things into perspective that's very wise when people see problems when people see issues as
• 1:46:34
  problems that can sabotage their whole life well that's what happened that is sabotage yeah that's
• 1:46:40
  what happens and so that's why I tried to put that into perspective it takes a lot of thinking
• 1:46:46
  and understanding and I don't want to start defining the different specific problems because then
• 1:46:50
  the people that are listening to actually have problems are going to panic did it would tell you
• 1:46:54
  look a little bit like Ben Affleck I have heard that before I'm staring at you and I feel like I'm
• 1:46:58
  looking at Ben Affleck it's not the worst thing listen yeah yeah that's a good thing the good
• 1:47:06
  thing that's definitely not a problem or an issue I'll take that out the more I look at you the
• 1:47:10
  more I see Ben Affleck is that crazy where can people connect with you where can people
• 1:47:16
  find more about raw media about some of the content you're working on all that thank you
• 1:47:20
  Ross Mandel.com is a website Ross's double s Mandel was ma and double l.com just like it sounds
• 1:47:30
  Ross Mandel on Instagram on Facebook I have a friend page and a fan page follow me hit me up
• 1:47:39
  some of your friend requests I'm on YouTube the real Ross Mandel please subscribe info at
• 1:47:46
  Ross Mandel.com my team is 24-7 they'll respond I promise you within a few hours at at worst
• 1:47:55
  with a mentorship program where I mentored people I messed up my program I consult if you have
• 1:48:01
  the business if you have a company if you have an issue or if you have a problem last thing I
• 1:48:07
  always like to ask you even over a lot of wisdom and you mentioned a few times how important
• 1:48:11
  your family your kids are if you had to pick out of all the different things that you've learned
• 1:48:16
  over your life and you could only pass on you're only allowed in this exercise to pass on one
• 1:48:22
  lesson to your kids what would that lesson be in a way? Invest in yourself believe in yourself
• 1:48:29
  don't pay what everybody's selling don't pay the illusion