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Study Hall: How to Get Started in TURO · Earn Your Leisure

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  Speaker 1: An illegal alien from Guatemala charged with raping a child
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  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
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  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
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  Speaker 1: filming and selling child pornography in Michigan. These are just
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  Speaker 1: some of the heinous migrant criminals caught because of President
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  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
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  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
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  Speaker 1: crossings are at the lowest levels ever recorded, and over
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  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
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  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
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  Speaker 2: Sponsored by the United States Department of Homeland Security. Yeah yeah,
• 1:14
  Speaker 2: yeah too. What up?
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  Speaker 3: They want to tap in on this as well? Okay serve.
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  Speaker 4: Just in case you needed a reminder, the recording is
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  Speaker 4: in progress.
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  Speaker 2: Let go tube. What up? Happy Wednesday?
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  Speaker 5: Happy August twenty fifth, twenty twenty one. Lessons and salutations
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  Speaker 5: to all the earnest. Shout out to my brother Shoty,
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  Speaker 5: what up.
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  Speaker 2: They set?
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  Speaker 4: I've been missing in action. Man, it's good to be back.
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  Speaker 3: Yeah.
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  Speaker 6: Yeah, they was. They was concerned.
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  Speaker 4: Yeah, I know, man, they don't really understand how this
• 2:02
  Speaker 4: didn't really work.
• 2:03
  Speaker 2: Though.
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  Speaker 5: There ain't no no breaking up, They ain't no dividing us.
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  Speaker 5: We're brothers and so when one brother needs a little assistance,
• 2:11
  Speaker 5: we need somebody's step.
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  Speaker 2: But that's what we do for each other. Man.
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  Speaker 5: So I just want to take time to acknowledge everybody
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  Speaker 5: for they thoughts in their prayers. I was dealing with
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  Speaker 5: a health issue, but you know I'm climbing back, So
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  Speaker 5: thank you for your prayers. Everybody is good, My family
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  Speaker 5: is good, my brothers are good. Uh, and the team
• 2:30
  Speaker 5: is held at the fourth down. So I just want
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  Speaker 5: to first and foremost to start with that. I appreciate
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  Speaker 5: it greatly. But it's good to be home.
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  Speaker 7: Man.
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  Speaker 5: I missed y'all. I miss y'all. So I said, shy bro,
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  Speaker 5: I'm ready, man. Let's let's get back to this thing
• 2:41
  Speaker 5: that this thing is and uh, we gotta we got
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  Speaker 5: a very special.
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  Speaker 2: One tonight with my brother. You love it when I
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  Speaker 2: call him c to the EO.
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  Speaker 5: Is here.
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  Speaker 4: Always good seeing my brother man shout out to you, sir, y'll.
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  Speaker 8: Yeah, so this is in person, in person experience.
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  Speaker 6: I was in Atlanta and you know, I'm like, I
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  Speaker 6: just realized, like, oh shit, Maddie, want just do this
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  Speaker 6: in person? So yeah, email House Atlanta South Edition. And
• 3:10
  Speaker 6: you know, this episode was so legendary as far as
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  Speaker 6: everybody's always asking questions, like follow up questions to the episode.
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  Speaker 6: So being at the episode was still fresh and people
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  Speaker 6: still had questions, It's like, what better way to have
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  Speaker 6: a follow up and then answer some questions and just
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  Speaker 6: provide value. So that's what we're going to do. So
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  Speaker 6: first for this might be the first uh, this might
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  Speaker 6: be the first one that we've done in person, right.
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  Speaker 9: Joy Yeah, yeah, yeah.
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  Speaker 2: Now thinking about it, Yeah, I do appreciate.
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  Speaker 3: Yeah, we'll be able to start.
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  Speaker 5: I know, I know we did an open enrollment, but uh,
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  Speaker 5: there was a storm and we weren't together. But there's
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  Speaker 5: never been a time when the person was actually in
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  Speaker 5: the same space.
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  Speaker 4: So what a what a town?
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  Speaker 2: What a town?
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  Speaker 3: What a time?
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  Speaker 8: What a time? So Troy you want me to set
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  Speaker 8: this off or you.
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  Speaker 5: Wanna uh yeah, So, I mean I gave him the
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  Speaker 5: host privileges even do that.
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  Speaker 6: Before we've been through that, I wanted to want some announcement.
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  Speaker 6: So yeah, So in Best Fest is fastly approaching. It
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  Speaker 6: is this weekend in Atlanta, Georgia, which is why I'm
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  Speaker 6: down here right now. So if you're not familiar, we
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  Speaker 6: are going to have the biggest financial literacy business festival
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  Speaker 6: ever created and it's gonna be a vive Friday, Saturday, Sunday.
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  Speaker 6: So added to and let's invest Fest line up none
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  Speaker 6: other than Maddie Jah.
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  Speaker 3: I got the call, man, let's do it.
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  Speaker 2: Yeah.
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  Speaker 8: Yeah, So we're gonna do a panel on Toro and Airbnb.
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  Speaker 6: We're gonna have Maddie, We're gonna have Alexia, we're gonna
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  Speaker 6: have Zoe, and we're gonna.
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  Speaker 8: Have push Man mitched. So that's a lot.
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  Speaker 4: That's a lot, you know, that's a that's a whole
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  Speaker 4: lot of sauce.
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  Speaker 2: Yeah yeah, I don't.
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  Speaker 5: We can't just like breeze over them names like Maddie
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  Speaker 5: is a legend, Alexia you already know.
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  Speaker 2: Yeah.
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  Speaker 5: Ago, we introduced the world to the Airbnb game through her,
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  Speaker 5: she's a legend.
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  Speaker 2: Minch is gonna go crazy.
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  Speaker 5: And Zo Man shout out to Zo Man.
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  Speaker 4: He was even a silent killer that he holding it
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  Speaker 4: down in the a.
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  Speaker 5: Everybody watching them right around these lambs, they're like, what's
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  Speaker 5: going on? So we're gonna, we're gonna, we're gonna get
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  Speaker 5: into some things. We're gonna get into some things this weekend, y'all.
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  Speaker 6: Yeah, yeah, yeah, So that's something that we're extremely excited about.
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  Speaker 6: So if you're interested, go to invest fest dot com.
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  Speaker 6: It's about twelve hours left to snatch some tickets.
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  Speaker 3: Get that name.
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  Speaker 8: I thought about it.
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  Speaker 2: Bro, Yeah yeah, we yeah, yeah, it's crazy.
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  Speaker 5: We we had a bucket of names and uh yeah,
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  Speaker 5: Shoty wont the bucket this time?
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  Speaker 2: Yeah yeah, oh yeah.
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  Speaker 6: Make sure you check that out invest fast and then
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  Speaker 6: also before we start, So if anybody's not familiar, what
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  Speaker 6: this is is what we call open enrollment. So Eyo
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  Speaker 6: University the biggest educational platform out there.
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  Speaker 3: Man.
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  Speaker 6: We have over ten thousand students and what we do
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  Speaker 6: is we bring professors in every single week to teach
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  Speaker 6: a class, and the classes on Wednesday at eight o'clock
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  Speaker 6: and it goes everything from real estate to crypto to
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  Speaker 6: know the banking industry. You know, anything that you found
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  Speaker 6: on early Legia. It's a more in depth version of
• 6:28
  Speaker 6: that where you get to actually ask questions. You know,
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  Speaker 6: it's an interaction. They give like lessons with like presentations.
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  Speaker 6: It's a whole school type of vibe. And then the
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  Speaker 6: last Wednesday of every single month, we open it up
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  Speaker 6: for the public to see.
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  Speaker 8: So this is what we call open enrollment.
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  Speaker 6: We put it on YouTube and this is like a
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  Speaker 6: peak inside the house of Eyo University. So with Eyo University,
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  Speaker 6: I only do you get that, but you get all
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  Speaker 6: of the back archives classes which is over one hundred.
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  Speaker 6: You get monthly financial planning calls with me. Everybody always
• 6:59
  Speaker 6: actually on my calendar for financial planning. But this is
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  Speaker 6: only really the only platform that I actually speak about my
• 7:04
  Speaker 6: financial planning side and just answer questions for two hours straight.
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  Speaker 6: MG the Mortgage Guy does bi weekly real estate calls.
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  Speaker 6: Troy heads up our movie and book club. We have
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  Speaker 6: a Facebook group with over eighty alblembers in the Facebook group.
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  Speaker 8: And we have twenty Infinity groups. Shout out to all
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  Speaker 8: of the Infinity groups.
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  Speaker 6: I don't even want to say all of them because
• 7:22
  Speaker 6: I don't want to forget any but of course the
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  Speaker 6: Crypto Club, the dot Club, the real estate Club, earn
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  Speaker 6: is over fifty, the Military Club.
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  Speaker 8: There's so many different clubs.
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  Speaker 6: So yes, if you're interested, go to eyl University dot
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  Speaker 6: com sign up. I'll pin the link. But yeah, right
• 7:43
  Speaker 6: now we're going to get into it. I'm sure a
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  Speaker 6: lot of people have watched that Toro episode and then
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  Speaker 6: wills are spinning because.
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  Speaker 8: I need some money.
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  Speaker 6: Maybe this is a good you know what I'm saying,
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  Speaker 6: a good side hustle for me to actually start earning
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  Speaker 6: some money. So we brought madd each a back and
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  Speaker 6: he has a special hat would so you know you
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  Speaker 6: already noticed about man. So Maddie, how you want you
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  Speaker 6: want to just go into the presentation we can. Let's
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  Speaker 6: let's get into.
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  Speaker 3: It for sure.
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  Speaker 2: Yeah, it's on you, my guy.
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  Speaker 7: I'm gonna give all things and phanks to God l
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  Speaker 7: Head for allowing us to tap in. I know a
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  Speaker 7: lot of us will get into the podcast and YouTube
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  Speaker 7: channels to learn.
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  Speaker 3: But when you drop the l you can earn. So
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  Speaker 3: let's go ahead and get straight into it.
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  Speaker 7: I'm gonna go ahead and share my screen everybody, So
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  Speaker 7: everybody can see it and follow because again I can
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  Speaker 7: show you better I can tell you, we can make
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  Speaker 7: sure everybody can see it.
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  Speaker 10: Though. There we go.
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  Speaker 7: So we're just gonna start from the top. A lot
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  Speaker 7: of the questions that a lot of individuals have since
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  Speaker 7: you in the Cardinals space. What I realized before we
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  Speaker 7: get into it, understand the mindset that a lot of
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  Speaker 7: times we asked the right questions, but we end up
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  Speaker 7: asking the right question in the wrong order. So the
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  Speaker 7: purpose of having somebody who has experience is to help
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  Speaker 7: us learn the process in the right order so we
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  Speaker 7: can be able to execute and activate our knowledge with
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  Speaker 7: efficiency and effectiveness. So how to get started? So we're
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  Speaker 7: gonna go into these slides one by one. Hopefully everybody
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  Speaker 7: can see it, follow me, and if possible, we'll make
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  Speaker 7: sure this presentation is available for anybody who requests that
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  Speaker 7: later on. All right, So slide number one, all right?
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  Speaker 7: Of course, obviously, if you don't know who I am,
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  Speaker 7: I'm a business coach, personal development coach, and I've been
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  Speaker 7: able to tap into the car industry since two thousand
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  Speaker 7: and seventeen accolades. I started from one car to fifty
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  Speaker 7: five cars. I went from having a nine hundred dollars
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  Speaker 7: car note to be able to generating two point nine
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  Speaker 7: million dollars gross in the car rental industry, and I
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  Speaker 7: could drive any car one for free. But the question
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  Speaker 7: is hopping you through it too? Tap it into the
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  Speaker 7: car rental space, the car sharing economy space. So the
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  Speaker 7: first thing before we get into the nitty gritty, the
• 10:02
  Speaker 7: first thing that a lot of people pass that I
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  Speaker 7: realize or don't think to think about, is the intentions
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  Speaker 7: anybody who wants to get in the car renal space.
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  Speaker 3: We have to know why, why are we here? What's
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  Speaker 3: our purpose?
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  Speaker 7: A lot of people understand and get seduced by the
• 10:19
  Speaker 7: income flow, the income opportunities, But there's more to it.
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  Speaker 7: The question is what is more to it? What other
• 10:26
  Speaker 7: opportunities exist heady, one by one. A couple opportunities in
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  Speaker 7: the cardinal space is to obviously earn cashlow to do
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  Speaker 7: what pay our bills to feminists necessities, But is that
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  Speaker 7: all No, we can be in this car renal space
• 10:40
  Speaker 7: to earn cash flow to fund other businesses.
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  Speaker 3: This can be a side play, side hustle play.
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  Speaker 7: Use the income the three hundred dollars, four hundred dollars,
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  Speaker 7: three thousand dollars to then fund what your actual passion is.
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  Speaker 7: Because if you don't have a passion for cars or
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  Speaker 7: hospitality space, but you want to still utilize this industry
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  Speaker 7: and turn these live abilities on wills to assets making deals.
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  Speaker 3: This is a good business model will be able to
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  Speaker 3: tap into. It's kind of like the real estate.
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  Speaker 7: Another reason why people get in this business in industry
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  Speaker 7: carnal Space is to help other people earn income for
• 11:11
  Speaker 7: their business. This business allows you also to partner up
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  Speaker 7: with other individuals so you can be able to hire
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  Speaker 7: them give them an opportunity to generate income too. Right,
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  Speaker 7: when we start businesses, we want other honorable reasons to
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  Speaker 7: be in the business other than I want to make
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  Speaker 7: some money.
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  Speaker 3: Right, we want to.
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  Speaker 7: Be able to facilitate, learn, grow and help other people
• 11:32
  Speaker 7: and create impact and the income. There's some the other
• 11:35
  Speaker 7: pieces in our community and carnal Space. People even shared
• 11:40
  Speaker 7: this reason. One of my favorites to the opportunity to
• 11:43
  Speaker 7: bond with their family. Somebody got in the Carnal Space,
• 11:47
  Speaker 7: the Touro space so they can have an opportunity to
• 11:50
  Speaker 7: bond with their son, bond with because this is a
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  Speaker 7: business that you could be able to do low barrier
• 11:55
  Speaker 7: of injury that you can do at home, and your
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  Speaker 7: family members can be a part of the process, cleaning
• 11:59
  Speaker 7: the car, doing the check ins and checkouts, doing accounting,
• 12:02
  Speaker 7: things of that nature. You don't have to be a
• 12:05
  Speaker 7: super business mobile now. This is a low bearer entry.
• 12:09
  Speaker 7: Another reason why somebody will get into the space to
• 12:12
  Speaker 7: experience a different line of work. Sometimes the businesses that
• 12:14
  Speaker 7: we're in as entrepreneurs, we get tired of it. But
• 12:17
  Speaker 7: this is now a new business or fresh business. To
• 12:19
  Speaker 7: be able to get new skills, hard skills, soft skills,
• 12:23
  Speaker 7: and move forward. Another reason why somebody will get into
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  Speaker 7: this business. This is interesting to transition out of illegal activity.
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  Speaker 7: So many people who are trapping out of these streets say, Yo,
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  Speaker 7: I got all this bread, but I want to be
• 12:36
  Speaker 7: able to tap into something obviously more legal, so I
• 12:39
  Speaker 7: don't have to be ducking and diving. Weren't about what's
• 12:42
  Speaker 7: going who's going to hurt me, weren't about the feds,
• 12:45
  Speaker 7: worry about anything. Right, this is a dope business to
• 12:48
  Speaker 7: be able to transition to because again it's a low
• 12:51
  Speaker 7: barer entry. If you know how to get a vehicle,
• 12:53
  Speaker 7: you know how to get access to the car and
• 12:55
  Speaker 7: you follow on your leisure podcast, you get around the
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  Speaker 7: right piece where you can understand the process on how
• 13:02
  Speaker 7: to activate.
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  Speaker 3: These different businesses, specifically the carnal space.
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  Speaker 7: Another reason why somebody will get into space, obviously is
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  Speaker 7: to have ownership in the business.
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  Speaker 3: Right, if you have ownership in the business, what can
• 13:13
  Speaker 3: we then do?
• 13:13
  Speaker 7: We can then pass it down to our family pass
• 13:16
  Speaker 7: that that's not we can't just pass down a car
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  Speaker 7: because obviously that car is going to have an expiration
• 13:20
  Speaker 7: day on its accessibility.
• 13:24
  Speaker 3: What we are passing down is the knowledge of how
• 13:26
  Speaker 3: we're running.
• 13:26
  Speaker 7: This business, the knowledge of turning these liabilities into ascess,
• 13:31
  Speaker 7: the knowledge of how to be able to make income
• 13:34
  Speaker 7: on the side, very important reason why somebody might introduce
• 13:37
  Speaker 7: themselves to this business and actually activate it. All right,
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  Speaker 7: So those are all some of the intentions. There's a
• 13:42
  Speaker 7: long list. Transitioning from of course, we talk about from
• 13:46
  Speaker 7: out of legal activity, create more time to do non
• 13:49
  Speaker 7: business activity. I'm going to talk about a little bit
• 13:51
  Speaker 7: because a lot of people when they hear two ro
• 13:52
  Speaker 7: of the Cardinals, they think it's just passive income. Any
• 13:56
  Speaker 7: business starts off what getting active first. So if we
• 14:01
  Speaker 7: want to get passive, we have to first get active,
• 14:03
  Speaker 7: and it's in the car renal space. It's not limited
• 14:06
  Speaker 7: to that. It's not an exception of that. So of course,
• 14:08
  Speaker 7: with the right systems in place, the right people, the
• 14:11
  Speaker 7: right knowledge, the right resources, we can turn this active
• 14:14
  Speaker 7: business into a passive business again with the right systems
• 14:17
  Speaker 7: and people.
• 14:18
  Speaker 3: Next, it increases your independence and this is one of
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  Speaker 3: my favorites as well.
• 14:24
  Speaker 7: When you get into the Carlos space, especially Terro, you
• 14:27
  Speaker 7: get to be a part of a trendy business. Right,
• 14:30
  Speaker 7: everybody's going to be talking about car runals, just like
• 14:32
  Speaker 7: they talk about real estate. You want to be a
• 14:35
  Speaker 7: part of that con conversation in some way, some shape,
• 14:38
  Speaker 7: some form, right, so you can be able to add
• 14:40
  Speaker 7: values to the conversation. Whether it's the knowledge, whether it's
• 14:43
  Speaker 7: the experience, whether it no matter what it is, you
• 14:45
  Speaker 7: want to be able to be a part of that conversation.
• 14:47
  Speaker 7: And what happens is when you're part of that conversation,
• 14:50
  Speaker 7: you can give value. But what happens when you give
• 14:51
  Speaker 7: value you can receive it as well. So these are
• 14:54
  Speaker 7: different reasons why somebody should or could get in this
• 14:57
  Speaker 7: car rental industry. It's not just I just want to
• 14:59
  Speaker 7: make some breath. I just want to make some money.
• 15:01
  Speaker 7: I just want to earn.
• 15:02
  Speaker 3: We also want to learn.
• 15:03
  Speaker 7: We also want to be able to create the impact
• 15:06
  Speaker 7: that allows us to do what take our brands, our
• 15:08
  Speaker 7: businesses to the.
• 15:09
  Speaker 3: Next level, and other reasons.
• 15:11
  Speaker 7: Of course, one of my favorites as well, you get
• 15:13
  Speaker 7: to drive your vehicles for free. Think about it, imagine
• 15:16
  Speaker 7: your dream car. We're thought we've taught that you need
• 15:19
  Speaker 7: to make millions and other businesses to be able to
• 15:21
  Speaker 7: be able to afford these cars. We're taught that we
• 15:24
  Speaker 7: have to work hard and these other opportunities to be
• 15:26
  Speaker 7: able for these cars. Now we can be able to
• 15:29
  Speaker 7: get access to these cars for free by renting it
• 15:32
  Speaker 7: out to somebody else, friends, family, athletes, associates, and the
• 15:36
  Speaker 7: Touro platform, for example, is a platform that allows us
• 15:38
  Speaker 7: to be connected with other individuals who are looking for
• 15:42
  Speaker 7: a time out with your vehicle. I eed a Lamboat
• 15:45
  Speaker 7: ers my car. Note on the Lamboa thirty five hundred
• 15:48
  Speaker 7: dollars a month. I rented out three days of the
• 15:51
  Speaker 7: month for a fourteen hundred and seventy hundred dollars a month.
• 15:53
  Speaker 7: I don't pay for it, the business does. So those
• 15:56
  Speaker 7: are different reasons why somebody would want to tap in.
• 15:58
  Speaker 7: We're going to go on to the next line. Learning
• 16:01
  Speaker 7: the process of a new business, an opportunity to network
• 16:04
  Speaker 7: and meet influential people.
• 16:06
  Speaker 3: I've been able to.
• 16:07
  Speaker 7: Be connected with all types of celebrities, Drake twenty one,
• 16:10
  Speaker 7: Savage Wildlan, Brian Michael Cox, all these different celebrities who
• 16:15
  Speaker 7: didn't know who I was because I was running out vehicles. Right,
• 16:19
  Speaker 7: So this is a tool, an asset that we can
• 16:21
  Speaker 7: leverage to do what build relationships. What happens when we
• 16:24
  Speaker 7: build relationships, we can win championships and take those championships
• 16:28
  Speaker 7: and create all these different opportunities in business and personal development.
• 16:32
  Speaker 7: All right, again, network build character is a key piece.
• 16:37
  Speaker 7: I'm gonna tell you first sin in the car renal space,
• 16:39
  Speaker 7: I was able to learn personal development on a whole
• 16:42
  Speaker 7: nother level. If you lack patients, we should get into
• 16:45
  Speaker 7: businesses that help what mature our patients.
• 16:48
  Speaker 3: We should get in.
• 16:49
  Speaker 7: Businesses that help us with accountability negotiations. Some of these skills,
• 16:54
  Speaker 7: soft skills and hard schools can actually be learned and
• 16:56
  Speaker 7: talk through the businesses that we are partaking in. But
• 17:00
  Speaker 7: if we don't have the consciousness of saying, Yo, this
• 17:02
  Speaker 7: is the reason why I'm going a business. We might
• 17:03
  Speaker 7: miss out on that blessing. Trust me when I say
• 17:06
  Speaker 7: I've developed hard and soft skills on a whole other
• 17:08
  Speaker 7: level patience, stress, tolerance.
• 17:11
  Speaker 3: I can make a whole list of things that I've
• 17:13
  Speaker 3: learned while being this business.
• 17:15
  Speaker 7: So now that you know that there's multiple intentions or
• 17:18
  Speaker 7: reasons why you should be in this business, now we
• 17:21
  Speaker 7: can be a little bit more what intentional. Now we
• 17:23
  Speaker 7: can be more purposeful on how we move and operate
• 17:26
  Speaker 7: moving forward, because if we don't know why we're here,
• 17:29
  Speaker 7: what do we end up doing? We end up wandering
• 17:31
  Speaker 7: this earth, wanderings aimlessly like a zombie with no purpose,
• 17:35
  Speaker 7: no direction.
• 17:36
  Speaker 3: We need the.
• 17:36
  Speaker 7: Mission and with the mission we can then create goals
• 17:39
  Speaker 7: that allow us to get there.
• 17:40
  Speaker 3: All right, So that's the aspect, So let's go and
• 17:42
  Speaker 3: move on to the other.
• 17:44
  Speaker 7: Pieces of this business of turo or carnal space in general,
• 17:50
  Speaker 7: choosing your operational model. A lot of people think that
• 17:54
  Speaker 7: there's only one way to operate in this business. We
• 17:57
  Speaker 7: have to understand that it's multiple entry points to start
• 18:00
  Speaker 7: a business. There's not just one door we can enter
• 18:03
  Speaker 7: through the back where can get dropped down in that mug.
• 18:06
  Speaker 7: Where can dig a hole come from the bottom. There's
• 18:08
  Speaker 7: multiple ways, So what are the different ways to be
• 18:11
  Speaker 7: able to tap in to start operating this business.
• 18:13
  Speaker 3: One way is the owner.
• 18:14
  Speaker 7: You can start this business as a owner operator, meaning
• 18:18
  Speaker 7: you acquire a vehicle for yourself, whether you finance or
• 18:22
  Speaker 7: cast the car, and then you start running it out
• 18:24
  Speaker 7: to people who are willing to pay for it.
• 18:25
  Speaker 3: That's one.
• 18:26
  Speaker 7: Another option is to get in this business in this
• 18:29
  Speaker 7: industry market with a JV deal joint venture right. A
• 18:34
  Speaker 7: lot of people when they hear how dope this cargo
• 18:36
  Speaker 7: space is, naturally we're gonna tell ourselves and create excuses
• 18:40
  Speaker 7: for why we can't do it. I don't have the cash,
• 18:43
  Speaker 7: I don't have the credit, I don't have a car,
• 18:45
  Speaker 7: I don't have the experience. I've heard the horror stories.
• 18:48
  Speaker 7: I don't know nothing about insurance. All those reasons are justifiable. However,
• 18:52
  Speaker 7: there's answers for every one of them, and if you
• 18:54
  Speaker 7: go to trusted resources, we can understand how to prevent
• 18:58
  Speaker 7: those situations bad situations from happening on how to maneuver
• 19:01
  Speaker 7: one Way's joint venture right. Joint venture is you partnering
• 19:04
  Speaker 7: up with somebody who has the experience. If you don't
• 19:06
  Speaker 7: have the experience. Joint venture is you partner up with
• 19:08
  Speaker 7: somebody who has the cash. If you don't have the cash.
• 19:11
  Speaker 7: Joint venture is you partner up with somebody who has
• 19:13
  Speaker 7: the credit if you don't have the credit. You'll be
• 19:15
  Speaker 7: surprised how many people are walking the streets in your
• 19:18
  Speaker 7: inner circles with seven hundred credit scores who are able
• 19:22
  Speaker 7: to get a vehicle at a car lot tomorrow, today, even,
• 19:26
  Speaker 7: And then you help them with that process of getting
• 19:28
  Speaker 7: your vehicle. You teach them the game, You teach them
• 19:31
  Speaker 7: the sauce, you teach them the opportunity, and say, Yo,
• 19:34
  Speaker 7: you got a nice credit score.
• 19:36
  Speaker 3: Let's leverage your credit to get a vehicle.
• 19:37
  Speaker 7: So we can partner up and cash the make some
• 19:39
  Speaker 7: cash fall, so we can partner up and hire our
• 19:42
  Speaker 7: kids to work with.
• 19:43
  Speaker 3: Us, so we can partner up, so we can learn
• 19:45
  Speaker 3: new skills and trades. All those intentions we talk about,
• 19:48
  Speaker 3: we can tap back into them. Right.
• 19:50
  Speaker 7: You can have multiple intentions of why you do something,
• 19:52
  Speaker 7: But let's make sure we understand what our personal intentions
• 19:55
  Speaker 7: are and prioritize them and understand that we can partner
• 19:57
  Speaker 7: up partnerships. When championships the focus is on the word ship.
• 20:02
  Speaker 7: Ships take us places. Another reason. Another area of operating
• 20:06
  Speaker 7: in this business is a broker. There's brokers is aka
• 20:10
  Speaker 7: the middle man. We don't always have to be the plug.
• 20:12
  Speaker 7: We can be the extension for As a broker, our
• 20:15
  Speaker 7: job is to connect somebody who wants to vieoble with
• 20:17
  Speaker 7: somebody who has a view. There's so many people who
• 20:20
  Speaker 7: make millions of dollars just be the middleman. I believe
• 20:23
  Speaker 7: it's the best model ever because it's scalable. All you're
• 20:27
  Speaker 7: doing is pointed figures, pointing people the right direction and
• 20:30
  Speaker 7: receiving love from both sides. Are taking care of it right.
• 20:32
  Speaker 7: But it does require certain skills. Does require relationship managements,
• 20:36
  Speaker 7: managing skills. It does require communication skills. It does require
• 20:40
  Speaker 7: care of responsibility of two parties, making sure they need
• 20:44
  Speaker 7: come together, they're compatible, and they they work. That's a
• 20:47
  Speaker 7: model that you might be able to consider. Again, you
• 20:49
  Speaker 7: don't have to get a car for yourself. Again, you
• 20:52
  Speaker 7: don't have to do it by yourself. You can also
• 20:54
  Speaker 7: be broker next co sharing some individuals on this call
• 20:59
  Speaker 7: right now, on this on this opportunity right now, we're
• 21:02
  Speaker 7: tapping in understand that they have a vehicle right now
• 21:05
  Speaker 7: on their driveway.
• 21:06
  Speaker 3: You have a business in.
• 21:07
  Speaker 7: Your driveway, right at this very moment. Right But you say, well,
• 21:11
  Speaker 7: I don't want to get another car, but here here's
• 21:13
  Speaker 7: the thing. You can share the car that you currently have.
• 21:16
  Speaker 7: Of course, that will require you to not have a
• 21:18
  Speaker 7: personal attachment. But like we said on the interview, Shoty
• 21:21
  Speaker 7: actually brought this up. I didn't even think about this.
• 21:23
  Speaker 7: Like I said, you can rent out your car when
• 21:26
  Speaker 7: you're at work, right. Troy mentioned as well, when you're
• 21:28
  Speaker 7: not at work. So you have an eight hour shit
• 21:31
  Speaker 7: right at eight hour chef. You're at work, and guess
• 21:33
  Speaker 7: what your car is doing chilling?
• 21:35
  Speaker 3: Right.
• 21:36
  Speaker 7: When you rent these cars out, it doesn't have to
• 21:38
  Speaker 7: be an all day, full time business. It can be
• 21:41
  Speaker 7: according to your schedule, your situation, your circumstance, your scenario.
• 21:46
  Speaker 7: You can say, yo, I only want to rent out
• 21:47
  Speaker 7: my cars on Fridays. I only want to run out
• 21:50
  Speaker 7: my cars on Saturdays from the hours of six to ten.
• 21:54
  Speaker 7: You have the decision, you have the control, and that's
• 21:57
  Speaker 7: the coach sharing value. You're sharing your vehicle with others
• 22:00
  Speaker 7: and you're on vacation, while you're at work on weekends, holidays.
• 22:04
  Speaker 3: You're running the play with no delay.
• 22:06
  Speaker 7: Next reason, another opportunity is the operational model is an
• 22:09
  Speaker 7: employer model.
• 22:11
  Speaker 3: An employer model is you.
• 22:12
  Speaker 7: Getting your vehicle specifically to allow an individual to make
• 22:17
  Speaker 7: money utilizing the vehicle. I have a cousin who does
• 22:21
  Speaker 7: ride share, or I have a cousin who does overeats
• 22:24
  Speaker 7: food delivery.
• 22:25
  Speaker 3: He lost his car and doesn't have a car. And
• 22:28
  Speaker 3: if he doesn't have a car, can he make his
• 22:29
  Speaker 3: income to that Gigaclly no.
• 22:31
  Speaker 7: You can be the one to present the opportunity to say, hey,
• 22:34
  Speaker 7: I'll get the car for you and I'll rent it
• 22:36
  Speaker 7: out to you for fifty dollars undred dollars a week,
• 22:39
  Speaker 7: whatever fair price, what price makes sense, And you can
• 22:42
  Speaker 7: be the one facilitating that they now have a vehicle
• 22:44
  Speaker 7: that they can earn income from, and you have a
• 22:47
  Speaker 7: vehicle that you're also earning income from cash flowing from.
• 22:50
  Speaker 7: And that business model is amazing because if they don't
• 22:53
  Speaker 7: use your vehicle, they can't make money. So those opportunities
• 22:56
  Speaker 7: usually become long term, long term opportunities for everybody to
• 23:00
  Speaker 7: eat and everybody to win. So those are the five
• 23:04
  Speaker 7: operational models to consider. There's multiple but just realize there's
• 23:08
  Speaker 7: not just one entry point. There's different ways, there's different positions,
• 23:11
  Speaker 7: there's different roles to play as a playmaker in this industry,
• 23:14
  Speaker 7: all right. So as a partnership, you need to identify
• 23:18
  Speaker 7: whether you're the visionary, the investor, or the integrator.
• 23:22
  Speaker 3: Right.
• 23:22
  Speaker 7: Some people listen to this opportunity right now, say yo,
• 23:25
  Speaker 7: I really want to get in this industry, but I
• 23:26
  Speaker 7: just don't have the time to manage these carts.
• 23:29
  Speaker 10: Right.
• 23:29
  Speaker 3: You're the visionary.
• 23:30
  Speaker 7: You have the ideas, you understand it, you believe in it,
• 23:33
  Speaker 7: but you don't have the time. That means we need
• 23:36
  Speaker 7: to partner up with somebody who can integrate your ideas.
• 23:39
  Speaker 7: Visionaries usually should have an integrated with them. And of
• 23:42
  Speaker 7: course resources, you need some type of an investor to
• 23:46
  Speaker 7: fund the resources, whether it's money, whether it's the vehicle,
• 23:49
  Speaker 7: whatever investor that's necessary. Those are usually three type of
• 23:52
  Speaker 7: roles when it comes to partnership, especially in the cardinal industry.
• 23:55
  Speaker 10: All right.
• 23:56
  Speaker 3: So that's that aspect. Next exit strategy.
• 23:59
  Speaker 7: Most people start a business with no idea how they
• 24:03
  Speaker 7: can transition out or exit it.
• 24:06
  Speaker 2: Right.
• 24:06
  Speaker 7: This is a basic business principle. Right, there's different ways
• 24:09
  Speaker 7: to exit. You can merge your business with somebody else.
• 24:12
  Speaker 7: You can sell it to a friend, you can just
• 24:13
  Speaker 7: liquidate it, you can make it.
• 24:15
  Speaker 3: There's so many different options.
• 24:17
  Speaker 7: But I think it's very important for you to understand
• 24:19
  Speaker 7: how you want to exit in the beginning. What's your interstrategy.
• 24:21
  Speaker 7: Some individuals build businesses just to sell it. Some people
• 24:25
  Speaker 7: build businesses just to prove that this business is successful.
• 24:29
  Speaker 7: Create a case study, sell it, and make money teaching
• 24:31
  Speaker 7: the case study. Right, there's so many plays that you
• 24:34
  Speaker 7: can run with this. When it comes to extrastrating, a
• 24:36
  Speaker 7: lot of people ask you, what do I do with
• 24:37
  Speaker 7: my cars? After I run it up to ninety thousand miles,
• 24:40
  Speaker 7: after I run it to two hundred thousand miles?
• 24:42
  Speaker 3: What do I do with the cars? You need an exit.
• 24:44
  Speaker 7: Strategy on what to do with these cars so you
• 24:46
  Speaker 7: can be able to cycle out cycling, cycle out cycling.
• 24:50
  Speaker 3: So we can get in those details at a later time.
• 24:52
  Speaker 7: But understanding that you need an extra strategy superport and
• 24:55
  Speaker 7: the main thing for this thirty minute call that we
• 24:57
  Speaker 7: have is mainly framework. We can't get surgical with the
• 25:00
  Speaker 7: information today at this very moment, but we can have
• 25:03
  Speaker 7: an understanding of the mindset, we can have an understanding
• 25:06
  Speaker 7: the framework, we can understand the skeleton, and as time
• 25:09
  Speaker 7: goes on, we could add to skin and bones to
• 25:12
  Speaker 7: we can add the skin to the bones. All right,
• 25:14
  Speaker 7: different rental opportunities. This is very, very important. Nobody's really
• 25:17
  Speaker 7: talking about this right. When you think about renders, you
• 25:19
  Speaker 7: think about two categories. Typically you think about luxury cars
• 25:23
  Speaker 7: and economy cars.
• 25:24
  Speaker 3: But that's not it.
• 25:25
  Speaker 7: There's supercars, there's exotics, there's luxury, there's sport, there's economy sport.
• 25:31
  Speaker 7: You can choose to say, yo, I only want to
• 25:33
  Speaker 7: rent Mustangs out and Challenges and Chargers and Corvettes and
• 25:37
  Speaker 7: Camaro because that's my lane. You can say, yo, I'm
• 25:40
  Speaker 7: just dealing with luxury cars or entry level cars.
• 25:43
  Speaker 3: Of course there's levels is You can say I'm just
• 25:45
  Speaker 3: doing exiety.
• 25:46
  Speaker 7: You can say here's the next thing I'm gonna show you,
• 25:48
  Speaker 7: because I'm gonna show you on the slide.
• 25:49
  Speaker 3: You can say I want to do minivans.
• 25:51
  Speaker 7: There's a market, huge market to make just as much
• 25:55
  Speaker 7: income as the exotic running car company renting out mini vans.
• 25:59
  Speaker 7: There's commercial cars. Do you think about the box trucks,
• 26:03
  Speaker 7: the regular trucks. People need to haul things, people need
• 26:06
  Speaker 7: to store things, people need to take, transfer.
• 26:10
  Speaker 3: And transport things.
• 26:13
  Speaker 7: Right, that's you can get in the commercial space and
• 26:15
  Speaker 7: rank box trucks out to individuals. And there's platforms for it.
• 26:18
  Speaker 7: We don't just talk about too. We talk about all
• 26:20
  Speaker 7: the platforms get around the hire car, outdoors.
• 26:24
  Speaker 3: Ze, fetch truck. There's so many platforms.
• 26:27
  Speaker 7: And again we also as a community, we don't just
• 26:29
  Speaker 7: rely on other marketplaces. We also run our businesses and
• 26:33
  Speaker 7: create our own marketplaces. We go out there and hustle,
• 26:36
  Speaker 7: We all out there and market on social Udnia. We
• 26:38
  Speaker 7: don't go out there and run as we go all
• 26:39
  Speaker 7: past our business cards so people know that we hear
• 26:42
  Speaker 7: all right, motor homes big play. Nobody's thinking about the
• 26:46
  Speaker 7: motor homes. And there's actually a specific platform for motor homes.
• 26:49
  Speaker 7: It's called outdoor z underutilized. It's one of those platforms
• 26:53
  Speaker 7: that a lot of people who are on it, they're
• 26:56
  Speaker 7: killing the game and they're hoping that nobody else finds
• 26:58
  Speaker 7: out about it.
• 26:59
  Speaker 3: Right, But we're here to share the game. We don't
• 27:02
  Speaker 3: hold the game. We share.
• 27:03
  Speaker 7: Next, off roading bikes, there's a lot of individuals who
• 27:05
  Speaker 7: have ATVs, but a lot of times you're not riding
• 27:08
  Speaker 7: those ATVs every day. Right, you have the opportunity to
• 27:11
  Speaker 7: be able to rent those out as well. Another one
• 27:13
  Speaker 7: one of my favorites classic cars. Those classic cars are
• 27:17
  Speaker 7: amazing for video productions, amazing for movies, they're amazing for commercials,
• 27:23
  Speaker 7: they're amazing.
• 27:23
  Speaker 3: For photo shoots. You can get these classic cars for
• 27:27
  Speaker 3: very low rates.
• 27:28
  Speaker 7: Right ten thousand cleaning up, put some money on it
• 27:31
  Speaker 7: and make your money back cash flow. Or car that's
• 27:34
  Speaker 7: not even driving, that's not even moving. All you're doing
• 27:37
  Speaker 7: is taking care of the maintenance and the look. Think
• 27:39
  Speaker 7: about it. You do not have to deal with mileage.
• 27:41
  Speaker 7: You don't have to deal with selling the car because
• 27:44
  Speaker 7: of milage and it's no longer operating.
• 27:47
  Speaker 3: You can make money for a way longer term.
• 27:49
  Speaker 7: Think about a classic car was made almost sixty fifty
• 27:53
  Speaker 7: years ago. Imagine cash flow on one asset for fifty
• 27:57
  Speaker 7: years plus.
• 27:59
  Speaker 3: That's the situation that.
• 27:59
  Speaker 7: We're we got RVs. Everybody knows the play, that's that
• 28:03
  Speaker 7: next business opportunities. Nobody talks about this. You don't have
• 28:07
  Speaker 7: to be limited to long term rentals or short term rentals.
• 28:13
  Speaker 7: You can run the play what makes sense for you,
• 28:15
  Speaker 7: your circumstances, your situation scenario. You can do hourly rentals,
• 28:19
  Speaker 7: you can do daily rentals, you can do weekly Rentalds,
• 28:21
  Speaker 7: you can do monthly rentals, you can do yearly res
• 28:23
  Speaker 7: They all have their pros and cons, but you have
• 28:25
  Speaker 7: to identify what makes sense for you and your business model.
• 28:28
  Speaker 7: Some people say, yo, I only want to do Houri Reynolds.
• 28:30
  Speaker 7: Then that means we have to have an asset that
• 28:32
  Speaker 7: makes sense for hourly Reynolds. Would it makes sense to
• 28:35
  Speaker 7: have a Hondai Sonata for hour runners? Maybe not, because
• 28:39
  Speaker 7: typically the people who need Hondae sonatas need to run errors.
• 28:41
  Speaker 3: They need it for the day, they need it for
• 28:43
  Speaker 3: the week.
• 28:44
  Speaker 7: The hourly Renolds are sling shots, supercars, lambows that they
• 28:48
  Speaker 7: just need to go to the wedding show video shoot.
• 28:51
  Speaker 7: They just need to pull up on a business meeting. Right,
• 28:53
  Speaker 7: Those plays make sense weekly Renolds again, economy cars make
• 28:57
  Speaker 7: really good sense for that monthly. You can run the
• 28:59
  Speaker 7: monthly pay. I do what we call specialty leasing. Sometimes
• 29:03
  Speaker 7: I don't want to feel like running my cars out
• 29:05
  Speaker 7: on a day to day basis.
• 29:07
  Speaker 3: That requires day to day work.
• 29:09
  Speaker 7: So if I have a car that I am willing
• 29:11
  Speaker 7: to say, yo, I want this car out for three
• 29:13
  Speaker 7: months with one person, I can do a specialty lease
• 29:15
  Speaker 7: with them.
• 29:16
  Speaker 3: I can say, yo, let's do a contract.
• 29:18
  Speaker 7: You have the car for three months, six months a year,
• 29:21
  Speaker 7: and we'll figure out the prices.
• 29:22
  Speaker 3: And typically the pricing is going to be more than
• 29:24
  Speaker 3: your car. No, my car nos nine hundred.
• 29:25
  Speaker 7: I might do a specialty lease for eighteen hundred, maybe
• 29:28
  Speaker 7: even three thousand, depending on what makes sense for that
• 29:31
  Speaker 7: customer or west. All right, So those are that now
• 29:35
  Speaker 7: here is a very important thing to consider. Why do
• 29:37
  Speaker 7: people even choose to rent cars when they can just
• 29:39
  Speaker 7: buy it. I have somebody right now running a vehicle
• 29:42
  Speaker 7: out that costs seven hundred dollars a month.
• 29:44
  Speaker 3: They're paying three thousand in our head.
• 29:47
  Speaker 7: Why does it make sense to pay three thousand dollars
• 29:49
  Speaker 7: for a vehicle and they can just simply purchase the
• 29:51
  Speaker 7: car themselves.
• 29:52
  Speaker 3: But the thing is, can everybody purchase a car?
• 29:54
  Speaker 10: No?
• 29:54
  Speaker 7: There's sometimes they have limitations, their lack of desire to
• 29:57
  Speaker 7: actually have a car. They might be struggled with credit issues.
• 30:01
  Speaker 7: They might only be traveling to a specific city like
• 30:03
  Speaker 7: actors and actresses when they traveled.
• 30:05
  Speaker 3: Atlanta from La. They're here for three months.
• 30:08
  Speaker 7: The production company Netflix, Tyler Perry Studios will pay for
• 30:12
  Speaker 7: their travel. It's not even coming out their pocket, right,
• 30:14
  Speaker 7: So they have a five thousand dollars budget. That money
• 30:16
  Speaker 7: can go to the enterprise or can they go to you.
• 30:19
  Speaker 7: You make the decision. So those are the things that
• 30:21
  Speaker 7: we need to consider, right, and that's the list. Next,
• 30:25
  Speaker 7: rental types. I'm not sure how much time you have,
• 30:28
  Speaker 7: but rental types. Some people rent out cars for travel, cruising,
• 30:32
  Speaker 7: running errands, lodging, hauling, photoships, movies, parades, car reviews, My Teslas,
• 30:40
  Speaker 7: my Tesla came out. I got it before when meeting
• 30:43
  Speaker 7: people had it. My Corvette C eight, I had it
• 30:46
  Speaker 7: before ninety percent of people who have it today. I
• 30:49
  Speaker 7: was able to market my car as a vehicle that
• 30:51
  Speaker 7: can be used for car reviews, a vehicle that can
• 30:54
  Speaker 7: be used for test driving.
• 30:55
  Speaker 3: Because think about test driving.
• 30:56
  Speaker 7: How does that feel when you typically test driver at
• 30:59
  Speaker 7: a dealership.
• 31:00
  Speaker 3: You're in the car for fifteen minutes, the salesman is
• 31:02
  Speaker 3: in your air all day.
• 31:04
  Speaker 7: You really ain't get a field the car, the navigation,
• 31:06
  Speaker 7: You don't really get a field, real field and then
• 31:08
  Speaker 7: you purchase the car and have what buyers are worse.
• 31:10
  Speaker 7: So instead of having buyers remorse, let's get a chance
• 31:13
  Speaker 7: to get the car at an affordable right for a week.
• 31:15
  Speaker 3: And really test drive the car. That's an opportunity racing.
• 31:19
  Speaker 7: You can actually run out the cars for individuals just
• 31:22
  Speaker 7: for the purpose of racing.
• 31:23
  Speaker 3: Get on the legal track. You can use my car
• 31:25
  Speaker 3: for a certain rate.
• 31:26
  Speaker 7: Take care of the oil, take care of the rams,
• 31:28
  Speaker 7: take care of the tires.
• 31:30
  Speaker 3: You get to go right. So many reasons meeting, pull.
• 31:33
  Speaker 7: Ups, birthdays, to stunt test drive, all these different readers.
• 31:37
  Speaker 7: Is you need to understand why or somebody use your vehicle.
• 31:41
  Speaker 7: Then there's commercial uses. You can use your vehicle for
• 31:45
  Speaker 7: food delivery, overlift. You can have your vehicles rapped. I
• 31:50
  Speaker 7: charge businesses three hundred dollars per month to wrap their
• 31:53
  Speaker 7: business on our vehicle.
• 31:55
  Speaker 3: You see the EYL truck. These vehicles are what moving
• 31:59
  Speaker 3: the boards. We'll be fools not to squeeze.
• 32:03
  Speaker 7: All the juice at the lemon by making sure that
• 32:05
  Speaker 7: our branding our businesses isn't on a vehicle that's being
• 32:08
  Speaker 7: seen by thousands.
• 32:09
  Speaker 3: Of people per day, per month, per week.
• 32:13
  Speaker 7: Let's make sure we squeezed all the juice our lemons
• 32:15
  Speaker 7: we see in real life, and there's a couple of
• 32:17
  Speaker 7: resources on you on how to do that.
• 32:19
  Speaker 3: Some people might say, yo, I don't know any businesses.
• 32:21
  Speaker 7: Well, there's companies that pair you up with businesses, Middleman's Brokers,
• 32:24
  Speaker 7: Rapid Fire, Carver, Tize, Free Car Media, or you can
• 32:27
  Speaker 7: just go out there and hustle and get you your
• 32:28
  Speaker 7: own businesses. So there's different types of renters, celebrities, travelers, businesses, conferences,
• 32:34
  Speaker 7: people who do be going to conferences, and even scammers.
• 32:36
  Speaker 7: We need to identify the scammers out here trying to
• 32:39
  Speaker 7: get your card too, right.
• 32:41
  Speaker 3: Create your business. We're gonna end on this.
• 32:44
  Speaker 10: We got.
• 32:46
  Speaker 7: This is very important. Everybody always asking, yo, Madi, how
• 32:50
  Speaker 7: do I know which car to pick?
• 32:51
  Speaker 3: How do I know? To financial leads? How do I know?
• 32:54
  Speaker 3: How do I know?
• 32:54
  Speaker 2: How do I know?
• 32:56
  Speaker 3: These are all good questions. However, we're never going to
• 32:59
  Speaker 3: I'm never I'm person.
• 33:00
  Speaker 7: You're never going to answer a personal question unless you
• 33:03
  Speaker 7: fill out this business plan.
• 33:04
  Speaker 3: Nobody he talks about this nobody.
• 33:07
  Speaker 7: So this business plan answer this question that you need
• 33:10
  Speaker 7: to know before you make any decisions moving forward in.
• 33:13
  Speaker 3: The car on the space.
• 33:15
  Speaker 7: The first question is this, do you plan on getting
• 33:18
  Speaker 7: in this industry with an existing car or do you
• 33:21
  Speaker 7: plan on acquiring a new car, whether it's getting the
• 33:24
  Speaker 7: keys to somebody else's or purchasing financing a car. That's
• 33:29
  Speaker 7: the very first question. So say you have a car
• 33:32
  Speaker 7: in driveway that's not being utilized properly. You can now
• 33:35
  Speaker 7: say and answer this question, I want to use my
• 33:38
  Speaker 7: existing vehicle. Next question, how many cars do you want
• 33:42
  Speaker 7: to start off with? You'll tap into the podcast and
• 33:45
  Speaker 7: see Maddy Jay got thirty three cars in one wik
• 33:48
  Speaker 7: and say, yo, I need thirty three cars in one week.
• 33:50
  Speaker 3: That might not be the play for you.
• 33:52
  Speaker 7: So you need to identify what makes sense for you
• 33:54
  Speaker 7: based on your capacity to manage, your capacity to manage
• 33:58
  Speaker 7: not just the cars but the v but the people involved,
• 34:01
  Speaker 7: the clients, your team, the parking lot.
• 34:04
  Speaker 3: Those are things to consider.
• 34:05
  Speaker 7: I don't like when individuals just jump into a business
• 34:08
  Speaker 7: and end up taking the als that I took when
• 34:10
  Speaker 7: it's not necessary.
• 34:12
  Speaker 3: But the thing starts with asking the right questions.
• 34:14
  Speaker 7: I typically recommend people start with one vehicle, understand the feel,
• 34:19
  Speaker 7: get a hang of it, and then say yo, now
• 34:21
  Speaker 7: I want to scale up to two, three, four or
• 34:23
  Speaker 7: five and beyond all right, financial.
• 34:27
  Speaker 3: Goals, This is a huge question.
• 34:29
  Speaker 7: Before you can figure out what car you want to get,
• 34:31
  Speaker 7: whether it's luxury, economy, supercar, classic band, commercial, we need
• 34:36
  Speaker 7: to ask ourselves this question. What's our financial goal? Especially
• 34:40
  Speaker 7: if your intention was to cash flow and generate income?
• 34:43
  Speaker 7: But how much income? When I typically ask individuals how
• 34:46
  Speaker 7: much money do you want to make it your business
• 34:47
  Speaker 7: gets will answer.
• 34:48
  Speaker 3: I typically hear million dollars? Where did this number come from?
• 34:52
  Speaker 10: Right?
• 34:53
  Speaker 7: Of course, we hear this number so many times, to
• 34:55
  Speaker 7: the point where that's the number that we regurgitate when
• 34:57
  Speaker 7: somebody asks us a question, but do.
• 34:59
  Speaker 3: You really need a million dollar?
• 35:00
  Speaker 7: A lot of times when people get a billion dollars,
• 35:01
  Speaker 7: they don't know what to do it and what's what happens?
• 35:03
  Speaker 7: They spend it so feariously that it actually puts them
• 35:06
  Speaker 7: in a worse situation than before. Right, you end up
• 35:09
  Speaker 7: being in debt, you end up being around the wrong people.
• 35:11
  Speaker 7: But now we're not doing that anymore. We're gonna have
• 35:13
  Speaker 7: intentions with every dollar that comes in. We're gonna have
• 35:17
  Speaker 7: a mission for every dollar soldier that comes in, even
• 35:20
  Speaker 7: the car in the space so here's an example of
• 35:22
  Speaker 7: an answer to the question what's your financial goal in
• 35:25
  Speaker 7: the car in the space. This answer is, I plan
• 35:29
  Speaker 7: to earn an extra seven hundred dollars. This person wants
• 35:32
  Speaker 7: to just make seven hundred dollars. But why why do
• 35:34
  Speaker 7: you want to mark an extra seven hundred dollars. Well,
• 35:36
  Speaker 7: I want to pay two hundred dollars to my car. Note,
• 35:39
  Speaker 7: I want to pay myself on bill, I want to
• 35:42
  Speaker 7: pay my groceries, and I want to build my emergency
• 35:44
  Speaker 7: from that's a solid financial plan with the specific asset,
• 35:48
  Speaker 7: very solid. So that means that I now need to
• 35:51
  Speaker 7: find a car that can be able to facilitate my
• 35:54
  Speaker 7: financial goal and so I can be able to hit
• 35:56
  Speaker 7: my financial mission.
• 35:58
  Speaker 3: Without this financial goal, you can choose any.
• 36:01
  Speaker 7: Car you want, but with this financial goal, you're going
• 36:03
  Speaker 7: to get targeted to the car that's actually going to
• 36:05
  Speaker 7: fulfill your mission.
• 36:06
  Speaker 3: Fulfill your goals very important. So it goes back to
• 36:09
  Speaker 3: the question, Maddie, what car should I get?
• 36:11
  Speaker 7: All that depends on your financial goal, That depends on
• 36:13
  Speaker 7: how many cars you want to have, depends on if
• 36:15
  Speaker 7: you have a car existing already in your driveway. We
• 36:18
  Speaker 7: want to answer these questions first next question, do you
• 36:21
  Speaker 7: plan on leveraging your personal credit or cash, plan on
• 36:26
  Speaker 7: leveraging your business credit or business cash? Do you plan
• 36:29
  Speaker 7: on leveraging somebody else's cash or somebody else's business credit.
• 36:34
  Speaker 7: We need to answer that question first, right, some people
• 36:37
  Speaker 7: have an option to do all four, but the question
• 36:39
  Speaker 7: is which one are you actually can choose? What are
• 36:41
  Speaker 7: the pros cons benefits depending on your situation, your circumstance,
• 36:46
  Speaker 7: your scenario. Nobody else can answer that for you. All
• 36:49
  Speaker 7: we can do is ask you the right questions so
• 36:52
  Speaker 7: you can find the right answers. Next question, do you
• 36:55
  Speaker 7: want to operate this business hands in, all hands in
• 36:58
  Speaker 7: on debt or do you want to be hands off?
• 37:01
  Speaker 7: Do you want to run this business part time or
• 37:03
  Speaker 7: full time? Those are questions that you have to ask.
• 37:06
  Speaker 7: Here's an example of that. The answer to that question
• 37:08
  Speaker 7: will be I plan to manage the operation of this
• 37:11
  Speaker 7: business part time for three to four hours. That's a
• 37:14
  Speaker 7: solid plan. They only want to be in this business
• 37:18
  Speaker 7: and managing this business for three to four hours as
• 37:20
  Speaker 7: a side hustle, which would then help us answer the
• 37:23
  Speaker 7: next question, do you plan on doing short terminals or
• 37:26
  Speaker 7: long term rentals? In this case, because they already said
• 37:30
  Speaker 7: that they only want to dedicate three to four hours.
• 37:33
  Speaker 3: What do you think is going to be the best player?
• 37:35
  Speaker 3: Depend on the car.
• 37:36
  Speaker 7: They can do short terminals or they can do long
• 37:38
  Speaker 7: terminals if they don't want to have too much time
• 37:41
  Speaker 7: on it. Ulies in this space. All right, So that's
• 37:44
  Speaker 7: the fifth question. Next question what type of runners do
• 37:47
  Speaker 7: you want to deal with? And as a business owner,
• 37:49
  Speaker 7: we actually have the choice to choose who we want
• 37:52
  Speaker 7: to do business with. But if you don't choose your
• 37:55
  Speaker 7: ideal customer, if you don't choose your dream client, guess
• 37:59
  Speaker 7: what happens. You start getting all these random people who
• 38:02
  Speaker 7: raise their hand for your services. And because you don't
• 38:06
  Speaker 7: match relationship wise, because we're having a relationship with these people,
• 38:09
  Speaker 7: you don't match relationship wise. Just like any relationship, what happens,
• 38:12
  Speaker 7: it becomes toxic. But who ends up taking the l
• 38:16
  Speaker 7: is it the client or the business owner? It's always
• 38:18
  Speaker 7: the business owner because they even say the customer is
• 38:20
  Speaker 7: always running no matter what happens, the customer doesn't have
• 38:24
  Speaker 7: the responsibility. The responsibility is always on the business. So
• 38:27
  Speaker 7: now we can actually choose who our audience is going
• 38:30
  Speaker 7: to be. Who are target client?
• 38:31
  Speaker 2: Is going to be.
• 38:32
  Speaker 7: And you know what answer most people saying. When I
• 38:33
  Speaker 7: ask who's your target audience? Most people say everybody. Even
• 38:37
  Speaker 7: though everybody can utilize your service, you don't want everybody
• 38:40
  Speaker 7: to use our service for a couple of reasons.
• 38:42
  Speaker 3: Want it costs more money to market to them.
• 38:44
  Speaker 7: It costs more money to communicate to them, because now
• 38:47
  Speaker 7: you got to speak a bunch of different languages. Because
• 38:48
  Speaker 7: marketing is just amount of speaking somebody's language and relate
• 38:51
  Speaker 7: to them. So if I choose to speak to one person,
• 38:55
  Speaker 7: speak their language, invest in that person because I know
• 38:57
  Speaker 7: how they feel, I know what type of music they're like,
• 39:00
  Speaker 7: how they like to engage. It's going to increase the
• 39:03
  Speaker 7: love and likability, the knowledge between us two to the
• 39:05
  Speaker 7: point where they go out marketing for us. Imagine having
• 39:09
  Speaker 7: an army and individuals who do the marketing for us
• 39:11
  Speaker 7: versus US try to spend all our resources to get
• 39:14
  Speaker 7: more people. That's why that's important rental usages. Now we
• 39:18
  Speaker 7: need to understand how we want people to use our vehicles.
• 39:21
  Speaker 7: Do you want to focus only on movies and productions?
• 39:23
  Speaker 7: I know individuals in the Carlos place they say, yo,
• 39:25
  Speaker 7: I only want casting agents to touch my cars right,
• 39:30
  Speaker 7: less risk high.
• 39:33
  Speaker 3: But of course there's different ways to be able to
• 39:35
  Speaker 3: tap in.
• 39:36
  Speaker 7: You might be well, I don't know any movie directors
• 39:38
  Speaker 7: or casting agents and production teams. That's because you never
• 39:41
  Speaker 7: sought out to look for and there's different strategies to
• 39:44
  Speaker 7: do so.
• 39:44
  Speaker 3: Right.
• 39:45
  Speaker 7: For every excuse, I promise you every justification, I'll promise
• 39:48
  Speaker 7: you it's an opportunity to be fix it right type
• 39:52
  Speaker 7: of cars. You need to identify what type of car
• 39:53
  Speaker 7: you want. So example of these three questions, I plan
• 39:57
  Speaker 7: to rent to guests who are intel traveling. I plan
• 40:00
  Speaker 7: to rental travelers who need to get from point A
• 40:02
  Speaker 7: to point B. I plan to finance a twenty nineteen
• 40:05
  Speaker 7: Toyota came County car. This vehicle matches all the answers
• 40:09
  Speaker 7: that you gave from all the previous questions. You don't
• 40:12
  Speaker 7: want to get a vehicle that does not align with
• 40:15
  Speaker 7: any of your goals, any of the questions that you've answered,
• 40:18
  Speaker 7: And that's where a lot of people mess up. They
• 40:20
  Speaker 7: say I want to make fifty thousand dollars a month
• 40:23
  Speaker 7: and then get cars that don't have the capacity to
• 40:25
  Speaker 7: do so, or they say I don't want to have
• 40:28
  Speaker 7: this business take over my whole life, but don't get
• 40:31
  Speaker 7: the cars that have the capacity to do so. We
• 40:34
  Speaker 7: want to make sure everything matches up according to these questions.
• 40:36
  Speaker 7: That's why this is very important. I highly recommend anybody
• 40:40
  Speaker 7: to not start operate in a business without answering these
• 40:44
  Speaker 7: questions properly. Next question, rental location. Where do I want
• 40:47
  Speaker 7: to operate this business? Do I want to operate locally?
• 40:50
  Speaker 7: Do I want to have my car manage in the city?
• 40:53
  Speaker 7: Do I want to car manage in a whole other state?
• 40:57
  Speaker 7: There's ways to do it. Some people say, yo, I'm
• 40:59
  Speaker 7: not in the market for car reals. I'm in Idaho
• 41:02
  Speaker 7: and nobody really ain't runting out Lambeos like that.
• 41:04
  Speaker 3: That doesn't mean you can't get a Lambler.
• 41:05
  Speaker 7: What you do is again JV deal with somebody who's
• 41:08
  Speaker 7: already renting Lambos in a different city that's hot. You
• 41:12
  Speaker 7: shift the car out there, do a JV deal fifty
• 41:14
  Speaker 7: to fifty sixty forty seven, thirty eighty twenty and run
• 41:17
  Speaker 7: the player. There's ways to be able to run the
• 41:20
  Speaker 7: place with no delays. Next question, what's going to be
• 41:23
  Speaker 7: your exit strategy after you identify the location? What's your
• 41:26
  Speaker 7: edge stratege. So here's an example of an extra strategy.
• 41:28
  Speaker 7: After one year of being in this business, I will
• 41:31
  Speaker 7: reevaluate my plan, evaluate my current opportunities, and either sell
• 41:36
  Speaker 7: or scale the business. I'm going to use my existing
• 41:39
  Speaker 7: car or acquire a new car. And I plan to
• 41:42
  Speaker 7: use my car but get another used car for rent. Right,
• 41:47
  Speaker 7: So those are different examples of an exit strategy.
• 41:50
  Speaker 3: But here's the thing.
• 41:51
  Speaker 7: This is a framework and the answers are based on
• 41:54
  Speaker 7: your personal preference. Again, I highly recommend nobody to move
• 41:58
  Speaker 7: forward and operate this business in these plans. Let's go
• 42:01
  Speaker 7: ahead and move on car into mindset. Please. We encourage
• 42:08
  Speaker 7: everybody before they even do any action, is to study
• 42:11
  Speaker 7: the game again, before we get earn. We have to learn,
• 42:16
  Speaker 7: because you're gonna end up doing what I did. I
• 42:18
  Speaker 7: got my mis aliety off the lot. I'm ready to
• 42:21
  Speaker 7: put it on too. I'm driving the car off the lot.
• 42:23
  Speaker 3: Guess what the car starts to shape?
• 42:26
  Speaker 8: Why?
• 42:27
  Speaker 3: Because I didn't have the knowledge, the wisdom, that knowledge
• 42:29
  Speaker 3: and understanding.
• 42:30
  Speaker 7: And experience to check the rods before I purchased the car.
• 42:32
  Speaker 7: And guess how much you cost to fix it? Twenty
• 42:34
  Speaker 7: six hundred dollars plus now I'm already negative twenty six hundred,
• 42:37
  Speaker 7: twenty six hundred because I didn't do my due diligence
• 42:40
  Speaker 7: from learning from other people's experiences. We're not in the
• 42:43
  Speaker 7: age of ignorance anymore. We're in the age of information.
• 42:47
  Speaker 7: Communities like the earners have been able to congratulate, congregrate, congolerate,
• 42:53
  Speaker 7: congo congrede, congregrede the elite of the elite.
• 43:00
  Speaker 3: It's crazy, the best of the best.
• 43:03
  Speaker 7: Not only are they the best and the best in
• 43:05
  Speaker 7: the lead elite, these individuals are willing to share the sauce.
• 43:09
  Speaker 7: And if they weren't willing to share the sauce, there's
• 43:12
  Speaker 7: now a spirit to do so, because if you're not
• 43:14
  Speaker 7: gonna share the sauce, you're not gonna be successful in
• 43:16
  Speaker 7: the war. That's the new standard, right and by God's grace,
• 43:19
  Speaker 7: that's the standard. And now we're all having the opportunities
• 43:22
  Speaker 7: to not use ignorance as an excuse. So the first
• 43:25
  Speaker 7: step is study the game. Have the mindset always learn,
• 43:28
  Speaker 7: not be arrogant to say I know it all. Next
• 43:30
  Speaker 7: mindset is to team up, team up, partner, partner partner,
• 43:34
  Speaker 7: whether it's with detailed shops, mechanics, body shops, insurance of justice.
• 43:40
  Speaker 7: You have to have adult relationship skills so we can
• 43:43
  Speaker 7: turn these contacts into contracts and be able to make
• 43:46
  Speaker 7: plays again with no delays.
• 43:48
  Speaker 3: Super important. Next mindset hack.
• 43:50
  Speaker 7: Having no personal attachment to these vehicles. I know a
• 43:52
  Speaker 7: lot of individuals. When they start it sounds all hanky doing.
• 43:55
  Speaker 7: But when they give the keys to their vehicle, like ah, they.
• 43:59
  Speaker 3: Start checking the app the trackers fighting app every five cent.
• 44:03
  Speaker 7: When they return the car, they get pissed off at
• 44:06
  Speaker 7: the match.
• 44:07
  Speaker 3: We're dirty. Think about it.
• 44:08
  Speaker 7: What's gonna happen when when somebody the rest of their
• 44:11
  Speaker 7: car the massar did it? Think about every time you
• 44:13
  Speaker 7: drove a car or run a car. Think about everything
• 44:15
  Speaker 7: that you did that we did to run a cars.
• 44:17
  Speaker 7: What do you think is gonna happen? So we need
• 44:18
  Speaker 7: to make sure we set our expectations high and have
• 44:20
  Speaker 7: no personal attachment and realize that this is a business.
• 44:23
  Speaker 7: If you realize that you do have personal attachment, that's cool.
• 44:27
  Speaker 7: Just know the consequences that might happen because of that.
• 44:31
  Speaker 7: Next mindset hack is to never ever ever run out
• 44:34
  Speaker 7: of a car without insurance. These assets must be protected
• 44:39
  Speaker 7: and once.
• 44:39
  Speaker 3: We get into Q and A.
• 44:40
  Speaker 7: We're gonna go into those details of insurance because I
• 44:42
  Speaker 7: know that's a hot topic. How do we protect these cars?
• 44:46
  Speaker 7: We make sure that we have that asset protection. Another
• 44:49
  Speaker 7: mindset hack outcome over income. A lot of times you'll make.
• 44:53
  Speaker 3: Stupid decisions because you're trying to get the money graphed.
• 44:57
  Speaker 7: Say, oh, you don't need the insurance this time, No
• 44:59
  Speaker 7: worries because you just want the money grab. No, we
• 45:02
  Speaker 7: need to always remember that there's going to be an outcome,
• 45:04
  Speaker 7: and we want to make sure the outcome surpasses the mindset.
• 45:08
  Speaker 3: Of trying to get the income.
• 45:10
  Speaker 7: Also, whatever mindset hack is being a problem solver in
• 45:14
  Speaker 7: the nature of business. The nature of business is that
• 45:17
  Speaker 7: you're volunteering to solve a problem and you're asking to
• 45:21
  Speaker 7: be fairly compensated for solving that problem. So you have
• 45:24
  Speaker 7: to be a professional problem solving. So problems happened, we
• 45:27
  Speaker 7: shouldn't be stressed out. We should thank God for the
• 45:30
  Speaker 7: opportunity to be able to solve the issue and generate
• 45:33
  Speaker 7: income to be compensated for it. Right, That's how that works.
• 45:36
  Speaker 7: So that's the mindset that we're going to be having
• 45:38
  Speaker 7: in this space. And then in any business period. And
• 45:40
  Speaker 7: we have a long list of different mindset characteristics, but
• 45:43
  Speaker 7: the key base is going to the details and we're
• 45:46
  Speaker 7: going to find a transition off to we can do
• 45:49
  Speaker 7: the qnat.
• 45:49
  Speaker 6: Okay, there you have it. Excellent, excellent presentation.
• 45:58
  Speaker 2: Yes see to the el man.
• 46:05
  Speaker 3: I love hearing man.
• 46:08
  Speaker 8: With this shape on nighttime and.
• 46:15
  Speaker 2: His brim didn't even move that whole time.
• 46:17
  Speaker 8: I mean, you know, there's a hack of that.
• 46:19
  Speaker 3: There's a hack to that. They got me a little
• 46:22
  Speaker 3: filling right in there. They staying right there. My boy.
• 46:26
  Speaker 8: It is nighttime and we are inside and we're in
• 46:29
  Speaker 8: the basement. It's very rare, very rare.
• 46:32
  Speaker 2: Triple run run the plane, Eddie condition.
• 46:38
  Speaker 6: Jesus YouTube. Make sure you hit the like. But there's
• 46:48
  Speaker 6: thirteen hundred people watching this on YouTube right now. Free information,
• 46:52
  Speaker 6: top of the line. And this is just half. We're
• 46:54
  Speaker 6: about to go into Q and A, so please hit
• 46:57
  Speaker 6: the like button. Thank you, thank you, thank you. Shout
• 46:59
  Speaker 6: out to five hundred dollars.
• 47:04
  Speaker 2: Dude, my god, that's the leak.
• 47:06
  Speaker 8: That's the leak level. So let's get into let's get
• 47:08
  Speaker 8: into some.
• 47:09
  Speaker 3: U and A.
• 47:10
  Speaker 5: Yeah, Troy, Yeah, I got you over here.
• 47:14
  Speaker 10: Man.
• 47:14
  Speaker 5: A lot of people got their hands raised. My man, Sam,
• 47:17
  Speaker 5: b we coming to you first, mut yourself. You've been
• 47:19
  Speaker 5: on mute and it's been a minute, Sam, what's going on?
• 47:22
  Speaker 9: I got.
• 47:24
  Speaker 10: What's going on? What's going on?
• 47:26
  Speaker 2: Hein' Sam? You know the countdowns on my brother's two
• 47:28
  Speaker 2: weeks away.
• 47:29
  Speaker 10: I know I'm ready for another another great year.
• 47:32
  Speaker 2: God bless you, my brother, God bless you.
• 47:34
  Speaker 10: Appreciate y'all so well, real quick.
• 47:37
  Speaker 11: I've seen uh it said something the bullet point asker protection,
• 47:43
  Speaker 11: but I'm worried about protecting myself, so I was gonna
• 47:47
  Speaker 11: ask yeah, coming through.
• 47:53
  Speaker 3: I love the questions.
• 47:55
  Speaker 11: Yeah, so you know I'm thinking like worst case scenario like.
• 48:00
  Speaker 5: This episode is brought to you by P and C Bank.
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• 49:51
  Speaker 11: Car gets in an accident or you know what I'm saying,
• 49:54
  Speaker 11: somebody wants to place me live or like, is there
• 49:57
  Speaker 11: any type of documentation that you keep on the side.
• 50:00
  Speaker 7: Yeah, of course, of course. Of course. I'm not a lawyer,
• 50:03
  Speaker 7: I'm not any of that, but I do have protection
• 50:06
  Speaker 7: for my business. Of course, it's corporate veils. There's structures
• 50:08
  Speaker 7: to make sure that you're not liable for incidents. You're
• 50:11
  Speaker 7: not liable for accidents, You're not loud for anything, once
• 50:14
  Speaker 7: you put it in contract and in paper, and making
• 50:16
  Speaker 7: sure your insurance policy is what we call ironclad. I
• 50:22
  Speaker 7: remember when I was purchasing a slingshot from an individual
• 50:26
  Speaker 7: on Craigslist. I pulled up to his mansion. Caucasian dude, Right,
• 50:30
  Speaker 7: we're writing up the contract. He said, Wait, my lawy's
• 50:32
  Speaker 7: gonna come.
• 50:33
  Speaker 3: I'm like, dang, your lawyer's gonna pull up on this
• 50:35
  Speaker 3: right now. So yeah, he's gonna pull up.
• 50:36
  Speaker 7: Thirty minutes, lawyer was there, fine tuned in contract. I'm like,
• 50:40
  Speaker 7: why they pay so much details in this contract. I'm
• 50:42
  Speaker 7: so used to just looking at the headlines and then
• 50:45
  Speaker 7: sign it. But that contract has everything is in there
• 50:49
  Speaker 7: necessary for what our protection, and like you said, not
• 50:52
  Speaker 7: just the protection for the vehicle it self, but that
• 50:54
  Speaker 7: all the individuals and the parties involved. Obviously there's different
• 50:57
  Speaker 7: ways to do so, but that's just a general statement
• 51:00
  Speaker 7: comes to making sure that we have the protection on
• 51:02
  Speaker 7: all ends.
• 51:03
  Speaker 6: Another thing that everybody should have is an umbrella policy.
• 51:08
  Speaker 6: My umbrella policy is relatively cheap. You'd be surprised, you
• 51:13
  Speaker 6: and it covers pretty much everything under one umbrella. So
• 51:16
  Speaker 6: like your home insurance or car insurance, life life. The
• 51:20
  Speaker 6: life is not included an umbrella, but like pretty much
• 51:23
  Speaker 6: all the property, property and casualty insurances.
• 51:26
  Speaker 8: So that's good as well.
• 51:28
  Speaker 6: And like I said, you you're like a million dollar
• 51:31
  Speaker 6: umbrella policy for like five hundred dollars a year something
• 51:35
  Speaker 6: like that.
• 51:35
  Speaker 8: Right, it's right cheap.
• 51:37
  Speaker 6: I think we actually had a class on Eeyo University
• 51:39
  Speaker 6: about that. If not, we definitely could have one. But
• 51:41
  Speaker 6: it's good. It's good to have that, especially when you
• 51:44
  Speaker 6: you know, have a lot of different things that you
• 51:46
  Speaker 6: need to ensure.
• 51:46
  Speaker 2: That far, that's a big thing.
• 51:49
  Speaker 5: Sam appreciates you, my guy high another question, Yeah, Yeah,
• 51:53
  Speaker 5: let's go to Adrian. Adrian, were coming to you mut yourself?
• 51:56
  Speaker 5: You've been unmuted. What's going on?
• 52:00
  Speaker 10: Hey, what's going on?
• 52:00
  Speaker 2: Man?
• 52:01
  Speaker 6: Can you give me?
• 52:01
  Speaker 2: Yeah, we hear you perfectly. What's going on with you?
• 52:03
  Speaker 12: And I'm pretty good man, I'm gonna keep it quick.
• 52:06
  Speaker 10: I got a car.
• 52:07
  Speaker 3: That's on Toro right now. And the question I have
• 52:09
  Speaker 3: for you, man, is could you.
• 52:11
  Speaker 12: Give me, you know, like three examples of what's the
• 52:14
  Speaker 12: best ways to expand your fleet? So I already have
• 52:17
  Speaker 12: a car that's in my personal name, but I have
• 52:21
  Speaker 12: a business and I have business credit, right so I'm
• 52:23
  Speaker 12: looking to expand and get a couple more cars on
• 52:26
  Speaker 12: my business credit.
• 52:27
  Speaker 10: But could you give me maybe.
• 52:27
  Speaker 12: Three examples that that you know that are proven to
• 52:31
  Speaker 12: expand your fleet on Toro?
• 52:33
  Speaker 3: Yeah, definitely.
• 52:33
  Speaker 7: So how the best way I can do is I
• 52:35
  Speaker 7: always also recommend people do what we call experience shares.
• 52:39
  Speaker 7: You don't give advice, but you just share your personal
• 52:42
  Speaker 7: experience or you just let them know that even though
• 52:44
  Speaker 7: I did do it, this is what I heard people do.
• 52:46
  Speaker 3: So I'm glad you mentioned that.
• 52:47
  Speaker 7: So my experience on how I went from one car
• 52:50
  Speaker 7: to three cars and went from three cars to thirty
• 52:52
  Speaker 7: three cars and now having fifty seven plus cars was simple.
• 52:56
  Speaker 7: I first made the decision that I wanted to do
• 52:58
  Speaker 7: it and why I wanted to do it. The data
• 53:01
  Speaker 7: very important, and if I can't know the numbers, I
• 53:04
  Speaker 7: can't grow the numbers. So I looked at the data
• 53:06
  Speaker 7: and make sure that I was hitting my financial goals.
• 53:09
  Speaker 7: That these cars weren't making a lot of money on
• 53:11
  Speaker 7: the front end, but on the back end, I was
• 53:12
  Speaker 7: really taking the l So after I realized that the
• 53:15
  Speaker 7: money made sense, it was cash flowng It's profitable. I
• 53:18
  Speaker 7: then said, how can I run this as a full
• 53:20
  Speaker 7: on business because a lot of individuals on turo it's
• 53:23
  Speaker 7: just a site hustle. They're using their personal card, they
• 53:24
  Speaker 7: don't really have no LLC. They're really not putting the
• 53:27
  Speaker 7: money in the bank in their business bank account, which
• 53:29
  Speaker 7: is cool in the beginning, but if I want to expand,
• 53:31
  Speaker 7: I need to run this like a business.
• 53:32
  Speaker 3: By God's grace, I have a lot of business.
• 53:34
  Speaker 7: Experience, so I use my business experience to set up
• 53:37
  Speaker 7: my business properly, got my LLC, had my lawyers draft
• 53:40
  Speaker 7: up contracts. I make sure that my insurance turned from
• 53:44
  Speaker 7: personal to full commercial. I understand the process of doing
• 53:48
  Speaker 7: private rentals. I then, of course, went into dealerships and
• 53:52
  Speaker 7: now ran.
• 53:53
  Speaker 8: The play in the beginning.
• 53:55
  Speaker 7: One thing I did do that I wish I did
• 53:57
  Speaker 7: do was get the thirty three cars in my personal name.
• 54:00
  Speaker 3: I went into dealerships. I understood that I have.
• 54:03
  Speaker 7: A dope credit report, and then I can get three
• 54:06
  Speaker 7: cars here, go to the dealership, get another three cars.
• 54:08
  Speaker 3: Go another ship to get another couple of cars.
• 54:10
  Speaker 7: But I didn't realize that I had one point six
• 54:13
  Speaker 7: million dollars under a vehicle debt under my purpose land.
• 54:17
  Speaker 7: So by God's grace, I was able to set up
• 54:19
  Speaker 7: a business, my business that was already two years cash
• 54:23
  Speaker 7: flowing good numbers, and then getting a business loan to
• 54:26
  Speaker 7: be able to purchase these vehicles, get this title and
• 54:29
  Speaker 7: get them off my name.
• 54:30
  Speaker 3: Right, So my debt to income ratio was regular.
• 54:33
  Speaker 7: It was one point six million dollars a vehicle vehicle
• 54:37
  Speaker 7: det So that's what I did.
• 54:38
  Speaker 3: I got these vehicles.
• 54:39
  Speaker 7: I understood that I had the capacity we called GWC
• 54:44
  Speaker 7: shout out to Geno Whickman in the book called Traction.
• 54:47
  Speaker 7: GWC stands for do I get it? Do I want it,
• 54:50
  Speaker 7: and do I have the capacity to run it. So
• 54:52
  Speaker 7: I understood what I was getting into. I wanted to
• 54:55
  Speaker 7: do it, and I had the capacity to do so.
• 54:57
  Speaker 7: I had the resources to do so, I have the
• 54:59
  Speaker 7: knowledge to do so, and I was able to do
• 55:01
  Speaker 7: something with confidence. I got the protection. I knew how
• 55:04
  Speaker 7: to get multiple cars, I knew how to get under
• 55:06
  Speaker 7: my business name. I knew how to get a commercial
• 55:08
  Speaker 7: policy that I knew how to have the right team,
• 55:11
  Speaker 7: the right resource.
• 55:12
  Speaker 3: To actually manage the business. That was what that was
• 55:14
  Speaker 3: my situation circumstance.
• 55:17
  Speaker 10: I didn't got it, man, I appreciate it, brother.
• 55:19
  Speaker 2: Appreciate you. Agent.
• 55:21
  Speaker 5: One of the things that that kind of got glossed
• 55:24
  Speaker 5: over there is as you scaling it c to the EO,
• 55:28
  Speaker 5: is that you actually have to find a place to
• 55:29
  Speaker 5: store these cars. Man, can you talk to the people
• 55:32
  Speaker 5: about that process, because it's like, yeah, I got one,
• 55:35
  Speaker 5: I got three, I got ten, Where am I putting
• 55:37
  Speaker 5: these things?
• 55:38
  Speaker 10: All?
• 55:38
  Speaker 6: Right?
• 55:38
  Speaker 7: Right, that's a good question because that's the question that
• 55:40
  Speaker 7: it is naturally gonna get brought up. So there's so
• 55:43
  Speaker 7: many ways to strategy to be able to implement this. Again,
• 55:46
  Speaker 7: you can do JV deals. There's individuals who already have
• 55:49
  Speaker 7: car lines that are either renting our cars or selling
• 55:51
  Speaker 7: our cars. And of course in this business, location, location,
• 55:55
  Speaker 7: location is important. Right where you locate the cars important
• 55:59
  Speaker 7: so you can partner up with individuals who have parking spaces.
• 56:02
  Speaker 7: Or in my situation, by God's grace, I was able
• 56:04
  Speaker 7: to lease a building right next to Enterprise, right next
• 56:07
  Speaker 7: to Hertz, right next to right in front of Budget,
• 56:10
  Speaker 7: and right in front of Peachey Airport where there's a
• 56:13
  Speaker 7: building available where I can run my operation at. And
• 56:16
  Speaker 7: you know how I got that building relationships. My boy
• 56:19
  Speaker 7: Jacobe said, Yo, Matt, I know you need space. Here's
• 56:22
  Speaker 7: a place that I'm looking. I'm looking at and it
• 56:24
  Speaker 7: looks like it will be good, better fit for you.
• 56:26
  Speaker 7: So it wasn't a matter of skills, it wasn't a
• 56:28
  Speaker 7: matter of knowledge. Again, it's always back to relationship. When
• 56:31
  Speaker 7: you have no relationships, people put you on, and when
• 56:33
  Speaker 7: you put others on, they have the inclination to reciprocate
• 56:37
  Speaker 7: that love and the value. TURO Also in certain cities
• 56:41
  Speaker 7: and certain markets they actually offer car management where.
• 56:44
  Speaker 3: They'll handle the check ins, checkouts.
• 56:46
  Speaker 7: I'm not sure how active they are after the COVID situation.
• 56:51
  Speaker 7: But I remember going to La picking up a vehicle
• 56:54
  Speaker 7: at a Touro lot where all these different hosts park
• 56:57
  Speaker 7: their vehicle and Turo actually managed the check in check
• 57:00
  Speaker 7: out process so many players. You could also do it,
• 57:04
  Speaker 7: partner up with You can have your cars parked on
• 57:07
  Speaker 7: on the on the public streets, depending on where you
• 57:10
  Speaker 7: where you are, depending on what your risk tolerance.
• 57:12
  Speaker 3: Are options.
• 57:14
  Speaker 7: But my option was tapping into a car rental lot
• 57:16
  Speaker 7: that held fifty plus spaces, which required me to get
• 57:20
  Speaker 7: a car rental license, which required me to pay for
• 57:22
  Speaker 7: a lot of things that.
• 57:23
  Speaker 3: Increased my expenses in my overhead right, And that was
• 57:27
  Speaker 3: my situation.
• 57:28
  Speaker 5: Coof Relationships, Swiss Championships. There it is, there is Jarell Hardy.
• 57:34
  Speaker 5: We coming to you. I'mut yourself. You've been unmuted. What's
• 57:35
  Speaker 5: going on? Oh damn, Darrell, don't do it. Your top
• 57:43
  Speaker 5: earner too. I don't do it, Jarrell already? Fridge emoji,
• 57:49
  Speaker 5: fridge emoji.
• 57:52
  Speaker 4: All right, let's go. Let's go to will William Harris.
• 57:54
  Speaker 2: We're coming to you. I'mut yourself. You've been unmuted. What's
• 57:56
  Speaker 2: going on? I'm here? Oh, Jarell, you did I, well,
• 58:00
  Speaker 2: we're gonna come right after this. I know you want
• 58:03
  Speaker 2: to let us down. What's going on it? Yeah? What's up?
• 58:05
  Speaker 2: I'm good? All right? Yeah?
• 58:07
  Speaker 10: I had a question.
• 58:08
  Speaker 2: I have a cargo van.
• 58:10
  Speaker 13: I used to do a little carrier business for my
• 58:13
  Speaker 13: spare time, but right now I'm not doing it. I
• 58:15
  Speaker 13: was wondering how could I possibly rent the cargo van out?
• 58:19
  Speaker 13: But it's an older van though, but it rides well.
• 58:22
  Speaker 3: If it's and moving.
• 58:24
  Speaker 7: There's two ways that, for sure, you can turn that
• 58:27
  Speaker 7: liability into asking. One is wrapping that cargo van in
• 58:30
  Speaker 7: a business, whether it's your business or somebody else's business.
• 58:34
  Speaker 3: You can monetize it that way.
• 58:35
  Speaker 7: Second way is forced to rent out to individuals who
• 58:38
  Speaker 7: need to haul cargo. There's been so many times where
• 58:41
  Speaker 7: I need to move furniture or purchase things that didn't
• 58:45
  Speaker 7: fit in my vehicle that I needed a cargo van,
• 58:47
  Speaker 7: And because there wasn't a marketplace to run it, what
• 58:49
  Speaker 7: do I have to do? Go to a home depot, right,
• 58:53
  Speaker 7: or go to or borrow a friends truck. But you
• 58:56
  Speaker 7: know how that is asking for your friend for it's
• 58:58
  Speaker 7: not always the best feeling.
• 59:00
  Speaker 3: Right. If there's a marketplace where people know that I
• 59:03
  Speaker 3: can just go to.
• 59:04
  Speaker 7: The local homie or a local person in my neighborhood
• 59:07
  Speaker 7: to run out of their cargo van for a specific
• 59:09
  Speaker 7: business purposes like hauling or taking care of errors.
• 59:12
  Speaker 3: I can do.
• 59:13
  Speaker 7: So, it's just a matter of identifying where the market is.
• 59:17
  Speaker 3: So what we do is we use Facebook Marketplace. You'll
• 59:20
  Speaker 3: be surprised how.
• 59:20
  Speaker 7: Many people in your local neighborhood need your vehicle for home.
• 59:25
  Speaker 7: So it's just a matter of going on face to
• 59:26
  Speaker 7: the marketplace, taking a nope picture of your cargo van
• 59:30
  Speaker 7: and letting them know why they need.
• 59:32
  Speaker 3: To use your cargo vat with the price.
• 59:34
  Speaker 7: You can say yo, if you're kind of renting out
• 59:37
  Speaker 7: so and so car or you're tired of doing this,
• 59:40
  Speaker 7: and that you can utilize this vehicle for your needs.
• 59:44
  Speaker 2: Okay, thank you, I see all this weekend.
• 59:46
  Speaker 6: I appreciate youra Hold. Let me ask you a question.
• 59:50
  Speaker 6: The way access shit insurance. That's something I've been seeing
• 59:53
  Speaker 6: a lot, right right, what's to deal with that?
• 59:55
  Speaker 7: Yeah, so with protection insurance. So if you're on the
• 59:58
  Speaker 7: tour again, we you should use multiple platforms. Turo is
• 1:00:03
  Speaker 7: not the only platform with running out car. You can
• 1:00:05
  Speaker 7: run out cars privately. So let's start talking about insurance
• 1:00:09
  Speaker 7: with Touro. So Touro you can consider too Ro as
• 1:00:12
  Speaker 7: really an insurance company. They make most of their profit
• 1:00:16
  Speaker 7: from the insurance plans that they're making with their partnership
• 1:00:19
  Speaker 7: with Liberty Mutue.
• 1:00:21
  Speaker 10: Right.
• 1:00:21
  Speaker 7: So typically what happens is when you sign up for Touro,
• 1:00:24
  Speaker 7: you have three option plans.
• 1:00:26
  Speaker 3: You can choose the option for ninety ten, which is usually.
• 1:00:30
  Speaker 7: For commercial, meaning you're using your own insurance, your own
• 1:00:34
  Speaker 7: commercial insurance, which was the policy I was on.
• 1:00:37
  Speaker 3: I believe, there's the eighty twenty, there are sixty five.
• 1:00:42
  Speaker 7: There's three four plans that you can choose from, and
• 1:00:45
  Speaker 7: depending on what plan you choose, there's a certain deductible
• 1:00:49
  Speaker 7: that you have to pay and there's a certain protection
• 1:00:52
  Speaker 7: level that you get.
• 1:00:54
  Speaker 3: So there's sixty forty.
• 1:00:55
  Speaker 7: So for every one hundred dollars you get, you have
• 1:00:57
  Speaker 7: to give your partner called Toro partner.
• 1:01:00
  Speaker 3: Some people just treat Touro like it's just some website.
• 1:01:03
  Speaker 7: If you're doing business on Toro, that's your business partner,
• 1:01:06
  Speaker 7: the providing services that you need to be able to
• 1:01:09
  Speaker 7: operate your business like a business partner. So they're getting
• 1:01:12
  Speaker 7: forty percent right. So me, when I was on Touro
• 1:01:16
  Speaker 7: heavy most of my cars on to roll.
• 1:01:18
  Speaker 3: Now I ran out privately. I was on the sixty
• 1:01:20
  Speaker 3: to forty plane.
• 1:01:21
  Speaker 7: Why because I wanted full coverage because I had so
• 1:01:24
  Speaker 7: many cars, which means I had more possibility and probability
• 1:01:27
  Speaker 7: than my cars would get damaged.
• 1:01:29
  Speaker 2: Right.
• 1:01:29
  Speaker 7: So instead of me having to pay a twenty five
• 1:01:32
  Speaker 7: dollars or two hundred fifty dollars seven to fifty dollars
• 1:01:35
  Speaker 7: deductible for every damage, I opted into the sixty to
• 1:01:39
  Speaker 7: forty plan. So when an insurance claim happens, typically when
• 1:01:42
  Speaker 7: somebody's driving your vehicle right, they hit a park car.
• 1:01:46
  Speaker 7: There's damage. Now they turn the car in, there's damage.
• 1:01:49
  Speaker 7: You have before and after pictures. Now it's your opportunity
• 1:01:52
  Speaker 7: to put a damage claim. Touro gets you an option
• 1:01:56
  Speaker 7: to deal with the claim directly with the guests first,
• 1:02:00
  Speaker 7: to see if they're able to take responsibility and handle
• 1:02:03
  Speaker 7: the payment directly to you.
• 1:02:05
  Speaker 3: If the guests is.
• 1:02:06
  Speaker 7: Not communicated or they're not willing to be rational or
• 1:02:11
  Speaker 7: reasonable to the situation, Turo your business partner is now
• 1:02:14
  Speaker 7: going to be the middle man of the situation and
• 1:02:17
  Speaker 7: take responsibility for it. And they take responsibility for it
• 1:02:21
  Speaker 7: by of course underwriting the situation, getting the information from
• 1:02:25
  Speaker 7: the mechanic on what damages they are. And depending on
• 1:02:28
  Speaker 7: how quick your responses are the information that they need,
• 1:02:32
  Speaker 7: they'll be able to pay you out and any as
• 1:02:33
  Speaker 7: quick as anywhere from a week and the logs I've
• 1:02:36
  Speaker 7: waited was three months, right for the for any damages
• 1:02:39
  Speaker 7: that happened from spender vendors, scratches, rim rash, smoking in
• 1:02:46
  Speaker 7: the car to a full total out vehicle. I've had
• 1:02:49
  Speaker 7: a mas alariety completely totaled out on Masa on turo.
• 1:02:53
  Speaker 7: So what they do is they they find the market
• 1:02:58
  Speaker 7: value of the vehicle. So the market value for this
• 1:03:01
  Speaker 7: Maserati that I paid thirty two thousand and four three
• 1:03:05
  Speaker 7: years later, it's twenty six thousand dollars, right, So they'll
• 1:03:09
  Speaker 7: pay me twenty six thousand dollars. And if I'm financing,
• 1:03:12
  Speaker 7: they'll pay whatever I owe the Capital One or whatever.
• 1:03:16
  Speaker 3: Bank that finance, they'll pay them, and they'll pay me
• 1:03:18
  Speaker 3: the difference. Right.
• 1:03:20
  Speaker 7: So just recently, I just had eleven thousand dollars deposited
• 1:03:23
  Speaker 7: in my bank account because that was the equity that
• 1:03:27
  Speaker 7: was left in the Maserati actually made money off that
• 1:03:31
  Speaker 7: total vehicle because it held its value because of the market.
• 1:03:35
  Speaker 7: Right now, right if if somebody was to get that
• 1:03:38
  Speaker 7: same Asorati today, it's twenty six thousand dollars thirty two
• 1:03:42
  Speaker 7: minus twenty six minus the payments that I made for
• 1:03:45
  Speaker 7: the last two two and a half years.
• 1:03:47
  Speaker 3: I made the eleven thousand, all right. So that's how it
• 1:03:50
  Speaker 3: works on tour.
• 1:03:51
  Speaker 7: Depending on what plan you are, they will protect the
• 1:03:54
  Speaker 7: vehicle and a certain amount of money. I think about
• 1:03:57
  Speaker 7: a million dollars one hundred thousand million dollars depending on
• 1:04:01
  Speaker 7: who gets harmed and what other vehicles get damaged. Right now,
• 1:04:06
  Speaker 7: it's different for private rentals. We teach how to be
• 1:04:09
  Speaker 7: able to generate income running your car out privately with
• 1:04:12
  Speaker 7: a proper rental agreement and the proper insurance, and typically
• 1:04:15
  Speaker 7: we use the individuals insurance, so I don't use my
• 1:04:18
  Speaker 7: own insurance. For claimers, whoever is running out by Lamborghini,
• 1:04:23
  Speaker 7: they have to provide full coverage insurance comprehensive collision liability
• 1:04:28
  Speaker 7: to make sure.
• 1:04:28
  Speaker 3: That they can drive that vehicle. And my team confirms
• 1:04:31
  Speaker 3: with their insurance agent that they.
• 1:04:34
  Speaker 7: Are able to drive this car at full coverage before
• 1:04:37
  Speaker 7: they leave the line, and that's always confirmed, and if
• 1:04:41
  Speaker 7: anything happens, we're not stressed out because we know the
• 1:04:43
  Speaker 7: insurance is going to be taking care of the damages.
• 1:04:46
  Speaker 7: And all we do is just do our proper diligence
• 1:04:48
  Speaker 7: to make sure that we purport the damage.
• 1:04:51
  Speaker 3: Plane. We send a demand letter.
• 1:04:55
  Speaker 7: We send the estimate of damages, we send the before
• 1:04:58
  Speaker 7: and after picture, we send the rentals.
• 1:05:00
  Speaker 3: We said everything. We need to make sure this process
• 1:05:02
  Speaker 3: in school so we can be able to acquire a
• 1:05:04
  Speaker 3: new vehicle and keep the ball wrong.
• 1:05:07
  Speaker 7: So there's so many aspects of insurance. If you ask
• 1:05:09
  Speaker 7: a very specific question about insurance, we'll be able to
• 1:05:11
  Speaker 7: tap into that as well.
• 1:05:14
  Speaker 2: Yeah, that was a lot.
• 1:05:17
  Speaker 5: Will, we're coming to you. What's going on? You've been
• 1:05:19
  Speaker 5: unmuted with what's your question?
• 1:05:20
  Speaker 10: Will?
• 1:05:21
  Speaker 2: Can you me? Yeah? Well you perfect what's going.
• 1:05:23
  Speaker 10: On real quick?
• 1:05:25
  Speaker 14: First, congratulations on all your success, mister CEO. I've been
• 1:05:29
  Speaker 14: approved for a car. I want to get shirted, but
• 1:05:32
  Speaker 14: I don't have time. So I'm a full time real
• 1:05:35
  Speaker 14: estate broker. I don't have time. So I want to
• 1:05:38
  Speaker 14: know you personally. Do you know anyone that wants to
• 1:05:41
  Speaker 14: JV and I'm here in Atlanta, so I would love
• 1:05:43
  Speaker 14: to connect with you and e y L. How are
• 1:05:45
  Speaker 14: you picking your people to go to Egypt because I
• 1:05:47
  Speaker 14: would love to go.
• 1:05:51
  Speaker 3: Anybody can go, bro.
• 1:05:52
  Speaker 8: That link.
• 1:05:55
  Speaker 6: Is on our Instagram page. I can mention it here
• 1:05:59
  Speaker 6: too before we leave. But first come, first serve. We
• 1:06:01
  Speaker 6: got twenty spots going to Egypt.
• 1:06:03
  Speaker 2: You know that.
• 1:06:03
  Speaker 3: Oh yeah, I saw the post.
• 1:06:07
  Speaker 8: So anybody you can go to Egypt with the information
• 1:06:09
  Speaker 8: is on the site.
• 1:06:10
  Speaker 3: Go to Africa. I want to claim Africa, Africa the
• 1:06:15
  Speaker 3: mother layer.
• 1:06:16
  Speaker 4: You know that, next out, next up?
• 1:06:19
  Speaker 8: Yes, I guess yeah.
• 1:06:21
  Speaker 3: So JB deals so again, especially real estate agents. Man,
• 1:06:25
  Speaker 3: you guys already have your laying.
• 1:06:27
  Speaker 7: Your time is already organized and you don't want to
• 1:06:30
  Speaker 7: add more time liabilities, right, So that's.
• 1:06:34
  Speaker 3: What you JB deal with people who are willing to
• 1:06:36
  Speaker 3: do it.
• 1:06:37
  Speaker 7: So your best bet to find individuals who you can
• 1:06:40
  Speaker 7: j be with is to talk and communicate with the
• 1:06:42
  Speaker 7: individuals who are already renting their cars on tour. Figure
• 1:06:46
  Speaker 7: out a way to get their contact information. Make a
• 1:06:48
  Speaker 7: Facebook post, make JOP into Facebook and type in Touro.
• 1:06:52
  Speaker 7: There's a tou Ro community for every market in the
• 1:06:57
  Speaker 7: nation and they're all to a host, they're all uber drivers.
• 1:07:01
  Speaker 7: That's the beautiful thing about groups on Facebook. What we're
• 1:07:04
  Speaker 7: doing as playmakers, we're finding are customers or the people
• 1:07:09
  Speaker 7: that we're looking for. Where their playground is, where the
• 1:07:13
  Speaker 7: playground of turo hosts. They're kicking it on Facebook groups
• 1:07:16
  Speaker 7: where they're talking about Touro, they're watching certain YouTube videos,
• 1:07:20
  Speaker 7: they're in certain Turo teaching course communities right, and there's
• 1:07:25
  Speaker 7: ways to get access to them. It's just a matter
• 1:07:28
  Speaker 7: of first knowing where they're at, knowing what messaging to
• 1:07:31
  Speaker 7: be able to put out, and then connecting with them.
• 1:07:34
  Speaker 7: So I would have suggest getting on Facebook, type in
• 1:07:37
  Speaker 7: Touro slash Atlanta, join the group and make a post
• 1:07:40
  Speaker 7: say hey, I'm looking for anybody who's willing to.
• 1:07:42
  Speaker 3: JV and manage these vehicles. Here's the information.
• 1:07:46
  Speaker 7: You want to be as much as informational informative as possible,
• 1:07:51
  Speaker 7: so that can be a quick sale for somebody to say, Yo,
• 1:07:54
  Speaker 7: I'm actually looking for another car to rent and I
• 1:07:56
  Speaker 7: don't have the credit or the cash to get a
• 1:07:58
  Speaker 7: new car. That's part of up and let's do it
• 1:08:00
  Speaker 7: sixty forty eighty twenty seven to thirty depending on what.
• 1:08:02
  Speaker 3: You want to do.
• 1:08:03
  Speaker 5: Hey, well we got we got some people in the
• 1:08:05
  Speaker 5: chat right now saying that day in Atlanta.
• 1:08:06
  Speaker 2: I'm trying to link will.
• 1:08:07
  Speaker 3: So the playground.
• 1:08:08
  Speaker 5: That's what I said, That's what this community is about,
• 1:08:12
  Speaker 5: my brother.
• 1:08:12
  Speaker 2: So definitely tap in.
• 1:08:14
  Speaker 6: I was gonna say, put it on the Instagram Facebook group,
• 1:08:17
  Speaker 6: on Euyo University's Facebook group. Thousands of people on there.
• 1:08:22
  Speaker 6: In Atlanta is a huge, huge market force. So I'm
• 1:08:25
  Speaker 6: sure that there's a lot of people in Atlanta that might.
• 1:08:28
  Speaker 8: Want to connect.
• 1:08:29
  Speaker 6: And yeah, YouTube, almost fifteen hundred people on YouTube, please
• 1:08:33
  Speaker 6: hit the like button.
• 1:08:34
  Speaker 8: Greatly appreciate her.
• 1:08:36
  Speaker 5: Yeah, yeah, let's let's go to let's see who we got.
• 1:08:41
  Speaker 5: Let's go to Rashawn. We're coming to you. I mute yourself.
• 1:08:44
  Speaker 5: You've been unmuted. Rashan, what's up? Damn seanmut it?
• 1:08:55
  Speaker 2: There you go, there you go, there you go? All right,
• 1:08:57
  Speaker 2: Rashawn said, what's going on? Yeah? How you doing? Were good?
• 1:09:02
  Speaker 13: Man?
• 1:09:02
  Speaker 2: Are you a right?
• 1:09:04
  Speaker 10: I'm a black owned car dealership right so Queens and
• 1:09:09
  Speaker 10: New York. I've been established for bout eight years.
• 1:09:11
  Speaker 6: So for.
• 1:09:13
  Speaker 15: The game that I've been in, obviously is buying and
• 1:09:16
  Speaker 15: selling at a wholesale rate versus you know, retail. But
• 1:09:19
  Speaker 15: now that I own at least thirty vehicles, I'm looking
• 1:09:22
  Speaker 15: to partner up with somebody and do JV deals out
• 1:09:26
  Speaker 15: here in New York.
• 1:09:27
  Speaker 10: So the biggest thing for me, honestly.
• 1:09:31
  Speaker 15: Being that the business is new and we have a
• 1:09:33
  Speaker 15: management company that's stepping in, like you said, to get
• 1:09:36
  Speaker 15: them involved.
• 1:09:36
  Speaker 10: They'll clean the car up on a consistent basis.
• 1:09:39
  Speaker 15: They have a lot where they keep the cars safe
• 1:09:41
  Speaker 15: and customers could pick it up and drop it off.
• 1:09:44
  Speaker 15: But they're charging me a fee of one hundred dollars
• 1:09:46
  Speaker 15: a month and they're taking thirty percent of the pot.
• 1:09:50
  Speaker 15: So you know, you've been in the business or in
• 1:09:53
  Speaker 15: the game for quite some time. How does that, you know,
• 1:09:55
  Speaker 15: benefit you long term? I mean, obviously I have a
• 1:09:58
  Speaker 15: step up in an advantage because I own the vehicle outright,
• 1:10:01
  Speaker 15: so I'm not paying a finance charge which includes interests
• 1:10:05
  Speaker 15: in a monthly premium as well as insurance. So I'm taking,
• 1:10:09
  Speaker 15: you know, a smaller piece of the poe. So I
• 1:10:11
  Speaker 15: just want to get some insight on that. And then
• 1:10:13
  Speaker 15: I had another question, so we could start with that.
• 1:10:15
  Speaker 3: Question, how can you repackage your question if you were
• 1:10:17
  Speaker 3: to rephrase.
• 1:10:18
  Speaker 8: It all right, So is that the question?
• 1:10:23
  Speaker 15: The question is Toro's new in New York. So management
• 1:10:26
  Speaker 15: companies are now the deals that they're they're presenting is
• 1:10:30
  Speaker 15: basically they're taking a thirty percent they're taking three percent cut, correct,
• 1:10:36
  Speaker 15: and they're charging me one hundred dollars per month fee
• 1:10:39
  Speaker 15: to manage the vehicle, to keep it clean and you
• 1:10:41
  Speaker 15: know everything that the management company you know requires.
• 1:10:44
  Speaker 10: Of course, I still have to.
• 1:10:45
  Speaker 15: Get insurance as well as an umbrella policy just so
• 1:10:48
  Speaker 15: I'm protected.
• 1:10:50
  Speaker 4: Right.
• 1:10:51
  Speaker 10: So from your perspective, is that is that fear?
• 1:10:53
  Speaker 15: Is that a reasonable percentage to take as a management
• 1:10:56
  Speaker 15: company or or is that like you know, somewhat inflated it?
• 1:11:01
  Speaker 2: Right?
• 1:11:01
  Speaker 7: So questions like that, again, it's a personal situation. What's
• 1:11:06
  Speaker 7: that one person might not be fair to. It all
• 1:11:08
  Speaker 7: depends on how you value the service and the time
• 1:11:12
  Speaker 7: and the benefits and the features that they're offering. Because
• 1:11:14
  Speaker 7: one management company might not offer the level of management
• 1:11:19
  Speaker 7: as another.
• 1:11:20
  Speaker 3: Company and they might charge the same percentage.
• 1:11:23
  Speaker 7: It all depends on exactly itemizing what they're deliverables are
• 1:11:27
  Speaker 7: and then comparing how you value each deliverable and then
• 1:11:31
  Speaker 7: also comparing their.
• 1:11:32
  Speaker 3: Rate to the market.
• 1:11:33
  Speaker 7: There's so many ways to justify or identify what do
• 1:11:37
  Speaker 7: you think is a fair price, But it's usually subjective
• 1:11:40
  Speaker 7: and it's usually a personal opinion. Again, pricing can be
• 1:11:44
  Speaker 7: dependent on value, customer service, speed, market market rate. It
• 1:11:50
  Speaker 7: can be based off of the list of services.
• 1:11:53
  Speaker 3: So many, so many different variables.
• 1:11:54
  Speaker 7: So be very I will say, irresponsible for me to say, yeah,
• 1:11:59
  Speaker 7: that's a good that's a good percentage.
• 1:12:01
  Speaker 3: I don't know the services.
• 1:12:03
  Speaker 15: I'm saying from what you're currently paying now, like management.
• 1:12:07
  Speaker 3: Company, im feed, I have my own rental lot.
• 1:12:10
  Speaker 15: Okay, okay, but I mean when you first started off,
• 1:12:13
  Speaker 15: you didn't have any type of management.
• 1:12:15
  Speaker 3: Everything was always in house grace.
• 1:12:17
  Speaker 7: I had members of church who are trusted like core
• 1:12:21
  Speaker 7: values on the same page that I was able to
• 1:12:24
  Speaker 7: hire at a rate from ten dollars an hour to
• 1:12:27
  Speaker 7: twenty dollars an hour to help manage the company.
• 1:12:30
  Speaker 15: Okay, okay, great, and okay, that sounds good. So then
• 1:12:34
  Speaker 15: I obviously have to do the due diligence on the
• 1:12:36
  Speaker 15: management company.
• 1:12:36
  Speaker 7: See you know frameworks that will help you make a decision,
• 1:12:41
  Speaker 7: a well informed decision on if this makes sense or not,
• 1:12:44
  Speaker 7: and those frameworks. I have like a trouble board on
• 1:12:47
  Speaker 7: how to identify whether something is fair for you of
• 1:12:51
  Speaker 7: pricing percentage.
• 1:12:52
  Speaker 15: Okay, final question is how can I create a marketplace
• 1:12:56
  Speaker 15: for these individuals that were empowering to now start their
• 1:13:00
  Speaker 15: own business. Like you know, I'm getting the vehicles through
• 1:13:03
  Speaker 15: the auction at Manheim, and that's at a wholesale rate
• 1:13:06
  Speaker 15: versus a retail where you're going to pay markup along
• 1:13:09
  Speaker 15: with dealer fees and stuff like that upon the purchase.
• 1:13:12
  Speaker 15: So what I want to do is create a marketplace
• 1:13:14
  Speaker 15: where we can get these vehicles at a lower rate
• 1:13:16
  Speaker 15: and we can get these individuals that you know that
• 1:13:19
  Speaker 15: want to start their business, you know, any vehicles that
• 1:13:21
  Speaker 15: they want.
• 1:13:22
  Speaker 3: Right, It's just a matter of place in the market.
• 1:13:24
  Speaker 7: You're just marketing the services, letting them know, like, look,
• 1:13:27
  Speaker 7: you don't have to get these cars and dealerships where
• 1:13:30
  Speaker 7: they're putting their markup rates. You can get them at
• 1:13:33
  Speaker 7: wholesale prices and you presenting us at yo, you can
• 1:13:36
  Speaker 7: rock with me on being able to get these vehicles.
• 1:13:39
  Speaker 7: It's just a matter of presenting yourself and making yourself
• 1:13:42
  Speaker 7: but letting people be aware that the service exists. I
• 1:13:45
  Speaker 7: certainly talk about it. So the question is now that
• 1:13:49
  Speaker 7: they are aware of it, now, where do they go
• 1:13:52
  Speaker 7: or who do they go to help facilitate it. That's
• 1:13:54
  Speaker 7: just marketing on your end.
• 1:13:56
  Speaker 10: Okay, got it. Appreciate you, God, appreciate you.
• 1:13:59
  Speaker 8: Appreciate you. Let's take let's reset the room for a minute.
• 1:14:02
  Speaker 8: I do remember invest Fest, the.
• 1:14:08
  Speaker 6: Biggest by far, the biggest by far, by far, the
• 1:14:12
  Speaker 6: biggest this weekend in Atlanta, Georgia.
• 1:14:15
  Speaker 8: Friday night, we have Neo.
• 1:14:18
  Speaker 10: We have.
• 1:14:20
  Speaker 2: Jagget Edge, I'm like j.
• 1:14:25
  Speaker 6: No just video Jagget Edge and Less Brown. We will
• 1:14:29
  Speaker 6: be interviewing Less Brown on Friday VIP night. Saturday, we
• 1:14:35
  Speaker 6: have Till Harper. We have Brian Leslie, we have Wall
• 1:14:40
  Speaker 6: Street Trapper, we have Man a bunch of people, too
• 1:14:46
  Speaker 6: many people. Sunday just added we have the Toro and
• 1:14:52
  Speaker 6: Airbnb paneled with Maddie Jane with Zoe, with Mitch Pushman,
• 1:14:59
  Speaker 6: Mitch and Alexia. Yeah, situation, wait for that. We also
• 1:15:06
  Speaker 6: have Ikey Johnson on Saturday. It just added him. We
• 1:15:10
  Speaker 6: have Max Maxwell, we have PJ Mvy, we have Fabulous
• 1:15:14
  Speaker 6: will be performing on Sunday.
• 1:15:17
  Speaker 5: Oh man, uh this this this guy from this, this
• 1:15:20
  Speaker 5: guy from Harlem, who might be in attendance, will definitely Henry, thank.
• 1:15:26
  Speaker 8: You, the mortgage guy. Uh, the master investor. He ain't
• 1:15:29
  Speaker 8: done left.
• 1:15:30
  Speaker 5: It will be what about our core in yours? Yes out,
• 1:15:38
  Speaker 5: Jim Jones, don't forget them up.
• 1:15:41
  Speaker 4: Nineteen keys, everything's top secret, Matty Jakes.
• 1:15:47
  Speaker 2: We we man.
• 1:15:49
  Speaker 8: We could keep going, but invest Fest go to invest
• 1:15:52
  Speaker 8: Fest dot com. Get your tickets. Two days left. I
• 1:15:56
  Speaker 8: want to see everybody there.
• 1:15:58
  Speaker 6: It will be a very, very enjoyable event, and we'll
• 1:16:01
  Speaker 6: be handing out eight thousand masks. We will be fully
• 1:16:06
  Speaker 6: responsible in practicing all COVID guidelines.
• 1:16:12
  Speaker 8: So yes, and we have a vendor.
• 1:16:13
  Speaker 6: Marketplace as well, with two hundred small business vendors that
• 1:16:16
  Speaker 6: have tables set up. It's gonna be it's gonna be experienced.
• 1:16:19
  Speaker 6: It's gonna be experience. It's gonna be experienced. Let's take
• 1:16:22
  Speaker 6: a couple more questions. Yeah, before we hit the wrap
• 1:16:25
  Speaker 6: on and Troy, if we can.
• 1:16:27
  Speaker 2: Yeah, let's do it. Let's uh, let's go to Uh.
• 1:16:31
  Speaker 5: It's got Isaiah, Isaiah, we're coming to you. I mute yourself.
• 1:16:33
  Speaker 5: You've been unmuted. What's going on?
• 1:16:35
  Speaker 2: My guy?
• 1:16:36
  Speaker 10: Good?
• 1:16:37
  Speaker 16: Are you to hear me?
• 1:16:38
  Speaker 2: Yeah? We hear you perfectly.
• 1:16:41
  Speaker 17: So I had a question about TURO in the Midwest,
• 1:16:44
  Speaker 17: specifically Detroit and maybe like the Cleveland area based out
• 1:16:48
  Speaker 17: of Toledo. But I've been looking at getting into TURO
• 1:16:52
  Speaker 17: and I guess the biggest concern that I have is, uh,
• 1:16:56
  Speaker 17: you know, the weather. So being in the Midwest, we're
• 1:16:58
  Speaker 17: gonna have like crappy weather for three to maybe four
• 1:17:01
  Speaker 17: months out the year. And I don't know if you
• 1:17:03
  Speaker 17: know anyone with experiencing that or what's your take.
• 1:17:08
  Speaker 7: That's a good question, of course. One of my one
• 1:17:10
  Speaker 7: of my statements is if it has wheels, it can
• 1:17:12
  Speaker 7: make a deal. But obviously weather impacts the capacity and
• 1:17:17
  Speaker 7: frequency of vehicles getting rented.
• 1:17:19
  Speaker 3: But here's the thing we have to ask ourselves. Even
• 1:17:23
  Speaker 3: in snowy weather, or whether that might be.
• 1:17:30
  Speaker 7: Unfortunate unfortunate, there's cars still on the road, and there's
• 1:17:34
  Speaker 7: individuals that still need to get to places. There's things
• 1:17:37
  Speaker 7: that still need to be cars that still need to
• 1:17:39
  Speaker 7: be griven, and they're individuals, whether we realize it or not,
• 1:17:42
  Speaker 7: that are gonna need vehicles even in storms and rainy
• 1:17:46
  Speaker 7: weather and mud, sleep or snow. There's people who need
• 1:17:50
  Speaker 7: vehicles Obviously it's not gonna be as a bigger market
• 1:17:53
  Speaker 7: than a sunny place where the weather is just always perfect,
• 1:17:56
  Speaker 7: but there's still warrants an opportunity for certain vehicles that
• 1:18:01
  Speaker 7: operate well to make sure that you can still be
• 1:18:05
  Speaker 7: able to generate income with these vehicles. Obviously, I'm not
• 1:18:07
  Speaker 7: going to try to rent out of Corvette, right, So
• 1:18:15
  Speaker 7: you just have to also be considerate.
• 1:18:17
  Speaker 3: And the best way to be considerate.
• 1:18:19
  Speaker 7: Of what cars you get is to make sure you
• 1:18:22
  Speaker 7: know who your audience is and have compassion to want
• 1:18:25
  Speaker 7: to serve them. So understanding their needs, understand their desires
• 1:18:29
  Speaker 7: what's going to help them will help you make the
• 1:18:33
  Speaker 7: informed decision.
• 1:18:34
  Speaker 8: Or what vehicles to put in the marketplace.
• 1:18:37
  Speaker 3: I don't live in Detroit, which means I don't know
• 1:18:40
  Speaker 3: the needs and desires of the.
• 1:18:42
  Speaker 7: People who need to be served in Detroit or Cleveland
• 1:18:46
  Speaker 7: or Chicago or anywhere in the Midwest.
• 1:18:49
  Speaker 3: You will best know that or and if you don't
• 1:18:51
  Speaker 3: know that.
• 1:18:52
  Speaker 7: What I would do is partner up or consult with
• 1:18:56
  Speaker 7: or pay somebody who's in that car rental space in
• 1:19:00
  Speaker 7: that city, in that state and ask for their mentorship,
• 1:19:04
  Speaker 7: are solicit solicit their services to help you make the
• 1:19:08
  Speaker 7: best decisions.
• 1:19:09
  Speaker 4: Mmm.
• 1:19:10
  Speaker 2: I like that. Yeah, you know what, Mattie Jay, I'm
• 1:19:15
  Speaker 2: thinking of it now.
• 1:19:15
  Speaker 5: It's like we gotta people really got to do the
• 1:19:18
  Speaker 5: data analytics of the demographic of where they're at, you
• 1:19:21
  Speaker 5: know what I'm saying, so to to know like hey,
• 1:19:23
  Speaker 5: do I need trucks? Are convertible is gonna work in
• 1:19:26
  Speaker 5: this environment? How many people are taking cabs and how
• 1:19:29
  Speaker 5: many people are taking ubers. It's like a whole process.
• 1:19:32
  Speaker 5: So you really got to really get into the data
• 1:19:35
  Speaker 5: analytics behind this.
• 1:19:36
  Speaker 10: Man.
• 1:19:36
  Speaker 2: This is this is really in depth.
• 1:19:38
  Speaker 10: Man.
• 1:19:38
  Speaker 7: That's not for anybody, but it does help to get
• 1:19:41
  Speaker 7: surgical And you don't have to be the surgical one
• 1:19:43
  Speaker 7: because everybody has different personality types and you just like
• 1:19:46
  Speaker 7: the smooth process. I don't want to partner over with
• 1:19:49
  Speaker 7: somebody who is the analytical.
• 1:19:50
  Speaker 3: One who can provide that data for you to help
• 1:19:53
  Speaker 3: you with those decisions.
• 1:19:54
  Speaker 7: For example, even in the courses that we have, everything
• 1:19:56
  Speaker 7: is detailed on how to do market research, how to
• 1:20:00
  Speaker 7: identify and make the proper decisions so you can run
• 1:20:02
  Speaker 7: the plate long term.
• 1:20:04
  Speaker 5: Yeah, I'm imagining people are saying now, like how do
• 1:20:06
  Speaker 5: I find my target audience? Well, these are some of
• 1:20:09
  Speaker 5: the things that you should be thinking if you're looking
• 1:20:11
  Speaker 5: like you want to make sure that the customer is
• 1:20:13
  Speaker 5: going to be obviously one thousand percent satisfied with the service.
• 1:20:17
  Speaker 2: So these are the things that you need to do.
• 1:20:19
  Speaker 5: It's kind of the same thing that you always say,
• 1:20:20
  Speaker 5: like even an investment man, do your research. Make sure
• 1:20:23
  Speaker 5: you do the analytics, because that will determine how successful.
• 1:20:25
  Speaker 2: You're going to be.
• 1:20:27
  Speaker 3: Exactly exactly.
• 1:20:31
  Speaker 4: Yeah, let's go to let's go to Xatric Exastric.
• 1:20:34
  Speaker 2: We're coming to you. I mut yourself. You've been on mute.
• 1:20:36
  Speaker 2: What's going on?
• 1:20:40
  Speaker 3: I've ever met.
• 1:20:43
  Speaker 10: Appreciate.
• 1:20:43
  Speaker 18: It's a combination of my parents name. They're from sierah leone.
• 1:20:47
  Speaker 18: But I don't really go here for a question. I
• 1:20:51
  Speaker 18: actually came to say thank you because I saw you
• 1:20:54
  Speaker 18: on a million dollars million dollars worth the game and
• 1:20:58
  Speaker 18: then talk to about og and then he went and
• 1:21:01
  Speaker 18: got on to row and he actually bought two cars.
• 1:21:03
  Speaker 10: And I'm working on.
• 1:21:05
  Speaker 18: Going to my credit right now so i can actually
• 1:21:07
  Speaker 18: get a car. But I'm from Atlanta, Atlanta, Okay, yeah,
• 1:21:13
  Speaker 18: but I'm at school right now. I'm actually in Missouri,
• 1:21:15
  Speaker 18: but I am flying in for a best Best on
• 1:21:18
  Speaker 18: Friday and the cool thing I'll come with my business
• 1:21:24
  Speaker 18: partner too. But yeah, I really just wanted to say
• 1:21:26
  Speaker 18: I really thank you to all of you guys, like
• 1:21:28
  Speaker 18: because what y'all doing it just it makes dreams possible
• 1:21:33
  Speaker 18: for like the things that I want to do. I've
• 1:21:36
  Speaker 18: seen you guys do it, and that's like the motivation
• 1:21:38
  Speaker 18: that I need. So it's really a thank you for
• 1:21:40
  Speaker 18: everything that you're doing.
• 1:21:42
  Speaker 2: That's real. That's love.
• 1:21:43
  Speaker 3: Man.
• 1:21:43
  Speaker 2: You know how we play it. In order to see
• 1:21:45
  Speaker 2: it or to be it, we got to see it first.
• 1:21:47
  Speaker 2: So I slewed everybody that that part.
• 1:21:54
  Speaker 8: University.
• 1:21:56
  Speaker 6: Biggest shout out, shout out to Lai up with the game,
• 1:22:01
  Speaker 6: will On Gilly my gos right there.
• 1:22:04
  Speaker 7: Man.
• 1:22:05
  Speaker 6: Yes, yes, it's not Information is something that you know,
• 1:22:09
  Speaker 6: we take for granted because we're in the space.
• 1:22:11
  Speaker 8: But it's liberating people.
• 1:22:13
  Speaker 3: We're liberations.
• 1:22:14
  Speaker 8: Oh my god, it's liberating people. Man. It's information is everything.
• 1:22:18
  Speaker 6: And so whether it's Airbnb, whether it's Toro, whether it's stocks,
• 1:22:22
  Speaker 6: whether it's crypto, whether it's real estate, whatever it is,
• 1:22:24
  Speaker 6: you know, just to be able to provide for your
• 1:22:26
  Speaker 6: family and create a new stream of income based off
• 1:22:29
  Speaker 6: of information that you learned is something.
• 1:22:31
  Speaker 8: That is really priceless.
• 1:22:33
  Speaker 6: So appreciated that has come on the platform to provide information,
• 1:22:38
  Speaker 6: and appreciate everybody that has taken the time to actually implement.
• 1:22:42
  Speaker 5: That's in fact man information on us, execution on you, Maddie.
• 1:22:46
  Speaker 5: I wrote that bar Man, in order to get passive,
• 1:22:48
  Speaker 5: we got to be active first. That's a bar. That's
• 1:22:51
  Speaker 5: a bar. Let's go to Michelle. Michelle, we come to you.
• 1:22:54
  Speaker 5: Mute yourself. You've been on muted? What's going on?
• 1:22:56
  Speaker 8: Good evening everyone?
• 1:22:57
  Speaker 10: How's everyone doing?
• 1:22:59
  Speaker 2: We are blessed? How are you less?
• 1:23:01
  Speaker 4: That's where best and highly favored?
• 1:23:03
  Speaker 2: Wow.
• 1:23:04
  Speaker 18: So what I would like to find out is about
• 1:23:06
  Speaker 18: at what point do you unload your cars to say okay,
• 1:23:09
  Speaker 18: I need to sell them because of knowledge?
• 1:23:10
  Speaker 8: And do you also do unlimited knowledge rental?
• 1:23:13
  Speaker 2: Good question.
• 1:23:14
  Speaker 7: So again everything is based on your personal just agrembable
• 1:23:17
  Speaker 7: business owners. How you operate your business is going to
• 1:23:20
  Speaker 7: be different from how somebody else operates the business, unless
• 1:23:22
  Speaker 7: it's a franchise. Obviously, Subway has to operate it the
• 1:23:25
  Speaker 7: same way that lot of someone does. So what I
• 1:23:28
  Speaker 7: do is provide frameworks and options that people do. So
• 1:23:32
  Speaker 7: one option is they say, yo, for example, hurts after
• 1:23:35
  Speaker 7: vehicles hit the thirty thousand dollars thirty thousand mile mark, we.
• 1:23:40
  Speaker 3: Go ahead and sell it. But they do that because
• 1:23:42
  Speaker 3: their business model is different. They get these vehicles at.
• 1:23:45
  Speaker 7: Wholesale rates, meaning a car that might retail for thirteen
• 1:23:50
  Speaker 7: thousand dollars they might get for seven thousand dollars.
• 1:23:54
  Speaker 3: They'll run up the bag renting the.
• 1:23:56
  Speaker 7: Vehicle up to thirty thousand dollars to give you a
• 1:23:58
  Speaker 7: because they can afford to give you a limited and
• 1:24:00
  Speaker 7: then sell it for the same price that is going
• 1:24:03
  Speaker 7: for retail.
• 1:24:03
  Speaker 3: So they profit from selling the car and from renting
• 1:24:07
  Speaker 3: the car.
• 1:24:07
  Speaker 5: Right.
• 1:24:08
  Speaker 3: But if that's not your business model, that might not
• 1:24:10
  Speaker 3: make sense to give unlimited miles.
• 1:24:13
  Speaker 2: Right.
• 1:24:13
  Speaker 7: So, if your business model is you purchase a car
• 1:24:16
  Speaker 7: at its almost peak price, you might now have to
• 1:24:20
  Speaker 7: limit the miles, which is the most the case that
• 1:24:21
  Speaker 7: are most people on the touro marketplace, and usually limit
• 1:24:25
  Speaker 7: to anywhere from one hundred miles per day to three
• 1:24:28
  Speaker 7: hundred miles per day, depending on what vehicle you have.
• 1:24:31
  Speaker 7: If you have an economy car that is supposed to
• 1:24:35
  Speaker 7: be driven long term, it might not be reasonable to
• 1:24:38
  Speaker 7: limit your knowledge, your guest knowledge t one hundred miles
• 1:24:41
  Speaker 7: per day because they're going to be driving the right
• 1:24:43
  Speaker 7: from one area to another, one area to another.
• 1:24:46
  Speaker 3: So again it depends on your business model, the vehicle
• 1:24:49
  Speaker 3: that you have, your.
• 1:24:50
  Speaker 7: Revenue model, and what you ultimately want to do for
• 1:24:53
  Speaker 7: your circumstanced situation and scenario. But again those are the
• 1:24:56
  Speaker 7: different options that people have done, like Hurts, people with
• 1:25:00
  Speaker 7: luxury cars, people in economy cars.
• 1:25:02
  Speaker 8: I personally have.
• 1:25:03
  Speaker 7: Mainly luxury cars from entry level, mid level and exotic cars,
• 1:25:07
  Speaker 7: and all our cars I have one hundred mile limit
• 1:25:10
  Speaker 7: and anybody who goes over that limit pays a fee
• 1:25:13
  Speaker 7: from anywhere from sixty cents per mile to a dollar
• 1:25:15
  Speaker 7: a mile.
• 1:25:16
  Speaker 3: And that's well communicated beforehand.
• 1:25:19
  Speaker 2: Thanks, thank you very much, Thank you, Michelle.
• 1:25:22
  Speaker 6: And do remember Maddie Jay is a master teacher and
• 1:25:26
  Speaker 6: he also has a course where he actually teaches the
• 1:25:29
  Speaker 6: ins and outs of not just total but the car
• 1:25:31
  Speaker 6: rental game. And as Na said on his new album,
• 1:25:35
  Speaker 6: he said, I invest in education because he wasn't privy,
• 1:25:38
  Speaker 6: and that was something that really struck with me, like
• 1:25:40
  Speaker 6: I invest in education, Like that's something that you know,
• 1:25:44
  Speaker 6: I invest in education.
• 1:25:45
  Speaker 8: As I said, I brought Wall Street Trappers course.
• 1:25:47
  Speaker 6: I brought a couple of different courses for family members,
• 1:25:50
  Speaker 6: sometimes even put myself. So if you're interested in learning
• 1:25:55
  Speaker 6: even more and going into detail and like he said,
• 1:25:58
  Speaker 6: as far as like you know, videos and slides and
• 1:26:00
  Speaker 6: different things in that nation, check it out and we
• 1:26:04
  Speaker 6: have a discount five hundred dollars off exclusively for ourn
• 1:26:08
  Speaker 6: your leisure. The website is eyl Rental game dot com.
• 1:26:12
  Speaker 8: So I'll pin it. I'll pin the website in the
• 1:26:16
  Speaker 8: YouTube section. It also be in the description of this video.
• 1:26:20
  Speaker 3: All the earners who already got tapped in and wrapped in.
• 1:26:23
  Speaker 6: That's very important, very important. If you're not invested in
• 1:26:29
  Speaker 6: your education, what are you investing?
• 1:26:33
  Speaker 7: So the main thing is is even just the education,
• 1:26:35
  Speaker 7: it's also the spirit of being around other individuals who
• 1:26:40
  Speaker 7: are on the same community.
• 1:26:41
  Speaker 8: Community.
• 1:26:41
  Speaker 6: Well, that's the thing about Uyi University. Ui University is
• 1:26:44
  Speaker 6: over eight nine thousand people. It's one of these things
• 1:26:48
  Speaker 6: where you always achieve more when you're surrounded by other people. So, yes,
• 1:26:53
  Speaker 6: the community aspect of these platforms are.
• 1:26:57
  Speaker 5: Yeah, the craziest part is that people and looking for
• 1:27:00
  Speaker 5: it right, that there's so many times you have conversations
• 1:27:03
  Speaker 5: like I was looking for somebody who was thinking like this.
• 1:27:06
  Speaker 4: So I'm glad that you created something. So shout out
• 1:27:08
  Speaker 4: to all the earners.
• 1:27:09
  Speaker 5: Shout everybody that's been tapped in, man and again, ask
• 1:27:12
  Speaker 5: you on the information, which is the most important thing.
• 1:27:14
  Speaker 5: We don't want to just hold it. We don't want
• 1:27:16
  Speaker 5: to be holders information. We actually want to put it
• 1:27:18
  Speaker 5: into play. So shout to y'all.
• 1:27:20
  Speaker 6: Troy, can you put the link in the in the zoom? Also,
• 1:27:23
  Speaker 6: I just texted to you. I put it in YouTube.
• 1:27:25
  Speaker 2: Yep, I got you right now. I got you right now.
• 1:27:27
  Speaker 6: That is definitely like I said, it's five hundred dollars
• 1:27:30
  Speaker 6: off if you use that link only for that link.
• 1:27:32
  Speaker 8: So tap in, tap outwice is yours.
• 1:27:37
  Speaker 4: Hey, you've been sitting next to Maddy a little too low.
• 1:27:43
  Speaker 2: Heyo. It started like the sauce is like transferable now,
• 1:27:48
  Speaker 2: like what's going on?
• 1:27:52
  Speaker 8: Activation? Activation? All right, let's get like one more question, Troy.
• 1:27:57
  Speaker 4: Let's go to uh, let's let's see who we gotta.
• 1:28:00
  Speaker 4: Let's go to Keith.
• 1:28:02
  Speaker 2: We're coming to you. I mute yourself. You've been immute that.
• 1:28:04
  Speaker 2: What's going on?
• 1:28:05
  Speaker 16: Keith Pace Space space.
• 1:28:08
  Speaker 3: Got the royal beard.
• 1:28:09
  Speaker 4: That is that's a king's yo, that's a king's I'm
• 1:28:13
  Speaker 4: about to go shave.
• 1:28:15
  Speaker 16: Too bad, Too bad, We'll wear masks.
• 1:28:17
  Speaker 7: Bro.
• 1:28:18
  Speaker 16: You see that investments I have flourished.
• 1:28:22
  Speaker 2: The beard is flourishing.
• 1:28:23
  Speaker 14: Love it, Yeserve.
• 1:28:26
  Speaker 19: So I had a question in regards to analyzing, analyzing
• 1:28:31
  Speaker 19: the uh, the market as far as as far as
• 1:28:35
  Speaker 19: I'm trying to choose what car right I want to
• 1:28:37
  Speaker 19: get right now? I'm I'm I live in Georgia near Atlanta,
• 1:28:40
  Speaker 19: but I'm not in Atlanta, So I was trying to probably,
• 1:28:42
  Speaker 19: like you, try to get outside the outskirts of Atlanta.
• 1:28:45
  Speaker 19: So I was trying to see, how's what's the best
• 1:28:46
  Speaker 19: way to analyze the market in general?
• 1:28:50
  Speaker 3: Yeah.
• 1:28:50
  Speaker 7: Again, I utilized Facebook Marketplace a lot because it allowed
• 1:28:53
  Speaker 7: us to have a playground and connect with individuals who
• 1:28:56
  Speaker 7: are nearby, you like thirty miles, five miles, ten miles
• 1:29:00
  Speaker 7: the other pandemic. I was able to sell two million
• 1:29:02
  Speaker 7: dollars worth of gym equipment using Facebook Marketplace.
• 1:29:05
  Speaker 3: Right, I didn't have to go out do Facebook ads.
• 1:29:08
  Speaker 7: All I did was utilize a platform that brought me
• 1:29:10
  Speaker 7: together with people who my neighbors. Basically so that's what
• 1:29:14
  Speaker 7: I'll do. So, like I mentioned the podcast, I have
• 1:29:17
  Speaker 7: a house that's an hour away from Atlanta. If you
• 1:29:19
  Speaker 7: know Loganville, right, That's what I'll do is realize that
• 1:29:23
  Speaker 7: people in Loganville, there's not a Hurts out there, there's
• 1:29:25
  Speaker 7: no enterprise out there, So they have to drive all
• 1:29:27
  Speaker 7: the way to a.
• 1:29:28
  Speaker 3: City to rent a car in the city that they
• 1:29:31
  Speaker 3: need to actually use the car in it. So if
• 1:29:33
  Speaker 3: they get in an accident where.
• 1:29:34
  Speaker 7: They have to get the cars from the city, why
• 1:29:36
  Speaker 7: would they have to get the city when they have
• 1:29:38
  Speaker 7: Keith in their same exact city where they are probably
• 1:29:43
  Speaker 7: ten houses down the block from and they can run
• 1:29:46
  Speaker 7: from you directly. It's just a matter of knowing again
• 1:29:48
  Speaker 7: where the playmakers playgrounds are.
• 1:29:52
  Speaker 3: That's how I run those places.
• 1:29:53
  Speaker 7: When it comes to markets that are the airport or
• 1:29:57
  Speaker 7: the cities that are at the Los Angeles, Miami, Houston,
• 1:30:00
  Speaker 7: and Vegas.
• 1:30:02
  Speaker 16: So we seen you use the Facebook marketplace. There's an
• 1:30:05
  Speaker 16: actual like actual section in there you go to or
• 1:30:07
  Speaker 16: you just do it.
• 1:30:08
  Speaker 7: Yeah, when you list to any type of item for
• 1:30:10
  Speaker 7: sale or even offer. You can list items, you can
• 1:30:13
  Speaker 7: list services, you can list, you can do a lot
• 1:30:15
  Speaker 7: on Facebook mark race and you can point who and
• 1:30:18
  Speaker 7: what area you want to target. So when I was
• 1:30:21
  Speaker 7: selling the gym equipment, I was targeting anybody who lived
• 1:30:24
  Speaker 7: in the thirty mile radius, and I found the groups
• 1:30:28
  Speaker 7: that there is doing garage sales and I'll post them there.
• 1:30:31
  Speaker 7: Hey guys, I got gym equipment available. Everybody will blow
• 1:30:34
  Speaker 7: up my DM, my private messages. It's just it's again,
• 1:30:37
  Speaker 7: it's just a matter of allowing the people around you
• 1:30:40
  Speaker 7: to be aware of your services. And that's just again
• 1:30:43
  Speaker 7: utilizing tools and marketplaces like Facebook, cragslist, even offer up.
• 1:30:48
  Speaker 7: There's a dope tool that I used to use all
• 1:30:50
  Speaker 7: the time. And then of course as you build your clientele,
• 1:30:53
  Speaker 7: where their mouth starts to kick in.
• 1:30:55
  Speaker 16: Okay, because I utilize all those platforms you mentioned it,
• 1:30:58
  Speaker 16: I guess it's the matter is using them in just
• 1:31:01
  Speaker 16: practicing using him and how to implement.
• 1:31:03
  Speaker 3: Surprise man as soon as people actually tap into it.
• 1:31:05
  Speaker 3: A lot of people don't actually execute this specific method
• 1:31:08
  Speaker 3: at all.
• 1:31:08
  Speaker 7: I don't know why, but I guarantee you as soon
• 1:31:12
  Speaker 7: as you listed on faceboo mark but you're gonna get
• 1:31:14
  Speaker 7: inquires within twenty four hours.
• 1:31:17
  Speaker 3: Who actually did it?
• 1:31:18
  Speaker 7: They let me know they just screeched on, bro, I
• 1:31:20
  Speaker 7: just listened. I've already got seven messages for somebody who
• 1:31:22
  Speaker 7: wants to run out of my car.
• 1:31:23
  Speaker 3: For a week to fifty a week.
• 1:31:26
  Speaker 16: Nice, nice, Okay, I appreciate that.
• 1:31:28
  Speaker 2: We definitely Keith, appreciate you, Marian.
• 1:31:31
  Speaker 6: No problem man peace, sure, appreciate appreciate it all right,
• 1:31:36
  Speaker 6: all right, ladies and gentlemen, shout.
• 1:31:39
  Speaker 7: Out my team, my team, my fact, my wife. I
• 1:31:43
  Speaker 7: want to shout out everybody who helps this education. You
• 1:31:47
  Speaker 7: see a smile on my face.
• 1:31:48
  Speaker 3: Imagine if I was stressed, I would not be a
• 1:31:50
  Speaker 3: wanted to share this information.
• 1:31:52
  Speaker 7: But the reason why I'm not stressed, but I'm blessed
• 1:31:54
  Speaker 7: is because my team and of course God that log
• 1:31:56
  Speaker 7: game for putting me on and again that courses eylaform
• 1:32:00
  Speaker 7: from taking the time for us to have a platform
• 1:32:02
  Speaker 7: and an outlet.
• 1:32:03
  Speaker 3: To share the situation.
• 1:32:05
  Speaker 8: Appreciate you guys all then you have it, ladies and gentlemen.
• 1:32:08
  Speaker 8: Maddie definitely came with the full team.
• 1:32:10
  Speaker 6: More people in us. Yes, yes, ladies and gentlemen. Always
• 1:32:19
  Speaker 6: a pleasure EYL University. Once again, this is something that
• 1:32:22
  Speaker 6: we do every single week at Eyo University, where we
• 1:32:25
  Speaker 6: have experts in the field, best in class, and they
• 1:32:28
  Speaker 6: come and they get presentations and they answer questions, and
• 1:32:31
  Speaker 6: then we have monthly financial planning calls.
• 1:32:34
  Speaker 8: We have biweekly real estate call also including Eyo University.
• 1:32:37
  Speaker 6: It's empty the mortgage guys, the print which goes over
• 1:32:41
  Speaker 6: everything you need to know as far as how to
• 1:32:42
  Speaker 6: buy real estate, the best practices and commercial lending and
• 1:32:46
  Speaker 6: all of that kind of stuff. Troy does the movie club,
• 1:32:49
  Speaker 6: book club, We have a Facebook group, and we have
• 1:32:52
  Speaker 6: an Infinity group that I'm extremely proud of. So the
• 1:32:55
  Speaker 6: best way to actually learn is from each other. So
• 1:32:59
  Speaker 6: even more so than us having a relationship with other people.
• 1:33:02
  Speaker 6: There are rising stars shout to Alistair from the Crypto Club,
• 1:33:07
  Speaker 6: shout to everybody, but they're rising stars inside of the
• 1:33:11
  Speaker 6: Eyle University and we we forced that. So Janet, who
• 1:33:16
  Speaker 6: is our I don't even want to call her. Yeah,
• 1:33:21
  Speaker 6: she's everything for us. And she started as somebody that
• 1:33:24
  Speaker 6: was inside of eyl University. That's just adding so much
• 1:33:27
  Speaker 6: value to Eyo University. And it's like she was working
• 1:33:30
  Speaker 6: at Fidelity and she had a nice job, nice paying
• 1:33:34
  Speaker 6: job in Fidelity, and we paid her more and Fidelity
• 1:33:39
  Speaker 6: was paying.
• 1:33:39
  Speaker 8: Her because value.
• 1:33:44
  Speaker 2: They didn't see the true word.
• 1:33:46
  Speaker 6: You had to pay her more and provided up with
• 1:33:48
  Speaker 6: a four one K health insurance all that. You know,
• 1:33:52
  Speaker 6: so black woman. So it's extremely important to have that community,
• 1:33:56
  Speaker 6: as you said, and that's like that we built with
• 1:33:58
  Speaker 6: ey University. So if you're interested, go to eyl university
• 1:34:01
  Speaker 6: dot com and check us out. And then once again,
• 1:34:07
  Speaker 6: don't forget invest Fast extremely important. It will be something
• 1:34:12
  Speaker 6: that will be documented in time and will be a
• 1:34:16
  Speaker 6: living document for the times that we're in right now.
• 1:34:19
  Speaker 6: It will be archive and it will be a capsule
• 1:34:23
  Speaker 6: just like what's stop, very very similar when you watch
• 1:34:29
  Speaker 6: the documentary on twenty twenty one, invest Fast.
• 1:34:34
  Speaker 3: The top part of that time one.
• 1:34:35
  Speaker 8: So sure, don't don't miss this opportunity to be a
• 1:34:41
  Speaker 8: part of history. I can't work, man, that's a fact.
• 1:34:45
  Speaker 2: Sure yo.
• 1:34:47
  Speaker 10: Man.
• 1:34:47
  Speaker 5: Again, I just want to thank everybody for their thoughts
• 1:34:50
  Speaker 5: and prayers. Obviously was dealing with a medical situation.
• 1:34:55
  Speaker 2: But I'm back.
• 1:34:56
  Speaker 5: I'm back, and I'm happy to be back, and I'm
• 1:34:57
  Speaker 5: happy to be with my brothers man. And shout out
• 1:34:59
  Speaker 5: to the whole Shout out to to Mike and Jamal
• 1:35:02
  Speaker 5: and Rich and Bim and obviously Janet and my family
• 1:35:06
  Speaker 5: and everybody that had well wishes and investments.
• 1:35:10
  Speaker 2: Manu.
• 1:35:11
  Speaker 5: Monumentals is the word, and so we we are looking
• 1:35:14
  Speaker 5: forward to it, to seeing everybody, and we're looking forward
• 1:35:19
  Speaker 5: to creating history together. It's bigger than us and that's why,
• 1:35:22
  Speaker 5: you know, you don't really see our name on it.
• 1:35:24
  Speaker 5: It's really about the people that are coming uh to
• 1:35:27
  Speaker 5: share knowledge, to share information and potentially create business partners
• 1:35:32
  Speaker 5: in the long term and short term.
• 1:35:34
  Speaker 2: So we're looking forward to it. Uh. It was.
• 1:35:37
  Speaker 5: It's been a crazy seventy five days, but the time
• 1:35:40
  Speaker 5: has come, so I hope you all ready.
• 1:35:43
  Speaker 6: Yeah, and Troy definitely is back in the flesh as
• 1:35:46
  Speaker 6: a great philosopher. Cameron Galas once said, you'd be all
• 1:35:49
  Speaker 6: right man, right man, yeah every day.
• 1:35:55
  Speaker 9: Yeah, yeah, yeah, yes, that's a fact that a fat
• 1:36:05
  Speaker 9: yeah he Jay, we appreciate you.
• 1:36:07
  Speaker 5: I'm gonna give you your proper outro and we might
• 1:36:10
  Speaker 5: have to do a mic drop on it. That is
• 1:36:11
  Speaker 5: c to the EO Maddy.
• 1:36:16
  Speaker 8: My Dog Don't forget e y L rentalgame dot com.
• 1:36:20
  Speaker 6: Maddiej's cost five hundred dollars off that link special link
• 1:36:24
  Speaker 6: if you're interested in taking it to the next level.
• 1:36:26
  Speaker 6: We will see you guys at invest Fest on Friday,
• 1:36:31
  Speaker 6: and this will also be on podcast outlets on Friday
• 1:36:33
  Speaker 6: as well.
• 1:36:34
  Speaker 8: So tap in through.
• 1:36:35
  Speaker 6: Something with the information, take care of yourselves, and uh yeah,
• 1:36:40
  Speaker 6: we'll see you soon.
• 1:36:41
  Speaker 2: Yeah. Man, we might need to run a coffee on
• 1:36:42
  Speaker 2: y'all one day, so make sure y'all get it up
• 1:36:44
  Speaker 2: and going all right, love us, love y'all, peace, all right.
• 1:36:50
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 1:36:53
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 1:36:57
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 1:37:02
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 1:37:06
  Speaker 1: some of the heinous migrant criminals caught because of President
• 1:37:09
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 1:37:13
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 1:37:18
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 1:37:21
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 1:37:25
  Speaker 1: are here illegally, your next you will be fined nearly
• 1:37:29
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 1:37:33
  Speaker 1: never return. But if you register using our CBP home
• 1:37:36
  Speaker 1: app and leave now. You could be allowed to return legally.
• 1:37:40
  Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
• 1:37:45
  Speaker 1: border and families will be protected.
• 1:37:48
  Speaker 2: Sponsored by the United States Department of Homeland Security,