Latest / Earn Your Leisure / EYL #128 Grant Cardone on the Rich Avoiding Taxes, Business & Real Estate

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EYL #128 Grant Cardone on the Rich Avoiding Taxes, Business & Real Estate · Earn Your Leisure

• 0:00
  Speaker 1: Coach, the energy out there felt different. What changed for
• 0:03
  Speaker 1: the team today?
• 0:03
  Speaker 2: It was the new game day scratches from the California
• 0:06
  Speaker 2: Lottery players.
• 0:07
  Speaker 3: Everything.
• 0:07
  Speaker 2: Those games sent the team's energy through the roof.
• 0:09
  Speaker 1: Are you saying it was the off field play that
• 0:11
  Speaker 1: made the difference on the field.
• 0:13
  Speaker 2: Hey, little play makes your day, and today it made
• 0:15
  Speaker 2: the game. That's all of now, Coach, one more question.
• 0:18
  Speaker 4: Play the new Los Angeles Chargers, San Francisco forty nine
• 0:21
  Speaker 4: ers and Los Angeles Rams scratchers from the California Lottery.
• 0:25
  Speaker 4: A little play can make your day. Peace made responsibilit
• 0:28
  Speaker 4: must be eighteen years or older to purchase late or claim.
• 0:30
  Speaker 3: What's going on?
• 0:30
  Speaker 5: Earns Welcome to EYL University, the number one place for
• 0:34
  Speaker 5: business education.
• 0:35
  Speaker 6: Shoty Tale will be bringing yes. EYL University already has
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  Speaker 6: over one hundred past webinars from all areas of business.
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• 0:46
  Speaker 6: to our Investment Facebook group, movie Club, our book club.
• 0:50
  Speaker 6: It also includes access to monthly financial planning calls for
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• 0:57
  Speaker 6: MG the Mortgage Guy's Home Buyers Blueprint over fourteen hours
• 1:00
  Speaker 6: everything you need to know as far as the home
• 1:02
  Speaker 6: buying process is concerned. And also what has been added
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• 1:09
  Speaker 6: a month, Me, Troy and the whole team is gonna
• 1:11
  Speaker 6: let you in on our personal plays, our portfolio, what
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  Speaker 6: Don't wait, don't have to take it.
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  Speaker 5: We'll see you on the other side.
• 1:31
  Speaker 7: My graduates from my school being force backdrop.
• 1:36
  Speaker 6: Bag drop, Mike drop backdrop drop. All right, guys, welcome
• 1:51
  Speaker 6: back EYL. This is a legendary episode. You notice the
• 1:55
  Speaker 6: backdrop is different, a little different.
• 1:58
  Speaker 3: We should have done that. You gotta get a shout
• 2:01
  Speaker 3: of that.
• 2:01
  Speaker 6: Yeah, for sure. For so you know, legends only, that's
• 2:06
  Speaker 6: that's all moderate ship. This is the legends only edition. Yeah,
• 2:09
  Speaker 6: we did a lot of legends. Mark Cuban of course,
• 2:12
  Speaker 6: the legendary Mark cubanello' neil absolutely Wow. Way, Dwyane Wade Wow,
• 2:18
  Speaker 6: Gary Vee Wow. Percy Miller master p.
• 2:21
  Speaker 3: He was in town for Saturday. I was supposed for us.
• 2:24
  Speaker 6: Yeah, so so so this is right in that in
• 2:29
  Speaker 6: that vein grant. Card Don't needs no introduction, but I'll
• 2:31
  Speaker 6: give them one. One of the greatest entrepreneurs of our generation.
• 2:34
  Speaker 6: CEO of card On Capitol where we are right now,
• 2:36
  Speaker 6: very impressive studio and building. Thank you for having us,
• 2:39
  Speaker 6: like international speaker, entrepreneur, best selling author, ten I actually
• 2:44
  Speaker 6: have TXT book I read. Yeah, real estate investor. I
• 2:49
  Speaker 6: mean one point four billion, correct.
• 2:50
  Speaker 3: Me, just cut me for nine hundred million dollars man. Yeah,
• 2:56
  Speaker 3: we're two point three billion breaking. I gotta go kill myself.
• 3:02
  Speaker 3: Something just happened. It's the worst Sunday of my life.
• 3:05
  Speaker 6: So two point three billion, yeah, yeah, two point three
• 3:08
  Speaker 6: billion and mostly multi family property. Yeah, throughout the United
• 3:11
  Speaker 6: States of America. Host of the ten Next conference, which
• 3:15
  Speaker 6: is a huge, huge, huge, huge deal to create. I
• 3:19
  Speaker 6: believe it is.
• 3:20
  Speaker 3: It's true.
• 3:20
  Speaker 6: And Dan you're are you the creator of Undercover Billionaire?
• 3:23
  Speaker 3: No, I'm not the creator of it. I was the
• 3:25
  Speaker 3: star this year the second season of Undercover Billionaire for
• 3:28
  Speaker 3: Discovery Plus. So you got to cut the hero look
• 3:31
  Speaker 3: just like you man, People like Troy.
• 3:34
  Speaker 6: Troy is in public, So I mean we can go
• 3:37
  Speaker 6: on and on, but first and foremost, thank you for
• 3:39
  Speaker 6: having us. Thank you. I appreciate it.
• 3:41
  Speaker 3: You come. Thank you guys for taking interest in what
• 3:43
  Speaker 3: I'm doing. Yeah, and let's get you guys the throne.
• 3:48
  Speaker 3: I want this to be the number one podcast show
• 3:51
  Speaker 3: for business in the world, your show.
• 3:53
  Speaker 6: We're close.
• 3:54
  Speaker 3: I'm gonna do what I can to push you guys.
• 3:56
  Speaker 6: That's away. I appreciate it. I appreciate it. So let's
• 4:00
  Speaker 6: get into it, all right. I want to start with
• 4:01
  Speaker 6: real estate, right, because you have an interesting philosophy on
• 4:04
  Speaker 6: real estate. Most of the time we grow up and
• 4:07
  Speaker 6: most people middle class people, working class people. Yeah. Yeah,
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  Speaker 6: the home is the biggest purchase. Yeah, the biggest investment. Yeah,
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  Speaker 6: thing that they you know, you work and you purchase
• 4:17
  Speaker 6: on your equity. You can refinance, you can pass it down.
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  Speaker 6: All of this stuff you say, do not the home
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  Speaker 6: that you live and you should not buy.
• 4:27
  Speaker 3: That's right.
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  Speaker 6: Your home is not an asset, that's right. But you
• 4:30
  Speaker 6: have over two billion dollars in real estate, so you
• 4:33
  Speaker 6: believe in real estate, but you don't believe in your home.
• 4:36
  Speaker 3: Now, I believe a home is a place to live, right,
• 4:39
  Speaker 3: It's a place to live. You want food, you go
• 4:41
  Speaker 3: get food. You want a refrigerator, you want to keep
• 4:43
  Speaker 3: your food cold, and a refrigerator. You get a refrigerator.
• 4:46
  Speaker 3: You want a place to keep your refrigerator. Rent the house.
• 4:49
  Speaker 3: You could rent the refrigerator too. They let me rent food.
• 4:51
  Speaker 3: I would I just want to use it. I just
• 4:55
  Speaker 3: want to use it and move on. I don't want
• 4:58
  Speaker 3: to I don't want to be stuck there. Mobility the
• 5:00
  Speaker 3: ability to move to go places on this planet. Okay, Look,
• 5:05
  Speaker 3: if you look at Detroit. If you were invested in
• 5:07
  Speaker 3: a single family home on the wrong side of Detroit
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  Speaker 3: in the last twenty years, you lost your money. Look
• 5:12
  Speaker 3: at hundred hundreds of millions of people in America lost
• 5:15
  Speaker 3: all their equity, all their money being invested in two
• 5:18
  Speaker 3: thousand and seven. In two thousand and eight, still people
• 5:21
  Speaker 3: underwater and homes. But what happens is see the banks. Okay,
• 5:25
  Speaker 3: this is the whole. This is why, like the system
• 5:28
  Speaker 3: is so corrupt. Okay, it's and I grew up with
• 5:31
  Speaker 3: a single mother and my dad died when I was ten,
• 5:34
  Speaker 3: and the house was paid for. They did the Grandpa Dave,
• 5:39
  Speaker 3: Grandpaul Dave, y'all know Grandpa Dave right, don't buy coffee, okay,
• 5:44
  Speaker 3: ride a bike to work, don't, don't use a car.
• 5:49
  Speaker 3: And oh, by the way, the only thing you should
• 5:51
  Speaker 3: borrow money for is a house. It's completely stupid, it's antiquated,
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  Speaker 3: it is to really literally, it's a corrupt system that
• 5:57
  Speaker 3: is built to create it's slavery because what happens is
• 6:02
  Speaker 3: once I buy that house, it's a thirty year mortgage.
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  Speaker 3: I'm twenty seven years old. I'm in that house. I
• 6:07
  Speaker 3: could be in that house till I'm fifty seven years old. Okay,
• 6:10
  Speaker 3: I should have taken that same five percent or ten percent.
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  Speaker 3: Now it's twenty percent, and I should have taken that
• 6:15
  Speaker 3: money invested in myself in a business. Me and a
• 6:18
  Speaker 3: business can move. It can move, it can grow, it
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  Speaker 3: can get big. The house can't grow if it's three
• 6:23
  Speaker 3: thousand square feet unless you're going to spend more money
• 6:25
  Speaker 3: on it's not going to get bigger, and you're never
• 6:27
  Speaker 3: gonna move it. And nobody's gonna come to your house
• 6:28
  Speaker 3: and give you money. No business has ever been done
• 6:31
  Speaker 3: in a home. So some of your viewers going to say, oh, yeah,
• 6:34
  Speaker 3: Henry Ford started in a garage and Steve Jobs started
• 6:38
  Speaker 3: in a garage. Yeah, but they didn't get rich staying there.
• 6:40
  Speaker 3: They left the garage. They left the garage to go
• 6:44
  Speaker 3: build a business. And so all I'm saying to you,
• 6:47
  Speaker 3: I moved seven times, Okay, Warren Buffett's had one house
• 6:50
  Speaker 3: in one car Mark Cuban. Mark Cuban's never going to
• 6:53
  Speaker 3: say I bought I bought houses and that's how I
• 6:56
  Speaker 3: became a billionaire. No, he invested in his business, he
• 6:58
  Speaker 3: invested in his idea, he got better at his game.
• 7:02
  Speaker 3: So to me, a house is a place to live,
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  Speaker 3: maybe raise my family, hopefully do a good job of
• 7:08
  Speaker 3: doing that, you know, and it's place to be protected.
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  Speaker 3: But I don't have to own it. I don't have
• 7:14
  Speaker 3: to own it. I could rent it. And then every
• 7:16
  Speaker 3: fourteen months or every time the landlord's not treat me right,
• 7:20
  Speaker 3: I'm like, you know what, I'm out of here, man,
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  Speaker 3: I'm gonna go to a new deal, maybe a new city,
• 7:24
  Speaker 3: a new place.
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  Speaker 5: But your real estate journey, right, So you've gotten to
• 7:28
  Speaker 5: this point of the billions. But it started, it's aid
• 7:30
  Speaker 5: at fifteen, and so I'm like, fifteen, what was that
• 7:33
  Speaker 5: process like when you were driving around looking for homes
• 7:36
  Speaker 5: with somebody that was with you and then what was
• 7:38
  Speaker 5: that process up until getting your first home.
• 7:40
  Speaker 6: I know it was a single family.
• 7:41
  Speaker 3: Yeah yeah, what she said, I'm never doing it again.
• 7:43
  Speaker 3: Yeah yeah yeah. So what happened was the first lesson
• 7:46
  Speaker 3: I got was at ten years old, when my dad passed.
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  Speaker 3: My mom had to sell the house the next week.
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  Speaker 3: This was a home that was paid for in a
• 7:54
  Speaker 3: good location, by the way, but she couldn't keep it up.
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  Speaker 3: She was worried about the maintenance of the house. She
• 8:00
  Speaker 3: dumped the house. She did the responsible thing. She was terrified.
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  Speaker 3: She had no money coming in, and that was the
• 8:05
  Speaker 3: day I learned about it. I almost wore my cash
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  Speaker 3: flow shirt to that should have cash flow is king man,
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  Speaker 3: the ability to have cash coming in without me having
• 8:12
  Speaker 3: to work. And my mom's the cash flow got stopped
• 8:15
  Speaker 3: because my dad stopped. Okay, my dad died, right, So
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  Speaker 3: she had to dump the house, cash in the life
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  Speaker 3: insurance and start selling stocks that she had so she
• 8:24
  Speaker 3: could accumulate cash and hold onto it. She became a
• 8:27
  Speaker 3: hoarder because she was scared. A hoarder, right, She was scared,
• 8:31
  Speaker 3: so she was trying to just hold on the money.
• 8:33
  Speaker 3: We sold the house downscaled at that moment, I'm like, oh,
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  Speaker 3: that house was not an asset. That house became a
• 8:40
  Speaker 3: liability for my mother because she couldn't maintain it property taxes, electricity, utilities,
• 8:45
  Speaker 3: and upkeep. She didn't want that obligation in that liability.
• 8:49
  Speaker 3: Even though the house was paid for, She dumped it,
• 8:51
  Speaker 3: moved to a smaller house. She should have rented. That's
• 8:53
  Speaker 3: what she should have done. That way, she wouldn't have
• 8:55
  Speaker 3: been out any money, and she had the mobility to
• 8:57
  Speaker 3: move around the town as she wanted to. So I
• 9:01
  Speaker 3: repeated that mistake when I was twenty eight years old
• 9:03
  Speaker 3: because I was lazy. I took three thousand dollars bought
• 9:06
  Speaker 3: a single family home. It was seventy eight five hundred bucks.
• 9:10
  Speaker 3: It was easy to get the loan. Telling you, if
• 9:12
  Speaker 3: it's easy, don't do it. The system is corrupt. Banks
• 9:16
  Speaker 3: made more money on single family homes last year than
• 9:19
  Speaker 3: all the owners of single family homes combined. They make
• 9:22
  Speaker 3: five or six percent every year. As long as you
• 9:25
  Speaker 3: have a loan, they make five or six percent. Realtor
• 9:29
  Speaker 3: makes six percent when when you bought it, they make
• 9:32
  Speaker 3: six percent when you sell it. That means to buy
• 9:34
  Speaker 3: and sell a home if you had a home ten years,
• 9:37
  Speaker 3: you would have to make six percent on the buy,
• 9:39
  Speaker 3: six percent on the exit, and you'd have to make
• 9:42
  Speaker 3: sixty percent just to pay the banks back. So you'd
• 9:45
  Speaker 3: have to make like seventy two percent on your money
• 9:48
  Speaker 3: just to break even in a house deal, and you
• 9:50
  Speaker 3: were stuck in the same place for ten years. So
• 9:53
  Speaker 3: I bought a single family home, rented it to a
• 9:55
  Speaker 3: girl named Janet. Her and HER's sister rented it. I
• 9:58
  Speaker 3: think my note was five hundred bucks I made. The
• 10:01
  Speaker 3: rent was six twenty five. I made one hundred and
• 10:03
  Speaker 3: twenty five dollars a month. I thought I was a
• 10:05
  Speaker 3: genius until they moved out. When they moved out, I
• 10:08
  Speaker 3: was like, no rent income. My asset became a liability
• 10:13
  Speaker 3: because they weren't there. The real asset was the tenant.
• 10:16
  Speaker 3: So all of a sudden, I had this house. I
• 10:18
  Speaker 3: didn't know how to rent it. It was I think
• 10:21
  Speaker 3: it was November in Houston, Texas is getting ready to
• 10:25
  Speaker 3: be cold and wet. I Ke'm not going to be
• 10:27
  Speaker 3: able to find a renter. I don't find a renter
• 10:29
  Speaker 3: until February. I sell the house, get my money back. Basically,
• 10:32
  Speaker 3: I said I'll never do that. Again, I say one door. No,
• 10:36
  Speaker 3: if it's got one dough, I say no, no, I say,
• 10:41
  Speaker 3: don't be a one flow ho. And that's what I was.
• 10:45
  Speaker 3: I was a one flow ho. I was basically Janet's bitch.
• 10:49
  Speaker 3: Because when Janet left, I'm like, oh shit, I got
• 10:51
  Speaker 3: to pay. I got to make the payment. And so
• 10:54
  Speaker 3: the next time I would buy a piece of real estate,
• 10:57
  Speaker 3: it was forty eight units in southern California. So I
• 11:00
  Speaker 3: went from one unit. I said, I'll never do that again.
• 11:02
  Speaker 3: The mistake was being dependent upon one thing. It's like
• 11:05
  Speaker 3: having a business with It's like having a grocery store
• 11:08
  Speaker 3: with one product. You never do that.
• 11:09
  Speaker 6: Well, having one stream of income or one stream.
• 11:11
  Speaker 3: Of income, I mean, have one wife. That's a good idea.
• 11:14
  Speaker 3: But yeah, I mean that's a different thing. I got
• 11:19
  Speaker 3: to feel in You're not a morment.
• 11:21
  Speaker 6: I don't know.
• 11:21
  Speaker 3: I'm just thinking.
• 11:23
  Speaker 6: So all right, so how do you scale from one home?
• 11:25
  Speaker 6: So your next property was forty forty eight units?
• 11:28
  Speaker 3: Because yeah, yeah, forty eight forty eight, forty eight units
• 11:31
  Speaker 3: in one building, apartment building, So it was apartment building
• 11:33
  Speaker 3: forty eight units?
• 11:34
  Speaker 6: So did you how did that happen?
• 11:35
  Speaker 3: So I just started studying I started study. Every weekend
• 11:38
  Speaker 3: for three years, I went and shop real estate. I
• 11:41
  Speaker 3: knew what I had done wrong as soon as I did.
• 11:42
  Speaker 3: As soon as the chick moved out, I'm like, dang, dude,
• 11:45
  Speaker 3: buy more units, don't be don't have one door. One
• 11:50
  Speaker 3: door is for a home. You go in the front
• 11:51
  Speaker 3: door and you go out the back door. If you're
• 11:53
  Speaker 3: a bad neighborhood, have one door close off the back door.
• 11:56
  Speaker 3: You know, like there's no way in this house except
• 11:58
  Speaker 3: the front door. And so the problem in real estate,
• 12:00
  Speaker 3: with real estate or any business, you want to have
• 12:03
  Speaker 3: multiple pieces or products or flows of income. Right, So
• 12:07
  Speaker 3: I started researching real estate. I would literally I lived
• 12:10
  Speaker 3: in Houston, Texas, and I would just go shop real
• 12:13
  Speaker 3: estate every weekend. I'd walk the property, look at it,
• 12:15
  Speaker 3: two units, four units, six units, eight units, twenty units,
• 12:20
  Speaker 3: started doing the math on it, and just until I
• 12:22
  Speaker 3: figured out, oh wow, I can do this. You know,
• 12:24
  Speaker 3: I can figure out how to buy forty eight units.
• 12:28
  Speaker 3: Forty eight units is actually easier to buy than two
• 12:30
  Speaker 3: or three.
• 12:30
  Speaker 6: Why is forty eight units easy to buy in two
• 12:32
  Speaker 6: or three?
• 12:33
  Speaker 3: The bank treats forty eight units that collect one thousand
• 12:36
  Speaker 3: dollars a month at each unit to be at business.
• 12:40
  Speaker 3: They understand. I'll give you a perfect example. I can
• 12:43
  Speaker 3: go to Bank of America and say, hey, lend me money.
• 12:47
  Speaker 3: Lend me a million dollars to buy a Bank of
• 12:49
  Speaker 3: America stock. They will not lend me a million dollars
• 12:52
  Speaker 3: okay on a Bank of America, even if my credit
• 12:54
  Speaker 3: is good, they will not do it. I don't care
• 12:56
  Speaker 3: who you are for their stock. But if I go
• 12:59
  Speaker 3: to them with a million dollar real estate deal and say, hey,
• 13:01
  Speaker 3: lend me a million dollars in this real estate deal,
• 13:02
  Speaker 3: They'll be like, we'd love to. That shows you the
• 13:05
  Speaker 3: value of a bank stock compared to a bank feeling
• 13:11
  Speaker 3: like this property with forty eight units. During COVID, churches
• 13:15
  Speaker 3: were closed, strip centers were closed, bars were closed, restaurants
• 13:19
  Speaker 3: were closed. That mall was closed right over there, Avadur
• 13:22
  Speaker 3: Mall like America was shut down. Not one apartment building
• 13:25
  Speaker 3: in America was shut down. Because people have to have place.
• 13:27
  Speaker 6: So how do you? How do you what's the approval
• 13:29
  Speaker 6: process for commercial buildings? As of polls, each hat is easier.
• 13:32
  Speaker 6: So you have to have cash reserve.
• 13:35
  Speaker 3: You have to have cash. You have to have cash,
• 13:36
  Speaker 3: and you have to have cash reserves, and you got
• 13:38
  Speaker 3: to have some credit. But most importantly, you need to
• 13:40
  Speaker 3: have some experience.
• 13:41
  Speaker 5: So but that time in between, I know it was
• 13:43
  Speaker 5: like a five year span before that first single was
• 13:45
  Speaker 5: three years years. Yeah, to get so this is like
• 13:47
  Speaker 5: a I think it's it's a one point nine million
• 13:49
  Speaker 5: dollars deal.
• 13:50
  Speaker 3: That deal was one point that even research research, that's
• 13:54
  Speaker 3: what That's what Grandpa Dave doesn't do. He can't. He can't,
• 13:58
  Speaker 3: he can't, he can't any he's just repeating the same
• 14:01
  Speaker 3: stuff Like I can hear you guys are willing to
• 14:03
  Speaker 3: bring new ideas to your audience. And you got to
• 14:06
  Speaker 3: look at America like I'm looking at America right now
• 14:08
  Speaker 3: because I looked at my dad and my mom. My
• 14:11
  Speaker 3: dad did everything right, yet when he died, my mom
• 14:14
  Speaker 3: was My mom was hustling. She was scared when she
• 14:17
  Speaker 3: should have been in grief. She was in fear, and
• 14:19
  Speaker 3: she's having a dumb stuff. Man, when you're a widow,
• 14:21
  Speaker 3: you should not be having to sell stuff. You should
• 14:24
  Speaker 3: be in grief. And she couldn't. She's like, I got
• 14:26
  Speaker 3: to sell that, I gotta get rid of that. I
• 14:27
  Speaker 3: got to collect my life in yours. She had five
• 14:29
  Speaker 3: kids to raise and nobody to trust. She had no education,
• 14:32
  Speaker 3: She did not know anything about money. So she made
• 14:34
  Speaker 3: some moves that were defensive but not good for her.
• 14:38
  Speaker 3: So when I sold that first piece of real estate,
• 14:41
  Speaker 3: I'm like, I did something wrong here. Real Estate's not
• 14:43
  Speaker 3: the problem, it's what did I do wrong in the
• 14:45
  Speaker 3: real estate? I had one door. So I started doing
• 14:49
  Speaker 3: the research every week. Back then, there was no internet
• 14:52
  Speaker 3: where you go check how do I buy forty eight units? Okay?
• 14:55
  Speaker 3: So I started asking people that were in the game.
• 14:57
  Speaker 3: Tell me what I need to know, tell me what
• 14:59
  Speaker 3: I don't know. Tell me what's a good location, What
• 15:02
  Speaker 3: is cash flow? How do I get a loan? You
• 15:04
  Speaker 3: need about twenty five percent down to do a loan.
• 15:08
  Speaker 3: So I started saving money. I started like, okay, I'm
• 15:10
  Speaker 3: gonna put money down. What is forty eight unit's going
• 15:12
  Speaker 3: to cost me? You know it's going to cost me
• 15:14
  Speaker 3: about At that time, it wasn't a lot of money.
• 15:15
  Speaker 3: It's like four point eight million dollars. You could buy
• 15:17
  Speaker 3: forty eight units in California. I'm like, this is crazy.
• 15:20
  Speaker 6: Right.
• 15:21
  Speaker 3: Looking back, you'd be like, hey, I'll buy one of
• 15:22
  Speaker 3: those two. You guys would do that right now. So
• 15:25
  Speaker 3: what do you need to figure out? You need to
• 15:26
  Speaker 3: figure out how do I get a loan, how do
• 15:27
  Speaker 3: I get the down payment? And how do I get
• 15:29
  Speaker 3: the experience to tell the lender I'm a manager. The
• 15:33
  Speaker 3: most important part is the manager. It's not the credit
• 15:36
  Speaker 3: and it's not the down payment. Okay. So the first
• 15:38
  Speaker 3: thing I had to do was I had to get
• 15:39
  Speaker 3: a partner. So I went and found a guy that
• 15:42
  Speaker 3: knew real estate, and I'm like you, I'll do the money. Okay,
• 15:46
  Speaker 3: I'll sign you be the guy, and I'm gonna give
• 15:49
  Speaker 3: you a piece. I gave him twenty five percent of
• 15:51
  Speaker 3: the upside of this deal because I needed that. I
• 15:54
  Speaker 3: needed that that guy. I needed that what do you
• 15:56
  Speaker 3: what do you call it? Somebody telling me the other
• 15:59
  Speaker 3: day I needed cred I needed the uh huh, the receipt.
• 16:05
  Speaker 3: I needed the receipt man. I never heard that word,
• 16:07
  Speaker 3: but the receipt man.
• 16:10
  Speaker 6: You know.
• 16:12
  Speaker 3: I was telling SPEC. I said, we're spec. At the dude,
• 16:16
  Speaker 3: I said, I grew up with black guys. He's like,
• 16:18
  Speaker 3: I need a receipt. I said, what you're talking about?
• 16:22
  Speaker 3: Show me a picture. The point is I need what
• 16:24
  Speaker 3: do I need?
• 16:25
  Speaker 6: Oh?
• 16:25
  Speaker 3: I need a management experience, because the bank is not
• 16:27
  Speaker 3: going to give you a loan if you have good
• 16:29
  Speaker 3: credit and the money. They're gonna be like, can you
• 16:31
  Speaker 3: manage that forty eight units? Those tenants, the bed bugs,
• 16:34
  Speaker 3: the roaches, the tenant bounces, the evictions, can you do
• 16:38
  Speaker 3: all that? Okay? I had my guy. He did that,
• 16:42
  Speaker 3: and I gave him a piece to do it. Then
• 16:43
  Speaker 3: I need to figure out how do I get the stack? Okay, Look,
• 16:47
  Speaker 3: there's no shortage of money on this planet. You guys
• 16:49
  Speaker 3: know that, right, there's like, just like if you got
• 16:52
  Speaker 3: this mental thing that says there's a shortage. There's more
• 16:55
  Speaker 3: money on this planet than there are people, more money
• 16:58
  Speaker 3: than there are phones, more money than there are model jets.
• 17:03
  Speaker 3: There's more money than there are books. There's money. They
• 17:05
  Speaker 3: just print money. Man, money is manufactured. Your momm and
• 17:08
  Speaker 3: dad probably told you. Money doesn't grow on trees. No,
• 17:11
  Speaker 3: it's trended on a damn machine like and put it
• 17:15
  Speaker 3: in factories. So there's so much money. You just got
• 17:17
  Speaker 3: to figure out how do I get that money? And
• 17:19
  Speaker 3: so in that three years, what I did was I
• 17:21
  Speaker 3: found what my target was. I wanted a certain amount
• 17:23
  Speaker 3: of units. I knew my deal was going to be.
• 17:26
  Speaker 3: My next deal would go from three hundred or what
• 17:30
  Speaker 3: did I buy that deal for nothing?
• 17:32
  Speaker 6: Right?
• 17:32
  Speaker 3: Ninety seven or seventy eight thousand dollars? My next deal
• 17:35
  Speaker 3: was going to be probably one or two million dollars.
• 17:37
  Speaker 3: And I just started stacking in that period of time,
• 17:40
  Speaker 3: stacking the cash necessary to buy the deal, calling on
• 17:42
  Speaker 3: people getting money, putting the money away, storing it. Every
• 17:46
  Speaker 3: time I get stored, I just put it off this
• 17:48
  Speaker 3: side that's going to go to that deal. And then
• 17:50
  Speaker 3: I started trying to learn about what is the right
• 17:53
  Speaker 3: deal so I don't lose money, so I get cash flow,
• 17:55
  Speaker 3: and so I can.
• 17:55
  Speaker 6: Get what's a good deal for you? Now like these days,
• 17:59
  Speaker 6: you still look real estate, you still do multi filion. Yeah,
• 18:02
  Speaker 6: you said a good deal, So what is the good deal?
• 18:03
  Speaker 3: Well, a good deal, I mean a good deal is
• 18:06
  Speaker 3: a good location, you know. I mean I buy massive deals.
• 18:09
  Speaker 3: Now these are big deals.
• 18:11
  Speaker 6: No, no more for what's a good deal on a
• 18:15
  Speaker 6: massive deal? What's a massive deal?
• 18:17
  Speaker 3: I mean, I just I mean I did a deal
• 18:19
  Speaker 3: in December. It was one hundred and sixty five million
• 18:21
  Speaker 3: dollars one deal.
• 18:22
  Speaker 6: Okay, so what's that? What's that deal? Look?
• 18:23
  Speaker 3: Like that deal looks like that deal looks like sixty
• 18:26
  Speaker 3: five million dollars down. I financed one hundred million bucks.
• 18:29
  Speaker 3: I had three banks that wanted to give me a loan.
• 18:31
  Speaker 3: These are all things you're looking for. I want multiple
• 18:33
  Speaker 3: banks wanting to lend me money. Okay, I don't want
• 18:36
  Speaker 3: one bank. I don't want one one guy. So yeah,
• 18:39
  Speaker 3: we'll give you a loan, but two other banks say no.
• 18:41
  Speaker 3: If three banks say yes, that's a good deal.
• 18:43
  Speaker 6: Okay.
• 18:44
  Speaker 3: Number two at cash flows the month the first month
• 18:47
  Speaker 3: I owned that deal. I want to check back. I
• 18:48
  Speaker 3: want to check every month. I don't want to check
• 18:50
  Speaker 3: every quarter. I want to check every month. I don't
• 18:52
  Speaker 3: want to check ten years from that. Dude, I want
• 18:54
  Speaker 3: that paper back today, So I give you this. I
• 18:57
  Speaker 3: go to work. I want to be paid, and I
• 18:59
  Speaker 3: want to be paid this month. So Number one, I
• 19:01
  Speaker 3: want a great location. I need it to be a
• 19:03
  Speaker 3: big deal. The bigger, the better, you know. I want
• 19:06
  Speaker 3: to know a big big big is easier than little,
• 19:09
  Speaker 3: you know. And I wanted to cash flow. I want
• 19:11
  Speaker 3: multiple banks to give me a loan. And I want
• 19:15
  Speaker 3: to know. Lastly, who am I going to sell it to?
• 19:18
  Speaker 3: When I buy it? I already want to know how
• 19:20
  Speaker 3: to exit when I bought it. So you got your
• 19:22
  Speaker 3: egg strategy before you, dude. I know, I know that
• 19:25
  Speaker 3: there's good I know the five buyers that will that
• 19:28
  Speaker 3: I can call on the phone and say all five
• 19:30
  Speaker 3: of you did on it.
• 19:31
  Speaker 6: You're already communicated with them.
• 19:32
  Speaker 3: I know who's going to be a player on the
• 19:34
  Speaker 3: deal on the way out.
• 19:36
  Speaker 8: So how does that process work when you get and
• 19:37
  Speaker 8: you can't know that when you buy a house on
• 19:40
  Speaker 8: twenty twenty one twenty A street already because you're selling
• 19:44
  Speaker 8: in a market, you're selling to people that are economically driven.
• 19:49
  Speaker 3: See. I never want to sell to somebody that needs
• 19:51
  Speaker 3: the economy to be good. I want to sell to
• 19:53
  Speaker 3: people that have too much money. I want to sell
• 19:56
  Speaker 3: to people that have so much money that money is
• 19:58
  Speaker 3: their biggest problem. Fart they got to it, dude, they
• 20:01
  Speaker 3: have to spend money like I'm gonna I'm gonna put
• 20:04
  Speaker 3: a portfolio together. You just learned the deal. This is
• 20:07
  Speaker 3: where I went one house. I bought one house. Oh well,
• 20:09
  Speaker 3: who am I gonna sell it to? Then I had
• 20:11
  Speaker 3: to find somebody could pay me seventy eighty one thousand
• 20:14
  Speaker 3: for the house. Guess what's the problem with that. He's
• 20:16
  Speaker 3: got to have a job, he's got to have credit,
• 20:18
  Speaker 3: he's got to have a down payment, and he's got
• 20:20
  Speaker 3: to want to buy a house from me. That's a
• 20:21
  Speaker 3: problem for me because what if the economy shit? You
• 20:25
  Speaker 3: know what if he lost his job. So I'm like, okay,
• 20:27
  Speaker 3: I'm gonna go buy. I'm gonna go buy forty eight units.
• 20:29
  Speaker 3: I bought forty eight units for one point nine million dollars.
• 20:32
  Speaker 3: It was a freaking screamer deal. Like once I bought
• 20:35
  Speaker 3: the first one, I got cash flow. It was like
• 20:36
  Speaker 3: it was like I had a job without a job.
• 20:38
  Speaker 3: And then when I went to sell it, the guy
• 20:41
  Speaker 3: that was buying it from me was a doctor, and
• 20:44
  Speaker 3: he started getting all you know doctors, if you've ever
• 20:46
  Speaker 3: done a deal with a doctor, they know how to charge,
• 20:48
  Speaker 3: they don't know how to pay. They all get anal
• 20:53
  Speaker 3: like too much doctor time, too much probing. They're like
• 20:56
  Speaker 3: what about this? What about that? I'm liked, what's wrong
• 20:58
  Speaker 3: with you, man, You've got a good practice or not.
• 20:59
  Speaker 3: But they're cheap. They're cheap. So I was selling to
• 21:02
  Speaker 3: a guy that's cheap, and I'm like, okay, I got
• 21:05
  Speaker 3: to learn this game.
• 21:05
  Speaker 6: I don't.
• 21:06
  Speaker 3: I don't want to sell to people that are economically imprisoned.
• 21:09
  Speaker 3: I want to sell to the Goldman Sacks and the
• 21:11
  Speaker 3: Blackstones in the world. You can't start there, but you
• 21:14
  Speaker 3: can level the game up to play there, because Blackstone
• 21:18
  Speaker 3: has more money than they can actually put to work.
• 21:21
  Speaker 5: So I'm in my mind of wondering how this process
• 21:23
  Speaker 5: works when you're using three banks at the same time.
• 21:26
  Speaker 5: Is it like, are they working in separate entities or
• 21:29
  Speaker 5: they're saying, like, yo, we'll give him fifty, We'll give
• 21:31
  Speaker 5: him seventy five, yeah the rest.
• 21:32
  Speaker 3: Yeah, No, you never know. I mean, I mean three
• 21:35
  Speaker 3: banks that all want to lend me money on that deal. Oh,
• 21:38
  Speaker 3: just okay, they're competing for one lean service, not three longs. Okay, gotcha.
• 21:44
  Speaker 6: So you said you said, I saw on Instagram you
• 21:48
  Speaker 6: had nine hundred million dollars in debt something like that.
• 21:52
  Speaker 3: No, I probably have a maybe one way keep cutting me, man,
• 21:55
  Speaker 3: is what you said. This ain't Grandpa Day days, Like
• 21:59
  Speaker 3: a debt is bad debt. You're dumb, dude, You're dumb.
• 22:03
  Speaker 3: There's not a country on this planet that doesn't use debt,
• 22:05
  Speaker 3: including Apple Computer. Apple Computer has two and ninety six
• 22:10
  Speaker 3: billion dollars in cash today. They will borrow money tomorrow morning.
• 22:14
  Speaker 3: Debt is good. Some debt is good debt. And there's
• 22:17
  Speaker 3: not a wealthy company on this planet, not one wealthy
• 22:21
  Speaker 3: company on the planet Earth that is cash free that
• 22:24
  Speaker 3: does not use debt good debt because debt is so
• 22:28
  Speaker 3: cheap today. So you got companies that borrow money to
• 22:33
  Speaker 3: buy their shares back, right. So, so Dave is just
• 22:37
  Speaker 3: playing a little game. He's a little man. He's playing
• 22:39
  Speaker 3: a little man's game. It's a little man. It's an
• 22:42
  Speaker 3: old way of thinking, and it appeals to millions and
• 22:45
  Speaker 3: millions of people that are like I want to get
• 22:47
  Speaker 3: out of debt. I want to get out of debt.
• 22:48
  Speaker 3: I don't want to get out of debt. I want
• 22:50
  Speaker 3: to create wealth, and the way to create wealth is
• 22:52
  Speaker 3: through debt.
• 22:54
  Speaker 6: So, but do you ever worry about overleveraged like we
• 22:57
  Speaker 6: saw in two thousand and eight when the real estate
• 22:58
  Speaker 6: market crash. It's not market A lot of people.
• 23:01
  Speaker 3: I worry about. I worry about too much debt.
• 23:03
  Speaker 6: Okay, So how do you how do you hedge that
• 23:05
  Speaker 6: to make sure that you're still positioned even if.
• 23:07
  Speaker 3: I got I got one one point four million dollars
• 23:11
  Speaker 3: one point four billion dollars worth of debt, but I
• 23:13
  Speaker 3: got two point three billion dollars in assets, So I'm
• 23:17
  Speaker 3: not I'm not even no, no, not not like like i'm
• 23:22
  Speaker 3: I'm I'm maybe sixty percent okay, And the debt is cheap.
• 23:26
  Speaker 3: The debt is under three percent. I pay interests only.
• 23:30
  Speaker 3: I don't even pay the mortgage down. So basically what
• 23:32
  Speaker 3: I'm doing is pre paying my mortgage massive amounts of margage.
• 23:36
  Speaker 3: I'm paying down in the beginning. So it's stay stable,
• 23:39
  Speaker 3: my debt stay stable, and the asset goes up in value.
• 23:43
  Speaker 3: So like like a house, you see the problem with
• 23:45
  Speaker 3: a house. And you shouldn't even have this comparison of
• 23:48
  Speaker 3: conversation because if I buy a house, but let's say
• 23:51
  Speaker 3: the house is average house about two hundred and forwty
• 23:53
  Speaker 3: thousand dollars in America, and I put five percent down,
• 23:55
  Speaker 3: you probably over leverage right there. Why why would they
• 23:59
  Speaker 3: give me that loan and the house doesn't provide any income.
• 24:02
  Speaker 6: Well, you know what's interesting, we spent we spent the
• 24:04
  Speaker 6: summer in LA. This is the same conversation we have.
• 24:06
  Speaker 6: I'm a financial advisor by trade, so I was telling him.
• 24:09
  Speaker 6: I was telling him and my friend Jamore, and I'm like,
• 24:12
  Speaker 6: you know what, I was thinking about it because we're
• 24:14
  Speaker 6: having the stock market. I know, you're not really in
• 24:16
  Speaker 6: the stocks.
• 24:16
  Speaker 3: Yeah, yeah, I'm not a paper guy.
• 24:18
  Speaker 6: We're having the stocks, and I'm like, you know, because
• 24:20
  Speaker 6: I see people that I worked with as a financial
• 24:22
  Speaker 6: advisor that might, you know, they might have like two
• 24:25
  Speaker 6: hundred thousand dollars of cash to their name, and they
• 24:28
  Speaker 6: buying a home and they using like seventy eighty thousand
• 24:31
  Speaker 6: dollars down and then they got to put another twenty
• 24:34
  Speaker 6: thousand and get their kitchen fixed, and then they got
• 24:36
  Speaker 6: to like borrow from their four one k and it's
• 24:38
  Speaker 6: like yeah, and they.
• 24:39
  Speaker 3: Got to go buy some furniture because now they're hooked it.
• 24:41
  Speaker 6: Yeah, so it's like you don't really have enough money.
• 24:44
  Speaker 6: You're like you're depleting your and then it's like you
• 24:47
  Speaker 6: don't have enough money to invest. So I was saying, like,
• 24:50
  Speaker 6: if you actually just rented a place and use that
• 24:52
  Speaker 6: money in the market, in the stock market, you would
• 24:54
  Speaker 6: have more money. So obviously everybody's situation is different. But
• 24:57
  Speaker 6: when I was telling him that, they was kind of
• 24:59
  Speaker 6: going back and forth. We didn't fully agree with me,
• 25:01
  Speaker 6: but I'm like.
• 25:01
  Speaker 3: Well they're wrong.
• 25:03
  Speaker 6: Well it.
• 25:07
  Speaker 3: Telling you part.
• 25:08
  Speaker 6: That's part of the story.
• 25:08
  Speaker 5: The other part was like it depends on the situation, right,
• 25:10
  Speaker 5: So if somebody's handed home, then it's different.
• 25:13
  Speaker 6: But most people aren't handed home.
• 25:14
  Speaker 3: Some people are. So even if you're handed up, you
• 25:16
  Speaker 3: don't want a homehanded to you, man, goddamn. Like like,
• 25:19
  Speaker 3: just somebody gives you a donut doesn't mean you want
• 25:21
  Speaker 3: to eat it. What did they give you?
• 25:24
  Speaker 6: What?
• 25:24
  Speaker 3: Did they give you an eight ball?
• 25:27
  Speaker 6: Here? Here?
• 25:27
  Speaker 3: Do it all right there? Just because they give it
• 25:29
  Speaker 3: to you, Like like you know, go out to the
• 25:32
  Speaker 3: club and somebody wants to give you something you can't
• 25:34
  Speaker 3: get rid of, Like like, I don't want that. Not
• 25:36
  Speaker 3: all assets or become can become liabilities. Children become liabilities,
• 25:41
  Speaker 3: Like my two kids are my biggest asset. But the
• 25:43
  Speaker 3: truth is if you don't share this anywhere except to
• 25:46
  Speaker 3: your small nobody. If somebody threatened my kids, like I
• 25:54
  Speaker 3: will give all my goal away, like it is my
• 25:56
  Speaker 3: biggest liability is the threat of my children. If somebody
• 25:59
  Speaker 3: would do something to my kids. That's why I say
• 26:01
  Speaker 3: all assets become liabilities at some point. You see what
• 26:04
  Speaker 3: I'm saying. So when I go by that one house
• 26:07
  Speaker 3: in Los Angeles, which is gonna be five hundred thousand, right,
• 26:11
  Speaker 3: small house, small house, ship, and you better carry what
• 26:18
  Speaker 3: I got in my bag. You got to put one
• 26:21
  Speaker 3: hundred grand down since COVID, that's a twenty percent down payment.
• 26:24
  Speaker 3: That whole five percent games off the table now for everybody.
• 26:27
  Speaker 3: So now it's twenty percent down? Am I right on that?
• 26:30
  Speaker 6: MG?
• 26:31
  Speaker 3: MG?
• 26:32
  Speaker 6: Huh?
• 26:33
  Speaker 3: What where can I get a five percent loan today?
• 26:36
  Speaker 6: Oh?
• 26:36
  Speaker 3: Man? You ought to check? Man, take a little COVID check. Okay,
• 26:39
  Speaker 3: you got that mask on right now? Okay, any bank
• 26:46
  Speaker 3: in America? What if I lost my job during COVID,
• 26:51
  Speaker 3: I was off excuse me? Okay, that's forty million people.
• 26:55
  Speaker 3: The game just changed for forty million. That's now a
• 26:57
  Speaker 3: twenty percent down payment. Forty million people in this country
• 27:00
  Speaker 3: lost their jobs. Okay, that's nine percent of the population,
• 27:03
  Speaker 3: like as a massive portion of people. And then if
• 27:06
  Speaker 3: you didn't lose your job, they're gonna look at that
• 27:08
  Speaker 3: job and say, okay, you work over at Cardona Enterprises.
• 27:10
  Speaker 3: Was anybody let go? Did you guys get cut? Like
• 27:14
  Speaker 3: a lot of people got cut. The banks are scared
• 27:16
  Speaker 3: right now. They're terrified of these home loans. So let's
• 27:18
  Speaker 3: say it takes whatever number you want to use. You
• 27:21
  Speaker 3: wanted to use twenty five thousand dollars down, that's five
• 27:24
  Speaker 3: percent or it's one hundred thousand dollars down. Either way,
• 27:26
  Speaker 3: you had a you're tied to a thirty year mortgage.
• 27:30
  Speaker 3: You're gonna pay what four percent? Two point one two
• 27:35
  Speaker 3: and a half percent ten years, you're gonna you need
• 27:38
  Speaker 3: twenty one point five percent just to pay the bank back.
• 27:42
  Speaker 3: You need a twenty one percent gain on that house
• 27:44
  Speaker 3: in California.
• 27:46
  Speaker 6: And another problem is that the vast majority of people don't
• 27:48
  Speaker 6: make enough money to actually support their mortgage payments. They
• 27:51
  Speaker 6: live in paycheck to paycheck. So if they're making like
• 27:54
  Speaker 6: even ten thousand dollars a month and then mortgage payment
• 27:56
  Speaker 6: is four thousand, then you gotta pay insurance, and you
• 27:58
  Speaker 6: gotta pay for your kid to go to school in
• 28:00
  Speaker 6: And they had to.
• 28:01
  Speaker 3: Pay the little, the little what's it called the little
• 28:03
  Speaker 3: because they only put five percent down? What's that jack fee? PM?
• 28:08
  Speaker 3: I do you know if they use abbreviations, they're fucking you.
• 28:13
  Speaker 3: I'm just saying, you know, they the r E. I
• 28:20
  Speaker 3: T the reate, it was real estate. It was perfect
• 28:23
  Speaker 3: the way it was, and they added the I T
• 28:27
  Speaker 3: Investment Trust at that point, they fuck you right there.
• 28:31
  Speaker 3: I'm just saying, every time they start doing the acromen,
• 28:34
  Speaker 3: they jacket you. Yeah.
• 28:36
  Speaker 6: So I agree with a lot what you're saying, and
• 28:39
  Speaker 6: I mean everybody, a lot of people have said, like,
• 28:40
  Speaker 6: that's why you should buy multi families and have some
• 28:43
  Speaker 6: level of cash flow, because if it's just a single
• 28:44
  Speaker 6: filmly home, it's not really technically, it's not really an investment.
• 28:48
  Speaker 6: And like I said, for the vast majority of people,
• 28:50
  Speaker 6: they're kind of doing it wrong and they're struggling and
• 28:52
  Speaker 6: they's just like working just to pay their debt.
• 28:55
  Speaker 3: Yeah, and if this is a good deal, by the way,
• 28:58
  Speaker 3: if it's a good deal, then once you go buy
• 29:01
  Speaker 3: four of them, because you get the same loan, and
• 29:04
  Speaker 3: then you got four people paying you rather than you
• 29:07
  Speaker 3: paying it. So like, I mean, I could slice this
• 29:10
  Speaker 3: thing so many different ways. If this is a piece
• 29:12
  Speaker 3: of real estate. I'm gonna be limited on my interest
• 29:15
  Speaker 3: deductions right to what seven hundred Do you know what
• 29:19
  Speaker 3: my interest was last year on one point four billion dollars.
• 29:23
  Speaker 3: I don't even know what the number is. Too many
• 29:24
  Speaker 3: zeros who bob. But like, let's say I paid three
• 29:27
  Speaker 3: percent on one point four billion. That was five hundred
• 29:30
  Speaker 3: and twenty million dollars in debt interest payments. You can
• 29:35
  Speaker 3: only write off up to seven hundred and fifty thousand.
• 29:38
  Speaker 3: Guess what I wrote off the entire five hundred and
• 29:41
  Speaker 3: twenty million in interest payments, all of it. I want
• 29:44
  Speaker 3: to put on a new roof. Fucking write that off too.
• 29:46
  Speaker 6: I want to put on new doors, right because it's commercial.
• 29:49
  Speaker 3: You can't do that on the house. You don't get
• 29:51
  Speaker 3: any of the game. You don't get the leverage, you
• 29:53
  Speaker 3: don't get the wealth game, and you don't get anybody
• 29:55
  Speaker 3: paying your paying your rent. All this real estate that
• 29:58
  Speaker 3: I bought, I rent where I lived. Nope, right now
• 30:02
  Speaker 3: and nobody people come over my house, have drinks with
• 30:05
  Speaker 3: me and they're like, do you rent this or do
• 30:06
  Speaker 3: you own this? Nobody asked me that.
• 30:09
  Speaker 6: As a part of yet.
• 30:10
  Speaker 3: Okay, nobody asked so please just watch you got And
• 30:20
  Speaker 3: by the way, I pay for this watch with real estate.
• 30:22
  Speaker 3: Real estate bought this watch.
• 30:24
  Speaker 6: That's that's a house right there, you know.
• 30:28
  Speaker 3: And I'll tell you a little trick with money. Man,
• 30:30
  Speaker 3: I am the I am the tightest and smartest dude
• 30:32
  Speaker 3: there is on money. Like if if it's not passive income,
• 30:36
  Speaker 3: if I cannot buy it with passive income, I will
• 30:38
  Speaker 3: not buy it. Like if I go earn money five
• 30:42
  Speaker 3: hundred grand, I would never spend five hundred grand. I
• 30:45
  Speaker 3: take the five hundred grant, invest all of it. If
• 30:48
  Speaker 3: the investment can buy my Richard, I'll buy it. Okay,
• 30:52
  Speaker 3: I have to build a buy two of them. Guy
• 30:54
  Speaker 3: came to me about to watch. He's like, it's number
• 30:56
  Speaker 3: ten or fifteen. I'm like, Okay, hold on, I think
• 30:58
  Speaker 3: I like it. Hold on, but let me talk about that.
• 31:01
  Speaker 3: Can I buy number one? Do we have enough passive
• 31:04
  Speaker 3: income to pay for it? Number two? Can I buy
• 31:07
  Speaker 3: two of them right now in cash? And number three?
• 31:11
  Speaker 3: Do you still know this is stupid? Yes? I do?
• 31:15
  Speaker 3: And number four? Dude, if you got two of those
• 31:19
  Speaker 3: checked off, you could probably pull the deal off. Can
• 31:21
  Speaker 3: I write it off? No, I can't write it off. Okay,
• 31:23
  Speaker 3: it's stupid. Let's do it anyway.
• 31:26
  Speaker 5: So is that when you came with the mentality like
• 31:28
  Speaker 5: I read that, you said, Look, I always try to
• 31:30
  Speaker 5: go broke as soon as I get the money, I
• 31:32
  Speaker 5: got to put it.
• 31:33
  Speaker 3: Man, cash is trash, Cash is garbage. It is garbage,
• 31:37
  Speaker 3: is manufactured Fiat. It's got a white dude with a
• 31:41
  Speaker 3: balding head. And in God we trust. There's so many
• 31:44
  Speaker 3: lives on one hundred dollars bill, it's unbelievable. It's all
• 31:48
  Speaker 3: lies and tricks and gimmicks and pulling on heart strings
• 31:52
  Speaker 3: and trying to get people to convince. Do you guys
• 31:54
  Speaker 3: really believe God's got anything to do with this piece
• 31:56
  Speaker 3: of paper? Huh? Come on, man, please, we trade in
• 32:01
  Speaker 3: time for pieces of paper, all a bunch of In
• 32:04
  Speaker 3: God we trust, one hundred dollars in the United States
• 32:06
  Speaker 3: of America, what's it worth? You know? We printed twenty
• 32:10
  Speaker 3: one percent of all the US dollars in circulation. They
• 32:12
  Speaker 3: were printed last year, not in the last decade, last year.
• 32:16
  Speaker 3: So that dollar, that dollar is after last year's worth
• 32:19
  Speaker 3: about that. So this is trash. You lose it. The
• 32:23
  Speaker 3: banks tell you to save it, save it, man, save
• 32:25
  Speaker 3: the money. Save the money. As soon as you give
• 32:27
  Speaker 3: it to the bank, they freaking push it out into
• 32:29
  Speaker 3: the marketplace ninety seven times, so they got to keep
• 32:32
  Speaker 3: three percent of their reserves. They push it out ninety
• 32:34
  Speaker 3: seven times. They don't even do what they tell us
• 32:36
  Speaker 3: to do, save your money, and then they tell us
• 32:38
  Speaker 3: buy a house. The banks are the ones that sold
• 32:41
  Speaker 3: us on a house. Okay, we eat you eat eggs
• 32:44
  Speaker 3: and bacon for breakfast because somebody came out with a
• 32:47
  Speaker 3: program that said breakfast is the meal of the day,
• 32:50
  Speaker 3: and that saved the pork in the chicken industry and
• 32:53
  Speaker 3: farmers around the country. We're being lied to every day, man.
• 32:57
  Speaker 3: Seventy six percent of Americans paid that paycheck to pay check,
• 33:00
  Speaker 3: and most everybody is playing the game by the rules. Okay,
• 33:05
  Speaker 3: it's like it's like going to Vegas.
• 33:06
  Speaker 6: That's when you get hurt.
• 33:08
  Speaker 3: You playing by the rules. Yeah, and you're playing by
• 33:10
  Speaker 3: the middle class rules. Poverty is not the problem in
• 33:12
  Speaker 3: this country. It's the middle that's the real problem. It's
• 33:15
  Speaker 3: got seventy six percent of Americans live paycheck to paycheck.
• 33:19
  Speaker 3: They're buying houses, they're buying life insurance, they're dabbling in
• 33:22
  Speaker 3: the stock market. There they got our accounts in four
• 33:25
  Speaker 3: oh one. K's bullshit live programs. Send your money in
• 33:30
  Speaker 3: forty years. It'll be here for you when you get here.
• 33:33
  Speaker 3: It's stupid, man, it benefits Wall Street, it benefits the banks.
• 33:38
  Speaker 6: So let me ask you this. You don't you don't
• 33:40
  Speaker 6: believe in the stock market.
• 33:42
  Speaker 3: I don't understand it, man. It's just it's just too
• 33:45
  Speaker 3: complicated for me. Man. So it's like, look at all
• 33:48
  Speaker 3: the acronyms. Man, too many. Damn man, there's a lot
• 33:55
  Speaker 3: of trigger shit going on. I mean, opened up Wall
• 34:00
  Speaker 3: Street Journal and then you show me a picture of
• 34:02
  Speaker 3: a casino. It looks very similar to me. We'll let
• 34:07
  Speaker 3: will cracker jack poker machine back jack five dollars, ten
• 34:13
  Speaker 3: dollars twenty five. You know, it's just weird to me,
• 34:16
  Speaker 3: Like they won't lend me money there, like the banks
• 34:19
  Speaker 3: will lend you money to you. Well, you get a
• 34:20
  Speaker 3: Martin account, you can get a Martin, but you had
• 34:22
  Speaker 3: you had to go take a steak first case. Now
• 34:27
  Speaker 3: look now, because now they want to pull it back
• 34:29
  Speaker 3: from you. Okay. The whole thing about liquid, we all
• 34:32
  Speaker 3: been taught stay liquid. Is that really good? See as
• 34:38
  Speaker 3: long as you liquid, man, I can get your bag
• 34:42
  Speaker 3: as long as you liquid. If I look like, if
• 34:44
  Speaker 3: you guys just open your minds a second and think, Man,
• 34:48
  Speaker 3: can this many people be this stupid? Like? Can this
• 34:54
  Speaker 3: many people be stupid. You're working your asses off. You
• 34:57
  Speaker 3: do exactly what they say. I'm gonna save my money.
• 34:59
  Speaker 3: I'm a buy and we still don't get ahead because
• 35:03
  Speaker 3: we're not making the wealth. News man warn Buffett on
• 35:05
  Speaker 3: one house in one car, he took all this other
• 35:08
  Speaker 3: money and invested. Okay, Elon Musk, he cashes out of PayPal,
• 35:12
  Speaker 3: never owned a damn home in his life. Okay, one
• 35:14
  Speaker 3: of the richest people in the world. Cash is out
• 35:17
  Speaker 3: of PayPal with one hundred and eighty million dollars, invest
• 35:19
  Speaker 3: the entire amount in three businesses the next week, and
• 35:22
  Speaker 3: then rented an apartment. And we're saying, yes, service to Musk,
• 35:26
  Speaker 3: Let's go to Mars. So you just have to start.
• 35:30
  Speaker 3: When you see this many people trapped, you can't say
• 35:34
  Speaker 3: these people are stupid. Okay, you got to say what's wrong.
• 35:37
  Speaker 3: I saw myself for twenty years, from the age of
• 35:40
  Speaker 3: twenty five to forty five, not getting ahead. Okay, two
• 35:43
  Speaker 3: thousand and eight hit and I was like, oh, what happened.
• 35:46
  Speaker 3: What happened was I had played by the rules. I
• 35:49
  Speaker 3: got trapped by the rules. I did everything exactly the
• 35:52
  Speaker 3: way I was supposed to do it, and it's just
• 35:55
  Speaker 3: the wrong set of rules.
• 35:56
  Speaker 5: So it was a mindset change, because I mean, I
• 35:58
  Speaker 5: heard you say this about the this book that we
• 36:00
  Speaker 5: both read, The Millionaire next Door. And I read it
• 36:03
  Speaker 5: and my perspective was like, Wow, people that make that
• 36:06
  Speaker 5: much money are cheap, right, they don't exactly. They're conservative
• 36:11
  Speaker 5: with their money and that's how they keep it. And
• 36:13
  Speaker 5: then I heard your perspective and.
• 36:14
  Speaker 8: I was like, oh, yeah, yeah, yeah, that's a different
• 36:17
  Speaker 8: way to look at it.
• 36:17
  Speaker 3: Yeah, And I was like, you know, his mindset is
• 36:19
  Speaker 3: just different.
• 36:20
  Speaker 6: I don't want to be a millionaire.
• 36:22
  Speaker 3: When I read The Millionaire next Door, that was the
• 36:23
  Speaker 3: last time I ever took advice from a million millionaire.
• 36:26
  Speaker 3: I'm like, I don't live like that. That's stupid. Buy
• 36:29
  Speaker 3: a used truck, right, Like, if a used truck or
• 36:32
  Speaker 3: a new truck gets intwhere where I want to go,
• 36:35
  Speaker 3: I'm done already. You know, don't buy coffee this four dollars.
• 36:39
  Speaker 3: If four dollars cinc shit, you are fucked up. Okay,
• 36:44
  Speaker 3: you can do this all day, every day, as long
• 36:46
  Speaker 3: as you want to see. This is the this is
• 36:48
  Speaker 3: the environment I was brought up in. My mama was
• 36:50
  Speaker 3: clipping coupons she had a drawer where it was coupon's
• 36:53
  Speaker 3: the whole drawer. You could not it was the sacred drawer.
• 36:55
  Speaker 3: Do you guys have the sacred drawer down?
• 36:57
  Speaker 5: It was a sacred bag, I know, dude, so and
• 37:01
  Speaker 5: she knew when the sales were and she knew you.
• 37:04
  Speaker 3: Buy low and you sell hot. That is not how
• 37:06
  Speaker 3: you create wealth. You do not create wealth on defense.
• 37:10
  Speaker 3: You created on offense.
• 37:12
  Speaker 6: So use in the car industry. Not a lot of
• 37:14
  Speaker 6: people know that. Yeah. Yeah, my man Mike actually took
• 37:17
  Speaker 6: your course. He used to sell cars, Big Mic, Big Mic.
• 37:20
  Speaker 6: So we got a new name.
• 37:24
  Speaker 3: For what's he doing now?
• 37:25
  Speaker 6: Man, he's with us, Okay, okay, yeah, so.
• 37:30
  Speaker 3: He never smiles or is at the mask.
• 37:32
  Speaker 6: He's smiling right now. Ok Look, I.
• 37:36
  Speaker 3: Hated the car business man, You hated the car business.
• 37:38
  Speaker 3: It's only job I could get. I got out of
• 37:40
  Speaker 3: a treatment center for drug addiction. Okay, and from the
• 37:43
  Speaker 3: age of fifteen to twenty five, I was addicted to drugs.
• 37:45
  Speaker 6: What drug were you addicted to?
• 37:47
  Speaker 3: What you got?
• 37:48
  Speaker 6: Name it?
• 37:50
  Speaker 3: You got? What drug you got?
• 37:51
  Speaker 5: So we took in like nineteen eighties, Yeah, yeah.
• 37:54
  Speaker 6: Crack, whatever what you got? Okay? Oh, they cracked, he
• 37:57
  Speaker 6: did everything. Yeah, it was terrible.
• 38:00
  Speaker 3: It was terrible. Like I was one hundred and thirty pounds.
• 38:02
  Speaker 3: There's nobody. Yeah maybe maybe maybe spat with all this metal.
• 38:11
  Speaker 3: It made one thirty So I weighed one hundred and
• 38:13
  Speaker 3: thirty one pounds. That's fifty pounds less than I weighed today.
• 38:16
  Speaker 3: I was my my color of my skin was gray. Man, Like,
• 38:19
  Speaker 3: you know, I was a mess?
• 38:20
  Speaker 6: How many years?
• 38:21
  Speaker 3: Ten years?
• 38:21
  Speaker 6: Ten years? Yeah?
• 38:22
  Speaker 3: Really I was a mess. I had seven stitches put
• 38:24
  Speaker 3: in my head and face and beat up with a
• 38:26
  Speaker 3: pistol whip with a forty five caliber.
• 38:28
  Speaker 6: So how did you that's?
• 38:30
  Speaker 3: And then when I got out of the treatment center,
• 38:31
  Speaker 3: the only the only place I could get a job
• 38:33
  Speaker 3: was a car dealership.
• 38:34
  Speaker 6: How old were you when you got a car dealership situation?
• 38:37
  Speaker 3: Uh, twenty three. I was in a car dealership of
• 38:40
  Speaker 3: twenty three, and I left the car dealership, went to treatment,
• 38:45
  Speaker 3: and when I came back, they took me back.
• 38:48
  Speaker 6: Hmm. So all right, So you had substance abuse issues
• 38:51
  Speaker 6: for your whole teenage, like yeah, exactly until it was
• 38:53
  Speaker 6: like early twenties. You're go in the car business. How
• 38:57
  Speaker 6: do you grow the car because you became pretty big,
• 38:59
  Speaker 6: and you became big in the car business.
• 39:01
  Speaker 3: So what happened was I had a job.
• 39:03
  Speaker 6: I hated you were selling cars, yeah yeah.
• 39:05
  Speaker 3: And I hated it right. I hated the way people
• 39:07
  Speaker 3: looked at me. If I wanted to go on a
• 39:09
  Speaker 3: date and I told the girl I was a car salesman,
• 39:10
  Speaker 3: she wouldn't take the date. Right now, everybody hates a
• 39:13
  Speaker 3: car salesman, so right now I hate you now so
• 39:19
  Speaker 3: so and uh. And I had a college degree. Man,
• 39:22
  Speaker 3: I finished college with a drug problem, Like I just
• 39:25
  Speaker 3: squeaked through the college thing. So when you get out,
• 39:28
  Speaker 3: when you spend five years getting an accounting degree in college,
• 39:31
  Speaker 3: car salesman is not the thing you want to be.
• 39:33
  Speaker 3: But but nobody would hire me. So I took I
• 39:35
  Speaker 3: kept a job, and when I got back out of
• 39:37
  Speaker 3: the treatment center, I did not have the option in
• 39:40
  Speaker 3: my life to go find a job. A light. This
• 39:42
  Speaker 3: has become a defining moment for my life. I learned, Ernest,
• 39:47
  Speaker 3: what's up.
• 39:48
  Speaker 5: You ever walk into a small business and everything just works,
• 39:51
  Speaker 5: like the checkout is fast, the seats are digital, tipping
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  Speaker 5: pushing your vision forward. This episode is brought to you
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• 42:35
  Speaker 3: Sponsored by the United States Department of Homeland Security. Earned
• 42:38
  Speaker 3: how to do one of the things I'm most proud of.
• 42:41
  Speaker 3: I learned how to lean into something I hated. And
• 42:44
  Speaker 3: it's a cool It was a really cool spiritual experience
• 42:47
  Speaker 3: because the very thing that I hated the most I
• 42:51
  Speaker 3: ended up getting really good at. And not only did
• 42:54
  Speaker 3: I get good at it, but it was like I
• 42:56
  Speaker 3: changed it. I became a guru in the space, and
• 43:00
  Speaker 3: I changed the way people sell cars. So like today
• 43:03
  Speaker 3: when you can go there and easily get a price
• 43:05
  Speaker 3: and a payment and a down payment. I'm the guy
• 43:08
  Speaker 3: that created all that.
• 43:09
  Speaker 5: So you actually hated sales and just became the guru
• 43:12
  Speaker 5: of sales from that moment.
• 43:13
  Speaker 3: I hated it, and I hated all the trickery. Hide it,
• 43:16
  Speaker 3: don't tell them. You know, they play all these games
• 43:18
  Speaker 3: in the car dealership, like you know, you're still playing
• 43:20
  Speaker 3: the game. Yeah yeah, yeah. So it was like, don't
• 43:25
  Speaker 3: tell them a price, make sure they love the car,
• 43:28
  Speaker 3: work it out on their budget. You know. It was trickery,
• 43:31
  Speaker 3: and so I cleaned all that up and got very successful.
• 43:33
  Speaker 3: And then I started teaching car dealerships how to do it.
• 43:35
  Speaker 3: That was my first business.
• 43:37
  Speaker 6: So you branded yourself, started a side business, yeah, and
• 43:40
  Speaker 6: became a consultant to car That's.
• 43:41
  Speaker 3: Right, that's right, doing your homework these guys.
• 43:46
  Speaker 6: So what did this entrepreneur spirit comfort? Because I mean,
• 43:48
  Speaker 6: all right, so you have a very interesting, you know
• 43:51
  Speaker 6: background as far as something abuse for ten years, that's
• 43:54
  Speaker 6: a long period of time. Yeah, then you become an entrepreneur.
• 43:57
  Speaker 6: Like who taught you entrepreneurship? Nobody man taught yourself. Yeah.
• 44:04
  Speaker 3: You know, I'm not self made. I don't want to
• 44:06
  Speaker 3: say like I'm a self made guy. But like when
• 44:09
  Speaker 3: I was coming up, there was no courses, you know,
• 44:13
  Speaker 3: so hey, grant cardon here, Like I've done that cold
• 44:17
  Speaker 3: call in cities like this show I just did Undercover Billionaire.
• 44:22
  Speaker 3: I knew I could do it. I mean like when
• 44:24
  Speaker 3: they called me and said, hey, can we drop you
• 44:25
  Speaker 3: off in the city and you could build a million
• 44:27
  Speaker 3: dollar business in ninety days, I'm like, yeah, yeah, Like
• 44:31
  Speaker 3: you think you could do it, I'm like yeah, But
• 44:33
  Speaker 3: question is would I do it? Like would I leave
• 44:35
  Speaker 3: my family? Would I get dropped off into something, leave
• 44:38
  Speaker 3: my my my beautiful plane, you know? Would I leave
• 44:41
  Speaker 3: my cush lifestyle, my nice cars? You know, my Gucci slippers. Man,
• 44:47
  Speaker 3: Am I gonna leave all my ship? I gotta leave
• 44:49
  Speaker 3: my Richard at home? Man, I don't real my babies manchie,
• 44:53
  Speaker 3: you know? So am I gonna do that?
• 44:55
  Speaker 6: Like?
• 44:55
  Speaker 3: Can I do it? Yeah?
• 44:56
  Speaker 6: Could? I?
• 44:57
  Speaker 3: Would I do it? Different? Thing? That was the hardest
• 44:59
  Speaker 3: thing I ever done, have done in.
• 45:00
  Speaker 6: My life, under cover million never do it again.
• 45:04
  Speaker 3: Hardest thing. I didn't mean to jump on you, but
• 45:07
  Speaker 3: so you know when I got into real When I
• 45:09
  Speaker 3: got I got fired from that car dealership, and then
• 45:11
  Speaker 3: I started. I was forced to go out and start
• 45:14
  Speaker 3: my own business. I didn't I never had. I want
• 45:17
  Speaker 3: to be an entrepreneur. I want to be a big
• 45:18
  Speaker 3: business guy. I was forced into this.
• 45:21
  Speaker 6: So then from growing that, yeah, you see, you see
• 45:23
  Speaker 6: the value in business, and now you just go in
• 45:26
  Speaker 6: every different you go in other different directions from there.
• 45:28
  Speaker 3: Well, when I was thirty, I started the first business.
• 45:30
  Speaker 3: So I started. This is how I started on There
• 45:32
  Speaker 3: was no Internet, No, there was no social media, there
• 45:34
  Speaker 3: was no verified Hey hey, my name's Grant Cardoon. I
• 45:38
  Speaker 3: would go off the cities. I would go to San Antonio.
• 45:40
  Speaker 3: I lived in Houston at the time. I'd go to
• 45:41
  Speaker 3: San Antonio. Hey, my name is Grant Cardoon. Can you
• 45:44
  Speaker 3: give me five minutes? Click? Yeah. I mean thousands of
• 45:47
  Speaker 3: people's closed doors on me, and that really built this
• 45:50
  Speaker 3: skin that I have today, This this thing that I have,
• 45:53
  Speaker 3: you know, this meet, My ability to stand up for
• 45:57
  Speaker 3: myself is really because of thousands ten that that was
• 46:00
  Speaker 3: a cold cast.
• 46:01
  Speaker 5: So how are you scaling it this time?
• 46:02
  Speaker 6: Right?
• 46:03
  Speaker 5: Because there is no internet, I'll we doing like publications
• 46:05
  Speaker 5: in newspaper, How are you doing?
• 46:07
  Speaker 3: Ever bought a publication? I'd basically get on the phone.
• 46:09
  Speaker 3: I was in Houston. I called Salt Lake City. I'm
• 46:11
  Speaker 3: going on a Saturday and Sunday. I get on the
• 46:14
  Speaker 3: phone and start calling businesses Friday, Saturday and Sunday. And
• 46:17
  Speaker 3: on Sunday night I get on a plane flight to
• 46:18
  Speaker 3: Salt Lake City and start calling on people. Hey, I
• 46:21
  Speaker 3: was the guy you hung up on yesterday. We take
• 46:23
  Speaker 3: a minute and see me. You're the guy, man, You're
• 46:26
  Speaker 3: the guy to call back three times? Yeah, I'm the guy.
• 46:27
  Speaker 3: I just man, I'm just flewing from Houston. I want
• 46:29
  Speaker 3: to come by and see the guy that keeps hanging
• 46:31
  Speaker 3: up on me. Damn, what did I do to you? Man? Okay,
• 46:34
  Speaker 3: come on in, son I's thirty years old, and come in.
• 46:38
  Speaker 3: I talk to him. I can help your sales department.
• 46:40
  Speaker 3: I can show you something. Don't pay me any money,
• 46:42
  Speaker 3: don't give me any money. Let me just show you
• 46:43
  Speaker 3: what I can do. Okay, man, go take a shot.
• 46:47
  Speaker 3: And then that's how I started doing that thirty two
• 46:50
  Speaker 3: years ago.
• 46:50
  Speaker 5: So who's the first business that you got that made
• 46:53
  Speaker 5: That was the break and it was like, you know what,
• 46:54
  Speaker 5: this is the deal that's going to change my life.
• 46:56
  Speaker 3: Dude. I was in Utah. I was in Utah. I
• 46:59
  Speaker 3: was about to clear measure. I was about to quit.
• 47:02
  Speaker 3: You got me in the marms shut out. I can't
• 47:05
  Speaker 3: one wife. So I was in Uh. I was about
• 47:10
  Speaker 3: to quit because it was hard. It's one of the
• 47:12
  Speaker 3: hardest things I've ever done is cold call businesses, any
• 47:15
  Speaker 3: of your rather cold companies. I'm not called I'm cold
• 47:18
  Speaker 3: calling companies. And I didn't have a team doing it.
• 47:23
  Speaker 6: I'm doing it.
• 47:24
  Speaker 3: And then I would still go to the city and
• 47:25
  Speaker 3: call on the very people that hung up on me.
• 47:28
  Speaker 6: So which was a you know, that's different.
• 47:30
  Speaker 5: It's brutal because something like the time you're still paying
• 47:32
  Speaker 5: for long distance we make in these schools.
• 47:33
  Speaker 3: I was paying for and long distance. True story, it's crazy,
• 47:35
  Speaker 3: Like I get two hundred dollars bill. I was terrified
• 47:38
  Speaker 3: and I had no money, no loans. It was all bootstrapped.
• 47:41
  Speaker 3: And Utah was the fourth city I did and I
• 47:45
  Speaker 3: had a breakthrough. Man, I just everything just fell in place.
• 47:48
  Speaker 3: I'm like, this is my gig. And I got so
• 47:52
  Speaker 3: good at that. I started making money as a speaker,
• 47:54
  Speaker 3: and and then three years into it, my asset, this
• 47:58
  Speaker 3: business became a liability. Why because it was no longer
• 48:01
  Speaker 3: it wasn't scalable, Okay, So I got stuck in it.
• 48:04
  Speaker 3: I became I was on the road two hundred and
• 48:06
  Speaker 3: fifty days a year. I didn't have a life. I
• 48:08
  Speaker 3: had money coming in, but.
• 48:10
  Speaker 6: I couldn't multiply yourself.
• 48:12
  Speaker 3: I couldn't multiply it. Man, I didn't know. I couldn't.
• 48:15
  Speaker 3: I wasn't. I wasn't thinking. I was thinking about just
• 48:18
  Speaker 3: hold on. See. I was still I was still financially
• 48:22
  Speaker 3: h illiterate. Because I knew how to get money, I
• 48:25
  Speaker 3: didn't know what to do with it, and so I
• 48:27
  Speaker 3: would just store it. I would just put it off
• 48:29
  Speaker 3: to the side. I bought retirement accounts. I know he
• 48:32
  Speaker 3: loves that retirement agown ship, and I would get that.
• 48:36
  Speaker 3: I got an IRA that was stupid. I got a
• 48:40
  Speaker 3: four O one. I thought I was a genius. You
• 48:43
  Speaker 3: know it was so stupid, dude.
• 48:45
  Speaker 6: So let me ask you this taxes.
• 48:47
  Speaker 3: Yeah, taxes, taxes, my friend, this is what I'm good at.
• 48:51
  Speaker 3: I know how to play.
• 48:52
  Speaker 6: This, this, this is this is what I want to hear. Man.
• 48:54
  Speaker 6: I've heard you say, is this.
• 48:56
  Speaker 3: A Christian channel?
• 48:57
  Speaker 6: No?
• 48:58
  Speaker 3: Okay, good fuck the Irin. Tell him, I said, I
• 49:04
  Speaker 3: think it's going to be in a deposition one day.
• 49:08
  Speaker 6: I said it, tell how you really feel.
• 49:09
  Speaker 3: I don't like him.
• 49:11
  Speaker 6: So you said that I'm paraphrasing.
• 49:14
  Speaker 3: Yeah, yeah.
• 49:14
  Speaker 6: Don't hate the player. Hate the game?
• 49:16
  Speaker 3: Yeah yeah, when the game?
• 49:19
  Speaker 6: When the game? When the game?
• 49:19
  Speaker 3: You got?
• 49:20
  Speaker 6: Learn how to play the game? A clip one viral
• 49:22
  Speaker 6: on Instagram tlding about how you brought the plane at
• 49:24
  Speaker 6: the end of the year. Yeah yeah, man, that's what
• 49:27
  Speaker 6: we had for brother, So give us the game. How
• 49:32
  Speaker 6: wealthy and rich people will boid?
• 49:34
  Speaker 3: Okay, So first of all, you to pull this off,
• 49:37
  Speaker 3: you have to accumulate money. You got to get money.
• 49:40
  Speaker 3: You cannot do this without the bag. So I say,
• 49:43
  Speaker 3: get the bag. Secure the bag, okay, and then you
• 49:46
  Speaker 3: have to use the bag. You cannot. Just like this
• 49:48
  Speaker 3: was I made a reference to Pablo Escobar. He didn't
• 49:51
  Speaker 3: know how to convert the bag cash became his cash.
• 49:55
  Speaker 3: Cash by itself is garbage. Okay. The rats will eat it,
• 50:00
  Speaker 3: the mold will get it. It's just gonna go away.
• 50:02
  Speaker 3: It's being depreciated every second of every day. The greatest
• 50:05
  Speaker 3: tax in the world is inflation. It's a hidden tax.
• 50:09
  Speaker 3: So it goes down in value, right, they just print more.
• 50:11
  Speaker 3: So this this is its ability to buy things goes
• 50:14
  Speaker 3: down in value because the price of things goes up.
• 50:16
  Speaker 3: So what I do with money? Okay, every day I
• 50:19
  Speaker 3: get an account. First thing I do when I get
• 50:21
  Speaker 3: to my office is I look at my cash accounts.
• 50:23
  Speaker 3: The purpose, yeah, the purpose? This is what I saw today. Okay,
• 50:26
  Speaker 3: you don't tell them, Okay, I see this, Okay, that's
• 50:31
  Speaker 3: sitting in cash. I'm like, I have to convert this
• 50:33
  Speaker 3: to an asset, not cash, because this will just continue
• 50:37
  Speaker 3: to be taxed. So there's a game with the tax code.
• 50:44
  Speaker 3: There's certain things that you can buy. A house is
• 50:47
  Speaker 3: not one of them. A car is not one of them.
• 50:50
  Speaker 3: There's a couple of cars that you can actually write
• 50:51
  Speaker 3: off that they're heavy.
• 50:52
  Speaker 6: In over sunds.
• 50:53
  Speaker 3: Yeah, yeah, so you know that's why George Bush did that.
• 50:56
  Speaker 3: By the way, don't hate on George. Okay, he's the
• 50:58
  Speaker 3: one that pushed that sub through there because he was
• 51:00
  Speaker 3: tied to Exxon. So they're like, please keep the suv going,
• 51:05
  Speaker 3: incentivize it with taxes, and that's how they keep the
• 51:07
  Speaker 3: game going. The four to ones in the iras, those
• 51:10
  Speaker 3: are incentivized. Not for us, they're incentivized for Wall Street.
• 51:15
  Speaker 3: Pay people an incentive to make sure they push their
• 51:19
  Speaker 3: money to us, and we will own and control that
• 51:22
  Speaker 3: money for thirty or forty years on Wall Street and
• 51:26
  Speaker 3: they can hope and wait for retirement. Tonya. It's a scam.
• 51:29
  Speaker 3: I'm not a conspiracy guy. It's just obvious.
• 51:31
  Speaker 6: Right.
• 51:32
  Speaker 3: So there's certain parts of the tax code when they
• 51:34
  Speaker 3: write it, if you study it, that allow me to
• 51:37
  Speaker 3: go do things that takes advantage of the tax code.
• 51:40
  Speaker 3: This is one of them. Okay, So that that plane
• 51:44
  Speaker 3: if you can afford to write a check for that
• 51:46
  Speaker 3: plane or get a loan for that plane. That plane's
• 51:49
  Speaker 3: brand new, sixty one million dollars.
• 51:51
  Speaker 6: Okay.
• 51:52
  Speaker 3: So so at the end of what year was it?
• 51:55
  Speaker 3: By the way, the irs will see this, Okay, here
• 52:00
  Speaker 3: it is. It's the truth. That's how big the code is,
• 52:02
  Speaker 3: and that's how legal this is. So at the end
• 52:05
  Speaker 3: of the year, I had this big major tax bill
• 52:06
  Speaker 3: on my account. It calls me and says, look, you're
• 52:08
  Speaker 3: gonna o X. I'm like, okay, well, we're gonna do
• 52:10
  Speaker 3: about it. There's nothing you can do about I've looked
• 52:12
  Speaker 3: at everything, everything the account. It says, everything has been
• 52:16
  Speaker 3: looked at. I'm earning my money, bro, something can always
• 52:20
  Speaker 3: be done about it. Like I have used this for
• 52:22
  Speaker 3: thirty years. There's always something you can do about something.
• 52:26
  Speaker 3: And the moment you throw into talent says you can't
• 52:27
  Speaker 3: do anything, you just quit. So something can be done
• 52:30
  Speaker 3: about So I started researching. I'm like, I could buy
• 52:32
  Speaker 3: a plane. I could buy a plane, wipe the whole
• 52:34
  Speaker 3: thing out this year, the following year and in the
• 52:38
  Speaker 3: third year from now. So I called golf stream up
• 52:41
  Speaker 3: and I'm like, hey, you guys got a golf stream
• 52:42
  Speaker 3: five fifty. Now we don't have any of this. Sold
• 52:44
  Speaker 3: out for two years.
• 52:45
  Speaker 6: Okay.
• 52:46
  Speaker 3: So called him a second time. You got to go
• 52:47
  Speaker 3: stream five bit. No, nope, we sold out for two years.
• 52:50
  Speaker 3: Called the guy back in, Can you find me something?
• 52:52
  Speaker 3: Come on, man, I got fourteen days till the end
• 52:53
  Speaker 3: of the year. He's like, Grant, if I could, I would.
• 52:56
  Speaker 3: I want to sell you a plane. It's going to
• 52:58
  Speaker 3: be two years. So I went to my I said,
• 53:00
  Speaker 3: wire them sixty million dollars. Wired goulfstream sixty million dollars
• 53:04
  Speaker 3: right now, she sends the wire, hits the wire, boom,
• 53:07
  Speaker 3: they get it. I call Rick up, Rick, go to
• 53:09
  Speaker 3: your accounting department. I've done this more than once to people.
• 53:11
  Speaker 3: So call your accounting department and he's like, oh my god,
• 53:16
  Speaker 3: nobody's ever done this before. Can you find me a jet?
• 53:19
  Speaker 3: Rick hold on one second, calls the president of company.
• 53:21
  Speaker 3: They're like, we found you a jet. They delivered that
• 53:24
  Speaker 3: jet with three days left in the year. I wrote
• 53:26
  Speaker 3: off the entire jet that year.
• 53:28
  Speaker 6: So you got off sixty million.
• 53:29
  Speaker 3: Yeah, oh my taxes. I wrote off what we agreed on, okay,
• 53:33
  Speaker 3: which was less than six okay, okay. Now the point
• 53:36
  Speaker 3: of The story is if you can prepay into the
• 53:39
  Speaker 3: future with assets, Like last year, I bought millions of
• 53:43
  Speaker 3: dollars of media for twenty twenty one and pay for
• 53:47
  Speaker 3: it in twenty twenty to reduce my tax bill in
• 53:50
  Speaker 3: twenty twenty to zero media advertising. So like that show
• 53:55
  Speaker 3: I did on a Discovery Undercover Billionaire, my ad comes
• 53:58
  Speaker 3: in at thirty seconds. Okay, it's a thirty second ad.
• 54:01
  Speaker 3: I paid them a million dollars in December, so just
• 54:05
  Speaker 3: for the whole I wrote it off for. I wrote
• 54:07
  Speaker 3: it off for last year. Yeah, to reduce my tax.
• 54:09
  Speaker 6: But you paid in advance for this year.
• 54:11
  Speaker 3: And it already paid for it going forward.
• 54:13
  Speaker 6: It's like if somebody wanted to run an add on
• 54:14
  Speaker 6: or your legion, it.
• 54:15
  Speaker 3: Was dude, just dump it man. They owned dump it.
• 54:17
  Speaker 3: Like at the in December, we still calling people, man,
• 54:19
  Speaker 3: pre pay for next year.
• 54:20
  Speaker 5: So when you paid sixty million for this jet, how
• 54:23
  Speaker 5: are you using it for the next three years? Is
• 54:24
  Speaker 5: because the maintenance of it?
• 54:25
  Speaker 3: Well no, no, so well still I don't own the
• 54:27
  Speaker 3: jet right the jet's mind. So what I'm doing is is,
• 54:31
  Speaker 3: let's say my tax bill that year was thirty million. Yeah,
• 54:33
  Speaker 3: my tax bill went to zero. Right this next year,
• 54:36
  Speaker 3: I still had thirty million left.
• 54:38
  Speaker 6: Right next year, income gotch So the.
• 54:41
  Speaker 3: Game is just so everybody understands, Like, my job, My
• 54:44
  Speaker 3: goal is to reduce my tax bill a zero or
• 54:46
  Speaker 3: below every year. I don't feel bad about it. Anybody
• 54:50
  Speaker 3: hates on me because I don't want to pay taxes,
• 54:52
  Speaker 3: hate on me. I'm gonna figure out how not to
• 54:54
  Speaker 3: pay these fools.
• 54:55
  Speaker 6: Okay.
• 54:56
  Speaker 3: On the other hand, I have a billion two billion
• 54:59
  Speaker 3: dollars worth of real estate. Did I pay taxes on
• 55:01
  Speaker 3: every year? That's forty million in property taxes. I have
• 55:04
  Speaker 3: five hundred employees. I pay taxes on these people, right,
• 55:07
  Speaker 3: we produce and buy a lot of things. I'm paying
• 55:09
  Speaker 3: plenty of taxes. There's like, how many different taxes are
• 55:11
  Speaker 3: the income taxes, state taxes, purchase taxes, vehicle taxes, capital
• 55:17
  Speaker 3: games tax gets, sick taxes, taxes, state tax argue taxes,
• 55:22
  Speaker 3: and state taxes.
• 55:24
  Speaker 6: Yeah.
• 55:25
  Speaker 3: I'm like, every time I look around, they're trying to
• 55:27
  Speaker 3: tax me.
• 55:29
  Speaker 6: So your goal is to pay zero taxes.
• 55:32
  Speaker 3: Play the game. Play the game. I told you if
• 55:35
  Speaker 3: I could ever become a diplomat, I sell everything I have. Yeah. Sure,
• 55:40
  Speaker 3: So the reason these guys, take me.
• 55:43
  Speaker 6: Can we rephrase it?
• 55:44
  Speaker 3: Yeah?
• 55:44
  Speaker 6: Yeah, mister ambassador, can you.
• 55:45
  Speaker 3: Talk about I took the job. I really care about
• 55:50
  Speaker 3: the Dominican Republic. I've been connected to the Dominica Republic
• 55:54
  Speaker 3: for years when I was in a cruise lineer. Once,
• 55:57
  Speaker 3: Hey there's the Dominican republiccy So yeah, there's my receipt.
• 56:03
  Speaker 3: So when a guy gets a job in a cabinet
• 56:07
  Speaker 3: position with the US government, okay, like the guy that
• 56:10
  Speaker 3: did last year. His name's Tillman or something with excellent.
• 56:14
  Speaker 3: He left the CEO job. He had billions of dollars
• 56:17
  Speaker 3: with the assets. If he cashed out everything he had,
• 56:20
  Speaker 3: he would have paid hundreds of millions of dollars in taxes. Instead,
• 56:24
  Speaker 3: he took a job on Trump's cabinet. At that moment
• 56:27
  Speaker 3: they wipe out his tax bill, he could sell everything
• 56:30
  Speaker 3: and walk away, walk away.
• 56:32
  Speaker 6: With the bag. And that's only while you're actually a diplomat.
• 56:34
  Speaker 3: No, no, you're good.
• 56:35
  Speaker 6: Perpetuity, well, no, he's good.
• 56:37
  Speaker 3: No, No, I don't think it's perpetued while you're actually while
• 56:39
  Speaker 3: you're but he'll cash out at that moment, he'll now
• 56:43
  Speaker 3: rather than having let's say he had five billion, rather
• 56:48
  Speaker 3: than having half that. He has five billion to work
• 56:51
  Speaker 3: with because he would have probably paid half that in taxes.
• 56:53
  Speaker 3: He has a whole five billion to work with the
• 56:55
  Speaker 3: rest of his career.
• 56:57
  Speaker 5: Let he say it's two point five billion. Even if
• 56:59
  Speaker 5: there's the state, is I think.
• 57:02
  Speaker 3: Or something you know, got all this power, all these connections.
• 57:05
  Speaker 3: The point is everybody needs to learn the games.
• 57:08
  Speaker 6: Man.
• 57:08
  Speaker 3: Don't hate on the game. Don't hate on the player.
• 57:10
  Speaker 6: That's the real diplomatic community.
• 57:12
  Speaker 3: Yeah, exactly, facts, exactly.
• 57:14
  Speaker 6: So going back to real estate, do you feel like
• 57:17
  Speaker 6: it's a real estate crisis about to happen? You talked
• 57:19
  Speaker 6: about how many people as go to work.
• 57:21
  Speaker 3: I think there's a real estate crisis about to happen.
• 57:23
  Speaker 6: Who's gonna hurt.
• 57:24
  Speaker 3: It's gonna hurt single family owns.
• 57:26
  Speaker 6: Not multi in the middle, in the middle, not multi family.
• 57:28
  Speaker 3: No, it's gonna do everybody.
• 57:31
  Speaker 6: Like you said, it stays like New York. Right, Yeah,
• 57:33
  Speaker 6: you can't. You can't to kick somebody.
• 57:34
  Speaker 3: Hell, you shouldn't be in New York. I've been telling
• 57:37
  Speaker 3: people for years. Man, you got to stay away from
• 57:40
  Speaker 3: places where you don't own the property. Like you don't
• 57:44
  Speaker 3: own the property, you don't own it. If you owned it,
• 57:47
  Speaker 3: you can get people out of your place. Like my house,
• 57:51
  Speaker 3: my kids start acting up, I kick him out. I'm like,
• 57:55
  Speaker 3: you got got to get out of here now. Okay,
• 57:58
  Speaker 3: the moment the law says, I can't kick my kid out,
• 58:00
  Speaker 3: I don't own the house anymore.
• 58:01
  Speaker 6: They do.
• 58:03
  Speaker 3: Same thing with the tenants. So you guys that own homes,
• 58:06
  Speaker 3: I mean, I know a bunch of people in New
• 58:07
  Speaker 3: York that own stuff. They're scared right now.
• 58:09
  Speaker 6: The banks are scared up.
• 58:10
  Speaker 3: There because if I can't collect the rent, I can't
• 58:13
  Speaker 3: pay the mortgage. And then what happens is the whole
• 58:15
  Speaker 3: neighborhood goes down. When the shopping center down the street
• 58:18
  Speaker 3: goes blank because nobody, the beauty salon, the restaurant, the
• 58:22
  Speaker 3: bar aren't open. It hurts all the whole neighborhood. Everybody
• 58:25
  Speaker 3: gets brutalized by this. So like, I just I lived
• 58:30
  Speaker 3: in California twenty five years. I left there when they
• 58:32
  Speaker 3: started their foolishness of raising taxes. I'm like, when they
• 58:35
  Speaker 3: raise taxes, they should have lowered them. If they'd have
• 58:36
  Speaker 3: lowered them, people they had rolled in there and spent
• 58:39
  Speaker 3: more money. But so you got to invest in real
• 58:43
  Speaker 3: estate where you're protected, will you own it, you can
• 58:45
  Speaker 3: control it, the tenant, the landlord, the owner of the company.
• 58:49
  Speaker 6: Landlord friendly states.
• 58:50
  Speaker 3: Landlord friendly where they respect property ownership.
• 58:53
  Speaker 5: So that was your strategy, because I know you've invested
• 58:56
  Speaker 5: in multiple states. You're going into it thinking like, Yo,
• 58:58
  Speaker 5: I need to be in a state protected as.
• 59:00
  Speaker 3: An owner, property protected, landlord friendly, taxas friendly. Look where
• 59:07
  Speaker 3: I'm invested in Florida, Texas, Alabama, Southeast, all that northern,
• 59:13
  Speaker 3: all that ice, those ice states are all going to
• 59:16
  Speaker 3: migrate this way. It's happening now.
• 59:18
  Speaker 6: Yeah. And a lot of companies in corporations are leaving too.
• 59:21
  Speaker 6: Oh yeah, So TENANX, Let's talk about the Tennant conference, right,
• 59:25
  Speaker 6: you have a vision the big man Tennight's conference is
• 59:30
  Speaker 6: like a rock star. You've turned into a financial rock
• 59:33
  Speaker 6: star of sorts, and you have like twenty thousand people,
• 59:37
  Speaker 6: thirty thousand people. You're bringing Rick Ross and Kevin Hard
• 59:39
  Speaker 6: out and snoop snoop. Yeah, it's a whole it's a
• 59:43
  Speaker 6: whole situation for sure.
• 59:45
  Speaker 3: Uh sure, come on, man, keep dropping you dropping them.
• 59:48
  Speaker 3: I don't have to.
• 59:48
  Speaker 6: So what's your Floyd shot out to the Floyd Steve Harvey,
• 59:51
  Speaker 6: you need him on the show.
• 59:52
  Speaker 3: Steve Harvey, you know another guy that means some freaking like.
• 59:55
  Speaker 6: What's so, what's the what? What was the plan? What
• 59:57
  Speaker 6: was the plan? And putting that together that you say, Okay,
• 59:59
  Speaker 6: I don't I want to just do a financial literacy tool.
• 1:00:01
  Speaker 6: I don't want to do it. I want to do
• 1:00:03
  Speaker 6: mix all of these different things and like how does
• 1:00:05
  Speaker 6: that come in.
• 1:00:05
  Speaker 3: I want to erase the line between entertainment and business
• 1:00:09
  Speaker 3: because I think that I think that you know, my
• 1:00:12
  Speaker 3: wife's an actress, right, and I said, you got to
• 1:00:14
  Speaker 3: get out of this actress thing, and she's like, well,
• 1:00:17
  Speaker 3: that's what I am. I said, you need to get
• 1:00:18
  Speaker 3: out of the acting thing. It's it's a garbage business.
• 1:00:21
  Speaker 3: You need to get on this side. And she's like, well,
• 1:00:24
  Speaker 3: you're a businessman. I said no, no, I'm acting like
• 1:00:26
  Speaker 3: a businessman, okay, because they ain't no money in acting.
• 1:00:30
  Speaker 3: So so I'm out of the acting thing. I'm going
• 1:00:33
  Speaker 3: to be a businessman and I'm gonna make his famous
• 1:00:36
  Speaker 3: because because I think that that money follows entertainment, and
• 1:00:40
  Speaker 3: the problem with education is education is terribly boring and
• 1:00:43
  Speaker 3: nobody wants to watch it. I mean, Grandpa, look at Grandpa. Okay,
• 1:00:47
  Speaker 3: Grandpa said, okay, because he's a tool of Wall Street.
• 1:00:53
  Speaker 3: His sponsors are Wall Street driven and Big Pharma. You know,
• 1:00:58
  Speaker 3: save your money, son, save you money, save you money,
• 1:01:01
  Speaker 3: save you money, save you money, save you money. I
• 1:01:03
  Speaker 3: don't want to save my money, dude, I want to
• 1:01:04
  Speaker 3: use money. Money is useless until it is used. So
• 1:01:07
  Speaker 3: I told my wife twelve years ago, I said, look, quit,
• 1:01:10
  Speaker 3: quit that damn career. I'll make you famous and boom
• 1:01:12
  Speaker 3: Facebook and Instagram and YouTube. She's like, how are you
• 1:01:15
  Speaker 3: going to do that? I said, look, look at all this,
• 1:01:17
  Speaker 3: We're gonna do it. And then when I got into
• 1:01:20
  Speaker 3: a position where people started paying attention to my message,
• 1:01:24
  Speaker 3: I was able to start bringing some of these super
• 1:01:25
  Speaker 3: superstars together and they resonate with the idea of financial literacy,
• 1:01:29
  Speaker 3: have fun, entertainment and education.
• 1:01:34
  Speaker 5: So was there I mean, you have a basch list
• 1:01:37
  Speaker 5: of people that you interviewed. Was there an entertainer that
• 1:01:40
  Speaker 5: surprised you with how much business have you that they act?
• 1:01:42
  Speaker 3: Kevin hart Man, Kevin Kevin's He's a base and it's
• 1:01:47
  Speaker 3: easy to be with the guy, like like other guys
• 1:01:51
  Speaker 3: are a little little stiffer, you know, like if they
• 1:01:53
  Speaker 3: if they're big on movies and their script and their scripts,
• 1:01:55
  Speaker 3: they're harder to interview, like interviewing for me, what you
• 1:01:58
  Speaker 3: guys are doing right now? That's I would rather be
• 1:02:00
  Speaker 3: on this side than your side. I didn't need an interview.
• 1:02:03
  Speaker 3: Did I hate it? Do you hate it?
• 1:02:05
  Speaker 6: No? I love it. I mean we're so used to it.
• 1:02:08
  Speaker 3: Man, you guys good at it numbers. I would rather
• 1:02:15
  Speaker 3: talk to twenty thousand people do a deliber a message
• 1:02:19
  Speaker 3: than than do an interview.
• 1:02:21
  Speaker 6: One thing you said that really resonated with me months ago.
• 1:02:25
  Speaker 6: Never waste a good crisis, never, man, never waste a
• 1:02:28
  Speaker 6: good crisis, was a legendary quote. Right, what do you
• 1:02:32
  Speaker 6: mean by that?
• 1:02:33
  Speaker 3: Two thousand and eight I wasted. I wasn't in a
• 1:02:35
  Speaker 3: position to go on offense. And in two thousand and eight,
• 1:02:38
  Speaker 3: that was twelve years ago. Thirteen years ago, two thousand
• 1:02:41
  Speaker 3: and eight happened. Two businesses got cut in half. The
• 1:02:44
  Speaker 3: two companies I had got cut in half. My real
• 1:02:46
  Speaker 3: estate got frozen. The bank I owed fifty million two
• 1:02:49
  Speaker 3: went under like it was terrible, and I was sitting
• 1:02:51
  Speaker 3: there like I couldn't do anything. I was terrified, and
• 1:02:55
  Speaker 3: I told my wife In two thousand and eight. I said,
• 1:02:57
  Speaker 3: the next time this happens, we'll have a billion dollars.
• 1:02:59
  Speaker 3: Other day, okay, we had fifty million, I said, we'll
• 1:03:03
  Speaker 3: have twenty times and I'll have I won't have four
• 1:03:07
  Speaker 3: hundred units, We'll have four thousand. We had nine thousand.
• 1:03:11
  Speaker 3: And the next time we're gonna go, we're gonna go
• 1:03:13
  Speaker 3: eat stuff like like a humpback whale eats krill, and
• 1:03:18
  Speaker 3: we're gonna go gobble stuff up. Because this is what
• 1:03:20
  Speaker 3: these giants do. They take advantage of crisis and problems
• 1:03:23
  Speaker 3: and opportunities. And so if you can't be on offense,
• 1:03:27
  Speaker 3: and you can't stay on the state, stay on the field,
• 1:03:29
  Speaker 3: you can't win. And most crisis send everybody back to
• 1:03:32
  Speaker 3: the bleachers. And I say, go bigg or go oh man,
• 1:03:37
  Speaker 3: go bigger. Never go home, man, ain't nothing. Home is
• 1:03:42
  Speaker 3: when you had your ass, will like I'm going home,
• 1:03:45
  Speaker 3: and shit, I had my ass going home. Mama, Mama
• 1:03:47
  Speaker 3: loved me. So I never go home. Man, I go bigger,
• 1:03:50
  Speaker 3: go bigger, because if you go big enough, if you
• 1:03:52
  Speaker 3: go big enough this time. The last time, when the
• 1:03:57
  Speaker 3: economy failed, the banks called my life. So we need
• 1:04:01
  Speaker 3: the money this time Okay, I owe twenty times more money,
• 1:04:06
  Speaker 3: thirty times more money, and the banks called and said,
• 1:04:08
  Speaker 3: we'd like to help you through this. So when you
• 1:04:13
  Speaker 3: get big enough, you got partners. When you stay small,
• 1:04:16
  Speaker 3: ain't nobody.
• 1:04:17
  Speaker 6: Gonna help you undercover billionaire? So what is the deal
• 1:04:21
  Speaker 6: with that? I actually read that you guys had stopped
• 1:04:24
  Speaker 6: for a little bit because you wasn't happy that they
• 1:04:27
  Speaker 6: rolled it out during the presidential transition.
• 1:04:31
  Speaker 3: Well, there's a lot of things I'm not happy about, okay.
• 1:04:33
  Speaker 3: So me and Discovery been fighting since the get go,
• 1:04:36
  Speaker 3: since February last.
• 1:04:37
  Speaker 6: Year, so you know, not really feeling that situation.
• 1:04:41
  Speaker 3: I mean, I'm feeling it, but so are they. They're like, God,
• 1:04:45
  Speaker 3: damn man, this guy's loud, you know. So look, four
• 1:04:49
  Speaker 3: days into the shoot, I got dropped off in a
• 1:04:51
  Speaker 3: town called Publo, Colorado, plane Lands. I've never been there.
• 1:04:55
  Speaker 3: I can't use my name, shaved my head, look like
• 1:04:57
  Speaker 3: you had a beard growing out of ray in it.
• 1:05:01
  Speaker 3: They dropped me off in a town with the average
• 1:05:03
  Speaker 3: income I think household income is twenty four thousand dollars.
• 1:05:06
  Speaker 3: Like the town's beat up. If you got any of
• 1:05:08
  Speaker 3: you saw the show. They dropped two girls off into
• 1:05:11
  Speaker 3: Tacoma and Fresno. They dropped me off from Pueblo. You
• 1:05:14
  Speaker 3: look at those three towns from a satellite image, You're like,
• 1:05:17
  Speaker 3: I don't want that one. You can tell what Bublo is.
• 1:05:20
  Speaker 3: There's nothing there. So four days into the deal, I
• 1:05:23
  Speaker 3: hit the ground. They give me one hundred bucks. They said,
• 1:05:26
  Speaker 3: what's the first thing you're gonna do when you get
• 1:05:27
  Speaker 3: to town. I need to go to the bank. They said,
• 1:05:29
  Speaker 3: why you only got one hundred dollars. So I said,
• 1:05:31
  Speaker 3: I know, I'm gonna get rid of it. And they're like,
• 1:05:32
  Speaker 3: what do you mean. I said, I don't need this
• 1:05:33
  Speaker 3: hundred dollars. I'm gonna get rid of the hundred. I
• 1:05:36
  Speaker 3: want to go to zero as fast as I can.
• 1:05:38
  Speaker 3: Number two, I need to go work out. I need
• 1:05:40
  Speaker 3: to go to a gym. They're like, why would you
• 1:05:42
  Speaker 3: go to a gym? You know, I'm like, because there's
• 1:05:44
  Speaker 3: people there and I need people because I don't have
• 1:05:47
  Speaker 3: any money. And the third place I'm gonna go to
• 1:05:50
  Speaker 3: is some businesses for sale. That's the first three things
• 1:05:52
  Speaker 3: I did when I got to the town. For the
• 1:05:53
  Speaker 3: next four days. You guys don't actually see it because
• 1:05:56
  Speaker 3: the way they cut it on the fourth day, Discovery
• 1:05:59
  Speaker 3: has a manager were meeting with me and says, hey,
• 1:06:01
  Speaker 3: on the fourth morning, they said, you had an appointment
• 1:06:05
  Speaker 3: this morning at nine. We're holding it off. We need
• 1:06:07
  Speaker 3: to meet with you. And they get on this zoom
• 1:06:10
  Speaker 3: call and they're like, look, if you continue like this,
• 1:06:13
  Speaker 3: we're going to pull the plug.
• 1:06:14
  Speaker 6: So you were just going to roll.
• 1:06:16
  Speaker 3: I was going, man like, look, you're putting people in danger.
• 1:06:22
  Speaker 3: The crew hate you. People are fighting. We've already had
• 1:06:25
  Speaker 3: two people quit. I'm like, so, but what the fuck
• 1:06:30
  Speaker 3: why are we having a meeting about this ship? And
• 1:06:32
  Speaker 3: they're like, what do you mean you don't care. I'm like, look,
• 1:06:35
  Speaker 3: a month and a half ago, I had a meeting
• 1:06:38
  Speaker 3: with you guys in l A. Okay. I sat across
• 1:06:40
  Speaker 3: from the president of Discovery, okay, and I had it
• 1:06:45
  Speaker 3: back just like this. My bag is only my bag
• 1:06:51
  Speaker 3: only make fifty three pounds, that's what a.
• 1:06:54
  Speaker 6: Million dollars whatever it is.
• 1:07:00
  Speaker 3: Whatever. Theuers are cars. I don't even like these people.
• 1:07:07
  Speaker 3: So we've been fighting now since February shooting that show,
• 1:07:11
  Speaker 3: and we're still fighting. So what's happening right now is
• 1:07:14
  Speaker 3: they pulled it off the TV partially because of the
• 1:07:16
  Speaker 3: capital was burnt down.
• 1:07:17
  Speaker 5: You've made no secret that you've taken losses before, and
• 1:07:21
  Speaker 5: perseverance is obviously one of your best traits. What is
• 1:07:24
  Speaker 5: you know? I don't know, and maybe you can answer this.
• 1:07:27
  Speaker 5: It's to perseverance. Something that can be taught is you
• 1:07:29
  Speaker 5: have to learn these lessons that's actually going through.
• 1:07:31
  Speaker 3: Dude. If I don't, if I if I quit, then
• 1:07:33
  Speaker 3: I then I got to start all over again, Like
• 1:07:35
  Speaker 3: I just do the math I quitting, and if I quit,
• 1:07:38
  Speaker 3: I got to start it. Like you can't really quit.
• 1:07:42
  Speaker 3: There's no way to quit the game. And and because
• 1:07:46
  Speaker 3: the moment you quit, you just got to start over again.
• 1:07:49
  Speaker 3: Like if you quit a marathon then you wanted to
• 1:07:51
  Speaker 3: finish one, You're gonna be sitting there the whole time
• 1:07:54
  Speaker 3: thinking I quit, And so I wanted to quit. Undercover
• 1:07:58
  Speaker 3: millionaire for ninety days, day for ninety days. Call my
• 1:08:02
  Speaker 3: wife every day, I'm quitting today. She's like, you ain't quitting.
• 1:08:06
  Speaker 3: She's like, you ain't quitting. You got to do this.
• 1:08:08
  Speaker 3: You got to prove to people. You got to prove
• 1:08:10
  Speaker 3: to people that you can do this and that they
• 1:08:13
  Speaker 3: can do it. And you know the idea that you
• 1:08:16
  Speaker 3: need money to make money. It's not true. You just
• 1:08:18
  Speaker 3: do not need it. And I literally that that one
• 1:08:22
  Speaker 3: hundred dollars. I never spent one hundred dollars the entire time.
• 1:08:24
  Speaker 6: I was going to ask you, why did you go
• 1:08:25
  Speaker 6: to the bank? What did you do?
• 1:08:26
  Speaker 3: What you said to get rid of the hundred?
• 1:08:27
  Speaker 6: So how did you get rid of it?
• 1:08:29
  Speaker 3: I said, deposit it? Oh, I got it, started checking account.
• 1:08:32
  Speaker 6: So you just didn't want the temptation of having I don't.
• 1:08:34
  Speaker 3: Want the hundred. I don't want to be a manager.
• 1:08:37
  Speaker 3: I got one hundred dollars. I'm gonna be him. I'm
• 1:08:40
  Speaker 3: gonna manage one hundred dollars. I don't want to watch
• 1:08:42
  Speaker 3: I got to manage it. I mean the best thing
• 1:08:43
  Speaker 3: about that show was I didn't have my stuff with me,
• 1:08:45
  Speaker 3: because you don't have to manage it. I didn't have
• 1:08:47
  Speaker 3: a plane, didn't have my watch, didn't have my credit cards,
• 1:08:51
  Speaker 3: didn't have cash. Dude, all you got, all you got
• 1:08:53
  Speaker 3: is you, and when all you got is you get
• 1:08:55
  Speaker 3: you get to meet you. I got to meet all
• 1:08:57
  Speaker 3: of me. Okay, I had a different name, and I
• 1:08:59
  Speaker 3: have my shade, but I got to meet my courage,
• 1:09:02
  Speaker 3: my commitment, my creativity, my persistence my note quit Like,
• 1:09:07
  Speaker 3: you know, I'm a beast when you put me up
• 1:09:09
  Speaker 3: against the wall.
• 1:09:10
  Speaker 6: What's one last question before we wrap? What's your strategy
• 1:09:13
  Speaker 6: on marketing? Because you've you've branded yourself, done a great job. Yeah,
• 1:09:17
  Speaker 6: thank you, thank you, thanks And you put out content
• 1:09:19
  Speaker 6: out of rapid patient all the time.
• 1:09:22
  Speaker 3: Thank you. Thanks.
• 1:09:23
  Speaker 6: So what is your content strategy? What's your strategy on marketing?
• 1:09:28
  Speaker 3: The story that I told you about Nancy is a
• 1:09:30
  Speaker 3: marketing move. Okay, it's not. It really wasn't about discovery.
• 1:09:34
  Speaker 3: It really wasn't about the million dollars. Okay, it was
• 1:09:36
  Speaker 3: a marketing You to market, you have to have stories.
• 1:09:40
  Speaker 3: And so what I do is I create stories. There's
• 1:09:43
  Speaker 3: a story man, you know, filling up Miami Marland Stadium.
• 1:09:47
  Speaker 3: I put thirty four thousand people in there on Super
• 1:09:50
  Speaker 3: Bowl weekend twenty seventeen. People like, why would you do
• 1:09:53
  Speaker 3: that weekend? Because I know what I'm doing though, Okay,
• 1:09:56
  Speaker 3: because it's a story and stories mythology. If you stories,
• 1:10:00
  Speaker 3: big stories, big stories keep being told and they get
• 1:10:04
  Speaker 3: bigger and bigger and bigger over time. So you know,
• 1:10:07
  Speaker 3: I spent I think we spent ten million dollars to
• 1:10:10
  Speaker 3: rent Miami Marland Stadium Marketing send out four hundred million
• 1:10:15
  Speaker 3: emails four hundred million, now four hundred thousand million, four
• 1:10:20
  Speaker 3: hundred million emails in one year to a list to
• 1:10:23
  Speaker 3: fill that stadium up on Super Bowl weekend. Steve Harvey
• 1:10:26
  Speaker 3: came and spoke and he's like, dude, who are you man? Like? What? What?
• 1:10:30
  Speaker 6: Who? Who?
• 1:10:32
  Speaker 3: In their right mind? By the way, he's a he's
• 1:10:34
  Speaker 3: a you know, he's a very church got god believing man.
• 1:10:37
  Speaker 3: Until until he gets behind the stage he starts, who
• 1:10:41
  Speaker 3: are you man? Who in their right mind would rent
• 1:10:45
  Speaker 3: a stadium on Super Bowl weekend and think that they
• 1:10:48
  Speaker 3: could fill it up? And you're not jay Z and
• 1:10:49
  Speaker 3: you're not Beyonce for three days to teach people about
• 1:10:52
  Speaker 3: money and business. And I'm like, dude, I did it
• 1:10:55
  Speaker 3: to tell a story because from now on, Grant Cartleton's
• 1:10:58
  Speaker 3: the guy that filled up that stadium on two thousand
• 1:11:00
  Speaker 3: and seventeen. So that's part of the marketing game. The
• 1:11:02
  Speaker 3: marketing game. You can't just have ads. You gotta I
• 1:11:06
  Speaker 3: gotta have a story.
• 1:11:07
  Speaker 6: Now that's a gym what you just said. That's why.
• 1:11:09
  Speaker 6: So we just got those two kids, I got, Yeah,
• 1:11:12
  Speaker 6: then they're not yours. No, biologically, they're not mine at all.
• 1:11:17
  Speaker 3: It's a story, man, I read it.
• 1:11:26
  Speaker 5: I want to say you're doing it's like a natural's weird.
• 1:11:32
  Speaker 3: Shown you're willing to go for McGregor, you're willing to
• 1:11:38
  Speaker 3: go places that other people are.
• 1:11:40
  Speaker 6: These ain't no. But so we got a truck, right,
• 1:11:45
  Speaker 6: an eighteen wheeler. Yeah, and you know it was it's
• 1:11:49
  Speaker 6: our first truck from New York. So we're not into trucking.
• 1:11:51
  Speaker 6: Shout out to Alex. Then this guy he got in
• 1:11:53
  Speaker 6: the truck. So long story short, we got the truck
• 1:11:56
  Speaker 6: and we're gonna put the truck on the road, but
• 1:11:58
  Speaker 6: I'm like, we gotta wrap it first. So are Low
• 1:12:00
  Speaker 6: goes a little different. It's like emojis. So when you
• 1:12:02
  Speaker 6: saw like us with Dave Ramsey and it's like you
• 1:12:05
  Speaker 6: see two young black guys with emojis in the top
• 1:12:07
  Speaker 6: three business, It's like, you know, it's interesting. So I'm like,
• 1:12:10
  Speaker 6: we're gonna put ERNR lesion on and wrap it. We
• 1:12:12
  Speaker 6: all agree to it, but it was taken a while.
• 1:12:15
  Speaker 6: So one of my other friends was like, let's just
• 1:12:17
  Speaker 6: put it on the road first and let's not worry
• 1:12:19
  Speaker 6: about it. I'm like, no, no, No, we can't put on
• 1:12:20
  Speaker 6: a road before he wrap it because we got to
• 1:12:22
  Speaker 6: take pictures of this document and put it on Instagram
• 1:12:24
  Speaker 6: because I know what that's gonna do. It becomes a story.
• 1:12:27
  Speaker 6: A lot of people have trucks, A lot of people
• 1:12:29
  Speaker 6: don't have emojis on the truck yet, yeah have this.
• 1:12:31
  Speaker 6: So when we put it on there and then it
• 1:12:33
  Speaker 6: goes viral like oh this is crazy. So now the
• 1:12:36
  Speaker 6: truck is cool, but the marketing and the building of
• 1:12:39
  Speaker 6: the brand, now it becomes bigger than just a one
• 1:12:42
  Speaker 6: eighteen wheeler. It becomes like, this is crazy. What's your
• 1:12:45
  Speaker 6: best marketing player? You ever did?
• 1:12:48
  Speaker 3: What's the best marketing player?
• 1:12:49
  Speaker 6: Yeah?
• 1:12:51
  Speaker 3: Man, it's got my name on it everything, right, you
• 1:12:54
  Speaker 3: can't miss it. So here's a good one. Well that's
• 1:12:59
  Speaker 3: what I was going to pull up. Okay, so like, uh,
• 1:13:02
  Speaker 3: this is coming. You know, these are investments, right. I
• 1:13:05
  Speaker 3: get to write it up and I get to use
• 1:13:06
  Speaker 3: it in the marketing. So we'll put people in that.
• 1:13:09
  Speaker 3: Everybody's gonna take pictures of it. That takes money, man,
• 1:13:12
  Speaker 3: you know Instagram and Facebook. YouTube is my best Like
• 1:13:15
  Speaker 3: YouTube is my boy, Like you know, it's my little brother.
• 1:13:19
  Speaker 3: I love you. Take everything away from me? Do not
• 1:13:22
  Speaker 3: take much? Did my YouTube from me?
• 1:13:23
  Speaker 6: Man?
• 1:13:24
  Speaker 3: My YouTube? Like I love YouTube because you know why?
• 1:13:26
  Speaker 3: Because it keeps building.
• 1:13:28
  Speaker 6: Yeah, digital real estate, digital real estate, shout the n X.
• 1:13:32
  Speaker 6: Yeah yeah, it's a good friend of ours as well.
• 1:13:35
  Speaker 6: My friends with everybody.
• 1:13:37
  Speaker 3: I'll say, YouTube, you ain't friends with everybody, man.
• 1:13:40
  Speaker 6: Basically almost we're getting there.
• 1:13:43
  Speaker 3: Okay, you got you gotta have some haters, man, you
• 1:13:47
  Speaker 3: got to have some people that you're up against.
• 1:13:49
  Speaker 6: You know, you ain't hating you, ain't. They ain't.
• 1:13:52
  Speaker 3: They ain't hating you. They don't know you.
• 1:13:54
  Speaker 6: They don't know you.
• 1:13:56
  Speaker 3: Because you know, people that want to be you will
• 1:13:58
  Speaker 3: hate you. People to give up on the things you
• 1:14:01
  Speaker 3: want will definitely definitely hate you for having the things
• 1:14:05
  Speaker 3: they want and quit on perfect because that's just, you know,
• 1:14:10
  Speaker 3: people just immature.
• 1:14:13
  Speaker 6: So where do you go from here? What's your ten
• 1:14:16
  Speaker 6: twenty year playing? What's your vision going forward to one hundred?
• 1:14:18
  Speaker 6: Exiss thing?
• 1:14:19
  Speaker 3: I just want to live longer than my body does. Man.
• 1:14:22
  Speaker 6: You want to live your legacy? Yeah?
• 1:14:24
  Speaker 3: Yeah, yeah, I want to outlive my body. So I
• 1:14:26
  Speaker 3: just want to contribute. I want to I want to
• 1:14:28
  Speaker 3: be an uncle to people of all colors. I wanted
• 1:14:33
  Speaker 3: to be to be. I always wanted to be accepted
• 1:14:36
  Speaker 3: by everybody when I was a kid, and I didn't care.
• 1:14:39
  Speaker 3: I just wanted friends. I wanted friends, I wanted mentors.
• 1:14:41
  Speaker 3: I didn't care. I liked the girls a lot, but really, really,
• 1:14:47
  Speaker 3: when I wasn't with the girls, I wanted the guys.
• 1:14:48
  Speaker 3: I wanted to be buddies. I wanted to have fun.
• 1:14:50
  Speaker 3: I wanted to be part of something, you know, And
• 1:14:52
  Speaker 3: I wanted to make a difference. And I wanted somebody
• 1:14:54
  Speaker 3: to help me, and nobody would. So my dad wasn't
• 1:14:56
  Speaker 3: around my older brother. I lost my older brother when
• 1:14:58
  Speaker 3: I was twenty, so two mentors my guys dropped out.
• 1:15:03
  Speaker 3: My dad was fifty two, my brother was twenty five.
• 1:15:05
  Speaker 3: I was ten and twenty and then I just kept
• 1:15:08
  Speaker 3: looking for mentors. I went to school to find mentors.
• 1:15:10
  Speaker 3: I went to college to get mentors. I wanted my
• 1:15:13
  Speaker 3: uncles to step up. They never did. And so one
• 1:15:16
  Speaker 3: day I was like, man, I'm gonna make something to
• 1:15:18
  Speaker 3: myself and I'm gonna be an uncle to other people.
• 1:15:21
  Speaker 3: So that's why people call me Uncle g Now.
• 1:15:23
  Speaker 6: I like Uncle Dave.
• 1:15:25
  Speaker 5: Now I got a question about balance because I know
• 1:15:30
  Speaker 5: you said you were working two hundred and fifty six
• 1:15:32
  Speaker 5: days after the year. What's that like now as far
• 1:15:34
  Speaker 5: as the work life balance, I know you got the
• 1:15:36
  Speaker 5: two girls.
• 1:15:37
  Speaker 6: How's that?
• 1:15:38
  Speaker 3: Yeah? So today it's like, you know, what I've done
• 1:15:40
  Speaker 3: is now create a life where I get to bring
• 1:15:42
  Speaker 3: them with me, my little rentals and you know, I
• 1:15:47
  Speaker 3: get to bring people with me like like literally, I
• 1:15:50
  Speaker 3: fund I quit just doing the business and started figuring
• 1:15:54
  Speaker 3: out what do I need to fund my life? And
• 1:15:59
  Speaker 3: I used to do budget. It's like any budget I've
• 1:16:01
  Speaker 3: ever done, and I think most Americans know this, any
• 1:16:03
  Speaker 3: budget you do, you could probably get close to that budget.
• 1:16:06
  Speaker 3: Your house, your electricity, your water. I just started adding stuff. Okay,
• 1:16:10
  Speaker 3: I need help, I need security, I need a nanny.
• 1:16:13
  Speaker 3: I want a homeschool. I need a bird. I want
• 1:16:16
  Speaker 3: a helicopter. I want I want I want an island.
• 1:16:20
  Speaker 6: Shit.
• 1:16:21
  Speaker 3: You know who's gonna pay for my shit? Okay, So
• 1:16:24
  Speaker 3: who's got my money? That's my battle cry. Who's got
• 1:16:27
  Speaker 3: my money? Who's got my island, Who's got my ranch?
• 1:16:29
  Speaker 3: Who's got my charity? We got We've got about three
• 1:16:31
  Speaker 3: million dollars sitting in a charity account. We'll dump out
• 1:16:34
  Speaker 3: this year and I'll I'll hit it with another five
• 1:16:36
  Speaker 3: or ten million this year, so that charity is for
• 1:16:39
  Speaker 3: kids without fathers. And who's got Who's got it? I don't.
• 1:16:43
  Speaker 3: I only have limited funds. Who's got my jet fuel?
• 1:16:46
  Speaker 3: You know who's got whatever I want? It's a contact man.
• 1:16:51
  Speaker 3: Business and money are contact sports.
• 1:16:53
  Speaker 6: Are you buy an island right right? Think about it?
• 1:16:56
  Speaker 3: Maybe cash ranch or an island the island you think
• 1:17:00
  Speaker 3: island over?
• 1:17:00
  Speaker 6: You wanna go big? You wanna go big man. You're
• 1:17:02
  Speaker 6: talking about ten in it, bro, you can put everything.
• 1:17:05
  Speaker 6: It's a big between ranch in an island.
• 1:17:07
  Speaker 3: I know.
• 1:17:11
  Speaker 6: We'll be shooting the next episode.
• 1:17:12
  Speaker 3: Then it's pretty it's pretty sweet. The problem with the
• 1:17:17
  Speaker 3: problem with the island is I have I don't get
• 1:17:20
  Speaker 3: the same tax deductions I get out of the ranch,
• 1:17:22
  Speaker 3: So I gotta consider all that I put some cattle
• 1:17:26
  Speaker 3: on that ranch, I can write it off your boat.
• 1:17:30
  Speaker 6: I like's ranch. Yeah, Grant, it's been a pleasure.
• 1:17:33
  Speaker 3: Man. You guys are awesome. Okay, best interview I've ever
• 1:17:36
  Speaker 3: done in here and.
• 1:17:38
  Speaker 6: There you have it. There, you have it, biggest in
• 1:17:40
  Speaker 6: the gang biggas in the game. What would you what
• 1:17:43
  Speaker 6: would you what would you like to tell the people?
• 1:17:45
  Speaker 3: Now? Look, look, all I want to tell you, like
• 1:17:47
  Speaker 3: is if there's anything that I said today that that like,
• 1:17:50
  Speaker 3: like kind of like, God, you didn't like that, take
• 1:17:53
  Speaker 3: another look at it. If there's anything that bothered you
• 1:17:56
  Speaker 3: that I said, take another look at what I said,
• 1:17:58
  Speaker 3: because it might be something just hitting so close own
• 1:18:00
  Speaker 3: that you need to pay attention to it. Number two,
• 1:18:03
  Speaker 3: You know, I had a lot of fun with these guys.
• 1:18:05
  Speaker 3: You know, I want to make sure there's the best
• 1:18:06
  Speaker 3: podcast in the world, better than mine, so better than everybody's. Like,
• 1:18:11
  Speaker 3: I'm a very collaborative person. I want to like, I
• 1:18:13
  Speaker 3: want to flow a lot of power to a lot
• 1:18:15
  Speaker 3: of people. I was doing a gig. I'll tell you
• 1:18:17
  Speaker 3: one another little story. I was doing a gig once
• 1:18:20
  Speaker 3: and we were about seven thousand people there, and there
• 1:18:23
  Speaker 3: was a promoter that was with me and one of
• 1:18:25
  Speaker 3: my guys took a selfie with one of the one
• 1:18:28
  Speaker 3: of the the guests, and the guy, Bill z Ancher says, Man,
• 1:18:34
  Speaker 3: don't do that, man, you don't take don't take selfies
• 1:18:37
  Speaker 3: with the audience that needs to be grand And I'm like, dude,
• 1:18:40
  Speaker 3: are you kidding? Man? Yeah, Man, he's the star. You
• 1:18:43
  Speaker 3: can't take selfies. You can't take shots of stars the star.
• 1:18:45
  Speaker 3: I'm like, Bro, there's a universe of stars. Man shit,
• 1:18:49
  Speaker 3: I don't want to be the only star.
• 1:18:50
  Speaker 6: Bro.
• 1:18:51
  Speaker 3: When my team shines bright, I get brighter. So I
• 1:18:54
  Speaker 3: don't want to be the brightest star. I don't want
• 1:18:56
  Speaker 3: to be the only star. I don't want to be
• 1:18:57
  Speaker 3: by myself. I played that game for the first fifty
• 1:18:59
  Speaker 3: years my life, and I'm done with it. I want
• 1:19:01
  Speaker 3: to play with other people. All walks of life. Love diversity.
• 1:19:05
  Speaker 3: I like culture. I like your stories because white people
• 1:19:09
  Speaker 3: are boring. They're boring, bro boring stories bullshit, Like it's
• 1:19:14
  Speaker 3: so much bullshit. Come talking about their country clubs and
• 1:19:17
  Speaker 3: their kids and this, and that your kids are fucked
• 1:19:20
  Speaker 3: up because you're boring. Okay, So I just love people
• 1:19:24
  Speaker 3: from all walks of life. We did nineteen countries in
• 1:19:26
  Speaker 3: twenty nineteen. Man, I learned about so many different cultures
• 1:19:29
  Speaker 3: people in Dubai, Singapore, Iran. There was one hundred people
• 1:19:33
  Speaker 3: from Iran came to Debai to listen to me. Like,
• 1:19:35
  Speaker 3: I'm like, so, I just like inclusion, and I want
• 1:19:40
  Speaker 3: everybody to do well financially too. That's the other thing man,
• 1:19:42
  Speaker 3: this financial game. You got to figure this game out.
• 1:19:45
  Speaker 3: You have to figure that game out. You got to
• 1:19:47
  Speaker 3: make it a priority this year.
• 1:19:48
  Speaker 6: Well I appreciate that once again, and shout out to
• 1:19:50
  Speaker 6: Matty j oh You know well, company watch. That's a
• 1:19:54
  Speaker 6: company watch.
• 1:19:55
  Speaker 3: Company watch, y'all get company on the thing we do.
• 1:20:01
  Speaker 6: You judging man's boys watch these days. I mean, Richie
• 1:20:04
  Speaker 6: is not the.
• 1:20:06
  Speaker 3: Passive income man. Big takeaway, guys, don't buy. Don't buy,
• 1:20:09
  Speaker 3: you know, get your assets, not your necklaces, get your ass,
• 1:20:12
  Speaker 3: not your bracelets.
• 1:20:14
  Speaker 6: Shout out to Spectacular, he helped put this together.
• 1:20:19
  Speaker 3: Receipt right here.
• 1:20:21
  Speaker 6: Shout out to Maddie j He helping mad And shout
• 1:20:24
  Speaker 6: out to my brother Neil Neil Davis. He helped, He helped, Neil,
• 1:20:27
  Speaker 6: Neil Neil shout out. Shout out to the broke Mikey
• 1:20:32
  Speaker 6: and shout out to the Chout out to you guys.
• 1:20:34
  Speaker 6: This is the first interview that we did ever where
• 1:20:36
  Speaker 6: we didn't have to set up equipment, We didn't have
• 1:20:37
  Speaker 6: to set up a mic. Everything was provided for so
• 1:20:40
  Speaker 6: the hospitality he had amazing Troy house keeping it on.
• 1:20:47
  Speaker 5: Yeah, shout everybody on Patreon dot Com. Ya know, that's
• 1:20:49
  Speaker 5: our product paid program obviously top five on top tier.
• 1:20:53
  Speaker 6: You have access to E.
• 1:20:53
  Speaker 5: Y L University, the number one business school for everything
• 1:20:57
  Speaker 5: in finance, entrepreneurship and business.
• 1:20:59
  Speaker 3: You university.
• 1:21:00
  Speaker 6: Man.
• 1:21:01
  Speaker 5: We are proud to have all our earners.
• 1:21:02
  Speaker 6: Man.
• 1:21:02
  Speaker 5: The space has been growing and we greatly appreciate you.
• 1:21:05
  Speaker 5: And shout everybody that's important to merch. Out to our
• 1:21:06
  Speaker 5: merch team too. Shout out to tabam and a city
• 1:21:10
  Speaker 5: out in Atlanta handling a little business out there. And yeah, man,
• 1:21:13
  Speaker 5: everybody that's too important to merch. And thank you for
• 1:21:15
  Speaker 5: being so patient with us. You know, I know there's
• 1:21:17
  Speaker 5: been some delays, but again, thank you for being so patient.
• 1:21:19
  Speaker 5: Everybody's gonna get their order or orders will be fulfilled.
• 1:21:22
  Speaker 3: We greatly appreciate y'all.
• 1:21:23
  Speaker 6: University the biggest, the biggest, the biggest. Thank you guys
• 1:21:26
  Speaker 6: for rocking with us. Well, see you next week. Peace,
• 1:21:29
  Speaker 6: Thank you, well appreciate you.
• 1:21:34
  Speaker 7: My graduates from my school being forced back drop drop Mike, drop.
• 1:21:54
  Speaker 1: Coach, the energy out there felt different. What changed for
• 1:21:56
  Speaker 1: the team today?
• 1:21:57
  Speaker 2: It was the new game day scratches from the California
• 1:21:59
  Speaker 2: Lottery play is everything. Those games sent the team's energy
• 1:22:02
  Speaker 2: through the roof.
• 1:22:03
  Speaker 1: Are you saying it was the off field play that
• 1:22:05
  Speaker 1: made the difference on the field.
• 1:22:06
  Speaker 2: Hey, little play makes your day, and today it made
• 1:22:09
  Speaker 2: the game. That's AWFU Now, Coach.
• 1:22:11
  Speaker 4: One more question played the new Los Angeles Chargers, San
• 1:22:14
  Speaker 4: Francisco forty nine Ers and Los Angeles Rams Scratchers from
• 1:22:17
  Speaker 4: the California Lottery. A little play can make your day. Peace,
• 1:22:21
  Speaker 4: play responsibly. It must be eighteen years or older to
• 1:22:22
  Speaker 4: purchase plate or claim