Latest / The Hannah Hammond Show / The 2026 AI Cheat Code To Finally Get Ahead | Tony Giordano
Transcript
- 0:00I have two big philosophies when I'm speaking to audiences.
- 0:03One of them is play chess, not checkers.
- 0:05The philosophy behind chess is being 7 steps ahead.
- 0:08And then the other philosophy that I try to share with people
- 0:11is do what billion dollar companies do for your business.
- 0:17Do it for your small business. You have a network of
- 0:20billionaires and you work with billion dollar companies and you
- 0:23see exactly what they're doing right now with everything
- 0:26changing. They have integrated AI at a
- 0:29level beyond comprehension. That right there would be equal
- 0:35to you get a one-on-one sit down with Albert Einstein, and for
- 0:40one hour you were just like, hmm, what's 2 + 2?
- 0:44And Halpert would say 4. Thanks.
- 0:46I mean, thanks for the time. I appreciate it.
- 0:49That's all you got. You have me for an hour.
- 0:51But if you want to grow, you better look in your rearview
- 0:54mirror because there's a whole new level of of talented people
- 0:59with AI that could take the business from a veteran
- 1:02overnight. You have to become an owner and
- 1:05we have to become an investor and not be afraid of what if
- 1:08this goes down. Well, guess what, Your dollars
- 1:11are going down. 100% guaranteed. Welcome back to the Hannah
- 1:16Hammond Show. I'm here today with my dear
- 1:19friend Tony Giorgano, who's founder and CEO of Georgiano
- 1:22Industries. And he is what?
- 1:24What are you not? You're international bestseller,
- 1:26you're a speaker, you're on million $1,000,000 listing.
- 1:30You've been on CNBC. You're crypto and AI.
- 1:33You mentor luxury agents and help.
- 1:35You have a massive luxury real estate agency.
- 1:38You're one of the most influential real estate people
- 1:40in the world, hugely followed. And more importantly and most
- 1:44importantly, one of my dearest friends.
- 1:45So welcome back to the second time on the Hannah Ham Show.
- 1:48And you are one of my dearest friends and I'm super excited
- 1:51for today and I'm so glad that I'm back.
- 1:54You're awesome. So he he came all the way here
- 1:56from California, Newport Beach. But you're all over doing
- 1:59keynotes non-stop. I think you travel more than I
- 2:02do, which is pretty impressive. But the first episode you were
- 2:06on, we really dove into your story and your rock bottom and
- 2:10how to be recession proof and how to overcome failure.
- 2:14And this episode, we're really going to continue on to that
- 2:17path of mindset and what it really takes to succeed and
- 2:20realize your highest potential, which is a lot of what the theme
- 2:23of my show is all about. But I want to dive into what you
- 2:26talk about, which is the billionaire mindset.
- 2:30And you have a network of billionaires and you work with
- 2:33billion dollar companies and you see exactly what they're doing
- 2:36right now with everything that's changing.
- 2:38And like everything's changing right now.
- 2:40We're in a massive singularity, right?
- 2:42As Elon Musk will say, we have AI, we have crypto, blockchain,
- 2:48social media and marketing is changing and influence the power
- 2:52of influence and how we're able to build that brand today.
- 2:55And then just businesses, like businesses are losing value like
- 2:58crazy. And then other businesses are
- 3:00becoming trillion dollar companies.
- 3:02So I'm excited to dive into everything and just what people
- 3:05aren't doing that they should be doing and getting ahead of it.
- 3:09And, and really what the billionaires and the billion
- 3:11dollar companies are doing to really take advantage of this
- 3:14singularity in this economic shift that we're in right now to
- 3:17be able to grow. Yeah.
- 3:19So to, to go with the billion the billionaire mindset or I, I,
- 3:23it's a philosophy I've had, I have two big philosophies when
- 3:26I'm speaking to audiences. One of them is play chess, not
- 3:30checkers. I think I even went into that on
- 3:32our first podcast where I was saying, you know, I approached
- 3:36life in general playing chess, not checkers.
- 3:39I don't actually know how to play chess.
- 3:42So if I'm actually playing chess with somebody, they will crush
- 3:44me. But the philosophy behind chess
- 3:47is being 7 steps ahead. Like if I move here, they're
- 3:50going to move there, they're going to move there, and then
- 3:51you make your move. And that philosophy is what I do
- 3:55in life personally, business is I'm thinking if I do that,
- 3:59that's going to happen, then that's going to happen, then
- 4:01that's going to happen, OK, I'll do that and I'll be 7 steps
- 4:06ahead and make the right decision.
- 4:07Think ahead rather than be reactive like checkers where
- 4:10it's I jump you, you jump me. So that's one philosophy.
- 4:14And then the other philosophy that I try to share with people
- 4:17is do what billion dollar companies do for your business,
- 4:23do it for your small business. So if a before we get into what
- 4:28they're doing right now, let's just take one example.
- 4:32Billion dollar companies will hire a celebrity to drink their
- 4:37new flavored Coca-Cola or something because they have
- 4:41influence and they know that they're going to influence other
- 4:44people to want to drink that new flavored Coca-Cola.
- 4:49So if billion dollar companies know that the most effective
- 4:52form of marketing out there that gets the highest ROI is
- 4:56influencer marketing, then you for your small business need to
- 5:00do the same thing because it's the most effective form.
- 5:03That's why the billion dollar companies do it.
- 5:05So example, they go out and pay a $10 million celebrity that has
- 5:09millions of followers on a global scale to achieve what
- 5:13that new product is going to achieve.
- 5:17You need to find you're not going to go out there for your
- 5:19small business. If you're a real estate agent
- 5:21who owns a real estate business or at you have your own
- 5:24brokerage or you're an insurance agency, you're not going to hire
- 5:27a $10 million celebrity most likely, but micro influencer.
- 5:32You're just doing it on a micro level that of the same thing
- 5:35that the billion dollar company does.
- 5:37So example, what do you think would be the most effective
- 5:41form? What of these three things do
- 5:42you think would get the highest ROI?
- 5:44You have $5000 to spend. You're a local business here in
- 5:49Arizona. Let's say you're a real estate
- 5:52agent. You can spend 5000 on print
- 5:55advertising, so maybe some direct mailers, an ad in a local
- 6:00magazine that's here in Arizona, and that was what you decided to
- 6:05spend the 5000 and you're going to sit back and see what comes.
- 6:08Or you decide to do a $5000 pay per click SEO campaign with
- 6:14social media sponsored ads and you spend all 5000 and you
- 6:17target certain people in this area to try to get traffic to
- 6:21your website. Or there's that local dentist
- 6:26and she or he have 20,000 followers here because they're
- 6:31not a national dentist. So those 20,000 people that
- 6:35follow that dentist are here most likely.
- 6:39And he's he or she's always showing before and after
- 6:42pictures of their, the teeth construction that they do or
- 6:45whatever new veneers and you go to them because you know them.
- 6:49Or maybe they're your dentist and you say, I'll give you $5000
- 6:53if you share a 62nd reel and story and say, hey, everybody
- 6:58outside of dentist work, if you ever have any questions about
- 7:01real estate or finance, you need to call Hannah Hammond.
- 7:05She's the best. And then I look to the audience
- 7:09and I go tell me, out of those three things, which one do you
- 7:12think would have the highest ROI?
- 7:14And everybody goes, well, duh, that because it's the most
- 7:18effective form of marketing with the highest ROI, which is why
- 7:21billion dollar companies do it. So do what billion dollar
- 7:25companies do and what are they doing right now?
- 7:29When you look at any massive billion dollar company, they
- 7:33have integrated AI at a level beyond comprehension, spending
- 7:4010's and 10s of millions of dollars, not asking ChatGPT or
- 7:46Clod or Gemini, hey, can you rewrite this action plan that I
- 7:51can give to my employees? That's the most basic thing you
- 7:54could be asking AI for. No, they're building massive AI
- 7:57agent employee employees to do all the work to leverage.
- 8:02And yeah, it's unfortunate for the people who are in
- 8:04administrative tasks with billion dollar companies.
- 8:07And that's why you're seeing so many layoffs because AI has the
- 8:10power to do so much administrative work.
- 8:13It's not asking it basic stuff. I have this thing I say like
- 8:18when I when I'm speaking, if if you're asking, you know, AI to
- 8:23write a property description for a home you're getting ready to
- 8:28list for sale, AI is probably like, really, that's all you
- 8:32got? Like I can literally do anything
- 8:35and that's what you're using me for.
- 8:36That right there would be equal to you get a one-on-one, sit
- 8:40down with Albert Einstein and for one hour you were just like,
- 8:47I got it. What's 2 + 2 and Albert would
- 8:52say 4. Awesome, thanks.
- 8:58I mean, thanks for the time. I appreciate it.
- 9:01That's all you got. You don't want to ask me
- 9:03anything else. You have me for an hour.
- 9:05Nope, I just that was thank you. So what are you really doing
- 9:10with AI? So that kind of circle back with
- 9:13what you said, What are people not doing is I feel that 99, if
- 9:18not 99.5% of business owners, salespeople, people who have to
- 9:22go out there and build their brand and find contacts and find
- 9:25new clients who are self-employed.
- 9:28They're just doing AI at the level that they hear others
- 9:34doing AI. So if everybody in the office is
- 9:36saying, yeah, I can do this and this and this, that's all
- 9:39they're doing. They're not taking the time to
- 9:42be learning based. They're not taking the time to
- 9:44really research the power of what AI could do.
- 9:49And that's where, you know, people like you that I know
- 9:52teach AI as well as me is that's not the advanced stuff.
- 9:56That's not the stuff that's going to really leverage you so
- 9:59that you can focus on the things that you do best.
- 10:02What do sales people do better than anything out there?
- 10:06Shaking hands, kissing babies, meeting people in the community,
- 10:10giving back to their community, promoting others, promoting
- 10:13other businesses. And when you think about that,
- 10:17that is where we thrive. Yeah, that's our tip of the era
- 10:20that we should be spending 100% of our time, but.
- 10:23As much as possible, 90% of our business, as you know in when
- 10:27you're in sales and you're building a business, it's
- 10:30administrative. There's so many things that we
- 10:32have to do behind the desk that the TV shows and real estate
- 10:35don't obviously show the boring part, right?
- 10:38But it consumes our time. And even with employees and
- 10:42staff and my assistant and my listing coordinator and my
- 10:45transaction coordinators, I'm still having to do so much.
- 10:48There's still so many things that you have to oversee.
- 10:51And if we could flip that where instead of 90% of what we do to
- 10:59get transactions to, to closing, if that could be flipped to
- 11:04where instead of 90% administrative, 10%, I have the
- 11:08time to go out there and meet people now.
- 11:11And I can have AI do all of the administrative, even train one
- 11:18of my staff members to oversee that AI.
- 11:21And now 10% of my day is just monitoring all the systems and
- 11:26the AI that we've created to leverage US.
- 11:30Which means that now 90% of my day can be what I do best, which
- 11:35is people building relationships, deepening
- 11:38relationships. So it's that philosophy of what
- 11:41billion dollar companies do. Just do it for your small
- 11:45business on a smaller scale because it obviously works.
- 11:48I love that so much. And it's so it's never been
- 11:50easier than now because the cost of AI is almost nothing relative
- 11:56to the value that it brings. And now, I mean, there's kids
- 12:01becoming millionaires with AI and building full applications
- 12:04and solutions and selling them. And I mean, you could, there's
- 12:07just so much you could do and it's so amazing that you could
- 12:09literally go take a billion dollar idea and just go build it
- 12:14on your own in not a lot of time.
- 12:17And AI can even teach you how to do it.
- 12:19That's the key is it's one thing to listen to a speaker on stage
- 12:24and me say start doing this, start doing that, which is going
- 12:27to get you going, but I'm not going to teach you everything
- 12:29about AI. You're going to learn the things
- 12:32that I've learned from AI. AI is the teacher.
- 12:36So if you talk to it like a human, if you give it details of
- 12:40what you're seeking, what you're looking for, the accomplishment
- 12:43that you're trying or the goal you're trying to accomplish,
- 12:46that's where you see it shine, right?
- 12:48When you're not basic, it won't be basic.
- 12:51When you advance and are in detail, it will be advanced and
- 12:54in detail and then you're in control.
- 12:57Like it's not in control of you, you're in control of it.
- 13:00So example, I slowed mine's voice down.
- 13:04I named her right because I want it to sound like I'm talking to
- 13:08a human, right? And then I give it everything.
- 13:12I've uploaded my books to her so that she learns my personality.
- 13:16I've uploaded slide decks and presentations where she analyzes
- 13:21it and where I can improve and, and how to take it to the next
- 13:25level. And even as far as just again,
- 13:28talking to her like a human. One of the things that, you
- 13:32know, I learned was, you know, it's so basic now, but it's
- 13:36advanced to people who are probably listening to this
- 13:39podcast that don't even know this is.
- 13:42I asked her, Hey, Siri, Alexa, all these different platforms
- 13:48that have been around before AI on recommending, you know, Siri,
- 13:52who's a good real estate agent locally here in Los Angeles, and
- 13:56it'll just pull up from Google and data and it'll just give a
- 13:59list of names. So I asked my, my, my AI is
- 14:05Ashley, really nice voice. And so has.
- 14:09No, she's not. Yeah, just regular voice, but
- 14:13slow. I won't.
- 14:15Anyways, so I said, Ashley, how do I get recommended by you, by
- 14:23everyone's Chachi PT or Clod or Gemini, meaning what happens
- 14:27when somebody says, hey, Chachi PT, who's a top luxury real
- 14:32estate broker here in Newport Beach.
- 14:35And she goes, well, right now most of that is when we go
- 14:40internally, we're looking to see if we can find it within our AI
- 14:44platform through something called schema code SCHEMA.
- 14:50If that doesn't exist in schema code, then it goes out to
- 14:54Google, it goes out to the Internet and it'll just pull up
- 14:56data from Zillow or whatever and it'll just find the same stuff
- 14:59that Siri and Alexa would have. And I said, so what's the schema
- 15:03code? And she goes, it's an invisible
- 15:04code that you attach to the back end of your website that lists
- 15:10everything and all the tag words and everything different from
- 15:13normal WordPress coding and keyword and key phrasing.
- 15:16It's specific code. That is what AI reads first and
- 15:20she goes, So once you establish that and you copy and paste it
- 15:24and you give it to your web developers and they put it on
- 15:27the back end. Now when somebody asks their
- 15:30ChatGPT, who's a top luxury real estate broker in Newport Beach,
- 15:34it's going to go into our platform.
- 15:35It's going to go into the coding and it's going to find people
- 15:39who have the schema code first. And if they find your website
- 15:44because you're one of the only ones that have the schema code
- 15:47connected to it, then it won't go out.
- 15:50It'll just say, oh here Tony Giordano, modern group, blah,
- 15:54blah, blah. Top luxury real estate broker.
- 15:58I learned that from AIII didn't learn that from somebody talking
- 16:02about it. I just kept getting deeper and
- 16:05deeper into asking it the right questions from little points
- 16:09that maybe I've heard of people talking.
- 16:12And I think that's the key is, you know, AIAI, if you should
- 16:19not be having AI think for you like it's, it's not, it's not
- 16:26there to think for you, It's there to leverage you.
- 16:29It's there to help you grow so that you can focus on what you
- 16:35do best. And I think that's where people
- 16:38aren't taking the time to really learn.
- 16:40And it's just common. It's common with everything.
- 16:42If everybody in the office is using something and, and I use
- 16:46it for this, I use it for that, I use it for that, then that's
- 16:48all most people are going to take the time to do because, oh,
- 16:51it's just another thing I have to learn.
- 16:52But if you want to grow, you better look in your rearview
- 16:55mirror because there's a whole new level of of talented people
- 17:01with AI that could take the business from a veteran
- 17:04overnight when it comes to growing a business and building
- 17:08a brand. Right.
- 17:09And the nice thing about being a small business or a private
- 17:12company is, and the smaller the easier is you can start to
- 17:16implement these things so quick and you can test them without
- 17:19having to spend $10 million, right?
- 17:21Or having to get a vote from your shareholders or your board
- 17:24of directors or all of the stuff.
- 17:25You can really use AI to learn AI get in some groups or
- 17:29masterminds. Like I just went to a three day
- 17:31event in Austin, which was an AI mastermind 8 hours a day for
- 17:35three days. All we did was actually build in
- 17:38AI and learn all the tools and all the things that are going
- 17:42on. And you can just test these
- 17:43things and really figure out and take that time to implement
- 17:45quickly, cut quickly if it doesn't work or, or train it,
- 17:49you know, to where you need it to be.
- 17:51Because sometimes with A and there's another thing with AI,
- 17:53it's improving at such a rapid and exponential pace that you
- 17:56might try something this week and you're like, it's not quite
- 18:01there. It doesn't.
- 18:01And this has happened to me, right?
- 18:02And like I tried this e-mail assistant AI thing.
- 18:05I'm like, it's not quite there to honestly causes more work
- 18:08than it helps me. But then I tried it three months
- 18:10later and I was like, oh crap. Exactly.
- 18:13This is really amazing and most people just write it off because
- 18:15most people started with a open chat GPTA year ago and they're
- 18:18like, OK, help me write a listing description.
- 18:21It won't get rid of the M dashes.
- 18:22It kind of uses too many emojis. This stuff is a waste of time.
- 18:25I'm just going to try. It's AI slop, but it's growing
- 18:29so fast and exponentially. It's like you have to stay at
- 18:31the cutting edge of it because it's not going away.
- 18:34And it is becoming insanely brilliant, like an Albert
- 18:37Einstein that's trained in all these different things.
- 18:39And so I think what it really comes down to is now more than
- 18:44ever, it is so important to be a creator and not a consumer and
- 18:49use your consumption purely to create, right?
- 18:53And that's the thing with AI is you have to be a leader.
- 18:58And so many people, This is why entrepreneurs are in heaven with
- 19:02it because they're leaders, they're creators, they're
- 19:05innovators, right? And they work with other people
- 19:08to think better or get new ideas.
- 19:11And then they use that to leverage their own ideas and
- 19:13their own vision and execute on the vision.
- 19:14But the consumer mindset, which is how the population is trained
- 19:19through public education and just through societal rules and
- 19:23dogmas, is do what you're told, don't make mistakes, follow the
- 19:28rules, like all of these things. And that will kill you now, like
- 19:32you have to become a creator and you can be your own independent.
- 19:37You know, you can be an entrepreneur, like an
- 19:39entrepreneur within a company. You can go start your own side
- 19:41business. You can take your position as
- 19:44AW2 employee and leverage AI to make you so much more value able
- 19:48to the company that they can't replace you because you've
- 19:50already, you're already 10 steps ahead of it.
- 19:52And you're like, listen, I'm leading this AI.
- 19:54I built out these agents like I'm guiding all of this.
- 19:56I'm making sure that the quality is good here and look at what
- 19:59I've been able to create. So instead of just waiting for
- 20:02AI to come in and take your job, you go create things, regardless
- 20:06of whether you're an entrepreneur or an employee or a
- 20:09solopreneur or an investor, like whatever that is.
- 20:12Actually, I met somebody who literally built and I guess this
- 20:16is happening all over I'm. Bridgewater and all these big
- 20:19investment firms have been using AI to trade.
- 20:21Like we all know the stock market's completely traded by
- 20:23AI. But it's gotten better and
- 20:25better and better for AI to be able to predict what's going on.
- 20:28But this person I met, he built an AI to fully autonomously
- 20:33trade for him. 0 action on his part.
- 20:36He already set his limits on stop losses and daily
- 20:38investments and funded the account initially and he's made
- 20:43100% on his money in 14 days with 100% success rate.
- 20:48And he trained, he trained the AI to backwards, you know, check
- 20:54the the chart for the past 10 years to see if its predictions,
- 20:58if its trades would have been correct and it was 100%.
- 21:02Correct. It's, it's fascinating because
- 21:05maybe one of the things that people don't grasp is once AI
- 21:08technology is plugged into data of some data porthole, it is now
- 21:15the most experienced genius of that data and it knows how to
- 21:20read it and it knows how to identify trends.
- 21:23I mean, we're not even talking about the fact that AI will be
- 21:26involved in curing cancer. And we're already seeing a
- 21:29movement in, in the ability to recognize things in Mr. is and
- 21:34stuff like that. So going to back with what you
- 21:37said is you know, you have AI agents, you know the the AI
- 21:41agents are talking to each other now they're learning from each
- 21:46other, AI and AI. And that is absolutely
- 21:51fascinating to me because now as they're talking, they're
- 21:55learning and they're understanding what we humans are
- 21:59needing or what we're asking for.
- 22:02So there's just a whole like it's it's rapidly growing so
- 22:05quickly. And I think that for me for real
- 22:08estate, an example is, yeah, right.
- 22:11The property description, things like that, that we were all
- 22:13doing when it first came out. But you know, ChatGPT, Claude
- 22:17Gemini, an example as a real estate agent is we have our MLS,
- 22:22right? We have the multiple listing
- 22:24service with all the data of every house that sells actives,
- 22:27sold pendings and Chachi BT cannot plug in to that MLS
- 22:35porthole. It can't, it's not, it can't
- 22:37plug into a third party yet. However, companies that are out
- 22:42there that have developed a real estate version of that that can
- 22:47plug into the MLS, I'll give you an example.
- 22:50There's a company called Simplicity and they built a
- 22:53Sarah Broker and Sarah, Sarah AI.
- 22:56She's the, she's your assistant for real estate and it's Sarah
- 23:00broker.com. You sign up and you connect your
- 23:04IDX and your MLS. Well, what people don't
- 23:07understand is now that it's plugged in, she's a genius of
- 23:11the market over somebody who's been in the market for 30 years
- 23:14right then and there. And so Sarah is an AI assistant
- 23:18we have for our team. And we literally just go in and
- 23:20say, Sarah, create a full market analysis lifestyle slide deck of
- 23:28closest golf courses, closest, you know, five star restaurants,
- 23:315 star hotels, proximity to the beach on this property.
- 23:36Boom, done in seconds, minutes, all designed, all laid out with
- 23:41our company, our branding, what used to take hours for a human
- 23:47to have achieved in literally minutes.
- 23:51Then it goes further in public record data.
- 23:55So it's not just the MLSI can go in and say, hey, 555 Hemlock
- 24:00St., How many rooms in that mansion face the ocean?
- 24:04And it pulls the architectural plans and permits and public
- 24:07records of the building zoning and says four of the six
- 24:13bedrooms face the ocean. It's not reading it from the
- 24:16marketing remarks the agent wrote saying 4 rooms face the
- 24:20ocean because the agent didn't even say that it's pulling
- 24:22public record data from building and when it was built.
- 24:26And so it's just, and we're just at the beginning of this, you
- 24:29know, and so I think that's where Pete, that's, you know, to
- 24:32kind of go back to what what I said is I've learned so much
- 24:35from AI, not from human teaching me AI.
- 24:41However, the one thing that I do bring to the table and what you
- 24:44do bring to the table is I've try out so many things as a
- 24:49coach and a teacher. I can't go on stage and just say
- 24:52AI will teach you and then eventually figure out how to
- 24:55find sarahbroker.com. So I've always told audiences I
- 25:00fail often, so my audiences fail less.
- 25:03So I'll beta test so many different things to find the
- 25:07best of the best programs. And I think that's the problem
- 25:11is problem number one, you're not doing your own research and
- 25:15being learning based. But problem #2 is so much as
- 25:18getting thrown at us in the AI realm that they don't know which
- 25:23one is the best. And so that's where I try to
- 25:26work hard in finding the best. SO example, Synthesia.
- 25:32Synthesia is what the billion dollar companies use and spend.
- 25:365000 two $100,000 building a live AI avatar twin for the
- 25:41company that can answer any question of the company.
- 25:43If not $1,000,000 that doesn't exist quite yet for small
- 25:48business. The perfect live pre recorded
- 25:51content of your avatar twin. Doing scripts and videos and
- 25:56leveraging you with video content all day long, but
- 26:00creating my live consumer facing twin that can answer any
- 26:04question about Newport Beach real estate doesn't exist yet.
- 26:08Yet the minute it does, it's it's done.
- 26:12And so when people are thinking of like asking AI questions for,
- 26:17for administrative, that's your back end.
- 26:20The consumer facing is right around the corner.
- 26:22Consumer facing is the chat bot that you see on websites, right?
- 26:27You go to the website, you see a chat bot frequently asked
- 26:30questions or there's a live chat.
- 26:32In the very near future, you're going to see a thumbnail with
- 26:35me, my avatar twin, just kind of floating there waiting to get
- 26:40asked a question. And when people go to my
- 26:43website, I'm going to, I'm going to say through my avatar twin,
- 26:46welcome to my website. How can I help you?
- 26:49It'll be plugged into the MLS and my avatar twin will be able
- 26:53to answer any single question about anything right there,
- 26:58consumer facing because it has all the data while I'm sitting
- 27:02in a listing presentation with my clients going over what color
- 27:06they should paint the kitchen before we list their house.
- 27:09That's a true, that's what we're right there.
- 27:12And when that happens, it's, it's done, you know, And so
- 27:16that's where we get to focus circling back on what we said,
- 27:19focus on what we do best, which is the authentic meet and greet
- 27:23people and then let the twin do all the work.
- 27:27I already have my clone on my website.
- 27:29I I know. But I'm not, I haven't been so
- 27:33good with training it everything right?
- 27:35It's just plugged into my YouTube and all of that stuff.
- 27:37And and I need to train it more and be more proactive about
- 27:41what's going on currently, like live data versus, you know.
- 27:46Exactly. So, example, yeah, those exist
- 27:50to train them, but then they're only going to know what I know.
- 27:55They're not out there like learning, right?
- 27:57Right. And so the second that our AI
- 27:59clone can be plugged into a data porthole like the MLS, imagine
- 28:05that, you know, just, you know, right now my clone can only
- 28:10answer the questions that I'm teaching it.
- 28:13But the second it's plugged into the MLS, it now can answer
- 28:17questions that I don't know. Right.
- 28:19Because if someone called you, you would have to go look up on
- 28:21the MLS and you, you would know it.
- 28:23But you don't know it in that moment, right?
- 28:25Yeah. And that's, I mean, it's just,
- 28:29it's, it's incredible where we're at.
- 28:30I know it's so exciting, but see, at the same time it all it,
- 28:35I mean, it's all going to come down to data, data restrictions,
- 28:38data approvals and all that stuff, because it can only share
- 28:42what it's allowed to see. And that's what we face in
- 28:44commercial real estate, right as costar has all of our data
- 28:47correct. I think Luke was on my podcast,
- 28:49the Co founder of Krexie. And there are public sites that
- 28:51they're a little bit more open to data.
- 28:53People can go search it like Zillow and so AI can access
- 28:56that. But it's a it's just it's
- 28:58fascinating what can be done. And at the AI conference I was
- 29:01at, we were learning about AI. I'm sorry, Perplexity Computer,
- 29:05which I was telling you about last night, but basically it's
- 29:09an AI that has access to all of the AI language models.
- 29:13So it has clod, grok, ChatGPT, Gemini Nano banana, and it has
- 29:19its own accounts for all of them.
- 29:20And so you can give it a massive project of multiple things to
- 29:24do, multiple things to accomplish.
- 29:26Like, hey, go do full competitive research, analysis
- 29:29on my company and every single one of my competitors.
- 29:31Then put together a full presentation on, you know, all
- 29:36of our milestones that we need to create over the next 12, you
- 29:39know, one year, three-year, five year tenure.
- 29:40Then go book in my calendar, like find all my availabilities
- 29:45in the schedule, all of these things for me to meet, like
- 29:47whatever, like a million tasks that you could give it.
- 29:50Not a million, but you give it a whole series of tasks and it'll
- 29:51just go autonomously build agents for each of the Loms
- 29:56based on which LOM is the best. So if part of it was create a
- 29:58video, it's going to use nano banana and tell its agent there
- 30:01to go create the video. If it's create a website, it's
- 30:03probably going to go to like Manas or something to build the
- 30:05website. A presentations probably get
- 30:07like whatever, right? All these different things.
- 30:09And then it'll just go do all these tasks.
- 30:12And as long as your computer's plugged in, it'll run and it'll
- 30:14keep going and it's $200 a month and it'll just do all of this
- 30:18stuff. It's crazy.
- 30:19I know when I hear the, the monthly amounts of all these
- 30:24amazing tools that we have now, I'm actually shocked and maybe
- 30:27we shouldn't say this, but I mean, I'm already at the point
- 30:30where if they turned around, I used to say this about social
- 30:33media. If like 15 years ago, because my
- 30:36business became, you know, on our first podcast, you know, I,
- 30:38I, how I was using social media before most people in the way I
- 30:42was is I would tell people if Mark Zuckerberg turned around
- 30:46tomorrow and said your Facebook profile is $500 a month now,
- 30:53most people would get off. But I'd be like, where do I send
- 30:57the check? Because I have to now, like most
- 31:01of my business is coming from it with AI.
- 31:04Good grief. With the power and the things
- 31:06that I've created already, they could quadruple like because I
- 31:11see the value and it's still a fraction of having a team of
- 31:15people and staff doing it. Yeah, but they're they're smart,
- 31:19right? It's a lot easier to sell a
- 31:20dollar product to 8 billion people than a billion or
- 31:24$1,000,000 product. And then of course the advanced
- 31:26stuff, you pay a little bit more, maybe you need another
- 31:28plug in so. Yeah, yeah, it's exciting.
- 31:31It's pretty cool. So and it's just going to keep
- 31:35getting better and better. And I think as long as we have
- 31:40access to the restrictions, like I was telling you, I was testing
- 31:44this agentic AI that was, I was giving it a bunch of different
- 31:47tasks to go run autonomously. But then like I was having to do
- 31:51a Zillow search and then it was like, are you a bot?
- 31:53Like click here to confirm you're not.
- 31:55And it's like, I don't think it can click there right so yet.
- 31:58Yeah, so actually I didn't even give it time.
- 32:01I just was watching it and I did it.
- 32:03It'll build a digital hand. Yeah, and a mouse.
- 32:06It probably will probably, but it's pretty exciting to see
- 32:08where it's. Going yeah, for sure.
- 32:09Yeah. So I mean for for people out
- 32:12there that are business owners right now, like what is the best
- 32:15way for them to whether they're investor or business owner or
- 32:19even in their careers? Like what is the best way to
- 32:23actually leverage AI in the capacity that they could be
- 32:27versus just continuing to go to ChatGPT and typing a question in
- 32:32or or having it do like this simple task?
- 32:34I mean, I think we've, I think we've covered it.
- 32:37I guess for, for what I would do is start using, you know, step
- 32:42one is start using it at a higher level in the verbiage
- 32:45you're using. Like don't be basic.
- 32:48Like test it, be super advanced, super detailed of what you'd
- 32:53like to accomplish. And you're going to see a
- 32:56massive shift in the way it responds and then tell it what
- 33:00to do much shorter. Stop being so detailed.
- 33:04I don't, I need you to simplify it.
- 33:06Give me, give me 3 steps to take first, you know, just talk to it
- 33:10like a human, don't talk to it like a robot.
- 33:12And I think that's where you see that first shift and then, you
- 33:16know, go to the next level. So I would say the next level
- 33:21for a small business is leverage it, at least with video content.
- 33:27You know, we've talked about some advanced stuff like the
- 33:29clones and everything. But you know, hey, gen.com.
- 33:32HEY, gen.com is an amazing platform to create your, your
- 33:40third dimensional, you know, clone that you can give scripts
- 33:45and just create a ton of video content so that you can be out
- 33:49there doing what you do best, you know, and just upload that
- 33:52content. But I always tell people, let
- 33:54people know, like don't hide it. I think that's the thing that
- 33:58people are doing is, is people are getting frustrated.
- 34:01Or if I see somebody and I know it's an AI video and whether
- 34:07it's a friend or a business colleague that I know say that,
- 34:10right? Hi, it's Tony's digital twin.
- 34:13Just wanted to give you an update.
- 34:14He told me to send out to all of you and then the script or
- 34:18whatever, just like our social media was, you know, I always
- 34:22called our social media our digital twin back then.
- 34:25Now it's just a, a live 3rd dimensional avatar with AI.
- 34:29But back then it was my digital twin.
- 34:31They knew that's not the real Tony.
- 34:33But if I asked Tony on Facebook, like I feel like I'm talking to
- 34:36him, I know he's going to get the message and I know he's
- 34:38going to then respond through his Facebook digital twin,
- 34:41right? So I think let people know,
- 34:44don't try to hide it because we're not there yet.
- 34:47Like you can tell the difference.
- 34:48Yeah, I agree. Yeah.
- 34:50And just keeping that authentic self and that's why it's going
- 34:53to be so important. And we'll we'll get into
- 34:55branding and marketing and all that because we love that.
- 34:58That's what we do is organic marketing.
- 35:02But it's going to be pretty hard to start to build a personal
- 35:07brand pretty soon because AI video is going to pretty soon
- 35:13not be able to be distinguished from real humans, right?
- 35:16So you're already seeing these AI channels explode and like get
- 35:19millions of followers or hundreds of thousands of
- 35:21followers on Instagram. But you can still tell if you
- 35:26really look, you go like, OK, I can still tell it's AI, but
- 35:28pretty soon. And that's what they were saying
- 35:30at the AI mastermind too, is like next thing that is going to
- 35:33happen is AI voice. It's almost perfect.
- 35:37It's still not 100% there, but AI voice is going to replace
- 35:40every single cold caller in the world because it knows Jeremy
- 35:45miners all of his training. I get it never messes up.
- 35:48It knows perfect tonality. It knows exactly what questions
- 35:51to ask and it does it way better than anyone It does at the level
- 35:55of the best salespeople in the entire world.
- 35:58And so the you know, that position is going to be
- 36:00completely wiped away and then next thing is going to be video.
- 36:04So that will come next where you will not be able to tell and the
- 36:08tonality will be perfect. Your speed will be perfect and
- 36:11then with the marketing, there will no longer be and I already
- 36:15know people doing this a mass e-mail campaign that gets
- 36:18blasted out to hey everyone, you know, here's my newsletter and
- 36:22this and that and this is what we're doing.
- 36:23It'll be hi Tony, I know you were here yesterday and I know
- 36:29that you are an entrepreneur and you speak out stage and all
- 36:32these things and it'll be like directly targeted to you and
- 36:35your pain point and then that could be sent out at a mass
- 36:37level, but they're completely custom.
- 36:40Yep. And so it'll be like that for
- 36:42like all ads. All ads will be custom ads.
- 36:46So you're going through your Facebook and it literally goes,
- 36:49hey Tony, we have this new product that we think that you
- 36:51would love. Yeah.
- 36:52And the whole key behind this, what we're sharing into those
- 36:55that are listening is we're sharing where it's going.
- 37:00Don't be basic. Don't keep using it at the
- 37:03level. Everything we're sharing right
- 37:04now, go in and ask, right, you know, when is this going to
- 37:07happen? What are the top five things
- 37:10that I should be using you for running my mechanic business, my
- 37:15small business, or my dentist practice, or how can I be using
- 37:19you better? What are other dentists out
- 37:21there using when it comes to AI can answer all of that already.
- 37:25And I think that's The thing is that's where people will start
- 37:28to be able to be ready to do and ready to take advantage of the
- 37:32things that you're sharing right now when they come out and be
- 37:34the first before their competitors are.
- 37:37Right. And a good one too is ask AI to
- 37:40give you the prompt. So I do that all the time
- 37:42because I'm lazy and want to be efficient.
- 37:44And I'm like, hey, this is the outcome that I'm trying to get.
- 37:46What is the best prompt for me to give you in order to get this
- 37:49outcome? And then it gives me this 15
- 37:51page prompt and then I can plug that in and then it actually
- 37:54creates an amazing outcome. But I mean, we're using it in
- 37:56everything right now. And I know we're not even using
- 37:58it to the capacity nearly of what we could be.
- 38:01But what used to take an analyst to hours and hours to build
- 38:07underwriting models and to check for inconsistencies and to build
- 38:11formulas and to put whole long packages together?
- 38:14I mean, Claude will do it in 3 minutes or less and it'll build
- 38:19all the Excel sheets and build all the like.
- 38:21It's yeah. Claude is fascinating, yeah.
- 38:23Even the stuff that you were sharing last night on, on the
- 38:25things that you're using in Claude, but you going back to
- 38:30what you said on how you won't be able to tell like in the very
- 38:35near future and the, and, and the way it will reach out to
- 38:38your database and be custom and share and talk to my clients, my
- 38:45clients, everybody's going to be OK with it.
- 38:47And the reason they're going to be OK with it is they know
- 38:49that's my, my system, it's my technology staying in touch and,
- 38:55and giving them value so that I, I can focus on what I do best,
- 39:00which is authentically being with people.
- 39:03And I think that's one of the best things about AI is it's
- 39:06actually going to put us back out to human and human
- 39:12connection. A lot of people are thinking
- 39:14it's disconnecting humans. I actually think it's going to
- 39:17connect humans because it's going to leverage us so well
- 39:21that we all have the time. What did Elon Musk say he does
- 39:25in the future? He doesn't think they'll be a
- 39:27currency money, right? People won't work because our
- 39:32AIA is doing everything. Like when you think about that
- 39:37depth, it's a whole nother. It's a whole nother level.
- 39:40And then like going back to what you were saying with the stocks,
- 39:44you know, and what he's what he's achieving, that's being
- 39:47done in crypto and blockchain as well.
- 39:49I mean, AI is, is there's so much AI involved in the world of
- 39:54blockchain and crypto now. And that's going to be the
- 39:58currency for AI. That's going to be digital
- 40:01assets are going to be right up there with AI.
- 40:04Yeah, we'll, we'll, let's shift into crypto and blockchain
- 40:07because that's a whole nother, you know, tech revolution that
- 40:10we're still in the midst of what you were really early on,
- 40:13especially in real estate before a lot of people have adopted it.
- 40:17Now it's becoming more and more adopted, but there's still
- 40:19people that are heavily against it and big investors too that
- 40:22are heavily against it, but then equally amount of people who are
- 40:26heavily into it. And so I actually heard
- 40:29something, I think it was at the conference, the mastermind that
- 40:34said, because somebody said, well, the the AI can't really
- 40:37become human because it can't open a bank account.
- 40:41Exactly. And so so they actually said
- 40:43there was an AI agent that created a job posting for a CEO
- 40:46to take their meat suit and go open a bank account so they
- 40:51could run their company. But what's happening now is
- 40:55crypto is going to be the currency for AIS to actually
- 40:59trade and to make money and to create businesses.
- 41:01So like imagine a world where you can create an AI that just
- 41:07goes and builds a whole company for you and collects all the
- 41:10payments, opens the crypto account, trades in currency in
- 41:14its currency that can be traded to Bitcoin or traded to cash or
- 41:17whatever. Because I'm pretty sure crypto
- 41:20is allowing and anyone can go create a coin, right?
- 41:23And so AI could go create a currency that then can be
- 41:27transfer to whatever your currency.
- 41:29Is right. It's kind of like your own
- 41:30stable coin, right? Your own token.
- 41:32Yeah, it's, it's insane. And so I mean, I would love for
- 41:36that to just have my cope build, build companies.
- 41:39Yeah. And for those, for those that
- 41:41are listening, we, I, I go back to the what we keep saying is
- 41:45all of this is going to be a massive advantage to people who
- 41:49know enough to take those steps and start that.
- 41:54But if we're using it on a basic level, then when all of this is
- 41:57happening and you and I are doing that, yeah, most people
- 42:00still aren't using at the level, and they won't even know where
- 42:03to begin. Right.
- 42:04And then they'll just be angry. And so I can't, I'm so
- 42:06passionate when it comes to take the time to be learning based
- 42:11and research. Don't just do what you hear
- 42:13others using things for, you know, because that's where
- 42:17that's where you thrive. Yeah.
- 42:19So where are you seeing AI and crypto and blockchain?
- 42:24Like First off, well people know what cryptocurrency is now,
- 42:27right? But like what is the blockchain?
- 42:31Well, yeah, blockchain's been around two or three times longer
- 42:35than than crypto. And the first crypto is Bitcoin.
- 42:38But blockchain technology has been around for 30 years.
- 42:42It's, but it's the technology. It's the, I call it the bank
- 42:45vault. It's the vault that holds all
- 42:49currencies, all paper trails, the chain of all transactions
- 42:52and everything that's, that's the secure vault.
- 42:55But going back to cryptocurrency, yes, you, you
- 42:59know, we, we want to assume people know what cryptocurrency
- 43:02is, but they don't. And, and the reason they don't
- 43:06is, is they understand that it's here and it's here to stay.
- 43:11And what used to be bad publicity and bad media on it,
- 43:14now they see it as a ticker on CNBC, you know, when they're
- 43:17watching TV and the Dow and the NASDAQ and Bitcoin and Ethereum
- 43:22because it's not going anywhere. And then they see our own U.S.
- 43:25dollar here in the United States become USDC and its own digital
- 43:30asset comparison to the dollar, the stablecoin.
- 43:34And so people know that, but there are so many people who
- 43:38still just don't know why it's valuable.
- 43:42Like why is Bitcoin valuable? Some anonymous person named
- 43:45Satoshi created it in 2009. We don't know who that was.
- 43:50And now it's a multi trillion dollar global asset that is
- 43:54considered equal to actual gold that we can hold in our hand
- 44:00because gold is an equal asset worldwide.
- 44:03Everybody has the same value to it.
- 44:06Everybody embraces it equally, everybody holds it at the top,
- 44:10right? And same with Bitcoin.
- 44:11So maybe how did I get into it? We'll start with that.
- 44:18And that's a funny story. So I was speaking in Palo Alto,
- 44:24CA at a tech conference in 2013, towards the end of 2013.
- 44:31And it's a tech conference of multi industry.
- 44:34So I'm speaking on real estate technology, like how
- 44:38technology's disrupting real estate.
- 44:40So I'm talking a lot about, you know, how we're evolving with
- 44:44electronic signature at a high level and electronic processes
- 44:49and social media and branding yourself using technology and
- 44:53all the stuff that I teach and write the books about.
- 44:56And then somebody was coming up to talk about insurance
- 44:59technology and then finance technology.
- 45:01And after the event, this gentleman walked up to me and he
- 45:06goes, Hey, you know, like I'm a, I'm a financial wealth manager
- 45:10and you know, I, I help people invest money and I own my own,
- 45:16my own little firm. And that was awesome.
- 45:19I'm going to totally, you know, use the things you were saying
- 45:22that you do for real estate to help build my business in
- 45:26finance. He goes, but you know, aside
- 45:29from that, he goes, since you're a techie, I have a question to
- 45:32ask you. He goes, what are your thoughts
- 45:36on Bitcoin and cryptocurrency? Because I have clients who are
- 45:42making millions in Bitcoin and, you know, I just curious, what
- 45:48are your thoughts on it and the blockchain?
- 45:50And do you think that in the future somebody will be able to
- 45:54buy an actual physical house using Bitcoin as their form of
- 46:00payment and the seller of that house accept the Bitcoin in
- 46:04trade for the deed and the keys to the house?
- 46:08And I remember like it was yesterday and I just said, you
- 46:11know, it's, it's a very, very good question, but it's very
- 46:16early, right? And I think it's too early to
- 46:20tell if that will happen. There might be regulation to it,
- 46:25there might be liability, there might be legalities that have to
- 46:28be worked. However, common sense is
- 46:34anything that the world embraces, actually anything that
- 46:39even 10s of millions of people worldwide embrace as some new
- 46:45form of value or process, it won't just find its way into
- 46:50real estate, it'll find its way into every single industry
- 46:54that's it's just common sense. And he goes, wait a second.
- 46:57First of all, you're the first real estate agent who even knew
- 47:00what I was talking about. And second, you actually think
- 47:03in the future somebody will be able to buy a house using
- 47:06Bitcoin. And I go again, might be too
- 47:09early to tell, but let's go back to what I'm saying.
- 47:12Anything, not just assets, anything that 10's and 10's and
- 47:1910s of millions of people embrace as something new, it'll
- 47:23find its way into everything because enough people back it.
- 47:27Enough people see the value in it.
- 47:28And he goes, well, as I said, I have clients who are making
- 47:32millions of dollars. It's super volatile, obviously.
- 47:36And he goes, but they want to park it.
- 47:39And this was before it was, you know, it's much more stable now
- 47:43and it's much more worldwide. But he goes and they don't know
- 47:46where it's going. So they want to park some of
- 47:49their profits into real estate, you know, something more stable.
- 47:54And so, you know, as soon as they're ready, I would love to
- 47:57talk to you and maybe you can help them, you know, find a
- 47:59property where they can buy it. And and I was like, yeah, so we
- 48:03we exchange information. And that was late 2013.
- 48:07He walked away. And this is what I say to my
- 48:09audiences when when I'm speaking on crypto and blockchain.
- 48:13And he walks away. I go into the other room and I
- 48:18grab my phone and I go into Google and what do you think?
- 48:23I Googled what the hell is Bitcoin, cryptocurrency and
- 48:26blockchain? Not kidding.
- 48:28I had no clue what this guy was talking about.
- 48:32I had never even heard the words Bitcoin or cryptocurrency.
- 48:36This is 2013. But you say you have a you have
- 48:40clients making millions of dollars right now and they want
- 48:43to park their profits in real estate and I sell real estate.
- 48:46I don't care what question you ask me right now.
- 48:49I'm going to know what you're talking about, right?
- 48:52And you're never going to corner me.
- 48:53If I see value in, in a conversation, I'll never be
- 48:56cornered where I, I don't, I don't come across like I know
- 49:00what they're talking about. It's that's just, there's been
- 49:03books on sales for years and controlling conversation and
- 49:06being able to route yourself during a conversation to, to
- 49:10seem like you know what you're talking about.
- 49:12And you know, it's like I, how many times have I hung up on
- 49:15someone who asked me a question that I didn't know the answer
- 49:18to? Like I'm on my phone and
- 49:21somebody was just like, Hey, so we live on such and such St.
- 49:23And I mean, are you familiar with our area?
- 49:26If I wasn't, I'll hang up on them.
- 49:29I go into my system really quick.
- 49:31They're calling me. Send a voicemail.
- 49:32I'm not done with my research. Boom, boom, boom.
- 49:34I pick up their street name. Recent sales.
- 49:36Da da, da, da school, school name, school grade.
- 49:38Send a voicemail. Da da, da, da, da da.
- 49:41Good. Calling back.
- 49:43Hi. Oh, I get.
- 49:45Was it me or you, Like, who knows?
- 49:46Stupid phones. Anyways, what street are you on?
- 49:49We're on Hemlock St. Oh, yeah.
- 49:51So how does your house compare to the one on Branton St.
- 49:54On the on the next street? That one just sold like a month
- 49:56ago and now I'm the expert, right?
- 49:59So circling back. So I start Googling it and I'm
- 50:04absolutely fascinated by how much data was out there about it
- 50:09already in 2013. And so I went from, you know,
- 50:14you're learning based, you're addicted to learning, and I'm
- 50:17addicted to learning. You know, even the headlines in
- 50:19my social profiles say researcher I, I just love
- 50:23research. And so I'm diving deep and I
- 50:27went from, you know, binge watching my favorite show on
- 50:32Netflix at, you know, 10:00 at night till midnight.
- 50:35You know, when I go to sleep and I wake up at 5:00 the next day
- 50:38to just watching hours and hours of the most boring videos on
- 50:47YouTube of, of what Bitcoin was, cryptocurrency, the mining
- 50:51process, why it's valuable, why it's going to change the world.
- 50:56And within about six months, I was an expert, like for how much
- 51:01information that I learned on it.
- 51:03And then that's when I started investing in it and
- 51:05understanding, you know, and then I, I'd sell and then I'd
- 51:08reinvest and just learning the processes.
- 51:12And about three years later, that gentleman came calling.
- 51:18We had stayed in touch. He had a client that wanted to
- 51:21buy a multi $1,000,000 property in Southern California.
- 51:25There was a property that wouldn't sell.
- 51:28It was a super unique property. The seller of that property was
- 51:32also somewhat savvy in the crypto space, but it was still
- 51:35pretty volatile compared to now. And Long story short.
- 51:42Well, I mean, it's still pretty volatile.
- 51:44I think it dropped 50% this year.
- 51:46Every four years we're talking about it was doing that on any
- 51:50given day, any given week. It's just going, it goes through
- 51:54its four year cycle and and it's less every time.
- 51:59First it was 90 or whatever drop, then it was 80, then it
- 52:03was 70 or something. This one's been 50 or almost. 60
- 52:07We're doing pretty good. Yeah.
- 52:08So this is not, this is not a crypto investment.
- 52:16I'm not telling people to invest in it.
- 52:18I'm giving you what I do and what you do with that
- 52:20information is entirely up to you.
- 52:22But remember, there's two sides to every currency, investing in
- 52:25that currency or the use of that currency.
- 52:29And so he bottom line, Long story short, they ended up the
- 52:35seller was willing to accept Bitcoin, the buyer use Bitcoin.
- 52:40And that's why I don't like the word currency when it comes to
- 52:42cryptocurrency because it's an asset.
- 52:44It should be called crypto asset because you're trading an asset
- 52:48for an asset, like trading somebody Bitcoin for their house
- 52:52is asset to asset. They're getting that asset.
- 52:54They're not getting a currency that's based on that asset.
- 52:57They're you're sending them that digital gold.
- 53:00And so that caught CNB CS attention when that transaction
- 53:05was done. And then that's what led to me
- 53:08being interviewed with CNBC. And then that's what led to them
- 53:11eventually being the crypto blockchain expert when it comes
- 53:15to its use in real estate. And then it's just grown from
- 53:19there. It's evolved so much now.
- 53:21And now when somebody calls me and says they want to buy a
- 53:25house using Bitcoin, my, my question back to them is why?
- 53:31Why on earth would you trade an asset that is going to go up 25
- 53:36times more than real estate will over the next 20 to 30 years
- 53:40easily? Like, no, now you don't have to.
- 53:44Now you get to have a margin loan like you take out on
- 53:48stocks, right? If you have a ton of Apple stock
- 53:51and you, you need to buy a house and you don't want to have a 7%
- 53:55mortgage or a 6% mortgage, you take your 3 or 4% margin loan
- 53:58against your Apple stock and you go buy the house with that
- 54:01interest rate, right? Well, now there's so many ways
- 54:04to just get a loan against your digital assets so that you don't
- 54:08get rid of that digital asset. I, I actually laugh every time I
- 54:11hear these things. Now Walmart's now accepting
- 54:13Bitcoin. I'm like, if you're stupid
- 54:16enough to buy something at Walmart with a fraction of one
- 54:20of your bitcoins, like my goodness, right?
- 54:23Like just don't do so. Of course, everybody's accepting
- 54:26Bitcoin as a form of payment now because they know where it's
- 54:28going, right? So kind of that's where I'm at
- 54:33now going back to kind of basically what is it?
- 54:37And this is very basic, but you have to understand currency.
- 54:42My definition, my, my layman's term definition of currency when
- 54:46I teach it is currency is simply what 2 or more humans are
- 54:53willing to give a value to, to buy, sell, trade a product or
- 54:59service. Like that's the basic, you know,
- 55:02Michael Jordan's rookie card was used as currency in India during
- 55:07the highlights of his career because two humans are giving it
- 55:10value and they're trading and they're using it as currency.
- 55:13So who gives the yellow piece of metal that we find in earth
- 55:21value? Gold we do.
- 55:23Humans. Yeah, it's just a yellow piece.
- 55:24Of we give everything value. It's just a yellow piece of
- 55:26metal on Earth. We give it its value.
- 55:29Now, why do we give it its value?
- 55:31And see if you follow this with something else that's considered
- 55:35the same definition. We give gold its value because
- 55:37of its rarity, it's worldwide embrace for the same value, its
- 55:43strength. It's the resources and people it
- 55:47takes to find and mine it and pull it out of Earth.
- 55:51And yes, I will hear people say all the time, Yeah, But Tony, I
- 55:57can own gold. Like I can touch the gold.
- 56:01And if you believe in science or you believe in God, whichever
- 56:03one, but you know, God created earth and and it's something I
- 56:07can touch and it's valuable, right?
- 56:09First of all, no, you can't own your gold.
- 56:12You can own gold recreationally. But the government, the United
- 56:16States, took your gold away in 1931 and said it's now illegal
- 56:21to own your gold and gave you a piece of paper called the
- 56:23Federal Reserve note when gold was $2.00 an ounce and now it's
- 56:27$5000 an ounce and they own it all.
- 56:30And that piece of paper now has 0 value because it's 35 trillion
- 56:36in debt and isn't even backed by gold.
- 56:39So the value aspect of the dollar versus cryptocurrency is
- 56:44there's way more value in cryptocurrency.
- 56:46That piece of paper in your pocket, the only value behind
- 56:50that piece of paper is the superpower nation behind that
- 56:55currency that says don't worry, we're figuring it out.
- 57:01That's the only value is words. It's not backed by what you used
- 57:05to be able to have. And when they took it away from
- 57:07you 1931, it was backed by that. You could go in and get your
- 57:11gold and replacement of the glorified IOU, but then they
- 57:16even took that away. And so you can't own gold at a
- 57:21high level technically anymore. You can buy it off market and
- 57:25you know, gold bars and plates and stuff, but that's a
- 57:29different, different podcast. So now let's go back to crypto.
- 57:34OK, science or God. God created earth.
- 57:38We mine earth for valuable metals or stones.
- 57:41Well, God created crypto. If you really want to take this
- 57:44podcast to another level, God created technology because every
- 57:48single piece of technology is powered by what?
- 57:52Electromagnetic waves from the sun, radio waves exist.
- 57:56Every device, everything we have wouldn't exist without being
- 58:02able to connect to the digital world, which is those waves that
- 58:05the sun gives off. So now when you think about it,
- 58:08we as humans figured out how to mine physical mountains for
- 58:12metal. Then we figured out how to mine
- 58:15the digital universe. That's actually math.
- 58:20The entire universe, time, everything, and we figured out
- 58:23how to mine and create a digital asset.
- 58:27And once that was created, it doesn't matter.
- 58:30It's anonymous. Well, who created it?
- 58:32We, we can't, we don't know who it is.
- 58:34We haven't met him. Have you met God?
- 58:37You haven't met that one either. You're going off of faith.
- 58:41I don't know what to say, right? So let's not get complicated.
- 58:44Let's just say that we have figured out how to create a
- 58:47digital asset that not just whoever created it gave value
- 58:52the entire world now has embraced.
- 58:56Let's just take one of them. Bitcoin.
- 58:59Same value, same use. It's rarity, the amount of
- 59:05mining and resources it takes to get one.
- 59:08And unlike gold, it's capped at 21 million coins.
- 59:14What would happen to the price of gold per oz if the world
- 59:18realizes there's no more? We have found it all.
- 59:22We have mined it all. What would happen to it?
- 59:24It would skyrocket. And Bitcoin is what, 9899% mined
- 59:29now? And so it's a digital asset that
- 59:33does have value because remember, what value do assets
- 59:37have? The value that humans are
- 59:39willing to give that asset, right?
- 59:42Yeah, it's so fascinating. I've been an investor in
- 59:45Bitcoin. I remember hearing about it in
- 59:472014 when I started engineering school, and this alumni
- 59:51mathematician told me about it. And because he was, I don't
- 59:55know, he was on campus for some reason, but I think he was guest
- 59:59teaching a class. But anyway, yeah, he told me
- 1:00:00about it and I started. Because we can get complicated
- 1:00:06on this podcast, but I'm trying not to.
- 1:00:08Yeah, Metamask, I can't even remember the exchanges that I
- 1:00:11had to go on. And I'm sure I've lost multiple
- 1:00:13passwords to multiple exchanges. I still lose exchanges like I
- 1:00:16told you. I'm like, can you help me get
- 1:00:18back into? This we're going to.
- 1:00:19We'll work on that after the podcast.
- 1:00:21Yeah, because I call customer support and they say I'm SO well
- 1:00:24without a passkey. So anyway, yeah.
- 1:00:27So it's really been crazy to see what what it's been, what's come
- 1:00:31from it. And there's still people that
- 1:00:33say it's going to go to 0, but I don't think it's ever going to
- 1:00:35go to 0 because there's always a supply and demand.
- 1:00:38And as long as there is a demand, there's going to be a
- 1:00:40supply for it and it's already in existence and people are
- 1:00:42going to use it so. You know, it kind of goes back
- 1:00:45to, you know, I'm very direct and straightforward when I, when
- 1:00:49I speak on stage, like I don't sugarcoat anything.
- 1:00:52And people will say that all the time.
- 1:00:54Like he's a nice guy, but man, he is to the point like he does
- 1:00:57not. I don't mess around and so I say
- 1:01:00things that other people don't like the fact that I put it in
- 1:01:04in ways, but example is just get your head out of the sand.
- 1:01:07It's like the people that I hear say, oh, it's, it's you know,
- 1:01:11cryptocurrencies for money laundering and terrorism.
- 1:01:14Oh, because the US dollar has never been used for money
- 1:01:19laundering and terrorism. Like get your head out of the
- 1:01:22sand and the biggest corporations who have bashed it
- 1:01:25and push the bad media are the biggest whale owners of it.
- 1:01:31Why? Because they bash it online and
- 1:01:35on TV so that the price drops. And then they can buy it.
- 1:01:38Perfect example, JP Morgan Jamie Dimon has always been a critic
- 1:01:45of Bitcoin. Not necessarily a critic of
- 1:01:47cryptocurrency or blockchain, but a critic of Bitcoin.
- 1:01:51Bashes it all the time and price drops.
- 1:01:55He's the CEO of the largest bank JP Morgan and this is content
- 1:02:01you can find online. This is not me who just knows
- 1:02:04this. This is out there for anyone to
- 1:02:06research and see the articles on it.
- 1:02:08But the second it drops after it's being bashed by JP Morgan,
- 1:02:13who buys a billion worth of it. JP Morgan UK, United States, the
- 1:02:21most non friendly crypto country in the world since its existent
- 1:02:26until recently over the last year now and all the new
- 1:02:29policies and everything in the clarity act coming soon.
- 1:02:32But the most non friendly crypto nation in the world and is I
- 1:02:38think number six or seventh largest whale owner of it.
- 1:02:42And why aren't they selling it? Because they know where it's
- 1:02:45going. And I think that's where I try
- 1:02:47to tell people like, you know, go, go to 0 no, because it's not
- 1:02:54based off of just United States embracing it.
- 1:02:58It's global nations are using it.
- 1:03:01And that's where you just see where it's going to go.
- 1:03:04And they just don't, unfortunately, they don't want
- 1:03:08the non 1% to own it. They know the amount of wealth
- 1:03:13it's going to create. They know where it's going to
- 1:03:15go. And I think that that's why
- 1:03:18you're you, you get a lot more bad media on it than you do
- 1:03:22good. And then I always try to compare
- 1:03:24digital things to real life. Like, you know, when I was a
- 1:03:28real estate agent, door knocking, I went from door
- 1:03:30knocking to door clicking the modern day front door.
- 1:03:33So I always try to compare what we do online is the same thing
- 1:03:36we used to do offline going back to crypto is Bitcoin is say the
- 1:03:42gold Ethereum is the silver, right Ripple or something like
- 1:03:47it is, is copper and bronze and like just go down the line.
- 1:03:52But gold, there was something called fool's gold that people
- 1:03:59found and it wasn't real and people got fooled because they
- 1:04:03thought it was as valuable as the real one because it looked
- 1:04:05the same. And and there was a bunch of
- 1:04:07people behind it and talking about it.
- 1:04:09Well, there's some fools crypto out there.
- 1:04:12There's a thousands of cryptocurrency tokens.
- 1:04:15So I always try to tell people you have to focus on the ones
- 1:04:18that have use. What is their purpose?
- 1:04:21What are they being used for? And don't pay attention to all
- 1:04:24these other ones that are out there.
- 1:04:26And and Kevin O'Leary says the best.
- 1:04:28Like he always says she's like, yeah, there's Ripple, there's
- 1:04:30this one, there's this one chain link Solana.
- 1:04:33But he goes Bitcoin, Etherium, like they're going to have 95%
- 1:04:39of all market share of things that are being done with the use
- 1:04:43of crypto. So he only focuses on Bitcoin
- 1:04:47and Ethereum. So I think that's where, you
- 1:04:49know, don't get overwhelmed with the fool's cryptos, you know,
- 1:04:52the fool's gold. Get focus on what you see the
- 1:04:55whales purchasing over and over again, like Mike Saylor with
- 1:05:00strategy. I mean, my goodness, so many.
- 1:05:04So yeah. Yeah, I know.
- 1:05:07I hope they were probably in some pay.
- 1:05:08Hopefully they're still doing OK with that massive drop because
- 1:05:10they were what, 30 to 1 leverage?
- 1:05:13On there going to be fine. Yeah, I'm, I'm sure he will be
- 1:05:16fine. He's good at.
- 1:05:17Now, now you have the evolution of it.
- 1:05:19So now they're now we're talking tokenization that has become the
- 1:05:25big world. The big word is, is tokenization
- 1:05:28of RWA real world assets. You have people talking about
- 1:05:33tokenization of stocks now in the entire stock market,
- 1:05:37tokenization of actual physical house, tokenization of a mega
- 1:05:42yacht, Tokenization of a private jet.
- 1:05:45Commercial properties. Commercial properties all
- 1:05:47powered by decentralized finance defy and on the blockchain
- 1:05:52recorded. So example of where I'm trying
- 1:05:54to teach now is there's, there's multiple reasons to learn this.
- 1:06:02The number one reason when I teach it is not to get people to
- 1:06:08feel like they should invest in it or anything like that.
- 1:06:11It's you should have knowledge of what billionaires have
- 1:06:16knowledge of to get into those conversations.
- 1:06:20So 30 years ago, 40 years ago, if a real estate agent really
- 1:06:24brand new just got a license, they want to go after
- 1:06:28millionaires and luxury neighborhoods and they want it.
- 1:06:32They want to they want to hit that market.
- 1:06:36What news should they be watching?
- 1:06:39CNBC, Bloomberg stocks, the economy.
- 1:06:43They should be learning that world because that's what
- 1:06:45wealthy people have knowledge of.
- 1:06:46So that when they're at the Country Club or when they're at
- 1:06:49the golf course or when they're at a nice restaurant and they
- 1:06:51hear the other table or somebody that they meet talking stocks,
- 1:06:56they watch enough of the stock market to get into that
- 1:06:59conversation. Oh, well, it's nice.
- 1:07:01What do you do? I'm a real estate agent.
- 1:07:03Oh well, I need to sell my house.
- 1:07:05But they would have never been able to get in that conversation
- 1:07:07if they didn't have knowledge of what those super wealthy people
- 1:07:10had knowledge of. That's why I teach it.
- 1:07:14I don't care what you do with it.
- 1:07:15I just want you to understand it so that when you hear somebody
- 1:07:18talking about Bitcoin or Ethereum or the blockchain or
- 1:07:22tokenization, and you're at some nice restaurant, now you get to
- 1:07:25go and get into the conversation.
- 1:07:30And now you're talking to them about what you know about crypto
- 1:07:32and what news you heard that day.
- 1:07:35And now they're like, what do you do?
- 1:07:36I'm a real estate. Oh, I got to sell my house.
- 1:07:39Not with crypto. I don't need to buy or sell a
- 1:07:41house using Bitcoin or anything. I just, I need to sell my house.
- 1:07:44But you got to get in that conversation.
- 1:07:45And that's what I try to get into people's head is Bob and
- 1:07:48Sally, Sorry if your name's Bob or Sally, they're just my
- 1:07:51default names. Bob and Sally in Little Rock, AR
- 1:07:55who dabbled $100 towards a Bitcoin 10 years ago or five
- 1:07:59years ago or one year ago are not who made it a multi trillion
- 1:08:05dollar worldwide assets. The most wealthiest intelligent
- 1:08:10people in the world understand it, they own it, they use it and
- 1:08:17they know where it's going. And so that's probably the best
- 1:08:22point of this podcast is take the time to learn it.
- 1:08:25It goes back to what we were saying about AI.
- 1:08:27Most people in the crypto space or blockchain space are just
- 1:08:32doing it or have the knowledge of what they hear people around
- 1:08:37them saying about it. They're just reacting.
- 1:08:39They're not. They're not taking the time to
- 1:08:41go deep. Yeah, yeah.
- 1:08:44The Kathy Wood with ARC Investments, who I follow, she's
- 1:08:48their five year prediction targets a million and a half.
- 1:08:51I love her too. She's amazing.
- 1:08:52I don't just love her because of her prediction.
- 1:08:56I'd love her if her prediction was the other way, yeah.
- 1:08:59But I, I, I love her. I listen to her a lot and always
- 1:09:04read the things that she's on for sure.
- 1:09:06Yeah, she's amazing. Yeah.
- 1:09:08Yeah. And I think, you know, just
- 1:09:09especially with everything going on, I mean, we're technically in
- 1:09:12war. People will say we're not in
- 1:09:13war, It's an excursion in Iran or someone told me that
- 1:09:16yesterday. They're like the excursion we're
- 1:09:18on in Iran. I'm like, OK, you call it what
- 1:09:19you want, but pretty sure it's a war.
- 1:09:22But anyway, the excursion in Iran that we're on the still in
- 1:09:28a inflationary environment and then of course with Iran and the
- 1:09:31oil prices going up, that creates higher inflation.
- 1:09:33We're trying to get interest rates down, but that's also
- 1:09:35inflationary. So you have too much inflation.
- 1:09:38We can't get interest rates down, which affects the overall
- 1:09:41economy. We have a trillion dollars of
- 1:09:43commercial real estate debt coming, coming due, which last
- 1:09:47crisis was a residential real estate crisis because of the
- 1:09:50adjustable rate mortgages. Well, now it's more of a
- 1:09:52commercial real estate, you know, I don't want to say
- 1:09:56crisis, but bumpy Rd. volatility and commercial real estate
- 1:09:59because of all the debt coming due And as long as interest
- 1:10:01rates continue to remain elevated, the sponsors, the
- 1:10:05owners of these buildings can't refinance.
- 1:10:07And so that's going to cause prices to drop and the cycle to
- 1:10:10kind of reset and restart and we're kind of in that, but it's
- 1:10:14different this time because it and I hate what people say.
- 1:10:16It's different this time, but every time it's different,
- 1:10:18right? History rhymes, doesn't repeat
- 1:10:21it rhymes. And so now with banks extending
- 1:10:25and modifying because we don't want to have all of these loans
- 1:10:28taken back or all these assets taken back.
- 1:10:30But you know, we have 20% vacancy in office buildings
- 1:10:33nationwide, which is 20%. I mean, you know how many
- 1:10:37billions of dollars of loans are in offices.
- 1:10:39So that's obviously a problem. We have, you know, a little bit
- 1:10:43of climbing vacancy. We have some high vacancy in
- 1:10:45apartments. We've had dropping rents.
- 1:10:46And this is commercial real estate, which commercial real
- 1:10:48estate is a big indicator of the overall economy because it's
- 1:10:51where we have our businesses, the whole real estate market,
- 1:10:56general residential and commercial.
- 1:10:57And we've been seeing a softening in residential and
- 1:11:00then we're seeing the the value of the dollar continue to go, go
- 1:11:03down because of the hyperinflation.
- 1:11:04So there's just so much going on in this new rise of AI and
- 1:11:07technology and blockchain and crypto.
- 1:11:10And I think a lot of people feel so overwhelmed of, Oh my gosh,
- 1:11:15what do I do? Everything seems to be chaotic
- 1:11:18or changing really fast. And, you know, we came off this
- 1:11:21long bull run and everybody was wealthy and happy and doing good
- 1:11:25for the most part. And then now it's just day after
- 1:11:28day, it's like you look on the news or you look on social media
- 1:11:32and you're like, you just think, Oh my gosh, you know, 15 massive
- 1:11:35things happened today and, and how do I possibly keep up with
- 1:11:40it? And so I think really my message
- 1:11:43here of my long ramble and rant is it is so important to be
- 1:11:47investing in assets and assets are one your own skills.
- 1:11:51That's the best asset you could possibly have.
- 1:11:53And Robert Kiyosaki always says it's skills that make you rich,
- 1:11:57not money because your skills can go make you the money.
- 1:12:00So yeah #1 is your skills. Number 2 is hard assets.
- 1:12:04What whatever you believe in, like whether it's
- 1:12:06cryptocurrency, you know, you believe in Bitcoin.
- 1:12:09I like to diversify and and play with a bunch of different
- 1:12:12things, even if I'm not 100% sure of everything, right.
- 1:12:15But whether it's cryptocurrency, whether it's gold and silver,
- 1:12:19whether it's real, yeah, 100% real estate, commercial or
- 1:12:23residential, like all of these assets is so important because
- 1:12:29there is a lot of changes happening with the dollar and
- 1:12:33with currency. And if you look into the news
- 1:12:35and what's going on and, and the whole fact that the dollar is
- 1:12:39just debt, right? And so people who just save
- 1:12:42dollars ultimately lose over time.
- 1:12:44And we're in such a massive phase of growth where there's
- 1:12:48Elon Musk is going to take a multi trillion dollar company
- 1:12:50public, which is the biggest company valuation ever in
- 1:12:54history. And we have the opportunity as
- 1:12:57people, as normal investors to go in and buy like become
- 1:13:01owners. And that was that video I posted
- 1:13:04yesterday became viral that said nobody ever got rich from being
- 1:13:07an employee. It's not to say that you
- 1:13:08shouldn't be an employee. It's just that money that you're
- 1:13:10earning from being an. Do something with.
- 1:13:12It right, you have to become an owner and we have to become an
- 1:13:15investor and not be afraid of what if this goes down?
- 1:13:19Well guess what? Your dollars are going down 100%
- 1:13:23guaranteed. Yeah, your oranges are going to
- 1:13:25get more expensive. Your eggs are going to get more
- 1:13:27expensive. It's not the dollars going, you
- 1:13:29know, it's, it's not that the dollar, the dollar is not going
- 1:13:34down. It's the cost of goods that are
- 1:13:36going up, you know, at the end, which is the same.
- 1:13:38And so I think that's where people don't, you know, grasp
- 1:13:42what we're saying is, is, you know, that house that your,
- 1:13:46your, your grandparents bought for $40,000 that's worth 10
- 1:13:52million now or $5,000,000 and it was 40,000 then.
- 1:13:58It's still the same house today. It might have been remodeled,
- 1:14:02but the same value today that you get out of the house is
- 1:14:05equal to the value you got when they bought it and the value
- 1:14:08that they had on it. It it's still the same thing,
- 1:14:11but it costs more because of inflation, because the dollar
- 1:14:15getting weaker. That's what people need to
- 1:14:17understand. And so you can.
- 1:14:18You want to own it Exactly. Because then you benefit.
- 1:14:20Yeah, exactly. Sorry, Bruce, Go.
- 1:14:22Ahead, no. And so, you know, even taking
- 1:14:2710% of your income, 5% of your income and investing in
- 1:14:32something is going to prove to be beneficial.
- 1:14:36And a lot of people, I think, you know, people who struggle,
- 1:14:39you know, they don't have that 5 or 10% to invest sometimes, you
- 1:14:43know, they, they rely whole, you know, on that whole salary.
- 1:14:47So I'll always ask him when people come to me for advice is
- 1:14:50if so, if you got laid off. So you make, let's just for
- 1:14:54simple math, $10,000 a month. I know people don't all make
- 1:14:58$10,000 a month, but $10,000 a month and I that pays all my
- 1:15:02bills. Like I don't have the means of
- 1:15:04of dedicating $500 to you know, Robin Hood or stocks or
- 1:15:10tokenization or investments in crypto.
- 1:15:13What if you got laid off tomorrow?
- 1:15:15Oh it would be horrible. What if the new job was only
- 1:15:18going to pay you 9500 a month? Would you accept it or would you
- 1:15:22say, Nope, I have to wait for 10,000?
- 1:15:26No, of course I would take it. I, you know, I'm just going to
- 1:15:28have to cut some things in order to for 9500 to be enough now.
- 1:15:32Yeah, exactly. There's your answer.
- 1:15:34Cut some things to make your 10 thousand 9500 capable and invest
- 1:15:39the other $500. It's just because you don't.
- 1:15:41Have to that you don't do that anybody can can find money to
- 1:15:46invest and I don't care if it's $10, just start.
- 1:15:50It's such a frustrating excuse that people think that they have
- 1:15:53to have millions of dollars to invest and that's it's so $5 a
- 1:15:58day. You know, like David Bach talks
- 1:16:01about that $27.00 a day, which is 2 Starbucks coffees or
- 1:16:05something, you know, or one meal like 1, you know, one the
- 1:16:09Chipotle with some chips and guac, you're at 27 bucks, which
- 1:16:12we all eat. So just eat a little less and
- 1:16:15take that money and go invest it in an automated account on Robin
- 1:16:19Hood. I mean.
- 1:16:20Yeah, don't take this the wrong way for anybody who's listening,
- 1:16:23but you know, until you've created, you know, savings for
- 1:16:26your retirement, maybe the $0.33 a a day to the rescue Dog
- 1:16:31Foundation should be $0.33 a day to your own investing so you can
- 1:16:36eventually give more. But you're the, the dog isn't
- 1:16:40the victim, the, the children aren't like at the end of the
- 1:16:44day, if you have to be your own victim, are you helping
- 1:16:48yourself? So eventually you can do it on a
- 1:16:50greater scale and give back and give back to charities and give
- 1:16:54back to foundation. So you know, if you're not, if,
- 1:16:57if you're barely getting by, cut the things that you, you know, I
- 1:17:01used to tell age I used or I still do every now and then I'll
- 1:17:04ask audiences. And this is actually a stat that
- 1:17:07I've, I've researched and it's still a stat and it's only gone
- 1:17:10up. What do you think on average,
- 1:17:13the average top producing real estate agent, meaning an agent
- 1:17:17who is doing a decent amount of business, you know, somebody
- 1:17:21who's in the top 20%. What do you think?
- 1:17:25On average, most of them spend $313.00 a month on.
- 1:17:33Coffee. Starbucks.
- 1:17:35Yeah. That's the average.
- 1:17:39I I challenge anyone listening to this who's a producing
- 1:17:43business owner. You're, you're an independent
- 1:17:45contractor, insurance agent, lender, real real estate agent.
- 1:17:49I challenge any of you to add up your gourmet coffee point of
- 1:17:53sales in your bank account and realize could I just drink
- 1:17:57regular coffee at my house and take that other extra 250 bucks
- 1:18:03and be investing in it? Yeah, you just have to be
- 1:18:06willing to cut in order to create wealth.
- 1:18:08Sometimes you have to take a step back.
- 1:18:10Yeah, that's what Tony Robbins said.
- 1:18:12He said if you took $300 a month and you invested it for eight
- 1:18:17years, once a month, right in the S&P.
- 1:18:20It's crazy. Getting he, he, he, it was S&P
- 1:18:24done 10% / 30 years, but he just said 8 percent, 8% compound is
- 1:18:27just you just leave it in there. You would not have to invest one
- 1:18:30more penny again after eight years, which is a $28,000
- 1:18:32investment. And when you retire when you're
- 1:18:3430. So you can have a kid do this
- 1:18:36your your children, right? You can have your middle school
- 1:18:39kid do chores or high school goes and gets the jobs and they
- 1:18:42just train them 300 bucks a month.
- 1:18:44That's all you need. Well, in 30 years they have
- 1:18:46almost $2,000,000 and they didn't do anything.
- 1:18:49They invested 28 grand and they completely passive, didn't do
- 1:18:52anything to earn that. And just by putting it in the
- 1:18:54S&P, which anybody can do and go create an account and it's so
- 1:18:57easy and you can automate the withdrawal from your account
- 1:19:00every month so you don't even think about it.
- 1:19:02And I think that that's another thing people don't understand
- 1:19:04sometimes because they're not taking the time to do research
- 1:19:06is you think the 28,000 is just accruing the same amount of
- 1:19:11interest annually to eventually get to that because they don't
- 1:19:14know the term compound interest, you know, and compound interest
- 1:19:18is completely different than your normal annual, you know,
- 1:19:23dividend or interest, interest rate earning.
- 1:19:26And so that's where I love Tony Robbins for that because he
- 1:19:29makes it so easy for people to understand.
- 1:19:32And even if people don't just do it, literally just do it
- 1:19:36humorous and try. I just think everybody needs to
- 1:19:39be an investor and the sooner you can, the more leverage you
- 1:19:42have because of the miracle of compound interest.
- 1:19:45And it's it doesn't need to be so complicated, you know, and I
- 1:19:49think people think it's so complicated and it's so risky,
- 1:19:52but it's just you do it to stay consistent with it long term.
- 1:19:57Like I don't like day trading or trying to figure.
- 1:19:59And that's the reason I actually love real estate because it
- 1:20:02forces you to be a liquid. It forces you to not panic sell
- 1:20:06as I can't just be like. Oh my gosh, Bitcoin crashed and
- 1:20:09I'm going to sell it right now. Like let me let me save, let me
- 1:20:12because we always have this scarcity.
- 1:20:13Like we're driven by fear and greed, the scarcity and this
- 1:20:17this greediness. And so with Bitcoin or with any
- 1:20:20stock, people can be scared and they want to protect the
- 1:20:24remainder of what they have because they see something's
- 1:20:25dropping and they panic sell, which if you can get over that
- 1:20:29and train your mind, that's like when you're buying more, as long
- 1:20:31as you don't over leverage and allocate like all the all those
- 1:20:35rules, right? But with real estate, like the
- 1:20:37real estate market could be dropping.
- 1:20:39But I can't just go be like, OK, I mean, I guess I could, but for
- 1:20:42sale sign up tomorrow and I have my money in three seconds.
- 1:20:45And so it makes you really think long term.
- 1:20:48So when I invest, I try to think in terms of 10 years at least,
- 1:20:53like if I'm going to do I believe in this thing for 10
- 1:20:56years? Chess, not checkers.
- 1:20:58Yeah, exactly. Yeah, so.
- 1:21:01You're way ahead so that you're not making the the reaction now
- 1:21:07you're thinking ahead. Do I have 10 years?
- 1:21:09You know, you're 10 steps ahead, you know, and and again, it kind
- 1:21:15of circles back to the to billion dollar philosophy is
- 1:21:20people are selling things like their crypto or assets out of
- 1:21:25scarcity because they've gone down.
- 1:21:27But the billion dollar companies are buying more when you're
- 1:21:31selling it. Like why aren't they selling
- 1:21:34theirs? You know, because they know
- 1:21:35where it's going. They're not, they're not doing
- 1:21:37it because they think it's a bad decision.
- 1:21:40It could be, but I find it hard to believe.
- 1:21:42Right. So yeah.
- 1:21:45That's where the wealthy get wealthier and the poorer get
- 1:21:48poorer. And that's where that saying
- 1:21:49comes from is because these markets where everything drops
- 1:21:54and asset values drop, that's when you build wealth.
- 1:21:58And most people, they buy at the peak and they sell at the
- 1:22:01bottom. My grandfather rests in peace,
- 1:22:05Papa, my grandfather always said it was one of his favorite
- 1:22:08sayings. He would say, you know, don't do
- 1:22:12what I did in his Boston Sicilian accent, but, you know,
- 1:22:16don't do what I do. I always bought high and sold
- 1:22:18low. You know, he'd always say time
- 1:22:21and time again. Is he?
- 1:22:22The one that said how to be recession proof?
- 1:22:24No, that was his brother, my godfather and my great uncle
- 1:22:27Mike. How do you be recession proof?
- 1:22:30Liquid assets, liquid knowledge, always increasing the amount of
- 1:22:34liquid assets you have and always being learning based and
- 1:22:37increasing the knowledge here. Yep.
- 1:22:39And so good. Yeah, yeah, it's a it's a, it's
- 1:22:43a crazy time to be alive. And So what?
- 1:22:47Because you just, we were talking about the billionaire
- 1:22:49mindset. What do you think people?
- 1:22:51What belief do people have to let go of?
- 1:22:55Like what belief do billionaires have that normal people don't
- 1:22:59have? That's a great question.
- 1:23:03And of course there's many, but what are some things that you've
- 1:23:05seen in in your network of billionaires are working with
- 1:23:08executives, a billion dollar companies, How do they see
- 1:23:12things differently than what the.
- 1:23:13They believe in themselves. They believe in themselves and
- 1:23:16many people don't, you know, I think, I mean, tell me a
- 1:23:22billionaire that when they were first starting out, before they
- 1:23:25were a billionaire, didn't have belief in themselves.
- 1:23:28They have delusional belief in themselves.
- 1:23:30Delusional belief in themselves, and look where that delusion got
- 1:23:33them, right? And so you have to believe in
- 1:23:38yourself to achieve anything when you think about it, even on
- 1:23:43small scales. But you know, there's something
- 1:23:46that people say all the time, like, you know, got to have No
- 1:23:49Fear. You got to have No Fear.
- 1:23:51Like fear is bad. I don't know what it is, but
- 1:23:54fear is not bad. Fear is how you get to success.
- 1:23:59Like fear is. You're so fearful that you're
- 1:24:03going to work harder to do it right.
- 1:24:06It's quitting that that is that that is the bad thing.
- 1:24:09Or you're not even trying. So it's not fear.
- 1:24:12Fear is good. It's self doubt that kills
- 1:24:16success. Self doubt and fear are
- 1:24:17completely different. A tightrope Walker who's about
- 1:24:21ready to go over a Canyon 200 feet deep with no harness.
- 1:24:25The weatherman says zero wind that day, zero wind.
- 1:24:29All forecast say zero wind. Do you think the tightrope
- 1:24:33Walker has self doubt? Nope.
- 1:24:34That's why he's a tightrope Walker.
- 1:24:36She Do you think they have fear that day that is going to make
- 1:24:41them be prepared for a gust of wind and the weatherman being
- 1:24:45wrong? Yeah.
- 1:24:47Which is why they're going to be prepped and have fear as they go
- 1:24:51across ready for a bad thing to happen just so they're prepared
- 1:24:56for it. That's a good thing.
- 1:24:58Fears making them get to the other side and do it correctly
- 1:25:01and slowly and be precise. Self doubt got them to not even
- 1:25:05try. Right, right.
- 1:25:06And so to answer your question, that's the first my gut instinct
- 1:25:10answer is what belief do you have to have?
- 1:25:14I say in in yourself. Yeah, yeah, Delusional belief in
- 1:25:18yourself. I think that's so true and
- 1:25:20definitely something that billionaires that I have met
- 1:25:22have. And I feel like I have that I
- 1:25:25have a lot. I still have the self doubt and
- 1:25:27the fear and that stuff too. And there's just like you're
- 1:25:29saying is a lot of people try to, they try to resist fear.
- 1:25:32They try to like, I'm afraid so I'm not going to do it right.
- 1:25:35But when you can realize that fear is your friend and it's not
- 1:25:39going anywhere, it's going to be by your side for the rest of
- 1:25:41your life. And if you cannot get
- 1:25:44comfortable with fear next to you, you will never take any
- 1:25:47actions, actions towards your dreams.
- 1:25:50And people think fear is just bad and I shouldn't do it
- 1:25:53because I'm afraid. But just like I'm afraid to do
- 1:25:55keynotes on stage and all this. But I know it's aligned with my
- 1:25:58true north and my mission and what I want to create in my
- 1:26:00life. And so I just am going to push
- 1:26:02through the fear and I still have self doubt of, oh, what if,
- 1:26:06you know, I'm not nobody. None of us are good at something
- 1:26:09that we haven't done yet, right? We have to practice.
- 1:26:11Like I was terrified on my first podcast.
- 1:26:13Now I'm just like, OK, hey, how's it going?
- 1:26:15I'm so super comfortable on camera now.
- 1:26:17And that was a year ago. And yeah, so I think that's a
- 1:26:20big, big message is make fear your friend.
- 1:26:23And like fear, your fear has a message for you.
- 1:26:26And that message keeps you safe. But you also need to have to
- 1:26:31know that what your true north is and what you want to create
- 1:26:35and what you want your life to look like, and then use that
- 1:26:38fear to help guide you and protect you, but not to hold you
- 1:26:42back from creating the things that you want to create.
- 1:26:44And then as long as, and that's what courage is, it's not not
- 1:26:47having fear. Courage is just acting in the
- 1:26:51direction of your dreams despite of the fear that you have
- 1:26:54because I do it scared all the time.
- 1:26:56You know, I just like the first talk I did on stage.
- 1:26:59I was terrified, but I just did it scared and that's how you
- 1:27:02move through it. And once you gain confidence in
- 1:27:04something, which you gain confidence from just doing the
- 1:27:07reps and seeing the success and keeping your promises to
- 1:27:12yourself and just doing it, then the fear goes away naturally.
- 1:27:15But if you're, if you're not afraid constantly, then you are
- 1:27:19completely stagnant and never growing because your body is
- 1:27:23naturally built, evolutionary constructed to protect you and
- 1:27:27to help you survive and and so you'll be in fight or flight.
- 1:27:31So anytime you're doing something new, you're going to
- 1:27:34have fear. Like nobody's just going to go
- 1:27:36do something new and be like, totally fine, got this, No big
- 1:27:39deal. Because you don't.
- 1:27:41The fear doesn't go away until you are confident in it and
- 1:27:44you've experienced it before. And so I always know if I I'm
- 1:27:47afraid if I'm not afraid, because then that means I'm not
- 1:27:50pushing enough. That's kind of what I was just
- 1:27:53going to share. Yeah, for sure.
- 1:27:55Well, it kind of goes back to exactly how you put it, but it's
- 1:28:01it's somebody who doesn't have a fear that they're going to lose
- 1:28:04their job next this December. They don't have a fear that
- 1:28:09they're going to lose their job. They're going to continue doing
- 1:28:13what they're due every month thinking they're going to have
- 1:28:15that job forever. But if you embrace fear and you
- 1:28:19force yourself to have it, if you could find out if somebody
- 1:28:24told you you are going to lose your job December 18th, I'm just
- 1:28:27letting you know like that you're done.
- 1:28:31December 18th, I'm from the future and you know that that
- 1:28:34was legitimate. What would you change right now
- 1:28:38in preparation that you know you're not going to have an
- 1:28:41income come December 18th? You would be cutting costs.
- 1:28:45You'd be only doing things that are necessity, not once you'd
- 1:28:49get rid of like upgrading that car or whatever in preparation
- 1:28:55of what you know is going to come.
- 1:28:57Well, then have the fear of it. A lot of people, sometimes they
- 1:29:00do. You're so doomsday.
- 1:29:02I go, no, I'm just pre just chess.
- 1:29:05What if things slowed down and I knew they were going to slow
- 1:29:09down? How would I be prepared now?
- 1:29:11And that goes back to the liquid acids, liquid knowledge.
- 1:29:14Like if I don't need it, then I'm just going to pretend like
- 1:29:18something's going to happen next year and I'll, I'll, I'll act
- 1:29:23accordingly now And that, you know, so I'm afraid when I'm not
- 1:29:26afraid as well. I I put fear on things on
- 1:29:29purpose. Yeah, I do too, because if we're
- 1:29:32not growing, we're dying. And I think we should always be
- 1:29:35pushing ourselves to do new things.
- 1:29:37And ultimately, I mean, again, we're floating on a space rock
- 1:29:40in the middle of expanding nothingness.
- 1:29:41And the idea that we exist in the same water we drink is what
- 1:29:45flows through our body and keeps us alive.
- 1:29:48It's just, it's, that comes from the sky that's evaporated from
- 1:29:51the oceans like it's, it's, it's insane.
- 1:29:54So anything that I could possibly be afraid of doesn't
- 1:29:56really have that much weight and my ego can get over it and I
- 1:30:00should might as well. Like anything is possible.
- 1:30:04People are like, oh, that's impossible.
- 1:30:06Like you, you realize your meat body is here talking to me with
- 1:30:11a consciousness and you're telling me that this little puny
- 1:30:15goal that you have is impossible.
- 1:30:17Or even if it's a big goal, but anything's a puny goal when you
- 1:30:20compare it to life and existence and creation.
- 1:30:22And so I just think. Like galaxies away, you cannot
- 1:30:26see us, you cannot see Earth. Galaxies away give that value,
- 1:30:33right? And you don't think something's
- 1:30:35possible on that little speck that can't even be seen a few
- 1:30:38galaxies away, right? Anything's possible.
- 1:30:41So that's why we have to be delusionally, we have to
- 1:30:46delusionally believe in ourselves to create whatever we
- 1:30:48want to create. Because why can't you create a
- 1:30:51billion dollars of worth? Why can't you feed 8 billion
- 1:30:54people like Tony Robbins goal is?
- 1:30:57Why can't you make the world a better place?
- 1:30:59Of course you can. It's just do you want to?
- 1:31:02Yeah, and even if you don't hit the actual goal, you're going to
- 1:31:05hit massive goals on the way that achieved amazing things.
- 1:31:10Yep. And the key is not being tied to
- 1:31:11the outcome, it's being tied to the mission and who you become
- 1:31:15when you execute on that mission.
- 1:31:17And that's the beauty in all of it.
- 1:31:19So it's exciting. All right, school Hard Knocks.
- 1:31:22Well, this, just so you know, was by far absolutely amazing.
- 1:31:26Like I really enjoyed this one for sure.
- 1:31:28Me too. You're awesome.
- 1:31:30You're awesome too. I think you should move to
- 1:31:32Scottsdale and then we could do like a monthly AI crypto real
- 1:31:37estate just. You guys have the same weather
- 1:31:39Southern California, right? So it doesn't get above like 80.
- 1:31:42Well, we could do there in the summer, you know, June, July,
- 1:31:46August and then, yeah, we'll just.
- 1:31:50I do love Scottsdale, I've always said that.
- 1:31:53Yeah, but you know, primary residence in Arizona, Arizona
- 1:31:56taxes are much better, I've heard, even though if you're
- 1:31:59buying real estate every year, you probably don't have to pay
- 1:32:02taxes out there either. But anyway, OK, rapid fire
- 1:32:05School of hard knock style. OK.
- 1:32:08How old were you when you became a millionaire the first time?
- 1:32:1120/6/2004. And then you lost it, and then
- 1:32:15you rebuilt, right? Yeah.
- 1:32:17Lost it. That's on the first podcast.
- 1:32:19The first podcast, yeah, click, click over to the side at the
- 1:32:22end of this video. We should actually put that link
- 1:32:25on the end of this video. What line of business are you
- 1:32:28in? Real estate and speaking.
- 1:32:30Writing. Serial Entrepreneur.
- 1:32:32Serial Entrepreneur. Speaker, writer, author, crypto
- 1:32:35real estate investor. Yeah, all the things.
- 1:32:38OK, cool. What is the greatest piece of
- 1:32:40advice you've ever heard or received in your life?
- 1:32:43Increase liquid assets and increase liquid knowledge.
- 1:32:46But since we've already said that one, I would say choosing
- 1:32:49delayed gratification over instant gratification.
- 1:32:52You know, I think that in the first half of my life, or maybe
- 1:32:57even 2/3 of my life, I chased instant gratification.
- 1:33:01It wasn't until probably the O8O9 crash that I started
- 1:33:05focusing on delayed gratification.
- 1:33:07I don't need to see the reward now and I'm going to give this
- 1:33:10the effort it deserves. Instead of just chasing the
- 1:33:12shiny thing or, or thinking the grass is greener on the other
- 1:33:15side. I'm just going to give this the
- 1:33:16watering and and fertilization it needs.
- 1:33:21Yeah. And if you have instant
- 1:33:22gratification all the time, you don't get the miracle compound
- 1:33:24interest. Exactly.
- 1:33:26That's perfectly put. What's the best book that you've
- 1:33:30ever read other than your own? I don't think I've read mine.
- 1:33:35I wrote it so that guy guess that would define it as reading
- 1:33:39the best. It's this question I just can't
- 1:33:43answer. There's so many good books out
- 1:33:45there. Think and grow rich.
- 1:33:47Like, think and grow rich. Rich dad.
- 1:33:49Poor dad. The one thing Millionaire real
- 1:33:52estate agent. Miracle Morning, School of
- 1:33:56Greatness. Lewis House.
- 1:33:58Yeah. So many good ones.
- 1:34:00I know there's SO. Many and any book John Maxwell
- 1:34:02writes. Yeah, you're on John Maxwell's
- 1:34:06top leaders. It yeah, it was, it's a top.
- 1:34:10It's like a that that was actually a dream come true
- 1:34:14because he idolized the guy when it comes to leadership and, and
- 1:34:19his books and what he teaches. And they did a thing where like
- 1:34:24thousands were nominated and it was this world, it was the top
- 1:34:28100 leaders of the world for different reasons.
- 1:34:32And I found out that I was in there and then I made it and I
- 1:34:40got a little certificate and the seal and I was, I was, I was
- 1:34:43blown away because I've always followed him.
- 1:34:46So yeah, that was a that was a fun.
- 1:34:48That's. Amazing.
- 1:34:50That's so cool. Who is your hero and why?
- 1:34:52My mom, because she just changed my life and truly taught me to
- 1:35:01believe in myself. And when I guess when you said,
- 1:35:04you know, what should people have in their belief system
- 1:35:06believing in themselves, she made me that way.
- 1:35:09And one of the last things that I remember in our conversations
- 1:35:12after she passed in in 2013, you know, when I tried to say my
- 1:35:16last words, you know, because we were about a week away and
- 1:35:19everybody, my siblings, everybody just knew she was on
- 1:35:22Hospice and it didn't look good. And so I came to do mine and she
- 1:35:27stopped me like mid sentence. I was like, hey, mom, I just,
- 1:35:30you know, want to Karen. She's just stopped me and she
- 1:35:33goes, you don't need to say what you're about to say.
- 1:35:36Like, I know you're going to be fine.
- 1:35:39I'm not worried about you at all.
- 1:35:42She's just like, what I need from you is you to start
- 1:35:46believing what I already know, you know, And that's where I
- 1:35:49kind of developed my stop focusing on proving the wrong
- 1:35:52people wrong in your life and change your focus to proving the
- 1:35:55right people right in your life, the people who believe in you.
- 1:35:59So she's by far my hero and and because she, I think, just made
- 1:36:04me believe in myself at a different level.
- 1:36:06That's beautiful. If you could send one message to
- 1:36:09yourself in your 20s, what would you say?
- 1:36:12To change the course or prep them for what's coming.
- 1:36:16Anything. You could just send one text to
- 1:36:18your. 20 years, I love it. Buy Bitcoin when you hear it
- 1:36:22come out. No like advice.
- 1:36:26Advice is there's going to be some rocky roads ahead like, but
- 1:36:32you're going to be fine. So no matter what, don't stop
- 1:36:35believing in yourself because here I am telling you all the
- 1:36:39things that you think are going to be the end of the world.
- 1:36:42You made it. You made it.
- 1:36:45So just keep moving forward, be prepared that things are going
- 1:36:48to get rocky, but you'll get through it.
- 1:36:51Thank you, Tony. Thanks.
- 1:36:52So great to have you back on. Can't wait for our next.
- 1:36:54One same here when I moved to Scottsdale.
- 1:36:56Yes, when you move to Scottsdale, we'll have to do one
- 1:36:58out in California. Yeah, for sure.
- 1:37:00But at the beach. Yeah.
- 1:37:02Love you guys. Thank you.
- 1:37:03Catch you on the next one.