An Honest Conversation with MeetKevin (What Happened)

it has been 2 years yes and so we had a bit of a falling out over those two years true so I've seen a lot of speculation online most people got it wrong the only thing I can do now is look and say my personality is aggressive paint it I actually bought a plan oh there's Mr unrelatable there's Mr Jad is it expensive to you know have all these kids I would guess each child's probably 100 to 200k somewhere that range a year do you want the best motivation syn yourself up to your eyeballs in debt and then you have we need to sue CNN right now and it is unamerican if they stop me from doing that so we sued the crap out of them how much was it what is your net worth I don't know if I had to guess it's probably around meet Kevin thank you so much for coming back on the ice coffee hour it has been years the first question did you take your private jet here I absolutely did uh thank you so much for inviting me back first of all it's so weird when I walk in here I think one of the first things you said was H according to my records you haven't been in this property since August of 21 that was true but you know what back then we were doing the Vlog Channel and so once a week we would Vlog everything so it's really easy for me to look back at any point from 2021 to 2022 and we have a vlog of it if it happened during the week we filmed it but it has been two years yes and so we had a bit of a falling out over those two years so we never addressed it so I thought it would be interesting we talk about what happened and just you know move past it I think that's a great idea I've seen a lot of speculation online people have been saying it's one thing it's another thing most people got it wrong and I have I had no idea what we were going to talk about when I came here so this is like we have a big outline is really exciting because I'm like all right bring it on but okay let's hear it do you want me to start or you start I'll start I'll start from my perspective uh I think this happened about a month before the boxing match we were sitting around at sushi and we were trying to convince you to come to Florida for the boxing match okay and I remember Lauren your wife she was saying Kevin another trip you got the kids I don't know about it and I remember putting my neck out there and saying something oh Lauren but it's but you know it's for me yeah it's my big thing I've trained a lot for this I'd love for Kevin to be there and she looked and okay okay yeah you could go and I was so excited for that and I remember he got there early and I think you were collabing with a few other people in Florida I'm like wow wow got there early that's cool and I remember seeing your videos as you out there and the night before the fight we had this YouTube event that was like you know everyone was together you came and I was a little disappointed that you left pretty quickly it seemed like you just wanted to go in there like you know I show I show my face bowling no it was at a hotel like all the fighters were there it was like all the YouTube people were there yes I remember that you're right oh and they had um they had the the punch thing dude I I suck at that yeah that was it that was it so that was the event and that was like the pre-fight like party or whatever that started at like 7 went to like 10: and I think you came around like 8:30 give or take and I I I'm pretty sure you only stayed there for like 30 minutes or something like that and left and when you left you were trying to gather a crowd together to go and do something else and I couldn't go to that because I had to go to bed early and I had the fight yeah so I couldn't partake in any of that so I would have loved to have but you know I got it I was a little disappointed that you left after like 30 minutes but you know whatever uh the next day you didn't show up to the fight and that for me was the big one and I think had I just gotten a text yeah just just anything afterwards like hey couldn't make it or hey something came up I'm unable to make it or even something like the next morning like hey how'd it go blah blah just just something yep and I didn't get a text and that for me was a bit like the camel that broke the straws back because there have been a few other things prior to that that just weren't big things but like little tiny I would Jabs that I felt like you would sometimes make throughout your videos because I'd watch every single video that you'd post okay and sometimes I'd hear a comment from you I'm like ah it feels directed towards me so I felt like this had been building up but then not getting a just a text afterwards was really hurtful for me yeah and the night before as far as I'm aware you were with someone else getting steak steak steak okay yeah so that's and so so for me it felt like you just kind of ditched my fight to go and hang out with someone trying to remember that okay okay all right so um wow well first of all um thank you for sharing all I had no idea uh now I obviously uh I knew that I effed up uh i' never heard your side so I think it's so wonderful that you put it out there thank you for that uh there's a lot to unpackage there and I think it's just best to be transparent about it all so um wow um I think the way to start is uh I fed up and I'm really sorry for that uh that's it's totally my fault I remember in fact you uh offered uh to get me free tickets to the event and I actually uh didn't take you up on those tickets I know because I bought VIP tickets and they were like they were expensive few thousand they were a few ,000 so um there's there's I I me address this the easier one first which is the the commentary on YouTube I think probably YouTube is such a competitive space and finance is so small and everybody hits the same topics often that it's possible but I don't think that's probably I I don't I don't think in myself that's that there was really anything that was designed to be like oh let's let's target Graham here it's possible I can't remember but um that's certainly not an intention what I think is more important though is what happened at the fight so in 2022 uh I don't know what it was it was coming off of like the the covid era the 2020 21 like everyone's locked down and I had this like feeling of oh I need to go like clubbing uh and and going out partying or whatever it was really stupid you know because I have two kids dad and so because I met Lauren when I was 16 and we were never we we really never kind of like went partying or had fun or whatever I think I was in this mindset of like oh I got to go to Florida and got to go party and that was really stupid because it also got me in trouble but in my opinion I look back at that moment and I'm like that was a life-changing moment for me because it sort of made me it put this separator between you need to go out there and like have fun with the guys like you had mentioned like oh yeah Kevin's going to go with the guys this is true you're you're absolutely right about what you said because that was like all right cool yeah we you know I'm excited for the fight tomorrow but we also want to go have fun right go downtown or wherever I think this was was it Tampa or St Pete or something like that Tampa Tampa okay yeah yeah yeah but but there's there are plenty of places over there yeah so um unfortunately uh that became sort of this this point in my life where I had to realize wait a minute like I'm a dad I can't be a dumbass I can't I can't think that like oh I need to go out there and like live that that 20s lifestyle that you never had uh because a I have a family to be responsible for B I have to be responsible for everyone else in the community and see I also have to preserve and promote the relationships that I have which in doing that I screwed up your relationship because now what happened was I go oh my gosh I've got you know first of all you're right the night before it was I had stake with Ben Mala because we were doing uh some real estate videos or whatever and we had a collab plan but the collab was planned uh for the morning that I was no longer available to do the collab so it was do the collab later uh and be stuck in Clear Water far away from the fight or lose the opportunity to do the collab at all so you're 100% right I should have communicated but look it long long and short of it um I screwed up and so what you've described what you've described about YouTube I I I want to like look back at that because I think it's worth addressing that uh but that the timing of how that all played out was horrible and miserable and it was a GameChanger of my life because now I I feel like I don't do anything that's knuckleheaded anymore now I'm just like well first of all you know when when summer almost died that was sort of another realization of like oh my gosh like look how fragile life is right and so the last two years 22 to 24 has been so transformative because that moment uh you know going from like the co High on YouTube to then the FTX you know nonsense which is frustrating uh then that moment like you're kind of going from like this high and like oh there's this unsto ability to no you're human you can make mistakes you shouldn't be a dumb you should focus on people and relationships and not on like trying to have a good time so uh today I I I really feel like a different person than I was back then but I definitely screwed up like even if I could even if I you know right when I got out I sent you a text like here's the predicament that's all I needed and I and and I knew that you didn't go in favor of doing a collab or doing business and and I felt like you put the YouTube channel in doing a collab over our friendship and then it made me question our friendship and me thinking do are we actually friends or do you only hang out because you feel like you could benefit in some way yeah whether that be information because every time we get together we talk business in YouTube every single time and I love talking about that what I would talk about regardless but then I question is he actually hanging out with me because of that or is it because I have something to offer and then I went back to other times where I felt like you've put connections above what I thought was our friendship and there's been a few times in the past where you've you've canceled something that we've had planned and then you do something else instead with someone who maybe might have a little more status or maybe a little more clout or something like that I I I don't know I'd have to think like look at those individual scenarios but I don't think that that was the case at all I look at going to North Carolina with you or going to DC with you I mean there there are so many videos and times we've been together where we barely made any content uh in fact uh I I almost go out of my way not to try to post when I'm with you like it's like you know if I go to an event of yours or whatever I'm almost trying not to post on social to make it seem like oh I'm trying to like Leverage your audience or whatever that's that has never been my goal and it's especially not my goal I would say it's less of like the YouTube content more so the information of like hey man here's what I've noticed it's like working really well or here's what I'm doing and then but everybody does that everybody shares right I mean I do the same thing too with you guys I think it's like hey here's what I'm finding works and you know whether it's in the studio or or uh content or or you know uh Partnerships or whatever I think I think everybody's kind of been somewhat of a partner in that but you know what while we're on this topic of Partners let's do some quick math here because the less money your business spends the more more money you get to keep and even though this might seem obvious with the rising cost of materials employees distribution and borrowing 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that is nets.com IED nets.com IED thank you so much netw for sponsoring this episode and back to the podcast I I think there were a lot of May that that then looked like oh that's for sure you know the impression I'll give that one example without going into the weeds too much because I mean I think it just clouds things but like there was a night you told me you had a date night with Lauren okay and we couldn't do what we had planned together and then I saw you on a live stream with Ross Gerber that night really yeah see I don't remember this yeah that's that sucks so but it's you know that's just an example that popped into my mind so it's like when when it starts stacking that up then I'm thinking well that's interesting you know and if I just got something like hey this event came up or this this came up with Ross it's like I'd be a dumb ass to turn it down I got to do it of course then I get it like I I understand that sort of stuff but it just felt like then it became a game of like like this person offers more to me in this moment so like I'm going to go with this if you just tell me it's like then I get it and it's I don't know I wish I wish I had more of a memory of this because I think what you're describing is is 100% uh reasonable and fair because if those are exactly the things that happened that looks like I'm a scumbag in an and I deserve you putting me on the spot with that information so uh the only thing I can say is uh that's not me anymore uh that's not to say that you know we have to like go collab and do things together or whatever it's not that at all it's uh I I've understood that hey there's I messed up and I'm willing to take responsibility for that uh and yeah that's that's probably where I would leave it okay yeah so I'm sorry yeah I think for me getting married it's really just about letting the bygones be bygones and move past it and I I felt I want to say I held a bit of a Grudge or just bit of upsetness or something on my shoulders that I just didn't feel good about and just moving on from that I think has given me a lot of peace I think it's really important and it's it's hard because in in social media I think we have so much pressure from okay here's here are jobs and we're you know technically collaborators but also competitors in a space and I think you're right things can can come across a certain way whether they're intended that way or not I think it's almost like we have to go A Step Beyond um to make sure that how should I phrase it like it's almost like going forward you have to be so careful not uh to even imply that there's any kind of animosity and at least for my POV right so like now I I started on YouTube making exposed videos you know it's like gr Cardone exposed it's like we we made a gr own masks and like he put like a bag over my head or whatever like all the crazy old videos right I came from that environment of I got to expose I got to find like the faults in people and uh and it was always like whether it was Grant Cardone or other older popular Finance figures um that was never that with you I I can't defend myself over over the fight night that that 100% I know I effed up I don't I don't think like the the Ross one really bothers me because I don't know I don't remember that I don't I don't think that would happen because it's also like I obviously know you're going to be able to see the live stream right like it's just it's just all of those things in the past had kind of like stacked of course and then the fight night was really the event Catalyst just the thing that kind of broke it but I think I think you're right I think um that if that uh and the fight night you're right but I mean look the the only thing I can do now is look and say uh I'm sorry that's it apology accepted what makes me sad is I worry that you think that uh and and and you probably do when I understand it the way you've described it here is that you think that my character is one of hey I'm going to like spatula you over to to take a better opportunity or whatever uh and that makes me sad and and I'm regretful for that I I wish I could uh argue everything with all the details but I can't all could do as I sorry apology accepted so I will say from a third party that people would argue I am partial I'm trying to be as objective as possible over the course of like living with Graham and then you know maybe a year or so however long I lived at that other place while you guys were still talking a lot um what I would observe is it seemed as though in private you and Graham had a decent relationship but then publicly the main thing that I guess was a little offputting to me was like you would cuz you you make so much cont and a lot of the even if it was just like a 10c SL or a 15c SL that wasn't directly like you wouldn't say his name but it' be like I could just be sitting here and tell you to buy index funds and cash in a check and then do this oh but I joke about that all the time in fairness that's that's like that is definitely not a you thing I will say that right now like that's so my personality is aggressive it's it's like um a little bit like Ben mesque right where I'm just going to like I say all the time and I make so much freaking content you know what maybe what you're saying is exactly right and I don't even remember because it it's like every time you were posting like six videos a day I I don't blame you for not remembering my personality so and and what's I wish I had known at the time uh like while that was happening Hey Kevin you know is this directed at me or whatever right because then I could have probably been more aware and like oh sh that's not what it's supposed to or whatever right because I think you know I'm not afraid to like call people out online now I've stepped back a lot from that one of the reasons I stepped back so heavily was because of 22 and and what happened with Summer my baby girl uh but that doesn't mean I'm still not the personality type that I am which is when people first meet me they want to punch me in the face uh I'm annoying I'm loud I'm obnoxious then uh it's not until they sort of get to know me they're like okay wait a minute Kevin's kind of like a fun guy we can have fun we can learn we can Prosper together or whatever uh at least I hope people think that knun would but yeah uh I definitely am a lot more loud and obnoxious and very likely to offend so I think I think what's happened is you've you've described very much a a relationship where over time you've been offended by my rankor so to speak my craziness and it's it's likely you're likely right you know like hey yeah I'm just blasting everything that's different and in doing so I ruined our relationship and I apologize for that and there's there's nothing I can do or say to say that what you felt then is wrong what you felt then is probably 100% right I wish at the time I knew about it but honestly my again this this the personality of what I am is I'm just always screaming always yelling about you know stocks or Biden like the second after Biden had his debate I'm I'm like man I'm supposed to be Mr neutral oh well I'm live and there are 70,000 people Biden needs to step down this guy is bad for America and I'm like dude I I make it majorly cancelled for doing this because I'm always like Mr neutral and now here I am like on the spot impulsively like no this is this guy needs to step down he's demented scile old man uh talking about me again I was good that was good you are older than me there you go I'm sorry I'm I I do think like I I get in way too many fights you know I I cause more problems than I probably should in my life uh a lot of people are going to hate me for that I don't care every day I try to do my best I try to provide value I try to provide in you know insights uh and uh I put my neck out there I don't just tell people to buy index good no no no but but that's me okay so like look I I I am so sorry and but I'm so grateful uh that you're bringing this to me because I don't realize the people that I offend because I just I don't take the time to think about it because I'm like oh next video yeah I could have done I could have done a better job too bringing this up a lot earlier a lot a lot of the time I just let it slide and I think it's not it's not that big of a deal and I'm like is it worth the effort no Lauren does the same thing thing yeah so like maybe I'm I'm like saying something that's bugging her for and she'll she'll hold on to it for like a week and then all of a sudden like I'll say one thing and then she just explodes and we'll have a fight and I'm like how did that one thing cause that explosion and and it's not until we talk about it which obviously as as husband and wife we talk more than we talked right then I'll be like oh it was it was building she has this analogy of the cup uh so she'll say like you know it wasn't it wasn't that one thing was like dumped a bucket on this cup and pissed me off and then we had a fight it was that you did this and then this and then this and then this and this this this this and then all of a sudden it finally spilled over and I think that that spillover moment was that that fight y uh the fight night uh but there were there were more cup fills over time and we had never emptied that cup corre we never had this heart-to-heart discussion of like oh I'm I'm pissing you off you know like or vice versa I I don't know it would probably mean more than you oh my God sorry that was close there go um see it's spilled over you know this is just it's yeah I I um yeah and I know that I found that about myself I've uh I'm not I'm not a perfect person I definitely screw up a lot and so this is really insightful it's a little embarrassing on camera but I think it's good I've never gone to a therapist and this feels like therapy once ever once have you ever considered it no but that's probably why I'm broken because I don't even I nobody checks what goes on up there well it's it's good to discuss this and I'm happy for my buddy Graham I'm happy for you too to hopefully be able to yeah sort all of this the the reality is uh I'm okay people knowing that I screw up I'm I'm okay with that because I'm not perfect I just I I constantly am trying to I make mistakes I get set back and the goal is can can we can can we build from here can we learn from there and build from here yeah and this is this is a learning experience like so I'm 32 you this is all so valuable like I still want to make YouTube videos in 10 years uh in 10 years nobody's going to remember oh you know Kevin had a therapy session with Graham and Jack right but but it will change me because it has an impact and I should have done better to bring this up way earlier and I didn't do that so I take responsibility for that thank you I appreciate it thank you okay okay so podcast now the podcast thank you guys so much for watching until next time we got them boys back it up so yeah Kevin why is it do you think that Finance content is looked on so negatively down well I mean because stocks went down but they're at alltime highs now well but but they went down right so yes stocks are at all- time now uh it's I call it the Nike Swoosh recovery but but it's tough because you know people don't remember like for example people leave comments like but what about pelaton Kevin and I bought pelaton like 80 and like 40 and like 50 and 100 and 120 and I sold it all at 113 but people didn't necessarily see the video of I'm selling and so then other people kept holding on to pelaton Forever and now they look and it's like that's $4 now or whatever and and so then I'm the face of that because I made that initial video talking about pelaton I had no idea they were going to go to $4 I just know I sold AT3 that's what makes it so difficult is because you could make a video and say hey this is what I did with my money here's where it is and no one watches that followup no they'll see the one video they just want to see what you're buying they don't really care so much what you're selling exactly and even if the even if the selling video gets more views that initial audience is very unlikely to between the two so what I did in 2022 which I I see 2022 and three mostly two as like really like hardcore like bottoms for me right like the stock market's at the bottom I don't have uh you know my startups going I don't really have any it's like oh man this sucks right like this is like from high to low this is terrible so what I decided to do is I said okay I'm going to launch an ETF so I launched an ET F that's publicly traded so now people can always look and go what's the performance because my thought was I never want to be in that place again where somebody's like oh well you said this that or whatever it's like go look it's 100% public so it's there's a 100% public transparent ETF and that's what I just put my personal money into when I need when I want to buy Personal stocks that's what I'm doing that doesn't mean I'm not going to trade but trading is I have like a trading account where I just mess around with options because it's fun but that's like you know you're bored in the office and you want a dopamine hit you right like long the one issue I will say with that because I've been so careful never to talk about like individual stocks to that degree is that when people see you buying in your I believe it's a Weeble account right is that the and they see like $2 million in the account and they see you buying like a hundred grand into a stock for some people that is like their entire net worth and they see you putting 100 Grand and they and they don't see it in context where that 100 grand for you if it goes to zero it doesn't matter it's it's like someone putting a grand in a stock and just like oh just see what happens so I think people sometimes see those numbers and they see wow he just made 50 Grand on this play of whatever it is a call option on let's say Tesla he put 100 Grand in that and made 50 really quickly I think people see that it screws in their mind and thinking oh man if you put a 100 in I'm going to put you know half of my net worth in this and it it screws the perception it it's different for you know so what what I'm trying to do with with my trading is I'm trying to find a strategy that in the long term because day trading isn't sustainable for what the longterm goal is the long-term goal is to try to create like a bill acman style hedge fund and all of what I'm do the whole purpose of my training account is to be like my my uh Battleground for testing different strategies and then I want to be able to prove that uh and then hopefully mostly probably through swing trading hopefully uh create a hedge fund that's that's profitable that's sort of like another in the future plan uh but you're right people can take a perception that oh I should be doing this or whatever that's why I think it's important that people first of all look at their portfolio and go okay I'm only going to trade while I'm what I'm willing to lose it should be a small percentage of your your overall net worth uh and a lot of people would probably benefit a lot from having a financial adviser in their life I am a financial adviser but but I don't do Financial advice so I I don't I don't have any clients don't call me I'm not going to give you Financial advice you call somebody else but uh I I don't think trading is for everybody I don't think swing trading is for everybody I don't think hedge funds are for everybody but for me I'm always looking at what where do I want to be in 10 years and so my goal in 10 years is publicly traded ETF my broker dealer that we're launching at the end of the year my real estate startup house hack and uh and and then in the longer term a hedge fund that can trade around some of the other things that we're doing so uh those are my long run Visions while also providing content on YouTube and so everything that I do is is focus towards those missions and it's really tough because you get a lot of hate online when you go from like a high to a low but these companies that we're building I hope this is otherwise I could would just retire but my hope is that their call options like a multi-billion doll businesses in the future I think we can you know be 10 times the size of Open Door they're $ 1.5 billion company if those knuckleheads can do it I think I can do it that's just with the real estate company I think we could do the same thing with our broker dealer and compete with companies like with Robin Hood with new products so those are those are my long run goals and so I've come to this point where I'm in you know 22 23 and we're we're really just in that launching phase of all of these companies and you're right people look in from the outside they're like you're crazy why would you buy a plane why would you do that why would you that it's all for one Mission they they all all align the broker dealer helps house hack the hedge fund actually helps house hack all all of it is like one ler what what's the end goal well there really isn't like a goalpost um what I found that is the only thing that works for me is uh both success and failure so I have to go through that roller coaster all the time and it's really bad it's probably like a drug addiction I don't take any drugs uh but um it's probably it's probably very bad and very stressful probably have a lot of gray hair soon uh but for me it's not about a number it's not like oh if I hit you know 200 million or 300 million that's it I want to retire there it's about I can build a company where imagine this and this is already to some extent happening house hack's a $100 million company okay so somebody who starts working for me work at $15 an hour editing Tik toks now makes over $200,000 a year okay that that person if they get 1% Equity let's say they're a millionaire that that's like life-changing to me to be able to give that to other people or to enable that opportunity that doesn't mean they're not I'm like giving it to them they earned it right let's be clear about that but if if it I think that if it weren't for me trying and failing and trying and failing and creating the opportunities it wouldn't be possible so then it always hurts me you know like for example right now we're we're open to hiring another intern or even a bar license attorney somebody who's newer somebody who can train whatever jobs at me k. uh but the the goal is you know I should say what hurts me is when people will write comments like oh my gosh how could you how could you pay an intern $16 an hour minimum wage why don't you pay them with their Worth or whatever it's like we train you and then you get you know you might get underpaid at first but then you're you get overpaid is the goal in the long run and so I always the those comments and the hate on social media just like they're like stabs in the gut every day and it's really hard and the only way I can get through the intensity of social media is by knowing that we're actually building things that we think are really really valuable I tend to think it's a bit of the economy right now is in such a k-shaped recovery where some people are doing really well and other people are not that's a good point and thought about that that there's a lot of resentment that's built up because of it's just inflation and stocks are at alltime highs and for the people that aren't already invested in it I mean think about yeah if you haven't bought a house already scre if you haven't already bought stocks and you have to pay groceries that are insanely more expensive I mean it just it makes sense that there would be a lot of um a lot of people that are upset 100% I think it's almost impossible for somebody who doesn't already own real estate to buy real estate and then what happens is if you you have to make a substantially larger income to actually be able to qualify and if you can get on the ride great but I think in 10 years where renter Nation because I think what'll actually happen is I think interest rates will go from 7% mortgages to under 2% uh people think I'm crazy for saying that but I believe it so everything I'm building is with this expectation that rates are actually probably going to go under but what if they what if they don't it's okay so we'll still be owners right so things can remain stable we're buying you know with house stack we're buying real estate cash so it doesn't matter we could still make money by buying good deals fix uppers fixing them up whatever but if rates do go that low it's just a Tailwind but it's a Tailwind to us not to people who want to buy because people think oh okay well R if rates are at 2% I can afford to buy well then the house will be twice as expensive so we'll probably go into a renter Nation uh so you know today the vast majority of homes are bought by homeowners you know this you've done videos on this 80 you do great videos on this 80% of homes are bought by I think you actually did a counter video to the whole institutions are buying all the real estate I did yeah that Fox News canceled me yeah yeah exactly yeah that was yeah you're look it's like 80% of of uh home buyers are Mom and Pop and then it's like the next 10% is also mom and pop Real Estate Investors that own one or two to nine units yeah such a small percentage that that buy thousands right but I think in the future it'll flip it'll be mostly real estate will just be owned by corporations some of you guys may know I've been navigating the dating scene for quite some time now and while I do enjoy the traditional dating apps I realized for me to get what I'm actually looking for I needed to look somewhere else I wanted something different something that fits with my busy lifestyle a platform that actually has the person that I'm looking for 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there's any chemistry because you don't want to meet up in person and realize within 30 seconds you're not going to enjoy the next 2 hours of the date and what I find really impressive is just the community it's a 50/50 ratio of women to men which is absolutely unheard of in dating apps you'll find doctors lawyers creatives people who are just really driven and want the same things that you want honestly I'm just excited to keep diving into the league their match rate is higher and on top of that they have people that are looking for serious and meaningful connections so if you're ready to upgrade your dating life give the league a try download it on iOS or Android and if you want to jump to the front of the waiting list just message # to your inapp concierge thanks so much to the league for sponsoring this episode and back to the podcast what's your logic behind interest rates getting so low 40 Years of Def inflation will continue the only reason we had inflation at all over the last 40 years is because we print money it's one of the reasons I think crypto won't won't make it as as like a government asset why do you think we're going to flip and deflation is going to start happening deflation has already been happening for the last 40 years the only reason we don't see it is because they print they print more than the deflation we have so if we have 4% deflation every year in the 90s let's say or the 2000s we're printing say you know 8% and now it looks like we have 4% inflation right that won't stop now this is a beginner question because I'm somewhat of a beginner but how have prices continued Rising if we were a deflationary like currency before we started printing money and causing like a net inflation um if I remember if I'm understanding your question correctly you're asking why why are things still getting more expensive right now I mean they're really not if you look at TVs for example when I bought my first TV it was a 40in TV for $2,000 now I can get that for1 that's like the one example no but it's anything it's phones it's computers I think I think groceries would be one like the cost of food is going up the cost of utilities are going it go up it's now going down but it already went up like 30% it went down a few percent no no no but but what we're what you're referring to is um the inflation of covid right the the we have a we have a crisis oh my gosh we want to avoid a recession so we're going to print $9 trillion or whatever which they don't actually print it it's just digital PR it doesn't matter it's stupid like the amount of money that was printed was absolutely seen Le of stupid the the government made a massive mistake and so did the Federal Reserve but I'm I'm ignoring the period of covid and what I'm doing is I'm Going Back 40 years and saying uh Innovation is deflation yeah this this uh you know what we can do with artificial intelligence will remove jobs from the workforces which will reduce the need for having as many workers which will put downward pressure on wages it's actually very bad for for people who want to work um downward pressure on on everything from cameras to phones computers to cars I mean you look at now you can buy you know a model uh y Tesla for like what $39,000 they just had that 1.99% offer and and you know okay call it $47,000 or whatever with taxes and after the credit but you throw full self driving on so you now have a $47,000 car that essentially completely drives itself that's insane if it like if somebody came to me 20 years ago you let's assuming I had money and I wasn't you know 12 20 10 years 20 years ago and said oh you can have a self-driving car it'll cost you $500,000 it probably would have been a good deal now you can get this Soul sing driving car for $47,000 it's accessible and it's going to get even cheaper and cheaper and cheaper that makes sense so when I think of it in terms of like access to more basic technology like a toaster was like a luxury God knows how long ago like aund years ago people didn't have TVs we have access to all of these things and what is that just because the costs have gone down relative to the wage of course I mean looking you know you can get a toaster now for like probably $9.99 on Amazon or on teu jeez Lord you know see a lot of people are so worried about de globalization oh everybody's going to manufacture in their own countries now because of covid and the supply chain problems and stuff it's we're gonna we're going to it's going to get so cheap to manufacture stuff in China prices are going to plummet so rapidly I'm convinced of it now a lot of people won't be now because that's an unpopular thing to say and that's that's what my channel is all about is like I'm like the king of unpopular things to say and pissing people off I'm sorry I'm still sorry that's fine uh I realize that's very unpopular because the pain is true prices are 30% higher than they were pre-co right now groceries are more expensive going on a vacation a trip a hotel everything is more expensive I used to say put aside $200 a month for a house for repairs honestly it should be $300 now because everything has gotten more expensive this is true but the trajectory is down that's interesting when you uh scope out when you zoom out but long term a lot of people say they have to inflate for the national debt they just got to keep lowering interest rates printing more money they don't have any other option other than to keep printing money to keep the economy at the top our uh deficit uh will destroy the economy the day we stop innovating as long as we continue to innovate the debt doesn't matter at all it matters zero because our our $24 trillion economy after when AI actually like gets its Groove in and actually creates money give it 10 years right our $24 trillion economy will be laughable because we'll be at A1 trillion do economy and then we'll look back and we'll go oh but we've got 25 trillion debt so now we have a quarter what and then what if the population declines so it's a richer population so uh unfortunate that's it's unfortunate to say that because there is population decline uh but see people say that about California like okay well what if the population declines in California that's fine what happens in California is uh and this is just the reality of macro this is not to try to be like PC or sensitive this is why people get mad at me whatever I'm over I'm so over it dude uh I've chilled out so much after summer like almost losing a child has just turned me into like you seem like a different person because I watched all three of our podcasts to like bring me up to date actually Four podcast I watch wow you seem like a different person today I've kind of L way more mellow oh I've mellowed a lot I still like yell at people in the comments but it's like I think the fear of failure is like totally gone and to some extent it's kind of like it almost feels like it put like a candle out inside of me I still have a fire in there but like some candles have been put out and now it's just about like I just I wanted try to just provide information that I think is just going to be the best for people and if I can see people succeed it makes me happy uh and that it was it was 22 and these babies those those changed me but anyway so as far as um oh we were on the topic of um population California said poor people yeah poor people are going to get squeezed out see people are going to go where the jobs are which is going to be uh San Diego Los Angeles you know to some extent like your Austin Texas or whatever uh people aren't going to go to rural NAA Idaho I was just there actually people aren't going to go to NAA Idaho because they want to build wealth they're going to go there to escape how expensive things have gotten that's called the concentration of poverty so people move from high cost of living areas to poor cost of living areas and what happens is they get stuck in a rat trap so now you're there you can never leave so the worst thing to do in someone's life is to move to a lowcost living area if somebody wanted to get out of a low cost of living lifestyle they have to move to a high cost of living area that means they have to sleep on a bed they have to rent a room favorite example the electrician the electrician in chilo Ohio he's going to charge me 15 bucks per outlet and if he charges any more than that he's going to get shot the market won't pay any won't pay any more for that you go to San Francisco to change an outlet people pay 120 bucks an outlet for the same work but it's because people have the money there and they don't have the time to do that so you can provide more services and make more money there point is population decline to some extent Works in capitalism when unfortunately poor people leave and the GDP of the area actually ironically goes up because the median income is going up so you're actually creating a more prosperous area with fewer people uh because everybody else is leaving that's sad I'm not saying that's utilitarian right like in in a Utopia everybody should be able to live in Coastline SoCal real estate with the best weather in the world and have have enough food to eat and not have to struggle to pay the bills but I grew up in that household of struggling to pay the bills of our car getting repossessed I grew up at the bottom and and I started at the bottom saw my dad make money then lose it all to basically bankruptcy and foreclosure and then it was on me so and I never like I'm I'm so like afraid of that hole that I feel like that's why I have to keep building but I've also resigned to like if I fail I fail yeah it seems like that's off topic that would be something to go to therapy over you're probably right it's that it's just that mindset of being down at nothing because I have the exact same thing tell me about con I'm constantly paranoid I'm gonna have to start over with zero like that's always what's going on with Jack I'm like but but Jack you don't understand because if you have like this like I've mapped out everything in my mind where like the worst case scenarios could happen the market drops by like 80% never recovers I have multiple children a few of them have health conditions they need like care this happens this like everything has to happen at one oh and then also a um like an 8.0 earthquake in California wipes out the rental properties there uh demand completely evaporates like everything has to happen at once for this but I'm like there's a chance and if I could prevent that chance provide some sort of you know Assurance for that then I'm good yeah but no matter how much I have I'm always going to think let's plan for the worst yeah there's always that fear of loss uh and that's always what's inspired me to to like keep building and work that fear of that but then what's weird over the last couple years I've almost become more like just also resigned to like whatever's meant to be is meant to be so I'm just going to keep putting one foot in front of the other and if it's meant to be it'll happen yeah but yeah it's it is really weird because um you know it's it's one of the reasons also I bought the plane I'm like I can't do these businesses and and have a family without being able to fly so just the other I got to post a video on this but I I tried uh jsx just for yeah I tried I love JS see I hated it why I I was so bitter and frustrated the whole time because uh you know my flight first of all uh I had to wait for like my event was over at 6 and no it was over at 5:30 if I had you know I know this is unrelatable but uh if I had gone from the event to my plane we would have been in the air at 6:15 I would have landed around 7:05 I would have been home before 7:30 all the kids still awake uh instead I'm like I want to try jsx just to see what it's like first of all the ticket was like twice the cost of a Southwest ticket uh for a similar takeoff I'm like okay so this is going to be like a better experience or whatever so it's an 8:00 so I have to wait you know two hours okay whatever that's fine so I wait two hours the the little area that you wait in they have a coffee machine but like nothing else if you go to an airport if I'm flying solo I can get through TSA fast you get TSA pre-check it's fast it's pretty easy right you got a backpack you fly through you're you're in the terminal pretty fast so now I'm in a terminal where they have like restaurants magazine stands snacks and bars all of that awful to me I don't know see I yeah I enjoy that like I it's like I it's like I get to they overcharge because I look at the Starbucks there and I'm like it's 8 for a cof you just pay twice as much for a ticket at jsx no it depends if jsx is often the same price Southwest if you're fle if you're flexible like for me I'll plan my trips around where I could get the least expensive ticket so like I'll leave on this day at this time because the ticket will save me few hundred bucks right fair so for my example at least in my scenario it was twice as expensive but I thought okay it should be a more exclusive experience then it's late like an hour and so I'm sitting there it's delay delay delay I'm like this sucks we finally get out I don't get to my airport I get to Burbank which is now an hour Uber away so I get in a random Uber uh no it was a lift and the guy's like how much you paying for this like I don't know it's like it says like 120 bucks or whatever for the the Uber and he's like cancel it pay me directly and I'm like okay if I don't do this this guy's going to kill me and so like okay okay no problem so I venmo him and I'm like man I wish I had a gun uh so I feel like so scared and so I Veno him directly and he's like good now we get gas and he takes me to like some janky gas station it fills up and I'm like oh my God this is the end of me so like I had a really bad experience maybe that's not fair for jsx probably not usual but my point is like if I'm going to fly commercial I don't know for me that jsx was worth the extra because it's the same airport it's almost the same experience except I'm getting less where I'd have more choices in a regular sort of airport and terminal situation and maybe less Shady Uber drivers afterwards cuz it's not at the Shady terminal I'm leaving at them obvious viously uh you know it's easy to say oh just have your own playe but like I just never want to fly again without my own plane like I would rather just not fly it's funny we talked to Papa John and we asked him if you would ever give up his jet and he said he would give up everything else in his life except for his plane exactly it's so I mean think about this you know I I leave my house it's like a 20-minute drive to the airport it's a 45-minute flight here and it's 20 minutes from the airport to here here so my door too is nomenal uh now sometimes you go into certain airports they can delay you that's okay that's going to happen no matter what anyway you know they call it flow or whatever in in aviation but I get there and it's like I don't have to wait in line for a rental car somebody walks up with a big smile on the clipboard here's your car key sir sign here boom you're go you're like the experiences is it makes travel fun and so I don't mind traveling at all and the only way I would choose not to be retired and to actually like do my real estate business where we're flying around for Real Estate the only way I would do it is with that plane because otherwise I would never see my family there's no way I could fly here at 2:00 and fly back at you know 7 or 8 uh and do that same day on my schedule and still have time for my family or Lauren beginning of the day to work or whatever uh there's no way I could do that without a plane I can't go to smaller airports I can't uh you know have cars right for me so so we can do our work or whatever and then take the passengers that I need to without it what do you think is something that people don't recognize about you that's positive that you wish they would I care a lot about people and so it really hurts me when when other people feel that I've offended them uh much like your situation I feel the same way about Laur and I feel the same way about kids I think kids are something that they're so important they're so precious and I I try so hard to uh make sure they they all love me uh like you know take him on individual trips but there's one of our daughters her name is Claire she's always has an angry face she's always got the sus face and I'm like she does it to everybody but it still hurts me because I'm like oh my gosh what if she doesn't like me and I don't know that that comes through in my content because I'm just loud and obnoxious and it seems like oh there's Mr unrelatable there's Mr jet he's jetting around he's trading all these call options he's doing this or whatever he's all over the place it's all laser focused on what can we do to help people and I I I I don't I don't know how else to convey it other than say that but I don't think that comes through probably because my personality is just way too annoying for that and what do you think is a fair criticism of yourself well um probably the that exact problem that uh I you know I'm I I can I'm kind of like the little like flame and like Mario where I'm just like running around and stuff's just kind of getting burned and like damage is getting caused and stuff and it's like no no no trust the process man you getting burned is part of the greater good it's like no Kevin it doesn't work that way do you think you could beat the market well um I think in the long term a a portfolio of maybe 20 to 30 stocks can can outperform the market if they are chosen well uh over the long term uh so I do I think I think my ETF pee my peepe we always like to say don't like I tell my my son I'm like why would you want a short pee peee you know uh so um uh I I think it will uh maybe I'm delusional uh but but I think it will uh over the long run uh up from the market so yeah I do again maybe that's delusional I think uh other people should make their own ETFs too everybody should make their own I made mine mostly because of the tax benefits of it but yeah I think it's absolutely possible uh it's also why I want to create a hedge fund because there are so many swing trade opportunities that I think can can way outperform but now don't you feel worried about managing other people's money to that degree cuz you could do this yourself abut I mean the ETF would be expensive and I know you get tax advantages from that but you could just manage your own money and not take on anyone else's well I I think uh I think there are individuals who say you know what I I have faith in what Kevin sees and Kevin realizes if he makes a mistake he's going to learn from it and he's going to try to do better uh and if he does well great then it works so uh yeah I mean I I I don't encourage people to copy me I don't encourage people to invest in my stuff like if you want to invest in what what we whatever we're doing that's fine but uh ultimately I think everybody's kind of look got to look at their own situation themselves and figure that out for themselves do you think your viewers can be the market well uh it depends what what they're doing with their own personal portfolios like I think I think it's very hard to beat the market if everyone's sort of like YOLO day trading mostly because what I found and I just I I didn't know this but I learned this recently is once you get to a certain size uh of where you're trading options you get screwed on day trades because you'll put an order in and the options Market will just destroy you before you can even realize your profit like you could have done the perfect day trade but then by the time your position is closed it it doesn't work anymore so I found that most hedge funds because of that they're going out9 months to six months and they're swing trading or sorry 90 days to six months and they're swing trading and so I I I had to learn that the hard way now this kind of a nuanced question so we'll just be really brief over it but why don't you sell covered calls against your positions to just make a little bit more money even if they're really conservative ones do you remember when you asked Kevin about this question about why he doesn't sell covered calls for his Tesla stock that was another we did that on another podcast yeah and I think you I think it hit the price though that it would have triggered your call and you would have sold and incurred the tax liability well so we'll be fair about this in both ways if he had sold from beginning to end it could have been if if I had sold calls when you asked me the first time I would have missed that crazy Tesla runup but In fairness from then it went down for two and a half years it would have been perfect to sell calls during that two and a half years uh it would have been a great strategy because you could have just kept farming income so I think it's Market dependent I think there are times it absolutely makes sense but it depends on the market declining or sideways Market by all means calls but then it also turns into like you have to have the time to manage all the stuff so it's sometimes you put a position in the market if you forget about it you get screwed that's the risk yeah so what have you learned over the last two and a half years would you say when it comes to either money business family what are the biggest takeaways the biggest takeaway for me is number one buy real estate everybody should buy real estate buy as much real estate as you can people like oh I don't make enough money to buy real estate make more money figure out how to make more money people are like oh it's so easy to say make more money really like there are people who get their pilot's license and they make $150,000 like out of the gate or you become a CPA or an attorney you're making six figures out of the any trade basically you could be an electrician plumber like you could make six figures like go do it if you're making less than six figures you're doing something wrong that's lesson number one then lesson number two go buy real estate that's never changed get a good deal buy more real estate lesson number three if you're going to invest uh in in a passive portfolio in the stock market it should be 20 Plus stocks don't go all in on one stock it's it's a horrible idea it's very stupid at minimum I think somebody should have 20 stocks in their portfolio uh and so that could be in a diversified ETF it could be in you know an index fund whatever that doesn't matter yeah uh but if you're going to do stocks it should be that especially if you're using retirement accounts which you should Max those out anyway so that's something that that has changed so make more money and buy real estate that has never changed by single family real estate please stick to single family real estate it's so much better than multif family real estate people like oh you could scale with multi it's like the amount of work that goes into multif family the net caps are probably lower than they are on Singles which is crazy because they don't look that way on paper it's just once you account for all the BS you have to deal with with multi uh then um realize that probably the best stock that's going to make you the one stock that will make you the most money is your own business or a startup that you're in where you're getting Equity so if you're working for a company where you're making Equity that's the best stock you could ever have that's not to say you shouldn't diversify away from it but I think broadly the stock market is probably a scam it's probably just designed to dilute the crap out of retail investors who are paying stock comp for other people so I think the stock market if you're if you're too concentrated is just a piggy bank for the people who own most of the shares and then they delute the crap out of you with stock based comp so uh again that's why I say you should diversify but that's that was sort of like the lesson of like Tesla it's like okay cool elon's rich now he's going to sell $25 billion of Tesla the stock goes down for two and a half years because it becomes the easiest short trade because he's selling and you know insiders are selling and dumping on the retail investor that's believing in this Vision but you're not inside the company realizing that sales are hitting a wall margins are about to go hit a wall and and you're not benefiting from the inside information that they are and trading against you with that's I think why probably Congress outperforms they know what have you learned in terms of family well what I've learned about family is uh it family is a lot more fragile uh when it came to Summer you know basically being we called her a coin toss baby you know she was born with an emergency C-section triplet she we she had a 50% chance of dying uh that really changed me as a person because I realized all of the money and the the you know YouTube subscribers or what or the plane or whatever none of that matters what matters at the end of the day what matters is I want to sit with my family and watch the fireworks uh over a beer uh have a my tie with Lauren a glass of wine uh you know how far can I throw Jack versus max we did this yesterday for July 4th you know uh watch the fireworks get you know lit up by the neighbors we have a a Mexican neighbor who has a mariachi band every year and they do these like crazy fireworks all the time we like this is the best free show ever they totally lit the me Median on fire yesterday and I'm going over with like a bucket of water like trying to like put it out before the fire truck comes in like those are the things that I live for so I live for like family with good and bad experiences going to Islands of Adventure like having a kick-ass time or or getting kicked out of the park because you're having too much fun like those are fun was that a thing you got I've never been kicked out of a park but I've definitely gotten yelled at a lot because because I'm a clown okay uh but I just have too much of a good time but that's where I've become this sort of like work hard play hard and so in work I've kind of turned into this like I'm going to put my best for forward if it all fails no problem I'm just going to keep trying push push push push push but then I'm going to have a good time and I think that's what's been the best therapy for me about family is no matter what I can lose everything I can still sit there and play video games with my kids I can still play Nerf guns in the alley with my kids because that bare minimum I don't think ever goes away unless there's a health concern and taught me that that it taught me that I could lose everything as long as I still have my family and we can still like scrape together a my tie and some Nerf guns we're good how many kids do you think you're planning on having all of them as many as possible yeah one of the reasons we just bought another house the one next door to us is because Lauren said we will not have more children until we have a larger house so immediately what is com to do pay 30% more for the next house correct because that's how important children have become to me I don't care about the money I really don't it doesn't matter it's the so how many kids like realistically you got seven now double digits 10 kids at 12 kids at least is it expensive to you know have all these kids oh yeah yeah I don't make money I spend it all which isn't smart but you know the the plane costs a lot of money nannies cost a lot of money diapers cost a lot of money food costs a lot do you ever worry that you can't give 11 kids enough like oneon-one attention versus if it were just you and like three children like you'd get a lot of attention with those three yeah but I found that the vast see like I was an only child but the vast majority of the time that you're with family you're not actually spending time one-on-one with people you're like you know most of the time it's like people are sitting around they're doing their homework you're scrolling on Tik Tok or or whatever right so what I found is I want to really concentrate family experiences on to set times where I'm not going to think about work so like we're going to Islands of Adventure with both kids or we're having a July 4th party or I take one child and we go on a trip and then I have DED dedicated time and then we'll just trade out kids right uh so I want to go like when I'm with the kids and family all in on kids and family and then they get enough time yeah because most of the time if you think about it like people are like oh there's not enough time in the week but look at how much time there is in the week if you sleep 8 hours a day you have1 12 hours during the week well most people it's like well wa you know I have to work 40 hours no you don't most the average work week is 35 that's because you get paytime off you get holidays off vacation time we take off early when you divide it out you're working 35 hours a week on a 40 hour a week job so what are you doing with the rest of the you know 65 plus 12 what are you doing with the rest of the 77 hours a week well even if I just dedicate you know three hours per child if I have seven kids that's 21 hours a week I still have 66 or 20 50 something yeah yeah yeah 20us it's 56 hours left to focus on whatever else I want to do so do you think you could have 20 children yeah yeah and dedicated time for the entire family dedicated time for each person but when you have what point is it going to be too much though 50 kids I mean obviously like at some point yeah at some point it won't work right it's just not going to function but I think realistically we probably start capping out at like 13 or 14 kids and and to where I could still spend that dedicated time with each child and the children together how much does it cost per child uh do you think a year yep each child the average I would guess each child's probably 100 to 200k somewhere that a year probably yeah so you have 10 kids it's a million dollars a year probably yeah yeah just it not scare you that's a lot of money it is yeah but that's where I've I've just looked at uh you know that's the only thing that motivates me to work is my family so it's more motivation it's an Roi play yeah my father-in-law always told me like you want the best motivation uh syn yourself up to your eyeballs in debt and bills and then you have to work hard so well I got a lot of kids and I got a plane to pay for so yeah but before we get into that when I first moved to Vegas a few years ago it was actually my first time living far away from my hometown back in California and 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you do on your boor day trade which is very stupid is there any value and simplicity not for me yeah no so you have to look at it this way the when we create these businesses the goal isn't that I'm responding to every tenant's inquiry the goal is to train a te team to run the business and so my goal is just to be that little like flame that little annoying person that comes in like all right let's hurry this this this this is the prior let's prioritize and let's cut out the BS let's make sure everybody's on task but I don't want to sit in the office for eight hours a day micromanaging people I trust people and I pay them well and then I have faith for that that that they're going to do the right thing and then I check and I follow up but I don't micromanage so there's actually very little I do in a day how much would someone have to pay you for you to be their employee oh you would hate me as an employee I think I think if they want hey like I want someone else to help me run the business maybe they're consultant 35 hours a week for the next five years yeah but you have to be in the same place yep working in an office so here's what would have to happen uh and I've thought about this before uh I would in order for me to be somebody else's employee all of my businesses would have to fail every everything would have to go bankrupt and and then I would have to probably well I wouldn't have the plane anymore that's okay but I'd probably need enough uh to pay for all of our expenses and our bills and we can bear minimum those I'd probably have to be paid uh to be somebody's you know employee for 35 40 hours a week you know clock in clock out sort of thing probably have to just be like a million bucks a year not even that much relative to like my own income they wanted you right now like you have a CEO of a big company right now that like you know I want someone a sidekick to help me run the business it I don't think there's a number for that because I would have to fail alone first and then take all my experiences and help somebody else well that's that's not true someone offs you5 billion right then you say of course they off so there's a number it's just where that number lies fair so so what what I have to look at is what's the value of the companies that I create so let's say I can create let's say I have this delusion in my head that house hack is going to be a$2 billion company in 10 years and my broker dealer has a potential of being A10 billion company in the future okay so that's $30 billion uh and and let's say my eventual ownership of these companies uh of 30 billion is I don't know 33% or whatever so that's that's $10 billion let's say that's the number okay so now you got me at a number if somebody's like well I'll give you 10 right now to be my slave for 35 hours a week yeah probably it'd probably even be a lower number right because like there's uncertainty it's guaranteed versus the uncertainty so you walk that back it probably would have to be uh a billion dollar a billion a year no just a billion just $1 billion dollars and they could get you for five years yeah probably all right so 200 million a year probably locked up for five years yeah yeah that's probably what I think the the value of what I'm doing right now is it was interesting because in one of our first podcast you said you admired the lifestyle of Nate obrien of just being able to get in the car to drive somewhere just chill no emplo no obligation but you said back then you admired it and then we said do and then you said I could never do it I said well you could do that right now if you wanted to I still can't because uh even though I know I can and even though I still admire that that answer is the same I can't uh uh because I need to have something going on in fact because I get bored so much I keep having more and more great ideas for our businesses to expand and I love that in fact my employees get nervous when I go on a run because they're like oh no he's going to come back with an idea I went on a like I was supposed to go on like a 50-minute run I think it was last Wednesday I was 15 minutes into the run and I'm like we need to sue CNN right now because the presidential debate is coming up and I need to be commenting on that live and it is unamerican if they stop me from doing that so we sued the crap out of them how much was it oh I mean we how much was a defile oh like 1,500 bucks so it's not about the money it was that I needed to air I need it my rights not impeded uh to be able to cover that and so I ran I cut my run short like I beelined back so my and I'm coming into the office sweater sweaty and I'm like everybody together now and I'm like for the for the importance of every single company for house Haack for you every we must Sue this company we are not leaving here until we Sue CNN we sued CNN before we left so that's that's the way we operate I saw I saw that video I didn't think there's any way that CNN's actually going to be like you know going after people who do the live stream they threaten they would there's so many people doing it that it would be like a whack-a-mole where it's like oh one over here one over here one over here one over here and so they're they have ways of doing it because YouTube makes it so easy to just say oh they're airing our content take down take down take down take down and the problem is as soon as you get taken down you get a strike on your channel you get banned from live streaming for a week and uh you you lose all the retention that you just had all the viewers that were there so so we had to sue them to make it clear like don't mess with us what happened with the losu they didn't take us down so whether it was because they forgot or because they decided it was would be too bad of PR to take anyone down we look at it as a win right we were able to stream so we even said that day look if they don't take us down we will dismiss the lawsuit so we just dismissed the next day because they didn't take us down yeah how many hours a week would you say you work my mindset I feel like is that I'm always working but it's mostly because I'm thinking of I my there's so many different things going on I have to think to myself okay I've got to I probably work you know 40 50 hours a week just doing the YouTube content right that's a lot of like I gotta I got to read earnings reports sometimes I I research for hours and then I don't make a video on it because I'm like ah it's not good enough or whatever but it's in the back of my mind so there's a lot of that that's sort of my Baseline full-time job the rest is like okay what's the highest priority now to get let's say the real estate start up to the next level okay we need to get this done with this attorney okay give me a checklist and then we start working on that and sometimes I'll stay up through the night getting paperwork done or getting you know filings ready or whatever but um it probably works out to like a 70 80 hour work a week uh work schedule how many hours a night do you sleep that's pretty bad usually only like 5 and a half or six I'm too anxious you could function on that I remember when we would go on trips you would sleep for 4 hours yeah you would wake up at like 5:30 6:00 in the morning go for a run and come back at like 8 Wide Awake on like 3 four hours of sleep I have probably more trouble sleeping than than I let on because I'll wake up just thinking about my businesses and like oh we need to do and then it's like you know I feel so bad but sometimes I'll send my employees messages at like 3:00 a.m. or whatever like we need to make sure this happens this happens and like sometimes I worry I come across as like a dag in messages CU it's just like to the point like we really need this whatever uh but but it's it's like this mind is always cooking with like oh my gosh we need to do this next and this next this next so it's not like I'm sitting eight hours a day working on house hack it's that I'm always thinking about what's next to get to that next level so we can IPO that much sooner or that much larger and that's a really terrible heads space because it means I can't ever turn it off I can't really sleep more because I just wake myself up with the ideas all right let's talk about some personal finances okay this is what we did last time you were on the show and it was really interesting because you had a huge jump in personal finances and I know the stock market's changed and a lot of stuff changed but what is your netw worth yeah I don't know because of the companies right so it's uh the last time I think we were on the podcast it's gone uh the the Investment Portfolio I had to pay like a lot of taxes I think I had to pay like $13 million in taxes so I got absolutely destroyed by taxes because I had a $13 million tax year and then uh before that I still had a $6 million tax year so I had massive tax implications the only reason I didn't have to pay taxes for the year 20122 is because I bought the plane so taxes really hit my investing portfolio a lot and then I floated my companies as I started them for a while uh and then obviously Tesla stock was like straight down now of course I've had income and my income probably offset my my you know my Tesla hits but the the the hard thing to understand now is what's the value of all the businesses and I and then you look at like okay well the plane's an asset what's the value of that what's the value of the companies so I don't know if I had to guess it's probably around a similar level as to where we are where we last time uh but it's it's in so many different places and we don't even have you know stock compensation or ownership plans built for some of these companies some of them I own wholly some of them I don't so I don't know I think I will have a better answer of that uh if we do this again next year because then we're also going to know the trajectory of the companies see in 20124 we have this very very difficult situation where we don't know if our broker dealer is going to work so it could be it could be an overnight $200 million company or an overnight failure um and it probably will be when we launch it what's the what's the broker dealer well it's a little bit of a secret um but it has to do with innovating in the ETF space that I think uh nobody has done and uh when it's done uh could be something that creates this massive annual recurring revenue for our companies uh well for that particular company it's also a benefit to house act because of how we're going to structure it I look at it as like the wealthy person's Robin Hood uh and so it would appeal certainly to people in the 1% but every single person in the 1% should be using this service when we launch it um so going back to your question it's really hard to know right now because this is the Catalyst year like I it's also a catalyst year for house Haack so house Haack is $100 million company great it could stay aund million company uh or if we pull off what we're trying to do by December which is IPO our first read if we can pull that off this will go to a billion dollars plus and so this year is extremely stressful because of that because there's so much uncertainty and if if all of these ideas fail my net worth Will tank because I threw so much where are you assigning that net worth what is it 40 some million 45 million bucks or so somewhere around there how are you assigning that then well I mean it would be I don't I don't I don't know because I've never I haven't sat down to allocate it but I mean it's it's the value uh of my ownership in house hack it's the value of the personal real estate that we still own it's the value the of the plane less the thatb it's the value of uh if I mentioned obviously stock portfolio or what's in Long portfolio versus trading account uh but then it's also you know how do how do I value my ownership I haven't done a single dime of stock-based compensation of house sack for example I control 100% of the company because my goal isn't to try to tap this hundred million company for net worth it's to turn it into a multi-billion dollar company and and then we can issue stock comp for Kevin right so how do I value that right now I have absolutely no idea so what I told myself is I'm willing to it's basically a big YOLO I'm willing to YOLO uh what I had then after taxes call it 25 after taxes I'm willing to YOLO 25 after taxes then into uh what I think will be billion dollars right that's my goal uh if all of those ideas fail then my net worth will probably be even lower well why risk it I just think 25 after tax you beat the game you won and even just if you put all of that in real estate I know you would be able to make 7% on that saely yeah and so like 7% on 25 what what is that's a huge number 1.5 million yeah 1750 I yeah I don't care and then you know California all that sort of stuff so after tax one call it half of it whatever it's still really good money right um that's your a million dollars a year you could I don't want that I don't want a million dollar a year I want I want to go ring the bell at stock exchange with a multi-billion dollar business many times that's all I care about because that means I made the people who trusted me and came to be in my low in 2022 I made them multi-millionaires the new people that come work for me I made them millionaires I set my children up for if they want to work for these companies in the future they have an option to right I don't want to be that person where it's like oh I'm gonna like put my child above like a person who's been working for me for 10 years I'm not GNA do that they got to start at the bottom they're gonna start at the intern wage right but the point is I want to build that sort of like Empire of businesses like I actually admire Trump for that the Trump brand right A lot of people don't like Trump and I understand that but what I saw in The Apprentice that was in my childhood when we were bankrupt and I'm watching The Apprentice and I'm like I want that and so it's not about like if a financial adviser looked at me two years ago they're like Kevin do what you just said right but the the fire in me must be utilized is is my my mental problem it is a I I think I'm mentally broken so I agree with you I probably need therapy but I think I'm broken because I'm yoloing that for that but I've also convinced myself that well worst case scenario I'll just have a my tie with Lauren and play Rust and I don't need that much money right so I've I've accepted the downside and I look at the upside as so tremendous for so many other people that's not about just the money for me now why not just take 10 Index Fund it put it aside oh I've done you lock up the key so but but I've done that but that's that's cash okay it's just cash money markets like but I have to because uh I need to have I think it is right about 10 in cash because I need to be able to know that if we go into a recession I can pay all of the bills for for these children and for the plane to make sure that I can I can run these businesses through a recession and not lose that call option because I don't want to get like margin called you know imagine if I'm like YOLO Allin margin and then I get margin called then I go bankrupt I lose the plane and my businesses go away well then then I then I ruin everything what's the spending every year between like the plane and the ETF kids and four the ETF doesn't cost me anything right now the ET ETF actually makes a little bit of money now because it's performed very well um the plane's about 2 and a half and then I would guess that uh my ancillary expenses are probably a millish so it's probably like three and a half does that stress you out it makes me work yeah to me it would overpower my desire to work like I I could I could deal with a little burdened by that yeah to me it would feel like like I'm in a cage or a prison where now I have to hit that number otherwise I L Mone every year now you have to get a return on that but that's well but that's also why it's so hard to calculate that I'm not trying to calculate that return on that three and a half I look at it as well if I have 10 in cash I look at it as I got three years so I got three years to prove these businesses assuming I make zero now fortunately right now I'm making more than I'm spending which is good like knock on wood I hope that continues but if I make less than I'm spending then I'm dipping into that Reserve how do you make four million a year because I mean for all of us our incomes have at least I can say gone down substantially well first of all we realize that event like a big event is a money losing thing I probably will never do one again uh and it's not that it's about making money it's I I really did enjoy providing that value for everybody but the problem is and I felt really bad about this there were so many we only had so much time and there are so many people that still have very Niche problems and they're not like Financial advice problems they're like entrepreneur like we want to do this partnership we want to do this business we need help with this branding or this or that or whatever and we just want your opinion whether we use it or not we just want your opinion we want to be able to powwow with you for an hour or whatever so I'm like all right we have the plane let's do a quarterly Mastermind maybe even more frequently we'll see we haven't we haven't started it yet but let's do a mastermind where you know it's like you know it's it's a lot but it's like 14,000 bucks or whatever a year but then we go you know fly around to various different locations multiple times a year and we'll do a like group Meetup of five to 10 people or whatever we'll really strategize and people can network with some other you know higher net worth individuals so like for example I mean we've got people at like that are like CFOs of publicly traded companies or like Hotel owners or you know real estate owners that own like 400 plus million doll it's crazy that the people that that actually watch our channels uh and so um we can't really wait to really keep that going uh and and accelerate that so that's been pretty good uh you YouTube ad revenues obviously come down sponsorships have come down uh so you know courses or or a revenue stream but uh that is probably been something that's that's been a game changer is like that sort of higher ticket sales right uh because like you know there are some people who bought my courses you know for like 3 400 500 bucks in like 2019 and they still can come every single day right there's no recurring Revenue model there The Mastermind has a recurring Revenue model because it's like an annual thing let's talk about for the viewer they're listening they've been listening for a couple of hours now they want to see what they can employ what strategies they can do to better off themselves financially better off themselves to better the viewer wants to know how they can better themselves financially Graham loves this question if you're poor in America with no disabilities no dependence anything out of the ordinary between the ages of let's say 25 and 55 is it your fault if you're not making money or you're poor yeah of course it is 100% it's absolutely your fault if you're not making more than six figures and you don't have disabilities and you're 25 plus years old the the usually the problem though is is is the mindset people start with well I'm 25 and I'm not making six figures Kevin says I'm entitled to make six figures no I'm not saying that so people get this idea of that okay well I'm a loser because I'm not making six figes no that's not true you haven't figured out how to provide value to society once you figure out how to provide value to society you will be paid a lot more than six figures that could be as an attorney a doctor as a pilot as a CPA as a real estate agent as a lender I don't care what it is but you have to do something as a professional there are plumbers who make $ $300,000 a year running small little Plumbing shops you know they're doing hard work they're doing people are like oh look ass crack plumber or whatever that guy's making over six probably making more than the people calling him out and what do you say to the people that say not everyone can do those things I totally disagree I mean if you're not disabled how how how could you not pick from even the Litany of things that I just mentioned the trades uh software piloting accounting attorney I'm going to become an attorney it's going to take five years four five years but I just signed up to take the uh elsat in November and then I'm going to go to law school for four years really how I just don't even know how like how do you find the time for that cuz I'm bored I'm serious like people think I'm like not bored I'm I get bored isn't it though that you have to work with a firm after you take the ls you go through law school you have to work with the firm right create a firm we already did it's called law hack did you know this you're kidding me you really I'm serious we created a law firm law hack house hack law hack stock I get it I get it pick it up on that's law hack and what's your what's the purpose of it just to say your no to sue people so you could personally is that good to represent yourself in those cases or you I want to make money from it because see like if you're not an attorney you can't make money from uh the professional Corporation it's like an APC or whatever it's called that's so funny that don't sue me bro yeah but it don't sue me right but I'll sue you that okay now that makes a lot of sense just change I'll sue you bro I'll sue you bro that's a good mer I like that yeah that's the bag of cof wait a second but but you're saying to make money from it I don't get how you'd make money from it unless you are charging yourself you're paying yourself no no you win the lawsuits or settlements so you would you would sue people settle the lawsuits but why can't you pay someone else to do that like get them on a pay way too expensive uh so payroll on that well I mean we have a payroll attorney now and we're looking to hire another one but no what so so like for example um if let's say uh an attorney like look at the Elon Musk lawsuit or whatever with the with the stock based or stock comp or whatever the attorneys are suing for like7 billion or whatever which is crazy it's stupid they're not going to get that but even if they get $100 million let's say I paid for all of the attorneys and I'm like man I want I want a cut of that $100 million can't have a cut unless you're bar licensed attorney so you win a big lawsuit you can't get your cut unless you're an attorney now if you were the victim you can get a cut but if you are working the lawsuit you can't unless you're an attorney my thinking is I'll give you just some some examples here so uh somebody for house hack uh does an inspection for us they don't follow their contract total scumbag it was a total to me and I'm like whoa like we're just asking you to inspect this part of the property which is in your contract right so your contract says yeah we inspect these things and he's like no we don't do that he's a total jerk or whatever and I'm like okay look keep your inspection report um I'll pay you half but I'm not paying you 5 grand I'll pay you $2500 I don't even want your report I don't trust you because you're not even following your own agreement please go away so they're like no that's not going to work we want the full five grand I never even got an inspection report from them I'm like okay no problem uh they sue us they're like we want the full five grand so we sued them right back they crawled up into a ball as soon as possible to beg us to dismiss our lawsuit because they were going to get absolutely reamed and destroyed so I am in a position where uh I will fight no matter what so if somebody comes after us they're gonna get sued the crap out of and I'm gonna sue them for 10 times the damage they did to me so I'm very very system just the tricky part of the legal system is it's so easy to Sue and so hard to be sued so I I guess it makes sense the best the best defense is a strong offense ex the thing is anyone could create any lawsuit they want to and it just cost money so it's just but if people are on payroll it doesn't matter EXA it's just it to me the legal system just seems like an eye for an eye where it's like but you just realize that's the hack people who have payroll attorneys spend zero on lawsuits people who don't have attorneys now have to go retain an attorney for $20,000 as a retainer just to defend it's going to cost them 50 to 100 Grand screwed the legal system sucks the only way to protect yourself is by have by having payroll attorneys and by being aggressive that's the only way to protect yourself because we all of my businesses will have the reputation of if you try to screw us we won't let down we'll come after you I hate to say it if you if you weren't on YouTube I've said this before you'd make a great TV anchor talking about the news but also I think an even better lawyer really yeah yeah I you would be the one person that I would just hate to be sued by that would be the most annoying lawsuit yeah I would argue that your personality type would make probably for a better lawyer than a content creator content creator wow yeah and that's not to diminish your your your work ethic as a content creator is is Far and Beyond anyone else that I've ever seen so to say that about law it's just I I think it's it's it's it's you're good at arguing you're good at making points um but then you have a bit of a what I feel like a bit of like a like an ego behind it where you want to be like like I the competition that's what it is yeah of like one-upping well I don't know if it's oneup I think it's winning yeah it's success right it's it's winning uh and that's so that's why people say like why not retire and just be done it's because I I want to I want to play the game and I want to win yeah right so for me playing the game is I know I have an edge in real estate I want to play the game and win I think I have an edge in this broker dealer world I want to play the game and win I think I have an edge against some scumbag who thinks they're going to sue us I think I can double down and beat them back and win so it's like it's a principle thing and even if I lose I just want to go back into the fight I'll give you an example yeah so uh I tried taking six finra tests and I only gave myself 3 months to do it as a result I did not give myself enough time for two tests I actually failed two tests and I've never failed a professional exam in my life except for the end of last year and I hav haven't told anyone this on on the internet but I failed two tests the series 24 and the 27 I missed one of them by three questions and I missed one of them by like half a question so like I was close but whatever but I I saw it as like as soon as I failed those I'm like get me back in there like up for the next available test date I will go in there and I'll crush it my suspicion is that the next time I took those tests I probably got like 90s on them because I just so overstudy for them and like I will not fail again yeah uh and like if I lose it's okay I just want to get back in and fight again it's like the worst thing about day trading is having a red day because then the rest of the day I'm like I just want to get back in there and fight again yeah are there any instructions that you could give to people where they say if I want to be a millionaire or if I want to be successful if I follow these instructions I can't go wrong yeah oh absolutely e real estate real estate buy your own home uh so first of all make enough money to buy your own home so go get even if that means get a job like with a W2 it's really easy to buy real estate because you can qualify that income easily everybody should do this this is financial advice you should absolutely do this and the ironic thing is financial advisers generally don't recommend real estate because they don't make a commission on it real estate agents make commissions on real estate financial advisers make commissions on selling security products crazy difference so generally they don't recommend real estate but everybody should buy real estate that is financial advice everyone should buy real estate and uh the the reason for that is when you own a home you're investing in American Real Estate you should invest in ideally higher cost of living area where that will appreciate where jobs are so don't buy in the middle of nowhere where the town's going to go bankrupt and then keep buying real estate buy as much real estate as you can as soon as you get to four properties you're going to retire a millionaire I'm convinced of it now this is not personalized Financial advice so SEC don't sue me bro uh but for broad Financial advice everybody should buy real estate get to four properties hold them forever never sell them even today at today's interest rates at today's prices where it's cheaper to rent yep because your competition uh will will make it so that you'll never own real estate we I think I think what I'm also very sad about is I think in one people are always like oh I wonder what it would be like to live in the future I actually think for a person like me the future would be very miserable because I think in 100 years I couldn't do wedge deals in real estate like algorithms would be doing it I don't think I could launch this broker dealer service because it would all exist like all the Innovation would already exist that I could possibly make a difference on and then the next levels of innovation are going to be things like rocket ships dude I can't start a rocket startup I could start a real estate startup I could start a broker dealer startup I can't start a rocket ship startup or or a robotic startup I don't have the money so I think in 100 years it's going to be very very sad because it's going to be very hard to fight and win what do you think you could be wrong about today everything absolutely everything all my businesses could fail uh I could be wrong about every single prediction I make my hedge fund idea could fail my stock idea can fail my real estate business can fail and then I will play Rust drink my ties and then I will finally be done and where peace and where do you think people are wrong today like when you see it from your perspective like you hear all the chatter the stuff that everyone's saying you got to go do this you got to what are they saying that's wrong well the biggest thing that I think people make a mistake on is oh I need to uh save more money rather than I need to make more money that's the biggest Divergence so people will for example take a two-hour commute to save a th000 bucks a month and I'm like why don't you live closer to where the money is and go figure out how to make an extra 5 grand a month and then own more expensive real estate and now it'll appreciate at a higher rate so these these tradeoffs that that people make of like oh well you know I wanted a bigger yard why do you want a yard a yard is a waste of money you have to take care of the Landscaping then you're going to over improve it or whatever we don't have a yard we don't even have a driveway and we now have two houses next to each other that don't have driveways and no yards why it's a best thing ever because I could be with my family inside the house or if I want to go outside I could be outside of the park there's a free park I could use 10-second walk away uh but U this idea of like oh no no I need a bigger house I'm going to live further away biggest the stupidest thing ever people's commute should be between 5 minutes 15 minutes max they should focus on their Topline income uh and then they should buy real estate that's it and most people are like oh I can't make more money get a better skill oh I can't buy real estate too expensive make more money oh but but but I I can't live over there cuz because I'd have to have a smaller house so that's my take I want to do more impressions of people oh you like the I like that I like that but Kevin what was the one that we used to say all the time it was like but or like there was like a one there was one term that people used to always say what I can't remember what it is like you can't do that yeah about both of us oh you know what funny oh he was like but Kevin the average person I think it was the average person Aver that's the mentality that gets people stuck the average person listens to Andrew Tate and thinks that they are entitled to make money that working a job job is slavery and that women are beneath them and that they are entitled to make money without going out and getting a better skill that is so opposite first of all respect women equally second of all if if you think you're not making enough money it's on you you got to figure out how how am I going to do more and then you'll get rewarded you know what's funny when you guys both laughed at the exact same time it sounded like those like super exaggerated like rich guy laugh things that is so funny well we'll re-edit that in as a-roll it's going to be I I do feel bad because one of the things that I do think that well first of all people are going to watch this they're going to want to punch me in the face they're going to think uh I'm out to get you and use you and hate you and I this was my idea this is my idea so I uh I yeah the the team is like Kevin are we gonna go over and film a vlog are we going to uh they all wanted to come cuz they wanted to meet you and they wanted to film a vlog and they're like I'm surprised it was just you I open the door I was like I was expecting cuz weal I think we talked about yeah we're like at least he's bringing McKay well yeah because usually when we go do something like this we'll do a podcast also like even if it's like 20 minutes like you on the couch afterwards I'll ask you 10 questions or whatever like when I went to Tim pool we did that or whatever usually it's always I bring the team and we maximize it we Vlog it we do videos on the jet whatever and we I had no idea what questions we were going to ask but my intention of coming here alone was to hopefully reiterate that this is not about me if at least some people listen to what I'm talking about and they go okay normal person who makes mistakes got it what is he actually saying about Finance uh he's right that's what I let me ask you do you worry about being unrelatable now I I mean have you given up on that totally given up on that so like um first of all I've never been relatable I was bullied as a I feel like you have I yeah in the the early days like I'm talking like 2017 YouTube 2018 YouTube I feel like you were really relatable I think everyone in the finance space to a certain degree was I yeah see I I guess I just never felt that way because like I'm jumping out of bushes I'm doing like stupid pranks and like stupid like and I'm having these weird perspectives uh I always thought that was unrelatable I always thought my marketing real estate was so unique that it was unrelatable people like e you put your face in your car oh my God you like the way I marketed or whatever oh no pressure agent oh you're weird uh didn't want to work for a broker when I was a kid I was bullied because everything did was different uh I've always been of this this like weirdo kind of people have cast me out as a weirdo so I've never really tried to fit in and um yeah I I don't know I've also now like I do think there was a period of time in YouTube where it would make sense like okay well let me at least try to fit in because it's probably good to be relatable but now I've just kind of gotten to this like I'm just not going to beat around the bush anymore and I'm just going to give it straight and um just be real like I personally people people going to hate me for saying this but I say it I hate Andrew Tate I think he's a cancer at a manista society and he ruins most Young Americans mostly men uh it ruins their opportunities to get into a relationship to stay in a relationship and to make money I think he's the opposite of what people should listen to what other opinions do you have that are like wildly unpopular that maybe the old Kevin wouldn't have shared when he was a little bit more conscious but now at this point you have want you're comfortable saying exactly how you feel I do think in the past I was afraid uh and maybe and this is something I was thinking about maybe that is what came through I was afraid of complimenting uh other people for doing good work uh i' I've always had that problem uh and I've found just over the last couple years having employees is kind of like raising children that's not saying they are children it's I care for them like they're my children and I want them to succeed so badly and I need them to know like all of them that I trust them and I don't need to micromanage them because I trust them I don't need to track their hours and check what they're doing because I trust them uh but at the same time I also need them to know that I'm so grateful and thankful for what they do and I don't say that enough and so I also think that 2020 uh 2020 Kevin or even 2019 Kevin probably would have never said I love your content like you do great work but you deserve that and I don't think I ever said I appreciate that yeah I've changed a lot I mean Jack has seen it firsthand from like 2020 through today uh going back to the relatable topic I wanted to mention that in the beginning I was so cheap like very cheap with everything that I would do and I remember back then uh I don't want to say it was celebrated but people really liked it back when I was like grinding through the duplex and like hey this is 900 foot place my Starbucks yeah but I would remember yeah I remember that but there but there's so many little things that I would do like the the instead of buying trash bags reuse grocery bags and like little things that would say like was INX you made a video out of that people would relate to that but they would love it it seems like that has completely shifted once I started making more money the fact that I've kept a lot of those habits now it like turns people off in such a way that I've never seen before like it it's cute when you're doing those things to be like cheap when you're saving money but now people are Graham you're so cheap and you should you should be like you could finally afford these things and like why aren't you doing it's now they almost look at it like like a bad thing they saw it as it as you being like you know financially smart when you were younger but now they see it as delusion because you know you have a lot of money and yet you still do these practices that like you know me so they're like something must be with this exactly but but a lot of those things really haven't changed like I've Eed I've eased up but I've eased up to the point where I should have been five years ago so I'm like back then did you get your free gift at the time share I did actually yeah they they uh well it was the deal the whole deal deal was to go to the time share watch the presentation you know what but I did but yeah but I did get a $75 gift card yeah and did you buy the time share no they were really easy on that by the way time share I was going in expecting them to Hound me on this thing but they were super nice so they somebody from that sales team came to my event they're like I think Ram just checked in here yeah and and I'm like oh really yeah and they're like yeah and then I went through we we were going through like our appointments for the next day for the team and his name showed up and I'm like dude he just wants the free gift is that is that so can you explain to the viewers watching what exactly it is you're talking about okay so I went I went on this vacation a while ago and they gave me at the very end of it this offer they say hey if you put down a deposit you could book these five nights and all you have to do is sit through a 90minut presentation but you get a discount on this this room I said that's a great deal so I did it and then I show up and you text me I hope you're enjoying your St how do you know this but apparently yeah the sales team now they went really easy on me and I think it's because maybe they knew that and they just gave a heads up to like hey this this guy's not going to buy it there's no way you're going to close this guy yeah but it was so funny when the guy so they had this initial lady who toured us through and she was amazing like I could tell you know the whole sales thing so friendly and she was like a violin teacher and talked about like how vacations like helped her out like really sweet and and then they got the closer and the finance guy and so we sat in a room and they brought us Waters and they left and it was just Macy and I in the room for a few minutes I'm like this is by Design they want us to they want like in a perfect world Macy be like gr isn't this so nice we should do this like build the pressure the sales guy came in kind of went through the initial like a one-page thing and he says what do you think of it I told him honestly I'm just here because of the discount I have no intention to buying anything but I'm just here like I really appreciate your time I I don't mean to waste it but I'm just here for that closed this book all right man I really appreciate yeah enjoy left nice the nice but he also watched the channel so I think he knew he walked in they all probably knew yeah yeah that's cool so I thought like there's no way he that easy way the reason I brought that up is because that is you that's Frugal gram I wouldn't do it I'm a different person I'm like 90 minutes of my vacation hell no right I've never gone I enjoyed it I don't know I hate it that's where we're different right uh but that's why I think like I I owe you so many more compliments than than I've ever given you uh and and this isn't like we don't ever have to do a video again this isn't to like suck up or whatever it's just that uh first of all I wouldn't be on YouTube if it weren't for you that I do think I've told you yeah uh but I've always been so afraid to give compliments and that was a big failure but you you truly are that person and so people giving you hate for saving money I I don't think is fair I think that's how you got to where you are and and that's a good thing I think people make the argument that you know when you're coming up it makes sense to do these little things but then when you have enough then you shouldn't be cheap and you should try to enjoy that it seems like you know it's counterproductive now everybody to a certain degree it can't everyone has an opinion right and the and and social media is just that place where it's so easy to hate on creators because everybody's got an opinion and the weird thing is there are a lot of people who are haters on one video that are like your biggest supporters on the next video and I've noticed that and you know how I learned that my father-in-law he used to watch Scotty Kilmer the car guy yeah I remember him so he used to watch Scotty Kilmer every day and it was just like oh my God Scotty this Scotty this scot and he had a used BMW too and it was like so relatable because Scotty Kilmer hates used BMWs he's like what what's the saying like you need to be uh a a a millionaire no you need to you need to make six figures uh to buy a new BMW you need to buy you need to be a millionaire to have a used BMW or something like that whatever the saying is right uh and so relate it relate relate and he's always talking how I love Scot I love Scotty I love Scotty I love Scotty one video Scotty does and he writes this paragraph about how Scotty's just like a bad person how could he have said this oh my good like whatever yeah and then the next day he's back Scotty kill me Scotty kill Scotty kill me and it's like bro you could have ruined his day with that comment and you're like his biggest fan but now you're leaving this novel of hate on one video cuz you didn't like one thing he said so that actually like opened my eyes a little bit that's interesting yeah some of the some of the haters are actually like they love you so much but there's just that like maybe they're having a bad day right there was one that really stood out to me a while ago this is when I first started making those videos of how much I made from YouTube ad revenue and this guy reached out uh made a comment said this is 100% fake how dare you mislead your viewers like this isres there's way you're you're lying so I reached out I said hey what's what's your Instagram I'll prove it to you gave me his Instagram sent him a DM and I sent him a DM of like specific screenshots this is before like a really screen record I think this was like 20 18 or when whenever I started making those videos and I sent them all these screenshots and I'm like what day do you want like I'll show you that day and like how it matches up over the year you tell me what you need and he gave me like all these specific things I screenshot it and at the end he says this is possible you're photoshopping it I don't believe it you need to now show me your tax return for me to believe this wow and then I'm sure then I stop responding but then I'm thinking I could submit my tax return to this guy to the synonymous internet stranger and you can be like well that's Photoshop I want to talk to your accountant see you know keeps going yeah it's because you care about people like you sincerely care about people you don't want anybody to be hurt and uh that's also why I feel so guilty for having hurt you so I'm sorry about that we're good would you do only fans for $5 million a year sure sure yeah like fullon yeah full frontal I don't care $2 million a year you don't care would Lauren care well it's not up to her you don't think so it's not you don't think your wife would have a say t you know the man leads the household no I don't lead the household she's my boss she's your boss I highly respect her but uh we also have this this understanding that we ask other for our opinions generally we almost always agree but there are sometimes where I'm like Lauren I think that's a really bad idea but you have the freedom to do it anyway this would be probably one of those I'm not but what if she did only fans uh I mean ultimately that that it would probably be the same thing right to be like I don't know you want to do that but ultimately that'd be up to her choice and I would be okay with that would that be a deal breaker to you or no no no no no no no I'm I'm very much I trust her judgment so much grandma is in disbelief right now no I get trusting her judgment I know she would have the Judgment where she wouldn't do it okay fine so let me put it this way let's say her judgment was to do it I would support it shout her out on the channel that's fascinating no absolutely absolutely it's um yeah I don't know maybe I have more like this they also have seven kids together which at that point I mean there's you know that's a different kind of I feel like I understand yeah how long have you guys been together now five years five yeah wow five years that's 2019 that's crazy before lock lock down okay hard questions the hardest the rest was easy recently you've been getting more into Politics on your channel correct who are you voting for meet Kevin see that's a very diplomatic political response correct who are you voting for for the national meet Kevin I'm writing in meet Kevin on the B I'm writing inin are you running again no I'm not running but I'm just going to under the WR in so that way I can fill out the rest of the ballot okay well let's say you wanted to help out the the United States as much as possible not Biden who would you write in not Biden so you ride in Trump no because I think Biden's gonna get replaced yeah so if he was replaced by the most likely candidate which is either or or Nome you would prefer move to Trump I I would vote for me Kevin yeah but that's not gonna help the nation well it will because a vote cast helps California is not gonna make a difference anyway but see the thing is um I the tough thing is I don't I know with certainty that Biden is a disservice to the country Biden is a national security threat uh Biden's a really big problem and it's not his fault and some people are going to say it's his fault that's fine he's a scile old man he's got to go anybody would be better than him even Gavin Nome and I hate Gavin Nome because I ran against gavan Nome uh and I think the Democratic party which I am a part of right now I just feel like they're a bag of slime balls lying to us so here's a a hard question I'm going to poke and prod but it seems as though cuz like when I tune into your content it seems like all of your policies all of your leanings are all Conservative Republican and yet you continue to tow this line of being a Democrat I think socially you're very Democratic I think fiscally you're conservative I that's the way to put it I think that's how we get that sort of 5149 like uh you know I'm I I I if if somebody wants to be gay that's tot fine you know I'm I'm I'm so for like equality uh but are the major Republican candidates you know opposed to gay marriage oh yeah a lot of them at least from what I'm hearing uh there I mean when I mention this on the internet I'll get like a Spam of comments when I'm live and people be like I hate gays I'm anti-gay and people will like really own up to like being anti-gay and so you know well that's not me um but yeah I mean as from I think less government is really important but that's more of like a libert Arian approach than necessarily left or right uh I do think lower taxes lower tariffs less government those things are all very important I'm a big fan of uh tough on crime I think that's probably more of a conservative approach uh I'm also a big fan of uh uh more authoritarian intervention from the government when it comes to homelessness like I think the National Guard should be deployed to build homeless shelters in California and basically make it illegal to sleep anywhere on the floor because people are dying on the floor to drug overdoses to Crime theft whatever right it's terrible that what's happening in California is is a travesty and so that's why I ran for governor on them yeah a lot of people look and they're like oh but you know all that seems Republican I actually think it My Views are not Republican or Democrat I think they're American views I think everybody should agree like you want to be gay that's okay do we need to solve homelessness yes how we going to do it this is how do we need more housing yes how we're going to do it do we need better schools that teach trades so when somebody's 18 they can go to you know into be an electrician or whatever yes like I don't think any of that is left or right I think it's American would you ever run again maybe for something yeah yeah uh at at some point in the future I don't think I would now because uh uh I I I really think that right now I've got to focus so heavily on just the businesses you know and and see YouTube went through this this cycle of like this you get this big peak and then it's kind of slowed down and it's troughed and like it slowly comes back which is great but during all that I just need to focus business business business business keep keep those business the babies growing so speak they're my little babies yeah what do you think is the best tax rate oh uh like what it should be yes income tax rate oh probably it should probably keep out uh tap like max out somewhere in the third range like a third I think is reasonable 30% yeah 33 something like that I think progressive tax rate yeah it still it could still be Progressive right you could still have zero 10 15 20 right what what yeah what's crazy to me though is when you see how much money the United States is spending and you see how much they're bringing in through tax revenue the tax revenue barely makes a dent so you could think theoretically you cut back on some of these things put tax rate at zero oh my gosh imagine how much people would save invest spend true 0% taxes or maybe it maybe it might work against it though because you need to incentivize people to spend and reinvest exactly so you got to tax high enough just to incentivize to get the deductions but that's the thing see in California you know if if I have deductions I'm paying 55% of taxes right and so uh I bought a plane because of taxes now I have I start the year with a negative $2.5 millionar of losses so so the money I make it's like 100% mine basically and I have a Jet right so the but but what does that do now well now I have uh two pilots on full-time staff uh the airport has more services because you know or our use to some marginal level we have um uh a staff flight coordinator who does all the planning all that stuff that you hate or whatever they deal with all that with the rental car she's amazing Amy she's she's a goddess uh so we're creating jobs because of taxes so because I hate taxes so much and because I paid you know $6 million and $13 million two years in a row uh now I'm like I'll go spend it and my spending is actually enabling my little startups which I think are call options on billions of dollars have you lost any money in the plane like let's say you sell it today oh I'm sure I would lose money because I'd have depreciation recapture God it'd be terrible but let's take taxes out of it okay you bought the plane I think at 12 129 129 what's the plane worth today maybe 121 I keep getting emails of people offering to buy it I'm not selling how is it held such great value shortage it shouldn't yeah it should be worth eight but right now an 8 million plane like what I have is a plane that has you know 4,000 hours and is you know a smoker from eight years ago the the plane values are nuts right now because there's a short just because it takes so long to make planes right I mean think like you know Embraer might make 70 of these planes a year it's not a lot and then what you're going to scale up prod production 10% congratulations you made seven more it's it's a drop in the bucket to the demand that exists you think there there are less than 4,000 I think private jet private jets privately used in the world like you have like Net Jets that's obviously a bigger Fleet but there aren't that many private jets if you could ask these people one question what would it be Biden oh god um see he just needs to retire so what question would I ask him I don't I don't really have much respect for what I think the answer would be uh so I suppose I would ask um boy what would I ask golf gam let's say he's sitting down right here he's sitting right here okay so if he's sitting down right here I would want my question uh to end his candidacy because that would be for the good of America so uh Joe Biden how long are your naps every afternoon and he had to answer honestly is probably be two three hours dude nobody would vote for the guy wait so so if if he had to answer whatever question you ask 100% truthfully and honestly speak about anything in his entire life what would be yeah his sleep schedule over the last ask aliens do aliens exist oh no no I'd ask who's actually running as president he wouldn't remember who is who's making the decisions he wouldn't remember wow he's got staff me okay now I'm Trump what do you ask me see like Trump I would uh depending on how much time he gave me I would just run him through all my business models and go critique me but if you had one question if I had one question for Trump I would ask him if he were uh 18yearold an 18-year-old today with no money how would he start in today's environment that's what I would ask him my guess is he would start in real estate because it's so hard to imagine Trump starting with nothing because he started with that small loan of $2 million from his dad MH and so I'd be really curious I mean a lot of people are asked that right like how much on like the basic level yeah I want to hear his answer like how is he going help somebody making 40 Grand get to 100 Grand you I feel like I throw those answers out all the time it's like well you could intern for Kevin every every intern who's come intern for us has started at $15 an hour they all make over six figures now well well into six figures I don't think he's ever really started at that level so it' be very interesting to see what he would do would he be an entrepreneur would he try to go work for somebody and get a W2 right I'd love to see that thought process because I think the safest and guaranteed millionaire path is W2 real estate real estate real estate research and if you knew you'd get 100% a truthful answer to any question what would it be to new how much did you and the Democratic party censor my campaign oh wow that's interesting because it would expose how nasty it really is I mean it's it's obviously it's like it sounds conspiratorial but when when I sit down with reporters that are like hey I work for you know this station this station I'm not going to mention them they sit down with me for coffee after the election they're like you know we we wanted to like cover your campaign but we're given a script we have to follow the scpt right or or you know whatever it's there's so much I would I would love to actually hear the truth of how nasty that political machine is because it's it's bad who do you think is the worst person in politics right now Joe Biden really oh yeah who do you think who do you think would truly make the best president of the United States right now me Elon me Nome Kevin Mr Beast no you who do you genuinely think do you have any idea idea I feel like it would be have to be like like either Elon or like even Tucker Carlson Elon would hate the bureaucratic process you need somebody who can handle bureaucrats because you are the CEO of a company of that's true he hundreds thousands bureaucrats he would do better than Elon wow oh yeah he can handle bureaucrats you you need a politician who can handle bureaucrats it's the problem Diamond yes absolutely great person somebody like yeah banking is the most bureaucratic thing that exists uh he would be excellent respect him highly um somebody like VI I would be very worried about he's got great ideas but the system wouldn't allow him to do anything because I don't think he can work in in that system that entrepreneurial background I don't think he can run bureaucrats yeah here's a question for you who do you think would win the presidential campaign if it's Mr Beast versus Taylor Swift Taylor Swift probably Taylor Swift you think Taylor yeah yeah really yeah 100% 100% I would say I would sayy confidently everyone is this young guy they're gonna be pulling up old videos of him like the problem is YouTube people don't respect YouTube It's a YouTuber versus a Pioneer in the music industry and entrepreneur around that right I understand Mr Beast is an entrepreneur highly respect he's got a fantastic business like what he does is wonderful we understand that as YouTubers remember when I ran for governor the number one complaint but you're a YouTuber that's why 100% Taylor Swift would win the stigma of being a YouTuber is bad yeah let's flip this around what questions you have for me or Jack well I I first of all thank you I really appreciate all this this is really just enlightening it it was therapeutic it was like therapy and I I it's okay like people are going to make fun of me and clip me and call me a clown or whatever that's okay because it was good for me so uh I don't know that I have questions for you I think what I would suggest is um I want to see you posting more no it's not going to happen yeah I uh uh I I I kind of miss you yeah not gonna I I have been telling Jack and I think I've been telling you for a long time about like the posting schedule since originally I've said this before late 2019 I got so burnt out of YouTube so burnt out and I just gave myself through my birthday Co hit and I started posting because it's like well you're home there's so much going on it was like brand new for me again I kept posting and posting and posting and posting then I thought end of 2021 I would stop but I thought you know what I'm just going to push it through April that got pushed through well if I made it through April I'm going to make it through the end of the year that turned into well I'm going to go to April again through the end of the year and it just got to a point where I just got so tired of it and so just like over it where it feels kind of like I I did everything I wanted to that's I said everything I need to there's nothing new for me to add and it seems like I'm just spinning wheels index funds index funs every vide no which is true every single video I just talk about index funds buy and hold your perspective on the the first of all the level of research that you do uh I think is excellent I like to think I do the level of research that you do as well except when I do that level of research I have 10 videos right because I'm like I'm going into multiple different you make the news so easy to understand because you make you tie it together make sense of it and create a bottom line because you're planning out your videos uh and I think that's really needed out there and not a lot of people do that um I'm trying to think of of who else does Finance news summaries like you do like Andre obviously uh but um he doesn't post that much either like once twice a week you know so uh yeah I don't know I think uh I I personally would rather see more gram main Channel than second Channel yeah well the second Channel I haven't posted on over a month oh okay well so that yeah okay it just felt like all the same thing it just it to me there felt like no differentiation I wasn't improving as a person I kind of maxed out it's like if you're playing a video game you kind of maxed out the character I feel like well you got all the armor you know and so it's like well I'm just playing this game with this maxed out charactera character but there's no new development that that you could you could play where theion pack yeah like you hit through all the levels you you've seen it all so it's like am I just continuing to play that last game yeah over and over it just it felt like there's nothing new the podcast for me is something that's a bit different because we get to talk to new people all time yeah you could have a real like confronting title yeah confronting me Kevin yeah exposing uh but now that that's why and and I just I felt really uninspired because there's been nothing new for me to really dive into and so for me it's just I I start dreading okay I start dreading it and that's bad it's possible that uh it's because you know okay I have to make a video I got to do 10 hours of research and I got to prep what I'm going to say and how I'm going to organize it and then I got to film it and I got to edit I think when you look at making a video you're like I'm going to be 20 30 hours deep on this video and I don't think you want to do that anymore so how about this raw gram reactions do the Kevin five minute edit on your main Channel I just don't I have the desire that's the thing it's I don't have the motivation okay okay so so buy a plane start three companies go into debt seven kids seven kids yeah see but that's the thing I don't I don't know I don't know either if if I if I got if I have like the debt or I have the obligation if that's going to force motivation and then I'm thinking do I want to force the motivation by like taking something on and then now I have to yes I I don't want to have to rely on like oh I need this thing or I got to do this thing or spend this because then I got to make it back it's it's that stress you don't and I get that yeah it's um no I I I don't envy what I do I don't recommend all this Insanity that I that I go through like it is it is stressful right and there there's a lot um but uh I guess everybody's different and and and I think you're probably on a better path I think that's a it's a more reasonable path it's better for when you want to have kids yeah well for me I'm just trying to figure it out like I feel incredibly lost in terms of like trying to figure out like a passion because like for YouTube that's the tough thing it's like see that's the thing is you need something yeah so I don't know what it is yet but for YouTube for me that that was it it used to be real estate for YouTube it was like every day and wake up so excited are you buying real no yeah yeah I don't know that makes looked for a long time I look at Commercial Real Estate I don't see a single thing that makes any Financial sense to do no especially not in your situation it doesn't make sense uh so it just been sap basically yeah yep yep yeah I mean but good for you I mean a that's done very well but also B uh yeah I think you're right finding that passion I think kids might help you I don't want to but then you don't want to crush like I want to be good on my own good on your own no like to find a passion to find that thing again yeah because I to r on like anything else if that makes sense you know cuz then I feel like I'm having a kid to like fill something or it's like I have this same so like let's have a child that's why I had seven kids no but like look I took them Jack and Max to uh to uh some it's kind of like a dude ranch or whatever out in Wyoming but it was sort of like some all-inclusive thing where they feed you and it was really nice and the see I might not spend all the time with my children but when I spend time with them I really love it and there was this memory that I have of we uh shot um compound bows and uh when we went out we did our little tour we shot compound bows whatever we came back from the trip Jack logs into rust and he's like Dad can you craft me a compound B and in the video game you know he he pulls it back and it makes the same sound as the real one and he shot and he's like this is so cool I shot this in real life and he has that face cuz he's you know he's a he's like this is so cool that feeling is the best feeling in the world like that makes everything worth it for me absolutely everything like seeing them excited about things that frankly I don't get emotion out of makes me happy again like I don't care about so many things uh just because it's like okay you sort of like been there done that it's like okay there's no dopamine H in this whatever their reactions their happiness means the world have kids man but then I feel like I'm having kids just to fill something so what a great thing to fill your life with what a great purpose to have I don't think I'm ready yet I'm not ready probably a few years probably a few years you do it when you're ready but I I see what you're saying like I want something outside the kids that's okay too uh you could always come over we could have my ties that could be a thing my ties and theme parks but uh but there's something about uh children that I I just I think you'll know when you have them and then you'll wish you wanted them sooner I mean everyone says that so I I mean I I had Jack how old was I how old is he now young 22 23 something like that yeah Jack could you imagine of a three-year-old right now right that would be insane but it's worth it it is insane but it's worth it I heard one thing that that did alter my perspective on it is that the relationship that you have with your kid there's no one else on the entire planet that you'll ever meet that all they want to do is love you and all they want to do is spend time with you and for you to love them back and to be able to have that relationship is such a blessing and to be able to have that relationship for as long of a period of time as possible is also a blessing so if that's the best possible thing that you can do in your entire life why would you want why would you not want a higher percentage of your life to be able to be bestowed with that exactly oh I totally agree with that I think that's that's that's a great answer for you uh and then I also think I want many of them you uh and and I think the quantity thing is just I I I have this this mental problem again like I've said like I've got to build things so it's it's you know building the companies building employees and building babies it's all the same and I love it that's that's all I care about cool well thank you man Kevin really appreciate coming on thank you so much for coming on the show it's always such a good time seeing you we're going to go get some sushi yeah let's do it and uh maybe maybe next thank you guys so much for watching Kevin all your L Down Below in the description meet Kevin meet Kevin thank you guys until next time m a t