Buying The Cheapest Real Estate In America | Confronting Minority Mindset

What's up, everybody? I am Jaspreet Singh. We're here on the Iced Coffee Hour, and we have made what? $200,000? Wow. Wow, that's that's fairly close. Yeah, that's a guess. They wouldn't tell me. Yeah, it's a $124,000 you've made today. Almost there. Yeah, that's good. That's good. I am so happy to have you on. You have no idea because I've been watching your channel for like 6 years since the very beginning. My man. You were one of the OG finance YouTubers before before anyone else. I I kid you it was you and I think pretty much Beat the Bush and then the big names of like Tai Lopez, Grant Cardone. That was it. Finance YouTube didn't even exist and you were making videos back then. Yeah. And you were one of the first channels that I came across. Thank you, man. I appreciate that. Yeah, like I would watch your videos and I didn't even know there was an audience for this, but I think at the time you maybe had like 10 10,000 subscribers. You're like You were just You were just starting off and I looked at your channel. I remember thinking like if you could be getting a few thousand views a video, I at least knew that I could 100 views a video. Something like that. So Now you're crushing it, man. Thank you. Thank you, man. And congratulations, you just hit a million subscribers on YouTube. you. Thank you. Thank you. like you've grown quite a business from this as well. Yeah. You've expanded from real estate doing this as well. Yeah. Investing on the side. So first off, I want to know your entire Like how did you start making YouTube videos and at what point did you start investing in real estate? You know what? So many I'm going to I'm going to let you take away. Uh I'm just like you have no idea cuz I Again, I've been watching your channel for something like that. It's I appreciate it, Graham. It's It's nice to be here with you. Nice to finally meet you after years of talking and and finally connecting. I didn't I didn't know that we were going to connect in Vegas, but I'm glad we were able to make it happen. Uh I started Minority Mindset actually on accident. Um I was working on a different business at the time. I was in law school. I got scammed during this other business that I was running. And I was like, this sucks. I didn't grow up with any sort of financial education. I never grew up learning about investing, never grew up learning about money management, never grew up learning about wealth, never grew up learning about entrepreneurship. And now here I am trying to figure out this whole entrepreneurship side of thing. I'm seeing success. I'm investing my money. Now I get scammed. And I'm like, "God damn it." Like this What was the scam? Yeah, we got to know about that. to know about that scam. Okay, so how did they scam you? I was working on this sock company and we were getting ready to launch. And uh this company comes up to me. They're like, "All right, we're going to guarantee you all these sales, blah blah blah. Just pay us this money and it's a 100% money back guarantee." Now I I I I'm kind of uh like I don't really trust everyone that comes to me and says that, but he was like, "It's a 100% money back guarantee. If you're not 100% satisfied, I'll give you all your money back." So I okay. I gave him the money. And the next day uh I I just like I was like I wanted to do the marketing myself. I'm a marketing guy, right? So I was doing the chest flies and I was like something doesn't feel right. So I called him up. I was like, "Hey, you know, I don't want to go through with this." And he was like, "Okay, no problem." Puts me on hold. Stayed on hold. Now I'm getting irritated cuz I'm like my workout's getting screwed up. So I'm waiting I'm waiting I'm waiting and then it just goes beep. And I was like, "What?" So I called up his other number. No answer. And that's when I found I got scammed. I didn't hear from them again. Um they took the money and they ran. And so now I launched the business. We had a very successful launch. I think we did like uh you know, I was 21 22,000 dollars in pre-orders in the first few weeks. Wow. So it was a great launch. But I was still like I had that in the back of my mind. I was like, "This sucks, man." Uh getting these type This type of people out there that are just like discouraging you from trying to start something. So I went on to Udemy and I created a class on how to launch a business without getting screwed over. And it was under the alias Minority Mindset. The whole idea meaning you had to think different than the majority of people. I think I charged like seven bucks for it. I wasn't really trying to make money. It was just like I was so irritated. And that class got a lot of love and everyone was like, "You need to start an Instagram page." Okay, so I started an Instagram page talking about the same stuff, entrepreneurship, financial education, and everyone was like, "Dude, your content's good. Can you please start a blog? Like deeper content." I was like, "English is my second language. You're not going to like my writing. So, no, I can't start a blog, but I'll make videos. I I like talking." So, I just made a YouTube channel under the name Minority Mindset. And I just started putting out videos here and there. And it was like I didn't know what I was doing. It was just for fun as a hobby. And I remember a few months into it, one of my buddies was like, "Hey man, how much money are you making off of YouTube?" I was like, "What are you talking about?" He's like, "From your ads. Like, aren't you making money?" I was like, "No." He's like, "You know, you can turn monetization on." So, he goes on to my channel with me, shows me that I can turn monetization on on my channel. I was like, "Oh, I was just doing this for fun. I didn't even know that I could make money doing this." So, it started off as a hobby and now Minority Mindset has grown into something a whole lot bigger, into a full business. And it's just kind of crazy that it started off as a hobby. I never expected to be making videos. Never expected to be in the financial education space, but here we are, now one of the fastest growing financial education and media companies. So, I'm so curious. Uh when you started the sock company, for how old were you? Did you go to high school? Did you go to college? Did you think you were going to Did you want to sell socks? Was that a a goal? No. Like 10 years old, be like, "I'm going to be the best sock seller." Yeah, no. So, I was I was always an entrepreneur, and I started a lot of different businesses, but I never had any sort of traditional business education. And so, the way I learned was by starting businesses, trying, and failing. So, like my first real business was when I was in college. I went into college Let Let me go back a little bit. I was in high school. Uh I used to work at Indian weddings. And um the DJs were like, "Hey, how about we start hosting teen parties?" I was like, "Okay." And now, my parents don't like me doing anything that's not medical-related cuz they're like, "You have to become a doctor." So, now I'm hosting these teen parties as a junior and senior in high school, kind of as a hobby, making a little bit of money. And I was like, "Oh, you know, this is this is fun, but now I got to go to college. Let me settle down, go become a doctor, and really just focus on the things that are going to make me really successful in life, being a doctor." Go to college, and I had no idea what to expect. My parents did not go to university here, and I didn't really know anyone that went to college here. So, I don't know what college was like in America. I assumed everybody goes to college to study. People spend Friday nights in the chemistry lab studying. Go to college, and everybody everybody's around me partying, blowing the money that they don't have. Florida State. Yeah. I was at the University of Michigan, and it was nuts, and I couldn't believe it. I was like, "Well, I don't party. I don't drink. But, I need something to do on Friday nights." So, I was like, "Instead of me, you know, just trying to waste my time, how about I start hosting the parties that the majority of people are going to?" So, that's what I did. I was a freshman. I was 17 years old. Start knocking on doors at every club, venue, bar, restaurant, you name it, on campus. And some of them would say, "Yeah, you can host a party here, but pay me $10,000." I was like, "Shoot, I don't got $10,000." Uh but, some of them would say, "Yeah, you can host a party here. Just give us half of the revenue you generate, half of the cover charge." I was like, "All right." So, now I'm in business. 17, I started hosting these college parties, and that grew when I was in college to uh essentially become a full entertainment company. We were hosting parties, concerts, shows. We had events every week. I was contracted by the biggest venue on campus to host our uh college nights every week. And so, that was growing, and that was how I had the cash to start investing in real estate. Started investing in real estate when I was 19. And uh that was when now towards the end of college, I was like, "Oh, no. I don't want to be a doctor anymore. Now what?" How much were you making then? Well, uh I was making probably on average two grand an event. And Wow. And uh you know, at least one event a week. That's insane. What? My biggest event made me probably generated right around 16 grand. No way. Yeah. Yeah, man, I was in college. How did you get so many people to show up? Uh man, you it's marketing, right? So, I was I I So, with the first thing that I would do is all kind of just how do you now get people to know about the event and get excited? So, the first thing we would do is we would start promoting on Facebook. This is before, you know, Instagram was popular and all this. Facebook used to be the thing. Wait a second. I remember I I haven't used Facebook in a while. I remember get you would go to the uh the the event. yes. Wow, and you could you could invite other people to the ev- Oh my I I forgot that. Now you know the business behind it. That was a major thing I remember for me in high school because it's like I remember like the the best parties. I wasn't a partier in high school, but you'd want to get invited to these certain parties, and they would all do it through Facebook. And it was like you had to get the invite, and sometimes it'd be like, "Yo, man, could you invite me to that thing?" And they'd have to go on theirs and like click the invite. Cuz then you'd be in the chat. People don't do that anymore, but Facebook was huge for that. Yeah. It was huge. So, what we would do with the first thing is we would go if the event was in September, we would look at all of our friends' birthdays in September cuz Facebook tells you this. And then message each and every one, "Hey, it's your birthday month. What we're going to do is we're going to give you free VIP access into our party. Doesn't cost me anything. Uh but we want to celebrate with you. We're going to give you a shout-out. So, the DJ's going to announce your name have and say happy birthday to you at the party." They're going to say, "Okay." Now, if they come to celebrate at the party, they get to come in for free, but no one comes to celebrate alone. So, they're going to bring all their friends. So, then what would I would do is I would get kind of promoters at every major campus around us. So, these promoters were popular kids, and all they wanted was free access into the party because if you came in as a VIP, you would get a lanyard. That would cost me like $3. So, I'd give you a $3 lanyard. You get to come in for free. Doesn't cost me anything. But now what you're going to do is I'm going to give you a stack of flyers, and you're going to tell all your friends because, you know, you're that person, and you want to be that cool person. And so they would start telling all their friends to start coming to the parties. So now we got like these essentially sales people, these agents in different universities promoting and then I would spend $100. It used to cost me $100 to print 5,000 flyers for the party. And before the event it was a requirement that we had to get rid of all 5,000 of these flyers. So everywhere, I mean, we would post these flyers everywhere. And so it's just word of mouth, getting things getting people excited, coming up with different things, different ideas, partnering with different organizations and and yeah, man. I mean, it was just it was just a matter of being creative. Just like anything else. But first, I want to thank our sponsor. Alex, I do the intro to the sponsors. How many times do I have to tell you? Dude, but it's Coinbase. Coinbase is our sponsor? Yes. Oh my Thanks, Coinbase. Coinbase offers a trusted and very easy to use platform to buy, sell, and spend cryptocurrency. They support the most popular digital currencies on the market and make them accessible to everyone. And for a limited time, new users who sign up get $10 in free Bitcoin. That's right, $10 in free Bitcoin. All you got to do is go to coinbase.com/ich. And it's for a limited time, so be sure to do it today. That's coinbase.com/ich. Thank you so much, Coinbase, for sponsoring this episode and back to the podcast. Could there have been any liability issue? Like if your parties get a little too crazy or anything like a bouncer every night. Yeah. I was a bouncer every day. So it was it was I mean, look, I'm going to tell you I'll be completely straight up, it was dangerous. And that's one of the reasons why I got out because the first party I did, there was an issue with there was some beef going on between some people that came and and me and my DJ friend, someone pulled a gun. No way. Or and so, you know, we had to get out of there. Um every night I was a bouncer. I I, you know, I had got into a lot of kind of altercations. Um I didn't really No one didn't like me. I was I was able to get along with everybody, but there's people that didn't like each other. So, I had to, you know, kind of separate that. And I I mean, just to kind of put it in perspective, uh you know, I went to a club one day uh to go talk to the owner cuz we were doing an event soon. I was like, you know, "Where's Where's this guy?" And he's like, "Oh, he got stabbed last night. So, you know, I'm I'm in place for him." I was like, "Oh." Wow. So, that was one of the things that we always kept a knife on us um at the DJ booth. So, it it was a it was a rough business, man. Like, it wasn't easy. But, for me, like, I'm just getting started. It was a hustle, and that was kind of what set and and I knew I did not want to be in this business anymore. I mean, I I didn't like the partying. I didn't like the drinking. I didn't like the environment. But, for me, it was like, I'm making money for the first time. And it it it taught me a lot, and it gave me the education, taught me how to speak with people. And that kind of set me up for a whole lot of other things, but yeah, I mean, in terms of like liabilities, you know, I'm an attorney now. And I I I shake my head because it's like, dude, like, the dumb things that I did, like, I am so fortunate that, like, you know, things worked out. And yeah, I mean, it's it's unfortunate, you know, when people get too intoxicated, they do some dumb things, and it's just I don't like that industry, which is why I got as far away from it as possible. I don't like it. But, it was it was kind of like the only thing that I knew, and that's how I started. But, six figures in college, doing that as a side gig while studying, is just it's I was working a lot, man. Yeah, no kidding. How many hours were you putting into that? A lot, man. Let me put it in perspective. Like, Fridays, if I had an event on a Friday, my class all day, I'd be planning the event. So, from morning to evening, you know, I mean, I'm just working. Party starts at 10:00 p.m. So, 8:00 p.m., I'm going to go to the venue, and start setting up. Party starts at 10:00. I'm there till 2:00. After 2:00, that's when everything gets uh kind of torn down, make sure everything is okay. And then, 3:00, 3:30, I got to make sure the DJs get paid, everyone gets paid. 3:00, 3:30, we leave. Probably get some food. Go to sleep around 4:00, 4:30 in the morning. Wow. And then, the next morning, Saturday, and I'm working in the wedding business. People get married on Saturdays. So then I got to be setting up early in the morning. So I got to be at the venue probably 8:00 a.m. to start setting up. And I'm at the venue until midnight because you got to set up, go through the entire event, make sure the event is all good. Midnight you're done. Now you tear down. And then now you go home, you know, 1:00 2:00 a.m., which is now Sunday morning. Wake up the next morning, start studying, and start the next week, start planning for the next week. So I mean I wasn't sleeping much, but it was you know it's that hustle you got to be willing to put in that I put in and that that was kind of like how I learned, how I started, and then it built kind of the whole foundation for everything else. So it's it's kind of weird that, you know, I never thought that this event planning thing would have ever become anything, but it was it was a lot of education that I got out of it. Yeah, for the work ethic though, were you always like that or did you have an example of like your your parents worked really hard so you kind of took after that or did So my parents came to this country with very little. My dad came to this country with less than a hundred dollars, didn't know the language, didn't really know the people, didn't know the culture. So he had to bust his butt. And he always told me, you know, I didn't spend a lot of time with my parents when I was growing up because they were always working. And my dad always told me there's no such thing as a sick day. If you take a sick day, you're not working. You're not working, you're not getting paid. You don't get paid, you don't got money to eat. So that Jack. You told me that. Yeah. Mr. Vacation in Maui next weekend. Yeah. Jeez. So yeah, I mean kind of I I I saw that and that hustle. I always wanted to give back to my parents. I wanted to give back to my family. Cool. And even my grandparents. My grandparents were refugees. Um my family's from a state in India called Punjab. And 1947, my grandparents were on the left side, the west side of Punjab. And the state of Punjab was severed by the government. And what they said was if you're a Sikh, a person of my religion, and you're on the west side of Punjab, you got to migrate east or you're going to be killed. And so my grandparents picked up and they ran. My grandfather, all he had was a shirt on his back and in his hand. They they saw a lot of looting looting they saw a lot of riding. He got attacked by a mob. He saw his uncle get his head chopped open right ahead of him. And yeah so they put him on a horse came to the other side of India now didn't even have shoes on his feet. He lost his shoes along the way. And now had to start up from scratch. So then you know I I grew up with my parents and my grandparents. They lived with me so like they kind of always told me this. The things that they had to go through I saw what my parents had to go through. I didn't grow up poor or broke or anything like that but I saw the meaning of hard work and so I didn't really know what I wanted to do but I knew I was going to be willing to work hard to get it because I didn't have that sort of you know business background but I was willing to work to learn it. And so that was kind of the foundation and then when I got to college my my buddy of mine a DJ friend of mine he gave me a audio audio CD by Eric Thomas a motivational speaker. And man I used to listen to the thing every day. And that was like okay I got to work hard. And then once you start working hard you start to see more opportunities then you start to realize okay how do I work smart? You got to know how to do do both that we can get the best results out of your hard work. But you must have like like how did you learn about the financial education because you said you bought your first rental property at 19? Yeah so this was at the bottom of the 2008 crash you probably remember. Yeah and so so I'm guessing this is from your your working through college right? Yep yep so I had some money put away and I'm in Michigan. And Michigan was hit hard. GM Chrysler and Ford are the biggest employers and they were back then. GM went bankrupt Chrysler went bankrupt Ford is on the verge of bankruptcy so Michigan was hit hard. I had no idea what was going on. I didn't know any real estate investors I didn't know what real estate investing was. Started reading business books money books and every book said wealthy people invest in real estate. I don't know what that meant but I was like okay this sounds cool let me do that too. So now here I am I'm 19 I'm studying for the medical college admission test the MCAT. And you know, I read these books about real estate and every time I take a break I go on to Yahoo Finance and the top articles are always real estate market is at rock bottom. I was like, okay, so what do I do about this? I was like, you know, I want to do something. So I told my dad, I was like, "Dad, I want to start investing in real estate." He was like, "You're stupid. Go study. Become a doctor." You know, he didn't have any financial education. They wanted the best for me. And I was like, you know, but I want to do this. So I started calling up different people, agents, and I was like, okay, I want to start looking at real estate. And I found this condo on sale, a 1,000 square foot condo, one bedroom, one bath in a great location next to a lot of stores, a lot of businesses nearby. And it was on sale for $8,400. And I was like, oh, I don't know anything better. I looked at some of the properties, a $30,000 home, a $40,000 home. Like it it wasn't anything out of the ordinary. So I saw it, I was like, okay, this is pretty good. Doesn't need a lot of work. Um I put an offer for 4,000. And we started settling. They came down to seven. And then they said, uh there's a bidding there's another offer on the table. I was like, okay, well, I don't want to lose this property. So I made an offer for eight. I was like, I'll give you a little bit more. Kind of negotiated and they accepted. So I bought the condo for eight, put in a few thousand dollars worth of work, and I rented it out for 600. And now all of a sudden I'm I'm in business. I'm like, wait. What is this? This This is passive income? Like I It took me a while to understand like the hang of things. I went through a lot of crap. But once I got the hang of it, I was like, wait, I'm making like a little bit of money here and I don't got to really do anything. Like it's it's like I own the asset, the asset's paying me. Why was I never taught this? Why did our schools never teach us about investing? I I mean, I went through I was a good kid in school. I I I bust my butt. I checked all the boxes, but I never learned a thing about passive income. I never learned a thing about investing. I never learned a thing about wealth. I never learned a thing about financial freedom. Why What the heck am I doing in school? And everyone says, "Oh, you don't got to worry about money. Money doesn't matter. Don't don't don't don't think about the money. Just do follow your passion. If money doesn't matter, then tell your boss not to pay you. Right? Like I mean it has some like the reason why you're going to school is to become successful that way you can be financially free. And the way for you to really not worry about money is if you're wealthy, that you don't really care about money cuz then you know, you've already become wealthy. And so that's kind of the real disconnect that made me really upset. And I was like, this is something's wrong here. There's a reason why so many people are broke. There's a reason why so many people are struggling with their money. It's because we we are insecure about our money. We don't want to talk about it. And then we put on smoke screens. Don't worry about money. Don't talk about money. But I'm saying let's let's change that. How about we start talking about money? Let's get financially educated. And let's see how now we can take care of ourselves, we can take care of our our our families and our community by becoming wealthy ourselves. Because if you understand money, you can do a whole lot more. And you don't got to have all that sort of stress. Now I agree, money isn't everything. It's one part of our lives. But if you don't have money, it can really impact the rest of your life. Right. So that's where it's like, you know, uh that whole financial education importance really started hitting me there because I was like, this is so screwed up. But first, I want to thank Ladder for sponsoring this episode of the podcast. All the recent holiday festivities and getting to spend time with my friends and family, it really reminded me of how fragile life really is. Plus with the rising cost of living and buying a house soon, I really don't want to leave my partner with a huge financial burden. 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But at the same time, the government's saying it's our number one asset. It is the thing that is funding so many government operations. And now they're saying it's a problem. Like, it just doesn't make sense. And that's when I was like, you have to start doing your own education, and you need to start thinking outside of the box, right? That that idea of thinking differently than the majority of people. And that's when I really started kind of going out of my way to learn things that the majority people don't talk about, that we're not told to think about. Kudos to you, man, for going on your own and finding a rental property without any like influence of your parents or anything at the age of 19 while going to school, studying probably full-time, while working and doing this insane like business that you're doing on the side throwing parties. That's actually that's that's amazing. And also, that seven or eight thousand dollar house, what was your like monthly mortgage payment on that? Like 60 bucks? Cash. Out of cash. Yeah. You wouldn't be getting a mortgage. Mortgage on They would actually I talked to the bank. I talked cuz I called up a bank. I was like, "I want to get a mortgage." They come and see the home. 8,000. They were like, Yeah. We What they told me, I remember, they were like, "We can't give you a mortgage on a home unless it's at least 30 grand." And I was like, Okay, Jack, consider this. Let's say eight grand. Let's put down a thousand dollars. And then on seven thousand dollars, let's just say this. You could pay a five hundred dollar appraisal. Uh he's going to pay a five hundred bucks to the title company. He's going to pay so much money on the back end. Uh I would say your expenses would be like twenty-five hundred dollars just to close on a seven thousand dollar mortgage. I I overlooked that. Yeah. That's So so you were basically making what, six hundred dollars a month you said? I rented it out for six hundred and half of that was was profit. You know what's crazy? I I remember back then in Detroit, they were giving away the the the famous one dollar homes. Yeah. And you could buy a home for a dollar. And believe it or not, they had such a difficult time even with that because people didn't want to fix up the home. So the stipulation was that you could buy a home for a dollar, but you had five years to fix it up. And it usually it's gosh, I'm guessing it needed between probably ten and twenty-five thousand dollars to At least. At least. Right. A lot of them were actually just just full demolitions. You had to break down the home for it to be worth anything. Yeah. And that's what people were like, It's not worth it. Yeah, these these houses had like no copper piping. There were no fixtures. It was basically just uh a shell of a house, basically. Just the walls and a foundation that was probably cracked. But uh yeah, a dollar to buy a house. You'd be all in like thirty-five grand. That's amazing. And what do you think those like dollar homes would be worth now? Well, I bought I bought a lot of a number of homes. I So I started buying a number. And like I'll put it in perspective. I took my mom on a some some of these uh rental property tours and uh these were $5,000 homes and my mom was like, "Oh my god, it's disgusting. Don't buy this home." And those homes that were five are probably worth close to 100 now. Yeah. Uh they probably needed like 15 worth of work, 10, 15. Like it was like a broken carpet, I mean like dirty carpet, ugly walls, but yeah, I mean a lot of the homes that I bought then are worth five to 10x what I bought them for, which is just I mean it's insane like cuz I didn't really know what I was doing. I was fortunate regarding the time like when I started buying. But like yeah, I made a ton of mistakes. I I made a lot of screw-ups, but you know, that's how you learn. Detroit was one of the areas that was so hard hit. It was the hardest hit, I think, anywhere in the US. I think Florida, I think Miami was like the other the other place, but but Detroit was the hardest hit area in the US. And I remember back then that a lot of people thought Detroit would never come back. Because they thought, well, if if Ford goes out of business, these car companies like they like that's that was the entire job market basically just was decimated. Yeah. And they're thinking, who's ever going to come to Detroit anymore? What's what's the what's the appeal? It's got It went It got so bad. And properties were were foreclosed on for year like at five years. Yeah. Um and we're just in such disrepair that people were like even six years went bankrupt. Yeah. Detroit went bankrupt. It was nuts, man. I mean and it's it's unfortunate all the the stuff that people went through, the things that the the people of Detroit, all the crap that they went through, the school system still is going through a lot of problems. I mean Even even your dad. So, I visited with Kevin I think it was three years ago and even then, I mean there's there's there's some parts that just have not recovered. Yeah. It was a a proper house fire. Yes. That someone lit on their own, right? Multiple houses. So, we went to Well, we were driving down the freeway and we literally see this like few mass smoke that's piling up and Kevin's like, "Should we go see what that is?" And so, we drive down there and sure enough it's this house that's on fire. Like and I'd never seen a house on fire before where like there's actually flames like coming out of the roof and everything. And it's nuts. And we got there before the the like the fire truck or anything got there. And so we're so Kevin's talking to the neighbors. I'm like, you know, we just watch from the car, see what's going on. Now this is an empty house by the way. So this is not like someone's house that was burned down. It was in this community of maybe 100 maybe 100 houses and I want to say probably 80% of them were vacant. Well, yeah. Nobody there. But sure enough Kevin starts talking to people and they say, "Oh yeah, I know this is another one. This day we have someone someone around here who's bored and they go and just burn down these houses." And so we're like, "What?" It's like that that's their that's their So anyway, so we this house is burning down. And meanwhile a house like I don't know five houses away starts going up in flames as well. I'm like, "What is this?" all happening? Oh my god. It's all on on video. It's all on video. And so then the fire truck gets there. They're putting out this house. The other house starts going up in flames. So then they're like they call for more and they start going the other house. And then about 30 minutes later another house burns down. And again, they're all vacant houses and they're all in disrepair. So then Kevin starts talking to the people and they say, "Yeah, it's it's probably someone who's watching right now because this seems to be a common occurrence where people will be bored, they'll burn down a house and then they'll watch the the fire get put out basically." Now I'm looking at some of these houses and think, "Well, you know, for the for the owner if they have insurance on the house, I mean they'll they'll be able to rebuild it." And a lot of these I think were at the point where it would be hard to salvage probably. So they'd have to be torn down and so forth. actually a common problem where people would their homes would get burned down for the insurance claim. It was a big problem because that's the only people were able to get money in some instances and and people were doing it and it became a huge scandal and it was it was a big thing, man. It was horrible. Yeah. So I wouldn't be surprised because uh thing is like it would cost to to rebuild a house like that like 250 grand, maybe $300,000. But a house in the area would sell for 35. So, it doesn't make You're building a $300,000 home in an area that's worth 50 max brand new. Doesn't make sense. So, what do you do? You're paying property taxes on a on a on a basically an empty parcel of land you can't do anything with. You can't sell it. You have a mortgage on it. Are you going to claim bankruptcy? So, I wouldn't be surprised if the property taxes are What are they? They're like I bought a home in Detroit one time. I think I paid 30 for it, 30 grand. And my property taxes were $3,500 a year. Wow. Because so nobody was paying property taxes. And so the if you were especially if you were an investor, so I made a Well, I don't know if I made a mistake. I did the right thing. I registered my property as an investment as a rental property. And everybody Everybody told me don't do that. They're like nobody checks, nobody cares. I'm like I don't like to play these games. I like to do things the right way. So, I filed it as a a rental property and then they jack up your your taxes Makes sense. I mean 10%. I mean I don't even know how much it was. A lot. But but in general, property taxes in Detroit are a lot because a lot of people were not paying. And so it I mean it was it was expensive. Uh but you know, it it was Detroit's been through a lot of hardship. But the people of Detroit are tough, man. They are. The sense of community there was so strong unlike any other area. Like LA. Yeah, LA people close off the drive like I didn't really know any of my neighbors This is like that's the way it is. But Detroit like everyone knows each other. Uh there's a strong sense of community. The neighbors actually hang out. They they look over each other. It's it's it's pretty cool. Yeah, man. Detroit hustles hard. Yeah, they do. What was it like going through the 2008 recession in Detroit? Like what did you see in your own personal life? How was how things were affected? personally like I was young. I was in high school until 2009. So, I didn't really know what was going on because I wasn't even into finance until after, right? So, like '08, '09, like I remember people talked about stock market crash. I was like, "Whatever, I don't know what that is." I put a little bit of money into Ford because I liked Ford Mustangs and I couldn't get one. So, I I it was like it was the next best thing. Let me put a little bit of money into the Ford stock. And so, uh that was really all that I knew. I didn't I I didn't know too much of what was going on. I remember in college there was a big thing of people not being able to get jobs after cuz like the job market was horrible. So, like it was not uncommon for people to go to college, graduate, and then say "I'm unemployed." Like that was just like the common thing to do. So, that's what I remember. And you know, just the real estate market, like I remember like I I didn't know. I I didn't know what was normal and what was not. Like to me, a $30,000 home in a good area was like normal. I didn't seem like anything out of the ordinary because that's all I saw. And then when I saw homes go up to like 50 grand, I was like, "I don't want to buy that. That's too much money. That's too much money." And now those homes are like, you know, 150, but like it is like I didn't know what was going on. And you know, Michigan has really come back. Um it's even on the rental real estate side, man. Real estate properties have really gone up. Um not just in the 2020 2021 era, but like like after, like things have really established. Michigan businesses have really diversified. Things have really come back in Michigan. It's It's It's It's cool. And Detroit is sweet, man. Detroit is cool. Like it is a lot of cool things happening in Detroit. So, next time you're you're over there, hit me up, man. Oh, absolutely. We'll We'll go look at some real estate over there. It was fun. I I really enjoyed my visit there. Yeah, Detroit is cool. It's not Vegas, but it's cool. So, how many properties do you own now? Um something in the dozens. I got a lot Dozens? Yeah. But, um a mix of single-family homes. Mix of multi-family. I I did own a mixed-use. Uh which is like, you know, a mix of commercial real estate and then I was actually going to buy a a commercial office building for the first time last year, but then I I decided not to. I was going to I was going to have part of it be our office and then the other part would be other offices. But then you know, just office mortgages work very differently than residential mortgages. So I couldn't get a fixed rate for longer than 5 years. It was a 5-year and then they had to re re uh re-amortize re-adjust and I was like, oh I don't know like interest rates are going to go up. I don't know what's going to happen to the office market. Like if one of these tenants leave, I don't know how long it's going to take me to find another tenant. So that kind of just I don't know what was you know, the office chain market is changing. So I'm kind of focusing on the residential side. So apartments, single families and in Detroit. So I was talking to a different guy yesterday. And the Detroit market is Michigan market in general, not just Detroit, but the Michigan market Midwest market is different uh they're strong cash flow markets where you buy a property, let's say buy a home single family home for 150 grand. That home's going to rent up for 1,500. Easily. Um and and and so now you're you're going to profit if you buy the home cash half maybe more than half. Um and so it's strong cash flow. You don't see the same appreciation that you would see in some other places like maybe Vegas or Austin. Uh but you see strong cash flow and so it's a very different like the market the real estate investors in Michigan are very different than the real estate investors in like you know, the your hotter places in like Texas, Arizona, Vegas. Like people who are in those are looking for how much can I sell this property for in a few years. Whereas in Michigan they're saying, how much cash flow can I generate? So it's a very different game. Wouldn't there come a time like kind of soon after graduating where you'd have like five or six investment properties and you'd be making, you know, a solid like five grand or so per month? Yeah, but you know, it is it's I mean do you want to stop there and retire? I mean I'm like 22 years old and want to live on the beach for the rest of my life. Right. I'm just saying. I wanted to do something bigger and you know and and I enjoy entrepreneurship, right? It's not just for money. It's really like I like entrepreneurship because entrepreneurs are in the business of solving problems. I like the idea of solving problems. I love working with entrepreneurs. And I just love that mentality of entrepreneurship. So like that's why I'm investing in entrepreneurs now. It's like something that I enjoy doing. So for me entrepreneurship is more than just like, you know, how much money can I make? Because it's how do I solve a problem? I mean I love the idea of just talking business and networking and and coming up with business ideas and trying to take a product that solves a problem to market and doing all that. So I enjoy it. And I I like having the fun. It's like one of the things that I talk about is retirement is stupid. The traditional concept of retirement I'm going to work a job for 45 years just so I can ultimately quit and sit on my butt for the rest of my life. It doesn't make any sense. And that's why people say those who retire early die early. Because when you sit on your butt when you're 65 years old and do nothing, you have no purpose, you know, you feel miserable. So I I love entrepreneurship and I I work a lot but like I don't think I would change what I do. Like this is what I want to do for the rest of my life because I love entrepreneurship. I love working with entrepreneurs. I I I just enjoy it. So that's what I would do. I mean that's why, you know, you never stop. Yeah. So you started the channel then. So first of all, getting a getting a law degree, how difficult was that? That is hard as building a YouTube channel. And taking the passing the passing the bar exam and everything. Did you did you go like I passed the bar. I did everything. And you know, that was that was tough. Um but you know, the the difference between starting let's say a YouTube channel or a business than becoming an attorney is becoming an attorney it's it's you read a textbook, you analyze it and then you break it down, right? So it's like it's it's in a textbook. Now, you got to be able to think, but it it it's it's you if you read this and you understand this, you can answer the question. With business or YouTube, doesn't work like that. Like you could try something, it might not work. Like there's no you either do this or you you don't do this or you have to be creative. So, that's what makes um YouTube difficult is, you know, it it you have to be a lot more creative. You have to be willing to take risks. You have to be willing to try things. And if you don't have that ability to kind of try and that creative mindset, it's going to be much harder for you. Especially to build on YouTube. Got it. So, when you started monetizing on YouTube in the very beginning, how much were you making back then? Oh, man. I think it took me uh a year and almost a month when I got my first check cuz it took me a long time before I got to get to $100. First of all. Yeah, it took me a year and and uh almost a year let's just say a year and a half. And my first check was $2,400. Something around there. So, it took me a year and a half to make 2,400 bucks. Wow. And then at what point did you start saying that you're making enough on this to really spend time on it? Or were you just doing doing it for fun? It was still for fun. I was still working on other businesses. So, like this was just like something I was just doing. I was like, "Okay, whatever. I'm I'm making a little bit of money here." Cuz I mean, if I was an attorney, I'd be charging 250 an hour. Mhm. Uh you know, versus $2,500 over a year. So, I mean, I was just doing this kind of for fun. And then it was really the sock business was doing well. I was making good money. Um and we were working on a lot of different deals. But then uh we had a patent that was denied. And now I was like, "Okay, Patent. What what sort of patent? a water-resistant sock. How how could you can you patent make that? As well. Uh I was idea. How is nobody Seriously, how many times do you get your cuz getting your sock wet is probably the most annoying thing. Exactly. That's the worst. I I cuz cuz then I have to switch out my socks. There's no easy way to dry it. Yeah, exactly. I've stepped like sometimes like Bailey's water dish will kind of spill and I step on like a little bit and I'm It's the most annoying thing, right? Yeah. So, I got the idea I was taking a um a speech class in college and one of the classes was you need to pitch a product to the class. I was like that's easy. I love coming up with product ideas. I do this with my friends all the time. So, I put it off, I put it off, I put it off. One day I was late to class. And um I picked up my backpack and I started running and it was raining. And I stepped on a pothole on the way. My foot soaked. Got to class, my feet wet and I was like, "Oh man, like whatever. Like I'll just sit down." And the teacher's like, "Jaspreet, are you ready?" Like, "Ready for what?" She's like, "Today's your day to present." I was like, "Oh no, I forgot." So, I'm sitting in front of class I was like, "Jaspreet, think of something. Think of something. Anything." First thing that comes to my mind were my wet socks. So, I just pitched this idea of wet socks to the class. And um And I was like, "Well, that's kind of a cool idea. Why doesn't this exist?" Just like what you said. So, then I thought about it and I was like, "Well, this could potentially give me the scalability and all this other stuff that I was looking for." So, then um I started working at it and you know, I started looking learning about the sock industry. Started talking to sock manufacturers. And they had no idea about how to do that. So, then I started learning about the actual textiles. So, started talking to textile engineers and cotton producers. And how do we now produce this type of technology? Now, this waterproofing technology exists already. But it doesn't exist in it didn't exist in socks. So, I was like, "How about we integrate this waterproof technology into socks?" So, I was kind of working with textile engineers, sock manufacturers, trying to put this together. And that's essentially what we did. We we created a yarn that had this waterproof technology into it and then when you put on the sock, it would repel water. And so, it was doing really good. We were working with, you know, some schools. We're working with a lot of athletes. Working with a lot of different people. We actually um I was reached out to by a lot of venture capital people and one company was trying to get us in contact with Under Armour. But they were like, you know, we need to make sure you get a secured patent before I present this. And because like my goal wasn't to be in the sock business, I wanted to license the technology. And the whole business of selling it was just proof of concept that we now we can take this to bigger brands and say, "Hey, license this from us." And um then when the patent got denied because they're like, "It's not an original enough idea because the waterproofing exists, you're just putting it into socks." When the patent got denied, that's when I was like, "Okay, what do I want to do? Do I want to be in the, you know, business of just building a brand, building a sock company, or do I want to be in the business of, you know, doing something else?" So, Minority Mindset wasn't making any money, sock company was making good money, but I was like, "What do I do?" And so I was like, "Let me start putting a little bit more time into Minority Mindset because I love like the financial education side of things." Like this this is like fun. I I could do this all day and night long. You know, socks, yeah, I love the idea of building a business, but yeah, how how excited can you really be about socks? So, I started started spending more time in Minority Mindset and uh started to grow. This is probably around 1 or 200,000 subscribers. So, we're making a little bit of money. I don't remember how much, but a little bit. Um but I was like, you know, let me let me try to just just turn this into something else. So, that's when uh we started adding other things to it. Built the newsletter, built the blog, built other, you know, things around there. And that's kind of how we started. Isn't there a way to patent that sock idea though cuz I'm going back you're like, "You can't waterproof that." But couldn't you find a way to like waterproof a sock with a sole at the bottom of it that makes it not slippery and what like something like like you put like little rubber things that aren't there easy ways around patents? You know, patents are not easy to deal with. That's why patent attorneys cost a lot of money. But if you want to try it, man, go for it. I'll support you. That's what we have to do. Some mark cuz cuz I've seen but I've also seen the flip side where patents um are bit I Yeah, want to say patents are worthless, but then you have to spend money defending them because someone let's say you have like the rubber soles at the bottom and that gets patented. Some other company would be like, well, it's not rubber, it's this other material and because it's not exactly that, then technically we could do it. They're going to change one thing. They change one thing and then you have to sue them and then it's like a 50/50 if you even win. Is it worth defending now? So. So how much money were you making from your sock company right when you decided to spend more time into minority minds? remember exactly, but it was it was it was a good amount of money. It was in the six figures. I don't remember exactly what it was, but I was making pretty solid money. Like and I was a really young kid. I had no expenses. Net net or gross? that was taken away. So it it was good. That's good money though. Yeah, that's that's a lot. Even let's say 150. That's a significant amount of money to be like, "Nah, I'm not going to I don't want to sell socks." also had real estate and like he said, money isn't the end goal. It's the Well, that's what I was doing, right? I was taking the money and buying real estate. That's all I was doing. I I was living very small. I wasn't spending money. Yeah, but I wasn't All I was doing was buying real estate. I think it would be super fascinating if you could go over your income over time and how it's changed from certain like sources to other sources. Well, let's see. I go back to high school. In high school, I was working in the wedding business and when I first started, I used to charge $50 for an hour or whatever it was to me. I played drum called the doll. And um I I would charge $50 to do that and then I started working at Auntie Anne's Pretzels. I was making $5.45 an hour because I was under 18, so they were like, "Well, we can pay you less even though I was doing all the work." The manager would sit there, take the landline phone, go talk to someone else and I'm sitting here running the whole store making $5 and some change, but I was like, "Whatever, I learned." And then towards the you know, when I started college, uh I was probably charging 250 bucks to go work at weddings for an hour. If I worked the whole day, 600 bucks or So, 250 for like 1 or 2 hours and $600 for the whole day. Um and then was that? Was that like uh video stuff or I worked I worked um I helped the drum the drum and then I used to work with DJs so I would help them set up, help them tear down. I'd pretty much just kind of be their assistant. Right. Just making sure everything goes smoothly. Yeah, okay. So, I did that. Um and then I was running parties. Oh, the first event was a flop. I lost a lot of money on the first event. But then that started to grow. Um uh Towards the end of college is when it really started to ramp up. So, when I were talking, you know, a couple grand an event. And uh then got into wholesaling. Again, kind of starting over. So, now you know, a little bit of income from real estate but then you start wholesaling, wholesaling um and selling real estate. So, wholesaling didn't make me any money for a little while then it started making me um you know, you're another 10,000 something a month or something like that. You know, um something like that. And then uh from wholesaling uh again, now I'm just trying to buy more real estate. And then I had I Man, I I I got to like think about this. Which businesses that I did after what because I had an Amazon company when I was in college. I started a t-shirt company because uh this was like like pretty much my whole idea of entrepreneurship was whatever there's an opportunity try to solve that problem. What about throughout your YouTube channel? Because when you started you posted consistently. I think it's what twice a week? Uh yeah, I think I started twice a week to move to three. Now we're at five. Yep. Monday through Friday, right? Monday, Wednesday, Thursday, Friday, Sunday. So, I got a little break on Tuesday and Saturday. Okay. How is your business broken down on YouTube? Because I know you have the channel. Yep. You have the newsletter. Right. Uh what else is there that I'm missing? So, we have the channel. Yeah. We have the newsletter like you talked about. We have two different newsletters. We have like the daily breakdown of the um um, the market. So, every day, let's say it's Tuesday, you'll get a breakdown of what happened on Monday. And this is like a fun, witty newsletter you can read in like 5 minutes that will break down everything that you need to know in the market because no one wants to read Wall Street Journal, CNBC, Yahoo Finance, all that. So, it's a breakdown of all that. Then we have more of an educational newsletter. Uh, so we have these two newsletters that go out. Then we have our blog. Um, so our blog we we have like maybe a dozen or so writers right now. Um, these are people that write content daily for our website. Dozens of people. Yeah. And um, but most of them most of them are not full-time. These are like um, freelancers. Uh, we have our editors are full-time that are reviewing them, but most of the the writers are not full-time. Um, but they're writing articles. Um, so our website has content daily. Um, and then we have uh, obviously sponsorships, but then we have uh, we just launched an academy. We call it Market Insiders. So, it's like a weekly coaching for stocks and real estate. We plan on adding crypto soon. And it's super affordable. I mean, that was the main thing for me do you charge for that? $47 a month. How many people do you have in there? So, we're just started. We just finished up our beta um, and when we we launched it and I think within a month and some change we had just over 100 users uh, over 100 people that are in the program, but that was a brand new thing that we just started cuz we have some other education programs that we did. But I wanted to make something that was super affordable because those education programs were great. They were like for the business side. I mean, they were doing great, like multiple six figures, but like uh, it didn't provide me kind of the goal exactly that I was looking for because like even in business we see a lot more benefit when people have true coaching. Where it's like it's not just like give you a class, we give you consistent like every week you get access to more information. That way you have like checks and balances. Someone's making sure that you you know, you have someone to talk to and you keep getting that refresher of what's going on as opposed to you just it throwing it on you and you're doing it yourself. So, that's the whole idea behind Market Insiders where it's like learn how to invest in stocks from somebody who has six figures or seven figures where so we're talking hundreds of thousands if not millions of dollars in the market. Someone has been doing this for a long time and you can learn from them. And every week you get access to coaching, get access to your community. Uh we have our own Discord and you get a free class as soon as you join. And you get access to all the previous recordings and like it's like for me it's to make it a no-brainer where it's like if that's still not enough, try it for free. You have a free 10-day trial. Go through the entire program then you can see if it's right for you or not. And if if you hate it, just quit. I'm curious for the newsletter, what made you want to start a newsletter? Well, we had a financial education newsletter first where it was like kind of like just providing more education, more in-depth stuff. And then um I started to see more opportunity on the financial newsletter meaning like the market briefs we call it um um our market breakdown what we do. We started to see opportunity there because a lot of other newsletters started to kind of get some traction. So there were things like, you know, Morning Brew, The Hustle, Finimize, so a lot of other things started popping up and we saw Robinhood Snacks doing this where like we should really have one for ourselves because you know, we're talking a lot on the financial side. about a year ago I think it was, right? is more than a year ago. More than a year ago. Yeah, yeah. So this is a little while ago. Um And so we started just just doing this as kind of like here's a way for you to learn about what's happening in the world without having to spend hours trying to decipher it in actually real time because let's say I'm making a video on it, it might take me a week just depending on if I'm not here or whatever's going on. Don't miss out. So that was the first thing that we did and we didn't have a way to monetize that because we don't really know what we're going to do. But then um started to realize that sponsors wanted to monetize the newsletter so you know, you get the the newsletter for free and then we work with sponsors to now put advertisements in it. How many uh users did you have to get in the newsletter to start getting sponsors like that? I think you can start getting sponsors at like 20,000 subscribers. I was speaking with uh the owner of Morning Brew. This is a while ago and it blew my mind just how uh first of all, how lean they ran the business but also just how smart they were and how strategic everything was. So I subscribed to Morning Brew because they reached out initially and wanted to do a sponsor and I figured well let me just sign up for them I'll start reading it and if I like it I'll move forward with the sponsorship. I loved it. I honestly and I opened every single email. It was good. And then I got in touch with Adam who's the owner and so we started talking and I'm asking him like and we talked for probably two hours. And like I was talking with him about the YouTube algorithm he was telling me about the Morning Brew algorithm and it's so genius. His open rates he was telling me is somewhere around 50 to it could be as low as 40 as high as 60% sometimes higher and to think that he they have you know millions of people subscribed to them and they have 50% of people opening their email everyday is wild and I didn't really well I don't know how much I should give away on here but anyway he his plan for for testing out titles and figuring out what people open is just it's incredible. They sold the company? Yeah. Not not I don't believe it was the entire thing but they sold a big chunk. they were valued at what 70 million? 75 million to Business Insider. I don't know what their split was or if if that I don't think it was a hundred I could be wrong. But uh so smart. Yeah yeah they did a great job. They did it right I mean because they were really one of the first movers in the market to really hit the financial market make it fun and so you know we we kind of we we learned a lot from them but then we made it a little bit different made it our own because the difference between something like Morning Brew and us is you know we have uh people have a lot of connection with me and Minority Mindset right they watch on YouTube so they're like oh we know Jaspreet. So now we the big thing is you know we have a big community aspect as well. So you know we have our own community on Discord called Guac Talk and so you know we have a real community in the sense where we bring people from Guac Talk onto to We bring stuff from our YouTube onto our newsletter. So, not only is it the market breakdown, but you also have like a breakdown of what's happening within the Minority Mindset community. Yeah. So, it's it's a little bit different in that sense where yeah, you have the financial breakdown, but you also have the community breakdown. Would you ever sell it? Uh we have no thoughts or or plans to sell it right now. Our goal is really just build a bigger community. It's different, right? Because Minority Mindset is a much more personalized brand. Yep. Um and so, you know, we don't have any intention to do that. Got it. Can you share how much the newsletter's making? Just the ballpark. Well, our I'll tell you this. Our break even, in order for us to break even on the newsletter right now, is right on eight grand. That's kind of our cost. A month? to or just a little bit more than eight grand. And we hit break even in um I think the first time we hit it was either late 2020 or early 2021. Wow, you ran this for a while without breaking even. Well, because, you know, it was just it was an investment, right? So, like, what do I do with the ad revenue? I can either just go buy, you know, a house, I can go buy a a car, I can go buy a car. GT. Buy a Ford GT or I can reinvest it back into the brand. So, we were putting it back into the Minority Mindset and uh now we're I mean, we're probably a couple of times that um at least Where are you investing now? Where does your money go today? Well, I invest my money in five places. Real estate, stocks, businesses, cryptocurrency, and then physical commodities like gold, physical gold. You buy gold? Physical gold. You How old are you? I'm 30. 30? I'm 30. You're the you're the youngest gold investor I think I've I've ever met before. man. For me, it's not like I'm not getting a yield on my gold. I'm not getting a return on it. It's just real money. And the way I look at it, it's a store of value. I mean, it it it it takes time, effort, and labor to mine gold. Um and it just sits there and looks backs at me. You know, it just it's not doing anything. But, I keep it as insurance. If case everything else goes wrong in the world, I got gold. What about treasuries? Well, that's why I own gold. You'd rather if you'd rather gold own gold than the treasure. But, why do I own gold? Because I'm worried about inflation. If we ever see hyperinflation, well, now what happens to treasuries? They're worthless. Well, I mean, gold really hasn't done that that much. Yeah, and I don't care what happens to gold. I don't care if it goes up or down. It's just real money, right? It's just like, would I rather save dollars in the bank or under my bed or would I rather keep gold under my mattress, right? I'd rather hold on to some physical gold. What's what's that in relation to the total portfolio? It's small. I'd say maybe like less I don't even think it's 10% right now, but it's it's pretty small. That's a lot. Yeah, even if you think it's 5% it's less. It's less than 10, but it's it's it's the smallest portion. But, that's just kind of like insurance. I put a little bit of money to to gold. I have I have like a passive thing where every month they have a little bit of money buying physical gold. And they just send you gold or do they hold it themselves? hold it in a vault. it's delivered fast to you than the Royal Canadian Mint money. Yeah, no, it just kind of accumulates in a vault and then when you have enough to buy a whole bar and then they can either ship it out to you or you can keep it in a vault. Oh, I see. So, you're buying it through them. They store it for you. Yes, but but you just it'll upgrade, so then you get a bar at some point. Yeah, I mean, I have physical gold, but yes, it's just it's in vaults. Like, I don't keep it under my mattress, but that'd be a little tough on my head. But, I have Yeah, that's what I do with that. And what about crypto? What are you What are you buying in crypto? So, I buy I passively buy in Bitcoin, Ethereum, and some of the other coins, but that's pretty much it. I have I think it's like five coins that I'm passively buying, and then, you know, when prices go down, I'll buy more. Yeah. I think crypto is the future. It's the people's movement of money. Mhm. Um, but I don't think it's going to go straight up. I think we're going to see ups and downs. It's very volatile. Yeah. Um, and so, you know, is there a lot of crap in crypto? Yeah, I think there's crap in crypto. I think there's a lot of bad coins. I think there's crap coins. But I think there's a lot of opportunity and future in crypto. And what percentage of your portfolio is that? just about to ask that. Great question. See, these percentages are tough the question cuz I don't really make a chart of my investments, but um You could just approximate. Yeah, I mean I so I'll tell you like every month so I have a passive investment. I talk about I do stocks and do crypto. My passive stocks and crypto is the same every month. And then but what I also do is I have a big chunk of my money in stable coins that are earning interest because like this is like the cash that's like waiting to be invested. Interesting, yeah. And so what I did was I just moved it cuz my bank is paying me, you know, 0.01% and then I also had a high interest savings account that I think that was paying me like, I don't know, half a percent. Like this is again nothing, right? Um but then um I was like, well, what do I do with the cash that I'm waiting to invest? Like I'm looking for opportunities to invest. Um and so this is the cash that I I then use to now buy stable coins which are now paying me, I don't know, 7, 8, 9%. That's insane. I would be tempted just to put like a million dollars in stable coins and just why invest it though at that point cuz it's like Exactly. The biggest risk for me is that like something like Tether, something might happen but do Tether. But there So what stable coin is your Well, I mean okay, if you want to do Tether, it's fine. I I I do a few just because exactly Tether has gone through the issues of of regulatory issues, you know, do they actually have enough dollars Right. to the relative the number of stable coins. So that's the first concern. I mean I I use the Gemini coin, um the USDC, um and I have I think one or two others, Paxos um Paxos and and all that, but so for me, yeah, it's kind of like diversification within the stable coins in that sense. Um because yeah, you're right, something could go wrong um and so with the stable coin. But then you have the issue of the counterparty risk if like, you know, the institution you're you're keeping your stable coins at, if they go down or if people don't, you know, let's say you see a massive crash and people don't pay the stable coins back, well, they're not FDIC insured. So, you know, you have that higher risk. And that's what you know, you said a million dollars, that's good. Don't put more than a million because a lot of accounts they they do a million dollar limit that you can withdraw in a week. So, it's like, okay, I know I am putting more than a million in there. I am just so terrified that like 7% sounds insane to me. That sounds really high. And I'm worried that that there's just not enough regulation to ensure that they're actually putting that money to good use. Yeah. And if something happens on that, it's gone. It's like Yeah, it's it's how long are you going to keep the money in there, too, right? I mean, for me, I don't plan on keeping this there for 10 years. No, but it's 10 Listen, it's it if I'm getting 8% on my money, I'm leaving it there. I mean, I'll leave enough there where it's like that's my safety fund, no matter what. But it's like in the back of my mind, It's just it's ta- yeah. You can also look at like the previous I always like kind of look at the historical like how long has this thing been here? And like a lot of the stable coins, if you remember the 2017-18 Bitcoin bubble crash, like Tether, that went from a dollar to 93 cents. So, it dropped by like 7-8% which you don't want to see that happen, but relative to the grand scheme of like what happened in the crypto market, it wasn't that bad. Now, it's like, okay, if let's assume that this can continue, uh then what's the next risk? It's are these accounts going to be around? Cuz that's the next concern is, right? These uh new institutions which allow you to earn interest, they haven't been around long enough to see a major downturn. So, it's like, who are they lend lending their money out to? Because some people are lending their money out to uh retail investors with and they're going to pay you a higher return. And others are going to lend it out to institutional investors. So, uh big corporations, credited accredited invest you know, institutions. So, it's like, okay, I'm okay not getting 11% because I want to get some seven, eight because I you know I I want to know who they're actually lending the money out to. So, is there risk? Absolutely, man. It's risky. I mean, the the things could go down, but it's like, you know, you you you want to put in that money where I I'm I don't plan on keeping it there forever. Um but I also I understand that hey, this is better than a savings account, right? I I don't just want to save my money. I want to buy investments. But this is money waiting to be invested. This is earning me something. So, usually we ask uh every guest, you don't have to answer this if you don't want to, but uh we want to know uh how much money you make. Well, I don't even know how much money I make, but it's in the millions. Um Uh I don't know exactly. Okay. Because I don't spend my money. I don't I don't I don't I don't live off of the money that I make. I invest it, and then uh I I don't live very big. But like if we have a ballpark, we're like in a say, you know, it's well, it's pretty big. It could be like 2 million bucks after Yeah, okay. So, the first time I made a million dollars Yeah. I think I took home 20,000. Oh, cuz it was you're running it through the business. I was reinvesting it. Reinvesting in real estate as well, which Yeah, so I mean, it's like it's Oh, yeah. I I see what your point. Yeah, well, reinvesting. Well, I don't think it counts if it's reinvested into it cuz I could say that like, you know, if if you make five, invested 4.9 in the market, yeah. off of? And I would say I'm living off of less than 150 grand a year. Okay. How much was that nice suit? Looks really nice. This was a gift, actually. My wife gave me this. Oh. Her Her and me got this. And that's right, too. You got married. I got married earlier this year. Congratulations. Yeah, I don't We don't see a ring. So, that was something you're in Vegas and uh not wearing a ring. Well, my wife is with me. I'm here with my wife in Vegas. She didn't want to come? She She was busy doing some other stuff. Um but uh yeah, you know, I actually I did I wore the wedding ring. I couldn't sleep. It was so weird having a ring on and like for real I couldn't sleep on it. And for me it's like it's also kind of goes into a cultural thing for me. It's like I we have this we have a couple of things like culturally versus religiously where like religiously it's like you don't need to have a physical representation to show your love for someone. And for me culturally it's I mean in that sense it's like, you know, I love my wife more than anything, you know, and and I don't need a ring to show her that. And she she believes me. She knows that. And honestly I I really don't care if I wear one or not. It doesn't really matter. It just was so uncomfortable to me. I like couldn't even sleep. I was like it was just feeling weird. That's the thing for me like I I I've never worn a ring and just the idea of ever like having the a ring is just weird. I like yeah, a watch is different, but like a ring, I don't know. Yeah, when I get married, I don't think I'm going to wear a ring. And Kelsey doesn't even wear around her engagement ring, so. Now, I'm curious. We'll get to that in a sec. As a finance guy, did you decide to do a pre-nup? If you if you feel comfortable talking about it, if not, we'll glance over it. Okay. I did not get a pre-nup. I'm pre-nup. I'm an attorney and I'm a finance guy. Now, every attorney's going to say, "Why did you not do that?" Well, I'll put it this way. My wife has put up with all my crap. She put up with, you know, me working my butt off. And you know, let's just talk worst case scenario, which obviously you hope never thing ever comes your way. We'll talk worst case scenario. She deserves half. For everything that she's done. Every financial person, every attorney is going to say, "Oh, you're stupid. You don't know what to do." You know, fine. It doesn't matter. And for me it's, you know, I You know, it's weird because like, you know, we talk about all this stuff and I come from a a unique cultural background where like, you know, we don't really talk about money. That's why I don't really talk about my personal finances much because I don't I don't I don't like showing it. It's just not the way I am, right? It's not my culture. It's not It's not who I am. Right. And even like with that, it's like, you know, I I the one of the things I hate doing is I hate arguing over money. Mhm. To me, that's like it's it's bad to your core. And so, I don't like arguing over money. I don't like fighting over money. I like educating about money so you can be free, so you can build wealth. But, I hate the idea of like that of tensions over money. I like doing things honestly, doing things ethically. Because like in my religion, right? I'll just talk about that because it is a big part of who I am. There's three core components. Nam Japo, Wan Shako, Kirat Karo. Nam Japo means remember God. Wan Shako means serve others before you serve yourself. Mhm. Kirat Karo means earn an honest living. And so, these things are all very important to me. Yeah. And that's kind of the way that I I live, which is why I don't like to I don't talk about, you know, how much money I make. I know it is going to seem weird. you did because it's it's really interesting for me to hear a different side of you talking about this because I think it's it's it not only is it very important for you, but I think also your your especially your long-time viewers would be so curious. And it just it it opens up another door that uh helps build that familiarity and and that connection with you. Absolutely. And you know, we talk about some of the things that we do in our business, Mhm. but, you know, it's like I come from a different background. Yeah. And I have a different personality. And so, you know, that's that's just the way I am. You know, I don't I don't whenever I talk about that type of stuff. Instead, you know, you can you can see some of the things that I'm doing. I'll talk about what I do with my money. I'll talk about how I invest it that way you can, you know, do that. But, I I don't like uh the idea of attracting somebody by showing money. You know what I mean? I don't I try to attract people by saying, "Hey, look, I got this money. Come follow watch me." I don't do that. Yeah. It's not me. And so, like when you talk about with a pre-nup, good question. You know, if I was advising somebody as an attorney, I'd advise people to get a pre-nup, right? Legally, it makes sense. Financially, it makes sense. Now, personally for me, culturally, no. I I I For me personally, it does not. And so, you know, I I I like to be honest with everything that I do in that sense. I'll tell you, "Hey, look, this might be better for some people. This is what I do." And I I will say I'll say what I do. Yeah. I have no problem being honest. I have no problem being completely transparent on that. But, it's just the way that I present myself. I do that very differently just because of where I come from. I appreciate that a lot. That's a great answer, honestly. An incredible answer, actually. Not only have you have have you not answered not answered, you've answered every single question that we've asked you, but you've you've answered it in such a great way. Yeah. Uh expand upon that because Yeah. you know, one of the things that this actually irritated me before. Yeah. Because I used to when I was trying to get media coverage, I would like pitch these ideas. And then the question that everyone would say is, "Sure, but instead of that idea that you have, how about we talk about how much money you're making?" And I turned down every single one. Every single time because every single headline, you I mean, you can name any media cover. It does. That's the thing. It works. you're right. You're 100% right. It does work. Every You name the media outlet. You can name it. Every single one has said it. "Let's do an article about how much money you're making as a YouTuber." Yeah. I've said no every single time. Every single time. Why? Free PR. But, but it's culturally? It's It's It's not me, man. It's not me. And And that's the thing is I don't I don't need it. I don't need to do it. Mhm. And that's I think that's one of the reasons people like me cuz they know that I'm authentic. Everything that I say, I'm very genuine and very honest. Um and everything I say is from my heart, right? I speak with passion. Yeah. And so, even with that, right? Like, I rejected every single one because I don't want to talk about it. I I I don't I don't talk like that. That's not That's not who I am. Except on the Ice Coffee podcast. I appreciate it, man. How about this? We're We're going to be finishing up here. Ask us questions. What questions do you have for us? So, final segment here. I also have one one final question, yeah. question. What is it about you Two questions, sorry. What is it about you You said one. I'm just kidding. Sorry. Two questions. What is it about you that you've used in all of these different business ventures that really like makes you successful with all like what is is it your character? Is it something about you? I think one well one working hard. I would say I I work really hard. And second, I think it's just creativity. Like one of our core values at the Minority Mindset is crazy is good. And by that meaning trying new things, trying something crazy. And willing to try things that you know the majority people won't. I think that that's worked well for us. All right. And then what's the what's the bracelet? So this again this is another religious bracelet. It's called a kada. So this every Sikh wears it one to identify their Sikhs, but it it's a you put it on your dominant hand as a reminder to do good. So before I do something bad, you know, if you do it with my dominant hand supposed to remind me. Wow. Wow. Yeah. Do good. What what watch is that? This one is Shinola, a Detroit brand. So repping the city. That's cool. Nice. Give us some questions if if you have any. Yeah, let's do it. If you have any. What's the future? What's the future of of of Graham Stephan? I don't know. I have no clue. I look I look up to Dave Ramsey, Dr. Phil, Judge Judy, Joe Rogan. So those people I look I really like their careers. Judge Judy I would say and Dave Ramsey are probably my favorites just because they've had good longevity. Family friendly, everyone could watch them. I like them. So I have no idea. So the next step for me is having Alex edit the main channel videos. So I can't think of anything else. I literally my my When when is enough? What do you mean? When's enough? Like when when when are you like It's never enough. I love it. No no no no no. I like that answer. No no no. I have so much fun. Like like I've been trying to get ahead so I'm I've taken the first vacation in in like 5 years like real vacation. Uh, think it's for 4 days. And uh, I've been trying to work ahead, like to get ahead so that those 4 days I I have everything already done. And uh, I'm in the zone. Like I love it. Like it it's hard for me to scale back from that and I'm excited now about being able to get more done over these next few It's weird. So I I like it. I dig it. Yeah. I dig it. What's the most you've ever spent on clothes? On clothes? Well, Jack bought me the most expensive pair of shoes I ever have. Um, Jack got me a gift uh, There was a store that we went to and it's the family vlog, which is like our vlog channel. And there were a pair of shoes that Graham really liked. They were like absurdly expensive though, like like $600, I think they were. And Graham could not justify spending the money on it. And I remember like I saw them and I I like I sometimes I push Graham because if he sees something that he really wants, I'm like, "Dude, just go go ahead and do it." Like I know it's off brand. I know it makes you feel uncomfortable, but like if you really want something, you're at the point where like you've worked so hard, you deserve it, right? You've earned it. And uh, he didn't want to, but uh, it definitely I was like, "Dang, like I wish that he got those shoes." And I still thought about it. And then months later, like as a thank you for letting me stay at his place cuz I just got my own place, I got him the the pair of shoes. It's his most Yeah, this is my most expensive pair. he has expensive watches that he buys himself. watches I guess the accessories are investments. Those are investments. Uh, no no. So actually to answer your question, the most expensive piece of clothing I got was uh, it was like a $1,200 suit that I then spent I think another $400 tailoring it. So it was all in $1,600 on a suit that I wore uh, when I was a real estate agent. Do you have any advice for us? What could we be doing better? I wanted to ask you how much you work. Oh man, okay. to ask you that. I used to work a lot. Now I I mean I still work a lot. So now that I'm married, what I've done is I have taken chilled out a little bit. Um, I am taking some more time off on weekends. So I actually a lot of times the last few weekends I haven't even worked um, that much. I mean I'm still doing like emails and little other stuff on but like not really going into the office. Um, and then Monday through Friday now, I'm working probably 8:00 a.m. until 7:00 p.m. Okay. Something like that. But but you know, a lot of times that I'm not working, I am you know, I'm talking about work. So like I'm thinking about work a lot. Like that never goes away. If we're talking about just actual time in the office, you know, that that's kind of what it is. But you know, a lot of things that I do, I'm thinking about it. Like I like to go on a morning walk in the mornings. Um, an hour and a half in the mornings. It's like a 5-mile walk. Okay. Yeah, I love doing this before the sun comes up. So like I I I do like a little bit of meditation in the beginning. Then listen to audiobooks. Um, and so it's like just learning, right? I'm always learning, always listening, always kind of doing all that, absorbing content. But that's kind of the way that I do it. Love it. Thank you so much for coming on here. I really appreciate that. we're able to do this. Finally, after years. I know, years, literally. So. Thank you so I really appreciate that. Thank you. Nice meeting you. Thank you. That was great. Thank you. Thank you. Uh, what's going on? stock down below in the description. Sign up for Public. Oh, wow, it's 7:55. All right. What did you want