Confronting Grant Cardone on Fake Gurus, Scientology, and Going Broke

a person who has a million dollars for the most he's as close to broke as you can be your daughters would you want them to be happy no I want them to be productive the only thing worse than investing in a house is giving money to the bank and letting them have it people are being told a bunch of Lies buy a house and one day you're going to be fine invest in IR you're going to be fine and they said I'm going to be fine if I just do these things but we know that most Americans are living paycheck to paycheck the US dollar is likely to fail people know it yet they save it get a [ __ ] t-shirt I am broke and on the back and I am hustling Grant Cardone this is crazy so 2016 me would absolutely be losing it right now to be in a room doing an interview with you yeah well my pleasure thanks for having me here appreciate it thank you yeah do you remember Alex and Lea hosi yeah of course yeah I saw him the last time I saw him actually I was swimming where were we were we in Cabo on a boat yeah we were on Cabo on a boat uh Sabrina and I were on little ski and we pull up to this boat and Alex and his wife were on the back of the boat and they realized it's me in the water so it was a freak wow justo or France yeah Cabo That's crazy cuz Ila was telling me that she got Alex a gift for Christmas and she was saying he's such a difficult person to get a gift for because he could buy anything he wants he has everything so she's like what does exactly so she said it was 5 hours with you and I think she said she paid like 50,000 an hour no no it was for you to cons paid 100 25 or something and it wasn't 5 hours it was maybe 40 minutes 120 grand for 40 minutes is that like your going rate for that it goes to our foundation so it's not it's not you know it's a good cause but it's it's not he wanted to tap into what I was doing and understand hey what are you doing that works and and it paid off for him I mean I think that was two years ago three years ago gosh yeah so what does that work out to be a minute that is that's that's where his mind goes immediately what it is you need is one one minute to change your life I mean really you need one idea one and he's the kind of guy both of them those guys are they'll take something and turn it into into something you know to gold and they did so what do you notice about the type of person who's going to pay1 something thousand for an hour how do they come prepared for something like that do they ask you have questions yeah that's good number one you know somebody that pays that much is either a huge Fanboy right and a bit weird or they very very serious in the case those guys very serious you know committed to their career looking for some hacks and did they come with questions I think they did you know we send people like a list of questions that they could consider you know to get them ready some people actually say that I don't do a lot of this I do maybe two of these a month but some people say that the questions and the the flight over as they're coming because they're considering now dude how am I going to use this 60 Minutes you know even is beneficial to them because they're starting to really lock in on what is it they want to because you don't want to spend 100 Grand right but what kind of question and answer can be $100,000 worth of value that's what I'm wondering cuz can't they like do it for maybe like 10% the C like 10 grand like trying to negotiate you know what I mean like yeah but I'm not doing it for 10 grand so true that's a different that's a different audience a different gig a different pitch so like I'm not doing it so where do you think your experti like I could come to you guys and say look guys I'll give you 100 grand I don't I don't care what period of time I in less than 15 minutes tell me how to get my YouTube channel from 2 and a half million followers to 4.5 I do it for a lot less but Jack would do it for free yeah I do it for free good let's do it for free then man [ __ ] that's even better but where do you think your expertise is but I'll pay more attention if I pay 100 true that's that's a good point that's a very good point you know most people just never pay attention because they don't pay right where do you think your expertise is if someone's paying you that much for Consulting where is your experience in that depends business is it marketing is it sales is it real estate no I think it's all you know I I have I've been blessed to be to learn a lot about all those like you know in the beginning was a sales guy I mean in the very beginning was like how to get off of drugs the first time you go to a treatment center yeah like the failure rate there is about 78% I was one of those 22% that never went back never used drug in never relapsed so that was a that that's something I know how to do and that's all I do is I just share with people things that I've learned how to do sales I'm an excellent salesperson I could help any organization in the world not just double triple or quadruple but I believe 10x are sales because there's so many missed opportunities on marketing I mean I've done a decent job of marketing so only thing I ever share with anybody is like what what I did that works it's not like I'm a genius I'm like these things worked these things didn't MH you know and they never worked farse but these things worked and the mistakes we made in between those two uh the real estate I you know I bought a lot of Real Estate so uh I've never lost money in a real estate deal but I've made mistakes in real estate so what you learned from those uh I crowdfunded yeah yeah I well what I did was I didn't buy enough real estate that was the number one biggest mistake I mean I should have bought more real estate in all Cycles including this one that's going on uh but like I crowdfunded we crowdfunded a billion dollars over the internet I learned a lot about crowdfunding I didn't know how to do it I didn't even know what it was I didn't know what the term was what I'm curious you said that there's 78% failure rate out of those drug rehabs why did you succeed when most people don't like what was it I can't pinpoint like whatever other power it's a characteristic trait or something that you what I did was I when I got home that's what I'm saying other than God you know having something to do with it um when I came home I got rid of all my friends I didn't go back to the places that I went to I got rid of my girlfriend she was still a drug addict uh I went to three meetings every every day every single day in the morning at noon and at night I went to a meeting I I was either working on my work or I was working on helping somebody else and I did that for five years every single day how did you get into drugs where did that start introduce you yeah I was 15 or 16 years almost 16 years old and my dad had died six years earlier so I was already starting to have problems because I was drifting and school was very slow for me my uncles I was hoping somebody would come and Mentor me and um it's probably why I give so much time away today except Alex you know uh but I did give him time right so so um we I had three uncles and I'm like okay I know those guys are going to step in and help me they were busy they got their own lives and nobody stepped in and then and I was 16 years old and a drug dealer stepped in and said hey I'll help you I'll give you attention is what you need to learn and the next thing you know I'll go down the drug Road man it was nasty so for like nine nine and a half years I just went South and didn't plan on doing that yeah you know did it start with like one drug and then started started with weed weed is a gateway drug I 100% agree I agree and people in high school in middle school they used to clown on it and be like no weed not weed's not a gateway drug you're not just going to go from weed to cocaine it's like no no it 100% is a gateway drug you say it isn't you will be proven dead wrong and it's going to be sad dude alcohol is a gateway drug if you're around people that have drugs there's any mind altering anything is a gateway to that compromises your ability to make good decisions you know the moment you're like okay maybe it's not that big a deal I mean it does it didn't matter like people were like hey what was your drug of choice what what what drug do you have that's the drug a choice at this moment that like it didn't did it ever concern you at that point for like health or like this could kill me or was it just like it wasn't my health dude it was like I wasn't thinking about okay this is bad for my lungs or bad for my brain I was like I couldn't quit Okay literally I started 16 and within a year I am using some kind of drug every day I don't know what flip what Flip swi Flip switch but it also you know you walk into this new environment of people and that's what they're doing you know and I I was surrounded we talk you I know you guys talk a lot about your environment who you hanging around who you spend time with and I had so much free time as a kid you know different than today I finished that event up the street you guys I jump in your car I come over here I can't get in trouble today right you know too bu I'm too busy to get in trouble how are you affording the habit back then cuz that seems expensive like every day it's what 20 20 bucks I'm guess what every every drug uh drug uh drug addict does is they they buy enough to use themselves and then they their friends get drugs you're not using drugs by yourself I mean I'm I wasn't Whitney you're kind of selling them as well on the side and you're just trading drugs back and forth to people you know you you nobody's really selling anything it's it's just everybody's you know like me coming here today how do you get a YouTube how do you get YouTube you guys trade favors between one another you have enough guests to have some content so this is kind of a dismal thought but I have to I feel like I want to know the answer I I hear from a lot of different people that have done drugs extreme drugs in the past they say the hardest part about doing drugs is not necessarily the the suffering that occurs while you're taking the drug but it's the difference of perspective and lens that you see life through for the rest of your life knowing that the the pleasure that you can get out of a drug is 10x for a better you know I mean what everything else consequentially will happen in your life you know what I mean like when you're high on heroin or smack or something I don't I don't know real so so my my reality is it is and no one will ever know until they go down this road the degradation the personal loss of self-esteem and disgust with yourself is so immense and there's nothing like today there's nothing attractive about getting hi to meat but but like conversely in order to put yourself through that the pleasure had to be so immense that it was worth it still right or was it some other chemical thing going on that like yeah it's a it's a on once the body starts consuming something sugar alcohol drugs the body the body stores this stuff and then it says hey when you GNA feed me man let's go that's good to know I always thought that was kind of a so but I don't wake up in the morning say oh man I'd love to have some heroin today it' be such a great state you know like all I want to eat every day is help people I still want to help people like helping people is the the greatest high in the world yeah and and then I want to defend my position with people that think I'm wrong or want to hate on me or whatever I like I like that action that's fun for me and then I want to be I want to create success for myself and my family so that's a good segue drug of choice that's a good segue because we have um some interesting beliefs that you've said about money that I think would make great discussions you started by saying a million dollars is nothing and you should never take advice from a million yeah could you explain your thoughts on that did I offend you guys no not really don't we don't get offend it I think it's impossible to offend us no I I you know I I say these things out of Discovery out of personal Discovery right so like when I when I I was taking advice from a millionaire and and for millionaires guys that had made money and what happens is when a guy goes from nothing and makes a million dollars something immediately changes in this cat most most of them not all of them but the ones that hit millionaire status go into conservation and I see this I see this a majority of the time it is not a minority but a majority of the time the guy goes into conservation now that he has money he's won something right he's like okay now what do I do I got to protect the money now I'm going to save money now I'm going to get an IRA I'm gonna get a 401k I'm GNA make a you know I'm gonna pay my house down they start storing stuff and that's not what got them the million dollars they actually violate their own power condition although before we go into that as a business owner myself as Ram knows and as you probably know if you're a business owner as well staying organized when you're trying to use a bunch of different softwares can be incredibly challenging but with today's sponsor netw Suite all you have to do is remember these three numbers 37,000 25 and 1 37,000 because 37,000 companies have switched to netsuite and stopped doing things like manual data entry and searching for scattered information by hand 25 because netsuite has spent 25 years helping businesses drive down their costs and one because netsuite is an all-in-one solution that allow you to manage all of your kpis or keep performance indicators with one efficient system net can help reduce mistakes from manual data entry and trust me there's always going to be mistakes when you're doing it manually and prevent the busy work from scaling with your 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income yeah for the million dollars you would yeah I me it would be because we're assuming they have a million ,000 a year to live off of his rent's 2500 bucks a month his car 774 he's broke I think and he's worried every day about going backwards every cutting it close cutting it close C close it it's ridiculous dude million like nobody this million millionaire concept has been around for my entire lifetime I'm 65 years old okay my entire lifetime ever since Money Millionaire was the deal so with inflation you Haven consider a million a million today or when the term millionaire grew in popularity I think was a 1920 and I think adjusted for inflation that would be the equivalent today of like $17 million it was wild it's more like this okay okay 1958 when I was born $1 today is worth 10 cents so that is 10x okay so a million dollars in 1958 you would need $10 million today now you get the $10 million now you have a little bit of like okay I'm cool I'm cool I got a little bit of movement okay you think you can then go into conservation when is conservation you should never go into conservation but doesn't it make sense at a certain point I mean I guess I guess if you want to conserve cool but I don't like you know that's not my game my game is you know but let's just say for the average and 10 million doesn't get you Freedom what you can't even lose your YouTube account what price what price how much money do you need for Freedom you guys can't cover Co you can't cover Malone you can't cover j6 I don't think those are our topics I mean those we don't you went hard at it your channel would be shut down here's the thing if you have 10 million bucks and your lifestyle is costing you 150 Grand a year you have enough where if something were to happen to the channel you could survive comfortably and still have a little bit of a buffer on $10 million but where's the point that you think you're living off of 400 Grand a year correct yeah okay but where's the point you get Freedom at what level of we well it ain't at 400 Grand a year income is it is it a million year you're still flying American and if American don't fly you don't fly so you you you don't have freedom yet let's just keep it real so how if you don't like your house anymore and you got $5 million in your house and you're like the housing market sucks and I got to sell my house for 3 million you don't have that you don't have that freedom to say I'm going to lose money and move cuz I just want to don't want to be here anymore so you're speaking based off of your own standards no no I'm saying based on math man this is not about me this is [ __ ] math so but the number what's the number what's the number how much do you need is it100 million it depends on what kind of it depends on what kind of sty class of life you want do you want your kids in public schools or even private schools today but that goes down to like a 3% 4% withdrawal rate so on $10 million $400,000 a year assuming you don't have kids you don't really need you're going to spend the next 25 years consuming your money and you're going to be brok by the time you're dead but then what's the point of having 33 33 so you're going to be 58 years old and you had 10 million and you're broke now well that's assuming I spent all of it though well you're you're spending 400 Grand a year yeah but if you invest the money a 3% withdrawal rate why you investing it though I thought you had enough well you have to invested if you want the money you would just keep you wouldn't just keep cash we're assuming that if you have 10 million it's not like you just keep it in cash and it's safe and just you're you're not you're not you're not assuming also that you have 25 years of of Def of that dollar that's true okay most people their Investments are not even keeping up with inflation today that is true but how many investors I think are terrible I think the average investor makes like 2.3% a year the S&P returns eight and a half give or take well but the average only returns eight and a half Stephen because they they continue to rotate the winners in the S&P 500 but that's how it works since it's weighted by market count yeah well you got seven stocks holding up the whole time right now so if I'm not in those seven you know or if I wasn't in it at the right point I'm just saying most people do not see their I mean I know that that is the pitch right that everybody earns seven or eight% but that's not really what's happening for people but let's say they earn 7% in real estate okay then that would be different for you if you have $10 million you're not heavily invested in real estate why wouldn't you be really I'm just saying how much real estate can you buy with $10 million $5 million property cash let's just say paid off true $5 million and or 4 million ow 300 Grand a year maybe yeah that's right so he's got 300 Grand coming in it will grow it will be there for him he has no debt on it that's a great that's a great plan I love that plan yeah do you think at your level of wealth you have complete Freedom no where is your freedom restricted my freedom is restricted if I wanted to buy uh master class that's probably going to go bankrupt I'm going to have two two guys there that that bidding on the same company right and the Comm maybe um make the deal happen faster than I can let's say let's say I wanted to buy a Reit right now for um this $25 billion but it's I know it in the future it'll be worth a hundred I probably don't have the freedom to go make that to make more money no it would be to make moves it would be to like it would be to make plays I guess logic it would be to create it would create Legacy you guys are talking about me buying another watch I watch here's so you get fulfillment and enjoyment out of movement and growth and stuff like that so that is why yous whereas a lot of people it's kind of a means to an end of like living a life being able to afford the watch that they want and stuff like that but for you that is the end I said earlier man success is my drug of choice like I like playing the game I like winning right so it's not about I got I got a decent plane so I don't need you know I don't need another one you walk us through the logistics how much was the plane and how much does it cost to run uh man he jumped pretty quick right there here is before we go off on another topic I want I want to H on this the Gulf Stream 650 it's an ER it's extended range so it can go from Miami to Dubai non-stop it's a magnificent plane and it was a 20201 2020 it's a it was a brand new plane I bought it actually from a guy in ch in in Russia an olard right before Ukraine happened and um that plane's 70 million bucks and then it'll it'll cost three to three and a half million bucks a year to run whether so when you when you paid $70 million you got a loan and everything or like what does it look like to actually go what did I do on that deal I I sold my 550 I sold that to Tim Draper uh I think I got what was the number I got on that plane anyway we did that we do have a a small loan on the plane I I don't exactly know what it is right now as we sit my understanding these are good tax writeoffs all of it yeah do you wrote all of it off that year I don't think we we're in in at 70 million I think we're in at 64 million 63 million something like that and then that that would become a tax deduction against earned income that same year even though I only I took delivery of the plane like in December only had it like for 17 days took one flight in it and rode off 63 million that's a great headline for your video do you manage your own wealth or do you have a team that manages it you manage it so so like that when that there is no one I take Financial advice from is is that private jet is that onay that note is on on autopay or like yeah 100% okay yeah so I'm curious you said like even is the management company right there's a management company that manages a plane so there's two pilots there full-time oh so it's all that just kind of yeah there's money going to the management company the fuel Bill comes through them I've never looked about fuel you you don't know what it costs the fuel never it's just a negligible amount of money at this point because no no no it's not negligible the plane's no good without fuel so it's just it doesn't even matter it is a would you consider the cost of these microphones when when building a podcast I think we did we did we shouldn't have we really shouldn't have you're not going to have a podcast without us right well we could have G cheaper microphone right but we decided to go with the industry standard The Joe Rogan podcast or the Jo mic yeah what yeah of course you could have gone you could have G with one that doesn't have this this going spin I don't know why that's doing it's oh your look I know the cost of everything in my life literally like everything I have never ever asked for the cost of the gas and the reason why the fuel the reason why is because the plane cannot fly without the fuel so it doesn't even matter it's a what do you call that elastic good it's a constant it's required it's a it's a it's a facility do you budget or do you no not well neither does gram gr doesn't budget either so but I'm just curious disciplined with my money like I I live so below my means I have four cars two here and two in Malibu or two in Miami yeah I don't have a fleet of cars what cars do you have we have a a g a g wagon I have a G wagon an Escalade in Malibu and now I have a Rolls colan on a lease a r Range Rover how much it cost to lease of Rolls-Royce colon I feel like we're just doing trivial question I'm just curious it doesn't matter it doesn't matter it doesn't matter okay it doesn't matter but so I'm not extravagant okay all my stuff is paid for I have no debt anywhere in my life nowhere except my cash flow producing real estate the apartment in the jet uh well yeah whatever I mean it's negligible right yeah you're right um but but yeah so yeah I got out of a company that does probably 150 million a year every year that's the our Miami company based company um we have that little bit of debt on the plane but that plane that plane dude is like I would never give that plane up I'm giving my kids up you know what's funny papa John said the same they say the exact same thing he's like I don't need anything except for my jet I need the private jet and the guys that own Yachts say hey I'll give up my plane but I'm not giving up my yacht it's just there's l to this guess there's levels to the game man and when you grow when you grow up the way I grew up you don't know about the levels so you think I don't need that I never thought about a plane in my life ever NE never had the fantasy never had it on a list never have it on a bucket list I got to have a plane but I also didn't have on a bucket list that I would own companies and I would be the boss never I was forced into a boss situation it wasn't like something I was some Law of Attraction stuff yeah but you even mentioned uh in terms of managing your own money I understand that but even the tax side of things you're the one who does the your research and fig out research how do you learn how to do all all because I feel like the tax code changes so frequently it's like every years I read it and then I call my accountant and say hey do this and then he says oh that can't be done I'm like you don't understand the code dude like let's me and you get together don't charge me for this I'm going to charge you 100 Grand not 600 bucks an hour and I'm going to educate you on this damn tax code because the way I read that we can do this this and this and then he'll tell me no no no because of blah blah blah do you ever deal with audits I've had four audits I wanton them all as you might have noticed Grant Cardone is constantly improving on things and when it comes to that AI could be the most important new computer technology ever and just like a nimbus cloud it is storming every industry and literally billions of dollars are being invested Jack it's cumulon nimus that's the storm cloud okay well just buckle up and bring your umbrella the problem is that AI needs a ton of speed and processing power so how do you compete without the cost getting out of of control well it's time to upgrade to the next generation of the cloud like a cirrus cloud no Jack Oracle Cloud infrastructure or oci that's great I like this show and it's good cuz people are learning types of clouds oci is a single platform for your infrastructure database application development and AI needs oci has four to eight times the bandwidth of other clouds offers one consistent price instead of variable Regional pricing and of course nobody does data better than Oracle so now you can train your AI models at twice the speed and less than half the cost of other clouds like a cirrus cloud or like a Stratus like an oci Cloud if you want to do more and spend less like uber 8x8 in datab bricks Mosaic take a free test drive of oci at oracle.com that's oracle.com slist once again oracle.com get a free test drive free okay we all love free once again oracle.com I thank you so much Oracle and back to the podcast and what's that process like is that terrible worst thing particularly in California California is the worst uh they're worse than the federal IRS because they're broke and they're coming after you with everything do they like even even if you know what to do on this even if you know what to do that you're right you still have to hire a probably an ex IRS uh litigator to defend you because they're going to bury you in paperwork four years four audits after I left the state of California yeah so were those residency audits of them claiming that no you still did business in California or were those like you left and they're trying to they they they tried to say that I left incorrectly oh wow they lost that one so the second one was um I forget what the second one was this has been years ago but the fourth one was you did a a deal you had some real estate in California you did a 1031 into another deal and when you gave your partner who had no equity uh a bonus he moved to a different LLC and when you did it violated the 1031 like they were looking at everything by this time and I said I appeal it they said we knew you would we've already um we've already denied your appe appeal I said like you don't even you haven't even got my appeal we're denying it before you appeal it that's how nasty like that's just California that's after you had left just like total communism how many years after you left almost seven seven years after you left they came after it four audits the fourth one the seventh year is it so isn't that the the maximum that they have is it seven years yeah I don't I think I think they have is whatever term they want I think they they could figure because they they'll tell you look if you don't pay this 750,000 which is what it was if you don't pay the 750 we'll freeze your accounts I'm like freeze my accounts my accounts are in Miami they said we can freeze your accounts anywhere in the world wow I was like wow do you ever worry about never being satisfied or you think the pursuit of that is more important yeah I'm I'm never I'm not interested in being satisfied it's not even a fulfilled though it's not a goal I am fulfilled it's not I am fulfilled like but I'm not satisfied I'm full of that little sandwich that I took three bites of but I'm not and it wasn't very satisfying was it good no it was it was it was it's some fuel for me to get through this interview right and then and then it's like but but you know am I satisfied am I oh my God that was amaz no it wasn't amazing it was just Fuel and and so is life and so is what I've done up to this point it's cool what I've done I think I can do more than this you know I was interviewing Tom Brady you know and I kept saying Tom man why do you like the wind so much he's like I don't want to let anybody down I said Tom come on tell me the real thing bro like how good are those Rings he's like no man I don't want to let anybody down I'm like come on Tom it's [ __ ] why do you like the win so much cuz this guy is so intense and he says Grant I don't want to let anyone down and I said and what about you and he's like yeah I don't want to let myself down it's him it's not his mom and his dad and his it's him he don't want to let himself down he thinks I said bro you ain't how can you let yourself down he's like because I know I can do more but when he was a kid you know when he was getting drafted or not drafted for the NFL he probably thought man if I could just get drafted and then he did and then he won then he's like oh if I could just get one ring and then he's like once he gets the ring all these guys tell me the same thing by the way once you get one ring you want two and I don't think he's going to be satisfied with seven rings I think he's going to retire now and say okay what can I do that's bigger than rings and what about happiness if if we changing our metric from like fulfillment right or satisfaction like happiness General happiness you would say you're happy or would where would you say you fall I don't I don't measure it you don't measure why why would you measure never think about it okay I don't like have a little Smiley thing on my on my do you think it's important to measure happiness like think about this okay you have what two daughters correct yeah beautiful daughters okay so your daughters yeah would you want them to be happy no I want them to be productive and they will be happy to the degree they're productive okay if they're Free Loaders in society they will not be happy no matter how much money you no matter what their car looks like their room looks like their clothes look like if they're not productive members contributing to society it is impossible to be happy you really think so do you think it's possible to be happy without being productive or you have to be prodive to Bey I don't know anybody that is happy without being productive do you I do agree I think I think productivity is a a huge indicator of happiness or or I would say a cause of Happiness right I I but I don't know if it's like a one to one ratio I think of be responsibility right do you have responsibilities that you take care of every single day akin to produc yeah yeah yeah I would say it's a Kinder productivity watch I'm I'm I'm going to make my bed that's production MH can you be productive though without being happy yes can you be productive without being if you're if you're if you're productive you're going to be happy like if I go mow the lawn right and then I then I do a great job and then I put all the leaves to in a b uh in a bag and put them out on the curb and they get picked up and I dude I'm happy about my work but that's only going to last so long because that grass is going to grow grow again I'm like [ __ ] I got to do it again so what would you say to someone now who's unhappy with their life and they want to change things around what would you tell them to do I would tell them to quit seeking happiness and start seeking prod productivity and contribution and helping other people and improving the quality of life and quit shopping for happy and like like like even when we have this money conversation like your your your your whole comment section is gonna when we talked about 10 million 50 million 100 million whatever it is your comment section I've seen all this there's nothing going to surprise me is going to fill up with but he's not happy okay I can tell he's is he happy and what dude what we're not happy is a different topic even in your in your questions money and happiness should not even be a considered Blended topic they have nothing to do with one another okay it'd be like me going to Whole Foods looking for lowfat milk in the happy counter like I'm looking for lowfat milk okay oh if you get that milk and eat right doesn't mean you're going to be happy they got nothing to do with one another I'm not looking for money in order to be happy but isn't there like studies that have shown that money and happiness past a certain point actually past it have an inverse relationship actually there's reports out there saying rich people are happier than poor people so we had a good discussion with Tai Lopez on this he said the happiest people that doesn't have enough money to have an opinion on this WOW shot fire and I love by the way but I don't think Tai has enough bank yet to actually have his own personal opinion he could recite some philosopher which he probably did shots fired Ty no so but Tai's anecdotal stories we're talking about other people that he's witnessed people who are worth a billion dollars people who are poor he said the happiest people that he had seen are people earning between1 and $3 million a year yeah they flew under the radar they had enough to get by and have 95% of the same choices as everybody else the same doors same opportunities and they were local celebrities were basically they weren't too they as he called it they weren't Kings the Kings get shot down they're they're the princes where where they're too small to attack but they're getting Buy on one to three million first of all there's no way he could have do a survey that would be accurate to even say that that that that is like completely impossible for him to run some kind of calculation saying it's people between one and three million that that were prin is not Kings and they lived in a local place and they were celebrities I mean it's impossible so number one number two like I know guys that have worth1 billion and are not happy and I know people that have 12 cents and they'll never be happy and and I'm just telling you if you give me one or two of those okay I don't want to be unhappy and no money and anybody has no money can't be happy it's impossible because if I have no money I'm worried about my next meal okay it's at that point if I'm scared I'm not happy scared people are not happy people they're scared people you know what his example of that though was the Amish okay the Amish had very little money the happiest people he's ever met okay well that's not one to three million those are farmers disconnected from society disconnected from television disconnected from social media of course they're going to be happier right but me how many how many of your audience is willing to be trade in uh whatever they're doing right now to be Amish for their happiness I doubt very very many I'd be curious to try it though I would try it yeah how long how long you going to try it uh I mean I wouldn't abandon all my current responsibilties you didn't even do the yacht trip long enough how you going to do the trip that's funny yeah but I feel like the one thing yach aquariums out there in forland the issue with the yacht is that there was nothing to work on for me is that anything you wanted was there you you ask them for a meal they bring it to you turning butter stacking hay perhaps that would lead to more fulfillment like I got to work on these things today the sun's going down I got to get this done by this time you're back to production right so you say that happiness is way too arbitrary that it doesn't even make sense to necessarily be measuring it measure productivity which is actually can be measured right yeah I yeah I I like that I like that I just think a lot of people are searching try want to be happy thinking they're entitled to to happiness and they haven't even done anything and why am I entitled to it why why do you know just cuz you live in America you think the Hamas right now are happy or or the Gaza Strip people the Palestinians or Gaza Strip or the Israelis that are attacking nobody over there is looking for happy they're looking for survival right now but here in America we're like man I deserve to be happy and I deserve my Starbucks okay and I deserve air condition and you don't deserve any of that stuff that's all I'm saying I'm like you're lucky to have air condition or or one drink a week but most of us take that for granted and then pile on top of that I deserve to be happy too I could could agree with that more while I'm eating [ __ ] Foods mhm spent 12 years in a [ __ ] education I'm not being paid enough money once I get my million dollars I don't know what to do with it and now I'm supposed to be happy and I don't know how to be in a relationship with another human being but I should be happy I also think that there's something in like the pursuit of happiness or pursuing anything in general will lead to you not being necessarily like content or satisfied with the results because there like you said there's always like another step I AG with that I agree with that but but I think that that's fine I think that that not being content there's there's these guys that I Mee and they're like they have this what's the word they have this sense they have this sense of U scarcity no it's a discontent it's a it's a Divine Divine discontent if God was content he would have stopped doing a lot of things like he you know if you believe in God creating everything he he could have stopped at mountains and valleys he could have stopped at men only and not added the women we wouldn't have freaking fish and octopus and animals under you know it's close to home man don't say that like you go too you go under water you go we we we haven't even discovered 90% of the life underwater like the Miracles underwater like and and yet people are like I deserve a coffee and we haven't even discovered the pursuit of the rest of the adventures of life I like that I'll be a til Lopez real quick and in the wise words of Victor Frankle happiness is not something to be pursued but it ends so it follows Ty gave you that no that's Victor Frankl but I'm saying I'm ty Lopez I'm quoting somebody else speaking of mistakes that people make one of the things that you said we really liked uh this a direct quote direct buying a home is one of the dumbest effing things a human can do with their money when we see that is like that's one of the ways that people build wealth like a vast majority of people is when they buy their house right okay you don't build you don't build wealth like that okay expand okay so so Orange County average home here is 800,000 bucks Vegas is going to be 450 maybe 490 okay so what what you're going to build you're going to go buy a house for $500,000 in Las Vegas 800,000 in Orange County you're going to put 20% down 20% down 15 20 you're going to put $160,000 I'll do math on both of them 160,000 here in Orange County and you're going to put down what is it 100 Grand over there that money's dead that money could have been put in yourself just the down payment you could have invested in yourself in your business there's not a business or an individual that can't produce more Revenue than a single family home sitting on 22nd Street okay it just sits there the only thing worse than investing in a house is giving money to the bank and letting them have it okay the bank benefits particularly in this environment today Bank of America is going to charge you 8% for 10 years let's say you stay in that house for 10 years you're in Vegas okay you paid 500 okay you put a loan on it you put 8% on $400,000 that's 30 what is that 32,000 a year time 10 is 320 that's your interest on the first 10 years so you need to sell your house for 500 plus 320 to break even you haven't paid property taxes maintenance nor have you counted the fact that your 100 Grand was dead it could have been invested in something else I'm just saying compared to other Investments S&P 500 okay if you I think what's difficult today is that what you're saying right now makes sense to me yeah and I agree with you completely I think right now is one of the few times I just financially speaking I don't see the benefit of buying anything right now the last property I bought was 2020 because interest rates are so high when I look at the cost of buying versus renting renting is like half price na it's insane so when I look at the two I'm like why buy a house right now it doesn't make any sense financially unless you plan to live there for 30 years but as a general saying I think for me 10 years ago I would have said buy something I think for a lot of people a savings but right now it's kind of skewed I feel yeah but I think for you how many people do you know have ever kept a house 30 years some of the investors I used to work with and what they would do is they'd buy a house fix it up move in themselves live there 5 10 years keep that as a rental then move on to the next one and repeat the process maybe every 5 10 years they'll buy a house and 30 years they you know have a few houses so that's not a good investment man it's not it's period you'd be better off buying YouTube ads I think it when we look you make more money on your YouTube channel than you will on this house appreciating this house but if you look at the success and failure rates of people that will try to do something like that you discount the fact that there's 40 million people in America lost money on the house between 2005 and 2012 that's only if they sold well dude they had to sell they couldn't there's there's there's still millions of of homes on foreclosures we forget all this stuff you forget CNBC makes sure that everybody forgets all the losses in the stock market every day we forget about bank failures we've had three major bank failures just 16 months ago we had the biggest bank failure in the history of the United States and everybody's forgot it like it didn't didn't even happen I think a lot of that is really just bailouts but those losses are only realized to people sell now I I know on paper obviously if you buy in 2005 you've lost a substantial amount of money in 2011 but for those people who held today they're still sitting on quite a a lot of profit maybe not as much as in stocks or other Investments it's not a good investment though I think the argument is that people have to live some average person that's what I'm trying to get out because if you look at like I said real data of the people that the number one wealth Builder is your primary home and then you compare that to the data that shows that I don't know what percent it is but I'm sure it's an exorbitant percent of business owners fail right yeah then and you compare the two and you're like you should always be a business owner when the data is suggesting otherwise wouldn't that make sense that for the average person that maybe doesn't have the discipline that maybe doesn't have like the I don't know the motivation to continue pushing with a business and perseverance because they're they're being told a bunch of [ __ ] like hey buy a house buy a house and one day you're going to be fine invest in Ira you're going to be fine get a get a 401k contribute as much as you can you're going to be fine one day you're going to be fine Social Security is going to take care of you people are being told a bunch of lies and then they lay down and say it's going to be fine they said I'm going to be fine if I just do these things I'm going to be all right if I buy a house I'm going to be all right but we know that most Americans are living paycheck to paycheck have less than 5200 bucks in a savings account okay their Ira will not take care of them at retirement Social Security is going to fail in this country in your lifetimes it will fail okay the US dollar is likely to fail people know it yet they save it so the reason people don't hustle is because they've been told by the government you guys are cool you're in the middle class you got a good job you got air condition you got your little latte okay you deserve happiness okay you got your Whole Foods account and we might relieve your college you got a college education so you're better educated than most people you got a car mortgage like you freaking strapped up to here you got 30% of people like failing on on uh 33% of the American public today got a second job because they can't fund their activities you got car car delinquencies going through the roof at the all-time highest credit card debt highest ever so whatever everybody's been told ain't working for most of these people these average people that you're talking about so you're saying that people should instead of going down the more traditional route that could be more safe but also subject to other external things such as like the the government and the stability of the dollar you think people should go For Broke like go For Broke meaning like you know shoot for the the moon and then if you miss you're just in outer space somewhere right with nothing you'd say that is a optimal just fundamentally you could literally go For Broke that is the better and you would be rewarded in this country you could go For Broke you cannot go to jail going for broke but you can play it safe and guarant almost guarantee you will end up broke I agree that you should that a lot of people should go For Broke when they don't yeah but with the stipulation with the caveat that if you miss that you continue trying and trying and trying and trying trying try and I think that's extremely important to include that and that's why so many businesses fail because they try it fails and they go to some like you know a more stable thing where they're not a business owner or something like that or why 9% of day Traders lose is because they just try it they lose money and they're like ah I'm not going to you know I'm not going to continue trying learning a stupid business no I'm just saying like why these Fringe things are so un quick always fails exactly business owning is also I mean it kind of is marketed in the same way of like hey you're going to be able to work from your laptop and you're going to be able to drop sh and this and that make a bunch of money in your first year and I think that it's really important to include that caveat that like you're likely not going to be successful for a long time and you just have to push through all of that and then I I agree with you I think that a lot of people could go that route but for the average person if we're looking at all available data yeah they are better off I would this is what I would say doing that if they don't have doing the stable thing work better off going to work for somebody else than themselves right and I would agree but if they have the perseverance and motivation than they could do the business owning route but they just better be ready to weather the storm you know yeah I think statistics on that only 20% of business owners make more than a W2 employee and they work way more hours I do think they could be successful that small you know people that are successful I think it could be bigger if they just don't give up and they learn from their failures rather than like Let It absorb them and then they go to something more stable because they're so sh shi shi away from it but what about last thing on the house though Elon owns Elon owns no houses Warren Buffett has the same house he always has the point is they didn't try to create wealth in this fixed asset class that does not cash flow does not provide get great ta tax writeoffs and historically over the last 50 years I don't know why people get so upset with me on this house thing because it's just not a great deal as opposed to now if you're not going to do anything if you're just going to get a job save some money and not and just be a renter for the rest of your life and you're going to stay in the same place forever and you know that just make sure you're buying in a great marketplace where there's going to be positive job growth only about 10% of of America U there's about 10 cities in America where 90% of all the people live the rest of these places where people live are never going to go up in value I think we all fundamentally agree on this at once we're kind of understanding the other person's position to the full get through this inflation issue that we're that that's being fabricated right now we're going to on the other side of this is going to be massive deflation so that leads us perfectly you also said Lewis house man here we go inflation is a boogeyman it isn't real you said that on Lewis house yeah yeah why is inflation not real because you can't really measure it right you can't you can measure it at the store and say eggs are too much but I could absolutely control that by not buying eggs inflation was caused by the supply chains being blocked during covid not because money was too cheap if I print and your audience is going to go nut Bonkers on this we'll love this okay they're going to go Bonkers so when you print a trillion dollars we put a trillion dollars in this big building right here which I don't think it would fit we have not created because of printing inflation now I could be wrong on this but but this is my hypothesis printing money does not create inflation now I distribute the trillion because if I haven't distributed did nobody knows anything happened right now Distributing the three of us each get a third of a trillion I would love that dude what we going to do you GNA buy a jet yeah I'll buy a jet you could buy you could buy 10 PL maybe a nicer microphone if I really want to splurge right yeah you can buy you can buy you could buy a media company you could buy a CNN now bro okay like the think just right okay so we distribute to the three of us but none of us spend our money we still don't have inflation inflation only happens when people start using the money okay now if we go invest in countries because we got enough money now to buy countries the entire state of Hawaii okay we inflate those little markets those little pockets but we don't inflate the whole world the whole world now when you distribute money to every idiot on the planet okay 1,400 bucks and every idiot says godamn I got to spend this money I deserve a house I deserve some Gucci even though it's covid and I can't even use my Gucci except in my living room and if I go any place I got to be 6 feet from somebody else that's how you cause inflation you give idiots money to go do dumb [ __ ] with and that's what they did people did dumb [ __ ] with money they inflated the cost of everything people raised their prices and you guys kept going back and buying stuff because the moment the the demand for an for for anything stops when the demand stops prices will fall but consumers continue to demand that they deserved great microphones but wouldn't it be a leading indicator right like when you know rates are going up then a business that maybe sells some sort of product or service they're like well people are going to have more money I'm going to change prices maybe before the Commerce actually starts coming in but they don't you're saying most businesses man they're just trying to hang on the price follows suit after the demand you can't change the price before the well you had to have the demand first you you you you don't you know the price doesn't change pre demand you get demand you don't trust it demand hits again you don't trust it demand happens again or that was a fluke it was a weekend boom denn it's demand demand and then you're like [ __ ] I'm out of inventory okay guys I'm going to send you I'm going send you 10 more 10 more sets of whatever basketballs okay and you have orders for 50 of them you're like [ __ ] raise the price on those 10 basketballs but most people most businesses lag when they actually respond to a demand curve but I think that inflation is is sure it's real to the the people that are working the stable job right and then all of the sudden they see the price of eggs it increases in the grocery all you have to do is not buy the eggs I think it's it's difficult not to buy the eggs when everything else is also costing more let's just say gasoline uh it could be your utilities cost more everything else in your daily life that you need those those constants are costing more and some people would say oil and gas and electricity could be like my brother would tell you all of it should be way more expensive because if it was you guys wouldn't be burning all these lights in here so all this stuff all this electricity going on behind us is too cheap otherwise they turn them off again it's a demand thing I demand I'm I'm willing to pay this price now alongside with that goddamn eggs are too much beans are too much okay but why do you keep complaining and keep buying and that's what causes inflation so what do you think is going to happen do you think eventually prices are going to rise to a point where they have to come back down we're already there we're already on the other side of inflation we already see it we see it in mortgage applications you see it in uh prices of goods inventory uh is sitting in car dealerships for longer than it ever has at at levels that they haven't seen I have a bunch of friends in the car business uh you're seeing houses not trade now marget applications at 28y year lows um I mean if you want to talk about who's causing damage is Jerome pal raising interest rates to 8% um and stopping all that activity all those mortgage brokers that title clerks uh uh escrow companies that need that money and that activity you're making it impossible for people to buy a home today so how are you using this as an opportunity to make moves we're buying every piece of real estate that we can buy the cash flows right now with no debt so how are how have you position your portfolio to whether a potential storm if prices continue to drop or interest rates continue to go higher like for your existing loans let's just say yeah are those we have 30 39 loans we have uh uh five of those loans loans 32 of the loans have 10year mortgages um we have five loans that have adjustables through 20 what what are we in 23 through 25 2-year extensions those will have to be fixed um it's 15% of the entire portfolio so I mean I have it charted out exactly what I'll have to fund to fix all that it will there's an old adage uh Nathan Rocha I think said when there's blood in the Street by comma even when it's your own blood so we expect to we we have 12,000 apartments right now we expect to double that portfolio in this cycle maybe in the next six months do you worry though about interest rates resetting at a higher amount well at the same time rents are falling or you believe that rents will continue to go even higher I think rents will flatten I think rents flatten for the next two years 24 25 you'll have flat rents and then in 26 cuz they're not going to build anything they'll stop all building all construction this happened again in 20089 and 10 um we're 4 million homes short in America today we're probably another 40 million homes that nobody wants because they're old homes they're your mom's and Grandma's house nobody wants to move into them and um in 26 27 rents will explode in this country the $1900 rent that people are complain about will be $4,000 see my thought is that home prices will eventually come down to a point where all of a sudden they make sense to buy again when rents and home prices are about even and someone could say okay I know I'm going to be here for eight years therefore based on this trajectory I think buying makes more sense and that's where I feel like the demand has to go yeah I think we take that $800,000 house in Orange County or the one in Vegas the one you bought that you regret now I actually do not regret I think it was 28 4% on the mortgage 30 years fixed yeah that's awesome that's awesome you're going to rent that to somebody I'm R it well I'm renting four rooms as as we speak Jack is cash flow this place let's go man cash flow bro that's what I'm saying how stupid can you get to live there for free you can go as stupid as your cash flow that's the game dude he's pretty stupid he's got a pingpong table in the living room yeah it's awesome that that $500,000 house here or in Vegas has to go down probably to like 350,000 and the rates have to drop for him to even compete with an apartment deal down the street and even when that happens let's say they they they become equals $2,000 and $2,000 rent or mortgage one requires a down payment the other one doesn't one requires a 30-year commitment one requires a 10 mon 10mon uh commitment and one of them does not have a swimming pool does not have security does not have a uh does not have um a theater and the other one because these are the apartments that are being built today these are freaking unbelievable communities theater parking structure social audience a community like built in 300 families living around you that are hopefully not crazy people so we see a lot of people like in bokeh we bought a deal in bokeh the average tenant in the building makes 400 Grand okay their rent to income ratio is under 14% they could buy a house all of them could buy a house but they don't want it they're like I don't want a house I don't want to mow a lawn I don't want to clean the pool I don't want to fix the Billards the the table tennis whatever I just want to do my thing pay my rent and be mobile go on vacation 75 million Baby Boomers in this country don't want a house people my age aren't looking to buy a house you've also said that if you have your last $1,000 you recommend that people spend it on personal development and some form of a course to increase I know their knowledge on a given marketable um I would say thing yeah do you still stand by that because the way that I you're already br broke yeah but you could be more broke you're broke you can't get more broke than $1,000 $999 no zero zero or th000 same same number you're broke already right but but you don't want to have to you know you get a pothole you hit a pothole and you pop a tire and you don't want have to put that on a credit card 33% so so you hit a pothole you're telling me fixing your tire is more important than fixing yourself I just think that what's the best return you or the tire I mean you got to say yourself with with the caveat Uber for seven bucks dude you're broke already people need to understand this goes back to the argument you and I had earlier okay but an emergency fund is something you ain't got an emergency fund bro you got $1,000 that's worth about a hundred you ain't got an emergency fund you are broke okay so when I did that show undercover billionaire they gave me a hundred bucks I said I don't need the 100 they're like oh no it's good for the show we're going to count it down I'm like what are you talking about they're like it's going to go 100 then it's going to go 82 and then it's going to 76 and then it's going to go 40 it's going to be great TV I said no it's not I'm going to take it to the bank and drop it off and I'm going to go to zero day one because that 100 cannot save me I don't need the 100 I don't need the Thousand I don't need 10 grand I would tell you spend your last 10 grand you're broke make it official get a [ __ ] t-shirt I am broke and on the back and I am hustling and go get your money man I stay broke all the time I never have money I don't keep I don't keep money because it's not worth anything The Only Thing Worth anything to me is me and my hustle and my focus and my go get it I'm just saying I convinced you I sold no no dude that's funny that's really funny here's the thing when you're saying that I'm like I should just get rid of my house I should just get rid of my car give it to me because because because you have more hustle you got more engine than your car yeah but I'm it's a building process right so I I do think T how old are you man 25 25 bro you got like you will never be 25 again bro you got all like if I was 25 years old today knowing what I know today 40 years younger man oh my God I'd have my eyes on 10 billion I don't so crazy okay here's the thing obviously you should you write me a check for 10 billion I'll be happy to cash it the thing is I I don't necessarily want to make the sacrifices that a l and look people are going to Flame me for this because we have a very hustle cultur audience I because you're selfish me yes for what you're like I don't need 10 billion I ain't talking about you how many people could you help with 10 billion yes a lot how much of the world could you help with 10 billion you're not you're like I don't need that and you guys ought to rag on him right now for being so selfish here's 10 billion Jack is built differently Jack likes to take it easy I've tried telling Jack do we got to work 12 hours a day 12 hours a day 6 days a week I want to be able to text Jack at 11:00 p.m. instant responses I want that Jack what about a thousand communities could have pickle ball thousand Community could have their table tennis like you just think about your table tennis rather than other communities I help other people I help other people but you can't help enough people because you're down to your last grand you're right you're right I defin and it is in my Horizon that I do want to help people but I don't think that like I wouldn't honestly maybe I'm too selfish I don't want to get to 10 billion so I can then just help a bunch of other people I would love to get to a few million and then help people but I think that to like spend the time of my 20s and 30s and 40s and 50s and 60s to get to 10 billion to then like I want to still enjoy my life sure maybe I am selfish maybe that is the you know what this goes back to the Happ maybe I have some insights I think your happiness com from this this would be very interesting so when Jack and I first started working together it was 2020 he moved into the guest house and was working all the time I loved it because I had the same work ethic and him and I would like 12 hours a day seven days a week was amazing uh but Jack I think after a year and I'm speaking for you here and you could chime in you said you weren't happy with that and that you scaled back a lot you started Outsourcing your work had a lot more free time and I was like no pedal to the metal we got to keep going keep going keep I was like I can't do it I'm not happy that's not me take I think that people just get happiness from different things and for me like I had no friends i' had sacrificed my friendships my relationships i' sacrificed everything and for me it wasn't worth it I wanted to be able to go out and like sit in the Sun and get some vitamin D or I wanted to go play pickle ball and stuff like that but when I was working so much even though I was building my career and I'm so grateful so grateful cuz I did work hard and I'm happy I did but it was exhausting and I wouldn't want to do that for the sure maybe I maybe that is out of selfishness look hey guys what do I know you know I'm just trying to figure out the thing too I'm just telling you what I would do differently going back and looking at later like dude I had this time this this time between 25 and 35 that like I made so many mistakes in those years okay all I did was work that was a mistake but the pro the real mistake was all I did was work on the wrong [ __ ] I was in the wrong lane wrong opportunities around the wrong people I had cleaned up my life between 25 and 35 and started putting some money together and when I did I got around people that said you don't need all this dude and I'm like yeah you're right or you know bigger is not better and then I stopped I could have made so many moves back then that would have me in a different position later in my life that you don't know about yet you say people should invest in themselves right rather than some form of like an ETF where you have an expected return year-over-year yet you provide something where people invest for an expected return year-over-year so how is that any different than an ETF I'll tell you how it's different okay number one the ETF is liquid okay and you don't want to be liquid okay you want to be IL liquid why do you want to be IL liquid because you don't want to have an emergency a pothole or pothead or both for you they goes and gets that money okay that goes and gets that money you're like oh my God I gotta I got to sell my ETF dude long money is made over long periods of time okay I have never wanted to get rich quick ever my entire life I'm like I don't want to get rich quick I want to get rich Rich for sure so my investment thesis is about how do I get rich for sure well if I'm Ill liquid which is what Wall Street offers you my mama taught me this when I was 18 or 19 years old if the casino offers you something do not take it Wall Street is a casino hey we want you to be liquid man you can get your money anytime you want they're not offering that to you because it's good for you they're offering it to you because it's good for them I think the problem is people sell is that people get emotional but assuming you could but assuming you could overcome that emotion and not panic they can't bro they cannot so now we're talking about real world right huh so now we're talking about like the real the real results of such a thing yeah in my fund you are illiquid for 10 years but you're but the benefit of being 6% return with with with rents going up every decade since you were born and since I was born rents have gone up in this country without missing a lick every 10 years rents are going to go up 20 or 30% some doubled in many of those decades okay while my debts being paid down the rents are going up he knows the real estate game this thing this this mechanism inflation starts hitting Fiat gets so you're saying that you're protecting people from themselves basically 100% and including myself by the way I don't want the money why I go to zero and I go hustle money again wouldn't that then go against the idea that they should become a business owner because essentially you're protecting them from themselves if you say you should go get a high-paying job based off of a marketable skill that you have because that works if you look at real results right whereas being a business owner you're placing a lot of faith and trust in people's ability when your fund is the exact opposite you're not placing faith and trust in people's ability to make the best financial decision for no no no my fund my fund I'm allowing people to invest in assets they could never buy they can never buy these assets what about a Reit they cannot buy these assets most of the REITs do not control the assets that we have okay and most of the reats in this country are in trouble right now can't hit their redemptions G all the redemptions aren't making distributions don't pick don't hand select their properties they'll buy anything and everything in almost any Market with whatever the terms were because they're churning money okay these are big companies with thousands of employees and are paying all these analysts little fees if people followed your advice then technically what they should be doing is putting their money and raising money from other people to do what you're doing yeah they could and we show people how to do that go go go go raise $150 million to do that deal I welcome like anybody to do it I don't think they'd start it that long Blackstone can't do it Blackstone can't do it Fidelity can't do it they they you know these are these are trillion dollar companies and they can't go to Everyday People because they ignored Everyday People for the last 30 years and the the big Banks this is really what I'm taking on with card own Capital it's not just the investment NE neither is the thesis some of this stuff that I talk about it is that the banks have control of the way we think buy a house good for Bank of America Fanny Ma's getting ready we were talking about on the break Fanny May's getting ready to offer a 5% down on a 4unit deal that'll happen November 18th it is going to like the four unit product if you live in it you can get a 5% loan with Fanny May I think for seven or 10 years okay you're going to have people just just flock to that asset class doesn't mean it's good though just going to sound good when the government offers you anything beware that's funny I get all of these letters from Fanny May where it's like oh you have equity in your home maybe you should pull out some money or refinance and stuff like that I'm like yeah's refinancing right they're offering me promotions like that chances are it's not something that's the best for me that's what I'm telling you man like do you think like why do people think banks in this country are so safe when they're not well we've been trained we've been trained to believe they're safe okay there's been more bank failures I think people have faith in the government that no matter what what'll happen with a bank the government will step in they'll never let things go that bad like they're too big to fail just SE they seek to in that conversation they seek to drop out that little piece of data that says in my lifetime the 100 Grand that I left at that bank is worth $10,000 it's safe yeah it's safe to go down and value it's not invested if it's at the bank it's not invested the bank the same bank you put your money in as you know calls me and says would you like to borrow their money they don't leave it there I think the point of a bank is more so just everyday expenses I got to have something I got to have money liquid right yeah back toid in terms of in terms of teaching people how do you find a good Mentor and what do you look for how do you make sure that they're not like a fake Guru or they're giving bad advice show me what you got bro you you build wood tables and you're going to do videos on wood tables okay well show me the wood tables that you built show me the factory that you have show me your inventory show me don't tell me I am no not like this is how I avoid getting ripped off and one thing I've done extremely well in my life is not get ripped off of but don't you feel like especially on Instagram people Flex all the time and they have all the all the stuff in their pictures but like how do you verify owners show me that plane I saw a kid the other day I'm like is that your plane no it's not your plane it's a Phenom 300 I know exactly who who whose plane it is it's not yours you're in the shadow taking a video of yourself you didn't even get permission to take the video of yourself in front of that plane or on the side of the plane so people just should be very suspect like anybody that checks me out hey come check out what I own like do an audit on my business because I'm not worried about what you find the FBI the SEC every threel company group in America has all the data they need on me so why wouldn't I tell you okay I got my seven rings that makes sense I think like a that's what people should do show don't tell top of the food chain all the instagrammers all the YouTubers all the names that you've mentioned everybody show me right you're a real estate expert show me the real estate you bought okay you're a Bitcoin Guy this is where the Bitcoin Community goes nuts I'm listening to a Bitcoin guy the other night in X spaces and BT I said how much Bitcoin you got bro I can't tell you that I said then shut the [ __ ] up it's all like when the nfts were popularized everyone's like I'm an nft expert an AI expert oh as soon as chat PT comes out everyone's like oh I'm an we someone and like show me the book you wrote right right not not the [ __ ] paragraph not the three questions you asked I would say that's a good way to filter through just show me because the moment most people are going to do this why do you need all this why do you have to have all this data particularly the mentor community so the the the problem is with the people that want help can become targets you know and be taken advantage of I need help I need help everybody does by the way I needed help when I was 16 years old and a drug dealer got hold of me I'll help you bro and took me down a nasty road so that was my first experience with mentors right now it's like okay I need to pick people that I want to be like oh the guy's Rich okay good what's his family life look like what does he look like as a father what does he look like even the books I read you know before I go buy somebody's book and read their [ __ ] I'm like hey who are they oh he committed suicide when he was you know 57 I'm [ __ ] I ain't reading this yet you don't think but you don't you don't think there's something you could learn from that person I don't care I don't want to learn from that guy what about you learn what not to do you know what I mean like I feel like you bro why are you learning [ __ ] died kill why do I want to study a cat that freaking Tapped Out All I know is whatever he was doing he was so [ __ ] miserable with himself that he killed himself I got the whole world trying to kill me but I think there are such talented great minds out there but have been suffering from severe mental illness or depression but their thoughts are are genius brilliant couldn't you learn bits and pieces and exclude push out no I want to go read I'm going to go find the guy that didn't didn't terminate even if that person's knowledge what's the name guy's name that had the hit TV show who is this Anthony Bourdain yeah I ain't studying [ __ ] he did okay what's the comedian's name that Tapped Out Robin Williams [ __ ] him I ain't studying none of this [ __ ] because it didn't work but if you want to be a comedian and you want to you know what I mean no I'm going to study Kevin har I'm going to study Kevin har I'm study Dave Chappelle but there could be aspects of their life that work so well and then other aspects that just don't and you could study the aspects that work comedy if I'm studying his comedy his Pace his way to write a joke yeah cool but I'm not going to study him as a he's my mentor for life that's what I'm saying I tend to think that in everybody you could find bits and pieces that you agree with you time I I want to read about the winners man but you don't think that they won in certain aspects but if I can't read every book written I can't study I can't have that many mentors but then they could be great at like like you know could still yeah I'm I'm to study a great YouTuber do I study you or Mr Beast I would say Mr Beast absolutely we agree on that completely okay I'm not going to study both of you I'm gonna study him and I'm gonna go hard on that one guy and I'm not going to take hypothetically hypothetically yeah Mr Beast unives himself a year from now would that mean that everything you learned from Mr Beast doesn't apply anymore stud him about life I wasn't getting father advice from him I'm saying if I'm going to get the father advice I need to see the kids and how they're doing right now I would take you YouTube advice from him because I'm like [ __ ] his YouTube channel rocks okay and if I have a choice between his channel and your channel I'm taking his channel and I'm not going to study two people I'm going hard with one guy okay now before I take his advice on how to be fit I ain't going to do it I could see the way he's not fit like that's not my FIT advice right I'm going to go to somebody that can what is something you need help with dude I need help with a million things I got 99 problems um well I mean we're scaling a bunch of businesses out right now like where do you want to go here uh I think personally would would be really interesting just for yourself whether that be heal I get a lot I get a lot of help personally so so I'm not asking you guys for personal help because I go to my church for that yeah so anytime I have like spiritually I'm a little lost or confused or I'm making poor decisions I know exactly where to go I'm going Route myself to my church spend a week there two weeks there get it all routed out come back out and attack the world how did you get involved in the church where did where did you find that outlet I read the book dynetics somebody gave it to me when I was 25 years old I was just out a treatment center it helped me understand why I had you turned to drugs it was phenomenal you could you explain well it's in the book could you explain because we don't know anything about it yeah I mean if you want to learn about it it's in the book but but basically the book The the book D next is about a reactive mind it's about a mind that reacts rather than being analytical so for me I want to be more analytical than reactive even though I am quite I I I I tend to be a bit re I can be reactive right I don't mind fighting I don't mind you know getting angry I don't mind pushing back but I don't want to do that most of the time most of the time I just want to be analytical hey I have this much time I could do this I want to calc everything's a calculation the more analytical a person could be the better decisions they're going to make Yeah the more reactive oh this feels good let's do this let's sleep together you end up with herpes like that right you're you're emotional you know oh let's have a drink the drink leads to the weed the weed leads to the we that's emotional decision-making right so this book is about the reactive mind and how the mind acts operates reactively it responds and reacts not in a good way so it's like stoicism I don't know what stoicism is it's similar to that like the fundamental belief of stoicism is like okay I burnt my finger once and now I think all fire is unsafe this is what I'm talking about reactive a equals a that happened I can't never do it again okay somebody RI me off I can never I can never be never going to do business again I hired somebody uh and they quit or they betrayed me I'm never hiring another person I I went out with this girl she's a blonde and now I can't trust all blonds or freak that's reactive yeah yeah stoicism is it sounds similar because stoicism the whole idea is that you insert a gap between your resp your reaction and your response definitely definitely not definitely not definitely not analytical is 1 plus 1 equals 2 okay I can trust that answer okay you're offing to some other Buddha Buddha okay let's he keep going so so anyway when I read this book I'm like dude this explains why I had a drug addiction now the people at the Narcotics Anonymous in the rehab were telling me I had a I had an addiction that I had a disease and that I was always going to be powerless and this book's like no no bro okay and so that book helped me a lot and now I wouldn't start actually studying Scientology for another 20 years and I've been studying it now for 20 21 years it's been phenomenal for my personal life and that's all I want to say about I'm not I don't promote the church I don't work chur there does seem to be this correlation overall that there are some very successful people who are into Scientology why more than you know my friend more than you know it's not just Tom and John and Grant have you ever met Tom Cruz yes I have really at a Scientology event uh I've met him outside that actually first time I met him was at the burback airport did you connect with him over Scientology no no I connect he knew who I was really yeah do but you don't talk I was with I was with who was I with the other day I was with the mayor of not the mayor the governor uh what's his name Nome I was at the Beverly Hills at a Michael milin uh event I'm sitting in this chair right here uh Nome sitting right where Sabrina is he moves comes and sits right next to me and says bro nobody works harder than you do he's like I cannot get away from you on instant said this yeah and then he throws you an audit like right after exactly oh by the way yeah I said bro I cuz I'm not a fan right but I don't want to say anything yeah and I'm like how do you how do you R how do you like handle an entire State man people every day coming up with bad ideas telling you do this do that like it I got respect for a guy that can do that but the fact that Tom knows me or he knows me or Chappelle or it's because I've been on social man I use the social platforms to get to get attention these guys are not going to hit the follow button just so you know some of your best audience will never hit follow and will never comment but they're watching but in terms of Scientology why does it seem like so many people are successful within that maybe the technology there Works what is it what technology like what what is it you should grab a book dude anything you want like communication skills it teach you how to communicate teaches you how to raise children teach you how to have a marriage it teaches you uh how to how to have conditions in life and go from average that word you use multiple times and normal to like okay I want to create power in my life or affluence it allows you there's courses there about how to pick people how to ask good questions to be sure people you know I don't know if you guys have ever been a liability in your life I know I have and I know other people in my life that were friends and assets that became liabilities how can you spot those people yeah right their courses this is not a this is not a religion where you pray to a god right this is not where there's a dogma and you go to church on Sundays hit a knee and sign of the cross or whatever I'm not all I think all religions are valuable in in part and personally but this particular religion teaches somebody practically how to make their life better through knowing how life responds to the decisions that you make that makes so that's why it's called Scientology yeah it means knowing how to know thank you Scientology means knowing how to know how do I know so why is there such a negative connotation amongst the general public you ever studied religions no not really yeah there's a negative connotation on every religion since the beginning I agree but I think that they they're to varying degrees no they're they're all bro you you you got two people over there fighting in the desert right now over a religion mhm you got they killed Jesus Christ like this is not a new thing okay new ideas are resisted first they're resisted then they're criticized then they're adopted and then later they're like hey that's the thing we so you think because it's a new idea it's just being met with resistance such as all other new ideas 100% and it also these new ideas and this technology replaces some of the offerings being made to society today like drugs MH so like yeah what are some of the teachings when it comes to picking a person being a good father being a good role model like what are some of the the fundamental belief fundamental beliefs on that you mean my beliefs well the beliefs that would you would learn from you would subscribe to from Scientology I mean I I I don't know I I I don't know if another Scientologist would agree with this like it's not I'm not adopting their beliefs I have my own beliefs so a discovery your s of what's right for me like if you've ever met is that a virtue of Scientology is to figure out what certainly helped me it's like like what I said it's it's helped me in life be a better father for sure be a better parent but that's not because I read something said oh that's what I ascribe to I I get you know I analytically get to choose why would I want my kids out of the school system okay and then say oh [ __ ] that's going to be hard to do man I got a home school oh my God the responsibility is enormous so no dude I want him out of the school system cuz I don't want them in the school system with teachers that are unhappy with principls that are unhappy with the other kids that are unhappy and with the the parents of the other kids that are unhappy okay so I think I understand so Scientology doesn't necessarily show you exactly how to navigate a given circumstance it just instills that idea or value that you should always fall back on your thinking or analytical brain to then make decisions in the future not necessarily like this is how you become a good communicator follow the things there are some courses that can actually teach you what communication means okay most people think communication is just other more subjective things like being a good you know father teacher or something like that like it's more so just like study based off of your own experiences and then act accordingly and don't be resistant towards maybe some critiques and stuff like that I mean I look it's a it's a massive massive volume of of information you're not going to get it in this podcast and and I'm not the guy to get it from look I'm just a I'm just a parisher I'm just a guy that's benefited from it every area of my life is better because of it that's all I know so anybody that's interested in it or to go grab a book there's a book called problems of work phenomenal book on happiness and work and productivity how to be more productive as a human being there's communication courses most of these courses are free online you can literally go do an online course for free on how to have a relationship which most people suck at yeah how do you have a relationship well the seems like you have a great family your daughter seems like quite quite the r or die she's fantastic uh she she rolls with me a lot of places and they've been homeschooled for you know we took them out of the system for about six years ago right six walk us through that decision six years ago to remove both of your children Elena and I Elena is a phenomenal partner and and uh we went to her school country what dat Miami Country Day Miami Country Day and was $226,000 a kid okay they're good you know that's what we're thinking we go over there one day and we're I'm like this isn't good what about it the other kids what was wrong with the kids and everything they're not what I want my kids to be like what were they doing they look scared they look you know like what they what they're learning I'm like where's the confidence in these kids man where's the freaking happiness where's the the the the running and the like what are they learning let me see the books they're learning from I'm like I don't want to do this I didn't want to do it when I went to school did you guys like school no did you like it the education part not necessarily I'm like I'm not doing this to these kids this is this is ridiculous why do we keep doing this thing when we know it's not getting good products so we pulled them out of the school system elen and I decided okay we're going to be responsible for their education we're going to get a nanny we're going to get somebody to help and support them and I know a lot of people can't afford to do all that but I couldn't afford personally cost me a lot to do this because we have to put attention we had to re kind of redo our lives it's easier just to drop them off someplace I'm not talking about money right now and immediately man within two weeks we saw a change in them they were happier we were able to spend more time with them it was really for us to spend more time we were traveling yeah school system told me I couldn't take the kids out for three weeks to go on a we were going to do a 19 uh Country tour and they couldn't leave otherwise they would fail I'm like I ain't doing this yet I want control of my kids and they got better who's educating your daughters how how does it work sabran you you we she could she could hop in if you're comfortable yeah jump in blood jump in little blood we could always pull up another chair actually you want to pull up a chair here yeah yeah let me get your chair hold on okay so we're homeschooled through an online program and with this online program I get um you know a different course each year and within that course there's subdivisions you know math English biology um etc etc and with that program you have all the lessons all um the books everything you need to know everything you need to complete to finish the grade okay so I go through that and every year I finish each course um sorry now you're good I finish each course usually way ahead of uh normal school so last year I finished n9th grade in five months but who's educating you you know I'm kind of I'm kind of educating myself the program is educating uh me like do you have a teacher I have a tutor so with the tutor uh you know we do calls and he kind of like helps me um if there's anything I'm struggling with anything I don't quite understand so it helps me get caught up but with the program it has like um um like videos the same way you would um learn from a teacher it teaches you what it is in very simple terms do a week um maybe 10 10 hours so I agree that's the thing it's like actual learning you don't need more than that right I I do think that people need to learn from videos more than they do from teachers everyone learns at different speeds I'm C is there anything you missed from school like friends like your dad was saying you didn't like the people that were with you at school didn't like yeah okay you know I I never like I never liked any of my peers when I went to school okay you didn't like them at all no I hated them what did you hate about them was it sorry I didn't say that yeah she did that's I'm sorry her words not mine man I didn't hate them I didn't hate them not to be dramatic um I I didn't connect to them I've never connected with people my age I've never felt like they really understood me I've never formed close relationships with anyone really my age all my close friends are a good two or three years older than me um do you think that's because you've traveled so much with your dad and you've seen what he's done and been around him enough that it kind of makes you grow up faster you know maybe maybe but um like I would say like today my dad's my best friend my dad and my mom like I have a fantastic relationship with my parents like I feel like I can come to them for like anything and I'm not just saying that like genuinely um gas him up man gas no like genuinely and you know I I've done stuff more recently like I've done summer courses and all this stuff to like try to see like do I like the environment with other kids I've just never connected to it it's never really been my you don't have any interests that are like I would say like more normal or average sorry to use that famous word again every time you say you're be I know I'm just curious because like you know when I was 14 I had different interest than I have right now yeah I mean I do like I do sports like I do uh running I've done a Varity of different running programs like that's a fun way to talk to oh I did rowing once yeah that was horseback riding horse I did horseback riding for a time yeah I'm pretty good um so I I've connected great real estate I am great at real estate it's a very fun hobby of mine so you know I have like some different interests but um that I like to take up in my free time but um you know it's it's more for me it's just I I like producing like I genuinely do like producing things I like running okay can we PR this um this 5K today you know so okay so I I asked her that because remember how earlier in the conversation I asked what do you want out of your daughter do you want happiness and you said no you want productivity yeah and I asked them I'm like well as a daughter you know what I mean like if someone asked my dad what do you want out of your son and he was like ah productivity and he did well sorry not to but he said like not happiness I'll would be like oh you know like part of me would kind of I I would say hurt for that the problem with you know not the way I was raised because I we didn't have any money but with the way she's raised there's you know there's money she doesn't she never wants for anything everything's handled right so now the problem with that is she she grows up in an environment where first of all other kids are going to later accuse her her being a rich kid and number two that she could naturally take it you know take for granted oh I have a jet well no she doesn't have a jet I have a jet she gets to ride on my jet okay she could take that for granted I mean that would be easy to happen so that's why I'm telling you if when she leaves this thing and all of a sudden hits the world and she can't do anything that's a problem it'd be a problem for her right so what I want to do is with the homeschooling should get her out of the school system so that she can start being more productive in the real world and having experiences like this one right here yeah you there's no reason all kids should not be able to do what she is doing at 14 years old on that mic right now do you worry that maybe not having some of those experiences that you went through might mean that there are some situations that you're less prepared for I'm not saying like drugs or anything like that but I'm saying that having nothing like absolutely nothing and having to work your way up from that fair it's a fair it's a fair yeah so but what what do I do I shove her out there and say hey go learn it this way if my dad if my dad had not died my brother and I were talking about this the other day today I don't think I would be who I am today him not being there I'm not talking about all the bad years I'm not talking about the drug addiction that didn't make me who I am going down 10 years wasting all that 10 years that did not make me who I am but not having a dad and watching my Mom struggle started making me make decisions like this whole home thing probably why I don't think a home is a good deal it's CU I saw my mom having to sell the house as soon as he died because she could no longer to maintain it so dude I I mean I don't I I just want to give her the you know quick start in the world that she can like at least communicate to you what about the bar what about the bar being set so high like do you ever look at your dad and think how do I live up to that or exceed that expectation I mean that's definitely there like I don't want to like I like it would be I would feel so ashamed of myself if I did not if if I didn't do anything you know I had this opportunity I could have done something and if I if I like at the end of my life didn't do anything I will feel so ashamed of myself and you know maybe you know maybe that's not a good thing but I think that it is because it's going to force me um it's going to force me in my life to do something but who's deciding what anything is is that you or is that your father or is that Society I ever told you what to do no so what if like but it seems like you're anything is very similar to his anything right he's a role model for me I grew up I he's a role model for me you know mhm that makes sense he's an influence that makes sense to me mhm and um three what is you got to keep going like of course of course my ideas of what my future should look like is going to be reflected in him of course obviously I mean um like he's my main where I get what I how about this where are your differences because I'm sure you have a lot of similarities but where do you not see eye to eye with your dad some of his ideas like here we go all of them like sometimes I'm like you know I don't know how I feel about that like and I'll talk to him about it sometimes we'll have like these little debates in the car he thinks I'm arguing sometimes he's like Sabrina why do you keep arguing with me I'm like I'm not arguing with you I'm just trying to talk to you um you know we don't always see eye to eye on everything but uh we're like give him something yeah yeah we want we want some examples would you get free pass right now you can say anything you want to I'll give you an example like like I hit people really I hit people really hard like when somebody comes at me dude I hit back like like that reporter video everybody including my wife my co uh Jared the president of the company like man don't do that video Everybody for context Explain real quick this I took this guy on online called him out you were talking about it I don't know if that's helps you or hurts you you know that's their whole conversation about whether you even defend yourself so I get a lot of that she hears me hit people say I don't know that might have been too much I mean I I let that piece of paper go out the window the other day oh oh my God she he littered he littered that's that's a big no no I don't like that huge and it wasn't a big deal for me I'm like dude what do you mean so what what was the situation it was a piece of Pap it was a straw yeah oh was straw those were the one thing I give up paper straw bro paper straw paper straws could be okay it was the wrapping of a straw oh yeah plastic plas plastic and I was very disappointed I could not believe that he threw that out the window I didn't throw it he threw it the wind pulled it off my thing but did did you have it out and then yeah okay okay so yeah know but that is one thing like sometimes he's a little I'm just like man why do you have to be so aggressive with that person but hey look it gets the job done so is there anything that you've wanted to do that you've said no you can't do that a few a few something like going out in public like like without okay like um this a this a big issue it's a big issue for us so um I like running right right how I told you um he doesn't want me to run by myself you know I'm he he wants kind I get Mak get it 100% like I honestly do agree and I even got them to a point where I convinced them to let me go by myself and not have someone following me cuz it's kind of embarrassing to have somebody follow you while you run what if you want to stop you can't stop you have somebody right they're going to judge you I didn't know about that got a timer they're like oh you didn't make your time I'm like guys please yeah um I even got them to that point but then this young girl came to my house and she was like I saw you on your runs let's become friends and I was like okay who saw you just a random random girl she's like I've seen you out on runs I'm like okay well maybe uh we should go back I understand I get yeah take no I I I do that's the part that makes it so hard for me I agree with him but I don't like it would you say would you say he's overprotective as a father or you you think the right amount you know the the daughter in me wants to say he's overprotective but the person in me wants to say he's the right amount you know like the analytical human being wants to say that he's the right amount of overprotective yeah like you know they're they're actually both my parents are pretty pretty like relaxed you'd be surprised really like they let me like hang out with my friends they like me like I have social media and stuff like I know people who don't have social media do you regulate her social media at all really no we we uh the one thing we had it was younger it was probably four or five years ago and I went to her and I said her mom actually came to me and said I think there's a problem with the social I'm the better person to tell her than her mom is I just it's easier it's a different flow different kind of vibe right so there's always one parent that can you know do something she Elena can do better at certain things and then and we just got to know our little spots yeah and so I went to her and I'm like hey um I want to look at your your the channels you have the apps you have okay and I want you to tell me you must have been eight or nine at the time yeah tell me which one of these are good for you she started looking this one this one maybe not you know I said okay okay what how do you feel about YouTube oh no that step Graham's been popping up he's that guy's definitely suspect okay that guy I don't know about YouTube anymore because of him okay and then and she'd see Tik Tock oh that one's definitely bad that one and then I'm like okay what do you want to do with them next thing you know she's like I'm a delete that I'mma delete I'mma delete YouTube because of Graham and and and and and and I never want to see his face again that's fair and Instagram I'm gonna keep that I think I can keep that open but it was up to her not me yeah and if if I did that the way I grew up dude it'd be like give me your phone right I would take the phone and I would decide everything for them rather than giving them at 8 six seven eight years old and you can decide you know but do you do you worry about getting like waves of hate or criticism directed it like if I couldn't handle that at 14 yeah and like you're coming into this you might not's doing right now that's probably true yeah but I'm trying to think how that would affect me at that age versus now where it's been like a very slow buildup and you kind of build that you know you haven't been hit with the hate yet okay I remember the TC that you talked about earlier my wife and I met with him and he says and Elena's like Grant Grant's getting so much heat online you know and he just cracks up laughing just laughing he's like excuse me I mean this guy has gotten taken on as much hate as a human being can take online so it's like you're going to get it you know you're just going to it's going to all come at one time something's going to happen people are going to turn on you you know yeah it'll happen how do you internalize that at your age not to take it personally and to just expect that hey some people are going to say things some of it used to make me like a little bit upset but never when it was about me like ever because like I've seen stuff like people have said like things like about how I look I'm like stupid like just shut up like it doesn't even matter I'm 14 like the fact that you're commenting on a 14-year-old appearance is okay that's a mature stance okay whenever it actually made me upset was like when it was about my dad but then I started seeing the most ridiculous far off stuff and I was like okay if this is lies then all of it must be lies yeah I have a question regarding preno UPS because your wife didn't want one correct uhhuh I remember I saw her speak somewhere and she went on this whole spiel about you wanted a prenup and she says nope I'm not getting a prup we're not getting married the only way we're getting married no prup mhm and then you said okay yeah that's true why why did you agree at that time for no prenup you wanted one initially yeah I you know look I mean we'll play this out I later I'll find out whether this was the right thing to do or not you know um but but I don't think that's a problem right the the issue is not the prenup the issue is how am I going to live with another human being every day how am I going to get along how am I going to create you know how do I create when you're new in the marriage at 40 how do you create when you're 50 how do you create when you're 60 how do you create in in the later supposedly the golden years to make them golden a lot of things in my life are still to be played out and that that could be one of them that could be one of the most expensive decisions I ever made in my life what would you say to your daughter let's assume you're getri defitely get a prup that's what I was about to say what but what if love but it's the love of her life and he says I don't want to prup I'm not getting married I would tell her she will absolutely get a prenup 1,000% or she will never get she will never get access to my my whatever my bucket is how was your wife different in that scenario with you and her I don't know and and I don't want to turn this into to to a troll kind of clickbait thing but uh as much as you'll be tempted um but I think we would both look at it different today you know you know I was we we never dreamed our we would be where we're at right now we have there's four or five billion dollar for the real estate there's the the 11 companies that are probably worth three or four billion I never dude I never thought ever in my life lifetime we would be where we're at but we are and she she has participated despite the fact that she's not in the office doing X Y and Z and I am she has participated in many ways um beyond what I would have ever asked a wife to do for me she she has been a phenomenal partner for me and I hope this is never used in a in in in a court of law against me but but I mean in a deposition I would have to say yeah dude she participated now now I would not just for that let's say there was a divorce okay and she's like I want half I'm like dude that's not fair right she didn't participate 5050 you did unbelievable I don't even know how to measure what she's done the support never yet nag nagging on me never not one time in in 20 years saying oh you work too hard never not one time like rare arguments about anything like she's been a phenomenal partner uh child birth these two guys without drugs at home without us bringing them to hospital she's a [ __ ] Warrior Man okay so all that being said it still ain't worth half I just wanted that for the deposition how do you balance running a business and having such a happy marriage it's hard man that that's a very difficult thing to do it's very difficult I'm in I'm because I'm in the I'm in the I'm in the war every day right I'm in the I mean it is a to me every day is like is a battle I'm not this is not I'm not coasting yeah you know I'm not I'm not a coaster here I'm like I'm I'm uphill most the time most of my days are fours on a scale to 10 uh today would probably be like a three since I spent so much time with you guys but um especially this guy um but but rarely do I have eight or a nine day so I'm going home most of the time beat up Hammer didn't get what I wanted lost and then I go I got I got to be somebody else when when I get home and I'm not great at that right cuz I'm still dragging that with me so it's just it's it's a bit of a lot of communication yeah what's your advice to me I'm getting married next year yeah just get a get an agreement not just the not the prenups not the important thing it I mean I guess it could be but but more importantly what what what I would say is make sure that person is ready to go on the same ride you're you're you're you want to go on and that your ride might actually be bigger than you even know today if the if the past 33 years of your life is anything like the next 33 is like the last 33 you've underestimated everything you would do and did not predict most of the great things that you would do including what we're doing today sure even six years ago you didn't think we'd be doing this definitely now we're doing it so when you were six years old you never imagin you'd be in a room with all this gear so you have underestimated you've actually missed mess mispredicted all the things all your potential you'll do the same thing you'll look up later and say goddamn dude I had no idea I had this much potential much like a little kid does when he's riding a bike for the first time he can never imagine that he's going to be you know popping Willies riding a motorcycle one day because he's so overwhelmed by this one piece of Machinery so that's what I do just make sure she's on the same page for the whole ride bro sure you know and that's what I got from Elena I said look I'll give you anything except one thing I will not not ever compromise my dreams and I like to work I like to produce don't ever ask me not to this is my little this the thing I want to do and she's she never asked and don't spend a bunch of money on your wedding yeah no we're not spending that much stupid yeah you know yeah I think we're going to be Allin under 15 grand yeah that's fantastic brilliant brilliant probably going to turn to 20 but yeah maybe 25 you bringing him yeah he's officiating oh yeah what does that mean I get to like you read the whole thing yeah ohes he said and then we say I do oh cool you're Minister just apply online 20 bucks take mebody do online Minister easy easy where you going to do the wedding uh we're between two places one is a winery that we picked out and another is a friend's house okay and so the house would be a lot easier it's a really nice place and we we could have it basically the whole weekends it's simple but the winery looks a little nicer for photos so yeah yeah is there anything you're you're fearful of when it comes to your daughter in terms of like just growing up or entering the real world or yeah a lot of things man I worry about her and Scarlet more than any anything you know the first their liabilities for me right because I worry about somebody taking them you know I remember watching people get really successful and then they had to have security around them I'm like dude that's got to be terrible and then one day I'm like oh I got to have security you know not for me like me I'm not worried about me I'm worried about her so that that concerns me too is um the world out there dude it's like it's she went to what was that school you went to I went to Oxford for a summer camp yeah you think it's going to be a great school right she's calling me the first day saying hey these people are crazy what was what was wrong with it there was this one guy okay weed Vape um all that kind of stuff was all the kids were like just having it like it was two weeks okay people were like doing stuff with each other like sneak out and like going to each other's rooms Oxford as in like Oxford College Oxford College how how old were the people there yeah so everyone's old right 13 to 16 oh 13 to 16 oh wow okay it was insane it was insane it was not the experience that I wanted it was not the experience that I was expecting uh I went there to study politics and international relations I did not learn very much from that course that being said I did learn a little bit but we we went we did classes like two hours a day four days a week it's nothing you know um how much was it what did I pay for that eight grand or something more than that like God like like maybe too much too much they didn't feed us very well um but that that being said it was like kind of a good experience for me I kind of enjoyed it it was like fun to like live on my own I didn't like anyone there though but tell them tell them on the two days before you ended right before it ended I called you and said ask all the kids if they think it was worth what they parents paid oh nobody nobody agreed that that camp was worth it not a single kid not the ones who were selling weed and vape why did they disagree cuz the education was poor because the education was horrible and there was no there was no control in that school and the counselors knew what was happening but they were like okay if we don't catch you it doesn't matter they said that to us headline this they said to us if we don't catch you you can do whatever you want you know the kids they loved being wild and like free and doing whatever they want but they did not agree that it was worth their parents money and they thought it was a waste and none of them or at least like 90% of them are not going to go back next year so I mean it was it was a waste of money and probably a waste of time but um you know experience is there any part of you that wants to have that sort of teenage experience there is no part of me that I I I do not believe that I would enjoy that I've never been the kind of person who's liked to go to parties I've never liked to and this actually reminds me of a good point that school that I was going to Miami Country Day one of the best schools in Miami you know Shakira's kids go there I think jla's kids I think go there I'm not sure um I know Shakira's kids go there um and it is known by the alumni of the school and it is known by people my age who are aware of the schools in Miami that that school is a very druggy school there's a lot of drugs a lot of alcohol um like especially when it gets up to like high school and stuff um and there's there's also like a lot of rampant bullying there it's the weirdest thing you wouldn't think you wouldn't think you know you think nice school okay they're going to keep it control they're going to keep regulated keep the kids in line no kids do whatever they want I'm I really like to be in control I really like to be at like cause point of whatever I do I don't think any part of me would like to go drinking or to do drugs and I've never done any of that kind of stuff um and I have no interest in ever trying it to be honest what do you want to do in life yeah you know I'm not quite sure what I want to do I know I definitely like am interested in real estate and I do want to at this point um do what my dad's doing and help him with that and maybe eventually take it over one day um you know I had a Little Dream to run away to West Virginia randomly why West Virginia I don't know I think I read it in a book just I think I read about in a book and um open an ice cream shop and sell ice cream but I I realize now that that's not only unrealistic but also why would I do that ice cream could be a big business though ice cream could be very fun open a franch I could be like the next V in Jerry's yeah true yeah know ice cream would be very fun and I've always had a lot of like ice cream I don't even really like ice cream so I don't know oh okay yeah I don't know where that where that came from but I but do you still think about it ever or no no not at all no it was a it was a two- Monon thing don't know what was up with that she getting ready to get a car though that's a big oh yeah I am getting ready to get a car oh what's the car uh we we're well I'm trying to sell it to them if it was a vintage Bronco dude she would be over a vintage Bronco the deal the ones without airbags yes yeah but no doors on the side no roof so look I don't want it to be like a super nice car I don't want it to be like a snobby car I just want it to be something I can get around in but I also don't want it to be like end of the line like horrible like should not even be driven kind of car because like you know our family does have money and I do feel like I um do like help and exchange with my parents and I feel like having like a mid-range Car Sales is coming I'm waiting I'm waiting for the a mid-range car would be appropriate midrange car but but but the point here is she the thing she worries about more is like if she got something really nice she's like do not give me something really nice I want something a little bit um give us like some give us give us yeah some cars like the perfect car a realistic car and CRV something like a new you know on the CRV maybe something safe I want definitely not a sedan um I don't like being low to the ground okay um also like accidents you can get injured a lot more easily also I'm not planning on getting in any accidents so I could get I'm going to say an Audi q6 actually I have been told that I have been told that Audi Q I have yeah um well we'll see we'll see what kind what kind of car should I get get what kind of car should I get let me know I'm trying to say it to them as like a family car Alexis like a SUV Alexis SUV is a great car but no I'm curious about like running alone and driving alone couldn't there also be someone like just like tailing a car or something like that like where do you draw the line at that point I mean look at some point some point we just got to you know I mean can't always be with them some point it's just paranoia no no nobody's going to do anything she knows how to protect herself we're doing another class this year so um you know yeah there's other things that can be done so do you have a car picked out like no no not yet no okay um no but I'm really excited she's been driving since she was like 12 have you really yeah um like in parking lots and like with our cars and stuff and once down the PCH are you serious no yes I am serious sorry I am serious I'm not kiding are you not are you not nervous of just like down PCH there's a lot of cars a lot of traffick bicyclist really early in the morning so nobody was really out yet and um what car was it escal an escalator oh yeah a big car okay yeah so it was fun it was a very fun expence like some of this like when we were kids when I was a kid if you lived on a farm you'd be driving by now like a lot of these rules and regulations are just they're stying kids to even experience life right so like she can communicate we when we were raising her we we were like hey there's no strangers in our life okay like you meet you can meet everybody now you have to also keep two eyes open for bad people like there's bad people you have to keep but most people are not bad people and most people are not strangers or below you or above you they are people that you should communicate with and be excited about meeting and get to know and introduce yourself and have a conversation with but you have to have two eyes open for somebody that has bad intentions and maybe is evil or unconscious how do you spot that well there's courses on it how how to do that but but for the average person who's watching this right now and they're just like what can I look for what's a Telltale sign you know like knowing this yeah trust your knowingness trust what you know you know you don't feel good so intuition yeah and how how's this person what time of day is it you know if I'm meeting you at 2 o'clock in the afternoon it's different than if I'm meeting you at 2 o'clock in the morning so keep yourself out of situations that are dangerous Jamie Fox invited me to a birthday party he had once and I said okay guys when when is it and they said 3 o'clock in the morning I'm like I ain't going to that you know and they're like why not I said' because this is at 3:00 in the morning nothing good happens at 3:00 in the morning so um that's people need to make sure they're in a good Strong place before I'm worried about you I need to worry about me make sure I know I'm aware I'm conscious I'm not drunk I'm not smoking weed that I can make good good decisions sure have you ever heard of like hypomania no so it's a term that Tai Lopez says your favorite person Tai Tai I call him Tai Tai tie tie he'll like that I bet and uh it describes someone who has like excess levels or excessive levels of energy and like early in the morning they're like right out of bed you know ready to take on the day all the way until the time where they they go to bed and they don't need very much sleep to function like five six hours would you say that this is a trait that you have I get eight hours of sleep a day it seems like like you're you're pretty energetic okay which is good it's a good thing because it's a trait that you can see what's it called hypo Mania hypom Mania it's a trait that you can see disproportionately in like the ultra wealthy and successful people they're very much go go go go go they're always doing something when we were talking to him he said he probably has hypomania as well as his mother yeah yeah yeah I don't I don't know I don't think I have any Manas I think I'm focused I think I have intention you know I know I there's certain targets I want to hit daily weekly monthly and in my lifetime and that's what I'm focused on so unfortunately a lot of times you know like that old stigma of work uh work addiction or uh work see we are a compulsive obsessive or obsessive if you want a clean environment you're OCD or something all the things that would suggest something POS overachiever is a problem yeah like I want to be an overachiever I hope she's an overachiever that'll be up to her but I want to be I want a clean environment I don't like stuff all over the place I would never tolerate this never that's that's Jack that was no whatever whatever it's not it's unacceptable you should take a shot of it you know we will show your audience what I'm looking at pretty messy because because to me those like there should be order so if I'm hiring somebody I want to know am I hiring the right person because the interview is [ __ ] but how do they take care of their car how do they dress when did they show up did they show up on time when I ask them to hey man pass my phone back to me do they say uh why or they just pass the phone back see that's a good guy you can duplicate an order so there's just little tricks you can do to hack who who is the person across from you yeah I am curious before before we wrap this up uh healthwise you seem you're in incredible shape thank you seem to be aging backwards how do you how do you do this and you have zero wrinkles on your forehead is another thing BX no I do have wrinkles look at my wrinkles no you don't I have more wrinkles than you it has I have more wrinkles than you yeah less than half your age I don't think so man it has to you 65 years of life on this face how do you do it is it is it my my no one is my face is very I have this face that can handle a lot of beating up okay if you see this scar right here yeah see that you see these over the over the eyes both those are scars right there you can't see them why' you no I don't really those are 76 stitches my my head and face so my head my face is very uh like that why did you need 76 stitches cuz I got I got pistol whipped with a gun pistol whipped yeah when I was 23 so someone hit you with the somebody took the front of a 45 caliber jammed it in in here right here okay where your where your things go and and jam that in there and then you see this big raised bump on my head right here and then cut over cut me with the back of the gun on both my over both my eyes and then my mouth how did he cut you with the back of the pistol why were you like constrained or something yes 100% I was constrained really yeah how is it is this inappropriate to talk about but I'm very curious like how how did you get put in this situation when when you hang around with the wrong people so they tied you up or something no they didn't tie me up but they're holding you or something yeah wow yeah so anyway but that doesn't explain how do you that we have more wrinkles than you do well I don't I don't I don't think you have more wrinkles than I I but that and they and they stay a little bit now cuz I've been thinking about doing B tongs yeah cuz I don't like their wrinkles well do whatever you got to do to feel good about yourself just don't get beat up in a process so that's what I would recommend I stay away from that yeah yeah so the other thing is 10x Health like you walk you saw you see this Blue Water right here we we uh no no you see the blue yeah there was I noticed there was a blue ttin to it I do everything I can man what is that that I'm we're working on this ingredient right now I don't want to announce it yet because I'm not ready but um we also don't want to promote it just in case just just not yet yet so I'm working on so you're the guine pig so yeah we I bought a company called uh streamline you might have seen Gary Brea on it he'd be a good guy to be on oh I would like to have him on yeah and uh Gary was uh taking care of and me uh maybe three or four years ago we ended up buying this company and just we just blew that company up he did he did some stuff with Dana White a whole bunch of celebrities that we're working with now check out see how Steve Harvey's doing Steve looks better than he's ever looked so anyway we're using some Alternative Healthcare to take care of people and and uh I'm the first one that jumps on that stuff and try it use it see if it can stop or slow down aging and uh but it's back to this thing about man what can I do to feed the the machine so that it operates how often are you working out every day how do you do that when you travel I didn't today okay yeah that is impressive got to push you guys around a little bit Yeah I need it I've I mean I've been going but I could certainly be better and this has been my first Frappuccino thing in like three four years so like I broke this shoulder what February and they three guys wanted to do surgery on it I said no I'll fix it myself I'll I'll handle it in the gym and uh now I'm back to using it you know I could do this man I couldn't do this for the first from February till July I couldn't do that I didn't have to put the screws or the metal or the the bolts in my arm yeah would you say you feel financially secure do I feel F yeah of course yeah I mean I can't spend the money I have it's impossible I would have to be like I don't think that I could I don't think that I could get rid of it if I wanted to so you feel in a it's more coming from place of like abundance and scarcity well there's still things I can't do so that there there's a level of scarcity because I can't there's some things I can't do that I'd like to do MH do you worry about the statistic that after three generations most wealth has gone away yeah and how do you prevent something like that like what what values will you instill I just worry about the Next Generation like let me get this one done let me my job's not done and then I don't know that they're even interested in the game if they're not interested in the game they seems like it they don't get the game well she is today but today she says you know but I don't who knows I mean who knows any of this right so but it doesn't mean they get it the person that's going to be most qualified and wants it the most is going to get it they've had a good ride already yeah I kind of want it so maybe I could throw my name into that sure man you're a good dude I like give it a shot yeah uh is there anything else Jack I think that's good yeah we don't want to hold you guys to apprciate thank you so much for coming on thank you for coming on this completely unexpected surpr surprise St that was great you know what how about this we'll end it on this any what what are the values that you think all parents should be instilling in their children you know I would just say first of all I don't want to give parental advice to anybody because I know how personal that is I would tell you that pulling the kids out of the school system has been I will look back and say that was the best thing we could do and everybody said oh my God they're not going to be socialized they're not going to know how to talk to people oh they're going to miss so much I'm like I hope so I wanted to miss all that and so right now it's working out good uh number two thing I was tell you got to spend more time with your kids and if they're at school all day and you're at work all day and when they come home you're tired you're not spending really quality time with them um so I would say that and and then I mean what other advice would I give kids uh parents parents you know stop using drugs at home stop don't use don't don't drink around your kids um and be successful and take care of yourself you can't if you're going to feed them Cheerios and you're going to eat Cheerios you guys are both going to be obese we have the highest obesity on planet Earth the highest obesity is one of America's great products now obesity the highest population of people that are prescribe drugs live in this country we consume more prescription medication in this country than every other country combined on planet Earth so we have the fattest people we have the most uh the most medicated people and we have a society that has the most guns and I believe in the guns I just don't believe in the first two because the people with the guns aren't going to be able to use them because they're too fat to get to their gun and or they're too medicated to get to it so that's my only advice you got any advice CH any advice to parents kids give the advice kids um let's see uh I don't know you know be disciplined you know it's like hard like you don't want to go to school you just got to make yourself do it sometimes like I've learned a lot from having to have my homeschool program and having to have have to do it tonight and not be able to put it off till tomorrow have to do this have to do that have to have to uh you know help out have to do blah blah blah blah blah I've learned a lot from that so be like be disciplined to make yourself do stuff like I I think that that will probably be when I'm like an adult and stuff that will probably be one of the greatest lessons I ever learned so um just learn how to be disciplined I think you should do more than this popping on podcasts if your dad is speaking on stage popping on and popping off yeah on and popping off I I speaking oh you do um yeah know I've spoken to 34,000 people um when I was when I was nine when I was 9 years old um I spoke to was that at 10x event okay I spoke to 10,000 people in manderlay Bay and that speech um got I think I think like 8 million views than any video oh my gosh yeah so um I I I do speaking publicly and it's a lot of fun for me I really I really enjoy it like it's like one of the one of the fun factors in my life that's really cool yeah that's awesome well thank you both so much for your time really appreciate it thank you for doing that appr yeah thanks for hopping on thanks for let me come on that was great we love it yeah sorry to keep you a little later long interviews man