Confronting MeetKevin | How He Makes $1,000,000 Per Month

Welcome back to the 19th ever iced coffee. What's it called? Hour. So, we should redo that. You're good. You're good. Let's leave it in there. Let's keep it in there. No edits. Keep going. Oh, okay. Uh, we have made to date $4,790. And in this video that we will get demonetized in, we'll probably lose some money. I hope not. Now, for those that are not aware, first of all, the lengths that we had to go through to get you on the podcast. This is a big deal. We all got uh illness tests right before coming on the podcast. So, none of us were positive. We're all negative, but uh that was a pretty penny to get uh tested. Yeah. Like that. It's uh but we made it. And and it it feels weird because I almost feel like back to normal now because this has been the first social gathering that I've had without masks. And I think even if I counted masks, I've had like two social gatherings since the pandemic began. And that's six months now. Six and a half months of quarantine. This is exciting for us to have you on because it's it's a huge deal because not only did our video that we do together where you lost $2 million in Tesla, dude, it's at like 300,000 views now. But your channel has exploded this year. This is the year of meet Kevin. No. Oh yeah. Yeah. Seriously, I think in a few months you're going to have more views total than I will on YouTube. No way. Yeah, you're almost at 150 million views so far. My gosh. And I'm at uh 196. Now I have a goal. You're catch But you're catching up by 6 million views a month. Wow. You're gaining on me. Wow. Yeah. Okay. Well, I'm going to I'm going to go to five videos a day now. Good. So, really quick, I think it's important to know who you are. So, if you wouldn't mind just giving us like a 30 second background for anyone who's tuning in who doesn't know your channel. Yeah, totally. So, uh went to UCLA, real estate broker. I'm 28, uh married, got two kids, and uh yeah, now you know, I started making YouTube videos after I saw Graham talking about real estate. Yeah. Uh and I'm like, if Graham can do it, I can do it. Oh, geez. Thanks. This idiot can do it, anyone can do it. But uh and then I think I I reached out to you uh for uh what was it? Uh a sprinkles cupcake. Yes. Yeah. And that's how we met. Yeah. I remember your email. You sent me an email. I think I was back at like 60,000 subscribers or 50,000 subscribers on the channel. You reached out and your email was basically we're like the same person. Really? That that's how it sounded. How so? What in the email? The similarities between them. Do you have it? Oh my gosh. I can find it. Hold on one sec. You know, it wouldn't surprise me because we both started buying real estate so early and that's something I always try to pay to drive home is buy real estate. Buy real estate. And that's if there's anything I did well over the last 10 years is it's just buying real estate. I still I can never spell your last name even to this day. Kevin. Yeah. First name. Okay. Got it. I can type. You want me to type it for you? No. P AF. P A FF. R A T. Well, you messed it up already. R. Not Patty. R A T. There we go. I can't I can't type. That's impossible. Yeah, I know. No, no, no, no, no, no, no, no, no. Is that it? It's a love letter. Look at it. October 13th. This is an exposed 2017. We're coming up on the anniversary. Almost we're almost 3 years now. Almost 3 years ago, this happened. Uh, Ken, I'm gonna read this. No, I'm drinking. I mean, this is just water, of course. All right. Hi, Graham. A lot of your audience on YouTube seems to be younger and either aspiring or newer. Having watched you since your 7,000 sub days, which wasn't even that long ago. Congrats. I know we share a lot of the same philosophies and wanted to offer potential talks in film sites, renovations in progress on either flips or rental deals. I personally don't flip. Now, keep in mind, I have not seen his email since back then. I have not looked at it. So, this is the first time I've been seeing this almost 3 years. I'm 25. With my wife, we own just over $4 million in properties, almost exclusively single family rentals. I usually sell about $20 million per year, about 40 deals. No door knockocking or ferry customer service. I'm my own broker. We just started a renovation business exclusively for our clients. Meetand.com. We have neat ideas that I think could benefit your channel and offer growth in both YouTube and real estate. Best wishes for your continued growth, Kevin. P.S. I started at 18 after quitting at Red Robin and almost quit college UCLA. I've walked in the footsteps of your viewers. And I responded back, "Yes, let me know when you can talk." And I gave my phone number. That's it. And then what? Since then, we've been to North Carolina. Where where we've been? We've been to a lot of places. Washington DC was fun. Canada. And we've just been going to Vegas. Oh, yeah. Uh giving talks on real estate and YouTube. Vegas a few times. Yes. And it seemed like at least two of your big viral hits I was with you. Oh. As they took off. Yeah. It was the the credit card one. Credit card one and JPM. Tesla one too. Maybe the Tesla one. I forget. Yeah. That's amazing. So hopefully we have another banger coming tomorrow. Let's get Kevin Olry to number one on trending. Jeez. Yeah. That video is really good. Thank you. If you haven't watched Graham's Kevin Olri video, watch it. He basically through Graham makes fun of me. Margin on stocks. Yeah. Where do we even start? We want to talk about the margin on stock. Let's go right into margin on stocks. So tell us from the beginning of the holes. You made millions of dollars in Tesla stock. How did this start? Yeah. You know, uh, well, I think it all started with just having bought the Model X. And I think one of the weirdest things was I don't even know if I should say this but it was when we were driving to Vegas uh or we were driving somewhere and it's just like a 7-hour drive and the car is on autopilot and it's like I'm editing like credit cards exposed on my laptop in the car like 3 years ago or two years ago probably at this point. Uh, and uh, you know, ever since I started realizing this autopilot was really so powerful, I I couldn't get away from Tesla and I I'm so cautious of of getting brainwashed into the the hype of it because if you look online, everything's just like hype fest on Tesla, especially the online. But, um, I don't know. What do you think? Am I just overhyping Tesla or But to me, it's like if if I could if I if I could only pick one stock, that's the only stock I would buy. So, but back then, how much did you invest in Tesla stock? Oh, okay. So, uh, when I first bought the car, it sucked. So, nothing. Then it got better. Why would you say it sucked? Oh, it was horrible. The crap I went through with the car. I have an old old video somewhere. But I had um almost every time I went to get in the car, I would have errors. So, you'd get in, it was autopilot not available, car can't start, car needs service. There was a time where I was late for an appointment, I got in and it was doing some weird bugs. I called Tesla and they said, "Here's what you got to do. take your key, walk 5 minutes away from the car. So, so you're distant from the car so the car can just hard reset alone. Wow. And then I came back and the problem was and I'm like, what? This is the stupidest. I thought I bought a lemon. Wow. Yeah. And then I saw the car go from lemon to not lemon and I'm like, they did that all over the air? That's new, you know? Wow. So, I I think that's really what got me so inspired. Uh and then uh you know, I How heavy did I go on Tesla? I think I probably was 400k in on Tesla before the pandemic. Before the pandemic. Okay. So, what was your average buy in? Because you were buying in a lot. I remember uh when I sold at 914, you were buying more. I still buying. Yeah. I was just looking at it right now. Uh the uh you know, I hope I didn't mess up the mic there. But before the pandemic and I just sold a little bit right before battery day because I want we'll talk about that in a second here. Uh but let's pop it up. So, here's Tesla. This is just the M1 Finance. So, it's 190. Jeez, man. Look at that. 90 and it's what 3.4 or whatever in now. Yeah, you have more in Tesla than I have in the entire market right now. And it it's very poorly diversified. I think the only way I could which I heard in in the Kevin Olri video, 5% per stock, and I'm like, nah, that ain't me. You went against everything that he said with the margin, but you made money. Do you think that was luck or do you think that there's strategy behind this? Yeah, I mean, it's it's always hard to say looking back. I think um I I think probably what really messed me up was back when I was initially buying real estate. All I would do when I was saving money in between deals was buy Apple and it always did well for me over the last decade. And for me, I almost see Tesla as like the next decades, the Tesla decade. And I think they're just at the beginning of their growth curve. You know, now we look at the stock, it's like, oh, it's exponential. I think it's the start of of an exponential curve for them. We'll see. I mean, who knows? And I don't want to just come here and Tesla hype everything. Is that scary you though to have so much money in Tesla? What's your margin right now? Yeah. Um, so if if I what I did is uh so I've got my Robin Hood margin paid off. I've got my Weeble margin paid off because there was a point in July where I was like really heavy in margin. What was that like 3 million in margin? Right. Uh more more pro probably at one point I was somewhere around like 3 and 1 half to 4 million in margin. Yeah. Uh, and so one of the one of the reasons for that though is on some deals I had to panic close quickly on some that like for example I had a real estate deal where the seller was in hospice going to die any day and the lender's like we just need a oneweek extension. We need a oneweek extension. The seller's like he's not going to make it and then we're going to go into probate and then I'm not going to get the deal. And so there were probably about three deals this summer where I took around $1.5 million out just to buy real estate cash. M so my view has always been okay well if I'm if I'm borrowing on margin to buy real estate cash I always have that as a piggy bank so if necessary I can get a loan on that real estate and uh and sort of break that piggy bank and then pay down margin that's true but it's slow right refinance these days 45 days worst case you could always get a hard money loan at like 10 or 11% for a year anyone would lend you at that bridge it right that's a good point yeah yeah so I I think that real estate really gave me the confidence to maybe be hyperfocused on individual stocks, which is probably a mistake, but I I think real estate is my biggest diversity. I mean, now uh this month, uh the first couple weeks of October once this next one closes, uh I'll I'll be at like 16 in real estate a total, right? I have mortgages on these million for anyone. Yeah. And and I was just I was on my run with Lauren today, so 16 million in. The debt's probably somewhere around nine. Uh it but I was on my run with Lauren today. I go even if we just averaged 1% just appreciation alone 1% appreciation on that it's 160 grand just 1%. It's unbelievable. My thought is is this enough because you have enough right now where you could pay off all the margin. You could even pay off probably a lot of the real estate and just call it quits. You won that. You already beat the game. Yeah. Now you're just making us look bad. Stop. No. No. No. No. No. You know I don't I don't know what it is. I think probably the biggest problem I have is working too much. Uh it's just always, you know, not not having enough time for the family or the kids or putting work first. And and so now I'm trying to do this new schedule where I'm working from 5 to 2 is is the goal. So I wake up at like 4:57 and I try to be done at 2. And my view is if I can get, you know, three or four videos out, great. And then spend time with the family to have that balance. But I used to in that original email that you you pulled up there, I had a disclaimer at the bottom. Kevin takes Saturdays off to spend time with family. I did that for two years. Saturdays were the worst day of the entire week for two years because because you couldn't work. I got nothing done. I felt I was so anxious about all the things I wasn't doing that I actually felt stressed and like a like terrible about myself uh for taking a day off to spend time with family. Now, if I work from 5 to 2 really hard, it's like, okay, you know, I had some good videos or or made some good progress in real estate, then I get off at two and I feel really fulfilled. Like, now I'm going to go on a run with the family. Now I'm going to, you know, watch Twilight with Lauren, you know, whatever. Uh, and uh that I don't know. I think that's almost what what helps me have some semblance of happiness. Yeah, that's the hardest thing to get is a balance. Why do you think you work so much? I've Lauren's been trying to figure that out with me, too. Is why has Has it always been like this? Yeah, it's always been this. Always been like this since when when did you notice that maybe you had a thing for work? Um, probably my first job. Uh, which Red Robin? Uh, actually, so a couple before that. Juice. Hollister. Hollister. That's it. Yeah. Yeah. Uh, and and then as soon Yeah. looking at me like as as soon as I um as soon as my manager found out that I was volunteering for the police department, she cut my hours to zero. Why? Well, I think her one of uh one of the people in her family had uh been like discriminated against by a cop or something like that. And so I'm like, well, shouldn't have said that. There goes that job. So, wow. But I spent three years with law enforcement. Yeah. Uh and but yeah, I mean I I don't know. I I always worked at my jobs like it was my own business. And it was really frustrating because I'll never forget scraping mold off the shelves of Jamba Juice in the back. Nobody else would do that stuff. And it's just like this is my shop, you know? I'm going to do it as best as I can. Uh and then after a year of doing that, they give me a 10-centent raise. I'm like, I'm out of here. Right. So, you've so you've always had this knack to want to continue working because your work ethic is something that I think just we're all shocked about it. Like we have group texts between all the finance people and we're like Kevin just posted his fourth video today. No, you don't. Seriously. And I'm not in these chats. I'm being No. No. So we have we have a a Vegas we have a Vegas chat between me, Jeremy, and Andre. And so it's between the three of us that will be like, "Did you see Kevin's like fifth video today? How does he do it? How can he do this?" And we're all in shock at like just the momentum. Cuz I remember we talked a few months ago. I'm like, "Dude, you're going to get burnt out doing this after like 3 months, two months. How you're not going to sustain it?" You've done it. You've like doubled the length where I thought you would be able to do it and not get burnt out. It's quite bizarre. Uh nowadays with with this new schedule that I have, the the 5 to2, I wake up in the morning and I'm jazzed to do it. Like I I don't know what it is. I'm just like, "Oh my gosh, I can't believe Jerome Powell did this." right? Like, and that sounds like so stupid, but for me, uh, it's it's almost like dual purpose because the more I know about what's going on in the government, and the more I could see that's going on with stimulus or or the Fed or whatever, the more it makes me feel comfortable about my real estate investments. Yeah. But let's let's go deeper. Why work so much? What does that give you? Yeah. Like, I'm trying I'm trying to get down for like self-fululfillment, you know, because the reason I asked I'm the exact same way. Yeah. So, like I'm trying to get your perspective and your point of view to better understand mine. I'm the same way. Like I just I love it. Like I'm excited to wake up every single morning and be like, "Okay, now I can get to work." Like I I love it. There's something about it that just makes me feel fulfilled. So I'm curious from your perspective. Yeah. I I can't say that it's a dollar amount just because Lauren and I, we don't spend much on ourselves. You know, I'll buy equipment. Anything that that I could justify as workrelated, I'll spend a lot of money on. Uh but uh yeah, I I don't know because you're right. I mean, we I was thinking about it, too. It's just sell all the stocks, pay off half the properties uh and and just just coast. I mean, I could also just sell everything and put our entire net worth into AT&T and and take a 7% dividend and not have to work ever again. Uh you know, so I I don't I don't know why. I think that's the weird thing is it's not it can't be a number. You got to have you got to have an idea. It can't it's not a number. I know that. Uh number doesn't mean much in the bank account. I think maybe is it notoriety? Is it is it having a sense of having a purpose? What what it that's so not it's purpose purpose more like I I feel like one of the things that I I love doing that a lot of people don't love so much is buying fixer uppers and then holding them as rentals. Especially here in California. That's a hard thing to grasp. Like why why does that make sense? Because the cash flow is not that great out here. Uh, and I think really expanding on that business model is something that that I'm just so jazzed about. Uh, something that that I could just I could keep doing and I I don't have a boss. I could do that myself. What purpose does that give you rental properties? Well, you know, this is it's almost like a uh I studied some philosophy at at UCLA where they're like, "Okay, well, what's the purpose of this? What's the purpose of this?" And it all goes down. I remember Aristotle said it all comes down to living a good life was was their conclusion. And I read those because I'm I have the same curiosity as you. Like what's the bottom line? Like why am I doing all this? There are some days you wake up and you're like, I don't want to do anything today. Or you wake up excited and then then you can't get anything done. Like the creativity doesn't come, right? Those days happen. So there are frustrations that come with it all. And yeah, it makes you wonder like we'll just quit and forget everything. But I don't know. Here I am. I just keep waking up every day. But you haven't thought about why. Like what's your end result? What's the end goal? No. Uh because yeah, I tell Lauren, I go, "So, what are we going to do? We're just going to go live in in uh I mean, one day I'd love to live on like the coast of Spain or uh the coast of uh France or something. Have that Mediterranean climate like we do uh here in SoCal, but but just live somewhere over there on the Mediterranean Sea and just hang out like in all those movies." Uh but I don't know that I'm ever going to do it because I just keep working and it's almost like a sin. Like why? Like stop. I don't know. Do you think you'd be happy if you were to just completely stop working? Because I think you're similar to Kevin Olirri because he said that what he wanted to do was finally retire. So he took three years of his life where he said he wanted to visit every single like famous beach in the world. Oh wow. Yeah. That's what he said he wanted to do and he went and he did that but then he wanted to come home so bad like a year into it because he was miserable. He just wanted to continue working. Do you think that that's something that you could see yourself doing? I could see that, you know, having that experience with those Saturdays off. And it's so weird because I remember being in high school and it's like school sucks, you know, like I hated school. Like I would ditch school and I I would always get detention or I didn't, you know, suspended from school, internal suspension they called it. Uh and I would do anything to escape. Uh so I'd park my car in the construction yard so there's no gate to get out and so I could go play World of Warcraft. That was like my my childhood. uh Runescape, Splinter Cell or whatever. Uh I hated school and I think it's almost like if if if you're just not like I can grow with this. I I saw no growing with school. I'm like I hate it. It sucks. Like get me out of here. But well with this I feel like I could keep growing. I keep I could keep buying houses. I could keep fixing up crappy houses and and getting tenants into houses and keep doing it. Why? I don't know. I feel like a rat on a hamster wheel, but I like my wheel. What is it about it that you like so much? The houses. Yeah. Cuz it's It sounds like it's not money. Is it the challenge? Is it I mean, the before and afters are nice, you know? But, uh, see, I got tired of it. At first, I loved being able to put your own touch on a house. Like, for me, it was like so be like, that's my house. I own that one. And put all your own touches on it and colors on it. And people drive by and you're like, I picked out that color and those trims and those are my hedges out front. It's cool, but after a while, now I'm like, I'm over it. I'm not I'm not trying to get more work like that. True. You know, that's interesting you said that. It's almost I'm thinking now it's almost like becoming a game. Like, how uh little can I spend per project? And they all have the same formula. So, it's the same cabinet pain, it's the same wall paint, it's the same baseboards. To the point where the people that I work with, the the the crew that I work with, great great guys, uh it's just like, "All right, here's another one." and they already walk in, they go, "All right, I know I got to get this, this, this, this." And it makes it so easy to where when I'm off at 2, I go check in on the properties and the guys are doing great stuff. And so, I think maybe another vision that I have is uh part of what you read in that email that that meet and done business is uh if I can have a lot of employees, so to speak, or or maybe just workers because they're all 1099. They make their own schedule. They come when they want to work, but uh workers that I could constantly provide work for. And and if I had just like an army of amazing people like that, like, "Don't worry, I got another project for you. I got another project for you." And they were able to come to work, not have to deal with clients, not have to deal with call backs, not have to deal with all the crap that contractors usually have to deal with because it's the same formula. Every property is exactly the same. There's no mystery to it. I think that almost gives me happiness. Like I feel happy just talking about the idea of like an army of 200 people that always have work that I'm able to provide for them. Okay. Yeah. Is it 200? And right now it's three at one point. And that's the future goal is is the army vision. No, right now it's three really great workers. Uh and uh like you know great painter, great other people. But yeah, in the future I think that that would be such a wonderful thing. My failure with meet and done was doing work for other people. Explain what Meet and Dun is. Yeah. So, meet and done was uh my vision of being a real estate broker to where I could go to somebody and say, "I'll sell your house the way it is, or you can hire my contracting business." Why is that blinking right there? Yeah, it's So, this is a a crappy Canon R that they charge like three grand for and it overheats. So, it's overheating. So, it's overheating on on uh I didn't think it would do that on 1080p, but yeah, it's overheating. So, uh, in a few minutes it'll melt and we'll just look at the other camera. Okay. Yeah. Uh, yeah, they say there's a firmware update or I'm still within Amazon's 30-day return policy and it's going back. Jeez. Okay, whatever. Uh, yeah. Where uh, so, uh, Rena's people. Meet and done. Meet and done. Yes. Real estate broker. Hey, you want to sell your house? Hey, I can sell your house as is. You could also hire my contracting business and we'll fix it up for you and we'll even do a loan for you. We'll lend you the money to fix it up. I was meet and lend and then Lauren would come in and do meet and stage. Gosh, you guys. Everything. No, literally top to bottom or we'll just buy it as is as a cash investor. Wow. Yeah. But where the failure was, the business worked amazingly until I started uh taking on individual clients who are like, "No, I want this crown molding. No, I want this paint. No, I want this cabinet." It was it it went away from me from my vision. It became their vision. And I don't like that. I want my vision. Uh, and actually the more we just talk about it, the more it's almost like, you know, I I think that's maybe what it is is finding your own purpose and building that. That reminds me, you called into Grant Cardone and he told you to shut that down, didn't he? Wait, wait. I think it just I think it just shut down. That guy will he'll come back and uh that camera melted. That camera will come back. Will it come back automatically? No. Well, we'll have to uh we'll have to recruit help here in 10 minutes. It should be Is it really going to be 10 minutes for this? You know, I have no idea, honestly. Uh, it's u it I I thought if I filmed on 1080 it wouldn't do that, but it still does cuz Why don't we film at 720? Did that camera come out? Uh, it just came out like 2 months ago. Why don't we film at 720? Um, that's pretty I don't I don't know that it's that. I think it just sucks. So, um, should we just get the other your other camera? I'm going to grab the other camera. Yeah, let's do that. Pop the other camera there. So, what then made you do the switch to YouTube? Oh, wow. Yeah. Why? Why from real estate to YouTube? Because this has been a recent I would say the last year, the growth or what? My switch. I would say just focusing on YouTube. Oh. Oh, the switch in general. Oh, yeah. Yeah. Yeah. Um, no, I sorry. Completely agree with you. Oh, I feel like a klutz. Sorry. Um yeah, it's um YouTube was so fascinating because I was able to uh share my perspective which I kind of layered initially on top of because my first video was in reference to you or or Cardone, you had brought that up. Uh and uh you know, everybody has different perspectives and that's the beautiful thing about YouTube is you really have the opportunity to share uh hey that's a great way to do it. Here's another way. And uh it's it's shocking to see that there are people who resonate with that. I I always thought like there's no way I'm ever going to get to 10,000 subscribers or 100K. Oh my gosh. A dream. You got to 10K from my video. Yeah. Yeah. Pretty much. Pretty much. So, you enjoy the work of YouTube more than you enjoy any other work. Oh my gosh. Well, I enjoy You know what? I think we're we're actually creating a conclusion here that that you have been kind of looking for that I didn't even know myself. Yeah, the I love that I'm like fully my own boss because when I was constantly representing clients, when I emailed you, I was doing 40 deals. So, you're talking 40 deals in a year. You're you're dealing with 60 70 clients because not all of them are going to close. So, 60 or 70 serious and more on top of that. Yeah. uh not having to drop everything to do what somebody else wants and instead being able to have my own desires and like no we're doing this on this property. It it's it's so fulfilling. You know, the the architects, the the workers, the electricians, they call me, what do you want to do? What do you want to do with this problem? Well, this is what we're going to do cuz I get to decide. But I remember that. But I remember in the beginning of YouTube, you took a totally different approach from everybody else. You really made the content unique. Kevin filmed in bushes. He would go film in playgrounds. He would film behind buildings. I mean, it was just weird stuff. I remember watching your first video on me thinking it was like some type of hit piece or something. And I watched it. At first, I was like, "This is strange." But he's not saying anything bad, but the title is like what Graham Stefen isn't telling you as if I'm hiding something. And he's filming in a bush and then he's jumping out of a playground. And it's just weird stuff. weird. And you continued that through pretty much every single video. And then you took the pivot, I think about 20,000 subscribers to do exposed videos. This was It's hilarious. Back at a time, back back in the day when exposed videos were a thing, like when when you put exposed in the title, people clicked. Now you put exposed in the title, no one cares. Nobody cares anymore. But back then, three years ago, you put Grant Cardone exposed. Maybe we bleep out that name. Let's bleep out that name. But we we can talk about that if you want. Can we talk about it fully? Okay. So, uh Wow. Wow. That opens up a lot. So, you That's a fun story. So, so you could do exposed videos and you took a liking to someone in particular. The videos wrote themselves, man. I shouldn't say that. It's It's funny now. Most people don't know this. The the crazy thing is now is that you've grown so much for the stimulus content that no one really remembers the old stuff. You're the the real Kevin, the Kevin that's behind the stimulus content used to be really good at doing exposed videos. Those were your forte. What you would do is you'd pick these like I the these internet gurus uh and you would pick them apart and find everything wrong with them and make it known. I mean, it's terrible. The thing is I I always loved watching these videos cuz I knew it was going to be like this juicy gossip of finance stuff that no one would have would ever say, but you would just go all out and just say it. That's probably funny. Where where did that come from? Uh yeah. So I think probably the the inside Kevin uh is uh I I don't know. I I call myself a little crazy like just when there there are times when if I could just be fully me. I'm I just feel like I'm just doing whatever I want like fun crazy things. And those videos were almost that expression. Yeah. You know news which is is more what I'm doing now financial news uh is really quick. Yeah. Didn't I tell you like 2 and 1/2 years ago? I don't know what you're talking about. You should be doing news. Didn't I tell you that? You did. You did. 2 and 1/2 years ago. I'm like, everything you've told me has been right. Seriously, I I kid you not. Everything I told you, all of my recommendations for you have been right. Yeah. Well, I um I would not be doing what I'm doing if it weren't for me even having reached out to you. There we go. Yeah. No, I will sincerely say that. Money. I should have taken a credit back then. Be like, you 10% of everything you make. Hey, you you get all my Teachable renewals. You get 30% on those. Do I? Yeah, you should you should check, man. Otherwise, they're ripping you off cuz I for sure used your affiliate. I'm paying them like five grand a month. I don't think I don't think I am getting that. But, uh, we'll check. I I'll check. But anyway, so that's what the transition. So, yeah. But no, no, no. The the expose videos back then, you know, it's not something that I almost am proud of. Uh it's it's uh something that I look back on like that's uh Kevin in his natural state. Uh and uh and I think it's uh it's too jaded. Uh you know, I think it's better to just look at the positive. Uh so I've really had more of a shift there. Some people say I'm too optimistic. And I've always been a very optimistic person, but uh I always thought that it was almost like my job to be like this protector. I'm like, "No, don't tell somebody they can't buy a single family and make a lot of money. I will make 30 videos on you. Yeah. I almost think it wasn't that. My honest thought is that you liked pushing the line. Oh, I do love that. You love just like I still do that. You know, just just picking at people like just poking them, poking them, poking them, and just waiting until the moment where they finally snap back. And I think your thing is you find it fun to see how far away you could get with something before they'll they'll punch back. That's what I That's what I honestly think. Yeah. Yeah. I I'm not I'm not good at following rules. That's another thing that gives me a lot of happiness actually is is having that freedom from from rules. We moved out of uh and and I love my in-laws, but we moved out of my in-laws parents house when Lauren and I were living there because there were rules. I uh I stopped caring about school because of rules. I stopped caring about But I think you you purposely like going against what other people are saying. I think if everyone agreed that this candle is orange, let's just say, you would purposely be like that's a different shade of and you would purposely because you like that challenge. Cuz here's the here's the thing. I I'm going to bring this up. Back in the day, you said you would never do a course. Remember that? You did, too. I just But that's true. That's too But I but I openly talked about why I changed my perspective and what led that. You said the same thing better. You said you said the same thing too. What I thought back then because I came out with my real estate course and I remember you saying back then that you were going to give the same thing but free on YouTube. I said that. Yeah. Yeah. I remember that. And you came out with the whole course and then I think you realized that no one was watching those videos. That's the problem. And then you just said, "Well, if I charge people for it now, now they're all going to watch it." And they did. Yeah. Yeah. Yeah. The the course transition was always really interesting because I went into it and thought, "Oh my gosh, why?" Like, I didn't monetize my channel. You told me to monetize my channel. Uh and uh yeah, it's fascinating when when people sign up for a course, it's almost like and they pay money for it. It's almost like they're motivated like, "Oh my gosh, I'm going to get through all these sections." And people they go through like I mean the 350 lectures I have in the invest like oh my gosh like people will go through this stuff and and it's almost like they come out a different human but uh you can't do that on YouTube because it doesn't get views like I can't do chapter 6.2 how to you know get the use net present value to get the best deal on loan. I can't do that on YouTube. Who's going to click on that? Instead Grant Cardone exposed. Boom. 800,000 views baby. It's true. How long do those videos take you to do? Are they still up? Could people still walk there? Of course. Sure. Yeah. I've been asked many times to remove them. So, are you allowed to talk? Cuz didn't you get Cardone? I could talk about all day long. Okay. So, you were sued twice. Yeah. Yeah. Oh, yeah. I've been sued. Uh that's why I created the shirts. Don't sue me. I should have worn that. Don't sue me, bro. Yeah. Uh but honestly, I've I've almost tried to distance myself from the don't sue me, bro. because uh it it it reminds me of when when I did take a more jaded approach. Uh, part of me thinks, and I'm not trying to blame it on that, but part of me thinks that was almost like a law enforcement issue because I think, you know, cops have obviously, you know, not the best rap, especially in in today's day and age, but having been on the road for, you know, 1500 to to 2,000 hours, I kind of started almost becoming jaded because of what it was like to be in that car, uh, and and to see the the police pursuits and the brutality and and, you know, on all sides, you know. Um, and that it was almost like I I was going when I was 17, 18 years old, just finishing up, not not doing it anymore. I'm going into Starbucks and I'm twitching around looking where everybody's hands are and it it really jades you. And and that stuck with me uh until well into my 20s. And I think I'm finally becoming a lot more like chill and and you know, more trusting and less jaded. So, what does that have to do with the exposed videos? Oh, because that to me that's totally just what what what being being almost like a detective in the police was and we would train with either the SWAT team or detectives on case files and it was an incredible time and I really miss that time. So, you're trying to police the internet, so to speak. Yeah, you could say that. Yeah. Yeah. I I don't recommend it. I cannot recommend it. No. And I would never do it again. If I could go back, I wouldn't do it again. Did I told you though for the record? Yes, he did. Told you not to do that. What What have you told Graham? Have you told Graham anything that he's imp Now you're putting me on the spot. I mean I think we share a lot of great ideas. I don't know that there's something we can we can individually point to, but I mean we share a lot of great ideas. That's a fancy answer of saying no. No. Okay. Well, um yeah, that's another thing that I've really started trying to distance myself from a lot. And this is a thing that actually takes a lot of happiness away. I notic in and I'm just going to talk about myself, but I remember in It's all about you, man. No, in in it's kind of okay in 2018 19 even a lot of me I felt like it was me relative to other people right and that is toxic I call it like the toxicity of relativity I think I talked about it in your video the first video I did I I may have I don't know but anyway um the last few months I've uh stopped looking at social blade I've stopped looking at uh other people's subs and other people's videos. And sometimes people are like, "Oh, didn't you see this person's video? They talked about you." And I've almost tried to just distance myself and just go, I'm just going to talk about what I want to talk about, which I love the financial news. I'm going to put it out there. And I try my best to stay away. I like to be supportive. So, you know, uh you and Jeremy, I'll pop in. I'll leave comments. Um, but most of most of the way I just try to ignore it because it it's comparing myself to other people takes all of my joy away. All of like any of the success that I could have a great video that I put out. It it ranks the best out of my last 10 videos and then I go look at somebody else and they got more videos faster or more views faster than me and I I the rest of the day is ruined. It's like miserable. Clear value tax. No, you know, I tr Steven Gardner. I I mean I think they're both great. uh they have a really good way of of uh connecting with their audience. That's one of my problems is uh it it takes a while for people to kind of crack the Kevin shell. I'm told like initially people like I just want to punch you in the face. I get that all the time the time too. Yeah. No, you have a very punchable punch. They comment that a lot. Thanks. But but you you warm up to people way faster. Uh it like people I feel like people connect with you way faster and I think that's something that helps. Analytical. You're too analytical for most people. They could be. That's the reason why Steven Gardner is like the first thing when I watch Steven Gardner, I think Family Man. Oh, yeah. It's just like he just took a break from hanging out with his kids and his wife to go and film a 10-minute video, upload it, and you know, he's right back to his dad. He's got a big heart. That's that's what I think when I think Steven Gardner. Um, and then Clear Value Tax is such a character. It's it's just a character. It's like this guy, he's just he gets angry sometimes. He sounds frustrated when he's talking about Nancy Pelosi. It's just Nancy Pelosi and it's just though just his whole demeanor is it's it's kind of like it makes you want to like you feel it with you. It's it's an you don't feel it when you talk about Nancy Pelosi. It's just no it's just it's analytical. It's just the facts. That's really what it comes down to. It's just facts. I could see that. And yeah, that demographic is smaller. The people who just want facts. I think your demographic is very smart. They're very educated people. Um, but they're very analytical. Yeah, maybe. Uh, I I you know, I haven't figured myself out. You That's That's one thing I I realize is whatever. It's almost It feels like every year I look back at myself, I'm like, I was an idiot last year. If you're continually thinking that what you did the previous year is something different. You've changed. It sounds like you're figuring yourself out. Like the whole optimism thing is crazy because now you get to put like a positive spin on everything. That seems like the best kind of progress that you can have. It's it's um it's made me happier. Uh and I'll I'll never forget being in in high school and I was uh I did speech and debate in high school. I was giving uh I was doing a debate and my finishing argument and this was going to like take home the win on on this debate I was having with with this person I was like totally big rivals with uh was uh I started talking there was some sort of optimism argument that I had and so I put it to the class and surveyed this class of like 40 debaters like who hears more optimistic more often than they are pessimistic I got like five votes 35 out of the 40 people were like no I'm I generally look at the cup half empty half full and and that's when like that has stuck with me since then and I think possibly maybe that's why the clear value has that and I'm not saying he looks at the cup half empty but but I think that appeals to that demographic. Yeah. Yeah. Because it's that anger that incitement is is powerful. I think that's what you see with news media now today. CNN is trying to incite anger. Fox is trying to incite anger. That is just human nature. That's how we're wired. I think it's bad. It takes it robs happiness because we are more risk averse than we are willing to take a risk to gain profit. Right. Right. Because we're scared of what could happen. Yes. Of course. Same with a lot of our video title. I mean it's a lot of it is negative is essentially is the market about to crash is like no that's fine. Hold index funds. There you go. 100%. It's uh negativity sells. Uh and what do they say? Negativity travels seven times as fast as positive. Why not play into that? My whole thing is you could play into the negativity with the headline, but then you could turn around the perception in the video because if I said real estate's going up 10% next, but no one would watch it. No one watch it. So they get no value from it. On the other hand, is real estate market about to collapse? 10 times the amount of views. And in the video, you explain your reasoning so that by the end of it, they're like, "Okay, now I feel comfortable." So it's it's you acknowledge human psychology and then you have once you're there, you have an effort to change perception. Yeah. Yeah. I I think almost every YouTuber has to almost do that. Uh you know, I think there there are certain niches in YouTube that can get away with not having to do any of that. Specifically, probably tech. You know, you you show something on a thumbnail. You don't you don't have to necessarily be super negative unless you disagree with that. No, that's a foldable phone. Everything was negative. Those are all trending. Okay. All right. Think of Tesla. The problem with Tesla Tesla, the truth after 15,000. People want to know what's wrong. Like, think of it. When you buy something, wouldn't you rather, wouldn't you rather know if you're about to buy this camera, what's wrong with the camera first or what's right. Yeah. That's true with anything. You'd rather know first what's I'll do my first tech review on that one right there. Yeah, we could try to turn that one back on again. I know you're right. Otherwise, it's like if everything is fine with it, you get what you pay for. Fine. It's boring. But what's wrong? Well, that's it's that's an interesting almost just uh human nature thing that I I think you brought up very well that uh Yeah. Yeah. That's that's the thing about life though. And I think just going to that original question though, what brings happiness? I think that probably answers it for me is is u uh optimism not relative and uh and providing for other people, you know, pro providing jobs and and security for other people. But uh you know, you did bring up Cardone. Should we talk about that? Yeah. Ask me some questions. Oh man, what? So, you made a video on him. Do you know? No, I've I've told a year ago. A long time ago. You've told me. Yeah. This is what we tell. This is our campfire here. Gather the kids around and tell a spooky story for Halloween. That time Uncle G. Kevin. Speaking of which, do you know that he's supposed to be on Undercover Billionaire? Wow. Yeah. He's the next Undercover Billionaire. Where's my phone? Are you serious? Yeah. Yeah. Yeah. He's uh and uh wow, rumor has it, no sources to be sourced here. Uh rumor has it he uh co uh kind of hurt the outcome and so now they're trying to delay posting it or like the Cardone camp's trying to delay getting it out uh because they they don't want the result to be what it is now. So what's under what's undercover billionaire? What is this? Cuz I'm thinking like undercover jobs like where they go and behind the scenes. They had it's a Discovery Channel show. They they did one with uh it was he was a really good guy. I don't remember who it was, but they did a whole season where basically they give someone a h 100red bucks in a cell phone and they're like, "Oh, you know, go start a business or whatever." 90 days. Yeah. Yeah. It's a great concept. Uh but he actually somewhere he has an Instagram that has like uh 150 followers on his his starting new account. And uh 150 Oh, yeah. because nobody knows about this yet, right? Uh but yeah, it's funny because I made so many Cardone exposed videos. Uh I get I I get all the hits on Cardone. It's hilarious. Uh but you know the Instagram find him. I do know the Instagram. You're not going to shout it out though. No, I'll gladly shout it out. I don't care. I mean, good for him. I I think it's awesome he got on that. I just can't figure out what it is now. Uh there's got to be a way I could go to followers. I got 138. It's got to be one of these. Uh so I'll find it. Okay. But uh but yeah, you know, I I have to give Cardone credit because he gave me plenty of content to make plenty of videos from. Your biggest videos back then were Grant Cardone exposed videos or just exposed videos in general. Yes. And I remember those would take you about a week to do research and film. You would post and it would just be an instant hit. I mean, I remember back then you were getting like 20,000 views the first hour, which back then for your channel, that would be the equivalent of me getting like 500,000 views in an hour. the first hour relative to the subscribers. Relative to the subscribers, just these videos just took off and would get hundreds of thousands of views. Again, it would be like me getting 10 million views on a video. I wonder if he blocked me cuz I can't find him anymore. I wouldn't be surprised because he blocked me on the other one. Then I'd have to go in my email. What did you do to Grant Cardone? Oh, well, I think all the videos probably did. Oh, I found him. Real Louise Curtis. There he is. See, look at that. real Luis Curtis Grant. And then, hey, look at that. Look at the followers. 252 followers. What was the point of this? I think this was his undercover uh billionaire. See there? His name's Pueblo. And you'll have to put these pictures on screen. This is him with a co mask back on July 19th. Uh there's this undercover look with the the glasses they gave him and stuff. So, they just had they set him out and he's got to make money now. Yeah. And I think he made some marketing business or something like that. know as well as well that's and and I don't know this but the rule yes will work for a million dollars and as a sign or like I don't know whatever these silly things he's got out here uh I haven't looked but uh yeah no somebody uh somebody reached out and said just uh you know hey just FYI like I know this is happening uh here's the Instagram and that's crazy to have those connections like no one would find that ever and to know someone who's in on that to message you when you see all this, it's pretty remarkable. It It's It's weird though. Uh but yeah, I mean I think probably I shouldn't have delivered flowers to his office. Let me explain it because we're circling what you did. You made many videos. Many a video exposing. Yeah. Grant Cardone. That was You made 40 at least. It was a lot. I thought it was like less than 10. No, it was a lot of videos. They all got such good views. Well, that's the thing. you sometimes if you do one video and people love it and they're and I remember back then people were literally commenting on my channel can you expose Grant Cardone could you like they already knew what it was but can you expose him can you expose him so anyway you made a lot of videos on Grant Cardone and for what was it April Fools or no no it was uh Christmas Christmas 20 was it night 18 you wanted to fly to Florida and deliver flowers to his office and you rented a whole big U-Haul truck. He bought like $2,000 worth of flowers, poinsettia flowers. That's right. Dressed as elves in a Santa with a megaphone um to deliver. And I told you not to do it. I said it was a bad idea. But but that was a point, too. Uh uh we were hanging out with Danny Duncan and I think you got the inspiration from Danny Duncan to be like just pulling some silly little prank. Said don't do it. We're not Danny Duncan. We can't do that. So, you flew to Florida and you filmed this video and I told you you sent it to me and I remember being in Vegas gambling. Yeah. Walking into a Yeah. I was I was at like at the crap stable. You send me this video. I stepped aside. I watch it like don't post it. Don't post the video and like 5 minutes later it goes live. This is so And I remember watching the video just it's a bad idea. U the whole thing went wrong. You pushed the boundaries. Grant Cardone sued for trespassing. and you went through an expensive lawsuit, you won. Then I told you don't post about the lawsuit that you won and you did post about the lawsuit that you won. And then he sues you again for something else. And uh I'm like just don't post this time about winning and he didn't post that time. So anyway, but that's not the only one. There's another one I we won't talk about the other one, but there's someone else who can't be named also sued you for um you know it's it's a touchy one, but another personal finance person. We'll put it that way. I won't I can bleep it. So, how much were both of those lawsuits? How much that cost you? Well, so uh I think to to back up a tiny bit, you're right. There was a time that uh I was very interested in, hey, let's like let's do the the Kevin in the wilderness prank style videos. Uh and and that's very common. Not in the finance space at all. That's very common in in the other spaces. And I had gone to the uh what's that house called where Mr. Beast did the uh circle challenge. Oh, the phase house. It was it was No, it was the hype house and then before that it was the Faze House, right? Yeah. uh and I think uh probably a little overexposed to the whole idea of pranks and challenges. Uh Korea, well, we could do this in finance. Uh and so that led to uh what I thought were creative ideas uh to to create a point. But obviously uh not all ideas work out. That is something that uh one of my flaws is I will try something uh even if it has a good chance of failing. And and I I admit that that's that's a failure. There are there are a lot of times in my life where I look, yeah, I've done two steps forward, one step back. Probably could have been in a much better place if I didn't do some of those one step backs. Fortunately, I will say, uh, both of the lawsuits, uh, you know, yeah, while they they probably cost $150,000, uh, tax write off. It's over. I didn't lose. Uh, they're gone. lost. Well, see, for to well, the Cardone ones were a joke because they they I got sued for stalking, not trespassing, stalking. And yeah, and they used they used the YouTube videos to suggest that I was a stalker, but that doesn't work. Uh and so then they said, "Okay, well, we have two instances where Kevin personally stalked me." And in one of the instances, Cardone wasn't even there. And so the judge is like, "You got nothing." Uh, so that was nicely thrown out. So that was easy. But the way the legal system works in America is, and this is something to to take away, is if you get sued and you don't have a contract, there's something called the American rule that says you're responsible for your own legal fees. So he has an in-house legal counsel who gets paid a salary no matter what. because it's a domestic violence lawsuit. He doesn't have filing fees at the court. Uh so he gets to file a lawsuit for free, no extra charges with his attorney to try to make my life miserable. I pay 40 or 50 grand. Uh def getting to in front of a judge to where they dismiss the lawsuit and I'm stuck with I'm stuck with the bill. I'm stuck paying my my part. So yeah, I mean there's there's something where uh now when people ask me for example, which I get all the time, they're like, "Kevin, should should I have an LLC?" That's probably the most common question I get is, "I need an LLC. I need an LLC. I need an LLC. You're going to start a 3D Matterport business. Got to have an LLC. You're going to be an agent. Got to have an LLC. Going to have real real estate, got to have an LLC." It's bull. It does nothing for you. Uh what does good for you is insurance. Proper insurance. If you're doing the stuff I was doing, media insurance is a good idea. if you know you're a landlord, the proper umbrella policies and things like that. But uh you know, I've been in depositions and uh I have an S corporation does nothing for you unless you're ready to have a professional CPA who knows everything about your books and your company and handles the books for your company who could testify and know everything about your company and then forensic accountants who are able to corroborate that separate bankrupt that company and just let it go or let it go BK. Yeah. It's it's worthless. So, uh, the life lessons that I've learned from those I think have been profitable or will be profitable in the long term. So, I'm excited about that. Want to switch cameras? So, they seem pretty expensive, but uh, they also seem worthwhile, those life lessons. Every failure I've had from meet and done, which lost me like 200 grand, to the lawsuits or being an idiot in school or or doing goofy things because even though and then that's one of my problems. My fatal flaws I feel like is I will get told from a million people, "Don't do it. Don't do it. Don't do it." And I will just do it anyway because I had to. And nothing's changed. When I was 16, I was told, "You're you're going on too many ride alongs with with law enforcement. You can only go on a ride along one day a week." I was so pissed. I went in at 12:00 a.m. midnight. And I did the night shift and the day shift in the same day. So, I got two ride alongs. They were so pissed cuz I got that. It was one day. You like pushing the boundaries. That's all. That's that's all. It always comes back to that cuz you will never listen unless you learn yourself the hard way. Yes. Yes. Yes. Uh and and I admit that's a flaw, but uh I still do. No, you say it's a flaw, but at the same time, if you've learned such valuable lessons from all experiences, yeah, they're expensive, but at the same time, you said it would probably prove worthy at some point in the future. ROI on those expensive lessons. I I would say even just um from a happiness point of view, the the ROI return has been endless because I've I've experienced so many different things and and failed in so many ways that I can really look at the successes and go, I'm happy and and that's that's really helpful. So, it's almost like if I only had successes without failures, it wouldn't be as good. I don't know. So, it's not so much a shortcoming anymore. No, no. I look back at every stupid thing I've done and and I just laugh about it now. But you're also, it's good for you because I know that there are definitely people out there that have failures and then they spin it in a way to where they like can't use that failure to be productive or grow in the future. But you obviously you're able to use these failures that you've had and turn them into learning experiences. And that's also that's not something everyone can do. Yeah. I I mean I don't know. May maybe maybe there are just some failures you can't learn that are just like I'm an idiot and you dumb. That was really dumb. That's true. You know, but uh but hey, you know, if you can make the best of everything, it things the day goes by happier. Uh and there are days that I freak out, you know, when when like cuz the way I've set up my studio and you were asking me, I think during the break, is like why why did I spend $150,000 on my studio? It's so that when I walk in there, everything's perfect. Just I don't have to set up anything. I push a couple buttons and I start filming. Uh and and there are those times where it's like something goes wrong and I'm like like that frustration comes over. But uh everything I've I'm what I'm trying to do is just systemize every part of my life where like been there, don't need to do that again. Been there, don't need to do that again. And I'm always trying to find where's that just that left lane on the highway where I can set autopilot and go. And that's almost kind of that groove that I feel like I'm in right now. Okay, there's a real estate deal. Great. We've got the formula for it. Okay, this is a news a breaking news topic. All right, we're going to do the thumbnail first. We got our clapper ready. Uh, you know, we got what we're going to wear. You got to have the clapper. Uh, you know, I didn't I don't got any face powder, but I got to get some face powder on and, uh, you're good to go. You know, uh, see, I run really hot, too. People always wonder like, why are you always wearing a jacket? It's because my studio is 65°. It's like 80 in here, dude. I'm dying. Oh, it's hot in here. It's hot. I'm wearing a jacket weather. Totally fine right now. LA weather is hard to get used to. You told me, you asked me what I like about the difference between here and the place we're from. I mean, here it's so hot all the time. Yes. It's probably a 10° difference. Hot all the time. Oh my god. No, it's fine. That's why I'm wearing a jacket. I'm totally fine. Oh my gosh. I'm hot in here. Well, hey. Well, Ventur's here, but uh 73°. It's 90 in here. No, we have the AC on. We have the AC on. You don't have AC? Yeah, we do. What? Yeah, it says open. It's set at 73 cuz it's colder outside than it is inside. Oh my god. That's funny. You said you run it at like 67. That's what we run in at our place as well. I have cold. Oh, no. Oh, no, no, no. We Oh, it's nice. No, no, no, no, no, no, no. 73 last night. It was kind of cold, you know. Well, everybody's different. That's the other thing, too. And that's one thing that I mean, like I have three air conditioners in my office and in the in the studio. Uh, and I freeze out. Lauren comes like, I'm not going in there. It's too cold. I'm like, good. Don't touch anything. Freeze everybody out of there. Uh but uh yeah, finding finding those those systems and then when things you know the funny thing or maybe it's not even the funny thing just the coolest thing about our world is you know when you're doing something right and you know when you're doing something wrong. You do something wrong. Oh, you get sued. You you do something right. Oh, the views go up and keep doing more of that. Right. All right. So, you make a lot of stimulus content now. Do you get bored of making stimulus content? I I don't. I really enjoy it. I at least one a day, right? And my goal is if I could do one stim, one real estate, one stock video a day. Perfect. Stim like you have a shortened name for it. Sure. Oh, yeah. I found once you started doing two stimulus updates a day every So I need my morning update where where my stimulus is and then my evening update. How do you do that? Like where do you get all the news from to be able to come up with this like information at least 10 minutes of talking points? I I think that almost goes back to uh high school because I we the debate style that I did was called student congress and so it was it's all reading. It was I get four newspapers delivered. I have every news subscription there is and I'm I read to the end of these articles to really understand like every perspective possible and then I could try to put this together into okay this is what's really going on between the lines because every reporter has their own spin too. You read the Washington Post, they're left here. You know, people are like, "The New York Times is way left. The New York Times is way less left than the Washington Post." And then you start noticing where the biases are. Okay, Politico's slightly left, right? The Economist kind of in the middle. The Financial Times, they're a little left. You go to Fox, they're obviously much more on the right. You know, you go to the Tax Foundation, a little right. And you start noticing these differences, and then you tie them together, and it's like, "Oh, okay. I can see a perspective here that I could share." Uh, and I I love that. I love that. How many minutes or hours you would you say you read of news every single day? Uh, you know, in terms of news, I'm probably reading. Okay. Where do you get it? What sites? What sites? Everything. It's No, don't say everything. Where's Where's your sources? You use Reddit? No, that's one thing I don't use. I mean, it's mostly I go to the the you got to go to like the secondary pages of the big sites. Tell us some sites. Wall Street Journal, New York Times, Journal, New York Times, The Post, uh, you know, the Financial Times. amazing content. Uh, but I'll even read foreign affairs. Uh, these all these boring things that nobody reads, The Economist and stuff like that. I have this weird thing where I like reading all that boring stuff and and then just condensing it into into something that How much time do you spend every day reading? Reading is most of it. See, like the filming and editing is fast. I edit my videos in about 5 minutes. You've been You posted your video, your income breakdown. We needed a title for this video. Your income breakdown. You make $30,000 a day. Yeah. Yeah. So, there were I'll be transparent with this. Uh, I don't think I've told you this. Uh, there were two I shouldn't say this. Uh, I can bleep anything if you want. No, no, it's No, we're going to leave it in. No, you're There were two months this year that I crossed seven figures. You serious? Investing though, right? No. Wait, how? Yeah. Oh my. Is that That's something I've always wanted to do. Yeah. Um, so yeah, it's uh it's been uh it's been a ride. So what do you what do you do with that? Where does it go? All real estate. With the exception of stocks in the meantime. Let's talk about taxes for a second. The seven figures. How does that how is that divided up? Like because I know that your AdSense like I I mean my AdSense almost hit 300k. What are your courses? I'm curious. Courses because you plug the courses a lot. Um, well, I would say probably uh and I have a lot of them. Uh, and and I think that helps. But, uh, you know, if if I can consistently be, you know, three, four a day, that's awesome. But taxes. Yeah. How much are you going to pay in taxes this year? Yeah. Um, well, ideally very little. And that's the hardest thing. This is I've actually just recently been kind of thinking about why is it why really why is it that Donald Trump doesn't want to show his tax returns. I personally believe it's because there are so many real estate loopholes to take such advanced depreciation on on buildings and you just continue to purchase buildings that you continuously as somebody who's a a full-time real estate investor uh or real estate uh what do they call it professional licensed real estate broker you get to take all of these extra losses that normally people can't take. This this camera battery died. Oh, we'll flip it on really quick. Um, Jack, would you mind turning that one off? So, once Wait, let's just finish this this thing. Um, so you're saying then that his tax return is so intricate and he's got so many deductions and write-offs and figured out so many loopholes that the average person would not be able to decipher that and just see the net and be like, he's not making as much money as we think he is. He is probably getting tax refund checks. And I think that would make people who see Trump as a billionaire, not not trying to get political here, but I think that would destroy uh people's perceptions and I think that would be very damaging to the brand that's supposed to be this this mega, you know, income brand. But I mean, the reality is that's that's the way business works almost. That's the that's almost how these tax laws are written is uh you get uh for example, you know, take Cardone for example. He's going to have zero income taxes for 2 years on probably $20 million a year of income because he bought a plane for 40, you know, 40 mil. Brilliant. Uh he's just eradicated uh you know, all these taxes that you have to pay and now you have an amazing marketing tool. It's brilliant. Uh and he markets himself as a billionaire using other people's money. Brilliant. Uh but uh yeah, the taxes I mean the plane example. So my understanding with that is you buy let's say a $50 million plane. Now you could write off, let's say you make $10 million a year, buy a $50 million plane, you're able to write off that entire cost of the plane in the first year as a business write off and then carry those extra $4 million losses into the following four years. Yeah, absolutely. I mean, now, but the other thing is that when you sell the plane, you'll pay taxes on that recapture, unless you could maybe find a way to 1031 that plane. Can you 1031 a plane? All you have to do Sure. Because all you have to do is buy a new plane and then write that one off, right? But sell the old plane. Yeah. Yeah. So, because now you have this entirely new deduction again coming in on your new purchase. Uh, so no, wait, wait, wait, wait. So, let's say I write off $50 million on a plane. Yep. Zero cost basis for 20 basis. Sell it for 20. Now, I go and buy a new plane for 60. Don't I pay recapture? Sure. On that 20 on the 20, but now you're running on it. So, you have to keep buying more expensive planes every day. Of course, but think about how brilliant that is because that's how they're getting American industry moving. Like you what they don't want is you to make a lot of money and do nothing. you get taxed out the butt. Uh, and and that's by design. What they want is, okay, you've been successful. You've made a lot of money. Now, we want you to look at the tax code and figure out where are your deductions. Well, where are deductions for Kevin? Kevin, you're a real estate professional. Go buy a ton of real estate. Here are all the deductions. Why can't someone craft something that people could buy in milliondoll increments that could be a 100% tax write off that have value that you could 1031? Because my thought is this for for people that don't know, you could buy a vehicle, what is it? The section 179 deduction. So if a vehicle weighs more than 6,000 lb, uh in the first year you could write off bonus depreciation of 100%. So a Tesla Model X is one of those things that you could buy. The first year it's $100,000. You write off the full amount off your income. Why isn't someone going and creating a million dollar vehicle, let's just say that's £7,000, but it's lined with gold or precious metal or something that has intrinsic value. So, sure, you're buying this vehicle, but what it's actually comprised of is gold or something like that, investment or something, right? Or that car's price is pegged to the US dollar. Just something like that. It doesn't even need to move. just some vehicle that you could say can drive a foot and you buy that 100% for business use, but that vehicle has a value that you could then retain at any point and get loans against for income. But why hasn't someone created that yet? Well, I think that's the art industry because you can buy something for 20 grand, get it appraised for 50, right? I mean, you're writing off your expenses, right? But there there are um art. So, I looked into this because I wanted to So, I don't know how how much I'm supposed to say here, but I wanted to buy a Picasso and I looked into So, I looked into this of spending like $2 $300,000 on a piece of art. Unfortunately, art has because in order to depreciate something, it has to degrade over time and that's the gray area. Apparently, art if kept in the right condition will not degrade or will not lose value. So that does not pass the test to be able to be depreciated in in the first year for business use. Unfortunately, it has to have wear and tear unless it's a full write off. What? Unless you hung it up in your office and it's like No, no, no. Even if you hang it up in your office, it has to have wear and tear for depreciation. But I'm just wondering, can you just can you is could it just be deemed a business and marketing expense? This is a Picasso in a real estate office. It brings people in. Business expense. It's all expense. Well, then you get in the point of you could argue whatever you want, but it's up to the IRS to decide whether or not that's that's true. We lost one. Oh, Jack, do you want to So, that's the argument there in terms of the IRS. Yeah. And and I think that's that's the big thing is uh and there's also this balance of like of like fairness too because you want to pay taxes too in some sense to give back to the society that enabled. But on the flip side, when when you're you're fortunate and you have a really good year or whatever. Yeah. I mean, to me, I look at, well, I mean, I'm creating jobs. I'm investing in real estate. I'm improving neighborhoods or or whatever. I mean, you could justify it in any way you want, but the real estate tax deductions that exist are absolutely insane. Uh, we were just talking about this, the cost segregation, the upfront, especially the Donald Trump uh tax law in 2017 that went into effect that like doubles some of the things that you can take. It's unbelievable. It's unbelievable. Uh, so that's why this year I'm at uh I'm on my 11th property this year for for purchase properties. How what's your total amount of properties? Uh, 20. We just hit we're going to close our 20th. Gosh, man. You don't have a management company or anything? It's Lauren. Lauren does it. Wow. Wow. Yeah. But there's surprisingly not that much to do once we renovate them because what like actually when I sat down over here I saw an email that was copied to Lauren about a forplex that we just bought and uh this is a property that we did not renovate because we got all the tenants with it. So we had an email like stove is broken. It doesn't stress me out though because I look at it and like no problem. We can get a stove for you know 550 bucks and have it installed for 125 bucks and it's done. The other one's gone. Uh I enjoy that. I I like those things. He's like, "No problem, tenant. You're getting a new stainless steel. How about that?" You know, and people love that. Do people know who you are, your tenants? Uh, we try not to. We try to prevent that. They I mean, if they looked at my website, probably I've got to come up with like a DBA or something like that to avoid that. But, uh, we are always the managers. We try to keep a step back. Have you had a tenant who's come to you be like, "Hey, where's my stimulus check, man?" I have had tenants follow me on Instagram. So that's when you know that's when you know. Yeah. Uh but you know really I think uh the tenants are uh you know just you give them a good product and they're happy people. You know I think if you give a tenant a lemon because there are landlords who do that they will literally they'll buy a property the way it is and they'll put a tenant in. They'll say you know what let's just treat this like adults. You just take care of everything and the landlord doesn't want to do anything. They get frustrated over everything and they never renovated. It's like what do you expect? Yeah. You know. Yeah. Uh, and I think that's when you really start having problems. Uh, which is really one of the reasons I rated, going back to this, why I rated Cardone, because he's always talking down starting small and buying the single family house. So then I got tackled in his office. You got tackled in his office. Yeah. How'd you get into his office? Well, the So the part that you didn't mention in your flower delivery story, I was trying to make it nice, trying to make you look good. Uh yeah, right. Uh the part you didn't mention, the flower delivery story, uh was um we delivered the flowers outside and uh I I decided to to go in their back door and run over to their sales staff and let them know that we had delivered flowers. So I ran to the back as an elf uh thanking them for what they do and saying that we delivered them flowers. And then as I'm standing there with the microphone and these people are like, "This is like a nice young man delivering us flowers." And then all of a sudden, it's bad. I'll I'll never forget those things. I enjoyed that. I like looking back. You enjoyed getting tackled. Looking back, I like I You can't pay for those memories. I can't pay for for the unexpected tackle. Who tackled you? Was it a security guard? Yeah. But he see he was following Santa around. The whole plan was that I was not Santa and so he was following Santa around the front where we were passing out the flowers and that's how I ran in the back. Did you ever meet Grant Cardone? I met him once at uh what was the event? Driven. Driven at the Starbucks or was this afterwards? Before. And did you say hello? You got a video with him? Yeah. He uh uh you know he shook my hand and said, "I get it, man. You know, but if you step on someone's D, don't expect to be able to work with them in the future." And he's right. Yeah, he's 100% right. Would you ever consider buying a cameo from him? Buying a cameo? Oh, like him pop up in a video. No, no, no. He's on, you know, the app Cameo. I don't Oh, is that phone call? No, no, no. It's basically like this platform where celebrities celebrities I should do that. You should celebrities like a lot of people, YouTubers, baseball players, every kind of celebrity. Yeah. They basically just say, "Hey, send me a message and I'll read it and I'll take a video of myself and I'll give it to you." I signed up I signed up for Cameo. I put my info in. Let's see if they really. Yeah. So, Oh, that would be funny. Do you know who uh Will the Financial Wolf is? He's a smaller finance channel. He bought a cameo from Grant Cardone and he sent me the video. Yeah. It's just Grant Cardone like, "Hey, you got this, Will. Keep working hard or whatever." Yeah. Oh, that's funny. That's Yeah. How much was it? Like 500 B. No, it's 300. $300 at all to get a personalized video from Grant Cardone himself. Yeah. 30 60C video. Yeah. I've seen them before. It's usually like, "Hey, man. Doing well. Keep it up. Congratulations." You know, stuff like that. He could do that for you. Congratulations, man. Almost at 1 million sub. Good job on the single families. I specifically want you to endorse single families. Oh my god. I don't know. It's You know what it what I will say about YouTube is it's been fun. Uh and and there are there are times when you look and it's like it's a grind, but uh it's it's a different world. And that's why I always encourage us like go do it. Go start making videos and putting stuff out there. And like your audience tells you if it's good or not. Like I showed you before I did my my finance channel. I had a very brief stint of just doing like family vlog videos and uh I I did the same stupid stuff and I crashed VidCon. Uh, which Danny Duncan, I remember that. Danny Duncan had done that the year before. Danny Duncan had crashed VidCon by pretending to be a security guard. So, I snuck into all the backstage events at VidCon and then made a video about it and got banned. So, it sounds like honestly you would rather or at some point do prank videos. Just do funny little I would love that. That would be that would be just the Why would you ever just try one out of context on the Maddic channel? I try another prank, you know. I think with the last ones I got sued for. I don't know. You could do Yeah. Yeah. I'm not going to say it. Don't give me ideas. I It It would just at this point I'd have to like put a mustache on and and or let's just like shave just and just have a mustache, I guess, and and just do a different channel. Really? You know, that would be funny to start a different channel, tell nobody, and then just see what happens to it. It's Yeah. Yeah, that would be funny. Uh, just giving away stuff. But, you know, the funny thing, the crazy thing is a lot of people are doing that now. You know, the the giveaway, but that's the new magic. That's there's a reason why there people are doing it. Yeah. But it's not it's not as it's not as effective. Every single prank goes through that phase. Remember a while it used to be the pickup, the gold digger pranks. And they were effective in their time back then, but not anymore. No. or like the giveaway is the you know the Lambo pranks picking up picking up Uber riders and car those don't work no more. Mr. Beast started the new style of the big giveaways and the challenges. Guarantee two years from now it's going to be so saturated. I he's probably going to have to pivot to something else. Yeah. Well, he kind of is in a way like he's just doing huge like displays of just like the fireworks or something like that. Like he's doing just projects. But I have a feeling he's going to pivot more towards those big projects or just crazy stuff that no one else has the money to do. Something I've noticed that he's doing too is he's now incorporating multiple challenges within one video. So he hooks you in with one challenge. Before he gets to the end of that challenge, he sets the hook for the next challenge. Before you get to the end of that one, he sets the hook for the next challenge. And so you're almost watching the video not to get to the end result of one challenge. You're watching the whole video to get to the end of four or five challenges. Yeah. Like the firework It's a perfect example of starting off with like, okay, so we got a $500 firework, $100 firework, $1,000, and then all the way up to this like crazy finale,000, right? It works though, cuz if the whole video was just we're going to light off this crazy firework is a vlog and then the last 30 seconds if it people would just scroll past. Yes. Last 30 seconds. He's smart. It's very smart. It's very smart. And you had mentioned like what about what happened to the Kevin about like jumping out of the bushes and all that kind of stuff. uh I those videos took a lot of time and effort like you said I was posting you know once or twice a week and uh too niche maybe just not there's like no traction in this craziness whereas uh the news perspective I I really enjoy and they're easy to do told you wow what you got to do next you heard it here first is you're going to start a network you're going to get a few other people you're going to get someone else's network I will not you're going to You're going to get somebody else. Dude, there's there's there's a lot in that. You're going to get somebody else to cover other topics that you yourself cannot cover, like makeup, whatever. I mean, there's a huge market for that. There's a huge market for that. Find somebody else, I think, who's as good as you are, but just needs a little direction. Really, that's all you got to do. And get them to to cover some other topic that you would not cover. Yeah. and you could slowly start your own network of news. The problem is, and this maybe I'm just jaded and I want to hear what you say about this. One of the things that I've distanced myself from that I love is is not No offense, Jack, not having employees. Uh like seriously, not No, that's fair. Yeah. Like I've been trying to distance myself from that too. You're trying to distance yourself. Uh, so yeah, after meet and done when there was a point where I had 15 employees, I realized I never wanted that obligation again. Like look, if if you're a painter and you're looking for work, you want to come work, you're a drywaller, like, hey, you got work today? Like, hey, I got some projects for you, whatever. Like, you want to do the 1099 gig? Sure. But do I want to go back to having to meet payroll every week? You know, that stress is cra and I I worry that it would almost be like that. Or why wouldn't they just go out on my on their own? You know why? Why need me after a while? Yeah. Speaking of Kevin Olirri, I don't think he thinks I diversify enough. Yes, you do not. What? I did not. Why would he tell you to pay like to pay down your real estate debt? I think he's coming from the perspective of someone who has so much money that it doesn't matter because I I've started to realize too as you earn more and more and more the the difference you can make in leveraging your money becomes less and less valuable. like to go and and and and borrow money at 3% to make five when you're making so much money elsewhere, it becomes less valuable. Um, so for me it was really good in the beginning when I was trying to like save every dollar like if I can get out that extra $10 a month by doing this over here, it was worth it to me in that growth phase. But then when you get so much money, I think it's more about maintaining and less about growing. Sure. Yeah. The payoff phase. If you can guarantee I'm going to grow it 5% a year every single year, I would take it. If that was like a guarantee, no questions asked 20 years versus the possibility of earning 8% but you also have the chance at making two. I'd pick the probably the guaranteed five. Sure. Just or or you know what a better analogy would be making 3% or 10%. Or 5% guaranteed. I think I would probably take the 5% guarantee just knowing that I have enough all just to just let's grow it. Sell everything and invest into AT&T. You can get 7 what 4% dividend. Yeah. Well, the stock slowly continues to go down. I bought that a while ago and it stayed exact. It's it's gone down like a dollar. Flat. It's just been sitting at 29 to 30. 29. Going down a little bit. I got some short strangles on there and Oh my gosh. I saw you guys did an options video and Oh, that didn't go well. Oh no. But amazingly, it was a two out of 10. And also also, why don't you sell covered calls on your Tesla? Yeah, because I don't want to miss the runup. But you could still be generating crazy passive income even if you choose strike prices way above right now. No. Why don't you choose strike prices in like a month at $600? Like a quick calculation of how much you could be making off covered calls. Sure. Yeah, of course. No, I I know. Uh I mean, I'll occasionally do some call I'll buy calls, which I know you only like writing. Uh I I saw that video. I no um what one of the things I'll tell you one the big reason that I love to just hold the stocks is because when I sit on tons of unrealized gains I'm not paying taxes on them. Okay. But that was also in Kevin Olirri's mind a misstep against that was dumb. That was dumb in my opinion. I I will bluntly say that that was Kevin Olri says that that's a good thing you're paying taxes. No, no, it's not a good thing you're paying taxes, but he says it was a mistake because this did, you know, when you were up to $500, which is a pretty arguably like a pretty ridiculous price for Tesla stock, right? Like posts split, like if you were to sell and realize the gains, it did have a correction. Yeah. You know, and you could have accepted the the tax payment instead of But see, here's the problem that happens once you unlock the psychology of selling a stock. You sell a stock like Graham did at 925 and then now you're out of Tesla uh or or less in Tesla and then you sold. Now your psychology says well I sold why would I buy in higher now you stop buying in at 1100 and 1200? I never sold. Instead I just kept buying at 11200. I think his is more about diversifying about cutting it off at 5 moving to another stock and then rebalancing. I see what you're saying though because I sold at 9 something and I thought it was a genius when it went down to like seven or six and I was intending to buy back in but I didn't. I bought back in higher than where I sold it. Sure. Sure. Yeah. No, it's one of the things is looking back is always easy, right? With with with stocks certainly but one of the things that I love is uh not having to worry about taxes is and if I can just avoid taxation that's fine. If I'm unbalanced, I don't care. I don't need the money. I like the the the what I've chosen to invest in and I'm willing to invest in that for the next 10. Yeah. And that's why you buy options as well cuz selling options I'll buy calls. I wanted to I wanted to say this because there were a few comments and they said that selling options is extremely it's bad relative to taxes, which is totally true. Like I totally acknowledge that. But also you could be selling covered calls on Tesla, right? And if you were selling $500 strike price November 6, so it's like 40day theta or I don't know how long that is, but yeah, about 40 30 days. That's 20. Election's 40 days away. So yeah, like a little bit over here. Sure. No, no, no. You me? Oh, physically me. Yeah, physically you right now. You want to get closer? How many shares do you have? Uh, probably 10,000. No, maybe more. Let's just go with 10,000. $213,000. What? a month or a year annual in in one month. In a month that's a month you can make $200,000 a month. So ba because if you look here I'll show you. So this is $500. So also you'd be able to sell Tesla at $500 per share which is a hundred more dollars in. So it's like a 20% increase in one month. Also one could argue that this is a pretty high price for Tesla because this is where it did its past dip. Yeah. It's $21.33 per share. And you see you said you had 10,000 shares, right? Mhm. 21.33 times 10,000. So you get to So you do this, it doesn't hit it, you get $213,000 profit in one month. Or what you could do is if it goes above it, it would have to go up above that share price $500 by $21.33. Yeah. So if we're at 525, let's say again, and by November, then then I lose whatever gains are above that. Exactly. But I've also now been forced to sell my stock. Yeah. Uh, and now I've also been forced to sell unrealized gains on $2.5 million or something like that. That's true. So now I'm paying a a $1.25 million tax bill that I wasn't ordinarily paying. It's true. Yeah. But what do you think the chances are that Tesla's going to in one month? I mean, that's for probably an unlikely chance that Tesla's going to go from 390 to 5. Yeah. But look, go back before the election. Yeah. But be be relative to what the stock price was. I mean, uh, what's it at now? You know, 400 times 5, it's $2,000 a share. We were just buying Tesla at a,000 two months ago, you know. So, uh, especially with a volatile stock like Tesla, it's almost one that I almost certainly don't want to do the options on. Now, if if you were saying, Kevin, you got all this money in AT&T stock, sell the $50 calls. It's never going to. Yeah. No one. No. Exactly. How much How much could you make off AT&T $50? If I had all my money in AT&T, no one's selling. There's no way anyone's buy. Let's look what's the highest. What's the highest you could sure because nobody expects that as a potential and that's where the market option. It's unlikely that it'll execute. Yeah. Watch. You go to November 6. Yeah. Sell a call. The highest it buy. Oh, sell. I mean, it's the same, right? So, I get a penny. Realistically, you could This would be 12 cents on $31. Okay. So, so do that. So, do uh do $5 million on on AT&T in Tesla. So, do 5 mil uh but then divided by it was like how much per share is $31 or something? $31. Yeah. Or no, cuz it's how many shares you would be able to buy at current price. So, that'd be like $29, right? Sure. Okay. So, divide by 29. Oh, as in how many shares I would have. Okay. Yeah. So, you'd have that many divide by 100 because this is how many contracts you'd be able to buy. So, a th00and. So you multiply that times six cents or what was it? Oh, I didn't need to divide by 100. I can times by 100 because you just be able to use the because it's multiplying by 100 anyway. Here. Yeah, exactly. The price. Um, so like 30. So multiply that times 12ents times.12 20 grand every every month, right? For AT&T to hit 31 31 with $5 million, right? Yeah. So I mean it makes sense. The thing about um what it is is implied volatility, right? So since Tesla has such a higher IV. Oh yeah. Uh which basically means how likely it will be to to go down. Exactly. So the higher IV rank there is, the higher the premiums are. So something like Tesla has a really really high IV rank. Some things that can affect IV would be like earnings reports or just like obviously fad news or Yeah. blowing numbers out of the way. Yeah. Or out of the water. Yeah. I mean that's but but the big thing for me and I really disagree with Kevin Olirri on that. I think the taxes thing is is a terrible mistake. I mean wh why why would I diversify away from Tesla just to pay the taxes? There's 50% diversification right there is giving it to the government to to utilize so many write offs, right? If you were to really I mean there's a limit, right? I can only buy so many properties, right? What if what if you were at your max and then a new opportunity came up with a new property and you could sell those stocks, sell, you know, put that covered call there and you were you were already maxed out. Would it make sense to you then? Or was there never? Look, so look, if if there was a See, the the other thing is I then I'm going to miss the next runup, you know, and that's the big thing. I think the biggest thing for me that I that you mentioned psychology of it. Mhm. Because there was a point in my portfolio where I was up a lot on Boeing. I think I bought in like 128 and went to 230 and I was up a lot and I was thinking, oh, should I sell? But then the taxes Mhm. and I didn't and now it's down to like 150 something again. I mean obviously hindsight is 2020 but it would have made sense in that situation to pay the taxes even at 50%. Uh and just diversify away but everything is down since then so who knows but you know the other thing there is one of the things that that I learned making the mistake was having a strategy for the stock. So for example, I I never want to hold Delta, Carnival, Cheesecake, Dave and Busters. My intention is never to hold those companies for 10 20 years, right? I don't care about those companies outside this pandemic, right? Uh so for those companies, maybe that's Boeing for you. Maybe that would have made sense to sell Boeing. Uh something like Tesla, Apple, Amazon, Etsy, Red Fin, I I have no horizon where I say I'm I'm ready to sell it. And so I'm willing to just carry those taxes. You know, I think that's one place we differ is I'm a big fan of how much can I put into like a retirement account but get a tax deduction for as opposed to the Roth because I'm trying to delay the tax bill, which yeah, in the future you got to pay, but the future's uncertain. I want to be able to create as much wealth as I can now because that's going to, you know, in my own. Well, yeah, you get then you pay tax. You get compounded tax, too. I like knowing that what I have right now is mine, right? That's what I like. I like peace of mind that pay tax on it. I'm good to go. But in real estate, you might never have to pay taxes on it. That's that's the flip side. So, if I can move money uh and and like I take margin, that's why I got into the margin is I take the margin, I buy real estate, I never have to buy real estate or margin. I never have to pay taxes on the market. But why are you buying so many? Why don't you buy one two big ones instead of a whole bunch of little tiny ones? Yeah. Uh there's a lot of competition for big units. It's insane. Uh there's no way you can get a deal on big units. Uh you have to overpay to get big units and then you hold the units expecting them to go up in value. That's it. The cash flow covers the expenses. Maybe you got a little bit of a, you know, a 3 or 4% yield. You're buying in Texas or Florida or whatever. Maybe you got 5% or something like that. The rest over that, it's usually just magic guju where they delay the fees until later. Like this is something Cardone Capital does. They go, "Oh, we promise you 6%." they write the 6% checks, but then I I I believe at least their their um perspectus allows them to do this. They can actually wave their their annual 1% management fee until they sell the property. So all of a sudden you get all of those, oh, by the way, we didn't bill you for the last 10 years. And yeah, so so your return effectively is substantially lower than the 6% that's advertised, especially with like the 35% waterfall he does. But all that complicated stuff aside, I love buying these little deals because you saw the hoarder house. You got the coffee machine. You still have a lot of work. It's right there. Seriously, I use it. I use it every few days. You got it? Yeah. And And people thought that was staged. That was a real find. And that has She had a lot of good stuff. I still believe there's a 1% chance you planted that there for me. That's too perfect. It's It's I use it every single day. Well, you you still think that I bought Instagram followers? Yes, I do. Because you said there was a 20% chance that I bought them. That was your belief. Yes. What was the jump? Um Kevin went from like what were you at back then? 1500 went to like 11,000 within like two like 2 days 3 days and they're all like botf you could look at them and they were just like from different countries. It was unsubs like crazy too. Yeah. Yeah. Exactly. But we suspected that one of the people I exposed did that so they could try to make an exposed video on me. Yes. So, uh, Kevin made an exposed video on someone else. Long history, man. Long history. We've been talking for a long time. He says I don't give him good ideas. We share good ideas. Okay. The Tesla video. The Come on. The $78 Tesla, dude. Come on, man. I convinced you to buy a Tesla. No, it was Jeremy. Yeah, right. It was Jeremy. Financial education that we duke that out. But anyway, so Kevin did an exposed video and we think that person bought followers 10,000 to Kevin. So this person could then make an exposed video on Kevin saying, "Look, he bought these followers." Like look at this. He went from this to this overnight. Look at all the unsubs. This person's talking bad about me. Well, look at what he just did. Meanwhile, cuz anyone could buy fake followers for anybody. Yeah. Wait, I don't even know what we were talking about before the Instagram follower thing. I forget. But uh yeah, you know, it kind of goes back to the beginning of just the the the positive mindset. I think we were talking about Tesla call options. Yeah, I ain't doing any taxes. Kevin Ori, that's where we were. I disagree with the tax argument completely. I disagree with his mortgage advice. I think it's a terrible way for people to start. His what did he do with the with the protein verse protein and pasta? Carbs pasta. Yeah. Yeah. That's an old school mentality in the 80s. You know what I think it's just because you you see these people who went through the 80s real estate boom. Yes. It seems like everybody who went through that cycle anti is anti- debt. Yeah. But you have to think too from their persp like the same people the same like our grandparents or whoever went through the great depression. They're just like we're going to hoard what we have right now because you never know. We're going to keep our cash. We don't trust banks. I think if you go through something like that, you might have a different outlook on things. Well, 100%. And I think financing was so different then, too. I mean, even just in the last recession, people like, "Oh, we're going to have another '07." You know, the financing now is so much better than it used to be. True. There are no negans. It's hard to qualify. You've got prime borrowers buying instead of subprime borrowers. The way is that neither is wrong. Like, I can't argue. No, you can't have an argument with that, Kevin, because it's like, well, he has not like 30 years experience on me. Yeah. And he's way more success. He's seen way more. So, who like who am I to argue my point? Great. You know, the market 10ear bull market, Kevin, you don't know what you're talking about. Robin Hood, Robin Hood, you know, like come on, it's stupid. Like I he has he has merit for what he says. I think his advice for you is most effective for himself and I think he would be able to manage his current assets way better than you could and you can manage your current assets way better than he could. That's well said. That's a good one. Yeah. You know, one of the things that uh I have noticed is that people will uh do you want to Yeah, that just happened. Uh the movie recorded seed the Oh, ran out of space. Yeah, that's that's you know just finishing that thought I on on the Kevin Olirri I think I think where he comes from is maybe seeing people have built wealth and then lose it all and then have to start over because he said I think there was a line he said oh I you know the last thing you want to do is have to start over in your 40s. He's not wrong about that. There there is an aspect of you want to put aside enough of your wealth to where you've protected the base so to speak so so you never have to start over. You know what I would say though? It would make, you know, I don't want to jinx anything, but if something were to happen to everything and the real estate market like drops and the stock market drops and all income dries up and tenants stop paying their rent and you can't sell anything, that would have a traumatic impact even if you own 50% of everything outright. Oh yeah. I mean, just going through that then after if I went through something like like I'm knocking on wood here, like if something like that happens, uh, I would never want debt ever again. So, I think that's that that's why Dave Ramsey was like so anti- debt cuz he went through something. I think it's those events could be so traumatic. But that was short-term debt. That was like a three or six month loan. Correct. Yeah. Yeah. Well, that that would certainly make you not want to do that. I think those are 30-day interval loans or like 30 60 day loans. Hard money. hard money loans that could be called at any time that he was trying to renegotiate every 30 60 days. It's really risky, but things can happen. Well, and and see, look at that's what's so amazing about America is now you look at you buy a place with a 30-year fixed rate mortgage. What happens to the the property when the market value falls? You drop the rent a couple hundred bucks. You like that's it. The bank doesn't call you and go, "Yo, margin call. Yo, property call." like you got to sell your bank right now because you're upside down. They don't care. They just care about getting their payment. And then not even that anymore because tenant stops paying rent or you got difficulties. We got forbearance for you. We got loan mods for you. We got options for you. This country does not want you to fail. They almost make it hard to fail in some cases. I mean, it would have to be the perfect storm cuz I thought about like for me like what would happen. I think it would have to be a cataclysmic earthquake. Yes. California that would wipe out all of my rental properties. So then that wouldn't like from that. So that all dries up, let's say, but then then insurance comes in because I have earthquakes, everything. Um, but then no one would want to live here for a long time like the San Francisco fires. It was like 20 years before people started re really rebuilding and moving back in the area. So there goes your investment. I mean, there's everything down 50% that you've that you've accumulated. And then I'm thinking if that happens in conjunction with let's say something happen happening with YouTube or something happening in the economy if those happen at the same time then it's like then what and it could happen the things like it could it's it's unlikely but even with the proper insuranceances I mean it's just I can't believe you pay for earthquake insurance it's so expensive because the deductibles like 10 15% on this house you would have to sustain $200,000 in damages. for your insurance to begin covering you. And what are you paying? 300 bucks a month for this? No, no, no. It's it No, that $200,000. No. The land values. This home is probably only worth it. It's I would say about $120 a square foot for this house. The policy, man. Nobody building in LA for 120 bucks a foot. You can't even remodel for that. I don't know what the policy says off hand. 3 to 400 bucks a foot is your new construction on a rebuild at least. So, what is this? 2200 ft. So, a million bucks. Yeah, they're putting you on value. I I don't I mean, sure, they'll take off some land value, but uh I would not be shocked if you have to cut a six figure check before you have your earthquake insurance kick in. Before you do that, bolt your foundation for six grand, you know? And then what what what are your odds of a nine here? Like zero. I think uh California, like LA, Ventura, your odds of anything over a 7 and 1/2 or zero. We have like a 1% chance of a 7 and 1/2 and 5 to 15% of a seven. and a lot of the newer homes can stand those. Now, you own some older properties than I do. Uh I actually don't own any properties older than about 1958. The 1920s properties, which you've got, uh those I might be more tempted on or just consider lateraling up to some newer stuff. Yeah. My thought is it sur I mean, I don't want to jinx anything. I'd rather not no deal. Something to think about. Okay. Something to think about. Look at your policy because it's probably 10 to 15%. if it's 15% and then look at what it is because they'll tell you as to what the value is. And what are you paying? 300 bucks a month for this thing. No, no, no, not that much. Um, I know it's annually like this, I think, is like $2300 a year. Okay. So, a couple hundred bucks a month. Uh, look it up. Take a look at that. Usually earthquake insurance is like, oh, you're almost better off paying some retrofit fees. But, uh, yeah, I don't know. I just and I think that's where I get so excited and I could talk for hours just about real estate investing, just my perspectives. And that doesn't mean my perspectives are right. Uh, you know, we differ on on things. Uh, but I did like the remodel that you did on your your duplex. Thank you. That's uh that was really nice. You were supposed to move in so we could do an I'm evicting you as a tenant. I'm evicting me, Kevin. That's true. Uh, and then the pandemic struck and everything happened. What a what crap. Mhm. This needs to end. I'm tired of the pandemic. I know. We should wrap this up because we're getting to We're past two hours. Oh, yeah. Uh, we have a question. Cool. Graham. Yeah. You know what to do. Yeah. Uh, so the question we ask everybody Oh. Would you rather fight one horsesized duck or 100 duck- sized horses? This is a Steven Gardner question. Or Graham. This is from Steven Gardner's channel. How is it? He asked the same question. Did he? He asked the same question. He took it from us. He got it from us. When did he say it? Month ago. Yeah. We've been doing this for months. Uh, shut up since like almost the beginning of the podcast. Yep. We asked uh our second guest now. Yeah, we asked Christine. Christine. Yeah. Wow. No, you asked me on the first podcast. Oh, I did? Yeah. There we go. Steven Gardner, if you're listening, come on. I'm on the podcast. He's a great guy. Yeah. Um, well, I wasn't listening after I thought about that, so you have to ask again. Sorry. Duck sized horse. A duck sized horse. Okay. Yes. Yes. Wait. Duck sized. Wait a second. No. No. One horseed duck or a hunt? So 100 little horses or one big duck. I'd rather go with a fight the big little little overwhelms. Uh it's like No one says that. Everyone would rather the whole bunch of little ones. Really? No. Yeah. Because a horse-sized duck that's a big duck and the beak the beak would be powerful feet. It's going to be slow. Ducks are not slow. It can fly too. You can just flap its wings. Uh, no. I I don't know. I maybe I It's just like one of those fears where you're like you go to sleep at night and you just have these visions of like spiders coming up and taking over your body and killing you, you know? Like I I I don't know. Like little No. No. Uh horse-sized ducks. I mean, I get it, but you you get a bunch of little stuff nibbling at you. That's a problem, too. What would Would you have any strategy to it? Strategy? Wow. I you know I think if you you got to get like you just go behind like a table and like you're on that side just keep running. I have no idea. Jeez. Uh you know when I was a police explorer the strategy was always if somebody pulls a gun as a police explorer you have to zigzag run away. I don't think that would work for for a horse-sized duck uh to zigzag away. Maybe you just beline it and gtfo. Yeah. Speaking of gtfoing, I think it's time to go. Yep. Cool. So, with that said, you guys, thank you so much for watching. Really appreciate it. Kevin, we'll link to all of your information down below in the description. So, uh you could gain a whole bunch of subscribers from this, man. An extra 10,000 Instagram followers on this. Um let's see what else. Subscribe. Instagram's down below. Everything's down below. We This episode is long enough, guys. If you actually made it to the very end, comment down below and just say you made it to the very end. Jack will be there. answering every comment that has made it to the very end. Just say say okay. So here's say made it to the very end and then like what little thing do we have them say? Just just only people who made it to this point will have to know this. Shave. Shave. Sure. Say made it to the end. Shave. Semicolon. Yes. Yes. Made it to the end. Semicolon. Shave. Done. Got it. Cool. So with that said you guys So with that say that. So, with that said, you guys So, with that said, you guys, thank you so much for coming to the ice coffee not uh not not coffee hour. And uh thank you for watching and subscribing. We've got $20 coasters here. And it was a blast. It's too hot in here. Next time we'll do it in mine. Cool. All right. One thing really quick, move this thumbnail. Oh, yeah. We're just going to do it on Thanks, R. Yeah. Yeah. And then I I got destroyed. Oh man. Uh I also did snowboarding for 7 years. Uh then I went on skis one time and I never touched my snowboard again. Did you fall? No. It's just you're always on your butt in the snow. You snowboard? Yeah. You're always in the snow. I've skied. Cool. Yeah, but you're always in the snow. A crap. Um can you just flip that around? Yeah, that's like I just just a little Yeah, I don't have to sit my butt in the snow when I'm skiing. I love it. It's so It's just kill. Okay, but I would snowboard with you. All right, so taxes. So anyway, ready? Okay, there we go. I hope you guys have questions. Oh, yeah, we do. Okay, now I'm nervous. All right, you ready? Go. Ready. Okay, here I go. Go. Welcome back to the 19 Oh, sorry. Yeah, I saw that. I saw that record. All right.