Video summary
In this episode of *The Ice Coffee Hour*, Tech Lead and host Graham Stefen engage in a candid discussion about wealth, career trajectories, and personal philosophy. Tech Lead recounts his journey from an early interest in programming to becoming a millionaire by age 25 through developing social gaming apps on platforms like Facebook and Twitter around 2007. He emphasizes that while he saved diligently during his late teens—often choosing cheap meals over spending money—he believes the primary driver of his success was active self-improvement, learning new skills, and taking calculated risks rather than passive saving alone. His career path includes stints at Sun Microsystems, Microsoft, Sony Pictures, Google as a tech lead, and Facebook, where he eventually left after being fired for running his YouTube channel. He notes that while many view litigation in family court as the only way to resolve disputes, particularly regarding child custody issues involving an ex-wife who took their son to Japan, he has chosen a path of compromise and moving forward rather than spending hundreds of thousands on legal battles with uncertain outcomes. The conversation shifts to Tech Lead's current financial status and lifestyle choices, revealing that his net worth fluctuates daily based on cryptocurrency markets, often showing "paper gains" or losses in the millions via Ether Scan. He promotes his project, Million Token, a stablecoin backed one-to-one by USDC designed as a community activity rather than just an investment vehicle. Tech Lead explains the technical challenges he faced when critics like Coffeezilla questioned its liquidity; he clarifies that while initial deployments were limited due to Coinbase restrictions and Uniswap V3 mechanics regarding concentrated liquidity pools, the token now has sufficient backing across multiple blockchains including Ethereum, Binance Smart Chain, and Avalanche. He argues against the traditional advice of "buy and hold" or maxing out 401ks as a sole strategy for wealth building, suggesting instead that young people should deploy capital into learning experiences, starting businesses, or acquiring skills to maximize their youth and time before retirement age renders such options less viable. A significant portion of the dialogue addresses the nature of happiness versus material accumulation. Tech Lead challenges the conventional wisdom that money cannot buy happiness, proposing instead that wealth provides the freedom to choose how one spends time and resources. He contrasts his own approach with what he perceives as a "lazy" lifestyle among those who simply save for decades only to retire early while still working or living on autopilot. For Tech Lead, spending is difficult but necessary; it requires creativity to deploy capital in ways that generate joy rather than just hoarding assets like Rolex watches or real estate. He admits his own habits have evolved from extreme frugality—eating eggs and ham instead of Subway—to a more balanced approach where he uses money for travel, experiences, and supporting causes like the Ramsay and Bailey Foundation, though he acknowledges that some people derive satisfaction simply from watching their portfolios grow without actively engaging with life. The discussion also touches on Tech Lead's relocation to Las Vegas over California, driven by lifestyle preferences rather than just tax savings. He describes San Francisco as a "trash pile" of boarded-up buildings and notes the dry air in Nevada is preferable for his skin compared to coastal humidity issues he faced elsewhere. While taxes are a factor, particularly with family still on the East Coast or needing visits back to California for their dog, Las Vegas offers a functional base that supports his digital nomad lifestyle without excessive cost of living burdens. He critiques the mainstream media narrative that equates wealth accumulation solely with saving and investing in index funds like the S&P 500, arguing instead that true fulfillment comes from pursuing passions and finding purpose beyond financial metrics. Ultimately, Tech Lead concludes that while money is a tool for freedom, its value lies not in possession but in how creatively it can be deployed to enhance life experiences before time runs out, urging listeners to question societal norms about saving versus spending and to seek meaningful engagement with the world rather than retreating into passive wealth management.
Read the full video transcript
Welcome back to the ice coffee hour.
This is tech lead and the ice coffee
hour has made some pitiful amount like
two [laughter] bucks, five bucks,
whatever it is. I probably lost more
than this in the crypto markets. But
welcome.
Yeah. To this it's probably it's it's
nothing to you as a millionaire.
Mhm.
But to us it is $191,9131
penny.
Is that supposed to be a lot?
It's like nothing you guys.
It's nothing. It's a pitiful amount. As
you said,
it's supposed to be something. But
anyway, we we're almost at two years
now.
Yeah.
So, it's almost two years worth of Yeah.
Again, this is something I just make or
lose in a day, every day based on the
crypto markets and fluctuations.
How much did you make or lose today in
crypto? Your entire portfolio.
Millions. Multiples of millions.
Multiples of millions. [laughter]
It's just whatever Ether Scan tells me.
It's just paper gains, paper losses.
What I do is I mint a coin for and I
sell it for like a dollar. But if I'm in
10 million coins, I have a net worth of
10 million. You see,
that's genius, actually.
Yeah. Well, we got a lot to cover today.
So, first of all, as a background, I
watched your channel uh when you were at
X Google, ex Facebook. So, I I've seen
your progression on YouTube and like
through your careers working in in tech
as a as a tech lead.
Yeah. Um, and then
ex Google, ex meta, ex-husband,
ex-convict, exocciopath, ex psychopath,
tech. [laughter]
It's hard to keep track of anymore.
Well, but just shows how far ahead I am
with you.
Yeah, I guess I guess a lot of
Most people underestimate me. You got to
go.
I don't know if the the ex convict.
Yeah,
definitely [laughter] not ex
real estate agent. But but you know
what? I've uh almost got my license now
in Nevada. So, I've taken all the
classes online. I just got to stay take
the state exam and then I will be
licensed again in Nevada. So, I will no
longer be an ex
real estate agent.
You know, but I've beenve been managing
my own property. Maybe come out.
No, you got you got join the ranks of
Jeff Bezos, Bill Gates, Elon Musk.
Myself. [laughter]
Oh gosh. Anyway, so I had you back on
the channel on the Graham Stefen show.
This would have been 3 years ago had you
on and then brought you back very
shortly after when you made a video
about your ex-wife leaving you and she
took your your kid to another country.
Uh, and this was just a crazy story and
I remember you making these these videos
just discussing the subject and these
videos were just
not only very heartfelt but like were
gain like garnering millions of views on
on some of these topics. Uh and then was
it around that time that you were like
tell a bit of your story here because I
think it's a very tumultuous
uh probably in high school I was already
a straight A student valid dictorian
right like very traditional upbringing
you could say paved the road into
becoming essentially a software
engineer.
I'd always been interested in
programming. I got into UC Berkeley, you
know, top three college in the country
maybe for a computer science, electrical
engineering, computer science. During
that time, I did spend a year studying
abroad in Japan, right? And that was
probably one of the best years in my
life. So, you know, travel and
minimalism are some things that have
really been instilled in me. After that,
came back, I spent some time working at
Sun Micro Systemystems for an
internship. I did internship at
Microsoft, a software engineer. I worked
at I went to UC San Diego for grad
school for about a year. Went to Sony
Pictures. Worked there for a year. 75K
income at the time. It was really good.
And I was feeling I was hot stuff. I was
like 23,
24, something like that.
Uh during my time there,
I built my first app. I taught myself uh
PHP web development full stack. the
Facebook apps were happening. So, uh, I
launched that app and it took off,
right? So, I made probably a million
dollars right there, uh, by the time I
was 25. And this is something I
recommend to everybody is you don't need
to take like I'm against taking risk.
Um, like I don't believe in taking risk.
Your life is far too valuable to to risk
it on anything like so I would do both
at the same time. I did my side hustle
in the evenings and weekends. did my
full-time job in the daytime. After
that, I went off and traveled actually
doing the digital nomad thing. Been to a
bunch of different countries, worked
from like London, the UK, worked from
Hawaii for a while, worked from Japan,
went to New York for a while here and
there, and I kind of went back and forth
and alternated with some uh full-time
jobs actually here and there, right? So
like I would go back to Silicon Valley,
work in some app companies. 120K Income
over at Playdom is some app company.
Worked at Groupon, worked at some
startups,
worked at some of my own ventures again,
right? Making more apps and projects.
Some of those also blew up. So this is
the time I made like 50 apps or so, you
know, like more than that. a bunch of
different websites, ideas that failed,
some of them succeeded and made maybe
another
maybe another million dollars or so,
right? Um, and then probably at around
that time, I did go to Japan. I met my
wife over there. I was doing my own
independent side hustles
during that time. And you know, you can
fill up these gaps in your resume by
saying like, "Yeah, I was working on
this venture, this project." Right?
that's how you can fill this up. Came
back, landed the job at Google and that
set me on several years working there as
a tech lead. Went to
uh transferred over to Facebook after
that, right? Voluntarily. So that that
was a clean transfer.
Um and then during that time at
Facebook, I had also my YouTube channel
that I was starting to do. So went to
Microsoft too. A lot of people don't
know that.
But I did get married. I had a kid, my
wife from Japan. So, I met her in Japan.
She one day decided to accuse me of
domestic violence. I would say it's
alleged. I don't think it's real, but
she used that as an excuse to take the
child to Japan. Uh, this is actually a
pretty big issue if you're into various
circles,
but you know, Japan is known as a black
hole for child abduction.
So, she she took the kid. It was uh at
the time it was devastating. Now I've
kind of pretty much moved forward with
that. You know, the show has to go on,
right? Like I can't just uh
kind of like it's made me realize that
you need to focus on making the most of
your life no matter what. And that life
is short so you have to enjoy it, right?
Like there's certain things you just
can't go up against like it's not worth
fighting necessarily. uh we can talk
about this a little bit more but then
yeah after that I I mean during this
time I also did work at uh Google tech
lead there uh you know and then I went
over to Facebook also working as a tech
lead over there. Some people at Facebook
think I'm I'm not a real tech lead but I
mean this is why I have to keep telling
people I am an ex Google X-Mac lead.
So Facebook was doing $600,000 in income
over there. Actually, one day they
decided to fire me for running a YouTube
channel. And yeah, ever since then, I've
been running this YouTube channel. Uh,
you can check it out, Tech Lead. But I
essentially ran out of content like two
or three years ago. I don't know what
[snorts] people are still there on the
channel for. It's probably loaded with
crypto trading bots just trying to scam
you. But, uh, maybe it's only bots
watching my channel right now.
[laughter]
100,000. You know what? I'm always
curious how many of our views are due to
the bot because as soon as I will post,
there's always like there's always one
who will comment on every single post.
Now, they could probably do that with
one view because it's the same account,
but I'm curious. There's got to be like
at least a few thousand views.
The bots are the bread and butter of my
uh monetization strategy, right? It's
like I I know a lot of people say they
don't want bots on YouTube, but I need
them for my ad revenue.
You think they watch the ads? They
probably add to the impression counts on
the ads and boost the revenue for the
creators. Yeah.
Yeah. So, going back, you mentioned that
Japan was a black hole for child
abduction. Is that because they don't
have because it's hard to track people
from the US to Japan or is that because
they they don't have the infrastructure
to or or the resources to to track
people or
I mean there's a whole discussion
unrelated to finance perhaps but there
is the idea that Japan believes in
single custody of children right and and
they typically have the situation where
the uh the mother watches the child the
husband goes to work all day and barely
shows up at home. And if there's a
separation,
the mother oftentimes will get the child
single cous, the father never sees the
child again. And that's just the system
that they go with. And what happens is
um it's just maybe my personal point of
view, but
uh there's kind of this
princess psychology. Uh like a lot of
Japanese women tend to grow up as little
princesses. In in my personal view,
there's a lot of immaturity involved in
this. So when there's conflict, there's
not good conflict resolution and there's
no concept of uh double parenthood
there.
In my personal view, I kind of made
peace with this because if you've ever
seen a woman give birth, you'll know
that it's massively painful. And you
know, it's like my view is if it if
somebody wants a child and they they get
like the woman should probably get to
say like I I kind of see how single
custody
uh if anybody gets to decide maybe it
should be the mother, right? Because
like if you ask me would I like to push
a watermelon through my body and then
say this is half somebody else's, I
would say like that's not a clean deal.
Like maybe it should just belong to this
person. Mhm.
Um so yeah that I mean as far as
enforcement goes the more you pursue
somebody the deeper into hiding that
they go. There are things like the H
convention which uh are very difficult
to enforce. People try to pursue this.
It costs
uh I know people who have spent like
$250,000.
Uh I've met these people on trying to
get their children back. There's there
are entire communities and this happens
I mean this happens everywhere in
divorce as well like all of these
situations you can plow hundreds of
thousands of dollars into this and you
still may not get the result you're
looking for and the only people that win
often times are going to be at the
attorneys the lawyers
so I mean there was even this guy he
made the headlines a while ago he was
starving himself to try to get his held
back in Japan. This guy was um like a
finance manager, Vincent Fitcho. And
like these people are all many of them
are very wellto-d do, but to me it's not
worth like you have to pick your battles
in life, right? And to me, it's like
this open world game and there's some
bosses on the map that are just you can
spend a lifetime fighting for. like you
can spend you can throw your whole life
trying to defeat this boss and maybe
you're going to win or you can go
explore all the other fun parts in life.
So even though yes I can go throw
hundreds of thousands of dollars into
this hey convention and hire all these
attorneys and take this very aggressive
attitude.
I think it's better to just say, I'm
going to go continue to enjoy my life as
best as I can, make the most of it in
the short time that I have and take a
more gentle approach, which is typically
like like this is a problem with Western
culture is that we believe in litigation
and we believe in confrontation and
aggression and getting our way, fighting
for it and that is victory. But I would
say you if you can find the an approach
that is more gentle and reaches
compromise
that's going to be more ideal. So my
approach these days is really more more
towards compromise and just
understanding that people are like
totally insane sometimes and irrational.
Yeah.
Um and to just treat everybody like
rabid dogs. Like people are not
rational. So you just have to try to
manage it as best as you can. I can try
to fight this person and confront them
and reason about them or I can just say
let me just give you what you want,
right? Like let me just handle this
situation as as carefully as I can
without trying to provoke this other
person more.
I've just accepted the situation for
what it is and done your thing.
Yeah. I think some things like I just
don't want to throw resources, time, and
effort into into fighting, right? like
it's just uh it if if the mother wants
the child to grow up without the father,
that's her choice. And and I think that
she does have priority. The law may say
there's 50/50 ownership, but if there
were no law, by nature, the mother has
has priority.
That's what I would say. Yeah. And also
through the divorce, what were the
finances like through the divorce?
because I know especially for high
earners [clears throat] uh the results
can be pretty uh
yeah controversial.
And you when did you become a
millionaire? I think it was 25 24 right.
We we talked about this on the early
episode of the Graham Stefen Show.
I mean I I've been a millionaire since
age 25. So I've lived with wealth quite
a while. When were you a millionaire?
26.
All right. See that's how far ahead I am
of you. And it compounds, by the way,
too.
So, it's like it just the distance
keeps going. Yeah.
Yeah.
Um,
I'm not going to ask your net worth,
which maybe [laughter] do it.
You could ask it. No, I'm so upfront
about it. I made a video about it. It's
15 and a half. You didn't ask, but
that's that's what it is.
What's yours?
Check Ether Scan. I mean, I was worth
like $20 million on Ether Scan. Check
that out. Paper gains right there. And I
can I can probably mint another uh 200
million if I want to, right? It's like
simple. Just make a coin like that.
Um what were we talking about?
Uh your your your the wealth that you
built up in your 20s. How do you how you
did that? And then what happened in in a
divorce?
This is how you get messed up in in in
family court, right? like whatever
amount that you offer, you can say, um,
I'm going to offer you
$5,000 child support, a million dollars
in uh total finances. Uh, the other
person does not know what is fair,
right? So, because they have no
understanding of what is fair by the
legal system, they're going to say,
"Give me more. It's always going to be
more until the other person gets to a
point where they may really until an
attorney comes and the judge says this
is fair.
But that makes mediation incredibly
difficult in my opinion. And what
happens if you're a high earner is that
if you go talk to an attorney, they will
they'll just charge you through the roof
on everything. So like I try to do
everything myself because I don't want
any funds to go to the attorneys um if
at all possible but if if the other
person is there comes situations where
like the other person can try to get you
to pay their attorney fees. So you're
paying double attorney fees and
attorneys can cost
what 800 bucks an hour if if if it's a
good one. So you could be paying $1,600
per hour in the worst case possibly
maybe. But what happens is like I
probably spent 25 $30,000 on an attorney
and they didn't even get me through a
single trial, right? It was only
paperwork up to that point. So I I fired
the attorney and just said, "I'm going
to just represent myself in trial, go in
and I just lost." And you know, like I
went in there and I said, "This is a
kidnapping. This person's taking the
child. You know, this isn't fair." And
they're just like, "Cool." Uh, so, so
let's let's have you pay. And I think
that's just a norm for family court.
Even if she's in another country and you
have zero custody,
even if she's in another country,
kidnaps, nobody, it doesn't matter.
That's just the way family court is.
Nobody.
The California family court because you
think it's all western courts.
Yeah. I think because number one, child
support has nothing to do with custody.
So, it's it's simply based on like we we
don't care what happened. We don't know
like even if this was a kidnapping
whatever like you pay it's just as
simple as that. The divorce is the
divorce is still going on quite frankly.
So th this is going to be another uh
it's going to be another headache.
How did you build your wealth to begin
with? So I think this is something
valuable for people to understand but my
wealth was built over probably
uh five six seven different projects
over my
uh career right it's not a single thing
and these took many years so it's
it's really the personality that you
have and that determination and
persistence to keep doing success after
success after success in my personal
opinion that's going to get you to a
success uccessful position, right? So,
like probably my first million was made
from making a bunch of apps on my own,
right? Like Facebook apps, Facebook
gaming, right? When that took off, but
that only got me to 1 million or so,
less than that,
you know, I probably had to create three
different social gaming apps, taking
advantage of the the whole app trend on
Facebook, Twitter apps, and all that to
get to that stage. But that's not enough
to retire on. That's why I went back to
work many later on and you know like
there was the whole Google Facebook
career episode I had that made me some
more money here and there. I had
episodes where I had to learn stock
trading, right? Because after a while
your investments take over. If you make
money but you don't learn investments,
uh you're going to be limited, right?
Like like there could be massive gains
there that you don't pick up on.
after that then maybe there's the whole
YouTube se right segment which helps
make more money but if all I did was
YouTube I would not have monetized as
much as maybe if I were able to create
additional content and courses and
continue to pivot the channel to stay uh
relevant
to just keep keep the uh clickbait farm
coming along right so you know you see a
lot of other people they're making their
YouTube channel maybe they make one
channel that's all they do it fades out
they go back to work, right? And I so I
would say what the thing about me is I
kept reinventing myself and kept finding
new opportunities.
So it's not like this is why when people
say, "Oh, you're just lucky." Well, I
got lucky like seven times, 10 times in
a row, right? Like
the these are ventures, multiple
ventures, not just one. And and many
people have trouble even doing a single
venture, right? In in their entire life.
they don't ever get off the rails.
I'm a little confused on the storyline
here. So, this is I'm assuming just
after college or was this while you were
in college when you started developing
apps?
Yeah. So, the apps business was done uh
right after I finished grad school.
Mhm. But before you started working at
Microsoft?
Yeah. So, it was in 2007. Facebook was
booming. Uh people were making lots of
money on the Facebook apps. Everything
was going viral, right? So I I actually
had to teach myself uh PHP, JavaScript,
uh
it it was hellish, you know, like full
stack web development, server
management. Um this is not something
that any college is going to teach you,
right? Like nobody teaches you this
stuff. You just have to go learn by
yourself. Uh so that's what I did.
Why that? Did you just spot an
opportunity? You how do you come up with
the idea? So I I think I'm personally
attracted to whatever is just
interesting or cool or trendy at the
time, right? Like uh this was just a
very interesting trendy technology, you
know, like the whole Facebook apps
thing, you can make massive impact and
maybe it's impact for me that I've been
attracted to. It's like anything that
can that looks like yeah, it can just
make impact on upon the world, right?
Um, the Facebook apps was ability the
ability to reach massive amounts of
people. You could kind of say the same
with the whole YouTube thing. When I
when I saw YouTube, probably when you
saw it too, it
were not taking it seriously, right? It
was
it was like if you were doing YouTube,
people would laugh at you,
right? People would say, "Oh,
professionals don't do that." Nowadays,
you see venture capitalists and
entrepreneurs and like loads of
professional people on YouTube trying to
build their audience, but they're way
too late. So, you know, there's the
what? There's the followers and the
leaders, tech lead like me.
Um, but you know, it's like if you're
attracted to impact, then I think you
may have what it takes. There's many
people who come to me and say
they are attracted to code. They love
coding. That's not right. Right. Code is
a tool to achieve impact. It's a it's a
tool to achieve massive scalability
uh at low cost to reach right like
massive amounts of people and deliver
value. But code is not the draw. It's
never been the draw. It is the product
that impact that I've always been
seeking. So I just learn whatever
technology is necessary. Like when I was
working at Google and Facebook, it was
through iOS development. iOS is
completely different tech stack than
full stack web development. A completely
different technology.
So I switched right away to just
whichever technology is going to be
necessary. YouTube in my mind YouTube is
also another different tech stack,
right? Like it's a whole set of skills
that you need. And so when people come
and say they just want to learn to code,
it's like if all you do is learn how to
code,
what what you're really looking at is a
a 30k job, low income in an outsourced
facility center. Uh where you're at the
computer 12 hours a day for 10 years
straight. That's coding. I don't think
anybody really wants to do that. But you
see so many people say, "Oh, my dream is
to become a software engineer." There's
plenty of software engineers like the
Linux programmers who just sit in their
basements and never achieve anything
with their lives and make zero impact
upon the world. And those are the people
I've never envied. Who we envy are
myself. [laughter]
Jeff Bezos, Elon Musk, Mark Zuckerberg,
Bill Gates, Steve Jobs, and myself. And
the people who make the impact, right?
These people were not just programmers.
They they were entrepreneurs. But first,
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Thanks so much, Grammarly. And back to
the podcast.
How much were you making on the app at
its peak? because you must do you were
24 25 years old.
Yeah. I mean
the So the first app I I built is it was
a social gaming app. Uh probably was
about a million per year type of thing
total.
Yeah.
There were some apps that were doing uh
$20,000 per day
actually. So like but these apps can be
shortlived things. Other apps would do
$5,000 per day. But the thing that
people don't understand is even though I
had say three four highly successful
apps, there were
50 apps I built probably that were not
successful that nobody heard about.
Right? So
you know one lesson I did learn I
remember was uh in my younger years uh
entrepreneur told me you need to fail
three times before you before you find
your first success.
What do you think about that?
I don't know if I've really failed at at
just [clears throat] wins and wins and
wins.
I'm thinking of it like I I didn't have
many failures in the sense.
What about the vlog? Huh?
Yeah.
I wouldn't I wouldn't call that
necessarily a failure, but but it's like
you have to have three failures to have
one success unless you count a failure
like going to see open houses.
For you was the very first YouTube
channel you started. It was just
everything I've done, it's usually done
well, but but I've never gone into
anything I've done for the money. It's
always been I do something because I
really enjoy it and it happens to make
money. Like uh like what started off as
taking pictures for reef aquariums for
fun turned into a turned into a job that
then turned into this whole passion
throughout high school where I just make
money. Uh same with real estate. It's
like I I [snorts] I I did a quick job
before that that I thought I wanted to
go in investment banking. So I got a job
at a precious metals investment firm. I
hated the job but it was really good
experience. Um but even as an agent I
was like I just wanted to like I would
wanted to work for free honestly and it
turned into a great career and then
YouTube was something like I would do
that for free. It turned into a great
career.
Um
well I I would say even for YouTube you
have videos that perform poorly, right?
That get 10 out of 10. Yeah. and and
some that maybe after you do a series of
poor videos, you get a one out of 10,
right? So, like you can even consider
some of some of these videos to have
been sort somewhat fail.
I don't know. I think it depends how you
frame it because some people are like,
"Oh, I failed at this. This sucks. I I'm
a you know, I'm worthless." But I've
always viewed every failure is like,
"Why did I fail? Why did I So, I guess I
I frame any failure as like, oh, I
learned something good." So, it's never
been a failure for me because if if
there is something that doesn't work,
I'm like, "Oh, what can I do? How could
I do that differently? Oh, I learned a
really good lesson from this. Here's how
I'm going to make it better in that."
And so, like that's it's almost like a
step up.
I think that's a good point. Yeah.
Because
like even for me, maybe I made 50 apps
even I don't consider those to be
failures, right? It's like maybe I made
an app and I I learned something or I
got a few hundred bucks from it. And so
a lot of people say, "Oh, being an
entrepreneur is so risky because you may
fail."
I don't think these people fail, right?
Like they they probably make a few
hundred few thousand dollars from their
venture, they learn something and they
move on and they satisfy their
curiosity.
So even for them, they not they may not
picture it as a pure failure.
Yeah. I think it just depends on how you
frame it. And there's uh what what is it
called? I read I read a uh a book on
this or it was like an audio book about
like um a self-fulfilling prophecy that
when you get in the when when you start
doing well at something it it spirals
into another thing into another thing
because you have that self-fulfilling
belief that if you do something you're
going to do well at it and because of
that you shift your mindset to do well
at that because you believe in it. Yeah.
Versus other people get caught in the
mindset of like oh I suck at this. Let
me give it a shot and it's probably not
going to do well but let me try and it
doesn't do well. I was like, "Oh man,
I'm I suck at this. I I can't do this."
And that continues that influences the
next choices.
Yeah. So, this is something this is a
theory I have that plays into this,
which is, you know, how um love uh
cannot be negotiated, right? Desire
cannot be negotiated. You cannot
rationalize somebody to love you, right?
It's like you can't sit down and have a
conversation and say like here are the
top 10 reasons why you should love me.
It's just if the person wants it, they
will rationalize to themselves all your
good traits. And if they don't want it,
they will convince themselves that
you're a terrible person. Right? So
in a sense I it's like we are where we
are because
we
we chose that place that we wanted to be
and then selfrationalize ourselves into
that.
Um and it's kind of like how you people
also say I don't have time for this. No
you didn't you have time right? You
didn't want to make time. it wasn't a
priority in your life and so therefore
you decided not to create the time for
it and you made these excuses. So I tend
to believe like um all of us are exactly
where we want to be.
No, I think all of us are where we we
think we're at where we deserve or we're
at what we believe to be our own limit.
That's what I kind of think because I
don't think anybody could look at not
anybody could look at their life but I
think a lot of people would look at
their life and say I'm I'm not
necessarily happy but I I didn't want to
be here. I want to be over there. But I
think deep down maybe it's they they are
where they are because
they uh they feel like that's what they
that's what they they deserve or like
that's what I'm worth is this.
It's like we
many people are addicted to their own
struggle, their own self-m right like
somebody may say I want to I want to be
a a book author and that's this state of
mind that they stay in and they never
write a book right and I think we kind
of push ourselves into these limiting
areas and there's this there's this
other book I read called the courage to
be disliked it's a pretty interesting
one but it's based on the idea of um so
like Young psychology basically says
that we are a product of our past.
Right? So they say if you had trauma
when you were a kid uh then for example
you can never have a family a happy
family life because you had this trauma
as a kid and so therefore your future is
predetermined.
But there's also this idea that trauma
doesn't exist.
Okay? So it's like if you're here and
you just will yourself to be happy uh
you can be a happy person right you're a
point in time you're not necessarily the
result of prior action so anyone can
just say uh I'm happy and what like I'm
suddenly I'm happy right and you can let
go of that prior identity that you may
have had
uh so based on that idea it's like you
can choose where you want to be kind of
like Say to yourself if you want to be a
happy like if you just want to say I'm a
happy person uh the things in my life
I'm going to view with a certain
perspective as being that of success
then say right like maybe these were
good things right like some people say
to themselves I had a bad day
maybe you had a wonderful day right you
you're not in jail right like you're not
dead you're doing fantastic and then
other people may just characterize that
as something bad Yeah, it's weird. I
always view things as it could be worse
and I try my best even even if I have a
bad day. I'm like, well, at least this
didn't happen. Well, that could have
happened. It didn't. Yeah.
Or I try to think, you know, how how
could this be better? And am I going to
what?
How was today for you?
Terrible.
Today was the
Could it have been worse?
It could. Yes. Today was the worst day
I've had in probably a year.
Maybe. Yeah. Maybe two years. This is
probably been the most Yeah. This is the
worst day. Yeah. Basically, my aquarium
sprung a leak. And that's like every
aquarium owner's worst nightmare is the
seam of the tank just all of a sudden
bust. So, I woke up this morning to 40
gallons of water.
This is why minimalism is what you need.
You're a slave to your possessions,
right? You're a slave to your aquarium.
Oh, but I love the aquarium. The the
aquarium is the one thing that has so
much. Yeah. So much happiness.
Grasp on you. You're an emotional slave
to your things,
right? But I think Graham actually likes
being like you mentioned people are
generally where like wherever they are
they're at their happiest because they
made their own choices to put themselves
there right and Graham may be a slave to
some material things such as his
aquarium such as his zenith El primero.
Oh but I'm not a slave to that
[clears throat] but the aquarium. Yes.
But I think that that's kind of what
fuels him. He's a very interesting
person in so far as like he's very
fueled by like stress and like negative
emotion.
Oh gosh. I don't have negative emotion.
This is like a jacket going. [laughter]
Have you done like a personality trait?
Like there's a trait in the ocean
analysis for an
neuroticism.
So that's the tendency to overw worry or
to overstress.
I don't know. I'm happy to take it and
see and see what come up for me. What's
your MBTI? Do you know that? What is
that? MyersBriggs.
Oh, I and I don't know. INTJ or
something something like that. I'm not
really sure. Cool. All right. But yeah,
but the aquarium is I I was unhappy with
at the aquarium because I really wanted
an aquarium and I did that was years of
just like looking forward to getting the
aquarium and I get the aquarium and it
leaks, but I'll get a new one.
But you still got an aquarium.
I still got an aquarium and I'll get a
new one in 3 weeks that I could set up.
So now I'm thinking like, okay, what's
the what's the bride said? Well, the
tank didn't explode.
Wasn't still safe.
Everything is still safe and I get a new
tank. What's the downside? Well, it's
it's a day. It's it's basically two days
of my time. That's the downside. Is it
two days? One day is going to be very
memorable of cleaning up the all the
water. The next day is going to be
transferring it to a new tank with and
I'll put sand in this tank this time.
Didn't put sand before. I'll make it
better. So I I try to view everything
like that. If something bad happens,
it's like how could it be worse?
Gratitude. [snorts]
I I did.
You got to get on the influence.
Like we influencers have to like have
mindfulness, practice gratitude, drink
black coffee. Do you do intermittent
fasting?
No.
You got to get on that, man. I mean,
otherwise, you're not legit as an
influencer.
Uh, yeah. I got to take cold showers,
too. Wake up at 4:00 a.m. to meditate. I
Yeah.
Yeah. You got to do
I did practice gratitude.
Minimalism.
I mean, where is that?
I couldn't do minimalism.
Really?
No.
Why?
Uh, I think there's some of that that
that I would enjoy temporarily, but like
deep down, I'm a collector. I love
collecting things and I like
consumerous consumerism materialism.
You're just consumed by your own
physical
design. I love having a collection and
and that that fun and the challenge of
putting together something that uh it's
like the searching of putting together a
puzzle like for me it would be a car
collection and like what cars can I buy?
Well, the Ford GT it would be a Tesla
road.
If you cannot be happy with a cup of
coffee, you can never be happy
because your desire
will be limitless, right? Like if you
temper your desires,
uh you can be happy with with anything.
Otherwise, you're always going to be on
that head on the stick treadmill.
But see, I'm happy looking forward to
stuff like like I'm looking forward. I
want a Tesla Roadster, you know? I'm
looking forward. Yeah, sure. There will
always be something else, but like to me
that's that's part of the collection.
But if everything got stripped away from
you, would you be able to be happy?
Uh, yes. But but I would be happy with
the expectation that I'd be able to
build that back.
So, you're not going to be happy unless
you have this Tesla Roadster that's
holding you back. I mean, you you've
already got plenty of cars, right?
But it's a but it's a part of the
collection. It's like But but for me,
it's the fun of picking a car that I
think is a good investment.
But you what if you can't buy the car
because you got stripped of everything?
Then it's just the hopes of being able
to buy a car.
Yeah. I and yeah I I' I've always had
the hope and the and the belief that
like well if I'm not going to do it now
I'll be able to do it in the future.
Always this is the the thing I've
realized is investment is is the most
boring thing in the world to like I used
to be into it just like you but I'm I've
like transcended
trans beyond that.
Yeah. [laughter]
But like
let's pretend that uh Bitcoin is the
ultimate investment.
Let's pretend that it's just going to
outperform any other thing.
Sure. So then would you just say and and
let's so would you just say okay let's
just like get rid of everything put it
all into Bitcoin if you make more money
put it more into Bitcoin and
it's like just anything you get you're
just going to plow into uh crypto some
type of cryptocurrency.
No because now I valued more so my time
so I'm like I'm doing things now that
would save me time and or for
convenience. Um, so like I do see a more
of a value in that. But as far as the
car, I mean the car is something you
could enjoy. So the car is part of
something that like you could go and
stare at it. It's like a piece of
Can't you just rent a car? Like here's
the here's the experience that changed
me is
Have you ever driven like a Lamborghini?
Yeah.
Huracan.
Like I went to this race course, you can
do one in Las Vegas. drove a Lamborghini
Huracan next to like a
Aston Martin and you know there were
GTRS and like Ferraris and everybody
just said yeah the Lamborghini and
Ferrari are in a totally different class
and just like the other cars just look
like pure trash compared to like the
Lambos
and after driving that for me I just
thought um I have absolutely no desire
to own like a GTR which I used to want
to own um because it's it's just total
trash and you know other cars you're
playing the status game like people say
Audi is the car for uh basically like
poor wealthy people right people who are
trying to show status who are actually
poor people right like if you want to
actually show status
uh get a classless car so for me
like which cars have no class Mini
Coopers Teslas gosh Minnie Cooper and
Audi's.
Yeah. I mean like [laughter]
said Tesla, too. So
yeah, they're saying all of Macy and
Graham's car is an Audi and she's
Volvos and Prius and Priest, too.
Yeah.
I'm pretty up there. I mean, you guys
don't have to prepare yourself.
You have transcended [clears throat]
everything and everyone and everything.
I am
life experiences, you know, like
let's talk about life experiences which
like have you been out of the country?
Yes.
But never out of the continent.
So you've been to like Canada, right?
Mexico is where I've traveled.
When I was your age, I had already been
to
How old are you?
Like late 30s, but I I say to myself
early 40s just just to give myself
he's transcended beyond his actual age.
Actual [laughter] age.
How can I guess like you hear Jack? Like
what is age anyways? It's a it's a
tech doesn't have an age [laughter] tech
just
I use like the
lunar calendar. He lives in the moment.
He is how old he thinks he is.
[laughter]
Age is just a mindset, Jack.
Like when I was your age,
Yeah.
I studied abroad in Japan. You know, I
had already been to like Ankorwa,
Cambodia, Vietnam, Halong Bay, Thailand
multiple times, selling in the
Caribbean. Like it's beautiful. You rent
a catamaran for like a week. You go sell
it in the Bahamas, in the British Virgin
Islands. I went selling in Thailand, you
know. I had already lived in Have you
been to Hawaii? Yeah, you went to
Hawaii. I had already lived in
London, you know, the UK. I spent time
traveling through all of going from like
the Swiss Alps down through the uh
French coast, right, into the southern
Spain area. I've been to Iceland, right?
Like done all of these things and you're
like here reading news, right? Like
you're reading a bunch of news and
making video about news in order to buy
more Bitco like paper wealth to invest
that into more paper wealth. For me, I
realized I was like, I just think this
is time that you're not going to
necessarily get back. What are your
assets? Health, wealth, time, and youth.
Youth is important, right? Because if
you go if you go traveling when you're
40 or 50, or if you're driving in a
Porsche when you're 40 or 50, nobody
cares about that. And your experience
will be totally different than if you do
it, you know, now. And
arguably since I made my wealth early, I
recognized everybody gets wealthy.
Everybody becomes a millionaire by the
time they're 60, 70, right? Like it's
very simple. You work 30 years for 30k.
That gets you what? A million bucks. So
the advantage that you have is your
time. People want that money now in
order to experience it and use it. And I
don't think it would like this is
something you're going to realize when
it's too late maybe. But you're going to
say lose the next five 10 years of your
life and then you're going to say okay I
made another uh
$1 million. What happened? You made 5
million but then you lost 4 million in
the market crash. So or right or you may
have made some money, you lost a bunch
in the market crash and then uh and then
you got divorced or whatever, right?
Like something somebody sues you and
then you break your leg and what
happened, right? That was it. Maybe you
get cancer. So people often say like you
have to enjoy your journey. The
destination is going to be trash. Like
in many ways life is a car crash in slow
motion. The ending we all die, right? We
all we all just die. So in in my opinion
like you create the lifestyle that you
want and you you need to live that and
the lifestyle needs to
use money, right? Because many people I
think they they go through life, they
make money and they want to live the
fire dream, right? a financial
independence stream where they're
they're essentially just burning very
little amounts of their money and
they're just living at home watching TV
and they take two vacation trips a year.
This is something that you're born with,
right? Like when you were a kid, your
parents already gave you that life,
right? Like just go live with your
parents if that's what you want. You you
can go you can play your video games.
You don't have to work and your parents
can take you on like a vacation twice a
year or something like that, right? like
it's extremely boring. I would say this
financial independence route. Fatfire is
one where you're able to live a little
bit more, but these people still end up
with um multiple millions, right, in in
their bank account when they die. and
they they never truly they never truly
find a use for that money, you know, and
and it's kind of saddening and extremely
boring, especially now that we have
cryptocurrency
where you just say if you get money,
just put it into a into this uh digital
dashboard, right? That's what we're all
doing. Make money, put it into a digital
dashboard, number go up. That's it. Keep
doing that and then uh 10 years pass, 20
years pass. So, in my opinion, saving
money and investing money is like living
on autopilot. It is the most boring and
lazy path. And if you're able to
actually figure out how do you deploy
cash, right? Spending money is
difficult. It It's extremely difficult
to spend money and deploy it into a way
that achieves enjoyment for you. You can
go buy uh a Rolex. Um, I don't know if
that gives you much joy, especially,
right? Like you buy it, you put it in a
in a cabinet, in a drawer somewhere, and
you say, "Okay, this is a nice
investment and and you don't really look
at it so much." I I guess you two own
Rolexes.
See? Yeah. Here's the thing, though. For
me, it's like I think a lot of people
enjoy what they do and they would be
doing it regardless. So, for me, it's
like I I don't I don't know. Right now,
I I would enjoy vacations like that.
Like to me that just sounds I' I'd
rather just like what sounds great to me
is a free schedule over the next week.
Get to work.
If you if you could pause time right now
though and there was no expectation of
you posting the algorithm would stop.
How would you spend that time?
Gosh, I don't know. I probably want to
get ahead. I mean
yeah that would make me feel good.
I have family friends who say like
um they're doing extremely well. I mean
we all have friends like this. they're
doing extremely well and they're still
working in their 60s or 70s and they
say, "Oh, I love my job. I would never
quit because I wouldn't know what I
would do with my time." It's extremely
lazy, isn't it? Right? Like uh these
people are on autopilot.
They follow the path laid out to them by
society to uh do their 9 to5 and to not
think further than that when there's a
whole world waiting for them. And and
you have to actually it takes extremely
amount like a lot of time and effort to
figure out what you want to do. Like
what I think about is um an itinerary
like when you take a vacation trip you
need to spend maybe uh two weeks
planning the itinerary. You need to
actually sit down and put in time and
effort and research this like what are
you going to do? Uh if you don't have an
eternary and you never put in the time
and effort to think about what you want
to do, then you just say, "Well, I
wouldn't know what I would do. This is
too hard. I guess I'm just going to keep
working because I can make five bucks an
hour if I do this." You're going to
reach a point in your life, you may have
already reached it, where your
investments,
the returns on your investments will
outpace any active income that you as an
individual is able to generate,
right? Like
Um, and at that point, why do you work?
You can increase your like let's say
fun.
I enjoy it. Like, I don't know. I I love
doing like this. This is kind of work,
but like I would be doing this
regardless. And and I've even thought
like what would I do if I took, you
know, a full week off work like I I
would be loading up podcast. I do more
podcast guests. I'd do more reactions on
the second channel. I would just keep
doing what I'm doing. Yeah. probably for
you this is absolutely the position you
should be in.
Yeah.
Let's say you're 10 years older.
Yeah, I know it's gonna change.
Let's say let's say you're 10 years
older now.
Uh would you is your answer still the
same?
Probably not. But but I would but I
would have the options to do at that
time or it could be in a month. I mean
realistically it'll probably be two to
five years. that's what you know kind of
and and and at that point I could re
evaluate the schedule and kind of maybe
figure out something different but I see
probably two to five years like I love
this and maybe if it's longer it's
longer if it's less I've I've always
just done like what I felt in my gut of
just like this is what I want to do I'm
just going to do that and that's the
right choice it's always been the right
I have a question for you Graham
um if you knew you were going to be gone
one week from now what would you do
if I were going to be gone like
yeah I don't want to say it because the
YouTube algorithm I would be unal alive
in one week.
Unal alive in one week. What would you
do?
Oh gosh. Um I would probably go scuba
diving in Fiji with with with Macy.
Well, with everybody. I I would take
everybody I could and Yeah. I And you
two. I would probably take 30 people to
Fiji uh to go scuba diving and then I'd
find a way to divide up my money so that
so that it goes to the right people and
places. Jack, who was saying I'm not
going to
Yeah. Why are you saying what? I didn't
say anything.
You're a good guy. [laughter]
It goes to Ramsay and Bailey.
Oh, okay.
The the Ramsay and Bailey Foundation.
[laughter]
They're going to have this huge house in
Bair.
Yeah.
It's going to be so nice.
Let's say like
let's say um you make a video, you get
no views,
and you get no money. Do you still make
videos?
Certainly not.
What? But there's there's
because like there's there's
[clears throat] two things that feed
you. Number one is uh your own ego,
right? By getting the views, you you you
feel self-important, right? Like, hey
guys, everybody's watching me. The
second thing is maybe maybe money the
money is going to get to a point where
and you may already be at this where
it's it's money that like like for me
I'm going to die with money in the bank
account, right? I I'm there's going to
be money in the bank account when I die
even if I try to spend it. many people
are going to get to that point. You're
you're probably at that point. Um, so
the money is just kind of like you can
make it. You're you're never going to
touch it in your entire life and quite
frankly your investments may outpace
your your active income by 10 to one. I
mean, you know, you may get to a point
your own narcissism or ego is something
that you don't necessar like if you
escape out of it and get out of the
status game anyways like
Yeah. But I think it's it's less about
myself and more about like what you
provide to somebody else. And for me,
it's the it's the fulfillment and
purpose that I get when I see someone
come up and say, "Hey, it's because of
you that I bought a house. It's because
of you that I got my first credit card
and I did this and now like now I'm
financially secure." And like that's the
sort of stuff for me that really pushes
me. And and it helps that money is a
byproduct of that. And like obviously
that that's a component of it. I enjoy
that. uh and that just as it gives me
more content to make. But even something
like this, it's like I would say there's
a very small portion of like ego and I
would say the bigger portion is that
whoever's watching this is able to get a
different perspective that they wouldn't
have without us being in this room
together and spending our times like
talking about stuff like this. So, I
think that's that's great
for me since I'm
I'm basically like
I was where you were like 10 years ago
or something. It's like I had my phase
where I dedicated a year or more of my
life to reading news every single day
and day trading.
Uh I got nothing out of like the news I
read. I'm I'm not sure if I I attained
any skill out of, right? no long-term
lasting learnings, no personal growth. I
realized that all the news I was reading
every day was
I couldn't care less about, right? It's
like Jerome Power raised interest rates
by 25%.
You know, uh Joe Biden is doing
something, they're printing this much,
some company released some annual
earnings report. Two weeks later, is
that news important? No. It's it's
complete garbage, right? It's like you
it's unactionable priced into the
market. So you do this long enough, you
do this another 5, 10 years, you may get
to a point where you're just like, buy
and hold, you guys, right? You, if I
want to help you, I tell you, uh, buy
and hold. Deploy all your cash into uh,
Amazon, Apple, Google, S&P 500,
and just hold it, right? And and get
like Bitcoin or whatever, right? Get
some crypto and that's it. Just buy and
hold, don't sell. That's all you got to
do, right? Maybe that's it. And and then
all the other news that you're reading
is just causing you to wor around to
spin and you're just like, do I buy? Do
I sell? No, just you already deployed
your capital, so just hold on to it.
Yeah. But some of that I think I enjoy
it. I love the process of reading
through the news every day. I love
seeing what's new. And for me, it's like
it it's it's a component of that, but
both entertainment because like I watch
I watch like every finance video that's
out there. And I would say half of them
I I watch just for the information and
that's it. I just I wanted just the
details, but the other half is just
entertainment. Like I'll just sit there
and I'll like eat dinner or I'll eat
lunch and I'll watch a video and like
that's what I just But I also
acknowledge that I'm not I I'm kind of
weird when it comes to that sense that I
I find like these very specific topics
extremely interesting and I I fixate on
them. And so for me it's like the reef
aquarium and business and making money.
It's just like those are the two
segments that I just
love. I mean, I would say I I still do
pay attention to I I still read it as
well, but it's just like when you step
back, it's it's maybe the most
interesting thing of all the boring news
out there. So, it's still something to
pay attention to. Yeah, it's
interesting.
But let's for someone like that, you you
know, you're not you're not chasing
anything. Why why do this? Why create
Million Token?
Yeah, Million Token. Check it out.
Million Token.org. We got them, you
guys. We're on the Graham Stefen ice
coffee hour. Check it out. [laughter]
Yeah, with with Jack. Yeah. Million
token. You know, 1 million limited
supply.
So, I had spent probably the last nine
months of my YouTube channel really
promoting this, right? This token was
released in June in July of last year.
Uh, initially it was I mean I mentioned
this before as well. It's a joke, right?
was like it was supposed to be this fun
social crypto activity because I'm a
programmer. I know how to create how to
create some of these smart contracts
that it would be this community
activity. we could just all get together
and it was going to be something that
just lasted one video. Really? Right.
Like uh
is that really your expectation though?
Because really
Yeah, it was like it was going to be
this fun activity, show you guys how I
created the token, how you can create
your own tokens and just put it out
there, right? And and it was supposed to
be this like I make apps all the time,
right? So to create a token like I make
programming projects on my channel
occasionally as well. So to me it was
just like hey this is kind of neat. I
didn't give it much more thought than
that and deployed it. It turns out over
time that uh the token has pretty good
fundamentals actually, right? It's like
one token backed by uh one USD coin. Um
the rest is up to market fluctuations
and there it actually had some legs to
continue running. And the more I looked
at it and other people started getting
into it as well, it's just like
th this is actually pretty neat, right?
Like the fundamentals are actually
pretty good. I mean, I don't want to
toot my own horn here, but the
fundamentals are super clean because
it's like it's never been hacked. It's
bridged across almost every blockchain.
You know, you got Ethereum, Binance
Smart Chain, Avalanche, Phantom, Harmony
One, um maybe some more.
The zero inflation rate, transaction
times are super fast. You can use any
blockchain that suits you, right? So
it's like if you compare it and it's
smart contract compatible. It supports
NFTTS.
It supports like all of the capabilities
of that. So when you compare it to so
here's the thing, right? Like Bitcoin
and Dogecoin are firstg coins. They
don't support smart contracts,
right? They they don't have NFT support.
They don't have staking,
right? Aren't they working for
They're still trying to deploy that,
right? like Jack Dorsey of Twitter is
trying to come up with uh like smart
contract support for Bitcoin still,
right? Like like they're trying to work
on some of this stuff.
Then you've got the second gen coins
which I would say is like
um maybe she enu or something like that
some some token that is purely on
Ethereum. Ethereum gas fees are crazy
expensive and plus some of these coins
have pretty terrible fundamentals like
they may have inflation. you don't know
who the founder of Sheba coin is. It's
like you don't know how many coins like
there could be some shady stuff going on
in there. So when you take a look at um
million at least it's interesting
because it's on so many chains you can
get super low gas fees and like the
founder is stocks and it's it's it's
just kind of a ne
but why but why create it just for fun?
Was it was it out of boredom? Was it
just what why why put your time into
that when you could be traveling or
doing something else? I tend so again I
believe in like what the journey right
it's like whatever's neat whatever's
interesting maybe it'sn't like a art
project or something right so I I make
apps out there all the time whatever I
think is just kind of interesting so
that's it's really like it's game theory
it's a social experiment right it's like
if if I put out a token backed by one
USDcoin
one interesting thing about this is it
will never uh disappear right the
project will never lose value. It it
won't just vanish because there's always
value attached to it. So, and then any
price above that is simply market
dynamics.
Mhm.
Right. So, it's like what would happen
to this? It's also pretty cool because
like it's a NFT. It's a hybrid NFT,
right? It's like um Right. It's like
it's it's a fun badge for anybody, at
least on my channel, like as a
millionaire. If you also want to be a
millionaire, you can own like a million
tokens. So, like there's some pretty fun
things with that. It It didn't take too
long to deploy and I always wanted to.
[laughter]
Way to go, Bailey, for lightening the
mood here.
Yeah, I always wanted to just try out
the smart contract. So, yeah, that's
what happened with Coffeezilla.
We we saw some big this was the biggest
drama of YouTube back then when this
came out. Coffeezilla made a video.
Yeah. So, unfortunately, here's the
thing.
When Coffeezilla
initially messaged me, um he was intent
to just like he built his reputation on
destroying as many he just wants to call
everything a scam. That's how he gets
his views. If he came and said, "This
project is pretty neat. Actually,
there's some things I like about it.
Hey, crypto is kind of cool, you guys.
He's going to alienate his audience,
right? He builds his life on criticizing
other people. Like, what value do you
add? But when he came to me, he said, I
I want to destroy your token value,
basically. Like, I I want to just come
and and make this video that you're
scam. And I'm just like, there's a lot
of people who are holding on to this.
And like I want I I I don't think the
val I don't think you should just go and
like trash these people's values, right?
You're not hurting me. You're hurting
these people. I'm trying to protect my
community. But he just wanted to make
any claim that he can. So he comes up
and makes up this claim that really has
no basis. But what he's saying is um he
he particularly lashed on to this thing
about liquidity. Okay. So where he says
I put a million I said I put a million
dollars of my own money into a million
token and he says well did you really
when actually the way I deployed it was
I put $50,000
uh liquidity with 50,000 of tok the
tokens right this is just a way that
unis swap works but here's my original
thinking right I was going to say I have
a million of these tokens supply I'm
going to I I actually like through
Coinbase I can't just bring in a million
dollars right away. They have all these
restrictions and account limitations. So
I'm able to bring in 50,000 and deploy
match that with 50,000 tokens and deploy
that. But originally I was going to say
why don't I deploy these tokens over
time. Uh I'll release 50,000 tokens and
back each one with $50,000.
Right? So the backing is there. When
those are sold out, I'll release another
50,000 and set a buy floor for another
50,000. Right? So, I will set these buy
floors and just put in the buy order for
50,000 at a time.
Now, if you have 50,000 and I'm not that
familiar with it, let's if you've just
released 50,000, wouldn't that mean less
liquidity, meaning there's more
volatility in the price to go up because
there's fewer being released?
So, at this point, I did not even
understand liquidity, right? Like, I
didn't all I knew was I I can create a
token. I want to figure out how to get
it deployed. I I even imagine in my head
that I can set buy floors, right? So I I
can deploy 50,000, set 50,000 by floor,
deploy another 50K, put another
Yeah.
So
what's a buy floor? Is that is that
it's a market order, right? A market
limit order to buy, you know, like
50,000 tokens at one USDC.
Okay.
Right. It turns out that in the
decentralized exchanges you cannot set I
mean this is getting into the weeds
right like you cannot set uh market
orders for buy and sell there is no buy
and sell order actually what you're
doing is you're doing a swap and you
you're interacting with liquidity pools
so because of the way this works
essentially like you need to deploy the
liquid you basically need to match up
the number of tokens with the the
liquidity that you put in and you just
put that out anyway. So
So but there's no way that you could set
a minimum be like I'm going to put
50,000 out there but the minimum price I
want for these 50 is $2.
Yeah, you you cannot set limit orders
like that. So this was something that I
mean at the
but you couldn't but don't you have to
to guarantee that it's a dollar? Doesn't
there have to be a limit order to be
like well I'm not going to sell this
below a dollar. So at the time, Uniswap
V3, which is concentrated like capital
efficiency liquidity pools, this
complicated uh concept. Um it just came
out. People were still figuring out how
it works. Um I was able to over time I
realized that I can use the V3 pools to
set a liquidity wall at 1 USDC for 1
million token. And so now there is you
can check even there's a million dollar
liquidity wall for uh $1 million worth
of USDC for every token. So that backs
each token. But
yeah,
e
even now like it's excess. You could
even say it's excessive, right? Because
if I if I release 50,000 tokens and I
have a million dollar liquidity w that's
like you don't need that much capital
backing whatever you release, right? So
but isn't there a chance that let's say
hund,000 people want to sell at the same
time and there's only 50,000 in
liquidity pool. What would h is that is
that possible that that more people can
sell than than liquid?
No, not not if you monitor not if you so
again you have to keep track of how many
tokens are in the free market. If
there's like 10 tokens floating around,
you only need a liquidity wall of 10,
right? 10 USDC coins to back all of
those, right? So essentially the like
every token was always and has always
been backed. Yeah.
Right. by the one USDC peg and
Coffeezilla is simply I think he was
simply just saying like hey you only put
in 50,000 at first right and and this
the
and then like as the
basically as people exchange USDC coin
for million token there were more mil
there were more USDC coins that I
figured out hey you know what rather
than waiting for Coinbase to bring in
more funds to deploy. Uh since people
were exchanging one for one, the USDC
can actually be used to deploy more
tokens. And
in either case, right, they would always
all be backed
now for but how many do you hold on to?
Because I mean, and again, I'm not
familiar with this, but let's just say
you hold on to 900,000. So there's only
a 100,000 for sale. Doesn't that mean a
smaller float essentially means that the
price could go up higher if more people
are buying a smaller amount? Like with
GameStop, the reason it went up so high
was because a lot of those were were
held and there wasn't a lot on the
market. So because there weren't a lot,
if people were buying, it was driving up
the price higher. Couldn't that be a
component? Yeah. So I I think this was
probably one thing that I I wish I could
have done earlier was to deploy more of
the tokens faster given like again this
was something I was not super familiar
with with the whole liquidity thing I
learned over time but like I did not
think like I I deployed with 50,000 you
know and and within the next day I think
I deployed another 50,000 so but I was
thinking how much are people going to
buy right like maybe 5,000 tokens. So,
in my mind,
50K was just like excessive, but I was
just thinking, you know what, this this
is the limit I can bring in.
Um, and I I deployed the tokens pretty
much as quickly as I could, you know, to
people who wanted it.
Yeah. Uh, could you disclose how many
you have now?
Yeah, you I mean, you can totally check
on Ether Scan. I own uh 60 about 6%
basically of the million tokens which is
from a distribution standpoint
this is what you want like you want you
don't want whales in the community so
this is like I mean
at first we had some people who would
just buy come in they recognized hey
this is an opportunity
they they kind of knew like their game
around cryptocurrency so they bought a
whole bunch they were whales
and they were able to like like the
whales are very dangerous in a community
like I see people sometimes in the past
they would be holding on to massive
amounts of tokens and would just be
thinking when are they going to sell
this
um if you check the distribution now
it's like
we there's no whales it's it's it's a
very nice distribution when you take a
look at Dogecoin
do you know like 50% of all Dogecoins
are held by like 10 wallets or something
like that, right? So, like it's like
these these 10 people or so can crash
Dogecoin if if they wanted to get out.
Now, I am curious though because you
went from 100% ownership with a million
dollars down to six. Doesn't that mean
that to give up your ownership, you
you've been selling coins along the way
at whatever price someone's willing to
pay? Because you provide the million,
but if someone says, "Hey, I'm willing
to spend $20 for every one." That has to
come from you, right?
No, it's so I don't
to understand liquidity you like if I
were to sell I sell to myself. If I'm
the liquid I'm the primary liquidity
provider, I can right like you trade
against the liquidity pool. If you
create the liquidity pool and you buy
and sell, you're you're trading against
yourself. So I think this is one thing
some people don't understand. is like
you it's it's actually I think it's
actually difficult to try to so-called
rockpool project because if you sell you
sell you just sell it back to yourself.
So what I do is uh I I provide I create
the liquidity pools and
the liquidity pools were a way for
people to just um the tokens essentially
get deployed as the as there's buying
pressure.
All right.
Right. But the price
deploying a liquidity pool is generally
a neutral position
and it it never causes the price to go
down. But I guess my question is let's
say you you deploy 50,000 at a dollar,
the price gets bit up to $2, let's just
say, and you said now I need to provide
more liquidity. So I'm going to give
another 50,000 tokens, but the price is
$2. Now, by you giving up that 50,000
tokens, does that now mean that you in
return get $100,000 because you gave 5%
of your liquidity? Because you would
because you wouldn't sell it for less
than what people are willing to pay
because then that would be unfair to the
people who bought the first 50,000. So,
you have to match the market value. So
wouldn't that mean that you went from
100% ownership
and would release the liquidity at
whatever price it's trading at?
Uh I so I think it's important to
recognize
[clears throat]
you can lose money on liquidity.
Yes.
Okay. So like let's say the price is 200
and you deploy a liquidity pool. That's
an agreement to not only sell tokens at
a price of 200, but an agreement to buy
them back at 200 as well. So, so if if
you think the market has gone ahead of
itself, like let's say it's just there's
a lot of hype and speculation and you
deploy liquidity, you're buying, you
could be buying a bunch of the tokens
and if the tok right you'll be buying
them at 200, 199, 198 the price can drop
and then
you're holding a bunch of million tokens
and then you redeploy more liquidity at
a lower price,
you can lose money,
right? Because no matter what, right?
Like let's say the price goes down to
100 bucks,
you deploy more liquidity, you you would
have and let's say at that price you
sell out all the tokens, then you would
have lost uh half of your money by then.
If you were to do that, so what you're
trying to say is that just like you
would provide liquidity from $1 to $20,
you could also provide it from $20 down
to a dollar. So, just like you're making
money, the price goes up, you're also
losing that equivalent money as it goes
down.
You can lose massive amounts. I mean, I
remember there was a moment where um
I I put in like $100,000, maybe more of
liquidity
in order to try to just support the
current price range. And it got wiped
out in four hours, right? Because some
whale decided to just sell out.
Mhm. Um, so they just cashed out that
liquidity position. So,
you know, it typically liquidity is
supposed to be a neutral position. It's
it's actually anybody can do it. You
know, it's like it's not like I'm
special in any way. Like
anybody can just come in and add
liquidity if they want. So, when you're
going back and forth with Coffeezilla,
how much of that was strategic of just
you're going to drive more attention to
Million Token? because I watched your
videos and I think a lot of people can't
differentiate
you being real versus the sarcasm and I
like I kind of knowing you would watch
these videos of yours and be like, well,
you know, you're being really sarcastic
here, but you're it's also trying to
prove a point and it's driving still
more traffic.
Nothing I say is ever a joke, you guys.
You need to understand that. But, you
know, I've dealt with Coffeezilla enough
before. I mean, come on. um ex-convict,
but I've dealt with him enough before to
know that many people, especially in his
audience, are simply out for a mob hunt,
right? Like it's kind of like the
Twitter mob coming after you and people
have already made up their minds. They
believe what they want to believe and
there's no reasoning with people, you
know? So it's like yes I can sit down
and give you this long explanation like
I've done already but um it goes with my
prior note my philosophy that people
believe what they want to believe. You
know they they are where they want to be
and then they come up with all sorts of
self-rationalizations and uh
explanations for why this is the way it
is. Um, it's kind of like how I told you
you can't you you can't negotiate love.
If I can give somebody the best
explanation in the world. They don't
want to if they don't want to
understand, they will will themselves
not to. So when I'm debating with
Coffeezilla,
uh, it's just like
just feed into it, right? like just feed
into just fan the flames you know and
get some views out of it and give I can
give some explanation which I've done
but at the same time humans are
irrational like I said so
you can
I would say like do you believe it's
necessary to explain anything
right like if somebody asks you for an
explanation
um should you explain why you're a
rational pain. Hey, I'm rational. This
is why I'm rational. Or should you just
say, I'm a psychopath, you guys. Humans
are irrational. What What do I have to
explain? It's like asking a rabid dog,
please explain yourself. It's like this.
Don't expect people to be rational.
I don't know. Sometimes I think a good
explanation goes a long way in a very
calm, collected way because I feel like
you're able to articulate something that
might be misconstrued. So if there is
something thrown at you,
combating that with with points against
it and why the other person might be
incorrect or or explaining your point of
view, I do think goes a long way because
I I I think people are able to see that
and contextualize it and
I don't think you can uh argue with a
mob, right? Like have you tried arguing
with the Twitter mob?
Well, I well I think there's a
difference between arguing with each
person individually and addressing the
situation as a whole. So, I think yeah,
like there are certain comments that
I've received that are like, "No, I'm
not going to respond to this comment."
But
here's the other thing. Like,
Coffeezilla never
I don't think he wants an explanation,
right? Like, he's ever This is the
YouTube game. Everybody's in it for
money. He builds his business off of
criticizing other people and just
calling like life like, right? Like, is
life a scam? Yeah, it probably is,
right? Is is marriage a scam? Sure. Sure
it is. It's like, is life uh unfair?
He should make a video about that. Hey,
life's unfair. You guys, breaking news.
It's like if if he already has a in my
view, if he already has a perspective
and he doesn't want to sit down and have
a long conversation explanation about
this, um, and you know what he's going
to do? he's going to just clip out
whatever he can and just attack the
other person and just make a video and
leave out anything
necessary, right? So, like this is my
problem with criticism culture, by the
way. Uh criticism is easy. Everybody can
criticize. I've had so many people come
criticize me in the past, you know, like
uh I made a tech interview pro course,
right, to sell interview tips on how to
get into fame and people come and say,
"Hey, this is a scam, you guys. I this
is a scam. These people never even took
the course." Meanwhile, other people
came in and said, "Uh, let me just see
uh like let me try to focus on myself
instead of just blaming other people."
Yeah, I heard a story about that and we
could Let me ask you if it's true. I
heard that there was a competitor. I
don't know where I heard this. I think
it was a video that I saw on YouTube.
Someone said that there was a competitor
to your program and their website
expired and you bought their website and
then when people went to their website,
it rerouted it to yours.
That was a pretty old piece of drama.
Yeah.
Um [laughter]
and I mean we we can go into that if you
want. No, I'm just
there's plenty of content, but like
I
I would say he should focus on himself
and focus on collaboration instead of
it's like if you're trying to tear like
let's say you spend your life tearing
somebody else down. Let's say you spend
your life trying to write all the
injustices that were done to you. So,
you grew up to age some age and you you
make a list of everybody who wronged you
in your life, right? Hey, that person uh
stole my website. That person uh stole
my piece of candy. I'm going to go back
and just like get these people back. I'm
going to find justice. You got to focus
on yourself. I would say event
ultimately if you want to find success,
uh there's no room for anger. There's no
room for hate. Like it's a think about
it. Hate is a luxury, right? Hate is a
luxury that if you truly want success
you cannot afford
to uh like right isn't hate something
that just and anger something that just
makes you feel good but you lose in the
process of pursuing that.
So it's it's a luxury that I would say
you cannot afford if if you're truly
going after the the highest success
um you collaborate with everybody.
Somebody wrongs you, you say, "Cool. You
wronged me. How can we still make the
best of this situation, right? Instead
of saying, "Oh, you wronged me. Let me
burn my bridge with you. Let me just
burn all of my bridges. Uh, let me like
get you back and focus my life on
tearing other people down." Then you
tear yourself down,
too.
Got it.
Yeah. I think what was it? I forget.
Someone a while ago. I've had two
instances, but it but both of them have
turned out really good. One person I
think it was on I think it was Tik Tok.
They got my uh don't like my screen name
like Graham Stefen and uh they were
really kind about I forget which what it
was, Jack. Maybe it was Tik Tok. It
wasn't Instagram. I forget what it was.
But anyway, um I reached out to the
person. They're like, "Oh, yeah. No, I
got it. Maybe it was Clubhouse. I got it
because I didn't want anyone else to
take it. Here you go." It was so nice
about it. And then one time my do my
domain grahamstfin expired and I don't
know who did this but they bought
grahamststephin.com and rerouted it to
go to meet kevin.com
or [clears throat] like met kevin.com.
It was like one of those funny things
and I asked Kevin I'm like dude is this
you? He's like no it's not me. And then
eventually they just they gave it back
but I just thought that was really
funny. But both of them have have really
good endings. This was a year ago
probably over a year ago when Clubhouse
first went out.
Jack just got a whole bunch of us bunch
of usernames. whole button like good
usernames. I don't we don't have to
mention them specifically, but these are
names that like should be reserved for
like the
elite of the elite. And Jack just
I went in and yanked them all. I got my
friends phone numbers and I was like,
"Can I use your phone number? Can I use
your phone number because you need to
attach it to a phone number?" And then I
just got them all to your poor Jack.
This is something [laughter] like
And guess how much money I got out of
it?
Two bucks. Five zero dollars. Tens of
thousands of dollars. have good
username. If you had cash out, you'd
make like a few pennies.
Here's the thing, though. Now, I asked
Jack, I was like, "Why what's your plan
with this?" And he's like, "Well, if
they ask for it, I'm going to give it to
him." I'm like, "You wouldn't sell it?"
He's like, "No, I wouldn't sell it, but
like I would just give it to him."
Um, the the downside though is that
in the beginning, you didn't know if it
was going to go the route of Instagram
where eventually like you have a
one-word uh username on Instagram that's
like 20 grand. Jack behind all those
YouTube boss, you're the one posting on
all those channels.
But unfortunately, Clubhouse is just
like it went really downhill and now all
your usernames are kind of worthless.
Worthless completely.
But it was still I mean it took me what
an hour and a half and I gave myself an
opportunity to have
I don't know a lot of upside.
He but he has
you got to go 10x chat.
Yeah. But he has good usernames of also
like uh corporations and like uh
this isn't passive income man. No,
[laughter]
it was very active and it also wasn't
income. So
So yeah, never what? Never sell your
time.
Never sell it. Well, I also enjoyed it.
It was kind of fun because you try a
username and it doesn't work. You're
like, "Oh, what about this celebrity?"
And you try it and maybe it works and
they give you a little, you know, a
rush. It was just a late night one.
Yeah. But Jack got a few people with
with well over like 40 50 million
followers and
Yeah. It [snorts] was a good time.
Gosh.
Worth nothing now, but it was fun.
Yeah.
Yeah. So, in terms of uh in terms of
your channel now, I've noticed that
you've you've made some we don't have to
mention specifically some controversial
opinions and topics lately between some
channels. How much of that is simply for
the shock value of let me say the most
out there thing?
I'm against the current thing.
What's up?
I'm against the current thing. Whatever
the current thing is
pretty much like whatever it is, you'll
take the opposite stance of it. But I
notice when you do that the views are
like 5x what they would be any other way
a lot of push back but at the end do do
you just see this is like a if I say
this or I take this stance the there's
more upside than downside or we'll move
on or
I think it comes down to um like I
stopped reading mainstream news right
because there's no alpha there like
everything there is priced into the
market so if if all you do is follow
mainstream news, you will always be one
step behind. You know, Yahoo Finance is
going to come and say, um, this is what
you should believe in, whatever, right?
Like, uh, some markets doing well. Um,
but that's all pressed into the market.
Everybody's seen that. So, you have to
think
by yourself and often times go against
the herd, right? because that's where
you find uh new thoughts, new opinions
and ideas and where you're really at the
forefront,
right? And so you have to keep your mind
open and just question and ask yourself
question like just ask yourself like is
this really the truth? Don't just
believe what whatever you read. Um
that's where the so to speak alpha is
right that's where the reward is. Um so
personally for right it's like I avoid
mainstream news. I like to read
controversial news. I mean even Elon
Musk right recently took a hold of
Twitter to say that there's no free
speech anymore.
Yeah.
If you say anything that is against
current mind speak the current thing or
believe whatever like uh you could be
cancelled for sure but then you don't
find returns on investment. You don't
find opportunities because you're just
following the herd all the time.
So what I like to do sometimes on my
channel at least is um I present
different opinions right different
points of view ask people to question
themselves and this is something that
like let's think about your upbringing
you were raised with certain values your
teachers your mentors your parents all
came to you and said
these are things that are important
these are things that these are your
values so then you go into the world and
you're afraid to reflect your values
into the world. You're quiet. So the
flame that they lit in you to stand up
and speak your voice was extinguished
because you were too afraid to speak.
Right? You let the voices of others
drown you out.
Maybe
and this is maybe a freedom that's only
provided to uh people who are not able
to be cancelled like may
maybe if you really want to reflect the
values and respect everybody you met in
your life who gave you the values and
beliefs that you currently hold and
these people spent so much time and
effort trying to get you to believe in
these things and hold these values that
are so strong. Maybe you should reflect
those values into the world too, simply
to show respect to every mentor and
teacher that you encountered in your
life. But when you let other people just
drown you out uh because you're afraid,
you're showing disrespect to anybody who
put any time in you, they should have
just said, "Why am I even wasting time
with you?" Right? Why am I even trying
to teach you anything when you're going
to just coward out and just be quiet
because you didn't want to speak up? And
if if you were to speak up enough about
whatever it is, right? Like um maybe
even just saying, "Hey guys, maybe we
should think about this. Uh I'm not sure
if I believe this." Um
like maybe if enough people say that
together that forms an opinion, that
forms a voice. Uh, is it okay to be
Some people don't want to be the first
candle that lights up, right? Because
they're afraid to go against against
that crowd. Maybe you're a follower.
Uh, that's why I'm the tech lead, right?
Like maybe maybe you need to lead and
like initiative is extremely uh
difficult to find in people. impact. You
probably know most people are extremely
low impact, low initiative people, zero
initiative, right? Like um this is what
separates tech lead by the way from
software engineer. So right software
engineers, by the way, they only do what
they're told to do. They enter a
company, they're great coders. You give
them a task, they do it. Solid engineer,
great. You did the task.
uh the senior engineer what separates
them is initiative and impact.
So you need to take initiative. You need
to come and say I've seen enough of the
world. I have experience. I know what's
right or I know what's worth pursuing,
worth exploring. Here's an idea
and not only is it something worth
thinking about, but we need to make it a
reality and actually execute on this
idea and take that initiative, right? So
like very few people do that. Most
people say, "Hey, [snorts] wouldn't it
be cool if uh somebody made this?" Hey,
I had an idea for an app. That's that's
kind of interesting. Hey, this this is
somebody should do that sometime. Yeah,
I'm going to do it one day. One day I'm
going to go to uh South America and
explore. One day I'm going to go scuba
diving in Fiji with all of my friends.
Uh are you ever going to do that, right?
like probably maybe it's never going to
happen because maybe do you have
sufficient initiative and impact to
execute
right and and that execution can be
extremely ugly. It's where the rubber
hits the road between what dream and
reality right between sky and ground.
That's a very dirty messy part. Sparks
are flying. Um,
but you have to get in there sometimes.
And yeah, people can disagree with you.
There can be a lot of mess going on.
It's not a place that a lot of people
want to be. It can push you out of your
comfort zone. Uh, it can make you look
like a fool.
Your pride, your ego, your status can
get in your way. You may still need to
just say, "Uh, let me go make a fool of
myself. Let me humiliate myself."
And by doing that, you take initiative.
Why did you leave California?
Some of that I know was, you know, maybe
some of the some of the taxes.
Yeah. How did I end up in this whole
random?
And you made a video complaining about
dry skin and just the
Yeah. Just washing my face with hard
mineral water that's just scratching my
skin.
Going to make you age more.
Yeah. Just aging and dry air. Just
So I'm crying now. Actually, you just
can't see my teeth.
Yeah. But if money was a was a
consideration, wouldn't you just say,
"Yeah, I'm going to live in California
where it's where my skin's going to be
better."
Are you here for the money, for the your
tax savings?
That's definitely a component. But I
would say for me, I would say taxes is
is one of them, but the lifestyle is is
a huge component of just I feel like I'm
getting way more than I would be able to
do in California.
Las Vegas is very functional, right?
It's it's very nice actually, so far
from what I've seen. Like I I spent time
in San Francisco and it's it's total
trash. It's a total trash pile of a
city. Like everything boarded up. But um
I mean this is where like if you're rich
enough, you end up in a desert in the
middle of nowhere, right? Like if you're
if you're kind of middle class, you
might be in a nice city like New York
making your way Los Angeles or something
like San Francisco. Um, really for me,
after I figured out like after I totally
trashed this city and told everyone how
how trashy it is, hey, I'm here you
guys. I'm in Las Vegas. Now, you know
why I don't have friends?
Um, but for me, it was a decision like I
I realized that if if I'm going to be my
plan is actually to do more traveling,
right? To integrate more traveling into
my life. So, if that's my plan, it
simply doesn't make sense to uh get what
like a nice seaside apartment in Los
Angeles or something where I'm paying uh
whatever rent it is and I'm not using
the space, right? So,
it's the cost of living, I would say,
for Las Vegas that gets you something
pretty good um for a price that's not
going to just, you know, like it's not
going to be something that you're you're
not even paying for. uh or or it's not
going to be excessive to that point.
It's pretty reasonable here. So
yeah, I wouldn't say the tax savings are
meaningful at all really, right? Like
10% tax savings is not meaningful.
You should go to Puerto Rico, right?
Like if you if you're really after tax
savings, go to Puerto Rico.
Um, so to me it's kind of like it's a
pretty decent cost of living base from
which is close enough to California for
me. If if my family were on the east
coast, I would definitely go to Puerto
Rico, right? But
uh since I still have family and I have
a dog I need to take care of over in uh
California, occasionally I like to go
back and visit. So uh Las Vegas makes
sense and it's a pretty interesting
change of pace. And I think I mean this
is an experiment kind of for me but you
know I've I've been interested in travel
and like I'm trying to maximize
experiences. I have I have very little
interest in material things you know
like I I don't own a a nice watch. I
don't own a nice car. I don't own a
house. I don't want to own a house. You
know like your aquarium
uh exploded right? It's like I don't
want to maintain that. I I have no
interest in fixing anything. My hands
are for typing. That's it, right? As a
as a dig, like I live in the metaverse,
but um so I'm trying to focus more on
traveling and experiences and Las Vegas
is is a great base for that.
So that's that's kind of my current
plan, but I'm not here to save money. I
think saving money is um
it's a waste of uh youth and time. Like
I'm not sure I I believe in saving money
even anymore. Like I believe if there's
a young person who has youth, time, and
health, and they're only lacking in
wealth, but they have every other
capacity to maximize happiness and
enjoyment, maybe they should deploy that
capital at that point in their life to
maximize that than waiting until they're
60 or 70 and they're not able to deploy
capital.
It's easy to say that when you have the
money cuz then it's easy to go back and
be like, well, you know, I I got this I
could focus on the other aspects, but
when you have no wealth and it's it's a
grind of like, well, I have to suck it
up at this job for the next 30 years
just to pay my just to break even every
day.
It's not like it's like enjoy the
journey, right? I
so I I don't think like you can like
what you you've got to maximize
enjoyment every step of your life. If
you think what I like to think of is
right like if the most successful of
people are doctors and lawyers they
achieve wealth early retirement at the
best age 40 maybe age 50 by then their
life is over right it's like uh so
you've and that's in the best case
scenario so you have to make sure you're
enjoying life every step of the way and
and deploy I think you need to find ways
to deploy capital to do that because as
you get older
And you know, you're going to realize
that you cannot derive enjoyment anymore
from your from money. You know, you you
may find that or you may find it very
difficult to deploy in a way to make
yourself.
See, I see it as a means to an end. If
you if you have a job that you dislike
and you're 25 years old, you have you
have health.
But he's talking about you.
Well, let let me ask you
talking about me specifically.
Has anybody saved their way to riches?
I think so. I I think like we all made
our wealth through focusing more on
making money than on saving on like
Starbucks coffee.
I mean, I did that. I mean, it's it's
hard for me because I saved everything.
I lived so cheap. I mean, I would I even
a $5 Subway. Like, I thought about that
purchase and I'm like, do I really need
the $5 Subway or can I do uh uh eat two
eggs and ham and cheese for 97? And I
did that for
I did that too. But I think it's
I think it's a scam story that the media
sells you as an easy way for anybody.
Hey, we can all become rich. Here's how.
It's so easy. All you got to do is uh
skip lunch. When the answer is far more
difficult than people want to hear. Go
start a business.
Go apply yourself and make money. It's
easier to make money uh than to save it.
Who wants to hear that?
I don't know. Part of me thought it was
easier to save than make because if you
if if I save a dollar, I'm saving a
dollar after tax. If if I'm going and
making an extra dollar, I'm taxed on
that. It's worth less than just if I
saved it. So, for the first from really
18 to 30, I was just like hyperfixated
on just saving. And those those habits I
would there there'd be no way I'd be
here today if it weren't for those
habits that that were just so ingrained
from the very beginning of just like
save save save.
It was the habits but it wasn't
necessarily the saving itself, right?
Yeah. I mean obviously if I were making
$15,000 a year but I was saving $14,000
of it and you know then obviously I I
wouldn't be here today either. But but I
think it was a combination of saving
everything but then also actively
working on
improving myself and making more money
at the same time.
If you're a young person, uh use the
money that you have. Don't save it and
deploy it into like learning something,
right? Acquire some skill. Use the money
to go to business
free. I I think so much learning could
be done for free. like a lot I besides
books. Um I I learned everything from
YouTube and Reddit. I mean that's like
and then if there was something I didn't
know, I would learn it in real estate. I
would I would talk to other agents. I
just it was my time. I spent my time.
Let's just put it this way. There's so
much advice online and from every like
Dave Ramsey person who's saying uh you
need to cut back cut your budget. you
need to like pack your lunches.
Everybody feels that's actionable. They
feel good about themselves. Nobody's
saying, "Hey, why don't you like uh
start a YouTube channel? Why don't you
like build a course? Why don't you try
to teach something?" Like why don't you
like build a product, start a business?
Nobody tells you that.
So, everybody's just out there saying,
"Okay, 401k.
Le let's let's let's max out that 401k,
you guys." Well, because those those are
I I want to say those are pretty
surefire guaranteed ways that people
could have instant results. I think
starting a business, a lot of them fail.
Doing a lot of these things, a lot of
them fail. So, by focusing on the core
of the foundation of these, I know
contributing to a Roth IRA, saving
money, that's money in my pocket. That's
guaranteed. Anything I do beyond that,
that's where I take the risk. But let me
at least have my fortress over here and
that gives me the safety and the
reassurance that I could focus on
whatever else I want and once those pay
off or if they pay off then I could take
that route.
It also is like yeah like he said it's
the safety and reassurance that you know
for a fact if you do end up saving money
that is completely within your control
is that you can save money and you can
invest it
and it's a safe way to to collect a lot
of money rather than going and starting
a business starting a YouTube channel
where you have so many so much chaos and
variables. Yeah.
You're poor. Hey, look.
Bought a house. What do you [laughter]
That house is 15% this year.
You're poor. Like, look. Yeah.
Let the millionaire speak.
Okay.
I'm not talking about Graham. I'm
talking about me.
The true millionaire.
I have a I have a question for you,
Graham.
Yeah.
Uh, how much money were you making per
year when you hit a million dollars net
worth? [sighs]
Somewhere between 150 and 220 a year.
Probably. Maybe two.
No more than 250. Definitely in my
opinion. 20 to 250.
I think that you
you didn't make yourself wealthy by all
the penny pinching. I agree with tech
lead.
No, I I would disagree. I think it were
it would first of all there would have
been no way [laughter] first of all
there would have been no way that I
could have bought those all of those
properties that contributed to that net
worth and that that foundation of income
had I not saved every single penny even
at the time I bought those first few
properties. Uh, I was still like $2,000
short and I didn't have money to pay a
contractor and I had a tenant moving in
shortly and I had I I went to my
grandma.
Let me ask you and she and she gave me
two grand. I'd be like, "Thanks,
grandma. I'll pay you back in three
weeks. I'm literally getting this money
from
She could have gave you three grand.
Could you have driven Ubers? Driven Uber
on the weekends?"
No, I was working on the weekends. I was
a real estate agent and those weekends I
would go up to uh to San Bernardino,
check out properties there from I was
and here's how I know this at 18 I think
I was 18 or 19 my girlfriend at the time
throughout high school broke up with me
and I was so sad and depressed
because you were too cheap.
You see that's why [laughter]
she said Graham it's you need to buy
that Starbucks. No, no,
that's that's what it cost you for being
all the savings. I mean, you don't know
what you lost.
No, I I know it had it had nothing to do
with money and that was absolutely Yeah.
If you had focused more on making money,
you would be a billionaire now,
right? In in comparison, you're only a
millionaire now. So, that's what it
cost.
I feel like But you could say the same.
I could be a billionaire. You'd be like,
well, you could always be worth $10
billion,
you know? Or you could if you focused
more on this, you'd be more. But but my
point being is that when I went through
that, my way out of it and my escape was
just like, I'm going to put everything I
can into bettering myself, improving
myself, going to the gym, and any moment
of free time, I poured myself into work
because that was my like outlet and that
was my uh creative just I felt alive
doing that. I had so much fun doing that
and that was like made the days fly by
because I enjoyed it so much. But yeah,
I mean, but I saved every little bit of
that because I knew that that my income
was so sporadic as an agent that that's
what gave me comfort was being like,
"Okay, if I make a commission, I could
save it." I also in a competitive sense
felt like I could net more than the
agents who's been doing this for 20
years because I've seen how they live. I
mean, they'll spend everything they
make. They make 300 grand. They're
spending 300 grand. They got nothing
left over. But if I could make 50 grand
and save 25 of it, then technically I'm
saving more than they are.
And that's how Yeah.
Yeah. I mean, if your spend rate is
extremely high, then then yes, you maybe
my spend rate just tends to be low
either way.
Um, but in in either case, it's just a
it's just a recognition for me that
there's a lot of mainstream media
saying, "Hey, just put it into 401k,
save your money, that's how you're going
to uh become rich." And I'm just
questioning that narrative, right? It's
like
uh I'm a futurist. I tend to think what
are people 100 years in the future,
people are going to look back and laugh
at us and say we were totally idiots.
So, like right now everyone thinks 401k
and saving money is the way to go. In
the future, everyone's going to say
something else, right? They may say,
"Yeah, this is totally flawed."
Question that. Well, I I I think the end
goal is that there's probably both. I'm
not a huge fan of the 401k. I much
prefer the Roth, but I I if someone
makes more than $6,000 a year, I would
do anything possible to tell that
person, save everything you can until
you max out that Roth IRA. Whether
you're 18, 19, 25, doesn't
I would tell the person like buy a DSLR
camera and start a YouTube channel,
right? [snorts] Like start a business.
Maybe use that and learn a programming
and uh right get a job as a coder
instead of just saving that and and
working a dead-end job and you're going
to save like 50 bucks. But see the issue
that I that I see is that people view
either let's say in your YouTube channel
example as a means to an end be like I'm
going to start the channel make a ton of
money. Everyone who I've seen who's done
YouTube has done YouTube for fun first
and if it takes off great and and that
will eventually evolve over time but
everyone successful that I've seen never
started being like I'm not going to max
out my Roth IRA I'm going to start the
YouTube channel and make a lot of money.
It's just I've never seen that happen.
Uh, I would agree with that that money
is a extremely poor motivator
and [clears throat] people should not be
chasing money in the first place, right?
Like I it's it's not going to you get
money you're just going to throw into
Bitcoin or crypto or something like
that. It's like figure out the life you
want. Many people even if they achieve
massive wealth like you
say the life I actually wanted was to
stay at home reading news and making
videos all day.
that's actually what I wanted. Well, you
didn't need wealth to get that.
I think the money gives options and it
gives the person the option to say,
"Hey, you know what? I don't feel like
doing this today or maybe 10 years from
now and if I want to do this, I can."
That's where I think the value is
because otherwise if I knew that I'd be
perfectly happy just making a video
every day and so be it. But I don't I
don't know if that's going to last
forever. I've always just gone with,
hey, this feels right. This is what I
want to do. this is where where my
intuition leads me. I'm going to pursue
that. It's always been like that. So,
and have having money gives me the means
to pursue
whatever it might be.
I would say money is is definitely
useful. Most people who have it don't
know how to deploy it and never use it
properly. But if you know how to figure
out how to actually deploy that and
maximize
that in conjunction with your other
assets, right, like health, wealth,
youth, and time,
uh you may be able to figure out how to
actually use it properly. But generally,
it's it's very difficult, I would say,
to deploy money in a way that's going to
bring you happiness, right? Some people
just buy uh a car that makes them happy
for a month and they lost $500,000
and it gave them one month of joy,
right? I mean, right?
Not if they buy a Ford GT that goes up
in value, then they can make money and
enjoy the car.
I mean, I can tell your status just from
that is like pretty cheap. Like, it's
not not very rich. I mean, you think
that's expensive that
what's what's expensive to you? What
What would impress you? Be like, "Wow,
Graham has a Lexus LFA McLaren F1."
It would be like uh owning a catamaran
out in the British Virgin Islands,
right? It's like you're you're a land
lander. You just go around on land.
[laughter]
All right. If that's what you enjoy. You
know, some people got catarans out
there.
Yeah. I still need to transcend. I'm
going to work on that.
[laughter]
Yeah, you you'll get there. Keep working
at it. If you're here, I'm like
right around there.
I know. That's why that's why I always
have to look.
Jack, you're like under the table by
now.
Jack has to transcend to my level.
Where's Bailey? And where's Alex?
They're They're not even I They're like
They're not worthy. They're 16,
[laughter]
but like this table is even
They're not even worthy of his table's
worth more than me.
Why isn't this table goldplated, right?
This is trash. This whole studio is
trash. How much was that? How much was
that jacket you're wearing?
This is um
This is top-notch stuff, right?
It's made out of ex-husband material.
[laughter]
This was a gift. Yeah, this is a gift
from my ex-wife. You know how much she
cost me? [laughter] Half my assets.
There you go. Yeah, that's how expensive
this is.
That's how much it was.
No, this I mean this, you know, this is
like I I wear outing gear, right? It's
like it's a it's statusless, classless.
I would say. So if you're wearing like
Prada or Gucci, I know your social level
right away. It's like it's not that not
that out there. So
what do you think you can work on?
I mean, what I'm working on now is is
really this new project for me for for
myself, which is um I'm curious about
can hap can money buy happiness?
Everybody says no, right? Everybody
says, "Oh, money can't can't make you
happy." I'm I'm trying to understand
that and to challenge that belief. I'm
trying to
um find more creative ways to deploy
capital, right? Like I told you, it's
it's autopilot and extremely lazy to
just go through life selling on the 9
to5 course and to just continue working.
like Elon Musk is living uh it's a very
boring uh like it's it's it's nice that
he's doing that but it's also a
thoughtless path that requires zero
creativity or the people who are uh I'm
inspired by Tom from MySpace he quit
social media entirely like 3 four years
ago he disappeared went off to like
explore nature you know I think some of
these other people who you never hear
about are living probably the best lives
out there Right. So, like I'm I'm
challenging some of those beliefs for
myself. Um, and that's kind of the
current thing that I'm trying to
explore. So, for me, like saving money,
investing money is it's a boring pursuit
to me and I'm I'm personally more
interested in just figuring out how to
deploy capital in in a meaningful way.
Thank you so much for coming on. It was
really nice meeting you. I appreciate it
a lot. Mentorship group link down below
where you can also get your free stock.
It's worth all the way to
Republic with the code grandma. G r a h
a m.
Thank you for having me. Thank you. It
was nice meeting you. I
really appreciate it. Thank you for
coming here and
until next time. Bailey, what is it?
What? Get it.