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Graham's Plan To RUN FOR PRESIDENT | Ep. 9

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In this episode of *Iced Coffee Hour*, hosts Graham Stephan and Jack discuss their recent financial activities, including ad revenue milestones that are funding a potential Lamborghini lease for future podcast episodes. The conversation shifts to YouTube's algorithm performance, with Graham noting a significant improvement in video views after two weeks of poor rankings, which had previously caused him considerable discouragement. They also address the high-profile Twitter Bitcoin scam involving major figures like Elon Musk and Jeff Bezos; while $155,000 was stolen in ten minutes, both hosts question why hackers would settle for such a small amount when they possess sophisticated skills that could be better utilized through legitimate cybersecurity roles or stock market manipulation. The discussion touches on the absurdity of selling property on Mars via SkyVia and Dennis Hope's legal loophole regarding moon ownership, leading to reflections on whether extraterrestrial life exists beyond Earth. The hosts then dive into a detailed review of Jack's personal budget using Mint software, revealing expenses ranging from video editing costs at $4,012.79 to dining out at places like Little Caesars and Dave & Buster's. Graham advises cutting discretionary spending such as fast food and fees charged by banks, while highlighting that both hosts have sold investments in Dogecoin and Wells Fargo stock after experiencing losses or realizing the companies were poor long-term bets. They emphasize their preference for index funds like VTI and VXUS over individual stocks, though Jack notes he recently invested $200,000 into California tax-free municipal bonds to save on state income taxes. Additionally, Graham shares his success with options trading, achieving a three-for-three record this week by selling put contracts that expired in the money within 90 minutes of expiration. A significant portion of the episode is dedicated to answering "powerful personal finance questions," where both hosts reflect on past financial mistakes and future goals. When asked what they would not do if given ten million dollars, Graham answers he wouldn't wait to set up a Roth IRA or invest in risky assets like Dogecoin, while Jack reiterates his commitment to working despite having enough for financial independence. They discuss the concept of "Lean FIRE," where one saves only enough to cover expenses and luxuries without retiring completely, as both hosts enjoy their careers too much to stop working entirely. Graham also addresses whether he would run for president if eligible; although he lacks a college degree—a constitutional requirement that is not strictly enforced but socially expected—he expresses interest in the idea of social media influencers entering politics, citing his own dual citizenship and potential appeal to younger voters as unique advantages. The dialogue concludes with broader societal observations regarding higher education and marriage contracts. Graham argues against traditional university models by suggesting pre-recorded online lectures could drastically reduce tuition costs while maintaining educational quality, noting that many students are dropping out due to high fees for recreational services they do not use. He also advocates strongly for prenuptial agreements as a rational business contract between partners who mix emotional relationships with financial realities, comparing them to car insurance where the goal is prevention rather than expectation of failure. Throughout these discussions, both hosts maintain their characteristic skepticism toward conventional norms while encouraging listeners to think independently about politics, finance, and life choices without blindly following partisan agendas or societal expectations.
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so welcome back to the iced coffee hour with you with your host gram Stephan and Jack Jack welcome this is our ninth ever episode good and for those who are curious we have made oh go ahead take a guess you know what today I actually just looked I know but oh wait total yeah total oh you know what today's ad revenue didn't post yet so I think we're at twelve twelve hundred dollars I believe it is that's exactly right well hundred dollars yeah there we go vodcast is doing swimmingly what are you gonna do with all that money what kind of Lamborghini do you want I'd probably get an adventure yeah we'll call it hot pink hot pink I'm probably gonna get the svj roadster okay with just the oh you said you like that one it's just a carbon-fiber body the whole thing so I'm gonna use the the podcast money to go ahead and buy that on lies investments in a lease I bet that thing is probably gonna cost about $8,000 a month to lease so we could get with us and talk like 1,200 bucks we can get like a few days of a lease that's not yeah that would make a killer podcast episode without Boyd's so let us know guys know geez actually if you wanted to rent it by the hour I bet it's like $1,000 an hour are you kidding me oh yeah oh yeah because oh we forgot the downpayment of the road sources it cost the MSRP of the car about five hundred thousand maybe five fifty and it's a thousand dollars an hour if you're gonna rent it you gotta like Enterprise rental you can't go to Hertz anymore yeah so yeah but yeah if you're gonna rent one of those car their expenses that's crazy this is company thanks so much money they make so much money doing that yet is catching up on everything have you been reasonably good anything exciting happen in the life of Graham yeah the algorithm is finally back in our favor yes I feel so much better now last week isn't such a run it seemed like all the videos I had posted just I don't know the algorithm just didn't didn't like me last week and in a bit the week before that it's like no matter what I posted two weeks now no matter what I posted it was just like 9 out of 10 10 10 I was feeling so discouraged and now the videos have picked back up thankfully the algorithm is coming back in our favor so I'm feeling so much better about things YouTube has an algorithm like you said it ranks lost 10 video so now we're gonna be able to see when we get 10 videos how our videos perform relative to the last 10 mm-hmm and when you get a 10 out of 10 it means of your last 10 videos that you posted you that went did the worst and yes and and you know if you have a 10x you feel bad on purpose oh you know when you have a 10 out of 10 it's you feel like you failed like you really questioned everything did I was like my career is over like I'm gonna I'm gonna have to go back to work yes yeah let's do something else on damning celebrities dinner any of them respond Graham I was dying to know one person responded back now is the time that you got to put an ad break is it me like the person who respond it is right I wouldn't comment right now we'll give you three seconds comment who you think responded okay great so Adam 22 okay yeah and what do you respond he just responded back a little like emoji so that basically means he's acknowledging that you're in his inbox yeah basically like I do that every now and then if someone gets back to me and I know I should respond to the person but there's really not much like I don't want to respond like a paragraph and in acknowledgment usually is good enough yeah cuz then I've seen it what I'd seen your message I read it respect it respond back but it ends there Adam 22 yeah so thank you in that one-in-a-million chance he's ever watching this yeah right on yeah for those of you guys who are curious the ring goes to press shot underscore K underscore job oh gee it's a little thing there oh yeah yeah for sure hahaha thank you for entering there was 82 people that wanted it Wow 82 82 people so I just did a Google sheet so listed Wow random number generator Prashant won wow that's cool yeah it's a good way to do it congratulations we have pressing news okay what's going on with the Bitcoin scam Oh Twitter wow that was crazy absolutely crazy some of the biggest names so yeah so what this is is when they when they hacked into all these Twitter accounts it was like this this stupid Bitcoin giveaway and it just says I'm feeling generous today I want to give back everyone say give back so if you send me one Bitcoin I'm gonna send you to Bitcoin back yeah and they made like really famous and yeah notable people tweet that right so yes it was like Elon Musk yeah Kanye Kanye Jeff Bezos Bezos Gates I think I built back okay Obama mama Jo bite like some of the biggest names and I'm shocked that they can hack anybody you're anything and they choose to do a Bitcoin scam so I only thought it happened to one person and I figured that someone just found out that password but this was like a leak air like a crack in the security of dinner because it happened to like seven people I think there's so much more they could have done with the access to their accounts that maybe could have gone unnoticed for a lot longer and could have done either more damage or for more money now here's the thing I mean some people might say like this could be like a political thing gonna hack in the people just wanted money yeah so they're all just about money I think I read a source that said they got about a hundred and fifty five thousand dollars in Bitcoin in ten minutes which is which is significant one hundred fifty five thousand dollars in ten minutes is a lot but you have to think it's like the amount of work and skill and sophistication it would take yeah I do you want some help I just cut my fingernails thanks yeah but the level of sophistication it would take to hack just for that was you know that doesn't seem like it's worth it doesn't seem like it's worth it and so like I was thinking okay maybe it could be like a test of something for something bigger like they know now you wouldn't waste on Bitcoin see it for a hundred fifty five grand there's no way like something better would be like its Twitter gonna do about it I don't know they're probably they're going to investigate they're going to apologize you're gonna do better next time that's what they're probably gonna do just really what anybody could you try it they're gonna try to find it but if I mean if it were me and I was like hacking these places like first of all I'd want a job so I'd go in and be like you know I want I want $750,000 a year I want to be a part of your cybersecurity team like let's work together you know I found I found inefficiency I'm really good at this why are these people going for Bitcoin it seems like if you have that skill then it should be like worth much more than $150,000 because I mean that never happens it's like hench lee jail time I mean they're not gonna find a girl let's be real you're not gonna find out who did it unless someone rats your eye like there's no way they're not gonna know but I'm you know it would be a lot easier to to tweet something about like well I guess it was after I would wait you would you would wait like during morning hours of trading and you pump stocks I mean you just mentioned some little penny stock nothing's gonna soar like three four hundred percent Elon Musk says something like I'm gonna I'm investing everything in neo yeah imagine that like you know I'm we're buying out neo at $50 a share seconds that thing is gonna rise and and if you have any amount of money iDVD puts quadruple you're very quickly and how would they like especially if you knew you're gonna do this as I'm you buy in like a month or two before keep your position in there as you see it go up start doing like you know just selling off bit by bit by bit but make a lot more money than just Bitcoin scams but then it's traceable then they find out like then they look maybe the SEC looks at everyone who made like profit a lot of money but but that would it would be so a lot of people were trading me oh there's so many people you think they would so now if you did it if you I mean I'm sure if you if you know that much and you you probably be a very calculated operation if you're gonna join why pick why Bitcoin yeah and do that it seems like just a very low-level thing to get $150,000 just baffles me is expected it would have been much my it would be the equivalent of someone breaking into like like an art dealership do our dealership this would he call it like an art museum and his a Mona Lisa that you could steal like a whole bunch of other stuff but you steal something from the gift shop yeah and like you broke in yeah the museum and you had access to every every no one was there no security yeah speaking about all these celebrities and Elon Musk he is selling property on Mars right is he I think so oh I think selling property and I already was selling property on Mars and I heard it was twenty-nine dollars an acre sky via skim there's no way someone has the rights to sell property on Mars are you sure yeah there was a guy a while ago who claimed that he had ownership of the Moon you guys can look this up it's real thing and he actually fought it because he claimed like there there's something about the moon being like neutral territory but he did something that like circumvented the law he found some loophole where he was able to file something to had the ownership of the moon and no one responded to it or contested it within a certain time frame and yeah he like illegally got ownership of the moon but that doesn't make any sense because what was he based in like America yeah because some like that then he would have to assume that America has the right to give away I said what it was exactly I can we get up rather than I've been here like I could look it up it was it was a real thing yeah it's this guy says meet the man who owns the moon a loophole in a United Nations Charter has allowed Dennis hope to sell plots on the moon for more than 30 years in an early 1980s hope then unemployed for about a year thought he'd be a good property owner and could make a living managing real estate he looked out the window and saw more unclaimed property than he could possibly fathom the moon and he took a political science course in college the 1967 United Nations outer space treaty said no country could own the moon but it says nothing about individuals hope wrote a letter to the United Nations saying the moon was his and he asked the group to come up with a legal reason why an individual could not claim ownership of the moon he never heard back I sent the United Nations a declaration of ownership detailing my intent to subdivide and sell the moon and have never heard back there is a loophole in the treaty it does not apply to individuals since then he sold more than six hundred eleven million acres of land on the moon individual one acre lot sell for $19.95 and there are discounts for larger plots you once told a country size plot of land 2.6 million acres for two hundred and fifty thousand dollars he sold plots in the moon to three former presidents George Bush Jimmy Carr Jimmy Carter and Ronald Reagan he's President of the Galactic government a Democrat Republican Democratic Republic he represents landowners on the moon on some of his other properties he claimed ownership of Mercury Mars Venus Jupiter he claimed oh yeah well he's at it customers combined and the entirety of Pluto for $250,000 Wow that's insane yeah I love how he just sends in like he's just like yep the moon's mine now like he said his intention was to own claim ownership of the moon so and he also contends there's more than six quadrillion dollars worth of helium reserves on the moon that he that he and his property owners which there are thousands on all of it helium-3 is used in nuclear fusion and trades are about $125,000 an ounce might be interesting to buy a plot would you buy any moon honestly I'd spend like a few in a box and I just it just gets like as you never know like in case this case this guy turns out to be legit one day I want a piece of that oh how I bought the moon for $78 I don't know would be funny on Mars do you think aliens exist I'd love to think that some sort of extraterrestrial life exists I have a feeling maybe maybe not on Mars I wouldn't be surprised if there's like some different form of life or some I'm a carbon-based cell or something like that another planet that's alive I wouldn't be surprised wouldn't be surprised if aliens exist this is weird to call him an alien but I wouldn't even aliens I do I believe there's some other form of life out there I think there has to be yeah I agree if the universe is like ever expanding I think that there's there's no way there's not like at least something yeah I mean how are we the only ones I think it just doesn't make sense unless this is all just like a virtual yeah simulation I mean that's the only thing I could think of is that none nothing exists and everything is a figment of our imagination and then leads us to believe to each of us then have our own realities like wow you really exist is your reality completely different than mine so am i potentially all alone and everyone else is just a figment of my imagination well as is everybody else yeah it's crazy to think so I don't know stuff I think about every now and then we also have to address the sad demise of dogecoin for the record I sold out of it within 24 hours of buying into it I think I lost but 50 bucks for you 50 thankfully I was down yeah it was down and then I figured ha man I was out to get the Pecos down about $80 were you ever up no now one moment as soon as they bought it you it's the second I broke even for the video basically the entire video basically helped my loss and never in the green it was not once again that is so funny yeah I sold out for a loss of like 60 bugs so it didn't go my way I there it doesn't only go up guys I know wasn't gonna it's a stupid thing yeah there's no point to it yeah for those of you guys who are curious and worried about me and my investments just know this is all play money that I'm doing with like you know the puts and the options and dogecoin that's not like my retirement my kids funds nope no it's all just play money it's gambling money gambling that's all you're doing yeah exactly with dogecoin know the options IRS options but yeah you told me today also of Dave and Buster what happened there man I don't want to talk about you don't want to talk about it really I invested in dave and buster's and of course the California shut down again and I've been holding onto the stock and it's been going down consistently every month and uh and I really believed in it and then California announced they're gonna be shutting down right now it's indefinitely it's probably gonna be about two weeks and I figured at that point it's just like how much further can dave and buster's really really go from here if California is gonna be shut down again if other places are gonna begin shutting down again this is not a stock to hold on to and I'm gonna put in something safer so of course it's sold out of it and then the next day goes up 20% 20% it goes up the day after I sold it it's like and also the day that you sold it it started climbing I started going right after I sold it so it didn't like me owning the stock what it is and I said I rarely sell anything like the the dogecoin I mean obvious I'm gonna sell it but but yeah the Dave & Buster's something like I'm holding on to everything else that's the only one that I've sold and of course it wasn't as soon as I sell it yeah it seems like the best investment strategy is just do the opposite what yeah if Graham buys a stock i shortlist on pretty much Warren Buffett actually came today or there's an announcement today that Warren Buffett said he would have been so much further ahead today if he just never sold a stock Wow yeah that's incredible yeah and then people say we'll win even Cisco well if you still with Cisco what about Hertz stock if you just never sell the head stock so like just there's a fine line there but I mean overall if you just don't sell yeah you don't get better off I've know in my actual trading portfolio I've never sold anything okay so yeah in my place stuff like I do but that's a very small percentage of that's the way it should be ya know so there's what we do guys well regarding the sell contract the sell put contract that I talked about last podcast it went through and actually bought back with 90 minutes left and I made like 46 dollars okay oh so not too shabby I think I made like a two percent return in one week nice so things are still going well I'm two for two on my options trading 24 20 that's what we want what do you have for 20 for 20 is when it's funny it's what it takes well I did another one this week and it looks like it's gonna go in my favour again good so we three for three well every right now is going up that's right now yeah it's when things start going down yeah so I think people are hopeful right now for any sort of cure mm-hmm and so they're just rallying and stas all I'm saying is if I'm going three for three I mean is that that's better I'm guessing than you expect that's better than two of two is that what you expected I would do three out of three I don't know I don't know I did not give that much thought hmm so if we can get it 20 out of 20 then they don't they don't listen to you okay all right all right so now we're gonna go on a segment where Graham is gonna review my budget so I prepared my income and expenses and I can throw up a screenshot of the spreadsheet that's okay and Graham is gonna look at all my stuff so I just want to let you guys all know I was very hesitant to do this because I don't personally I don't like revealing this information or it makes me feel a little uncomfortable but I know you guys wanted it okay so all right so here we go so we got video editing 4,000 I want to read this millennium item four thousand one hundred and twenty seven dollars and twenty-nine cents we got the mentorship group link down below in the description by the way you know what we should do discount only here $30 off love it for the first 10 people only mm-hmm let's do it 30 bucks I'll go get to talk to Graham and I oh yeah you could join the livestreams yeah so yeah $30 off first ten people down below in the description if you want to join it what it is is it's a it's a private Ramsay I'm telling him about the mentorship group it's what he does every single time he wants attention yeah he does that Ramsey of telling you about the mentorship group how they can you live streams with me every Sunday morning at 9:00 a.m. Pacific Standard Time and then a zoom call on Thursday at 5:00 p.m. Pacific Standard Time and then you do it Tuesday I do it on Tuesday yeah so uh so yeah so the mentorship with eleven hundred and six dollars a month hourly okay six hundred dollars podcast a hundred and forty four dollars and fifty five cents okay decent income that's good that's good but then we got your expenses side that's one mint with Matthew what's that okay so that was that the that I got the Vietnamese pho with my friend we're spring rolls what's lucky groceries why is it lucky I don't know that was what meant classified it as I just got all this from lucky PayPal don't know what that was 1500 you paid you paid us that one time with it for the drink remember was it really yeah Oh or maybe that was mo oh that was Ben no okay then we got Little Caesars 539 okay that's right two trees cafe $18.00 to the cafe what was that I got this thing called a Monte Cristo to sandwich my friends wanted to go I forgot sprout sells okay so Ralph's $140 that was groceries to the month audible $15 a month fees and charge what's why you think bees in charge I have no idea what that was I just saw you know what oh look at what that is on mint because that's probably like an overdraft of some sort really yeah look at that I think it wasn't over dry hair do some sort of concealer you didn't pay a credit card off in full on time or you got charged interest on something it wasn't called fees in charge it was called something else and I was scared that it was locational and I didn't want people to know where exactly okay but it's it was classified as a feat in the category all right jack-in-the-box 757 that's expensive for jack-in-the-box yeah brochures 106 habit Thompson for those venmo a dollar arc of gas okay groceries she went to groceries twice it's reading 220 dollars a month in groceries yeah okay that's fine bonds so gross 59 70809 total expenses 419 dollars that's a lot net income 55 my expenses are a long a that's a lot of money so okay so what I would do Ramsey so what I would do is probably got to cut out the little Caesars cut out the tree two trees cafe get rid of those fees and charges no jack-in-the-box you want to get that down to like 380 a month and I'd be happy I spent 380 on the amp for July so I'm already that's why I chose June instead of July yeah Ramsey stop it he wants to show you okay there you I mean yes it's it's you got to get the spending down disappointed a little bit got to get the spending down a little bit I mean it's it's good III I mean obviously had no complaints on this I mean overall it's not terrible like I don't have very expensive taste no for the most part it's good this reminds me of my expenses back in the day I would have like really nothing yeah but I yeah it's good yeah I'm fortunate I don't have very expensive taste yeah you know I just don't need very much to operate Graham I maxed out my Roth IRA for 29 clappy thing yellow where you do it there you go maxed out graduations thank you very much nice what do you invest in I invested in VT Sachs Oh done easy so my own personal investments I do Vikes but in my Roth IRA I did VT Sachs sparked yeah well congratulations that that's the way to go thank you so much eg Sachs it I was perusing the internet and I found this article called eight powerful personal finance questions that you should ask yourself so I thought it would be cool if we asked ourselves these powerful personal finance questions oh let's hear it number one what would you not do if you could go back in time what would I not do I would not I would not not get a credit card no that's not I didn't get a credit card so I would not not get a credit okay alright accounts that's a terrible answer what would you not do invest in dogecoin so Dave and Buster's um what would I not everything is I would not not do this I would I would have said I would not have waited to set up a Roth IRA was like 22 I think I think I figured when you were 20 21 or 22 somewhere in there did you just learn about it then yeah mmm yeah I didn't max up my Roth IRA 2017 or 2018 yeah I learned about it when I was 21 22 somewhere around there okay so alright that's fair yeah so that's what I would not do I would not wait okay not wait to do that when do you picture your financial independence day to be which is like when you decide that you're good to to just be free oh that was a few years ago so already really when did you just said it was I don't think there's ever a decision it's just it's just just happened it just happened and I know properties I'm guessing well yeah rental properties but it also like I'm not talking about living you know that it's it's called what is it called like it's not like lean fire Oh in a way it's lean fire so it's enough to pay all my expenses and kind of everything I'd want to do within reason but anything over that then I'd have to save up and invest more money but then you know invest and save more money and then got the house now and then had to invest and save more money and got that covered so I mean I'm not talking about like Lambos or anything like that so that's the part of me thinks like to be truly like fire it would have to include all the luxuries you could ever think of so yeah so yeah what's your plan with retirement are you ever gonna retire now I doubt it I would be shocked how I ever stopped yeah as you know there is I always want to do something I like I like working what's yours my financial independent oh probably I mean the worst financial decisions I've ever made was probably investing in Wells Fargo in General Electric oh well as far as a terrible company I threw some money and then yeah cuz it figured like how much worse can they be they got worse I mean I lost money in Wells Fargo's stock so far it's just a terrible company yeah I lost the most money in Wells Fargo in general I think they're both just bad investment I agree but that is the worst financial decision ever made all right the third question we already answered which is what would you do if you had ten million dollars in the bank which your answer would be the exact same thing if I had 10 million cash right now sitting in the bank what I would do is probably take half of it index funds half of it real estate so they do would you ever invest in bonds oh you know what I actually started doing that so I took two hundred thousand and I bought California tax-free municipal bonds yeah and there was like a pond fund the advantage of that is that income is not taxed at the state level so it saves me on state income tax on that what's the return I think after all expenses and fees it's about 1.2 percent but that's tax-free so that's really more like 2.4 percent before taxes which is big for me so I figured I may as well throw some cash on that that it's always gonna be there tax-free and if I need the money it's it's sitting there so I started doing some other whatever yeah oh yeah it's an index fund so you sell it and it's available the next it's cool yeah what would you do if you got 10 million dollars we could ask you oh if I had 10 million dollars in the bank I realistically I probably wouldn't be editing videos I'd still I'm sorry all right but the the labor of editing videos I think could just be a scientist like I could get someone else to do it I would still I would love to still work with you because I couldn't picture myself doing anything else career-wise so of course I still before that's a good reason to drop out of college can't do anything else I don't know I'd probably buy a house and I would hate to ever rent so I probably buy a house and just chill go get some cool music equipment all right that's fair you got a jam yeah we do yeah this is a great question I love this question what would you do if you were not afraid of failure not afraid of failure so you could still fail it's just you're not afraid of failing yeah but the whole idea of the fact that you could still fail doesn't apply in this situation because you just wouldn't be afraid of it um gosh I would say with all the stimulus stuff it's uh all the stimulus stuff going around for the first time ever my entire life I started enjoying politics a little bit at least following it so I don't know maybe like I see people in the Senate and it seems it seems interesting to me to like run for a senator as something like this is like I don't think I'll ever do it but it least now seems a bit interesting whereas before that would never have crossed my mind either that or sing about like maybe starting a business but you know I just could do that now not afraid of that maybe something in politic I never thought I'd ever say something polit ever yeah but at least now I'm intro in it so that's the only thing where it's like oh it seems interesting I don't know it's cool you get to make a change yeah you could run for City Council alright let's go let's go up higher than that let's go well you have to start somewhere exam senator you know what I think would be interesting I don't think I'm ever gonna do it but running for president I I think would be like I don't know again I would never do it maybe it would never do but it's I start watching these documentaries unlike the White House it's like it's really interesting stuff yeah like really cool stuff the downside is that you you have to have a college degree like at least a bachelor's I don't god I don't have that so I would need to get a bachelor's degree is there no like bachelors equivalent that you can have maybe you should do it I mean look at you you're charismatic you already have like you've built up a I could probably get away I could probably get a million good primes in you could probably win I don't know it but then it's like you're you're in such a public I like that I don't think you could ever return to a normal life I just like having the ability that if you ever want to disappear for a little bit just lay low you could do that you can't really do that ever as a president's true but I have a feeling at some point there's gonna be a social-media influencer as a president I think so because you got to think it's like these people are reaching you know 100 200 million people every single month that's that's that's basically you gotta be in a while though because a lot of their audiences are just younger because we grew up yeah but you have to think too if someone's like 15 years old to 20 years old now watching someone on YouTube and that person 10 years from now they're still they're still making YouTube videos and they run for president and they trust this person and they've been watching them come up for 10 years that person got their vote as long as they have a good message and they're honest like that they'd have my like if Elon Musk were to run for president instant vote right there a lot of people would you vote for Elon yeah of course I would I would love him to run for president yeah I think the amount of stuff you would get done and on a whim he would wake up one morning and have a crazy thought and be like okay let's just make this a new law then yeah I think he would be the most productive I think he's too productive for that like I I do think the downside of that is it so much by bureaucracy you are and and and there's a lot of stuff that you just you don't have the wiggle room like you look like Elon Musk of so much money he could just choose to do whatever he wants but when you're involved in that you know it might be stifling yeah I would totally vote for you on that would be crazy I wonder if that's ever I like I don't I hope so but but yeah I do think I do you think president would be kind of cool I'm a dual citizen so believe or not I'm also right so I would be I don't know that has there been like I'd like a half Canadian resident probably ya know I think I'd be it could be the first half Canadian president who has dual citizens it's good that's a good angle yeah hit it with be interesting yeah in for president yeah pasul sort of laws would be like okay we have smash the like button day we have iced coffee Oh or force everyone to watch Nova hilarious the inauguration is just like what's up you guys it's Graham here so thank you guys so much for watching I really appreciate and good your to free starts down below oh my got this speech is sponsored by up we help guys think about that think of all the sponsors like you get you get some good sponsor yeah yeah oh my god I'd be given the speech they'll be like but really quick you could implement laws to force YouTube to push your like yeah your favorite hope you so much fun to be like alright guys but really quick this is sponsored by a trade coffee there's anything I love more the trade it gets delivered to your doorstep fresh from the roaster oh no need to stand in line guys but no seriously I think I think there will be a social-media influencer president at some point there has to be I wouldn't be surprised yeah you know if we got you know a movie we got a movie actor I Ronald Reagan we got Donald Trump you know did did some TV I think it's just it's going in that direction I think yeah like already happening unlike an existing fan base right exactly I think it's gonna take probably 30 years to really start to see that case but I but yeah I'd say just give it time would be fun to run though why don't you do it it's like the I gotta get a bachelors do you also have to be like 15 years older no I don't three five I thought it's 40 35 minimum age to run for president let me let me see I remember this because I took I actually paid attention to this in a history class and I remember thing like 35 like oh that's when I'm gonna run for president 35 years old and have been a resident United States for 14 years let's see you later with let's see ok current president requirements on hold on offense natural-born citizen the United States correct be at least 35 years old resident United States for 14 years most presidents of the United States received a college education however the US Constitution does not set forth any education requirements for presidents wait what are you serious yeah that's according to thought code I feel like if you really wanted to run Prezi you probably go to college for four years just like it wouldn't be that big of a setback I was gonna run for president but I'm gonna make a huge change but then I realized I needed a college degree Oh Harry Truman never had a college degree well that's the thing too it's not a good look to be like you know I was gonna run for president put her to go to college you should know it's too hard yeah what it goes to show you I think a college degree is not a requirement I think I think it's a if anything it shows that you're resourceful and you're not gonna waste your time yeah you're getting conventional norms socially just because it's a requirement you gotta question that you got a question the system and you're like why am I doing this what's the purpose of this and this is gonna be how is that going to benefit people and if it if not a benefit to people and just seems like a waste of time then you know I can do it and and that could be applied to so many other things with a lot of things it's so hard for me to like to not picture you giving a speech when you're doing that like you just don't fit the conventional norms and don't you fight this international noisy system for all the special like but needs an algorithm and oil prices have gone to highway I would be so good for the stock market man yeah I wanna see four I would I would incentivize investments but so much I would you honestly I I would make financial education or require I would treat honesty because in a way running the country is a it's a business i I think running it like a business but you gotta be fair to people too so there's a business is there some social issues we gotta fix and some financial ones but I would like at the core it's it's got to make sense financially and we could we got it we got to make sure that everything is run efficiently yeah that's what I really believe you got to be fair to people too yeah so this is great man you're just like a president you're so presidential Graham fine man you so giddy over me do it dude let me see your kindness straight-up rotten kid anyway I think you can at least run so I mean I got another probably like eight years to go so I could do what would that be so we got you know twenty twenty twenty twenty four twenty twenty eight yeah would be the year where I can you're gonna be up against like Kanye West just watch it be this one should be I'm up against Elon Musk like at that point I'll give it to Kanye did you at least like I know my compensation million votes because I mean think about your YouTube channel yeah but ten years in the future if I have ten five millions Mainers yeah yeah I mean gosh granny I don't know what it would be like like that's the thing like Justin well YouTube is one of those things where I felt like I could just try it out a little bit you like it you keep going being president is something you can't really just try it out for a week or so humbly alright guys I don't like it like I want to make sure I enjoy it which is I make youtube videos if you were president I'm so much dude you could have crazy contacts like you could you can set it the best office in the world like you can release like the laws on your YouTube channel before you sign off on the papers it's like buying new five stocks and buying November oh my god keep up with it think of the thumbnails I had put on the on the banners do something crazy man yeah that's the interesting yeah yeah do it man let me be your vice president just be how funny would it be if someone looks back 20 years till they find the podcaster like it started here like this right here they're joking about it yeah you know they're gonna take everything out of context of course twist it they're gonna villainize it but you get recognized all the time if you're president which would be tough you got recognized today yeah that would happen all the time yeah I wouldn't mind it I wouldn't its intra it's food for thought guys if you would vote for me let us know I hit the like button mm-hmm and every like button equals one night and that's the thing too like I wouldn't I I wouldn't like I I don't believe in either side yeah you too like I really don't take sides I'm just like what makes sense for each situation exactly dude if this makes sense over here let's do that does that make sense over there let's do that once you subscribe to a side then you have to you feel like you have to uphold that sides agenda whatever it is when you should be thinking independently and for yourself and assessing each it like situation as an individual case you know I agree take some presupposed like agenda no that's what yeah I just everything take everything in an edit its face value this is the situation how do we best navigate that with the resources we have available the resources that we have available yeah it's down so with that said you guys ever ever see to that oh thank you so much for watching as always make sure to vote that's should I do do kind stuff treat everyone with respect you cancel Starbucks no more Starbucks I did such a heavy tax yeah all right yeah that's fine we'll see what big expenses are on your five star horizon I don't know what that means and how do you how do you plan to save for them this five-year horizon what did I say five star horizons like I don't know what that expenses five-year horizon well the big the big expense was B if I end up getting an office space so to bring everyone up to speed I've had this idea in my mind about getting a house and then renovating the whole house to be my office so I was kind of thinking like a cool like warehouse vibe with like garage doors on the side and basically what I had in my garage but I want like a larger space like that I think it would be really cool so that would be wanted that's really the only big expense mm-hmm everything else is vol au equerry 'm would you save for either of them or would you just be like yeah it's time it's fun the aquarium is something I told myself August first I'm gonna make that decision Wow so yeah so the aquarium is really the only big thing maybe in office everything else is voluntary yeah what about you big expenses on the horizon I'm looking maybe getting an acoustic guitar okay that's it oh yeah oh I love this question okay what do you currently own that you would not pay market value for a lot of this furniture yeah yeah why cuz did you get good deals on it no wait what do I currently own that I would not pay market value for I think a more interesting question what did you pay market value for furniture now you would not wanna trip I love this furniture in here but I I overpay it on the furniture a lot of it's like was custom done and it's really like it's nice dude really high-quality stuff but just get so much the table was this thing right here don't understand what I tell you much more mm more it's real wood this is real wood and sands movements and it's hand done this is handmade it's not some sort of like factory handmade table real wood and and it's to match this to 2500 more you're saying it with such conviction oh this table dad this day let's say I wasn't what six thousand lesson about $5,500 for the for a dining table now my mentality of it was that this is like the best quality wood that's handmade and this is something that will last decades like this is not meant to be a table you buy like you know you get and then you toss it out after a while like you keep this table for a very long time this is like multi-decade so I figured like you get four nice furniture once and then you never need to replace the furniture ever again but it's the same table honestly like at its core it's like I would be just fine with it that's not kidding I never said anything but I the first time I saw and touched this table very nice like oh yeah I could tell it was a nice table but I didn't know it was real and everything real and hand done this whole I mean it looks beautiful yeah and now maybe you could even use it as a write-off yeah I mean this is something where someone actually came into the measurements and then measured it precisely to this day they bound themselves down to the inch handmade this was all hand done this is like a really good fabric that's that's meant to withstand like like stains and everything like that so it's all it's really nice but it's not something where I would I personally would feel better having spent like $1,500 for like a nice table and get ninety percent the same thing then spent so much more for that extra 10 percent yeah this is a 10 at a 10 table though yeah it's a beautiful table yeah thanks I personally I don't think I have anything really like a lot of my clothes I guess it would be closed because I have clothes that are of decent quality but honestly a lot of it was just hand-me-downs because I have an older brother and like older family friends and they would just give it to my brother and then to me growing up so it's like nice it's $20 shirts right but if I were buying my own clothing I would buy like $3 shirts I would go to thrift stores hmm makes sense I should really here enough fair like makes sense yeah do you think you're gonna stick with your current habits for the rest of your life probably really you don't think that there's ever gonna be a time realistically that you're gonna start splurging a little bit no this age I mean I've got my entire life without doing that so even if you started making 10 million dollars a year you wouldn't really be spending much more than reason when when do you enjoy your money though all the time going out last night yeah sure I treat I treated Jack and Macey for dinner it was really good ago yeah thank you very much come on I'll come got ramen you're welcome we common got ramen and good sushi wet yeah stuff like that you know that's fine that that's that that's me enjoying my money me too yeah yeah you're enjoying yeah I saw a comment on one of your videos and said they asked what your opinions on a prenup one huh and I assumed what they were but I want to hear what they are from yeah I think it makes sense I think you're basically in a marriage bringing a business contract into it and you wouldn't start a business without having a contract first especially with it with with two people who are involved emotionally and I think combining business with emotion is not generally a good idea and it's like having insurance is the way I kind of think about it you have car insurance never expecting to be in an accident but if something happens we have insurance and I think a prenuptial agreement will the very least set the expectations when things are good that if something is to happen and nobody wants anything to happen but if something does what are the expectations going forward from that and I think it just protects everybody and it just clears up any any confusion because otherwise what happens is you leave it up to the state to decide I think it's a lot more powerful to leave that decision to two people to come together and have an agreement than it is to leave it to chance and leave it to the state I think you can never be too careful right so I think it's always smart to err on the side of caution and I totally yeah I think it should be I mean I personally I'm gonna do it and I think that it's a wise decision for everyone to make is to write a prenup yeah I think so too and again you never go in and some people say well are you going with you expectation you know you just you don't even one thing but it's like you you never go into the expectation ever I'm sure most people that get married never go in with the expectation that like something could happen you never want that to happen and I'm certainly one of those people like like you know whatever I get married I want that to be forever I mean I really don't I wouldn't I would hate to have to go through something like that so it's just a precaution but you never intend to use it um so there's a lot a lot of analogies you could use like that but it's yeah I think that you know when you mix something that's like business which is a very rational thing it's very like it's a one total like way of thinking right like logical and rational and you make something that's that's like relationship which is purely emotional integrity emotional is the exact opposite of rational yeah you know so mixing those two can be a very dangerous situation so I just English I really don't see any downside we'll put it that way I don't think there's any negative yeah yeah um I guess we could I mean if I have two gmail questions we can go over go for it yeah I know you own several rental properties and I'm pretty sure they're all in California would you ever consider any rental properties out of state and if so what are some that you're looking at yeah I definitely would I just don't know the properties is well out of state the only the only area I was looking in was Phoenix it just it seems like a really good area I like Arizona in general it's kind of close to California good property values good rental values it seems like a good mix of everything so would consider it at the right time maybe not right now maybe right now but Phoenix at Nashville also looks pretty cool but I've never been to Nashville just from what I've seen online you think the future of college education will be like a lot of universities have moved online and I've been seeing a lot of people asking for tuition cuts or deciding that if classes I think it's this is a good catalyst for people not to go to college first of all two things one for the cost of college to go down if they could teach class online why don't they just have a pre-recorded class that anyone can take at any time someone could log in at any age and basically be like okay 12:00 p.m. I'm gonna watch this lecture that was given last year and people do the same thing as Tai Lopez was doing a few years ago just record something once give it to a whole bunch of people who need it charge a flat fee and then give a quiz at the very end that like there's an actual person going and grading it then have that person available maybe for discussion over zoom or something like that and then had that person available for like email or chat exchanges or whatever I don't know if it's gonna be the same it's not gonna be the same experience I think is going in person I think there's something to be said about meeting in person it cannot be replaced at all with zoom calls I think it would be a really smart thing to have it online because then everybody will be able to go their own pace and I feel like it's it's very similar to the whole analogy of like the the sleigh is only gonna go as fast as the slowest huskier when I are dragging the sleigh it's because if you're in class the speed of the class is gonna go at the speed of the slowest person you know I mean like the people that are learning this stuff extremely quickly there they're gonna be slowed down by the people around so if you could go you're on speed and everything can be online that'd be great but I've been noticing on the the UCSB or the my colleges reddit page I noticed that a lot of people are saying like they're considering dropping out of school because yeah of the whole kind I get it again it you thinking about dropping out of school no no I'm not thinking about it I'm just saying a lot of people are saying that I know here's here's where it gets interesting let's say the Ivy League schools like Harvard and Yale start having posting your classes up online like that who's to say it's someone else can't just go and take their classes online let's say they're pre-recorded you know to reach a hundred people they could easily reach a hundred thousand people they 50,000 people then we're like tuition right but but then where would the benefit be who's to say let's say I have a course and I say only people who pass a test can take my course who's to say who could dig a course new can't colleges don't want you to think like this it psychologist didn't want you to know about this yeah it's really it's so stupid I think I think people are finally catching on to colleges I think a waste of time it's overpriced so one I think this is going to help bring the cost of college down colleges don't need the cost they don't yeah even though it's online my fall quarter is the exact same price as [ __ ] eBay scores I've done and I'm still paying fees for stuff like recreational fees for like a rec center that's not even oh yeah I mean I would say the only benefit to college is to meet like-minded people who by the way you might not meet like-minded people might be just going and partying at some some frat house I mean it might be that but I think the only benefit is as social experiments it's so so a social experience I think so many YouTube videos social experiments that's social experience I think is the only benefit to going to college and it's a and it can be a good Segway in between living with your parents and trying to be an adult I mean that that's the only benefit but you're paying an extraordinary amount of money for that experience that you could get on you're like imagine paying $40,000 a year for a school or 30,000 for that you could have your own little apartment with two or three people and just be an adult and make money being adults being adults just grow up just drop out and be you know don't act stupid you're that stupid being adults grow up get a job you're done you're real person seriously just be an actual living person yeah human being yeah don't go to school stuff acting stupid yeah guys duh be smart and don't go to college yeah be smart and drugs just it's ridiculous I think the cost of college will need to go down if they offer it online then there goes their whole business model their business model was not adapted to go online where anybody could log in at any time and take a class I don't know if colleges are gonna change but I think people are realizing how ridiculous it is at least in this time right now all the courses being online pre-recorded lectures you know people are realizing it's essentially the same exact thing yeah and it's costing the same amount as in class and we can do it at home ya know we an hour in speed yeah I've said it before I took a while ago that Tai Lopez online thing and I went through it and I really believed that like that was better information than most people would learn in school and I think it was I forget how much it was I think it was like a monthly thing or something like that but it was it was it was good for the costs a lot of people give him crap for that but I don ously think for the cost if someone's gonna spend $500 they're gonna get a better education from that in college all things considered I don't honestly I don't necessarily disagree with that no one does all right Harvard does all right so with that said you guys thank you so much for watching thank you road for this awesome equipment I said it sounds amazing Graham yeah make sure to get your two free stocks down below in the description weeble is gonna be giving you two pre stocks when you deposit $100 if one of the stocks valued all the way to $1400 so if you want e to free stocks use that link down below the mentorship group is also down below like I said $30 off for the first ten people so I'll put that link down below in the description what else is there it's like button smash it destroy it a strong like button vote for Graham we're done oh thanks guys really appreciate it and done until next next time see ya nice there we go I'll put this here and whoa ha voila