REVEALING Our BEST Investing Strategies For 2020 | Ep. 5 Ft. Financial Education

so welcome back to the iced coffee hour with Graham Jack and we got financial education Jeremy now for those that don't know you you got a YouTube channel it's called financial education and then you have financial education to this we're gonna be going into some of your background but also in this episode we're gonna be talking about the stock market how you got started how you built your wealth pretty significantly I would say over the last few years doing YouTube full-time what you think is a good investment right now we're gonna be talking about the the roni rona situation who's smoking right no Joker's wrong some of the worst investments you've made some of the best investments you've made whether or not it's worth it to go to college what else am I forgetting gambling oh yeah gambling how graham always wins and not always lose no it's amazing it's gonna be an exciting episode is there anything else I missed that we're gonna be talking about today there's a lot more than that but I think that's some of it oh yeah so you guys we're gonna talk about her oh yeah we're gonna talk about her so it's gonna be a really interesting episode but first let's start with this welcome back to the iced coffee our folks a Holy Smoke is this ain't no joke as I am on the podcast with mr. Jack over here a mr. Graham Stefan thank you for having me and I made sure I had a troll a little bit I have to throw a little bit let me just say first off I'm not a fan of Starbucks anymore they wrote Jerry instead of Jeremy come six dollars for this you can't spell my name some scholars I'm letting you in love almost something like that thanks 575 yeah it's that's insane it's it's a vanilla latte for anyone it's not aware 20 cents this is stronger than that they only give you that much coffee the rest is ice and then the rest of it is cream yeah and imagine if I invested that six dollars and got just a 10% of Terry missiles so anyway for those who are not aware you run one of the largest stock trading channels on YouTube yeah I would propose a stock investing but stock market investing yeah so financial education my main channel and I had the second channel financial education too and yeah we just talk about stock market investing all the time and honestly you know I love it that's what I love to talk about yeah but you didn't start off with that we started off with real estate photography was it yeah so I started out with a real estate photography this internal zone like my entrepreneurial journey yeah and then for you I was 25 okay yeah 25 and I was just like I was bored I didn't have that many clients you know you like start a business you know I'm that many customers and then I was like I gotta do something so I had this little GoPro camera and I was like I'm gonna put this on the tripod and start recording some videos it was like super wide angle and that got me on the YouTube journey and I remember that I remember it's fun by the way you're gonna hate this you go to your channel and you know sort videos by oldest it's like a hundred videos with mmm like just one minute video like one minute videos what it's a checking account what are the savings account and that's how you got started on YouTube yep and I've always decided to keep those videos up to like people can see the journey I'm like you know where I started cuz I remember looking when I started youtube I remember like looking at like past videos of big youtubers and being like wow they were like you know they were at this place and I always hate it when like some of the big youtubers would delete their old videos cuz it's like it's like motivation it's like wow they were they were nobody and they grew following and it's like it's amazing yeah they're not fun so so you were doing real estate photography and then YouTube for fun YouTube yep okay you weren't making any money youtube back then no the first year pretty much I did I mean I made hundreds of videos yeah that first year didn't make hardly anything I think that I think the first time I got a youtube check was at least probably 10 months into the my journey and that was probably 200 videos and at that point so yeah it was it was like in my wasting time here like what's going on and then finally I started click and I remember that first like YouTube check which was like like literally like a hundred bucks or something it was like it was like all money in the world cuz it was like whoa I actually made money from YouTube what you didn't want to do it for money you wanted to do it just for fun well I always knew you could make money so I was like if we get to that place like that's gonna be awesome but you know if we don't we don't I'm like it the worst case scenario is I put out a ton of videos a ton of content and it helps out hopefully people and just understanding like basic financial stuff and I was a little afraid to go stock market even though that was always like my main passion I was always kind of a little afraid to go there cuz I didn't know like what the laws were like were you allowed because when I started there weren't like any big stopper to channels right so it was like can I legally talk about my opinion on Apple stock like is that like allowed am I gonna get in trouble for that like I really like had these thoughts and so I was really afraid to go there and I didn't start going there until the end of that first year and that's when my channel started take off once I started getting into stock market investing stocks I was buying everything really started changed for me and I was like this is perfect like this is exactly what I want to do but you were still doing real estate photography like her I'm making the bulk of your money real estate photography oh yeah real estate marketing like videos for homes I was doing like drone videos before like drone videos were a thing there were some high-end properties I mean this 2015/2016 like most most realtors were not using drones to market at that time other than maybe like LA and stuff but out in Vegas it wasn't like a big thing yet so I kind of like hopped on that wave before like other people knew it was a thing and that's how I like drove that initial business people like well you fly around a drone it was GG I just came out with like the DJI phantom 3 and yeah and now that's what actually helped that business out and that's what paid the bills and that's what got me through to keep doing YouTube essentially because I think if I honestly would have started working a normal job again I probably would quit yeah but you were taking all that money Midwest putting in the stock market at that time yeah well paying bills one you know I had one of my children at that time I just got married so I was at that time with the real estate I was mostly using that money to pay bills fund the YouTube business and then yeah try to invest a little bit here and there so mm-hmm and then when did you start getting really heavy into the stock market because this is what bring anyone may be talking stocks so 2008-2009 when I started researching stocks started investing and I started investing heavily once I started working at QT which was we have to go back to like 2010 for that 2010-2011 and yeah that's when I started really investing a lot as far as YouTube you know I started really talking more about stocks in about 2017 that's when I started feeling comfortable to put myself out there and that's a whole that's a whole other thing there when you start talking about stocks because stocks move up and down every day mm-hmm so you have to really have thick skin because if also you talk about I'm gonna buy you know Tesla stock today in Tesla stock the next day goes down 3% everybody's like oh you're so stupid you should have waited to buy Tesla stock yeah it's it's a tough I get so nervous anytime they're off the video in the software jack knows and tell them like if monday is green if it's not green my whole video of ruined really or i don't get them out the same day because i know if people watching the next day it's no different happens so yeah there's the video i've made i planned out full videos like that you I've got like ready to post but something changes like I can't post anymore yeah yeah like all this uh you know talk about stock market collapse the next day the Dow goes up a thousand points it's like oh so you built your channel though on I'm just very basic videos remember seeing them back then because you and I it was you started right before me yeah and we were neck-and-neck I'm watching you subscriber can you hit fifty thousand before I think almost anybody else did you were one of the first job was to hit fifty thousand subscribers yeah no that was a - Jan yeah finance channels know and I know you you know we spoke about this many times you said like I was an inspiration back there for you oh yeah and now I look at you as an inspiration because you've shown the whole space like what's really capable of and I'm like you know I I don't think I would be at the level on that without you because you've opened up my mind to what's possible on you to like be explosions and thumbnails [Music] [Laughter] like a monotone yeah nobody in all seriousness who've been you've been a huge like inspiration for me and I think you know for anybody in the space just realizing what's possible like it's not just like a super niche thing you know you look at the type of view counts you pull in these are this is like big for any YouTube to not just like oh it's big for a finance space it is it's an exciting time man for the whole space it really is it's so exciting it is so so you're doing now coming out from all of that you're just doing YouTube full time yummy you made the switch when did you make the switch to decide listen is my yeah that was the beginning of 18 I think 2018 if I recall I was starting to think toward them 2017 I was like I was doing the real estate marketing business and that at that time was pretty much bringing in just as much money as YouTube but the YouTube numbers were increasing so dramatically that I was starting to realize like the time I was putting into attracting new real estate marketing clients keeping those ones that it just it was a really poor ROI compared to what you know where I was going with YouTube like it was clear people wanted like for instance I remember being on this happens several times like on real estate marketing jobs like doing videos or photos or talking with you know Realtors or whatever and something super important happening in the market and being out on a job taking pictures or doing a video or whatever conversating and just being like I need to be home like recording this video right now yeah and and I was just like this is crazy like I am literally like not making a wise financial decision by staying with this and so I dropped the business you know I talked a lot of people about it and my mom she's like no don't let it go no I just dropped it I was just kind of like whatever I'll just let it go I sent out a mass email all my customers and I was like you know I mean I can subscribe you know I know yeah I think I was still good yeah it's funny I think I was still a little embarrassed about YouTube so I don't think I told them what I was doing I you know cuz it's like it was like that thing like because you know people are gonna be like are you crazy we're gonna drop a legitimate business over here to do YouTube mm-hmm you know and I think a lot of people still don't understand like you know this might be made on YouTube and social media and all these things it's not just like followers don't mean anything you know so yeah it's you I didn't I was embarrassed when I started doing it I really I have not like on my personal facebook I would say is where I have like all my friends from like high school or a school that I never once talked about why never once never told them like either yeah so embarrassed I was like what if someone clicks on my video and there's like 10 dislikes on a trip yeah yeah so Barrett so never I totally sympathize the same thing here I didn't even tell my family most the time and I remember back then I'd be embarrassed to like record so I would wait for like my wife to go to bed to like even record videos or like if she was out or something like that you know in like close the door and like record a YouTube video cuz it's like it's a weird thing so yeah I remember that the whole stage and now I'm like people like you know because you know I have workers and different people that you know come to the office and they think like they got to get out of the room I'm like dude it doesn't matter like I can't I can't do that I polar than they tell I tell my girlfriend like you got to put on you gotta close the door ya got to put on those noise canceling headphones and I'm gonna film walking around here mess up what a talker and I supposed to repeat the same thing over and over yeah it's just embarrassed so now you're just basically you're making YouTube videos in trading stocks that's full time right now yes like for you to make money in the stock market right now ah very easy yeah unfortunately I mean you know this days you know recently where I'm like you know it's like 50k 80k 100k like it's been really easy to make money lately I don't think this is gonna last forever and I don't mean to jump ahead you know cuz I know we're still talking about YouTube jury and stuff like that but right now you know the markets just been hot man it's like the last two and a half months it's been crazy it's just been up alright you know straight line down since December overall because I know January so so your way positive way positive yeah yeah way positive I mean it's like you know you tribute that tail uh-1 well a lot of different stocks have helped me out but Tesla's a main one okay I think I'm up over 300% s all right now in the end of public count so that one alone is like how many tests assist you in that account 150 I think in total I don't know the exact numbers probably around 300 so gotcha now you have the public account that's the one that I see you post all the time on is yeah the public account just remember one hit like threesome yeah how much is in the bus I think over 600 yeah 600,000 do you contribute regularly to that account or is that purely just you're growing it with stuff I'd contribute to it when the markets down big or there's a you know a specific opportunity in the market that's huge where I'm like I got a funnel money in unfortunately since the markets been going up I've hardly funneled any money in so the gains late they had just been coming from every stock pretty much I own in that account going up I mean heck even Carnival Cruise Lines been going up lately I mean that one bottomed out at like 8:00 and I think it's over 20 now yeah you know so it's been incredible yeah the gating the gains have been insane the last few months you have the public key and in what's the private account how do we so I it's what's in that yeah so I private accounts they pretty much mirror the same stocks like if I oh if I buy a stock in the public account I'd probably buy it in my private accounts as well now how impressive though is a private guy because I don't even know it's got to be over a million you know I would have I would tell you but I would have to own your YouTube channel after that me over a million five if you give me the Graham Steffen show I'll show you what's in it don't you don't you show it's in the private again to the people knowing the members you know you donate but they can see every position in the public count every single move I make any time I buy sell share and they know about any move I make before I even make it so I'm like hey guys I'm gonna probably buy this stock tomorrow or oh no so it's done really funny what's on you do this would be sneaky ever you do in the public account you buy everything yeah in the private account you're short Wow there's only get to say wow that would be a very unprofitable endeavor considering like the majority my stocks are up but yeah it's really just just that's that's your investment portfolio at this day you know I have multiple private accounts too I have my main private account why it's so private accounts well I was to see like because of you guys for the stock market group the public account so they know this is public to you you could see every single move I make in that account by cell everything's documented kospi says you get to see a little screenshots of the account where's private account it's just more for like privacy like I'm kind of weird about privacy like I like I like you know you don't like people knowing like your net worth like I don't I don't share really anything about my family like you you know you don't see my kids and my videos or even on Instagram for the most part and that's where you likely see stuff I don't share my wife I I believe like although I'm out there I still like have some boundaries with privacy and you know I I understand like a lot of people in social media they don't care they're like just post everything for me I'm just like this boundaries I said I'm like I'm not willing to go that far why why why is that account off-limits where is the other one the other one how I started that was basically so everybody in the private group could see me build an account yeah like how I how I build a portfolio and how I make moves how I actually like buy-and-hold like I'm not just like trading in and out of these stocks every day and so it's like it was a new account when I started like how much was in it like a couple thousand bucks 600 thousand six hundred thousand you could buy yeah how much I put in since six hundred thousand I don't know because we're up like 200k right now in paper profits but also we took profits in 18 we took profits in 19 I think in main cook 30 I want to say like 30k in profits I came home to a specific number so it's hard to you know I would say at least half the money in there was deposited though sorry about a hundred percent in three years I would say so yeah I mean fidelity calculates us at I can pull it up right now the reason you hide it is just to hide your network from people you don't want people knowing I think it's more fun that way honestly I think it's more fun I do my guess is there's got to be close to one and a half 30 million that's your guess yeah I'm gonna guess you know what so any s two million dollars so the public counts at 584 right now and it looks like on Friday we made five thousand four hundred eleven dollars one year ready to return seventy four point five eight percent so we've done pretty good but the huge dip Taurus up they look at that yeah down remove and then look at how it's just gone you know crazy sins oh but yeah that's like a lot by Tesla because well increase that much yeah yeah I mean Tesla's up you know over 300% in that account it's let me look at Tesla yeah three hundred three hundred eleven percent we're up one hundred six thousand while we're talking about Tesla is it too late to invest in Tesla oh that's a tough one you know I gotta say if you're a long-term investor I don't think it's too late because I you know I personally believe is gonna be a two three thousand dollar stock in the future if I know over the next five years or so but at the same time if you're if you're trying to do a short-term move around it I just don't think it's a great stock to do it around it's too volatile it's almost like it's one of those stocks that very few come along kind of like an Amazon an apple of Google where you just buy it and you just hold it man you just throw it in the filing cabinet you try not to look at the stock price it's good you know if it's at five hundred a year from now or two thousand you try not to make judgments off that it's one of those you just buy and you forget about it I think a lot of people think the same thing that like Tesla is gonna be the next you know Amazon or whatever and they're all piling into it now with that expectation don't you think that's maybe influence the price because yeah part of me looks at the cloud coming in like it was maybe like four or five hundred bucks yeah but but you but it might never get there because people just have so much faith in the company that it's never going to hit what it's I think I'm at valued at most you know with these special opportunities they really just trade you know way ahead of themselves like years in advance Amazon's done that since the beginning of time you know since when that wouldn't went public in the 90s it's always traded way ahead of the market because a lot of investors just look at and they're like it's just the future and obviously it's the now as well when it comes to Amazon and that's why that one's out of 1.3 trillion dollar market cap right now Amazon because well if you're trying to base Amazon off of what they're doing today there's no way one point three trillion dollar valuation makes sense for Amazon today but when you base it off of what they're doing in five years it might be a steal so in that and that goes for a lot of these great companies you know there was there's been a lot of times where Apple been weighed overvalued and there's been times where it's been undervalued so you know sometimes these long-term investments you have to throw it in the filing cabinet it's been the hard part with me with stocks over real estate because real estate I feel like there's a very definitive range of value and it's very easy to buy it purposely undervalue where it stops it's like this is what it's trading at and you have no clue if it's ever gonna go down yeah this continually get excited about it yeah yeah no I totally understand that I mean I feel like some of these stocks like a Tesla you have to view it in the in the sense of of buying a real estate property whereas if you buy a real estate property across the street from you today you're not thinking about all I gotta sell out if it goes up you know one percent tomorrow or something like that you're you're focused on what does that property gonna generate me over you know year and year out for the next number of years and so I feel like some of these a lot of stocks in general I should put it that way you just got to kind of view the same way like what is this business gonna likely do over the next 5-10 years what am I gonna likely see what's the downside risk what's kind of worst-case scenario with this and I think you got to view it very similar to real estate rather than view it as these arbitrary numbers that are jumping around each day mm-hmm so is that why you call it investing rather than trading 100 percent you yeah you come out of that yeah because trading it's really a mentality up gotta get in gotta get out and got it all right I'm this get boom boom boom boom and you're making moves all over the place whereas investing it's more like I've looked into this asset I fully understand a very high level and I understand the valuation and I likely understand where it's going over the next five ten years because I've researched is so in-depth that I understand on a level that the CEO would understand it or somebody high up in the company and I make it a wise investment decision and so you invest in it like a real estate investment property but it's with the stock of a company how do you learn how to do that a lot of you know where you go do research in Jeremy's a private stock market group ok no no but in all seriousness you know how I learned initially was watching warren buffett youtube interviews on Popeye yeah on YouTube I would go to the computer lab at the community college and you know this is this is back an old school YouTube days at this point this is like we're talking 2008-2009 even to 2010 and I was just like Warren Buffett interview and just watch interview after interview and throughout watching those interviews and you know a lot of it could be wasted times they talk about what's going on market right now but in a lot of those interviews he would go into his investment process and you know if there's an hour-long interview you're going to get 10 minutes probably in there that's really really valuable in that 10 minutes was worth watching a full hour and so that's how I learned a lot I you know read a few books but the books didn't really help me it was those Warren Buffett interviews and then getting in the market I think the biggest Warren Buffett's investment strategies are still affected I always go back to ask that yeah so I think they're not as if I think his principles are oh yeah you know specifically what he's looking looking for in stocks in a company yes but the unfortunate thing for Warren Buffett is I think he kind of aged out of the market whereas he doesn't invest in tech stocks he you know chooses not to do that and he's in it it's like so many companies or tech now I mean even you know yeah it goes against what you were saying is if they're trading years ahead of where they actually are and if Warren Buffett's all about value investing today yeah tech stocks don't fit that because they're valued higher sometimes sometimes you can get tech tech stocks for a very good value dome an example is you know company about a few years ago named cirrus logic another company I bought with Sky work solutions to that have done me amazing tech stocks their semiconductors they make most of the like chips that go into your iPhone or a Samsung or whatever smartphones and those are tech stocks but they were trading that really attractive values they were trading at four p's of when I bought them I think like 12 to 15 range which is incredibly low for the stock market so it's not impossible to find good values in tech sometimes like a Tesla at Amazon a Shopify is a whole other level that one trades it like a 5000 Ford P or some insane number you know those ones I can I could really fully understand Warren Buffett saying maybe not those ones but there's a whole other gamut so I you know like anything in life I think you just kind of age you out one day will age out at YouTube I'm sure and you know it's just it's like at that in every industry you just kind of you age out you don't understand the new concepts and new ways of selling I mean you you came from real estate industry I'm sure there's older Realtors that back in their day they were moving properties like crazy and then new things changed social media claims in all Senate was like whoa this person they don't just they don't get how to sell properties in 2020 they were trying to still sell in the 2000 wave so yeah what would you say are the the best principles you learned if you're willing to disclose the best principles I learned looking at the fundamental business and focusing on that first don't worry about stock price don't worry about valuation don't even worry about the financials at first really look into the company what is this company doing view it on a very specific wave where you're trying to you know what does this microphone company do how do they make money who are their competitors that's the way you want to do it that's that's the most important thing and making sure you understand you have a circle of confidence around that from there then you can go into valuations then you can go into the financials the income statements balance sheets cash flows all those sorts of things you can go into conference calls but you've got to understand the business first where a lot of people get into trouble is they'll buy a stock because they heard about this stock and I call I gotta buy this and it's like they may not even understand the business on a fundamental level it's so key it is so key it's the most important thing so so on the topic in its stocks what do you think it hurts hurts that's a ridiculous situation so hurts you have a company that's filing bankruptcy you have the stock should be going a zero like when a company announces their they're gonna go bankrupt like there should be going to zero the shareholders usually get nothing if there's anything the you know whoever gave them debt gets the money first then if there's any money after that's bonds and so the shareholders should have got nothing in this way deal yeah lawyers yeah everybody makes money except really a shareholders and then the stock cop bought ups so crazy why why did people buy the stock I don't know I was shorting it it wasn't like a short push yeah so there was a there was a lot of people that were shorting and understanding it's likely going to zero and then on top of that you had this whole wave of people start bidding it up and because if it got to be a hot stock more and more people start buying it which caused more and more short-covering which if you're going to cover your shares you've got to buy the underlying shares back so if you have a hundred shares short and you get let's say you know called on it where your brokerage says hey you gotta you gotta buy that you got to cover your short position then you've got to buy a hundred shares so that makes another buyer in the market anyway that's happening a mass you get to stock to go up in the amazing thing about this story is it's one of only things I've ever seen the stock market like this they're actually gonna get to raise money because the stocks gone up so much it outside until they potentially not go bankrupt I've never seen like this billion dollars yeah I've honestly never seen you know you couldn't make this stuff up like it's incredible when a company like literally ninety-nine out of a hundred times company says they're going bankrupt the starts going to zero there's no way of saving it well I remember JCPenney and I was actually but this is after they filed for bankruptcy and I thought you know what it's just like how I would worse gonna get from here I really have that mind so I didn't do it but I was saying like how do you know just brand in there yeah it can't get any worse maybe you get lucky yeah maybe that's that's what would an insurer enough it like tripled in price right afterwards I'm like I should have done it if I bought into u3 selling oh it's gosh I didn't do it but I think that's the mentality wouldn't Hertz file bankruptcy I figured I was like it's down so much and it used to be this big stock and now it's down here it's like a little bit yeah no I know there certainly is a group of traders out there that like to try to play these type of claims and get in and out and there's nothing wrong with it but from my perspective of looking at it from an investment perspective it's just not an activity I can get into because this doesn't make any sense like if you're buying into a failing business model business models gonna fail you know what I mean like it's just it's just when does it fail as a fail this year does it feel next year does a Fiat fail in three years from now you just know it's gonna go bad it's no different than imagine you know there were people in the you know the city I live in Vegas right there are people in the housing boom rate that were buying properties and selling them the next day and making like ten thousand twenty thousand dollars because it was sad and saying they would be lines to buy the condo in Vegas like I've had you know Realtors tell me this before and like lines to buy condo people just buy it with no money down flip it the next day for like 10 20 profit or so craziness right and it's the same thing in stock market it happens all the time you have this group of people that are going to try to speculate and sometimes they can get lucky and make some very short-term money but at the end of the day it's not a long-term investment model this is not I mean look you can look at anybody you really respect an investing category who's ever achieved a huge level six success none of them got there from trying to get in and out of Hertz and you see tiny stock it doesn't work over the long term it's more of a gamblers mentalities Hertz go bankrupt what was so bad about her versus like enterprise I haven't looked at the company on that high of a level I'm guessing it's probably balance she related they probably had a bad balance sheet roni Rona comes out of nowhere knocks them for a loop and all some they're stuck in a situation where like no money's coming in oh we got all this debt payments I'm assuming that's what's happening there they probably have a bunch of debt payments no money coming in what are you gonna do you're gonna probably go bankrupt so and they already have fundamentals issues there because they have so many competitors on the come-up right now that are apps where you can rent cars Sarah Turo you know that's that's just one example right and then you have on top of that uber and lyft and people are like I don't even need a rent-a-car if I'm gonna go visit LA I'm just gonna goober around lifter man why do I want to rent a car like it would be just simpler if I do this scooters you know exist the whole game has changed for Hertz over the past ten years really and it's gone for the wars speaking of uber I saw California now classify some uber drivers as employees yeah that is gonna be interesting a yeah that's gonna be interesting to see how that plays out what I think's gonna happen applauding up to make more full-time drivers where they do have benefits and everything but they have to drive specific albers and for you know some of you were drivers that's gonna be great they want to you know set schedule but for a lot of them actually probably the majority of them they like to control it you know so I'm not I'm not sure it you know for some people it's gonna be better for some people's gonna be war I think for 90% of people is gonna be worse yeah I agree I think is meant to be a job you can be like hey eight o'clock yeah plans got canceled you're on and let me work two hours and then stop right yep make a little model let me let me go all night yep what I think is gonna happen because one of the things that I've read is it the reason they classified the these drivers as employees is because uber is the one that sets the price and so these people don't even though they're independent contractors they can't set their own rates and is it what I would like to see that I think we would greatly benefit over is that you know I think within reason the driver can set their own rates that would reintroduce your interest and get you know a place the only thing is like when you go on Oberon you're like within a seconds like oh how much that fright gonna have to wait for people to bid uh-huh do you think prices would go up or down for the for the for the riders I think we'll find a middle ground I don't know I think the same initially they'll get bit bit down but during certain peak hours but you know the price would get bit up the other thing now I'm just thinking now is that if that happens you'll get some uber doors like purposely waiting to put in their big they could wait a little bit longer bid it up so that could be a consideration or if they're in a town with like you know almost no didn't yeah one person is there then you know like that person you were the one that was negotiating yeah but it would be interesting you had the drivers big their own rates because that they do with a lot of shipping um like frite or dothis they'll bid it around don't you have the option to go and pick the lowest bidder oh yeah I think trucking industry you know to a certain extent yeah I I don't see that working because it's too it's too at a micro level I think consumers will start to hate uber then you get into what what happens if lyft drivers are undercutting the uber driver you know more price fix you guys is the same thing gonna happen to lift Vincent to happen to who were more likely why yeah if it hasn't having a lift I think the industry's just got so big now I think the government's just looking out and they're like we don't want you guys independent contractors I think that why what's the bit why why would they do that tax reasons mainly you know if you're an employee the employer has to take out taxes it's more professional on that level versus independent contractors they have to pay their own taxes and I think the government's probably not getting nearly as much money so they're thinking all these independent contractors are cheating the tax system are not making their fair share yeah I don't know about all of them but they probably feel like it's a big enough number and they probably don't like the example were setting in terms of having so many independent contractors versus employees because the fact is it is much more expensive for from a company standpoint to have employees versus having a bunch in yeah you have to double the Association yes exactly and and so I think I think government at the end the day they want to make an example of these these industries before they get too enormous I say let's make an example of them now and let's get this done you know I think that's at the end of the day that's the biggest thing mm-hmm okay well that's a shame yeah so wait oh so would you invest in Hoover well I love Eber I sold out a stock recently for a nice profit the main issue for uber is gonna be how fast is rideshare comeback you know we don't really know how that's gonna shake you out with this whole you know roni roni situation you know shut down worldwide economies you know uber eats is doing amazing right now like that business is doing amazing anything food delivery wise like it this is a perfect scenario for that right your business it couldn't get worse because travels just shut down you know I think I think I heard something like San Francisco might shut down for three weeks or something like that no I've heard something about that not a hundred percent to confirm but yeah I think my wife mentioned something about San Francisco might close down for three weeks and you know I have no clue that's true or not once again well we'll see I'm sure Graham's fact-checking it right now but uh you know when you just look at that and just the lack of mobility right now it's it's definitely a big risk for Oberer you know because they're right cher business is their biggest business so does the illness really affect your investing strategy like has it it changed like a lot of your speculations and stuff you're talking about the Rona yeah uh you know not really too much I mean other than industries that has fundamentally changed for instance one of my positions a Carnival Cruise Line like it's fundamentally really changed the business model for the worse like that was an amazing very profitable business but because cruising's been shut down it's just it's in a horrible place right now and we don't know how long that will continue so if it's changed it fundamentally yes yeah you still use the same principles across the board or at essentially those haven't changed yeah no it hasn't changed and I and I try not to put too much emphasis in the whole Rona situation because this this is a 100-year thing right and so you can't make every judgment what did you find anything about the San Francisco situation you're not they're not okay top it was a rumor though right or saying oh you're talking about the reopening plans oh so there's still there's still so much shutdown okay I'm reopening okay cuz I think they said the source was TMZ and I said well that does sound credible TMZ has actually been a really credible name TMZ is one of the most accurate in terms of the information they portray more than news outlets you TMZ is like so precise of their information and sometimes they get stories before everybody else I have so many people I feel like infiltrates everybody you could possibly imagine that do leaking information and I'm sure that's why they go to TMZ I'm just guessing I still haven't figured out how t MZ makes all their money is it from that the show they have on channel 2 I've watched I haven't watched that show ages yeah YouTube channel 11 right yeah yeah what a career that guy has had yes series in a multi-decade long career going from what was it he was an attorney and he's an attorney and he would comment on cases yeah and he went from that to then TMZ why I bet you if he had waited a little like his career blossomed a little later I bet she would have done more full in on YouTube rather than created a channel you know I bet you he would have started YouTube joins me in five Perez remember that perez hilton's hill to that was to act like 2004-2005 okay as Hilton had a blog that he would just talk trash about celebrities on it oh it was so big and he's known as press oh wow yeah I want to know no that's interesting enough fact the government loves money man eat guys general oh yeah yeah you know what I mean it's like a guy generates a lot of money I mean he got I think he released a music video they got 63 million gaps in a day but you know what you know it's way easier I can spin that around that's good for his career his fro Isle for that like two months everyone was talking about him yeah oh yeah he was just even though you're not in the hip-hop community like people were mention he just calls that I ever know when he when he actually released his record like everyone's nickimja no yeah yeah I'm not a fan of music but like I don't know maybe behind it all he's a really really really smart there's no way no way I saw the most absurd news article when he was in jail and it was from like his lawyer and it was like Takashi six nine is request requesting to be released from prison because he's scared he'll get that and that was like that was like an argument that he was using he's like man I can't get coronavirus like like I gotta get out of here and like that was a legit article it was like posted multiple times on many different like sites he was scared of it I love a lot of these people I really believe they're so smart being yes means and it's just it's a I accept that yeah if you understand how to get attention it's no different than the Kardashians like you know Kardashian's also and they stop you don't have it as much interest also you did some ridiculous thing you hear about the Kardashians and then all sudden everybody's like viewing their profiles and watching Keeping Up with the Kardashians again they understand how to keep in the spotlight you know I think that the cops ain't ain't figured it out here's it here's another youtuber that I've met with I'll tell you guys out but you would see their videos you'd be like through their idiots mmm-hmm but separate from that they know did that's like they got a play to that because that's that you know that's their audience and behind the scenes are so smart and they're making like hundreds of thousand dollars a month in profit and from the looks of it you would think like these people are so stupid but anyway Paris Hilton I think was the originator of this whole movement yeah cuz Paris Hilton sheep she's a you know believe it or not she's actually super smart and I actually talks really intelligent if you've ever like talked her outside of that show they got famous off them which was her and I think it was was it Lindsay Lohan or who was the other person that I can't remember always hitting Nicole something oh yeah yeah oh I can't remember the name of the simple life the simple life McGinnis Hilton and Nicole Richie yes and you know they would act like oh so dumb I uh you know a trainee Jonathan yes that and they got so much attention and people would tune in whether they loved them or they hated them they would tune in when they got views and then if I recall I think Kim Kardashian was like an intern or something underneath Paris Hilton and then she understood how to kind of like gain leverage whether you know it's people just getting people talking about you get it out there and then obviously the whole Kardashian family built and then you got so many people you know you know we go back to the coffee 6-9 I think he just realizes there's so much you know it doesn't matter whether people are talking pause they're bad about you as long as they're talking about you Floyd Mayweather the boxer you know how do you become the richest boxer and get like two hundred million dollars a fight because everybody want to see him lose maybe this is the time a was gonna lose let me buy the hundred dollar pay-per-view and then he would win but you know it's just like people just want to be in a play a see officially he's officially retired but yeah but they always say that I always come at a return man he was running miles of the day like you know I don't I don't know if any of your tired boxer just runs miles to run miles he might come out I wouldn't be surprised to him fight McGregor again gosh yeah there's a hundred million up there yeah Anthony oh Anthony had a big on Mayweather last few times disease never lost every single time he keeps upping his bet boom and you have my last game taking me like 60 grand okay I went to him on him batting on Mayweather cuz he's like young guys never lost there's no way yeah yeah yeah the entire meant to do one fight and then lose yeah no way to MMA yes imagine a you know with a guy like that 50 you know imagine if you started betting with him just like a hundred dollars his very first fight in like the 90s and then you just you never sell out every time you just put whatever you made into the next one the next one the next so you just like what is that if you start with a hundred dollars compounded by 50 well you would make so the prom' is above the threshold yeah once he got to certain you have more money than that exists yeah so a problem is like even though right yeah it's not a yellow one even if you bet a million on them in some of those fights you might only profit 100k because they put the odds you know so far against the other guy I bet you that's more than like our GDP yeah you would be America at that point so you're saying massively in debt so I'm only thirty into it yeah so one point one to 59 so with 17 zeros you own the world dollars yeah you doubled a hundred odd that would be like a quintillion oh gosh that's the crazy number well fun fact of the day yeah just beyond beyond honestly the 15th time he's won wouldn't [Laughter] as much money in circulation for your back to know we'll see if he plays again that's a sign yeah loses that's a one-time time for him to say like let's say it's a stage like yeah I wasn't in my prime yelling more I think he would rather go out undefeated are you down to put a month YouTube salary down on them if he ever fights it yet no would you do two weeks half a month you could make interesting content I will say that realistically I would probably I feel comfortable at 20 grand what are the ratios now what's the payout uh Walden probably depend on who we fight but I would say he would be Alisa Tendo in favor so um the ones yeah so hundred dollars you bet you win ten dollars I would say yeah you're really gonna do that for two grand but it would be everybody else so what is it like living in Vegas living in Vegas man it's amazing I love it you know I've lived three place in my life Arizona is where I grew up Phoenix Arizona then we moved out to Charlotte North Carolina for a few years and Charlotte was fine it's just I didn't really like the East Coast and then I yeah I lived in lived in Vegas since 2015 and loved it and absolutely loved it so be closer the west coast again and taxes and I just kind of like the vibe of Vegas you know being 24/7 and things like that and also just kind of I feel like there's an entrepreneurial like vibe out there also so but taxes have big reason ah it's really the only place you can be on this part of like the west coast where you can still have no taxes because I think it's at think of Seattle right also is it Seattle that also has no taxes I know there's like yeah de Florida Texas no no state taxes and yeah so I was just like looked at the options out there and I was like all I want to be close to a West Coast get it hey guess that's that's a play you know Nevada so yeah I love it I love it it is great and then it's fun you know only people come out you know friends or family everyone's go strip of course you gamble not really unless I'm with Graham that's the only person I will do it with what do you think you'll have to come with us today what do you what do you what do you guys play you play blackjack right like blackjack Bach Ron crafts yeah perhaps I think is the most fun because you get everybody around the table yeah you know throw the dice I'd love to see I'd love to see you guys play craps and and Graham's girlfriend could not be named Graham's girlfriend always goes on a hot streak oh she went on a roll when she gets the table using everyone just like taking out there hundreds through Anthony was just like takes like wads like ten thousand dollars are you kidding me he's it's a blast to watch but but yeah but but they see her come up the table and she has no clue what she's doing and she's like dude and oh people love it so there's a superstition when someone comes to the table a woman who doesn't know what she's doing you bet heavy because she's just gonna keep rolling that the winning numbers so any time like like someone like that comes a table you'll see all these guys just like you know does she know how to wait like how the game works the game and that's I think the good thing behind you is because she doesn't know like if she knows don't roll a seven guess she's gonna roll a seven right she's like what do i did just roll it and hit the back of the thing okay and just that it's like it's like yeah the hard six they'll call it because it'll be two threes and it was like okay okay hard six we're sisters there so roll it again it's a hard six and people lose their minds just hit the roll the same thing again and everyone had their money on that they making a lot of money or she she's role for like 10 minutes yeah encore yeah yeah something like that when people were making thousands of dollars on this and then some dude afterwards yeah never moaning like 50 bucks yeah something like that because the guy needs so much money from her role he's like you know thank you gave her money yeah the most embarrassing thing about that all is I lost money I was the only person at this table that was like loaded with people everybody's making so much money Graham like for extra five X's money in a matter of like 30 minutes I lost money I'm like it was incredible cuz I was betting on a field everybody else was just playing like normal pass line of stuff and maybe like backing it I'm playing field I was the only like in and all like the the dealers and whatnot they looking at me and or they're like oh you need to be colored up and then they're like no he can't be colored up he lost like they are all like running a joke I'm like oh my gosh how could I do the only person that lost so that's another thing is that after a really good role that's gone on for like five or ten minutes you do what's called coloring up which just means you take all of your chips and you get the highest denomination ship so you could take all your $25 chips and hundred dollar chips and you can trade them in for like $1,000 chips or whatever so when you go on a big roll like that the chances of that happening again people like listen I already did so well I'm just gonna leave yeah so that's what that's what I do so any time you get a roll like that you're done no usually that's a signal if you're done for the night you go back the next day but yeah every single time I go with Jeremy you lose I know every time I'm like how it was a single game there's too much to lose here Jeremy do trust me this is not a winning game you're not allowed to win it's why don't trade yeah exactly it's all just yelling yeah exactly I'm just like no this is not for me so what about Graham does he does he win or lose he usually wins III I mean we've been out I don't know how many times it's quite a few and I don't know if I've ever seen loose I don't know who's thirty percent of them I win seventy percent of the time I don't know if I have legitimized yeah I'll be honest I may be it's happened I don't remember it so Kevin is fun to play with me Kevin's crazy yeah yeah because y'all just keep he'll be doubles down he just goes right back it's more money couples down yeah he's one of those guys yeah and you like at the roulette table you guys eventually who wet yeah if you've been right exactly you bet 40 you lose II bet 80 you lose it you bet you know 160 he'll just keep it eventually chances are he'll hit one of those make all this money back and he's like okay I could start over again haha yeah go and relax one color it wins he puts you know the initial money plus the profit on it again it wins again he does it again and then finally like he'll end up losing eventually but it's like dude the number is I getting big now you know he's fine he's doing a play with because he's chatting up everybody you know she wears Fedora no does it so what's a does he wear that actually like he's worn it out a few times is it's cool and stylish no did you take it from my white hat or what'd you take the idea from there I haven't seen it because you know I usually wear that way hat oh I sighs yeah holy smokes ain't no joke is what so the Holy Smoke is this ain't no joke is it I don't know when exactly started I might have been a year ago two years ago but it was sometimes big video topic and I got a bunch of comments right away that they loved it and so now if there's ever like big news I have delete him with always hate milk Joker's and most of time be like well guys here today buh buh buh but you know if it's a big video holy smokers this ain't no joke and that one is reserved for only the big videos it has to be something Tesla had to hit thousand dollars or something in a day like something crazy had it happen but uh yeah I know that's a fun one but yeah I come up with so many different nicknames for stocks like I have cruzi doozy fizzy get dizzy Tesla my Isla oh gosh yeah there's a lot of like little nicknames do it mini jim cramer oh gosh you need one of those cymbals value something like that when the witness stock hits a thousand yeah when you're up 10% you hit something dude the amount of comments I've seen over the past couple years where it's like CNBC should hire you when Jim Jim Cramer's retires not oh no I don't think so CNBC says like here's two million dollars a year and you just got to make you know you got it two videos a day my business I don't know you know what's amazing is you have a relationship with CNBC and somehow I don't I'm the stock guy and yet we don't communicate at all I've never talked to CNBC they never talked to me you know they might not like me I might not like why is because you haven't shared really anything personal it's just okay yeah if you start showing your family a little bit more of a personal side it builds a connection maybe I could ya know that could but uh dad I don't know if I could ever do that man would you would you do a millennial money video I millennial my video wow you would be a fun millennium oh shoot I'd be tempted to I mean I've seen what Graham has done it'd be hard to turn do you want my baby yes I'll reach out to them because they know it's gonna be a big deal I think I think I would have to I'd be honest I think I would you'll do it I think I would do it I think I would do it yeah I think I have to do it I don't think I could think as well as offers that you just can't turn down okay yeah I think I'd have to do it so just see you know they would they like they went through everything I mean they always they were more particular than an underwriter getting a loan believe me would ya Wow I gave him a list of like like here are the things and I told them like what my payments are and they're like even my Tesla team the way we want to see a statement showing that like how much your payment actually is and like what you know what what you owe on it I would 100% love to do this because I literally don't even know how much money I spend a month I have no clue I was asked if we could do some sort of mild budget breakdown for you yeah I mean I I don't know what we spend it could be my wife probably knows it's probably 20,000 30,000 and monthly expenses I am you know wait what kind of expenses everything well you I don't know maybe it's not that much whoa business business expenses so it's like do you subtract business expenses from among the expenses so I don't know but I mean we have the mortgage but then we're gonna have another mortgage in Arizona come in then we got another mortgage in Vegas coming mortgage that one's uh we just got refinance and that one's only like 2,800 now it's not bad yeah no that one's really affordable but then we're gonna have an Arizona mortgage come and that would be like another mm that's coming this fall then we're gonna have the new Vegas property you know that's gonna be I don't know that's really you know that's one's like gonna be probably like 1.5 so let's say we put 20% down so that might be like five six thousand a month I would assume so we have a Model X that's a thousand a month we have a model three that's six hundred a month I think and then we have just a lot of other expenses man I like a lot of like those little expenses where it's like 100 200 300 here and it just starts adding up adding up so yeah yeah what about food budget food budgets insane it's got to be ridiculous so we have five people that live in my house you know obviously me my wife my two kids and then my brother-in-law and we spend so we spent a lot because then we go out to dinners sometimes two and drop 100 200 bucks like we just went out the other night and that was I don't know what I end up spending that might be done like 120 yeah I love to go out and a lot of times when I go out I go to nice places so yeah it's expensive tastes like at least you've been like school here gram dispraise there's a subway across the street you're like Oh Jeremy I'm sorry I'm not feeling so good actually tonight yeah yeah 20 minutes ago I was feeling so good but ever since you sent that last ten or something yeah I don't know what the number is but know that I think I'll be doing I would do it me I'll reach out I'll do it okay I'll do it we should build a connection of some kind you know I feel like me being you know a person in the stock market investing space and CNBC always focused most on stock market it's like it makes sense for us to have some sort of relationship even if it's not a deal one what you're gonna get though inevitably because I started getting a little bit of this but Graham you make more money from YouTube oh yeah real estate of course you know what I try to explain to people is that like YouTube is full time like yeah like 60 hours of me hours a week sometimes real estate is passive like you got that they're working 60 hours a week to something that's passive yeah you'll give you the new Jimmy make more YouTube and stocks honestly I get I get that alia I get comments like that you know it's usually like a hate comment like oh you make so much from YouTube and it's like you know I I make maybe 60 K a month from YouTube 50 to 60 let's say okay in one trading day my accounts in total will be likely if it's a volatile day on the market decent volatile and I like crazy will be up or down 50 60 K so whatever I'm making a month from YouTube and that's before business expenses and all the sorts of things my accounts alone will move likely that big in a day I think somebody left a comment like that the day and I usually don't even reply to comments but because I was smashing the thumbs up because I did this day yeah yeah and I smash the thumbs up for you I think the heart tip yeah and yeah somebody was like you know I saw it and it was like oh you make so much I was like dude like you realize my counts that day moved more than what I make an entire month but yeah it's but it's like it is at the end of day that's what we do like you know we could be focused on a lot of different businesses doing a lot of different things it just happens to be what we do you know for you know business so now sometimes I even think you know taken in a deeper level sometimes I think if I'm like I could actually be making way more money if I focus on doing something else and maybe YouTube is actually holding me back from doing something like way bigger I have those type of thoughts sometimes where I'm like you just don't really know what I don't know you know I don't even think about what else I could be doing because I'm so focused on YouTube all the time and what am I gonna make for an interesting video and how am I going to present this and so sometimes those thoughts cross by my head I'm like what if there's this big business opportunity that I'm not even spending any time thinking on because I'm so focused on how I'm gonna get a hundred thousand views on this video today and so there's even that that that side of me that's like you know because I'm constantly looking at a company so I'm constantly thinking about business I love talking business with with people I mean usually you know when you and I have one-on-one conversations we always end up talking about YouTube business and things like that this is what I enjoy doing and so it's like if I didn't put in so much time to YouTube maybe there's this other thing that I'd be a billionaire already or you never really know you know is so you know oh well so but those comments are funny where it's like well you make such-and-such it's like and the funny thing is you know I don't think like we're underpaid I feel like the amount of attention and time we get compared to like some of these actresses and actors that you know we don't even have to speak on impact that those people make versus our impact but you know you look at some of these people they make like a few million a year and you don't even know you've never heard of some of these movies some of these people are in and here we are you know educating or entertaining hundreds of thousands of people every day and we make less than some of these you know c-class beasts B Class movie movie stars that you movie stars is a big term so yeah so I think it goes both ways so it would be like you getting paid like ten thousand dollars per video plus you get ad revenue on top of that yeah yeah yeah yeah but yeah I think they really leave it up to you to monetize it because here's the thing I remember some smaller youtubers you know Tanner J Fox yeah I remember - nope Tanner J Fox was getting like 15,000 views a day on his channel and he was making like $300,000 a month yeah wait from what redirecting his audience Amazon FBA and he sold a program on how to have it grown Amazon it and you don't think he was he was making decent money like legitimately is making decent money on Amazon FBA yeah he was one of the first people in the entire space to really go the coarse route yeah made so much money doing course sales you know so here's someone who who honestly wasn't getting a lot of views but he was the biggest in that space yeah and just you know made a lot from that and I think a lot of these guys don't get I won't mention it but another person was getting just on a regular basis like 30 40 50 thousand views and he was making like five hundred thousand a month you're not doing that but it was all in the back and it wasn't from ad revenue no sure I think you know ad revenue is a little component there but depending on how you monetize and grow in the back end you could make so much right yeah but it just depends on what you're doing behind the scenes that's true versus a show or TV you know you don't control the audience or anything or try to sell but at the same time you say well you can get followers like people like oh I like that show so that I want to watch them on future shows or I want to follow them on Instagram or things like that and then you can direct but then you're relying on someone else's brand deal for the mode that strip it's like you know then didn't you know product will come and say like hey how much for this and you can charge on that you know might YouTube is one of those things that I think it's just really up to you do you wanna make young money doing that yeah no no down yeah you know what's interesting is one of the first people I ever saw that really like was on TV and then they went huge on YouTube and unfortunately this guy's made a lot of bad choices you know over the past few years Jake Paul you know he was on that Disney show and then he you know does his YouTube channel and simultaneously is doing the Disney Channel thing and then he's on YouTube and he was growing his audience huge that was like 2,000 I want to say 16 back then or 17 teams before you know things went obviously way downhill for that whole family but I mean at that time dude it was like it would that was transformative because no one had done that really I don't know if anybody that was on on a show and then they built a huge YouTube audience at the same time and lose from YouTube and then the YouTube audience got him a place on the show I think no yeah because he had he was on vine vine I think you can make an argument that maybe vine helped him but uh he he was on the Disney show and then he started going YouTube when buying us shutdowns all those Viners came over here and they all went crazy at that time I don't know if you remember that time like there was him and his brother then there's just so many Viners I can glue a pawns and a bunch came over and they had these huge audiences and at the time the algorithm would basically if you were hitting some crazy like view the sub counts you would get pushed more more at that time and it just grew exponentially dude and yeah those people writing that would tick tock down oh that's the next way Charlie to mail it to me Leo did someone see em Mel Julio I don't know whatever whatever her thing is okay sometimes I look at the trending page you'll see some top 10 trending mm-hmm and it click on it like I've never heard of this prison before yeah and then I'm like wow they have like two million subscribers I how many videos do they do they're like four videos like they have like 50 million followers on tick-tock yeah well they can just redirect you know that a small person take talk they make a youtube channel to get a million subscribers and one YouTube like over another and their videos get so many views yeah that puts it on trending cuz it's like just so we got to talk about one thing you made trending last month did you ever think I think multiple times did you ever think you would be on the trending page of YouTube that is like that this is where I talk about like inspiration and like expanding my mind like for the whole space do when I saw that I'm just like that's crazy you know I mean it's amazing and then I think after that I think I want say Andre I think got on the training and I think Kevin Kevin gone yeah got number one was number one trending for like almost 48 hours whoa that was one of the days I think got like 12 15,000 new subscribers in a day yeah yeah clear value yeah okay clear value was maybe one of the first in finance to get on the trending page oh I didn't even know the value and then meet Kevin Andre me why Oh Jeff Rose was another one who was on training for really yeah it's yeah I feel like there's there's a bit of a like you to get on the trending you have to hit so many different things like not only do you have to have a really popular time and it has to appeal to anybody yeah a good message to it okay if you can't hit all and it's got to be clickable with a good title Wow so it's like you got it hit so many different things to be on trendy you got to do that within the first 48 hours your video posting so if you can't hit all of those it's not gonna it's not gonna happen but no I'm just like that wasn't that's just an amazing moment for the space honestly like trending you know cuz literally like when we kind of got rolling with this like it was just you know there was no such thing as like the finance space on YouTube so just non-existent and like to see where it's at now where videos are getting on trending dude that's just it I think it's great it's becoming more mainstream especially I think in each of it initially I thought it was really worried with everything going on in the whole like the illness not everything I'm like this is it I really felt like it could this be the end it cuz I've noticed all my videos on YouTube snobs getting pushed as soon as that happens yeah and there was no longevity and I'm like all these videos that I spent so long on they're just not getting pushed him and it seemed like she was just favoring like the newest content and why don't you post everyday yeah I just can't I can't do every day and do it yeah so I was like you know is this it but I'm gonna try to roll with it but it turned out to be like this blessing in disguise yes absolutely shifted around it gave me so much more to talk about so yeah for more of this direction yeah you can go with it no absolutely but yeah I mean it's it's amazing and how many how many channels are on the come-up right now that are in that space where they're getting a thousand a 10,000 views a video right now it's amazing like just in my niche which you know I've really focused my channel last year to really just around stock market investing now it's amazing to see the massive quantity of creators coming up and actually you know fulfilling a dream of potentially like making YouTube a career or you know just being on social media in general or you know making a part-time income whatever it is now like it's amazing no it's phenomenal see and with stuff that is really important like people should care about their money yeah people should care about like because it's gonna dick you like the amount of money you have can dictate so much it's gonna you know dictate where you live what schools your kids go to where you know what type of food you eat you know where you eat it's where you vacation if you vacation a money's gonna dictate all that if you can give money to charity everything you know so you know I don't want to say our space is the most important one on YouTube but it's hard for me not to say the financial station the space in general is not the most important I'm just worried it's uh I just don't want it to be a fad because I think a lot of these things come with their curbs everyone's interested in and it kind of dies down goes genus something else that people just put their focus now it just happens to be anything money you're the biggest in the space and you know you're getting anywhere from 300 to 600 K let's say a video on an average video some are getting you know all the way up to a million but you know and that's really large but it still you look at some of these other spaces the makeup industry yes I you you know you look at you know many we're gonna say mr. beast he's like maybe the king of YouTube break didn't 10 million plus every video those mr. beast videos appeal to everybody yeah like you're a younger audience yes sir even even if you're if you're five years older than 50 you'd still watch mr. Bies video yeah it's family-friendly and no one can watch it whether you're so smart or you're you know nothing about no it's just you could zone out and watch this video and it's yeah with money it's like you have to be interested in personal finance yeah you have to you know at least know some level of background just a little bit mr. beast is to everybody so it makes sense why his views are so on yeah yeah finance and make it like anybody can watch unless it's like some major event it just happen and you can but I'm having more more faith you know that we're gonna get to a place where you're getting a million views a video yeah that's gonna be you know I already feel like it's been a game-changer but you know that's when we're talking about a real massive space cuz you look at what happened to gaming you know you know there's you know obviously the few people that are at the top of gaming they get millions of views that's even like a niche market you know how many people I I've played video games sometimes I don't really watch video game you know videos and there's only a certain segment of people that are really into gaming like them so you know all these markets aren't like that massive you know make up in beauty he has a lot of people that wear makeup and and are into beauty but how many are really to it that they watch you know and you know they this this creator over here gets five million views a video so I feel like all these markets from the most part they're a lot of these are still kind of niche downtown today yeah you know a lot of people wear makeup and they don't care to watch a makeup video they just know you know but yet they're pulling millions of you well then you watch them for the personality same like you day training let's just say and just making comments like PewDiePie yeah imagine it having like your little face up in the upper right you're trading stocks back and forth in your minute elements yeah PewDiePie yeah imagine that that might be the next wave wait wait to see that yeah okay look at the look at the arms do that just live day trade make comments yeah that'd be super good and I think you two would probably push that content a lot I think they see the value and people like having good financial education yes but but I think for day trading and stuff like that they're gonna start oh yeah there's no because people are treating it like it's a gambling really treating a gambling game and I think now it's so unregulated that like especially in some of these apps you can trade options with new experimenting you just have to select like I'm an intermediate investor who wants you know it's just there's no barrier to entry as long as you're 18 you could legally gamble on the stock market yep no it's it's it's a little scary I'll be honest you know um but at the same time hey if people are making money they're making money so mainly would you consider yourself a youtuber a stock trader oh boy I would probably still consider myself a youtuber first stock market investors second just because the majority of my time still is spent around YouTube and YouTube related activities but it's getting closer to 50/50 now but over time it's gonna flip and I'm gonna even go further and further as far as time goes because eventually you get so much money invested that it doesn't matter what type of view counts you're getting it's just will become insignificant right you know where it's like even if you're making a hundred K from YouTube let's just say for instance you've got 50 million already right it's like was your time better spent spending an extra hour thinking about the YouTube video title and thumbnail and the content there was a that hour would have been spent better researching companies so for right now I kind of still consider myself a little bit more like I like if somebody say what do you do I would say I'm a youtuber and then I would say I'm a stock market investors second so but I think I think over time eventually you get to a place where you know yeah I think whatever you are it's whatever you spend the most time on okay that's how I feel and so I would I spend the most time on YouTube and sometimes I do think I'm like imagine if I was spending all this time just researching companies and I bring out to my private group like the Private Stock group now I have this list of DMS I get every single night and I have to get back to these people like they pay to be part of the group and for me to answer questions things like that right and every night it takes me at least an hour to to to get into that to get back to all those people in DMS and all I think about sometimes is I'm like what if this hour too was spent looking into other companies rather than getting back to all these people you're good I'll try that I just shut down down the membership for a month yeah well you can't really do that you can't just like shut it down and they'd be like oh you know do these people pay you know for a year you know so I'm committed to it I have to be committed to it you know I'm a man of my word but I dude those thoughts still go through my head I'm like what if I what if I was reading any annual report right now or listen to a conference call sometimes I do listen to a conference call while I'm responding to DM z-- and stuff but it's everything's like what what's there's a perfect name for that in in the space like a time time versus money aspect or something like that yeah so but yeah you tuber I would still consider myself is first it was funny I asked Graham like what he what he says he does when people ask him you know how does he make a living and he says he he would never say you tuber he says he calls himself well realist I mean I'm in realistic um up to you and asked you like Oh what do you do I got the casinos or something you always say I'm a youtuber yeah like if my neighbors like when I'm into a new neighborhood yeah yeah no the one part I don't think about that is then you have to explain cuz they like you like you can make money from that like how do you make money and then you get into this whole thing that's why that revenue 4555 embarrassed of it at all like I'm proud of what we built on YouTube and what we're continuing to build but at the end of the day that's the only thing I knows me is like now I gotta kind of that process again there's ads that are shown before the videos and after the videos are over and you make money off those ads and it's only a very small amount but when it's a lot of people watching the amounts of bigger you know I have to get into that whole thing what are you doing real estate I'm an agent Oh how's the market yes over here yeah do you dabble in real estate at all do you have rental properties and so uh not rental properties but I'm up to well we got two houses we're building right now plus the house we own so I'm putting more and more money into reals so you're building houses yeah yeah well ones are so second home one's gonna be the main home and then the current home were living in once the other Vegas home was ready which is still gonna be for like a year or so I'm trying to figure out if I want to rent it I could maybe get like $4,000 a month I think for it or I'm trying to figure out if I want to just turn it into like an office where I can have you know either employees meet at independent contractors and just have it like a meeting spot because I don't really have a formal office right now I need some write-offs this year all right if part of me is thinking like it might be a good idea to go and invest in an actual office space oh yeah but I want it nearby I mean that's the only thing is I don't know I like not having a commute yeah and it's just like walking into a room part of me is worried that like you know people like think we're filming in the dining room yeah at what point do you become too like oh commercial personalized and something like that you know it might be too fancy maybe people like let me know down below in the comments or my opinion on that is if you're coming up with and you're coming up with the strategy for the content the videos and all sorts of things I don't think it really matters that much where you're recording it whether it's against the plain wall or it says it's a sad or things like that I think where some people get into trouble is when they have the outsourced all their content the ideas for the content the titles the thumbnails you know like a Gary Vaynerchuk right now obviously like a legend on social media in the business space but he doesn't he's not coming up with any of that you know he has a team doing that and so it loses some of its authenticity yeah and it just waters down the content over time and it just doesn't get the type of views it could potentially if maybe he was doing that personally and actually coming up with that so I think you lose I think I think you might lose that I don't think it really has much to do with the backdrops or sets or anything like that I think at the end of day it's it's are you coming up with a video there's also the overages it's the mental just toll of like how much does this cause to me every day where can I use that instead and just having no overhead just no expense it's just and if you post a video it's not as a profit but then you can also say well what if that property appreciates to four million over the next 10 years you know that's traffic so then you can say well I could keep that money in can there are worse things you can put your assets into that's that's it well that's what justified this property yeah why is that you know long term it's going to appreciate it I think it's a good store of cash we are cashing here it's safe yep yeah I mean you could write that property off and you know you know let's say you get it from 1.8 and appreciates - let's say it's a 2.5 over the next 10 years you know which would not be good appreciation for LA on historical standards and thinking le appreciate it's actually probably more than I I'm guessing probably yes okay next 20 years yeah my guess and so yeah I mean cash you know gets devalued every day as we know yeah the printer goes and and yeah I mean it might make a lot more financial sense especially when you sort of thing about the write-off side is a nice place - amazing so did you channel blow up like instantly add a specific period of time because I know it wasn't in the beginning yeah but or was it like a more grad increase in views no for me it's always been gradual I've never had a like whoa he blew up like he made one change like Graham went from two to three and then there was like yeah great like Graham you know he really had this time period which I knew was gonna happen it's like 2018 all the way into nineteen like really the back half of eighteen moving into nineteen I was just watching him and like he's about to go crazy and sure enough it happened I've never had that period I've just been you know steady growth you know I've always the most important I kind of thing I look at is what's average views I'm pulling in per video and if you just look over time it's just kind of been like a steady stream up it's never like I went Olsen from like 5,000 views a video no I'm getting a hundred thousand now no it's just been steady it was like you know I remember when I started pulling in like 10k consistently and then I was like 20k and it was kind of like 40k then it was like 60 K now I'm kind of at a stage where I'm looking for like 100 K a video and so yeah I've never had a like whoa he blew up moment it's just always been steady growth and that's one of the things I've always kind of strived for because I've always wanted people that really like stick with me believe in my investment philosophies respect my investment philosophies and are willing to watch my channel grow and watch me grow and watch my investments grow and hopefully you know people that watch my channel make a lot of money yes as long as I'm as long as I'm helping people make money people don't forget about that yeah coming back to you and I think that's why I've just been able to consistently grow year after year after year is that the end of the day most of the people watching my channel I think we're making money as long as they're sticking on my investment philosophies and focusing on things I look at and so therefore warm where people are like okay I watched him last year and I got this game I'm gonna watch him this year and as you get people angry if they lose money no really what happened wit in March March and April when just the markets tanked II did you ever get anybody being like listen then I listened to your investment I invest my fifty thousand it's all the money I have it's down to you already you know twenty what's up man not really cuz I something I always try to explain to people is the volatility of the market like you have to be ready for this like this is not just a one-way game you know and I think that's where you know I could probably get a lot more sales for my private group if I was like just talked about the ups but something I love to talk about it as a downs like mistakes I may in the market like you have to be ready to like go down on money if the market gets really bad for a month or a few months or a year you must have to be ready for that so I never really get that type of negativity I think because I explained it well I explained you know the risk in stocks you know I always put it as worst case scenario I'm like where's case scenario you put money in the stock that goes to zero like I even bring that out in video sometimes and just kind of putting in people's mind like dude you can lose everything you know and it's like that for any investment and I think because I bring it around that way it is another reason why the communities just add a higher like intelligence level then maybe some of these other you know channels that are out there because my people understand like the risk and the reward and that's something I really try to bring it out and that's why I never really even scared to talk about my failures to me goes by talking about my failures it like makes people realize wow there's risk in here so do you think you have to be an intelligent to be a stock trader invest investor I think you have to have a certain level of intelligence in terms of really emotional intelligence I don't think it's necessarily like you know how to do calculus level blah blah blah I think it's more just like having that emotional control to you know Graham we were talking about a little earlier you know I think in this podcast where it's just like knowing not to get too emotional everything's objectively yeah if you would objectively not try to get in and out because you feel an emotion today about something in really just just going off the the fundamentals the emotions in being able to stay disciplined is the most important thing it really is it's the most important thing when it comes to investing you know I could teach as somebody all the strategies in the world and you know do this look there's no stock if they're not disciplined they're gonna go off the rails I'm gonna do some crazy stuff which you know some people get into and some people make short-term money up there you know the Wall Street bets community sometimes I mean most the time that's bad so yeah do you ever buy stocks and then sell like the next day yeah in terms of short-term very rarely because I looked into these companies fully understand the fundamentals and usually if I'm buying I'm buying for multi years out I will sometimes sell earlier like usually I'm looking three to five years out in a calm I could potentially sell B for 35 years but it's because usually like the fundamentals changed with the business model so it's not the same company about into like you know just different decisions were made it's like whoa this is not the same or if it went up too fast there's some advice yeah yeah and sometimes that happens with stocks you know they just go up way more than you ever expected way too fast the valuation maybe doesn't make sense and it's like just take a profit so you know that's kind of the way I view it what were your biggest wins and biggest losses in the market biggest wins and biggest losses oh boy so my biggest win currently is Tesla unless my biggest win currently like someone might not ever know uh if I sold it today yeah because it's well over a six-figure profit and I don't think I've ever made six bigger profit from stock ever mm-hmm I don't recall I made five figures many times in many stocks like Cabela's was a great investment of mine back in the day Trinity industries cirrus logic has been a good investment of my multiple times throughout the market trying to think of some others this has been you know a lot of a lot of successes the worst one was GoPro it was my worst talk ever you know and that was well documented on the channel that was a fun one to go through you know that one's just like everything didn't work out like they failed at everything and then my worst one currently which is actually I think my one of my only red stocks is CCL and that one's massively negative right now I think we're down like well price you buy another 40s like 41 yeah we're down like 50% if not a little over 50% on that one that one's just gone so bad but but have you thought about doubling down no and just being like let's invest more once I thought about it and I thought about it even lower but then today I just don't want to risk more money in that one yeah yeah I'm just kind of like more confident in other stocks yeah exactly I'm like I look at some of these other stocks unlike this more outside in this stock desktop I don't want to buy more CCL so but I try not to judge myself too hard on CCL I judge myself a lot more hard on what happened with GoPro and that was more like a 2016-17 investment rather than CCL because CCL got caught into a once in a hundred year like roni roni situation and that just like you know what are you gonna do like the cruise industries always like a very profitable industry even if there's a normal like yeah business is down but it's not down like you're where you're shot down so but yeah that's that so that's my reason then wouldn't this be a really good time to just throw some money in them we'll the problem is we don't know how this is gonna recover because we've never been through it so there's a lot of people very confident that we're gonna you know get back really strong really fast I don't know I don't know if we're gonna have a second wave and what happens if we do have a second wave in the economy act she has to shut down again yeah no economy shut said again I mean it's the drop is gonna be worse than I think the first time but I just can't imagine I think at that level they would just say well we don't have a choice we're gonna have to get through this yeah and now we've worked a little bit more prepared we have more information and I suppose you know handle I just can't imagine shredding a delegate let's hope not I really can't imagine yeah let's hope not but the other thing is a consumer psyche you know if you know it takes off again you have a certain segment of customers who are already not engaging with businesses right now because they're scared for health reasons they don't want to go out right and that's that's you've got this segment over here if the segment that's in the middle they're like I'll go out but I won't do as much you have the segment of customers who don't care if we have the Ronit take off again really bad then that segment still gonna definitely not come out this thing that's in the middle probably gonna move more right to not come out as well which will you know make for a much longer recession and in this segment is probably to move to the middle and that's where I get scared not just in terms of always the government gonna shut us down again but what's the consumer psyche around going out going to my City Vegas going to the beaches going to the restaurants if we have a take back off big time again in the numbers balloon and the hospitals get filled that you know that remains to be seen and so I think it's um you know I think it's something you have to think through right now and I think it's why you still have to keep some cash around even though you know assets are continuing increase right now I think real estate prices were up the last couple months which is like who what how in this environment all it is yeah and you look at the stock market last word like up huge and it's a ghost of Hyde yeah you know like that's crazy but um but at the other day I think with that risk you have to keep you should always keep this I love love cash but I think you still have to write now because there's that risk man if this takes back off in the fall I mean if the numbers are still growing right now and then what happens if they really start you know growing exponentially I don't know you know we could be optimistic though let's hope for the best I'm optimistic yeah and Graeme your biggest one was on Tesla too right overall yes Tesla hmm that 260 so was my average 258 average by Oh average price yeah so I think it's interesting I think we should discuss as Graham's been investing more and more stocks lately I've been investing more and more real estate high the whole world is screwed up right now like what is going on but I would like talk to us for a moment about you in investing like what's inspired you to put more and more money into stocks I think it's just full for so I've known for a long time I need to be more diversified or what everything went into real estate and I started thinking like at this point I could take less risk and just I need to diversify and do some say for instance say for investment then when everything dropped so dramatically I'm like okay well I have all this cash that I've been sitting waiting for through my like a good real estate deal is just sitting there I may as well start buying in so I made the mistake of like I didn't want to put all my money at once yeah so I started buying and bit by bit but as I started buying in prices kept going up and so I kept buying and kept buying and kept buying and prices kept you know continuing to go on but in that I made some good investments and I made some that you know I bought a little bit too high danny's was one of them okay they just bought too high a lot of the rest Cheesecake Factory I got in pretty low my cheesecake wherever you sit down with I take her simple cake right yeah cake I think I must make it better than 9:30 percentage she's okay so there's some of my mom a lot Boeing was another one 128 Boeing and I think it's been a 30 grand or 30 or 40 grand Boeing at 128 yeah Boeing Boies one a few stocks I feel like you know they kind of got caught up too much in the whole storm because Boeing had issues before like they already had issues 737 max but then on top of that you had this and airplane orders are gonna get pushed out for probably the next few years what and of the day there's two companies in the world in the world that really dominate the whole you know industry it's them and it's I'm an air boss and then also there are military so the government would never allow them to go under No so when I looked at that one I was like this is dumb that I don't buy Boeing stock especially when I saw it under 100 because I'm like they're not going under they're not going under now you know but yeah that was a great pickup by yes so then when it dropped below to 170 mark I think I bought more on like 175 okay um so that's been that's been a good one for me but I just see like right now I'm looking at how much is my time worth and we're gonna get the best return for my time we're gonna I feel like my time is not best spent right now going and try to find a real estate deal here where I can make you know it's gonna take me a few months to find a good deal you know close on it renovate it my time is better spent just earning less money of my investments by doing something safer yeah so I feel like there's more potential now in hard-hit stocks and just index fund investing for my time yes Ben real estate investing right now yeah right now yep no that makes that makes us that's why but a lot of these companies - honestly I just like cheesecake factory is a perfect example where the stock price went down like 80 percent or something crazy like that you know and I would go to the Cheesecake Factory every single time I go there there's a line out the door oh if I can't be the only one going and just like ordering for the cheesecake there's a line and I'm like this is gonna come back big so that's why it that was Cheesecake Factory American Express was another company I didn't really want her that's thing up another I think 25 or 30 percent American experience yeah that's not really dangerous I got something else I got sense where I can express those customers are not going to be as affected no by this American Express is continuing to grow I like their credit cards a lot great JP Morgan oh yeah who's another company um the banks are almost government back yes point hi JP Morgan bank us so a lot of these banks and was like gee I like JP Morgan I think they got a good bank they got a good credit card you know but I throw money in them so a lot of these companies I did just buy because I felt like I used them myself I liked them Wells Fargo would I had lost money in Wells far so I Bible money wells thinking like oh yeah I'm just gonna get there I think a horribly run company but they're not lying to change their image I'm like it can't get much worse I'm here right well it went down Wells Fargo's my biggest loss I think we're GE i like they're pretty neck-and-neck okay but no I got a really important question a so when Graham Steffen goes to Cheesecake Factory do you buy a piece of cheesecake because you know the margins they're making on that are insane we got it we got a coupon there was a Black Friday deal where you lie like a $25 gift card you get two free cheesecakes oh I'm like then it's like 425 bucks yeah the cheesecakes for $8 each so it's really like it's worth it yeah that's that's gotta be able the main place they make money man then that slice of cheesecake it cost $8 yeah eight doughnuts yeah for a slice of cheesecake it's really good cheesecake that but also it is I'd like to speak factory because their portions are so big for that sir they were 15 dog salad fries yeah you split that in half it's really 750 m meal but look at Cheesecake Factory mint it's trading at $24 if there was 50 and look at just it was a very steady yup my board is holding six percent dividend and now it's trading in half but I look at this just as someone who's not died into it stocks and you like okay it was a $50 stock mm-hmm and I think yeah people are gonna go back to the cheesecake yeah but even if they don't even if fewer people go you know 70% of the people end up coming back if it's a 24 it should be 35 yeah stop great suit how good is that logic I'm like it's trading at 25 why can't I just go on it should be worth 35 based on the previous yeah as long as business returns that's the biggest key but at the end the end that's another thing like you could make money in the stock market without being on the level that I am or I try to you know train people to get to that level the reason I really do what I do and I research these companies I listen Congress calls I put in all the time is to way outperform the stock market you know the public count it was like fidelity has had like what a 74 percent game that's why I do it you know not just from the perspective of like you know but you can still make money in the stock like you you're making money like you're doing very well for yourself right you could buy index fund you can still like no matter which way you slice it you have to participate in the stock market I feel like I feel like if you're not you're just losing money yeah like you know what I mean and you don't have to do day trading you don't have to do any of that crazy stuff you know it doesn't work for 90 plus percent of people right you don't have to go there but if you're not participating in some way in the stock market it's usually just a big mistake it really is it really is I felt like such a genius though and in March because I know all this cash yes waiting for real estate yeah and then it dropped and I was just like I did it but I did but I didn't invest like I looked back at that and just yeah whoa but I started buying in there but still I feel like a part of me and then just like I feel like I missed some of that run up yeah back I could save so much money if I did buy a bit but you never know you know in hindsight things might be lunch when did you first meet Graham and what was your impression of him so first met Graham and think it was 2017 and I can't remember if he reached out amoeba snapchat right no no I think it was email oh could have been email yeah yeah yeah it could have been email at that time I was kind of like I was different back then I was kind of like in this zone where I'm like I don't really want to talk to anybody that's a creator yeah I didn't like mix with anybody and I'm completely opposite now like I reach out to like youtubers that are on the come up and try to like help them and guide them and things like that but back then I was very like I'm in my own lane I'm doing my own thing don't bother me I don't care who you are but you know Graham was one of the people that I was like I was open to and you know he had a I don't know what his channel size was back then but it was you know a smaller channel and he I remember I think the first time we met you came over my house yeah and whatever house I was living in at that time I think he was in Vegas you know somewhere but yeah and it was it was awesome you know we met we talked I remember that yeah I think my parents are yes in your backyard yeah yeah and I remember you know this is a funny story about Graham there's our first time meeting and you know we're talking and stuff and then like 20 minutes in he's like listen do you mind if I do this on I kind of were this specific like laptop there's a really good deal on being HP yeah yeah something like right around then he's like do you mind if I do this real quick it's just a really good deal and I was like go for it you know typical Graham stuff and fashion he's gonna save some money even though his first time meeting somebody but no it was good we talked a bit and and then we kind of built our relationship from there later on down the road we did a conference together I remember it was at 2018 which was a funny story about that is you know our channels were at very different places back then our personal brands were at very different places I remember how you remember how hard it was to sell tickets there oh yeah incredible I mean I think it didn't like the name of it yeah there was there were soul really building we had yeah we had no clue we had no clue what we were doing our personal brands were just we were all still don't like to come up yeah we could pack that place for like a thousand nights nowadays but like back then it's just like it was ridiculous but no and that was fun and we've just you know built our relationship from there and he's one of the few like friends I actually have on YouTube where I like it's like not just about like YouTube I'm not just like trying to use him as like you know person I'm like you know I was actually a friendship there and I don't have a lot of people in the spaces very few I have that or you know I can really call friends because my biggest thing is like I don't like to have a lot of people that I'm not one of those type of people that likes to have a lot of people in my life because my time is limited and so I always look at it as if if if I want to conversate with you or talk with you on some order a regular basis like you have to be important you know what I mean because you know we do think about money right and if you're spending all this time with all these different people at the end of day you're not really thinking about you know what's the next let's be friends with someone who lifts you up yeah bounce ideas off yeah like I like that we could we could talk and then I feel like I leave that conversation to who I get so many new ideas to think about like it's true they don't like you know just hanging out with people where all of a sudden you feel like you're just yes draining yeah it's a different perspective and honestly there's not a lot of people that really think like us so to find somebody else that is like on say the same wavelength is like amazing because we're you know and I remember my wife was talking about she's like sometimes I feel like I can't really you know interrupt you and Graham when you're talking because you guys are just on this whole other like level of talking about algorithm in nominal details and like you know we get into so and so in depth on some of these subjects but it's nice to have some you know somebody in the space that's really thinking about the kind of stuff I'm thinking about in like weekends you know because it's really not like once you get into this it's like if I don't yes phase no 100% not to call anybody but be people are all just like how can I make money like right now how can I make money and that's it that's it yep in a longevity and that's another thing I've been wanting to build relationships with people that are gonna be here for the like the long-term that's the kind of the way I view it and I'm like III don't want to build relationships with people that are just you know like here today and gone tomorrow tasting most of them on social media yeah and then they're big for a year and yeah just they cash out yeah they find a way to cash out yeah they're done yeah yeah yeah cuz I plan on being here for the long term so I'm like if I want to build relationships in the space whoever I want to build relationships with it has to be people that like I like one but two also I think are gonna be here for the long term I think it's really important like you know there's a lot of quick money people on social media there's want to make quick money and get out and you know that's if that's what they want to do this what they want to do but I'm just like why not build a long-term personal brand that people appreciate and love for you know it takes decades it yeah it takes a lot of work it takes a lot of care it takes a lot of attention and in on social media the thing is you can scale some people can scale really fast if they you know figure out something and then they make some money and then they dip because they're like they give content to you know a lot of people you know they make a million dollars or getting a reputation yes it's a lot more common they make money until something happens yeah I know yeah yeah 100% yeah where they were using shady techniques from the beginning yep that we knew it was coming and I got ya oh we've talked about many people who in the space a thousand times and we always can call it out we're like this person's going on Nexus pricks is good though yeah yeah it's just what happens man but you know the there's there's a few key players in the financial space that are gonna be here for a long term and there's there's a lot of people on the come-up and we're gonna see who can who can take it to that level and get to you know bigger numbers so but yeah I know but uh you know Graham's awesome man that's all I get to say you know my favorite people yeah one of my favorite people Thanks um are you do you admire grams per gallon II do you think he goes too far with it and are you frugal in any way yeah I think gram goes too far with this I've shared this with them before I think gram is way too conservative with his money so my kind of views on money and money comes my ghosts but as long as you got like this this month I have a I have an on scarcity mindset nowadays and I don't mean to go to a place where you're spending every dollar comes in or even close to that because I don't even get remotely close to that level but I will say for you know Graham is is too much man it's too much for the type of money oh my gosh but I'm like yeah but at the same time I've learned to respect it because it is who Graham is he wouldn't be where he is now without that - that's true yes I played that to my favorites it's funny I actually make money from saving money yeah exactly brand yeah yeah because I've saved so much it makes me more money we talk about saving I always talk about myself as a frugal person and my wife you know is she she always thought of me as a really frugal person and told you know we started hanging out with Graham and she's like oh he's an ex I think I think I think he sometimes just gotta get out of that scarcity mindset you don't I don't like I said I don't even spend remotely close to what I make in a month not even it's not even like close I invest most my money or it goes to cash one of those two areas but I'm willing to spend on if I want to spend money it has to mean something to me though you know I don't just spend money to spend money you know there's certain things like I don't honestly care that much about clothing I probably bought these shorts I'm wearing four thirty forty bucks I got this shirt at the win for I don't know 40 bucks that's not like I wear designer suits or this watch I'm wearing probably cost me three or four hundred dollars I don't wear a ten thousand twenty thousand dollar watch because the ten thousand $20,000 watch for me means nothing in in respect I don't need to watch yeah yeah I know you love watches for me I'm just like I literally don't care I just want it to look cool I don't care if it's a Rolex or wear this brand so I am about like spending my I bought Tesla's very expensive write a performance what's your day what's the car you take yeah I brought them all X but that's because I came with the family although they went back with my brother-in-law but you know that's a very expensive the mall X is like 100 K the mall 3 was like 60 K that's a lot that's like 160 K and 2 cars but those means something to me I've really enjoyed those right especially the model 3 you don't take on you any gram it's like it's fun man so as long as it means something to me I'll spend the money in as long as it's not going overboard that's my biggest thing so yeah yeah yeah Graham he's extra man just a couple more questions did you go to college I did go to college yeah for like two and a half years went to like Community College and they you dropped out yup then I dropped out I started working a quick trip and also call just so dang expensive I had to pay my own way in Community College and that was fairly cheap I was able to pay with that without going debt yeah but yeah I would I had to pay my way through University and I was just looking at and I was like I started a quick trip and I was gonna make like 4050 K year and just a Schmo sent money so I was like you know forget this I don't wanna take out a bunch of debt go to university and kind of go that route so I started doing the quick trip thing and then I started investing simultaneously most of that money that was coming in and that's how I built my first nest day that's how I started my business that's how I started my YouTube channel and it was immediately worth it a hundred percent yeah yeah because I got that job whereas already making decent money which I was like 20 21 and 40 50k in Arizona goes a long way right especially during you know that was rate coming out of the Great Recession so jobs are still hard to come by so getting that following that money into stocks and just getting the gains and there's like keeping that money going it was a game changer I I don't like look back and like I regret that like that was a great decision and because I wouldn't be able to build up that nest egg I feel if I went to college it would have put me further behind the eight-ball cuz I would have taken out debt how to pay debt down rather than invest that money it would have slowed the process I probably wouldn't be able to work at quick trip and go to university at the same time so yeah looking back it was the best it was one of the best decisions I ever made financially for me was it actually drop off would you rather fight one horse-sized duck or a hundred duck-sized horses a hundred duck-sized horses duck sized horses or one horse-sized duck one horse-sized ox you got a big duck or you have a hundred small horses I think I'd rather do one big one because I could focus on just that one person I'd rather just focus on the one big one and also I would feel I feel bad about myself beating up a little I'm just a small little cute horse these are these are feral horses though still let's just go against the big clown first person to say that let's go against the big one and I'll focus on that one it might eat me alive but we'll go for that one okay the next one though is sigh what what is it is cereal a soup oh yeah a cereal soup cereal soup oh shoot that's deep by such a deep question a surrealist soup I'm gonna say no no it's hot as a hot dog a sandwich the hot dog sandwich yes I I would say a hot dogs I said it's not a sandwich I mean it hot dogs a hot dog but if we're gonna consume put it in a group I feel like it's a sandwich because it's got two piece of bread on each side and it's a meet in the middle uh-huh I could consider too Sam I said it wasn't a sandwich because the two pieces of bread are connected or connected oh but you can disconnected I know they come connected okay yeah I can see that and the final one is what was the first person that was milking a cow trying to do or whoa why did they do that yeah they were bored I'll be honest so you know back there what's this thing yes sir school yes back in the day it was boring let's be honest like there was no TV there was no internet people are bored what are the heck you're gonna do you're just sitting there looking at the clouds all day okay I mean if he do see an utter it's hard not to think yeah I kind of mess around down there I'd be afraid I get kicked but hey I think it was boredom I think boredom good you get your finger or your hand guys thank you so much for watching and do you have your two free stocks on weeble I don't know okay no rolling yeah get two free stocks I'll say you could use the Pearl link down below get your two free stocks we've been talking about the stock market this entire time feed your two free stocks and weeble make sure to destroy the like button subscribe button and notification bell link to your channel down below Jax information down below this just go down below smash the thumbs litter ate that one so thank you so much for watching and until next time the next time I use the higher episode all three of us are like this long episode our arms is like this I could not I was trying not to go with both elbows cuz I like that would look really bad so that was all that was a great episode so much thanks for having me that was more on grave and I literally haven't done a video since 2018 so it's fun to do something