Video summary
Daniel Mac, a prominent content creator known for his viral series asking wealthy individuals what they do for a living, reveals that his channel has generated over $50,000 in revenue excluding sponsorships and boasts billions of views across platforms like YouTube, TikTok, Instagram, Facebook Reels, and Snapchat. His career began after graduating college with an intention to work as a financial advisor at Charles Schwab; however, he pivoted when a single video filmed in Dallas about a man driving a Lamborghini who admitted to selling drugs went viral overnight, earning him 20 million views on his first TikTok post within days. This unexpected success led him to quit his day job after just nine months once he received a $20,000 check from Snapchat for two videos, realizing that the platform was generating double his annual income at the time while he still held onto security with his full-time position. The core of Mac's content revolves around interviewing ultra-wealthy individuals in luxury settings like Rodeo Drive and Miami yacht clubs to uncover their professions, which range from doctors and tech entrepreneurs to real estate investors and even OnlyFans models. He notes that the most common profession among those driving expensive cars is commercial real estate, while new money often comes from the technology sector. Mac emphasizes that one cannot become wealthy solely through a salary; instead, success requires owning businesses or investing heavily in assets like property. Despite the entertainment value of his short-form clips, he acknowledges the need to evolve into long-form interviews and podcasts to provide deeper insights into how people acquire wealth, moving beyond simple skits which sometimes blur the line between reality and staged content for brand deals. Mac's operation has grown significantly with professional support from an agent at CAA who handles negotiations and legal redlining of contracts, ensuring he secures better rates than his initial $5,000 to $15,000 per deal. He spends a substantial portion of his day managing five social media platforms, prioritizing Snapchat for its high revenue potential while also posting on Facebook Reels, YouTube, TikTok, and Instagram. While brand deals constitute the bulk of his income—sometimes reaching six figures in specific months—he warns that ad revenue from short-form content is relatively low compared to long-form video earnings. He advises creators to experiment with different ideas but stresses the importance of finding a sustainable niche rather than relying solely on fleeting trends, though he admits uncertainty about how long platforms like Snapchat will remain viable for his demographic-focused content. The podcast also delves into the legal and financial risks associated with filming public figures in high-traffic areas where illegal activities or illicit lifestyles are sometimes displayed openly. Mac recounts a frightening incident involving an FBI most-wanted fugitive driving a Ferrari who was caught on camera, leading to inquiries from various organizations about his safety and liability. To mitigate these dangers, he strongly recommends obtaining media insurance, which can cost around $25,000 annually but provides essential protection against lawsuits that could bankrupt creators regardless of the merit of the case. Furthermore, Mac discusses his personal investment strategy, noting a shift in crypto holdings from 10% to roughly one percent and expressing skepticism about Tesla's current valuation despite holding shares for several years before selling off most of them during price spikes. In conclusion, Daniel Mac advocates for financial literacy as a primary tool for wealth accumulation, urging listeners to invest consistently rather than trying to time the market perfectly, although he admits his own recent mistakes with lump-sum investing in December led to significant losses that were later offset by tax-loss harvesting strategies. He encourages aspiring creators and investors to build diverse portfolios including real estate, businesses, and index funds like the S&P 500 while maintaining cash reserves for opportunities. The discussion highlights a broader message about the necessity of adapting content formats as algorithms change and social media landscapes evolve, ultimately positioning wealth creation through entrepreneurship and investing as the only reliable path out of financial dependence on wages alone.
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Welcome back to the Ice Coffee Hour.
This is Daniel Mac. So far this podcast
I would say has made $50,000 not
including sponsors. No, wow. That's
under. Yeah, that's significantly under.
Significantly Significantly under. Oh,
significantly. Well, I would 225,851.59.
Okay, cuz the brand sponsors I feel like
are what pull a lot of it. Is that Is
that not true? It is true.
Yeah, the brands definitely help us out
a lot. Thank you brands. Yeah, yeah.
Yeah, thank you so much for coming on
Daniel. We really appreciate it. You
guys I'm sure if you're on Tik Tok
you've seen Daniel before.
Anywhere.
Anywhere. Gosh, you show up everywhere.
Like you can't get rid of you man. I'm
on Facebook I'll scroll, YouTube shorts
I'll scroll, Instagram I'll scroll, you
come up for me every like 10 Tik Toks
there's one of you. Oh gosh, I hope
that's a good thing. I hope so.
Yo, yo, what do you do for a living?
What do What do you do? Uh uh and then
they give off an answer. How did you get
started doing this? And how many how
many views and and followers did you get
so far from doing this? Like across the
platforms. What is your like monthly
view count across all platforms? I don't
know. I mean It's got to be crazy. It's
in the billions. So like on YouTube I
just crossed a billion views. Um that's
YouTube alone. I think Tik Tok's a
couple billion. And now though I'd say I
think I have like 17 or 18 million
followers across all platforms. So it's
really crazy cuz I mean I I was working
in finance prior. I graduated college,
freshly out of college um and I moved to
Dallas Texas to do a job in finance like
financial advising for Charles Schwab
the brokerage firm. And I had never done
content before. I like wasn't trying to
be a content creator. I was like content
creation's out for me. I was going to
work like a desk job in finance um for
the rest of my life and be happy doing
that. But then I just filmed a video cuz
I had an idea over the summer. I thought
it was like
where like how are these people getting
these cars? Like and I wasn't even the
biggest car guy is the thing. People
assume I'm like the wizard of all things
cars and now I'm really good but um at
the time I was just kind of a moderate
fan I you'd say. So I filmed a video um
and it went crazy. My first post ever on
Tik Tok had like 20 million views in a
day. And then I had a million followers
on TikTok within a week.
Explain what that video was. Where was
it filmed? Okay, so it was in Dallas,
Texas. I was with my friend Grant um and
we were in like kind of a fancy hotel
area, literally hunting for cars cuz we
came up with the concept. And I saw a
Ferrari just pulled up at a hotel. So I
asked the guy, "Hey, what do you do for
a living?" And he says, I don't even
remember now, something like, "I'm a
doctor" or something like that. And then
we see another guy, he's in an Audi R8
and he just drops, you know, some
general life advice. But then we see a
guy in a Lamborghini Huracan and he
looks really like fancy or just
interesting. So he pulls out of the
hotel and we start tracking him down the
road and go like eight blocks. We roll
up to his window and he looks over us
with shades on after I asked the
question. He's like, "I sell drugs." And
that was the video that like popped it
off. didn't even expect it at the time,
but I posted that and it just went
absolutely crazy. I had no idea. I was
refreshing my screen, like, what the
hell? And all my friends and family were
like, didn't even know it was me for
like a month or two cuz I never showed
my face.
Wow. How did you evolve from that? So
you obviously knew pretty quickly, like
immediately, you had a good concept. So
what did you do after? You're just like,
let's keep repeating this? Yeah, I mean,
people say like find your niche on
TikTok, um which I think is really true,
but I'm like basically I was surprised
that I thought I had like two or three
videos with it, you know, I thought like
after, you know, one or two, people
would stop caring, but I think people
are always going to be interested in
like how to get wealthy, obviously. But
I started branching out into other
stuff. So I started doing yacht content.
Like I'd go to Miami, I'd like break
into these yacht yards in Miami, like
where you're not allowed to be with some
of these like really, really rich
people. Um and I'd ask them like on
their ships, like, "Hey, what do you do
for a living?" And sometimes they invite
me on and we go like on a yacht party or
something like that. Like Miami's crazy
like that. But uh we started doing like
cribs, like um cribs, like MTV Cribs,
and we'd go check out people's like 40
or 50 million-dollar mansions and I'd
ask them what they do and um they'd tell
me and we'd check out their cool
collections and interviewing people.
It's such a broad like phrase, like,
"What do you do for a living?" that now
I can sit down with like people that are
in various fields and I can ask them how
do you get wealthy and it just keeps
keeps on evolving essentially. Yeah.
That's incredible. Now, how often is it
that you get like a really negative
reaction?
It's funny, I just posted a video of all
the negative reactions I've ever gotten.
Yeah, that one's funny. Um I'd say it's
rare though. Like it's every I don't
know, one in one in 10, maybe less. Like
maybe 1 to 5% of the time. It's normally
not at like a car show. I'll go to car
shows and everyone's like they know that
I'm going to be there or like they're in
the car community so they want to show
off their stuff, but I'll go to like
Rodeo Drive in Beverly Hills and you'll
get some wonky characters out there. Um
but sometimes people just like yell at
me. And I used to not like it, but now I
love it cuz it's even better content.
Right. What's some of the best advice
you've gotten from these people?
Well, I mean and you probably love this
one, but real estate number one. I mean,
people ask me like what's the most
common uh job that people are in um and
it's always real estate. Commercial real
estate for the real ballers out there
that like have, you know, like yachts
and whatnot. They're always in like huge
properties. Um but in general, real
estate, get into that. It's never too
early to buy a property regardless of
what the market's doing. People tell me
that all the time.
Mhm. Um a lot of people are in like
various industries like tech. Um that's
kind of where you see like the new money
McLaren drivers, not to stereotype
certain uh car owners, but tech for
sure. Um and then you get like the basic
like follow your dreams kind of people
that don't really know what to say. Um
but I'd say investing is obviously
number one. And I kind of knew that with
my background a little bit, but everyone
invests that has this kind of money.
Like you literally can't be wealthy by
just having like a salary is what I've
learned. And then also owning your own
business is the other big one. So I'd
say like real estate, own your own
business cuz there's only so much money
you can make like as a doctor even. Like
you're capped out at what, like 300k a
year or something like that.
Three to five depending on or if you
private practice, yeah. Yeah. Yeah. So,
how long did you do the financial
advisory stuff until you decided to quit
that and do Tik Tok and like content
creation full time?
Um so I was doing it for 9 months I
think. So I wasn't like a master or
anything like that. I've been fascinated
with finance my whole life, so I was
always interested in it. But um, I was
doing that job for like 9 months. Um,
and it was awful when I was doing it
because not because of the job itself. I
was really interested in it and people
would be like,
um, hey, like good thing you got out of
that desk job. I actually really liked
it. I thought it was cool. Um, and I'm
always interested in the stock market
and stuff like that. But I was basically
from the start of the job also
simultaneously doing Tik Toks and
whatnot. So like I'd finish work, I'd do
like a normal 9-5, and then right after
work I would immediately jet on over to
like some populated like wealthy area
like a mall or whatnot. And then on the
weekends I would fly out to LA cuz I
didn't live there yet. Um, so I would
basically be working like 100-hour weeks
because after work I'd be editing or
reaching out to people or doing like
brand deal stuff. And then on the
weekends I was filming non-stop while
also doing the regular 9-5. So it was
quite the grind and at some point I I
remember I was filming with Paris Hilton
in in uh, LA while still doing this
normal job. And I woke up that morning
and was just like, I'm quitting my day
job. Like I was just with Paris Hilton.
I got back at 8:00 a.m. or, you know,
late in the night and I just woke up and
was like, this is it. I'm putting in my
two weeks, which was really scary. Yeah.
Were you making more money on Tik Tok at
that point?
Yes, yeah. I was pretty conservative
with it. Like a lot of people are like,
hey, like um, you know, it's pretty
stupid to move out to LA and you it's
like the city of broken dreams
essentially. Like people go out there to
do acting and whatnot and they fail. But
I was making like I think double my um,
annual income at the time and I had like
seven or eight million followers on Tik
Tok at the time. So I really could have
quit earlier I think, but I didn't want
to be that guy that like moves out there
and then has to move back or, you know,
quits the job.
did your co-workers think about this?
Did they know? Yeah, they knew. Yeah. I
I kind of had to keep it under wraps a
little bit at the beginning. Um, you
have to declare the income to your job,
but I was like a little late on that.
Um, and they were just like gobsmacked.
Like they a lot of people didn't know it
was me cuz I didn't I didn't show my
face in videos for like 6 months. So
even my fan like friends basically were
like, I see this Daniel Mac name popping
up here and it matches your voice. Like,
is this you?
Um and I just had to be like, yeah, it's
me. And then I started showing my face a
little more, but everyone was shocked.
Do they Now, did Schwab have have an
issue with you having like a presence
outside of them? Couldn't that be a
liability if you did something and then
they're like, well, he works at Charles
Schwab. No, definitely. Yeah. I mean, it
was a they were really good with it
though. Um I had a really great boss at
the time. I think it could have gone way
differently in any other circumstance,
but um they knew about it, but it was
getting like hairy at the end there. So,
Yeah, which office was it?
Um it was over in It was north of
Dallas. So, Oh, okay.
the Frisco or now Plano office.
Okay, got it. Okay. Um but at the time
we were work from home. So, I never
actually went into the brand new
facility ever.
you say about how much you were making
right at the time of quitting from both
sources? Yeah, yeah. Um for the first it
was a 2-year program, so it's like
you're getting your brokerage licenses
and whatnot. So, you weren't making a
lot at the start and until you actually
became a full-fledged advisor. But, I
think it was around 55 or 50. So, like
just kind of standard out of college
job. Um
it would have amped up though. So, the
thing is I always wanted to do advising.
That's why it was kind of a difficult
decision and I think out of like 1 or 2
years out or so with your own book,
you'd be making like around six figures
or maybe slightly under at the start.
So, that was something I considered. I
was like, well, this is what I want to
do long-term for 40 years. What's a
little pay off here quitting my job for
a couple years potentially. Um but on
TikTok, I think I was making What what
really happened actually was I I got my
first Snapchat check in the mail.
Um and that was $20,000
just off of two videos. It was probably
my highest one of my highest paid videos
at the time. But, um at the time I I
just expected it to be like a couple
thousand like $2,000. I remember getting
the email. I was sitting in my apartment
on the phone with my mom actually just
talking about like my job and whatnot. I
open up the Snapchat email and I see
like a invoice or whatever to me for
$20,200.
Something along those lines. And I just
was like, this is a mistake. Like, this
can't be can't be accurate. So, I reread
it and that was with a 50% cut from
Snapchat. So, originally it was like
40,000 I generated them in ad revenue.
And then after this it was 20. And I was
like, oh, like I've done two videos this
month and it did this much in revenue.
I'm quitting my job. And then I went to
Vegas or LA the next week and I was like
Snapchat Spotlight. That wasn't like the
actual tiles.
No, it was um my show on on Spot on
Snapchat, not Spotlight. I missed the
train on that. Oh, wow. Yeah. People
could have made a killing on there. I
know. Yeah, people were reposting my
videos on Spotlight and making like
millions of dollars and I didn't even
know at the time.
Yeah, so for those that don't know,
Snapchat launched this program to try to
like have a TikTok type competitor where
it was like a feed and you could post on
there and they had a budget. It was $1
million was it per week?
Per day at the beginning.
Oh my god. A million dollars per day
that they were allocating towards the
the highest viewed creators. So, people
were repurposing your content and then
making like crazy
Yeah, slimy and shady.
millions. Like Cam Casey's some guy.
He's like their case study essentially.
I think he made like $3 million off of
like 10 videos or something on on
Spotlight.
Wow.
you go from filming on your phone to
then meeting all these celebrities? I
mean, it's DMs on Instagram is how I
started out. So, like I there were a
couple people that were really cool at
the start when I had like low follower
count like low but like a couple million
on TikTok. So, like I would just DM them
out of the blue.
And this is for like later in the game
when I was doing more skits. So, I would
originally was running up to people like
on Rodeo Drive like Giannis like the NBA
player. I just got him in a random
video. Jason Derulo, I just literally
got him at a gas station. Wait, that was
random? I thought that was planned.
No, not not Jason Derulo. So, some of
the skits are like I want them I want
people to know they're skits. So, some
of these celebrities I'll literally like
put like hashtag skit and people will be
like, this is fake. And I'm like, yeah,
they're playing a part here. But some of
the beginning ones I were doing were all
legit with the celebrities.
Yeah, that Jason Derulo one it's like,
who just sees Jason Derulo at a gas
station? But did he know you from
TikTok?
Yeah.
I I assume so. Yeah, I mean he was in
Tarzana when we filmed it. Um and we
were out there shooting um kind of like
a real estate like crib style video. We
pull over to get gas and Jason Derulo
was like his house is by there. Yeah.
And he was in a green Huracan. So like
we pulled off, you know, essentially to
go check it out. And Jason Derulo is
just chilling there. But he must have
known, I think.
He's just chilling there.
But But let's say But how nerve-racking
was that free to go up to Jason Derulo
and say, "Hey, what do you do for a
living?" Dude, I I didn't even know if
it was him at the very start. Uh but it
it it was crazy. It was some of these
celebrities I've met. Like I've done
What did he say?
He said He just said, "I'm Jason Derulo
for a living."
That's serious.
Yeah, yeah. I'm Jason Derulo. Yeah.
That's a boss, man. When you just say
your name and you're like, "Oh, okay. I
get it."
He's one of the coolest guys. We We
filmed another follow-up like skit with
him in Saudi Arabia. Um and the man is
probably one of the most genuine like
A-listers you can ever meet. Like he's
also really tuned in with like finance
and
Yes. investing and all that kind of
stuff.
Yeah. Yeah, we communicated briefly. Uh
actually it was like 20 minutes where he
he wanted uh he wanted to do something
in the finance space online and uh
wanted my opinion on that. I was like
the entire time starstruck just to be
like, "He's calling." I dropped
everything.
called you?
Yeah, he called me. Oh, okay.
Yeah, I was like, "He's calling right
now. Shh."
Oh, wow. Yeah. Yeah, I mean some of
these celebrities are just
Yeah. It's like we've done like Helen
Mirren for a brand deal and like Richard
Branson, like Logan Paul, like people
like that and you're just like, "Okay,
like I'll be nervous."
reaching out to you at this point being
like, "Hey, do a video or I'm trying to
promote something?" Yeah, I mean all the
time. Um it's just like a fine line
between letting people know like I I
don't want people I don't want to do too
many of them because I don't want people
to think that my videos are like all
fake and stuff like that. So like that's
why I'm like I make it apparent where
I'm like if we're doing something with a
celebrity, I want people to know it's
like a skit. Um but then sometimes you
just run into them, you know, out of the
blue, especially in LA. It's crazy. Do
you worry that there might uh you might
have challenges long-term with the same
format?
Oh, definitely. Yeah. I mean, people are
like, "Do you think you can do this
forever?" And I don't I'm not like
stupid. I feel like there's no way that
the trend could keep up for years and
years. I'm surprised it's kept up this
long. I think people are just genuinely
fascinated with the like how to acquire
wealth, but I think it's obviously I
need to adapt and change and do
different stuff. Kind of like what I've
been saying with like houses, cars, all
things luxury essentially, but I also
want to move more into the investing
sphere as well and really like sit down
with people and find out like really
like what do you do for a living and
like how did you get this car, this
house in a way that like a Tik Tok can't
actually encapsulate like Yeah, right.
20 seconds. So, your Tik Toks are mostly
entertainment value. Like you go up to
people that are driving these expensive
cars, ask them what they do for a
living, and that doesn't really provide
like how much insight as so as to like
how they got to where they are, right?
But, didn't aren't you starting
something where you can go more
long-form with some of the people you're
asking, and you can talk about like the
actual process of becoming a an
anesthesiologist or like a singer? Yeah,
yeah, exactly. Um, it's more long-form
con- I call it kind of mid-form content.
I don't know if that's a real word, but
like 5-6 minute um video and podcast
style like audio video. Um, I have it on
my Snapchat, so essentially where I sit
down with people. Some of them have been
more lewd, you know, we've had like an
OnlyFans model on there, but it is
interesting stuff. Like the OnlyFans
industry in general is like there's
managers going on and there's like a lot
of stuff on the back- on the back end
that people wouldn't expect.
Yeah. Um, and it's kind of like a, you
know, just a
monster empire uh that people don't
really realize. So, just cool
interesting occupations that you
wouldn't expect, but then also
anesthesiologist, doctor, like really
what is your path to getting to this
point? That's what I want to do more of
is the more of the long-form.
Yeah. You would do so well if you asked
somebody, "What do you do for a living?"
And then "A doctor. Can you give me 5
minutes of your time just to talk about
this?" And just like an impromptu
interview on the street. I don't think
like a fancy podcast setup or anything
like that. Just on the street with a
mic, just back and forth 5 minutes. I
think we'd do so well. Or in the car
with them.
Of you driving in the car with them and
they're just telling you their life
story. I think that would do so well
because it's like you're picking a
random person off the street and hearing
their story. It's not like filtered,
it's just like whatever they say. It's
like raw, yeah. Right.
We've thought about doing that with
people in in cars and whatnot. Um I mean
it's kind of like comedians in cars
getting coffee, but like Yeah. the
actual like more serious version of
that. Like I'm in their Lambo, I got
them in a video maybe previously or
whatnot. Like let's drive around in
their car that you saw them originally
in and let's find out like the real like
details on what they did. But I think
that's a really good idea with like just
I'm outside a hospital and someone's in
like scrubs and I'm like give me the
real like uh the real details.
so well. You know what who did that uh
did it great was Deadmau5. Where it was
uh what was it? He took people in his
McLaren and would go and get coffee with
them or would go to McDonald's with
them. And just him having a conversation
as they drive to McDonald's or it was
like a fast food place or Tim Hortons uh
cuz they're in Canada and then they
drive back. Oh. It was so good and they
were like 30 minutes and it was just him
just unfiltered. You see the guy getting
in the car and they just drive. Oh,
okay. It's really cool. I think if you
did something like that it would do
incredibly well.
That sounds like a really good idea.
Yeah. Also another thing to consider is
do you know like the TikTok salary
transparent street? Yes, yes.
they came out and they exploded. Like in
the past month, I don't even know how
many followers they have now.
just checking today. It's like 800k or
so, 750. But every single video that
they post just pops off and it's
basically this girl that travels to
different places and she goes up to
people, "What do you do for a living and
how much money do you make?" And she
just does it over and over and over
again and people just like eat it up on
TikTok. And I think if you could somehow
incorporate also like revealing people's
incomes. Like for example, you see
someone like a Benti Bentley and you go
up to them, "Oh, what do you do?" "Oh,
I'm a doctor."
"How much do you make?" And then they'll
say do that.
How often do people lie? I think a lot
of people have seen the videos and they
have like these cuz some of the
responses are insane. Like and people
are like, "Okay, this is like there's no
way they actually do that." I think a
lot of them are expecting like me to
maybe come up to them at some point. I
mean, people will be driving around in
like LA and they see that they've had
like 30 people walk up to them and ask
them the question. So that's why people
go, "Oh, you're the guy." or like, "Are
you the guy?" cuz I don't show my face
always. So they're like, "Is this
another person coming up to me or is it
like the real person that started it?"
So, yeah, and it's happened to me
before. Like I've been driving, I've had
like rental cars in Miami or LA for the
day, and I'll be driving and I'll be
like at a stoplight and people will roll
down like their windows and be like,
"Hey, what do you do for a living?" And
I'm like, "I'm the one that does that
thing." And they're like, "What the
hell?" It's it's pretty cool. Yeah. So
what do you drive? I drive right now a
Tesla Model 3, which is kind of angers
some car people, but I just ordered a
Porsche GT4.
It'll be here in September. Looking
forward to bringing it out on some
canyons out in New York.
did that cost you? You getting that at
sticker? I think so. Yeah, Porsche
Dallas. Shout out Porsche Dallas. But
um, they basically it was like a 7-month
wait or like 50k over or like 100k over
to get it from anywhere else, but um, I
think they're pulling
for me essentially if I do some kind of
promo and show it off and whatnot. But
yeah, I mean, I wanted to get a car cuz
I kind of, you know, I have I feel like
me and you are pretty similar in that
front where I didn't want to get
something that was like crazy out of
reach at the moment, but I still needed
to get something that I could bring
around to like car shows. And I was like
the car guy that's filming all these
videos with cars.
And you could daily it. If you really
wanted to drive it, you could drive that
thing like 30,000 miles, no problems at
all. Yeah. What's your favorite car that
you have? Uh, the Tesla Roadster. Oh,
okay. That's your favorite car?
Favorite car. You drive like bar.
What? Why I thought you were going to
say the GT-R. No. No, no, no. The Tesla
Roadster. I'll take the Tesla out way
more than I'll ever take the GT-R.
Really?
Yeah. Oh my gosh, it's so
it the original?
That's the It's a That one is a 2010.
Oh, okay. I mean, Teslas just drive like
They get a lot of hate because people
are just love them so much cuz they
won't stop talking about them, but it's
because they're so good. Like I'm
obsessed with my Model 3. I I you're
also wearing that watch. Now, I remember
seeing like when that video came out,
you went up to a guy in a fancy car.
What do you remember what car it was? It
was a Audi R8 in red, yeah. Yeah, and
you went up to him and you're like, "All
right, what do you do for a living?"
He's like, "I have a watch dealership."
or something, right? And then he brings
you to the dealership that he owns and
he gives you a watch. Yes, it's one of
my best stories, actually. I'll I'll
tell you it. So, it's this guy,
Timepiece Gentleman. He's in Dallas and
he's like a watch broker, basically. I
think he lives in LA now. I get him in a
video. It's like my fourth video I've
ever filmed or maybe third. Like one of
my first initial shots. And I just say,
"Hey, what do you do for a living?" He's
like, "I'm a watch broker." and then he
shouts out his Instagram. And normally
now I wouldn't add that portion with the
shoutout because people would think it's
like a a paid post. Like today I
probably wouldn't have done it. But back
then I remember I get on the phone with
my roommate and he's like, "Yeah, just
leave it in. Like maybe something cool
will happen to you." And I was like,
"Okay, fine."
And then I post the video and a day
later I get like tagged in a bunch of
stuff. And I still don't have like
really any followers. But this is on
Instagram. So, I had like no followers
on Instagram at the time. And everyone's
like pointing me to go to his page. And
on his page is him holding a Rolex bag
and it's like, "Everyone get Daniel's
attention. I want him to give him a gift
for shouting me out." So, I'm like,
"Okay, there's no way this man's about
to give me a free Rolex for just
shouting him out in a video." And the
video did decent. It got a couple
million views, which is solid marketing.
But I'm like, "Okay, let's find out
what's happening." So, the next day I
meet up with this guy after work.
He gives me a Rolex this Rolex. It's a
Datejust.
Can I see it?
Yeah, take a look. 41 mm. I think they
go for like 12,000 now or so. Jubilee
band, all that kind of stuff. And it's a
great color. Oh, I like You know what's
funny? I got the uh almost the same
thing. Oh, really? Yeah, it's a
different uh
different dial. It's the same size. I
think mine's a little bit smaller.
Yeah, it's mine is a different bracelet.
Yeah, yeah, yours is smaller. Yeah. So,
the Jubilee band
it's even more expensive, too. So, I'm
surprised he like cuz the the the bezel
it's like a fluted bezel.
white gold. Yeah, yeah. Here you go,
Jack. He balled out on it. Wow.
Uh and then he filmed the video and he
posted it and it got him so much more
business by posting it. Like this guy's
like a genius that he said he sold like
100 watches because of the video. Wow, I
believe it though.
Yeah.
When did you post the video? What year?
Uh, this was um Give me Give me Give me
like a rough It was literally like 2
weeks after my first video. So it was
like mid-September of 2020 2020. Yeah.
Okay, so the watch market was going
crazy then. And so you posted it at the
right time just as the market was taking
off and everyone was buying watches like
that. And he was in the right spot at
the right time. He's a genius. Combined
with your promotion in a way just not
even thinking about it.
Yeah. I had no clue. I was just like,
"Oh, yeah, let me post this video.
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started today. And now, with that said,
let's get back to the podcast. Have you
seen much like external benefit from
approaching a bunch of really wealthy
people and asking what they do?
I mean, just crazy connections. Like,
every single person that I interact with
is wealthy. Like, cuz they're all just
driving these crazy cars. Some of them,
I mean, I don't know. A couple of them
are rentals, probably. I've asked people
and they've been like, "Yeah, this is a
rental." Um so, they're honest in that
fashion. But, uh just like the crazy
connections, like I'll go to I'll be
like, "I know people in every city now."
Like, if I go to Miami, like I there's
people there that have yachts and
they're like, "Come hang out and do this
thing." I'd be like, if I started a
business, um I would have a lot of like
wealthy people that could help maybe
help pool me money or I could work with
um so, I don't see myself going back to
like a 9:00 to 5:00 anytime soon. It'd
probably be like my own business with
people that I've met that are wealthy
and and uh
I'm curious, if you could put a price
tag on uh on your connections. Like,
when you think of your network and how
much that's worth,
gosh, what do you think? Man, if if
you're to like buy that network, someone
who's 10 million bucks, $20 like it The
people that you know at this point are
worth more than you would probably ever
make. Just just having those connections
and having those friendships.
It's crazy. Yeah, I mean, like it's I
got to do something with it though. Cuz
people tell me that all the time.
They're like, "Oh, you have all these
crazy connections." And I'm like, "I
don't know what to do with them yet."
Not like, you know, I use friends or
whatnot as like connections only. Like,
uh but yeah, I feel like in the next,
you know, couple years or something,
some of these people I've met will come
to like be really cool be their business
partners or
life advice people or whatnot getting
into fields. Yeah. Do you plan on doing
something like that? Like, creating a a
new vertical or do you plan on
continuing going in the content creation
route and building up a social platform
like that?
I think maybe both at the same time.
Like, I'll I'll do the content creation
as long as it's still making me a lot of
money. But, cuz I mean, you can people
like you can make so much money doing
content, way more than people would
expect, honestly. But, I think also at
the same time while using my platform, I
would start a business and build it up,
but it's not as easy as people think. I
mean, like to do even promote like a
merch line and stuff like that. People
People see like, "Oh, you have 1.7 mil
or so on Instagram." Like, if even 1% of
your audience were to buy a shirt, then
but it's not always that simple. So,
yeah, I think it just depends. Yeah.
Yeah. Uh
now, you were mentioning earlier about
like car stereotypes. Can you share any
of those? It's like the tech people go
for uh you know, McLarens, and then
flashy people go for the Lambos. Have
you noticed something between cars that
Can you share that?
Yo, yeah. Yeah.
Okay. What what have you noticed? Yeah.
Well, I mean, you got the the classics
like Rolls-Royce people. I never can
even get them in videos cuz their
windows are always up. It's always a
miracle if I can film that, but Bentley,
especially Rolls-Royce, you got the old
crusty people every time. Like, they're
crusty, they're old, they don't really
want to talk. Sometimes they're spirited
old fellows, but uh for the most part,
it's like crusty white man in the in the
Rolls-Royce. Um
or like yeah, they have a driver or
whatnot. Um and then you have like
Bentley people. They're kind of usually
like older as well. They're like 60, 70.
Um that's pretty standard. Usually kind
of friendly, but also kind of along the
side the Rolls-Royce train. And then you
have
Aston Martin people. More like fancy.
They're They're not really like flashy,
so a lot of the times the Aston Martin
people won't want to tell me exactly
what they do, but a lot of them are like
lawyers. I don't know why. They just
like lawyers with the Aston
I know a lawyer with an Aston. Yeah, me
too. I know a couple, yeah. It makes
sense.
And they're yeah, they're kind of
private normally or like businessy, like
in some kind of business. Then you have
the McLaren people, and they're like
young new money. Like, they're usually
in tech. They love getting the crazy
colors on them.
Um and they love whipping around Rodeo
Drive with their windows down. Ferrari
is harder to kind of
get a hand on. Ferrari is difficult with
like who they give cars out to like
they'll sue people all the time. You
can't modify them. So you normally get
like an older crowd and Ferrari won't
even sell you a brand new Ferrari. You
have to like go through their many hoops
of ownership and weird rules and signing
your life away.
And then Lambo people are also kind of
like McLaren people. They're usually
like younger money kind of anti-Ferrari.
So you'll usually be younger than
Ferrari people. The Bugatti people are
never responding to me. Like I've
literally gotten like maybe one or two
like Bugatti Chirons or something like
that in a video. Anything above like a
million or so, they're private people. I
don't even know why they come out to
these car shows cuz like people can see
what they look like, but it's usually a
never they just won't they won't do it.
Usually I've noticed it's royalty or
sometimes it's something illegal. There
was one there was a big issue years
back. This must have been almost 10
years ago where there was a guy who
disappeared with a Bugatti and he
apparently had ties to like the
Malaysian mob or mafia or like some ties
like that and he came to the US, brought
all this money over and betrayed one of
them and then he just disappeared. Oh,
really? It was a big thing in the car
community back then. And this was in
Beverly Hills. Oh, really? Or he was he
was offed. And like oh, maybe that was
it. I think he was offed and people were
like and and then all the rumors started
to speculate that he was involved in
something he shouldn't have. But there's
some like crazy usually going like that
sort of space sometimes for the the
crazy ones. It's happened to me. Like
I've gotten
I guess this is public info now. I don't
really know if I should talk about it
out loud. I don't I think I'm fine. But
um basically I got some guy in a video
in a Ferrari and he's with this like
girl who's like an Israeli citizen and
he's from um Syria or his dad was from
Syria. He's like on the FBI's most
wanted list and he's like banned from
America essentially. But I get him the
son in America. I post the video.
They're acting kind of weird. They're
like we're students or I'm a student and
I'm like student driving a Ferrari must
be a really you know, I don't even know
what you say to that. Like, you're a
student.
Um and then everything seems fine, so I
post the video and then I get like hit
up by all these organizations. Like, and
they're like, "We'd like to interview
you about this person that you
interacted with." Um and then I finally
get a link to an article cuz it's
trending on YouTube. It gets like 5
million views on YouTube, this video. I
think it may be gone now, actually, so I
don't know what happened there. But it's
like "Playboy billionaire son of Syrian
FBI most wanted spotted in Rodeo Drive
with Israeli girlfriend." Like press.
Like
Vice Vice News or like Forbes or
something make an article. And I'm like,
"Oh my gosh, I I didn't know." So, I
don't know who else I've got to You had
him, man. He was right there. Yeah. So,
I think he's all good. I think it's his
dad who's Oh my god. Do you feel nervous
about like your own safety or anything
from that or were you fine? I mean, I
don't I I feel like it's like a genuine
I don't know
That's why I said I haven't really
talked about it much, so you guys might
be some of the first people to hear it.
But um Yeah. Yeah, it's not like he got
the guy like the fugitive himself. And
the video's already out. It's not
malicious. So, like I would feel like if
you were out there to try to expose him,
then you could be in danger. But the
fact that it's a one-off thing and like
you're doing it to everybody, I don't
think you're at risk.
It's a bad place, you know, the to film.
Wrong place, wrong time for him, I guess
you could say.
A lot of really wealthy families, by the
way, will come here and they'll take
like one class at UCLA and they're a
student. Yeah. That's what I've seen a
lot. A lot of people from like Dubai, um
Saudi Arabia. I'll get like the ballers
that are on Rodeo Drive and they're
driving Every single time I see them,
they're in a new car. Um and it's like a
lot of royalty.
Um so, yeah. That's like That's probably
like 5% of the people I get on Rodeo.
Yeah, I rented a house to a guy like
that and it was $50,000 a month, but it
was just for his friends to stay there
because he rented out the Beverly Hills
Hotel and like an entire floor for him
and his family and the assistants and
like, you know, all of that. But this
house was next to the Beverly Hills
Hotel for his buddies. Really? It was
insane. What they'll do is they'll take
their cars and they'll fly them down.
And then they'll be able to park them on
Rodeo Drive or outside of the the
Beverly Wilshire Hotel. Wow, they just
they like cargo like fly them like whoa,
okay. They'll just show up one day and
the thing is they'll have like multiple
people just to drive these cars around
so they could park them all outside of
the hotel.
Oh my gosh. And then they just walk out
and they'll pick which car they want to
drive. It's it's insane. I was just
there at the Beverly Hills Hotel like
two days ago and I'm just looking at all
the cars that are there and it's like 50
super Yeah, what's the other one that's
really good? The Peninsula Hotel.
There's basically all those hotels there
you go to the the valet and guaranteed
there's something worth a million
dollars there.
Yeah, naughty. It's crazy. And just the
amount of wealth and and I've gone to a
bunch of different cities like Miami,
Vegas, um LA are like kind of like the
hot spots. But like LA you get like the
people that are like really truly
wealthy um and they're just there, you
know, Beverly Hills style. And then
Miami you'll get like the people that
are like the Bitcoin um ballers out
there. I call them like they're like the
new It's like the Bitcoin city now. Like
when I go there you got a 50% chance of
running into like a crypto bro in Miami.
So it's super interesting.
Oh no, now they're trading in a
Ferraris. Yeah, speaking about crypto,
have you ever tried to ask like people
in normal cars cuz we know somebody that
Dogecoin millionaire and he drives like
this very unsuspecting car. Um so have
you ever for a day tried like, you know,
the Corollas or the Priuses just to see
like what you would get?
Uh people have told me to do it. The
people say do it with bad cars
sometimes. That's one thing and I was
going to do it at the beginning but now
I feel like that would come off like
really bad but I think that's an
interesting idea with like just regular
people um like regular people like
regular cars. Just kind of getting like
their life advice and whatnot.
The thing is you'd have to ask them how
much money they make. Because you could
find somebody and be like, I own my own
business, but you don't know if it's
like, you know, $20,000 a year business
or $20 million a year. If you ask how
much they make and they're driving a
Corolla, how much do $5 million a year.
Yeah. You're driving this? Yep.
The Buffets out there are like,
"Yeah, why waste money on a depreciating
asset?"
Yeah, that's what you would need if you
could just ask them, "How much money do
you make?"
Yeah. Yeah, it's like salary
transparency.
Right. And that's And that's also a good
way that you could always transition,
instead of what do you do for a living?
How much money do you make?
Yeah. Yeah. I don't know. I just I think
it depends on who you get. Some people
might be like, "Get out of my face."
Very rude, but some You the IRS? No,
literally people say I'm like an
undercover IRS operative. Um I don't
know if I've ever exposed I bet you
have. I'm sure. Like, "Okay, you're
being audited? Well, you were in this
viral video of you driving a
Lamborghini. Like, where did you get
this money?"
your Yeah, exactly. Yeah, I'm
tax returns is $10,000 a year.
I've ruined thousands of lives, so Yeah.
You could have So, how have you been
able to turn this into a business? Cuz
I'm I'm seeing some people off camera
here. And how much is involved behind
the scenes to do this? I mean, there's a
couple layers. I keep it so I have my
agent, Steven. He's He's over here.
Shoutout, Steven. He helps me do brand
deals. So, anytime I So, I guess I'm
like my own manager. Steven's the agent.
So, a lot of like TikTok people will
have like their own manager completely
and they'll handle like their email,
like their day-to-day stuff like that.
So, like I'll still get like inbound
emails to my email. I'll take a look at
it, whatever.
I'll pass it along to Steven. He will do
all the negotiating. And forgive me if I
butcher some of what you do, but he's
the negotiation man. Like, before when I
was without Steven, who works at CAA,
they're one of the biggest
firms in the world.
yeah.
Yeah. They're the biggest, maybe, I
think, yeah. Um They I I would be
negotiating myself and I'd be like, "Oh,
you know." Way undercutting myself.
Like, my first couple brand deals I was
doing was like
$5,000, $15,000,
stuff like that. And it would like just
was way low. This is right when I was
first starting out, like when my account
so I had a couple million, but still
like getting sizable view amounts.
So, then Steven will like negotiate with
you know, the brand. They'll you know,
basically try to up it to whatever we're
comfortable with. A lot of the legal on
the background is huge. All the fine
tuning of documents and redlining and
stuff like that. It's back and forth for
like sometimes up to months and whatnot.
Um and meeting with the people, you
know, you're FaceTiming with them or or
WebExing, excuse me. Um setting up with
the video idea will be, making a script.
So that's sometimes I'll jump in there
and once uh the deal's been set and all
the other stuff I'm forgetting about is
done, then I'll make a script and then
that'll go through redlining and
approval. And then once that's done,
then you finally can shoot. And then
there's the edits after the shooting.
And there's always a million of them.
And Blake over here is my producer and
basically once you shoot the video and
we think it's good, we always think it's
good and we make it our style.
Brands have certain tastes and they you
know, want it to be perfect to what they
want to do for their marketing. So we'll
go back and forth sometimes like five or
six times, you know, with different
edits. And then that's when the video's
posted. Yeah, give us an example of a
brand. How do you integrate a brand in a
What do you do for a living? I mean,
it's nice cuz it's such a broad topic.
So like What do you do for a living?
Could be associated with like any brand.
Like I could go up to someone in a car
and they could be a representative of
the brand or like I've gone up to like
BMW for example I did a video with and
they had a brand new electric car that
we shot with and they have a
professional BMW driver in the car. He's
like, "Get in, man. Like let me show you
the the car. Yeah, I'm a I'm a race car
driver." So you can like you can use
pretty much any occupation. It's so
broad and I didn't realize how good it
was when I made it. I just I just, you
know, essentially filmed the video, but
it works for pretty much any That's
true. I didn't think about that. Yeah.
And I've seen those videos. Yeah. Um
that's interesting. That's a good spin
on it. I really like that. It's just so
broad. It's It's like I didn't realize
how good it was for how broad it is.
Yeah, I got lucky with it, I guess you
could say. Yeah. And walk us through
like an average day. How many hours do
you work? What do you work on? I work
more than people would expect. I think
people with TikTokers like they they
say, you know, you're not just doing the
dances in front of the camera. Like I
hopefully will never have to do a dance
in my life, but I'll wake up in the
morning normally. I'm a night owl
though, so sometimes people will be
like, "Oh, you wake up at 10:30? Like,
you're lazy." But, I stay up until like
3:00 or 4:00 sometimes like working. So,
my whole schedule's a little shifted,
but usually I'll wake up like 10:00,
10:30 or so. Um
I'll check my email normally first. Um
sometimes uh Steven and I will hop on a
call and we'll be discussing like what a
brand wants or, you know, we'll be
reaching out to brands or they'll be
reaching out to us. Um
I'll usually start filming something
during the day. Like, weekends are my
film days, so I'll go out to like a car
show, go to rodeo, wait around for like
6 hours for something interesting to
happen. Um if I'm not filming like an ad
or doing um tracking people down like
literally on the street, um then we'll
be like editing videos or
you know, posting is really what takes
up all my time. Like, I have managed
five platforms and I do I post
everything myself. So, like, I'll wake
up in the morning and say I have one
video. I'll basically stack the videos
in order of what makes you most money.
So, Snapchat will be first. Like, you'll
see everything on Snapchat a week prior
to anything else. And then Facebook
Hear that? Yeah, Snapchat's Snapchat's
where it's at. Um I don't want people to
see it on TikTok and then skip away from
Snapchat. So, it's kind of like a funnel
of Snapchat, Facebook Reels, which is
newer. Um
And then YouTube and TikTok and then
Instagram last cuz they don't have me in
the Reels fund. So, thanks a lot,
Instagram.
You're not in the Reels fund? No, I
know.
I'm not even in the Reels fund. I They
don't like me.
don't I haven't posted Reels. That's the
crazy thing.
They just they never invited me. I think
because I post every day, they're like,
"Why give him money?" So, it's super
screwed up. I don't have an Instagram
rep, but um
So, Instagram's on the bottom. And then
basically all day long I'll be like I'll
go through all five of those and I'll
sometimes I'll post five posts a day.
So, you're getting the captions, you're
replying to people to get engagement up.
Um and all that stuff, promoting it on
your stories. That's what takes up like
40% of my day is just getting all these
posts on and then monitoring them,
commenting to them, um and making the
thumbnails and all that stuff. So,
you've got this down to a science now of
like what to post. Do the captions
matter that much? I'd I so. Oh, captions
on screen? Yeah. Oh, for sure.
No, no, I mean the captions on like uh
uh like below an Instagram post or with
a Oh, oh, the actual caption. Um yeah,
I'd say so. I I I think it's I think
it's important, you know, but I don't I
wouldn't say it's like the end-all,
be-all. Um I think hashtags also aren't
that important. I don't know if it helps
too much with like I don't know. I mean,
I feel like you know for YouTube more
than me, but I My number one
recommendation to people is captions on
screen that aren't auto-generated, but
like moving around to keep it you
stimulated and fast cuts. Yeah. Can you
share how much money you're making? I
can give you like a a rough estimate,
you know.
I'd say it depends on what's going on
with like brand deals and stuff like
that. But and some months are different
than others, but like on Snapchat, and
that's my primary income source, some
months can be like 15,000 only, some
months can be like 60,000 per month. And
then Reels has a new Facebook Reels fund
where you can cap out at 35K a month.
So, I can't get that now. Like they they
used to make it like 50 million views
would be the cap, and now it's like 150
or 200 million views. So, that was good
for like a month or two while it lasted,
but Reels I can make like roughly It'll
just depends now, but you know, around
10, 20,000, 10,000 I'd say now.
And then brand deals can be, you know, I
don't want to give too much info on
that, but they're just a rough estimate
around that front. So Yeah. So, what
would you expect over the course of a
year? Just like an average year, what do
you think that would equate to through
everything? I'd say it depends. Like cuz
the thing is last year is was the big
blowout year for me, and then this
year's different, you know. It's It's
like more money in different areas, but
as far as like ad revenue goes, it's
kind of been going down a little bit. It
goes through like phases.
But definitely, you know, mid-six
figures I'd say is probably standard for
like a year-to-year basis.
Yeah. That's fantastic. Yeah. I think
you need to be expanding this. Yeah.
I I get so worried, but I'm so like
pessimistic when it comes to like all
things social media. For me it's like ah
it's last month. I got to make it good.
I worry that like
beyond another year or two, you got to
figure out a shift. I think the podcast
man could make you so much money.
Yeah. That's what he was telling me.
Yeah, the podcast. Yeah, 5 to 10 minutes
enough where you get cuz uh didn't Tik
Tok have like the 10 minute limit now?
Uh yeah, 10 minutes. Yeah.
Yeah, but I think you did like 5 10
minute interviews. Yeah.
Yeah, not a full podcast like this. 5 10
minutes. Post on Facebook, too.
on your own
Well, YouTube for sure. Yeah, YouTube.
Uh Tik Tok if they do or Tik Tok you
even just do 3 minutes on Tik Tok.
tiles would be good as well.
Yeah, that and Facebook. Yeah. Yeah, I
think just repurposing it every Do you
film vertical for all that or in
vertical and horizontal? So, you would
probably have to, right? Yeah, you would
have to. I wish they'd make a phone.
I've been telling it Apple, you know,
not really my direct line to, you know,
Mr. Apple. But um why don't they have a
phone that has the ability to record in
vertical and horizontal at the same
time? It would be great.
That's a You know what's not? Good idea.
You know what's not a thing?
What the?
What? Why Like that's a that's something
for me. That's a problem everyone has
had. It's insane. I don't know why it's
not a thing. And I don't even know if
people have I'm sure people have thought
of it. Like like every good idea. I'm
like, yeah. That's one of those ideas
where it's just like why didn't I think
of that? You could do a Patreon.
Yeah. You could do a Patreon and then
release early on Patreon or you can
release the interviews on the Patreon.
You could You could have only fans girls
on there. What do you do for a living?
Let me show you.
Yeah. Only on Patreon. What?
I don't know. The Patreon people have
tell me to do it and they reached out to
me like Patreon specifically and they're
like, why don't you have one? But I
don't know. I just I hate promoting it.
I don't know. I hate I hate I hate
promoting a lot of stuff and I feel like
I should just get better at You got You
got to get better at it.
I just like I I so cringe to me like I
was just kind of shy starting out with
my account. That's why I didn't show my
face. Something to me just would get
like, what up, y'all? Subscribe to my
Patreon. I know like everyone does it. I
just like got to get better at doing
to. And people who want to support you
would be happy to do it. Yeah.
I would say probably 90% of people don't
care.
8% of people will do it.
beneficial. It's like you're providing
value to these people in the same way
that they're providing value to you.
Mhm, okay. That's an interesting way of
looking at it, yeah. I mean it makes
sense, you know, early access to videos.
Like if I really liked someone, I would
be like, "Sure, I'll pay for that." If
you're already tapped out in how much
you can work, you can hire someone else
out. That's overhead, and the Patreon
can help pay for that, and you can
produce more with the Patreon as well,
which is also pretty Mhm, yeah. Yeah.
Let's talk about different platforms,
and where you think the most valuable
platform is. Like which one is it? And
if you were to rank them on having a
presence, how would you go from like
number one to like number five?
Well, it depends on what kind of content
you make. So, like if you make
short-form content,
uh well, and I know it's different for
you. You do long-form content. So, like
at least on YouTube, and
clips on TikTok. Okay, yeah. So, TikTok
pays I'll tell you exactly how much
TikTok pays. I mean, you guys probably
know too, but $20 to $30 per million
views, which is awful. Like you'll
literally have a video with 10 million
views, and an ad revenue, and you're
making nothing. So, I'd say as far as
like money But then you're getting all
the brand deals as well. So, like TikTok
to me is if it were if I weren't getting
brand deals through TikTok, and it
wasn't my biggest platform, I would be
like, "Screw TikTok. It's on the bottom.
I'm posting it last." So, it's all about
the brand deals, so I keep that in mind
cuz Instagram I'm doing brand deals as
well, and they don't pay me anything,
but I still beef it up and post on there
as well. But as far as like Snapchat to
me is the best platform, but I post like
compilation videos. And I don't think I
don't see it being around though
forever. Like it sort of could be dying.
So, I I don't know where to rate it
there, but I'd say YouTube has their
stuff together. They're kind of ahead of
the game on the shorts field of stuff,
you know, like they're competing with
TikTok now much better. And now they
have a bonus fund as well. So, I think
YouTube's obviously going to be there
forever to stay. Um Facebook's the
sleeper pick though, I'd say. Like
people in in America at least, like
globally everyone uses Facebook. 2
billion users a year a day or a month or
whatever. And all people at least, you
know, that I talked to are like, why
would you get a Facebook? But that's
where you make so much money. Like
people like Supercar Blondie, for
example, you know, she has
huge on Facebook.
Yeah. I was talking to her. She's like,
this is by far our biggest platform to
make money on. And they, you know, you
post three to four minute videos. You
can do two ads on a four minute video or
so, and no one is thinking about it. I
mean, obviously people internationally
are, but for some reason in my
generation at least, it's like
Facebook's dead. But like money wise,
Facebook is not dead. And I was late to
it anyways, too. The thing is, I think
the uh the people with money to spend
are on Facebook, because they tend to be
a little bit older and they have the
discretionary income. Versus some of the
other platforms are so young that it's
harder to target them for ads. Yeah.
Facebook's the best, apparently, for ad
like ad targeting. I mean, it didn't
cause a little bit of problems with
them.
I just tried uh doing Facebook again, by
the way. Remember I was doing that? I
did that for
6 months.
are you? No, no. There's another company
who did it. But um yeah, so I did
Facebook post uh reposting my videos
from the main channel and like little
compilation clips and whatnot on
Facebook for 6 months. Did nothing at
all. And I had Yeah, but your videos
were like 10 to 12 minutes, right? No,
no, no, no. They cut them down. They cut
them down? Yeah, they cut them Yeah,
they they fully edited the videos. And
uh we had a talk, and we're both very
honest. They said, we just don't think
your content is working for this. Um
it it you know, Facebook tends to be an
older demographic. A lot of it is
international, and your your videos are
very focused to younger US Mhm. uh
audience.
And um it turned out
we I then I stopped in January. Turns
out that just like out of nowhere, it
started getting traction. And it was
getting like 10 to 20,000 views a day on
Facebook. Just randomly. So, I'm
starting to back up. Yeah, see what
happens. Huh. I mean,
Yeah. It's so it was so weird. But uh
I've heard good things about Facebook.
Yeah. Yeah. I have a big international
like international is huge for me. I
think America's only like 20% of my
audience or 25. It's barely the
majority. And then older too, like my
demographics, like my top demographic is
like 25 to 35 and then 35 to 45 or so is
almost the same as 18 to 25. Which is
really interesting, but I think it's cuz
older people are into cars too. I could
see that. And also your content is
watchable just no matter where you are
in the world. Do you do different
languages? Uh yeah. Oh, like as far as
like sub sub Yeah, sub either subtitles
or voice overs. Like Mr. Beast is doing
like Mr. Beast in Spanish and like
Have you thought about doing that? You
could just repurpose everything.
Yeah. We've talked to a couple. Some of
them are really sketchy. Like they were
really always sketchy the ones. So we
need to find like a legit one because
I've brought it up and I've been like,
well, they do it all for you, but it's
like the messages are sketchy. They want
like your payment info. It's just
I know a legit one. Okay. Yes. All
right, you got to you got to hook it up
after this. Yeah, we could do that for
for our podcast too. Just do everything
in a different language. That'd be so
difficult. Imagine transcribing that. Oh
my god. Yeah, Mr. Beast for the entire
podcast. I think he also, believe it or
not, has like a a company or something
or he has a partnership with a company
that does that as well. Oh, yeah.
I think so. I don't quote me on that,
but yeah. He was talking to Joe Rogan or
something like that about that. I was
just listening to the same pod
Yeah, I think that was it.
to that podcast like 2 days ago, so
podcast. He makes so much money doing
that too. It's like, why didn't other
people do that? But I guess he's kind of
leading the charge there.
that's something I would never even
think of, but now that he's doing it
makes sense. Yeah. It's so easy too. You
like don't do anything. Right. Yeah. So
one of the thing I want to talk about is
it seems like you're a master at getting
on every platform and blowing up on
every platform. What are some of the
strategies or things that you've changed
in your own content creation style that
have like tremendously affected your
your trajectory? Yeah, I mean that some
of them are like kind of basic that you
would expect like I would say obviously
number one and it especially for short
form. I'd say I'm like the master of
short form. Long form I still haven't
mastered completely. We need need look
to you guys on that one, but for short
form,
I mean, if you just watch someone on Tik
Tok, like watch them scroll, you people
say you have 3 seconds to hook someone,
you have like literally 0.2 seconds to
hook someone. Like it needs to be in the
So, on my videos, like cha-ching pops
up, you're like it's like stimulating,
the captions are bouncing on the screen
and moving around. Like I would not use
like auto-generated text, at least for
short form. And I'm going to speak to
Tik Tok as I would to like YouTube
shorts and all that. It's kind of all
the same, but
um essentially, yeah, you got to hook
them like faster than you'd expect. Like
there can't even be any lag time, as
what I call it, between any portions of
the video on any short form. I used to,
when I started out, I think it was cuz
it was a new trend, I had a like more
leeway and and pauses and whatnot, but
now when I shoot videos, like this if
someone just says like um that's chopped
now. It's really like boom boom boom,
like so stimulating. Like we call it
like crack video is what Blake and I
call it. I'm like make it more cracked.
Yeah, and we'll be like, "Okay, this is
cracked now." So, that's how you know a
video is like going to do well is if
it's like crazy stimulating, or you cut
it early. Um and then as far as I just
tell everyone to post on all platforms.
Like people are like, "I'm not on
Facebook because" and I'm like, "Why?"
Like get your same short form video,
post it on shorts, post it on reels,
post it on Snapchat.
Um and then be consistent as well. Like
people say to do that a lot, but I post
every single day or every other day. Um
and I wouldn't have more than like a a
week or so break and you know, maybe
take a break for whatnot, but I'll
schedule stuff in advance, so there
isn't a big gap. Does that worry you
about people's attention spans being
like just turned to mush? Yeah. Yeah.
It's already happening, I think, because
of Tik Tok. I I can't People can barely
sit through long-form videos a lot of
the times now in some circumstances
because they're like, "I need I need
more stimulation."
breed, Jack. Yeah. Seriously, we could
we I I have a feeling we're dying breed.
You know what? Attention spans, I don't
know. I I'm actually extremely bullish
on podcasts, in the the way
you can clip them up. Yeah, that's
exactly No, it's because because
it's like competitors are music because
it's for people that are in the gym,
they're driving to work, or they're
like, you know, traveling. That's when
you listen to podcast, and we're not
competing with YouTube videos or stuff
like that.
away our viewership.
do Yeah, when you're driving, you
literally can't watch something. Like,
you can't watch it. Yeah, so I don't I
don't sit down and watch podcast. The
only time I listen to podcast quite
often, but it's when I'm driving or when
I'm working out. And there's I'm not
going to be scrolling on Tik when I'm
driving.
what would be funny? Yeah, comment
comment if you guys are at the gym right
now watching this. Seriously, just
comment and be like, "Yep, Graham, I'm
at the gym right now." Don't comment if
you're driving.
pull over on the side of the road.
right now and say, "I'm driving right
now." You're right though, right? Cuz I
only listen to podcasts when I'm driving
or on an airplane. So, we're not
competing with like Tik Tok and stuff,
which that that's the reason why I'm
super bullish on podcasts. Yeah, that
makes total sense. Yeah, but here's the
thing is that you know, people are
getting older.
Gen Z is coming up right now. Yeah. And
their attention spans are like a minute,
you know? So, like So, eventually So,
eventually that minute is going to take
over. It's going to be just everything
you watch is going to be like minute,
minute, minute, minute, minute, minute.
Everything. You're going to go on TV or
not even watch TV, but like your your TV
is basically going to be like 3-second
clips. Yeah, it's like Rick and Morty
stuff. Yeah.
Have you seen the videos going over like
the Tik Tok conspiracies of like, you
know, how it how it is here versus like
overseas? Have you seen some of this?
No, I don't think so. Pull me in. Yeah,
apparently Oh, and this is a What, Jack?
I'm going I didn't say anything. Yeah,
go and watch any of the videos that say
like Tik Tok is the most evil app ever.
Now, I I I like listen I'm going with an
open mind, but apparently they show
different content here than they do
elsewhere. Oh, they trying to dumb us
down. Yeah, they trying to dumb us down.
In China, it's like it's like they're
learning about how to create, you know,
structures.
very like very inspirational. stories
and here we get like lip-syncing dances.
It's just like just yeah like nothing.
Muckbangers.
Yeah. They're educating them. It's like
only educational content is like praised
over there. And over here it's like shut
down. Yeah. They're getting very strict
by the way in China about influencers.
They read a story in CNBC. I think it
was last night. It says now influencers
have to have proven qualifications if
they are to talk about certain subjects.
No gurus. No financial gurus anymore. So
if So I would not I would not have a
career there.
But yeah they want you to be licensed
with the proper credentials to be able
to talk about certain topics.
And with that also they said that they
did not want any flashing of luxury
goods, a luxury lifestyle, or anything
that was extravagant or wasteful.
Including by the way wasting food was
something that they specified in that.
Wow. It's very interesting.
by like the government?
Yeah. Wow.
Yeah. And then it was also no live
streaming after 10:00 p.m. Or it's like
no watching live streams until after
until you know after 10:00 p.m.
Something like that.
Have you been on the TikTok live stream?
Yeah. It is like a nightmare. It's way
worse than Snapchat discover page
thumbnails go. It's like you are seeing
the bottom of society essentially. On
purpose though like
it sounds bad. They're literally like it
sounds bad. Basically these people are
like they're doing the weirdest stuff on
purpose just to keep you watching.
Oh do you remember when they used to
have like a bowl of worms and they'd be
like they'd spoon the worms and this is
on the live streams cuz you'd see it and
they'd be like all right I'm going to
eat it and then they'd do that for 30
minutes and they wouldn't eat it. People
like one more donation and I'll eat it
and then people go in and out and they
don't say oh you're not eating it or
some people will. Oh cuz they tune out.
You clicked on it and you're like oh
this guy's just about to take a bite of
these worms. But he just leaves it there
and he would never eat it. And I
remember dude there was this one time
were you on there Jack? How much did you
donate?
when you saw the actual eat when they
Yeah. No, no, no, no, no. I was I was I
was on this one guy's for 20 minutes.
And I I I'm not kidding cuz I was like
getting ready for bed, so I was like
brushing my teeth, you know, do my
thing. And um and he just kept saying he
was going to eat it, but he wasn't. And
he had like lots of viewers. Like 10,000
viewers at the time. And and then all of
a sudden out of nowhere the live ended.
So,
So, he didn't eat the worms. And I
remember I commented on his latest um
This is actually where Right. I
commented on his latest Tik Tok after he
went off of live and I was like I was
like um I said something like like
you're a sham.
Like you'll never find love. No, it was
something like basically I was just like
hating on him, you know, like like I was
like why would you do what you do? Like
you're taking people's attention for
your monetary gain and providing no
value whatsoever. That's Tik Tok though.
I mean, let's be real. Like bottom of
Tik Tok though. Like they're peeling
eggs that go on forever. Sometimes
they're on loops. Oh, the the egg
peeling.
Yeah. Oh my gosh, I Yes, I've watched
that way too much. But anyway, to end
this story, the guy got back to me. Oh,
yeah. He saw the comment and he got back
to me. He was like he was like what did
I do to you?
And I said and I said you know what you
did. And then that was where it ended.
What if he What if he doesn't? What if
he could change his whole What if his
Wi-Fi his entire No, his entire thing
was the worm eating thing.
Chuck, what if his Wi-Fi cut out the
moment he took a bite and he's like, oh
damn. He got cut out. He's just like
innocent. He needs to like change
Yeah. You could talk to him. Maybe yeah,
change him. Yeah. The algorithm yeah. My
issue is that the algorithm I think is
very dangerous and it gets you into this
echo chamber where it'll it could lead
you in a direction where all of a sudden
that's all you get and then it's that's
your only viewpoint. It's just based on
that. And the algorithm is so good at
figuring out what that is that within
like 3 minutes it already knows so much
about you and what to show you. Yeah,
that's why Tik Tok works so well. Like
they I mean, they'll People think just
cuz you like a video that's the only way
to do it, but like they're measuring
watch time, interactions obviously. You
go to the comments more. And that's why
TikTok killed the game. Like their
algorithm I had zero followers when I
first made my account, obviously. And on
YouTube, at least at the time before
shorts existed, if you had zero
subscribers, you wouldn't be able to
just post a long form and it could like
it would wouldn't get any views. Yeah.
But like TikTok killed it at the
beginning because I had one and then it
got shown to like three people or so. I
think probably a certain percentage
liked it, like one or two percent. Then
it just snowballed. And now they're all
doing it as well, but it kind of changed
the game. Like they, you know, like them
or not,
they they definitely changed it all.
So what would you do if someone is
starting off today? Like what would your
advice be to them? I think you need to
try I think you need to find a niche and
it's super important, honestly. Like you
can get viral by doing a lot of like
cool ideas and whatnot, but like you
need to have like your demographic and
like niche of people that come for your
just your type of video. So like mine's
like cars and luxury and whatnot, like
finance, like stuff like that. But um
I'd say like throwing stuff at the wall
until you see something that you're
experimenting with that works. And then
it, you know, just literally doing that
again and again um is the best way to at
least blow up. And then you got to
obviously evolve or people will, you
know, you could just be a trend, but you
got to try a bunch of different ideas
and just keep posting them. Eventually,
maybe something will work. Um and then
you just run with that idea. Um but
hopefully it's not just like a trend.
Like you want to find like a, you know,
some type of video that isn't just like
a trend that will last for a week. Is
there a topic that you want to do that
you haven't done yet?
Uh topic in
Or something that you're not going to
do, but you know it's a good idea. Uh I
mean that one we mentioned earlier, I do
I would like to go out to people in
really bad cars, like really beaten down
cars. Uh so that's definitely one of
them, but that would get me a lot of
flak, I think, with like brands and
whatnot. Um
And then there's some sketches that
we've we've done that, you know, we've
decided are probably not brand friendly.
Because you always got to kind of keep
up, you know, you don't want to be doing
some crazy stuff. But there's some
sketches and stuff that I'd like to do
that are a little off the wall cuz
Like what? My sense of humor is just
like really screwed up. So, like some of
the video ideas I have are just like it
wouldn't fly. I mean, you know, just for
TikTok for example, like hyper violence
like but it's a sketch like where you're
just like I was I was thinking it's
going to be like like only fans sort of
like I thought we were going in that
direction.
no, no, not like obsessed with violence
either but just like sketches where
you're just like doing ridiculous stuff.
You can't have like a gun in a TikTok
video.
a car going like 100 miles an hour like
that.
yes, exactly. Yeah, I get like run over
in a video or something like that. It's
happened. Some guy hit and ran while I
was filming a video one time actually.
Did you post it? No, Was he in a nice
car? He was well, no, I was filming a
video in Miami and I was running in the
road I like risk my life all the time
you know, risk my life. But basically
I'm like if I see a Bugatti I'm weaving
through traffic to go get this thing.
But one car in Miami nicked me basically
was going like 70 past me and just like
completely decided like swerve around me
hit me like just lately on the back but
like if I was this much further back I
would have been like dead. And then they
run their plates cuz we called the
police we're like this guy hit you know,
hit and ran. Turns out it was a stolen
vehicle and this person was like on the
run. So, Wow.
Luckily I didn't you know, actually get
Holy cow. But yeah,
yeah, I'd say to your point some like
stuff like that in the only fans sphere
and stuff like that. We we try to stay
away from it now.
You know, there's only so many only fans
people you can run up to in LA as well.
Or it's kind of like people are tired of
that. Yeah. You have anyone signing a
release?
No, I usually get permission though like
I mean or it's like accepted like once
I'm done I'm like hey man, thanks so
much and they're like after I cut you
know, I'll cut the videos early and
they'll be like oh, no problem like
yeah, and you know, it is kind of an
issue.
film it when they say it's fine. You
should. I have it. Yeah, so I I'll cut
the videos on TikTok
Oh, yeah, yeah. or you know, the short
form you know, crack or what not. But
exactly I feel like someone at some
point could
It's a whole weird thing though like in
public I can film someone. I talked to
my lawyers and they're like yeah, you
can film if you're profiting off of it
it's
you know, Yeah. Do you know about that?
I don't. All it's going to take though
is one viral video with someone who's
like a public figure who is maybe
running from the law or like something
like that or maybe like you're going to
catch them with like a mistress or
something like that in the car. It's
going to go viral and then
That's happened? Yeah. One guy, this is
a short story, one guy in Dallas my
first couple times filming he um he was
getting in a car with some like good
looking woman and he was in a suit. I
got him in a video and on camera he
goes, "You're the guy that uh and then
he just completely changed character and
he's like, "Dude man, like I'll let you
drive my Ferrari. I'll let you do
whatever. Please don't post the video.
I'm not supposed to be here."
Well what and I'm like, "Oh god." And
he's like, "Dude, you can do whatever.
You can drive my car." He's like begging
me and I was like, "Oh gosh, okay. I
won't post the video."
assumed it was because of a mistress?
Yeah, well he was with another woman
next to him. So I mean Come on. You
know. Come on. Come on.
Or he could be in some legal trouble as
well. Maybe, yeah. There could be a
multitude of things on it. I don't think
it has to just be that. I'd say that's a
50/50 on that but it doesn't have to.
Yeah, yeah. But I have a feeling it's
going to be a situation like that where
they don't think anything of it. They
probably don't know who you are and
they're just like, "Oh, it's you know
some some kid is just coming up to me."
It goes viral and they're like, "Well I
didn't consent to that." Yeah.
I would highly recommend if you don't
already have media insurance, do you?
No. Get it.
Media insurance? Immediately.
that do? So what it does is it it it
protects you in the event of a lawsuit
and especially normally I'm like you
never need media insurance but for you
I'd highly recommend it.
Okay. In the event someone sues you for
something um
you will be covered. Oh wow.
yeah, so like I had you know I have one
that I just feel just gives me peace of
mind. It's worth it. It's probably going
to cost you 20 grand a year, 25 grand a
year but I that that is going to pay for
even a lawyer lawyer's retainer like
right off the bat if something were to
happen. With the amount of views that
you're getting
it's probably going to be fine but like
one case
especially with people with money Yeah.
they could afford to basically just
bankrupt you. Okay.
Yeah, just
that you do any damage to them,
uh you know, even unintentional,
they could sue you for damage. Okay.
Even even if they won't win. But we're
like a whole like lawsuit essentially?
You could you could uh select your
tiers. You could be like, I want to be
covered up to 5 million or 10 million or
15 million.
Oh, so you get that much of potential
coverage. Wow.
Okay.
My worry is that you do something to
somebody and they just want to run you
to the ground. Like let's say you caught
someone with a mistress or or you you
catch someone smoking, let's just say,
and like that that bad for their image
and they lose a whole bunch of business.
Um they don't think anything of it,
comes down, they lose a deal, and they
come to you and say, "I'm going to sue
you." Let's just say they have no
grounds to do that, but if they have
money, they could just say, "Well, you
know what? Uh fight me in court." And
and then it's a battle of who has uh
more money. Oh, interesting.
you'll lose to to, you know, These
bottles are like
if you win, then you have to counter
sue, and you have to spend even more
money to get your money back. It's it's
a nightmare. So, I think just be
insured. I think that's media insurance,
okay.
Media insurance.
you're right, Tom. Like that's
something I need.
good peace of mind and it's a write-off.
Hopefully, you'll never need it. Mm,
okay.
But I have the same thing and it's worth
it. It's just peace of mind. That's all.
Okay. What questions do you have for us?
We could we could turn this around if
you want to. If you have any questions
uh for Jack and I. Well, I'm curious
like on I'll go I'll go revenue on you
guys, too, actually. Um how much do you
make, Graham Stephan, for the whole
year? Uh it's this year is going to be
between probably four and six. Oh, okay.
Yeah. Are you investing all that money
in the market right now? Pretty much. Um
I mean, the default is always to save
it. So, it's uh
though? No, not necessarily, cuz I I
like to to keep cash on hand for
opportunities to come up or like if some
if if if there's a good opportunity, it
helps to have the cash on hand. So, are
you buying right now into the like in
the
Oh, absolutely. Yeah, every day. Okay,
every day.
been doing that for
uh over 2 years now. So, just like every
day, I just buy into the market, yeah.
On a regular basis, yeah. So are you at
what point I just want to take a guess
here. What do you And no one can know
obviously, but where do you think the
market's going to bottom out here S&P
500 percentage wise?
I have no clue. I mean everyone's
everyone's calling for like I don't
know, as a guess. Yeah. Man,
it's going to be a coin toss. I mean my
guess I would not be surprised if the
S&P gets to like 3,000 maybe 32 like
somewhere around there. Okay. Wouldn't
be surprised.
I think I think it's possible but I
think it's also possible that inflation
starts coming down and they stop raising
rates as much.
Are you invested too? In generally in
like the You don't want to know about
them. Okay. What is your What is your
portfolio looking like? Like as far as
like assets like
what assets do you
Yeah. Well,
crypto was probably 10% now it's
probably like one.
What were you in? Were you in like some
coins?
No, no it's just like Bitcoin and
Ethereum. It's probably not one anymore
but
the conservative of crypto, yeah.
Jackpotted to 4,000.
My average cost for everything was just
so high. Well, like 55k for like Bitcoin
or something. No, no actually Bitcoin
wasn't that bad. My average cost on
Bitcoin was probably like 40 or like 30.
You know, no it's probably like 30 35.
Kind of similar too, yeah. Yeah, and
then as far as like the the market I
actually had pretty good average cost
before
December because in December I like just
piled everything in. I was like, you
know what? It's the end of the year. I
have like a bunch of change so I just
went all in. Terrible terrible terrible
mistake but we live and learn, you know,
dollar cost averaging is the way to go
apparently. Well, I don't know. I've
I've read about lump sum. That's
supposed to be You get lucky or you
don't. And the thing is for me I put in
so much money in the market between
November and right up to the very first
of the year. Yeah, literally me too. I
was like I have a lot of money now and I
was like here we go very conservative
like S&P 500 like and then like Apple
Google like you know like I wasn't
buying any I bought like if I buy like a
bad stock what I consider to be like a
you know not fancy stock, like Lucid
Motors or something like that. A a bit
of a gamble. It's like a couple
thousand, but I was like, "Oh, I'm good.
S&P." So, I'm not selling, so I know
I'll be fine, but December, me, too.
Yeah, it was literally like the exact
Yeah. I I had literally no money. Yeah.
I had no money but at the That's That's
so funny.
Yeah, it it completely obliterated me.
You You know, we live and we learn.
Yeah. And we'll be fine. And I But I was
also probably a little bit more
speculative than you were. Like I had um
I had a portfolio my Robinhood
portfolio, and I think my principal in
that was like like 20 grand or something
like that. And I brought it all the way
up to 75 cuz I was investing like pretty
early. And uh and then once it hit 75,
it was probably at right around 65,
actually. I just went all in on margin.
Oh. Because like
most of the margin though that I bought
was like it was like Apple stock. It was
like pretty safe margin. It wasn't like
sketchy stuff.
the rate on that for your margin? Like
5%? No, it was probably less. It's
probably I don't know what Robinhood is,
maybe 3 and 1/2 4. Oh, yeah. Yeah, I
don't know what it is. But at the time
that you were borrowing, I think it was
at like 2.9. Okay, same. What's it at
now? Like 9%?
But I got completely obliterated. Like
like that But then again, you know, they
they do the whole margin call thing, you
know, that whole thing happens, but
Yeah, but what are you doing to people
on the phone? No, you weren't.
Margin call? Yeah, yeah. We really?
At Schwab, yeah. You margin call people
all the time. I mean, you notify them,
and it's horrifying for them. It's kind
of sad, but also you're like, "Whoa,
like Yeah. this person's crazy risk bet
that they just did." What do you see
What do you see on that? Like Do you
look at their You obviously see their
investments. Yeah.
Do you see stupid things that they're
going on there? I mean, well, in the
beginning you're kind of just like a
phone slave when you're first starting
out in this program. Um and you know,
but basically you they'd call in and you
get some people on like on the line that
would just be so rude and really rich,
and some of them would have crazy like
90% in one stock. Like they'd be like
have a million-dollar portfolio, and
it's like all in Lucid or like all in
Tesla, which worked out for them maybe
at the time. But a lot of Tesla people
like Mhm. They like a four, you know,
40% of their portfolio is in Tesla and
you're just like, "Whoa, like what are
you doing?" But they're just all doing
it themselves. I don't know. See,
Robinhood did not call me. They just
sent me a little thing, "Oh, you're in a
margin call. We're selling your shares
automatically." So, it wasn't
know what exactly what it was like a um
I know we did like you do notifications
whatnot. Um but you have to be a broker
to actually
call in and like you'd be discussing
directly with them what I was doing cuz
I wasn't I didn't get all my set I
didn't get my seven basically, my series
seven. So, I I literally left right
before I was going to take it. So, like
I'd basically be interacting with people
that would like call in and be like,
"Hey, what's going on with this? Why do
I have a margin call?" And I'd be like,
"Oh, um it's not good, but uh here's a
broker. Do this or whatever until you're
further along in the process."
do you think of Tesla stock? I think
it's overvalued. Like I think it's way
overvalued, but I was tired It's kind of
like Bitcoin. I was tired of just it
going up. I don't see it as like at this
buying point as something that I would
maybe long-term, you know, but I think
it was I knew it was going to correct
and I don't think its correction now is
as far as it could go just based off of
like its market cap for the amount of
that they're selling. It's worth more
than all of the other automakers
Combined.
combined. It's insane. Like it doesn't
matter if you believe that they're going
to do other stuff and I'm sure they're,
you know, they're doing other stuff that
isn't just cars. I know they are, but
like it's still overvalued, I think. So,
I think if it hasn't happened completely
yet, it'll go down still go up, but not
Yeah, when I bought the Roadster, I sold
off a decent chunk of my Tesla stock at
$1,020
a share. Whoa. Wow.
Yeah. Thank I'm so thankful on that.
Oh, wow.
shortly after cuz once you start
selling, you're like, "Oh, sell more."
Uh so, I sold off all but a hundred
grand of my Tesla stock. Oh, wow. Okay.
Well, yeah, that's So, we'll see. We'll
see what happens, but uh What's up?
You're a little swing trader. No, that's
that's not bad. I've held I've held onto
that for three years.
Three or Yeah, three and a half years.
I've held it.
hold. No, no. But, I'm also going to be
selling some losing positions to offset
that, so So not going to owe any tax on
that. But, and then I took the money and
I just put it uh in the S&P and an
international index fund. Okay. Can you
only write off 3,000 in in losses?
No, that's against personal income. So
you could offset uh let's say long-term
capital gains against losses. So let's
just say I make 100 grand in Tesla
stock, but I lost 100 grand in uh let's
just say Coinbase. Mhm. Now, I don't
have to pay any tax because I've used
the gain to offset or I've used the loss
to offset the gain. Now, if I didn't
have any gains to offset, you could
write off up to $3,000 a year against
personal income. Okay. So that yeah, so
if you're W-2, you're making 100 grand,
uh you could write off $3,000 of that.
Okay, got you. Want to make sure I did
that right. Yeah, per year or you spread
it across, but but it doesn't make any
sense to me cuz that number should be
adjusted for inflation and I think it
should be higher. Yeah, for sure. I
mean, what is that useful for at all? I
mean, I guess unless for I don't know,
it depends on your income level, but
like three grand in the in the scheme of
things, like depending on the if you're
doing like a wash sale and stuff like
that, it's just like I don't think I
think they need to make it higher. Some
people are losing big.
I know. Well, thank you so much for
coming on. I really appreciate it. Uh
the one thing I would recommend you do
is uh to get your free stock down below
in the description when you sign up for
Public using the code Graham. It's worth
all the way up to $2,000. And you could
add JLS Selby on Instagram and
point. uh and we can
And Alexander
Wright Nava.
That's it.
Yeah. Thanks, guys. Oh, and subscribe.
Oh,
we have a tier on Patreon. It's $500 a
month. But what that gets is uh twice a
year we're going to be hosting a private
event where this person could come down,
we'll be hosting uh you know, food,
drinks, all the good stuff. They could
come down and just hang with us for the
night and just just chat. Just have a
good time. Hey, uh Rick, you are on the
podcast with uh myself, Graham, Jack,
Daniel Mac, and uh Alex. How's it going?
Hey, doing good. So
So okay, so uh first of all, we just
wanted to call and thank you for the uh
the for the Patreon. We just put this up
and uh Jack was like dude we got
we got someone
you're the first person we got one we
got one and so I
I wanted to personally call and thank
you and see what made you do it yeah I
mean I have
I mean I kind of like messed up
mentioned on the message like
I found you guys probably like the
beginning of this year and I've been and
I have a listener I've listened to
pretty much all your podcast since then
and I just enjoyed the show and was like
hey
why not might as well
Oh my gosh well thank you so much man I
really appreciate it do you want to
shout anything out really quick we'll
give you a free shout out
no
like an Instagram like an Instagram
there's got to be something
no I don't even have an Instagram Rick
tell them to shout me out tell them to
follow me on Instagram Rick we're
excited to meet you in person I I have I
have just started a company working to
cure rare diseases called Everloom Bio
so
also I'll shout that out Oh yeah
man come on man well well here's the
deal this is you have my cell phone
number this is it if there's anything
you need just feel free to shoot a text
I get a lot of texts so if if you don't
get a response back
just just maybe text again but anyway
we're looking forward to meeting you
we'll we'll keep you updated probably in
the next few months on hosting some
event in Las Vegas but I really
appreciate it and are you cool if we
include this in the podcast
all right thank you so much man I really
appreciate it and
you're on the contacts now
all right I'll see you bye
what is cool look at that look at that
that is so cool
so you got something
want to be like Rick meet us in person
get a shout out and also meet Rick cuz
you got You want to meet I want to meet
Rick now. He'll be at the event.
You want to be like Rick. Our Patreon is
down below in the description. Thank you
guys so much for watching and until next
time. We We had the best part at the
very end for the call and stuff.
funny.