00:07

Can I let me ask you a quick question before we wrap up? Getting wealthy,

Can I let me ask you a quick question before we wrap up? Getting wealthy,

00:11

like, we're talking nine figures liquid net worth wealth.

like, we're talking nine figures liquid net worth wealth.

00:15

Getting wealthy,

Getting wealthy,

00:17

is it is it really hard to do it just from cash flow, or do you think you have to sell it sell something, sell a business, sell real estate, sell something, capital gains versus income. You're saying liquid. So not paper. Not not not your paper net worth.

is it is it really hard to do it just from cash flow, or do you think you have to sell it sell something, sell a business, sell real estate, sell something, capital gains versus income. You're saying liquid. So not paper. Not not not your paper net worth.

00:30

Liquid, which includes

Liquid, which includes

00:32

thing things that could be traded in thirty days?

thing things that could be traded in thirty days?

00:36

Very hard.

Very hard.

00:37

Very hard to do just off cash flow. I I believe.

Very hard to do just off cash flow. I I believe.

00:41

I think, you know,

I think, you know,

00:43

it's just much slower. Right? Because you can I mean, just look at the basics? Right? Like,

it's just much slower. Right? Because you can I mean, just look at the basics? Right? Like,

00:48

When you sell something, you're gonna sell it for some multiple

When you sell something, you're gonna sell it for some multiple

00:51

of the free cash flow that it's gonna generate for you. Right? And

of the free cash flow that it's gonna generate for you. Right? And

00:54

So so just by definition, right, ten or twenty years where Sometimes it's five x, sometimes it's ten x, sometimes it's twenty x, sometimes it's three x, whatever. There's different multiples for different industries, but, like, fundamentally, it's a multiple, which is a multiplier on how fast you're gonna get the money, the value

So so just by definition, right, ten or twenty years where Sometimes it's five x, sometimes it's ten x, sometimes it's twenty x, sometimes it's three x, whatever. There's different multiples for different industries, but, like, fundamentally, it's a multiple, which is a multiplier on how fast you're gonna get the money, the value

01:09

out. So let's say to get to a hundred million,

out. So let's say to get to a hundred million,

01:12

whatever number of years that would take, you then have to divide that by five, and that's, like, how fast at minimum you could have got there just selling the the asset.

whatever number of years that would take, you then have to divide that by five, and that's, like, how fast at minimum you could have got there just selling the the asset.

01:21

And get it and taking the five x multiple. Right? So so, you know, of course, you can get there, but

And get it and taking the five x multiple. Right? So so, you know, of course, you can get there, but

01:27

do I know ways you can get there with the same speed? I don't think so. Because even those are, like, I take the cash flow. I invest it in the thing, and then that thing grows faster. And, like, I can sell my stake in that. So, you know, because it's, like, you you have a choice. So you could spend your time, you know, you could spend, your time building a service or some type of business where you can make significant cash flow to three million dollars a year, not work that much. But it's not necessarily an asset that could be sold. So there's a a few businesses like this or it could just be like

do I know ways you can get there with the same speed? I don't think so. Because even those are, like, I take the cash flow. I invest it in the thing, and then that thing grows faster. And, like, I can sell my stake in that. So, you know, because it's, like, you you have a choice. So you could spend your time, you know, you could spend, your time building a service or some type of business where you can make significant cash flow to three million dollars a year, not work that much. But it's not necessarily an asset that could be sold. So there's a a few businesses like this or it could just be like

01:59

the way that this podcast gets paid, like, it's not like a particularly maybe, but maybe the podcast is not a good example, but it's not you know what I mean, not necessarily an asset. Like, you're maven course. Your maven course is not an asset that could be sold. Yeah. But it could potentially make many millions of dollars a year versus you just say, you know what? Screw it. I'm not doing that because I have to build a business that could sell.

the way that this podcast gets paid, like, it's not like a particularly maybe, but maybe the podcast is not a good example, but it's not you know what I mean, not necessarily an asset. Like, you're maven course. Your maven course is not an asset that could be sold. Yeah. But it could potentially make many millions of dollars a year versus you just say, you know what? Screw it. I'm not doing that because I have to build a business that could sell.

02:20

So do you prefer do you think cash flow or or or or an entity an asset that is independent of you and can be sold?

So do you prefer do you think cash flow or or or or an entity an asset that is independent of you and can be sold?

02:32

I don't know. I don't think do I prefer is really the right way to think about it. It's like you need both. Right? Like, for example,

I don't know. I don't think do I prefer is really the right way to think about it. It's like you need both. Right? Like, for example,

02:40

I you need both for two reasons. One is maybe you're gonna use the cash flow to invest. Right? Maybe what you're gonna do is you're gonna buy great assets and let them compound over time. Well, where you're gonna get flow to begin with. Right? When we had Andrew on it last week, he's like, I I took the cash flow from the design agency of Metalab,

I you need both for two reasons. One is maybe you're gonna use the cash flow to invest. Right? Maybe what you're gonna do is you're gonna buy great assets and let them compound over time. Well, where you're gonna get flow to begin with. Right? When we had Andrew on it last week, he's like, I I took the cash flow from the design agency of Metalab,

02:55

I used it to buy

I used it to buy

02:57

majority stakes and all these other businesses,

majority stakes and all these other businesses,

03:00

and then let those compound over ten years and like, boom, you know, so he reached, you know, that goal and more.

and then let those compound over ten years and like, boom, you know, so he reached, you know, that goal and more.

03:05

Doing that.

Doing that.

03:07

And so you, you know, maybe you need the cash flow to make those investments. Right? Like, if you if you don't have no cash flow, how are you gonna invest in anything? And secondly,

And so you, you know, maybe you need the cash flow to make those investments. Right? Like, if you if you don't have no cash flow, how are you gonna invest in anything? And secondly,

03:15

I like to live a good lifestyle. So sometimes, casual businesses are great because it's like, yeah, I sure. Compounding is awesome.

I like to live a good lifestyle. So sometimes, casual businesses are great because it's like, yeah, I sure. Compounding is awesome.

03:22

But so is, you know, like, fucking, I don't know, Gucci shoes or whatever. I choose your choose your thing you're into. Like, yeah, Gucci shoes, like, Sometimes those are better than like this. Yeah. Do twenty year old asset.

But so is, you know, like, fucking, I don't know, Gucci shoes or whatever. I choose your choose your thing you're into. Like, yeah, Gucci shoes, like, Sometimes those are better than like this. Yeah. Do twenty year old asset.

03:34

Whenever I hear Buffet talk about the long term and, like, patience, I'm like,

Whenever I hear Buffet talk about the long term and, like, patience, I'm like,

03:38

bit you're, like, ninety five. Like, there is no long term. There you don't have pay. You you shouldn't have patience anymore. You should have, like, you should immediately spend whatever you wanna spend. There is no such thing as a long term do for you. Sam

bit you're, like, ninety five. Like, there is no long term. There you don't have pay. You you shouldn't have patience anymore. You should have, like, you should immediately spend whatever you wanna spend. There is no such thing as a long term do for you. Sam

03:51

Parr.

Parr.

03:52

Let's see, like, down the headline. Sampar Collett,

Let's see, like, down the headline. Sampar Collett,

03:55

to Warren Buffett.

to Warren Buffett.

03:57

Bitch, you're ninety five. There is no long term.

Bitch, you're ninety five. There is no long term.

04:01

Alright. Think about He needs to pivot his strategy.

Alright. Think about He needs to pivot his strategy.

04:05

Well, I'm just like, you know, like, if you wanna do extemics, you have to be fine. But, like, in Bezos talks about those too. It's like a long time, like, I mean, you don't really who cares?

Well, I'm just like, you know, like, if you wanna do extemics, you have to be fine. But, like, in Bezos talks about those too. It's like a long time, like, I mean, you don't really who cares?

04:14

Like, you know, just live life how you wanna live. You got it. Yeah. And so I've always it's like, why are you delaying? It always it always pisses me off. I'm like, Why are you delaying to have the best time of your of your life when you're, like, old and don't even wanna do shit? Like, you you don't have to do that anymore.

Like, you know, just live life how you wanna live. You got it. Yeah. And so I've always it's like, why are you delaying? It always it always pisses me off. I'm like, Why are you delaying to have the best time of your of your life when you're, like, old and don't even wanna do shit? Like, you you don't have to do that anymore.

04:30

Yeah. Yeah. For sure. And, you know, some some people are happy along the way. That's that's fine. But, like,

Yeah. Yeah. For sure. And, you know, some some people are happy along the way. That's that's fine. But, like,

04:36

but, yeah, I feel like you had it I feel like you asked me this question because you had an opinion or a story. So let's just skip that part because I think you have a good opinion or story on this. I don't have a no. I don't have an opinion yet, but I'm like, with my life now, it's like I can I I think that it

but, yeah, I feel like you had it I feel like you asked me this question because you had an opinion or a story. So let's just skip that part because I think you have a good opinion or story on this. I don't have a no. I don't have an opinion yet, but I'm like, with my life now, it's like I can I I think that it

04:52

I think in six to

I think in six to

04:54

And, I think in a matter of six months, I could probably create a business from scratch that does a million dollars a year in profit? It would be based off of, like, my image I'm not saying I have that. I'm just saying, like, I I'm sure I could do that plus with, like, a couple other side projects. I think I could very

And, I think in a matter of six months, I could probably create a business from scratch that does a million dollars a year in profit? It would be based off of, like, my image I'm not saying I have that. I'm just saying, like, I I'm sure I could do that plus with, like, a couple other side projects. I think I could very

05:09

realistically have two or three million dollars a year in cash flow.

realistically have two or three million dollars a year in cash flow.

05:12

Easily. But very but, yeah, easy. And maybe I do already have that. I'm not I don't even wanna say I do or do not, but I

Easily. But very but, yeah, easy. And maybe I do already have that. I'm not I don't even wanna say I do or do not, but I

05:20

But, like, if you did, that would have been a weird way to say it. It would have been a weird hypothetical, but okay. Let's continue on.

But, like, if you did, that would have been a weird way to say it. It would have been a weird hypothetical, but okay. Let's continue on.

05:27

I've got some cool shit going on, I'll say. But and I'm thinking about where I spend my time. And I'm like, is it actually worth it? Like, or should you just not care about cash flow and build something that's, like, much bigger that you could sell. I don't know. I'm just trying to figure out, like, where do you actually spend time? The real answer is what gives you most joy. Yeah. Exactly. And and, like,

I've got some cool shit going on, I'll say. But and I'm thinking about where I spend my time. And I'm like, is it actually worth it? Like, or should you just not care about cash flow and build something that's, like, much bigger that you could sell. I don't know. I'm just trying to figure out, like, where do you actually spend time? The real answer is what gives you most joy. Yeah. Exactly. And and, like,

05:46

whether

whether

05:47

you don't work backwards from do I want cash flow or do I want long term, you know, capital gains. That's not like the starting point of a decision.

you don't work backwards from do I want cash flow or do I want long term, you know, capital gains. That's not like the starting point of a decision.

05:54

You kinda just need to make sure you're winning in one way or the other.

You kinda just need to make sure you're winning in one way or the other.

05:58

Don't be weak in either area or, like, don't be weak in both. Basically is, like, the way to do it. Like, for example, you could buy a home in San Francisco. You're gonna have terrible income from that property. It's not a good income property because in most places, San Francisco, your rent, the rent you could charge somebody is not gonna

Don't be weak in either area or, like, don't be weak in both. Basically is, like, the way to do it. Like, for example, you could buy a home in San Francisco. You're gonna have terrible income from that property. It's not a good income property because in most places, San Francisco, your rent, the rent you could charge somebody is not gonna

06:15

outpay the mortgage plus Yeah. It's in, I guess, three percent cap cap cap But you can go buy, you know, some home and whatever, you know, Houston or something like that. It can cash flow, thousand dollars, two thousand dollars a month, and it's good income property. But it's, you know, gonna appreciate super fucking slow. Whereas the the San Francisco home,

outpay the mortgage plus Yeah. It's in, I guess, three percent cap cap cap But you can go buy, you know, some home and whatever, you know, Houston or something like that. It can cash flow, thousand dollars, two thousand dollars a month, and it's good income property. But it's, you know, gonna appreciate super fucking slow. Whereas the the San Francisco home,

06:32

you know, in ten years is gonna have, you know, whatever more than doubled in in value

you know, in ten years is gonna have, you know, whatever more than doubled in in value

06:38

And so, you know, it's a there's appreciation properties and income properties. Same thing. Like, I think you just do whatever gives you the kind of whatever's Whatever gives you juice today, and you think might give you juice going forward, and then you gotta say, alright. Before I do this, I gotta make sure it's gonna be strong in either one of these. Either it's gotta be awesome for cash flow. Or it's gotta be awesome for for, appreciation.

And so, you know, it's a there's appreciation properties and income properties. Same thing. Like, I think you just do whatever gives you the kind of whatever's Whatever gives you juice today, and you think might give you juice going forward, and then you gotta say, alright. Before I do this, I gotta make sure it's gonna be strong in either one of these. Either it's gotta be awesome for cash flow. Or it's gotta be awesome for for, appreciation.

06:57

And if it's awesome for cash flow, basically, I'm just gonna use the cash flow to buy assets that are gonna appreciate what somebody else doing the work instead of me doing the work. It's cut you kinda end up at the same point either way.

And if it's awesome for cash flow, basically, I'm just gonna use the cash flow to buy assets that are gonna appreciate what somebody else doing the work instead of me doing the work. It's cut you kinda end up at the same point either way.

07:08

Don't know. I've just been thinking about, like, how to spend time. You know who's killing it and has done a really good job of, like, putting off making cash is

Don't know. I've just been thinking about, like, how to spend time. You know who's killing it and has done a really good job of, like, putting off making cash is

07:17

our friend Nick Huber.

our friend Nick Huber.

07:19

I am an investor, and so I get to see some of the numbers of his storage deals.

I am an investor, and so I get to see some of the numbers of his storage deals.

07:24

I don't think he crushed it, like, in terms of personal cash flow for a long time, but, like, the way that things have compounded I'm like, oh, holy moly. If you just eat shit for, like, six, seven years to pick the right asset, things look really cool.

I don't think he crushed it, like, in terms of personal cash flow for a long time, but, like, the way that things have compounded I'm like, oh, holy moly. If you just eat shit for, like, six, seven years to pick the right asset, things look really cool.

07:38

Yeah. I think he's done great. And also, I think he is, like, a I think he personally has great terms for with his investors, meaning, like, I think it's favorable to him. Yeah. Incredibly. Not a bad way, but, like, he makes sure he gets to

Yeah. I think he's done great. And also, I think he is, like, a I think he personally has great terms for with his investors, meaning, like, I think it's favorable to him. Yeah. Incredibly. Not a bad way, but, like, he makes sure he gets to

07:52

right? Whereas at the beginning, if you have no capital, you're like, you know, you sort of make a deal with the devil in a way where you're like, alright, I'm gonna take no management fees, no acquisition fees, and a low carry. And then now he's like, look, I'm good, and I know it. So I'm gonna take a higher fee, higher higher acquisition fee, and I'm gonna

right? Whereas at the beginning, if you have no capital, you're like, you know, you sort of make a deal with the devil in a way where you're like, alright, I'm gonna take no management fees, no acquisition fees, and a low carry. And then now he's like, look, I'm good, and I know it. So I'm gonna take a higher fee, higher higher acquisition fee, and I'm gonna

08:06

take, you know, my my healthy carry.

take, you know, my my healthy carry.

08:09

You know, you know, good on him. I think a lot of people in real estate are able to do that pretty well. I know somebody's crushing it in real estate, and they

You know, you know, good on him. I think a lot of people in real estate are able to do that pretty well. I know somebody's crushing it in real estate, and they

08:16

they do just that. They they have like a, you know, fifty percent carry on the deal or something something crazy. And they're like, yeah, because

they do just that. They they have like a, you know, fifty percent carry on the deal or something something crazy. And they're like, yeah, because

08:24

my deals are awesome. And I win. So, like, it doesn't make sense for me to do this at any less than that. And I'm like, there's this, That that's, like, next level winning.

my deals are awesome. And I win. So, like, it doesn't make sense for me to do this at any less than that. And I'm like, there's this, That that's, like, next level winning.

08:35

Alright. And then I forgot to tell you this, but this is the most important thing. I can't believe we didn't talk about this earlier, to be honest with you. Because if you're listening to this and you like what you're hearing right now, and you haven't gone and subscribed to the my first million podcasts wherever you can get your podcasts,

Alright. And then I forgot to tell you this, but this is the most important thing. I can't believe we didn't talk about this earlier, to be honest with you. Because if you're listening to this and you like what you're hearing right now, and you haven't gone and subscribed to the my first million podcasts wherever you can get your podcasts,

08:49

then that's the thing you gotta do. There's nothing more important than doing that right now. And don't do it because I said to do it. Do it because you want it to. Do it because that's who you are.

then that's the thing you gotta do. There's nothing more important than doing that right now. And don't do it because I said to do it. Do it because you want it to. Do it because that's who you are.

08:59

There's this awesome, you know, who Foo fighters are? You know, Dave Groll Dave Girls, the lead singer, two fighters. Yeah. And they've been writing hits forever. And before that, he was the drummer in Nirvana. So he's, like, just wrote hit after hit for a long time. And someone asked him about, he's like,

There's this awesome, you know, who Foo fighters are? You know, Dave Groll Dave Girls, the lead singer, two fighters. Yeah. And they've been writing hits forever. And before that, he was the drummer in Nirvana. So he's, like, just wrote hit after hit for a long time. And someone asked him about, he's like,

09:15

you know, you write hits and and what's your process and, like,

you know, you write hits and and what's your process and, like,

09:18

a a a fan was asking about old music and he and but and he stopped me. He goes, wait a minute. Let me cut you off here. He goes, I don't write deep cuts.

a a a fan was asking about old music and he and but and he stopped me. He goes, wait a minute. Let me cut you off here. He goes, I don't write deep cuts.

09:26

I write hits.

I write hits.

09:27

And he would just, like, he's like, everything I write, I write it to be a hit. Sometimes it is. Sometimes it isn't, but it is it's all meant to be. And that's, like, your real estate friends. He's, like, I write hits. That's why he gets that fifty percent carry.

And he would just, like, he's like, everything I write, I write it to be a hit. Sometimes it is. Sometimes it isn't, but it is it's all meant to be. And that's, like, your real estate friends. He's, like, I write hits. That's why he gets that fifty percent carry.

09:41

Exactly. Exactly.

Exactly. Exactly.

09:43

In respect, I I respect somebody who's, like, I'm playing the game.

In respect, I I respect somebody who's, like, I'm playing the game.

09:48

And I play to win the game, you know, I'm not playing something else. I'm not gonna tell you I'm not playing the game. I am playing the game and I'm playing to win. It's actually, like,

And I play to win the game, you know, I'm not playing something else. I'm not gonna tell you I'm not playing the game. I am playing the game and I'm playing to win. It's actually, like,

09:58

I really respect people who just clearly play the game and they're, like, open about it and they're, like, yeah, I play the game. I'm playing to win, and here's, you know, like, Good. If you if you dislike the game or dislike me, that is your your choice. And I actually dislike people that heard the, like,

I really respect people who just clearly play the game and they're, like, open about it and they're, like, yeah, I play the game. I'm playing to win, and here's, you know, like, Good. If you if you dislike the game or dislike me, that is your your choice. And I actually dislike people that heard the, like,

10:11

virtual signal types where it's, like, they are playing the game, but they'll do anything in their power to, like, make it look like they're not playing the game. And there's a lot of that. Like, in Silicon Valley, there's a lot of that. Here's how that plays out that I see.

virtual signal types where it's, like, they are playing the game, but they'll do anything in their power to, like, make it look like they're not playing the game. And there's a lot of that. Like, in Silicon Valley, there's a lot of that. Here's how that plays out that I see.

10:25

person starts the company,

person starts the company,

10:28

bullshit's about, like, why they're doing the company or why this problem is the problem. They

bullshit's about, like, why they're doing the company or why this problem is the problem. They

10:32

decide to spend their life on technology. You're,

decide to spend their life on technology. You're,

10:36

you're doing this because

you're doing this because

10:38

it's good business, not because you really wanted to help you know, small to medium size enterprise businesses, save money on whatever. Right? Like, that wasn't your actual intention. You probably like that that you have happy customers and that they're good, you know, you're helping them. But, like, let's be real.

it's good business, not because you really wanted to help you know, small to medium size enterprise businesses, save money on whatever. Right? Like, that wasn't your actual intention. You probably like that that you have happy customers and that they're good, you know, you're helping them. But, like, let's be real.

10:54

If I take away the money, you'd stop cloud

If I take away the money, you'd stop cloud

10:57

Have you ever seen on talking about the worst saving the world one

Have you ever seen on talking about the worst saving the world one

11:00

cloud processor at a time or simple shit?

cloud processor at a time or simple shit?

11:05

It's like Yeah. So And then they're like, they're like, at the they're like,

It's like Yeah. So And then they're like, they're like, at the they're like,

11:09

there's someone who calls them out. They're like, dude, this is all a rich guy. Like, kid rock just was the the singer for the for the for the show, and he's the poorest guy here.

there's someone who calls them out. They're like, dude, this is all a rich guy. Like, kid rock just was the the singer for the for the for the show, and he's the poorest guy here.

11:18

Yeah. Exactly.

Yeah. Exactly.

11:19

And so so I think it's Silicon Valley. You see that you'll also see that with the origin story about, like, you know, why they decided to do this. You're like, oh, are you sure you decided to do this? Because, you know, your cousin got diagnosed with this you know, rare thing, and that's why. Or or was it that you ran paid ads at five different products, and this was the one with the highest click through rate? Because I'm pretty sure when I was talking to you, it was this was the highest click through rate. Alright. Cool. That's my company. Right? Like, there's a lot of that. So the other one is Okay. The guy who started Dollar Shave Club,

And so so I think it's Silicon Valley. You see that you'll also see that with the origin story about, like, you know, why they decided to do this. You're like, oh, are you sure you decided to do this? Because, you know, your cousin got diagnosed with this you know, rare thing, and that's why. Or or was it that you ran paid ads at five different products, and this was the one with the highest click through rate? Because I'm pretty sure when I was talking to you, it was this was the highest click through rate. Alright. Cool. That's my company. Right? Like, there's a lot of that. So the other one is Okay. The guy who started Dollar Shave Club,

11:49

I saw an interview with him. And some of the times, he's like, I started Dollar Shave Club because I was just sick of going to Walgreens, and I had to ask them to, like, open up the razors. And then another interview who was, like, he's, like, man, my father-in-law is, like, crazy. And he likes just to buy random stuff. And one time he bought a shipping container full of cheap razors, and we just had to figure out a way how to sell them all.

I saw an interview with him. And some of the times, he's like, I started Dollar Shave Club because I was just sick of going to Walgreens, and I had to ask them to, like, open up the razors. And then another interview who was, like, he's, like, man, my father-in-law is, like, crazy. And he likes just to buy random stuff. And one time he bought a shipping container full of cheap razors, and we just had to figure out a way how to sell them all.

12:09

Yeah. Exactly. And that's why we did it. Exactly.

Yeah. Exactly. And that's why we did it. Exactly.

12:12

And, you know, I'm in the two percent of the population. I think you are too, where we're like, oh, sweet respect for trying to flip storage container and then realizing there's a business there. Versus like, you know, I, the the the kind of, like, the shark tank version of the story, which was like, we were just so fed up with our options. Right? And, like, I get, again, I get it. I've done that.

And, you know, I'm in the two percent of the population. I think you are too, where we're like, oh, sweet respect for trying to flip storage container and then realizing there's a business there. Versus like, you know, I, the the the kind of, like, the shark tank version of the story, which was like, we were just so fed up with our options. Right? And, like, I get, again, I get it. I've done that.

12:33

I might do that again,

I might do that again,

12:35

but I am a little bit disgusted by it. Yes.

but I am a little bit disgusted by it. Yes.

12:38

Same thing with

Same thing with

12:39

same thing with I'll do that. We usually when I have business partners, not when it's my own business.

same thing with I'll do that. We usually when I have business partners, not when it's my own business.

12:44

Like, when when I'm when I'm the only when I get to just be a cowboy, own. I'll just do what I want. I'm like, yeah, I don't care if this is bad for the business. It's fine. The the other day, I ate a I ate an entire jar in one sitting of peanut butter from it was the Jiffy cheap shit. And I just felt so bad about myself, but I didn't regret it. And that's kinda like how you feel. But I wanted to do her stuff with my friend.

Like, when when I'm when I'm the only when I get to just be a cowboy, own. I'll just do what I want. I'm like, yeah, I don't care if this is bad for the business. It's fine. The the other day, I ate a I ate an entire jar in one sitting of peanut butter from it was the Jiffy cheap shit. And I just felt so bad about myself, but I didn't regret it. And that's kinda like how you feel. But I wanted to do her stuff with my friend.

13:03

Mission statements are like a a part of Betty Jerry's like, if it feels good doing it and you may not regret it, but but

Mission statements are like a a part of Betty Jerry's like, if it feels good doing it and you may not regret it, but but

13:10

you feel guilty about yourself.

you feel guilty about yourself.

13:13

The the other version of this is, like, people who on Twitter are, like,

The the other version of this is, like, people who on Twitter are, like,

13:18

they call us as, like, shit posters or they're, like, you know, they basically

they call us as, like, shit posters or they're, like, you know, they basically

13:21

They basically try to signal, like, you know, I'm not gonna just

They basically try to signal, like, you know, I'm not gonna just

13:25

I'm not one of those investors who blogs about content and tries to Yeah. I'm a cool man. I'll tell you the real deal. And I'll I'll make jokes, blah blah blah. It's like, they're the ones trying to carefully curate brand more than anyone. If you actually meet these people, they're like so conscious about their brand,

I'm not one of those investors who blogs about content and tries to Yeah. I'm a cool man. I'll tell you the real deal. And I'll I'll make jokes, blah blah blah. It's like, they're the ones trying to carefully curate brand more than anyone. If you actually meet these people, they're like so conscious about their brand,

13:42

and, like, you know, how how how many followers they're getting and, like, how viral their stuff is going and, like, they are, you know, like, they're

and, like, you know, how how how many followers they're getting and, like, how viral their stuff is going and, like, they are, you know, like, they're

13:52

they are so meticulous about that stuff while trying to give off their appearance. It's like Bedhead. Right? It's like, oh, no. I just woke up like this. It's like, oh, are you sure you don't use a product called Bedhead that, like, you know, like, makes it look slightly messy, but, like, you know, you're actually caring where every strand of hair goes. And so, you know, I have more respect for, like,

they are so meticulous about that stuff while trying to give off their appearance. It's like Bedhead. Right? It's like, oh, no. I just woke up like this. It's like, oh, are you sure you don't use a product called Bedhead that, like, you know, like, makes it look slightly messy, but, like, you know, you're actually caring where every strand of hair goes. And so, you know, I have more respect for, like,

14:11

People were like, yeah, like, you know, like, pump or Sahel or where they're like, yeah, like, people really like to hear about Bitcoin. So I just tweet Bitcoin shell all the time. It's great. Like, I like Bitcoin and they like Bitcoin. So I'll just tweet, like, I'll just set up a calendar. I'll be like, yeah, I'm gonna tweet Bitcoin stuff because I figured if I get a big Bitcoin following, that'll be really, really good for

People were like, yeah, like, you know, like, pump or Sahel or where they're like, yeah, like, people really like to hear about Bitcoin. So I just tweet Bitcoin shell all the time. It's great. Like, I like Bitcoin and they like Bitcoin. So I'll just tweet, like, I'll just set up a calendar. I'll be like, yeah, I'm gonna tweet Bitcoin stuff because I figured if I get a big Bitcoin following, that'll be really, really good for

14:27

or, like, you know, Salos, like, yeah, I put it I put out these threads,

or, like, you know, Salos, like, yeah, I put it I put out these threads,

14:31

about these, like, finance topics because I think I'm good at it and they go viral, and then it gives me all these dope connections.

about these, like, finance topics because I think I'm good at it and they go viral, and then it gives me all these dope connections.

14:36

Versus, like, you know, I just want, like, I feel that knowledge is,

Versus, like, you know, I just want, like, I feel that knowledge is,

14:40

you know, knowledge needs to be accessible for all and free. And that's why I need the democratized knowledge.

you know, knowledge needs to be accessible for all and free. And that's why I need the democratized knowledge.

14:46

Yeah. I wanna democratize financial knowledge. Like, I used to work on Wall Street and the insiders know things that the the rest of us don't. So I quit my job and started writing Twitter threads about finance.

Yeah. I wanna democratize financial knowledge. Like, I used to work on Wall Street and the insiders know things that the the rest of us don't. So I quit my job and started writing Twitter threads about finance.

14:55

To democratize finance. It's like, no.

To democratize finance. It's like, no.

14:58

No. No. No. No. You you didn't do any of that. You wanted followers,

No. No. No. No. You you didn't do any of that. You wanted followers,

15:02

and so you did what took to get followers. Have you noticed how the word democratize is the new disrupt?

and so you did what took to get followers. Have you noticed how the word democratize is the new disrupt?

15:09

The democratizes,

The democratizes,

15:10

like, you know, what is democratized?

like, you know, what is democratized?

15:13

It's the new Democratizes

It's the new Democratizes

15:14

the new, like,

the new, like,

15:17

no offense,

no offense,

15:20

that's a democratize.

that's a democratize.

15:22

Democratize, like, I'm about to fool you. This is good for me and not good for you, but I'm gonna fool you by saying I'm democratizing something for you, buy my service, buy my product.

Democratize, like, I'm about to fool you. This is good for me and not good for you, but I'm gonna fool you by saying I'm democratizing something for you, buy my service, buy my product.

15:31

Yeah. By the way, I I do all the I do all this myself. Like, I, again, I know it. I spot it because I got it. Alright. I've done all this before with my e commerce brand. I've done the origin story thing. With, my fund, I do this too. Like, my fund is called the All Access Fund because I wanted to give access to every to access to all to be able to invest in the deals I do.

Yeah. By the way, I I do all the I do all this myself. Like, I, again, I know it. I spot it because I got it. Alright. I've done all this before with my e commerce brand. I've done the origin story thing. With, my fund, I do this too. Like, my fund is called the All Access Fund because I wanted to give access to every to access to all to be able to invest in the deals I do.

15:49

Do I feel good that other people get access to good Silicon Valley deals? Yeah. Sure. Is that why I did the fund? Fuck, no. That's not why I did the fund. Right? I did the fund because I was writing checks And I wanted to write bigger checks and more checks into more companies and more and that was more than my personal bankroll would allow. So I raised money from other people to do that. And I get, you know, like and so now I get to write more checks into more awesome companies. That's why I raised the fun, not because I wanted to democratize access to, like, you know, Angel investing.

Do I feel good that other people get access to good Silicon Valley deals? Yeah. Sure. Is that why I did the fund? Fuck, no. That's not why I did the fund. Right? I did the fund because I was writing checks And I wanted to write bigger checks and more checks into more companies and more and that was more than my personal bankroll would allow. So I raised money from other people to do that. And I get, you know, like and so now I get to write more checks into more awesome companies. That's why I raised the fun, not because I wanted to democratize access to, like, you know, Angel investing.

16:16

For, like, you know, uh-uh,

For, like, you know, uh-uh,

16:18

a middle school teacher in, Tennessee.

a middle school teacher in, Tennessee.

16:21

I can't stand to democratize it, but we're gonna the marker cut democratize this by only charging you fifty thousand dollars for this piece of clothing instead of. I'm like, I I've seen people like, we're democratized knowledge and it's like a five thousand dollar course. I'm like,

I can't stand to democratize it, but we're gonna the marker cut democratize this by only charging you fifty thousand dollars for this piece of clothing instead of. I'm like, I I've seen people like, we're democratized knowledge and it's like a five thousand dollar course. I'm like,

16:35

not really dude.

not really dude.

16:39

You could democratize these nuts.

You could democratize these nuts.

16:45

What do you think then? Was today,

What do you think then? Was today,

16:48

were we with it or what?

were we with it or what?

16:50

I thought today was a hit. I thought today was a huge hit. This is,

I thought today was a hit. I thought today was a huge hit. This is,

16:54

yeah, other than, like, the Steph Smith episodes or Rob Dyrdick. This is, this is a plus territory.

yeah, other than, like, the Steph Smith episodes or Rob Dyrdick. This is, this is a plus territory.

16:59

Great. Are we gonna have to cut out my, democratize these nuts?

Great. Are we gonna have to cut out my, democratize these nuts?

17:10

And then we'll so we we have to plan the MFM summit.

And then we'll so we we have to plan the MFM summit.

17:14

I agree that making a destination is cool. I have a thing that I

I agree that making a destination is cool. I have a thing that I

17:17

Oh, you're gonna have to bleep bleep out what I'm about to say, but I know the thing. I know the thing. Yeah. Yeah. I got the guy. I got a really, like, famous house that person might be in hosting us. I don't know if that But that's just gonna be a dinner. Right? Like, that's gonna be, like, an hour. We we we might be able to do a proper thing there, but I don't know if the logistics are gonna work out. So I think, but But I think that we could do, like, something outrageous. You know, we have to think about what outrageous means, but I do think we could have something outrageous. I think a cruise ship I, like, it that that's a that's not a bad idea, a cruise ship or, like, some type of famous venue or, fuck. We could just go to Hawaii

Oh, you're gonna have to bleep bleep out what I'm about to say, but I know the thing. I know the thing. Yeah. Yeah. I got the guy. I got a really, like, famous house that person might be in hosting us. I don't know if that But that's just gonna be a dinner. Right? Like, that's gonna be, like, an hour. We we we might be able to do a proper thing there, but I don't know if the logistics are gonna work out. So I think, but But I think that we could do, like, something outrageous. You know, we have to think about what outrageous means, but I do think we could have something outrageous. I think a cruise ship I, like, it that that's a that's not a bad idea, a cruise ship or, like, some type of famous venue or, fuck. We could just go to Hawaii

17:51

still, like, in the beach in Hawaii, we can figure something out. But we do need to do, I guess, some of it. Fly out. Like, if people are gonna have to travel for it, I think to get the value again, the this easiest hack is first make it a couple days where people get to hang and meet each other. So do it make it like a two day thing. And then and then secondly,

still, like, in the beach in Hawaii, we can figure something out. But we do need to do, I guess, some of it. Fly out. Like, if people are gonna have to travel for it, I think to get the value again, the this easiest hack is first make it a couple days where people get to hang and meet each other. So do it make it like a two day thing. And then and then secondly,

18:11

just make it already fun if it was just a vacation if there was no content on top. But it's like, then you combine

just make it already fun if it was just a vacation if there was no content on top. But it's like, then you combine

18:17

some content

some content

18:19

getting to meet us and getting to meet other people in the community

getting to meet us and getting to meet other people in the community

18:22

plus already was a good, like, kind of vacation type experience.

plus already was a good, like, kind of vacation type experience.

18:26

Then that's cool. Right? And, like, I don't know. Let's do, like, bring a fitness component, bring a, like, let's bring all the components of the stuff we talk about, where there's, like, you know, experiences beyond sitting down and listening to people talk. It's like, why not do a group workout or, like, let's get an MMA guy to, like, you know, take us through a set, like, people through a session or something. I don't know. Like, something like that.

Then that's cool. Right? And, like, I don't know. Let's do, like, bring a fitness component, bring a, like, let's bring all the components of the stuff we talk about, where there's, like, you know, experiences beyond sitting down and listening to people talk. It's like, why not do a group workout or, like, let's get an MMA guy to, like, you know, take us through a set, like, people through a session or something. I don't know. Like, something like that.

18:47

Down. Alright. Let's schedule it. I I do do you like that five hundred dollar price mark? Price point.

Down. Alright. Let's schedule it. I I do do you like that five hundred dollar price mark? Price point.

18:54

This I mean, we should do this as an NFT. No doubt. We should make this an NFT and then only NFT holders can attend, and then they could flip their NFT to somebody else if they want to, but make it a limited number of NFTs,

This I mean, we should do this as an NFT. No doubt. We should make this an NFT and then only NFT holders can attend, and then they could flip their NFT to somebody else if they want to, but make it a limited number of NFTs,

19:05

for this.

for this.

19:06

Down. Alright. That's it. Alright. That's the episode.

Down. Alright. That's it. Alright. That's the episode.

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