Ever wondered how financial savvy can amplify your life's soundtrack? Tune in and get ready to learn how the beats of hip-hop and the rhythm of money management can create a harmony that'll have your asset column singing. We're turning up the volume on financial literacy, discussing everything from the 'poor dad' mindset to mastering credit and seizing opportunities. Our conversation moves to the dance floor of investment strategies, where we jive with the realities of real estate, the creative leveraging of debt, and the significance of building a solid team for your business ventures.
Feel the pulse of the market through the tales of gamblers turned financial whizzes, and discover the potential of unconventional investments like cryptocurrency. We're keeping it real with discussions on the ethical dilemmas of bypassing traditional credit systems and sharing personal stories that showcase the unpredictable nature of investments. In a world where self-help gurus push more products than practical advice, we're here to sort the platinum hits from the one-hit wonders, ensuring you spend your time - your most valuable asset - on strategies that truly pay off.
In our final act, we spotlight the importance of visualization in achieving financial success and recognize our VIP listeners with some interactive fun. As we wrap up our current page-turner of a book, the anticipation builds for our next read. Join us on this journey as we navigate the twists and turns of finance with a backdrop of killer beats and wise words. Let's make some noise and make some money together!
FYI OUTRO
Ever wondered how financial savvy can amplify your life's soundtrack? Tune in and get ready to learn how the beats of hip-hop and the rhythm of money management can create a harmony that'll have your asset column singing. We're turning up the volume on financial literacy, discussing everything from the 'poor dad' mindset to mastering credit and seizing opportunities. Our conversation moves to the dance floor of investment strategies, where we jive with the realities of real estate, the creative leveraging of debt, and the significance of building a solid team for your business ventures.
Feel the pulse of the market through the tales of gamblers turned financial whizzes, and discover the potential of unconventional investments like cryptocurrency. We're keeping it real with discussions on the ethical dilemmas of bypassing traditional credit systems and sharing personal stories that showcase the unpredictable nature of investments. In a world where self-help gurus push more products than practical advice, we're here to sort the platinum hits from the one-hit wonders, ensuring you spend your time - your most valuable asset - on strategies that truly pay off.
In our final act, we spotlight the importance of visualization in achieving financial success and recognize our VIP listeners with some interactive fun. As we wrap up our current page-turner of a book, the anticipation builds for our next read. Join us on this journey as we navigate the twists and turns of finance with a backdrop of killer beats and wise words. Let's make some noise and make some money together!
FYI OUTRO
you, you, you. Okay, let's see here, I think I got. I think I've got a relevant song in mind I could toss up here to start our space. Here we go. Of course, I immediately think hip-hop, hmm, let's go. Oh boy, fire alarm.
Speaker 3:Goodness gracious, we're off to rough to music's too hot, oh you, you.
Speaker 1:You, you, what a wild.
Speaker 4:Could you hear him death?
Speaker 3:I heard sheesh and then nothing okay, I was just make.
Speaker 4:I just switched to my bluetooth. I was like oh, did it cut out? Oh yeah, sometimes you go from through to sit cuts.
Speaker 1:Hey, yo hey, let's get back. Let's get back to a little hip-hop. It's just, the night is young, it's getting crazy already. Let's go.
Speaker 2:Now, not a hobby, it's my occupation. Oh my dick, that's my confirmation. Couple stars with me. That's the constellation Jackson's friends. Benji, that's my conversation, just a better one. To look like I'm racing, I'm Chinese smoke, like I'm Jamaican.
Speaker 2:Bfp rollin' doobies up and facin' 12 bottles of Rose sake. I'm on gang shit Getting all that shit cake drumlin' ain't nothin'. All the little niggas I take from them, left them away all the way to the bank. Try to talk what they can't. They just stand there when they stare and keep mumlin' what you makin' here. I guarantee I spent it clubbin' Slown'. It got a hot now I said just say we bobblin' Mornin' on the sip floor all day.
Speaker 2:Another city state, another mill to make. I'm still stayin' on that aglaise. Another sip rollin' and damn big change. I'm givin' money. Keep the shit big. Comin', comin' breakin' perc's timin' ain't a damn big money. Now I'm straight when you get money. Fuck this girl ain't playin', tryin' baddest get you. Get her now. But I don't even know. I learn all the way. Feel like a million dollars and it may insist. You put my face up on a million dollar bill, cause that's not a bill. Yeah, cause that's not a bill. When they make it bitch. You put my face up on a million dollar bill. Cause that's not a bill. Yeah, cause that's not a bill. Hey. Yo behind him, Abel.
Speaker 1:Good evening my friends. Thank you for dealing with the fire alarm. That was exciting. That got my heart racing. I am on one now ready to talk about inventing money.
Speaker 1:This chapter here's my take from this book so far. Kind of in general, I think finance self-help books are good. I'm gonna dabble in more often Cause it just gets me thinking about finances and gets me thinking about good decisions and gets me thinking. And he talks about all this high level stuff and gettin' into hundreds of thousands of dollars in deals and it's like a lot of us might just need to fix the credit and get a few steps before that. But at the same time he kind of discounts some of my excuses in my head. So it is interesting. But I just love getting the financial gears kind of turning. And this last chapter is really another league. I feel like if you're gonna step into the big leagues, he presents a good chapter here with introducing us to different kinds of deals and I like thinking about the big leagues. I dabble here and there as much as I can. Oh man, I really just like a lot of the employee aspect as well.
Speaker 1:The poor dad. As you guys know, I consider my dad growing up probably in the poor dad category In terms of mindset and goals and get a good job and put it away and save and just all the stuff that he's saying, like yo, that's for losers and it's like, well, you know, there's personality type and everything. So I really like thinking about this stuff. So I just wanted to read the additional questions and then we'll dig right into it Like huge. My friends, I'm excited to catch up with you guys. So let me just get this formal stuff out of the way. Additional questions. So now it's time to take the stories in this chapter, along with the understanding of what Robert was saying, and apply them to you and your life. Ask yourself the questions below and discuss them with your study partner. Be honest with yourself and your partner. If you do not like some of the answers you are giving, ask yourself if you are willing to change and accept the challenge, to accept your thoughts and mindset. I sure do like that intro to each additional questions.
Speaker 1:Section Number one Robert says that it is not so much the lack of technical information that holds us back, but more the lack of self-confidence. What is an example in your life or someone else's where self-doubt got in the way of a great opportunity and I already, here I go, want to jump in and start answering. I'm going to hold back and get through these and then we'll turn the time over to people. Number two oh hey, we got people in the house. Thank you for joining us everybody.
Speaker 1:Number two some people have a lot of money but do not get ahead financially. Why is that? Number three as you have developed your own financial intelligence, how has it helped you see more easily whether a deal is good? Number four Robert's philosophy is to plant seed inside his asset column, and I feel like right there there's a lot of jokes that can be made with a lot of the words and sounds that just came out of my mouth Starting small and seeing what grows. How are you planting seeds in your asset column right now? If you aren't, what could you do to be able to start?
Speaker 1:Number five Robert lists two kinds of investors those who buy packaged investments and those who create investments. Which kind are you? Is that the kind you want to be? And number six how have you seen fear of failure play out in your life and how did it prevent you from taking advantage of opportunities? What can you do to conquer that fear in the future, and I have to. As I'm pulling up the Pandemania music account, I have to give a shout out to Sparky. When you leave it up to me, these guys can attest. I had a fire alarm go off and probably broke some of these eardrums in the audience. And then I also panicked and chose a song and went straight to hip hop with Khalifa real estate. I mean, come on, it was relevant but that's just probably inappropriate. Let's be honest, there's nothing wrong with it.
Speaker 6:I was going to choose more money, more problems, or whatever.
Speaker 1:Yeah, okay, okay, yeah. It's like we got to bust out some rap for some of these. He's like this guy's ballin'. He's talking about how he's even just a small fish and it's like he's got a chain around his neck. We know it. With a big R around his neck, a big gold chain. I'm really excited to have you guys here. I apologize, for Monday I had my birthday. I didn't even think about scheduling. I just get to scheduling. It was on my birthday and my family took me out bowling and we had a really nice time, so I appreciate you guys letting me last minute push this to you today. How dare you?
Speaker 6:No, it's no big deal.
Speaker 1:It was fun. Yeah, I made a joke in a post my wife and I when we were first dating, we'd go bowling and we'd just drink a lot of beer and have fun. And now that we don't drink it's much different, but it's equally as fun. And now we've got all our kids with us and we have a good time. We did bumper bowling and I try not to take myself too serious, otherwise I start to get competitive and I'll leave worried about my score. And so I was trying to do bump bump on the left, one on the right, one more on the left and it was pretty intense. It was awesome. I like that style of bowling. It was a good time, but I do miss our book club, so I've been really excited.
Speaker 1:Shout out to Sassy. She mentioned before I read this chapter as I was reading it, getting caught up, and it was the birthday then right after. That is when I made the announcement. But she mentioned the game that is mentioned in this chapter and so that's kind of fun with this chapter. I don't know if anyone has checked that out other than Sassy, but there is an actual game you can play online that goes with this chapter. That would be my only other kind of informational tidbit to go with this chapter that I still have yet to hop in and check out. So I'd be interested to see if anyone has played that and if they have some feedback.
Speaker 1:I can imagine much like Monopoly. After about a half hour I get bored, but then somewhere around like an hour or three or four I'm playing competitively somehow and I'm super into it. So maybe it just takes like an hour to get into a type game. I'll give it a try. It sounds like fun. So let's start with that, my friend. How are you? How are things? And then I can't wait to hear your thoughts on this chapter.
Speaker 3:I'm doing good. Yeah, I mean I read through the chapter like twice, but it's been a minute. We've got it on the audio book, me and Jack, so I just play it in the car and you know so, and I swear I listen to your questions. But why don't you start off by asking me a little something to help me get restarted here?
Speaker 1:Sure, sure did you. I guess my immediate thought was the title the rich invent money. I immediately thought about rug pulls and doing it the wrong way and how people take advantages of people, and like I'm really glad that he spoke about doing it legally.
Speaker 3:Yeah.
Speaker 1:So I was curious if you've come across deals. He talks about the two types of people and the two types of deals. I guess you know the proper way and then kind of the not improper way. But I guess you've got orthodox and unorthodox. That's a good way to look at it. It's like go through the proper channels, go through a bank, get a loan, and then he's like, or you could like get a loan from a friend who's saying you can't do that, like that's kind of the other route that I was thinking and he gave an example of how he bypassed the credit system, Because my whole excuse through this whole chapter is like, yeah, but what about people's credit scores?
Speaker 1:Like that puts people years behind and he had an answer for it. But have you ever come across something like that? That would be my first big question. But yeah, I'd love to see kind of where your thoughts go and, as you remember, kind of what the content was.
Speaker 3:Yeah. So I feel that he's on the right side of ethics. You know he's going within his boundaries of what he can do legally and everything. So to me everything he's doing is fair play, because I mean it's just like a baseball game or basketball game, as long as the rules are, you know, appalled. Now if you get like an NFL where you know they're doing like some wow rule, almost being it kind of stuff, and then they end up, you know, winning in the end somehow, I mean I see that a lot more than with the other sports. But so I mean, as long as it's there and it's able to be done, and I mean you know you're following the guidelines to the law, then I really don't see any, you know, reason as to not do it.
Speaker 1:I mean I actually didn't even think about the other stuff. I know you are always looking for opportunities. Now that you're on the mic, I'm just like, oh man, I feel like you actually take advantage of opportunities. Have your ear to the ground, you get researched up on stuff as quick as you need to to stay a float with different opportunities that pop up. And so I think you know we're constantly reading his opportunities, which are like multi-thousand dollar real estate deals, but it's like for some, the graduation from $200 a month residual to $500 is huge. You know what I mean. And so we don't have to live these standards and think in terms of homes. We can think in terms of maybe building up our baseball card collection, even, or building up our Pokemon card collection. I mean, that can be just as big. I guess I don't know.
Speaker 3:I don't know, that's a lot of hype driven stuff. The other things way safer though, with real estate, because everyone you know is going to need somewhere to live, whereas Pokemon cards that's a value and it's definitely gone up, but there's a higher risk in a way with something like that, as far as I would think, because it's not something that's a necessity. You know, when you get down to food, water, shelter, clothing, you know, I mean shelter, I mean that's one of those things. Food I mean here in the United States we've got that down pretty much for everybody and it's more of like a selective what do you want to eat, sort of thing, and then you pick and choose from that. It's a lot more because you know the price of that sort of stuff is way lower.
Speaker 3:But then when you get in real estate, like I mean that's the most expensive thing really, you know, is that you know land and the building that can be on it, or yeah, I mean, and it's always going to go up because population is increasing.
Speaker 3:Yes, it will go down at times, but it should continue to climb continuously.
Speaker 3:Because I mean, like when my parents, you know, bought the property that they put their place on, I mean they paid like $3,000 for two acres and then now if you go and get two acres, I mean in the same sort of place it's going to I know the lot next to them that was two acres Finally got out of someone's trust and then they sold it for like $70,000.
Speaker 3:And I mean you're talking about the 80s to now, I mean 40, some odd years, and you're talking what? Over 20 times the value. I mean it's pretty good and the stuff should continue to just go up. But you know there are risks with the other things where you know, oh, we've come to find out, like you know how Blizzard well, people know that Blizzard and Activision thing that was going on and there's like stuff with employees and then it like made their shares go down and stuff because it was like you know it was bad sexual type things that were happening in the company. So there's things that can defame a brand, whereas at least with the house and everything, there's very minimal risk.
Speaker 6:Murder.
Speaker 3:In a way. Well, I mean, if you're into, I mean, the haunting of the house and stuff, no, no, like we're going to go there.
Speaker 6:No, they have to legally.
Speaker 3:Oh, meth lab, there you go.
Speaker 6:There's another one, right, yeah, like that's going to bring the price of a house down.
Speaker 3:Yeah, yeah, but it only affects that house, whereas the other one affects the whole shebang, for everyone At least. So I mean you can be diversified in that way, but you know, I mean it's just how it is. I mean you may have, I mean imagine if you had like a built cause be baseball card, that if he played baseball and he did the same stuff, I mean, is it gonna go down or go up, just other things like they would probably go up to be honest.
Speaker 3:Well, it just depends. Infamy Does make stuff go up, but the guy's already famous.
Speaker 6:It normally makes it go down, a bit like Well, I think, think about the doctors who's books that have racism in it, and now they're banned. So now they're like work, yeah more money?
Speaker 3:well, yeah, but Still you're talking about pop culture versus. You know it's not something that's needed, so you're still talking about. You know like are these cards needed? What do they do?
Speaker 6:No, I don't think yeah. I mean you look at sorry to keep interrupting in the conversation with this, but you look at Like nostalgia being the main driving force behind Pokemon cards or any of the current trading cards. Once that generation's gone, that nostalgia is gonna be gone.
Speaker 3:They'll go down yeah.
Speaker 6:Yeah, so you're not gonna have Generations, won't?
Speaker 3:have the same sort of memories and everything of it, Right. So so who's buying? Baseball cards right now Nobody, even though they might be worth two million dollars for Whoever yeah, so I need to go out my garage and sell my Pokemon cards right now and all my cartridge video games like sign our. I need to get rid of them.
Speaker 6:Yeah, so I think they'll be valuable until our generation is like gone and dusted. But that's, you know, that's a finite amount of time.
Speaker 3:Yeah, and then it'll come back again whenever they're like oh, this was a you know. It's like the equivalent to like a Roman gold coin or something like that. It was minted in who knows what century and everything, and then that it's you know, it will come back, but it'll be like a primitive piece of technology sort of thing Before it does again.
Speaker 1:But man, we went really out there, I Like that I was like and where, how out there it was getting I. Yeah, I just love any kind of thoughts that come from this. I mean, I think I brought up cards and it's just yeah, he brings up interesting things, so he, and then, and then when we get on the line together, you guys start saying things and I, my mind goes all over the place. So, man, I was wandering there as well.
Speaker 3:Yeah, so and then, yeah, the rich are the ones that make money. I Mean I have to agree, because I mean he's investing in things that are like the top level of where the the well, generations gonna be. So I mean, he's, he's choosing and I'm sure that in the beginning he possibly had to make some. It does so. Jacqueline is asleep. But one of the things she brought was he seemed like he was kind of privileged somewhat. So that is like you know, he got to where he was because he was slightly privileged. I mean his dad was, you know, a decent teacher that was making decent money, and then his friends dad, I mean, who influenced him but didn't provide any sort of financial like you know, he didn't like actually, well, I mean it doesn't say the book, but I assume that you know he didn't actually provide anything to him financially.
Speaker 1:But this is interesting too. This is, this is a lot where my mind went as well.
Speaker 1:Like I said at the beginning, it's kind of like man, some of us need to think about credit score and some other. Yeah, before we get to these graduated steps and I think you're absolutely right there it has to be taken into account. And I know he gets all hypey and Talking about winners versus losers, losers and the mindset and it's like well, there are are substantial arguments for, like, privileged people having a head start versus other demographics and in any given state and any given country and any given Continent. You know what I mean. Like it gets really ugly in different places and different demographics and I, I for sure, have that in the back of my mind when reading stuff like this, and I sure hope he does as well. You know what I mean. I wish you would right admit it. So sorry to cut you off. I really wanted to agree with that.
Speaker 3:Yeah, yeah. And then I started thinking about, you know, like the people that I know that are the same age as me and stuff, and I mean even the people that weren't that privileged and the people that were privileged there are some things that I've noticed that it's the same thing that keeps them from getting any further, and it's like comfort and and they, they get comfortable and they get lazy. So that's the, that's the big thing. That's like a constant battle. So I mean, even if you are trying to, you know, get ahead and everything and the other thing too. So You're talking about like drive and everything, like I mean, I think that's probably how you talked about.
Speaker 3:You know, there's people that have a lot of money but they're they don't get ahead financially and I think that's probably one of the big driving factors is that they become comfortable because they feel more secure now that they have the money. So now they're like, well, I don't need to go do anything, but you know, maybe they do need to take the risk and everything or get the cash out in the assets. That way, it's starving them of cash so that they get that fire under their ass to go. I need To get more money.
Speaker 6:So, I, I agree with that for sure. I Feel like there's some complacency just in general with society, with a lot of stuff, and that's why we see people who stay with the same job for years or Just keep going doing the status quo. They don't, they don't step outside of it. It's because you, you become complacent, you become, like you said, comfortable with what your current environment is and you don't want to upset the mountains because, like, if you do your, it's a 50-50 either it goes well or it goes bad. And if it's something that, if it goes bad, it could fuck you over royally, as opposed to Like that's like weighing the risks right.
Speaker 6:So like if, if you're looking at what are, what are my options, like, let's say, for instance, starting a new job or starting a new career, you've been doing the same thing for 20 years or 15 years or whatever, and You're like, okay, I'm not happy with what I'm doing, and obviously I'm speaking for me.
Speaker 6:So you're like I'm not happy with what I'm doing, what, like I'm wanting to make a change. So logically, you would keep doing what you're doing While you're, you're looking for something else, but it, even if you apply and you get a job, there's still like a Grace period where you're on probation or whatever, where, if it doesn't work out, even though you're looking for a new career, you could be done. You like you get canned from the job that you thought was gonna be your next big thing and Now your upshits Creek without a paddle because you have nothing to fall back on. You have no cushion there and you may have, like a nest egg or something like that built up where you can Sit on for a while, but once that's eaten through, you're fucked. You like you have nothing else going on. So it's the complacency. It makes sense to some degree, but it's also Like you. Like you said, it's one of our biggest downfalls as far as like having to drive and trying to be Making, making something of it at some point.
Speaker 3:Yeah, I feel that the process would be that, if you have Drive and everything you have, and and you are successful, I think that the biggest thing that you need to watch out for is Comfort, because I feel that comfort is going to generate fear, you know yeah you're gonna be scared.
Speaker 3:You're gonna, once you've done all that stuff, like, oh, I don't want to lose that, I don't want to take risks to do that because I already have it, when, in reality, I think that someone should be able to do something. That what? What he's saying is you know, you need to understand the opportunities, you need to understand what is out there, you need to be able to identify it, but you also need to know Something about that stuff, and these would be something that you are knowledgeable on. If you're not knowledgeable in real estate, like you said, then don't do real estate.
Speaker 1:You do something else but I'm also surprised he didn't remind us to go after something you absolutely love. He did yeah at the beginning of the book. Really press on that, and I thought you would have brought that up in this chapter of like. But yo remember, I Love buildings, I love architecture, I love real estate, like I Don't, that's not. I would love to. Yeah, I would love to love real estate, but I'll try to get there. But yeah, I just wanted to throw that in there as well.
Speaker 3:Yeah well, it's like he has no fear, you know, and and it's because he has changed his mentality of debt To everybody is so scared of debt and how it's normally used. You know it's used for consuming and getting what you want now, instead of using it to get something that generates more cash Now, and then it builds up and then you're essentially just signing off saying yeah, I'm, I'm liable for, you know, the money that's being used to have this asset that's generating cash and Eventually you can just get your down payment back out of it and it can just sit there and just, you know, pay for itself. But I mean there's other opportunities to out there to, you know, generate things passively like that. And I mean Like I mean he's just changed his mentality and and he doesn't really have fear and he's he's done it so much. That's almost like cookie cutter to him. It's like he's got a template to do it and everything. He's still popping up on my tiktok and the other day I saw one, a video that he had on there where he was like telling his wife that he wanted a ranch and she was like, oh, I don't think so, because a ranch does a cash flow, and then he goes Well, what if I get the ranch for free. And she was like, well, if you can do it for free, well that's fine.
Speaker 3:So he goes around looking for different properties for sale. Is it finding like 80 acres in Wyoming? And he notices that it has a little road that goes through it and he Was looking at how much the price on it was and apparently lands pretty cheap in Wyoming because there's like nothing really there. And they were like 115 K for 80 acres, which is insanely cheap to me. And they, they had it on the market for 10 years and and it's like he's actually realtor. He's like what's wrong with it? He's I don't know they just I know the family lives in Florida and they want to get it out. They won't be out from underneath it. They walked around stuff. He noticed that the sign was blown down. That's probably why it hadn't sold yet.
Speaker 3:So he tells the guys like tell them that I will pay the 115, but I want my. I will pay it in full, but I want it deferred for a whole year. I I'll Guarantee I'll give you the 115 K, but you got to give me a whole year to pay it and I will pay it at the end of the year. They were like fine, because I mean they were waiting 10 years on this thing. So they're like, okay, we sold it already, cool. So what he did was he ended up taking a chunk of about I think it's like 10 or 20 acres of it that was next to the road and he built a cabin on it and Then he ended up selling that piece like 225 K and the profiting Enough to have pocket 10 K and pay for the rents of the damn thing. So then he told his wife Well, I got that free range.
Speaker 1:That's hilarious. Okay, so that's category two. We're wheeling and dealing side deals. However, you can make it happen.
Speaker 3:Yeah, and that's, that's on tit-top, he's got, he's got it on there. He just keeps talking about different stuff, like that. I mean I don't know where you get opportunities. I don't know anything about Wyoming, but I Don't think there's very much there. That's like the in this center midwest kind of area, right, wyoming.
Speaker 1:Yeah, I was just there and it's it's pretty rough terrain. I imagine it's pretty windy and cold there right now.
Speaker 3:Yeah, well, I'm cash flow, but he wanted ranch and he got a ranch, so and I would just sit there and it'll appreciate. So it's kind of like one of the like, if you're into trading, like if you like, you know, get up to a certain percent or whatever on the options trade, and then you cash out and you can let the other ones just run because they were, they were free, because the Mount paid for them. It's kind of the same way, I guess, except it's an asset instead of a contract. So Just letting it, let it run. But yeah, I mean it's pretty cool. They was able to do that. And I've heard of other places doing that too, where they're like the middle man for transactions on stuff like that and they kind of do the same thing. But I don't know his stuff's.
Speaker 3:Really I want to see if we get into more than just real estate on this, because that's been the, the very large meat of it, because I mean it's something that's always in demand, even when stuff is going down. Now I've noticed around here that you know, the stuff is still super high but the, the feds, are not lowering the rate yet. So I've gone on Zillow a few times now, because you know my years are turning from the book they were reading. So I go on there looking for stuff and then I I saw Somebody that's selling 50 duplexes like they're like, they're like we're done, and they're trying to sell all of them Because they know the market said a peak but then nobody's wanting to buy them because the rates are high. So we're starting to I'm starting to see Inventory of stuff being listed is starting to accumulate so that to me, for where I live, would normally the mean that price should start coming down on some stuff, because Things are gonna have to compete in lowering price To be able to trigger a sale. So I don't.
Speaker 3:Maybe, deals coming.
Speaker 1:I'm excited to see if DAPP Invents some money, makes some money from from zero money. Your Is your wife also.
Speaker 3:Start. Oh yeah, she's want to quit her damn job. I'm not conscious. It's crazy. That's really good. It's like brainwashed her. We, we, we had what like a snow week instead of a snow day here and then she was reading that book and then she was like I really don't want to go back now because this is saying that my goal should be to not work. I'm like, well, yeah, I mean it's kind of everybody's dream, but you know you actually have to take risks. You gotta do something about it. You know it's not just gonna Lay itself out there. I mean the opportunities lay themselves out there, but you have to know how to do it and my opportunity that I have is gonna be if I have an opportunity it's gonna be completely different than anyone else that's listening. I mean you guys know what you guys know, you guys have what you guys have where you live. It's always gonna be different, always.
Speaker 6:Well, and it's. It's true because, like we, we all have different experiences, we all have different environments, we all have different lifestyles and like, even for him, like he already has, it's not, it's not so much the, the knowledge, but he already has the, the kind of skill set to do the stuff that he does with the, with the real estate, like doing, doing that swap and selling it off and whatever. And even if you had the financial literacy to do that, most people wouldn't think to parcel off a piece of land like that before you've even paid it off to. You know, make the money back and whatever it's. It's just people would see that as one unit and think that's all you can do with it Is keep it as the whole unit. So we all have our own Individual skill set and things like that.
Speaker 6:And sure you can learn stuff, but it's like you said earlier, if you don't have any Interests in real estate or whatever, you're not gonna go tackle that. And like one of his examples that he talks about is the, the Small cap stocks, and like that's great that every time he fucking chooses one, it works for him and it makes the money. I've done it. I've looked at small cap stocks and I have bought into small cap stocks and it hasn't done a fucking thing like Hoping to hear some of his Failures.
Speaker 1:he hints at it, but it would be nice to hear some of those stories, don't you think?
Speaker 6:well, that's. That's tends to be my biggest thing with this sort of stuff is. So even him saying I don't want to talk about all the things that I've done to make money because I don't want to seem like I'm bragging. But the reality of it is, the people who are reading want to hear that, because we're reading this book to see the things that you've done so that we can see that there's evidence of it working. Not that, not that we're thinking you're bragging. Like, if you're writing a book about this stuff and saying I don't want to seem like I'm bragging, you're fucking bragging because you have a book like the book itself is a brag. We don't need you to brag in the book. Tell us the shit that you've done. It's it's, it's plain simple. It's like there's a person on Twitter right now that I'm a little iffy about who's touting that they're like some marketer for web 3 and they've helped so many projects and whatever, and the biggest issue they have is it's like oh, you know, I've, I've helped so many projects, mint out millions of dollars worth of mint funds and and whatever, and I'm like so what are the projects? What, what, what like. Tell us the projects, list the projects, because I have never heard of you before. And here you are coming out of the woodwork saying that you're this, this genius dude, and Literally have no backing behind it. You say you have millions of dollars, but let's see the, let's see the evidence, and I think that's that's my biggest issue with a lot of the stuff With that, with what he's saying, and then the two examples that he does are very niche in a way, because it's something that it's not so much about, again, being financially literate. It's Areas that that you have to really know the industry to know what you're doing and the stock market like it's. It's so fucking hard to go in research Companies and figure out like, oh yeah, this company is definitely a good company to invest in, it's gonna go somewhere, like you have no clue, and you could sit there and Research it till you're dying breath to figure out if it's gonna go somewhere. But it could say all the right things and still do nothing.
Speaker 6:I Invested in a company. I looked at a company called I had whatever who gives a shit what it's called but they were doing. They were doing tonneau covers for pickup trucks. That Basically, it's the the cover for the bed of the pickup truck, but it was a solar panel that would charge a battery pack so you could basically go camping or you could go to the job site and he had this like Generator that was a battery generator in your bed of your truck and the solar panel charged that battery and then you could Basically run your tools and everything off those batteries. But then they also had a version of it that hooked up to electric pickup trucks that would essentially trickle charge the pickup truck throughout the day while it's sitting at the job site.
Speaker 6:So it created this, this like interesting concept for the pickup trucks, especially the electric ones that are out there. And they fucking went down the price of their thing, like I think it was that like six bucks or something and it's like I think it's under a dollar right now. Like now, that's not small cap, but they were a smaller company that was hardly known and you would think a company like that that's trying to do something with the Electric sector is gonna do great. But you know it did nothing but go down and of course the money that I invest is worth nothing at that point. So I don't know I you really have to take a lot of what is said with these books and in the Stuff that these people say with a green assault. Sorry, I didn't mean to kind of take over there to that, but Just wanted to add to that.
Speaker 3:No, you're fine man.
Speaker 1:Yeah, I think it's. I think it's a good, proper Safe take. I think you went a little nicer than than I was expecting.
Speaker 6:Oh, I have a lot more to say. I just didn't want to take too much time just because I was responding to what Debson.
Speaker 1:Well, maybe, ryan, let's hear it, let's hear your takes and spark you. I'd love to hear more what ifs and but dot dots. I'd love that. Ryan, what are your thoughts reading through this chapter?
Speaker 4:Yeah, good evening. I Honestly can't even recall where I was gonna go with what I was gonna say, because I kind of got into what Dapp and Sparky were talking about and Me and the little green friend have been having a good night together. So I'm like, holy shit, you just call me name, where am I at? Oh, what was I gonna say? I Was literally listening really good on that. I was like, dude, I get what you're saying, you know, and I'm just like trying to understand to the fundamentals of, to the clarity of some of the things you're specifying, right, because I agree you cold-heartedly, especially with the takes of like projects or even like individuals that are trying to venture and do you know business plans and, and it takes sometimes more than just what is being presented, and then it's kind of the. My take was just more or less that I have to Agree with some of the points that were presented in here. I like had an area here open up because I was really like in this part where I think Sparky touched on it or somebody touched on it and it was about one of the stories here with the where's it at 182. No, it was on the other one when he was just talking on 183. There's just talking about the first paragraph and everything just below there. Just kind of me with resonating with them with what I was reading. Shoot, now I'm gonna forget what I was gonna say.
Speaker 4:The development of IQ, and they could say there was a thing. I think some of the points that were spoke about it's all on it. Hold on a second. I'm sorry I get kids crawling out of bed, yeah, any who. I forgot what I was saying. Iq with finance, in a sense that I feel like that. That's one thing that they were really trying to present was, like you know, having a good statistical IQ plan towards things and understanding the deliverance of where you're going to go and approach with it. That's kind of what I got out of it. And then some of the strategies that I would say kind of went through the stories. I could more or less I could see some of the things working out for what that was presented. Just because I haven't experienced some of those were. I'm so boggled with my thoughts now.
Speaker 4:But there's like this area of development, when you're growing a business, right, and you get to that point of you know, let's say you're responsible now for 150 employees right and you're currently ran like you know a good portion of people or whatever. So you understand the customer human relations within it too, and you end up dealing with all the other problems that have that come together with the portion of running it right. So you're maintaining these high costs to operate things and then the IQ of the things that and that's what I was trying to get to was more or less knowing which team members to have on your side to develop that and identifying those individuals that are good either at that point of you know, like just all the different sectors, with having it you know, and especially on the board, having a good board within a big company and stuff to be successful, because there's a lot of overhead and there's a lot of like those little things that you know. For instance, like those little things that people just give out just for you know, gimmicks like key chains or pocket knives for the company or promotion things, like somebody has to actually sit back and actually work on that right and then go out and get a manufacturer to manufacture it for you.
Speaker 4:So it's a cost that you're foreseeing that's hopefully going to bring you more, but you're utilizing the people within your business that you know that could potentially see that future, instead of, like a lot of these corporate big time businesses, they don't have some of those things in place but they do into a bigger broadspect and you just see a just diluted system and within just my perspective of it it was just there's just so much more that could be brought of it if you were to run that business at IQ level.
Speaker 4:Because if you are really thinking about the small things and not really penny pinching the company, but really understanding the cost level of operations and also the underlying value of the time management of your company, you're going to make well, not just you but the whole company is going to, you know, make more profit. So maintaining those things to me is kind of key and I don't know if I'm speaking towards directly of this, but it was more for me it was execution, it was planning and prepping and understanding those key team members and who has that IQ, who has the smarts, who has the ability to be on both sides of you know travel or whatever it may be. And this is a big spectrum I'm talking about. But kind of rambling a little bit, you got a little distracting, so I'm sorry about the thoughts, but I hope that makes sense.
Speaker 1:Hey, no, I love. I love hearing any kind of thoughts and post-smoke thoughts are always great and I love to see where it goes. And I apologize for just all of us were just silent, letting you try to recover on your own.
Speaker 4:Oh no, I'm a kid man. I got one asleep and it was just like defeat, defying everything I'm saying, you know. And it's just like he wants to get up, have water, he wants to bath, he wants to do that, he wants to sit there and sing, and it's just like, oh, my goodness, overrated. And if all you leave oh boy, then it's them. That's like oh boy, then the whole bedroom gets torn apart and he wants to have fun. He's like dad's not here. I could do it at once, but we're getting there. We're getting there Growing big and fast and tall and ready to go for every little bit of energy he's got.
Speaker 1:I love that. Yeah, we're always about like mid tuck in time when I'm doing this. So I think my lovely wife we're putting up with my book club. As I look over and try to give her a smile, she's clearing out me. No, she's not. But no, I appreciate you guys fitting in this book club. It's really really good and healthy for me. So if I'm the only one that benefits, I appreciate you guys for sharing.
Speaker 4:One more thing I was gonna say, because you touched on it, was that the book or the game that was mentioned in this chapter. I wanted to check more about that game that was spoken about it, trying to find did anybody say the name of it Cash flow? There it was cash flow, so I'm curious.
Speaker 3:I'll DM you a link.
Speaker 4:Okay, perfect, cool, I'm gonna check this out.
Speaker 1:Yeah, that was gonna be my homework, that I'm gonna immediately. You know, last week my homework was to meet with my accountants. Happy to say, I'm just well into my journey of getting a good read on the pulse of my situation. And so this chapter, my homework was, yeah, just checking out that game. That seemed like a pretty easy one to kind of immediately apply and I'm gonna give that a shot. I hope to hear or have my own reviews on it. Sparky, I do.
Speaker 1:I am curious to hear any more thoughts that you had. You mentioned you had some more, and those are always really fun to listen to. So I certainly, with this chapter, had a bunch of what ifs, and so I assume that, and just listening to everyone, I feel like we're all hearing the opportunities, but we have our own healthy dose of skepticism and I think that's okay. I want to, you know, a few books back. It's just important to remember healthy expectations too, and so I go there as well. And so, yes, mark, I'd love to hear any other and positive reviews as well. I think there's a lot to take out of it. I'm not harping on the book at all, but I do like to pick things apart and have what ifs and talk about it and question everything. So if you have some more, please go ahead.
Speaker 6:I think the overall message of this book is a good one, in the sense of we need to be more financially literate, which I'm not knocking that. I think that's a given. I think we don't teach it properly in schools, we don't teach it properly to our kids. In general, money seems to be a taboo subject until you start getting into the workforce and you're like well, now you got to make money. And it's like well, why? Why do we have to make money? Daph's got his hand up.
Speaker 3:It finish up and come back to me. No, no, it's not about that. It's about the game.
Speaker 6:So, yeah, yeah. So, like, I think being financially literate is a good thing and I feel like we definitely need to help each other and help pave the way for the younger generations, for sure, but there's a lot of things, especially with it being an older book and the current timeframe, there's a lot of things that are completely different and hard to say that this is like the way to do things. As I mentioned before, like him doing the small cap stocks, like I said, it's great for him, but I've tried it myself and I don't know if he has some sort of secret sauce for that. But it's a very difficult thing to hit those properly if you don't know what you're looking for. Even if you do know what you're looking for, like there's definitely a risk factor and I think that's one thing that people also, when they read this book, they need to factor in is the risk factor, because, yeah, it's gonna be good to take risks and things, but the risk factor could be if you put your life savings in, you could be fucked like you're done on something like that, and then nothing's to guarantee, nothing's to shoe in. There's no things in life out there that, no matter what you do, it's gonna be guaranteed money like nonstop up. It just doesn't work like that. But there are ways that you can definitely make money in general.
Speaker 6:But the biggest issue that I have with this book not so much this book, but like books like this in general is they tend to be more of a trying to sell you on more of their own personal stuff, and I know that even though the cash flow game is able to be found online for free. Like he talks about being a teacher and everything seems to be hinting at you have to come, buy more of my stuff and do more of my stuff. That might not be the case, but that's just the vibe that I'm getting from a lot of the ways that he talks, and it tends to be how some of these self-help gurus market their stuff is they sell it to you and say along the lines of you have to buy my next thing to figure out the secret to this or whatever. They all claim to have these like answers, but they don't never actually really give you an answer and kind of are left scratching your head, going okay, I feel like I've only scratched the surface. Now what and that's the marketing ploy is you have to then get more. And obviously it's not the case with books like the Satellar or not giving a fuck. He has other books, but it's not like you have to come to my lectures and you have to buy my books to take away from this book what I'm offering. And again, that's not to say that's this entire book purpose, but it just kind of has that vibe that at the end of it we're not at the end, but at the end of it it feels like we're almost having to get more out of him. And how do you do that? By taking his courses. So I have an issue with that sort of mentality. And that's his asset. He's found an asset and something like that because that generates more income for him. But I definitely think that finding assets that work well for us is great.
Speaker 6:But there's one thing that he mentions a couple times in this book or in this chapter specifically, but he doesn't expand on it and he doesn't dive into it in depth. And I played I think I played this one for everybody a while back but I played an audio clip or a spoken word thing from this guy named Sully Breaks once upon a time in one of these spaces. And Sully Breaks has a take on this specific asset and it's it's very interesting because it's it's probably the truest thing for everybody, literally everybody. It's your number one asset in life and the way, the way that it's celli breaks, frames it and talks about it, is like imagine someone said to you you were rich. Every week you were rich. You have $10,080 that you need to spend every week, week and you have to spend it by the end of the week. You can't give it to someone else, you can't Donate it. Well, you could donate to charity, but you can't give it. Like I couldn't give some of those dollars to Dap or or Lane, I have to use them essentially for myself. And he keeps talking in dollars because that's the easiest way to understand it. But at the end of the day, what he's really talking about is time, and each week you have 10,080 minutes of time and and each week you have to use up that time. It's you. You can't get it back, you can't deposit it somewhere and let it build, and that's our biggest asset in life. And it bothers me with this chapter that he he mentioned it twice but he didn't dive into it, and maybe he's gonna dive into it later in the book, but it's.
Speaker 6:It's one of the things that everybody needs to realize is that your biggest asset in life is time, because it's what you focus your time on is what is Essentially going to, you know, dictate your life. So if you're spending your time and the one thing that Sully break says, and his thing is, if you spend your time just sitting at home Chilling, you're not doing anything to benefit yourself. So if you're not building or you're not Out there looking or you're not actually doing anything productive, then what are you doing? But the same could be said about you know, utilizing your time to Work for somebody else. You're you're not wasting your time, but you're using your time to profit somebody else's life and and you know they're able to Go golfing or do the things they want because you're using your time to To Make their shit better and grow. So it's not to say that you need to quit your job, but With your other time, I mean, obviously there's certain hours of the day that you have to sleep and and recover. So you don't technically have 10,080, because you know we all need rest and we all need to sleep, but For our evens sake, you know we do and you got to use it up, but it's it's better used in your spare time for the things like.
Speaker 6:Like he's talking about Is finding those other assets and growing those other assets. But Again, assets are different for each person and they can all have different, Different things about them that make them an asset. And he talks about doodads and how there's this is a doodad and that's a doodad and whatever. But some of those doodads for somebody else might be an asset. So you think, like somebody owning a boat could be a doodad, but Somebody could also be using that to make a living off of and they need that for them. So it is an asset, even though it costs money to keep it up and whatever.
Speaker 6:At the end of the day, if it's making the money by doing it like, think about the guy who I mentioned a couple weeks back, the Australian guy. He was able to purchase a boat by making YouTube videos. He became financially stable by making YouTube videos, but now he uses that boat to make more money because he goes out fishing and records himself fishing and that's so it works out that it's benefiting him, even though it's something that costs money. And, like he has two boats, one of them's a Rinky-Dink boat, that is, it's not like the big one with the down rigors that you do deep-sea fishing with, it's just more of. He calls it a tinny, but that one had a crack in it. You know it leaked and it was along the the weld, so as a manufacturing flaw, but you know, obviously it's. It's now a flaw in the boat that he has to get fixed and he has to pay money to do. But that that also adds to the video content that he has to do. So it's, even though it might cost money to fix this stuff or to buy this stuff or whatever it's, it's still an asset because he's able to make videos on it and talk about it.
Speaker 6:So, like I said, assets are different for each person, even if it's a do-dad and whatever. But you have to figure out in your lifestyle, use your time and figure out what works for you and what's best for you. Because, again, going back to what we talked about with the, the real estate and the stocks, that that works for him because he knows that stuff and he's able to do it. But that might not be what works for you and like it's, it's. It's just a Lot of things that, like we've already talked about with With him. You know, being affluent to some degree and having some sort of means growing up like here's this kid from Hawaii who had a decent lifestyle Not everyone has that upbringing. Not everyone is in that financial state when they come out of it because they didn't grow up with the teachers Teaching him the way that they they taught him. You know, most people grow up in in completely different circumstances.
Speaker 6:It goes back to the book that we read with Russ and then you know that joke of a book that I hated and how he talks about all the things that you know like just go and do this and do that and it's like that's all great for you because you had all these nest things not nestings these cushions to fall back on if it didn't work out. You had all these like instances where it may have been a struggle in your life but it wasn't a struggle because you were living on your friend's couch and eating free food and you didn't have to really work for it. In essence, you weren't struggling to pay bills. You weren't struggling like so it's, it's kind of like you know the blunt, not the blindly, the blind, but like it's kind of like someone telling you to do something when that something is not in your control or in your capability because of your circumstances and the circumstances are completely different from person to person, as we've discussed.
Speaker 6:So, and I have a lot of issues with this the the way that this book went. I mean, obviously he, he went through an issue where this this lady didn't like what she saw, and even though she figured out that it was actually a Teaching thing later and he refunded his money, it still comes across as if he's trying to sell you on his coaching platform, like he even Like shows you the website in the book and it's just, I don't know it's, it's kind of I don't know the right word but Kind of, kind of unclassy to do something like that. In my opinion, especially if this is a book that you've already paid for and now you're, like you know, trying to get people to pay more money. So I don't know, I I'm having a tough time following a lot of the stuff that he talks about, but one of the things that I do think he mentions that I I really think that people need to focus on is the opportunities, and I mean sometimes they smack you right in the face and you don't even see it. Sometimes they're just right in front of you very nonchalantly and, again, you don't see it. But you have to open your mind to that ability and I mean I've had several opportunities come my way that I've I've grasped, grasped some of them. They haven't really been really for to, for fortuitous, whatever the word is. They haven't been really beneficial yet. But you know there's, there's opportunities that you know we're talking about things and learning things.
Speaker 6:Example is there was a YouTube video I was watching with this guy who he made millions of dollars on on gambling and you know he at one point was doing things where people would give him money because he was, you know, making money off of gambling pretty Regularly. He was like 80% win rate or whatever. I mean people can look him up, it's Mickey, he I forgot his last name or whatever Mickey maze, tattooed face, everything. He looks like a sketchy guy. But he anyways, he, he like broke Vegas and basically got banned from Vegas because he made like 11 million dollars in one go but over the course of Three years made like millions and millions dollars from Vegas because he figured out their, their scams and whatever. And so he, he made millions. And then people on Instagram and stuff are like we don't believe you and if you're doing this, why don't you use our money? So he started taking people's money and gambling with it. And then that was just too hectic, even though he was giving people money for it. It became too hectic. So then he started doing things where he would only take certain people out and gamble with their money, but like celebrities and stuff. But then that became too weird or whatever you know. Again they were making money. So now there was like at the end of the video, the end of the podcast, he has this thing where he's like I'll bankroll you. I like you can sign up for this form on. They posted the link on his video. You can sign up for the form and If you pass all of our questionnaires and you get through the screening process, I'll, I'll give you the money to go gamble, but you have to gamble the way I say it, the exact way I tell you to do it, because there's a formula, basically, and if you win, we split the winnings.
Speaker 6:If you lose, it's it's a hundred percent my loss. It's not a big deal, you're not out any money and I'm like like that's an opportunity. You may think it sounds sketchy or whatever, but it doesn't hurt to fill out the form. So you know, fill out the form, see what this guy's. And obviously it sounds sketchy, but it's, it's. It's one of those things like if you're not seeing the opportunity that's presented, then I mean there's nothing illegal about it, there's nothing wrong. It just it sounds sketchy. But you know why? Why not look into it to some degree? And you're not gonna see stuff like that a lot.
Speaker 6:There's not a lot of people who are willing to do that sort of thing. And again, there's a screening process. So if you pass a screening process, then you know you're in. But he is also putting up a lot of the risk where If, if you win on his money, you could take the money and run, I mean he'll take you to court or whatever, but it's, it's something that he has to go through with this stuff. So there's there's significantly more risk on his end than really on your own.
Speaker 6:But Opportunities like that happen and you have to be willing to look for them and see them. There's times where I mean an example could also be stated about Lane's AI stuff and and the stuff that's in the, the Discord server for Pandemania. There's stuff that could be done with that to Build things and do things, and you could make money off of it. It could be some sort of passive income thing for you. It could be your, your job. But it also has to fit into what you're willing to do and what your skill set is, because if you don't feel comfortable with it or if it's not something that's in your wheelhouse, then Obviously you're not gonna do well at it essentially.
Speaker 6:But look for those opportunities. That's that's the key thing. Use your one main asset that's that's the best asset for you your time. Find those opportunities and use that time to build those opportunities up. And that's that's the one thing. Like if I could teach anything myself which I'm not a teacher and obviously this is just my opinion my, my worry of advice is is use your time, your number one asset, and Work to find the opportunities that work for you.
Speaker 6:And and that's the biggest takeaway that I'm getting from this book at this point but everything else, that this like do this and do that, and it just it's, it's all. It seems very Iffy and even still like that main message that I just said is not something that's really been Strictly from this book. It's been stuff that I've heard, you know, quite constantly in the last couple years. It's just not something that people really listen to or follow or see. So, yeah, there's ways to make passive income and Even even with, like, having a job there's nothing wrong with having the job that we talked about and then having a side gig. He's he's even said that in the past that, like you know, he worked and then he put his money into other avenues and Then that started generating stuff.
Speaker 6:But also the last thing that I want to say on top, all that is work within your means, because if you're just scraping by, if you're barely paying your bills and you know it's hard to buy food for your family, you're not gonna have money to put into this stuff. So, like, don't risk what you can't afford to lose, which is the one thing that everybody says when they're telling you to invest in anything, whether it's crypto or whatever. Don't risk what you're not offering to lose and don't go into debt just to try and get into the stuff.
Speaker 6:I know people who Completely off topic, but they used to gamble at casinos and went into millions of dollars in debt from gambling and Got to the point where they had to move back home. There was a lien placed on their parents home. The loan sharks were coming and knocking on their parents home the door, like the worst case scenario you can imagine. That happened to people that I know and it's it's not a good thing to get into. If you're trying to get into this stuff, so, like you know, work within your means for the stuff, but I don't know. I'm going from telling my take on the book to trying to Advise people, so probably should stop there.
Speaker 1:That was awesome that was. That was a really good, well balanced Take. I really agree with a lot of it and I think it was really fun to hear you bring up the doodads. I think it was a boat that he used as an example and you know, someone's doodad, just like you said, might be someone else's asset. Someone might have a luxury Boat rental business and that's all they do, and that you know those boats are printing money for him, maybe in a in a little lake town, and that's that was their opportunity that they saw. And you know, I think someone else's wealth might be someone's hell. Someone might be looking at Robert's lifestyle and think, whoo, that sounds like a really complicated life and that sounds like a lot of Stress, and that's not. You know, that might be the opposite of what someone really wants.
Speaker 1:And before I get to you, dab I know you've had your hand up I promise I have a quick little story. I'm gonna botch it. I don't know that the exact story. I should have googled it because I've been thinking of it, but you know it goes something like this there's a fisherman with a really modest little house right on the sea and he's doing so well, catching fish and Selling in the market, that he thinks one night as he's looking at the sea, oh, I could get a few more fish and work a few more hours, and then that turns into I could get a few employees, and that turns into I could get a bigger boat. And one day he's sitting there, you know from his mansion, overlooking in the distance, his, his fleet of boats, and he starts to think to himself, gosh, it would kind of be nice to have a nice little humble Shack on the on the sea and just how, just fish for myself. Again, that sounds nice and I don't know.
Speaker 1:It goes something like that. I told you guys I would botch it. But someone's wealth might be Simplification and someone's dream life might not be Rolling in money. That might be stressful to him and they might have Trauma associated with saving money and the downfall of someone's life. I don't know. So, like, everyone has different goals and and stripping, stripping down, stripping responsibilities, might be someone's personal Beautiful life. And so, yeah, that a lot of fun, fun thoughts you brought up. Thanks, one, one last thing that I wanted to say to you was.
Speaker 6:It's not. It's not just the rich that can invent money, but typically the rich Can be more successful at inventing money. So With crypto, with web 3, we're in a space where Anybody could create an NFT project. Anybody could create a coin. But typically if you have money behind you when you're doing that stuff, it will Generally be more successful. But if you don't, and you're just trying to make it because you want money, it Doesn't always work out. Sometimes it does and sometimes that ends up being kind of the scammers that Rug people and steal money and that sort of stuff.
Speaker 6:But we're in it and again, going with the different age of things, that this isn't a thing that you could have done 10 years ago, 15 years ago. Right now, what we have the ability to, like I said, create NFTs, create coins that could go to millions of dollars, and we see it every day with shitcoins where, like some of them, are Constantly going up and they and they even to this day of the mean ones that just keep making more and more money. But those generally start off with a specific amount of money behind them as their liquidity and Don't really go anywhere Unless they have liquidity, typically if you have like a low liquidity pool. Nobody really wants to buy into it because they see it as a scam and they're not gonna buy it. So Generally, like I see, a lot of these things start off with like $10,000 liquidity and things like that, which doesn't sound like a lot but can be quite a bit, and then those end up going to like 10 million dollar market cap floor or whatever. And you know, the liquidity comes up with it to some degree, but if you don't have money behind it, generally speaking it doesn't really work.
Speaker 6:So it does sometimes take the rich to invent money, but if you become lucky to some degree as as someone who's not rich, you can still invent money. But it's there's. There's still a risk factor involved and it also comes down to, like, the ethics of things and Like, if you're intending to scam people, obviously there's an ethics in there, even though you could be like I didn't try to scam you, it just happened. It's there's a, there's a lot of legal gray areas of the stuff. So I'm not in any way saying go do it, I'm just saying that it is, it's still technically possible to Invent money from nothing. But again, it takes your time, which is still your number one currency, your number one asset. So anyway, sorry DAP, go ahead I somebody wipe me up anyways.
Speaker 3:Does that wake up? I guess oh, oh, lane, you were saying something about how you know something. Somebody's whatever somebody's ass is thinking, yeah, somebody's webcam could be somebody else's ass anyways, that was just a joke, but, uh, sparky, I agree with what you said. The other thing I was going to touch on there was, uh, how you were bringing up the importance of time and everything, the uh.
Speaker 3:The other thing that's just as important is, if you do decide to pursue things like what we're talking about, uh, with the opportunities, you also need to know what you're. You know the opportunity. Once you find an opportunity, you do need to know how to you know, try and seize the opportunity. So you need to make yourself aware and knowledgeable of whatever the uh, the type of activity that you're going to have to do, whether it be like you become a trader and see an opportunity or whatever.
Speaker 3:If you do the real estate or whatever, if you decide to do business or whatever, you need to become somewhat disciplined within that sort of area, because if you just go into something, you decide to trade or whatever, I mean you could lose boo-coos of money just from trying to learn, but you could have done paper trading to learn just as easily and it not cost anything.
Speaker 3:There's some knowledge that will need to be applied, otherwise the money that you are wasting is also time that you wasted because it took you time to earn that money that you already had anyways. So I feel it's just as important that you not be wasteful in pursuing the opportunities too. So you need to have somewhat of a knowledge or experience under your belt as well, experience that's also wagered in money as well sometimes. But the other thing was originally going to say was we can actually play this game together up to six players. You can start a party up on there. So I know if that's something that you want to incorporate into one of these days that we do booktie or something, or shortly after or something.
Speaker 1:I think that's a great idea, and Sassy had a good idea along the same lines of maybe we essentially do like a grand finale. At the end we can do a little cash flow, get together and play. I think that's a great idea. But she did point out you can only play in private rooms of six, so we'll have to kind of get an idea of how many of us want to play. But I love that idea. That would be fun. I just don't. He sets it up as like yeah, we're going to be able to tell what kind of life decisions you make also and if you're a winner or a loser by how you play this game. So shit, I think all my flaws are going to be on full display and I'm a little nervous, but no, I'm excited. I think that'd be a great idea watch it.
Speaker 3:Show us what that adds. We do this one thing like you could have done that better, but if you read this book that I have, it'll unlock the full potential of your decision.
Speaker 6:I wouldn't be surprised.
Speaker 6:What I would say, too, though, is you might run into instances where much like with online poker because people see it as a game and not technically real like you're not going to make the same decisions in a game that you would in real life, and that's the issue I have with kind of that statement of you know, we're going to see who you truly are because, like in video games, you're not going to play things the same way.
Speaker 6:Like in a tactical first person shooter game, you're not going to run into a building, or you're going to run into a building and try and find the guys and kill them, but in real life, if you are in a situation like that, you're trying to survive. Like you're not going to go run into the building and go after the guy. I mean, that's a little bit more realistic, but it's the same kind of concept is if it's a game, people tend to have a different mentality, and a lot of times it ends up being trying to win the game. So if people have that mentality behind that, you might not necessarily get the same sort of like people doing things the same way as they would in real life. It just doesn't really factor in the same way, because people don't see it as real. They don't see it as realistic, so I don't know yeah, there's actually people playing like right now.
Speaker 3:I was very surprised to actually see that there were people actually playing it, but it does show that there's other people playing it in different lobbies, so that's kind of cool that's awesome good stuff, my friends.
Speaker 1:Well, I think this next chapter it was funny because you guys said a few things as we were talking and I was like man didn't this chapter talking about? Like working to learn instead of working for money? And it's because I kept seeing the title to the next lesson. Lesson six is work to learn, don't work for money. And I really liked a lot of your comments. Sparky mentioned it Da, I'm sure Ryan even touched on this, just the importance of educating yourselves, and I think we all can agree that we like that general statement and that general principle that he's going for, which is become smarter with money, like become more financially literate, have a better financial IQ, and I really agree with that. I think that's going to be highly dependent on your situation, on your risk tolerance, on your motivation, on your people skills, on your sales skills, on your management skills, on your tidiness around the office. I mean, there's so many factors that, like, as I'm reading through this, it's like, oh yeah, I bought a house and I flipped it and no big deal, and it's like, well, there was there's probably like 25 at least little home improvement projects that went into that, and I do like that he is giving little shortcuts and how to just be the middle man and, like my eyes and ears are definitely open and perked to like man, there are little money opportunities out there. I should start to become familiar with what they are. What are the good ones right now? You know I got into NFTs and Web3 with multiple different funny reasons. Making a shit ton of money wasn't on that list at that time. You know what I mean. Like I definitely can do better at like getting into opportunities and using my time to not just work on passion projects and I've got my career and that gives me an excuse to. But, like you're absolutely right, there's so many cool little opportunities where it's like, well, let's just put in a little bit of time here, let's get the ball rolling and get an additional flow of income going, and I do like having this, this motivating natural talk happening. So I really experienced just a boost in interest, curiosity, game plan goals. I'm definitely not going.
Speaker 1:I guess this is my difference with this book and other self help slash hurrah type books that I've read is a lot of them will get me, you know, like to put a vision board together and dream big and have these, these huge, lofty goals to shoot for and like this is approaching it differently and it's just like yo think about money differently, think about how people are quote unquote cheating the system. But here's the big news they're not everyone can do this like I don't know. It's a very interesting take and I do agree with sparky where it's like some of it does come off. Just even the title I have. I can't help but chuckle when I tell someone the title. Even my kids, what are you reading, dad? I'm just like rich dad, poor dad, what is that? I don't know. It just comes off kind of rude and so I do have like a little bit of like polarization happening with it because I really dig how different it is. But so I don't know.
Speaker 1:This has been a fun one and I love all your takes and I know everyone in the audience just specific people that haven't given their thoughts. I'm sure have some great thoughts on this as well. So any additional thoughts, put them in comments, put them in the discord. I love hearing anybody's thoughts and I'm I'm really enjoying being on a on a goal setting with, with money. I know, with the different books, even the fictional books we talk about, you know personal habits and we get into dad talk and this and that, and I set goals even with those. But this one has been fun to really just like. I got a little to-do list here. I'm kind of getting into specifics with this one, which is which is fun. I enjoy that. So I hope you guys are all taking something away from it.
Speaker 1:I love your guys takes sounds like everyone is, you know, jeek koon doing this in the sense of taking what is beneficial to you, disregarding that which is not. You know, making some of it your own. And I really, I really think this is a good example of every situation is different and everyone can kind of take something different from us each time they go through it. But I have been motivated. So, in terms of, you know, book review, it's kind of, though, one of those things like, well, let me read through it a few few more times and live a couple more decades before I agree with anything here.
Speaker 1:But it's been motivating, I'll give you that. You know what I mean. I gotta, I. I feel like it's gonna take a few decades for me to put into practice some of these, to be able to even say whether or not I can pull it off, or if it's it's my type of lifestyle, what I want, but it sounds cool to own a shit ton of homes and make a bunch of millions of bucks. I guess I can put up with whatever lifestyle comes with that. Let's go alright, ryan, I would love to hear any wrap up thoughts that you have, my friend and, and I love your, I love your high thoughts. So if you, if you just took another couple tokes with your green friend, your high thoughts are always awesome and full of love, so the mic is yours.
Speaker 4:Yeah, yeah yeah, yeah, I had to switch phone did you guys lose them, or is that just?
Speaker 6:yeah, I don't hear me, there you go you don't hear me, no, you gotta start
Speaker 4:over oh my goodness, can you hear me now, sir? Oh my goodness, my phone. I'm on the soga phone, I'm on I'm. I guess I'm having internet problems. I don't know what's going on, or maybe just the greens I? I just wanted to, I just wanted to type in because I did um, wanted to share something that I know a lot of.
Speaker 4:Well, no, I don't know a lot, but some people they disagree with the thought, but it is my opinion. But who set your goal? Visualize those goals, visualize yourself completing those goals and then, once you've completed the visualization, visualize yourself on the next step after that goal and what it's going to be like, feel there around you, feel the presence of all that, just to visualize it. Yes, it could be a dream, it could be a thought. Even if you don't accomplish that motion and that visualization and that time frame you're hoping for, at least you made the effort and you had dedication to something, and that, right there, should show you the fulfilling desire within yourself to move forward and to keep building and to build towards your dreams, even if your dreams don't always come true, but once in a while. But once in a while our dreams come true.
Speaker 4:So there's my thought, there's what I wanted to share, just because I was reading a couple little things this other day and it was a guy that I kind of followed along for four and a half, maybe five years roughly, and he really struck big in crypto, right, and I just don't understand some things, right, and for me to sit there and kind of be on the back end of his kind of like chat and sharing some thoughts he just said to remind everybody to visualize and put those things in place, put those motions out there and I just I feel like that's a thing that even in these business aspects, like sometimes those come to play, like you have vision boards and with your board meetings and you guys are plotting out these courses and stuff like that visualization, right, or whatever it may be but like just know that you know, keep your head going, keep those thoughts positive and even in the down times there's a reason to remind. So I'll let that be in there. Thank you for your guys thoughts tonight and putting up with my stone ass.
Speaker 1:I liked that. That was great. Thank you for adding that, and I think we killed it. As far as like book club, you know we always have a good time, but in terms of like someone listening to this in a, in a post man, you know not live manner I think we added some good little thoughts to this chapter. I might even listen back to this one. Thank you guys.
Speaker 1:Great thoughts and thank you to those that came through, and I do want to let you guys know there are some people that are in the audience. You're getting awfully close already to the VIP listener NFT. I just added Jay. He's like well over the stats and he finally was like hey, you know, I know I'm not to to everyone like I'm quite on time, but I feel like I got to be close to 10. He was so over 10 spaces and so just let me know I'll make sure I get you on that NFT list when in these spaces, as well as get you the NFT airdrop to you, you'll be able to enter the giveaway in the discord as well. So I do have a will of names here. Before I run this sparky, do you think we have a sparky song lined up for? Because I really I did not bring the sparky vibe at the beginning. I nailed it in different ways, but it was a little. It was a little hardcore.
Speaker 6:So yeah, I think I got something nice nice, alright, okay, my, I don't, I don't know, if it'll work, because I've been messing around with my headsets a lot lately, so it may work. It may not, but hopefully it does alright, nice, nice, nice.
Speaker 1:Okay, let me run a little giveaway here. We shuffle this up. Who's got a, who's got a number for us tonight?
Speaker 1:one through 60 50 oh, that's just like a solid number and I don't think we've run it before. So let's rock and roll that. That one gives you a little bit of time to pull up the song as well. I see what you did there. I see what you did. Good call, we've got a nice little running running a holders list of this VIP listener and F T I think it was number 23 that I minted an airdrop to, j. Oh boy, oh boy. It's always so tough with these big numbers because they slow down and I think they're coming to a stop, but, my goodness, dap might have taken a win for himself tonight. I'm telling you guys, these VIP listener and F T, keep sticking around, keep coming to the spaces. You'll start. You'll start collecting little little cash, little cash scores every now and then. I appreciate you guys coming through, and next Monday we'll pick up again.
Speaker 1:And this book is small but mighty, but yes, it is smaller. We're approaching the last few chapters here. So we've got nine chapters. I think it was. Yeah, it's a less than chapter, less than ten chapter books we're cruising and I'm excited to, you know, start talking about the next book as well. There's so many books, we've got so many options we're getting quite the collection, aren't we?
Speaker 4:and I just actually was organizing my pile of books from Panamania. I am stoked on them.
Speaker 1:I am too, bro. It's really you know when we started it's like one day we'll have a bunch of books and it's already there. We have a bunch of books already.
Speaker 4:You know I can see I read these. But those ones on that pile I don't know what the fuck. I've had those for 30 years.
Speaker 6:But these ones, I read those, hahahah so the page that I had up for that crash, so I just had to reload it. But my computer's acting up, so let's hope that it works. Are we good? Do we want me to start it?
Speaker 8:I didn't mean to interrupt you guys but in a role that was perfect, perfect ending, perfect everything music told you I had this one queued music, music, music, music, music, music, music, music music music music, music, music, music, music, music, music, music, music music music, music, music, music, music, music, music, music, music, music, music, music, music, music, music, music, music, music, music, music, music, music music music, more money, more problems.
Speaker 6:Bamboo book time chapter 5 done and does it, we're done.