What does financial freedom mean to you, and how can you build a legacy that lasts? Join us as we wrap up our insightful journey through "Rich Dad Poor Dad," where we've distilled profound lessons on financial literacy, independence, and the courage to reshape our future. We've grappled with the real estate market, reflected on the creation of a self-sustaining business, and shared personal anecdotes that underline the importance of passion, critical thinking, and a supportive community in our endeavors.
We dive headfirst into the nuances of entrepreneurship and Web3, unearthing the resilience needed to navigate these treacherous landscapes. Our candid discussions with my co-hosts and expert guests unfold the contrasting financial strategies influenced by our upbringings, the role of relationships in risk-taking, and the complexities of balancing ambition with personal sacrifice. We celebrate the communal spirit of our book club, recognizing the role of enduring literature in inspiring personal growth and the value of surrounding ourselves with individuals who fuel our drive for success.
As we round off this episode, we don't shy away from the stark realities—the need for vigilance against scams, the challenges of navigating taxes, and the universal pursuit of financial literacy. We also revel in the joy of recognizing the achievements within our community, sharing updates that fortify our bond. So take a moment, lean in, and embrace the potential for change that lies within these conversations. Whether you're plotting your first investment or refining your business strategy, let this be your catalyst for action and personal transformation.
FYI OUTRO
What does financial freedom mean to you, and how can you build a legacy that lasts? Join us as we wrap up our insightful journey through "Rich Dad Poor Dad," where we've distilled profound lessons on financial literacy, independence, and the courage to reshape our future. We've grappled with the real estate market, reflected on the creation of a self-sustaining business, and shared personal anecdotes that underline the importance of passion, critical thinking, and a supportive community in our endeavors.
We dive headfirst into the nuances of entrepreneurship and Web3, unearthing the resilience needed to navigate these treacherous landscapes. Our candid discussions with my co-hosts and expert guests unfold the contrasting financial strategies influenced by our upbringings, the role of relationships in risk-taking, and the complexities of balancing ambition with personal sacrifice. We celebrate the communal spirit of our book club, recognizing the role of enduring literature in inspiring personal growth and the value of surrounding ourselves with individuals who fuel our drive for success.
As we round off this episode, we don't shy away from the stark realities—the need for vigilance against scams, the challenges of navigating taxes, and the universal pursuit of financial literacy. We also revel in the joy of recognizing the achievements within our community, sharing updates that fortify our bond. So take a moment, lean in, and embrace the potential for change that lies within these conversations. Whether you're plotting your first investment or refining your business strategy, let this be your catalyst for action and personal transformation.
FYI OUTRO
you, you, you. You're a rich girl and you're going too far cause you know it don't matter anyway, you can rely on the old man's money. You can rely on the old man's money. It's a bitch girl, but it's gone too far cause you know it don't matter anyway. Say money, money won't get you too far. Get you too far, don't you know, don't you know that it's wrong to take what is giving you so far gone on your own. But you can get along if you try to be strong. But you'll never be strong. But you're a rich girl and you're going too far cause you know it don't matter anyway, you can rely on the old man's money, you can rely on the old man's money it's a bitch girl and it's gone too far cause you know it don't matter.
Speaker 1:Anyway, say money, money won't get you too far. Get you too far. High and high out of the rain. It's always easy to hurt others, but you can't feel pain, and don't you know that a love can't grow cause you're too much to get it, cause you're out of the nitty for the thrill of it all. Oh, you're a rich girl and you're going too far cause you know it don't matter anyway. You can rely on the old man's money. You can rely on the old man's money. It's a bitch girl and it's gone too far cause you know it don't matter. Anyway, say money, money won't get you too far. Say money, money won't get you too far. Say money, money won't get you too far. You can rely on the old man's money. You can rely on the old man's money. You're a rich girl and it's gone too far.
Speaker 3:You're a rich girl and it's gone too far so that was rich girl by Hall of Dotes, definitely singing about relying on daddy's money and you're a rich bitch for doing it. So that's what we're kind of talking about with this book is trying to not rely on our family money and to be a little bit more financially literate. Well, we're on the last chapter, or the last little bit of the book for our final book time on Rich Dad, poor Dad good stuff, sparky.
Speaker 2:Thank you, my good friend. The book has come to an end. We had some to-dos and some final thoughts that we read through and I'm excited to hear what you guys think. We've really kind of tackled all the chapters and had all of our conversations about the book. I think by this point this last chapter doesn't really reveal anything new necessarily, but I do like that. He kind of sums things up, gives us a little bit of a list and some final thoughts and obviously points to some other resources, which being his own, and come to find out he has some more in this series, the Rich Dad series, and he's got all sorts of other stuff going on.
Speaker 2:This last chapter, the to-dos all just go through the chapter summary and then read the questions. The first bullet point is stop what you're doing. Stop doing what you're doing. Is you take a break and assess what it is that is working and what is not working says look for new ideas. Find someone who has done what you want to do take classes, read and attend seminars, make lots of offers, jog, walk or drive a certain area once a month for 10 minutes. I thought that was interesting. That's obviously really relevant to real estate. Shop for Bardens in all markets. Look in the right place, look for people who want to buy first, then look for someone who wants to sell. Think big, learn from history. Action always beats inaction. So I like that that he went through a little bullet point list of here's some more things that you can do to keep this momentum going, and that's certainly what I would like to do is carry this momentum forward. I think I've already done a pretty good job of putting action items into place and putting them in motion.
Speaker 2:Tax season. I've been talking with my account in many ways, but it's been nice to just kind of wrap my head around my personal situation with taxes and this book was really relevant to get me to the point of asking the right questions and I got a lot out of this book. I don't know if I'll go into real estate. I don't know. I would like to. But at the end of the few chapters he's like what are you going to do now? That and that's what these questions at the end of this chapter are. Number one he says to do list inspire you or intimidate you kind of intimidates me, to be honest, all the real estate talk. So I've been pretty honest about that, that it's not my passion, so I need to become or find out how to become passionate to play with the big boys, I guess. Number two he does say what actions are you already taking from the above list? I feel good that I've kind of put some stuff into motion with my accountant.
Speaker 2:Number three after reading the list, which item jumps out at you as something you hadn't considered or fully utilized? What steps can you take to put it into action in your life? And so then he goes into the final thoughts and that, really trying to look here and see if there's anything I wanted to take away from that other than the questions. I'll just jump to the questions what's the first thing you're going to do when you finish this study guide and what are you waiting for? So I like that he's trying to get us to make a bit of a commitment with ourselves and take some action, and really that's the next step is to take a good piece of content and use it for good in your life. And you know, at this point I'm still not on, for me personally I'm not on a lot of the to-do list action items that he's talking about. I'm still on a few of my own big projects and I'd like to think that everything that I'm working on is working towards exactly what he talks about with having an asset that produces an income for you. And you know my compliance just these last few weeks we've the partners and I. We've really gotten in and getting every now and then we get our hands real dirty and shape stuff up and rearrange things and improve systems and all of it. So, but for the most part, you know we've done a pretty good job with our compliance business to get it in the right place for one of those little mechanisms. He's talking about an asset that can just work on its own and really we're, as partners, getting better at knowing when to keep our eyes on what things and when not to, and sometimes we get in trouble getting too involved and sometimes we get in trouble not being involved enough, and so it's. It's been fun to find the balance there to achieve having something that you don't have to have your hands on all the time. But we're not quite there. But it's exciting that we all have that goal and we inch closer and closer each year in different ways.
Speaker 2:Obviously, pandemonia this this is like a different thing for me, it's like a, it's like a lifestyle choice in some weird ways. You know, I of course want it to be an awesome moneymaker that my kids are proud of, that my family can pass on and be proud of for ages and ages. For right now, I I love spending time doing panda stuff, and so it's almost contradictory to what he's telling us is to find something that you don't have to spend time on, that you can have in the background making money for you, and I'm I'm just really loving having something that I do love. I've I've been doing business with things that I'm involved in that I'm not super passionate about, and so to find something that I do on a day-to-day basis that I am passionate about, I've really just enjoyed that experience and I I hope it lasts forever.
Speaker 2:But at the same time, you know, I would love the, the legacy, to live past my lifespan, and so I can't. I can't, unless technology lets me live forever one day and I can upload myself to the cloud and be immortal. I I need to, you know, make sure that everything is in place that if I do die or disappear, I can. Everything is solid and in place and it doesn't have to depend on me. So I you know, going through a book like this I obviously have all sorts of goals and I get excited and motivated, but at the same time it we all are in different positions with what we're working on, and some people might spend hours a day gaming and it might have zero to do with a career choice. Other people might spend hours a day gaming. It might definitely have something to do with a career choice. You know what I mean. And so I think each of us have to analyze our own paths, our own choices when we, when we read something like this, because you know, for me the real estate stuff doesn't quite hit home for me, but it's been so interesting that I can take everything that he is talking about real estate and apply it to anything business related, or money related, for that matter.
Speaker 2:So I'm excited to hear your guys's thoughts. I've kind of verbally vomited a few of my thoughts. I'm sure I'll have more come to mind. But good, good book for me. I'm again going to kind of stick to my overall recommendation thought process with this one. Is I really need to kind of recommend this one not to everyone, I need to be kind of picky and choosy who I recommend this one to and then just give them a few disclaimers. But I already know a few people that I'll be like hey, have you read this? What do you think about this s corp stuff? So I'm excited to see what some people have to say about it. Get their opinions. But no, I'm definitely going to recommend this one out. But, like I said, just a few disclaimers from my end. But I like to get the book.
Speaker 2:My book is the book that I really really liked. It got me pretty pumped up in different ways than most financial books or financial self health books have. So I liked the, the layout, I liked the study questions at the end, the summary. I thought it was a really, really well done. Especially for a book club or a study group or even just a study partner, this is a good one. So there are my opening slash, closing thoughts for the book. But to open up the space tonight, sparky, what do you have to say, my friend? Did you get through the whole thing and in your version did it have the same kind of a closing chapter and then another closing chapter? Some final thoughts.
Speaker 3:Some thoughts that talked about being in a 2000 bestseller and whatever I don't know. I just feel like it was a very I'm trying to think of the right wording Lackluster ending to a book. It just it felt anti-climactic in a way. It didn't feel like there was any big revelations. It didn't feel like there was any big aha moments with the book. We definitely had a lot of discussions about things and a lot of different takeaways on different subjects with it. I think it's definitely sparked some thought processes in some people and has helped foster discussions on growing projects in the future. But I don't feel like this book really is the end all be all that it tries to make itself out to be. I definitely feel like it's designed more in a way to try and sell you more on his project or his products and stuff. Just some of the stuff in the last little chapter, the last little blurbs Some contradictory things. At one point he does talk about how you don't have to have a lot of money to make money, but then goes on to talk about how I spend money on expensive courses and expensive things to try and educate myself and to grow my knowledge base. My friend had $7,900 that he turned in $300,000 because we found some bargains for him. At the end of the day, those are all great examples, but they all still require money to then create and make more money.
Speaker 3:In a society in our current timeframe, where a lot of people are struggling and they're looking to books like this for help in growing finances, it doesn't really give a great starting point in that sense, because people are struggling to make ends meet. They're looking for something. I get that a lot of people are looking for what's classified as a get rich quick scheme to some degree, but we're also looking for something that we don't have to babysit daily or grind daily to try and make a shit ton of money. We want something that is going to be something that is not easy, but something that is less stressful than what we're currently doing. I don't feel like this is really offering guidance in that regard. I feel like it's very vague on how to do things to some degree. Again, at the end of the day still requires a significant chunk of change to try and make any difference in your pocketbook, your bank, whatever you want to call it. You need to have some sort of financial starting point to be able to create more financial freedom for yourself.
Speaker 3:I feel like this is misleading in that sense, because at some points, he says you don't need money to make money, but then you do need money to make money. I think some of his points are good. If I go through the list, kind of like you did. The things that I would say on them, too, though, is stop doing what you're doing is never a good thing to say to people in any regard. The reason I say that is because what you're doing currently even though we classify doing the same thing and expecting different results as insanity if what you're doing is paying the bills or it's getting you by, don't stop doing it. Look for other opportunities, don't get me wrong, but you can't just stop doing that and try something else, because you're essentially shooting yourself in the foot. You're cutting off a source of income to try and do something different. Keep doing what you're doing until you get something that does come to fruition, if you're able to afford to expand in that way.
Speaker 3:Never, ever and this is the one thing that I hate about stuff like this. He says it at some points, but it needs to be reiterated for more people than what he's trying to portray is never, ever, do anything with money that you're not willing to lose, because a lot of things in the stuff that he's talking about whether it's real estate, whether it's stock investments, whether it's the crypto world that we're in a lot of it is highly risky and likely that you're going to lose a lot of money before you ever gain any money. If you do somehow luck out and hit a huge win, that's more rare than it is to bet on your first stock and make it big. It's more likely you're going to lose. It's just the nature of it and a lot of people in those industries who have gone through that process tend to say that's your education. That's like you're spending money to learn the ins and outs and even though you've lost on this stock and you lost on that stock, that's you essentially learning how to do it. Now you can do it in free ways by paper trading, but the paper trading isn't the same degree of risk and reward and feelings. A lot of times that you're in one of those paper trades you don't have the same feelings as you would if you were using your real money. So it's not the exact same kind of concept. More emotions play into it when you're utilizing your actual money than if you're doing paper trading. Paper trading is very good for doing the logical aspect of things buying when you should buy, selling when you should sell, learning all those aspects but because it doesn't have the emotional component of this, is my real money that's now tied into this people.
Speaker 3:Look at what happens with NFTs. It happens every day with crypto coins. It happened with GME. People bought into GameStop I'll use this as a good example. But people bought into GameStop because of the hype that was around it. But they did what some crypto people call round tripping it and they bought it and as it went up, they never took profit. They wrote it to the top but then it came crashing down and to this day, are still holding it and are actually in more debt because of it. They're down like $10,000 or something because of how much they put in and how much. It's not worth as much now. So you can definitely have your emotions tied into it and get screwed over because you are hoping that it's going to be this amazing thing, that everyone's hyping it up, that it's your moon bag or it's going to go to the moon, it's going to rock it. The diamond hands this.
Speaker 3:Forget all that fucking talk and just play it logically. It's easier to say than done, but it's just one of those things that you have to use more logic than emotion. I'm getting a little off track with what I was doing, but this is the education side of learning these new ideas, these new things. As we tie into looking for new ideas and talking about stopping what you're doing Again, don't stop what you're doing. Keep working, but look for new ideas and if they end up being some of these things like stocks and whatever, great. But don't think that you're going to hit it big on every single time you do something.
Speaker 3:The point where he says find someone who has done what you want to do, it's a great idea, but it's like looking for a needle in a haystack, because finding someone who is well versed in that and who has a lot of expertise in that, it goes back to what we were talking about, where people he's trying to talk about people not being experts and then people being experts and whatever. When you have someone who's an expert in something and they've worked hard at it and it's been their lifelong career, they have a knowledge base that you can go off of. But if you're going up to someone who is doing something and they don't know the full ins and outs of it, asking them for advice on it is almost like the blind leading the blind, because they got into it because of something that they read or heard about, but ultimately they don't have enough knowledge on it. They may not, I should say, have enough knowledge on it that you need to be able to successfully pull it off. Finding someone who has done it is not a bad piece of advice, but it's definitely something where, again, with the critical thinking aspect of things that I keep talking about, you have to be able to take what people say with a grain of salt and not take it as gospel that it is the best advice or the best answer that you're ever going to get. You have to be very cautious in that, because people aren't always going to have your best interests when they're telling you stuff. For example, look at the crypto space and look at how many of these quote influencers who are pumping their shitcoins or pumping their projects or whatever they're doing it, and they're basically shilling you something that they're trying to pump up so that they can be you can be their exit liquidity. Essentially, you really do have to be careful in who you're listening to, who you're taking advice from, because they could be out to get you. They could be completely self-motivated when they're trying to teach you something. That's not entirely factual with things that are like the real estate market and things like that. But you still you have to be careful to some degree.
Speaker 3:Take classes, read in the 10 seminars. That's all well and good, but again it goes back to the same thing. Why are you taking these seminars? Why are you taking these classes? Is it from a guru who's self-appointed, who says I'm an expert in this field? But at the end of the day they're again self-appointed and don't actually have a leg to stand on in that argument. They really aren't an expert. They really shouldn't be teaching that stuff.
Speaker 3:We've had many instances in our history where someone talks a good talk, but at the end of the day they're full of shit and they're not actually doing what's best for everybody. Again, it's a loose tie-in to the classes and stuff, but also tie-in to find someone who has done what you want to do. Look at the whole Bernie Madoff situation, where here's someone who was trying to sell people on this pyramid scheme. Basically, if I sell it to you and then you sell it to three people and those three people sell it to three people and at the end of the day, I'm making money and you're not making money, but everyone at the bottom is getting shit on, but I'm making billions of dollars that I'm investing into stuff that's not actually ever making it back to you. It's a scam and you have to be careful with that.
Speaker 3:At the end of the day, some of these seminars, some of these classes and stuff are very sketchy. I question the validity of them, especially when we have this wealth of knowledge out there online with YouTube and other sources of free educational information. I forget what I was watching, but there was some YouTuber out there who was talking about how he would go onto Harvard's website and they would post specific classes online for free. They just had to know where to look to find them. You could basically take a Harvard-level class and get all the information that they would get in the class without having to pay a single dime. Why are you paying $500, or I remember someone telling me about a specific famous guru they were paying to go learn from, or whatever, and it cost them something like $300,000 for the year or something stupid. What the fuck are you spending that money on? Did you get any kind of return on that investment? That's a waste. That's a fucking waste of 300 grand. Talk about doodads. That's the worst doodad you could spend money on, in my opinion, because it's definitely not giving you that kind of return.
Speaker 3:He talks about also making lots of offers on things, and I think that's very smart too, because you never know if your offer would go through, but at least it's showing that you have interest, even if it is a stupid offer. I would definitely recommend not making stupid offers, but making an offer that's reasonable is not a bad idea. It again, that's more to do with Real estate, then, than anything. You have some ties into Into Retail as well, but you know, when we're dealing with things like crypto and stocks, you can't really just make an offer on that stuff. Really, those things are tied to a specific price point and the only way that your offer will get taken as if it moves up or moves down to that point. But you know he talks about a lot of stuff like finding good deals and that sort of thing. It's, it's not a bad concept to live by.
Speaker 3:I'm not I'm not an overly big fan of Gary V's, but I look at the, the concept that Gary V says about. You know he would do the mug thing, where he'd go to different, different garage sales and find mugs that were, you know people were selling for like two bucks or a quarter or whatever, and then he'd go on eBay and they'd flip it for five bucks or whatever. He'd go and look for the, the dinky cars or whatever you want to call them, the toy cars, and he, he would buy up bins of toy cars, the hot wheels and whatever, and and and then turn around and flip them on eBay for you know a pretty penny. I remember Hearing a story I think it was through him or someone else about someone who Did this couch flipping business where you know people would post on. I think at the time it was it was it was Kijiji or it was Craigslist, but I think it was Craigslist. But they post free couches, kind of like you know getting rid of this couch, come pick up this free couch and You'd find them all over and he'd just go with a truck pick it up and then he would turn around and sell it for a hundred bucks and it's like People want a couch for a hundred bucks, right Like it. It's cheaper than spending sixteen hundred bucks or or thirty two hundred bucks of the store and if they didn't get the free one because they didn't see it, you know you just made a hundred bucks off of a fucking couch.
Speaker 3:I had a similar idea with pianos. I saw a lot of pianos going for free in my area. But you know, pianos, you have to know your market and pianos nobody buys pianos anymore. That's why they're all going for free on on these sites. They're hard to move, they're hard to sell and so you know, I see on Facebook marketplace and all that around me there's a lot of pianos for sale.
Speaker 3:But yeah, it's all about looking for the good deals and the right, the right ideas. It's. It's again looking for new, new ideas that come to your your, come your way and Doing what feels right to you. If it doesn't feel like something that you think is is a good to play or something that you feel like you could really Accelerate, don't do it because it's it's not gonna go well. The jog walk or drive a certain area once a month for ten minutes, it's. It's not a bad idea for If you're trying to scope out neighborhoods for again real estate stuff. It's also not terrible if you're trying to do the whole garage flipping thing, like the garage sale flipping thing, but it's not great if the only thing that it would be good for especially if you're jogging or walking as your exercise Like it's not gonna benefit you outside of that. If you're not trying to buy real estate. It's just it's not not going to be a long-term beneficial thing.
Speaker 3:Shop for bargains. I think I think shopping for bargains at all markets is not a bad concept either. I think that we Sometimes as consumers I know, I know for myself my wife, who does a lot of the online shopping or does a lot of the shopping for us it's it's done at the big box stores and a lot of times the big box stores, especially here in Canada, they actually own the small, the smaller stores, the smaller rink eating stories that you have around you. There's. There's usually one parent company who owns like all the different tier levels and the lowest tier level Store that you know tends to have things cheaper and on sale a lot more often. A lot of people don't want to go there because they think it's like the, the bargain store. It's the cheap store but they tend to have the same shit a lot of the times and Sometimes it's the same stuff at a fraction of the cost. So some of the bigger stores will do the price matching with ads, stuff like that, especially if it's in the same quote brand. But yeah, definitely shop for bargains.
Speaker 3:You know we have these computers in our pockets now that allow us to Compare prices across multiple different avenues. If you're trying to buy something for your kid for a birthday, go on multiple sites. Don't just take the first thing that you read. If it's Amazon and it says it's 80 bucks, go check out Costco. Go check out Walmart, get that. I understand that you know Amazon is next day delivery or whatever. But at the end of the day, if you can save 10, 15, 20, 30 bucks on doing something like that, fucking do it because it makes sense. Now it doesn't make sense if you know your, your Walmart's like an hour away and you can just gonna cost you more gas. But you got to weigh all the options and figure out what makes the most sense. If you're going to Walmart for multiple things and it's cheaper to get it from Walmart, get it. When you're going there, like use your brain. It goes back to the whole critical thinking we need to start using our brains more. And it also goes to look in the right places.
Speaker 3:Goes back to his education he talks about. You know, his friend bought a condo for a hundred thousand. He bought it for fifty thousand. He bought the same one for fifty thousand and he was able to do that because he paid five hundred dollars for a class. It's, it's all about educating yourself and knowing what to look for. And, again, you need money to do that. You need to. You need to expand your horizons and Learn these, these avenues, especially if it's something that you want to get into. I Stress, learning as much as you can about something that you're trying to get into.
Speaker 3:Like, he talks about real estate a lot because that's his thing, but if you don't know the ins and outs, you will end up losing more money than you make if you're not doing it properly. So you know, find all the tricks, find all the hacks, as you, as it were, to benefit yourself in that. Again, this is a lot of stuff that he Should be saying in this stuff, but he doesn't really expand a whole lot on. He does kind of say it to a small amount, but they're bullet points and they're not really expanding on, and that's why I said at the beginning of my little, you know, 30-minute rant that I've been going on right now or what, however long it's been. He doesn't, it's lackluster, he, it's a very Anticlimactic because he doesn't really give you a lot. He gives you a lot of small tidbits but not a lot of information about any one thing to really make it beneficial.
Speaker 3:Look for people who want to buy first, then look for someone who wants to sell. I mean that that's a great concept. In general, you look at the people who are wanting to buy something as Kind of a gauge on how much you can sell something for, and a lot more often than not especially like one of the things that One of the communities that I belong to will get too into depth of what it is or what. But they have a buy and sell section on their website and you know some of the people who are saying, like you know, it's a WTB want to buy and WTS want to sell. Want to sell is always higher than the want to buy, so you know that the people who are wanting to buy aren't willing to pay the same price of the people who are wanting to sell for. So it's in instances like that it's very hard to be like okay, I can go get it from this guy for you know $700, but this guy over here wants to pay $500 for it. You're not making a profit in that. So it's very difficult to try and make a profit in that sense. But in some instances you may find that that diamond in the rough where you can get a good deal on it and negotiate a good deal, kind of like what he talks about with buying a piece of property for Cheaper than what the guy was like listed it for. It was like a hundred or something. He bought it for 75 and you know he was able to piece off a portion of it and sell it for the price that he paid and it's now free or whatever. It's a lot different than those scenarios.
Speaker 3:Think big is another one of his points and I apologize for me rambling off for so long here. But Think big retailers love giving big volume discounts. That may have been the case a while back, but it's not so much nowadays. Again, there a lot of retailers are trying to gouge you as much as they can Because they're trying to make as much money as they can. Awful stuff, prices on shit have gone through the roof, especially here in Canada, for groceries, for for everything. So if you're wanting to, you know, get volume discounts on stuff, the the only real way to do that is not through, you know, local retailers and retailers in your vicinity. I'm not talking about mom and pop, but I'm like even like Walmart and things like that. Walmart You're never gonna get real big volume discounts from anyways. But there are options that you can look at, like Ali Express and some of these other direct from China things that people use for drop shipping and that sort of stuff. You can get Pretty big volume discounts and stuff like that. But you can also go to places like Costco and get, like you know, big boxes of apples and shit for cheaper than what you're gonna get at the retail outlets.
Speaker 3:So sometimes buying in bulk is good, especially like you know. Look at, we have a place in Canada called bulk bar. I don't know what you guys have equivalent down there, but they do bulk food. You know you can go in. You can get spices, you can get salt, you can get pepper, you can get I know those are spices to you, but you can get candies, you can get like so many different things that are in bulk and they're they end up being cheaper than what you'd buy from you know, your, your big box stores.
Speaker 3:Learn from history is it is a big one. That, I think, is something that everybody needs to listen to, just in general, because we keep repeating history and we keep. You know, it's not even about looking at the, the positives and the, the wins that people have got, and but, you know, look at all the shit that we've we've done and how we've, you know, lost a lot in these certain avenues. History just keeps repeating itself in a lot of ways, and we aren't largely learning from that. We keep repeating a lot of our, our errors or problems, and Even look at like there's.
Speaker 3:There's a good movie that anyone who's thinking financially should be able to do. That who's thinking financially should watch, and it's the big short, and it talks about the financial crisis that we went through in 2008 more so the US went through than Canada but the housing market and how it crashed. But the one thing to take from it to, though, is at the end of the movie. They say they've already started and this this is again. Like not long after that, this stuff took place. They've already started redoing the same shit, and that's where we're at today is we're looking at another financial crash happening in the near future because the banks have set themselves up the same way that they were set up back then and there's a lot of properties and stuff that are gonna wind up defaulting and it's just gonna come crashing down again. We keep making these same mistakes and that's great If you want to learn to make money, because now you can see, you know, as things come down, you can either bet on the downside or bet on the upside and make money that way but I definitely think that it's also a good concept for us to To take in on our own selves, to learn from history and learn what not to do and where not to be stupid in that essence, because you know we we constantly make stupid decisions based off of, you know, fomo or whatever you want to call it.
Speaker 3:But if you were to go based off of history, we shouldn't be doing that shit. So I don't know. The last point you know action always beats in action. Again, it's a, it's a bullet point. That's all he says. Action always beats in action, but sometimes in action is there because of many different reasons and you could have crippling fear that's holding you from from acting. You could have many reasons that are holding you back from acting on things and that's not discussed in that bullet point. So as much as action can defeat in action, sometimes action is very difficult to do for certain people, for certain situations.
Speaker 3:As Lane said when we first started talking, we are all in different situations. We're all in different lifestyles, different, different countries, different. You know we're on different walks of life, we're on different bubbles in our own right and Whatever it is that is debilitating you from, you know, being able to act and and have some action instead of your inaction needs to be dealt with before you just say let's go do this thing because it's just gonna keep hindering you. So as much as we want to say, you know, just go do this thing and get out of your rut, that's easier said than done, especially if you are in a psychological rut. We don't talk about it enough in our society that we need to be able to, to seek help to get us out of these, these ruts, to get ourselves Motivated to be able to do stuff, and this goes across the board, for everything. It's not just about finances and you know, learning to, learning to be financially literate. It goes for everything, whether it's you wanting to get healthier or you wanting to learn to jump higher, as Lane wants to, or Whatever the case may be, get out of a shitty relationship. Whatever you, you sometimes need help to get that that process started. Sometimes all it takes is talking to a friend. Sometimes all it takes is is is talking to a loved one, and sometimes you need More substantial help and and I think we need to discuss that more in some regards.
Speaker 3:I know that's a lot and I've said a lot about all this shit, but at the end of the day, like I said, I feel like he he does a lot of Scratching the surface and doesn't dive into the the real meat of what needs to be discussed. And that's one of the biggest problems I've had with this book is it just feels like there's not a lot of solid information. It's all just the basic start to things, and I'm I'm you know I'm not Trying to be your advice or your guru or your guide in this, but I'm seeing a lot of holes where I feel like there's not a lot of Information provided. And here I am spouting what I think should be done in that regard and, as I said last last week only, when we talked about the stuff, take everything I say with a grain of salt. I'm not, you know, some guru that's out here who knows everything about everything, and I just, you know I, have my opinions on things and I I've seen a lot of stuff and as someone who sat back and observed a lot of things, you know you can tend to start to piece things together and have a good opinion on things. But even then I'm not, you know, I'm not the end. I'll be all knowledge.
Speaker 3:I'm still learning as I grow. I'm only 36. I'm still learning things. I'm still growing. Fuck my, I only have a four-year-old, he's almost five. I'm still learning how to be a father. I'm still learning how to I. I'm still learning how to fucking make money myself. So I'm just trying to give you, you know, what I think is my best opinion on the holes that I'm seeing with, with what we've read in this book. Take action is great, but if you are Stuck because of this, that are the other. Taking action is is gonna be hard. So I would further that by saying Reach out to someone, ask for help, don't just think that you have to do this on your own. I don't know.
Speaker 2:I've gone on for a long fucking time so I apologize for that, but hey, that was good shit and you know this is a book club and we're here to analyze the book. I think it's it's right up the alley to pick it apart and ask questions and hey, Maybe this is missing, and and at the end of the day, hey, reading a book you do want to come away with like, okay, how do I want to present this to someone? And it it's just really good to have a good, well-prepared Little elevator pitch about the, the book that it's like yeah, I liked it, but I, I love getting good book reports like that. It actually makes me want to read it. More Surprisingly, if I get someone that picks it apart, it's like that. That sounds like it's a pretty juicy book. Actually. I, I kind of want to see even even though it might have some flaws or some some holes that I really appreciate. And you guys know I'm the I'm the happy go lucky book review guy. I'm just like I loved it and so I love having a backup like Sparky that will will pick it apart, because I I Really agree with a lot about what you're saying, because I summarize it a little bit by saying I think I might have a bit of a disclaimer and everything that you're saying is kind of that disclaimer that I'm talking about and I'm gonna come back to you, sparky, about the next round and and Some more book ideas.
Speaker 2:I did want to point out We've got my man in the house. We got conquest up on stage. Thank you guys for coming up here. I can't wait to hear your thoughts on whether it's this book or the next books I'm gonna. I'm gonna come back to you guys with some questions here. I did want to Turn to Dap and Ryan. I know they've been reading along. I wanted to see what your guys's thoughts were here on this last chapter and Just keep in mind, after we kind of review this stuff I do want to talk about Future books are kind of plant that in your minds, you guys. But yeah, dap, what are your thoughts? My friend?
Speaker 5:Well, as far as being a book about money and Getting into a mindset of, you know, obtaining it and having not completely in depth Information on all of it, I felt that I felt and this is also because of my background, so I felt to do the decent job of Allowing someone to probably, like you know, open up the can, so to speak, and allow the, the processes and the wondering to happen. I guess, kind of like a Kind of Like an appetizer in a way to make you thirsty For more knowledge on how to do things. But then those of us that may have already have business experience, some of those things we may already know about or it may have lewd towards, but we may not have thought in the same direction and it was a it's a unique experience being able to explore different routes that are takeable and Some of those things you know, I could, I could just understand that, you know, oh, that's what he's talking about there. Okay, so that's where I can look at, you know, this one specific thing that I know more about Regarding business in that way, or, you know, real estate or whatever sort of strategy he had imposed, and be able to, you know, dive into it more on myself.
Speaker 5:As for me, this book has made me super, super motivated on my business stuff. It's pretty much got me out of the rut that I've been in, just by making me think more, and I really needed that Probably. We've had like a record month at the shop and like I don't know if it's coincidental or if it's been because of I mean, I decided to know. Hey, I was. I was just working on Tuesdays and Thursdays as needed at the shop and then were you also paid yourself right.
Speaker 5:Yeah, and I paid myself, yeah, and then I had like one of the Worst yet best things that could have happened last week I had a cuss. So the story is I have this one client they they do automotive manufacturing, like for for parts, for their injection molder that make like door panels and all the like console and stuff that goes inside of your car and things like that and and different things. They're made out of plastic for for you know, different products. Well, we acquired them in like 2020 or 21 and then I guess pandemic stuff made them where they were. We we handled their stuff with like MSP work, so we would like manage a monitor, all their endpoints endpoints or computers and their server and they would. I guess they didn't see the value because nothing was going wrong, which is when you probably should see the value. It's when none of your stuff's breaking. So so they ended up going with somebody cheaper that was closer to them for a year and then so last year we ended up acquiring them back.
Speaker 5:There was a shift in in management there. The the girl that I had been dealing with the most there ended up getting promoted to general or either general manager, plant manager, and the owner had passed away at that time too. So there was a complete reorganization and she was like I gotta have you guys back. So we got them back and then they weren't on a maintenance plan or anything like that and stuff. And then last week something happened to the server room. I don't know if it was something involving a high amount of power or if it was a lightning storm, but it ended up taking the server out, along with the backup as well. So I had to send eight hard drives out to Texas to perform the most expensive service I have ever seen. On paper, their sage file, which is what they use for their accounting. It handles all the raw materials, build, the laden, shipping, all the builds for the parts you know, like how much materials in it and how much labor is in it, etc. Everything the ISO certification, sub quality on them, all the people, social security numbers, payroll. Since the beginning of the inception of the company. It was all on there and eleven thousand dollars to get that back, which is insane to me. So they weren't able to do anything.
Speaker 5:I was able to get their server a server. I had a server and I took out there and I got it going for them so they could at least capture, like from that day forward, while we dealt with the other thing. But and now I found out the insurance is going to be covering this as well for them, and now they have a budget that they're going to allow them to put in, which is it's ridiculous, the amount that they are going to let them use to rebuild everything, far in excess of anything I would have ever thought. But I told them we'll get you whatever, whatever you want. Pretty much this.
Speaker 5:This is like a shooting star moment like this never happens this sort of stuff normally, so ends up being like a blessing in disguise. You know like, oh shit, your data, but here's all these assets, so it, it's gonna be. Yeah, so that's just one. It's just like a luck thing, I guess you know I don't know how else to say it for that, but but that's definitely an opportunity that I'm getting to take advantage of with helping them get their data back and get everything else up and going.
Speaker 5:And now I was like and now we can do a maintenance plan again, because now, you see, there's no time like selling when literally everything's on fire around you. Would you like this fire extinguisher? Well, fuck, yes, I want the fire extinguisher. So, yeah, you know, super, it's a perfect time to sell, as during something like that, unfortunately, but it is something that they do need. So, like now, you see the value of why we were doing that and you got rid of us and now you brought us back, but then you didn't want to do a maintenance plan so now you see, but yeah, so back to the book.
Speaker 5:That was about about, yeah, my little life going on right now in business. But I think that real estate is a good. I mean I've owned, I've owned. I owned a piece of commercial real estate was the first thing that I bought. And then we bought our house and then I bought another piece of commercial real estate. So one point in time I own three pieces. So right now I own two pieces real estate and I mean all this stuff for us has gone up in value. I mean it's better than having it in some investment markets. For how much it's gone up since. I mean in the past six years now since we bought it. I mean it's it's like over, it's a it's doubled. I mean that's insane, a hundred percent games insane. But I, I did. I think I'd said this before, but I have signed up for some of his free stuff that he does have out there, and it's mostly from signing up to play the game. I get an email from Robert in quotation marks Robert every day in my email and it's kind of cool.
Speaker 4:I kind of find it in the knowing, to be honest.
Speaker 5:I like it, man, I like it. I don't like when it's like, hey, here's a, you know, here's a ticket to go do this shit, that's free or whatever. But I had one, though that I went and I watched it live, and then you had a guy I mean obviously Robert wasn't there, but he's got a guy that I guess handles his investment stuff, but he also has like a course on trading. But the way they trade is is different, though, than what I'm used to. You know, whenever you're talking about trading, it's like oh, you know, buy low, sell high, you know, make money. Every trade sort of deal.
Speaker 5:Their strategy is different. It's they're buying stuff when it is low, but it has to have dividends, and then they don't really care whether it goes up or down. They just continue to use the dividend payments to purchase more, not of the same, but possibly the same other stocks that have dividend payments as well, and they use that as the power of compounding is what they call it, and then they continue to do that. So eventually, after, like you know, it was like 20 years, even if the stuff you know was that a loss, as long as the company is a strong company, then it should still be around in 20 years and the dividends will pay itself off. And then you just have little money. Printers is what he's called them. They just sit there, you own the stock and then it just pays you out the dividends, like you got the stock for free. So that's what they're doing. But I mean that's, that's a long-term hold sort of thing. So I don't really consider that trading, I consider that investing, but but that's that's what they do. I know that's it, that that same philosophy is here in web 3.
Speaker 5:I'm sure a lot of people have bought NFTs and go, oh, we're gonna stake these things. And then you stake them and then they print out some sort of something coin and then you try and sell that and then you know, be the same sort of principle. But it's been going on for a long time out in the stock market with the dividend payments. So it is definitely a way to cut out your risk with the stock stuff that he was talking about in this email. But you know, if it's gonna pay itself back, then it's not as bad. Still, you know there's risk involved with all of it, all the stuff's risk. I mean you take a breath in the wrong place. It's a risk. So you know all of this getting in your car, etc.
Speaker 5:Get on a plane going going for a swim by yourself. That's a pretty big risk. You never know what might happen. You have a heart attack, you could pass out, all sorts of different things. My wife's uncle, he used to go kayaking by himself on the river and I was like that's not a good idea. Nothing stops that river. Every bit of it can stop you.
Speaker 5:But the book, I liked it. It has. It does have. I hate it's a good selling point and stuff, but yeah it.
Speaker 5:It does make me a little bit curious of what the other ones have and I saw there's like one for like your kids and and other stuff and I don't know, but I mean Sparky's right where he didn't go, you know, into too much detail specifically, but I mean, you know I felt that the book did stay on topic with what it is. I mean it's story about him and his two different types of fathers and comparing them for us to understand the, the different operations that they did and the outcomes. So if you were to also compare you know other fathers that would have followed into rich dad and poor dad, you may have also potentially saw rich dad actually may not have gotten rich. Rich dad may have been way poorer dad as well, but you know, I mean it just depends on on the cards that are dealt, but I, as far as from what I've experienced in my life and what my background's in, what he does have there is, it's it appeals to me what he has. I'm not going to continue to pursue what he has to offer, but it definitely highly motivated me to, you know, want to look into things more and it did help me sort of like unlock my mind more to be more open and and explore new ways where I was set in my ways, which were, you know, I already live in unconventional ways.
Speaker 5:You know, being an entrepreneur is not for everyone. I mean, you know, like my dad's completely different than I am when it comes to finances, I mean, and and that's just how it is, and like the people that work for me. I mean, you know, like if I it's like he was talking about you know, people never ask you know how I did it. They just ask for a job. So you know it's it's completely different people out there, as being an entrepreneur is very unique and it's it's a different way of life and a lot of times it involves a lot of sacrifice in order to be able to get to where you want to be. So I think I think I kind of feel like that's what he's saying when he's saying, you know, just go do it or just stop.
Speaker 5:What you're doing is it's, it's a bit of sacrifice, but you know, depending on your life situation depends on how much you are able to sacrifice. I sacrificed before I had children and before I got married. So I mean, the longer you wait and the more things you do, obviously those are more things that add on to what you are going to be able to do. I have. I have a client. He's been engaged for like seven or eight years. He's been married twice before that and I mean he owns like a horse magazine and he owns a print and company and something else and all this other stuff and everything has no kids.
Speaker 5:Robert Kiyosaki, it's got no kids and that is huge bearing on yeah, yeah, often times I see really wealthy people that have no children and I mean it depends on what kind. I think a lot of it has to deal with what kind of foundation you're asking. Get before you get to where you're actually using the foundation. Like you, you have the foundation, then you build and then what you got is what you're gonna be able to improve on after that. You, a lot, a lot of that you're setting up. You you're building your bus for the future a lot of times too.
Speaker 5:So it I mean it depends, you know, like I mean, like luckily, I also have always I feel like I bring her up a lot in this space. I have an awesome fucking wife and she's able to allow me to do what I'm able to do because she can completely support us and everything. So I mean you know I may be one day all this will pay off and then she won't have to do shit. That would be great, but I don't know if she's the kind of person that would be that way either. And then I've got other things coming up. Like my dad, he's let's see if this is 24. Now he's 64. You know what next year is? That's retirement age, 65.
Speaker 5:So he also gets a senior citizen discount on the stuff he's the kind of guy that would probably not do that just because he wouldn't want people to know how old he is now. But yeah, yeah, I've seen your discount everything. He'll start drawing social security. I don't see the guy ever quit and work. Honestly, I just don't see it. He is. He listened to Dave Ramsey every morning on the way to work and any time I bring up debt it's just like it's a sin. It's it's the. It is the worst thing possible. But I mean and I've seen more tit-tocs, not even about, you know, robert Kiyosaki, but there's, there's two other guys too that are floating around in tiktok land that have gotten pretty big, and they were talking about how you know.
Speaker 5:You know debt. It's got a big stigma on it, but then that's because the geropopulus has what's called consumer debt. Is the credit card debt for buying the due dance or you know not being able to have either an income or the assets, and then you have to pay. You know you have to. I mean you got to use what you got to use. I mean to get by, but I mean that's a that's the bad kind to have. Is the consumer debt. But I mean, if you have debt on an asset and the asset is generating an income on its own or with minimal interaction. I don't see that as being a bad type of debt. I mean that debt right there was able to get you what you needed to do, what you needed to do, and I mean I've actually gone through the motions of doing exactly that with the storage units I had.
Speaker 5:So it's the way of doing passive income. I mean there's I don't know of many. I really don't know of any passive incomes outside of real estate. Really, if anyone knows of any, if you get up and speak, please share, because I don't know and I would love to explore them. But yeah, so all in all, I like the book. I'll probably still have it. I mean I've got me and Jacqueline have it on Apple, on the books or whatever. So we got the audio book. I mean there's probably times where I'll have like a little setback or something business wise or I won't be feeling mode of it and I could totally see myself just listening to this again for like years. So that's my take on the book. I liked it, I would read it again and I know I will read it again. But yeah, it does make me curious about some of the other books but, like I said, I'm probably not going to pursue them and this source Sparky goes he's totally got to pursue them.
Speaker 2:Well, and you also have modern social media. You can follow these guys in real time and it sounds like he stays plenty active on social media on the different platforms. So that's pretty awesome too, with the modern tools. It makes me wonder about some of the you know, if Del Carnegie back in the day, if he would have been on social media, he would have been active and seems like these self-help guys like to stay plenty active on social media as well. So that's a good take from UDAP. We've got a positive review with positive experiences, even kind of giving a little bit of credit to some of your business success. I don't know. It sounds to me like you're hitting things hard and fast this year with business and that sounds like you can give a little bit of credit to some motivation and even perhaps some ideas. So that's pretty exciting.
Speaker 2:But yeah, I am curious from all of us what kind of book we would jump to next If we liked this or didn't like it. It's like man, I still want to dive deeper into financial something or other, and it would be interesting to see what kind of topics within finance we want to dive into further, because after one book it'll kind of give us a taste of what we want or don't want. Now, me personally, for example, I would love to dive into some tax books. So boring, that's what I have to look forward to after this is like, oh, I'd love to get in and get to really know the corporation stuff. So I bring this up because you're like, oh, I might or may not look into his other products.
Speaker 2:I'm going to see what he does have on further tax information. I won't lie, I liked how he described things. I'm definitely going to check out what he has to say on taxes, and so that might be something that we might want to check out just individually, if he's got other books that might interest us and if we like how he communicates it, or just look into some other topics. That's another great thing that a book can do is just get you fired up for something more or something different. So I'm kind of on the tax stuff, that stuff. I hate taxes, man. They just so much it's really, really uncomfortable every single year. I don't enjoy it. So I'd like to enjoy tax season. That would be a really, really fun experience to enjoy tax season.
Speaker 2:Yeah, I hate taxes too, man, I remember when I was like 19 or like 14, I enjoyed taxes. It was like nothing, and I usually got something back. And as you start to have kids, you're like oh man, now I'm going to get some better taxes. It's like what, that didn't do shit either.
Speaker 5:I mean everyone that I know and associate with. They look forward to right now because they get a return and I have to pay in.
Speaker 2:It's rough Entrepreneur life is really. That's something you have to consider. Also is jumping into this. The tax stuff is different. It's not like paying you just get paid as an employee and it's pretty straightforward. And I don't know, though, this has given me some excitement to play with the system and see if I can't have some better output and out some results that I can be excited about.
Speaker 5:Yeah, I had to completely reorganize probably.
Speaker 2:Yeah, it's like, the minute I get my taxes done, I'm already going to start stressing about next year's taxes. And if I could mentally have like a different outlook on that, where it's like, yeah, baby, tax season, here we go.
Speaker 5:Yeah, I mean tomorrow our property taxes are due. Yeah, so I got to remember. It's not that I don't want to go do it is that I just haven't had time.
Speaker 6:So I got to go buy there and then.
Speaker 5:And then I mean you got property tax. You're paying property tax on stuff you already bought and you paid tax to buy it already. And then you got sales tax on stuff that you bought but you already paid an income tax for the money that you had come in and and and then there's when you die or when you sell taxes, or when you sell stock or capital gains tax, and then when if you don't pull out, if you put have to have an emergency or something, you pull money out of your IRA, then you got to pay penalties. And then there's, there's, there's so many different ones and there's so many double dippers to people don't even realize that we are literally taxed to death almost. I mean, which seriously are that I can see how you want to die more into tax. I mean, when you die, your kids will have less of the money because some of it will go to the government because you died, because it's income to them.
Speaker 5:It's crazy, it is crazy, it's insane, it's insane.
Speaker 2:So I'm definitely excited to get some clarity and some tips and tricks. Dive further into that. Go ahead, Sparky.
Speaker 3:I think the issue with anything tax related though is, is the fact that we are a global community and it's only going to apply to the people in America. If we are doing any kind of books books related on taxes Generally it's it's just going to apply to those that are, like I said, from the US. So we even ran into an issue with that in this current book, where Sassy was looking for some tips and tricks on incorporating for, like, our own tax stuff for the, the write off aspect of things and the income aspect of things that you're not having to pay as much in taxes. So it does wind up being a problem that if we do focus on a book that's like largely just on taxes, like we're, you know, focusing on American taxes. So I'm not that I have an issue with it, it's just to kind of segregates the one demographic, unless we can find one that you're absolutely right.
Speaker 2:I don't think that would be a fun book club. Book, I think that's. That's definitely one I need to like, yeah, put on, put on my reading glasses and dig into and but yeah, no, I definitely don't think taxes during the book club would. I mean it would be, it would be good and beneficial. But yeah, I'm, I'm definitely thinking for next round, it would be fun to jump to critical thinking. That's going to be my boat.
Speaker 3:I mean finances in general is not a bad thing to discuss to us. Just it didn't feel like that was the the central aspect of this book. It was like the central aspect of this book was him talking about the difference between his rich dad and his poor dad, as as Deb said, but he was trying to frame it in being financially literate, which there wasn't a lot of financial literacy being provided. It didn't feel like that. So that's kind of where, like I feel like if there was a next step into this process of what he's trying to teach would be us finding a book that would help us learn some of these tips and tricks that he's offering, maybe not necessarily from him directly, because there's a myriad of stuff out there. Like it goes to show that you guys are willing to expand on what he's talking about because you're wanting to get into taxes and tax related stuff. That's just trying to dive deeper into what he's teaching and become more financially literate. So it, like I said, it's definitely something that's worth thinking about because it helps us grow our financial literacy if we're expanding on finances and financial just topics in general. But it has to be something that is packed with knowledge in that sense and not just something that's. These are the things that I use and this is why you're failing sort of thing like just it doesn't help if there's not a lot of you know information behind it. In that sense, and as I did say to you, in being I definitely noticed that it this, this book specifically, it had sparked some discussions and some growth and whatever. You know, dab is someone I talked to a fair amount on the like off times when we're not doing this, and I definitely saw a huge uptick in his like just mental processes when it comes to finances and that stuff, because he's he's like yo, I just implemented this new thing at work because, you know this, reading this book, it kind of lit a fire under my ass and I was being lazy with certain things and now I'm cracking down on it because you know we're not doing things that we should be doing and that would, you know, net us more money or whatever. So I definitely saw that someone in his situation, who is a business owner, who is an entrepreneur, definitely got the fire lit under his ass. But then, from my own perspective, it's like I didn't feel like there was really a fire lit under my ass.
Speaker 3:Even though you know I've had conversations with Dab about us starting and trying to pursue that, and you know I'm wholeheartedly on board with wanting to pursue that I just didn't feel the same spark of energy in that sense, simply because it comes down to what I said, with the situation that I find myself in versus what other situation other people are in. I'm very limited with my resources on certain things and limited on my expertise on certain things. So I find that any kind of idea is largely just an idea unless I have the resources at my disposal to make that idea come to fruition, and a lot of times I don't. So that ends up being one of the reasons why I'm you know, I'm not jumping head over heels for certain things or, you know, jumping into new endeavors that are being sparked because of the book that we read, not saying that I'm not the ones that Dab's bringing up because, like I said, I'm still on board with that.
Speaker 3:It's just the, you know, any other ideas that it may have sparked I'm not really jumping up and down for joy over, because I don't have any way of pursuing them, as it were, and I feel like that's that ends up being the case for a lot of people is they may have had some sort of motivation or some sort of spark that said you know, I should do this and I should pursue this, but the situation people find themselves in doesn't necessarily help bring that to fruition. So I think that a lot, of, a lot of things that this book helped with in that sense maybe didn't help with others, for for other people just because of their situation. I don't know if that makes sense, but it's just. You know, I, like I said, I didn't want to think. I didn't want people thinking that I was completely trashing the book in any regard, because I definitely saw that it provided some benefit to certain people in the community.
Speaker 2:I love that. That's cool. That's a good good looking out for your buddy to go ahead, Dab.
Speaker 5:After hearing him talk about like that, I think what it did for me was, yeah, it did light a fire under my ass and it helped me see you know things, but the biggest part was I. It was it was motivating me. At the same time, I felt like I was being disciplined, like I felt like it was it was telling me what to do in a way you know and you like the tone and yes, yes, Plus the audio book to you know.
Speaker 2:Yeah, it made me feel like, you know, like tune with his story of like I learned from my dad. He kind of sets you into that, almost hypnotizes you into father son, talk a little bit.
Speaker 5:Yeah, well, that definitely helped because it was, like you know, listening to some sort of authoritative figure telling you, instead of it being just whatever you know, just, and I think that you know, maybe in listening to the audio book I was able to get that, but I mean it's not him reading it, but there is a free audio book out there on the Internet of this, on a website where you can listen to the whole thing, but it doesn't have the questions and stuff that you read over, like the chapter summary and the questions. This one does, but it's some other dude that's reading it. But but it's definitely has something to do with part of it, because I felt like I was, it's like I've kind of missed this sort of like organizational sort of like having a routine sort of thing, like since the kids that come in and and I feel like I've just been going through the motion sort of thing still, and like my business is lacking an organization from that as well for me not being there. But it's one of those things I've always strived on, like I did. I did good in school, so therefore I knew you know about like authoritative figures and you know being a diplomat to you know or and whatnot. And then with the book it kind of was like I have missed that for so many years, like even in college. When you get in college you don't have that as the authoritative figure anymore. It's like lecture, go read the book, take a test that has nothing to do about anything we talked about in class and the lecture is just from the book. So it's like you're on your own or whatever. There is no in grade school.
Speaker 5:It was completely different for me than that. You know, it was like you know it was. It was more structured, like college is like you're on your own sort of deal and they don't really say, hey, ask questions if you need to, so much. And then this was you know, and since going out of that, then being being here and you know, with being an entrepreneur, I haven't had any.
Speaker 5:I've had, like you know, clients and stuff and but I haven't really had, like, anyone holding my hand telling me what to do and I haven't had a you know any sort of structure. The hardest thing for me when I started my business was being able to go from my my father telling me that what I needed to do was, you know, to go and get a job or whatever, go to school to go get a good job and everything. And then it's completely different than and I mean there is no organization or structure to that. Really it's. You know, it's becoming an opportunist, more so than it is becoming an entrepreneur. Entrepreneur is just an opportunist with a business flavor to it.
Speaker 5:So I mean I haven't really had anything you know to or anyone to hold my hand, or and the hardest thing with the structure is being able to take an idea in your head of what you want to do and actually making it come to life as a business. So that that, to me, is the hardest part of even being an entrepreneur is going from like okay, I got this idea that you know I want to. I like working on computers, but I want to do this or whatever. And then I mean, now it's like you got a building and employees and stuff and people, reviews on Google and blah, blah blah. Now there's like tele home is finest and people. You're trying to get people to vote for that so that you get recognition etc.
Speaker 5:And that's the difference with all this other kind of stuff and everything and it's it's way more complicated than what it was and it's nowhere near what it was like. It didn't even feel like it was a seed in the beginning to me. You know, it's like I don't even know like it is, like it's not tangible, it's a damn thought in your head. I mean, people are there like they think that business is like. Anytime I ever see shit anywhere about, there's this other town, that's an interstate town, that's next to us. Anytime I ever see anything about it, they're like oh, why doesn't a skate park open up? Or oh, why doesn't that turn into a movie theater? Why doesn't? We should get this, we should get that. It's because somebody takes the opportunity to try and do it or takes the risk to do it.
Speaker 5:People, so many people, just say that things just pop up for no fucking reason. I don't ever understand that. And it does like there has to be enough of something there in order for the. It all has to line up and that's how you see the opportunities. Like there's like six places to get fried chicken there there's a Chick-fil-A, there's a Zach's piece, there's a Bojangles, there's a KFC, all that stuff. And then there's like nothing else there really. So it's like I can see why you're wanting that and everything, but it's because you guys must really like fried chicken. So I mean, like that's why it's all there, because you match the demographic.
Speaker 5:Now if you go uptown to Murfreesboro you can literally open up like an Indian restaurant. You can open up the most niche little country's cuisine and it would work there because there's just enough people there to support it and that community's mindset is completely different than the other community's mindset. So I mean, it's just, it digressed a little bit but boils down to you know, that's just. It helped me.
Speaker 5:I really did, and I think it's cool that Sparky was able to see it too, because I mean, yeah, we talk a lot and stuff after hours and when there's not book club and yeah, and it's cool for me to have somebody to talk to that in real life. When I talk to somebody and stuff, their eyes just glaze over when I talk about anything. I can't talk about anybody to anybody in real life other than my wife about what's in this book, because they just like stare at me and nod and I'm like I'm just gonna stop because you're not listening, and I see that you don't have the same thought process, motivation or drive that I do, and it doesn't get you excited about it. So thanks again for letting us read this book, clan.
Speaker 2:Nice. Hey, I'm glad. I'm glad we had a good experience from this. I think I have too, and I think any other financial book would have done that for me at this time, because you know you'll get into that mindset. But I think you're right with the father son little tidbit. I don't know if it's because we are fathers or it's because we are sons, and I don't know if that connection had something to do with our liking of the book. I think it did for me, Ryan. How about you, my friend? What was your ultimate? Thumbs up or thumbs down, or two of each in either direction? How'd you like the book, my friend?
Speaker 6:Yeah, it was a good book. I liked it. I'm going to be short for thoughts. A lot of the things were in this book. There's some great pin pointers, there's some good strategies that I learned, some things that I had to know if I had with that I wanted to practice more.
Speaker 6:For I think it was a really cool thing where I felt like you could read through it and kind of get a good grasp for reading the book and understanding kind of just not like maybe in depth, kind of like how Sparky was saying like it needed to be a little bit more of this and this and this and you know just a little more to it.
Speaker 6:And I can understand where he's coming from or even I think everybody even said it to where they want a little bit or maybe in depth or whatever. But I kind of understood it because it's like a kind of one of those breeze by it, like when you just like sit on a shitter and read and get down with it in a week's time and move on to the next one or whatever, whatever right, however, like this is like your poop turner bed Anywho, but it's because it's like to me it's a great pick them up book, right, you can pick it up, read some of it and retain it, think about it and then even come back to it and still understand what you're reading.
Speaker 6:Some things might not agree. I don't agree with everything you said by far. Holy shit. There's some things that are usually like dude. I just don't see that. I mean, that's why you're a fucking billionaire and I'm not.
Speaker 6:And you know, I was just trying to pinpoint some of those topics out. I'm not that great with the vocabulary, with that identifying those things, but he did a pretty good job of that. I've been pointing those topics that are very questionable, right, you know like struggle, like right there with Sparky you know, understanding some of the rough financial burdens and unforeseen things that just put on your life and you have no control. It's like sometimes I wish I could, people could understand sometimes when, like, take it a little bit away, like, if you look at a person in a wheelchair, you know it's like man, how would you like to walk with no freaking legs? It would suck, right. Like, how would life go? Like how we're having no arms, like. So those little things of like, just like, oh, what if I didn't have a million dollars to invest or shit? How would that happen? How would you get into this type of real estate investment? Or how would you get into that type of next family vacation or whatever it may be? Or you know, simple little things because they're all build them up and it is sometimes a placement of choice upon the individual, of their choices and how they kind of execute things and go after kind of like the entrepreneur type shit stuff, or if they're just kind of the head down type person that goes for that career. It feels like they get comfortable. Yeah, and they speak about that with a lot within this. I think getting comfortable keeps you trapped. He did mention that quite a bit like getting out of that comfort zone, making those leaps. You know you're not getting old, doesn't matter, if you're getting old, you still do it, just keep going faster, right. So it's like I enjoy those little things that brought up and I'm going to take away from it definitely with.
Speaker 6:I'll listen to it again. Honestly, I listen to it quite frequently when I'm in my, my vehicle, pick up the kids to school. It's audio, audio played in my right on my phone. You know, and I listen to it. They don't. They have to play music when they get the car, so I've tried doing that. They're like who's this guy talking? They're the stereo. They can understand, you guys, because, like who's talking, they're like, oh, yeah, they get that.
Speaker 6:And then the book like what? So that was cute and, yeah, definitely going to utilize it, just kind of like finish on a couple of things that I was like I want to remember those, especially one, two chapters ago, or just kind of, where I was a resident and I was like, yeah, how do you take care of those little steps and and reminders? And it was like the little reminders are those little, few sentences that he put in the book that I'm going to use as a takeaway, to be like as a reminder, saying, hey, you're not getting old, just keep fricking going, keep taking those, taking the risk, keep saving as much as you can, don't bite off the hand that feeds with you know, like you don't want to screw your job over and be like, hey, oh, I can't show up and it's like, oh, you know, I gotta keep going, keep going. And who doesn't work out, just try to find the next adventure and move forward from it. And shit, tough, it's tough man, especially nowadays. I was just going to see complaining my oldest son because it took him to the dentist, and you know one of my old, second oldest, and he's making some comments and stuff about saving money and whatnot and I was just like God.
Speaker 6:So frustrating dude, because you go to the store and just the loaf of bread nowadays is, you know good loaf. You know nothing, that's like crap. You know that's just like store brand safe, way high. You know you can't get the phosphorus all the crap that you really don't want in your body. You know, if you want to buy the healthier type you know dough and bread, it's like five to eight bucks a loaf. You're like what the heck man?
Speaker 6:I remember when I was younger and I was told I'm like I just did it. He's like you just did what dad. I said I do exactly what my grandparents used to do to me when I was sitting there talking to him and saying when I was younger he's like God, you don't even have kids yet, boy. He's like oh yeah, don't even talk about that. I was like good, all right, let's keep going. Hey, how's your day? But, yeah, that's my take on the book and a pleasure to go once through through this chapter of books with you guys and you know it kind of helps my day get through a little better.
Speaker 6:It's been a rough day for me. Honestly. I was liquidated today, lost all my pandas, lost all my ute. My ute's gone. Yeah, I found it and I was just going to make a sarcastic, humorous comment about this because he's going to do taxis. Well, guess what? I found my tax right off. Get liquidated taxis and boom, oh my fucking god, 30 something thousand.
Speaker 6:I'm just like, oh my god, really this sucks. So you guys, you know, no matter how good you are out in the field that you are and this always reminds me of him talking about this you know being good at finances, because you can always be good at everything you do, 100%. You know you cannot be because you're going to mess up one way or another, and I feel like I just did that, even as far as education, educated that I feel like I am in Web three. You know they are getting so, so smart, so smart. Please be careful with this air chop farming stuff out here right now and new blockchain layer two protocols coming out. Please, please, please, please, please, please, be careful, don't end up in that rut where you're like oh, that was the wrong wallet and be hating life at this point.
Speaker 6:But at the same time, let's say tax ban, thank you, I got it right off this year. So any who? And also laying, I got. I finally did get open C to flag them. All the NFTs that were stolen from me are flagged. I'm filing reprisal port and filing a FBI report because the amount of money that this guy is stolen in the matter of this time. So I'm going to take it to the next two steps that I have to legally just to protect my ass. Well, my ass, yeah, exactly my ass. So, um, yeah, it sucks and I already miss my panels and the little cubs and miss my youth and I'm like my befriend, it's a bunch of other ones. But anyway, be safe and be smart and guess what? We can always rebuild, there's always time to rebuild. We're not getting old, no matter what. There's always time to start over fresh and it's time to start fresh. It's only what? January, february, while almost March. So we got it, we got it, we got a good year coming ahead of. Still Much love you guys.
Speaker 2:Wow, Ryan, I'm so sorry to hear that man. That's a really good reminder for everyone. I can't believe you can mentally keep your head on right now. Oh my gosh, bro, I almost didn't come.
Speaker 6:I was like I'm not going to, but I'm glad you made me go last because you got me sitting or thinking and hanging out. I'd be like dude, I needed that Definitely. It's been a little emotional a little bit. I was like God, how do you fathom it? These are the exact reasons why I'm in Web 3, for the safety, security reasons is to try to document and keep track of ways, those little things that they're going to be taking away here in the next time that they merge the Ethereum blockchain. They're going to take away all the data because they want to hide all their evidence and so forth. They're crooked. Oh, my gosh, they're so big. My gosh, they're so big.
Speaker 2:Man. Well, good luck with that. Let me know if there's anything I can do. Hopefully it turns out to be a good success story. Damn, I'm so sorry to hear about that.
Speaker 6:The only one good thing is I was able to save one panda. One freaking panda did not get taken, and I found that out just a little bit ago when the space started. It was the 3D panda that got converted. I have one panda Now. I got to start back over and get to bamboo buddy and everything, but they're all frozen. I'm just glad they're frozen for now, until I get the police report in, and then we move to the next step. As long as he cannot sell them, or anybody, anybody can sell them. As long as they're flagged, we'll get something figured out.
Speaker 2:Nice, nice, okay. Well, I'm glad you can keep a good, happy, positive attitude. That's incredible, bro, what a just a rock of strength and confidence and positivity.
Speaker 6:Thanks for that example tonight it wasn't just one blockchain, you guys, that he got on my freaking all my app to or not my uh, freaking, what's it called? Another chain, uh, uh, god, dan Arboretum and all my freaking oh man, what's the other one? The shoot Polygon and then Avalanche. Like hey, they are smart, you guys. And I don't get it, because I do get it after reading what kind of contract it is and then find out exactly what it is. I understand now exactly how it was done, but, holy cow, they are getting smart because the whole once, one, one little transaction is like wow, that's amazing.
Speaker 2:I'm not. I'm not even mad, I'm impressed, I'm fucking so impressed.
Speaker 6:Oh man, I'm pissed off at the fuck as I'm pissed off of myself, for one, you know, and then for two, I'm pissed off the situation, frustrated, but at the same time like God damn, dude, this is. It's hard to fathom how they, you know, can like test this out. I mean, I guess we could fight it on test net when they're running their protocols and stuff. But anyhow, I'm I'm Babylon.
Speaker 2:Well, thanks for your positivity, and our heart and crypto spirits are with you, bro. Damn, sorry to hear that, but yeah, we'll all. We'll all pull our positivity together and hopefully, hopefully, get some good outcome from that. Hey, it is awesome to see my man up here. We coaching season. You must have a break tonight. Are we pushing you past your bedtime, my friend?
Speaker 7:I actually took the next two days off at work so I could stay up late and hang out with you guys this time.
Speaker 6:I love it I love it Between seasons. I can't hear him. I'm going to step down, oh yeah, ryan.
Speaker 2:Ryan couldn't hear you, so he's stepping down.
Speaker 7:Yeah, actually, between seasons two basketball just wrapped up and we haven't quite started baseball yet, so I've got a little bit of downtime right now.
Speaker 2:I love it. That's amazing. Did you get a chance to read any of this book, or did you have a chance to gather any thoughts or opinions from what we were saying at all?
Speaker 7:No, I didn't get to read it. It was way too busy with basketball and work has kind of been insane lately, so I've just been trying to survive at the moment. But it's getting starting to get better. So I definitely will read the book.
Speaker 2:but Did you, did you guys have a good season? How'd the season go?
Speaker 7:So we had, like my sense, grade levels of sixth graders are actually like really good. They've been playing together for the last few years Didn't quite finish the way we wanted to. We did a couple tournaments and finished second place in one and about third place in the other one, but we really should have probably won both of them with the talent they had. They just didn't bounce our way. So, yeah, good season. So they're real good kids, real talented.
Speaker 2:That's awesome. That's awesome. I'm probably coaching my last. It's going to be my last couple of seasons here of basketball and soccer before my next two move on to some more competitive stuff that I'm not going to be coaching anymore, so I'm trying to soak it up as much as I can. These last couple of seasons coming up, so nothing, nothing competitive. I'm sure you're dealing with another level of talent the leagues that I'm getting my kids into, where we're just kind of beginner levels. It's got its own levels of difficulty. Coaching those entry level kids, though you have to deal with just attention span and aggression and kids just kind of looking around on the court. You're definitely. Once you start to see them actually play in ball, that's really fun. So I'm not, unfortunately, coaching that level, but I'm watching my daughter play competitive and she's really picking it up, and so I've missed talking. Dad coach life with you. So it's awesome to hear about the season. Thanks for the update.
Speaker 2:Yep, yep, happy to be here again, and what are you hoping for with the next book, this next round, are you? You know, even if you can't join us, what would you put on the list for a vote?
Speaker 7:Even John, I don't even know. I mean, I'm open to any of it. Really, I like financial stuff, I like fiction stuff, like I like any of it. So I think, whatever you guys are feeling right now, I'd go along with.
Speaker 2:Well, it certainly is nice to have you here with us tonight and yeah, let us let us know. I think next Wednesday I'll have my Mondays have gotten out of control just with dad, life and and business over these next couple of weeks my Mondays. So this next Wednesday we'll be doing another space and I'd love for everyone to bring all their ideas to the table and we'll just discuss some options for the next book. So that goes for everyone, whether it's fiction or nonfiction. I've already got my my option that I'm going to bring to the table. Sparky's really got me interested in the critical thinking, so I've been searching. So, yeah, bring some ideas, might man? And yeah, even even if it's fiction. We will go back to that one of these days, but it would be fun to just kind of see where everyone's at. So I'm excited to see what you're you're looking forward to next round.
Speaker 7:Yeah, I'll give us some thought before Wednesday and come up with some options. I love it, I love it.
Speaker 2:Conquest. I know I know we haven't had your thoughts through this current read of the book, but you've mentioned that you've read this book before. I would love to hear your thoughts on the book. My friend, we got a few of your thoughts early on in the book, but what kind of report do you have from us on Rich Dad, poor Dad? How was your experience reading through it when you did?
Speaker 4:I actually been reading it as all as we were going my having a session. I do read it as I was talking to stress it, but, like I said, I've read it a couple of times already, when I was 24. When I was back in 2016. And that's when I bought it and, remember, I told you I was working a 12 hour shift at a warehouse and I wanted more out of life. So I started buying those types of books and it kind of like gave me a push and that's how it ended up in Vegas that trading convention I was telling you about and that's really what started everything for me. Like I did it.
Speaker 4:Like at a really early age, I try to learn as much as I could about trading and stuff like that, that things don't happen overnight and just start trying to find my niche and what I wanted to do. And I felt like those books like this one, and it really helped me, it pushed me to get away, because when you surround yourself with people who don't do things like this, don't read, and they like to party and go out, it's like you get to a point you like that's not what I want to be around anymore and it's like I want more out of life. I don't want to wake up and do this every day. So, like I said, it done a lot for me, like these books done a lot for me, and it's a while more. I'm at now and those same people are still doing the same thing, like it's crazy. So I enjoyed the book. It really helped me out throughout my life.
Speaker 2:Did you? So you kind of coupled it with a stack. You would say you kind of got a financial stack and just kind of gobbled them all up. What were? Maybe some of the other ones, let me guess, like, have you read like Think and Grow Rich? Was that one of them? Yeah, that's another good one.
Speaker 4:Yeah, think and Grow Rich. How to Win Friends and Influence People. It was a couple of them that I had the far worst week, or I think that's what it's called. It was a couple of them that I had that I still got and, yeah, like I said, they really helped me. They like helped me shift my mindset. So I'm grateful for them and I'm grateful that it happened when he did at the age I was.
Speaker 2:I love that Sometimes it can be just what you need for yeah, for kicking the ass. Maybe the content doesn't even stick with you the exacts or the specifics but it's like exactly what you need at that time. Oddly enough, it wasn't a fiction, it wasn't like. It was just almost like a textbook about Michelangelo. It got me so fired up on summer sales one summer. It was the most random book that got me so fired up.
Speaker 2:But you learn about Michelangelo and that guy was insane. He was awesome, he was a troublemaker and I never knew that about him. And I learned a lot of things about that guy. He had a crazy life and I was like, what the fuck am I doing with my life? I got to do more. This guy painted upside down and developed problems from it. I mean, what am I going to be remembered for? I mean, I don't like to think along those narcissistic type ideas, but sometimes you do need a little bit of a kick in the ass of like, what am I doing? So I love that. That's fun to hear that you. I've had a few little stacks at different times like that too. Dap, go ahead.
Speaker 5:I saw an ask, conquest, question See, did you change, like who you hung out with and stuff, did you like see them? And it's like different people and stuff for me in that book, like I mean like how?
Speaker 4:so Like, like, like, like the old um, I'm just going to say, because I don't want to like, say like they're bad people, it's just. It's just what they do, but it's just like. It's like now they have hatred towards me because I chose that path and they chose to sit with the same path that you know we will both own at one point. And I don't know, bro, like just reading the books and stuff is just like. Not a lot of people believe in the little energy thing, but I guess from my experience it works.
Speaker 4:I started running into people who wanted more out of life and I started making new friends and you know people are going to hate you for that. But it's just like look, I don't want to live that lifestyle, that's not. I want more out of life and I know I can't do it in that lifestyle. So I have to. If I got a, it don't mean I hate you. It's like I just have to change my direction. I have to change my sources, because you are who you hang with at the end of the day. You know what I'm saying.
Speaker 5:So yeah, I understand that and I can see how people you know out of spite, because they're not willing to change their ways. So I can, I can see it, and it takes a lot to change your ways and it takes a lot for you to break away from people because I mean, more likely you know you're with those people, because you've had a relationship with them's people. You've grown to love those people in some way or not, even if you don't tell them that you love them. But you know it's hard. So that's really good that you were able to do that, man.
Speaker 4:I appreciate it bro.
Speaker 2:I think a funny little silver lining that can come out of that is you can genuinely want those types of people to win because it's like, oh man, maybe if they start winning they won't have like hate against me or something. You know what I mean, I don't know. I think that that can be maybe a funny little spin on it to still maintain some love form and wanting them to win so they don't hate on. Yet that's usually when it comes down to people see you progressing and making moves and they'll get bugged that they are out partying each night. They're probably asking themselves those same questions, you know. So, dap, go ahead.
Speaker 5:So since you brought that up, another thing for Conquest Was there ever a time where you tried to bring one of those people to like kind of try and see the light, like would you ever like hope that, like maybe you had like a best friend or something like that? And then now they spite you now too, but like, do you ever like bring up stuff to them, try to show them what you're doing? And they were just like just push it away or not get it shit.
Speaker 4:I talked to. I told Lane like this many times, like, bro, I was still doing. I've been doing it like I was doing it earlier this year and I kind of just slowed down. People have people have watched, like, watched me and not so like I'm not talking about on here. I'm talking about, like, these friends that I have. They had watched me, they watched me go through the steps, they watched me lose money, they watched me. They watched me basically give up like I go broke, like they watched me the entire time and they waited until things started to get better and then they hope they came back around. Like it's some that have NFTs right now they're not even active in Web three and it's some that have NFTs for me that I've gifted them, that that I've told them to utilize and they have. They don't want to do anything with it or they don't have the time. So yeah, bro, many times.
Speaker 5:Do you think that's just because I'm not saying they're a lazy person, but do you think it's because they're being lazy?
Speaker 4:Well, some of them, yeah, but others they actually they're actually working Right. They got a pro, they provide for family and stuff, which I understand, and it's kind of taking them a minute to get into it. I'm slowly like guiding them through it. I guess you could say they, they just watching, like, so they just slowly watching and getting as much information as they can until they can, you know, put their attention to it. So I keep them up to date, just like some of them have pandemani, have panda NFTs, and I keep them up to date on things on the, what they can do, like fitness, if some of them into fitness, you know, just things like that. I always keep people updated if they're, if they want to be updated, if that makes sense.
Speaker 5:Yeah, I got one that this guy's. I was like, hey, why don't you use your panda park to try and, you know, go on vacation or whatever. And they ended up booking through Disney instead, or whatever.
Speaker 4:I was like, well, it would be cheaper, but whatever, yeah, that's how I feel I am to. I'd be like yeah, whatever I like, if you want to use it, go ahead, but if you don't, I mean I'm not going, you know you ever get like super frustrated with that kind of stuff.
Speaker 5:Like you it's. You feel like you're, you're trying to hammer a nail in and it just never goes in. Nope, it doesn't matter how hard you try, it won't go in and it never. And it never damn change either. Ten years from now, it'll probably be the same way.
Speaker 4:Yep For most of them, I agree.
Speaker 2:Sometimes I feel like I'm the the nail Someone else is trying to hammer. I wonder. I wonder who who's list I'm on for? Damn, he's so stubborn and ignorant. Oh man, no, I think that's a fun conversation we've had Excuse me, we've had a lot of Web three conversation throughout the night tonight as well, and I think that's probably a good reminder.
Speaker 2:You know, we are talking about finances, we are talking about Web three. The bull run is looking like it's a possibility right now. Ryan gave us a few little reminders tonight. I just want to remind everyone to be so careful out there. It's a crazy wild world and the bull run is is going to present all sorts of tricks.
Speaker 2:And, yeah, just really be be aware of your surroundings and don't let FOMO get the best of you. In these, these good times that the good times can present some terrible, terrible, really really terrible things of Web three. So just be extremely careful and and Ryan, thanks for being open and honest. That's always just incredibly brave to be transparent about that, but I think it's so important and so good to share with others. So, yeah, thank you for for telling us that. That should be just a good reminder for all of us to check your your connections and get a good accounting of your own wallets and make sure you stay safe during some some ups, make sure that you can keep your, keep your gains during the bull market. So anybody else, have Sparky, you've got some Web three safety reminders.
Speaker 3:Yeah, so I'm I'm kind of digging into what happened to Ryan stuff right now and it's not it's. It's something that I've seen before and something that is not really anything that they can control other than revoking transactions. So I've run into this this where I've run into a similar. I haven't really gone too in depth with this one to find out where the actual trigger point is, but I ran into something similar a few months back.
Speaker 3:The original creator of Pudgy Penguins I forget his name on Twitter, let me just look real quick Cole Cole theorem. His dad had a Pudgy Pegwin stolen from his account and they couldn't figure out how it happened. And through some digging I ended up finding out that it was from an old open sea contract that he interacted with back in like 2021. It was like August of 2021 or 2022. But it was like it was a significant amount of time ago and there was a vulnerability in that contract that some hackers are now taking advantage of. And because the vulnerability vulnerability is there, what they're able to do is, if you haven't revoked those transactions or those approvals, they're able to somehow force a contract creation on your account, which shows up in internal transactions typically, and when that contract creation gets pushed through, they're able to steal any valuable NFTs on your account that they see fit. I don't know about tokens and that sort of stuff, but they typically just go for the high value items and stuff. Because his thing is a contract creation the transaction that took all the shit from his account Basically the fake phishing account forced through a contract creation, which the contract then pushed all this stuff out. Essentially. So the best advice that I could give to anybody who has been around for a long time is go through to websites like revokecash or even go to Etherscan and revoke any transactions from old OpenSea stuff and anything that you're not looking to try and sell in the immediate timeframe. If you're literally sitting on stuff that you're holding in your wallet that you're not intending on selling, remove any approvals. It's just a safe method for you to safeguard that. The only thing is, if you're intending on selling them, you'll have to re-approve it, which is just going to cost gas again in the future and it costs gas to push through the revokes as well but it's better to safeguard your stuff in that instance.
Speaker 3:The other thing to think about is transfer it to a new wallet. If you transfer it to a new wallet, then those things aren't there anymore and you don't have to worry about revoking them because you haven't set them for approval in that new wallet, especially if you just created a brand new wallet. Some people do what is called like you have your hot wallet, which is the one that you do all your trading on, but then they have what is called a warm wallet, which is one that they don't do active trading on, but it sits there as their collective wallet and if you aren't actively transferring things out of it, you don't have to worry about it. If it's there just as a receptacle to hold things, it's as safe. It's about as safe as a hardware wallet would be. The only difference that a hardware wallet offers is it needs physical input from you to approve things. So people have a misconception on what hardware wallets do for you and they think that the NFTs are actually stored on the hardware wallet. They're not. The hardware wallet literally has very little memory storage on it. It literally just acts as an authentic oh wow, I can't fucking talk to me an authentication portal. So it's like a 2FA for you to trigger transactions to approve them. So nothing can get sent out of your wallet if you're using a hardware wallet, but if you're doing it on, like, let's say, metamask, and you literally just create a brand new wallet but you don't do any transactions on it, you just send stuff to it. They're just as safe because you're not setting any approvals or any of that stuff.
Speaker 3:The second that you start transferring stuff out, then you need to think about okay, is this now compromised? Do I need to start a new one? But you really have to be careful with how you're doing things. It's not like this is something that Ryan clicked on, something recently that I can tell I haven't dug too deep into it so far. It's just like this is the first that I've heard of it and it happened eight hours ago, but it's one of those things like.
Speaker 3:A lot of these instances nowadays that are cropping up are from things that are still sitting on your account that are approved from a year ago, two years ago, three years ago that there was a vulnerability on the contract that you would approve. Usually it's an open sea thing and scammers are just going through and they're almost like auto dialing. So if you think about the phone numbers and they're doing auto dialers, auto dialers what they do is they just click to the next iteration. So it's like whatever next one is on the list, they just dial that. And what they're doing is they're going through the list of active wallets that they have out there and they're just pushing through these functions to see if they go through. And if they go through, then they're seeing okay, now I can actually take stuff because this is valuable and this is valuable. So protect yourself and go through and revoke stuff, because you never know what you've left yourself open to without even knowing it.
Speaker 2:So I have a question. I went through and revoked stuff, Even if I don't think it's just one of those things. I'll go and I'll check every now and then. I have USDC and USDT currently on here. Are there any vulnerabilities to staying connected to a token like USDT?
Speaker 3:I don't know if there is anything with those. The vulnerabilities end up being on the contract side of things. For NFTs mainly. I haven't heard of any coming from coins themselves, unless it is an actual scam coin. People deposit fake coins in your account all the time and they're designed for you to basically get wiped if you interact with it in any way. So if you see coins in your account that are unknowns, don't ever approve them. Don't ever try and get rid of them. Just leave them, because even just approving them could wipe your account. But things like USDT and USDC, if it's on the right contract it should be fine, unless that contract somehow gets hacked or found that there's vulnerabilities.
Speaker 3:Typically you will hear about that stuff because anything big happens with big. If there's an open sea vulnerability, you hear about the open sea vulnerability. If there's anything ETH related or sole like think about sole went down like last week or two weeks ago or whatever everybody heard about it when it's on big chains that are known, you're going to hear about it. But if it's on shit that's like even just NFTs and stuff, the stuff that we're dealing with, especially with what happened to Ryan. Again, I'm not sure if it's entirely what happened to Ryan, but the stuff that's similar to what happened to Ryan. It was talked about when the vulnerability was found but it's been long enough since then that it's not really talked about anymore because it's quote been fixed and the way they fixed it was open sea just updated their contracts. But if you still have approval set on your account for the old contract, the vulnerability is still there. The contract was never deleted. It still exists. They never got rid of any of that stuff, so the vulnerabilities are still there. They just moved on to a new contract and you have to set approvals on the new contract.
Speaker 3:And one of the things that I would caution everybody to and I'm going to do some more research with, especially with Ryan's stuff and what happened recently because Lane's NFTs the Pandas, the Bambus and the Red Pandas were built on the old contracts for open sea. That might be where the vulnerability lied. I don't know and I'm not trying to say that Lane's the fault here. It's 100% it would be open sea in that case. But if it is because of the open sea storefront contract that was utilized to create those three NFT collections and those approvals exist for us in this community, then I would caution everybody in the Pandamanian community to go and revoke those approvals for anything prior to like 2023, basically just because it could potentially lead to a problem for us. So just stay safe and make sure that you're revoking stuff that you don't intend on using or if it is from an old contract.
Speaker 2:Yeah, that's good information. Yeah, and it'll be, it'll be interesting. It sounds like you're on the on the detective case. Maybe just see what list Ryan has on his revokecash. We'll put together a good case here. Appreciate it, you guys. That's some good, some good bull market safety tips and yeah, that sounds just terrifying. Get your, get your wallet secured and revokecash really is kind of eye-opening. If you haven't ever gone to check out what is connected, you just will have memories that you forgot about. They'll come back up and it's like oh my gosh, that project, what the hell? So go through it and check what's on there and especially if there's any open-seed related anything that that'll be incredibly important for us to know for sure. So thank you guys for putting in some time figuring that out.
Speaker 2:Well, my friends, we've had another book on the list and it's done. We are just flying through books and this one was quick. I'm actually pretty impressed that we were able to stretch this one. I know I had a couple no shows and reschedules, but it was. It was nice to kind of stretch out this book, get some good discussions on it, because really it's a really quick read If you were to just go through the content and skip the summaries and I don't recommend doing that but the actual chapters themselves. You can breeze through this book pretty quick, so give it a give it a shot.
Speaker 2:I think we've had some good experiences from us here reading it and those of us that liked it, and if we have any, you know, fixes or ideas that we don't necessarily agree with. I think we had some good inspiration to want to go learn more and, to be fair, I think Robert even poses a lot of it as such. He does kind of mention that it's a starting point and go learn more, but for sure it's a scratch the surface type motivator and I'm kind of definitely personally motivated to go dig in more into his content. I'd love to hear his voice behind some of the tips and tricks and then go see what other people have to say about the same topic and even what some people have to say about him. I like doing that as well. So you find a lot of haters and you find a lot of people that love him and I like to find the comments in between. So I like the good takes, the good honest takes, the pros, the cons, and this is definitely one that has at least piqued my curiosity on the author, and I'm gonna go start following his his current social media stuff as well, because he's got some excitement on the books as we speak and so that's really relevant to what he preaches. Also, he's got a crazy little debt notched on his board right now, so I'd like to follow along and see how he does.
Speaker 2:But next Wednesday, you guys, let's meet up again. I, unfortunately, am gonna postpone this next Monday again, so one week from now, if we can get together and just brainstorm some next books. I've got my little series. I found a cool series and I'm just gonna offer the first in the series for my book that I'd like to bring to the table to vote on. But man, I really didn't even search that long and hard to find one that was interesting to me in the critical thinking category. So that's kind of what again, whatever the group, whatever we you know, whatever direction we're head, and I'm excited.
Speaker 2:And if it's fiction, again awesome. If it's finance, if everyone's like, no, let's keep going with some finance stuff, I'm just excited to brainstorm. So anybody that usually doesn't come up and speak next week we won't have any specific topic, we're just gonna be talking about books and what we'll read next. So if that's your cue to come up on stage, we invite all of you to come up and the next round is gonna be exciting. I don't know what I'm even feeling outside of the critical thinking, but someone might say a genre or a topic, and I'd be like, nope, that's the one I like that. So bring some good ones, bring your, bring your research, and if I'm the only one, then you know we can just in real time start, start Google search in and and see where it goes. So that's kind of my plan for next Wednesday just to get the next book on the list.
Speaker 2:And, as always, you guys, we do the reimbursements. I'm not harsh at all if you're a holder in any way, shape or form. I I'm not picking on the percentages or anything. This, this book reimbursement, I'm just excited for everyone to participate and so let's get the book in your hands and get you on stage or even just listen in and participating. So I'm excited.
Speaker 2:I always liked the next round and this was this last one was a good one. This was more serious. We had how many weeks or even months of just kind of goofing around with fiction, which I loved. I loved that, but it was nice to put our business caps on a little bit. Our attendee our you know, seminar attendee hats listen to Robert, get us pumped up. I liked that. So I'm really open to anything and I'm excited to hear what you guys are open to, and let's do that next Wednesday.
Speaker 2:I've got a wheel here. I want to congratulate sassy. I'm adding her to the VIP listeners. I don't have her NFT air drop to her yet. I am gonna hop over and get get to some tickets and some task items. That's one of my important task items. Big booty ho also is a recent VIP listener. He's not big booty ho is not in the crowd tonight, but I'm always really stoked on anyone that that gets to that 10 space range and I'm just really happy to have you here. So thank you so much.
Speaker 2:Let me just make sure I've got the list here. A couple people looks like have have hopped out here. Hold on hold on a minute. Okay, I will get the list just perfect. Oh, another person hopped out. We lost a couple people. They were on the wheel, you guys, and they hopped out. I was even being really nice. They hopped in late, so they hopped in and out. So I think we've got the list as we need it. Okay, let me start my recording here who? I'm pooped, you guys. I wrestled for another hour tonight and with my, with my guy Mike. He's a big boy and we were both huffin and puffin like old men. So I'm I'm still probably feeling the effects it translates to my, my speech and I'm mobile and ramble. All right, I've got the wheel ready here. I'm gonna shuffle it up a little bit. Who's got a number for us?
Speaker 2:one to sixty 25 nice, all right, 25 it is.
Speaker 2:We'll shuffle it up again silence oh man, might man, your return is being celebrated, I think the return of might man. You brought some luck with you tonight, my friend, congratulations. You took the $10 wins. Now, my friend, so I'll be hopping into DMs purely financial, purely purely just a win. And no, I'm just joking, I am so excited to do giveaways. I wish we could do it for everyone, but it really is kind of fun to come through and be the winner of the night.
Speaker 2:Might man, I know you've been busy with sports and I never, ever want anyone to feel like, oh man, you haven't been showing up, like that's not. This is a book club, for heaven's sake, for a community. It's just I'm stoked when you're here, bro, that's all. So if I'm ever like I miss you, thank you for being here. It's like I really enjoy having you around and hearing your thoughts, and so I never want to make someone feel like they like can't not be here. I really am inspired by all of your guys's personalized what you guys do. It means the world to me that you guys would share that with me. So I like catching up with everything all you guys are doing and conquest thanks.
Speaker 2:Thanks to you for coming up tonight, bro. You're. You're motivating and inspiring and we love. We love hearing from you as well, bro. So I conquest is a machine. He's every morning he shoots me a message asking, asking me in the fam to have a good day, and throughout the day, checks in. Yeah, conquest is making moves, has goals. I love, I love checking in with all of you guys because it's motivating and inspiring to me and that's. I took that from a few of you tonight. You know surrounding yourself with, with good people and I really, really am proud of this group of people. This is a really awesome little gem in this web 3 space of just some quality good dudes and do debts. So I know Sassy are due debt of the night. She's busy just grinding and working and killing it as well. So I'm really inspired by all of you guys. And that's that's all I have for tonight and I'm excited for next Wednesday. Sparky, do you have another amazing choice of song to wrap us up here for tonight?
Speaker 3:I mean, I've been trying to think of something that tied with the book, but all I kept coming back to for myself was hearing everyone talk about growth and change and talking about looking at yourself and, you know, changing things about yourself and growing in that sense. So, as much as I don't like repeating songs that I've played and like to try and keep things fresh, this is a song that I've used in the past and, even though the title of it is man in the mirror, it can apply to females as well, or whatever you classify yourself as, and it just talks about you know, if you're wanting to make a change for yourself, the first thing you have to do is look at the person in the mirror and make the change for them. We can't change everyone else. We can't change, you know, the people around us.
Speaker 3:All you can do is change things for yourself, to help yourself grow, to help yourself learn, and with what we're talking about with this book and you know some of the other self-help books that we've done in the past ultimately, it's about growing as a person and increasing your own knowledge, and, again, that starts with the person in the mirror. So, as much as, like I said, I don't like playing the same songs. I still feel like this is a good way to end this. This book is to again look at yourself and make the change that you want to see for yourself and your situation. Let me just cue this up here you and make a change.
Speaker 1:Yeah, na na, na, na, na, na, na, na na na. Oh, I know I've been a victim of a selfish kind of love. It's time that I realize there's a woman who I love, who did me, did me, but don't think that and I don't know. Oh well, oh, deep in the sky, somebody's broken heart, and I watched out the view. They followed a tanner to go in the sea. They got into a place that's me. That's why I'm starting with me.
Speaker 1:I'm starting with the man in the mirror. I'm asking him to change his way and know my sense. Could I be any clearer? If you want to make the world a better place, take a look at yourself and make a change. I'm starting with the man in the mirror. I'm asking him to change his way and know my sense. Could I be any clearer? If you want to make the world a better place, take a look at yourself and make a change. I'm starting with the man in the mirror. Oh, yeah, that's me. Change his ways and I'm changing my sense. Could I be any clearer? If you want to make the world a better place, take a look at yourself and make a change. You gotta get around while you got the time, you close your mind. That's me, that's me, that's me, that's me, that's me, that's me. You're the man in the mirror.
Speaker 1:If you want to make the world a better place, take a look at yourself and make a change. I'm changing my sense. Oh, yeah, yeah, I'm going to make a change. It's gonna feel real good Some more. Just live yourself. Yeah, yeah, you gotta stop it. Go stop. Yeah, make that bullshit. I gotta make that cheese. Something, man, you gotta, you gotta make yourself Buh-uh. Oh yeah, make that bullshit, I gotta make that man. Make that thing, man, you gotta, you gotta, come on, come on, come on, you gotta stand up, stand up. Make that bullshit, I gotta make that. You gotta make that bullshit. Make that cheese. Come on, make that shit. You gotta, you gotta, you gotta, you gotta Make that cheese. Make that cheese.
Speaker 3:As much as you know, I'm not the center of this book time. I felt like I spoke a lot more and I just wanted to summarize the bullshit that I slung. You know, take it with a grain of salt, but at the end of it all, you need to be the change that you want to see in yourself. Even if you want to see change in the world, it starts with you and we. We can't try and project our inadequacies onto others. If you're upset about something in your life again, ultimately the first thing that you need to do is Start the change with yourself to fix that inadequacy. And whether that's, like we said, with this, this book financially, or with the other books that we've seen and read in the past, whether it's just you know life in general, whether it's mental issues, you are the starting source of that and you need to be the one to kick it off and start.
Speaker 3:But like I said earlier on tonight and just to kind of again summarize some stuff is, sometimes it's hard to take that first step, sometimes it's hard to get your foot off the ground and get moving forward. But if you need help, reach out, reach out. You have friends, you have family, there's professionals out there who specialize in different fields, to help with those fields, whether it's relationship or financial or whatever Psychological you know start the ball rolling. This coming from somebody who's in a rut himself and finding it difficult to move forward. Spaces like this and conversations like this help to get the ball rolling and to get things moving forward. So yeah, just you know, reach out, speak to someone, ask someone for advice, ask someone for a hand. Anyways, that's the end of Rich Dad, poor Dad. Hopefully we pick a banger for the next one. All books are good because it helps improve our intellect and our minds, but that's it for us, that's it for me. I apologize for my rambling.
Speaker 2:No apologies needed. That was perfect, that was fire. Thank you, sparky, thank you, guys. Have a good rest of your week, kick ass.