PBD Podcast - Wearing Belts are for Poor People | PBD Podcast | EP 46

Episode Date: March 16, 2021

In this episode, Patrick was joined by Adam Sosnick and Matt Sapaula to discuss Florida Taxes, Mentorship, Joe Biden earning the right to raise taxes, and much more. Here's the link to watch the full episode: https://youtu.be/cmboseJ8Mc0 --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

I think the fact that you didn't wear a belt today, I think the public needs to know. Okay, I was a show off with my friends. This is episode number 46 with Adam Sasting, Matt's. I mean, we got that to deal with us. I think that's the last story here, not my belt, but. Yeah, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so, but so't gained weight, right? And then we found out the reason why people thought only poor people wore belts back in a day's mat and educated us was because why? Because if you had to wear belt,

it means you couldn't afford custom tailor clothes. Yeah, that's where I'm at right now. No, here's the question though. Here's the question though, then why would Ferragamo sell 600 dollar belts? You know, 500 dollar belts. I don't know the history behind it, but listen, congratulations to you for not knowing No belt, no belt today.

No belt, no belt today. No belt, no belt, no belt today. No belt, no belt, no belt today. No belt, no belt, no belt today. No belt, no belt, no belt today. No belt, no belt, no belt today. No belt, no belt, no belt today. No belt, no belt, no belt today. No belt, no belt today. No belt, no belt today. No belt, no belt today. No belt, no belt today. No belt, no belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today.

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No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. No belt today. there in the atmosphere. I mean, you got that. Oh, is that a Gucci Gucci? Gucci, this guy's got like the We're in one. The atmosphere champion. Yeah. Going on in Jesus. He's doing Gucci. He's wearing one.

He's got a $600 Gucci belt on. I'm struggling to put a belt on myself. Yeah. You're a fairer. Yes. So, so yesterday Matt and I stayed up till I don't know, one o'clock. We were at the house.

We call that O dark 30. Yes. And Mario was there and you know, Mario was'clock, we were at the house. We call that Oak Dark 30. Yes, and Mario was there, and you know, Mario was hanging in there, because Mario's got a time. He's got a limit, but he was hanging in there. You can tell, I've seen Mario fall out, you know, knockout many times, but we ended up yesterday. It was a pretty crazy day. You know, we're up 160% much over Mars,

so it's pretty awesome to see that taking place. By the way, learn something about Florida Taxi yesterday. Why Florida doesn't charge, doesn't have state taxes, and the way they do it. I don't even know if you knew about it. Okay, we'll cover that here in a minute, but a quick shout out, Moral Cushition, Beckian, happy birthday to you. He's a birthday girl. He's a birthday girl, lady.

Yes, she turns 23. Nice. Just so you know, I met Moral when she was a baby. And to me, she's still the same age. She says, Pat, you don't get my age right? I said, you're still the same. You look the same. Michael Jones, it's her birthday today, as well as Leo Martinez, as well as Kyle Mason, all birthdays. Happy birthday to you. Yes, our people. But here's the crazy part. So, people are asking the question saying saying Pat, did you really move to Florida, right? And if you've done it, because I wrote a letter years ago saying, dear California,

I'm leaving you. There's a love letter. So there's a lot of letter I'm going to call for. Yeah, I should check that. Yeah, there's a breakup letter. Break up letter. I wrote to California. And a breakdown. Yes. But and she still calls. She's still right. She's still preshoes you. We still have a great. I miss you, baby. Yes. We still have a conversation. You go, you visit, you slide in, miss you, baby. Yes. We still have a conversation. You go, you visit, you slide in, you say, what's up? And then you're out. You go, slide in.

Late night text. Yeah. So, but, but, uh, Texas is not really a breakup. Texas is like we're moving because Texas and Florida have a lot in common, but I wanted to find out what Florida does with Texas because Texas, they said, oh, you go to Texas. Let me tell you the property taxes are really high.

Guess what, they are hired in California. There's no question about it. If you want a house in California versus Texas, property taxes are much higher than it is in California. But Florida is not necessarily higher property taxes than Texas, so how do they make their money? How does Florida make their money? Did you know Florida gets a hundred and forty million tourists every year? 2019 forget about 2020 obviously things changed but prior to that it's a hundred forty per year

Yeah, you got this new world you got the universal studios. You got Miami. You got so many different things You got South Beach. You got the best libraries in South Beach. It's a lot of different Libraries. Oh, best libraries right many the best libraries. Best libraries, right? Many reasons why people come to Florida, right? For the library. Did you know Florida has a 7% sales tax, but Florida has a 5% tourist tax. They call it the Florida tourist tax,

which means if you're a tourist and you come here, whatever you do, if you live and they define tourists as less than six months, if you live here, whatever you do, if you live and they define tourists as less than six months, if you live here less than six months, you pay that additional 5%. So that additional 5% they tax tourists and they allow the folks who live here to not pay taxes. So they collect taxes from sales,

they collect taxes from tourists, but they don't collect taxes, stay taxes from folks who live here. Think about that. What a way to you, it's not necessarily punishing your taxing those who want to come here for vacation. You're coming here. But if you're living here, they're like,

look, no, stay taxes. We'll get the money from somewhere else. Great, brilliant idea. If you ever want to run a country, something to be thinking about. Yeah, I'm thinking about running a country. If you ever do, if you ever do. Maybe the Philippines, I team up with some

I can only see it's like the beltless president running a country, you know, Adam Belkles-Sasnake. Free belts for everybody. This is what's going on here. You know, with all the talk about the trillions of trillions of dollars the government spending in the federal they ever said, the budget for Florida is $90.98 billion. Pretty interesting.

$90.98 billion. Pretty interesting. $90.98 billion. To run the state. And the general revenue portion is $33.93 billion per governor around the census. And I think they're the number four states when it comes down to GDP. I think number one, number two, obviously, California, New York, you got California, New York, Texas.

It's, I think Texas is actually number two. And then you got Florida. So it is one of the top four that you're looking at. OK, New York, Texas. It's, I think Texas is actually number two, and then you got Florida. So it is one of the top four that you're looking at, okay, what they're doing. So. But back to the, you're, I have one question on that. Tourist tax? Yeah, because I'm familiar with that,

obviously the tourist tax and all that. But where does that 5% come from? Taxing the tourist. Where does that come through sales? Sales tax? If you're staying at a hotel, you show your ID, it says it's okay, Tori Tori if you're sure the money's gonna come from summer Obviously you go into the market public doesn't say oh, we're gonna pay you 5% because you're not from here

But they're collecting it from somewhere. I think it's a brilliant idea It's it's something that California and others can learn from for sure if you think about it California also gets a lot of what tourist a lot of A lot of tours. Not so much Texas though. Not as much as California or Florida. Shame on you for saying that. I'm sorry, I'm sorry, I'm sorry, I'm sorry, my friends are Texas. Hey, you were the four of us.

You were the way Xsaupin says, I need to go to San Antonio. How many people you know who grew up in South Beach, partied in South Beach, have you reputition in South Beach? Yeah. Bodega, all these other stuff that they have. Shout out to the head. How many people you know that when I lived in Addison for a year after doing this?

Oh, just one baby, there's one guy. There's one guy. And his heart. And his heart. I love my heart, Madison. The gats of it. So, Texas doesn't get tourists, they get transplants. Yeah, so, but the point is if you really think about,

what if they said, what if California said tourist access 10%? What people paid? What if they said tourist access 20%? They would still go. They would still pay it yes yes yes they want to visit no one you're going to make actually think about this idea what if California ran a tourist tax of 20% I so let's just say California wants to

compete right people are like all Pat wants California to what if California I'm decided to compete with other states and said hey new governor runs in the state of California, okay? If a guy is listening to this, or if you know somebody that's running for governor, send this part to them, let them think about it, and if you hear it, you know where you heard it first. What if the governor of California says,

hey, right now state taxes are 13-3, right? Go through the whole state taxes that way, because Biden, we're gonna get into Biden's's tax plan he just announced that he's raising the taxes you know a highest tax hikes since 1993 the new economic tax you know he's gonna we'll talk matter of fact we'll get into it right after right off the bat what if a governor in California says we got a 13.3 taxes right now but we got Mari can you find out how many tourists go to California 2019 okay can somebody find out what that number is?

What's interesting here too, as well is that that state of Florida had a 3.8 billion in reserves before the pandemic brought a 2.7 billion deficit, so they had more than enough to deal with the coronavirus. Check this out. That's not the number Mario. There's a number here that says

California expected to see 279 million tours in 2019 Florida's 140 California's 2x that 280 in St. Right think about tourism So if you got 280 million people that go to California for tours What if you say moving forward? We eliminate state taxes in California 133 is three's gone. However, any tourist coming here, 20% taxes. So if a room rate at the hotel is 500 bucks, guess what you're paying? 600 bucks.

If you're going in, you know, you're getting in, you know, an Uber and Uber says you're registered in a different state, but you're getting in California, it's a $20 right? No, it's a $24 right. What if that 20%? You know how Europe has that VAT, you know, VAT tax, VAT tax, that they have. Okay, it's like a, it's a consumption tax. What if they offered

that 20% tax to tourists? What, how, what do you think that number would drop? Go to 80 and actually think about it. I want you to actually think about it, man, both of you guys. Say California announced officially 2023. Any tourists that comes to the state of California Taxes are 20% for you for tourists anyone that lives here for less than six months How much you think that 280 million tourists would drop from what it's gonna be a drop. What do you think that drop is? Yeah, I mean 20% is aggressive. I mean, even if it were 10. I want to be aggressive. Okay. I want to be aggressive I don't think much. I don't. What do you think that 280 million drops? 10% 20%.

That's nothing. That's nothing. I don't think people are like, I could go on vacation. Let's say 20. I would call it the 2020 plan. You know what the 2020 plan is? We're going to charge 20% for tourists and we're going to lose 20% of the 280 million coming. It's okay. That 20% of the 280 million coming. It's okay that 20% is gonna generate revenue and guess what that's gonna do if I eliminate state taxes in California. Now we're recruiting everybody back. Think about what that could mean, but for that to be taken place, you know, it's a little scary for some of the government officials working there. It's pretty dramatic of an idea, but if you did some like that and tourists are still gonna go to LA, they're still gonna

go to see the Hollywood, because what is the average travel? If you travel somewhat, how much money do we spend? Say a husband and wife for two kids. Couple of grand easy. If you get to go to California from UK, okay, you're gonna spend what? $10,000? Oh, for just, yeah, exact with airfare and food and the whole thing. Okay, let's just say it's gonna be $12,000.

Is that gonna change your mind of going to Cal? $12,000? Instead of $10,000 to go from UK, I'm just calculating flights and everything. What if it's $12,000? Would you still go? You think the person's gonna say, oh, because of $12,000 we're not going,

I don't think so. I think they would still make the money. And I think California ought to really consider this. Forget about 5%, go to 20% and eliminate that 13. Anyways, I woke up this morning as a California. You know, you guys keep thinking like I'm hating on California. There's an idea for you. Go pitch a two potential future governor

or you go running the state of California as a governor and eliminate that state taxes. It will be very, very hard to compete with the state of California as a governor and eliminate that state taxes, it will be very, very hard to compete with the state of California. Because if they eliminate the state taxes, 13, three. So the 20% you lose here on the tourists, you gain and business owners move into you. Forget about losing the tourists, you get jobs created.

You get people saying, why the hell would I go anywhere? Then you have to put a limit on who can come to the state of California. You got all the resources, but unfortunately, politics gets in a way for someone like this to take place. This is why I'm nominating Adam to run for governor in the state of California. And I'm your campaign manager. Thank you. Thank you. With you, by my side, I think we can win this.

I would know. Free belt for everyone. No belt for you. Exactly. So you're basically saying Florida, California, take a page out of Florida's playbook. Do something different. But double down. But do something different.

Yeah. And double down. And instead of 7%, 5%, go all in 20%. Screw it. Let's do it. By the way, if you're listening to this, how many guys say, it's an interesting idea. I like it. Put Thumbs Up.

If you think right now we have 130 thumbs up, one thumbs down. If you think it's a good idea, put thumbs up. If you think it's a terrible idea, put thumbs up. I'm curious. And then explain why you think it's a terrible idea and you would not entertain it. Yeah, because don't come to California. So you have two choices. Okay. If you're governor of a state, California, which one do you prefer tourist or small businesses coming to you and stay with you? Small businesses coming today. So who do you want to please more? Who do you want to please more the job creators? Your people that want you know, dude. Hey, you're paying 20% You are paying 20% tourists. You want to come visit us. This is like it's my house. You want to come visit come on down It's all good, but you're a visitor, but I want to make sure the. This is like, it's my house. You want to come visit? Come on down, it's all good. But you're a visitor.

But I want to make sure the people that live in that house are protected. I want to make sure those guys have the biggest upside. I want to make sure people want to come create for my economy. I think that's, I would be very, this is one of those videos that if we put to some of the ITAIM and short clips, I want to hear commentary and I want to hear you tear up my idea.

Just destroy the idea. I want to hear commentary and I want to hear you tear up my idea. Just destroy the idea. I want to read every single article, I'm going to every single respond and I want to comment to every one of those that gives their explanation in the short clips when it comes that I want to hear your argument to say that's a terrible idea. What do you think the blowback is in the bureaucracy in terms of politics? Why would they push back on something like that? What would they say?

What would the special interest say? Why would that be a good deal? So this is what is gonna come down to, if you really think about it. Like yesterday, I spoke to the former, this guy said, the den of nerds, live 10 bucks incredible, I'd you could save the state.

Okay. So yesterday, I was speaking with Jimmy Petronas. Jimmy Petronas here, the CFO, the state of Florida. He follows the vitamin, he knows the content and we're trying to figure something out because, you know, we'd like to have him, we'd like to have a governor, the Santason to talk about why what Florida does and what part of it is transferable to other states. So you asked the question, what would prevent the politicians to want to do that? Right? Okay. that? For me, it works like this.

Say I'm sitting with my board and the board comes up and says, the sales leaders come up and say, hey, Pat, what about if we do such and such idea on the comp? What's the first thing I say? The first thing we do is let's run the data and see what it looks like. Let's run some beta tests and see what it would look like. Let's go back six months. Okay, and we run it. Okay, we run it. What would have changed? You know, we're up, we're up 160% for the month. This is a record breaking. These guys are not 160%. They're 200 something plus percent on what these guys are doing. They're going to be five to

$10 million earners and no time the way they're going. I mean, it's not even funny. Yeah, so, but imagine that I go to the board. I say, guys, I think we need to do XYZ. What are you talking about? Yes. But then I show the chart. And I say, boom, boom, boom, if you did this, you did this. Oh, this, you would do this.

If they ran numbers and presented it with the data to say here's how much money you pull them from your 13.3% Here's your 279 million these 279 million go to Disney World we can collect the 20% tax from their Disney's not paying for the people that are going there are paying for it So if Disney's tickets are $300 a pop all they have to pay is what? 360 that's an additional 20% you have to pay for it, you come in here, nobody told you to come, you have Disneyland, Disneyland World, pick one or the two. And at the same time, all of these Florida, Nevada, Texas,

all Tennessee, all of these places that are recruiting are small business owners away. We shut those people up and they stay put. And not only that, guess what we do now. You get on the hall, you get on the radio, you get on the video, you play offense, and you say, hey, if you left us, guess what? Hey, hey, if you did this, now you're present.

Now this doesn't mean people gonna move back because if you're already in the state of Texas, you're paying 0% state taxes, or Florida, you're not really gonna move back. Like listen, I hope you realize, I'm moving my dad here, I'm moving my, this is not a message I want to move back to California. Zero, we can turn off our ringtone,

someone's ringtone's going off if we can turn it off. So Mario, it's a yours or just tell you, girl, you call her back afterwards. Jesus, Mario and his girlfriend. Tell her, relax, dude. One or, like, marry, please, that's enough. Marry, that's married. We've told told Mary leave it along from 8 30 to 10 30 But her's aisha

It's called 40 club Just Yes, they were doing things. I stuck into this girl out of more and I say autumn You know you remind me of what what if what if macarena nice that she says I have no idea what Fucking Out of the Gen Zs out there they don't know about I you what would they don't know about poison belt We have to vote you were saying something. I was just saying is this something that you just magically woke up in there? I got an idea or have you been ruminating about this for a little while?

24 hours. I've been thinking about it all day from, last time I was telling you guys about it out here in the night. I'm like, what a brilliant, California's one move away. One move away if the right governor goes there who knows how to sell this, because this has to be sold.

Right. This cannot be like, I think we can have a great idea if we charge tourists 20% like, you can't say, Charles Tro, whoever it is, like a boring politicians cannot sell this idea. It has to be somebody that can sell. This is a ridiculous revolutionary idea that could save the state. It's that big of an idea. But hopefully someone like Chimath who's running running for, I believe, governor, sees something like this and it ends up on his radar.

I think the point that you're making is California needs to shake things up. The status quo people are moving, they're going to hell out of there, the recalling governor, Gavin Newsom, you know, it's just not a tax-friendly state. They need to do something different and take a playbook out of Florida or who knows? Well, California be the number one state in the country moving forward. Yeah, no I think it's such a Revolutionary idea. Mm-hmm. But if the math backs up my argument, it's game over. Yeah If math backs up the argument, it's game over. You'd be the driver. Let's get some It would be game over. You know who would follow us it's get some attitude. Oh, they would be game over.

You know who would follow us right afterwards. Guess who would do it. New York, New York, New York. And Illinois. Guess who would do it next, Illinois. You would have all those three states do it, okay? Because all those three states have a lot of what? Tourists.

Yep. All those three states, what's torque? Can we find out what? Who's is that? It's on the iPad. It's something. It's a Mac, Mac something that's making that kind of a noise. Who is that it's on the iPad. It's something it's a Mac Mac something that's making that kind of a noise Who is who's is that is that yours? No, it's not I'm on the whole silent mode. So I'm curious now to find out what's New York's

2019 tourism everybody guys everybody check it as if it's you do a lot more do tour I'm gonna do New York Everybody check it as if it's you do a lot more do tour I'm gonna do New York 2019 New York Taurus New York say tourism statistic 2019 What do we have? 265 and a half million and it was 280 in California So New York and California think they could do the same thing Generating an economic impact of $118 billion. Illinois, 120 million. Wow. 120 million.

Florida. Yeah, but yeah, but but still I'm trying to know Chicago. That's a weather. Yeah, that's ridiculous. So you got to 280 million California. You got 265 and a half million New York. You got 140 Florida. You got 280 million California. You got 265 and a half million New York. You got 140 Florida. You got 120 New York. Buddy, I mean, this could, it's a playbook that could be used.

You want, by the way, you know who wouldn't like this? Who wouldn't like this? China wouldn't like this. Because you're getting wet. Taxis coming in. China wouldn't like this. It would actually unify the country. It would unify the country because you're putting everybody,

like actually be the devil's advocate. Give me the argument. Like what part of it you're like, well, it's not gonna work here. Well, what if this argument? What would you say to it? I mean, coming in, do you have choices, countries, let alone states,

that we're paying a little bit more of a premium. I would think that would also happen to the small businesses too as well. So not only the individuals, but I would also say that for lack of better term, whatever tariffs or income taxes or sales taxes have to come through a Chinese tourism would come. And being, say, you know what,

we got England to go to Australia, go to, whomever, there would be, you know, pinging that off to different, you know, ideas or where to go to. But what's the devil like? What would be? Yeah, I'm trying to come up with the devil's advocate. Like, for instance, I don't know many people that say,

well, I was gonna go to Florida, I was gonna go to Disney World, but that 5% tax, I can't, I don't, never heard it. So, you know, so more we're going down this path, essentially what you're saying is help the small businesses, help states recruit more businesses, and have the frickin' tourists pay the tax.

The one thing that I guess, you know, devil's advocate, we're thinking international tourism. That's what we're thinking. International tourism, sure. But, you know, state-to-state tourism, I guess, is where it gets a little slippery because, you know, you're taxing your fellow citizens. If you're talking about nationalism and, you know, bringing everybody together and coalescing,

you're still going to be taxing fellow Americans visiting your state. Yeah, but guess what? What I'm trying to tell you is I love my state. Gotcha. You're going state. I love protecting my constituents. That's your job when you get elected. To Shay as the governor. Yeah, as the governor, I'm your advisor. I'm advising you as a future governor. Correct. I'm your, you know,

Consiglia area, your advisor. Your job is to protect them. Who wouldn't like it in the state of Florida? This, you're going to get pushed back from who? Disney, you know, universal studios. Some other people are some of the tourist businesses on South Florida may not agree with that. They're gonna be like, hey, you're gonna,

you can't, keys may say you're hurting us, right? But a lot of people that go to the pieces, why would the businesses in Florida oppose this? Why wouldn't they, Disney, if you're in a state? You're saying opposed other states doing it? No, no, Florida would oppose if you raised the tourist tax to 20%. Florida would oppose it. Disney would doing it. No, no, Florida would oppose if you raise the tourist tax to 20%. Disney would oppose it. Universal Studios would oppose it. So any body that relies, like when you go

to Croatia, they get 4 million tourists every year. This small island called Dubrovnik. Beautiful island. Beautiful island. The only revenue is tourism. We weren't whole-time- How many times do people say thank you? Oh, thank you. Thank you for opening this up. The photographers, the taxi, the restaurants. If it was people think you were Hawaiian by the way. They say, what's up, who's so?

And that's like the homie and the homie. That's right. Shout out to the, you're really. Shout out to the, shout out to the rocks, younger cousin. Yeah. Based on what the, what the people said, right? Because he looks like rocks, younger cousin. Yeah, based on what the people said, right? Because he looks like Raj younger cousin. But the point is Hawaii, same thing, the Raleighan Tourism.

Okay, so who would oppose it? Those small businesses who rely on tourism. But would they benefit long term from small business owners moving there? Sure. I think someone's going to take a hit no matter what. The hits going to be put on the tourists matter what the hits gonna be put on the tourist The hits gonna be put on the tourist business locally But long term that state's gonna get a lot of benefits of people staying there and commerce and business not leaving

Mm-hmm. I can't believe we spent 20 minutes talking about yeah We just Allow me to just give one sort of epiphany that I had since doing this podcast One thing you made me full on understand is that governors need to be recruiters to their state. There's no question. You can't just sit back, we're running our state. Your job is to bring in jobs, to bring in talent, or you're going to fall by the wayside.

And that's something that I think Florida is doing a good job of. Obviously, you got recruited by Rick Perry. Come on down to a ranger's game I couldn't believe how good of a rookie he can't name the three different parts of Economy that he'd like to change but he could recruit you as out of California So and right now if you look at the guy that's the leading candidate to be the president 2024 don't say behind Trump don't say it behind Trump Don't say it. Behind Trump.

Don't say it. Don't say it. Are you about to say DeSantis? DeSantis is the leading candidate. According to CPAC. Not according to CPAC. According to data. More than Pence.

BLM trusted Florida. More than any other state. NBA trusted Florida. Well, they're the only state that was open. But that's why you come in here then, then shut down the NBA. The NBA needs to think the Santis because you chose to do your NBA playoffs and Florida and the Super Bowl and the Super Bowl. The end of the Olympics.

But what I'm the he his policies has garnered him the conversation of being considered 2024 for candidates for presidency There also I mean look I Know you take no no guilty is charged Florida is getting a lot of hate right now during spring break like it's a full on zoo going on Hard-court Thursday Friday Saturday Sunday and you decided to make Wednesday ladies I'm at the point where I can go hard one night Friday night. I'm done for the rest of the week I used to go Friday Saturday running back on Sunday I'm at the point where I got a hard on a Friday. I just stories disappears in 24 hours

Very fortunate. Yeah, if you see Adam not posting I just stories for two days. He's been part of it Zero-darky is charge is recovering. I think Ron DeSantis needs a nickname. What I mean Ron DeSantis like Ron like set of Ron DMC like the magnet DeSantis. I think it's a magnet attract What about like this is to Florida? What about like Ron GDP? Set of the MC Ron GDP Ron DeN. Okay. Okay. I'm going It says coming on something coming from Illinois Yeah, both going to Texas and Florida going somewhere. I said, it's coming from Illinois, and both going to Texas,

and Florida has been a complete different world for me, coming from Illinois. When I get COVID, right away, I found a 15 minute rapid test, all within a five, 10 mile radius, found three of them, in Illinois, it's a doctor's appointment, and then it's too different for us.

You're saying you were in Texas. You got COVID in Texas, yeah. But right away, were in Texas. You got to hold it in Texas. Yeah, but right away, I think I think a lot of us did. I think we're all in Texas is guilty for that. And then coming to Florida, you know, the businesses are open. Yeah, people are inside the restaurants. I'm actually shocked by the way, Chicago, I know it's 33 and snowing out there right now. It's 80 and ball me out in Florida.

Look at recruiting. Recruiting. Recruiting. It's easy to recruit. It's 80 and ball me out in Florida. Look at recruiting. Recruiting. It's easy to recruit. It's easy to recruit. Great recruit 15 move. 15 move. But just five years, he'll be here. Yeah. I mean, they can 10 million dollars a year. Everyone a house in your neighborhood at that point. Well, we'll be making some exciting announcements here very soon. We make some excellent decisions. Oh really? No, not really. No, not him. But even what he said, he said, he said, he said, VPs, he said the fact that, you know, COVID, all that stuff, and within 15 minutes, he found a three places to go and do it.

I call my guys in California. I call Ricky. I said, Ricky, go get tested. Ricky had to drive from Bakersfield to Glendale to get tested. I mean, two hour drive, what is that? It's not even from Bakersfield to Glendale, there's a bunch of cities you go through.

That are good-sized cities. You mean to tell me none of them have that. How's that even possible? How's that even possible? How's that even possible? But you don't control. But you don't control. Because you've only lived your plus,

you've lived in other places, but your experiences are in states ran by Abbott and the Santas. Yeah, so for you your leaders have been the Santas and Abbott That's all you know you don't know no some like I don't know no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no Well, you've never learned in California. And you're not a living California, too. Well, Newslom's doing a great job. And obviously our good friend, Andrew Kromo's doing a great job. I say, I say, I say we have a camera follow you. Yeah. And you go to live in California for one year. Okay. And you tell us how you feel about it. Yeah.

I'm sure my attitude would change about everything at that point. You think so? I mean, a lot of people, I feel like California. California recruiting you to be that governor, because go there and all these policies are gonna, all of a sudden, that could work. You know what, you know what,

Soznik showed up, the tax changed 20% tourism tags, one where he got it from. Yeah. So tell us about the biggest difference with the tourist. Tax the tourist. Tax the tourist. The great campaign,

tax the tourist. Tax the tourist, that's right. That's 20 trillion. Tell us what we're going to do. In Illinois, in Chicago right now, I mean, you kind of brushed over it a little bit, but I mean, you've been in Texas.

Now you've been in Florida for a few days, and you spent some time in Florida. Biggest differences in your mind. Well, politically, socially, economically, what have you seen? Well, first of all, Illinois, we've got four governors who's been to prison. That's the number one. Yeah.

It's a brown envelope top of state for governors and the past how long? Last 20 years. Really? There was a blow, what was his name? Blagoa, bitch. Blagoa of the town. Blagoa of the town.

Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town.

Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. Blagoa of the town. or there's some Republicans. Okay, so the equal opportunity criminals. And you pretty much have one county, one city, pretty much running a whole entire state. That's Chicago.

Yeah, right. Yeah. Yeah. Cook County, Chicago. Yeah. And so you're exactly, Cook County, Chicago. But you know, there's, you know, you've got Governor Pritzker right now, who is, who is what,

the 53 richest man in the world. Pritzker family. Pritzker family. Of course. what the 53 richest man in the world. Pritzker family. And Pritzker family, of course. Yeah, so he's running it. He's a big boy too. You know, when he was running for governor,

we went to meet him. First question I asked him, how do we fix a pension plan? The pension programs and no real quick answer there, no real plan. I was very happy on election night. If there's one thing to be happy on election night was that he was attempting to put a progressive income tax I was very happy on election nights. If there's one thing to be happy on election night was

that he was attempting to put a progressive income tax in Illinois, not just a flat tax. And they got voted out. He put $53 million of his own money to campaign for progressive income tax. His biggest don't to that whole campaign was $1,500. So not a lot of people believe in the progressive income tax in Illinois.

But yeah, there's a lot of, you know, there's just a lot of, you know, a lot of challenges there locally. And so that's the, you know, talking with Robert Isham there of Illinois Policy Institute. So, you know, there's a lot of things that we're looking to get involved in. And this question.

The question of the court, huh? Illinois politics. Illinois politics is interesting politics man It's it's a different kind of politics, but look hey Uh, if you're enjoying the dialogue thus far hit that subscribe if you'd if this is the first time you're with us We started this podcast a few months ago There's other content you may have seen myself Matt Saupalon seven figure squad or Adam Sausnik on by 10 economics There's other channels that we create

content, but this is the podcast. If this is the first time here, you may think you're subscribed to the channel already. You probably are not. Please press the subscribe button. Okay. So let's, we haven't even hit a topic yet. This entire time it was saving California. Big ETT. Tax the tourist. Tax the tourist. If you're watching this, you got any questions, go on Twitter, hashtag, pbd podcast. Once again, hashtag, pbd podcast. Marry you, go on Twitter to see if anybody's asking questions. We will directly answer your question.

We did get a summited, I just gave $50. Let me give them a chance. Wow, awesome. Awesome, somebody gave $50 saying, hey, can you please give that $50 to Adam to go buy belts? No, that's not what he said. That's not what he said. Take it, by the way, quick shout out.

Put them on the shelves. People are asking where Kai is. Kai will, Kai's okay. That's not what he said. Take it. By the way, quick shout out. Good emotional. People are asking where Kai is. Kai will, Kai's okay. He's at the next. He'll be back soon. Oh, is that where he is? And we have a great replacement for Kai. The Guatemala sensation.

You know what Kai means in Filipino? I do not. Kai in Filipino for short. The long word is Kai vegan, but Kai in Filipino means homeboy. Homeboy. He is a qualified homeboy. So Kai vegan. The God pill. You're my Kai vegan.ine means homeboy. Homeboy. He is a qualified homeboy. So Kai Began.

The God pill. You might be down here. It's a problem. Mark get us about to open. I go over my $100,000 a year or every day to help you do the same by GM and AM. So okay, good. He just came into advertised.

He's a robber. Yeah, and not a Robin Hood, but a what's the other one? The website where they go and they drive traffic to it. Right, eight corners what? No, no, no, no, no, where all the conversations happen. I can't read it.

Yeah, read it. Okay. All right. So let's go to some love here to the seven figure squad. Shout out to massive. Oh, much. Lamy, Merino just dropped in 50 bucks. Thank you.

Yemi, Merino. Okay. All right. So we got a few topics to go through. But I let me see. Yeah, let's go into Biden's tax plan. Okay. Let me see. Yeah, let's go to Biden's tax plan. Okay, Biden eyes first major tax hike since 1993 is what he got. If you want to go on page seven, let's go through some of the details. It's very, very long.

I'm not going to go through all of it, but I'll give pretty much the basic idea of it. Okay. He is planning major tax acts since 1993 to help pay for the long term economic program designed as a follow-up to his pandemic relief bill Unlike the 1.9 trillion dollar COVID-19 stimulus act the next initiative which is expected to be even bigger won't rely just on government debt as a funding source Preparations are being made for package of measures that could include and increase a both corporate tax rate and individual tax rate For high earners so rising raising the corporate tax rate and individual tax rate for high earners. So raising the corporate tax rate from 21 to 28, oh yeah, raising it from 21 to 28, pairing back tax preferences for so-called pastoral businesses such as limited liability companies or partnerships, pairing back tax. Oh my gosh, raising the income tax rate on individuals earning more than $400,000 a year

income, expanding the estate tax reach and higher capital gains tax rate for individuals earning at least a million dollars annually. So Matt, why don't we go to your first thoughts. Matt, thoughts, you're penalizing their energy, penalizing the generation. I mean right here, higher capital gains tax rate for individuals or anything. A lot of people that purchase stocks and buy businesses and things that buy low sell high are earners and when you do well with that, you start making, listen, if a common

Joe like me could start making a million dollars with no college degree, just learning a craft, learning a trade being being mentored by UPBD. There's a lot of other folks that's in that range too, as well, buying and selling, buying and selling. So again, that's hurting other investments into business. We've invested in other businesses by making money in one area and investing

into other businesses. So let's got to penalize those who want to do, do I buy and hold versus buy a sell and invest into something else? That's going to affect that too as well. Again, they're earning more money than $400,000. By the way, I saw like a jerk when I said it, don't I? I saw like a jerk. I used to make $20,000 a year just out of the rain. I don't know. I saw like a jerk. And then I'm like, well, now that you make it money, well, yeah, because I I busted my tail for it. You know, nobody gave me anything. I didn't have a rich family to give me any money.

And now that I've done what this country allowed me to do, and then I have these type of policies, now I gotta look at, now pay more money. I gotta make more money just to net the same amount of money just because I have three higher income tax. So that's my initial feedback when it comes to that. Where expecting is going. By the way, here's a former Marine.

Eight years, you were in a Marine. How many tours did you do? Two or three. I did two tours, a combat tours. back when it comes in, we're expecting this. By the way, here's a former Marine, eight years, you were in a Marine. How many tours did you do? Two or three? I did two tours, a combat tours. Where did you go to? So, Persian Gulf War and an Operation Store, up in Somalia, Africa.

And you came back as a single father. Yes. Okay. You don't hear single father often. No. You hear single mother, but you don't hear single father. Takes responsibility on how, what were you doing to make money to support your kids at the time?

I was. I got involved in insurance industry. Yeah, I got involved in insurance industry. single father, takes responsibility and what were you doing to make money to support your kids at the time? I got involved in insurance industry. Yeah, I got involved in insurance industry. I was just a producer for 14 years. High contract buying leads and all this stuff and that was ultimate burnout because I realized wow, if I don't sell, I don't make any money. So I mean, the industry, great business, but is a single dad. If I just didn't feel like it or just had a bad month, I had a bad campaign,

I'd be out of money. That's why you teaching me how to scale, you teach me systems and processes and creating company culture and creating a national business and creating a duplication with inside my business. That's been the saving grace for me. And then my income started to exponentially increase.

So I did the right things, we created jobs and we've added jobs. We just hired actually today. We have one of our new guys in 7th years, one starting today. So we're creating job. I'm doing what I'm supposed to be doing as an entrepreneur. I'm not trying to compress. I'm actually increasing our payroll and getting less people depending on other church-chirping government. I'm getting them self-sustaining. Matt, Matt, growing up high school, what did you guys live at in Chicago? I lived in a burrow and sisterless, stichening area, went tochirping government. I'm giving them self-sustaining. Matt, Matt, growing up high school, what did you guys live at in Chicago? I lived in a burlin sister or a stigna area

went to Morton High School. What would you say that area is as far as safety goes? Oh, middle to low. Middle to low. Give me an idea, like what are some things you saw as a kid growing up? I put it this way coming out of high school, the reason why I joined sports,

which I could say I had some very athletic aspirations. Yeah. I was walking outside in the gang bangers, remember back in the days to have those long socks that goes all the way to the knees. Well, the gang bangers were swinging it with a lock at the bottom. All the kids that come out of high school,

they're swinging and just hitting kids, no police, no marks, you know, everybody's kind of scaring them. That happened every day. I said, okay, what's bored my joy in you today? What would you call it? That was at my top of neighborhood. You couldn't have a starter jacket,

remember the starter jacket? Yeah, of course. Of course. You can't have a starter jacket. Remember the starter jacket? Of course. Of course. You can't have a starter jacket in your locker. Your body's getting their starter jackets ripped up. People's crazy starter jackets. I will never forget the starter jackets. How does one was Raiders?

Everybody, everybody in LA wanted the Raiders starter jacket. And in the 80s, the bulls. Bulls, yeah. And the end of the bears, though. I mean, don't forget the bears as well. Correct, correct. More so the bulls, because it was a longer run, you know bears was Was just one year, but you know

And by the way the first time I had a pair of Jordans was 42 years old when you gave me a pair crazy, right? Crazy when you think about the reason why I'm saying this to you. So now watch this Matt how many people do you and sheena support now the number? Little would I give in names? How many people do you support your family? Oh, kids, in-laws, parents, your parents. 10 plus. 10 plus. So, that 10 plus support is taking pressure off of who?

The government. The government. So you, this is officially the government of the Sao Paulo's, that they take care of their family. You know the whole thing is about, I want to be so holistic with my family, meaning I want to be able to support the people I love, but when it comes down to business, I want to be capitalistic. Let me choose my career, right?

But if I want to give equally to all my kids, let me do it. That's because I want to do it. Don't force me to do it. And he's supporting his entire family. And we want to hurt guys like him. I don't know about that. But by the way, do you remember when we would debate Biden raising taxes?

And what would people say? Do you remember what would people say? That's not true. That's not true. Or they could afford to pay it. Yeah, no, they would say, that's not true. No, he never said he's gonna raise taxes. So Adam, tell us what you think

about this wonderful strategy that Biden has. Great segue. Shout out to Matt Zipala right there for it, doing what he's saying. I mean, look, you kind of touched on this, that this is no surprise, because this is exactly what he was running on. This is, like, as I'm reading these notes,

I'm not like, whoa, where did that come from? And I'm not saying that I support higher taxes. Like, who the hell wants to support higher taxes? No, the problem was this. The problem was this. Obviously, the election was very close. And ultimately, the election was decided, November, what happened?

You know, what we got going on with you. Nah, I just want to spoon. If you guys can grab me a spoon that way. You need to spoon. The election was close. But just to revisit the past, this is why that fricking Georgia Senate race was so damn important. And this is why the Republicans could not get out of their own damn way.

And look, as someone who, you know, pretty decent high earner, I don't think we're on the Sapala level, but makes money definitely doesn't want their taxes to go up. But this is why I was even saying, look, I'm not, I'm no fan of Trump. I definitely, I've been vocal. I'm voting for Biden. I think Trump is a fascist and I don't want him around. However, I, if I were voting, I would vote for at least one Republican in the Georgia Senate race.

But the shit show that was the Republican party, especially in Georgia, Trump, Kelly Loeffler, David Perdue, the bickering and the infighting led to what we have now. If they had their act together and there wasn't a civil war in the Republican party, we would have a 51 Republican Senate majority and 49 Democrats. And this wouldn't be a fricking issue. And they wouldn't be passing $1.9 trillion stimulus, which I think is obnoxious, $1 million, $1.5 trillion, whatever. But this is a little aggressive. But this is the ramifications of voting. As much as you say, you have to realize if you voted for Biden and he told you he's going to raise taxes, there were a lot of people that said, I don't

know if he's going to raise taxes. Forget about the individual, forget about the personality, forget about who it is. I almost think we need to just have policies run for office, not individuals run for office. We have policies run for office. Here's policies on the left, here's policies on the right. No color, no personality, no temperament, no Twitter. Here's policies. What do you want to vote for the next four years? And you get to vote. I think I think Trump would add policies. Say, take Trump out and just put his policies. You would have voted for

100% of time. Let me, let me say that one more time. Trump without the personality of Trump, if his policies were put on the table and he had to choose between the two, and there is no such thing as Republican party and Democratic party, no such thing. It's just policies and no candidate who would have voted for. Well, let me just say this, as much because we've addressed this, allow me, we've addressed this before, take the emotions out of it pure life right right unfortunately That's not reality, but even if I were to say policy wise, I would it I would vote for Trump the whole purpose of a podcast

The whole reason he got elected was personality. Well, okay So again, but go back to it because I don't disagree with you. Yeah, what I'm saying to you is if you take the personality out You put policies out which way would have been maybe not a hundred percent but you're fifty fifty split would you have not been sixty forty to not raising taxes i think without trumps i mean look tax wise look if taxes are the only fricking issue on your mind but then yeah if you're a high earner of course you're gonna vote but i'm talking about a lot of higher and a vote democrat put up for different reasons though put all the policies on the table put all the policies on the table.

Put all the policies on the table. There is no Trump personality. It's policy to policy. Which way you voting policies. There is no personality. If there was no. Give me a percentage. 55, 45 on these policies.

As far as which direction. If you voted for the policies that Biden had versus Trump's policies, the taxes are gonna go through the rules. I'll tell you this, there's a higher likelihood. I would, Trump would be more palatable just based on his policies. The policy. Just based on his policies.

There's a higher likelihood. There's a point, that people would have voted for that. The point I'm trying to make, the point I'm trying to make is the election adds too much emotion when there is personalities involved. And all I'm saying is, maybe we have to take a look at how we are voting, moving forward. Maybe we have to take a look at how we make a decision moving forward.

Maybe we have to take a part of the personality out and we don't get me wrong. There needs to be a lead dog. There needs to be somebody that's going to be here to execute certain things. But you know, there's a thank you, by the way. There's also a challenge when, there's also a challenge when, you know, you have somebody that you can have one bad connection with him. Like, you look at Trump and you say,

you reminds me of my father. I'll never vote for him. It's not Trump's fault. You're just never going to vote for him because you remind your father because, you know, he was so strong. Like, there's no way in the guy, never, ever will I vote for him. It's not Trump's fault. You're just never going to vote for him because you're not your father because you know he was so strong like there's no way in the got never ever will I vote for him. And overlook the policies. Yeah, and overlook the policies. Because when you

put the policy side by side and I would debate my friends, that's a tell me forget about take the candidates out, take the faces out, put the policies done. Which way you voting. And I would mix it up like you know, I would put right policies on the left side and right left policies on the right side Just I would say I say you realize you just vote it by the way 90% of the time They all voted for conservative policies and they didn't even know it Wow, and I'm not talking about people that are Republicans I'm not talking about people that are I'm talking about reason like he's a reasonable guy If you sit down with them. Yes, so boy mafia all that stuff and you know, you know

He hates Trump Trump's a fascist. He just drops it out there like it's a proven fact. Yes, he can say all the stuff that he says. But if we have the numbers neck and neck right next to each other, you'd sit there and say, damn, never thought about that before. It reminds me of a military termionizes, don't respect. You may not respect the man, but respect the rank, the job that they have to do.

It's kind of like this, respect, you may not respect the man or woman, but you might respect with your respect, their job they have to do. And when you're looking at, you know, the policies, you know, you're looking at partisan, you know, partisan bipartisan issues, there is a lot of emotional anchors to a lot of people making their decision. I mean, look at the properties you're looking at, there's a lot of emotional anchors there, Why somebody either wants to drop a prize or price it? Oh, and point is ridiculous. What happened this week? Yeah, that's it's all it's all emotional and so I think that the very same same thing I watched this to give you some credit you ready. I'm gonna give you some credit here You're gonna like it get yourself ready beltless Adam sauce. Okay, so watch this here. Watch this here. Okay, watch this

You're Mario you're looking at the Twitter again guys if you're watching this you got questions go to Twitter Watch this year. Okay, watch this your Mario. You're looking at the Twitter again guys if you're watching this you got questions go to Twitter Hashtag PBD podcast hashtag PBD podcast PBD podcast question for you. Okay last night We're sitting there by the pool by the inner coastal we're having a cigar Which by the way Mario? Thank you for those cigar. Okay. He got the old school military the swissers What do you call the cheap ones? He's rolling. He's supposed to swing. No, no, he brought legit stuff last night. He got the A school military, the swissers, what do you call the cheap ones? No, he got his roller, swissers, we've got. No, he brought legit stuff last night.

He got the Aval 30 years. Yeah. One of the thing that concerned me is I think he's spiced one of them. That's spiced. He lowered it. Yeah. He lowered it. You were going somewhere.

Yeah, I was singing. Okay. So, so yeah, Paul is Paul is not here today. Paul got so pissed off, but you know, because we leaked the information of what kind of music he works out to it was upset about it But anyways going back to it last night we're sitting there. I'm showing you the homes I'm showing you the community. We're looking at a bunch of different things You asked me question you said what's the difference between what yes a million? 10 million hundred million and a billion right and

The answers we went through together, right? Crazy answers. So I said, here's the differences and the point's gonna get to Trump. I said number one is you have to have the people that make it at the highest level, they have extra ordinary, larger than life charisma. Chris Wright, we talk about charisma. Like your charismatic, charismatic, charismatic, there's charisma. It's attractive. There's something attractive about them that people keep going up. Like you want to run with them. You feel the energy like, do this guy's going to do something with them, right?

Okay. But that's not enough because there's a lot of charismatic broke people. So that alone, it's nothing. There's a lot of comedians in LA that are charismatic, that are making 24,000 dollars a year, and they're waiting on tables, counting on tips, and driving Uber at nights, right? Okay.

Or charismatic evil people. Charismatic evil people. We know those as well. There's business, you're gonna meet people like that, right? Then as a second thing is extraordinary energy. There's a man named Hubert who said these two, 20, 30, 40 years ago, these two points, okay? And he was one

of the best to do what he did at his game, very competitive guy. He said, extraordinary energy, which means what? You can last. You can go, right? Meaning you, if a guy gets tired at nine, you go on 10, 11, 12, one. That guy's already asleep. I'll give Trump credit for having extra energy. By the way, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no the way, no, no, no. By the way, charisma and energy, but watch what happens with the mistake. Watch what we're going here. Then I said, the next one is focus.

The more money you make, the million, 10 million, 100 million, up billion, the more you move up, the more people come to distract you. The more opportunity has come up to distract you. So what happens is like, oh, what if I do this and what if I do this and what if I do this great? But your core core, you can't get away from the core. So as you move up, you get distracted.

Unfortunately, many people do, right? And the guy that stays focused along his wins. Then I said, the next one was, they do it now. So agency. Yeah, urgency. So yesterday, I'm having a conference call. Yesterday, I said yesterday felt like a week.

We got Tom and I. Tom and I yesterday did enough and a week as we did on one day we did in one day what we Typically we're doing a week Wow How to conversation in a morning one of my favorite calls was calling David Hays or CIO made an announcement to him He's officially a shareholder with the company shout out to David Hays very excited about David Then it was Alexis was got a great call surprise call. Then also was right. Alexis was it was also a mat, mat for it, which I'm really proud of these guys. They got a good call as well.

Matt was emotional. Everybody was, I'm excited about right? I'm excited for you guys. Congrats. So, so we went back to back to back and there was a point where I went yesterday to watch Dylan play, which Dylan freaking killed it. Yes, I was. No joke.

Just a level of growth with this kid. to watch Dylan play, which Dylan frickin killed it. Yes, I was. No joke. So, so, so. So, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, up, I went upstairs and I'm like, I have to get on my knees and pray tonight. So, so, so, so I spent time with Dylan, I'm like, oh, this was great, but I'm on the phone for three and a half hours, dealing with different issues, right? But it was all like business deal that's coming up. And then at night, we meet together and we talk. I said, so, the other difference is,

as you make more money, you can say, I'll do it tomorrow, because who the hell is gonna say anything to you? Who's gonna say anything? Who's gonna say, who's gonna say, Because who the hell is gonna say anything to you? Who's gonna say anything? You're making a million. Yeah. But the person that's gonna say something to you is the guy that's making a hundred million.

He's gonna say, oh, you're the tomorrow guy. Oh, so you are too cool for tomorrow. So that leads me to point number five, which was the two cool crowd. You're too cool to make that phone call. You're too cool to have that conversation. You're too cool to go say hello to a new employee. You're too cool to go shake hands with a guy that's just wanting to talk to you. You become too cool to have that conversation. You're too cool to go say hello to a new employee. You're too cool to go shake hands with a guy that's just wanting to talk to you.

You become too cool. Hey, hey, too cool, man. I'm too cool. So watch so far, Trump's a now guy. Trump's a larger than off-carisma guy. Trump's an energy guy. Trump's a guy that is not too cool. Everybody will say he tipped me. He's about every valley.

Anybody that was one of his secure, they said he would stand there talking for 10 minutes, how's the wife, how's the kids. Everybody had to say that kind of stuff about the guy, right? So I gave a few other points to him. You know what the last one is? Focus, is that what you're saying? I've always said focus. He's also focused.

He said make America great again. He stayed focused on it. Never changed, he stayed on that for six years from campaign to the end, right? But you know what the next one is? Go ahead. I was, well, I don't want to, no, right? But you know what the next one is? Go ahead. I was, well, I don't want to, no, no, go ahead. Go ahead, say.

Well, you talked about not creating unnecessary problems. Self-inflicted problems. Trump is 545, but he's self-inflicted problems and he creates new enemies you don't need. You're already, when you get to a million dollar of your income, when you get six figures you have enemies. It could be your cousin that's never made more money than you've got a degree from USC.

He's not happy with you, because his mother's like, how the hell did Joey not get a degree and he's making six figures. You and I, you went to USC, your mommy, your daddy and I spent $200,000 and you're on making 68. Why is Joey working harder than you? You have an enemy. It's your cousin.

You get to a million. You have enemies. You get to 10 million. You have an enemy. It's impossible to move up without having enemies. There is nothing you can do about it, right? Without having enemies. Trump, self inflicted, Trump, new enemies.

It's just he could have prevented that. And the old enemies he did be, he kept reviving. He kept reviving old enemies. It's just he could have prevented that. And the old enemies he did be he kept reviving, he kept reviving old enemies. What is the purpose of it? Of doing that. Gotta call you a city from a guy respect a lot. And we're having a conversation, say, well, this guy wants to do this. I said, look, if guy wants to have dinner with me and a heartbeat, I'll have dinner with them. I don't have any problem. If he and I said, just so you know, he and I have more in common than he thinks we do, we have a lot of things in common. I don't have any problem. Because what what is the purpose of having more new enemies?

Nothing. Doesn't benefit him. Doesn't benefit me. I'm all about, let's try to rekindle a relationship, right? But there are certain enemies you cannot prevent from having. Trump's going to have enemies. He can't prevent from. He kept creating new ones, creating new ones, creating new ones, creating new ones.

But that was on purpose, by the way. He's the type of person that actually needs an enemy to reel against. I think that was his whole... And I think that's the part. That's part of his ego or part of his whole drive is create an enemy, seek, divide, and conquer. And that was his whole game plan.

Well, wait a minute. That's the politically, you just called the biggest political strategy that's been used from many, many people have lived many different places. That's a pure socialist, communist, you know, these strategies have been used for a long time. Anarchy, you know, this has been used for a very, very long time. So it's not like you're pointing it at him. I don't care about the divide in conqueror.

A lot of people use that. The left used it. Biden used it. Obama used it eloquently. So did the Clinton. So did the Bushes. So did Ray. This isn't a new thing about that part.

That strategy. But to give Bertu new enemies, you can avoid that. And he couldn't avoid that. He kept doing it over and over and over and over and over again. That's when good advisors come into place. You talk to the mob, the most important character in a mob boss is who. Concealiating. Yeah, it's the most important.

It's the most important. You need somebody to speak to and say, hey, you know, what do you think about this? I don't know. Look at Godfather, who was the most important guy in the Godfather? Remember Duval? Think about that. Think about that. Think about that. If you don't give that guy credence and value, because he knows you, a great conselieri

is never gonna disrespect your ego. Like I had a conversation the other day, one of our guys, we went shopping. I said, what are you doing? I said, don't answer on my behalf. I know what I want. You don't need to answer on my behalf. What are you doing?

So I pulled him inside, told him to, and he said, oh, I'm so sorry. I said, no, no, no, I'm helping you mature as a leader. Don't ever answer on a grown man's behalf. Okay. privately asked me, Hey, what do you think about this? So Trump had to write people to respect them and privately say, Hey Trump, I just want you know, Hey, this is I understand where you have to protect and guard the person's what? There you go. You got it, I got it, you got it, Mario's got it,

we all got it. There isn't anybody that doesn't have it. Trump had those kinds of people to protect that. But you have to be willing to take some of the feedback because you have blind spots. Exactly the point. We all have them. Here's my question for you with this.

You've always said, who's the most important person? Thanks, Jason. Jordan for the 50 bucks. Who's the most important person in your ear? It's the last person you hear, who's the most important person? Thanks, Jay's Gordon for the 50 bucks. Keep it up. Who's the most important person in your ear? It's the last person you hear. What's the thing that you always say? Yeah, the last one.

Yeah, the last one. Yeah. More than anyone, who do you think Trump actually listened to in his ear? More than anyone. Who are the people? He said, you know what, thank you, bro. There's my point. I would say his daughter, I would say Kelly and Conway,

I would actually put Kelly and Conway up there. I really think he trusts Kelly and Conway like tremendously. I'd probably put Kelly and Conway at the top. I don't know about junior, I think daughter, yes. I think junior's girlfriend, Kimberly, I think he would actually take feedback from her because she was the former wife of Newsom. I think she would take the feedback.

But I'm not saying feedback because you can always get feedback. I'm saying, did he have a constantly clear role? No. Like someone who's like, dude, I'm having a rough day. I need to talk to him. Well, he wasn't close to human. He wasn't close to any of the former presidents.

He wasn't close. So it's like, you know, it's, I don't, he had a question. There might not be that person, I guess is the answer. Mattis, Mattis was a good guy to have kept. Again, going back to it, I'm telling you, I'm telling you, I'm not disagreeing with you, but I'm telling you right now, the reality of it is, I would still tolerate that personality

to not have some like this take place. Tax is going up. I would still tolerate this personality. You and I don't get to dictate someone's personality, okay, you don't get to dictate someone's personality. Yeah, you hope the person's character's solid. Like, I'm not compromising character, don't give me wrong. I've been around a lot of people in business.

The moment I sense character, there's a line right there, not crossing there. You showed, we have business relationship, but there's a limit to how far we'll go to business together there not crossing there you showed we can we have business relationship But there's a limit to how far we'll go doing business together not crossing that line with you We can have a drink we can have a conversation. We can do all that's of great Deeper than that probably not These policies Taxes going up corporate from 28 21 to 28 capital gains going back up all that other stuff

Where's that money going to to the government to do what to spend $1.9 trillion spending money? Like you have an earned a right to earn my respect to get pay you more taxes. You got to earn my respect for me to raise taxes. For example, if you are for example, let's just say you're one of my entrepreneurs I invested in. Hypothetically, you are someone that's an entrepreneur I invested in. Okay. Matt and I are investors in your company You keep coming back saying I need another five million. I need another 10 million. I need another 20 million

I need another 40 million imagine you keep coming back to someone ask for more money And I'm like what'd you do with the last five million? I gave you what you do with the last 10 million? We gave you what you do with it company hasn't grown You're in growing up 20% what the hell am I doing? Reinvesting back into your company. Now flip side. I talked to my board and I told them board, here's one things I'm not okay with.

I'm not doing this. I just want you guys to know this. So we have to kind of figure this thing out right now. We have a 30 hour call about it. You know what the board said? Dude, what do you want to do? You know why? Because there's results.

So if I go to the board and I said, I need another 40 million dollars to do what we wanna do with the company. They laugh if I'm not growing. They say, no problem. How much you need 40 million? Let's go get it. Because we're growing.

You want to raise taxes and you haven't proven that you've done right with the last 100 billion, a trillion we paid you. You have not earned the right to raise taxes yet. You just printed another $1.9 trillion. That's $5 trillion. Daniel DeMartino, boot conversation me out last week.

$5 trillion in the last 12 months, you want to raise taxes? So this is exactly why I offered a 20% tourist tax for the state of California, New York that we talked about. It's the opposite. Take care of your workers. Take care of your job creators. This is a slap on the face. So entrepreneurs already had it hard

to last 12 months due to COVID and now you wanna kick their asses. You give everybody $1,400, but the job creators like, dude, how do I come up with this money? Support me a little bit, think about me a little bit. I lost my restaurant, I lost my dish. That's what we have to be thinking about. Not, Hey, how you doing? Let me see that cut. Oh, where's the one? Give me the salt Boom. Oh, mom. Oh, mom. Oh, mom. Oh, mom. How's it feel? Huh? Don't worry about it. It's all gonna work out

You got another cut. Don't worry about it. It's all gonna work out. No, bro. I don't trust you. Yeah, so I don't know that that to me It doesn't sit well To do that especially at a time like this. Just let people recover before you say, let's kick everyone's tail. I may be wrong, look, I've been wrong many times in my life and I'm very comfortable with it. But when I see someone like this and I think

about the small business owner that's doing his best to feed the family and support a family of 10 plus, I want to empower him as much as possible because he has proven that he's made America better. You have proven, you've made America better. Mario has proven he made America better. Mario is the highest paying guy in his family. And Mario's lineage, if you see what Mario came from,

Mario's not supposed to be where he's at right now. He's not. Neither are you, neither is he, neither am I. We did okay. How did that happen? We need to reward Folks that are doing their parts. I don't know well said pvd Sometimes he goes off on these riffs and you just I'm just remember time when I was hitting the supply When we have to for example in the military we were ordering, you know cleaning gear and we're ordering toilet plungers and

You know mobs and brooms and a typical mop that you go to home depot for, for let's say, 25, 50 bucks. You order through the government supply channel through its contractors, and it's a $250 for the same brooms. 10 times more. So there's just, exactly. There's a lot of wasteful spending that goes in government.

It goes unchecked. Listen, I'm a veteran, and I don't go to the VA for my medical care. I went there for an MRI. That's about it. And thank God I had the private health insurance that goes to a doctor to take instead of taking all day to be at the VA, not because there's not quality care.

There's great doctors who work at the VA, but the system of the bureaucracy in the VA to take all day after three, four, six months to get an appointment and all day to be there. I mean, I'm a business owner. I gotta run my business and that's spent all day at the VA to take all day after three, four, six months to get an appointment. That all day to be there. I mean, I'm a business owner. I got to run my business and that's spent all day at the VA. And I say, you know, let me give up my seat in line.

So another veteran who doesn't have the private insurance and he's dependent on VA can get and take my seat. So that he can get the quality care that because he might, you know, not have any other options. So how do we get this better? Yeah, people don't want wanna ask you this question. You know, what can a typical, you know, what can the typical citizen do? I mean, when we're looking at all these different things,

how can they, after we saw what happened during the elections? What can the typical citizen, the typical person watching this right now, outside just listening to show, how can we get more active, how can we get more involved? Because if they're gonna sit, you know, we can't sit back and say somebody else is gonna fix this problem, which a lot of people just love to the show, how can you get more active, how can you get more involved because if they're gonna sit, you know, we can't sit back and say,

somebody else is gonna fix this problem, which a lot of people just love to do, tweets, send a text, send them email, is there anything more proactively can do? Oh, don't fall for the trap, man. Do not fall for the trap of relying on the government in any way, don't fall for the trap, become as independent as possible,

become a self-earner, go create your own value in a marketplace, educate yourself. Don't get emotionally tied to a political party just because your parents are Republicans or Democrats or whatever they are. Look, my parents were Christians, but I was an atheist for 25 years. I chose to go become a Christian because I wanted to go study. I looked at Judaism. I looked at Christianity. I looked at Eldias. I thought the best thing for me was non-denominational Christian, right? My parents, politically, they were on complete opposite sides. I went and chose to see you've been voting Democrat all your life, then you're voting Republican, maybe you're an independent because it doesn't seem like you fully agree with everything Republicans do.

You don't fully agree with everything Democrats do. Hey, go independent like an eagle-wise faster if he's traveling like this, right? With both wings. Yeah, so if we're going like this, if we're going like this, we're just going to circles if we're like this, if we're far left. If we're like this, we're still doing circles. Just so far right, it's going in the same place. Far left, the eagle's still doing it far place. We're like this.

We're making real progress when we're sitting here, right? So as a viewer listening to this, if what we say, or I say, or Adam says, or Sam Matt says, you fully disagree with. Great great go do some more research Okay, I fully agree with great go find even more leaks I stated my 20% then I said beat a devil's advocate Because it's not like I don't know a hundred percent. I think it's an idea. Let's now tear the idea apart Right Patrick Lensioni whom we're having at the event, he's got this one book called, four qualities of extraordinary executive.

I think it's something like that. I had my entire executive team read it at the home office, we went through it. One of the things he talks about, argue, argue which to me, it's what? Debate, debate, debate, debate, debate, debate, debate, debate, debate, debate, debate, until eventually you do what?

You sit there and say, you know know what once we're on the same page he says move forward don't bring it up anymore okay let's just go and move forward we're all on the same page you won his ideas better great let's go we're moving out right I think this leads me to the whole challenge that we're facing right now with this whole cancel culture Bill Burr got up and he said one joke and everybody's like, hey, Bill Burr's not getting canceled. You know, the other actress got canceled. And then, you know, who's the guy from UK got canceled? What are you talking about?

He's one of the best TV guys. I didn't say he's one of the most likable TV guys. He's one of the best TV guys. Everybody talks about me. Here's Morgan. Peter's Morgan is on, you know, everybody talks about, that's exactly who you want. If I'm running good morning, Britain, that's exactly the kind of guy I want.

You don't want a vanilla guy. Hi, I'm John. I'm like this pretty boy white guy who says all the proper things. Bullshit, I want Pierce. Yeah. I want Pierce to be the first opinion. But the point is, so what if you disagree? He doesn't agree with that making told the truth. Yeah.

He has the right to say, I don't believe her, right? So we have to kind of know that this is a trap that you can't fall for. You know, sometimes a trap helps the people in your own party but which you don't realize long term you're next. It's gonna come back to you and haunt you. And the biggest thing is don't fall for the trap. Go become independent, be yourself, earner, protect your family or you don't have to one day look Go become independent, be yourself, earner, protect your own family,

where you don't have to one day look back and say, I cannot believe I made a decision. I'm now, you know, having to worry about, da, da, da, you know, I have to be answering to someone's policies. I don't know. I think to me, I had a guy over on my house with his wife, Sunday night, and I love these guys. Their kids are over three kids and we're talking,

I said, look, you have to know one thing about my style of leadership. Here's how I work, and here's how conflict started. Okay, just so you know, I ask you who you want to be. I ask you what you want. I ask you how serious you're about it. Once you commit in my mind, I help you get there, and I'm your advisor to help you get there.

Conflict happens when you change yours every two months and when you don't want to commit to your work, then there's a conflict. I said, so who do you want to be? Because at the pace we're going right now, this is just not going to work out. Just tell me, just not going to work out. You change every other day. So we sat down, we hashed it on 90 minutes. Boom.

We're moving forward. We're in a good place, right? Okay, great. Same thing goes with, you know, like today, where we are. Dude, we got to make up our minds about what we're going to be doing and what direction we're going. But we got to have the debate, we got to hash it out, we got to sit down and have the conversation and then all of a sudden say, hey, we're on the same page.

Let's move on now. You know, so in the market place today, if you want to be somebody that's seen as a leader You kind of got to go on your stripes in the market today go on them easy time ever to become rich ever What do you mean by that? Why do you say the easiest time ever to become rich? This is a joke right now to become wealthy You give me somebody that's willing to read and willing to work hard They're gonna get the strategies and the stamina If you show me somebody at school and to work hard and improve,

it's the easiest time ever to become wealthy. There's so many ways to do it. Why do you think that is right now, you're saying? Money's everywhere today. Money's, I've looked at a house, okay? Okay, one house I look at, $25 million. What does the owner do? Oh, the owner is the founder of the lights

on the bottom of the shoes that when you kids would run, the lights would come up. He's a billionaire. Get out of here. So I've looked at 20 homes in the last, however long that when you kids would run, the lights would come up. He's a billionaire. Get out of here. Look, yeah. So I've looked at 20 homes in the last, however long that are all 25 million plus, right? 20 million plus, right? Wow.

What does he do? At AC company. What does he do? This one, yeah, everyone knows this, he has a dream company. Okay, like what? Famous to kill. Okay, what does he do?

This, what does he do? Okay, he was one of the shareholders of Brooks Arnhath. He was an executive of IBM in the 80s. What does he do? He was this, what does he do? That's what does he do, okay? He was one of the shareholders of Brooks Arnhatho. He was an executive of IBM in the 80s. What does he do? He was this, what does he do? You, like, there's so many ways to make money. Right now, go find a guy like him, work as his right hand guy, earn the respect

of his shadow, everything he does. And in five, 10 years later, it's happening to you. The hardest part is finding the right people to shadow. It is by far the biggest challenge today. If a young guy forget industry, if I have to choose between industry and individual to shadow, I'm shadowing the individual, not the industry.

Go shadow the right individual. Forget about the industry. People are too much about find your passion, find your this, no, find your team, find your running mates, forget about that, find your running mates, find your passion, find your this, no, find your team, find your running mates. Forget about that. Find your running mates, finance your passion. This whole thing about go, find your passion. No, I finance my passion.

I don't find my passion. My passion is baseball cards. But to me, I'm gonna finance my passion. Yesterday we're going through your cards, your collection. A little bit of it, little bit of the collection yesterday. You know, so finance your passion,

but find your running mates, find a team to run with. Well, what's shocking a couple of years ago to your first vault conference, I was shocked by that young man who was 15 years old, and he mowed all the lawns to take he and his dad to set a vault conference. A teenage all conference teenage or 14 15 years old is also shocking to me when I read the comments that follow value team and listen to the bed David podcasts is how many teenagers

and not only listening but also making a lot of money 30,000 40,000 50,000 teenagers yeah I'm I'm floored flabbergasted so it's not an age thing it It's a desire thing and education thing and execution thing following through was sticking with it. The easiest time out. And not that wavering on your commitments. Did you think you could, you know, when you were going to start making two million here, did you think you're going to make you and she and I are going to make two million here when your life, all of a sudden, right now, like the kind of life you're living and the house you're living, the roles parked outside, the kids going to the schools, having to love.

Big shot, big shot in the dark. I'm going to be a million there one day, without saying, okay, what's the strategy? Then once you gave me strategy, then it's just a matter of time. That's the cool part about this. You can just walk your way into, an income goal based on time, effort,

and sticking with it. The biggest thing I see in just what you just mentioned, people just wavering once they face conflict, okay, that's not what I really wanted. And then we do something else. Oh, that's not what I really wanted me to do something. It's I've never seen the book outweeting the devil. It's called it being a drifter. They drift from here. They drift from here. They never accomplished nothing. Look back in their own entire life. I said, man, I get regret. But in the meantime, I've been, you know, trolling people online and dogging people out online,

but really never accomplished anything myself versus stand focused on number two, three and four. You know, you should be focusing on, or instead of focusing on number one, you should be focusing on your game and getting better and improving. And that's exactly what you and she and I have done continuously, which is pretty insane to see that happen.

And anyways, Jack Hossow just gave $50. I said, Trump didn't win. Didn't focus on the Democratic voters. Big mistake. If he did spend the time to speak to them, he very well would still be president. Next Republican candidate needs to speak to the Democratic audience to secure wins. But David 2024, I agree with Jack on both sides. They need to speak to the other side.

In 2024, somebody needs to be able to do that. Jack, I would have the conversation about running, but I was born in Iran. I think it's very important for people to realize. I will make a great advisor, and I, you know, all the other stuff, but one day, if somebody like you wants to run, somebody like Matt wants to run, somebody like a guy in Bakersfield.

What's his name? I forget his name. That's it. My boy is a geek. You're a Twenth. Yeah, he owes me a thousand bucks. I'm calling him out. That's it really.

Still ducking me. Get out of here. Ricky Aguilar. No, I'm calling you out. He pays his debt. No, he doesn't. Get out of here. Every time I texted me,

he's like, no phone number. Who's this? I'm like, come on Ricky. Don't make me a cancel culture, you bro. But let me just say one thing. Sure. And this is a kudos right here because you said something very powerful that I actually fully agree with. And I'm sure Matt will as well. You said, don't, if I had the choice of picking my field or the person to run with, the person to run with versus a field, I'm gonna take the person to run.

Let's use you as a case example. How long did you do insurance before you met Pat? Yeah, 14 years. 14 years and you did okay. You maybe made six figures here and there. 350, okay. All right, you met Pat, something changed. Completely, right?

So it was the person you were running with. You were still doing insurance. but it was a vision. It was a purpose. It was a passion. There was a system. It was the person you were running with. You know, for me, I was living in South Beach. I was running around doing whatever, hanging with who, whatever, whatever. I had to get out of my comfort zone and said, dude, the people that I'm hanging with in South Beach are not gonna get me to the next level I need to get to and I moved to Frickin' Boca when I was 26 years old and started running with adults. Guys who were in their mid 30s,

started to have families, kids, my buddy Mark, who's my business partner now. I was his junior associate cold collar, just minimum wage guy that he taught me the ropes. I had to have some humility and say, look, this guy's killing it. I need to shut the F up and just listen from this guy.

He's ultimate salesman and now, you know, years later, 15 years later, our firm is great. It's awesome, but I had to have the humility to say, look, I'm 26 dude, I don't know everything. You know, I might get cool points for being in the club, but not in the business world. So it's very powerful what Pat said. So for the young people out there,

it's not about your passion. It's about getting focused on a career decision and a career move. Running mates. Running mates, they can take you to the next level. And I mean, I'll even use my case example for myself. I was doing my own little show, SalisTalk's Money on Social Media.

I didn't have a clear direction of where I wanted to go aligning myself with PBD and value-taming. Woo-hoo! Like you know exactly where you're going and running mates are so key. So for young people out there. 20 million views, think about it. You've had 20 million eyeballs since you joined by.

Wow. That's insane. That's crazy. 20 million eyeballs. How often when you go out, people stop you, okay, you're so boy, hey, all the time. They're so boy, Mafia. Yeah. But the point I'm trying to make to you is, the point I'm trying to make to you is find the right running mate. Correct. The team get into that team. The right team can change your life. Then you can finance your passion. Correct. If it's movies, you'll fund your movie. If it's motorcycles, you'll fund your bikes.

If it's collectibles, you'll fund it. If it's anything, you'll fund it, but get in the right circle and running mix. Totally. Do you have a few markers you wanna share to make sure you're picking the right team, the right person? To me, characters have to, characters have to be at the top,

as in principles, because, you know, I can also tell you, when I was 21 years old, I got be at the top, as in principles, because I can also tell you, when I was 21 years old, I got out of the army and I was temper was high, and I had respect in the streets because I had a little bit of a reputation. So a guy from Colombia, a guy from Bally's who introduced me to a guy from Colombia

who was one of the biggest dealers in California, and he was selling stuff from Colombia. And you know what they sell from Colombia? A coffee. High end websites, right? High end websites. Coffee and websites. Yeah, of course.

So him and I meet, he says, hey, you know, we need to go for a job tonight. And if you do this, we'll pay, you know, such and such money was a good amount, cash. And I'm like, okay, what do we need to do? So we went to Marina Del Rey, and we went to one of the yachts, collected some money, it was $100,000,

and it was, you know, a nose candy mountain on the table sitting there, and we left. He says 4K every week, okay, I would have made money, but I was six to 12 months away from going to jail. You would have never heard about Patrick, but maybe. So the running mates need to also be Solid values and principles and character. You cannot compromise that part That's also the fastest way to ruin your life

And you will get a sense if it's the right crowd or the wrong crowd You will get a sense you will know you're not a dummy. We know When we're in a place where like, oh, I'm having a little too much fun fix this going a little too fast And I don't know if long term I admire that I want to be that man one day or that know when we're in a place where like, ooh, I'm having a little too much fun. Fix this going a little too fast. And I don't know if long term I admire that I want to be that man one day or that woman one day. It's fun for the moment. But long term. And what's crazy is we know at a young age.

Yeah. You know at a young age like you know at eight years old. It's not even like you learned this at 22 years old. You know, like, ah, it's a little too dangerous here. What I'm doing with these guys, you know, this could lead me to, you know, like, ah, it's a little too dangerous, you're what I'm doing with these guys, you know, this could lead me to, you know, some trouble. So, yeah, I think you got to also find that part and, you know, it's almost like you're a girlfriend that you will show publicly, where you're going to bring to your parents and, hey, mom, look at this girl, I just met or look at this guy, I just met. There's got to be something where you're proud to show them to

your parents, okay, you're proud to show your running mates to your parents saying, hey, these are the guys I'm in business with. To sure. If you can do that, then guess what? You got something you can bank on. And if you find something like that, rule of thumb. Don't screw it up.

Don't screw it up. Be a valuable asset to that group. So you're also contributing. Okay, if you're watching this so far, you're enjoying the podcast with our guest today, Matt, money smart guy, Sao Paulo, seven finger squad, press that subscribe button and put the thumbs up if you're liking the dialogue and the direction we're going right now. So we got a lot of different topics guys that we got going about it. If you have any questions, I looked at the

questions, I looked at the questions, we had somebody asked about China's GDP to 300%, we had a guy that asked about, let me, Yimi Merino said, what do you think about the president of El Salvador, how he is impacting the country and the rest of Central and South America, that media hate, that a third party winning that was unheard of over five years ago.

And I gotta tell you, you're right. And there are a lot of people, good El Salvadorian friends, and my matter of fact, last night, we were listening to Salvadorian song, where the famous song where he says what, a, a barber won the lottery, right? Who sings it? The wig person. Yeah, last night we were listening to this. What was the singer's name? Can you, uh, Hector something? Um, Hector del Toro is on the show. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no So I think it's great seeing that, Yemi, Marino,

and I'd like to see more of that. By the way, if you have a question, go on Twitter, hashtag PVD podcast, post your question. We are looking at the questions that are being put up there. Okay, so where do we want to go next? Is there anything here, Adam or Matt, that you have strong opinions on, that you want to go to? I got 50 topics here that I can go on. Is there any one of them that you have strong opinions on that you want to go to I got 50 topics here that I can go on

Is there any one of them that you have strong opinion on that you want to go on Beijing asks Alibaba to shed media assets Conor regret reported doubles as net worth with proper 12 sale, okay? AMC stock source 29% after their planning on opening locations in California 31% of young adults Relocated during COVID, but they aren't given up on cities altogether. Elon Musk new title, Netflix most Academy award winning nominations, Toys R Us is looking at coming back. Stripe is officially the most valuable U.S. startup.

Blackstone, $6 billion buying the hotel extended state. Bitcoin is talking about coming up with ATMs. Banks are about to have killer profit here because of what's happened in prediction of Bitcoin $5 trillion that spacks any direction you want to go. ATMs banks are about to have killer profit here because of what's happening prediction of Bitcoin than five trillion dollars That spacks Any direction you want to I got a top three. Tell me good either we go all in on China We talk about your boy Conor McGregor. I know you have very strong feelings on Conor or we can talk about what young people are doing

And we're there moving which one do what do you think what do you let's talk about Conor McGregor? Let's talk about Conor McGregor go to you think? Let's talk about Conor McGregor. Let's talk about Conor McGregor. Go to page three, let's do it. Conor McGregor lost his last fight. Proper 12. According to report, Conor McGregor double his net worth with his recent proper 12 Irish whiskey sale was announced earlier this week

that Mexican beverage company Bessla exercise a call option to car 51% stake in I re born spirits the name behind proper number 12 Irish whiskey The sale was reported 122 million pounds Which is roughly 155 million US dollars and effectively pushed Conor's net worth to over 300 million dollars Okay, by the way question. Yep. Good timing on the sale great timing on the sale Because he is starting to decline. The moment you start losing as a fighter, you start losing a platform. You don't have a platform or your platform is not as strong.

Then you are whatever endorsements are brands. Michael Jordan said in the last dance documentary, he said, the greatest endorsement that I could ever draw on and or if it build was what I did in the court. Right. If that starts to decrease in performance, then your endorsements and your other opportunities start to decrease too as well. My opinion. Yeah, I mean, you, I'm just gonna,

I'm gonna double back a month ago, whenever that fight was versus, I couldn't even tell you the guy he lost to his name at this point. What was his name? Oh, that's my point. Is that right? Portier.

Okay, cool. Yeah. In no way, shape or form was that guy, a superstar, a mega star, he had, he shouldn't have been, Connor should have won that fight. And Connor and Kabib should have been going at it, right? How heated were you when Connor lost? You were like, I was furious.

And not even because you're a Connor fan, because you want to see competition at the highest level. You wanted to see him fight exactly. And you were like, so did, like, you were like, all right, everybody get the hell out of my house. I am like, I'm done with this frickin' fight. We've watched every frickin' fight.

We were just fighting, the, you know, the light weights, this, that, we stayed up all night, ready to watch this fight at frickin' midnight. Connor. That's right, East Coast, you have to stay up till midnight. Yeah, Connor goes out there and he's catching thenight. Connor. That's right, he's coach, you have to stay up till midnight. Yeah, Connor goes out there and he's catching the guys' leg and he's catching the guys' legs, kicking them, kicking them.

Boom, gets knocked out. And you were so fricking pissed because you knew the potential of what you found the line. You stole what the world wanted. Exactly. So when you talk about- Do you remember what I said? Do you remember what I said?

I said he doesn't realize what he just did. Yeah. We almost need to show that clip when we make this short clip and combine that Mario. Have the editor put that part on what was said about counter because we talked about it in one the podcast. Wow. You know what I said? I said he doesn't realize proper 12th valuation just went down. Yeah, wow. 100%. And this is why you, the sub-ball is credit. Timing is huge here because you lose one more fight. You lose your next fight. That might be another $100 million you lose.

By the way, here's a question for you. Here's a question for you. Let me ask you crazy question right now. You ready? What did he sell it for? $155 million. What's his net worth? $300 million.

I got a crazy question for you. Say he beats Portia. Oh, yep. Does he sell today? No. Hell no. Watch this. He beats Portia.

They know why it comes back to you. And I just had a call with Cabip. Yep. Fight is set up Cinco de Mayo. Yep. Okay. Fight is set up Cinco. Right.

Because he's calling out all the boxers. Take care of it. He says fight is set up Cinco de Mayo Cabip against whatever, you know Conner and say it's not even Cinco de Mayo He picks a different time, but it's gonna be in Russia, but it's gonna be in different place. He calls the fight, okay? and Conner beats Cabip what's proper 12 worth? What's proper 12 worth on a triple what it is whatever he's I think it's bigger than that. It is whatever is I think it's bigger than that

It's really really good. Well, especially if he sponsors the fight on sinko to my with the $billion sale Wow, I think it's a billion dollar sale. I think it's the difference between him being worth 300 million and him being worth a billion Wow, I think that's how that's how that's what that's awesome. Yeah, this is going back to what you said earlier last night Yeah, two more years exactly come on you said earlier. Last night. Yeah. Two more years. Exactly. Come on. Two more fights in their world.

Two more fights. Two more fights. So you keep going. It's crazy. Yesterday we're sitting. I'm like, you know, what's the difference between all these guys that are living in 10, $20 million in the guys that are living in one or two?

So what's that? I said, they convinced themselves to go, say, two more years, five more times. I don't know if that makes sense or not, which is like, I'm gonna go tee it up for two more years. You go two more years, you go two more years, two more years, you're killing it. We're like, ooh, what if I go two more years? Oh my God, I've got two more years.

And then you go two more years, like, oh, I never thought I'd be at this point right now. Business sports, whatever. Oh, dude, I don't know, be at this point right now business sports whatever oh Dude, I don't know it's December 28th and it's business planning time. I'm gonna go what if I'm gonna go You know what two more years Connor needed two more big fights. He would have been a billionaire He was two fights away from being a billionaire. He beats poor D.A. He beats Kavib. He's a billionaire now He's worth 300 million. Don't get me wrong. He's got a great life, okay

Yeah, but but he would have been a guy from having welfare in, you know, what he was doing to, you know, ridiculous motivation for the world, what a, he would have been a billionaire funding whatever the hell he wants to do. What a, because he's also a very smart guy. People don't realize, Conner is a genius. Strategy, a smart cutter.

Conner is brilliant. I don't, marketer. Conner is brilliant. I don't know what the guy's IQ is by the books, but the guy's IQ in the streets is at the highest level. And in this part, it was taking the eye off the ball a little bit, cost the guy 700 million bucks. When you said two more years, two more years, you know, the first person that comes to mind. What's that?

Right, exactly, I was about to say it. I'm just like, Tom Reddys. Two more years. The guy's gonna be 45 years old. Two more years. He keeps saying two more years, two more years. I just want to freaking Super Bowl. I'm going to retire now. Let's go get it again. Can you imagine the guy wins a Super Bowl? Breeze retires. The conversation is officially you're not this not even a conversation, right? So this guy keeps going, keeps going, keeps going, keeps going, keeps

staying to two years, two years, two years. He tires everybody else out. The conversation about who's the goat, dude, it's so over with that people are like, separation. Forget it. He's officially earned the right to say, by the way, his argument is bigger than Jordan's argument. Let me explain.

The separation with Brady is a lot further than Jordan's guy. And I'm a Jordan guy, but the separation with Brady's argument is far ahead of Jordan's argument. Why? Because if Jordan would have gone two more years, he would have ate. And if he wouldn't have taken those two years, he would have gone two more years. And if he would have been, that's 10. Jordan's got 10. No one's saying LeBron, Kobe, Will, Curiem, nothing. It's over. He would have 42,000 career points. He would have been a, you know, just ridiculous statistics. So the two more your, two more of your concept is,

and it's tough because man, you worked $150, $300 million, you live in a sick house, you're having caviar every night, you're eating lobster as if it's freaking, you know, rice and you're, you got the cars, everyone's like, hey, oh my gosh,. And you got the cars, everyone's like, hey, oh my gosh, no, nothing got our restaurant. We don't charge you anything.

How do you get up at that point and drive it and do all this? How do you do that? The last 10 minutes of the last episode of the last dance documentary of him talking about, you know, we didn't even try to come back as a team. We didn't even try, the team got exposed, but this, I mean, he couldn't have rebuilt it

or done something else again. But the look of regret in Jordan's eyes. It didn't mean you tried. Team guy exposed, but this means he couldn't have rebuilt it or done something else again. But the look of regret in Jordan's eyes. It was an eerie look. There's something to be said about longevity and sticking it out because there, you know, five, seven years ago there was a debate who was better, Peyton, Manning, or Tom Brady. Yeah. And at the time, a lot of people would have said Peyton Manning. Back off, over time. Or at least back and forth. Now, the mannings of the world, the breezes of the world, the marinos of the world,

the Montana's, they're not even in the debate anymore. It's longevity. So and he's continued to extend upon it to it. This is impressive. What, by the way, he is creating a lot of enemies because people are like, retire already. I have to sleep next to my wife. And, you know. She'd bring up your name. Yeah, like, hey, did you see babe?

I wouldn't think he's gonna win one more. And you're like, I don't know, babe. I think it's not good to be that narcissistic. So what do you tell your wife? Like your lay next to what do you actually say to kind of give yourself part? Do you say, you know, know honest you think he's happy? You think he's that because to me marriage is more important. I love you more baby no wife's like

Yeah, I know you love more that's like from over here It's like imagine that friendship like your late. Yeah I mean I'm a suck being compared to Brady I'm gonna use your how about a six-year-old son innocent son Hey dad someone in school said Brady's better than you. I love you daddy But why did Brady play five more years more than you did imagine you're like get back to your him Give me that iPad throw the Xbox and it's trash. It's tough You know the one guy that can say I'm better than Brady. There's only one guy

Here we go Eli Manning Gina Toretta twice Eli for good man. Here we go. Eli Manning. Geno Toretta. Twice. Eli for Kim Manning. Geno Toretta. I really I'm Manning. He'd be Brady twice in the Super Bowl.

Well, you know, uh, Brady, he blames everything on the mom. What mom? Eli in the Patent's mom. If it wasn't for Eli and Patent's mom, he would have five more Super bowls. He says that all the time. Oh, yeah, if it wasn't for the mom He would have five more super balls because she gave birth to these kids. Yeah, he screwed the whole thing up

But let's let's circle back. This is a call back by the sports cards question. Yeah, would you buy a Tom Brady rookie card? A long long no problem long it you buy it sit on it for 10 20 years It's good that card going to be a 20 million dollar car than 20 years. So it's undervalid right now. There's no question about it. Brady's car is for 1.3 million. That's not a 1.3 million dollar car. That is, that is a 20 million dollar car. I'm telling you that car is going to sell for 20 million. Watch the next 10 or 20 years. That's a 20 million dollar car. I got two of them, bro. No, you do. I got two of them. Two Brady rookies. One BGS, 9.5 and one PSA 9.

Sa Paola, I got a... Thanks to people here. You use the same checklist. You used for Trump. This, this, this, for Brady. For a second. Because the one thing that I can tell you that he hasn't done is shooting himself on the foot.

He hasn't purposely made himself more problems. But. No, he did at the beginning stages. I mean, he had to mature out of it and just kind of learn because if you look at his interviews, it's always very, it's the most boring interviews you've ever seen your lifetime. You don't, I don't watch Brady interviews, it's boring.

The only one that I like when I watch Brady interview when they say to him, hey, what did you think when you came out? He says, you don't think, interviews, it's boring. The only one that I like when I watch Brady interview, when they say to him, hey, what did you think when you came out? He says, you don't think, watch, I'm gonna prove it to you. Watch, have you seen that early Brady when he's in his early mid 20s? When they read a scouting report, it's the sickest interview.

He's like, watch what I'm gonna do. Watch what I'm gonna do. You're like, whoa! What year in the league did he give that? Four years in the league and he's doing an interview. Oh wow, he already won a super interview. The other interview, he said said who's your hero? And he says my dad's my hero.

And he can't talk and he starts crying within seven seconds. It's a beautiful scene of Brady. But Brady was Brady learned to stay quiet when they did interview. So he learned to not to create any kind of the bell. The bell, the bell at Chex School. You know, you know what's beautiful about Brady? When he still gets upset and frustrated when when a bad play happens and he goes into a super space and says, how could you drop that ball?

You know we practice and he still gets, like the day you stop doing that, is the day you're over it. Like you've lost that level of, hey, you know what we're doing here? How many times have we roleplay this? When the leader doesn't do that anymore, he's like, oh, it doesn't matter as much as they did before.

You know, that doesn't mean you have more blow-ups. I'm not talking on blow-ups, but he's holding expectations high from his people. Sanders dropped early when he started winning too many times. Okay, let's look at this here, where we wanna go next. Do we wanna talk about LA opening up or do you wanna go to China? China.

You wanna do China? Let's go to China. Okay, here we go with China. All right, Beijing asks Alibaba to shit its media assets. China's government has asked Alibaba to dispose of its media assets as officials grow more concerned about the technology giants. Swet over public opinion in the country. Hello, discussions over the matter have been held early. Since early this year after Chinese regulators reviewed a list of media assets owned by Alibaba whose main state businesses online retail officials were appalled at how expansive Alibaba's media interests

have become and asked the company to come up with a plan to substantially curtail its media holdings. Alibaba has throughout the years assembled a formidable portfolio media assets that span print broadcast digital social media and advertising notable holdings include stakes and Twitter like Weibo platform, several popular Chinese digital and print news outlets as well as South China's morning

post, a leading English newspaper, English language newspaper in Hong Kong. Several of these holdings are in US listed companies, such influence is seen as posing serious challenge to the Chinese Communist Party and pair of pair of say the word right there a pair of apparatus apparatus okay so thoughts on China dude I mean they're not even freaking hiding it at this point like it's not even like well I wonder what they're doing

that I mean there's a smoking gun right here they're basically saying there's no free press there's no fucking first amendment here in China there's a smoking gun right here they're basically saying there's no free press there's no fricking first amendment here in china there's no you know free speech they are completely curtailing that they're seeing what's happening you know especially in the social media side of things big tech in the u.s. and they're saying

hell no we are not allowed in that here in china the ccp controls that i think that's a pretty it's pretty funny that they quote unquote asked alibaba to dispose of its media assets and asked the company to come up with a plan to substantially curtail its media holdings. And they were, quote unquote, appalled at how expansive Alibaba's media interests are.

They said, get your ass in the principal's office, sit in the chair, do what the hell I'm gonna have you do, or you're gonna go and end up like Jack Maude or re-education camp and not be seen for a couple of months. I mean, this is the biggest difference. When we talk about China's potentially being the number one economy in the world, and they're gonna surpass United States,

be careful what you wish for, with China leading the way for the rest of the world. It's not a democracy. It's an autocracy. They don't give two F's what the people have to say. So if you're cool with 1.5 billion robots following what Xi Jinping basically decrees, then go have that in China.

But nobody wakes up and says, one of these days, I'm gonna make it to China, and I'm gonna live a better life in China. Hell no, that's still America's place in the planet. So we need to recognize that, I think Bill Marr said something like this. He said something like, there's gotta be something in between,

you know, an authoritarian government that tells everyone what to do and a representative government that can't do anything at all. So an authoritarian government, like in China, will tell you what to do. And, you know, we're fighting between amongst ourselves here in America. We got to do better, but China is not the direction we want to freaking go. And that's a case example right there that they're not even allowing a media, you know, a big time company to quote unquote voice their opinion. This would be like saying Jeff Bezos, because Jack Ma is basically the Jeff Bezos of China.

That's the best analogy. And what publication did Jeff Bezos buy? The Washington Post, right? And he has the freedom to do whatever the hell he wants on the Washington Post. You want to go liberal with it, go liberal with it, bro. You want to get more conservative, go get conservative with it, but do what you want to do.

But not in China, sorry, Jack Ma, sorry, Simon Hugh, sorry, Eric Jing, these people that are running Ant Group and Ali Baba, you're gonna follow our lead or get the hell out of the way and go to your re-education camp. Is this a forecast that was going on in America and they're canceling their media assets, what's going on over here in America,

canceling Twitter accounts, canceling our freedom of speech? You know, every time I reflect back on my military experience, two deployments with the 15 Marine Expeditionary Unit, and every time I travel across the world on these deployments, how much I appreciate America. How much more? America's a great place to be.

We got roads, we got this. Things that we can't, we can say easily here in America. I think a lot of people take for granted because you try the top of stuff in China, you're done. You talked about Jack Ma and the Aurege Education Camp. Where is Jack Ma? There's, you know, where's a lot of characters at? You know, where is Jack Ma? You know, where is Jimmy Hoffa? Where's Jack Ma? And so when you're looking at America, you know, I

That social experiment we talked about a minute ago where coming out of high school Wouldn't this be an amazing type of social experiment that That before going to college, take a chapter out of the Mormon playbook there, serve for two years. Yeah. Serve either the military, do public service, do a non-profit or a two-year, see how much you appreciate the rest of the world, then come back to American talk to me about how much you don't like it over here. My thoughts.

That's powerful to be thinking about that. And both of you guys made a lot of good points, but I will tell you one thing here. Kudos to Bill Mar. A Bill Mar has been pushing the envelope a lot lately. Bill Mar has been saying, hey, don't join this cancel culture. Hey, you liberals out there, and he's a hardcore liberal doesn't believe in God religiously,

the documentary video that he did. He went to religiously. So religiously. So I respect a lot of Bill Mark today. You know, I think the other day I was having a conversation with Gerard Heron, he's a comedian out of New York. And Gerard used to be part of the team. You remember Gerard, G big G.

Oh yeah, okay. Yeah, he was part of the team and, you know, he was talking about, he says, this era eliminates Rodney Dangerfield. It eliminates Tim Allen. It eliminates all the famous sign felt, eliminates a lot of the legendary Republican and independent comedians. You have to be very careful today

because there's an audience of 100 million people that like the conservative comedian, that like that jokes that they make, right? You can't have those comedians today. So why aren't you getting their comedy today, right? Why should they not have the competition today? It's a dangerous place to go, but today more than ever, Bill Maher's are important.

By the way, by the way, there is no Bill Maher without HBO. So you have to give some credence and respect to the fact that HBO has a canceled Bill Maher. It's not like Bill Maher says, diplomatic, politically correct things. Bill Maher goes off to charts and he says some stuff, you've never heard HBO say,

we're gonna cancel Bill Maher, they have stuck to Bill Maher goes off the charts and he says some stuff. You've never heard HBO saying we're going to cancel Bill Maher. They have stock too. Bill Maher. Respect for why do HBO will do hardcore socialists, documentaries and shows? They'll do center. They'll go right. They'll go, I mean, obviously they're a little bit more left than they're on the right, but still, you know, they leave Bill alone. They don't say, you cannot say something like that. And it was her dude. No, no, Bill is Bill Maher, right? I think we need more Bill Mar. We need more John Stewart's today. We need more guys like that that are being vocal because, or else, the next thing we're looking at

is what, a China situation, what they got going on. Climb down. A lot of me to say one thing about Bill Mar. And this is why I mean, I love Bill Mar. You send the thing to me the other day which was phenomenal. I'm trying to ironically enough, you know, change oftentimes happens from the inside out.

Okay, so what do I mean by that? It sometimes takes a Bill Maher who's certainly a liberal to say, hey, whoo crew, hey, cancel culture crew, I'm on your team, but enough's enough here, bro. Like it takes someone who's voted Democrat to say, oh, we really freaking doing this with the taxes. Are we really going socialism to say that on the inside the change we need to do?

So the same apparatus here, use that word, on the Republican side. Democrat saying, well, you guys need to do this and you guys need to change and you need to know. It sometimes takes an Adam Kinzenger or a Liz Cheney or a freaking pens, whoever to say, we need to do better here in the Republican Party. We need to understand that this is why we lost because it's a lot easier to change things from the inside when you're on the team versus sort of throwing stones when you're

the other side of the aisle. So kudos to Bill Mars and guys, look, I'm on your team, but enough's a freaking enough here with the wokeness and the cancel culture here. Let me make a point here. Watch this. Dominic Matich right there. He just commented. Look what he says right there. I want you to read that comment. And I'm going to read it out loud. So I just lost all the respect I had for Pat. Okay. Bill Marx says one good thing in Pat ignores his entire history of what kind of businessman as you, if this is how you think, right?

So, Dominic, you are just as much part of the problem as he is or anybody else's. Why? Because you cannot entertain a good thought by somebody you disagree with. You are the problem. The problem is folks on the right who cannot give credit to a comment

made by the left that makes sense and folks on the left that cannot give credit to somebody on the right that makes sense. That is exactly why we are what we are right now. You have officially joined the crowd of you know everything and everybody else is an idiot. Everybody else is not an idiot. They have a reason why they got to the point that they got.

That's exactly what we don't need more of, but unfortunately we have. And Dominic is probably a guy where he and I probably agree on 90% of things. Okay. All I'm saying is I would much rather have what he's doing than what a camel is doing. Look what camel is doing. A hundred percent of what camel says is taking shots at anybody that is not part of his political part. Correct. Look what Fallmel is doing. A hundred percent of what Kimmel says is taking shots at anybody that is not part of his political party. Like what Fallon is doing.

Fallon is doing whatever the TV show executive producer tells him to say. Steven Colbert. Colbert. Steven Colbert is a true believer. Politically, I don't agree with where he's at, but he actually believes in what he's talking about. Fallon is not as hardcore leftist.

He's not, or I don't know. I don't think he was or they're guys. Because I think, I actually think Fallon has Republican friends. I think Fallon's a Democrat, but I think he's got Republican friends. So he's kind of respected. He doesn't like controversy.

He's my take on him. He doesn't want to. But we need more people like Amar. We need more people like a Shapiro. We need more people like a steward. We need more people like that that are challenging both sides and we live on the loan. We need more Bill Burz. Bill Burr gets up there and he says, oh my gosh, I can't believe he said we need more shiples. We need more signfills. We need more like, you know, we need more of a George Carlin. We need more of that today. Carlin's a conservative. Carlin would have been crushed today. Carlin

would have been canceled 50 million times today. We need more Rogan. We need more, like, we need that. So one moment, you're like, what where is he? What is that? We need more of that because they're processing. They're trying to get better and smarter, right? Versus, boom. I'm already in a box. Are you talking about entertainers? Not entertainers. That people that bring up issues makes you think and for the rest of the day you have this course and conversation.

Of course they envelope. They make you think. Yeah. I'll give you a case example. I'm no Fox News fan. I'm not even a Tucker Carlson fan, but I watch Tucker. And there's certain things I'm like, he's sort of like a pompous prick, but damn, he made a good point right there. Like, I gotta give him credit for that.

I think Ben Shapiro reminds me of a lot of kids that I went, I mean, a lot smarter, but a lot of kids, Jewish kids that I grew up with, and Miami, and I don't necessarily agree with everything that Ben Shapiro says, but damn, he has a good point right there. Damn, maybe that whaps stuff was a little too much and he's got a point right there on the card. Like damn, rather than no, I'm a Democrat

and I would never listen to what I would say. I would never listen to like dude. And at the same time, I'm so necessary. Like our friend that we just talked about right here, how could you listen to Bill Marpat? He's not on your team. Yeah. What are you thinking? Yeah, bro? Shut you know the way I get my arguments is by constantly reading my posing arguments That's how I get better. Exactly. That's that's I spend more time reading a posing arguments

And I read arguments of people that are on your side. Yeah, because you're you're kind of seen. Okay. Oh, I see the leak there Okay, well, what about this and then I don't know, one of me go research. Well what about this? And I don't know, like, I'm gonna see this. So like right now, you know, one of the things, a guy went on Twitter, let me just read his name, so I can give him proper respect. BeniNess, okay. BeniNess just said,

oh, no, no, no, no, no, no, no, no, no, no, no, no, no. Okay, BeniNess said, okay, bye, well good question, also Carlos Morales. Hingtad, I'll come to it. He says, if passion isn't required, then how does one become successful if there's no passion? I'll come back to you. I'll come back to you and I'll answer that question.

But he said, what is your thoughts on the new crypto, brand new crypto cards? We're back, we lost about a thousand people that were with us, but for those of you guys that are still with us. Please share, please share. More power to you, we're back, we're back, we're back. Okay, let me get back to the point.

I want to give a shout out to the 1700 who stayed yeah, they said look These guys are doing their thing today. We got Sapo on packs of rolling. Yeah, we're not dropping. Yeah, we wait five freaking minutes We'll come back. Yeah, even so boy made of your points today. Jen says we see you. Okay, babe That's good as long as you see me. It's good to go. Okay So so going back to the point about the NFT, right? Card NFTs, and the point I was trying to make, can you think about the last FAD that went away

was explosive and it went away and we forgot about it? Last FAD. Last FAD. Like financial FAD or fashion FAD? Financial FAD, any kind of FAD that came and left. Like the starter jackets that Matt likes to ride? Okay, but give me a fad that came and left. Okay, think about financial fad or any fad.

It was explosive and then left us. AOL. Okay. Insumessing. I think that's technology but fine. What are my jeans? Baggy jeans. Like I'm talking about DKVR jeans.

Is there we going with that? Just think about it. Give me a fat that came and left. Okay, came and left. Fats. If you're watching this, do you remember Fats that came and left?

Okay, came and left. Mario, go to the fat side. I just sent you because I want to make a point to you. Okay, so here's the Fats in the last good of you gallery. 40 Fats. Oh, I got something because I got to you. Okay. So here's the fans in the last go to view gallery. 40 fans. Oh, I got something. Because Eric wore it the other day.

What's that? He wore a fliction. What's a fliction? A fliction? Oh my God. A fliction t-shirts. A fliction. It was the biggest thing in the other.

Okay. A fliction. Yeah. He wore it the other day. I was like, bro, what are you living in? What? He had a haircut the other day. I think him and Paul went to the same barber.

But that's a... Eric Galera. Okay, go to the fat hackie sack 1980s. Yeah, once the last time you saw hackie saugar you kids playing with hackie that happy a happy party garbage pill kids. I don't even remember. I don't know my card. Okay, 1980s wrestling. Oh, you can't forget. I don't think it's a fat jelly shoes.

Adam, you have jelly shoes. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no no no the Bronx no Bell Okay, it's smurfs are smurfs a fat or do people still collect smurfs? I don't know about the summer. Okay, keep going 80s. Oh remember these things. I remember these things. Okay, going I mean like tight tight tight Care bears okay there's there is a favorite is it still here or no? It is an organization Keep going Rubik's cube is it still is it a fat or is it still here? I think it's still here. Okay, keep going. Keep going.

Boom for sure to go. Get back. Okay, keep going. But not how much music, how much music is here to stay? Cabbage, by the way, go back to Boombox Sam. Order a nice Boombox for us. Order one of those 80s Boombox. Keep going.

Yeah. Cabbage, Matt's kid. Patch kids. Is it a, is it a fat or is it still here? Cabbage. Cabbage, got it. Got it. Got it. Furby. Just keep going. God, okay, keep going.

Is that Gizmo? Fanny Pat. It's not how it's still here. It's bad. You were considering buying a Merce. I would buy, I would buy a cross, there's a name for it. It's called the cross, cross, what's called cross,

there's a name for it. If you put, if you put, I trust your body. No, there's a name for it. A Merce, a man purse. purse the fan it was for a CD player Where you would put your walkman yellow headphones fear Sony Walkman. That's a fan. Are those? Fanny water proof Sony Walkman Crossbody crossbody keep going overalls fan gone by the way you ever wear a dog

Of course I have to fans Ever wear it I have to I If you think about it, how about Pogs anybody members Pogs I remember Pogs high school right but ones that last time you saw Pogs push Pops number push Pops Okay, keep going polypocket I can see I'm a polypocket

Temporary tattoos no everyone's doing the real ones on their face. Okay, that's a good point spice girls A couple of them are still in fashion. Yeah, jinko jeans Marry you have jinko jeans who you reward jinko jeans anybody ever did you wear jinko? Hell yeah, okay baggy jeans on the planet long the jinko jeans last a Wait, Mario, did you ever have Jinco jeans? Who year were Jinco jeans? Anybody ever? Did you wear Jinco jeans? Oh hell yeah. The baguettes jeans on the planet. How long did Jinco jeans last? A solid five years. A solid five years.

Like 95 to 2000. If you wear Jinco jeans right now, what will people say? Bro, get what you wear. I'm hiding a shotgun in your pants. Keep going. Keep going. Butterfly clips. Mario always the world, though.

I've got daughters, so it's still in. Still in? Really? Okay, keep going. Keep going. Live strong. Well, I mean, this, this was a definitely for different reasons. Yeah. Big time. Keep going. Okay. Energy drinks. Well, Mara between Pat Paul and Mario, they keep them in business. I think energy drinks are still around. I don't think it's a fact. Flashmops. That was a fat. We don't want to be. Yeah. So flashmops. Are you still seeing flashmops happening? a fat we the one in Vegas yeah flashmops are you still

seeing flashmops happening okay keep going what else we got high school musical not in Zac Efron left okay keep going more you keep going my face fat friend's hardcore fat digital cameras and Lindsay Lohan fat wow shout out to the Mean Girls out there. Von Dutch, this is very affliction-esque. Von Dutch. Paraseltings are flat. You said she is.

You said she is. Once, once season. Razor scooters. Do you still see those? I just can't do it. Do you still have those? Okay, so we see the Bratz dolls. No, I don't know.

These things I never liked. It's kind of like, you know, what are you trying to parole here to young girls, you know? Oh, I see what you're saying, okay? And over-site sunglasses, fat or still people doing it? No, Kim K, those are gone. Chronoots.

Dude, what? Chronoots? Like a croissant donut? What's a cronot? I guess that's what it is, croquet. Oh, remember, Coney, this thing glasses for 90 days. I don't know if you remember this.

Do you know why it stopped, though? Do you know why it stopped?? Do you know why it stopped? Do you know the story or no? We'll go research it for yourself. So this guy got caught doing something in the street and the cops caught him. Gotcha. And it's a pretty extra curricular activity

that young boys do a lot of. So 2010, flower crowns, okay? Keep going. Myers gets a very close. Harlem Shake Dance, remember that? Of course. LeBron and Chris Bosch andimb Harlem shake dance. Remember that? Of course. La Branne and the Chris Bosch and all those guys are one of the best ones. We've got a viral video on our own.

Bigoted spinners. I still got them. You still got them. Okay, keep going. Shuttle shade for sure, Fed. Go next. Internet challenges. Still a Fed.

Still going or still going or no more? We got a bus at challenge. Okay, got to keep going. Dress debate. What does it dress debate? Pokemon still going. Still keep going. Yeah. Tiny sunglasses. Okay. I don't know about it. Our friend Marcelo still rocks. So here's the question. Here's a question. A real question. Once the last time we had a financial investment fat, when is the last time we had a financial investment fat, Bitcoin, is it a fat or is it

here to stay? I think it's here to stay. Okay, give me, give me, so the tech boom of the late 90s was there anything with a dot com at the end of the body. A guy sold a, an NFT, a digital picture for 69 million dollars. Crazy. Okay. And you know where you store it in your phone. I can phone. You can't put it up and show to people. You can't say, oh, on this wall here, let me show you. Here's what's supposed to be there. You don't see this just a white wall,

but let me tell you what's really there because it's digital. You just don't see it. But I want you to appreciate the digital thing that you cannot see. Yeah. So, is it a fan or is it here to stay? Are NFT or are crypto blockchain cards, videos,

highlights of LeBron NFTs. Are they here to stay? I think they're here to stay mainly because there is a way for the artist in the detainer or the creator of it to still monetize through royalties. I still, I think it's here to stay. I think it's going to revolutionize that income source for something that digital music and digital entertainment took away. I think it's here to's okay fair enough. Adam, what would you say? I think anything with the word digital in it is pretty much not going anywhere.

Okay, right. So your saying NFTs are here to stay? I think something that you always talk about is your Picasso story, about the guy you went in, and got the picture with the Picasso, and then he fabricated it, and then, oh, look at it, the last Picasso, and this, youated it, and then I look at it as a last Picasso, and this, you know, enables that not to happen. Yeah. But also part of art and part of baseball cards,

is look at this, it's on the wall, check it out. It's take a look, guys. Feel my card, this is like, what do you, pull up my phone and... Go to realtor.com, go to realtor.com. Here we go. Go to realtor.com, go to Booker Raton, filter five miles, go value

five to ten million dollars. Okay, tap in Booker Raton, I'm going to show you something. So, homes, today, you go see them. What's the typical style homes you see today? Today, like newly built homes, modern, more mediterranean or more modern. So if you go to a price, just go to price, then go put five million and up Go five million and up. I've been for twenty four hours. Put on the man. Just put five and keep putting zeros Six zero. Yeah, one more. Okay, there you go. Just search Okay, that's okay. End up so go any press enter click any price so I call bulk of red tone the land we can just spend stupid money So so then go to go to the first one go own the land we can just spend stupid money. So, so then go to, go to the first one,

go to the first one at the top. Look at these house. Get his grace. Click on that. Go inside of it. Oh, Mario, we just looked at this house. It's crazy. Okay, that's exactly the house.

Okay, this house was built one. Mario, you and I just looked at this house last week. Okay, this house was built one, 2001, right? Click on the image to get bigger. Now let's go inside the house. Keep going. I like how you the V8 loans zero down more you better go buy this thing let's go inside the house let's go inside the house Mario go inside the Mario inside the house bro okay watch this see those pillars

those pillars that's oh one that's not today who's really that's oh one you don't see pillars today like that those pillars the four pillars that's oh one look at Those pillars, the four pillars. That's 0-1. Look at those pillars. Look at the floor. It's beautiful. It's timeless. But it's 0-1. Keep going. Keep going. Like this. You don't see a lot of this today. Keep going. Okay, go back up. Go back up. Elevator. Go back up. Not that much, Mari, just two back up, buddy. Just two. Okay. Go back down to where we were out with the image. Oh my god. Go keep going down. Go to the sink.

The green sink. You're three away. Perfectly. Right there. That's all. You don't see that today. Okay, that color stone is what we're talking about. The sink, where you wash your hands, yeah, you do see that.

But maybe not that color today. You see the mirror, you don't see that mirror today. Go up a little bit. You don't see that mirror today. Go lower to the wine cellar. You don't necessarily see the bricks like that today. You do, but not all the time. Okay.

So Mediterranean homes are a fad to people today. Today it's more modern. So if you're back in01, that was a fad. So that's a fad. Now the kitchen they upgraded, look at that. That's an old kitchen. That's not an old one kitchen. I can guarantee that was built in the last 12 months

to increase the value of the house. Look how modern that looks. It was a gorgeous kitchen. Look at that. They spent a quarter million dollars in that kitchen. One thing I don't like about it is the kitchen, as you're cooking, you're facing the wall. I like having a kitchen, you're facing everybody.

I agree with you. I agree with you. But the point is, this a fat fashion fats investment fats Some people that Bitcoin was a fat, but it's here today and it's not just here today It ain't going away. Okay, it's popping and they just made a prediction saying this one guy made a prediction saying by 2023 Bitcoin's are gonna be what five trillion dollars and by 2030 market cap 2030 is predicting it's gonna be 20 trillion dollars Today it's about $1.2 trillion. So that means it's gonna 4x and a next two years,

and it's gonna roughly 9x and a next 10 years, nine years, right? Bitcoin's not going away. Are digital cards gonna go away? No, now we're how old at this table? Everybody starts at the number four, right? Starts with the number four. 40, suppose 42, you're 42 two forty five each and backwards so but you

come to a house I want to see a nice painting on the wall I like that this does Dylan like the paintings in the one your house not so much come on Dylan Dylan does not like this house why do you hate this house? Why is there so many naked pain? Oh limit It isn't aggressive amount of naked ladies on your wall love say you painted life size to listen I obviously can't invite my pastor to my second. We have a Bible study at the house You know come on dude in the backyard. We're not gonna. Don't come in Anyways, hey to the folks that what was your point with the NFTs?

The point I'm trying to make is I don't think it's a fat. I think it's huge to stay. I don't think it's a fat. I think people have to respect it and have to understand that there's going to be a lot of money being made with NFTs. I like to hold the card. I just got a one-soto. I just showed you the black label.

I like to hold Roots card that I have. That, you know, I like to hold Roots Chamberlain's rookie card. Showed Demagia's rookie card. Ted Williams, I like to hold Roots card that I have. That, you know, I like to hold Wil Chamberlain's rookie card, Joe Damaggio's rookie card, Ted Williams, I like to hold these cards. Zion Williamson, three out of five, you know, national treasures. I like to hold that card.

One, yeah, I like that. But there's not a major difference in holding the card and holding your phone with a card. No, it's a difference. It's the same. So, maybe what's the smart money though? Okay, you're talking about a $69 million NFT. If I'm a typical guy watching this right now, what's the smart money there? What's the smart money play? The money smart play. Oh, you just have to know it's don't get don't get emotionally tied to investments

Don't don't get emotionally tied to investments You know be logical when it's coming to investments. Like, whether you agree with it or not, it's not going away. It's here to stay. By the way, I'm gonna answer this last question. I promised I was gonna answer it before we wrap up the podcast. Is, we got the dream team coming up here in a minute,

so we gotta wrap up. But I wanna answer this last question here. We had Carlos Morales. By the way, if you got questions, go to Twitter, hashtag, pbdpodcast, ask your questions. We're about to wrap up right now. But he asked this question.

He said, Pat, if passion isn't required, then how does one become more successful if there's no passion? You love baseball cards, yes. But how did you start PHP agency in order to be successful? Here's me and my phone account trying to communicate with you. Okay, Carlos, let me explain my response to you about finance your passion, but run with the right running mates.

My passion behind PHP agency was in 2003 when I had a meeting with a man named George Will. George Will got up on stage and he talked about the power of how lawyers are ruining America. He told a story about a lawyer that sued a fish hook company because a kid swallowed the fish hook and died from it and the lawyer sued the fish hook company. He put them out of business. They said there was no warning sign under. Can you imagine a lawyer put a business out because they didn't put a warning sign

on a fish hook? You need to know that you don't need to swallow this thing It's gonna kill you lawyer was able to put them out of business I sat around I said that doesn't make any sense to me then he said have you noticed how obesity is going up And he started giving statistic and he showed the statistic about how obesity Correlates with the number of parks that are being shut down by cities. Why are they being shut down by cities because Lawyers are sitting by parks. Why are they being shut down by cities? Because lawyers are sitting by parks, and kids are going down the slide. They're dropping, breaking their arm.

The lawyers going to the city, soon them for millions and dollars that the city doesn't have. And the city finally says, shut these damn parks down. It's costing us millions of dollars to pay lawsuits. So kids are no longer going to parks to play. And I said, lawyers are ruined in America.

That does make sense. And then him and I met and a friend of mine, advisor Ron Bill said, I want you to meet this man and I met him. And he says, Patrick's looking for passion. At this point of my life, I'm doing okay with my life.

I'm making, you know, $400,000 a year income. I'm on top of the world. I'm about to get to seven figures. I'm, you know, driving nice cars. I have my girlfriends soon to be wife. Everything's going the right way, but I'm about to get to seven figures, I'm driving nice cars, I have my girlfriend soon to be wife, everything's going the right way, but I'm furious because my belly said, I feel like I'm put on this planet to do something bigger with my life.

All I was looking for was my next big purpose, not leaving the industry, purpose. I heard that message, George said to me, why don't you go study why immigrants come to America? It's all he had to do, okay? I left Carlos. All I did is I study why immigrants come to America like my family.

Why do we come here? And I realized what Iran did an offer. I realized the freedoms I didn't have. I became passionate about capitalism. I became passionate about entrepreneurship. That became my passion. I loved selling insurance because when I delivered one policy, death benefit, and I saw the reaction on a family,

I'm like, wow, I got in thinking it was money. After a policy being delivered, I realized the impact we make in people's lives. They go from, oh my gosh, another insurance guy to Patrick, thank you so much for selling us a half a million dollar policy. We just, you know, we just happened to us in Hawaii. We lost two of our most amazing people. One is a guy named Angela Ruiz, who good looking,

he looked like he belonged in Hollywood, just a full of energy, everybody loved this guy. And Sebastian Vargas, right? Sebastian Vargas, who just had a set of twins, him and Leila. Love these guys. Sebastian, like my younger son, I mean, I've been working, anyways, So what happens to them? Something happens to them. They go by the, you know, certain accident happens.

They fall. It's a tragic story was all over the place in Maui. You know, one had a $350,000 policy. The other one got a couple million dollars of insurance policy that's going through right now the process. You know, of course we can't replace the family. Of course we can't replace the loss of them, but that experience now allowed the parents and the wife to mourn until they can go about their business and those kids have money set aside for college. We didn't have to go out and rely on the government. Life insurance, I fell on that with the industry, but the passion was capitalism, the passion is collection,

the passion is other things. I benefited from the right running mates. I benefited from being in the right environment. I benefited from that, working with people that were sitting there saying, hey, how about if we do this, how about if I benefited from that? And then I ran and did my own thing and I had a vision, right? So the point I'm trying to make to when you're listening to this, there is nothing more powerful

than the right running mates. Nothing more powerful than the right running mates. There was a quote I read 19 years ago. It's that sometimes on to, on a way to a dream, you get lost and find a bigger one. Sometimes on a way to a dream, you get lost and find a better one. I work with a guy named Cisco, change my life.

Drill Sergeant Green, phenomenal guy to be in business with. I learn from Jamie, I learn from a guy named John, I learn from a guy named Jeff, a guy named Rich, a man named Greg, I learn from this, I learn from a guy named Brian, I learn from all these guys, I'm learning, I'm going, learning, learning, learning, and then all of a sudden I'm like, okay My vision is this if that vision is not being then I got to go and then we went and played ball Then capitalism got into the heart and then there was too many controls with the company Then I said I got to make my own move But the point is passion was capitalism the impact was insurance and then later on was now Let's put a killer team together everything I do when I wake up in the morning is the team

Everything is about the right team. Now it's about us finding the right team. And the right team allows you to finance anything you want to finance in your life. Anything. I guarantee you Carlos, you find the right running mates that you're around and your guy that's a worker and improves five to 10 years from now.

I whispered something to Mario, the other day I said, Mario, do you realize within the next 20 years you're gonna be worth XYZ? He's looking at me saying, you're serious, that's 100%. I said, the only thing can do right now screw this thing up. That's all there's to it.

You're in the right environment. Mario's rolodex with who tax him and calls him. If you saw Mario who he taxed and calls, you would think Mario's either a secret service agent. You would think he's a parole officer. I was kidding. Some other people. You would think Mario's either a secret service agent, you would think he's a parole officer. Right. Some other people. You would think Mario is working for the DEA, maybe the CIA, potentially connected.

You would say that's a pretty legit, how did that happen? Right relationships, right environment, right running mates. So you find the right running mates, betting your life's going to change here very soon. And if you want to collect butterflies, you can, if very soon. And if you wanna collect butterflies, you can. If your passion is water bottles from the 70s, you can. If your passion is collecting Elvis Presley's guitars, you can. If your passion is collecting, you know,

original 4T model, whatever you can. If that's your passion, you can. If your passion is racing cars, you can. But you have to fund it by running with the right people at the right time to make that kind of money. Anyways, good podcast today. We lost a few hundred people that were with us, but the guys that came back, hey,

if you enjoyed today's podcast, we won many different ranges today. We may have come up with an idea that could save the state of California. We don't know what we're doing. We may have found something good. Tax, TTT tax the tourist. It's good. We may have found something good. Taurus. TTT, TX, the Taurus.

It's a follow-up. Thanks for visiting Florida. We're going to need 5% out of you. No problem. You're all going to pay for it. You're all going to pay for it. Just so you know. Of course you did.

Of course you did. Okay, Gank, I don't know if we're doing it this week. Right? We're not doing it this week because we have board meetings. And remember, I said, if we get to 100,000 We will figure out a way to make a stronger talent before this we are 48,300 subs away So if you haven't yet subscribed to this please do so. So Paul I know you have like a Sign out that you usually do whenever you're done doing your episodes. Maybe that's something you want to grace

Yeah, I think I think you do it. I never above you. I think you do that one I said this is something that Yeah, no, I think you do it and never above you. I think you do that one. And grab your wand. This is something that Sipalo does and everyone, you know, enjoy it. First time I heard it, I said he's gonna do it forever. Let's do it, Sipalo. All right, beddavid, show. Appreciate to everybody who are watching the show.

I mean, my name is smarty, I'm a half a badger, beddavid, and saucy. You got it, you got it, got it? Here we go. Repeat after me, never above you. Never above you. Never below you. Never below you.

Rob beside you. Take your Jonas as one. Amen. Amen. Never above you. Never above you. Never below you. Never below you. Rob beside you. Thanks for joining us this morning. Amen. Amen. Good bye. Good bye, everybody. Take care.