Digital Social Hour - Dealing with Haters, Homeschooling & Going on Undercover Billionaire | Grant Cardone DSH #313

Episode Date: February 26, 2024

Grant Cardone comes on the podcast to talk about his goals, the importance of home schooling and what it was like going on undercover billionaire. APPLY TO BE ON THE PODCAST: https://forms.gle/qXvENTeurx7Xn8Ci9 BUSINESS INQUIRIES/SPONSORS: [e-mail] SPONSORS: Opus Pro: https://www.opus.pro/?via=DSH Deposyt Payment Processing: https://www.deposyt.com/seankelly Factor: Use code "DSH50" for 50% off your order at https://www.factormeals.com/dsh50 Digital Social Hour works with participants in sponsored media and stays compliant with Federal Communications Commission (FCC) regulations regarding sponsored media. #ad LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

I wrote about this in If You're Not First, You're Last. What can they not do? So we took the biggest giants. Well, one thing they don't do is they don't get money from regular everyday people. They do business with one another. Giants are doing business with giants. We buy assets from them, but we don't partner with them. Wherever you guys are watching this show, I would truly appreciate it if you follow or subscribe.

It helps a lot with the algorithm. It helps us get bigger and better guests, and it helps us grow the team. Truly means a lot. Thank you guys for supporting, and here's the episode. All right. Grant Cardone, guys. Everything comes full circle, man. I was telling you about 10X Growth Conference was my first event ever, so I'd just like to thank you for that, and thanks for coming on, man. Yeah, thank you, man. And thanks for everything, all your growth over the last, what, five or six years? You've just blown up yourself, so well done, man yeah thank you man and thanks for everything all your growth over the last what five or six years you just blown up yourself so yeah man well done man thanks what brings you out to uh vegas uh i am doing a speaking gig what tonight at a dinner somebody paid me this outrageous sum of money to come here and go to dinner with him and um

i was telling jared last night i said you know day, I've told him this for 13 years. One day, some people are going to overpay us. I have this philosophy that most of your life you're underpaid. And if you ever get lucky and just stay with it, one day you'll be overpaid. So tonight is kind of one of those moments where I'm like, this is stupid. I'm going to dinner with a guy. For somebody who's paying me to go to dinner with him, it's ridiculous. Wow. That is awesome, man. So anyway, I'm doing that. dinner with a guy and for, for somebody who's paying me to go to dinner with him. It's ridiculous. Wow. That is awesome. So anyway, I'm doing that. And I wanted to get on your show and, and, uh, talk to your audience and talk to you and spend time with you. And we'll do a couple more of those

today and get as much done as we can. Hell yeah. You've been blowing up, man. I'd love to see it. And, uh, speaking of underpaid, you used to work at McDonald's. Yeah. I was reading your bio and now you're managing a $4.5 billion real estate fund. Yeah. Yeah, dude. I was not a good McDonald's worker either. So I got fired from that job. I got fired from seven jobs in a row. I sold clothes. I lost that job. I was a, um, I worked in a refinery when I was 16, 17 years old, which I remember i had great memories of that job um i worked as a cook on a two weeks on two weeks off offshore boat which was a really hard job and um you were either you we would go out to the the um oil rigs and and provide them with food supplies i got fired from that job uh i had a car i was a car. I got fired from that job.

I was a car salesman and got fired from that job, I don't know, eight times and just didn't leave because I kept wrecking cars. They called me Crash. And I bet you I wrecked, I don't know, eight or nine cars. And they still kept you. Yeah, because what they would do is they would fire me. They'd be like, that's it. I'm hitting on the dealer's daughter.

I got fired for that once. I'm wrecking cars. I wrecked a Fiera. You remember that old red Fiera, Pontiac Fiera? And they're like, enough. We're done with you. And they would fire me. And then what I would do is I'd go sell more cars and they'd keep me on.

So you were always good at sales. No, I was always good at sales no i was actually terrible at sales okay i was a uh me and kevin hart had this conversation because we both sold shoes and i was terrible at it he he claims he was good at him like i don't know how you could you just good because you're so low to the shoe because you're so small um but um i was never good at sales, dude, until I, like, hit a dead end and realized this is the only job I can have. I'd been through seven other jobs. And I'm like, I got to put my head down and learn how to get good at this. And I'm never going to like it if I'm not good at it.

So I made a commitment. And literally within three months, I went from hating it to liking it. And then six months into it, loving it. And then three years later, making a career out of it, a real career. Right. Writing books about it. Absolutely. You know, so that was definitely a full circle.

Yeah. So it sounds like you had a rough childhood, rough upbringing, right? I know you lost your dad at 10. My parents got divorced. I lost my dad at 10 too. Do you think not having that father figure kind of played a role into you? Yeah, well, certainly, man. I'm looking at your avatar right here, man. Good looking dude right there. You know, yeah, definitely. Me and my brother talk about this. Like, you know, would I be who I am today if my dad would have been alive i don't think so you know um who know i'll never know right but i do know that the my my i'm driven to help people out of not having help and if you lost your dad when you were 10 when you're 10 years old and you're a young boy you're you're looking around for a man shout out to another bite hosted by john dick dream monroe ariel boswell and it is on the hubspot network the number one network for business professionals they basically do a recap

of shark tank episodes they cover their favorite episodes they interview entrepreneurs that pitch they give their thoughts their own ideas and even come up with some of their own companies i just listened to an episode and it was from season one of shark tank the ionic ear this guy wanted to surgically implant a device into your brain it was very hilarious check them out wherever you listen to podcasts another bite peace out for a man and i think this is probably consistent with all young boys uh that they're looking around for a male figure, different than their mom can provide. Right. And I'm looking for somebody, and I grew up in Louisiana, so my friends were hunting.

They were learning how to hunt, fix cars, do manly things. And I didn't have a dad to show me that. Dude, I couldn't, like, if you gave me a lawnmower, I got overwhelmed. I don't even know how to start this thing. Like everything, everything mechanical was overwhelming to me. I remember my uncle offered me a job one summer, um, roofing. I literally did not know what end of the hammer to use. Like I was so, so uncomfortable. Yeah. And as a, as a male person, like, so I kept

looking for somebody to give me guidance and teach me how to fish and hunt and fight and do all those, you know, manly things. I couldn't even tie a belt. I didn't know how to. Yeah, exactly. I didn't know how to tie a tie. Of course not. How would you? All that stuff. Yeah. You know? And so, yeah yeah that was that way and then i lost my older brother when i was 20 and um so that was a reminder of the other loss um so that's part of why i help people today like you know coming and talking to your audience knowing it's under 35 years old and these guys are hungry and want to do well and it's like that's what I wanted when I was a kid. Yeah. You know, I wanted guidance, mentorship, direction. So when the local drug dealer offered it, I'm like, yeah, let's go, man.

You know, and then I went down the tubes from 15 to 25. Wow. Danny, the drug dealer, took me, you know, to places I would never wish on anyone. Right. And you had a twin brother throughout that process. Was he engaged with you in that activity as well? I'm not going to speak for him, okay? I do know it tends to, you know, the contagion, the negative aberration tends to, you know,

pilfer all those with too much time on their hands. Yeah, it spreads. And so I had too much time on my hands. I was a good student. It was easy for me to get through school. So good student became bad student. Because I'm like, I know how to get a C. I know how to get a C.

I know how to get through. And so I didn't pay attention and still got through. Went to college, did the same bullshit. And I'm using drugs every day and just wasting my life away and it gets worse and worse and worse so um yeah it was it was pretty nasty 10 years yeah and speaking of school you recently said school is one of the most dangerous places for your child to be, right? I think schools are the most dangerous place in America today. Wow. You know, and I'm not trying to be hyperbolic when I say that. But every bad habit I learned was in school.

I didn't learn them after school. I learned them in school alcohol cheating skipping lying scamming you know um everything dude like bullying i got bullied like a like you got bullied oh 100 dude i can't even picture that oh yeah i got bullied a lot wow so now when people bully me i'm like yeah okay we ain't doing that anymore. This is over. Yeah, were you skinny, small? I was small.

I was always small, you know. Okay. And so, but I always had a big mouth, okay? I've never not had a big mouth. I've never not been opinionated. And I have always hit on your chick. So, like, if you had a chick, I'm like, okay, so what's your football player?

You know, and the football players don't like that in louisiana you got in a lot of fights i've had a lot of fights and i lost a lot of fights and i won one of them the whole three years of my last three years of high school um so i was so proud of that one fight that i won was he way bigger than you oh yeah everybody's Everybody was bigger than me. So, but literally like I would go to school and I would change shirts on the way there and knowing, okay, today I got, I'm going to get in a fight today. Damn. It was terrifying, dude. Every day I was worried. Yeah. And now there's a different form of bullying. It's more cyber bullying these days. Yeah. I can't imagine today, man. My daughter hit me the other day and said, I'm getting, I deleted my Instagram. Wow. And she told me a week later, she's like, I feel so much better not having it. And she's a star on Instagram, man. She, every time she hits, she, she loads

on my Instagram, my freaking numbers go up. She gets better numbers than I do. Yeah. So, um, but yeah, dude, I, I, back to the school thing. It's's slow it's a waste of time they're not teaching anything that's relevant anymore um the teachers don't even like it teachers are underappreciated we're 300 000 teachers short uh the the school system's telling the kids not to use ai we have this unbelievable technology why would i not use it? It's freaking ridiculous. And by the time a kid goes to high school for 12 years, I mean, she's 14. She'll finish high school before she's 15. We homeschool her. That's incredible. Yeah. She gets to roll with me. I'm like, hey, if we're going to screw her up, let's us do it.

We're going to screw her up, not some teacher that's confused. Yeah. And now the school systems have all these other agendas, dude. Like, you know, you've got to teach all these other things. Useless. I didn't go to school to learn about transgenderism. They've got tampons in boys' bathrooms. I mean, I don't know if you need one or not, but I do.

No, I don't. I'm good. And, you know, if you want to play with them, go ahead. But, like, just leave it in the girls' bathroom. I know how to get in there. Yeah. So I've had a lot of fun in the girls' bathroom, you know? So it's just ridiculous, dude, what we're teaching. And, unfortunately, the teachers have their hands full with math and English and history and geography.

But even though it's like geography, why does somebody need a geography class today when I have an app that can literally give me real mass and reality on every country on the planet? And then I can Google search the history of that. Like these classes are outdated. So outdated. You know, I mean. every country on the planet. And then I can Google search the history of that. These classes are outdated. So outdated. And the fact that it takes 12 years. And the fact that we spend $900 billion a year. Wow.

$900 billion a year. I'll say this, and I agree with everything you're saying, but to be a devil's advocate, how expensive is the homeschooling? Because can most families even afford that option? Well, it's definitely cheaper than public schools. Is it? How would it be cheaper though?

Because my kids don't become addicts. Okay. Okay, it's $35,000 to send your kid to a treatment center. I got introduced to being in public school and all that stuff. Yeah, people are doing. Yeah. Where are you going to get introduced at? In stuff. Yeah. People are doing. Yeah. Like where are you going to get introduced that in schools? Okay.

Now, now it's all accelerated now. Now, now you're going to be a addict and confused about whether you're a boy or a girl. Could be a cat. Yeah. Did you see this?

I could be, I could be your avatar. Yeah. Like I'm going to be him today. I'm going to be Sean's avatar today. Okay. And we're gonna spend time on this you could be whatever you want did you see the recent statistics on

what percentage of kids are gay now and stuff no what is it i mean it used to be like i don't know the exact numbers but basically it multiplied heavily yeah yeah because they're selling it yeah they're making it cool yeah it's really weird honestly you know so this is where i get in trouble in these sentences right here like i'm like, okay, if we're going to have a gay pride month, why don't we have a straight month? Yeah. Let's have a straight month. Oh, yeah, because the straight people have always been straight,

and it's all right. Dude, how about straight month? How about family month? Why don't we do family month? Why don't we bring back families are cool and celebrate families for a month? And I don't mind the gay month or the transgender month. You want to do a transgender month, you can do that. You gay month or the transgender month you want to do a transgender

month you can do that you can do a cat month if you want to but i want my single month i mean my my uh family month my family month i want straight month i want success month let's celebrate all the successful people in the country you know and and then give the deadbeats a month too. Deadbeats and little quitters, haters, the lazies, y'all get a month too. But we're also going to honor the most successful people in the country, the hustlers, the people that paid their college debt, you know? Absolutely. I love how much importance you place on family, man, because you used to be a bit of a player, I know, back in the day. But now you're all about family. You post your daughters all the time. Your wife is doing it. so i really appreciate you spreading that message

because people my age they're they're in that hookup culture you know what i mean yeah and the family unit is is getting less and less yeah it's a shame man it is you know it's scary um charlie kirk show so i see you diving into politics a little bit now huh uh i don't think i don't think I'm that political. Okay. You haven't endorsed anyone? Oh, yeah. I 100% endorse Donald Trump.

His name? Donald J. Okay. Yeah, 100%. And that doesn't affect your business? I don't care if it does. Like, I hope it does affect my business, you know? Because some of you are invested.

You guys don't want to do business with me because I'm voting for Donald Trump? F*** yourself. Okay, keep your money money don't do any business with us like if that's all it takes to upset you i don't want to do business with you so i can't have my opinion on that in a country that's free a company that i own this isn't a public company. Right. This is my company. So I didn't start this company to, like, take a knee and, oh, yeah, well, if you don't vote for my guy, then I'm not with you. And if I can't trash your guy, you're not with me, whatever. Yes, you have a similar belief as Dana White.

Yeah, me and Dana have a very similar belief on that. Yeah, and you actually met him. Here's the deal. Like, we don't have any sponsors. Okay. So Dana, you know, he's got a lot of sponsors. And the reason I don't have sponsors is because I never want to answer, Hey, Grant said, blah, blah. Like Jared and I went through this years ago. We were doing about, I guess we were doing eight or 10 million bucks a year. And I would say stuff and Jared would be like, oh my God, that's going to cost us with Toyota. Well, now I say more stuff

and we never worry about Toyota. We do, what do we do? What is eight into 150 million? Seven times? No, what is that? 70 times? 150 divided by eight? yeah about 70 yeah no no 20 20 20 yeah yeah we do 18x more business we went from 8 or 10 million bucks a year to 160

million at one company 130 at another company and 340 at the real estate about 600 million a year dang is where we went from 10 million to 600 million, 60X. From dropping sponsors? No, we said, hey, I'm going to say whatever I want to say. As many times as I want to say it. Lose as many people. Offend as many people. Right.

And then I'm going to put my attention on the rest of them. Interesting. Because a lot of people try to please everyone. And then you become nothing, dude. This reminds me of high school. Right. The most miserable time in my life

was trying to be popular. The most miserable three or four years of my life was when I was trying to be the popular guy. Same. I wasted so much.

I wasted so much time. I tried to do that too. I know none of those people today. Yeah, same. I mean, I remember some of them, but Jay and Billy. Keep a little notebook. Pete, you know, Mike, Mike Armatale used to beat me up. know none of those people today yes i mean i remember some of them but jay and billy notebook pete you know mike mike armatol used to beat me up you know but but i know this though all those

guys know me everyone of knows me but you know on the on the sponsorship you know they come and go i mean look what dana did with the bud light You know, Bud Light got trashed doing that nonsense with the trans chick or guy or whatever it was. And then Bud Light went to Dana and said, hey, we want to be your sponsor at UFC. It was perfect. It was brilliant. I mean, he got

$105 million a year for that. Wow. Ten-year contract. Damn. It's a billion dollars. That is crazy. Yeah. But we don't have those. I have no sponsors. Like the first conference you went to, we had people coming in that would speak and sell. And that's how we funded that activity. Got it.

We had a lot of complaints about that first event. Since then, we have never had an event where we have speakers that sell anything. So no pitching allowed. There's no pitching. Everything's integrated. It's not that there's no pitching allowed. There's no pitching. Everything's integrated. It's not that there's no pitching allowed because I'm a pitcher. Like I love to pitch.

I love to promote stuff. I love to sell stuff. But we don't bring any sponsorship in from outside. There's no exhibitors, no sponsorship. I've never taken a penny from AT&T or Sprint or T-Mobile or like our Cardone Capital. Cardone Capital is completely privately held. We don't do business with any of the elitists.

Wow. We take no money from the big pension funds, Goldman Sachs, J.P. Morgan. Is that by choice? Well, you know, that's to be determined, right? So somebody said to me, they said, man, if Blackstone gave you $100 million, would you take it? Or $1 billion, would you take it? I'm like, maybe. But I wouldn't take it under the terms that they have today.

And they probably wouldn't do business with me today because I'm a threat to their DEI. What's DEI? Diversity, employment. Oh, they have specific rules of who they can hire? It's just their whole agenda, right? They're going to be like, he's a risk. I'm a headline risk for them. Right.

Right? So I'm just using them as one example, not specifically to Blackstone or Goldman or J.P. Morgan or MetLife or New York Lifegan or metlife or new york life are these these are trillion dollar companies these are not like people don't understand the money game is not we're not talking about billions of billionaires we're talking about companies that have a trillion dollars damn i've never heard the t word thrown out like that oh yeah these are these are these are mega institutions wow so uh what's what's a new york life worth 580 or metlife 500 probably 500 oh 890 billion you don't even hear that name ever thrown around

never heard it okay vanguard's 11 trillion i've heard of that one uh fidelity seven trillion dollars and it's all real estate funds uh well, some of it's real estate funds. Like, if I go back to New York Life or MetLife, they're $590 and $60 billion of real estate. Wow. All in America or is it worldwide? It's probably worldwide, but most of it's in America, a majority of it. But that's just one example of like, we buy assets from them, but we don't partner with them. I'll buy their stuff. What we do, look, in every business, there's a, I wrote about this in If You're Not First, You're Last. Find out what your competitors can't do and do that. What can they not do? So we took the biggest giants. Like, I'm going to become a trillion trillion dollar uh a trillion dollar institution at some

point in my career first place i ever announced that was right here okay let's do it guys all right so uh i wrote all my goals in the 10x rule every single one of them we exceeded and and and so like somebody showed me that book today and said look look at all the stuff you said you were going to do bro every all of it happened and more. So we're going to become a trillion dollar. If I wanted to become a trillion dollar business, I'm going to look at the trillion dollar businesses and say, what can these guys not do? Well, one thing they don't do is they don't get money from regular everyday people. They do business with one another. Giants are doing business with giants. Institutions are doing business with institutions. Soutions are doing business with institutions.

So what we did, we started about five years ago. We don't do business with them. We buy assets from them and then democratize them with regular people. So we're buying $300 million assets, and me and you are doing the deal, regular, everyday people. Interesting. Now, your audience thinks you're not a regular person. They think I'm not a regular person. But compared to institutions, the group, regular everyday people. Interesting. Now your audience thinks you're not a regular person. They think I'm not a regular person, but compared to institutions,

the group is, we're just regulars. Right. And so we're democratizing at scale. There's never been done a scale before where regular everyday people can invest in card on capital fund without sponsorship and without institutions like Dana. okay, and benefit regular people, build a hundred billion dollar or trillion dollar business, but the people, regular people will benefit from it rather than your customer at Vanguard or Charles Schwab. Charles Schwab did the same thing. Because to even be a customer there, you probably need to be a millionaire. You're just a customer. You're not an investor an investor right and you probably need a million to throw in there right well JP Morgan yeah you're not going to get a return phone call for a million dollars wow

you're going to be you'll be probably on a six-month waiting list to create an account crazy I think that still holds true today if you put in 20 million you could make 20 million probably is the first cutoff to create a wealth account there. That will not get you a meeting with anybody of significance to JP Morgan. $100 million will not get you a meeting with the chairman of the board. A billion dollars in cash probably would. Wow. That is insane. And you said on your Instagram, a million dollars today actually isn't much. You're not considered rich. You need 10 million cash today to be rich, right? Well, if you adjust for inflation.

I mean, people wanted to be millionaires 30 years ago. Inflation alone would suggest, well, you should want a different goal. The cost of everything went up, but people didn't change the size of their goals. That's true. So I was with a guy this morning. He's like, first time I got a million dollars, I said, you got scared, didn't you?

He's like, my first thing was not celebration or jubilation. It was fear. Because now I'm like, I have a million dollars. I have to manage it. What if I lose it? Right. Because all of a sudden you realize a couple of emergencies could blow this money. Yeah.

Now you got some 30-year-old kid right now listening to this 27-year-old kid. You give me a million dollars, dude, I'm good. But you're wrong. You don't know what you're talking about that kid that's listening to this right now you think it's a lot of money until you do the math on it and then you realize this is no money at all right yeah i feel like it's considered middle class these days almost right yeah i mean the average home is 400 grand so if you go buy a home now you're down to 600 grand buy a couple cars now you're down to what 400 depending on the car depending on the car right uh put put put your kids in school i mean it'll cost a million three to put one kid in school all the way to college that's a lot so you're broke now damn you got to get rid of your

house because you're freaking bankrupt yeah just if Just if you have a kid. Plus inflation. I mean, they say it was 8%, but it could be. I didn't get to go to Starbucks through the process. Speaking of inflation, you said inflation, you believe it wasn't caused by all the money they printed, right? Yeah. Well, this is controversial, right? I don't even know if I'm right about this. I do know that Warren Buffett says inflation is the probably single most complicated concept in economics. And maybe only one or two people understand it. So I'm not saying I understand this, but I'm saying when I do the math on, when I do the math on or try to understand inflation, and I hear them saying on the headlines, we printed too much money. I've heard this for 50 years, that we had too much debt. You know the debt clock? I've seen the debt clock for

50 years. I don't know what it was. Look up what it was in 1958, what the debt clock said. We're probably, I don't know, three or $4 billion in 1958 debt clock. Today it's $34 trillion. Damn. And they're going to say, oh, it's because we printed all this money. But does inflation, is inflation created because we print money? Yeah, it's $33 trillion today. Wow, so 100x?

90x, yeah. Yeah. The debt thing was a big deal in 1958. Every day you're seeing the debt clock. Oh my God, the country's taking on too much debt. We printed too much money. Fast forward 65 years, they're saying the same thing. We never pay the debt off. Nobody ever pays any debt off. The other countries don't pay their debts off. And during when we printed, everybody else printed. So let's say you and I are both billionaires, okay? And the government says, let's make them each worth 10 billion. And they give us 10 billion each. You get a stack of 10 billion, I get a stack of 10 billion uh they're like oh there's gonna be inflation no the print is not inflation because we haven't spent it you have 10 i have 10 we're looking at each other my rack's just as big as your rack and i'm trying to figure out how to get your rack that's all i'm

trying to figure out how to do right see the rich people don't they don't care about the print they're like you got it you got billion, you're a target now. I got my billion, I want to defend mine. I want yours to add to mine. It's a game. It's a game, dude. It's like all games. Monopoly, I want your shit.

Scrabble, I want to build more words out than you do. I want to build off your words. Now, you and I decide, okay, you got a billion, I got a billion. We're going to decide what to do with it. Now we start using the money. Now, that's when we're going to decide what goes up in price. Because the moment you and I become competitive, you go buy a piece of property. And I'm like, no, I want it more than you want it. You're willing to pay a hundred million for it. And I'm like, I got a billion dollars, fuck it, dude. I'm going to pay $150 billion, $150 million for it.

That's what's going to cause inflation when you and I start making moves on that asset. Right. But it's only the assets that we make the moves on. Because we're wealthy, we didn't go buy Gucci. We didn't go buy what you might have bought. I didn't, no. I see you like some of the nice stuff.

I don't wear designer, actually, no. Okay, excellent. Okay, I don't either. Okay, I'm like why if i believe in the designer i'm gonna buy the stock or become a player in the company right i'm not gonna buy their products i'm gonna become an investor in the company and they'll probably give me their products right so you and i decided you're gonna put a billion dollars in your gucci'm going to put a billion dollars in real estate. And boom, it's over. The inflation on those two decisions stopped. Interesting.

Okay. Now, if everybody got a billion dollars on the planet, everybody got the same amount of money. So it doesn't matter that there's inflation. So while we're being terrified of inflation right now, this is a topic. I mean, I'd love to talk about this with some economic guys for like an hour and a half to understand it. But if everybody got a billion dollars, does it matter that everything is more expensive now? Are you interested in coming on the Digital Social Hour podcast as a guest? Well, click the application link below in the description of this video.

We are always looking for cool stories, cool entrepreneurs to talk to you about and life. Click the application link below and here's the episode guys. Interesting. And that's what causes inflation when people rush to buy a product. Yeah. When people were given $1,400 checks, these are poor families across America. They took their $1,400 and went and did with it. Okay? Dumb purchases cause inflation. So Gucci's were $600. Then they went to $650. People kept buying them.

Then they went to $750. People kept buying them. Then they went to $850. People kept buying them. And they're still doing it today, dude. We have a trillion dollars worth of credit card debt today. Okay? Stupid purchases is what causes inflation.

Wow. Now I know people sitting over there and be like, man, man, the bacon's more expensive. Quit eating it. Okay. Eggs.

I can't afford eggs. Quit eating them. If you quit buying them, the price will come down. I mean, the eggs aren't even fresh anymore. Okay. Starbucks.

If you don't like a $4 cup of coffee, dude, quit buying it. It'll go down to three 75. It's like seven bucks now, I think. Okay. Starbucks. If you don't like a $4 cup of coffee, dude, quit buying it. It'll go down to 375. It's like seven bucks now, I think. Yeah. Well, what do you, what do you drink? I don't drink it, but yeah. See girls drinking it. Yeah. You know? Yeah. It's ridiculous. Um, now as an owner of a real estate fund, you know, you're managing 4.5 billion, right? Yeah. You said a home is a terrible investment. Yeah. Isn't that kind of ironic? It is a terrible investment. There's nothing good about it.

Like, you know, it doesn't cash flow. You don't get big tax write-offs because of it. You have no leverage. You're living in it. You're paying for it. You never own it. Even when the loan's paid, you don't own it. Really? No, you still got to pay property taxes. Oh, okay. Still got to insure it. You never own it. Even when the loan's paid, you don't own it. Really?

No, you still got to pay property taxes. Still got to insure it. Still got to maintain it. You know, like if you just break it down and don't become emotional because people get emotional about their house. This is my house. It ain't your house. You're a partner

in this house with the state. Interesting. So your recommendation to a normal family would be to rent? Never buy a house, man. Rent. Rent where you live. Interesting.

Take all your money and invest in properties that cash flow. I'm not saying don't own real estate. I'm saying live in a house and pay rent. Take all the money that you would have spent on that house and invest in real estate, the cash flows that pays you every month. Could be retail, storage, could be land. If you're a farmer or rancher and you know how to get cows to cash flow, then do that. Apartment buildings, like we invest in. You do invest in mainly apartment buildings right now? Yeah, apartments and office. I actually like some office opportunities in parts of the country.

Interesting, because commercial got hit hard, I thought. It's going to get crushed, dude. Yeah? This is going to be, I mean, right now, I'm having a moment right now just talking to you about this because I'm getting excited. A lot of companies are laying off, man. This is going to be big, bro. Wow. This is going to be the biggest. You're seeing the layoffs. Yeah. But they don't report them. What do you mean? Well, they say we added 330,000 jobs this last month, but you'll see Bank of America, 20,000 job cuts, Facebook, 7,000 job cuts like that. They're happening. Okay. And we have a commercial real estate risk right now that we probably never had this size before. What's the risk? Too much debt, too much debt on assets and the debt's expiring it's it's due so when there was when that debt becomes due

um if they cannot buy the debt down the they'll have to sell or trade it and that's where people build make great acquisitions at lower prices but back to your house thing okay this house that i live in right yeah like i would rent these headphones before I bought them. Okay. I mean, they're cheap, but it's probably a bad example. But the house, I would rent it. Rents in this country are half of what a mortgage is. So let's say this house in Vegas is a $4,000 mortgage. You could probably rent that house for $2,200. You have no equity in it.

No down payment. Minimal insurance. You're not paying property taxes. you have no equity in it, no down payment, minimal insurance, you're not paying property taxes, and you have no maintenance. Take the same money, let's say it was $400,000, and go invest that in an apartment complex or storage or industrial and the cash flows that pays you every month. Right. And use the payment from that to pay your rent. Interesting.

Yeah. You'll make a lot more money a lot quicker, right? And you'll have bigger tax write-offs. Yeah. You'll actually be creating assets that become worth something in the future faster than a single family home. Right.

Speaking of tax write-offs, you're one of the best person I know with those, man. Zero dollars. You and Trump know the tax game well, huh? Try to, you know. I mean, the laws are there. Jared and I were talking about it on the plane over here. We figured out a way for him to become, you know, to slice the monkey up.

Nice. So, you know, I don't like the IRS. I never have. I don't know why anybody would. Yeah, you don't know where the money really goes to, to be honest. I don't mind why anybody would. Yeah. You don't know where the money really goes to, to be honest. I don't mind paying local taxes. I just don't,

I don't want to pay federal taxes. Then they're going to go fund. I mean, look, we're attacking Iran, Iran and Syria right now. I'm like, why don't we defend our country?

Yeah. Oh, we're retaliating for three deaths. Okay. Well, we're having three deaths every day in this country right now. Why don't we retaliate to the illegal immigrants, the drug dealers, the fentanyl smugglers? Why don't we retaliate here and punish the people in this country that are committing crimes in this country, not just outside the United States?

Absolutely. I just had a guest on last week. He actually had a tattoo of you on his arm. Oh, is that right? Yeah. uh, they're committing crimes in this country, not just, you know, outside the United States. Absolutely. I just had a guest on last week. He actually had a tattoo of you on his arm. Oh, is that right? Yeah. But he was crazy,

man. Former addict. He lost 30 of his friends to this drug problem, dude. Wow. From fentanyl. That's crazy. That's crazy. That's crazy.

And he's like 30 years old. Yeah. And all these fraternity brothers are, are consuming those drugs these days. Yeah. It's terrible. Yeah. That's crazy.

It's a real problem. And that's, goes back to public education, man. Yeah. But like, like, that's goes back to public education, man. Yeah. But like, and it goes back to Americans funding wars outside this country by paying out the IRS because they're not like all people have to do is literally

read the tax code. It's not very complicated. And what you're looking for is you're looking for the legal ways in which wealthy people don't pay taxes. Okay? I didn't grow up wealthy. I grew up with nothing. But I studied wealthy people. Okay?

Why are these people not paying taxes and rich people pay them? Okay? Rich people pay a lot of taxes. Wealthy people don't pay any taxes. The middle class pays a lot of taxes. Wealthy people don't pay any taxes. The middle class pays a lot of taxes. People that are poor don't actually pay taxes. I don't want to be poor. So I look in the food chain, I'm like, where do I want to be here?

I want to be one of these wealthy people that don't pay taxes. By the way, they don't earn money. Okay, wealthy people don't earn income. They have no income in many cases. They're very low income, but their assets go up in value. Right. And so those assets kick off big write-offs, none of which is a home. Yeah.

A home has a tiny, little tiny write-off compared to the kind of stuff we invest in. Yeah, that makes sense. You see the top CEOs get paid in stock, and then they take loans out against it, right? Yeah. So there's no taxes. And same thing we can do with real estate. Great real estate you can borrow against. I once took $56 million out of a real estate deal.

Wow. I got the check. The deal was refinanceable. I bought it for $58. I had $45 million worth of debt on it. One of the best financial decisions I ever made in my life. I sold my house. I had made a mistake and bought a house.

Had a bunch of equity in it. Took the equity, bought an apartment building. Seven years after I bought the apartment building, it had gone up in value. And the lender called me and said, hey, would you like to refinance your loan? It's coming due in a couple of anyway i said sure they said we can finance it for 50 million more no 45 to whatever that is 60 uh 60 million dollars more than the last loan we'll pay off your

previous loan of 45 we'll give you 60 million dollars it closed and i'm like 60 million yeah and i said is the property going to still cash flow oh yeah you got plenty of room no no problem i mean you're you're like it's it's perfectly safe wow so i said you're going to give me 60 million i only had 15 million in the deal i I'm going to make four times on my down payment. I'm going to get my down payment plus $45 million. And I still own the property and it's still cash flows. Now I said, let me ask you something. What's the tax implication on the $45 million? They said, nothing. Wow. I said, let's party. So you three X your money and cashflow. Still cashflow. It's Still have the asset. Yeah.

Now that was, I don't know, four or five years ago. That asset today is worth $250 million. Dang. I have no money in it. I took $60 million out. Paid back the investors, other investors I had in the deal. And that property cash flow is probably

what's the NOI on that deal? The Harbor portfolio. I don't know, probably cash flows. I probably get $6 million a year. Wow, that's incredible. I think sourcing deals is your strength, right? You're able to find these great opportunities.

Well, it's hard, man. But I don't look at everything. I just look at specific things. Opportunities. Well, it's hard, man. Yeah. But I don't look at everything. I just look at specific things. So we look at trying to buy the best assets. If you go to CardoneCapital.com, you'll see the kind of stuff we buy. This is as good a real estate as anybody in the country can own. These mega, mega trillion dollar institutions, we're buying stuff from them knowing that in the future we'll sell back to them. Wow.

Or become them. Love that, man. Yeah, but never act like them. Yeah, you're for the people, man. Yeah, 100%. I love that. Was going on Undercover Billionaire one of the hardest things you've ever had to do? Dude, that was the worst experience worst and best you know biggest ups and down uh most traumatic experience in my lifetime

wow was doing that show it was terrifying yeah you were vulnerable right you had to put yourself out there look when i we i left las vegas i was here in vegas march i think it was March, I don't know, late March. No, early March 2019. 2020. It was about to happen. We didn't know it. Right. People knew about this Wuhan thing going around. And I had already had it, by the way.

Yeah. I had had it. I got it in January. I mean, the real one, the one when it was still there. Dude, I got that one too. Dude, that shit was sick, bro. I thought I was dying. Well, did you feel like a synthetic was going through your body?

Yes. I've never felt that sick in my life. Did you feel like you had some programming? Something weird was happening. It wasn't a flu. No, it wasn't normal. It felt different than any other sickness I've ever had. Me too, man.

You and I have never talked about this. No, never. Okay. Mine felt like, this is january we just left vegas march we we came here to check out our our um the venue and give me those numbers ryan did you get the numbers 12 million 12 not 6 million 12 12 million noi. Nice. Yeah. Yeah, about 6 million. Okay. So what am I talking about?

Yeah. Like we left Vegas, came here to check on the venue, knowing we were coming back in March. I get whatever this thing is. And, dude, I'm telling you, two days, I swear I had some kind of program going through my system. It felt like I had been implanted with something. It wasn't a flu. It was something synthetic. I've really never even talked about this. And then you said it was different for you.

I got it at Dan Blazarian's house. All of us got it. It was like 50, 100 people at Dan Fleishman's mastermind. I didn't know he was gay. Who? Dan. He's gay? Wait, what'd you say okay go ahead oh okay no but we all got it i'm literally texting everyone like dude i think i'm dying i'm like 22 23 like it felt weird man i don't know dude it was crazy well that's related to but anything related they yeah yeah delete these days yeah it was weird though yeah well that's weird yeah did, but anything **** related they delete these days. Yeah. It was weird, though. Yeah. Well, that's weird. Yeah.

That they delete it. Got a strike. You only get three on YouTube and then you're out. Yeah. Yeah. Yeah. How many strikes have I had? So, anyway, I had, what's his name, Robert Malone on.

And he said, don't mention the I word. The I word. The solution. Oh, yeah. He's like, if he does, they're mention the I word. The I word. The solution. Oh, yeah. He's like, if he does, they're going to shut your channel down. Yeah, the one Trump mentioned? Yeah. Yeah.

So that's the same one I use, by the way. Keep it at the house. Nice. I love it. And anyway, back to what happened. I got sick. It felt electronic or programmed or something. It was bizarre.

But nobody was talking about anything. It hadn't happened yet. We come here in March. I know at the end of March, January, Discovery Channel called and said, hey, would you do the show called Undercover Billionaire? I said, well, give me the link. I'd never heard of it. I went and watched the first two minutes and I said, oh yeah, I'll do it. give me the link. I'd never heard of it. I went and watched the first two minutes, and I said, oh, yeah, I'll do it. I called him up. I said, yeah, I'll do the show. I said, I was in Miami. True story.

I said, hey, are you guys in L.A.? They said, yeah. I said, well, I'm in L.A. I lied to them. And because I was, by the way, in L.A. mentally. So I'm like, I'm in L.A. You are? I said, yeah, I could be there tomorrow morning.

And I'll come by the production studios, right? So they said, yeah, come on over. They had a big, big table like this. Longer than this. And they must have had 12 people in this meeting. I went by myself. I had a little bag with me. I walk into the meeting.

I said, okay, tell me what I got to do again. I'm trying to sell them on me. And they said, well, you'd go in March. You'd start in March. And you're going to get dropped off in a city you've never been to. You cannot use your name. Oh, they don't tell you the city? No.

Wow. We're going to give you $100. Okay. And I'm laughing like, keep it. I don't need $100. They said, you have to build a million-dollar business in 90 days you can't use your name can't use your social uh what else they say you have no place to sleep wow no food no water do you have a phone they said we'll get we're gonna give you a new phone but you can't use your old phone because it's got all your contacts right can't use in

your name you cannot use your name for 90 days i said yeah man but where's the challenge lady named discover nancy daniels she's I said, yeah, man, but where's the challenge? Lady named Nancy Daniels. She's the president of the company. I said, but where's the challenge, Nancy? And she's like, what? Are you with me? I said, a little bit. And she's like, you think you could do this? I said, I guarantee you I could do this. In fact, I tell you what, I'm going to do $10 million in 90 days, under 90 days. I don't even need the full 90. And if I don't, I grabbed this bag and if i don't i grabbed this bag threw it on the table i said i'll give you the contents of this bag interesting what was in there million dollars in cash and she's like you got the job that is like you're gonna be great tv

i said i'm telling it's gonna be easy i said i do not need a full 90 days i've said 30 45 days i'll already have the evaluation. She's like, oh my God, this is going to be great. They all got excited. So we worked around my event here in Vegas. I just finished interviewing Kevin Hart. We had this beautiful event. I mean, fantastic. The best event we've ever done would be the last event, big event done for two years in America. We didn't know this. I leave, shave my head, get on my plane, and we fly into Pueblo, Colorado. I've never been there before. I get there like, I don't know, 1.30, 2 o'clock in the afternoon. I get off the plane, go to this old piece of truck they have for me.

That's one thing they did give me. And I am terrified. it's like 26 degrees outside dang i don't like being cold i live in miami at least huh you bring a jacket at least uh did i have a jacket yeah i had a jacket okay okay because i said look don't don't send me any place cold they said bring a jacket man but i'm already in yeah okay so i literally walked to this old truck ryan seca was there ryan was scared for me oh he was with you yeah he was the pilot okay so there was another pilot in ryan and when i got off that plane everybody knew okay this going down dude yeah i'm not gonna see anybody for 90 days i'm leaving my family for

90 days a long time and And you know, I was all cocky about, okay, this is going to be a piece of cake and it's going to be easy. And, but you know, when my feet hit the ground, bro, it was like, I don't know. The nerve started. This is stupid. So nobody knows this, but when I get to the truck, we'll give you the clip of this so you have it. When I get to the truck, I get in and I start the old truck up. I'm cold. I'm scared. My head's shaved. I look like a bad a**.

And I get out of the car, run back to the plane, and I start grabbing a** off my plane. Okay. I grabbed a blanket. I grabbed a water bottle. I grabbed a bunch of protein snacks. I cheated. Oh, you're not allowed to do that? Well, no.

They said I could have a bag. Okay. They said you can have one bag, no computer, and you can have – I could put anything I wanted in the bag. Got it, got it. But I can't have a phone, so I went in there and started stashing in the bag because now I'm scared. Now it's all becoming real to me.

Like, bro, it's 26 degrees in four hours. It's going to be dark. And you don't have a place to sleep tonight. That's scary. Okay. And I was scared. Yeah. So I started hustling.

I started figuring out my, you know, when you get committed, bro, the entrepreneur wakes up. He either wakes up or dies. Right. And dude, I went into Tom Brady mode. Man. I went into goddamn, like, my homes mode. I'm like, okay, it's two-minute drill.

You got four hours. What's your moves now? So I started figuring out moves. I looked for companies that were for sale, saw an RV park. Immediately I'm like, RV park, that's beds. I'm going to go there, see if I can work a deal where I'll buy a company. I'll buy the RV park. Immediately, I'm like, RV park? That's beds. I'm going to go there, see if I can work a deal where I'll buy a company. I'll buy the RV park. But really, what I'm going to do is get a place to sleep tonight. Show up at this guy's. None of

this is produced. Show up at this guy's place. Hey, I understand you're selling your property. No, actually, it was the guy across the street selling his. He had already sold. He's like, I just bought mine from my dad a year ago oh really wow how's it going how's your business going who are you i'm like i'm in town i'm gonna restart here in pueblo i've left my family i'm figuring out how to tell my story right i've left my family over there two kids i left them with all the credit cards all the money everything i'm literally here with no money to see how a guy would start over in Pueblo. He's like, what do you mean you got no money? I said, no money, no cards, and no place to sleep.

He's like, why don't you stay here tonight? I said, goddamn good idea. Bang, I got a $64,000 RV. I'm in town 60 minutes. Wow. Okay. Then he comes up to me and says, hey why don't you here's a tab over at the local restaurant for 100 bucks now i got a tab for 100 i have no food you just met this dude

dude i met this i mean i'm putting it together that's awesome uh and then within two days he's got a brand new jeep i hated my truck they gave me and discovery channel didn't like me by the way they made the part as they could on me they hated my my cockiness and so um he's got a brand new jeep he's trying to sell it's slick black leather guts great wheels on it i'm like hey bro nobody's driving the truck around ryan why don't you let me sell it for you? Just keep the full tank of gas in it. Put insurance on it. Give me tickets. Give me some washing.

Make sure I can keep it clean. I'll show it around town, drive it all over the place. They can call me, and I'll sell it. I'm a great salesman. And the guy's like, sure, man, here's the keys. Had a $60,000 Jeep. Wow. In like 72 hours, dude, I had RV food, water, and a brand new truck.

That's impressive. I dumped the old truck to discovery gave me, they're pissed off. They're like, you can't dump that truck. That's part of the show. I said, you guys, this is what I'm doing. Yeah. Picked up four grand on that. I said, I might sell my phone. Right. So I'm making all these moves. And within, I don't know, 72 hours, I had 60, 60, $120,000 worth of assets. Damn. And discovery calls me and says, this is not going well. I said, what are you talking about? It's going great. I got a gym membership. I got a gym membership. I'm working out twice a day. I got a, I got food handle. I got water handle. What are you guys talking about? I picked up four grand from the truck. I got, I'm working on a guy for 10 grand to buy a part of his business. He's going to give me 10 to become a partner in a business.

What are you guys talking about? It's not going well. He's like, they're like, this is not a TV show. Nobody wants to watch somebody just and just get whatever they want. I'm like, uh, yeah, actually they do. And then it hit. Shut down the whole thing. Damn. So I think Discovery Channel was in cohorts with Wuhan to stop my show and my progress. Oh, so you didn't even get to finish it.

No, I finished it. Oh, you did? I went back and finished it. Did you end up getting the million? No. Oh, you didn't? No. Okay.

I got 5.5 million. Damn. So that's why people hate me because. Okay. I got $5.5 million. Damn. Fucking baller, dude. So that's why people hate me, because I win. I love that. So anyway, you guys that want to watch that show, if you go to YouTube, 10X Studios, you'll see the entire show behind the scenes. What they wouldn't show you, couldn't show you, didn't show you. The entire show is there from start to finish with no ads. Wow.

Yeah. I mean, there's so many people that say getting rich quick is impossible, but you pulled it off. Well, I mean, $5.5 million is not rich. Okay. So let's keep going. Relatively, right? For you, it's not. No, but, like, I mean, the reality is it's just not rich.

I mean, people need to think different. It's not about me. You're just grinding out. You know, that company still has to keep going. Right. Still has to hire people. You don't want to just get to five and think you're – if you're not going to grow it, it's going to go backwards.

Right. If you don't keep going up the escalator, you're going down. Yeah. And so I grew it fast, but they still got to maintain it. Whether they could do that or not is up to them. That makes sense. Yeah. What was that point in your life where you went from broke to making it?

Was it at an early age or was it later? Oh, no. I mean, I still don't think I've made it. What? What? You don't think you made it? I like this guy, man. Where's this guy been all my life?

No. No, I mean, no. No, I i don't that's insane yeah i don't i see a guy like elon musk i don't think he thinks he's made it yeah he's got some bigger big ambitions right yeah i see donald trump donald trump you know as much as people don't like donald trump i'm like he ran for office one time and won. But has he made it? He's still having to hustle today to try to overcome all the glitches or rigness of the system or whatever you call it.

Right. You know? I guess when I say make it, I mean like comfort. Like, do you feel comfortable where you're at? I never feel comfortable. Really? No. Wow. No, I feel like there where you're at? I never feel comfortable. Really? No. Wow.

No, I feel like there's a threat in the environment all the time. But I create these threats in my head. So you're like MJ out here. Michael Jordan used to talk to people, they wouldn't respond, and he would make up stories. Yeah, yeah, I do. I do do that. Yeah, because he played better when he's angry. Yeah, I do that. I didn't know that about Michael. Yeah.

But I do. yeah because he played better when he's angry yeah i do that i i didn't know that about michael yeah um but i do i'm always telling these guys bro world's coming to an end bro okay we're gonna you know they're gonna come take it all from us i think that's what's severely paranoid yeah that's what separates you because some people get some money they get comfortable they get comfortable man they don't have that fuel because at first people hate on you when you start entrepreneurship then they ride with you once you make it. Yeah, what happens is first they ignore you. Like people say, how do you handle the hate? Bro, it's better than being ignored.

Okay. Like the first stage is they just ignore you. They don't see you. You're invisible. You're meaningless. You're not even considered. You're not even in the room like there's so many layers of this that are so painful i think most people never you make it through that phase

like it's so it's so discouraging to be not even considered right so that's like really the story of my life is not that i that i and i get a lot but the thing nobody sees is the story of my life is not that I—and I get a lot of s**t, but the thing nobody sees is the amount of discounting. You'll never make it. I was talking to a guy last night, same thing. He's like, yeah, people don't think you can do it. Then when you start doing it, then they become envious. Then they start hating on you. Now, the people that are doing more than you'd never hate on you it's always people doing less than you it's never ever i noticed that too tad for tad i just got my first cancellation

attempt and people were messaging me and commenting like fu and stuff and it was all people that i don't really care about yeah like we discovered like when we get complaints from people at anything that we do, that we were doing a big webinar, 26,000 people on it. People, somebody complained about, oh, you're selling something. There's an offer here. Well, the only people that complained about it was the ones that didn't take the offer. It's never the people that did take it. Right, right.

They're trying to figure out how to 10X their investment. So first, they ignore you. Second thing is, this could be going into Starbucks and you're just ignored. It could be you become a celebrity and nobody knows you. It's always there, right? Nobody knows me. I got 16 million people following me, but based on the planet, based on the population of the planet, nobody knows me. I got 16 million people following me, but based on the planet, based on the population of the planet, nobody knows me. So I'm going to be ignored by, nobody knows me at JP Morgan or at Charles Schwab. I'm not a threat to them. Now, the moment I become a threat, they'll want to discount me, push me down. And the more I become a threat, you know, the more that happens, which is good. That's where

you have to get to. You have to get to that and you got to prepare for it. So that guy that's, you know, you got a $5 million, you think you made it, but you don't understand the game change for everybody. Like if you're an HVAC or solar or roofing and you went from zero and made 5 million, you are a threat to every roofer in your marketplace now. And they're going to start shaming you, hating you, dissing you, pushing you down, setting you up. And the bigger you get, dude, the bigger the game gets. You move into $50 million and then $500 million or $5 billion. The game always just changes.

Now the people you're competing with have more resources to put you. Right. You know? But the game changes. And it's a bigger game. And it's more creativity. and it's a it's a more creativity and um but do you ever make it you know i think the moment the guy says i made it i haven't i mean legitimately seriously do not consider that we've made it wow and the the moment i do

somehow the universe has this phenomenal way of saying oh yeah you think you made it. Wow. And the moment I do, somehow the universe has this phenomenal way of saying, oh, yeah, you think you made it, huh? Yeah. Well, that's what retirement. And I pull the rug. Retirement, which I don't believe in. Yeah. People work their whole lives to retire and say they made it. But you know what I mean?

Yeah. How old are you? I'm 27. Yeah. I mean, I was talked into a life insurance policy when I was 20 years old wow and to save money and when you're 20 years old and and to start making investments in a 401k these are complete ridiculous I was taught that too for 20 for anybody 20 or 30 years old yeah maybe 40 years old maybe ever these are saving money's a scam. 401ks are a scam. The IRAs are a scam. Going to college

is absolutely a scam. And life insurance, we might be selling life insurance in a little while, so I'm not going to say that's a scam. Well, life insurance, there's some good ways to save on taxes, right? Yeah, that's right. Yeah. So that's a good product to sell. Can't be mad about that. Well, dude, it's been a blast. Anything you want to close off with or promote? No, man. I appreciate what you're doing. And I hope you come back to one of our growth conferences.

See how we've matured them and how much more. Like we'll spend this year, we'll spend $10 million on that event. Wow. On a three-day event. And it's, you know, like you walk into the room and you see $10 million right away. You're like, oh, my God, this is the right way to do things. Like when I walked into your place, right? Like this is one of the most, like coolest podcast setups I've ever seen.

Nice. You guys are committed. You're doing it right. There's such a difference between people that do it and people that do it right. And you guys are doing it right. All this looks good. I love it, man. Thanks so much.

Thanks for coming on, man. Appreciate you. Yeah. Thanks for watching guys as always. And. All this looks good. I love it, man. Thanks so much. Thanks for coming on, man. Appreciate you. Yeah, thanks for watching guys as always, and I'll see you tomorrow.