Digital Social Hour - He Owns The Most Expensive House in Las Vegas! Mark Lindsey | Digital Social Hour #95

Episode Date: September 5, 2023

Today on the Digital Social Hour, we sit down with Entrepreneur Mark Lindsey and discuss what he's been working on lately and how he built his net worth to hundreds of millions of dollars. BUSINESS INQUIRIES: [e-mail] APPLY TO BE ON THE POD: https://forms.gle/qXvENTeurx7Xn8Ci9 SPONSORS: HelloFresh: https://www.hellofresh.com/50dsh AG1: https://www.drinkAG1.com/DSH Hostage Tape: https://hostagetape.com/DSH --- Support this podcast: https://podcasters.spotify.com/pod/show/digitalsocialhour/support Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey, I'm Ryan Reynolds. Recently, I asked Mint Mobile's legal team if big wireless companies are allowed to raise prices due to inflation. They said yes. And then when I asked if raising prices technically violates those onerous two-year contracts, they said, what the f*** are you talking about, you insane Hollywood a**hole? So to recap, we're cutting the price of Mint Unlimited from $30 a month to just $15 a month. Give it a try at mintmobile.com slash switch. $45 upfront payment equivalent to $15 per month. New customers on first three month plan only taxes and fees extra speeds lower

above 40 gigabytes. He has the most expensive home in Henderson. How much is it? Uh, we had it listed for 32.5. 32. Is that's not the house on the hill. Right?

Uh, it's on a hill. It's on a hill. Under my agents that I work with nationwide we had 115 agents last year that made a million dollars whoa 115 out of 230 250 yeah 50 that signed me up i'm in and did that great life come made me from just getting rich no because um i've always said money makes a good person better and a bad person worse. You know, money makes your life better, doesn't make you better. Welcome to the Digital Social Hour.

I'm your host, Sean Kelly. I'm here with my co-host, Wayne Lewis. What up, what up? And our guest today, Mark Lindsey. Hey, everybody. Lindsey in the building. How's it going, man? Fantastic.

How are you guys? Can't complain. Glad to be here. Yeah, I'm excited to dive into your story. Right. It should be fun. We'll have a little fun with it. Where should we guys? Can't complain. Glad to be here. Yeah, I'm excited to dive into your story. Right. Should be fun. Have a little fun with it. Where should we start? Wherever you want. I mean, you know.

Let's start from when you were our age, 20s and 30s. Yeah, when I was a failure. Is that how it went? That's how it went, man. I always had a lot of drive and determination, but man, I failed over and over and over. Didn't really become successful until I hit about 40. And then it kind of took off. And then about 15 years ago, it really took off.

Wow. So it's been an interesting journey. My dad was a bus driver. My mother worked in a photo lab. So we were just a regular middle class or lower middle class family. And I just had a lot of determination and drive, believed in the American dream my whole life. And tried a lot of different businesses and failed. So I would tell people that are young, don't worry about failing.

You know, try. If you fail, it's okay. The problem is a lot of people fail and they don't try again. And I think, try if you fail, it's okay. Um, the, the problem is a lot of people fail and they don't try again. And I think that's where you mess up. Right. So I never quit, never stopped burning desire. And my gut was just there. And what was the first big breakthrough where you made that first million? Oh, that would be, uh, I started, uh, in the financial business. I, I, uh, was not really excited about it, but I started doing seminars and speaking publicly. That's a tough one because I don't know anybody that loves to get up in front of people.

And I learned how to do it, and I started in that business, and I dealt with the financial products. We deal in what's called a fixed index annuity, which is a product that we help people between the ages of 45 and 80. They're looking for safer places to put their money. They might not want to be in the stock market, so they look for a safer place. And the reason why I like the product is because they're insured, protected, safe. You can't lose any money. And when the market goes up, like the stock market goes up, you go up with it. When the stock market goes down, you just get a zero and you stay where you are. So, you know, it's got a nice average return, maybe four to 6%, but it's really good for people 45 to 80 because they're looking for safer places to put their money. And that was, I became one of the best in America at that. Really, really good. And I came up with a system

and a process. And then I created my company, The Revolution, in 2008. And now we have about 250 agents all over the United States. And we'll do about $3 billion of fixed index annuities this year. We'll be one of the biggest in the United States. So you guys only focus on fixed index annuities? Primarily some fixed annuities as well, but primarily about 99% of our business would be the fixed index. Why is that? Because it's a safer product. Safe. Yeah. You're not. What I love is I don't ever want to see somebody in their fifties, sixties, and even seventies to ever lose money. Like, you know, last year the stock market went down 19 and a half percent. Let's say 20%. It's

a lot. I mean, if you were, let's say 70 years old and you're ready to retire and you lose 20% of your money, that can make a really big impact on your retirement. So I try to get with people before and our agents all across the country, we try to get with people before that and help them get their money into a safe place. And that way, when they are 68 or 69 or 70, they're going to retire and the stock market goes down. We don't care. We don't want them to lose. You know what I mean? I have all of my retirement money there, my families, my clients. I mean, I've been doing this now for a very, very long time.

But it wasn't always champagne and roses. It's always you're learning and you're building a business. You're learning how to manage and build a business and do all those things. So it's been a great experience. And now life is about as good as it can get he's chilling now he just he has the most expensive home in henderson yeah yeah 30 million dollars how much is it uh we had it listed for 32.5 million 32 point is that's not the house on the hill hill right uh it's on a hill it's on a hill uh it might there's a there's a couple of houses there's one that sold for 25 million up um in mcdonald

highlands yeah blue heron home and uh and mine is in seven hills okay oh yours is seven hills yep great view love the view you know i mean and we said 4040 million? $32.5. You still live in it? I still live in it. By yourself? Yep, yep. It's just me. You live in it by yourself? Yeah. I had to put my dog to sleep, which was a real bummer, about four weeks ago, which really sucks.

So no girlfriends? You know, I have a life. Okay. He's in Vegas. That's crazy. $32 million. Yeah. Got a car elevator that goes up.

You know, fun stuff. Yeah, yeah. It's one of the – and I have – and my kids and grandkids. I mean, I just – I have such a great life. Yeah, yeah. I'm a very fortunate guy. That's dope. And did that great life calm me from just getting rich?

No, because I've always said money makes a good person better and a bad person worse. I understand. So, you know, I like to think I was a good person before I made money. I think what money did for me was allowed me to do more with charities and donate more. And I do a lot with kids' charities, veterans. I do a lot with battered women's stuff and even animals. I do a lot with battered women stuff and even animals. I do a lot. Charities to me have opened

up a whole new area for me to help people in a different way. Nice. What I love to do is I love to help people succeed. On my agents that I work with nationwide, we had 115 agents last year that made a million dollars.

Whoa. 115 out of 230? 250. 250. Sign me up. Amen. You need the license, though. You need your license.

No, just an insurance license for your states. And if you want to get into that side of the business, then you would get your 63, 65, whatever it is that you got to do. But that, to me, is the real driving forces i love to help people i love to help the agents i love to get out there uh and i love to have fun and i and i dabble i i buy you know percentages of other companies and you know um i i one of my best friends is with the dollar loan center and i've invested heavily with dollar loanan Center here in Vegas. Great, phenomenal company. Love them.

And Chuck is a great guy. Eagle Century is a local electronics company that they did my home. They did such an amazing job. Smart home? Yep, smart home. They did such an amazing job that I decided, and the owner wanted out, and so I bought that company. Wow. wanted out and and so i bought the that company and so we do all the high-end homes in vegas all the electronics and alarm systems and theaters and televisions and all that stuff so but that's

kind of the hobby side and you're also in the yacht industry it's a hobby yeah it's not it's hobby yeah you know i've been i've been had boats my whole life and i love them mainly on lakes you have any here i have yeah lake mead i got boats all over down at colville bay uh lots of great friends down there shout out to lake mead yacht club they're great buddies there's a yacht lake mead has a yacht club wow which part of the lake it's uh it's at colville bay colville bay is the other side that's not the main lake yeah that's that's the lake so you got uh you know you you've got the Boulder area, and then you've got Colville, which is you go in off Lake Mead Boulevard and go around. And so I got boats there. But I decided that I wanted to get an ocean boat. And I did a bunch of research. And I found a company called Silent

Yachts. If you look them up, you guys will flip out. They make full electric yachts. I'm talking like 60 foot, 80 foot, 100 foot, full electric yachts. Full electric, like a Tesla. They call it the Tesla of the oceans. And so I decided to buy one of those. And then I fell in love with the idea. I mean, you know, I'm not an environmentalist crazy guy like that. But I do think that we can do our part.

And I love the concept of what they were doing. So I wind up buying a percentage of silent yachts out of Austria. And we're going to be delivering maybe six to ten boats this year. Next year, another 10, 15 boats. But these are full, I mean electric, full electric. What are the prices? They range from about $3 million to probably, well, our most expensive wall. Range from about $3 million?

$3 million on the small side to probably about, I think our biggest one's $120, and that's going to be about $20 million. $120? $120 feet. So the one I bought is 80 feet long, 36 feet wide. They're power cats. Yeah. So we have electric motors in them with full solar panels and you can literally set that thing

at about 8 knots and just drive around the world you never have to stop if you go to a cove you just pull into a cove turn it off and the boat is quiet they call it silent yachts because they don't make any noise the sun charges it the sun charges it where's yours at?

my boat is going to be delivered uh later this year that's an 80 footer and it's going to be delivered this year and it'll be in the bahamas oh it'll be in the bahamas yeah why can't you say do some bad because where's bank account i wish no it's it's because um it's close i can get there fast from miami why not miami my miami's yeah but it's uh you know when you register your boats in the United States, they kind of screw you over. It's different things. I don't even know. I think mine's Marshall Islands.

But it's going to be in the Bahamas because we're opening up a thing called Silent Resorts in the Bahamas. A full solar powered resort. There'll be generators in case. And we'll have our electric yachts there. So a be generators in case, and we'll have our electric yachts there. So a person

could buy in, get a membership, and they can stay there. They can use the yachts and do all that kind of stuff and go all over the Bahamas. Incredible. And the Bahamas has so many great coves, and it's beautiful, and it's easy. It's a very sought after charter place, and we'll be doing some charters too. Oh, nice. Wow. So it's fun.

It's just another kind of hobby it's just fun so how often are you working now because you seem like you're chilling everything's a hobby revolution is not a hobby don't mention work it's a hobby revolution is work yeah the other stuff's hobby and fun stuff but the revolutionsolutions work. And I work typically Monday through half day Thursday. And then I try to take Fridays off. That's why I'm here Friday. Perfect. And I try to spend more time with family and grandkids and kids and all those kinds of things.

I do that. Trying to enjoy life a little bit more. How important is health to you? Because you look pretty healthy. Oh, dude, I'm crazy about health. I got some fun stuff. We got a couple of minutes, right? Yeah, yeah, yeah.

I got some fun stuff. So, you know, as you start to make money and you get a little bit older, you want to live. I mean, you don't want to die. Yeah, yeah, right. You know, like. So you don't want to die. I don't want to die. Hell no.

I'm going to live to be 200, damn it. Right, right. But it's, so you know that it's inevitable because, you know, nobody gets out alive. But the idea is, can you live a long-term longevity with health and be able to move and walk and fun and travel and do all the fun stuff you want to do at 90? Can you get out and do that that i want to do that so um i uh i i do a blood work every 90 days and uh now i work out six days a week worked out before i came here and i do it's nothing i don't work out heavy weights or anything like that it's it's um i moderate i like light

moderate weights um because longevity when you read about it moderation is way better it is way better than going you know this heavy bodybuilder stuff. Yeah. It's less stress on the joints. And then, and I do hit training, which is a high intensity where I do get my heart rate to 80, 90% of my maximum. And I'll do that for, for about 15, 20 minutes, four times a week. Um, and then recently, this is really cool. I just bought this thing called, uh, a whole cat H O C A T T It's a HOCAT pod that you set in and it's got steam and it's got ozone and it's got electromagnetic pulse and far infrared and lights and pure oxygen. All at the same time?

All, you just set in this thing with your head sticking out of it. It's the craziest thing. If you look at it, it's the craziest thing on earth. You set in this thing, your head sticks out and you set in it for about 30 minutes and then, and and it is amazing health benefits for you wow and then um i looked into and i got told about the this thing called the hyperbaric chamber have you ever heard of it yeah i think we are we mentioned that yeah it's hyperbaric chambers it's a it's a tube um mine is a is a tube made by a company back east and they just delivered it two weeks ago and you get in it and it pressurizes. So you breathe pretty much pure oxygen but it pressurizes and it shrinks the oxygen molecules so that it goes into the blood vessels and into the

blood and into your muscles and heals you. So like when you work out, you can actually get about a 30% better workout just from doing this pure oxygen and doing it so now i do uh my uh my whole cat about three to four days a week in a hyperbaric chamber three to four days a week wow just get in lay there and play there for an hour and a half at his house tomorrow yeah how much was the whole cut yeah both of those things both of those things are about 50 a piece but now you can get by the way you guys could get a hyperbaric chamber put it right in this little uh you know your studios you got here you can put it right over there and you can do it for about 10 12 grand it just it just isn't going

to be able to go to two atmospheres it'll be a little bit less two atmospheres okay yeah so you'd be able to go to one yeah how much was it yeah you know not like not like a car or something but cars are 50 but yeah cars are 50, but yeah. Cars are about 50. Yeah. Yeah. Not mine. Well, what do you, what are you driving now? It depends on the day. So I, I have a day. I changed. So what, what does Monday look like? Monday will typically be either the Bentley or or the tesla uh plaid okay two x uh so the bentley's flying spur okay and then and then i got the the the tesla uh plaid on tuesday that's tuesday tuesday and then i i drove over here i drove my lucid the lucid air dream that's another i like those

very cool car so that's so that's wednesday yeah and then on thursday i'll drive yesterday i actually drove my i have the the Ford Lightning electric truck. Okay. And then I also have the Lamborghini Huracan and the Corvette. And that's Friday. Yeah. That's the weekend car. That just goes in.

Yeah. I drove my weekend car today, too. Yeah. Did you? Yeah. The coupe outside. The gray and lime green one. Yeah.

Yeah. That's mine. Yeah. That's great. Perfect. Yeah. Is there a limit of money for you like do you think you're content right now or do you think oh there's more i mean i know i do it for fun now

make money for fun yeah because you know there's get to a point and i think i'm super conservative about saving money so i think that um too many people to spend spend spend and they get in debt and they kill them. That is the number one biggest problem. That's what I would tell your young viewers. Get out of debt. Get out of debt. Stay out of debt.

Debt's bull. That will wipe you out. That's the number one worst thing you can do. But there's good debt, though. I don't know what's good debt. Well, I mean, considering if you want to leverage the bank's money. A lot of people say that. Put it in the cash flow business. Yeah, you can do that.

But here's what happened. So, like, let's say in 2008, you might remember here in Vegas, we had a crash. Crash. And properties crashed. Right. And there were a lot of people that were leveraged. What they had done is use the bank's money to buy more property. Right.

And they were making money. And then when the hit happened and everything went down, so many of them went bankrupt. There was no pivot. Yeah. And see, me, I own everything free and clear. They didn't meet. If I have an office building, I pay cash.

If I have a car, I pay cash. I don't leverage or borrow money because a lot of people are going to disagree with me, and it's okay. But for me, I don't want anybody to ever be able to take it away because something bad happens. So everything's owned free and clear. If I want to sell it, I can sell it. If I want to hold it, if the market tanks, great. I'll just sit there and hold on to it because I own it. I mean, I'm fine with it. As long as you own it, it can never be taken away from you. So a lot of people use that to, to build their future. And by the way, I

borrowed money to buy my home by the way, I borrowed money to buy homes and I borrowed money to buy buildings, but then I focus and pay them off like fast, quick. So I think that if you look at the stress in families and the way things are, debt is the number one, divorce, stress, you name it, debt's going to cause that. So credit cards, get rid of them, get out of them, pay them off. There's all kinds of ways to do it. You know, you just, you have a good, and don't do this thing where you have five debts

and you pay a little bit more to each one. You'll never get out of debt. Pick one, pay it off, take all that money, go to the next one, pay it off, all that money. And that's, I help people do that. And you just get out of debt. And what happens when you get out of debt, you get all this money. Now you have the ability to do some really, really cool things because you got money. You know, you

can, you, if, if it's time to replace your car, you have the money to replace your car because you're not in debt to somebody else. You got to realize what debt is. Most people don't know this. You're giving away your future income. You haven't even earned yet. So you're giving away money you've never even earned to a company they're they're not stupid there's a reason why they they have credit cards and things because they want your future money they want all your money if they get it you know so the last question is how important is money um you know money money makes your life better doesn't make you better. What I mean by that is it gives you the ability to do some things in life that you wouldn't be able to do.

I mean, I can do some things now and have in life that I would never have been able to do if I didn't have it. So I'm very cautious about telling somebody to be just focused on money. Though I think that it does open up the world to you. It opens up the ability to do some really cool stuff, drive some cool cars, have some fun, fun times and do some fun things. But it doesn't define you as a person. And it should never be the root of your happiness. You know, yeah, I have a lot of young people that ask me all the time. They say, Mark, you know, I want to do what I love. I want to do what I really love to do. And here's what I say. That's stupid. Don't do what you love if it doesn't make any money. Find something that makes money and then do what you love as a hobby. You know, but because you got to make money. I mean,

it's no fun to be in debt. It's no fun to live paycheck to paycheck. It's no fun to go to the grocery store and go, God, everything's so expensive, but it's more, way more fun to go in and say, okay, I'll do this, this. And then you do like, like I do, I'm doing these fun things on the side that I really love. And, and, but I really love my business, the revolution. I really love what I do. I love that business. So you can find what you love that makes money. But I think that people have to be a little bit cautious, get out there and make some money. You have to survive. You have to make a living and, and find something that, that you like to do and then do your hobbies, you know, make, have your hobbies be fun a little bit later in life.

Absolutely. That's just my take. Nice. Mark. It's been a blast that went by quick yeah that was fast wasn't it yeah yeah that was intense any closing comments for the viewers that was the closing comment that's it i think that's it i'm good i'm happy just happy to be here glad we got a chance to i got a chance to meet you guys and uh you know if you ever want me to come back i live 10 minutes oh we'll do a part two for sure at the crib yeah oh let's do it there let's bring over the cameras we'll do it right we're gonna do a part two at the camp wayne thank you guys for watching the digital social hour and make sure you follow me on instagram at the creator see you guys next time peace

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