Digital Social Hour - Jack Selby On Favorite Podcast Guest, Traveling 100 Miles for Tinder Date & Being Sober | DSH #162

Episode Date: November 20, 2023

On today's episode of the Digital Social Hour, Jack Selby reveals his favorite podcast guest, traveling 100 miles for a Tinder date and why he doesn't do drugs. BUSINESS INQUIRIES/SPONSORS: [e-mail] APPLY TO BE ON THE POD: https://forms.gle/qXvENTeurx7Xn8Ci9 SPONSORS: Opus Pro: https://www.opus.pro/?via=DSH HelloFresh: https://www.hellofresh.com/50dsh Deposyt Payment Processing: https://www.deposyt.com/seankelly 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

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100 miles for a Tinder date. Is this true? I did. Yeah. No way. Yeah. So the total distance traveled was about 150 miles. Jesus. Yeah. Hitchhiking is dangerous, man. It was horrifying. Yeah. It was so scary. first time i came to vegas i ate an edible right my friend's like you want to go to a magic show i'm like yeah like little did i know it's chris angel so it's a super dark room you walk in there's crows flying everywhere and it's pitch black so imagine that's the best thing to have by the way so imagine walking into that and you're late so everyone's already in their seats so now you have 500 people staring at you i didn't make it to my seat you didn't make it to your seat no so i collapsed got to my room

threw up everywhere called my girlfriend told her i'm dying Welcome to the Digital Social Hour. I'm your host, Sean Kelly. Here with a great guest today, Jack Selby. How's it going? Good, man. Thank you so much for having me. I appreciate it. Absolutely, man.

What you been up to? Up to today, man. I just woke up, went to the gym, went home, showered, shaved my neck just for this, trimmed my beard. Nice. Yeah. And now I'm here. It's a good start to the day, man. Fantastic start. Do you do that every day, gym in the morning?

I try to hit the gym every single morning. I just notice myself feeling a lot better throughout the rest of the day and I sleep better. So then it sets me up really well for the following day. Yeah. Yeah, I hit the gym probably 85% of the days. Okay. Yeah. Nice. Man, I met you through Nate O'Brien about a year ago. Shout out to Nate. Yeah, Yeah. I hit the gym probably 85% of the days. Okay. Yeah. Nice, man. I met you through

Nate O'Brien about a year ago. Shout out to Nate. Yeah. Yeah. What you've been working on since I see the podcast taken off. Uh, yeah, the podcast mostly. So I was a year ago, I was doing a lot of other stuff. So I was managing the Graham Stephan show, which is the second channel that Graham has. It's like reactionary content. Graham Stephan is the other business partner that I have in the whole entertainment, I guess, business that I'm in. And I was managing that. And I was also doing like a mentorship group and I was doing all this other stuff. And then I dropped all of the auxiliary work that I had just to focus solely on the podcast. So I would say in the past year, I've just kind of honed my craft on the podcast. That was the focus. Yeah. And talk to me about what actually goes into a podcast

because people just watch it, but they don't see the behind the scenes work. Oh man, a lot. So primarily I would say guest selection is very crucial for the podcast. So you have to make sure, we have three criterias on the Ice Coffee Hour. One is, do they have a following?

Do they have business accolades? Like have they done impressive things that they can share so our viewers can hopefully learn? The final one is, do they have a podcast orades? Like have they done impressive things that they can share so our viewers can hopefully learn? The final one is do they have a podcast or have they been on a podcast? Because speaking in an entertaining way is kind of a skill that you can only really be taught through repetitions.

So we look to see if they've been on episodes and how good their speaking is. Absolutely, because there's some people with insane stories but they can't articulate it. We've had that before on News Coffee, and we've ditched episodes before, honestly, because there's some people with insane stories, but they can't articulate it. We've had that before on News Coffee Hour. And we've ditched episodes before, honestly, because they were incredible people with the craziest stories, but they just can't relay their message in a really entertaining way. Yeah, you need repetition.

Because I remember my first few pods, I wasn't good, honestly. I don't think anyone is their first few. Oh, certainly not. No, it was horrible. It was god awful when I first started on the podcast. So I relate to that. No, I literally cringe when I watch my old episodes. It's certainly not. No, it was horrible. God awful when I first started on the podcast. So I relate to that. Yeah, no, I literally cringe when I watch my old episodes.

It's that bad. Yeah, dude. I'm even, I'm not gonna lie. I'm nervous going on other people's podcasts because usually it's me asking the questions. So asking questions is very easy for me. I'm very comfortable doing it, but answering them,

it's like also a different skill. It is. To be completely honest. No, it definitely is. It's honestly harder to answer for me. Yeah. You gotta come up with stuff on the spot almost. Yeah, I would agree with that. I would agree. Asking questions a little bit easier, but it's fun to answer them. It's fun to be here. So I would say

that is it would be the guest selection. Another one is obviously post-production is usually kind of challenging. We heavily edit our podcasts. So we actually like remove segments. And a lot of the times it's kind of like putting together a puzzle. So maybe there's a segment that doesn't make contextual sense where it lands on the timeline and we'll grab it and then move it to a different section of the podcast to try to make it flow better. And it'll seamlessly, like there'll be a section we talk about this and just snag it, move it to the end, move it to the beginning, wherever it, I would say, makes the podcast flow the best and be the most entertaining. Wow. That's interesting. Cause I've seen a lot of your episodes and I've never noticed any. Yeah. Oh, we do that a lot. Wow. Yeah. I thought it

was just one take. No, no. We take editing really seriously on this coffee or extremely serious. And are you doing it yourself? No, I have an editor. Shout out to Andrew. Thank you for doing the great editing, that work that you do. And I'll try to review them, but I do now trust Andrew very much because he's been doing it for like two years and I've known him for like 10. So he knows kind of what we want in and what we want out. Nice. And how did you even meet Graham in the first place? I met Graham in the first place because I was a huge fan of his channel. So I was, I grew up interested in finance and entrepreneurship and stuff like that. And I just naturally found his content.

Absolutely loved it. Got my first credit card because of him. And from there, I just emailed him over and over and over again, basically begging him, hey, can I do anything for you? I can provide value in any way. Don't have a lot of skill, but I'm more motivated than anyone else you'll ever meet. Wow. And so finally, after like the seventh or eighth email, he got back to me.

He's like, all right, let's try this out. Interesting. Yeah. So I got a little bit of work. Didn't get paid for it. Just grinded it out. Worked extremely hard. And I was basically just data scraping through a Facebook group that he managed and banged out the work.

And he was impressed that I did it in such a short time span. And then from there, just got more and more work. And then finally to the point of like, you know, dropping out of college, starting the podcast, and here I am. Wow. Now, there's probably hundreds of people begging him for work. So what do you think made you in particular stand out from the rest? I mean, a lot of it was timing. Like, you can't deny the fact that there's a lot of luck in the equation. But I also think he noticed that I had sent several emails over several months. So it wasn't just like one spurt of motivation. It was like, yo, like I'm serious about this.

It's not just like that I wanna be in the industry, but I wanna be with you. I like you. And I really was in line with his mission, like spreading financial literacy. And he noticed that through the text. And I was very, I try to be very thorough. I was honestly looking back, it's kind of cringe.

Like I was like nearly begging him, like, yo, can I please do anything for you? uh but yeah like i think it was just the consistency uh the length of time that i was reaching out and also the length of the text that i was sending it was pretty pretty long nice yeah now you guys have been able to interview some amazing people are there any that stand out to you that really shifted your perspective on anything so many i would say the tom billiou episode shifted my perspective a lot i would say the Tom Bilyeu episode shifted my perspective a lot. I would say the Hormozy one, the first time we had Alex Hormozy on, that shifted my perspective. We had Jeanette McCurdy on and she was teaching me about, or teaching us about like how rough it is to grow up a child actor. When I was a kid, you know,

you watch iCarly and you're like, oh, these kids, they seem to have it made for them. Like, it sounds awesome. You just walk into the studio, you rehearse some lines, and then basically you're famous. And it sounds like all amazing, sunshine and rainbows, as they say, but actually extremely challenging. And putting those kids through that at such a young age, especially sometimes if it's against their will, not a very good thing. So. Yeah. A lot of those child actors, man, they go down a dark path after they're done yeah it's sad to see and it's like everyone's idol growing up i mean you watch those shows and you idolize like jeanette mccurdy and you idolize you know drake bell josh peck

and then sometimes i mean it just screws with their head like that fame and the money and the recognition it just i think it's healthy it's probably too early of an age to be that famous and they just can't handle it. Absolutely. Yeah. What do you learn from Hormozy? Hormozy? So I like one quote that he said, which is, how do I phrase this in an effective way? He says, you cannot say, I will be happy or something like that.

Or you can't want things because just by virtue of wanting something, I want a million dollars. I want this. You're implying that there's a dissonance between where you're at right now and what you need to achieve in order to be fulfilled or happy. So I like that. And I try to eliminate the amount of wants that I have in my life because I recognize the fact that anytime I want something,

I'm kind of becoming a bit of a slave to it. I just worship it and do everything that I can to achieve it. And I'm creating a implicit dissonance between where I'm at now and what I need to be happy, which I think is just mentally unhealthy. Wow. So you don't say I want anymore. You say. I try not to.

I mean, obviously there are things I want. Yeah. And I can't help just the natural, you know, phrase. I want this. You know, I want the snapper. you know, like I want the steak or whatever when I'm out at a restaurant. But I try not to want things in general. Interesting.

Yeah, that's a good mindset shift to have, I think. What about Tom Bilyeu? What did you learn from him? Tom Bilyeu was interesting, man. A lot of relationship advice. A lot of relationship advice. There was one thing that he said that is kind of a hard thing to I would say not only contextualize but also to articulate yeah which was a lot of divorces happen

after 25 years and the reason why divorce has happened after 25 years is not what you think a lot of people think it's because the kids 18 and they grow up and they move out of the house and that was kind of keeping the parents together but it's actually because 25 years is about the amount of time where in the beginning of a relationship, two people are very aligned with interests, with values, with who they are. You seem to know them very well. And then after, year after year, as you grow older and mature and go down your own path, you get confirmation bias, survivorship bias, all of these cognitive biases that kind of turn you into a little bit of a different person. And let's say you have this cognitive bias that brings you 1% of an angle off kilter in this one degree. And your husband has one that brings you off in this degree,

confirmation bias after confirmation bias after confirmation bias, and your own priorities that you don't vocalize to your partner will turn you into a completely different person 25 years down the line. Whoa. So you just get get farther apart you really have to accurately and effectively communicate how you feel with open and honest dialogue with your partner throughout the entire way and it's such a cliche that like oh you know communication is the most important in a healthy relationship but it's a cliche for a reason because it's effective wow that's interesting i like tom but his his take on six was was pretty interesting what was his take on i don't remember so he structures his um on the weekends only

so he doesn't have during the week and i thought that was a bit too like structured like is something that you know should just come up right yeah hey look whatever floats your boat that's kind of my logic when it comes to most things like you know if that works out for their relationship sure the one thing i don't like is when people see what works for them and then just like spreads it like a philosophy like hey guys this will fix your life right you exclude just to the weekends fix your relationship that's the stuff i don't like i don't know if he's like preaching that as though it's going to fix everyone no i don't think he's a preacher but he just said it on a on a show and i was like interesting yeah i just i don't like I don't know if he's like preaching that as though it's gonna fix everyone I don't think she's a preacher, but he just said it on a show and I was like interesting Yeah, I just I don't know about teach their own and it's kind of weird because like, you know, honey, it's Friday

She's like What about Dave Ramsey, I mean you guys had him on he's got the biggest business podcast in the world right now crushing it Yeah, Dave Ramsey. Oh my gosh. Super wise. Obviously he's been investing and successful as a business person for, I don't even know, 50 years or however long. I have no idea how old he is. I'm so sorry, Dave. But he's wildly successful. So learned a lot about actually anti-debt philosophy, which I've always been very pro-debt. But I would say after that podcast, there's some different philosophical stuff and psychological stuff that happens when you have debt that impairs your judgment to make not very

clear decisions in other areas of life. That was his message. So it's not actually about the debt itself because obviously if you crunch the numbers and you have a low interest rate on your debt, you're like, oh, this actually makes financial sense. But it's actually the subconscious stuff that it could do to cloud your judgment when it comes to other decisions in your life that has the negative impact. Interesting. So you found some middle ground with him, even though you have a. Yeah, I really did. And I wasn't expecting that because we are so wildly different when it comes to, you know, opinions on debt. But definitely opened my eyes, I would say. Interesting. Now, I saw one of your YouTube videos

We want you walked a hundred miles for a tinder day. Is this true? I did yeah, yeah, actually I will say this It turned out to be like 96. That's still a lot dude. It was a lot and I also hitchhiked 50 So the total total distance traveled. I'm gonna say this again. So the total distance traveled was about 150 miles Jesus yeah hitchhiking is dangerous, man. It was horrifying. It was so scary. I did not expect it to be so scary. It is, man. I was with my partner and he had hitchhiked previously in Southeast Asia and other places that definitely are a lot less safe than Nevada and Utah. So he was very confident about it, but I was so nervous. I mean, we were out there just like with our thumbs up for,

I don't know what it was, like probably seven hours. Hours, yeah, and it was hot too. And then finally this guy pulls over and dude, this is so bad. He's all, yeah, yeah, I'll take you 20 miles, just like 20 bucks is cool. And I'm like, all right, sick, yeah, sounds good. So I give him the money.

And then he pulls out, we go on the freeway, maybe it was like five miles down the road. He's like I got to get gas real quick I got cool and he's all can you get out of the car? I'm like, yeah, sure Why not? So I get out of the car he gets gas and he's like, hey I got a run an errand real quick Just have to drop something off at my friend's house down this dirt road and I'm like first of all sketchy Second of all don't really want you leaving cuz I already paid you. But I was like, sure, why not? I'm not really going to, you know, he also didn't look particularly safe.

I will say I did profile him as somebody that I would probably not let my kids be with. But he went off, never came back, obviously. And so then we got stuck at another place and then finally hitchhiked to the destination we needed. Was this before Uber existed? No, Uber certainly existed. It was about a year ago, but I felt like it was going to make better content. And also, hey, I'm in it for the experiences. Honestly, I was like, why not? I've never hitchhiked before. Obviously it's unsafe, but so are like everything else that we do in life. A lot of things are. I hear stories from

my dad of him hitchhiking across the country and back. And I'm like, the day i feel like it was safer yeah it must have been right because it was more socially acceptable so if you're someone that's going to pitch pick up a hitchhiker if everyone's hitchhiking back in the day it's like you're just a normal guy you know but now who is hitchhiking not necessarily people that like can't get from one area to another so then you got to think who's then picking up those hitchhikers so it's risky both ways though because i personally wouldn't want to pick up a hitchhiker and i might sound like a but like is it worth the risk to build a relationship with someone i don't know that well you know probably not probably not yeah i mean my mom has picked up a hitchhiker yeah she yeah but it was like two girls that

were like 16 and my mom's a kindergarten teacher so she like scolded them she was like what are you doing yeah do not do that yeah it was bad yeah um i saw you also don't do drugs and alcohol is that still the case i do do alcohol oh you started drinking yeah yeah i'm a big drinker now okay uh no i i do drink occasionally yeah uh i never i still don't like the taste yeah so i would say maybe it's once every two weeks okay or so yeah and i also i will say this I still don't like the taste. So I would say maybe it's once every two weeks or so. Yeah, and I also, I will say this confidently, I don't drink casually. If I'm gonna drink, I'm like going out, hopefully to a party or we're all hanging out as a house,

me and my housemates, and we'll drink, I would say a good amount, enough to certainly get drunk. And I know that this is stigmatized or whatever, but it's really fun. And I don't drink just like one or two beers if I'm going out to dinner or if I'm making a steak at home. I don't just like have a gin and something like that. I don't like the flavor. So if I do drink, the goal is to get kind of silly. You're going all out. Yeah. Or my buddy's hosting a barbecue and everyone's getting kind of tipsy. I'm like, yeah, let's play drinking game. Sure.

Why not? So have you blacked out yet? Yes. my gosh this is bad dude so when Graham and I were living in LA uh I would say that was probably my my most degenerate times during drinking and all that stuff uh because I had a guest unit all to myself I just lived there by myself he was in the main unit and I had a buddy his name's also Jack he would come from Ventura which is about an hour away and we would go out on occasion on these weekends. And that was when stuff got, uh, you know, like the Jack in the box runs at like 3 AM blacked out on lime scooters crashing. Yeah. Definitely not the highlight of my life, but I look back on it very fondly. Yeah. People always used to say they would black out in like high school and college when I used to drink and never happened to me. Honestly, you never blacked

out maybe like moments, but not like a whole night you know what i mean we're like six eight dude so i feel like it's kind of hard my metabolism is so fast like i could be drunk at dinner i'll take a breathalyzer this happened at carver the other night i drank two three drinks as i'm walking out i take a breathalyzer straight zeros yeah like i i just sober up quick yeah i feel like that's a that's a double-edged sword you know it is because i can't have sustained periods, like I gotta keep pounding. Yeah.

Yeah, but the flavor, man, it's just gross. Flavor sucks. Yeah, you know what, I have a theory. People that say, this is me just being ignorant probably, people that say they like drinking, I'm gonna say about 85% of them actually don't like the flavor. For sure.

They just like the feeling of getting drunk or they like the idea of drinking with their friends. Yeah. Yeah. I've never told this story I'm gonna say so I first time I came to Vegas. I ate an edible, right? Mm-hmm. It was just became legalized. This was like eight years ago. I So the day before I ate 10 MGS, which is a good amount felt fine. That's a ton It's it's a yeah, I was smoking a lot back then though. Okay, so I was like, I'm a double it the next day

Eat 20 MGS. Mm-hmm. My friends like you want to go to a magic show? I'm like, yeah, like, you know rabbits pulling out of hats like little did I know is Criss Angel Hmm, which is like us have you been to a Chris? I have not know so it's a super dark room you walk in There's crows flying everywhere and it's pitch black So imagine that's the best thing to have by the way when you're like high out of your mind i can imagine that's horrifying so imagine walking into that and you're late so everyone's already in their seats so now you have 500 people staring at you i didn't make it to my seat you didn't make it to your seat you just turn around i had a full-on

panic attack collapsed to the floor i had to crawl to my hotel room oh you crawl man come on it was terrible because you know have you had a panic attack i mean i've i've certainly panicked before yeah i don't know if i've had a panic attack panic attack you collapse okay i've never collapsed so i collapsed got to my room threw up everywhere called my girlfriend told her i'm dying it was the worst experience ever yeah and when you're like under the influence of something and you can't tell between what is real and what isn't and you start breathing and you're like am I Breathing out of normal cadence and you start questioning everything Worst worst thing ever and that's what I experienced when I took the edible cuz I think it's gonna last forever

And you just don't know your impairment is Convincing you of things that are just flat out lies yeah and i know it's easy when you're sober to be like well obviously you're safe you're just breathing and if you hold your breath you can't die from suffocation above water you're just gonna hold your breath knock out and start breathing again yeah uh but i was scared of even just like my normal breathing yeah you know no you get in your own head man yeah i don't recommend edibles to anyone yeah same i saw you bought a house at 22 years old. I think I was 20.

Yeah, I was 22. That's impressive. Most people are in debt at that age. How did you pull that off? Well, I would say just like saving a lot. Obviously, I had a stronger income, I would say, than the average 22-year-old in order to buy a house. Also, didn't have any college debt

because I was at like community college for a little bit. And then the one year I was at UCSB, I will say my parents covered it. So thank you very much to my parents. Still wasn't horribly expensive. I think it was maybe like 15K or something like that, maybe 20. And yeah, I would just say being really frugal. I've never really had expensive taste. Like I think you do, right? You spend money on some things. With certain things, with a watch. Not with cars but you do drive a Tesla I do drive a Tesla vacations I'll ball out I used to be a cheapo on vacations but that's not really a good mix yeah you don't want to cheap out while you're trying to enjoy yourself okay so what's like a cheap vacation you went on I used to go on

like Cancun trips and I try to spend like a thousand bucks okay I mean that's probably how much I spent in Mexico. I was in Puerto Vallarta like two months ago Okay, but now I get the best hotel even though I probably shouldn't be I'll spend five ten K on a five ten K Yeah, like an all-inclusive resort adults only all you could drink all you could eat But when you're traveling are you looking for leisure? Are you looking to experience the culture of like the the people that live there? Mmm? See I want wanna do that, but in Mexico it's tough because it's kind of dangerous.

It can be a little unsafe. Yeah, so for that one I didn't, but I do like to travel and have a local with me usually. Like in Greece, beautiful, went with my mom was dating a Greek guy at the time. Best vacation ever. That makes sense. And what type of watch did you buy?

What type of watch? I have five. You have five watches? Yeah. Okay, so like what? most expensive one is the richard or not richard uh automars okay i got a rose gold how much is that i spent 132 132 grand yeah but the thing with watches is they hold their value and if you wear them to certain events it opens up a lot of doors people will talk to you just because of the watch. Yeah. Yeah, I see that. I don't know. I've never personally,

but I also am around content creators a lot more. Like those are the people I generally network with and they have no idea usually when it comes to watches. So I guess maybe if I was going to like more of an entrepreneur meetup, a watch could do me some justice. Yeah, content creators don't be flexing watches now that you said that. Not really.

I'm trying to think of anyone that, yeah, I can't think of anyone. Yeah, not really. Even Graham doesn't have one,'t have one right i mean well he has a calatrava and he also has he has a rolex that he got gifted yeah and he has a zenith el primero okay so i think yeah two actually you bought one of rolex right i did i bought a rolex submariner yeah a single tone black and i got gifted actually a watch from liver King so he gave me a Rolex Submariner she tone is like stainless and gold yeah probably around there and you don't wear it out really man why here's the thing man to

be to be completely honest I just don't like the idea of flexing and I know maybe it's not a flex to wear a watch but a lot of people think it is and I just I don't know I don't really like flexing if I know maybe it's not a flex to wear a watch, but a lot of people think it is. And I just, I don't know. I don't really like flexing. If I wear the watch, it's usually I'm at my house. I'm like home, especially if I'm going out and I'm gonna have any drinks, I'm definitely not gonna wear the watches.

I feel that. But I will wear it around my home on occasion or if I'm going out with like some close friends. But if I'm going out to try to like impress people and I'm wearing a fancy watch or stuff like that, it's just not me. I feel that. Yeah, I don't wear it often, actually. I only wear it probably on five times a year.

But I stopped flexing because I posted $100,000 on my story once. $100,000 cash. I just did a big, I sold sports cards to a card shop and they paid me in cash. Next day, this was in LA, group of of 10 15 guys at my apartment just stalking me they were there for months trying to rob me stalking you yes every time i would walk my dog they would try to kidnap me you know for a fact they were there for you yes and you would just go to your apartment, 10 guys just following you. 10 guys, multiple cars, all wearing blue. It was a gang probably.

And it got to the point where I had to leave the whole apartment and move. What are they gonna do? Like, okay, they're just stalking you, right? Well, they're trying to see when I'm not home to rob me or they're trying to grab me and rob me. They broke into my car. So when I got in once it was

hot wired they tried to hot wire the whole thing and leave um i had my friend pull up and i wanted him to take all my valuable stuff so we're unloading all my stuff in his car we walk outside there's a guy on his knees writing down his license plate number so we're like oh my gosh now they're gonna follow him see at that point i would have just like posted like shout out x company for the fake 100 grand you guys make it like none other so from that day forward never posted cash never posted watches nothing valuable on my instagram i learned my lesson yeah that almost cost me my life so it's stupid to flex for and also the real people that you want to impress aren't going to be impressed by those material goods and a bunch of money and stuff like that.

They're impressed by other stuff. Yeah. No, I definitely agree. Is that how you always saw flexing? Or did you have an instance? My parents are very modest. So they never – like we never went on fancy vacations. They never had like nice cars or anything.

Now as they've grown older, they've gotten like fancier things, like my dad drives a Tesla, my mom drives a Tesla, stuff like that. But growing up, my dad was very, very against all that stuff, always remained extremely humble, never, we drove beater cars, I've had like seven cars, because they were all beaters,

not because my parents were like, oh, get you this car, get you this car. But because they were bad cars that would either break or like, you know, something would go wrong. Yeah, I had a Hyundai Elantra before the Tesla, but I like the Tesla, man, it's convenient. Yeah, I do too. The only thing is I make the commute

between Vegas and Ventura, which is just an hour north of LA, all the time. And I would have to fill up, I would have to charge. Yeah, the charging takes a while. That's the one downside. Yeah. You're there for like an hour. Right, so once they come out with a battery that could maybe do it in one trip, I would have to charge. Yeah, the charging takes a while. That's the one downside. Yeah. You're there for like an hour. Right.

So once they come out with a battery that could maybe do it in one trip, I would consider getting one. Yeah. But also my car right now, it's fine. What do you have right now? I have a 2005 Lexus RX 330. Yeah, got it from my grandma. Dude, you're wild because you're making a lot of money and you're driving that thing.

I'm living comfortably. Yeah, I would say so. It just doesn't matter to me. I don't know how to put it. I'm sure there are certain things in your life that don't matter to you does okay this is not me doing it does like grooming your face matter to you not too much i've taken it a bit more serious because of the podcast but i used to not really care right but why doesn't it because it just doesn't yeah right because it just doesn't there's no real way to explain it you just have no

interest in it right in the same way that i don't really have an interest in material goods. Like, you can ask me why it doesn't matter to me. I have no idea. You know? Why do some guys not care about their hair? Why? It just doesn't. You know?

Yeah. Why do some guys not care about going to the gym? It just doesn't. So, I don't know how to put it aside from it just doesn't matter to me. So, it seems like Graham's frugality has rubbed off on you a little bit. It's not even that. It's just like like growing up there were certain things I was okay it could also be this so growing up I was super fixated on a lot of stuff like I wanted iPod touch as soon as they came out and all my friends got iPod touches my parents wouldn't let me get one growing up I wanted a cell phone my parents wouldn't get me one all of my friends had that I wanted a PlayStation and PlayStation 3 it already came out. My parents wouldn't get me one. All of my friends had that. I wanted a PlayStation.

And PlayStation 3 had already came out. And my parents wouldn't get me a PlayStation 3. And then finally I saved up like 160 bucks. And I'm like, can I get a PlayStation 3? They're like, no. I'm like, okay, I'm just gonna go get a PlayStation 2. They're like, okay, that's all right. Like we can vibe with the PlayStation 2.

I'm like, that doesn't even make sense, but sure, I'll go get a PlayStation 2. So I got a PlayStation 2 after the 3 had came out and all my friends were on PlayStation 3. Then finally get a PlayStation 3, I'm go get a PlayStation 2. So I got a PlayStation 2 after the 3 had came out and all my friends were on PlayStation 3. Then I finally get a PlayStation 3. I'm getting to it. And our house gets robbed. Whoa.

And all of our stuff gets taken away. I lose my PlayStation 3. I lose a lot of the stuff that I wanted so badly for such a long time. It makes me upset, obviously, because I was 12 when that happened, maybe 13. And it made me realize a little bit it planted the seed in my brain that like material goods are transient right they come and they go they're not going to be around forever so you shouldn't base your happiness off of something that will leave you one day and then obviously we acquired all the stuff back

eventually not from the actual people that stole it from us, but we got a little bit of insurance money. I think you're like a couple grand. Yeah. And eventually, over the course of the next six or so years, I collected back to being where I was. Then when I was 19, I was in community college at the time living with my parents and the house burned down. So the California wildfires, they came and they just, I don't know, eviscerated all of the houses in our neighborhood. 550 homes were burned down in the Thomas fire. Ours was one of them. Didn't save anything. Did save my baseball cards

and the clothes on my back, obviously. Did you guys know it was coming or it just hit? Not really. I remember I was with my girlfriend at the time that night and uh and I saw a glow in the air uh or in the sky it was just glowing orange a little bit dropped her off at her house came back the glowing was a little bit more prominent and I saw some stuff floating through the sky turns out it was ash didn't know what it was at the time I thought it was just some weird wind stuff yeah and I told my parents I'm like hey just letting you know like the sky is glowing a little bit and then I get a call from my buddy Jack, who's our neighbor, and he's like,

"'Hey, there's a fire in Santa Paula, "'which is, I don't know, kind of near LA area, "'and it's coming our way. "'So just letting you know, "'you should probably pack up your stuff and leave.'" And I was like, ah, it's not a threat, we're gonna be fine. I tell my parents this, and they're like, "'Yeah, we're fine.'"

I'm like, okay, sick. And then 40 minutes passes, the orange glow gets deeper and deeper orange and then all of a sudden the sky is nearly all orange and then we get a knock on our door our neighbor down uh down the street is a fireman and he's like hey guys you should probably get out of here it's actually getting pretty serious we're leaving right now i'm like no it should be okay it should be okay and then all of a sudden like the fire becomes a real threat because police are driving through

the neighborhood with bullhorns and like saying, this is an emergency evacuation. You guys better get out of here. So then we grabbed a couple of things. I got the house fish. We got some, our tortoises out of the fire. We got our dog and left the house, came back and it was all gone. That's crazy and then that also kind of like reinforced that idea that was planted in me from getting robbed at a young age that like stuff comes and

goes and obviously i was a little bit unlucky to lose everything twice yeah but it definitely you can find the silver lining in anything that you know has been traumatic i think that any trauma could be a blessing in disguise if you want it to be yeah it's all how you interpret it right some people would that would happen to them and they would just get destroyed right yeah but the thing is like you're gonna just put yourself through more pain yeah if you allow yourself to to see the negatives in it you're just like creating a little box that you put yourself in where pain is just constantly being bounced and thrown at you in every direction. It's like, just accept what happened and move on,

find the silver lining, learn a lesson from it. Maybe, Hey, maybe we should get better fire insurance. That's a good lesson. Did you have fire insurance? Uh, we did. It wasn't that great, unfortunately, but, uh, we were able to rebuild on the same property. Okay. Yeah. Nice. So, and also the old house, house uh that burned down was built in the 60s so it was kind of old uh not super nice like the countertops were old and all that stuff so yeah it's another try to find a silver lining in that nice so if you're not into material things you're going to be making millions of dollars over the next few years what do you plan on spending your money on uh what do i plan on spending my money on? Well, that's a good question, man. I would say vacations.

I'm not very frugal when it comes to vacations. I didn't spend much on the Mexico trip just because I didn't really need to. What else do I like spending money on? Food. I would say I don't really have a food budget. The ribeye doesn't have to be on sale for me to buy it at the grocery store. I don't know. I do want to hit a certain net worth goal. And I know

this kind of goes against the philosophy I was just explaining of like 2 million bucks. Not there yet. But once I do hit that, I think that you could comfortably not worry about money if you're making passive income off of 2 million bucks, about 80K a year with a 4% withdrawal rate. Interesting. Because I've heard that number. People have different opinions, but it seems that's on the lower end. Certainly people yeah and growing up it was four million dollars was what I wanted because that's I mean that would be 160 K a year right at a four percent withdrawal rate which is the metric that people use basically I mean how much you could have that amount forever based off

of it growing and then you taking a certain percentage of that it was four million and then I don't know. I think like I've became more and more immaterial. So as time has gone on, so the number has shrank, which is very atypical as well, because generally speaking, when you get closer to the number, it continues expanding. Right. But I would say it's also like my own personal philosophy that has changed and evolved that is, you know, brought that number down. So you think you could live off 80K a year comfortably? I would always want to be working.

So it doesn't mean that I would just be foot just slammed down on the brake and just like, all right, I'm not working anymore. But just not necessarily my freedoms and time restricted and me doing things I don't necessarily want to be doing for the sake of money. Right. Trading your time for money. Yeah. Well, I also, I try not to do that because just as a business person and an entrepreneur,

you never want to be trading your time for money. You want to get, you know, three output from one input. So I try not to trade my time for money as a general rule of thumb. But I don't want to be doing things that I'm doing now to save money, to get to that amount. Yeah, that makes sense. Jack, it's been a pleasure, man. Where can people find out more about you? Where can people find more about me?

The iced coffee hour, I suppose. Yeah. All right. Check out the iced coffee hour, guys. Thanks for watching. I'll see you guys next time.