Escaping the Drift with John Gafford - So I Bought a Private Jet EP 33

Episode Date: January 12, 2022

The Power Move Episode 33Learn and burn Entrepreneurship from serial entrepreneur John Gafford and his band of mayhem makers. From stripper poles to the oval office, business lessons are everywhere. This Week:John bought a private jet and why you may want to look into it as wellA terrible piece of advice from Grant CardoneHow to leave a voicemail the gets call backsan much much more.With Chris Connell and Colt Amidan

from the art of the deal to keeping it real live from the simply vegas studios it's the power move with john gafford oh my god we're back again after the long hiatus of uh yeah i I mean, I'm sure, look, some of you guys probably thought you were never going to see us again. I mean. I felt like somebody wasn't going to see me again for a while. Honestly, well, let's face it. Some people probably hope that they'll never see us again. It's just kind of what they're going to do.

Then I come back with this killer turtleneck. I know. No one has a complimented me today. You come. I was going to say you look like Archer. He does look like Archer. Well, welcome to the Power Move. My name is John Gafford.

I am your host. To my left, as always, Colt Scrotum Neck. I'm just kidding. How are you going? Coming in hot. Coming in hot. Am I dead? Floor, what is it?

What's the COVID and the flu? No. COVID? I don't know. Who knows what it is? We're going to get into that because you had all of it apparently while we were gone and as always chris connell esquire counselor how are you how are you guys doing good good good good so i mean obviously we've been gone now for what seems like forever because it was like hey let's let you know the holidays are here let's uh let's wisely spend

time with the family and uh we're just going to take a little break through the holidays and then bad moves spending time yeah well maybe maybe your maybe your family your family comes on but then of course the plague hits and uh and wipes literally everybody out i was lucky enough so far knock on wood to not get the plague i know counselor you've not gotten it either at this point i'm aware of not that you're aware of but then there was colt let's be nice guys and there's colt so colt you got the flu and the vid at the same time the flu i tell you what it i knew it wasn't good when i had a migraine for two days straight and then i woke up the next day and i'm like shivering and fever and it was bad and then I went to the um urgent care and they tested everybody and said go home go home and they wouldn't let me go home and I thought uh okay what's going on are you safer in the urgent care

I mean with a vet at home are you where are you safer for sure urgent care at least they talked to me my wife was so pissed off at me. We had such a – Because we're out of town, right? Well, I'm out of town. I'm stuck up in Utah. It's beautiful. Snowing. It's beautiful looking.

But we got quarantined up there, and she was not happy at all with me. Like, I did it on purpose. Was she going to be mad that you actually got it from your next-door neighbor? Well, no. If it was chlamydia, she'd be mad about that. That's how it go but no i just i kept sending me text messages like a vet's mad at me because i'm threw up too loud oh middle of night she yelled at me i'm sitting there with a migraine thrown up ready

like damn near in tears like it was bad i mean the consideration have some consideration yeah it hit me bad for five days of really bad really bad and you know my business partner scott also probably should have been in a hospital but uh yeah my wife's like mad that i'm throwing up and crying at the same time can we talk about scott for a minute because i think scott scott is a cautionary tale of this okay listen if you've not had the vid if you if you haven't had the vid do some research as to what like you need to know as far as going on with the vid when you get it like your oxygen levels and those sorts of things because your scott is sick as he can be i mean down and out like hard down and out and gidget is like what's your oxygen he's like how do you i don't know what are you how do you figure that out what's that i don't know like i mean look here's the deal

spend the ten dollars get the pulse thing i got one of my flight bag yeah okay there you go so as a pilot yeah yeah you have to know because is that a pilot flex recreational pilots when you get when you get carbon dioxide poisoning, you want it. And one way to kind of find out is you have a pulse oximeter in your light bag. But I think part of it was Scott just had no idea about anything. Andy lives by himself. It doesn't have to be all, gosh, yeah. No, Gidget was going to send out the troops after him. No, if you haven't had COVID, like, look, you need to get this little thing.

It's called a pulse oximeter. It tells you how much oxygen you have if you get below what is it they said 89 or 88 i think you're dead by that point oh no 88 no i think 88 is the 89 i was i was like i was 89 90 yeah they say 88 i think is the number to go to the hospital yeah but spend the 10 bucks now get this if you haven't gotten this you're probably going to get it so better safe than sorry don't get caught like i mean he didn't know anything about like the regeneron treatment which we got that done uh right away he didn't know anything about anything i mean he was like 88 oxygen i know dude he was he was bad he was really bad living by himself right no clue about anything like what should i do i mean should i just do i just tough it out no dude you go get a z pack

again i mean there's things you got to do here. So let me ask you a question. I don't want to get into a bunch of people talking about science that don't understand how this works. But why, what's with the Z-Pak? We were talking about getting antibacterial kind of. Dude, I don't know. I don't understand that. They gave me the Z-Pak. I think it was throw the kitchen sink.

I think it's just throw the kitchen sink at it. I think that was the extent of it. Just throw the kitchen sink and be done with it. Let me tell you this you know everybody can downplay covid and yes what your political views will make you have a thought process on it right like i'm fully vaccinated i have not stopped my life maybe for four days of quarantine so i've been working traveling through this pandemic, been around people. I've yet to get it. Okay. I got it. It fricking was miserable. And you might be lucky. My son

had it. It was bad head cold. My mom and dad have it right now. They wouldn't even know they have it right. It hits you differently. So you got to be prepared just in case it does hit you. Like I got to tell you something that I hope goes away, but I don't think it will. Cause I think after COVID it'll just be something else it is alarming to me on both sides of this issue how many people have attached their personal identity to their thought their personal thoughts about a virus well yeah that's just tribalism at its most contemporaneous. But everybody does it for everything. There's so many times issues will come up.

And you go, why do you even have an opinion? Yeah, it's just, why do you care? What do you care? And I mean, literally, it's every single Facebook post. And I'm talking about both sides of this. I mean, there's certain people that I just, I got to mute because I'm just so sick of their armchair quarterback expertise. Sure. You know, I think the best quote I ever saw was, not a quote, but a meme the other day.

Again, on both sides of the issue, I don't care which side you're on. This meme said, I have like a PhD in something from Harvard. Yeah. I have a so-and-so from John Hopkins. So much lab work. And I'm a doctor. But John 159 seven two just told me john one two four said that was bullshit who's got a profile picture with him and a fish

completely full of shit i should know but it is it is absurd that people but that's the thing about dunning kruger we have a we love the dunning kruger we need we need but it does it gives people a false sense of understanding, right? I did my own research. No, no, no, no. You can't self-select what you want to research and call it research, right? Research is where you start with a hypothesis and then you test it, come up with a – it's a whole scientific process. Science is totally ambivalent as to how you feel about anything.

Yeah, it doesn't care. Science will come back and say, no, this is more likely if you're this. It's just period. it doesn't care if science will come back and say no this is more likely if you're this you know it's just period i don't care i don't want to go i don't want to go too far down the covet hole no this is on both sides of the issue if you everybody if you are waking up in the morning and you are looking for something to support your opinion right so you can then repost it on social media on either side of this issue, you're doing it wrong. You're just doing it wrong. I mean, dude, find something.

And we're going to talk a little bit about this. Not this episode, but the next episode, which we're going to record after this. I'll give you a little sneak peek as to what it is because I got it out here. The research is done. But on the next episode, a very special episode of The Power Move, we'll be discussing stoicism because people often ask me how I do a lot of things that I do, how I get through things. And and so if you've never been experienced to classic stoicism, we're going to talk about some of that stuff. And some of that goes along with with what we're talking about now.

But for this particular episode, there's a lot of stuff to unpack. We haven't been here for a while. I've done some things. We've had some great things go on and we've had some bad things go on out there and i want to kind of talk about them it's the first thing i want to talk about because it's going to be the title of this uh episode because it's going to be like clickbait deluxe sure right it's going to be like the power clickbait you're doing it right yeah it's going to be the super clickbait is while we were on hiatus yes i bought a private jet. And yeah, and I want to kind of talk about that thought process of alternative investments and why I bought a private jet

and what that means and how it's a business and it's not just a flex. Frivolous, yeah. Yeah. And we've talked before many times. I'd be impressed if you bought two private jets, but one? Well, no. Well, shockingly enough, Colt, we are buying another one. I'll tell you about that in a minute. So we've talked before, like, it's so funny. You know, I had a, I had a situation this weekend where I went to look at a seven figure flip with my partner that I do flips with. And we were looking at this house and I pulled up and I was in my Ford Bronco. My partner who is,

you know, got a ton of money is in his Chevy truck and the agent pulls up in a really nice car. And I was just like, and I know that car was probably beyond a little bit where they were. And we were talking and it was funny. And I said the comment, I said, you know, it's funny when you're coming up, man, when you're coming up in business, you think I can't wait till I can drive whatever I want. And then when you get to the place where you can actually drive whatever you want, whatever you want is going to change dramatically. Right. Like it just gets there.

Like we talked before, like, you know, we debated the Rolls Royce. We debated buying the Wraith. We debated buying all of that stuff. And, you know, when I really broke that down and I looked, I mean, i've got a really nice car other than my car that i the bronco i've got another nice car it sits in the garage had that car for three years and i do want to point out though that i did have the opportunity to kind of let you know how much that 430 was you know the which one the 430 as opposed to the 488 yes you did you you did we did. I just want to point that out. We were talking Ferraris. You did.

You did put your input on the 430 instead of the 488. But I look at it this way. You know, I've got this really nice car. It's sitting in my garage. I've had it for three years. It's got 8,200 miles on it. It sits there and does nothing. So I spent a ton of money on this car, and it's sitting in my garage doing nothing.

And that kind of started to play a little bit into the thought process of this private jet for me, because if you keep in mind, we did not buy this private jet to sit it in a hangar in Henderson. And then whenever I want it, I can pick up the phone and call and say, you know, gas up the jet. We're going to Cabo. That's, that's not, we've got time for that. Yeah, it is. That was not the intention of my partner brought to me and said hey we're gonna do this and we're gonna run like a business and here's the difference we're gonna it pencils out with one plane it does because the plane that we bought is a desalt falcon 50 um you can look it up it's a it's a really good uh fuel efficient mid-range fuel efficient jet it'll fly from here to honolulu it'll fly from here to new york and then new york to london if i want it's a long-range jet well mid-range 3

400 miles is how far it'll go which is far enough for me right and the overall operating expenses on this jet with one including the hangar and the cruise and everything else is about 138 000 a month which sounds like a lot including the debt service and everything else is about $138,000 a month, which sounds like a lot, including the debt service and everything else that's associated with this. But when you look at the cost to operate the airplane in the air, all included, everything is about $2,500. And the going rate for that plane to be leased is $6,000 an hour. Well, now you're talking about a business that makes sense. I mean, last month or last week, jets.com chartered the plane for the whole week. They just, they resold it. You know, they took their charters and they resold the plane and put it up there and they did it for i think it was 150 000 for 30 hours they took the plane so that one week from jets.com covered the

entire cost now we didn't buy this so i can you know join the mile high club and be rocking around you know quick easy flights it also didn't mean that but yeah it did not mean that right can we do a podcast from there no we can we can but trust me i go up there with my wife she's gonna be white knuckling as it is she hates to fly she hates to fly women don't feel anything sexy no like petrified no no i had a friend that his wife um used to have to get so drunk to get on their jet like she hated it hated it. That was a pitch. She had to every time. My wife never followed me. I said, no, babe.

I said, we're going to have booze on the plane whenever you want. You can get it whenever you want. She had to. My wife will never get in the plane with me. She'll get in this plane. No, no, no. I'm flying. You're flying.

No, I would. Okay, let's be honest. I wouldn't get in that plane either. I'm not getting in that plane. Would you get in the plane that I'm flying? I mean, yeah, but I'm. It doesn't matter. One of us has a license. No, even if I got a license, I wouldn't you get a plane that I'm flying? I mean, it doesn't matter. One of us has a license.

Even if I got a license, I wouldn't get a plane that I was operating. I don't trust me. I'm barely getting a car with me. I'm just going to fly a plane. No thanks. But no. So the thing with the planes is if you do it at scale, which we're going to try to do, we're going to buy another plane and another plane after that.

Same type of planes. Everything gets compressed because with one plane you still have the hangar expense you still have the two pilot expense you have all of these things but when you get multiple planes that are always out moving and out chartered now you need one hangar for three planes you don't need more hangars because the planes are gone they're always out running so by the time this is all said and done you look at the capital investment that it was the monthly return on the jet is better than commercial real estate it's better than i mean multi-family airbnb it is it's an airbnb is essentially what it is now granted it's a depreciating asset not an appreciating asset but the planes were buying good for probably another 20 years which is fine yeah but the returns are so much higher on the jet that I don't even care that it's a depreciating

asset. If you do it right. And the other thing, and just because it's a depreciating asset doesn't mean it's actually depreciating at the rate people think it is, right? Well, no. When you go look at old airplanes, and I have, because this is a decent thing. I've looked at Bonanzas. I've looked at personal aircraft.

I belong to a flight club, so I can just go use any of their planes and pay for the hourly cost. Chris, Chris, Chris. First of all, flight club. You don't talk about flight club. Oh, yeah. Flight club. I'm sorry. I didn't at personal aircraft. I belong to a flight club, so I can just go use any of their planes and pay for the hourly. Chris, Chris, Chris. First of all, flight club. You don't talk about flight club. Oh, yeah, flight club. I'm sorry. I didn't talk about flight club.

First of all. No, but you look at airplanes because they're a vehicle, right? Yeah. You look at the cost of them. Airplanes can be 50 years old. If they're properly serviced, there's very little about the fuselage that goes back. Well, that's, you know, when you buy a plane that's 20 years old. It's plane that's 20 years old the first falcon that we bought i think it's a 94 the only thing on this plane that's from 1994 is the fuselage that's it because your jets get you know you you really buy and service the

engines yeah the engines the landing gear the frame will fly you can find old flames from world war ii that are fine yeah yeah so i, the interior has been redone, all of those things. So as we continue to buy more of these things and then compress them into our own little mini airline because the costs go down, the return on these is going to be great, unbelievable. And, you know, you get to fly private for free. You know, not for free, but you can allocate a portion of your profits over to you know burn up the flight time which is you know our cost about 2500 bucks so that was the deal um with buying the plane it's a nice flex again i haven't seen it yet it's been in the air um it's been it's gone i mean the plane's been up and moving and making money so

you know and that's another thing when you look at this. It's like if I got a quick flight from here to, and it's just me, I'm not going to take the flight because the problem is I'd rather have it in the air making $6,000 an hour. Right. Sure. It's like, do you want to go stay in your Airbnb on Fourth of July weekend at the beach? No. No, of course not. You want to rent it. Right.

That's why you do it. So there was that. So that was the jet. Super kind of stoked about it. Explain to people, though, how that actually helps you in other ways too well yeah i mean obviously now here's the thing um there is a very large allowable they're going to close the loophole on it which is going to be a tax deduction where you can accelerate the depreciation on the plane you can write it all the way off however i'm going to say that in talking to my CPA, my partner CPA, a couple of different people, that is a red flag to get audited when you start buying jets and riding in Excel. Yeah, you start you start pushing for accelerated depreciation on those.

You're going to get audited, which, you know, my taxes are good. I have no fear of that. But who wants to deal with it? You know what I mean? I'm not saying, you know, you want to deal with it. Nobody wants to deal with it? You know what I mean? I'm not saying, uh, you know, you want to deal with it. Nobody wants to deal with it. You just don't. And, um, so we're not going to do that. We're not going to accelerate the depreciation on it. I mean, I think we're going to, we're going to be able, because we bought the plane technically, um, I bought into this deal. This deal was already done. Um, the plane was purchased in October. So when you buy

a plane, you've got two sets of pilots. You've got to send them to flight school to learn how to fly. Yeah. That's $40,000 a click to get that done. Um, so that, and the plane sitting, waiting for them to come through this, waiting to hire the pilots, when you get it done, uh, you know, there's a loss from last year. There there's a pretty decent loss. So, uh, I'm buying in and then I'm immediately getting that loss towards my taxes, which is great. And then, you know, going forward, if, you know, my company charters the plane, I can charter it at retail. There's nothing wrong with that. Right. There's nothing in the tax code that says I can't charter it at retail. You know, moving numbers around the page, perfectly legitimate. Now, I can't I can't book it at twenty five thousand dollars an hour no but if the going rate for my desol falcon is six thousand

dollars an hour i can build six thousand well i think you should probably you have to obviously we're never giving tax advice no no no no yeah we're not we're not giving any tax advice or any money advice the only advice we give on the show is turtleneck advice and colt is rock killing no but think about it sometimes there's people i mean can we talk about the turtleneck for a minute, though? Because, look, I'm not saying the color on that thing is foreskin, but it's pretty close. Definitely threeskin. I like it, guys.

I appreciate it. It's pretty close. It's pretty close. Yeah, but sometimes people don't ever consider aviation. This is the first time in the history of aviation, up to about 10 years ago, zero dollars were ever made from the Wright Brothers' first flight until then because of so many bankruptcies and the brand of airlines and 9-11 and all that stuff. So aviation was actually a loss.

Some companies made money, most lost, and it actually had washed out. Now, the last 15, 20 years, 10 to 15 years is the first time that people are willing to use private aviation more so. It's no longer just the ultra wealthy using G6s, right? You can charter planes, charter companies. There's a lot more flexibility because of the logistics of the internet and technology. Well, I think also you look at just the sheer amount of money out there. The amount of money and the fact that you get your plane, your phone.

Does anybody know where this money's coming from? Is everybody just making millions in NFTs? It's been printed. Is that what's happening? 70 something percent was created in the last like eight or nine months.

It's insane. But it's devalued. You know, I got, you know, I don't know if you're friends with them, but a buddy of mine

is posting all this boardy yacht club stuff that he, and you look at it and you go, Oh, this is going to be worth so much money. I go, well,

there's 10,000 of them. Well, no, no, no. I want to talk about that because something happened over the weekend too. Like I think that the economy, definitely this NFT thing has been insane,

but I think you're already starting to see a move from, I mean, everybody, it seems like a sprinting NFT line right now. Everybody in the grandparent. Oh, get my NFTs, get my NFTs. I mean, you know like it's printing an NFT line right now everybody in the grandparent oh get my NFTs get my NFTs I mean you know I saw it was at Vegas Dave was like oh I'm printing NFTs like really? Beanie Babies I have

Chris Connell Beanie Babies yeah like whatever I watch a documentary on that that's sick pretty cool stop hijacking the show Colt Jesus Christ they did it in Harlem with the tulips remember when tulips yeah and then maybe they did it with a whale oil back in the 1800s and then they did it with this and then we never learned from the past we don't always look we always look

this is different but i think the beginning i think the beginning of the end for the flex nfts is coming and i'll tell you why okay here's why. Gary Vee was involved in something this weekend. I don't know if you saw this. Yeah, I saw him talking about, too, the application of NFTs. Yes. Well, no, here's what they actually launched this weekend. So Gary Vee did a deal with, like, five really high-end chefs in New York, right? And they're opening up a private club in New York that the only way you can get there is, guess how?

With an NFT. You have to be an NFT owner. So now the NFT is in actuality a tangible asset that has access to this private club, which I love. So I think we're finally starting to see some tangible things that are going to happen where the Bored Ape Yacht Clubs of the world and all these things are going to just be like, well, why do I need a picture of an ape? I want to get something that's tangible that i can use and you you could put that you could put that into any sort of business right you could do a joint joint

ownership of a house and say well you need to buy this nfp it's really what you're buying again i like the first mover thing i like some of those things but i look at it and go if this falls out of favor your 400 000 investment,000 investment is worthless. He's like, well, Snoop owns one. I don't really care. What does that matter? Is Snoop inviting me to his house? If you have this NFT, if you're a Board 8 member, you get to come to the most exclusive parties ever.

Well, see, that's what Gary Vee's doing. That's what I said. I said, that's fine. That's a social club membership you're buying. You're not buying an NFT. But if that's not explicit in the contract, if that can be yanked from under me at any point in time, if Eminem doesn't want me over at his house, then it's worthless. I'm out.

Well, see, again, that's what I was talking about. I was talking about the metaverse with somebody the other day, and there's been all this land sold in the metaverse. Yeah, Snoop Dogg's neighbor just sold. No, but here's my point with the metaverse. Look at how many times that Elon Musk, for for shits and giggles has crashed his own stock sure just just to say i'm gonna crash my stock as i throw one tweet out and just don't watch it crash i mean you're telling me that one of these guys is not going to invent some metaverse whatever

one of them is and then just for shits and giggles pull the plug? Sure. And what are you going to do? Nothing. When you go into those things, there's nothing guaranteeing you the right that it's going to be plugged in. It just doesn't exist. What do we always say, Colt, on this show? Everybody's cool until they're not. Everybody's cool until they are not. And so what happens when this gets weird, right?

Someone sues the metaverse for something. So some server's like, I'm not going to deal with this. Pulls a plug on it. Or they an isp they owe you nothing no they don't they owe you nothing this is like that movie free guy or whatever right yeah i can pull a plug on your entire existence and you're done and you're completely done i yeah i mean look i think it's i think it's a gold rush sure i don't know if it's a gold sustained so here's the thing too is there's a bunch of people a bunch of these tech guys go you just don't understand yeah and i go no no i really understand what you think you understand yeah i promise you i promise you yeah but i've seen this go in many different ways not just years of investing and reading books about traditional

investments of assets i understand the value of licensing the value of intellectual property i understand that servers just don't usually get the plug pulled. But things can sour in a second. Look at MySpace. MySpace was just – could you imagine telling somebody in 2000 that MySpace is not going to exist in two years or whatever? You're crazy. You don't understand the value of MySpace.

I know Tom. I get to play a song. But Tom, my friend Tom. You know I know Tom. Those are the people. Those are the people that are doing this again. You don't understand. You don't get the value of these licensing deals with celebrities.

You don't understand. I'm so far ahead of the curve. I'm such a first mover that I'm the really smart one. A guy like Gary Vee, okay, I don't really follow Gary Vee, but I understand. He's got pull, okay? So he can create, he can generate goodwill towards a thing. He knows how to make it a tangible.

And he's done it, and he's wealthy. But again, the move into tangible assets. For example, NFTs are going to become the new crowdfunding for films, for albums, for whatever else. Which is great. It's going to change that industry as it were. But what's yours worth? Yeah, but my point is I've got a cool picture just because it's in this cool picture line. I think that I don't know how you're going to convert.

And here's the thing. Those people that invented like board yacht ape club. For those of you guys that don't know how NFTs work, when they meant these things and sell them, they're sold at a certain price. But every time they get traded, the people that minted them originally still get a little, go a little kickback on them. There's a little residual income happening from the NFT.

So it's in their best interest to do something to hold value on these things. It's in their best interest to do that. But how many of those guys are going to figure that out and continue that, especially when you're starting to see more and more tangible products come out? Sure. My buddy Steve Sims just did one. And I don't. At first I was like, Steve, what are you doing? You know, I get it.

It's like a virtual bobblehead of yourself. But then he's tying it to his coaching. He's tying it to events. He's tying it to things that happen. So you're getting access. You're not just buying a picture of Steve. You're actually to QR code sure I get it. You're buying Steve I get it by and that's perfectly fine and good right until the moment. It's not yeah, right until somebody goes Oh that if you own a board API Club, you're one of these douchebags

I thought they were so smart and it gets a sour reputation for some reason yeah, then what happens all it takes is one second So it's like a bad founders card. Who's that guy that did the fire festival right what was his that other guy come on john you owe those people money my wife give the people their money back no um so what was that guy's name brendan or brand or whatever i don't even know that guy that went to jail but he had an interesting technique to get bottles of water. He did this exact same thing with a cool kid's black card club, right? Where you get access to this place in New York. But it was just a card. It was literally a black card you bought into.

This is no different. No. Just because you can take a picture of it on your cell phone, right? Like a QR code doesn't make it any better. So here's my concern about it. Like even if you look at the Gary Fee thing with a tangible deal, right? Like a QR code doesn't make it any better. So here's my concern about it. Like even if you look at the Gary Fee thing with a tangible deal, right? Sure.

Like why do you go, why do you want to join a private club? Why do you want to join a private club? Because it's exclusive and everybody in that room has been vetted to a certain extent to be in that room, right? Correct. If access is only granted by the fact

that I had enough money to buy this digital coin. Yeah, if I can buy it. Like I said, Snoop. Well, like a country club. A country club, I think they say statistically the average country club member is at least over $380,000, right? So, you know, that's a monthly occurrence big fee. Yeah. Where buying an NFT, anybody can go.

It's just like a watch. Anybody can go drop $8,000 on a watch anybody can go drop 8 000 on a watch one time yeah one time now if they have to do that yearly monthly it's a different thing but you know like Chris said my thing was always I comprehend it I don't comprehend it I comprehend what you're telling me comprehend it I don't comprehend where you see this this exit plan the exit plan in my opinion is a pump and dump type of deal. Sure. At least my one stock of wind, I still have.

One share, don't care, baby. One share, don't care. At least there's tangible. Other than that, there was a cigar club in town that gave a beautiful metal VIP thing to the people that were there a lot. I had one. Then one day it's like, those are worthless anymore. We don't do it. You know, they just pulled that. They pulled the plug, pulled the plug. No contract. What was I going to do? What? You

owe me half off. I spent so much money in this bar. You're not going to. So eventually one day, it's not going to make business sense. And they're going to say, well, we got all these other people where we're going to create more men. Really? You either got to make it a tangible thing or it's not going to be there. And at a tangible thing, you're just putting to me, if I want to come to, if I want to join a membership and they make me go buy the, you know, now I got to go Bitcoin or I got to go place my money in the crypto stuff. And then I buy that through that. You're making me jump through process. No, just take my money yeah i mean if you look at like people have asked me like you're gonna buy any property in the metaverse you can do that i'm like no here's why because again somebody could

pull the plug on it go out of favor whatever if i buy dirt if i buy a dirt lot i can go to that dirt lot i can get out of my car i can run my finger so i can stand on it i can be there and the only way i'm gonna lose that dirt lot is literally if like don't pay your taxes i mean don't pay your taxes of course but like if invasion boats were to land on our shores and some foreign power was to take over our country lake mead pirates exactly and claim all the land that's the only way i'm going to lose that right how cool would it be if like mead had pirates and again and again Look at this way. Why do they say you should buy? Why do people tell you to buy land? What's the old adage of saying why do I make any more of it? Right unless you're in Dubai, right? They're not making more of it. I sure do I apparently in the metaverse they can make as much as they like

There's no contract that says they can't there's no consequences. There's nothing so What this is though like all other things. It's a greater fool theory right in hot potato somebody gets stuck with the potato yeah so you're exactly you either bought it that last guy that bought it and sold yeah everyone before him made money yeah everyone after them loses it so and you can do that you want to be on the right side of that curve well i'm just saying well i'm just saying if you are somebody that lives in las vegas and you bought a house in 2006, learn from your mistakes, my friend. I was just going to say, it can be real estate. There are so much, quote unquote, speculation purchases.

Isn't that the same thing, though? Yeah, it is. Yeah, it is. Because it's only going to go up. Yeah, well, it's going to go up. It's worth everything, blah, blah, blah. And it's not, right? Like, I sold a piece of land.

The guy goes, I had it appraised for $3 million. I'm like, cool, it's worth $900,000. it's not right like i sold a piece of land the guy goes i had to appraise for three million bucks i'm like cool it's worth 900 000 well it was appraised who cares what his praise it was never worth three million bucks it's worth 900 000 and four appraisers after i told them it's like you know it's like tommy there's only one reason like right now there's a lot you get pitched investment deals and it's all about the irr yeah that is speculative oh if you're gonna buy a real estate deal buy it's all about the IRR. That is speculative. If you're going to buy a real estate deal, buy it on cash flow. The only time I will buy a speculative real estate deal is, for example, we just bought our office buildings in Summerlin.

We just bought both of those. So it was $3 million for both of them, right? And when you look at what we're paying in rent versus what we're going to have to pay on the mortgage, the mortgage was dirt cheap because money is cheap right now. But still, we have to pay more now than we were renting it. It's a 10-year full-am loan. We were going to lose the money anyway. We're going to own the building. Yeah, I'll buy a speculative IRR deal if I'm the tenant.

Sure. If I'm the tenant. Yeah, because if it goes bad for me, it's going bad for me anyway. Yeah, exactly. If I no longer need that lease, I don't need anything. I don't need anything. Yeah, something's going to go. Yeah, I just closed need that lease, I don't need any of that. I don't need anything. Yeah, something's going to go.

Yeah, I just closed on a building too last week. Use clear title. Hey. Use clear title. For all your title needs. They are great. Very efficient service. They very are.

But yeah, no, because for the exact same reason, right? I go, I know what I'm paying in rent. I'd rather pay it to myself. Yep.

Tangible benefits, right? I can walk in there now and I go, nothing gets me out of this place. Yeah. This is mine. I can do whatever I want with it. I can, I don't need to talk to the landlord. rent i'd rather pay it to myself tangible benefits right i can walk in there now and i go nothing gets me out of this place yeah this is mine i can do whatever i want with it i can i don't need to talk to the landlord i don't need to you know get permission to use the boardroom if somebody else is in the building if you wanted to open up a all turtleneck shop i would do it there could you do that i would i'm going to do it all turtlenecks i misspoke not only would i do that i am doing it

there you know i have something to announce, gentlemen. Congratulations. Chris's four-skin. Chris's turtleneck. Three-skin turtleneck. I am proud of this. Let's take a break. We'll come back and dive more into Colts' turtleneck. I also, when we get back, I want to talk about,

obviously we lost some greats, Bob Saget, Betty White. I want to talk about something that lost some greats bob saget betty white i want to talk about something that joe rogan said about michelle obama i'm talking about something that was complete horseshit that i saw grant cardone do and uh and yeah and all more so we'll be back in just a second hey it's john gafford if you want to catch up more and see what we're doing, you can always go to thejohngafford.com. We'll share any links of things we talked about on the show, as well as links to the YouTube where you can watch us live. And if you want to catch up with me on Instagram,

you can always follow me at thejohngafford. I'm here. Give me a shout. Grand Cardone Local. We're back again. No, he lives in... Well, he opened an office in Arizona. We'll talk about that in a minute.

Welcome back to The Power Move. I, of course, am John Gafford here with Colts, Foreskin, Turtleneck, Amadon, and Chris, the counselor. I got good news. While we were on the break, while we took a break a minute ago, I don't have to work anymore. What happened, John? Listen to this voicemail.

Apparently, I'm going to be retired. Here. Are you there? Oh, I got your voicemail. This is Mary. Mary, you mentioned you wanted to ethically make some extra cash without having to lift a finger. If you're still interested in making some extra cash, give me a call. All right, I'm not going to give you a number.

Bye, bye, bye, bye, bye, bye. You don't have to lift a finger? No, I do want to talk about that voicemail though um because a is horseshit of course it is whatever um didn't talk to me about mary but i will say this i'm gonna i'm gonna give you a sales tip right out of the box something i did like about that voicemail which is how i leave it how i leave voicemails um and how i coach our people to leave voicemails because colt what is the purpose of a voicemail callback callback callback? That's it, right?

I mean, so many people in sales want to pitch a machine, dude, they get on and they want to pitch and they want to try to sell the machine. Oh, let me tell you why you need to call me back. I got X, Y,

Z. You need to do this, blah, blah, blah. The only purpose of a voicemail is just to get a call back. I love your guys's voice. That's it.

So, so she did a little bit of it um which was good number one um key number one in that voicemail she tried to build familiarity and acting like we knew her oh hey is this you oh i'm sorry i got your voicemail oh yeah i got your voice but when they're starting off with a disingenuous premise like i don't know you no no no but here's point. The point is you call him and you just say, hey, Bob, it's John. You know, look, hey, I just want, you know what? It's too much for a voicemail. Just give me a call back.

That's fine. That's it. That's great. And then that's my voicemail. You have a present. I'm not. I'm not. But that's the voicemail we live.

We leave, which is you've got to leave a voicemail in a sales situation the exact same way that you would if you were calling your buddy. I mean, that's the same message I'd leave you. Yeah. Connell, Scafford. Hey, you know, man, too much on voicemail. Just call me back. Right now. Here's another big mistake that people make when they leave voicemails, which is they give their number. Like, I'm not going to tell you my whole name. I'm not going to tell you where I'm from. I'm not going to tell you anything about me. It's just, hey, it's John. You know, it's too much for a voicemail you know call me back because now i've got the guy thinking who's john like he's talking to me like he knows me like i should know this

person who is he now here's another thing if i've called and left a message on your on your phone you got my number you you got my number i don't need no phone out there that doesn't link your your voicemail to your phone no as soon as soon as I leave my number, call me back at 823-129-1212. 823-129-1212. No, as soon as you tell me your number, I know I don't know you. I already know I don't know you. But if you, ambiguity is always the best thing you can do

when you're leaving. Create a little suspense. Leave a little to the imagination. A little suspense. And don't leave, don't, do not do sales call from your office phone that has a generic number that when somebody calls, they have to figure out who they call to to get transferred back. That's the worst.

Do not call from your cell phone or your direct line that has a caller ID because I'm not going to sit there and, did you say that's a two, four, you're breaking up? A half hour to return a call. I have to deal with that every single day as an attorney. Me too. Commercial real estate. As an attorney. And commercial real estate too.

Commercial real estate. Because you got those people that are calling from an office, right? Yeah. And nothing drives me nuts more. I leave you, I'll say it. This is my personal sell. Yeah. That way you know that you're getting me.

Yeah. Yeah. Nothing drives me nuts more than trying to get a hold of an attorney right that i've been trying to we got a deal going and i got to go through three layers of paralegals remember who are you i mean look what is calling if you have a problem in vegas you can call connell at three o'clock in the morning he'll answer i mean i i actually encourage the three a.m because you know you know nobody hugged me during Christmas? Yeah, because I got COVID. You're lucky, John, because I saved you from a lot of money from paying out people. The best was I really thought about this, and I thought about how funny this would be.

I wanted to, because everybody had, like, if you don't live in Las Vegas, you won't understand this. But I'll explain anyway. So if you don't live here, the Golden Knights is our hockey team. It is the fabric of our community. It is the fabric of our community. It is. And so much so that one of the Raiders players wrote an open letter to all the fans in Las Vegas saying, we understand that the Knights jerseys are hung up at every store and ours aren't.

We get it. It's okay. They're conceding already that we're never going to be the knights well last week uh two uh of really the i'll say the heart and the balls of the team for the first four years we existed got traded away in the offseason and both of those players came back with their new respective teams this week uh ryan reeves who's playing for the new york rangers and uh mark andre flurry who was literally the first Golden Knight. He's the first guy they ever picked. He's the first guy.

And they came back to the games, and I was at both of those games. And they're emotional, but here's the joke. So for the Fleury one, after I saw everybody with the signs for the Reeves game, I wanted to make a sign just for shits and giggles that said, I have COVID, but I wasn't going to miss Marc-Andre't gonna miss mark on oh you should have that would have been the greatest take it to the oh you end up on the wrong side of an emotional distress you would have had it done like a video showing you got negative theme be like this a joke here we go because it doesn't matter if you freak out all the people go get tested oh god can God. Can you imagine just hitting the jumbotron?

Because where we sit, you know, a puck came over the glass. I do get jumbotroned every now and again when it comes over. I have COVID, but I wasn't missing the flower. That would have been the greatest. Oh, it would have been amazing. So, no, anyway. People are too sensitive. I know.

They are. But I thought that was going to be my last one. It would be hilarious, except for the fact, like I said, you didn't be sued left and right. Oh, my God. Do you think I could get sued for that? Yeah, maybe intentional affliction, emotional distress. Look at the attorney. Let's talk about this because, holy shit, I pray for the future of our company.

Not our company. Our company's great. Our country. Did you guys see these Arizona State girls? Tell me you did. Oh, please. What? Look in the toilets?

No. No. Saw that one. Arizona State girls. There's these two girls at Arizona State that decided to, they walked into their multicultural center at Arizona State, and there were two white males studying in the multicultural center. And so they decided to pull out their phones and tick tock this of them berating them because

one of the guys had a police lives matter. One of the guys had a I didn't vote for Biden T-shirt. And apparently there was a Chick-fil-A cup, which is triggering. Also, any bass pro shops hat was also triggering for somebody. Right. OK. Right. So that's also triggering.

So now, by the way, both of these groups automatically annoy me. OK. Hang on. Hang on. that's also triggering. So now, by the way, both of these groups automatically annoy me. Right. Okay. Hang on. Hang on. We're still going. We're still going. All right. And they start berating these guys.

Sure. And the guys never get over two. Ever. Like, here's level 10. They never get over two. They're like, look, we just came in here to study. I'm sorry. Like, I didn't.

I'm not protesting. I'm not saying anything. My computer just happens to have a sticker. and obviously now on one side they probably went in there yeah they probably went in there yeah they probably went in there to do what they did to needle yeah right but these girls went ballistic at these guys and the stuff that they were saying and so arizona state did a did a investigated the situation and based on the video that the girls took found that the only people harassing anybody were these girls harassing those guys. Because there's no rule that says those white guys can't be listed at that table in the Multicultural Center.

Right. Which is fine. Which is a First Amendment protection. And I very much so, ACLU, I support. Please don't cut this into a piece. I'm not. I'm not. I support Black Lives Matter protests in public spaces.

I support Nazi protests in public spaces. I can look at them and say, I think you're disgusting people, but you have the right to be wrong in public. Yeah. You don't have the right to burn shit down though, anybody. You can't create a danger for it,

but you have a right to burn a flag. And I stand by your right as an American. I don't care if you burn a flag. No, listen, listen, if you bought it, you can burn whatever you want. You can't burn somebody's business. You can't destroy other people's properties, of course. But I believe that this country needs to go back to that where I don't have to like you, but I do have to respect your right to have.

I don't respect your opinions. I respect your right to be wrong and right. But my point was with these Arizona State girls. So the Arizona State finds them uh to be the ones that were harassing these girls and they say they want you to write a three-page paper on inclusion and and you're on probation that's basically what happened so then these girls go back on the video and again not about the cause it's about the general perception of these they're like these people came in with their racist bass Pro Shop hat, and they're racist,

and they triggered us. They're all fired up. They triggered us in our safe space. Dude, I'm telling you right now, if I'm Russia, I'm like, we could take this place in like a week. Oh, for sure. Like a week. We would go over and trigger people.

Dude, if those are your kids kids or your kids act like that, you are setting them up for failure because the world is going to chew them up and spit them out. But here's the good news. Here's the saving grace. Like with all things, what you see and what you hear about in public are not the reality of it. 99% of kids going to college would just be like,

oh, those guys are fucking idiots. Did you see that one girl, the one who shit her pants, the right-wing girl that tries to make videos, the one who shit her pants, the right-wing girl that tries to make videos, the one who shit her pants at a frat party? No. She went onto a liberal campus and started acting. Was this on an old video? Oh, man.

I don't watch Young Turks, but Young Turks was on a next clip, and I just overheard it. And it shows these videos of her going on these liberal institutions, expecting to just have these outrageous comments. It's like, should there be tampons in the men's room like oh and the guy's like i don't care yeah and moved on sure does it cost me anything and i don't care so most people and it just backfired in her face

she's like a moron but if you're two white guys and you go to the multicultural center and you're wearing you know you're wearing i don't care about biden or whatever blah blah blah you're going there to be controversial, which is fine. The best thing you can do in that situation is ignore them. Ignore them. Ignore them. They did what they wanted to do. And you are a fucking moron and a puppet.

If you let someone pull your string so easily about content, nobody cares. But again, I think there are college-age kids on both sides of these issues, on both sides of conservative and liberal that are equally fragile in the worst possible way. There is so much fragility. But here's the thing. Here's the thing. So college campuses, yes, are definitely left. And I don't mean to be—

I think it's both sides. This is not about left or right. It's tougher to be a young Republican academic, right? Because the world's moving away from that. Yeah. But just in general terms, right? I think it's coming back. I think it's coming back.

I think in the business world, it's going to be... I think you're going to see some Michael Keatons come popping up real quick. In academia? No. I don't know about academia. No, but I think that... I think you're going to see Michael Keatons come popping back up. It may correct to where it should be.

Yeah. But at the end of the day... I feel like right now is like the 70s, and you're going to see a snapback to conservative media. Well, I think it already has. I think the let's go Brandon speeches you see around campus, you wouldn't have saw those 10 years ago.

That's ignorant. That's what I'm saying. The problem is a lot of these kids are so stupid and have no experience. They still live in their parents basements they don't they don't know anything so if they hear a professor telling them how stupid you know the right white the right wing is then they're going to sit there and think it is and if you you're getting your parents telling you oh they're a bunch of idiots

they're going to it's going back here's here's my here my thing. You know, you look at, and again, you look at the let's go Brandon thing, which obviously is what it is. But my thing is, I think what made this country great in its first place is the ability to have civil discord. Of course. Civil discord. And at what point, I mean, dude, I don't love joe biden's politics i don't i didn't like oh biden i didn't like obama's politics i mean but at the same time i never disrespected the office of the president sure i mean the guy is the president of the united states and it's you you look like an idiot when you disagree as a country they don't realize people are looking

at us and we look like a bunch of idiots both sides. Well, that's because the media is very loud. Now, here's the thing, though. I am 100% on board if you criticize a policy of Joe Biden's. Yeah. So if you say, hey, Joe Biden really fucked this up by this, and this was a better solution. I look at it, I go, hey, that's fair. I go, no, what you're not considering is this.

Yeah. That's how political discourse should be in this country, but it's not. It matter what joe biden says he's an idiot he's wrong he's the guy could say the sky is blue and he's fucking wrong he could that's the problem in america is that it doesn't matter my team is in well everything trump did is right because i know because again it's the echo chamber it's the we all so not we all hear each other saying that everything is right and i like to hope you know here's the thing we all have our own political views here that are sometimes aligned sometimes don't but i think we can all agree that the way that the majority of people that are super vocal about their their dislike of whatever is happening are doing it the

wrong way totally worst marketing yeah the left wing has got to have the worst marketing possible because you have i believe this is a core belief of mine, that 70% of people, 80% of people in this country, if marketed to properly, would vote on the left side. And here's why. If properly marketed to. If properly marketed to. Because when you think about policies about the ultra wealthy this that and the other most people in this country are below the wealthy right so if you could just be like look here are great social services look at the police look at fire look at all these great things that if we just put in

collectively blah blah blah if you could steer it away from religion well that's make it about people's that's that's the problem because right because put everything together you're not the right the right owns religion which is ironic which is a core value but it's ironic in that and i don't want to get like off on a tangent but when you look at the tenets of you know what christianity is right give to the poor rich don't get into heaven all that stuff if it was marketed better that wouldn't be an issue because you could get away from the things that turn them off, like gay marriage. And once those things become sort of more normalized and mainstream, you're going to find the next generation is not going to care about those issues so much. Yeah.

I'm just saying, like I said, it's a marketing problem, but the left is the worst at it. You know, it brings up my next point, which is going to be incredibly probably unpopular, but we're going to talk about it anyway because I thought it was a good thing. Joe Rogan came out the other day and said that if michelle obama ran against trump she'd win the landslide is what he said really yeah that's what he said he goes he thinks michelle obama would win in a landslide and this got me to kind of thinking it got me thinking about something i totally disagree with that you disagree well this is that's what that's what rogan said but here's the thing interesting this is what i'm i'm finding and i'm finding this and this is not a this is a spouse

thing this is not a husband wife thing this is not a wife husband thing this is a spouse thing right i see i'm seeing more and more especially in the entrepreneurial space where unqualified spouses are being shoved on stage because of who they are. And that's on both sides. I've seen some really unqualified husbands whose wives are superstars, and I've seen some really unqualified wives whose husbands are superstars.

And at what point is that okay? Is that not okay? I mean, you tell me. You need to have qualification. Now, Michelle Obama is a lawyer. 100%, but I'm saying, no, no, no, and I'm not saying Michelle. That's like the only. Okay, real quick.

I am not saying Michelle Obama's not qualified to run for office. I just said that thought of that, with him saying that, got me thinking, like, I go to these events, and I see these wives get shoved up front. I see these husbands get shoved on stage,

and it becomes this package deal, where one of them's a superstar, and the other one, Like, I go to these events and I see these wives get shoved up front. I see these husbands get shoved on stage. And, you know, it becomes this package deal. One of them is a superstar and the other one. I mean, good. You love your spouse. I love that. That's all well and great. But that doesn't mean I want to hear their opinion either.

Or do I need to hear them talk to me? Well, I think our current president is that, right? I think people voted for him because they thought they were voting for Obama, right? And same thing with, I would dare say, our mayor in Las Vegas voted purely because they voted for him because they thought they were voting for obama right and same thing with i i would dare say our mayor in las vegas has voted purely because they voted her because of her because of her husband right which is 100 so you know i think they sit there and think well if i vote for them i'll get the other person i know they are not qualified but what they're not qualified on they'll ask their spouse and that's who i'm voting for and i think that's how to get bill clinton a third term was a lot of theories. Oh yeah, that's the.

Clinton third, Clinton three. Yeah, I mean, and that's where that comes from. But man, I see, I go to speaking events and I've watched somebody, I'm like, who the hell is this person? And find out, well, it's their husband, right? Somebody's wife. That's totally odious.

I find that particularly offensive when somebody's spouse is up there yeah there's no wholly not qualified with a hard opinion on anything it is and i think the problem is is most people aren't honest enough with themselves to think that look i'm glad you think your wife is amazing or your husband's amazing but that doesn't mean put him on the stage no yeah i promote my wife because we have a comparable business. Like we have a thing where I go, no, she's competent. Plus she comes with me. But I also think like,

okay, look at it. And this is not, you know, I know, I know plenty of couples where, you know, the one spouse is,

is, is the stage superstar. And the other one just has no interest in it. Right. Like I know plenty of those people. I mean, I, you know,

I was probably a better marriage that way. Yeah. I mean, I let you do what you're going to do. And that's great. I mean, Tana, Tana Gertz, who is is and her husband's a wonderful guy.

He was a meteorologist there in their hometown in Iowa. But, you know, Tana, by being one of Trump's main pundits, I guess you will, or one of the bell ringers through his campaigns, Tana became quite famous. And she never tried to put Curtis up there. And Curtis never had any interest to be up there. He was he was perfectly content to stand by her side. Right. Yeah. And I think, you know, I just, I don't know why that came up.

No, I agree, but I don't think that, I don't think Michelle would kill a landslide Trump. I really don't. I just find that particularly strange. Yeah. Honestly, if Trump runs again and we get Obama running, I'm so annoyed over it. Two years is a long time in health years with a dude that's that big and that old. Yeah, but that is interesting that he said that because, like I said, I still think that this country – now, here's where I'll be maybe controversial,

but having a woman be president, I'm just not sure this country is going to secretly vote for that yet. I just don't. I think men still have kind of a thing about having a woman president on average. You think? I do. When you look at who voted for Trump and who voted for Hillary,

67% of men voted for Trump and 30% of whatever, Hillary. And same with women, right? Because women... I just think that generally that there's enough men that still have hard feelings about... There's racist people out there.

There's sexist people. I don't have... I would have voted for Condoleezza Rice if she was a rancher. I think you're going to have to... I think much like Obama, you're going to have to come in moderate. I just don't think it's a landslide either way. No, I don't think it's a landslide either way. No, I don't think it's a landslide either way. But speaking of-

I think Trump's daughter could go and win, Ivanka. I think she could. Well, let's move on to something else. Let's talk about this real quick, which was Grant Cardone. I saw a video he made this week, and I thought it was dangerous, and I thought it was bullshit. I think a lot of stuff he says is dangerous. No, this was dangerous, and it was bullshit. i thought it was i think a lot of stuff he says is no this was dangerous and it was bull and it was it's dangerous and it's bad you're in my shot connell can i say what are you doing jesus yeah everything stops for

i said everything stops no no um so here's what it was it was a video and he goes and here's the story i'll do my grand cartoon invitation so no man this guy i met him and i said hey you need to invest in me and he wrote me a check for 20 million dollars because he trusted me he said i trust you grant i trust you i'm gonna give you 20 million dollars and then a week later i get a call and he says hey i'm gonna send this guy down from my office and he's gonna go through your office and check out your stuff check out your operation make sure it's all good and i said yeah send the guy down so the guy this doesn't sound like grant cardone at all i feel like does it does it kind of feel anyway i'm yes and the guy down so the guy this doesn't sound like Grant Cardone at all I feel like he's gonna check it all out well it says the guy came down and went through everything and I said hey hey when

you're done come back and and see me I got a gift for your guy and he said at the end of the day I said how was everything so everything checked out perfectly it's great here's something for you and I had a guy an envelope and they had a check for 20 million dollars with him because i don't want to do business with somebody that has to check up on me that doesn't trust me no and i thought to myself number one okay let's stop let's stop 20 million let me give you 20 million let's stop for a second there's zero chance that dude handed anybody back 20 million dollars zero chance two, guys, I always say don't buy the protest sign from the person that's telling you about the cause. Right?

This is a guy. You've got to pull your mic back on. This is a guy that his job is raising money. That's his job to buy multifamily stuff, and he's been very, very good at it. Right. But if you don't think you should vet every single real every single deal you do i mean vet it and pull it apart and look for holes and look for everything 100 i mean i sent you the operating agreement on the jet and i said find me a problem in here find me the problem

so if you're doing a deal with your mother yeah go over it vet the deal yeah why is that a problem because it's easier for him to put that video out and make people that are naive that might have 10 or 15 grand to rub together to send him to invest with him. Well, I don't have to look at the prospectus. I don't have to look at it because I trust him. He won't do business with me if I don't trust him. A lot of people trusted Madoff.

A lot of people. That's a good point. I have no clue about this Grant Carndell. I don't know anything about that. I have zero. I'm not going to talkell. I don't know anything about that. I have zero. Is this your name? I'm not going to talk bad. I'm not going to talk anything.

I'm not talking bad. No, no, no. I know you're not. That piece of it. That's bullshit. Listen, I think it was bullshit. I don't think the story happened. I don't think it happened.

And then two, I think it's terrible advice that you shouldn't vet every deal all the way out. You should just quote unquote trust people. You know what? I'm in a seven figure lawsuit trying to recover seven figures from a guy that was my roommate at one point. Good friend.

Because I- Bet the deals that you're still doing. Yeah. Bet the deals that you're currently in. Yeah. My problem- It's time to get out. Bet everything.

I am not going to slander one guy. I'm going to say hypothetically, there is a guy out there that was able to put together money from 08 on. There's absolutely no way you could fucking lose putting money into real estate from 2008 and on. So you might have somebody that's worth a billion dollars and be an idiot. You could have bought Portageons and made a fortune on them. So my thing is you are hypothetical. Guy A is playing with fire by not doing credited investors.

He's getting where, yeah, any investment panders out. I don't know that he's not doing credit. I don't know that. Look, if you're giving a guy $5,000, if you're doing $5,000. I don't know. I don't either. This is why I'm talking about hypothetical guy A. Hypothetical guy.

This is not about Grant Cardone. I'm telling you, you play with fire, not doing credit investors. People are crowdsourcing, put together GPs and LPs and all this stuff. It's a scary thing to do. If you have a competition, 10,000 people are in it, about flipping heads and tails, there will be somebody that flips like 15 heads in a row. They're not expert head flippers no it's just that's how it's just they shake out and that's it you know and i want to say that i don't want to say this i mean there's some people are going to hear that what i just said and be like oh that dude's a hate you're being a hater

you're trying to tear him down because he's successful no i'm not very successful like there's a there's a difference between being a hater and saying the emperor has no clothes. That's right. There's a difference. And I'm merely trying to say that what he implied from that video. Be conscientious of all of that. Be conscientious of all of it. There's something behind it. Never, again, never buy a protest sign from the dude that told you about the cause. And there's a lot of that going on right now.

There's some people making some serious money selling protest signs, and they are constantly reminding you there's a cause. Be careful of that. I know people that have done deals. I'm not being a hater on the guy. I'm just saying when you're giving dangerous advice to people that could get them in trouble, that's when I have a problem. I know a lot of people that have been investor stuff.

They've been investor partnerships for 20 years and they still vet their guy that it could be their son. I know family money that will, they'll vet their sons. You should vet every investment, whether it's 5,000. Look, if you don't vet it, you're just giving somebody a favor at that point. No, for sure. For sure. So, well, we're going to wrap it up. Connell, I'd take a phone call. I guess. We're right at 26 minutes. Make sure you tune in the next one. The next one's going to be awesome as well where we talk about principles of stoicism.

And if you're having a challenging time, like so many people probably are right now with COVID and everything else, you might want to take a quick listen because if you've never been exposed to the thought process of some of our greatest philosophers, we're going to do it in a way that you can understand.

And hopefully it will start you on a road to wanting to read more, wanting to do this. I always tell people all the time, the book that changed my life was The Obstacles Away by Ryan Holiday. And I'm going to kind of introduce you to some of those principles. And we're going to talk more about Colt's turtleneck. I was going to say, we got double back to back with my awesome turtleneck. I was going to say, we got double back-to-back with my awesome turtleneck. We'll go to that. We will see you next time.

I like my turtleneck. Hey, it's John Gafford. If you want to catch up more and see what we're doing, you can always go to thejohngafford.com where we'll share any links that we've talked about on the show as well as links to the YouTube where you can watch us live.

And if you want to catch up with me on Instagram, you can always follow me at thejohngafford. I'm here. Give me a shout.