Escaping the Drift with John Gafford - The Rules of Money EP 13

Episode Date: September 22, 2021

This Week:We unpack and discuss Ryan Stewman's" Rules of Money". No matter what level you are playing in the game, you will have some profound moments in this. Then we chase the mind of Colt... down the rabbit hole the and the wheels completely fall off.With Chris Connell and Colt Amidan

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Starting point is 00:00:00 from the art of the deal to keeping it real live from the simply vegas studios it's the power move with john gafford back again back again back again number eight number eight time oh we're good number 13 boys, boys. Lucky number 13. That intro, I swear to God, you were going to come in macho man Randy Savage there. Oh, yeah. Oh, I'm going to tell you this, brother. Let me tell you something there, macho man.
Starting point is 00:00:36 No, I don't know what I'm doing anyway. So welcome back to The Power Move. This is lucky number episode 13, boys. 13 with me as always. The always saucy midday cold armadon what's happening colt what's up back to it back to it and of course chris connell esquire chris what's happening how are you living the dream living the dream boys we got lots to talk about today i mean lots of stuff going on so first of all man i uh as you know i went to my mastermind group over the
Starting point is 00:01:03 weekend and that's my big deal that I go do. The big thing, the big cheese that I get to go do. The Avengers Mastermind. If you're not in a mastermind or you've never been in one and aren't familiar with what this is, it's basically where you go hang around with a bunch of people that have a bunch of knowledge. And for me, a good mastermind, it leaves me feeling like I'm not doing enough. I come back from it feeling like, Oh shit, I got, I got to get on it. I got, I got abs. I got to pull this together
Starting point is 00:01:30 because if I don't, I'm just gonna, I'm falling farther behind. And that's what I think a good mastermind does. This is a, it's a pretty high dollar ticket deal. I go to, um, and around a bunch of very, very smart people. And the first thing I got to tell you is how the weekend got started. I don't know if you saw this on my stories or you saw what happened, but how we got kicked off for the trip was not exactly a banner start to the old weekend. That story started that way. Yeah, no, no, they're not.
Starting point is 00:01:56 No, no. We're in valet, and we're getting ready to pull up to McCarran. We're in valet. I'm taking my wife with me on this one, and we're, we're getting to Valley and I'm running around the side, trying to deal with the Valley. She's opening the back of her hatch. Right. And as she's opening the hatch,
Starting point is 00:02:12 I'm running around, I'm looking at the Valley and I turn and I run right into the corner of her hatch. I did see that. And it was one of those things where as soon as it happens, you just kind of know like this. It looked like it crunched like a hit and i was like oh man and i you know i yelled f-bomb saying little ladies walking around like
Starting point is 00:02:31 and in my wife thought i yelled because it hurt and it did sting a little bit but the reason i yelled is i just knew what was coming and as i turned to my wife to ask her if it's bleeding i could just feel the blood come running down. I don't want to talk about one little trickle. I mean a stream. I'm a big fan of the UFC and skull bleeds aren't ones that trickle. Oh, dude. Yeah, it was like it was like Ric Flair, Steel Cage, Mick Foley to Mick Foley bladed myself up.
Starting point is 00:03:00 It was brutal. I'm shocked that it got through your hair. Right. My hair would have protected me right you would think my hair would have protected me you would think it would have protected me it didn't so anyway i'm standing there valet and my wife's like just looks at me kind of this white face and she's like we we got to go to the hospital and i go no we're you know i'll be fine so i'm playing here dude the valets come and hand me like a stack of paper towels and and I'm wiping all of this off of my face.
Starting point is 00:03:26 And I'm trying to get it. I'm like matting my hair into it, kind of trying to get it to stop bleeding so I can, A, calm her down, but, B, convince her it's okay for us to get on this flight. So I'm like, no, I think it's going to stop bleeding. I think it just needs some pressure. It needs pressure. Here's everything. Let's just get to the airport, and we'll see what happens. Let's get to the gate. We'll wait it out until we're wrapped so we go in i've got a paper towel
Starting point is 00:03:50 stuck to my head it's covered in blood it's like in fight club where he shoots himself through the throat exactly i need some gauze exactly it's that same fight club look i don't know how they let me through security i have no idea we get to the gate and i get down like let me just run to the bathroom and see what i'm working with let me just run over and see what i'm dealing with so i run to the bathroom and i look and dude and i start like just getting some water to try to like fix because i'm just like now i got blood stuck hair look like just just shoveled in every direction i'm trying to get some of the blood out of my hair it's blood all over the sink people are like what like it's is this a greyhound station i'm at the airport where am i at here at this point
Starting point is 00:04:24 they can't quite get their head around it. The public bathrooms in Huntington. Yeah, exactly. Which oddly enough is where I was headed. I'm not the public restroom in general. And, uh,
Starting point is 00:04:34 and so we get to the gate, we're sitting there and I've got like a, I've got like a rag on my head and I'm like, cause I'm pushing it slowly, but surely it's kind of bleeding less, right? Less is going along. And I'm like, all right. Um, you know, I tell him Gidget and I'm like, you know, we can, we can make it, we're going to be fine. Look, we'll just get there. If it's still bleeding, I'll keep pressure on. It's fine. So we get on the plane and kind of sneak past the flight attendants. Cause I'm figuring open head wound is kind of a guaranteed
Starting point is 00:05:01 kick you off the flight. I'm figuring it is something about it. The Geneva convention. It is. So I get in my seat, I'm still holding, keeping pressure on it. Cause you know, that's going to stop it. And, uh, anyway, we get to the hotel, we make it all the way there. And I go, let me take a video of it. Let me see what we're working with. And so she turns the video camera on. I look at it and I'm like, Oh, she's like, is that like coagulated? And I think, I think that's actually the word. So we go, we go to Quick Care in Huntington Beach, which oddly enough, my Nevada insurance, it was cheaper to go to Quick Care in California than it was here. It's a win. Yeah, it's a win. I don't know how to do it.
Starting point is 00:05:34 And of course, they're like, we're going to put some staples in your head. And I'm like, OK, see, that's what you're not going to do. Because, you know, Dr. Google, I'm here to tell you how to facilitate. I read it on WebMD. Exactly. I read it on WebMD. Exactly. I read it on WebMD. I do my own research. Exactly.
Starting point is 00:05:50 So I'm like, you're going to glue me back together and I'm out of here. So she brought in two nurses and they pushed it together and then she glued it and was done. And she's like, you know, the staples aren't going to hurt. I'm like, I'm not scared of the staples. I don't want to have to come back to the doctor. I don't want you to shave my head as I'm going to this mastermind group. That's what I don't want to do. And so they glued me back together and I was no worse for wear and got to the weekend.
Starting point is 00:06:13 But what I want to talk about today on today's show, let's get to it, is one of the things that I sat through that I think is super interesting and was super really cool was one of the guys in my group, Ryan Steumann. He's known by the Hardcore Closer online. If you don't follow Steumann, go follow him. He's a good dude. He's not for the faint of heart as he probably would say. He's not everybody's cup of tea,
Starting point is 00:06:34 but he's probably your shot of tequila. But Steumann did a deal where at one point he went up and he just said, hey, these are my 21 rules of money. And you think to yourself, man, I'm good with money. Why are we teaching you know, this is why are we teaching elementary stuff? And some of it was rudimentary. Some of it was stuff like, yeah, you can tell your kids don't
Starting point is 00:06:51 get it. And then a couple of these on these lists, when he said it, it was very profound for me. And I was like, wow. So first and foremost, this is not my list. This is Ryan Steumann's list. I want to give full credit opinions of ryan's opinion no no it's not it's not that counselor what it is is i i loathe when people hear something interesting and then try to pass it off on their own yeah this is 100 steumann credit 100 hardcore closer so let's jump into them so what i'll do is i'm going to kind of lay them out this is if we can get right into this now we're called has some new equestrian Olympic thing. No,
Starting point is 00:07:26 I just, this reminded me of something that happened four score and seven years ago, actually stealing people's thoughts. Back and back in the day. I just, you almost hit me in the parking lot. And well, that was intentional.
Starting point is 00:07:40 Yeah. But I thought you noticed that I was pretty quick on my feet and pretty athletic that I thought maybe you would be like, hey, you know what, after seeing that, you jogged really fast. You could be a good jogger. I'm taking that as a challenge now in the parking lot to see how athletic you are. I wasn't really trying to hit you, but now I will. Even if I just did the speed walk technique, you ain't hitting me. Assumption of risk, Colt.
Starting point is 00:08:06 I know. Exactly. He's assuming the risk for this situation. So I'll say this. I'll say I'm pretty sure, like I wasn't trying. I have a better chance of being able to run you over with my car than you do of being a speed walker. No way. No way.
Starting point is 00:08:20 If anybody wants to take me up in your sport, I will take you on. This is what's known as an illegal contract, ladies and gentlemen. Illegal contract. Thank you. Is this illegal? You know what me and John used to do when we needed to bring it back? We used to have little bets on Fridays. We did have Friday bets.
Starting point is 00:08:36 We made one of John's right-hand women. Yeah, my assistant. Could she squeeze into the mini fridge? Mini fridge. That is a great challenge. She's like 5'9". That isn't intentional infliction of damage with a vehicle.
Starting point is 00:08:49 But he's not catching me. That's the theme. I guess if you stop me, it's different. At some point, he's asking. It's assumption or risk, Cole. We could draw something up. At some point, he's asking for it. Go ahead. Take me on, you guys guys with any car you want oh just oh my god i mean what
Starting point is 00:09:09 is happening you have to run over number 13 is just off the rails already i'm sorry guys all right okay because there won't be a 14 eulogy this is definitely going to be evidence used so let's jump right into these rules um i wrote them down as he was saying i thought it was good so well i'll tell you what they are and then we'll discuss them real quick so it says when let's go back that was wrong page hang on let me get on the right page here real quick oh again anybody want to take me on sports no no no it was uh the first rule was live on 70%, invest 20% and give 10% is what it was. And, you know,
Starting point is 00:09:49 he ties 10% to his church. If you're not in a church, give to charity, do what those things are. And I like that. You know, living on 70%, always living on 70% of your means,
Starting point is 00:09:58 you know, paying yourself first and living with it. I think in this day and age, way too many people, and I'm going to give Gary V Carter for this one. And it's still from him as well. Is he, I like a this day and age, way too many people, and I'm going to give Gary Vee Carter for this one. And it's still from him as well. Is he, I like a comedy says he goes,
Starting point is 00:10:08 people go broke buying shit. They don't need to impress people. They don't know. Yeah. That's an old thing. I don't know. I'm not even sure if that's Gary Vee's really. That actually might've been Socrates said that Socrates buying shit to impress
Starting point is 00:10:23 people that you don't. Yeah. I think that is actually a Tyler Durden-ism. Is that a Tyler Durden-ism? I'm pretty sure it is. But the point remains. Who would have thought Fight Club would have made it into the show twice in the first eight minutes? I mean, I would have put money on it.
Starting point is 00:10:33 It's one of the most profound movies of the 20th century. So, yeah, that is completely a reasonable way to go. I had a conversation with someone today talking about how kids, 52% of young adults live with their parents, which is the highest ratio of that statistic since the great depression, even including the great depression. Really? 52% of young adults live with their parents, which is completely understandable because we live in a culture where people
Starting point is 00:10:59 don't live on first off their means. What constitutes a young adult? Is that like under 25 or like, like what I got an 11 year old that thinks she's 35, which is literally legal adult, a legal adult What constitutes a young adult? Is that like under 25? Probably under 25. Like what I got, an 11-year-old that thinks she's 35. That'd be literally a legal adult. A legal adult. A legal adult, right? Where kids don't move out at 18 anymore.
Starting point is 00:11:10 They move at 19. Have you met an 18-year-old lately? They're not the same in a couple of decades. I promise you this. You want to come see two 18-year-olds that are moving out? I'll show them to you. Come to my house. My kids are well aware.
Starting point is 00:11:21 You can't tell 18. You're out at 18? Oh, yeah. I will pay for school, or I'll pay for this. But you ain't living at home past 18. What at 18? Oh, yeah. I will pay for school or I'll pay for this. But you ain't living at home past 18. What about college? No, college. I'll pay for that.
Starting point is 00:11:29 You'll pay for their lodging somewhere else. Absolutely. But you want them to get out at 18 to go live their life. Absolutely. And as long as they're in school and doing what they're doing, I will invest, support, and do those things. Yeah. But I'm not doing the 25-year-old living off me.
Starting point is 00:11:42 I'm not doing that. But are you saying that because you don't want them going to UNLV? No. No, no, no. Because they lived here. No, no. Even if they went to UNLV, they're out. You're going to go live in the dorm.
Starting point is 00:11:54 Go live in a dorm, go live in an apartment? 100%. You'd rather pay for an apartment? Yes, I would. You'd rather go to school? Yes, I absolutely would. And here's why. Because I think, you know, anymore, I think you go to college to learn how to be an adult.
Starting point is 00:12:05 Sure, right. I mean, in most cases, unless you're a professional like yourself, we talked about this in the past, you're not going to learn anything in those classes that you're practically going to apply into day-to-day life. Right. But you're going to learn how to do an adult. You're going to learn how to think, too. Yeah, you're learning how to think. And I don't think you're able to do that if mom's doing your laundry and making your laundry.
Starting point is 00:12:23 I completely don't disagree with that. I think 18 is a little young now because there are no expectations of maturity at 18. There just aren't. I know 17-year-olds that weren't allowed to work. Their parents are like, you're not allowed to work. You'd have to take the car and be out at night. It's just helicoptering. Nope, not at all.
Starting point is 00:12:42 I mean, again, I think that's just that. I think if you look at a lot of how mid-20-year-old folks act these days, they're a product of that environment. And my kids are just not going to be a product of that. So that's good. Yeah, totally agree with the 70-20-10, though. Yeah, 70-20-10. And here's what I thought was interesting. If you're somebody that's like, man, I couldn't afford to give 10,
Starting point is 00:13:03 he flipped that in a weird, interesting way from the stage. And he was like, look, here's the deal. Even if you've never given 10%, trust me, if you do it, you won't miss it. You won't even realize that you did it. And then it almost becomes like a flex that you can give away 10% of your income and you don't even notice. Here's the thing, though. In all fairness, you guys are talking about individuals that are highly ambitious.
Starting point is 00:13:23 Like you were saying, you're going to a room where, you know, you don't want to be the most ambitious person in any room you're in. No. So he's not giving this speech to kids who are at Starbucks trying to pay college tuition. No, no,
Starting point is 00:13:33 no. But, but he, but he fucking should be. Parents need to give this, these lessons to your kids. I'm actually speaking. It's so funny how,
Starting point is 00:13:40 how the world works. I'm doing a, I got invited to speak for a neighbor at the national association of Hispanic realtors. how the world works. I'm doing, I got invited to speak for NAREP, the National Association of Hispanic Realtors and they want me to speak on wealth building and money management is what they want me
Starting point is 00:13:51 to talk to their agents about and I said, cool, and then I went and sat through this and I'm like, thanks, Newman. I have to prep
Starting point is 00:13:57 for this speech now. I'm just going to roll this out because honestly, this is the best, when you hear some of this stuff, it's the best information ever. Some of it's freebakes, like I said,
Starting point is 00:14:04 but let's move on. Number two, if you can't buy something with cash, don't buy best. When you hear some of this stuff, it's the best information ever. Some of it's free to make, like I said, but let's move on. Yeah. Number two, if you can't buy something with cash, don't buy it. Totally agree. Live by that. Don't buy it at all. If you can't buy it, I mean, for me, honestly, I take that a little bit further, which is if you can't buy it twice, don't buy it.
Starting point is 00:14:17 And I also think if it's something that's a luxury or not a necessity purchase, wait four days to buy it. Totally. Go see it. Think about how you feel about it in four days if you wait four days to buy it. Totally. Go see it. Think about how you feel about it in four days if you still want to go buy it. He's talking about anything other than obviously the one thing where you should use leverage,
Starting point is 00:14:32 it's real estate. Yeah, we'll get to that. Anything that's not a mortgage. Yeah, that's- Anything that's not a mortgage. 100%. I financed one car in my life. Yeah, he said cars and real estate.
Starting point is 00:14:40 But I financed one car one time because my credit was hurting because I'd never financed a car. Yeah. It wasn't per credit. Right. It was like, how do you increase your credit? Yep. Now this, this next one was something that I thought was kind of out there. Well, not out there, but I just was like, wow, okay, cool. Never keep more than six months of living expenses in the bank ever. And here's why. Interesting. Here was the thought process behind it. Your cash that you have in the bank will never be worth more than it is right now.
Starting point is 00:15:09 Tomorrow, it's going to be worth less. Every day you leave it sitting there in a banking facility, it becomes worth less. Inflation is a real killer. Yeah, it's a real killer. Especially this year. Yeah, so you've got to get that money out into the world working into appreciating assets or cash flowing assets as soon as possible. If you leave it sitting in a bank, you're nuts. And the reality of it was so many of us in that room have – you get a little bit of a big lifestyle.
Starting point is 00:15:36 You have a lot of responsibilities. You have this. You tend to want to – you feel like, oh, I'll sleep better at night if I see big bank accounts. So I know that I can go two years and not have to worry about anything but the reality of it is and what he said was he goes dude everybody in this room you're a hustler like yeah you're no matter what happens you would turn it around in six months yeah that's that's a really great point and uh just from a legal point you don't want to have that much cash on hand to be sued anyway yeah yeah yeah which is which would be you said 12 months of living expenses.
Starting point is 00:16:07 But you said you personally, and a couple shows ago- Too many. Have 12. And I'm reevaluating that. That's interesting. I actually have- Six? Truth be told, I have more than that cash in the round, which is just dumb.
Starting point is 00:16:18 It is. It's not useful. I sit there daily, and that bothers me. I'm the same way as probably John. I'm on board with all these so far. I think they're great. Yeah. Okay.
Starting point is 00:16:26 Next one. Don't waste money. I thought that was pretty obvious. Don't just waste it on frivolous things. Respect money. Uh, the next one, don't spend money based on emotion,
Starting point is 00:16:34 uh, just cause you like something or, or if you want to invest in a product, if you love the person and the person is one of your best friends, don't invest in their business cause your friends. No invest because you like the model. You like the product. Do you think you understand the roi you know there's going to be a good exit on it make sure you're making your your business investments based on solid data
Starting point is 00:16:52 and not emotion whatsoever literally couldn't agree more on that one too yeah all right um when investing do your own due diligence um don't just take somebody else's word for it do your own due diligence. Never use a credit card or carry a credit card balance unless the interest rate is zero. If the interest rate is zero, you can use it to leverage to do other things, but never carry a credit card balance. I totally agree with that. If you have a credit card, you should really just be using it to pay off balances every month using it for points. Yeah, using it for points. And we're going to have your point hacker on here at some point soon, which is great is great um but yeah you should do that never spend
Starting point is 00:17:29 more than you can afford to impress others i thought that was obvious we just talked about that um and this was the uh this was the this is where it started kind of interesting this is like one of my lessons for my kids treat every dollar you get like you worked for it i like that what i mean by that is like so often like people are like oh i get a you know i get a dollar i get money from grandma on a card yeah yeah so i immediately think i need to run to the mall and just buy some nonsense with it you make equivocations if it wasn't from a check yeah you're like well i didn't earn it which is exactly why you know lottery winners come out broke because they're like why didn't i didn't work for it so if you treat every dollar you ever get like you actually had to go to work for it. Well, it's like Tosh
Starting point is 00:18:08 says, Daniel Tosh, the comedian goes, there's a reason lottery winners go broke. And that's because if they were any good at fucking money, they wouldn't be playing the lottery tickets. It's true too. No, no kidding. They wouldn't have that. Um, never have more than $1 in your, I'm sorry, never have more than, I'm sorry. Never have more than $1 in your bank account. I was like, where's this one going? I should have been a doctor because I can't read my own handwriting, which is crazy. Never leave all your money in one bank account. And I preach this religiously.
Starting point is 00:18:41 This is something that I religiously preach. Whenever I'm talking to new agents or new people that are coming, especially in real estate, it's so important. Because in real estate, you get these big checks, man. And I see it all the time where realtors get a big check and they go on what's called the real estate roller coaster. Which is, you know, I'm broke and I work and I get a huge check. And yay, I'm rich, I'm rich. And they don't work and they don't work and then they get broke. And they go up and down and up and down, up and down. So just like this, you need to have what it takes for you to exist on the planet in cash in one bank account. And
Starting point is 00:19:10 that's the account you see if you go to the ATM, the card, that's the account you see when you pull it up. Your other accounts for saving stuff, you don't even need to see those and forget they even exist because here's what happens. Mentally, you start to see those big balances and you're like, Oh man, I can, I can, I can relax and drink scotch in the middle of the day. I don't need to do anything. Cheers to that. Cheers to that. I'm comfortable.
Starting point is 00:19:32 I don't have to do anything. I can relax. Hypothetically speaking. Yeah. Hypothetically speaking. Not towards anybody at this podcast. Not towards anybody that's sitting at this. Let's pretend.
Starting point is 00:19:43 Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold desk. Let's pretend bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold.
Starting point is 00:19:45 Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold.
Starting point is 00:19:46 Bold. Bold. Bold. Bold. Bold. Bold. Bold. Bold.
Starting point is 00:19:47 Bold. Bold. Let's pretend that. No, but you just mentally get to a place where you're not prepared. That's very smart. Well advised. I mean, how many accounts do you have? I have seven, eight accounts, but I do keep too much cash in two of them.
Starting point is 00:20:00 Yep. Yep. But it's not. But do you see it often or no? No, I don't. And I intentionally don't look. I'm one of those people where I have taken steps personally to take, so my 401k is now all in cash, but that's sitting in an investment account.
Starting point is 00:20:14 I don't like spend from it. Yeah. But I want to take it out in cash because it's self-directed. I'm going to buy real estate with it. I have two other accounts that have two higher balances of cash. And the reason why, first off, you don't have all your cash in one account is because the FDIC only insures up to $50,000 of it in case something happens. Yeah, to your bank.
Starting point is 00:20:34 So you should never carry more than $50,000 in an account anyway, even if it is your living. It takes six months of living. Maybe you're nuts $9,000 still. You should only keep $50,000 in there. What about you, Colt? How many bank accounts're nuts. 9,000 still. Yeah. We keep 15. What about you cold? How many, how many bank accounts you got?
Starting point is 00:20:46 Probably five, five. Yeah. Probably. Do you, do you follow this? Do you keep just enough in there to pay? Do you know what I don't let me back up?
Starting point is 00:20:53 Does it let you have an account? She don't let me see anything. No. Yeah. I mean, I think that I also probably keep too much cash in accounts. And I think a lot of that has to do from the 2008, 2009 days. I think a lot of us, you know, realize how quick that happens.
Starting point is 00:21:12 So, yeah, I'm probably with you guys, probably five accounts. But I don't, I keep, I pay myself X a year, and that's my spending money. That's it. I know, I don't, because thankfully, you know, I don't really have to, but I don't live lavish. I don't spend a lot on crazy stuff. I don't buy a lot of things. Yeah. I don't have, like, because, like I said, I won't buy a car unless I pay cash.
Starting point is 00:21:35 Yeah. I bought my wife a car because I thought it was a good deal, and instead of buying it, because I save. I'm not a big spender. I don't go out and blow stuff. I don't go out and blow stuff i don't go out and blow it on expensive stuff i have the things i want that's enough that's enough that's good all right well here's the one this is the one that literally everybody was talking about
Starting point is 00:21:54 that we go from like super basics this is gonna kind of screw your head up so first off i'm guilty of some of these already yeah no no no no well well let me let me hit you with this one because this is the one that that i think everybody in the room was just like huh because especially being in the business we're in the real estate here it is never work for the same dollar twice now what he means by that is he goes look hang on hang on if he goes look if i earn a dollar in my main business if i earn a dollar right if i go out and i have to work if I have to show up at a job and I earn this dollar and I take my money and I go, cool, I'm going to go flip this house. Then I invest that the dollar that I just earned and I go out and I invested in this house. I'm going to flip. But then I got to go chase down the contractors. I got to go over there when the shit hits the fan. I got to go run the
Starting point is 00:22:43 squatters out. I got to deal with all this. I'm working to get my money back because I'm working again to try to re-earn it. He goes, I will go out and earn money. I'll go flip houses. I'll lever money and I'll go flip houses. But the money that I earn, 100% of it gets reinvested into hands-off passive, either cash flow investments or back into like loans or whatever else that it does 100% pass though so what say you connoisseur you guys you know i think that one's a really like i understand what he's saying but i don't think that actually pencils out because here's the thing if i want to invest in if i if i earn fifty thousand dollars and i want to buy a apartment
Starting point is 00:23:26 unit and I take that 10%, that 50 grand, I lever it into a half a million dollar building, 10%. Okay. $250,000 building, whatever. Just numbers don't matter. I'm not working for the same dollar twice. I'm working for the same 10 cents to get me another 90. No, no, no, no, no, no. But here's the difference. Okay. Okay. If you buy a hard asset, you buy an apartment building. All right. Are you going to run around and collect the rents every month? So that, that is something. So right now I'm doing that.
Starting point is 00:23:52 You're physically running around. We're buying a bunch of units, standalones. All right. And the third guy coming in, it's understood. So the first guy is lending him the money for it. Okay. I'm just passive. I'm just money in. Okay. So are you working for the same the money for it. Okay. I'm just passive. I'm just money in.
Starting point is 00:24:06 Okay. So are you working for the same dollar twice? I'm not doing it in that instance. Exactly. But the point being is that's the type of deal you need to seek out. That's the situation you seek out. And I agree in that deal. But here's the thing.
Starting point is 00:24:18 If I wasn't a 40-year-old lawyer who earns my money by not doing things other ways, if I literally inherited 50 grand and I'm trying to build wealth, a 40-year-old lawyer who earns my money by not doing things other ways. Right. If I literally inherited 50 grand and I'm trying to build wealth, you're going to have to work for your same dollar more than once when you're building wealth. You're going to have to because you're going to have to invest in yourself because it's – I understand the value of time, but I know people that it's better off for you to go be your own property manager
Starting point is 00:24:42 at first so that you understand what's happening so you don't have to do that forever. Right. I think there's periods of time where that's true, but I think there are also periods of time where it's not. Like everything I do, I equivocate. Right. But there are times when you're going to need to collect the rent checks. You're going to need to be there doing evictions and justice court. So when you hire someone to do all that shit for you, you know when they're ripping you off or when they're not doing a good job. Well, let me get back to another profound thing it's not not part of steven's deal but this is a whole nother deal that somebody said i remember who said this oh you know who said this uh i was at a breakout session um with my group and uh chris crone uh
Starting point is 00:25:16 from utah who's a gangster if you don't follow chris go check him out what else is in utah john all kinds of stuff yeah what's your favorite restaurant? Oh, you know what's not awesome? Chili's. You suck at Chili's. See? I almost blocked it out and forgot about it and bring it back like a wave of emotions. Just when I thought you were out.
Starting point is 00:25:35 Just when I thought I was out. Oh, yeah. Chili's is not good. I'm not done with you, Chili's. I'm not done with you. Anyway, back to Chris Cronin. If you don't follow him, check him out. He's awesome, too.
Starting point is 00:25:44 But during the breakout session, somebody at my table, because really what you do with these things, you sit through kind of a presentation through certain parts of it. There are speakers that come in. And we have some cool guests and stuff. I mean, Tito Ortiz came in this time because we're in Huntington Beach, and that's like his place. We had Emmett Smith one time. Just a lot of cool people come through and talk. But primarily what you're doing is you break out into individual groups several times with a lot of different people and you kind of unpack issues or challenges with your business and things that you're trying to overcome or whatever it is. And then use like utilizing the collective brainpower at the table, which there's a lot you get someplace. And what guy was having trouble with justifying or justifying replacing himself in
Starting point is 00:26:27 his business. And Chris Crone dropped and said, here's an excellent exercise for that. Take out a pad and just keep track of everything you do in a given week, whatever it may be, everything you do from answering emails to editing podcast, posting on Instagram instagram to all of the things that you do for your business and then draw a line to the right of it and write how much you would pay somebody to do that job right or how much you feel that you could get somebody to do that job now when you lay all this out and you put all of those in order i guess spreadsheet would be a better term use a spreadsheet but when you get that so you can sort use charcoal use papyrus paper yeah I mean you want to sort
Starting point is 00:27:08 I guess at some point otherwise you're going to have to erase and draw stuff it's going to be a pain in the ass anyway sort that and then from the highest to lowest and somewhere on that page there's going to be a line like everything above this line is secret sauce like I'm the only person that can do this
Starting point is 00:27:23 and I really wouldn't want to part with this much money to have this done. And then he said, quite frankly, never ever again, do anything below the line. Totally agree. Just don't,
Starting point is 00:27:32 don't Tiger Woods should never cut his own lawn. There's this old thing in economics about the opportunity costs. Cause you could go make a doll. You could go make a hundred dollars an hour while you could pay someone $10 an hour to do it. I agree. I always like to say, if you don't have a good assistant,
Starting point is 00:27:43 you are that. Well, they said that Bill Gates though, like to my other point though, that there is a point though, where just cause I don't want to do it doesn't mean I shouldn't do it. Right. Like when I first started off as a solo attorney, I was my own paralegal. I was my own assistant. I was my own runner and learning those things. Now I know what they take to be done. And I wouldn't have before my own clerk my own clerk. So those things, but otherwise, I completely agree that we don't understand our own economic value of time or the opportunity cost of replacement of ourselves. No, no idea. But I think that was such a good exercise. I've been meaning to get to it. I haven't done it yet. I had a busy day. I didn't have a busy day yesterday. I tried not to, but here's the problem.
Starting point is 00:28:29 So I have a great, like I've been trying to stop listing houses for probably two years, but I have such great, amazing clients that I love. And when they call me and they're like, I want you to either help me buy this multimillion dollar house or help me sell a multimillion dollar house and I enjoy them as humans. I don't say no. Cause I, I, it's, it's great return on my, on my time. Sure. And I love them and I love doing what they do. Anyway, my client yesterday, Michael, who is a international banker that lives in Moscow, uh, I've bought and sold many houses for Michael. Michael is a wine aficionado, right? He's a wine aficionado. And I go to his house history cause he's finally decided to pull the plug completely on Vegas and he's just going to be full time in Moscow.
Starting point is 00:29:08 Well, the problem is he's like, I can't take my wine. I can't take it. So, so, so it's 1130. Now I learned,
Starting point is 00:29:17 I don't know who was like Floyd Wickman or some dude a million years ago when I got in real estate and you get there, super closers seminar, whatever it was, it came with cassettes and a hard and a paper binder yeah whatever it was and uh it said you know like if your client ever offers you a drink you never say no if it's if it's tea you drink tea if it's coffee you drink tea coffee if it's water you drink water dude this dude was cracking open like it's 11 30 in the morning. Opus one. No, more.
Starting point is 00:29:46 Yolo. He has this incredible reserve stock of the Spanish wine that he flew in. It's impossible to get in the States. We're cracking open the Stag's Leap, the super reserve that's like 900 a bottle. He's like, let's drink it. Drink it. Thanks for the call john yeah no no no kidding so anyway so my my listing appointment which normally you know they take
Starting point is 00:30:10 30 minutes i'm there for three hours and uh to the point where yeah i did kind of hang around drink up a coffee for a while before i left and uh yeah so so my whole day got ruined yesterday but anyway back to ruin that sound like a ruined day yeah i don't know about ruin might be a tough word but let's talk about that so let's do this uh let's take a quick break when we come back we're going to finish it up talking about the hardcore closers rules with money hey it's john gafford if you want to catch up more and see what we're doing you can always go to thejohnngafford.com where we'll share any links that we've, things we talked about on the show,
Starting point is 00:30:49 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. Back from the break, boys. If you're just catching us on YouTube my name is john gafford of course with me as always colt amadon and chris connell counselor today we're discussing or part two part de if you will if you will
Starting point is 00:31:19 of i was at my mastermind group this weekend the avengers in uhton Beach, I mean, he was this weekend. Of all the cool stuff we learned and all the stuff that I went through that I picked up, Ryan Steumann, the Hardcore Closer, if you don't follow him, go check him out over on Instagram or really on any channel. The guy's omnipresent, which is good. But yeah, he did a deal where he was the 21 laws, his 21 rules of money. Some of it rudimentary and some of it was very eye opening. We've already been through a lot of it so far which was good had a little bit of a difference of
Starting point is 00:31:50 opinion on the never work for the same dollar twice i see i think i still think that i want to go back to that for a second yeah okay because i think i think you're you're trying to say that you have to do that if you're building up i think there are – so it's one of these things where there's always – for examples, right? There can be these – nothing is monolithic, though. Nothing is going to be just like this. Sorry, Colt. What was that?
Starting point is 00:32:15 Can you spell that? Spell that, Colt. It's called mono. He's got a bad cough, and he was ruling out things. One of them was the kissing disease. But, no, there's times like i remember a time in my life i um paid for my own college coming up and i had negative nine thousand nine hundred and eighty one dollars in my account i had a line of credit for ten thousand okay but
Starting point is 00:32:38 again again that's an investment in yourself that's not working for the same dollar but that's not what so what i'm saying is i couldn't give 10 of anything to charity like i was literally starvation i used to take food that they were going to throw at my restaurant and that's how i ate for the week until i got a bus boy shift where i'd make 50 to be able to buy books and bus fare so i was taking a bus i was living with roommates i literally had no money i see again i'm gonna argue with you on that one because there are people that i know um there's a kid named caleb maddox and i kid anymore now he's a grown man but i've known caleb since he was probably 13 uh he was like the young tony rumsgott guy and his dad's a wonderful
Starting point is 00:33:14 wonderful guy and they always said it when they were times were hardest when the fridge was empty uh when nothing they had nothing that's when it was time to go give that wasn. It was time to go out there and give to the world. And maybe it's not money. Maybe if you don't have money to go do that, maybe it's just going to give them back somewhere. And I did. I started a charity back then because I was walking by homeless people all the time. And I was a young idealist.
Starting point is 00:33:37 I was 21 years old and walking by homeless people. So I started a foundation, a little thing for myself. Back then, I would walk by homeless people and I'd say, hey, I'm making it and I got nothing. You literally have a greater net worth than me because I have negative $9,981 and you have zero. I would trade financial positions with you and I would become way ahead. I never thought I'd get out from under $10,000. Yeah, there were a lot of times in my life when the goal was to get back to broke. I was just trying to get back to square. Get back to zero. If I could be square, I'm rich. Just get me back to zero. I was just trying to get back to square. Get back to zero. If I could be square, I'm rich.
Starting point is 00:34:06 Just get me back to zero. I lived for four years under that revolving line of credit where I'd go, pay it down, and work busboy shifts. So there was a point. So I did. I started a foundation where I said, you can't get a job? It was one of those things where I thought that the job was bad. So your foundation was yelling at homeless people on the side. It was like, what?
Starting point is 00:34:21 You can't get a job? Are you lazy? You can't have my money, but you can have my time. Oh, there you go. And I was a was young college student so i had access to computers this is 2000 i mean like it sounds funny but so i was like give me your information i'll type you up a resume this is back in the day i'll show you how fucking old i am i'll type you up a resume i'll send it out to people who have you know free classifieds because i had the university library at my hand so does everybody else yeah i could live without money. I could entertain myself for free. I know where resources
Starting point is 00:34:48 come from, but a lot of people don't. So these people that guys like, oh, I got my forklift license. I could do this. I could do that. I just can't find a job. I'm homeless because I can't find a job. So I said, I guarantee you that I can fix that. And I have no money, but I have enough that I can mail out your resume or drop them off on my way to whatever send it pony express i'm gonna get this guy a job i have that power and i think that was a flex were you were you successful with this i got a job interview guy never called me back so that that was that was round one and there's a lesson that was there's a lesson that was a lesson then i did it again and again so probably after five or six
Starting point is 00:35:23 people i stopped yeah but i was dedicated and i did it and i felt fall through and i kept getting calls and callbacks for jobs then i realized whoa i don't really understand why it's not that they can't find a job that is not the right it's a lot of times the mental health issue addiction whatever but i was at an age where i didn't understand that people have different motivations and reasons for whatever so that i remember was very very disheartening i didn't let it completely destroy all fucking people are this in that way yeah but it did open my eyes that it's not always that people need a handout or a hand up or whatever sometimes people have other things going on or you know i still to day, am salty about it because I really, really cared, and I tried more than I just was like, hey, I have the power to do this.
Starting point is 00:36:12 Watch this. I think that's a youth thing. I think everybody's burned in a situation like that where you have this project, and you're going to help this person, and you're going to get them back on the square person and you're going to get them back on the square and you're going to get them moving in the right direction and uh you know pretty soon you kind of realize there's some sort of ulterior thing going on alternative deal that maybe alcoholism or drugs or whatever it might be that is why aren't there any mansions in alphabet city it's like wow yeah because sometimes you invest in places that have you know uh you know aren't great places to invest a lot of times,
Starting point is 00:36:46 your time. So that's where I learned a few hard things. I think you try to help people out and you'll learn that. Some people learn it earlier, some people later, but the world can't help everybody out. And I think that's why you see some of those missionaries.
Starting point is 00:37:00 What was that one of those missionaries that got on a boat trying to help out that little island in Milneau? It was a guy who was told not to go there i thought it was too weird no no you're exactly right it was a guy he paid these fishermen this is off the indian coast and he got murked because they're like don't come here and he's like oh i'm gonna bring you jesus with spheres well because yeah is there top five worst ways to die? Being speared to death on a boat. Take a spear in the neck.
Starting point is 00:37:30 It's got to be close. Let's see. Okay, let's go. Why not, Colt? You know, whatever you are. Take a hard left here. But whenever he tosses one into the ring, I think we owe it to the world of entertainment. Top five worst ways to die.
Starting point is 00:37:44 Here we go. Hard left into Colt's brain. My top five? Yeah. I was asking your top five. I've died to hear this. What would be the worst? Let me start number one because I don't know
Starting point is 00:37:59 how. I don't want to get number five and then forget number one. I think burning alive is number one. Burning alive. Burning alive. Okay. Second is drowning. Drowning.
Starting point is 00:38:09 Third, possibly be a spirit in the next. That's possibly number three. Number four, just dying at, because your wife chokes you. That's a real threat. That's a real threat that's a real number five i think would be like dying being an equestrian person because the horse got mad at you number five so this is obviously a kid that didn't spend too much time reading about medieval torture no no no no there's one where they heat up a cauldron and put a rat on your
Starting point is 00:38:50 stomach and it literally eats its way through your organs i'm gonna take drowning over that because it's that is literally a pain painless yeah have you seen the ones where they hooked your arms together and see this you guys gotta give me more time take my top five next time you picked drowning drowning have you ever almost drowned it's a fraction of a second it's pretty peaceful in that moment actually mine was scary as shit and some random guy looked like an angel came out of the woods and saved me that's a true story wait what yeah i almost drowned once again i'm gonna take that over the rat in my stomach how do boiling cauldron. How do you pass over the angel guy out of that? Because it's cold.
Starting point is 00:39:26 I thought he was kidding. No. It's a real story. Listen, listen. Because the evangelicals are going to come out and be like. No, no, no, no, no, no. Listen, listen. You know how they say when the surf's up, you got to surf?
Starting point is 00:39:35 I mean, when it pops up, you got to go. The waves high right now. Yeah. So I was super young. Okay, go ahead, Colton. Super young. With my brothers, we were camping, and there was a little bridge that was the river was flown over it because it was such a high flow. And my brothers were older.
Starting point is 00:39:53 They got across that. I didn't. I went in my older brother. My oldest brother took off running. Asshole just left to drown. But I was hanging on one little rock my he's thinking he's thinking more christmas presents i'm pretty sure this is like half the first episode of lord of the rings they're gone pretty much everything in my life's movie so then my my middle brother
Starting point is 00:40:16 grabbed me he went in he was holding on to the the bridge thing uh we're under i could not swim at this time i was was a goner. Some guy came out of the woods, grabbed us, put us up. He was white-haired, white-beard, everything. Santa Claus? Kind of. And then he just put us there and walked back into the woods. Did you offer to get him a job
Starting point is 00:40:38 and then he didn't show up for the interview? Why would you go angel and not Santa Claus? Yeah. He said white-beard. Sorry, that's what he looked like. not Santa Claus? Yeah. He said white and angel. He said white beard. Yeah. Well, I'm sorry. That's what he looked like. Was he chunky?
Starting point is 00:40:49 No. Was he too skinny? He was like 6'2", probably 190. Too small to be Santa Claus, but probably too big for an angel. This is the Doc's most interesting man. Let's back up. Let's back up. So you're not old enough to know how to swim.
Starting point is 00:41:05 But I'm old enough to know a guy's 6'2". Yeah, you can profile a guy to 6'2 and 195. You can size him up that quick. When you almost died, you smelled of sandalwood. You smelled of sandalwood. Sandalwood. You smelled like meat and cheese. Yeah, I almost drowned.
Starting point is 00:41:18 It was not peaceful, Chris, for sure. No, no, no. Yes, I understand the moment the panic arises. But I'm sure the moment the panic arises when you're being ripped limb from limb by the four horses of the... I guess we should have gone top five. That whole brave heart thing?
Starting point is 00:41:32 Oh, you don't want to go with the horse would be? You know what? I don't like Mel Gibson, so I don't like... Did you watch the Viking show? Yeah. You ever see that? Oh, yeah, yeah. The blood eagle thing.
Starting point is 00:41:42 If you didn't see that, see, this is what they do. They would... And I don't even know if this is like a real viking thing it just was on the show but apparently they would take you and tie you up on a tie you up on a on a deal with your arms up like this right with your arms straight out and they go behind you with an axe and they would cut you in the back to where it broke your rib cage but not enough not enough to kill you but to kill you and then they would reach in and pull your lungs out of the slits so they were on your back like wings. So like you're dying right at that point.
Starting point is 00:42:12 Yeah, and if you cried out, you didn't get to go to Valhalla or whatever it was. Is that real? Odin has a bunch of rules. Valhalla is very specific because you have to die brave. Yeah, you can't be a wolf. You can't be like a – Not die brave. You and Mel Gibson both love angels, and I because you have to die brave. Yeah, you can't be a wuss. You can't be like a... Not die brave. Yeah. You and Mel Gibson both love angels, and I think you'd both die brave.
Starting point is 00:42:29 Yeah, I'm pretty sure of... Me and Mel Gibson have nothing. You and Mel Gibson both have a spot in Valhalla. If you showed up at Valhalla, they'd be like, what happened? You're like, well, my wife told me to shut up, and I didn't listen, and now I'm here. I guess I should reach out to top five. I'm thinking. I'm thinking.
Starting point is 00:42:46 Oh, Vett's going to Valhalla for sure a place oh that's going to valhalla for sure yeah she's going to valhalla again i don't know if i've told you this but every single father's day i call and wish event a happy father's day that's a true story that's a true story every single father's day happy father's day buddy and this is why i don't like you guys i I don't even know how I got stuck on that. I'm shocked I stayed here for 13 episodes. I know. I know. No, we love you, Scott.
Starting point is 00:43:10 We talk about money strategy. Money, yeah. How boring would this be if we were talking about this? But everybody's sitting there thinking, how would the worst way be killed? Now I think of it getting your head caught off the way you're alive. Do you think that people like that show because the Vikings are so handsome, John? Is that why? Because you get your wife to watch it?
Starting point is 00:43:26 My wife refused to watch it. My wife. That's why John watched it. Did she? She's the biggest girl crush on Lagertha. Oh, yeah. Dude, I loved it. That was one of those shows where I would watch it and my wife hated it, but it was
Starting point is 00:43:36 cool because it became like, the only time I could watch it was when I was on the treadmill. Yeah. So then it's like, okay, I want to be on the treadmill all the time because then I can watch this show. That was it. So that became my thing. I stopped watching when Ragnar died. Oh be on the treadmill all the time because then I can watch this show. That was it. So that became my thing. I stopped watching when Ragnar died. Oh, did you?
Starting point is 00:43:47 Yeah, the sons. We haven't watched that season. Oh, you haven't watched this? It finishes up pretty solid. Yeah, I know. Pretty solid. But the earlier stuff, I like the earlier stuff better.
Starting point is 00:43:57 I like the Ragnar. Did you watch it? There's another one, Last Kingdom, if you watched that one. No. Similar idea, equally as good.
Starting point is 00:44:05 Do you ever just think of those shows and think about how horrible it would live to be in a time, not only when life was just difficult like that. I'm talking about pre-Novocaine. Have you ever had a toothache? You know they say, I have a time machine. You can go anywhere. I'm like, the day after they invent Novocaine. Because having a toothache and having someone smash it out of your face.
Starting point is 00:44:26 Oh, no, they're going straight. What was it? Castaway when he takes the skate and just bangs it out with the rock. God, six. They pull a tooth, you're passing out. Was that not the worst movie ever? Castaway?
Starting point is 00:44:37 Top five worst movies. Welcome back, Colt. Welcome back to the conversation. Colt, what would you say are the top five worst movies? You're throwing Cass away there. Honestly, I could go... Saving Private Ryan? Saving Private Ryan?
Starting point is 00:44:51 Don't like it. I don't think you're not allowed to like that movie. Forrest Gump? Horrible. Castaway. Absolute. Horrible. Hate him.
Starting point is 00:45:02 Can we go back? Can we go back? I think now after hearing this list, I'd rather hear the top five movies you think are good i think i'd rather hear that point i think i'd rather hear that give me a second to think about that i'll tell you mine mine are at the top all right good good fight club seven the game usual suspects and american psycho okay i'm there with you with I'm there with you with Seven. I'm there with you with Fight Club. I'm there with you with Usual Suspects. The Game.
Starting point is 00:45:29 A lot of people haven't. With Michael Douglas? Michael Douglas. And Sean Penn. Yes, Sean Penn and Michael Douglas. It's Fincher. Yeah. That is the most.
Starting point is 00:45:38 See, for me, I'm going to go, I think Pulp Fiction is just. But then like five Tarantinos are six to ten. I know. You've got to kind of put them all in there. And then they're all just like... Tarantino is probably my favorite director and then Fincher, yet Fincher has three of my top five.
Starting point is 00:45:52 And I would say... And that's your number one? Godfather 2. Yeah, it's a great film. Godfather 2. But I don't get... I don't think about Godfather in the way I think about Fight Club
Starting point is 00:46:00 on a daily basis or Pulp Fiction. Remember that video John was shooting for Simply Vegas real estate. No, it was for the simply group. Some of the simply group. That is just cool. There's just something cool.
Starting point is 00:46:10 California. It's lifestyle. It's interesting. Godfather's got a place. Yeah. Apocalypse now has a place of it. They have these things, right?
Starting point is 00:46:19 But I don't sit there and crave to watch Godfather two. No, I'll watch fiction right now. Okay. Well, okay. Let me ask him, let me ask him more important question. All right. The mix cult still trying to figure out what his top five favorite movies I don't sit there and crave to watch Godfather 2. No. I'll watch Pulp Fiction right now. Okay, well, okay. Let me ask a more important question.
Starting point is 00:46:30 All right, the cult's still trying to figure out what his top five favorite movies are. Not Tom Hanks. Not big. Not Tom Hanks. Not big. Not big. Oh, big? He's like big. No, he was in that with two.
Starting point is 00:46:36 Damn it. He was in that one. I can't go there. No. I'm telling you, there's going to be something like 20 years. It's going to come out. Tom Hanks. You've got me. I can't do that with you. Horrible. Yeah, I think it's. Tom, Hanks. You've got me.
Starting point is 00:46:45 Ah! I can't do that with you. Horrible. Yeah, I think it's. They're all horrible movies. Okay, listen. I can kind of appreciate where you're going with it, because this is how I feel about Mumford and Sons.
Starting point is 00:46:54 Like, I went to a Mumford and Sons concert. Carrasco dragged me to one. Yeah. Right? One time, one point. This is when they were first coming up. And I'm sitting there, and I'm watching this band, and I'm looking around at the at the crowd and i'm like none of these people know the words of this song yeah they're all kind of head-bobbing but nobody really knows what's going on and then you're like
Starting point is 00:47:14 90 of the people are here because someone told them this is supposed to be good that happens a lot of things like i think that's why everyone liked the movie Crash and the movie Avatar because people I like Crash that's oh my god and Tom Hanks was not
Starting point is 00:47:30 yup I got my number one worst movie ever he's gonna say Star Wars he's gonna say Star Wars he's never seen a Star Wars movie and you know what
Starting point is 00:47:38 Norm Macdonald did you know this he's never seen a Star Wars movie actually went off the same one of the new ones any of them they're horrible cause I of the new ones? Any of them. They're horrible.
Starting point is 00:47:46 Because I'm not a freaking little 13-year-old nerd. What are you talking about? No Empire Strikes Back. No Jedi. So I'm not a big Star Wars guy. I had this stuff as a kid. I don't go back and nerd out. But those are unbelievably good movies.
Starting point is 00:48:03 The Hero's Journey, my my friend it is the hero's journey from beginning to end you know what i hate indiana jones yeah it's like what are you talking how do you hate that you know what the ride's a lot better than the movie cool you've never seen a star wars never never even the one two and three that came out we had this discussion one day and he said, and this came out of his mouth. Ready? This came out of his mouth. I don't care nothing about Dark Vader.
Starting point is 00:48:30 Okay. So me and John, how did they miss that? How did they miss that? How do you go Darth Vader and not Dark Vader? You're putting me on. No, I swear to God,
Starting point is 00:48:43 he believed me. I know there's cameras here here but this is the thing it's like yeah this is real let's see how dumb connelly this is real this is real how did they miss that now that you think about that fucking two people on earth that would have this conversation with oh this is real percent of humans on earth that i could have this conversation with are literally in this room i know statistically this is more improbable of you being a olympic speed walker what is that dark vader's a better name the riders it's not that up darth is a title it's yeah it's just it's not dark because he wears black but he should and he's a
Starting point is 00:49:21 bad guy everything in badham's darkness the level of sophistication it's not he's you know what's hilarious do you know what's hilarious one of my top 10 favorite movies space balls i'm not saying you're wrong but i've never seen uh star wars so how could i dark helmet yeah is it dark helmet big? They nailed it for you. Mel Brooks is laying. Mel Brooks? Oh my God. Why would I not know this? How does this not come up? I don't know.
Starting point is 00:49:51 I forgot about it. There's so many gems like this. No, fuck money. Cool. Dark Vader is a way better character than Darth. Have you ever met a guy named Darth? Not somebody you want to go drink with. I love it. Or anything. He's married to it. have you ever met a guy named darth not somebody you want to go drink with i don't know about anything have you ever met anakin he doesn't have to do it
Starting point is 00:50:14 darth vader is anakin skywalker chris though dark vader is a better name for a villain than Darth. I'm not afraid of anybody named Darth. Have you ever met anybody named Darth? The closest is probably Garth, who is scary as shit. Have you seen the Garth Brooks? Have you seen his documentary? That guy's got dead bodies in his farm with Trisha Yearwood.
Starting point is 00:50:44 You know, I totally agree with that. Actually, Colt's now back talking sense. It's Garth Brooks. If you ever watch it, he starts referencing himself as G in a third person. He's scarier to me than Anakin Skywalker. Oh, boy. Sure. He's got dead bodies.
Starting point is 00:50:56 But you understand that there's something a little bit more complex just about bad guys and good guys, right? These aren't like Arnold Schwarzenegger movies where it's like, that's the predator. And even that had nuance to it. I aren't like arnold schwarzenegger movies where it's like that's the that's the predator he's back and even that had nuance to it like the predator you didn't do what when i like predator do you know what arnold movie i like did you see the one where they say no a kindergarten it's not a tumor that that's the best part but no have you seen the one where the kid gets sucked into the movie yeah last action hero last action great film because it broke down the fourth wall yeah and in film that was an interesting
Starting point is 00:51:29 character thing to do yeah in 1994 whatever it was whatever it was so back okay god that was great so call it you still haven't come up with your top my top five would be casino number one it's a great movie there you go casino um Casino. That's a good movie, kid. You know what I like movie-wise that not too many people love? Man on Fire, Denzel. Yeah, I don't think I've ever seen Man on Fire. Yeah, come and go.
Starting point is 00:51:55 Okay, HBO, sure. Number three, maybe like Superbad. Great movie. Okay, yeah, come and go. You're like the North Korean judge at the Olympics at this point. It's just going to go left, field, or anything.
Starting point is 00:52:12 Siskel and Ebert are both fucking great. Are they both dead now? Yeah. Keep going. Number four would be I don't Keep going. Keep rolling. Number four would be... I don't like movies. You like Coco.
Starting point is 00:52:31 Sicario. I love Sicario. Great film. Number one. And I'd go Godfather 2. 2 was a great one. But more importantly, when you're at home by yourself,
Starting point is 00:52:41 no more Dark Vader. We can't have that discussion anymore. I could do that all day where he literally says it with sincerity dude he's married to it which is the best part about it one more time like you're going to say darth is his title starth is darth vader it's not dark i know that would have been better better name white what's darth is that his first name it's like okay you understand that there's a lot of things going on in the intergalactic space that Star Wars exists in, right? Do you realize that?
Starting point is 00:53:10 No, he's not real. Darth Maul. Darth Maul is a Sith. I think Vader is a Sith. This is going to be a long... I had a Sith taken out of my leg two weeks ago. Could you imagine if you're like... Now he thinks he has a Sith taken out of his leg two weeks ago. This is going to be a long... Yeah, I think we're like... Now he thinks he has a Sith taken out of his leg two weeks ago.
Starting point is 00:53:25 This is going to be a long... Yeah, I think we need to let this one go. Why is he a Vulcan and not a Vulcan? I don't know. Like Star Trek. I know people are being... Norm MacDonald was on this. What do you think of Star Trek?
Starting point is 00:53:38 Reading Rainbow guy? That's the only thing I remember about it. What? The guy from Reading Rainbow. That should be the... He should be the guy from reading rainbow that should be that he should be oh yeah he should be the new uh the guy with the jeopardy the thing yeah still one of my favorite memes horrible the meme where you said uh i got uh if you're having whole problems i feel bad for your son i got 99 problems but a breach ain't one i thought that was hilarious
Starting point is 00:53:59 that's as far as my star trek goes yeah we, we went to a Star Trek trivia. Yeah. By accident. Went to trivia night, my buddy and I. Because it's been a long time. Bar trivia's kind of fun. I bet you're good at that. I mean, it depends on the categories. If it's just general trivia, we mop up.
Starting point is 00:54:17 We went accidentally to a Star Trek trivia night. We ended up sitting. We recruited a nerd. Obviously, I'm not just going to sit there and take my lumps. Because I've watched a couple of the movies, maybe. And my dad had the show on. Like, i have no no idea that's it and um surprisingly there's stuff that comes up in pop culture where you kind of absorbed it but we we recruited a nerd who kept us afloat there for our first couple rounds and it fell apart oh god there was a gadget a million years ago when she was single my wife uh a million years ago john she's
Starting point is 00:54:43 only 35. no no but i'm saying when she was single we've been together forever but when she was single my wife uh a million years ago john she's only 35 no no but i'm saying when she was single we've been together forever but when she was single a long time ago the uh one of the the asian guy from uh from one of the star trek next generations or whatever uh used to come used to come to the palms where she worked and ask her out all the time and finally she acquiesced and went on like one date with the guy and then the guy was like you know oh i'm gonna take you to india to see all this stuff and i kept coming around the work and it was weird so they all nicknamed him to klingon which i thought was pretty appropriate i was pretty funny that's where we want to take her india life life life imitates art life life does imitate art but you know speak to me one
Starting point is 00:55:19 more thing about movies and this thing drives her nuts. So, obviously, it's not Star Wars for you, Colt. But you're home. It's the middle of the day. It's Sunday. The kids are out doing whatever with the wives. And you're on your own accord. John Wick 1. And you're flipping. And a movie comes on.
Starting point is 00:55:37 What do you watch? You are compelled to watch it every time it's on. Give me two or give me three. John Wick 1. Okay. I will watch Casino Royale with the daniel craig jay okay like that is just john wick two and three kind of whatever john wick one is just always time to watch john wick one and then probably uh born one which one what is it the
Starting point is 00:55:59 first jason jason board yeah born all right what do you got colt i can't wait to hear this no the only thing i was thinking now that you said that that who knows colt? I can't wait to hear this. You know what I was thinking now that you said that? Who knows, Colt, but I can't wait to hear. On Sunday, this was going through my mind because the only thing that's on is football, which I don't watch. And secondly is John Wick 1, which I watch. You don't watch football. No, I don't. But don't get me distracted. That's a whole other show.
Starting point is 00:56:22 So I got on Netflix and went through Netflix for like 30 minutes. Fucking there's so much to choose from. Garbage. So I go to Amazon. Amazon. Go through it. Garbage. I spent an hour looking for something.
Starting point is 00:56:38 Here's the thing. Within a year, I bet I could make a documentary on something and get it on either Amazon or Netflix. Just as good as I could be on a- You know what you should make a documentary on something and get it on either amazon or netflix just as good as i could be on a you know you should make a documentary on equestrian olympic equestrian or you know we can make a doc we could make one man's one normal man's attempt to make it you know you could you know you can make a documentary on the beat you could so do his training you chilies how crappy it is for you to serve somebody six margaritas and then have their car towed during a Garth Brooks concert. Chili's, that's what you should do.
Starting point is 00:57:10 Careful how you start throwing Garth around because he'll get a little worked up. I know you do. But for me, what are your moves? Casino. Casino. I could watch that. Honestly, there's not too many. Man on fire.
Starting point is 00:57:34 It's the same list. It's the same list. It's the same list. um man honestly there's not too many man on fire that's it i could have watched the matrix not like the matrix one never seen the matrix i turned on for 20 minutes it's fucking garbage oh do you want a good movie um we've never seen the matrix yeah okay. Okay, there you go. There you go. Matrix. I saw 20 minutes of it. It was garbage. 20 minutes of The Matrix and it was garbage. You watched The Matrix 1. Yeah, it was garbage. What was garbage about it? It's just stupid.
Starting point is 00:57:57 I don't like that stuff. You know what? It was great. Step Brothers. Great movie. Yeah, but I agree with you. I think Step Brothers is a great movie. Movies that i'm compelled
Starting point is 00:58:05 to watch whenever they're on oh my point break i don't know point break like my to the point that or was that no that's that that really happens point break uh that was on my list irvin cowboy i have no idea why i've ever seen it no clue why i have to watch irvin cowboy uh childhood nope talladega nights every single time it's all in dynamite and stepbrothers stepbrothers those four movies if they're on i'm watching them did you see what they uh named our is it our lacrosse team what did we get that they just named the i don't know if they had do they have an official name oh it's the night hawk night hawks yeah is that you know you know night wasn't that the part of the stepbrothers call me night hawk or something
Starting point is 00:58:43 i think it was. You know, our team owned by 99 himself, Wayne Gretzky. Wayne Gretzky, yep. Gretzky owns it. They're trying to talk him into playing Henderson. That'd be awesome. Have you guys seen his daughter? Jesus Christ. No?
Starting point is 00:58:59 No, of course. Of course. Oh, you guys say, of course, but that's a bad question. I'm more impressed with him birthing a beautiful daughter than his hockey career. I'm going to point something out. We're going to get to the rest of these rules about money. I know. We are now on minute 28 of segment two, and we haven't talked about anything except for-
Starting point is 00:59:19 Great show, guys. Lucky number 13, Jamie. Lucky number 13. So my first year university film art book about i took a movie class i did too the cover was the matrix i was talking about basically why what was so amazing about effects like bullet time the philosophy of it and it's just awesome to be like ah it sucked movie just horrible movie well just think real quick, in case you're wondering what the rest of the rules of money are as the clock winds down to one minute left, know your numbers always.
Starting point is 00:59:52 Check your budget once a month because what gets measured gets improved. Don't just let things roll like that. If it sounds too good to be true, it probably is. There's no such thing as a guaranteed investment. Figure out about taxes and how to work with and around them. Never rely on one source of income. You should always have multiple income streams. Something I cannot read because my handwriting is terrible.
Starting point is 01:00:16 And, oh, I'm sorry. When you start out, you trade your time for money, but you want to move to trading money for time. So I think that fits in from what you talked about earlier, but not working for the same dollar twice at some point. It all, it all because, because I can tell you right now,
Starting point is 01:00:31 the most valuable thing that you can buy for money with money, the most valuable thing without a shadow of a doubt that you can purchase with money is time and having the freedom to spend with your loved ones, to do the things that you want to do on a day to day basis is the most absolute valuable thing money can ever do for you. Totally agree. That's what it is. So that's going to wrap it up for another episode of The Power Move. If you're still listening to this, I'm shocked at this point.
Starting point is 01:00:56 I just can't. And please, if you want to berate Colt in the comments. Colt underscore and IG. Hit me up. Yeah, you can hit him there. You hate Star Wars. That is your man. This is your guy. It's your guy. Holt in the comments. Holt underscore and then IG. Hit me up. Yeah, you can hit him there. You hate Star Wars. That is your man.
Starting point is 01:01:08 This is your guy. It's your guy. And there's a lot of people that are behind me on this. I have a feeling. Oh, God. What's the IG for you? What's your next door neighbor? Connell Law LV. Connell Law.
Starting point is 01:01:16 Well, guys, remember, if you like what we do, please tell a friend. I mean, I got to tell you, the response has been overwhelming. I'm super happy with what's going on. If you like what we're doing, tell a friend. If you hate it, tell two. Because it doesn't matter if they're talking good or bad. What is it, Connell? As long as they're talking about you.
Starting point is 01:01:29 As long as they're talking. That's all that matters. Dead serious. Dead serious. Never. Never. Never. Never.
Starting point is 01:01:36 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:37 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:37 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:37 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:38 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:38 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:39 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:40 Never. Never. Never. Never. Never. Never. Never. Never.
Starting point is 01:01:43 Never. Never. Never. Never. Never. Never. Never. Never. Never. Never. Never. Never. Never. Never. Never. go to thejohngafford.com where we'll share any links that we have 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,
Starting point is 01:01:50 you can always follow me at thejohngafford. I'm here. Give me a shout.

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