Escaping the Drift with John Gafford - We're Back! Kiyosaki VS. Ramsey, Who's Advice is Better? EP 45

Episode Date: April 19, 2022

Learn 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:We're Back form the Break!Recapping the Cabo tripAre Disney VIP tours worth it?Airplane JesusKiyosaki VS RamseyIs your own confirmation bias hurting you?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 back again back you never thought you were going to see us again that was a two-week hiatus and back again to spread the knowledge and the nonsense, which I think probably more nonsense than knowledge. Welcome back to The Power Move. My name is John Gafford. I am your host. To the left of me, Colt, the Cabo Cobra.

Amadon. Blackout Cabo. Yeah, Blackout Cabo. There it is. Like the Bulgarian mongoose. Yeah, it's going to be hard to top the Bulgarian mongoose. And with us, of of course always in the hot chair cross is the counselor chris connell how are you sir just trying to provide some advice

trying to provide some advice indeed legal or otherwise indeed now first of all man if you're wondering if you guys were like okay dude i'm in like i'm all in with the power move and then you guys bail on me what's up it's been two weeks i get no episode what happened well that we you know spring break break we're happy yeah spring break happened We went on a little bit of a hiatus, you know, it was my 50th birthday. So we took a little bit of a break to go do that. Uh, which we'll recap that real quick. Cause it was a pretty amazing time. It was amazing trip. I'll say this, you know, you only turn, you know, 51 time. Uh, I guess you only turn one birthday every time. So that's how it is. But 50, I guess, was a big deal.

And yeah, we just kind of went after it. And there were some bumps along the way. There were some problems. There were some good times. I would say, first of all, I agreed to take everybody down on my private plane. Yes, I say my because I do own a private plane. For those probably where I was going gone there were some haters that were out there trying to insinuate that somehow let me get straight let me be very clear with everybody i

mean i can't say too much i drafted part of that agreement listen if i was gonna if i was gonna lie about possessing anything it would be ungodly skills in the bedroom i'd lie about that because that i think at least then it's hard to prove that you're lying i mean maybe my wife would know the truth on that dude i'm not david copperfield i can't make a private jet appear and disappear because i just want to lie and say i got numbers are public records yeah it's public record look it up it's not hard to find anyway but the challenge with said private jet is you make a commitment to nine people to take nine people down to a cabo and night before guess what happens?

Oh, you're talking in the world of private aviation. Yes. Private aviation. Well, maybe you can tell me as much as I know. Well, I'm sitting there and I'm looking, I'm looking at him, I'm looking at the phone. Right. And I'm like, cause I have a little app where I can track the plane. And I'm like, why is the, why is the plane still in Memphis? Like, why is it there? And I can't figure it out. And then I'm like, as soon as I start to call Jesse, who runs the plane force at hangar 7 Aviation, for all your aviation needs, if you want private jets, call Hangar 7 Aviation. Anyway, Jesse calls me. And he goes, hey, bro, there's an avionics problem.

No, it wasn't avionics. It was a battery problem. And the plane is stuck in Memphis. And I'm like, what does that mean? And he was like, well, it means we're trying to find a replacement aircraft i said okay uh and he's like but everything out there is kind of booked so i'm immediately like you know problem solvers i'm i'm staying calm i'm using my stoicism that we preach on the show all the time and i'm trying to be calm about it and i'm like all right no problem

you know here's what we'll do let's just look and we'll get backup plans for commercial we can get everybody down there commercial no problem i look on the commercial flights and there's like nothing like everybody's going to Cabo the next day. Yeah, that's not going to happen for you. Except for me. Yeah, it's not going to. Well, I couldn't get any of you guys out there. So we ended up having to bite the bullet on a very expensive replacement that, you know, did not own the replacement to have no interest in replacement, got to pay to charter it just like anybody else would. And it was a big check. And it was, and it was, here's, here's my, now that we did it, here's my recap of that. Number one, I'm glad that I maintained my integrity and my promise to all of you guys to get you down there

the way that we did. And then number two was the second that i got on that plane look we have a private jet and it's an and it is a it is a it's a private jet dude it is it is a private airplane no no the one we have the one we have yeah it's a nice plane it is a serviceable plane it is you know for those people that never flown private it's amazing but the plane that we wound up with to go down to cabo it was the damn kardashian plane it was just like it was out of control in the second i got on like the kardashian well yeah the second i got on i was like immediately that cost was like you know what you only live once man eat it so once eat it. You only live once. Let me say two things about that whole experience.

Not to throw you off the track. Go ahead. So first things first, private aviation is the most expensive hobby you will ever get into. Now, John, your issue is a battery. Now, it's not like your car when you can just put a trickle charger on it and get it going. Even if you have a good battery, even has to be signed off by an fa certified mechanic literally anything goes wrong right and you have to figure out whether it's part of the essential equipment as a pilot we've had to go through these things and mark which things

on our plane are um necessary and which ones you can fly without right but there's certain steps you have to take even with things you can fly without well i'm guessing the battery probably well batteries you know batteries aren't that big a deal when you're flying already because your engines are controlled by magnetos. But anyway, I don't want to geek out. But it's just one of those things that – Too late. You're geeking out.

Too late. You're totally geeking out. You still waiting, Colt? I got a two-day. I got a two-day. I saw you at a cocktail lunch. I was worried you were not going to make it through this. I had a celebration.

It was a good day today. Oh, yeah. What were you celebrating? Can you tell us on the air? Yeah, it's just another business venture. Good. Finally approved. Okay, good.

There you go. Finally, yeah. We'll talk about it more later. All right. There you go. All right. Colt's going to walk up like, I quit. I'm out of here.

No, it's not that. You know, you got to diversify. I think all three of us diversify and we have other stuff that people don't know about. People know us, you real estate, me as real estate, you as attorney, but I know all three of us have different diversification. Well, exactly right. Back to the plane, because I got two plane things after. You go ahead.

No, no, no. I like your geeking out. All I can say is I love that I could get off of a plane with no shirt and a bottle of scotch. That was the second part of it. It didn't really matter once it got on. No. John had the foresight to buy literally everybody matching tracksuits from the movie The Gentleman. Magical.

It was. I wore that up to Utah. It was magical. My favorite thing. I think one of my favorite parts was the video we made going down there. And yeah, Colt gets off the plane, rocking no shirt, bottle of scotch, and Mexican immigration just looks at us like, okay, there's no way they have drugs because they're not even trying to hide.

Like, we're not even going to bother searching these guys because there's no way they would be hiding. Yeah, they're like, yeah, obviously they're all hammered, but they're not. They don't like drugs. That's a fair play. They ain't play a bear. No breakfast and 41,000 feet high and a bottle of scotch and a tequila shot does not mix.

No, I get it. And so, you know, we get the plane, we get to Cabo and, and, and the houses are rolling in, which is great. And, and we had a great time, man. We had two big houses. We ended up with, I think, 27 people, 28 people were down for this. My family was there, which was great. Happy to have everybody there.

And then it's cool because a lot of my friend groups got to meet my other friend groups. You guys got to meet my buddies from New Orleans. They got to meet you. It was just kind of a cool vibe of what we what we did it was fun and there was there was some highlight moments for sure uh one of my favorite moments we'll go through what was your favorite moments on the trip so one of my favorite moments is we do have we have a little trip we have a little game we play when we go down there and here's the game this is probably gonna make us sound like we're terrible people but yeah but you find the nicest person that you're with.

Like, literally, if you have a group of 25 people, like, who's the nicest guy here, right? And then that, unfortunately— The great thing of if you're an asshole like us, we don't get chose. Yeah, you don't get chose. So if you're nice in here with us and you ever go to Cabo, this could happen to you. Who's the nicest guy that we haven't already done this to?

Yeah, exactly. So who's the nicest guy? That's a good point. Who's the nicest guy we haven't done it to? So anyway, do is 24 before you wait about you wait about a day into it right you're about a day into the trip and then you go up to him in the pool and you're like hey man real what did you say to the staff they're like what you're like no i mean because colt who speaks spanish obviously is i'm like cold overheard the staff and they were super complaining about you man like being rude about you about you and they're like what what i didn't do anything and literally

you just it gets worse and worse and worse you let it just simmer and go and unfortunately where it normally cultivates is it is it dinner but because we had so many people uh because both houses were eating from one house we did buffet style most time because last year we did this we had the servers like we paid the servers to not serve this person and they didn't serve you walked around oh dude tipping a hundred bucks at each person i'm really sorry i'm really sorry so anyway five hundred dollars this year we did it to my minister we did it to my buddy Robert Stone. A.K.A. Rose All Day.

Which was Rose All Day. You know what? We're going to do this real quick. I don't know if he's going to answer. We're going to try. For all your insurance needs, by the way. For all your needs. We're going to call him right now.

Let's see if we can get Stone to answer. I don't know if we can get him to answer, but let's try. He's a sweetheart. It's his birthday, huh? You don't get to meet too many sweetheart guys like him. So we're just going to call him and see if he'll answer and see if we can wish him a happy birthday, but also tell him he's upsetting people. Stop being an asshole, Stone.

You've got to chill out. He's a sweetheart guy. For sure. So what did you say to Chris Connell? What? Exactly. I'm totally in that right now. I can't.

That's what the man is. If he answers, we're doing it. Oh, man. Come on. Busy guy. This is why spontaneity doesn't work at points. Spontaneity is hard when you're doing a podcast. You've got to plan spontaneity doesn't work it's hard when you're doing a podcast hey stone hey stone what's up man i want to call and wish you a very happy birthday. But I also want to ask you, what did you do to Connell?

He was, man, he's talking about it. I mean, I don't know. Anyway, cool. Hope you have a good birthday. Later. You know, sometimes a voice message is going to just have to suffice. And we'll go with that. But he was, he was so, the great thing about people that are genuinely that nice is they've never had that happen in their life.

Ever. So they just dwell on it. Are you guys sure it's me? It can't be me, right? I don't know. Oh, he was for the whole day. Oh, just spun. Completely spun over it.

I have a thing where I particularly care about how service staff view me. Yeah. If somebody said that to me, it would actually be very upsetting to me if that ever got around on me i would be completely defensive see now i feel like we've blown it you did kind of blow up this is why i'm so careful this is why i'm so cavalier about the joke it's the one thing we could have gotten you like oh we're a bunch of assholes like no no no no no i would be particularly upset if i thought i was put out by that asshole speaking of you being an asshole though my one of my personal favorite cabo moments one of my personal family maybe an asshole no no it's kind of being an asshole with

my personal favorite so we're at this beach we're at this beach club down in cabo we're at a beach club right and chris decides to get a random foot massage from the- It looked amazing. The roaming foot massage people, right? So as Chris is getting- 11 out of 10, by the way. So as Chris is getting a foot massage, right? And she's into the calves.

I mean, she's deep in there or whatever. I lean over to his wife and I go, hey. Because he's got his shirt over his face so he can't see. He's sleeping. I like sleeping. So I go over to Caitlin, his wife, and I say i say hey why don't you run down there and sub yourself in for the masseuse and start running your hand up up his pant leg and see how it takes him to react and she's like okay cool he's gonna kill it's gonna be real funny i had to talk her into it for a minute it took a minute to ask her to do

something like that no way no so she goes down there and she does it. And I'm not going to lie. She was deep before. But to the point where she started to get concerned. Like, you should totally be upset like six inches ago. Pants on. But she was like, you should have been upset six inches ago. Not now.

That was hilarious. Because it did go pretty. She was. Yeah, she was. I was wearing shorts, buddy. She never got past shorts. No, no, no, no, no, no. That hand was a upper thigh where you do carry all your stress.

In my defense, I did wake up pretty startled. But then she comes back and she's like, wait, he let that go way too. Way too. I'm like, this is supposed to be a joke and now she's mad at you here's the thing when you have assholes for friends though yeah she could have literally brushed against my knee and i would have gotten the exact same response because oh you let that one go oh yeah i stand by my reaction uh good reaction i would say that was a highlight also unfortunately for colt at beach club, it was said beach club, we have 27 people with us, whatever it was.

And your wife. Two of which get food poisoning. My wife and Colt get food poisoning. I don't know if it's a bad thing, though. The yacht day was the next day, and I felt like a skinny, sexy little model at the yacht day, so I don't know. But I tell you what, your wife i think was a little worse than me i've never in my life thrown up so violently i also got the same thing you guys

all ate by the way what but i have canadian genes oh that's it no no you know what i you know what i love my favorite part of you throwing up so colt gets violently ill from food poisoning and you know who this affected the most? You? No. His wife, who was furious that he was throwing up so loud. Oh, yeah. Did you not know that?

Oh, yeah. I come in and John's like, I've been up all night. I'm exhausted. Poor Gidge, I think, got food poisoning. I've been up getting her stuff and everything. I'm like, you too, dude. I've been up getting her stuff and everything i'm like you too dude i've been thrown up violently i'm like my wife comes in fucking i ain't getting no fucking sleep this guy's throwing up all goddamn night i told him to go outside and oh dude my wife maria mexican

it'll be fun they said they'll be sympathetic to your god bless her you know those are tough people man i don't have time for your bullshit no it was it was it was a highlight trip i got a lot of amazing cool stuff um from from all of my friends from guests i mean the first it seemed like it was a camas factory every time we had a meal bottles of camas were showing up on the table that guy never stopped that was it never stopped it never stopped with that um you know thanks to thanks to mr connell i am now lord john gafford i own one square meter of uh scottish land he is a can we talk about those are great gifts for people i love it because you know i

mean because it's like people like yeah the two months leading up to this everybody's like what do you get john what do you get john right and this is the issue you have with a lot of higher end clients or stuff you can't you get them nonsense you get them something that's funny they can tell a story about yeah yeah that's why i love the flamethrower i think that's such a great gift yep yep no it's you know there's no well i mean i could have practical use i guess if when the zombie apocalypse comes but but you know no it's you know there's no well i mean i could have practical use i guess if when the zombie apocalypse comes but but you know for the most part that's just a fun i'm going sword it's a straight sword you don't have to reload a sword that's a good point axe you're going axe zombie apocalypse all right there you go all right now we know katana but no but the

gift man thing like your star like my sister gave me a star so technically i could be star lord gafford star lord gafford yeah i could be i could be a i could be a like a porn yeah start darth gafford that could be me that's how you're called yeah darth gafford anyway it could be darth yeah so anyway but i got that i got um i guess i got a bottle of uh i got a bottle of uh papi papi dope that was good i got a buddy who uh in canada reaches out to me like i'm some type of bourbon broker. And he's like, any of your friends want to buy this 23-year-old Pappy off me? How much? Five grand.

Yeah, that's about right. Go and read for that bottle. It's 51-something in the store. Yeah, I got a bottle of that when I turned 40. It's down to about two shots. I thought we came over and crushed that one. We did. No, we did.

We did. It's down to two shots. I got two shots of that bottle of 23 left. John left it might have been at your 40th it might have been might have been but it's down to two shot it's down to two shots left and that will be a drink that i share with hayden on his 21st birthday because because i opened that bottle with my dad who's obviously not aware of this and that it will finish it with hayden that's how we're doing that's pretty cool yeah and we'll go from there and that's how that's how that worked with that bottle which is awesome but you know again it was an amazing trip it was it was so much fun um i was so grateful to do it and then immediately

you come back and you go on spring break so i've gone for like two weeks man i was the beach for like two weeks which was which i gotta tell you um i worked every day pretty much but the thing that i i came back and i was fine for two weeks and you can hear my voice right now i just it's like literally getting smashed in the face with allergies as soon as i got back to vegas it's been it has been so ruthless and so you know just not ending it's it's like it made me want to leave for the first time ever like i got back i'm like oh my god i don't live here anymore because of this it was just just, it's, it's, it's been water talking about that when we got back from Kabul, same thing.

It's just, it's nuts, but I'll tell you something I did. Let's, let's, let's move this along. So something I did when I was at a, when I was in, in Anaheim this time, or I was in Newport, my wife, obviously Disney fanatic. We've all talked about how much I, you know, my, um, low um low my my anti-love affair with disney so i thought to myself you know my wife's always wanted to do the vip tour which is awesome now have i talked to you guys about vip i don't think i've talked to you about you did you briefed it yeah but let me just put it this way let me ask you this without before we go into

so for five g's right you give you give you give old old Disneyland five grand. What is your expectation of the VIP tour? What is your expectation? Cut lines. I never wait again. I'm eating in places where I'm not going to normally be able to get to. I'm getting concierge treatment. I'm getting service by somebody or a team. Right.

I think cut lines lines the same thing access so what's 19 what's a bar uh no the restaurant 23 23 23 restaurant which is not access to that before no it's not i've been there too but yeah i i think just at least that right yeah well here is here is the truth about the disneyland vip, number one, it is my buddy Josh Haven that lives down there. He and his family split it with me. So I was only into it for about $2,500. Josh picked up the other half because it's good for 10 people. Still $600.

It's a lot. It's a lot. So we get there. And first of all, I will say that the human being that walked us around was lovely. Like if Disney ever gets this, which I doubt they will. Um, but if, if anybody ever, the person, the lady, the girl that walked us around was great. She was awesome. She was knowledgeable. She knew a lot of cool stuff. Um, was pointing things out as we went through the park, which was awesome. But we, we, we meet her, we get going and we walk into the first thing we walk up up, and we walk up to Star Tours, right?

And that's a ride that normally I would skip. I wouldn't go on that ride because, I mean, it just kind of makes you nauseous. My kids don't really love it. Like, we just wouldn't do it, and there's bigger, better to deal with, right? But I'm thinking to myself, we're on the VIP Tour. We're going to ride everything anyway. Let's go, right? And we walk up, and we get in the Fast Pass lane.

That's it. And we proceed to wait for like 25 minutes to ride star tours. And I'm looking at my watch and I'm looking at my wife and I'm like, is this, this is what we're doing today. And it was, and the only place where it had was an advantage was like Peter Pan, snow white, those rides, which normally like 90 minutes for little rides, you walk right up because they don't have fast pass lines they don't have the the lightning lines so you would walk right up but everything else it was essentially just like paying like just to sit on a carton but it still takes a while right in the fast pass lane it still takes a while so essentially what you're buying is a perma fast pass which if you're slick with the fast passes,

if you know what you're doing, it doesn't matter. We could have done exactly what we did for free, and here's how. This is my buddy Josh's method, and I like it. I do like it. Hold on. Before you start putting this out there, do you really want this?

Do you really want to say the name of your favorite restaurant and have it blow up? Do you really you know here's the here's the thing here's the thing here's the thing this this is a i'm saying this is a specific situation you would have to be in to make this work all right because anybody can get the genie pass get the fast pass right so here's what you do like for example we went with another family so we have two families right they get they get a fast? They get a fast pass. We get a fast pass. So you've got to spend most of the day apart.

But you're like, okay, you go do, you get a fast pass for Space Mountain. We're going to get one for Buzz Lightyear. Then when they go here, you go there. Then you walk up and you're like, oh, we need a rider swap. And if they go, where's your baby? You just turn and point at anybody with a baby. That's what he does. He just literally goes, oh, there's my baby right there.

They're like, I'm sorry, sir. That's a 60-year-old woman. It's like, oh, no, anybody with a baby that's what he does he just literally goes oh there's my baby right there they're like i'm sorry sir that's a 60 year old woman no it's a baby just looks like they don't question so he just gets the rider swap and then they come off of this ride you come off of this ride you swap the rider swaps and you go again which the rider swap has been a way of life for us because my daughter forever wouldn't ride everything so we did do a lot i mean the rider swap is just part of what it is for us and he's got two little kids too so literally we just would have done that we could have got the same experience so can we honestly cut to the chase and say that disney does not hold a candle to six flags anyway no not for not for rides but but just not not at all worth not at all at all worth that's disappointing i

assume you're going to come back and say, no other way to do it on Earth. It was a waste of money. I would never do it again. It did not save me one second of time, really. Oh, that sucks. Because you're just standing in the FastPass line. Now you've got to bullshit and talk to the girl randomly. Yeah, well, they do have an Uber choice where they're like,

do you want them to interact with you and talk a lot? I just want them to kind of stand there and do nothing. So have you been to? Universal Studios I have so, you know, you buy that VIP. Yes, which is totally worth it. It's totally worth it So the crush the lines you could fly through that. Yes all day. I love that They started saying oh you only get to use it once per ride. What? Yeah, really? That killed it for me too because yeah I think double to one time get a fast pass effectively to the front of the ride.

The whole point of the mummy is I want to do it 10 times and I don't want to wait for it. Well, you know, there's all these loopholes they've closed at Disney because people used to buy multiple tickets and go in and just do multiple fast passes. That was the point. You would go in with an extra ticket because people were like, I mean, literally, because think about it.

You could buy an extra day pass to get multiple fast passes like they were and it'd be cheaper than paying them for the vip tour yeah the vip tour doesn't sound like a lot of value now let me ask you this here's an here's an intro we're going to bring this up this is going to be a touchy subject i'm bringing up because i got i got it i got in a philosophical discussion with us now first of all i believe that if you park in a handicapped space and you're not handicapped there's a special place in hell for you. I believe that. Here's the debate because they had this service and the service has now been shut down at Disney where you could actually, there was ads running where you could get a, this is so terrible,

but I'm curious what you think. I feel like I already have an opinion. No, no, no, no, no. Where you could, you could pay someone with a genuine handicap and their and their their their companion whoever was with them you could pay them to go with you to disneyland so you could be in their party and go through the handicap totally fine okay so you think that's okay totally fine yeah because my buddy my buddy was like no this is like it's like i'm taking them to disneyland i'm not putting them to work in a sweatshop yes i'm definitely benefiting from this handicap but that's their ability so by whatever grace happened to them by accident by birth whatever they've had certain things either taken away from them they've never

had right the fact that they can capitalize on them should be like capital something you should want to do oh no for sure why it's like i thought you were gonna say they'll rent you a wheelchair no god that's no that's no that's no that's but hiring a handicapped person and their companion thing ever companion i just think it's wonderful it's a complete layer i think it's wonderful yeah they ban that they don't you do i guess you get i don't know what they do if they catch you doing or how they would catch larry david hired a prostitute to sit in his car to take the hov lane to go to a dodgers game i forgot i love it i mean it's a service you're getting her off the street again you're not speaking the baseball this is what do you got what are you gonna john what's your i mean do you have any pushback on that

No I guess Cause here's the thing I'm with Chris on that one My visceral gut reaction Was this is a terrible thing Yeah but it's like Okay I don't wanna get

Into any kind of weeds here But there's a lot of people That I was watching Comedians talking And this person was like You're a racist This comedian He goes What did I say about any race He said talking and this person was like you're a racist this comedian is giving you a shout out for he

goes what did i say about any race he said i said that this is a thing he was that had nothing to do i said something like i do this because i'm filipino was the joke yeah it was like where did i say that that was bad the guy let me ask you that brings us to another question are you feeling are you feeling the pendulum starting to swing back on the wokeness? Of course. Finally. Finally. Feel it swinging hard back.

It was always going to. Hopefully it stops in a realm of reasonableness, but there you go. It won't. But yeah, people all of a sudden they go to a point where, you know, like I said, I think there's a lot of people with good intentions. Yeah. And I'm somebody that I don't think race should ever be a factor in deciding anything. But this is going to, I was having this story. I have, you know, very multicultural friends.

And it's a lot of fun when your friends and you bullshit together about like even stereotypes with each other. Right. Like they're breaking my balls for being an uncoordinated white guy yeah and it's like that's your friend i wouldn't want right i wouldn't look on it too kindly if other people were doing i didn't know them yeah yeah or what i wouldn't really care but i'm saying if it's your friend that's a part of the spice of life right is difference difference is a lot of fun no that's what makes everything good when you have

different cultures when you have good intentions, when you have good intentions, difference is awesome. You know what has bad intentions? Baseball. And do you know why baseball has bad intentions? Take us, Cole. Why does baseball have bad intentions?

Do you have something important to say? No, go ahead. Go ahead. Fuck, worst first pitch fucking ever done. Was it the girl with the lacrosse stick? No. It was Tom fucking Hanks. What a legend.

Tom Hanks. Wow, guys. No one saw him throw a first pitch? Was it a strike? Your buddy Pell sent it to me. The only first pitch I saw. Oh, no. Okay, so Tom, go ahead.

No, keep going. I thought it was going to be a general Tom Hanks rant. I didn't know there was a specific. So this weekend, he goes out. And, of course, Tom Hanks going overboard on what Tom Hanks does. Instead of walking out waving and throwing a freaking pitch, he brings out Wilson. Yes.

How lame. Like bring out the worst character ever made, and then he sits there and the wind's blowing the ball away and Tom Hanks is acting like he's stuck on a desert island. John, you know why he thinks Wilson's the worst character ever made? Why is that? Because he doesn't watch Star Wars and never saw Jar Jar Binks. That's a good point.

That's an excellent point. I spent this week in the hot tub literally doing this character, for instance, this character from best to worst with my son because right now he's playing a lot of uh star wars legos on wills whatever on xbox or whatever it is so now he's in the star wars movies again and literally and the thing is on the worst you always want to go right to jar jar binks there's nobody worse it's not it's not close so you just can't even compare it there's just nobody worse jar jar what never mind cold Never mind, Cole. It's a lot. No, seriously. Don't worry. How do you say it again? Jar Jar Binks. Binks? Yes.

Yes. So is Jar Jar his first name? When we finally get around to saying you are the Jar Jar Binks of this podcast, just understand it's not a compliment. Yeah, it's not good. Anyway. But the first pitch I saw that was terrible, well, not terrible, but I saw Billy Crystal, I guess, throwing out the first pitch at New York.

The Mets game. And he was kind of jerking around with it, I guess, throwing out the first pitch at New York. The Mets game. And he was kind of jerking around with it, I guess, and take it forever. And the starter for the Mets was furious in the dugout, yelling, like, let's fucking go, man. Really? That's what they should have done with Colby. No, because he was warm and he had to go. And now Billy Crystal's doing side stick up there on the mound. And this guy's like, we got to go, man.

I saw that and I was like, yeah. Is City Slickers one of the best movies ever made? It's funny. Billy Crystal's immune from your criticism, but Tom Hanks catches it. Tom Hanks catches it really good. Did you see? Dude, he was out there for like 10 minutes playing this, oh, Wilson, come back. Tom Hanks, get over yourself, Tom Hanks.

Tom Hanks, for sure. For sure. Well, when we come back, we're going to take a quick break. It's like COVID's coming back around again. We still have stuff to unpack that's happened in the last two weeks, which is good. We're going to talk a little bit about the airplane Jesus music. We're going to talk about confirmation bias. We're going to talk about, you know, I got a big speaking gig coming up this weekend.

And because of it, I went back and reviewed some Robert Kiyosaki books because I'm actually speaking with him this week. And I wanted to kind of have some stuff to talk to him about. So I read his books again. And I'll tell you what I agree with, what I don't right now. We'll come back in just a minute. Hey, it's John Gafford. If you want to catch up more and see what we're doing, can always go to the john gafford.com where we'll share any links that we've 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 the john gafford i'm here give me a shout back from the break back from the break for part two of today's episode are back from uh sabbatical but i guess i guess we're gonna say what it is you know whatever warm-up episode warm-up episode back from that uh you know honestly if you're still listening after the cold couch episode uh personally thank you very much no yeah we did this connell connell told me when he walked in and he goes man i tried to watch it but when he started talking about when he started reading texts off his phone i was uh it was hard it was hard it was hard can we leave people two weeks with that i think we did i think we did here's the funny part here's the funny part so the funny part is after that

and nothing shows up for two weeks and now all of their podcast apps went they look at their like oh my god am i going down this am i going down this hole again so allow us to regain trust with this episode which is great but i'll tell you what i got it you know so this big event is here in vegas this weekend on friday what's it called john it is called the clever summit i'm actually going to put this out you know we're done i'm probably gonna put this out today just because this is your last chance today to actually buy tickets so you can't buy in-person tickets anymore they sold out in like two seconds there's 500 people trying to get in-person tickets

on a waiting list they're all no way uh the virtual tickets are now over like 5 000 sold so this is gonna be like seven seven 7 500 people at this event it's pretty dope um awesome and i happen to be speaking there which is really really cool and um you've till is your last chance to get virtual tickets so check that i might want to look if you want to audit and look at the people there, it's going to be an amazing event. It's this weekend, but I got an interesting DM, uh, that I thought was, it was, it was interesting, which was this. And it was, somebody said, uh, sent me a DM and it was a local agent here in Vegas that said, man, you know, I wish you were still doing a local stuff. I wish you weren't just talking at these national things because I miss seeing you talk about local real estate stuff. And you should do that again,

is essentially the message I got. And my response was, that ain't my fault. Here's the thing you got to understand. Years ago, and again, a big part of this company, Simply Vegas that we're at, was built because of these things. But all of the different title companies and mortgage companies would invite me to talk at their events. They would do that. And almost all of those events as realtor events are hosted, sponsored, put on, brought by title and mortgage companies. They almost all are. We are now, since I was doing those events, we are obviously knee deep in the title and mortgage business. We own both title businesses and we own mortgage businesses.

So I don't blame those companies for not inviting me to talk to their crowds because it would essentially be like me inviting a competitor to come and talk to my people. And so I get that. But you probably would though. What? Go talk to them? So that's the one thing I never understood about people's perspectives in business right i i know some attorneys that like won't add me on facebook and i'm not just talking about nick dosa i mean like other nick please for the love of god i got to hear about this and i'm you know for those who don't know nick dosa owns vegas auto gallery

friend to everyone except for chris connell Great guy. Anyway. Who actually told me, because he's working on the Moz right now, he told me I can come down there and get whatever I want. Why have you not done that yet? But regardless. Well, because I don't know how long it's going to take the Moz to get fixed. But I'm going to go down there tomorrow, I think, if it's not done. We're going after this podcast. I'm going to grab something tomorrow.

I totally forget what I was saying. You were talking about other attorneys won't add you because they're scared. If you're ever afraid of someone coming and taking your business, they could have taken it anyway. It doesn't matter. I really believe that. If you got somebody here, if you got Ivan Scheer to come and do a talk

at Simply Vegas, which we have. Are you so protectionist? You think, oh my God, my agents are going to run over there. No. Or do people go, oh, no, no. I just see that as someone else doing something in town.

Well. You know what I mean? If you water your own backyard, right, that includes getting others' perspectives. Well, I think one of the things I posted this week, because again, I got blown up about somebody talking smack about me, and I didn't see it,

because I don't follow that person. But my response, I let it simmer for a couple smack about me, and I didn't see it because I don't follow that person. But my response, I let it simmer for a couple of days, and my response was this. If you can't tout an accomplishment, if you have to try to tear somebody else's accomplishments down in order to make yours look bigger, then you're not a leader. You're a hater.

You're not successful. Right? You want to be – You attack others. weaker, then you're not a leader. You're a hater. I try to surround myself in my golden years, as I'm calling them now, with people that want to see me win. Because everybody that's around me, even if they own a competitive business, I want to see them win. I mean, there's never going to be a time where there's going to be one title company and one real estate company and one mortgage company. If you own a mortgage company, I want to see you win. If you own a title company, I want to see you win. You own a brokerage, I want to see you win. You do something great. I'm not jealous of what you

did. I don't hate on what you did. I mean, for example, Brandon Roberts, who I consider a friend of mine, owns Signature Real Estate here in Las vegas put an ad out and i appreciate quirky good advertising and he put an ad up for easter that had peeps and it just said signature real estate great peeps that's cool and i was like ah and i just and i hit right in the comments man oh that's awesome yeah because i thought it was clever i'm gonna give him you know i'm gonna give you some compliments i'm not worried my agents are gonna see the peep ad and run out of here and go to him. Because how shitty is your business? Yeah, right. But if I see something clever and good, I'm going to call Spade and Spade.

It's awesome. That's good. Anyway, but here's the guccer. Here's the guccer. This is the guccer. This is it. Four tails? Yes.

Let's have a hypothetical conversation without nailing down specifics on the air. All right, here's the good. I'm going to run this down. Ready? Let's say there's a business model, and half of the business model services independent companies that sell this widget. We'll call it a widget. Okay.

All right? And then the other half of that business model services brick and mortar stores owned by a widget company that sell widgets right out of the widget store. Totally understand. Got it? Now, let's say that one of the people that opens their own independent widget store decides to try to impede the business of the agency by saying, Hey, we're going to let you keep selling out of your one widget store, but you can't open any more widget stores. We're not gonna let you sell widgets out of any of those. Essentially. So one of my widget partners on Friday on Friday tried to pull the rug out from underneath me because we're selling a lot of widgets.

So that's an interesting thing. But that is actually, I think, illegal. I think it is. In a lot of ways. Now, you're not obviously compelled to have to do business with certain people. Right. But if you make it, like, there's certain conditional things. Well, I'm sorry.

Let's say that this particular widget company sells widgets all over the united states right all of the united states and they allow independent widget shops to sell widgets in every 50 states and there is one state where they are sopping to have let independent widget companies operate and it's this one so there is something about an anti-competition right And there is something with intentional interference with business relations. That is a tort in Nevada. Intentional interference. So when you are so, I mean, that seems very short-sighted. You think?

And it does seem possibly actionable. You think? I have to obviously have details. Well, I'm trying to get a meeting with the president of the widget company who made this decision. Because obviously the person that we deal with in the widget department, it's in their best interest that we sell as many widgets as we can. Sure. So it's their boss that made this widget decision. Because I'm thinking that some people that work at the brick and mortar widget store are feeling the heat a little bit.

Yeah, but there is an issue with price fixing, and there's an issue with, you know. Competitions. But a lot of times, you will get those companies that see it in their best interest to not do that. Sure. But the good news is, there's a lot of companies that sell widgets. It's not hard for me to find another widget supplier it's not hard to do it john you can just say the company it's because

there's a lot of companies that will sell you six cadillac margaritas that aren't not you chili's i'm not gonna be i will never name the name of a company complain about it but you chili's i will you sold me six cadillac margaritas you You towed my car, Chili's, for trying to be responsible. And still, still no response. Still no response. I was right next to that, Chili's. I forgot. Should have gone up there anyway.

How were you not? Last week, I was seriously maybe a half a mile from that. Colt, next time you go to Utah, we're going to do a live remote from this for the podcast where you interview the manager of Chili's about their towing procedures. John, I actually want to hear what you have to say about that next thing you were talking about. Which thing is that? About singing.

Singing? Oh, yeah. Well, we're almost there. We're almost there. We're almost there. Because, look, we're complaining about stuff. I didn't want to derail you. No, no.

If I'm going to complain, I got one more. I got one more. My whole house, and again, here comes another Star Wars reference that Colt won't understand. My whole house this weekend went down like the death star just like that why because my home automation company that i have 92 switches and devices programmed through their hub decided to go out of business and just turn their servers off and didn't tell anybody was coming nothing wow yeah and all of a sudden i'm like i didn't tell anybody it was coming. Nothing. Wow.

Yeah. And all of a sudden, I'm like. They didn't get bought out or anything. It's Insteon. They got bought by Nokia. And Nokia is going to move, I guess, people over to whatever they're doing. But they just literally shut everything down.

So your force field went down? Yeah, yeah. So your house is penetrable. Well, no. The alarm thing got it still functioning. No, everything still functions, but it doesn't work together. And now it's, you know, and yeah, it's like I have a lot of switches that, like, for example, like you look at my kitchen, all of the cans over here are on one switch.

All the cans over here on the switch. All of the lights underneath the cabinets are on one switch. The chandeliers are on one switch. So before, because it was programmed, I could push one thing and they would all come on. Now, if I want them on, I have to go to each switch and turn them all on. So I spent, I spent them to the poor side. I spent the weekend investing, trying to figure a solution for this. I've got something that came today.

I'm praying to God it works, but I'll be spending all of next weekend. Not this weekend because I have that event, but the following weekend reprogramming my house because you got to do it one switch at a time apparently so hopefully it's going to work but dude i could not believe that this company just i mean nuts i mean you think you would like open source solution like yeah i mean open source a solution do something if you know you're going to business you're gonna shut down it would cause it matter it would cost yeah you think it's their issue or the people that bought them's issue? Well, I mean, at the same time. I think you take on the liabilities of your prior contract.

But where's the moral responsibility for the people in management that are- Do you think that extends to moral responsibility? I think it does. I think if you took money in exchange for a product or service, I think people think there's this imaginary line where you just become a big corporation. It becomes okay. I don't believe that. If, if I take money from you to provide you with a service and I disappear, I'm a scumbag and you ruin my reputation downtown. Yeah. A lot of people, if Nokia does it, it's just, well, it was a corporate buyout and it was just a lot of creditors in bankruptcy court feel the exact same way. Exactly. Exactly. Right. So I guess the moral of the story with that is if you were going to go

out on a limb and shut your business down give your customers a heads up i mean make sure there's a solution in place try to transition do that that's good corporate governance and responsibility but here's the thing when you're going out of business what do you care yeah it's i mean i get it so by the way just i don't get it just as a point by the way when someone does file a bankruptcy there's a thing called the 341 hearing. In a 341 hearing, all creditors get to come to the room where the trustee is with this person and ask whatever questions you want. Oh, boy. If you've never seen one of these things, I've seen some things personally in a 341 hearing that would blow your mind.

Just absolutely just blazing people? Like blazing people. So why didn't you give me my money that you've stolen like all these things right but i had one situation where this guy goes well i had to pay my staff with your money because it's like you have to pay people to come to work right yeah because but you know that was our money right it's like yeah but you got paid to be here so why shouldn't my staff have gotten paid with your money yeah some odd justifications probably happen in those things but you know i saw this i do want to talk about this today before

we get into talking about some of kiyosaki's philosophies for the weekend but i saw this and i thought it was interesting which was the airplane jesus um that's what i'm calling it uh it was a thing that i guess there was a bunch of church kids or group or whatever it was jumped up on an airplane and started singing and playing guitars and singing hymnals. And I know that, what's her name? Tlaib? The representative from Michigan. What's her name?

Oh, whatever her name is. She's part of the Google machine. If you're at home, you'll figure it out. Anyway, she's, she's Muslim. And she said,

Oh, I guess me and my family should have a prayer, you know, prayer meeting on the plane. Let's see how that goes. Right. Right. So here's my thing.

All right. Now, obviously she's absolutely correct. By the way, I agree. I agree. I, my,

my thing is if I'm on a plane, like I can't listen to my phone without headphones. How are you going to get up and do a jig? I don't care. I still have any no matter what it is. But this one, I don't think we need to debate that. Is there any debate here that that's just lunacy? No matter what people are doing that are interrupting you.

It's always lunacy if what you are listening to ever or your kids. Yeah. Is audible to the next family over. Okay. got it. I don't want to hear how people walk around with their phone on speaker. Got it. Okay, got it. So we're in complete agreement that it doesn't matter.

Now, are we also in agreement? There's probably a line somewhere where you're like, oh, my God, Mick Jagger just grabbed the damn speaker thing from the flight attendant, and he's giving us a little you know a little give me shelter up there with you know might be annoyed by that yeah i might be annoyed by it no but if it's but how famous do you gotta be where it's okay to get up on the plane and do something because i don't know here's the thing like i remember a long time ago my buddies in bed and ezra i remember seeing where remember a scene where Kevin was on there playing guitar and singing. They were singing Good to the Passengers.

I remember that. And they seemed to like it. But some people might not know who they are. So how famous do you got to be where it's okay for everybody? Probably Ezra would be on the other side of that line, which is good. Yeah. Right? Like, if you don't know that song, really, you don't know that song.

Yeah, Kevin is good. So I think there would be 50% plus one. I think you have to go by consensus. All right. Would 50% plus one enjoy this experience? And how long and how, if it's. Yeah, I saw it. One minute is all you got.

Couple minutes, you're singing. One minute, you're good. And then people go, what the hell was that? Add a little flavor to people's lives. I'm all for that. Okay. Add a little fear and danger in there, right? Get up and start yelling really harsh verses from the Quran.

I think that is also- Dude. Okay. No, no, no, no. Can I tell you? That was one of the scariest moments of my life. Me and Gidget went to Europe, and this was probably, this was, call it 16 years ago. So that would have made

it what? 2004, I guess we're going to call it. Yeah, no, we'll call it 2006. All right. We'll call it 2006. We went to, uh, what's a Europe and we were in London on the tube and there had been a bombing on the tube, like two weeks before we got there, we'd get off on Gloucester station, we get on the tube and uh and there's a dude a solo guy on the tube with us that does exactly that and i gotta tell you it was terrifying because you're like this guy and obviously he's just a dude that was touched i mean just happened to be you know like some guys walk around themselves about nothing alligator brains this dude just happened to actually be reciting something in arabic very loud and dude and you've

never seen people run off a train faster than that my my poor wife i did take her to morocco one time and it's about dark it's getting dark i don't know what time it was five six seven dinner time all of a sudden the fin them on the the mosque at the end of the road in morocco starts yelling out the call to prayer yeah now if you've never heard it it's disconcerting because we only get the influences from media right typically followed by something blowing up right in our media sure that's how it's presented movies meanwhile it's okay that's like let me back up before i get before chiming let me back up before i get labeled as something with this yeah yeah when i see a lone guy that starts screaming anything true oh okay that was

a 50 of the experience totally the fact that yeah so let's be very clear it's not like no no i'm not i'm not being the next door of podcast like oh my god did you see this weird man in the neighborhood i was terrified of him that's all i'm trying to know this was legit but if here's the thing this is why travel is so important because if you've never seen that yeah you're not gonna understand but then when you go see it oh i get so me myself i've been to half a dozen muslim countries now i just go oh it must be 5 p.m it's just like a town square chime going off right that's the value of experience because it's less scary when you have context yeah but anyway that was well no anybody on a tube screaming about but again yeah literally

anything a little scary but but again that comes back to confirmation bias you look for things to justify your opinion which i i mean i just i feel like everything i ever post on social media from now on i want to include like confirmation bias people need to learn this because there's way too many people on both sides of any issue that devoutly believe what comes out of someone's mouth sure and you can look on social media it's so funny even some people that i know man you'll see like you'll see like one of the top guru guys come on and rant about something. And within 10 minutes, I'll see somebody else that I know rant the same shit because they heard this person say it. And they said, oh, I need to go rant that same shit. And it's nonsense.

And I think being able to look in any type of information, especially if it's something you're going to repeat or put out there, you've got to look for that counterpoint. I mean, a question. Like where do you get your news? Here's a question. Where do you get your news, Colin? I think I get them from a couple sources. I don't, like, subscribe to the Wall Street Journal anymore. Okay.

Because I just found that slogging through it wasn't too organic. Yes, it's cumbersome. I do probably find it most through social media. Online, where do you get your news? Online. Twitter. A little bit of Twitter. Which we didn't talk about that.

Jesus Christ. But I follow, like, I'll. Jesus Christ. But I follow like, I'll follow the AP. I'll follow AP, BBC. But here's the thing. I have my same routine, which is this. Just because not only do I want to try to figure out

what's going on, but I also want to figure out what's going on in the minds of people I'm probably going to have to talk to or interact with at some point, which to me is more valuable than the information itself. I kind of want to have an idea

of what people are thinking. Sure. So I hit CNN. I hit Fox News. I hit BBC. I hit MSNBC. I hit all of them. Sky News.

I hit all of them. I look at Newsmax. I look at all of them. Because I figure if I get a nice blend of the mania from every direction where it comes, somewhere in the middle of that, if I find enough common thread through all of these stories, okay, they're probably going to be true.

And I can decipher that. So I don't want to be completely nihilistic about that opinion. Go ahead. But here's the thing. I talk to my dad about this all the time. And my dad, through the years, has become, I mean, like, left of Bernie. Like, we were growing up probably pretty central issues like

property taxes and like you know but the older he gets do you think that has to do with his overall disappointment in you no no i don't think so because i can fix that he just he he's just become left on some issues so strongly because he kind of feeds into this now a lot of things i will agree with some i don't i push back where i don't because i do try to think independently but um you do start feeding into this and i always say to him dad you realize that this news company that's giving you the news has no um its objective isn't to inform you its objective injected is to make money keep you here keep here it's objective is to make money it's objective to make money all the news you've ever received in your whole life

comes from a perspective of a company that pays somebody to make money so it's it's in statistics and in math you see these things right in nicholas uh to seem to labor has seemed to lebs black swan i don't know if it was going to get there. I wouldn't have gotten it. So in the book, The Black Swan, there's this concept, right? All swans were white until there was a black swan. Or 500 days of a chicken's life, 499 days of it, the chicken just sees a farmer feeding it. It assumes after 499 instances that the farmer's its best friend.

And the 500th day, it chops its head off, right? So all of these things we get our girls like that we get our news we get our news we get our news you have to i think broaden that so far to get what would approximate truth that i'm not sure that by going at a local level it's ever going to happen and i don't even mean that from an ap i think they have these they try to be as objective as possible but you talk to people that were there versus how the news presented, even unbiased. And it doesn't necessarily approximate truth. Because again, every time, and consider this, and John, that's to your point.

Every single time you turn on anything, realize that you are a product, right? That you are consuming a product. That you are the inventory for this company. You're the data point. You're the data point. You're the data point. You're the inventory. They need you to be consuming their product in order for this to make them money, right? So just at the end of the day, I go, dad, you realize that this company, its objective is not to present you the truth. Its objective is to give you a message that you're inclined to hear. And the more you're

inclined to hear the same message, the more you'll think like that. Well, again, confirmation bias for me is people spend so much time looking for opportunities to justify their own belief system instead of looking for counters to it, instead of looking for other ways, for other things. And it's so interesting with this thing

I'm doing this weekend. You've got guys that are coming to this and it's going to be a flood of the who's who of how to make money in around real estate. I mean, you've expanded some of the crypto and NFT stuff now, but you're going to have basically every 15, 20 minutes, a new guy or new gal get on stage and say, this is the way, this is the way, this is the way, this is the way. And every single one of those opinions is going to differ from the guy that was just there. The girl's coming on you i mean there's some there's some underlying painting theme themes that go there right but overall you got to look for for biases in it and i think

again because kiyosaki is going to be there i went back and i looked through some of his books and a couple things and i was like who would be the counterpoint to a lot of what kiyosaki does like who would you guess who would you guess i selected as the as the kiyosaki counterpoint to a lot of what kiyosaki does like who would you guess who would you guess i selected as the as the kiyosaki counterpoint who would you guess kiyosaki counterpoint to me would be like you mean industry specific or just in general in general in general whose theories are altered most with his it would be like jim chanos of kinnikos capital uh no no no i'm talking about somebody that is in the space in the space of telling you what you need to do with your money that a lot of his opinions hardcore differ no i'm not gonna say grand no we're not gonna play guessing games anymore it is uh it's dave ramsey who has a lot of polar opposite views in things that then kiyosaki does primarily where they differ in the

line in the sand is is debt like d Dave Ramsey will tell you debt is the devil and you should never be into debt and don't be into debt and this and that and pay for your house with cash and all these other things. And as I read that and I'm thinking, how many people in America take advice from Dave Ramsey and how many people listen to Kiyosaki? Kiyosaki is debt as a weapon.

You use debt to buy assets that make more money and use it as a weapon now like a weapon as well that debt has to be handled carefully because it can cut you is that up for debate what debt yes ramsay says oh yeah i didn't know much about ramsay but they're at my kids at school they really preach ramsay stuff i'm like no no no no no no debt credit cards buy your house with cash if you out Ramsey, but at my kids' school, they really preach Ramsey stuff. No debt. No debt. No debt. No debt. Buy your house with cash if you can.

No credit. Dave Ramsey will come on and say, Dave Ramsey will come on and say, no credit cards, debit cards only. You only need two. One for business, one for work. That's a Ramsey. If you're the kind of person that is totally unsophisticated when it comes to this stuff.

Okay, well, let's back up. Paying the house for cash. Let's back up. You don't know where to put it. Exactly. Let's back up. But the point is, the problem is, with financial literacy in this country, is there is a line where to the left of it, Dave Ramsey's a good idea. Okay.

And you hit a point in that line where you go beyond that, where you've got to let those belief systems go and then move into Kiyosaki, those debt. Like if you're flat broke right now and you've got $12,000, $15,000, $20,000 worth of credit card debt. Cut them all out. Go Dave Ramsey and figure out how to burn it down. Go Suze Orman. I get that. That's fine. Go that route.

But at some point, you're going to have to let go of the debt is the devil if you ever want to really make money. Because you've got to create leverage and you've got to do it through those ways. Find me one financial analyst that ever said you will actually get booted off a board of a public company if you are not levered enough. Yeah. That means you're not using your cash appropriately. Like Dave Ramsey is put it away put it away put it away for what that's the thing no he starts talking about invent he eventually gets to the point where starts some investing he does talk about that ramsey's an investor but it's like investing

mutual funds no no i do believe it's all safe it's about as safe as 95 90 of people plus and i'll throw that number out there 95 of people should invest in an etf and never look at it ever again put your money in mutual funds with the lowest mer as possible and then never look at the stock market again until you're 10 days out from retirement right and then you realize that compounding interest works and that mutual funds over a period of time outperform all money managers ever other than like hedge funds and there's reasons for that yeah but unless you're a high net worth individual that's getting uh like warren buffett will get issued pipes but here's but here's the here's the point

of that you're exactly what you're saying is accurate because the problem is there are steps to financial freedom or wealth yeah yeah that people never get off a step because their belief system is tied to what got them out of debt the belief system you utilize to get you out of debt is not the belief system you're going to use to make you rich to be yeah to flourish yeah here's the other thing i was talking to somebody the other day about bankruptcy i can't remember exactly who it was but i said you know you keep over a million dollars in bankruptcy. There is a strategic time to use bankruptcy. Now, again, if you want guys to come up and ask you crazy questions. No, but here's the thing.

You should take shots. This country is built on taking shots. Take your shots. Every eight years you can file a bankruptcy. Let's say you're not doing well. Don't be a piece of shit. Don't steal from people. Work for what you earn.

Have a good idea. Work hard or whatever. But take a shot. Okay. And other people, investors know that John, you've taken shots that haven't worked out. You've taken shots that haven't worked out. I know that when I put money in a project that that money could be gone. Right. I know that, especially when I take equity, especially if it's debt with something that has no assets. Right. So when you understand, you understand, look, I don't want to ruin people's life. This is what the value of bankruptcy is, that when you have a shot, we want you to take your shot.

If you hit, you're the smartest guy on earth, great. The average entrepreneur fails seven times, plus or minus two, right? So take your shots, use money and leverage when you can appropriately, responsibly, and that's the only way to make. But yet, so many people. I've never heard of that.

No, Dave Ramsey's book, you go from. Shut it off. But that's the problem in America, right? We go from no financial literacy to poor man's financial literacy, which is Ramsey, poor man financial literacy to, you know, and people don't bother to take the steps into into some things that they see is he likes don't take student loans no he doesn't believe in any no no debt no debt he doesn't want you to have any debt free and he's out there he's like i want to creating people to go preach his stuff like it it's it's like a look there's kindergarten teachers right you can't take a college professor and tell them, go teach kindergartners. They don't know how to react to that, people.

Same thing with vice versa. Same thing with someone that's in debt that doesn't understand that. You can't teach them how, hey, take now, go get more debt, and you're going to make this much more money. Get to the starting line again, then I'll teach you. Find me the wealthiest people in any place, industry, city. Ask me one of them if they just carry cash. No, they're all debt heavy.

You have to be. Well, debt. Okay, let's, okay. Serviceable debt. For example, for example, you know, a lot, like one of the things Kiyosaki says is your house is not an asset

because it doesn't produce income. Well, you can, and again, store of wealth. You better be sure to do this. But like with me, I lever the equity in my home through a home equity line of credit. And then I get that at, I guess when I did it, it was 3.5, whatever it was.

And I lever that money on high interest loans that I know I'll get back. So essentially I'm making eight points it's arbitrage that's how it's a hundred percent i know it's a hundred percent but that but but but dave ramsley be like oh once you get your house paid off you leave that alone for what like you can't you got to put that more you got to put it back to work people are so sensitive about things like my house like yeah i don't want to there's a lot of people they don't understand what an asset is supposed to do for you it's supposed to make an asset makes money period

that's it right and your house is appreciated yeah now again we had problems in crisis because people don't manage it properly yeah or they over lever they don't understand me i can take leverage out because i have a job that produces income that i can carry swings yeah if something happened to me i could go out and earn enough income to carry to cover that that i have or whatever right i didn't for my most of my time in america because i couldn't get debt here right yeah i had to live without debt that's bullshit yeah and i hated it because i had to establish credit here and then slowly work that up it's terrible it's one of the worst things you can do if you're financially literate because you understand the opportunities that you're foregoing yeah that on a cash to cash

basis that's the only thing that matters to me. Well, especially in real estate, you've got – Default risk and a cash-to-cash basis. You have to lever. If you don't lever, you're crazy. But anyway, if you want to – obviously, I'm going to put this out today just so you guys can get it. I'll probably come out here in the next couple hours. But last chance today to get tickets to Clever Summit.

So if you want to get them virtual tickets today, if you don't, I mean, I can't help you. Smart people. Dude, these are some smart. Look, normally I do these events. I will roll in, you know, call it maybe two hours before I'm going to be on stage. I do my deal, and then I'm, you know, I maybe linger around for a little bit, and then I'm gone. It's like Sean Penn. Yeah.

No, I'm not saying Sean Penn. It's what I normally do. This event, I will literally be at this event from the very beginning to the very ending, including all of the stuff in between. I'll be there. And I think I'm only on stage for 15 minutes. I think, you know, because there's so many people speaking. It's like, okay, you're all going to do power talks.

And it's like, so trying to compress what we're going to say into 15 minutes. It's going to be like a blitzkrieg of information. So I'll be there the whole time because, you know, obviously I'm going to try to bring as much value as I can, but I'm also not egotistical enough to not think that I'm going to get an incredible value myself out of this. That's why I'm doing it. So, so there you go. Anyway, well, dude, I'm, uh, I'm glad to be back. I'm glad you guys are back. We have no more hiatuses on the schedule for the foreseeable future. Colton, anything? Sorry that we left you with the couch episode. Yeah. Sorry. They know that's what we left people with. The Cabo Cobra.

The Cabo Cobra. The Cabo Cobra. So there it is. You know, it's not working for me. It's Bulgarian mongoose. The Bulgarian mongoose. It might just have to be that way forever. Anyway, thanks for listening, guys. Do me a favor.

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As long as we're talking about you. See you next time. 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.