Financial Audit - Okay, I Think I’m Done… | Financial Audit

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Starting point is 00:00:58 Hasbro is not a sponsor of this promotion. To watch episodes of financial audit a week earlier, check us out on YouTube. I believe in Uganda. I'm fully bullish on it. And it's set because we have the right context. We're with the first family Uganda, so the president's daughter. How much did you put it into this? That one, it was $705K. You personally?

Starting point is 00:01:15 Yeah, me personally. It is an ineffective government. Everyone's all up in the minds in Africa. No one's willing to invest in this one, not even China. China's actually very heavily involved in Africa. In your mind! You dumb? I refuse to your business in America, is the point.

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Starting point is 00:01:51 This is the best membership you'll ever join. That's a promise. Hey, I'm Eli. I'm from New Orleans and I'm on financial audit. And we're here. I'm here to say that one more cut. Are you here? Yeah.

Starting point is 00:02:06 And you're 29, right? I'm Eli. I'm 29. I live in Norlands. We're doing it again. And I'm on a financial audit. And we are here now and I'm going to say that I live in New Orleans. Okay.

Starting point is 00:02:18 Yes. We know you live in New. I refuse. Yeah. I refuse to your business in America. That's the point. There's no point. There's so much of blue tape.

Starting point is 00:02:30 I mean red tape. Okay, Eli, thanks for coming on. Something about doing business. I'm glad, are you a business owner? I'm asking, usually I ask, what do people do for a living? Are you telling me you're a business owner? So I'm a software engineer by trade for eight plus years. I don't know.

Starting point is 00:02:45 What does this have to do with red tape? Because it plays into the whole idea of taking funding from those companies and investing into serial entrepreneurship. Okay, software engineer in New Orleans. Very good. Not the highest cost of living area, declining city population-wise. Exactly. even before Katrina, but Katrina really emphasized it.

Starting point is 00:03:03 So it shouldn't be that hard to live there in software engineer. However, we once did a thing called Fat Stack Week. You would fit in Fat Stack Week, as this is what we call it as a fat stack. What is going on? How much do you make? How much do you make? Sure. So I make $8,000 after tax.

Starting point is 00:03:23 $8,000. Yeah, monthly. It's incredible. Yeah, yeah. Well, what's spicy up even more. I'm actually deferring to taxes right now. I'm getting $10,000 a month. Why?

Starting point is 00:03:32 Because of the current financial situation I'm in and also just the cost of business expenses. The current financial situation you'll be in come six months, seven months, eight months, max. Well, yeah, we have a doomsday clock ticking here for next tax season, right? But I'm the type of guy. I like my back to the wall. And that's where really the fight comes in. You're like your back against the wall. Yep.

Starting point is 00:03:55 Rocking a hard place. That's how we want to live our entire financial situation. Yeah, it works. Especially when you're in your 20s, I think that's really good as a 20-year-old and your 20s to really full throttle it, high risk, high reward. 49, I thought.

Starting point is 00:04:08 Yeah, 29, mm-hmm. That's just okay. Yeah. Yeah, for a second, you're still in your 20s. For a second, yeah, two more months. Contact season and won't be a back against the wall. It'll be taking paid back shots against the wall in order to make that bill do.

Starting point is 00:04:25 Yeah, well, we have a plan that we will. We have a plan. Yeah, we have a plan that's going to work before. Let's help but let's educate me on the plan then. I would love to become educated, Eli. Yeah, sure. So I'm actually one of the co-owners of a gold mine in Uganda. What the fuck is happening?

Starting point is 00:04:42 What the fuck? Yeah. Actually. No, actually. Actually, and I can break it down for you too. It makes sense. If we talk through it and by the end of this, you're going to understand and see that this is a way to go. Co-owner, what's your share?

Starting point is 00:04:55 So my share is 10% in the mine itself and 5% minimum. rights of the actual lands that we would take minerals from. I'm sure people are going to be so happy about this, and that is not controversial at all. They're going to love it, you know, because like I said, there's so much red tape in America. I don't want to do business here anymore. You need to look at emerging economies. What business have you done in America? I have, like the COVID testing era.

Starting point is 00:05:18 When we had, everybody was getting COVID test, I mean, if you guys built like a software engineering app that was for COVID testing, right? A software engineering app. Yeah, well, you would engineer it software-wise. we didn't pay for software engineers. We built it ourselves in six months. And then when it was released, people would get their finger-pricked blood test

Starting point is 00:05:37 and then the results would be on the actual app itself. Okay, Theranos 2.0 worked really well the first time. Yeah, it went well, actually. We partnered with an actual doctor. They had an actual medical license. Why your mega-millionaire? Yeah, well, what happened was my business partner. Wet tape?

Starting point is 00:05:53 Was it the tape that was colored red? No, it was not the red tape this time. It was a guy in the business site. Before I learned the business world, really, that took advantage. Treat us like Indian software engineers for contract, right? That we didn't know what was going on, which we didn't. He made an agreement with a doctor saying, we give you a larger share if you cover all the fees for the nurses, things like that. Come to find out down the road, we were paying it.

Starting point is 00:06:15 Our side of our company just paying those fees. And so we never broke even. We made a good amount of money from that, but it all went to pay the debt that he took out. How much did he take out? Like $25,000. So he only made $20. Your successful business was he only made $25,000. That was what he took out as a loan and they had to take care of it.

Starting point is 00:06:34 And what is the say to this company today? The test is not as big. It still exists, but he now is running it as a slightly different name. Do you own? Yeah, I have 9% shares in it still. 9%? Is it making money? We don't know right now because, again, he said... You don't know.

Starting point is 00:06:49 Yeah, well, this is why. So the reason why is that the original LLC has been disbanded or ended, correct? And he created another one called... which is slightly different. And so I'm not sure the legality of that one day. You know, it's like, can you slightly change? No, because I don't have the funds for that right now. I'm kind of in other endeavors at the moment.

Starting point is 00:07:08 Oh, fuck. Yeah, we're going to backtrack to that one. No, well, no, I'm going to go where I want to go in this conversation, but I appreciate it. I mean, as myself, one day after we finished the gold operation, I'm going to backtrack to him. Cold operation. Exactly, exactly. What is this gold thing? Okay.

Starting point is 00:07:23 I have to know. Yeah, I'll break it down for you. Break it down for me. I'll break it down. So anyway, I'm from New Orleans. Well, my longtime friends from there, it's from Norlands too. Let a pen out here. African American, right? He did his ancestry test and found the tribes that he was from in Africa, right? So for several years, he was going ahead and, you know, doing philanthropic work, investing in the communities. Long story short, we're in Uganda. We have a really...

Starting point is 00:07:47 You were in Uganda? He was in Uganda. He went to Uganda. He spent probably the past six months of the last year there. again, working with one of the mine owners who's a Ugandan guy, and also making lots of networking connections there, right? And so when it came time, we have this mine there, but we need obviously investments to get the operations going.

Starting point is 00:08:07 There's lithium, all kind of other minerals besides gold in there, correct? Benorich continent. Is that a proven mine? Yes, the Chinese actually came like two years ago, and they did a whole technical report on the mine. And if it was great, they would be mining. Yeah, they were asked for the Chinese who wanted to buy for two to three

Starting point is 00:08:23 million, they said no, because that's really undershooting the value of it. If you have lithium... So you're buying for hire with your huge net worth that is substantial when you're not even paying taxes? This is a strategy. Yeah, the strategy. So you can do consignment, meaning there's other people who have gold in Africa that I don't have the money or funds to get it out of the country, right? So that's where we come in. We have the export license, the mineral rights license, all of that to export their gold for them. Okay. And so with the profit of that, what we would do is then go ahead and start renting the equipment to do our own mining. So you have gotten profits from that?

Starting point is 00:08:54 Not yet. Of course not. It's been about a year and a half. It's a very complicated. Of course it has. It's very complicated. And what is the very complicated? I'm sure it is.

Starting point is 00:09:01 Okay. So we did an actual export round. We had an investor that stepped in. He's like, hey, I'll cover you guys. And an investor for an investor. This is about the third line of investment in order to you get the funds in order to start mining and a mine that you hope exists. Yeah.

Starting point is 00:09:14 It's a start, right? You babysps. You build it up, especially Africa. Yep, yep. So anyway. Especially Africa. Yeah, of course. but I think people really look down to Africa a lot

Starting point is 00:09:23 and as emerging economy, there's so much potential there and I think people look too much in the U.S. as, yeah, there's investment vehicles in the U.S., but if you're looking for higher returns. Higher returns, riskier returns, much more volatile countries in terms of does that leadership exist in the next 10 years? Yeah, high risk, higher reward.

Starting point is 00:09:38 Where does the newest country exist on the African continent? Right, but Uganda is a very long term and more stable compared to obviously Congo and other places. Sure, but I am saying there's a reason why many people pick safer investments. It's not saying it's a bad con and by any means, but emerging comes with emerging difficulties. Exactly. But we're not scared of those difficulties and we're taking them head on. Of course not. Why would we be scared of any kind of risk? Because we have absolutely unlimited tolerance because everything's worked out so successfully on what you've done your entire life.

Starting point is 00:10:07 Like they say, let them cook, right? Let them cook. We're cooking. That's what they say? Yeah, let them cook. The recipe's almost done. The dish is almost served. Yeah. We're almost here. Okay. The expert thing, which is you need an investment for the expert thing in order to be able to fund the actual usage of the mind. Exactly. Not even that has worked at the beginning, so nothing's cooking. So this is what happened. Well, we did cook.

Starting point is 00:10:28 We're about halfway through 75% of cooking, right? Halfway through 75%. Yeah, so an investor met us in New Orleans, right? And we sat down and said, sure, I'm going to go ahead and cover all the fees, everything. My partner flew to Uganda. When he arrives to Uganda, the investor's like, I'm sorry, actually, my financial advisors tell me it's too risky. I'm not going to do it.

Starting point is 00:10:47 Almost like it's an emerging economy. and this thing is not 100% proven. But you should follow your word. If you say yes and you have a guy fly all away to Africa. I agree with following the word. I think if someone's putting it up likely millions, yeah, they probably want what is considered a more proven return on investment. So this is just for the export some gold.

Starting point is 00:11:04 So in Uganda, it's 7% fee to do export taxes for gold. So 10% times the price of gold at that time, Boolean to be specific, right? So let's say right now the gold price is 100K, which is not too far from that per KG. That would be, say, for five bars, 35K. At the time, we were doing 15KG. So my partner's in Uganda, now does have the money, so I step in. I feel extra confident that it has been under an authoritarian regime since 1986.

Starting point is 00:11:32 Yep, very confident. Yeah, authoritarian regimes in Africa, certainly never known for coups. Hey, people in China, authoritarian regime, they still do business there too. They take the risk. There's a lot of countries. That's been proven for multiple decades now, though. Multiple decades now. It's not an icon and with endless coups left to the heart. have time to make the return. If it's already been proven, it's already too late, right?

Starting point is 00:11:52 You need to go to areas where investors won't go as much. I mean, look at all the great commie dealers and stuff in the past, all these big companies. Vietnam's much more stable, and that's an emerging economy. Right, but Africa is a different level of extreme of returns. Extreme of risk. Exactly. Okay, how many of your investments, your little businesses have actually played off? Because, again, I would suggest that much because this usually suggests your...

Starting point is 00:12:14 Yeah. So what has actually worked, big successful guy? So we actually did able to get the gold out of Uganda. Besides the gold, why have you done that has been successful? Nothing yet. We're still working on it. So I absolutely have no trust in anything you're saying in terms of the return on investment that you can have. Exactly.

Starting point is 00:12:32 You got to work on first. You know, try different things. And that's why I did for several years. And now we're on this one. And I have proven I was able to get the gold out of Uganda. I put my own money up. The problem was the buyer, which we flew to Turkey to meet him personally, was rushing the gold delivery. So last minute, we're like, all right, this is the only route went through Kenya, which is going Dubai to Turkey, right?

Starting point is 00:12:52 Well, when it got to Kenya, it got seized up in customs. And so there's 1.5 million bar. I would never invest in an economy that is relying on 42% of their economy being from oil. Oil. Well, gold reserves there are huge. And our mine is near the border of Congo. So the parks for million are like 0.30 very high. And so just when we start digging, it's going to be a really massive one.

Starting point is 00:13:16 now when they're doing artisanal type mining, I mean, they're getting one to two KGs every few weeks. And as it's from artisanal from people in the area using shovels. Sorry, 42% live in poverty. I had the wrong statistic there. But yeah. But again, it's no, their oil is not even fully online. What? Yeah. Again, we're talking about gold here. We're not talking about it. Oh, and yeah, but they've been trying to get their oil economy online for a long time now and they can't even get that and you're trying to get gold out of their good luck, dude. How much did you put into this? That one, it was, 75K.

Starting point is 00:13:47 You personally? You personally? You put in 75,000? Yeah, my partner is in there and Uganda waiting. The buyers in Turkey waiting. I'm like, these are a moment. Yeah, waiting, waiting, waiting forever and ever and ever. Well, I set the money. They went ahead and tested gold.

Starting point is 00:14:00 Everything. By the way, I'm just going to let you know. Yeah. Based on knowing some successful people. Okay. I want successful people do with their money. If this was a slam dunk easy, everyone in the world would be fucking doing this and eating you alive.

Starting point is 00:14:14 And it would be worth it. not basically have access to this. Well, right now it's a gold seller's market. Everybody's buying gold, Dubai, Hong Kong, Turkey, all these refineries. You could bring it to Dubai right now. So if it was such a good business, many successful people would be doing it and you would not have access as easy as that. The barrier to entry is very hard, though.

Starting point is 00:14:32 It's very difficult. Exactly, which is why the wealthy person would be doing it and not you. Who do you think has better connections? Who do you think has better funds to get in there? Well, that's the thing. So now we have really good connections. We are directed. And also, if it was actually worth it, China would have.

Starting point is 00:14:45 up their offer. We have, I mean, the Chinese, they traditionally always undercut you so cheap. They want a good return on their investment. Exactly. But if it was actually worth it, they would still. Two to three millions of insult. That's why they was not taken. Insult, I don't think it's a, f***le.

Starting point is 00:14:58 It's not a personal endeavor. No, so now we have really relationships with- And how many businesses have you tried to do at this point then? With what? How many businesses have you tried to do? You opened this conversation with red tape or whatever. Yeah. So in the U.S., I also invested in one of my partners in a mentor,

Starting point is 00:15:15 that was doing the phone program. You know where they were cell phones and it was like track phones? Yeah, the little government subsidized phones. They call them Obama phones. You remember those? Honestly, no. Yeah, the government's subsidized phones for low income people. And so you would have these agents out going to.

Starting point is 00:15:31 Did we stop this? They still do it today. Well, the problem was. It's time to refresh your yard during spring backyard days at the Home Depot. Get low prices guaranteed on propane grills starting at $179, like the next grill three burner gas grill, or get $50 off a select Weber Spirit grill and bring big flavor to your backyard.

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Starting point is 00:16:10 You set up tents and you go ahead and people would go check their Social Security. And there's a business based on this. How? Yes. So you partner with the actual companies that have the phones. So Verizon has subsidiary companies that go ahead, give you the phones to sign up for the government offers. And you get a certain cut back on that.

Starting point is 00:16:27 So I invested in that a couple years ago with my mentor that I met in Miami. And that was one of my first. Your mentor. Oh, good. Oh, good. Absolute death. What is your mentor? Yeah.

Starting point is 00:16:37 So my mentor is from Columbia. But she moved to Miami. She was 19. And she's very well connected in the world. We're talking Carlos Slim, Archibachelli family. You know Carlos, I hope you know him. It's not ringing a bell. It's this financial audit.

Starting point is 00:16:51 Carlos Sim was on the Forbes, like a few years back. There's so many people on Forbes. I don't know. He was the richest man in the world, though, on Forbes. Like, I don't know, was it 10, 15 years ago? Look him up. I don't jack off over rich people. Okay, I know his face, though.

Starting point is 00:17:03 Yeah, exactly. You've seen him before, right? So he does all, Clara, the whole telecom industry in Latin America. I don't care. The whole banks. Yeah, so anyway, she introduced me to him. I went to Mexico City. I was, you know, talking to them, getting to know them, basically just getting my face into that kind of world.

Starting point is 00:17:18 So you're Matt Carlos? Yes, I did. And? And it was great. I mean, I talked to a bit. He said, because I was at the thing. This is why you're an Uber successful entrepreneur. It's about getting the knowledge back then.

Starting point is 00:17:28 I didn't have anything going at the time that could present saying, hey, invest in this. More so, I was just following my. Guys, we all know people like this in our lives, right? And where do they end up? Have we ever seen one of them be successful personally in my life? No. Well, this is this going to be your first. You're going to be doing this forever.

Starting point is 00:17:42 You'll fall into pyramid schemes. You'll fall into everything, anything quick. I'm surprised you've even put a year and a half into this. No, touch pyramid schemes at all. But I'm telling you, when you're in Mexico City with Carlos Lime, his family, the Bacheli family, it's great. You met a successful rich person once. No. Other times, too, other events, we go to dinners.

Starting point is 00:18:00 Meeting people doesn't mean you are going to, you're using that as, oh, I met this person. That means that it gave you such a boosted confidence. I was using that to validate my mentor in that, what she does and what's important. with that. And the mentors invested in this mine? No. I'm not bringing out to her because she doesn't see the vision for it. Yeah. Oh, you're a fucking. Because she's more in the, she's more in the luxury in the real estate side of things. She's more in the side where she has made money and she's not losing all her money and she wants successful. Well, I've invested in her heavily. She's still trying to build a like luxury clothing brand site. So I'm waiting on that return.

Starting point is 00:18:36 Me. Yeah. Morons. I'm surrounded by morons. I'm surrounded by morons. Fuck me. This is a thing, Okay. If you want to surround me, go to Calebhammer.com slash apply. You can come on the show, by the way. But fuck sake, what am I even dealing with here? So, okay.

Starting point is 00:18:49 Yeah, so what? Yeah, so a few years investing her being involved. That's why I lived in Miami for a year and a half was to be close to those different deals and watch everything play out. And I saw her roll of decks of connections, and I'm like, I want my own. And so I've been building that for the past year and a half.

Starting point is 00:19:03 And it's worked out so well. It will work out very well. I know it will. I mean, right now, I'll tell you this. Look, we have really good context in Ghana. girlfriend. Yes, I do. What? Yeah. Eight months. We make nine, uh, 17th for this month. Huh? Yeah. We make nine months. Oh, July 17th. Okay. Awesome. Wonderful. Congrats. Yeah. Why the f*** is she putting it up with this? Because she believes in me and she knows that I will get it done.

Starting point is 00:19:30 Oh no. She's never once had doubt. She's never once experienced this. She has not been surrounded by people like you. I've told her the entire story. She knows my business. Everything involved in. I know. She just hasn't, has the example of other people like you. you. This crashes in burns, man. This crashes in burns. Okay, can I ask you just a question? Before we get into these finances, because there's too many here to go through. Yeah, yeah, go for it. What the fuck is wrong with just a consistent 10% return on your money? Because I believe in your 20s, you should really go all in full risk. Why would I be 10% return? Because it is your best decade in your life for compound growth. But I also have to feed you travel around the world at the time to go to Turkey, meet the

Starting point is 00:20:07 buyers, to set things up that normally you couldn't do with a family and kids. Yeah, and they almost had a coup a few years ago, too. You're picking great places. Yeah, I believe in Uganda. I'm fully bullish on it. I think the emerging economies are the best place to go because the U.S. has so much red tape. I know a mine owner in Wyoming in the States here, and he came and sell his gold yet. He's waiting on environmental

Starting point is 00:20:25 permits from the government. What is the obsession with gold? Well, yes, there is red tape. Because this is why, look, and I saw this coming. When we went... This is in Europe, though, man. It's so much easier to create a business here and be successful. Listen, I've done it. I have to jerk myself off, but look where you are. Yeah, but that's not my passion. My interest is in commodities, in export.

Starting point is 00:20:41 business and moving things like gold around the world. Okay, so it's red tape specifically in the only little thing you care about, which is gold. No. I mean, in America, it's just like everything is involved as, you know, red tape involving like in the mining industry. And I made it work. Okay, mine. So it's only in mining. You only care about mining. That's what I want to do. That's why I know I want to make happen. And I have the right channels. We just found and this might, yeah, if it's those rare earth minerals, we just found one of the largest mines ever in the United States. Yeah, but that's for other different types of minerals too. Gold, you can keep finding it, but the demand It's so high, and you know why?

Starting point is 00:21:13 Because a de-dollarization of- He goes focus on gold. Okay. Yes, I'm fully bullish, locked in on gold. So again, let's be real. If your private student loans have your eye on a third job at the local taco stand. Maybe it's time for a better plan. Why Refi is your lifesaver in a sea of debt.

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Starting point is 00:22:42 Let's make your debt meltdown a distant memory, not a daily reality. If we're actually looking for a consistent proven return on investment, not advice, but we know that historically, S&P 500, all up years, all down years combined gets you 10%. If you're investing, your strong income throughout your 20s, you would be a multi, multi, multi, multi millionaire at retirement. Okay, but we're saying. you're going to crash and burn and dying poverty and this girlfriend has no idea what she is important.

Starting point is 00:23:10 Where's the story in that, though, just in there, your safe 10% return, working your cute office job. I mean, it's more scary. The ability to retire, the ability to live a good life. Yeah, where I've worked 40 years for some company, that's scarier than going to have to. You could cut back. You live in a cheap area. You could probably do 20 years. I'd rather make more than...

Starting point is 00:23:24 You could fire it. No, that's like the whole boomer mentality. You hold up, save up your money, let it get hit by inflation, squirrel it away. By inflation. Inflation is not 10% of the real basis. I mean, look where we're at now. Just people have invested all the years, like, inflation. is raising higher and higher.

Starting point is 00:23:38 Okay, inflation is like 2.5% right now. Actually, it came in today, sorry, 2.9. Yeah, I mean, inflation numbers in the U.S. now are going down finally, but again... Okay, they've been down to the last year. Long-term trends, I'm talking about, inflation has gradually rose into dollars. Long-term trends, it's inflation at about 3% historically. 10% now this year?

Starting point is 00:23:54 Yes. And value? Yeah, absolutely. And it's going to keep going down again. It endlessly fluctuates, but, yes. I know it endlessly fluctuates weights. That makes sense, of course, on central banks and interest. Of course, yes.

Starting point is 00:24:03 We know we have historic in this country, about a 3% that inflation rate on average if you take it across the board. But again, average S&P 10%. So you are getting a 7% difference there. People are retiring. People are making their lives actually work. People are living purpose. And they are actually getting to a point of success.

Starting point is 00:24:23 They are able to retire. They are able to live a life of meaning. Yeah, you're not guaranteed. Okay, you put in your retirement fine by time there. Look at people who probably retire on COVID time when everything crashed. That was the quickest rebound we've ever had in the market. That's incredible. In fact, that was one of the best money-making opportunities we've ever seen in this country.

Starting point is 00:24:39 Look at the long-term fundamental direction of right. I believe the U.S. Okay, long-term. We're looking at bricks, right? Who's the replacement? Bricks. Bricks. Russia, China, Brazil.

Starting point is 00:24:49 Yes, Russia, incredible economy. Yeah, they are actually incredible. They put the terrorists right on them and they become so self-sufficient as a country. They move to China. Yeah, and exactly. They're becoming their own entity and own world thing where they're stepping away. And China has a declining population. The United States doesn't.

Starting point is 00:25:04 No one is immigrating to China. So what are they going to do when they have two workers? The world's largest population ever, and they're all involved in Bricks in that side of the world, right? And they're becoming one of the top economies. So I think Bricks has moved forward, even trying to move away from the petrol dollar. And overall, I think the dollars use as the world's currency

Starting point is 00:25:20 that everybody uses will be diminishing over time. So who's replacing their world's reserves currency? The Bricks is going to do it. So Russia is using their... Okay, but what actual currency? China has their currency, for example. Again, it's a very controlled central government. Yeah, I mean, it's a lot of people...

Starting point is 00:25:36 We're not, and people won't even invest in the markets in China, man. And it's just, no one's willing to do that where the government would prioritize their specific country over the investment that you're making. So no one's willing to actually invest their money in there as much. People are willing to put their businesses there for sure in terms of manufacturing, for sure. But we do know for an absolute fact that they have a declining population. And it's going to be two workers to support one retiree in a matter of decades. And that is not sustainable economy. Europe's population is declining at a whole.

Starting point is 00:26:06 below. They can't even like scientifically return from that. No, no, no. Europe in the United States that is a declining birthright, but we are having immigration that is replacing it. Right. So we have workers to replace. China does not. But that's destroying Europe. Look at Europe now. I mean... Okay, this is not the conversation. Ambition comes in all shapes and sizes.

Starting point is 00:26:23 At First Citizens Bank, we roll with your goals because we're built for what you're building. Fit for your ambition for Citizens Bank. Holy... This is not the conversation. To bring it back is that. that gold is the future.

Starting point is 00:26:39 They're getting rid of their U.S. dollar reserves and stacking up as gold. And your mind is so successful. It will be, yes. Again, when we get things moving, it's so easy to sell it. I mean, you go to do buy to any refinery. So easy, which is why, again, no one else invested in this.

Starting point is 00:26:50 It's only been a year and a half. No one else is invested in this. Great businesses take time. No one else is invested in this. There are other people obviously. No successful people have invested into this. If this was an easy gold mine, people would be all up in it that are successful.

Starting point is 00:27:05 Again, they don't see the vision. They don't see the vision. They don't see the vision behind it. No, they see making money. Mm-hmm. And they have proven returns of investment. I understand the doom and gloom. It's easy to be very doom and gloom.

Starting point is 00:27:15 And no, not everything's perfect. No, I mean, it's a risk on an environment now, of course, but you look at long-term trends here. Long-term trends, I'd say gold is going to be the move. It's going to be, if you have a business, you have a gold mine, that's going to be the direction to be in. Big guy, what's your financial score is zero to ten? I could give a fuck about that part of the conversation.

Starting point is 00:27:32 My financial score. I care about your finances. I could give a fuck about that. I'll tell you one day, you're going to see maybe a month. I don't give a f-month or two. About this conversation. This is not financial audit, you dumb. You're not running the conversation.

Starting point is 00:27:45 Tell me your score is zero to ten. Rate myself right now. Yes. Okay. Wait five minutes, an answer. Yes, now. Right now, the current stance, I will give it like a two. It's abysmal right now, yes.

Starting point is 00:27:56 And you're doing absolutely nothing that has a proven return on investment that would actually benefit you. Well done. I am not anti-fri-gold either, but you're making me sound like I'm so anti-anour. right? And so pro, everything's going to grow forever. But you're just, you're so on that extreme side that you're making me sound like I'm on the extreme other side

Starting point is 00:28:16 and it's fucking moronic. I hate it. Guys, get your financial score. You can take the assessment for free at Calebhammer.com or click that link in the description below. And make sure you download our dollar-wise budgeting app. Take that free trial and sign up for the annual version to save money and get our budget on the cookbook, which is signed and mailed directly to you. It's awesome.

Starting point is 00:28:33 And the dollar-wise central program as well where you get all all of our educational services bundled the premium version of the app. Check it all out. Links in the description. Okay. I mean, they're telling me that when you were talking to them,

Starting point is 00:28:46 you legitimately believe that all of your problems that we have here are going to be solved in the next month or two when business hits. Yeah. And this is why I know actually today, my partner is being an investor in New Orleans and he's going to fly to Uganda. Good.

Starting point is 00:28:58 Got their investor that we're meeting. We've never done that. And they're flying to Uganda together with the cash to buy 5Ks, fly to Turkey, sell it to our buyer there, and it's done. And it's set because we have the right context. We're with the first family of Uganda, so the president's daughter.

Starting point is 00:29:11 We have the nephew they were connected to, the Ministry of Minds. We have LOIs from the public office, Uganda, saying they support us now. And so now that we have everything lined up, a year or half of, yes, lessons, tough lessons, but I call that tuition, right? We've learned we become masters of our trade. He's going back there with the right contacts and knocked us out the park. And when that happens, all is just wiped away. All is just wiped away.

Starting point is 00:29:32 But in the meantime, I'm trying to start the bleeding. Stop the bleeding. How many people do we? We know in our lives that are like this ladies and gentlemen. I'm sorry. I just just, I've seen people. I'd rather be that than the opposite be like, oh, I'll never make it. Successful.

Starting point is 00:29:45 This will be successful. This is success. Chasing your dream, your vision, no matter what. No, no, not no matter what. That is fucking moronic statement. Chasing your dream no matter what. No, we need to be willing to stand up and tell people their dreams are dumb. This one here is not because of the direction and the logistical things that make sense.

Starting point is 00:30:02 Obviously, if you're, look, yeah, dumb if you're talking about your dream for five years and you do nothing. As so many friends that I talk about, I want to do this. Or do that. Your dream is an unproven, moronic thing. This is what you're dealing with sketchy motherf- But we, I moved gold out of Uganda. We have contacts to political family there. Oh, this guy's so annoying to listen to. We have lots of things lined up for success. It's not just a pipe dream. Don't use the word logical. Nothing you've done here.

Starting point is 00:30:26 I mean, when you have support from the government, you have people lined up winning for you to come back and export. Yes, an authoritarian regime. Absolutely. You have that 42% live in poverty. They've been trying to get their oil industry going forever. They cannot get that offline. It is an ineffective government. Everyone's all up in the minds in Africa. No one's willing to invest in this one, not even China. You have no idea what the talking about you. China's actually very heavily involved in Africa. In your mind. Many people, you dumb. They do it on many different places. China's all over. Platinum card. Yes. What's going on

Starting point is 00:30:56 with this card? Yeah, the platinum card. So, I mean, it's an AMX card and I got it for, I mean, years ago for the point game, right? I mean, of course, you know the point game, flights. The point game. He travels five times. Here he goes. Here he goes, guys. There's absolute logic that is involved with his mind where he's able to speak on it. And he's so confident on it. And he makes it sound all well.

Starting point is 00:31:14 Now he's going to say it with points as well, which is completely defines what this guy is. I even knew what the gold operation was. This was years ago when I just wanted to get some cards. You know, at that time, I didn't have much. I can not wait to see you in 20 years, man. And you're a poor girlfriend. You'll see me in a couple months. Very wealthy, very successful.

Starting point is 00:31:32 Absolutely will not. Well, I'll be excited for that follow. up. I will not be. Okay, so you've had this for how long? I've had this one since pre-pandemic made it 2017 right after college. For the points game.

Starting point is 00:31:46 Just like for the gold game, he's doing now, which is why he's holding endless balances on this and having endless interest of crew completely negating any kind of points you would ever get. Oh, goody. Oh, goody.

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Starting point is 00:33:09 It's okay. It's worth it. Yeah, it is. This is the final day to join Hammer Elite, the best membership on YouTube for free. Let's see. What's the limit on here? Because you're at on a points game card that is accruing interest because he's really good at business strategy. He knows everything he's talking about and does everything super successfully.

Starting point is 00:33:30 $11,343.75. Nothing is more dangerous than someone that is well. spoken on a subject they are passionate about that they are complete morons on. The debt from that came from my prior involvement of my business mentor in Miami. Yeah, that was even the gold. Now, what was that prior involvement with this business mentor? Again, I mentioned the phone program, the luxury clove things. Yeah.

Starting point is 00:33:54 Oh, you are going to die in poverty. This is going to be incredible. And I wish I would invest. I wish I would invest it more and what I'm doing now than what I'd done with her back then because I'm like, if I had that capital now. I'll tell you regret this in a couple years and hopefully you actually learn your last send and just invest in things that have a proven return on investment 1,000 you just became my new motivation here to succeed i hope so man i hope so prove me wrong i can't wait i'm

Starting point is 00:34:16 excited actually now this is going to be great 1,681 dollars and 43 cents and minimumity payments you are lucky of a strong income what is your job going to think when they see they have a lunatic working for them no that's not their business so they'll be watching this what i mean they're watching is my job Yes. No. Who's they? Who's they going to be watching this? The people who employ you?

Starting point is 00:34:40 Okay. I could care less. At the end of day, I'm doing good work, and what I have financially is not affect my work. I get a little nervous if I had a complete fucking moron. I've been with them over three years now, and I'm one of the best ones there. Oh, three years, everyone. And I know just, yep, we know your personality.

Starting point is 00:34:56 We know you think you're one of the best ones. You always do. Yep. What are you thinking of them now? Why the fuck someone keep you around? Hey, good work, gets it done, and at end of the day, that's what matters most, right? To a point. To a point. I mean, no one's on my team like, oh, no, he has all this debt.

Starting point is 00:35:21 But then the code he writes is really good. It's your sanity. The way you speak on things, man. I'm able to keep things compartmentalized in different boxes. I really hope so. Of course. And I hope so, because I don't want you to get fired either. I'm not even suggesting that.

Starting point is 00:35:34 Of course. I'm just like, dude, you look like a lunatic. Well, at the end of day, the work I do speaks for herself. I'm an activist guy. not a looks guy. I can look all I want, but the results will speak for themselves. And in terms of soft enduring,

Starting point is 00:35:44 I had a good career. This $1,681 is a dramatically high minimum fee payment when you're bringing in 8,000 hours a month on just one card alone. This is one card out of so many cards that we were talking about, my guy. Let's keep going.

Starting point is 00:35:56 Huh? I said, let's keep going. That's just a start. Yeah, that's what I was doing. Yeah. Pull, $1,136. Not interest, of new charges were in the pay and full.

Starting point is 00:36:09 pay over time and or cash advances with $780, much more than you put towards it, of course. And that had $145 of interest accruing, creating a substantially high minimum monthly balance on that. Then there's the plan balance, which you plan fees, $62 and small payment there. But that was just your minimum monthly payment. Crazy man. What the fuck are you doing? why are you spending $1,900, $16 on this card? So between the Amex platinum and the Amex gold are my just everyday use cards.

Starting point is 00:36:48 Like those are ones I use for my expenses. But you're the points game, just like you're in the gold game now. Just like you'll be in some other fucking in here. Why use some like the quick silver card when I get... You're losing interest down here. It's getting completely negated. You're not mathematically making this work. I mean, either way, I have certain things I have to pay.

Starting point is 00:37:04 What do you make next month in your gold? next month. I mean, if we close this deal, I mean, $100K commission. If we close this deal. Yep. I mean,

Starting point is 00:37:11 nothing's guaranteed in business. That's always, you know, that's called fraud. If you say, I guarantee you this result, right?

Starting point is 00:37:15 That's a good hedge. Yeah. It's a good hedge. Nothing's guaranteed. Nothing's guaranteed. It's a good, my guy. Appreciate it. It's going to make you look real good.

Starting point is 00:37:22 Thank you. Okay. And when do you expect to know for a fact? So, they're meeting today. Actually, during this meeting, they're also meeting there.

Starting point is 00:37:29 He's already verbally said he's sending over 115k for the deal. and so by end of the month they are flying to Uganda to pick up a gold. So we'll know in August. Before I'm 30, this deal will be closed. Before I'm 30. What day? I want to hold you to this.

Starting point is 00:37:44 We don't have a specific day. Of course not. Well, you want to set a date then? Because he said July 23rd is when he's free, the investor, to fly to Uganda. Okay. The day you should expect your pay. Okay. The day I should expect my pay would be we set August 20th.

Starting point is 00:37:58 You set a reminder? August 20th. August 20th. Let's follow. up and we need to vet it. I want to see screenshots of everything. Let's do it. Let's vet it. Good luck. But doesn't all that money have to go into the equipment, even if you do get paid out, which? So this is our strategy. When we get that amount there, obviously, some will disperse ourselves because we invested so much to cut back on interest. And then from the rest, we'll get more shipments. We'll go back and forth. And we have an investor who's as a Harry. You told me you needed to buy equipment. Yeah, but we have an investor that's in a state. There's so many investors in this guy. But this one, you're out. This one. This one. You're out. This

Starting point is 00:38:32 one here has a condition. He says, when I see you guys deliver gold successfully, I will put a large amounts for you guys to begin mining. So when we document court us going to Turkey and delivering this gold, he will put in a large amounts of capital until we do full scale mining. Large amount. I mean, talking at least like $300,000 to $500,000 is why he's agreed to. Yes. Yes, he will put a large amount into this operation. Once he sees us, yeah, we just need deliver five bars. He just needs proof, proof of concept. And that's what we're doing, proof of concept. course careers can you please create a certification on not being an absolute moron so i can gift it to this guy great one also for a gold trade too so people can get in the game i'm not even against gold is an actual

Starting point is 00:39:11 idea this is just what you're doing so it's insane literally insane and your confidence is crazy this hubris i mean would you rather have over confidence or under confidence if you would have overconfidence no confidence in something that is proven how about that would be much better proven no not this one well again follow up Let's see what you purchased on. Okay. Apple, Bill, Amazon, Amazon, Apple, Amazon, Amazon, Amazon, Prime, D1 training, Netflix, Momentous, Amazon, Whop.

Starting point is 00:39:44 Amazon, Apple Bill, Amazon, Disney Plus, Smart Credit, Seven Falls, Seven Falls, admission, Open AI, chat GPT, electric and Ook, Mac. Electric, it's a restaurant, it looks like. Royal George Rafting, Royal George Rafting. Spotify, sandbox, VR, Apple bill. And we had plan fees, plan fees, plan fees, plan fees, plan fees, plan fees, plan please, plan fees, plan please, plan fees, and an Apple bill. The what the fucking you doing? Pull up your Amazon, you tit.

Starting point is 00:40:15 You want the orders? Just pull up your Amazon. I can navigate the app. Okay. There you go. Or screen recording. We'll black out any personal information. Sounds good.

Starting point is 00:40:23 Let's see what we got. Buy your time back. Oh, here he goes. Exit Rich. Oh, shit. I know you've had more orders than this. That was just the past. No, you probably expand it or something.

Starting point is 00:40:33 Let's see, buy again. Lots of Sharpies and toothbrush, that's fine. Here, well, this is things that are reoccurring typically. So getting a lot of the business books, and we like that. But these are definitely like the self-help, like kind of bull-off business books. Yeah, I mean, that's what I kind of ate. Lots of Whole Foods purchases, showerhead, getting your girls some clothes from Amazon. Real nice 8,000 hour a month income.

Starting point is 00:40:59 Spoiling her. Amazon. Got to take care of her. Loop tape, loop tape. Braws. Okay. Not crazy. And let's look at your Apple bills.

Starting point is 00:41:10 AppleCare, Apple TV Plus. Apple TV Plus is great. But again, it's a free trial right now thing, right? Instagram. He's paying from Instagram. Yeah, we've verified. ICloud. For what for you?

Starting point is 00:41:21 People look you up when you're doing business. I'm sure very important people are looking you up. Google photos. So as you see, there's nothing crazy in there. I'm not going crazy spending on. No, you're spending on restaurants were crazy. It was like $1,000. Yeah.

Starting point is 00:41:35 Minimum. $1,500. Shut the fuck up. When do you have a girlfriend, everything's 2x? Yeah, it doesn't mean you guys have to go out all the time, man. So we've been adjusting. I make money. Yeah.

Starting point is 00:41:45 I make money, pretty good money. My girlfriend and I? We eat at home most days. So we kind of did more of a breakfast approach now where for breakfast, we're cooking at home. And now we're working on also the dinners and so. How much money have you invested in businesses thus far? Thus far? That's far.

Starting point is 00:41:59 75 for this gold. What else? $75 for the gold. Talk about everything else. Just round doesn't have to be a perfect deal. Okay, I'll give you. I mean, the majority of my debt is business. So close to.

Starting point is 00:42:07 130,000 or so. 130,000. Very good. Let's say you invested that over the course of, since you're what, 25, let's say? Yeah, so I started as investing five years ago. Okay, let's call it 25. Yeah.

Starting point is 00:42:21 So 35 years, 35 years. And how much would you say, let's say a year you're investing into businesses as you go? A year. A year? I would say like last year. I mean, that was a big jump. A year. $85,000 last year.

Starting point is 00:42:34 How much a year? Just give me a number, dude. 85 last year. you had an invest. $8,000, all of your income. Yeah. That's impossible because you have a lot of food spending on here. Well, that's why there's loans on.

Starting point is 00:42:42 Let's just call it. Let's not interesting. Let's call it you invest realistically $40,000 a year. Yeah. Okay, so $3,33 a month if you weren't taking out debt to fund it. And you're living scrappy to make businesses work. Okay. Contribute that monthly 12 times a year.

Starting point is 00:42:58 Listen, if I put this in the S&P 500, then I'm buying SPY and Weebel. I just open up Weebel. I just put it in there. Okay. It's yummy. It's delicious. I'm getting returns on investment. 10% for the 35 years. By the time you can take things away, your tax advantage retirement funds, penalty free. Yeah, $16.8 million.

Starting point is 00:43:21 Okay. Which would have been worth about $9 million in today's money. Okay. Which is pretty damn good. $9 million in today's money. What can you do with that? $9 million dollars on $1,004. For that's your life $360,000. I mean, why?

Starting point is 00:43:33 That ain't half bad. $360. $60 in today's money, in today's value, you could be having a 60 years old that you are throwing away. I'm not going to. I'm 60 to have that amount. I'd rather make it happen now. You're not going to. This is what happens because every time someone like you does that you don't happen. I'm just saying that's what you're losing. That's what you've given up. Oh, no, it's good to know the number there. That's what you have given up. Okay. That's fun. I accept that. I'm completely okay with that. I know the risk and I know the reward. I just wish I would, I'm not, I love the entrepreneur spirit. I am not against that. It's what you're doing, man.

Starting point is 00:44:04 Why can't you do something here? Why can't you do something here that is something more service or maybe software? Why can't we look at something where you can be an endless entrepreneur here where you keep trying, try and trying, instead of getting involved overseas, authoritarian regimes, Turkey, all this. This crazy unproved. Why can't you just start something here? That was just never my nature and who I am. To start something here? Let me guess.

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Starting point is 00:45:39 It was again mismanaged by the business partner. Yeah, it was the dumb app. Yeah, it worked though. They were making money, but they wasted. 25,000 that was, had to pay off a loan. People were getting tested. Yeah, anyway, that's this thing. But from there, it just got involved more in international business.

Starting point is 00:45:53 Again, through my mentor, and that opened my eyes. I think this mentor was a mistake. I would say investing here was definitely like, I regret to actually use it on my own business. I would have been through the finish line. Okay, gold card. What's going on with this? So that's just my everyday, like, card.

Starting point is 00:46:09 That's what you said for the last card. Yeah, the platinum, well, gold more so. The platinum is more for like flights and hotel when we do it. But the gold is like for, you know, guys, he has two everyday cards. Yeah, two everyday cards. Well, the platinum is only used more for travel, right? So whenever.

Starting point is 00:46:26 And then the gold is for, you know, food. So shopping is three. Yeah, we spend way more than we put towards the card, of course. You spend $1,532 on there, and then it spent an additional $435 on the payover time or cash advance. So new charges $2,000. We have a balance on here of $3,532 to $69 with a minimum monthly payment of $1,59. Now, moronically, of course, you invest all your money and take out debt in order to fund your lifestyle into this business. but how do you pay for the now 3,000 hours of minimum monthly payments?

Starting point is 00:47:03 Yeah. How do you pay for that? Yeah, so, I mean, let's put more in scales there. So the interest, I think, is 3,000. The principal is about 2,000 total. So it's 5,000 or so. No, your minimum monthly payment is $3,000, and the two cards we've looked at so far combined.

Starting point is 00:47:15 I'll pay it. How do you pay that? No, no, no. You said your entire income is going to investing, so how do you pay for that? I don't put my income. Because that can be impossible. Well, now I don't put it towards investing.

Starting point is 00:47:24 I put what I need to do. Oh, this guy's impossible. This guy's so fucking done, dude. This year. We're the Hartford, with decades of experience insuring millions of unique small businesses, when it comes to your small business insurance. Thank you. One size, absolutely does not fit all.

Starting point is 00:47:40 Get a quote or find an agent today at thehartford.com slash small business. I've pulled back a lot on the investments because we put in what we could, and now it's more of managing my personal finances until the deals closed. So now... Yeah, the last card took 30 years to be half. This takes eight. Yeah. Good the fuck.

Starting point is 00:47:56 Yeah, let's pay on a 30% interest card. or 30 instead of investing until we're 30. This is going to go so well. It's taking a short term, you know, issue like this for a long-term success. Yep, that's shortcut to wealth. Always successful. Everyone's incredibly successful. Come on, you're taking a short cut.

Starting point is 00:48:13 A year and a half is a shortcut to wealth compared to a 30-year-old. But I started this journey years ago, five years ago, just getting into entrepreneurship in general. So it wasn't like a... Yeah, but not this investment. You f***ick. Again, this is the one that's going to work. And it's going to close all this out.

Starting point is 00:48:28 and it would be a great story about the end of it. Going inside Target, who even knows what you're getting there? A ball of coffee and macha and Chick-fil-A. Oh, Chick-fil-A, that's the guilty pleasure there. The guilty pleasure, you've had thousands of dollars of guilty pleasures before this. Chick-fil-A is like the-shut. Shut the fuck up, dude. Ice, Tea House, or Tea House, Happy Lion Cafe, Happy Lion Cafe, Chili's PlayStation Network.

Starting point is 00:48:55 How do you even... This is so stupid. District Donuts Sliders brew. World market. Waste the fucking money. Typically, just expensive. Cherrybaum coffee, coffee shop, Starbucks store going to eat in some BS. Aloff, New Orleans. Why would you even need that? You live in New Orleans.

Starting point is 00:49:15 No, it was for like drinks. Yes, you have so much money. You have so much money. Trader going in and getting some BS from Trader Joe's, most likely because it's very cheap. No, flowers. Shake shack. Okay, BS.

Starting point is 00:49:27 That's BS. That's BS. It is not necessary for survival. That is BS. Shut the fuck up. Winning got some BS. Lain and Gusson B.S. Panda Express Coffee House in and out.

Starting point is 00:49:35 New Orleans Airport. No, this is so fucking stupid. Torres de la Joris. Norish organic juice. Jekintelli's Greek, the bean peddler, rabbit hole, white water bar, hungry bear,

Starting point is 00:49:51 Java Hoss. Guys, the person you should be taking all your financial advice from, guys, this guy right here. Dumbass. Concessions, concessions, concession, up. Tatsuya. Tatsuah. Revenous Cafe, Renda Vness Cafe, Raising Keynes McDonald's, Coffee Shop,

Starting point is 00:50:11 going to get in some BS burger nerds. Clando Seafood. Getting some BS Chick-fil-A evolve. Coffee District donuts. Texas. Roan House Donuts. Lions Cafe. Getting some BS coffee shop. Caval Veterans. Coffee Veterans. Smoothie King District Donuts. Coffee Shop. Coffee Shop. Shake, Happy Lions, Starbucks coffee shop, Lake Town veterans. Shereida, Shereida. You gotta be kidding me. You gotta be kidding me.

Starting point is 00:50:41 This is ridiculous. This is mononic. It's one category of food, which it's better to cut that out than buying much of crazy, stupid things. That was a bunch of crazy, what the fuck you... But it's one category of crazy stupid things.

Starting point is 00:50:55 No, and food and drinks and flowers are all different, dude. You know you have a girlfriend. You have to buy her. flowers. Yes, but I can afford it. It doesn't, it's not required for our survival of existence. But you have 140,000 hours of bad debt. 145,000 dollars of bad debt. Then business that is 12,000, low or no interest at $30,000. Total debt is upwards of $200,000. Now, we know what comes in. How much do you spend last month? Last month? I mean, it was probably a slight deficit. By the way, may I just say, this is just based on Well, hold on.

Starting point is 00:51:33 I'll give you everything here in just a second. But what do you think you spent? And that includes investing as well. This last month, you... Okay, this last month, 8,000, 10, maybe probably 8,500, 9,000. Close to 9,000, I would say. $12,000,500, I would say.

Starting point is 00:51:50 $12,500. So you're spending more than you make and then you have minimum fee payments that you can't afford and you invest all your money. Okay, so context for that, at least at $12,000, too. It's some things people have me book are due and then they sent me the money to pay that back. So it wasn't like I was buying

Starting point is 00:52:04 $12,500. So according to the National Resource Governors Institute, which has a research paper on setting up Uganda national mining companies. And then according to an additional 15 sources we have here from

Starting point is 00:52:20 the World Economic Council, National Resource Institute again, Kovernate Global Institute, PNC, mixed mining consulting, science database, European American Chamber of Commerce. Yeah, you have a 10% success rate. Great.

Starting point is 00:52:36 Well, I'll be in that 10%. 90% failure rate on Ugandan mine operations for foreign users. Yeah, I did a context. They probably knew no one there. They had no connections, no connection to government, the different ministry mines. They had zero. And how many of them actually spent time in Uganda versus some kid in his couch or some other entrepreneur?

Starting point is 00:52:52 Obviously, that's a question. I cannot actually answer. But are you suggesting you're the only one that's gone in there with any kind of connection? Shut the fuck, dude. I'm not saying that. said that. Your hubris is, you are so dead. We will be the 10%. A 10% success rate is horrible where you nearly

Starting point is 00:53:08 nearly have 100% success rate on a 10% return on your investment with the S&P 500. Not a promise on investment advice. But come on. I would say we have I would put us at a 75% chance rate because of our connections. That fees up the this year so far, interest of the this year so far in both these cards alone. This is a pathetic life that you are setting up for your girlfriend who has no idea what she's getting to.

Starting point is 00:53:30 in this building? No, she's not. Can I call her afterwards? If you want to, you can. Yes, I need to call her in the financial auto post show and I need her to know the mess she is getting in. She is, she sees an entrepreneur, she sees happiness around this. She has not seen all the people like you that endlessly circle the drain their entire lives at the hope of a quick dollar. She's on my team. She understands. She knows how we're going to do. Inc card. Tell me what's going on. Business Inc. card. So that one, again, was spent on my prior mentor in business things. That's just the prior mentor business.

Starting point is 00:54:09 Buddy, you're still spending on this and you're only making your minimum monthly payment. $367 is your minimum monthly payment. $12,49,0.80 is your ballots with $242.92. of interest occurring on a monthly basis. That's fucking insane. Right. But that card's not reporting to my credit right now because it's, the business cards. That's not the highest priority right now.

Starting point is 00:54:32 It's still saying you're losing money. And he has Xbox Live gold being charged on this. Yeah, I should cancel. Obviously, you got your fees up the $2,000 of interest this year so far. What is this? How long does this take to pay off? This must take decades. This is moronic.

Starting point is 00:54:48 Yeah, I mean, it'll take decades. So when did you spend on this? This was for the clothing brand and other successful investor endeavor that you've done? Yeah, that was back then. So, again, it was used for that endeavor. Back that a couple years ago. Yeah, a couple years ago back then. It's not used for my current endeavor.

Starting point is 00:55:04 Well, no, you probably can't. Yeah, you can't. You have a limit. You can spend $310. So shut up. That's not something to brag about. Shut the fuck up. Okay, so tell me about this investment in what you did and what you spent this time.

Starting point is 00:55:17 And now is accruing it. So actually, you bought a Tesla Model S a few years ago. Yeah. You think you can afford that while you're doing all this. That's like a $90,000 car. Let me clarify. That was before I got into all these business. investments. So that was before any of that involvement.

Starting point is 00:55:37 You are so reckless with your money. You are going to, you are, you are going to make so much money through your successful career, your entire life, and you're going to have zero dollars so far. In fact, you will only be negative net worth your entire life. And it's going to be so sad to see. At least I put that towards an investment and not wastefully on many other things. No. Tesla's not an investment. I know that. And that's why I sold it to invest in the business. One of the quickest depreciating car. And I love my Tesla. And I'm upgrading to the new X. Crazy story. So when I moved to Miami, I had it, Carvana offered me 85, which I got it at. Wow, this is crazy. I'm so interested.

Starting point is 00:56:06 And then someone hit it back into it, and I had to order the part to fix it. By the time, I got the part, Elon Musk had depreciated Tesla's value, and I sold at like 50K, so I lost 35 on it. Wow, that was thrilling. Yeah, I know. It's horrible. And then it could have had a break even, though. So, yeah, they devalued by that time, devaluation was not as intense. Great. So you gave her on your credit card, or your life money was spent on the credit card and then you gave her your life money for survival to her. Yeah, I mean, loans, loans, credit cards, all of that. And the clothing brand.

Starting point is 00:56:38 Tell me what happened on that successful endeavor. I mean, she's still working on now. We have suppliers in Italy. Yeah. Uh-huh. Yeah. I mean, at this point, I'm more focused on my own endeavors with the gold stuff. I mean, I'm more.

Starting point is 00:56:50 It's not even your own endeavors, buddy. It's your business partners endeavor who's African-American that has lineage back in Uganda. Yeah. I mean, me and him are the perfect team. And we're going to make it a half. happen at end of day. I have him. He goes to Uganda. He handles those things. I handle a lot of other things involving in other partners. We have in Hong Kong, Dubai, other locations.

Starting point is 00:57:08 This guy's so, you have. Yeah. So we have a deal right now working on between Hong Kong and Africa gold supply. No, the buyer's on board. They're waiting for the financier to get RWA. They're doing block funds. Everyone's waiting on someone. Everyone's waiting on some investment in financing. Shut the fuck up, dude. You are lined up. You are so ruined. Oh, this is hilarious. No, the gold thing, we have multiple facets and directions

Starting point is 00:57:34 we're attacking it. So one of those will happen. It's a matter of time. You're such a silly little goose. The goose that lays gold eggs though.

Starting point is 00:57:42 Hasn't yet. Never once. It will. You've got to be patient. That's 200,000 hours in debt. Shut the fuck up. Okay, this girl's going

Starting point is 00:57:48 to make some money. Maybe you might come to me for an investment one day. Absolutely not. We need a new office, Eli. I got you. Don't worry.

Starting point is 00:57:57 A new office? Yeah. In New Orleans? Hey, maybe different locations. New Orleans? A declining city? Not New Orleans. I'll put you somewhere nicer.

Starting point is 00:58:07 I want to do that to you. Put you in Miami. A lot of crazy people out there, crazier than me. I never talk about this because honestly, I really don't give a f***. But here's the reality. I have a net worth that is substantially higher

Starting point is 00:58:16 than you will ever even come close to. Well, once it's gold deal closes, you'll be looking up, not down. Even if your gold deal closes, it's not even close. So this is not a jack-off test here. If you look at mine ownership, that's...

Starting point is 00:58:29 Oh, you're just... such an egotistical delusional... We'll be laughing down the road. We'll be talking about it. Yeah, you're crazy. Here you are now. If I'm lucky, I will never see you

Starting point is 00:58:40 after this filming is concluded again. If you're lucky, you'll see me again. Venmo? You have $5,044. $54.54? On Fri-Venmo? What is wrong with you? That was for the gold stuff

Starting point is 00:58:52 when we did some cash advances. Oh, fuck this guy. Okay, tell me. Yeah, when you're in Uganda, you have expenses out there. And, you know, the gold market fluctuates. Price has changed. So we were off by a couple thousand. And so I did a cash advance over to there.

Starting point is 00:59:10 We did Western Union. And partners are over there, right, so you got the cash. And that's what we use to help us when we're exporting. Oh, he's over his limit by $44. This guy's a fucking keeper. I mean, I have proof I got it out of Uganda. You could look, Nairobi, I have videos. Proof of Life.

Starting point is 00:59:26 The 15 bars are in customs there. Am I telling you you didn't go to Uganda? No, I'm saying you're over your limit, you moron. I know I'm over the limit, but that's why we're working day and night to make this happen closer. No, you're not. You're over the limit. Okay. You wouldn't be.

Starting point is 00:59:40 Okay. When was this spent? I mean, that was. When was it spent? You f***ing, you f***er. Then it would not be over the limit if you're working day and I. Shut the fuck up. You are a financial loser.

Starting point is 00:59:51 Hey, we start somewhere. We all start somewhere. You're going only negative. You need to make minimum $200,000 just to get to zero. Well, I have other plans too. I'm working to consolidate all this into one. So then I'll stop. of leading. I'm already working

Starting point is 01:00:04 with people. It doesn't always working with people guys. He's working with people again. I have a personal friend of my business partner. He's working to help me consolidate. He's the guy that has never able to do one thing in his life on his own. He always has to have other people. That's a failure of an entrepreneur by the way. Hey, you don't win it by

Starting point is 01:00:20 lone wolf. You need a team to win. If you are incapable of doing anything yourself, you are never going to be successful. I do what I'm good at and then I allow people to do it. You're good at nothing. I am good at making connections and having plans and visions to move forward. Your connections have resulted in you only going further into debt and never having one successful investment that has returned. Again, it's a dip down, then we're going up.

Starting point is 01:00:37 It's only gone down. And it will go up. There is no up yet. Well, you haven't seen the end of the story yet. So wait for the end of the book. For all lucky, the end of the story is you getting hit by a bus outside of the office. Man, hey, then we have life insurance money and then. Thank you.

Starting point is 01:00:50 Let me cash it out. Yeah. I'll add you after. Who the fuck am I talking to right now? This is insane. I did not know this is what I'd be waking up to today. 18 years to pay this off. Shut the fuck up.

Starting point is 01:01:02 Shut the fuck up. You're a joke. You're over the living on Venmo for a year ago. For a year ago. I paid it down and then used it later for rent. So it wasn't for a year ago. Then shut up. You extra have no idea what you're talking about.

Starting point is 01:01:15 Or you're just lying or are you just saying things to make yourself look better? Shut up! I mean, I paid it down for a bit and then it went back up again. That's how it goes. You used it for fucking rent out of all things. Yep. You are incapable of surviving. This poor girlfriend, this poor girlfriend, this poor girlfriend.

Starting point is 01:01:31 this poor girlfriend. She's not going to be poor for long. No, she's going to run in. Hey, I'll invite you to our wedding. There you go. No, thank you. You will see it. No.

Starting point is 01:01:41 It'll be the grandest one you ever see. Sponsored by the Gold Mine. The Ugandan Gold Mine sponsored wedding in New Orleans. I'm sure that'll be very popular there. Hey. I'm sure that community is going to really appreciate it. No worry. I won't forget you when we're at the invites.

Starting point is 01:02:00 Okay, thousand hours of interest is here so far in here. This is fucking stupid. Putting it on rent? Yeah, a dumb. Yeah, a dumb. Quick Silver, tell me what's going on. Yeah, that's one that my original first credit cards, actually. I mean, that one was...

Starting point is 01:02:13 So there's like nostalgia and that's why you're keeping it. I mean, you're purchasing on it. I mean, it's good to have older cards, right? It attributes your credit score. Sure, but you're maxed out. So any kind of... This being over maxed out has much more impact on credit. I know, credit utilization.

Starting point is 01:02:28 Yes, it is a higher percentage impact on your credit than your credit length and age. Exactly, but I've been trying to keep. keep up with overall debt. I haven't had the actual liquidity. Okay, well, you have it because this is maxed out, so shut the fuck up. Yeah, it's maxed out for now. Everything is for now. You're a for now person.

Starting point is 01:02:43 You're just, you're like, you could just, you could just, you could be outside finding a homeless person and you'll just be beating him down and someone will be stopping. You're like, well, I'm only beating him for now. So it's okay, guys. I'm only beating this for now. It's okay. You're like the guy who, like, reads a book never finished it, never sees the ending of it. Me?

Starting point is 01:03:02 I finish every book, even if I hate it. No, that is absolutely incorrect. I finish every book, even if I hate it, and I hate that part about me. I hate that part about me. Well, then keep reading the story. I finish every movie as well, and I fucking hate that part about my personality.

Starting point is 01:03:16 Okay, you owe $1,456,083 cents on here. Why did you come on here? Generally have to know, because you seem like the most delusional, hard set. You already know you want to go. Motherfucker I've ever met. What's the purpose of you being here? Because right now I feel like you're wasting my time.

Starting point is 01:03:32 I'm just trying to stop the bleeding of the interest rates and stuff and try to steady the ship to hold out long enough to close these deals. And that's one of the main reason I'm here is I need a plan to at least keep things steady until that time comes.

Starting point is 01:03:44 I need to buy myself time. Okay, so to stop the bleeding, well, I guess I can curate my thoughts to someone's goal, but I still don't fully support this Ugandan thing. But I can curate what we're talking about today. Exactly. What's focus on that?

Starting point is 01:03:59 Like how can we meet in the middle and stop the bleeding? $1,300 going into eating out a loan miscellaneous bullshit. So there's an answer. Yeah, the food. Do you budget? I have a quick and simplify where I put everything on there.

Starting point is 01:04:13 Okay. But I don't have a strict. Clearly, that's not working. You didn't know how much you spent last month, even though it was $12,500 when you brought an A. Again, that was because I had other people, we booked someone together and that showed on my report is usually around $10,000. So, yeah, the food is the biggest issue.

Starting point is 01:04:27 Not the biggest. I'd say it's your endless debt. No, it's your endless debt. Okay. Because your minimum fee payments alone. Right now. what's actual the food portion ever wanted to create high quality videos without spending hours filming editing and re-editing your life choices today's sponsor inviio ai is the tool that lets you generate

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Starting point is 01:05:41 Let's get back to the episode. Your rent's high too. Yeah. Move cheaper. Especially for New Orleans. Well, I'm seeing 2,294. That must be after utilities. No, it's 1970 total.

Starting point is 01:05:52 Okay, so after utility? The norm is seen renters insurance? Well, it includes. I mean, if you pay like entered the power, of course, stuff like that. Yeah. Utilities, you dumb. What do you think that is? Yeah.

Starting point is 01:06:00 This guy's a fucking moron. Oh my gosh. I'm sorry. I'm just being insulting. $10. No, go for it. Just pissing me off. They say all you want.

Starting point is 01:06:07 Level credit. Is that that track? Yeah, so that tracks like your payments or your bills. So like the rent, your phone bills. You can not pay off. That takes 10 years to pay off. You're old guy. I'm trying to rectify my credit score.

Starting point is 01:06:24 So I can go ahead and get some form of consolidations. What's your credit? Like $690 on trans unions. A consolidation. is not going to help you. It's actually going to damage you because what someone like you does, I've only seen it a thousand times on the show, but someone like you do does is you take the debt,

Starting point is 01:06:37 you consolidate it into this debt, now you have limits that you can spend here again and then you spend it. Now you have double debt. I'm not doing that. No, but that's what everyone in like you does. You keep having this confidence, this beyond confidence that you know exactly what's going to happen, but I have

Starting point is 01:06:54 seen it time and time again. I've seen people doing business stuff like you and they've all failed. We have statistics, 10% successful, Right. Okay. Well, it's not zero percent. It's not zero percent, but you could have a much better return on investment. For the 75. We all have that dream trip.

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Starting point is 01:07:34 Go to your happy price. Priceline. You f***. And I've also seen people like you do the consolidation without actually fixing their head behavior and it just goes all the way up. But you can't, you don't even qualify for them now, right? Because they're all. Now right now.

Starting point is 01:07:49 Of course not. Remind me again. What's your score? Like 690, 680, depending on the borough? Your utilization and debt to income must be just so substantial. Those are the two. It's hard right now to get it. So I'm looking at like some private.

Starting point is 01:08:00 investors to help with a consolidation. Private who's going to invest? Because I've never missed a payment. Hey, look, on my credit history, I've never missed a payment. Guys, out of all private investors he's been looking for in his entire life. Now he's looking for a private investor to consolidate it. Fine. I'll do it at 100% interest rate.

Starting point is 01:08:16 100% interest rate. Yep. I mean, I already paying the 20s range already. Yep. I'll do it 100. Why 100? Because why the fuck would any private investor ever take you on? Because they see my risk profile and never miss a payment.

Starting point is 01:08:26 I've always managed my debt. I have a perfect history besides the amount of debt. and so I've never once missed a payment in my life. I'll consolidate you. I'll consolidate your 180% debt. I will consolidate it at 18%. It can be paid over the course of 10 years. So whatever that minimum,

Starting point is 01:08:46 monthly payment equals. Yeah. But I put a lien against every single asset you own. I mean, go for it. That's fair. Handshake right here. I'm watching this. Thank you.

Starting point is 01:08:59 I just made a lot of money. I'm going to need to take a look at those assets first. Good luck finding them. Okay, so it sounds like it's not happening. I mean, which is why would anyone invest in you if they don't have that backup? No, they need a backup. Okay, sign all the legal documents you want. No one's willing to give you a mortgage without actually the same with a car loan without the lien on it.

Starting point is 01:09:20 Sign all the legal documents you want then to make it happen. You don't have anything to put a lien on. Okay. So why would they do this? This is such a beyond risk. Again, look at my history. I've never missed a payment. I'm not going to miss anything.

Starting point is 01:09:31 there's a consolidation. They can see all the different boroughs statements, all three major boroughs. Look at my smart care report. I've never missed a payment. I've managed it perfectly. And that's my problem. I just want to consolidate it together.

Starting point is 01:09:41 And that's it. I mean, these cards are in 25, 29% APR. Yes, it's harder right now. And so, if I get down to 18%, that would be a life game changer. And we'll just build up all your balances again. I would not. Yes, you will.

Starting point is 01:09:52 You're not the one unique case in the history of this. Well, you're incapable of setting the ship. We have your spending. We have your endless investing. You're going to find a new thing to invest. to invest in in in a few months. No, I'm not. It's locked in.

Starting point is 01:10:05 I've invested what I needed to do. It's on autopilot. I'm done with you. You're lost. You're so beyond confident. You're not willing to listen. Tell me, what's your plan? Tell me what you want.

Starting point is 01:10:15 I've been trying this whole conversation, man. You haven't come up with a plane yet. You've talked about the gold business. I want you to get on the steady. I want to be the steady too. I want you to get out of these weird risky investments. And I want you to just invest in the market, maybe some real estate.

Starting point is 01:10:30 You can utilize your strong income and you can get some good stuff done here. You could fire. You could retire in 20 years and have an incredible life. And that's what I want to do now is I wanted to stop the risky investments. Cut the faucet off completely.

Starting point is 01:10:43 Cut the faucet off completely. That is not at all with your ship. No, I don't believe you. That is not what your language is. Listen, this PayPal credit takes 22 years to pay off. Close to maxed out as always. You owe $7,178. and 41 cents.

Starting point is 01:11:01 So what's up with the PayPal credit? PayPal credit. So that was for a course on like fundamental economics. So like interest rates, banks. Yeah, lose your mind on it. This is this fucking guy. This is this guy. Gold market. Everything has helped a lot.

Starting point is 01:11:13 Just understand the world economy. Which that's ridiculous. That's ridiculous. Because here's the thing. I am not against education. Shut the off for a second. I am not against education. There are good educational resources out there.

Starting point is 01:11:26 I think Ramsey's is a pretty good educational resource. The money guy has a good educational resource. We collaborated with a lot of people and we created our educational resources, which by the way, for example, the money guys, they're like $200. Ramsey is a monthly subscription. Ours is literally get the premium version of our app at all six of our educational programs that we collaborated with experts on, which has the lowest refund rate in the agency and the industry for a reason because we have the best proven education. We do that all.

Starting point is 01:11:55 $197. Dollar White Central is $197. and they get all of that. You went into PayPal credit debt, 8,000 hours to learn about economics. Buddy, I guarantee you our programs are better and it's beyond cheaper. That's so...

Starting point is 01:12:09 That's the most dumb thing I've ever heard. You were sold on a lie. No, so it also includes, you know, Bloomberg Terminal, but their version of it, prime market terminal. But it gives you access to all, like, bank reports. But you don't need. I do.

Starting point is 01:12:23 I read through all the bank reports to keep up... What do you do? Keep up with commodities and the different markets. I kind of out of these without that. I read through all them. They're more thorough. They have more researchers. They pay $100,000 salaries to create these reports.

Starting point is 01:12:35 I read through them all. This is ridiculous. This is so f***amoronic, dude. Okay, so I got hammered, so to say. So let's go with a plan now, huh? What's next? You disgust me. I'm correcting your behavior again.

Starting point is 01:12:54 Okay. A massive economic course like this is not necessary. Now, a lot of people use the argument. there shouldn't be courses because everything's free online. Listen, it's hard to organize things. And it's hard to get it. Shut up. It's not just time.

Starting point is 01:13:06 It is also just hard to find the reliable information because there's lots of different opinions. So that's why we put together our stuff. So I get it. But this is way beyond a fucking, they just used and abused you. And I bet their refund requests are through the roof. No, it's a great program.

Starting point is 01:13:22 That plus the terminal. He'd do it again. Oh, he's, guys, he's ruined. 30% of issues. Now we're sending. Shut up. What is this? Tell me what this.

Starting point is 01:13:30 Shut up. Tell me what this is. Looks like a firm. Yep. Great. We owe 6,000 hours on a firm, essentially. Sure. So a firm, 5,855, and $82.

Starting point is 01:13:40 Yes, so that's all apartment moving costs. December, January, I moved in. Start from scratch. So I had to get literally everything. So you look at Target. That's for all the kitchen supplies, other things. Amazon? He likes sleep?

Starting point is 01:13:54 Yeah, the bed. What is that? You dumb tip? It's a bed. I don't even know what your due costs are. Oh, Klarna's coming up next. Fantastic. Will I see a doored Klarna in here?

Starting point is 01:14:06 Let's find out. No, I've seen those. I refuse to do that. Yeah, because you're so smart. I'm not that far lost. I would rather you do that than this Ugandan thing, dude. Jeez, door dashing. Moron?

Starting point is 01:14:19 This doesn't make sense. I'm not seeing all the previous charges than the one that just happened. I mean, it's Affirm Chaklana. Recent transactions. Well, Affirm, even on the Affirm. thing here. I'm getting Amazon, Helix Sleep, Albany Park, Amazon, but I'm not seeing those on here.

Starting point is 01:14:37 That's the account. It's so annoying. Yeah. And I don't even know what your payments are. I'm going to say you probably have like a $500 payment. No, it's a... Oh, total? I don't know. No, man. Okay, pull up your Klarna. Okay. Okay, Clarnet. This is insane, dude.

Starting point is 01:14:55 This is fucking ridiculous. Can you face someone on there really quick? Sure. The Airbnb on there you'll see was when we did a group trip and I had AirBine the cash for that and so I put that cash to... And you had to seek investors?

Starting point is 01:15:09 No, I put the cash to pay down some higher interest balances because Klarna had lower interest so I kind of shuffled the cash over that way. That's why you see the Airbnb on it. What's the interest on the Klarna? Usually it's like 35% That one? No, it's check it and see.

Starting point is 01:15:23 Tell me what was the interest rate that you put it towards? Oh, for that one? So they have like a Sapphire card or the Chase card which is like 25. to 29% range. Oh, 25.

Starting point is 01:15:31 That is high. Yeah, it is high. Yeah, this one's at 32. Shut the fuck up. You're the dumbest I've ever met in my entire life and I hate you. Well, there we go. We miscalculated. Miscalculated.

Starting point is 01:15:40 You just didn't look. Yeah. Now I extra never trust you to make any decision you've ever made. I mean, then that one is just moving cash around. It needed more liquidity. And so even it's a little higher, it's still going to have it to move it to other places. I'm going to say this like $500 a month as well. You can't use a car.

Starting point is 01:15:56 Shut off. You don't know what you're talking about. If I had a car max out. You don't. 10 like you know what you're talking about. You have no idea what you're talking about. I'm not going to listen to it. I'm not going to listen to it.

Starting point is 01:16:04 Airbnb, ticket master. Shut the fucking. You're not getting ticket master if we're trying to survive Airbnb. It's still fucking stupid. Ticketmaster Airbnb just endlessly throughout the history. Just over and over and over again. So stupid. So stupid.

Starting point is 01:16:18 Substitute of 25% interest, which you built up right away again, which is why I know the consolidation won't work because none of these were paid doors, by the way. Yeah, I need more real. Four, four, four, four, four, four, uh, 32% interest rate. Shut. Up, shut.

Starting point is 01:16:30 But, okay, what is this loan? I don't know what this loan is. It's the $7,173 loan. What is the loan? That was when I leased my car. So you get to put down it. This is a lease. You took a loan for the down payment on your lease.

Starting point is 01:16:44 Yes. Made him stand up. I've never seen this. I'm sweating because you're such a. I can't stand your existence. These choices that you're making make no. Obnoxious use of time. I'm getting swap ass.

Starting point is 01:17:09 Everything is unpleasant. They're a 10% of interest rate. Hey, it's barely than the 20s. Shut up! I don't want to hear your voice. What do I even call this? What is this loan? A loan.

Starting point is 01:17:30 From who? I think that is upgrade or upstart one of those two. Okay, let's call it upstart. Yeah, let's do that. It's a biweekly payment to make it look a little more acceptable. Your girlfriend's getting into a situation where she has no idea. Or she's just literally, you have picked her up when she was waiting for. And she just, nothing is making sense to her in general.

Starting point is 01:18:01 There's more things than finances and people. Yes, but you're going to tear her down and bring her down her dark path. No. There is more than just finances, but you can pull someone down, man. We're coming up. No, this is a 401K loan, they're saying. Oh, that's a set. Wait, that one is?

Starting point is 01:18:16 Okay, so then the car one is probably $5,000 and the 401K is seven. Yeah, had a mix up there because the balances were both a little low. You can't even keep track of your own debt. You're so... Dude, I don't even know what to do with you. You're such a joke. What I... Obviously, that comes from your pay before it even hits.

Starting point is 01:18:43 But if you get fired or you quit your job, that's going to come due. Good luck, $10,000. Of course. I mean, if you're fired, obviously, that's not the best option. Or quit, you... I'm not going to quit. Yeah, you really have no choice. Well, quit once the gold hits.

Starting point is 01:18:57 Ha ha ha ha ha. Mm-hmm. Blue cash. That's basically the cast card for AMX. So they have a benefit on gas. I don't want to hear your voice. $1,587.27

Starting point is 01:19:11 with a minimum monthly payment of $50.75. $177.00. Interest, $35.23. Seven years to pay off. Not even coming close. Not even coming close to paying this off. Let me see what your girlfriend looks like.

Starting point is 01:19:28 I want to see if this was a desperation thing or a No, there's no desperation here There you go I make sure she's not like a burn victim or something No, she's very humble Beautiful girl Supports me and everything

Starting point is 01:19:46 Yeah, she's pretty In fact, she's B-Dogs-type You guys know B-Dog, the translator Also a member Hammer Elite Tons of makeup Some fake Things That's B-D-Ups type

Starting point is 01:19:59 It is B-Dog's type Well, that's not her He likes him fake She's 100% authentic and real Okay Yeah I mean she looks like she's Definitely a gold digger For sure

Starting point is 01:20:10 She's not She's had many men in her past That had money that she turned down No because she does not want to be That kind of person Okay so she looks like a gold digger for sure Oh yeah she looks like it And even her work friends say that

Starting point is 01:20:21 And she's hoping that he unlocks gold However she hasn't no idea what this guy She got with me before she even knew The whole gold operation too So it will let her know Don't worry She knows now of course knows what?

Starting point is 01:20:33 The whole operation. No, she doesn't understand because you're able to sit there and you're actually able to sound halfway decent on what you're talking about and that's the most dangerous thing. You're just not in reality with what you're talking about.

Starting point is 01:20:44 You couldn't even tell me the success rate for these kind of minds. I mean, again, I don't really care what the success rate is. I know what's in front of me. Why would I want to know the success rate for an investment of 75,000?

Starting point is 01:20:54 I still would have done it because I have the right connections now, so that's all I needed. So I can almost protract out my success rate. Hey, gas, gas, gas, discount. I'm f***um. Dumbass. Damn, dumb. Some fees. Bullsh, bullshit.

Starting point is 01:21:07 You're fucking. I hate my life. And it's all great. Sapphire Reserve. Mm-hmm. Okay. You owe $780.29 on here with a minimum monthly payment of $40. Well done, you a little bit. Oof.

Starting point is 01:21:23 I just said, that's a lot better than other ones. You don't deserve money. There's a little bright spot in the scheme of things. $168 of purchases. $15. $2027 of interest accruing. Sweetwater sound $130.73. For fucking what?

Starting point is 01:21:42 I play guitar for... Oh my gosh. You should just... You are all over the place. You have... Nothing makes sense. Nothing makes sense that you do. It's okay to have a hobby,

Starting point is 01:21:52 but just your spending is beyond out of control. What you prioritize, what you're trying to do in life makes no sense. You're such a mess. You're a mess. Yeah, my priority is business. The near-term priority is now to stabilize the ship. you're not even saving for your taxes, dude.

Starting point is 01:22:07 Yeah, I know. It's coming. Clock is ticking. Yeah, and it's not going to be an insignificant amount of money for your earning. I know. It's going to be big. And IRS is not who we're fucking with. I know.

Starting point is 01:22:18 You don't want to mess with them, but it's coming regardless. Yeah, you are. Well, that's what I'm trying. No, no. Even if I gave you the most aggressive plan, there is no stabilizing the Shep before taxes come to do. This is so beyond egregious. There is no stabilizing this.

Starting point is 01:22:30 The only thing if we want to prioritize IRS is you just don't pay. pay your debt, allow them to all your credit and go into collections and destroy you, and you're just saving up for taxes. Yeah,

Starting point is 01:22:39 I'm not doing that. Exactly. I don't, I see no plan. No plan gets you there. I don't see a plan, especially not with your life. I mean,

Starting point is 01:22:45 my business plan, that's what's going to make it. So, I have that much belief in it that I see the train coming. Restaurant, restaurant, restaurant, also looks like

Starting point is 01:22:55 great use of time. Instead of paying taxes. Do you have wealthy parents? No. My dad's a marriage of family counselor. my mom, homeschool.

Starting point is 01:23:05 That can make money. That can make money. I mean, marriage and family you can. Yeah. I mean, he's 77 now. So he's... One main financial.

Starting point is 01:23:13 What's this? 9,000. 210. Is that the... What is that? Is that the loan on the car? No, that's not the loan on the car. What is one main financial?

Starting point is 01:23:22 So that's when I was waiting for my bonus to come. So I used that out to clear things out. Jeez, dude. Dude, what are you doing? At this point, like, I've lost all just like, surprise. I'm just like, What the f f are you doing with your life?

Starting point is 01:23:36 Well, there's a start. No more surprise, right? Now you're just numb. I am numb. $9,210. Minimum monthly payment, $396. At least you've made your minimum monthly payments for a few months, but I mean, it's only been a few months.

Starting point is 01:23:56 Again, I don't miss payments, so. When was this? Your bonus was supposed to hit? The bonus hit in. I think it was in February. Why couldn't you survive without your bonus? Because I moved in my apartment in December, so I had like,

Starting point is 01:24:09 had nothing in there at all. How many bedrooms you have? One bedroom, one bath. This is expensive. Where are you? So it's in Mettier, just 10 minutes from New Orleans, and they just finished building it in December

Starting point is 01:24:19 when I moved in. So I was waiting like a year and a half. It's quite expensive for New Orleans, one bed, one back. Yeah, it's their testing luxury market in Mettier right now. And so it's... You think you deserve luxury? Yes.

Starting point is 01:24:33 I? Mm-hmm. hate you well at least we established that but pretty sure I was clear 30 minutes ago no that's one of my most natural reactions

Starting point is 01:24:43 but I am starting to dislike you as a person okay that's fair we all have our beliefs in our opinion because you have a disgusting mindset no I think I have one that's rare and that it'll make a lot of things happen that most people don't have okay here's upgrade

Starting point is 01:25:01 27,631 what the fuck is that So that was one of the loans I took out for the Uganda gold export. Yep. Again, it was the last minute thing. He was in Uganda. We had to get it out. So I took out two loans for that.

Starting point is 01:25:26 And how much is your business partner spent? My business partner? The one who owns a bigger share, right? So, I mean, he has more of like the sweat equity on the ground equity. Yeah. I mean, without him, that would have been possible. Yeah. How much does he put into it?

Starting point is 01:25:42 Probably, I mean, on his side, probably 30,000. Okay. For what equity percentage? For his equity percentage? What's his equity percentage? It's like 35%. I mean, he's on the ground in Uganda doing a day-to-day. Oh, buddy, I will prepare the news for you

Starting point is 01:26:01 and get it ready for a couple months from now. Okay. It's going to be lubed up, ready to go. Let's do it. Oh, my guy. big guy. I wouldn't be laughing. Your life is over. No. $869. I mean, I don't know.

Starting point is 01:26:23 These minimum fee payments at this point, do they even, do they even fit in the budget? Okay, we have another upstart fit-wise. This looks like maybe this was the down payment for the car. Yeah, that was the one I miscalculated. Yep. Ladies and gentlemen. Wow. And we found you a day before filming this because we had a cancellation. Yes.

Starting point is 01:26:43 This is. Yes, I see that one of those This is a Bose moment You've been there before Somebody's apartment Small talk that's going nowhere Plastic up that's almost empty It's not great

Starting point is 01:26:56 Then someone hits play On a Bose speaker Heads nod, feet tap One person dances than everyone does Awkward becomes electric When Bose sound fills the room You don't just hear the music You feel it

Starting point is 01:27:09 Your life deserves music Your music deserves Bose Find your perfect product at Bose.com. What I applied last week Thursday. So it was a quick turnaround. It really was. I was there. I'm willing to like last second show up and figure something out here.

Starting point is 01:27:26 We get literally hundreds of applicants a day. Yeah. We don't really get people that cancel as much anymore. Yeah. I mean, it's just priority to show up. It was like last second I moved everything else off the way. Because despite the craziness you see here now, I do want to set this ship however that's possible. Yeah, but we just disagree on that.

Starting point is 01:27:42 And I think your ship is going to sink. I mean, we disagree on what? I've done from the past, but going forward. No, we disagree on that too. Well, yeah, the past. Going forward. Shut it for a second. Shut the fuck up.

Starting point is 01:27:54 You owe on this $3,877. $145 is your minimum monthly payment. Listen. Okay, 1,681. Before I even look forward, I'm so interested. Plus $1,597. Plus $367.67. plus $160, plus $49, plus $239, plus $500, plus $500, plus, yeah, your 401k loan of $160 and $22,

Starting point is 01:28:31 plus $0.50 and $75, plus $40, plus $396, plus $866, plus $149,000, plus $145. Yeah, your minimum monthly payments right now only give you wiggle room of $1,250. So far, and we're not even done. Yeah. That's your wiggle room for survival. So getting the boat. Steady. No, it's like, it's literal bankruptcy.

Starting point is 01:28:58 But you won't have changed your behaviors or fixed anything in your own life. So you're going to end up right back here again. And I've had that conversation multiple times. So there is no steady in the ship. No, the behavior has changed. Not without you completely changing. You can look at the trend of how I invested business the past years. And it's this year.

Starting point is 01:29:14 investing business. I saw your spending last month where you weren't investing in the business. He spent $12,500 where you brought in $8,000. So I don't want to hear it. SoFi, here's another one. What is this? Private student loans or what? Is it a personal loan? What's the balance of that one? The balance of this one is $12,137.

Starting point is 01:29:35 The minimum fee payment is $713. Yeah, that was when I was in between jobs. And so I low, you know, capital at the time. So I had to put down on cards and I reconciledated cards onto that one. It didn't work! I mean, how did it work? How did it work? I mean, then I got involved in the business.

Starting point is 01:29:50 How did it work? Did it work out? Did you rebuild the debt? Yeah, on business. This was when I first started business. Exactly. There you go. This is worthless. This is a waste of my time.

Starting point is 01:30:03 You're a broken financial individual. You will never steady this ship. Your minimum monthly payments equal your net income. Your girlfriend has no idea what she's in for. This is disgusting. What you are doing in life? in this mindsets you have. And honestly, again, the most damaging thing here is that you are able to sit there calm and

Starting point is 01:30:24 collective and speak on this like you know what you're talking about. Even though you don't, and you think it's because of connections, I know people like you, the serial entrepreneurial. I employed one at one point as well. It was the person that was obsessed with endless connections. And he never actually succeeded anything. He just worked to work on something. He never actually achieved anything.

Starting point is 01:30:45 You never are either. I will see. No, you won't. This is how you do it. I know people like you. You spend all the money on the entrepreneurial courses. You spent all the money on the self-help books, and you never do a fucking thing. And you sit there, you're able to use the correct words to sound like you know what you're talking about.

Starting point is 01:31:03 But you're not able to give any statistics and any success rates. You can't even speak about the country hardly in terms of the poverty rate or authoritarian regime or they're trying to get oil off the ground. And they can't even do that when that would be the lifeline. of their country. You can't talk about anything. And all you obsess over is connections, connections, connections. Oh, I need an investor for this. This is going to work out.

Starting point is 01:31:24 Guys, I'm going to change it. Hey, I'm only just doing that now. I'm not going to do that in the future, beating that down. No, this is, and I need you to hear this in like this rant that I'm doing, because you are headed down a dangerous path that you don't even see. You are in a privileged position beyond privileged position, beyond privileged position to live an incredible life. Incredible life. Incredible.

Starting point is 01:31:50 Beyond much higher than the median, the average, whatever American you want, you are in the top 20%. You are in that incredible position and you are throwing it away. You are damage your girlfriend. You're going to damage any future children you might have. You are damaging your friends. You are damaging your family. You are damaging yourself. This is a disaster.

Starting point is 01:32:12 This is a joke. You should be embarrassed. I'm embarrassed. And I'm disgusted. This is not behavior that you should be doing. You are overly confident. Your hubris is going to be the downfall of your entire life. And you are never going to have a cent to your name and only going to be in debt by the time you're 80.

Starting point is 01:32:31 And you're going to be dying on the Walmart floor just to make ends of me. Dude. It's so f***hammer financial score. Go into the minds yourself, you dumb. Guys, join us in the post show. Sign up for Hammer Elite. It's free this month. I'm going to call his girlfriend.

Starting point is 01:32:46 and I'm going to let her know what the fuck is going on because she needs to hear it. She needs to fucking hear it. What a joke. Join in. Sign up for Hammer Elite. Submit that proof of purchase at hammerleet.com and I'll send you a digital gift card

Starting point is 01:33:00 that covers that cost only for this month. I'll see you there. I need to talk to her now. Go for it. You have no idea how bad his finances are and these bull-staffestments that he's doing and I need to expose him for everything. Glusive.

Starting point is 01:33:16 members content, click the link in the description or pin comment below and watch thousands of hours of extra and uncensored content. You can't reason with the sun. Trust us. We've tried. This summer, it's time to put that angry ball of fire on mute. Columbia's Omnyshade Technologies engineered to protect you from the sun's harsh rays that can burn and damage your skin.

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Financial Audit - Okay, I Think I’m Done… | Financial Audit

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