Financial Audit - Togi Is Worth -$10,000,000 | 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 thought you lived in Miami. That's what I was told. No, we lost that house. Foreclosure. Gambling. It's not about the numbers.

Starting point is 00:01:16 It's about the vibes. I'm trying to explain to you how important the vibes are. I want to make sure you can take care of yourself for the rest of your life. I can take care of myself because I'm toogie. You've been wired your whole life to I have to save excessively. Did you grow up with foreclosure notices on your house? I don't even know what that is. Okay.

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Starting point is 00:02:09 Shane Stouffer. I'm 23 years old and I live in Austin, Texas. And we're on the financial audit. I go into every episode blind with guests, but you're actually known. But I'm going to be honest. This is still blind for me. I literally have never seen a single Togi video. I don't know what the fuck we're talking about.

Starting point is 00:02:30 I haven't looked at your documents. I don't know what the fuck is going on. but I heard you kind of... It's... No, no, no. It's, um... I would say, like, you... What, do you go to college?

Starting point is 00:02:41 I dropped that out. But I did go to college. How old are you now? 30. 31. So that was like 10 years ago. Uh-huh. It's, you had like the frat bros, whatever, you go out to the party and they're just like... It's very normal.

Starting point is 00:02:53 Like, my life is exactly like every dude's in a frat, but, you know, now I do, like, YouTube and make a little more money. But it's pretty standard. Like, you can imagine kind of what everything is like. So, you know, like, so. is YouTube all you do right now? No, well, yes. It depends on like YouTube, streaming, Snapchat. You stream too?

Starting point is 00:03:12 Snapchat's good money. We learned that. It kind of fell off. It's not great anymore. Did we still get pretty chunky checks from Snapchat? Okay, what do you make? Do you know how much you make? No idea how much I make.

Starting point is 00:03:25 Okay, this is funny. The first time I ever looked at how much I make was when you guys asked, how much does he make? And I say, you think. Really? It was over the last year we did, what was it, $1.9 million a quarter for the last five quarters. Me, okay, that's obviously really good. Who's we?

Starting point is 00:03:42 Oh, me. Oh, okay. Well, how many people do you have working for you? So we have 30 clippers. Me, 30 clippers. That get paid very well. Some of them, like, $20,000 a month on good months. But like intimate employees, I got the manager.

Starting point is 00:04:01 The manager's assistant. The manager's partner's assistant. Maybe seven. Managed partners assistant. Okay. Eight. I don't know. Eight people working close.

Starting point is 00:04:11 How much of these people cost on a monthly basis? Well, that's the manager's thing. I don't know. That's the manager's thing. I would guess he maybe texts me. Who's the little twink that you sent to get? Zim. He's going to be nice to Edward, bro.

Starting point is 00:04:25 He's the man. Okay. Is that your manager? No, he's the assistant's assistant. So, but he just started. Check it out. He just started. He was working for his mom, whatever, like, cleaning floors now.

Starting point is 00:04:36 Now he's got, like, a Rolex, and he, like, does. Yeah, I gave it to him. Why is an assistant's getting a Rolex? Why would he not? He's awesome. He's a nice kid. Is it in the budget? I mean, he might be a nice kid.

Starting point is 00:04:47 But here's the thing. I value, like, my relationships and connections. And, like, if you are loyal and a nice person, I don't really care about the budget. Like, I'll go over budget. Just to, like, you know, go to it. But the Rolex is in budget. Yes. But it's not a horrible.

Starting point is 00:05:01 thing. But either way, the Rolex is very cheap. Like, it was like $10,000. Huh? I forget what we're talking about before that. But I think the employees, I would guess, maybe $250,000 a month for all of them. Oh, for a fuck sake. Okay, $250,000 a month and you make $1.9 a quarter.

Starting point is 00:05:18 So you're immediately you're almost at like 50% margin, but that's just before any video production cost. That's his teammates. Is that including Clippers? Yeah, that's including. I would say $120,000. is to Clippers.

Starting point is 00:05:33 120,000 to Clippers. Well, what does that return you? Do you know? No, dude, okay. This is a, what do you? Do you just pay for the clip and you don't know where it goes? Yeah, yeah, but how much does anything?

Starting point is 00:05:43 How much does that camera return you? Who, F*** knows? How much is that light return you? Millions. Okay, how did you quantify that that makes you millions of dollars that you got a better angle of what that's what is film right here? It's like, dude, you can't quantify. It's kind of like, my whole life, it's kind of been like,

Starting point is 00:05:58 if the vibes seem right, go for it. And then it's like, dude, what the f-you need such a big office for it? Because the vibes, bro, you like the vibes. Not the vibes. No, no, no, no. You can't tell me- As the viewers seen your office. Yeah. I'm certainly large.

Starting point is 00:06:10 You don't need it other than your vibes. No, it's, I've been here two times. It's empty. Oh shit. It's empty under renovations. Okay. Which means the editors get to stay home. You can't lie to me and say like, there's not a part of her.

Starting point is 00:06:24 You get to walk in. You're like, that's my shit. And it makes you perform better because it's like, but you can't quantify how much our returns. It's just like, I'm the man. This is my shit, this is my office. That's worth the money. But recruiting.

Starting point is 00:06:35 We did it for recruiting as well. What do you mean? We got a good office. So good people come here. They see the job interviews. When they job interview here, they like the space. They want to be here. It's culture.

Starting point is 00:06:46 I would work here. This is a beautiful office. If I ever... We got 30 people in here. It's not empty. If I ever go broke... Did you give me a job? I don't know yet.

Starting point is 00:06:58 Again, again... At the end, you can tell me. Yeah, I'll tell you at the end. Again, the only thing I know about you is you're kind of . What? This is like a crazy stray off the bat. Kind of . No, this is what I've heard.

Starting point is 00:07:10 I don't know. Yeah, yeah, yeah. Okay, continue. I don't know. And you give your assistant assistant Rolexes. Here he is. He's the Zen collector. He's the man, Edward.

Starting point is 00:07:21 So if he didn't get those Zins from the car at a certain amount of time when he loses Rolex. No, he loses his job. But- What do you make? $1,000 a month. That's not true. Is that true?

Starting point is 00:07:33 We just gave them a pay cut. What do you make? $1,000 a month. No, you don't. You can't pay your bills on $1,000 a month. Oh, I pay. All my employees live for free, eat for free. Is he a contractor?

Starting point is 00:07:45 I don't know what that means. Is he W-2? Is he a full-time employee? Yeah, full-time. You probably have to pay them $42,000 a year minimum or else you're going to be in breach of some kind of federal regulation. All right, Edward, you've got to go with him, bro, because I'm not paying you know,

Starting point is 00:07:59 No, the point is... Well, I was trying to get you a raise, not fired. I'm sorry. I don't know. That's a good point. So maybe he's under minimum wage. But so what happened was... Under minimum wage, okay.

Starting point is 00:08:08 Well, he was getting paid $3,500. And then we did employee evaluations and it got cut. But that's not like... Who evaluated? Me. But you don't know what's happening. You told me the manager does everything. Yeah, yeah.

Starting point is 00:08:21 The manager is like sits in on the thing and I oversee... Like, we talked about it before and I oversee all the stuff that's going on. But this one is... an easy, not all employees need an evaluation. You only get an evaluation if you're getting a raise, fired, or a pay cut. So how do you evaluate him for a cut? Why do you deserve a cut?

Starting point is 00:08:39 Because the grand scheme of it was the work was half-assed, not enough urgency. Well, he's an assistant's assistant. What is he supposed to be assisting? Look at, bro, but everything, would you want, like, you work at the highest level ever. Like, I saw your YouTube jacket. You're all the way up here.

Starting point is 00:08:55 If your coffee, sure, it's not as important, but that needs to be on your level because everything you do is extreme. So that's the same with all my operations is it has to be the best. No, I did just spend 20,000 hours on a coffee thing that gets here tomorrow. That is true. That is true. Oh, word. Okay. No, I mean, fair. No, no, no. I mean, I would evaluate too, and I would probably fire him if he was being bad, but I wouldn't pay someone an illegal wage. There's, I didn't know it's illegal. I'm learning this out. Probably. I mean, I don't know how it's structure. By the end of the year, I'll make sure he makes $42,000. And the point is, you have to. If he performs.

Starting point is 00:09:27 Yeah, yeah, but I appreciate. Um, um, like good company and loyalty and somebody that's passionate about it. So he has all those things, just bad at the actual task. How do you quantify the loyalty? Just the vibes. Dude, I feel like you spend too much time quantifying everything. Sometimes the vibes is all you got, bro. Well, the dude's library we're talking about.

Starting point is 00:09:46 Hopefully his future. Yeah, yeah, but my own future is based off of like the vibes of like the overall situation. So you guys all live together in Austin? Yeah, it's awesome. I thought you lived in Miami. That's what I was told. No, we lost that house. Foreclosure.

Starting point is 00:10:01 gambling how do you gamble a house not actually gamble a house like I literally gambled it away like legally you did not everyone that's what I said everyone's like oh like I gambled away the house I'm one of the first people

Starting point is 00:10:15 if not the first person to quite literally gamble my house away and we did a this is not a joke at all this happened about a month ago there's proof there's everything I did a coin flip with Steve will do it

Starting point is 00:10:28 and he put up two million dollars and I put up the house house. So if I won, I would have gotten free $2 million. Wait, wait. First of all, how would you even pay that? Because I did at least, there's not $2 million here. Like, oh, I bought the house like a long, long time ago. Okay. What was the house worth? Well, I have, um, 600 or 700 down. And then it's a $1.9 million appraisal. And then the rest is, uh, when do you speak normal? And then when it comes to the word hundred, you like gain autism or gain down syndrome. Like, how does that happen? It's only the word

Starting point is 00:11:01 100. Wait, wait, how do I say 100? 100? 100. Yeah, but every other word you say right. No, but here's the thing. It's like, who the fuck is Shakespeare? And why does he get to say whatever the fuck he wants? And now everyone understood. You understood me. So it's like, I could say ball sack, but if you got the idea that he's saying 100, we're probably on the same page, it doesn't matter.

Starting point is 00:11:23 No, no, no, no, I got you. I'm just wondering why it's the only word you don't say right. No, no, no. But the more we talk, you'll probably, because people make fun of me for a lot of things. how I talk, which is interesting. I, my vocabulary is below average. So I think that's why sometimes, like, there's a phrase that's very common like, Dirk or Schmirk. Like, that will be like brought up in vocabulary.

Starting point is 00:11:43 And there's, like, a meaning. What is it Dirk or Smirk? What are we talking about? No, you just got clipped. It's awesome. Okay, but the point is you'll always understand what I'm saying. No, I don't know what Dirk or Smyr means. Okay, moving on, moving on.

Starting point is 00:11:57 I don't know if I said a slur or what. I came here to learn about my finances, not be, what's the word? I'm ridiculed about my language. Well, I'm trying to get to know you. I'm trying to, because you couldn't tell me how much you... Well, I mean, you kind of told me how much you make. You were told it was 1.9 a quarter last year.

Starting point is 00:12:11 Are we on the upswing? No, no. In the last five quarters, on average, 1.9 a quarter, we are on the upswing a lot. I have an idea of how much I get paid, but a lot of it... So one of my deals is I get money to gamble, and that's their cryptocurrency. Oh. So they give me crypto to gamble, and sometimes I lose that. sometimes I win that.

Starting point is 00:12:32 And a lot of the times, like this chain, I bought a steak? I don't know that one. Okay, okay. Yeah, and so like this chain I bought in crypto. So it's like that never even win. How much is that? And then these two are like 100 something. So maybe like 170.

Starting point is 00:12:49 The chain was 100 something? There's a wedding ring on each rock, bro. Why? Because then it's like I got a wedding ring on each. Okay, listen, we're obviously bleeping this. But what's the address of the house you lost? so I can look it up. Let me check.

Starting point is 00:13:03 You don't know where you lived? I never went there. We bought the house. I stayed there for like five days. Where did you live? Where were we at that time? We were in L.A. Are you in Austin?

Starting point is 00:13:16 Why? Uh-huh. Oh, here's the address. Yeah, why are you in Austin? It was the cheapest thing. Like, for the... I wanted a big house that I could work in, like, have a big office and a lot of space.

Starting point is 00:13:32 I couldn't afford Miami. I couldn't afford LA. So we were just like, we go Austin. If you lost the house, if you lost the house, how did you get a place here? Well, so I had two houses. I owned two houses,

Starting point is 00:13:45 this one and the current one. What was your purchase place? Price for that. For the one of you lost. I remember it got appraised for 100,000 less. But what was the total? I believe 1.95.

Starting point is 00:13:57 So maybe it got appraised 1.85. And then we coin flipped at 1.9. Okay. So, like, I don't know, if you get caught up in a drama or if you just like stop being creative somehow and you don't have anything, you just lost $2 million.

Starting point is 00:14:11 How are you surviving the... Hey, honey, it's mom. Did you know if we switch to Verizon we can get four phones for $0,000 plus four lines for $25 a line? Call me back. Me again. That's just $100 a month for four lines on Unlimited Welcome. Plus four phones, no trade in needed.

Starting point is 00:14:27 Call me. It's Mom. America's Best Network, Verizon. That's the one we're talking. about. I'll send you text. America's best network based on Root Metrics, best overall mobile network performance, U.S. second half 2025, four new lines, and a limit and welcome

Starting point is 00:14:40 and auto pay. See Verizon.com for details. The rest of your life, you just lost $2 million. Well, bro, what do you mean if I stopped being creative somehow? You don't know what happens. Maybe the audience moves on. What's your demographics? Well, I don't even know what... My high school brother knows you, so they're probably kids.

Starting point is 00:14:58 Oh, yeah, yeah, whatever. Like, I would imagine young men. But either way, the point being is that I don't. I've invested so much into me as a person. I can always, I will always be able to do. What have you invested into you as a person? Look at me, brother. It's like a bigger muscles, you know, receding hairline, things of that nature. But I'm always able.

Starting point is 00:15:18 Is that true? I'm very confident. Yeah, it's horrible. Dude, finesse ride. What's going on? I'm scared of it. I don't know my hormones. But either way, so this is the point.

Starting point is 00:15:25 I'm so confident that even if I were to not be doing social media, I would cook up another scheme and make money another way. There's no point in my life. Scheme. Scheme. Scheme. You never heard of Scheme? Yeah. Don't act like, it's going to be scammie, though? You know what's funny? Scummy scummy? Before I, it's easy to like talk down on people, right? Like, oh, that guy's just a scam or whatever.

Starting point is 00:15:46 Before I got famous, I wanted to be rich so bad that I was in the college and a frat. And one of the schemes was a literal scam. We were trying to, this was before, pump fun. I was like actually going in and coding my own meme coins, trying to rug pull people. and it cost about $1,000 in making it and liquidity and everything. Either way, I had like $20,000 for my name at the time. I was so bad. I couldn't get anybody to buy my scam.

Starting point is 00:16:12 So I ended up losing like $20,000 trying to scam people. So I'm not even good at it. Why are you trying to scam people, though? At the time when I was 18, I needed to be successful so bad that, like, ethics. Now, of course, we've learned that there's like I've grown as a person. But back then, I can admit, bro. Have you? When you're 18, you're effectively.

Starting point is 00:16:31 You know, so now it's like I would never scam somebody because I know I can do it the right way. Okay, what about the gambling? You gamble on camera. You think that's moral? It's hard to say. I mean, morals are subjective. Okay, put it this way. What's the downside to gambling in your mind?

Starting point is 00:16:46 Lose your money? But lose your money? No, but you're paying for an experience. Go get a massage or something, dude. What if I want to gamble, bro? It's like the gambling has given me the most wonderful experiences and I've met my best friends, the best memories in my whole life, are through gambling not because...

Starting point is 00:17:06 One of your best friends just took a $2 million house from you? Yeah, and you know it was nice. He gave me a $700,000 car. Oh, what a king. Bro, that's such a nice gesture that he won $2 million. He didn't have to give me shit. He risked his own $2 million for that. He won a bet fair and square, and he said,

Starting point is 00:17:20 you know what, I feel bad. Here's a $700,000 Lamborghini. I didn't need the Lamborghini at the time, but it's still a nice gesture. But the point being is that the best experience, It's like an expensive membership to a country club. And also, in some cases, the country club pays you. You land in Vegas.

Starting point is 00:17:39 Vegas will get you a private jet, the nicest room. You get a massage at the table, a bunch of whatever you want, anything and everything. So it's an incredible experience. You all that without gambling. You have the money to do it. It sounds like. I don't know how to explain this.

Starting point is 00:17:54 But the viewers will understand it's fun. Like, it's an activity that is just fun. I'm not saying gambling's not fun, but just, What's immoral about it? There are issues. So do you think like drinking alcohol on camera would be immoral? Potentially. Yeah, so this is exact same with gambling.

Starting point is 00:18:10 Potentially. If it was endlessly binge drinking on camera and trying to get your audience to endlessly drink, especially if you have a young audience like you do with crypto. Is there anything when you see Togi blacked out gamble for 18 hours and at the end of it? Because I've done everything, right? I've done the good and the bad of every drug, everything, you know, the... done a lot of why what the fuck why because you i don't know i just wanted to try it it's not you did a lot yeah okay that's a good point but either right now it's like to it to understand

Starting point is 00:18:44 an experience you got to like go all the way into it have you do no he he he's uh strays and arrow but either way you should give you your employees you don't you could you could save cost bro you fire 20 of them 10 of them man have adderall Yeah, it's the same thing, right? Listen, if you're so moral now, why'd you just start a supplement company and immediately gamble $250,000 of it without telling your business partners,

Starting point is 00:19:11 then you lost it? Is that moral? That's their money and that's their business. But you got to understand. If you're analyzing, what's the word, analyzing everything through your lens, each relationship is unique, right? So me and my friend, it's like,

Starting point is 00:19:28 what's mine is his, and what's his is mine. It doesn't really matter. It was for... He consented to that. No, but the point is that he could do something like that. If he did it, I'd be like, you know what? He was trying to do something for us, and he believed in it.

Starting point is 00:19:41 What did you gamble on? We had the Patriots to win, the Super Bowl, and we lost. Bro, but that's not the point. The point is, if he took one of my cars, sold it because he had a crazy lock, I would be like, that's okay because he was trying to do something better for us, and that's what friendship is about. There's no amount... Selling your own car?

Starting point is 00:19:58 money that would ever cut my friendship. I could go dead broke, but at least I have my friends. And this is the problem with all the motherfuckers that are like gigar rich. People say, oh, you should be an average of,

Starting point is 00:20:11 or you're an average of the five people you hang out with, get rid of your loser friends. I think that's bullshit. I think like loyalty, memory, real love is way more valuable than money. So if I, with one of my best friends

Starting point is 00:20:21 somehow lost all of my money, all my friends got all access to my money. Because I trust them and we're all like, Like this. And that is more special to me than being in a penthouse in Miami or whatever it might be. You don't need to be living like a crazy, boozy life. I just want to make sure you're taking care of. Listen, you're right. There is no more important things than love, friendship, all that stuff. But real friendship, real love, isn't using the other people's assets to try to benefit themselves. You know, to benefit us.

Starting point is 00:20:49 Us, the us, is that I just feel like that's what you're telling yourself. Well, he would have gotten half the money if we want. And either way, the point is that, right? But he's using your assets to do it. But you can't tell me that, say, listen, say I'm wrong 20% of the time, or whatever percentage was be, or my beat, every decision in my life leading up to now has made me very successful. Hold on.

Starting point is 00:21:14 How do you quantitate success? Because your net worth, as far as I see on paper, isn't anything substantial. I'll be completely honest. I get to do whatever I want. I'm on few time. I get to do whatever I want, whenever I want for now, but it is. now. And tell your audience ages out. And I've always been on my own time, do whatever I want. Me and my friends do whatever we want. We're going to Cabo next week. We rented out 20 rooms

Starting point is 00:21:39 for just for fun because we do whatever we want. And that is my idea of success is that no one tells me what to do at any point because I'm just, we're all, bro, we're all just floating on this rock, bro. No one tells me what to do either. No one tells me what to do either, but I'm at least set up for success. If I get married, if I have kids, I'm taking care of them. I'm making sure the people around me, my employees, are taking care of if I have a down, month, down year. I know we can sustain ourselves. Yeah, okay. So your employees are f***ing if you lose at all.

Starting point is 00:22:09 My employees are happier than your employees because I just bought him a Rolex because I was in a good mood or whatever. He makes $1,000 a month. Because I changed his life just being, listen, listen. You got to understand this. How much you, you care about your employees just a dollar amount. You say, here's what you get is dollars. I care about my employees.

Starting point is 00:22:27 Do you get health insurance? people, bro. You get him health insurance? So now that's more dollars you're giving them. No, I sit down with them. I see what down with them. No, no, if he went to the hospital, I'd sell my car to make sure that his, if his mom went to hospital, I'd sell my house, but that's the bet.

Starting point is 00:22:42 You have to bet on 20. They're betting on you, but the problem with betting on you is they will never have the love the agi of them because you're sitting there, oh sorry, it doesn't work with the accounting team. I'm like a person running off emotions. If his mother was in the hospital, I'd sell my house a heartbeat, even though he'll only You can't you lost it, dumb house? I have another house right there, dude. I tell you lose it.

Starting point is 00:23:03 And I've got, okay, listen. You got to understand. Twink? You got to understand. The way I've set it up is that, sure, I spend crazy. If it ever hit the fan, I bring in a million a month, easy. Poor now. I've been bringing in a million a month.

Starting point is 00:23:20 First of all, 1.9 and quarters is not a million a month. Okay, now we're at a million a month, right? You can look at the, oh, I guess I didn't send you the statement. But you didn't send me shit. I mean, I got you. Well, because I can't, I can't, um, I can't leak contracts. Let me see your YouTube studio. We're not going to show it on screen, but I need to see it.

Starting point is 00:23:37 I want to see your demographics. I want to see what earnings are going there. There's no monetization. You can show it on camera. Why is why are you not monetized? Because it's not very much money, $20,000 a month. Well, $20,000 a month gets him $10,000 hours a month and an other employee, $10,000 a month. And health care is caring about your employees.

Starting point is 00:23:57 No, it's putting a dollar, foul. you on how much their health is worth. Kay, say he gets cancer. His health is worth my entire net worth. No, your net worth isn't that much. And if you got cancer, if it's not much. And if you got cancer, what it would cover it. If I needed to, I could work harder, spend less,

Starting point is 00:24:10 and make a 1.5 a month, two a month, and then pay it off whatever. Just because I spend 300 racks on private jets, doesn't mean I can't stop because something else comes up. That's the thing. I don't know if you could. You might gamble it. You might lose it.

Starting point is 00:24:24 I don't think you could say I could spend less. You don't know, but I know because I know above any addiction that I have, I care about people above all else. Right. So says every addict. Says every addict, but I can stand on that business because I have spent millions of dollars. I've sacrificed millions and millions, tens of millions of dollars. For example, the Yvore thing.

Starting point is 00:24:45 My best friend owns half of it. No, no, listen, listen. My best friend owns half of it, right? Half of what? The business. Yvore, right? Is that your business? Yeah, yeah, 50-50.

Starting point is 00:24:55 Evor is your business. Yeah, I own 150% of it. On the other 50%. I have offers. You want 100% or 50%? No, no, no. You get what I'm saying. See, we're back to the semantics.

Starting point is 00:25:03 You keep going back to the semantics trying to distract me from my point. The point is that he is, I gave him a big opportunity and gave up on big investors. I had other people that could build me better infrastructure, but I wanted to build a business with my friends. You know what I mean?

Starting point is 00:25:20 So that's why I sacrificed building my business, exponentially scaling it to give it to him. Expendually scaling it. Okay, fine. what's it worth, what's it valued at. If you were to sell it today. Can you answer that? Listen, you don't have what people would say

Starting point is 00:25:35 is necessarily a sustainable audience. New viewers is 24%. Your demographics are young, they move on easier. You want that established like that. That 25 to 44 crowd, they stick around. You have a decent chunk of the 25 to 34, but your second biggest chunk by far is 18 to 24. It's not about YouTube.

Starting point is 00:25:51 It's about me. Everything I do, I'm going to win at. So it doesn't matter if it's YouTube I could go over and become Mr. Olympia, I could be the best bodybuilder in the world. I could go to the moon if I wanted to, and then I'm going to get rich. Objectively, no.

Starting point is 00:26:05 How are you going to the moon? Factually, I could. And you can't. How? Define that. It's not important. How? Because I could.

Starting point is 00:26:12 Yes, it is. And that's what you don't understand. If you say you can. I live on Mars. I can do anything and I will do everything. And you'll never understand that. And I couldn't explain to you that. I could be in the NBA if I wanted to in five years.

Starting point is 00:26:24 And that's just how I operate with everything. And it's like, dude, All right, you suck with money, so you download a budgeting app. You start with the classic one, Wynab, but everyone just deletes it because it's way too complicated to use. So you go to every dollar, that's Dave Ramsey, the personal finance guy, right? Well, they're gonna force you to use it his way.

Starting point is 00:26:43 That's not very personal finances. Rocket money, they got a lot of commercials, but they're owned by Rocket Mortgage. Guess what they wanna sell you in the end. And there's the new guy on the block, Monarch. Hundreds of millions of dollars of private equity raising so far, But private equity doesn't have the best track record

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Starting point is 00:27:17 That's kinda fucking stupid, I'll be honest, but what's not is actually getting a checking account that gives you free money. Free money, we like free money, you can get it. up to $350 in bonus cash right now. When you sign up for the checking account that I use, CHIME. Also, it makes your savings grow at a 3.5 APY interest rate.

Starting point is 00:27:38 Guys, you can watch financial audit and get free money at the same time. Who would have thought? That's incredible. Check it out. Link in the description below. Sign up for CHIME. Get that $350 right now in your checking account. Dude, because you struck success once does not mean you're going to be an Olympian.

Starting point is 00:27:53 No, no, no. This is not how this works, man. Okay, listen, listen. It's not about how, okay, if we want to talk about striking success multiple times, I was a millionaire when I was 19, then I went broke, and then I made like a few hundred thousand dollars on my pursuit. It was like, maybe half a million dollars on my pursuit to like YouTube, failed again. So it's like how do you quantify success if it's just money three different times?

Starting point is 00:28:19 I don't even think you're a millionaire now. The savings I have here is $391,000 total. Oh, yeah, dude, but we increased the $100,000 a debt. Hey, Pepe holdings? Uh-huh. $300,000 in Pepe. Well, that's great. I don't know.

Starting point is 00:28:30 100,000 dollars a debt. How do you quantify what a millionaire is? You have a million dollars network? Assets versus liability. Your liability. As far as I see here, there's $100,000, but you say there's another house. Do you have loans on that? Yeah, yeah.

Starting point is 00:28:42 Did we not tell you the other house? No. $800,000 in equity. Who's we? Who holds your statements? Gerd. Okay, that's the guy. The guy that runs shit.

Starting point is 00:28:52 Yeah. Gerd. Yeah. But either way, the point is, Okay, am I a millionaire? Maybe. Probably. Maybe with the house. I don't know what the...

Starting point is 00:29:02 Well, I mean, I have like what. My car collection is like two and a half million. Any leverage on those? I mean, I have a $100,000 car loan, I think, right? 56,000 on the NASDAO. Yeah. Hurricane. Okay.

Starting point is 00:29:13 You showed up with like, what was it, Rolls Rice the other day when you filmed Ice Coffee Hour? You own that? I own every car. Right out? Except for the Hercon. What's right out cash? No, no loan. No.

Starting point is 00:29:25 No loan on it. Okay, well, they are, cars in general are depreciating assets. In that league, it's a little difference. We're just talking, you were just like, oh, is he a millionaire? Oh, I don't know. He has a $700,000 of oil toe, a 500,000, now, 300,000 rolls. That's a million dollars right there. That's pretty close, but your liabilities. We have to take into count that. I don't know what your liabilities are because you couldn't send everything. I don't know what they are. It's just a house loan. And then I own my home with 30 racks. Well, you own two homes. Still, no, no, no, just this home, 800,000 equity. And then something 30 racks? What is 30 racks? I just owe a friend that. It was like a gambling.

Starting point is 00:29:57 You owe a friend. Okay. For like degenerates, what is a, what is a rack? Oh, thousand. Okay. Why are you on 30? Oh, I don't know. Are you not afraid of retirement?

Starting point is 00:30:13 Because that's what I'm afraid of. I'm going to this conversation thinking about how do we get you to the point of any kind of stability? If anything were to happen, you'd be fine. That's my big conversation I'm trying to have here. Okay, okay. Well, the thing is I don't want to retire. At any point? Because what do you do?

Starting point is 00:30:28 No, no, no, no. It's a sense of security if something goes to shit. It gives you a chance to build back up. If anything like, okay, in your head, like, what is like going to shit mean? Lose all your income. Income zero.

Starting point is 00:30:42 How would that happen? It happens to people all the time. Businesses go under every single day. Billionaires go to zero. This happens. And you're not special in that regard. Are you kidding me? In that regard compared to people

Starting point is 00:30:54 who have built billion dollar businesses? No. Those, and you're telling me they just lost a billion dollar business, income zero, and then they die? Yes, you never know. That does not happen. And A, B, it would never happen to me. You cannot speak that into existence because that would never happen to me. I hope it doesn't happen to you.

Starting point is 00:31:09 You saying that out of your mouth is like you putting this into the world, an idea that would never happen. That's like me sitting here saying, it's happened to people. It's happened to people, but it would never, in a million years, happen to me. Because, dude, you have to understand who you're talking to, the man that can go to the moon. I live on Mars. Nothing. I could lose it all. and make it back.

Starting point is 00:31:27 And dude, it's also like, bro, I have such, this is the difference, right, between, like, you and I. I care so much for people that I'll go broke for a person. You can't say I don't. But no, but you put a monetary value. So they can live their lives independently. And you're gone, whatever. No.

Starting point is 00:31:45 Hey, Toggi, guess what? Your mom's cancer doesn't fit our statements. No. Anyway, the point is, listen, if you do have assets, let's say, $2 million, if someone gets an aggressive form of cancer and they need extensive treatment, that costs might cost millions, something you can't cover by liquidating everything. Number two. I make a million dollars months.

Starting point is 00:32:01 I'll cover it in three months. No problem. You have to understand this. You don't understand. You don't understand that karma is a very real thing. I think because I am so charitable that I'll always have the universe working for me. It's not about the numbers. It's about the vibes.

Starting point is 00:32:20 I'm trying to explain to you how important the vibes are of this life. And it's like you got everything got to be on a spreadsheet for you. No, it's, and number two. The vibes are very important. If he leaves for whatever reason, either forcefully or he leaves on his own, you don't take care of him anymore. But if he was making enough, he could set aside money. Employee aside, he's my friend for life now.

Starting point is 00:32:45 Not everyone's friends forever. It happens. No. You've never lost a friend in your life? I ever lost a friend? Not once. I have about five. friendship fizzle out ever. Never. I have seven friends and I would die for every single one.

Starting point is 00:32:59 Oh, do you? Well, that's why. I mean, dude, you just don't have life yet. No, no, no, no, no. You can't say, you can't say something's going to happen to me because I've not lived enough. No, it's just happening. No, no, no, no, no. It just happens to other people, but it's going to happen to you just because you don't understand. You're talking to me like I don't understand my own friendship and you're trying to again, put this numerical value, this statistic on my friendship, on my love lives. That's never going to happen to me. You're not listening. I'm listening and you're telling me

Starting point is 00:33:27 because it happens to everybody else is going to happen to you. I'm not saying it's going to happen to you. I'm saying because it is so common, there is a decent chance. And if it does, they're... Because you didn't take care of them. No, no, but here's a thing.

Starting point is 00:33:39 To prepare themselves. Here's a thing. If a friendship somehow were to fizzle out, because of the many, many, many years of me getting to know that person, building a connection, love doesn't just evaporate. If I love somebody and we had a falling out,

Starting point is 00:33:54 and something happened, I would still send them a million dollars, and I can say that with 100% confidence. Okay, what if you died at 35 because you were stepped in the street, got hit by a truck? And they're 60, check this out, check this out. I give every one of my friends the best opportunity. Right now we're teaching Edward how to work hard. We're teaching, we're giving half of my business.

Starting point is 00:34:12 I'm proud of you, Edward. I work, every single person in my circle, I don't just give them, you know, money so that they can save up and make their little 100,000. I give them the opportunity to become something incredible in their mind. What behavior has Edward learned being around you who lost his house gambling? Dude, just me sitting here on this podcast talking to you is something that like he was

Starting point is 00:34:36 never exposed to before this world. It's like now he's in the room with you. What did you learn from this, Edward? He's going to learn something at the end of it because he's in a room with a goaded financiy, goaded YouTuber. Look at this. He's sitting in the room with one of the goats. You're telling me that's not valuable.

Starting point is 00:34:52 If you were sitting in a room with Jay-Z, you're going to say, you know, what did I learn really from that. Yeah, but you're like the only influencer to even come on the show. He would come here as a normal person. We film with three normal people regardless. Like, it doesn't strip it of the value. Yeah, but he could have come here regardless. Like I'm saying he's here with you now yesterday. He was hanging out with Steve will do it. One of the biggest YouTubers in the world. And the day before that, he's with the Trent Twins, two of the best power lifters in the world. He meets cool people. What is he learning? He's with year a production. He gets to be learning in these circles. And then we do like, whatever. A reflection of everything.

Starting point is 00:35:24 understanding what's going on. Is reflection led to a pay cut? Ambition comes in all shapes and sizes. 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. Yes, that's how it works, bro. If I kept blowing smoke up, it's asked, oh, good job, good job.

Starting point is 00:35:47 Then he's going to keep thinking he's doing incredible. But by saying, okay, this is the reality. I'm not going to fire you. Your pay has been cut to effectively zero. Now it's a wake-up call. We'll bring them in in the post show and we'll let him speak as truth. Yeah, yeah. Okay, listen, man.

Starting point is 00:36:03 So I am about to go into these finances because we do need to get in this. But I think I at least understand where you're coming from a little more now. Because, again, I really- That was the getting-to-no segment? Yes. All right, let's dive into the finances. I don't know your perspectives. I don't even how you view things, but now I kind of do.

Starting point is 00:36:17 I didn't really understand it in general. But how frequently are you gambling? How frequently? Like, how frequently are you gambling large sums of money from your million that comes in a month? which is not a million in profit, by the way. We do not know what your overhead is. You know your labor costs potentially. Yeah, but the overhead is fluctuating.

Starting point is 00:36:35 Yeah, per video. So the net income per month to the bank account is $700,000, right? As we've seen. I was just told it was a million. No, no. And then I make $300 plus through other schemes that might never, like the gambling and stuff. Oh, so that's if it happens? No, no, no. There's like deals in place that guarantee me that amount.

Starting point is 00:36:58 But that's like my... So that's my gambling budget. Okay. What did you... What did you pay for this underperforming video that you uploaded six hours ago? I thought it performed very well. Can I see? Yeah. And I'm just assuming not.

Starting point is 00:37:20 I mean, I'm not... It's performing. Well, you can look at it. Yeah, what's it? Four out of ten. Oh, okay. It seemed like it was. was on the lower. So what did that cost for 53 minutes, 18 cents, and non-monetized content?

Starting point is 00:37:32 900,000. Okay. Actually, a million. A million probably two. Okay. And you make a video a month. Yeah. And if a million's coming in, I mean, that's a million out plus more. But it was, so you have to understand this.

Starting point is 00:37:44 I feel like you are lacking in life, um, epic experiences and you have a lot of money. That video is going to make whatever, however many people laugh, but I get to cherish those memories forever. and that video, it's like having a cool car. So it's like you spent a million on a cool car. That's the same for the video. I got to spend whatever, and it's going to do a few million views.

Starting point is 00:38:07 Will it ROI? Probably not, but that's the pursuit. Listen, listen, the pursuit of better is shooting shots and it might not work. I took the risk. 900,000, I took the risk. Will it ROI? I will find out.

Starting point is 00:38:20 And if it doesn't, that's okay because now I know I tried. I never have to ask, what if I have to ask, what if I have, I tried to do a high production video. What if I tried to do something that was way out of my league but I'm trying to get there?

Starting point is 00:38:34 Maybe it doesn't know it, but I tried and now I know. So you're judging me on my failures aggressively, you should be, I applaud people for their failures. So that's why if I was working for you, I'd be freaking the fuck out because it's like, oh dude, he's gonna, I mess this one thing up. If somebody on my team

Starting point is 00:38:50 tries to do something, like that's a little outside of the box. Yeah. Great. If it doesn't work, that's great. outside of the box, that's where I live. He's f***-r-r-r-r-r-r-r-r-r-r-r-r-r-r-s. You're sitting here with this cookie-cutter-cutter, everything's got to ROI. That makes everything less exciting. I have payroll to hit, man.

Starting point is 00:39:06 People deserve to actually be paid adequate amount of money. So I have to make choices, and yes, be cookie-cutter so that people actually are able to pay for their rent because they don't live with me because we're not in some kind of cult. None of that is relatable to me at all. Like you're speaking to me, like, all my friends, we're buying. Also, the next thing we're saving up for is a property. We're not renting it out to anybody. It's just for friends to live in.

Starting point is 00:39:30 Until you lose it. So the living life experiences versus saving. The fact is because of what I've done and put actually money aside, I can live any life experience I want to now for the rest of my life. Yeah, but it's not. Listen, it's about how your brain has been hardwired. You won't. It's the same with the coffee hour guys.

Starting point is 00:39:48 No, they're more extreme. It's the same as the coffee hour guys. They're more extreme. Because they're like, oh, I only have to, I only can spend 4% of my money. No, I don't do it or whatever. You, I spend. If they're more extreme, if you're within a 20x range of them, you've been wired your whole life to, I have to save excessively. Did you grow up before closure notices on your house?

Starting point is 00:40:09 I don't even know what that is. Okay. Well, I did. That's why I was hired that way. The threat of losing a house growing up. I have lived in a closet before it. It's not that bad, dude. It's like chill.

Starting point is 00:40:20 It's not a big deal. I used to live in a closet out of frat for free because I couldn't afford it. Whatever. Dude, you lived in a frat. I mean, that's all it was. Yeah. I mean, that's, come on. Everyone lives in weird situations in a frat.

Starting point is 00:40:29 That's what I'm saying is it's not that bad to be effectively homeless. Okay, that is not homeless. That is very different than losing a family home and seeing your parents struggle to pay a bill. That's fair. You're living in a frat? What the fuck are we talking about? Okay, okay, okay. Okay.

Starting point is 00:40:44 That's different. I mean, I wanted to rebuttal to something that you said, but. About how you're hardwired. No, it's not about that. It was about something you were saying. And not enjoy life. With your, with your, with your, $900 million or million dollars that you spent of the return on investment.

Starting point is 00:41:04 Like, I don't know, man. I don't know. What are your goals? What do you want to do? Enjoy this life. Okay, financial goals. Oh. That goes into your enjoyment, but what is it?

Starting point is 00:41:13 I don't think about financial goals too much because there's other things that are more important to me. There are, but what financial goals do you have, even if they're not top priority? Oh, got you. None. I've never really been like I need a goal But that's why I'm here Is because it will mostly because my mom would be happy

Starting point is 00:41:34 If I had a goal So maybe you can help me make a goal But the point is that It's always been so low on my priority That it's never even a goal doesn't get established Do you have a girlfriend? Mm-hmm Okay, how far are you guys in this relationship?

Starting point is 00:41:46 Dating for like 13 months So okay You know, you're taking them more serious? No, no, no She knows that we are not getting married You're not getting married Do you ever want to get married? Yeah, but...

Starting point is 00:41:59 Potential kids? You have to understand, I don't know. It's very hard. You don't know, but I want you to be able to take care of them if you die. I mean, that's a big thing. How much money do your kids need? Isn't it what? If you could spend $100,000 a year on your kids,

Starting point is 00:42:15 is that's a pretty good life? That would be a great life. Are you saying per kid? That would be incredible. So let's establish a goal right now. If I'm maxed out four kids... For 100,000 hours each for the rest of the life? We'll do $50,000 each.

Starting point is 00:42:27 because when there's multiple kids, it's like cheaper per kid, right? And the wife probably as well, right? Let's say I would like to raise four kids to 18 years old. How much money do we need? Plus the mother, the children, I'm assuming, right? Plus the mother, sure. Call her 50,000.

Starting point is 00:42:47 Okay, if you're trying to get to $250,000, $250,000. Yeah, I mean, I'd be comfortable with about $15 million sitting in a decently balanced. That is so much. There's no way you need $15 million to raise. For them to never run out of money, you have to do about a 3% withdrawal on a yearly basis, absolutely. Oh, so you're saying 15 million, you take out 3% every year and eventually it's at 0 when they're 18?

Starting point is 00:43:09 No, it should never be at 0. That's what we're trying to get it to. Oh, no, no, but that's what I'm saying is... You want it to go down to zero? Well, that's what I'm saying is that's okay. I don't need... That's okay if I die broke and my kids don't have any money, but they had a great upbringing.

Starting point is 00:43:24 They learned a lot. I would rather my kids not have $15 million. I would rather them have a good upbringing. The money's gone at the end so that way... But why were you telling Edward on the way over here that you wanted to have kids? Did you... I didn't... That was... Someone who was saying that I don't want to have kids.

Starting point is 00:43:40 He wants me to have a kid. He wants you to have a kid. The point is, it's a whole thing. Can't even take care of him. How are you going to take care of a kid? This is the whole thing. He wants a kid so he wants me to have kids so he feels better about his kid.

Starting point is 00:43:49 You can't raise a kid on a thousand hours a month, Edward. How old is Edward? 22. Either way. So the point is, I don't want kids, but surely that mentality changes as I'm mature. But the point is, just tell me how much money, so it's zero. We're not talking about 3% withdrawal rate. To get my four kids to 18, how many dollars?

Starting point is 00:44:10 $200,000 a year times 18. And then the mother of them just has to survive off a nothing for the rest of her life? No, no, sure. Give her $1.5 million. Sure, give the mother $100,000 a year. For the rest of her life forever? No, no, no. Everybody is only surviving.

Starting point is 00:44:25 until the kids are 18, and then as far as that goes, once you have kids that are 18, your life is over. You might as well be, you know, dead. That's like the ultimate. Lucky woman who gets to have your children. 5.4 million. Okay, 5.4 million. So how much is that a year?

Starting point is 00:44:41 Well, I don't know how many years to get to it. 18 years, dude. Divide 5 or more million. No, no, no. Divide 18 years. Yes. Well, how much is that a year? Enough to take care of them.

Starting point is 00:44:50 It's 100 for her and 50 each per child. So I don't know what we're talking about. How much money is it? 300,000 a year. That's what you asked for, yeah. I don't see how I could ever not make $300,000 in a year. No, I said if you're dead, dude. Oh, if I'm dead, if I die.

Starting point is 00:45:06 But then there's no kids if I die, dude. Oh, my goodness, it's after, it's after the children. Oh, the children get born and then I die? It's after, yes, that happens. That's not, bro. No, no, no, no. Then the, the dynamic of the family changes. Yeah, they'll be sad and poor.

Starting point is 00:45:21 They'll be hardworking motherf-f-ha. You ever heard of David Guggins? Holy f***. One of the coolest badass motherfuckers alive? No father life. No parents. He got fucked around on top and now he's the goat. So it's like, bro, the dynamic changes. God has a plan for the kids.

Starting point is 00:45:39 Yeah, I love making a three-year-old work hard. David Goggins is really well off. Glad you picked one guy. Dude, but if he can't, why can't they? And that's what you don't get. Is that anyone can do everything. You think everyone needs to save because it's like manifesting your own and everyone else is failure.

Starting point is 00:45:55 It's like, their own demise is coming, so you've got to be ready for the demise. How about this? I'm on Clownin and it's never going to happen. That's where David Goggins is so successful because it was never a question. We're not going to something. There's never a plan B.

Starting point is 00:46:08 There's never like, oh, what if this goes wrong? It's called Plan A Square. Why did he get healthy? Why did Gagins get healthy? What? Why did he get healthy? Because he was a fat. He wanted to join the Marines.

Starting point is 00:46:18 Wasn't out of any fear for health complications at all. And having more energy. I don't know. Did you ask him? I have no idea. In his book... You know him. I don't.

Starting point is 00:46:27 In his book, he did not speak on health complications. You read a book? No, no. I listened to it. Okay. I'm assuming if it was just to join the Marines,

Starting point is 00:46:36 then the point doesn't stand. But if it was for doing more health, if he can do anything, then why can't he be a fat fucking join the Marines? Because to join the Marines, you can just do anything you want. Exactly. And if you want to take care of your kids,

Starting point is 00:46:48 you need a bit of money to make sure they're taking care of. But the process of joining the Marines made him skinny as a result. That's not like, in the process of making sure your kids are taking care of by the time you die, is I saving money.

Starting point is 00:46:59 That's what I'm saying is if I do die, they will figure it out. Not necessarily. Many kids don't. Yes, bro. And listen, this is setting them up. Life isn't supposed to be so easy.

Starting point is 00:47:10 If I die, my kids are going to be stronger than I am today. I'm not saying making spoiled. Listen, every day I've had a very good upbringing. And that to a degree, those who go through more trials and more difficult battles have a higher purpose and have a higher ceiling. Because I almost, because I was so blessed

Starting point is 00:47:28 and had such an easy life, I am effectively not as hard. I'm not as hardwired as somebody like David Guggins would be. It's also why you're not afraid of anything bad happening. If something bad were to happen, I would pray to God that he has a plan for me and it's going to make me a better person at the end. He does. That plan might be homeless.

Starting point is 00:47:49 You can say, you can say, you can say that nothing is bad to happen to me in my life. I almost died last year. I overdosed and I was died. That's fundamentally bad. Well, that's your choice to do drugs, asshole. Yeah, just because it was my, that doesn't mean it wasn't bad. The point is, that's why I don't bring it up because it's my own fault, right?

Starting point is 00:48:02 That's different than an emergency fund. But listen, just because something is bad doesn't, it might be a blessing. God has a plan. And just because something, whatever your dad, that, again, countless people become stronger because they're trials. Now their ceiling is unlimited. Countless people become homeless every single day in this country. and they believe in God, and that's their plan. And that's the plan that was made for their lives.

Starting point is 00:48:26 You are putting too much value on money. Security? Who's to say that anybody doing much less than you isn't... You've never asked... What? Okay, what I'm saying is, I know a lot of billionaires that are depressed, and I know a lot of homeless people that are depressed. It's not about...

Starting point is 00:48:44 It doesn't make you happy. I'm not trying to make you happy. I already know you're happy. I'm arguing for a little sense of security if your life turns on its head. You might be a paraplegal... tomorrow. You don't know what's going to happen, dude. And that's all I'm saying. It happens to people every single

Starting point is 00:48:56 day. That's what I'm saying is, okay, if I'm not trying to buy your happiness. Okay, if I become a paraplegic, okay, what are you saying? I should have, if I, so your picture that you're painting right now is 10 years, I get both my legs cut off or something of that nature. Yeah, you dive into the water wrong, dude. And it happens all the time. It's happening to people I know, actually. It's kind of crazy.

Starting point is 00:49:16 And so what's the point? Ben, you're not going to be able to produce the same kind of content. Your audience, your views are going to fall off. It's not about the YouTube views. No, it's about security. I want to make sure you can take care of yourself for the rest of your life. I can take care of myself because I'm togy.

Starting point is 00:49:31 Not because I got a YouTube channel. So your ego? Yes. Uh-huh. But I feel like you're not understanding. Every successful person has this to a degree. You used to be very unsuccessful and whatever. And you became something magnificent.

Starting point is 00:49:50 You had a degree of delusional ego in your own head. So you're not necessarily showing it. I say ego's bad, but if it's putting you in a position where you're going to, you might f*** up your entire life if something goes bad, that could be damaging. Life is risky. Okay, and that's why you overdosed and that's not good. Yeah, and that's not great. So, fuck it, life is risky.

Starting point is 00:50:08 Dude, life is risky. And me overdosing may have potentially inspired millions of people to get off of drugs. Oh, good. Do it again. You'll save more. You're not saying, no, but then I might die. Yeah, so what the fuck are we saying? Because what you're saying is that you're sitting here walking on like this line of like, oh, everything is and I got to be so careful.

Starting point is 00:50:29 I don't want to live like that. I just want to be able to do, you know, whatever. And it's more exciting to have all the risks coming at me. Unfortunately, your drug use incentivized and inspired Brandon to do drugs instead of quitting. Is this true? You did drugs because of to doggie? All right. So that in that case.

Starting point is 00:50:46 What did you overdose on? I thought you said you barely tried it, but you did a lot or something. So the first time you ever did it? No, that was many times in. Oh, for the sake. Listen, bro, my experiences, I could, bro. And you're done? You haven't? Yeah, yeah, I've been sober for about four months.

Starting point is 00:51:06 In that four months, I had one night where I did cocaine until maybe 16 months ago. Okay. Okay, so you relapse often. No, no, in last four months, I relapsed once. I got really racked about until 10 a.m. So we're making good progress. In the last four months, yes, you've relapsed. And also before the most recent four months and the 16 months that you went to...

Starting point is 00:51:27 After I overdosed, it was not any second of like we should stop. There was a, that's the life of a drug addict. Now, why have you stopped now? That's a good question. Life is just too busy to be giga racked on all the time. But either way, I don't plan on being sober forever. I'm just like mad busy. and then I just like to haven't done drugs in four months.

Starting point is 00:51:50 Isn't that what helps with? Not to sell you on it, but... Not really. It kind of helps you like make really bad decisions and gamble like for 20 to 80 hours straight. Wait, so all the content... Oh, all the content that everyone was watching until a few months ago was without content? No, there's like specific videos that I can tell you. And then a lot...

Starting point is 00:52:09 So the drugs like rotate. We say as like, because whatever, that's what I overdose on. But there's like the video, why not you? I was on Adderall for the whole thing. like really racked like 100 milligrams Adderall the whole thing and you can pretty clearly tell like when Togi gets on the camera is that guy on Adderall. Adderall was my favorite. What was your most stuff video? No, no, I didn't usually do it on camera.

Starting point is 00:52:29 That was just like for the love of the game. And don't forget, I want you to be on the next episode of Financial Audit. So go to Calebhammer.com slash apply or click that link in the description below. You'll have a great time and I'm going to roast the fuck out of you. Starbucks is bullshit and a waste of money. and you already know that by making your coffee at home and invest in the rest. So now you need to do that with your energy drink as well.

Starting point is 00:52:57 Make GamerSubs at home for just 40 cents a serving. And honestly, it literally tastes better. And we proved this accidentally via a blind taste test in our Hammer Elite show, Fat and Fatter. The number one ranked energy drink is Gator. Oh, literally the cherry flavor is insane. Listen, you can also get free samples to see if you like it. or 10% off your order at GamerSups.G

Starting point is 00:53:21 or click that link in the description below. Type in code, Caleb. But dude, okay, what is the big deal? Why are you so judgmental, dude? It's chill. I'm asking questions. No, no, but you're like, say there's like, okay, like he did for the love of game.

Starting point is 00:53:37 It's like, oh, okay. It's like, dude, yeah, I did. And it was like kind of like, to a degree awesome. But the point being is that it's like, dude, okay, whoa, whoa, whoa. you're going to have to accept the fact that some people like a slightly riskier life. I'm okay with a riskier life. I'm okay.

Starting point is 00:53:53 That you've been busting my balls about it. But, okay, I agree. I'm just advocating for one thing. You setting aside a couple million. Okay, okay, okay, give me the game plan. Okay, the game plan, and I'm going to go through these finances right now, and then we're going to go through it. I literally just want you to set aside a couple million dollars, five million dollars.

Starting point is 00:54:07 And then just pretend like it never exists and you can blow the rest. I don't give a f***. That's it. Can we just agree on that? Okay, so I should set aside five million. Just that. All right. I'll set aside five million.

Starting point is 00:54:16 You can live a good life with that. How do I do that? What is, I want to know from your perspective, how would you rate your finances 0 to 10 as a big picture? Zero being the absolute worst, 10 being the absolute best. Nine. If you want your hammer financial score, get it to Calebhammer.com.

Starting point is 00:54:33 Just takes a few minutes to sign up. You take the score and... There's a thing that does it? Yeah, there's a thing that does it. And thousands of people do it daily. You can do it and it is free, Calebhammer.com. And if you don't want to be like, Togi, don't do nothing.

Starting point is 00:54:44 Also, make sure to download the dollar-wise budgeting app. It is the best budgeting app out there for a reason. Take the free trial. So if you like it, most people take the annual version because it saves them 50% on their money. And of course, when you do, I will send you my signed budget-friendly cookbook mailed directly to you. And that is going away at the end of March. So check that out. Dollowise.com. Calebhammer.com. Let's see Toggi's money. Of the statements, he did send. You use a thing in the ad. You like, it's cool. It's fun. Right. What the what?

Starting point is 00:55:10 The thing. You're like, oh, don't be like Toggi. Because it's like, you know, engaging, exciting, whatever. I think you secretly, like, I think we're going to be friends after this because you love how crazy it is. And, like, part of you is, like, living vicariously. It's like, I shouldn't, but that's awesome. Like, secretly you're an advocate for the degeneracy. Oh, I'm a f*** degenerate. I'm a degenerate. We have different degenerates.

Starting point is 00:55:32 I'm a sex degenerate. It's well established on this show. I'm a degenerate in a lot of ways. I'm just not a drug guy. I'm just not a drug guy. Never been my thing. You ever bang him? So, platinum.

Starting point is 00:55:45 car. It's like a common thing. Togi loves whatever. But I thought we were like, I was trying to create like a bridge, some common ground here that we could like shoot the shit about like, how about that? Like what do we banged the same one point in our lives? But it's not, it's cool. We can talk about it after. But on to the finances. Your platinum card. What goes on with this card? I don't know because I have my mom, my dad, my sister, my grandma, my roommate and me on it. Your roommate? Isn't he your roommate? Oh, he also has the amics. Everyone in the world has it

Starting point is 00:56:15 Why don't I? Because you're rich Why the fuck you need it for, bro? So? You don't need more money, bro. Don't be greedy. My grandma is poor and she needs the AMX.

Starting point is 00:56:27 If you make millions a year, why she's still poor, asshole? Here's the thing, right? If I were to give my grandmother any amount of anything, I secretly have, I didn't tell you about this

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Starting point is 00:56:56 ensuring millions of unique small businesses. When it comes to your small business insurance... Thank you. One size, absolutely does not fit all. Get a quote or find an agent today at thehart.com slash small business. In a secret place, there's about 400,000 save for my grandmother. In a secret place?

Starting point is 00:57:18 That's like gigatop secret, but either right... Is it? Am I leaving it in or is it caught? You can leave it in, whatever. But the point is, bro, they would kill me if I bought them a Tesla or something or whatever. So my grandma takes the card and she likes to show her friends. They go to their little Asian meetup and she goes, this is my grandson's card. And she pays for the launch once a month. She loves it.

Starting point is 00:57:39 That's all she does with the credit card. Are they proud of you as an Asian? Yeah, you know, it's so funny. Oh, my God. My grandpa, so four grandkids, everyone goes to college. Very strict. Oh, get a PhD, super strict. I dropped out of college and they're like,

Starting point is 00:57:52 you have to go to college. Every day. You have to go to college. You have to go to college. And then I showed my grandpa that I was making whatever, 700,000. What is the number? Six, 700, $700,000 a month. And he's like, he tried to get all the other grandkids to drop out and work for me.

Starting point is 00:58:06 Because he's like, what the fuck are we doing getting PhDs when he makes what a doctor makes every month. I am confused because $600,000 or $628,000 is what came in. Okay, yeah. It's just a low month. You said a million comes in. 628. This was last month. Yeah, last month, man.

Starting point is 00:58:22 That's it. Well, that, yeah, I guess it varies a good bit. That seems really bizarrely low. This, are you sure that was February? February, unless I don't have all your accounts, man. February, we came back at like 1.6. I don't know. Maybe the business did, but maybe I don't have that.

Starting point is 00:58:38 Maybe your net is just that. And then he spent more than double it. Yeah, I don't know. Is this paid off every single month? Yeah. Okay. I think so as well. And it's because of Moak?

Starting point is 00:58:53 What's his name? What are we talking about? Fuck, what's his name? Dirk. Oh, Gerd. Oh, Gerd. Gerd. Gerd pays this off every single month.

Starting point is 00:59:01 I don't know how it happens. I pay it somewhere. But via Gerd. No, no. I actually... Do you live with Gerd? Yeah, yeah. Gerd's one of my best friends.

Starting point is 00:59:09 And we trust him. Financially. It doesn't really matter. I could get somebody that I trust more financially, but I would rather Gerd grow into a person that I can trust financially because I trust him as a friend. So if he learns the skills and he fift me out of a few million dollars in the process of learning the skills,

Starting point is 00:59:30 then we're the gigate team. Then I invested a few million in his education. And then it's like, Togi really can't be stopped. Bro, in six years, when everybody on my team, we know what we're doing, it's going to be awesome. What if Gert has siphany money and you don't know about it to himself? He would never do that. How do you know?

Starting point is 00:59:45 what if he thinks it's moral? What if he doesn't even consider it siphoning? He's smart enough to know there's what is siphoning and what is not. I would never check it because I know he would never do that. And also, given the many people that look through the finances, like whatever. How many people are looking through the finances? You now. Who's Amanda?

Starting point is 01:00:06 The coffee hour, CPA financial planner. She has access to everything. So she would, there would be red flags. But either way, the point is that I don't know, like, if this is something. that's like, I don't understand why there would be any paranoia. Like, I would die for this person and this person would die for me. So, why would I ever be like, I wonder if he's siphoning money? Like, do you think your friends are siphoning money from you?

Starting point is 01:00:30 They don't have access to my accounts. Because you think they might siphon it from you? No, I just, bro, you're just not supposed to let people have access to your accounts. Oh, okay, okay, fair, fair. I trust them enough and they would never do that. I mean, there are parents that love their kids that have siphoned money from the child actor's kids. I mean, this has happened. Yeah, but you keep like using the world to analyze my relationships, which is fair, because you don't know me, but I know me and I know that would never

Starting point is 01:00:54 happen. You know you, but there's also people that are surrounding you. And people when they become successful. I only, okay, sure. How many people do you trust have entered your life since you've become successful that you consider one of your seven that you would die for? Oh, probably one. Okay. Well, him plus the one's coming up. There's an extra level of questioning that has to be done there. You never know who tries to surround themselves. Oh, yeah. Yeah. I'm surprised there's even one. I'm not like in the running for new friends. Like I don't really accept it with open arms.

Starting point is 01:01:23 So I'm very paranoid. You're not inviting me over. I don't get to see the Austin House. We can do a party after this with the-skip out on that. It's awesome. But the point is I wouldn't give you access now because I dislike you just because I don't, you know, like after the fame or whatever. I'm a lot more paranoid about it. But these are people that I've known forever.

Starting point is 01:01:47 Okay, okay. Okay, listen, 200,000 hours was spent on this card in one month. Yeah. One card, one statement. I think it was actually, what statement is it? Let me see this. It was actually more. It was 300,000.

Starting point is 01:02:00 Yeah, yeah. That was before payover times. 300-something. Which, I don't think you'll be shocked as a record on the show. I think you spent more than Amranthage. Who's that? How much of your $500? Oh, my God.

Starting point is 01:02:14 I one time gave one $50,000 because I was so f***ed up. Was last $1,000? Oh, I never got one in Austin. Okay. Just like Vegas, usually. 50,000. Have you f***ed with your girlfriend? No, you've been with her?

Starting point is 01:02:29 Decided that's gross. Because there's like a... Sorry, not with her while you've been with her. Oh, no, no, no. You haven't had sex with one other person while you've been with her. No, no. I have, like, at the first, let's say maybe four months when it was, like, kind of dating whatever. I was banging a ton of people.

Starting point is 01:02:46 And, Sensei got like serious, we have straightened out. Do you believe this? He's with me 24-7. You're getting paid. He's not getting paid. He gets paid $1,000 a month. Okay. Okay, first of all throughout here,

Starting point is 01:03:00 all throughout here, you own all these cars, but there are Uber pips every second of your life. And it's always like the top and Uber's. And also, how often do you go to Uchiko? Uchiko, bro, is awesome. It is. No, I go there. twice a week. Yeah, yeah, I don't know. How much

Starting point is 01:03:16 do I go to Uchigo? Whenever, bro. Often, I'm just surprised we haven't seen each other at Uchico. Like, I'm literally always at Uchino. I go late though. 9 p.m. 9? Yeah. Sometimes, yeah. Okay. Oh, we'll go to Uchigo. That's me and my girlfriend's favorite spot. And you take flights all time. I'm assuming that's for videos. Please tell me

Starting point is 01:03:32 if that's for videos. Or are we just flying to f*** around? Are we just having fun? Videos. Okay. So where did we have to travel for this four out of ten video? We went to Atlanta Where to we at? I don't even know Where was that? Where did we go for this?

Starting point is 01:03:51 Yeah, I don't know It's the cost so much. This is $2,800 for flights $2,800 for flights. Everybody on my team floods first class. What the fuck? Why are we doing this? And how many people come? I don't know. They got one to five.

Starting point is 01:04:04 How many people come? Edward. I'm not lying to you, bro. Why would I lie about one to five people coming? I'm not saying your line. I just don't think you know. Oh. Yeah, but like one to five, probably. Okay, Lowe's popped up all the time.

Starting point is 01:04:25 Lows? Yeah. I don't know, that wasn't. We're going to Lowe's all the time. Okay, who's, okay, so this is in the portion of, let's see, because this is separated between different people. Who is this? Who is this first portion?

Starting point is 01:04:37 Okay, so this, we blacked out names, didn't we? This first person. Who's the first person? There's probably... I can tell you, if it's Lowe's... Well, who's donated on KIC every second of their life? Bro. I'm logged in on...

Starting point is 01:04:52 With your own money. I was logged in on Steve with his computer. He gifted himself like 500 subs. Listen, Edward, I'm going to get you a course career certification and a FIS card so you can start your life. It's okay. You wouldn't know what they are, but... But it's like, dude... If you fail him or die.

Starting point is 01:05:14 Oh yeah, yeah, yeah, but Edward's never gonna fail himself. Sorry, mine Carter. Why are you actually like I'm his dad, bro? He's like a totally capable mother. It's gonna be a millionaire one way or another. It looks like a little boy. I don't know, he's accepting a thousand dollars. Why are we judging off of looks and you're overweight?

Starting point is 01:05:30 I'm not saying you're talking about it. Like, bro. You can. And also, also it's obese, not overweight. I don't know. I'm terrified. What I'm saying is he's a totally capable of dude. Totally capable of dude.

Starting point is 01:05:41 Except you pick the Mexican. You're speaking of your group to go to Lowe's. Yeah, bro. No, he doesn't go to Lowe's. I think it's Germalern. Either way, it's not the point. If he would be better at going to Lowe's probably. I don't know.

Starting point is 01:05:51 I don't know who does any of this. Edward, do you go to Lose? I don't know. I don't run these things. You don't run the things, but you choose how much they make if they're doing well or not. Oh, yeah.

Starting point is 01:05:59 But you don't run it. You don't know what's happening. Kick streaming. In and out. $82 of in and out. Airbnb, $800. Uber trip to Zuber trips everywhere, everywhere. Airbnb.

Starting point is 01:06:12 Airbnb, $2,200. So do you guys Airbnb every time you go somewhere? Yeah, I wouldn't be surprised if on this statement there's like $20,000 at Airbnb. No, I, there's probably more than that. Yeah, Uber Eats, $91.

Starting point is 01:06:27 $1,000, Uber Eats, $88. Is that all the meals you guys have unless you go somewhere nice? No, this is funny is we actually have a private chef. But we're Uber eating every meal, why? Because we fired him like three days ago. Why? This whole month.

Starting point is 01:06:41 Why is he fired? I probably just wasn't, I wasn't used it enough. I was like traveling. I'd leave for like months. And did you take care of him when you're firing? I gave him $10,000 severance. What was his monthly pay? Six and a half.

Starting point is 01:06:56 That's not great. Well, when he, talking about caring people, when I fire people, even that I hate, I give him better severance. Well, when he joined me, he said, this is not a real job. He was, like, unemployed and was like, I really need work. I'm like, sure, you can be my chef. and it was like this is not going to last more than six months.

Starting point is 01:07:14 Okay. Dash pass Uber eats $20, Uber eats $230, Uber eats $91, Uber eats $81, Uber eats $82, Uber eats $6.59. Hotel, $150. Oddly cheap. I don't know if it was like a down payment. Yeah, surely that was a...

Starting point is 01:07:30 Whoever this is is going into the gas station and getting snacks and drinks all the time, by the way. Swiping your card for little snack drinks. I don't care. I do it. I encourage it. You encourage that. Bro, they can spend my money.

Starting point is 01:07:41 They're my friends. Okay. Well, I encourage you spending your money on gamer subs, 40 cents a serving. Link in the description below. That was good. Well played. Yeah. Uber eats $34.

Starting point is 01:07:54 Uber eats $28. Uber eats $72. Airbnb $4,000. Okay. That place must have been nice. Well, no, they're all around that same price, man. So wherever you, I mean, you always stay nice, right? Yeah.

Starting point is 01:08:07 You ever not stay? I mean, your first class and everywhere. Yeah, we try and stay at nice places. No, these ones are your charges directly. Apparently, this is your section. Oh, word. Okay. Uber Eats, $63.

Starting point is 01:08:24 Newslink to MIA. Oh, that's Miami Airport. Oh, okay, 34. What's? What's the hotel? How about water? The hotel, $22. check fillet 15 bucks at least you went there instead of ordering yeah listen you don't need a nickel

Starting point is 01:08:42 and dime you can live a very high elevated life with a lot of fun that's not even i'm not advocating against that because you talk about ice coffee hour what those guys what grand would do is like yeah you know don't spend 5% of your income no that spend 70% of your income i don't give a but save the other 30% at least we'll get to your investment account okay we'll get to your investment account okay i've been saving up bro and yeah until you lose it to gamble. Do you own your house in Austin? No. I only have 800,000 down on it. There's only one house. Okay. I don't know where this is confused. There's one

Starting point is 01:09:15 house of the one you didn't lose. You said you own another house. Until I lost it. You lost both houses? Oh, I said you owned twice. This is, okay, there was two houses. One, eliminated, house owned mortgage. Where is that house? Here. So you own a house in Austin. And that's what, okay, very good. Very good. And let me guess. Yeah. Okay, believe that, but that's where, like, all the charges are. Oh, really?

Starting point is 01:09:43 Uber eats $34. Also, how the fuck you live there? That's the first place I lived when I moved to Austin. I want to kill myself. It's 40 minutes to anywhere. I didn't, we didn't, had never been to Austin when we bought the house. You can live anywhere. That's the most miserable place to live.

Starting point is 01:09:57 I think it's like a fun little paradise, but it is agonizing how far it is. Yeah, you can live in a lot of paradises. Keeps you grateful, you know? How lucky am I to drive here in the Rolls-Royce. Hammer Elite is the, the best YouTube membership on the platform, and I just upgraded it. Three exclusive dedicated shows every single day,

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Starting point is 01:11:04 I'm grateful if it's like a 90-minute car ride. No, but it's like awesome. At least I'm not walking. Okay. Yeah, I don't think I would suggest you walking. Do you have security? Security guards? Yeah. Did my guy frisk you? Did he touch you and all this stuff? No. Give you the little touches. He didn't do you do what I'm gonna do in here. Come like rob you guys? Blast me. I don't know. You're mad. I don't know what's happening. That's true bro. You should not trust people that do. No. It's a super super. That's like a sketchy, sketchy group.

Starting point is 01:11:32 $200 to that hotel. $3,000 to that hotel. Uber eats 101. Uber eats $33. Uber eats $41. Uber eats $36. What are you Uber eating? Because this is multiple times a day. What are you Uber eating? Oh, like if you need like say toenail clippers,

Starting point is 01:11:47 Uber is it. If you need a- 41 bucks. And then we like, say we're traveling and like we need a monitor. Uber eats it. Bro, I don't know. You have to understand.

Starting point is 01:11:56 I have no idea. This Elsor Hotel. You're obsessed with. We spend another 1,500 there. We can. Hotel Bell Air 5,000, basically. Hotel Bell Air.

Starting point is 01:12:06 Almost 5,000. bucks. Whoa, that was five racks. Almost. Whoa, what? At least look into things before you do it. But it is a kind of baller feeling if we show up, swipe, don't even look at it. That was a scam.

Starting point is 01:12:18 Five racks for Hotel Bel Air. Okay. And you freaked out about the water bottle you purchased. Hots, yeah, $795. Airbnb, Uber eats, $93, Uber eats, $41. Again, Uber is $78. Uber eats, $92. Hotel Bel Air.

Starting point is 01:12:37 $70. Uber eats 36. Uber eats 99. Uber eats 18. Uber eats 106. Uber eats 109. Airbnb 68. Uber eats 78. Uber eats 102. Uber eats 35. Door nashing best by $1,105. That's for a new monitor. It's crazy. The OLED? You ever had that? Bro, it's awesome. Bro, I live in. She's like 30 minutes to go get it. Exactly. Don't live in bought a house and... Oh, we didn't know we were doing. Bro, you know how it's so easy to... It's so easy to...

Starting point is 01:13:11 It's so hard to buy a house. Like, I can't just pick... Oh, okay, let me go buy a new house. We're locked in there. Kind of. If you actually followed any of the shit that we talk about, if you sent money aside, yeah, you've bought a house, a nice house. No, no.

Starting point is 01:13:23 With a view, downtown in cash. Oh, yeah, it's not about having the money. It's about, well, that's part of it. But it's about, like, doing it. Adolting is not easy, bro. It's relatively easy. What's hard? Specifically about...

Starting point is 01:13:36 I don't know what is easy about it. What parts do you find to be... What were like... Most people are in a cycle. You go to work. You make your money. You come home. Make your food.

Starting point is 01:13:46 Go to... Bro, but then it's like, now I got a... You know, like figure out how to get a mortgage and also figure out... You know what I didn't know. Real it.

Starting point is 01:13:56 The first... Trip I bought in Miami didn't know you had to pay utilities. I thought it was just like on and shit. So we didn't go there for a couple months. Mold every... Everywhere in house in my brand new crib, it cost $30,000 to get the mold out. The pool had to be redone.

Starting point is 01:14:10 That's shit they don't teach you. Why don't you talk to your parents about anything? Well, my parents would have told me, but I didn't ask them because it's like fun to figure out life with your friends. And none of my friends knew you had to get utilities. So now it's like, all right, now we know. You surround yourself with the- We're all, but that's the life, bro. I surround myself with people that I love.

Starting point is 01:14:28 And I don't- I don't care about how smart they are, you know? Because who am I to say? I'm not that smart. Uh-huh. Paradise? Is that what this is? Paradise. Is it right? Oh, you spend $28 there, $5.5 there. Uber vending machine.

Starting point is 01:14:46 It's not so crazy, but Uber Eats again. Apple Pay, Apple Pay, Apple Pay, Apple Pay, Apple Pay. Farmlands Kitchen. Geogess, or you're paying for Geogess or I guess. Are you doing it on stream? I don't know. No, I've not played that game in like four years. Oh, my.

Starting point is 01:15:00 It's $5 a month, bro. Yeah, and you haven't played it in four years. Uber Eats, Uber Eats, Uber Eats. $5,000. that kid's life. He's poor. Gifted subs. Bro, money's not going to change his life. His brain's going to change his life. I'm not in charge of giving him. Oh, I am literally in charge of that. But if I gave him too much money before the brain, then the brain never going to get to

Starting point is 01:15:19 hear. And once he's on Mars, he don't need no money. That makes sense. I don't want to hear no rebuttal. You understood what I was talking about. And you can't deny it. Are you trying to say if he doesn't learn the right behavior before he gets a lot of the money is he's going to throw it all away? No. He's not going to be able to earn it. He's not going to be hungry to be goaded. I didn't say make him rich. I said make sure he can take care of himself. Uber eats, Uber eats, Farman's kitchen.

Starting point is 01:15:42 How are you going to take care of yourself if you don't know how to do anything? Like if you don't like... So the only way for Edward to know how to do anything is be around Togi. No one else outside of Togi. No, by living life and going out and experiencing things. Which he can do and still make a living. Yeah, yeah. But if you're, dude, if you're underperforming at your job, that's a thing that you should

Starting point is 01:16:01 fire him. No, because I like Advert. Edward as a friend. So I wouldn't want to fire him. Why do you suck at your job? We'll talk in the post show. No, I'll do that. You're going to get it.

Starting point is 01:16:11 Chick-fil-A, supreme massage. Going into the post show is going to be lit. An expensive massage. 114. Bro, I thought they were going to jack me off. They didn't. It's the worst. Is that place next to the fucking purple fitness place?

Starting point is 01:16:22 He didn't jerk you off or 114. No, I tip whether they jerk me off or not because they still worked hard. Okay. Brandon said he has a spot. It's off. I-35. He'll tell you afterwards. Uber eats.

Starting point is 01:16:35 Uber eats. Uber Eats, Chipotle, Elise, you went there. Proud of you. Big moves. Uber Eats. Pure wash, that's fine. I don't know why you're going

Starting point is 01:16:43 to a standard car wash for your expensive-ass cars. Oh my God. We took two of the Lamborghinis there. It was the... They f***ed them off. Yes. What?

Starting point is 01:16:51 We were in a rush. We had to do a photo shoot. I don't want to tell you to spend money, but get a detailer on call. No, we do have a detailer, but I needed it at 30 minutes. Okay, you pay chat GBT, Uber Eats.

Starting point is 01:17:02 Or Zuchiko. You spent $1,300,000, Uchiko. I tip. usually 100%. Even still, that's a decent amount of Uchiko. Uchiko's expensive, but it's not like, how many people are you bringing for $750?

Starting point is 01:17:14 I remember that one. I was with one person and we said, can I have everything on the menu except for a few things? You just got really aged in there for a second. Oh, in my mannerisms? No, everything on the menu. Everything on the menu. All right, all right.

Starting point is 01:17:28 Strike that from the record, everything on the menu. And then Nobu right after that. For 1700. Okay, you're a sushi guy. I appreciate that. Sushi, it's like my favorite too. I get it. Popeyes.

Starting point is 01:17:44 What is this? Parati's again? I don't know what that is. Uber eats. Go puffing. Uber eats. Nordstrom. Christian Dior, $2,000.

Starting point is 01:17:53 That's this hoodie. And check it out. That is $2,000. I didn't like it at first. So I decided to give it to a viewer. But then I decided I loved it. So I had to send the viewer $2,000 because I said I was going to give him it. But either way, bro,

Starting point is 01:18:04 don't understand how well this fits. I don't understand. I really don't. $2,000 for solicitor, I can't get there. No, no, it was good. And really what happened is I didn't love it, but I went to Dior and I made the guy that was working there. I made him like, let me try on like 10 things because I was really trying to like something. Hated it all, but I felt bad for him.

Starting point is 01:18:21 Some asshole comes into your store. He's like, oh, let me try on all the shit. And then they leave. So I had to buy it. Okay. Allay Colonial, 630. Nobu, Atlanta. Another 718, 400 Zanga Corporation.

Starting point is 01:18:34 It's games. Zenga's gaming. I don't know. Oh, yeah, we spent $7,000 on a new suit. Oh, you're good for something. Uber Eats, Uber Eats, Uber Eats, Airbnb $15,000! Come on. Dude, dude, dude, are you hearing that?

Starting point is 01:18:53 Airbnb 15,000 hours. I've never seen anything like that in my life. What the fuck is 15,000 hours Airbnb? You're gonna like this one, dude. I spent $10,000 on a haircut on that one. Oh, for a fuck sake. Yeah, we didn't even hire. like that. Okay, how, how the

Starting point is 01:19:10 how the fuck, dude? This is just awesome. Bro, it's just like, the guy the guy was a drug dealer and he's cut my hair and I'm talking about the game show I'm putting on. And he was like, I was like, I'm bailing out convicts. He's like, gonna compete in the game show, try and win 100,000. He's like, oh, dude, like, next time you do that, you should, like, and find me, like, I'm about to go to jail.

Starting point is 01:19:31 I was like, for what? And he's like, fucking weed. And I was like, dude, uh, How do you go to jail for weed? And he's like, I don't know. My lawyer says, I have to. And he's like, you should get a new lawyer. And he's like, okay, can't afford it. I was like, I'll give you $10,000.

Starting point is 01:19:42 Try and get a new lawyer. If not, at the very least, you have $10,000. Okay. Okay, that's nice. It's like the first thing you did that's like, actually like, that feels like genuine. Everything else is like bullshit. Uber Eats?

Starting point is 01:19:53 That's not a bullshit. It's all bullshit. Are they all bullshit? Are these like my friends? Yes. No, they're yours still. Your end's the next page. Okay, but either way.

Starting point is 01:20:02 15,000 Airbnb, dude. Yeah, that was not even worth it, too. That place reeked. But either way, bro, you know, I like to go on nice trips with my friends. Cafe, sushi ramen, cafe, cafe. This seems like pretty normal, bro. What else is money good for? Okay, well, then you've never lived a normal life.

Starting point is 01:20:19 People can't do this. No, no, what I'm saying is if you had this money, what else would you spend it on? Well, I would make sure, again, you're prepared for something. But yeah, you can spend it on bullshit. Don't get me wrong, but $15,000 on an Airbnb is crazy. When you don't have an emergency fund, just at least get something big. set up and then blow your money. I have an emergency fund.

Starting point is 01:20:36 You don't. I'll show it to you, bro. It's in crypto, dude. That's not an emergency fund. They can go to zero overnight. Yeah, but or it can 10x and then I have so much emergency fund. Or it can. Bro, or if Dan or butts about it, bro, who, that I'm not living to think about how much could go wrong when it all could go right and it's good.

Starting point is 01:20:53 No, it's not about that. It's not an emergency fund. That's it. It's not an emergency fund. Emergency funds aren't crypto. How big emergency we're talking about right now? What's your mortgage? I have $800 down $2.5 million house.

Starting point is 01:21:06 No, no, your monthly payment. Oh, I don't know. You don't have a gas? I didn't even tell you this. I still have to pay the mortgage on my f*** house that I lost. So that's like $13,000 a month, next 30 years, whatever, and the mortgage that I live in. Should we coin flip over your current house? No.

Starting point is 01:21:22 That seems like a bad idea. So you're a pussy. You've lost it. Dude, you were just making fun of me for it, dude. I think that's a bad idea. Sure. You're not going to do bad ideas anymore? No, no, no, but all right, I was on this podcast and the guy was like, you go to save more money

Starting point is 01:21:39 Yeah, and I was like, okay, maybe I'll save a little bit more. So I'm trying to save more now. Okay, I can go with my house. Also, I would never live so. I like bro. No, you don't know. Airbn v. 34,000. This is from the next guy. That's from someone else. Yeah, who is this? Oh, that was my dad. It was enough. Your dad, 34,000. Yeah, he asked if he could do that before. I remember now. Well, you'll say yes to anything. Well, my parents do whatever they want. So you won't ever say no to anything. Not to my parents. 34,000.

Starting point is 01:22:11 What did they possibly need? They were on vacation. And so what happened is they were like trying to go vacation at my crib in Miami. And they were like, can we stay there? Yeah, of course. And then I gambled it away. And they're like, we still want to go on vacation. It's like, okay, how about this?

Starting point is 01:22:23 You, I actually picked out the Airbnb for them. They would have picked a shitty one. And I said, you should go here. Let me know if you want a bit of a bucket. And they were like, are you sure? How long did they stay there for $34,000? Three weeks. There's a good stay.

Starting point is 01:22:36 Dude, they're retired. They got to like enjoy life. So your dad, the retired dad is Uber eating, Uber eating, Uber eating, Uber eating, Uber eating, Uber eating, Uber eating. Yo-yo. For $419 a yo-yo. Oh, this, surely this is in my dad's account. This must be. Yeah, yeah.

Starting point is 01:22:53 Who's that? The girlfriend. The girlfriend. She's Uber eating. Okay. Yeah. Okay. Uber eating, Uber eating, Uber eating, Uber eating, Uber eating, Uber eating.

Starting point is 01:23:01 Amazon. She air Airbnb B and B and B. $1,300. Airlines, does she live with you? Yeah. Okay. It's going well. It's going as well as a 23-year-old relationship would go. It's like, I'm not going to

Starting point is 01:23:15 make it, but it's great. People used to get married at 18. What the fuck is that? That doesn't mean anything. Yeah, you're right. That wasn't a good way to put it. But we're not getting married. So it's like, it's going well, but she's okay with that? Yeah, yeah. She's not stoked on it, but it's like, dude. You know? Amazon, Uberitz, Uberit, Uberit, Uberit, Uberit, Uberit, Uber,

Starting point is 01:23:31 Amazon Chick-Fleet. Uberit, Uberit. She's Uber-Uberating. two times a day. Well, you're Uber eating two times a day. Well, your dad is Uber eating two times a day. Well, someone else is Uber eating two times a day. You're doing about a dozen Uberites a day across all accounts. Dude, that cannot. If we did a net Uber Eats, say I spent 50,000 on Uber Eats a month, it's like, that is money well spent. Money well spent, 50,000 are Uberites. You don't want to get to a charity. You did one genuine thing to the barber. It was beautiful. Oh, yeah, yeah. We're, uh, we have to, but, you know, we give a lot of money to charity,

Starting point is 01:24:01 so we get to enjoy our life. It was 20. thousand on Uberie's. Oh, that's a lot. But yeah, yeah, whatever. That's a lot. We give away much more than 20,000 a month of fans and charity. Well, okay, where is that? I don't see it. I see travel 147,000. Last month, we did, we gave away three Rolexes to fans, which is via the jeweler. Then we gave away $10,000, so that, I don't know how that wire has been. And then we had to save the charity money because we gave away $90,000 in the game show. But next month, we have $295,000 budget to spend on either... How?

Starting point is 01:24:38 How? How? How? Because I make good money. But not this month. With that video, you're going to not even break even. Yeah, yeah. But, dude, I'll find a way.

Starting point is 01:24:47 I will find a way... Doesn't make sense. I don't get a... Okay, either way. The point is, we have $295,000 getting, going to... We would like to build a school, but we don't know. It might be me. It might be you.

Starting point is 01:24:58 I don't know. Huh? It's not me. Literally just start. Either way, the point is that I don't need to, like, super have it mapped out. Like, if I need to sell a car to get it done, we will. But I don't think, like, I feel like I might win gambling at some point soon or something. We'll find a way.

Starting point is 01:25:18 You could. I offered to not. I don't need to win $300,000 for charity. Okay, good. Give me your house or I'll do $300,000. What? That's a horrible. Okay, no.

Starting point is 01:25:28 Next topic. Fine, 500. No. How much you need? Dude, I'm not coin flipping the house for, it's a tour. and a half million dollar house. Okay. 2.5. I don't know if you're serious about this.

Starting point is 01:25:40 I feel like you're just saying that, but I don't know if you would actually flip me two and a half million. No, I couldn't. Why not? I feel like you have a lot of money. I do okay, but two and a half would actually be devastating. Okay, well then, on to the next. So probably not as much as you think. But Chick-fil-A, Uber,

Starting point is 01:25:56 because I haven't been doing this that long. Chick-fil-A, Uber-Eats, Amazon, Amazon, Amazon. This is the girlfriend, by the way, Uber-Eats. She's not a fat fuck? No, she's actually famous for being jacked and a model. Okay, I guess she's just getting protein bowls every second of her life.

Starting point is 01:26:11 I don't know how she, what the fuck she's doing with the... Amazon, Uber, Uber, eats, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon. Yeah, she likes the Amazon. What is this? Tau reed-Popo. $1,200.

Starting point is 01:26:27 Tau-Reed-Popo? That sounds like a restaurant. Uber-Rits. J.D. Sports. Ubreeds, U-Breaths, U-Breaths, U-Breaths, Uber Eats, Nobu Hotel, 500 bucks there, no boo hotel. Who breathes, who breathes? Who breathes? Who's this next person? Who's that? Oh, yeah, this is Gerdmelerd manager.

Starting point is 01:26:45 This is Gerd. Okay, your money manager. It's about to get reamed. Yeah, 3,150 on flights plus another 544 on flights. That's like booking shit for me because he takes care of all that. Uber eats, Uber Eats. Is that for you? I don't think so. Delta, 742. Also, you got your, you got flights. You got flights on your own section. Why does he need to get additional flights?

Starting point is 01:27:09 Flights, 464. When I did the game show, I flew everyone out first class that participated. Flights 464. Soku, $576. Soku, $5,100, money manager. I don't even know what that is. But, okay, I feel like you are looking through this, like, you give it like, Soku, are you sure?

Starting point is 01:27:30 Shoku, are you sure? Shoku, $2,000. This is your money manager spending $7,000 on Turkey? Oh, yeah. That was a dinner. It was $14,000 total for the chef to come to the crib and make his food. But either way, I told him to do that. Either way, if he did. Wishing you could be there live for the big game, soaking up the atmosphere in a crowd.

Starting point is 01:27:49 But too often, life gets busy. Or the price holds you back. Price Line is here to help you make it happen. With millions of deals on flights, hotels, and rental cars, you can go see the game. Don't just dream about the trip. Book it with Priceline. Download the Priceline app or visit Priceline.com. Actual prices may vary.

Starting point is 01:28:11 Limited time offer. I don't give a shit. You can do whatever he wants. But you're looking at me like, show cool, right? Yes. It's chill, dude. What's the big deal?

Starting point is 01:28:19 It was an awesome dinner. It was fun. Do you like hate crazy new experiences? Would I spend $40,000 again, dinner again? Yes, you will. Yeah, and it's like, sure. Why not? It's chill.

Starting point is 01:28:30 Like, I am not financially devastated by that, and it was a lot of fun. And I like, it was like a lot of, I had my lawyer there, and I wanted to treat him well because he's the best and whatever. So he has to get you out of jail all the time? No, but if I went to jail, then he would be the warm. Yeah, but I don't think that you go to jail for that in this day and age. Yeah. Yeah. This prescription.

Starting point is 01:28:55 Prescription. They have that. Crystal. Amphetamine. It's very hard. to get the prescription. Uber eats. Airlines. Airlines, airlines, airlines, airlines, airlines, airlines, airlines, airlines, airlines,

Starting point is 01:29:07 Amazon, Amazon, Tempest, $2,800 on Tempest, whatever that is. Airlines, Amazon, exotic finish detail. $480. Uber, Amazon, Uber, Uber, Uber, Uchiko. Again, flights, morning star pools? You have a pool? Pool cleaning? Maybe that's what that is.

Starting point is 01:29:25 Lowe's. Envanto, Conjay. Love sack. You got some couches, $1,200. Damn, those were not worth it. Oh, airline, airline, dude. Uh-uh. Airline. Airline bag. Airline. No boo, Atlanta.

Starting point is 01:29:41 $21,000. Bro, why are you? It's chill. Because it's adding up. Because it's like every four days. We know that. It was far on like 300 racks or something. Bro, I like to treat Pugas.

Starting point is 01:29:54 Listen, for example, the trend twins came out to do my game show video. You know, the gig of viral ones. Island Boys? Gigaviral, Trent Twins. Awesome. They flew all the way Atlanta just to be on my game show. Are they the ones that? No, no. The muscular ones. Okay. Not the Island Boys. Trent twins. Either way. The point is, they went out of their way to go help me with something. Of course you're staying in Danube. They told me that a bunch of people, when they go out for a clap, they make them share a bed because they assume they're twins. You're going to share a bed. And it's like, bro, grown-ass-fion. Treat them without this. You get to treat them for like 5,000. No, no, no, it was for everybody.

Starting point is 01:30:31 Stiny, Bob Mennery, everyone that came out, stays in Nobu. Because, bro, they're doing me a favor. The least I can do is put them in Nobu if I have the money. I don't need to, what, I needed to say $5 million. Yeah, Delta, Delta, Delta. By the time I have kids, so I got 10 years to say $5 million. Or, I mean, do you guys, do you f*** bra?

Starting point is 01:30:49 Me? Yeah, with her. Is, uh, what you would call? IUD. Okay, IUD, guess what? We just had someone on the show. IUD, baby popped out. It can happen.

Starting point is 01:31:00 But what's the point with that? Oh, then I have a child. No, not in 10 years. Yeah, but then it's like what? What do you say, 50,000 a year? How about this? How would I just don't do one Airbnb this month? I won't do one Airbnb if I get a girl pregnant and then we'll set that aside.

Starting point is 01:31:14 It'll go somewhere else. But Uber eats, summer moon, bail bonds, bail bonds, bail bonds, bail bonds, bail bonds, bail bonds, what the fuck is this? Because the game show. The game show. The game show we just filmed. Bail bonds? We had to bail out. people from prison. Dangerous people? Petty crimes. Oh, thank you. No, I mean, they were pretty

Starting point is 01:31:34 people like aggravated assault, armed robbery, battery. Well, I'm glad they're back on the street. That's what this country needs. Well, brother, they weren't convicted yet. They were just in one of the worst jails in the world because they were black. I don't, I won't stand for that. Okay. Me and the black community are like this, bro. It's not about being black. Every place that just lets people on the streets with no cash bail are the most dangerous places right now. Oh, really? You just incentivized that. Yes, really.

Starting point is 01:32:02 Dude, you know what? It's like, I thought they were good people, you know. Glad you thought so. He armed robbers. I wish the jury could have decided and said. I think everyone deserves at least, you know, why is it guilty until the innocent? It's not, but they're off the street for risk. For risk.

Starting point is 01:32:19 They're off the street for risk. They were saying every single day in that jail, somebody was getting stabbed. So, bro, you got to understand that it's, bro, they're not bad people and they're not been proven to be bad people. So I'm going to give them the benefit of the doubt. And if you did arm. robber somebody, bro, I think you deserve a second chance. Eventually, serve your time. Yeah, yeah, exactly.

Starting point is 01:32:36 Okay. But you're talking about the- animals, bro. There are people like arrested. No, it is not. They got to be in the jail because they're going to commit more crimes. That's what the, that's what I got from that. That is a bad take.

Starting point is 01:32:47 That is a. That's what you just said. That is a, no. It's because you're trying to moral masturbate it. Every single time a policy like that has been enacted in a city, crime goes up. Repeat offenders that are released. cat immediately release. It's catch and release. It never works. It's been proven.

Starting point is 01:33:04 They had to revert that in San Francisco because people were getting hurt. No idea what you're talking about right now. Why do you try to moralize it like a high horse moral? Well, you have to have some consciousness to every decision and sure it's one. I at least I was thinking before I made decision just because you think you have this or did you want to make content? You just described them. Obviously what are you talking about? They're on a game show. I have. them at gunpoint to put on the game show. So don't try to moralize it.

Starting point is 01:33:32 What are you talking about? I think there's still, I'm, bro, I wanted them on the game show, but I still wanted them to, like, I can still think. And why aren't you doing that instead of 20,000 hours a month in Uber East? Why don't you bail out people all around? I have to give away money to, like, kids in Africa and shit. That's where we're trying to build a school. It's actually South America.

Starting point is 01:33:48 You're doing one of the school things. Why is every YouTube trying to do a school? No one's able to do a school. Yeah, no, we're not actually doing the school. Yeah, the school is too hard. The school is not actually doing that. That's an umbrella term. We're doing 300,000 for the school, whatever.

Starting point is 01:33:58 We have to sprinkle it around, right? We did this for the convicts. Then we're doing this for the kids. Whatever. Moral masturbation or not. Content. I have, I don't think they're bad people. You said, catch and release.

Starting point is 01:34:09 Bro, I don't think they're animals, dude. No, it's not about animals. It's about any time that it's been enacted. You think you're right doesn't make my... Well, the statistics are right. My opinion on it. There's a flow of logic that someone on the planet... It's moralizing.

Starting point is 01:34:25 Okay, sure, whatever. That's my flow of logic. it led to the moralization of these people. I feel like everyone's done stuff that would land them in jail. For example, I've had tons of go to jail. Why didn't I go to jail? Maybe you should. Because I got lucky, bro, and I don't think I'm a bad person.

Starting point is 01:34:39 Maybe I should. I don't think, I don't personally think I should go to jail. No, I'm not saying that either. But there is a reason why we don't arrest someone for a crime and immediately make sure they're out on the street. What do you want me to say? Okay, you're right. I shouldn't have bailed them out?

Starting point is 01:34:52 No, but when you moralized it's saying that it's like bad to not catch and release people. Oh, well, no, no, no. I'm saying that's not, I'm saying I empathize with these specific people. You can empathize with them. I also empathize with the people that the crime was committed against, especially violent crime. Hmm. Hmm. Delta, 496 plaster. Yeah, I mean, airlines galore with this. Yeah, I'll just keep going to this. Adds up. Cleaning. Yeah, you should probably clean that place. Is your guys place is nice and clean your house? Your house? I don't know. It's clean enough. Okay. Well, you got cleaners. You're paying a lot for it. Okay, 56,000 hours owed on your ASEMR. That's the only car that has debt on. That's a Huracom, yeah.

Starting point is 01:35:34 Okay, do you know the interest rate? No. If you called Gerd, would he be able to tell you? No, because he didn't get that loan. There's almost a 0% chance we can find out the interest rate. Unless it tells me on the app. It would tell you on the app. Oh, here.

Starting point is 01:35:48 I'm sure I could click around. Do you even know your monthly payment? $3,000 maybe. Hey, your business checking account is $50,000 years, has 4,000. You have 100,000 hours in CDs. Yeah, they made me do that because I... Well, it's a shitty return on investment,

Starting point is 01:36:05 but it's harder for you to touch, so that actually might be a good thing. Yeah, it's every three months that I can touch it. The interest every month is $900. It looks like... Well, actually, I don't know how this works. When did you get this loan?

Starting point is 01:36:18 Maybe like a year ago. Okay, 900 of interest accrued last month. Oh, but some months are zero. I don't understand how this is working. Oh, because it's... I pay ahead. Whatever. I don't know what that interest rate is.

Starting point is 01:36:32 But yeah, maybe I got it 10 months ago. Dude, I think it's like an 18% interest rate. Potentially. That's horrendous. Just pay this off. That's horrendous? It's really bad.

Starting point is 01:36:41 Just pay it off. I heard it's good for my credit. To pay it off slower. Maybe. Why do you care about your credit, though? You already have a house. What are you trying to utilize credit for? I don't know. Pay it off.

Starting point is 01:36:50 You're using credit cards already. That's good enough for credit. If it's an 18% interest rate, you're just losing money. If it was four, it would be a different conversation. That's what I think it is. Here's a thing. It's like, this is my thought process about it.

Starting point is 01:37:02 I don't have to, like, dude, $2,000, $3,000 a month, what's that? One dinner? So it's just like put that towards the car or whatever. They've got to worry about it. Well, why not just pay it off? What is the actual argument? Because I guess the answer would be I've never thought like,

Starting point is 01:37:14 okay, let's pay this off. But just like, whatever. Okay. Okay. So, I mean, cash flow. Yeah, your average quarterly in was 1885. But your average quarterly net cash flow because of expenses is about $6,800. Yeah.

Starting point is 01:37:27 And listen, I have a hundred. 169,000 hours of Pepe. What's it at now? Oh, why? We invested more into it. How much? But it's down. Here, I'll show you the account. It's emergency fund. Here, it's 310,000. Okay.

Starting point is 01:37:43 But it's down, whatever. You know, it's not important because it should go to the moon eventually. Maybe this podcast will send it to the moon. Pepe? Go by Pepe. He told his financial advice from the Caleb Hammer. Okay. Okay.

Starting point is 01:37:56 So I think that's, is that everything? Is there more? I don't have your mortgage. Bro, I don't have my mortgage either. Who the fuck knows how that work? And you can't tell me adulting is easy, bro. It doesn't make any sense, bro.

Starting point is 01:38:07 The shit is so fucking. I don't understand how anybody gets anything done. Because a realtor would tell you if you just talked to one, like if you just did that. Okay, here, type in your current address. How much is just thinking you say it worth? Market value.

Starting point is 01:38:19 Oh, dude, we are getting smoked right now. How much should we pay for that? It's not a good market right now. Oh, really? It's okay, you might. Well, how much did you pay on this? I thought it was 2.4. but maybe I was wrong.

Starting point is 01:38:30 Because we got appraised, we paid 100 less than appraisal. Oh, yeah, well, appraisals, yeah, I don't know. Not only are you in that neighborhood, you're far down. Oh, my, it takes a, it's just to get out of that neighborhood. Dude, I'm sorry. It's a horrible place to live. Dude, bro, I feel like living in a... What a mistake.

Starting point is 01:38:53 I never once been like, holy fuck, this is a mistake, bro. But, okay, okay. next time I'm all consider that I don't buy the crib oddly enough in the end this is all simple your mortgage is probably fine he's making your payment

Starting point is 01:39:08 the car I would I would pay it off okay I pay it off but even if you don't I'm not killing myself I have two things I want you to do two things I want you to do this isn't a budget because you don't have a normal budget it's not making a budget

Starting point is 01:39:24 yeah okay because I did actually come here to learn about this. No, I got you. I think this is going to be a big takeaway moment for me, unless it's ridiculousness, but I think you understand where I'm at enough, so it's, uh, it will be a digestible solution. Unfortunately, I'm just putting down two numbers. And you're almost there. I want you before the end of the year to save up $6 million as close as you can. And do not touch it. Your CDs are 100,000 hours on the way to it. You got 300 in Pepe. I just want this. and this is what you're going to do

Starting point is 01:40:00 you are going to get with, they're actually YouTubers, but they're financial advisors. They manage my money with their abound wealth. They're very good, very trustworthy, very good people, legitimately good people. Call the money guy, not a sponsor,

Starting point is 01:40:16 but they're going to do this for you. But you're going to give them $6 million throughout this year. They will manage your investments and they will manage your emergency fund. So you can't touch it. So you can't touch it. That will grow so you have something to realign. Do I get to touch it?

Starting point is 01:40:33 You can get to touch it. If everything goes to zero, you can touch it. None ever go to zero. Well, then you never need to touch it. Then I'm just pissing it. Okay, I agree. You're not pissing it away. It's gaining 10% a year for the rest of your life.

Starting point is 01:40:47 But it's gaining fall if I can't touch it. If I die with $70 billion, then the fuck just happen there. No, no, no, don't give me wrong. I mean, touch it around like 40 or 50 or something. Oh, okay. They can help you do a safe withdrawal rate. but that's what I want you to do. I'm going to literally email you my guy.

Starting point is 01:41:04 I'm going to put us on an email together, like legitimate, you know, whatever. He's really good. His name's Carter. He's like the top dog there. And the goal is to get you $6 million by the end of the year, which you can do. That is not complicated. $6 million for you. It's just a little management in different places.

Starting point is 01:41:22 Have Gerd. Gerd Malerd, have him put that money aside. Make sure there's, okay, we have... Okay, well, I'm trying to understand where it comes from. Oh, yeah, let's call it nine months left, okay? And we're just trying to do $6 million in nine months. It's a lot. $66,000 a month.

Starting point is 01:41:45 Okay, maybe it's a two-year process. It's a two-year process. You're going to do... I'm trying to understand. Yeah. I feel as if, personally, it would be more worthwhile to, since I'm so young, put the gas on a pedal, and invest into my brands, like,

Starting point is 01:42:00 my supplement brand or my clothing brand, wouldn't it be a better return to go all in on that than capping myself to 10% at such a young age? I can't say it's a better return because we don't know what the return's going to be. And that 10% is average. It's 10 to 12. You'll get 30% one year, lose one another year. Okay. Listen, no, no, no.

Starting point is 01:42:19 This feels like a lot is all I'm saying. It is. It is. So here's what I say. Let's come to a compromise. 300,000 hours a month for the next two years. And that'll get you there. At least you set up for success.

Starting point is 01:42:29 because you might change your mind in the future. Would I get there if I did $200,000 a month for two years? $200,000 a month for two and a half years, maybe. Oh, okay. So assuming, we've talked about this. I think I'm going to the moon, whatever. Yeah. Let's just assume for I would like to, I'm confident for the next four years,

Starting point is 01:42:49 I will be able to make, I will be able to invest into this. If I did $200,000 a month for four years, I would be totally giga good. Yeah. I can do that. Okay. So here's how I would try to do this. So let's say an average of a million comes in a month, right?

Starting point is 01:43:05 Okay. Yes? I gamble way too much. It's like literally minimum I would never make less than at this point in my life, $800,000. $800,000 comes in a month. Love it. Times 0.7 because you're setting 30% aside for taxes.

Starting point is 01:43:21 Have you paid your taxes? No, Amanda's doing them. Okay, you pay your taxes. Good. So you actually have $560,000. left a month. Yeah, but then your business expenses. So actually, no, no, no, your cost, okay, no, no, no, we start with 800.

Starting point is 01:43:39 I'm going to say, spend 400,000 hours a month on business, wherever you want, reinvesting, new YouTube videos, whatever. So that's 400,000 hours a month profit times 0.7 because you're setting 30% aside. You have an extra $280,000. Just for even two years, have fun. outside of content with $80,000. A month? Yeah.

Starting point is 01:44:08 All right. Well, I have fun in content for 400. 400 you can spend a month. Yeah, yeah, yeah. I see. I have fun in content in business. I mean, clearly you were able to do it. You were able to put a lot of money into that crypto right there.

Starting point is 01:44:21 So you're able to put money in it. Yeah, yeah. Yeah, that was, yeah. Okay, so here, 800,000 comes in. This is how we're going to try to structure it. And GERD is going to try to structure it. like this, and then you are going to meet with my guys, and they were going to set you up for success. $800,000 comes in minimum.

Starting point is 01:44:37 You spend $400,000 on business content reinvestment. Very good. Then you got $280,000 after taxes left, because that is business expenses. You don't have to count that against your taxes. Oh. Okay? This is next level, bro. Barely, this is five numbers.

Starting point is 01:44:53 $80,000 is spent on life. That's pretty good. That's good. $200,000 goes to the wealth advice. answers to make sure. Okay, and then so say we do 800 minimum. If I make more, say I do a million and a half a month. Blow the rest.

Starting point is 01:45:09 Oh, this is a night. This is dope. I actually can get behind this. That was a well put together. Let me see that. Okay. I'm just trying to, whatever it gets you there. This actually is making an incredible amount of sense.

Starting point is 01:45:21 When you put it like this, uh, 400,000 on content in 80 racks to, so 500,000 just to like chill out. But you can't spend a million on content like you did last month. Well, yeah. But yeah, but I, that's not the goal to spend that much every month. But I wanted to try something new. And if it turns out to be good, then maybe the content budget is just going to have to go higher in the pursuit of bigger career, whatever. Or we find ways to make it cheaper.

Starting point is 01:45:46 But the point is, that's not consistent. I'll say this, 400,000 hours on content. If it costs 500, it needs to bring in an extra 100,000 than it did before. Yeah, yeah. I understand. I think that's going to be the only disconnect we have here because, I'm okay, just like, you chucking a risk and it's all right. But not with this.

Starting point is 01:46:05 I need you after taxes to have an extra 280 a month. Anything can happen before that. If we do this, most of the time, it's chill. Like, if I hit this eight months, I'll be stoked. Okay. Because that's still good money, bro. It's a start. It's a start.

Starting point is 01:46:19 Bro, I don't know what the kind of caviar my kids are going to be eating. But, bro, that is expensive 200 racks a month. Yeah, no, no, no, it is. But for your position, unfortunately, it's not. Yeah, yeah, yeah. Okay, okay. This is very well put together. I think I am going to try and do this because that's dope. Okay, will you meet with my guys?

Starting point is 01:46:38 I'll meet with your guys. But here's an interesting thing. For real life. But also this is not for content. My mom wants to invest my money because she thinks it's fun. No. But she's bored and retired. Okay.

Starting point is 01:46:54 We got to throw her 100,000 a month. Make an extra 50 and give it to her. But you need 280,000. Oh, that's a good idea. The winning money will go to my motor to invest. This guy will go to the pros. Like I said, anything extra you make, you do whatever with, man. You do it.

Starting point is 01:47:06 You said this place was steps from the water. We just haven't found the steps yet. How much did we save? Enough. Enough to get lost. Or you could book a stay with Hilton. Welcome to your ocean front room. Just steps from the water.

Starting point is 01:47:23 The Hilton sale is on now. Book on Hilton.com or the Hilton app and save up to 20% to get the stay you exceed. When you want savings, not surprises. It matters where you stay. Hilton, for the stay. I actually feel like hella smart right now. I think this is going to, I'm going to be the richest person ever.

Starting point is 01:47:40 Just make sure enough is put aside for the taxes. Okay, dude, listen, let's get your hammer financial score. Then we're going to go to the potion and let your poor employee confront you. Edward, but get him up here, bro. Yeah, I will. And have a pair of balls, too, just because he pays your bills and keeps the roof over your head. I don't pay his, I bet, give him $1,000. Is he allowed to speak out without consequence?

Starting point is 01:47:59 Dude, would he be afraid? Anything that he wants and he wouldn't be afraid because he is a grown ass motherfucker, dude. It's not like fully grown, dude. Just because his skin glows better than yours don't mean, bro, that's what you want, is you want the GHKCU, the... He just hasn't done any adult things, but I get it. Yeah, yeah, yeah. Okay, spending in a budget, I mean, listen, you didn't spend more than you made and some went to invest in it was Pepe. It's not great though.

Starting point is 01:48:23 The money went to insane places. Four out of ten for that one. Your debt's not that bad. that bad. I mean, for your income. It's obviously, you got a mortgage. It's going to be a seven out of 10 because it is a high-in-strait car. But for your income. Emergency fund, there is no emergency fund, zero out of 10. Retirement, would you consider the pepe? It's not how I would do it. But for your income at your age, is actually a really bad amount, one out of 10. Real estate, it's probably mid at like a five out of 10 because I don't know what rate you have. You would assign to any rate,

Starting point is 01:48:55 and you probably are underwater currently. Listen, Hammer Financial, score 5 or 3.5 out of 10. It'll be hired before you know it if you actually follow this. Get yours at Calebhammer.com. We're going to go into the post show. His employee is going to confront them and who knows what else we're going to talk about. An extra 20 minutes plus three premium shows posted every single day, Monday through Saturday. Click join Hammer Elite.

Starting point is 01:49:16 See in the post show. Okay. We could do something small and fun. We could do like 10,000. That was your limit. I'll do 10. Oh! Let's do 10,000 dollar coin flip.

Starting point is 01:49:26 You have my word. I'll wire you today. Yeah, same. $10,000 coin flip. Hammer Elite is the best YouTube membership on the platform, and I just upgraded it. Three exclusive dedicated shows every single day, Monday through Friday. Join with the link in the pin comment or description below. This is the best membership you'll ever join.

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Financial Audit - Togi Is Worth -$10,000,000 | Financial Audit

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