The Chris Voss Show - The Chris Voss Show Podcast 259 Daniel Ameduri, CEO and Founder of Future Money Trends

Episode Date: January 18, 2019

Daniel Ameduri, CEO and Founder of Future Money Trends

Hi folks, Chris Voss here from thechrisvossshow.com thechrisvossshow.com Hey, we're coming here with another great podcast. We certainly, guys, appreciate you tuning in. Hopefully, you guys saw the really cool CES 2019 interviews from the CES show. And, I don't know, maybe you found some stuff that you want to buy some people for Christmas next year when it comes out. Anyway, we've got another great podcast here with you. Be sure to go to youtube.com forward slash Chris Voss.

Hit that bell notification button. Tell all your friends, neighbors, relatives to go listen to the Chris Voss show. Of course, you can find us on Spreaker and on iTunes, Google Play, on iHeartRadio, and Spotify. So definitely you can find the server that you want. So we've got another wonderful guest, and as always, we have all the best guests. Today is Daniel Amaduri.

He is the co-founder of the Future Money Trends Letter. He's a self-made multimillionaire, a full-time fact-finder, and a proud father of three. And he launched in 2010, FutureMoneyTrends.com. It became the first personal finance letter for the new economy. Today, it's been most widely recognized authority for financial freedom and economic research in commodities, cryptocurrencies, personal finance, cashflow, and income ideas. Welcome to the show, Daniel.

How are you today? I'm doing great. Thanks for having me on the show, Chris. Awesome, Sauce. I watched a few of your videos, checked out your site today. Pretty cool. Can you give us the plug on your website? Yeah. FutureMoneyTrends.com was started in the middle of my wife and I trying to become financially free, financially independent. So today, the site is more than due now. It's the journey. Half of it was what we did. And now the other half is what we're doing now, post-financial freedom. What are we investing in? What have we discovered? What have we learned that perhaps might not have been known to us being raised in the middle class?

Yeah, I was reading your website and saw your pictures. You're traveling all over the world this last year. I think it said you took about 120 days of vacation. Yeah, and we did about 10 countries this year with the kids, and it's been great trips too, by the way. Though I'm not Catholic, I got a chance to go to the Vatican with just the security guards. Wow. I have it all to ourselves, and it's thanks to the the journey that my wife and i started on about 11 years ago that's awesome i would declare myself like i don't know a pope or bishop or something when i was there i'm the new pope i got to see his elevator and it's um it was like this uh black walls with like this red dragon in it and i'm like guys if you're trying to avoid conspiracy theories don't have like the black elevator with a red dragon in it. I'm like, guys, if you're trying to avoid conspiracy theories, don't have the black elevator with

a red dragon be the Pope's elevator. Did the elevator go down or up? It went down. That could be bad. I've heard the Vatican has a basement. Maybe Satan's in it. I don't know. Who knows? That is kind of funny, though. I don't really see the Pope as a dragon sort of guy. Maybe there's something we don't know. Who knows? That is kind of funny, though.

I don't really see the Pope as a dragon sort of guy. Maybe there's something we don't know. He means something different. Who knows what it is? That would be funny if he came out. Maybe he really likes Game of Thrones. And that's, you know, he's going to get a dragon thing there. So you guys have a financial newsletter.

And I think you've been through kind of a journey on your website. It talks about how you went from near bankruptcy to become a multimillionaire. Do you want to give us kind of a summation of the journey there? Yeah. I mean, I was always fascinated with money as a child. Got into finance at a really young age, like 13 years old. Started reading all the Kiyosaki books. Bought into my first business at 16,

started buying stocks at 17, bought my first house at 18 to rent, had ultra like uber success from 2000 to 2007. Thought I was really smart, wasn't that smart, blew myself up completely down to a crisp to where my wife and I in 2008 were sitting in a bankruptcy attorney's office wondering what we were going to do. Luckily, we never filed bankruptcy.

But about a year after that, when she got pregnant with our first child, we really formed a plan to never be poor. It wasn't even to be rich anymore. I had let that go. I was like, I just want to, how am I not going to be poor? And that's the journey that we started in 2009 and ultimately led us to becoming financially independent, independent.

I think that's Nike's new slogan. Don't be poor, eh? The, uh, so you, you went on quite a journey. You guys have, uh, I guess your newsletter was one of the first to profile cryptocurrency at 13. Yeah, Bitcoin. So I guess early on, you guys really understood Bitcoin and cryptocurrency. You know, I wanted this letter to be something new. It was post-2008 financial crisis.

So I was like, where does the regular guy go where he gets the Dave Ramsey part, but he doesn't want to wait 35 years to retire or to be financially free. I want to do this in like five to 10 years. So I've got the Robert Kiyosaki and the Dave Ramsey, and then you got a little bit of the Peter Shipp in there buying gold and stuff. And all these came together and I created Future Money Trends. And I had a lot of young people in the office working with me near my house. And we, they were always telling me about cryptocurrency. Of course,

they were telling me Bitcoin at a buck, two bucks, three bucks. And finally, I begrudgingly profiled at $13. No, went all the way to 20 grand. It did.

That's pretty damn awesome. I remember holding it at 600, and it was kind of stuck there for a while. And I'm like, I'm just going to sell this thing until it starts moving again. And it went to 20 grand. And we actually got a chance to profile one of the very first mining companies for Bitcoin that went public. And that became a big success, too. And, yeah, we're heavily involved in in cryptocurrency market as a longterm investor, but it,

that's very speculative. People should know, you know, you don't, you're not willing to lose. How is mining doing these days? I know that I've seen huge mining farms that people have built. I don't know if it's still as popular as it used to be for a while.

There was kind of a gold rush. Yeah, no, it's definitely not for the little guy anymore at all. It's been that way for years. It's more of like the big Goliaths fighting it out. You've got Genesis out there, who's the largest cloud miner. They help people. You can still mine

from home just by using their services, but it's definitely not that profitable today. Some of these companies are mining Bitcoin for $5,000, $6,000 and you can sell it on the open market for $3,500. So it's not really a sustainable business plan. So when it drops, it drops at $6,000 if they mine a coin?

Sometimes. No, right now it's more expensive to mine Bitcoin than it is to sell it on the open market. You're better off buying it on the open market. Oh, for the cost of doing it and stuff. Well, that's crazy. I saw these huge Russian mining farms where they took over a mall and some giant place and just filled it with servers. Yeah, the electricity costs.

The nice thing is you only need like one security guard or maybe just security cameras and a fence and then you fill a warehouse up with computers but it is the keeping them cool and the consumption of electricity is off the chart yeah i bet that's gotta be it's gonna be something a lot uh and and i it looks like bitcoin is kind of going to be stagnant for a while. Do you see cryptocurrency being stagnant? Well, it's kind of getting beat up by regulations right now, I think, from China and stuff. Yeah, I see it, you know, for the next year, more infrastructure buildup.

The enthusiasm is still there with all the entrepreneurs. It's, you know, it had that mania phase, which in 2017 brought a lot of new people in the sector and a lot of new adoption. But there's a lot of things that need to be sorted out. For example, Bitcoin needs to be able to, at the very least, compete with Visa and MasterCard. And right now it can't. When it first started, it was very easy. I could send you a million dollars and it would cost five cents.

That's not the case. Now I can't even buy a cup of coffee for $3 without paying a dollar in fees. So it has the infrastructure part that has to be worked on it is being worked on i'm convinced by some of the smartest people in the world and uh it will be back uh but it might not be back till 2020 as far as uh where there's you know massive uh retail demand for it i had a credit card with my uh coinbase account i think it was called Swift. It was from another company. And they would allow you to do debit cards to your Coinbase account. Just like, you know, you just swipe the card.

I never did look at the fees. And I didn't spend that much money through it. In fact, I used it so much they canceled it because I wasn't using it. But, yeah, I never did look at the fees. I was probably getting charged quite a bit of fees from Coinbase. I'm thinking about it. And that'll be worked on, though. That'll be reduced.

Yeah, it definitely needs to make some huge changes in that. So you and your wife saved a lot of money and changed your guys' thing. What was the craziest thing you and you guys did to save money? So we get asked that question a lot, and it's kind of controversial, but we got rid of our dogs. Now, we did a lot to save money. That wasn't like the, you know, get rid of your dog and you'll be financially free. We left an area where all of our friends had $500,000 mortgages.

We moved and we bought a $92,000 house or $95,000 house in the desert of California. Prior to that, we actually squatted in a friend's house to save money for nine months because he's like, look, I'm letting it go to foreclosure. And I was like, since it's going to be empty anyway, do you mind if I live in it? And I actually gave a few thousand dollars. But the whole story is I gave him $3,000, lived in it for nine months. The bank knocks on the door and says, we'll give you $3,500 to leave. I was like, done. I actually lived there for $500.

I ended up buying a house for $95,000. She sold her wedding ring to pay off our cars. But at some point in time and getting rid of the tv and eating less meat we did have these two dogs that they were wiener dogs so they had a lot of back problems and medical bills oh wow and we just were like look this is like 100 to 150 a month let's get rid of them and we did we gave them to a great couple who took care of like they had like seven other wiener dogs with them so it was not a it was not a bad ending to the story. It was just probably the craziest thing we've ever done to save money. Adventures of wiener dogs.

Yeah. Sorry, I'm just picturing a whole bunch of wiener dogs. Yeah. Kids dream, right? You know, a bunch of wiener dogs running around the house. So you guys did a lot of that. You guys basically basically you know just just cut away the fat and focused on getting on your feet getting the basics done it sounds

like a lot of this of course for for our listeners this probably happened during the the the bust of the housing bust and yeah a lot of people uh in empty homes i remember in my home or my street up in the north of here in las vegas uh every third home was occupied so the whole street was like maybe 20 people out of like 50 homes or something and uh you go out at night and you hear this chirping like crickets only it was all the fire alarms whose batteries had gone bad, and they would just all be chirping down the street. And that's how the squatters actually that would break into homes and live in them would know which houses were empty

because the fire alarm batteries were dead and chirping. That's incredible. Yeah, no, I remember those times, and it was during those times, 2009, 2010, is when all this is happening. And, you know, in hindsight, I'm so glad we did it. It made us tougher, and it made us, like, we feel like even if something happened to us now, like, it wasn't that bad. We were still together.

We're still eating, you know, Thai food on a Friday night, having a good time together. Though we had, you know, we had jobs, so that sucked. But, you know, it was still, we loved each other. We had a good time. And we learned that we can live off of very, very little. And sometimes going through those troughs, those downward things and living through it, you get to the other side. And you're like, okay, we can do this. And, and, uh, um, sometimes, you know, how bad it can be probably makes a relationship stronger or whatever. Cause a lot

of people separate when finances go down and a family gets in trouble. They just, they break up and blame the other person. And, uh, you know, at least that way, you know, you can get through some very tough times together. Yeah. It certainly made us much more financially conservative so we've always talked about how our income uh usually lags our or excuse me our lifestyle lags our income by about two years so even when we become millionaires past the point of financial independence a millionaire doesn't mean you're financially i'm talking about my definition of financial independence is when your passive income investments pay for your lifestyle. But even at that point, I was still driving a 2003 Nissan Altima in 2013, being a millionaire, being financially independent, but still being frugal. And later I moved to Texas, and then I bought a better house.

But still, mindset was to save money, to get most bang for the buck by leaving California and living in another state. And it's still, it's still that way. So even when I spend money, you know, people probably think, man, he just must've come into money yesterday, but actually it's that I'm just now feeling more comfortable spending a little bit more money. Yeah. Well, you know, that's, they say a lot of millionaires are millionaires because they're frugal and they save money and they're miserly about it. And, I mean, we spend so much money on so much crap that we don't need

and, you know, buy things to impress people that don't give a damn about us, according to Flight Club. So in your newsletter, you also recommend for retirement or for savings, put some of your money in gold and silver and I guess some in cryptocurrency then. I put a little bit in cryptocurrency. Very speculative. I like gold for a lot of reasons. So a lot of people will tell you like financial advisors put 5% to 10% in gold,

but then they never do it. I like gold a lot because going will tell you like financial advisors put five to 10% in gold, but then they never do it. I like gold a lot because of going through the financial crisis and also talking to other investors who dealt with different things or business owners with the government. I think it's good to have some safe physical currency like gold off the books, outside of the lawsuit world, outside of the IRS being able to freeze it overnight. I like the idea of having some money just out of bounds from the government and perhaps third parties that might want to sue you. There was a guy here who's super rich in Las Vegas. And he actually got like one of those big, I guess it was one or two of those big cargo containers that they have on the ships. And he filled it with silver and they buried it

like in the middle of nowhere. And they built a city around it. And one day he wanted to go have someone go check and make sure the silver was there. And they went over to take it up in the car. It's like, what the hell's going on? he wanted to go have someone go check and make sure the silver was there and they they had they went over to take it up and the cops like what the hell's going on it's like a whole big thing of silver so i guess he figured the irs wasn't going to get to that yet no that's funny i'm burying it uh but i i would suggest there's brings has plenty of programs all around the world where

you can store with brings so you could store some at your house but definitely physically have it on you. And again, it's financial insurance. I don't buy it because I want it to go up. I want Disney and the Dow to go up because that means life is good. If gold goes up, that means life, probably something's wrong.

So ideally, I'd like the gold to stay where it is or go down even. It's really an insurance policy. Just an insurance policy for if the markets turn and you've got some gold. It's always good to have. You can trade it with the zombies and the zombie apocalypse. Yeah, or just have it. It will have value post whatever happens, right?

Like if something happens with the dollar, okay, it's not like the United States just goes away. There'll be a new currency. We've had like $5 already, so a new dollar, and then gold will be able to trade in for the new dollar. We've had like $5 already. So a new dollar and then gold will be able to trade in for the new dollar. It'll be interesting to see how that all pans out. How do you know

when it's time to buy a stock? What do you recommend there? Usually what I do is kind of just throw a bunch of stock tickers in the hallway floor and see which one the four-year-old picks up. And that's where we go.

We go all in. Look, people buy stocks for different reasons. If you're buying stocks for the long term, I think you just want to buy a stock that's a great business. And I usually ask myself, will my grandkids do business with this company? And so then I feel great about buying a company like Disney or Budweiser, something big, something safe, something that dominates their sector. I think that's the volatility you cannot protect yourself from. But what is safe and what is not safe? What is risk?

Well, can Disney go from $110 to $50? Yes. Is Disney going to be around in 2030, 2040? Yeah. And there's a good chance they'll still be the dominant brand in what they do. Yeah, I mean, anything they want, they just go buy it. Dude, I mean, Amazon

for a while there when they were trolling our market, I don't know why they weren't just scooping up all these great businesses. Like, they did Whole Foods, but why stop there? I mean, they could have just scooped up $100 billion of the companies that are, you know, huge brands But I don't know maybe maybe because he knew he was gonna get divorced

Lose half as well. So it was he's like I better not spend that money Yeah, and then she's a co-founder. So maybe she was like I don't spend that money. I'm gonna leave his ass Seriously, look at it who wants to keep this guy guy? I'm sure Jeff Bezos is a nice feller. So this is a good question. Why do you believe retirement is a scam? Well, you kind of opened a can of worms there. So it is a scam, to be honest with you, in my opinion. First of all, it's not been around as long as most people think it has. There was some sort of pension system for like Roman soldiers that died off. In the 1850s, there was a German one that died off. American Express

finally created the first one. And then there was some sort of a retirement program, but only the last 100, 150 years max you could make that case. But now, just like the top of any pyramid scheme, it works for the people who first try it. So great. Congratulations to everybody from the World War II generation. Since then, it has not worked. And it's really not working for most people. And it's even become a misallocation of time and energy because Wall Street is raking it in on fees. And you're deferring all your life enjoyment for when you might be financially free. My thing is, why not get rid of the whole damn idea and just focus on becoming financially free?

Or instead of financing everything, live a sustainable lifestyle right now. What's stopping people from living the retired lifestyle in their 30s and 40s? It's that they adopt the life script of financing their home, financing their cars, overpaying for everything, and assuming that financial independence is not something to be

achieved until you're in your 60s. Yeah. That's what a lot of people do. That's me. I don't know why. Yeah, that's what a lot of people do. That's me. They think they're going to have a lot of money at the end, or they're going to be able to live on it. And a lot of people, when they retire, they find out there's not as much money, and they find out there's actually some taxes when you retire. I think my mom or somebody I knew that retired, they were screaming about, what what there's still taxes i thought this is all untaxed yeah well that's one of the things even

at 16 years old i remember at my home ec class they were talking about how you get to defer your tax on the 401k and then withdraw it at the lowest tax bracket and even at 16 i was like wait a minute wait a minute when i'm 60 i better be in the highest tax bracket. I am not going to be poor when I am 60. You know, like, why would you ever have the goal to be in your 60s in the lowest tax bracket? I get it. We won't want to pay less in taxes. But why is that the plan? The only way to be in the lowest tax bracket is to be impoverished.

And that is just not a good plan. It does save you some money on taxes, though. Taxes when taxes are historically at their lowest, they've been since 1930. Can you believe that? I'm so sorry. My wife's phone must be paired up with this device. So anyway, but yeah, no, look, I wrote you can pay 35 percent now or gamble with whatever the IRS tax rate's going to be, and who knows from now, right? It could be 70% as far as we know. Yeah, evidently we have a $2 trillion deficit, I think it got announced there recently.

We've added two more trillion to our deficit. So I'm not sure how we're going to be paying for stuff in the future. We're going to have to get some really high end, high interest, high risk credit cards or something. Yeah, no. Honestly, you think about the United States with how much it consumes and how much people think it's normal. I am so sorry.

I don't know why this is a protocol. Not to go away. You know, with the United States, everybody thinks that's normal. Well, that's just like our lives it's not normal like they talk about all these entitlement programs or social security stuff they're not sustainable now when you're borrowing a trillion dollars of debt that is not a sustainable situation for any country yeah and they and they and they've they've used the money that was put in the social security system. So they've already spent it.

So we're borrowing against money to pay people back for a retirement program. So it's going to be pretty interesting. Did you make most of your money in real estate, though, in your comeback? Or was it a mix of everything? I think my passive income, I don't know what to do about this phone call. It just will not go away. Sorry. The computer slipped hooked to my wife's computer, or the phone is. Okay. So most of my passive income was made in real estate, almost exclusively, from buying rental properties,

from buying honorable carry, because I blew up my credit in 2008. And so now today, I would say most of my money is in chunks in financing startup companies, which has become a big hobby of mine, something that I passionately enjoy and love to do. But even when I make those profits, I take it and immediately put it in some sort of real estate connected market, either private REITs through crowdfunding rental properties or buying real estate notes like first trust deeds, but usually not myself, like in a fund. I've been seeing a lot of crowdfunding for real estate lately. Crowdfunding is in everything these days.

How do you feel about that? Is it a pretty good investment if someone's interested in that? Yeah, I wouldn't throw it at just anyone. I love a few of them, like PureStreet.com. Its founder is Brett Crosby. He started Google Analytics. One of the seed investors was Dr. Michael Berry. He's the guy who played Christian Bale in The Big Short.

So I like PureStreet. They give you access to buy real estate notes. I also like Fundrise, another very serious group, simply buying apartment buildings and, you know, fixing them up and collecting the cash flow. So I do like the crowdfunding model, but I just would be careful because people are throwing their money at everything. And make sure you're just with very serious groups and just pick a handful of them. Definitely want to do your research. Maybe you want to read the Future Money Trends newsletter and subscribe to it at your website at futuremoneytrends.com, everyone.

So now when you did your real estate investments, was it only with seller financing? Since 2008, I have only done seller finance deals yeah because i blow my credit and i am not a paperwork guy and i'm not an organized person so the thought of like dealing with an underwriter and fixing you know forget it so i just did everything with seller financing that's how i purchased all the properties even my own personal residence. And I just started being on the other side of that trade. I've now done two where I become the seller. So are you, when you're doing the seller financing, you're putting your name on the title or are you,

are they retaining the name on the title until you pay them off? So on the buy side, you're just like any other transaction. The only thing that's different is the seller. If he owns it outright, the seller is your bank. That's who you make your payments to. If they don't own it outright, they still may be the bank if it's a wrap, if it's bigger than the current mortgage, or you may just make their mortgage payment. And I have that for a few of them where I literally just write the check into Wells Fargo on behalf of them because I've assumed their loan. But everything else is normal. Like as far as you'll go through a title company or an escrow company for California, the property is transferred to you.

You have full and legal ownership. There you go. There you go. So what's the best way people can get started on changing their life and changing their mindset? Or what would you suggest are some first steps people can take? I think the first step is to make that decision that this is what you really want. Because you're going to have to overcome the societal peer pressure of what's normal. So consider that, that no one else is joining you for this journey,

your mom and dad, your sister, your friends, your best friend, no one else is joining you on this journey except for your spouse. And so is this something you really want to do? Because you might look poor, you might have to opt out of some things that people are going to do in life. And it might be a life of three to five years of some serious sacrifice and some serious focus. So do you really want it? Because if you really want it, you have to choose that. And once you choose that, then you go through your life

and you start cutting the hell out of your expenses until you can slash it down 50%. 50% seems huge until you really consider moving. You're more than likely gonna have to move because you're probably not living in a situation that's sustainable. It might be sustainable to you because your whole paycheck can pay for your lifestyle. But you need half your paycheck to pay for your lifestyle because you're going to need to use the other half of that paycheck to buy things that send checks to your mailbox. Because all of your investments from now on are not going to be things that you hope to go up.

Your criteria will be things that bring a check to my mailbox. If I'm not cashing a check or if they're not ACHing me money on a monthly or quarterly basis, I'm not investing in it. And those are the three things. To make the choice, slash expenses, and start buying things that bring you checks.

Nice, nice. So make the choice slash expenses and start buying things that bring you checks. Nice. Nice. Yeah. Years ago, I bought a big home and I ended up regretting it after a year because I realized I could have bought four homes over on the other side of town for the amount that I paid for that home. And I could have rented out the three homes and then lived in the cheap and expensive one myself

and probably had a nice little rental situation going on. But instead, I bought this massive giant home and lived it all by myself. And I did that for several years and and just was like you know do i really do i really need all this and so i downsized and moved to vegas um but for a lot of years yeah i got wealthy and then i started buying everything you know bmws and all the all the stuff that i was i thought i needed to impress people And in the end, it's just like the fight clip says. It says you're buying stuff to impress people that don't care about you anyway. And there's a lot of stuff that you can learn to live without.

I mean, even when it comes to like a car. I mean, I could have a BMW or I can have a nice used car that doesn't require monthly payments and still works just fine for years. Especially for someone like me who's single and only drives it like once every four days. You know, I have everything delivered to the home and I'm able to work from home. So it's, you know, people don't need the latest Mercedes. And when you think about how much money you put into that, especially when it comes to pre-tax earnings,

because to spend $700 a month on your Mercedes, you've got to earn a whole lot more money that you've got to pay the IRS to be able to buy that car. And a lot of people don't factor that into their math. Absolutely. Yeah. No, I've done the same mistakes, by the way. I bought the C2s, I bought the brand new Tahoe when I was like 18 years old

I mean totally big stupid house I mean everybody goes through that and you know hopefully if anybody's watching this they have it and then they can you know kind of like pass the baton from us here you go don't make these mistakes yeah and you build your wealth there's a lot

like i said i i forget if there's if there's some books on or something but there really is the thing about frugal millionaires and people that are just miserly with their money and they don't spend it on on stupid stuff that they don't need to impress people don't care about them um i mean when you really think about a lot of the stuff that I used to buy it was just I really didn't need to live with I used to buy nice expensive gold nugget watches and bracelets

and I really didn't need them I was just buying most of them to impress people and I'm like why am I going broke to impress people sure and it's like when somebody buys a new car it feels great but you know what i think after the initial introduction of like look here's my car within three days it's just the damn car right you know the empty starbucks coffee

cup in there it's got some french fries between the seats meanwhile Meanwhile, you're stuck with the $700 a month payment, insurance and registration, all this stuff. People just don't think about, too, how much you need to pre-tax earn, how much you need to earn for that money. You have to factor that cost in. Because I'll have a friend say, well, it's only like $700. And I'm like, well, you're self-employed. You've got to earn about $1,500 to pay for that to pay for that car and like i didn't really think about that i'm like yeah you

gotta think about how much these things really cost especially you know if you have a a fairly expensive car with a loan on it you've got to pay for the full insurance and full comprehensive and all that stuff uh It all stacks up. I mean, maintenance. I remember my BMWs, there were some years I'd go in for the inspection and it'd have to have all new tires because of the way I drived. And there'd be things. I remember one year it was like $2,000 it took to get it registered.

And I was like, damn, this car is really expensive. All my BMWs had unleaded gas or Supreme unleaded you had to put in it. I remember thinking the first time I gassed it up, I'm like, I spent $60,000 on this bloody car, and now I've got to spend more in gas? Yeah. I know people in my life who have bought cars way out of their – where they shouldn't be, and then the window cracks and then apparently it's $2,500 to fix a BMW window normal four or five hundred on a Toyota you know

you just you just start throwing your money out the window there um so yeah I mean people people can definitely become millionaires being more fr, and just looking at the stuff they spend. I mean, it really makes a difference. So when people sign up for your newsletter, what do they start getting? Okay, so if you go to futuremoneytrends.com, and if you're interested in the cash flow ideas, go to futuremoneytrends.com slash cash. But the subscription is free.

It's an advertising-based website. So there are advertisements. There are advertisements in the emails. But all the emails are unbiasedased and the letter is what I write. So I only profile things that I'm investing in. And then half the letter is me sharing what I went through. Basically, how different things that I did to save money or different mindsets that are things that I might've picked up from a Tony Robbins conference or things I might have picked up from a Robert Kiyosaki book or what I learned from the biggest mistakes of my investing in life. So half of it is basically the journey that might connect with

everybody on how to become financially independent. And then the other half is what I'm doing right now. So if you're looking for a cash flowing investment, you can kind of look over my shoulder. Maybe it's right for you, maybe it's not. But here's where I'm actively putting my money. Oh, oh. So they can go through that whole newsletter. Do you do other advisory stuff or consult or anything like that?

Or do you just read the newsletter? No, so anybody can email me and I'll respond to them. I also do scheduled phone calls with people who, you know, they lay out their case and they say, look, I didn't speak to you. I've done hundreds and hundreds of calls. In fact, one of the first subscribers in 2010 that emailed me, called me, we developed a relationship. He now runs a letter just like Future Money Trends called the Wealth Research Group. And same same thing it's through his journey and different things he's doing so um you know i love engaging with my subscribers we did a paid subscription for a while but i felt like the paid subscription was holding me back from truly giving everybody what i wanted to give them because i had to save something so we actually got rid of that about two years ago and now it's all free and it's everything. It's brutal honesty.

Awesome. Awesome. And good advice. And you guys understand crypto too. I know a lot of people are starting to really invest in crypto and of course they want guidance because of some of the things that have gone up and down with crypto. So that's very good there.

So thanks for Daniel. I'm a jury CEO, founder of Trends, being on the show. You can get a free finance newsletter for the new economy from him. So be sure to check that out. Anything you want to part with us and leave us with, Daniel? You know, I would just say 11 years ago, my wife and I were sitting next to a bankruptcy attorney. And, you know, we just did a lot of focus and a lot of decisions that we had to do together.

And anybody listening to this, I have no doubt that you can do it. I bet you're probably in a better financial state than I was in LA. All right. Sounds good. Well, everyone check out Daniel's newsletter. We certainly appreciate him coming by the show. Be sure to hit that subscribe button on our youtube.com. For just Chris Voss,

refer to your friends, neighbors, family, relatives, and all that good stuff. We certainly appreciate you guys and we'll see you next time.