The Ebro, Laura, Rosenberg Show - 205.) Let’s Talk About Getting Money To Invest w/ Ian Dunlap (10/22/26)

Episode Date: October 22, 2026

Today on Ebro, Laura, and Rosenberg - Red Panda Founder & CEO Ian Dunlap Sits down with us to discuss what to look for when investing, which companies to invest in, and what the outlook for the economy looks like in the future. Let’s help get you some money to invest and so much more! (10/22/26) Hear more of today's show on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/c/ELRShow⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Reaching your audience on Spotify with display ads is easy. Use your existing creative and launch your first campaign in minutes with Spotify Ads Manager. Just don't call it a podcast. The Ebro-Lara Rosenberg Show. Yes. Shout to Zetti Well. Shout to our guy Ian Dunlap. I appreciate you.

Yo, man, I've been following Ian Dunlap for Boof. I don't even know if earn your it was earn your leisure happening were you guys collabing when I started following the red panda stuff it was before um so you know Rosenberg and I infamously had a conversation we'll call it conversation that's nice you were so wrong for that it was funny but you was wrong um about investing yeah and uh we start arguing because I was like well you ain't got money to invest

he was like what's wrong with you I was like well you don't have money to invest right and and I saw him starting to get upset so then I just kept being a dick. Was that real of content? No, it was real. You should have super kicked him. Sean Michael's SummerSlam, man. Not have been great content.

I would have torn everything. I might have connected, but I would have torn everything, fall over the board. It would have been bad. Great mood of green mist. Wow, great mood of green mist. Now we're having a conversation. If I'd had that in the stash.

No, we really, we honestly don't ever, we don't ever have any interactions that are like forced like that. Okay. Yeah, that was... I mean, just the other day, we learned that he doesn't wash his toes, and he turned up about it.

He stood on his business about not washing toes, not playing. I didn't even know I was bringing up something that was controversial. I was just talking about making sure my daughter washed her toes. Got you. You know what I'm saying?

You let the water trickle down. Is that your move? Basically. For the toes? I mean, I don't know. You said you wash your feet, but you just don't go in between me. But like I said, barely.

I'm just being honest with you. Okay. You know, it's just, this is my truth. It's my truth. Got to live it. And by the way, but I've never heard anyone to be like, you know, the feat though,

that's the issue. You know what I'm saying? Yeah. I think I have bigger problem. Bigger fish to fraud. But anyway, so we was arguing and being annoying and mostly like my take on it. You being annoying.

Yes. Me being annoying. And him being offended. Yes. My take on it was like I don't, as somebody who has shares in the market and has bought. A bunch of shares before the record.

And has bought things. I had money to invest. Like I let in my brain that statement means and to the people that I talk to that means you have money that you are not using for your day to day that you are willing to place somewhere and not touch it. Yeah. And you're okay with that. That's money to invest. Just like some people have time to invest. Some people don't.

Like I don't have the time to invest in this relationship. Some people have time where they can be like, look, I got Friday nights. And I want to invest that in. So in my mind, that's what I was. talking about you delivered it the wrong way though well because of the well because once he started getting upset then i just ratcheted oh you rage baited him yeah yeah thank you thank you by the way i think you for saying on business on this because he will keep finding a way to like twist words like well because i did it here's why i really well no but that's why i started it and then

when you were like why do you keep saying that and in my mind i was like you can't say to someone who's not and you can't say to someone who doesn't know the lingo you don't have money to invest when they don't realize that that lingo specifically to you mean something else all too yeah it to him it meant I was calling him broke. Right, because that's exactly what it sounds. And now, by the way, and then it has resulted in, I don't care anymore, but it has resulted in to that point, if we're talking about anything related to money, people say to me, well, you don't have money to invest.

And it's like, the two invest part is a big, first of all, there's so many things that are interesting about it. Number one, I'm very much in the market and invested. Okay. Number two, I also have money that's not invested that is just in a bank account. Okay. That comes from a cultural, like, that's kind of what my family was like and how I was raised, right? That's a strong response for the era we grew up in.

Yeah, and I think probably, like, post-Holicos family is not a shocking thing, right? Stock it all under the pillow. The way my grandma's family probably had their jewels hidden somewhere, et cetera. And just for historical context, and that's relatable to a lot of black family. too where banks literally stole money from black people and they were like well I'm never doing that again so I hide it in my mattress in a box in the closet whatever and I don't trust nobody and then you're raised to feel like that right so then we got in the overall thing and then the concept of money to invest and then it's interesting I would run into other people so many people took it

in different ways yeah um but it was the thing it was a thing no I told you guys I saw John Sino John Sina's like well I don't like investing I just like putting my money in something very simple. Because he doesn't have money to him. But did you stop? And by the way, and no, and he probably has $50 million. But it's not to invest. But did you tell him what to invest in?

Because that's the conversation. I don't, I have never. And by the way, all. He's against it. I don't do that. That's not, I'm not a professional. So you're at the empire. Well, no, no, no, no.

Of all empires. Yeah, but I'm not. I'm not. I'm not. I'm not. I'm not. I'm not. Yeah, but I'm not in conversations that affect what their products are wrong.

Like, I couldn't. Yeah, but you could tell, but you could tell. Or conversation. Anyone could tell anyone, objectively over the last 15 years. Put somebody in Apple. Well, no, no, no. But if someone were to ask me what to invest in, I would say invest in, if you're not a day trader, right? Like, this isn't what you want to do every day.

You want to be watching, reading. He's super passionate about this, by the way. No. Yeah. Well, listen, so I'll get into why. But if you're not in it every day, you just want to put your money in something. something reliable. There's tons of companies that we could run through, Apple included, that have had a trajectory that's positive. That's a great place for you to invest your money,

right? What has become popular on the internet are these conversations that make people feel like they have time to invest in investing their money. You know what I'm saying? Meaning you're going to have the free time to be on the calls, to read the documents, to look at the quarterly earnings statements to read the news to be on the phone ready to press the button to keep up with trends all of these things that but you don't need that yeah but you don't have to need that but i don't i don't get involved in that conversation but you being at the empire i think the better thing to do like hey invest in apple and i would say two index funds so like v o vt i that's the entire basket or the market, Apple and Microsoft, keep it easy.

For creators, if you're on YouTube, got to invest in Google and keep it simple. Like, even for the big- Well, and on that note, always invest in things that you're passionate about, like things that you use, right? I don't agree with that. You don't agree with that.

Well, Nike, prime example. Yeah, that's low, right? Culturally, Nike was super important five or 10 years ago. It's down 75%. Yeah. Might be a good time to get in. No, Nike damn to done.

Damn. What do you mean done? Done at how, though? That's a big statement. If you gave me 100,000 or 10,000 now, I can name you 50 companies that are better than Nike to invest in. Over the next five.

For the next year, 5, whatever. Nvidia, AMD, Microsoft, Micron, like even in their space, Hoka is better, on cloud is better. Like, they have... Yeah, Hoka and on cloud both times. On fire.

Fire. And culturally, the not resigning Kairi mistake Jalen Brown relationship mistake not working with Salehi mistake like culturally even when you look at the executive leadership

you can tell they didn't grow up on a Nike we grew up on and they mismanaged a company so like for me as an investment I wouldn't touch it I know nothing about any of this my assumption is at some point they will turn a corner and make their move they need new leadership though

well yeah I can see what I think that's why it's a good time because they have brand equity right so if they if they make the right couple of moves they can start to get momentum back yeah i mean listen i'm still in you know what i mean like it's it's still hot out here it's just it's just it's just profit margins are terrible though but the profit margin and then also when they went away from retail they tried to go direct to consumer like you burned a lot of relationships and it didn't really work out in their favor so with the brand i know but are they better companies to invest in for sure so so overall ian what's the main thing that you focus on in terms of you like talking to people about investing.

Ebro and I were kind of having a conversation more about like investing in business ideas and like, you know, me being like, I don't know the people who are doing the things. Are you talking to people more about opportunities like that or really just playing the market smart and doing things that anyone could do at a institution? Playing a market smart. Just investing in the companies that run a world. everyone's using AI but are you invested in Nvidia

I've been big on Nvidia since 2016 even just the NASDA Thank you brother The NASDAQ is up 27,000% all time So like all the tech companies in America Run the tech in the world You don't even have to go to Angel or venture capital Because you can get a tremendous gains out of the market

But I think to your point We don't have a lot of time Given the administration The way the economy is looking which is looking bleak, we don't have a lot of time to be planned. I think we may have five or six years to get all the money that we need

before we end up in the economic situation that we can't come back from. And next year is going to be really tough. What do you mean? But what does that mean? Like, get out? No, it means that the opportunity and the cost to invest is going to be too high.

So when I got a NVIDIA, it was like $100 or $80. Some stocks are not pushing $1,000 on average. The average person can't afford once you're a microphone or sand. Well, and those stocks you're talking about are the ones that are holding the market up. Yes. Those are the ones that are doing the best.

It's like 15 companies that are literally keeping us out of recession. That's scary. And they're all, well, 75% of them are tech. Yeah. But you just had a mouthful there. So number one, you said you think next year will be bad. Let's start there. Yeah.

When you say next year will be bad, what are you saying? The average car payment is $1,100. Like when I grew up in the early 2000s, if you had an 11,000, $1,100 car payment, you were fucking bawling. No, that means you had the craziest car of the top of the top. Yeah, yeah, yeah, yeah. You were talking $300 car payment. Yes.

That was the average. It's 11. And they're extending the payments out to 72 months. That makes no sense. Like, even the value of that car after 72 months and you're still paying an $1,100. Car payment. What? Cost of living is higher than ever.

Debt to GDP is higher than ever. Even a peptide movie. movement. Like I have somebody at a bank here tell me a large majority of the office are on peptides or Wagovi because the food costs are too high. That is a very sad statement. Think about that.

Like you're working at an institution that runs the world, but you're on peptides because you can't afford the adjusted food cost. To eat less. In America. Or to eat healthier. Like there are people who can't afford to buy healthier food so they

either don't eat or they buy. They One meal a day and all setting it with peptides. Yeah. Think about how crazy that is. Like, or even for me, I have a child, but for the average person, if you have three or four kids, like, how do you make it? I know. Even here, when I go around and look and the realtor hit me when I'm here, I'm like, I was in one bedroom, nine grand. I am miffed, respectfully, people in the room.

I am constantly miffed by how people are doing four kids, five kids. I'm like, I don't know. I have no clue. I have no clue. I don't, I just don't understand how you. Well, and so your statement a second ago, Ian, was directly tied to next year and five years, which means you don't see America as a country and the way our finances are set up, having a way to navigate out of the current financial situation to make things affordable for the average working family, is what you're saying. How? The Iran war is costing us one point.

one billion dollars a day. Not to go too political because we always have these combos, but it's the worst war that we've been in since the one 20 years ago. Yeah. We're going through a billion one per day. And even think about this. When in history have, I know I sound like Bernie Sanders, but when a billionaires given away. The billionaires. Facts.

Have given away shares to offset how bad the country. Well, and I'm glad you brought that up because that was my big question. So you have the President of the United States has Trump shares? Trump accounts. Trump accounts. For kids. Elon Musk. wants to give every quote adult, which is everybody under the age of 18,

a share in space X. How kind and consider it. Right, which is like only, what, 3% of the total shares, but also that'll prop up the company, a company that probably has no value, honestly, if you're being honest. Listen, when they said that they're going to have a lunar economy,

meaning they're going to put shit on the moon, in the prospectus, and everyone was like, what's going to 800 this year? I'm like, we can't get satellites to go to the moon now. What are you talking about? If it was me pitching that, or I would be called every name under the book. Right, right, right.

Can we go back to the Trump accounts, though? The ones that, this is the one that Nikki Minaj was promoting, asking people to make sure they take advantage of this. In your opinion, tell us about those accounts. I think it's a great idea created by Brad Gerserner, but I think it's too little too late. Why? A, you can do it on your own.

If this was done maybe 10 or 15 years ago, it would have given our children a heads up. But it's really hard when you're having an economic downturn to then say, hey, invest in the market and then wait 10 or 15 years for your kids to have a result. You can do it on your own now. You can go a Robin Hood and buy the same stocks. You can buy QQQ, Q, Q, you can buy Apple,

you can buy Microsoft and do it on your own. I don't think it was genuine, but since Brad created the idea, I think it's a noble idea. I think it's too little too late. Like if you're evicted and I didn't give you $1,000, well, you needed the money before you got evicted. Right, right, right, right.

So the timing of it was off. So in theory, it's a great idea. But it also says when in history has this been done before? It reminds me when Rockefeller used to give out the dimes and nickels on the street because things were down bad. So it's a way to offset what's going on in the market right now. Well, and then my question always is, what information are you giving?

about you and your family to these corporations. Not that they can't already get it or whatever, but what are you actually opting into financially and personally when you go ahead and take on a Trump account shares from SpaceX? Who else is doing it? I saw Claude. Yeah, Claude is doing it. Anthropic has a public fund.

Because you're opting into something. There's something you're opting into. I don't know with the answer. Then there's also the. idea that like in this society where we're supposed to have a checks and balances of like church and state or corporations and i know it's been dead but are we going to now just allow this thing where it's like these few tech companies have now locked themselves into sustaining the u.s economy for the foreseeable future and we're all hoping that these companies do well our tax dollars are

going to subsidize these companies because hopefully they improve shares that we own and this is basically these corporations run the government now Absolutely. And that's where it's going. We're there. Well, no, no, but I'm saying it's going there where you can never, there's no check and balance. There's no way out of it. That's dead like privacy.

Even when I see Jensen next to Trump, Jensen looked like he's a president of the United States. Who's Jensen? Jensen runs Envidia. So he's the one with the leather jacket. But he's making all the decisions for, or majority of the decisions. Kudos to everyone in the video about what companies to invest in their very interesting company. because they would be like the mother company, if you will, because they're invested in everything or partnering with.

But you see how frequently they're with him at the White House. And this isn't new in the United States, right? Because you remember the oil companies or the steel companies? It's never been this front facing. Got it. And they've never had the ability. Like the CEO of U.S. Steel wasn't telling the president what to do. When you see Antarctica.

Based on what they told us in history. Yes. Meta. When you see Zuckerberg there, when you see Tim Cook when he was there, when Jensen is there, they're kind of steering public policy. And even with the Anthropic Fund, if you have a machine that can replicate all intelligence, why do you need to give shares to the public? Well, the company may not be doing as well. Open AI. You may not be doing as well as you purport. So if I have a little bit of presidential backing, it'll help allow my shares to be okay. Open AI at one point said that they wanted to stay private.

Yep. If you're worth trillions of dollars, why would you want to stay private? Right. Well, maybe the books look a little bit crazy. Right. From what you project. And I just want to reiterate, you think that there's no way out of it. There's no easy way or clear way out of this.

This is the foreseeable future for the next generation of kids. At least the next 30 years. At least the next 30 years. And which then now says, if you want to invest and you want companies that are government-backed, subsidized with your tax dollars. In exchange, they're going to give kids stocks. How sweet. But your tax dollars are the reason they exist in the first place. It's an opportunity for you to make some dividends, I guess, on your stock.

My argument, the thing that I've been saying for the last year or two is investor die. Like, financially, if you're not, they made it to where there's no economic opportunity. The job crisis is getting worse than ever. credit card debt is at the highest, you either invest in the companies or you financially don't do well. You can see it in the downsizing of corporations just in media. But if you look at tech,

like at the broader economy, like my rich friends, even though it was in the NBA, they are telling me I'm concerned about the next three. I'm like, you're making $39 million a year. Why are you afraid? Like, well, if I leave the league in two years, this morning. What am I going to do? What am I going to do? There's no opportunities. I can't go to Connecticut.

Like, I have to make my own thing. There was a conversation When you say go to Connecticut, you mean like go to ESPN. Okay. You have to make your own opportunity. And of course, you know, it's another. And you see him doing it with podcasts and whatever the challenge. But it's tougher.

The business model is tougher. So you've been put in a place like the great part about the market is like if you put the money in over a five or 10 year period, you should be up three X to five X. Amazing. But the cost of living is increasing so much. That's my main concern. It's making it like, yeah, unreasonable. Now, what level of fear, though, do you have that at any moment, in our current situation,

we could just have a huge financial crisis where the market takes a gigantic hit because Trump does something erratic or crazy or... I don't think we'll have one. And if I can be very honest, they're not going to let it fall like it did in 2008. Now that the government is involved in a bunch of these companies... Crypto, tech.

They've co-opted. Illegally in many cases, but they're too in. Allegedly. Allegedly. Allegedly. But the way, like even someone yesterday is like, okay, we're going to have apocrash 25%. I'm like, there's too much money flowing in from 401Ks, funder funds, hedge funds.

And also, too, if I get public sentiment, that's why they're giving the shares away. Even with SpaceX, if I get the public involved and the public champions this company, they won't want to see a fall so they'll reinvest as well. So they have a lot of backstops in place. And even in 2007 and 2008, they did a lot to make sure that we didn't fall. really fast there'll be a lot of bailouts if we ever got to that um but the economy is but the other day the other day students walked out of schools around the country or was it just well north carolina is the way you saw no no they walked to vote no they walked out of class because they

want a students want AI to slow down this these were students that did a walk out okay um because they wanted AI to be like be more responsible you know more checks you know all the It's never going to happen. What? More responsible? Never. Why would they? Yeah, they don't care about what the results.

They don't care about responsibility or governance. They're trying to go public. And a lot of the companies are underwater. And I brought that up specifically for the public sentiment notion because there is a generation last graduating season. I don't know if you guys remember, there were a number of commencement speeches at colleges where the student body was booing the shit out of CEOs from companies and things like that. It was going viral because it was up there talking about AI and the students. So there's definitely, with the public sentiment thing, there's ground to gain with these

companies. Absolutely. And if I give shares away and I'm public facing and I now put on Mike Amiri and present like I'm of culture and people, you can start to sway a little bit. Who's Michael Mary? A designer. Okay. Yeah.

But you've seen a lot of tech bros start to even take on like hip hop facing costumes. if you will. To make people feel good. Saw Zuckerberg going with T-Pain the other day going here. Good collapse. Shout T-Pay. Yeah, I mean.

I'm not mad at him for doing it. What's Zuckerberg trying to do right? What's he trying to win people on right now? Same thing. Everybody else? Especially if the market crashes, if a person likes you, it will have a better sentiment for the stock

and you won't dive as deep as if you're hated like Elon. Okay, okay. Yeah. So Tesla, and he's giving up on a company like emotionally long ago

SpaceX is really debate because Starlink is the thing that he really loves but people don't like Tesla as much anymore even though the Roaster demo I think was amazing we could talk about that if you want to but people don't like him as much it's a very popular thing to be a popular four-facing celebrity CEO because the gains are higher

you're looking at 2x higher or 3x higher over 5% if you like you like you like the Tesla demo what did you like about it. I didn't see it by the way. I only really? Really? No. My man did and he was like, should I get one? I was like, hell no. What was it? What was the demo?

Get one? They put it up a ramp and it flipped over and it had to, the air compression. But you believe that it actually functions like that. You believe that was a real thing. I said I like the demo. But it's not that you There was no human in the car, but that's an important distinction, right?

For you as an investor, you saw that demo and was like, hmm, This might get the people going. This might drive up to stock price. Might do something good for my financial game. No, no person came out of the car. Now, if he would have been in the car and did the demo, through the roof.

Different level. Different level. So. Well, I suspect that the car is not a real car. I agree. I suspect that if, like, for instance, your man wants to invest right now, basically, they don't even have like a date, right?

So they're just hoping. And that's the thing with Tesla. So they always extend these dates out so far. That's what Markell was saying. Like he tried to get the first roaster, I think, in 2017. He still hasn't got it. Right. So he's been waiting six years, seven years for it.

Are people saying this is real? What are people saying about this? People are saying that it's real. People are also saying it's not real. Yeah, allegedly. Oh, my God. It's like Ferranos again. But once again, public sentiment.

It goes to conversation around the brand. driving interest, potential pre-orders, you know. And trying to create excitement before a dramatic pullback happens. There's a lot of WWE theatrics,

if we're going to be real. And what is a dramatic pullback? Anytime the market drops 15 to 20%. Like even last year, Microsoft was down 30%. One of our greatest companies in American history

and they were down 30%. So if they can be down that much, a company doesn't print as much money and doesn't have as much value. But the great part is I'll tell people you only need four stocks. If you have two index funds and you pick two other ones next to them,

you'll be fine. I think people get in trouble trying to day trade, trying to go option heavy, trying to do futures and not having a portfolio set up for the long term. Would you say the best thing

for the average person is some sort of fund? The best thing for every person is a, like you guys know a lot of people. Have you ever met anybody that made 20, or $30 million trader? No.

It's rare. It's rare. Even like some of the greatest, like Paul Tudor Jones, who's the best futures trader ever, he is a long-term investor. Like all the people on earth that run America who have the most money are long-term investors first, and then you can add the trading. But 90% of it should be long-term. And that's a fund where there's run through someone.

I mean, they're obviously- Vanguard, Black Rock. Well, and we've said a lot on the show, right? And we've been talking about this for years. where I would say, listen, you should have a life insurance plan. Yeah. You should have some sort of retirement plan. You should at least know the people sitting out at the desks in the bank you walk into to put your money in. Like their job is to help you understand stuff, the basics, right?

When you see the commercials on TV, Charles Schwab, pick a thing. Yeah. Those numbers they put up there, they are there to answer your call and answer any question Without you spending any, you don't have to spend any money, you don't have to commit to anything, you can literally just get some eye on the phone and be like, I don't understand, I have X dollars. Or use chat or use Google.

And now you can do that if you're comfortable with that, you know what I mean? But they're taking your, you know, your information. So, well, so is Charles Wall. I mean, so is everybody that you. Allegedly. I mean, when you sign up with them, they're getting longer.

But it's not, but it's not being put into a machine as you and used to like, yeah, to know you. Let me ask you a very basic question. And sold to third parties. I don't, you know, a lot of, companies you call they're not selling your third-party information. No. What percentage of money that people have do you think should be in the market?

At least 25%. Well, like, what would you idea? What would you tell a personal friend? They say to you, I have a million dollars. Oh, 70%. You want 70. You would say live on 300,000. I have to.

Put 700,000. Especially for the men, when men say I can't do it, because you're giving all your money away to the bitches on the side. you're not being responsible and then when a doubt for men there's no sympathy either you have money or you don't and if you don't have it no one's going to give it to you

so even with the way that the economy is right now if the opportunity is not there and business is not going well you're not able to be hired at least you can keep yourself afloat through the market invest in the best companies in the world holding for a long period of time but I see even some of my friends

they'll go buy the bit and leave flying spur to go get the roads and they're And they're flexing. It's Van Cleef this. It's Turks this and da-da-da. And I'm like, you're not Drake. And then I get the phone call,

Hey, bro. Can I borrow? No. Right, right, right. I can't give you $200 grand because you was messing out with whoever at Icon. I'm sorry.

Have you really? What's icon? Right. Y'all know why I icon is? Nope. Strip Club. Oh. Oh.

You know what? We're not big. We're not big. Okay. I'm not big modern day. That's good. I've never been a shout to the star of this girl who gets you. He's the worst when you miss.

Yeah. I know. Y, y'all might be outside. I said, yo, she's been in strip clubs with me, and I'm helping the girls pick up the money. I might pocket a couple of dollars. They called that stealing. I was like, we threw it.

I can't. I'm helping. They do not play about that. No, I've heard. Now, if you legitimately in real life had someone call you up and ask you for over $100,000? Absolutely. Who?

I don't understand. What do you mean? Who? You can't ask them. No, but like who a human being does that. Family members? Probably. 100,000.

The finesse is to see if you can get it. Like, we, we, we, we, all know people they'll call and ask for the money but they'll be slow to pay back. Of course. Or they'll be quick to call but they won't apply to go get a job. So that's the hustle for a lot of people. And people probably just think you have money. Like money to just throw around.

He does. Not to throw around. You are like it's money to invest not to give money. See? You see? Money to invest. Some people have money to throw around. And also when you freely give the money away, pick any amount, they usually blow it fast.

Yeah. If they don't put any sweat equity behind it, they end up giving it away. Well, so what you're saying right now is something that I've seen people on the internet have a big problem with. What? The idea that giving a family member money or a friend money or some people even are like, yo, I don't do charity because that's sweat equity.

Like, I'll help you if I see you working on a thing. Yes. But to just give you money? I've done it. No, I'm not saying whether you've done it or not, not seen it. I'm telling you, I've done it. I'm saying, but on the internet, which is, I'm not sure as a real place, but it really affects us. People would say, yo, like, what was the story, Chris Rock and getting the lawyer first friend?

I don't know if you saw that. That was a big thing. Right? That was a big thing. Yeah. Where he was like, look, I'll buy you a house. There's a lot of things I would do, but just like an open-ended tab with a lawyer on a thing. It's a hot take, though.

You can do a one-time lawyer. Now, that's what we said. We were like, yo, maybe you can do that. That's tough when they have you on retainer. But at one time, if you think that your friend's brother can get out, you got to do that. You can do it one-time. But, like, what if you don't know your friend's brother?

I know, you know what I'm saying? And what if you always heard he was a mess? And it's possibly did do it. That's different. That's the thing. Everyone just took the story. Because the guy eventually got out, everyone took it as like well you knew he was innocent and you didn't

maybe he was like yo your brother was always a disaster he was always around some stuff and now he's accused because a lot of times people get accused of something they didn't do anything yeah but their life isn't a good place that's how they ended up being accused of something yeah yeah so like i just can't judge the man for it but chris has been but nonetheless my point was go ahead sorry that people have a lot to judge about what people with money do with their money because they don't give it out like i literally like i had a friend in the bind I know he is when I tell the story, but you shouldn't say it. He asked me for $40,000.

I gave it to him because he was in a tight bind. He texts my other friend like he should have sent it faster. Oh, my God. I said, I'll never send you a nothing ever in life again. Faster. No, come on. 40 grand, like it's a dollar, $10. I'm like, what?

That can't be right. I said, I couldn't put that $40,000 elsewhere. That comes to your house. What? Right. Okay. Wrap it up. So people may have pushback for it,

but you don't go through the horror stories of not getting the money back. Yeah, I never give money to people with the expectation. Yeah, you never going to get it back. I know. Anytime, if I'm giving you money. You're assuming it's bad enough.

I'm giving it to you because I can and I love you, but I have zero expectation. You don't have a way to get it back to me now. That's why you're asking me for it. My rule of thumb is just do it once a year. Like for media, friends and family, if you need it, I got you. But once you get to that second and you get on payroll,

no. Sorry. What you guys are saying is so incredibly unrelatable to me. I don't even know what you say. You don't give to anybody? I have given before very count. I need to get on your plan. No, I mean, honestly, I just wonder if this is like a cultural thing or maybe I'm from the,

I'm from the upper middle class suburbs of D.C. So I don't have that many people who I would have. I don't have enough people who are comfortable for my childhood. No, no, no. The people in my life who would be comfortable asking. Yeah. are not people who are particularly in need. Does that make sense?

Yeah, yeah. So I know other people in my life, I guess, who probably could use help. Yeah. But they wouldn't, we wouldn't be close enough that they'd be asking me perhaps. I have a couple of circumstances where people I wasn't that close to said, I need a few bucks. But I'm talking about a few bucks, a thousand dollars. You know, I'm not talking about $10,000. So it's only, I've only lent money, not got it back, lent money to people.

Like, I'm talking about close family. otherwise. Yeah, family is different. The idea that someone multiple times in a year would come to me. Like, who are, like, what I'm trying to say, what relationships are these? Friends? Who are coming to you multiple times in a year?

You can argue that they're not friends that they're doing it. I'm about to say, like, it's just such a crazy, like, are they working? And if you're not working, that's my thing. If you're working on something, I'll invest into the idea. But just to be chilling at the crib and I'm running across the globe. Right, right, right. And I'm working my ass off and you're like, hey, you think, I'm like, no, bro.

You won't even help me. You won't even take me to the air. airport. You're originally from Indiana, East Chicago, Indiana. And you now live, do you talk about where you live now? Yeah, I've been to Houston 10 years. And why? Love Houston.

Well, I'll spend time between there, Mexico, but Houston, no state income tax. Okay. Played the big part. But I think the opportunity costs there is great. Great place to raise a family. Great place to have a business. I didn't want to go back to Atlanta. And how do the politics there affect you, if I'm?

all. It's tough, bro. I mean, I'm in Houston, but Texas is still Texas, and there's a big race going on. Oh, yeah. Yeah. And do you politically, where do you see the best

use of the voters' energy in this upcoming midterm and beyond? I think there's only clearly one candidate, but I don't want to end up on that black list in Texas, but I'm black, so. Well, I wasn't even speaking about Texas, I was talking about like more policy.

Like, you know, you know, seeming, you know, in my opinion, and I'll just throw it out there, I'll lead you a little bit. My opinion is many people voted for the current president regime. They failed on most of their promises. Did they fail? Because they'll spend it like. Well, on their promises.

Well, no, no, on their promises. As you talk about the economy. Are we winning so much that we're tired of winning? I'm tired of winning. But you articulated yourself that the financial. financial issues, the amount of money we're spending in a war. We were supposed to get no new wars, the gas prices, the cost of living. Like, you ran down all of the things that were supposed to be better.

And that's what people were voting for. And they're actually not only not better. They're worse. Right. I was going to say a flat line would have been like, okay. Understandable. But a downline is like not what people ever want to see. So that would say that you are somebody who wants to see candidates.

improve things for middle class American? Absolutely. Because one of the greatest inventions in America was a creation of the middle class and growing up lower middle class to see that a road is heartbreaking. Like people don't even have optimism.

Even for like some of my younger cousins, they're almost like, what's the point of going to college and paying all this money if I come out and I can't work? That's right. And that's why you see a lot more kids being pushing the streaming. And I'm like, why?

But if you look at the car, cost of living, the cost of room and board, the cost of tuition, I get it. Yeah. I would even say for, and if you're one of those kids, ain't nothing wrong with a, what was that, like a city school, trade school, community college, start there, pay, get, get in somewhere cheap, find out what you love and then go on to, you know, bachelor's, masters and whatever and work your way through it. We definitely need to change. I haven't seen anything like this in my lifetime. And you can almost argue since 2020, we've had almost economically a lost decade. we almost glance over COVID because of the recent events

but there definitely has to be a change but on a Democratic Party right because if you were if you were 10 years old when COVID hit you're 16 now yeah you are tripping yeah you're cooked in terms of what what's your job what you're going I think about us as kids when we were kids and in our formative years 18 19 20 we had incredible optimism about what could happen in our futures. Yeah.

Most kids don't have that. No, no, no, no, no. And then we're at a time, too, where it's like, it's so hard that kids would get the McDonald's jobs. And now adults are taking all of them because that's all they can get. Well, and I will say,

I've heard from many people in retail who own retail. Retail's tough, bro. And work in retail. I'm going to tell you what, it's super popular right now, hiring somebody over 50. Yes, 55 up.

they are the best customer service people you will ever meet. They know how to deal with the public. They are on time for work. They understand the value of having a job. Retail is like, and I've seen many studies on it too. Yo, a retired grandma is like the hottest person to hire retail. Yeah. And it's happened there.

Makes sense. Target. But think about, like you said, when you're in high school, you can get a summer job like I worked at Man Alive and Macy's you can't get a summer job right now even in most cities you can't like in even in the last 16 months they lied about 800,000 jobs being created so when they're given the job revision of what's supposed to be here remember they fired the person who was given the honest and then they hired some people forgot y'all forgot just be honest you forgot that trump fired the person that was supposed to be giving jobs and

and government data got rid of them because he didn't like the reports and they just put somebody in there to tell you whatever they want. You forgot that happened. Be honest, y'all forgot that happened. I mean, now I remember it. I didn't think about it every day.

That's one of the big things I think about when I'm watching the news. Like, this whole thing is, like you said, it's WWE. It's not saying Cracker Amendment I don't think about it every day, but it's, I remember it. But also, real quick,

you mentioned the COVID thing too. Bro, the line that's so gray to me of the business as being like well the prices went up remember it all started with we don't have we don't have the supply chain the supply chain issues so now the price went up so now the toilet paper at the bodega which was already ripping you off at seven dollars they want 11 every you can't tell the line

of where the restaurants or the apartment complex is what you're talking about yes like I can't tell whether they're getting gouged so they just needed to go up or whether like well listen everything's gone up double what we're going up and Now it'll never go down. Yeah. Yo, I have a restaurant. You know who said they were going to work on that?

Go who? Kamala Harris. Oh, she wanted to work on that. That was like a big thing for her. She was like, yo, we're going to deal with this price gouging and these companies getting over on y'all. But she wasn't black. Well, she was a she, and she wasn't black enough.

And she was too black. We don't want to hire her. And there was a lot of infighting on the Democratic side about her being the person selected. Oh, yeah. All right. I mean, there's infighting on the Democratic side about the fucking Democratic. Yeah, yeah.

Socialists of America. Yeah. Well, the bigger part is, is that the infighting was really about Biden stepping aside, too. Because had that happened earlier, we would have a different situation, I'm sure. When they make that documentary about what really happened, Blockbuster TV. Yeah, no, it's going to be interesting. I mean, Kamala wrote about it some of her book. Everyone gives it out in drips and drabs, but you don't like really know.

But you know what we do all know? What's that? Cozy Earth. That's right. Big, big, big advertiser on this here, ELR program. Are you familiar with Cozy Earth? No, tell me more. We're going to get you from a minute.

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Griff already got one. No, it's crazy. And then the sheets are incredible. Griff, did you use the ELR coat? Yes. Nice. I'm waiting for mine. I'm excited for it.

I know they got a light gray. They got a cream color and I believe and a walnut. But is it blue and cream? Not blue and cream, just cream. Okay, cool. You know what I mean? Chill out. Chill out.

You know what I'm saying? By the way, I may have to show you. If they get ghost face to do a blue and cream costume, cozy earth. I'm going to show you on Family Friday this week. I'll show a video of Maya has been given a blanket. She's been given a blanket a couple times. See how it works with her in the crib. She does not understand what this operation is.

You're not supposed to. to be throwing it and twisting it. No. No, it's like a gymnastics item. No, but maybe if you get her a cozy earth blanket. She'll settle in. She'll settle in. So the comfort.

That's right. I love what it's called. Isn't it called the bubble? The bubble cuddle. The bubble. They got a cuddle blanket? Yeah. Okay.

It's bomb. You know what I'm saying? For the lovers out there, okay. Yeah. So listen. For those who like to cuddle up on the bubble. Ian. Ian, I got my wife into the pajamas.

Okay. And so they have these like cool band bamboo sheets. I don't know if you get hot at night. But they got these sheets cool you off at night. Plus, you put the PJs on. Fire. Keep cool at night. Now you got the bubble cuddle as we go into the winter. Come on, bro.

We are rubbing feet together. Not Rosenberg's feet. We learned this week. Yeah. Peter Rosenberg. Well, you can rub feet. You just don't wash them. That's all right. By the way, you know, I'm not going to rub them on your nose, but I could. They smell like roses. Cozyearth.com code ELR

for 20% off home and sleepwear. That's CozyEer. com code ELR and when they ask you where you heard about them at checkout make sure you tell him Ebro Lauren Rosenberg show hey Bascom you remember the other day I had you put my boys speaking of Ian my my boy Liam you see how you have Liam's clip this is just forget a little look we have a funny ha ha moment yeah quick laugh you have it you have it all right I guess this is goodbye no dad I'm gonna be gone for a long time could be months maybe even a year I I have to go.

This is bigger than me. No. I wish I could stay. I love you guys so much. But when I come back, we'll celebrate. We're going to have a parade. What country I'll be at war with? What?

No, there's no country. It's the next season starting. I'm going to be gone a lot. I'm going to be at bars following the team around the country. I got to focus. I got to lock in the season starting. We're about to repeat. Nixen 5.

You'll be fine without me. I love you, but I also love Jalen Brunson. This episode is brought to you by Welch's fruit snacks. Back to school season can be tough on parents. But choosing a snack you and your kids can both get behind doesn't have to be. Stock up on Welch's fruit snacks. Made with real whole fruit for a mouth-watering experience the whole family can enjoy. It's a snack kids already love.

And one you can feel good about giving them. Go back to school with Welch's fruit snacks. What do you want, Mr. Hagan? I want my life back. October 23rd. The procedure is causing, traveling physical changes. What's happening to me? Look fear.

You have to learn to control it. In the face. I have no idea who you are anymore. Tell me who you want me to be. Clayface, only in theaters, October 23rd. I love that. Got lock in, yo. Got lock in.

Yeah. You're a Rockets fan? I got friends on a bunch of teams, so I just support my friends. Fraud. He's another one who's a fraud. What? Yeah, he's just, he's like, I'm a fraud. But no, at least you know it's like it's money-related fraud.

Money fraud. Money fraud. That's crazy. You're crazy. That's crazy. That's crazy. Money frauds. You love it, allegedly.

Allegedly. Fake news. So, Ian, the- How are going to repeat or no? The Knicks? Yeah. I think it's a good possibility, yes. I mean, the only change they had is Mitchell Robinson.

No, don't do my boy, Drey Drumman. like that. Yeah. Well, no, no, no. I said from the other team. Oh, yeah, got you. To this team, the only person gone. Gone. No, no, it's not. There's a couple more. But not, but Huckporti's gone. A little pieces. A couple, but it those weren't, you know. Yeah. I like Dior

though. I like, I like Diora and I like Drummond. Yeah, I don't think they're going to repeat, but it's, they're going to who you got. Who you got? I don't know. I don't know. I just don't, it's so. Bro, it's been 50 years and now it's going to happen again. I mean, they were a good team. But there was magic.

Listen, if you look at the script, injuries. Well, no, but if you pay attention to the script, you got to look at the script. How good was the Knicks for everyone? No, it was good business. It was incredible. Everybody, the network.

New York has been on fire ever since. No, no, no. You got Mom Donnie. You got Knicks. You got World Cup. I've talked to people who have lived here their entire life. Best summer ever. They ranked this number one summer ever.

And that's above, like, you know, Puerto Rican Day parade, summers with big pun and fat Joe. That's ahead of. of, you know. The women were friendlier if you were out here. A, pop, B. I said, oh. It was a vibe out here. It was a time.

No, it was a real vibe. It was a real time. Now, can that fix the entire economy of the United States? I wish. Fake news. So you don't think in the immediate, though, that we have to be worried about the market. He said five years were done, bro. But like, so I should keep going for that time, though.

Absolutely. The economy and the stock market are two different economic engines. So the stock market can do incredibly well while the, economy is down. By the way, isn't that perfect? Because rich people can do well with the stock market while the regular people deal with the economy are struggling. And that's important because every time you see a president talk about the stock market as it is like the economy, and it's not the same thing. It should be a red flag because it is not the same thing. Yeah. But for a point of optimism, like we've been through worse, we'll get through this, but unity is really important

and having these, even though I think you went crazy on the content side when you got at the conversation, it did ignite a bunch of conversations about how we should invest and how we should use our money because all the corporations want us to be consumers and we have to switch to being an investor so that's my final piece of it.

Well, because if you switch to being an investor then people will know you have money to invest. I was the part that made it so nutty. Yeah. But he's not. He's not. But you were talking about angel investing in venture capital.

Correct. Yeah. And which is what I was talking about too, which is why he said he wasn't getting the car. I was like because you didn't tell people you had money to invest. But by the way, that's still back to what the scene is. I have money to invest. Right.

And but the thing is, but do you? You like to, you like angel investing and you like doing that stuff? I do. And has it had, has it re-benefits for you? Yeah. Yeah. I'm looking at work to Anderroo goes public. I mean, oh, Andrew.

The defense company, Robin Hood. I'm looking forward to Anthropic going public. I mean, listen, this is. And And Andrew is because you know that they're going to make some weapons for these people create new wars and you want to get paid. Well, it's a bet on... Yeah, I don't know if I'm going to do that. Or anthropic for that moment.

Okay. But there's others? Yeah, there are others you can invest in. Apple, though. I like Apple. Love Apple. I've done what with Apple? 35% up on a year?

Cooking. Brough. New CEO, cooking. Apple was so mad at me for a year and a half. Why? Because I said Tim Cook should step down two years ago, and that wasn't that favorable. Well, it played out now, but now there you are. Yeah.

Thank God. When I see the price of that duo, I understand why it's doing so well in the stock. Yeah. Because that duo. How much did you? Wait, did you get yours? Did you get yours? I didn't, I, I didn't pull it.

It was sold out when I went and looked. No, you can order online. You can pre-order now still. It's sold out. It's sold out. That's how they hit everybody. Can you get me more? Nope.

He can't get anything. Nope. I sure can't. They didn't, they didn't tell, when I, listen, I didn't go all the way to check out yesterday. Okay. But I went through the thing and it was allowing me

to do all the stuff to get it. Yeah, when I went, it was done. I was sold out. So you went all the way, put it in the car, went to buy, and it was like, nope. Yeah. I mean, the problem is, you know, I'm having the Apple thing happen, though. Ebro, cover here. This is one of those moments, though.

Well, my phone is just... Oh, they get the throttling? No, it's just crapping out in new ways I've never seen before. Oh, my battery's down at 1 p.m. Oh, yeah. When it used to last the whole day. You know what mine is? What?

People are just getting voicemail all the time. And when I look at my phone, the 5G just goes away. Oh, yeah. Turns off. And then nothing. out of nowhere and then comes back on sOS on how i got sOS a and wi-fi yes that's happened to me i'm like i don't get it but john i love you it's just doing it's just doing weird stuff yeah what what phone do you have this is a 15 pro yeah it's gonna struggle why 17 why why is a 15 well because the

well no well is it three um oh my i got a 17 well because they always they allow the developers new tools based on the new stuff they put it you know they put new chips in them so then the developers start do you well no but you don't have a operating system to invest exactly so you're not up to the time so it's going it's going to crash a jewel so when I so when I spent like 1500 on this one a couple years ago that wasn't enough to get me three years

and you got a 2100 right so now I got a 2100 for it well and you could give now and the great thing is now you can gift that to MJ or Mindy wow they don't want it my parents like their old phones they don't like the new phones don't want them old my mom's is all all old and she does Like an iPhone? Yes.

Just not like to update. Yeah. The old, the older. Give it to your niece and nephew. The old are not into, no, I'm going to turn it in and get the $350 back. Oh, yeah, yeah, there you know. To put it towards, you know, $350 to put on that $2,000. Yeah.

It's a beautiful phone that duo. I'm sure it is. Work of art. Sure. Work of art. I mean, listen. World's never seen anything like. No.

Never. They've never seen it. Never. So, Ian, I want to run through the headline before we get up out of here. and thank you for your time today. Of course. There is a difference between trading and investing. Yes.

Okay. And that is someone who is actively trading. Yes. Every day you're out anywhere from one to one minute to maybe an hour. Best case scenario, maybe four hours, but 95% people should not date trade. And most day traders don't make money. Right. I love trading, but most people don't make money trading.

Investing is multiple things. That can be. into a fund. That can be into a specific company you love, but that could also be real estate. Yes. And do you have an opinion on if someone has money where is better for them based on, let's say they have $100,000? Is it better to try to figure out a real estate play or is it better to put that in the market right now too? I had this debate with my brother Ish a couple weeks ago. Ish from Joe Button? Yes. Okay. Real estate is a good investment, but stocks are better than more liquid.

Easier to get into returns of high. Like I said, NASDAX up 27,000 percent. You're not going to get that from real estate. It's going to be really tough, too. Well, and the real estate thing, I guess the combo would be, you know, there's several factors to have a property that is going to get the game. Of that value. And if you know about it, so many other people know about it,

and the inventory is likely harder to grab because it's popular. close to a school or a community that's getting redone. But if you want to do Apple and Microsoft, that we all wanted to buy Apple and Microsoft, we could all buy at the same price point of that. That's right. Yeah. So I like stocks.

But they're real answers to do both. Warren Buffett does both. Paratroeter Jones does both. Kyle Bass does both. If you can do both great, but if I don't know. None of people he just said. Warren Buffett? Oh, I heard him.

I didn't know you said his name. Yeah, yeah. Kyle Bass, he's one of the greatest investors of all time. He's out of Dallas. Paul Tudor, he's the... I heard you talk about him early. Yeah, he's the greatest features trader of all time. But he does real estate as well.

These are your friends? Associates. Yeah. Like they know you. Warren Buffett knows who you are. Not Warren, but Paul and California. You can't jump to Warren Buffett.

That's crazy. I was just running through the list of names. I started at the first one he mentioned. I'm not trying to knock Ian's, correct, jump right to Buffett. It's crazy. Nah,

I got more work to do, you know what I mean? Yeah, you're doing good. You got to call the office phone. Well, I heard now his son or grandson is taking over to? Yeah. Berkshire Hathaway?

Yeah. Yeah. How you feel about that? I mean, he's older, so yeah. I mean, something had to happen, some succession. Succession plans to be in place, and if we're going to believe in generation of wealth, you've got to pass a company down to somebody in your lineage.

The other thing I want to clear up before you're out of here for everyone who's just, you know, being a mere mortal in the financial world, is that you feel like America, the United States of America. I know it. Some would say the greatest empire ever known on planet Earth, the most wealthiest nation ever,

ever seen on the planet of Earth has five or six years before we're in complete financial... It's only five years. Shout to Danny from the stop. Only five years left. But what do you mean by that?

If we don't correct the debt to GDP ratio, like the debt our interest payments on the debt are eclipsing how much money we make. So in layman terms, America's broke. We have five years. to fix that and get and come up with a plan to like even in if you look at the 2008 crash we weren't

this broke in 2008 and Lehman went under right Washington Mutual got absorbed Merrill Lynch got absorbed and we weren't this fucking broke and you think invidia space X Microsoft Apple are the saviors or being positioned they are the band-aid for the time being until yeah they're holding And if we didn't have Nvidia, AMD, Micron, Sandysk, we would be in complete recession right now. Damn, you could have invested in Sandisk. How long ago did you have a Sandisk flash drive? Even at inflate, look at how much memory is going up. Like between Western Digital Sandisk, Micron, like the cost of everything is going up endlessly

going back to the supply chain. And now the prices are so high, they're never going to come back down. But like as a country. And that's why your duo or anything you're out here trying to buy in tech. Cost so much more now. cost so much more. It's because of... Well, that's my point. Yes, part of it. And then let's also up the profit margin.

Well, no, but there's no... You can't buy, like, memories bought up because of the AI data centers. Like, that's a real thing where there's just like... Why didn't Apple buy Micron and Western Digital? Why didn't? They? Oh, my God. That's on your pay. That's on your pay. When you talk to John ask them, please. Yeah, okay. Yeah, yeah. You met

a couple times. You know, my man. Lifeplex. You know, welcome, welcome board. Listen, I want to go beyond music. Let's talk about what we're doing as a company. Let's make some decisions. Yo, can I tell you guys real quick on the way out here? The one thing I've been noticing, I've been listening to NPR like all the time, and it just like sits on in the kitchen when I'm doing dishes and stuff. Oh, your new little radio because you wanted to buy a transistor radio.

My wife hates it, yes. My old, static-y. That's fired, though. No, it's great. It's nice. The analog is the way. How old's your kid? Six.

I mean, 11. 11. So you still have stuff you got to do in the kitchen. You do all the things. It's nice to just have the news on. The amount of stories that are about AI and trying to contain. AI and data centers. I hate to say this.

It feels like the little pieces of the beginning of like an end of war. Terminator or something. Every time I turn on the radio, it's like, and then they're saying that now in today's news, the data centers are blah, blah, blah, and it's like, this is the beginning. It had Germany.

This is the beginning of the frigging story. And 10 5 years. And the cost of what they put it into the data centers, they're not getting return on capital. Like they're wasting billions of dollars to maybe be profitable. And destroy the, and destroy the environment.

Destroy the environment. Destroy people's lives. Dan, Bustin was 30 years off, bro. There's only four years. Five years. That was a 95. Extinction L.E.

Yeah, ELE. I think he started to say it before that even. Yeah. It's been a long time. Ian Dunlap, man. Anything we didn't get to today that, I mean, we want to promote earn your leisure.

Shout to the bros that earn your leisure. You guys cleaned up or they had to, I saw the big blow up around the Atlanta Earn Your Leisure Fest. Invest Fest. Invest Fest. Excuse me.

That got some traction for y'all. In a good way? Did it end up being good? I think Rashad and Troy did a great job of making the negative into a positive. But I'm not going to lie, I was a stressful. I was a stressful. I had hit Rashad. I hit Rashad during that.

We texted a little bit because I was just checking on him because I was like, yo, they got him sounding crazy. But it feels like it cleaned up pretty good. Yeah, God that's good. And when you give to the people and help from a genuine space, You have equity. You have a good... Yeah, we have a good relationship with the people.

Everything works out. Like, even for me, just give people returns. Like, this year, I've made 85 people millionaires. So regardless of what the internet may say about us or maybe me... You mean, there are 85 individuals you know. Yeah. Personally. I had 10 on stage at a Vest Fest.

Who you helped guide them. They had... And how much money were they starting with? Anywhere from 50 to 150. Wow. Yeah. And that was over what time period? 10 years, right?

Two year period. Two years. Yeah, two to three year period. Yeah. Well, it's been a good time. I know because I know because the, the, I first started investing. This is how new I am to all this stuff. I first started investing, I think, in 19 or something like that. Oh, that's incredible.

It was so bad, bro, it was so bad at first. I was like, I'm going to do it. Here you go. Right in the check. And then within it, he's like, you know, my boy Braddy's calling me. He's like, hey, so, you know, we're down a bit. It's all good, all good. You know, but hey, just take your time.

and the amount of time it took. I was like, of course, and, you know, being the self-involved person I remember, of course everyone's always been telling me to invest, and I do it is the first time the stock market. Oh, just tank. Oh, yeah, yeah, yeah. Toilet for, you know, and then COVID,

and then over the last four years, it's been like, oh, this is what people saying it's, and then I'm a long-term game. It's a long-term game, right? And, you know, the fortunate part about having absolute crooks running the country is that from the stock market, allegedly, allegedly, everyone's a crook,

is that it's positive time if you have a few bucks to put in the stock market which you know it might as well listen these cats are all going to get rich bro greatest return on investment vehicle despite all the

ills of the society the one great thing that we do have in this country financially is the stock market you have to hold for a long period of time you have to now what last thing last thing

how do you feel about like if you feel that there's an important personal opportunity real estate, you like you want to buy a new home. You want to move your family into the dream home. How do you advise people on pulling money out if they're like, hey, I had one of the people you're talking about goes, hey, I had 200.

Now I've got 1.2. Yeah. I want to buy this million dollar house and I need to put down half a million dollars. How do you advise them on taking money out to do that? Everybody's situation is different. You've got to talk to your advisor about it because, but even with the cost of living going up, you have to understand if you're going to get the return on the house or if you're making a solely emotional decision. Like, a lot of the things that we do. But is return on the house

also considered it's going to be the place we're going to stay for 30 years? If you're going to stay could that be considered return? But a lot of people are selling our homes after five and six years. Like unless they live in here in New York or L.A. where it doesn't make sense financially to sell. A lot of people are selling after five years anyway. So definitely hold on for a lifetime 20, 30 years if you can. But yeah, it's a good time to be free and clear. if you've made a lot of money from the market, invest in the property. Is Trump really going to do this thing

where you could transfer your loan on your primary house, you can keep your interest rate? Is that an actual thing that can happen? I don't think that's going to happen. I mean, that would be incredible. Because that's the hardest part right now is that, you know, people are staying in houses

just because they got it at 3.5. Yeah, 3.5%. You don't want to go up to 7.5%. Which reminds me at 2007, 2008, we're at those levels. So, yeah. But is that going to happen? It would be great.

doubt it. Thanks, Ian. This is informative. Thank you. I appreciate you guys. The main message everyone should remember. Hold on for the long term. And Ebro's an asshole.