The Iced Coffee Hour - Baking Cookies in Graham's Tesla | Ep. 2

Episode Date: May 31, 2020

Enjoy us for a second episode of The Iced Coffee Hour! Add us on Instagram:  https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Send any voice submissions to [e-mail]  (10-15 seconds max) can be about anything- and we will respond in the next podcast! Get 2 Free Stocks on Webull when you deposit $100: https://tinyurl.com/yd9slfax Join the 2x weekly mentorship group: https://tinyurl.com/yaexko4o The Equipment used: https://tinyurl.com/y78py5g2 The YouTube Creator Academy:   Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF  For Podcast Inquiries, please contact [e-mail] *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Category Learn more about your ad choices. Visit podcastchoices.com/adchoices

There's more to life than finding the perfect car. But finding the perfect car can help you get the most out of life. Like the SUV that handles everything from drop off to off road, and the car that hulls groceries and hockey teams, or the van that's gone from just practical to practically family. Whatever you want, wherever you're going, start your search at autotrater.ca, Canada's Car Marketplace. we can say it now. What can we say, Graham? What can we say? Welcome back. Welcome back to the

Gramps, the iced coffee hour, right? Because this is the first time they're going to be back. Yeah. So welcome back. Welcome back. Welcome back to the non-iced coffee. This is old coffee, but I'm just going to roll with it today. Exactly. That's how we do it here. Yes. So welcome back, everyone. We hope you had a good week since the past week. What we're going to do is first off. How was your week, Graham? Good. Was it good. Good week. So something crazy that happened. And it just happened today. was that Kevin O'Leary from Shark Tank reacted to your millennial money. Yeah. And that was pretty ridiculous.

Yeah, it was. I wish, because the thing is CNBC sent me an email the night before telling me that, like, hey, this is going to happen. I think it would have been more surprising had I just, like, gone on YouTube and had seen that. And then been, like, totally caught off guard. Would it surprise me? But at least the bright side is that I had time to prep because I knew I was going to be doing a reaction to that video. So at least I had time to mentally be like, okay, how am I going to structure the next day around that?

Yeah, it was crazy. You texted me, you were like, dude, like all caps. And I was like, I was like, oh my God, I'm in trouble. I thought first off that I was in trouble. I wouldn't, if you were in trouble, I wouldn't start with dude. You wouldn't? No. Okay, good to know.

Good to know for next time. So yeah, that was pretty crazy. Another thing is during this past week, Graham and I went back to McDonald's as we said we would do in the first ever episode. So tell me what happened there, Graham. We did the, what? It sounds so dirty when they say it. I don't want to say it.

But we basically took the McDouble with the McChicken and you put them together and you eat them as one standard. It was decent. You know, it's good. I would say it's good. Did I over-hype it? Probably. It wasn't magical by any means. I mean, it's exactly as you think when you combine chicken and beef.

Except the thing is, they kind of taste similar. Like the chicken can go as meat. Really? I don't know. The chicken has a bit of a spice to it. There's something with the McChicken with like a, it's in the batter or something like that. We don't even know if that's real chicken. Yeah, that's what I'm saying.

That's why, you know, it could taste. I would say chicken, chicken's not that expensive. So I don't know. Probably beef is more expensive than chicken. I don't know. All right. Anyways. So yeah, we got the, we got the, we got the, I'll blur that.

And yeah, it was pretty decent. And the final thing is a happy anniversary. Oh, is it, is it our anniversary? Yesterday was. Wow. One year. Wow, that's crazy. Yep.

Happy. Happy. One year. Yeah. Nice. Congratulations. Yeah, congratulations. She survived the first year.

Exactly. Nice. So one thing that I figured is that I don't think I went into the last podcast with enough material. So I prepared a lot for today. And one thing that I thought was insane was the Joe Rogan thing. A hundred million dollars for what was, it was the licensing for his. I believe, yeah, I don't know the deal.

I think it was the licensing for the Joe Rogan podcast. So only exclusively Spotify can have that. So I think what he's doing is he's keeping it as is. And then I think September, he starts doing both. And then I think by November of this year, it's going to be just on Spotify. That's insane. I'm just trying to picture my head because I don't know what his net worth was beforehand, but waking up and just like getting $100 million.

$100 million. I mean, I don't know how it's structure or how the payments are. Because usually, I'm guessing those deals wouldn't just be here's $100 million up front. It would be we guarantee you $100 million a year for the next three years, you know, contingent on these certain things. Is that it? A hundred million dollars per year? No, no, sorry, sorry, what did I say? No, like a $100 million total, but we're going to pay you, sorry, like, you know, a certain amount per year, but it's going to be a contract worth $100 million. It's like, because you hear athletes get to sign a $20 million contract, $30 million contract. It's not all paid at once. It's paid Right, right. And you think that's just like recorded as income and just taxed as income with state and federal taxes? Just like,

I don't know how he has it structured. But yeah, I mean, a portion of that would probably end up in his in his pocket. That's crazy. And one thing that it reminded me of, just acquiring that big of a lump sum at once, is that this movie called Brewster's Millions. Have you ever heard of Brewster's Millions? No.

So it's about a guy who was like a failed minor league pitcher. So nothing spectacular. And he just finds out, like out of nowhere, his uncle had like a ton of money, basically. And the thing was, there was like, it was like a game. He said, if you can spend $30 million and have net assets zero by the end of it, then you get the rest like the other $300 million. So this guy in this movie, he had a month to spend $30 million.

And if he couldn't spend it, he didn't get the extra $300 million. But if he could do it, then he got like, you know, $300 million and like 10 times more than he initially got. Right. Which was like crazy in my mind because I saw this movie a long time ago, so I'm probably butchering a lot of the facts and stuff like that. But have you ever heard of Brewster's millions? No. And it's crazy to me because I think like what would you do?

How would you spend like that $30 million? easy I would say art, cars, watches, real estate, I mean... But then you'd have assets. Oh, you have to spend... Oh, and not have any assets. Yeah. So you have to have net assets zero from that $30 million. Oh, oh, okay.

Yeah, I mean, you could basically... And you couldn't tell anyone. Yeah, so you would be able to rent a really expensive house. There are plenty of houses that you could rent. Hampton's prime season, I think it's like $200,000 a month. you could pay even more for like full staff and stuff like that you could rent a whole bunch of houses like that you're not owning any assets on that you could rent some really expensive it's basically renting everything so that's what you would do yeah because in the movie he did a lot of

things like there was there were limitations with like you can't give away a certain amount you can't tip a certain amount right and I'm thinking like like I might just accept the 30 million dollars because in the movie he was this close to not getting you would have to have a plan but I bet you could plan it out and diligently, you know, plan to spend the 30 million box. It's just an interesting. It would take a lot of time. I mean, it seems like for a month you'd really have to try to spend that much money. Yeah, because, like, people came to him with, like, ridiculous investment ideas.

You'd be like, sure, write a check's, right a check. And one of them, like, paid off, like, a ton of money, like, back to his $30 million. So, like, and also at the same time, he couldn't tell anyone that he was spending this money. So everyone thought that he was just squandering. You know what would be a great thing is just gamble it. No, you can't. You can't gamble. No, there was a limitation on gambling.

Okay. But I'm thinking, like, no one knew. So everyone thought that he was like a loser and everyone started hating him. And, like, he ruined like a social life and everyone was abusing him for his money. You know what you? You could almost buy like really expensive, priceless paintings and then damage them. You damage them. And then they're so much less.

Like, imagine buying, let's say, like, a Mona Lisa, let's just say. People would be so mad at you. And you just, you drive it on fire. You lay it on fire. Something like that. And then the ashes, you sell the ashes back for, let's say, you know, a million dollars or something like that. And then now you only have a million. million to spend in 30 days. You know, you could do that with exotic cars, too. You just get like

a vintage Ferrari, you know, $10 million. Just crash it. Crash it. And then sell it a mill, right? It's got to be with something like that. And then just, you know, now you spend a million dollars something and you just repeat that. Right, but also the risk of having that, like $30 million, in my opinion is enough, right? Like if you put it in the market, it's like 7%, it's 2.1 million a year. So you could live easily off of $1 million a year, off of $30 million. And to take the chance of not getting anything in the end. It's a lot of work. I would probably, I'd probably take the challenge,

but I'd find a way to spend it. Fair enough, fair enough. If you had $10,000 to spend in one day, what would you spend? I know it's not a lot of money, but that's why I think it's interesting. But I can't have assets or I can't have assets. You can have assets.

$10,000. But you couldn't like buy it in the market or anything like that. Probably buy a watch. You buy a watch? I'd buy a watch. Fair enough. If I had to spend $10,000 a day and be a watch.

If you had a higher net worth, So if your net worth was, let's say, like, $50 to $100 million, how would your day be like? What would it consist of? Probably the same. You do the exact same thing? Because I know you get stressed out with work. Yeah, but I like it. So you like the stress.

Yeah, it's like working out. You know, when you sometimes work out, and it's like, oh, I don't want to go work out today. And then you work out and you feel so much better you did that. Same thing. Same thing with working, making YouTube videos. Sometimes it's painful to work out. It's painful to be you to work sometimes. then afterwards you're so happy you did it but would you still do like three posts a week on the main

channel like you know three to four on the second channel would you still post as much i like that because i i know once i start slipping on that the whole thing is going to crumble so i don't slip would you ever spoil yourself um i don't know what what like is they don't the aquarium honestly is the only thing is the only thing that i'd probably bigger one i'd probably do a bigger tank. I mean, if money were no issue, I would probably love to do like a thousand, two thousand gallon aquarium and, you know, something crazy. That's probably what I would end up doing. But no, you know, you know what? I would like to have a place with a garage. Because, yeah, yeah, yeah. I want a usable garage to park like, you know, three cars, I think might be cool. I'd love a

4GT, like the 2006. The original. Yeah, 2005, 4GT, I think would be, would be great. SLS, AMG, Mercedes would be another one I really want one of those at some point. Maybe a Z8 BMW, I think are really cool, or like a GT3RS Porsche or something. I think those would be great cars. Okay. Fair enough. What do you think about having bucket lists? Do you think that they're pointless?

Do you think that they're worthwhile to have? I never really gave it much thoughts. Do you have a bucket list? No. You know what? Not really. I have things I definitely want to do van life at some point. So I think van life is something that I really would want to.

try for like six months. I think it's really, that, that seems fun to me. Maybe, maybe like living on a boat for a month might be kind of cool. Do that. Traveling, I really want to spend like six months and just, just travel. Six months isn't that long. Maybe, I don't know. So you don't really actually have like a bucket list per se. But like, I mean, those are things I definitely want to do at some point. Van Life, I think, is probably, would be sooner than later. you know traveling I definitely want to do before I'm too old to travel so I definitely want to do that on the younger side of things otherwise no I'm very I'm very happy just just as as things are it's amazing to me how just like fine content you are with everything I guess it's really cool

I asked Graham a really interesting question which was one thing that I have is if I wake up shoot dude was that me dude Here, let me just, there we go. You got to put it, do not disturb. If I woke up from a bad dream, I'm happy. Like, I'm happy that I have a bad dream. Because then when I wake up, I know that it wasn't reality and I can go back to my reality and just be like stoked, you know?

But if I have a really good dream, I remember the worst dream I've ever had in my entire life was I had a dream that I found 10 Honest Wagner baseball cards, T2S6. So it's like, and those cards were like $500,000. So I was like, oh my God, I have like $5 million in baseball cards. I love baseball guys. I woke up and I was just sad. I was like 10T206 is just gone. And it was like depressing.

And I asked Graham, I was like, if you have a bad dream, do you feel the same way? And he said like, you know, he doesn't feel the same way. Like he's happy when he has a good dream because he wakes up and he still thinks that his like reality. He's just kind of a dismal thought. But I, that kind of dumbfounded me. I didn't think that, I thought a lot of people were happy when they woke up from bad

dreams. Jeff versus Taco Truck Salsa, whether it's Verde, Roja, or the orange one. For Jeff, trying any salsa is like playing Russian roulette with a flamethrower. Luckily, Jeff saved with Amazon and stocked up on antacids, ginger tea, and milk. Habaniero? More like habanier, yes. Save the everyday with Amazon. Wait, I never said I wasn't happy to wake up from a bad dream. No, you said that you were happy waking up from good dreams.

Yeah, because I feel like I'm excited for life. So yeah, so I'm happy to wake up from a good dream. But then you realize it isn't the reality. I'm happy with reality, though. I mean, reality is pretty good too. They're both good. I think reality is just as good. Okay, good, good answer.

Yeah, for me, my bucket list would, it'd be pretty simple. Graham said that he wants or he'd like for me to get a Corvette at some point funny enough mid-engine That's it's it's been one of my like goal cars since I was a kid I always liked to Corvettes And then I'd also like to get a Tesla if possible Cool Do something impactful and to be like you know wealthy enough would be my bucket list basically How wealthy wealthy enough what is that I don't want to have to worry about money I want to be able to travel like you're you're definitely

Yeah but you could do that off 750 grand But I don't want to travel Like in like You know You wouldn't have to worry about You know couch surf and stuff like that Like I want to travel like nice places But so you want to be at like the Marriott and the Hilton

Yeah I'll take a Marriott I'll take a Ritz cart I'll take a Ritz. I think that like for you wealthy Like I think You know if I was as wealthy as you I'd be good enough Like income obviously I'd be stoked

If I had your income But I would be content at that Yeah I don't need like $30 million dollars If someone were to give me it And I got like sure I have a friend that said he would not accept, like, if someone gave him $30 million.

Because then the chase is over. No, he said because he just doesn't want it. Nothing about a chase. He just doesn't want to be wealthy. Like, he's like, I'd probably just buy myself like a $500,000 house. I don't know. That's where your friend's lying. That's what I said.

I was like, no, no way. That's not being truthful. No, that's what I said. But he was like, he was so set in his own ways that he wouldn't want it. I don't know. I don't know. Unless my only thing would be like if you give someone that, then there's no chase. and there's no reason to pursue anything.

But you would accept $100 million. Yeah, I mean, yeah. I want to see with 95% certain day I would. But there's still a 5% that you wouldn't. Yeah, because there's that nervousness of just what if. Like, you know, if you take it, what if this changes things? And what if, you know, you lose that hunger because all of a sudden you've been fed so much, you know?

It is a lot more rewarding to work for it. Maybe. I think that for you, it's not so much about the money anymore. I think it's more about just like the work ethic. just like the drive. So that could still be there if you want to do. Yeah, I think it's about the accomplishment. But if you were to get $100 million,

what would you do the next day? I wouldn't do anything for probably two years. I'd probably sit on the cash for two years. I wouldn't do a single thing to it. But like not, like you would just go about the same day. Like, what's up, guys, right here I'm here? Wouldn't change a single thing for two years. Dang, that's crazy.

Maybe a year. But I would probably just, at the, at $100 million, what I'd probably end up doing is just, I'd probably put $70 of that million into the stock market and then maybe 30 and just buy real estate outright. At that point, you just don't need it. It's better to just take the safe option. That's what I would do.

I would do probably like 10% bonds, like 5% gold and silver and like maybe 3% Bitcoin. And then most of it, I would just do real estate and the rest. I would do like stocks and dollar cost average those. What are your pet peeves, Graham? What really grinds your gears? Jeez. Two of my pet peeves would be littering. It really, really makes me mad when people litter.

And people that don't say thank you when I open up the door for them. That right there, like every single time someone doesn't do it, I just want to look at them and just say, you're welcome. Like every single time, because I'm going out of my way to help them. Yeah, but you don't, but you going out of your way doesn't necessarily deserve a thank you. You go out of your way because you want to help someone. But I make sure that I say thank you when someone opens the, when I cross the crosswalk and there's a car going, even if I'm on a run, I'll go, See, I just feel like you're not obligated to receive it.

Like if you want to open the door for somebody, you do it because you want to open the door for. We don't do it without the expectation of getting it. I know it's nice. It's cordial. You know, thank you. I would say thank you. But yeah, you can't be angry that someone. You do something for someone and they don't do something back.

But I'm not expecting anything. I mean, like, I guess in a way I am. But it's not necessarily like I need to be thanked for my own sake. It's like I see them and I view like them as like, like, I'm just like, how could you not act knowledge that. It's not on me. Like, I don't need to receive a thank you. I don't need the compliment. But what I do need is just like, to see that they are the type of person that would thank me. Right. Thank me. Okay. So yeah, I guess one of my pet peeves would be just people who are closed minded. I would say that's a big one. Yeah. People that like really get angry at people like, you know, not saying thank you for closing her for. Very. Yeah, exactly. But no, I'd say people who are closed minded get to me because I just, I don't get it. Um, God. Oh, oh. People who are late, that gets me. If you are late and I have to wait for somebody, I can't stand. That is the one thing that makes me angry than anything.

And I rarely get angry. But if I'm kept waiting for something, I do not like it. Because I'm always like, I want to see 99% of the time I'm very punctual and I get there early. So I feel like if I make an effort to get somewhere early, if someone else shows up late, obviously if something is way beyond their control, fine. But even that, you call in advance. As soon as you know you're going to be late, you explain that. That's really fair because it's like they're valuing their time over your time.

They think that their time is more important to you. I forgot. I just thought of it right now that you said that is cutting in line. I hate line cutters. Like if I see someone cutting in like the snack bar line at high school, that is who they are to me. They're a line cutter to me. Like I don't even like, like there are people that all I can think of when I, like, when someone says their name now is just they are a line cutter. You know what's funny.

When you say line cutting, the first thing, I think of is cutting on the freeway. You know, like when people like skip all around in Virginia. Actually, I read a survey or I read a study a while back that said, the nicer or the more expensive car you have, the more likely people are to let you in. Is that interesting? That's super weird.

Yeah. So it goes to show you, like if you're driving up in a Ferrari, you want to cut everybody or like a high-end car, people are more likely to like do. But do you think that that's because they take more like chances at like cutting people because I feel like people that drive nicer cars kind of drive a little crazy? I think it's the perception that that must be someone important or that person has status because they have a more expensive car. I'm not going to lie, Grant. You're driving sometimes scares me.

Mine? I don't think I don't know what you're talking about. I think it's very scary. When I'm in the car with you, I'm not going to say how fast you're going. But you're going a decent speed on the freeway. And it's very jerky. No. Okay. So I'll say this. In all fairness, I think I drive like a grandma to be it. But I get in the car with you. And it's just like there's no. urgency to get anywhere with you. It's driving below the speed limit. Yeah. If a light turns yellow and we're like kind of there, it's like, well, let me just slow down. And then we're slowing down, like the light turns yellow. It's like five seconds yellow. It's like could have just gone. I'm a

passive driver. Yeah. I don't, I don't like to be. Compared to you, I drive fast, but I think compared to a lot, I think I drive the speed. I do drive like a grandma sometimes. I will admit that. Yeah, I get really scared going more than seven over the speed limit. That's just where I cut it off. Yeah. But yeah, a little jerky. Oh, that's a Tesla. Because that's a Tesla, because that's That's the instantaneous. I know, yeah, yeah. So the number one Google trend for today, I feel like it's all right. It's called the Mabira.

It's an instrument from Zimbabwe. And apparently Google does this thing called a Google Doodle, where they change the pick, the logo of Google when you do, you know, www. and www.com. And today it's the Mabira. Oh, you can play it. Play it in the speaker.

You see that thing? Yeah. It's crazy. Oh. Isn't that cool? I had something like that as a kid. Like a little thumb thing? Yeah, like a little thumb thing, yeah.

I had no idea what that was or what it was called. I just thought it was like this fun little thing. And you'd go like, ding, ding, ding. It's interesting. It's just a bunch of metal bars that stick out of like some sort of, like, I don't know what it is. But you just flick your thumb on it and it makes like. And they each have a different tune and you could just sit there, just, you know, flicking this instrument. So it's like Culture Week or something in Zimbabwe.

So they made that the number, because it's like their natural instruments. So they made that they're Google Doodle. So last week I sent out some suggestions for the name of the podcast, and the winner was the iced coffee hour. So I think that we're going to choose that for the name of the podcast, but I'd like to say some honorable mentions. Graham's 20 cents. I like that.

I like it, too. I really like it. 20 cents is a coffee. Graham's 20 cents. Great title. Yeah. So thank you, whoever said that. Yeah, that's a good one.

Telegram. Okay, clever. Let me guess. Instagram. Yeah, so telegrams pretty good. I like it. Money Talks with Graham Steffen. That's a good one. I like Money Talks. Isn't Money Talks? Oh, you know what? Money Talks is a YouTube original series called Money Talks. Yeah. I didn't know that. Yeah, I think a few of these probably were not like completely original. The Papa Graham Graham podcast, PGGP.

That's that's funny. It's so like. Takes me a second to get that one. Yeah. PGGP, not bad. 20 cent power hour. Cool name. I mean, I like power hour. you know. Yeah, yeah, yeah, exactly. Decent, okay. Graham and the Cracker. That's funny, okay. Graham and the Cracker, not a bad one.

The long term. The long, eh. It's fine. That was probably one of my least favorites of the honorable mentions. Okay. Graham, Stefan, builds your wealth, and then in parentheses of knowledge. A little wordy. It's a little wordy, but I like the creativity.

Okay. Poor No More podcast. I think it's okay. I like this one. The only issue is like, if I was telling my parents, they're like, oh, what are you listening to, Jack? And I say, oh, the porno more podcast. Yeah, I don't like the connotation of the word poor. And I think I want to appeal to, you know, the whole audience, whether you're poor or rich or whatever.

I'm also just thinking of many scenarios where people say porno more. And then people automatically, like, it doesn't sound. It sounds like porno. That's what I was saying. Yeah. So if my mom's asking me, like, what are you listening? Porno more. Yeah.

Yeah. That might be a little bad. And then money where your mouth is. I like that title. Yes. Some dishonorable mentions that I have. The lasagna in the dishwasher podcast. Graham in a car grabbing 20 cent iced coffee.

All right. Reminds me a little bit of like Jerry's sign. I think that's what they were going for with that. Or Dead Mouse used to do his podcast in a car. Really? What was he doing in his car? He would drive a, you'd pick up whoever he was, his guest was, and usually a really high-end car. Usually it was his McLaren, and they would just drive around, go through the

drive-thru. And that was it. They would talk in the car, go through, drive-thru, and that's it. And it was a guest, like a celebrity or something? Yeah. Interesting. So now we're going to move on to the next segment, which is audio submissions. Hi, Graham. I'm interested to know what your food budget is like for each month. There you go. Eden, I don't really have a food budget. I don't really think about it. I'd say just every purchase, I kind of think in my mind how much that's going to be. At this point, since I've been working from home, and I really haven't done much, I would say my food budget has gone up because just going and getting takeout a little bit more often, like that becomes my thing to enjoy. Like, I'll work all day and then I'll enjoy going

and getting like some sushi or something like that. So it's probably gone on. Probably at this point it's a few hundred bucks a month, I'd say is what it is. Do you think that you've fell victim to the hedonic treadmill at all? Like, since you started making more money? No. I would say the biggest thing is just not leaving the house. I like splurging a little bit more now because it seems like a nice reward for the end of the day. Obviously, I wouldn't be doing that if I didn't have the income at this point. But yeah, it's just, like, I haven't left the house since, like, for two days. So, like, it makes sense.

Like, last night we got the cheesecake factory. But so, like, that's a small little reward. When did I leave the house? We left the house on Monday. For what? To go to McDonald's in the gym. Oh, the gym. Monday.

So I haven't left the house since Monday night. Wow. How do you feel? Graham, you're still more tan than I am. I don't know. Well, because I work out in the backyard. Do you really? Yeah.

Work out there? Yeah, so I don't work out. But, like, I work out in the backing. Yeah, usually I'm out there at 9 a.m. on my computer. So, yeah, that's why. But yeah, I guess I haven't I haven't left the house since Monday. That's all right, man.

That's okay. That's groovy. But so, yeah, so that's the reason why I think it's going and getting food like that. It seems like a nice sort of reward since I'm not leaving the house anyway. Right. Plus you probably feel more compelled just to like leave the house since you're like stuck at home. A lot of that's delivered. So I just don't leave the house anyway.

Yeah. But sometimes it is fun. Like, you know, last night I wanted to go drive to the cheesecake factory, but to like to like timing just didn't work out for that, so it was delivered. Okay. No. Fair enough. So there you go.

Second submission. Let me pull this up. Hey, Graham, huge fan here. I was warning if you could do another episode of Extreme Cheapskates on the second channel where you try to bake cookies in your Tesla. Yes. That's a great idea. That's a really good idea, actually.

We have not had that warm of a day. Like, we really got to wait for like an 80 degree, 85 degree day. So when that happens, yes. part of my fear is that the whole car is going to smell like cookies for I don't know how I don't know how you get that smell because I'd like the smell of the car I don't I like the car I don't like the car I don't think cookies will like permanently change the smell of the car it might because you get you get some food in there sometimes it just it stinks at the car like it smells like fresh you didn't Graham girlfriend's car I don't know she'll I guess she wouldn't I don't think she'd have a problem

yeah I could do that as long as she's okay with that I'll do that You do it in my car if you want. I'll do your car too. There we go. Yeah, we'll do it. Yeah, that's a good idea. I do want to do that. I think it's a great idea.

The extreme cheap skates thing was really interesting to me because everyone wants you to go dumpster diving. Are you actually going to do that? If enough people want it, I think people do. Like, here's the thing, I don't think, I don't know, first of all, I don't know where to dumpster dive, but I guess we could figure that out. I don't know how clean that is. I don't know if I'd feel comfortable eating out of a dumpster. Okay, I don't, I didn't. Okay, I didn't think that we'd go that far, to be honest.

What do you think? Well, back in the day, there was like a dumpster diving community on YouTube where people actually go to dumpsters. Like, I used to play video games, so I would see people go to, like, dumpsters at GameStop, and they'd pull out, like, fresh PS3s. Okay. And I'd be like, are you kidding?

I mean, like, I think that they planted them there, to be completely fair. They could. And, like, video games, like actual, like, Xbox or PS3 games, they would find just in the trash and, like, posters and stuff that they just threw out. So I actually went one time. And I went dumpster dive.

There was nothing. I just got dirty. It took like four hours and I got some boxes and that was pretty much it. I got boxes. Like that's the thing. I know that's going to be a long video to make and it requires me to actually go to a dump. Like find a dumpster, go there, sift through it, clean off. Like that's a five hour long process.

I just have to consider what my time is worth for the five hours. What about enjoyment of making the video? Enjoyment of it. Yeah, but sometimes I enjoy making the main video. like the main channel video. I mean, this would be something on the second channel. So I have to consider, like, where I'm going to get that time from. It's got to come from somewhere at this point.

So it's what, what am I skipping so I can go and dumpster dive? So I'm sure it'll happen at some point. I just got to make the time. We'll go. I actually really want to go dumpster diving. I think that would be fun. Okay. This from Hector.

Hey, Graham. I'm 15, and I've been using this quarantine period to learn about finance and making money. But I've been wondering how I could stop wasting so much time doing useless things like playing video games. And I'm sure many others my age have a similar issue. Any thoughts? Yeah, you just got to force yourself. I don't know. It seems just like a lack of motivation there. You just got to force yourself. Part of that for me is you got to hide the video game from yourself. Like if you know you don't have self-control, don't do it. Don't put yourself in a position where you're going to give into it. For me, I would say a big one would be like having chocolates in the house. I know for me

in the afternoon, I would really crave chocolate. So I purposely just won't go and get chocolate because I know, like, I don't have the self-control to hold myself back. I think it's the same thing applies. If you're going to get caught up with video games, you've got to put it away. That's fair. My old cross-country coach told me the hardest part of going for a run is just putting on your shoes, which I totally agree with.

I think the hardest part about starting to be productive is just taking that first step and, like, making the first move to try to do something productive, to, like, work towards a project. And once you kind of get into the rhythm of things, it just kind of goes. Yep. From then on. I could see that. So, yeah, just unplug and start working on something. Totally agree with that. And also, once you get into the rhythm of working on it, the next day, getting back into it, it's so much easier. Like, make it a habit. Yep. Final question. Hey, Graham. I'm from the YouTube channel S. Dot Manet Cherry. Cough, Cough, Cove. Shameless plug. And I was just wondering if you'll be telling us about how much money you make from this new

podcast of yours. Thank you. Yeah, I don't see why not. No, absolutely. I'm curious to see how this plays out. I really have no idea what to do it's out. My guess, worst-case scenario, even if we post these up on YouTube, like worst-case scenario, one video a week, $1,000 a month, worst-case, I agree. I would say. That's like, that's probably if it's just, you know,

no one really watches or enjoys it, but I'd say $1,000 a month. It's probably the worst case. Best case, I have no idea. It just depends. Who knows? $100 million? in three years or whatever? Yeah, I mean, you never know, but yeah, we would start having bigger guests on,

you know, like Elon Musk's. Like, once you start having Elon Musk's on the channel. Exactly. And you have someone on your podcast and it gains, like, newsworthy attention, then I think that's the point where, yeah. All right, so now I'm going to ask you a couple of questions I really like. Okay.

Would you rather have no money and three kids or no kids and three money? What's three money? Which one is it, Graham? I probably picked three kids. Three kids. If I'm going to be completely broke and I had the choice, I'd rather have.

See, I don't understand why people, the way I took it is like, it's such a black and white question. Like, I think like, obviously, I'm 21. I want three money and no kids. But I don't know what, like. Yeah, but this is forever. Like, I'm just assuming. Is it?

We don't know that. If it's like right now today, what do you want? Obviously the three money. But if it's like the rest of your life, Either you're going to have no money or three kids or sorry no money and and I don't know Whatever you know what I'm saying anyway if it's the rest of my life I'd rather have kids and then at least they could make their own decision if they want three kids too or they want three money Fair enough. I just see you think that it's for like the whole duration of the rest of your life I think I don't know how I take it I just personally I would choose a three money no kids right now and I don't know

That's it yeah I mean but yeah If it's right now I pick the three money if it's For the rest of my life, I pick the three kids. Okay. Fair enough. Is cereal a soup? You can't look this up. I'm just looking defined soup.

I want to know the definition for soup. Soup. Okay. Soup says a liquid dish, typically made by boiling meat, fish, or vegetables, and stock or water. A substance or mixture perceived to resemble soup in appearance or consistency. I would say it is a soup. Okay, well, here's the thing. Serial itself.

is not a soup. It becomes a soup when you put it in milk. Then it becomes a soup. It's like saying, you know, is pasta a soup? No, not really. Like, ramen is not a soup on itself, but it is a soup when you combine ingredients. So I would say cereal in a box is not soup,

but cereal when you add liquid to it becomes a soup. I don't think anyone was asking of cereal in a box. Yeah, but, but, you... But you have to clarify that Because it could be a strict question Like a box of cereal is not in itself soup Okay Fair enough

I think I can attest to that I agree with that If cereal is a soup Is a hot dog a sandwich I would say no Because Really? Yeah no

Because the sandwich You don't usually have two buns That are connecting Every time I barbecue hot dogs I barbecue the buns And if you barbecue the buns They will break apart That's a tough one

I feel like if you're one to argue that... The hot dog could be a type of sandwich. Like you have a Philly cheese steak sandwich. Like a wiener steak. I feel like I heard that. Burger is a sandwich. A BLT is a sandwich. Then yes.

Actually, yeah, I changed my answer. Yeah, I think if you say that cereal's a soup, you kind of have to say like hot dog to sandwich. Right. Would you rather fight the final question? A hundred duck-sized horses or one horse-sized duck. I've heard that. 100 duck-sized horses. I think so, too.

I think it's probably more manageable. I think so, too. because he can't fight a horse. Right. And a duck actually has like a mouth that you can bite you with. That could be really dangerous. I think that's, yeah,

would not do that. Really dangerous. I like the little tiny ones. What? No. What if it was like 200? Where do you think you put your limit at? For duck-sized horses.

I put mine at 300. I don't know. Depends how well they're coordinated between them. Because the thing is just like, you know, one ant on itself is not that, you know, not that bad,

but you get hundreds of thousands bows and arrows on them. And then, you know, yeah, how smart they are, how, you know, agile. I don't know. I'd probably a few hundred. I might go to, maybe like a, I don't know, 500? I don't know. A 500?

Something like that. I don't know. It's a lot. I don't know. All right. Fair enough. So, I mean, that was, I thought I prepared so much more this time. I was two and a half pages in material.

Really? Yeah. You know what's kind of cool right now? I just noticed CNBC. CNBC make it trending. So not the main CNBC, but CNBC. but CNBC.com slash make it. I think.

Because the Kevin O'Leary thing. The Kevin O'Leary thing. Every number one... Yep, or number one trending. Are you kidding me? Well, let's see, but CNBC make it. So it's like they're offset. So it's not...

It's like, CNBC trending, the main page would be like, wow, like that's like major... If you go to CNBC right now trending, it's like, I can't compete with... How long you can take before your stimulus check arrives? President,

President, billionaires got richer. Oh, you know, here's one. Here's what we can talk about. American billionaires got $434 billion richer during the pandemic. $434 billion? Yes. U.S. billion saw their fortune soar by $434 billion during the national lockdown between mid-March and mid-May, according to a new report. Amazon's Jeff Bezos and Facebook's Mark Zuckerberg had the biggest gains. That makes sense.

It makes sense. Here's the thing. Like, I saw this, and it seems like they're trying to spin it like really wealthy people are taking advantage. Like, this seems like the laws are conditioned to be good for them. It's like the rich get richer. That's to be how it's structured. Now, they don't mention that, you know, overwhelmingly, you know, a lot of people had their wealth go down during this. I mean, you could probably survey most millionaires or pretty much anyone involved in the stock market is going to have their wealth decline, whether they're worth a hundred.

100 million, 50 million, whatever. The thing that they isolate on this is that generally, to have a net worth of a billion dollars or more, usually it involves something that scales on a mass level. It has to do with the Internet. You're going to find very few billionaires who did so as like, you know, building, you know, a real estate empire, way fewer than you will, like some 35, 40-year-old who did it with the Internet. So it makes sense. It just so happens that during this pandemic, we all went online.

And so it makes sense that these people have. Billionaires have online stuff. Yeah, and so that's how they make their money. So it makes sense that they have a business right now online that just happens to be thriving during this time. So to me, it's no different than, you know, oil going up in price. And it's like, oil, like oil billionaires added money to their wealth where the stock market goes up.

And they could say, like, you know, the average American added 10% of their wealth during, you know, these months. So to me, it's nothing surprising. But what I want to know is what percentage of billionaires actually made, like, lot of money because I feel like that would be a lot more relevant than just saying the billionaires made this much. Because what if it's just like a few billionaires at the top that made so much that offset the losses of like some lower billionaires? You know? Yeah, let's see. Because no way every billionaire made a bunch of money. Let's see if we could figure out where the

report is. I don't see any report of just like how do we? The ride that steals the spotlight every time it hits the road, that's the Volkswagen Tiguan. Its sleek exterior makes a first impression you can't ignore. Step inside to find available full leather seats and wood accents. Under the hood, the available 201 turbocharged horsepower engine gives it a fun to drive edge. The refined Tiguan, you deserve more style. Visit vw.ca to learn more.

SuvW, German engineered for all. how they get the information Where do they get the information from? It says American billionaire's southern fortune soar by four Okay, so okay According to a new report They don't Where is the report?

Let's see, oh wait, here According to the report For the Americans for Tax Fairness and the Institute Policies for Program of Inequality I don't think it's it, I mean It's just Sounds like they would have an agenda Yeah, it seems like they're painting this to be a negative

But to me, it just so happens to me that they had a business that is in very high demand. And also, I wouldn't expect this necessarily to continue. I mean, a lot of this is on paper as people are not going and doing their shop, but everything is online. I would expect that to come down at some point. I don't think that it's going to remain as high forever. And I think it's going to take some time to catch up after things settled down. But I think they had a good product. They had a good service that just so happens to be in need. And they're offering a lot during this time that people use on a daily basis. So, you know, I don't have a problem with it.

It makes sense that, like, you know, Facebook and Amazon would be doing extremely well right now, though. Yeah. You know? Oh, yeah, of course. And it also goes to say that Ralph Lorenz saw his wealth drop by $100 million. So now he's only worth $5.6 billion. Are you kidding? Well, hotelier, John Pritzker saw his wealth drop by $34 million to $2.56 billion.

At that drop is nothing. Because you've got to think, $5.6 billion. to have your net worth drop $100 million That's what Yeah That's not that Yeah

That's like a bad year In the market Yeah I mean If someone is worth 100,000 And they have it all Invest in the markets

They're down 10% That would be Yeah Ralph Lauren is down three Right So you know Plus I feel like a lot of rich people Like that caliber

Of like wealth They're probably really Diversified in their portfolios Don't you think So like they wouldn't be hit so hard by it Ralph Lauren is not sweating a $100 million loss at that level. It's just, that just becomes this arbitrary number.

It would make no difference at all. But yeah, so I found that interesting. That's CNBC, guys. And then, oh, what's this? Kevin O'Leary reacts to a 30-year-old YouTube millionaire refuses to spend money in coffee. I like how they do that. Refuses to spend money on coffee. It's true.

When's the last time you got Starbucks? I got it as a gift. for somebody else. The guy who's been helping us out at the nursery, not like the plant nursery, has been hooking us up a lot. So his request was like, hey, you know,

if you wouldn't mind the next time you come here, just get me a Starbucks. He wanted a, like a tall, iced coffee with some cream and two sugar. And I thought for fun, it might be kind of funny just to make my own coffee and get a Stargo's coffee and do the same thing and see if he notices.

But, but no, I went through with it. I got him a Starbucks. 27-a-house coffee is good. Like, I remember you didn't really talk about it before. Like, we, you know, started working together because it came to fruition through the second channel. But the first time I tried it, it was really, really good.

I told you. It's decent. Well, a lot of it's covered up by the coffee cream. Right. So coffee creamer is really where the flavor comes from. But it's good. It's good stuff. Yeah.

One thing I find really interesting, Graham, is that you tell people to make TikToks. Like, you advise that. to a lot of the people that are trying to grow their reach. Yeah. Yeah, but why don't you do it, man? I just think it's silly. I can't deny it works, but like I just think it's silly. I barely have the time to do what I'm doing.

So, excuse me, I need a sip of my coffee. Sort of subject for me. But yeah, I barely have this time to do what I'm doing. So I don't want to add another thing into the mix. I don't want to learn something else at this point. I just want to continue getting better at what I know, what I'm good at. You know, I was, I used TikTok briefly.

It's, it's just, not my audience. I have a TikTok. You have an account. Yeah. I saw your video. Yeah, it's just not my, not my cup of coffee. It's just, I don't like making the content on there. Just don't like it.

But it works. So like, I acknowledge it works. I get it. It's just, I personally right now don't like it. Maybe we come back at this a few years from now. I'm like, you know, I'm not known as like some YouTube guy. I'm like the Grams Devin, the TikTok guy. I don't know, but it's just not, I just don't like it.

No, that's completely fair. Like, did you know it's the most downloaded app ever? That's crazy. Wow. I heard that, and I think it's right, that it is literally the most downloaded app ever. I would be surprised it's on Instagram. No, I think it, I think it's the most. Oh, it says it's the most downloaded app on the Apple App Store.

Oh, makes sense. Does it? Yeah. But Instagram and Snapchat are selling the Apple App Store. TikTok becomes most downloaded app after crossing the 2 billion mark. 2 billion people. Wow. That's over 25%.

Over 2 billion TikTok downloads. I wonder how many of those are just how many people that is. Right. I still think it's probably over a quarter of the population of like all humans. Wow. Why? Oh, you know what? Quarter one.

So it actually, it peaked in quarter four of 2018. went down 2019 and then this year so far it exploded probably because of the pandemic yeah I think just it gives people a thing to do it's just another thing to keep our minds occupied and it's TikTok

so I was a hater of TikTok I didn't like it and I saw no point in it I thought Vine was better than TikTok and I decided to get one because my friend told me to get one I haven't made any TikToks but I saw it and actually after spending a little bit of time on it it's funny

Yeah, I like the for you page, the main page, whatever it is. You get some interesting stuff. And you can't deny, there's a lot of creativity that goes into some of these things. And I'm like, how do you do that? How do you think of that? Like, that's really good. Interesting to see where it develops from there. I see a lot of people going from TikTok then to YouTube, which is interesting.

But, you know, I think whatever platform you could get on is good. Yeah, I mean, it works. It's just I might be. little too old to jump in at this point. That's how I feel. I might cut this, but do you know who Jason DeRulo is? He's like the king of TikTok right now. Are you serious? He has 20, he has like 20 million followers on TikTok and like 4.5 on Instagram. Wow. Jason DeRullo is big though. Yeah, but why four times the amount of followers on TikTok on Instagram? He makes so many TikToks, like so many and he's super into it. I think it's the funniest thing. Yeah, Jason DeRollo was a big music guy though,

like 10 years ago. Like, he had a lot, quite a few hit songs. And it's good to see he's continued that momentum. Yeah. Wow. Because I don't know if I know any new music by him, but, uh, wow. Way to go. Way to go.

Jason Derillo. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.

Yeah. Yeah. Yeah. So, yeah, this is good. So I think for the next one, though, what we should end up doing is, uh, let's find some news stories that we could discuss and talk about. And, um, that way I feel like it's less of like a Q&A and, like, more of a discussion that we could talk about like current events and let let us know down below in the

comments or reach out or do something let us know what you think of that I mean that that's the direction I think would be rather interesting but whatever you think man I agree I think it should be more conversational yes than Q&A based yeah I think that's a good idea so otherwise we're going to run out of stuff on a Q&A there's only so much to Q&A right right news is forever um so yeah thank you guys so much for checking this out this would be the second episode yeah and you'll see the third next week exactly Exactly. So, and with that said, thanks for watching guys. Thanks for watching. Smash the like button. Add us on Instagram. Two free stocks down below in the description. Do you get Weebel?

Weble. Weeble. Get your two free stocks. One of them's worth up to 1,400. And yeah. With that said, you guys, thanks so much for watching. And until next time. There you go.