The Iced Coffee Hour - Confronting Andrei Jikh | Can Bitcoin Reach $1 Million

Episode Date: February 24, 2021

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My name is Andre Jick and I have my two guests here, Graham Steffen and Jack. Hi, how are you guys doing? Hi, you're doing so well. Hey, I got one question for you. Hey. How much have we made on the podcast so far? You guys made $40,515 and 54 cents. Wow.

Fantastic. Yeah, cool. That was a great introduction. Thanks so much for coming on, Andre. Hello, love. You should, your go-to line now is, wow. Wow, amazing intro. That was the best one we've had.

But do it like Dogecoin style, much wow. Well, welcome. Now, for those that don't know you, Andre, thank you. You have a YouTube channel. You're the Las Vegas Graham. Right. You have another personal finance channel on YouTube. Way to insult your guest.

1.2, 3 million subscribers now. Almost 1.3. Congratulations. And growing at a rapid rate as well. It is rapid. The rate is rapid as, yeah, rapid ash. What are we talking about here? We're going to talk crypto today.

Okay. We're going to talk crypto. We're going to talk a whole bunch of personal finance and investing stuff. And then we're going to be talking about us hiring someone new to come join on the team. I will not be applying. You don't want the job? You don't want the job. No.

I don't hire you anyway. I'll apply. All right. But yeah, so welcome. Thank you. Thank you for having me. Yeah, we were talking about ad revenue. Are we comparing?

Yeah. What's your to date revenue? My to date one? Gosh. Do you want to, like, how do I send you a screenshot or you just want me to say it? Yeah, just take a screenshot, sure. Um, I'll send it to you. But really quick, you guys, we have to thank Backblaze for sponsoring this episode.

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Once again, that is backblaze.com slash iced coffee. Protect yourself today. Thank you, Backblaze, and back to the podcast. But I think today I'm going to officially break a million. I'm right now. Today? I'm at $997,394. But I've been averaging $6,000 to $7,000 a day on rad revenue.

Holy crap. Congratulations. Thanks, man. This calls for a celebration. That's a big milestone. That's a huge milestone. To say you made a million dollars in YouTube ad revenue. That's insane, right?

Wow. But now here's the kicker is that I bet most of that was in the last year, right? 100%. Yeah. Because, well, let's see. My 2020, oh man, this doesn't give me a breakdown for the years. But, yeah, like my January was 104,000. My February so far is 90,000.

So I guess, yeah. Congratulations. Thank you. The IRS has entered the chance. chat. That's really why we're doing this. Grams and insider agent. It's so funny because every time I post

about my income, every single time it says like the IRS has just entered the chat. Or they say California has just entered the chat. Well, I don't even know how California is letting you leave. Well, see, I mean, I've legitimately leave. I've changed. I've left.

Anyway, congratulations on the adrift. That's really exciting. Yeah, what are you at right now? on ad revenue. Yeah. I think three something. It's, uh, it's been wild. But you've been on YouTube since 2017 or 16?

Yeah. Technically 2016. Yeah. Because I started, it was the day after Christmas. So December 26 is the first day I started. But realistically, 2017. Uh, yeah. Like January.

Uh, it was lifetime. Wow. $3,745,000, $697,000. $697. 30. Do you still check that at all, Graham? What do you mean? The lifetime revenue.

Do you ever check it? No, rarely. I like to see the graph going up over time. As long as it's doing that. You don't say. Yeah, as long as it's going up, I know I'm on the right track. So. But anyway, yeah.

It's crazy. Like, I can't believe this is real. Like, just sitting here and being able to say that out loud. Like, I know people watching this are probably so desensitized to this because everybody on the internet's a millionaire. But I don't. take that for granted. Like, this is crazy.

Just to be able to, like, sit here and do videos and, like, that's crazy. Work without a boss. Like, that, what? Yeah. That's insane. That's incredible. It's probably because you still live a really modest life. Yeah.

So it hasn't really settled in yet. No, I don't think it will because I don't think I'll ever, like, live a crazy life. How long have you been in your current place for? In the one I'm renting? Yeah. Five years. Five years. A little over five years.

And what's your rent? You rent's like $1,500 a month, right? 1400 split between three people, so 450 for each of us. Wow. And so you've kept the same 450 a month apartment for five years? Five years, yeah. Wow. Yeah.

So I've been saving a lot of money, which is great because there's a foreshadowing. But anyway, I don't know what I'm talking about. Wow. We'll have to see what that is. But you've been investing a lot of the money lately in crypto. I have, yeah, I did. What got you into crypto? What's your total portfolio right now?

You got to be like 700 grand now. What's your principal and what's the amount of profit you do? Yeah, yeah, I'll show you. So I know my principal is around $100,000. So I'm going to open up my block. So I buy my crypto off of Gemini, but I know Coinbase is like equally as good. Right. So if people are using Coinbase, that one works too.

They're honestly both great. I wouldn't buy it on like Robin Hood because Robin Hood and all those free brokerages, they don't let you take your coins off. So which you're, which means you're kind of buying a direct. You're buying a promise from them, which is not what you want to do because the whole idea of crypto is that you have sovereignty over your money. And so by using these more expensive crypto brokerages like a Gemini or like a coinbase, you have the option to remove it and go somewhere else, which is you want that freedom. So I use BlockFi. You could go to BlockFi.com forward slash Andre.

You'll get up to $250 or worth of free Bitcoin. Anyway, how do I get $250 worth of free Bitcoin? How much do I have to deposit? The average. Yeah, you got a deposit. I don't know what actually the amount is to get up to $250. It's got to be like $100 grand. Is it?

I don't know. I don't think it's that high. Yeah. A lot of those bank sign up bonuses that I get, like, get up to $1,000 on us. Yeah. You got to deposit a million. Yeah, deposit $2.5 million. It's like that was clickbait.

Like, don't put that in the headline. Like, how many people are really looking at an email? Okay. $6888,740. So, almost $7,000 in interest paid out. So I think the average interest rate between, because like after a certain amount of Bitcoin, I think like after one or two, maybe three, the interest rate drops. And I'm guessing that they're not going to have this kind of 8.6% interest rate forever.

It's as they mature, I'm sure it'll lower. But it's 8.6% on USDC, which is the stable coin, one for one. And yeah, 8.6% interest. But I'm making like $1,500 a month on interest alone. Three times you're right. Yeah, three times. times my rent, yeah, which is crazy, right? So like, yeah, I mean, if you're going to keep your crypto online, you should never keep it online unless you're getting compensated for it.

That's like the biggest tip. Because like most people that buy crypto, they always hold it on the brokerage they bought, you know, because like getting into the cold storage stuff is like, we can talk about it, but it's so complicated. People are just like, whatever, I'll keep it on Coinbase or Robin Hood or wherever. And what sucks is like they're taking the risk because if those brokerages get hacked, your coins are gone. And you can, like, you hope that that company will give you your money back. But in the case that it doesn't, that would suck. So if you're going to take that risk, you should be getting paid interest. You might as well, unless you don't want to take the risk, then you should take it, you know, offline to, like, cold storage. I use, like, the ledger nano,

but I know there's a ton of companies out there. What do you think the likelihood is, though, that one of those brokerages gets hacked? I would imagine that would be, like, for inevitable. For Coinbase to get hacked, let's say. That's got to be a huge thing. And you know if there's a hack, they're not just taking like a million dollars. And also, is there any insurance on Coinbase? Yeah, they're all insured for sure. I don't know like what.

What's up? By what? It's not like FDIC. Like Lloyd Bank or something. I'm not sure which insurance they use, but it's insured probably up to maybe more than $100 million. I know all of them that's like pretty much at minimum. They use a lot of insurance.

But even at $100 billion, that's kind of a drop in the bucket. Right. When their custody's billions of money. I'm almost thinking that if there is a hack, let's say if Coinbase, someone's going in and taking everything. Yeah. So, like, that would completely crash the crypto market if a Coinbase was to get hacked. It probably would because of the fear, which kind of sucks, because that doesn't mean the blockchain is hacked. It just means that company was.

Same thing that happened to Mount Gox, remember? Yeah. Yeah. If you guys remember or don't remember. Explain it, yeah. Mount Gox was basically this website that was a front for Magic the Gathering originally. And so the CEO, Mark Carpalis, the guy who. originally owned it. He was a Magic the Gathering guy. And then somehow they like converted their

website to a Bitcoin custodial like brokerage service. And because they didn't have their security, right, because they were like a, you know, trading card website, they got hacked. And that was like probably like the biggest scandal in all of Bitcoin was, was that. And how much did that affect the price of Bitcoin? Oh, it crashed it. It crashed like 90%. Right. Yeah. How long ago was that? I think that was like 12. Yeah. Something like that. Yeah.

Somewhere around there. And I don't know if that thing has been resolved yet. I think people are still waiting to get their money back, but they will. But would they get the money back for what it was worth back then? No. No, they won't. They won't. I don't think they will.

I don't think they're going to get their millions of dollars back because they've had thousands of Bitcoins. It's like that's not going to happen. They would pay out what it was worth back then. Back then, exactly. Which was like, you know, I don't know what it was. A couple thousand dollars. Yeah. Back then it was like maybe $100, $300, $300.

Yeah. Because they probably would have held, like, to date. 100% or at least until it appreciated quite a bit. For sure. Yeah. No, it's crazy. But speaking of those 90% crashes, I don't think we'll see one anytime soon, right? Because like how much money has entered the Cryptosphere now?

We're almost at a trillion dollar market cap. So for crypto whales like we've had before to like influence the price 90% is going to take so much money. you're going to have like companies from the S&P 500 that need to collude together to manipulate the price to the extent that it used to be manipulated when it was like a hundred billion dollar market cap. So I don't think we'll see that again, but it's a possibility. So I'm not writing it off, but we could crash again. But it seems like at this point in time, the support level is like $30,000. But it's Bitcoin, so who knows, it could go down the 15,000, a good 10,000 tomorrow. We don't know.

We don't know what's the catalyst. But that's the downside, though, is there are so many catalysts. still. Like today I made a video about, you know, Apple entering the Cryptosphere, MasterCard, Venmo, like, it's crazy what's going on. Miami became the first municipality or the first city that started integrating Bitcoin into its city. So now people are going to be able to pay their city fines and taxes with Bitcoin and they'll be able to get a portion of their salary be paid out in Bitcoin too. That's crazy. My understanding though, Bitcoin is horrible in terms of moving it from one person to another. Yeah, as a currency, it's not there yet because of what's called

the scaling issue. So we want to talk about that. We do. That's a really complicated thing. You explain it? Yeah, so here's the thing. With Bitcoin, and I'm not, I'm just going to preface this with saying, like, I'm not the best person to explain it. So just explain it in the way that I understand it. But basically with Bitcoin, there's kind of like a bottleneck, meaning that if you and I are going to use Bitcoin, the way that it works is like there is these blocks, right? and they're one megabyte inside. So you can kind of think of like a Rubik's cube. And inside this Rubik's cube are coins or transactions.

So anytime I send you a Bitcoin or you send me a Bitcoin, those transactions get sent to this block. Now, this Rubik's cube needs to be solved in order to have these rewards be distributed amongst the people who are solving them. So those are the miners. They use their computing power to basically solve these blocks and then get rewarded for doing so.

That's the incentive. So the other analogy to this are these miners are also like bus drivers. So every 10 minutes, this bus arrives to take their transactions and they go. And that means that once this block is confirmed or solved, our transactions get confirmed, right? That's the way it works. Are you with me so far? Jack does not look like you're with me so far. I don't understand what do you mean the transactions get confirmed.

It's just when the bus leaves, right? Yes. So what I mean by that is this. Okay, I got it. Yeah. Oh, no, no. So what it means is this. So whenever we use.

use something like Visa or whatever, MasterCard, our transactions are confirmed instantaneously. On the back end, they don't. It's a little bit more complicated. But to us, the users, it's confirmed instantaneously. That makes it a good currency, quote unquote, like a good system to transact because it's instantaneous, right? Whereas Bitcoin, you have to wait on average 10 minutes for your transaction to be confirmed, which sucks, because if I'm shopping for something and if I'm, whatever, scanning my debit card, I can't wait for 10 minutes for the merchant to be like, okay, cool, transactions is through, here's the product.

That doesn't work. So that's the scaling problem. It's like, how do we scale Bitcoin to include more transactions to be confirmed quicker, aka in this analogy, how do we get more buses to arrive quicker and not every 10 minutes? You can't. That was how Bitcoin was designed. It was designed to be specifically that way.

So it means it's slow and clunky and expensive because the more popular Bitcoin becomes, the more the price goes up, then it means the more people are competing. So if you think about the bus analogy, you think of the bus stop. That's called the mempool. So the bus stop has its own name. That's the mempool. Anytime we send transactions to each other, our transactions get first sent to the mempool, which is the bus stop. Anytime this bus arrives, think of it like we have to be. against one another to be included on the bus.

So we compete by sending with our transactions a minor fee. It's not free to just get your transaction included in the block. You have to pay a fee. The fee is nominal. It's very small, right? But the more expensive Bitcoin becomes, the more you are paying. And the more people are using Bitcoin, the more popular it becomes, it becomes outrageously expensive.

To the point where if I want to send you a dollar, I have to bribe the bus driver $100 to get included in the transaction, which sucks. Like that's, I don't want to send a dollar and spend $100 just to do that. So that's where we hit the wall of the scaling solution or the scaling problem. But first, we have to thank our amazing sponsor, Vessi. Guys, Vessies are absolutely amazing. They are literally all Graham and I wear now for a multitude of reasons. First off, they're incredibly comfortable.

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and back to the podcast. I noticed that when I was buying Bitcoin on Coinbase, the fees were outrageous. Like, it was a lot in fees. But that's when you do a market order. You never do them. Are we doing market orders?

No, it has nothing to do with market orders. They have their own like back end system, which I forget what Coinbase is it's called. Coinbase wasn't bad at all. No, so each of these big brokerages, they have like their back end systems,

which so what we see in the front end are like the market, whatever. You could place a limit order on them too, but you're still going to pay the fees. If you want to pay less fees, you have to use their like pro software, which I think is free. Yeah, I have Coinbase pro as well,

but they also, no, I don't know if they still have fees. They do. They do. It's a lot more flexible. But that's not the problem. The problem is not the software. The problem is when Bitcoin is really popular, even that software,

you're still going to be paying insane amounts of money. But the catch with Bitcoin is you don't have to attach a fee to the transaction. So if you don't want to pay the bus driver, you will eventually be included on the bus provided that there's not that many people in the Mempool waiting to get included as well.

Because what could happen is you could send a transaction, not pay a fee, but then get included like a week later or a month later. Imagine you bought something and you're like waiting for a month. So that problem has been with Bitcoin since the beginning of time. And Bitcoin has forked,

which is like where it's split, and people have different like protocols and different solutions for their vision of what Bitcoin should be of how it can scale, which is why you hear all the time people are like, Cardano's better, Ethereum's better, whatever's better is because it's a better form of currency because it's confirmed quicker or whatever it is. So why are people trying to use Bitcoin as a currency? What would be the purpose of accepting taxes in Bitcoin besides just the hype of just being like who we need to pay taxes with Bitcoin?

Right. Yeah, there isn't any. If you're not like a money nerd, it doesn't make any sense too, which is why I believe in 2017, Bitcoin finally kind of figured out the narrative of what it was meant to be. Because for the longest time, the crypto community had a war, like an internal war with each other. One side of people wanted it to be a currency, and the other side wanted it to be a store of value. And so for the first time in 2017, that's when I really saw the Cryptosphere take off. in 2017 was Bitcoin split into two.

It was Bitcoin core at the time, I believe. It was just Bitcoin and Bitcoin Cash. I don't know if you've heard of Bitcoin Cash. You've heard of that one. That was the first like original fork that split. And its ethos was let's use Bitcoin as a currency. So the difference between those two, and this is something most people don't even like they don't know.

They don't go that far. The research is that Bitcoin Cash has a different scaling solution. So here's, So now you've understood the problem, right? Hopefully, like, you understand it's slow, it's clunky. There's two main solutions to this problem that people are doing. It's either scale on-chain, on the blockchain, or scale off-chain, off-the-block chain. So there's, this are the two differences.

On-chain means let's change the base protocol of what Bitcoin was meant to be. So let's change the block size from one megabyte to, I don't know, 10 megabytes, right? That way we can have more people be included in the bus, because the bus, because the bus, you're just literally increasing the bus size. Like, now we can fit more people in. So now it becomes cheaper to get on. And the problem that those guys encountered from the other half of the Bitcoin community is, like,

you can't download, the way that Bitcoin works is like, this is public ledger, right? So in order for you to download this public ledger, it has to be small enough to download. But if the blocks get too big and there's too many transactions, the history of the whole blockchain becomes so large, you literally need to become a corporation just to be able to handle the size to download it,

to verify it for yourself. Does that make sense? So it becomes impossible for the individual who lives in a basement or wherever to participate in the network. So that got a lot of pushback. So Bitcoin Cash split off and their solution was to scale on the blockchain.

Their argument against it was we have Moore's law, right? So every how many years, two years? The technology capacity like double. like computers get better every, I think it was two years, and maybe I'm wrong. And so they're saying, like, if we look back, like SD cards that were like five megabyte were like $300 10 years ago. But now that we have more space, it's cheaper, eventually we'll catch up and it's not a huge deal. So they split up and that's what happened. The Bitcoin, main Bitcoin that we see now, that's $50,000 roughly, is going to eventually scale what's called off chain.

so not on chain but off chain with systems called lightning or liquid there's like different protocols of doing it and we can go into that if you want to this is complicated but it gets insanely into the weeds I do just want to note one thing really quickly one of the reasons why a lot of businesses do want to accept Bitcoin is because sometimes it's difficult to be accepted

by payment processors and and that's why they use it on like the dark web and stuff like that is because you can't get approved by stripe or by, you know, those types of guys. So you just send a Bitcoin wallet. That makes sense. So if you saw today, Apple started integrating it with BitPay. I don't know if you guys are familiar with BitPay.

BitPay uses, I believe, the MasterCard network. So BitPay was a company that's kind of like the middleman. They have their own debit card. So you get a debit card. You can load your Bitcoin onto that. And then anywhere that accepts BitPay, you can pay using your Bitcoin. Is it instantaneous? It's instantaneous.

Okay. Because they're kind of the middleman that. facilitate the whole transaction so they take on the risk and they convert everything on the fly so they provide the liquidity but the problem is is like very few stores actually accept bit pay like it's like what the hell's bit pay right nobody's heard of that so apple finally teamed up with bit pay or i don't know to like to what degree they teamed up but now you can put your bit pay debit cards onto apple pay which means that you can now actually spend your bitcoin anywhere apple pay is accepted i just feel like that would create a tax nightmare to go and like buy let's say a car

Bitcoin and then you have to figure out what's going to be the capital gains on that. And then you're going to have to pay taxes on an asset that you were holding. Yeah, that used to be a huge problem a couple years ago. It's not anymore. There's like automated tax websites where you can just give what's like custodial permission to look at your balances, like your buys and your sales and then calculate all of that stuff for you and you just get a print out and you can give it to your tax person. Wouldn't that be complex? Let's say I'm dollar cost to averaging like every week over years. Wouldn't that? Wouldn't that? just be just a lot of calculating to do on that for your taxes?

If you do it manually, maybe, but why would you do it manually? You could just go to those websites and just plug it in. They would do everything for you. It's automatic. Yeah, it's amazing. I'm going to use it this year. Maybe I'll make a video about it at some point, but in theory it's really easy. I gave it permission and now it tracks all of my buys, all of my sales.

So it gives me the net, you know, whatever it is, my net profit. And then I give it to my tax person and then calculate it. How'd you get into crypto? Oh, I bought a drone. I bought a drone for, like, I actually found Bitcoin in 2012. I was like, dude, this stuff is so cool. It's $100, but it's going to multiply it at $200. What made you think it was going to multiply to $200?

Because I read about it. There's like people that are like becoming millionaires because they put in some stupid amount of money. And I was like, I want to do that. But that's the same thing with the stock market. Yeah, for sure. Yeah. But it was like the new hot kid on the block.

It was like, what is Bitcoin? Sure. Were you talking about it with your friends and stuff like that? I was. Just self-discovery. I was. But at the time, you couldn't buy it from like the traditional places that you could today. And you couldn't hold it anywhere.

You couldn't store it anywhere. So I was like the technology was so far behind that I was like, how do you, I don't get this stuff. So I ignored it until 2014 when Coinbase became a thing. I bought it there, held on to it for like a year. And I was like, man, it's not multiplying. So I bought in at $600 a coin, spent like a couple grand. Yeah. And then I sold it for, I bought a drone.

I was like, I want to buy a drone. The DGI, like Phantom 3 it was at the time. Good joke. I was like, dude, there's such a sick drone. I was like, I don't want to spend money. I was like, oh, I had that one Bitcoin thing. It's like collecting dust. My $3,000 investment was $1,500.

And I was like, you know what? I just want to get rid of it. So I got rid of it. I bought the drone for $1,500, $6 Bitcoin that I spent basically. And yeah, those six Bitcoin today would be worth 300 grand on a drone that cost $1,000

at the time. Let me guess, as soon as you bought the drone, Bitcoin just turned around. That was the Jack symptom? Yeah. Oh, we have to explain this. The Jack symptom is every time Jack buys a stock, it goes down immediately afterwards. And so

Jack and I are sitting next to each other, and Jack looks over at my computer, he's like, oh, Graham, you're buying a stock? And I'm like, yeah, and I turn my computer away, because I know it's going to go down as soon as you buys it. It's like, well, I'm going to buy it too. And I'm like, no, don't buy in

because as soon as you do, it's going to go down and price. He's like, no, I'm going to buy in. And we're literally looking at the chart and it starts ticking down. As I'm like hovering over the buy button, the stock starts going down. I imagine there's like somebody behind the scenes

who's looking and they're like, all right, Jack's buying. All right, he's getting close. Yeah. All right, he sold it's safe to go back up. You know what's funny? He's like,

all right, I'm not going to buy it. And he takes his phone and puts it down and you start going back up immediately after. And then and then I buy and it keeps going up. And then you were trying to actually hide from me the fact that you buy. I'm not kidding. I was like, did you just buy? Because I was sitting next to him and I saw him like in this brokerage or whatever. I was like, did you just buy?

He's like, no, no, no, no, I didn't buy. And I like look over and I see that you bought. So you just lied to me. And then I buy it and it goes down. And I lost a lot of money. And now I realized the loss of like $800. It was the moment he bought, it started going down. Like, the second.

Like, that's not coincidence. So just do the opposite of what Jack does always. And it basically do really well. Yeah. So, yeah. So that's why now, if I buy something, I just don't tell Jack. Yeah, don't ever tell Jack. Yeah, I know.

Anybody, nobody don't communicate with Jack about investing ever. I've been having a lot of fun, watching the price of Bitcoin. It's crazy. How much has your initial investment appreciated now? So I originally got in. I think it was like one. because I dollar cost average. I think

total I invests like 115. And I think that's like 160 something. Wow. And that's in like a month and a half. That's crazy. And I bought in, I think somewhat high. Like I was buying in at basically the peak of a month and a half ago. And that was in the low 30s.

And then Ethereum was 1100 bucks. Like 11, 150. And I remember too. It goes to show you, like sometimes little details don't matter. matter, but I had like, I think it was like 10 grand I wanted to put in Ethereum. And so I put my limited order in at like 1185 or something like that. It was traded at like 12. And I'm sitting there for like 20 minutes and it doesn't hit. It goes like, you know, it's just like a few dollars away. And I'm sitting there like wasting all this time just like it's not going to hit. It's not going to

hit. It doesn't hit. I'm like, screw it. Should I leave it? No, you know what? I'm just going to buy it at the price. So I paid the market price. Yeah. That's what happened to me with Apple. Yeah, I did a video, like my dividend video. And I was like, cool, I'm going to set a limit order for Apple. I put in like $10,000 at, just a dollar below, like actually at the market price that day. The next day, I'm like, yeah, it'll trigger. It never did. Yeah, like Apple just ran away last, like two weeks ago.

Oh. Yeah, I feel so, like, frustrated about that. But the Bitcoin thing, it's crazy because that drone, that's, that, like, what happened then is what taught me to, like, look, closer because whenever we talk about Bitcoin, everyone's like, oh, they like roll their eyes. Like, oh, yeah, tell me more about how your friend made millions of dollars of Bitcoin. We don't care. You know, and it's like, once this stuff happens, you start to like look into it deeper. You're like, what is it really?

Like, why does it have value? Like, I don't get it. Like, what is it? And that scenario with the drone really what, like, triggered me to learn about the monetary system and like how deep the rabbit hole goes. And once you get like what it is, then you're like, I'm never going to like sell this. Wow.

That's a convincing argument. It becomes so different once you look beyond the price action, which I think is what you had a lot of trouble with in the beginning because you kind of dismissed it as like this like just price like, I don't say like Ponzi, but like, okay, cool, it's a beanie baby. Like, okay, yeah, you're going to make millions, but it's going to crash. It's stupid. Because we all think that, like, because you look at the price action and it doesn't make any sense.

but if you take the time to learn why it has value, then it just changes the game. Hey, Graham, I don't mean to change the subject, but have you heard of Privacy.com? Of course, man. How could I not? Well, right, but I'm worried that some of our viewers haven't heard about this. Well, we got to fix this right now. Give it to him, Jack.

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People are actually making money with this plan. The cashback is super nice. I trust privacy so much that the card in the graphic you just saw moments ago is actually one of my privacy credit cards directly tied to my real primary credit card. It also has $10 of single-use credit on it. First come, first serve. to get yourself a coffee on me. Do yourself a favor and sign up for privacy.com. There are literally so many perks. I cannot cover them all. On top of everything, you will receive a $5 credit by

clicking the link below or heading to privacy.com slash ICH. Trust me, you do not want to miss out. This is privacy.com slash icch. Thank you so much privacy for sponsoring this episode and back to the podcast. So you're still buying in today? I haven't bought in today, but I will. I'll average in when I feel like it's time to. When would you say it's time to? Like, yeah, when it's time, when it hits a certain price, I'm still doing research to figure out what it is.

I don't think it's going to hit $30,000 again anytime soon. It will probably eventually. But, like, I need to get rid of my initial principal value because that's what I always tell people. I'm like, whenever you invest in, like, quadruples in price, which for me, it's like six-xed by now from $100,000, but I've been buying since 2014 is like you need to just sell

what you invested, right? Because the rest is playing money. So if you lose it, who cares? But now it's like, I'm just terrified that a catalyst is around the corner. We're going to get like a Bitcoin ETF. And I'm just like, oh, like, or I'm like, maybe I can sell Bitcoin or like now that Elon's going to.

Why would you sell it? Why would I sell? You don't need the money right now. No, you don't need it. That's true. That's the thing, unless you need the money, don't sell. For sure, for sure.

I'm just saying, like, for the principal value of it, like the principal equity. Just to sell it and be like, cool, like I made my money back. No, you're going to have the principal value anyway. Unless it crashes 90%, you're still going to have it no matter what. So there's no point in selling. That's what I was thinking about. But I'm like, oh, I really want to buy a Tesla.

And I put it on my Instagram. I was like, if Elon ever starts accepting Bitcoin, I'm totally going to buy a Tesla. Would you actually? No, I thought about it. I'm like, I'm not about to give up an appreciating asset for a depreciating one. Like, that doesn't make sense. I don't understand why a lot of like businesses are accepting Bitcoin as when it's so volatile.

hype. It's not because of hype. It's because everybody, like, just, it's that hedge fund where it's like, imagine being the hedge fund. That's like, you know, you're making money for your customers and they're like, hey, this year you made 10% for us. How come like Kathy Wood made 300%? What are you going to say? Like you're a hedge fund manager. You're like, uh, because I don't have Bitcoin in my portfolio. You know, they have to have a solution for Bitcoin. Like, what is our Bitcoin strategy is like a phrase that's like you need a you need an answer to it. And so it's like it forces everybody to enter, not even for the hype of it, but when your customer asks you what is like, what's our game plan? You got to be able to say, well, we got one percent exposure or whatever. Like we accept it if you want it. You need to have these bridges built. If you don't, customers leave and go somewhere else where they are. But do they just sell the Bitcoin as soon as they receive it as payment? No, some do. Some don't. I don't know. I feel like it's so inefficient to charge for Bitcoin. Like if I'm a grocery store, I'm I'm saying I accept Bitcoin just because I know that maybe one customer out of a thousand might actually pay with Bitcoin, but it gets more attention. Like, ooh, look at the grocery store that accepted Bitcoin right now. See, right now it cannot exist as a currency because of the volatility, right? But that's the function of good money. Right now, good money, which is Bitcoin, is sucking up, like the vacuum.

The Dyson sphere. Stupid reference, if you can watch the Logan Paul thing. But anyway, it's sucking up all the bad money, all the Fiat money that's in the world. It's like a vacuum and it's sucking. everything up, which is why it's so volatile. So you don't want to use good money to pay for things right now. You want to use the bad money and you want to save and hoard the good money, which is why most of the people who have held Bitcoin have held it on for like years and they haven't moved it. Does that make sense? That's what I think is going to happen at some point. It's going to be such

a collector sort of deal where just people are not going to want to let go of them. No, what's going to happen is this. What's going to happen is after all this bad money, like all this good money is sucked up by Bitcoin, as the market cap increases, the price of Bitcoin will stabilize. Yes. So these 90% fluctuations are not going to be a thing. Like a 3%, 5% fluctuations can be like, oh my God, Bitcoin crash, you know, like the S&P 500. If there's like a 3% drop in the S&P, people are like, oh, recession, you know, that's

how it works. But once it stabilizes, then we'll start to use it eventually. It was more stable than the stock market through like April, May and June. Yeah, it was crazy. was super stable. Is it like $9,100, maybe plus or minus $100? For a while, yeah. For a while, yeah.

But yeah, so with the Bitcoin, like, main BTC, the ticker symbol, that is at $50,000, that Bitcoin, not like Bitcoin cash, that one is going to start scaling with something called the Lightning Network, which, like, in a nutshell, I try to explain it, like, super simply. But it's basically, like, think of, like, if gold is Bitcoin, remember back in that history would transact with gold, but gold is head. heavy, like socked, right? Like nobody wanted to use it. Because hard to divide, people would steal it. So think of Bitcoin as gold. It's like the base layer one. It's impractical. It's heavy. It's

expensive. So we created, in this analogy, a layer two. And layer two was fiat money. Right. So we attached a piece of paper and denominated it in gold. That was base layer. So you with me so far? Two layers. So that's what we used. And so these pieces of paper were way more efficient. So you and I can transact with these pieces of paper infinitely. And then when we were ready, we could settle on layer one. So we would be like, all right, cool. The net transaction effect of all the things we did equals this.

Let's go get our gold. And then we would divide accordingly. That's what's going to happen with Bitcoin. So we'll have lightning network basically, where you and I can transact on this second layer infinitely, instantaneously, cheaply, and when we're ready, that transaction, the net result of all the transactions are going to get settled, and then they get sent to layer one on the blockchain, and that's when we resolve the transactions. Does that make sense?

I've heard that was going to happen for years. That's going to, yeah, it's been in the works for a long time, because it's a very complicated system to build, but that's one of the solutions. Who's building it? The core team from Bitcoin, Bitcoin Core. Yeah. Okay. That kind of sounds like, Robin Hood trading Bitcoin in a sense. It's exactly what it is. Yeah, it's derivatives. That's right.

Which is one of the criticisms that the Bitcoin Cash team had. Their criticism was you're literally recreating the current financial system. Because who's to say that we can't just print infinite amount of currency on the Lightning Network? Right. You have literally gotten rid of all the fundamentals of Bitcoin because you're no longer using that tech. You are using another layer that is not even connected to Bitcoin. just like we did with cash because we got rid of base layer one. We got rid of gold.

And now it's a free for all. We're printing infinitely. Who cares? That's what people are afraid is going to happen to Bitcoin eventually. That's a great point. Yeah, we'll go to layer two. Cool. But then who owns that?

Who controls that? Who prints that? Are you worried about the government stepping in at some point? Not at all. Why? Because they can't do anything about it. What are they going to do? Ban it.

To what extent? say that you can't, it's illegal. They do, they pull like a China. They say, you know what? You're not allowed to do this. We're going to block websites that promote the buying or selling or trading of these currencies. It's going to be fraud, you know, impersonating the dollar.

Right. And they're going to criminally charge people. Right. Or like distributing a certain amount. Right. I think if they did that, there'd be like chaos in the streets personally. But let's just say they got away with it somehow banned it. the price would definitely drop substantially.

But the truth is where the U.S. cripples it, Switzerland or any other country that wants the U.S. business would double down and be like, well, these guys are idiots. If they're going to get rid of like Bitcoin and all that business, come on in, welcome. So like the way the world works is like countries don't just all unanimously agree to ban something.

Countries compete against each other. So they'll never unanimously say, let's get rid of Bitcoin. Does that make sense? It's like easy example, Russia and the U.S., they hate each other. Where the U.S. wants to cripple something, Russia will say, great, come on, come on in. We'll accept you. But I don't think the U.S. will ever ban Bitcoin because of the opportunities that they lose.

I think our government is not very smart, but they're smart enough to know not to get rid of opportunities like that. So do you think they would just create their own stable coin? So that's what, like, people say is like, are you afraid that banks will create their own? And it's hilarious because I remember we talked to Vlad Tennev, the Rob. Robin Hood CEO. And we're like, well, do you think that crypto is the solution to Robin Hood? Like, we need a decentralized brokerage. And Vlad was like, no, we don't need it. And I was talking to him, too. I was like, we really don't. That's not the, like, I'm the biggest crypto bull ever. But I don't even think that's the solution. The technology is not the problem. Because what crypto solves, honestly,

is security and sovereignty. That's what it solves. And that's not the solution that necessarily we need, in this case with brokerages or with like, I don't know, banks creating their own because the way that blockchain works is it's very inefficient. We are doing like, it's like a root, what do you call those gold, rubric gold machines? Oh, Rube Goldberg. Rube Goldberg machines, there we go. It's like a Rube Goldberg machine to accomplish something you can do instantaneously if you just had a database, a personal privatized database, which is what banks are.

So it doesn't make any sense for banks to do blockchain. They're trying to for the hype of it, but they understand that it's meaningless because the whole point of blockchain is to decentralize it. So to have a private entity decentralized something that is centralized makes zero sense

because they have a Rube Goldberg just to do it. It's like, hey, we're going to do something inefficient to do what we already do, but worse, for literally no benefit to anybody. Got it. So they will not create it in any realistic capacity.

But what we will see, that's crazy cool if we do was like Libra from Facebook. People were like, oh, I don't want my own life. Facebook money, I don't want that. We do want that, actually. We would love that. You know why? Because if Facebook creates Libra, then Tesla creates its own thing, then Apple creates its own thing. And for the first time in human history, we can have a currency that's competing on a capital market. Like, for the first time, money can compete. And it's never been able to compete. Our government's have said, this is the money you're going to use. It's called Fiat, which means to rule by decree. So it's like, for the first time, we have the chance, like any product, computers compete,

cars compete, and we get the best products in the world because companies can compete against each other and give us the best result. Imagine if money competed against each other. Yeah, but what would be the advantage? That seems horribly inefficient. It would be like having so many different currencies, like, ten different currencies in my wall and be like, all right, I got to pay with, you know, the pay so in this. But the end of the end. result that I'm talking about isn't that I want like Tesla coin and Apple coin that like you're right that would suck. That's not the point. The point is that once there's a lot of these currencies out there in the market, they're because they're digital, they act as bridges

between the crypto world and our world right now. That's all they are. They're like temp bridges. So if we make it easy for people to on and off ramp from our fiat system to the digital currency system, that's what makes crypto that much easier and more accessible. like it would be more of a hassle, though, to get Libra that I could spend on Facebook or Tesla when I spent a Tesla. That just seems like a bigger obligation. I'd rather just stick with the dollar. Sure, and you can, but there's lots of countries in this world that are run by corrupt governments who print money away and now they can't save money. We could say that because we live in a first world country where we can have a savings. But these other countries, they can never be, I guess,

brought up to the first world because they're not competing on first world terms. They're competing in their own corrupt government. So if, I'm in Venezuela and I'm trying to save money, well, tomorrow my government printed so much money that literally everything I saved is worth half now. So I'll never be a first world country because I'm beholden to that. So these benefits aren't necessarily to us, the first world. Does that make sense? Kind of. Then why wouldn't you just go to Bitcoin and create the lightning network or something equivalent to paper money over top of it? Yeah, it gets so complicated. Yeah, we're all just trying to see like what works from, you know, like let's make

make it more efficient, create another layer, let's create different coins. But the point is, is that we're entering this phase where, like, we're on the precipice of democratizing money with tech, which is like never happened before. Everything we've created from this lamp, these cameras, this couch, it's like companies compete with each other to give us the best product. If we gave that opportunity for money to happen, what would we get? And so far, we think it's going to be Bitcoin that's going to be like, you know, that thing. So how high can it go?

How much money am I going to make from this? The only reason I'm watching this is how high would it go. People just want to know what price can they sell at. Yeah. There's this famous, like hilarious, funny quote from The Matrix. Have you seen it?

I've seen The Matrix. I've seen the Matrix. We remember Morpheus? I remember what's the quote? Yeah. Okay, so Morphus is like, uh, or Neo's like,

wait, what are you saying? If I'm the one, I can dodge bullets. And then Morphus is like, No, Neil. What I'm saying is, when you're ready, you won't have to. And it's like this hilarious meme in Bitcoin. And the whole point is like, oh, I could sell and become a millionaire and buy my Lambos.

Like, no, dude, when Bitcoin is ready, you won't have to sell it. That's the whole point. You don't have to sell it. You use it. Jeez. That's why you're buying it. You're not there to use it yet. It's accumulating. It's building. It's creating. And while we're doing that, yes, the price is going up and some people don't get it and they're like selling it, trying to become rich with it. But the point is not to sell it for the dollar.

The point is to get it to a point where we're using it behind the scenes. And it's like, so why aren't you investing more? I want to. What's holding you back? Things that I bought. Taxes. Taxes? Yeah, that too.

Actually, remember last time I was on? I had like, you were nervous. You could be not a millionaire due to taxes. Yeah. I remember that. You had a million dollars in cash. I did. I was hounding you to invest it back then. Yeah. And I was giving you crap because you have more cash than me. Yes, but it's a smaller percent, smaller ratio. It doesn't matter to me. It does matter. It doesn't matter. It matters. Let's say a million dollars is two percent for one person. A million dollars is 90 percent for another person. The two percent I wouldn't see as a big deal. When you look at the ratios of it. No, you look at the, what do you call it? The cost, opportunity.

cost of that money. So yeah, you could do averages or like compare ratios, but the opportunity cost can also be like put in a question. So your two or three million or however much you had in cash is costing you X, Y, Z, and opportunity money does far more than mine. So you could look at it that way. But it's a smaller part of my portfolio. No, but I think that, yeah, you, I think you guys are both right. Yeah, we're both right. It's a spectrum. It's a spectrum of being right. I'm more on this. Some infinities are bigger than others. It's too much money to have in cash. I think We agree with that. Yeah.

So anyway, what I was saying with that is, so I'm going to pay my time. I haven't yet. I will. So that's going to take up a huge chunk of that. So after that, after that podcast, I think like the highest I had of my bank was like 1.7 or 1.6 in cash. And so I'm going to pay half of that towards taxes. Yeah. And the other half I, you know, you'll find out soon.

I hope. Okay. Yeah. That's exciting. Yeah, that's going to be dope. That's cool. So then after, after that thing that you did, are you going to be putting more money into Bitcoin? I want to, yeah.

Depends on, like, what it's doing, right? Like, if it's 100 grand... What if it's just shooting up? I don't... I won't have FOMO. Like, I don't... I have so much money in it that at this point, if it goes to 100 grand,

I'm going to be like, whatever, multimillionaire or something. Like, I don't have FOMO in that regard. I bought a theorem at $200 a piece. Wow. This is crazy. I have so much fun buying it, though, but because it's trading all the time,

like today the markets were closed. I was like, ooh, I could just go and buy some Bitcoin. Right. I saw it. It's like, I don't know. I didn't buy it today. I'm going to hold off because I don't want to get carried away. When I get into something, I start investing too much into it. Exactly. I don't want to get carried away. I'm above my 1% that I said. So for me, it's like, that's one of my fears too is like, my Bitcoin portfolio is over 50% of my investments. Like, I love, I'm a value guy. Like, I love dividends and passive income. And Kevin O'Leary is like, we're basically the same person. Yeah. Except I've got more hair. And no, never not. But. you know, he loves like cash flowing companies and like that's, I love that too. But my portfolio with like dividend stocks is like 300 grand and my Bitcoin's like 700. Why don't you up the dividend portfolio? Why don't you get that to five?

I'd like to. I'd like to get it to a mill. Okay. And that way I want to be able to make 40K off my dividends. That's it. Like that's, that's, that's, that's so great. I was like, if everything collapses and fails and I've like, YouTube just deletes me, cancels me. Like, I could still live off. a $40,000 a year and that's such a comfortable salary provided how I live. Yeah. Like I'm really frugal. So if everything goes away, I could still live off the interest of that. Plus with Bitcoin's interest. But I feel like you're doing that already.

I'm already doing that. Yeah. For sure. Yeah. But I still just like to up that a little bit. Like my ultimate goal I think would get to at least six figures, 100 grand passive income. That would be so cool.

Yeah. Do you feel nervous or do you feel like you're at the point where you can kind of chill a little bit? Like you've made it. Sure, dude, yeah. You feel like you've made it. It's so crazy. Like before I started YouTube,

you ever, like, wake up one day and you have, like, this anxiety and you're, like, having a heart attack? Just me? All right. Well, regarding what? Which, no, just in general. Have you ever woken up,

and you just, like, have your heart beating? And you're like, oh, I'm, like, nervous about it. But you don't have anything to be nervous about, but you just are. Sometimes. Usually that's for me when I don't have a video planned out. Well, there we go, yeah.

That's what it is for me. But, like, times 10. But no reason. Like, I had that before you. Yeah. And now that like I think I've, I've made enough money to even now, like, I disappear, which I don't want to, but for whatever reason that happens, I'll be okay. And that makes me not so nervous. So was that a financial concern? It was a financial concern for a long time. Got it. Yeah. Do you feel like that, Graham? Um, yeah, you know, it was odd, but like, I used to be so nervous

about being homeless. I don't know why or where that came. So you're like, overcombe. been stated by buying like half a dozen homes. I bought every house in national. No, I don't know why. I've just been like, I just didn't want to be homeless. It's weird. Can you just like live with your parents at that point?

Yeah. Which it didn't make any sense. Like I'd always have like some sort of family member. I'm sure that would, that would want to take me in for a little bit. Why do you think that is? Is it like abandonment issues? I don't, why?

I don't think so. We got to get to the bottom of this. I would like that. I don't know. I think it's just the comfort of knowing that I'm always. going to have a roof over my head. I feel like this is transitioning into part two of our insecurities. Amazon presents 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. Save the Everyday with Amazon. I was just always afraid of being homeless. Jack's like, well, I'm just being hairy. I'm afraid.

The Aesimical fans. We got quite a range here. Body haired homelessness. What was yours? Got it on, bro. I forgot what yours was. It's the same as mine. Yeah, it was probably similar.

No, wasn't? No, I don't feel it. Did you say body hair? I don't even remember I just had disclosed it. You did. I did. But I forget what it is. Actually, I think I do know what it is.

My fear for a long time was not having better Pokemon cards than Graham. But what's crazy is... No! Did you bring it? So last time we did this, you had a psychic energy here. Yeah. That you gave me. Right.

And I was kind of upset because that was not what I really wanted. I mean, it's a cool card. Yeah. That's dope. I like it. But I got... This is from Graham's pack that he got from Logan Paul. Right.

Which you spent, what? 12,000? 11,000. But then... Oh, this is it. I got this card, which is the second card that Graham got from his pack. Wow. That's the Naterino. Are you going to do a trick?

Are you going to give it back? Yeah, I'm going to give it back. I feel like you're going to do a trick with it because I want the magic harp. Yeah, and then you got the Gerados, which is the shiny one. I know. Which, uh, what's this one? That's the magic harp. Can I see it? That's the magic art from the pack.

That's the one I want. There's actually like an evil genius right now. Yeah. So like my going into the pack, I'm like, I'm going to keep the hollow card and then donate the rest of it to charity. So I put it up on eBay and a bidder spent like, I think it was like 4,500 bucks on the rest of the cards. That's a lot. Yeah, it donated all of that money to back to Nami. But the one card I wanted to keep for myself was the magic carp.

Because the magic carp evolves into a Garridos and they both came in the same pack. And I was like, what? I don't know. Oh, man. See, I just don't know if this would have gotten a PSA 10. Bro, that looks like an 11 to me.

That's so good. It really is perfect. It's so perfect. Oh, man. So PSA 10s on these cards. I think a grand at this point, right? No, no, no. It's sold for like four or five hundred bucks.

That's still a lot. I was bidding on one of these on eBay on a PSA 10 and someone bit like a dollar more. They sniped it. No way. Yeah, they sniped it from me. Oh, man. That does,

look perfect. The bottom's a little bit. No, it's pretty perfect. It's pretty perfect. What's crazy is, it's kind of symbolic to me. So the reason it's symbolic is because Graham got the Geridos because he's like a really big YouTuber. But I got the Magic Carp because I'm the underdog and I'm the littler guy. So you're the Garridos, I'm the Magic Carp. You just got the tackle. Yeah, I'm a splash. I'm kind of useless, but I try. Oh, man. One of these. days I'll evolve into a Gerdos of my very own and get myself a Jack. We also have another announcement before we go back to the Pokemon thing. We're hiring.

We're hiring guys. So if you want a job come working for us, you can be behind the scenes, making sure the cameras are all working okay and the audio's good. We want someone to come and join the team, but we had a bit of a controversy. You don't know about this. I got to hear this. What is the controversy? So Jack and I this morning

figured, okay, we're going to put together a video. So we want... Stop. Why is my magic card? Where'd you take my magic card? I didn't. I see these two. You're messing with me.

Bro. Bailey was jumping up here. I think I saw Bailey have it in her mouth as she... There's no way. No. Yeah. No way. There's no way, dude.

I mean, it looks like it, but it could... I feel like this is like a magic trick. I don't know. I swear to God. I don't have it. What? Yeah, I don't have it. Okay, I'm just going to cross my fingers and hope that she did not take it.

Because I'm going to be very sad. I feel like this is one of the things here. It's like, it's in your pocket. No. And I'm going to be like, what? I swear to God, it's not that. We'll find it afterwards. All right, all right.

Anyway, I find it. Yeah. The controversy. Yeah, the controversy. We're about to have another one. Yeah. Jeez. Okay, nah.

So, yeah, so the controversy, this morning, we figured, what's a good idea, what's a good way to hire somebody? well, we think they should upload a video to YouTube with the title, Graham Steff, an interview with reasons why they should work with us. And then we could pick the one who's the most memorable and we feel like would be a good fit to join the team. So Jack and I this morning just riff off on the camera. We winged it. Yeah, and Jack was like, you know, oh, he's putting out like an outline.

I'm like, no, no, man, let's just wing it. Let's just get in front of the camera. Have fun. Five minutes and upload the video. So Jack wanted to make it very clear in the video that he had. He wants someone who's willing to do a job like doing Jack's laundry. No, but let me explain. So I'm not saying that, like, someone to do the laundry,

but I'm saying the kind of person that would be okay to do stuff like that. Right. Because the sole purpose of this job is to give Graham and I more time to be able to focus on, you know, the Graham Steffen show, Graham Steffen, and the podcast. You sure you don't need a girlfriend instead of just an assistant? I would love a girlfriend. That's been unsuccessful. So the next step.

I just want somebody to hug me sometimes, you know. So they need to be able to kiss me sometimes and just show me affection. Just tell me it's going to be okay. It's going to be all right. So the whole, the whole. So yeah, we said like the laundry thing, right? And I don't mean someone that's actually going to do my laundry explicitly. Like that's their job.

But I'm just saying someone that will be here 40 hours a week or whatever and just assisting us with things. Right. And I would love someone that would be willing to go so far out of their way that would be willing to do the most that they could possibly do to help us. Here's the thing for me. It's like my experience has been when I first started working as a real estate agent, I worked with this guy for free. And I was doing everything.

Whatever he wanted me to do, I would go down and he'd be like, I left my checkbook in the car. And it's like five stories underground. Right, right, right. Walk across the street, go to my car, bring me the checkbook. You got to pay your dues. At 9 p.m. at night. I would do it.

I never asked for any money doing anything. If he was like, Graham, could you go to this property and photograph it for me and then Photoshop the pictures and then go and go and email it? I would do it. Yeah, that camera clicked off. We could just use these two for right now and then we'll go back to the wide. I would do it no matter what it was. And I did that for years. Now, I started making money doing my own leases, but whatever he would need, I would do. Even if he needed me to go and like grab food for him. Was that valuable for him? What do you mean was that valuable for him? Was that a valuable experience? Yes, absolutely. Because in return for him,

doing that, I got to be around someone who I learned from all the time. I think that for the first few years of me doing that, it was worth it. I would say after about three, four years, I started to outgrow that. I don't know why. You're smiling. I mean, because all of this is leading to, you need to be able to be okay with doing the laundry. No. No, that was the thing that started the controversy. Yeah, I gotcha. Just hear me out. When Jack started, I wanted someone to go through my Facebook emails. Sure. And we had the millionaire real estate mastermind, which to get into the group,

you have to put in your email address. And then I wanted someone to go in manually and just copy, copy, copy, and admit the people into the Facebook group. I tried paying people to do this because it was such a just horrible task, and it's boring. And I was paying people like 15 an hour. Can you go and do this?

Everyone was like, yeah, man, I'll get around to it. We'd never get around to it. Paying them. Jack sent me seven emails in a row, just being like, dude, whatever you need, I'm willing to help you, I just want to learn. And it just so happened.

I saw Jack's email at a time where I was inundated with the Facebook stuff. And I said, hey, man, if you really want to learn, if you do this, that'll help me out a ton. If you just want to help me out. You did it in, like, overnight. Like, the next day it was done. Didn't ask for any money or anything like that. And so to thank Jack, I'm like, how about I'll take you out for dinner. We just met for dinner.

And that was it. And then Jack was telling me over dinner, like, if there's anything else you need, whatever it is, I just want to learn. And so he did. And he would help me out with the, uh, we did the, uh, we did the, uh, the phone calls in the Graham Steffen show. We just started up the channel. And in the beginning,

didn't get paid at all. Did you do your laundry? I didn't do the laundry, but I literally would have done anything. I would have gone and fetched food for Ramsey. Like, cleaned up Ramsey's fecal match. Like in the house.

I would have been so happy. Would you have eaten an uni? That's borderline, eating a sea cucumber. But I literally would have done anything. And that was the whole purpose of like the whole laundry statement is that we want someone

that would be willing to... Why do you say it's a controversy? Did you get pushed? No, well, we're getting there. Okay, so here's the deal. I come from somebody who, like, I would have done anything for free. Jack worked for free. And now, now you get all self-conscious. We talk about how much Jack is making six figures now. The point is, I worked for nothing and now I'm doing well. And the same for Graham. He worked for nothing and now he's doing well. And even we expect, or we thought. Even on YouTube, man. Honestly, like, I worked for free. And, like, that first year, I was losing money making YouTube videos. I just enjoyed it. Sure. We want the same type of person who has the same type of enthusiasm. I'm willing to do anything.

I will clean up Bailey's poop. I will do Jack's laundry. Is that something you ask for? Is that something you just spot in people? You know what I mean? Do you ask for that or you notice that? Maybe that's where we messed up. So here's the controversy.

We mentioned in the video, tongue and cheek sort of like Jack's Laundry. And I'm like, oh yeah, Jack's Laundry is bad. You don't want to do Jack's laundry. That's a joke, right? And we kind of leaned into that. and we're just like, you know, and it might include like driving us around and like just doing, doing like anything, including maybe editing for the podcast. Shopping for lots of bleach. Yeah, exactly.

But people in the comments went off on, like you're giving $40,000 for somebody to do all these jobs and like be your assistant and do your laundry and be able to edit. That's the jobs like, that's two people's jobs. You're asking for one. That's a million, you know, a millionaire start doing that. And I'm like, people send emails every day willing to do work for free. Right. And we want to pay somebody to do these things and grow with us over time. It's like when I first started, I was doing the jobs like three or four people.

It's like, it's whatever you need to do, you got to get done. So we were looking for the same qualities, but I think we missed the mark on that by by outlining something that maybe should have been implied. Right. Yeah. I agree. That's not something you ask for. That's something you notice. But we drastically need it right now. For sure. Jack needs his laundry. He's not no. Oh my God. Yeah. Yeah. No, I mean, yeah. Like, it's not something you can put in like a job

description. It's just something you notice. You're like, oh, this person is really motivated, you know. But I think this is something that Graham and I both recognize. I'm sure you're, you're very similar. But like, you know, you can sign up for a job that does, you know, eight hours a day, five days a week. but anything that you do more than that, it just, it will come back and benefit you. And I knew that like, even if I was making no money doing the work for Graham, it's like I know I'm confident in my ability to provide value.

And when I'm in a position where I have a connection with Graham, I can think of ways to make Graham money. And if I can make myself a super valuable asset to something, you know, in turn, I can receive some benefit. I'm sure you're the same way. Yeah, I make money from Jack making money. Like Jack will come up with ideas that will make him money that make me more money

that pays for Jack. Sure. And Jack makes more money. Sure. So it's like, it's a win-win for everybody. And so I think some people just are too short-sighted. They're focusing on like the right now. Ooh, cleaning Jack.

Like honestly, there are people out there that would do your laundry for free just to go and like, just to go and like be introduced. Like that's what I don't get. Same thing, people get upset at me for posting on Instagram like, hey, I'm selling my iPhone guys, 400 bucks to buy my iPhone. People like, you're rich. You should just give it away. I can't believe you're selling that. But little do they know. Whoever comes by, first of all, we get to hang out. They get a personal connection. And usually they get an Instagram shout out, which is probably worth like five grand that they're getting just to come and hang out. And usually like the guy who picked up the desk. We gave him free access to the mentorship group, which is $130.

We gave him free access to that. And we gave him an Instagram shout out. I think we did. Something. Yeah, we did. We did do an Instagram. And we talked to him on like a weekly basis for him coming and picking up a $60 desk that people were upset at me at. Right.

I can't believe you're selling a broken desk. I can't believe you're doing that. Donate it. We sold it for $40. There's no sympathy for millionaires. No. That's just how the society we live in. But it's so sad that people don't see the benefit beyond it.

And oh, here's a perfect example of the couch. I sold the couch for $1,800. And the dude was telling us, it's like, yeah, And I didn't really do the couch for 1800. I just did it because I wanted to meet you and get that connection. And we still keep in touch. I mean, it's one of these. Andy gets a couch at the same cost.

I don't know if that's something you explain, though. Like, people that get it get it. You're right. It's not something you explain. It's frustrating to me that people go off on me on that. And they just don't get it. I want people to understand. Right.

But maybe that's something that you just, you can't understand to people. That's the difference between the 1% and the 99%. That's true. Yeah. I think people were also upset because they said we were asking for two jobs in one. with like the laundry stuff like a maid and then also someone who would be able to turn on the cameras like a techie person but all they would do is turn on the cameras and make sure that they don't die when we're recording a podcast and I would teach them how to edit the podcast which is also like a marketable skill that I would gladly what's the starting what's the starting salary for people watch 40 40k is yeah is that's just like the first year but the thing is it's like they're not limited to that if they come up with another thing that they can do like what if I say like hey, can I have you on a Saturday to do this?

Or they say, hey, Jack, I have a great idea for the channel. What if you do this? What if they find me a sponsor? What if they were like, yo, Graham, I've got a great idea. Would they have to split it with you? Split it with me if they go straight to Graham. Absolutely not. No, we don't see like that.

Well, I mean, that's a great question. I have to discuss that. Depends what it would be. Right. Yeah. But now, my goal would be that it starts at 40, but there's room to grow beyond that. Like, I really want it.

Like, I hate the idea of bringing on new people and I want to get like one person and just keep them forever. Sure. And just continue growing with that person. Like with Jack, just keep that going as long as possible. Yeah. I mean, 40K is a really good salary for like an assistant. And no college degree.

No, yeah, no education, no college degree. And I think we're just fun to hang out with. Like this isn't like... We're not biased. I don't biased at all. But no, it's like, I mean, here I am saying it's like, it's not difficult work. I just see just being fun all the time. They got to, like, live and breathe work.

I think it's only fun when you're in the driver's seat. I don't think it's... No, I had so much fun as an agent. Like, working for just doing stuff for free for somebody else, I had so much fun doing that. Yeah, because the premise is for you, though. The premise is ultimately for you to build an empire. Yeah, but who's to say they can't build their own empire?

Well, it depends, right? Like, what's the job? With you as an agent, you could. But if you're an assistant, it's like a... I don't know if the trajectory is there unless they assert themselves. That is true. So I don't see it as like the same fun. I would look at Jack is the perfect example of, you know,

Jack being able to use this to leverage into real estate. I don't think this is the same example, though. Why? Because, oh, yeah, that's true. That's true. If Jack just gets 10 years at his current salary, well, not really a salary. It's his current income.

He'd be stuff for life. All he has to do for 10 years is just not screwed up. More like three or four or five years. That's true. You think it's 10? 10 years. Yeah. Ten years of just not screwing it up.

Just if he saves everything, invest at all, for ten years. Except for life, the rest of his life. For you to be a YouTuber for ten years is like a dinosaur. That's true. It is so hard to be an influencer for ten years. I would disagree. I would say that I'm almost halfway there. Things are the...

Sure. Things are only getting better, and I think there's so many new verticals to expand to that weren't around 10 years ago. 100%. 100%. So I think every year ago, by, it becomes more solidified that you can do this. Yeah, that's true.

I'm not arguing that, but I'm just saying, like, in terms of, like, influencer years, that's a really, really rare breed. Well, I also think that your current job will open up plenty of other doors and avenues in the event that your YouTube channel doesn't work out. Here's the thing I've noticed, too, is that it seems like a lot of the YouTubers that have burnt out. A lot of those were channels that had been impacted by an algorithm or channels that were, like, prank channels.

I think business is a new niche that maybe it suffers the same fate, or maybe we see all of a sudden the SEC just cracks down on everybody talking about investments and the algorithm shifts away. I think that's always a chance. But I think it's a niche that's more akin to like a talk show host than it is a YouTuber. Yeah, no, I see it too. There's just a lot of risks, but yeah, we'll see. You're right, there's a lot of new verticals that have never existed before.

But also, the connections that Jack has made. I would say let's say that YouTube just disappears tomorrow. And I'm like, listen, Jack, we're shutting it all down. There's nothing here anymore. Best of luck. The connections to Jack has made 100% within a week. You'd be able to find a job earning almost the same thing working for somebody else. I don't think I would have to go back to college.

No. That's the way I'll put it. I would just know three people off the top of my head that would hire you in an instant. Just if you're like, hey, I need a job. I need a, yeah. I would do it. Thanks. I'll have the Magic Carp and Jack.

That makes me feel really. Yeah, but no, but so that that's a way to look at it. And I think the same thing would also apply to someone who's going in with 40K. It's not about the 40K. It's about the bigger picture. But you need to be the type of person who's willing to do anything. Again, you can't talk about that. People that get it, get it.

And the people that don't, we'll never see it. I guess so. Yeah. That's where we went wrong. I was very literal about like you got to be willing to do anything and giving like just random examples. But I guess it's something that should not be. Yeah. I guess so.

were upset in the comments. Yeah. Yeah, they did. I'm not going to comment because I don't want to get canceled. I mean, listen, if this, if this so far is our biggest controversy lately, then we're doing all right. I think we're doing okay. How'd your video do today? Oh, no, Andre. It was a 10. It was a 10. I know we could talk about it, man. It was a 10. So for those that don't know,

when you post a video on YouTube, it ranks it out of the top 10 videos. Yeah. Like your last 10, like, how did this one perform relative to the last 10, it. A one means it's the best video of you post-after lost 10. And attend means it's the worst. You never want to get a 10. Because especially as your channel is growing and subscribers, like, a 10 means it was even worse than like... How much did that ruin your day? This one I expected to get it. Yeah. So I would say it ruined my day like 25%. Normally, if I did a video like this and I was like, it's going to be a 1 and it's a 10, that's like 80%. Like my day's ruined. I can't do anything afterwards. Me too. Yeah. Yeah.

It affects you like that as well. I'm so depressed for the rest of the day. That's why you came in such a good mood. That's why you're like, yeah, you don't do it tonight. What'd you have today? Number two. Yeah, it's good. I had a two.

I'm so happy about that. Because I've been getting ones and twos for like... Same. Same for us. It's open like ones, two, three, three... Crazy. Like, if we got a four once and we're like, the four is still equivalent to a one a month ago.

Yeah. Yeah. It's cool because as long as you're getting anything between one through five, that means your channel has an upward strategy. factory. 100%. Yeah. This one I knew

was going to get a nine or ten going into it because it was the interview with Idubs and I knew that was not going to hit with my audience off the bat.

So I knew YouTube was going to analyze that video and be like, all right, Graham's audience is not watching it. The people who are clicking on it right now

are not watching it all the way through. So it's probably not going to be that good of a video to recommend to Graham's audience. Do you think

that's going to get your momentum? No, because my Wednesday video I feel like is going to be good enough to get that audience

back. I would never post two bad videos in a row. Is it crypto related? No. It's not. No. No. No, it's not. But I know my Wednesday is good enough to pick this up. So I figured today is a perfect day to post this because it's a holiday. And typically what's happened with videos like this is that they'll do really bad for a week. And then all of a sudden the algorithm finds, let's see, the Idubs community. And then starts recommending it really heavy to that. So Michael Reeves was the same thing. I think his video was a 10 by like, by like 50. So like the nine was like double a 10.

And I was really upset about that because I thought we nailed it on the tile and thumbnail. A week later, within like three days, got a million views. Same as the Michael Reeves one that we posted on the second channel. After a couple days, it was literally like 30% of a nine. Wow. It was terrible. Like literally less than 20,000 views in the first like four or five days, which is wildly underperforming for the channel. But now it's 200,000 plus a reason.

It's like 350,000. So it's easily aware. That's one of those videos that just consistently every day gets like a few thousand views a day. It just had to hit with the correct audience. Right. So right now what YouTube is doing is it's saying like, okay, Graham's audience doesn't like this video. Where could we show this video where it might be a hit? So it's going to test probably over the next week.

And when it finds that vein of just users like this are watching it, we're going to recommend it to more people that watch these sort of videos, then it's going to take off. I'm hoping. What? Do you have water? Of course. Yeah.

I apologize for everybody to break. my voice is like disappearing. Still have a very soothing voice. Yeah. No, it's not a soothing voice. How much did you make the entire last year? Last year? 1.8 mil?

A little over 1.8 million? A little over that, yeah. Yeah. That's more than I thought. More than you thought? Yeah. You didn't watch that video? No.

Yeah. You did a really good breakdown. That video is, thank you. Yeah. How many views does that have now? Almost a million. 881. The IRS has entered the chat.

This is going to be somebody who's commenting that. That's amazing. Yeah, it's crazy. this year, I'm already over half a million or like 600 grand. That's insane. Two months. What are you going to be doing with it all? No, but besides...

You're going into game stuff. I mean, for the rest of the year. Do you have a plan, like an investing plan of what you're going to be doing with it? Just besides the usual consistent stuff. No. So, okay. Like dividends. Yeah.

Crypto. Do you want to get super wealthy? Is that like something that you? you desire? No. That was never like a huge goal of mine. Just comfortable. Before my goal was to get to fire,

financial independence retire early, right? Which was to have just a million and then make 40K a year passively. That was like the goal. Now that I've surpassed it, I'm like, Fat FIRE is the next goal. So for anybody's not familiar, fat fire is, is 10 million?

Five to 10. Is that what it is? I think so. Five to 10. I've seen some where they say it's three. Yeah, I thought it was. Maybe right.

Yeah. Like that would be super. But then as soon as you hit that, then it's going to be extra XXL fire. That's what I'm afraid of. I don't want to always be that thing. There's like a proverb, and I forget how it goes exactly,

but it's like a couple's walking down the beach. There's like a yacht out there in the ocean. Yeah. It's like a billionaire yacht. And then like the husband and the wife. And she's like, wow, that's such a nice boat. He's like, yeah. But I'll have something that guy will never have.

She's like, what's that? Enough. Oh, yeah. I've heard that. That's deep. It's so good. That's deep. It's like, that is so hard to do in life.

to say when is enough enough? When do you quit and just enjoy life? Or I know you're enjoying your work, but is there more to life than working? Is there more to life? Maybe is there like contributing back to society? Is there, you know, philanthropy? Is it like a deeper meaning?

I don't know. But you haven't found what you enjoy or a purpose like that yet? I think just like Casey and I said, did such a great breakdown of this where it's like we all as human beings have two sets of problems in this world. We have the money problem,

which is something we've all faced with, which is like, how do I afford rent? You know, what do I live? How do I pay for food? And then all of us have that problem. But once you solve that problem, you get to the next tier, which is something we all will forever have. What is the meaning of life?

Purpose, love, relationships. Like that will never go away, no matter how many resources and how much money you have. So I don't know the answer to that. Because I don't know if I feel like I've conquered the money problem yet. And I feel like I have, like, you definitely have. Yeah, but I wouldn't quit. I love it.

I know. I think it's different for everybody. I love it too. It's not like about quitting. It's like, are you fulfilled with life to this degree? Or do you think there's something bigger than what you're doing now? I'm 100% fulfilled right now. Really?

Yeah, the only thing I'm missing right now is the aquarium. Like, here really, I'm so satisfied. I want for nothing materially. Like, I don't want a Tesla. No, I don't even care. Like, it's whatever. The only reason I want a Tesla, is because it's one of the safest cars in the road.

And it's crazy because now that I have money, I'm like, I'm extra fearful about like life stuff. You know what's crazy? I was just thinking that the other day. I don't want to like ever jinxed by saying that, but like I really want to live. I want to be like stop all the way. It's stop signs.

It's like it's not worth it anymore to put myself at risk on anything. You might be getting into dangerous to know. That's my fear is that once you get to a certain level in life, you accrue this stuff, this wealth, whatever it is. resources, you start to become more conservative and protect what you have rather than take risks. Risks in life, in love, in everything, you stop taking those risks because you're

afraid of losing what you have and what you've built. No, I disagree. I think it's because you don't need to take those risks anymore. I don't think it's because of a necessity. It's because you want to protect what you have, which is why I have this newfound fear and you have it too. No, I just, I enjoy life so much that I don't want to do anything that would jeopardize it. Like, why take the risk of driving faster? That's what I'm saying. Yeah, you don't want it to disappear. So, you know, that's one of the struggles is like, I don't know.

Do you want to live carefully or do you still want to take risks? I don't know. But like, materially, I feel fulfilled 100%. And you don't elsewhere, though. What do you mean? Feel fulfilled. No, I feel fulfilled with love. Like, I love my girlfriend Corey.

She's great. But I don't know. Sometimes, like, you know, if you're a dreamer, if you're an artist, just like, oh, there's something more to life. I don't know what it is. But I'm not saying I'm not happy where I'm at. I'm just saying, like, maybe there's something more. I always feel that same way, too, like, that I haven't filled the cup to the brim.

Yeah. But I don't think I'll ever feel that way. I agree. And I think that the closest that you can get to that is by having kids. At least I'm banking on it because I want. I think you're 100% right. want to feel that fulfilled. You know what kids gives you?

It gives you, like my friend Tyas talks about this a lot. He's great. He talks about, because, like, he lost his job, he lost his wife. He, like,

lost all of his sense of self-worth, right? And he was, like, on the brink of, like, you know, doing something bad. And he found the solution to it, which was purpose,

which is, like, if you have no purpose in this world, like, why do you exist, right? So if you find purpose and meaning, then you'll always have a reason

to find your life fulfilling. and for some people that is kids for some people that's a job for some people that's like their cat their dog whatever um it's kind of an interesting perspective yeah yeah

so you've kind of found your purpose and your meaning just to do what you're doing which is we both find solace or like satisfaction and helping people financially that's a cool that's definitely I think has given us a huge advantage that it gives us meaning to what we do

and it gives us the other big thing which is recognition and I think like as human beings we all need recognition for what we do without it it's like it's hard if you don't get praised sometimes you're like hey you're doing a good job it's hard you know it's you need that reward so being in our position i think is one of the most like fortunate positions but you know sometimes i'm like you know do i just do this forever until like what like i don't know is there an end goal to this is do you travel the world at some point i think i would be feeling the same thing if it was just like, I got to keep making three.

By the way, you want to hold the mic this way? This way. Yeah. Okay. Right there. I think I'd be feeling the same way if I was just like, I got to keep posting three videos a week indefinitely. But I don't know.

I feel like there's so much more beyond that. Like once I started getting into like Angel investing and then coming out with a coffee thing and coming up with all these other little projects, there's so much more that you could just continually grow and evolve from. Yeah, but I just feel like all of those things are tools. like those are experiences sure right like a game that you got to figure out like a little rubic cube it's fun to solve it but still those are those are just the tools and I don't think that's the end result like I don't think I would be satisfied if I just kept discovering more tools to make me

more money like I know it's but it's but I know there's a fun though and it's it's you're doing I'm not hanging out with your buddies yeah yeah for sure I'm not saying that it's bad I'm just saying, I don't know if that's the end result of what I think is the most satisfied. I'm not saying I don't want to go through that because that's why we're like starting, you know, our group. It would be cool. Like how, you know, are we going to get to a hundred million dollar valuation? You can create products. All that stuff's cool. But like, I'm still, I'm not, like, when I look into the future of my life, I'm not seeing a chain of these events over and over and being satisfied with it. I don't know if I see that satisfaction. If I got 100 million, like, I was like,

okay, cool. Like, then what? You'll find more. ways but is that really you just like keep inventing new ways of making money and that's fun i don't know i don't know i haven't i'm not saying i know the answer right i don't know the answer but i don't feel like that is the answer i think that everyone has their own answer probably yeah yeah for sure do you what do you see do you find yourself like being some like billionaire and you're like all right cool no i don't think so not at all. I wouldn't pay that much. Billy, that's too much.

I think that for me, I'm more similar to you where I think it's easier for me to have like a simpler life. And I think I would find more fulfillment out of that. And I don't necessarily need a bunch of money or anything.

I just want to have enough. Yeah. See, for Graham, I understand where he's coming from. I don't think he needs money because part of the reason of why we do what we do is because it's like a game. It's like a puzzle and it's fun to keep solving it.

And as a result, we make money, so it's cool. So for Graham, that's enough. This puzzle, it's like an infinite puzzle that is never solved. I get the appeal in that. But I'm just saying for me, I don't know if that's what I foresee my life being. Like I agree with you. It's more about...

Do you have any idea, though? I think when I thought about it for me, I do think it's about kids. It's about like family and just maybe philanthropy. maybe I'll feel fulfillment because I love to do magic and like artistry for people. And the reason that I do is not because people give me credit for being like talented. It's because I get to live through them the first moment that I saw magic. And when I see the joy and like the wow in their face,

I feel like I get to live through that person for the first time. Their reaction, I get to experience it myself. Because once I know how a trick has done, it's ruined. But when I see somebody else have that same reaction, I'm like, oh my God, that's what it felt like. And so I don't know. It's like, I just feel like there's more to life than just solving an infinite puzzle that, yeah, brings you money. That's fun. I'm not saying it's not. You need an aquarium. Yeah, you're right. It'll fix everything. I have to say, I've been so much happier when I got the piano.

I'll put my like 30 minutes, sometimes like 45 minutes a day of the piano. Once you get it, there's going to be something else, right? The piano? No, once you get the aquarium, there will be something else. Maybe. I mean, you want maybe a bigger aquarium at some point. I don't know, but. There's this funny meme or joke, and I don't remember how it goes, but it's like, your happiness lies at the other side of this aquarium. It's just like the most like trivial, like, well, obviously you'd be happier once you get

that aquarium. Like, that's the solution. But like, yeah, the reality is like, you're never going to be happy. But then we get like too philosophical where it's like, I don't think we were ever meant to be happy, right? Like, what do you mean? Elaborate. Like, we were never meant to be happy as humans.

Well, we're always on this like hamster wheel of like chasing. what we think is happiness. We have to be. Because otherwise, otherwise, we'd just be complacent and do nothing and we wouldn't evolve as a,

for sure. We'd all just be, we'd still be caveman. But that's what I'm saying. So like with you making money, like the reason I said it's just a tool. So you are stuck in this obsession of the tool itself.

And I've been there and like I know what it is because I've done this with cardistry, with magic, with cinematography. I've gotten so involved in the tool and perfecting the craft that is the tool to forget that,

there's a reason this tool exists. You leverage the tool to tell a greater story than the tool itself. Yeah. So for you, it's like, yes, money, cool, whatever, companies, products, awesome. But those resources you can leverage into something that is more meaningful. Maybe. No, but that is helping people with financial literacy. I think if I were doing something that were destructive, that had a negative impact on people,

even if I was making double the money, I wouldn't feel good about it. No, no, I'm not saying that. I'm just saying, do you find, like, Like for me, if I was going to go down your route of just let's make as much money as possible, I feel like I wouldn't get enjoyment of it until I utilize it somehow. But it's never been about making as much money as possible. I know, I know. It's just been a byproduct of loving.

You know what I'm saying, though? I didn't mean that. You're right. But I'm just saying, do you not like have this urge to be like, right, cool, now I have all these resources. How can I best leverage it to maybe make use of it? That isn't necessarily for me. Because I know it's not for you. When I'm making money, yeah, at this point, it's like, whatever.

but do you want to leverage it somehow? Do you want to build something? Do you want to... I'm still in the growth phase. Like, I'm not even there yet. I still want to continue growing. Right. No, I'm with you.

And I'm sure at some point it might change, but... I'm with you too, yeah. Do you think it ever will change, though? Maybe. Maybe not. But I think as long as I'm happy doing what I'm doing, I think that's all that matters. 100%, yeah. I think that's true.

Do you guys think that animals are happy? Yes. Yeah. So do you, Andre? I've never thought about that. Your dog is for sure happy. Yeah, I think he's happy when I give him like chicken.

Right. Right. Do you think that they're capable of feeling happy? Like sheep and stuff like that? Yeah, of course. So you think that the whole happiness complex is just a human issue? Possibly.

Why? Is that just because we're like self-aware? I don't think it's humans. I think it's any evolved species. Like, I think monkeys are capable of being... They can be happy? Are capable of being unhappy. I think if you put a monkey in a cage

with no socialization, they're going to be miserable. Same thing with dogs. I think with the right conditions, they will be happy. But I think some animals that are capable of those feelings would not be happy under those certain conditions. For sure. Yeah.

I think if I was honest to myself, I think I'm the happiest that I've ever been in my life now. Like, I've never been happier. Is it happiness or is it being content? No, I think it's truly happy. Yeah, I don't think I'm like content. We all got the same notification. I'm just curious if you, if we...

I got a meet Kevin. He comes up in every podcast. Stimulus. Yep, $1,400. Yeah, every podcast somehow organically, Kevin comes up. And it's now become the running joke of the channels. Like every podcast, it's like, oh, when's Kevin going to come up? His second stimulus update for the day.

Speaking of Kevin, Jesus Christ, he's like crushing it. Oh, my God. Yeah. Kevin's a man. Jesus. I know. His stock market portfolio, I'm listening to him in one year. It seems like he's figured out the entire stock market.

Or he's gotten really lucky. Right. But I would say his analysis of stocks so far has been really spot on. I love his in-depth breakdown videos on like, I think he had one on, what was the car manufacturer? Neo? Yeah, maybe it was Neo. I love that video. And it got, I'm sure for him, like a 10 out of its end by far, but I love the video.

No, yeah, Kevin's brilliant. And he picked it up so fast. Yeah, Kevin's brilliant. And it's cool that he has like so much of a drive and a passion even at his, at this point. Yeah. And he has like a family and kids. We don't know how he does it. I don't understand how he does it.

I don't understand how he does it. at like 11 p.m. at night. Yeah. Still like going. Same energy. And then 5 a.m. the next morning. He's on.

I don't get that. He was on Clubhouse. Yeah. It was like 11 o'clock last night. He sent me in a sleepy face emoji. Past midnight. Yeah. Wow.

Yeah. He saw a sleepy face emoji. He's like, oh, this is boring. Yeah. Meanwhile. This is too slow for my fast brain. I know. Do you think you suffer from perfectionism?

Yeah. It gets to the point where like I find myself in a loop and it's been like two hours and I'm like, I need to like, go forward. I obsess about a detail that I think nobody would notice. Like what? Like, I'll do a take

and I'm like, oh, that didn't sound right. I'll do it over again. And I'll maybe like be stuck for half an hour on something that's a minute long. It happens from, not all the time, but like sometimes it happens. And then I force myself to get over it. Another time I'll be editing something

and I'll be like, oh, this is, I've become a lot better at it. But when I first started, it would take me so long to like, edit or do something. Just, yeah, it's crazy. I get this every now and then when I'm trying to say one sentence, but you start saying it too often that you mispronounce,

like one word. Yeah. That happens to me all the time. And then I can't say it again. Yeah, it's crazy, but like some people are really gifted. Like Kevin, you could just talk. You just watch the news and just reiterate it. Yeah.

That's amazing. That's a talent. He'll make a great asset. I asked him if he's a perfectionist at all. And his answer was just, no. No, no is it. Not at all. I'm good.

Not at all. Yeah. Yeah. Kevin's definitely someone we all look up to, I'm sure. Yeah, it's crazy.

I can't believe I'm sitting here and talking with you. Like, that's awesome. Why? Yeah, because I used to watch, watch you in 2019.

You had like 300K subs. And I was like, wow, this guy's awesome. I'm sure he'll get to a million at some point. And then you took off. And I was like,

oh, that's crazy. Yeah, no, I'm taken off. No, it's an honor to be sitting here with you, 100.

Oh, thank you. But it's crazy the fact that, Same feeling. It's like, wow. There's no way you still have that feeling. No, you're old news. Now you show up, you're late.

Let's get this over with. I got to get going. Yeah, no, it's such a cool feeling. Yeah, and I don't take it for granted. Well, we want you on the podcast as much as possible because these episodes do really well and the conversations are amazing. Yeah. See, I want to do once a month where it's like, you me and Jeremy. We invited Kevin.

Kevin Kitch. No, on the podcast. Oh, I see. For this? Yeah. For this. Yeah. Yeah, because Jeremy's are so good because he really goes off on like the stock market and the economy.

Sure. And we just listen. I listen to what he has to say on that. Right. But I think all of us together would really get in like a good rhythm on that. For sure. Well, which is why we're making that channel. Right.

Millennial money. That's right. That's going to be epic. I'd love to hear people's like comments. If anyone's left watching this video. There will be people. Any ideas. Yeah, we get about 20% at the very end.

So like 20% of the people. 20% on YouTube, but on like anchor, like the streaming services, it's a lot. Yeah. It's like maybe 70. I would love to hear people's ideas for what they would like for us to talk about or do. Because I'm sure there was a channel like that already where like people take risks or like they compete against each other for fun investments. Money challenges. That would be fun.

Like we should take a grand. If I ever started a channel, that's what it would be. Whether it's literally a casino. You know that we go to and we like see who can win more money or you know. Weren't we going to do that in your channel? I want to do that. Yeah. So let's do it.

Literally what I wanted to do. Yeah. You said you hooked it up with Red Rock. Right. Yeah. So whenever you want to do it, just let us know. Okay. And Andre, you are onboarding help at some point?

I'd like to. I want to start hiring. I just like, I need somebody who's a good editor. Who could do laundry? No, I don't need to do laundry. So if you've made it to this point. Yeah. And you want to make a video and a title and, you know, entitle it and thumbnail it.

Sure. And address Andre. Yeah, preferably if you live in Vegas, though, because like I'd like to work face-to-face. Yes, 100%. So I would need to meet them and just like hang out. And, you know, I think ideally at some point we'd probably like live with them because then you have to. I can't like send footage. It helps that you guys are together all the time.

Well, then you have somebody work from a home office if they don't want to necessarily live with you. That's true. That's true. which I have anyway oh wow okay no one's watching it anymore

nobody's watching this no I'm just gonna assume like 10 people are left at this point be lucky if it's 10 anyway if you want to pitch anybody to reach out to you I think it would be worth it Yeah, sure. How do I include my email?

Yeah, you put it in the description. Yeah, yeah. And my blockfi code too. Yeah. Yeah. Sign up for blockfi. Yeah. Yeah.com slash Andre. Would you, would actually hire somebody? I would. Really? Yeah. Okay. That'd be cool. What do you want them to do? Just editing and shoot. Help me out. Yeah. You don't need help anything else. Just editing.

Yeah. Andre needs a jack. Your name has to be Jack. Yeah. Yeah, exactly. There was someone else that we reached out to earlier, whose name was also Jack. No way. And I thought it would be so funny to get two Jack. Yeah, that's funny. Be like, Jack, I need to help. Jack, one, Jack, too.

I would like, yeah, preferably if your name is Jack, would be, that's, that's like extra 10 points. 10 points for Gryffindor. Yeah. Yeah, well, thank you for having me. Your name's got to be Jack or Macy. Would be really funny, too. Yeah, thanks for having me, man.

Thank you. Thank you for coming on. No. I love you guys. Thank you for watching. And thank you for watching my videos. Definitely. Do you want to look for the...

Oh, we should do the outro. Ready? Yeah, cool. So, Andre, thank you so much for coming out. Really appreciate it. And guys, thank you so much for watching. Oh, you know what? You got to tell him the smash light,

but look in that camera, tell him the smash like, but... Where did this come from? I don't know. We were just talking normally. He's like, all right, we got to do the outro. All right, guys, all right.

He gets so high. He's just like energized. Like, where did this come from? All right, let's destroy that like button. HGHH. Yeah. All right. What was I going to say?

Smash like one? Destroy the like button for the YouTube algorithm. Destroy the like button for the YouTube algorithm. Please subscribe. Please subscribe and... Get your two free stocks. Down below in the description and... Go to blockfight.com forward slash Andre to get up at $2.50 worth of free Bitcoin.

When you deposit $2 million from the platform. Otherwise, you get a dollar. I don't know how much it is. Don't forget to get those free Weebel stonks and check out my Patreon. Cool. Thanks so much, fans. Appreciate it. Yeah, so we're going to be starting a joint channel, get this, between Andre, me, Jeremy, and Kevin.

What? Yeah. Why didn't you tell me? Because it just happened. When? Now. Wait, what? Yeah.

Yeah. Like, just right now. Really? Yes. Yeah. No. No right now. Yeah.

No right now. This is the announcement video. Yeah, we never talked about it. No. No, this is. I grant me way too much. I'm not going to believe this. I refuse to believe it.

I mess with Jack all the time. Now you know, show him the picture. Yeah. Did you not see it? I saw it, yeah. Yeah. So that's just a meme. No, Kevin made a whole channel and we're making banners.

Look at that. There's like different ideas. That's the other banner. Yeah. Should we tell them what the channel name is here? Yeah, what is it called? Millennial Money. Are you kidding me?

That's not the name of the channel. It is. Millennial Money? That's so great. Is that not good? No, I think it's good, but it is not super original. But it's good. Yeah, no, it's good for SEO.

Yeah. That's all we need. CNBC is going to have to change the name now. No, no. CNBC does not own millennial money. That's just their subheading. Right, right. But, you know, we looked at millennial money channels.

We're going to be the biggest one. No, you guys, are you serious? Yes. Yes. Yeah, we're going to meet once a week for one hour. Yeah, probably on Tuesdays. Yeah, Tuesdays, I think it's six. After six.

And we're just going to record a one hour video. Yeah. And we'll do clubhouse too. We'll do it simultaneously. So people can tune in and ask us questions if they want And it could be like a live panel Yeah, it's meant to be more of like a live panel sort of thing Oh, so you're gonna have like people asking questions and stuff like that?

Yeah, or we just chit chat about whatever. Yeah. Huh. It's gonna be sick. Yeah. Our goal, no, this is just me making stuff up, but what? I was like, I was typing to everybody in the chat room. I was like, yeah, our goal is going to be $100 million valuation in five years.

Oh, that's. That'd be sick. Yeah. That's, yeah. You could do it. Yeah. Easy. Easy.

And we're all going to just invest. You know, we're going to be young investors. Yeah, we're going to yellow into, you know, Dogecoin. All the solid blue chip investments that, you know, people like Jack Bogle, John Bogle, what to prove of, you know, things like Bitcoin. Yeah.