The Iced Coffee Hour - Dropping Out Of College | Ep. 12

Episode Date: August 9, 2020

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

Welcome to the 12th ever episode of the iced coffee hour. Hope you're having a good Sunday. How you doing? Doing great. Hold on. Let's do this ASMR style. Ready? Wait, wait, wait, hold on. You want to go first? We'll go at the same time. Ready? One, two. Wow. Ah, you spilled right there.

Oh, oops. There we go. I was told that I needed to hydrate more. Mm-hmm. So I have some extra drinks just in case. Oh, good, I'm glad. My first time I'm trying this, this watermelon, LeCroy. What do you think about it? Because, Every single time the podcast starts, I offer you a LeCroix, and you always say, no. Is it like coffee?

But this one, we're filming late. It's like 8.30 p.m. I'm not going to have coffee this late, because then I'm going to be up all night. I don't want to be up all night. What do you think about it? It's good. I actually prefer, I don't really break too much LeCroi. But what? Oh, come on.

I'm sorry. Okay, okay, okay. You know what I have a good, we picked up audio here. Okay. We'll just cut back in. Yeah. Give them a heads up. We'll put this in the beginning.

Audio cuts out for like 30 seconds, and then it'll cut back in. It's funny, though. Anyway. Welcome, 12th ever episode. You like the La Croy? Mm-hmm. It's good. Okay.

Yeah. Cool. We have made, how much, Graham? How much have we made on the podcast? I'm going to guess like $17.50 now. Over $2,000. No, is it really over $2,000? Yeah.

Wow. $2,018.50 on the podcast. That's good. That means the last few days have been like $30. box. Yeah, our average is going up. I'll throw up a screenshot of our analytics. Our average is going up

for, yeah. I wonder what it would be after like the hundredth episode. So we would be two years into podcasting. I don't know if it goes up like incrementally. Like it's 10 times more when we have 100 videos versus 10.

Maybe. Maybe. I feel like podcasts are great because a lot of people would go back in time and listen for the first time to the really old episodes. At least that's what I do with the podcast I like. With different kind of content, I don't really go back because it's kind of outdated. But podcasts, as long as they're not, like, I don't know, as long as they're not talking about news, like I like to go back and listen to older episodes. I guess so. You know what we could, we can almost see on our analytics

and just check if, how much views. So I bet it's mostly the recent video that's getting, the Dax Flame video. Let's see. What's that at? The Dax Flame is, it's not that high. No, it's not. Oh, wow, no. Yeah. It was a set. It's not good. That's not good. You know what it is? Let's see. Right now, it's the,

Graham makes the riskiest investment live on the podcast, and how to make $80,000 a month. Those are the ones that are doing well. We have two episodes over 50,000 views. That's awesome. Look at that, the average, every time goes up a little bit. So thank you guys for sitting through the ads.

Thanks for hitting the light button. We got a good episode for you plan today. Mm-hmm. also starting this coming week every Wednesday guess what Graham highlights oh yeah

no way you're gonna do highlights wow so highlights are going to be posted on this channel how do you how do you do you just take the best parts of every episode and you just are you going to do like five 10 minute clips or how is it going to work

10 minutes yeah okay what are you going to tell you that just I guess the topic of whatever we're talking about highlights for this week and then maybe like a line and then what maybe the most exciting thing of the episode was. Pick the most exciting thing of the episode and just title at that. How's that?

Yeah. No. Cool. So that's something to look out for. Maybe not for you guys if you're already watching, but. I don't know. Maybe we tap into a new audience. That's what I'm hoping.

That's what I'm hoping. The impatient people. Something that's been unfolding between Graham and I and, you know, I'm sure you guys are all well aware as a viewer is my whole thing with college. We've gotten into it, yeah. We've gotten into it, and believe it or not, we have made the decision. Wait, wait, you should... Here's the thing.

I've made the decision. Yeah. You would have to return to school. And then this podcast would really be no more. I'm doing it for you guys. Yeah. So you better hit the like button. Do you want to tell them what you did?

Yeah, I dropped out of college. Dropped out. We got him. Join the club. I never even went to college. Okay. very, very well thought out. It was not obviously something that, a decision that I made just like this. I thought it through. I talked to everybody I needed to talk to. I got every opinion I could

get. And I honestly, never, never would have thought that it was good. Never, ever. Like, literally even like a month and a half ago. Yeah. No way. I agree. I could confirm that because I've been trying to be like, just take a year off. And I would just laugh. Yeah. Graham would bring it up me, I'd be like, oh, yeah, sure, man. But it's all very calculated. And I just want to say, for those of you who are in college or plan to go to college, I still completely stand with what I would previously say. And obviously, I still say this now.

I think college is a really good idea. Graham and I are different here. Okay. I think it's a really, really good idea for a decent amount of people. For some people, it just doesn't make sense. For example, I did the costs, the cost of me going. to college and then possibly losing ties or all of the momentum I've been building with Graham. And I did the costs of staying with Graham and losing that safety net of having a college degree.

I did all of the costs. I analyzed it. I talked to my parents. I talked to everybody I could. And it really makes the most sense to work with Graham. Money talks. It was expensive. It was not cheap to get you to drive.

We did renegotiate our terms a little bit. It was a hefty negotiation because it goes both ways. Yeah. This was a price that I. It took me like, I talked to so many people. There were like six people that I talked to. I went back and I really tried my best not to make impulsive decisions either.

So what I would do is I'd be like, okay, I need like a few days to think this through. I'm gonna come back to you with a number. I came back to you with a number. You had a few days, you got back to me and then I think we went back once more. Like the whole process took like a week and a half. We shot offers back and forth a lot of times.

And just the negotiation part, that took probably a week, maybe longer than a week. I knew what we were going to get to terms on something. Like I knew already we were going to figure something out. I just didn't know what it was. And yeah, I know I did a lot of cost analysis on this. And I think it makes sense. Yeah.

So you're going to get high quality content. Midweek highlights. Overall, we're going to work really as hard as we can to give you guys the best stuff we can give. Yeah. Do you? Yeah. And I'm excited. I'm excited.

I'm super excited too. I think good stuff is in our future. It's going to be good. Yeah. And this is, I want to say the first of me, now we're going to get into the next year. You're going to be like, well, now I want to go back to college. That's going to be your negotiation tactic. Every year we'll look back at this.

Every year you'll dangle that little thing. College, college, by like the 10th year. I'll be like, it's not working this year. Yeah. But I seriously. He'll be retired after the 10th year. Like, I never would have thought that I'm still baffled that I made that decision. Too late now.

Yeah, it is. I withdrew from classes. I canceled my quarter and fortunately, obviously. Oh, now I can renegotiate. We haven't signed into a contract yet. I wouldn't do that, but yeah, I know. Yeah, really, like, what I can do. I will always be a student at UCSB.

I talked to the people at the registrar, the admissions and stuff, and they said I can come back whenever I would like, so I didn't lose admission to the college I'd like to go to. What's that? Can you come back like five years from now or Wednesday? Yeah. Really? Yeah.

Are they making exceptions now because of what's going on? I think so, but I really think that you can leave and come back as long as you weren't dismissed for like academic reasons. You know why? Why? They want your money. That's probably why, yeah. It's not even about having good students. Like you were good enough once.

You're probably good enough like seven years later ago. Yeah, if you paid the first time, you're going to pay again. And what they know is that the prices are going to go up. Yeah. So if you take two years off, they know that third year, They're charging 15% more. Mm-hmm. So they make money.

They do. Yeah. It's just, it's crazy, guys. Don't drop out. Don't follow in my footsteps. I had a very, very rare opportunity, and I decided to take full advantage of it. We're excited.

Leave me as much hate as you like in the comments. No one's going to leave you hate. Everyone's going to be excited. You're going to make money. Making money this year. Yeah, that's the plan. And next year. So that's your next year.

That's the news, everybody. That's the T. That's our clickbait right there. That's the title of the video today, but we got some other exciting stuff planned. The algorithms, they're back in our favor. On this channel. It's funny. The algorithms are never good on both channels at the same time.

Wait, not on this channel. The second channel. Second channel. We had, what we had a one, we had a two that turned into a three. We've had like, you know, the grant video was like a two or a three. We've just had bangor after banger. Yeah, it's been amazing. That's what, it gets you used to that certain T-Rexam.

of views and then you do some growth and then after a month it slows down and you're so sad it slows down you wonder what is going wrong and so right now it's in our favor the main channel it's slowed down a little bit so we got a we got to boost up that main channel now it's crazy how it just go it's just yeah like that yeah can we say that we had a record month with the revenue of the second channel yeah go for it we had a record month yeah we did the revenue so previously our record was what like it was 30 like 30 like 30 33, something like that, I think. Maybe.

So we had the record, April and, no, no, May, June, and July were all just crazy. Yeah. Previously the record was like, what, 20, 28? 27,000. 27, 28. And then we had like 30, then like a 34,

and then 38 was last month. Yeah. Which is just insane. We had good views last month. Oh, yeah. Yeah, a lot of that was just a few videos. It just did way better than normal. The Pokeyman video.

Yeah, the Pokeyman video. Yeah, the Pohyman video. I mean, that one did like seven. Yeah. That was a, that one I didn't expect. No way. I didn't, I didn't, I held off from reacting to that video for a very long time. I'll get around to it.

I didn't expect that at all. But, I mean, I don't even think we've discussed this on the podcast, but because of that video, we met up with her. I'm sure you guys have all seen, but we met up with her and did a video for the main channel. Yeah. Confronting Pokemon. Yeah. Yeah, that was great. That was a spinoff of the, anytime I would react to a millennial money, I would try to have them on the channel,

and then confront them. And it would be like confronting so-and-so for millennial money. So now we confronted Pokemon. Yeah, really smart. Really smart person. Yeah. But that was a really actually, one thing I realized is that's a fun kind of episode to film. It's different.

And I know it was difficult for you because you edited so much. Yeah. That was a nightmare to do. I mean, just the amount of stress going into it. I didn't want to mess it up. The editing was intense because that was my Monday. So, like, no, that was my Wednesday. video, right? That was Wednesday.

It was a Wednesday video. It was a Wednesday video. So they had to meet up with it. The amount of planning beforehand was intense. We thought through everything. Did that day and that Sunday. I edited all day on Monday to have that video ready and posted by Wednesday. Probably over 20 hours of Graham's time. Oh, easy. Went into that easily. And guess what? What happened to the video when we posted? Number one, which means it's no, no, no, no, oh. Oh, wow. So get this. So I spent like 20 hours, maybe no, a little bit less than that editing the video, a whole day basically filming the video for the most part. And we probably spent, I don't know, six, seven hours between both of us planning out the video. The day, it was a nine hour day.

Yeah. Filming out Pokemon. Yeah. So Ramsey, stop it. Okay. So anyway, we post the video and it's all good to go. And within like, I don't know, 15 minutes. The video gets demonetized.

It was horrible. Absolutely horrible. And the reason it gets demonetized is not because, like, we violated it. There was a little, like, four-second clip, a sound clip, about 18 minutes into the video that I used from Pokeyman's video. So this was not audio I put in. I was referencing her video in the background. Had a little audio clip in it. That got flagged.

And I remember you felt physically sick. Oh, yeah. I wanted to throw out. Physically sick. He was sitting here just looking at his computer and he looked so upset and I felt really, really bad because I know you spent so much time working on that video. Yeah, it was terrible. And here's the thing.

When videos like that get demonetized, what ends up happening is that you see your views, their views went okay. But then all of a sudden it starts going down, like dying out a lot. YouTube's not going to push your video if they can't make money on it. And if there's no, like if it's... Technically, the way it works is that ads can't. be shown but the other person gets the ad revenue but I don't know exactly how that works because that other person might not have the same ad rates as me so I don't know anyway usually

when that happens my experience has been just the video dies down and here I am like 30 something hours into a video that I put so much time into and it just the views are terrible and I yeah I didn't know what to do so took deleted the video which I never delete videos but I had to delete the video take out that little audio clip re-upload it and you can't just re-upload the same video by the way because no one clicks on it because they're like oh it already watches me the same thing so you have to retitle it and re-thumbnail it so here we are we spent so long in this title and a thumbnail that we have to redo from scratch last minute and people are expecting this video to come up thankfully we nailed it

thankfully that now worked out in our favor and that couldn't have gone better yeah so there you guys go aspiring YouTubers it's not easy even for the man of talk. Even the stress now thinking about it, like it really left me just like... Yeah. And that day, like after that, you were on cloud nine.

After we got it uploaded and it was like at a two or whatever, you were on, you were so happy. Yeah, because she tweeted it out afterwards and did like an, did she do an Instagram something? Yeah, I think she did an Instagram swipe up or whatever. Yeah. So both of those, like it was at a two and then she did that like,

sort it to a one. YouTube pushed the video a little bit. Didn't have a lot of longevity. unfortunately. I'll check that, but either way, I'm really happy with how that turned out. That was stressful. 5,100 views last 48 hours. As long as it, maybe it just gets 2,500 views a day, I'd be happy with that. Yeah, good times. Oh, follow our Instagrams.

Follow my Instagram, follow, you guys are already all probably following Graham. Follow our Instagrams. We should have a joint Instagram. Graham and Jack. Jack and Graham. I haven't handled ice coffee. You know what? I always like my name in front like Graham and Jack.

This one sounds better, Jack and Graham. Really? Yeah, you think so or no? I thought Graham and Jack sound like that. Let us know down below in the comments. Jack and Graham. Graham and Jack. Let us know down below the comments.

We're going to make a joint Instagram account. And we're going to date it from our first ever time going out and getting his burgers. Yeah. We just post it. Every time we're together, we'll just post stuff. Oh, Ramsey. Ramsey's doing the thing. If you guys were wondering if we had a guest

this podcast, we do. There we go. We got Ramsey. Ramsey the kitty. Hey. There he is. It's always got to make a guest appearance here. Hey, Ontario.

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Oh, wow. Yeah, so people found it. And then I went to the Jubilee video, and I saw comments that were like, this is Jack from the ice coffee hour? Yeah, wow. You have all found it. And I would just... Ramsey.

Ramsey, just trying to get out of that. Ramsey, stop it. Wow, I can't believe people have found it. There's so many Jubilee videos. How would they, like, find that video? No idea. Wow. But for those of you who are curious,

I think my stances have changed. changed a little bit. I wouldn't say that they flip-flop, but I think that I've grown and, like, are you proud of the things that you said in your videos, your Jubilee videos? Or would you retract any statements that you've made?

No. You wouldn't retract any. See, I'm not the same way. No. Which is difficult for me because they, obviously, I would never ask them to change it

because as a, you know, a partial creator, like I understand the feeling of when someone would ask to like, you know, remove content or change content. But it's odd because there is some, like,

regrettable but stuff that I maybe was like ill-informed or something that I said. I mean I prefer not to bring it up because it's like you know what I mean? Fair enough. Yeah. So if you guys find it enjoy. Yeah. And if not then hit the like button. The Twitter hacker that we were also talking about a while ago, we brought that up a few podcasts ago, they found him 17 years old. Yeah. Genius kid. Crazy. Yeah. And he only got $121,000 in Bitcoin. I feel like what I would have done if I were 17 is I would have had some sort of message because I would want a job.

Just like, I would say something like this account was hacked. Reach out to me for a job. Like I want a job. Something like that because I think there's no harm there. He's not stealing anything. It's technically it's illegal. But they got to hire this guy. Like anybody needs to hire this kid after that.

Yeah. I mean, it was incredible what he did. unless he had an in with someone at Twitter, which was the guess, and they were providing him account info, and then, like, really what he did was illegal. If he went in and, like, had someone in there. No, I think he was a part of a hacker group. Wow.

Yeah. And he was 17, which is just unbelievable. Did he, he must have expected it to be up longer than it actually was. Yeah. Maybe. Yeah. He didn't only take Bitcoin from people that sent him Bitcoin. Background just really quickly.

There was a guy that hacked Twitter. Twitter and then send, he made famous people send a message that said like, send me this amount of money. I'll send you twice that amount of money back in Bitcoin or whatever. And he got $121,000. And he made like Steve Jobs, do Elon Musk, a bunch of famous people. But yeah, I mean, it seems like a waste, a real waste of talent. Oh, I agree.

I was hearing jokes that like the federal government would want to hire this guy on to like be like an internal hacker or whatever. Yeah, it's like the movie Catcher. me if you can where he he forges checks and then they catch him he goes to jail but then he then works for the FBI later for like you know fraudulent checks and uh it seems like it something like that would happen but yeah no it just it seems like a lot too much work to go through to save a to make 120 grand that this does he get to keep he couldn't keep the money bail was set i think around 121 grand and i'm sure he does not get to keep the money but he also he also stole some handle

So what he did was he took Like a handle like vampire Just like random handles That'll probably worth some amount of money That would probably be a better crime To take some handles that nobody uses really And just get it Like you have the handle Peter

Yeah John Like some of these things Find somebody who hasn't posted in years Right! Instagram has that They have it where allegedly If someone has not used an account for like many years and you want to take their domain name.

There's ways that you could do that. You've got to pay some money to do that, but it's possible. Yeah. So I don't know why he wouldn't just do that, because he could probably make $200, $300,000, like, no one would know. Yeah.

And people would think, like, oh, maybe I just forgot my password to at John. You know, I don't know. Maybe. That's what I would have done. So, Graham. Options trading. Okay.

I know this is not one of your favorite. topics. I'm six for six. What's your total return now? Over four and a half percent. You made four and a half percent on six trades. Yeah. That doesn't seem like a lot. Here's the thing. It's because when you view options trading, you see it as a super risky investment, right? Those are the people that are getting like 30, 40 percent. Over four and a half percent in about a month is pretty good. Yeah, but that's what the S&P 500 has done this last month. They've gone up about maybe more than that. Is it?

Yeah. So let's say if you just invested in the S&P 500, we go back one month. It was 3145 a month ago. And now it's 3350. 3145. Oh, yeah. All right. Yeah, you would be up about 6.5% had you just invested once in the S&P and left it.

Regardless, six out of six is not bad. Okay. And I think I can continue on this road. I've made like $140 profit so far locked in. I went from $3,000 to $3,140. I lost $35 in Dogecoin. But I'm in the green. And I'm going to continue in the green until I'm 20 for 20.

Good. And then we'll have a different talk. Okay, deal. 20 for 20. What did I say again? I forgot. You didn't say anything. You just said you'll finally be impressed when I'm 20 for 20.

Yeah, I'm not impressed. I'm not, yeah, but 20 for 20, you'd be like, how much property do you make? 7%. I'm an inexperienced traitor. Like I'm new to this, right? So being inexperienced six for six, I think is pretty impressive. Not to toot my own horn, but like... All right, let's say, 20 for 20.

All right. Keep doing it. On a new subject. Graham, you're now a TikToker. Yeah, I am. And a successful one at that. I don't know how successful. You have over 20,000 followers.

I'm 24 right now. It's been growing by like a few thousand a day. Graham is going to be the next big TikToker. Watch out, hype house. Graham's moving in. One thing that really surprised me in the news is jobless claims for this past month were the lowest that they've been since the beginning of like the whole like unemployment. People are getting back to work.

Like early April. Yeah. Yeah, early April. The lowest they've ever been. So 1.2 million claims about a little under that. They've leveled off. It's always been above a million. Yeah, it's leveling off, but still, it's at the lowest it's ever been.

They were expecting 1.4. And I'm just wondering if this is actually going to, like, how much, you know, the damage that we've done to the market is going to affect the future market. It seems like we're still doing fine, right? And I can imagine that we continue going in this direction, but I'm just wondering because intuitively, it just seems like we're going to, there's no way we're not headed towards a crash or something. A million people is still a lot.

It's a lot of people to still continue to be claiming unemployment. Who knows? Who knows? I have a feeling they're going to continue the unemployment benefit a little bit longer. They might already come out by now by the time this video comes out. But I have a feeling they'll continue that to some degree. Probably it'll be $4.450 a month. That'll hold us over to the end of the year.

It's really, it's just this waiting game right now for a vaccine. Or something that might be moderately effective. That's really all this is at this point Because even if they come out with something that's 50% effective Essentially half of the population could get back to work And not have to worry about it And for hospitals too I mean that would allow the people who do get it

To get the care they need I'm just scared for the future at some point You tell me that I should have more invested than I currently do But I just I'm just so scared because I just can't Oh, you're young, it doesn't matter 21. Like when you're 60, you're not going to be the, oh, I should have invested a 25 instead. You would, no one's going to think that. All right, I'll do it. I'll do it.

All right. Just do it. As soon as you invest, let me know so I could sell. Because the market is going to tank. Yeah, no kidding. And you'll be like, hi, I should have done options trading instead. I probably should have. One thing that I found really interesting that you and I were talking about earlier today on our run, which we've been doing lately. Yeah, it's good. Being nice and healthy. You were talking about your first ever rental property that you got. And you got that at 21 years old, right? Yeah. Which, I mean, it's like, I'm 21 right now.

I can't picture myself buying a rental property. You probably were in a better financial position than I was. But still, I mean, how much was the house that you bought? $59,500. I think a public record, it shows $60,500. And I was able to get, I feel bad now, but I was able to get a credit back outside of escrow for $1,000. And did you get a better deal because you were an agent probably within the...

No, I actually had an agent that was representing me who quit because it was a difficult client. Wow. Yeah, absolutely dead serious on that. Yeah, so she represented me. I was writing all these offers and I figured it was better to do it through her because I didn't really care about the commission anyway and I wanted someone to help me like get to know the area. I should reach out to her actually. Should find her. Give her money.

what ended up happening was that she just was not on top of it like I was used to this level of of customer service where like I wanted to write offers on properties and she would be okay you know I'm gonna be out tonight and I'll get back late

and then I'll do it tomorrow and I'm thinking like no no no the place just came on the market like we gotta get the offer now like today oh no I'll do it and then apparently me pushing like why can't you just do it when you get home tonight like at 10 I'll be up send it to me at 10 11 o'clock

and that stressed her out. She was an older agent, and I don't think she was used to that. Like, Beverly Hills is one of those industries where everyone is on it. Like, you call the agent, and, like, if they're in the middle of dinner, they'll set up a showing for it. Like, that's what I was used to. I was hard on her. And there were just so many things with writing offers, with negotiating deals that she just didn't want to do. And even when it came to asking for certain credits,

her telling me no i'm like why why don't we just write it up and ask no please do it and then we would do it and i'd end up getting something but um i forget what happened exactly but i just she quit she quit on me and she said that she couldn't represent me anymore and she just let me represent myself and i think at the time i mean i i had no money i mean no money that what i bought these properties like i was out of cash so like every little cent mattered to me but uh i was aggravated with her because I felt like I could have gotten deals quicker or I could have negotiated a little bit harder if it wasn't for her.

So she quit, I represented myself. Should find her. But it was a $60,000 property. Yeah. And so you only needed how much down? What percent? I bought it cash. Oh, wow.

So you paid $60,000. Yeah. That's really good. And you were immediately, it was immediately a good investment. Yeah. Oh, yeah. I rented it out right afterwards.

Well, not right. Like a month afterwards. I think I got, it was either 1150, 1,200, or 1250. I don't know. This was back in, this would have been like early 2012. Early to, like January, February, 2012, somewhere on there. So you bought it a good time. It was immediately a good investment. You bought it under market value. Right. You fixed it up a little bit. Yeah. I spent 12,000 fixing it up, got it under contract in like 2011. So this was like took a while for this deal to go through. And what gave you the idea of investing in real estate? Clients were doing it.

That area of San Bernardino, I had a wealthy dude in Beverly Hills who was just buying up everything left and right, just didn't care sight on scene, wouldn't even go out there to see it, just had a team of people. And all he would do is just write offer, right offer, right offer, right offer, right offer, just anything that comes up, write an offer. And so after a while and seeing like, wow, he's making some good money from this,

I had all this money saved up and I wasn't sure where to invest it and I figured this is a good option for me. So I started going out there and I would go spend every weekend with a buddy. June, what's up? I don't know if June's watching this, but June's watching this. So we used to go out, him and I and go like look at places every single weekend. We drive up, spend like a day there, see like 15, 14 places come back, get to know the market. And it just determined it was a really good investment out there. Did June buy a property?

Mm-hmm. He did. Yeah, he bought a property, yeah. And then the other guy who I was working with the time. His name was Vigeli bought a property up there, too. Huh. So, yeah, and everybody is good. Yeah.

And you immediately, I mean, you were stoked with your investment. Yeah. And then how long did it take for you to get your next rental? So I got three up there, around the same time. So I used all the cash I had. I sold the Lotus of lease that I had at the time because I needed cash. and uh got three up there and then it wasn't then i had to save another few years to get the next one the next one was like 2000 gosh 15 i think so this is 2012 they're doing so three it took me three

years then after that to go and save up for another property and what do you think has been the average ROI on your real estate i don't even know i don't know um good Like, what, 15? What? Including appreciation. Oh, God. I don't know. Like, the first few places have gone,

have, like, five X in value. Yeah, okay. So this have all gone up. The next place, I was in it 8. 20 to 8, I don't know.

I don't know these numbers. I was in the fourth place. Sorry, there's so many of them. I was in the fourth place, like, 820. now it's worth about one three the next

spot I bought for 585 fixed it up I don't know maybe I'm in it now like 100 so I'm in it like 685 no more than that maybe I'm in at 720 and it's worth

about a million next spot I bought for 815 it's probably also worth about a million and uh Is there anything else than this place?

In this place, which is probably worth about, my guess, about 5% more than what I, what I'm in it. Not 5%. But I closed on this place earlier this year. So really a lot of that is just the hype right now around everything going on. I just want to get invested in real estate so badly. I'm an eager, young, teen, 21. And I want to get in real estate, but I can't.

So expensive here. You would need to save up, have like, 150 grand saved up if you want to buy real estate in here you could do that two years two years of saving after taxes would do that to you really two years of saving after tax that's my plan i want to buy my first rental 23 or younger that's that's my goal you could do it i mean right not right now i mean you could buy a rental you could go to like you know some of these states where you could buy rentals for like 80 grand yeah it depends where you want to buy while perusing the internet i i I once again found something powerful money questions.

I heard that people liked that segment from a few episodes ago. So I've came up with a few more money questions to ask and we can answer. So is my money being spent on the things that truly matter to me? That's for you. Yes. Such as. This table? It's table.

No, this is a bad decision. Honestly, the money is really matter to me. Yeah. I mean, I don't spend money, though. You and I got Chipotle the other day. Macy and I got Cheesecake Factory. What else do I need? I don't think that you're really satisfied by material things.

I want the aquarium. I'm still putting that off because I don't know maybe at some point. If I end up moving out of state at some point, I don't want this crazy aquarium here that I can't take care of every few days. What is your plan with your children and your kids? your money. How many kids are you planning on having? One to two. One to two. And what's your plan with him? With money. I mean, ideally, I'd want to give them most of it, but I think I would also donate a portion

to charity. Like, it depends how much I have. Like, if it's like a billion dollars, obviously I wouldn't leave anyone a billion dollars. If it's like 20 million, I think that would be more manageable. Uh, you set it up into trust and you just, you let them spend whatever the interest is. But ideally, like, like, in a dream, yeah. Growing up. kids. What? Kids growing up, so when they're younger. Oh.

Oh. I'd want them to work. I really want them, put them to work and teach them the value of money. That's what I think. I mean, I have no idea. I'll probably wing it. But I would want them to get jobs and, you know, chores probably to do stuff. I kind of always, I like the idea of telling my kid to get a job. Because hopefully if I'm wealthy enough, you know, like my kids, they see, like,

I think it puts you a little bit at a disadvantage. if you grow up in a household that you can tell is a nice house. You know, like maybe you have like a four-room house or like three bathrooms. It's like a bigger house. You can tell from your friends that you're a little bit wealthier. I think that that probably makes you think less of the dollar. Yeah.

Having more to choose from and stuff just naturally. You have a higher standard of living. Oh, yeah. I think something that could help out with that, what I would do is I would tell my kid to get a job. Say the job is paying $10 an hour. I would give them five hours. extra dollars per $10 they made off that job.

Okay. So they would get a little bit more, you know, that's in the event that I do have enough money to do something like that. I would give them a little bit more reason. You know what I mean? Yeah. And then what's going to happen when they're out of college, like, but dad, I got $500,000 out of school with your friend.

You need to match it. No, you're right. Yeah. Yeah. I don't know. I think just get a job, work. I think that teaches them a value of money. very quickly.

Yeah. It's something I think about a lot. I don't think that there's one set solution. No. But definitely a complicated situation. We're moving on to a new segment. Are you excited? Yes, I am.

It's called What's in your wallet? I don't have my wallet. Oh, it's right there. I just thought of this like a couple minutes ago. Do you want to do it? Sure. Okay, so I got three credit cards. Right there.

I got the J.P. Morgan Reserve. I got the Amex Platinum and I got the Amex Gold Business. Got my driver's license. I got the Chase Sapphire Reserve here. And then behind it, I have my priority pass card for the no traveling I'm doing right now. Behind my driver's license, I have my AAA card. This might actually have expired. Jeez.

I can't even pull it out. Do you want some help with that? No. No, it's just the leather sticks to it. Yeah, it's expired a year ago. Look at that. I'm going to keep it in there just in case the number is still good, though. Just in case, and then what do I have on the inside?

Actually, I'm a lot of stuff on the inside. Okay, so I have... That's where it went. The ride that steals the spotlight every time it hits the road? That's the Volkswagen Tiguan. Its sleek exterior makes a first impression you can't ignore. Step inside to find available... full leather seats and wood accents.

Under the hood, the available 201 turbocharged horsepower engine gives it a fun to drive edge. The refined Tiguan, you deserve more style. Visit vw.ca to learn more. SUVW, German engineered for all. I was looking for this. This is free parking anywhere in Vegas at those hotels. It's the M-Life Platinum.

Wow. Yeah. Oh, wow. I was looking everywhere for this, and I couldn't find it. It doesn't have your name on it. No, it doesn't. It's a friend who gambles a lot. And he gave me this card.

So I just get free, oh, free ballet, too. Wow. Certain Vegas Casino. So there we go. I got a Habit Burger gift card. A picture of me and Macy here. Tesla card, HSBC, debit card. Oh, wait.

Make sure that people are. I got an HSBC debit card here. is a free debit card withdrawals so what they do is that for what is this the hsbc premier they reimburse you for any debit card fees or like uh sorry uh what do you call it cash withdrawals atm oh sorry uh so i use this card for atm withdrawals if i need to because they reimburse you for the hsbc premier for like anything so even if it's like eight bucks it doesn't matter you take out the money it's fine city bank city gold City gold debit card

Once's the last time you use that never use it they give it to you when you when you have an account Oh and then that that's too bad. I have those The beer guests free chick flay meals and then a dollar and that's that's my wallet right there You have one dollar in it? Yeah, I have one dollar When's that time you paid in cash? Casinos so like that's the only thing I'll put like a dollar in the So let's put a dollar in the yeah like the slot machine or whatever It's interesting to look at money now because it just, like, you don't, this is going to be a thing in the past at some point.

Yeah. People are going to look at this, be like, why? It's all going to be Bitcoin. It's interesting because really, you don't really have money like this anymore. Not really. Save your money, people. Yeah. Someday it'll be worth something.

One day. All right. What's in my wallet? First off, I have my Chase debit card, my expired Chase debit card. My expired Chase debit card Venmo Venmo card Nice

Pretty exciting They send you like a free card And you can get like a cool color That's the reason why I have it That's literally it Auto insurance Chiropractic appointment reminder Nice

A loyalty stamp card For Boutabbles Which is like a A bowl place Nice Couldn't tell I have a food. Stuff.

All right. Dude, I got a lot of stuff in here. License. M-Life, there we go. I got an M-Life too. Cool. AMC movie theater. Nice.

$10. That's going to be more. No way. What? Dude, I had another one of those Chick-fil-A ones. Oh, you did. I thought I used them all. Oh.

This is a good one too, because this one will give you a sandwich, fries, and a drink. Try using it again. No, I've tried. Really? Yeah, I have expired ones still that aren't the good ones. Like the breakfast sandwich and stuff like that. They turn them down.

Whoa, I didn't even know I had a Chipotle card in there. Wow. That's pretty exciting. Guess how much money I have, Graham? That's 20 bucks. There's more. 20, 40, 45, 50, 54 dollars. I remember when I used to keep cash like that in a wallet and 54 bucks is a lot of money.

I remember thinking like, wow, like I got like three 20s in there. That's, that's a time. I don't know why I have 54. Oh yeah, here's a fun story Graham and I were cleaning out his old duplex And remember there was there was a woman that like sent money to you on accident Oh yeah So there was a woman and she sent money to Graham when she actually meant to send it to like a family member

It came to my address and it came to his address and she because she wrote down the wrong address And Graham was like oh, I'm gonna send it back to her So he left it in the envelope and he forgot about it Yeah, and then like three years later when we're cleaning out his duplex I find it deep way back in the end of a drawing like Graham what is this like it was like it was like 300 dollars it was a lot of money that she was being sent from like a family member for graduate her uncle or something like that yeah and and I found I was like what is this doing here you're just like oh wow like I forgot about that you know I accidentally received this money so I made it a mission

to find this girl and I did Facebook I did Instagram I looked everywhere and I found her that's true I found her and I then moed her $300 and I kept the cash. That's why I have all the cash. And then I just pay my gas. Okay, cool. And it's dwindling down. Wow. I forgot about that.

Yeah, you're right. Yeah. You found her. She's got to be so appreciative of that. She was weirded out. Why? Because, I mean, first off, I had to verify that I had the right person. I was like, who was it sent by?

And she was like, my uncle. I was like, the first letter is R. What is the full name? And she, like, we had to go through the process. I don't want to send the wrong person. money. But yeah, she was weirded out. She was stoked. Yeah, cool. Venmoed her like 300 bucks. Wow. Payday. What if it was the wrong person? They just got lucky. Well, you know. It happens. Cool. Chase, Freedom Unlimited. Oh, rip, dude.

Oh. Rest in peace. Nice. My UCSB card. And that's about it. Cool. exciting stuff that is what's in my wallet we'll do this every week I'm going to change very much that's same thing that's what's in my wallet cool is there I mean is there anything else that you wanted to talk about I think that's I think that's it I got to edit now yeah gonna edit my tomorrow video yeah all right cool so with that said you guys thank you so much for watching I really appreciate it make sure to subscribe like add us on Instagram hit the notification bell get your two free stocks down below in the description with Weble.

What else do we need to tell them? Subscribe to the second channel. Subscribe to Graham's main channel. The mentorship group is down below in the description. Join the mentorship group and you can talk to us one-on-one. Well, in a group, one-on-one. But kind of one-on-one. Yeah.

Cool, guys. Thanks so much for watching and until next time. Goal. All right.