The Iced Coffee Hour - Graham's Plan To RUN FOR PRESIDENT | Ep. 9

Episode Date: July 19, 2020

In this episode we discuss important matters such as the recent twitter hack, buying property on different planets, Graham's plan to run for president, and we do a budget breakdown on Jack. Thanks for watching! 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] Learn more about your ad choices. Visit podcastchoices.com/adchoices

So welcome back to the iced coffee hour with your host, Graham Steffen and Jack. Jack. Welcome. This is our ninth ever episode. Good. And for those who are curious, we have made. Go ahead and take a guess. You know what, today I actually just looked.

I know how much we made. But, oh, wait, total. Yeah. Total. Oh, you know what? Today's ad revenue didn't post yet. So I think we're at $1,200, I believe it is. That's exactly right.

We're at $1,200. Yeah, there we go. The podcast is doing swimmingly. What are you going to do with all that money? What color Lamborghini do you want? I'd probably get an adventador. Okay, what color? Hot pink.

Hot pink. I'm probably going to get the SVJ Roadster. Okay. With just the... Oh, you said you liked that one. It's just the carbon fiber body, the whole thing. So I'm going to use the podcast money to go ahead and buy that. Honestly, why is investments?

In a lease, I bet the thing is, probably going to cost about $8,000 a month the lease. So we could get, with $1,000, $1,200, we can get like a few days of a lease. That's not too bad. That would make a killer podcast episode. That would. So let us know, guys. No, we're not going to do that. Or geez, actually, if you wanted to rent it by the hour, I bet it's like $1,000 an hour. Are you kidding me? Yeah. Oh, yeah, because, oh, we forgot the down payment of the roadster. How much does it cost, the MSRP of the car? About $500,000, maybe $550. And it's $1,000 an hour. And it's $1,000 an hour. If you're going to rent it, you've got to like enterprise rent a guy, you can't get

to Hertz anymore. Yeah. So yeah, but yeah, if you're going to rent one of those cars, they're expensive. That's crazy. This is company, they make so much money. They make so much money doing that. Yeah, it is. Catching up on everything. How have you been recently? Good. Anything exciting happened in the life of Graham? Yeah, the algorithm is finally back in our favor. Yes. I feel so much better now. Last week, I was in such a run. It seemed like all the videos I had posted just, I don't know, the algorithm just didn't, didn't like me last week. And in a bit the week before that, it's like, no matter what I posted, two weeks now. No matter what I posted, it was just like nine out of ten, ten out of ten. I was feeling so discouraged. And now the

videos have picked back up, thankfully, the algorithm is coming back on our favor. So I'm feeling so much better about things. YouTube as an algorithm, like you said, it ranks the last ten videos. So now we're going to be able to see when we get ten videos, how are videos performed relative to the last 10. And when you get a 10 out of 10, it means of your last 10 videos that you posted, that one did the worst. And you know, if you have a 10 out of 10. It makes you feel bad on purpose.

You know when you have a 10 out of 10, it's you feel like you failed. Like you really question everything we did. I was like, my career is over. Like, I'm going to have to go back to work guys. Yeah. Yeah. We're going to have to do something else. On DMing celebrities.

Did any of them respond, Graham? Everyone's dying to know. One. One person responded back. Now it was the time that you. you got to put an ad break. Because he'll be like, the person who responded is.

Right. Everyone comment right now will give you three seconds. Comment who you think responded. Okay, great. So, Adam 22. Okay.

Yeah. And what do you respond? He just responded back with a little like emoji. So that basically means he's acknowledging that you're in his inbox. Yeah, basically, like I do that every now and then if someone gets back to me. And I know I should respond to the person.

But there's really not much, like I don't want to respond like a paragraph. And an acknowledgement, is good enough. Yeah. Because then I've seen it. I want to say, I've seen your message. I read it, respect it, I respond back, but it ends there. Adam 22. Yeah. So thank you. If he, wanted a million chance he's ever watching this. Yeah, right on. Yeah. For those of you guys who are curious, the ring goes to Prashant underscore K underscore jaw. Oh, don't, doing it's a little thing there. You could. Oh, yeah, yeah, yeah. Prashant. Thank you for entering. There was 82 people

that wanted it. Wow. 82 people. So I just did a Google sheet, so listed about that. Random number generator, Prashant 1. Wow. That's cool. Yeah. It's a good way to do it. Congratulations. We have pressing news.

Okay. Okay. What's going on with the Bitcoin scam? Ooh, Twitter. Yeah. Wow, that was crazy. Absolutely crazy. Some of the biggest names.

So yeah, so what this is is when they hacked into all these Twitter accounts, there was like this stupid Bitcoin giveaway. And it just says, I'm feeling generous today. I want to give you. want to give back. Everyone say give back. So if you send me one Bitcoin, I'm going to send you two Bitcoin back.

Come on. Yeah. And they made like really famous and notable people tweet that. Right. So yeah, so it was like Elon Musk. Yeah. Kanye. Kanye. Jeff Bezos. Jeff Bezos. Bill Gates. I forgot Bill Big. Blah, blah, blah, blah. Bill Gates.

Obama. Joe Biden. Like some of the biggest names. And I'm shocked. That they can hack anybody, anything. And they choose to do a Bitcoin scam. So I only thought it happened to one person, and I figured that someone just found out their password. But this was like a leak or like a crack in the security of Twitter because it happened to like seven people. I think there's so much more they could have done with the access to their accounts that maybe could have gone unnoticed for a lot longer and could have done either more damage or for. more money. Now, here's the thing. I mean, some people might say, like, this could be,

like, a political thing that could hack in. People just wanted money. Yeah. So, they're all just about money. I think I read a source that said they got about $155,000 in Bitcoin in, I don't know, 10 minutes, which is, which is significant. $155,000 in 10 minutes is a lot. But you have to think, it's like the amount of work and skill and sophistication it would take. Yeah. Do you want some help? I just cut my fingernails. I literally can't help it. That's why I go to the gym. Thanks, Graham. Yeah, you're welcome.

But yeah, but the level of sophistication it would take to hack. Just for that pay off, though. That doesn't seem like it's worth it. It doesn't seem like it's worth it. And so, like, I was thinking, okay, maybe it could be like a test of something for something bigger, like they know now.

You wouldn't waste on a Bitcoin scam for $155,000. There's no way. Like, something better would be like... What's Twitter going to do about it? I don't know. They're probably... They're going to investigate. They're going to apologize.

You're going to do better next time. That's what they're probably going to do. Just really what anybody can do. They're going to try to find it. But if, I mean, if it were me and I was like hacking into these places, like, first of all, I'd want a job. So I'd go in and be like, you know, I want, I want $750,000 a year. I want to be a part of your cybersecurity team. Like, let's work together. You know, I found, I found an efficiency. I'm really good at this. Why are these people going for Bitcoin? It seems like if you have that skill, then it should be like worth much more than $150,000.

Because, I mean, that never happens. And potentially jail time. I mean, they're not going to find it. Let's be real. You're not going to find out who did it unless someone rats your eyes. Like, there's no way. They're not going to know. But, I mean, it would be a lot easier, too, to tweet something about, like, well, I guess it was after.

I would wait. You would wait, like, during morning hours of trading, and you pump stocks. I mean, you just mentioned some little penny stock. That thing's going to soar, like, three, 400%. If Elon Musk says something, like, I'm going to, I'm investing everything. in Neo. Yeah. Imagine that.

Like, you know, we're buying out Neo at $50 a share. Seconds, that thing is going to rise. Skyrocket. And if you have any

amount of money, and you could quadruple your money very quickly. And how would they, like, especially if you knew you're going to do this at a time you buy in like a month or two before,

keep your position in there. As you see it go up, start doing like, you know, just selling off bit by bit by bit by bit. I think a lot more money than just Bitcoin scams. But then it's trace.

Then they find out like then they look maybe the SEC looks at everyone who made like profit a lot of money But but that would be so a lot of people were trading Neo There's so many people. Yeah, they wouldn't find out if you did it if you I mean I'm sure if you if you know that much and you You'd probably be a very calculated operation if you're gonna I'm just I'm sure Why Bitcoin? Yeah, I know that It seems like just a very low level thing to do and a hundred fifty thousand dollars It just baffles me. I expected it would have been much more it would be the equivalent of someone breaking into like like an art dealership.

Do art dealership? Is it what do you call it? Like an art museum. And there's a Mona Lisa that you could steal, like a whole bunch of other stuff. But you steal something from the gift shop. Yeah. And like you broke in. Yeah.

And you had access to everything. Everything. No one was there. No security. Nothing. Speaking about all these celebrities and Elon Musk, he is selling property on Mars, right? Is he? I think so.

Oh. I don't think he's selling property on Mars. I heard he was selling property on Mars. and I heard it was $29 an acre. It's got to be a skim. There's no way someone has the rights to sell property on Mars. Are you sure? Yeah.

There was a guy a while ago who claimed that he had ownership of the moon. You guys can look this up. It's a real thing. And he actually fought it because he claimed, like, there's something about the moon being like neutral territory, but he did something that, like, circumvented the law. He found some loophole where he was able to file something to have the ownership of the moon and no one responded to it or contested it within a certain time frame and then he like legally got ownership of the moon.

But that doesn't make any sense because what was he based in like America? Yeah, because then he would have to assume that America has the right to give away possession. I forget what it was exactly. I can look it up. Rather than any other country. I could look it up. It was a real thing. Yeah.

This guy says, meet the man who owns the moon. A loophole in a United Nations charter has allowed Dennis Hope to sell plots on the moon for more than 30 years. In the early 1980s, Hope then unemployed for about a year, thought he'd be a good property owner and could make a living managing real estate. He looked out the window and saw more unclaimed property than he could possibly fathom the moon. And he took a political science course in college. The 1967 United Nations Outer Space Treaty said no country could own the moon, but it says nothing about individuals.

Hope wrote a letter to the United Nations saying the moon was his, and he asked the group to come up with a legal reason why, an individual cannot claim ownership of the moon. He never heard back. I sent the United Nations a declaration of ownership detailing my intent to subdivise and sell the moon and have never heard back. There is a loophole in the treaty.

It does not apply to individuals. Since then, he sold more than 611 million acres of land on the moon. Individual one acre lot sell for $19.95. And there are discounts for larger plots. He once sold a country-sized plot of land, 2.6 million acres, for $250,000. He sold plots on the moon to three former presidents,

George Bush, Jimmy Carter, and Ronald Reagan. Oh, my. He's president of the galactic government, a Democrat Republican, a Democratic Republic that represents landowners on the moon. On some of his other properties, he claimed ownership of Mercury Mars, Venus, Jupiter. He claimed property on Pluto.

Yeah, well, he's at it. Customers can buy the entirety of Pluto for $250,000. Wow That's insane Yeah I love how he just sends in Like he just says yep the moon's mine now Well he said his intention

Was to own claim owners of the moon So and he also contends there's more than six quadrillion dollars Worth of helium reserves on the moon And that he and his property owners Which there are thousands own all of it Heelium 3 is used in nuclear fusion and trades for about $125,000 an ounce. It might be interesting to buy a plotted land.

Would you buy any moon? Honestly, I'd spend like a few hundred bucks and I just, it just gets like, because you never know, like, in case this, in case this guy turns out to be legit one day, I want a piece of that. Oh, how I bought the moon for $78. That would be such...

$17 a month. I don't know. That would be a good video. That would be funny. On Mars, do you think aliens exist? I'd love to think that some sort of extraterrestrial life exists.

I have a feeling maybe, maybe not on Mars. I wouldn't be surprised if there's like some different form of life or some, I don't know, carbon-based cell or something like that on another planet that's alive. I wouldn't be surprised. Wouldn't be surprised if aliens exist. It was weird to call them an alien. But I wouldn't believe in aliens. I do.

I believe there's some other form of life out there. I think there has to be. Yeah. I agree. If the universe is like ever expanding, I think that there is. There's no way there's not, like at least something. Yeah. You know what I mean?

How are we the only ones? I think it doesn't make sense unless this is all just like a virtual reality. Yeah, simulation. I mean, that's the only thing I could think of is that nothing exists. And everything is a figment of our imagination. And then that leads us to believe, do each of us then have our own realities? Oh, wow. Do you really exist?

Is your reality completely different than mine? So am I potentially all alone and everyone else is just a figment of my imagination? Wow. As is everybody else. Yeah. It's crazy to think. So, I don't know. Stuff I think about every now and then.

We also have to address the sad demise of Doge coin. For the record, I sold out of it within 24 hours of buying into it. I think I lost, but 50 bucks for you for you for? Thankfully, I did it was down. Yeah, it was down and then I figured, oh man, I was I would think at the peak I was down about $80. Were you ever up? No Not one moment as soon as they bought it. It just the second I bought it. It was less So I broke even for the video basically the entire video basically Helped my loss and those going oh my god

So never in the green. It was not once in the green. It was not once in the green That is so funny. Yeah, I sold out for a loss of like 60 bucks. All right. So it didn't go my way either. It doesn't only go up, guys. I know it wasn't going to. It's a stupid thing.

I mean, it's just no point to it. Yeah. For those of you guys who are curious and worried about me and my investments, just know, this is all play money that I'm doing with, like, you know, the puts and the options and Dogecoin. That's not like my retirement, my kids. funds. Nope. No. It's all just play money. It's gambling money. Gambling. That's all you're doing. Yeah, exactly. With Dogecoin. Not options. I don't have options. But you told me today also of Dave and Buster. What happened there? Man, I don't want to talk about it. You don't want to talk

about it? Not really. I invested in Dave and Busters. And of course, California shut down again. And I've been holding on to the stock and it's been going down consistently every month. And I, and I I really believed in it. And then California announced that they're going to be shutting down. Right now, it's indefinitely. It's probably going to be about two weeks. And I figured at that point, it's just like, how much further can Dave and Busters really go from here?

If California is going to be shut down again, if other places are going to begin shutting down again, this is not a stock to hold on to. And I'm going to put in something safer. So, of course, I sold out of it. And then the next day it goes up 20%. 20% it goes up. The day after I sold it.

And also the day that, that you sold it, it started climbing. It started going right after I sold it. So it didn't like me owning the stock. No. I really what it is. And I rarely sell anything. Like the Doge coin, I mean, obviously I'm going to sell it.

But yeah, like Dave and Buster is something. Like, I'm holding onto everything else. That's the only one that I've sold. And of course, it just as soon as I sell it. Yeah. It seems like the best investment strategy is just do the opposite of what I do. Yeah. If Graham buys the stock, I short the stock.

Pretty much. Warren Buffett actually came today, or there's an announcement today, that Warren Buffett said, he would have been so much further ahead today if he just never sold a stock. Wow. Yeah. That's incredible. Yeah. And then people say, well, when about Cisco?

Well, if you sold Cisco, what about Hurt stock? If you just never sold Hurt stock. So, like, there's a fine line there. But, I mean, overall, if you just don't sell. Yeah, you don't sell. You'd be better off. I've, in my actual trading portfolio, I've never sold anything. So, yeah, in my play stuff, I do.

But that's a very small percentage of. That's the way it should be. Yeah. So there's what we do, guys. Cool. Regarding the sell contract, the sell put contract that I talked about last podcast, it went through and, uh, or actually bought back with 90 minutes left. And I made $46 off of it.

Wow. Congratulations. So not too shabby. I think I made like a 2% return in one week. Nice. So things are still going well. I'm two for two. I'm my options trading.

20 for 20. That's what we want. What do you have to? 20 for 20 is what it's, it's what it takes. Well, I did another one this week, and it looks like it's going to go in my favor again. Good.

So we three for three. Well, everything right now is going up. That's true. Right now. Yeah. It's when things start going down. Yeah. So I think people are hopeful right now for any sort of cure.

And so they're just rallying in stocks. All I'm saying is if I'm going three, for three. I mean, is that, that's better, I'm guessing, than you expect it. That's better than two of two. Is that what you expected? I would do three out of three. I don't know. I don't know. I did not give that much thought. So, if we can get a 20 out of 20, then I'll, then I'll listen to you. Okay. All right. All right. So now we're going to go on a segment where Graham is going to review my budget. So I prepared my income and expenses and I can throw up a screenshot of the spreadsheet. And Graham is going to look at all my.

stuff so I just want to let you guys all know I was very hesitant to do this because I don't personally I don't like revealing this information it makes me feel a little uncomfortable but I know you guys wanted it okay so all right so here we go so we got video editing 4,000 I want to read this Maloney of mine 4,1217 and 29 cents we got the mentorship group link down below in the description by the way know what we should do discount only here 30 dollars off love it for the first 10 people only. Let's do it.

30 bucks off. You'll get to talk to Graham and I. Oh yeah, you can join the live streams. Yeah. So yeah, $30 off, first 10 people down below in the description if you want to join it. What it is, is it's a private, uh, Ravzi, I'm telling him about the mentorship group. That's what he does every single time he wants attention. Yeah, he does that.

Rams, I'm telling them about the mentorship group, how they can do the live streams with me every Sunday morning at 9 a.m. Pacific Standard Time. and then a Zoom call on Thursday at 5 p.m. Pacific Standard Time. And then you do it Tuesday. I do it on Tuesday. Yeah. So, yeah.

So the mentorship with $116 a month hourly. Okay. $600. Podcast, $144. $155. Okay. Decent income. That's good.

That's good. But then we got your expenses. Basil and Mint with Matthew. What's that? Okay. So that was that the, the Fah that I got. The Vietnamese Fah with my friend where you got the spring rolls. What's lucky?

Groceries. Why is it lucky? I don't know. That was what Mint classified it as. I just got all this from Mint. Lucky PayPal. Don't know what that was. $15.

Oh, you paid us. That one time we went out for the drink. Remember? Was it really? Yeah. Oh, okay. Or maybe that was Venmo. Oh.

That was Venmo. Okay, then we got Little Seasers, 539. Okay, that's right. Two Trees Cafe. $18 at a cafe. What was that? I got this thing called a Monte Cristo It was just a sandwich

My friends wanted to go I thought I spoiled myself Okay so Ralph's $114.14 that was Groceries of the month Audible $15 a month Fees and charge

What's fee? Why are you paying fees and charges? I have no idea what that was I just saw it in Mint You know what? Oh look at what that is on Mint Because that's probably like an overdraft of some sort

Really? Yeah Look at that I don't think it was an overdraft There's some sort of fee Or you didn't pay a credit card off In full on time Or you got charged interest

on something It wasn't called fees in charges. It was called something else, and I was scared that it was locational, and I didn't want people to know where exactly. All right. But it was classified as a fee in the category. All right. Jack in the Box, 757. That's expensive for Jack in the Box.

Groceries 26. Habit Thompson for Venmo a dollar. Arc of gas. Okay, groceries. So you went to groceries twice. So you're eating $220 a month on groceries. Yeah. Okay.

That's fine. Vonds. So gross. 59 7809 total expenses 419 dollars that's a lot net income 55 my expenses are a lot yeah that's a lot of money so okay so what i would do ramsie so what i would do is probably you got to cut out the little caesar's cut out the true uh two trees cafe uh get rid of those fees and charges no jack in the box you want to get that down to like 380 a month and i'd be happy i spent 380 on the amp for july so i'm already yeah that's why you should

shows June instead of July. Yeah. Ramsey, stop it. Oh, he wants to show you, okay, there you go. I mean, it's, it's, you gotta get the spending down a little bit. Are you disappointed? A little bit. Gotta get the spending down a little bit. I mean, it's good. I, I have, I mean, obviously I have no complaints on this.

I mean, overall, it's not terrible. Like, I don't have very expensive taste. No. For the most part. It's good. This reminds me of my expenses back in the day, where I would have like really nothing. Yeah. But yeah, it's good.

Yeah. I'm fortunate I don't have very expensive taste. Yeah. You know? It just don't need very much to operate. Graham, I maxed out my Roth IRA for 2019. A little clapy thing, the yellow one. Here you do it.

There you go. Maxed out. Congratulations. Thank you very much. Nice. What do you invest in? I invested in VT Sachs. Cool.

Done. Easy. So in my own personal investments, I do Vigax. But in my raw, Roth IRA, I did VT Sacks. SPART. Yeah. Cool.

Congratulations. That's the way to go. Thank you so much. E.T. Sachs it. I was perusing the internet and I found this article called eight powerful personal finance questions that you should ask yourself. So I thought it would be cool if we asked ourselves these powerful personal finance questions. Oh, let's hear it.

Number one, what would you not do if you could go back in time? What would I not do? I would not, I would not get a credit card? no that's not I didn't get a credit card so I would not not get a credit card okay all right accounts

that's a terrible way what would you not do invest in dogecoin sell Dave and Buster what would I not everything is I would not not do this I would I would have

I would have waited to set up a Roth IRA and it was like 22 I think I figured out 21 or 22 somewhere on there did you just learn about it then yeah Yeah, I didn't max out my Roth IRA, 2017 or 2018. Yeah, I learned about it when I was 21, 22, somewhere on there.

Okay, so. All right. That's fair. Yeah, so that's what I would not do. I would not wait. Not wait to do that. When do you picture your financial independence day to be? Which is like when you decide that you're good to just be free.

Oh, that was a few years ago. so already really when did you decide it was i don't think there's ever a decision it's just it's just happened it just happened and rental properties i'm guessing yeah rental properties but it also like i'm not talking about living you know that it's it's called uh what is it called like it's not like lean fire well in a way it's lean fire so it's enough to pay all my expenses and kind of everything i'd want to do within a reason but anything over that then i'd have to save up and invest more money but then you know invest and save more money and then got the house now and then had to invest and save more money got that covered so I mean I'm not talking about like Lambo's or anything

like that so the part of me thinks like to be truly like fire it would have to include all the luxuries you could ever think of so yeah so yeah what's your plan with retirement are you ever going to retire no I doubt it I would be shocked Shots I ever stopped, yeah As you know, there he is I always want to do something I like, I like working What's yours?

My financial independent day? No, no, no, no, the thing you would not do Oh, probably I mean the worst financial decision I've ever made was probably Investing in Wells Fargo and General Electric Oh, Wells Fargo is a terrible company

I threw some money in them Yeah, because I figured like how much worse can they be They got worse I mean, I lost money in Wells Fargo. Stock so far, it's just a terrible company. Yeah, I lost the most money in Wells Fargo and general. They were both just bad investments. I agree.

But those are the worst financial decision I've ever made. The third question we already answered, which is what would you do if you had $10 million in the bank, which your answer would be the exact same thing? If I had $10 million cash right now sitting in the bank, what I would do is probably take half of it, index funds, half of it real estate. That's what I'd do. Would you ever invest in bonds? Oh, you know what?

I actually started doing that. So I took 200,000 and I bought California tax-free municipal bonds. Nice. Yeah. And there was just like a bond fund. The advantage of that is that that income is not taxed at the state level. So it saves me on state income tax on that. What's the return?

I think after all expenses and fees, it's about 1.2%, but that's tax-free. So that's really more like 2.4% before taxes, which is big for me. So I figured I may as well throw some cash in that that is always going to be there tax-free. And if I need the money, it's sitting there. So I started doing that. So you can buy it whenever? Yeah. Oh, yeah.

It's an index fund. So you sell it and it's available the next day. Oh, that's cool. Yeah. What would you do if you got $10 million? You're going to ask. Oh, if I had $10 million in the bank? Realistically, I probably wouldn't be editing videos.

I'd still, I'm sorry. All right. But the labor of editing videos, I think, could just be a science. Like, I could get someone else to do it. I would still, I would love to still work with you because I couldn't picture myself doing anything else career-wise. So, of course, I'd still be working with you. So that's a good reason to drop out of college.

Can't do anything else. Good one. But I don't know. I'd probably buy a house. I would hate to ever rent. So I'd probably buy a house and just chill. Cool. Get some cool music equipment.

All right. That's fair. You got a jam. Yeah, we do. We do. I do right, yeah. This is a great question.

I love this question. What would you do if you were not afraid of failure? Not afraid of failure. So you could still fail. It's just you're not afraid of failing. Yeah. But the whole idea of

the fact that you could still fail doesn't apply in this situation because you just wouldn't be afraid of it. Um, gosh, I would say with all the stimulus stuff, it's, um,

all the stimulus stuff going on. I, for the first time ever my entire life has started enjoying politics a little bit, at least following it. So I don't know. Maybe like, I see people in the Senate.

And it seems, it seems interesting to me to, like, run for a senator as something like this. So, like, I don't think I'll ever do it, but it at least now seems a bit interesting, whereas before,

that would never have crossed my mind. Either that or, thinking about, like, maybe starting a business, but, you know, I,

I could do that now. I'm not afraid of that. Maybe something in politics. I never thought I'd ever say something in politics, ever. Yeah. But at least now I'm interested in it. So that's the only thing where it's like, ooh, it seems interesting.

I don't know. It's cool. You get to make a change. Yeah. You could run for city council. Why? Let's go up higher than that. Let's go for senator.

Well, you have to start somewhere, Graham. You know what I think would be interesting? I don't think I'm ever going to do it. But running for president, I think would be, like, I don't know. Again, I would never do it. Maybe it would. But I would be. I would never do it.

Maybe I would. But I just, I start watching these documentaries on like the white. It's really interesting stuff. Yeah. Like really cool stuff. The downside is that you have to have a college degree, like at least a bachelor's. Oh. I don't got, I don't have that.

So I would need to get a bachelor's degree. Is there no like bachelor's equivalent that you can have? Maybe. You should do it, man. Look at you. You're charismatic. You already have like, you've built up a following. I could probably get a million.

You could probably win. You could probably win. I'll probably win. I don't know But then it's like You're in such a public eye like that I don't think you could ever return to a normal life I just like having the ability that if you ever want to

Disappear for a little bit and just lay low You could do that you can't really do that ever as a president That's true But I have a feeling at some point There's going to be a social media influencer as a president I think so Because you gotta think it's like These people are reaching

You know 100, 200 million people Every single month That's that's that's basically it's got to be in a while though because a lot of their audiences are just younger because we grew up with social media but you have to think too if someone's like 15 years old to 20 years old now watching someone on youtube and that person 10 years from now they're still they're still making YouTube videos and they run for president and they trust this person and they've been watching them come up for 10 years that person got their vote as long as they have a good message and they're honest like that they'd have my like if Elon Musk would run for president instant vote right there for a lot of people would you vote for Elon? Yeah. I would vote for Elon. Of course. I would I would love him to run for president. I think the amount of stuff he would get done on a whim, he would wake up one morning and have a crazy thought and then be like, okay, let's just make this a new law then. Yeah. I think he would be the most productive. I think he's too productive for that. Like I do think the downside of that is it, there's so much

by bureaucracy. You are. And there's a lot of stuff that you just, you don't have the wiggle room. Like Elon Musk has so much money, he can just choose to do whatever he wants. But when you're involved in that, you know, it might be stifle. But anyway, I would totally vote for Elon. That would be crazy. I wonder if that's ever, like, on, I hope so. I hope so.

But, uh, but yeah, I do think, I do think president would be kind of cool. You'd be kind of cool, I'm a dual citizen, so believe it or not, I'm also Canadian. So I would be, I don't know, has there been like a, like a half Canadian president? Probably not, actually. I think I'd be, it could be the first half Canadian president

who was dual citizenship. That's good. That's a good angle. Yeah. To hit it with. Be interesting. Yeah. Graham for present.

Yeah. Pass all sort of laws. They'll be like, okay, we have smash the like button day. We have iced coffee. Oh, that's force everyone to watch a video. That would be hilarious. That would be. The inauguration is just like, what's up you guys?

It's Graham here. So thank you guys so much for watching. I really appreciate it. Get your two free stocks down below in the description. That would be so funny. Oh my God. This speech is sponsored by a. Weevil, guys.

Think about that. Think of all the sponsors I could get. You'd be get some good sponsors to it. Oh, I got to be giving the speech. I'll be like, but really quick. You could implement laws to force YouTube to push your, like, for the algorithm to be in your favor. That would be so much fun to be like, all right, guys, but really quick, this is sponsored by trade coffee. Does anything I love more than trade?

It gets delivered to your doorstep fresh from the roaster. Oh, no need to stand in line, guys. Oh, I love that. That's genius. But no, seriously, I think there will be a social media influencer president at some point. There has to be. I wouldn't be surprised. Yeah.

You know, if we got, you know, a movie, we got a movie actor, a Ronald Reagan. We got Donald Trump. Yeah. Did some TV. I think it's going in that direction, I think. Yeah, like already having, like an existing man base. Right. Exactly.

I think it's going to take probably 30 years to really start to see that cumulate. But yeah, I'd say just give it time. It would be fun to run, though. Why don't you do it, dude? I got to get a bachelor's degree. You also have to be like 15 years older. No, 35. I thought it was 45.

35, minimum age to run for president. Let me see. I remember this because I actually paid attention to this in a history class. And I remember thinking like 35. Like, oh, that's when I'm going to run for president? 35 years old. And have been a resident in the United States for 14 years. Let's see.

Let's see. Okay, current president requirements a whole law, fast. Natural born citizen in the United States, correct, be at least 35 years old. Resident in the United States for 14 years. Most presidents of the United States received a college education.

However, the U.S. Constitution does not set forth any education requirements for presidents. Wait, what? Are you serious? That's according to Thoughtco. I feel like if you really wanted to run president, you'd probably go to college for four years,

just like it wouldn't be that big of a setback. I was going to run for president, but then I was going to make a huge change, but then I realized I needed a college degree. Oh, Harry Truman never had a college degree. Well, that's a thing, too. It's not a good look to be like, you know, I was going to run for president,

but I had to go to college degree, so I said, no, it's too hard. Yeah. But it comes to show you, I think a college degree is not a requirement. I think it's a, if anything, it shows that your responsibility, sourceful and you're not going to waste your time.

Yeah. Your economic... ...fitting conventional norms. Just because it's a requirement. You got a question that. You got to question the system and be like, why am I doing this? What's the purpose of this? And is this going to be...

How is that going to benefit people? And if it's not a benefit to people, it just seems like a waste of time, then you're not going to do it. And that could be applied to so many other things with a lot of things. It's so hard for me to like... To not picture you like giving a speech when you're doing that. You're just don't fit the conventional norms and... You don't get... The conventional norseer.

You're all going to smash the like button for the YouTube algorithm. And oil prices have gone too high. I would be so good for the stock market, man. Honestly, for, I would, I would incentivize investments. So much I would do. Honestly, I would make financial education to require it. I would treat honestly, because in a way, running the country is a, it's a business. I think running it like a business, but you got to be fair to people, too.

So there's a bit of, there's some social issues we got to fix. and some financial ones. But I would, like, at the core, it's got to make sense financially. And we got to make sure that everything's run efficiently. Yeah. That's what I really believe. You've got to be fair to people, too. Yeah.

So. This is great, man. You're just like a president. You're so presidential. I think it'd be fun. It'll be fun, man. I'm kind of hyped up on this now. Graham's not going to be able to sleep tonight.

He's going to be so giddy over running for president. I mean, do it, dude. Let me be in your cab. Can you just straight up run? Can I, can I? I think anyone could... I think you can at least run. So, I mean, I got another probably like eight years to go,

so I can do what would that be? So we got, you know, 2020, 2020, 2024, 2028. Yeah. It would be the year where I can... You're going to be up against, like, Kanye West. Just want it be. Just want it should be I'm up against Elon Musk.

Like, at that point, I'll give it to Kanye. Dude, you did at least... Like, I know my competition. Five million votes. Because, I mean, think about your YouTube channel. Yeah. What? 10 years in the future?

you'll probably have 10, 5 million subscribers. Yeah. Yeah, I mean, gosh. Graham for president. I just don't know what it would be like. Like, that's the thing. Like, YouTube, well, YouTube is one of those things where I felt like you could just try it out a little bit. You like it.

You keep going. Being president is something. You can't really just try it out for a week or something. I don't like it. Like, I want to make sure I enjoy it. Would you still make YouTube videos if you were president? Dude, you could have crazy content. Like, you could, you could.

I'd have the best office in the world. Like, you could relate. lease, like, the laws on your YouTube channel before you sign off on the papers. It's like, breaking news. Five stocks and buying November 2028. Oh, my God. We can't keep up with this. Think of the thumbnails I would put on the, on the banners and something like that.

Crazy thumbnails. Oh, man. Yeah, that's interesting. Yeah. Do it, man. Let me be your vice president. Just watch. How funny would it be?

If someone looks back 20 years ago, they find the podcast. You're like, it started here. Like, this started here. They're joking about it. Yeah. You know, they're going to take everything out of context, of course. They twist it, and they're going to villainize it. But you'd get recognized all the time if you were president, which would be tough.

That's what I missed. You got recognized today. That would happen all the time. Eh. I wouldn't mind it. I wouldn't mind. It's interesting. It's food for thought, guys.

If you would vote for me, let us know. Hit the like button. And every like button equals one. And that's the thing too. Like I wouldn't, I wouldn't, like, I don't believe in either side. Yeah. It too. Like, I really don't take sides.

I'm just like, what makes sense for each situation? Exactly, dude. If this makes sense over here, let's do that. That makes sense over there. Let's do that. Once you subscribe to a side, then you have to, you feel like you have to uphold that side's agenda, whatever it is. When you should be thinking independently and for yourself and assessing each, like, situation as an individual case. You know, you don't like take some presupposed like agenda.

No. That's what I, yeah, I just, everything, take everything and it's face value. This is the situation. How do we best navigate that with the resources we have available? The resources that we have available. You already have the hand versions down. So with that said, you guys, yeah, I would end, I would ever ever see to that. Oh, yeah.

Thank you so much for watching. I really appreciate it as always. Make sure to vote. Oh, my gosh. That's classic. They should have do, do kind stuff. Treat everyone with respect. You cancel Starbucks.

No more Starbucks. I do. Shut it down. Such a heavy tax on top. That's smart, dude. Oh, man. All right. Yeah, that's fun.

We'll see. What big expenses are on your five-star horizon? I don't know what that means. And how do you plan to save for them? This is five-year horizon. What did I say? Five-star horizon. It's like, I don't know what that means.

Five-year horizon. Big expense. is five-year horizon. Well, the big, the big expense was be if I end up getting an office space. So to bring everyone up to speed, I've had this idea in my mind about getting a house and then renovating the whole house to be my office. So I was kind of thinking like a cool, like, warehousey vibe with like garage doors on the side. And basically what I had in my garage, but I want like a larger space like that.

I think it would be really cool. So that would be one of it. That's really the only big expense. Everything else is volatile. The aquarium. Would you save for either of them? Or would you just be like, oh, it's time.

It's time. The aquarium is something, I told myself August 1st, I'm going to make that decision. Wow. So, yeah. So the aquarium is really the only big thing. Maybe an office.

Everything else is voluntary. Yeah. What about you? Big expenses on the horizon. I'm looking maybe getting an acoustic guitar. Okay. That's it. Oh.

Yeah. Oh, I love this question. Okay. What do you currently own that you would not pay market value for? A lot of this furniture. Yeah. Yeah. Why? Did you get good deals on it?

No. Wait, what do I currently own that I would not pay market value for? I think a more interesting question is, what did you pay market value for? Furniture. And now you would not. Why? Furniture. I love this furniture in here, but I overpaid on the furniture.

A lot of it was custom done. And it's really like, it's nice, dude. It's really high quality stuff. But just guess how much the table was this thing right here You don't understand when I tell you how much the table more 2,000 more this is real wood this is real wood and it's hand smooth and it's and it's hand done this is handmade Okay, okay okay okay okay, like factory It's handmade table real wood and it and it's to match this to 2,500 more

You're saying it with such conviction Mm-hmm This table? Yeah, this table. That's what I'm saying? What? Six thousand? Less than that.

It was about $5,500. For a dining table. Now, my mentality of it was that this is like the best quality wood that's handmade. And this is something that will last decades. Like this is not meant to be a table. You buy like, you know, you get and then you toss it out after a while. Like you keep this table for a very long time. This is like multi-decade.

I figured like you get nice furniture once. And then you never need to replace the furniture ever again. But it's the same table. Honestly, like, at its core, it's like I would be just fine with it. I'm not kidding. I never said anything, but the first time I saw and touched this table, very nice. I could tell it was a nice table, but I didn't know it was real. Everything, real and hand done.

This whole, I mean, it looks beautiful. Yeah. And now maybe you could even use it as a write-off. Yeah. I mean, this is something where someone actually came into the, measurements and then measured it precisely to the space. And they made it themselves. Down to the inch.

Handmade. This was all hand done. This is like a really good fabric. That's meant to withstand like stains and everything like that. So it's all, it's really nice. But it's not something where I would, I personally would feel better having spent like $1,500 for like a nice table and get 90% the same thing.

And spent so much more for the same thing. and spend so much more for that extra 10%. Yeah. This is a 10 at a 10 table, though. Yeah. It's a beautiful table. Yeah. Thanks.

I personally, I don't think I have anything, really. Like, a lot of my clothes, I guess it would be closed because I have clothes that are of decent quality. But honestly, a lot of it was just hammy downs because I have an older brother and, like, older family friends, and they would just give it to my brother and then to me growing up. So it's like, decent.

It's like $20 shirts. Right. But if I were buying my own clothing, I would buy like $3 shirts. I would go to thrift stores in H&M. Makes sense. I just don't really care enough. Yeah, makes sense. Yeah.

Do you think you're going to stick with your current habits for the rest of your life? Probably. Really? You don't think that there's ever going to be a time realistically that you're going to start splurging a little bit? No. This age, I mean, I've got my entire life without doing that. Even if you started making $10 million a year, you wouldn't really be spending much more? Within reason.

When do you enjoy your money, though? All the time. Going out last night. Yeah. Yeah. I treated Jack and Macy for dinner. It was really good. There you go.

Yeah. Thank you very much, Graham. Welcome. We got ramen. You're welcome. We got ramen and good sushi. But, yeah, stuff like that. You know, that's fine.

That's me enjoying my money. Me too. Yeah. Yeah, you're enjoying my money too. I saw a comment on one of your videos that said, that asked what your opinions on a pre-up were. And I assumed what they were, but I want to hear what they are from you. Yeah. I think it makes sense.

I think you're basically in a marriage bringing a business contract into it. And you wouldn't start a business without having a contract first, especially with two people who are involved emotionally. And I think combining business with emotion is not generally a good idea. And it's like having insurance is the way I kind of think about it. You have car insurance, never expecting to be in an accident. But if something happens, you have insurance. and I think a prenuptial agreement will at the very least set the expectations

when things are good that if something is to happen and nobody wants anything to happen but if something does what are the expectations going forward from that and I think it just protects everybody and it just clears up any confusion because otherwise

what happens is you leave it up to the state to decide and I think it's a lot more powerful to leave that decision to two people to come together and have an agreement than it is to leave it to change and leave it to the state. I think you can never be too careful. Right.

So I think it's always smart to err on the side of caution. And I totally, yeah, I agree with that. I think it should be, I mean, I personally am going to do it. And I think that it's a wise decision for everyone to make is to get a pre-up. Yeah, I think so too. And again, you never go in. And some people are saying, well, you go in with the expectation. You know, you just, you don't even want to think.

But it's like you never go into the expectation ever. I'm sure most people that get married never go in with the expectation that, like, something could have. want that to happen. And I'm certainly one of those people like, like, you know, whenever I get married, I want that to be forever. I mean, I really don't, I would, I would hate to have to go through something like that. So it's just as a precaution, but you never intend to use it. So there's a lot of analogies you could use like that, but it's just, yeah. I agree with you. I think that, you know, when you mix something that's like business, which is a very rational thing, it's very like,

it's one total, like way of thinking, right? Like, logical and rational. And you make something that's, that's like, relationship. which is purely emotional and technically emotional is the exact opposite of rational. You know? So mixing those two can be a very dangerous situation. I just distinguish them. I really don't see any downside. We'll put it that way.

I don't think there's any negative to doing that. Yeah. I guess we could, I mean, if we, I have two Gmail questions, we can go over. Go for it. Yeah. Hey, Graham. It's no, I'm out soon again. I know you own several rental properties and I'm pretty sure they're all in California.

Would you ever consider any. rental properties out of state, and if so, what are some that you're looking at? Yeah, I definitely would. I just don't know the properties as well out of state. The only area I was looking in was Phoenix. It just seems like a really good area. I like Arizona in general. It's kind of close to California.

Good property values, good rental values. It seems like a good mix of everything. So I would consider it at the right time. Maybe not right now. Maybe right now. But Phoenix. Nashville also looks pretty cool. but I've never been to Nashville, just from what I've seen online.

Hey, Graham and Jack. My name's Oliver from Toronto. I was wondering what you think the future of college education will be like. A lot of universities have moved online, and I've been seeing a lot of people asking for tuition cuts or deciding that if classes aren't in person, they won't bother going. Let me know your thoughts. I think this is a good catalyst for people not to go to college.

First of all, two things. One, for the cost of college to go down. if they could teach class online, why don't they just have a pre-recorded class that anyone can take at any time? Someone could log in at any age and basically be like, okay, at 12 p.m.,

I'm going to watch this lecture that was given last year. And people do the same thing as Tai Lopez was doing a few years ago. Just record something once, give it to a whole bunch of people who need it, charge a flat fee, and then give a quiz at the very end that there's an actual person going and grading it. Then have that person available maybe for discussion over Zoom or something like that.

And then had that person available for like email or chat exchanges or whatever. I don't know if it's going to be the same. It's not going to be the same experience, I think, is going in person. I think there's something to be said about meeting in person that cannot be replaced at all with Zoom calls. I think it would be a really smart thing to have it online because then everybody will be able to go their own pace. and I feel like it's very similar to the whole analogy of like the sleigh is only going to go as fast as the slowest husky or whatever, dragging the sleigh. It's because if you're in class, the speed of the class is going to go at the speed of the slowest person. You know what I mean?

Like the people that are learning this stuff extremely quickly, they're going to be slowed down by the people around them. So if you could go your own speed and everything can be online, that would be great. But I've been noticing on the UCSB or the my college's Reddit page, I noticed that a lot of people are saying like they're considering dropping out of school because of the whole kind of I get it yeah it thinking about dropping out of school no no I'm not thinking about it I'm just saying a lot of people are saying that I know on the record here's here's where it's interesting let's say the Ivy League schools like Harvard and Yale start having posting their classes up online like that who's to say that's someone else can't just go and take their classes online let's say

they're pre-recorded you know to reach 100 people they could easily reach 100,000 people, 50,000 people. Then we're like tuition. Right, but then where would the benefit be? Who's to say, let's say I have a course and I say only people who pass a test can take my course.

Who's to say, who could take a course and who can't? Colleges don't want you to think like this. The colleges didn't want you to know about this. Yeah. It's really, it's so stupid. I think people are finally catching on to colleges, I think a waste of time.

overpriced. So one, I think this is going to help bring the cost of college down. Colleges don't need these... It's the same cost. They don't, yeah, exactly. Even though it's online, my fall quarter is the exact same price as the previous quarters I've done. And I'm still paying fees for stuff like recreational fees for like a rec center. That's not even open. Yeah.

I mean, I would say the only benefit to college is to meet like-minded people. Who, by the way, you might not meet. Like-minded people might be just going and parting at some frat-house. I mean, it might be that. But I think the only benefit is the social experiments. Social experience. I watch so many YouTube videos, social experiments. That social experience, I think, is the only benefit to going to college.

And it can be a good segue in between living with your parents and trying to be an adult. I mean, that's the only benefit. But you're paying an extraordinary amount of money for that experience that you could get on your... Like, imagine paying $40,000 a year for a school, or $30,000. For that, you could have your own little apartment with two or three people and just be an adult and make money. Be an adult. Just be an adult. Just be an adult.

Just drop out and just grow up. Don't act stupid. Don't act stupid. Be an adult. Grow up. Get a job. You're done. Be a real person.

Seriously. Just be an actual living person. Be a human being. Yeah. Don't go to school. Stop acting stupid. Yeah. Guys.

Duh. Be smart and don't go to college. Yeah. Be smart and drop out. It's just, it's ridiculous. I think the cost of college will need to go down. If they offer it online, then there goes their whole business model. Their business model was not adapted to go online where anybody could log in at any time and take a class.

I don't know if colleges are going to change, but I think people are realizing how ridiculous it is, at least in this time right now. All the courses being online, pre-recorded lectures, you know, people are realizing it's essentially the same exact thing. Oh, yeah. And it's costing the same amount as in-class, and we can do it at home and remotely an hour-in-speed. Yeah. I've said it before. I took a while ago that Ty Lopez online thing. And I went through it.

And I really believe that, like, that was better information than most people would learn in school. And I think it was, I forget how much it was. I think it was like a monthly thing or something like that. But it was good for the cost. A lot of people give them crap for that. But I honestly think for the cost, if someone's going to spend $500, they're going to a better education from that than college. All things considered.

I don't, honestly, I don't necessarily disagree with that. No one does. All right. Harvard does. All right. So with that said, you guys, thank you so much for watching. Thank you, Road for this awesome equipment. Thanks, Rod.

Sounds amazing. Yeah. Graham? Yeah. Make sure to get your two free stocks down below in the description. Weble is going to be giving you two free stocks. When you deposit $100, with one of the stocks valued all the way to $1,400. So if you want you two free stocks, use that link down below.

The mentorship group is also down below. Like I said, $30 off for the first 10 people. So I'll put that link down below in the description. What else is there? Hit the like button. Smash the like button. Smash it, destroy it. Smash the subscribe button.

Like button. Vote for Graham. We're done. Cool. Thanks, guys. Really appreciate it. And until next week. Until next time.

So yeah. Nice. There we go. I'll put this here. And, uh, cool. Ha! Wala.