The Iced Coffee Hour - Meet The Multi-Millionaire Gas Station Employee | Investing $0 to $10,000

Episode Date: July 28, 2021

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Well, holy smoke is this ain't no joke as welcome in. It's the iced coffee hour. And yeah, I made it over. I am a neighbor next door and I made it over. I walked over and I said, hey, let's do a podcast. They said, hey, let's do a podcast. And these guys, they have an awesome channel. And I'm here to talk about whatever these gentlemen want to talk about stocks, the market, finances, whatever you guys want to talk about. I guess we can talk about it. What's going on, guys? We want to talk about everything stock market related. Okay. So we want to know what beginners could do to invest in the stock market. if they have nothing, how they could get their first $10,000, how they could then make $100 a day in the stock market. We want to know the top five stocks that you're buying this year and how your investing strategy has changed. Okay. So we got a lot to cover today.

That ain't no jocust. That's a holy smoke. Wow, we got a lot to get into gentlemen. Oh my gosh. Where do we even start? Well, first of all, it's cool to be your neighbor down. Yes, officially. It's a first podcast since we've been neighbors, man.

And it's awesome. We have no neighbors. You're my only neighbor. So, yeah, all the other houses are getting built right now. But, yeah, that house was, you know, 14 plus months in the making. So to finally move in there is like, I don't want to call it a dream come true, but it is nice. So, and that's the first, I don't want to say it's a first house, probably the second house, at least the first house in Nevada that I really wanted.

Like, everywhere else I've lived, it's kind of been like, you know, let's try to go way under budget. Let's try to live as affordable as possible. To that house, I definitely didn't go over budget, but I did, I balled out a little bit, okay? Just a little bit with the upgrades and those sorts of things. So, man, I love it. And this community's great. You got the gym close. Jack and I go get jacked all the time now.

We're going to, might do sprints after this podcast is over. You never know. So this is awesome. It is really fun to be able to text you and be like, hey, you want to do the gym in 15 minutes? I'll see you there. And it's like a 50 foot walk down to the gym community center. It's been a lot of fun. Yeah, yeah, last night, text you, hey, you want to go grab dinner?

You're like, oh, you know, let me see. Oh, yeah, let's go. And, yeah, that's the type of stuff that if you live on the other side of town, you know, with a friend, you can't do it. You know, you got to have it planned out. But this, it's like you could do something last minute. So it's been awesome. Love it.

And, yeah. So we got to talk about your stock market escapades. Now, where did this all start? Because I don't think a lot of people know your true backstory, working at a, as a, a gas station attendant. Yeah. Attendant. That's a, that's a term there.

Attendant. It sounds like I'm the guy that like pumps it. If I think, I think there's still some states where you can't legally pump it. That's true. Oregon.

Yeah. What? Oregon. Are you serious? Yeah. Oregon. Wow. There's a fancy gas station

in Beverly Hills where they have the service for it. It's, the gas is like a dollar extra a gallon. That's a luxury. But you go to Oregon and it's just like assumed someone's going to pump your gas for you.

Do you tip them or is it, I mean... I'm assuming that you do, that you do tip them, yeah. It's just to provide jobs. Like, that's the, they provided, they made legislation to like force, yeah. So you have to have people pumping your gas for jobs. Is that as service people? What? Yeah.

For me, no. I don't think so. I was about to say, like, I feel, would feel uncomfortable. I would feel like this is something I'm capable of doing myself and I should be able to... They're probably better at it than you are. are. Yes. So if they can do it better than you, sure. From a, from a quick Google search, people in Oregon do not tip. Oh, okay. So it's not customary to tip. Okay. Well, well, if it's free and you don't pay more for gas, where does the money come from?

Listen, I didn't research that far. I just saw that the locals do not tip. Yeah, because Oregon doesn't have sales tax. That is their big thing. That's their schick. No sales tax. You buy something. What you pay is what you pay. I'm curious where the money's coming from.

Oregon, don't they also have no state income tax? No. Oh, it's not Oregon. Okay. I don't know why I was thinking Oregon was one of the seven states. Gosh, imagine I would be in Oregon. I would be in Portland right now if there's no sales tax and no state income tax. Jeez, everyone would move to Portland.

Oh, my goodness. But anyway, it's a great city anyway. Yeah. Back to the whole story there. So in terms of me getting the stock market, it actually happened before I got to a gas station, a quick trip.

That actually happened back when I worked at Walgreens making, shoot, I don't know, I think I started there at $8.75 an hour in the photo department at Walgreens. And essentially that Walgreens had a plan where essentially you could buy shares of Walgreens stock for, I think it was either a 10% or a 15% market discount. So, you know, if the stock was trading at, let's say, $20 a share, you could buy it for, I don't know, $18, $19 a share or whatever. And so I was like, well, that seems like a no-brainer.

You just had, the only catch was you had to hold it for at least three months. And so I was like, okay, let me start doing that. So I started doing that. That's how I set up a fidelity account. And then I had an accounting teacher, actually, a community college who showed me the most powerful thing in my life as far as financially, which is a compounding calculator. Oh, I love that. Yes, and he would show us, you know, if you had this amount of money and you got this percentage

return. And, you know, if you've never seen that before, that is like the most mind-blowing thing, at least for me, seeing that, right? And so right away, I was like, okay, investing. I kind of started doing the Walgreens thing. And then I was like, well, I can look into other stocks. And I was like, this is all available information on the internet. And then I just started going down the rabbit hole, started watching Warren Buffett things, learning all that. And next thing you no, I was starting to invest money. And it was like $250, 500 bucks a time. Back then, it was $19.95 to buy a stock.

To execute any trade? Yes. To buy or sell. You don't realize how good you have it now. Oh, man. Thank you, Robin Hood. I used to use Scott Trade back. Someone bought them.

I forget who it was. But it used to be Scott Trade. I think back then it was, and this is like mid-2000s, but I think they were like $7. 95 cents or it was like 7 to 10 box per trade if you wanted to buy anything or sell anything yeah fidelity was 1995 when I first got started and then very shortly after they switched to 995 because I think they were getting competitive pressure one time I made a huge mistake and I phoned in a trade I didn't know how much it was $39 and 95 cents and we're talking I was buying like $400 worth of a

stock so now I need to get a 10% return roughly just more than 10 yeah yeah yeah then just to cover the trade to buy. And then imagine if I was to sell another $19.95 if I did online or $39.95. But anyways, that's a long story. So I stayed with it because at the end of the day I looked at it and I was like, I think I can get a positive return. Then they lowered in $9.95. I got even more into investing. So I'm like, oh, now it's only $10 to buy a stock.

I'm like, this is great. And I would save up between $500 and $1,000 at time. And I'd go ahead and make that move. So the way I thought about it is I save $1,000 to invest, you know, which would some sometimes take me a month, if not several months back then to do that, right? The way I kind of thought about it was, all right, invest a thousand is a $10 trade commission, so that's like 1%. Right. And then, so basically in my mind, I'm like, I got to get at least 2% on this position to cover the trades. And then I just started building from there. At first, it was the most boring stocks. I bought

stocks like Canagra Foods, Walmart. Like, I bought BP after the oil disaster. The stock just got hammered. I was looking at the balance sheet at that time and I was like, I don't think they're going to go bankrupt. There's some people pricing it for bankruptcy. They made it through. I made a little money on that. And then I just started building from there when I got the job at Quick Trip. That's when I really started rolling. So that was that was a game changer because then I was making, they started me out about 40K, moved up really quick to a high bonusing store, one of the best bonusing stores in Arizona, started making over 50K. And, and then my apartment, was probably $725 or $750 a month rent.

And I used to keep all my other expenses super low. I used to shut the air conditioning off if I was gone at work and like do anything, eat ramen noodles. And just like I used to eat those pork and beans. You guys, you can get those back then you'd get them for like 88 cents at Walmart. And then you throw a piece of ham or two in it, throw it in the microwave. That would be a meal less than a dollar. So I try to keep all my meals less than $2. for sure, but ideally less than a dollar.

And man, I was just investing. I was investing beast and invest in like $1,000. No, at that time, you know, when I started getting to a place where I could invest like $2,000 a month, it was crazy. That's a decent amount of money, though, $2,000 a month. So what were you making to invest $2,000 a month back then? That's when I got up to $35.

That's when I, what was I making as terms of my job? Yeah. So that's when I got bumped up to making, about $4,000 to $5,000 a month for my job. And then you get the taxes taken out of that, you know, a quick trip. They used to help a lot with health insurance. So you got the health insurance,

you had some of the cost. I used to always keep my expense super low as far as my cars went, things like that. So, yeah, I was able to start investing like $2,000 a month back then, which, yeah, it felt like a lot of money. There's no doubt about it. And that's how we really started to snow.

snowball rolling in 2010. And then I also simultaneously taken my investing game up to another level and I found some really good stocks back then. So what did you find? You know what I realized, Alex? That you're wearing two different kinds of socks? Yes, but you know what else? Oh, what? We could just sponsor ourselves in this video. How about that? You know what? That sounds great. I always like my own posts anyway. Me too. And for a limited time, if you want access to the YouTube Creator Academy, where I go over exactly what you need to do, step up. by step to start a YouTube channel and turn it into a business, I will give you $200 off when you use the coupon code, $200 off. The link is down below in the description. This is everything that I have learned

about how to grow a YouTube channel, what makes a successful title and thumbnail, everything you need to do along the way. It's all down below in the description, and it's $200 off. $200 off. $200 off. You know what? I'm going to take you up on that deal because I have this to family to run. Wow, there we go. Well, thank you guys so much for watching. Enjoy the discount. And with that said, let's get back to the video. Tattooed chef. No, yeah, that's now. Go pro.

Yeah. Oh, gosh. So there was a stock I found named Trinity Industries. And this is when I started piecing things together as far as trends that were multi-year trends that were going to play out in industries where I saw a tremendous opportunity. So Trinity Industries was this company, super boring company. They had a construction side of their business. selling like safety cones and like the stuff that's like on the side of the highway that if you like hit it it kind of like crumples you know those sorts of things but they also have this side of their business of selling real cars and there's real car business there's hardly any companies that sell real cars it's such a random thing you need to get all these industry standards is maybe two or three companies in the whole united states that probably are sold big volumes of rail cars right specifically oil and gas rail cars. Well, I was looking and at that time in North Dakota, fracking was starting to take off

huge. And you were starting to hear stories about people were moving to North Dakota making like 120,000, 150,000, like basically just fracking oil. And so I was like, well, there's no pipelines to like transport this. So the only way you could transport it is through rail cars. So I looked at this and I was looking at the stock and it was trading very darn cheap. And I'm like, they're about to see a massive multi-year boom in their business, in my opinion. Sure enough, that's exactly what played out. And Trinity Industries went on a crazy run. And that was one of the first, if not the first stock that really gave me a lot of confidence that I'm like, I can do this. Like, I can do this. Before that, it was kind of like, this is something I could be decent at. That was the stock that

took me and I was like, I can be really good at this. And I gave me the confidence. And then after that it was a lot more stocks, including Cabela's and some others. But the Trinity Industries, that was huge for my confidence. That was a really good time to invest, though. Yeah. To start in like 2008, 9, that was like, you missed the entire run up, started going down and that's when you started investing. So everything after that was was gravy for the most part. Yeah. I just wish I had more money back then. The problem was, you know, 2008, 2009, you know, I'm investing 500 bucks a time or 250 bucks, whatever. You know, 2010, I finally started getting going, but that wasn't until like the end of 2010.

So that huge initial ramp up, I had like hardly any money in the market. So I really wasn't able to capitalize. But from your standpoint, what if I had got in in 2006? Maybe that would have killed my confidence right off the bat, seeing the market dip. I don't know. You know, you can't ever go back in time like that. But, yeah, it was certainly, you know, it was an interesting time to get involved in the market because, you know, a lot of people were scared. And I looked at it and I'm like, I'm just getting involved in this thing, man.

Like, you know, I didn't have much fear as far as that went. But I also didn't start out like super confident. Like, oh, I'm going to be such a great stock picker. That happened over time. I needed to see the results. And that's mostly how I am in life. So you built up the portfolio. Your number is $200,000 at 25 years old.

Yeah. And then once you were 25 years old, is that when you quit, quick trip? No, I had 200K before I was 25. So I quit quick trip at 24. And, you know, it was a tough decision. So I was really burnt out of quick trip. I'll be completely honest, you know. It was a grind man, up at 4 a.m. almost every day.

And just putting in the hours, you know, you're working 48 hours a week, sometimes 50 hours a week on manager schedule. You know, waking up at 4 a.m. You get off pretty early. You get off at like 2, 3. but you're on your feet all day. There's no breaks at QuickTrip. There's no, you know, let's go sit in the back for 30 minutes and chill out. Aren't legally you're supposed to have a lunch and two breaks?

Or do they, is it just, you know? Well, yeah, I'm not going to throw my old company under the bus, man. They gave too much to me for me to ever throw them under the bus, but I don't know. You'd have to look into that situation. But essentially, yeah, there were no, there were no breaks. There were no official breaks. There was no like, oh, you get, you know, go clock out now and take your lunch or take your 15.

At Walgreens, yeah, it was super professional like that in terms of like, you know, you got your 15, then you got your 30. And people were super demanding of it too. Quick trip, you might work 10 hours straight. You're on your feet your whole time and you might never get a chance. If you're going to even dream it eating, you better eat that hot dog fast. That's all I'm going to say about that. I hated the 15, 30 minute breaks when I was doing that data entry job. they made you take the 15 minute break in the morning,

15 minute break in the afternoon, and I think it was a 30 to 45 minute lunch. I hated it because I didn't want to have lunch. I didn't want to take a break. I was just like, I'm just getting going. And now I have to take a stupid, and I literally sit there and just twiddle my thumbs for 15 minutes, being like, can I just finish what I was working on?

Yeah. And I remember we had Roxanne. I did not like Roxanne. She was the back office manager. And I would tell her these complaints. Like, can I, oh, what I wanted to do is just take my break a little bit later and then push my lunch later. Like, I wanted my lunch to be as close to the end of the day as possible. No, no, no, you can't do that.

You have to take your lunch between these hours. It made no sense to me. And then I brought up the argument, what if I just work straight and I just get off an hour and a half early? No, we can't do that. We have to comply with you. It's stupid. it. It's because I'd just rather work and just get it done and then leave.

Yeah. Leave an hour and a half or a leave. Then I missed the traffic driving home. But never understood the need for a break. I don't know. Just take a break when you're hungry. Yeah. For as long as you need to and then just come back and finish it.

That's what it was like for me working in a restaurant before I worked for you. There was no mandatory breaks. Even if you were working like an eight and a half hour shift or whatever, you just take a break whenever you get hungry or when whenever you get tired from walking everywhere. And you take like 15, get a sandwich, get back to work. So they should be. They should really go over the entire structure of the 9 to 5. I really think they should stagger it.

Get rid of the 9 to 5 completely. And just have different shifts. Like you want to be shift A, B, or C. And maybe shift A starts at like 5 a.m. For the people who just want to finish early, shift B starts at like 8. Shift C starts at like 11. You need to have people in the office at the same time. Well, nine to fives are typically those jobs where like you're going to have a manager.

You're going to have like people above you. It's going to be a little corporate structure. And they need to oversee all the work that you're doing. Yeah, I'm just thinking from traffic. Yeah. Because if we spread out the times where people start and leave, there wouldn't be so much rush hour traffic. That's a real L.A. comment right there. I know.

Yeah. Oh, gosh. Anyway, yeah. Yeah. So anyways, yeah, quick trip. It was a grind. You know, I remember even as early as, you know, 2011. So I didn't even working for the company that long.

I remember just like having this fantasy. I'd be driving to 99th Camelback Quick Trip I was working at. I had this fantasy. There was this pretty decent, nightly nice, just like two-story office. It was kind of almost across from the Quick Trip. And I remember driving by that. And I had this fantasy in my head. I was like, how nice would it be to just like wake up in my apartment when I want,

go to that office and have a little office, like executive office in that building. and just like invest in stocks all day. And this was like a fantasy that I just like thought about every day. And I was like, man, that would just be the life, man. That would just be so good. Like I could only imagine how happy I would be doing that. And so nowadays that I kind of live life my own terms, you know, you start taking it for granted.

Like working from home, being able to like, like if I didn't want to record a YouTube video, I don't have to. Like just I go play with my kids at the park. And sometimes I remember back to those days a decade ago. And I'm like, dang, man, like, it was just a dream. You know what I mean? To, like, live life when you want to not have to work when you have to work. Because a quick trip, it's like, you know, you got these hours. You better work those hours, right?

And so anyways, yeah. But 2014, I left the company. And I actually thought I could make it on stocks with only 200K, which is not conducive for my strategy. So my strategy is investing in stocks for years, right? Well, when you only have, let's say, 200K and you still need money to live, like you still got a rent, you still got, I had a kid coming, right, the firstborn, and so, you know, then you start putting short-term pressure on yourself.

And so for me, I started doing a lot of short-term trading. I got into margin super heavy because then I was like, well, I was getting like 30 to 40% consistently year after year. So then I was like, why not margin? I only have to pay six or eight percent or whatever. and next thing you know I'm making short-term trades, earnings trades. Some would go bad. I'd lose like 10,000.

And when you lose 10,000 in a day, you know, and you only got 200k to your name, you know, it was just, it went bad really, really fast. It was a good decision because I got out of that. I started businesses and I used some of the stock market money to start my first business, my real estate marketing business, which I started for probably less than $10,000. But I pulled that out of the stock market. And it was nice to be able to be able to. at least make that decision to not be stuck in that job. Because I do definitely feel like if you're in a

you're in the financial position where you don't have money, you, you're forced to keep doing this job even if you don't like it. And it was nice to be able to make that decision and be like, I'm going to branch out on my own, do my own thing. I don't know what it is, which I had no clue what I was going to do when I left Quick Trip. I had no clue. I knew I was going to for sure keep doing stocks, but I didn't know I was like, I'm going to probably do something entrepreneurial, but I don't know what it is. And then I moved out to Vegas and, yeah, I didn't even know what I was going to do.

So I took over a year off. I'm talking no work. Just stocks. And that was it. And one thing I want to mention that I don't mention too often in videos is that we do actually have a mentorship group down below in the description where you could meet with me every other week. And you can also talk to Jack every other week as well.

We do Zoom calls. We talk for about an hour, an hour and a half. You could ask me what, whatever questions you want. It's a really small group, so we have a lot of one-on-one time. So if that's something you're interested in joining, the link is down below in the description. Would that $200,000 go to after that year off? Because I'm sure you're a lot. I lost $75,000 that year. Wow. I was going to joke. It's like, yeah, went down to 80, but like, wow. Yeah, I was, I got, because I started pushing, putting so much short-term pressure on myself.

And so I was started, like, I started doing, I don't want to say day trading, but I was trying to get in and out of positions and time it out. And I had so much time on my hands, which I wasn't used to having time on my hands because working at Quick Trip, I worked like 48 hours a week. So the only stock market time I'd really put in is like researching companies and then actually executing a trade. But I was busy during the day, so I didn't have time just to sit around and look at stock prices. Then all of a sudden I have all this time doing nothing but looking at stock prices. I'm doing all the short-term crap. And yeah, man, it went bad so quickly. How did you last a year? Wouldn't you realized after like three months like hey this isn't working out i'm losing money at first it was going

good at first it was going that's always how it is yeah at first at first i um was reaching new records i remember i was in maui hai ha counties hit all-time high if i recall or right around that time my my wife actually won a trip from quick trip uh and it was all-inclusive paid trip paid everything to maui hawaii and um i remember being out there and my account were pretty much at an all-time high and then that summer the market turned and also you know like I said I was just getting so much short term crap man and I was just I was going against everything that made me as successful I was going against it and it's just yeah it went it went bad fast so it was a great learning thing I would tell you that you know it definitely taught me about risk reward uh you know going through going

through that time period. And it allowed me to recharge my batteries. That was a big thing because quick trip really took a lot of energy out of me, man. And I think that's why I've been able to run for so many years now without taking any substantial break. I don't even know if I've taken a full week off in the last five years. I mean, the longest trip I probably took was maybe four or five days. And even those days, I still kind of work.

And I still feel like I have as much energy as always. But anyhow, I think we got way off the point there. It's probably because you drink bankroll coffee now for sale at bankroll coffee.com. I don't know if To the Moon Coffee sold out or not. I have to check. If To the Moon Coffee is available, it's going to sell out. 100%. We only made a certain number of bags.

It's going to sell out, but it's double the caffeine. This is nice. That's Hotal Coffee. To the Moon Coffee was to celebrate Moon Day, and we wanted to make sure we sell them all. So I don't have any to the moon, but yeah. Beautiful. I need to see some of those bags.

That sounds amazing. How did you make your money back? Oh, man, it was a grind. I think it took me, I want to say it took me about two years to get back to where I was. And that brought me to a great lesson. I try to preach to everybody now. It's not just about, you know, the reward potential. But when you take that step back, you have to climb just to get back.

It took me about two years. and yeah man it was it was a grind it was um just investing in trying to build out the portfolio as solid as possible after that and getting back to at least long-term investments now i still had one bad investment during that time which was go pro which was 2016 2017 but i had win resorts and some other stocks that did really really well but it was about getting back to the fundamentals and you know staying away from earnings trades and all that stuff because I got to a point in the stock market where I started being able to predict, and I can essentially predict a lot better than analysts can on certain stocks,

like what a company is going to do revenue-wise and EPS-wise and substantially better. But the problem is that doesn't mean that stock's going to go up. So back to the whole situation, I was like, well, I'm right a lot more than these analysts are right. So I think this company's going to beat, beat, beat, let me invest in it, but then the stock would go down because of maybe guidance. maybe the CEO said one thing that rubbed investors the wrong way. Like, you never know. It was always something. And so staying away from all that stuff, man, and just getting back to the fundamentals.

And I mean, if you follow me any time in the past years, I'm always talking about stocks from a multi-year perspective. And if I'm ever thinking about a short-term perspective, it always ends badly for me. And so that's why when you hear me talk, I'm like, well, this company, I think they're going to do this over the next three to five years. They're going to expand their business revenues, blah, blah, blah. So, yeah. So you then started the real estate marketing business and how much were you making? How long did you that and how much were you making from that? Did the real estate marketing business for about two years.

And gosh, I never made a ton of money from that business. I made enough to pay bills and keep investing. By the time I started building that up, it was 2016, I started it. And that was, let's see, it took me about six months just to cover. our bills. So I think our bills were about, I want to say about 2,500 a month at that time. We were living in a three-bedroom apartment.

I only had one kid. I think I might have owned the car. We had the Nissan Versaic outright, but I can't 100% remember. So it took me about six months to get to a point where we were making more than 2,500 a month. And then we kept building it from there. 2017 YouTube started to pick up,

plus the real estate marketing business was now popping because in that business, it's all about getting consistent clients. So getting your foot in the door because then, you know, real estate agents keep bringing you more and more properties. And then, oh, I need drone photos for this. I need, you know, a video for this house, blah, blah, blah. So I probably never made more than 40K from the real estate marketing company,

but I only did it for two years. So, but by the end of 2017, I already knew, like, YouTube was going to be way too big for me not to focus full time on that. And so I actually gave up the real estate market. company in January 2018. And how much did you make from YouTube your first, like two, three years doing it? The first year? Probably less than $2,000.

That was 2016? 2016. Yep. And I made, I don't know, probably 200 videos that year. Yeah, 100, 200 videos to make probably less than $2,000. You'd be getting videos. They were like, two minutes long. They were like, yeah, 30 seconds.

What is a checking account? What is a savings account? Yeah, and I thought about, what is a CD? Yeah. I thought about quitting YouTube twice along the way, too, two different times I thought about quitting it. But anyways, and then 2017, I probably made, you know, probably as much from YouTube as a real estate marketing company,

if not more in 2017. Shoot, I think between the both of them, I might have made $70 or $80,000. So, yeah, it did really well. which was probably my second best income year I ever had. The best income year I ever had was, I think it was 2013 working at QuickTrip. I made like 50,000 or a little over 50,000 from QuickTrip,

and then I made like 39,000 from stocks, which, yeah, that's another point that gets me into 2014. That gave me confidence. I'm like, oh, I made almost as much from stocks, just stock sales. We're not even talking about ones I didn't cash out on, just stock sales as I made from QuickTrip. ooh, maybe I can keep this going.

But anyways, you know, I don't want to get up those points again. But, but yeah. So going in 2018, man, I knew, like, you know, if I kept spending time on the real estate marketing business, it was going to end up, like, putting me in a position where, you know, it's just like, where's your, where's your time best spent? And the real estate marketing business just, it wasn't, it wasn't scalable. I had to personally be there. I thought about hiring somebody, but it's not a big enough margin business, especially

considering I was undercut and everybody else's prices in the market. it. So, yeah. I even used to, I think I told Graham the story before, I used to drive out to L.A. to take photos for some agents out in L.A., Beverly Hills, super high-end homes. And I would weigh, the photography prices out there is ridiculous. And I would undercut them all. I would drive out there a day, you know, do a property or two, and then drive back to Vegas same day. Yeah. But it would be profitable for me because even though I was undercutting everything, everybody. I was still making a good sum of money. What were you charging? Because I remember, we used to pay, it depends on the size of the

house, but let's say for a $4,000 to $6,000 house, it was about, I think it was like $600. It was how much we would pay. But that also included, I think, a property website, if I'm correct. Okay. So included a website. So you go to like 90210,000, Beverly Hills Home.com or something like that. Yeah. So, yeah, I used Sundercut Badman. So if it was under a 2,000 square foothouse, $99. Oh, yeah. That's really... How do you make money?

What about gas money, man? Yeah. Because I'm thinking with gas, the time to edit those pictures. It cost me $150 to drive one way to California. Oh, yeah. Not for L.A. properties. For L.A., I would make like $500 to $600 on a trip for that. Because I would be doing some drone stuff, like drone pictures and stuff,

and maybe even in some drone videos I think I was doing for some. clients back then. But, yeah, as far as that Las Vegas, I was $99 for under a 2,000 square foot house. I was $129 for photos. And this is just if it's from a DSLR, right?

Not like drone photos, too. That was like an add-on I had. But $125 for 2,000 square feet to 3,000 square feet and anything over 3,000 square feet was $149. And I would give you 40, 50 photos. Wow. Yeah, so I definitely undercut the market, man.

But I was the worst. I took all the pictures with my iPhone. No. Yeah, no, I'm kidding. No, it's just like, like, you know, I'll just be honest. I was the worst. I was the worst of the bunch. Like, you know, some of these people are really good, man.

And I undercut in St. George, Utah, too. I would drive out to St. George, Utah, which is about two hours away. And if you don't have the quality, the only thing you have to compete on is price. So I was the Walmart. I'm going to give you good quality for cheap price. If you want great quality or you want top caliber, we'll go spend that money. And a lot of real estate agents are very cheap. So you were making $40,000 a year from your real estate, your marketing company.

And at the same time, you're making about $40,000 from YouTube channel the second year you were doing that. Then the third year is when you stopped doing real estate marketing and you went full, like all in on YouTube. Yeah. And how much did you make your third year on YouTube? Oh, third year on YouTube. Let's see. Boy, probably a quarter mill. Holy cow.

YouTube scales. Yeah, my first year on YouTube, $26,000. Second year, I think, I think it was like 253, 260, something like that. It was the third year? Yeah, that was 2018. Okay. Yeah, you made like 250, right? It was about 250, but yeah, 2017, because it started like late December of 16.

Full year, 2007, it's 26, you know. Yeah. Yeah, it's crazy, man. I remember I used to document the process back then, so on the channel. Because back then I was like, talk all things finance. Yeah. It wasn't just stocks back then. Didn't you post, wasn't it every day that you were posting?

Yeah, I was, I treated like it was a daily vlog essentially. And I would always have something to talk about. And yeah, it wasn't just stocks back then. And yeah, I used to do income updates. I made how I make $5,000 a month from YouTube or something like that. I would make those sorts of videos. Why don't you bring that back? Why don't you start doing that?

So I started getting a lot of hate as the numbers grew. And I think the last one I might ever did was maybe like $10,000. From YouTube. And yeah. And I don't know. It's just, you know, the stock market is a different community. And I think a lot of my subscribers are different. Some would support it, but a lot would hate.

And they would just not. like that I wasn't talking about stocks. They didn't want to hear about how much money I made and those sorts of things. So it's just a different bunch. I don't know. You know, I feel like your community is really, really supportive for that and some other communities. But, yeah, mine's such a stock market niche that a lot of them, it came across as

it may be like bragging and it was rubbing some folks a wrong way. And I was like, eh, that's all right. So, yeah. So you continue doing YouTube full time, I built out a few businesses. and then when did you achieve the status of being a millionaire? Wasn't it like 29, 28? Yeah, before I was 30, I became a millionaire. And I actually don't remember the day.

I feel like Graham and I talked about this one time because I'm having a little deja vu. But we, yeah, I hit the number. I think it was close between being 28 or 29. I don't remember specifically if it was like at the back half of 28 or the beginning of 20, 29, but yeah, I hit the number and, uh, you celebrated if I remember correctly. I didn't feel any different and I didn't celebrate a million.

Wait, oh, you celebrated 100,000. Yes. Yeah. Yeah. Yeah. I, I, I celebrated, uh, 10,000. I celebrated, I think 50,000 maybe even as far as stock market. And then I celebrate 100,000. And I, I actually don't remember celebrating a million dollars becoming an eight million.

We should celebrate your, your million dollars, man. I know. It's not too late. It's not too late. Yeah, I know. Geez. We could celebrate it's super sushi. Yeah, that would be cool.

That would be fun. Yeah. To Jeremy, millionaire for many, many years ago. Yeah, but, and yeah, I felt no different. Absolutely no different. It wasn't, I didn't feel a sense of accomplishment. And so I guess when they tell you, you know, if when you get rich, it's like you're not going to feel any different. Yeah, I didn't feel any different.

There was nothing. There was like the sun didn't shine different that next day. Let's put it that way. When my first son was born, the sunshine different than next day. It hit in a millionaire felt the exact same. Nothing changed. Did it feel the same for you, Graham? No.

No, it didn't. And how did you, like, the day that you achieved the status of billionaire, was it just like equity in a home or something like that? Yeah, it was mostly property appreciation. Yeah. And I think, like, because I would track it on mint, so it would just, the estimate would change day to day. but I think I closed a commission or something.

They kind of like pushed it over the edge. But it was mostly because of appreciating property values. That was like the bulk of it was just buying a property. Yeah, I think it was buying a property and there was some built in equity there. And I was able to fix it up and rent it out. And then accumulation of that, the value went up. Have you ever disclosed what the biggest commission check you ever got in real estate was? Oh, yeah.

Yeah, yeah. It was selling a house to. Orlando Bloom and his I think what did he pay for that seven seven or eight million dollars for that so he made like a hundred thousand more than that yeah whoa yeah that's crazy yeah I mean most people can't even fathom that because a hundred thousand plus from one deal from one deal yeah and that was a that was a cool one too because um the like obviously like I didn't have a connection to Orlando Bloom but it was from a referral from a client I met on Craigslist.

How? Yeah, the guy reached out to me. He was a, I don't want to throw out names here, but he was a, he was a talent agent. And I think he was working at, is either William Morris or CAA. I think it was William Morris. And he was living with their roommate,

and they split their rent together. They each threw in like $2,500 bucks, and they wanted to rent a house that was, you know, somewhat close by their office. And I represented them on that. And they were awesome to work with. Because they were like younger. They were on the younger side.

So I think I was probably like 21. And they were probably late 20s at the time, maybe early 30s. It was just fun to work with. And they were just so nice, like really respectful. And I think we sent like a two-year lease. And then after two years, they came back to me wanting to get an even nicer place. So I rented them. They went from paying like $5,000 a month.

Then they went up to like $85 or like $9,000 a month. A few years went by and then he says, my client wants to get a place. Didn't tell me who it was, by the way. And originally, the client was looking for lease. So he's like, my client wants to look for a lease anywhere from like $20,000 to like $50,000 a month. And I was like, yeah, absolutely. So I started showing him around and he didn't tell me who it was. And he's like, oh, yeah, you know, I think this house, something we'll bring him back to.

Turned out it was Orlando Bloom. But then once meeting Orlando and then talking to him, really turned out. that he wanted to buy something. And he just wanted to rent long enough to be able to find a place to buy. But the issue with working a lot of these leases, the clients don't really know. It's like, oh, you do sales too. They're like, oh, I just thought you were a leasing agent. I'm like, now that the whole point is, you know, I want to get sales.

So it turned out that Orlando was a good buyer. And he found a place in Beverly Hills. Wow. Yeah. Incredible. What a story. Yeah, that's amazing. I always remember watching

Million dollar listings, Los Angeles. I always loved that show. And yeah, seeing the commissions pop up on the screen, 47,000, 250,000. It's just like, you know, when you see those numbers, it's like from one sale and, you know, the fact that you did six-figure deal, like, that's crazy. You know, six figures that came to you.

Oh, yeah. And we bought the guy that referred us, Brightling, a watch as a gift, yeah. Whoa. Because that was big. And by the way, he asked for nothing. A lot of these deals, they'll ask like, hey, if I bring you this client, could you give me, you know, it's common.

And this was just, she was such a nice guy that he's like, I just want to make Orlando happy. That's it. I don't need anything back. But if you sell in a house, it'll make me look good. So that's all. So like,

is just a thank you. We got him brightly. I can't remember the exact. Yeah, I don't want to go too far off subject here because I know where this is, kind of more about me, but did you ever have something, like some sort of, you know, kind of like me, my thing with the real estate marketing business, how I, you know, was undercutting everybody price wise. Did you have some weird technique or something you did that you felt most agents weren't doing

that helped you become a successful in that market? Leases. That was it. It was just representing tenants when they found an apartment or a house. That was like, because no agents would want to do that. but my whole, yeah, my angle was that I would help you find a lease and then hopefully you would buy a house. And so I really learned that like if someone is spending anywhere from $4,000 to usually $15,000 a month for a lease, those people were the ones who ended up buying something within one to like three, four years afterwards.

The people spending under $4,000 a month never really, at least from my experience, never really had the funds to go and buy something. they were, they were just, they would perpetually rent, rent, rent. But after a few years of doing this, I noticed, wait a second. This price point, they buy something. So then I really honed in to just doing a whole bunch of leases within that price point. How do you attack that market though? Like, how do you, like, I don't get it.

Posting a lot of rentals up on Craigslist. So what I would do, originally what I would do is go to my office, I'd identify, and this is cold with banker. So there's like no shortage of agents. out there at Cole the banker. But I would identify. So this was before you were with Oppenheimer. Yes.

Okay. Yeah. I would identify other agents in the office who had rentals. I just offered to photograph their places for free. Did that in exchange for me being able to post it up on Craig's List. Oh. And they were ecstatic because they get free photography and they get more marketing. So it doesn't cost them a single dime.

And a lot of these places, I would just rent out. So, yeah. And you wouldn't make any direct money on the rental or would you make the, would. A little bit. Now, a lot of the commissions I'd make anywhere from a few hundred dollars to like a few thousand at the most. I mean, if I made like three, four grand on a league, like I was, that was a ton. So most of these agents would never do that because it's a lot of work. It's like, imagine selling a house, except you're renting and you get one 20th of the commission. Yeah. So no agents would bother with it. But for me, when I was like 1819, I would love it. Like, because it didn't matter to me. I just wanted to get the leases. But that

expanded. And then what I found cool was that I would always post like 10 to 20 leases up on Craigslist at any given point. So if you're looking for anything and like really from Santa Monica to West Hollywood, you would see one of my leases if you're looking between 5 and 15,000 a month. And landlords started calling me, hey, we see you have all the leases here. Like you're the leasing expert. Meanwhile, I'm a 22 year old. We see you're the leasing expert. You know, I have my house over here. Would you consider putting it up for lease? I'm like, absolutely. And so I started growing that business from just representing landlords. Now, the funny thing is a lot of those landlords, I don't think I had a situation where I represented a landlord that eventually sold.

So it didn't work the other way around, but it was great for meeting tenant. Like, tenants would buy something. Landlords would just perpetually be a landlord. Like, they had no intention of selling. So I never was able to get the reverse of that. But tenants would consistently want to move up. Did you learn the strategy from anybody or did you just come up with this? strategy by yourself. Yeah, when I first started, I was working in an office with this guy, Frank. Frank's not watching this,

but, uh, it's up Frank. It's up Frank. Frank was the one who gave me the idea for Craigslist. Okay. Uh, because he was posting some leases on Craigslist. So that sparked the idea that's like,

wait a minute, we should, we should post on Craigslist. Um, and also the guy was working with, uh, was coaching Frank. And together between the two of the,

of them, they've identified that like, hey, Craigslist is a good place to post up leases. But then I took it to like, like, imagine just like posting videos on YouTube. Just like on the surface, it's good to post videos on YouTube. But then I took it from the standpoint of like, how could I up these clicks? So I did the same thing like I'm doing on YouTube. It's really fun. But like Craigslist would show the thumbnail picture. So I'd pick one picture to be my thumbnail picture.

And then I would work on the titles. I realized that all caps titles do the best. and then I identified that long titles stand out because I would literally sit there and just scroll and be like what catches my attention and I'd stop and I'd be like why did that catch my attention and so when you look at not the gallery view but like the list view you see all the titles around the same

and you see one like really long that would be mine like the really long title and then I on the and no one was doing this for apartments but when you went to the for sale section you would see these people put like stars on either side like these weird like brackets and stuff so i would put those brackets on my listings on apartments no one else is doing that and i found this this is when craigslist did HTML they had a h like a tracker a link tracker that i signed up for that tracks how many people are clicking through on every single link so i made a custom link on

every single one of my postings per property and i had like 20 properties they had 20 links and i would figure out how different titles would affect the click-through rate. And then I basically I came identified that back then, this is like 10 years ago, the longest titles did the best, all caps with these big like bold black brackets on either end. And I would always call it like, you know, magnificent dream estate in Beverly Hills with pool or like, you know, I definitely try to like sell it up. And then in the description. And then once they click through, then I was like, how can I get their info? And then that was a totally different set of figuring out how to get them to call. Because I would notice sometimes that like, wait,

I'm getting a lot of clicks on something. Why aren't people calling or emailing? Funny enough, I realized that if I put call Graham Steffen with Cold Bowl Banker, people wouldn't call me. Because he'd be like, oh, he's a salesman. If I just put call Graham Steffin, well, it's that people just weren't into it. I think. found that people really liked call Graham. No last name. Just call Graham, phone number, email address. Oh, wow. People wouldn't call. They would email. But just

knowing that there's a phone number there for people to call if they need to, it makes them feel comfortable to email me. Wow. Yeah. And then I had the whole ad basically where it was just, and I figured it out, like, the best, the most optimized ad was just headline at the very top. Bedrooms, bathrooms, price,

brief description, all the pictures underneath and then below the pictures I just went crazy with keywords like one, two, three,

four, five. Every city in Los Angeles was listed there. Pool, hard wood, open floor, like anything you can think of. And that did really well.

And I was probably getting 20 to 50 maybe emails a day. A day. Yeah, it was crazy. So it got to a point

where I would actually stop posting on Craigslist. To catch up. Yeah, because I couldn't handle it all. So there was a point there where I'd only post on Craigslist when I needed business. It was that good. Yes. It was that good.

It was incredible. So, Jeremy, if you're starting over today, how would you build up a portfolio? Ooh, today. So the way I did it back in the day was value stocks first, because that's the easiest to really understand and figure out the valuations, too. So, I mean, today I would probably be more inclined to do growth stocks. But the issue is, I didn't have anybody to teach me. I had no mentor.

I had nobody to hold my hand and be like, this is the way you look at a growth stock or how to value YouTube back when I, you know, I was lucky if I could find some Warren Buffett clips. But he's not going in detail in those clips like, and Warren Buffett's not also really not a growth investor. He's a value investor. So I had really nobody to learn from. So it's hard. But nowadays, I feel like there's so much good information out there. I would have an idea of how to value growth stocks probably in the first year, maybe not to a super high level, but to a high enough level to where I'd feel comfortable.

Because I didn't really start touching growth stocks until I'd been in the market for several, several years. So I think if I started today, I really focus around kind of what I do, a combination of dividend stocks, value stocks, and growth stocks, and building out a portfolio over the course of the first year or two that's really centered around those stocks. which in my first years it was really just value. So, you know, let's say I had hypothetically $10,000.

I would probably focus on buying two growth stocks, probably two value stocks and then one dividend stock, something like that. And just trying to find the ones that are the best deals out there and things like that. How do you look for those stocks? Well, I mean, you can find in many ways. in terms of how do you hear about a stock or how do you get the thought process to look at in this stock?

How do you both hear about a stock and then know it's good to buy? Do you check out every stock that you hear about? No, there wouldn't be enough time in the day for that, especially nowadays with, you know, YouTube comments, stock hub, like the private Discord chat. There's no way. I'm trying to look for or I'm trying to hear about a stock that the business model, I hear something about the business model that's intriguing to me. That's the main thing I'm looking for.

I hear about a stock and the business model sounds somewhat intriguing. I'm like, let me at least start looking into that. So all might go to, I don't know, Yahoo Finance or whatever, and just look at the profile of the company. Oh, you know, it gives a kind of, you know, a paragraph of what the company does. And I can start doing a little work from there. Then kind of looking at some of the financials, income statement balance sheet. I can look at some of the valuation numbers around it, forward P, trailing 12 month P,

things like that. And I can start to get an understanding of like, do I really want to dive into this company or is it, I don't know. And so if it seems intriguing enough, if I do that 10, 15 minutes of research and it seems really, really intriguing still, then I'll dive into the 10Ks, the 10 Qs, which are reports that are available on companies' investor relations pages. Like if you want to look into Apple, you type in Apple investor relations, boom, you can get all information you could ever imagine in terms of Apple, right?

And I'll go down that rabbit hole, list of conference calls, and then relook at valuations, think about future growth rates, and kind of make judgments from there. But, I mean, nowadays, oh, my gosh, I get stocks fed from so many different places. I mean, I hate to give it a shout out in the video, but 75% plus of my stock picks come from my private stock group, and that's no lie.

I'm not just fabricating that. 75% plus of my stock picks come from in there, because these people have been trained under me, essentially, on what I look for in stocks. For some of these folks for years, have been following my content, and we have this, like, brain, the people that just look into stocks all day.

And then like, well, what do you guys think about this stock? I'm thinking about buying this and they'll post like a bullish case. And I'm like, nah, nah, nah, nah. Ooh, they got something here. Tattoo Chef. That came from the private stock group. Coursair gaming. It came from the private stock group.

Every single stock pretty much I can think of in the recent past year. Actually, the spark, the initial idea came from the private Discord chat. And then from there, essentially, I'll make my own judgments. I'll look into the company research. and stuff. And a lot of the stocks, they're just like, nah,

not interested, not a good stock. Or it's just not the stock for me. So it's kind of about sifting through that. It's almost like, you know,

you ever seen a guy on the beach and you must have, you know, as a kid or whatever, you know, a guy on the beach with a thing. Oh, yeah, the metal detector.

Yeah, metal detector. Yeah. That's how I feel like sometimes, you know, in the Discord chat, I'm like, you know, trying to sift through all this stuff and then like,

there's that one there. And I'm like, I just found the Rolex watch on the beach. Here we go, baby. Somebody dropped their Rolex. So somebody dropped their 24-karrant necklace. Here we go.

And so, yeah, that's what it's about. It's about sifting through and finding that real diamond and a rough or the needle in the haystack or whatever you want to call it. That would be fun to go with the metal detector down to Santa Monica Beach. Could you imagine? I would love to do that. Imagine you're like in some area and like some guys like, hey, that's my area. I do this every day in this area. I bet that exists.

I bet people have territories. Territories. Yeah. They just pull out a knife, be like, nope. Uh-uh. This is my beach. I'm always interested about people getting discouraged when they first start investing and then they lose money.

Like what, how likely is someone to stop investing for the rest of their life if they try once and then the market has a sell-off and then they lose money and they pull out? Yeah, that usually happens if somebody doesn't start with the right mentality from the go. And, yeah, they'll buy a stock and then, It goes down 10, 20 percent, and they're like, stock market's a scam, sell, take my $2,000 loss and get out of this thing, right? I think if you have the right mentality from the jump and you've been trained as a long-term investor and to understand these things over time will pay off if you've done the right research work and you know what you're looking for, I think if you've been trained the right way, you stay with it and you'll stick with it and you'll buy the dip, as they say, especially if it's a good company, like that's usually the best thing you can do, right? Let's say the market goes down 30% the next month.

Super unrealistic, but let's say it happens. It's the smartest thing you do. More than likely by the dip because I can almost guarantee the market's going to be massively higher in 10 years than it is today. So a lot of it comes down to being trained with the right mentality from the jump in understanding and, you know, learning from folks. You know, that's why I think it's so great on YouTube nowadays that we have this bunch to educate folks, you know, on financial matters. and why it doesn't make sense to panic sell out of stocks and a stock market crash and stuff like that because so many people were taught the wrong things like they think oh it's if you're in a recession sell your stocks no if you're in a recession that means the stock market likely already crashed you

need to buy every stock in sight because i highly doubt we're going to stay in that recession forever right um you know and so a lot of it comes down to having the right mentality long-term mindset and talking you know, we were talking about the real estate earlier, right? Graham had a long-term mindset. And so you had the right mindset to succeed there. If you were just thinking about landing the next Orlando Bloom deal, you wouldn't have gotten anywhere, right? You would have been out of the business. And I'm sure some realtors try that and then they don't make any business and they're like, this is a scam. I'm out of this. It's too hard. And same thing with stock market. Got to have that long-term mentality and avoid distractions. That's the biggest thing I would say.

so because yeah people people fall under those traps what would your advice be if somebody wants to make like a hundred bucks a day in the market what would you tell those people i would tell those people not to focus on the hundred dollars a day focus on what you're doing over the course of that year focus on what you're doing over the next three years five years um this whole let's make a hundred dollars a day 200 dollars a day whatever it is attractive it is no doubt no doubt when people hear that, they're very attracted by that, right? And so they're thinking like, oh, I can quit my job because I make $150 a day from my job. I can make $150 a day from the stock market, blah, blah, blah.

Usually extremely unrealistic. You're not usually going to do that. This year, I'll probably make, I don't know, maybe I'll make a half million dollars to a million dollars from stocks, from like stocks I sell, right? You know, I don't know what that equates to on a daily basis, but what I do know is I didn't get there by focusing on. focusing on how much I make per day. That's not the way this goes. You've got to focus over the long term. You can't focus on the $100, the $500 a day.

Don't get sucked into that. If you're going to end up going down the day trading route, that's what's going to end up happening. Because all of a sudden you're thinking, well, I've got to make money today. I'd make my hundred bucks today. Well, let me swing trade. Let me day trade. And also next thing you know, you're not even investing now.

You're just trading around stocks and you're getting more into gambling activities. you're not making business decisions. Whenever I make an investment of stock, I say I'm making a business decision. I'm thinking about that company over years. Kind of like you would think about buying a, or getting a, I don't know, a Chick-fil-A franchise or a McDonald's franchise, right?

You wouldn't be thinking about, oh, tomorrow I'm going to make this much from this Chick-fil-A or this McDonald's. No, you're thinking about, like, I'm going to make this over the coming years. The restaurant, if it does this sales volume, I may be able to sell it to somebody else for this. That's the way you're thinking, right?

And so, yeah, it's a different mentality. It's a longer-term outlook. It's longer-term focus. And, yeah, I wouldn't get caught up into the daily numbers. So it's fun. It makes it attractive thumbnail or title on YouTube, but, man, it's just not the way to go. What are some stocks that you like right now? Besides Tattoo Chef.

Yeah, besides the Chef, Coursair Gaming. I've been talking about that one a lot. Why aren't they going up? So with that one, I mean, it's trading ridiculous. I bought that to make $100 a day. Where is my $100 a day? I don't see it. Oh, man.

You might make $100K over time. But yeah, no, when it comes to Corsair, there's an Eagle Fund that's selling out private equity company. So that is, I think they're Eagle Fund there. They're called, so essentially that puts a big seller in the market. They made a lot of money on that investment. They want to put the money somewhere else. So it kind of puts an overhang seller in the market.

You don't know when they're done selling. You don't know when they're selling. You just know that they're a seller of market, right? On top of that, you got fear about world opening back up. Gamers and streamers, I don't know, aren't going to care about gaming and streaming. And to that, I say, have you ever met a gamer or streamer? Like, these people don't care if the world's open and they're gaming and streaming, man. It doesn't matter to them.

Like, come on. And so that's going on. But the great opportunity when it comes to stocks is the fact that usually you get months to buy into a position, sometimes even a year or two, depending upon the stock. 2020 messed up everybody's mentality because stocks went up so fast coming out for the crash, right? And so people think like that's normal. Like, oh, stocks go boom.

No, usually you get three, six, sometimes even nine to 12 months to really truly build out a position in something like a Corsair gaming or a tattoo chef or whatever stock it is before it starts going on a run, we call it, right? And that's usually normal. But what we got in such a hot market last year. that everybody thinks like, if the stock didn't make money this month, it sucks, it's a bad stock and it's like,

that's just not the way the stock market works. And you're kind of getting into short-term mentality. So, you know, I look for opportunity there. And I mean, there's some other stocks that are defensive values, know that we've talked about before, like the planet and some of those. But those are really long-term investments. Like those I'm thinking about many years out. Like if I'm thinking about the planet 13 is an investment,

I'm thinking about when they have 10 super stores. Right now they have two. But they're going to get to 10, in my opinion, within the next five years. So I'm thinking about, you know, years out. And so, yeah, those are some of the stocks coming to mine. When stock comes to mine. WBA stock comes to mine. WINS is very solid, in my opinion, value stock.

Travel coming back. WBA is a very solid dividend stock. So right there, I think I gave some gross stocks, some values, and some dividends. So, yeah. So how many stocks do you own? Probably about 20. if you added up all the different stocks in all my accounts, probably about 20. In the public account, I own 13.

I only know that because I counted them up today, literally. I own 13 accounts. That account has 1.6 mil, I think, in it. But if you add up all the stocks in different accounts, about 20 stocks. So, you know, when it comes to diversification, I don't like to over-diversify, but I don't like to under-diversify either. I feel like I'm appropriately priced for, for, what I have.

You know, the smaller amount of money, in my opinion, the less stocks somebody should have. The more money you have, the more stocks you should have. So, and I'm still in it to win it, so I'm not trying to just get in 500 stocks like S&P 500. What are some of the other businesses that you have? Let's talk about the app, by the way. Now is the time where we could finally talk about the elusive app, the hungry bowl. You could now download on the app store that we've been working on. Yes, the hungry bowl.

Very, very. Android or iOS, yeah. And yeah, so that's exciting. So, you know, we had the idea around starting a newsletter, an email newsletter. And we were talking about that idea and basically starting a business-focused newsletter that didn't have any biases, didn't come across as anything politically related. And really stuck to business-related subjects. Because what I found is a lot of business newsletters go way off subject. And they start talking about politics.

They start talking about more pop culture type things. And it's like, like, you know, let's talk about business. You know what I mean? Like if it's not in relation to like what's going on in the markets, stock market, real estate market, you know, business in general, like, you know, if I'm signed up to a business letter, I want business, right? And so that's where it started. And then we're like, well, what if we built out an app team, an in-house app team

and did this the right way. And so I was like, well, I could fund that. and we ended up doing it and then just kept adding on features like now you can track your stock so you can add your whole portfolio in there so you got five 10 20 stocks whatever you can track them all in there and then it was like what if we could listen to a conference call directly in the app so if you you want to listen to tattoo chef's conference call you type in tcf or if it's on your thing already saved you just type you know you hit it earnings call boom it plays for you right there you can rewind it 15 seconds you know fast forward and um let's

to have and go their investor relations page and go through all these different things and then try to find it. Sometimes that takes five minutes just to find a day in conference call and play it and you have to enter all your information. And so then we got to talking about what if you could set up an account and comment kind like you can on YouTube, right? What if you want to make comments on the newsletter? So we added that feature.

And then we have a foreign feature coming down the road and other features coming down the road. So it's exciting, man. It's very costly to start up a company from scratch like this in the software. Squarespace and in app development team and things like that. No doubt. Very costly. It is a big risk.

I'm hoping, you know, people love it and it's a big, it's a big success. But, uh, but, but yeah, it's been, it's been fun. But it is sometimes stressful because I'm, I'm looking at it and I'm plowing a ton of money into that. And we might never make money from it. You never really know. You know what I mean? Like, you never know how these things will work out when it's something you've

never done before. Yeah. But, um, I've learned a lot from it. And, uh, I'm really, I'm really proud of the initial product, and I know we're just going to continue to make it better and better over the future years. Yeah, so how about this?

Because I'm a part of it too. We'll put the link to it down below in the description. Download it and try it out. Let us know what you think, and we should probably set something up for, like, comments or, like, or suggestions. So try it out, and then send us your suggestions. So you'll be like, you'll be like,

our kind of helpers on this. We just launched a really exciting feature. So inside the newsletter part now. So if you click on a newsletter article, now there's a tab at the bottom, big green thing that says feedback. You click on that button, you could type in whatever you want. So, yeah, so if you have any feedback, suggestions, positive things, whatever. And if you really love the app, if you don't mind leaving us a review on Google Play Store or iOS, that would mean so much to us because we've been working on that thing for months.

Yeah. So, but yeah, I'm excited. We're just going to make that thing better and better over time. And, yeah, who knows where it is in a few years from now. So I really want to know how much money, you know, Jeremy's bringing in. Just like general. Wow. How much many you're bringing in it.

Technically, you've never really revealed how much money you make. Yeah. And net worth. Yeah. Never really revealed that. Yeah. You don't have to. Yeah.

Okay. Net worth between 10 and 20. I'm not going to tell you the specific number. Now, are we counting the YouTube channel and like the value of the app? Are we adding in? Oh, I'm adding zero for the app because that's worth nothing right now. I'm adding in almost nothing for YouTube channels. That would just be other stuff, including I have a lot in just stocks.

like a really large number just in stocks. I have several properties now. I have three properties. All of them have at least a quarter million in equity for those properties, at least, including a couple that have between 300 and 400. I have a single, you know, I have multiple positions alone in the stock market that are seven figures. So, you know, and then, you know, there's got to be something to like business and stuff like that. So yeah, I would say I make millions and my net worth is between 10 and 20.

And how much you have invested in a stock mark? Just in stocks. Can we? I can't disclose that either, but it's a, it's a really large number. So let's see this. It's bigger than you could. There's 1.6 mil in the public in the public account. Yes. The private account is substantially bigger than that because that is the account I've had literally since, you know, the beginning of time. Are you the only one who gets to see the private account? Yes, not a soul, including my own wife. No, she doesn't know.

My wife does not know what I have in the private account. Can I see it? Can I see it? No. No. No. No. No.

Why not? No one will ever see it. No. It's one of the very few things that I have as like a private matter. Does your wife want to know? No, she doesn't care. She's really, uh, my wife's probably one of the least. money interested individuals, I know.

And maybe that's why our relationship works pretty good. But, uh, but, uh, but yeah, she, she, no. What if your son comes up to you? Daddy, Daddy. How much, please. Why is it so secret? Why? It's fun.

It's fun. It has you guys intrigued. And drives us crazy. Yeah. I want to know. I want to know. What I'm thinking. Let me, let me ask you guys.

Wait, just to clear the confusion, is there a private account for your members only? and is there a private, private account? Yeah, so the public account is for the private stock group. So that's why I call it the public account. So the private stock group's gotten to see every single trade executed in the history of that account, Alex. The private account is literally completely private. Completely private. Sometimes I'll disclose a position.

Why? I just like it. What brokerage is it? Well, it's got to be fidelity because all of your accounts are fidelity. It might be. Now somebody has fidelity is going to go in there and hacking. and I've got to see this account. Let me ask you guys, how much in stocks do you think I have in the private account?

What would be your guess, the three of you? My guess would probably be six to eight. Six to eight, okay. Five. Alex. Graham's cheating because you can't give a range. But I'm going. Seven.

Then I'll say seven. Yeah, I'm going to actually go a little bit higher than Graham and say seven. Seven point eight. Wow. How about to say who's? Who's the closest from all of us? Who is the closest? Hmm.

Who's the closest? Oh, yeah, we could say who's the closest? Because that doesn't reveal it. It would be Graham. Graham would be the closest. Anyways, yeah, it's a pretty large number. But I'm broke now because I'm funding two startups simultaneously. One I can't talk about.

And obviously the hungry bowl. Can you say what your overhead is? Like your monthly overheads? My monthly overhead's disgusting. You hire everything, Jeremy. How many employees do you have? Hired. You have like 80 employees, don't you?

It's a large number of workers. Let's just call it that. So it's six figures every two weeks. Yeah, six figures every two weeks. It's quite a substantial number. So then can you answer the other part of Alex's question? How much are you making? Making, I actually don't know that number.

It's millions of dollars a year. last year last year let's see so last year I paid in almost a million dollars in taxes so you could run numbers backwards on that

on what I'm actually making 5 mil more mil yeah no it depends on what the expenses are we're talking net we're talking net then you'd be paying 40% in tax plus a few other like little thing I think between

different businesses stock sales everything that you could possibly count up probably four to five top line. So, yeah, but pre expenses or gross? No,

that's just revenue. That's just top line. Revenue. Got, got, yeah. Something around there. So,

but, but yeah, you know, at the end of the day, what I found is people, people matter. People's what's really going to grow you. And if you have really good people,

they're going to figure out ways to, to help you grow bigger and bigger when it comes to businesses. And, And, you know, it's about hiring the right people and, you know, folks that are going to do a great job, A players. But what I found is usually if you hire somebody and they're truly great, they're going to bring 3x, 4x more to the table than they take. So if you hire somebody to pay them, I don't know, let's say 100K a year, they're truly great. They're going to bring you 300 to 400 of true value to whatever you're trying to do. Now, so that's the way I look at it.

And whenever we think about business expenses, business costs, the last. thing I think about is people. I'll think about every service and we use in this software. Do we really need this? Every other expense before I think about people in cutting salaries. And I learned that at QuickTrip. Quick Trip paid probably double or triple what all other gas stations paid for this same workers. But people at QuickTrip, you know, they're just, there's a different bunch.

You're getting a different, you know, caliber of people. And they're going to bring you way more business than they take because they have great customer service skills and those sorts of things, right? So that's the way I think about it. And I appreciate everybody that's supported along the way because if it wasn't for that, we wouldn't be here. And I appreciate for the stock market because it certainly wouldn't be here

if it wasn't for the stock market, man. As for dang sure. So, but yeah, it's a big number, man, in terms of the expenses. You should review Jack's Robin Hood account. We should hear what this is as a iced coffee hour channel clips. I bet you bet you'd that. Iced coffee hour.

Clips Channel exclusive. So it's only going to be available on the link down below the description. We're trying to boost up the clips channel a little bit. So this is only going to be available there. Whoa, that's not really? I just love that you're a neighbor now because I'll like leave the house. And I'll see you like walking up the street with your shirt off. Oh, wow.

Oh, my shirt. Hello, neighbor. Oh, how's it going today? Jack, between this podcast and Fidia's podcast, it just sounds like you like to see guys with their shirt off. That's not... No, I'm just saying you had your shirt off that one time.

You remember vividly, don't you? Yeah, I just thought it was... I thought it was... I thought it was funny that he was walking on the street with his shirt off. What's funny about it? That he's... That it's a million-dollar neighborhood

and some guys walking up the street with his shirt off. Yeah, that's... You had your... Wait, did you have... You had it off, right? Anyways, I like the fact that you're a neighbor. Yeah.

And it's great, like, going out and just seeing you and it's... With my shirt. It's great when you take your shirt off. That's what I look forward to every day. All right. So Jeremy, thank you so much for coming on. Fourth time, all the way over. Yeah.

Thank you. It was a far walk through the desert sands of Las Vegas. And I appreciate it, guys. This was fun as always. Really appreciate it. With that said, guys, thank you so much for watching. I really appreciate it. Make sure to hit the like button, subscribe button.

Get the Ongry Bowl app down below in the description where you can also get your free stock. We'll link to your information down below as well. Thank you again for watching. Until next time. Well, hoie!