The Iced Coffee Hour - Revealing Our BEST Investment Strategies For 2022 | Financial Education Jeremy

Episode Date: February 8, 2022

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And I'm guessing you guys have made $33,33,33 from this podcast in its eternity. Is that accurate? No. It's about half that. It's actually almost exactly half that. Yeah, we made $165,700 from ad revenues so far. Wow. I really thought it was higher.

You guys have been doing this for a long time. And this is your fourth time coming on. Is it the fourth? I think it's the fourth. It could be fifth or six, honestly. There's been so many times. I know I went at least when you guys are in California, at least twice. And I know we've done at least twice out here.

So I'm thinking this is probably number five or maybe number six ever. It would have been funny had you introduced this to welcome back to another episode of Millennial Month. And I'd be like, oh, wait. Wrong thing. Wrong show. Wrong channel. I knew we didn't have it because we don't have the candles set up here. like we've had for millennial money lately.

It's true. I sayance. Oh, Seance. We need those for this market right now. Yeah. For those that don't know, you are a stock market investor. You have a YouTube channel with now almost 800,000 subscribers. Whoa, whoa, whoa.

Not just a YouTube channel, 710. It's multiple YouTube channels. Round it up. You have three YouTube channels. You talk about investing, growing your wealth, personal finance, and you're a member of millennial money. Yes. Yes.

So I'm happy to be here. And yeah, as far as me, I mostly focus on buying the dip in stocks, as you guys know. And that's what I preach on the channel all the time. We talk stocks all the time. It used to be a little more other finance, but now I just stock, stock, stocks every day. So that's what I enjoy. And right now we've got a fun time in the market. It's a lot of volatility.

Everybody's wondering, are we going for a crash, a recession, everything like that. So it's making for some good content. I'm having the most fun. Let me say this. I'm actually the most in the best place I've ever been when it comes to YouTube videos right now. I am feeling great. I'm so energized to make content right now. And believe it or not, last year at this time when the market was doing great, and you had everybody getting excited. That was a time period I actually didn't like for YouTube content. Right now, I'm like having

so much fun. Like I look forward to making two, three videos a day. It's a blast. It's just, there's a lot of drama, man. It's interesting. The higher your portfolio goes, the less motivation you have on YouTube and when it flips, then all of a sudden you're trying to have three videos. Let's go, baby. The worst your portfolio is the better you do on you too. I know. Well, last year, a lot of valuations got insane. And so that made it for, like, I stopped even buying a lot of stocks.

Like, in the stocks I was buying, late in 2020 and in 2021, the first part of it, Walgreens, J.P. Morgan, like the most boring stocks out there. Right now I look at a market where there's deals all over the place. And so that, to me, that signals fun. So I think that's why I'm having a good time on YouTube. Like last year, at this time, I was thinking about Quicks. I was legit. I was legit.

I was going down to like one video a week. Yeah. Didn't you go a while in your main channel without posting for a while? Yeah, I don't think I posted on the main channel for like two months or at least a month, maybe a month or two. And yeah, I was just really getting demotivated by the market and the euphoria in the market. And, you know, every stock was going to 10x and these sorts of things. And so, you know, we're in the complete opposite of that market now.

And so I think that's what's created a situation that I'm actually enjoying it more. Did you feel left out back then? that everyone else was kind of picking these stocks that were doubling and tripling, and you're sitting on the sidelines kind of like missing out of that rally? Yeah, I mean, I had a lot of, obviously I've always had a lot of money in the market. So I was still participating, but I wasn't participating in those, let's call them, sketchy stocks or those sorts of stocks that were like had no business models that were thriving during that time. So I never really feel bad at a particular time like that or even in a market like we're in right now

where things are downtrending and you buy a stock and then it's like, it just went lower. It just went lower. I never try to let that affect kind of my mentality because if you do, you're going to end making worse decisions in the end. If you're going to start feeling FOMO in a FOMO market or you'll start end up panic selling in this sort of market. So I tried my best just to not let it affect me. At this point, does it have any emotional effect when you see like, you know, hundreds of

thousands of dollars of swings in your portfolio each day? I would say no, actually, believe it or not, no. I think I've just been doing it so long. I think that's the thing. I've been doing it for so long, and it's, it's always been like a gradual rise for me. And so because I've been doing it for so long, I just not even really phased by it. It's like if the market's down, I don't know, 5% tomorrow, it's like, okay, cool, I'll buy some stocks. But in terms of me getting high, you know, highs or lows off of that, not anymore. So, but I'm sure there was time periods in my life when I was an earlier investor. It felt really good.

Now if I hit a new milestone, it's like, oh, you know. Yeah. But what about a lot of the stocks that you've picked? Tattoo Chef, Planet 13, Smile Direct, Coursair, a lot of those stocks that you invested in have gone down a lot substantially. How does that affect you mentally to see those declines and then think that we're trading at a good value and then they drop even further? And you're like, well, I bought more, but it drops even more. Yeah. So first thing I try to go back to is what's going on with the underlying fundamentals of the company. So I look at it and I'm like, okay, what's going on with Tattoo Chef's actual business?

And is that being reflected in the stock price? That's the first thing I focus on or honest or whatever, right? And so that's why I do a lot of channel checks and sometimes people laugh at me. Like I go to Target stores several times a week here in Vegas, drive around to Target stores. Literally, I spend hours out of my week. Driving a Target store is going to see Tattoo Chef items. I go to Sam's Club, Costco, all these different stores. Yeah, I know.

It sounds absolutely ridiculous, you know, unless you're really like into this stuff. I check out the honest section. We take pictures. And what are you looking for? I'm looking for seeing like new skews coming in. So right now Tattoo Shoe Shoe. Chef's getting more skews into the target, which a skew is essentially a new product. So right now they're getting more products, more shelf space, which is like a huge deal.

Imagine Jeremy's sitting there like out front of the section. Be like, hey, you should buy some tattooed chef. He's just trying to like sell it out. Just throw it in people's carts as they walk by. Take that. He's trying to get some items off the shelf there. There was a, so this is probably two weeks ago. I was at a Target store.

And there was a female. She was looking at the tattooed chef stuff. and I stood in the freezer aisle, I kid you not, for five minutes waiting for her to hopefully make a decision. I pretended I was looking at something else, just standing there like, you know, like enough a way that I wouldn't like spook her. And she wouldn't, she wouldn't make a decision. And finally I was like, I don't have the time to like continue to stand here.

So I went, went somewhere else. You didn't mention anything? Why did you talk to her? Because I wanted, I didn't want to mess it up. I didn't want to. I was like, maybe she's going to, well, maybe she was going to buy one. She was looking so intensely at everything. You had to see if it had enough natural appeal, right?

Yeah, yeah. Yeah, and I was like, you know, so I never know if she actually bought or not. But I was, I waited five minutes. As meet Kevin's wife. She's like, should I buy the tattooed chef? Oh, no, wait. No, Kevin doesn't eat that. Oh, gosh.

But you know what? Why wouldn't you have gone up to her as she was walking away and be like, hey, saw you looking at the tattooed chef? I'm invested in the company. Can I ask you like why you didn't want to buy it? That sounds creepy. No, it wouldn't. I don't know, man.

I would be honest. I feel like standing and staring at a lady for five minutes. I didn't stare at her, okay? I got a good peripheral vision. Maybe she was going to walk in your position. Yeah, she was freaked out. And she was so freaked out.

She's like, I'll just keep looking at this tattoo chef. I'm going to wait for this. Yeah, I'm not going to go buy the broccoli over near this creepy man. I don't want to make any sudden movements. I'm just going to like wait here for him to leave and you didn't leave. She's just like,

all right, I'm going to slowly. Imagine she owns the stock of whatever company I was pretending to look at. She's like, Is that guy ever going to make a decision? I don't even look at something too. Yeah, I want to talk to her and figure out why she didn't make the purchase or like what it was about the packaging or like the pricing. Did she take it out of the freezer and like look at it?

She looked at several while I was there. She would like take it out like look at it. How old is she? I would say probably 30s. Wow. Yeah, I would imagine someone like in their 70s is going to. Seventies. Just like the whole thing.

Yeah, I don't know. Oh gosh. She obviously didn't like something on there. like the calories. It wasn't an easy sell, right? And that's a problem, isn't it? Well, hey, I'm not going to make my judgments off of one lady that was in an aisle for five minutes. But it was interesting to see she was at least looking at the product.

I don't know. But anyway, so tracking sell through to get back to that, seeing like if things are running out in those sorts of things. And we even do things like we'll count how many items they have and then go back a day later and see how many items they have. Oh, they have 11. Oh, now they have six. You do that or do you send someone?

I won't usually go to that extent, but we do have people. in the private stock group that do that. They'll count it. They'll go back the next day and they'll be like, oh, there was 11 of these, you know, yesterday, now there's six or now there's eight or whatever.

How is that at all, like... I feel like it's only relevant when you compare it to other, like to its competitors, right? But you have to do that like across the country. You can't just do like one grocery store who happens to be in one location from one person.

As with all things in the stock market, it's not a perfect science and you can't just say this one thing is going to determine whether this is a successful investment or not. I just say like your ROI from doing that, It's probably pretty low. I know.

Like you can do anything else and probably make more money than that. That's what you can say. But it's about putting in the work. It's about putting in the work, okay? And the more work you put in, maybe the universe gives it to you back, you know, it maybe helps you out a little bit.

So I don't know. But that's what I spend part of my day doing. But first, I'd like to thank our sponsor, Storyblocks. Alex, your editing lately has been fantastic. You must be putting in a lot of hours. Thanks, man. I love spending countless hours. finding the perfect B-roll for my favorite boss.

Little's Jack, no, I spend barely any time looking for B-roll because I have story blocks. First of all, Alex, I can hear you because I'm right here. And second of all, what story blocks? Storyblocks is a subscription service that actually gives you instant access to millions of royalty-free HD and 4K footage, templates, images, sound effects, you name it. And finding the right piece of B-roll, Such as this is one of the most challenging, time-consuming, and crucial parts about being an editor. But with StoryBlocks, that's no longer an issue. Investing is a huge part of our job, and one of the best investments I've made is StoryBlocks. The time and energy I save, on top of the increased quality of content, is truly priceless.

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Once again, guys, storyblocks.com slash ICH. We have a link down to the description. Thank you so much Storyblocks for sponsoring this episode. And back to the podcast. But as far as price is declining, how does that impact you? Do you ever get worried to the point where it's like, well, what if this is the new normal? What if it stays like this for 10 years? or it just keeps declining.

I worry about the overall economy. You know, like if we were to go into a massive recession, that was a multi-year recession or something like that, that's usually my worry. If we're in a good economic climate, you know, I'm not very, very worried, let's put it that way, especially for any of these sorts of stocks that I own, they can only trade unsustainably low levels for so long.

You know, it can last for months or maybe even a year, but it's unsustainable. And just like last year at this time, you know, stocks got to very unsustainable, levels like p-re ratios reached like you know parabolic levels and things like that and if you looked at like a forward PE through like your indini research or whatever you looked at forward peas of uh you know small-cap stocks or large caps or mid-caps they were trading astronomically high at this time last year it was unsustainable and right now if you look they're trading at their lowest levels they have in over a decade

over a decade for mids and small caps and so when i look at that that makes me feel pretty darn comfortable i do worry about okay what if we had a multi-year recession but outside of that you could only have stock prices trade unsustainably low or high for so long, and then it breaks trend. Isn't there a worry of opportunity cost where, let's say your money's tied up in like Corsair, tattooed chef and Smile Direct, that there's the opportunity cost of these other companies that might do better in the short term, or at least better over the next, let's say, one to three years? Yeah, so there's a few frames of mind from that. One is, do you want to get caught up into making short-term decisions, right? I'm always trying to make the best decision over the next three to five

year. That's always my thought process going in. What's going on for this company over the next three to five years? Past five years, I don't really know because that's too far in the future. And if I'm making a bet for a year, that's pretty darn short term, to be honest. So I'm usually thinking three to five years out when it comes to these companies. And I'm trying to make the best decision for the long term when it comes to those. And back to the rest part of that question. You know, what was that again? Do you worry? Do you have a concern for yourself or like what what if these just keep following oh no no no yeah i i i stay focused on long term and then i just i look at the fundamentals of underlying companies oh and i remember the other point you know you were kind of going across there what if it was a better stock or something

like that right well what is that better stock you know look at facebook after hours today down 24 percent look what just happened to paypal is that the better stock that just went down 24 percent look what happened to netflix netflix got slash 24 percent on their earnings right and so you know i don't really um go into the notion of of, you know, oh, maybe it'd be better in these stocks or something like that. Look at bank stocks. A lot of those are getting close to 52-week lows now. So I think in this sort of market, you've got to stay with what you believe in for the next three, five years,

and basically put blinders on for everything else out there because I think it's just you'll end up. Kevin O'Leary today, Kevin O'Leary goes on CNBC. He was a PayPal shareholder. He got devastated in PayPal today. It was down like 25%. He says, I'm done. I'm selling PayPal today, putting the money in Facebook. Facebook goes down 25% after hours.

So that's like this ridiculous moves people making this sort of market where they're just not thinking. It's like, okay, you just got slash 25% on PayPal. Instead of buying the dip, you're going to sell, put that money in Facebook, and Facebook just got slash 25%. So, you know, at the end of the day, you just have to put on blinders in this sort of volatile market

and stay focused on the ones you like. Now, you bought PayPal, though. Yes, I bought PayPal in the huge dip. Yeah, I was shocked to see it head drop more this morning. Yep. and I bought a lot more. I put another $30,000 in this morning. Like $130.

What did you buy after hours yesterday? I bought $15,000. Then I bought another $15,000 as it dropped more. And then I dropped another $15,000 as it dropped more. And then I put another $30,000 in this morning when it was down low. And my plan is if it falls to $1.26, I'm going to buy another $15,000. If it falls to $121,000, another $15,000. All right.

Well, get your cash ready, Jeremy, because Jack's buying it. Yeah, I'm getting to get it immediately. Tomorrow. Please do not buy PayPal. Why? It's going to be because it's going to be another Robinus. I don't even have any money anyways.

That's good. Jack, come on. Why don't you have any money, Jack? Tell us what's going on. You spent it all on a Miata. No, I put it all in Robin Hood stock. Do you really, Jack? No, I put a lot in.

How much did you buy a robin? I put like $15,000. Yeah. That's not. What do you mean? That's not. Could be worse? That's a lot of money.

Yeah, I put a lot in Robin Hood. And I was wondering, I was like, checking my banking. I'm like, where is my money? I don't know where it is. And I think what it went is, um, a month or two ago, I just like sent a bunch of money to M1 finance. Okay. Yeah. And what, what do you do with M1 finance? Uh, well, uh, Robin Hood. No, it's a, it's a, it's like a little bit of Tesla, a little bit of AMD and then mostly like, I think it's a VTI and like VUG. AMD's looking good by the way. That's one of the very few stocks that's holding up in this market. Yep. So it, my M1 finance account is like,

Okay, but my Robin Hood account is suffering. Yeah, suffering very badly. Yeah. Yeah, now there's rumors PayPal might, in the back half of this year, if Robin Hood and SoFi continue to fall, they might try to make a move on Robin Hood or SoFi. That's just a rumor, though. We'll see.

I cannot see Robin Hood being sold to PayPal. I mean, but watch me eat my words. Just watch me a year from now. Someone will take that clip, use it, and it'll have happened. I would rather see like an apple. I don't know, like an apple or like a Google. Google are like a big, a big five company, swoop in, take them and then integrate them within like a bigger service.

Robin Hood might need to like rebrand everything. Yeah. They need a big brother. Yeah. I think if they got acquired by a bigger company, they changed the name. They try to make a little bit different. That way when people log in and they join, they don't think of Robin Hood anymore. They think of other new company they're trying to make these changes.

Yeah. No, that might not be a bad idea at all. But the hood, you guys still use the app, both of you or not anymore? No. I don't. I still use it. You still use it? You have to admit, though, for options,

they're an easy platform for options. They make it so simple. And margin, too. And I still see, I still see on Wall Street bets, people are still posting Robin Hood screenshots. You're not seeing, you rarely seeing them from any other brokerage.

So it goes to show you, I mean, just how Robin Hood is being used right now. Yeah. Options. Jeez, man. By the way, Robin Hood fell not. nine to nines after hours that day reported and today i think it's at 13 or 14 so it made like a 30 40 percent jump like a snap of fingers crazy but um but yeah nonetheless you know that's kind of the way

i think about the market stay focused on the long term of the next three five years this is a lot to be scared of right now you got the fed you got recession fears you got companies not really giving guidance um i think there's a lot to be scared of in this time but um you know the best the best thing you could do is just focus on the next three to five years so that's kind of that's kind of my I find it surprising that you don't panic or you don't get it all concerned about the stocks going down. Yeah. No, I think it's just the experience. That's the thing. When you've been doing it for so long, I think that's what it really comes down to. I think if you're a newer investor who's just kind of started to get rolling in this, I think it's very easy to get panicked. You know, I've held a lot of stocks in my time that are very controversial companies. I've held a lot of stocks that had huge short interest.

I've held a ton of stocks that I went down 20, 30, 40% on before. So for me to go down in stocks, like, that's expected. I almost, I catch falling knives all the time. So, you know, think about some of stocks I've been in, even in my YouTube career, GoPro, which went obviously dramatically bad, right? Tesla, which was the first year I was investing that, was a drama show, Elon Musk with the SEC, all that. Obviously, being through the crash, getting started in the crash, been through corrections.

I think I've just been through so much that I think that's what gives me the confidence to kind of hold through. But you also must have some like personal practices that keep you so level-headed and calm. Because every time I see you, it doesn't matter. Like I used to see you more often when I lived with Graham. But every time I still see you, you're very calm and collected. What do you do in your own personal life to stay so calm and collected? Like do you like meditate?

Do you get like a good amount of sleep every night? What is it? Yeah. So sleep, yes. I always get six to eight hours every night. I go to bed super late, but then I wake up kind of late. So I might go to bed at two. am and usually wake up like 9 a.m. maybe 10 a.m. if I sleep in a little bit. So I always get a

amount of sleep. I meditate every day for about 15 minutes before I go to bed. That just that helps with anxiety and those sorts of things, which I think is something that, you know, in this sort of market, you need that, right? Mindful meditation helps massively with like stress, stress relief and anxiety. And in this sort of market we're in right now, there's a lot of stress and a lot of anxiety. I think that gets the best of people. But at the end of the day, like I said, I think a lot just goes back to experience. If you've been through it and you've been going through it, and the thing for me is I've been doing it so long and I've just kind of climbed the ranks. It wasn't like I went from like, you know, a super small amount of money to like an, like a huge amount of money. The first time I had

six figures in the stock market, I was 23 years old. 23 years old was six figures in a stock market. 24, I hit 200K in the stock market. And, you know, then maybe 28, I hit a million or so, 28, 29. So my, you know, kind of moves up has been, I would call it gradual, whereas, you know, if you just flood in a bunch of money, let's say you're already a millionaire and then you flood some money in the market. I think it's really easy to get scared. So, but as far as me, those are some of the practices I usually do. When did you start meditating? I did that, I started that, let's see, that was about a year and a half ago. Yeah, started meditation about a year and a half ago. And that was definitely amazing. You know, I'm happy I found mindful

meditation because I always was somebody that dealt with a lot of anxiety and like over worrying about things and those sorts of things. So I came across mindful meditation. My gosh, that was a, you know, a life changer, I would say. Because the structure of your brain, you can actually change it. I don't think a lot of people realize this. You can actually change the way your brain functions. And I actually started diving. No, I didn't even think about that. I thought like the way your brain is or how you think is like just like how you think, right? But it's not. It's like just like you can transform your body to be more strong or more fast or, you know, get a six-pack or whatever, you can do the same thing with your brain.

And I came across a Wim Hof method probably three years ago. And that's what started me down this cycle of like, you could actually change your brain. You could change the way you think, the way you behave in those sorts of things. And then about a year and a half ago is when I came across mindful meditation. And that was kind of like the next lever of like understanding how to strengthen your brain. And the science-based, you know, advantages that is astronomical. I would say anybody watching this, look into it. There's no hurt it will do to you and it'll only help.

But first, I'd like to thank our sponsor, VinoVest. Alex, I just came up with the best investing idea. Well, what is it? I'd like to buy wine, let it age and become more valuable, and then sell it for a profit. The only problem is I don't know where I would store the wine or buy it or sell it. I really don't know anything about wine. Well, Jack, with VinoVest, you could do all of that without worrying about a single thing. And VinoVest is the best and easiest place to invest in wine.

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Guys, check out VinoVest down below in the description. Thank you VinoVest for sponsoring this episode and back to the podcast. Long as through the process. How did you learn about it and how do you do that? What does it mean to mindfully meditate? Mindful meditation, what it is essentially is, you know, imagine you're, you know, usually I just go to my closet in the dark and just sit down. And what you do, you close your eyes and, you know, you're usually always going to be thinking thoughts, right?

And your job is essentially to focus back on your breathing. So you're going to think about something. Then you focus back in your breathing, focus on your breathing. Your mind's going to all of a sudden drift from thinking about breathing to thinking about something else. Then it's up for you to say, you know, basically in your head thoughts and then bring it back to your breathwork again. Or maybe you hear a sound in the house or something happens and you process that as sound. and then you start focusing on your breathing again. And so it's training, it's essentially like you would train your body.

You're training your brain to not over-obsess about things that aren't relevant or whatnot and understand you don't have to have compulsive thoughts or something like that. So that's something that it personally helps me with. It does help with focus as well, which is something I always had a lot of trouble with in terms of focusing on a conversation or something like that. That was something I used to have a lot of trouble with. And I've noticed my focus has definitely improved since I started mindful meditation. Because, you know, there's a lot of times where I would be there, but not really be there.

Do you know what I mean? Like you're talking to somebody having a conversation. You're kind of like giving the vibes. Like you're in that conversation, but you're not really in that conversation. And last thing I've seen some improvement with is memory. I definitely can remember things better than the past. And everything's not as much as a blur. And I can remember specific things I said to somebody or specific things that happen,

which is helpful because, you know, especially if you're in a busy lifestyle, it can start to just become like a blur and you're like dude i can't remember what i ate yesterday i can't remember what i did and um you know that's not a fun way to live you know because then you're just like oh my gosh why do i need to remember what i ate yesterday yeah why do i need to remember that like i don't know i feel like my mind could go without this little details yeah because then it's like well you know i don't need to retain that info but it's also about like conversations you have with people um meaningful things that that happen being present that's a huge thing it helped me be more present and like enjoy like,

this sounds crazy, but like little stuff, like birds chirping or whatever, like that's the type of stuff. You know, when you're so, when your mind's so like obsessed in this, this weird state,

you stop even paying attention to like nature and like, you know, good things going on and whatnot that, us as humans, I think just crave. And, you know,

so anyways, there's been a lot that has changed for me for the better. And I would say overall, I'm happier. And the reason I think I'm mainly happier is because of not having to worry about things constantly and over obsessing over whatever is going on or whatever. What were you worrying about previously?

Oh my gosh, everything. You know, it didn't matter if there's ever anything in my life that went wrong. You know, I would just over obsess about thinking about it, constantly worry. Like, oh my gosh, this could happen, this could happen, this could happen, into a very unhealthy state, you know, where you just have obsessive thoughts about things that are going to go wrong or could go wrong. This might go wrong. You know, what if this happens?

I don't know, what if this light falls on my head and I die? You know what I mean? Like it's just ridiculous thoughts that don't even make sense, but you, you know, I'm sure there's people out there that have gone through that. And that's where, you know, I kind of reached a breaking point. I'm like, I got to figure out a way out of this. And that's how I came across mindful meditation. I was, I was heard about it, but I never really knew about it.

I heard about it. And I was like, I thought it was just some, you know, whatever thing, you know, that some people do. And then what got me was I looked in the science-based facts around it. And what that, because I was like, well, if somebody says it's good, maybe they just, it's in their brain that like, they're like, oh, that that helped me out. But when you look into the science-based things, that's what got me into it.

And so, yeah. Have you done that, Jack? Mindful meditation? I tried meditating probably a month and a half ago and I was doing it every single day. And I was like listening to something to like a guide that would walk me through it, you know? And I did the introductory course for it, which I think was like seven or ten days. And I, then it came was like, oh, you got to pay. And I was like, oh, come on.

I stopped. It was helping too. I don't know. I don't know. I should have just. It's free. YouTube. Yeah, yeah, you're right.

I tell myself all the time, probably every day that I got to get back into meditating. This is your sign. This is a sign. I used to. And why did you stop? Because it helped? And then I thought it was cured.

Yeah. That's a problem. Mental health is just like physical health. And I think that's the way people are going to start viewing in the future. I don't think that's the way it's been viewed as the past. But just like, you know, going in the gym, right? You could get overweight and then you, you, you're, you're, go to the gym and then you get down to like a healthy weight and you're like oh i'm feeling pretty good

about myself but then all of a sudden if you break it you're going to gain that weight back so same thing with like mental health if you get yourself to a good point because you're doing something you got to stay strong and keep doing that thing otherwise you'll end up relapsing and you'll get into a week in state again and then your brain won't be in a good place and so you got to you got to keep it up if you want to stay in good shape that's the way i look at it you kind of got your physical shape and then you got your mental shape so what do you think led to you being so nervous and anxious about random things. Do you think there was something that happened or something like growing up or maybe this is just how this has just been you since you were a child? Yeah. I mean, I think probably my

family circumstances growing up definitely could have, you know, drove me to just be, you know, have more anxiety as a kid. I think some of it's probably hereditary, you know, like it's, you're, you're born in certain ways, right? And so I think some people are, or more likely to, you know, had those anxiety type thoughts than other folks maybe, whereas other folks just, you know, that doesn't even hit them. They don't worry about anything. You've got some people that are fearless, right? They don't get scared of anything. They don't fear anything. They don't have any anxiety. And they're just kind of like naturally like that. They don't even need to try. And you got other folks that that really had problems with that. So, you know, I think some of it's just probably

lifestyle growing up. And I think part of it's just maybe the way I am, you know. And do you think it's partially that anxiety and that like nervousness that led you, to like want to do so much with your life and like become like a multi-millionaire and like achieve great things? I don't think so. First off, I'm a Scorpio. So if you don't know about Scorpios, look them up, okay? Look them up. Look them up sometime. Okay. But yeah, I think for me, you know, I just love, I love competition. I love competing. I love playing games. I love winning and losing. Jack, you know this because we play tennis many times and you know I can get very, very competitive. And I just love that. And even if you beat me, like, I'm like, okay, you know, I would rather

compete and lose to you, then not play at all. And so for me, money is kind of a, you know, it's a game, you know, it's a fun game. And that's kind of the way I look at it. And there's certain things I'm trying to do in my life, obviously. Like, I'd love to be able to make crazy amounts of money to give it back to charity and things like that, not just give it to my kids so they can ride around on yachts or something like that. But that's kind of, that's kind of the way I think. And I'm like, you know, to me, it's just very motivating, you know, and I think that's, I love business. I love investing. I love those sorts of things. It's not like, it doesn't even feel like work for me. I listened to a conference call on the bubble bath last night. It doesn't

doesn't bother me. Bubble bath. Yeah, bubble bath. Is that another trick? I take at least two to three baths a week. Yeah. Do you really? Bath. Yeah. On a conference call. Amazon presents Jeff versus Taco Truck Salsa, whether it's Verde, Roja, or the orange one. For Jeff, trying any salsa is like playing Russian roulette with a flame thrower. Luckily, Jeff saved with Amazon and stocked up on antacids, ginger tea, and milk. Habaniero? More like Habinier, yes. Save the everyday with Amazon.

Awesome, yeah. Is it just to you? Usually, yeah, usually. But sometimes. But sometimes, you know. I'm not going to say. We need some nice romantic music and Barry White in the background. Nice.

Oh, gosh. Wow. So, yeah, you know. Damn. There's a reason I had three kids, you know what I mean? Oh, wow. Wow, that's fine. Wow.

Yeah, speaking what, you just had a third child. Yes, indeed. Yep. Number three, baby Axel. How did you pick the name, Axel? Well, so we try to come up with somewhat creative names for all the kids. And so, I don't know, we were just thinking. And then we came across that name and we were like, oh, they,

That's pretty different. Like how many people you know that are named that. And we were trying to think of a four-letter name because other kids have four-letter names as well. So that's how we came up with that. But yeah, I didn't think I would be a father of three. So I didn't picture that in my life.

I also started having kids way younger than I thought. I thought I would probably start having kids in my 30s. That's how I really thought. And then I ended up having, you know, one kid at 24, one kid at 27. And then obviously this one, a little late. For Jack, that would be in a year. year from now for you. That's crazy. Imagine in one year. I could not imagine taking care of a child.

Yes, 24. Yep. Yeah, so actually, Jack, that would mean like now. Yeah, so you start. She was pregnant when I was 23. Wow. Yeah. See, I can't, I cannot imagine taking care of a child or like a pregnant wife right now. That would just be like so much for me. Yeah, I think I think people make it out to be a lot bigger than it is in their heads. Like, oh my gosh, I'm not ready for that. I'm not ready for that. not ready for that. And it's not as big of a deal as you think. I think it's a pretty big deal. It's not. It's not. I think especially as men, I don't think, and even women are like this. I think, you know, I don't think you ever feel like you're ready. I'll be clear about that. There's never going to be a time point where it's like, I feel ready to have kids now. It just doesn't work like that. You know, you'll never feel fully ready. You'll always feel a little unconfident because it's a big

responsibility. It's like, I'm bringing somebody into this world. I've got to try to keep them on the right track. I got to try to teach them all this stuff and whatnot. So it's a huge responsibility. But you'll, in my opinion, you'll never feel ready. You just got to do it. And then when it's there, you're like, oh my gosh, it's like the best thing ever. So, you know, yeah, I can say confidently, I look at bag of my life. You know, my wife and I talk about this sometimes. It's like, what did we do before we had kids? Like life, like, when I look back, I'm like, man, it's so boring. Like, what do we do? Like, go out to eat or something. Like, you know what I mean? And then once you have kids it's like there's so much fun they can get annoying sometimes but there's so much fun that it's like

your whole life changes and yeah it's enjoyable so but you'll never feel like you're ready i'll just i'll just put that out there so yeah interesting guys like all right let's let's keep it going tell us about the hungry bowl app jane oh oh my gosh that's my fourth kid yeah yeah yeah give a background on the hungry ball app because this has been a long time of the works and it's been draining a lot of money. Oh my gosh. You've been making a lot of videos on your money losing company. Oh, I've got to get back to that.

I haven't been doing that. Thanks for reminding me. Yeah, so basically you take a pile of money and you burn it. Yes, that's exactly. Basically it. The bowl is hungry. Okay. Yeah, so hungry bowl, you know, we came across that concept.

I don't know, maybe sometime around this time last year, roughly, around doing a newsletter. Then we built it into an app. Got the app launched in August, about August. and it was really rough at that time, but people stayed with us. We just continued to improve it and improve it. And man, it's been a lot of work.

I could tell you that. It's a lot of work. You know, if anybody ever was thinking about starting an app or anything like that, it is so much work to try to make this thing successful. A lot of people have been putting in a lot of time. And, you know, we're making progress,

but, you know, it's definitely not just like, I think I maybe was a little naive going in. I think if I, if I, I think if I knew what I know now, I wouldn't have done it. I'll be honest. But with that being said, sometimes ignorance is the best thing ever, right? Because if you know what you're kind of in for, you're much more likely to be like, nah, forget that.

And you never push through to reach something, right? Kind of like YouTube, YouTube, I put out 100 videos and I maybe had a thousand subscribers, 100 videos. If I knew I was going to put in that much work and get that little out of it, I think my first year on YouTube, I made like a thousand bucks. maybe max. And so the same thing with the hungry bowl. I went in, I think very, very, you know, ignorant in this situation.

And I thought, oh, you know, we're going to make this work. It's going to be, you know, a year from now, we're going to be at this incredible place. And I'm just like, it takes a lot longer to build things out the way you want to build them out. It's tough. You've got to keep people motivated. Developers are so in demand right now. It's incredible. And they have all the power right now.

And so, yeah, it's a great. It's something I committed to for five years, so I'm still staying with it. Five years. Yeah. Why five years? Well, I did understand going in. It was not going to be – I didn't know it was going to be this hard, but I also understood it wasn't going to happen like tomorrow. Like you look at almost everything that's, you know, been successful. It usually takes time to really get it up to a level that it's doing great, right?

And it's in a great place. If we even think about our YouTube channels, like the first year, definitely wasn't in a great place, right? year two things start to really click year three okay now now it's really starting to get going so that's the same exact way i looked at the hungry bowl i'm like the first year is going to be really rough you know um year two hopefully you start to make some progress you're like okay we're getting somewhere with this thing and then year three hopefully is that year where you're like okay we're doing this like we're and so this year for me i told the guys this i said if we make it through this year we're good uh we're we're going to be on the way as long as we make it through this year um but yeah man it's a

it's a lot of work we grind on it thank you to everybody that ever supports hung hungry bowl. We appreciate you guys. We got hopefully a website coming at some point this year and hopefully just going to make the app better and better. And thank you everybody that leaves us a review on the app store. It means a lot. It means a lot. We're trying to do something special there. There was a guy I heard earlier

who spent $5 billion in the UK to build out of stock brokerage. Wow. $5 billion. So how much they've spent so far. And I'm thinking to myself, $5 billion, you may as well. What's the point to building the brokerage?

It's like you spend $5 billion so you could get five billion. I'm like, you already have five billion. Just don't build a brokerage. That sounds insane. Five billion dollars. It's wild. Geez, I don't even know how that's possible. I have kind of an interesting proposition. So you said that you kind of suffered with like anxiety and nervousness and stuff like that. And I know that Graham has something that's similar. And I'm wondering, I have a stuff tight. That's all. You have a video on YouTube titled My Struggle with Social Anxiety.

Not anymore, but I came back. You know, you solved it. I solved that. Yeah. It's gone. Just put it on. You just practice putting yourself out there. Right.

Got it. Well, I have a theory. And I think disproportionately, a lot of people that are very successful struggle from anxiety and being nervous and stuff like that. And because of that, it pushes them to achieve more because they want, they have either like a scarcity mentality or they just somehow feel inferior

and feel like they need to compensate by being successful financially. What do you guys think about that? Sounds like something a broke person was saying. I'm kidding. No. Yeah, I mean, I don't really have any thoughts about that. I think different things drive different people, to be honest. You know, I can't speak for other people,

but I know for just me personally, you know, I love business and investing so much, you know, like ever since I really started to dive into it when I was in college. You know, it was just something that like right away, like I always hated school. I was a horrible student. I graduated high school with a 2.23 GPA, 2.23. So for those you don't know, that's very bad, okay?

And, you know, and then I go to community college, and I start taking, like, business courses and whatnot, and I start getting like A's and B's, and I just, I always enjoyed it, even like accounting, which accounting is a subject that, you know, I think a lot of people do not like, you know, reading income statements, balance sheets, cash flows, those sorts of things, right? And doing accounting for companies, I took three levels of that. and I thought that was fun. I think because at the end of the day, it came down to money,

and it was like business related. And so I even found accounting fun where I always hated anything math related, right? In school, like, that was one of my worst subjects, but I enjoyed it so much. And so for me, it was kind of like, I just found that as a passion. And I've always been obsessed with business

and investing ever since. And I'm always very obsessed with like anybody who's very successful in anything. I have just a great appreciation for people that are really on top of their game, you know, where they're the best at their craft. I love sports and like, you know,

I always love watching Tiger Woods play golf. I don't even like golf, but like how dominant he was back in the day or, you know, any of these athletes, Tom Brady and whatnot, it's like I just appreciate anybody that's that great at something. So in Graham on YouTube, how great he is, you know, we just appreciate him. He's in the Hall of Fame. But, yeah, that's kind of my thoughts on that. So I don't know if you have any thoughts there, Graham.

Yeah. Now, I agree. I've always been obsessed, though, with like, with saving and money and invest. So I've always just been gravitating towards that. Even as a young age, I'd collect. Like, I would look through the change, and I knew that my grandpa told me there was a 1909 SVDB penny. And those pennies were with like $2,000. And I'd look through all the pennies at like six years old to try to find that 1909 Svdb penny.

You're never going to find one. But just in case it was there. And I'd like collect when the state quarters came out. Remember those? Yep. I collected this. I loved the state quarters. I had everyone.

I collected all of them. And I would keep the ones that were in the best condition. And I had that book, that little thing where you squeeze them in there, like in all 50 states. I loved that. Was it collecting in general or collecting money? Because it was money. Both. Both, I think.

I love collecting things, but I also like collecting things of value that will keep their value or increase in value. What I'm curious is what do you think is in you that makes you want to collect things and like save? Is there anything in you? Or is it just a raw desire? You just like it. I used to be a squirrel in the past life. Just finding nuts and just burying them away. I don't know.

I love collections. I love when I see someone's collection, no matter what it is, because it's cool. To see like the piece something together and keep it in good condition. And I don't know. There's something about it. This is neat. No, I can understand that. I had a great business when I was six years old, seven years old.

It was a legal gambling business. So I had a bingo. little machine and my dad and my brother they always loved gambling on anything so I'd run this little machine and play bingo against them and that was a pretty profitable business I got to say that was one of my most profitable business I ever had oh so I used to have one of this as a kid it was a it was a toy but it was like this this plastic gambling thing like a slot machine oh and you would do the thing like you put in a quarter you do the thing and if you got all sevens it would it would displaced all the quarters that were put in there.

And I'd go to my grandma's house and I put it up there and sometimes you'd have family over and I would ask everyone to like try to win money and I just collect the quarters. Yeah. I remember one time I think somebody won and got all the quarters I was so upset. I was like no, no, no, they didn't work. You got to do it again. It was glitched. It wasn't supposed to do that.

Oh my gosh. Yeah. No. And then it brought me another point. You know, as my childhood, I was introduced to gambling very, very young, you know, because my dad and my brother. And, you know, even as a little kid, we'd go to the dog track,

which I don't know if you guys ever been to a dog track before. It's basically greyhounds race around and try to catch this little electronic bunny in whatever dogs win. I don't even know if it's legal nowadays. I don't know that one. Yeah, PETA might not be having.

No way, yeah. I know the one that we used to go to called, I think it was called Greyhound Park in Phoenix. I think they closed it down a long, long time ago. But I was introduced to that at a very young age. And so I think that's where I get kind of my, my like understanding of risk, right, from a very, very young age

because I was introduced to gambling and understanding like that's too much risk to take or that's the right amount of risk. And what I used to bet on as a little kid is I don't have my dad place of bets or whatever is I would bet on dogs to show, which to show means you come in the top three. It's seen as like a safer bet.

You don't win as much money, but it's a little safer. So versus betting out a dog to win because I think there was either eight or ten dogs in the race and you never know who's going to win out of those dogs. Reminds me why you like so much the, we have this horsey game. Yeah.

That's funny. That's funny. You love the horsey game. You just want to, and I'll admit, it's so much fun. It's very fun. It's,

I never thought I'd enjoy this game so much, but it's like, it's this racetrack of horses, and you click the button, and all these mechanical horses run around the track, and you don't know which one is going to win. And I think there's, yeah, like, eight of eight or ten of them.

and they all have different odds and you click the ones that you think are going to win and sometimes it'll be neck and neck and then all of a sudden like the one in the last place will go like this zoom in front of everyone else's last minute you're like oh one was winning and then three just took over like the last second oh yeah no and you know we were always

you know being around my dad my brother who's eight years older than me they're always gambling on something man always sports betting you know doing that type of stuff or we even used to gamble on video games So we used to have a horse racing game. There was a video game for PlayStation 2, I think it was, back in the day. And they would give you odds in the game, and we had this little box that you'd put money into to bet on your horse coming in a certain place.

And if you lost, then the money stayed in the box. It was like this little bank box. And so, yeah, I think at the end of the day, like I was so around so much gambling that I got very comfortable with taking risk in like, where is my calculated risks? at that I should take and where should I not take risk? So I think that's another reason why I don't freak out in the market because, I mean, when you're gambling, you know, you lose a bet, you lose 100% of your money. If I go down 20% or 30% of the stock, it doesn't really freak me out. So as long as my companies don't go bankrupt, I should be okay.

So why don't you take 10% to your portfolio and just invest that in some of the riskier plays? Because it would give you a different aspect to talk about with the source. smaller portion of your portfolio. What do you mean? Risky plays. Riskier stocks. Like more, I don't want to say momentum, but, you know, I don't want to say gambling. Yeah.

But, you know, some of the hypeier stocks that, you know, in short-term plays. Oh, yeah, yeah. Under a year, but between one and five months. Yeah, so short-term plays, first off, some of the stocks I'm in, people would see as riskier because some of the stocks I'm in are unprofitable businesses right now in high growth, in newer companies. So I think some stocks I am in, including Tattoo Chef,

I think some people would be like, that's a high risk business. So I definitely don't think I'm in the safest stocks possible. But I think you go down a dangerous path if you're trying to do short-term stuff, like try to swing in and out of stocks and things like that, even if it's with the smaller amount of money, it leads you to doing that more and more often,

which is something I got caught into 2015, where you kind of end up in this bad cycle of dominoes where it's like, oh, I'm making this move, and I'm making this move, and you start getting in and out of the market, you start getting more in and out of positions. And ultimately in the stock market, I try to just stay focused because the more I do that,

I know I'm not good at that. I'm not good at trading. Most people aren't like 98% of people. I'm not good at trading. I'm not successful at swing trading. That's not my thing. Every time I ever do that, I lose money. And when I say lose money,

I don't mean like you go down for a little bit and then you make it back. I mean you like lose, lose money, right? You buy a call option in a stock because you think their earnings is going to be good. And it doesn't happen. You lose 100% of your money.

And so I think it's just a dangerous game that I'm not really willing to play. So that's why I try to stay away from that. Because I think you get into a real bad cycle when it comes to that. I'm also curious, what is in the private account? Oh, the private portfolio? Yeah. It's pretty much all the same stocks you know of. Tattooed Chef's my biggest, which tattooed chef, let's see.

Between the, so I think in the public account, I'm up to like maybe 20,000 a share as a tattooed chef. and the private account it might have like $65,000. So I think between those two accounts I'm up to like $85,000 shares attached to $65,000. What's tattooed chef at? So $65,000 times, what is it, $12?

Yeah, I don't know. A million. Yeah, roughly a million in the chef. And so, you know, a lot of those are the same type of stocks, honest. I've been buying honest a lot. I probably have, I don't know,

three or $400,000 in honest right now. And then obviously I got some plays that I don't have in the main like SDC. PayPal I just started buying in that one. I already got 72 in PayPal now. But a lot of it's just, you know, the same type of stocks. I don't, the one stock I don't own in my private account is Tesla. That's the one stock I don't own that I do own in the public.

I cashed Tesla a while back. When? Oh, I can't remember, but it was, it's higher than when I sold. That's what I know for sure. I looked at it and I was kind of like, well, I could take a little risk off the table. I was a little Tesla heavy at that time, I felt like. And so I cashed a little bit, but, yeah, it was a bad decision.

Usually it's a bad decision to sell Tesla. I usually always regret it. And I've cashed out shares of the public account over time, too. And every time I'm like, yeah. Because I was about to ask why sell in the private, but not in a pub, but it sounds like you sold in both? Yeah. In terms of my private, if I recall, I always held less. So it was less to sell.

In the public account, I'm now down to 500 shares of 10%. Tesla, which I know still probably sounds like a lot. But yeah, that one I've cashed out of two. The thing that kind of worries me, and this kind of frustrates me with Tesla and this kind of battle of your mind, right, is I'm trying to stay focused on the long term with Tesla, but what I do worry about is I'm like, man, are they really, what if we were to go into a recession, right? Are people really going to be out there buying $50,000, $60,000, $60,000?

And because Tesla is starting to get to bigger and bigger numbers, they're going to become more and more like an auto company in terms of trying to hit numbers. And if people aren't really excited to buy cars because, let's say, we're in a bad economic time, what does it mean for Tesla's numbers, right? So these are kind of the conflicting things you have to go through in the stock market where it's like, okay, I'm trying to stay focused on the long term of Tesla, but it trades at a super high PE. And what if we were to go into a recession and we're in a situation where, you know, people just aren't buying cars. So, you know, but at the end of the day, a lot of times what I found is selling Tesla is just usually a mistake as funny as it sounds.

And when I got a lot of crap, because when I was buying in Tesla back in the day, I actually had sold completely out of my Apple stock back then. And I put my Apple stock into Tesla stock, which Apple stock's done amazing since then. Tesla did obviously much better. And so whenever I've sold out Tesla shares recently, I've been putting that money into the chef and some of these other stocks, and people look at that.

And they're like, what are you doing, man? You're going to sell out of Tesla to put some money in that stock? Like, that's ridiculous. us. And I can understand why people think that. And we'll see what's the right decision over time. But yeah, most of the time I've ever sold any Tesla shares. I usually always regret it. How much is in the private group? If you paid me $100,000, I would tell you. But not even $99,000. What if you want to imagine it's like a thousand dollars? I know it's not a thousand dollars. Graham, what's your net worth right now? It went down.

All of ours did, man. 55 million. It's like 15 now. But it was, at the peak, it was 16.5. Or like 16.8. And then I had to pay taxes, which bumped it down. Plus, the market went down. So it's like 15.

It's like 15 now. Okay. Yeah, that's a nice number. Yeah, well, you make videos about that, too. It went from 162 down to 14.4. Oh, at the low. Can you take a screenshot? No, I don't want to take a screen.

I don't want to take a street. Just use that. Just use that. And then the market dropped on top of that. So, 14-5. Yeah. Well, man, NASDAQ's going to be rough tomorrow. That network's going to go down more.

Man, I hate to break the news to you. But anyways, yeah, so I don't know, man. Do you want to play our little game? Yeah, let's play a game. Okay, let's play a game. Right, yeah. All right. So what we're going to do is we're going to pretend we have a $5 million portfolio.

And we each have to pick. five stocks and then we're gonna when we're done we're gonna tape it to the bottom of this table and next time it come on whenever that is we'll pull it out and we'll we'll talk about the stocks and then we'll put it back and then next time it come on we'll do it again so all right uh we need a million dollars in each stock so first one on two million no oh we're doing yeah five five five yeah yeah PayPal is the first one on picking here p YPL I think that's 131 dollars here today I'm putting a million in that okay I'm picking the chef You know, I wasn't going to do this without a good old TTCF, and that's 12 and some change.

Let's see. Honest, honest. So HNST, that should be six. Think I'm going to go with the planet, okay? Planet. Couldn't see that one coming. You couldn't see that one coming. And the last one, hmm.

Oh, Corsair gaming. I'm not going to pick Corsair just because you want me to pick Corsair. I'm actually going to pick SDC, which is SDC. that today, guys. 270? 270, 270, 290. So I'm going to have a good mix here.

And Jack, you look like you're scheming over there. So I'm definitely doing Google. Oh, Google McDougal. And that is pre-split. Oh, man, I'm going to be boring. I'm going to do Apple too. Can we also include crypto?

Oh, yes. We should be able to. Okay, I'll let you guys do it. All right, thank. I don't like that. Yeah, I'll do Ethereum. Yours is going to be very similar to mine. I got three stocks, so then I'm going to do Spy.

And then I'll do, why not Bitcoin. Bitcoin. And that is, what's Bitcoin at Jack? 38. All right. Jack, all you. Boy. Pressure's on, Jack.

First stock. Apple. Apple, okay. Oh, ours is so similar, Graham. Oh, my. I'm also picking Google. This is what Jack does. He just copies my trades.

And then everything he buys just goes down. Oh, my gosh. Like clock or weird, you know. So, like, I'm worried about writing down my stocks. Jack's immediately going to be like, well, I'm going to buy that. I could buy that. I could buy that. I'm going to put Ethereum.

Oh, geez, now Ethereum's going to crash. Thanks, Jack. I'm going to put Robin Hood. Oh, the hood. Okay. I appreciate that. that jack at least that's sticking your head out there for a bit i appreciate that's going to be the one wild card is robin hood yeah i appreciate i would be shocked if they're trading lower than they are today

but yeah they got the problem with them they got two more tough quarters to go through two more really tough comps oh gosh facebook are you going to buy facebook tomorrow no i'm actually not why their numbers were so bad that even i don't want to buy the dip in that one tomorrow which is saying a lot. But this is, this is taking them back to basically where they were at the peak before COVID. Yeah. But dude, the numbers are so bad. So, um, it's bad, bad bad. AMD. Okay. Wow, one one one 19. I remember what was that like 130. 119. 10. 69. Okay. Okay. You know what I think the issue with Facebook is is that everyone, they basically got the entire planet to sign up. Yeah. Like how many more, like now the only new people signing up are like, like, like,

like just have to be born. Like they have to, they have to like. And new people born don't want to sign for Facebook. And that's the thing. Then they would rather spend time on TikTok. So I think they've already got everyone that they could. And so the only ways to expand on that is to either buy other companies who have a younger demographic or they could try to advertise to the existing audience more.

But yeah, I mean, I don't know. I feel like it's just, it's an older demographic on Facebook. I think they just care about, they want the millennial audience. Yeah, and Instagram still does well, but the problem is Instagram Reels is doing really good, but they don't make that much money off Instagram Reels.

Is Instagram Reels actually doing well? Yeah, for them it's doing well. I don't think it's doing as well as TikTok's doing, but it's doing well. They specifically say that, but they don't make hardly any money off Instagram Reels compared to how much they make off feed and those sorts of things. YouTube needs to figure out their YouTube shorts

because they're getting better with the algorithm, but still TikTok's algorithm is so on it, and I hate to say it, but it does feel like people are just, like they're taking the TikToks and then just slap it on YouTube. Slap it on Instagram. YouTube really needs to,

I think if YouTube are smart, they would pay creators for exclusivity. They're only going to create content for a year on YouTube shorts and pay a ridiculous amount of money. Because YouTube could probably afford it. Yeah, they could easily. If they paid their top creators

and we say, hey, we'll pay you a million dollars a year, only post on YouTube. But I think a lot of TikTok isn't like the same creators getting a ton of views. I think like, I think a lot of TikTok is just like the overwhelming amount of people that just like are posting random stuff like random people and say some funny viral moment happens over here.

Then it gets traction on TikTok. That's the way it seems because I mean, I don't follow that many people on TikTok, but it to me it seems like I'm more so just getting shown the funniest bits posted in the last five days. Regardless of who it's from, it doesn't seem as though the top creators like on YouTube. the more subscribers you have, usually you get the majority of the views.

But imagine if YouTube were just divvied up on whoever has the most retention that day. Yeah. Like, that's the video you're shown. Yeah. And just maximizes the time that you're stuck to your phone. I think it's a little more older school YouTube, like old old school YouTube, when it was just kind of more of a free-for-all before people were really focusing on building channels out and things like that. And then after that, then YouTube pivoted toward like whoever had the most,

subscribers really, you got like a dominant kind of feed before they went to the algorithm, right, which I know the algorithm frustrated a lot of people when they actually moved to that and like your homepage could be whatever, you know, the algorithm thinks is relevant to you. So that's probably just a stage TikTok's app. But, you know, it's interesting. Seeing the Facebook numbers and their guidance, seeing Google YouTube kind of not be impressive, I think TikTok's definitely a real serious competitive threat to actually YouTube. It absolutely is because TikTok has figured out.

how to keep people on the platform for longer. And again, I look at, I look at what Macy's doing. And when she's brushing her teeth, you know, watching TikTok, not YouTube. Every now and then she'll watch YouTube, but when it's, the majority of the time it's TikTok and I see, it's, you know what I think it is? It's the, the swiping. I think Tinder figured it out that people like to just know on the phone. They like to be kind of engaged, like with that swiping feature, but with videos.

And they've combined that with like the best of the videos that keep people watching. the longest and when you have so much content on there, the algorithm can like pick and choose. It's wild. Graham, what's something you think Jeremy can work on? It's probably a long list. Let me start right now. And what is something that you see and Jeremy that you admire? Okay.

So what Jeremy could work on, I think is the, I think the aesthetic of the brand, the channel, the Hungry Bowl. I think all of that could be upgraded. And I think it's holding you back. I think when you look at all the YouTube channels with over a million subscribers, subscribers, they have a good set. And I think it's really, really, really important. And yours with the webcam and the little upper hand side, the new viewers to your channel,

it doesn't bode like sophistication when they see that as a first impression. So I would say if you built out a good set, probably like 10K, it doesn't have to be too over the top, but like $10,000 in a really nice set with a really good camera and you upload like that, I bet. It would be the difference like filming the millennial monies. live versus the podcast and you see that you know just steady subscribing then just a big bump i think you'd see the same thing in your channel oh that's good to know i think everything you could you could double your views with a good set oh that's good to know just good aesthetics across

the board yeah yeah yeah i appreciate that and what do i admire jeremy's never stressed out i've never seen i've never seen jeremy anxious stress uh very much just zen i like that okay oh i appreciate that Thanks. What about you, Jack? What can I work on, man? I would, I would actually agree with Graham. I think it's just like the professionalism. And I mentioned this when we were driving your Tesla. I'm like, dude, Jeremy, you really need to get a better quality camera, better quality audio. I think that would all go a very long ways. And I think realistically, it could, if you spend, you know, $5,000, yeah, that's all you need to spend. It's $5,000 on a good camera, good mic. And maybe just like curtains for a backdrop. That's it. And just like a wooden table. I think you'd probably make that money. I was just thinking this would do really well for you. What's the unboxing channel? Was it unbox therapy?

It's basically just a table with a, not a green screen. It's like a gray screen in the back with some lights shining up. You're at the table with your computer. A few little trinkets. That would be the easiest set imaginable. You get the headlight here. You get some lighting around here. And it's as simple as literally going over,

flicking on a camera, and done. I think it would probably make its money back in like a month easy. A few videos. I would say within three to five videos. No, it's not. You could outsource it to someone and pay someone like $3,000 a month and they would take care of all of that stuff.

They could even probably edit for you. Yeah, it slows down speed. Doesn't matter. It does not matter. I think this is holding you back massively. When you see how much work, because you're putting in this work on your channel and you're getting a small ROI compared to what you could

get otherwise. It's like imagine someone clicking on one of your videos and I've never seen you before and the first thing that comes up is like your desktop. I'm clicking out of that. You can't compete with like Andre who like makes his video welcome back to you. And it's like everything and magic and just the flipping cards and just crazy editing. He's talking about a high level concept. And Andre is getting like 300,500,000.

views of video. Yeah. You're putting in the same amount of education between you and him. It's just the video itself, I think, needs to be a little more produced. It's slow down editing. But for the work you put in, you'll get 10 times more than you're currently getting. Yeah. I mean, I have a little different view, and I do appreciate that.

And I don't think it's a bad idea. But, I mean, that kind of changes the brand. You know, those are very scripted videos. Like Andre puts an incredible script work. That would change up, you know, my whole thing. You know, in terms of like you have to do that massive amount of script work. You have to spend massive amounts of time filming. Kevin's not scripted.

No, I know. So you could do that. You could do the same thing. That's what I'm talking about. It's flipping on the camera, but it's nicer. It's not your desktop. But you're also talking about like slowing things down, like Andre, you know, and those things.

So I'm like, that's a whole different way of telling me. I think just a little bit of a set, a high quality camera, a nice mic would go a long way. What do you think something is that Graham could work on? and what is something you admire Graham for? Oh, that's a good question. Let's think work on. Trying to make people change their whole YouTube channel. It doesn't have to be, it doesn't have to be working on.

As far as work on, let me think, I think just kind of expanding outside of just YouTube. I think that's something you have been trying to work on. I think that's kind of the big thing. You've got such a really successful YouTube thing going, right? you know, between all the different channels. So I think kind of expanding outside of that, I think would be really, really important. You know, something I admire is just the consistency, you know, and the work. I don't know a lot of people that like, you know, like really work like that, you know,

and do it for years and years. And so I always look at you as somebody that I know is working all the time. And I love, you know, living next door because I always know you're working. And you always know I'm working. And so that's cool because I think there's a lot of people that get very complacent once they get to a certain amount, whether that's like $2 million or $5 million or whatever, I think a lot of people get very, very complacent.

And so I've just always appreciated that you keep grinding, and you keep working, and you're not satisfied. So that's something I honestly really admire in a big way. So, you know, I respect, like, everybody that keeps it going once they haven't. Because not everybody doesn't. Thank you. Yeah, absolutely.

And then, Jack, you know, as far as you, you don't need anything. You don't need to work on a thing, Jack. You are perfect. Jeremy, you shouldn't, man. Jack wants to outsource his perfectness. Someone else could be perfect for Jack and he could hire it out. Wow.

Yeah, I've heard you've been expanding your empire. Yeah. Impressive. It's nice. It's nice. It's good stuff. It's good stuff. As long as you're growing.

Yeah. That's all it matters. Yeah. That's all it matters. So you're going to have more workers than Graham's going to have soon. I might already. Jack already. I don't quite yet.

I got Alex. but Jack is like two people already. Jeez, you're a tycoon, man. Beast. I don't know what they do, but you know what? Just stuff, man. It's good for the economy. You don't even know. It's like you're saying, helping him out.

Employment is low because of Jack, because of this guy right here. He's hiring everybody. Oh, gosh. That's awesome, man. That's awesome. Okay. Graham, do you have anything other questions? Anything other to mention?

Jeremy, you think there's anything else we should touch on that maybe? No. I think, you know, a lot of people. People are curious about a recession if we're going to have a recession or something like that. I hate to end it on a damper. But, you know, I think there's a lot to be concerned about. There's a lot of companies right now that are not giving guidance. So a lot of companies are very confused on what's going to happen out there.

And Mr. J-Pow, I think he's even confused. So we'll see how many actual rate hikes. I put my head out there recently. I said, I'd be amazed if the Fed raises more than twice this year. Everybody's saying four to seven times. No, I agree with you. Oh, wow. That's not many people think like that right now.

But with all the cloudiness, I think it's going to make it hard for the Fed to raise in meaningful ways. Unless all of a sudden in the back half of this year, all the companies are like, oh, everything's great. Then they might raise. But aside of that, I don't know, they might be a little more timid. But yeah, that's about it. Well, stay tuned to see what happens on the next episode of, is there going to be a recession? Is Jeremy going to have another child? Stay tuned and subscribe.

We'll link to your channel down below in the description. and you can get your free stock as well when you sign up for public. Use the good gram. Jeremy. Yeah. Thank you so much. Absolutely. Thank you to public.

And wait, I'm not getting any money off that. Wait a minute. Don't thank you to public. But anyways, guys, we got the paper. We have it right under here, okay? It's going to stay saved until next time I come on. And other than that, buy the dip.

Buy the drip, guys.