The Money Mondays - Dan wins Humanitarian Award & Hurricane Hilary hits Blacksite Ranch

Episode Date: August 21, 2023

Like this episode? Watch more like it 👇 Watch ALL Full Episodes Here: https://www.youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k --- The Money Mondays is a business podcast here to ...teach you how to make money, invest money, and donate money by showcasing some of the world's most successful people and how they do the same. Hosted by serial entrepreneur Dan Fleyshman, the youngest founder of a publicly traded company in history, this money podcast gives you an exclusive behind the scenes look at how the wealthiest celebrities, entrepreneurs, athletes and influencers make, invest and donate money. If you want to learn more business and investing while you work to improve your financial life, you're in the right place! Subscribe: https://www.youtube.com/@themoneymondays?sub_confirmation=1 Dan Fleyshman, The Money Mondays Learn more here: https://themoneymondays.com Watch all the podcast episodes: https://youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k Let’s Connect... Website: https://themoneymondays.com Podcast: https://podcasts.apple.com/us/podcast/the-money-mondays/id1663564091 Twitter: https://twitter.com/themoneymondays LinkedIn: https://www.linkedin.com/company/the-money-mondays/about/ TikTok: https://tiktok.com/@themoneymondays FB: https://www.facebook.com/The-Money-Mondays-110233585203220/

Transcript
Discussion (0)
Starting point is 00:00:00 And we're walking in there and there's sugar ray Leonard Mike Tyson Michael Phelps Drew Rees everybody man you guys can do charity without money there's so many ways to make money now through a cell phone that's never happened in any other recession in history people will pay for your skills your passion or your hobby can extra 20 bucks a day 50 bucks a day 100 bucks a day 200 bucks a day that's actually double most people's salary in America. Why do you need to make more money and why do you need to save money? Let's have a really blunt discussion.
Starting point is 00:00:31 [♪ OUTRO MUSIC PLAYING [♪ Ladies and gentlemen, welcome to the Money Mondays. Today's dish is hurricanes, earthquakes, and humanitarian awards. I am co-hosted with the real Tarzan. Tarzan gets over 200 million views a month on social media. I managed to change that number because yesterday, I don't know how many views he got yesterday, but he's got over a million likes on his post yesterday. What's the number you're in? What do you have? 15 million views for one.
Starting point is 00:01:01 15 million views a yesterday. So it might as a change the number of this whole 200 million views a month. It's 215 million views this month. All right guys. So the Monday Monday's works like this. We talk about three core topics, how to make money and invest money, how to give away the charity. But we do that when we have a podcast guest. Because we're literally in a hurricane, we don't have a guest today. We wanted to make a special edition episode and talk about what happened this week with the humanitarian award that I received for charity. And we're going to walk you through some of the things of how you can interact with charities, how to build up your own personal brand, how to invest in things, how to deal with charity efforts, how to network, build relationships with athletes, celebrities, entertainers,
Starting point is 00:01:39 everything between. So Tarzan, tell us, how did you feel being in that room? We're at the Beverly Hilton It's Dana pump and David pump. It's their charity event the 23rd year of their charity and we're walking in there and there's sugar ray Leonard Mike Tyson Michael Phelps Drew Reese everybody man everywhere you turn so like a legend legend legend legend legend young old and everything between Jerry West NBA logo Bill Walton's given speeches Knut okay, so let me walk you guys through what happened There's Dana and David pump. They are sports agents and they help with ticker brokering and they deal with charities And they have this one core charity that their parents started many years ago and for 23 years in a row
Starting point is 00:02:23 They have this athletefilled event for cancer research. They raised $11 million in growing for cancer. So when they asked me if I would be part of it, I was like, of course, I'd be part of it. I've been going for the last few years. And this year, they're like, we have awards for Michael Phelps, Drew Breeze, John McEnroe, etc. I'm like, wow, that's awesome. And they were like, we want to present you with the humanitarian award for charity.
Starting point is 00:02:49 And I was like, well, I don't have any, you know, Olympic gold records or medals, like Michael Phelps has 23 or 28 or something. Like, I don't have that. Drew Breeze has a like a Super Bowl champion. I don't have that. The concept and why they picked me was we broke the Guinness Proquiled Records for the world's largest toy drive last year.
Starting point is 00:03:09 And this year we're going to do 10 cities in a 15-day period somehow. And we're gonna just demolish our own toy drive record and just go absolutely crazy. And we're doing it in Los Angeles starting December 2nd And then I don't know the exact 9 cities like the dates, but we are doing Atlanta Tampa, Jacksonville Las Vegas Phoenix, Dallas Help me out.
Starting point is 00:03:38 Salt Lake City We need only two more We said Jacksonville we said Jacksonville Miami Tampa. Those are all the Florida ones. Dallas, Atlanta, somewhere else. Somewhere else, right? Somewhere else. Yeah, somewhere else.
Starting point is 00:03:52 All right, there's 10 cities during that time. And the point of it is, we want people to replicate the charity. That was actually part of my speech. So during these 10 cities, we're going to be collecting toys for about three to four weeks prior in that local town, either at one main hub or in a bunch of different smaller hubs bringing it to the one main hub. So what that means is, and I'm going to walk you through it so you guys can do your own
Starting point is 00:04:15 type of charities or do your own toy drive or other charities like it, is you don't need a bunch of money to do charity. You can do charity with what I call power energy and effort. Power is the inertia, the energy of like, hey, I text Tarzan, Tarzan, text Trevor, Trevor, text us person. We all post on Facebook and Instagram. And hey guys, we're gonna take over this warehouse on this date, December 2nd, and bring as many toys you can. That didn't cost anything, right? Your text messaging, you already have a phone.
Starting point is 00:04:44 Facebook, Instagram, LinkedIn, Threads, Twitter, Snapchat, TikTok, free, free, free, free, free, and free. So you have all the social media platforms, you don't have to have a big following. What happens is, if I invite Tars and Tars and invites Trevor, Trevor invites Roger, Roger invites, boom, boom, boom, boom, boom, boom, all of a sudden, 100, 200, 300, 400, 500 people start to show up
Starting point is 00:05:04 to your toy drive, just from you texting, posting on social media. Cost you zero. The warehouse that you're gonna do this at, this is gonna do your toy drive at, you're gonna get for free. You know why? That business owner, the person that owns that warehouse,
Starting point is 00:05:18 the person that owns that clothing brand or whatever's in that warehouse, they want you to be there. It looks good for them to be involved with a charity. Last year, we did our huge one in Los Angeles, and then two days later, we took over the lines not cheap warehouse. We filled it up with a ton of toys, and the same day, all the toys went out. Sean Wailen didn't charge us a dollar for that. Obviously, he wanted us to have the toy drive at his warehouse. It's great for his brand. He's very efficient. He has a warehouse full of staff
Starting point is 00:05:42 that can help us with all the processes, the being by the boom we threw a toy drive You guys can do the same thing in your local town for toy drives back to school drives Thanks to giving food drives Grabbing supplies for the homeless etc just by what I call rallying the troops, right? If you use the power energy and inertia of like getting people together rally the troops like hello Hello, just posting on social media text everyone You'll be surprised how many people want to help you volunteer. We all want to do charity, but your job, if you're listening, is to make charity easy.
Starting point is 00:06:12 That's what my whole speech was about that night at the Beverly Hillton was. I didn't talk about myself. I don't think I said the word I once. I talked about what everyone there could be doing. There's 1200 people in that room, athletes, legends, sports agents, business executives, and so my entire speech was about them, not about me, because I want the chair to be much bigger than me. The people in that room, and the people that are listening here on the Monday Mondays, if you go out there
Starting point is 00:06:36 and you pick a location and you tell your friends, and you post on social media and you ask for favors, and you tell people, hey, bring toys over to this warehouse, people are gonna show up. And they're gonna show up big. They're gonna call the local news stations, the local radio stations, podcasters, the friend that owns the car dealership,
Starting point is 00:06:51 the lady that owns apartment buildings, the guy that owns the big office building boom, it just all happens and it costs you nothing. Nothing. Now, if you want to donate money, you want to go buy toys you can, but I want the 15 year old listening, you can do a toy drive.
Starting point is 00:07:03 The 82 year old listening, you can do a toy drive. You do not old listening, you can do a toy drive. You do not need money to do a toy drive. Let me really be really blunt about it. It sounds overwhelming. Oh, planning a toy drive with 200 people. It's not you pick a location, you pick a date, you pick a time, you invite a bunch of people, you post on social media, you make one main flyer, you make
Starting point is 00:07:22 yourself a video like, Hey, guys, come December 2nd, Los Angeles. We're going to be at Hubble studio, about a being but a boom bring all the toys you can That's that's it all of a sudden you're gonna have hundreds of toys or thousands of toys or god willing a whole bunch more Just from you going out there and inviting people to a warehouse to do a toy drive Okay, so Beverly Hilton Dana pump David pump for their event, 23rd year, I'm the very first speaker. I'm sitting next to Drew Breeze, Mike Tyson, and all these people, my best friend, the founder of Marvel Studios, is sitting right next to me. My CEO, elevator, his name is Joey Carson is right there, so like, it's show time. My friends are there, Travis is there, everyone's there, and it's show time, and I have a decision to make. There are Travis is there everyone's there and it's show time and I have a decision to make I can do like the I just you know, I want to thank God and everybody here for giving the I didn't want to do that
Starting point is 00:08:10 This is my opportunity to get 1200 people in the industry to go do something and Luckily it worked out and like 60 people that pulled me a style like man That was the best speech we've heard you never said the word I the whole thing was about us The people were telling me how they were already texting their staff, their executives, their agents about what they could be different charity, because I just broke down this exact basic thing. You guys can do charity without money. Again, money can help, money can be the gasoline on the fire. It's unnecessary to do charity. That is not the point. And we've made this stigma about
Starting point is 00:08:43 charity like, oh, it's rude to talk about charity or it's, if you post about it then it's not really charity. That's complete lie. Let me just be really clear with you guys. Nonsense. I post about charity because I want you to replicate my charity. Let me give you another example. Back during the shutdown, us and the guy named Jimmy Rex created these $100 tipping dinner. I mentioned it to you guys on an episode before. The $100 tipping dinner is where we went to get like eight, nine, 10, 11 friends together. We'd go to a restaurant and we'd surprise the waiter or waitress with $1100 bucks. And they'd either split it with the staff or depending on the amount
Starting point is 00:09:18 of money. Sometimes we do $1,000 each with like 29 people. So all of a sudden there's 29 thousand dollars and we'd surprise like 50% goes to the waiter waitress, 50% goes to the staff, holy smokes, right? They can buy a car. That's crazy. We never talked about it being us. And by doing it, hundreds and hundreds and hundreds
Starting point is 00:09:38 of times I've seen people post about their own tipping dinners copying us. Most of them don't even know who I am. That's fantastic. I can never make a big charity if it's based on me. I don't think people realize that. Most people have the stigma about charity because they do it for their own egos.
Starting point is 00:09:55 I don't need you to pat it back. I don't need you to donate to my charity. I need you to do charity. I need you and your friends and followers and staff to do charity. And so during that speech that night, I walked them through how these people in the room they could do charity.
Starting point is 00:10:07 They could take action. They could get their staff together. They could get their friends and family together and they could do charity. When you were there and you were interacting, obviously that so many people were excited to see you also, how did it feel to be in that room and what do you think about the experience in general?
Starting point is 00:10:21 First of all, man, congratulations. It was cool to see my boy up there. Go first, and you had zero, like you were nervous at all. And see, I didn't see a ounce of sweat out here forehead. Even up there nice and smooth, but I mean, you're in front of crowds every single week. So congratulations again, man. Thank you.
Starting point is 00:10:41 I love you, dude. So it's cool to see you do real philanthropy pick work. pick work. So I you say it right. Yeah, I was struggling with that work But yeah, man, it was cool to see all the real legends in there. You know Rick Flair was there Yeah, Mike Tyson Michael Fels everybody drew breeze all these all these champions all these all these Olympians, you know all these Jerry West yeah Paul Pierce is over there. Paul Pierce, you know, just it was nuts man, you know, and it was cool to look in the waves of all the legends, see my voice in front and tender, you know, it makes me feel like I'm in the right place at the right time with the right people. And it inspires me to go harder, you know. And I'm glad you said that because we got to do 10 cities this year.
Starting point is 00:11:31 I feel a lot of work. Oh yeah, man. And do more charity work too, you know. And like you said, it was always indoctrinated in our brains to not talk about charity because if you post about it, I like the way you've rewired of reigns to think like the opposite, you know, it's cool, man. We have to make it easy for people to do charity. We have to make it okay to talk about charity.
Starting point is 00:11:54 We have to make people want to do charity, take away the stigma like, oh, if I donate money, only this percentage is gonna get to the people, okay, donate money. Go there in person. Go at your time. Go volunteer, go spend time there post about on social media. Get everyone together to go help a charity that you believe in.
Starting point is 00:12:10 The money part is only for the ones that are like cancer research, AIDS research, leukemia, things that aren't like a physical thing that you can go do. Those need a ton of capital because it does take huge staff, huge overhead, huge offices, etc. The charities that we do, this is a back to school drive, you bring supplies. Thanks to even food drive, you bring turkeys and cranberry sauce. Like, we're not asking for money. I want people to be able to replicate the charities that we do because it's very physical. Like, when we make the backpacks for the homeless, which is called model citizen funds, it's been 11 years now.
Starting point is 00:12:41 It's half food and drinks, the other half is supplies, cleaning supplies, duct tape, socks, a watch, a poncho, sleeping bag, etc. In a backpack. You can buy backpacks from Model Citizen Fund and we'll donate to the homeless, order women abuse shelters, or teen abuse shelters, or orphanages, or you can make backpacks filled with supplies. If you don't have to donate to Model Citizen Fund, you can do it. You can just go get Ziplog bags and do a smaller version.
Starting point is 00:13:07 You can have your kids do it, your friends do it, your staff do it, your school do it. Anybody can do it. My goal to post about charity so that you can see how actually easy it is, even though it looks overwhelming on social media. It sounds overwhelming like, oh my gosh, they raised this much money for charity
Starting point is 00:13:21 or they did this many meals or they built all these schools and they built all these water pumps in Africa. These are very functional, executable things by anyone. I'm not saying it like, oh, anybody can do it. No, literally anybody can do it. It just takes power, energy and effort and that comes from your cell phone. I'm not talking about power in the gym. I'm not talking about you need millions of followers like Tarzan. You just need to have 500 followers and go text people and post on social media and word will spread
Starting point is 00:13:49 Because then when you're 12 friends posted and they all have a couple thousand followers 12 times a couple thousand Starts to add up quick. Okay Hurricane Hillary I want to apologize for bringing the hurricanes from Florida I want to apologize for bringing hurricanes from Florida. This is the first time there's ever been a freaking hurricane warning in California. We are in Temecula, California. We're at the wild jungle. That's WYLD.
Starting point is 00:14:13 There's 26 acres. But what's on these 26 acres? There's 180 animals. And they're like, hey, dad, they're talking to Tarzan. What is going on here? There's freaking rain everywhere. We're hoping it doesn't hit us too hard tonight. Right now, we're literally looking outside.
Starting point is 00:14:29 You might see my eyes keep looking outside. We are in a rain storm, but hopefully, we're not an actual thunderstorm or hurricane. We don't know what's gonna happen yet, until tonight, but for safety reasons, we just spent the last, I don't know, 17 hours, moving a big portion of these 108 animals into indoor barns. Did you can imagine because of 26 acres, that's like a half a mile to walk from that side to that side.
Starting point is 00:14:51 And so we went through that process, tires on a walk us through, why should we do it, how should we be prepared in case of situations if they have animals at home? Well, this whole facility man is actually perfect for exactly what we're doing, you know, to have 188 animals dispersed on 26 acres, but we have a space dedicated solely for it. It's too hot. Yeah, it's too cold. The rains too much. We can just walk everybody down there or trailer them down there. And they're safe, you know, they got no flies.
Starting point is 00:15:20 There's light. There's fans. There's just, you know, constant staff always taking care of them. I mean, you live 30 feet away from another barn, so we can just walk down there. There's cameras in there, so we can hit a button on our phone and check on them. We have babies being born left and right. You know, we're shifting goats from like everybody has their own sections, so one section now. So we have like, what, 25 goats in one area, and I'll just jump around playing on each other.
Starting point is 00:15:44 I'm probably thinking it's like recess or something But you know safety is a Is a real thing when it comes to animals and I'm usually Stuff like this isn't happening in California. So you know, it's like abnormal Where was thinking about like forest fires or bush fire stuff like that on the west coast But I'm gonna have a hurricane and something that I'm actually really used to because I've been preparing for hurricanes for the past like 12, 13 years living in Florida. So we always do it around the same time like right before to see how much a hurricane
Starting point is 00:16:15 disperses out in the ocean or if it breaks down before it's land, but man, you never know living in Cali. We just had an earthquake like what 30 minutes ago. Yeah, 5.5 earthquake, which is pretty big, especially for California, just happened, which always makes the stress level go up for people of California, because they don't know what's going to happen. We don't know if the tornadoes and hurricanes are going to kind of fade away as they get over over the land, or if it's really going to come in here and do 60 to 80 miles an hour of winds, which is what the media keeps saying. So crossing our fingers that it just kind of rainstorm and fades away, but the flights have been canceled throughout
Starting point is 00:16:48 Vegas, San Diego. I mean, the link hotel was flooded as of last night. All the flights were already shut down. So it'll be interesting to see what happens. We're going to know tonight, and luckily it passes by within 24 hours. So hopefully we do not get hurt too bad throughout California and Nevada. Okay. Why do you need to make more money and why do you need to save money? Let's have a really blunt discussion. Situations like this? Yes.
Starting point is 00:17:13 We're in a moment in time that what would happen if you couldn't go to work for a week? What would happen if your house got damaged? What would happen if your car gets damaged? What would happen if something goes on with your accessories, your personal stuff, your life, the windows, just those little things? There's all these scary stats about how much people have saved up in America.
Starting point is 00:17:36 The numbers are staggering about how few people have even $1,200 in savings. What if the windows break in your car and you don't have insurance? Well, there's a couple things to that. One, making sure you have insurance for the different aspects of your life. Two, how do you afford to have extra insurance and to cover different topics? Because there is earthquake insurance, fire insurance, and house insurance, and health
Starting point is 00:17:57 insurance and car insurance. And boy, it feels like they get you from a rainbow and they have pet insurance and everything between all those like $30, $100, $200, $80, $80 adds up. You have to decide for yourself about your preparedness, how much of these things you want to be prepared for, and based on your age especially, which I think about levels of health insurance, the children in your life, significant others, parents, etc. Life insurance, because God forbid something happens,
Starting point is 00:18:25 what would happen to your family? Are you the main supporter of your family? And people often don't have these discussions because it's rude to talk about this. You need to have a financial plan. You need to have insurance. You need to have these discussions with your family about what would happen if this happened?
Starting point is 00:18:41 What would happen if we lost power? They're expecting to lose power. There are a lot of parts of California. There's six counties right next to us that were already evacuated. What would happen if those people are evacuated and they can't afford to go stay in hotels? Because if they theoretically only have 1200 bucks saved up and they got to go get two hotel rooms for them and their kids, that's 200 bucks a night times two. What do they have to stay there for a week? Well 400 bucks a night times seven is $2,800. They only have 1200 bucks. See the problem?
Starting point is 00:19:10 And so we have to have these discussions. Because otherwise, people are going to be left on an island by themselves. They're going to feel confused and scared and not knowing what to do. So it's parts of why I say you have to make more money. It's not that I'm financially shaming you. It's that you physically need to make more money because our life is getting more expensive.
Starting point is 00:19:30 9% a year inflation is hard to deal with. And next year is an election year. It's going to be very similar 9% a year. And the year after that, depending on who's president, it's probably going to be 9% again. So we're somewhere between 7% and 10%. And just think about the math on that. If you've got 10 grand saved up and now it's worth 9,100, then it spends like 8,200, then it spends like 7,300. That 10 grand that you saved
Starting point is 00:19:54 up is just kind of fading away of the value. And people might be thinking it's like a conspiracy theory or like what do you call it? Like a tin hat stuff. That's just math. I'm making a thing up, look at how much gas prices were three years ago. Like how much gas prices are now? How much was it for bread three years ago? How much is bread now? Go try to buy a gallon of milk right now. Blueberry muffins, $1.50 a pot.
Starting point is 00:20:19 A dollar 50. We saw a four pack of blueberry muffins yesterday. There were six dollars for a four pack. I walked away. I was like, I thought I had some money, I don't have six dollars for muffins money. I don't. Like, that was hilarious. You saw me walk away.
Starting point is 00:20:35 Like I had a full grocery car, like no, I can't do it. Six, I was physically upset. I had a visceral reaction. Six dollars for a four pack of basic muffins. Like grocery store muffins, not fancy muffins, not a brand, just the rouse grocery muffins for $6. Why does that matter? A couple of years ago, those were two or three bucks.
Starting point is 00:20:54 So you can do the math, that's more than nine percent of the place in there. You know why? A lot of companies take advantage of it. When we had the shutdown, remember how much gas prices went up? Exxon mobile went from like two three dollars a gallon to four five six dollars a gallon and then they started blaming
Starting point is 00:21:09 the Ukraine war. What the heck does Ukraine have to do with their gas prices? Guess how much gas and fuel we get from Ukraine? It runs with zero. Like actually zero. What are we talking about? And our gas went to five six dollars and if you live in California, good luck. It was even more than that Think about this Exxon mobile had the highest record breaking quarter in corporate history in his whole eight 60 60 60 70 80 year Whatever it is history So did they have to raise the prices because of the war or did they just Pillage everyone and make the highest net profit margin they've ever made in their entire corporate history of a multi-bizillion dollar company.
Starting point is 00:21:51 These aren't 10 hat things. This is not 10 for whatever you call it. These are just basic math stuff. And once a company realizes they can charge this much for bread or this much for blueberry muffins or this much for milk or whatever. They don't want to go backwards. They like those big profit margins. They like it because they're also impacted too, by the way.
Starting point is 00:22:11 They're paying more for other stuff. They're paying more for gas, more for trucking, more for employees, more for shipping, more for everything because they're dealing with inflation also. All of us are dealing with inflation. And that's why I'm so blunt about why you need to make more money and save more money. Life is expensive. Just the little things of like trying to take a family of four to Disneyland or Universal Studios or on a trip or to a hotel or to a restaurant or to the movies. Remember when tickets to the movies were three bucks four bucks five bucks six bucks seven bucks. Now it's eight bucks then ten bucks and twelve bucks and, like who can afford $15 a ticket for a family of four?
Starting point is 00:22:47 And then good luck buying a popcorn. You gotta sell a kidney to buy a popcorn. Like we're getting into a time where the lower income is physically not able to afford the most basic things in their life, which is food, water, shelter. And then that's going to the middle class now where if they can't buy a car or a gas or these things because it becomes too Unaffordable we're gonna be in a weird spot financially now
Starting point is 00:23:09 I don't want to say gloom you know the gloom and doom concept because I don't believe we're in a recession We are in a financial turn and there's some reality checks happening But a recession would be I go to the airport and it's empty I go to casino in Las Vegas and it's empty I go to a high-end restaurant to the airport and it's empty. I go to Casino and Las Vegas and it's empty. I go to a high end restaurant or retail stores and it's empty. I've never seen a visitor in my life. You can't even, I went to LAX two days ago and I had to park three terminals away
Starting point is 00:23:38 because every terminal was full on a Wednesday. That's not a recession. I go inside and every single first class seat is gone on a Wednesday. That's not a recession. I go inside and every single first class seat is gone on a Wednesday. When I land in Las Vegas, boom, every single casino is packed, packed. In the casino host is talking about, oh man, the restaurant is completely sold out tonight. It's a Wednesday and they're completely booked out. That's not a recession. When you look at it from the head of nightclub going on with the chain smokers And they were like oh, yeah, it's $10,000 a table every table sold out. I wasn't going there I just mean like every part of the world when I went to Vegas when I went to New York
Starting point is 00:24:14 When I went to everywhere this last week Everything was packed everything was sold out and so are we going through a financial turn of financial situations happening? Especially for a lower income and middle class. Absolutely. Are we in an actual recession? Absolutely not. And it's not close. There's so many more ways to make money now than ever before that people are not taking to account. 2008 was our last real recession. If you notice, the smartphone was just coming around that time. There wasn't fancy apps. There wasn't a way to like use Airbnb to rent out your extra bedrooms. There wasn't a way for you to become that time. There wasn't fancy apps. There wasn't a way to use Airbnb to rent out your extra bedrooms.
Starting point is 00:24:46 There wasn't a way for you to become a tutor. There wasn't a way for you to be a dog walker through an app. There wasn't a way for you to be a babysitter or a dog sitter or a teach guitar or teach Spanish. You didn't have all these ways to make money like you do now. So when people lose their jobs or situations happy, all of a sudden they have ways to make money
Starting point is 00:25:03 where they can become an Instacart driver, a postmates driver, an Uber driver. They can do extra side jobs like tutoring on their phone, etc. They can make extra money. They can sell their jeans, flip their shoes, buy baseball cards like there's so many ways to make money now through a cell phone that's never happened in any other recession in history. So things are different. And there's been a lot of appreciation. People's houses went up, their stock portfolios went And there's been a lot of appreciation. People's houses went up, their stock portfolio is went up. There's a lot of more money that was created, a lot more wealth that's created over the last 15 years since last recession. So we're not in a recession. There's a lot of debates about it. And my debate is, if I can't go to
Starting point is 00:25:39 Casino or I can't go to a restaurant or I can't go to the airport or I can't go to any basic thing, an unresession. Because when we're in recession, like we're in 2008, I can't go to a restaurant or I can't go to the airport or I can't go to any basic thing, an under session. Because when we're in recession, like we're in 2008, I can tell you the baseball games, I was right there by Petco Park, I had a store there right next to the stadium, it was empty. Right now, good luck in the ticket, it sold out. Because we're not in a recession.
Starting point is 00:26:00 All right, I'm gonna cover a couple more topics before we go because I want to keep this episode under 40 minutes. Remember, we always keep the money Monday's under 40 minutes because the average workout is 45 minutes, the average commute is 45 minutes. So we wanna keep these very short and effective for you guys so you guys can share it. Keep in mind, we also do a coaching call
Starting point is 00:26:18 every Monday at 4 p.m. PST on the moneymundays.com. MoneyMundays.com is where we actually do live coaching. I'm there almost every single Monday, and if I'm not there on that Monday, there's someone every Monday, either my CEO or Tarzan, or someone like Jeff Fenster from Everbull. Someone in our business world that's gonna be doing teaching and coaching.
Starting point is 00:26:36 And so it goes for about 40 minutes of teaching, whether it's myself or one of us that's teaching, and then 20 minutes of live Q&A. So if you guys ever wanna do the actual coaching with us, it's the moneymundays.com, and then we take those profits, and we put it in for the toy drive coming up because we got a very expensive toy drive
Starting point is 00:26:51 and ten cities coming up. But yeah, check out the moneymundays.com for yourself or for your friends. I think it's a great opportunity for you guys, and I enjoy hosting it because I get to do live Q&A sessions with a lot of our listeners and a lot of our friends. Okay, next topic. So we're not in recession doesn't mean that you don't have to worry about finances I just mean that we're not in recession. So there's a lot of money to be made
Starting point is 00:27:13 Making more money is done by you considering your core job as your main income stream and Finding things that you like or that you're good at or is your hobby to make money from So if Tarzan's hobby or his passion is animals, what are the ways he can make money from that? If your passion is music, can you teach people how to play the flute or the guitar or sing? Can you give a quote, you know, can you teach me how to sing? I need it, right? Like, I know you're right. I'll pay for it. I'll let that sink in for a second. I know you guys heard my voice, right? Like, I know you're right. I'll pay for it. I'll let that sink in for a second. I know you guys heard my voice, right?
Starting point is 00:27:50 Like people will pay for your skills, your passion, or your hobby. So if you can find something you like, whether it's making custom jewelry, you know, how to paint really well, you know, how to teach someone to do something like a, you know, a language of skill, something to do with their schoolwork, et cetera. People will pay you and they will pay you virtually over the phone or in person, there are ways for you to make extra money. So it does not mean to quit your day job. It means that if you know how to buy and sell shoes and flip them or you know how to buy stuff at
Starting point is 00:28:15 like Gary Vee always talks about going to garage sales and buying stuff and selling it, there are ways for you to make an extra 20 bucks a day, 50 bucks a day, 100 bucks a day, 200 bucks a day. Now you might be saying they're like, what I care about making an extra 200 bucks a day for. That's actually double most people's salary in America. If you made an extra 200 bucks a day, that is $6,000 a month. Most people don't make more than three or four random months throughout our whole country. So if you can figure out a side hustle that makes you 50 bucks, 100 bucks, 200 bucks, So if you can figure out a side house, so that makes you $50, $100, $200, custom doing pillows or making some sketches and art or selling, you know, making custom hats, they're just
Starting point is 00:28:52 an endless amount of things that you might like to do or enjoy doing or just good at it as your passion. I've seen people that are just like custom making flower bundles and making like $150 a day, just custom making flower bundles. They don't even own the flower company. They're just doing it. People that are selling other people's products, they're just making money from commissions, right? They're going out there and being what's called an affiliate.
Starting point is 00:29:10 They're an affiliate for a company, a product, a brand or a service. They see someone that they like, like a Tony Robbins or Russell Brunson or us, and they'll go, it's like, hey, I'm gonna offer the moneymindays.com and get a commission. Or I'm gonna go sell Tony Robbins thing and get a commission. Or I'm gonna go sell tickets to the limitless arena events and get a commission. Or I'm gonna go sell Tony Robbins thing and get a commission. Or I'm gonna go sell tickets to the limitless arena events
Starting point is 00:29:27 and get a commission. Like you can go out there and sell other people's stuff if you don't have something you want to sell. Go to someone that you like or a product that you like and try to sell their stuff and get a commission or maybe get a base salary plus commission. Why? Life's not gonna get any less expensive.
Starting point is 00:29:42 It's just not. Once these companies, the government, people, society, know they can charge X, they're not going to go back down. They're not going to lower the price points. And so because of that, and people feel it, and they see it, and that they are able to get away with charging this much money for things, you need to make more money.
Starting point is 00:30:04 You need to be able to save more money. Let's go down the saving money part So making money is obvious because if you're making two grand three grand four grand five grand a month and You're not able to save up enough capital You're not giving yourself a lot of outs to be able to either invest capital or just have room for situations or bad things that happen or just life or be able to travel extra things On the saving money side here's what's important or just have room for situations or bad things that happen or just life or be able to travel extra things. On the saving money side, here's what's important. You need to have a backup. Everything above six months saved of your overhead should be investible capital.
Starting point is 00:30:41 Getting to the six months saved up puts you in one of the top percentages of our country of people in a financially stable environment. Why do I say six months? The six month number, let's say your overhead is three grand a month. And you're currently making five grand a month of your job and your husband or wife or significant other or roommate is making also three, four grand a month. By having money saved up of six months, in case something happens, the world shut down, you lose your job, there's a health scare, or something happens, you've got enough time to be able to cover those situations as if you have no more income come in. The ideal scenario is 12 months. If you can get to 12 months saved up, so let's say you got three grand amount overhead, you can get to
Starting point is 00:31:18 $36,000 saved up, you are in a very safe spot compared to most of society. This is a big deal. Now some of you who are listening might be like, oh, I make 200 grand a year and 100 grand a year. This is the money Monday. So I talk about all this big money stuff. You're gonna have children, you're gonna have friends and employees that are making 2, 3, 4 grand a month.
Starting point is 00:31:37 Talk to them about this. Everything I talk about is not just for you guys. It's for your friends, your family, your followers, your staff. We are here to have blunt discussions about money. This is important for you guys, it's for your friends, your family, your followers, your staff. We are here to have blunt discussions about money. This is important for you guys. Not everything will apply to you obviously because sometimes we talk about 72 million dollar acquisition investments and sometimes we talk about how to make 400 bucks extra because it's important. And so that's what the whole concept of why Tars and I do this is we need to have these blunt discussions. But saving up money is a critical thing to give yourself financial safety and from an emotional perspective your household will feel
Starting point is 00:32:11 safer and more protected if you have some money saved up. You don't have to be a millionaire, you don't have to go save up hundreds of thousand dollars, but you do need to have money saved up to cover overhead in case of an emergency. Tarzan when you grew up, was there people talking about money in your family, your friends, your social circles, was it okay to do it? Was it rude? How did that happen?
Starting point is 00:32:30 How did it feel as you were growing up? Well, luckily I come from a family of hustlers. So, we were always talking about, hey, you gotta get out there and figure it out. But as far as my friends or people around me, nobody's talking about money. It was rude. It was not the right thing to talk about.
Starting point is 00:32:47 You know, everybody was, like I said, hush hush. You know, it was, people didn't want to talk about what they got paid or how they made money or what they made it for it. And if they were, they were probably lying. You know, they were just given, you know, those extravagant numbers. And it's like, your life sounds not matching up
Starting point is 00:33:01 to what you're saying you're doing, you know. And I see you all the time So you're not working, you know, I'm putting two and two together. So yeah, man But again like my family everybody's I wish I had hustle get it in you know, and luckily a lot of my family members and close friends They do what they're passionate about and that's why I you know I kind of get my influence from as well to do exactly what I want to do, because I saw them do what they want to do.
Starting point is 00:33:27 And they may not have been super rich, but they were happy. And they would go to work every day for a match that uncle is in awe, and stuff, do the same thing I saw them do when I was a baby. I was like, man, you're like 60 years old and you're like, you can retire,
Starting point is 00:33:40 but you're actually happy, you don't want you to do. And I saw I love it. And people should do it more. We're gonna go down one more rabbit hole before we wrap up. All right, I like you're actually happy. You don't want you to do. And I love it. I'm gonna do it more. We're gonna go down one more rabbit hole before we wrap up. All right, I hope you guys are sitting down for this one. You are going to live longer than your parents. If you have children, they are gonna definitely outlive you. Here's why.
Starting point is 00:34:00 Our parents, and even when I was growing up, there was no gyms on every corner. There was no whole foods. Organic food didn't exist. Vegan wasn't even a word. None of this stuff was out there for health food, healthy diets, biohacking. That's in the sci-fi movie. Like what does biohacking?
Starting point is 00:34:20 Didn't exist. None of these things existed when we grew up. So if you're listening and you're 35, 40, 45, 55 these things existed when we grew up. So if you're listening and you're 35, 40, 45, 55 years old, when you grew up, you literally didn't have any gyms next to you, and you didn't have any health food stores, and you definitely didn't have any supplements, dietary products, biohacking, mental health, none of the things were a topic, or even on the radar at all. So for our parents, it was much worse. They had even less than what we had growing up
Starting point is 00:34:46 because that definitely wasn't an option. They had McDonald's and grocery stores. That was budget. Nowadays, for people that are 20, 30, 40 years old, you've got gyms everywhere. You have supplement products. You've got first form. You can go get healthy products today.
Starting point is 00:35:04 You can get healthy versions of water, like BLK the like you can get great brands and products and services, you can get ever bull, assi e-boles that didn't exist back in the days, you can, what's an assi e-bole 20 years ago, 30 years ago, didn't exist. So nowadays people have access to information, social media, awareness, websites, mobile apps that can teach you about health and fitness, gyms everywhere, etc. We just didn't have that before. Why does that matter? Especially for your children. Because we used to think that you'd retire at 65 to 75 years old, but most of them would pass away at 77 to 83 years old. So you really only needed money for like seven to 14 years, which was a long time, but it wasn't like that much time.
Starting point is 00:35:51 What if you're listening right now, and I told you you're gonna live to 102, and your kids might live to 110 to 120. And you wanna retire at 65 to 75 years old. You don't wanna work when you're 92 years old, like you're not gonna wanna want to work at 92 right? Wait a minute, if you're going to retire at 65 to 75 and you're going to live to 102, you need to have 27 to 37 years of money saved up.
Starting point is 00:36:19 But that's thinking for a second. You're going to need 27 to 37 years of money saved up. So let's just use a round number like 30 years. If you need 30 years of money saved up so that you don't work after the age of 65 to 75, what is your lifestyle? Let's pick a number. Let's say for you, your husband or wife and your two kids, the kids are only going to be until 18 and they're off on their own. Let's say you want to have a nice lifestyle of eight grand a month. That's a, you're ballin', right? You can have a nice house, you can have a good lifestyle, you guys can be a part of a country club, whatever, like you can live a good life eight grand a month, you're the senior
Starting point is 00:36:55 citizen community, at 82 years old, you're happy, things are good eight grand a month, a lot of money. That's a hundred grand a year. Not counting inflation, not counting special. Let's just keep it at 30 years, 100 grand a year. That's $3 million. You need saved up on the side. You see where I'm about to go with this? What if you live to 105? 108.
Starting point is 00:37:19 Every year is another $100,000, not counting inflation. What about your wife or husband that your hopefully is going to be with right next to you? What about all the other situations that could arise along the way? What if you need some extra money for medical? Something happens. Things happen when you're 91 years old, right? Even on our society where we're going to have like robotic limbs and all the other crazy stuff which we'll save for another episode, I think we can get you new organs and whatever.
Starting point is 00:37:44 Transplant your head. Like all those things that cost money. So you need as a baseline, three million dollars just to live a normal life because you wanted to have this fancy lifestyle eight grand a month. Okay, let's say you can survive in four or five grand a month. You still need 1.5. Still not some small number. And so why am I so blunt? And you can hear it in my voice like why I'm so passionate. You have to make more money and save more money for your family, for yourself, significant other, etc.
Starting point is 00:38:14 Not even counting you supporting your children or paying for their college. I'm just talking about the basics. If you wanna live up four or five grand a month, forever from 65 to 75, tell 100-ish. And again, you can cut my numbers however you want. Say, oh, I'm gonna pass away in 92 still 20 years times a hundred grand or five like the math's still a million dollars two million dollars three million
Starting point is 00:38:34 dollars no matter how you slice it up. It's still there. And so when you think about our society where mostly we'll just don't have that much money saved up I'm gonna be passionate sitting right next to Tarzan for the next few decades, talking about you guys need to make more money and save more money. Your children will need to do even more. Because they're gonna live way longer than all of us. And we're going to technology where it's hyper compounding
Starting point is 00:38:59 and how fast our technology is getting. Like, they're gonna be super humans. They're gonna be so efficient, they're gonna have the most best medical things in the planet, like we didn't have the best medical, there wasn't hospitals everywhere like there is now. There wasn't a different profession of medicine every single block, like you can get anything you want
Starting point is 00:39:20 from like the fanciest doctors in the world and learn from them and do telemedicine now. We didn't have that 10, 20, 30 years ago. So when you just think about the sheer math of the fact that you and your children are gonna live longer, life's gonna go up to you radically, seven and nine percent a year. Hopefully it goes down to anything,
Starting point is 00:39:37 two, three, four, five percent inflation. But for now, I don't see the stopping. When you just think about, again, this is not conspiracy theory. When we were kids, how much was gas? It was one to two dollars a gallon. Now it's three, four, five, six dollars a gallon. So just take out a calculator and look at, okay, that's right. Nine percent a year. Just adds up. If it started that dollar, then it went to two dollars after 10 years, three dollars. Now we're at four, five, six dollars. It's just math. So
Starting point is 00:40:04 none of the stuff I'm like making up or theorizing. It's just how much was gas before? How much is it now? How much was bread before? How much was milk? Like how much of the things that you buy in a normal basis and how much they are now? Especially those damn six dollar muffins Can't stop thinking about them. So you guys have to think about this and Why we want you listening to the money Mondays, why we want you sharing it with your friends, family followers, why we care about this podcast so much. By the way, if you notice, there's no ads.
Starting point is 00:40:29 We're not doing this to make a bunch of money. We're spending a ton of money on this thing because it's an important message for all of you guys out there that we want you to spread it out there. So I want to wrap up with one tires and any last words, but what I just said, spend your time trying to learn how to make money for 30 years or more after you retire.
Starting point is 00:40:48 Please. That is it. You hit the nail on the head, man. Need a hundred grand a year for 30 years. $3 million. And to do that, you're not going to get that from your salary. You're not going to get that from your job. You need the salary and the job to be able to take
Starting point is 00:41:03 some portion of that to invest. So one more quick thing. After you listen to this episode, go to Google and search compound calculator. Compound calculator. If you put in your age, let's say you're listening and you are 35 years old and you put in that you're going to invest six grand a year. Okay. And then every year you're going to try to increase it to 500 bucks more, a thousand bucks more over the course of time. So let's say you're going to average around 10 grand a year over the course of your retirement age. Let's say it's 40 years. So you're 35, you're going to retire at 75 and you're going to contribute 10 grand a year. Seems doable, right? You're making 40, 50, 60, 70 grand a year. You're like,
Starting point is 00:41:41 I'm going to contribute 10 grand a year and I'm going going to put in I'm going to make 8% a year from my investments. That's going to be your average. Let's say some of it's 4% like a, you know, like a fund, and you're going to make 11 or 12% on something that you found out there, like the S&P 500, by the way, the S&P 500 over the last 92 years has averaged 11% a year return, even with all the ups and downs. So let's say you invest in S&P 500, and you're going to average out only 8% here, which is still a great number. So you're putting in 10 grand a year, you're going to make 8% a year and you're going to do it for 40 years. So when you are 75, how much you think is going to be waiting for you at the end of the rainbow? Whatever number you think it's more because most people are like, oh, if I put 10 grand a year for 40 years, I'm going to four five hundred six hundred thousand dollars and you're gonna have between two and four million dollars waiting for you. You know what the number between two and four
Starting point is 00:42:34 million is exactly what you need to survive for 30 years after you retire. So go get a compound calculator, start making more money, have these discussions with your friends, family, and followers, share the money Monday, and we'll see you guys next Monday.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.