Trading Secrets - 16: The MONEY behind Matchmaking with the Millionaire Matchmaker, Patti Stanger
Episode Date: August 30, 2021The Millionaire Matchmaker, Patti Stanger, opens the vault and explains the money and madness behind Matchmaking. Patti is a well known businesswomen, producer and star of her own matchmaking realit...y tv series. She details her road map and divulges all of the information centered around her career, creative and craziness of the television and matchmaking world. From online dating to divorces to prenups to marriages, she covers it and much more! For All Access Content - join our networking group for less than 30 cents a day! Host: Jason Tartick Voice of Viewer: David Arduin Executive Producer: Evan Sahr Produced by Dear Media.
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The following podcast is a Dear Media production.
Welcome back to another episode of Trading Secrets.
Today we are discussing all things money.
We are going into dating in relationships with the best person equipped to do both of those,
the millionaire matchmaker herself, Patty Stanger.
Hattie, I am so wildly intrigued by your work, and on top of it, my Jewish mother is obsessed with you.
But you're Jewish?
I am, uh, I'm like, I'm, uh, I'm like, you know, that.
Well, if we go to Israel, I'm Jewish because my mother's Jewish and my father's Catholic.
Okay, okay, there you go.
I'm Shabbat Shabalam.
Okay.
I'm the opposite.
I'm Jewish, but I was adopted and my mother was Catholic.
Oh, amazing.
And did so have you been out to Israel?
Did you do birthright?
Anything like that?
Yes.
I did.
When we, when I was,
I'm older than you.
When I was in my 20s, there was no birth rate.
So I saved all my money and I went to Israel for two weeks on my own in the summer
and did the whole feel.
Ended up in a lot with all the hotties.
Just want to haul.
My mother made me throw him back.
Like, no, no, you're not marrying this one, you know.
Israel is, I mean, just like you just said, first of all, the people, there are some
damn good looking people.
Oh, my God.
They look nothing like Ashkenazi Jews in New York.
Think of all the Asian stars that are Jewish.
Think of Gal Gaddad.
Like, hello.
Yeah.
And if you got like Tel Aviv,
you have this picture of what that would be.
Like,
Tel Aviv is like freaking Miami,
like beautiful beaches and water and partying.
It's unbelievable.
And then you go to old Jerusalem
and it's like the most historic place
literally in the planet.
Everyone needs to go to Israel.
If that's one takeaway from this episode.
The food is amazing.
The food was amazing.
I like Mediterranean food.
So I'm like,
I love those Israeli breakfast.
You know?
Like,
honest,
Promise, right?
Oh, give it to me.
Humble.
And the other thing, and before we get into the crux and the meat of this conversation,
one thing I was blown away is kind of a life learning lesson for me is when we went there
to Israel, we were right outside that we went to visit to Iron Dome.
Iron Dome is technology that was invented by Israel that's been adopted by the United States.
Long story short, Gaza was launching missiles in.
So they created this technology to detonate a missile that would GPS find that missile and then
detonate it from coming into Israel.
So it's technology we adopted.
I talked to this girl. She was 16 years old, living in literally probably like a 10 by 10 foot
iron cell. And just beautiful girl. And I go up to her and I said, like, I just got to ask you a
question. I'm like, I'm sure as a kid, you have these dreams of like what you're going to do
with your career and what it's going to look like. Did you ever imagine at 16 you're sitting here
like working as someone that's in the army for the country defending and living in these quarters?
And she looked back at me and she said to me, she said, I never thought about it like that. But for me,
what motivates me, if I'm here working on this field, knowing that what I'm doing is putting
my family and friends in a better safe spot, I know the work I'm doing is right, and that's
where I should be. And I was so blown away by the maturity and how different, like, you know,
our youth is, you know, 16 years old. We got kids ripping TikToks for millions of dollars.
I can't believe you're Jewish and no wonder I like you. That's probably why, because I said,
and we were talking before we started the show, what an amazing experience was.
watching Caitlin win the, when the globe, whatever they give you.
And then you and your best friend jumping out of your seats.
I watched it like three times.
I was like, that is an amazing boyfriend.
That is the fact where every girl wants.
That is sweet.
When Kristen Cavalieri, I'll tell you a quick story.
When Kristen Cavalieri was dancing, they broke up her and Jay because Jay didn't want her to
do it.
And he wasn't that supportive.
But then he eventually sat in the chair, but it wasn't like you where you're like,
go girl, go girl.
Like it was really exciting.
For me, like she was living her dream.
And on top of it, I saw the work she put in seven hours of freaking day coming back, beat up.
And for it to all work out through the roller coaster.
Back to back.
I don't think there will be never a slot that they don't have a bachelorette or a bachelor person, male, female from the show again.
Because now they know that's the sweet spot.
That show, like, he took that show up to the next level.
There you go.
Caitlin B. and Hannah B.
Patty's a fan of years.
And it was a cool run.
But I want to get into, Patty, your life, your role.
I think it's amazing.
The work you do, I'm fascinated.
We were preparing for this.
And I was like, I was looking up YouTube videos and doing it all for each.
I'm like, this shit is crazy.
And so I first want to talk about like the application process.
Like as a guy that's, you know, in finance and money, I'm curious.
Like for someone to be in Millionaire's Club, I see that you have over 100,000 members.
Like, how does it work?
Like, how does the application process work?
And even as far as like, how do you know?
that someone is a genuine millionaire.
And how do you guys define millionaire?
First of all,
anybody can join whether you're a millionaire or not millionaire.
The millionaires pay me
because they get as many dates as they want
for about 14 months.
The non-millionaires are registering,
but they're not guaranteed a date.
And that's why it's free.
So we do everything from straight dating to gay dating,
pansexual, a fluid,
just trying to get into trans.
I'm working on that diligently.
different kind of specialty.
I'm going to hire probably somebody who knows what.
When I get my first client, then I'm going to hire somebody who knows that area so that I don't think that I know better than them.
But we serve us all around the world.
We're a global company.
We're not just in the United States.
Everybody thinks, oh, we're just here in L.A. or New York or Miami, whatever.
No, we're actually global.
And the men come in, and then we check them at.
And I have a secret system for checking people out money.
Are they nice to women?
Are they nice to men?
Like, you know, there's millionaireses too.
And if they're not, and they're not for me, we have an referral program, which we, like
an affiliate program, which we refer out to our affiliate matchmakers that we work with at
the Matchmakers Institute.
But most times I take them on, and I know whether who's rich or not.
Look, if you go to drinks with someone pre-COVID and they're bragging that they just sold their
company for $400 million and then they're going, they're asking me to pay the check, like they don't
that money, okay?
We just don't
look at how people's manners are
or they're super cheap.
They might be like the Warren Buffett who doesn't want to get
divorced because it costs them too much money.
You know what I mean? And I'm really
careful about who I bring in the club.
I don't have gold diggers. They sign
paperwork that says that they can't hunt
and fish for gold.
If they do, they'll get to run of the club. But most
men lead with their money. So it's their
fault. Like in other words,
I don't lead with your trips and your expensive jewelry
and all this shit, then it's their fault.
It's not my fault.
I don't tell them to do it.
But that's something that's like very curious to me.
And I know that most millionaires, if you look it up and do the research,
usually drive a Ford F150 or a Toyota Corolla.
Actually, the opposite of some of the things you just described there.
Yes.
So ambiguous car, the Prius, or now you know that Elon Musk's cars are not cheap
because you have to pay for it outright, right?
Now I'm sure they're financing and whatnot.
But like back in the day, it was the Prius because you could be green
and be rich, but you could be poor and be cool.
So it was the ambiguous car.
But now we have Kia and all these other companies coming out with the electric car.
So there'll be a whole different world.
I got a question for you.
How much money, how much money do I need to be worth?
How much money do I need to make to get guaranteed to get to get guaranteed dates?
Well, you're not bad looking.
So I think you would get dates regardless.
You're very handsome.
And number two, I like guys, like they're,
there are trust fund kits who make, like, who maybe left home with $500,000 or $2.50,
and they put in the bank and they watch it multiply.
I'm sure Jason can teach you how to make money.
Okay.
But the bottom line is most of our millioners have million dollars in some form of equity.
Like, you know, whether it's, you know, in the bank, in investments, owns a house or under the mattress.
So you make them prove that through statements and stuff.
No, we have a system that we prove.
First of all, our money, we're not the most expensive matchmaker.
but my prices are not cheap.
We get wire transfers and there are no credit cards.
You get the money up front.
And the reason is because back in the day,
at great expectations, when I ran that company,
people would use their credit card, get one date,
marry the person, then charge back to American Express or Visa and say,
you know what, I only got one date because it's unlimited dating.
So it would go back and forth.
And if you were in Amex court,
Amex would take the side of the cardholder.
So we have self-protection on her side that the money's paid to us off.
front like a country club in that respect yeah and i have a question this is something that just
completely intrigues me some of these people you talk about have found just exorbitant success so obviously
they have certain skill sets that they're able to drive success and it's fascinating i you hear about
some of these stories in the news and these people that are doing things that are just completely
disgusting and i'm just and i don't want to even go near that but what i'm curious about is the people that
you meet that are that are brilliant some of the smartest people in the world what is it why is it
that they're so channeled in one way but they can't form a relationship with someone okay so let's look at
you you're really handsome you got it going on you went on the bachelor at right yeah and like you
were you have no fear of being on television and being in the media and getting the great girl like
i heard the story about kaitland where she was dating the other guy the other guy the loser guy
I didn't like him.
And then you saw her and went, yeah, she's it.
And you went after and she's like, whoa, I just got to have a relationship.
I can't handle this right now.
So you have like no fear in game in love.
Obviously, Mother Waste, you're right.
Okay.
And you have a good foundation in love.
These kids, 90% of them, the tech nerds, the, you know, the Zuckerbergs of the world.
Sure.
They didn't get love in high school.
They didn't get love in junior high.
They didn't get that cheerleader.
And they think if they make money, that gets them to the golden pond, to the universe.
You know, they're going to get the unicorn because they made money.
So they're striving to make money.
So they think that's the next level to get to love.
Not like I can love and money will come later.
You understand?
Interesting.
If you see the first scene of social network, he's pissed off the girls like,
dude, I don't want you.
You're an asshole.
And then he's like, I'm going to burn her by making Facebook,
which is I read the women.
And that's because I'm so angry.
We call those nasty nerds.
Okay.
Nasty nerds.
There's thousands, millions of them.
Everybody thinks you take a nerd home.
A cock girl goes, well, I'm so beaten up by the bad boy, the good-looking bad boy.
I'm going to take a hot nerd home with me who makes money, like a tech nerd.
I'm going to trim him up, take him on a trip to Barney's, readdrew his wardrobe, you know, and I'll make him a man.
And then he snaps on her and bites her like a dog would bite its owner, like a, you know, a pit bull.
And she's like, where did that come from?
because he was always nasty from the beginning
because he was resentful.
He never got the girl in high school.
So you think a lot of these things
stem from our childhood
and the way we're tough.
Your friend is shaking his head right now.
He's going asses.
I know those guys, right?
You know those guys.
The bitter, we call them bitter bills.
It's a tale as oldest time, though.
I mean, that's fascinating to hear it like that
and related to something we've seen
in social network.
I think that's fascinating.
Okay.
Good story is Bill Gates and Steve Jobs.
Steve Jobs got every girl he ever looked at,
even though he was nasty to.
his first girlfriend who had the baby with Lisa.
Okay, that's a whole other.
That's a psychological thing because he's adopted and angry and angry at the world.
But Bill Gates couldn't get checks.
They both drop out of college.
They both go to computer fares.
Nobody looks at Bill.
Yet Bill's the real genius in the whole world.
Sure.
Right?
I mean, he's giving 50% of his money away.
So he meets a girl at work.
He says, let's set up a date.
She's like, I'm going out of town.
He says, that's okay.
we'll still set at the date.
This is what a nerd would do.
So he goes,
we're going to go to a movie
in two different cities.
At the end of the movie,
we're going to come back
and have our date and discuss the movie.
She goes to one movie theater.
He goes to another.
They end up talking,
I mean, can you imagine
what sex is like with Bill Gates?
They're a virtual movie.
And they end up getting married.
Okay?
That's his wife.
That's a true story about his wife.
Because he didn't know how to be,
you know, the guy like you who has game.
He had no game.
He didn't have to coach him.
So I coach these guys where it's like a one-stop shot process.
Not only you're going to get the girl, but you're going to, you're going to close her.
I'm the closer.
Would you attribute the same?
Obviously we're talking about like a nerdy, techie millionaires.
You get Steve Job and Bill Gates.
Let's take the other side of the spectrum.
Let's take a Tiger Woods, who is the best athlete in the world at one point.
That is, that's a, look, that is a pussy magnet.
Okay?
That is a guy, no matter what you do, women are going to throw themselves because they're in sports.
So all the NBA players, all the football players, why do you think all the football players go through
their money so fast? Some chick is like, claw woman on them. And they don't have to handle their
money. But that is a, that is a good looking guy, dresses nice, plays golf in a very VIP sport.
Who would want to date? But do you think he had the same thing? Like growing up, he couldn't,
he was a nerd. He was a nerd. He didn't get girls. He couldn't talk to girls. Sports guys don't
have to say two words and women are just going to throw themselves. They're swimmers, there's
golfers, there's tennis players, they're all the same. So with all these millionaires that you work
with, if there is one common lesson that you have to teach them that is separating their brains
from their hearts when it comes to finding a relationship, what is the number one gap with these
people in general that you're instilling on them? That they're enough. And this goes for everybody
in the whole wide world, that they're enough. That they don't have to buy, do, take me, Gucci,
Fendi Prada, that they're enough.
It's, it's, look, I tell them the three Cs, no credit card, no condo, no cash.
Leave those at the door.
You can buy our piece of jewelry, you can take her on a vacation, but the minute you start
doing these things and you're not engaged and you're not living with her, okay, you create
a monster.
So you're telling me, some of these guys are.
Don't lead with your fucking money.
Lead with your heart.
Wait, these guys, because this is a world I don't know about.
These guys are literally buying girlfriends and just whatever.
condos. Condos. Cows. Cows. Cards. Cards. Cache. You name it. There's a whole industry. Sugar
Baby.com. Sticking arrangement. It's a whole. It's a whole. It's a whole. And we don't take those guys.
Let me tell you something. We don't have the guys that do the arrangement. I'm not going to jail for anybody. I'm not
Heidi Fleiss. This is never happening. I'm the relationship-minded business. I get you a relationship or
marriage. You don't have to get married. You can get in a relationship. But I'm going to give you love.
So you never have to look for love again.
I tell the guys to go to Vegas.
How much money you spend in a week in a Vegas?
Well, go, I know, $150,000.
You know, like, that's what they do.
They roll the dice.
They get in these big rooms.
They play poker.
And I go, what if you paid me that money?
And you never had to look for love again.
I would save you a lot of money because you'd probably be nesting at home,
pizza, jacuzzi, watching Netflix and getting a little late.
Wouldn't that be great?
There's gaps in every single business.
And this is one of them.
So let's actually get into this, Patty.
So how did you start, I mean, that's a great segue to the money that's in this world, clearly a demographic where they're willing to throw that kind of money to solve those problems. How did you get into this business? My mom was a matchmaker and so was my grandmother. My grandmother got my mom married. They got divorced. She was like Mrs. Maisel in 1960 something. And she was like, what am I going to do next? I dropped out of college. I don't have me money. And my grandmother's like, you better get married again. And she married the millionaire, my father. And then he went.
in a roller coaster ride with his money. He was up and down. He was an alcoholic. We never knew
if the lights were being turned off. I lived in Short Hills, New Jersey. I lived in a very wealthy
neighborhood. And so I learned early to make my own money. So the number one rule I teach my
girls is you better have your own money because you don't know if he's going to become a made-off
or run-off with it. Okay. And then I was like, what's going to make this person want love is the
fact that they have all this money and they've no one to share it with? Well, what if there was a
broker that could do that. So everybody told me I was crazy because I come from a matchmaking background
and I did run great expectations, the largest dating service. And it was the time when millioners
were on L.A. streets on every street corner. Tech was blowing up. You know, Clinton was president.
It was the land of the gold rush. And I said, I'm going to just service them privately, discreetly.
Nobody's going to know their business. There were no apps. There was just matchmaker, match.com,
and J.Date. And I had come from that world.
of like one-on-one personal touch.
So it was that kind of thing that I was going to do.
And then I started doing it.
Marie-Clair came along.
They wanted to do a story on me.
It blew up.
All the networks started calling and the rest is written.
But I will tell you this.
I had a lot of hard times getting that reality show.
I went up and down like a roller coaster.
It was not like that many shows on television.
There were no streamers.
And I think it was only Survivor was on the air at the time.
So I was under contract with ABC first.
There was a lot of shit through.
So you have the business. You establish the business. It's wildly intriguing. You then reach out to networks. You do land a network. Yeah. Tell me a little bit about the first show you landed. And then what I'm also curious about because I know that you went from Bravo to the W.E network. Tell me about the power of TV, how that influence your business. And then I'd like to get in the discussion about the network exchange, the leverage negotiation. I'll tell you a quick story that you're going to laugh. So the article blows up. And ICM is my agency.
at the time. Now, I meant WME and I used to be an endeavor. And this is going to relate to you.
And telepictures calls. And they said, we want to do a show with you as the host. Can you come up with
anything? And I walk into the meeting with my assistant and the agents don't show up. They just don't
show up. And I give them the pitch. And the pitch is, let's see if you know what the show is.
A multimillionaire lives in Beverly Park. We had a client who was going to do this. He owned a helicopter
repaired and a huge guest house about 10,000 square feet plus his house was 50,000 square feet.
He wanted to get married. He was 40 and he wanted to date several women. And the show goes like 25
women live in the guest house and one bachelor. And it's called the millionaire. Is this Joe
millionaire? No, this is your show. This is millionaire. And Brooke was at the helm. Brook was at the helm. You know who Brooke is at the helm. And my agent
gets a bad offer, like 100 grand
and a lockout. There was no Chris Harrison
at the time. And he goes, no.
And it's Christmas time. And I'm like, what are you talking
about? No. Are you insane?
No, you need to say yes.
We'll worry about the next show. Because I went to film
school. I always know it's about the NX product.
You know, knock down drag out of fight.
And Brooke needs to make
the deal and it's a timely thing
and they're ready to do it. And la, la, la, la,
because it's based on my mixer. My mixer's
based on Cinderella at the ball.
Okay, that's what it is.
And so that's what my mixer is.
My mom did mixers back in the 60s.
That's where it comes from.
And she's like, you need a new agent.
We have to go in a new direction.
They went to Mike Fleiss,
who wants to marry a millionaire,
and the rest was written.
Now, nobody in Hollywood believe this story.
One day I'm with Howie Mandel,
my agent, an MTV in the lobby,
and a bunch of other people,
my executive producer, Brooke walks down
and she goes,
did you know that Patty created The Bachelor?
I never did anything to him
because I love Rob Mills.
I would never hurt Rob Mills in a million years.
like he is my god he's one of my favorite people in television he is a beauty but you literally
created the bachelor was based on my mixer and the gut in me said that's okay i actually casted it
the first three years there was a mixer with there was a bachelor with two millionaires my girl alma
who was one of my girls hated both the guys she's the first one to reject the rose and walk out
okay let's call me on the back channel with one of the producers phones and she's like i hate it here
get me out of here.
And I'm like, just go into Rose ceremony and say, you don't want to be there anymore.
She's like, can I do that?
Can I do that?
Yes, Chris story.
Then Chris and I become friends.
I fix up Chris before he met his girlfriend.
We become friends.
We did a lot of events together.
And he's like, we need to get you on.
So I meet with Rob Mills and we hit it off.
And then I never met Mike Fleiss.
And that's the only reason I've done your after show.
So I've always said, I need to go on The Bachelor.
Like I always wanted to be on Paradise.
Oh, Paradise is my favorite.
That's my favorite out of all of them.
What would it cost the franchise to get you to go on Paradise?
I would do anything to go on Paris.
So you'd go for free?
I don't know about that, but it wouldn't be expensive to ABC.
I'd be reasonable.
But I mean like when Corinne was in the water with DeMarco,
I was like, if I was there, I would have pulled them out and going,
what the fuck is going on, like a millionaire matchmaker moment?
And then what would have happened is they wouldn't have shut down
because then I would have got them to come to Jesus.
No producer would have been able to invade that space,
because I wouldn't let it.
I'm blown away.
I'm blown away.
I'm blown away.
One, do you have,
you could be a producer too.
I'm depressed.
I go off and, you know, sheep and I go in the corner and I'm like, well, that's it.
My days of television are over.
It's done.
And I get a call from Brooke saying, you need an agent.
She introduces me to someone through someone else.
Michael Brooke, this guy who ran the WB, he gets me my agent Lance Klein, who's the Kardashians agent.
He's like under, I meet Ari and Ari, sweeping the floors.
Lance. I like to tell that straight because I was like, Lance was sweeping the floors when I
made him. And then he's, and then we get a call from ABC that we want to do Millionaire
Matchmaker in ABC. Everybody got fired there. I was on a holding contract for you. I'm like,
again, I'm not getting a show. So it's like everybody, pay attention, guys, because nothing always
goes smoothly. You know this from TV. So it goes, so I go, Dan, I'm screwed. I'm screwed. Then Simon Cowell
calls me. I want to produce you. And then he gets sued by American events.
center and that goes south. Then Ryan Sechrist goes, I want to produce you. And then he doesn't get the
$20 million deal at E yet. That was his big break. And then I got a call from, I had done a little
sizzle called self-made with Taxi Cap Confessions guy. And they go, you know, we sent it over to E.
And Lance goes, you can't send it to anyone else. And they send it to Bravo. And Amy and Corey,
Corey runs oxygen. Amy and Francis, Francis is the president, see me and go, we want her. And I had to
leave Ryan, because I never signed anything. I felt so guilty. He didn't talk to me for a really
long time. And he always tried to find the replacement to me, another show like me. But I love
you, Ryan. You know that I love. How do you? Did he find one? I love Simon too. And so I get my
break. And it takes like a year after the pilot to test to see if this thing is going to go.
You have to remember, Bravo only had blowout. They just had done Orange County. Jeff and I were
at the same time, Lewis. There was only survivor on the year. And the Bachelor,
was just coming up.
So it wasn't a time of a lot of shows.
You couldn't say, I'm going to be like her
and I'm going to be like this one.
There was no TikTok, YouTube, Instagram, IT TV.
None of this clubhouse, none of this shit was going on.
Twitter, they're even around.
I don't think Twitter was around.
Maybe BySpace.
Yeah, you know what?
Or Napster.
I think it was Napster.
And it was like, you know, I got the, I remember my executive producer saying to me,
get ready to be famous.
I'm like, famous.
Fuck that.
I'm just here for the money to blow my,
It's an infomercial.
I know how I do what was going to happen.
And so what, tell me about the power of TV once you landed that.
How did your life change?
How did your business change?
It was good and bad.
It started out great.
And then because I screamed at people,
they thought I was going to scream on my real business.
But you know and I know we have TV personas and then we have real personas.
And you know when you get a producer note what you have to do.
I can't even watch reality more because I'm like producer not.
That's real.
That's fake.
That's real.
Just pick it apart.
it's like people who watch scripted TV
you know we're in scripted television they pick it all apart
so but I still watch the fucking Bachelor
and I still feel bad when they cry in the car
I don't know what it is
but you know that they're they've been drunk
with no food no sleep skinny
and they're dying after two weeks
they're like get me to the place where there's food
you know because it's so hard
I didn't cry I told
I went ham when I went back to my room
I went nuts but the whole time because
producers are good right they're like
I'm so, dude, I'm sorry.
I didn't see it coming.
You think you're talking of your mom.
Oh, God.
They didn't get you.
Tell us how you feel.
We are so sorry.
And then like you never hear from them again after the show's over.
Like, you know, they're my best friend and then they're gone.
But that's, you know, there's money.
We're talking about money, right?
There's a lot of money behind ratings and ratings are driven by a lot of emotional changes.
What about you when you changed the network?
What was that about?
I mean, was that a money play?
It was a huge money thing.
We started out very low.
we grew up grow over time you know look at bethany she made a fucking
oh my god i mean like we were friends and i used to make a drink similar to that so
she would look at me and she made me test all her her drinks to see which one was the best
one at her book signing i'm a futurist but i need but unlike the person like doesn't make
the biggest money in the room because i'm very spiritual i'm very metaphysical so i'm always
trying to help people and the only reason i left is because of contract negotiations i own
the trademark to millionaire matchmaker so we had a little impasse by the time
they came back, I had taken
a deal at Wee because I was friends with the
president of Wee, Mark Juris.
You know, okay, so I'll give me an example. Ashley was on my
show. This is good thing. So Ashley's on
my show on We.
Crying her eyes out. Not Ashley.
And my show owner's like, I've had
enough of her. You need to set her fucking straight.
She screams in the room. I feel like I'm being
produced. She's going to kill me for telling the story.
And then Spike my showiner, who's like
my best friend in the show, he comes over. He's like,
I swear to
I have an earpiece
in my ear
I swear to
fucking God
you're gonna
check her
so I said
here's
what we're
going to do
give me
your phone
and I read
with Jared's
writing
and I go
listen
he likes you
no no
he doesn't
want me
he doesn't want me
and I'm going
listen to
no guy
is going to tell
you not to do
the show
if he's not
interested
you're an idiot
okay
we're going to
make him
jealous
I pick the
hottest guy
he kind of
look like you
he's very
handsome
I cut his hair
a little bit
she's like
I don't want him
I'm like
Play the game, you fucking idiot.
Okay, play that fucking game.
Doesn't play the game.
It ends up bad.
She doesn't want the guy.
La, la, la.
She goes off.
She meets Kevin.
They have a little, I don't know if she left her virginity with Kevin.
I'm not sure about that one.
And so they go off to winter games.
Everything's great.
And then she's getting into her work.
She's making money for the first time.
She doesn't have to go back to the secretarial job or whatever she did.
And he sees her.
I've talked to Jared about this.
He sees her in a whole different life.
And then he realizes he's lost her because she's with Kevin.
So they're all going off him and Nick to some vacation and some island.
And Kevin can't go because he's a firefighter in Canada or whatever.
Can't go.
So he said, oh, here's my chance.
And he kisses her at the airport.
And I asked, why did you like her then where all those years she liked you?
And she said, because for once she let go of me and I realized I'd lose her.
Wow.
And that's the power of a teaching moment, which says you got to get busy with your own shit.
And if the guy's meant to be your guy, he will show fucking up.
Independent cells.
And the reverse of that, when I was trying to break the friend zone with Caitlin,
the way I actually broke the friend zone is I got asked out by a girl who was like known
in the TV space.
And I took a picture of her.
I said, you know, Kay and I were like best friend like boys now talking about this.
So I sent a picture.
I'm like, I just got asked out on this day.
What do you think?
You know, should I go on it?
And she starts chirping like, come on, you could do better than that.
And I could tell she's getting all fired up.
I'm like right there.
Those walls started coming down.
But, Patty, one thing I want to ask you.
I didn't know that.
That was exciting.
Oh, yeah.
I was using your tactics before I even knew, met, and learned from you.
You got to tell you, baby.
You got the Jew and you.
Look at it.
You wish that like the best husbands.
Let's not forget.
There you go.
David and I, I think we have a new task.
We're going to set Pat.
We're going to do a matchmaking session with Patty.
And then if it happens.
I want to come back.
Yeah.
And if it works, though, ready for this angle, Patty?
Because we're money guys.
If it works, we might have to charge you the same price as you charge everyone else.
What do you think?
We can cut it.
I'll fix up your friends.
Just tell me.
I love it.
I got a question about teeth.
So for anybody that doesn't know, they might hear you change networks.
They're like, wow, what a badass story.
Entrepreneur found a way to work with the people that you took a risk.
You took a risk.
But what is, and if this, if I'm overstepping my boundary, just telling me to shut up because I could deal with it.
But like in a TV contract, what are TV, like how much do TV contracts get paid?
They like 10,000, 100,000, millions.
Like, how does that work?
I don't remember the going rate, I think, to get, not me, but going, because I was the star of my
show. Remember, if you're doing an ensemble show, they have to pay you X amount of dollars
and they have five or six other people like a housewife show. It can be like four to eight
grand depending what it is, you know, and how many shows. Because you remember, they have a lot
more episodes than I do. I have like the most I think I ever had was 15. I think it started at eight,
it went to 10. It grew over the years as the ratings go up. But if you're in a Hill situation,
MTV had serious deep pockets with Lauren Conrad. She was making over 100 grand. I think Tori was
to it depends who you are and what your star value is. And then your Q score because they test
your Q score. What's a Q score? Cue score is like who in the world in the Nielsen knows who you are
and are they paying attention and not changing their channel at the quarter hours. They want you to
stay. But things have changed because we're in Streamerville now. So like in Netflix, you would never
get the ratings that a selling sunset would get or a Bling Empire would get on Bravo because it goes up
on one network at the same time.
There's no back end where it goes up in the United States,
then it goes up in Australia, then it goes up in the U.K.
And the best thing you can do is learn the business.
I got really lucky.
And most of the money's made, honestly,
like the real money's made after the show anyway
and doing all this other stuff.
When my book came out, I wanted a snipe
where I was walking in the bottom of the screen.
So I gave Bravo 10% of my book so that they would promote the book.
Brilliant.
And Bethany six.
And she actually got, you know, made a 14.
off the skinny girl, but she didn't do, I actually went to them and said, I want you to promote this.
I'll give you money off of my book, and that's what I did. So you can bring integration in
as far as the advertising department doesn't get upset. It's not competitive to a sponsor. And you can
say, I brought in 1,800 flowers, I bought in incense, I've bought a tycoon, I brought my wine in.
You know, they have to give permission. They have to do their research. But, you know, you're bringing
them money. They're going to love you. So, Patty, those are some really solid tips for business
contracts. And those are tips that I'm going to take to the bank. And I'm in the process of writing a
divorce. Yeah. So I'm actually writing a book now. So I'm going to get your brain on how to market that
here. I'll give you a little shout out, testimony. Oh, that's amazing. But I do want to hear about
the divorce process. And so what your thoughts on pre-nums are? There's nobody bigger in the business
than Laura Wasser. So you want to get at your knee and pay attention to her playbook. She has a
website for people who are not rich that want to get divorced, Laura Wasser.
She is the biggest divorce lawyer in the world.
There's nobody bigger, better.
Okay.
So she starts her on the street.
She lives by her own principles.
I love her to death.
And pre-nop, whether you're rich or poor.
So let me explain why.
You bring the flat-screen TV in.
She brings the armor that's been in the family for a thousand years, right?
When you break up, you might bitch and say, I want that armor.
And she might say, I want that flat-screen TV.
If you have a pre-up prior to that, even though you're not rich, you can have a property
pre-up that's a property pre-up.
says, I get this, you get that. I get the car. You, you know, you get the dishwasher. It doesn't
matter. And the problem is most people do not put it on paper because it's not romantic.
Well, finally, it could be really unhappy when you get divorced. And divorce with divorce rate
right now is what, like 50%? Actually, through the roof because of COVID. They were calling their
attorneys on speed dial realizing, I don't know if I'm going to spend the rest of my life with
this person. I mean, 24-7. Now that I'm actually forced to hang out with them, I don't want to
spend the rest of my life.
Exactly.
The other thing is children come in and there's complications.
Who gets custody?
You know, most guys want 50-50 nests.
They don't have to spend money.
But then again, they don't really want to babysit their kids.
You know, I'm going to work.
And the woman's like, I'm going to work too.
Fuck you.
So they're doing this co-nesting thing.
Have you heard about this?
I haven't heard of the co-nesting.
Talk to me more for the upscale individual.
Okay.
At the house, they grew the kids up and they leave the kids in the house.
So the kids don't move.
then they have a condo down the street
or apartment down the street
and each one takes turns
every other week living in the apartment
but the kids remain in the house
so their routine is not disrupted
how fucking affected is that
I cover much of the worst family
I'm like we my father I saw every other Sunday
that is wild
so the people that can't call you
and I see someone like I saw one
tell me if this is true
some people will pay up to $10,000 for a lunch
with Patty what is it first of all is that true
Secondly, when people are paying this kind of money for all the skills and advice that you're giving,
are there like guarantees with this? Or how does that work?
If it's love advice, I'm going to give them the best stuff.
I had, the last time I did a lunch, I did a couple.
And they were on the brink of divorce.
And I made them remember what it was like to love each other.
She hit it, you know, they went home, they had sex.
They called me and they said, you know, we're not getting divorced anymore.
And I go, because they forgot connection.
They stopped criticizing.
They were real criticizers of each other.
And both of them have mothers that criticize them.
So they weren't.
That's where your money goes well better served than $150,000 in Vegas.
Right.
Exactly.
Like the other day I did Clubhouse.
Clubhouse was great.
Rank the social media forums top down for me.
I'm obsessed with Twitter.
I know Twitter is going to be really gold when they go audio like Clubhouse,
which is going to happen.
Watch the stock on Twitter.
So I thought I always kept Twitter.
I didn't cancel my account.
I have a half a million on there.
And do you think Clubhouse will be the future?
Do you think Twitter's angle will take over?
All audio is the future.
So what you're doing right now is really the future.
Even though you're videoing it,
you stood up all sides of the street and YouTube can take it up.
I mean, YouTube is my therapy.
So like we're like Twitter's road rage, YouTube is my therapy.
So I love YouTube.
When I'm depressed or I want to learn something, I go to YouTube.
That's like my God.
I will probably at some point do a YouTube channel at some point.
When we were under contract,
I was under contract last year for T&T to do a new show, which was needed.
And unfortunately, we weren't pre-pro.
The week we got shut down.
And then I lost it because everyone got fired there.
I was with Scout who did Queer Eye for the Straight Guy.
So it was kind of like I had a great team, but it didn't work out.
So now I'm looking for my next show.
But I was under contract for years.
So I haven't been able to do YouTube because I've always been contracted to the network.
And that's kind of competitive, right?
Yeah, of course.
I'm not contracted to anybody.
So you can do what I want.
I think audio is the future.
I think you guys are on the right road.
I think one of the reasons is,
is because Paris Hilton just got a platform
and IHeart Radio, producing a lot of people.
They know that audio is the future.
Your car talks to you, your refrigerator talks to you,
your house talks to you, Siri talks to you, Alexa.
It's the future.
It's a future too, because to your point,
when we live in a world where speed is like,
it's moving by the second.
Everything is becoming faster.
Change is the only consistent.
And when it's audio, to your point,
you can multitask.
You can drive and listen.
You could work out and listen.
You could be sitting in your underwear in your bed,
having a glass of wine and still be able to participate
at the same full effect if you were wearing a freaking blazer
in the middle of a video doing that.
And, you know, I think you're right with that.
Audio is the play.
I'm curious, Patty, from your angle,
obviously a very successful visionary and entrepreneur and woman.
I've heard two big words today.
And the two big words have been love and money.
And then the whole process of bridging the gap.
For you, you know, let me ask you,
What drives you?
What do you love more?
Are you more of a love person or a money person?
I'm a love person, but I do like money, but I'm a love person.
I used to only date men who are hot that didn't have money.
So I took the COVID experience of internally working on myself and I didn't date.
I didn't, you know, hunt.
I actually said, I'm going to take this time to really work on me.
And then I realized I had a disconnect.
So when I was a child, my dad lost a lot of money.
He made bad business decisions.
He was very well made that.
And one day, we were rich in the next day, we were poor.
It was very unsettling.
And he pointed to me in the alcoholic stage, he was in said, you made me lose my money,
and I was 11.
I took it in.
So you take in statements that your parents have basically mantra to you, and you believe
they're real.
Subconsciously, I find that tall, had some guy, he's athletic, kind of a simple dude,
didn't make a lot of money, and I would have to support him.
And eventually, I got sick.
my adrenals crashed i got hashimoto's which is a thyroid disease and i went where is this
coming from because every disease comes from the mind okay did you get that the mind is the
stressor to disease what you feel and think okay well eventually if you get depressed and stressed
enough will turn into a disease so i said oh my god i have been dating people that i've been
rescuing no good comes from rescuing by the way and i'm exhausted dogs i think of that
Okay, well, I'm talking about humans.
We're talking about humans.
So I basically was rescuing a man who should be rescuing me, by the way.
I'm the Cinderella.
He's not the cinder fella.
And I said that what I was happening is that I was working out my shit with my father.
And they all were like my father in some weird way, too.
So I was working on my ship with my father proving to him that I'm the better man when I was the child in this situation.
So now I'm not doing that anymore.
So for you to ride this ride, you better have something.
we go. I love that. Yeah, I just find it so fascinating because you've talked a lot about
love and relationships, but you've also talked a lot about business and how you take your face times
and how you work on not just love advice, but business and branding advice. Everything that you've said
has related back to your childhood and your upbringing and what's instilled in you. And I mean,
Jay and I always talk, we're getting like deep, deep talks about what starts at a very surface level
conversation and always ends up back at the same, like the same root of causes. I just,
I just think for our listeners, like it's so fascinating, not separating what makes you to
successful in your life and your career, but also your love life.
Like they're two, they're tied together.
You shouldn't treat them separately.
So I just think it's fascinating.
So we talked about visionary manifestation, pretty much.
You had the eyes of Bachelor before Bachelor was created.
You had the thought process to some of the Bethany Frankl stuff.
You got a scoop.
I've never told anyone that.
Wow.
I've loved that.
But I want, trading secrets.
Trading secrets.
But let's take my any network.
I can say what I want right now.
Fucking right.
You can.
All right, the psychic business.
So I learned that reason, like you're a vision.
Like, you obviously have had this ability for a while.
I, of course, I know how the psychic world works from a high level.
But can you tell me, one, how you came into it and two, how like the business side of that works?
Okay.
So I was psychic since I was a child.
I was adopted.
I later find out my grandmother was like a shaman on the reservation.
It was Cherokee.
I didn't know that about her.
But I had premonitions when there was a kid.
I knew when my parents were going to get divorced.
I knew when my grandfather was going to die.
And I knew when my aunt and uncle were fooling around with other people.
So I would tell my mother shit, she'd be like, what are you talking about?
She told me I was crazy.
And then I got really into the psychic phenomenon.
My dad bought an encyclopedia set.
And with it came this book series called Man, Myth, and Magic.
It was all about witchcraft.
And I decided I was going to become a Wiccan.
So I studied in a Coven.
I was a Wiccan.
Study comparative religions, Buddhism, Hinduism, all that.
And then I just really, all roads led to manifestation creation.
So I studied with Esther and Jerry, Abraham.
In 1989, I started out with doing law of attraction.
I was always an astrologer.
So I could look at, what's your birthday?
October 24th, 1988.
I was Scorpio.
Scorpios need to be petted and loved.
And you're also very loyal, very fixed in your people.
To a fault, actually.
You don't make a lot of waves in like living or shit like that because you like steady flow.
So that's a good, that's a good mix.
Wait, can you give me like, what's next in my life?
What do I need to know?
Okay.
Let me see where the plans.
I'm like literally putting you on the spot.
Are you investing in tech?
How the fuck did you do that?
That company is going to be mega bucks to you.
You could sit back and not work again.
Let's fucking go.
All right.
You know what, Patty, I could sit here, talk to you for days.
I know you have a schedule that's tight.
We have a schedule that's tight.
So what we're going to do here is we have a section right at the end of the podcast.
And what we do is we call Open the Vault Ravit.
question. So we just fire out questions, your natural intuition that comes out. And I'm just
curious. So we're going to get right into that. We're going to open the vault here with Patty.
Let's do it. So the first question, I just had actually, you're a bachelor fan. So I just had Dean on
the podcast. And we talked all about the ring. He thinks the ring is bullshit. It's just a nonsense
flex. You don't need a ring. You put a rubber band around your finger. What are your thoughts on the
ring? Are you fucking kidding? Only cheap men say the ring is not important. He's cheap.
Right. So you are there. That's the intuition. That is the thought. That's what we like to see. What is the first brand deal that you ever closed, whether it was like a, you know, it was a big brand deal on social media or it was a big brand deal for a commercial. Like, what's the big brand deal? I think it was 1,800 flowers where they had the patty bouquet.
That is really cool. You first date dinner, who pays for the bill? When someone says they could split it, who should pay for the bill? Assuming it's a male and female.
Is this a date? What is this? If there's a date dinner. So you go on a date.
No, no, no, no, no.
He who asks the person at pays, and that's generally the man asking the woman at.
I'm old school.
Okay, so when, so that's the rule of thumb.
Whoever is asking is.
If you split shit, you don't get sex, FYI.
Is that part of your rule book?
No, that's true.
Women don't be sexual when they have to split the bill because unless you're drunk
because they're like, what was the point?
I could have paid for my own food tonight.
Why do I get up looking so pretty?
And now he's making me pay for the food.
That goes, that goes back to your subconscious, too, because you're
subconscious, gets all screwed up.
We're not talking about college students.
We're talking about regular people.
Sure.
College.
Okay.
Yeah.
If a girl offers to split the bill, does you really mean it?
No.
Or is it like a test?
That's a test.
That's a test.
I'd be remissed if we didn't talk about,
because we talked a lot about the girl, like going out with the guy.
What about, do you ever see, how often do you see the reverse of like these mega
millionaire female girls and these like young dudes are chasing grab in?
I had all the housewives of New York City calling me to fix them up.
It's rampant.
There are more women.
right now without men because men are pussies. Sorry, they are. You're not one. You're not one.
But most men are pussy. They're afraid. We've got Me Too going on. We've got Cuomo, you know,
his situation. I just got off the phone with a multimillioner who's afraid to ask a girl out because
what if he asked the wrong person out at the bar, at the restaurant, and then she calls sexual
harassment. And it's not like we don't want to hear these women's stories. I'm me too. But men are
now afraid. If they go back to work, there will be no water cooler sex.
anymore. You're not going to get late at work.
How do you protect the powerful
the powerful individual that has money
and reputation, whether it's a male or female,
how are they protected? Do you suggest
like signing NDAs and stuff?
Well, that's what ARA did. I didn't say that.
I mean, my girls know that
I know my guys and my...
The reason my club is so successful
is because we're discretioning and we protect
every single person who comes into the club.
So we're constantly in the conversation. We're making the date.
We're hearing about the date. We're getting them on the phones.
understanding what happened. So there's no misunderstanding. I have never been sued. Knock
on wood. So there's one misunderstanding. That's why my club is so successful. Out in the real world,
you could get screwed. You could get screwed. It's a crazy. Somebody's a quiet wolf and it's not real.
So it's like you don't know what's going to happen either way. You got to be careful today.
You got to use phokio back to background check someone, make sure they have no restraining
winners. You know on your show, like my show, we used to do background checks on people and make sure
there's nothing, nothing illegal and ethical and moral going on.
You got to do deep dives on social media.
I mean, The Bachelor's going to do a deeper dive than they've ever done after Rachel.
So, you know, you're going to have to use your brain.
Check their LinkedIn.
You Spokio, the background app.
Make sure they are who they say they are.
It's tough.
So if you're getting it from a family friend, you want the referral.
They come with credibility and endorsement.
But like if a player's a player, like where are you thinking all of a sudden he's not going to be a
player. Now, does that mean a player cannot become a stayer? No, but you got to like do the George
Clinton one-on-one, which is what them all did. She's like, turned him down until he got serious and said,
listen, if you want me, these are my rules. I am a boundaries girl. You got to follow my rules.
Those breadcrumbs to me or I'm not, I'm not playing your games.
Do your female clients prefer older men, same age men or young men? No, no. They want somebody who's
equal to them financially, but they, they usually, I date usually 10 years younger than me. I'm like,
in my 50s and I date guys in their 40s as well as in their 50s.
But the older guys don't like me for some reason.
I always get really young, like 30-year-olds sitting on me.
They're intimidated.
They're intimidated.
I don't know if it's intimidated or they want the young 25-year-olds because they're
kind of immature those old cooks, you know?
They get to a certain age and, you know, they can't get it up and they're weird and
they're stressed and they're stylising and viabrine.
And they're like, you know, I want a younger girl is thinking like that's going to change
their dick.
It's not.
I'm still going to be want, want, want, want.
Oh, Patty, you are electric.
I deal with them all fucking day long.
This is, all right, this is electric.
You are electric.
Your energy is out of control, and I freaking love it.
We end every podcast, Patty, with the name of the show is trading secrets.
So whether it's the psychic world, it's the matchmaker, millionaire world, it's the TV show, ins and outs of Patty.
Give me a trading secret from your business life, your personal life, something that the average consumer would be like, wow, that's fascinating.
I feel like I'm an Andy show because I was getting nervous when we play games and I was telling
I suck at it. I'm terrible.
Okay.
You've done a great job so far.
You traded a secret that you came up with a Bachelor.
You've traded secrets about Jay's going to get rich off an investment.
Okay.
I think the secret to my success and I will give this as more of a wisdom thing is that I was
told I could never make this company Millionaire's Club and I did it.
I was told I could never get to scripted television by the powers of the people
that work for me, and I got into Hallmark making movies. I don't listen to anyone but myself.
Do they pay your bills at the end of the day? No. Are they award of your estate? No. So you need to
listen to your gut and keep going. When I lost that first show, The Bachelor, I thought my career was
over. Like, there's no way I could get back on TV because I was told even after we got to ABC, Lance told me,
like, that's it, you're done. But, you know, another show's around the corner. Maybe it's the
Bachelor. Hello, Rob Mills. Mike Fleiss, I'll take you to
Maastrow's. What do I have to do?
It's got in life. It's on the house. It's our psychic show. That's the
next show. It's our psychic show. When you make these comments, I don't have
words. I'm like blown away.
That's what if Caitlin getting pregnant, they just told me. Okay, I'm just like
you're there. They just said that in my ear. I'm like, what? So for anybody
here that's listening to you that they're just absolutely blown away, similar to what
David, Evan, and I are.
Tell everyone where they can find
the multiple things you have going on.
So you can DM me a Patty Stanger.
That's with an I, or you can go to Millionaire's Club
with a Nest, one, two, three.com.
Either or.
Ding, ding, ding.
We are ringing the closing bell on the Patty Stanger
Trading Secrets episode.
With David and Jason, where we will break down
and recap our guest.
And David, as usual, he's the voice of the viewer,
the curious Canadian, who will get my take on everything we just discussed.
Holy smokes, there's a lot to unpack here.
David, what's your take on?
Patty, that episode, what are you thinking?
I felt like I was on a treadmill, just like trying to keep up.
She was, her energy was off the charge.
What was your speed?
What miles per hour were you going on the treadmill?
Well, I'm not a very fast guy.
Like, you've seen me run.
It's probably the ugliest display of running and the history of running.
So I'm a solid like six and a half, seven guy,
but trying to keep up to her.
I was like in the eights and the nine's for sure.
So she was at like 10.11, would you say?
10.11 on the downhill.
I'm on the incline.
I'm, I'm way, way back.
So, but she was pretty electric.
You said it a few times.
I had some takeaways.
Let's hear it.
Three takeaways is from that episode.
Patty Stanger created The Bachelor.
Not everything is easier for rich people.
And I absolutely need to get on her daily caffeine regimen
because like her energy was off the charts.
Off the charts.
So she was something, though.
What did you think?
Those were good takeaways.
Yeah, I mean, it was interesting to hear about the Q score. I'm familiar with the Q score. So we'll talk a little bit about that.
She did dive into some business things. And man, she made wealthy men sound like some pretty big assholes. So we'll have to talk about that. But it's always fascinating, learning more about the whole dating game and the money behind the business she's in. The thing that shocks me the most, still, the sticker shock of a $10,000 lunch with Patty. But I guess she did find a way to justify the monetization of that.
she's made a brand out of it. She shows her value. She said, you know, it's not just love advice.
And if it is, she said that's the best love advice. She talked about branding. She talked about,
you know, therapy at the end of the day. But I definitely think there's something to be said about
her dominating and capitalizing on an industry that sometimes has like a cheap field to it in terms
of like online dating or just virtual dating in general. Question, have you ever used a dating app?
Yeah. I mean, so first of all, I agree with that. I mean, I agree with the fact that's interesting that
she found a way to dominate the industry. And she went to like the pinnacle of it so that she could
make the most in that world and have the greatest impact. And it's fascinating that the smartest
people in the world, they could drive the greatest success, make the most money, the biggest
companies. They could create things that we couldn't dream of creating. And then just simple things
like conversation, consistency and things like that is where they struggled. But back to your point,
there's a reason why the dating site and dating app game is huge. I have a quick funny story.
I was, you know, one time I was visiting Rob Gruncowski
and it was when it was back in the days, we were both single
and we were, he was like, telling him what Bumble is.
I'm like, you got to check it out.
So he actually got on Bumble, made a profile.
And the funniest thing is within like three minutes,
he got kicked off Bumble because the reason, ready for it?
Because he was imitating a famous celebrity.
So they thought he had to fake Rob Grunkowski profile.
And I think his whole point was he was going to go on for like 10 seconds
and get off. I found it hilarious.
Solid name drop. I thought you were going to dodge a question there too.
So tell me about your Bumble experience.
Bumble experience. Yeah. I mean, when were you on it? When were you on it?
So I was on it probably 2000. Oh man, I don't know.
2016, 2015. Those were like two big years. I was on it.
I was in a relationship for like three, four years. And that didn't work out.
And I was back in the dating game. And here and there, I dabble on Bumble. I wasn't like a Bumble.
Well, I wasn't like a Bumbleholic.
Like, you know, I wasn't on there.
Like I was for five years of my life.
Come on, I worry.
Yeah.
I mean, I was moving all over the country.
Like, did you have, you just swive, slap, slap, slap, slide, or you should do you?
No, I'm a selective swiper.
Okay.
You know me.
I'm a selective swiper.
I think you got.
What's your one takeaway?
I'm sure some of our listeners and followers are on the apps and in the bumble game
or the hinge game or the, there's so many of them.
I don't even, I've lost count now that I'm thankfully off of them for good reason.
What's your takeaway? What's your one takeaway?
I think just like we learned over the pandemic, business, personal, anything, time is so
freaking efficient. And so for me, it's qualify. It's like anything. Like whether you're going
for an interview or you're going on a date on Bumble, make sure you really qualify the person,
who they are, what they believe in. Because, man, you're just, you're spending so much time and
energy on dating and everything and money and getting ready for it. And I just think really
qualify. That would be my one piece of advice. I would say, like, authenticity is everybody's
greatest asset on a date and in life. Own that. Own your authenticity. Don't own a
Rolls Royce. It's a waste of money. Just own that authenticity. You'll be fine. So,
but Jason, I got some, I want to do, obviously do rapid fire questions with all our guests.
So I got some rapid fire business questions related to some of the things Patty got up because
sometimes I wish you went into a little more detail. It was impossible to try and get a word in
there because she was going a million miles an hour. You're going a million miles an hour to keep up.
So a couple of things that I thought of, voice of the viewer, I'm like, what does this mean?
Number one, she mentioned in changing networks keeping IP for her show going network to a network.
What is an IP?
Intellectual property. That is the ownership of exactly what the brand is and how and if you own it.
I mean, so the big thing about this trading secrets is we are with the network to your media, but we have full control of IP.
So if things weren't to work out with your media, we could take this brand, take this show, and go anywhere we want.
Now, one of the interesting things is this created a huge discussion around Call Her Daddy with Barstool Sports.
And so they were employees getting paid.
They had a huge disagreement as to what they should get paid.
They went toe to toe with Barstool Sports.
And then they went toe to toe with one another.
And only one of the podcast co-hosts made out in that situation.
But, you know, that might have to be a whole episode in its own, just breaking down the economics of Call Her Daddy, because it's absolutely fascinating.
But when you own the IP, like Call Her Daddy did not, and like Patty does, you have the ability to jump network to network and to leverage appropriately, just like Patty alluded to.
Do you own the IP for Trading Secrets?
Yeah, I said that.
Yeah.
So with we own, yep, we own the IP.
I own the IP for Trading Secrets.
I'm with Dear Media.
And should we ever want to leave?
show does well, we can leave. All right. Good to know. Good to know. Next question. Q score.
She mentioned LC from the Hills earning 100K an episode because of her Q score. What the hell is a
cue score? So that it's a genius thing that you brought up. I've actually never heard anyone talk
about it. But what it does is it measures really the appeal of someone that's on TV or, you know,
like in commercials, they'll see like the appeal of the brand or a company and stuff like that.
And it's generated by surveys that ask people like, either it's a brand or celebrity or something like that, like A, B, C, D, or E, is that one of your favorites?
Do you consider that very good? Do you consider it good? Do you consider it fair? Do you consider it poor? And there's even an F answer, which is I've never heard of it.
And it gives production, executives, a score that will align with different characters to say, we need those people.
And I have to assume, I could be wrong, I have no information, but I have to assume the Bachelor
probably does this from a business perspective.
Yes.
They probably see who is doing well on their Q score, and those are the people that that will
probably make a lead.
Makes sense.
Make sense.
All right, this one's probably going to be not as exciting, but I heard it and I don't know
it.
So I got to ask it, what is Series A funding?
This is why you are the beauty of all beauties, the voice to the viewer.
So Series A funding is funding that a company will actually do prior to
going public. It's one of the first stages of funding once they've received some type of track
record of success. And so typically series A funding will usually start anywhere from like, you know,
$2 million of funding to like $15 to $20 million of funding. It's a way that you, a lot of these
people are like, oh, I was in Uber early. I was in some of these big Facebook early. That's an investment
made by an investor. And they're making it before they have like it's a very early stage investment.
It's before people really know what's going to happen or what the future will predict.
Therefore, it's got higher risk, but it's got huge returns.
And in 2020, there were so many big tech companies, the average series A deal was $15-ish million.
Crazy stuff.
Okay, okay.
Learning something every day.
Hey, go.
Patty gave some advice.
She says her biggest advice to her clients were that they are enough.
She said, never get into the three Cs, no credit, no credit card, no condo, no cash.
What are your three Cs for?
relationship advice. Yeah. When she said no credit card, no condo, no cash, it took me a minute,
I'm like, wait a second, these guys are giving their significant other and or like we established
in this conversation. These females are giving guys a credit card. They're buying them a condo. They're
giving them chunks of cash. It's not even their significant other. It's to be their significant other.
It's their like turns of like, if I do this, then maybe, then maybe. It's not even that they're
together yet. It's ridiculous. I mean, if that's the advice that these people need,
like, David, let's fucking start a match
millionaire club. Like, she
deals with the guys, maybe we could do it with all the
super successful females. I'm in.
They'd probably like, we don't want your advice.
We have bad ass bitches and we're doing this
on our own and we don't need Patty or any of those
rich dudes either. Anyway, my
three Cs for advice. Okay.
Confidence is a big one.
I think you should be like independently
established and confident with yourself.
You should be able to communicate
and communicate well. I think that's a big one.
I'm going to throw a few out there.
I think care and consistency are just huge.
Like they can't, you know, just being consistent with who you are
and how you are as a person.
And if we're going to talk money,
forget about credit card and buying condos and cash.
I think it's fair to have open discussions about, like,
what your credit is.
We've talked about this and like what the money situation is.
So there are my like fucking 18 Cs.
Communications number one for sure, I think.
100.
You've never heard of Sugar Baby?
Never heard of Sugar Baby.
Come on.
Sometimes what actually is it?
A sugar baby is exactly.
that. It's girls who make a living or a career off of rich people buying them things and just
leveraging that. And maybe saying that they'll meet them for dinner, maybe saying that, you know,
if you send me this, then I'll meet you or before I face time you, then you got to buy me this.
It's like a full on industry. Like careers, like hundreds of thousands of dollars
females can make by in the sugar baby industry. So here's where I'm, and this is where we got to
get OnlyFans CEO. But why would you not just go to OnlyFans then? Why would you
actually be a sugar baby. Because it's like low key. Like you don't ever have to meet these guys.
You don't have to put yourself out there. Oh yeah. Is it like a company? There's multiple.
It's an industry. God, I can't believe I'm going to put this in my fucking internet history here.
Sugarbaby. Kail and the Kail's going to go through. It goes to go through internet
history. It is so smart. I spelled it wrong. This site can't be. Okay, here. Let's see if this
goes. Oh, Jesus. Wait, what? Oh my God. This is hilarious. No way.
Okay, everybody goes to sugarbaby.com.
It brings you to Tootsie Roll.
It's the Tootsie Roll website.
Oh, that's not right.
Wait, did Tootsie Roll buy it?
No, seriously.
That's weird.
We're going to do some more research.
I'm going to come back here.
I'm telling you, there's no research to be done.
Anybody that's here, you go to sugarbaby.com.
It brings you to Tutsiroll.
Dotsy.com and that's their company page.
Wow.
That's crazy.
I'm doing it right now, too.
Okay.
Yeah, that's weird.
But yeah, no, it's a full-blown industry that's wild.
Last one, she said that Audi is the future.
She thinks audio is the future.
And that's why Clubhouse, Twitter, and podcasts are going to be the most successful.
What are your thoughts on that?
She's right.
I think she's absolutely right.
I think that people are getting more efficient by the second.
And while we like to visualize, our expectation from viewers, from like our eyes is such a high expectation.
Like, think about the movies that are out, like the Matrix and the things we see.
And now NFTs is crazy digital art.
When we see things, our expectation for visual work is so high.
These companies are spending so much money on it.
So I think that our expectation for audio is much lower.
And the ease of audio is so much, it's just easier.
There's no barrier.
So I think podcast, Twitter, clubhouse, anything with audio is going to be right.
Because like she said, I could sit in my freaking pajamas and still bring value to people.
I agree.
Do you not find it, though, like so much more stimulating, like pleasing with video?
Like, I go on TikTok, like wormholes where I'm like two hours have gone.
I'm like, oh, my God, I've been, because I'm watching these things.
Like, I feel like if I'm listening to something, I'm not getting as lost.
To your point, though, that's inefficient, right?
Your two hours, eyes at hand, everything.
The other day I was on Clubhouse, I wasn't going to go on Clubhouse.
I was just like, D, I was in a long day, went to the hot tub.
I had a beer.
I'm like, this is going to be my relaxation moment.
And I was like, whoa, I could be on Clubhouse and listen and learn and relax and have a beer.
It's like crazy multitasking.
All right.
I got a couple more really quick rapid-fire questions for you, okay?
She brought up pre-nup, or are you going to get a pre-nup?
I am, whether it's business contracts, I think it's any type of contracts.
I am very pro-contract because I think what it does is it's proactive discussions,
communication that should probably happen anyway about what could happen if things didn't work out.
And so I'm pro-contract.
So at the end of the day, that's what a pre-nup is.
It's just a contract to say, God forbid, things don't work out.
Let's come to an easy exit here so it doesn't create fireworks and blow-ups and things like that.
So I would be absolutely okay with it.
But I know a lot of couples that have had insane conversations about this,
things I can't talk about because I've told those people I wouldn't.
But a lot of people attach a ton of emotion with a pre-nup.
I believe it. I believe it. It's one of those sensitive, like, not normalized topics, so, but you never know.
This episode of Trading Secrets, we hit on all things, right? The money behind TV, reality TV, contract negotiation, her business of the Millionaires Club, her business of the psych evaluations and reading the future, I mean, almost probably every single side of Patty we saw and we talked about. And she even created The Bachelor before it started. So thank you for joining another episode of Trading Secrets.
If you guys could please give us five stars.
And in your comments, give us any type of positive feedback, negative feedback, but give
us the five stars.
We'll listen to it.
We'll adjust and make sure to put your Instagram handle because we are doing
giveaways in the reviews.
Thank you again for joining us on another episode of Trading Secrets.
And make sure to tune in next Monday for an episode you can't afford to miss.
dream making that money and money pay on me making that money living that dream