Trading Secrets - How he turned funny into money! Jared Freid spent $80K to make a comedy special “37 and Single” and Netflix bought it! The secrets behind the $$$ and time deployed in the career of stand-up comedy!

Episode Date: August 21, 2023

This week, Jason is joined by New York based standup comedian, Jared Freid! Jared has become well known for his comedic insights into how millennial dating and relationships begin and end, ranging from the obsession over dating apps, trying to be real adults, and worrying about their looks on a daily basis. From performing alongside the likes of Jimmy Fallon to writing for media outlets such as BroBible and Total Frat Move, Jared has made his mark across many comedic outlets around the country. In addition to his standup comedy work, Jared hosts three highly rated weekly podcasts including U Up? and the J Train which both focus on various takes on modern day dating and generate a combined 1.2M+ monthly listeners.  Jared gives insight to his Netflix special “37 and Single” and what goes into creating a standup special, the variety of income when in the middle class of standup comedy, the amount of time that goes into building a comedy career, what challenges someone coming from reality TV can have venturing into standup, and his TedTalk about who should pay for the first date. Jared also reveals how he wanted to be funny for money and finding out how to do it, how a best man speech can be used as a base to writing comedy, the different types of stand up, what he wrote for Betches about Jason based on his Bachelorette bio, how he handles hecklers, and his best advice when it comes to bombing. What networks passed on his special before Netflix? How long was he preparing before getting his first $1,000 as a comic? Who from Bachelor Nation has he had the toughest interaction with? Jared Freid reveals all that and so much more in another episode you can’t afford to miss!  Host: Jason Tartick Co-Host: David Arduin Audio: Declan O’Connell Guests: Jared Freid Stay connected with the Trading Secrets Podcast!  Instagram: @tradingsecretspodcast  Youtube: Trading Secrets Facebook: Join the Group All Access: Free 30-Day Trial 

Welcome back to another episode of Trading Secrets. I'm your host, Jason Tardick, and welcome to the pre-market trading segment. This is where I tell you an expectation of what you can expect from today's episode and guest. I'll also share some market secrets you should know going into this week, and I always provide a quick update of what's going on in my life from a personal, professional, and financial standpoint. So let's first start with this guest. I'm super pumped. I mean, sometimes these episodes we have are very detailed, educated, eye opening. Sometimes you gasp, this one buckle up and it's perfect timing because you're going to laugh. We have a comedian

on Jared Freed. So just this week, and this is why he came on, he released his first ever special on Netflix. The irony of his Netflix series is called 37 and single. Bizarr timing as I am now 34 in single. And when we recorded this podcast, I was 34 and engaged. But anyway, you may know Jared Fried is a stand-up comedian. He is extremely well known within that space in that industry. You might even know him as like the hilarious guy. Hi, ramen. Okay, I'll get to that in my personal section. I got ramen here. I don't know if you heard him bark. But he's hilarious guy who roast batonation. Like this is like one of his things that he always does, 24-7. And if you don't know him from stand-up comedy or roasting people from Bachelor Nation, you're going to know him and you're not going to forget him

after this episode. And yes, he truly, completely dusts, roasts, crushes me. He actually digs up his roasts from 2018. So when my bio came out in 2018 with the picture and the bio, now, just so I give you context, I don't write this bio, okay? ABC, wrote the bios. I don't think I wrote it, but he absolutely just completely lights me up. So stay tuned for that. You'll also hear how he got his own special. I think what's really cool about him and relatable to the Money Mafia is Netflix seen come knocking on his door. And he talks a lot about how in life no one really came knocking on his door. But he took control. He built a special by himself, paid for it, himself, then went to pitch it to all the big streaming services.

98% of them passed, but Netflix came through and bought it. You'll hear what he paid to make it, how much Netflix paid for it. You'll hear all the trading secrets behind the scenes of stand-up comedy, what they're paid, how to get in it, how to train for it. And if you're not interested in stand-up comedy and a profession or even learning the ins and outs and training secrets behind it, he gives, I would say, about five to seven massive secrets, about performance. About performance, performing as a stand-up that you can actually apply to your career in your life. So that's a little about Jared Freed, excited to have him on. And even just, even when I'm doing the intro, the guy's cracking jokes. So you're going to be laughing right from the get-go. Now, I got to tell you about

something that happened in the market last week. You might know Michael James Berry. He is an American investor. He's a hedge fund manager. And he's also a physician. I didn't even know that until I did some more research on him. But he founded the hedge fund sign on capital. What does that mean to you next to nothing, but you might know this. Have you ever heard of that movie called The Big Short? Well, Michael is the genius who came up with all this analysis in 2008, and he predicted the stock market crash. He bet against the stock market. He made a personal profit of over $100 million and a profit for his remaining investors of over $700 million in 2008 when he bet against the stock market. If you're not familiar with anything I'm saying here, go watch the movie. It's

super entertaining. It's called The Big Short. This past week, the same guy, Michael Berry, placed bets worth a notional amount of $1.6 billion against the S&P and NASDAQ last quarter. Now, the information just came out this week, although he made the bet last quarter. Why is that? Because when hedge funds make their trades, at the end of the quarter, they put together a report. We'll just keep it simple. A report that becomes available to the public. and it just became available from last quarter, and we know that he bet against the market $1.6 billion. This is the guy in 2008 who said it was going to crash, and it did, and now he's predicting it will do that again. Now, where does the trade stand? All we know is last quarter, that's what he did.

There are a lot of critics that are out there saying, this guy was a one-hit wonder. He had one big bet, and that's it. And the market is in a much, much better position than some of the other bare markets that we've seen in the last 10 years, and they're all saying, this is a crock of bullshit. We'll see what happens. But this is big news. I mean, the guy that predicted our last massive collapse over 10 years ago in 2008, profiting almost a billion dollars from it, just put his money, $1.6 billion in the fact we'll have another one. So that's one you should know going into this week. Now for me, you heard Rahm embarking. Caitlin has been in L.A. working this week. So I've been lucky enough to have the boys with me, and it has been just a true blessing.

I just think through this time, and it's like, honestly, we talk a lot about careers and money here, and that is a huge foundation to our life. But it just comes down to relationships, friendships, and those who are around you. And even though Robin and Pino are animals and pets, they're best friends to me. And just having them with me has been amazing. Having a great support system in the last, you know, month to a few months has been everything. thing to me. I've leaned on them harder than I've ever in my life, ever leaned on my support system. And I think what I've realized, I go to therapy tomorrow. Actually, I can't wait, 90-minute session like I need it so bad. But what I've just realized is that there's no timeline on handling

grief. In being in love with someone and losing that someone, it's just sad, it's lonely, it's an empty feeling. And there's times where you have these just tidal waves of depression. But then there are these times where like you feel lifted and you feel good again and it's just this back and forth flood of emotions and what I'm learning is that you know grieving is just the whole process of honoring respecting and having love for what was but then also at the same time with the same level and if not more honoring respecting and having love for what is but we'll get there. We'll get there. We'll get there with work, with time, with support, with friends, family, healing, and all the things. So as I move forward to my next steps, I'll be in a short-term rental,

and then I will be in the process of looking through real estate. I've already actually started that journey. So as I get more information, and as I go through that process, of course, I'll keep all of you updated on the numbers and the structures and the negotiations and some of the things I'm thinking from a real estate perspective as that does pertain to what we do here on Trading Secrets. But let's transition the emotions from here to some laughs with right now Netflix's top 10 shows in the United States since launch, 37 and single with the one and only comedian Jared Freed. Welcome back to another episode of Trading Secrets. I can't wait for this guest to just mock me as I do my intro, but today I'm joined by...

Mock you, you're reading about me. I'm reading about you. This is the most embarrassing thing in the world. This is nails on a chalkboard. Payback's a bitch. Today, I am joined by New York City-based stand-up comedian Jared Freed. Jared has become well known for his comedic insights into how millennial dating and relationships begin and end, ranging from the obsession over dating apps,

trying to be real adults and worrying about their looks on a daily basis. from performing alongside the likes of Jimmy Fallon to writing for media outlets such as Bro Bible and total frat move. Jared has made his mark across many comedic outlets around the country in addition to his stand-up comedy work. You ready for it? Jared hosts two. Ready for this? Tire Pump? Highly rated weekly podcast.

It's three now, which is even more embarrassing. Oh, don't worry. I didn't lose. I'm the Research King, bitch. You up. Co-hosted by Jordana, Abraham from Betches, who has been a guest on the podcast and the J-Train podcast that he hosts on his own, both of which focus on various takes

on modern day dating and generate a combined we're going to have to talk about this 1.2 million plus monthly listeners. I don't know these numbers. Seems a little inflated. In fact, Jared has been... Now I'm Nick Vial,

inflating my numbers. It's fact. Telling people my numbers. There we go. Well, this is a numbers podcast. In fact, Jared has been called a dear Abby for dudes, which is why both men and women

tune into his shows on a regular basis. I promise we're almost done so much so that Jared recently launched his new dating show. Dating makeover via Spotify. Already been canceled. That air Sunday night already canceled and fans can join into advice directly from Jared, which is now canceled. But welcome to Drang Secrets. It's such a pleasure to be here.

Thank you for having me. Yeah, this is all, this is like, you ever have your mom, hear your mom tell your job to someone else? Yes. And you're like, stop. please right now no i'm nothing i'm nobody you think your mom's like no he's got a podcast and everyone listens and you know he's one of those you know comedian he's a funny guy jaron you know and you're like oh you're just melting next to your mom is that how you felt i that's how i felt well anytime i'm not you know what am i going to say like i i don't know i make the funnies i yell at the tv when

the batches on you make the funnies yell at the tv for the rest of the podcast i am going to take the role of your mom and I'm going to transition that and segue into you have huge news honey tell everybody your big news tell everybody let's start with that I got a Netflix special it's called 37 and single I called all my bachelor pals and I was like can you get me on your big huge podcast and here I am so I want everyone to go watch it we're going to put this out right when this comes out just for you you're the best just just this is why you're what we call a mensch in the Jewish community I appreciate it. So it's out on Netflix, watch, watch, watch stuff. 37 and single. That's what it's called. It's my life. You know, it's dating, it's breakups, it's body issues. It's gender reveal

parties. It's the ick. It's all stuff that's highly relatable. And I want people to go watch and enjoy and have a date night and have fun with it because it's all laugh. Guys, go watch it. But let's get into this. How the hell does Jared Freed ripping on bachelor people doing stand-up comedy land a Netflix special? Talk to me about that. Okay. So, I guess the process is like, you know, it's very, you know, stand-ups like an entrepreneurial thing, you know, like, if you, you know, stand-ups, you'll meet them and you'll be like, none of us think we're hard workers, but they're probably the hardest working people you know. You know, you've got to go on stage every night. You've got to go create an act. You've got to go on the road. You've got to find a way for people to find you. So over the course of, since I've started stand-up, I don't think I had enough confidence to believe anyone would pluck me from obscurity. So I've always, like, created my own things. I used to write weekly columns. I would then I would tweet The Bachelor and then I would start yelling at it on my Instagram stories.

I've started calling that the live scream, so I yell at the show every week, as you know. So I've been doing stand-up for 13 years. I started open mics in New York City, four open mics a night, and then working my way into the clubs. Then people started wanting to see you and you can sell tickets on the road,

so you get to go on the road. And I was building an act. And there's a point with an act where it's like, I can't do this anymore. I can't keep telling these jokes. I want to move on from these jokes. So you want to put them up somewhere. And there's some people that are lucky enough where Papa Netflix, you know, Ms. Netflix,

Mrs. Netflix comes up to them and it's like, here's your pile of money. Go tape the special and we're going to promote it together. We're going to be amazing together. And, you know, you're part of the team. Did that happen to you? No. Like most things, I had to go knock on every door. Okay.

And I went and invested my own money to make a special. You know the question's coming. You can't TV up. How much money? Do I have to say it? You got to say it. These costs 80. You spend 80 grand of your money to put together a teaser, right?

No, to tape the full on special. And listen, I'm not saying the number because I'm alone in this. Lots of comics are doing this. A lot of stand-ups, anywhere from $10,000 to $80,000, they're spending a lot of money. Okay, so you're taping what? A production. So, an hour special. An hour special of what, though?

Of my stand-up material. Okay, from all different locations. No, no, no, no, no, one location. One location. When someone comes to see me on the road, I'll do an hour. When you go to a stand-up club anywhere in the country, it's host feature headliner. And I know that most people don't know this. Stand-up is more niche than people want to believe.

So when you go to a club in your hometown or whatever, you go and see the host comes out and says, welcome to the club. And then they have the feature, which is a 20 to 25-minute set. hot set. Because the crowd already has their drinks. You get to go up and do your hot 20 to 25 and then they bring up the headliner, me. So then I go up and do 45 minutes to an hour. And that's the general show, no matter where you go to a stand-up club in the country. And every comic's dream is to be on the road, like for whatever, we all want to be doing it. You want to be doing this as a job, and it's really hard to have a club book you. So over the years, I've started building this hour. And the clubs are really practiced

for this special that you're hypothetically putting out. Some jokes take a day, some take years. Sure. You know, so over the course of whatever amount of time, you're building this. And if you get it to a point where you're like, I'm done with these jokes, where am I going to put it? Now it's streaming.

So streaming is like HBO, Peacock, Amazon, Netflix, are kind of the players right now. Okay. For stand up. Yeah. So you want to be able to put out this special. So just so I understand the industry. Sure.

So to get this special. is kind of like the marquee. Like that you have to have a special to go to that next point. Is that fair? For stand-up. For stand-up. So you get your special.

You decide to put 80K into this. Is this your own money? Are you getting investors? It's my own money. Most comics, if they're making a little bit of money, they have their own LLC. I'm sure you do too. Sure, of course.

So it gets paid from that. It's a business expense. I put down the money. Then you take this, you finish it. It's all at it. It's perfect. You go knock on every door and shop. In my mind,

as someone who sold life insurance. I want to take away rebuttals. And what's the rebuttal? Ah, you didn't make it with the cameras we use. You know, I don't want that. Let's make it with whatever cameras they use. And I think someone told me this is like a Bill Burr quote. He was like at some point, you know, you're basically,

you're hoping it's a Netflix special. You're hoping you get someone to buy it from you. Of course. And if it doesn't, it's an expensive business car. Because then you're going to put it on. And I think that was a Bill Burr quote, but, you know, because then people want to know when I say I'm coming to town

and maybe they like my bachelor stuff, they don't know me as a stand-up. Sure. They know me as a guy who yells at the TV during the bachelor and I think is funny. It's a different thing. Stand-up is this thing where it almost offends people when you say you're a stand-up comedian, especially men.

When you tell someone you're a stand-in, oh, you think you're funny. It's not, oh, that's what you're a joke. Tell me a joke. They put their fists go right up. Where have you been? Would I know you? How come I? Because a lot of people, there's Seinfeld, and then there's poor loser comic.

They don't think there's a middle class of comedy. Interesting. You know, if I don't, and it's a lot of men, especially if they don't know, a lot of men's personalities, their egos built off, I'm funny. I'm the arbiter of what's funny or not. So if they don't know you, they go, well, I don't know you. So how funny could you be? I'm funny.

I understood. I got two follow-up questions. I got a million thoughts. Quick follow-up. You talked about Jerry Seinfeld. You talked about Porta-Louie. You talked about middle class. Loser, not Louis.

Loser, Louis. He ain't poor. Middle class comedy, if you take the average of what they make on an annual basis, you average it up, what do you think? I couldn't tell you. Take a shot. 100 grand? I would...

60? It's tough to say. It's a wide middle class. Okay. High, low, medium. You know, so I guess if you want to know the economics of it, you could go to a club if you're an unknown and you can't sell a ticket. No one knows your name.

The club might say, I want you to headline for $1,500. You know, you do five shows. Here's $1,500 for the weekend, plus I'll give you your expenses to get there. Okay. So they'll be like, and we'll give you another $400 to get your plane ticket and we'll put you up in a hotel. That's a version of a weekend of a club. So if I do a club weekend, which is what I would guess a middle class, like not a theater, whatever. Then if you can sell some tickets, now you're getting percentage of the door.

Got it. So it'll be like net box office revenue. You'll get like a percentage of that. over a certain amount. So there's a bonus structure that works in. So that's where agencies come in. So you could walk away from a club weekend, you know, making a chunk of, you could make more than you'd make in the theater on one night.

But again, do you want to work one night or three nights with five shows? You're putting your reps in. You're putting your marketing head on. And then you're also getting paid five X, whatever it is. You're getting paid per night. My second question, well, I got you. You produce this. 80K.

You put it all together. It's the dream. Burr says if it doesn't sell, it's still your business card. How many big network streaming services passed on it before Netflix came to your door? Three, HBO, Peacock, and Amazon. And when Netflix comes to your door, you're selling it to them for a price tag, obviously more than what you put into it. Yeah, but not by much. Nothing drastic. No, it's not. And here's what it also is. What they're doing is they're leasing it for a couple years. Okay. So they're saying, we'll lease it from you. We'll put it on our platform. And this is happening a lot with a lot of comics now. The money

changes, as you know, every day. You know, with brand deals, all these sponsorship things, they all change based on what's going on the world. So I'm sure Netflix had a meeting of some sort. And they're like, we've got to stop giving to all these comedians and then having them bring me their special. They're going, let's have them make it. And they kind of reverse the thing. And then we'll go look at them. And then maybe we'll buy some and not buy some. I think they're in control. And that's probably, you know, more than we want. Yeah. someone to be in control. You know, like, you look, there's a strike right now.

You took the worst where I'm up. Part of the strike was sparked by Netflix. Right. I don't know the specifics because I, the reason I'm here today is because I yell at the TV on Instagram. You know, so I did that because I wasn't hired by SNL and TV shows to be in the writer's room. And you have to find another way.

You got to survive. You know, how am I going to get my name out there, put butts in seats? when no one is plucking me from obscurity. And again, I'm not saying there's a complaint. That's just what you do. You know, like, I've got to find another way for this business to work out. And I always kind of leaned on the internet.

I was always like, I'll be funny here and the rest they'll come to the shows. I'll trust in that. And stand-ups are competitive, but it's golf. It's tennis. It's an individual sport. You know, we all go up at the comedy seller. I'm at the comedy seller every night.

I'm there doing 15 minutes sets, working on shit, making sure that I can go on the, the road with an act that someone would want to buy a ticket for. This is the perfect transition. Right. Because I'm seeing from a very high level is a lot of the Matt Rice's, the TikTokers, Hannah Berners crushing the crowdwork. I'm seeing there's a transition. I'm seeing there's a transition so much that I'm fascinated, especially by people from reality TV, how they jump

start their career, move in a different direction. We're seeing Bachelor people move into comedy. And I see the work you've done. I've seen the work that Matt Rice done. I've seen the work that all these comedians have done 10 plus years five days a week i mean five every night every night no no this isn't this isn't this isn't a lifestyle this is every single night every night but what's your take on the way it's transitioning are people getting in like that are you for are you against it give it i'm not against anything you know i've always i mean i've seen you talk shit on bachelor you're against a few things i mean i talk shit but i remember when i was starting to do the bachelor thing I would take a night off from stand-up to yell at the Bachelor.

And everyone with a seller would be like, what are you doing? What? They'd make fun of me. Why would you do that? You're taking a night off from the comedy seller to do the Bachelor recaps? And I'd be like, yeah, I think this is my own show. It used to be you'd wake up at like five in the afternoon and then go to your show

and then drink all night and go to bed. You're doing seven jobs to do the one job you really want to do, which is stand-up. So, again, do I roll my eyes at that. someone who's just like, I'll be a stand-up now? Yeah. I have to admit the crowd work stuff, you know, that can get you so far. You still got a new one hour. You're still going to go on stage and the friend of the person who doesn't know you has to like you. So when I go on stage, yeah, I mean, I used to host at the cellar every night. I do my, the whole Bachelor live screen is improv. I'm doing it while the show is on. And you have to be careful. You know, you don't want

to say things. I don't want to be offensive. I want to be funny. When it's more offensive, than funny, you fucked up. So I have to be cognizant of like, how do I want to sound? What kind of jokes do I want to tell? Am I, and then, so I can do crowd work till like, you know, for the whole out.

Yeah, but that's not, my special is not going to be crowdwork. Let me ask you that. I imagine the greater you become, the larger you become, you're in a stadium, you're at MSG, we're here in New York City right now.

You can't do crowdwork in a stadium. Exactly. So you have to be able to stand on one hour minimum of pure performance. You got to have an act. So you have outs over the years. You have like an insurance plan. Right. I got 100 percenters. I got 80 percenters. I got 70 percenters. I'm working on the 50 percenters to all the 100 percenters. Got it. But it doesn't start right away. It takes years and time. You know, again, I'll go to Bill Burr, who I've met once in passing. But he has great quotes

about stand-up. If you got a new minute a week, you'll have a new hour a year, 52 minutes in a year. Which is a great way to look at stand-up. You know, people, People will tell you when they want to start stand-up, they'll go, well, I'm going to start once I have five minutes written. You don't even get what the fuck you're talking about. You're going to start when you have five minutes written? Right, 30, then you'll have five. Yeah, yeah, yeah.

And you've never been on stage. How do you know? It's different when you say it out loud on stage. All right, give me this. Odds of success. Someone from The Bachelor, someone from Love is Wine, someone comes off. They use their platform. They can sell tickets.

They want to become a stand-up. Give me the percentage of likelihood they will make it. And why? That's a hard thing to answer. or because, well, I would say it's slim. 10? 10%? It's slim for anyone doing stand-up.

Here's the problem that I would think someone from the reality world would have. Sure. You can't disappear and get good inside, like, without, you have to really commit yourself to doing badly behind closed doors. 24 hours a day, seven days. You got to go to open mics. You got to like, you know, because the minute you can sell 10% of the door. tickets it's too it's too much of a temptation you know i remember katie thurston she came to my show

she was she was a fan of the bachelor podcast and then went on the bachelorette a bachelor and then became the bachelorette okayy was very nice to me and came to my show in tacoma and it was while she was on as the bachelorette which was like a thrill for me like that's unbelievable so cool she comes to the show and she was like i think i want to try and i was like so what's the plan from here. She was like, I want to do stand-up. And like, in my mind, good for you. And but I'm also like, and I said her, I was like, how are you going to do an open mic? How are you going to work on material? And, you know, I think that's the hardest part is you have to say, you have to basically tell people who are making money off of you at that point, because I'm sure

she's got agent manager, all that stuff. And then says, I want to do a live version. You have to do kind of another version of a stand-up show while you work on the stand-up. Because people are going be tape and I said to her I remember saying that people were going to be videotaping you they're going to go and they're going to say look at how you know you're not good at stand-up no matter who you are day one you're not good yeah you're an infant when you get on stage and I wasn't I'm not saying this about her I'm saying no but anybody gets on stage one you bomb before you proceed yeah and sometimes you get lucky and you know you get some laughs on the first one but it won't be good okay and it won't be worked out and it won't be ready and someone's going to go

let me tape the person. Oh, look how. And they want, no, again, when I said in the beginning, it's, you know, being a stand-up is offensive to some people. That's weird. I didn't realize, I didn't recognize that in any way, shape, or form. I didn't think it was going to be that way either. I was like, yeah, I'm going to do comedy and you just saw right away. Some people were like, oh, you think you're funny. Again, you said to me what the responses are. Yeah, yeah, yeah. You know, it's like no one does that about any other job. No one does that. Well, you transition from finance insurance to comedy. At what point were you making enough in comedy that you could have done that? See, I'm very lucky.

I had like, like, bar mitzvah savings and things like that where I was like, right, I'm like, I, you know, like, that's the thing. There's not a lot of people with my background that go into stand-up. Yeah. You know, when I go to a club, the security always looks at me and goes, ticket please, and they go, oh, it's Jared. Yeah. Like, I look like someone who would be in a stand-up club with their girlfriend, not the one

that's going on the stage. So I'm in a very lucky specific situation where like, it was starting a business for me. So I was like, working, doing life insurance. And I was like, I'm going to be a comedian. I'm going to do comedy. I'm going. You just said I'm done with insurance. Done. I'm going. I'm going to be funny for money. That was my first thing. Funny for money. I don't know what that means. And I considered it going to grad school. So if someone has the ability to go to grad school, you don't have the ability to go to two years, you don't say to them, well, how'd you pay? They figured out a way. Sure. They had either loans or they had savings and they were going to go to grad school. So I considered a comedy grad school. So I left my job and I took improv classes. I took sketch writing class. I've never written a fucking thing in my life. The only reason I wanted to do is that I wrote funny emails to my friends. Remember the group email? Of course.

before group chat. Before group chat, there was the group email and... We're old enough to know that. There was the pre... It's just all the fucking... Right. And all the emails coming in.

It would be leading up to the weekend. What are we doing? It would be your whole crew. And everyone would be on that group email. I would just spend the day making fun of people on that group email. And then people would write back to me specifically being like, oh, that made my day.

And it felt like drugs in my veins. And I was like, I got to get this feeling. That's a good career tip, though. Right. For people out there, go find what it is that, gets that drugs in your veins and pursue it. I like that. I wanted to give myself to the comedy community. I wanted to learn. I didn't think I knew what the fuck I was talking about. You know, my parents were like better than I would ever been. My dad's like, my mom didn't get it. My dad was like, oh, we love 30 Rock.

He was like, oh, you want to be one of the guys at the table at 30 Rock, you know, the writers. And I was like, yeah, hopefully I'll go knock on. One day. I'll go knock on NBC's door and I'll get hired. So how long were you preparing before you made your first $1,000 as a stand-up comedian? Oh, my God. Give me a time period. I mean, probably a year. Okay, a year before you make a thousand. To get up to with that, not in one show.

I mean, stand-ups you get paid, you know, $20 a spot and whatever. When you're just starting, it's nothing. Nothing. One thing I can't let go. You said your storytelling coach. Just give me... Teacher. Teacher.

Correction. All right. Just give me a... couple snippets. For someone who's back home, whatever it is that they do, wherever they're listening to this, storytelling, biggest piece of advice you give. What do you do? From someone who wants to, like, speak into a mic. Yeah. Is they're doing a best man speech. You know, it's always the best man speech. And I give the same advice for best man, bride, maid of honor speeches. I give the same advice every time. Okay. You have already told

a story about this person if you're the bridesmaid, if you're the maid of honor and if you're the the best man, you have told a story about your best friend a million times already. Because what people want to do, they want to break the mold. No, no, no.

You've already told the story. Just tell that story. Make sure you're telling it to grandma. You're telling that story to grandma, but tell that story on, you know, like you're telling it to grandma. Everyone in the room knows that person. You're going to get laughs.

Tell it over. You've already told it a million times. And then at the end, of it, relate it to their personality and the couple and why you think they're going to be a gray couple. That's all you have to do. Because you've already written the material. When I go on stage, some people say they write on stage.

I don't write on stage. I'll write a note. And then I'll write a note to my... What does that mean? What does that mean write on stage? So they'll be like, I write jokes on stage. They'll like, I never touch pen to paper. People believe that they write a joke as they're performing.

Yeah. They'll go, but I don't think... There's people that believe, oh, I'm going to go up with this idea. and then I'll write it on stage. Oh, people that believe that. But there's very successful people that believe that. This is why it's so painstaking. This is why when I heard Pilot P was doing stand-up, immediate eye roll.

Immediate, I call it FTG mode. Fuck that guy. Okay, I think it's a very male thing. Yeah. When we hear a piece of information, fuck that, fuck that guy. FDG mode. I like that. It's a bad thing.

I like it. Please do it. It's the ego. It's just ego. It's just ego. You're immediate. And I think accepting it is better than not accepting it. Correct.

If you accept, I have. that in me. I have that bad thing in me. I can get over it. Did you tell him that when you saw him? I don't know if I did, but because I let it go very quickly because I immediately hear pilot piece doing stand. And I mean, to a lesser extent, Katie, but I knew she was going to do it. I knew that night she was going to do stand up. Like I was like, you don't just say that and not do stand up. Okay. So is Katie's, I just don't know because I'm not. She was very, is she still doing it? I think so. Okay. So yeah, I think she's doing it in San Diego. okay and so that's been she's been that's been a year that's been a year plus that guy was on

road rules yeah blew up and then he's you know he worked at it he was in the clubs he was getting you know he had to go through whatever amount of work to be able to find how he tells he's a storyteller more or less you know like when he does stand-up it's more story than you know one-liner you know there's different forms of stand-up like i'm more ranty storytelling type of comic yeah And a screamer. That gets it going. Yeah. And some people are like, they see that as a crutch, fine.

You know, like I like to be less of a screamer, but, you know, whatever. Yeah. I go up to sing dance and dust. I'm a performer. I want to go on stage. I want to move. I want to, you ever watch Kevin James? Oh, yeah.

I want to really be full body entertainment. If you watch a special, it's all physical. It's all me ranting. And it's fun. But, you know, when I hear Pilot Pete's doing stand-up, I immediately go, fuck that. and then my friend who was putting the shows together, I go, what's the deal? And he's like, he wants to do it.

I go, and all standups kind of, we have this depressed moment where like, you know, and then he was at the comedy seller with my friend, Ryan Reese, who's the guy I first talked to to get into comedy, was the one putting the show together. He did a show in Long Beach and then wanted stand up New York on the Upper West Side. Okay.

And him and Matt Richards, who's another friend of mine, they were at the show and they were like, they were like, he was pretty good. and again we and I go I go is it I go really and like now mad that he was pretty good but he they're saying it as comics who have done it a decade you know they're going no first time up you know yeah yeah first time yeah yeah and then I said to write I go what's the deal he goes he he just wants to try it as like a bucket list item and I was like oh that like took away all the FDG note you weren't you weren't like okay he's coming for me I don't know why it's

stupid it's my own ego it's just ego it's just ego and then I saw it and then he turned around He was like right behind me. I was like, hey, I'm, he goes, oh, my Jared Freed. And he had never seen my face. He's only heard me scream at him. And he was totally nice. And I was like, you know, it immediately just washes off of you. Okay.

Let me ask, because I want to go back to the money, but I want to ask you this. Sure. Anyone from Bachelor World that you ran into, what was the toughest interaction you had with like, oh shit, I literally just dragged that person. Like, I just absolutely torpedoed that. It's probably Kaylin. Like, and I, you know, she was so nice to have me on. Yeah.

And I respect that immediately. Yeah, yeah, yeah, yeah, yeah, you know, I gave her a lot of shit because we were very critical of her. Yeah. And I also never knew her from a season. So I, when I started doing this, yeah, to me, I'm always looking for places to be funny. Yeah. To have fun.

Yeah. And to me, what I started doing. was this, I would, the bachelor used to put out, so they put out profiles. I would like to see what I wrote about you. I would love to see. Oh, you had a field day. I probably have it. Let's go. So they had, so what they used to do is they put out the picture. Let me see if I, what year were you? It was Becca Kufran season. So 2018, dating myself here. 2008, I've been doing this for that long. Fuck. I can't believe it's been five years. I still third five, going on six just to buy it would be a picture name age where they live what they do that was all the

information i had and i would write jokes about that profile based on what they had based on nothing a picture and a and those that amount of information then they started doing interviews yeah with like a producer so then they print out the interviews so i had more to make fun of yeah so i he's thinking Bachelor of Preview of 2018. Here we go. Here's Becca. Yeah, yeah, yeah, yeah. Okay, so.

There we go. Hopefully there's nothing in that. No, I have it. I did. So I did, Jason. Oh, boy. So this is fun to go back on because I'm reading, this is what I wrote about you. You got to brush the dust off.

No, without knowing anything about you. I was like, Betches, I'll write something for you in exchange for retweets and in scramp posts. Okay, but they're not paying. No paying. Yeah. Fuck the money. This is worth more. Exposure.

exposure. Jason is a senior corporate banker who looks like he enunciates the word senior when he tells you his job so you know his checkered sport code is handmade. That's bad. Okay. He claims to also have a heart of gold, which is a big guy thing. We take old sayings you've heard on an old movie so you associate us with a time that didn't have texting and guys ghosting and swiping apps where we've looked at a face and audibly scoffed at the idea of dating that person. So Jason sounds awful from literally three words and a job title. Even worse, he likes to sing Disney songs. Do you like to sing Disney songs? Okay. Yep, there's a chance you guys are at a party and he confidently says nobody sings Frozen better than I do when nobody even mentioned Frozen

or singing. Now you're just listening to a mediocre singer belting out a tune with a senior banker confidence. That is a plus. That's it. Thank you. It's so weird to have. I mean, again, and I'm looking at this, you know, I'm reading this going run on sentence. You should have done it. I'm in the writing game now. I'm second book. I was listening and I'm like, this guy is a fucking writer. Alliteration. He's got great describing words. I mean, the pop. Thank you. And I took a lot of care with these things.

You know, you go, again, this is a business podcast, it's an entrepreneurship. I was, you know, when people, I put it through like my comic friends who write every day too. And I took care. These articles I wrote with like true, like this is, I'm on stage. I'm in front of 40,000 people. This is batches. I'm going to get so many people that are going to read this, you know, like, you know. But you're not at all, like, see, it's so hard for my little numbers brain.

You're not at all focused on. focused on all that time for dollars or work. You're just like all that time equals more impressions, more eyeballs, more success down the road. Is money ever on your mind with your career direction? Of course. I mean like it's, you know, but of course it is. Money's on everyone's mind.

But I always believe if you put out good stuff, people will pay at some point. Okay, let's go back full circle. Sure. Estimate this. Give me a shot in the dark. You leave insurance. you start studying.

That's day one. Right. To make 10,000 in gross income takes one year. No, it's longer than that. I couldn't, I couldn't promise people that. No, what do you think? Two years? You know, there's some people that they get seen doing five minutes and someone goes,

you're writing for my show. There's some people that have been doing it 10 years and they're still. Or they're like a Matt Rife, right? Like you're just grinding out and all of a sudden overnight. That guy also had MTV kind of like plucked him a little bit. You know, that's, you know, he had. He had a show on MTV before. So it's like, how did he, you know,

how did he put together a special that he got to OnlyFeds? Well, he had some cash put away. He had some things going on. He was on wild out. Yeah. You know, he had some things going on. Podcasting for me was always, you know, could back it up. I started this podcast.

My J-Train podcast had been doing it forever. And people were writing in. And I was going through things in my life at the same point. You know, point as them. Like, you and I are around similar ages. Yeah, yeah, yeah. When I was in college, like, especially for dating. Yeah.

So I was going through dating with technology kind of... That was when, like, Bumble just came out. I remember a guy in my fraternity was like, yo, we got to join Facebook. And I was at lunch with all my fraternity brothers and literally stood up and I was like, nope, nerd, and we all laughed. And then like someone, I remember...

I talked about this. I did a TED talk about who should pay for the first date. And I did this TED talk. Who do you think should pay? Um, whoever, I mean, you gotta watch this TED talk. Okay, it's a little bit... We'll reference in the recap. Yeah, but the TED talk, basically, it's about like having taste.

Okay. Who should pay for the first day? People want to have an answer that question, but some people say, I'd rather pay, and then other people go, I'd rather be paid for. And I think both answers are right. Okay. So, but I think what people do is they would rather have an answer their question than have their own taste.

Interesting, got it. And so, but I remember, in the TED talk about, like, when someone was like, hey we should join Facebook and I was like no nerd and then you found out that like someone was like oh I hooked up last night we were like who and they're like she's right here on Facebook we're like you can look up women on Facebook Facebook comes out while I'm in college and then you get out of college and dating websites become less guy in his mom's basement more like okay you know you know it's allowable you could meet someone on a dating website then Tinder yeah oh you could swipe someone to say whether you in or not you made it easier

and then Bumble happens, then Snapchat, then Instagram, DM. And on and on, the dating world changes and evolves. And I'm a product of timing. You know, I'm in my 20s, going in my 30s, and all this stuff is happening at the same time. And I'm on a podcast telling you how a guy really feels while going through this. So what happened was in the beginning was a lot of dudes writing and being like, I'm going to a girl at the bar.

How do I fuck? And then women started finding it and like looking for a guy. opinion and on what's going on. Why are you thinking this way? Why is this happening? Why is it ghosting? Why is it going on this way? Why is he keep liking all my pictures and ever makes a plan? And I could give an answer that I would give for myself that is a little icky. Yeah. But you'd give the truth. But I would give the truth and I think part of the reason, you know, I try to give it an edible way too. Like I think I put a lot of time and effort into thinking, what's a way to say this that isn't, a lot of things I say about dating aren't

easy to hear. Yeah. But it's the reality. what needs to be heard. Right. All right, let me go into this. So that talk, that explains a lot of your motivation behind what you do and how you did and how long ago you did it and that the money was not the driving factor. It was just the work. I want to end with this before we get your trading secret because I could talk to you

all night and we unfortunately have a cutoff here. But I want to ask you this. These truilies are hit. These truels are hitting, but bombing. Like, I think that's something that's relatable when you're in stand-up or whatever career you're in, you fall on your face. You're in a sales pitch, you stumble over your words. You're an interview, you fuck it up.

You're teaching your first class and there's a, you know, principal watching you and you totally bomb and get fired. When you bomb, what is the best advice you give to someone before, during, and after? Bombing is instructive. If you can change your perspective on bombing, bombing didn't just happen to you. Like, it happened for reasons. If you can look at those reasons and listen to them, you're going to be better the next time. And it's going to hurt and it's going to be embarrassing. You're not going to sleep at night.

I've had so many sleep in those nights. Because, you know, after you get an argument with someone, you go to home in the mirror and I would have said this and I would have said that and I should have said that. 100%. That's what you feel after bombing. You go, oh, and even like if someone heckles me, I had someone heckle me. And the worst heckling is when it's just talking. Okay. When it's not even at you, when it's not engaged.

Oh, it's like two people chit chat. Just talking loud. It's like the biggest insult. It's like you're not even there. It's all right and it's also Might not even be an insult That's how they're having fun That was the night they're planned on having

There's empathetic ways I can look at it And then there's fuck this guy I'm here funny You know So they're chit-chatting And they're you know The audience that comes from my shows Again I love the people

That come to my shows Like they're like you know They're like educated women Like fun groups They want to hear about everything I do a bachelor bit on the special Yeah But like they know me from the bachelor

But they don't care about what I talk about which is like amazing and I love it. And so they're all like the audience is like zoned in. I'm having a great set. Like it's going okay but it's five minutes in and these people are not talking. I see them out of the corner of my eye. Okay.

So I get to a part of the set where I talk about going to the beach and I talk about like looking at yourself in the mirror before going on the beach. How you have that moment. And I talk about that. And the girl who's been talking the whole night, she goes, what about wearing a tankini?

There's nothing to do with. with N Tancini. I haven't heard of someone wearing a tankini in like 10 years. And it's the person who's been talking the whole time. So they don't even know, I know that they haven't been listening to anything you said. Listen, if you're going to talk a little bit in the crowd and not listening, if you're going to go away from my show, that's fine. I'm not for you. That's okay.

If you're going to talk loudly enough where people around you who paid tickets for the show are being interrupted, that's frustrating to me. If you're going to yell out in the middle of a bit that I'm going through and everyone else is enjoying. you want the show to be about you and not about what people pot a ticket for and that's the hardest part about being me a nobody doing stand-up is like you're not listening to me

like it sounds bad so you have this weird kind of thing to work through and I go I was just saying what do you do so she says what about a tankini I go oh hold on let me check with the crowd did anyone here come to hear

the unplanned rantings of a drunk woman everyone just loved it everyone loved it everyone's laughing at her and and she's not hearing that you know she's again people who yell out like that going back she goes no well we want it you don't know what tank tinkini is and i'm like you know she didn't even to me if you want to spar with me yeah i just sparred with you you took your shot yeah i nailed you go away now we're back like there's redemption in this you know like i'm okay with you coming you i'm okay with you coming you i do this all the time i like talk of the crowd i can i can do some comics are like if you talk to me get them

the fuck out yeah yeah where you're like you're gonna spar let's go step in my ring if you want to play we're gonna play i love and and i didn't come here with i need someone to yell out that's not my plan sure that'd be a bad fucking plan for a stand-up comedian you know good thing there's some people that industry hack in the audience it's like no good good thing i made that person the audience It's fucking funny. Yeah. You know, you know,

so that is the only point to me. Like, the idea that comics are like, I hope some accountant shows up and yells something. Yeah. No, I got an act that I brought that I think and no kills. So,

and but you got to like, listen, if you're not going to listen and you're going to yell out, okay, now we're going to do the U show. So I start making fun of her and it's killing. She's not willing to relent. Okay.

So she, then she yells out, well, he tried to get tickets for Matt Rife. So, and we couldn't get them, so we ended up here. So now she's, like, trying, I can see the angle. She's trying to take a, like, dig. Right.

She's trying to take a low blow. She's trying to say, well, you can't sell tickets and that better comic because they sell more tickets. Whatever. And like, what did you say? I said, well, you'll have to go to his show and try and blow him then. So it's like, like, so you just keep sparring. Right.

That's the thing I'm not, now you're throwing A-maker. Right. And I don't feel good. about that. Like, I don't want to do that. I've had instances, I end up feeling worse afterwards. Like, I don't want to, like, make a fool of someone. Like, I... But what's the... Give me, give me a somehow. Give me an entrepreneurial business or bombing takeaway from that. Like, what is the, is the takeaway there like, you just have to be resilient, know your audience and adapt accordingly? Like, what's the... You have to listen.

You've got... You got to listen. That's a good takeaway. You got to listen. Because if I didn't hear her say the whole sentence, and take your time. You have more time than maybe the other person. Ooh, I like that. Again, this is like whenever someone's heckling me or it's a heckle, I repeat what they say to them. Oh, that's

a good one right there. And now you have time to think about it. And now you have time to do it. So, whenever someone yells something at me, I always repeat it. Even on my videos where I do these ick videos, like I have this bit about the ick. Yeah, yeah. And during the show, I go, ladies, if anyone has an ick, please yell them out. I always

repeat them back. I always, because I'm thinking of, like, what's the angle I'm going to take? I like it. So that's even in a positive space where it's not a bomb. These are people that want me to be funny. Yeah. So I repeat it back and then I have time to think during, you know, and I'm listening to them. And I'm saying the words to myself, oh, this is what they're saying.

This is what they mean by it. Yeah. They ended up getting kicked out in the middle, like right after that interaction. Okay. Because they're not letting the show move on. Like, I'm happy to let the show move on. Well, at some point, it's just like, you got enough already. You got to let him go.

Right. But I end up feeling bad. But you shouldn't feel bad. I know I shouldn't. That's your job. But again, like, you know, I guess I have my dad in my head. My dad's like, stop. Don't even talk to them.

My dad is like, you should never talk to the crap. No, but you got to engage them. And I like what you said about the bombing too. I think it was such a good piece of advice. Everyone likes to finger point. Everyone likes to say, well, I bond because of this and because that person said that or my asshole person in the audience. Right.

But I liked what you said, like, dig within. There's a reason you bombed. Identify it. work on it, correct it. That's huge. I think only bad comics. You know, you get a lot of people that will say, do you have to switch it for the audience?

I never said to switch it for the audience. I went to Europe. I did seven shows in Europe. Did the same act to do here for the Europeans. There were things I over-explained, things I would explain a little bit more to make sure they got it. Same act.

I love that. Stay consistent within yourself. And that even goes back to the idea about giving your best man speech. You've given the story before. tell the story again. You're doing an interview about yourself. You've told the story about yourself. Re-explain it. We got to wrap. I'm sorry. I have so much time. I could stay here for two hours with your stories. I want to come back. I never shut the fuck out. I'm sorry. After your Netflix

show, we're going to come back and see how it did. But before we do that, we need to trade, you gave a lot of trading secrets. I need a trading secret from you. It could be money management. It could be negotiation. It could be career management. Life management. This is a motto I have. One Jared, trading secret. This is my, my motto. And I can't. I came up with her. I lived with my brother. We lived on the Upper East Side and apartment. I was doing stand-up and he was working and we lived, he's my younger brother and he, you know, I would be like, what do you think of this joke or this premise or whatever? And he, if he was in a bad mood, he'd be like, that sucks. You know, he'd immediately that sucks. I'm like, no, no, nothing sucks. We write to edit. So that's kind of been my motto. I write something to edit. I like it. I don't do things. It's never a finished product. And this goes for everything. I'm writing to edit. It's not, that sucks. It's, okay, you wrote it down. Let's do it better the next time.

I wrote it so that I can edit it. So I kind of live by that. I write to edit. And you can't edit it unless you write it. And that can connect to anything. You can't invest until you give it a shot. You can't change your strategy until you've done it. You can't redo something until you've given a shot.

You can't fix bombing until you've bombed. Right. I think that is a great quote that connects to not only stand up, but everything. I listen stand-up is like the most instructive thing like if again like Pete's doing it yeah I'm sure he took away things from it that he never thought he would have taken away I think like if anyone was to take a class and just go try it and see you know not even they don't want to make it their life but you want to like learn from it course and and I really do think like what goes into like being good at stand-up is like so transferable in so many ways

that's interesting I'm going to put David to the challenge myself to the challenge in the recap one of us is going to try stand up in some capacity I don't know what capacity. We're going to talk about it. Jared, where can people find everything you have going on? At Jared Fried on Instagram. If you want to hear me yell at The Bachelor, I'm always yelling at The Bachelor.

And the special, it's on Netflix. It's on Netflix. It's like, a dream come true. I'm like, I can't tell you how thankful I am that you had me. I texted you. I was like, we met once. And I'm like, maybe you'll have me on. You know, so thank you.

It's called 37 and single. I want you to watch it, make it a date night, share it with your friends. Hit like if it's on net. Well, you know, I'm kind of praying to Father Algorithm. Like, I want people that would listen. But I want people that, like, listen to this podcast. You're interested in, like, you know, a high-level motivational podcast. We're here about business and entrepreneurial endeavors.

Like, that's the type of audience I want. Yeah. So I want you guys to watch it so that more people like you will find it and enjoy it. There's so many fun bits that I enjoy doing that I can never do again. Yeah. I also have a whole new hour that I'm on the road with now. So I have a brand new hour of material that I've been working on. And it's all about going to the beach with my family.

and it's called the family business tour and I'm like Jaredfrey.com for tickets I'm going to be in Huntington, Long Island I'm going to be in Atlanta, Seattle, all these great cities and it's a brand new so there won't be one bit from the special when I go to do a live show. Perfect. That is everything, Jared Freed.

We're going to have you back for two things. We're going to talk about how the Netflix series did and we're also going to get your take on the Golden Bachelor that's coming up because I know you're going to have a field day with that. I've been talking about this for years. I've been wanting it. Time has come.

And how excited are you? Jared will be back for that moment. I can't wait. 10 out of 10. Jared, thank you for being that train secrets. Ding, ding, ding. We have the curious Canadian, the one and only, David Ardwin, here to discuss the Jared Freed episode.

Now, he mentioned it, David, and I know you know it, but I met him right after he went on Caitlin's show, he was in the house, we hit it off, great guy. A few weeks later, he's like, listen, I now know I have a Netflix show that's going to premiere, I need to come on your show. I was like, I'll be in New York next week. let's run it. I had a guess that you would absolutely love this episode because the cool thing for Money Mafia back home is David always has a different stance than the Money Mafia, I feel like.

I feel like sometimes he loves the show and the Money Mafia hates it or he hates the show and the Money Mafia loves it. So David, I am very curious what your take is on Jared Fried in this episode. Yeah, very polarizing take sometimes by me. But first and foremost, it's good to hear a little step back and you're ding ding ding but you sound better let me just do a quick check in here jay it's friday the 18th of august as we do this you know from what i've seen you've still maintained a little break from social media so it's funny sometimes when you take breaks from social media even as one of your best friends it's like i feel like i don't even know what you're doing sometimes or what you're up to so obviously we've had some you know texts and combos over the last week since we really last

caught up about it, but, you know, give us a life update as far as Friday, August 18th goes and how you're doing with everything. You know, David, it's funny. I always joke around with people. I'm like, if I win the lottery, the first thing I'm doing is deleting all my socials. And I can confirm after this last, I don't know, almost two weeks of not being on social media, that would still be the case. I feel like today and yesterday is probably the first two days in a really, really, really long time, months and months that the highs are outweighing the lows, if that makes sense. Now, the lows are still there. But when I do a T-chart of, like, what was my high today? What am I grateful for? What was good for my physical and mental health? Just the last

two days have been a little bit better. But, you know, it's kind of like just, I'm not trying to thrive here. You know, I am trying to barely survive here. I feel like the foundation that I'm on right now is like, it feels like quicksand, if you will, and I'm just trying to make it like a beach sand, where it's still hard to walk, but like it's not sinking, you know, figuring out where I'm going to go, what I'm going to do, what I'm going to buy, I'm going to rent. I'm in a very, very short-term temporary situation now, but I need to figure out something quick here. So that's been my focus.

And I think it's just been a lot, you know, it's day by day. better and I feel fortunate saying this at 34 but the grief that I have experienced in the last like few months is the hardest grief I've ever experienced in my life and I know I know when I say that at 34 that I am so lucky that a breakup with a fiance is the hardest grief I've ever experienced but I'm just giving myself a lot of attention my mental health a lot of attention and yeah, the lows that I've experienced in the last few months have never been so low. So little baby steps and we're getting there. Yeah, let me just tell you from where I sit, you know, I can respect the fact that you said

that you're not trying to thrive, your belly surviving, but I think, you know, what I can do and what your community wants to see you thrive and we want to help be a part of getting you back there and we want to, you know, be there for you in these times. So you're doing all the things that you're needing to do to get to these places and in due time that you'll be back there. So, you know, while you are off social media, hopefully this is a nice little, you know, checking we can do every week before you're kind of back in the swing of things. So I'm going to hold you to that if you're good with that. You hold me to it. The more I feel comfortable talking through it, I will. And of course, like I hold my guest to, I said this

a couple weeks ago, I hold my guest to the standard of telling me what's going on, be transparent. As I go through, especially the financial side of this personal navigation, am I renting, and my buying, where did I go? You know, all these things impact. just the numbers of my life and decisions I'm making, I'll be open with all this in due time. So money mafia bear with me. It's coming. I love it. So let's turn the page here and let's bring the energy back up because you were absolutely right. Jared Fried came on, did the Jewish mother bit where he was already in character and I was like, oh boy, strap in. I'm in for an absolute ride here. But you know what? Like this guy's just straight out funny. And I think there

There's some really good personal advice that we could take into the life, some business questions that I have. But at the end of the day, I can respect a funny guy who's just naturally funny and they're not trying to be anybody but what they are. And he brought that energy big time. And I know the feeling when you're like, I could sit here and talk to you for hours. Like that definitely was someone, a guess that I feel like you could have sat there and talk for hours.

And a guess that I would like to talk to for hours. You know, the funniest thing about having him is it was so hard for me to even interrupt and interview him because I just. wanted to keep listening to him and then I'd have to remind myself like, dude, speak up, you got to ask questions. So I think I like your take though, because there were a few numbers he threw around for sure, right? We talked about the 80,000 for Netflix. He estimated two years to make $10,000 in this space starting off. So he got into that. But for me, I think there's a lot of golden nuggets within this industry that can serve as really solid blanket statements and pieces of motivation

for people in all industries as they navigate their careers in life. And so that would be cool if we kind of focused on some of his little quotes and tidbits and piece of advice that we could all touch on. Yeah, absolutely. The first one I want to get into is really the only business question that I have. That isn't like a life question. And it had to do with how he paid for the special, the ADK for the special. He mentioned that most comics and people like yourself have their own LLC.

So he said he paid for the special from his LLC. so that he could get a lot of business expenses paid for through that. I need you to dumb this down and explain that for me. When he pays for his special through his LLC, does he have to put money, does he have to invest money into his LLC? Is he just having a credit card that says Jared Freed LLC on it that comes out of the same bank account into his personal account?

How does it work? How do you take advantage of an LLC? What's really the purpose in that? I know that's probably a question you can do a whole podcast. on, but give me the skinny on with the advantages of an LLC and how he really used it. Yeah, we'll keep it super high level because we could do a whole podcast on business structures. But in general, LLC for anyone that doesn't know, it just means a limited liability company. And the biggest thing it does is it protects your personal liability.

So if you start a business, the operations of that business flow through the structure of an LLC. And God forbid, there's a lawsuit or an accident or any type of issue within the business. in which there could be a massive impact from a financial standpoint on yourself and the business, that liability is protected just in the shell of the business, right? Then there's other ways to layer out an extra protection through insurance. But the point of an LLC, really, is to help you reduce the liability on your personal financials when you start a business. The second thing is tax code, tax strategy.

And so he starts an LLC, it's for his whole comedy business. Revenue flows into this LLC from when he does stand-ups, when he does appearances, and when he gets paid from Netflix, right? That's the revenue side. Now, when he's saying expenses, just imagine this LLC, say Netflix pays him 90K for the special because he said they don't pay much, they didn't pay that much more. So suppose they pay, let's just say 100K, he would have 100,000 come into his LLC as revenue and he's not paying taxes on $100,000.

he's reducing the $100,000 by the $80K, it cost him to do this, to create this, and then he only pays taxes on $20,000, and that all flows through his LLC. Does that answer your question? That does. I was like the interesting business person that I am not thinking about that the revenue that he's also creating, getting paid into that, which kind of makes it go around. So yeah, you did explain that really well. So now, do you recommend LLCs for anybody that's starting side hustles or that doesn't have a side hustle? Is that something that people should look into getting an LLC? Should I have an LLC for, I don't, podcast work that I do or coaching things or things like that? I think that is an unbelievable question. And it's one that's

going to take longer than our 15, 20 minute recap. So hold on to that. And I will actually bring an attorney on. We'll talk about every different structure you could have from a partnership, a sole proprietorship, an LLC, an S corp, a C corp, and what would make most sense. for you. Well, I also think the people at home should know that we have been talking on the side about adding that second episode, kind of like a 15, 20, 30 minute little episode about these things that people are leaving in the reviews about retirements, about LLCs, about, you know, updates in our lives and current events. So just so you know, people, there's that little nugget that we're leaving out there. That was a brilliant point. Another episode, we're working through it.

The second thing is I'll be in New York, early September, doing some work. And I want to have some people on trading secrets from the money mafia. So if you will be in New York, that first week or two of September, shoot us an email trading secrets at jason turek.com, and you can be on one of these episodes. Okay, David, Jared Fried, what else you got? There's so many things, but I think there's an overall theme here. And I think what he showed in the lifestyle of a comedian is you have to just keep pumping out content and learning and adapting. This is where it can be translated into life skills. He said, bombing happens for a reason. it's not that it just happened to you it's not that you know you're going to have a consistent set

and then one of the sets you bombed bombing happens for a reason and it's kind of the whole like use it as an opportunity and learn from it and i know there's probably examples in your life and i know as a hockey coach if i go out there and lose eight nothing it happened for a reason it's not just by chance right it's not a bad bounce so i have to watch film i have to learn from it i have going to practice so it doesn't happen again. I just thought that sometimes in our lives, we don't take the losses or the negative things that are happening and sit back and analyze them and adjust for them.

I know that that for me was a huge takeaway that I got from this was just his ability and the comics ability in the industry to take results for what they are and not just look at them as to like, that'll never happen again, but that's happening. I got to fix it. I got to edit it.

I got to work. I think the bombing discussion was brilliant. And I think it was also a brilliant connection into his trading secret, which is right to edit. I think bombing is the same thing. Bomb to edit. You losing 8-0, lose to edit, fall in your face to edit, have a breakup to edit, have a life setback to edit.

All these things in life happen, and we can't avoid them, and we have to live through them. It's just like, how are we editing our approach? How are we editing our preparation? How are we looking at ourselves within to take that and edit it so that moving forward it can be adjusted and I think it's a genius nugget that applies to every aspect of our professional worlds but also our crazy personal lives too. If you really think about a lot of the guests that we've had on like Barbara Corcoran's one that pops in my mind like how many times did she fail, right?

How many times did she fail have our guests failed and they're like, ah, I failed? This is why I failed so I'm going on this new venture, this new thing. I'm going to tweak that and now I get to the next level. I'm going to fail there. I tweak that. I get to the next level and the next level. I just thought like his mindset around that was just so refreshing because it was like more like a duh like I have to fail so I can learn from it so I can get better rather than like oh what was me like I'm just going to tread in the mud for a long time I agree with that and I do not want to overstep this or oversee it when he talked about I never thought that I would be found and picked out of obscurity so I created it myself money mafia let this speak to you okay

we are not all Matt Rife. We are all not six foot two. Hi, Robin and Pino. We're all not six foot two, blonde hair, blue eye, studs head to toe that are funny, quick on our feet, can come back with crowdwork faster

than anybody in the world. Not everyone has that, but everyone has something super special. And unless you have this like outlying thing going on, like Matt Rife, people aren't just going to be knocking on your door. You've got to go find the opportunity. You have to create the Netflix series so Netflix buys it.

You have to find a way to get yourself in. And that lesson spoke to me. It spoke the Money Mafia. It spoke to all of us. Stop sitting back waiting and waiting and waiting for the people to come to you. Put yourself in a position to get lucky to succeed. His takes like the reason I'm here today is because I yelled at the TV on the internet. Like he was talking about seven nights a week lifestyle.

He was taking one night off to yell and do bachelor recaps and people in his own industry. We're like, dude, what are you doing? That's a waste of time making fun of them. I compare it to being a TikToker, like to be a successful TikToker, like take the Alex Earls of the world. She was pumping out daily content for years before she blew up. That's how these people have become successful. And it's just so motivating, guys.

Like, you cannot hear these people and have the same experiences enough that come on our podcast. They're on our podcasts because they're successful for it to not be, you know, reality. I know we're running out of a little out of time here, Jay, but I do either want to talk about one of two things. One, I loved his take on the advice being a storytelling when he was talking about the dynamics in a crowd and dealing with, you know, people chirping or like, you know, he's like, it's one thing if they're engaging and trying to get involved, but another if they're just

whispering. But he said when people chirp them on stage, he repeats the heckle back to them and he says, you have to listen, but most importantly, take your time. And I just think about arguments or that you have with your, you know, your friends or your spouse or maybe in a work conversation in a heated meeting and we feel so pressed to get our response and our answer and our statement out there. But I just thought in these situations, maybe it's a job interview. Maybe it's a negotiation. Listen, repeat and take your time so you can have the response. Did that resonate with you at all? It did. And I'd be willing to say that

almost 100% of the time with pure certainty when I take my time in situations of frustrations or high emotions and think through it and not react, but let myself understand it. I am thankful for that. And I could say with almost 100% certainty, the times I instantly reacted, the times that I regret. And so I really liked what he said about, take your time. And I loved what he said about, repeat back what they say to you. Because it gives you time to think. I loved it.

It was brilliant. Wasn't that a Chris Voss tactic with the negotiator that we had on? Yeah. Didn't he say if you repeat back, it kind of opens up Pandora's box? and now they'll touch on 10 different things and give you some more information. And on top of it, he said it allows the person you're talking to to understand they have been heard.

And that's one of the biggest issues in communication. But David, I love that point. I loved all the points you brought up. This is the time in the episode where we give something away from the influencer closet. Just go give us five stars on Apple or Spotify. Let us know what guests you think that we should have on and or any of your number one takeaways from this past episode.

We are giving it a way to Go Blue 62, loyal listener. I've been listening to Trading Secrets since almost the beginning, and I've got to say, Corey Warren's episode is exactly the push I needed. His trading secret by saying you miss 100% of the shots you don't take may have been a motivational slogan I've heard before, but exactly what I need to hear in this moment. I've been pondering a business idea with a written pitch, but waiting to just press send.

After listening to this episode, I went right home and did just that. His advice made me realize I don't have anything to lose and everything to gain. Being in my mid-20s, I've thought a lot about how I can set myself up for the future. And this podcast has offered some valid advice. It's so fun to hear from such a variety of guests between restaurants to reality TV stars on what they have done to get where they are at now. The podcast has forced me to think of my future in ways I haven't before.

I look forward to future episodes and financial advice. That's five stars, loyal listener. Go Blue 62. Just shoot us your address and name. Trading Secrets at jasontark.com. And we will send you something from the influencer closet. and for everyone out there, please remember to give us five stars. Please remember to give us a review.

Go follow the Curious Canadian David Ardoin on Instagram. Follow our podcast page, Trading Secrets Podcasts and everything we have on YouTube. David, you got anything you want to close us out with? Not if, but when we do a Trading Secrets Live tour, I need Jared Freed as a guest to bring the energy, to get some banter, to get some back and forth, work some crowd work. You said in the episode, maybe me and you were going to have to challenge ourselves to do a little bit of a bit or a set or something like that, I just sitting there, that guy's energy was electric and his ripping of you in your bio for the Bachelorette season that you were on had me in

stitches. So unbelievable episode. I was dying. I hope all of our listeners enjoyed it as well. He shredded me. It was amazing. And don't you worry, David. I made sure to clip him roasting me.

So that will be a live clip on all of our socials. That's coming. Love it. And thank you for everyone in the Money Mafia. Let us know what's going on in your week this week, work-wise, or what? what you're struggling with in our Trading Secrets Facebook group. And hopefully this was another episode of Trading Secrets, one you couldn't afford to miss.