Unashamed with the Robertson Family - Ep 169 | Jase Robertson's Stock Market Secrets, What the Bible Says About Money, and Redneck Chains

Episode Date: October 26, 2020

By popular demand, Jase reveals how he makes money in the stock market, and Phil and Al chime in with a biblical perspective. But first, Al is a man on the move, and he discovers there are rednecks everywhere. Jase gets ready to take Phil out for his first metal detecting experience. And Phil and Jase explore why chains are so irresistible to a redneck. Disclaimer: Obviously Phil, Jase, and Al Robertson are not licensed to provide investment advice, tax advice, or financial planning services, and trading involves substantial risk. No portion of this podcast should be considered investment or trading advice; endorsement, promotion, or recommendation of stocks; or solicitation to buy, sell, or hold any type of investment or security. In addition, past performance of a stock does not guarantee future results. The information in this episode is solely the opinion of the individual hosts. Find a financial professional to advise you before making any investment or trade. - Learn more about your ad choices. Visit megaphone.fm/adchoices

I am unashamed. What about you? Are y'all missing me? Sort of, but I mean, we can't even sleep at night without you. Three technology, Al. You never really miss someone. Well, but this is another, you know how I love first, Jason, on the podcast. This is another first. We have had guest on, so we know that you can have people zoom in. But this is the first time that one of us has zoomed in for the podcast. So I'm kind of excited about that.

Yeah, yeah, you sound good. Where are you at, Georgia, Florida? Yeah, I am sequestered in a secret location deep in the bowels of Georgia. I thought you were in Washington last night. Well, I was. I've been on quite the journey, Jay. So I went to, while we were in a condo, I fly to Seattle, Washington. I drive three hours down to Spokane area.

Is that where Steve Schultz was from, Dad? He was in the southeast corner. That's where I was. We hunted ducks there, and remember we hung out under apple trees and cherry orchards. That's what I saw. It was one of the greatest times. We'd go kill some ducks because then they have so many excess apples and cherries, and then we would just go, remember we'd go eat the apples.

If Shilts said the apple growers would leave. a tree next to the road, you know, interstate type road, you know, and they'd leave a tree there that people could stop and go get them a fresh apple. So I said, pull this thing over then. I didn't want to be accused of stealing their apples. He said, oh, no, they leave a few like that where people like you would say, boy, I'd love to have one of them tree-ripe apples. It told me that when you pick them one off a tree, by the time they get shipped to Louisiana, I don't know how long it takes. Something happens.

But right off the tree on top of a big duck hunt, they had mallard ducks running out the Yazoo. But the apples on them trees was just kind of a little exclamation. It's like the Yazoo. The Yazoo, a river in Washington? What is out of the Yazoo? Wahoo. He said, wazoo.

Wasu, Yazoo, same thing. Maybe that was a river. I'm like your mama. I have learned how to butcher the English language. Not to be confused with Yehu. It was Yehuis and out the wazoo. She came last night. Last night she walked here to me.

She said, all my girls was laughing at me because they had never heard. They said it wasn't a word. Ruination. I said, it's a word. She said, it is? Well, they all told me there's no such thing. It's ruination. I said, it's a word.

I'll look it up for you. I got the dictionary. She went to giggling. She said, I got to tell them that the ruination is a word. word, but she might have been using it as some alternate definition. She might not have been using it in its proper context, I would imagine. It was her version of hellfire and brimstone, ruination, and scared of all the world. Oh, actually, that's perfect.

That's good for mom. She finally, I bet then she called every one of them, didn't she? Ever last one of them. You got to remember, Al, when your woman gets in her 70s, she'll probably be like your mother when there's 15 or 16, they don't say too much. They run around, you know, they don't say a whole lot. They get in their 70s, you can't shut them up. Not that we would want to, of course.

So, yes, so we drove. It was a nice drive down there. So when I get to, the town is actually called Presler, Washington. And so I'm speaking at an event. You know, most people have canceled their events or doing them on Zoom or whatever. But these people, I was impressed because, I mean, they're in a blue state, right? I mean, they're in a state. Well, I think it's like divided.

I think the southeast. is red in the northwest. You're right. They say once you get over the mountain over on the coast side where Seattle is, then it just goes, well, you know what we see is happening there. Recogn there's something in the water or something?

They just said it was just the liberals took over the city, you know, because I asked them about it because when I got up there, I started talking, you know, and of course I said, I mean, if you ever were that I see, me, every hand went up, you know, 400 people. There weren't hardly anybody there that hadn't watched us, that knew about us. I said, well, there's rednecks in Washington.

day. Whoever knew that? And they started e-on and cheering. And it was just like, you know, and they were so excited. We came, but I was so excited that they were there, you know, because, you know, they were told they couldn't meet, but so they met outside under this big tent. Of course, we were doing a pro-life event. But I was just impressed.

I was like, you people inspire me because you're under tyranny, you know, because you're leadership and yet you're still out here doing it, you know, because I think it's as much easier for us because, you know, we don't have somebody on our backs the whole time. time. Yeah. Yeah. Rednecks are everywhere. I didn't realize it until I travel around. By the way, someone got in touch with me back in July. I had missed it, and they wanted one of us to speak in Canada at a meeting. So I'm just telling you to that. I doubt if I'd make the trip, but y'all might, you may be interested in it, Al. Well, I am a man on the move. That's pretty sure. I drove three, I drove three hours to do this event.

I drove back to Seattle that night. So that's six hours on a plane, six hours in a car. I get in the bed. I get about six hours of sleep. I get back on the plane. I fly to Georgia. And I'm speaking down here tomorrow. So this is a man on the move, is what you call it.

Well, good. It's for a good deed. You're doing a good deed for good deeds. It is. It's encouraging. Yep. So what about you all this week? What are you been doing this week? I just brushed two duck blinds.

I got up just after daylight, got stone in the eunuch, and we took off to the woods, cut a gigantic load of woolers, went out there, cut our boat run out. It was thick in there. We were checking our green seed that's growing what our duck water looks like after the hurricane came through, six inches of rain. So we had a couple of lines. I touched them up to final stages. so we got all our motors ready to go, mud motors, you know, going. Our vehicles, we're putting axles in them and this and that, now they're getting ready for duck season.

So I've had a full morning leading up to this. And then after this, Phil needs my assistance. We're going to detect. We're going, Phil's going to have his first metal detecting experience, but we're not looking for treasure. We're looking for a chain. A 15-foot-long chain. what you never want to do is drop a chain in a muddy area and run over it with a trachow

because you never see it again. So we don't know exactly where he ran over it. We knew about where the chain was. But I'm going to find that in less than five minutes. So you'll get to see it work. If you do that, I'll give you a crisp $20 bill. Well, it's going to happen. So what we'll do is we'll give you a report.

on our next time together on whether I find the missing chain or Phil I'm going to let him use my other metal detector I've never tried one oh yeah you'll have fun with it I know that there's a 15 foot long chain that a track hole ran over in the mud yeah and it went it went into the mud and so well prepare for amazement because when that when that signal gets over that it's going to go bang bang bang bang bang bang bang I want to hear then it's going to be like a slot machine

now because Phil is going to give me $20 if I find it in less than five minutes which will happen the only always remember the only thing a redneck will the first thing that he will jam on his brakes and squall sideways and run

back to what he saw is if he spots a chain in the road I agree with that hey How many chains have you have stolen in your life? If you're not looking at it, it will leave you so far. It's the most stolen item in this whole country

down in there around these redneck. The chain is an indispensable. I mean, I would say it's in the top five important things in a redneck's life. I've slammed on my brace. Good night, a chain. I mean, I'm talking about they, we're talking women, kids, dogs. chains.

I got a 15 footer. I'm not a redneck because I don't own a chain. And if I drove by one, it would have, it wouldn't, my blood pressure wouldn't even spike. Too much subdivision living some. I think it's because they get stuck so much. I mean, what do you think? Well, that's got to be what it is. That's a lot of it.

That's what it is. Pulling vehicles around. Yeah. So what I did this morning. Redneck is love mud. That's for sure. Yeah. And look, there's some down.

here last night when I was I was driving by I saw all the big trucks the muffler off you know I was saying about that so what what is the age Jason maybe you know this there's got to be a certain age when is the age where the sound of a muffler off a truck or whatever enhances it where it's so loud when does that when does that start to annoy rather than excite because everyone I see it it's always somebody young I hadn't ever seen anybody our age driving one like that well I know because you need to get out more they're out there y'all came too late because back in the 60s they started put them they called them they called them they had names for them Hollywood Hollywood mufflers what was the other one there was another one but anyway they talked about smitties twin smitties

twin smitties meant when you slacked off your gas oh they started all these mufflers and when we were 15 years old and someone drove by that had the fortune of having a vehicle, he would always, what we call rack his pipes for us, and we would all cheer. Oh, we're just like, go, baby,

that's it. And burn a little rubber. I would say it starts about 13, but out the still, I mean, it's the same thing with the Harleys that they're going after that sound. I mean, it's the look, they're on a motorcycle, but that, the

But doesn't that annoy, that annoys me. Here's what I suck. It hurts my ear. The concept is that was pre-cell phone, pre-instantaneous information. So now, if you want to get famous, you get on some Facebook page and you start running your mouth. But back then, the only way you could be famous, there wasn't on Internet, Jays. You said, what can I do that people would know? I am somebody.

Rack your pipes. Rack your pipes. Like you pat. Only dad, once again, Dad is the only person in America that could tie in social media to people racking their pipes. But it's about the same thing. Instead of wrecking your pipes, they racking their mouth. But Jeff Foxworthy, he became rich over one question or one pondering.

You might be a redneck if. And then he fills in the blanks. But if you're, one of your greatest possessions is duct tape and chains. You might be a redneck. Well, you might, if you rack your, I guess if racking your pipes causes you to have chills, you're, you might be a redneck. I just wondered if there was an age at some point where like, I don't think so. It sounded good and then it doesn't.

So it's more just the inner person. I'm just looking at the heart. Harley example, because most people who are driving Harleys are older, and those things can't get any louder. Well, that's true. And the reason they're much older is because they're very expensive. That's why you don't see a lot of young people on those. They can't afford it.

I've just noted that city dwellers and subdivision personnel, they're not into racking your pipes. They're just not into it. They're not into it. They've got a little electric car. and you can't rack anything out of that. It's silent. It's wrong with these people. They love mufflers.

That's right. And look, I was standing on a street corner and I was in a big city. And, Dad, you've got to look both ways because they'll come by you with one of them electric cars. You don't hear it coming. It's just, whish. I mean, before you step out in the street, if you're in, you know, Westwood, Louisiana, you don't have to worry. You can hear whatever it is coming.

But you're in some big city. You better look both ways. dangerous. The racking your pipes phase, it came in in the 60s, really late 50s and 60s, but it virtually is no more except a few little spots in rural Louisiana down in there. They still rack them a little bit. But that has gone. That phenomena has gone. I don't think so. I think you need to get out more. They're still doing it. They may do. Especially the old people. My favorite Foxworthy, Jay's, one I remember. As he said, you might be a redneck if you've ever said, let's help outside on the porch where the flies ain't.

It's bad. That's when you've got to let sink in for just to say. Let's take a break. Well, you got it. I guess we figured out something. You have two types of people, those who muffle and those who use muzzles. Yeah. And there's a—

I'm a musler. Yeah. The famous words of a redneck, hold my beer. and watch this. That is true. I like that one too. So Jason, so we,

we teased before that you were going to give us some, some of your stock market wisdom. Well, we did this based on popular, yeah,

popular demand. People are, they're curious because, let's face it, I have redneck tendencies. I'm not real smart. And this whole

financial world, especially in the stock market, seems complex. And I'm pretty sure y'all could prove my point on that because Phil. Jayce, that's not a very good speech if you're fixing to elaborate on the stock market. I don't have any sense. And I don't know how the thing works, but, and you're going to elaborate on it. Yeah.

So, dad. I want the audience to know I have no part of the internet, not internet, the stock market. I have no interest or part in that, whatever he's fict to say. So, dad, when you look at Jason is the first. thing you think is Wall Street. Is that the first thing that comes to your mind when you look at your son? I made my money the old-fashioned way, the old advertising used to say, I earned it. Well, trust me.

Hey, if you're going to make it on the stock market, you're going to do it the same way. Earn it because it's not easy. So enlighten me and make your case on what I should do regarding the stock market. I'll make the case. Y'all give me questions. A lot of people have asked. but I am living proof that if I can do this, truly anyone can be successful on the stock market.

Now, it has taken a lot of hard work, a lot of research. It started when, you know, when Duck Dynasty took off, we came into, for the first time in our lives, actual money. That is correct. Not quite all of us, but most of us did. So, you know, the numbers, with just bigger numbers. Yeah.

And so I had a guy, you know, from church, he was like, I'm a financial, I'm not even sure how he described himself. Financial advisor? Yeah. And he said, I said, well, what do you want me to know about it? And he's like, well, just telling you can take some of this money, and I can help invest that for you and you'll have more money. So could you make a case in your dealing with the stock market?

you make a case because you're growing up period to maturity you would look at a it was a gamble we're going out we have nets out and what we want is to end up with a tub full of catfish knowing that you were getting 70 cents a pound on the cat and we had a tub full and you could just look at it and say that my friend is a crisp $100 right at it. Well, at this stage of my life, looking back, if I'd have seen your fishing operation, I would have said, uninvestable. Now, the duck call operation.

Sounding like birds, how does that stack up for? I thought, no, that's investable. Although I would have called that risky in all caps. Yeah, first year sales, I remember vividly, first year sales, $8,200 and some change. And I made the comment, Ms. Kay, we are rolling. But I will say this, Phil.

If you look at it to what I do and what I've learned, because I've been doing this for two years. Now, after the, I met with the guys, and they said, we'll help you, we'll take care of you. So I gave them their money. And look, I gave my money. Who are the guys? I'm not going to name them, but it's an institution.

Did you say you're giving them? I gave them my money. That's the scary part. So all I do is get a piece of paper about every other day. I want to know who them guys are. I didn't know what they were doing. But I'm just looking at what I'm making here. And so after what, four or five years, I just looked down and thought,

I'm really not making much money here. Now, I was making a little. but not much. And there would be one year where I lost money. And I thought, surely I can do better than this. Of course, I had no concept of what was even going. I thought I knew just the basics. Plus, I didn't give you any help when I would have said at this point,

hey, Jace, they're slicking your son? Well, right. You kept saying, bad deal. I'll stay away, stay away. So what I did was I went to them one day. Now this was funny. I walked in looking about like I do right now to the institution. And I said, I got an idea.

Which is not an impressive look just at first time. No, because all these people were suit and ties. Spiffy. Spiffy. There's the secretary come in. Would you like him? I know what you look like. Yeah.

And so everybody's talking low, which we've already discussed. We know what that means. And I thought, you know, I think I can do better. That was basically what I said. That's your opening line? Yep. And they said...

Did anybody laugh out loud when you said that? No laughing. They said, I'll tell you what. And I kind of went over my... Because I started studying looking. I said, I kind of gave my formula. And they said, we'll put you with one of our tech guys, and he'll advise you, but he'll teach you.

He'll walk you through it. And I'm really... Were they saying? We're going to hire you? No, not at this point. They were just saying... So they weren't that bold? No, they wouldn't have given me a job.

You know, I just didn't have the look, I think. And so I go in there and I start about a year with this guy that I'm learning. And so then I realized this was way bigger than I realized. It's just a beast. And so... Jay Tidal just looked at it on the news reports from the... time to time with little slivers of paper all on the floor and people are running. So I looked at that and I said, what?

Internation is that all about? Well, I've ever asked. But I did think, I said, this is big. This is something big is going on to leave slips and little pieces of paper and waving them. A lot of them are waving them. I remember asking this guy who helped me learn how to do this. I was like, what is the biggest problem, you know, with people who do what y'all do?

Now, he was kidding, but I think his joke sheds a lot of light on what this industry does. He said, Prozac. And I was like, isn't that a drug? He's like, yeah, because you feel so much stress. All these people are like me walking in and saying, I thought the idea here was to make money. And so it's a stressful thing. So eventually, long story short, I went off on my own. After about a year of watching, studying, taking night classes,

learning how to read a ballot sheet, I mean, just getting to know the companies, getting to know how it all works, I said, I think I can do this. And so I've been doing it for almost a couple years now on my own. I've done really well. Have you done better than you were doing before? Oh, wow. Al, did you catch the part where when he's talking about the money, his voice softened like the dudes had the soft voices? I think I did well.

Now, having said that, having said that before I give you my philosophy, and I'm going to give our listeners, because look, I don't, I'm just going to tell you if I can do it. They're on the edge of their seat, James. Yeah, if I can do it. But remember this, it's been a great year. year in investing, if you're an investor, I'll just say this, if you haven't made a lot of money this year in investing, you need to scrap everything you're doing and go in the complete opposite direction. Because this has been like the greatest year for investors. It's just been awesome. You sound like Donald Trump.

It's awesome. It's been awesome. So here's there. There you go, ladies and gentlemen. Start there. Who you vote for. So the thing about this, though, so I was. just thinking when you said that that you didn't know anything about it you just figured you

could do better because you weren't making any money it sounds a lot like what dad was described him when he started duck commander yeah i was going to use and i was going to use that for an example the number one thing i learned and this is my presentation about the stock market is you're actually investing in companies now that you're like duh but most people they they're looking like it's a game. You got all these prices going up and down. But when I look at Duck Commander,

the reason that was an interesting company, because basically you had something that was different. You had something that could shake the duck calling market, because you had a different idea, which basically was we're going to sound like

ducks, which is part of, I've heard you give in your speech, I've given it in my speech. Back in those times most duck call makers were championship style duck callers. They'd go win a world championship and then they would sell these calls. But the problem was these calls, they were doing things that didn't sound like ducks. That's correct. So here, based on faith, based on reading the Bible, Genesis 9, you're like, let's build duck calls that sound like ducks. We'll get the ducks to come in, boom. So they called that, uh, you had something that was kind of breaking the rules of

of the norm, which was a great innovative idea. But more on that later, my deal is you're investing in the company and you're part owners in the company. Where people get off is they look at what the amount of the stock cost. They just make that up. Now, you can go do the research, but you'll figure that out. So like when you see, let's say Apple, I own Apple. And one of the reasons that I started doing this on my own is because the people I was with,

they recommended that I sell Apple. And so I did because they were in control. And I'm paying them, you know, fees to manage my money. Well, after it zoomed and took off like a rocket, I thought, boy, that was dumb. No, I, why did we sell that? everybody has a phone so anyway one of the first things i did when i just completely took over by myself is i went and bought apple i was like that never should have happened i mean people are they're not going to quit using their phones and look i'm i'm up actually more now even though

i got it at a at a bigger price than i ever was but here's why i wanted to say this so i had apple i think I bought it at 200, around 200 bucks a share. So you get one share, 200 bucks. Well, it goes up to 500, I believe. And so, which was a pretty good investment, right? And so then Apple says, well, we don't think people can afford our stock at this price. So we're going to do a stock split. And this is the reason I said the number beside what you think it costs is made.

up. So what they did was they said for every one share you have, we're going to give you five shares and we're going to make the price 100. So if you looked on the computer right now and looked up Apple's stock price, you'd say, dang, that thing's only $115. When actuality, it's the most expensive company on the stock market. It's worth $2 trillion. You see what I mean? So you have this, that's why it kind of looks like a game. because a lot of this is just made up. So if you want to see what a company's worth, you look at the market cap.

I'm investing in companies for the long term. I'm doing nothing in the short term. Other than in these volatile times, which is the reason this year has been so great, the volatility has been astronomical, which is great. So when the greatest thing I did in March is when the stock market fell, fell 2,000 points the Dow, which is representing 30 stocks.

They just pick 30 and say, here's kind of what it's doing. You got the S&P 500, that's 500 stocks. You got the NASDAQ, which is 100 of the high-growth, high-tech stocks. When the Dow fell 2,000 points, I bought 60 stocks. Because since I'm an individual, when it's all going up, I don't have the speed of the internet i don't have the institution to win that race so when other people are selling really good companies that shouldn't be going down that low that are awesome i was sitting there buying so the reason i've had such a good year is mostly because of that one day and i'll give you an example

you're familiar with lows yep you see them i wasn't looking for lows lows wasn't on my radar it wasn't on my watch list. I'd never looked at the balance sheet, but the day that thing crashed, I looked down and saw Lowe's at $60. And I thought, it's never been that low. It, you know, because these companies come out, not all of them start at zero, but that's for another store. They'll just come out and they'll have a price. So I'm like, Lowe's is not going anywhere. Let me buy some of that. All right, so let me just kind of give the overview because I'm chasing rabbits here. So you're

investing in companies, you're being diverse because there's 11 sectors to the stock market. And the reason you're diverse is because if you put all your money in one section and then something happens in the technology world, which that

is my number one sector because technology is just going out the roof. My number one stock is Microsoft. It's not number one because I bought more of it. It has just been the best performing stock that I have. And so a lot of, like if I read off my top 10, most of these companies you've never heard of. But I'll give you number two, which is the trade desk. I've only owned this thing less than a year, and it's my number two stock. And what they do is there a technology company that works in the advertising world like when you see a banner on

tv or whatever advertising something that that's what they do for the most part and so here's what i want to explain to you so how did that become the number two stock because i researched it it looked like a great company the growth was going out the roof and so i bought a little bit of it i start off small but then it fell so i bought a little more it fell some more i bought a little more i bought a little more. But I believed in the company. I was doing the research. I kept buying it. Well, I formed a pretty big position in it, and then it took off. One of those little earnings reports that I listened to today, they looked and outseated everyone's expectations, and it just zooms off. And that's why I'm reiterating. You find great companies, and you think long term, and you write them. And you get them

as at lower price as possible, and you be smart. You trim your higher cost. That way you don't have a tax issue. So the first year I did this, I made way too much money because I was just selling them when they got way high, like what they tell you to do. And I didn't realize you can trim them and not make a lot of realized money

and just keep going with the company. So basically you're taking money that you don't need and you're investing that into the stock market. Because if you're constantly taking it out trying to play this game, you can't time the market. You're just investing companies for the long term, and you're working your butt off and doing the research. That's all I'm doing.

And you're real diversified. So I got some dividend-type companies. I got some high-growth companies. But I cover the other 10 sectors pretty well. And so I'm diversified. and that's basically what you're doing. You've got to remember something. In 100-something years of the stock market,

it's always going up. No matter who's the president, no matter what happened through depression and wars, because it's that entrepreneurial spirit that you tapped into with a duck call, that people are going to come up with ideas, and it may come back, but you know, you don't panic, and if you stay away from fear and greed,

then you'll make a lot of money. What I'm doing it by myself, and the reason I'm telling people that you can do it is I have no fees. I mean, I think I pay $200 a year to one site. No fees. There's companies now that will let you use their software. This started last November and you get free trades. There's no advisory fee.

So I'm already starting way ahead, but you still have to put the work in. So that's basically what I'm doing. You brought an interesting thought there, which was then at the end, about, would you say greed and fear? Greed and fear. When the market sells off, people are being fearful. And it's okay. The markets go down.

One out of every three years, the market goes down. You're going to lose. Well, you can't panic. But for people that have that own straight, and they realize that our hope and trust is not in money. I was happy without any money. Yeah. That's why I wanted to go is that it was interesting you used those two words because I want to kind of close out the podcast with talking basically from a biblical view of what you were saying.

In other words, because you got a lot of people saying, well, you know, we should be like Jesus and we should just give all our money to the poor. Why are people who trying to get money? Which, by the way, that's not what Jesus said. But they take that from the rich young ruler from Matthew 19 because this guy had a problem. and Jesus pointed that out to it. But I've heard people say that. So I thought we should talk a little bit about just a biblical view, at least what Jesus said. It may be a little bit of the in the epistles about what does the Bible say about money, about capitalism, about, you know, obviously they didn't use those terms, some of those terms way back when they wrote the Bible.

But obviously, it's in there. But, Al, my point is the same principles that make you successful in life, the fruits of the spirit, or those godly qualities, perseverance, being content, that's what's going to make you successful in managing your portfolio. I mean, every time I don't sit there and say, oh, I'm up so much money, I just, you know, I want to make more and more and more. I just stick within the system and say, you know what, this is awesome that this stock is up this much.

This is a little too much. they're not this is getting silly so I'll take off a little bit not because I don't believe in the company a little bit I just realize there's a lot of greedy people out there just saying oh we want more

more more more more more more more so you got to step back and you apply those principles same thing when it's panic when everybody's panic selling you're like okay this is an opportunity here that's why I said this has been a great year because it's the volatility

I think there'll be some years where there won't be a lot to do if you believe, you know, in those companies. So that's what's weird about this. You still got to put the work in. You still got to be patient. You've got to persevere. You got to be open, you know, to criticism and your mistakes.

Because you got to remember there is one thing I probably should have said. This is a lot like baseball. You're not going to get it all right. You're just not going to get it right. You just got to get more right. right than wrong. And you've got to be able to take some risk. What I used to see like in the epistles, what you hear the phrase Paul used a lot is lovers of money. You know, it's in several, we're talking about leadership, whatever.

Those, you've got to watch the love of money is the root of all kinds of evil, you know. And so that's the thing. You're right. I think it's more about the motivation than anything else, at least from a biblical perspective. Where's the verses in there where Jesus said, when they were dispensed certain individuals with an amount of talents, which I took it as money. One of them buried his. The other ones, you know, that then one buried is, and Jesus said you could at least invest it at it so you could have got the interest off of it.

What text is that? I can't listen to one of the gospels. but to your point, he actually, and of course in the story, it was about, you know, the master or the one that, you know, the one that on the company in Jason's reference. He wasn't happy with just getting his money back. I mean, that was the principle. Of course, Jesus was applied into a spiritual walk, you know, that God doesn't want us to just sit in idle and he used that money, which is interesting because most of the parables that Jesus used evolving money, they were about. earning. They were about people. Remember he talked about the shrewd manager. And this guy was even, not even doing things the right way, but he was like, hey, but he's a good manager. So it was really

interesting when you read the parables, when I hear people say this about Jesus and money, I mean, God made us with an entrepreneurial spirit. I mean, where does it come from if it doesn't come from him? And that's what you're investing in. And look, and the people who are trying to get rich quick on the stock market, day trading or investing in penny stock. I know. there's probably a few people that are, I mean, people win the lottery. But there's no quick, easy way to do that this is a lot. If you're going to do it yourself, turn your hat around backwards. You know, it is interesting when you take the risk to invest your money.

I don't have a text in any of the list of sins. It never mentions gambling. Gambling is a sin. Well, in fact, if you look at how. they, when they lost Judas, if you look at how they pick the next apostle, they actually use what I would call gambling. They, Drew Stras, yeah, cast lots. So, I mean, that may be a terrible example. And they did that, by the way, the reason, the reason that was done that way was to take human choice out. I mean, in other words, they, they weren't sure. Jesus had picked

the guys, and now of a sudden they're supposed to pick the next guy, and they were like, we don't want to base this on human standard. And so that's the reason they cast the lots. So they would just leave it up to chance or God or it wasn't going to be us, which I think says a lot about it. For all the ones that get scalded, Godliness with contentment is great gain. This is 1st Timothy 6, verse 6. For we brought nothing into the world. We can take nothing out of it. So if you hoard a bunch of money and sit on it, and the poor are never helped and the downtrodden,

what you do with your money wise investment. But if we had food and clothing, we'll be content with that. People who want to get rich, and Jason made an interesting statement, he said he had some money that he wasn't using. Well, people who want to get rich, they fall into temptation. I would think one had to be careful

and a trap and into many foolish and harmful desires that pluns me in into ruin and destruction for the love of money is a root of all kinds of evil some people not all of them some people eager for money

and the scary part in all of this as we're talking about what you do with your own money that you've earned some people eager for money have one wandered from the faith and pierced themselves with many griefs. So there is something to be said about be wise when it comes to filthy lucre or money. Oh, you're right. My whole point today.

Money in the end is not going to, it doesn't remove your sin and it can't raise you from the dead. That's right. whole point today was that godly principles what you just read makes up for talent and knowledge and a lack of a finance background because these guys like where i'm getting these recommendations these guys are pros they keep how they keep picking these stocks you're and and the reason i'm not you know a lot of people's like well where is that you go do the work and find it because during the the process you learn how it all works but just start off off small, put little amounts of money because you don't want to put all that at risk.

But what I'm telling you is if you don't have a propensity to be greedy or fearful or to think that money's going to make you happy, these are the things that will help you. All I'm looking at it are good companies and I'm not looking at what they do with their money. If you go down that road, you'll probably never buy a stock, you know, because there's a lot about corporate America that, you know, may lean left or unguile. I'm just looking at it like, here's what I got to work with. These are products that we use.

They have good balance sheets, good working people. I'm putting the time of work, reading their earnings report. I'm just playing within the game. To just show you about risk. And making those decisions. One of the things I said when I, to your mother, I said, Ms. Kay, here's what I want do. I said, I top out at the most 35, 40,000 a year teaching school. I said, that's where I top out, spend a lifetime teaching school. I said, it's a way we'd survive. I said, I think I have a

better idea. Find me a place on the river. I will survive off me catching fish and selling them. I said, we're not going to be rich at all. I said, but we will make it. We'll survive with that. I said, but, and I held up, I reached in my pocket, and I pull out the first duck commander duck call, and I said, do you see this thing? I said, I made that. I said, I think I can get this on the market. And if I do, I said, how much I don't know, but I know this. You will have more long green, is what I call it, long green. I said, you'll have more money in your pocket through this than you ever will with me teaching school. I said, I think it's worth the effort.

I said, but you call it, what do you think? I was being kind to my little lovely wife. I had repented Jesus number one, I have an idea. So that was the idea I gave her, and she hesitated for about five seconds, and she said, let's do it. I said, find me a place on the river where I can fish the river, and we'll see what happens.

I said, but I'm telling you right now, you'll be better off at the end of the day than you are now. I said, I know that. So, I mean, we were sitting there. I was making $100 at the time, $150 a week teaching school, little Christian school. It was good. It helped me get on my feet.

But 150 a week, you know, what's that? 600 a month? Not enough. 600 a month is what we were operating on. And we went from 600 a month. and the Duck Commander days are now that was still setting a lot of duck calls, but to this day,

that the thing just went like a rocket, not like a rocket, just a slow... But if I'd have known what I know now, like then, as soon as that duck call took off, if you'd have taken a little bit that you didn't need

and just invested it in smart, great companies, you look up 20 years down the road, you're like, whoa. I did say, I did say, I said the formula was trust God, trust in God, trust in capitalism. And Jason gives us an explanation of what capitalism can bring for you, work hard.

And that was the formula that I had in my head. I said, I'm going to trust in capitalism. It's a great, the best there is, best system there is. I don't care what they say. Capitalism is the best. just had an idea. I went out there in a shed and put the idea into practice with no phone calls, no signing any papers, no, uh, do I go see the powers that be and do they? I didn't talk to anybody. I nailed the board on above the door, duck commander worldwide. And I walked out

there and everybody laughed. My all my college buddies, they all laughed. You know, Robinson done, messing around, fishing, catching fish. He's an idiot. Well, 30 years goes by and they say, said, you're a genius. I said, wait a minute. I was an idiot 30 years ago when I said, I'm a fish and build a duck call. Idiot then, but now I'm what? They said, you're a genius. I thought, 30 years to get there.

So I went, it took me 30 years to go from an idiot to a genius. It's the same thing my wife said when I said I was going to take over our finances in the stock market. She didn't say idiot, but I sensed it. You saw it in her eye after. a couple years, she's like, genius. But you mentioned it, Jason, it's the same with dad. The investment into what you're doing, I mean, you're investing money in the companies,

but really the investment here for you doing your own stock stuff, for dad doing business, you invest your innovation, your hard work. And those things are as valuable as money because that's what makes more money. And nothing about this is easy. Nothing, this is a job. No underhanded tricks, slicking, breaking the law, you know, Oh, sure. Yeah, that's right.

You know, everybody got on Trump because he didn't pay many taxes. We have a CPA that's hired. He gets a check from us probably every month. Our CPA says, do this money, take this money, do this, buy some equipment field because it will help you on the taxes, write-offs. But we go by the book, but we got a CPA that's saying, don't do this, do this. I recommend right now you spend this much of money, invest in some equipment. you don't have to pay taxes on that.

You've got to spend the money because you either give it to the government or you give it, put it in equipment. So I ended up with a lot of equipment. If the old Biden gets in, you'll be giving a lot more money to the government. That's correct. That's their plan.

So we need to get Trump back yet. We're out of time. Yeah, go ahead. No, that's all right. Go ahead. Jay's made an interesting point a while ago ago when he said, he said if I make too much money,

I just pay it out in taxes. You got to learn all that. You got to learn how that works. You want your realized gain to be right around zero. You won't unrealize to be lofty. Yeah. And the big dogs have got that down to an art form about when to spend, how much you owe.

I mean, you be in debt and all that. You know, it pays off and that you don't pay outlandish tax bills. That's what I'm saying? Learn my lesson on that. Taxes are another big part of it. Well, you did great. Give me half of it. Okay.

That was Matthew 25, where somebody wants to check out that parable of the talents and the gold. So I found that. Good discussion today. I think our first coming in from afar worked well. So you'll probably see it more in the future. Thanks for listening to the Unashamed podcast. Help us out by rating us on iTunes. And don't miss an episode by subscribing on YouTube.

and be sure to click that little bell to get notified about new episodes. And for even more content that you won't get anywhere else, subscribe to blazed TV at blazestivie.com slash unashamed.