Somebody got, you know, this past weekend, somebody told me I missed the can pop.

I think they're about to get one Popping every show.

I think you're about to get one.

That's not true.

I swear.

I swear to God.

No, they didn't.

I swear to God.

Somebody literally said I missed the can pop.

Yep.

I've been popping cans every damn show.

In homage.

In homage to our predecessor and frankly, to our beginnings.

To the beginnings.

As unhumble as he might be, I gotta set the clock.

Look at you.

You're juggling a lot.

I got a lot on my mind today.

A lot on your mind.

All right.

You know, when I start the episode, we're going to start it well ahead of this, right?

It's all coming in.

Welcome back to the number one financial literacy podcast in the world.

This is the higher standard.

Sitting in front of me is my partner in time, rocking the old school camo fitted cap, Christopher Nahibi.

Let the people breathe.

Yeah.

And of course, sitting next to me, across from me, looking, well, very professional.

Employed.

Yeah.

And employed employment looks good on you.

I look like a hobo.

Unemployed.

The one and only side, Omar making money for everybody.

Thank you, my man.

And sitting behind the desk, we have the Fijian himself, Rajeel.

What's up, my man?

What's up, guys?

Ready for a great episode?

Let's do this can pop early.

Yeah.

Courtesy of Saeed C4.

We're not sponsored by C4, but we should be.

Exactly.

Yeah.

I. I am a heavy endorser of the brand.

I like the product.

Yeah.

That's what I'm here for.

It's a great product, great flavors.

All right, Say it's trying to dive right into the show notes, but I'm just trying to soul search with everybody.

Rajeel, how you doing, brother?

I'm doing okay, man.

Yeah?

Yeah.

You feeling good?

Feeling good.

You look good.

Oh, thank you.

I got to tell you, it was nice to see you guys walk in the studio today.

It's been head down, me working on being unemployed, and it's really nice to see some guys who are employed walk into the studio, make me feel good about myself.

So thank you very much.

So today's episode.

Oh, we're doing one of those.

Yeah, we're doing one of those.

We've gotten a lot of love, by the way.

Episode 291.

Episode 293.

And now this is going to be episode 295.

School failed you.

Your job failed you.

And so did conventional wisdom.

Yeah, that's powerful.

Yeah.

And people have been really enjoying this, this deep dive type of content.

And it all stems from the book that I started to write.

And I thought to myself that this would be a great platform to share it on.

It is.

So I should probably back up a little bit.

When we started the show, we spent a lot of time talking about, like, current events, which I think we still still do and we'll do on this episode a little bit too, because there's been some crazy shit going down.

People are unemployed now.

Yeah.

If you're in the Bureau of Labor Statistics, for example.

Yeah.

The commissioner.

Yeah, yeah.

You may be unemployed.

Yeah.

Pull the curtain over a little bit.

Yeah, yeah.

We didn't do that.

We are all sorts of off our game tonight, huh.

It's just strange.

So, yeah, Trump.

Trump got some numbers from the employment revisions that were revised downward.

Mm.

And he felt that he was gonna take matters into his own hands and he fired the commissioner of the Bureau of Labor Statistics in large part in response to this data.

Yeah.

So the latest July jobs report that recently came out past.

So by the time this episode drops, like the first Friday of this month, that's generally when it gets released.

It Revised the previous two months, basically saying 250,000 fewer jobs were created than what?

I mean, minor revision.

I mean, this isn't.

This isn't anything new.

Right.

There have been revisions almost every single month.

And it's just because the way the data is collected is.

I mean, would you say outdated?

Well, I've had this problem with all the data that.

That gets collected for reporting by the government, by the way.

But yeah, I think it's outdated.

I think it's antiquated.

I think that, that they're relying too much on tertiary factors when we live in a very digital economy and things move much faster now.

So to get payroll data, six month lagging behind and suggesting that's a good barometer for what the economy looks like today is pretty disconnected given how fast things move now.

Yeah.

So for just for everyone to understand how.

How this works, they have approximately about 120, 130, 000 companies that they reach out to asking for.

For them to survey.

Now they have to willingly provide this data, which.

And honestly provide it.

Let's be honest there.

Let's be honest.

Not like the reviews that we get.

Right.

But honestly, like they got to.

They have to allow themselves to work more.

Right.

I mean, how, like how many people are going to just fill out a survey just for the betterment of.

Let's just say the jobs report.

How many companies are actually going to take the time to do that?

So when they, when they're selected to do it and then they don't do it, what do they do at the Bureau of Labor Statistics?

They estimate.

Yeah.

Those estimations can be a problem.

And then when you estimate them, when they get the actual data from, let's just say, you know, non farm payrolls or ADP or wherever, then they have to adjust.

So because I have a good analysis for this and it might offend some, I want to say this is a part of the show that we provide a parental advisory for.

It's like asking a guy how big his penises.

He's going to estimate it, but.

But he's never going to estimate it down.

Okay.

He's always going to estimate it up just in case.

And then there needs to be revisions.

Yeah, there'll be revisions after coitus.

After.

Right.

After it's been exposed.

Right.

So you might have an honest conversation at that point in time.

That's kind of what the numbers are.

For those of you in the economic sphere, you know that probably more accurate representation is the ADP report.

Right.

Where you get payroll data from adp, a private payroll provider who actually pays people.

They're actually paying people monthly in real time, actually bi.

Monthly in most cases.

So they have a.

Usually a good estimate, at least they're supposed to.

But I've seen some pretty big holes in their data historically as well.

So there is not really a good solution.

What I thought was really going on here was a different story though.

Okay.

I don't think Trump really cares about the revisions in, in payroll data.

Yeah.

What is neglected here on his part is the fact that he needed this report to be bad, to get the.

The rate cuts, to put pressure on the Fed, the FOMC for a rate cut.

And because he's been working in the backgrounds to threaten Jerome Powell, which we've covered on previous shows, who he cannot directly fire without actual cause.

And disagreeing on his fiscal policy is not.

Monetary policy is not the reason to do that.

Right.

So what I thought was really happening was this was a shot across the bow.

Right.

So as a reminder, the FOMC has two mandates.

You want to kick it off?

Yeah.

They want to make sure that they provide stable prices.

Right.

And provide maximum employment for the peoples.

And if the maximum employment number was a bit wrong and you're trying to put pressure on the man to quit, he can point to that data and say, I wasn't wrong.

Look, right and now you have the president going, not only is that data wrong, but I'm going to fire this lady, and you're next.

Yeah, exactly.

So.

And Rajil just pulled this up, this from Bloomberg Business breaking.

President Donald Trump said he was directing officials to fire Erica.

I can't pronounce her last name Intar.

For her.

Yeah.

The commissioner of the Bureau of Labor hours after reports show U.S. job growth cooling sharply over the last three months.

Now, the report also went on to say that the economy had weakened since Trump began his recent tenure.

Yep.

And it said that inflation in June had picked up largely in part due to Trump's tariffs.

So he basically said, hey, everything you guys are seeing right now, it's because of one man.

I mean, they put.

They put his name on it.

And that's the article.

And I understand the perspective.

I'm not taking a political side in this dogfight.

But what I will tell you is you're going to hear a whole hell of a lot more about this as we approach the September FOMC meeting, where there is a generally significant consensus of people who believe that is when your first real probability of a rate cut is.

Okay.

And now, now let's take, let's.

Let's go behind the curtain a little bit.

Okay.

Sexy.

Yeah, go behind the curtain.

Let's peel it.

Yeah, peel the onion.

What.

What does this say to everybody else who works on these data models who are providing these data reports, or another commissioner of another department that he's relying on, where you may have to print something that's not favorable that doesn't look good?

I mean, now you have to start questioning.

He just fired somebody for reporting accurate data.

Right.

Making revisions that they're supposed to make.

I mean, that causes fear.

And when he was asked about it, they asked him, so should people be trusting the numbers?

He says, why would you trust numbers?

Yeah, weird response.

Yeah, I saw that.

You know what I mean?

So it's like, how, how.

How is anybody supposed to take that?

I don't know that you're supposed to take it any, any type of way.

I think you should be agnostic to it, frankly.

So, look, the government is an imperfect system.

If that's news to anybody listening to the show.

You haven't listened to enough episodes.

Listen to more.

Okay.

The government is very imperfect, and there's an ideological disconnect between how they do things and how corporations would do things.

And yet, ironically, the United States is arguably the largest corporation in the world.

I look at some of these things, and I think to myself, a little bit of fear.

And I don't want anybody to lose their job.

But in this instance, a little bit of fear in the ecosystem of reporting is important.

Right.

You can't get a job, get tenured, be there forever and just think that you have this job forever, you still have to perform.

And if you're going to be revising data up or down, I think you do a good, you have to do a better job.

Particularly when there's this much scrutiny.

I mean, know your, know your audience, read the room, right?

She knew what she was reporting was a major part of what the FOMC was looking at and she knew when she reported it that it was light.

Now, for all you and I know, she had an opportunity to say something earlier internally off the record and didn't do so, which could have changed the paradigm as far as rate cuts go.

So there's probably a lot there we'll never know in total.

But I think sending a message like this is important for a number of reasons.

Not saying that I co sign it, but just saying that I think everybody who's in the data sphere should be on top of their game right now looking at the stuff they're reporting because it's a critical time in the economy.

You got economists like Mark Zandi, who I'm a big fan of, he's out there saying we are, we are inches away from recessionary economy.

I saw Muhammad Al Rain earlier today.

They're all, everybody that I know that, that, that I've always felt has been somewhat even keel on whether they have a recession, not recession kind of stance is leaning heavily towards recession now.

Yet the data seems to not really support those conclusions.

And I think it's very tactile for them.

I think it's how they feel because they see how the consumers feel.

Right.

Most economists aren't like Ballin, unless, you know, you're Noriel Roubini.

So you know, they feel that way.

Right.

And this is probably the first report in a long time that came out and they got published that probably made people feel like that report makes more sense with how I feel right now.

Yeah, right.

Like the reports of us adding 1200-001500-00300,000 jobs.

It's like, hold on, wait a minute.

The economy is doing great, but I'm feeling pinched every single month.

This doesn't, this doesn't make any sense.

And now if there was only a government agency that could make things more efficient.

I sense sarcasm here.

I mean, because things are a little outdated I wish they would modernize the way the data is collected.

Yeah, that whole thing felt.

Fell off what happened pretty quickly.

Right?

I mean like no one's talking about it.

If there was anything that needed to become more efficient is the data that gets reported, that gets analyzed, that controls the fed funds rate, that ultimately controls the health of the economy.

Right?

Oh yeah.

Regil.

The estimated savings as reported by the Department of government efficiency, amount saved per taxpayer $1,236 and 2 cent.

Now just because they printed this, I'm supposed to believe it?

Yeah, yeah.

Because they're saying they saved an estimated $199 billion.

And, and we, we know from previous episodes that they've actually calculated these figures wrong.

Just clearly wrong.

Like 10.

10x wrong.

Not even debatable for those 10xers out there that love 10xing.

And if you listen to the show, I hate you.

Don't, don't stop getting into our DMs.

Be like, Bro, how do I 10x bro?

I want to be like Grant Cardone.

Bro, how do I do it?

Yeah, I just want to do it the ethical way.

Yeah.

Well, there is no ethical way.

Yeah.

Yeah.

You're going to have to work hard.

Yeah, there you go.

Actually, I don't know what that's like anymore.

What am I talking about?

I'm unemployed.

What do you guys think?

I mean that's, I mean that's kind of what we're going to be getting into today.

We've all been fed this.

I don't know.

It's not that I completely disagree with this, but if I work hard, I will become successful.

That's the, that's the dream that has been pushed onto us and it's fallacy.

And that's actually a great example and we hadn't planned that.

So kudos to you for being on the, you know, receiving end of the lob.

But yeah.

Episode 291, we talked about education being a part of the problem.

Episode 293, we talked about corporate America being a big part of the problem.

Well, this episode 295 we're gonna tell you the continuation of the problem.

And it's the old wives tales, it's the logic, it's the things we think are good.

And if you wanna proxy, I know a lot of you are health and fitness listeners.

Shout out to Mind pump.

Where most of you came from.

Mind pump.

Mind pump.

Mind pump.

Oh, and sexy Adam.

God damn, so sexy.

Jesus.

Moment of silence for how sexy is.

Yep, that was good.

That's good.

True story.

People thought I was him walking in out of the gym.

See, now you can't.

Can't do that.

We're complimenting all sexies.

True story, by the way.

You know, I'm just saying I ain't, you know, come on.

Sexier, Chris.

But, you know, you know, okay, I'm holding my own.

All right.

For a fat guy.

God, I look back at the episode I did there.

I was so chubby.

How'd you let me go on that episode looking like that, bro?

And you had you before the show, you had a big beefy breakfast burrito.

Oh, huge.

I was going in there satiated.

It was not ideal, but, yeah, it did okay.

But I was looking back on that episode the other day, not perfect.

So the reason why we're bringing all this up is there are a lot of things you used to think in health and fitness, in those communities that were healthy for you that you now know aren't true.

Yet there's still all sorts of people on the Internet.

There's the Lane Norton's of the world who are very science based, and you've got the Gary Breckers of the world who have very controversial takes on things.

And you go back and forth and sometimes you find out things that they're saying are true, and sometimes you find out things they're saying are wrong.

And then you got guys like, you know, like Lane, who are breaking down everything based on just science as we know it today.

But even science changes, right?

So you see all the.

We thought that sugar was bad, and then it was good, and then it was bad again.

And then you think, well, fat's good and then it's bad and then it's good again.

And then you go back and there's a period of time where smoking cured ailments, where cocaine was in Coca Cola.

Well, we've done the same thing financially with outdated ideology that are not based on any type of science or math or real, frankly, experience.

But yet we believe in them.

We believe in them so wholeheartedly that they become so ingrained in our culture that we don't see that we're missing the concept.

And this episode is designed to break that down, to break down the barriers of what you think are keeping you poor.

But you're not poor by accident.

You're not.

And you're poor by design.

The system, all the way through school, through work, has bred this logic into you.

And then, guess what?

Your parents, your grandparents, the people who have dealt this hand, been dealt this hand their entire Adult lives are now preaching this to you as wisdom.

Right?

Right.

Yeah.

You have the Internet preaching it to you as wisdom.

And they, they seem believable.

Why?

Because they really do believe it.

When in fact, these concepts are generally not coming to you from multi millionaires.

Right.

They're coming to people you look to from a moral superiority, from an ethical role model.

Sure.

Yeah.

Good.

High ethics, you know, Dedicated parents.

Sure.

Who just want to preach security.

But wildly successful millionaires.

No.

Far and few between.

Yeah, yeah.

You know, it's true.

I mean, some of the supporting data that we have here to back this is.

Since the 1970s, US productivity has risen over 60% while real wages have barely moved, according to Pew Research.

I mean, I'm not mature enough to be able to cite that.

I mean, it's right there.

The average hourly wage in 1973, adjusted for inflation, was $23.68.

In 2023, it was $23.07.

A decline.

Right.

Meanwhile, the cost of homeownership has exploded, meaning home price in 1970 was $23,000.

Think about that.

It's actually true.

The neighbor in front of my house told me that he bought his house for $17,000.

And he told me, and I know how much you buy yours for.

And he started laughing at me like, come on, bruh.

Yeah, that's, that's.

You can't do that.

He's like, by the way, my dad owned that house and my mom owned that house.

Stop it.

Really?

So, yeah, literally what he told me.

Man, yeah, that's hurtful.

Versus the $417,700 in 2024.

And the problem is, is a lot of people like your friend here live through historical context.

And that historical context was a very different time in the world.

And frankly, in this country, post World War II boom created a generation of wealth via home ownership, pensions, and single income households.

That model is frankly dead.

We've covered that on the last show.

And it really isn't something that is practical, frankly.

Right.

I mean, more people than, than I can count that I know have dual income in the house, but also a third income from a side hustle.

And my wife just started a side hustle, by the way.

Yeah, she's.

She's doing great too.

I see the following.

Yeah, she's doing pretty well.

It's been a good thing.

I'm actually thinking about having her and the wives on the show at some point in time separately, because all three of them in the same room.

That might be, that might, that might be problems for you and I. Yeah.

It'S a problem for everybody.

And the Fiji, Brazil, are you okay with that?

Yeah, I got no problem with that.

Oh, look at confidence.

Yeah, that's, that seems like false confidence.

That's bde.

Yeah.

You can tell exactly what happens.

There's no bde.

As soon as we go off the hot mics, like, are you out of your mind?

I got no problem, bro.

Yeah, it's cool, bro.

My problem isn't with that, it's with you.

Yeah, yeah, right, right.

Also, the Reagan era ushered in deregulation and trickle down economics which widened the wealth gap dramatically.

You never heard about people saying, hey, the middle class vanishing.

You know that, that really started in the Reagan era where like little tiny tweaks made those changes.

But now we're seeing the impacts of those trickle down economics and now we're seeing the middle class get wiped out because of the home affordability issue, which you just noted.

The home affordability issue is going to be something we look back on in 10, 15, 20 years and say this generation has a lower net worth, a significantly lower net worth because they could not buy sooner.

Yeah.

And I, and I feel like for the economy, the health of the economy as a whole, this plays a major role.

If you can't sell people on that dream on owning a home.

If people start buying into the rhetoric of I'll never be able to own a home or it doesn't make sense for me to own a home.

I think the average age not too long ago for people to buy their first home was 28, 29 years old.

Right now it's 36, 37 years old.

And for most people, that means they're delaying other things in their life that they want to do, like start a family.

Right.

100.

And you couple that with what's going on, everyone is, I think a younger, the younger generation in their twenties are more afraid now than ever before.

They're afraid, they feel like they can't afford to make mistakes, hence why they go down this path of I'm just going to go to school, I'm going to, I'm going to commit to getting a good safe job and I'm just going to have my 401k and I'll be happy with that because they don't feel like.

But that's the problem though is we, we, we've now been preaching them, you got to buy a home, you got to buy a home because that's what your grandparents did, that's what your parents did, and it was Much more attainable to them.

Well, that's, I think society, that's how they measure success.

Yeah.

But again, an outdated norm like you can't tell everybody to buy a home because guess what, if you're trying to save to buy a home, you should be investing to build wealth.

Because right now that's a whole hell of a lot easier than buying a home right now.

And if your investments do such a good job that you have the excess capital to put down into a home as a down payment, then good for you.

Go do that.

Right.

Don't, don't forget, like sitting on the outside and looking in on somebody's situation.

It might look like because they own a home, things are looking up.

Right.

But you don't know what stresses they might be under you being in control of your own time and being able to make your own decisions and move the way you want to move, meaning you're not tied to one job or I can afford to make these investments or take this risk in starting this business, in my opinion.

Now looking back as a, you know, 39 year old, that's real wealth, right?

That's success, freedom, financial freedom.

Yeah, yeah.

And that's gonna be a resounding theme actually in this episode and we're gonna talk a lot about that through a lot of the fears that we bring up, you know, and, and look again, it goes back to the whole fear based culture and it really bothers me a whole lot.

But the American dream today, a half a million dollar house with 3.5% down, which by the way, rates are not this low.

Yeah.

Right now.

So it's actually worse than this.

Financed by a 30 year FHA loan and about 40% of your take home pay.

You don't own the dream, you're renting it from the bank.

And that's a very grant cardone ish, like take, but it's not wrong.

Right, right.

Like I don't have a problem with someone like a guy, a guru out there saying, hey, don't buy a home.

These are the things you got to deal with.

Exactly what you said for all those reasons.

Yeah.

What I have a problem with is them saying, hey, don't buy a home, but invest in property through me.

Yeah, yeah.

Like that's self service.

You're now taking someone's fear and their weakness and turning it into your profit vehicle.

That's where I'm like, you're a piece of shit.

So what would you say to the type of person that's like, okay, my cup of tea is investing in real estate, but I don't make enough to invest in real estate.

Real estate investment trust.

Right.

So for, for like the average investor, I mean, can you make good money as an investor through a real estate investment trust?

Sure.

Because I know that, you know, the people out there like Grant Cardone are promising a certain return, right?

Yeah.

But that return is typically done in a very different way.

And also people, people hear returns, they go, oh, I'm making 12 a year, 11 a year.

That is typically not what you're seeing in a syndication like structure.

Let's break this down a little bit.

Let's take some time, let's be thoughtful, let's do it.

Let's actually sound like we're employed tonight.

There you go.

A real estate investment trust is a tax benefited trust.

Right.

They have a different tax structure.

So they're allowed to pass more profits onto you, the end consumer.

Right.

If you buy them like you would as piece of stock, it has a Q sip and you buy them like a piece of stock and you buy them the same way you would a mutual fund, index fund.

You buy a real estate investment trust, you get the benefit of their investments into real estate.

Right.

Because you're backing them basically and they're buying real estate with it, but you're getting it with a bunch better tax basis.

But you also get the upside in some write offs and some benefits that you otherwise look at.

Bug in the studio.

Got it, got it.

I'm out here.

I'm like a ninja, bro.

Yeah, I was just gonna say out.

Here, I'm out here.

But you need the benefit of the, of a tax benefit.

You would say same.

The benefit you get into owning real estate yourself directly, almost identical to that via owning that.

So you would get your pro rata share of the real estate investment trust assets.

Because if you buy one share, you're gonna get a lot less than you bought like 100.

There you go.

So same way to get that.

Now those in real estate investment trusts will get benefit over selling assets over time and hitting certain returns.

But those are generally you're getting passive income on rents and maybe some liquidation of some assets when they do some equity play.

But it's rare.

Generally speaking, they're set up for some time.

Now, on the other hand, a syndication, you're buying into ownership of a property generally one.

Right.

And they're syndicating out the ownership structure.

So you said say, hey, I want you, Chris and Rajille to give me money and I'll return my investment on you.

And Your investment's going to be your percentage of the rent every single month.

And then it's going to be.

Whenever we sell this thing in like 10 years, it's going to be that equity upside appreciation.

But then what if you want to get out of that kind of a.

Deal, generally speaking, these are illiquid.

Or you have to get special authority from the guy putting the syndication together, who then has to take a vote of all the other shareholders to allow you to be liquidated, because it's going to take away assets from, from the syndication vehicle.

The problem with people like Cardone is is they take the average return on assets over the last like five or ten years and say, okay, you can expect about that in 10 years.

But that hasn't happened yet for him.

He hasn't liquidated one of those yet.

So really what you're getting is just your pro rata share of the rent every single month.

And as a guy who owns a lot of property, I can tell you that isn't meaningful unless you own a lot of property or unless it's got very, very low leverage.

But here's the problem, is that even if they finance 50% of the property, there's a lot of people like you out there who are helping to finance that 50% of the property, and you were not a meaningful portion of it.

So you're going to get a very, very, very small check return on your dollars in most cases.

I think I've seen it somewhere between 6 and 7% as a high number for a lot of syndications.

I mean, at that point, you would have been better off just going into the s and P 500 and let Nvidia make you rich.

Precisely.

But all those people will then bank on the idea.

But I got upside coming to me, Chris.

I've got equity upside coming to me.

You don't know that, right?

Is it a good probability?

Yeah, depending on how long it goes, yeah.

But it can go on much longer than you want.

What if you need those assets now?

You have no, no way to get that cash out so liquid, generally, yeah.

So a real estate investment trust for people out there that are interested in maybe getting into real estate just because you feel more comfortable and you feel like it might be a safer asset.

But back onto our theme of things that we've been taught to make us afraid.

A lot of people don't understand credit and it scares them because they don't know how to build credit or maintain their good credit.

Right?

That's right.

And a lot of that is Actually dependent on how much debt you can manage.

Yeah.

So a high credit score doesn't mean you're good with money.

It means you're good with debt.

FICO scores reward debt behavior, not wealth building behavior.

Paying off your mortgage or staying out of debt.

That could actually lower your score.

And we'll pull this up.

This is actually something I've referred to a lot of times on previous shows when we first started the podcast.

35% of your fico score is made up of payment history.

10% is your credit mix.

Whether that's long term or short term stuff.

We'll get into that in a minute.

15 is your lengths of credit history, how long you've had credit cards or mortgage payments.

If you've had them for 10 years.

If you had them 15 years, it further bolsters your score versus you've had them for a year.

Just shows a longer duration.

10% is how much new credit do you have Is actually new credit is generally bad for you.

You don't want to add new credit, but it does have some benefits where it'll give you more credit exposure.

And 30% is your amount owed.

Some cheat codes Here is your payment history is gonna be your biggest portion of the 35%.

So don't make late payments.

Pretty simple.

Yeah, Exactly.

I mean one, one 30 day late payment could set you back.

Right.

So just, you know, for a lot of people what helps them with this is at least having an automatic payment set up for the minimum.

That way you're covered.

Yep.

One, one thing I've seen really propel scores is having a good mix of credit.

It's not uncommon for a younger person to have credit cards for five, six, seven years, but their credit score is still roughly low.

And the reason why your weightings are off.

What you want to do is you get an auto loan or a home loan or some type of installment debt.

And unfortunately student loans do not count towards this.

That auto loan shows that you can make a commitment, draw a large amount of money to buy something and then pay it down over time.

Consistently.

Yeah.

A lot of people get a major boost in their credit score once they pay off an auto loan.

In a lot of ways it anchors your score.

So even if you have for example, some new credit, you because you had that installment debt that's been out there for a long period of time, generally speaking, it'll anchor your score and prop it up a little higher.

Is that, is that one of the things that I've heard parents do this where they set their kids up and put their name on the auto loan.

And it can be, it can be that, it can be a number of reasons.

I don't, I generally don't like it when parents do that.

Unless you absolutely have to, to get something done transactional at that moment in time.

I think no, just to set them, their kids up with a better score.

Should be pretty good in the beginning.

They should be.

Right?

Yeah.

The length of credit history, this one, this one has helped me a lot more than I actually knew.

So I had a college credit card, a Wells Fargo college credit card when I first got out or when I was first in college.

And, but all my banking relationship, once I got married, I transferred over to Chase.

Right.

But I never closed down that college credit card.

So.

So my limit never increased.

But because of the length of history, has been there since college.

Yeah.

Right.

That helps me a lot.

So you, and you'll get notices in the mail like you haven't used your card in a while.

If you don't use it by X date, we will shut down your card.

And you want to make sure that that doesn't happen.

If I did that, then that would wipe away, you know, 25 years for me.

Yeah.

And there's also the amounts owed.

Like, you don't want to use too much of your available credit even though you have it available to you.

You want to typically use about 25 to 30% in the pay it off every month if you can.

Right.

So then if a card closes down, then that actually increases your overall percentage.

Right.

And unfortunately, this is not about your financial health.

This is about gaming the system.

We've just given you cheat codes on how to game the system.

That doesn't make you a better borrower or a more credit worthy person.

It just shows that site has been paying and playing the system for a long period of time.

It's all about your bankability and you are the end product to somebody who looks at the score.

But let me, let me challenge this traditional norm.

Do we really use credit the same way as our parents did?

No, I don't think so.

In some ways, yeah.

But in a lot of ways, no.

If you're a kid and you live in a major metropolitan area, is it better to have a car payment or is it better to Uber when you need to?

Yeah, right, Right.

If you're a younger person and you don't have a family and you like new areas or being around different places, do you sign a lease or do you use Airbnb?

Right.

You can use long term Rentals like that.

Right.

So if you did those things, you could essentially walk away with no real traditional credit score metrics or trade lines from this activity.

You've done well for yourself.

I see this a lot with a lot of wealthy kids.

They've never used anything besides an ATM debit card.

Why do I need a credit card?

Why should I be less bankable?

Because I have not utilized this, shouldn't that make me more bankable?

I mean, we think about it, it's like, well, kind of.

Right.

And yeah, there's circumstances you have to do what we have to do with.

But there's behavioral stuff, which is really interesting too, with, with the, the rise of AI that.

That has really changed this.

I can predict your spending a whole hell of a lot better.

Which, by the way, based on the conversation we had earlier today, we got to do a full breakdown on some stuff that people can do with AI.

Yeah, I mean, I should probably point out to the listeners that I have.

I geek out on AI, I geek out on aliens, I geek out on Egypt.

I get out on a lot of these.

These topics that I just find really interesting.

And I went down a rabbit hole over the weekend on AI.

I wanted to understand some of the models for image and video creation better, but I learned a lot of really cool things about what I'm using it for.

Wrong.

And I use AI probably more than most people do.

I typically use ChatGPT, the learning language model.

I'm using the paid subscription Service.

It's the 4O model.

And like, for example, I've wanted to create consistency of images for a long time.

And I realize now that I've been putting in images saying, hey, create a similar image.

And that when you think about it as a human perspective, that makes total sense.

Like, you know, I could tell you to create a similar image and you could probably look at and go, okay, that's minor tweaks.

Yeah, well, unfortunately, there's way better ways to provide consistency with a learning language model.

And just in the answer is give me a JSON code, which is the coding that's behind this for this image.

And then you can then replace what the image describes in the JSON code for tree to a car, car to a camera, camera to a watch.

Now you're speaking the.

In the language of the, of the learning language model.

And it knows to just give you that exact same description, but for a tree.

Yeah.

And it works phenomenally well.

You get consistency of images over time.

There's also visual models which are spectacular.

I hadn't played a whole lot on Google's VEO model.

I haven't either.

And I played a lot with it this weekend just trying to create videos and images based on descriptions and it was phenomenal.

There's actually.

You can go into your settings and I know on chat you can.

I have the paid version 2.4.0 and you can.

In.

In your settings, you can input a prompt that basically removes the ability of.

Or remove it being ultra biased towards you and have it actually point out the.

The plot holes in your questioning or your reasoning.

So it's actually working with you to.

Oh, another bug.

Look at you.

Go ninja.

No, I missed it.

Oh yeah, you did.

Not as fast as me, bro.

Go ninja.

Huh?

All that fur.

You think you trap some of those little bastards in there?

Being a slide trap.

Yeah.

Yeah.

So here we go.

So number three on our list here that we wanted to dive into was the consumer illusion.

You're not free.

You just have 12 streaming services, a leased car and a student loan bill.

We've traded ownership for access, and that access is bought on credit.

What feels like freedom is just consumption with better branding.

So modern credit scoring system was developed by Fair Isaac in 1989.

It's a lot different today than it was then.

So it should come as.

No, no.

It should come as no surprise that the ideology of freedom that came in the night, the 1980s versus today is different.

But we've bought into this illusion.

We've bought into this thought.

Right.

You know, credit cards, mortgages, auto loans, these all became profit centers for banks.

And I'm a former banker, so me telling you that isn't speculation.

I've lived it and I've seen how incredibly profitable it can be.

You're not free.

None of us are.

And I'll tell you the best way you can take a proxy for this.

Go look at how many subscriptions you.

You have.

And I can tell you that as much as I have tried to avoid subscription services, I'm fully ingratiated now.

Exactly.

They make it to where you can, like, live without it.

Because for businesses, it's an incredible revenue model.

You pay them every month.

It's predictable, it's stable.

Yeah.

And you can grow it.

And that's why they love it.

Right.

The problem for you as a consumer is you are spending that money every single month regardless, because you want that product or service.

Right.

And their customer base falls into routine.

You, you are now living with this service.

And for you to go out of your way to cancel it, it's probably going to impact you a lot.

Have you done this?

Have you gone to, like, your Apple, for example?

Oh, yeah, yeah.

It's all.

For us.

It was all I had in the beginning.

We had to really monitor the.

Everything we had for the kids.

Yeah, the kids stuff is where they really get you.

Because a lot of times you're just signing up and you probably just forget about it.

Right.

I try to monitor those regularly.

But it's not just the kids stuff.

Like, I. I did this with my wife a couple nights ago, just out of morbid curiosity, because I wanted to know, because I'm.

I'm the guy who likes watching television and film.

We switched from cable a while ago, Right.

Cable is expensive.

Yeah.

To YouTube TV.

To YouTube TV.

80 bucks a month.

Okay.

Not 300.

Sure.

But then I'm like, wait a minute.

We pay for.

We pay for fiber optic cable at the house.

70 bucks a month.

Right.

But you're going to pay for that regardless.

Yeah, I was, but you start adding these things up and you go, okay, wait, I'm paying for hbo?

Yep.

Right.

I'm paying for Netflix.

I'm paying for Disney Plus.

I'm paying for Amazon.

Comes with Amazon prime, but you know what I mean?

Like, I'm paying for all these things.

Yeah.

And I'll find myself going from different apps looking for the best content.

Wikifeet.

I just love the footsies, the arch ball, the little nubbies in the side.

Brigitte, you can turn it on right now.

I see him giggling back there.

Too bad the curtain's open.

The one, the one that, honestly, that I'm so close to pulling the trigger on.

Every single month is just YouTube by itself.

No ads.

I so badly just wanted to pull the trigger.

I've had no desire to do that.

No, not pay.

I will, I will.

I will let the ads play.

Like, I. I know it's a waste of time.

It doesn't bother you at all?

Like, hurry up and get to the point, man.

What bothers me, there's two types of ads on YouTube which pissed me off to no end.

First of all, the long one.

You okay?

Why?

Yeah.

Every once I get one that's like a minute long.

You're like, dang, you pay for that.

Like, what are you doing to me?

YouTube.

Like, you knew people gonna be mad about this.

And you're like, I'm put it up.

Yeah.

And they know exactly when to drop.

And you can't skip.

Yeah.

Come on.

Dirty.

That's what I'm talking about.

I'm like, I just want to pay for it so it's out of the way.

That leaves me as a nice segue to my other type of ad, where you get two ads in a row, and the first one you can't skip.

Oh, man.

Is it one of two?

Yeah, I call it the Punisher.

You give me the Punisher.

Is that what it is?

Not the Diddy Punisher.

The Marvel Punisher.

No, stop it.

Don't be brought up the ditty.

Don't be dirty.

Still in jail, by the way.

He's back there laughing.

Who did he.

Yeah, I thought he was out.

Is he?

I can't even tell anymore.

No, your.

Your thing's all pop culture is.

Is Diddy out?

Oh, you the pop culture guy.

He's Googling right now.

He's like, I don't know.

Is Diddy out of jail?

Is diddly did.

We all.

We're asking because, you know, it's.

It's around the corner.

No, you know what?

He's not out because his.

Yeah, no, no.

Juror number three was supposed to be his ex wife, and she wrote a letter today to the court asking for.

For him to be released, which was weird.

I know that because I read that this morning while I was not working.

Yeah, you're gonna come out looking very different.

I guarantee you that.

So the subscription economy took off in 2010.

Is what began with Netflix, has expanded to everything from Razors to Teslas.

I mean, hims has a subscription.

I would know.

Yeah, I just heard.

Yeah, yeah, yeah.

But you can get subscriptions for everything.

Even Amazon.

You want subscription delivery of the products you consistently use.

Here you go.

Subscribe.

What the hell, man?

We don't want subscriptions for everything.

Because you know what you're doing to me.

Here's what you're doing to me, America.

Okay?

Here's what you're doing.

All right, all right.

I gotta pay my subscription tax fee of the government, right?

Assuming I had a job, I realized I don't have a job right now.

But if I were making money, I had to pay my subscription tax fee to the government, right?

Then I gotta pay all my subscriptions here.

I mean, how is there gonna be money left over at the end of the day?

No, I know, right?

It starts getting crazy.

Buy now, pay later.

Only makes this problem worse because guess what you do.

You buy something now, you get the benefit of it.

It's glorified layaway.

Yeah.

And then you pay it like a subscription.

Over time, it's expected to reach $437 billion in global transactions by 2027.

And you know what they're preying on?

They're preying on consumer behavior because they know that these are, you know, miniature dopamine hits that the consumer gets.

Right.

Having.

I want to have access to my HBO show.

Yeah, right.

I want to have access to YouTube.

YouTube, TV.

I want to have access to all these other things.

And it's just.

These make my life easier.

So it's okay.

I'll deal with it.

I'll just continue to deal with it because it makes my life easier and.

It gives you that small hit of dopamine.

Yeah.

This is.

This is the messed up part about being human.

We all have to.

Yeah.

Going to your phone, opening up, hitting the app, just boom, got in.

Your phone is a mini casino.

Every time you open it up, you get a tiny hit of dopamine, just like you would on pulling that old school handle in the casino.

No, no.

And that's not even like hyperbole.

Like, that's real.

Literally, Literally when they.

When they created the.

When they created the phones, they were actually analyzing it to recreate that same effect.

That's where the infinite scroll loop came from.

Yeah, right.

If you go down and there's more there.

Ooh, more Ooh, that's dopamine.

Ooh, dopamine.

Dopamine.

Yeah, exactly.

Right.

No different than the slot machine just continues to roll 100%.

And we talked about this at lunch.

We have moved from a. Oh, God, look, side's got all this influence to.

They don't even show you your timeline now.

In a timeline.

Yeah, it's not.

It's not chronological anymore.

You know what it is?

Say, like, seeing foot pics.

Let's show him more foot picks.

No, my for you page is all basketball training.

Right.

I get what you're saying, like, allegedly.

But what I'm saying is, is that you don't even see, like, a normal chronological timeline from your friends anymore.

What you get are the posts they think you will like.

They are training your brain.

They being social media is training your brain to be desensitized to dopamine.

Right, Right.

Because now you see a picture you like, ooh.

But now you see more and more.

And then you see an ad for a conversation you had at lunch.

You're like, oh, how did you know?

And then it requires a more extreme thing to get the ooh out of you.

Yeah, right, Right.

Because then we wind up becoming a more extreme culture because you get more and more desensitized over time.

But spending Is no different.

Buy one subscription, buy two subscriptions.

It we're all buying 40 subscriptions, you're desensitized to it.

You just want the dopamine hit.

You feel rich with a thousand dollar iPhone, a car with Apple CarPlay and access to 1000 shows.

Meanwhile you have a negative net worth and no emergency savings.

Most people do not brigil.

I can't read what the hell that is.

I got you right here, bro.

The part of the brain that is affected by screen time is known as the frontal cortex.

We talked about this.

Not fully developed to the age of.

26, in some cases 45.

The outer layer of the brain that processes information.

Studies show that screen time can cause physical changes to the brain that are similar to those caused by cocaine.

This is especially damaging to young people as their brains are still developing.

Now would Hunter Bryan say that if it was crack cocaine, it's okay or.

That's what he said, bro.

He said it burns away all the chemicals.

That's what he said.

Not me.

I didn't say that.

Nope, not touching it.

Reill, you got anything?

Whose bag was it at the White House?

I can't take you to anywhere.

Jesus Christ.

All right, so I'm gonna say something that's equally as offensive considering we've crossed the crack line.

Yeah.

Okay.

This is modern day indentured servitude.

Okay?

Not to one master, but to your financial obligations.

The whole point of this show, the reason why we started it was that we were trying to break people free of this type of, I guess, self slavery, if you will.

Like you're a slave to the obligations.

You, you, you.

I don't even know how to describe it.

It's this weird, parasitic cyclical loop.

Right?

You feel like you deserve the accoutrement of success, so you spend on things to make you feel better.

Yeah.

But then you don't have enough to buy the things you want, so you buy little things along the way, which further take away from your ability to get the things you want.

Yeah, and then what happens?

Someone says, oh, you didn't buy a house, you're a failure.

You should buy a house.

Okay, well, I mean houses cost like a billion dollars now.

All right, what do you want me to do?

Right, yeah, it's true.

Yeah, I was just gonna say.

And you couple that with society's challenges, right?

Where they constantly measure you.

And then you got the Instagram post.

And this is why I stayed away from Instagram for as long as I did.

Because I know that you're only Getting the posts.

I.

So my kids go on summer vacation, right?

And they say, oh, so and so is going to Paris this summer.

And so and so is going.

Right, Right.

And then.

And this is to my kids, nine and seven.

Yeah.

Right.

And my kids, not knowing any different, right.

They go, where are we going?

Right?

And you tell them.

I had to tell them.

Like, listen, you said so and so and so and so.

Right.

Those are two people.

How many kids are in your class?

You know, 24, 25, whatever.

I'm like, how many kids did you not hear from?

This is no different than social media, but this is starting at this age already.

Yeah.

That I'm like, people are only telling you things that they want you to think and believe and see.

Look at us.

I'm doing so great.

Or, look, I'm having a good time.

And some of it is very genuine.

Like, look, my.

Look at my beautiful family.

We had a great time on this vacation.

But it causes you to look within.

Why can't I have that?

And then it caused you to go out, spend on something, make yourself feel a little bit better, you know, okay, let's go out to this nice fancy dinner that we can't afford.

But we're not going on vacation, so we should at least do this right.

You start justifying these behaviors in your head and.

Oh, yeah, yeah.

And I still fall victim to a lot of this.

I do.

Yeah, me too.

People like, out there doing some trip.

My brother just went on a crazy trip to Greece.

And I was like, damn, it look beautiful.

Little trip of a lifetime.

Yeah.

And I'm like, yeah, you poor, right?

I saw.

I saw the photos.

I was like, God damn, I'm jealous.

Yeah.

I'm like, it looks beautiful.

Yeah.

I justified.

In my head, I was just like, I can't get on the boat.

I get se.

I'm like, you look like he gained weight, though.

Man.

I wouldn't be able to do it anyways.

I would get seasick.

I'm out here closet hating.

Yeah, but not in the closet.

We.

We went to Hawaii, though.

Yeah.

Didn't feel the same.

I got seasick, though.

Yeah, he didn't get seasick.

He vomit on everything and he vomits loud.

Just for the record.

Oh, he's not subtle about it.

Everybody knows.

Chest out.

Yeah.

He's like that black belt in the gym.

Everybody wants to.

He wants everybody to hear him.

Fitness bell going off.

Ding, ding, ding, ding.

Gronk alert.

Gronk alert.

All right, so assets make you free.

You guys know that.

And look I'll be the first to admit that I'm able to jokingly say that I'm unemployed on the show because I have assets that help enable me to be free.

Liabilities dress up freedom, yet rob you blind.

It gives you the feeling of freedom, like, I can do this.

But in reality, they're keeping you there.

And anytime you ever want to guess what assets are doing this to you, just think if you were to lose your job tomorrow, what you'd have to cut back on.

Yeah, man, right?

Think about the things you felt like you had to pay versus the things you would like to pay.

There you go.

And you'll know really quickly what, what's making you poor.

So wealth is not about income.

It's about what you own.

Yet society teaches you to collect liabilities.

Cars, clothes, gadgets, and they all call this success.

Nobody walks around with their credit card statement above their head.

Okay.

No, nobody's that, that, that player character where you're walking around going, like, I owe this much money.

Yeah.

Not a single person, you know, other than me has generally been very open about, hey, this is my credit card bill this month.

Right?

Right.

Think about how many times, how many conversations you have with somebody about the assets they own.

You see their car, you go, oh, wow.

Or how many people are walking around going like, damn, bro, I got a $40,000AmEx bill this month.

Damn.

Damn, that hurts.

Damn, Gina.

Speaking of which, I gotta pay mine.

But, you know, it's, it's very, very rare.

And you see people take all these trips.

Like, look, we just talked about, we talked about my brother going on a trip, right?

I don't know.

My brother paid cash for that.

Yeah.

I don't know if he has a cash for that.

I don't know if it's on a credit card or not.

He's never gonna tell me that.

I'm never gonna ask it.

That's invasive.

That's rude.

But that's the, that's the, the fallacy.

Your friend's parents going on trip.

For all you know, they pulled out home equity line of credit to go on the trip to Paris.

Could have.

You don't know yet.

All we do is envy the result.

We don't see any of the backstory.

And just because people can do things doesn't mean they're part of it.

Look at how many people know somebody famous or in crazy ass circles, not because they're famous or because they're just rolling around because they're attached to somebody.

Right?

It's no different.

Yeah.

Yeah, I mean, it wasn't too long ago I remember that some of the people that looked that I knew were actually wealthy, they weren't flashy about it and maybe that was, that played a huge part into why they were so successful and well off.

Right.

It's the ones that are ultra flashy that always have me questioning, like, feel like you're peacocking a little bit, like why, why, why are you doing all that?

Yeah.

But unfortunately extremism and social media have made the peacock normal.

And now if you don't peacock, people don't believe you have it.

Right.

I love, but it's the ones that are selling, the ones that are peacocking and, and are using it to try to get you to be like them.

Those are the ones I'm always skeptical about.

Like, why Usually selling you something.

Yeah, usually, of course, usually selling you some.

Right.

And that should be red flag number one.

So post 2008, the rise of institutional landlords also enabled this problem.

We heard a lot about it.

If you were in the last, I think three or four years, it became a really big conversation.

You had Blackstone Invitation Homes.

They all made real estate harder to access for first time home buyers.

And there's a lot of real estate pundits who disagree with this.

But one thing I can tell you for sure, Blackstone chiefly among them, I know for sure they bought up a ton of real estate because for them it was a great investment opportunity.

You buy single family homes, small apartment buildings, and now you have not only the debt that you hold in the notes, but you also own the properties.

It's just another way they can make money.

They're deploying capital into assets that can make money for them and you can go into stock market.

But a lot of people believe that's overvalued.

You can go into gold or bitcoin, and I'm sure they have asset holdings in those.

But real estate's one of those things that's always going to be there.

Right.

And a lot of these people are going, okay, how do I get better returns?

Equity upside over time.

As far as institutional investors go, I don't have the number off the top of my head, but I remember not too long ago that they, they really only made up of like less than 5% of the single family homes.

Right.

But the, at the, at the rate that we're going, I, I, you look at it, you're like, who's going to be able to afford these homes other than institutional investors one day?

Right.

I mean, well, not only that.

But I would say that 5% of homes is still a meaningful change.

Yeah.

That might be over.

I mean, it was probably.

It was 3 to 5%, depending on the markets.

Yeah.

Right.

But again, in some markets, that's meaningful.

And in a market where you can't find a single home to buy.

Yeah.

Great examples.

Orange county, for a long period of time, it was.

You would have an open house on what would otherwise be a starter home, and you could not get a fucking viewing appointment.

Yeah.

I mean, it was saying 17 days, average day of listening in Orange county.

Listening to close.

Yeah.

You'd be like, wild, wild times.

I mean, how do you even get an appraisal on that timeline?

It was just nuts.

Buying sight unseen.

Yeah.

And then people were showing up and there was like, people coming in, and they were checking the person coming in.

They're writing these sympathy letters.

Like, you got to let it to me because if you don't tell it to me, I can't raise my kids.

I'm going to be poor forever.

I mean, it was.

It was crazy sympathy letters.

My mom and dad are helping me.

Please tell me, the house.

Why do you got it?

If you're willing to pay somebody for a house, like, why do you got to write the sympathy letter?

Yeah.

Because you never know.

My work, that's.

But it's fat, it's sad, it shouldn't be.

That's where we're at.

That's where we're at.

Yeah.

You got to rely on emotions.

You know what I mean?

Yeah.

And of course, you know, this is.

This is only compounded over time.

There are other problems that make this terribly, terribly.

Well, real homeownership is only one.

Social media is another one.

Credit card spending is another one.

But you can't escape the game if you don't know the rules.

And you sure as hell can't win by playing safe.

But yet you don't feel like you can take the risk because of all the things you've been taught.

You've been taught to be conservative.

What does it mean to win the game?

Well, to you.

To you, what is.

What does it mean to win the game?

It comes down to freedom for me and rebuilding the path to freedom for all of us.

I think in a lot of ways, the ecosystem that we're put in takes freedom away.

From the day we go to school, from the day you go to school, unless you have a parent or you listen to the Higher Standard podcast, you are bred to believe that you should be afraid of being poor.

You are bred to believe that unless you were an altruistic person, you need to find a job that makes you really good money and is stable so that you can pay your bills and not be poor.

Fear of poverty is not the reason to work.

And if you talk to a lot of entrepreneurs, they've been willing to risk everything to make everything they have today because they've gone against the system.

Which is why so many type A Alpha people are out there as successful entrepreneurs.

There's a fundamental disconnect between in the things you're taught to fear, yet the risks you have to take.

And that is not by accident.

The whole point of all of this is how do you get people back to freedom?

How do you get.

And this is the sad part is I'm not trying to get people back to your rich person.

I'm trying to get you back to neutral.

You're not afraid?

Don't.

Yeah, don't be afraid.

Exactly.

Yeah.

We were talking about it before the show.

That guy, I don't know his name in real life, but Dwight from the office, he was doing an interview on somebody's podcast and he was talking about how.

Surprisingly sharp guy, right?

Yeah.

Like, really, really insightful.

And he was talking about some really thought provoking stuff.

And I didn't get a chance to listen to the whole interview, but he was just talking about this.

This concept that we've been talking about over the last couple episodes where people in their 20s are more afraid now than ever to make mistakes because they feel like I.

Under a microscope.

Not only under a microscope.

Exactly.

There's that too.

Right?

It's this one.

You got the sound quality up.

Maybe we could actually play it.

I don't know if we're going to get flagged.

I don't let him challenge your job like that.

Rajille.

Yeah.

Got to talk to your boy.

This is.

This is great.

Yeah, Here we go.

Like, don't even worry about.

Don't try and get it figured out.

Like, your point of your 20s is.

To try 12 different things and fail at nine of them so that you can come out.

But there's all the societal pressure.

But truthfully, in society right now, you talk to so many colors and they're so depressed at 20, 21 because they don't.

They haven't gotten the perfect internship over the summer and they're not pre enrolled in the perfect grad program and they don't have their, you know, their, their job aligned.

Now, I know it's hard to make a living out there.

You know, it's hard to have a career and make a living.

It's much harder than in the 80s and 90s when we were, you know, getting our educations.

But nonetheless, if you view the 20s as a workshop stage and it gives you some so you can relax a little bit.

Yeah, yeah.

That's Rainn Wilson, by the way.

Yeah.

And he's, he's sensational and I don't disagree with that.

The problem with that statement, it, I would like to say the same thing to a lot of people too.

But that avoids the reality that the pressure they feel is still pressure they feel.

It doesn't take it away.

You can't make a 20 year old feel like it's the workshop phase when a 20 year old just wants to have the economic freedom.

Now they do it and they want it in the, in the, in the image of success in a Ferrari and a Lamborghini, a big house.

But what they're really craving deep down inside is they want the ability to be free.

It's a hard concept to sell to someone where, listen, I need you to, I need you to go through this workshop phase and I need you to fail and the failure will help you down the road.

More importantly, I need you to work so that you can be free and not have to work.

Yeah, there you go.

Right.

I'm actually battling something similar with this, with my son.

Right.

So there's this like club basketball team that he's trying to get on.

Okay.

And he's been working really, really hard and practicing really hard.

But in the meantime I've had to put him on some of these, some of these other teams and the other teams unfortunately aren't as skilled and there's not as much structure because you know, the kids aren't devoting as much time but they're still enjoying and having a good time.

And I'm having to sell to him when he's playing on these teams that aren't as good with players that aren't as, you know, developed that you still have to make the right play even though you know that kid's not going to catch the ball.

Right?

Yeah.

Like, and accept the fact that hey, I don't care if you don't win this game that you're playing.

I just need you're doing this to develop.

And he's, at times he goes okay, but other times he's like, he's trying to take over and forcing bad shots because he wants, naturally he's competitive.

I want to win the game.

I'm like, no, no, no, that's not the right play.

You got to always still make the right play and commit to losing as long as you're doing your part.

And I mean, this is how I'm trying to use basketball with him because he's asking me like, dad, you think I'll make the NBA?

I'll be like, listen, I'm not, we're not doing this for you to make the NBA.

It's a tough question.

I know, man, you're nine.

You know, like, let's not, let's not.

What are we working on?

I was like, how many peptides you want, son?

Yeah, you want to go to Germany?

How does that make you feel?

Yeah, right.

But I'm like, I don't care about whether you make it or not.

What I care about is, are you learning from this?

To some, I'm gonna try to take this and apply this to other things down the road.

Right.

So similar concepts, but no, I get it.

And I think that's, that's probably part of the, the biggest challenge culturally with kids is that they see so much more and then they also want these things.

But the average millionaire has seven streams of income.

And I don't necessarily agree with that, but I think that really I'll use myself as a proxy.

Give me, what are seven different streams of income that some.

A millionaire could have?

Well, I think, I think it's misleading a little bit because you think of.

Oh, I read a book by Robert G. Allen, is my first book about finance and it was called Multiple Streams of.

And Robert G. Allen was a multimillionaire, he was an author.

He sold Mary Kay products, which I thought was like strange at the time, but had a business and then he had multiple businesses.

I don't think that's the way that this is meant.

You generally have something that makes you money, whether that's a W2 job or you work for yourself.

Right.

But then you take that money and then you do something like buy a home with it, right?

That's a stream of income.

Over time, it's going to build wealth for you.

It's passive.

Then you say, okay, well I'm going to put my money in a 401k.

Well, that's a stream of income.

Or IRA if you're, if you're self employed, that's a stream of income.

It's retirement money.

It's going to build something for you later on.

And a lot of people are like, well, Kris, I want money now.

That doesn't work for me.

Okay, well those aren't Your streams of income you don't want to wait for later and let compound interest do its thing.

Fine.

What do you do?

You start a side hustle.

It's another stream of income.

There you go.

You can build another business, you know, if you don't like the one that you're in every single day and possibly run two businesses.

Or you can buy real estate.

There you go.

Right?

Which in and of itself, people write this off all the time and go, okay, well, it's passive.

Yeah.

I will say that my setup is largely passive, but it is a business, right?

That is a business that I run, you know, and then self, your personal brand is also a business, Right.

How you enrich yourself is also a business.

It's a stream of income.

Right.

The better and more talented you get, the more money you can make.

So there's all sorts of different ways to look at stream of income per se.

I don't think it's that way, clearly.

I mean, I've been personally lucky enough to work with some people that I know that have shared, you know, some.

Some of the investments that they've made and have owned plenty of real estate to where they didn't have to work, but they continued working.

Right.

It's just because you have that doesn't mean you stop doing what got you there.

Yeah, right.

And I think continuing to work on yourself.

If.

If a listener were to ask me today, like, okay, I got.

I have, like, $10,000 in my savings account.

What can I do with it?

Right?

I'd be like, try to work on building yourself first before going out there and making investments on anything else.

What can you do currently to get yourself, you know, smarter, better, more talented?

You know, what certifications could you get?

I mean, could you study.

Could you study on your own to make yourself better?

Right.

I mean, that's what I think people should be working on before going out and looking at what can I be investing in to grow this 10,000.

I'm gonna say something that's slightly controversial to kind of cap the show on some level.

Damn.

58 minutes.

No, I still want to talk about other stuff.

I'm just this part of the show.

I didn't realize.

58 minutes.

Yeah, well, I mean, talking to me with a C4, my hand goes fast.

You know, we're having a good time.

Time flies.

There you go.

Look at you.

Yeah, there you go, my guy.

I see you over there twisting and bobbing in the chair.

Speaking of flying.

Oh, Mr. Miyagi, let's say, man who.

Catch Fly with chopsticks accomplish anything.

Yeah.

Men who catch fly with hands accomplish everything.

I tried to play this movie for my kids the other day, and it started off so slow that they were like, next.

Yeah.

The problem is there's too many remakes now, too.

You can't.

I watched Hudson Hawk last night with Joanna.

I don't know that.

Come.

Sorry.

What is it?

You know what it is.

Rajille, early 1990s movie.

I want to say 91, 92.

Bruce Willis.

I got somebody behind the desk now that co signs with me.

More odun.

Back when they'd be like, bro, you don't know that.

Now he's on my side.

Yeah.

I tried to get a room to come back the other day, just to sit down and talk to us.

No.

You want to bring him back for an interview?

I'm afraid of some of the stuff he might say, to be honest.

There he is, Bruce Willis, early 90s, 91, 92.

He's a cat burglar.

Right.

And he is forced into robbing some Leonardo da Vinci artifacts, the last of which from the Vatican.

And it's got some really interesting, like, subplot lines.

He breaks the fourth wall.

Andy McDowell is in it, and it's his romantic interest.

She's a nun.

It's fascinating.

Fascinating movie.

My wife could not have been more disinterested.

She was just like, what?

Well, that's the problem with some of this stuff.

If you're not watching it, like, in real time, or at least some with somewhat like it being relevant, then it doesn't really hit the same, you know?

I mean.

Oh, I hit the same.

No, I don't slap.

It don't slap.

Yeah, it doesn't.

The problem is a lot of these movies have been remade so many times and the concepts are just.

Yeah, I mean, this is what.

This is essentially, Ocean's twelve.

Oh, no, no, this is.

This is much more comedic.

Much more comedic.

Yeah.

Ocean's 12 is pretty comedic.

No, Ocean 12 was a serious story written with comedy in it.

Yeah.

This is a not so serious story written with anecdotal, like, fourth wall comedy.

Like, he's talking to you.

So not quite the same thing.

Got it.

More like stand up.

Ish.

But even he came off moonlighting.

He slid his hair back then.

Yeah, I watched it in one of the shows of Joanna because he's got dementia now, and I feel like.

Yeah, it's really bad too.

Right?

Yeah, he had, like, a different disease which segued into dementia, at least, or sub portion of dementia.

I Have to read into it.

I wanted to, but those brain diseases really scare the shit out of me.

Yeah.

Like to be alive but be partially not the same person.

And I don't want to say dead, but certainly not as human as you were once upon time.

That's incredibly scary to me.

You know, that and paralysis.

Like, those things.

Like those things scare me blind people.

Like, I understand the other science is getting.

Dude, with.

With AI and.

Right.

And neuralink.

No, and quantum computing.

They're saying that they'll be able to solve and cure all cancers by 2030.

There's actually a really interesting genome project that just came out of Japan originally.

I want to look this up where they've been able to delete the gene for.

I want to say Autism.

No.

Down syndrome.

I saw that.

Yeah.

Both you just.

Superior knowledge right there.

We share.

We shared it in our group chat.

You just don't like to read our group chat.

I don't really read your group chats.

Yeah, you didn't give the.

You didn't give him credit, bro.

He's the one that posted it.

See, this is a problem with Instagram too, is it knows when your friend shares stuff to you and then shows you the stuff that you didn't click on.

So.

Wow.

But this is sensational stuff, though.

This is sensational.

Yeah, they're using the.

The crispr or what are they using?

So crisper is a way.

Yeah, they're using crisper technology.

So crisper basically is a gene editing tool.

You can splice and cut genes.

Right.

It's so wild.

And now it's.

I mean, at what stage are you splicing these genes?

Pre birth is my guess.

Pre birth?

Yeah.

How it works.

Design guide molecules, targets and removes the extra chromosome 20.

For the record, we're doing a podcast.

You have to actually read to people for them to understand.

What the hell?

I thought you.

I thought you were.

You were still talking like one of.

Those mumble rap guys.

Yeah, that's.

That's sensational stuff, man.

But we're getting to that point now.

Where.

To your.

To your.

I guess to your point.

We're getting to that.

That inflection point where technology is going to start increasing at such a cadence that it's going to make things really strange.

But then I also think about this in the financial perspective, and I think to myself, like, all these kids who want jobs, there are things that make money today that people ignore because they seem so crazy, but when you consider technology, they're not so crazy.

Like, great example of this is using AI to build a completely faceless YouTube channel.

Oh, yeah, right.

But then YouTube said they're going to stop paying for channels like that because.

It became such a problem for them.

Right, right.

And that was kids would go on to 11Labs, an AI platform, pick a voice one, the popular one was Adam was the name of the voice.

Right.

And he's that deep, dark voice.

Right, right.

And they would have a script run through.

Then they would go to another AI platform, usually Veo these days, because Veo has a better superior video technology technology.

And they'd run the script through there to create an image that goes with it.

They combine the two and put them onto YouTube.

And then if you want content, well, you'd go to Wikipedia and you just pull historical events and you'd have visual representation where you're just dictating to somebody interesting facts about these historical events.

And there'd be YouTube videos and they would make a lot of money.

The other part of the interesting thing now is that we talked about this a little bit at lunch, where we moved from what was a follower economy to this data economy.

So the way people interact with social media is changing.

And a lot of these kids are really sharp and they're putting out content which caters to the algorithm, knowing that it doesn't matter how many followers they have, they can just push the content.

So you'll go to their pages, you're like, oh, this guy's got like a thousand followers.

They're not really, but they got millions of views on certain posts.

Well, depending on the platform you're at.

Strategically, they're making money on that.

And then what they.

What do they do?

They take that same viral reel, they clip it three or four different ways, and then repost it on several different platforms, including that same platform.

Just trying to get more and more views every single time.

Yeah.

There's also an entire Clipper sub base.

Have you heard about this?

No.

So there are websites now where if you want to make money as somebody who knows video editing, or even if you don't, you just use some of the mobile apps.

Okay.

There are people who will pay you to have a video of them go viral.

So what do you do is you post a project and then what they do is they make a video.

If their video goes viral, you're paying them per thousand views.

Wow.

And in some cases, they can make hundreds, if not thousands of dollars if the video gets lift off.

So what you're doing is you're incenting these kids on a commission basis.

To push out a video that goes viral and then you're going to pay them for the virality of that video.

Yeah.

So there's all these sub cottage industries that are popping up under technology, but you would never believe in a million years that somebody can make a living off of making 30 second video clips.

Oh, yeah.

Oh, yeah.

I mean, I remember this from when we were.

When I was helping out more with editing the show.

There was entire channels devoted to, hey, you could edit this, use this transition, use this sound effect, and they'll teach you how to make plugins.

I'm like, you made an entire, you know, channel based on this.

I mean, you could do that same thing with how to use AI models.

Yeah, right.

Use this AI model for this.

And this is how you prompt it or.

And it's evolving so fast, man.

Yeah.

There are so many different AI models that are.

That are so crazy evolving that makes it almost like head spinning how fast things are changing now.

Yeah.

And that's where I look at a lot of the things we talk about on the show and I say to myself, like, okay, you're trying to break conventional norms, yet all this unconventional technology is out there giving you opportunities.

If you, if you just wanted to learn about something, you could literally have a conversation with AI and say, I don't understand this.

Imagine that you go into.

You remember back in the day when your teacher was teaching something and you go, you know, hey, I don't understand why this guy did this.

Yeah, yeah, yeah, yeah.

Can you answer it?

And they go, well, Billy, you know, probably because he had an insatiable appetite for lust and greed.

Right.

And then you could go back to AI and ask the question and it might be like, well, Genghis Khan felt that this was a part of him.

And you get a much more, I guess, factually relevant in some cases answer than you would probably from a teacher.

Not to besmirch a teacher's name, but I mean, you have somebody who's got an unlimited amount of data to go back to and query.

Right, right.

Versus somebody who's in a classroom teaching, I think the way we learn in school is going to change, I think, what we think of as parents.

Like right now, if a kid would come up to me and say, let me ask you a question.

And Rajille, this is for both of you.

You both have sons.

Okay.

Your son comes to you both and says, danny, I want to be a doctor.

Yeah.

Are you as, like, enthusiastic about that as you would have been maybe 20 years ago?

Well, I'LL let Rajille go first.

I got a response.

I think that's cool.

He wants to become a doctor, but then you gotta look at how many years of school he has to go through.

Right?

I mean, down the road.

Down the road, you.

I'd want to make sure that he understands what that means as far as the level of commitment it's going to take.

I still think with all this.

Look, I think there's.

There's a but, you guys.

But just be clear.

You guys do realize that's a very different answer than what someone would have.

Oh, like, if I would have came to my parents, I want to become a doctor, they'd be like, yeah, no, no, do it.

It's amazing.

No, no, no.

Yeah, yeah.

That's what you're supposed to do.

What do you mean?

I'm going to force you to try to do that.

Right.

That's what they would have said.

But I still think that if my kid would come to me and say that he's passionate about doing something.

Why do you want to become a doctor?

I want to help people, or.

I'm really interested in the eyes.

I want to become an optometrist.

Right.

Like.

Okay.

Like, I don't know how much you can make off that.

And I don't want our.

All the decisions we make be about, you know, how much freedom you have.

Because, look, if you're.

If you can have a life where you feel like you're serving a purpose and you found your purpose, you found your why you enjoy doing this thing.

Cool.

Like, then.

That there's still some element of waking up every day and going to work and enjoying what you're doing.

Right.

But as if he.

As they got older, I'd want to make sure that he understands.

All right.

How much debt are you going to be walking out of this and understand that the level of payments you're going to be dealing with, and do you really enjoy that this much?

But do you see how the paradigm has shifted into there's a risk, there's a reward, and we now recognize the risk may outweigh the reward.

Oh, yeah, yeah.

We got to make sure that we understand it from all angles.

Exactly.

And that.

That's a big paradigm shift where you understand that.

Now, I would say, what is a job you think is going to be eliminated by AI.

Administrative work, probably Administrative work.

Okay.

What if.

Or accounting.

I could see some accounting jobs.

Accounting is a great example.

Right.

Like, you know, why do you really need it?

I mean, if it's just a knowing of the rules and how to apply them.

I mean, I'm pretty sure AI is suited for that.

Yeah.

Yeah, right, Exactly.

I spend this much money on this and this and this.

Now put it into our, you know.

P and L. Now, a company accounting for.

For work in, like, business is fantastic.

Right.

But it's only fantastic right now because we don't all have an accountant sitting in our office in the form of AI.

But if you could query AI about, hey, does this work from an accounting perspective?

Anytime you had a question or, hey, we're going to move this money to here, we're going to do this, this, and this.

Is there a better way from an accounting perspective to make the sense of this and get multiple answers right then and there without having to worry about calling somebody?

Right.

Or paying a professional service fee?

Exactly.

Hourly.

Right.

Like you.

Everybody has that in their pocket.

It changes the game.

So then let's say your.

Your child comes in, says, dad, I want to be an accountant.

You know, my.

My response to my son with that set of facts would probably be, okay, cool.

But understand, you have to be a really phenomenally unique one who uses AI because this job is likely not to be the same.

Yeah, yeah.

I think if.

If I've learned anything over the course of, like, my career, it's.

Let's not just focus on one thing.

Right?

Don't just become an accountant.

Be.

Become an accountant that also knows how to do X, Y and Z and.

Or other things too.

Right?

So that's probably what I'm going to push him towards.

Like, don't label yourself just one thing.

Try to try to become more.

What else are you interested in?

Also continue to do that.

Right.

Because you never know what could come of all these things.

Well, more than anything else, I got a really important question to ask you that I think is.

Is probably indicative of the future of the future.

Yeah.

Rajeel, I don't know if you did see the group thread messages, but we were sent a lovely package by Pleasures from Jason that I have yet to see.

Saeed, where is that package?

In the back of my car, chief.

Thank you for reminding me.

I did forget to bring it up.

It is in the back of my car.

Dirty pool, man.

Hey, you see that?

You see that, Rejeel?

If I didn't say something I did, I would have forgotten there was gonna be no package.

It was actually in the front seat.

And then Adam was like, can I sit in the front seat today?

I was like, all right, I'll put it.

So you put your Homies in the back seat.

Yeah, y'.

All.

No, not in the backseat.

I put you in the trun.

The trunk.

Yeah.

I don't pop the trunk on anything from the package.

Yeah, yeah.

All I want is you.

Yeah, you want some Daft punk.

The bookends, those are pretty dope.

I don't have any books to end.

We're gonna make sure we get something.

I don't know where I'd put those before.

Before we sign off, though, we got another honest five star review.

We're gonna sign off.

We're gonna go in double digits tonight.

Look at that.

There you go.

Cream.

It's so sexy.

So sexy.

Those are pretty dope.

Yeah.

Did he really send those to you?

Yeah, yeah, they're here.

Yeah.

And some, like, shirts and stuff for you guys.

Those are expensive.

Yeah, he hooked it up.

He said he'll hook up more, too, if we want more.

All right, so we got an honest five star review.

This from Action Jackson 89.

I mean, that's Action Jackson, everybody.

Let's go.

And that's actually the caption title.

Let's go.

Five stars.

Oh.

So you know it's honest.

You know it's honest.

You have leveled up these past few weeks.

Loved episodes 291 and 293 said.

Hold on.

Oh, it's not a rune.

You can read from the screen.

Oh, my God.

Okay, I got you.

Bro's ready?

Yeah.

Look at you.

What are you doing?

You've leveled up these past few weeks.

Loved episode 291 and 293.

Really like where you are going with this.

Seems like you found your groove.

Thank you, Action Jackson.

Wow.

Point right to the camera.

I'm looking.

I'm looking right at you.

So, yeah, we.

We felt pretty good about 291, 293.

I think this one probably.

Oh, I like this one.

Oh, it's good.

There's gems.

Dar gems.

I want to be a little bit less esoteric and a little bit more data driven with some of these going forward, but I do feel like having a little bit more freedom and flexibility to kind of play with makes the show more interesting, too.

So feel free to comment if anybody's listening to the show at this point and they have any thoughts on what they like better.

But yeah, I also think shows that you and me are better than the shows of the guests.

You know, it's.

You know, we need to get rid of Jill out of here.

I'm playing, dog.

Hey, what kind of jerk, bro?

Come on, man.

Hey, I cosign.

Him.

You didn't even know.

I've asked for him to sit behind the desk and bring you up here, but, yeah, this guy is.

So you want me to do a show where you two talk to each other?

For now.

So arrogant, bro.

You just got to be on camera all the time.

Actually, I don't feel like I look good on camera.

I got to be honest with you.

Like, when I.

When you edit yourself as much as I do.

Stop.

You see all the flaws.

Stop.

You're like, damn it, why is my nose pink again?

That Colombian.

Bam, bam.

And I know.

And with the presidential powder and with.

The 4K, when I have a little scruff up here.

My God, damn.

Why didn't I clean up before coming in?

Yeah, 4K.

4K hides nothing, exposes a lot.

Even my little friend right here.

It all comes.

My little friend right here.

I got a little friend.

A little pimple.

Yeah, that's nothing, bro.

Yeah.

You don't ever have, like, big ones, like, I do.

When I get one, they're, like, on my nose, and they're massive.

I haven't seen you have one in, like, three.

It's been a while because my hormones have been stable.

I ain't playing with the hormones.

Oh, that's right.

Now you can't fall off.

I got my blood drawn today, actually, to make sure my.

I've been lowering my testosterone levels.

Why?

Just because I want to get.

I don't.

When I started off, I was at 150 milligrams.

I want to say I was under the assumption that once you start taking testosterone, you can't get off.

But, I mean, you can get off, but it'll significantly decrease your natural levels.

Like, you're not gonna develop in the same.

Did I misunderstand that, or.

Yeah, my testicles are smaller.

If that you're asking.

No, no, not that.

That.

That I'm producing less.

No, sarcasm, you know, aside, that is the traditional path.

I think most people don't try to develop.

So I went for years, six years, just trying to increase my testosterone naturally.

And there was a lot of things that I could not do.

I couldn't change the stress level in my life, right?

I couldn't.

I couldn't get to the gym consistently at the time.

I was trying to go as much as I could.

And even when I thought, looking back on it, that I was in good shape, I wasn't.

Like, mind pump.

When we went there, I thought I was in great shape.

I look like a fat cow.

Terrible friend for letting me wear that outfit much less look like that in the show.

I look bloated.

Well, you're wearing a black T shirt.

You want me to tell you to wear a white T shirt like this.

Like the one I'm wearing?

That would have been devastating for you.

Diabolical because I can see your fat nibbles.

Nobody likes a nibble that looks down, Chris.

Hey.

But yeah, and I feel like I'm getting in better, better shape over time.

But I've learned some things about how to manage stress and I try to do all the things I can.

So I started lifting heavy.

I started intermittent fasting more.

I started.

I take creatine every single day.

I take a lot of peptides that I've come to terms with are not bad things that are very good things.

I'm currently, for example, I'm on IGF1, I'm on, on microdosing, tirzepatide.

I'm on TB500.

I'm on BPC 157.

I'm on NAD Plus.

I'm basically an Android.

But I've, you know, I've done all the things I can, including better sleep, including red light therapy, including cold plunging.

I mean, I do all these things consistently to try to increase testosterone.

And then I look at my lab results every three months and generally speaking, they've gone up.

Okay.

And as my testosterone levels go up, I try to bring them back down to like what I would call a more normalized level.

So I get my blood drawn today, which is the longest day I go away from an injection.

So I inject on Mondays and Friday nights.

I'm sorry, Mondays and Thursday nights.

So, okay.

The injection on Thursday night has a four day gap till Monday.

So Monday morning is my.

Late is my.

The longest I'll ever go without taking an injection of testosterone.

That's in theory the lowest my testosterone will be.

Okay.

So, yeah, the best depiction of what's.

Going on, of my low, and typically speaking, that's around a thousand to twelve hundred, which is still elevated.

Yeah, yeah, yeah.

So.

And I've gone.

I feel great though.

I feel sensational.

But why would you want to stop feeling sensational?

Because I don't want to do it.

So if it comes back and it's like 15, like last time I got it done it was like over 1500.

Oh, geez.

Right.

And it was a lot.

Yeah.

And so what I do is I'll scale back 10 milligrams.

So I went from my last one was 100 and I think 130 milligrams down 110.

So what's the, what's the fear of it being too high?

You're like, like, I don't wanna.

If it drops too far below this and I might start feeling crappy.

Like, does your body become like, acclimated and adjusted to those levels?

And when you go down a little bit, you start.

You get a little more fatigued, a little bit, a little bit less sleep.

Your sleep changes a little bit.

It takes about a month or so for me personally to adjust.

But what I found is, is the idea is ultimately get off testosterone.

If I can get my levels high enough.

Right.

But if I'm on it in perpetuity, then great.

But the way I look at it as is, if I can get to a point where less and less testosterone is necessary to keep me above average, then that's great, right?

Yeah, it gives me.

It gives me more flexibility.

And you know what your average was pre testosterone?

Yeah.

I was at 369 before testosterone.

Yeah.

And now with 110 milligrams, I'm somewhere in the neighborhood of, call it a thousand, you know.

So if you can hover around like above that, 5, 600.

I mean, you're Gucci.

Yeah.

I mean, look, it's an exercise number one consistency of doing the right thing.

So I take zinc every single night, which is an estrogen blocker.

Naturally.

I take an estrogen blocker, an astrodol.

I, I take HCG still, which keeps your fertility up, but it's also like testosterone light in some ways.

So I still do all the things that I think are practical and reasonable.

But keeping fertility up because of Jill.

Do you want another child?

Yes, I can give him a child.

If he wanted one, I could give him one.

You heard LeBron.

What?

What?

After all those AI pages that were basically make showing him as pregnant and he sent them all cease and desist.

Yeah, I heard about that.

Rightfully so, bro.

I mean, come on.

I would too.

You can't stop this train, bro.

AI has left the station, dog.

It's over, bro.

If you.

If LeBron sent me a cease and desist for something I did in the show, I would love it, bro.

Can you imagine the people out there that hate on him for that?

It's like, oh, you mean this bothers you?

Bet.

Yeah.

Now, now you got.

You gotta lean into it.

You're gonna sign up to an anonymous account and do more of it.

There you go, you know?

Yeah.

You gotta leave me.

Don't ever show that I. Yeah, don't.

Don'T let him see the blood, bro.

Yeah, bro.

I had.

That's the hardest thing, you know, about him, and that's the hardest thing to teach my kids.

I had to teach this to my daughter, actually, the other night.

What?

Literally?

Because she was feeling insecure about something, and I was telling him, like, you can't show people that you're insecure about this because you can always talk to mom and dad about it.

But if you show people, you got to understand, these kids are nasty.

They're going to now attack you even more because now they feel like they got you.

Right?

And, dude, that's such a hard lesson to learn for a kid early.

Oh, yeah.

You know, like, don't show it.

Because it's.

It's a natural human instinct to show, like, your emotion.

Yeah.

And then as you get older, you learn, like, the defense mechanisms that you don't.

Aren't even cognitively aware of anymore.

Right.

Like, we all have our defense mechanism for conversations and.

And whether that's challenge or adversity, and we, like, lean into them.

But not all humans have the same defense mechanisms.

We all kind of manifest that differently.

Yeah.

And understanding how that works is.

I didn't learn.

I didn't.

Honestly didn't learn that till I was, like, much later in life as an adult.

Okay.

Make fun of me about something I'm insecure about.

I'm a lean into it.

I'm a tag the line, too.

I'm gonna make fun of myself for it.

And now you're.

Next time, you're not coming back unless it's Christopher.

Let's have a little exercise in self understanding, self realization.

Let's do it.

Rejill, you ready?

All right, I'm gonna start first, because I realize asking you guys to do this is probably setting you up for bait.

Right.

I would like you, east, to name one big insecurity for you, and I'll name a couple just to kick this off.

So you guys.

1.

Just big, and I'll give examples.

Insecurity.

I have never felt attractive.

I joke a lot about it.

Like, I try to be as in the best shape I can, but I've never once looked in the mirror and said, I'm an attractive person.

And I don't know what it is.

I grew up.

You never put on an outfit like, damn, I'm.

I'm a rock star tonight?

No, the closest I've gotten to that is this outfit looks really well put.

Together, like, for yourself.

I mean, you're not talking about what other people Said to you how you feel?

I've never looked in the mirror.

I've never felt like an attractive person.

Like, I joke a lot about it.

Yeah, I'll look in mirrors, but my wife sees me, like, looking in the mirrors.

Like, I just see all the flaws and I'm looking in the mirror going like, oh, man.

Even photos of myself, I've never seen a photo.

Body dysmorphia or whatever.

Pre.

Oh, Jesus.

That.

That's why.

See, this guy is bad, dude.

Wow, bro, I didn't know you were a villain.

This guy, bro, he's being vulnerable and you pull up.

So look at my eyebrows.

That's.

It's ridiculous.

So I see this, right?

Serious.

And I think about like, man, is this guy a celebrity?

I swear I've seen him before.

Oh, you got a doppelganger, man.

Okay, first of all, Jason Momoa is a lot better looking than me, number one.

No, honestly, I think your doppelganger is.

No, no, no, no.

It's the guy you like, Joe.

What's his name?

Joe Magnaniello.

Yeah, that's your job.

That was your double game.

Way better looking than me.

Not even close, bro.

Yeah, because I'm a big person.

You guys see big people and you go, oh, he looks at that big person.

Not because, like, I'm good if I look like them, but damn, that's crazy.

I wonder why, where that stuff stems from for you.

That's crazy.

Oh, I've got a couple ideas.

I've never.

I've never.

I've never heard.

Oh, you want.

You want the ideas here?

When I was young, I liked a girl who I actually saw the gym years and years and years ago, who was interested me at the time.

Her name is Karen Tucker.

You Karen, right?

I'll never forget.

Karen out here catching strays 30 years later.

It's true.

We were in sixth grade.

Sixth grade, all right?

I asked her.

I asked her to go on a date with me.

And who gave you this idea?

You just with one of your friends.

Like, bro, you should just ask her.

And you're like, all right, yeah, I'm gonna ask her.

Yeah, scratch that.

Seventh grade, she said I look like a dog.

That was her response.

Like, can I go on there with you?

You look like a dog.

Yeah, that's wild, bro.

That's where I grew up.

That's wild.

Meanwhile, ironically, years later, I saw her working out of the gym that I was at.

And I remember, I'm like, who's this goofy looking.

She's looking at me all Weird, right?

Yeah.

And it was her.

And she was.

You could tell she was clearly interested at that point in time.

Yeah.

We all grew.

I mean, I figured, you know, like, you know, I'm not fat and bald, I guess.

Okay.

Or I was bald back then.

You know what I mean?

Pre hair transplant.

Yeah.

My.

My biggest insecurity that I battled with was my height for a long time.

Long, long time.

To the point where I remember when that surgery first came out where it was exposed, like, you could go over overseas.

That looks torturous, dude.

The height increasing.

Surgery.

Can I tell you?

And it was at the time, it was always talked about, like, you can get two inches out of it.

Right.

And I was like.

And not walk for six months.

All right, I'll consider it, like, literally, wow, me, me.

And I'll say his name, Weiss.

Why?

Why?

Said I both were.

Because why does he.

I mean, he's like.

He'll say he's half an inch taller than me.

I gotta be honest, I've never looked at him and thought, short dude.

Yeah.

No.

Well, he's the same height as me, right.

A little bit taller.

But I never look at you and think short.

But it was like, oh.

And then for a long time.

I'll give you two.

Was I had gaps in between my teeth.

Oh, yeah, you got great teeth.

Oh, these are veneers.

Right.

Because my.

The gaps were so big that they said braces wouldn't even help.

They're like, braces won't close these gaps.

I don't remember that.

Yeah.

Because I got them when I was 21.

I got the veneers when I was 21.

Yeah.

So it was so bad that when I would speak to people, I would cover my.

And I still occasionally will do this just as a natural reflex.

My teeth aren't perfect, dude.

Yeah.

I don't like my teeth.

They're yellow.

Like, they're not, like, bright white.

I've never been able to get them.

I don't like.

I don't.

I think the whole bright white look is, like.

It's so fake.

I love it.

I want to do that.

That's my silicone titties.

Rajeel, what you got?

I would say my weight.

Yeah.

I was pretty big kid throughout.

Like, no, no, no, dude.

I've seen a photo of you when you and your wife started dating, and you look good, dude.

So.

Yeah.

So I was pretty big, right?

And then in high school, my.

My uncle would pick me up at 3am in the morning.

We'd go to 24 Hour Fitness work out for two hours.

What a good uncle.

Get close to that mic, dude.

Why you, why you dry helping it?

Get over there.

Yeah.

What a good uncle, dude.

Yeah, yeah.

Oh, yeah, dude.

Dude was like ripped.

He looked like Dave Batista.

Oh, oh, so he was about that life.

Oh, yeah, yeah.

Okay.

Big influence.

Yeah, yeah.

So then I lost all the way.

It went down to like 135.

135 in high school.

You should have seen the photo of him and his wife, like when they met.

Like, he's a good looking, this guy.

Number one.

Number two, when he was like skinnier, I was, I. I was like, who.

God damn.

Who's this model looking?

I'm 35 is wild, bro.

Yeah, 135 is tiny.

I mean, you don't want to be 135.

Yeah, yeah.

What's the fun fact, Rejeel?

I have always been overweight my entire life.

And even when I was like, skinny, I was skinny fat.

So like, I still have like the same.

People think of body dysmorphia comes from like the bodybuilding days.

No, it predated that a long time.

I got up to like 275 at one point, which for me was.

I mean, it was not attractive.

Yeah, that.

What's his name, the guy that has that page starting strength.

Mark.

What's his name?

Mark Bell, I think.

Mark Bell, right.

Doesn't he.

Doesn't he say like every man should be at least £200?

Yeah.

Nick Norris is a big fan of him.

Remember Nick?

Nick would.

He literally was force feeding himself to go to 200 pounds.

And Nick, Nick is shorter than you, I think, right?

No, about the same height.

Yeah, whatever.

But he was, he.

It took a lot.

Yeah, completely.

Yeah, completely different set of genetics name.

But he was trying to.

He was trying to get to £200.

Eating clean.

Yeah, yeah.

That's like virtually impossible.

Yeah.

For him, for him, his body type.

But he did it.

I think he looks like.

He looks like he's 200 now.

So the reason why I asked those questions is not to expose your weaknesses, which I'll take advantage of later.

It was because when I grew up, I grew up with a dad who had acquired money through entrepreneurship and a very cavalier nature, a lack of fear.

And you guys know my dad comes to studio all the time and, you know, I'm still very close to him.

But my dad, you know, we grew up poor and he always wanted more.

Always wanted more.

He's the alpha guy who, who education was a second thought for him.

And he got a lot of education.

He's got a law degree and a master's in law and all that stuff later on in life.

And I think, like me, we kind of had an appreciation for it later.

But when my parents divorced, I was.

My mom.

My mom and I, I mean, we were scrounging for change in the couch.

And there's kind of a seminal moment for me where we didn't have enough money to buy a whole lot, so we found enough change in the couch, Ironically, in the couch.

Those days aren't far from what they are today, because nobody cares change anymore.

To get a Hershey bar and a 2 liter bottle of diet soda.

And I'll never forget driving to the gas station to get that with my mom.

Dang.

Because we knew that it was like 20 cents cheaper there.

Wow.

I mean, it was my little sister being like, you know, an infant at the time and how happy that simple thing made me.

But to this day, I have this.

No matter how much money I make or how much money I have, I just don't want to be poor.

And I look at all these people who live these very, like, flashy lifestyles and spend all this money on stuff, and I think to myself, like, I'm just so happy to not be poor poor that I can't bring myself to spend money like that.

Yeah, yeah, yeah.

Oh.

Because you.

You can appreciate it, right?

You can appreciate the freedom, the flexibility that you have.

And I don't think there's ever going to be a point financially where I don't have that.

I don't want to call it a broke person's mindset, but that gratitude that my son, that I.

That my wife, like, we want wife of the night last night, go to Kala for dinner and grab some Mexican food and, you know, whatever.

We buy what we want, we order what we want.

I.

It.

Every single time I order food.

It's never lost on me.

There was a period of my life where I could not do that.

Yeah.

Yeah.

And I think for most people, the problem is to get to that level of appreciation where buying a meal and getting whatever you want and not having to think about those kinds of things comes at a stage in life when the decisions that you made in your 20s really will guide whether you can do that or not.

But that wasn't why I did it in my 20s.

No.

Okay.

You know, I. I did it in my 20s out of a place of fear.

And I guess the whole point of me bringing this up is, is that fear can Be a very powerful motivator if you realize the beginning and end of it.

Right.

I was afraid to be poor.

That's the beginning.

The end is I am not poor today.

Yeah.

So that does give me freedom because I don't need to take on the debt and over leverage myself to a gross degree in order to feel free.

I am free now with what little I have because I know I can do the things that I couldn't do when I was younger.

Right, right.

You know, and that's something that I hope to.

To teach our kids.

Yeah.

Well, you can always pretend to be poor and fish through change in the couch and see what happens.

I tell them all the time, can't afford that.

Sorry, not gonna happen.

I try to avoid that conversation.

My son.

Or we don't say we can't afford that.

I. I say.

I said, we have to earn that.

Oh, we have to earn that.

And I say, me too.

Right?

Yeah.

He wants to go do something.

I say, well, no, we have to earn that.

Yeah, yeah, that's good.

Yeah.

Yeah.

All right, Rajille, it's an hour and 30 minutes.

That's a long one.

Yeah, that's a good one.

Yeah.

You got anything else?

Jill?

Get close to that mic.

Get your face up to it.

Put it right up.

Put it right up against your lips.

Right up against your lips.

Get right there.

Get all berry.

Calm down, Jason.

There you do.

No, get in there.

Stay there, stay there.

Get close to it.

All right.

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Yeah.

Right now we expects it.

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Got anything else?

Enthusiasm.

Sorry.

Pick it up, pick it up.

Okay, bye.

Good night, everybody.

Wow, that was loud.