I Lost $230k & Had to Sell My House

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[SPEAKER_02]: That mistake alone is about $230,000 of our own money.

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[SPEAKER_01]: And we had to literally sell our house, dozens of flips that were successful, maybe a couple of bad ones, but like I was so confident in our ability.

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[SPEAKER_02]: Yeah, and here you are, I actually talking about it, like, it's your worst mistake of money.

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[SPEAKER_02]: I was like, why is it coming out twice a month?

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[SPEAKER_02]: That's literally double what I could do, and then no, that wasn't the case.

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[SPEAKER_02]: It was actually weekly.

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[SPEAKER_02]: Those were weekly payments.

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[SPEAKER_01]: Welcome to the entrepreneurial experience podcast where we talk everything business, money, and mindset.

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[SPEAKER_01]: Set-mind.

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[SPEAKER_01]: Set-mind.

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[SPEAKER_01]: And I want to emphasize mindset again because our amazing producer over there doesn't like when we overuse that word.

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[SPEAKER_02]: But anyways, it's more of just that it's a cliche phrase for entrepreneurs to say.

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[SPEAKER_01]: It is.

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[SPEAKER_02]: But it's because it's true.

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[SPEAKER_01]: It's very, very true.

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[SPEAKER_01]: I am your co-host Coach Joe Carroll with Action Coach Kansas City and we also have here Jared Taylor, some people call me JT with JT visuals spelled without the eye because there's more of it's the eye and we do a complete branding solution.

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[SPEAKER_01]: Do you already hinting at what we're doing?

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[SPEAKER_02]: No, I just, I'm learning what to say after that because sometimes you say visuals, like, and you've got to learn this in your own way.

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[SPEAKER_02]: Oh, it could be, but no one knows.

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[SPEAKER_02]: Like, you hear about the name, but no one knows what you do.

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[SPEAKER_02]: And you don't have to say what you do in the name of your business.

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[SPEAKER_02]: Should we just say JT brand solutions?

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[SPEAKER_02]: Do that would be cool.

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[SPEAKER_02]: It has an eye that we could take out.

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[SPEAKER_02]: I mean,

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[SPEAKER_02]: The domain might be there.

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[SPEAKER_01]: I'm just saying hmm.

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[SPEAKER_01]: Hey, all right, guys.

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[SPEAKER_01]: Well, that was kind of off the cuff there.

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[SPEAKER_01]: Um, what do you think?

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[SPEAKER_01]: Should it be JT brand solutions or JT visuals?

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[SPEAKER_01]: I think we're also hinting at something we're about to do in a couple of months.

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[SPEAKER_01]: And if you listen to the entire podcast in its entirety, we're probably going to reveal exactly what we're going to do.

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[SPEAKER_01]: Maybe have a

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[SPEAKER_01]: I don't know.

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[SPEAKER_01]: I'm just doing this too early, but maybe we have a deal for you.

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[SPEAKER_01]: I don't know.

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[SPEAKER_01]: We'll just figure this out as we go.

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[SPEAKER_02]: So anyways, only DMers can get the deal right now.

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[SPEAKER_02]: Yeah.

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[SPEAKER_01]: Yeah.

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[SPEAKER_01]: So, and those of you who watch the podcast religiously, thank you very much.

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[SPEAKER_01]: I do enjoy the comments and in our school community, if you're not there, you need to be there.

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[SPEAKER_01]: We have followers and fans just mentioning and commenting on our video.

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[SPEAKER_01]: So,

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[SPEAKER_01]: If you are not part of our school community, that's SKWOL, and it's the entrepreneur experience.

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[SPEAKER_01]: You are missing out.

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[SPEAKER_01]: We just hit over 100 followers, and we only had this thing up for a couple of months.

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[SPEAKER_01]: which is awesome.

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[SPEAKER_02]: And in the last 30 days, we want to start honoring these people on the entrepreneur experience for shout out.

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[SPEAKER_01]: Can I do the first one?

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[SPEAKER_02]: Yep.

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[SPEAKER_01]: This is my kind.

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[SPEAKER_01]: Mr. John Mueller with mural landscapes in San Diego, more specifically San T. Thank you so much for being the number one contributor on school.

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[SPEAKER_02]: Number two is Jason Mans.

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[SPEAKER_01]: Jason Mans.

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[SPEAKER_02]: I met him through you.

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[SPEAKER_02]: It was also kind of my too.

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[SPEAKER_02]: And then dude, these are all of them all of my, thank you clients, I appreciate you.

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[SPEAKER_01]: Michael Mitchell with scope first.

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[SPEAKER_01]: He also has tests contracting.

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[SPEAKER_01]: They do.

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[SPEAKER_01]: They're all entrepreneurs.

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[SPEAKER_02]: They all have several things, right?

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[SPEAKER_01]: Yep.

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[SPEAKER_01]: And Nicole Crocker, who is a website and SEO specialist, you know her very, very well.

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[SPEAKER_01]: Amazing.

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[SPEAKER_01]: Well, not very, very, but more well than everybody else that I.

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[SPEAKER_01]: compared to other people.

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[SPEAKER_01]: You didn't have to say that on podcast.

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[SPEAKER_02]: Nobody has seen it.

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[SPEAKER_01]: Jared suffers what this thing called people honest.

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[SPEAKER_02]: That's my new thing on podcast is like there's too much

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[SPEAKER_01]: pampering going on these days to where it's like oh but what you do why that matters and I don't know it's like we need more disagreements in the house just ask me to disagree with him so if I just randomly disagree it's because he asked me to so we just need honesty so really that's the thing

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[SPEAKER_02]: All right, I disagree.

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[SPEAKER_02]: So, it's all about business.

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[SPEAKER_02]: It's all about money.

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[SPEAKER_02]: It's all about mindset and this podcast, that's where you're looking for.

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[SPEAKER_02]: This is the right place.

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[SPEAKER_02]: Can't see the base does well.

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[SPEAKER_02]: If you can see it.

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[SPEAKER_02]: They have a lot of sand here following because that's why I'm from.

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[SPEAKER_02]: Oh, yeah, watch out.

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[SPEAKER_02]: SD is coming for the KZ house.

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[SPEAKER_02]: Cool.

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[SPEAKER_02]: So today we're talking about money money.

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[SPEAKER_02]: Yes.

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[SPEAKER_01]: So being an entrepreneur.

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[SPEAKER_01]: and successful in the eyes of you and maybe just metrics and money all that kind of stuff.

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[SPEAKER_01]: It doesn't mean that we've done everything perfect.

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[SPEAKER_01]: So today we wanted to talk about some bad money moves and some good money moves and more specifically talk about the consequences of those things and the consequences of the good stuff, too.

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[SPEAKER_01]: It's consequences are just basically results that come out of decisions that we make.

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[SPEAKER_01]: So Jared, it was funny because as we were preparing for this, I was like, that's all you, that's all you lost.

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[SPEAKER_01]: That I felt really bad.

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[SPEAKER_01]: I was like, oh dang, I lost a lot of money in some cases, but what would you chalk up as the worst money move you've made in your life that you could remember?

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[SPEAKER_02]: All right, it's been long enough so I can say this.

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[SPEAKER_02]: This was one of the hardest ones.

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[SPEAKER_02]: And back in 2020 is sure, whatever, pretty close to there.

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[SPEAKER_02]: I actually got into Dogecoin right before it, like a little bit crazy, and it was just kind of for fun.

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[SPEAKER_02]: You know, I was like, I'm just going through on $20.

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[SPEAKER_02]: Well, I made $100 pretty quick, because it actually went.

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[SPEAKER_02]: And I was like, do these people are crazy?

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[SPEAKER_02]: How does this really work?

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[SPEAKER_02]: I think I bought it at like two cents and it went to eight.

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[SPEAKER_02]: something around there.

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[SPEAKER_02]: I was like, dude, if only I would have put in this much.

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[SPEAKER_02]: Uh-huh.

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[SPEAKER_02]: Well, then, but then I was like, okay, hold on.

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[SPEAKER_02]: Wisdom, the apply was done like, like, be a little more conservative.

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[SPEAKER_02]: This stuff's so volatile.

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[SPEAKER_02]: Like, it's all over the place.

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[SPEAKER_02]: And I learned all the language.

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[SPEAKER_02]: And I, I actually learned about stocks a lot more through crypto.

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[SPEAKER_01]: Yeah.

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[SPEAKER_02]: There's kind of my on board.

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[SPEAKER_02]: But long story short.

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[SPEAKER_02]: I started organizing crypto as part of my regular plan for personal finance.

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[SPEAKER_01]: Okay.

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[SPEAKER_02]: So like I always wanted a channel that would invest.

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[SPEAKER_02]: There's always a potential that you could get more money back.

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[SPEAKER_02]: So I always wanted something like that.

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[SPEAKER_02]: and then I was trying to pay off debts too, but I would borrow from the debt funds to go and grow it.

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[SPEAKER_01]: Oh.

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[SPEAKER_02]: I set aside debt funds and then I would borrow from that and be like, I'm gonna send it back, and we're gonna have more money.

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[SPEAKER_01]: Yeah, I often recognize that cycle so well.

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[SPEAKER_02]: Yeah, that was a trap.

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[SPEAKER_02]: Yeah, I mean, there's probably people that have success and I even found success in like base, you know, Coinbase, like some things, um, even at CPE, I was like, oh, well.

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[SPEAKER_02]: But there was one that like really stuck out and it was like a stable coin, I forgot what it was called at the time, and apparently it was backed by something else totally different than itself and it wasn't an American dollar that it was backed by it was just tethered to it.

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[SPEAKER_02]: So it's like, on all this crypto, I started learning the whole thing is that it's decentralized and out of the hands of a human that like just has thoughts and messes things up.

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[SPEAKER_02]: Yeah.

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[SPEAKER_02]: Well, it turns out most of them aren't really completely decentralized.

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[SPEAKER_01]: Yeah, it's still.

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[SPEAKER_02]: They can, someone can push an update.

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[SPEAKER_02]: If they can push an update, they could probably break it.

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[SPEAKER_01]: Well, not just that, too.

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[SPEAKER_01]: So, like, remember, Dogecoin, you know why it went crazy?

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[SPEAKER_01]: It was just that mean, not just that, but like Elon Musk would just, like, say something about it.

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[SPEAKER_01]: I got it, and then everybody was like, yes, so decentralized, but still emotional.

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[SPEAKER_01]: And if a human with enough influence just kind of provoked it, then, and that's what happened.

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[SPEAKER_01]: Oh, it was called UST, UST.

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[SPEAKER_02]: UST, it was the stablecoin.

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[SPEAKER_02]: And what they would do is like, give you 10% back.

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[SPEAKER_02]: This is how I was like, this beats.

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[SPEAKER_02]: Oh, is that like, staking it?

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[SPEAKER_02]: Yeah.

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[SPEAKER_02]: It would stake the stable coin and then she's cook it up or whatever it's called.

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[SPEAKER_02]: And then it would, I started making money.

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[SPEAKER_02]: I was like, dude, I got to put everything in here.

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[SPEAKER_02]: I put our, I was like, it's stable coin, right?

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[SPEAKER_02]: So, I'm gonna put our emergency fund in there.

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[SPEAKER_02]: I'm gonna put, because that's, we had a thousand dollars of emergency fund at the time.

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[SPEAKER_02]: So, we're like, okay, cool.

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[SPEAKER_02]: That could make money or emergency fun instead of just sitting there could make money.

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[SPEAKER_02]: Yeah, and I can get it out pretty easy I got was very confident in that but Then we were we had this mission trip coming up.

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[SPEAKER_02]: I was like, okay, we have like two or three thousand saved for that Let's put in there two just because he just started sticking out.

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[SPEAKER_01]: You started putting everything.

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[SPEAKER_02]: I was like I was thinking of Iron me like just Put everything in that one last beam.

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[SPEAKER_01]: Yeah

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[SPEAKER_02]: and then read to spurs it because it was only like a temporary time and I was like it's stable.

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[SPEAKER_02]: Like the risk is just that the value of the dollar goes down or something.

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[SPEAKER_02]: Yeah.

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[SPEAKER_01]: Yeah.

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[SPEAKER_02]: But you know what happened?

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[SPEAKER_02]: It crashed.

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[SPEAKER_02]: Things are stable until they're not.

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[SPEAKER_02]: Yeah.

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[SPEAKER_02]: Someone actually exploited the coin version of it that it was attached to and I don't remember what that's called.

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[SPEAKER_02]: But there's probably some other people out there that went through this exact same thing.

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[SPEAKER_02]: someone exploited it by, like, putting in too much or something and then pulled and it like that that happens a lot.

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[SPEAKER_02]: Yeah.

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[SPEAKER_01]: And stocks, too.

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[SPEAKER_02]: And also in the crypto and it wasn't really just like a rug pulled kind of thing.

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[SPEAKER_01]: Well, they cause more like well investors where they put a bunch of money.

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[SPEAKER_01]: Yeah.

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[SPEAKER_01]: It goes up and they pull out really.

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[SPEAKER_02]: They just really destroyed it.

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[SPEAKER_02]: But basically, I think I had close to 7,000 in there, but it was meaningful 7,000 dollars.

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[SPEAKER_01]: Yeah, and it wasn't supposed to be on peg how much of that 7,000 was the money you made off what you put in No, I don't think any of that.

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[SPEAKER_02]: I mean so maybe you were able to scrape up 7,000 from everywhere and okay didn't even go up a little bit yeah started making like $200 or something like that

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[SPEAKER_02]: Okay, but I was reinvesting it to instead of mistaken.

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[SPEAKER_02]: Yeah.

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[SPEAKER_01]: Oh, man.

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[SPEAKER_01]: So and okay, so explain like Like where were you out as a family?

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[SPEAKER_01]: Finances but just all the kind of stuff like what what does that seven grand mean to you at that point?

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[SPEAKER_01]: Because now that we think about it seven grand might not mean a lot.

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[SPEAKER_01]: You know, it always isn't a lot if you don't

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[SPEAKER_01]: if you lose it.

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[SPEAKER_01]: Yeah.

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[SPEAKER_01]: But, you know, in that season of life with your wife and your kids, like, how much do that mean to you?

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[SPEAKER_01]: Dude, that meant actually a lot.

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[SPEAKER_02]: Like, that was, we didn't even have 7,000 in any account, anywhere.

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[SPEAKER_02]: So, and we haven't even seen that much in one

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[SPEAKER_02]: Except for maybe like it's tax credits stuff at the end of the tax year for happy kids.

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[SPEAKER_02]: We had two kids We're about to go on this mission trip Wait, do we have to yeah, we did feel was just boring.

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[SPEAKER_01]: Oh, okay.

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[SPEAKER_02]: He was like under a while and Then yeah, we were about to go and then all of a sudden the biggest thing was now What are we gonna do to pay for our mission trip?

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[SPEAKER_02]: So I was actually like calling around and like trying to find ways and the church let like they actually had a I don't know.

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[SPEAKER_02]: Someone spotted me and they had enough, but I paid it back.

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[SPEAKER_02]: I did a payment plane, finally got it all paid back and everything and I was like dude, I'll do extra work like does anybody have anything and I started and I almost got someone but I didn't really so it just wasn't good at all him and a lot.

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[SPEAKER_02]: We could have used that 7k to like pay off a van or something.

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[SPEAKER_01]: Yeah.

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[SPEAKER_01]: Well, how how did your wife react to all that?

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[SPEAKER_02]: Okay, so I know that no matter from other people's mistakes in marriage That if this was a story or movie, what would you hope that character would do?

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[SPEAKER_02]: And I thought of that and I was like, okay

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[SPEAKER_02]: I was hoping this would repay or like someone comes back and is a hero and puts money back in and it would work but know they went from a dollar all the way down to like two cents.

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[SPEAKER_02]: It was that far.

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[SPEAKER_02]: Wow.

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[SPEAKER_01]: So you lost everything.

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[SPEAKER_02]: Yeah, I think I had $200.

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[SPEAKER_02]: And then they had like a give back later and it was like $300.

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[SPEAKER_02]: So but as soon as those came in I was like pull it out.

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[SPEAKER_02]: Yep.

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[SPEAKER_02]: Yep.

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[SPEAKER_02]: So I knew I had to tell my wife.

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[SPEAKER_02]: And I was like, I'm just going to tell her I have to.

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[SPEAKER_02]: had this eye twitch happening.

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[SPEAKER_02]: Yeah.

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[SPEAKER_02]: And that was the first time I realized I have eye twitches when I'm really stressed.

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[SPEAKER_02]: I was just trying to express like, there's no way you can be as devastated and embarrassed as me during this.

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[SPEAKER_02]: But one of the best moments in our life was her response because she, wow, it was upsetting.

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[SPEAKER_01]: She was like, you still

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[SPEAKER_01]: So she realized you were in a bad spot.

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[SPEAKER_01]: And so instead of like making it worse, which she probably had the right to do that, she chose to like encourage you.

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[SPEAKER_02]: Yeah, she chose to double down.

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[SPEAKER_02]: Even though she had every right to be angry.

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[SPEAKER_02]: And that just meant a lot.

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[SPEAKER_01]: That's amazing.

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[SPEAKER_01]: You must have put in so much to your relationship for her to be what I have that resilience talk to you like that.

13:42.712 --> 13:43.112
[SPEAKER_01]: I guess so.

13:43.945 --> 13:44.405
[SPEAKER_01]: That's pretty cool.

13:44.465 --> 13:44.645
[SPEAKER_02]: Yeah.

13:45.325 --> 13:46.306
[SPEAKER_02]: I mean, we had two kids, so.

13:46.586 --> 13:47.646
[SPEAKER_01]: Yeah.

13:47.906 --> 13:51.647
[SPEAKER_01]: I remember making very, very emotional and fast decisions with money like that.

13:51.727 --> 14:00.509
[SPEAKER_01]: As a matter of fact, one of my worst, worst money moves, there was two was I sold my business for a lot of money and there was so much money in the bank account.

14:01.769 --> 14:06.670
[SPEAKER_01]: And one of the worst things I did was immediately try to figure out where to put all that money so it can make me money.

14:07.010 --> 14:07.850
[SPEAKER_01]: Okay.

14:07.990 --> 14:08.970
[SPEAKER_01]: That's what I would want to do.

14:09.270 --> 14:09.551
[SPEAKER_01]: Yeah.

14:09.871 --> 14:11.011
[SPEAKER_01]: Well, the thing is, too, it's like,

14:12.102 --> 14:21.026
[SPEAKER_01]: I, you know, I try to become an expert in a lot of things, and so I put money in places I just didn't have a lot of experience with like cryptos.

14:21.586 --> 14:24.587
[SPEAKER_01]: I wrote that Dogecoin thing and I put 10 grand into it, you know what I mean?

14:24.887 --> 14:30.069
[SPEAKER_01]: And it made a lot of money, but then I didn't take it out once I hit the peak because I thought, oh, we're going to go to the moon, right?

14:30.089 --> 14:32.310
[SPEAKER_01]: Yeah, I'm going to go to the moon.

14:33.071 --> 14:35.992
[SPEAKER_01]: And so then after that it was like,

14:37.037 --> 14:37.658
[SPEAKER_01]: Okay, leave it in there.

14:37.678 --> 14:40.700
[SPEAKER_01]: It's going to go back to the moon and then a year goes by two years ago.

14:40.740 --> 14:41.421
[SPEAKER_01]: It's not even there.

14:41.481 --> 14:46.726
[SPEAKER_01]: It's still not even like where it was, you know, and just that hope of Elon say something about it again.

14:46.746 --> 14:48.407
[SPEAKER_01]: Yeah, Elon just tweet, man.

14:49.168 --> 14:50.149
[SPEAKER_01]: Um, but he's not.

14:50.269 --> 14:52.451
[SPEAKER_01]: So it's like, ah, dude.

14:52.671 --> 14:52.951
[SPEAKER_01]: Okay.

14:53.532 --> 14:55.173
[SPEAKER_01]: So, but that wasn't my worst money move.

14:55.193 --> 14:59.137
[SPEAKER_01]: I think my worst money move was a money move I made without my wife's can.

14:59.257 --> 14:59.457
[SPEAKER_01]: Well,

15:01.020 --> 15:03.581
[SPEAKER_01]: She knew about it, she asked me not to do it.

15:03.961 --> 15:06.141
[SPEAKER_01]: I still did it, you know.

15:06.521 --> 15:10.463
[SPEAKER_01]: And on top of that, it had some investors attached to it.

15:10.503 --> 15:12.363
[SPEAKER_01]: It was a real estate deal, okay.

15:12.783 --> 15:24.726
[SPEAKER_01]: Now, when I looked at this real estate deal, the numbers made sense, the real turd did the background, we did our estimates like perfect case scenario, we would have banked on this.

15:24.986 --> 15:25.206
[SPEAKER_01]: Yeah.

15:25.807 --> 15:27.287
[SPEAKER_01]: But in hindsight,

15:28.831 --> 15:42.807
[SPEAKER_01]: You know, the market was shifting and I was still hopeful that we would get all these like offers and but the two real estate deals they made before that we made money is just it wasn't like he used to be.

15:43.668 --> 15:46.611
[SPEAKER_01]: We weren't having multiple offers like we had to entertain one offer.

15:47.616 --> 15:50.197
[SPEAKER_01]: We still made profit, but I didn't come in.

15:50.237 --> 15:54.878
[SPEAKER_01]: So I didn't read those signs.

15:54.938 --> 15:59.159
[SPEAKER_01]: And I kind of got greedy when somebody offered this amazing opportunity.

15:59.799 --> 16:00.760
[SPEAKER_01]: I only looked at the numbers.

16:00.780 --> 16:03.020
[SPEAKER_01]: I didn't look at the reality of the neighborhood that it was in.

16:03.360 --> 16:05.821
[SPEAKER_01]: The amount of work that we had to put in, all that.

16:06.861 --> 16:09.122
[SPEAKER_01]: And that project drug on for two years.

16:09.682 --> 16:11.303
[SPEAKER_01]: We hired a contractor.

16:12.752 --> 16:14.774
[SPEAKER_01]: who had an license from B&I.

16:16.335 --> 16:18.576
[SPEAKER_01]: I'm not going to see the name because they might watch this.

16:18.817 --> 16:22.419
[SPEAKER_01]: And I'm not in the business of Cassie any more shade on that person.

16:22.459 --> 16:26.882
[SPEAKER_01]: But, you know, we told them to scope a work.

16:27.062 --> 16:28.543
[SPEAKER_01]: We were, we signed an agreement.

16:29.224 --> 16:31.706
[SPEAKER_01]: We gave them a down payment, which I'll never do that again.

16:32.086 --> 16:35.108
[SPEAKER_01]: You know, the scope of work was there.

16:35.128 --> 16:39.711
[SPEAKER_01]: There was a lot of red flags that came up like, he kept forgetting certain things and all of a sudden he kept asking for more money.

16:39.751 --> 16:40.412
[SPEAKER_01]: We gave it to him.

16:41.232 --> 16:45.775
[SPEAKER_01]: And this person basically said, hey, I shouldn't have gone to this project.

16:45.855 --> 16:46.495
[SPEAKER_01]: I feel so bad.

16:46.575 --> 16:47.455
[SPEAKER_01]: I can't do it anymore.

16:47.996 --> 16:48.376
[SPEAKER_01]: Right, great.

16:48.396 --> 16:49.056
[SPEAKER_01]: Give us some money back.

16:49.276 --> 16:49.797
[SPEAKER_01]: Don't have it.

16:50.577 --> 16:52.938
[SPEAKER_01]: It's about 30 grand.

16:52.958 --> 16:57.140
[SPEAKER_01]: And we had to literally sell our house to take some capital out to finish the project.

16:58.581 --> 17:00.022
[SPEAKER_01]: That was a beautiful house that we wanted.

17:00.742 --> 17:01.062
[SPEAKER_01]: Dang.

17:01.522 --> 17:03.924
[SPEAKER_01]: And so that mistake alone,

17:05.169 --> 17:08.874
[SPEAKER_01]: is about $230,000 of our own money to fix it.

17:09.415 --> 17:16.804
[SPEAKER_01]: Not including the investors that still have money in there that I have to talk to right now and say, hey, by the way, like, was it the house I went to?

17:17.967 --> 17:19.428
[SPEAKER_02]: Or no, that was where you stayed.

17:19.608 --> 17:21.348
[SPEAKER_01]: That's where we, yeah, we rented that one.

17:21.368 --> 17:22.189
[SPEAKER_01]: Yeah, in between.

17:22.329 --> 17:26.010
[SPEAKER_01]: So now we're back in at least, we're not back in it, but now we have house in the summer, it's really nice.

17:26.610 --> 17:30.652
[SPEAKER_01]: But like, all of our, all of that money is in that house.

17:31.012 --> 17:32.153
[SPEAKER_01]: And we couldn't even sell it.

17:32.213 --> 17:37.335
[SPEAKER_01]: Like, we could, but we'd have to go way below what it's worth because that neighborhood doesn't sell so well.

17:37.775 --> 17:39.315
[SPEAKER_01]: It's the best looking house in the neighborhood.

17:40.196 --> 17:44.257
[SPEAKER_01]: But the bad money move wasn't the fact that we didn't look at the numbers,

17:47.169 --> 18:00.380
[SPEAKER_01]: My wife said I have a feeling that if we buy this house, it would be the worst financial decision we ever will make up into this point and I didn't want to listen to her like I thought I knew it all we we had like

18:01.823 --> 18:04.106
[SPEAKER_01]: dozens of flips that were that were successful.

18:04.126 --> 18:07.710
[SPEAKER_01]: Maybe a couple of bad ones, but like I was so confident in our ability.

18:08.170 --> 18:12.835
[SPEAKER_01]: Yeah, and here you are actually talking about it like it's your worst mistake and money.

18:13.095 --> 18:14.817
[SPEAKER_01]: Yeah, yeah, it's crazy.

18:14.897 --> 18:18.862
[SPEAKER_01]: So it's like we had to put in everything we had in the moment.

18:20.019 --> 18:28.225
[SPEAKER_01]: Um, it's funny when people were like, oh, what's your net worth and I'm like, that doesn't mean anything because you can't take that money Oh, so I have a net worth of something.

18:28.285 --> 18:29.606
[SPEAKER_01]: It just doesn't feel like that.

18:29.626 --> 18:30.066
[SPEAKER_01]: You know what I mean?

18:30.086 --> 18:32.547
[SPEAKER_01]: Yeah I'll just forget to calculate everything

18:34.218 --> 18:39.740
[SPEAKER_01]: So that was one of the worst financial decisions that we made, and it really put a strain on our relationship.

18:39.860 --> 18:45.142
[SPEAKER_01]: I think when my wife was in here doing the podcast, we alluded to just having a really hard time.

18:45.283 --> 18:50.785
[SPEAKER_01]: And, you know, one of the big mistakes that I've made and the thing that I regret so much is that I harbored so much.

18:52.098 --> 19:15.303
[SPEAKER_01]: bitterness towards her because she didn't want to support me on that project and my pride just kind of stuck with me like we're going to make this happen and then this is one thing after the other and then shame kicked in and instead of just going to God and asking for forgiveness and just putting my pride down like and making it right with my wife like I we just gone to bad fights dude like we that was hard and I know that you know

19:16.622 --> 19:29.355
[SPEAKER_01]: We're probably praying about like a marriage and business ministry or coaching because what we went through and by far not perfect, but with all that being said, we did have to fight through that.

19:29.675 --> 19:39.245
[SPEAKER_01]: We did have to learn to trust each other again, her especially for me, because the shame was like, I'm the successful guy that everybody knows and I just lost.

19:39.845 --> 19:40.105
[SPEAKER_01]: big.

19:41.326 --> 19:43.806
[SPEAKER_01]: And so it's like, I don't look at all the other successes.

19:44.147 --> 19:46.988
[SPEAKER_01]: It's just hyper focused on what we don't have.

19:47.048 --> 19:50.329
[SPEAKER_01]: And that money, I mean, that house was my wife's dream house.

19:51.989 --> 19:53.790
[SPEAKER_01]: And in hindsight, we probably didn't just sell it.

19:53.830 --> 19:54.790
[SPEAKER_01]: I could have figured something out.

19:54.870 --> 19:58.972
[SPEAKER_01]: But that was the best fast decision that we made because it's like, okay, it's going to cover all the debt.

20:00.815 --> 20:19.623
[SPEAKER_01]: And then it did it because the house kept dragging like I would have probably just I would have probably just rather Loose the house and keep that yeah, like lose the the investment property and just Tell everybody story sorry, but we we sold our house and That I think was the second bad move that we made it's like I jumped into thing.

20:19.663 --> 20:22.444
[SPEAKER_01]: I was like oh, there's $250,000 with the equity in our house.

20:22.585 --> 20:23.025
[SPEAKER_01]: Let's sell it.

20:23.385 --> 20:23.505
[SPEAKER_00]: Mm-hmm

20:24.498 --> 20:30.541
[SPEAKER_01]: Because anything above 250, like we would have to pay capital gains tax on it, because we've been there more than three years.

20:30.561 --> 20:37.985
[SPEAKER_01]: So there was just a lot, you know, when you get emotional, you make one bad decision if you don't, if you don't face stuff right away, you start making one after the other.

20:38.205 --> 20:39.025
[SPEAKER_02]: Yeah, after the other.

20:39.285 --> 20:47.129
[SPEAKER_02]: And you say emotional, and sometimes like I think of like being sad, or like, you get this weird feeling and everything.

20:48.190 --> 20:51.952
[SPEAKER_02]: But actually, emotional is also excited.

20:53.586 --> 20:55.268
[SPEAKER_02]: And you could get to see even, too.

20:55.608 --> 21:01.793
[SPEAKER_02]: So I thought of another one, a bad money move that I was so excited for.

21:02.514 --> 21:07.238
[SPEAKER_02]: I saw what I wanted to see and couldn't actually pay attention to what was real.

21:08.419 --> 21:14.705
[SPEAKER_02]: And that was like, I started this business with nothing.

21:15.786 --> 21:17.247
[SPEAKER_02]: And I'm doing it all with cash flow.

21:18.515 --> 21:28.918
[SPEAKER_02]: but I got to a point where I'm like, okay, this is a low amount too, it's not 30,000, but it's like, dude, at the point I'm like, dude, there's so many other people out there that are getting loans.

21:30.559 --> 21:37.261
[SPEAKER_02]: And I don't know, it looks like they're doing really well and they can calculate it into the future growth.

21:38.241 --> 21:39.721
[SPEAKER_02]: To pay it off and it could be worth it.

21:41.062 --> 21:45.103
[SPEAKER_02]: And to pay it on your situation, maybe that is a good idea, but for mine,

21:46.003 --> 21:57.088
[SPEAKER_02]: and in hindsight, I would never do that again because I miss red where it said the payment plan to pay it back.

21:57.869 --> 21:59.329
[SPEAKER_02]: So it was like a quick $10,000 loan.

21:59.349 --> 22:02.151
[SPEAKER_02]: I was going to put it like mostly into ads.

22:03.131 --> 22:05.472
[SPEAKER_02]: You even helped me with the plan.

22:05.492 --> 22:07.013
[SPEAKER_02]: You're like, okay, but you got to do it right.

22:08.354 --> 22:14.539
[SPEAKER_02]: You got to do it right, but which you know the terms perfectly except I gave you the wrong info.

22:15.419 --> 22:20.324
[SPEAKER_01]: So I disagree not joking because you asked me to disagree.

22:20.844 --> 22:23.006
[SPEAKER_02]: And the info was that that's funny.

22:23.947 --> 22:31.293
[SPEAKER_02]: The info was that it was like 280 a month repayment plan.

22:37.793 --> 22:39.214
[SPEAKER_01]: I was like, why is it coming out twice a month?

22:39.835 --> 22:42.017
[SPEAKER_02]: That's literally double what I can do.

22:42.718 --> 22:42.898
[SPEAKER_02]: Yeah.

22:43.618 --> 22:44.980
[SPEAKER_02]: And then no, that wasn't the case.

22:45.620 --> 22:46.581
[SPEAKER_02]: It was actually weekly.

22:47.582 --> 22:48.803
[SPEAKER_02]: Those were weekly payments.

22:48.823 --> 22:51.406
[SPEAKER_02]: So I must mistake the payment plan.

22:52.066 --> 22:57.811
[SPEAKER_02]: This cause I was like looking at a bunch of them and then by the time I chose one and it like, you know, it just dang it.

22:57.851 --> 22:58.672
[SPEAKER_01]: That one was weekly.

22:59.513 --> 23:01.175
[SPEAKER_02]: Like, well, it's paid off now.

23:01.863 --> 23:05.405
[SPEAKER_02]: Yeah, that is paid off, but it costs some other ripple effects.

23:06.406 --> 23:09.367
[SPEAKER_02]: And so, well, there's certain other things that you probably needed to do that you couldn't.

23:09.967 --> 23:14.830
[SPEAKER_02]: Yeah, so I had to get out of that faster because I just didn't like it.

23:14.870 --> 23:16.051
[SPEAKER_02]: I couldn't, I was drowning.

23:16.751 --> 23:23.875
[SPEAKER_02]: Like, to pay, but if I could pay back $900 a month, I wouldn't even get $10,000 in business loan.

23:23.915 --> 23:27.497
[SPEAKER_00]: Yeah, like I would choose my $900 to go and just do what I wanted to do.

23:31.019 --> 23:32.300
[SPEAKER_02]: to have all that capital of front.

23:33.100 --> 23:34.822
[SPEAKER_02]: So it wasn't worth it for me.

23:35.122 --> 23:47.089
[SPEAKER_02]: But then the next move was like, okay, let's do like some people mentioned like credit lines that could be balanced transfers or whatever.

23:47.570 --> 23:48.270
[SPEAKER_02]: I think I need help.

23:48.290 --> 23:53.914
[SPEAKER_02]: There's someone that was in a networking group that deals with this kind of stuff and helps people, okay, cool.

23:54.334 --> 23:56.275
[SPEAKER_02]: So I call this person seemingly

23:57.691 --> 24:02.293
[SPEAKER_02]: And, and I think the person means well too, you know how they kind of like believe it at a deep level.

24:02.393 --> 24:03.193
[SPEAKER_01]: Yeah, I remember.

24:03.334 --> 24:03.514
[SPEAKER_02]: No.

24:04.074 --> 24:07.996
[SPEAKER_02]: Um, but then I agreed and went through it.

24:08.076 --> 24:12.097
[SPEAKER_02]: And then, but all that person did was send me to another company.

24:13.518 --> 24:21.061
[SPEAKER_02]: And then that other company was like, Oh, yeah, we can get to balance transfer to pay that off, plus we can give you a little more.

24:21.081 --> 24:21.141
[SPEAKER_02]: And

24:23.089 --> 24:31.236
[SPEAKER_02]: We'll just apply for a bunch of basically how works will apply for a bunch of credit cards and then we put it together and it's called like a S-lock or something like that.

24:31.476 --> 24:34.338
[SPEAKER_02]: Yeah, so you get a bunch of credit lines and you just use it if you need it.

24:35.311 --> 24:39.814
[SPEAKER_02]: I was like, okay, I like that because I could just have access, but not use it if I don't need to.

24:40.654 --> 24:42.935
[SPEAKER_02]: And then I don't owe for something I didn't use yet.

24:43.036 --> 24:43.596
[SPEAKER_02]: Right, right.

24:43.636 --> 24:44.716
[SPEAKER_02]: So a lot of the basically.

24:45.117 --> 24:48.759
[SPEAKER_02]: Yeah, some that syndicated line of credit, I think, it's what's called.

24:49.599 --> 24:53.041
[SPEAKER_02]: And I would advise anybody like to be very careful.

24:53.061 --> 24:54.322
[SPEAKER_02]: There's probably one percent of people.

24:54.362 --> 24:56.003
[SPEAKER_02]: This is actually good for it.

24:56.143 --> 24:58.965
[SPEAKER_02]: Especially with another company doing it for you.

24:59.885 --> 25:04.108
[SPEAKER_02]: So what the other company does is they go in and they apply for all the credit cards.

25:04.835 --> 25:05.375
[SPEAKER_01]: under their name?

25:05.876 --> 25:07.117
[SPEAKER_01]: No, under your name.

25:07.157 --> 25:16.865
[SPEAKER_02]: Yeah, but what they don't tell you very good is how much you owe them.

25:18.486 --> 25:21.028
[SPEAKER_02]: Because they take a percentage.

25:22.169 --> 25:22.610
[SPEAKER_02]: Oh, God.

25:23.330 --> 25:24.971
[SPEAKER_02]: Of what you're qualified for.

25:25.492 --> 25:26.493
[SPEAKER_02]: Not what you use.

25:27.892 --> 25:43.266
[SPEAKER_02]: So they could, if they're really good at it and I had like fantastic qualifications or something, I could have had a hundred thousand dollars of S-lock and I would owe them the like five percent, I think it was 10 percent, it was high.

25:43.286 --> 25:43.866
[SPEAKER_01]: 15 grand?

25:44.427 --> 25:47.309
[SPEAKER_02]: So I would owe them 15 grand even if I use none.

25:47.329 --> 25:51.293
[SPEAKER_02]: I was like, this is dumb, all they did was go and apply.

25:51.693 --> 25:53.315
[SPEAKER_02]: I'm getting these in the mail anyways.

25:54.417 --> 25:55.698
[SPEAKER_01]: Yeah, you could have went out and did all that.

25:55.718 --> 26:03.001
[SPEAKER_02]: So to the Lord's blessing, you know, I was like trying to get out of this, like I even had like a loss you'd ready because they actually messed up too.

26:03.761 --> 26:04.541
[SPEAKER_02]: Dude, I had it ready.

26:05.182 --> 26:05.862
[SPEAKER_02]: Chetty, be healed.

26:06.482 --> 26:08.103
[SPEAKER_02]: Point out some things and locked some things.

26:08.203 --> 26:09.183
[SPEAKER_02]: Attorney, GPT.

26:09.423 --> 26:10.304
[SPEAKER_01]: Yeah, Attorney, GPT.

26:10.624 --> 26:14.826
[SPEAKER_02]: Well, it was ready to then go and be like call a real attorney.

26:15.786 --> 26:17.107
[SPEAKER_02]: And I was gonna start threatening that.

26:17.207 --> 26:18.647
[SPEAKER_02]: But to my,

26:20.877 --> 26:25.262
[SPEAKER_02]: block, I guess, or blessing or whatever, only one card actually worked.

26:25.863 --> 26:27.485
[SPEAKER_02]: And I was like, dude, I'm just going to pay and get out.

26:28.766 --> 26:32.550
[SPEAKER_02]: No, no harm, no, I like, it was like, and it was only like $2,000 credit.

26:33.291 --> 26:33.732
[SPEAKER_01]: What's all of them?

26:33.752 --> 26:36.475
[SPEAKER_02]: I was like, oh my gosh, okay, so I just paid them $200.

26:36.495 --> 26:38.037
[SPEAKER_02]: Dude, stop contacting me.

26:38.988 --> 26:41.909
[SPEAKER_02]: But then I was like, okay, I still need to get out of a few things.

26:41.949 --> 26:43.850
[SPEAKER_02]: So I did my own application after that.

26:44.090 --> 26:44.750
[SPEAKER_01]: That's pretty cool.

26:44.850 --> 26:45.531
[SPEAKER_02]: But that's cool.

26:45.851 --> 26:47.131
[SPEAKER_02]: Do not do that stuff.

26:47.151 --> 26:53.694
[SPEAKER_02]: Like, and if someone needs like guidance on it, I would love to help because it's shady.

26:54.074 --> 26:54.794
[SPEAKER_02]: It's shady.

26:54.874 --> 26:59.696
[SPEAKER_02]: I had a couple of financial advisors, friends, and I'm like, why the heck didn't I call them in the first place?

27:00.596 --> 27:04.058
[SPEAKER_02]: And they looked at it too, and they're like, dude, this company is.

27:05.118 --> 27:05.379
[SPEAKER_02]: dumb.

27:06.159 --> 27:10.104
[SPEAKER_01]: Well, in some ways, it's kind of smart, but in some ways, they've preyed, they prey on those people.

27:10.144 --> 27:23.520
[SPEAKER_01]: Yeah, sometimes, so during business, you have high months and low months, and sometimes, you know, as entrepreneurs, especially in the beginning, and even at higher levels, you know, you get trapped in this whole thing of, oh, I don't have cash flow, so I gotta go and...

27:24.161 --> 27:25.342
[SPEAKER_01]: Yeah, apply for all these things.

27:25.362 --> 27:26.583
[SPEAKER_02]: I don't have to spend money, make money.

27:26.683 --> 27:31.687
[SPEAKER_01]: We used this software called House Call Pro, it's your system.

27:32.248 --> 27:39.454
[SPEAKER_01]: And they had this thing called fund box, I think, where it's like they'll give you a loan based off of how much you have in receivables coming in.

27:39.834 --> 27:41.796
[SPEAKER_01]: But you got to pay back weekly at a high interest.

27:42.236 --> 27:42.496
[SPEAKER_02]: Okay.

27:42.616 --> 27:48.241
[SPEAKER_01]: Until you just pay it off so there's no problem in penalty, but every week that you have an open that you're using it, you're paying a weekly interest moment.

27:48.781 --> 27:54.966
[SPEAKER_01]: And I remember in tight spots we did that, but it's like we got to get out of this thing because it wasn't a healthy alone to be in.

27:55.146 --> 27:55.406
[SPEAKER_01]: Right.

27:55.426 --> 28:09.317
[SPEAKER_01]: And I know so many clients and so many people that we were not working with that used it as an open line of credit and they didn't have a way to pay a back or they used the money from the council receivables for their business and they just had and it's like,

28:10.898 --> 28:20.665
[SPEAKER_01]: you're paying 600 bucks a week to pay down a $6,000 loan thing I might do, so that's that's that was a bad move.

28:21.286 --> 28:37.918
[SPEAKER_01]: Look, if you're in a pinch, I get it, but you have to have a plan when it comes to like these many moves and you can't one thing that like my experience with real estate is this, it's you know, you have to know the numbers well and you have to always, always base your investment

28:41.753 --> 28:43.625
[SPEAKER_02]: How long should you dwell on the decision, too?

28:44.595 --> 28:59.966
[SPEAKER_01]: That's, you know, depending on how experienced you are, some things you just know, like my buddy Michael Mitchell was a client and also the number three contributor on our screen, you know, it's just, you know, he could look at a property make decisions that know things and he already has his conservative formulas.

29:00.407 --> 29:02.248
[SPEAKER_01]: If you're new, it's like, get wisdom.

29:02.308 --> 29:09.233
[SPEAKER_01]: I go to people, get training, pay for a course, do things, like, and that was another mistake that I made is I did not go get help.

29:09.694 --> 29:11.495
[SPEAKER_01]: I actually was like, I gotta do this on my own.

29:13.538 --> 29:21.194
[SPEAKER_02]: And I feel like it should be various help because in my situation I went to one person who I thought I could trust but actually it was

29:22.338 --> 29:22.478
[SPEAKER_01]: Yeah.

29:22.658 --> 29:23.339
[SPEAKER_02]: He led me somewhere.

29:23.399 --> 29:32.909
[SPEAKER_01]: But you, in this case, and this is not for the sake of disagreeing, but this is to make a point here is you kind of already in your mind made how to solution, which is get alone.

29:33.169 --> 29:40.056
[SPEAKER_01]: So that was the only right that you're looking for, which what I'm saying is talk to more people, get wisdom around your situation.

29:40.156 --> 29:44.340
[SPEAKER_01]: If you never know who might have a different solution, who already experience what you did.

29:44.801 --> 29:45.742
[SPEAKER_02]: I almost called you, man.

29:46.282 --> 29:56.193
[SPEAKER_02]: like I want to why didn't you because I was like dude they want 10% just for qualifying but if you loan me the money I'd rather give you 3% and we both like I don't know.

29:56.213 --> 30:07.666
[SPEAKER_01]: I was going to make a deal to get out of it but yeah the hard part is is that when you make these bad decisions especially if you're male not not not not that if you're a female you don't feel this way I just I could only relate to the male emotion yeah

30:08.246 --> 30:10.868
[SPEAKER_01]: is there's a lot of shame around this, especially being a provider.

30:10.888 --> 30:16.852
[SPEAKER_01]: My wife, my beautiful wife, my amazing wife and my kids, like I didn't want to come back and tell my failed.

30:18.013 --> 30:19.093
[SPEAKER_01]: Yeah, that was tough.

30:19.113 --> 30:21.615
[SPEAKER_01]: It was like tell between my legs, had to do that.

30:21.955 --> 30:29.340
[SPEAKER_01]: I made some stupid moves, putting $30,000 aside into a day trading account, had some knowledge, had $30,000.

30:37.185 --> 30:38.687
[SPEAKER_01]: Bro, right?

30:39.127 --> 30:41.650
[SPEAKER_01]: Yeah, so it's like, you know what am I do down?

30:41.891 --> 30:42.792
[SPEAKER_01]: This is a good money moves.

30:43.152 --> 30:44.414
[SPEAKER_01]: Okay, stop doing things.

30:44.434 --> 30:46.857
[SPEAKER_01]: I'm not familiar with Just stop

30:47.580 --> 30:49.061
[SPEAKER_01]: Now real estate, that was different.

30:49.121 --> 30:50.081
[SPEAKER_01]: I'm familiar with real estate.

30:50.121 --> 30:52.062
[SPEAKER_01]: I still do it now, still do okay.

30:52.822 --> 30:55.603
[SPEAKER_01]: But day trading, that's a job on its own.

30:55.663 --> 30:57.524
[SPEAKER_01]: And the majority of day trading actually lose money.

30:58.044 --> 30:59.925
[SPEAKER_01]: But I was like, but I could be different.

31:00.065 --> 31:05.327
[SPEAKER_01]: Just when you think you know everything, and I have that problem when it comes to certain things.

31:07.748 --> 31:09.988
[SPEAKER_01]: I said things, for Zario, I said things.

31:10.309 --> 31:12.649
[SPEAKER_01]: And this is a good situation to say that.

31:13.630 --> 31:13.790
[SPEAKER_01]: But

31:15.210 --> 31:25.434
[SPEAKER_01]: It's like, no, no, there's things that I'm really good at, so right now, I'm really good at educating people in the space I'm in with business AI, you know, branding and marketing.

31:25.454 --> 31:26.754
[SPEAKER_01]: Yep, this stuff that we're talking about.

31:28.055 --> 31:29.355
[SPEAKER_01]: I can make a lot of money just doing that.

31:30.709 --> 31:33.750
[SPEAKER_02]: That was my mindset, shift to was like, wait a minute.

31:34.270 --> 31:41.073
[SPEAKER_02]: All this time and spending on crypto if I would spend this time getting good at sales and my business, I could make way more than this.

31:41.113 --> 31:41.834
[SPEAKER_01]: Well, not just that.

31:42.114 --> 31:44.275
[SPEAKER_02]: Okay, so I think of Uncle Alex from Ozey.

31:44.595 --> 31:45.975
[SPEAKER_02]: Yeah, Uncle Ozey.

31:46.135 --> 31:47.236
[SPEAKER_02]: From my ring golden, right?

31:47.276 --> 31:48.316
[SPEAKER_02]: Well, I don't go my ring.

31:48.336 --> 31:49.557
[SPEAKER_01]: You're already good at something.

31:50.317 --> 31:54.118
[SPEAKER_01]: You just have to go around and ask him, make an offer and say, hey, I can teach you this for 10 grand.

31:54.138 --> 32:03.962
[SPEAKER_01]: Like, have you thought, so I love my ring golden because he's like, if I need something, I just put an offer out there and see who takes it and if they can pay me what I want, I'll coach them for what I want and that pays for this.

32:04.422 --> 32:04.622
[SPEAKER_02]: Yep.

32:05.123 --> 32:08.964
[SPEAKER_01]: I'm like, dang, it's really that simple.

32:10.537 --> 32:35.277
[SPEAKER_01]: now do we have to do we have to build up to what he's asking for so what we have absolutely yeah the value has to be there but if I'm going to pinch and I need $5,000 I have a database if people I could call and say hey I'm planning this one-day thing or this two-day business thing for only five business owners and it's five grand each this is the value that you get if I call my entire database I probably I'll probably have four people that would

32:37.554 --> 32:40.496
[SPEAKER_01]: Maybe not in a heartbeat, but I'd probably have four people.

32:40.937 --> 32:44.219
[SPEAKER_01]: They would say, yes, and I've done it already.

32:44.840 --> 32:45.120
[SPEAKER_01]: Nice.

32:47.241 --> 32:52.265
[SPEAKER_01]: So, for one of my growth clubs, two sponsors pulled out.

32:53.046 --> 32:54.046
[SPEAKER_01]: Oh, yes, I call it a couple people.

32:54.067 --> 32:55.928
[SPEAKER_01]: I was like, hey, I want to give you an offer.

32:57.309 --> 32:58.050
[SPEAKER_01]: I'm not gonna say what it was.

32:59.431 --> 33:03.414
[SPEAKER_01]: Cause I'm not gonna put them on the spot, but I have to do the number out, and they both said, yes.

33:04.217 --> 33:05.158
[SPEAKER_01]: Dude, I didn't realize that.

33:05.218 --> 33:05.478
[SPEAKER_01]: Nice.

33:05.858 --> 33:06.139
[SPEAKER_01]: Yes.

33:06.559 --> 33:06.939
[SPEAKER_01]: Okay.

33:07.620 --> 33:08.681
[SPEAKER_01]: You know, it's not a sponsor.

33:08.701 --> 33:13.285
[SPEAKER_01]: It's not like free money coming in, but we need to pay for growth.

33:13.305 --> 33:14.967
[SPEAKER_01]: Club in our growth clubs cost about 10 grand.

33:15.447 --> 33:15.627
[SPEAKER_01]: Yeah.

33:15.867 --> 33:17.709
[SPEAKER_02]: So it's like, I need to figure this out.

33:18.029 --> 33:19.410
[SPEAKER_01]: And what are some good money moves that you've made?

33:19.431 --> 33:24.935
[SPEAKER_01]: Like, what's one real good money move that produced a really clear ROI?

33:27.318 --> 33:27.598
[SPEAKER_02]: Okay.

33:28.499 --> 33:30.220
[SPEAKER_02]: This is clear, but clear in the vibe check.

33:31.081 --> 33:31.221
[SPEAKER_01]: Okay.

33:32.786 --> 33:46.998
[SPEAKER_02]: giving, done, generosity, like, I really believe that money shows where your heart is.

33:48.058 --> 33:53.923
[SPEAKER_02]: And so where you put your money is like pieces of view going out.

33:54.524 --> 34:00.689
[SPEAKER_02]: And so we were in this like, pinch for, I don't know, there's a lot going on, paycheck,

34:02.584 --> 34:10.307
[SPEAKER_02]: There's a building campaign going on for our church, and we just, we have this burning desire that we wanna do this, because it's more than a building.

34:10.327 --> 34:15.069
[SPEAKER_02]: Like it's like, it's gonna, it's gonna enable us to do this and that next by Zoom.

34:15.089 --> 34:16.970
[SPEAKER_02]: We helped launch the church and everything.

34:16.990 --> 34:19.150
[SPEAKER_02]: So we're like, we wanna be involved in this stage of growth.

34:19.190 --> 34:24.773
[SPEAKER_02]: We wanna leave a legacy and be involved as once a lifetime thing to help the city through this.

34:25.873 --> 34:30.375
[SPEAKER_02]: So, you know, we're like praying and everything and we're like, okay.

34:30.555 --> 34:34.476
[SPEAKER_02]: Well, you know what, we don't really have it, but we're going to do it.

34:36.437 --> 34:39.939
[SPEAKER_02]: Let's just be a little irrationally generous faith basically.

34:39.999 --> 34:47.622
[SPEAKER_02]: Yeah, it was all faith and no math was my was actually my best like math was a math and correct.

34:48.362 --> 34:51.863
[SPEAKER_02]: But you know what's crazy is then you said like clear all right.

34:51.963 --> 34:53.044
[SPEAKER_02]: Well, what happened is,

34:54.417 --> 34:58.960
[SPEAKER_02]: The budget we had for giving wasn't all like there in the church alone.

34:59.500 --> 35:00.721
[SPEAKER_02]: It was like in other places.

35:01.161 --> 35:10.266
[SPEAKER_02]: And one of the other places was almost exactly the same amount that we dedicated to do extra for and it pulled out.

35:11.026 --> 35:12.087
[SPEAKER_02]: Like they were just done.

35:13.247 --> 35:15.048
[SPEAKER_02]: So it was like, oh, well, we've already given that anyways.

35:15.068 --> 35:16.509
[SPEAKER_02]: Now we get to reallocate it over here.

35:17.350 --> 35:17.630
[SPEAKER_02]: Nice.

35:17.810 --> 35:18.410
[SPEAKER_02]: So it's crazy.

35:18.430 --> 35:20.812
[SPEAKER_02]: Like our like we did that.

35:23.411 --> 35:24.391
[SPEAKER_02]: actually catch up to it.

35:24.611 --> 35:24.892
[SPEAKER_01]: Yeah.

35:25.312 --> 35:26.912
[SPEAKER_02]: And then we were doing several other things.

35:27.012 --> 35:32.474
[SPEAKER_02]: We took in Rose's, Rose's mom is widow.

35:32.894 --> 35:35.535
[SPEAKER_02]: We were like, hey, we need to get into a different situation to live.

35:36.516 --> 35:37.176
[SPEAKER_02]: We could help her.

35:37.296 --> 35:38.897
[SPEAKER_02]: She could help us, you know.

35:40.337 --> 35:41.557
[SPEAKER_02]: So, and I'm okay with that.

35:41.818 --> 35:42.578
[SPEAKER_02]: I can get along with her.

35:42.878 --> 35:46.179
[SPEAKER_02]: I spent some time with her along without Rose being there too.

35:46.259 --> 35:48.560
[SPEAKER_02]: And it's nice I can get along with her.

35:48.897 --> 35:50.158
[SPEAKER_01]: And the kids got a grandparent too.

35:50.178 --> 35:52.619
[SPEAKER_02]: Yeah, and then, yep, so she can help nanny and all that.

35:52.719 --> 35:53.599
[SPEAKER_02]: And we're like, okay, sweet.

35:53.859 --> 35:55.000
[SPEAKER_02]: So when, when, when, right?

35:56.120 --> 36:02.423
[SPEAKER_02]: And then apparently, I didn't even realize this, it's in the Bible, that to take care of the widows.

36:02.623 --> 36:07.065
[SPEAKER_01]: And especially, you know, when you're feeling under foul religion, I don't remember exactly.

36:07.245 --> 36:16.249
[SPEAKER_02]: I'd like to study it a lot more, especially now I'm talking about it, but just in that situation alone, and then we have no idea why.

36:19.933 --> 36:21.434
[SPEAKER_02]: I don't know, I just apply to other jobs.

36:22.414 --> 36:25.355
[SPEAKER_02]: And she found like, oh, an amazing job.

36:26.296 --> 36:35.900
[SPEAKER_02]: Yeah, in all the sudden, now we get like, at first we doubled our giving and now we're like, dude, I think we get double again and it's fun.

36:35.960 --> 36:42.903
[SPEAKER_02]: So like just having that mindset and then now it's like as being on employer side of things now it's like,

36:44.092 --> 36:50.136
[SPEAKER_02]: I don't even, if I don't need my income, I don't even care about it as much as being able to provide for others.

36:50.896 --> 36:53.858
[SPEAKER_02]: Like, I wanna make sure we're taking care of, but then that's it.

36:53.938 --> 37:00.962
[SPEAKER_02]: I wanna like live on the overflow, like I start getting all these reasons of I'm listening more of my own golden and like, like, why do I want nice things?

37:01.322 --> 37:03.904
[SPEAKER_02]: Well, only if it functions to help serve someone else better.

37:03.924 --> 37:04.104
[SPEAKER_01]: Yeah.

37:04.684 --> 37:06.205
[SPEAKER_01]: Well, you're also a mimicking him.

37:06.726 --> 37:21.077
[SPEAKER_02]: Yeah, the blue suit I'm wearing, it's like, it's for a marketing thing so that I could be recognized more so that I can help other businesses, so that they can get more money and then we can get more money, we can hire more people to have really awesome jobs.

37:22.038 --> 37:24.200
[SPEAKER_01]: Giving in generosity is definitely a quality that.

37:24.860 --> 37:29.061
[SPEAKER_01]: that attracts things to you and not in like a hoax-pocus way, right?

37:29.561 --> 37:37.424
[SPEAKER_01]: You know, I think Dave Ramsey said something that really stuck to me is like, you know, the more money you make, it only makes you more of what you already are.

37:37.944 --> 37:40.084
[SPEAKER_01]: If you're a big jerk, you're just a bigger jerk with more money.

37:41.205 --> 37:43.465
[SPEAKER_01]: If you're a big giver, you're just a bigger giver with more money.

37:44.706 --> 37:49.947
[SPEAKER_01]: And money definitely it's one of those things where it's like your heart is truly revealed with how you actually handle money.

37:50.567 --> 37:52.608
[SPEAKER_01]: It's funny how what money does to a human being.

37:53.949 --> 37:56.270
[SPEAKER_01]: I give a lot to you that that's one of the things that we love to do.

37:56.911 --> 38:09.581
[SPEAKER_01]: One of the good money moves I've made on a business perspective is making sure that in busy or slow times we are always increasing our branding and marketing spend.

38:09.721 --> 38:10.962
[SPEAKER_01]: Yeah, and I'll tell you why.

38:12.924 --> 38:18.008
[SPEAKER_01]: A lot of times if you just keep things simple in business, you'll make more money.

38:20.032 --> 38:28.282
[SPEAKER_01]: For example, if you have one or two products of services that make you a lot of money, but then you try to go so wide to provide all these other things, you dilute your value.

38:28.959 --> 38:29.179
[SPEAKER_02]: Yeah.

38:29.720 --> 38:36.824
[SPEAKER_01]: If you are marketing in five different ways, but maybe one or two does really great for you, but like you're hoping that the other three do well.

38:37.645 --> 38:46.891
[SPEAKER_01]: Well, the things that you're spending the other three on the other three, if you just added it to the two or the one that works well, you probably get a lot more clients that will convert because it's already working.

38:47.792 --> 38:48.732
[SPEAKER_01]: You know, and it's that simple.

38:49.133 --> 38:51.134
[SPEAKER_02]: But here's, and that can help fund the others.

38:51.214 --> 38:53.696
[SPEAKER_01]: And it can help fund the other things like the other stuff.

38:53.716 --> 38:54.676
[SPEAKER_01]: So I'm doing that right now, but

38:58.814 --> 39:06.638
[SPEAKER_01]: the wisdom in this is you never want to starve the machine that brings in the leads that get you to convert.

39:06.918 --> 39:07.559
[SPEAKER_01]: So you can make money.

39:07.979 --> 39:08.179
[SPEAKER_01]: Right.

39:08.599 --> 39:12.201
[SPEAKER_01]: And when tires are slow, guess what that's why is this business?

39:12.241 --> 39:13.802
[SPEAKER_02]: Why takes the money away from?

39:14.022 --> 39:14.823
[SPEAKER_02]: It's ad spend.

39:14.863 --> 39:15.783
[SPEAKER_02]: It's like turn it off.

39:15.803 --> 39:21.806
[SPEAKER_01]: It's not like my argument is figure out what doesn't need to be paid right away and put that towards marketing.

39:22.026 --> 39:22.287
[SPEAKER_02]: Yeah.

39:22.767 --> 39:26.249
[SPEAKER_01]: Now, home services, especially in the Midwest, the East Coast, all they kind of

39:27.531 --> 39:29.974
[SPEAKER_01]: Slow season is not an emergency.

39:30.554 --> 39:31.255
[SPEAKER_01]: It always comes.

39:32.617 --> 39:33.257
[SPEAKER_01]: It always goes.

39:33.558 --> 39:33.838
[SPEAKER_01]: Hmm.

39:34.298 --> 39:39.284
[SPEAKER_01]: So why isn't it that most of you, I'm talking to you watching me.

39:39.924 --> 39:40.245
[SPEAKER_01]: Okay.

39:40.645 --> 39:46.912
[SPEAKER_01]: Why is it that most of you don't increase your ads, but at least a month or two before you know it's supposed to get slow.

39:47.779 --> 40:01.185
[SPEAKER_02]: Yeah, some of them do like, I don't know the level, but some of them that you've worked with or that you know do they do the Joseph thing where like they're putting reserves away and they're like good to manage the money should.

40:02.592 --> 40:05.074
[SPEAKER_01]: They should, so I always teach my clients this.

40:05.274 --> 40:13.161
[SPEAKER_01]: Is every time something comes in, you should already take a percentage for certain things, put aside taxes, you know, profit.

40:13.761 --> 40:17.444
[SPEAKER_01]: Yeah, for those of you who need materials, it's wise to have that in a payroll account.

40:17.844 --> 40:20.366
[SPEAKER_01]: And some type of, like, I said profit.

40:21.467 --> 40:27.952
[SPEAKER_01]: If you are in slow or busy, if you're one of those things where it's a very, very seasonal, like clear seasons, like let's say age fact, for example,

40:28.673 --> 40:36.097
[SPEAKER_01]: you know, there should be a fund or something put aside that can pay your basic necessities as the business gets slow.

40:36.497 --> 40:44.042
[SPEAKER_01]: But even more so you should double up on your marketing because even during slow season, you're getting jobs.

40:44.062 --> 40:46.063
[SPEAKER_01]: It's just not as much as as you want.

40:46.783 --> 40:48.505
[SPEAKER_01]: But there's other companies doing the same thing.

40:48.525 --> 40:50.968
[SPEAKER_01]: So that means there's people willing to pay.

40:51.489 --> 40:53.131
[SPEAKER_01]: It's just now more people on the front of their face.

40:53.151 --> 40:55.033
[SPEAKER_01]: And they're able to choose somebody else.

40:55.613 --> 40:59.538
[SPEAKER_01]: So if you're in front of their face even more, you might have a chance of converting that person.

41:00.059 --> 41:03.002
[SPEAKER_02]: Dude, I think I'm becoming more like with that investor mindset.

41:03.042 --> 41:07.067
[SPEAKER_02]: Now, like I watched that Ryan Penetta, Peneta,

41:07.705 --> 41:12.747
[SPEAKER_02]: Yeah, I said his name wrong all along and I heard him say it.

41:12.987 --> 41:14.207
[SPEAKER_02]: I heard him say his own name.

41:14.227 --> 41:16.368
[SPEAKER_01]: I was like, oh, yeah, I've been saying he's half Filipino.

41:16.388 --> 41:16.668
[SPEAKER_01]: I think.

41:16.988 --> 41:17.528
[SPEAKER_02]: Okay.

41:18.168 --> 41:23.250
[SPEAKER_02]: Well, his podcast with Brad Sugar's dude, I haven't watched that.

41:24.070 --> 41:25.010
[SPEAKER_01]: Go to our school.

41:25.690 --> 41:26.751
[SPEAKER_01]: I posted it up on there.

41:26.851 --> 41:28.571
[SPEAKER_01]: It's Ryan Pineda and Brad Sugar's.

41:28.651 --> 41:34.133
[SPEAKER_01]: Brad Sugar's is the founder of Action Coach and also the one who invented business coaching.

41:34.553 --> 41:35.214
[SPEAKER_02]: Yeah, that's crazy.

41:35.454 --> 41:36.074
[SPEAKER_01]: Isn't that crazy?

41:36.094 --> 41:36.334
[SPEAKER_02]: Yeah.

41:36.655 --> 41:46.462
[SPEAKER_02]: That's like an industry standard at least because there's always consultants around, but not like a full-on business industry called business coaching, right?

41:47.003 --> 41:47.803
[SPEAKER_01]: Yeah, he was the first one.

41:47.864 --> 41:49.225
[SPEAKER_02]: He was not that crazy.

41:49.545 --> 41:49.705
[SPEAKER_01]: Yeah.

41:50.125 --> 41:53.848
[SPEAKER_02]: Well, anyways, I was disrupted by what he's saying and everything I'm like, dude.

41:55.009 --> 42:01.935
[SPEAKER_02]: I need to stop thinking about like 100% ownership kind of stuff and like have pieces where I'm not even really involved much.

42:02.718 --> 42:17.286
[SPEAKER_02]: So, but I'd bring that up just because like, in hindsight, one of the best things I did early on, it's been a year and a half, actually when I say it early on, has been hiring other people to help for fill things.

42:17.846 --> 42:20.047
[SPEAKER_01]: I remember when I first met you, you were doing it all.

42:20.147 --> 42:20.948
[SPEAKER_01]: I was doing it all.

42:21.550 --> 42:26.513
[SPEAKER_01]: And then you're trying to find AI and VA help, like just like, hey, just yeah, and it's been inconsistent.

42:26.533 --> 42:32.617
[SPEAKER_01]: And what was like the best thing that happened out of hiring people that you can actually manage in a coach in house.

42:33.598 --> 42:34.378
[SPEAKER_02]: Just more time.

42:35.359 --> 42:36.960
[SPEAKER_02]: There's more time to fill with other time.

42:38.060 --> 42:44.264
[SPEAKER_02]: Dude, it's, yeah, um, more of my favorite thing too is like, why does it, like I go deep and it's like, why does it have to be me?

42:46.317 --> 42:47.017
[SPEAKER_02]: Like, why?

42:47.078 --> 42:48.959
[SPEAKER_01]: Well, it's not enough of who not hell.

42:49.059 --> 42:54.423
[SPEAKER_01]: Like, who can you actually bring on your team where who's the expert that needs to be working on this instead of you?

42:54.603 --> 42:54.823
[SPEAKER_02]: Yeah.

42:55.623 --> 42:57.004
[SPEAKER_01]: And instead of how do I do this?

42:57.365 --> 43:04.470
[SPEAKER_02]: And when they can dedicate all their time to do that, like portion of what I used to do, they do it way better now.

43:06.031 --> 43:08.893
[SPEAKER_01]: Because you can only dedicate so much of your focus on that.

43:09.073 --> 43:09.853
[SPEAKER_01]: Because you're doing everything.

43:09.993 --> 43:10.174
[SPEAKER_02]: Yep.

43:10.634 --> 43:12.135
[SPEAKER_01]: That's the trap of the business owner, by the way.

43:13.447 --> 43:16.969
[SPEAKER_01]: is they are most likely the bottleneck because they are trying to overdo.

43:16.989 --> 43:17.569
[SPEAKER_02]: Yeah.

43:18.069 --> 43:18.229
[SPEAKER_01]: Yeah.

43:18.289 --> 43:18.589
[SPEAKER_01]: So anyway.

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[SPEAKER_02]: So that's my whole like mindset shift now because of that podcast too.

43:21.491 --> 43:27.113
[SPEAKER_02]: It's like for money specifically to make sure it's priced in.

43:27.273 --> 43:32.676
[SPEAKER_02]: And I'm not like necessarily involved with whatever happens next.

43:32.996 --> 43:37.798
[SPEAKER_02]: Like from here on out kind of thing, it's like if I get a new client, if I get a new job or

43:43.475 --> 43:45.957
[SPEAKER_02]: with me not being the full filler.

43:46.538 --> 43:46.718
[SPEAKER_01]: Yeah.

43:48.259 --> 43:50.101
[SPEAKER_01]: Well, we have this new thing that we're going to do.

43:51.062 --> 43:51.282
[SPEAKER_01]: Yeah.

43:51.402 --> 43:52.283
[SPEAKER_01]: Should we just hint at it?

43:52.543 --> 43:53.244
[SPEAKER_01]: All right, hint at it.

43:54.345 --> 43:54.605
[SPEAKER_01]: All right.

43:56.006 --> 44:02.773
[SPEAKER_01]: A lot of business owners have a hard time marketing and understanding branding and marketing.

44:03.873 --> 44:14.736
[SPEAKER_01]: Right, especially when it comes to social media for those of you who know okay put ads out on Google or Met or something like that's that's one thing, but like how do you maximize your brand on all social media platforms?

44:15.716 --> 44:19.557
[SPEAKER_01]: And using CRM and AI and all that kind of stuff to kind of help you to do it.

44:19.957 --> 44:22.658
[SPEAKER_01]: Yeah, because it's still an industry that's just being figured out.

44:23.538 --> 44:34.767
[SPEAKER_01]: We've been able to create such an amazing brand and marketing vehicles for the entrepreneurs experience and for both of our businesses and you've been head like spearheading a lot of that stuff.

44:35.147 --> 44:35.988
[SPEAKER_01]: I just was the brains.

44:36.028 --> 44:37.389
[SPEAKER_01]: I'm like, Jared, how do you this?

44:37.429 --> 44:38.189
[SPEAKER_01]: This is my vision.

44:38.249 --> 44:38.910
[SPEAKER_01]: How do you do it?

44:39.310 --> 44:39.530
[SPEAKER_01]: Right?

44:39.550 --> 44:40.891
[SPEAKER_01]: Like, that's kind of how we work.

44:40.931 --> 44:41.172
[SPEAKER_01]: Right?

44:41.352 --> 44:42.753
[SPEAKER_02]: Oh, one zero, one zero, one one.

44:42.773 --> 44:43.293
[SPEAKER_02]: Yeah, exactly.

44:43.313 --> 44:44.094
[SPEAKER_01]: Whatever can you do it.

44:44.114 --> 44:45.535
[SPEAKER_01]: Whatever, just two weeks.

44:45.595 --> 44:46.576
[SPEAKER_01]: Can you finish that in two weeks, right?

44:47.136 --> 44:47.636
[SPEAKER_01]: Um, so.

44:48.817 --> 44:56.923
[SPEAKER_01]: You know, I think that it's time that we take that those skills and help just a couple of business We're not trying to make this thing go big.

44:56.963 --> 45:02.267
[SPEAKER_01]: We just want to help but it's one of those things We're like we're only going to help a few people at a time.

45:02.287 --> 45:04.348
[SPEAKER_02]: Yeah, because we want to really work on the quality of

45:04.388 --> 45:29.815
[SPEAKER_01]: But yeah, and not like to overcome it and then under deliver or anything like this or we have to control this is a Cossierge Done for you your brand this unique you create the videos we coach you through it We use AI and data from the business owners that you're wanting to mimic online and create the Schedule for their daily post hook body call to action

45:30.135 --> 45:30.335
[SPEAKER_02]: Yep.

45:30.835 --> 45:32.596
[SPEAKER_01]: And we edit it for you.

45:32.876 --> 45:37.598
[SPEAKER_01]: We post it and we coach you on how to go viral or not even go viral.

45:37.658 --> 45:40.859
[SPEAKER_01]: How to actually get the results you want, whether it's paid people all that kind of stuff.

45:40.999 --> 45:41.159
[SPEAKER_02]: Yep.

45:41.439 --> 45:48.082
[SPEAKER_01]: And then we put, we encourage you to do things on your website and funnels and your school community, all that kind of stuff.

45:48.102 --> 45:57.045
[SPEAKER_01]: So, you know, we're not ready to launch it yet and help out, but we are thinking and join our school so you can get all of the updates on this.

45:59.126 --> 46:09.295
[SPEAKER_01]: We want to fund this, so if three or four brave souls want to start with us and be the first that we tap on the shoulders to do this for, maybe put down a thousand dollars right now.

46:09.435 --> 46:16.561
[SPEAKER_01]: It might take three or four months, but your name is sealed and you will get a thousand dollars off of our services for the next 12 months when we start it.

46:16.641 --> 46:18.482
[SPEAKER_01]: So yeah, we are thinking about that.

46:19.223 --> 46:24.387
[SPEAKER_01]: Don't code it beyond school to make sure that you get all those updates.

46:28.312 --> 46:32.756
[SPEAKER_01]: And it's the best thing, because the social media used to be all about branding.

46:33.937 --> 46:35.799
[SPEAKER_01]: But now people are getting jobs off of it.

46:36.600 --> 46:39.483
[SPEAKER_01]: It's a brand and a marketing tool that's fused into wanting something.

46:39.503 --> 46:42.225
[SPEAKER_02]: It's a line in the water when you're fishing.

46:43.446 --> 46:47.410
[SPEAKER_02]: So if you can't answer the question, how do you get your customers very well?

46:48.231 --> 46:50.233
[SPEAKER_02]: And all you can say is word of mouth.

46:51.773 --> 46:58.936
[SPEAKER_02]: then you may need more lines in the water of how you get your customers and we're going to with brand OS.

47:00.076 --> 47:05.638
[SPEAKER_02]: Our goal is to assess what you really need first because it's hard to manage that.

47:05.658 --> 47:05.818
[SPEAKER_02]: Yeah.

47:06.298 --> 47:10.079
[SPEAKER_02]: So maybe a podcast like, you know, everyone's doing it.

47:10.159 --> 47:10.720
[SPEAKER_02]: It's flashy.

47:10.760 --> 47:11.180
[SPEAKER_02]: It's the hype.

47:12.520 --> 47:14.580
[SPEAKER_02]: We don't want to actually offer a podcast.

47:15.061 --> 47:19.602
[SPEAKER_02]: If that's not what you need at the time, you might need a short-term growth with ads.

47:19.882 --> 47:21.242
[SPEAKER_02]: But then that creates new problems.

47:21.502 --> 47:27.864
[SPEAKER_02]: Now you got to create a video studio or find out how to make ads that actually work.

47:28.224 --> 47:30.844
[SPEAKER_02]: And then you have to have someone actually run the ads.

47:31.224 --> 47:33.485
[SPEAKER_02]: And then you have to have someone build the page.

47:34.065 --> 47:36.706
[SPEAKER_02]: And then there's another problem I would like us to solve.

47:37.066 --> 47:40.407
[SPEAKER_02]: What I'm saying right now too, is like a sales team to actually fulfill it

47:42.827 --> 47:50.070
[SPEAKER_01]: Oh, do I've seen it and then they blame the amazing marketing programs and qualified leads come through and not get converted to the sales team.

47:50.370 --> 47:54.331
[SPEAKER_01]: Yeah, so we're looking for something or at least coaching your sales team.

47:55.472 --> 47:57.352
[SPEAKER_01]: Yeah, I love that that.

47:57.673 --> 47:59.093
[SPEAKER_02]: Yes, that will be great.

47:59.153 --> 48:01.134
[SPEAKER_01]: That will also be a course on on school.

48:01.234 --> 48:01.874
[SPEAKER_02]: Yeah, that's great.

48:02.134 --> 48:03.455
[SPEAKER_02]: So look, that needs to happen.

48:03.555 --> 48:04.275
[SPEAKER_01]: Just put a pin in it.

48:04.515 --> 48:06.236
[SPEAKER_01]: If you are interested in me,

48:12.922 --> 48:13.543
[SPEAKER_01]: and we'll reach out.

48:14.264 --> 48:15.065
[SPEAKER_01]: Yep, we'll just reach out.

48:15.485 --> 48:20.491
[SPEAKER_02]: As brand OS for operating system, your brand operating system.

48:20.592 --> 48:22.995
[SPEAKER_02]: But you could think of it more like operator system.

48:23.595 --> 48:23.856
[SPEAKER_01]: Who?

48:24.016 --> 48:26.619
[SPEAKER_02]: Because it's not like something showing your software.

48:30.632 --> 48:40.836
[SPEAKER_01]: Alright guys, we're going to wrap up this podcast where we talk about bad money moves that we both made and good money moves that we made, hopefully it inspired you, hopefully you got something out of that.

48:41.536 --> 48:56.081
[SPEAKER_01]: We're interested in knowing your story, everybody here watching has a bad money move story and a good money move story, and guys these podcasts are also to continue to conversation so we encourage each other, we learn from each other, we talk everything, business money mindset.

48:59.444 --> 49:03.004
[SPEAKER_01]: Jared Taylor, and we're here to tell you, stay strong and keep on keeping up.