So I Bought a Private Jet EP 33
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From the art of the deal to keeping it real. Live from the Simply Vegas studios, it's The Power Move with Jon Gafford. Oh my God, we're back again after the long hiatus of, yeah. I mean, I'm sure, look, some of you guys probably thought you were never going to see us again.

I felt like somebody wasn't going to see me again for a while. Honestly, we'll face it. Some people probably hope that they'll never see us again. It's just kind of what they're going to do. Then I come back with this killer turtleneck. I know. No one has complimented me today. You come. I was going to say you look like Archer. He does look like Archer. Well, welcome to the Power Move. My name is John Gafford. I am your host. To my left, as always, Colt Scrotumneck.

I'm just kidding. Oh, you're going COVID. No, no. Amidon. What is it? What's the COVID and the flu? No. I don't know. Who knows what it is? We're going to get into that because you had all of it apparently while we were gone. Typhoid Gary. And as always...

Chris Connell, Esquire Counselor. How are you? How are you guys? Doing good. Good, good, good. So, I mean, obviously, we've been gone now for what seems like forever because it was like, hey, let's, you know, the holidays are here. Let's wisely spend time with the family. And we're just going to take a little break through the holidays. And then. Bad move, spending time with the family. Well, maybe.

Maybe your family comes on. But then, of course, the plague hits and wipes literally everybody out. I was lucky enough so far, knock on wood, to not get the plague. I know, Counselor, you've not gotten it either at this point. Not that I'm aware of. Not that you're aware of.

But then there was Colt. Must be nice, guys. And there's Colt. So Colt, you got the flu and the vid at the same time. The flu-rona. Clovin. Flu-rona, that's Clovin. Fine flu-rona. The Clovin. Are we going flu-rona or the Clovin? I tell you what, I knew it wasn't good when I had a migraine for two days straight. And then I woke up the next day and I'm like shivering and fevering. It was bad. And then I went to the urgent care and

They tested everybody and said, go home, go home. And they wouldn't let me go home. And I thought, okay, what's going on? Are you safer in the urgent care? I mean, with a vet at home, where are you safer? Oh, for sure. Urgent care. At least they talked to me. My wife was so pissed off at me. Because we're out of town, right? Well, I'm out of town. I'm stuck up in Utah. It's beautiful. Snowing. It's beautiful looking. But we got quarantined up there, and she was not happy.

be at all with me. Like I did it on purpose. You're going to be mad that you actually got it from your next door neighbor. If it was committee, she'd be mad about that. That's how it go. But no, I just, I kept sending me text messages like,

Yvette's mad at me because I'm threw up too loud. Middle of the night, she yelled at me. I'm sitting there with a migraine thrown up ready, like, damn near in tears. Like, it was bad. I mean, the consideration. Have some consideration. Yeah, it hit me bad for five days of really bad, really bad. And, you know, my business partner, Scott, also probably should have been in a hospital. But, yeah, my wife's, like, mad that I'm thrown up and really,

crying at the same time. Can we talk about Scott for a minute? Because I think Scott, Scott is a cautionary tale of this. Okay. Listen, if you've not had the vid, if you, if you haven't had the vid, uh,

Do some research as to what you need to know as far as going on with the vid when you get it, like your oxygen levels and those sorts of things. Because here's Scott, as sick as he can be, I mean, down and out, like hard down and out. And Gidget is like, what's your oxygen? He's like, I don't know. How do you figure that out?

Pulse oximeter. It's like $10 on Amazon. What's that? I don't know. Like, I mean, look, here's the deal. Spend the $10, get the pulse thing. I got one in my flight bag. Yeah, okay, there you go. So as a pilot. Yeah, you have to know. Is that a pilot flex? That was a recreational pilot. When you get carbon dioxide poisoning, right? Yeah, you got to know. And one way to kind of find out is you have a pulse oximeter in your flight bag. But I think part of it was,

Scott just had no idea about anything. And he lives by himself. It doesn't have to be all, gosh, yeah. No, Gidget was going to send out the troops after him. No, if you haven't had COVID, look, you need to get this little thing. It's called a pulsometer. It tells you how much oxygen you have. If you get below, what is it? They said 89 or 88. I think you're dead by that point. Oh.

know. 88? No, I think 88 is the number. I was like, I was 89, 90. Yeah, they say 88 I think is the number to go to the hospital. Yeah, but spend the 10 bucks now and get this. If you haven't gotten this, you're probably going to get it. So better safe than sorry. Don't get caught like, I mean, he didn't know anything about like the Regeneron treatment, which we got that done.

He didn't know anything about anything. I mean, he was like 88 oxygen. I know he was bad. He was really bad living by himself. Right. No clue about anything. Like, well, what should I do? I mean, should I just do I just tough it out? No, dude, you go get a Z pack. I mean, there's things you got to do here. So let me ask you a question. I don't want to get into, you know, a bunch of people talking about science. I don't understand how this works, but why? Why? What's with the Z pack? We were talking about getting any bacterial kind of bacteria.

- Dude, I don't know. - I don't understand that. - They gave me the Z-Pack for the food. - I think it was throw the kitchen sink at it. I think it was just throw the kitchen sink at it. - Just throw the kitchen sink at it? - I think that was the extent of it, just throw the kitchen sink and be done with it. - Let me tell you this, everybody can downplay COVID and your political views will make you have a thought process on it, right? Like I'm fully vaccinated.

I have not stopped my life maybe for four days of quarantine. So I've been working, traveling through this pandemic, been around people. I have yet to get it. Okay. I got it. It freaking was miserable. Right.

And you might be lucky. My son had it. It was bad head cold. My mom and dad have it right now. They wouldn't even know they have it right. It hits you differently. So you got to be prepared just in case it does hit you. Like I got to tell you something that I hope goes away, but I don't think it will. Cause I think after COVID it'll just be something else. It is alarming to me on both sides of this issue. How many people have attached their personal identity to,

to their personal thoughts about a virus. - Well, yeah, that's just tribalism at its most contemporaneous. But everybody does it for everything. There's so many times issues will come up and you go, why do you even have an opinion? - Yeah, it's just, why do you care? What do you care? And I mean, literally, it's every single Facebook post. And I'm talking about both sides of this. I mean, there's certain people that I just, I gotta mute because I'm just so sick

of their armchair quarterback expertise. You know, I think the best quote I ever saw was, not a quote, but a meme the other day. Again, on both sides of the issue, I don't care which side you're on. This meme said, I have like a PhD in something from Harvard. I have a so-and-so from John Hopkins. So much lab work. And I'm a doctor. But John159472 just told me I was an idiot. Don't do anything. Yeah.

John 124 said that was bullshit. He's got a profile picture of him and a fish. Completely bullshit. I should know, but it is. It is absurd that people, but that's the thing about Dunning-Kruger. We have a sound effect. We love the Dunning-Kruger. We need the Dunning-Kruger chime in. We do. But it does. It gives people a false sense of understanding, right? I did my own research. No, no, no, no. You can't.

self-select what you want to research and call it research, right? Research is where you start with a hypothesis and then you test it, come up with it. It's a whole scientific process. Science is totally ambivalent as to how you feel about anything. Yeah, it doesn't care. Science will come back and say, no, this is more likely if you're this. It's just period. I don't care. I don't want to go too far down the COVID hole. This is on both sides of the issue. If you are waking up in the morning

and you are looking for something to support your opinion, so you can then repost it on social media on either side of this issue, you're doing it wrong. You're just doing it wrong. I mean, dude, find something, and we're gonna talk a little bit about this, not this episode, but the next episode, which we're gonna record after this.

I'll give you a sneak peek as to what it is because I got it out here. The research is done. But on the next episode, a very special episode of the power move, we'll be discussing stoicism because people often ask me how I do a lot of things that I do, how I get through things. And so if you've never been experienced to classic stoicism, we're going to talk about some of that stuff. And some of that goes along with what we're talking about now. But for this particular episode, there's a lot of stuff to unpack. We haven't been here for a while.

I've done some things. We've had some great things go on and we've had some bad things go on out there and I want to kind of talk about them. So the first thing I want to talk about, because it's going to be the title of this episode, because it's going to be like clickbait deluxe. Sure. Right. It's going to be like the power of clickbait. You're doing it right. Yeah. It's going to be the super clickbait is while we were on hiatus. Yes, I bought a private jet and, and yeah, and I want to kind of talk about that thought process of alternative investments and why I bought a private, private jet and,

and what that means and how it's a business and it's not just a flex. - Frivolous, yeah. - Yeah, and we've talked before many times. - I'd be impressed if you bought two private jets, but one? - Well, no, well, shockingly enough, Colt, we are buying another one and I'll tell you about that in a minute.

We've talked before, like, it's so funny. You know, I had a, I had a situation this weekend where I went to look at a seven figure flip with my partner that I do flips with. And we were looking at this house and I pulled up and I was in my Ford Bronco. My partner who is, you know, got a ton of money is in his Chevy truck and the agent pulls up in, in a really nice car. And I was just like, and I know that car was, was probably beyond a little bit where they were.

And we were talking and it was funny. And I said the comment, I said, you know, it's funny when you're coming up, man, when you're coming up in business, you think I can't wait till I can drive whatever I want.

And then when you get to the place where you can actually drive whatever you want, whatever you want is going to change dramatically. Right. Like it just gets there. Like we've talked before, like, you know, we, we debated the Rolls Royce. We debated buying the race. We debated buying all of that stuff. And, you know, when I really broke that down and I looked, I mean, I've got a really nice car other than my car that,

The Bronco. I've got another nice car. It sits in the garage. Had that car for three years. And I do want to point out, though, that I did have the opportunity to kind of let you know how much that...

430 was you know the which one the 430 as opposed to the 488. Yes, you did you you did we talked I just want to put that on we were talking ferraris you did you did put your input on the 430s of the 488 But I look at this way, you know, I've got this really nice card sitting in my garage. I've had it for three years It's got 80 200 miles on it. It sits there and does nothing So I spent a ton of money on this car and it's sitting in my garage doing nothing and

And that kind of started to play a little bit into the thought process of this private jet for me.

Because if you keep in mind, we did not buy this private jet to sit it in a hanger in Henderson. And then whenever I want it, I can pick up the phone and call and say, you know, gas up the jet. We're going to Cabo. That's, that's not, we've got time for that. Yeah, it is. That was not the intention of this plane. And my partner brought to me and said, Hey, we're going to do this and we're going to run it like a business. And here's the difference. We're going to, it pencils out with one plane. It does.

because the plane that we bought is a Dassault Falcon 50. You can look it up. It's a really good mid-range fuel-efficient jet. It'll fly from here to Honolulu. It'll fly from here to New York and then New York to London if I want. It's a long-range jet. Well, mid-range, 3,400 miles is how far it'll go, which is far enough for me. And...

The overall operating expenses on this jet with one, including the hangar and the cruise and everything else, is about $138,000 a month, which sounds like a lot, including the debt service and everything else that's associated with this. But when you look at the cost to operate the airplane in the air, all included, everything is about $2,500. And the going rate for that plane to be leased is $6,000 an hour.

Well, now you're talking about a business that makes sense. I mean, last month or last week, jets.com chartered the plane for the whole week. They just, they resold it. You know, they took their charters and they resold the plane and put it up there and they did it for, I think it was $150,000 for 30 hours. They took the plane. So that one week from jets.com covered the entire cost. Now,

We didn't buy this so I can, you know, join the mile high club and be rocking around, you know, quick, easy flights. It also didn't mean that, but it did not mean that. Can we do a podcast from there? We can, but trust me, I go up there with my wife. She's going to be white knuckling as it is. She hates to fly. Women don't feel anything sexier than being like petrified. I had a friend that his wife used to have to get so drunk to get on their jet.

Like she hated it. That was, she had to every time. I told kids that was a pitch. I said, I said, no, babe, I said, uh, I said, we're going to have booze on the plane. Whatever you want. You can get whatever you want. My wife will never get in the plane with me.

She'll get in this plane. No, no, no. That I'm flying. That you're flying. No, I wouldn't. Okay, let's be honest. I wouldn't get in that plane either. I'm not getting in that plane. Would you get in a plane that I'm flying? I mean, yeah, but I'm... It doesn't matter. One of us has a license. No, even if I got a license, I wouldn't get in a plane that I was operating. I wouldn't get in a license. I'd get in a plane with you if you had a license. No, I don't... I'm barely getting a car with me. I'm just going to fly a plane. No chance. But no. So the thing with the planes is...

If you do it at scale, which we're going to try to do, we're going to buy another plane and another plane after that, same type of planes, everything gets compressed. Because with one plane, you still have the hangar expense. You still have the two-pilot expense. You have all of these things. But when you get multiple planes that are always out moving and out chartered, now you need one hangar for three planes. You don't need more hangars because the planes are gone. They're always out running. So by the time this is all said and done, you look at the capital investment that it was, the monthly return on the jet is –

than commercial real estate. It's better than, I mean, multi-family real estate. It's like an Airbnb. It is. It's an Airbnb is essentially what it is. Now, granted, it's an appreciating asset, not an appreciating asset, but the planes we're buying are good for probably another 20 years, which is fine.

But the returns are so much higher on the jet that I don't even care that it's a depreciating asset. If you do it right. And just because it's a depreciating asset doesn't mean it's actually depreciating at the rate people think it is, right? Well, no. When you go look at old airplanes, and I have, because this is a decent thing. I've looked at Bonanzas. I've looked at personal aircraft. I belong to a flight club, so I can just go use any of their planes and pay for the hourly. Chris, Chris, Chris, first of all, flight club. You don't talk about flight club. Oh, yeah, flight club. I'm sorry. I didn't talk about flight club. First of all.

No, but you look at airplanes because they're a vehicle, right? You look at the cost of them. Airplanes can be 50 years old. If they're properly serviced, there's very little about the fuselage that goes back. Well, that's, you know, when you buy a plane that's 20 years old, the first Falcon that we bought, I think it's a 94.

The only thing on this plane that's from 1994 is the fuselage. That's it. Because your jets get, you know, you really buy and service the engines. Yeah, the engines, the landing gear, the frame will fly. You can find old flames from World War II that are fine. Yeah, yeah. So, I mean, the interior has been redone, all of those things. So as we continue to buy more of these things and then compress them into our own little mini airline because the costs go up.

The return on these is going to be great, unbelievable. And, you know, you get to fly private for free. You know, not for free, but you can allocate a portion of your profits over to, you know, burn up the flight time, which is, you know, our cost about $2,500. So that was the deal with buying the plane. It's a nice flex.

Again, I haven't even seen it yet. It's been in the air. It's gone. I mean, the plane's been up and moving and making money. And that's another thing when you look at this. It's like if I got a quick flight from here to, and it's just me,

I'm not going to take the flight because the problem is I'd rather have it in the air making $6,000 an hour. It's like, do you want to go stay in your Airbnb on Fourth of July weekend at the beach? No, of course not. You want to rent it. That's why you do it. So there was that. So that was the jet. Super kind of stoked about it. So do you...

Explain to people, though, how that actually helps you in other ways, too. Well, yeah. I mean, obviously, now here's the thing. There is a very large allowable. They're going to close the loophole on it, which is going to be a tax deduction where you can accelerate the depreciation on the plane. You can write it all the way off. However, I'm going to say that

and talking to my CPA, my partner CPA, a couple of different people, that is a red flag to get audited. When you start buying jets and writing and Excel, yeah, you start, you start pushing for accelerated depreciation on those. You're going to get audited, which, you know, I, you know, my taxes are, are, are good. I have no fear of that, but who wants to deal with it? You know what I mean? I'm not saying, uh, you know, you want to deal with it. Nobody wants to deal with it. You just don't. And, uh,

So we're not gonna do that. We're not gonna accelerate the depreciation on it. I mean, I think we're going to be able, because we bought the plane technically, I bought into this deal. This deal was already done.

The plane was purchased in October. So when you buy a plane, you've got two sets of pilots. You've got to send them to flight school to learn how to fly. Yeah. That's $40,000 a click to get that done. So that and the plane sitting, waiting for them to come through this, waiting to hire the pilots, when you get it done. You know, there's a loss from last year. There's a pretty decent loss. So.

I'm buying in and then I'm immediately getting that loss towards my taxes, which is great. And then going forward, if my company charters the plane, I can charter it at retail. There's nothing wrong with that. There's nothing in the tax code that says I can't charter it at retail. Moving numbers around the page.

Perfectly legitimate now. I can't I can't book it at $25,000 an hour No, but if the going rate for my Dassault Falcon is six thousand dollars an hour. I think you should probably you have to obviously We're never giving tax advice. No, no, no. No, yeah, we're not we're not giving any tax advice or any money advice The only advice we give on the show is turtleneck advice But think about it sometimes there's people I mean can we talk about the turtleneck for a minute though? Yeah, look

I'm not saying the color on that thing is four skin, but it's pretty close. Definitely three skin.

I like it, guys. I appreciate it. It's pretty close. Yeah, but sometimes people don't ever consider aviation. This is the first time in the history of aviation up to about 10 years ago. Zero dollars were ever made from the Wright Brothers' first flight until then because of so many bankruptcies and the brand of airlines and 9-11 and all that stuff. So aviation was actually a loss. Some companies made money, most lost, and it actually had washed out. Now, the last 15, 20 years, to

10 to 15 years is the first time that people are willing to use private aviation more so. It's no longer just the ultra-wealthy using G6s, right? You can charter planes, charter companies. There's a lot more flexibility because of the logistics of the internet and technology. Well, I think also you look at just the sheer amount of money out there. The amount of money and the fact that you get your plane, your phone. Does anybody know where this money's coming from? No.

Is everybody just making millions in NFTs? Is that what's happening? 70 something percent was created in the last like eight months. It's insane. But it's devalued. You know, I got, you know, I don't,

I don't know if you're friends with them, but a buddy of mine is posting all this boardy yacht club stuff that he – and you look at it and you go, oh, this is going to be worth so much money. I go, well, there's 10,000 of them. Well, no, no, no. I want to talk about that because something happened over the weekend too. Like I think that the economy – definitely this NFT thing has been insane. But I think you're already starting to see a move from –

I mean, everybody, it seems like it's printing an NFT line right now. Everybody in the grandparent. Oh, get my NFTs. Get my NFTs. I mean, you know, I saw it was a Vegas. Dave was like, oh, I'm printing NFTs. Like really? Beanie babies. I have Chris Connell beanie baby. Yeah. Like, like, like whatever. I watch a documentary on that. Why? It's sick. Pretty cool.

The beaming thing? Stop hijacking the show, Colt. Jesus Christ. It's a documentary. They did it in Harlem with the tulips. Remember when tulips got? And then maybe they did it with whale oil back in the 1800s. And then they did it with this. We never learned from the past. We don't. We always looked to the future. This is different. But I think the beginning of the end for the flex NFTs is coming, and I'll tell you why. Okay. Here's why.

Gary Vee was involved in something this weekend. I don't know if you saw this. Yeah, I saw him talking about, too, the application of NFTs. Yes. Well, what? No, here's what they actually launched this weekend. So Gary Vee did a deal with like five really high-end chefs in New York, right? And they're opening up a private club in New York. Mm-hmm.

That the only way you can get there is guess how it was enough to have to be an NFT owner. So now the NFT is an actuality, a tangible asset that has access to this private club, which I love. So I think we're finally starting to see some tangible things that are going to happen where the board apia clubs of the world and all these things are going to just be like, well, why do I need a picture of an ape?

you know i want to get something that's tangible that i can use and you you could put that you could put that into any sort of business right you could do a joint joint ownership of a house and say well you need to buy this nfp it's really what you're buying again i like the first mover thing i like some of those things but i look at it and go if this falls out of favor your 400 000 investment's worthless well snoop owns one

I don't really care. What does that matter? Snoop inviting me to his house. If you say, if you have this NFT, if you're a board eight member, right? You get to come to the most exclusive parties ever. We'll see. That's what Gary Vee's doing. That's what I said. I said, that's fine. That's a social club membership. You're buying, you're not buying an NFT. Okay. It's,

But if that's not explicit in the contract, if that can be yanked from under me at any point in time, if Eminem doesn't want me over at his house, then it's worth those. I'm out. Well, see, again, that's what I was talking about. I was talking about the metaverse with somebody the other day. And there's been all this land sold in the metaverse. Snoop Dogg's neighbor just sold. No, but here's my point with the metaverse. Look at how many times that Elon Musk, for shits and giggles, has crashed his own stock. Sure.

Just to say, you know what? Manipulated. I'm going to crash my stock as it's funny. Throw one tweet out and just watch it crash. I mean, you're telling me that one of these guys is not going to invent some metaverse, whatever it is, and then just for shits and giggles pull the plug? Sure.

and then and there's what are you going to do nothing there's nothing when you go into those things there's nothing guaranteed it's going to be plugged in there's not it just doesn't exist john what are we always saying what do we always say quote on the show everybody's cool until they're not yeah everybody's cool until they are so what happens when this gets weird right someone sues the metaverse for some

So some server's like, I'm not going to deal with this. It pulls a plug on it. Or they're an ISP. They owe you nothing. No, they don't. They owe you nothing. This is like that movie Free Guy or whatever, right? It's like you can pull a plug on your entire existence. And you're done. It's over. And you're completely done. I mean, look, I think it's a gold rush thing.

I don't know if it's a gold sustain. So here's the thing, too, is there's a bunch of people, a bunch of these tech guys go, you just don't understand. And I go, no, no, no. I really understand what you think you understand. I promise you. I promise you. But I've seen this go in many different ways, not just years of investing and reading books about traditional investments of assets. I understand the value of licensing, the value of intellectual property. I understand that servers just don't usually get the plug pulled. But things can sour in a second. Look at MySpace.

- Mm-hmm. - Okay, every, MySpace was, could you imagine telling somebody in 2000 that MySpace is not gonna exist in two years or whatever? - Right. - Like this, you're crazy. You don't understand the value of MySpace. I know Tom. - Yeah, but Tom. - I get to play a song. - But Tom, my friend. - You know I know Tom. - Those are the people. - I did, so I did some deals with Tom. - Those are the people that are doing this again. They go, you don't understand.

You don't get the value of these licensing deals with celebrities. You don't understand. I'm so far ahead of the curve. I'm such a first mover that I'm the really smart one. A guy like Gary Vee, okay, I don't really follow Gary Vee, but I understand. But he's got pull, okay? So he can create, he can generate goodwill towards a thing. He knows how to make it a tangible. And he's done it, and he's wealthy. But again, the move into tangible assets. For example, crowd, you know,

NFTs are going to become the new crowdfunding for films, for albums, for whatever else. Which is great. It's going to change that industry as it were. But what's yours worth? Yeah, but my point is I've got a cool picture just because it's in this cool picture line. I think that... I don't know how you're going to convert. And here's the thing. Those people...

That invented like board, board yacht, a club. For those of you guys who don't know how NFTs work, when they meant these things and sell them, they're sold at a certain price. But every time they get traded, the people that minted them originally still get a little, get a little kickback on them. There's a little residual income happening from the NFT. So it's in their best interest to do something to hold value on these things. It's in their best interest to do that.

But how many of those guys are going to figure that out and continue that, especially when you're starting to see more and more tangible products come out? Sure. My buddy Steve Sims just did one. And I don't at first I was like, Steve, what are you doing? You know, I get it. It's like a virtual bobblehead of yourself. But then he's tying it to his coaching. He's tying it to events. He's tying it to things that happen. So you're getting access to.

You're not just buying a picture of Steve. You're actually to QR code sure I get it you're buying Steve I get it by and that's perfectly fine and good right until the moment. It's not yeah, right until somebody goes Oh that if you own a board API Club you're one of these douchebags I thought they were so smart and it gets a sour reputation for some reason yeah, then what happens all it takes is one second So it's like a bad founders card. Who's that guy that did the fire festival? Oh?

- John Rule? - That other guy, whatever. - Come on, John. - Come on, John. - You owe those people money. - My wife slapped John Rule. - Give the people their money back. So what was that guy's name? Brendan or Brandon or whatever. - I don't even know. - That guy that went to jail. - But he had an interesting technique to get bottles of water. - He did this exact same thing with a cool kids black card club, right? Where you get access to this place in New York

But it was just a card. It was literally a black card you bought into. This is no different. Just because you can take a picture of it on your cell phone, like a QR code, doesn't make it any better. So here's my concern about it. Even if you look at the Gary Fee thing with the tangible deal, right? Sure.

Like, why do you want to join a private club? Why do you want to join a private club? Because it's exclusive and everybody in that room has been vetted to a certain extent to be in that room, right? Correct. If access is only granted by the fact that I had enough money to buy this digital coin. Yeah, if I can buy it. Like I said, Snoop. Well, like a country club. A country club, I think they say statistically the average country club member is at least over 380,000, right? So, you know, that's a...

occurrence, big fee. Yeah. We're buying an NFT. Anybody can go. It's just like a watch. Anybody can go drop 8,000 on a watch. Yeah. One time. Now, if they have to do that yearly, monthly, then it's a different thing. But, you know, like Chris said, my thing was always, I comprehend it. I don't comprehend it. I,

I comprehend what you're telling me. I comprehend it. I don't comprehend where you see this exit plan. The exit plan, in my opinion, is a pump and dump type of deal. Sure. At least my one stock of wind, I still have wind. One share, don't care, baby. One share, don't care. At least there's tangible.

Other than that, there was a cigar club in town that gave a beautiful metal VIP thing to the people that were there a lot. I had one. Then one day it's like, those are worthless anymore. We don't do it. They just pulled that VIP. They pulled the plug. Pulled the plug. There's no contract. No contract. What was I going to do? You owe me half off. I spent so much money in this bar.

you're not going to. So eventually one day it's not going to make business sense. And they're going to say, well, we got all these other people where we're going to create more men. Really? You either got to make it a tangible thing or, or it's not going to be there. And at a tangible thing, you're just putting to me, if I want to come to, if I want to join a membership and they make me go buy, um,

Now I got to go Bitcoin or I got to go place my money in the crypto stuff and then I buy that through that. You're making me jump through process. No, just take my money. Yeah. I mean, if you look at it, like people have asked me, look, you're going to buy any property in the metaverse. You can do that. I'm like, no, here's why. Because-

Again, somebody could pull the plug on it, go out of favor, whatever. If I buy dirt, if I buy a dirt lot, I can go to that dirt lot, I can get out of my car, I can run my finger suit, I can stand on it, I can be there. And the only way I'm gonna lose that dirt lot is literally if like- - Don't pay your taxes. - I mean, don't pay your taxes, of course. But like if invasion boats were to land on our shores and some foreign power was to take over our country- - The Lake Mead pirates again. - Exactly, and claim all the land. That's the only way I'm gonna lose that.

How cool would it be if like meat had pirates? And again, and again, and look at this way. Why do they say you should buy? Why do people tell you to buy land? What's the old adage of saying? Why do I make any more of it? Right. Unless you're in Dubai. Right. They're not making more of it. Apparently in the metaverse, they can make as much as they like.

There's no contract that says they can't make more money. There's no consequences. There's nothing. So what this is, though, like all other things, it's a greater fool theory, right? In Hot Potato, somebody gets stuck with the potato. So you either bought it, that last guy that bought it and sold. Everyone before him made money. Yeah.

Everyone after them loses it. And you can do that. You want to be on the right side of that curve, right? Well, I'm just saying, if you are somebody that lives in Las Vegas and you bought a house in 2006, learn from your mistakes, my friends. I was just going to say, it can be real estate. There is so much, quote unquote, speculation purchases.

Isn't that the same thing though? Yeah, it is. Yeah, it is. Because it's only going to go up. Yeah, well, it's going to go up. It's worth everything, blah, blah, blah. And it's not, right? Like I sold a piece of land. The guy goes, I had to appraise for $3 million. I'm like, cool, it's worth $900,000. Well, it was appraised. Who cares what it was appraised? It was never worth $3 million. It was worth $900,000. And four appraisers after I told them, you know, it's like Tommy Boy. There's only one reason. Like right now, there's a lot. You get pitched investment deals and it's all about the IRR.

Yeah. That is speculative. Oh, you're going to buy a real estate deal, buy it on cashflow. The only time I will buy a speculative real estate deal is for example, we just bought our office buildings in Summerlin. We just bought both of those. So it was 3 million for both of them. Right. And when you look at what we're paying in rent versus what we're going to have to pay on the mortgage, the mortgage was dirt cheap because of just money's cheap right now. But still it's, we have to pay more now than we were renting it, but it's a 10 year full AM loan.

we were going to lose the money anyway. We're going to own the building. Yeah. I'll buy and I'll buy a speculative IRR deal. If I'm the tenant. Sure. If I'm the tenant. Yeah. Cause if it goes bad for me, it's going bad for me. Exactly. If I no longer need that lease, I don't need any of that. Yeah. Something's going to go bad. I just, yeah. I just closed on a building too last week.

Use clear title. Hey, clear title for all your title needs. They are very efficient service. They very are. But yeah, no, because for the exact same reason, right? I go, I know what I'm paying in rent. I'd rather pay it to myself. Yep. Tangible benefits, right? I can walk in there now and I go, nothing gets me out of this place. Yeah. This is mine. I can do whatever I want with it. I can, I don't need to talk to the landlord. I don't need to get permission to use the boardroom if somebody else is in the building. If you wanted to open up a all turtleneck shop,

I would do it there. Could you do that there? I'm going to do it there. All turtlenecks. I misspoke. Not only would I do that, I am doing it there. I have something to announce, gentlemen. Congratulations. Chris is four-skinned. Three-skinned turtleneck. Three-skinned turtleneck. All right, well, let's take a break. I am proud of this. Let's take a break. We'll come back and we'll...

That's more to cold start on the neck. I also, when we get back, I want to talk about, obviously we lost some greats, Bob Saget, Betty white. I want to talk about something that Joe Rogan said about Michelle Obama. I want to talk about something that was complete horse shit that I saw Grant Cardone do. And, uh, and yeah, and all more. So we'll be back in just a second. I'm sorry. Yeah.

Hey, it's John Gafford. If you want to catch up more and see what we're doing, you can always go to thejohngafford.com. We'll share any links that we've things we talked about on the show, as well as links to the YouTube where you can watch us live. And if you want to catch up with me on Instagram, you can always follow me at thejohngafford.com.

I'm here. Give me a shout. Grant Cardone, local. We're back again. No, he lives in, well, he opened an office in Arizona. We'll talk about that in a minute. Welcome back to The Power Move. I, of course, am John Gafford here with Colt's foreskin turtleneck, Amadon, and Chris the counselor. Now you say that, I'm not going to be able to not see you. Hey, I got good news. While we were on the break, while we took a break a minute ago, I don't have to work anymore. What happened, John? Listen to this voicemail. Apparently, I'm going to be retired. Here. Oh, I got your voicemail.

This is Mary. You mentioned you wanted to ethically make some extra cash without having to lift a finger. If you're still interested in making some extra cash, give me a call. All right, I'm not going to give you a number. You don't have to lift a finger? No, I do want to talk about that voicemail, though. Because A, it's horseshit. Of course it is, whatever. Didn't talk to me about Mary. But I will say this. I'm going to give you a sales tip right out of the box. Something I did like about that voicemail, which is how I leave it. How I leave voicemails.

And how I coach our people to leave voicemails because Colt what is the purpose of a voicemail callback callback callback? That's it right. I mean so many people in sales want to pitch a machine, dude They get on and they want to pitch and they want to try to sell the machine Oh, let me tell you why you need to call me back. I got XYZ You need to do this blah blah blah the only purpose of a voicemail is just to get a call back I love your guys's voice. That's it. So so she did a little bit of it. Um

Which was good. Number one, key number one in that voicemail was she tried to build familiarity in acting like we knew her. Oh, hey, is this you? Oh, I'm sorry, John. I got your voicemail. Remember how you were saying this? Oh, yeah, I got your voicemail. My bad. But when they're starting off with a disingenuous premise, like, I don't know you.

No, no, no, no. But here's the point. The point is you call them and you just say, hey, Bob, it's John. You know, look, hey, I just want, you know what? It's too much for a voicemail. Just give me a call back. That's fine. That's it. That's great. And then that's my voicemail. You're not applying. You have a present. I'm not. I'm not. But that's the voicemail we leave, which is you've got to leave a voicemail in a sales situation the exact same way that you would if you were calling your buddy. I mean, that's the same message I'd leave you. Yeah. Connell, Scafford, hey, you know, man, too much on a voicemail. Just call me back. Yep.

Right. Now, here's another big mistake that people make when they leave voicemails, which is they give their number. Like, I'm not going to tell you my whole name. I'm not going to tell you where I'm from. I'm not going to tell you anything about me. It's just, hey, it's John. You know, it's too much for a voicemail. Call me back. Because now I've got the guy thinking, who is John? Like, he's talking to me like he knows me, like I should know this person. Who is he? Now, here's another thing. If I've called and left a message on your phone. You have my number. You got my number.

I don't need no phone out there that link your, your voicemail to your phone. No. As soon as I leave the, as soon as I leave my number, call me back at eight, two, three, one, two, nine, one, two, one, two, eight, two, three, one, two, nine, one, two, one, two. No. As soon as you tell me your number, I know I don't know you. Yep. I already know. I don't know you, but if you, if you ambiguity is always the best thing you can do when you're leaving, create a little suspense, leave a little, a little suspense, a little suspense, a little suspense. And don't leave. Don't,

Do not do sales call from your office phone that has a generic number that when somebody calls, they have to figure out who they call to to get transferred back. That's the worst...

Do not call from your cell phone or your direct line that has a caller ID because I'm not going to sit there and, did you say that's a two, four, you're breaking up, and a half hour to return a call. I have to deal with that every single day as an attorney. Me too. Commercial real estate. As an attorney. And commercial real estate too. Commercial real estate. Because you got those people that are calling from an office, right? Yeah. And nothing drives me nuts more. I leave you. I'll say it. This is my personal cell. Yeah. That way you know that you're getting me. Yeah. Yeah.

yeah nothing drives me nuts more than trying to get a hold of an attorney right that i've been trying to we got a deal going and i got to go through three layers of paralegals who are you i mean look if you have a problem in vegas you can call connell at three o'clock in the morning he'll answer i mean i i actually encourage the three a.m because you know nobody hugged me during christmas yeah because you

because I got COVID. Sucker, you're lucky, John, because I saved you from a lot of money from paying out people. The best was, I really, I thought about this and I thought about how funny this would be. I wanted, because everybody had, like, if you don't live in Las Vegas, you won't understand this, but...

I'll explain anyway. So if you don't live here, the Golden Knights is our hockey team. It is the fabric of our community. It is the fabric of our community. It is. And so much so that one of the Raiders players wrote an open letter to all the fans in Las Vegas saying, we understand that the Knights jerseys are hung up at every store and ours aren't. We get it. It's okay. They're conceding already that we're never going to be the Knights. Well, last week, two of...

Really, I'll say the heart and the balls of the team for the first four years we existed got traded away in the offseason. And both of those players came back with their new respective teams this week. Ryan Reeves, who's playing for the New York Rangers, and Marc-Andre Fleury, who was literally the first Golden Knight. He's the first guy they ever picked. He's the first guy.

and they came back to the games, and I was at both of those games, and they're emotional, but here's the joke. So for the Fleury one, after I saw everybody with the signs for the Reeves game,

I almost made, I wanted to make a sign just for shits and giggles and said, I have COVID, but I wasn't going to miss Marc-Andre Fleury. Oh, you should have. That would have been the greatest. You'd end up on the wrong side of an emotional distress game. You would have had it done like a video showing you got a negative theme, be like, this is a joke, here we go. It would have been amazing. All the people would go get tested. Oh God, can you imagine just hitting the jumbo trigger?

Because where we sit, you know, a puck came over the glass. I do get jumbotroned every now and again when it comes over. I have COVID, but I wasn't missing the flower. That would have been the greatest. Oh, it would have been amazing. So, no, anyway. People are too sensitive. Can't joke about it. They are, but I thought that was going to be my point. It would be hilarious, except for the fact, like I said, you sued left and right. Oh, my God. Do you think I could get sued for that? Yeah, maybe intentional affliction, emotional distress. Yeah.

Let's talk about this because, holy shit, I pray for the future of our company. Not our company. Our company's great. Our country. Did you guys see these Arizona State girls? Tell me you did. No, please. What? Look in the toilets. No. No. Saw that one. Arizona State girls. There's these two girls at Arizona State.

that decided to, they walked into their multicultural center at Arizona State and there were two white males studying in the multicultural center. And so they decided to pull out their phones and TikTok this of them berating them because one of the guys had a Police Lives Matter, one of the guys had a I Didn't Vote for Biden t-shirt and

And apparently there was a Chick-fil-A cup, which is triggering also. And a Bass Pro Shops hat was also triggering for some reason. Right. Okay. Right. So that's also triggering. So now, by the way, both of these groups automatically annoy me. Okay. Hang on. Hang on. I'm already annoyed. No, no, no. But we're still going. We're still going. All right. And they start berating these guys. And the guys never get over two.

Like here's level 10. They never get it over to, they're like, look, we just came in here to study. I'm sorry. Like I didn't, I'm not protesting. I'm not saying anything. My computer just happens to have a sticker, whatever. And obviously now on one side, they probably went in there. They probably went in there. Yeah. They probably went in there to do what they did to needle. Yeah. Right.

But these girls went ballistic at these guys and the stuff that they were saying. And so Arizona State did a, did a investigated the situation. And based on the video that the girls took, found that,

The only people harassing anybody were these girls harassing those guys. Because there's no rule that says those white guys can't kiss it at that table in the multicultural center. Right. Which is fine. Which is a First Amendment protection. And I very much so, ACLU, I support. Please don't cut this into a piece. I'm not. I'm not. I support Black Lives Matter protests in public spaces. I support Nazi protests in public spaces. I can look at them and say, I think you're disgusting people. But you have the right to be wrong in public. Yeah.

Yeah. You don't have the right to burn shit down, though, anybody. You can't create a danger for it, but you have a right to burn a flag, and I stand by your right as an American. I don't care if you burn a flag. No, listen, if you bought it, you can burn whatever you want. You can't burn somebody's business. You can't destroy other people's properties, of course, but I believe that this country needs to go back to that where I...

I don't have to like you, but I do have to respect your right to have. I don't respect your opinions. I respect your right to be wrong. Right. But my point was with these Arizona State girls. So the Arizona State finds them to be the ones that were harassing these girls. And they say they want you to write a three-page paper on inclusion and you're on probation. That's basically what happened. So then these girls go back on the video. And again,

Not about the cause. It's about the general perception of these. They're like, these people came in with their racist Bass Pro Shop hat. And they're racist. And they triggered us. They're all fired up. They triggered us in our safe space. Dude, I'm telling you right now, if I'm Russia, I'm like, we could take this place in like a week. Oh, for sure. Like a week. We would go over and trigger people. Dude, if those are your kids or your kids act like that. Sure.

You are setting them up for failure because the world is going to chew them up and spit them out. Sure, but here's the good news. Here's the saving grace. Like with all things, what you see and what you hear about in public are not the reality of it. 99% of kids going to college would just be like, oh, those guys are fucking idiots. Did you see that one girl, the one who shit her pants, the right-wing girl that tries to make videos, the one who shit her pants at a frat party? No. She went onto a liberal campus and started asking guys. Was this on her old videos or what was she talking about?

- Oh man. - I don't watch Young Turks, but Young Turks was on like a next clip and I just overheard it. And it shows these videos of her going on these liberal institutions expecting to just have these outrageous comments. It's like, should there be tampons in the men's room? Like, oh, and the guy's like, I don't care. And moved on. And another guy's like, sure, does it cost me anything? Then I don't care. So most people, and it just backfired in her face. She looked like a moron. But if you're two white guys and you go to the multicultural center,

And you're wearing, you know, you're wearing, I don't care about Biden or whatever, blah, blah, blah. You're going there to be controversial, which is fine. The best thing you can do in that situation is ignore them. Ignore them. Ignore them. They did what they wanted to do. And you are a fucking moron and a puppet. If you let someone pull your string so easily about content, nobody cares. But again, I think, I think there are, I think there are college age kids. Sure. On board.

on both sides of these issues, on both sides of conservative and liberal that are equally fragile in the worst possible way. - There is so much fragility. But here's the thing, here's the thing. So college campuses, yes, are definitely left. And I don't mean to be-- - I think it's both sides. This is not about a left or right thing. - It's tougher to be a young Republican academic. Because the world's moving away from that.

But just in general terms. I think it's coming back. I think in the business world it's going to be. I think you're going to see some Michael Keatons come popping up real quick. In academia? No. I don't know about academia. I think you're going to see Michael Keatons come popping back up. It may correct to where it should be. Yeah. But at the end of the day. I feel like right now is like the 70s.

and you're going to see a snapback to conservativeism. Well, I think it already has. I think the let's go Brandon speeches you see around campus, you wouldn't have saw those 10 years ago. That's ignorance. No, that's what I'm saying. The problem is...

A lot of these kids are so stupid and have no experience. They still live in their parents' basement. They don't know anything. So if they hear a professor telling them how stupid the right wing is, then they're going to sit there and think it is. And you're getting your parents telling you, ah, they're a bunch of idiots. It's going back and forth now. Here's my thing. You look at, and again, you look at,

The let's go Brandon thing, which obviously is what it is. But my thing is, I think what made this country great in its first place is the ability to have civil discord. Of course. Civil discord. And at what point, I mean, dude, I don't love Joe Biden's politics. I didn't like Obama's politics. I mean, but at the same time, I never disrespected the office of the president. Sure. I mean, the guy is the president of the United States.

You look like an idiot when you disagree as a country. They don't realize people are looking at us and we look like a bunch of idiots both sides of it. Well, that's because the media is very loud. Now, here's the thing, though. I am 100% on board if you criticize a policy of Joe Biden's. Yeah. So if you say, Joe Biden really fucked this up by this and this was a better solution. I look at it and I go, hey, that's fair. I go, no, what you're not considering is this. That's how political discourse should be in this country, but it's not.

It doesn't matter what Joe Biden says. He's an idiot. He's wrong. He's an idiot. The guy could say the sky is blue and he's fucking wrong. And that's the problem in America, is that it doesn't matter. My team is in. Well, everything Trump did is right. I know. Because, again, it's the echo chamber. It's just so nuts. We all hear each other saying that everything is right. And I like to hope, you know, here's the thing. We all have our own political views here that are sometimes aligned, sometimes don't. But I think...

We can all agree that the way that the majority of people that are super vocal about their their dislike of whatever is happening are doing it the wrong way Totally worst marketing. Yeah, the left wing has got to have the worst marketing possible because you have I believe this is a core belief of mine that 70% of people 80% of people in this country if marketed to properly would vote on the left side and here's why properly if properly marketed to

Because when you think about policies about the ultra wealthy, this, that, and the other, most people in this country are below the wealthy, right? So if you could just be like, look,

Here are great social services. Look at the police. Look at fire. Look at all these great things that if we just put in collectively, blah, blah, blah. If you could steer it away from religion and make it about people's problems. That's the problem. They put everything together. You're not voting on one. The right owns religion, which is a core value. But it's ironic in that, and I don't want to get off on a tangent, but when you look at the tenets of religion,

you know, what Christianity is, right? Give to the poor, rich don't get into heaven, all that stuff. If it was marketed better, that wouldn't be an issue because you could get away from the things that turn them off, like gay marriage. And once those things become sort of more normalized and mainstream, you're going to find the next generation is not going to care about those issues so much. Yeah. I'm just saying, like I said, it's a marketing problem, but the left is the worst at it. You know, it brings up my next point, which is going to be incredibly probably unpopular, but we're going to talk about it anyway because I thought it was a good thing.

Joe Rogan came out the other day and said that if Michelle Obama ran against Trump, she'd win the landslide is what he said. Really? Yeah. That's what he said. He goes, he thinks Michelle Obama would win in a landslide. And this got me to kind of thinking,

It got me thinking about something. I totally disagree with that. You disagree? Well, that's what Rogan said. But here's the thing. This is what I'm finding. And I'm finding this. And this is not a spouse thing. This is not a husband-wife thing. This is not a wife-husband thing. This is a spouse thing. I am seeing more and more, especially in the entrepreneurial space,

where unqualified spouses are being shoved on stage because of who they are. Totally. I agree. And that's on both sides. I've seen some really unqualified husbands whose wives are superstars, and I've seen some really unqualified wives whose husbands are superstars. And at what point...

Is that okay? Is that not okay? I mean you tell me I you need to have qualification now Michelle Obama is a lawyer 100% But I'm saying no no and I'm not saying the only real quick I am NOT saying Michelle Obama's not qualified to run for office I just said that thought of that what I'm saying that got me thinking like I go to these events and I see these wives get shoved up front as these husbands get shoved on stage and

And, you know, it's, it's becomes this package deal where one of them is a superstar and the other one, you love your spouse. I love that. That's all well and great, but that doesn't mean I need to hear their opinion either. Or do I need to hear them talk to me? Well, I think, I think our current president's that, right. I think people voted for him because they thought they were voting for Obama. Right.

And same thing with, I would dare say, our mayor in Las Vegas has voted purely because they voted her because of her husband. So I think they sit there and think, well, if I vote for them,

I'll get the other person back. I know they are not qualified, but what they're not qualified on, they'll ask their spouse, and that's who I'm voting for. And I think that's why. I had to get Bill Clinton a third term. It was a lot of theories. Oh, yeah. Clinton III. Yeah. And that's where that comes from. But...

Man, I see, I see, I go to speaking events and I've watched somebody. I'm like, who the hell is this person? And find out, well, it's their husband, right? Somebody's wife. That's totally odious. I find that particularly offensive when somebody's spouse is up there. Yeah. There's no wholly not qualified with a hard opinion on anything. It is. And I think the problem is, is most people aren't honest enough with themselves to think that, look, I'm glad you think your wife is amazing or your husband's amazing.

But that doesn't mean put them on the stage. No. I promote my wife because we have a comparable business. Like we have a thing where I go, no, she's competent. Plus she comes with me. But I also think like, okay, look at, and this is not,

I know plenty of couples where the one spouse is the stage superstar and the other one just has no interest in it. I know plenty of those people. It's probably a better marriage that way. Yeah. I let you do what you're going to do and that's great. Tana Gertz, and her husband's a wonderful guy. He was a meteorologist at their hometown in Iowa. But Tana, by being one of Trump's main...

I guess you will, or one of the bell ringers through his campaigns, Tana became quite famous and she never tried to put Curtis up there. And Curtis never had any interest to be up there. He was, he was perfectly content to stand by her side. Right. Yeah. And I think, you know, I just, I don't know why that came. No, I agree, but I don't think that, I don't think Michelle would kill a landslide Trump. I really don't. I just, I think, yeah, I,

Honestly, if Trump runs again and we get Obama running, I'm so annoyed over it. Two years is a long time in health years with a dude that's that big and that old. Yeah, but that is interesting that he said that because, like I said, I still think that this country – now, here's where I'll be maybe controversial, but having a woman be president, I'm just not sure this country is going to secretly vote for that yet.

I just don't. I think men still have kind of a thing about having a woman president on average. You think? I do. When you look at who voted for Trump and who voted for Hillary, 67% I think of men voted for Trump and 30% whatever, Hillary. And same with women, right? I just think that generally...

That there's enough men that still have hard feelings about. There's racist people out there. There's sexist people. Yeah. I don't have. I would have voted for Condoleezza Rice. Listen, I think you're going to have to. I think much like Obama, you're going to have to come in moderate. I just don't think it's a landslide either way. No, I don't think it's a landslide either way. But speaking of. I think Trump's daughter could go and win Ivanka. I think she could. Well, let's move on to something else. Let's talk about this real quick.

Which was Grant Cardone. I saw a video he made this week, and I thought it was dangerous, and I thought it was bullshit. I think a lot of stuff he says is dangerous. No, this was dangerous, and it was bullshit. It's dangerous, and it's bad. You're in my shot, Connell. What are you doing? Jesus.

Yeah, everything stops for Connell. Yeah, Connell Law. Connell Law. I said, everything stops. No, no. So here's what it was. It was a video, and he goes, and here's the story. I'll do my Grant Cartone invitation. So no, man, this guy, I met him, and I said, hey, you need to invest in me. And he wrote me a check for $20 million because he trusted me. He said, I trust you, Grant. I trust you. I'm going to give you $20 million. And he said, I trust you.

And then a week later, I get a call. He says, hey, I'm going to send this guy down from my office. And he's going to go through your office and check out your stuff, check out your operation, make sure it's all good. And I said, yeah, send the guy down. So the guy doesn't sound like Grant Cardone at all. I feel like it doesn't. Does it kind of feel better? I'm going to send this guy down. He's going to check it all out.

Well, he says, the guy came down and went through everything. And I said, hey, hey, when you're done, come back and see me. I got a gift for your guy. And he said, at the end of the day, I said, how was everything? He said, oh, everything checked out perfectly. It was great. Here's something for you. And I handed the guy an envelope and they had to check for $20 million with him because I don't want to do business with somebody that has to check up on me that doesn't trust me.

And I thought to myself, number one, okay, let's stop for a second. Let me give you $20 million. Let's stop for a second. There's zero chance that dude handed anybody back $20 million. Zero chance that happened. Now, number two, guys, I always say don't buy the protest sign from the person that's telling you about the cause. Right? This is a guy, you got to pull your mic back on.

This is a guy that his job is raising money. That's his job to buy multifamily stuff, and he's been very, very good at it. But if you don't think you should vet every single deal you do, I mean, vet it and pull it apart and look for holes and look for everything. 100%. I mean, I sent you the operating agreement on the jet, and I said, find me a problem in here. Find me the problem. So...

If you're doing a deal with your mother, go over it. Vet the deal. Vet everything. Why is that a problem? Because it's easier for him to put that video out and make people that are naive that might have 10 or 15 grand to rub together to send him to invest with him.

Well, I don't have to look at the prospectus. I'm happy because I trust my truck He won't be he won't do business to me if I don't trust a lot of people trusted made off. Yeah I have no clue about this grant car car. No, I don't know I'm not going to talk bad. I'm not going to talk about talking. No, no, no, I know you're not that Listen, I think it was bullshit. I don't think I don't think the story happened. I don't think it happened and then - I

I think it's terrible advice that you shouldn't vet every deal all the way out. You should just quote unquote trust people. So you know what? I'm going to seven, I'm going to seven figure lawsuit trying to recover seven figures for my guy. That was my roommate at one point. Right.

Because I bet the deals that you're still doing. Yeah. Yeah. The deals that you're currently in. Yeah. My problem to get out everything. I am not going to slander one guy. I'm going to say hypothetically, there is a guy out there that was able to put together money from 08 on and

There's absolutely no way you could fucking lose putting money into real estate from 2008 and on. So you might have somebody that's worth a billion dollars and being idiot. You could have bought Portage ons and made a fortune on them. So my thing is, is you are hypothetically,

Guy A is playing with fire by not doing credited investors. He's getting where, yeah, any investment panders out. I don't know that he's not doing credit. I don't know that. Look, if you're giving a guy $5,000, if you're doing $5,000. I don't know. I don't either. This is why I'm talking about hypothetical Guy A. Hypothetical.

This is not about Grant Cardone. I'm telling you, you play with fire, not doing credit investors. People are crowdsourcing, put together GPs and LPs and all this stuff. It's a scary thing to do. If you have a competition, 10,000 people are in it, about flipping heads and tails.

There will be somebody that flips like 15 heads in a row. Yeah. They're not expert head flippers. No. It's just that's how it is. It's just that they shake out and that's it. And I want to say this. I mean, there's some people that are going to hear that, what I just said, and be like, oh, that dude's a hater. You're being a hater. You're trying to tear him down because he's successful. No, I'm not. He's very successful. There's a difference between being a hater and saying the emperor has no clothes. That's right. There's a difference. And I'm merely trying to say that what he implied from that video. Be conscientious of all.

Be conscientious of all of it. You know, there's something behind it. Never again, never buy a protest sign from the dude that told you about the cause. And there's a lot of that going on right now. There's some people making some serious money selling protest signs and they are constantly reminding you there's a cause. Be careful of that. And yeah, I'm not being a hater on the guy. I'm just saying when you're giving dangerous advice to people that could get them in trouble, that's when I have a problem.

problem. And I know a lot of people that have been investor, investor stuff. They've been investor partnerships for 20 years and they still vet their guy. That,

It could be their son. I know family money that will vet their sons. You should vet every investment, whether it's $5,000. Look, if you don't vet it, you're just giving somebody a favor at that point in my opinion. For sure. Well, we're going to wrap it up. Connell, I'd take a phone call, I guess. We're right at 26 minutes.

Make sure you tune in the next one. The next one's going to be awesome as well, where we talk about principles of stoicism. And if you're having a challenging time, like so many people probably are right now with COVID and everything else, you might want to take a quick listen because if you've never been exposed to

To the thought process of some of our greatest philosophers We're gonna do it in a way that you can understand and it's and hopefully it will it will start you on a road to Wanting to read more wanting to do this I always tell people all the time the book that changed my life was the obstacles away by Ryan holiday And I'm gonna kind of introduce you to some of those principles and we're gonna talk more about colds turtleneck So I was gonna say we got double back-to-back back to that my awesome turtle. We'll go to that So people we will see you next time. I like my turtle

Hey, it's John Gafford. If you want to catch up more and see what we're doing, you can always go to thejohngafford.com where we'll share any links that we have things we talked about on the show, as well as links to the YouTube where you can watch us live. And if you want to catch up with me on Instagram, you can always follow me at thejohngafford. I'm here. Give me a shout.