Dan Fleyshman
Appearances
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So what's interesting is I've always wanted, I think people have talked about before, like you want a business person in the White House, but also this time, unlike any other time, you have a bunch of billionaires and venture capitalists as the advisors. There's obviously Team Doge, but there's also like just legit billionaires like David Sachs that are just like,
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
wealthy beyond imagination that are there in the White House or next to the White House advising for our country. What are your thoughts about having strategic advisors over our actual country? Because I think our country, I don't think, I know it's an actual business. So what do you think about that?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
I think the amount of money we're going to save alone is going to be so efficient. Absolutely. When you just hear about how many programs or employees or overhead, they have like entire massive buildings that no one goes to work at because they're working from home. So what are we paying? $800,000 a month for that rent, for example.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
We didn't get a wire to Los Angeles from anybody, right?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Sure.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So you see something like Los Angeles. Last week I had 19 in-person meetings. I don't know how many phone calls. Meeting with people in the construction space, which you understand construction and remodeling very well. My concern for Los Angeles, besides the $150 billion and growing number that's impacted, is there's no Calvary coming. And here's why.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
If you have a construction company in Dallas, Arizona, Utah, Vegas, the surrounding areas, you're not coming because you're not going to get licensed. And you're going to have to go through a big headache to get licensed. And so like when I posted about it, I was getting a quarter million views, half a million views of posts. And all the comments were, I'm not going there.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
I got 80 employees there. I'd love to go there, but I'm not going to get licensed. I got 400 employees, but I'm not coming and I can't deal with the headaches. Blah, blah, blah, blah, blah. I'm like. Well, who's going to build it then?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Please bring the Calvary. Think about when the fire truck showed up from Oregon or something. They stopped them and made them go through a smog check. You stop smog check, there's 40,000 acres burning. What smog matters when the whole freaking city's on fire? I didn't know that. That's unbelievable. Literally, that's not a joke.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
It's hard to imagine what's happening. So another fun one real quick. I mean, when Trump, you mentioned about like, I'm going to change Gulf of Mexico or Greenland or buy that or whatever. He also did it with Canada and talking about making Canada another state, adding it as the 51st or 52nd state. And then a week later, the evil ruler of Canada resigned.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
You know, like the guy that was holding Trudeau. Like, again, I don't even talk about politics very much. I talk about math and reality. I like to talk about money. That's what we're here for. He hurt them by hundreds of billions of dollars, Trudeau. And within a week of basically saying we're going to take over Canada, the guy's gone. He resigned. And we never hear from him again.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Like the impact of that for that entire country, whether we end up merging with them or not, is staggering that someone could literally do a couple of tweets and all of a sudden you take away an evil dictator. the guy that was literally like not letting people go outside their homes for a year or two during the shutdown.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Like anyways, I get too emotional about how frustrating he was to that society. I don't even like, again, like Canada is not our thing, but it is right next door. And every time I tried to fly in there, I go through like three hours of inspections at the border. And it's just like a hard, hard country to deal with. Hopefully we can work something out with them.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Cause that'd be a great add to our economy. Okay. Next topic. you saw all over social media last week was TikTok. Everyone was freaking out. Who's going to buy it? Who's going to figure it out? Is it bad for our society? Is it amazing? Here's the thing. 170 million Americans have a TikTok account. So people think like, oh, that's about half the people. Wait a minute.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Out of the 340-ish million people we have in our society... There's a lot of them that are babies. They don't have TikTok. There's a lot of them that are senior citizens. They don't have TikTok. So it's basically everybody else. It's like 170 out of like 250 or 220, whatever the number is. So it's a vast majority of society. And 2023, it was $1.5 billion on TikTok shop.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Last year, it was 1.4 billion a month. Think about the revenue of people that are just making money in the middle of Michigan out of their apartment. A 17-year-old girl or a 36-year-old guy or a single mom with three kids who's 52 and she's just making money as an affiliate on TikTok shop. People don't realize the economic impact. They think it's just like dancing around videos.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
That's serious money that's being had there. What are your thoughts about the fun situation where everyone freaked out and cried on Saturday, TikTok's over, and then you wake up Sunday morning, TikTok's back.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Mind-boggling.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Okay. So on the money Mondays, we talked about the making money side. Let's talk about the investing side. Yeah. You get pitched a lot. And as your personal brand keeps growing and growing and growing and growing and everyone keeps sharing your videos and you keep growing and growing, bada bing, bada boom, you're going to get pitched even more.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Sorry to tell you, you're going to get pitched way more. How do you interact with people that are trying to pitch you? What do you want from them? What do you want to see to sift through it all?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Due diligence, reviewing attorneys.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
That's $8 million a month.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
$2 million a week.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So this podcast is $50,000 an hour.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Even if a deal crushes it and someone pitches, you're like, hey, invest into this deal. You're like, okay, I'll throw in 250K. 250K becomes 450,000 or 600,000. It does really well. You were doing $400,000 a day in this theoretical number, right? Right, exactly. And that would take three to five years from you putting in 250 to wait for that compared to you doing it on your own. That's fascinating.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Similar, because it's 13 years at $115 million. It's a little less than $10 million a year. So that's like $800,000 a month, $200,000 a week. It's almost the same concept.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Right. Well, yeah, now you have the game down. You've got the team, the lawyers, the accountants, the advisors, the understanding, the insides and outs.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Okay. What do you see people doing wrong on social media? Yeah.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So on the charity side of money, are there things that you care about or is like you helping get people back into reality and help them get off of drugs? Is that your form of charity or is there certain charities that you like?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Yeah, because you care about it deeply. Totally. Okay. There's a question I ask on almost every episode, but I've never, ever, ever, ever gotten the same answer. I know I'm not going to get the same answer right now. Eric Spofford. You have a few children and one day you're going to sell for 500 million, probably in five years. Another time you'll probably sell for a billion or two billion.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
And by the end of your journey, 100 years from now, maybe you're 136 years old one day, you finally pass away. But you've accumulated billions and billions of dollars. What percentage of billions and billions of dollars do you leave to those children?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So we've heard famous stories over the years about either child stars or people that have very wealthy parents go down the drug path. Why do you think that is that they, you know, they grew up in a rich household or they get tens of millions of dollars and they inherit a bunch of money or a rich kid, for example, why do you think they go down so heavily in the drug path sometimes?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So last question I'm going to ask you. Stare right into that camera for someone watching. That is... impacted by someone in their life that has gone far down the drug path and they're too scared or nervous to have the conversation with them to try to help them what would you say to that person to give them confidence to talk to their friend that's going down the path of potentially dying
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
We could do a 17-minute bio. It was hard to condense it into two minutes. I get it. It's a fun journey. All right, so on the Money Mondays, as you guys know, we cover three core topics, how to make money, how to invest money, and how to give it away to charity. But what I want to first ask is, once you sell a company for $115 million, what do you do the next day?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
All right, guys, you're listening to the most special edition of the Money Mondays because it is the biggest money Monday of all time. And we're not inside the RV motorhome for once because we're inside of Eric Spofford's home.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Check him out across social media if you want to learn about Section 8 housing, how to build real businesses, what he's up to in the real estate game, and just telling real things of what to do in business because he lives it. He shows it and he shows all aspects of it. I call it building in public and he's showcasing real time. Like, Hey, I just bought 70 units and here's why.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Hey, I'm doing this deal here. Hey, I'm rolling up these clinics to eventually sell for 500 million. He's showing you in real time and he has the receipts to back it up. Unlike a lot of people across social media. So check us out on the money Mondays. Make sure to have discussions with your friends, family, and followers about money because we know it, Growing up, it was rude to talk about money.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
And finally, in our society, especially this last couple of years with this podcast, we've been able to change that narrative to have discussion with your friends, family, and followers about money because it is part of your daily life. It's not rude to talk about it. It's rude to not talk about it. People need to talk about loans, taxes, finances, accounting.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
How much do they ask for their salary? What should they be doing with their money? Should they borrow money from their friend or how do they pay back? Or what if they're owed money? People feel scared to talk about money. You have to discuss it. It is part of your real life. So check us out on themoneymondays.com. Follow Eric Spofford and we'll see you guys next Monday.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Like you get that wire, it comes in, it's Monday morning, it's Money Monday, like, whoo, 9 a.m., 9.01 a.m., You click refresh. Yeah. $150,000 shows up. It's funny.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
It's just called Money Monday.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Ladies and gentlemen, welcome to a special edition of the money Mondays. As you guys know, I've had a very strict rule. I only record podcasts inside of the RV motor home, but sometimes Got to break the rules for very special, special guests. So I'm here in Miami inside of Eric Spofford's mansion. This gentleman built up his career.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Is there a number? If I was like, okay, Eric Spofford, here's $1 billion. No more work. There's no number. $2 billion. There's no more work.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
No number. It's inside of you.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Winning's winning. Yeah. $41 came in. I'm like, oh, that's cool. $40,000 comes in. Oh, that's cool. I just like the action of it. Okay. So you've mentioned a couple different markets that you're into. Real estate, Section 8 housing, and then diving back into opening sober living places. Why go back into the treatment centers? Just because you know it inside out?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
We're going to go through a bit of his story, but really focus on what is going on in the world today. It is the number one money Monday in the history of society. Today is the inauguration. Today, TikTok is back. Today, it's Martin Luther King Day. Today, cryptocurrency is through the roof. You've got meme coins worth billions of dollars. You've got Bitcoin breaking records.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
so there are a lot of reasons but are you looking for the same goal you want to run it back sell for 150 million do you want to get to 116 like what's the goal for the next run 500 million to a billion this next time three years five years ten years five to seven five to seven years on the outside five to seven years 500 million dollars at a minimum threshold correct
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Explain the roll-up strategy. What do you mean by that?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So let's say it's 2030. You get another wire transfer, this time for $520 million. You hit your goal within five years. The day after that, you're getting back into the same game?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Everything is very exciting about this Money Monday. And so what we're going to do is get a quick two-minute bio from Eric Spofford so we can get straight to the money.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
So you mentioned that here where we see on social media, a lot of people talk about the exit. How many people do you think actually have had an exit in the social media?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Okay. Other category dove into was Section 8 housing. Talk us through why put so much money and time and energy into it and why teach people how to do it.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Walk us through the general concept. So Section 8 House, you mentioned around $100,000. If someone's out there like, okay, I can come up with that or I can come up with the 20 or 30% I might need to get down. What's the general idea of what they should be looking for if they were trying to dive into the market?
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
It's me.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
Got it. All right. We talked about your business stuff. Let's talk about the world's business stuff. Let's talk about the world's. Today's a big day. And this episode is literally, I've never done this before. We're filming it right now at 9 in the morning. And in an hour, this is going to be live. Because it's the biggest Money Monday of all time. I'm not just saying that.
The Money Mondays
From Rock Bottom to $115 Million Dollar Exit: Eric Spofford's Journey to Entrepreneurial Success 💰 105
It's literally at 12 o'clock. It's the inauguration. What do you think about the economic impact of just the energy that's happening with the new president stepping in today?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
in just kind of existing and not trying to accelerate their life and try to make more money?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
I have this saying, if you truly believe in what you're selling, it's rude of you not to sell it. Exactly. If you think you're going to change someone's life, you should stay here until midnight.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So why do you think it's in our society the last, I mean all of it until recently, and maybe even in some households still recently, why do you think it's rude to talk about money? Why do you think people have that in their mind? The biggest reason I started this a couple years ago was to take that away from people's head. Because
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Our daily lives have money involved for bills, food, travel, gasoline, rent. Everything is money related. I don't see what's rude about talking about real life stuff and nothing rude about it.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So as you've been scaling the business and you bring on 40 people here, you also have a ton of employees on the mortgage side, the lending side, the real estate side, et cetera. How is it to deal with so many staff members, the inner workings of it?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So let's say someone's got their $5,000 or $10,000 saved up. They want to choose someone to learn from, whether it's coaching, a mentor, a mastermind, whatever. How do they decide or research or figure out who's the right fit for them?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Nice. All right. On the make money side of the topics,
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So let's talk about the charity side of life. Why do you think it's important for families, households, or companies to do some type of charity work or help the homeless or feed people or help children? Why should they have some type of charity in their life?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
You've been doing this 100% bill thing. Can you talk about that?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So if the bill is $240,000, you tip $240,000? Yeah. Wow.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
A lot of people don't realize that they can give without cash. If you don't have much money, use your social media, show up and volunteer, go there and put in the energy. If you can't donate the physical cash, Put in your time, put in your energy, put in your muscles, go help, go to the children's hospital, go to senior citizens home. Like everyone needs to go feed the homeless.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So Trina's Kids Foundation, we started 11 years ago and it is for the Latin community. We've been helping the Latin children in downtown Los Angeles since, was that 2012, 2013? And we always have 400 families show up and we do four charity events a year. We do a back to school day, report card day, Thanksgiving food drive, and then the toy drive.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
And every year it gets bigger and bigger and bigger and bigger. And every year more families show up, more families show up, more families show up. So with Driven Charity, You just got to boil down and think about what is the main category?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Amazing. I'm going to give it out right now then. We'll give it out tonight. Thank you. Think about what is the thing? Is it the children? Is it the Latin community in general? Is it education? Is it toys? Is it feeding them? When you figure that out, it makes it easier for people to support your mission because what will happen is people will copy you. And it's a good thing by the way.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So years ago we started what's called the $100 tipping club. So the similar how you've been tipping 100%. $100 tipping club is we'll get like eight friends, 15 friends, 30 friends together and everybody chips in a hundred bucks. Sometimes if we're in like Salt Lake City, we'll do a thousand dollar tipping club. So we'll get 26 people together and donate $26,000.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
And the way you do it is $100 Tipping Club, anyone can go. That's actually the website, $100 Tipping Club. You can go to a restaurant, get Albert and seven of your friends together, and you don't tell the waitress. And at the end of the meal, 50% of the money goes to the waitress, 50% of the money goes to the bar backs, the cooks, the chefs, et cetera.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So if you got like 1700 bucks, give her eight or 900 bucks and give the staff eight or 900 bucks. Over 4,000 people have copied us. that we know of. It could be a lot more over 4,000. I'm copied us. And so I love every time I see you doing this a hundred percent, because I started seeing other people do it. You're making me want to do it now. Let's go tonight.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
And so the point is when you figure out what that niche is, you're like, okay, you know, you want to help the Latin community. Is it children? Is it homeless? Is it feeding them? Is it education? What is that thing? Cause that'll make people want to rally around you because you're such a powerful figure in that space.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Ladies and gentlemen, welcome to a special edition of the Money Mondays podcast. As you guys know, 99% of the episodes are filmed inside of an RV motorhome. We have done 106 episodes, 103 of them have been RV motorhome, but Albert Preciado said swing by the penthouse office here on Sunset Boulevard and I will set up the Money Mondays for you. So here we are.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
All right, I'm going to ask you a question that I ask on every single episode, but I've never gotten the same answer. Ready for this? Yeah. Okay. $80,000 a day, right? $30 million a year, but you're still young. Over the course of time, you're going to go from $30 million, $50 million, $100 million, God willing, $200 million. Ultimately, you might become a billionaire. I think you will.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
And at that time, let's call it 100 years from now, and you've got multiple children. What percentage of a billion dollars do you leave to those children?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
I love it. All right. Where can people find you online? Where can they find Driven? Where can they find your whole world? Go through all of it.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
That's it?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
It's easy.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
All right, guys. By the way, I did a campaign for Neil Patel. It's a really fun story, by the way, before we go.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So I did a campaign called Who is Neil Patel? And this campaign was I had Instagram models, influencers holding up signs that let me see if he answers me right now. I literally said, who is Neil Patel? He wrote an article about it. You can still see the article.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
see neil hey neil we're talking about you here we're doing a podcast live we're talking about the campaign that dan did for you what you want to tell me really quick all right so you're live on the money mondays and i'm going to put you right next to the microphone do you remember the who is neil patel campaign tell us about it yeah so dan had a lot of people just go out there and take pictures and hold up a sign who is neil patel he took
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Thank you, Neil Patel. We'll call you later. We'll probably see you for dinner.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So that campaign was interesting because we would have girls use lipstick and write on the mirror, who is Neil Patel? So people are scrolling through Instagram like, who the hell is Neil Patel? They have no idea. And they started Google searching him. And his search went through the roof. And as you guys know, he's a wizard. So he turned that into this huge company. All right, guys.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
I appreciate you guys being here. As you know, The Money Mondays is meant for you to share with your friends, family, and followers. Visit us on themoneymondays.com. Talk to your families. Talk about money because it's important. You got to talk about loans, finances, taxes. What happens if you borrow money? Should I do this? Should I pay that? Should I get a rent, a lease?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
What do I do about payroll? How much should I ask for my salary? Money is part of your daily life. So have discussions about it. Be blunt about it. Ask your friends about it. And make sure to have open communication. So we'll see you guys next Monday on themoneymondays.com.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Who are some of the speakers you already have?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Thank you.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
What's the website where we work and people go driven event.com.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Why do you think that when a lot of other events are struggling to get 300 or 400 people, how do you keep getting 2,000, 3,000, 2,000, 3,000 over and over? It's the brand that I built.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
making a special exception for my dear friend over here, Mr. Albert Preciado. So as you guys know, the way it works is we cover three core topics, how to make money, how to invest money, and how to give it away to charity.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So we're going to go through how did Albert build up a real estate company, mortgage company, sales company, training company, all these things up inside this penthouse over the last, what, five, six, seven, eight, nine, 10 years now?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So what makes a good sales rep and an okay sales rep and a bad sales rep?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
I saw the scoreboard out there.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
You know what's interesting is the wealthiest guys I've ever met, all they do is ask questions. They wanna learn. You talk about Ed Milet, the guy's worth $700 million or whatever. He asks a lot of questions because think about if he learns one little thing and it increases his business by 1%, well, 1% of $700 million is $7 million.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
I've seen so many of these billionaires and zillionaires and watching them interact at dinners. And they're asking, what do you do? How do you do that? Why do you do that? Why do you do it that way? How do you structure it? Who does that for you? Why do they do that? Because that one little tidbit, if you're doing $50 million, $10 million, $100 million, whatever,
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So similar question about the sales reps. What makes a good mortgage loan officer versus an okay. One versus one. That's not going to make any money.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So what we're going to do is, this is very important, we are going to break the mold of what you grew up with thinking that it's rude to talk about money. I think it's rude to not talk about it. And I've watched Albert break through and tell people about
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
Yeah, it's 520 in the morning.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
why it's important to have money, why it's important to make money, why it's important to build up wealth inside of their society, inside of their households, etc. And so we're going to go into those type of questions. But first, Albert Preciado, give them the quick two-minute bio so we can get straight to the money.
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So on the investing side, why do you invest so much into yourself, into your personal brand? Does it have a return or is it to build? What is it for?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So as you're... building the personal brand, you're getting bombarded with deals. How do you choose what you work on and what you focus on?
The Money Mondays
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
So people get very distracted by shiny objects. They're seeing social media. They're seeing people with Lamborghinis and Ferraris and mansions and things, but they're 19, 20, 21, 22, 23, 25, just getting started in the game. How can they learn first before trying to just jump right to the Ferraris and Lamborghinis?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
You invested in Next Health, you've invested in multiple brands. Why do you enjoy investing into brands and what makes you say yes?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
God bless you. I'm wishing you luck. But let me know when you've got a couple thousand stores under your belt. You've dealt with the distributors, the manufacturers, the headaches. There's still more headaches to come. But at least I want to see you fight. I want to see you fight through the struggle first.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
the reason i like the food and beverage space is because when you get it right is a big victory there's been recent sales you guys have seen of beverage brands that have had humongous like whoa like numbers because they're getting sometimes six to ten x ebita or getting 2x gross sales let me give you guys a quick example for a large company like a kellogg's or a
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
you know the huge brands that have massive distribution in the cereal space the beverage space etc it takes them on average 125 to 175 million dollars to really launch a brand 75 million to get it going 125 to 175 to make it big where it matters to them on the bottom line so they'd rather buy Cali water for 150 million or 300 million range to save them two years and 200 million dollars they'd rather give you 300 million dollars or whatever the number is to buy it to save themselves time and
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
they're not gambling on if people the consumers like their new drink that they spend time on any money in time and they spend 125 million for example to make a new drink for two years they're taking away from their core brand like coca-cola pepsi gatorade etc they would much rather buy your brand cali water for a couple hundred million dollars to save themselves time and they know that people already like it right and they've got the distribution risk is removed right and the day they buy you it's actually free here's why they give you hey oliver here's 300 million dollars for you and vanessa we everything's great your investors are happy
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Do you rent? Do you buy? Do you lease? There's so many questions that we don't know because in high school and in college, we just don't learn those things. And we weren't allowed to talk about the households. The reason this podcast has stayed top 10 for 95 out of the 99 weeks so far is because of you guys having these discussions.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
that day their stock goes up by two dollars a share and it actually goes up by like a billion you're free right right and they call up all their distributors like hey guess what guys you're gonna start drink taking this drink they take you from 90 million in sales to 500 million dollars in sales like this yeah just by pushing the button yeah like literally nothing yeah All right.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So let's go into, we talked a bit about the making money side and the beverage side.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
We talked a bit about the making money side and some of the business side. Let's talk about investing. You invested in Next Health, you've invested in multiple brands. Why do you enjoy investing into brands and what makes you say yes?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
All right, without further ado, I want to get a quick two-minute bio from Mr. Oliver Trevina, and then after that two-minute bio, we're going to get straight to the money.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So you're out in an event.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So I tell people I only invest in companies that I can help. Right. So if you do heart surgeries, God bless you. I can't help you do heart surgeries. You make sweaters with hearts on them. I'm your guy. Right. I can help you sell a million of those. And so I try to be very, very specific to it.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Even if something is appealing to me, if I don't know the industry and I can't help them, I don't want to be what's called dumb money. I don't want to just put in 25K, 100K, 500K, put a check in and not be able to help. Yeah. I want to be able to help. Yeah. And that's why I like food and beverage space and I like this category because I can help them get more famous.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
I can help them with connections, et cetera. But yeah, it's important what he was mentioning is that if you find something that you like or you find something that you trust, you need the founder to be what I call ride or die. I need a founder that they're at the convention and at 1120 p.m.,
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
the plumbing goes out and the water breaks and it's all over the booth and it's you know the booth is flooded he's gonna show up yeah or she's gonna show up at midnight to go fix it yeah and she's gonna be there he's gonna be there cleaning it if she had to not just be like oh I'll deal with in the morning yeah you can't have that you need someone to ride or die because no matter how good a business is or how good a brand is stuff's gonna happen headaches are gonna happen problems gonna happen lawsuits are gonna happen employees are gonna leave there's always gonna be frustration situations throughout the course of a business and you need an entrepreneur that's right or die yeah
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Tell us everything.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Oh, yeah. Oh, this is an awkward one.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
so let's say you're at an event and you meet an entrepreneur she's amazing she's got a company she's doing a couple million bucks in sales she's like Oliver I would love for you to invest in my company what are the things you want to see from that founder for you to actually say you know what I'm going to put 100k into this business
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Yeah.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So at the same event, you meet this really nice gentleman who's just raised a round of funding. He's got five million bucks for his first feature film. He wants you, Oliver, to be in his first feature film. What are the things you want to see from him to be able to say yes or no? I would actually put my name, likeness, and time to be in your movie.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
12 years.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
On the movie side, would you ever do a passion project? Like, Jeremy Piven is doing the performance. And the performance is, he's on tour right now with it because it is in line to hopefully get an Oscar, or at least a nomination for the Oscar. So he's very excited. But it's taken him years and years. We talk about it all the time. And I love his passion behind it.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
And I've now gone to multiple of his premieres before. But it's because it's about the Holocaust and about a tap dancer in the Holocaust. And he cares about the story. Yeah.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Right, no coffee, let's go.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
I feel like a tailwind of energy in our society. There's stock markets up, cryptocurrencies up, people are outside and wanting to go back in life and events are full. Like people want to be around each other. What would you say to someone going into 2025 of how they can decide what their passion is? Like, how can I call it tasting it?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Go try out movies, go try out film, go try music, go try making clothing, go try music, like whatever the things that you might think about. What did you say to people like they're trying to figure out what their next thing is? How do they find their passion?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Where can people find you on social media?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Any projects coming out in 2025? Any movies?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
appreciate you being here i know you're busy traveling around the planet with cali water you're filming for movies tv shows and all these things you're working on and luckily the dog is here with us fast asleep all right guys as you know with the money mondays it's very important to spread these messages with your friends family and followers it's important to talk about money it's important to have these discussions so if you can share like comment subscribe check out oliver trevina across social media and we'll see you guys next monday on themoneymondays.com
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So walk us through, in the acting world, someone that's wanting to make money in acting, what do they do to stand out? Because there are millions and millions of people that want to act or they think they can be an actor. What are the things they can do to stand out if they actually want to get that first acting gig?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So going into switching about producing and actually investing, financing some of these films, walk us through, how did you decide that was the time that I want to make the transition to actually be on the other side of the camera?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Ladies and gentlemen, welcome to the Money Mondays. This is going to be a very fun episode because we have our first dog being featured on the Money Mondays. But that is not the guest that I'm actually excited about. I'm just happy that he's here because it's super fun. He's yawning right now. I think I might be boring him. We are here in our RV motor home outside of the toy drive.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Right.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So you mentioned starting a company. Are you referring to Kaliwater? Yeah. So talk us through, you're busy, you're acting, you're in everywhere from Mississippi to Bulgaria and everywhere in between. Why decide to start this brand and tell us about the brand itself? Well, it was COVID.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
We're doing 10 cities in 16 days. This episode is either number 100 or one Oh one. So I'm very excited for this episode with our special guests because he's got so many different facets that we're going to talk about. everything from acting, investing, founding a company, and everything in between. So we have some fun stories.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So my former life, 2005, 2009, I had a beverage. I was in 55,000 stores, 43 distributors, and I drove and flew to every single distributor. Wow. And I literally would do what's called ride-alongs. So ride-along is where Oliver would go with Cali water or I would go with my drink.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
And literally it's like a Budweiser truck and jump in the semi truck and ride along to 24 locations for the day to help them want to sell our products. And here's why. Budweiser driver wants to sell Budweiser. He doesn't care about my drink or the water or the milk or the soda or anything else on that truck besides Budweiser because that's who pays him.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
And he just gets a little bit of bonus sometimes or nothing for selling my drink.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
And so we spend the time doing what's called ride-alongs where we literally go with them to the stores, make friends with them, give them $50, $100 Best Buy gift cards, get them excited to want to be part of our brand to choose from because Budweiser had a lot of other options just like Coors, Miller, Pepsi, my other distributors. On the retail side, here's the hard part.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
But as you guys know, this podcast ranges from 32 to 38 minutes for your listening pleasure because the average workout is 45 minutes. The average commute to work is 45 minutes. So we want to make sure that you guys listen to all of this. And we have a 93% listen-through rate because of that.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Let me walk you through the reality of why Oliver has been told by some people it's hard. Let's say you go to a household named like Albertson's or Ralph's or Vaughn's or Smith's, a big grocery store, and it's January 1st. And they actually say, yes, we'd like to buy Cali water. We'll take $1 million worth. Like, oh, that sounds cool.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
But now Oliver and his investors and friends have to come up with around $400,000 to make a million dollars worth of drinks. but they want to ship it on April 1st, so four months from now. So he's got to front the money, let's call it $400,000, and he's going to be shipping it four months from now on April 1st.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
April 1st comes, the trucks deliver, they put it into the stores, now the stores want them to do marketing and merchandising displays and pay for all that. and they're going to pay Oliver for Cali Water on net 60 terms, meaning 60 days from the date of delivery that Oliver shipped. So it's April 1st. He's going to get paid on June 1st. But I don't know if you guys have tried Cali Water.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
It's delightful. And so it sells well. So let's say it sells through at like a 22% or 18% sell-through rate. The chain store's like, whoa, we love Cali water, we want more. Oliver, we'll take $4 million for the next order. Sounds cool to Oliver, doesn't it?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
But wait, he needs to come up with around $1.6 million to $2 million to make those drinks, and he hasn't been paid for the first million dollars. That's not due until June 1st, and we're in May, and now he's got to float. Do you see where I'm going here? And so when your drink does well, you need to have millions of dollars to catch up to manufacture for the distribution and wait.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
And again, on that $4 million order that he spends around $1.62 million, he's going to have net 60 terms again coming up a few months from now. And the same thing happens. But what if Albertsons and Costco and Circle K and 7-Eleven all want his drinks at the same damn time?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So make sure episodes like this you share with your friends, family, and followers because we need people in our society all over the world to talk about money. We all grew up thinking it's rude to talk about it. I think it's ridiculous to not talk about it. It's real life to talk about. What do you do with taxes? How do you ask for a salary? What do you do for accounting? Do you get a loan?
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So I did that for 1999 and 2009. I had the same brand, but I had an energy drink from 2005, 2009. We were number seven out of the 900 drinks on the market. And it's difficult.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
you were right like all these people that said don't do a beverage why didn't i do a toilet paper company you know everyone's got to wipe their ass every day i should have done that that's why dude wipes is the second biggest brand in shark tank history oh i didn't even know that they only have one investor mark cuban and they never need to raise money again there you go There you go.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Let's go up against them.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
Yeah, it's good. Thank you. Appreciate it. It's important.
The Money Mondays
These Simple Investment Strategies Are All You Need w/ Oliver Trevena 💵 EP100
So over the last three years, I raised $56 million for food and beverage brands and consumer products. almost all was actually beverage brands and the reason for it is i would find brands that already had 29 000 stores 16 000 stores 4 500 stores 31 000 stores those are the actual numbers And so they had something I could pour gas in the fire. If someone was starting from scratch, I'm not in.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Until the whole cartel shows up. There's six of them.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Speaking of pressure and high intensity situations, sometimes children, friends, fights do happen and there's blood everywhere. And so we've been bringing in people to teach about trauma and there's literally have fake blood all over the floor right now because it was very intense. They're training for half the day just on bloody situations, how to do tourniquets, et cetera.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Why should people learn about, well, let's just call it bloody situations.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Wow.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So, Los Angeles is under fire right now, and this episode's coming out on Monday, so I would hope that it's out by Monday, but I don't know that it will be, because some of them are not contained at all, or less than 8% contained for the big one. At this time, there's some serious looting going on.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And people have been catching... Let's not talk about the arsonist part, but the actual looting part. They're rolling deep. They're showing videos of car after car after car, like for today, for example. The Encino and...
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
tarzana fires in the middle of daytime and there was six car loads of guys just showed up and luckily there was a police barricade there and they were filming it and those guys just turned around and they smiled and waved at the camera that's how ballsy they are right now how brazen they are and they're just going to go drive somewhere else to go loot those houses
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
I think we're in for a pretty tough situation for the next month. You know, even when the fires calm down, because I think that the police are gonna be overwhelmed and I don't know that they're gonna be able to protect those households. Why is it important to be able to protect your household in these times?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So you and Bejos Kulian also have something called the Squire Program, which is fathers and sons and high school age sons, right? Talk to us. Why is it important for that father and son combo?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So Squire program has now expanded all over the country, right? That's how popular it's gotten, how interesting it's gotten. Talk us through like why the father-son element? Why not just the sons then?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
What can people do when they're not going to, if they can't go to a bootcamp or they're living in somewhere and maybe they're living international and they can't fly out here, et cetera. What can someone do? Do they go to martial arts training? Do they do workouts at home? Can they learn anything online? Like what are the things people can do in their normal lives?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Last question. It's 2025.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
feel like that obviously the tides are turning we have a new president coming in we've got new energy coming in you can feel social media is getting fixed we've gotten a lot more reality checks have been coming in and even zuckerberg recently took out you know took tampons out of men's bathrooms we hired dana white as one hired dana white to join the board we're having a lot of reality checks that have come in about you know common sense things or reality things what would you say to people now that we're coming into this new wave about how to get their house in order
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
If the apocalypse happens, you don't have to leave the house.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Well, I mean, Los Angeles literally looks like an apocalypse right now. It's crazy. There's whole cities that are decimated. There is no Pacific Palisades. It's freaking wild. It's mind-boggling to think about the inefficiencies that have happened. I could go on and on about that. All right. Where can people find you on social? What should people be doing? Talk us through it.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So what's interesting is we actually have 40% women in attendance for the last two years out of the five years. It really happened in the last two years. Why do you think that more women are coming to get trained now?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
All the same screen name? It's all Steve Eckert? Yeah, it's all under Steve Eckert. All right, guys, I want to do this special edition episode because Los Angeles is not just on fire. It's insane. And what's happening in London, people aren't even talking about enough. It's insane. People are literally getting stabbed in the streets two in the afternoon.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And it's happening left and right, left and right. I'm not talking about a few instances. Like when something happens in the media and it's like this rare situation or this one thing happened. That's not humanity. There's 8 billion humans. So when a one-off happens that's different, there are hundreds of people getting stabbed in London.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
There are hundreds and hundreds of people getting robbed in Los Angeles. These aren't one-off situations. And I think you can hear by my voice, like, I'm very passionate about this scenario. That's why Operation Blackside is such an important thing to me. It's been half a decade of being important, but now more than ever, you have to get training. You've got to learn martial arts.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
You've got to understand how to work with a gun. You have to understand what to do in these high-pressure situations because I've got friends that are literally 6 foot 5 300 pound football players getting robbed for their watches at 2 in the afternoon.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
That's nuts Because they're just so brazen there because a lot of times they're 17 18 year old kids that just know they're not gonna go to jail or they're gonna go to juvie and so the amount of stories it would take me 16 episodes of how many friends got robbed in Los Angeles Wow how many people are going through crazy situations and And so I implore you, research OperationBlackSide.com.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Obviously, if you want to come here to the ranch to train with Steve Eckert and the team here. But in your own cities, martial arts training. If you have to drive two, three hours, go get gun training. Just understand how to work with a gun. It's just super important to be able to protect your household. So visit us here at TheMoneyMondays.com. Check out Steve Eckert across social media.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
We'll see you guys next Monday. Ladies and gentlemen, this is a very different type of Money Mondays episode. I will not be talking about investing money. I will not be talking about making money. I will not be talking about how to give it away to charity. Los Angeles is on fire and it's very, very, very, very intense.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And so I just wanted to talk about some of the realities from a financial perspective of what's happening in Los Angeles and what's going to be happening over the next few years. Hopefully just a few years because it might take five to 10 years to rebuild. Tens of thousands of acres have been burnt.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And what people don't realize is how massive that is on the rebuilding side and the rules and laws in California and specifically in Los Angeles. So I want to talk through some of the business sides of these things. We all know that there's been inefficiencies with some of the politicians. I'm not going to get into governors and mayors and those type of things and what's happened there.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
What I want to talk about is the reality of rebuilding in Los Angeles is going to be very, very, very tough. It already takes way too long, one to two years, just to get permits and approvals to make a building or a house. Well, the difference is they're already overwhelmed and now tens of thousands of homes, hundreds of thousands of people have been displaced.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So from a sheer math perspective of those people that are gonna now go get an architect to design their new home,
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
hopefully get insurance money which we'll get back into later and then apply for permitting this is going to be very very intense for many many reasons the construction companies are not going to be able to handle it they're going to be very overwhelmed there's not enough architects and designs to prepare to create tens of thousands of designs right because they're not making track homes outside of people you know making apartment buildings but individuals that are going to try to rebuild their homes with hopefully insurance money there's a big problem there
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
They have to have the capital to pay for designers, constructions, redoing everything, buying tile, furniture, supplies, kitchen, like redoing their homes if they get their insurance money. And if they don't, most people don't have that type of cash.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Even if you think that they're rich and they live in a $3 million house, it doesn't mean that they have $3 million in cash to rebuild or that they would. The other problem is, well, there's been a rule that happened, a new law that happened years ago.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
that if someone loses their house in a fire, if they don't rebuild it within two years, the new property tax goes into effect of the new valuation of the home. Well, for a vast majority, especially in places like Pacific Palisades, Hollywood Hills, Malibu, a lot of those people inherited their home or bought it many, many decades ago. Let me give you a math example.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Let's say someone inherited their house or bought their house for $2 million, but they live in Pacific Palisades or Malibu. That $2 million house is likely to be $6 million, $7 million, $8 million, $9 million, $10 million, and sometimes a lot more than that.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And so they've been paying their property taxes based on a $2 million house, which could be around, let's call it $20,000 to $30,000 for the year. $40,000, $50,000, $60,000, depending on the area. If their new house takes more than two years, which it will, for obvious reasons, it takes way too long for permitting in Los Angeles.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And now they're going to be inundated at the permitting departments to try to approve these places. They don't have the manpower for it, which is very scary to think about.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
If they don't rebuild it within two years and they were normally paying, let's call it 20, 30, 40, 50 K a year in property tax, they now have to do it based on the new valuation of let's call it 5 million, 6 million, 7 million, 8 million, 9 million, et cetera. By the way, when I say these numbers, you can adjust it based on the scenario.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
their new property tax could be a quarter of a million dollars for the year. That is unaffordable, even if you think that they're rich. That is unaffordable and not realistic. And so they will likely not rebuild there. Well, if they don't rebuild there, what happens? Is that just going to be dirt? Is someone else going to buy the lot? Is someone else going to buy the lot and rebuild there?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
are outside here in the rv motorhome parked at black site ranch black site ranch was named based on operation black site we are going into our fifth year of operation black site and because of that we just happen to finish a three-day boot camp weekend with our guest mr steve eckert And so what I want to cover today is why should people get trained?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
There's so many factors from the Money Mondays concept to think about. You can hear why I'm stressed out thinking about it and talking about it. This is such a dire situation and people don't realize Los Angeles does not have the resources. And it's not like construction companies can just show up and start building.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
A construction company from Phoenix or Dallas or Las Vegas can just show up and all of a sudden be prepared to go build hundreds of homes or thousands of homes or tens of thousands of homes. It's just not like that. It's not that simple. The ones that are there that are based in L.A., they are going to be inundated, overwhelmed to try to go rebuild entire towns, whole counties, whole regions.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Schools are decimated. Mall. Remember the mall in Pacific Palisades? It doesn't exist anymore. Like, I don't think people realize what it's going to take to rebuild this place. And even if something happens, which hopefully will, that Trump comes in and, you know, they try to have a lot of federal capital come in to help with the rebuilding process and subsidize a lot of the rebuilding.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
unless they fix the permitting process, which I don't think that they will. And I wish that they would, I don't see how they will, where they would basically have to rubber stamp and approve. They could, if they trusted in approved builders, the fast forward way would be if this is a builder that's been building for many, many years and they are approved builder,
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
if they just gave them a rubber stamp, say, okay, we know that they're really good at building houses or they're really good at building apartments or the mall, for example, and they have a track record, they are rubber stamped to go build because they know that they're going to be within code.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
unlikely that anyone's going to approve that or do that, especially with the current administration in our Los Angeles area. And so I'm very, very, very concerned from a financial perspective of what's going to happen to the city.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
I don't think people realize, you know, there's a lot of these things you see in the media about it's $50 billion in damage or $60 billion damage, and it's going to probably end up being A lot more because the fires are not contained at the time of this episode. So could it go to 100 billion? Sure. We don't really know what that number is because of the rebuilding part. It's hard to grasp.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
The tourism changes a lot. Like who's going to go visit Malibu right now when some of the... iconic restaurants like Moonshadows are gone. Moonshadows that's been there our entire lives is gone. Restaurants are gone. Stores are gone. It's like just so much is gone. And so I am been racking my brain about what is going to happen and who's going to step in.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
You need so many people involved to rebuild one house.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
there's the construction company there's obviously the design the architect someone to deal with all the permitting but then within a household someone's going to deal with the the trees and the grass do they have a pool do they have who's doing dealing with the plumbing who's going to bring in the sinks who's going to bring in the refrigerators who's going to bring in the furniture
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Who's going to get the security systems? That sounds like a mundane thing. Like, oh, who cares about, yeah, it's easy to get refrigerators. Is it when if there's tens of thousands? Oh, it's no problem to put in a stove. It's no problem to put in the piping HVAC. HVAC companies are going to be, what are they going to do?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
They're not prepared to go build tens of thousands or hundreds of thousands, whatever the number ends up being, of new systems. This episode is really just for people to be thinking about it. This is not to come up with an answer right now. I've just been...
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
racking my brain about the situation of what is going to happen when these fires are contained and we finally go into a rebuilding phase and also keep in mind what happens this summer if there's more fires what happens next year if there's more fires we've seen arsons getting arrested arsonists are getting arrested left and right on camera setting fires up who knows if this happens again in one week one month six months etc it's a very scary situation because
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
We don't have the resources for the fire department. We don't have the resources from the water side, which doesn't make sense obviously because California is right on the water and there's been a lot of access to water for many, many years, but not recently. There's so many, I don't want to, this isn't about conspiracy theories. This is about math and money and reality. What are we going to do?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Who's going to rebuild this place? And we need something or someone or a group to come in. That's very efficient. with a rebuilding plan. Similar to how you saw with Elon Musk and the crew that's come in with Trump to try to basically right the wrongs and showcase to the world, especially in America,
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
The bad things that have happened or the corruption that's happened or the things that have been going on within the government. Well, that is going to happen here and specifically in California at a very massive scale. The rebuilding phase for California from businesses, homes, apartments, restaurants, malls, schools across the board.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Just think about the sheer amount of construction crews that are going to be needed. What about the cleanup crews, the dumpster trucks? There's just, you just think about what one household looks like of all the things, all the vendors, all the people involved to get all the approvals for one house and then extrapolate that into tens of thousands of houses.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And if they want to, you know, deal with insurance, get it done within two years, et cetera. I just don't see how it's going to happen. And so if you're watching out there, Mr. Trump, Elon, and all those guys that are out there, if one of your friends shows you a clip from here, I just want you to think about who can become the efficient group in the construction world to really make this right.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So when people go to boot camps, events, and learn, what is the difference for them? Why is it important to understand how to use a gun, how to at least hold a gun, shoot a gun?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
We need someone that can truly see a plan, a master architect or a master planner that can help us rebuild Pacific Palisades, rebuild Malibu. Hopefully we don't lose Encino and Tarzana because those are under fire as you're listening to this episode right now.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
I think you can hear it in my voice, I'm just, normally I can see plans for things and I don't see a clear vision for this unless a group comes in and becomes the efficient one that figures out how to do massive reconstruction. It would be very different if we were just rebuilding apartment buildings because those are all the same units, right?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Someone goes and rebuilds a 600 unit apartment building, that is different because one master planner can figure it out and that's a different scenario.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
individual houses times tens of thousands across entire counties where they all have so many different rules and also need so many different things it's just staggering who's going to provide all the sprinkler systems who's going to re-grass and re-sod all like every part of a household the concrete the door handles the doorknobs the window framings the garage doors who's going to do that many garage doors tens of thousands of garage doors or hundreds of thousands unfortunately could be the scenario
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
I just don't think we are prepared. I don't think, I know we're not prepared for the situation. And so we need to be thinking about what happens. And also if someone can't rebuild because they, let's say they don't rebuild within two years and they can't afford the new property tax, they're just not going to rebuild. What happens then to that empty lot? What happens to that person?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Do they move to Austin, Texas? Do they move to Florida? Like, do they move out of state? We're talking about so many of the wealthiest homes in America. are in this areas of California specifically, what happens if that many of them leave? They pay a lot of property tax. They pay a lot of state tax. They pay a lot of, they generate a lot of revenue and income in the, in the city.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
There's just a lot to think about. And so normally my podcasts have a very clear point and I ask very clear questions. This is really just for people to be thinking about what happens next. And hopefully the fires can be put out soon. There's a lot of pressure on the fire department to make this work. I just don't see they don't have the resources for it. And so I've been very active.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
You've seen me on social being very active about this. raising money for these foundations, getting supplies for these people that are going through very tough times and stressful times. I had over 3 million views on my post about bringing the animals here to the wild jungle. So if anybody's listening, direct message at wild jungle.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
If you know of animals in Los Angeles that need to be taken care of, preferably not dogs and cats because there's a ton of shelters for that, but any farm animals, horses, large animals like that,
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
We have been accepting any and all of those type of animals here at the wild jungle and I just People are gonna go through very tough times And so if you can help people whether they can stay at your house whether you can give them supplies Whether you can donate I'm not raising capital for anything that I'm doing I'm saying that if you research what you care about research what you think might be able to help or if you see situation that you could possibly help in people are gonna be going through very very tough times and
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
even if the magical insurance fairy shows up with checks, which they're not going to anytime soon, if at all, it's going to take a humongous amount of time to rebuild. And so people are going to be trying to find rental houses or living in hotels, living with their friends, moving out of state.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
There's just going to be so much chaos in Los Angeles, which is supposed to be the top 10 city on the planet. And right now it is under fire. And some of the counties are completely decimated. And so from a financial perspective, There's gonna be a lot going on in those towns.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And if you are a vendor that deals with any of these type of situations that you can help with the rebuilding phase, if you're out of state, maybe you should open up a division in Los Angeles.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
If you do something that's in the rebuilding phase for houses or buildings or apartment buildings or restaurants, et cetera, you may want to open up an LA office or a satellite office in Los Angeles because we need you.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
the city needs you and that could be if you deal with kitchens plumbing everything inside and outside of a household you should really consider setting up shop in Los Angeles not to monetize off a despair but the reality is we need the people we need the vendors to do it and so I'd rather you guys make money from being there to deal with the HVAC deal with the plumbing deal with the security systems deal with the houses the garage doors all the things we mentioned
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
if you know of vendors that can move there if you know of companies that can be prepared if you know of construction companies that are in los angeles tell them to load up employees tell them to get higher as many as they can humanly possible because it is coming and it's gonna be massive the rebuilding phase is gonna take years and years tens of billions of dollars who knows if it's much more than that could be 50 billion 100 billion whatever it's the number is so insane it's so hard to grasp what it's going to take
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And so I just implore you, research the situation, see if there's any way that you can help. Maybe there's friends, vendors, whatever that you might know that can just get prepared for the rebuilding phase. Because we've seen this happen around the country in different types of cities. And in Los Angeles, Literally entire communities have been burned to the ground.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And so I'm sorry that this Monday Mondays is a very different type of tone or tonality. I like to focus on very positive things, but I also like to ask real questions and talk about real situations, real topics, and nothing is more real than what is going on right now in Los Angeles. The videos I've been seeing, the videos you've been seeing online,
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
The posts that people are making, the despair of people losing their entire houses. Some of them lived them for 10, 20, 30, 40, 50 years. That's their entire life. And people are going through very, very tough times. And even just money is not going to replace it. Just getting a check from an insurance or the government, hopefully the federal government subsidizes.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Just getting a check does not fix, it doesn't even put a band-aid on losing your household, losing the place that you grew up, losing those memories. And it's tough. Even when you get a check, you don't know how to necessarily rebuild. You don't know how to hire the right architect. You don't know how to hire the right designer.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
You might not know how to deal with the right general contractor or permitting. All the things that go on with this, it's going to be very tough. And so help people when you can. Be close with your loved ones. We're going into such a great time in our society, in our economy, coming into the new presidency.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
We've felt the new wave of cryptocurrency is through the roof, Bitcoin's through the roof, stock market's going through the roof, real estate's getting better. That's why I launched the elevator mortgage at the exact same time, because it was like, okay, everything's happening all at the same time.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
There's this great wave that's coming, but now there is a damper on it from this very terrible, tragic situation where our literal city of Los Angeles is on fire. And unfortunately, at the time of this episode coming out, it's still on fire.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And so without the wind slowing down and more water showing up and more fire departments showing up from other cities, I don't know if it's going to even be contained this week. And so hopefully maybe a rainstorm shows up, which would be amazing. Maybe we can manufacture a rainstorm, which is, I don't know why we can't do that because I know that people do that in other cities and countries.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
But without going down too many rabbit holes, I just really wanted to make this quick extra episode for you guys to think about what can be done in Los Angeles, how you can help, have the conversations, and also just think about are you prepared in your city? What happens if a tragedy happens, whether it's fire, flood, hurricane? These are real things.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
so check through make sure your insurance is up to date make sure your paperwork's up to date make sure you have a go bag ready make sure you have a fireproof safe like make sure that if something were to occur because nobody expected that to happen in malibu on the ocean but all those houses are gone it is scary to see how bad it is and so no matter where you are be prepared
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Be prepared for situations. Have your friends, family, followers around you be prepared. If something were to occur, would you have all of your ducks in a row? Do you have your paperwork for your insurance, paperwork for your household, paperwork for your bank accounts, supplies, food, water, all the things you might need if something were to happen? Hopefully it never does.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
But if an earthquake did happen...
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
tornado did happen would you be prepared and you want to make sure that means you're prepared paperwork wise online wise real life wise across the board and so again i'm kind of sorry but i'm not sorry because we need to have these discussions and it's it's the reality of the situation and it is a very grave situation in los angeles so if you can support them with products finances pet products if you know of anyone that are in the construction world they're going to have a very heavy load to lift
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
and have the discussion with your friends, family, followers. Visit us at themoneymondays.com and we'll see you guys next Monday.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So when I had my daughter, I texted some of the guys in the Operation Black Site crew, and I said I would die for my family, but I would kill for my daughter.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
I love that. That's awesome. It's been burned in my mind. And a lot of people told me, like, well, once you have a child, like, your brain will change, your heart will change. And I'm not that emotional of a guy. Like, I've had 40 people pass away, so I've become numb to a lot of things the last couple years. And so I didn't think it was going to happen. And then once I held her... It happened.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
All of them were right. You guys were right. Whoever you guys were, all 40 of you plus were right. My mind changed, and it made me much more serious. I started training more often. I started working out more often. I texted all my friends, Andy Frisella, Michael Chandler. I texted them saying, I'm going to start working out way more often because of her. It changed my entire mindset.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Why is it so important, especially with the climate of what's going on in our society, not just in California, but the terror that's been happening in London, the stabbings that have been happening, the intensity that's going on, why people need to get self-defense.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
So there's four main things that happen during Operation Blacksite. I'm going to walk through each one of the four so you can talk to me about each one. There's learning how to shoot. And we use all airsoft guns here, just so everyone knows. Because we have an animal sanctuary with 200 animals, we don't use live ammunition here. So it's all airsoft guns.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
But we have a full training center over there. We have a shoot house there. The local police, K-9, SWAT, and sheriff use it every single week. And so we've had, I don't know, 40, 50, 60 times now where the police departments come in. We do it for free for them. And they were here twice this week. And they typically bring 20 to 50 guys out to go through K-9, SWAT.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
share the sheriff's and They all come here and it's great and it'll always be free to them because I want them to be to training I love you at the fire departments here as well because of what they're I mean They're saving California as we speak right now.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And so we're going to talk about not investing money, but investing into your skills, investing into your mind, investing into your life to be able to protect your household. So without further ado, I'm going to have Steve Ecker give you a quick two-minute bio so we can get straight into it.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
We're doing their best to so we do shoot training We do fight training Escape training with Chris and Carly and then we also bring in trauma So people learn about what to do in situations with tourniquets and things like that Let's walk through each one
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Ladies and gentlemen, welcome to a special edition of the Money Mondays for 2025. Normally, we're talking about three core topics, how to make money, how to invest money, how to give away to charity. But this is a special edition episode.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
on the shoot training side we kind of asked you earlier about why is it important but why is it important to be proficient to actually know how to handle a gun how to load it how to point it how to shoot it
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Right.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
What I've also noticed is that the most skilled at fighting are really good at de-escalating and they actually don't want to fight. They want to fight for fun because fighting is fun, but they don't actually want to fight in like a normal street setting unless someone is wronging them or their family. Why do you think that the people that are highly skilled are so good at de-escalating?
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Yeah, we did an episode with Vince Ritchie, and it literally showed up at his doorstep. It was three or four guys showed up at his doorstep, and luckily he'd thrown the... The video went very viral, got hundreds of millions of views. Luckily he threw the tea in the guy's face, pulled the gun out in 1.6 seconds, and was able to defend his wife and daughter inside.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Because he went through training here, and obviously he goes through training quite regularly with Tarantico and other people. And so one less training session might have been the difference of his life.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And his girls won like 30 or 40 championships.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
Mind-blowing. They're like, oh, there's Tim Kennedy.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
escaping so chris and carly teach people about escaping and i heard today i think they actually threw them in the back of trunks after they taught them how to get out of handcuffs and ropes and things like that and tying their feet together and so they go through this training to learn how to escape from some pretty tough scenarios but then they put them in a real life setting and so i actually filmed a tv show called going public and i didn't know we were filming this section and chris was teaching me about how to escape
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And luckily, I'd gone through Operation Blackside myself over the years for what had happened. And so on Going Public, you guys can watch the show, goingpublic.com. And they kidnapped me. And you'll see in the scene, but they, you know, he put a hood over my head. And I went into full defense mode. And I started spinning in circles and figured out a way to, like, escape.
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
And then, like, they threw me in the back. They had to, like...
The Money Mondays
Why Investing in Self Defense Is the Best Decision You'll Ever Make w/ Steve Eckert ⚔️ EP104
get a second guy to hold my legs down because i was like squirrelly just trying to figure out how to escape and i'm not nearly as big as you guys obviously and then they finally got me into the trunk and i broke out and i i ran 100 yard dash and jumped over the fence but anyways in those moments i was calm in the chaos because i didn't know if it was what the setting was and it was very very very intense and even when you're going through training it can feel very real because your brain can't tell the difference similar to a dream
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Another $8 million. Exactly.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
You live on the side of a mountain overlooking the ocean.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
So what Pavan just mentioned about the supply and demand was really interesting. There literally is no more beachfront property, if you think about it. There's no more beaches being made just the way it is. And so beachfront property in this example, the reason it's going to keep going up is the supply does not grow, but the demand does.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
What's also interesting is, and especially somewhere like California or New York, certain areas that we are a couple million units behind from apartments, houses, etc. And people are living a lot longer and people don't talk about this part. Before, when we grew up, parents lived to around 73 to 75 years old. 75 for women, 73 for men. Now it's a lot higher at 81 and 83.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
But your children, if you're listening to this, have probably lived to over 100. Some of them 105, 110, 120, God bless them. Because when we grew up, every corner was 7-Eleven, Burger King, and McDonald's. Now there's Whole Foods, Erewhon, smoothies, cold plunges, saunas, mental health awareness. We didn't have any of that stuff growing up. We had burgers and smoothies and 64-ounce Slurpees.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
That's why I like to tell people what you're in for, how long it's gonna be so you can make decisions on your timing and travel schedule. All right, without further ado,
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
and we didn't have an equinox in every corner in 24-hour fitness like it didn't exist as kids we had one gym that you might have to drive 15 miles to and no one cared because there was no cell phones now everyone's obsessed with working out so i say that because if your kid lives to 106 that's probably why this podcast exists they have to invest they have to own real estate they have to have way more capital because if they want to retire at 65 to 75 but they live to 106 they need 30 or 40 years of money saved up
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
where before sad to say you only needed like five or ten years because people mostly passed away let's call it 73 to 83 years old and so on the real estate side if there's millions of units behind and there's no chance of catching up by the way because there's not enough wood not enough labor not enough metal not enough refrigerators and air conditioning units and little pieces of metal like there's so many things that are behind schedule or not coming for a lot of construction companies a lot of construction companies went bankrupt during the shutdown as well when you just compound all this together
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
there's no catching up for california a lot of other cities of actually having enough units why does that matter to you well supply is not growing fast enough while the demand keeps growing what happens to the price you've seen it happen with bitcoin you've seen it happen with real estate and you're going to see it continue to happen real estate simply because of supply and demand
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
our guest today has built major companies in very very different categories from the mortgage industry to ai so we're gonna have a lot of fun here today going through asking very specific questions about investing building businesses philanthropy etc so without further ado pavon if you can give your quick two minute bio so we can get straight to the money
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
okay when you decide when people are approaching you for investing in real estate investing in ai investing in yourself and your businesses how do you make a determination if someone wants to pitch you on a startup company or a business like hey we're doing four million revenue would you invest 100k into our company like when someone's pitching you as an investor what what do you look for in an entrepreneur or in their business well real estate is really simply just look at at the cap rate
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
So on your hat and on your shirt, it says Angel AI. Please explain what is that company? Why is it important? Why are you branded head to toe with Angel AI?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
I forgot the question. You love it. We can love it too. See how much he loves it.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Hours and hours and hours, yeah.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
All right. So let's talk about the philanthropy side. Why do you think that companies or even households should have a philanthropic like a charity component to their lives?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
So for the last question, I ask this every time and I've never ever gotten the same answer and I can already feel I'm not going to get the same answer right now. So 100 years from now, 200 years from now, however long it takes for you, the bond finally sadly passes away. But Angel AI mortgage company become worth billions and billions and billions of dollars.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
What percentage do you leave to your children?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Definitely not the same answers. Okay. So tell us where can they find Angel AI? Where can they find you? Where can they find the mortgage company? Tell the listeners where they can find all your stuff.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
And she'll send me a text message that somebody wants to talk to me. That's so fun. All right, guys. This is one of those episodes where you're going to want to listen to twice because there's things that he was breaking down that are very different than most of our episodes.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
uh check out pavon across social media check out what he's doing with angel ai and it's not just for you you're going to have friends family members co-workers etc whether it's now or in the future that may need the service or may want to talk to the angels and find out things about the financial markets so check out the app check out pavon and most importantly have discussions with your friends family and followers about money
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
We grew up thinking it's rude to talk about money, but obviously we now know it's rude to not talk about it. We have to understand debt, finances, taxes, bank accounts, how to manage a checkbook. Does a checkbook even exist anymore? Should I do auto payments? Should I rent? Should I lease? Should I buy?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
There's so many questions that we have and we all thought it was rude to talk about it, but we have to talk about it. It's just part of reality. It's part of our day-to-day that we have to be able to pay for things. We have to pay for bills. We have to be able to save up money. We have to understand our credit scores and debt and FICO and all those things. We have to discuss it.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
And that's why it's very important for us for you to share this podcast, discuss it with your friends. Check out Pavan, Angel AI, and we will see you guys next Monday on TheMoneyMondays.com.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Ladies and gentlemen, welcome to the Money Mondays and Happy New Year! This episode is coming out right around the first week or second week of January, so I'm very excited to be here with you guys in 2025. This should be episode, I think, 103 or 104, which is very exciting that we're over 100 episodes and you guys have been there every step of the way.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
So let's first start on the mortgage side of things. So I just got in the mortgage space this year with our mutual friend, Joseph Chalabi. Talk us through, I just started this year, you've been doing it for decades. Why is the mortgage space important? How do loan officers, are they making money out there?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Tell us about loan officers, because a lot of people have been messaging us about working in the loan office space, and I want to be able to explain to them, is it good? Is it exciting? Is it worth it?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
I'm supposed to make $200,000 a year.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Out of those weeks, out of those 100, 203 weeks, we've been top 10 for 95 of those weeks and top 100 of all podcasts on the planet every single week after the third week because of you guys for liking, commenting, subscribing, etc. It's really important to us when you can do those things because as you notice, we've been running this for ad free for over 100 episodes now.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Like Bitcoin waiting for a decade and it finally hits it. Exactly. Okay, on the AI space, as you mentioned, AI has been around for decades and decades and decades. Why do you think that now, this last two years in particular, that it became all the rage? Everyone's talking about it. Everyone's thinking about it.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Hundreds and hundreds and hundreds and hundreds of billions of dollars a month is being invested into the category from venture capital, Silicon Valley, and Wall Street. Why do you think so much money, time, and energy is finally going to AI this year?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
So on the Money Mondays, as you guys know, we cover three core topics. How to make money, how to invest money, how to give it away to charity. You might hear noise in the background because we are inside of an RV motorhome right this second at Blacksite Ranch, or better known as the Wild Jungle.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Nope. I remember I was installing the very first Bitcoin ATMs in the casinos back in 2014. It was 340 bucks for Bitcoin at the time. And trying to explain to the governor, the mayor, casino owners why they should have a Bitcoin ATM. They thought I had three heads, right? Trying to explain it back then. It was a company called Robocoin, but it ended up selling. Those ATMs are now everywhere, right?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Gas stations, liquor stores, malls, et cetera. Okay, so on the investing side of life, you have a lot of options. Why spend so much time investing into the AI space? Why do you invest your money, your time, and your energy into the AI category?
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Funny before you go on. So the one thing, the recurring theme here, every time I interview someone in the real estate category, their only regret in life is selling.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
No matter what. commercial, residential, Airbnb, rental, blah, blah, blah, blah, blah, selling. Because they bought it for 400 grand, it went up to 600 grand, woohoo, they crushed it, they're up 50%, that 600 grand's worth a million now. Oh, I bought this building for six million, I sold it for eight million, I'm a genius, it's worth 11 million now.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
This podcast will be under 40 minutes, between 33 and 38 minutes for your listening pleasure because the average workout is 45 minutes, the average commute to work is 45 minutes, so we're gonna keep this episode under 40 minutes so you listen to the whole thing because part of the reason on our rankings is because we have a 93% listen-through rate for you guys.
The Money Mondays
AI is REVOLUTIONIZING Financial Services Forever w/ Pavan Agarwal 🤖 EP103
Their only regret ever, every single time, is selling. Sorry, go ahead.