Smart Things You Can Do With Your Money

G I just got it money my first time I got 200k what do I do I'm like well if you don't know what to do invest in t- bills and get your five points on your money instead of letting s a bank with no risk if you do know what you're doing I think certain stocks that kick Dividends are interesting real estate's great right I lived in my own cocoon for 15 years in the wine business I didn't know [ __ ] I didn't grow up with all this information there were there was no [ __ ] Monday money [ __ ] podcast like the dorks on CNBC were not catching my attention right so I didn't know this stuff and you know it's why I love putting out information because you like I said on stage I've my public uh life is really made for the 15-year-old me I've come to realize you know and so like it's really cool that all these kids coming up or not even the kids it's cool right now that a 53-year-old who's going through a transition in her his life is listening to this podcast for free while she's working out or driving to work and people are spitting real knowledge you guys me like and the other 150,000 people there's a lot of [ __ ] people like looking to do short-term stuff but anyway I'm an

entrepreneur who you know believes that nice guys finish first talked about flipping and eBay and garage sing walk us through the concept of that for our listeners that's a good one because it's weird I'm I've been a little bit on a roll on this and when I say on a roll I've probably had 10 to 15 people in the street or the airport or at Comic-Con New York where I was for an hour before I flew out here ref the garage sale thing it comes up a lot but just it's hot right now the last 3 4 days anyway for everyone was listening in 2017 I just kind of like had this moment was like you know what like I've talk all about like oh invest in the next Twitter next Facebook one thing I do well and one thing I recommend everybody who's listening that does content you need to read your DMs that's where you get the insights that's where you know where people's real feelings are and I was getting a lot of like and I was starting to get bigger at the time and I was getting a lot of like yo bro I [ __ ] with you but like [ __ ] you like who's got 25 bands to [ __ ] put into a startup I got $93 in my Wells Fargo and I got enough of that I was like okay Bet like I get it let me and I kind of like you know I was like what did I do you know cuz my Dad paid me five bucks an hour and I wanted money I was like [ __ ] I was doing garage sales so and so I just started talking about it and then I did the 2017 flip challenge you can go Google it right now 2017 flip challenge Gary ve and you'll find the premise which is if you have debt or if you have less than if you less than $10,000 in your bank account which a lot of people do I think people that are fortunate kind of lose touch then buying and selling stuff that you buy at flea markets garage sales thrift stores storage lockers Facebook Marketplace Craigslist is real money like it's real and what I like about it is people a lot of people who don't know how to make money any other way really love it now that it's been out there for like six years the amount of people who are like yo I was I've never known how to make money my whole life I always worked at this or that like everybody kind of knows something so you go to a garage sale like I know what toys are worth on and video games just cuz I've studied it for so long but vintage clothes like records like here's the reality 90% of the stuff at a garage sale that is being sold for a dollar or two is 10 bucks on eBay sure and then you get crazy hits so you know I would go to Instagram right now or Tik Tok and put hash garage sale Flip or yard sale flip you'd be stunned get educated we're not going to get to it here but on the make money side especially for all the people listening who've got 87 bucks that 87 bucks can really be 10K and the problem is with the way the world all the free information's good but on the flip side all the kids that are listening right now that have 87 bucks they think they need to make a million right and I'm like listen make 10,000 before you make a million and when you get the 10,000 figure out have to get 100,000 and then you can get to a millon you know and getting from 87 at you're 30 and you've never had any money to a million it's not going to happen you're going to chase fads [ __ ] scams and so you know I I'm really about that flip I mean I did it the other day I literally because I still filmed something called trash talk on you know I've done 10 or 11 episodes where I just go do it and it's just there it's there and I'm really excited about it I think most people should be able to make $500 in profit and like look if you're listening right now and here's the other thing it's fun for certain people the game is fun especially if you have a partner like it's a great father daughter father son BR me and AJ right are real tight we're 11 years apart I think both of us would say besides Jets football that garage sailing and maybe even garage sailing more cuz during Jets football we're just being maniacs and focusing but when you wake up at 6:30 and you go to Burger King get a coffee and then you drive 25 minutes to the townwide by the way if you want to find really Crush garage sales Google townwide garage sale because you don't want to spend all morning going to four a lot of towns around the country will do a townwide garage you can hit a 100 in four hours so that's a little hack anyway you know but you have to drive 40 minutes to get to the town that's doing it so you know for me and AJ when he was 13 14 15 16 and I was 24 25 26 those were real moments when we were driving from 7:00 to 8:00 a. m. where he's talking about like liking girls and like school and like life and like I'm in my young I'm talking about building dad's business and like it really bonded us and so for a lot of people I've gotten emails of like them and their best friend became closer because you're grinding and what's funny is for a lot of people that don't have money you know this they also are commonly very cliche the person that wakes up at 11:00 a. m. on a Saturday right now they're waking up at 6: 30 Yep they're getting that discipline they're getting home by 1112 it's kind of the same they realize they didn't even you know sometimes they like I don't want to [ __ ] with my bowling or my go for my or hanging my boys or the college football like be home by it and it gets them going and it changes it and so yeah I like flip life I like it a lot because I also once you get the first hook one guy cuz I'm so into it still if someone like yo Gary ve you really put me on like flip life like changed my life I'm always like yo what was your first big one I'm like they're like you'll never believe it I bought [ __ ] 40 bucks for a thousand [ __ ] CDs and sold them all for some were rare and this Pink Floyd one was like 80 bucks and I was like what the [ __ ] and that was H and that's like I'm still about that life that's so fun so let's say someone starts making

some money right they hit 10 grand then 20 and then 30 and 40 I got a big one on this I wonder if any of your guests have said this I really thought a lot about this because I do a lot of investing wrong a lot what do I mean by that I'm not Diversified in real estate enough if you're going by the book sure I'm not in the real stock market enough if you go buy the book most of my stock is cuz I invested in companies that went public and I still have the stock I do a lot of things wrong I invest in very highrisk early stage companies I love Collectibles which are very volatile cards nfts art things like that I'm self-aware of what I'm trying to accomplish which is I'm trying to maximize Joy not maximize money-making so you have to know who you are so for me I know that yes I have these lofty goals buying the Jets but I feel like I'm going to do that through operating vriends in Vayner X give me that chance and I get joy I wouldn't say it's gambling but it's definitely in between gambling and investing the right way that I like because it makes me happy and you know like I get you know Facebook and Twitter like these Investments I mean it's going to take me a while to lose enough money to offset how big those wins were sure but then you have to know yourself for example here's a weird one like t- bills like if you don't know like do you know that most of the [ __ ] people who are listening should just get five and a half six% of their money yeah great like that didn't exist three four years ago shit's changed money's expensive now so interest rates are up so a lot of people who are sit like I mean all day long people like Gary ve I just got into money my first time I got 200k what do I do I'm like well if you don't know what to do invest in t- bills and get your five points on your money instead of letting sit in Bank with no risk right if you do know what you're doing you know I think certain stocks that kick Dividends are interesting like a Pepsi it's not going away tomorrow and they're kicking you know and that's kicking dividends and then real estate's great like I think if you like it my Dad loved it that's where almost all his investing went into almost none of mine has I'm bored by it like I understand I bought a building and people are paying rent but I'm like I don't know like I don't like it even though it's great and like by the way most of the last generation's billionaires came from Real Estate cuz all the tax laws written so positive real estate's great if you get off on that and then there's alternative [ __ ] like you know what I will say for sure and this is what my number one belief is that it's the cross-section of something you like and something you understand I hate when people invest in [ __ ] they don't understand because someone smart told them please my friends do not invest in [ __ ] you do not understand which is why I like people buy though I don't do it I love people buying stocks of their favorite companies yes if you're about Starbucks and like you do a little reading and you're like they seem normal like the see everything's chill like that's a good investment buy some Starbucks shares like you know the those stock markets a good bet like the stock market will work as long as America's around so that's a very good bet um so that I think it's a game of enjoying it and a game of understanding it I think that's what people should focus on part of my speech I say raise your hand if you think Apple will be here in five years what about Netflix how about Facebook Walmart okay raise your hands again if you shop at Walmart do you buy Netflix you buy Apple do you have Facebook okay if you believe in them that much you'll spend $1,500 on the iPhone why don't you buy 1,500 bucks of stock that's right buy 500 bucks of Walmart you like Walmart buy 500 bucks y I don't have to go put in your life savings go buy a little bit of these things over the course of your life well what people don't understand is how advantageous it is to invest too because they don't know rules I didn't know them I didn't know that if you lost an investment you can write that off against an investment you made money on and play the Arbitrage there so like you know we don't we were not educated on money well which is why I'm glad yeah I get it and so look chat gbt and Google like and YouTube like learn like the demo that I feel is listening to this right now just moves too fast right when they first hit money either in buying something it's okay to reward yourself you listen I grew up with only kids that had nothing I grew up in very lower middle class environments so I get when you finally do something you go to buy crazy car or you know watch and listen let's call a spade 90% time dudes do that to get girls like like I get the human psychology of it all I would just say slow down a second because if you've got 200,000 if you slow down a second just slow down you're more likely to have 2 million because if you go fast you're back to zero right and we all know that every one of us in this motor home know people that got into some money and went to zero straight zero or cuz they were insecure and [ __ ] up it went up their nose right or it went to Vegas or like you know slow it down everybody like life is long like of course have fun like when I talk about like you know this I've for a long time talk about like don't buy all this stuff and a lot most of the people in these circles are mad at me I'm not saying don't buy a Lambo sure I'm not I'm saying don't buy four and and by the way even that's fine do you know why you're buying it yeah like if you like have loved cars your whole life read car magazines like I go into a car there's no enjoyment there's no like I don't like all my friends who like I know genuinely like it like I don't understand like the speed you don't get I don't like that and so for me that's not right if that's right for you then that's amazing but most people buy logos to flex to close gaps of insecurity and so that's what worries me because if you're just into a little money and you decide to buy a Rolex because actually insecure and you're not confident you need that Flex to rub elbows with me or to hit on that girl then you've got other work that you need to do and that money is not going to be well spent it's going to be a short-term high and then you're going to be in like a weird place and so money's a it's an exposure of your truth so anyway back to investing to stay on track [ __ ] you understand I like it

tar Gary taught you a trick a few weeks ago and immediately you got like 600,000 I don't even know the number 600,000 likes or something this makes me so happy this was like two weeks ago and it's like I this feels like very gratifying to me it's like instant validation to giving good strategy it's not even a trick no he like tagged me in sorry he tagged me in the screenshot and he was like look 2. 6 million views 18 million views 12 million views and the it was the same week that you told them it's um you have a lot of valid points and um the way my brain set up you break stuff down really well and understand it you know and um we're algorithm junkies so we try to figure out where what hits what unlocks it what kicks it underpriced attention the Arbitrage the opportunity yes so you kicked off that uh you know front space still photo with the text and then the video that follows y genius yeah it's funny for everybody to give a Clarity Instagram's tougher now supply and demand it's not like it was when we were kicking in 2014 you know like there's more and a lot of the demand went Tik Tok and YouTube shorts but the supply is super up yesterday more people posted on Instagram than ever before czy so it gets harder so you're looking for what I call Strategic organic content like what are the what's the organic content move meaning of course there's ads but what's the respectful proper back to like getting buff right like they're steroids and there's putting in the work and eating protein in those ratios and listen I'm not interested in I know the snakes just all over the [ __ ] place um you know like um and yeah I was pumped at you caught me at a good time cuz it was a revelation for me only 30 days earlier like we're constantly testing we have what I think I do well that I want more people to do well is I have the humility for it to bomb I don't fear somebody coming to Gary V's page and seeing 880,000 views you got 14 like you suck like I'm okay you suck too like what are we talking I don't know tomor right so we take a lot of creative risks most people can't get out of posting the same [ __ ] over and over cuz they need the same results even though it's declining MH so we find shed the one we found on this one was instead of just posting the video which everybody's been doing for a while now first post an image that kind of previews what the video is going to be as a video and so it's a two poost Carousel Image First video second and I'm so happy you're seeing results and the reason I'm saying it out loud here is and you know this about me Dan like I'm weird when it comes to someone who hacks I go from finding it to immed telling everyone like all my best buds are like yo can't you just sit on this for like a month like don't you and I'm like nobody's taking for me like I'm going to get mine regardless and like and I like that PE I it feels nice like it feels nice to be admired when you're helping going to your last part charity feels nice like you know when you don't have anything and then you get money you really like especially in the beginning you're like yo I'm not sure I can give this away you know like I remember being young and hearing like Bill Gates and all those guys were giving away 99% I was like yo that shit's crazy now I understand especially with kids you know you don't want to leave you know leaving kids those characters leaving kids billions of dollars it's actually going to make them unhappy so that's actually my next question yeah you know before we go into charity the biggest charity is intellectual generosity and I know I'm very good at my craft at the top of the game and I'm proud I watch people far less capable than me hold everything to themselves scarcity mindset wanting to pass you or me or you in followers and that's their [ __ ] I don't see it that way I get I looked at someone's account today who I was like whoa and I was like pumped did they're explo like I don't know how to boo right I in football I hate everybody but you know what's so funny actually make I'll

make this point before we get to the last part do you know that being a Jets fan this is real talk actually makes me understand people meaning in real life I have this almost borderline delusional though I know it's fully grounded in practicality optimism I have no Envy I have no jealousy I have no anger I have no Darkness I really don't it's kind of scary it's a [ __ ] blessing but in football I have all that I'm jealous of patriot fanss I'm sad that we didn't get Patrick Mahomes when we could have drafted him and it's all this resem it's 40 Years of pain right and it lashes out like I'm not I'm like really scared somebody's going to fil me at a Jets game one day it's going to ruin the whole [ __ ] the whole nice image is finished I'm not nice and the people are listening I'm really not I like there's like some inside jokes with my friends like I once yelled at this 80-year-old man it was really inappropriate like I yell at kids like I'm on tilt I feel that pain I feel that anger like I wanted like Taylor Swift was sitting right above me at the Jets Chiefs game like I was mad at that box I like adore Ryan Reynolds but he was there I was like [ __ ] you Ryan like but like for real though and he's the [ __ ] best but for those 3 hours I wanted to rip his face off and it's a pretty face like so like I'm like man that's how people feel in real life I treat Jets football but that's a silly thing that's football that's Entertainment that's escapism people treat [ __ ] like that in real life the world is trying to make us more tribal which makes us hate us each other more I'm kind of very team human like color skin race gender religion like I'm I struggle with that [ __ ] I don't want to hate anybody why especially when I don't know you like and if I know you and you're a bad person I don't hate you I feel bad for you I have compassion I have empathy so anyway I think about that [ __ ] so two parts on the charity

side of yes one you mentioned Gary ve is Gonna Keep building companies we got like 2,500 employees forer media and all that stuff and all these Investments like you end up becoming a multi multi-billionaire and who knows maybe even crazier more what happens for the kids I don't know the truth is I don't know meaning I definitely as I've done started doing Estate Planning in the last decade am not where I thought I was going to be 10 years ago meaning I do feel uncomfortable leaving tons of money for to children I think it's a little scary of course I really do but then you're especially from an immigrant like where I'm from like it's real family BL out so then you get into like you know is that it's a very complex thing here's what I would say a couple things real talk everyone you earned it you decide don't let me someone this whole like judging each other's [ __ ] like first just tune out everyone you earned it you want to burn give it to dolphins not the Miami Dolphins animals right you want to give all of it just to your kid and not a dollar to charity masle T this is you know to me I really think that people are I think we're really bad at judging and I think we need to be accountable so T directly I'm not sure I definitely have come to realize especially if I'm keep on this trajectory look my point of view is this do you know what it's like to get a million dollars right that's insane yeah like if I had that like at 18 I would have been like it would have been over I might have the Jets and the Nicks by that so if your kids are capable they're not going to need a whole lot plus it's for a lot of kids it [ __ ] them up I've met a lot of rich kids now cuz of my life the last 15 years man I'm not sure who's worse like I actually genuinely believe if you could be born with little but have a happy house or born with a lot and have an unhappy house that's not even a fight but I think it's even scarier I think if you're if you've got a lot and you're in a happy house and you got a little the little and Happy House person won because they've been taught from the get that money doesn't buy happiness whereas the rich kid might not know they might just think well we're happy because we got a driver and a private plane and so the answer is I don't know the answer is I'm sure it will EB and flow the other thing I don't know is when am I going what's happening in my life uh let me talk about things that people don't talk enough about let me give you a scenario while people are listening and judging what if one of my grandchildren is Special Needs yeah you know like I don't think we do enough of this yeah like I do you know real talk why I don't judge anyone like really like actually I just don't know what the [ __ ] going on in her life I'm watching everybody walk around the internet and Society just throwing nothing but judgment I wish we th like you know people like [ __ ] this guy he throws shade shade's easy judgment's crazy telling people what they should be doing you know nothing you should post about this do you know that if person posted about that they have death threats you should do this with your money okay well like I don't understand so you know I think for me I I don't feel I mean I have a will and it it's split up at this point to kids and charity but I may change it and like cuz things will change and we'll see but I do let me say one thing charity most of my life so I would say 97 cents on the dollar of everything I've done in my life has been incredibly private because I think that's how I was taught like you know it's funny like probably one of the reasons I don't flex a lot is the same reason I don't really make a lot of my charity work public I think there's something in the way that my parents saw the world that became my framework right it's like you keep quiet in some ways I think I but I don't judge I you know let me phrase I think there was a time a decade ago that I was a little cynical to people that were overly loud about donating you know my Jersey Street [ __ ] radar would go off but I've come to realize like I don't want to be a judger either and you now if you know like okay they're using that as a disguise for the bad [ __ ] that happens but there are just other people that like get real pride in that and more importantly they're motivating others to do it and so that's my yeah I mean I think very public but I don't say amounts I say I show them how they can do TR yeah and honestly even like amounts like you know I think it goes I've started to change my point of view on that this is what's fun about let me say something real quick to the kids which by the way is everyone if a 99 year old Grandma's watching you're a kid um you get to change your mind right you like that one right I love it right cuz you've changed your mind on [ __ ] I've Chang my like you get to change your mind and soar I'm glad I'm so happy kids have like by the way maybe if I was 14 and listening to this podcast maybe I wouldn't have had that point of view as a 20 and 30y old about charity right and maybe I did leave an opportunity to bring awareness to charity water and pencils of promise and the cronn and& kidus foundation and reform maybe I've left too much attention on the table by maybe having too much pride and the humility in the class that comes along with not flexing it you know like so it's I mean this to everybody like give yourself the grace to change your mind I want people the reason I post about toy drives and tipping dinners and homeless backpacks is so people can replicate it and thousands thousands people replicate it and so when you talk about I even heard about pencil the promise because you yeah you weren't posting about it but I just heard about it and then all of a sudden I became obsessed with it because of that and that was a fun one for me cuz I was bad student and I'm a famously bad student but I think about friction in Ghana it's not like America with the education system where we all go and it doesn't work for half of us cuz we are creative or entrepreneurial when you look at the math that if you build a school in one of those places like what the trajectory of that people here talk about generational wealth they you put a school it's generational wealth they go from living a life of a dollar a day to like [ __ ] in Haiti it's a dollar a day right people living on yeah bro we're lost out here wored about all sorts of dumb [ __ ] we grew up thinking it's rude to talk about money obviously here at the podcast we think it's rude to not talk about money because we need your friends family and followers to know about taxes salary loans rent how to make money invest money save money 401ks and everything between we just need to have these discussions so talk to your friends family followers about money ask questions research it by the way real

quick on that chat GPT everyone you know Google's Google changed the world chat GPT you can ask that bot very specific questions hey I'm a plumber y I make 39,000 a year I get to save $1,000 a year what should I do enter you would be blown away what AI can do you can be very spec can't do that on Google hey I have $18,000 in debt from this credit card company I'm paying 7. 3 like get start using AI for your advantage not something you heard about or demonize or don't understand don't understand is unacceptable right I don't get it okay Google it YouTube it if you're like me and can't read for [ __ ] and listen like so you know for a lot of people wanting to learn about money could you imagine having real inform like could you imagine sitting down with somebody that knew most things that's awesome isn't that a cool way to think about like imagine sitting down with [ __ ] Yoda getting all the answers is no try just literally type in [ __ ] be super specific you'll learn how to start using AI which may change your trajectory and you can start answering [ __ ] for yourself