Fresh & Fit - Money Monday Call-In Show w- Steve From Accounting

00:22:38.000 And we are live.

00:22:39.000 What's up, guys?

00:22:39.000 Welcome to Fresher Podcast, man.

00:22:40.000 We're here with Steve from Accounting.

00:22:41.000 Money Monday.

00:22:42.000 Let's get into it.

00:22:42.000 Let's go.

00:23:33.000 We're back.

00:23:34.000 What's up, guys?

00:23:34.000 Welcome to Fresh Podcast, man.

00:23:36.000 Regular edition.

00:23:36.000 We're here with Steve from Accounting, a.k.a.

00:23:38.000 Money Monday.

00:23:39.000 Man, it's about to be tax season very soon, so we brought the expert in the house.

00:23:42.000 Steve, welcome to the show, man.

00:23:43.000 Welcome back.

00:23:44.000 Appreciate it.

00:23:44.000 Thanks for having me back.

00:23:45.000 Yeah, it's always good.

00:23:46.000 It's always good.

00:23:46.000 Yeah, and it's actually tax season now.

00:23:48.000 We're in the thick of it right now.

00:23:50.000 And you say this, bro.

00:23:51.000 I want to say a bunch of money ourselves, other clients.

00:23:54.000 You're the guy, bro.

00:23:55.000 So thank you.

00:23:55.000 Yeah, you guys got in early, and we did a lot of planning right in the beginning, and it worked out.

00:24:02.000 So I guess for most people, they want to know, okay, for taxes, how do I legally...

00:24:07.000 Well, we should have him introduce himself first, right?

00:24:08.000 Well, that's true.

00:24:09.000 Yeah, yeah.

00:24:09.000 Good, good.

00:24:09.000 For those that might not be familiar with you, man, can you introduce yourself to the people?

00:24:12.000 Yeah, we know who you are.

00:24:13.000 Absolutely, yeah.

00:24:14.000 So I'm Steve from accounting, they call me.

00:24:15.000 So I'm a CPA of over 25 years.

00:24:18.000 I practice in the west coast of Florida, Sarasota, and Bradenton.

00:24:23.000 I got a couple practices there.

00:24:25.000 And yeah, so I've had a health...

00:24:29.000 Imaging company for about seven years in Florida, and then I sold that back in 13, and then I just went full-time doing the CPA stuff.

00:24:37.000 Yeah, and you specialize in working with entrepreneurs, business owners, real estate investors, pretty much right?

00:24:45.000 Yeah, yeah.

00:24:45.000 I run the gamut.

00:24:46.000 I have small business owners, a lot of real estate guys, a ton, high net worth individuals.

00:24:51.000 Nice. Okay.

00:24:53.000 Anything else for us before we get into it, man?

00:24:55.000 Last time you were on the show, Well, actually, probably the first or second time.

00:25:00.000 You brought up something that happened in the past with family.

00:25:04.000 You want to get an update on that or not really?

00:25:06.000 Yeah, so, I mean, we're still dealing with that in the past couple years.

00:25:10.000 That's why I've been off of social media.

00:25:12.000 I had Patreon.

00:25:12.000 I had a bunch of guys that were following me on that for a while.

00:25:17.000 So, yeah, my brother and I have been putting a lot of work into that over the past year and a half now.

00:25:25.000 So, things are getting ready to kick off.

00:25:27.000 I can't say, you know, too much about that right now because we're in litigation right now.

00:25:30.000 Not only criminally, but civilly as well.

00:25:33.000 But, yeah, so I appreciate you, you know, talking about that.

00:25:36.000 But, yeah, it's been, you know, I had a tragedy.

00:25:38.000 My son was 22 years old.

00:25:40.000 Woke up one morning.

00:25:41.000 He was just walking, doing his morning routine.

00:25:44.000 He used to do, like, 10-minute walks.

00:25:46.000 He followed this guy called Stan Efferton.

00:25:49.000 And, you know, he was a gifted athlete.

00:25:51.000 You know, getting almost ready to...

00:25:53.000 He was throwing in the mid-90s at 17. It was like 93, 94 miles an hour.

00:25:57.000 A lot of teams were looking at him, getting a lot of questionnaires.

00:26:00.000 And 22 years old, somebody just walked up to him, shot him in the stomach for no reason at all.

00:26:06.000 Yeah. Our condolences, Stephen.

00:26:09.000 Obviously, thank you for making the time to come out.

00:26:12.000 Yeah. And Steve has been dealing with this for a while.

00:26:15.000 Yeah, this is back from 2022.

00:26:17.000 Giving value, so thank you for being here still, Steve.

00:26:19.000 I appreciate it.

00:26:20.000 Still making things happen.

00:26:21.000 And I think a big part of what you're doing is for your son, because he's the one I got you on the internet, right?

00:26:26.000 Yeah, so I started this group because you guys help young men try to level up, and that was kind of like the whole purpose of what I was doing, just trying to get a bunch of young guys to come in, and they want to learn how to...

00:26:38.000 Do startups properly.

00:26:40.000 Get structure properly.

00:26:41.000 You know, just general business advice and general life advice as well.

00:26:44.000 Just forming like a guys group.

00:26:45.000 So we had that going for a while and then kind of things really ramped up on the criminal case of, you know, dealing with my son.

00:26:52.000 So kind of got sidetracked, but I'm trying to pick that up now.

00:26:56.000 Yeah. No, I mean, you know, because I know you guys had like worked together before with the internet stuff and he was helping you out.

00:27:04.000 But yeah, our deepest condolences.

00:27:07.000 So I guess, what's new with you, man?

00:27:08.000 I guess besides that, what else has been going on?

00:27:10.000 Because I know you've been working really hard with helping guys with crypto.

00:27:13.000 You're one of the few accountants that deals with people on crypto. 0.93

00:27:16.000 Not many accountants even touch that because of obviously how new it is and how people might say, oh shit, this is very volatile.

00:27:24.000 But what's new with you in general? 0.72

00:27:26.000 So, you know, just basically putting my head down, you know, after almost two years of trying to deal with my son's case and trying to keep my, you know, everything with the business going, I was dealing with the guys, you know, Charlie and Miguel was dealing with them for like a few quarters.

00:27:40.000 They had those courses that they're doing.

00:27:42.000 I think they're still doing them.

00:27:43.000 Yeah. They were on your show, guys, you know, I think like last month or something.

00:27:46.000 Yeah. Yeah.

00:27:47.000 And so basically, you know, I was teaching in there.

00:27:50.000 I was doing a few tax segments in their courses.

00:27:54.000 As well, and then, you know, just basically the market kind of cooled off.

00:27:58.000 You know, 2023, 2024 wasn't too crazy with crypto.

00:28:02.000 Kind of cooled off a little bit.

00:28:03.000 Until Trump came back in.

00:28:04.000 Now Trump's back in.

00:28:06.000 Trump's a big crypto guy.

00:28:07.000 A proponent's going to do the Bitcoin reserve and, you know, Ethereum and Ripple and everything.

00:28:11.000 So I think, you know, this year is going to be- Can you explain to the audience what that means for the future of, like, taxes and- So now, so, you know, on the way over, I was kind of updating myself on the- The IRS and what they're doing is the Operation Hidden Treasure.

00:28:26.000 So Operation Hidden Treasure basically started in 2022.

00:28:29.000 And what the IRS is doing, because a lot of these guys, they're kind of like, they go against the grain.

00:28:33.000 They're not like, they're trying to develop a monetary way of exchanging goods and services.

00:28:41.000 It's called crypto.

00:28:42.000 It's basically, it's hidden.

00:28:43.000 So you don't know who the owner of that crypto is.

00:28:45.000 And you do these transactions on chain.

00:28:53.000 Operation Hidden Treasure, which I've talked about that in the past.

00:28:56.000 But since then, I think they've audited a few thousand people.

00:29:02.000 They've recovered maybe like $12 million in people that didn't report their gains.

00:29:08.000 But what they're doing is they're doing a ton of on-chain analysis.

00:29:11.000 So they have tools.

00:29:12.000 They have AI that are implementing.

00:29:13.000 They're training people on trying to track down where the...

00:29:18.000 Basically, people who are not complying with crypto and reporting it every year.

00:29:23.000 It's going to get basically more sophisticated, and they're going to have better tools to track these people.

00:29:30.000 So they're going after the big fish now.

00:29:32.000 They're kind of just data collecting right now, so I think a lot of these people right now, they're thinking, you know, I didn't report my crypto for the past two or three years, and essentially...

00:29:41.000 And this is obviously only when they took it out, right?

00:29:45.000 So what do you mean?

00:29:46.000 When they off-board?

00:29:48.000 No, it's just when you're flipping crypto on an exchange.

00:29:51.000 If I flip Ethereum for Ripple, there's a cost basis to when I bought that Ethereum.

00:29:57.000 And there's a, you know, the price of when I sold it and traded it for the, let's say, Ripple.

00:30:02.000 So that is a taxable event?

00:30:03.000 Anytime you're floating coins, it's a taxable event, yeah.

00:30:07.000 So you're telling me all the guys went to Puerto Rico to kind of like just avoid all this stuff?

00:30:11.000 Well, those guys are good because, you know, if they did it, if they started their crypto portfolios, you know, after they got to the island and then they became a resident of the Puerto Rico, then all their gains basically are, you know, tax-free.

00:30:26.000 Wow. Yeah.

00:30:27.000 So, I mean, that's huge.

00:30:28.000 And that's one of the things in Puerto Rico that's very attractive that the economy, the government there did to attract a lot of investment and stuff like that.

00:30:35.000 But the problem with that is now you have these people coming in with a lot of money and they're buying up the real estate there and they're driving up the prices, similar to what they did in Florida with COVID.

00:30:45.000 Yeah. Which you guys can attest to.

00:30:48.000 But yeah, so that's becoming now a problem where a lot of people now on the island that are native there, that were born there and maybe their family's been there for generations, are now leaving there and come to the States because there's not a lot of economic opportunity.

00:31:02.000 The real estate there is too high for them now.

00:31:04.000 So there's that part of it.

00:31:08.000 So it's kind of like a touchy issue there.

00:31:11.000 What about guys that made the money or crypto wallets here in America?

00:31:14.000 And they want to move to Puerto Rico after the fact.

00:31:16.000 So what happens is now the date that you move and you become a resident of Puerto Rico, then now you have to basically, that crypt that you had in the States prior to that is going to be subject to the U.S. jurisdiction for taxes.

00:31:29.000 Oh, wow.

00:31:30.000 Yeah. Okay.

00:31:31.000 So Trump's in office now.

00:31:33.000 Things are looking better for most people.

00:31:35.000 Wink, wink.

00:31:36.000 Let's say the future tariffs, taxes.

00:31:40.000 Even business owners.

00:31:41.000 Is that a good thing for us moving forward with taxes?

00:31:44.000 Yeah, so I was going to tell you, we're going to talk about, so the IRS, Trump is talking about abolishing the IRS, right?

00:31:51.000 So now we're talking about, now we have things as the government has to, you know, fund every year, right?

00:31:57.000 We have to fund Medicare, we have to fund Social Security, Medicaid, defense spending.

00:32:03.000 All of that stuff had to be funded by revenue from the Internal Revenue Service.

00:32:08.000 So taxes, 50% of the income that the government makes to fund this comes from individual people like you and I, that when we report our taxes, basically $1.5 trillion of that is collected through individuals.

00:32:23.000 And there's like our 1.2, I think, is from like...

00:32:28.000 From like payroll taxes.

00:32:30.000 So like, you know, everybody says, oh, companies don't pay corporates, you know, corporations don't pay taxes.

00:32:34.000 They do, actually, because they're hiring people and they pay people W-2 wages and then they have to kick in taxes.

00:32:42.000 So, you know, there's called the employer portion and the employee portion of taxes for payroll.

00:32:47.000 So the corporations have to kick in employment taxes.

00:32:51.000 So basically that takes care of about $3 trillion.

00:32:55.000 And then, you know, there's tariffs is only like, I think, maybe $300 billion.

00:33:00.000 Tariffs only collect like maybe $300 billion.

00:33:03.000 So it's only like 2% across the board.

00:33:05.000 So basically, you would have to increase tariffs on all goods coming into the United States to close to about 60%.

00:33:13.000 To make up the difference if you abolish the IRS and got rid of all the revenue that the IRS is collecting every year.

00:33:20.000 So that means what?

00:33:21.000 You know, you're going to basically, Walmart becomes Whole Foods.

00:33:24.000 Well, yeah, you know, it's like Walmart's Whole Foods overnight.

00:33:28.000 Yeah. So everything's going to be expensive.

00:33:31.000 So we're dealing with that, and then essentially, you know, I think it's kind of like a...

00:33:40.000 He's using it more of a strategy to deal with other countries to get us a better deal, basically, in trade, right?

00:33:47.000 And to incentivize business owners here to not import stuff.

00:33:51.000 Correct, correct.

00:33:52.000 Because a lot of Democrats criticize the tariffs and like, hey, this actually is going to lead to more inflation, but the purpose is for it to stave off people importing stuff, which, yes, they're going to pass that price.

00:34:09.000 And then, you know, also, we got, what, Apple coming in.

00:34:15.000 We got the chip maker, the biggest company that makes the chips.

00:34:21.000 Chips, yeah.

00:34:21.000 And Taiwan's coming.

00:34:22.000 They're doing, like, what, $600 billion, I think?

00:34:25.000 Japan committed to $1 trillion.

00:34:28.000 To invest in the United States for manufacturing.

00:34:31.000 Apple, we said it was $500 billion, and then there's a couple, you know, so I think they said total is like $3 trillion right now of investment of companies coming in so they can avoid the tariffs.

00:34:40.000 And, you know, it's basically, and then they're going to get...

00:34:42.000 So that's good.

00:34:44.000 Correct. And then they're also going to get better tax. 0.63

00:34:46.000 If you look at the tariffs itself, like, yeah, it sucks, but people don't understand all the positives that come from it.

00:34:50.000 It's a domino effect.

00:34:51.000 Right. You know, we got to run the country like a business.

00:34:53.000 That's why, you know, I appreciate the way it's being handled.

00:34:56.000 And you got, you know, you got like Elon Musk and, you know, you can say what you want about him, but, you know, they're running it like a business.

00:35:02.000 And that's the way the government should be.

00:35:04.000 Yeah. Getting rid of bloat and everything else.

00:35:05.000 Yeah. That's chronic of the government.

00:35:08.000 Yeah, because we got a $2 trillion, you know, dollar deficit every year.

00:35:12.000 Just the interest payments that the government pays every year is...

00:35:17.000 900 billion dollars, basically a trillion dollars every year, just in interest-only payments.

00:35:22.000 That's crazy.

00:35:23.000 You know, we're spending six and a half trillion.

00:35:25.000 One trillion of that is interest.

00:35:29.000 I mean, if you ran your household like that, I mean...

00:35:33.000 Cooked. Yeah, no business would be in business if they ran it like that.

00:35:36.000 It's just ridiculous.

00:35:37.000 You're bringing in $4.5 trillion, and then you're spending $6.5 trillion. 1.00

00:35:41.000 But the government doesn't have to be efficient, and that's why they've been able to do this dumb shit for so long. 0.98

00:35:45.000 And also, you know where the money's going. 0.99

00:35:49.000 Yeah, where's that?

00:35:52.000 Oh, it's going to Israel.

00:35:53.000 We know that.

00:35:54.000 It's going to wars, man.

00:35:55.000 We know a lot of it is going to Israel.

00:35:56.000 Yeah, man.

00:35:57.000 And Ukraine.

00:35:58.000 And Ukraine and everywhere else.

00:35:59.000 Yeah. But not here.

00:36:01.000 So guys, the number of calls to the show, you get a chance to talk to Steve.

00:36:07.000 Our account is 646-490-0394.

00:36:10.000 Again, that number is 646-490.

00:36:12.000 0394. Is there anything else that you wanted to talk about as far as, like, things coming up?

00:36:16.000 Well, the big thing to mention right now is, so not many people know this, so I'm just going to say it's the 2017 tax, the Jobs Tax Act cut.

00:36:28.000 Basically... Lowered taxes across the board on a lot of areas, in the standard deduction, in the tax rates, basically like 2% across the board.

00:36:35.000 Even the amount of income, because we have a graduated tax system, so even the highest level of tax right now, the 37% tax rate doesn't kick in until you make over $600,000, right?

00:36:49.000 So if this year those all...

00:36:53.000 Expire. It's called sunset.

00:36:55.000 They sunset in 2025.

00:36:56.000 So right now, you know, I think Trump, the administration, is trying to get those renewed because basically it's going to raise everybody's taxes about 2.5% across the board.

00:37:06.000 Basically, the level of income is going to go down to like, you know, once you make over $400,000, you're going to get killed.

00:37:13.000 You know, that's what we had prior to 2017.

00:37:16.000 So anything over $400,000, which puts you typically in the top 1% or top...

00:37:19.000 I think $500,000 is the top 1%, but either way, you'll be in the top 2% with $400,000 a year.

00:37:23.000 So you're going to pretty much get killed at that point.

00:37:25.000 Would it be fair to say, Steve, once you start making $400,000 a year or more, you need to start really seriously looking at real estate to kind of cut back on that tax liability?

00:37:35.000 Yeah, we talked about this before.

00:37:37.000 I think real estate is probably of my client base, if I take a demographic of it.

00:37:43.000 And we know this to be a true fact.

00:37:45.000 They're the most wealthy.

00:37:46.000 They're the ones towards the end when they're done working, whatever.

00:37:50.000 Cash out properties.

00:37:51.000 They have money that they can liquidate that and live off of it, basically.

00:37:55.000 Even the rental income, if they still have those properties, they're maintaining them or they have somebody running it for them.

00:38:00.000 Because it's not always easy to run rental properties.

00:38:03.000 So you've got people managing it for you.

00:38:05.000 But if you had to do that and do this at the same time, you'd go crazy.

00:38:08.000 Yeah. No, I would never be able to do it.

00:38:09.000 I mean, technically, you've still got to take up phone calls.

00:38:11.000 Because they're going to ask questions.

00:38:13.000 What if you've got property overseas?

00:38:15.000 Like, let's say, Colombia, I don't know, Brazil.

00:38:19.000 Would that factor in taxes you've got to pay to as well as a U.S. citizen?

00:38:22.000 So basically, that property would be in the jurisdiction of wherever it's at.

00:38:25.000 And every country has slightly different tax nuances to it.

00:38:30.000 But, you know, the U.S. is one of only two countries that taxes you on your worldwide income.

00:38:36.000 So it's a potential possibility that you would have to report that here, but then you would get what's called a tax credit.

00:38:41.000 So let's say you had a property in Colombia and you paid, you know, you reported it in Colombia, you had rental income, and, you know, you reported everything on that property in Colombia, right?

00:38:51.000 And you paid your taxes in Colombia.

00:38:53.000 Whatever that amount is that you paid in Colombia, you get credit for here.

00:38:58.000 So you would let the IRS know when you report here that, yeah, you have this maybe foreign bank account, foreign asset, but you paid the Colombian jurisdiction their fair share, whatever it was, and then you get a credit here.

00:39:14.000 You'll do the exchange rate, basically, and then you'll get a credit on your 1040 here and your tax return for paying that foreign taxes.

00:39:23.000 It's called a foreign tax credit.

00:39:25.000 About it all.

00:39:25.000 Yeah. Cool.

00:39:27.000 Alright, we got the phone lines up.

00:39:30.000 Yep, 646-490-0394.

00:39:32.000 Guys, it's a great chance to get.

00:39:34.000 You got Steve on the line.

00:39:35.000 You can ask him all your tax questions.

00:39:36.000 By the way, he's not cheap, by the way, at all.

00:39:38.000 Yeah. As a favorite to us.

00:39:40.000 Yeah, I'll be able to talk to him.

00:39:41.000 Yeah. Matter of fact, we should bring Steve on on Wednesday when we do our Zoom call.

00:39:45.000 Well, you guys were talking about doing a show.

00:39:47.000 A bunch of guys have been asking about how to become an accountant, how to become a CPA. 1.00

00:39:51.000 Oh, shit! 0.98

00:39:52.000 That was one that we had talked about before, and I said, yeah, I'd love to. 1.00

00:39:54.000 I could give everybody the education.

00:39:56.000 We should do that, actually, because that's a career field that people probably need to...

00:39:59.000 We'll do it on a Zoom call.

00:40:00.000 We'll do it on a Zoom call.

00:40:01.000 We could do a preface here a little bit, if you guys don't have questions.

00:40:05.000 Yeah, we can.

00:40:06.000 Yeah, basically.

00:40:07.000 Because then you can go all the way in.

00:40:08.000 Yeah, absolutely.

00:40:09.000 How much time do you think you need to...

00:40:10.000 Should we dedicate an episode to it, or do you want to do it today?

00:40:12.000 It's up to you.

00:40:13.000 We could try to answer as much today.

00:40:15.000 Okay. All right.

00:40:16.000 Guys, get your questions.

00:40:17.000 You've got a CPA here.

00:40:19.000 Not only is he a CPA, but he runs his own CPA business.

00:40:22.000 So wealth of knowledge on the tax code.

00:40:25.000 Once again, we make available to you guys our resources.

00:40:29.000 You guys talk to our real estate guys, our accountants, et cetera, lawyers.

00:40:32.000 So we got y'all ninjas.

00:40:34.000 Yep. All right.

00:40:34.000 Let's go ahead and get somebody on the line.

00:40:37.000 646-490-03.

00:40:40.000 Again, that number is 646-490-490-0394.

00:40:44.000 And just so you guys know, as usual, if you super chat in, you can skip the line.

00:40:47.000 Put the last four digits of your number.

00:40:48.000 Moe's screening of the calls.

00:40:50.000 You can see them all coming in.

00:40:51.000 So, uh...

00:40:53.000 Yes. Go ahead, Moe.

00:40:54.000 Take it away.

00:40:55.000 5457, you are up.

00:40:57.000 5457, you are up.

00:41:02.000 He left.

00:41:03.000 Alright. Who's up next?

00:41:05.000 I like the chat.

00:41:07.000 Scroll down on that one.

00:41:08.000 It says, do you get credit for prostitutes in Colombia? 0.99

00:41:11.000 What the heck? 1.00

00:41:12.000 These guys are crazy. 1.00

00:41:14.000 Yo. Insane. 1.00

00:41:16.000 That is funny.

00:41:18.000 Do you, though?

00:41:21.000 It's not a business write-off, right?

00:41:23.000 You gotta get pretty creative.

00:41:25.000 Fresh, why are you curious?

00:41:26.000 No, because some guys actually do that for a living, though.

00:41:28.000 You'd be surprised.

00:41:29.000 They spent two months, three months here, and they go over there to, like, have fun after.

00:41:33.000 Yeah, I got a few clients that do that, yeah.

00:41:34.000 Yeah, but how do you write that off, though?

00:41:35.000 That's true.

00:41:36.000 This is a business expense.

00:41:40.000 The Columbia is so overrated, bro.

00:41:42.000 They're doing research.

00:41:42.000 Columbia is so overrated, man.

00:41:44.000 Fresh is not lying.

00:41:45.000 No, I know niggas that do that. 1.00

00:41:46.000 You've been to Columbia, right?

00:41:47.000 Yeah, back in the day though.

00:41:48.000 Now it is.

00:41:49.000 You know what it is, bro?

00:41:50.000 The secret's out.

00:41:52.000 It's saturated now.

00:41:53.000 Niggas from all over there, it's not the same. 1.00

00:41:55.000 Yeah. Alright, we have 5875.

00:41:58.000 You're up.

00:42:00.000 5875. Yo, what's up?

00:42:08.000 Alright, so this question isn't necessarily for anybody in particular.

00:42:12.000 You guys can answer.

00:42:14.000 But my question basically is...

00:42:18.000 I'm going to be 21 in like a month.

00:42:22.000 And like, I make $14 an hour.

00:42:26.000 And when I don't have the car, my brother uses the car to like work his job.

00:42:31.000 So basically my question right now is what could I do to like make more money or get out of the Matrix USA?

00:42:38.000 Okay. $14 an hour.

00:42:40.000 What do you do for work?

00:42:42.000 Your brother's car.

00:42:44.000 I work at...

00:42:46.000 Walmart? Yeah.

00:42:49.000 How old are you?

00:42:53.000 Are you in college or in trade school or anything?

00:42:58.000 Nah, I dropped out of community college.

00:43:01.000 Do you work full-time?

00:43:04.000 No, I work part-time.

00:43:06.000 Oh, you got to get a full-time job.

00:43:07.000 Start there.

00:43:09.000 Yeah, you got to get a full-time job and then you're going to need a car, so you're going to have to figure that out.

00:43:14.000 Agreed. Step one.

00:43:17.000 You need to up your hours, bro.

00:43:18.000 And then if you can, get another job so that you can save up and get a car.

00:43:23.000 And then Fresh could definitely help you as far as getting a car.

00:43:25.000 What would you recommend from?

00:43:27.000 Well, do you have any goals, bro, at all?

00:43:29.000 For yourself, man?

00:43:30.000 Because, I mean, at 22, 21...

00:43:34.000 Once I figure out what I really want to do in life, my goal is to invest my money into all different sorts of things, like real estate.

00:43:44.000 Nice. Real estate, like Bitcoin, things like that you guys talk about on your guys' show.

00:43:52.000 Yeah, good stuff, man.

00:43:54.000 Alright, well, as far as the car goes, man, I would recommend you getting something reasonable you can afford and pay off pretty quickly.

00:44:00.000 I remember back in the day, I had a 2002 Camry, 120,000 miles on it, and I got it for $4,000.

00:44:07.000 I put $2,000 down, and within that year, I paid $2,000 off.

00:44:11.000 My credit score went all the way up, bro.

00:44:13.000 It was crazy.

00:44:14.000 Something smaller.

00:44:16.000 You want to hear a true story?

00:44:18.000 Okay, I used to drive.

00:44:19.000 There you go.

00:44:20.000 I drove a Chevette, alright?

00:44:21.000 I got kicked out of my house at 17, alright? 1.00

00:44:23.000 I was sleeping in my- Damn! 0.99

00:44:25.000 For what? 0.99

00:44:26.000 It's just my parents were very strict.

00:44:27.000 I was breaking curfew.

00:44:29.000 They caught me jumping on my roof and trying to climb in the window.

00:44:32.000 And I was just hanging out.

00:44:34.000 They wanted me home at 11, 11.30, not even midnight.

00:44:37.000 I was like 17 years old.

00:44:38.000 I was hanging out until like 1, 2 o'clock in the morning.

00:44:39.000 And Puerto Ricans don't play, man. 1.00

00:44:41.000 They don't play. 0.99

00:44:42.000 Mommy, papi don't play. 1.00

00:44:43.000 So they threw all my shit out, whatever. 0.99

00:44:45.000 So anyway, long story short, I got a car for 300 bucks. 0.98

00:44:48.000 I mean, in today's terms, whatever.

00:44:49.000 But that car, I used to have to put a hanger in the windshield to keep it up.

00:44:54.000 And it was cold in New York.

00:44:55.000 I tell you, that thing would drop me and it would fall.

00:44:58.000 You'd get all the cold air in.

00:45:00.000 And then I didn't even have the money to get it registered.

00:45:04.000 And what I did, I went to an apartment complex.

00:45:07.000 I wouldn't suggest doing this.

00:45:08.000 And I took two license plates off from another car and put it on my plate just to drive it around so I had license plates.

00:45:14.000 And I did that for a few months until I had enough money to get the registration. 0.99

00:45:17.000 And my dumb ass went back to that apartment complex to return the license plates. 0.99

00:45:21.000 And obviously, you know, the people figured they had to get new license plates. 1.00

00:45:25.000 Wow. I'm not saying to do that, no.

00:45:28.000 But I'm saying, like...

00:45:29.000 I have $4,000.

00:45:31.000 Listen, I've been where you're at.

00:45:33.000 You just got to work.

00:45:33.000 I went to school full-time, and I worked full-time.

00:45:37.000 And you just got to grind.

00:45:38.000 And I said to myself, listen, the pain of what I got to do in the next three to four or five years is going to be a lot better.

00:45:45.000 It's going to pay off for me. 0.97

00:45:46.000 Because I used to look at people in my job that were like 30, 40, and they were miserable, making shit money, getting nowhere. 0.99

00:45:53.000 They had no education. 0.97

00:45:54.000 And I said, I'm just going to focus my attention on doing that and putting in the work now so it pays off later versus me struggling the rest of my life until I'm 30 and 40. So just grind, man.

00:46:08.000 You've got to go through the pain.

00:46:10.000 Look, this is some good advice from Steve.

00:46:12.000 It's simple, bro.

00:46:13.000 Write your goals down on either a dry erase board or a notebook in your room.

00:46:18.000 Every morning before you go to work, read your goals out.

00:46:21.000 Put it in your mind and then focus on that.

00:46:23.000 You go to work every day, not to stay there, but to become better and try to find a way out.

00:46:28.000 And thirdly, of course, with a car, get a cheap car you can afford, put like maybe $500 to $1,000 down on the car, pay it off within that year, boost your score up, and a Toyota, Camry, a Honda Civic, something simple you can afford that's not too expensive.

00:46:42.000 And like a 20 what?

00:46:44.000 2025. Sorry, no.

00:46:46.000 2012. Yeah, nothing fancy.

00:46:48.000 Just something to get you from here to there.

00:46:49.000 That's all you need.

00:46:50.000 You need a set of wheels to get you here and there.

00:46:54.000 Listen, bro.

00:46:55.000 $14 an hour, it sucks, but you've got to start somewhere. 0.96

00:46:57.000 So don't look at it as a bad thing.

00:46:59.000 But full-time.

00:47:00.000 If you can go full-time, go full-time if they're offering it.

00:47:03.000 At least, bro.

00:47:05.000 But get the car situation figured out.

00:47:06.000 Just try to find something cheap.

00:47:07.000 You got it, man.

00:47:08.000 You got this, bro.

00:47:10.000 Yeah, I would say just whatever you do, try to get a car where the payment is low or you own it outright, man.

00:47:14.000 Car payments are a scam.

00:47:16.000 Yeah, and plus, if you have no credit, they're going to kill you on the rate, and the rates are high right now.

00:47:20.000 Well, this is the good part.

00:47:21.000 If you get the car...

00:47:22.000 I have a decent credit score, I would say, but I've only been bidding credit for like a year, though.

00:47:26.000 Nah, nigga, what's credit score, bro? 1.00

00:47:27.000 You said decent.

00:47:29.000 Uh, 7-11.

00:47:30.000 That's not bad.

00:47:31.000 Are you Indian?

00:47:34.000 What? Never mind.

00:47:35.000 Alright, cool, bro.

00:47:36.000 Listen. I'm black, nigga. 0.99

00:47:38.000 I'm black. 0.99

00:47:38.000 We need that 780, bro. 0.99

00:47:41.000 So listen.

00:47:41.000 I'm telling you right now, bro.

00:47:42.000 Here's the sauce.

00:47:43.000 You get a car you can pay off in full.

00:47:44.000 You say you got 4K to your name.

00:47:46.000 Get a car for like 2, 3K max.

00:47:48.000 Oh, in credit.

00:47:49.000 In credit.

00:47:50.000 I meant in credit. 0.97

00:47:51.000 I understand, nigga. 1.00

00:47:53.000 You put 1K down. 0.95

00:47:54.000 Right? You only owe like 2K left.

00:47:57.000 Pay the car off over a period of time.

00:47:58.000 Six months to a year if you need that much time.

00:48:00.000 The car is paid off in full.

00:48:02.000 Credit scores all the way up.

00:48:03.000 And you got a car paid off.

00:48:04.000 W, bro.

00:48:06.000 Your age is awesome.

00:48:07.000 And then we go up another car.

00:48:09.000 You have history and credit now.

00:48:11.000 Ka-ching! 0.99

00:48:12.000 Yeah. Yeah, that goes right on your credit report.

00:48:14.000 Excellent. So there you go, bro.

00:48:17.000 Again, appreciate it.

00:48:18.000 It was an honor.

00:48:19.000 Thank you, guys.

00:48:20.000 Thank you.

00:48:21.000 Thanks, bro.

00:48:21.000 Good stuff.

00:48:22.000 All right.

00:48:22.000 Who's up next?

00:48:24.000 Come again.

00:48:29.000 6249, you are up.

00:48:31.000 6249, you are up.

00:48:34.000 Hey, give me one second, y'all.

00:48:36.000 Let me go to the bathroom real quick. 0.59

00:48:39.000 Yo, get this thing off the phone, bro.

00:48:42.000 Who's next, man?

00:48:45.000 Nah, nigga, get this thing off the phone, bro. 1.00

00:48:46.000 Who's next, man? 0.99

00:48:47.000 Bro, what the hell? 1.00

00:48:48.000 Nah, get this nigga out of here, bro. 1.00

00:48:52.000 Come on, man. 0.99

00:48:52.000 Who's next? 0.99

00:48:53.000 All right, who's up next, bro?

00:48:54.000 8048, you're up.

00:49:00.000 8048. Oh, he's going.

00:49:02.000 Hello? Yo.

00:49:03.000 What's going on, man?

00:49:04.000 Can y'all hear me?

00:49:06.000 Yeah, we got you, bro.

00:49:06.000 What's up?

00:49:07.000 What's your question?

00:49:07.000 Oh, that's perfect.

00:49:08.000 Hey, so look, I'm on probation right now.

00:49:10.000 I get off probation next year, and I plan to go to the Army National Guard for 36 Bravo Financial Maintenance Technician.

00:49:17.000 So that's going to be National Guard.

00:49:19.000 And when I come out here in the civilian world, I plan on going to sales or being a financial advisor.

00:49:23.000 So my question is, what sales industry should I go in or should I do financial advisor?

00:49:28.000 Yo, yo. 0.99

00:49:29.000 You said you're on probation?

00:49:30.000 For what?

00:49:31.000 Yeah. So I was originally in the army, then I got out and I got caught up in some old shit. 0.99

00:49:37.000 But I'm just, you know what I'm saying, doing my time right and I'll be cool. 0.94

00:49:39.000 But that's my question.

00:49:41.000 Can you go back in?

00:49:42.000 Is it a felony?

00:49:43.000 Yeah, it's a felony, but I mean, yeah, it's cool.

00:49:47.000 I got a re-entry code 3. Then once I get off, I can go back in.

00:49:51.000 So wait, so the military let you back in with a felony conviction?

00:49:54.000 Yeah, no, my discharge from the army was a general under honorable conditions. 0.99

00:49:58.000 But when I came out, I got indicted for some old shit. 0.79

00:50:01.000 Yeah, but bro, what I'm trying to explain to you is that, like, that's cool, you got an honorable discharge, but I think if you get convicted of a felony, bro, you can't serve the armed forces because you can't have a gun. 0.97

00:50:11.000 No, no.

00:50:12.000 I'm a VTC, so the judge, he's gonna wipe it off my record.

00:50:16.000 What? They can do that?

00:50:19.000 Yeah, it's a thing.

00:50:20.000 It's called Veterans Treatment Court.

00:50:22.000 You think or you know.

00:50:23.000 What's it called, veterans what?

00:50:24.000 It's called VTC, Veterans Treatment Court, that's a thing.

00:50:28.000 VTC? Mm-hmm.

00:50:32.000 All right, Mo, can you fact-check that real quick?

00:50:33.000 Because, bro, here's the thing, bro.

00:50:35.000 When you get a felony conviction, this is what ends up happening.

00:50:38.000 You can't bear arms.

00:50:39.000 You lose your Second Amendment right.

00:50:41.000 So, like, obviously in the armed forces, half the name says armed.

00:50:45.000 So it's like if you get a felony conviction, bro, your ability to bear firearms is pretty much gone.

00:50:51.000 So I don't know if you can go back into the military since you've been indicted and convicted.

00:50:56.000 No, I've already been through the process.

00:50:58.000 I already talked to recruiters, and then the judge, he's going to wipe it off my record completely.

00:51:02.000 So it's like a whole other situation, but I guarantee I can go back in.

00:51:07.000 Thank you.

00:51:08.000 Alright, I've never heard of that, bro, but okay.

00:51:13.000 So what's your question, I guess, assuming that you'll be able to go back in the military?

00:51:17.000 Oh, sorry.

00:51:18.000 So I plan on going in for National Guard for 36 Bravo.

00:51:21.000 That's called a financial maintenance technician.

00:51:23.000 That's basically an accountant.

00:51:24.000 And then come back out here.

00:51:25.000 And I was wondering, like, I was thinking going to the sales industry or be a financial advisor.

00:51:30.000 Okay, so you want to basically become an accountant.

00:51:33.000 Hold on, hold on.

00:51:35.000 So you want to be an accountant in the military. 0.99

00:51:38.000 Do they take you to, like, CPA school and shit? 0.99

00:51:41.000 Say that again? 0.99

00:51:42.000 Do you go to CPA school when you're an accountant in the military?

00:51:46.000 Do you get an accounting degree?

00:51:48.000 Yes, sir.

00:51:49.000 Okay. They give you a CPA certification.

00:51:54.000 But that's a lot different than being a financial advisor, though.

00:51:56.000 To be a financial advisor, so you're talking about being in accounting, so then take the accounting and take the CPA.

00:52:02.000 Let me backtrack.

00:52:02.000 I'm leaving out some information.

00:52:03.000 So while I'm on probation out here, I'm going to community college for accounting so I can go into the military as a lieutenant.

00:52:10.000 or I could go in as the lieutenant or the specialist.

00:52:13.000 So I'll be like, already have the certification.

00:52:15.000 I'm just using the National Guard because I'm thinking about going to sales, but I need a cushion.

00:52:20.000 Sales is, you know what I'm saying, you eat the pill, so...

00:52:23.000 I mean, so, yeah, but sales is a mixed bag, right?

00:52:30.000 So you could make a lot of money if you're doing high-ticket sales and you're getting big commissions and, you know, there's so many different variations of sales and then you've got to be good at it.

00:52:38.000 Right? So then that's another thing.

00:52:41.000 And so that's something that you'd figure out.

00:52:43.000 But you're coming out with specific skill set for accounting.

00:52:46.000 I would probably get into that, stay into that track because you already have the skill set, the education, and the time put in there.

00:52:53.000 And then, you know, it's very lucrative.

00:52:54.000 I mean, if you work for a CPA firm, you can probably start making, you know, a lot of them right now.

00:52:59.000 I think that the entry is like maybe about close to 80,000 coming out.

00:53:03.000 You know, if you have, and especially if you have experience.

00:53:06.000 So you have between $60,000 and $80,000, depending on where you live, just to get in with your background.

00:53:13.000 So I would stick with that track.

00:53:16.000 And then just because you already put the time, money, and energy into that already.

00:53:23.000 What sales industry are you thinking?

00:53:25.000 Like the health, technical?

00:53:26.000 Which one do you think?

00:53:27.000 For accounting or finance?

00:53:30.000 For sales.

00:53:31.000 I'm just using that.

00:53:32.000 I really want to do sales, but since I have this.

00:53:35.000 Like, for the Army side, like, do you think, you know what I'm saying?

00:53:39.000 Well, you know, sales, you could be a real estate agent, you could sell cars, you could sell, you know, high-ticket items.

00:53:45.000 What industry do you think y'all should just focus on this?

00:53:48.000 I just want to focus on one and just excel in that.

00:53:51.000 I mean, you know, sales, you could make a shit ton of money, but it's a grind, and you just got to be really good at it, and you got to pick an industry that has a good commission structure, and, you know, because there's so many different...

00:54:03.000 Things that you could sell.

00:54:05.000 Listen, bro.

00:54:06.000 I got some friends in sales, bro.

00:54:10.000 I'm sorry to hear about your son.

00:54:12.000 I'm sorry?

00:54:12.000 I appreciate that.

00:54:17.000 I will say this, though.

00:54:18.000 I do know some ex-felons that are good salesmen because their prior positions in life they were good at selling. 0.99

00:54:25.000 But I don't know if you can become a financial advisor being a felon, though.

00:54:32.000 Well, you're talking about you're going to get your record expunged.

00:54:35.000 Is that what he's saying?

00:54:37.000 So you can be expunged.

00:54:38.000 It's got to be a thing.

00:54:39.000 So it won't be there.

00:54:40.000 That's a whole different...

00:54:41.000 Yeah, so if you can get that, that'd be great.

00:54:42.000 I just got to do my time, you know what I'm saying, while I'm on probation.

00:54:45.000 That's why I'm planning on going to community college and just study the accounting now.

00:54:49.000 So I'm just, you know, once that time hit, I could just go in, either go green to gold, be a lieutenant, or just come in as a specialist.

00:54:55.000 Because I already had a CPA certification.

00:55:00.000 Alright, well, this is all hoping everything gets expunged.

00:55:02.000 Let's tackle that first.

00:55:03.000 It will, sir.

00:55:04.000 It will.

00:55:05.000 Awesome, awesome.

00:55:05.000 Once that's done, like Steve said, focus on one thing, which is going to be your accounting.

00:55:09.000 Focus on that, because that's where you're going to get your schooling in.

00:55:11.000 And then from there, once you expand upon that, you master that skill, then if you want to do something else, you can.

00:55:15.000 But sales is going to be up and down, like you said before, so it's up to you what you want to do there.

00:55:19.000 But again, accounting will always be there for you once you learn it.

00:55:23.000 Alright, amen.

00:55:25.000 Alright, let's go next caller.

00:55:27.000 I appreciate you, guys.

00:55:28.000 No problem, man.

00:55:29.000 646-490-0394, guys.

00:55:31.000 The number to call into the show, 646-490.

00:55:34.000 I can't see my phone.

00:55:36.000 Yeah, I can't see it.

00:55:37.000 0394. So let's get the next person on.

00:55:41.000 7973, you are up.

00:55:44.000 7973. All right, 7973, go ahead.

00:55:46.000 Hello, how you doing?

00:55:47.000 It's Demetrius Raps.

00:55:49.000 What up, man?

00:55:50.000 What's up, bro?

00:55:50.000 What up?

00:55:51.000 All right, so I have a question.

00:55:55.000 I do about like 300k a year.

00:55:58.000 I wrap cars.

00:55:59.000 I'm talking to the accountant.

00:56:02.000 His name is Steve.

00:56:03.000 Again? Steve.

00:56:05.000 All right.

00:56:05.000 Yes. So my friend who owns another business, he told me, because I'm getting taxed as a business owner, obviously.

00:56:12.000 So he told me if I pay myself as an employee of Demetrius Wraps, I'll get better tax benefits and I'll pay less.

00:56:22.000 I wanted to know more information about that.

00:56:25.000 Okay, so are you incorporated and are you an S-corporation?

00:56:31.000 So when I made my LLC about three years ago, it said something about LLC first and then S-corp as like a sub.

00:56:40.000 Yeah, so that's good.

00:56:43.000 So you're filing as an S-corp.

00:56:44.000 So since you're an S-corp, you have to, under the IRS regulations, pay yourself some sort of salary.

00:56:50.000 Page one, you'll see off.

00:56:52.000 Go ahead.

00:56:54.000 Yeah, so originally what I did was I signed up for this thing where it pays me like $1,000 a week.

00:57:01.000 Like, say for example, I made like $12,000.

00:57:06.000 So I pay myself $1,000 a week and I basically restart every week.

00:57:11.000 So say for example, I'll pay myself $1,000.

00:57:13.000 Let's say I spend like $800, you know?

00:57:16.000 Then I'll basically reset every week.

00:57:18.000 So it's kind of like a better thing.

00:57:19.000 So when you say pay yourself.

00:57:21.000 I don't spend a lot.

00:57:22.000 Yeah. But I'm spending that personally, like a thousand a week personally, so that rest is getting set aside to my business account.

00:57:29.000 So when you say pay yourself, is it you're just taking a draw?

00:57:32.000 Are you filing payroll tax returns and paying in payroll taxes every quarter?

00:57:39.000 No, and that's the thing.

00:57:40.000 That's kind of how it started last year, but I don't really know how to do it officially.

00:57:43.000 Yeah, so that's not paying yourself.

00:57:45.000 You're not paying yourself.

00:57:46.000 What you're doing is you're just taking a shareholder distribution.

00:57:49.000 That's all you're doing.

00:57:50.000 So that is just a non-taxable shareholder distribution.

00:57:53.000 That doesn't qualify as payroll.

00:57:56.000 So what you have to do, and what I would recommend doing, is just get your local ADP or Paychex payroll representative and say, listen, are you the only employee of the business?

00:58:09.000 Yeah, I'm going to add somebody else and a few.

00:58:13.000 I just got to find, because when I add somebody else, the total worth of the business is going to double.

00:58:18.000 I'm basically taking in all the work by myself, like down here in South Florida.

00:58:22.000 I'm basically taking all the work by myself and I'm like working every single day.

00:58:26.000 Like I literally just go home to sleep, you know?

00:58:29.000 So I'm about to add somebody else and it's probably going to go up to like 500 to 600,000 a year.

00:58:34.000 Like around there.

00:58:34.000 That's great.

00:58:35.000 That's great.

00:58:36.000 So what I would recommend doing is getting on, you know, get a hold of your local payroll representative.

00:58:42.000 You know, they have them everywhere.

00:58:43.000 So you call the local ADP or paychecks, and they'll charge you maybe something like $100.

00:58:48.000 Say, listen, I want to put myself on the books for salary, and I don't know what your distribution is.

00:58:53.000 You said you're taking like $1,000 a week, is it?

00:58:56.000 Yeah, yeah, yeah.

00:58:56.000 Okay, just say, listen, I'll find out.

00:58:58.000 Good for me, you know?

00:58:59.000 Yeah, you just say, I want to do one paycheck to myself every week for $1,000.

00:59:02.000 Can you set me up?

00:59:03.000 And she's going to take care of it or he's going to take care of everything.

00:59:05.000 Just have them handle everything for you.

00:59:08.000 Don't mess around or try to do it yourself.

00:59:09.000 And just pay the $100, $150 a month just to have them do everything, do the payments, do the payroll tax returns, and do the paychecks and all the IRS stuff that needs to be done.

00:59:20.000 It's well worth it.

00:59:21.000 But you need to do that because you're an S Corp and you're making money, you're being profitable, and you don't want to be in a situation where you're not paying yourself a salary.

00:59:29.000 And, you know, I just wrote a book, actually, which I was going to talk about.

00:59:32.000 So I do consults.

00:59:33.000 You know, if you go into my Instagram and you go into my bio, I have a link tree in there.

00:59:39.000 And you can get a consult from me, you know, half an hour, one hour.

00:59:43.000 But if you don't want to do that, I have a book.

00:59:45.000 It's only $44.

00:59:46.000 I did it, and it's basically like sitting down with me.

00:59:48.000 And I talk about the stuff that I'm talking about with you right now.

00:59:51.000 I have that in that book.

00:59:53.000 And it's like a 60-minute read.

00:59:58.000 I put it together to look almost like a pamphlet or a brochure that you're getting from like a flyer basically.

01:00:06.000 So it doesn't look like a regular book for taxes.

01:00:10.000 So it's easy and it's got all the information as though if you sat with me and we were having a one-hour consultation and I'm telling you everything that you need to know.

01:00:21.000 Again, I'm talking about the stuff in the book that we're going through, and it goes in there.

01:00:25.000 It's $44.

01:00:26.000 You just go in there, and you click it, and you download it.

01:00:27.000 It's a digital book.

01:00:28.000 It looks like a flyer, basically.

01:00:30.000 You could get it done in 45, 60 minutes.

01:00:33.000 And Steve's Instagram is seeing beyond the numbers.

01:00:35.000 By the way, Demetrius, I've seen you a lot of times doing business, bro.

01:00:39.000 You seem like you've got a very level head on your shoulders.

01:00:42.000 Bro, you're going to need Steve on your side, bro, because the problem is with you, bro, is that you're making money, and you're not going to be doing it the correct way as the business should.

01:00:49.000 And as a result, you're going to have to pay IRS a lot of money.

01:00:52.000 Yeah. So I'll hire you.

01:00:53.000 I'll get you under control now with Steve, either with a consult one-on-one or with a book because, bro, this is...

01:00:59.000 Yeah, yeah.

01:00:59.000 Feel free to do that, bro.

01:01:00.000 I'm 100% going to do that.

01:01:02.000 Like, right after this call, I'm 100%.

01:01:04.000 Because I need help with that side of the stuff because, like, I do everything by myself and I'm literally, like, I literally work every day because I have so many customers down here in South Florida.

01:01:15.000 I just work every single day.

01:01:17.000 I have no time to breathe, no time to do nothing.

01:01:19.000 You're the guys I love to deal with.

01:01:21.000 You're the guys I love to deal with.

01:01:22.000 This happened with these guys.

01:01:23.000 They were too busy working, making money.

01:01:26.000 They didn't have the time to do everything, so they need somebody to come in and guide them and say, hey, listen, I'll take care of this stuff that you need done in the right way.

01:01:34.000 Keep you straight, make sure you're saving money and doing things right.

01:01:38.000 I love dealing with guys like you because you're a business owner, you're making money, you're doing what you need to do.

01:01:44.000 You're bringing in the money.

01:01:45.000 And, you know, so, yeah, just go in there and, you know, link up with me and definitely I'd love to work with you.

01:01:52.000 Yes, sir.

01:01:53.000 Bryce, you've probably seen me a bunch of, or, no, Myron will be outside, but you've probably seen me a bunch of times in Brickle because I drive a pink BMW and I have a lot of customers there that I have to consult with.

01:02:02.000 Really? A ton of customers there.

01:02:04.000 Yeah. I drive a bright pink M5, so you might see me a bunch of times because I have a bunch of customers over there.

01:02:10.000 But, yeah.

01:02:11.000 I'm not going to hold you, bro.

01:02:12.000 I thought it was a girl's car. 0.51

01:02:13.000 Just not gonna hold you, dog.

01:02:15.000 I'm telling you.

01:02:15.000 It's a cheat code.

01:02:16.000 I'm telling you it's a cheat code, bro.

01:02:17.000 No, no, bro. 0.97

01:02:18.000 I had a pink Rolls Royce, nigga. 1.00

01:02:19.000 I know. 0.88

01:02:21.000 I know, bro.

01:02:22.000 It's a pink you've never seen before.

01:02:24.000 It's a cheat code.

01:02:26.000 Yeah, I thought it was a girl, bro.

01:02:27.000 I thought it was a girl's car. 0.51

01:02:29.000 You see the car?

01:02:29.000 Yeah. I thought it was a girl's car, bro.

01:02:31.000 Don't lie.

01:02:31.000 Is it like my shirt pink or no?

01:02:33.000 Nah. No, no.

01:02:34.000 It's a vibrant.

01:02:35.000 It like glows.

01:02:36.000 Like it glows.

01:02:37.000 Okay. I appreciate that.

01:02:40.000 Could you put the Instagram again so I can type it in now?

01:02:43.000 You put it in the chat, Mo.

01:02:46.000 See beyond the numbers.

01:02:49.000 Yeah, go to my Instagram.

01:02:52.000 That's the best place.

01:02:53.000 And just click on the link tree.

01:02:56.000 Perfect. Thank you.

01:02:58.000 You got it.

01:02:59.000 You need a sample, bro.

01:03:00.000 For sure.

01:03:00.000 All right.

01:03:01.000 Who's up next?

01:03:05.000 Alright, that's his Instagram right there, guys.

01:03:07.000 Same beyond the numbers.

01:03:09.000 I will say this, though.

01:03:10.000 A pink card doesn't give you a lot of attention.

01:03:12.000 A lot of attention.

01:03:13.000 Absolutely, yeah.

01:03:13.000 Whether good or bad, it's a lot of attention.

01:03:15.000 It sticks out, yeah.

01:03:17.000 Alright, who's up next?

01:03:19.000 We have 8669, you're up.

01:03:23.000 8669, you're up.

01:03:26.000 Yo, what's happening, guys?

01:03:29.000 First time caller, but...

01:03:31.000 I've got a little thing that I'm dealing with right now.

01:03:34.000 My mom is getting a little bit older, and I need to put her into assisted living. 0.99

01:03:40.000 I bought her a condo out in Las Vegas.

01:03:44.000 Not too expensive a condo, but I bought that for her.

01:03:48.000 Put a decent amount down.

01:03:50.000 She's got maybe $80 or $90 in equity in it. 0.69

01:03:54.000 I have to move her back here to San Diego. 1.00

01:03:58.000 I can't move away because that would mean moving outside my company's Region 2 to a Region 3, which I'll lose a sizable chunk of money.

01:04:11.000 Believe me, I'd be out of San Diego if I could.

01:04:13.000 But the places down here are going for $5,000 to $7,000 a month, and I'm wondering how much of that I can, A, should I sell her house?

01:04:28.000 And help pay for the assisted living, or B, rent it out.

01:04:35.000 And then the other question is, can I deduct any of that money in my taxes each year because I'm paying for her to live?

01:04:43.000 She's on like $1,400 a month Social Security.

01:04:47.000 So, yeah, so if you're covering her expenses, unfortunately, no.

01:04:51.000 So you can claim her on your return, though.

01:04:53.000 You could take her as a dependent, right?

01:04:55.000 Yeah, you could take her as a dependent, absolutely.

01:04:57.000 Now, the fact of you having the condo, or her having the condo, and selling it, and you're saying, like, is there, like, what can you sell it for, if you don't mind me asking?

01:05:09.000 It's kind of out in the sticks.

01:05:11.000 I think they're not going for that much.

01:05:13.000 Maybe, like, $150, $170, thereabouts.

01:05:17.000 And she owes $90 on it?

01:05:20.000 Yeah, she owes about $90,000.

01:05:21.000 I mean, I could probably pay it off completely and rent it out, but I really don't want to go through all that, and the rents out there are super cheap, so I don't even know if I'd be making my money off it.

01:05:32.000 You're not there local.

01:05:33.000 That's probably not enough cash flow with all the other stuff.

01:05:35.000 Yeah, so if you sell it, and then if she owes $90,000, what are you going to make maybe $50,000, $60,000 on it?

01:05:41.000 I don't know, after you pay your commissions, potentially.

01:05:44.000 Yeah, I mean, I guess you could take that and you could start to use it, but that's going to be used up pretty quick.

01:05:48.000 If you're talking about the places and where you're at.

01:05:51.000 So versus being, you know, talking.

01:05:54.000 So I guess you mentioned the price because in your jurisdiction where you live, the prices of the ALF service is assisted living you're talking about?

01:06:02.000 Yeah, it's limited assistance is what she needs or like just a retirement village type thing.

01:06:09.000 She's just getting too old to be by herself.

01:06:11.000 Yeah, so they're just a little bit more pricey, I guess, there than they are in Vegas.

01:06:17.000 Yeah, everything out here is super expensive.

01:06:21.000 That's a tough one.

01:06:22.000 And then you get the loss of income if you go to her jurisdiction.

01:06:29.000 Right, it's not going to work either way for me to make out on it.

01:06:34.000 I think I'm just going to cut some of my ESPPs and bite the bullet on it.

01:06:40.000 Yeah, yeah, I mean, you're going to bring her to San Diego, then yeah, definitely sell the property, because I don't think that's going to be worth it for you to manage that from there, and then, you know, if you're just getting so little for the, it doesn't, you know, I don't know, it doesn't make sense to, well, I don't know, so you said you could pay it off?

01:06:59.000 Yeah, I mean, I got cash out of pocket that I...

01:07:02.000 If I wanted to dip into some of my RSUs or something like that, I can definitely pay it off.

01:07:09.000 But, I mean, is it going to be worth it, you know?

01:07:11.000 Yeah. Because my RSUs, I mean, I sold them at the top of the market, but our company is going through the roof right now.

01:07:20.000 I mean, we got like a 12% return in the last three days.

01:07:24.000 What do you do for it, man?

01:07:28.000 I am a...

01:07:31.000 A specialized computer engineer for a Fortune 100 company in their, supporting their AI division.

01:07:38.000 Nice. Yeah, so you're right where you want to be.

01:07:41.000 Yeah, so just make the money, get rid of the property.

01:07:44.000 That's a headache, probably.

01:07:45.000 Cash it out, use the money, you know, to help pay your mom's bill and just go from there.

01:07:50.000 That sounds like, yeah, don't put your money out of your retirement, yeah.

01:07:53.000 All right.

01:07:54.000 Well, hey, I do have to say, that's where I'm going.

01:07:59.000 You guys red-pilled me.

01:08:01.000 I appreciate it.

01:08:02.000 You opened up my eyes, and thanks, Myron.

01:08:05.000 Thanks, Fresh.

01:08:07.000 It's been great to see this whole thing.

01:08:10.000 Hey, man, glad that we got you off the plantation.

01:08:13.000 Who's up next? 0.96

01:08:15.000 And I am black, so...

01:08:17.000 Yeah, man. 0.97

01:08:17.000 So many guys, bro, are blue-pilled. 0.97

01:08:19.000 It's actually fucking crazy how many people are blue-pilled idiots. 1.00

01:08:22.000 All right, who's up next? 1.00

01:08:24.000 Next up, we have 3138.

01:08:27.000 You are up.

01:08:28.000 3138. You are up.

01:08:31.000 3138. Hey, how's it going?

01:08:33.000 Can you hear me?

01:08:35.000 Yes. All right.

01:08:37.000 I'm an out-of-state investor looking to buy a duplex or triplex of house tax in Ohio.

01:08:42.000 I was wondering, do you recommend bringing a general contractor for the walkthroughs?

01:08:47.000 Just so you understand, you just said you're looking at a house tax and you're an out-of-state investor.

01:08:51.000 Well, guess what?

01:08:51.000 You're going to be in-state because you're going to have to live in there.

01:08:54.000 Yes. Yeah, but I'm just letting you know that I'm starting out of state.

01:08:58.000 Like, I don't live there.

01:08:59.000 I'm not physically there at the moment.

01:09:01.000 So are you prepared to move to Ohio and live there for a year?

01:09:04.000 Yes, sir.

01:09:06.000 All right.

01:09:06.000 Cool. So what's the question then?

01:09:10.000 Do you recommend bringing a general contractor to the walkthroughs when we're looking at properties?

01:09:15.000 Yeah, you can.

01:09:16.000 Yeah, that's not a bad idea.

01:09:17.000 Bring someone that you trust and you know that will get in like...

01:09:21.000 Yeah, that's not a bad idea at all.

01:09:23.000 Because, I mean, you're going to have to run an inspection anyway, but if you want to bring your general contractor there to see what might be problematic or not, that's a good idea.

01:09:34.000 Do you know what questions I should be asking when looking for general contractors to go ahead and vet them?

01:09:40.000 Oh, you don't have one already?

01:09:43.000 Not yet, no.

01:09:45.000 I would say go through your friend network, man, first.

01:09:52.000 Okay, I don't have any friends in Columbus right now.

01:09:54.000 It's just my real estate agent.

01:09:56.000 I do trust him though, so I'll go ahead and use his general contractors.

01:09:59.000 How'd you pick that area that you had to move to, like to invest and buy two blacks?

01:10:02.000 Yeah, that is interesting, yeah.

01:10:03.000 Randomly in Ohio, right?

01:10:04.000 You know people there or something?

01:10:06.000 What's the lure there?

01:10:09.000 No, Columbus is just appreciating like crazy right now.

01:10:12.000 Okay, so it's the market.

01:10:14.000 Yeah, so you just basically, you know, I guess just go in there and if you talk to a real estate agent, she may have some connections with some of the contractors in there that she knows.

01:10:23.000 She can maybe ask around to find a couple of, you know, maybe you can find out a couple of two or three reputable contractors that you can just bring through the property and just say, hey, you know, I'm thinking, you know, if it needs work, they bring them through and just give you an estimate and see what they do.

01:10:36.000 And then you could test them out that way.

01:10:38.000 Yeah, in your current scenario, bro, you don't know anyone in Ohio, so you've got to rely on your realtor that knows people probably in that area.

01:10:44.000 Yeah. Okay.

01:10:47.000 All right, a follow-up question for Steve since you're here.

01:10:50.000 What questions should I ask a CPA to go ahead and vet them once I need them?

01:10:56.000 So what kind of work do you do?

01:11:00.000 I do out-of-state construction.

01:11:02.000 Oh, so you're a construction guy.

01:11:03.000 So what do you need a guy to go with?

01:11:04.000 Yeah, what the hell?

01:11:06.000 You should know.

01:11:07.000 No, no, no, for the actual properties once I get into all that.

01:11:11.000 Got it, got it.

01:11:11.000 Yeah, but you should still have a clue, though.

01:11:14.000 Yeah, bro, you can do the inspection yourself. 0.99

01:11:17.000 If that's the case, goddamn. 0.99

01:11:18.000 You don't need nobody, bro. 0.99

01:11:20.000 It was a second eye.

01:11:21.000 Once you get your feet on the ground in Columbus, then what you want to do is you want to ask around to those construction guys and say, hey, we're in the same line of work.

01:11:30.000 Who do you use?

01:11:32.000 And they, you know, and if they feel good about their accountant, they're going to, you know, oh, yeah, I love me.

01:11:36.000 My guy's great here.

01:11:37.000 And, you know, you could try to get a referral from one of those guys, you know, because typically they'll be dealing with a CPA that kind of knows them and knows that industry that's related to what you're doing.

01:11:47.000 That's what I would recommend.

01:11:49.000 So when you talk to those contractors you're bringing up through, say, hey, do you use the CPA?

01:11:53.000 And, you know, could you mind giving me their name?

01:11:56.000 And do that for every one of the guys.

01:12:00.000 Okay. Alright, and then what about a question for Myron?

01:12:03.000 What about handymen?

01:12:04.000 How do we go ahead and vet them?

01:12:06.000 Or what are red flags that you want to look for when it comes to them?

01:12:09.000 Well, I mean, you obviously don't pay them up front. 0.99

01:12:12.000 You've got to pay them, you know, you give them a portion up front and then you don't pay them in full until the job is done because a lot of these contractors are scumbags. 0.85

01:12:20.000 This is why it's so important to have word of mouth and then hopefully a real estate agent will be able to, you know, know some people out there. 0.94

01:12:27.000 In Ohio that you can contact.

01:12:29.000 Luckily for you, you know, the Midwest is a lot cheaper than, you know, the Northeast.

01:12:35.000 So you should be able to get things for a fair price.

01:12:38.000 But that's what I would say is like some of the most important things is, you know, make sure you don't pay them up front.

01:12:44.000 And then, you know, you typically want to use a contractor that you can do everything with because they typically have contacts as well.

01:12:52.000 Does that make sense?

01:12:53.000 Okay, cool.

01:12:53.000 Yeah, I appreciate this.

01:12:54.000 All right.

01:12:55.000 That's all I got, guys.

01:12:55.000 Because that contractor is going to have a roof guy.

01:12:57.000 He's going to have a plumber guy.

01:12:58.000 He's going to have an electrician guy.

01:12:59.000 Like, they typically already have their network set up, so...

01:13:03.000 All right.

01:13:05.000 All right.

01:13:05.000 Thank you, guys.

01:13:06.000 All right, man.

01:13:10.000 All right.

01:13:10.000 Who's up, Dex?

01:13:11.000 Sorry, guys.

01:13:13.000 I haven't slept much.

01:13:15.000 We have, like, an eight-hour stream last night, too.

01:13:18.000 Yeah, yeah.

01:13:18.000 One eight hours last night, yeah.

01:13:20.000 W Street?

01:13:21.000 Yeah, yeah.

01:13:22.000 Covered the big U thing, man.

01:13:23.000 Yeah, that was a good one.

01:13:24.000 Yeah, he's cooked, bro.

01:13:25.000 Oh, man. 0.96

01:13:27.000 I wrote through that criminal complaint and that nigga's air fried, bro. 1.00

01:13:30.000 Okay, next. 1.00

01:13:31.000 He's gonna die in prison, bro. 1.00

01:13:32.000 Damn. They got a lot of info on him, man. 1.00

01:13:34.000 He's cooked.

01:13:38.000 Yeah. Yeah, the FBI was watching all his shit. 1.00

01:13:41.000 Who's up next? 0.99

01:13:42.000 5-1-1-9, you're up.

01:13:44.000 5-1-1-9, you're up.

01:13:46.000 Yo. I wouldn't bother with it.

01:14:10.000 What state are you living in?

01:14:12.000 I'm in Jersey.

01:14:13.000 Just do it in Jersey.

01:14:15.000 Yeah, because you're just creating a whole other...

01:14:17.000 It's a small business.

01:14:18.000 It's just a detailing business.

01:14:19.000 These are structures that people want to do to hide their wealth and hide...

01:14:22.000 When you get to that level...

01:14:24.000 I have a Delaware thing, but yeah.

01:14:28.000 You had a big attorney, and you had a bunch of properties and assets and all that stuff.

01:14:31.000 You got to that level, and then it made sense.

01:14:36.000 You're not there yet.

01:14:38.000 If you have a chain of detailing and you've got 100 plus employees or something like that, then that's the time to sit down and have the discussion.

01:14:47.000 Right now, no.

01:14:47.000 Just stick to the state you're in and don't go for these big sets.

01:14:52.000 You're not there yet.

01:14:54.000 A lot of people just put the cart before the horse.

01:14:56.000 You don't need to do that stuff.

01:14:58.000 So it's not much like a tax saving when you do it?

01:15:00.000 No, it's just an extra thing.

01:15:01.000 And then you've got to deal with Delaware.

01:15:02.000 And then you've got to deal with Jersey still.

01:15:04.000 No, you're just making a mess.

01:15:06.000 And you don't need to do that.

01:15:08.000 Just focus on doing your business.

01:15:10.000 Get a guy locally that does that.

01:15:11.000 Get it all set up locally in Jersey.

01:15:13.000 Get all your licensing and everything right.

01:15:15.000 Just do it that way.

01:15:18.000 Alright, I'll do that.

01:15:20.000 Alright, cool.

01:15:21.000 That's pretty much it.

01:15:21.000 I appreciate it.

01:15:22.000 All right, brother.

01:15:25.000 Take it easy.

01:15:27.000 Well, who's up next?

01:15:28.000 And we're just knocking them out today.

01:15:30.000 646-490-0394, guys, the question asked.

01:15:33.000 We got Steve from Accounting in the House, man.

01:15:34.000 This is probably one of the best people to ask.

01:15:36.000 Tax questions, etc.

01:15:37.000 He can help you guys out.

01:15:39.000 Happy to have him.

01:15:40.000 So, he's our accountant as well, so he can really give you guys some sauce, especially for the entrepreneurs out there.

01:15:45.000 646-490-0394, if you want to cut the line, just put the last footage of your phone number in the Super Chat, guys, and we'll get you in.

01:15:51.000 Go ahead, Mo.

01:15:53.000 7871, you are up.

01:15:55.000 7871, you are up.

01:15:58.000 Hey, how you guys doing?

01:15:59.000 You guys hear me?

01:16:00.000 Yo, what's up?

01:16:01.000 Welcome to the show, bro.

01:16:01.000 What's your question?

01:16:03.000 What's going on?

01:16:04.000 Hey, Big Mo, it's Weston, man.

01:16:06.000 Yo! But I just wanted to clarify a couple things regarding the individual that called in talking about the VR&E program, the veteran, or not VR&E program, the VTC.

01:16:18.000 VTC. Yeah, VTC, Veterans Treatment Court.

01:16:21.000 To verify that information, it is contingent upon the participants.

01:16:25.000 So as long as the individual is participating and behaving properly, you have to go through whatever, how long that program is, the 12 or 18 months.

01:16:33.000 You have to go into your monthly meetings, and then they're basically monitoring everything that you're doing.

01:16:40.000 It's kind of like having a, how do I say this, a probation officer.

01:16:46.000 So you have to report to them.

01:16:47.000 You have to give them all that information, like tell them everything that you're doing.

01:16:51.000 Don't ask how I know this.

01:16:53.000 I may or may not be involved in the case myself, but it's just confirming all of that information in addition to that.

01:17:01.000 So you can be a convicted felon and still serve in the armed forces, is what you're saying?

01:17:06.000 Correct. In addition to that, with a felony conviction, there is no such thing as...

01:17:12.000 Hiding your record or, I mean, yes, there is sealing it, and that does make sense for the civilian world.

01:17:19.000 However, for federal agencies and federal hiring organizations, they see it, no matter what.

01:17:26.000 Like, if you got arrested, even if it's for minor, minor things, they're going to see it.

01:17:32.000 There's no, I mean, there really isn't any...

01:17:35.000 Is that really truly expunged, is what you're saying?

01:17:38.000 Yeah, it never is, yeah.

01:17:41.000 It always is.

01:17:42.000 So I guess we have to interpret it as like, I mean, how do we even define expunging?

01:17:48.000 That's not really accurate.

01:17:51.000 You can, sure, you can quote-unquote expunge it.

01:17:55.000 You can quote-unquote feel it.

01:17:57.000 However, somebody filed it.

01:18:01.000 Somebody has access to that file, and somebody can see it.

01:18:04.000 And it has to be, and typically...

01:18:07.000 So, alright, basically, so you're saying that they can, for certain felonies, I don't know if it's all felonies, you're saying they can still serve in the military, but they have to go through this VTC program?

01:18:17.000 They can.

01:18:18.000 They can, however, you also, with recruiting methods, recruiters can get waivers.

01:18:24.000 You can get waivers for, I mean, it seems like you can get waivers for just about anything, the way that recruiting has been explained to me, and from my experience serving on active duty, I served on active duty for six years.

01:18:35.000 In the U.S. Air Force, but that's a separate discussion.

01:18:39.000 That's just to give perspective on my experience with it.

01:18:43.000 However, waivers can be written.

01:18:45.000 Waivers can be produced.

01:18:47.000 However, basically what I'm calling it is to clarify and to let people know, like, hey, don't think that, you know, if somebody is telling you, like, oh, you just have to do this program and you'll be fine.

01:18:58.000 Like, don't be sold on a dream, on a, how do you say, don't be sold on wishful thinking.

01:19:05.000 When going through this program, you have to cooperate.

01:19:08.000 You have to follow the rules.

01:19:09.000 People can still see your record, especially if they're federal agencies, and you have to cooperate with that, and basically you're praying for the best.

01:19:19.000 And regarding that individual trying to commission as an officer, very, I hate to say this, very, very little chance, very little, that you're going to commission as an officer with a felony conviction, even if you go through that program.

01:19:34.000 All right.

01:19:34.000 Fair enough, man.

01:19:36.000 Thanks for the info.

01:19:38.000 Good update.

01:19:39.000 Yeah, so I guess you can do it, but I guess it's subject to a bunch of strict rules and regulations.

01:19:47.000 You're subject to a lot of scrutiny behind closed doors.

01:19:50.000 All right.

01:19:51.000 Thanks for calling in and clarifying, man.

01:19:53.000 Number to call into the show, guys, is 646-490-0394.

01:19:56.000 Again, that number is 646-490-0394.

01:19:58.000 If you guys want to call into the show, get a chance to talk to a tax professional, Steve, a.k.a.

01:20:03.000 Steve from accounting.

01:20:05.000 Yes, one of the best.

01:20:06.000 One of the best, for sure.

01:20:08.000 And it's funny because they call him Steve from Accounting because, you know, the red pill jokes.

01:20:11.000 Yeah. He is the Steve from Accounting.

01:20:14.000 Kevin from Sales, yeah.

01:20:15.000 Kevin from Sales.

01:20:15.000 Kevin from Sales, as Donovan Sharp would say.

01:20:18.000 Then you got Steve from Accounting.

01:20:19.000 Yeah. Remember Kevin from Sales?

01:20:21.000 Yeah, yeah. 0.99

01:20:21.000 Donovan Sharp said that shit funny as hell. 0.99

01:20:25.000 That'd be Donovan. 1.00

01:20:26.000 Yeah. All right.

01:20:27.000 He'll be here next week, actually.

01:20:28.000 I think so.

01:20:30.000 Probably have him on.

01:20:32.000 Who's up next?

01:20:33.000 We have 8355, you're up.

01:20:37.000 8355, you're up.

01:20:40.000 Good evening, Vince.

01:20:42.000 What's up, man?

01:20:43.000 What's your question?

01:20:45.000 I would like to know, I read a headline seeing that Trump would eliminate the federal income tax for people making under $200,000.

01:20:56.000 I made $64,000 last year, and I still have my back taxes.

01:21:01.000 Should I wait to see what happens with that before I pay my taxes?

01:21:05.000 No, because you're going to be taxed according to the rules that were in play on that particular tax year in the calendar year.

01:21:13.000 So if you have back taxes, I would take care of those ASAPs. 0.95

01:21:16.000 I was trying to finesse, man.

01:21:17.000 Yeah. No, it's not like you could push them forward.

01:21:20.000 Those rules don't go retroactive.

01:21:22.000 As I haven't passed the balances and saying, hey, well, they're changing the rules in the future.

01:21:26.000 Pay these old taxes?

01:21:27.000 Yes, bro.

01:21:28.000 I think it was $150,000.

01:21:29.000 Was it $200,000?

01:21:30.000 I thought it was $150,000.

01:21:31.000 I don't know.

01:21:32.000 I've got to look at it.

01:21:33.000 I thought it was up to $150,000.

01:21:36.000 I have a second question.

01:21:39.000 In about a year or so, I'm about to move to Massachusetts.

01:21:45.000 After two or three years of being there, I wanted to purchase the apartment building that I'm going to be staying in with the FHA loan.

01:21:56.000 I plan on purchasing it from my parents.

01:22:00.000 What would be the best way to go about doing that?

01:22:03.000 You're trying to buy a condo in Boston?

01:22:05.000 Or Massachusetts?

01:22:09.000 My parents are in an apartment building, so I want to purchase it from them with the FHA loan.

01:22:14.000 Are you trying to cash them off?

01:22:16.000 Wait, hold on, hold on, bro.

01:22:17.000 Yes, sir.

01:22:18.000 Oh, okay.

01:22:19.000 Here's the thing, bro.

01:22:20.000 If you're going to buy it with an FHA loan, that means you have to live in it.

01:22:22.000 You can't buy it for your parents.

01:22:23.000 That's number one.

01:22:24.000 Number two.

01:22:25.000 Are you buying a unit, or are you buying an entire apartment building?

01:22:30.000 It's like a four-unit building.

01:22:33.000 They want me to come stay there.

01:22:38.000 Eventually, I want to buy it.

01:22:43.000 I mean, if I persuade them to come with the right plan, I'm sure they will.

01:22:46.000 So, can I ask you a question?

01:22:48.000 Do they need the money that you need to get an FHA loan?

01:22:51.000 They want to be cashed out and they want to take the money?

01:22:53.000 Or is it that they can do a seller financing?

01:22:55.000 No, that's the easiest thing to do.

01:22:57.000 So you don't have to go through all the paperwork and pay all the fees and everything.

01:23:00.000 So he's buying it from a family member?

01:23:01.000 Yeah, his parents.

01:23:03.000 Okay. Yeah, so why don't you do seller financing with them?

01:23:06.000 Have you guys discussed that?

01:23:07.000 Oh, he's purchasing it from them.

01:23:08.000 I thought he said for them.

01:23:09.000 No, from them.

01:23:09.000 From them.

01:23:10.000 They already want it.

01:23:11.000 Yeah. They already own it.

01:23:13.000 They own it outright.

01:23:15.000 I don't know if you...

01:23:15.000 Did you hear what I said?

01:23:17.000 The question was, do they need the money that you need to cash them out and remortgage the place?

01:23:26.000 I mean, they're getting older.

01:23:29.000 They're retiring to Florida, so I just want them to have some extra income.

01:23:33.000 Well, they don't necessarily need it.

01:23:35.000 They can get income from you if you buy it from them and structure it as a mortgage, sit down with an attorney, and do an amortization table, and then you're paying them, principal and interest, back for the loan.

01:23:44.000 They basically become the bank.

01:23:45.000 That's the easiest thing to do, and it's quick and easy.

01:23:48.000 And, you know, you just...

01:23:49.000 So he basically, they become the bank, and he pays them a mortgage.

01:23:53.000 Yeah. Is it paid off?

01:23:55.000 Not bad.

01:23:55.000 For them?

01:23:56.000 It is.

01:23:56.000 Yeah, it's completely paid off.

01:23:57.000 Oh, yeah.

01:23:58.000 So just have them sell or finance you, and then you're paying them every month, and so they have a stream of income.

01:24:02.000 Good idea.

01:24:02.000 Just hire a real estate attorney, pay them the fees, and you should be good to go.

01:24:05.000 Yeah, because your family will basically become the bank, bro.

01:24:08.000 You just pay them every month.

01:24:09.000 And you could get a better rate, probably, too.

01:24:11.000 You know, I'm sure if it's mom and dad, they might help you out on that one, too.

01:24:14.000 Yep. Boom. 0.51

01:24:15.000 There you go.

01:24:15.000 So with that being the case, could I use my FN share for a different property, then?

01:24:19.000 Yes. But then you've got to go live in that property too now.

01:24:23.000 Yeah. So whatever FVHA you've got to do.

01:24:25.000 I mean, that's fine.

01:24:26.000 Yeah. So, yeah.

01:24:28.000 Then you start to amass your real estate portfolio. 1.00

01:24:34.000 Good shit, Bill. 0.99

01:24:34.000 All right, gentlemen. 0.99

01:24:35.000 Thank you. 0.99

01:24:36.000 Good shit, Bill. 0.99

01:24:36.000 I did get that second job, Myron. 0.99

01:24:38.000 I got most of my other debt paid off.

01:24:41.000 I'm just dealing with this IRS stuff now.

01:24:44.000 All right.

01:24:45.000 Working seven days a week.

01:24:46.000 All right.

01:24:47.000 We're getting there.

01:24:49.000 Bro, your charisma is crazy, bro.

01:24:52.000 I'm gonna lie.

01:24:53.000 I'm inspired.

01:24:57.000 Thank you, James.

01:24:58.000 No problem, man.

01:24:59.000 All right, you take care.

01:24:59.000 I'm starting to see my way.

01:25:01.000 All right.

01:25:02.000 Cool. I was kidding, by the way.

01:25:08.000 Oh, you're crazy. 0.98

01:25:10.000 Trinidad and Tobiego. 1.00

01:25:14.000 Man, oh man.

01:25:17.000 All right.

01:25:18.000 Who's up next?

01:25:21.000 Keeping it real?

01:25:22.000 Niggas from Trinidad are rich, bro. 1.00

01:25:24.000 They got oil money.

01:25:25.000 Really? Yeah.

01:25:26.000 I mean, not him, but his parents, though.

01:25:28.000 Ballin', probably.

01:25:29.000 646-490-0394, guys.

01:25:32.000 Call into the show.

01:25:33.000 Last four of your number.

01:25:35.000 Who do we got?

01:25:36.000 We have 7534.

01:25:38.000 You are up.

01:25:40.000 7534. You are up.

01:25:43.000 Do you hear me?

01:25:48.000 Yeah. Awesome.

01:25:52.000 Yeah, I'm a single father of four kids, and I make around about a little bit over 60 per year without overtime.

01:26:02.000 If I had overtime, it'd be around 75. So I'm just trying to see if there's any resources out there for me to make some more money, because I'm kind of limited on what I can do with being a single father.

01:26:19.000 Why? Why?

01:26:23.000 What's the age group of the kids?

01:26:26.000 Oh man, seven and under.

01:26:29.000 Do you have a family member that can maybe help you with babysitting?

01:26:33.000 Maybe your mother, maybe your father, maybe the mother of the child?

01:26:39.000 The mother of the child is a deadbeat. 0.73

01:26:42.000 That's rare.

01:26:44.000 Yeah. I'm lucky I got my kids.

01:26:50.000 What about your parents or cousins?

01:26:53.000 Is there anybody else in the family that can help you that's nearby?

01:26:58.000 No, both of my parents died over the past three years.

01:27:02.000 I'm originally actually from Bradenton and Sarasota area, so that's where I actually grew up.

01:27:10.000 But no, I have no family.

01:27:12.000 I live in Indiana now, so I have no family at all.

01:27:15.000 I'm just here.

01:27:16.000 I work for a limestone quarry company, so I make all my money.

01:27:21.000 And we're getting by.

01:27:22.000 I have no debt.

01:27:24.000 Bro, this is going to suck, but you're going to have to hire a babysitter, man.

01:27:30.000 It blows, but find someone that you can trust, that can stay with the kids at the house, and you go pick up a second job.

01:27:38.000 I mean, it's either that or you can try to figure out how to make money online.

01:27:41.000 You know, there's a lot of opportunities.

01:27:42.000 Or you can find a way to do that.

01:27:43.000 Yeah, there's a lot of opportunities.

01:27:44.000 And that's what I was kind of asking about the resources because I don't know, like, I thought about the homework and stuff.

01:27:49.000 I just don't know a lot about it.

01:27:51.000 Yeah, I mean, you really got to research it deep.

01:27:55.000 Yeah, and have a skill set that you can sell online.

01:27:57.000 Yeah, you got to put the time in it and maybe you got to try to test out a bunch of different revenue streams first to see what hits.

01:28:04.000 Yeah. And then you start to focus there, you know, kind of like an octopus.

01:28:07.000 Put the tentacles out and, you know, I'm going to try to do a little bit of affiliate marketing.

01:28:11.000 I'm going to try to do a couple of funnels here. 1.00

01:28:12.000 I'm going to try, you know, all the other ways you can make money and learn everything you can about AI to automate as much as possible.

01:28:20.000 Hell, you can take our clips and make a clip channel.

01:28:22.000 I mean, there's people doing SaaS, you know.

01:28:24.000 There's a lot of stuff.

01:28:25.000 You just gotta, just basically, you know, YouTube university, just try to, try to find a lot of ways to do that.

01:28:31.000 So this way you don't have to leave the house and you have the kids there and, you know, but you got to kind of really commit to doing it.

01:28:37.000 Yeah, the babysitter, I can understand that.

01:28:43.000 he's just talking a lot of plays I know I mean four kids I feel for you yeah I've scratched and crawled I mean, I went a whole year without having a job because of my ex-wife and all that.

01:28:58.000 But, like I said, we're surviving.

01:29:02.000 I mean, we have some in extra just because I don't have any debt.

01:29:07.000 So, I mean, that plays a huge role in our life.

01:29:12.000 But, yeah, I'll look into the online thing.

01:29:16.000 Something I was thinking about was, like, maybe, like, because I have kids and whatnot, like, just looking for, like, Kids' clothes, just reselling them or something like that.

01:29:24.000 There's so many different opportunities out there, yeah.

01:29:27.000 So, I mean, who do you, like, you know a lot of people in that space, don't you?

01:29:30.000 I feel like you do.

01:29:31.000 Yeah, we had, what's it called?

01:29:35.000 Starts with a K, the Amazon stuff.

01:29:37.000 Oh, KT Hustles.

01:29:38.000 Yeah. Yeah, bro, watch our Money Mondays, bro.

01:29:41.000 We have a lot of people, guests, come on the show to help you guys.

01:29:43.000 Yeah, we had KT Hustles with Amazon stuff.

01:29:46.000 Selling up an Amazon store.

01:29:47.000 Yeah, e-commerce, affiliate marketing, ATM machines, Bitcoin machines.

01:29:52.000 We have a lot of Money Mondays to help you with that stuff, for sure, to open up your horizon of career paths.

01:29:58.000 But, having 4Ks, bro, okay, this is unconventional, bro.

01:30:03.000 Don't take this for the gospel, but listen, if I were you, bro, that was your scenario, right?

01:30:09.000 I know this is kind of crazy, but this is what may work for you.

01:30:12.000 If you're smooth with it, you find a shorty, You can trust.

01:30:16.000 Oh, dude, I thought about that. 1.00

01:30:18.000 They're all fucking crazy. 1.00

01:30:19.000 Hold on, hold on. 1.00

01:30:20.000 Let me finish, nigga. 1.00

01:30:20.000 Let me finish, man. 1.00

01:30:22.000 Dude, I try.

01:30:24.000 Like, I've had women out offer me to, like, hey, let me help you with your kids. 1.00

01:30:29.000 And I'm like, nah, you drink too much.

01:30:31.000 Yeah. I'm going to lose my kids.

01:30:33.000 Again, again.

01:30:34.000 And when I say trust, the term is used lightly, okay?

01:30:39.000 But at least they can get the job done.

01:30:43.000 While you're out there making the money and doing what you need to do.

01:30:47.000 But again, you've got to vet them for a period of time and make sure they're not crazy or they drink alcohol or do drugs.

01:30:52.000 But again, it's going to be more of a giving than a taking at that point.

01:30:57.000 And of course, you've got to grease the wheel.

01:30:59.000 But it might work.

01:31:01.000 I don't know, guys, in your scenario, bro, not as bad, but they got like one or two kids.

01:31:05.000 They met a shorty that they messed with a little bit.

01:31:08.000 She takes care of the kids.

01:31:09.000 They work.

01:31:09.000 She loves him, and it works out.

01:31:11.000 But then again, bro, this is all contingent upon her being trustworthy to an extent.

01:31:15.000 Of course, it's a woman. 0.93

01:31:17.000 But, you know, for the time being, at least.

01:31:19.000 You know?

01:31:20.000 Yeah, and I'll be honest with you.

01:31:22.000 I feel bad about doing that because I'm just playing.

01:31:25.000 Like, I thought about it.

01:31:27.000 I told you, I thought about it.

01:31:29.000 Not bad women offer with it, but it's just, I think, like... 1.00

01:31:33.000 Yeah, I mean, obviously, this is a last resort.

01:31:35.000 I'm just saying, as just being trying to be funny here a little bit, but, you know.

01:31:38.000 Like you said before, hiring a nanny would be the best. 0.63

01:31:41.000 But then again, you can hire them and it can still be bad, too.

01:31:43.000 So, bro, you never know, bro.

01:31:45.000 Yeah, I don't know.

01:31:46.000 I'm in a different space right now.

01:31:49.000 I had a friend, actually from Kansas, he moved here with his son, and he hired a nanny, and she was actually the devil's spawn, bro. 0.63

01:31:59.000 She would stay home with his kid, do toosie, bring her friends over while he was away, and party at his crib. 0.74

01:32:08.000 Niggas will smash her, too, on the couch. 1.00

01:32:09.000 Oh, Jesus. 0.96

01:32:10.000 Yeah. He ended up installing a camera, actually, from a friend's device and caught her doing the act.

01:32:17.000 Wow. And he was paying her a good amount of money, too.

01:32:19.000 So, I mean, bro, you never know, bro, nowadays.

01:32:21.000 Yeah, like you said, you really got to vet them.

01:32:23.000 You're going to have somebody, you know, taking care of kids.

01:32:26.000 You really want to vet them out.

01:32:27.000 You've got to vet them out.

01:32:28.000 Can I just say one thing for men out there that have kids and they're in a relationship and stuff like that?

01:32:35.000 Yeah. I mean, you've got to be very careful who you choose.

01:32:38.000 Oh, yeah.

01:32:39.000 Pro, trust me.

01:32:40.000 Very careful.

01:32:40.000 Nigga, I know.

01:32:41.000 Very careful.

01:32:42.000 I got lucky.

01:32:43.000 I got lucky.

01:32:44.000 I don't got to pay child support.

01:32:46.000 I got lucky.

01:32:47.000 Well, you're supportive of kids 100%, so you're paying child support.

01:32:51.000 But, you know, you're taking care of business, so, yeah.

01:32:54.000 It's unfortunate.

01:32:55.000 It happens.

01:32:55.000 At least you're not Dr. Omar.

01:33:00.000 Well, I appreciate the advice.

01:33:02.000 I listen to Byron.

01:33:03.000 I listen to your show all day at work today with the whole investigation with that guy and all the, yeah, the eight-hour podcast.

01:33:13.000 I listen to it all day at work.

01:33:14.000 I appreciate it, man.

01:33:15.000 It's very enjoyable to listen to and I appreciate what you guys do.

01:33:20.000 Thank you, man.

01:33:21.000 We try to give you guys diversified content, bro. 0.98

01:33:22.000 True crime, political discourse, help you all out with financial shit. 0.97

01:33:27.000 So that's what we're trying to do, man. 0.99

01:33:28.000 Most diversified YouTube channel, man, by far.

01:33:31.000 No one comes close.

01:33:31.000 Facts. Wait, you don't know the lore of Dr. Umar and his kids?

01:33:34.000 No, what happened?

01:33:35.000 Let me fill you in real quick.

01:33:36.000 This is very good, actually.

01:33:38.000 Well, no, I'm good, because I wish him the best, though.

01:33:40.000 So recently, he's been exposed by his daughter.

01:33:44.000 And she said in a video saying, Dr. Umar has not seen me.

01:33:48.000 He doesn't take care of me.

01:33:49.000 Quite frankly, he's a deadbeat dad.

01:33:52.000 Now, allegations, accusations could be this story, but...

01:33:57.000 Accusations! You know, her side of the story is kind of the golden goose here. 0.57

01:34:02.000 But he responded and said, listen, I've been trying to see you, but your mother's been being mom number two.

01:34:09.000 This has been an a-hole.

01:34:10.000 I'm paying child support, but I can't see you.

01:34:13.000 How does it work out?

01:34:14.000 But now you're telling the public this, I'm going to fight even harder to get you.

01:34:18.000 But I'm like, bro, if you were trying to get to your daughter and you need her to talk about this on the internet for you to act harder, it's kind of like, eh.

01:34:25.000 Anyhow, long story short, he's been talking about this for a while with his daughter back and forth, and this lady came out on TikTok and exposed him, saying that, like, oh, I met him back in the day, da-da-da.

01:34:35.000 He's been getting funding for his school, and the school's never been fully finished, and he said, in short, someone from his team, his accountant, stole the money.

01:34:45.000 Oh jeez.

01:34:46.000 And ran with it.

01:34:47.000 Cooked. So, I know what's happening there, with his backstory with his kids, but what I do see is that, like, for whatever reason, he can't see his kids, and he's been trying to get, I guess, to some level, see his kids, but the baby mamas are giving him like hell, I guess. 0.95

01:35:03.000 So. Yeah.

01:35:04.000 Yeah, it sucks, but that's not a good place to be in. 0.94

01:35:07.000 At all. 0.98

01:35:09.000 Not surprised.

01:35:10.000 These race niggas always be drifting on something. 1.00

01:35:12.000 Who's up next?

01:35:15.000 They'll always be grifting, bro.

01:35:16.000 Yeah. Hopefully it works out for him, but...

01:35:18.000 Yeah. Yeah.

01:35:22.000 We have...

01:35:23.000 How many kids are scary with the wrong person, bro? 1.00

01:35:25.000 Holy shit, bro. 0.99

01:35:26.000 7-3-1-4, you're up. 0.99

01:35:29.000 7-3-1-4, you are up. 0.99

01:35:31.000 Put my sperm in a glass vase. 1.00

01:35:33.000 Yo. What? 1.00

01:35:34.000 Yo, what up?

01:35:35.000 Heat it up.

01:35:36.000 Yo, how you guys doing, bro?

01:35:37.000 What's going on, man?

01:35:38.000 Good, how you doing?

01:35:40.000 Hey, first thing first.

01:35:43.000 Somalians are better than Barbadians and Estopians. 1.00

01:35:46.000 Whoa! Whoa, whoa, whoa!

01:35:48.000 Stop the show! 0.83

01:35:49.000 What? In what planet are you on, my guy?

01:35:52.000 Hold on, hold on.

01:35:53.000 That's the first thing.

01:35:54.000 Hey, that's the first thing.

01:35:56.000 But second thing, hey, Myron, I'm in college.

01:35:59.000 I'm a college athlete.

01:36:01.000 And basically, my major is criminal justice.

01:36:04.000 I'm trying to follow, like, how do I be in that field, like, FBI?

01:36:07.000 I'm a junior right now in college.

01:36:10.000 Where do you go to school?

01:36:11.000 What should I do?

01:36:11.000 Like, San Diego State University.

01:36:15.000 That's a sucky school, bro. 0.95

01:36:19.000 It's better than Northeastern. 1.00

01:36:22.000 He's like, yeah, I'm a flex now, nigga. 0.99

01:36:23.000 He said better than what? 0.99

01:36:25.000 Somali! Northeastern.

01:36:28.000 Hold on. 0.98

01:36:28.000 It's not better than Northeastern at all, my nigga. 0.98

01:36:31.000 Look, bro, I would say this.

01:36:33.000 I would go and I would intern at all of the local law enforcement agencies in your area.

01:36:39.000 Apply to FBI, Sheriff's Office, the state police barracks that's out there, local police.

01:36:46.000 Apply to intern at all of them and take all the civil service exams and or police tests that you can.

01:36:51.000 Their acceptance rate is 34%.

01:36:53.000 34% is crazy.

01:36:59.000 My school got a 7% acceptance rate, man. 1.00

01:37:03.000 Your shit got 34%, man. 1.00

01:37:04.000 That means one in three niggas gets in, bro. 1.00

01:37:06.000 I'm good.

01:37:08.000 Hey, we're better school than you guys, though.

01:37:10.000 Hey, we're better school than you guys.

01:37:12.000 You're not. 1.00

01:37:12.000 You have a higher acceptance rate, which means, by definition, y'all niggas is trash. 1.00

01:37:18.000 Actually, he's going to get hired. 0.98

01:37:19.000 I didn't go to the school for education.

01:37:21.000 I went there for football.

01:37:22.000 I played in the FBS.

01:37:24.000 Oh, there you go.

01:37:24.000 Oh, excuse me.

01:37:25.000 Now it explains why you go to a retard school to go out and play sports. 1.00

01:37:30.000 No. So just accept all the interns you're saying? 0.93

01:37:34.000 Yeah, well, apply to intern for all these different law enforcement agencies.

01:37:38.000 Get yourself out there.

01:37:39.000 That's the best way by far.

01:37:41.000 Okay. And, like...

01:37:44.000 Because I think I have one lined up, and they're saying they're not going to pay me.

01:37:47.000 Just take it either way?

01:37:48.000 Take it either way, bro.

01:37:49.000 Yeah, the experience.

01:37:50.000 To get the experience, take it either way, bro.

01:37:52.000 A lot of them are not going to be able to pay you.

01:37:53.000 I'll keep a thousand with you.

01:37:56.000 But take it either way.

01:37:57.000 Okay. Football, though, you guys are pretty good.

01:38:00.000 Appreciate it. 0.99

01:38:00.000 Hey, Fred, hey, you ugly as hell, bro. 0.99

01:38:03.000 I appreciate it, guys. 1.00

01:38:05.000 Just like you, nigga. 1.00

01:38:06.000 Somalian. They're actually on the map, too. 0.98

01:38:08.000 Barbadian. Hey, nigga. 1.00

01:38:10.000 It's Bajan, nigga. 1.00

01:38:11.000 Get it right. 0.93

01:38:12.000 Coconut. Hey, coconut.

01:38:13.000 Hey, coconut boy.

01:38:14.000 Somalian pirate. 0.99

01:38:15.000 Get back on your ship, boy. 1.00

01:38:16.000 Look at me.

01:38:16.000 Coconut. I'm the captain now, nigga.

01:38:19.000 Look at me. 0.98

01:38:20.000 Me bamba clock. 0.99

01:38:21.000 That's Jamaican, nigga. 1.00

01:38:22.000 All right. 1.00

01:38:22.000 Get out of here. 1.00

01:38:24.000 All right.

01:38:24.000 Who's that next?

01:38:26.000 Yo, okay.

01:38:27.000 So, just keeping it real.

01:38:29.000 When someone says, oh, you're from Barbados.

01:38:32.000 What do they call you?

01:38:33.000 It is Bajan.

01:38:34.000 Normally, it says Barbadian.

01:38:36.000 It's like a secondary thing you would say if you're not.

01:38:38.000 Educated. It's Bajan. 0.96

01:38:40.000 Bajan? Yeah, Rihanna's Bajan.

01:38:42.000 Bajan. Yeah, you gotta say Bajan.

01:38:44.000 Cheese on bread, your rice horse. 1.00

01:38:46.000 So he's inexperienced.

01:38:47.000 That is his lingo.

01:38:48.000 But it's fine.

01:38:49.000 He's Somalian, so it makes sense.

01:38:52.000 Alright, who's next?

01:38:53.000 Alright, we have...

01:38:56.000 8-9-9-0, you are up.

01:38:59.000 8-9-9-0, you are up.

01:39:03.000 Yo, how's it going, guys?

01:39:05.000 First time caller.

01:39:06.000 Long time listener.

01:39:07.000 Been listening to this show since about 2019.

01:39:11.000 What's up, man?

01:39:12.000 How you doing?

01:39:13.000 Well, guys, appreciate you guys taking the call, man.

01:39:24.000 A little bit of my situation.

01:39:26.000 I'm 29 years old.

01:39:27.000 I work in IT.

01:39:28.000 Just purchased my first home.

01:39:30.000 Just recently had my first kid.

01:39:34.000 So really with this first home purchase kind of cleaned me out a little bit, but I'm looking to get back into, you know, saving.

01:39:40.000 Like I said, I work in IT.

01:39:42.000 I work for a software company.

01:39:43.000 I'm a project manager.

01:39:45.000 So really just working on the grind, man, and really just looking forward to really investing a little bit.

01:39:52.000 I'm always tuning in to your guys' show, and really when it comes to investing, kind of in the dark here, I'm really just kind of a saver, you know, always.

01:40:00.000 Saving up for a rainy day.

01:40:02.000 Always investing in really a savings account.

01:40:04.000 I have a Roth IRA. 0.97

01:40:06.000 I don't really fuck with 401k. 0.97

01:40:08.000 But really just kind of wanted your guys' advice. 0.98

01:40:11.000 You know, Myron, I know your expertise is really in the real estate business as well as, you know, criminal law enforcement.

01:40:17.000 I've been a fan of yours for a while.

01:40:19.000 Really just kind of wanted some insight in terms of what your guys' advice would be to kind of secure my assets.

01:40:24.000 Recently purchased a brand new vehicle as well.

01:40:26.000 So I'm just looking to...

01:40:28.000 Do what I can in terms of financial security and wanted your guys' input on that.

01:40:34.000 Well, the biggest thing, bro, is getting a skill set, man.

01:40:39.000 So you said you work for an IT company?

01:40:43.000 Did we lose them?

01:40:45.000 Yeah. Currently, I'm in IT.

01:40:48.000 Do they have a 401k?

01:40:49.000 Really doing trainings on software, kind of things like that, you know, initiating calls, really managing projects from base.

01:40:58.000 So just to recap, he bought a new house, has a new kid, has a new car, works in tech, and he's like a software project manager.

01:41:09.000 So he does have a skill set, but I would say...

01:41:14.000 The question here is more, what's the investment do?

01:41:17.000 He's trying to get financially, you know, level up.

01:41:19.000 So you mentioned something about having a Roth IRA.

01:41:22.000 How much did he make a year?

01:41:23.000 How much did he make a year, bro?

01:41:24.000 Roughly. Yeah, last year I made about 80K.

01:41:29.000 So I do a lot of travel for my position.

01:41:32.000 That's really where I get a lot of bonuses.

01:41:33.000 But I would say base level salary is about 65K.

01:41:36.000 And then, you know, really just working on bonuses after that.

01:41:40.000 So did your company offer a 401K?

01:41:44.000 They do, yes.

01:41:46.000 Okay, and do you participate?

01:41:48.000 I don't, no, sir.

01:41:49.000 Okay, so you should, because you're doing a Roth, I get it, and that's nice.

01:41:53.000 At least match.

01:41:53.000 And if they do match, max it out, get the match, because that's just free money.

01:41:57.000 Yeah. So I would do that.

01:41:58.000 I would start there, if you can afford it, you know, based on your lifestyle.

01:42:01.000 You said you had a child?

01:42:04.000 Yes, sir.

01:42:04.000 Just recently, within the past few weeks.

01:42:06.000 Okay, so...

01:42:07.000 Are you married?

01:42:09.000 I am, yes, sir.

01:42:11.000 Okay, so, yeah, so I would start there.

01:42:15.000 His wife might work, too. 0.85

01:42:16.000 Does your wife work, too, bro? 0.62

01:42:18.000 Yeah, she's actually a nurse, but I wanted her to kind of take some time off. 0.98

01:42:22.000 She's back in school, going for another degree.

01:42:26.000 What's wrong with you, bro?

01:42:29.000 All right, how much does she earn? 1.00

01:42:33.000 You said how much does she earn? 1.00

01:42:34.000 Yeah, or you said she doesn't go to work right now, right?

01:42:36.000 She's in school?

01:42:38.000 Yeah, yeah.

01:42:39.000 She recently quit her work, but yeah, she was making, I would say, about $75 to $80.

01:42:43.000 Okay, so you basically cut your income in half.

01:42:47.000 Yeah. Yeah, I mean, bro, I would say pick up another gig, bro, because now you can work more since she's home more.

01:42:52.000 She could be with the kids and you could work another job. 0.91

01:42:55.000 Yeah, because at $80,000...

01:42:57.000 And you have a skill set, so maybe you could use that skill set and get another gig.

01:43:04.000 Yeah, you know, I've been really kind of looking into other opportunities because, you know, I work from home and then, you know, like I said, I travel a good bit too.

01:43:11.000 So I'm trying to find a more stable, you know, work from home job with a little bit higher salary, you know, maybe with all my travel.

01:43:18.000 Oh, I got you, bro.

01:43:20.000 So since you work from home and you can do projects on the go, you should get actually certificates.

01:43:26.000 So what you can do as someone in IT, you can level up your actual pay skill and expertise.

01:43:31.000 With a CERT, which just means, for example, you go online and you're, I want to say, expertise for cybersecurity, your project management.

01:43:38.000 I think it's called something with a P in it.

01:43:41.000 I forgot the name of the CERT.

01:43:42.000 PMP. There you go.

01:43:44.000 PMP. I'm actually working towards it.

01:43:46.000 Nice. I'm trying to get it within the next few months, but it's kind of taking longer than I hope.

01:43:51.000 So you can bump your salary from $80,000 to $100,000 plus easily with that CERT and find way more jobs.

01:43:57.000 Because, obviously speaking, it's a thing to get once you get it.

01:44:01.000 You're in more demand and more control.

01:44:03.000 So I'll work on that.

01:44:04.000 And then the next step would be, again, maybe getting into a different cert.

01:44:07.000 But for the most part, that's where you want to start off, at least at this point.

01:44:10.000 So, not bad.

01:44:12.000 Okay. No, no, I really appreciate it.

01:44:15.000 And, you know, one question I wanted to kind of direct toward Myron, just because Myron, I know you.

01:44:20.000 You own a lot of properties, and you're really heavy in the real estate game.

01:44:25.000 From someone who's trying to get their head a little bit more secure in the real estate game, I'm hoping to, after I stay in this property that I just purchased for a few years, hopefully rent it out, have someone take care of the mortgage.

01:44:37.000 But I really wanted a little bit of advice of how you scale from one property to another.

01:44:45.000 Kind of your mindset on that.

01:44:47.000 I just save all my money, man.

01:44:48.000 I keep spending to a low.

01:44:51.000 I buy things only if I really need them or I buy for the business.

01:44:55.000 But other than that, bro, just really what it comes down to is spending a lot less than I make.

01:44:59.000 That's really what it comes down to when it comes to being able to invest and make money.

01:45:05.000 Spend as little as possible, invest the difference, and then, bam, profit.

01:45:08.000 Now, with that said, right, the more money you make, the faster you can do this, but I think the biggest thing is minimizing costs.

01:45:16.000 I know you got a family and everything else like that, but anywhere that you can cut costs or make more money, they'll help you quite a bit, bro.

01:45:21.000 That's critical.

01:45:22.000 Did you do any cross-collateral stuff on your deals when you were going to do a second or third or fourth property?

01:45:28.000 Oh, I haven't needed to, but that's something that's always been available.

01:45:30.000 Okay, that's good.

01:45:31.000 That's good, actually.

01:45:32.000 Each deal is standalone on its own.

01:45:34.000 Yep. Nice.

01:45:35.000 Cross-collateral, what you're saying, guys, is me basically using the property that I already own as collateral to secure a loan.

01:45:42.000 I haven't had to do that yet, but that is something as well that you can do down the road, which for you, you said you own a home.

01:45:47.000 That is something you could do down the road, potentially, if you have enough equity in it where it makes sense.

01:45:53.000 Got it.

01:45:54.000 Got it.

01:45:54.000 Okay, no, that's impressive that you didn't need to do that just because I know of a few people in the real estate game, and that's kind of how they kind of leveled up.

01:46:02.000 So it's really impressive that you didn't even need to go that route.

01:46:05.000 You're going to have to be frugal for a period of time and save some money, but trust me, dude, it's worth it, man.

01:46:09.000 No luxury items.

01:46:10.000 I've told you guys before a million times, I think most luxury items are a scam anyway, whether it's fine dining, luxury carcass.

01:46:16.000 I can confirm.

01:46:20.000 It is true.

01:46:23.000 You lived it.

01:46:24.000 Tell him!

01:46:27.000 He would call me up, and I'd talk to him and say, oh my god, I just got another role.

01:46:31.000 I'm like, what are you doing?

01:46:32.000 You already got one.

01:46:34.000 Like, stop, stop, stop.

01:46:35.000 But it's a write-off, right, Steve?

01:46:37.000 Huh? It's a write-off.

01:46:38.000 It was a write-off, but then...

01:46:40.000 It was a write-down. 0.99

01:46:45.000 To see, here's what I've learned from being a nigga. 0.99

01:46:51.000 No, no, just keep it real quick. 0.99

01:46:52.000 No. So, listen.

01:46:55.000 I've done everything I've wanted to do since I'm having money.

01:46:59.000 Travel, girls, lifestyle, cars, luxury items.

01:47:03.000 And from my experience, my King Solomon wisdom, I've realized after two years.

01:47:10.000 You're still the same person.

01:47:11.000 I know, but hold on, I'm getting old.

01:47:12.000 I'm 32, bro.

01:47:13.000 I got some gray on my beard now.

01:47:14.000 I've realized, bro, the fine dining is a scam.

01:47:18.000 You know why?

01:47:19.000 I had a home-cut meal today.

01:47:21.000 It was better than that.

01:47:21.000 You know what it cost me?

01:47:23.000 I don't know.

01:47:23.000 Who cooked it?

01:47:24.000 Nothing. Just the grocery.

01:47:25.000 The grocery bill.

01:47:26.000 Well, Miss Pari from France cooked it for me.

01:47:29.000 I bought chicken breast.

01:47:30.000 I got two for one from Publix.

01:47:35.000 Yeah. You know?

01:47:36.000 So I paid for one, got two.

01:47:37.000 I got broccoli and corn.

01:47:40.000 The whole meal cost me $25.

01:47:44.000 There you go.

01:47:44.000 And that's two meals in one.

01:47:46.000 Listen, bro.

01:47:47.000 It tastes better.

01:47:48.000 It's bigger portions. 1.00

01:47:51.000 And I got a fat ass cooking the food, bro. 1.00

01:47:53.000 There you go. 1.00

01:47:53.000 Can't beat that. 1.00

01:47:54.000 Yo, the nigga, the chef in the fine dining restaurant, I can't see that nigga's ass. 1.00

01:47:58.000 Pause. I don't want to see it anyway. 1.00

01:47:59.000 The point is, bro, it's a scam.

01:48:03.000 300 bucks, 25 bucks.

01:48:05.000 Also, luxury cars.

01:48:07.000 Brother, I've been there.

01:48:09.000 You know this.

01:48:10.000 I save a lot of money in taxes, but we save a lot of money too.

01:48:12.000 I'll say this, though.

01:48:13.000 The experiences I got from it, the networking, incredible.

01:48:17.000 But, I should be like Myron.

01:48:18.000 A little bit more.

01:48:20.000 But, also as well, real estate.

01:48:22.000 Best thing I ever did.

01:48:23.000 Property that I have.

01:48:25.000 Big W. But, the fine dining, the lifestyle.

01:48:29.000 Oh, one more thing.

01:48:30.000 Luxury items.

01:48:30.000 Gucci, Louis Vuitton, all that stuff.

01:48:32.000 Bro, I go to Zara now.

01:48:34.000 I'm in better shape.

01:48:35.000 The same items you see on those walls, luxury, Louis Vuitton, all that stuff, are very similar to Zara.

01:48:42.000 Just, oh, what brand is that?

01:48:43.000 It's so nice on you.

01:48:44.000 And it's like, oh, Zara.

01:48:45.000 Oh, I thought it was Louis Vuitton.

01:48:47.000 Yeah. So, I think just being in shape helps you with what you wear as well.

01:48:52.000 So, honestly speaking, the whole experience itself was cool, but for you guys watching, man, you don't have to make those same mistakes that I did.

01:48:59.000 Right. You know?

01:49:00.000 And I wanted to experience it, and I did, and I'm glad I got to experience it, but overall, bro, all you need is a whole cup meal, a nice fat ass. 0.98

01:49:06.000 MC Hammer.

01:49:07.000 And one or two luxury cars that you like.

01:49:10.000 And that's it.

01:49:10.000 You remember MC Hammer?

01:49:11.000 Yeah! What did he have, 56 million?

01:49:13.000 Bro, I think you went, bro.

01:49:14.000 But again, I can see why because you get caught up in the lifestyle and you don't want to give it up.

01:49:18.000 No, yeah, yeah, yeah.

01:49:19.000 But I can do it.

01:49:20.000 Now I can go to the park with my dog, just chill, play some League of Legends with my chicken.

01:49:25.000 Yeah. Because you've tasted that, you've had it.

01:49:27.000 It's like, okay, it's nice.

01:49:28.000 I've had it, but do I need to continue doing this to feel different about myself or who I am or to add value to this world?

01:49:34.000 No, you don't.

01:49:35.000 Yeah, you don't.

01:49:35.000 You don't.

01:49:35.000 Honestly, you don't.

01:49:36.000 So, it's been fun, but...

01:49:37.000 Yeah, man.

01:49:38.000 That's what I'll say.

01:49:38.000 Save that money, bro.

01:49:40.000 Stay away from the luxury bullshit. 1.00

01:49:41.000 It's all scam anyway. 1.00

01:49:42.000 Yep. So, yeah.

01:49:44.000 Alright, who's up next?

01:49:46.000 I appreciate it.

01:49:46.000 I appreciate it, guys.

01:49:48.000 Alright. Alright.

01:49:50.000 I think we got...

01:49:51.000 We're gonna have an after hours for you guys here in a little bit.

01:49:53.000 I'll answer a few more questions and we'll close this thing out.

01:49:56.000 How long have you been going now?

01:49:57.000 I was just reading that.

01:50:00.000 It's funny, I said that.

01:50:03.000 She's like, what does that mean?

01:50:04.000 I think it beats me if I know.

01:50:07.000 Alright, what do we got up next?

01:50:09.000 We have 6889, you're up.

01:50:15.000 6889, you're up.

01:50:18.000 Hello? Yo.

01:50:21.000 Hey, how are you guys doing?

01:50:22.000 What's up, man?

01:50:23.000 What's your question?

01:50:23.000 I just have a quick question.

01:50:25.000 So, I recently made about six figures on a Trump coin, and I was just wondering what's the best way of not paying as much taxes as declaring, you know, as a short capital gain tax.

01:50:38.000 You made money on the Magda coin. 0.98

01:50:39.000 I was trying to get that shit out without... 0.75

01:50:40.000 Did you make it in 2024, or did you do it in 2025? 0.85

01:50:44.000 25. No, I made it in 2025 right in the beginning.

01:50:47.000 Okay. Alright, so just see how the year plays out.

01:50:51.000 At the end of the year, I could give you one strategy.

01:50:54.000 So, I don't know, do you have other coins that you have that are kind of like down 90, 80, 90% or whatever that you're just kind of hanging on to?

01:51:04.000 Yeah, I mean, after the Trump coin, I've been playing a lot of meme coins and I think I lost like 10 to 15 grand.

01:51:11.000 Okay, so then you could use those to harvest losses.

01:51:14.000 I don't know what projects you're in, but you can wait to the end of the year to do it just to see where you're at, just to see how the market goes and see where you're at.

01:51:19.000 And then right at the end of the year, because right now we have, you know, the IRS does not consider, like they don't have the tax harvesting rule where you have to like, you know, you can't do it like, it's called wash sales for stocks.

01:51:34.000 So if you buy something, you can't buy it back within 30 days.

01:51:37.000 So you can do that with crypto, though, because it's not considered a stock.

01:51:41.000 It's considered an asset.

01:51:43.000 So you can buy it back.

01:51:44.000 You can sell it on December 30th or 31st and buy it back the beginning of the year, like on the 1st or 2nd of January, if you want those assets and you think those assets are going to go up.

01:51:54.000 There's a lot of people with what they...

01:51:56.000 What is that?

01:51:57.000 Freaking pulse chain, you know, that went down.

01:52:00.000 And then, you know, there's still, you know, you got the diehards that are going, oh, this is going to go up.

01:52:03.000 And, you know, it's still down, like, I don't know, you know, at least 80%, 90%.

01:52:08.000 You know, something similar to that.

01:52:10.000 Like, if you have something in your portfolio holding, wait it till the end of the year, see where you're at, sell it.

01:52:14.000 And if you think that thing's going to come back, just buy it back in the beginning of the year.

01:52:18.000 And then you can harvest that loss and net it against your gain on the Trump coin.

01:52:25.000 That makes a lot of sense.

01:52:26.000 I appreciate it for that.

01:52:27.000 You got it.

01:52:30.000 All right, you guys have a good day.

01:52:31.000 All right.

01:52:34.000 All right.

01:52:35.000 Cool. What else do we got?

01:52:39.000 You got any chats there or no?

01:52:40.000 Yeah, we can read some chats and close out because I don't know where...

01:52:43.000 Is Chris here yet or no?

01:52:44.000 Not yet, but we can start getting ready.

01:52:46.000 Yeah, because we're going to get going for after hours here in a little bit.

01:52:48.000 Master Debater.

01:52:49.000 Hey, Myron, I watched your morning routine video, and it was very inspiring.

01:52:54.000 Do I have to wear the Rolex while working out and showering?

01:52:56.000 It can be quite uncomfortable. 0.95

01:52:58.000 This guy's crazy. 0.98

01:53:00.000 All right. 0.99

01:53:00.000 What else do we got? 0.99

01:53:01.000 I'm sure you already knew.

01:53:03.000 Blue, the last dollar I gave you on Plan B, so here's one more fresh.

01:53:06.000 Get yourself something nice this time.

01:53:07.000 Hey, man.

01:53:08.000 I saved you from having a kid, bro.

01:53:09.000 It's a W. You're right.

01:53:11.000 Steve is the best.

01:53:12.000 If Steve is too backed up with clients for accounting, my accountant in Chicagoland area could most likely help anyone here who needs an accountant.

01:53:18.000 I trust.

01:53:19.000 DM me on one chest.

01:53:21.000 APAC trucker?

01:53:21.000 APAC trucker for my accountant's info.

01:53:23.000 All right.

01:53:23.000 Thanks, bro.

01:53:25.000 I watched Fresh as a routine, but I have a question.

01:53:27.000 Do I seriously need the bananas and Saratoga water?

01:53:29.000 Can I use coconut water instead?

01:53:31.000 Anyhow. WFresh, WM Iron, WBills and Moe, and L. Chris for being a bum.

01:53:37.000 Chris at 8am.

01:53:38.000 We do it live.

01:53:39.000 Take a sip of Henny. 1.00

01:53:40.000 What the fuck? 1.00

01:53:42.000 Yo. Yep, that's his car. 1.00

01:53:47.000 Hey, yo, Moe, put that up. 1.00

01:53:48.000 Absolute cheat code.

01:53:49.000 Oh, that's the...

01:53:50.000 2023 BMW paid off fresh.

01:53:52.000 Look over for me.

01:53:52.000 I'm always on the road.

01:53:53.000 So, the lore of this is that, like, a pink car does get you a lot of attention, and girls love pink cars.

01:53:59.000 So, go figure.

01:54:01.000 You're gonna get...

01:54:01.000 Girls hit you up.

01:54:02.000 Oh my god, nice car.

01:54:03.000 I love your car, babe.

01:54:05.000 It's like, you wanna get inside?

01:54:06.000 Just kidding.

01:54:07.000 But no, it does bring to your car a lot of attention.

01:54:11.000 We're on YouTube, Myron.

01:54:14.000 We're comedians.

01:54:16.000 There is a method to the madness, at least.

01:54:19.000 I get it.

01:54:20.000 Hello, Myron.

01:54:21.000 I heard on the last episode of Debrief, you'll be coming out to Austin next week, and I'm so mad I will be missing another chance to meet you.

01:54:26.000 I'll be in military training next week in another state.

01:54:29.000 Serving Benjamin.

01:54:32.000 I see what you did there.

01:54:33.000 Hopefully soon you guys will have a meetup in Texas WD Brief.

01:54:36.000 I appreciate that, man.

01:54:37.000 Yeah, I'm still, I haven't locked it in yet, but I'm thinking about going next week. 0.97

01:54:40.000 Do some shit with Info Wars.

01:54:41.000 But it would be like a day or two. 0.99

01:54:43.000 I'd come back immediately.

01:54:45.000 I'd be out there for 24 to 48 hours max.

01:54:47.000 I think a real discussion when it comes to an expunged record is whether or not the expunged record can disqualify you from a licensed position, not necessarily whether or not it can be reviewed or seen from a government agency.

01:54:57.000 The reason I say this is because I had a felony expunged in North Carolina.

01:55:00.000 I was able to obtain my CCWP in Florida when I got fingerprinted.

01:55:03.000 My record doesn't show up also when obtaining my RN license or when I do a personal FBI background check on myself.

01:55:11.000 Interesting. Depends on the age, maybe?

01:55:15.000 Something's off there.

01:55:16.000 Was he a minor? 0.99

01:55:17.000 Uncle Luke is crazy, bro.

01:55:19.000 He gets photos in the actual super chat.

01:55:23.000 Also, a sealed record versus an expunged record are two separate things.

01:55:26.000 If it's a state offense, always follow up with the laws of that state in which you were convicted, and if it's not a federal crime.

01:55:32.000 Alright, well, being convicted felon having a gun is a federal crime, bro.

01:55:37.000 So, the state might protect you, but it's still a federal crime.

01:55:41.000 Dan KG says, I made an LLC for my gym clothing brand a year and half ago and realized later that mine was right.

01:55:48.000 It's difficult to build it up.

01:55:49.000 I've had the LLC over a year now and haven't spent or made a dime last year.

01:55:52.000 Should I disband it now and later on when I'm ready to make a new LLC for when I'm ready for something?

01:55:57.000 Yeah, definitely, yeah.

01:55:58.000 So, yeah, don't keep it hanging out there because the IRS is going to...

01:56:02.000 Still be looking for filing, so just do a final on it.

01:56:06.000 I told you guys that the Merch Gang is very difficult if you don't have a platform, bro.

01:56:09.000 Nobody's going to buy your ship if they don't know you.

01:56:10.000 Yeah, also, Steve spoke about it as well last podcast.

01:56:13.000 Why start LC without making any money at all?

01:56:16.000 Remember you mentioned that?

01:56:17.000 Yeah. So, I mean, yeah.

01:56:18.000 I mean, if you want to have a legitimate business that you're profiting and you're making money before you get incorporated and then go through the hassle of paying the fee, doing all the administrative paperwork and everything.

01:56:27.000 So, yeah.

01:56:28.000 So, definitely, if this thing is not being used, don't keep it out there because the jurisdiction of the state plus the annual report for the registered agent, they're going to look for that fee and that filing.

01:56:38.000 And the federal, you know, the federal is going to be looking for the tax return, too.

01:56:42.000 So just, you know, do a final, check the box final in it, and then you'll be taken out of the IRS, you know, repository.

01:56:49.000 And they won't be looking for filings in the next year.

01:56:54.000 All right.

01:56:55.000 All right.

01:56:56.000 Who's up next?

01:56:58.000 Or, no, chats?

01:56:59.000 Actually, there are some donations from Castle Club.

01:57:02.000 All right.

01:57:02.000 What else?

01:57:03.000 Oh, on the phone lines?

01:57:04.000 Yes. How many more?

01:57:07.000 One or two more?

01:57:07.000 All right, we'll knock out two more phone calls, guys, and then we're going to close out because I do got to talk with Steve about some ITAC stuff anyway.

01:57:13.000 Yes. So, six.

01:57:17.000 You want to do this one?

01:57:18.000 I'll read the chats, then we'll finish off on the phone calls.

01:57:20.000 Hey, Steve, we're constantly advancing.

01:57:22.000 How is it affecting the accounting field currently, and what do you think will replace in the field?

01:57:26.000 I'm currently working on acquiring my CPA out of Toronto and have some concerns on how it will affect the field.

01:57:32.000 I mean, so the only thing I can see right now helping us do is, like, create emails and do some research tax-wise and to respond to customer-client stuff, like memos and, you know, writing to the IRS.

01:57:44.000 But as far as, like, the automated stuff, that's already been in play, like, I'd say for the past, like, 15, 20 years, like, you know, linking your bank account with QuickBooks.

01:57:54.000 All the data from the bank goes in there and you could link your credit cards as well.

01:57:58.000 All the data goes into these accounting programs.

01:58:01.000 And then intuitively, the accounting program kind of understands where certain transactions go based on their label.

01:58:07.000 So we've already had kind of like AI.

01:58:10.000 For a long time, so I don't know.

01:58:13.000 I mean, I guess I could foresee the next, you know, few years where an AI can actually go out, you know, program an agent to actually look at documents, pull data off of that document and know exactly where it goes on a field.

01:58:25.000 That's, I guess, the next step.

01:58:26.000 And hypothetically, I guess, you know, we could see that in the future.

01:58:30.000 But it hasn't, yeah, it hasn't.

01:58:33.000 Had too much of an impact.

01:58:34.000 But it's going to make a lot of the mundane tasks a lot easier in our industry.

01:58:41.000 All right.

01:58:43.000 Shout out to Santos.

01:58:44.000 Gift advice.

01:58:45.000 Subscriptions to Fresh Fit.

01:58:46.000 Appreciate that, my friend.

01:58:47.000 Shout out to you, bro.

01:58:48.000 What do we got here?

01:58:50.000 Okay. 1775 Coffee.

01:58:55.000 Basically, guys, if you're still drinking weak corporate coffee or doing life wrong, 1775 Coffee is for men who actually stand for something bold, strong, and unapologetically American.

01:59:03.000 It's the official coffee of Rumble, roasted fresh, none of that woke ESG garbage, whole bean, ground, or pods, however you brew it, it hits hard.

01:59:10.000 Go to 1775coffee.com, use code FRESH for 50% off, and every dollar enters you to win a Cybertruck in 30k cash.

01:59:17.000 Be a man, drink real coffee, 1775.

01:59:19.000 And yeah, guys, go support.

01:59:21.000 1775 Coffee.

01:59:22.000 Like, you guys know Rumble's had our back.

01:59:23.000 We've been demonetized for damn near two years now.

01:59:25.000 Yep. We don't know if we'll ever get it back, but Rumble's been there with us.

01:59:30.000 And, you know, shout-out to Steven Crowder, by the way, and a bunch of other guys who went only on Rumble today.

01:59:35.000 I'll give them a Don DeMarco.

01:59:36.000 Yep, not streaming on YouTube anymore.

01:59:38.000 Don DeMarco. 0.99

01:59:39.000 They're only streaming on Rumble, so we'll probably be joining here soon with that shit, man, because YouTube pisses me off, too, as you guys know. 0.98

01:59:46.000 We just use YouTube basically to... 0.96

01:59:48.000 Convert some more people over to the Rumble side because Rumble really is the free speech app and it's the best platform, bro.

01:59:53.000 Definitely is. 0.91

01:59:53.000 And I know some of you guys complain about UI and shit like that. 0.91

01:59:56.000 Trust me, it's going to get better. 0.51

01:59:59.000 And, you know, if YouTube keeps up the censorship...

02:00:02.000 Bro, you're going to see pretty much all the political commentators, all the people that have any type of content that could be deemed as controversial coming on over to Rumble.

02:00:11.000 So there's already a bunch of guys over there, man.

02:00:13.000 So Rumble is the home of free speech.

02:00:15.000 So support 1775 Coffee, support Rumble.

02:00:17.000 That is the home base for us, you guys already know.

02:00:20.000 It's always going to be our priorities whenever we stream.

02:00:22.000 If we stream on YouTube, it's only for the purpose of bringing more people to Rumble at this point.

02:00:27.000 Shout out to RumbleMan, AnchOzClub, and all you guys in free speech.

02:00:31.000 What else we got?

02:00:33.000 We have 6-9-2-3, you are up.

02:00:37.000 6-9-2-3, you are up.

02:00:38.000 Welcome to the show.

02:00:40.000 All right.

02:00:41.000 Hey, how you doing?

02:00:42.000 I have a little bit of an issue right now.

02:00:45.000 Basically, I have $15 million in assets.

02:00:49.000 I have $20 million in liquid cash.

02:00:51.000 And I just find myself just, you know, sitting inside of my mansion. 0.99

02:00:56.000 Most of the time, just thinking about how I'm going to slap the fuck out of Myron. 0.99

02:01:01.000 This is Millionaire Bachelor. 0.99

02:01:06.000 The last time that you... 1.00

02:01:08.000 You hung up on me last time like a bitch. 1.00

02:01:11.000 Bro, you talking about your money and your mansion, bro? 1.00

02:01:14.000 Stutter and Stanley.

02:01:15.000 I'm not talking to you, Stutter and Stanley. 0.99

02:01:16.000 But you're calling this show, nigga. 1.00

02:01:18.000 So, respectfully, nigga, you're a bum. 1.00

02:01:20.000 Stutter and Stanley. 1.00

02:01:21.000 You're a bum, bro. 0.99

02:01:22.000 Stuttering Stanley. 1.00

02:01:22.000 You are a bum. 1.00

02:01:23.000 Stuttering Stanley. 1.00

02:01:24.000 You're calling our show.

02:01:25.000 You don't have more money than me.

02:01:28.000 How am I, bum? 1.00

02:01:28.000 And you're sucking dick to get rumble deals. 1.00

02:01:31.000 You don't know how much money I have. 1.00

02:01:32.000 Actually, nobody does.

02:01:33.000 You have no money.

02:01:35.000 We appreciate the call and the viral clap.

02:01:37.000 Thanks for the viral clap.

02:01:38.000 We appreciate that.

02:01:40.000 I'm going to use that on my social media, too.

02:01:43.000 I'm in my mansion.

02:01:45.000 I'm in my mansion.

02:01:47.000 And I have all this money, but I'm calling it to someone else's show because I'm a bum.

02:01:51.000 Oh my god! 1.00

02:01:52.000 I'm sending this out of my swimming pool right now with a bitch. 1.00

02:01:55.000 What are you talking about? 1.00

02:01:56.000 I think this is fun.

02:01:58.000 Well, why are you calling us that?

02:01:59.000 Jesus. Go get busy.

02:02:02.000 Like, why are you calling into a show if you're so, you know, rich and everything?

02:02:07.000 And here's the thing, bro.

02:02:08.000 I already know who you are.

02:02:08.000 You do realize that, right?

02:02:09.000 I know your real name, Lyson.

02:02:11.000 You're a failed R&B singer and a failed rapper as well.

02:02:14.000 You actually don't because that's a lie. 0.99

02:02:21.000 That's a lie.

02:02:22.000 That's not even me. 1.00

02:02:23.000 You guys are morons. 1.00

02:02:25.000 That's not even me, you moron. 1.00

02:02:28.000 You guys got capped by another moron. 1.00

02:02:32.000 That's not even me. 1.00

02:02:33.000 See, bro, I find it interesting, right?

02:02:36.000 Guys like you are trying to make a name for yourself, but you're too scared to show your face.

02:02:42.000 You're too scared to show who you are.

02:02:43.000 Let me give you a tip, bro, because your YouTube channel has failed and nobody watches you.

02:02:47.000 No one's gonna watch you if they don't know who you are, if they don't know who the man is behind.

02:02:51.000 And the reality is, any man, we work towards a name. 1.00

02:02:54.000 The fact that you don't want to reveal your name, who the fuck you really are, tells me that you're a fucking coward. 1.00

02:02:59.000 This is why you're on a faceless account, you hide your identity, because at the end of the day, bro, you're a failed R&B singer and a failed rapper. 1.00

02:03:05.000 We know who you are, bro. 0.99

02:03:06.000 Alright, nigga, so I'd be mad too if I were you. 1.00

02:03:09.000 So, go ahead and sit in your mansion, or whatever the fuck you claim you have. 1.00

02:03:12.000 And watch us, nigga, like you already are. 1.00

02:03:14.000 But at the end of the day, bro, we're more successful than you, we're more known than you, we've helped more people than you have, and we've created more value in the world. 0.99

02:03:20.000 So you can just sit there and hate like you are, because I find it pathetic that you've been watching our show now for damn near two hours to try to call in to talk shit. 0.99

02:03:27.000 It makes zero sense. 1.00

02:03:28.000 But Saints already exposed you, you bitch-ass nigga. 1.00

02:03:31.000 So there's not even a point to talk to you. 1.00

02:03:34.000 We already know who you are. 0.99

02:03:35.000 That's why you have that weird, soft-ass voice, because you're a failed R&B singer. 0.99

02:03:39.000 And you're a failed rapper as well. 0.98

02:03:41.000 If you put as much energy into something productive than this, man, you'd probably be successful.

02:03:46.000 Yeah, bro. 1.00

02:03:47.000 Say I already exposed your bitch ass, nigga. 1.00

02:03:48.000 You're a nobody. 1.00

02:03:49.000 So, with that said, fuck off. 1.00

02:03:52.000 Yeah, fucking coward. 1.00

02:03:54.000 Talk about you all smack people. 1.00

02:03:55.000 Nigga, you don't even show your face. 1.00

02:03:56.000 You don't even show your name. 1.00

02:03:57.000 You're a coward for real. 1.00

02:03:59.000 You can't sit here and talk shit about niggas when you're using an anon YouTube account. 1.00

02:04:02.000 Get the fuck out of here, bro. 1.00

02:04:04.000 Alright, who's up next? 0.99

02:04:05.000 Drop him? 0.89

02:04:06.000 Yeah, I dropped that nigga, bro. 1.00

02:04:07.000 Alright. Fucking weirdo, bro. 1.00

02:04:11.000 Who's your favorite army singer? 1.00

02:04:13.000 Dylon! Lyson!

02:04:14.000 Yeah, bro.

02:04:15.000 Lyson, Lyson, Lyson. 1.00

02:04:16.000 This nigga St. Ernie bodied this nigga, bro, and exposed his real name and all that shit, bro. 1.00

02:04:21.000 Yo, Marquette don't play, bro. 1.00

02:04:22.000 Well, fuck out of here, man. 1.00

02:04:23.000 Yo, bro. 1.00

02:04:24.000 You don't want to have Marquette as your enemy, bro.

02:04:27.000 Just saying.

02:04:28.000 All right.

02:04:30.000 This could be the last one.

02:04:32.000 1-6-1-6, you're up.

02:04:34.000 1-6-1-6, you're up. 0.99

02:04:37.000 That guy was funny as fuck, bro. 1.00

02:04:39.000 Holy shit. 1.00

02:04:42.000 What's up, Mark? 0.99

02:04:43.000 What's up, Fresh?

02:04:44.000 What's up, man?

02:04:47.000 I just had a quick question for Steve.

02:04:51.000 I know you work with a lot of small businesses.

02:04:55.000 What, if any, business insurance would you recommend?

02:05:00.000 I know it's kind of a weird question, but I know you work with a lot of small businesses.

02:05:04.000 What type of work do you do?

02:05:07.000 I'm sorry?

02:05:08.000 What type of work?

02:05:09.000 Are you doing...

02:05:10.000 Restaurant. Restaurant?

02:05:12.000 So you definitely want workers' comp. 0.91

02:05:14.000 Workers' comp insurance because you're always going to have somebody cut their finger or slip and fall.

02:05:18.000 And then you probably want an umbrella policy or something like that.

02:05:22.000 You could talk to your insurance agent about getting something like that if you have other assets that you need to protect on the personal side.

02:05:28.000 Because the corporate shield only protects you for a certain amount, but you're always going to be personally held liable for certain things.

02:05:34.000 General liability insurance.

02:05:37.000 Yeah, definitely.

02:05:37.000 That's got to probably be something that you don't want to talk to, you know, a good insurance guy.

02:05:43.000 Do you have somebody already you're working with on the insurance side?

02:05:46.000 Yeah, we use Hartford.

02:05:49.000 I don't know if you've heard of him before.

02:05:50.000 Yeah, that's what I have.

02:05:52.000 I have Hartford.

02:05:53.000 But I feel like they're too expensive.

02:05:55.000 They're getting too expensive.

02:05:57.000 But that's why I was asking.

02:05:59.000 I mean, you could shop it out.

02:06:00.000 You have State Farm.

02:06:01.000 You have other companies out there that you could shop it out to.

02:06:04.000 The lines, too.

02:06:05.000 To get a more competitive rate and make sure that the caps that you're getting on them are equivalent, too.

02:06:11.000 Because sometimes they'll say, oh, we could save you money, but then you're not getting as much coverage.

02:06:15.000 So you've got to be careful for that.

02:06:18.000 Yeah, so I would say definitely start there.

02:06:20.000 You want the general liability.

02:06:21.000 You want definitely the workers' comp, especially in a restaurant.

02:06:24.000 Because you're always going to have injuries.

02:06:25.000 People are always going to slip and fall or whatever.

02:06:28.000 The worker's comp and umbrella policy?

02:06:31.000 Well, the umbrella policy, do you have other assets like, you know, like real estate holdings, you know, you own your own house or have any other investment properties?

02:06:42.000 No, mainly just the restaurant.

02:06:44.000 Okay, so maybe you're not there yet.

02:06:47.000 Yeah, so maybe just the general liability to work right now to start with.

02:06:51.000 Okay. And do you do accounting like out of state?

02:06:55.000 Yeah, I have clients out of Florida.

02:07:01.000 Yeah, definitely.

02:07:03.000 Okay. All right, well, thanks for the free game, man.

02:07:06.000 I just seen on your bio, like, it costs, you know, $200 or $300.

02:07:11.000 So, you know, it means a lot for you to come out here to Fresh and Fit and people like free game.

02:07:16.000 Appreciate it.

02:07:17.000 Yep, you got it.

02:07:18.000 And one last question.

02:07:20.000 This is not a hater question.

02:07:22.000 Brett, why are you ducking Sneeko, bro?

02:07:24.000 You called him out.

02:07:25.000 Who's ducking him?

02:07:28.000 You're ducking him, bro.

02:07:29.000 How? You called him out, and then now...

02:07:32.000 No, no, no, no.

02:07:32.000 Explain to me how I'm ducking him.

02:07:34.000 Please, please.

02:07:35.000 In full detail, explain how.

02:07:38.000 In full detail, explain how you're ducking him?

02:07:40.000 Yes. Hold on one second, brother.

02:07:47.000 He's got to go get his notes.

02:07:49.000 I'm going to tell you what, bro.

02:07:53.000 I'm going to drop this whole expose tomorrow on the podcast.

02:07:59.000 I'm going to show you in detail why Aiden lied, Sneakle lied, and the truth shall be revealed, my friend. 1.00

02:08:05.000 Nobody duck shit, nigga. 1.00

02:08:07.000 We're still going to do shit. 1.00

02:08:08.000 Hold on. 1.00

02:08:10.000 We're going to do it on the podcast, bro.

02:08:12.000 Tomorrow. Trust me.

02:08:13.000 I got you, brother.

02:08:13.000 Don't worry.

02:08:14.000 I got you.

02:08:15.000 I want to see that fight happen.

02:08:16.000 Yeah, yeah.

02:08:17.000 No. They made these crazy headlines, bro.

02:08:19.000 That's all false.

02:08:20.000 Even Elon Musk's Grok said that it was a lie.

02:08:22.000 But don't worry, bro.

02:08:23.000 I got y'all niggas, man. 1.00

02:08:24.000 Nobody ducked shit. 1.00

02:08:26.000 Okay? We didn't duck shit. 1.00

02:08:28.000 I'm not saying that you ducked. 1.00

02:08:29.000 Nigga, you just did. 1.00

02:08:30.000 You just said it fresh.

02:08:31.000 Why you ducked your stick?

02:08:32.000 Bro, he needs to pray for some help.

02:08:35.000 Because he needs help.

02:08:36.000 It's coming pretty soon.

02:08:38.000 Just saying.

02:08:39.000 It's all good, though.

02:08:40.000 That's what Aiden and Sneeko said, bro.

02:08:41.000 I don't know the context.

02:08:43.000 Well, you're going to find out tomorrow.

02:08:45.000 I'm happy that you're not ducking.

02:08:46.000 Nobody duck, bro.

02:08:47.000 All right.

02:08:48.000 All right.

02:08:48.000 Hey, he's not ducking, chat.

02:08:50.000 So if it doesn't happen, shit, he was captain. 0.99

02:08:52.000 All right. 1.00

02:08:53.000 All right, brother.

02:08:54.000 All right, thanks for calling in, man.

02:08:56.000 All right, we will be live with some lovely ladies, guys, here probably within the hour. 1.00

02:09:00.000 I'm thinking about 11 o'clock, man.

02:09:01.000 Hope you guys enjoyed the call-in show.

02:09:02.000 Yeah. That fucking weirdo, that nigga didn't expect that. 1.00

02:09:07.000 Bro. We know who you are, nigga. 1.00

02:09:10.000 Yo. And if you keep doing this shit, I'm gonna show who the fuck you really are, because I know exactly who you are, nigga. 1.00

02:09:15.000 We got your pictures and all that shit, you fucking, you soft as a fucking, I mean, baby's bottom. 1.00

02:09:19.000 Why would you try that? 1.00

02:09:20.000 Soft-ass voice. 0.55

02:09:21.000 Target. Fat girl titties. 1.00

02:09:22.000 And you're right, he waited the whole time. 0.99

02:09:24.000 Federal agent, bro. 1.00

02:09:25.000 Bro, a nigga's an idiot, man. 1.00

02:09:26.000 Fucking weirdo. 1.00

02:09:28.000 Bro. It's not how you build an audience, bro. 1.00

02:09:31.000 Also, what person with money says, Oh, bro! 0.99

02:09:34.000 I got a $20 million mansion and shit. 0.99

02:09:36.000 No one does that. 1.00

02:09:37.000 Nobody says that shit. 1.00

02:09:39.000 Anyway. Yeah, man. 1.00

02:09:41.000 You're a weirdo. 0.99

02:09:42.000 Topshake. Hello, Steve and FNF gentlemen. 0.98

02:09:43.000 Question. I'm a new business owner.

02:09:44.000 What are the following things I need to look forward to to prepare for tax season 2026?

02:09:49.000 So, one of the things I mentioned earlier in our show is that the 2017 jobs tax cut is going to sunset this year in 2025.

02:09:57.000 So, hopefully it gets renewed so we keep the tax rates for everything lower and we get better credits for next year.

02:10:03.000 So, that's the only thing to look out for to see if they get that renewed and extend these.

02:10:08.000 Tax cuts that we had for the rates, it's going to go about 2 and some, like maybe 2.5% across the board for everybody.

02:10:15.000 The standard deduction that we have is about 30 grand.

02:10:18.000 That's going to go back down to 18. And then...

02:10:21.000 They're going to bring back the exemption, which is about $4,500 per kid or dependent.

02:10:27.000 So you would have to have like five kids for it to make sense.

02:10:31.000 So if that goes away, that's going to be worse.

02:10:34.000 Plus the cap on the income is up to $600,000 now before it hits the highest rate.

02:10:38.000 That's going to be going down to $400,000 back to what it was pre-2017.

02:10:43.000 So hopefully this thing gets renewed and we'll keep you guys posted.

02:10:48.000 All right. 0.99

02:10:49.000 Shit. Cool. 1.00

02:10:51.000 Guys, hope you guys enjoyed the stream.

02:10:52.000 We'll be back in about an hour with some lovely ladies. 1.00

02:10:55.000 Timestamps will be back very soon.

Fresh & Fit - September 29, 2025

Money Monday Call-In Show w- Steve From Accounting

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