The Best Watches To Hold And Make Money w- Neel Time Piece Trading
Episode Stats
Length
1 hour and 17 minutes
Words per Minute
169.80957
Summary
On today's episode of the Frustrated Podcast, we have a special guest in the house, Neil from Time Peace Trading. Neil is one of the best in the game when it comes to selling luxury watches. He has been around the business for a long time and is a master at getting people into their dream watches. He is also a very successful networker in the industry and has a lot of experience in sales, marketing and all things related to the industry. He is a great person to talk to and we had a ton of fun talking about all sorts of things, including how to get into the industry, what to look for in a watch, how to start selling, and how to find the best watch to start with! Also, we are doing a Zoom Call with Jeremy at The Castle Club tomorrow about marketing and ads at 7pm on Castle Club. Also, if you have questions, this is the guy to ask them. Thank you for listening to the show! -Nick - and we're live! Check us out over at Casco on Casco.tv! And we're back with a new episode on the Fresh Hit Podcast, Monday, a.k.a. Money Monday! We're back and we are back with another special edition of the show. . I hope you guys enjoy the show, and stay tuned for the next episode on Money Monday. - Nick ! (Nick) & we'll see you soon! ( ) Nicky Love, Nicky, Mike Thank you, :) - - Mike - Pajit - Cheers, Nick - The Money Monday Podcast Cheers! - :D - Thank you and we'll See Ya'll, - NICKY! & We're Live! Love Ya'll! CHEERS! XOXO - THE FAST FOLLOWING - CHECK OUT THE SHOW! - MONEY Monday! - THE PODCAST - BABY'S - MONDAY! - CHOO CHOOTER - JUICYOLLY - YO CHEE CHO CHEER! - SPOTY CHOOO CHOOD - WE'LL HAVE A PICK ME OUT! - POOCHO CHOOOT CHOOR
Transcript
00:16:41.000
I got a special edition for Money Monday with Neil from Time Preach Training.
00:17:42.000
If not, probably the best in the game when it comes to luxury watches.
00:17:48.000
Quick announcement when we get into the show, guys.
00:17:51.000
Also, guys, if you've got questions, this is...
00:17:54.000
Literally, you have one of the best in the industry here.
00:17:56.000
So if you guys got questions, whether it comes to luxury watches, getting into the profession, selling, flipping, whatever it may be, all this stuff, this is the guy that you want to ask questions to.
00:18:07.000
And then, Fresh, you have anything you want to say?
00:18:08.000
Also, tomorrow, we're doing a Zoom call with Jeremy about marketing and ads at 7 p.m.
00:18:16.000
Jeremy's one of the top people for marketing and ads.
00:18:27.000
Because I might be live streaming to the election shit.
00:18:41.000
I did an episode of FedReacts on the Young Thug situation real fast because I didn't feel good yesterday, but I gave him an hour-plus stream a little bit, and then now we're here doing this.
00:18:51.000
But without further ado, welcome to the show, Neil from Time Peace Trading.
00:18:59.000
Guys, I'm Neil from Time Peace Trading in Miami.
00:19:02.000
If you guys are looking for any watch in the world, I get it to you the quickest at the best price.
00:19:07.000
And we have two clients right here, two examples, so...
00:19:10.000
Anything y'all need, they tell me that you guys are family, so I have to take care of y'all.
00:19:15.000
And if y'all have any questions, I'd love to answer them, guys.
00:19:18.000
And people don't know about your background, bro.
00:19:23.000
Tell them about your background, where you came from.
00:19:51.000
I've grown up loving watches because my dad sold watches and jewelry.
00:19:58.000
I love getting people into their dream watches.
00:20:00.000
Like as he said before we got on the cameras, that I love getting people what they really want, and especially when people don't sell and keep and they're buying because they like it, you know?
00:20:13.000
So listen, we got a lot of people watching here for the first time that want to get into watches.
00:20:18.000
Let's say around like 5, 10K they can start off with.
00:20:22.000
For 10,000, you know, I'm going to say Rolex all day.
00:20:24.000
I actually, I didn't even tell you, but I brought some examples of some watches.
00:20:45.000
And actually guys, a fun fact, the watch we gave away for the actual yacht party was from Neal from TBT. So this is just a Datejust, guys, 41.
00:20:59.000
I think Rolex sells this watch for $14 is the retail.
00:21:12.000
I mean, 39 millimeter is a popular size for guys as well today.
00:21:20.000
But, you know, 39 and above is considered a man's watch today.
00:21:32.000
No guy should ever wear a 36 unless it's like...
00:21:37.000
The presidential OG. OG. Like the old, old ones.
00:21:41.000
Those are, you know, the original presidentials.
00:21:48.000
Because my grandpa passed one to me, you know, and he passed away.
00:21:54.000
Yeah, because, yeah, that's like, if you have one of those, those are fucking worth their weight in gold.
00:22:07.000
Yeah, you know, so, but, you know, they just, I've always told people, I think it's, like, a great, like, entry.
00:22:15.000
I didn't bring one to show you guys, but I did, but it's in full gold.
00:22:49.000
And you guys will often see this watch in black and white.
00:22:56.000
To me, that's the best entry-level Rolex to buy.
00:23:04.000
You can wear it out on a boat, but then you can wear it in a suit, then you can wear it in a boardroom, then you can wear it to the gym.
00:23:10.000
So there's an argument that says, okay, I can buy a Nixon or a G-Shock and just tell the time.
00:23:18.000
You can buy a Toyota and get from point A to B, right?
00:23:23.000
It's because the work, the craftsmanship, the exclusivity, the prestige it brings you when you walk into a room with it on your wrist.
00:23:38.000
And also, you mentioned this before the show, when you buy a watch, it holds its value, right?
00:23:45.000
Remember we did a deal earlier this year where I sold you the A-B skeleton.
00:23:53.000
So I poured the money in the watch and got the car.
00:23:55.000
Can you tell us more about how you invest in watches?
00:24:06.000
You can move it from your bank account to your wrist.
00:24:09.000
You can make money while wearing it through your networking or whatever.
00:24:13.000
Believe it or not, I'm sure you guys can vouch for it.
00:24:17.000
It just gives you instant credibility sometimes.
00:24:25.000
I was just telling Myron and Fresh, guys, if you want to sell your watches, I will take them now.
00:24:29.000
I'll send you crypto, even though we're after banking hours.
00:24:32.000
To me, it's the most liquid asset in the world.
00:24:35.000
It's quicker to sell than a house, quicker to sell than a car, quicker to sell than a t-shirt or shoes, in my opinion.
00:24:40.000
Because a guy like me, I can authenticate the watch on the spot, and I got money on the spot.
00:24:45.000
Actually, could you tell them as well how to tell a fake from a real watch?
00:24:54.000
We have a watchmaking team that checks every watch.
00:24:56.000
Like me, I can just see it and tell right away.
00:25:00.000
The bracelet, the links, the dial, looking at the movement if it's an open back, looking at the way the serial's engraved on the watch.
00:25:12.000
Because I don't know how little baby and them get finessed by buying a fake watch.
00:25:15.000
It's like you spent 300k and you bought a fake watch.
00:25:18.000
So what that was was a real paddock where they took stones and put them in and told him it was a factory setting, you know?
00:25:34.000
But the value of the watch without the stones is like $100,000, and then with the stones, it's like $600,000.
00:25:41.000
And for a jeweler to put in the stones costs $10,000, $15,000.
00:25:44.000
So it's hard to tell, but something like that, I'm checking with the watchmakers all day before I pay for it.
00:25:50.000
And usually it comes with box and papers, which we can check too.
00:25:58.000
We were talking about some watches, so maybe next time he'll ask me and I'll save him trouble, bro.
00:26:03.000
Okay, so we start with the first watch, which is like 10 to 12K, roughly.
00:26:09.000
What's the next one so we could buy to kind of upgrade from that?
00:26:11.000
So next down the line, I brought a very classic Rolex.
00:26:26.000
I can't believe I... Because I'm thinking of the John Mayer.
00:26:29.000
In my head I was thinking John Mayer, but yeah, it's the Daytona.
00:26:37.000
I was like, what the fuck is the name of it in my head?
00:26:41.000
He made this watch famous because he had the gold with the green face, which is what a lot of people have for the Daytona.
00:27:10.000
Versus like the ones now is like more black and white now.
00:27:25.000
Yeah, so you guys should go out and check prices.
00:27:28.000
I'm saying very good prices because they said you guys were family.
00:27:32.000
Guys, by the way, if you get a watch from Neil, you hit him up on the side, tell him you're from Fresh and Fate, you'll get wholesale family pricing with us.
00:27:40.000
You gotta mention you're with them, or I won't know.
00:27:42.000
Yeah, otherwise you're gonna get the regular pricing.
00:27:45.000
Yeah, you'll save some, so you better mention it, guys.
00:27:54.000
And then, what's the next watch you would say they should get?
00:28:00.000
They just one more time on, now that we got the, I'm going to show that to you guys.
00:28:04.000
So this is 12,000 we're selling for at the moment.
00:28:07.000
So this is, and guys, you'll see this watch a lot.
00:28:13.000
But the Wimbledon, guys, is the one that has like the Greek numerals, and it's like typically green.
00:28:22.000
It's a slave grade dial with the green numbers.
00:28:23.000
They've got chocolate, they've got like green and black.
00:28:25.000
And then this is, oh yeah, this is a Datejust, too.
00:28:29.000
You know chocolate, so you know, I'm a nigga, bro.
00:28:32.000
And the main thing, guys, with the Datejust, the difference between this and the presidential, because the presidential also looks similar to it.
00:28:42.000
And also, the presidential will tell you the day of the week.
00:28:50.000
With the Datejust, you just see the date, versus with the day-date, it shows the day.
00:28:55.000
It'll say, like, Wednesday, Tuesday, Monday, etc.
00:29:03.000
The most popular one I see with this a lot is the Wimbledon.
00:29:11.000
If you guys are wondering, like that nice watch that Waller always wears, it's typically a Wimbledon.
00:29:19.000
And then another one that's popular is you'll see it sometimes with the Blueface Datejust.
00:29:29.000
So I got one for 10, one around 10, one around 20, one around...
00:29:32.000
These I can do under retail at Rolex, which is really good.
00:29:37.000
And the next in the line I brought was around the 40 mark.
00:29:49.000
Obviously, if you put one of these things on, people know you mean business.
00:29:52.000
And the other thing, too, what I like about APs is what?
00:30:01.000
So, number one, they don't make a lot of these.
00:30:03.000
Also, if you have an AP Royal Oak like this, guys, people know you're about it, right?
00:30:07.000
Because everyone has a Rolex, but not many people have an AP. I like, you know, you can get them diamond and everything else.
00:30:14.000
But, you know, dude, Royal Oak's nice stainless steel.
00:30:21.000
You guys can see there's a blackface and a white one.
00:30:32.000
And this one's a white face, so this one's really nice.
00:30:38.000
Me, I know because I have the warranty for this and I checked before I brought it.
00:30:46.000
Because this one I know is a 2014, but it says automatic on it.
00:30:50.000
There was a year where they stopped putting automatic.
00:30:54.000
So if it doesn't say automatic, you already know it's a newer one.
00:31:01.000
To me, personally, for my own collection, I would buy the one that says automatic because they look identical besides that.
00:31:08.000
So to me, I'm buying the 15400 is the reference.
00:31:12.000
And APs, please correct me if I'm wrong, from what I've seen, they hold value better than Rolexes.
00:31:22.000
When you're buying in these four, the market moves together.
00:31:26.000
So whether it's going up or down, they should all move together.
00:31:46.000
Yeah, you go to a Rolex store, nothing's in the store at all.
00:31:50.000
They have those display shit, and you can't buy them.
00:31:53.000
The guys behind the scenes that are friends with them, they get all the watches first.
00:32:08.000
The problem with COVID was that the factories were shut and people were spending more on watches because the clubs and everything were closed.
00:32:15.000
That's why you're seeing a lot of pieces I can actually sell to you under the store price now.
00:32:24.000
I mean, you have the Pepsi and this, like a stainless steel Rollo.
00:32:28.000
But gold pieces are getting closer and closer to retail.
00:32:43.000
I could read some of these chats and we'll go in.
00:32:50.000
It's a paddock in stainless steel with the blue dial.
00:33:08.000
Hold on, I'm trying to show so you guys can see it.
00:33:18.000
So that's the most famous collection for paddock, the Nautilus.
00:33:24.000
They're really good investment pieces like any of the four.
00:33:29.000
I think there's levels to like having a watch and the Patek is like up there.
00:33:36.000
Yeah, because your entry level Nautilus is like, I'd say 80,000, whereas entry level Rolox, like 30,000.
00:33:45.000
Personally, I like the Royal Oak better, you know?
00:33:50.000
Don't just buy only for investment, even though it is the most liquid asset in the world to me.
00:33:55.000
And then next I brought a nice entry-level Richard Mule.
00:34:04.000
And this watch, we sell for between $90,000 to $120,000, just depending on if it has papers or not.
00:34:13.000
Here, I'll show it to the audience real quick with that camera.
00:34:30.000
And you can see the inner workings on the side.
00:34:32.000
So you can literally see the gears in the back, which is always nice.
00:34:40.000
Between 90 and 120,000, just depending on condition, box and papers.
00:34:45.000
This is a 2024, so it's going to be at the top of that range.
00:34:52.000
Yeah, because I've seen those fluctuate wildly.
00:34:54.000
I've seen them from like a hundred all the way to like a million dollars for some of them.
00:35:00.000
But this model in particular alone, there's 30K of a range just based on papers, bro, and the year and stuff.
00:35:06.000
So it fluctuates a lot, not necessarily by model, but by papers and color and size.
00:35:14.000
Rolex is a less like warranty sensitive for price brand, you know?
00:35:19.000
Yeah, like you lose a Rolex card, it's not the end of the world.
00:35:21.000
You lose a Richard Mille warranty, it's like a good 25%, I'd say.
00:35:25.000
That's lost off the watch automatically if you try to resell it.
00:35:28.000
Because then someone like you is going to have to come in and authenticate and that is a process.
00:35:35.000
When you sell it, everyone who's buying a $100,000 watch wants box and papers usually.
00:35:40.000
Unless you tell them, look, box and papers is 120, no box, no papers is 90.
00:35:45.000
Then a lot of people will choose to buy no box, no papers.
00:35:49.000
Yeah, a lot of people are okay with it, and we buy it back.
00:35:54.000
You can take it to the Richard Mille store, actually.
00:35:56.000
They'll service it for you and make you a new warranty.
00:36:00.000
Yeah, but that's your choice, because I don't want to do that.
00:36:02.000
It parks the watch for like three months for them to service it.
00:36:10.000
It's not like a car where they just have a service center, you know?
00:36:15.000
And it's usually like a $10,000 bill minimum, too.
00:36:27.000
Or, no, actually, I was supposed to read the chats, right?
00:36:28.000
Let me read the chats, then we'll get into, like, how you can actually get into this game.
00:36:45.000
People are motivated to sell when they go there.
00:36:54.000
Trading timepieces in the 5 to 10k range currently.
00:37:01.000
To the 10 to 20k range, bro, hit me up more because we have a lot in stock at that range.
00:37:09.000
By any chance, you think we can get Jet Dan or Jake Shields on a Control Chaos pod?
00:37:16.000
I'm working on some things behind the scenes for that.
00:37:18.000
Beck says, thank you Freshmire for getting me into the watch game and thank you Neil at Time for Training for the motivation to become the best.
00:37:28.000
I'm sure a lot of other guys will probably learn.
00:37:29.000
A lot of guys make a lot of money trading watches.
00:37:33.000
They just connect with you or somebody and they sell watches too.
00:37:37.000
Neil, please give us a watch market update prediction for post-election at the market bottom.
00:37:44.000
Honestly, if I knew the answer to this, I'd be a lot richer than I am, just because I would know exactly when to buy what.
00:37:51.000
But last time Trump was president, guys, the watch has literally tripled in value, I would say.
00:37:57.000
I don't know if it'll happen again, but I'm afraid Trump wins because a lot of my money is in watches.
00:38:20.000
He has like a 1K1 and then a mid-tier and then like the high-tier, obviously, right?
00:38:25.000
Yeah, the tourbillon, limited edition to 137 pieces.
00:38:30.000
Looks kind of like a Rolex, bro, with the tourbillon in it.
00:38:43.000
WFNF. Also, what are your thoughts on Casio watches?
00:39:04.000
He goes, Neil, top five investment watches to buy right now that you think will go up and is being slept on right now can be RM Patek, Rolex, and any budget.
00:39:16.000
I mean, the brands you named yourself are Empatic Rolex Richard Mille.
00:39:20.000
I would say, to be honest, it's any five watches you want to buy within those four brands.
00:39:26.000
If the market goes up, if you buy within these brands, your watch will go up.
00:40:01.000
You can see the inner working, so it's like a skeleton.
00:40:27.000
So this isn't like, some of you guys might be like, oh, is this like iced out or whatever?
00:40:30.000
No, it's actually, it's frosted and it's factory, which is the most important thing.
00:40:51.000
He has an aftermarket set Rainbow, but not factory.
00:40:59.000
I mean, this watch was my dream watch for two years.
00:41:04.000
And I waited two years and I responsibly bought it at $400,000.
00:41:24.000
You know, that's why I say, guys, I don't know what's going to happen, but if Trump wins, like last time was crazy.
00:41:30.000
Like we saw, like your steel AP open worked, for example, pre-Trump was a $70,000 watch.
00:41:39.000
Now it's back at 120 and people are crying, but if you really bought stuff you liked and held, you'd still be up 50 racks.
00:42:04.000
It was one of the few times I first spent a bunch of money and I was actually like, okay, this is worth it.
00:42:09.000
This is one time where I wish I listened to Myron because we all know what happened.
00:42:49.000
So it's like, if I kept my watch, bro, I'd be chilling right now.
00:42:58.000
There was a one luxury purchase fresh made that I actually approved.
00:43:15.000
But I still have my AP, my Oyster Perpetual Coral Red, and my Pepsi.
00:43:23.000
So even if it goes down, I know push comes to shove, I can always sell them and make money.
00:43:29.000
I got my Pepsi at like $28, I got this one at $30, and I got my Coral Red.
00:43:33.000
I got jumped on that one a little bit, like $24.
00:43:38.000
Both the Coral Red and the Pepsi, I would have saved you a lot.
00:43:42.000
But, well, I bought it from somebody that I think...
00:43:46.000
Yeah, I got it from a reseller, which we can actually talk about that for the audience, too.
00:43:49.000
Actually, yes, if you don't mind, break us down the three tiers of buying watches.
00:43:54.000
I also bought it, like, in 2021, too, when watches were up.
00:43:59.000
From a store to reseller to a dealer like yourself.
00:44:02.000
Yeah, so there's stores that are authorized dealers, they call it, right?
00:44:07.000
So authorized dealers will buy directly from the brand, there's a fixed discount that they get, and they'll sell to you at MSRP only.
00:44:14.000
They're not supposed to discount, they're not supposed to sell over MSRP, the price you see on the website of the brand.
00:44:20.000
Then there's, which, honestly, for desirable models, it's basically close to impossible.
00:44:28.000
Then the next level would be a broker, I call it.
00:44:31.000
So someone who really doesn't have stock, doesn't own any watches, They really just go based on their word and people's trust in them.
00:44:54.000
I pay you and I keep the difference and I deliver him the watch.
00:45:05.000
You don't own the property, you don't own the watch.
00:45:10.000
Like a listing agent who gets a little broker fee.
00:45:16.000
We're playing with the watch market kind of like the stock market or the crypto market.
00:45:21.000
We buy, we hold, we invest our real funds into this.
00:45:25.000
And in doing so, I aim to get my clientele the best deals possible.
00:45:29.000
Because when you put money out, you get the best deals.
00:45:31.000
If you're brokering, you're not going to get the best deals.
00:45:36.000
And then also, you can beat them with speed because you will have things in stock that will take someone time to acquire versus you can make the deal happen like, no, I have that in stock.
00:45:45.000
And if I don't, I get it immediately because I can pay immediately.
00:45:54.000
Guys, here's the beauty of having someone like Neil in your corner.
00:45:57.000
So let's say you want to make money, Money Mondays.
00:46:02.000
Get cool with Neil and then go post a watch online and say, hey, I'm selling this watch, Batek Philippe or AP Royal Oak for this price.
00:46:10.000
You just need a resale tax certificate so you can do it tax free.
00:46:15.000
And then I sell the watch basically, you pay me the money, I give Neil what's owed, I keep the remainder, you get the watch and we're all happy.
00:46:24.000
That's how you make money nowadays selling watches, right?
00:46:27.000
I have a lot of brokers working with me, and they boost my sales by a lot, and I'm happy to pay people who are paying me, you know?
00:46:33.000
And it's funny because a lot of times when people buy watches from people, 9 out of 10 times they're dealing with a broker.
00:46:41.000
They're not dealing with someone that actually has the stuff there, right?
00:46:45.000
Because I remember when I would go through some people, they'd be like, oh yeah, I could get you this watch in XYZ days, right?
00:46:50.000
But then, if someone actually has it, they can get it for you.
00:47:11.000
So there's a reason why you guys see a lot of prominent YouTubers work with him is because they're going direct to him.
00:47:17.000
Speaking of YouTubers, give us, if you don't mind, your client list.
00:47:24.000
Listen, I'm good at networking, but he's on a different level, bro.
00:47:35.000
Sugar Sean, Sway Lee, G Herbo, NBA Youngboy, Lil Meech from BMF, Lil Baby, PJ Tucker.
00:47:41.000
Well, Lil Baby, I've got to take off the list because we finalized the deal, but we never closed.
00:47:51.000
6ix9ine, Aiden Ross, Bobby Shmurda, Bad Baby, Bradley Martin, DDG, Donald Trump wears two watches from us.
00:48:07.000
Yeah, because Aiden, I know, gave him one on stream, and then I remember Steve gave him one, too.
00:48:12.000
Kylian Mbappe, Key Glock, Canelo Alvarez, Low Pump, Low Ziver.
00:48:41.000
Football player is a next level of recognition.
00:48:45.000
It's funny, you see him partying, you're like, he's a regular guy, but he's actually a famous soccer player here in Miami.
00:49:00.000
Yeah, because he was like, two of them, like, Mbappe's right here, or Ronaldinho's right here.
00:49:09.000
Because a lot of people are like, what the fuck?
00:49:11.000
Soccer's big here in Miami, guys, because you've got to remember that this is like, you know, Caribbean slash South America port, so people will love soccer, but the rest of the U.S. are like, soccer?
00:49:21.000
But yeah, it's the worldwide sport for a reason.
00:49:30.000
Yeah, a lot of guys from Cal's Club wanted this.
00:49:32.000
He says, Neil, any tips to network and make connections with big dealers, jewelers when you're not big yet?
00:49:45.000
Don't try to sell fake watches like what we discussed with Lil Baby.
00:49:52.000
Just stay good, and people will talk good about you, and people will want to deal with you.
00:49:57.000
Let's say I want to meet somebody like you, Neil.
00:49:59.000
What should I do in order to meet someone like you?
00:50:04.000
As long as it's not a complete waste of time, I'm answering, you know?
00:50:10.000
You should bring somebody deals on the table, ready-made.
00:50:14.000
So, for example, you want to do a broker deal with Neil?
00:50:17.000
Get him a customer that's going to pay high price for a watch, maybe like $100K plus.
00:50:24.000
So you come up front with value up front to Neil?
00:50:28.000
I try to answer everyone, but if it's a complete waste of time, I won't.
00:50:32.000
But definitely someone like this, I'm answering first.
00:50:40.000
Neil, how can I do a wholesale deal with you in the future as you mainly...
00:51:02.000
How can they kind of transition from working a regular job into doing this?
00:51:10.000
And honestly, what I did in the beginning, I just stocked watches I really liked.
00:51:14.000
I loved the Royal Oak, so I would try to stock those.
00:51:18.000
I ended up loving the very hype stuff that sells frequently.
00:51:23.000
I would definitely say you got to study the market a good amount first because you got to buy what you buy right.
00:51:29.000
And buy what you like, in my opinion, because it's easier to sell what you like.
00:51:35.000
So, what about, because obviously, you know, you have to get the money to, like, be able to procure these watches.
00:51:44.000
Or were you, like, brokering to get your money up?
00:51:48.000
Actually, I started straight up being a broker through my dad's bank account.
00:51:52.000
I had no money to do it and I built my dad an Instagram for his company.
00:52:05.000
So I was helping him sell a lot of his Richard Mille and APs because I love the brand and he was the boutique back then.
00:52:13.000
So I built him an Instagram, and at the time, he didn't know what Instagram or Facebook was.
00:52:22.000
And on a 60,000 population island, it was huge.
00:52:26.000
And I was selling a lot of his watches for him.
00:52:29.000
Then it got to a point, while I'm working for him, that AP and Richard Mille pulled out.
00:52:37.000
Now they own the boutiques, because they want all the profit to themselves.
00:52:41.000
So at that point, Watch trading kind of started to become a thing.
00:52:46.000
Because now, the outside dealers like my dad, who would sometimes discount and give people deals, no longer exist.
00:52:53.000
The brands only want full MSRP. So that's when the outside market, the grey market really started.
00:53:00.000
And at that point I had my dad's Instagram with 10k followers so I started like people were offering me watches now instead of me just offering them and people were asking me about the watches that I was being offered that I didn't have in the store so I was like all right let me try to broker a deal yeah and I did a couple successful ones and I was like I'm making more than the salary my dad's paying me yeah brokering a couple deals like why do I gotta work for my dad right now and um I convinced him to give me a loan and I basically sold...
00:53:30.000
I gave him equity for it too and I paid him interest, paid him his loan back and now I have what I have from that loan.
00:53:37.000
I'm blessed to have gotten that loan, you know, for sure.
00:53:42.000
Well, you obviously had to make money for him to feel comfortable giving you that loan.
00:53:47.000
So you kind of showed proof of concept, made money.
00:54:02.000
What did you do with that $500K? I just flipped, bro.
00:54:07.000
Yeah, maybe at one point, there was a point when I was...
00:54:11.000
Dealer in the industry where I just had watches in the safe and every night they're going up in value, bro.
00:54:22.000
But there was two years where even if I didn't sell, I was making money, bro.
00:54:30.000
And so I had a good because I was flipping a lot.
00:54:37.000
I also went through the market decline, though.
00:54:39.000
Like, what I didn't sell during that decline, I lost a lot of money on, you know?
00:54:44.000
And that's when a lot of dealers like me, they got wiped, bro.
00:54:46.000
Because they made all this money, they started, they got Cullinan, Ferrari, this, that.
00:54:50.000
And then the market starts going down, they have the bills, they couldn't keep up, bro.
00:54:58.000
During that time period, your dad had a business.
00:55:07.000
See, he saw a loophole where his dad didn't fit in.
00:55:11.000
He brought him the value of social media and it changed the whole game for him.
00:55:23.000
So you're buying inventory, but you're also brokering deals.
00:55:36.000
So you took all that money, bought watches with it.
00:55:39.000
So you were still brokering deals, but you also had inventory now.
00:55:43.000
But it was weird because our inventory was in an apartment in Axis.
00:55:47.000
And then It was a small apartment and I had three people living there.
00:55:53.000
We'd get up, we'd work on a table smaller than this, bro.
00:56:01.000
If people wanted to see the stock, it was only photos.
00:56:03.000
But I always believed in stock because you can buy the best when you stock it and you have money ready to back it.
00:56:11.000
And buying is really where you make money in a sales game.
00:56:14.000
Especially the speed because you can get it where someone else needs time.
00:56:20.000
I hate that we have to even go through this, but people are criminals.
00:56:22.000
How do you deal with safety, making sure that items are secure, moving and stuff?
00:56:27.000
Obviously, you don't got to go into detail with anything.
00:56:30.000
How would someone that kind of wants to get into this, getting their first couple of luxury watches, how should they move?
00:56:36.000
How do they protect themselves and their inventory?
00:56:39.000
If you're getting your first couple luxury watches and you're buying, you've got to be very careful.
00:56:43.000
I suggest going to a professional watchmaker or the branded boutique itself.
00:56:47.000
If you're buying a Rolex, you can just take it to Rolex and ask them if it's real.
00:56:50.000
If they're dicks, they'll tell you, yeah, we can't help, we can't authenticate that.
00:56:54.000
But most people, you just tell them you're buying it, you know, and they'll tell you straight up if it's real or not.
00:56:59.000
Or just go to a gray market dealer like myself.
00:57:03.000
But any watchmaker should be able to help with that.
00:57:13.000
Obviously, they're there, they're looking at it, etc.
00:57:16.000
How should people move when it comes to having the product, selling it, etc., making sure they don't get robbed?
00:57:21.000
We don't even like to meet all the clients face-to-face unless they come into our office where we have security.
00:57:27.000
You're not allowed to bring a firearm into my premises.
00:57:46.000
For example, I could just see off of what he's saying, just seeing it myself, you can never have watches at home of that much value because people are going to rob you.
00:57:54.000
So, having it off-site and then, hey, you know what?
00:57:57.000
That way it's more secure and actually I'm coming to you in a more open area.
00:58:05.000
People more come to me knowing the watch they want anyways.
00:58:08.000
So what's the point of them coming, waste time, show them 200 watches.
00:58:12.000
Yeah, if they're coming to you, they already know 9 out of 10 times, hey, I'm looking for XYZ piece.
00:58:22.000
Is there like a procedure that you go, you need half the money up front?
00:58:30.000
And if you have problems, we can talk about that later.
00:58:32.000
Possibly you'll get a full refund if I didn't deliver what I promised, you know?
00:58:47.000
And it's not FedEx or USPS. It's Malka Amit or Ferrari.
00:58:55.000
And then the people come out with machine guns.
00:59:03.000
If I ship a watch like this, it probably costs me like $5,000.
00:59:16.000
Just, if you don't mind sharing with the audience, how much have you made from back then selling your dad?
00:59:22.000
I don't know how much I've made, bro, but in revenue, I've done probably like close to half a billion, I gotta say.
00:59:33.000
Can you tell us what cars you have right now in the stable?
00:59:38.000
I could start, but then I'll lose, like, count, you know, I'll repeat some.
00:59:42.000
Let's start with the R8. Yeah, I got the R8. 2020 R8. Where's this list?
00:59:54.000
I got an Audi R8. My brothers gifted it to me for my birthday.
00:59:58.000
Imagine your brothers say, you know what, brother?
01:00:05.000
And then I go down and there's a new R8. They tricked him.
01:00:29.000
I have a 488 Spyder, 812 Superfast, Rolls-Royce Cullinan.
01:00:38.000
Yeah, I got a BMW M4, which I should have sold today.
01:00:44.000
I have a McLaren 720S and an Audi RS Q8. Thank you.
01:01:07.000
But when it comes to lifestyle and where you're at, to me it's inspiring.
01:01:12.000
Because obviously speaking, you're on a different level, but it's humbling because you're humble about it.
01:01:20.000
I swear, I meet people all the time who make me look like a little fish in a big pond.
01:01:35.000
Okay, so we went over the different types of dealers, safety.
01:01:42.000
Neil, comments or recommendations on starting out with Omegas, Paneras, before buying Rolex and higher.
01:01:59.000
And how did they reach you, Neil, on Instagram?
01:02:06.000
What happened to Arm Plug, the black dude that y'all used to buy watches from?
01:02:19.000
Neil, what are your best tips to level up in the watch game?
01:02:21.000
Should I trade up to more expensive timepieces as I trade more?
01:02:30.000
Like I said before, just do ethical business and honor your word.
01:02:34.000
And definitely, the more expensive the watch gets, the bigger the margin should get.
01:02:40.000
The bigger the dollar amount you make should get if you're buying with the same margins, you know?
01:02:53.000
And then he says, how do I get into private dealer chats and get exclusive deals in the future as a trader?
01:03:01.000
It's crazy because I think I know like 25,000 watch dealers like myself who I can try to find a watch from so I can get everything right away.
01:03:09.000
It just comes with time and proving that you're going to stand on business and just being a man of your word.
01:03:16.000
Because I know what he means by that, but let's say average viewer doesn't know the chats.
01:03:22.000
To get into dealer chats, bro, basically if I own a chat, which I do, I'm only putting you in once 10 of my good friends who I do business with tell me, yo, this is a vetted dealer.
01:03:35.000
You have to just do good business and You know, after doing a couple deals, note down the people you've done business with.
01:03:42.000
So when you talk to a chat owner, you could be like, oh yeah, ask this guy for reference.
01:03:53.000
So basically, if you're in these chats, everyone in there is verified.
01:03:59.000
Everybody in there is doing deals, doing good business, reliable, trustworthy.
01:04:03.000
Otherwise, it's a bullshit chat that's probably not going to do anything.
01:04:06.000
But yeah, in the good chats, everyone's vetted, bro.
01:04:11.000
So literally you could just message it, I'm looking for this piece.
01:04:17.000
Yeah, but the weird thing is there's like 500 dealers in each chat, right?
01:04:21.000
You may not find a paddock in any one of my 500 chats except two of them.
01:04:30.000
Like if I post watches a lot in the chats, people see my name a lot.
01:04:34.000
Like you got to be active for them to see you to be adding you into more chats.
01:04:43.000
Because you gotta help people with deals, find them watches, connect shit.
01:04:51.000
Like if you're dealing chat to chat, you're dealing B2B, there's not much margin at all, bro.
01:04:58.000
And yeah, you need to do that to build your reputation in the chats.
01:05:03.000
Where you're like helping people make deals and you might not even get paid.
01:05:15.000
And now dealers just, from me being in the chat so much, now they love me so much they just call me instead of searching in the chats themselves.
01:05:21.000
So I still do a lot of wholesale, but we're way less active in the chats than we used to be.
01:05:26.000
You've got to be active to get at it, to answer your questions.
01:05:29.000
So if you do get added, you gotta add in a bunch of value.
01:05:46.000
She's telling me to vote for Kamala on some level.
01:05:51.000
I want to say a president, and we think it's time for that to change.
01:06:03.000
Yeah, I was holding a house when I was watching.
01:06:05.000
Is there FNF news or a live stream for elections tomorrow?
01:06:08.000
I think I'm going to live stream some people asking questions about the election tonight.
01:06:14.000
I'm going to walk around and see what I can find.
01:06:17.000
What you think of a frosted silver red face Paul Rich?
01:06:26.000
Could you Yeah, I'm going to pull it up because I know what it is.
01:06:55.000
You know they're nice, but it's the same thing.
01:06:57.000
You can buy a Toyota Supra or a Ferrari, right?
01:07:04.000
If it was on the site, it says PR, but let's say RR. Yo, listen.
01:07:10.000
You want to flex, you get a Rolls Royce, you rent it out, and you listen.
01:07:28.000
Things would have to be very bad for me at this point.
01:07:45.000
Shout out to Fresh for helping me with the network.
01:07:48.000
You got to take advantage of these networking calls.
01:07:52.000
Shout out to Redbeard Rance, providing top-tier dating advice.
01:08:07.000
Okay, Myron, first, big thanks for the business credit card episode.
01:08:10.000
I got my first Amex gold with six months no EPR to trade watches and level up.
01:08:17.000
So you're able to get, yeah, you're literally able to get your business started with no interest, man.
01:08:22.000
If you add in all our Money Mondays, tips from that, into businesses...
01:08:27.000
He did it for a watch business, but you could do it other ways.
01:08:30.000
No, I was gonna say, so, real quick, for the audience, I know Beck kind of mentioned it before, what would you say they should buy right now to hold money for the future to make money, if possible?
01:08:41.000
Like, what watch you would think would be the best watch to buy now?
01:08:51.000
I was going to say, any models that you think like, or maybe should they go, they just, should they go?
01:09:06.000
You should not buy the Cellini, the ones on the leather strap.
01:09:13.000
Yeah, but you can buy it right and then you're good.
01:09:30.000
Anything I get a good deal on from Rolex, Patek, AP, Richard Mille.
01:09:36.000
Not only is it a good deal for me, but it's a good deal for you.
01:09:40.000
I'll pay the highest that anyone you ask will pay, and I still will make my little margin, and we'll both be happy.
01:09:48.000
And he'll definitely, if you guys gotta watch it and you're trying to sell it, he'll definitely buy it.
01:10:05.000
Where can I find you and what's up next for you with TPT? Timepiece Trading on Instagram, TikTok, YouTube, Twitter, all the socials and NeilTPT for my personal.
01:10:20.000
And guys, if you want to get a watch from him, you guys can see here, he has them in all the different ranges, 10 all the way to 100,000 plus.
01:10:26.000
You guys want to go in and get your first Rolex?
01:10:28.000
Yeah, and he can help you with some of these other watches.
01:10:36.000
Yeah, not Paul Rich, but what was the other ones?
01:10:41.000
He can help you guys with those as well if you guys want those.
01:10:43.000
But when you DM him, make sure you support Fresh and Fit and he'll give you a good deal.
01:10:48.000
And I want to stress as well, having a nice watch does open up doors for you, cars as well.
01:10:53.000
Okay, you know, last question for me to you, Neil, because I know they might want to know as well.
01:10:57.000
How did you meet Steve Will Do It, Drake, all these people through watches?
01:11:01.000
Well, Steve Will Do It came in with a repeat client of mine who owns Rubet.
01:11:10.000
If I do good business with you, you're going to bring in Myron.
01:11:13.000
And that's what happened with the owner of Rubet and Steve.
01:11:22.000
Drake was in town and he's tight with Ben for shoes.
01:11:27.000
And Ben set it up and boom, now Drake's our client.
01:12:04.000
I don't know why, but everyone wants to talk about Skydwellers.
01:12:09.000
Skydweller is the most complicated Rolex there is.
01:12:11.000
More than a Day-Date, more than a Submariner, more than a Yacht-Master.
01:12:32.000
I mean, how much more connected than Drake can you get?
01:12:37.000
He told us, you guys beat 1.2, I'm going to buy it with y'all.
01:12:55.000
Sometimes it's worth it to, like, lose a little bit of money to get that client, right?
01:13:02.000
I just have a good network where I can source the watch at the right price.
01:13:13.000
Because, oh, you guys saved me like $200,000, $300,000 on a very hard piece that me, as a connected person, struggled to get.
01:13:47.000
As you guys know, I think fine dining is a scam, and I think, you know, fancy cars, all this stuff, I'm not with that stuff, but I know that luxury watches, they hold value, you can always sell them, you can always liquidate them pretty quickly, and then also, it's a very subtle way of showing higher value.
01:14:04.000
If you got a nice AP, you got a Rolex, et cetera, it's a conversation starter with the right people.
01:14:08.000
Because they'll be like, oh shit, you have that.
01:14:11.000
Especially if you have more sophisticated pieces.
01:14:16.000
If you want to have something nice, this is it right here.
01:14:20.000
This is the Pepsi Meteorite, which is really fucking nice.
01:14:34.000
I got a regular Pepsi, so it's like, ah, you know what I mean?
01:14:40.000
So yeah, guys, if you are going to go ahead and splurge on something, I do think Luxury Watch is a good place to park on it.
01:14:49.000
Shout out to Rumble, by the way, for supporting the show.
01:14:55.000
Did you know that most creamers aren't even made with real cream or dairy?
01:14:59.000
Your morning coffee is a chemical cocktail of oils, sugars, and thickeners that are made as an elaborate to make it very nervous.
01:15:09.000
10 grams of muscle-building whey protein, zero sugar, zero fat, and under 50 calories.
01:15:14.000
Non-GMO and packed with a smooth vanilla flavor actually tastes like it's victory.
01:15:18.000
It's real American fuel for those who want to crush their day, not just survive it.
01:15:22.000
Fasting, building muscle, or just getting battle ready for whatever the globalists blow your way, Sony Sanford Ice Creamer is your secret weapon.
01:15:30.000
Pair with it their unapologetically bold single origin of coffee, you're not just starting your day, you're launching a full-scale assault on meteorology.
01:15:38.000
This combo doesn't play by the rules and sure as hell won't cave to the woke mob.
01:15:41.000
It's pure, unfiltered American fuel for those who refuse to compromise their values.
01:15:46.000
Use code FRESH for 50% off and make your money as strong as your beliefs.
01:15:50.000
Again, use code FRESH for 50% off and make your coffee great again.
01:16:01.000
I didn't even know that we were going to do that ad.
01:16:04.000
What Angie does for me is she puts ice in it and I drink it cold.
01:16:12.000
Neil, thank you so much for coming on the show, bro.
01:16:20.000
And make sure to put that you came from Fresh and Fit so he can give you guys the discount.
01:16:25.000
Like, he helps you guys procure all types of watches from different ranges.
01:16:27.000
You want to get your first luxury watch, get it with him.
01:16:29.000
You could probably get it for you at a better price than even an AD authorized dealer.
01:16:33.000
So, thanks so much for coming on the show, bro.
01:16:39.000
See if we do the IRL. If it's not packed, then we'll go ahead and give you guys Fresh Fit News.
01:16:42.000
But we'll be out in the streets tonight, hopefully.
01:16:46.000
And then tomorrow for elections, we'll do a show as well.
01:16:49.000
Yeah, I'm going to be live covering the elections for sure.
01:16:58.000
But I'm going to be live tomorrow covering the election for sure.