Fresh & Fit - Why Millennials Are Wealthier Now Than Their Parents Were

00:06:28.000 And we are live.

00:06:29.000 What's up guys?

00:06:30.000 Welcome to Fresh Up Podcast, man.

00:06:31.000 It's a Monday, Monday.

00:06:32.000 We've got some things to talk about, educate you guys on what's going on.

00:06:34.000 Let's get into it.

00:06:35.000 Let's go!

00:07:26.000 Let's go.

00:07:26.000 All right, and we are back.

00:07:27.000 What's up, guys?

00:07:27.000 Welcome to Fresh Up Podcast.

00:07:28.000 Man, Fresh, literally, we're just talking...

00:07:30.000 More debates.

00:07:31.000 ...about sending, again, you guys, some more religious debates.

00:07:36.000 Fresh, apparently, I didn't know this, has, like, the contacts over on the Christian side.

00:07:39.000 He knows them.

00:07:40.000 Of course, brother.

00:07:41.000 I have to, man.

00:07:42.000 You got, like, the numbers and stuff?

00:07:43.000 Yeah, Instagram.

00:07:44.000 Remember, before my main page, I had all of them damned, other than the sound, because you'd use Skype, but, yeah.

00:07:48.000 I believe him.

00:07:49.000 He's old school.

00:07:50.000 What year is this?

00:07:52.000 Yeah, I know, bro.

00:07:54.000 He's way behind, but that's fine.

00:07:55.000 So yeah, we'll set something up.

00:07:57.000 They want a 3v3.

00:07:58.000 So we're going to do three Christian debaters versus three Islamic debaters as well.

00:08:02.000 Okay, I think I got like two that hit me up.

00:08:06.000 I could easily make it three.

00:08:07.000 That's fine.

00:08:07.000 We need one more.

00:08:08.000 Okay.

00:08:09.000 We'll make that happen.

00:08:10.000 Probably not this week, guys, because I'm going to be going to Las Vegas tomorrow.

00:08:14.000 I'm going to be doing some content out there. 0.99

00:08:16.000 With my fool. 0.99

00:08:18.000 Yeah, yeah, yeah. 0.99

00:08:19.000 We're going to do some with Jake Shields, the Twins, Dan Bilzerian.

00:08:23.000 Fire.

00:08:23.000 So, we're going to make some stuff happen.

00:08:26.000 It's going to be a good time.

00:08:28.000 What else?

00:08:29.000 I was going to say the Twitter space yesterday, but we're on YouTube.

00:08:33.000 Yeah, yeah, yeah.

00:08:34.000 So, I won't even talk about that really.

00:08:35.000 Actually, you know what?

00:08:36.000 We'll talk about it a little bit more on Fresh Fit News.

00:08:38.000 Yeah, I'll talk to y'all a little bit about it.

00:08:40.000 I'll give you guys the clean version of it on Fresh Fit News.

00:08:42.000 Super clean.

00:08:44.000 What else?

00:08:44.000 Rumble.com slash Fresh Fit and Calciclub.tv, guys.

00:08:47.000 Zoom call was fire.

00:08:50.000 We did it for the guys.

00:08:51.000 It was a pretty good fire call.

00:08:53.000 What else?

00:08:55.000 I got a debate on communism and capitalism coming up for you guys with...

00:09:00.000 We're Andrew Wilson and Haas.

00:09:02.000 Okay.

00:09:02.000 That's probably going to be on the 24th.

00:09:04.000 So we got some things coming up for you guys that are going to be good.

00:09:07.000 So some Vegas content this week.

00:09:09.000 Fresh is going to stay back and do some stuff.

00:09:11.000 Oh, you want to tell them what you're going to do Wednesday?

00:09:13.000 Yes.

00:09:14.000 So there was a recent article and a recent news report of a woman that drove a car and crashed into two other cars and killed two people.

00:09:25.000 And for whatever reason, she was on our podcast a couple years ago.

00:09:30.000 So we're going to talk about that.

00:09:32.000 Exactly.

00:09:32.000 One year ago to be exact.

00:09:34.000 April last year.

00:09:35.000 Yeah.

00:09:36.000 So we're going to talk about it in detail because I actually know her pretty well and my co-host for that day.

00:09:41.000 So it's going to be funny to react to that.

00:09:43.000 And not funny, but go into detail of what will happen.

00:09:45.000 Wait, your co-host for that day?

00:09:46.000 Co-host.

00:09:47.000 Co-host for that day.

00:09:48.000 You're not going to be here.

00:09:50.000 Oh, okay.

00:09:51.000 Oh, Kevo knows her too?

00:09:53.000 Yeah, yeah.

00:09:54.000 It's crazy, bro.

00:09:55.000 Small world.

00:09:57.000 Alright.

00:09:57.000 It's wild.

00:09:59.000 Anyhow, yeah, that's the update.

00:10:01.000 Yeah, they're gonna talk about that.

00:10:02.000 But yeah, that'll be on Wednesday.

00:10:05.000 And then they're gonna do After Hours as well with some ladies. 1.00

00:10:07.000 So yeah, but I will be out there in Vegas filming some stuff.

00:10:12.000 I'm gonna bring Bills with me.

00:10:13.000 We'll IRL stream some of this stuff as well.

00:10:14.000 So it's gonna be fun, guys.

00:10:15.000 It's gonna be fun.

00:10:16.000 Yeah.

00:10:17.000 But that is sad though.

00:10:18.000 Like you said, two dads died that day for her reckless driving on drugs. 0.94

00:10:23.000 Yeah, bro.

00:10:24.000 I showed the crash yesterday on Rumble.

00:10:27.000 As you guys know, I did the El Mayo breakdown on Fed Reacts.

00:10:31.000 On FedReacts, then I went a little bit longer.

00:10:33.000 We did a Twitter space, whatever.

00:10:34.000 I did that on Rumble for obvious reasons.

00:10:37.000 And we talked about a bunch of stuff.

00:10:38.000 But at the end, someone asked me about it.

00:10:40.000 And I was like, let me look this up.

00:10:42.000 And I looked up, you know, shot to Donovan Sharp, his video.

00:10:46.000 And we saw, obviously, the crash.

00:10:48.000 It was crazy.

00:10:49.000 But yeah, Fred's going to go into more detail.

00:10:50.000 I didn't know that you knew her.

00:10:52.000 Yeah.

00:10:52.000 Yeah, I didn't know that.

00:10:54.000 So, he'll give you guys some more stuff tomorrow.

00:10:56.000 Hey man, don't ask all I know her. 1.00

00:10:57.000 Don't ask.

00:10:58.000 Anyhow, let's continue.

00:11:00.000 CastleClub.tv, guys.

00:11:01.000 Check us out over there.

00:11:02.000 And then, rumble.com slash FreshFit.

00:11:03.000 That is the home base.

00:11:04.000 And then, today's episode, guys, with Money Monday, instead of having more of a...

00:11:09.000 Main topic.

00:11:10.000 Like a main topic that we're going to talk about, we're going to talk to you guys more about the markets and what's going on.

00:11:14.000 So, you guys are kind of aware since Monday.

00:11:16.000 This is the news.

00:11:17.000 So, you want to kick out the first topic?

00:11:18.000 Yeah.

00:11:19.000 Yeah, so we broke it down into three topics mainly.

00:11:21.000 And the first one is going to be rates.

00:11:22.000 So what's happening now, guys, is that the rates are actually at an all-time high.

00:11:27.000 We've got an article here, right?

00:11:28.000 Yeah, actually lowering rates in the future.

00:11:31.000 But right now where we're at, a lot of people are worried about buying property.

00:11:35.000 Oh, Q&A too, guys.

00:11:36.000 So get your questions in as well because we want this to be more like a discussion as well with you ninjas.

00:11:43.000 Yeah.

00:11:44.000 And obviously people are worried because they want to invest money, but they want to wait until rates go down, right?

00:11:49.000 That's most people's concern.

00:11:51.000 So there's an article right here, if you don't mind, Myron.

00:11:54.000 If you don't mind, brother.

00:11:56.000 Yeah, I was already getting my glasses ready because I knew you wanted me to read this.

00:11:59.000 Of course.

00:12:00.000 Over the past couple of years, Americans have dealt with, and I'm sorry guys that my voice sounds funny like this.

00:12:03.000 I was going on some rants yesterday on X, so I apologize.

00:12:07.000 Some.

00:12:08.000 Did you hear?

00:12:09.000 You heard them?

00:12:10.000 Some rants?

00:12:12.000 I snuck in a few times.

00:12:13.000 You heard what I said about citizenship?

00:12:14.000 I've snuck in a few times.

00:12:16.000 Over the past couple of years, Americans dealt with persistent inflation in the US economy in an effort to keep inflation at bay.

00:12:22.000 The Federal Reserve raised its benchmark rate several times and now remains at a 23-year high.

00:12:28.000 As a result, this increased, which by the way guys, we did a whole talk on the Fed and how central banking messes up economies, but that's a whole other thing.

00:12:36.000 As a result, this increased interest rates for many consumer loans, including mortgages, making it too expensive for many people to buy a home.

00:12:42.000 While mortgage rates remain relatively high, today's average 30-year mortgage rate as of August 19, 2024, is 6.57%.

00:12:50.000 Which is significantly higher than the pandemic-era lows of 3% rates.

00:12:55.000 Mortgage rates have started to decline a little in recent months, and the Fed might cut rates soon, which could lead to even lower mortgage rates.

00:13:01.000 That said, in today's unusual economic environment, there are other factors that could also impact mortgage rates, such as the health of the economy.

00:13:08.000 Bad news for the economy can be good news for mortgage rates, says Melissa Cohen.

00:13:15.000 Regional Vice President Williams Ravis Mortgage.

00:13:17.000 With that in mind, where are the mortgage rates heading this fall?

00:13:21.000 We asked some experts for their predictions.

00:13:24.000 Who gave him that sound clip back?

00:13:26.000 Who gave that back to him, bro?

00:13:28.000 I did it myself.

00:13:30.000 All right, so here's the thing.

00:13:34.000 Let me give you guys my opinion on this, and then you guys can kind of, and then I'll turn it back to Fred.

00:13:38.000 So I want you guys to know, do not let...

00:13:41.000 Higher interest rates keep you from buying a house, right?

00:13:44.000 I know some of you guys heard me on the yacht say, hey, residential is being annoying right now or sucks right now.

00:13:50.000 Yes, in Miami.

00:13:51.000 In Miami, residential right now sucks because what's going on in Miami right now, right?

00:13:56.000 Is the houses are too expensive and the interest rates are also too expensive where you cannot charge enough rent where it makes sense to buy the house.

00:14:05.000 Does that make sense, guys?

00:14:06.000 So when you buy a home, you've got to calculate how much your monthly payment is going to be.

00:14:13.000 And when I calculate how much the monthly payment's gonna be based on the price of the home and the interest rate, along with how much rent that house will be able to collect, right?

00:14:22.000 A lot of times you either break even or you don't profit.

00:14:24.000 If it doesn't profit, you don't buy it.

00:14:26.000 And in Miami, the housing is like at damn near all-time highs because So many people have moved here.

00:14:33.000 You guys gotta understand, since 2020, the population of Miami, or not Miami, Florida in general, has went up significantly because people realized a couple of things.

00:14:42.000 Number one, there's no state income taxes here.

00:14:44.000 Number two, the weather's fantastic.

00:14:46.000 Number three, it's way cheaper to live here than up north.

00:14:48.000 And then number four, you can work from anywhere, so if you can work from anywhere, right, that's what the pandemic pretty much proved, why are you gonna live in New York, right?

00:14:56.000 So everyone moved down here because it's way cheaper to live.

00:14:59.000 I'll give you guys an example.

00:15:00.000 You want to get, at least back in 2020 prices, you could get a one-bedroom Nice apartment in Brickell, right, in Miami, back in 2020, 2019-ish.

00:15:11.000 I was paying $1,700 for my spot.

00:15:14.000 Incredible, by the way.

00:15:15.000 I was paying $1,700 for my old spot.

00:15:17.000 When you guys look at our old...

00:15:18.000 When we first started doing Freshly Fit, you look at my old stuff when I was like...

00:15:21.000 You could see the background or whatever, and I first started streaming.

00:15:25.000 That was my old apartment.

00:15:26.000 It was down the street.

00:15:28.000 It was actually down at the... 1.00

00:15:29.000 Fuck it, I'll say it. 1.00

00:15:30.000 It was down at the Fortune House. 1.00

00:15:31.000 Yeah.

00:15:32.000 Right? 0.73

00:15:35.000 It's the property with all the people on it, the black paint with white people on it. 0.99

00:15:39.000 Yeah.

00:15:39.000 And that building is a hotel and a condo.

00:15:45.000 All in one.

00:15:46.000 Yeah, all in one. 0.99

00:15:47.000 And you guys are probably like, wait, what the fuck are you talking about, Meyer? 0.99

00:15:49.000 We're in a hotel and a condo? 0.99

00:15:51.000 Yeah, so in Miami, it's very weird.

00:15:52.000 There's buildings that we have.

00:15:53.000 It's a Florida thing.

00:15:54.000 I haven't seen this in any other states.

00:15:56.000 Correct me, guys, if you guys have it in your state, tell me.

00:15:59.000 I'd like to know.

00:16:00.000 But here in Florida, there's buildings that serve as hotels and as apartment buildings and or...

00:16:07.000 Condominiums.

00:16:08.000 So, I had a condo that I was renting for $1,700 a month.

00:16:12.000 Had a balcony, security, gym, all that, right?

00:16:16.000 A valet in the front.

00:16:17.000 And the thing I liked about it was, since it's a hotel, guess what? 0.96

00:16:20.000 It's always fucking clean. 0.97

00:16:22.000 It's a hotel. 0.99

00:16:24.000 So...

00:16:26.000 So I like that. 0.99

00:16:27.000 And then also there was valet, all this crap. 0.97

00:16:29.000 And you shared a pool as well. 0.98

00:16:30.000 And you shared a pool, all that.

00:16:31.000 So it was $1,700 a month, which is cheap.

00:16:34.000 If I want an apartment like that, let's say it's in the New York City equivalent, let's say Manhattan. 0.99

00:16:38.000 Damn. 0.98

00:16:39.000 Bruh, try $17,000 a month. 0.99

00:16:41.000 Minimum.

00:16:42.000 Easily.

00:16:42.000 Yeah.

00:16:43.000 So that's why a lot of people came down here, because they were like, okay.

00:16:49.000 I'm kind of going over Miami real estate in general, which you guys know we're going to broaden out to the rest of Florida and then the country.

00:16:55.000 I'm speaking here just so you guys can see on a more micro level, then we're going to go back out to the macro.

00:17:03.000 When it came in Miami, Florida, When people come down to Miami, they usually go to Miami Beach, right?

00:17:15.000 Ocean Drive, the beach, Collins, all that other stuff.

00:17:21.000 When people think of Miami, like tourists and stuff like that, when they think of Miami, you guys do realize you're not actually staying in Miami.

00:17:28.000 You guys are going to Miami Beach.

00:17:30.000 That's where all the tourists are.

00:17:32.000 That's where everyone hangs out, right?

00:17:34.000 Everyone thought, prior to 2020, that Miami was expensive.

00:17:39.000 No, it wasn't Miami that was expensive.

00:17:41.000 It was Miami Beach that was expensive.

00:17:43.000 But the city of Miami was still very affordable back then, right?

00:17:46.000 So when I got here in 2018, and I got my apartment for $1,700 a month in Brickell, over there at the Fortune House, you guys can Google it right now, right?

00:17:54.000 185 Southeast Terrence, whatever the fuck, I forget the thing, right?

00:17:59.000 Um... 0.98

00:18:00.000 Rent was very cheap and that was all of Miami.

00:18:02.000 Like all of like the city of Miami and Brickell.

00:18:04.000 You could find a great apartment for under $2,000 in the heart of it and you could walk everywhere.

00:18:09.000 Versus you take that functional equivalent And bring it to New York City, whatever.

00:18:15.000 You're paying 10 to 20k to get the same thing.

00:18:17.000 And that's up north in general.

00:18:19.000 Boston, Washington, D.C., New York City.

00:18:22.000 Hell, even Philadelphia in some parts was expensive.

00:18:24.000 That was the northeast in general.

00:18:25.000 Then on top of that, you had the cold weather, the high taxes, crime rates, all this other stuff. 0.99

00:18:29.000 And then people are like, what the fuck? 0.90

00:18:31.000 So the pandemic pretty much proved that you can work from anywhere, from home, because everyone's working remotely. 0.99

00:18:36.000 So what did they do?

00:18:37.000 They said...

00:18:38.000 So if I don't need to go to the office and I can work remotely, why don't I go down to Florida where it's cheaper, it's warmer, there's no state income tax.

00:18:45.000 And there's a beach.

00:18:46.000 And there's a beach. 1.00

00:18:47.000 Fuck that. 0.99

00:18:48.000 And then everyone started figuring out that the city of Miami is not Miami Beach and you could actually get an apartment for under $2,000. 1.00

00:18:55.000 Everyone fucking came down here going crazy.

00:18:57.000 That's why the city has exploded. 0.97

00:18:59.000 Guys, every single house that I bought in Miami, In 2020 and 2021, all those buildings are well over $100,000 extra in equity just because of everyone that moved here, right?

00:19:11.000 Now, that's in Miami.

00:19:13.000 You spread that out to Florida, Orlando, Tampa, etc.

00:19:17.000 They haven't grown to the same level as Miami because this is like one of the bigger major cities here, but it's also exploding in popularity as well.

00:19:23.000 And that's why real estate prices have went up significantly.

00:19:26.000 But with that said, that was in 2020, 2021, maybe even a little bit of 2022.

00:19:32.000 The interest rates went up because at this point, the interest rates were like 3%.

00:19:35.000 So people were coming here because they were getting houses cheap, they were leaving New York, and they were going to get interest rates at 3%.

00:19:42.000 Yeah. 0.82

00:19:42.000 So everyone's fucking moving because when you get interest rates at 3%, guys, that's like effectively free money. 0.82

00:19:49.000 Like that's very little added to your mortgage. 0.98

00:19:51.000 We're talking on a 30-year fix, you buy a $300,000 house, an extra... 0.97

00:19:56.000 $200 a month, some shit like that. 0.95

00:19:57.000 30 year fixed? 0.96

00:19:59.000 It's free money damn near.

00:20:00.000 You're borrowing almost for free.

00:20:03.000 And you're locking that rating for 30 years.

00:20:05.000 That's the big one, guys.

00:20:06.000 When you get a home mortgage, it's 30 years fixed rates.

00:20:10.000 3%.

00:20:10.000 That's crazy.

00:20:13.000 So that was Florida.

00:20:14.000 That was Texas, right?

00:20:15.000 And we saw a bunch of people move from California to Texas.

00:20:19.000 We saw Joe Rogan move during the pandemic era.

00:20:21.000 We saw Elon Musk move during the pandemic era.

00:20:23.000 We saw businesses move during the pandemic era.

00:20:25.000 Even Graham Stephan moved.

00:20:26.000 Graham Stephan moved.

00:20:27.000 We saw a lot of YouTubers.

00:20:29.000 And that's just to show you guys on the front lines who moved.

00:20:32.000 But in reality, a lot of other people moved too.

00:20:34.000 Nevada.

00:20:34.000 A lot of people left these blue states.

00:20:36.000 New York, Massachusetts, Pennsylvania.

00:20:39.000 Well, not Pennsylvania so much, but New York, Massachusetts, California, Colorado, they left these places to go to Nevada, Texas, Florida.

00:20:50.000 Interest rates were low.

00:20:51.000 So now, obviously, interest rates have doubled, and a house that you could have been able to buy back in 2020, you can't buy now.

00:20:59.000 Because not only has the housing market increased, with the price that I just explained to you guys because people moved, But also, interest rates have went up.

00:21:07.000 So now, in Miami in particular, since the properties are up, The interest rates are up.

00:21:12.000 It's very difficult for you to now go ahead and rent a house and still make profit because rents have pretty much stagnated in Florida.

00:21:20.000 I would argue in a lot of places, even rent, you've had to bring it down.

00:21:22.000 On a couple of my properties, I've had to bring the rent down. 0.99

00:21:26.000 Damn. 0.99

00:21:27.000 Yeah. 0.99

00:21:27.000 Not by much, but it's still cash flows. 0.99

00:21:30.000 It's because I got it at such a good rate that it doesn't matter.

00:21:32.000 But if I had bought it maybe a year or two later with a higher interest rate, the numbers wouldn't work.

00:21:37.000 At all, yeah.

00:21:38.000 So, buying it with a low interest rate, guys, does matter.

00:21:41.000 And then also, obviously, what you can compart with on rents.

00:21:45.000 And rents are pretty much flatlined in Florida.

00:21:47.000 At least, especially in Miami.

00:21:49.000 So, I have friends that wanted to get into the property, but they're waiting.

00:21:52.000 Give me ones if that makes sense for you guys in the chat.

00:21:54.000 Give me ones.

00:21:55.000 I explained the Florida market, the Miami market in particular, but this also applies to a lot of these other places where people move.

00:22:00.000 Give me ones if that makes sense.

00:22:02.000 It makes sense.

00:22:03.000 But I have friends that wanted to get into property, right?

00:22:05.000 And they're thinking to themselves, if I just wait until the thing dies down, then I'll buy property.

00:22:10.000 But then I ask a question to them as well, and to the audience.

00:22:12.000 If you're gonna wait for people to buy property later on, right?

00:22:16.000 Everyone that's invested money right now, as an investor, they would have found a property that bought it already before you because they're looking, as we speak now, for properties.

00:22:23.000 And if you're waiting to buy property in the future, when rates are down, everyone that buys properties is already buying properties anyway.

00:22:29.000 So my thing is like, when it comes to rates, I understand they are pretty high right now, but if you're smart about it, you get properties now while they're on the market because the biggest thing is finding deals.

00:22:39.000 Deals are hard to find anyway.

00:22:41.000 When everyone's looking for a deal, then guess what?

00:22:43.000 It's going to be extremely hard to find regardless.

00:22:45.000 But if people are not looking for deals that much and they're scared to buy, that's when you should buy.

00:22:49.000 So with the rates being this high, what I would do is I would buy now while they're still high and then refinance whenever it comes down to a lower rate.

00:22:56.000 Because let's be honest here, guys.

00:22:57.000 It won't stay high forever.

00:22:58.000 And at that point, you just refinance their property or...

00:23:03.000 Cash out refinance or HELOC. And then from there, get that money out and then get another property.

00:23:07.000 But the biggest thing I want to do with save up rates is that with rates, you always want to have the option to lower them if you can, which means wait for them to drop down and then lower them.

00:23:16.000 But don't be scared to buy property, guys.

00:23:18.000 Buy now while you still can while they're on the market because all these deals that you see right now on the marketplace won't be there in the future.

00:23:24.000 So get it now.

00:23:25.000 Yeah.

00:23:27.000 You're better off picking up a property now while you guys can.

00:23:30.000 But yeah, obviously you've got to find a deal.

00:23:32.000 But this is where...

00:23:33.000 When the rates are high, like this, guys, this is where you have to come in aggressive and offer, I hate to say, you gotta offer, you gotta lowball price them, you know?

00:23:40.000 And the thing is, is that you can.

00:23:43.000 You simply can because other, keep in mind, if it doesn't make sense for you and it doesn't make money, it's not gonna make money for other investors as well.

00:23:50.000 So you can make a lowball offer.

00:23:54.000 What is that?

00:23:54.000 Also, they're also motivated to sell because either they need money themselves or they just wanna get out to another property.

00:23:59.000 So either way, they're gonna be motivated to sell to you as a buyer.

00:24:01.000 Yeah, especially if it's closer to the end of the year, which is what we're at now.

00:24:04.000 Because, guys, the reason why is because of something called the 1031 exchange.

00:24:08.000 So if they sell the house, they have a certain amount of time to go ahead and get that 1031 exchange done after they take the profits from the deal and then move it over to another property.

00:24:18.000 So they'll also be motivated at the end of the year as well.

00:24:21.000 So a lot of times I find good deals at the end of the year. 0.96

00:24:23.000 Sometimes I have to buy them cash because, you know, oh, that's another thing too you guys can do to get around this whole bank shit, right? 0.57

00:24:29.000 You can buy deals cash. 0.90

00:24:32.000 Now, I know some of you guys are like, well, hold on, Maureen. 1.00

00:24:35.000 Didn't you say buying cash is stupid? 1.00

00:24:36.000 It is. 1.00

00:24:37.000 It is stupid a lot of the times. 0.99

00:24:38.000 But there are particular instances where buying a house cash can make sense and then you don't lose access to that capital because as soon as you buy cash, you could turn around and either do a refire or do a HELOC on that house. 0.99

00:24:52.000 So you have access to that equity that you got.

00:24:54.000 Because once you own it outright, there's no bank involved.

00:24:56.000 It's your house, right?

00:24:58.000 You just pay taxes on it, that's it.

00:24:59.000 All the money that it makes, you keep 100% and you don't gotta pay a mortgage or nothing.

00:25:03.000 However, I know some people might not wanna tie up two, $300,000.

00:25:06.000 That's totally cool.

00:25:07.000 You can go ahead and tie up that money and then go ahead and basically get access to it later.

00:25:13.000 Will you get access to the full $200,000?

00:25:15.000 No.

00:25:15.000 You'll only be able to access maybe $160K, $170K, $150K. But you still have access to a portion of that capital, which I think is still a W, assuming you can't get the house through other means.

00:25:28.000 Because keep in mind, guys, that there are some deals.

00:25:30.000 Where banks won't give you a loan on the house because maybe it doesn't mean they're appraised.

00:25:36.000 There's issues with it.

00:25:38.000 They don't want to give a loan.

00:25:40.000 The seller says, I don't want to do a deal with the bank.

00:25:43.000 I need cash only.

00:25:44.000 They're trying to make it done quickly because cash deals, you can get the deal done in like two weeks.

00:25:48.000 So there's a multitude of reasons why cash can make more sense.

00:25:52.000 I mean, I'll tell you guys a story.

00:25:53.000 Last year, this was...

00:25:59.000 It was the end of 2022.

00:26:03.000 End of 2022.

00:26:05.000 December, right?

00:26:05.000 Yeah, December.

00:26:06.000 I bought a house in Pompano Beach, right?

00:26:10.000 And I bought it cash.

00:26:11.000 $400,000 was a new build, right?

00:26:14.000 It's a steel house, right? 0.99

00:26:16.000 And it won some awards for fucking being super wind resistance, whatever. 0.97

00:26:21.000 The dude that built it, Long story short, the dude that built it was like a developer. 0.97

00:26:25.000 He built the house kind of to show, this is a house that's steel that can resist wind, blah, blah, blah.

00:26:30.000 And it won some awards, etc. 0.99

00:26:32.000 Whatever the fuck. 0.99

00:26:34.000 It's a three-bedroom, two-bath, right? 0.99

00:26:36.000 But the issue is that he needed to get rid of it quick because he built it to flex, but it cost him quite a bit of money to build.

00:26:47.000 But he's okay with that because he wanted to report the losses.

00:26:51.000 On his taxes, right?

00:26:53.000 So he wanted to report the losses. 0.98

00:26:55.000 So he built it out of pocket, cost him a lot more money to build it than what he was gonna sell it for, but he didn't go fuck because the losses would actually benefit him. 0.99

00:27:01.000 Older guy. 0.97

00:27:02.000 So he was like, look, this is off-market, but $400,000.

00:27:08.000 Now, obviously, I grit my teeth. 1.00

00:27:09.000 I was like, what the fuck? 0.99

00:27:10.000 But it was the end of the year. 1.00

00:27:11.000 I said, all right, whatever.

00:27:12.000 I bought it, cash, right?

00:27:14.000 For $400,000.

00:27:17.000 But...

00:27:18.000 Now that house is worth $500,000. 1.00

00:27:20.000 Damn. 0.99

00:27:21.000 Right? 0.99

00:27:21.000 It's worth $500,000. 0.99

00:27:22.000 Three bedroom, two bath, Pompano Beach, and that's an upcoming area.

00:27:25.000 That's why when you guys hear me talk to the girls about Pompano Beach or whatever, I know a little bit about it because, you know, I look at that market and I was like, okay, is it worth buying a bullet?

00:27:33.000 It is upcoming. 1.00

00:27:34.000 Normally, three, four years ago, piece of shit. 1.00

00:27:36.000 Never fucking invest over there. 1.00

00:27:38.000 But it's getting better because the pandemic made people come to Florida. 0.99

00:27:41.000 People come to Florida. 0.99

00:27:41.000 They can't afford to live in Miami anymore because it gets outpriced from all the fucking yuppies that come from New York. 0.99

00:27:46.000 So where do they go? 0.99

00:27:47.000 They move in the Miami-Dade, Broward County area.

00:27:49.000 Pompano Beach is an area that's going.

00:27:51.000 And Pompano Beach, I would say, is more of a Fort Lauderdale.

00:27:54.000 It's a Fort Lauderdale suburb.

00:27:56.000 So it's funny.

00:27:58.000 Cora Black talks about Pompano a lot.

00:28:01.000 Yeah.

00:28:01.000 Suburb.

00:28:02.000 I mean suburb as in the major city.

00:28:04.000 I get what you're saying.

00:28:06.000 It's the closest major city.

00:28:08.000 So Kulak talks about Pompano a lot, right?

00:28:09.000 And he's almost glorifying it as the hood area.

00:28:13.000 But I went on a date by the boardwalk over there in Pompano.

00:28:17.000 I was shocked to see how nice it was as well.

00:28:22.000 My bad.

00:28:23.000 And then how many white people were there.

00:28:26.000 Yeah.

00:28:26.000 I was like, what?

00:28:27.000 Wait, hold on.

00:28:27.000 I thought I was mainly, like, black.

00:28:29.000 But there's a bunch of white people there.

00:28:31.000 A lot of Brazilians.

00:28:32.000 Chilling, buying ice cream, eating dinner. 0.99

00:28:34.000 I'm like, damn, this era's pretty affluent. 0.96

00:28:36.000 So over time, it's developed into that side, which is more affluent as well. 0.98

00:28:39.000 I was surprised.

00:28:40.000 I went this weekend, too, so...

00:28:42.000 Yeah.

00:28:43.000 I was actually very shocked how nice and developed it already was.

00:28:46.000 It's getting a lot better.

00:28:47.000 It's nice, man.

00:28:48.000 I was shocked.

00:28:48.000 It's nice.

00:28:49.000 Guys, the reason why that place is developing is because people can't afford to live in Miami.

00:28:53.000 So what do they do?

00:28:54.000 They move.

00:28:55.000 They go up north.

00:28:56.000 They go to Broward County.

00:28:57.000 And there's better schools, too, up north than down here. 0.53

00:28:59.000 Miami-Dade is notorious for sucking with schools unless you send your kids to a private school.

00:29:03.000 So did I want to do that deal? 0.97

00:29:05.000 I was pissed, but I did it.

00:29:06.000 I grit my teeth.

00:29:07.000 But now the house is worth way more, right?

00:29:10.000 But that's one of the houses I've had to bring my rent down a bit.

00:29:14.000 You can't charge as much rent up there in Pompano Beach.

00:29:17.000 Because the rents have kind of flattened out.

00:29:18.000 So did someone tell you or did you just do it automatically because tenants left?

00:29:21.000 How did you know to lower the rent?

00:29:24.000 I just know because comparables in the area.

00:29:28.000 Comparables in the area and then I could tell with how long it stays on the market.

00:29:31.000 So what I'll do is I'll put my...

00:29:34.000 And this is a tip you guys can do too.

00:29:36.000 If you have property, put your unit on the market for at or a little bit below...

00:29:41.000 Market rent, and then let a bidding war occur.

00:29:45.000 Okay.

00:29:46.000 Let a bidding war occur.

00:29:47.000 And then just put the person in.

00:29:49.000 Oh, another pro tip. 0.99

00:29:50.000 Guys, I don't give a fuck how much money they make, and I'm learning this the hard way, because I got two tenants that make over $100,000 a year that still can't pay their fucking rent. 0.99

00:29:58.000 Actually, I'm evicting a bitch out of one of my houses right now that makes over $100,000. 1.00

00:30:02.000 What did she do for work? 0.99

00:30:03.000 I forget what it was.

00:30:05.000 She does something.

00:30:06.000 I don't know.

00:30:06.000 I forget what she does.

00:30:06.000 She's a nurse?

00:30:08.000 Something in that field.

00:30:09.000 That'll make sense.

00:30:10.000 Okay.

00:30:10.000 You learned something, man.

00:30:11.000 Yeah.

00:30:12.000 Then I had another dude that was like an airline pilot.

00:30:15.000 Not pilot.

00:30:15.000 Airline mechanic.

00:30:16.000 A plane mechanic.

00:30:18.000 Didn't pay his rent. 1.00

00:30:19.000 But then they both had shitty ass credit scores. 0.99

00:30:22.000 But I was like, you know what? 0.99

00:30:22.000 Yeah, I'm making enough money. 0.99

00:30:23.000 We should be okay.

00:30:25.000 Guys, pro tip.

00:30:27.000 It doesn't matter how much money they make. 1.00

00:30:28.000 If their credit score sucks, bro, don't give them the fucking unit, guys. 1.00

00:30:31.000 Don't give it to them. 1.00

00:30:32.000 I'll take it further. 1.00

00:30:32.000 Don't fucking give it to them. 1.00

00:30:33.000 If you want to date a chick, your score sucks, don't date her, bro. 1.00

00:30:36.000 700 or above only. 1.00

00:30:38.000 Facts.

00:30:40.000 Alright.

00:30:41.000 But yeah, so that's something I learned.

00:30:43.000 Like, how much money they make, people can never outspend bad habits, bro.

00:30:46.000 Sorry, they can never outlive their bad habits. 1.00

00:30:49.000 I'll save their bad fucking habits. 1.00

00:30:51.000 Yeah. 1.00

00:30:52.000 Like, it's just fucking ridiculous. 1.00

00:30:53.000 So, yeah, she's a fucking bum. 1.00

00:30:57.000 But, yeah, she was complaining to all my kids. 1.00

00:30:59.000 Shut up, man. 0.84

00:31:00.000 But regardless, though, with risk, we're just saying, guys, as a summary here, don't let them scare you. 0.98

00:31:04.000 If you want to get into property, do it now while you still can, because I'm telling you, BlackRock and these investors that we have now, New York, Canada, they're buying right now as we speak, and those deals won't be there.

00:31:14.000 And I'd argue that articles like that are put out to scare you from buying a house.

00:31:18.000 It is. 0.99

00:31:19.000 Because, just like he said, guys, BlackRock since the pandemic has been buying single-family homes like fucking crazy. 0.93

00:31:27.000 Almost every hour, basically, if you think about it. 0.97

00:31:29.000 They're buying houses all the time.

00:31:31.000 And Chris Krohn, who we did a Zoom call on him, please go check it out, it was great, guys.

00:31:34.000 Yeah.

00:31:35.000 He talks about this.

00:31:36.000 There's a reason why he buys single-family homes.

00:31:38.000 Single-family homes are never going to go out of style.

00:31:40.000 You'll always be able to rent those.

00:31:42.000 So I got a tip for the guys watching right now.

00:31:44.000 If you're here watching right now, this is a goal of mine.

00:31:45.000 We can go right now, buy property, and make massive gain.

00:31:49.000 So I have an investor friend that lives in Orlando, and he told me this actual location that's really good for buying properties.

00:31:55.000 I'm going to buy some as well next coming months.

00:31:58.000 Celebration Florida in Orlando.

00:32:01.000 Celebration Florida?

00:32:02.000 Yeah.

00:32:02.000 So that area, any property over there, go on Zillow.com or Redfin, any of those websites, even single-family homes over there have the tendency to go up in value immensely.

00:32:13.000 So buying them now while the market's kind of like a little bit shitty, with a year or two, it'll blow up in value.

00:32:18.000 Just buying it right now.

00:32:19.000 Celebration, Florida.

00:32:20.000 Okay.

00:32:21.000 There you guys go.

00:32:21.000 Yep.

00:32:23.000 But yeah, so that house, like I told you guys before, right?

00:32:25.000 So I was mad I grew up my teeth, I bought it, but it's worth $500,000 now.

00:32:28.000 So effectively, if I wanted to, I could open up a home equity line of credit, or I can do...

00:32:34.000 $70,000, $80,000.

00:32:35.000 Or I could do a cash out refinance and pull that money out, get 70-80% out, and that would give me access to like $500,000, that set 80%, that'd be like $400,000. 0.97

00:32:50.000 Damn. 0.97

00:32:51.000 Yeah. 1.00

00:32:52.000 70-80%.

00:32:52.000 80% no, give me like 400k.

00:32:55.000 That's pretty good.

00:32:56.000 So yeah, guys, that I could have access to.

00:32:59.000 So it does make sense sometimes to buy houses cash, especially when you find a deal like that and the seller, he didn't want to do a bank loan.

00:33:06.000 But the problem is people of our generation don't want to buy property nowadays, so they're going to be renters for a long period of time, bro.

00:33:11.000 Yeah, which is very bad.

00:33:12.000 That's a millennial thing, by the way.

00:33:14.000 Millennials and Gen Zers are notorious for not buying stuff. 0.97

00:33:16.000 Even though they make more money than a lot of people from the past, they still believe in renting.

00:33:21.000 Their money doesn't go as far.

00:33:22.000 That's why, because of inflation.

00:33:23.000 Yeah.

00:33:25.000 Speaking of which, our next topic is going to be this exactly, about how millennials are making more money, but at the same time, right now where we live in inflation, high costs, and energy costs as well.

00:33:37.000 They're talking about buying land.

00:33:38.000 Guys, I personally, look, I'm going to keep it a buck. 1.00

00:33:41.000 I think buying land is a fucking waste. 0.99

00:33:43.000 I wouldn't. 0.99

00:33:44.000 Yeah, I genuinely think buying land is a waste.

00:33:47.000 So many people ask me about buying land. 0.99

00:33:48.000 Guys, I don't fuck with land. 1.00

00:33:50.000 I think it's a big ass fuck of waste. 0.99

00:33:52.000 Unless you're gonna build something that's gonna make you money, like instantly, then maybe. 0.99

00:33:55.000 But even then, I'd be cautioned about it.

00:33:57.000 A lot of you guys buy land in random ass places too. 0.87

00:33:59.000 Like, bro, look. 0.99

00:34:00.000 If you want to buy land in fucking Wynwood, in Miami, cool. 0.99

00:34:03.000 Be my guest. 0.99

00:34:04.000 You're sitting on a couple million dollars, right?

00:34:07.000 Because there's a bunch of people. 0.97

00:34:08.000 If you go to Wynwood, Miami right now, there's a bunch of open fucking lots that have signs around them saying building coming soon, blah, blah, blah. 0.94

00:34:14.000 Those are smart people that bought that land for $500,000, whatever it may be. 0.98

00:34:19.000 Now it's going to be worth millions because they're going to put a fucking high rise there. 1.00

00:34:24.000 Then we could have a conversation about buying fucking land. 0.99

00:34:26.000 But in general, buying land is a waste of money, man. 0.99

00:34:29.000 You don't get the same tax write-offs because you can't cost segregate it.

00:34:34.000 At all.

00:34:35.000 And for you guys that are wondering, cost segregation is based on the actual property, the wear and tear of the house.

00:34:41.000 But if you have land, because when you do cost segregation, you can't put the land into the cost segregation survey.

00:34:48.000 So you're not able to derive the same benefits from a tax perspective for buying land.

00:34:53.000 And let's be honest here, a lot of times land, you're not making money on it.

00:34:56.000 You just buy it and you kind of sit on it, unless you have like a parking lot on it or something like that.

00:34:59.000 And you got to pay taxes on it too.

00:35:02.000 Yeah.

00:35:02.000 It's costing you money.

00:35:03.000 I don't know. 0.99

00:35:03.000 I think land is stupid because I saw someone in here talking about buying land. 0.99

00:35:06.000 Fuck that shit, bro. 1.00

00:35:08.000 Unless you're a very savvy investor, you got your portfolio set up, you're making cash flow, whatever, you want to dabble in land and it's a long-term thing, whatever, you know what you're doing. 1.00

00:35:19.000 Fine.

00:35:20.000 But most of you guys that are watching this show right now, bro, land is...

00:35:23.000 Nah.

00:35:24.000 If I had a network of developers that I knew personally, then I'll buy land.

00:35:28.000 Other than that, I'm not buying land.

00:35:30.000 Yeah. 0.99

00:35:30.000 It's a big fucking waste. 0.99

00:35:32.000 Yeah. 1.00

00:35:33.000 Go ahead.

00:35:33.000 Okay, cool.

00:35:34.000 So we've got the article here, Bills?

00:35:35.000 Yes.

00:35:40.000 All right.

00:35:41.000 Millennials are wealthier now than their parents who are at the same age in drastic turnaround report.

00:35:45.000 I've got a video here as well.

00:35:49.000 Yeah, you can play it.

00:35:51.000 Just the first part.

00:35:57.000 Fun fact, he's in Orlando as well.

00:35:58.000 I spend the day in my steel-toed boots.

00:36:00.000 Oh, that's commercial.

00:36:01.000 Lame! 0.99

00:36:02.000 Anyhow, yeah, he talks about what's going on with the current market and millennials, and it's really crazy what he's talking about with the...

00:36:10.000 Yeah, I think most of us in America would define the middle class as somebody who can work a 40-hour-a-week career and could have the income to purchase the average home in America and possibly even have a spouse at home,

00:36:28.000 raise a couple children, take a two-week vacation, have a car that's five to ten years old, nothing fancy.

00:36:35.000 You know, still turning the lights off in the house.

00:36:37.000 A lot of us grew up middle class, and we watched what middle class was in the 80s and 90s as millennials.

00:36:43.000 And nowadays, that's what's moved the goalpost more than anything is the housing market.

00:36:48.000 Because just five years ago, the median household income was about $60,000, $70,000, and that's what you needed to qualify for a home.

00:36:57.000 Now in 2024, the average home is $400,000, $420,000 for most of Americans, and you need about $120,000 as an income to have a shot at qualifying for that house.

00:37:10.000 So just in the housing market alone, I feel, is what shifted the goalpost.

00:37:15.000 And if someone can't afford Yeah.

00:37:30.000 Yeah.

00:37:35.000 Yeah.

00:37:40.000 So, nowadays, people bring up middle class.

00:37:43.000 I think it's pretty much like dead.

00:37:44.000 I think now where middle class is, it's basically like either you're successful and you have a high-paying career, or you're not successful and you're working at minimum wage or average minimum wage.

00:37:55.000 What do you think about that, middle class?

00:37:57.000 Yeah, I mean, it's slowly evaporating, right?

00:38:00.000 Because I don't...

00:38:01.000 It's either...

00:38:02.000 I would say, if anything, it's more along the lines of you're either poor or upper middle class.

00:38:06.000 But this whole middle class thing, it's not even...

00:38:10.000 Because you could barely make a living with a middle class salary.

00:38:13.000 I mean, other than paying your mortgage and paying for the cars...

00:38:18.000 And food?

00:38:19.000 Because food is outrageous right now.

00:38:21.000 To me, vacation, maybe once a year, if you're lucky?

00:38:24.000 That much?

00:38:25.000 50k a year?

00:38:26.000 Yeah.

00:38:27.000 50k a year, you could provide for yourself as a single guy, but for a family, man, I remember you used to be able to provide for a family with 50k per year when I was growing up.

00:38:34.000 Now there's no way.

00:38:36.000 Like you mentioned, most properties now are 400k plus.

00:38:40.000 That is not cheap.

00:38:41.000 And then you add in the cost of living, food, groceries, and then car prices?

00:38:45.000 I think the average medium is like, when we talk about Chris Wall, is it like $300,000 to $400,000?

00:38:49.000 Yep.

00:38:50.000 Nationwide, $300,000 to $500,000?

00:38:51.000 Yep.

00:38:52.000 So you're going to need a lot more money, and as well, everyday expenses are even higher.

00:38:56.000 So I think middle class is pretty much gone.

00:38:58.000 Upper middle class is a good thing to say as well, but honestly, guys, this is why people nowadays, especially millennials, don't want to buy.

00:39:05.000 They just want to rent.

00:39:06.000 They want to travel, they want to go out to eat, and they want to enjoy life, but not have a heavy bill on their expenses.

00:39:12.000 And I get it. 0.94

00:39:13.000 They'd rather rent, which I think is stupid a lot of times, but... 0.79

00:39:15.000 It is, but their mindset is, okay, I could spend all this money and be burdened by this weight on my shoulder, which is the property, or just rent and move when I want to move. 0.90

00:39:24.000 So the freedom of moving and having that access ability is what's driving them to say, you know what, I'll just travel, rent, and then eat wherever I want.

00:39:32.000 I mean, I get it, but it's not smart, though.

00:39:34.000 Because you're paying rent to somebody's mortgage when you pay your own rent, which is your mortgage.

00:39:40.000 Yeah, I mean, renting makes sense sometimes.

00:39:43.000 I mean, actually, it makes sense most of the time, right?

00:39:45.000 Like, buying is not always necessarily the best, but my issue is that they don't own any assets.

00:39:50.000 That's the biggest thing.

00:39:51.000 It's like, they don't have any assets.

00:39:53.000 If you want to rent where you live, that's fine, but do you own assets?

00:39:55.000 And most of them don't.

00:39:57.000 Let's say you were...

00:39:58.000 Pretty scared about spending money, right?

00:40:00.000 Let's see if you borrow a property, maybe...

00:40:02.000 Well, also keep in mind, millennials, that's our age group, they have the Dave Ramsey advice.

00:40:06.000 Don't have debt!

00:40:08.000 True.

00:40:08.000 Right?

00:40:09.000 You know, save your money, like, you know, it's this whole, like, doom of having debt in general, and they think all debt is bad, but the reality is it's only really consumer debt, because...

00:40:19.000 Dave Ramsey teaches millennials and even people like our age, he tells you don't even take a mortgage to buy a house, Dave Ramsey.

00:40:28.000 But to be fair, people should follow his advice though, because most people are not good with money.

00:40:32.000 So they're going to do the worst things possible to the extreme. 1.00

00:40:35.000 For idiots, yes. 1.00

00:40:36.000 For idiots that don't understand how credit works and how debt really works. 1.00

00:40:41.000 Especially when you live in a country like America that's run by a central fucking bank. 1.00

00:40:45.000 Debt, if you know what you're doing, is very intelligent. 0.99

00:40:48.000 I like how... 0.93

00:40:49.000 Because Robert Kiyosaki, Grant Cardone, Ken McElroy, these guys talk about debt where you can use debt as a fucking asset, which is true. 0.92

00:40:57.000 Because we live in a debt monetary-based system.

00:41:02.000 If you're able to use the debt intelligently and acquire assets that pay for themselves, then the debt is 100% worth it.

00:41:11.000 So.

00:41:11.000 Okay.

00:41:12.000 I mean, honestly, bro, from my opinion, what millennials should do is they should work their asses off, do, I want to say, overtime as much as possible, and at that point, use the money to buy property. 1.00

00:41:23.000 And if you can't do that, work two or three jobs, minimum.

00:41:26.000 Yeah, you got to suffer for a few years.

00:41:27.000 Oh, I'm tired from work.

00:41:29.000 I want to watch TikTok.

00:41:30.000 All right, buddy.

00:41:31.000 Well, then that's where you're going to live at. 0.99

00:41:32.000 Rent forever and die as a renter. 0.99

00:41:36.000 Yep.

00:41:37.000 Quick order from our sponsors.

00:41:38.000 Go ahead, Bill.

00:41:39.000 Moe. 0.93

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00:44:38.000 All right.

00:44:40.000 Cool.

00:44:41.000 Thank you, Mo.

00:44:42.000 So, where we at here?

00:44:44.000 So, for millennials, what advice would you give to them to, like, move forward and become better?

00:44:48.000 I think buying real estate is the way to go. 0.95

00:44:50.000 Like, I think all your money guys that you, like, work as many jobs as you can, even if you've got, like, a bullshit, like, you know... 0.94

00:44:58.000 You know, minimum wage, job, whatever. 0.58

00:44:59.000 Like, you can work multiple of those.

00:45:01.000 You can work maybe at a burger spot, then do Uber, then do maybe some Uber Eats, whatever it may be, and then make as much money as you can and pick up your first property and house hack your way in.

00:45:10.000 I think that's the best way to get in as a money owner, because at least once you get that first property, I don't even care if you become a real estate investor.

00:45:19.000 Once you get that first property and you're able to live in it and rent out the other side or you have roommates or whatever, you're able to live for free.

00:45:25.000 So at least you're going to cut your biggest expense, which is living expense for most Americans.

00:45:30.000 And then let's say you own your car.

00:45:31.000 Bro, that in itself is going to make your life so much easier.

00:45:34.000 You know what's crazy about, especially guys as well for cars?

00:45:38.000 Cars are our biggest thing that we buy after rent.

00:45:43.000 Usually we buy cars either with lease or finance.

00:45:47.000 But the more I'm in the car space, the more I learn about cars, bro.

00:45:51.000 It is literally eating at your wealth the more you do that.

00:45:54.000 So paying a car off actually saves you a hell of money over time.

00:45:58.000 So that's well said.

00:45:59.000 Yeah, man.

00:45:59.000 Guys, just drive a beater, bro.

00:46:01.000 It really isn't that serious, man.

00:46:03.000 A lot of people want to have the nicest car or whatever.

00:46:07.000 For most of you guys, it doesn't make sense.

00:46:10.000 Unless you're running a business and you're buying a car that's like 6,000, what is it, 3,000 or 6,000 pounds?

00:46:16.000 I believe it's 6,000 pounds.

00:46:17.000 It doesn't make sense financially to buy a super nice car, man.

00:46:22.000 It really doesn't make sense for you.

00:46:25.000 Because a lot of you guys have regular jobs, you're not an entrepreneur.

00:46:28.000 It doesn't make sense. 1.00

00:46:31.000 And don't fall for the fucking, you know, bullshit. 1.00

00:46:33.000 Oh, bro, you know, have a super nice car. 1.00

00:46:36.000 You know, it's worth it.

00:46:38.000 Live a little, blah, blah, blah.

00:46:39.000 Like, nah, man. 1.00

00:46:39.000 Don't fall for that shit, bro. 1.00

00:46:41.000 Six thousand pounds. 1.00

00:46:42.000 Like, don't fall for that shit, guys. 1.00

00:46:44.000 It's not worth it, man. 1.00

00:46:46.000 Especially... 1.00

00:46:46.000 Like, nowadays, especially with the current car market, you're fucked, bro. 1.00

00:46:49.000 Yeah, no. 1.00

00:46:50.000 Hell no.

00:46:50.000 And the interest rates are high?

00:46:52.000 Yeah, wait.

00:46:53.000 You're paying $500 to lease a Camry?

00:46:55.000 If you're gonna buy a car, buy at least three...

00:46:58.000 To four years lower than the current year.

00:47:01.000 I'm telling you guys, it looks the exact same, but you're going to save on depreciation and as well, new car tax.

00:47:07.000 Because new car tax basically means you buy the car brand new, the moment you drive off the lot, you got to pay a tax.

00:47:13.000 A huge tax.

00:47:14.000 At least 20% down on the car.

00:47:16.000 So off the car.

00:47:17.000 Oh, you mean the value of the car goes down?

00:47:19.000 Going down, yeah, 100%.

00:47:20.000 When you say brand new, are we talking about brand new as in like the year it was released, it's that current year, or do you mean brand new as in like no zero mileage?

00:47:27.000 Brand new from the dealership.

00:47:28.000 That can mean either the exact year or a new car that was not put miles on at all.

00:47:33.000 Okay, so it could be a 2022, but brand new zero mileage.

00:47:36.000 Well, at that point, the value should be lowered, but just to be extra careful, three to four years lower, pre-owned.

00:47:43.000 So if anyone's buying a car now, they should be looking for a 2021 pre-owned.

00:47:48.000 Pre-owned.

00:47:48.000 That's in good condition.

00:47:50.000 The service by the dealership or manufacturer has a warranty on it.

00:47:53.000 Boom.

00:47:54.000 That's it.

00:47:55.000 What's the price range?

00:47:56.000 It depends on what they want.

00:47:58.000 But let's say they're getting a Toyota or Honda, you can spend maybe like 12 to 17k.

00:48:03.000 Give us like the reliable cars, what they should be spending.

00:48:07.000 Camrys, Hondas, like what do you think they should be spending?

00:48:09.000 If you're in South Florida, I recommend Rick Case.

00:48:11.000 Shout out to them.

00:48:12.000 That was my second car I bought from Florida.

00:48:16.000 It's Rick Case Hyundai Elantra.

00:48:17.000 But those companies have cars that last forever.

00:48:21.000 You buy those one time, pre-owned of course, don't buy brand new.

00:48:24.000 And what's going to happen is once you buy those cars, you drive to work A to Z for years, and they last forever.

00:48:29.000 Now granted though, if you buy a new car from any location at all, What's going to happen is the car value, once you trade off the lot, is going to go down, and then you have to pay what's called, what's the term for it?

00:48:43.000 It's when you're, not underwater, but you're like, what's the term for it again?

00:48:49.000 When you owe money on a car, when you buy it.

00:48:51.000 But the value of the car is below it?

00:48:52.000 Yeah, below it.

00:48:53.000 That's what it's called.

00:48:54.000 Yeah.

00:48:54.000 I mean, mostly I call it like being upside down on a deal.

00:48:57.000 Oh, okay.

00:48:58.000 So when you're upside down on a deal like that, you're going to feel the pain of paying off.

00:49:02.000 Because, guys, remember, the car, you still have it.

00:49:04.000 You're paying monthly for insurance and the price of the car.

00:49:07.000 So as long as you know you want to sell it, guess what you got to do?

00:49:10.000 Pay the difference of the car from the value.

00:49:12.000 So that means you got to pay between roughly...

00:49:14.000 You're overpaying for a car that's worth less.

00:49:17.000 Yeah.

00:49:17.000 Because you locked in that rate.

00:49:18.000 100%.

00:49:19.000 Oh.

00:49:19.000 And mind you, they know what's happening because to them it's like, okay, you just signed this piece of paper for finance or for lease, we got you.

00:49:25.000 Remember, they make money on the front end.

00:49:27.000 Because those terms were done at the point when you signed that paper and you're stuck in that.

00:49:33.000 They make money from the front end, but mostly from the back end.

00:49:36.000 That's what it gets you, bro.

00:49:37.000 So the front end is easy.

00:49:39.000 The back end, that's where the money goes.

00:49:40.000 Dude, buying a new car now, it just seems like there's no way to...

00:49:45.000 It's the finesse, bro.

00:49:46.000 It's the finesse.

00:49:47.000 So at this point, would you advise anyone ever buy a brand new car?

00:49:50.000 No.

00:49:50.000 Honestly, no.

00:49:51.000 There's no point.

00:49:52.000 Like, there's cars already that have been made from prior years that are just as good and look exactly the same.

00:49:58.000 Ta-da! 1.00

00:50:00.000 And if you can, if you're a mechanic or you know someone that's a mechanic, you can go to them for a repair or for maintenance.

00:50:06.000 Don't go to the dealership.

00:50:07.000 Go to them.

00:50:08.000 It's way cheaper.

00:50:08.000 They do the same job, and they don't tax you.

00:50:12.000 So, just some tips here, guys.

00:50:14.000 Yeah.

00:50:15.000 Okay. 1.00

00:50:15.000 Damn. 1.00

00:50:16.000 And then the last topic for today. 0.99

00:50:18.000 Yeah.

00:50:20.000 Kamala Harris recently told everyone her policy on financial gain for the American people.

00:50:29.000 So let's see the article.

00:50:31.000 Okay.

00:50:32.000 Kamala Harris unveils economic plan, including a whopping $1.7 trillion in handouts, Fed ban on grocery store price gouging.

00:50:40.000 Wow.

00:50:42.000 This is crazy.

00:50:44.000 We can play the video as well.

00:50:47.000 So she's going to give us handouts.

00:50:49.000 Is this going to be like PPP loans?

00:50:51.000 Or is it going to be like the, uh, huh?

00:50:52.000 New York Post trying to tax us right now.

00:50:55.000 Literally, bro.

00:50:56.000 Sign up now, bro.

00:50:58.000 Okay.

00:50:59.000 Raleigh in North Carolina.

00:51:01.000 Vice President Kamala Harris on Friday unveiled the economic policy she would enact in her first 100 days in office, and it comes with a whopping estimated $1.7 trillion in handouts as well as government price controls on groceries amid ravaging Biden-Harris administration inflation.

00:51:12.000 Her economic plans measure includes Measures to dole out $25,000 to help first-time homeowners with their down payment and give up to $6,000 tax breaks for lower- and middle-class income families who have a child in their first year of life.

00:51:25.000 Harris did not say incomes qualify as lower and middle.

00:51:28.000 The housing subsidies alone are absolutely inflationary and would push a $2 trillion deficit even higher, Brian Rideau, a senior economic fellow at the Manhattan Institute, told.

00:51:37.000 The Post, referring to the already projected budget fall for 2024, Those subsidies make up just $200 billion of the $1.7 trillion handout pledged to voters.

00:51:50.000 So, she was critiqued on many platforms about not stating her policies.

00:51:56.000 She stated one, and it's already two.

00:51:58.000 And it doesn't make sense.

00:51:58.000 Yeah.

00:52:00.000 I think personally, man, Kamala is just not for us, bro.

00:52:04.000 Look, if you guys are watching Fresh and Fit, right, and you're thinking about voting Democrat, you guys are doing something wrong.

00:52:09.000 Like, we teach you guys to be entrepreneurs.

00:52:12.000 We teach you guys to have a regular job, but also do entrepreneurial ventures on the side. 0.93

00:52:15.000 Stuff like this is going to fuck you up. 0.68

00:52:17.000 Because here's the thing. 0.98

00:52:19.000 You guys gotta understand, right?

00:52:20.000 When it comes to taxes, the people that get destroyed the most when it comes to taxes are childless people that earn between, I would say, $80,000 and more.

00:52:30.000 And why it sucks is because once you start making $80,000 more, what ends up happening is you're considered like...

00:52:37.000 Kinda rich, where the government's like, oh, we're gonna take a bunch of money from you, so you're not making enough yet where you're actually making a fuck ton of money where you can give that money out on taxes and be like, oh man, this sucks, but whatever, it's fine, I'm still okay.

00:52:50.000 You're just entry-level getting there.

00:52:53.000 But you're still getting taxed like someone who makes significantly more than you because now you hit that tax bracket. 0.92

00:53:01.000 So you're at the bottom of You're a rich poor nigga, if I'm gonna say it. 1.00

00:53:06.000 Basically. 1.00

00:53:07.000 Yeah, you're basically a rich poor nigga. 1.00

00:53:08.000 So you're getting taxed like a rich dude, but you just made it. 0.99

00:53:12.000 So now you're getting hit with the fucking high taxes that someone in your bracket is also dealing with, but they make significantly more money than you. 0.96

00:53:20.000 And that's the thing. 0.96

00:53:21.000 Taxes are designed to take money from the people that have high income skills that earn a lot of money, that don't have assets and don't have children.

00:53:28.000 That's what I tell you guys.

00:53:30.000 You need to have assets, especially if you're making quite a bit of money and you don't have kids, because the assets are going to protect you from bills like this.

00:53:37.000 Because the thing that people don't get is when they see this stuff like, I'm going to get all this free money, woo!

00:53:43.000 Where do you think they get that money from?

00:53:46.000 You! 0.99

00:53:47.000 You! 0.99

00:53:48.000 She not paying for it.

00:53:49.000 You're paying for it.

00:53:50.000 I'm paying for it.

00:53:51.000 Actually, I'm not even paying for it.

00:53:52.000 He ain't paying for it because we don't pay taxes.

00:53:54.000 Not no more.

00:53:56.000 The rich don't pay taxes, guys. 1.00

00:53:58.000 The fucking middle class pay the taxes. 0.99

00:54:00.000 Yeah. 1.00

00:54:01.000 You know the sad part about this?

00:54:02.000 All the...

00:54:03.000 I can't say this word on YouTube.

00:54:05.000 All the N's are going to be like... 1.00

00:54:08.000 Free money!

00:54:08.000 Yeah, child support money!

00:54:10.000 Oh my God!

00:54:11.000 And it's like, wait, what's the byproduct of what you're going to do with the money?

00:54:15.000 You know what I'm going to do?

00:54:16.000 Buy rims, buy shoes, and maybe some hard liquor, and stay in the hood.

00:54:22.000 And I'm just like, I'm interested to see how she's going to give them this $25,000 thing for homeowners. 0.60

00:54:29.000 Yeah.

00:54:29.000 How are you gonna give it to them?

00:54:31.000 Through app?

00:54:32.000 Through the mail?

00:54:33.000 Who knows, bro?

00:54:34.000 Right for fraud, just like the PPP loans? 1.00

00:54:36.000 Bro, I just think right now where we're at in the current climate of finances, we're fucked. 0.99

00:54:43.000 And without proper planning, like this is some bullshit by the way, we're going to go even deeper in debt. 0.98

00:54:48.000 And can Kamala really save us? 0.99

00:54:50.000 No, she can't.

00:54:51.000 Maybe Trump, but not Kamala.

00:54:53.000 Yeah, guys.

00:54:55.000 Again, let's pull up that article again.

00:54:57.000 This is another example of what I mean when I say that Democrats give our handouts, but they don't understand that.

00:55:01.000 Giving those handouts means that you're going to have to take money from the very people that you're trying to get the handouts to.

00:55:06.000 But you know what's scary, too?

00:55:09.000 If people demand for this kind of behavior from the government, we're going to start relying on them as a source of money, and that means they have more control over us as people.

00:55:18.000 So, all the middle-class or, like, lower-class people that want to get these financial benefits are going to say, yo, help us, government.

00:55:25.000 We need your help.

00:55:26.000 They're going to say, oh, bet, you need our help like this?

00:55:29.000 Perfect.

00:55:29.000 We'll lock you in.

00:55:30.000 Now you're under our control.

00:55:31.000 So, it's scary, man.

00:55:33.000 So the CRFB estimates make it clear that the Harris agenda, like Biden's before, will be fiscally reckless and economically damaging, Adam Michael, the director of tax policy studies at the Libertarian Cato Institute, told The Post.

00:55:47.000 Running people large checks and enforcing price controls is a recipe for expanding demand and shrinking supply, creating shortages and necessitating Yeah,

00:56:08.000 and she actually did that because, if I'm not mistaken, J.D. Vance came up with a similar thing with the child tax.

00:56:15.000 I think it was like $4,000 or $5,000.

00:56:18.000 This is very reckless to be adding this type of debt to our only already existing mountain of debt, said Joe Griffith.

00:56:24.000 Well, they don't care because we print the money.

00:56:25.000 An economic research fellow at the Heritage Foundation told The Post in reference to the rising national deficit that currently sits at $34 trillion and is expected to reach $50 trillion by 2034, the nonpartisan tax foundation in an analysis was particularly troubled by the lack of detail she founded over where the funding for the handouts would come.

00:56:46.000 It's gonna come from us, bro.

00:56:48.000 It's gonna come from the American people.

00:56:50.000 It's crazy, because at this point, bro, what do we even do?

00:56:55.000 I mean, if she actually wins the election, bro, which, bro, who knows? 0.96

00:57:00.000 Like, this is gonna fuck us up.

00:57:02.000 I'll give her credit for trying to stop the price gouging for the grocery stores, because they are definitely gouging. 0.98

00:57:07.000 But, I mean, the other stuff, dude, I don't know.

00:57:11.000 It's just not gonna...

00:57:13.000 And this is common with Democrats.

00:57:14.000 Give out free handouts and they don't understand that.

00:57:16.000 Giving out free handouts means you have to tax the very people you're trying to give the handouts to.

00:57:19.000 I don't understand.

00:57:20.000 It's like they take $100 from you and give you back $70.

00:57:22.000 And they say, look, we're helping you.

00:57:24.000 That's what they do.

00:57:25.000 Right now she's in office, right?

00:57:26.000 And Biden's policies didn't work last time.

00:57:28.000 This is an upgrade to Biden's policies.

00:57:31.000 Is it going to work?

00:57:31.000 No.

00:57:31.000 It's the same shit.

00:57:32.000 But, you know, we're fucked, bro. 1.00

00:57:35.000 I don't think giving money to the middle class and the poor is the way to go. 0.99

00:57:40.000 You have to give money. 0.97

00:57:40.000 This is going to sound like an asshole, but you've got to give money to the people that run businesses and the people that have real estate. 0.97

00:57:45.000 Why do you do that? 0.98

00:57:46.000 Because when you give them tax breaks and you give them money, what ends up happening is they employ more people, and then it's a top-down system where they're able to scale their business, they hire more people, they hire more people, they create more jobs.

00:57:56.000 Then those people are able to get real money that's coming in from their job versus...

00:58:02.000 Getting a handout one time and then spending it recklessly because the whole reason a lot of times people are in the middle class or in the lower class is because they suck with money.

00:58:10.000 So if you give them money, their shitty spending habits are going to continue versus you give it to people that are fiscally responsible, able to start a business, people that have businesses, etc. 0.89

00:58:17.000 They hire the people that are bad with money. 0.88

00:58:20.000 Also, to your point, when you enable bad behavior, what happens?

00:58:23.000 It continues or gets larger.

00:58:25.000 Yeah. 0.97

00:58:25.000 So all these drug addicts, all these like friggin' massive spenders that just waste money every single week on strip clubs or other miscellaneous expenses, they're gonna keep doing that because they know, oh, next month, free check. 0.97

00:58:37.000 Yeah. 0.99

00:58:37.000 Who cares? 0.99

00:58:38.000 Yeah, giving the money, again, giving the money to the lower class almost never works. 0.61

00:58:43.000 You need to give money, and this is why they get mad.

00:58:45.000 They say, well, Republicans give money to the rich and make them richer.

00:58:47.000 Duh.

00:58:48.000 Yeah, but those people employ the middle class. 1.00

00:58:52.000 Because here's the thing, it works out because with capitalism, you want to make more money.

00:58:56.000 To make more money, you need to scale.

00:58:57.000 To scale, what does that mean?

00:58:59.000 You need to hire employees.

00:59:00.000 Ding, ding, ding.

00:59:01.000 Like, that's how it goes, right? 0.99

00:59:04.000 You need to hire people to scale your fucking business, to scale your business to make more money. 0.98

00:59:09.000 So capitalism has self-checks and balances in it with that. 0.99

00:59:13.000 So that's why it works to give, because here's the thing.

00:59:17.000 The United States, I always tell you all this, right?

00:59:18.000 The United States is built on two main premises, two main principles.

00:59:23.000 Small businesses, real estate, right?

00:59:25.000 Small businesses, real estate.

00:59:27.000 Guess what that does?

00:59:28.000 It creates a corner, right?

00:59:29.000 This corner right here, you guys see from my elbow?

00:59:32.000 This is the cornerstone of the American economy.

00:59:34.000 If you're able to create jobs and housing, you basically create an infrastructure.

00:59:39.000 That is why they get big tax breaks.

00:59:41.000 When they get big tax breaks, they take that money and they put it back into the market either with their business or with their real estate.

00:59:48.000 And what does that do?

00:59:49.000 That creates jobs and it creates housing.

00:59:51.000 This is why people that have real estate or businesses get such big tax breaks because it keeps the economy going.

00:59:57.000 When you destroy this cornerstone, boom, we got nothing.

01:00:00.000 And then you go ahead and just throw money to the middle class.

01:00:02.000 What do they do? 0.97

01:00:03.000 They continue to have the poor spending habits that put them in the fucking lower or middle class in the first place. 0.98

01:00:09.000 I love my parents, but they were very bad with money. 0.98

01:00:11.000 Credit card debt, etc.

01:00:13.000 And giving them more money, all they're going to do is take that money and pay off their debts that they got there in the first place because they didn't make enough money or they didn't have the skill set to make enough money, etc.

01:00:24.000 And they stay where they're at.

01:00:25.000 You need to give it to the people that are actually employing them or housing them so that they can go ahead and hire more people. 1.00

01:00:32.000 That's how you fix shit. 0.92

01:00:33.000 I do believe in trickle-down economics, and I'm not saying this now just because I'm a business owner or whatever, but when you look at it on a macro scale, it makes way more sense. 0.99

01:00:45.000 Unfortunately, the population itself is not smart.

01:00:48.000 And this is coming from a guy that came from a lower middle class background.

01:00:50.000 I can tell you guys that people in the lower middle class, their biggest issue is they just spend money poorly.

01:00:58.000 Credit card debt, etc., I was at AT&T for a year back in the day and I saw people there from all walks of life.

01:01:08.000 Haitian, you know, Dominican, Jamaican, American.

01:01:13.000 And I asked them, like, how long have you been at this company?

01:01:16.000 Some people said five years, ten years, some said 25 years. 0.99

01:01:20.000 I'm like, god damn. 0.98

01:01:21.000 This guy I spoke to, though, was there for 30 years. 0.99

01:01:24.000 And I was like, wait, how old are you?

01:01:26.000 Oh, I'm 55.

01:01:27.000 And I was like, wait, you spent your entire life here.

01:01:31.000 And I don't mean to get into your business, but like, I can imagine what he's making.

01:01:35.000 Maybe make it 20 bucks if he's lucky. 0.94

01:01:38.000 And I'm like, damn, because I'm making $10 as a new hire, right? 0.50

01:01:42.000 So him being there, maybe 20, 25, make it max. 0.98

01:01:46.000 But that was a reality that I didn't want to be a part of.

01:01:48.000 And people will stay comfortable when they're getting a paycheck.

01:01:53.000 So imagine them getting free money like this, but they're not going nowhere.

01:01:56.000 And what's going to happen is they're going to encourage, like I said, by behavior, continue it, and then what do we have?

01:02:01.000 It's a study that depends on the government that wants control, and they're going to take control over us.

01:02:05.000 Yeah, I mean, if you're giving them free money, yeah, you're right.

01:02:08.000 I knew people that would literally purposely not work because they made more money on welfare than they did working a job.

01:02:13.000 So why are they going to get a job?

01:02:15.000 Or if they do get a job, it'll be under the table.

01:02:18.000 Yeah. 0.99

01:02:20.000 You know, some bullshit under the table that they do part-time. 0.99

01:02:23.000 So, it is what it is, man. 0.99

01:02:25.000 Okay, some chats, and then...

01:02:26.000 Yeah, let's read some of these chats if you guys got questions.

01:02:28.000 Oh, one from our sponsor?

01:02:31.000 Our chats first.

01:02:31.000 I'll do that.

01:02:33.000 All right.

01:02:33.000 We're from sponsors.

01:02:34.000 We're from sponsors.

01:02:35.000 Guys, get your questions in while Mo reads this.

01:02:37.000 We'd love to answer some of your guys' questions on...

01:02:38.000 It's a Money Monday, so Q&A. There you go.

01:02:41.000 Get them in, guys.

01:02:43.000 Rumble Rant them in.

01:02:45.000 Go ahead, Mo.

01:02:45.000 You got it.

01:02:49.000 This episode is sponsored by Noble Gold Investments.

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01:04:16.000 So, go to noblegoldinvestments.com slash fresh right now.

01:04:22.000 That is noblegoldinvestments.com slash fresh.

01:04:27.000 And thank you, Noble Gold, for sponsoring this episode.

01:04:33.000 Thank you, Mo.

01:04:34.000 And we're back.

01:04:35.000 We're back.

01:04:35.000 So let's get some of these chats answered.

01:04:38.000 Shout out to all you ninjas.

01:04:40.000 Hey guys, could you try and get Rana's PTV for Money Monday?

01:04:43.000 He shows people how to make $2,000 a week buying Uber and Lyft.

01:04:46.000 I think y'all could get along great.

01:04:49.000 That'd be dope. 0.98

01:04:50.000 Because we never had somebody that did Uber or Lyft.

01:04:51.000 Yeah, I don't know who that is, but...

01:04:53.000 I'll look him up.

01:04:53.000 You need to look him up, yeah.

01:04:55.000 No three or four today, just boys being boys.

01:04:58.000 Okay.

01:04:59.000 Boys being boys.

01:05:00.000 Fair enough.

01:05:02.000 Seattle General Anthony here.

01:05:05.000 Excited to announce that the Castle Club Roadman Trucking Group is now live.

01:05:09.000 In addition to our city chapters, this group is specifically designed for anyone involved in trucking, logistics, hotshot services, or pursuing a career in transportation.

01:05:16.000 If you're part of our local chapters, reach out to your city general and join the Telegram chat.

01:05:20.000 If you're not Yeah, I'm part of the Cals Club.

01:05:22.000 What are you waiting for?

01:05:23.000 And then boom.

01:05:24.000 Cals Club Roadman.

01:05:24.000 There you go, guys.

01:05:25.000 Look, they got the graphic and everything, man.

01:05:26.000 We're teaching guys how to make money out here, man.

01:05:28.000 Roadman.

01:05:29.000 I like that.

01:05:30.000 WCals Club, Alexia says, met up with a fellow Cals Club member.

01:05:33.000 Got the deluxe interior detail for his truck.

01:05:35.000 Chatted up for a bit.

01:05:36.000 It's a huge breath of fresh air to meet some more like-minded people.

01:05:40.000 It's awesome to the people who are thinking about joining, especially for like-minded people.

01:05:43.000 Joining is a must.

01:05:44.000 WCals Club Network and WFNF WCals Club.

01:05:46.000 Let's go.

01:05:46.000 There you go, man.

01:05:47.000 Guys are meeting, making money, doing business, deals, etc.

01:05:52.000 WFNF, by the way, sorry for not responding when it was my turn on Friday's call-in show.

01:05:55.000 I ended up dozing off.

01:05:56.000 It's a snooze of accident.

01:05:57.000 Your boy has been working as hard as he can at the new job.

01:06:00.000 Just wanted to let you know that I got approved for my second credit card today, Discover.

01:06:03.000 Good stuff to you.

01:06:04.000 I now got two credit cards, and it's all thanks to you guys for the Mondays and the value you guys bring.

01:06:09.000 WFNF, WCals Club.

01:06:10.000 Shout-out to you, Jalil.

01:06:10.000 Let's go, Jalil, bro.

01:06:11.000 Killing it. 1.00

01:06:12.000 What's good afternoon? 0.81

01:06:13.000 I've just joined Castle Club as a 19-year-old.

01:06:14.000 I'm trying to become better.

01:06:16.000 I'm only making 65k a year and I know I'm going to be doing better.

01:06:19.000 You got to change the mindset.

01:06:20.000 Appreciate y'all.

01:06:20.000 At 19?

01:06:21.000 That's pretty good, bro.

01:06:23.000 That's pretty good at 19.

01:06:24.000 So keep grinding, man.

01:06:24.000 Pick up another job if you can.

01:06:26.000 Time in the market beats timing the market.

01:06:27.000 The best time to invest was yesterday and the second best time to invest is today.

01:06:30.000 Waiting for the market rates to cool down is not really a solution.

01:06:33.000 As when it does, prices may increase due to demand and current owners will benefit from it as they can refinance.

01:06:38.000 WNF for the advice is absolutely nice to be very nicely, succinctly put up.

01:06:42.000 That's so true.

01:06:43.000 A bit of Ninja Watcher, but now I'm here.

01:06:45.000 Just so you guys know, by the way, we read the Castle Club chats and you're able to donate a fraction of what you need to donate to get your chat read.

01:06:51.000 So guys, join Castle Club, man.

01:06:53.000 Join the Castle Club Brotherhood so you can go ahead and, you know, we read those chats first.

01:06:58.000 You don't have to donate as much.

01:07:00.000 And you get involved in the community, man.

01:07:02.000 I think the biggest thing is you get priority, one.

01:07:05.000 But two, the brother you can't be, bro.

01:07:07.000 Like, people are like, you can't find anywhere.

01:07:09.000 But they're here in Castle Club for you.

01:07:11.000 So it's like, yo, why not join?

01:07:12.000 Yeah.

01:07:13.000 Actually, we got a Castle Club OG right now in here with us.

01:07:15.000 Jacob, shout out to him.

01:07:16.000 Jacob!

01:07:17.000 He won the raffle, actually.

01:07:19.000 I don't know if you want to make a camera, but...

01:07:20.000 He's here.

01:07:21.000 He said he's in.

01:07:23.000 He's chilling.

01:07:24.000 What else do we got here?

01:07:26.000 Been a Ninja Watcher, but now I'm here.

01:07:28.000 Could you guys talk about OR? Bring in someone who talks about the Section 8 real estate.

01:07:32.000 Thanks for fighting the fight.

01:07:33.000 We can.

01:07:34.000 I'm not a fan of it, but we could bring people in that do it.

01:07:36.000 I've done it before.

01:07:37.000 I actually do have a few Section 8 tenants myself, but I would avoid it if I could have.

01:07:42.000 Hey, I'm trying to join the...

01:07:43.000 Because when I bought the houses, some of them were already in place.

01:07:45.000 Okay, okay.

01:07:46.000 Hey, I'm trying to join the Telegram and the Discord now, but no idea.

01:07:49.000 Message Big Mo on Saturday, but still waiting for the join either or.

01:07:52.000 When are you going to do Zoom calls again?

01:07:53.000 Mo, go ahead.

01:07:54.000 Can you answer that?

01:07:55.000 I know that name.

01:07:57.000 Check your DM. I just messaged you today.

01:08:00.000 Neil Iman, there should be a chat with Dale Saint and Jocasta.

01:08:04.000 If not, then just keep bumping them up.

01:08:06.000 Yeah, I got you.

01:08:07.000 We'll have a Zoom call this week.

01:08:08.000 We had one last week, but we're going to have another one this week.

01:08:11.000 Yo, Ryan, how much money would I need to save up to move to Miami?

01:08:14.000 A lot, bro.

01:08:16.000 To get an apartment, you're going to need to move it to an apartment here in Miami?

01:08:20.000 You're gonna need like 10,000.

01:08:21.000 Listen, this is what you want.

01:08:23.000 Because they're gonna want first month, they're gonna want first, last, and a deposit.

01:08:26.000 I got them.

01:08:26.000 You want to be in Florida that bad?

01:08:28.000 This is what you do.

01:08:29.000 You get a studio...

01:08:31.000 Yeah, I am in this DM!...room.

01:08:33.000 You get there, see your room.

01:08:35.000 Mo messaged you back, bro. 1.00

01:08:36.000 Check your shit, man. 1.00

01:08:37.000 Bro, check your shit. 1.00

01:08:37.000 It's maybe 600 bucks. 1.00

01:08:39.000 400 to 600 bucks, you can pay to get a room.

01:08:42.000 Live in that room.

01:08:43.000 Work two jobs.

01:08:44.000 Work your ass off.

01:08:45.000 Where are they gonna find it, though? 0.97

01:08:46.000 Up north.

01:08:47.000 Pines, Miramar.

01:08:48.000 Oh, okay, okay.

01:08:49.000 At least you're in Florida, right?

01:08:50.000 Okay.

01:08:51.000 You can come down to Miami, just drive down.

01:08:52.000 It's a 30-minute drive, right?

01:08:54.000 Then, once you're doing those two jobs, saving money up, you have an actual base.

01:08:59.000 Then you get a better job, and you just move on from there.

01:09:01.000 But coming straight to Brickell to pay the high price is gonna be tough, bro.

01:09:05.000 I mean, if you got the money, I'd say easily 10 to 15k is gonna need.

01:09:09.000 Minimum.

01:09:10.000 Because they're gonna want first month, last month, they're gonna want pay stubs, they're gonna do a background check on you.

01:09:14.000 All the buildings here in Brickell, just so you know, do pretty strict background checks.

01:09:18.000 Especially now.

01:09:19.000 Actually, 15 to 20k.

01:09:21.000 Because you know why?

01:09:22.000 Why?

01:09:23.000 Cost of living.

01:09:25.000 Well, I'm just saying what he needs to get into the apartment and get keys.

01:09:28.000 That's all.

01:09:28.000 I'm saying 10 to 15.

01:09:29.000 Oh.

01:09:30.000 Just to get keys.

01:09:31.000 Oh.

01:09:32.000 I'm not talking about furniture or living expenses.

01:09:34.000 No, no, no.

01:09:35.000 I'm just talking about him being able to get it.

01:09:37.000 Yeah.

01:09:37.000 And also, if I was someone young coming to Florida first time...

01:09:40.000 What's the median rent here for one bedroom?

01:09:43.000 2K? No.

01:09:45.000 Yeah.

01:09:45.000 More.

01:09:46.000 25 to 3.

01:09:48.000 You know what?

01:09:49.000 For a one bedroom here.

01:09:49.000 I'm thinking like downtown Edgewater.

01:09:51.000 So yeah, Brickle itself.

01:09:52.000 You're going to need 25 to 3 is going to be a one bedroom here, a studio, even.

01:09:56.000 And also get it furnished.

01:09:58.000 You still have a lot of money doing that.

01:09:58.000 Yeah, I would say get it furnished.

01:09:59.000 Get it furnished, bro.

01:10:00.000 I'd say get it furnished, bro. 1.00

01:10:01.000 Fuck that. 1.00

01:10:02.000 To me, buying furniture nowadays is kind of like, bro, where are you going to put it, bro? 1.00

01:10:06.000 You're moving all the time.

01:10:07.000 You're renting.

01:10:08.000 It's annoying to move.

01:10:09.000 Yeah, hell yeah.

01:10:10.000 I always get furnished, too.

01:10:11.000 Buy TV that much, but that's the basics, bro.

01:10:13.000 Yeah.

01:10:14.000 That's it.

01:10:15.000 But yeah, you're gonna need...

01:10:17.000 And you're gonna show your income as well.

01:10:19.000 So, keep that in mind.

01:10:21.000 Durag Myron said...

01:10:23.000 Hello Akbar.

01:10:24.000 Habibi! 0.93

01:10:26.000 WFNF. Fresh updates, shout out to you.

01:10:29.000 Double D5000 says...

01:10:32.000 Nah, bro.

01:10:34.000 Bro, like...

01:10:35.000 Bro.

01:10:36.000 Weirdos, bro.

01:10:37.000 Haters are gonna hate, man.

01:10:39.000 Yep.

01:10:39.000 BZ Dan says, do my part.

01:10:41.000 When all you do is make content, talk a shit about other people, bro, like... 0.99

01:10:44.000 Yeah. 0.90

01:10:44.000 I deems I see a link of one of them... 0.90

01:10:46.000 Oh, I know.

01:10:48.000 No, no, no.

01:10:50.000 Fresh, we actually already talked about it.

01:10:51.000 Oh, we got it?

01:10:52.000 Me and Fresh was on it.

01:10:53.000 Oh, yeah.

01:10:53.000 Oh, people stealing Cows Club stuff?

01:10:55.000 Yeah, you guys are gonna lose your channels.

01:10:58.000 This is what's gonna happen.

01:10:59.000 Like, I don't know why people think it's a game.

01:11:01.000 Well, they'll find out.

01:11:03.000 Jacob!

01:11:04.000 Wait, Jacob!

01:11:05.000 Wait, hold on, Jacob!

01:11:08.000 Grimscore doesn't only reflect their ability to make money, but it also shows if they have their priorities and check shots, FNF's hospitality.

01:11:14.000 We got you, bro.

01:11:15.000 Happy to have you here, Jacob.

01:11:17.000 What's up, Mario?

01:11:18.000 28, working law enforcement.

01:11:19.000 I worked on my first property last month.

01:11:21.000 Looking to purchase another spring.

01:11:23.000 I want to thank UNFNF. Shout out to you, Easy Money Sniper.

01:11:25.000 Congratulations to you, by the way.

01:11:26.000 Shout out to our blue.

01:11:28.000 You should do a real estate episode where you go to Zillow to look at the housing market at every major state, cities, good place to buy, where to not buy, upcoming trends in the housing market, et cetera, so people get a visual representation.

01:11:39.000 Mark Q. You know what we could do?

01:11:41.000 You guys that are trying to buy houses in...

01:11:45.000 And Castle Club, we should go over the deal together on Castle Club.

01:11:48.000 Oh, we should actually.

01:11:49.000 Yeah.

01:11:50.000 That's a good idea.

01:11:50.000 For some of you guys.

01:11:51.000 And I could do the breakdown with y'all and tell you if it's a good deal or not.

01:11:54.000 Also, minor fresh, remember the guy at the app party that gifted you guys some shades?

01:11:57.000 That was my boy Julian.

01:11:59.000 Yes, we know.

01:11:59.000 Met him in person off of Castle Club in Dearborn from the second to last Zoom call and last show.

01:12:04.000 And he has been tremendous value and instant brother from day one since my move to Dearborn, Michigan.

01:12:07.000 Julian, if you are watching this, shout out to you.

01:12:09.000 Much love to you, bro. 1.00

01:12:10.000 And for all the brokies that talk shit about Castle Club, stay your parasitic asses over there. 1.00

01:12:13.000 Nothing but tremendous value and brotherhood. 1.00

01:12:15.000 Shout out to you, Jalil.

01:12:15.000 Shout out to you.

01:12:16.000 Yeah, you know, like, bro, like...

01:12:19.000 I'll tell you this.

01:12:19.000 This Cats Club situation made me realize how many people really are weird and just want to watch girls on OnlyFans.

01:12:29.000 Some of y'all are bitching about, oh, bro, you guys are over here putting a paywall, L paywall for the girls show. 1.00

01:12:36.000 And it's like, wait, the shows where we teach you guys how to make money are completely free and I don't see nobody bitching about that.

01:12:40.000 We put that behind a paywall.

01:12:41.000 Y'all wouldn't care.

01:12:42.000 Everyone that worked Money Mondays and applied it and is making money now isn't complaining.

01:12:49.000 People that just watched it and said, uh, or didn't watch it at all said, where's the girls at? 0.73

01:12:53.000 Where the hoes at? 1.00

01:12:54.000 Where you at now?

01:12:55.000 Sad and down.

01:12:56.000 So, you can stay over there, too.

01:12:58.000 It's fine. 1.00

01:12:59.000 Bro, fucking weird hoes, man. 1.00

01:13:01.000 Yeah. 1.00

01:13:01.000 I mean, if you really want hoes, bro, what should you do first? 1.00

01:13:06.000 Get the money.

01:13:07.000 Understanding.

01:13:08.000 And then apply it. 0.99

01:13:09.000 But if you want to get hoes now, being broke and dumb, then... 1.00

01:13:14.000 I mean, I can't help you, bro. 0.97

01:13:16.000 Can't help you at all.

01:13:17.000 And buying agricultural land of places like the African countries where there is no... 0.99

01:13:20.000 Nigga always has to bring it to random shit. 1.00

01:13:22.000 I'm not talking about Africa, bro. 1.00

01:13:23.000 Fuck, man. 1.00

01:13:24.000 Twist the name on, bro. 1.00

01:13:25.000 What's wrong with you, bro?

01:13:26.000 And the population is growing exponentially, and the land has been a very secure investment.

01:13:30.000 All right, bro, go invest in Africa. 0.95

01:13:31.000 I'm talking about the United States.

01:13:33.000 Niggas, but I'm going to Columbia. 0.99

01:13:34.000 Yeah, niggas always, like, bring up random shit. 1.00

01:13:36.000 Go ahead, dad, bro. 0.99

01:13:37.000 I don't know Columbia's market.

01:13:37.000 You still like Chipotle after they started messing with the portion sizes?

01:13:40.000 They didn't mess with a year.

01:13:42.000 Facts, fresh on the cars.

01:13:43.000 I got a 15-year BMW with less than 100k miles on it.

01:13:46.000 When my dad helped me to check it out, saw Prestige with the car with the girls and I didn't pay much for it.

01:13:52.000 I'm telling you, bro.

01:13:53.000 Listen, I love cars to an extent where we're like, you can't believe.

01:13:57.000 And I spent over...

01:13:58.000 So he's a W investing in mud huts. 0.98

01:14:01.000 Oh my god.

01:14:02.000 Hey man, Africa has a lot of rich wealth people as well.

01:14:06.000 So you'd be surprised.

01:14:08.000 Rich resources.

01:14:10.000 Yeah, as well.

01:14:10.000 Yeah.

01:14:11.000 But yeah, cars, man, is a love of mine, but it's expensive.

01:14:14.000 Nobody says, why does Jacob look like he should be in handcuffs going back to the southern border?

01:14:19.000 Oh my God. 1.00

01:14:20.000 What the fuck? 1.00

01:14:20.000 He can see you? 1.00

01:14:21.000 He can see you, bro? 0.99

01:14:23.000 Brace yourself, nigga. 1.00

01:14:24.000 I'm calling ICE on you right to Myron's place. 0.99

01:14:26.000 The whole thing was set up to deport you.

01:14:29.000 Remember the Castle Club, everyone knows each other.

01:14:32.000 Yeah, yeah, yeah.

01:14:33.000 They know Jacob.

01:14:34.000 After the ad read, there's a new member of the Speech Empediment Committee, Big Mo.

01:14:37.000 Let's get it together.

01:14:38.000 I was nervous.

01:14:39.000 That was my fault.

01:14:39.000 It was my fault.

01:14:41.000 It was good, gents.

01:14:42.000 Are you aware of the new FTC rule banning most non-competent agreements is not scheduled to go into effect until September 4th, 2024?

01:14:48.000 No. 0.98

01:14:49.000 Damn. 1.00

01:14:50.000 Hey, minor fresh. 0.99

01:14:51.000 I love you guys.

01:14:52.000 No homo. 1.00

01:14:52.000 Any chance that you can bring programmers or people that know how to handle social media pages, chatbots, or how to make professional websites? 1.00

01:14:58.000 Damn. 0.89

01:14:59.000 That's a pretty good idea. 0.99

01:15:00.000 We could.

01:15:01.000 Mallowboy.

01:15:02.000 Anybody else?

01:15:04.000 Is it?

01:15:04.000 FNF. Oh, okay.

01:15:06.000 You guys get your questions in and then we're going to close this thing out.

01:15:09.000 And I love answering these questions with you guys.

01:15:12.000 Nav.

01:15:13.000 Nav says, Myron, what's your average X screen time?

01:15:16.000 Just curious.

01:15:17.000 Let me see here.

01:15:18.000 Oh, that's scary, bro.

01:15:19.000 How do you even check it?

01:15:20.000 25 hours a day.

01:15:21.000 Yo, bro, I kid you not.

01:15:23.000 26 hours a day.

01:15:24.000 Yo, Mo, Bill's, Noble.

01:15:25.000 He went from...

01:15:26.000 I don't even know how to check it.

01:15:27.000 Overwatch...

01:15:28.000 To X. To X time.

01:15:30.000 I guarantee you it's even more. 1.00

01:15:32.000 Because it's less stressful, and you can just talk your shit on there all day, bro. 0.99

01:15:38.000 I don't even know how to check your screen time. 0.99

01:15:40.000 I don't even check your screen time.

01:15:42.000 Actually, I saw my screen time.

01:15:45.000 Here it is.

01:15:46.000 It's over 9,000!

01:15:49.000 It's a lot.

01:15:50.000 It's a lot.

01:15:50.000 I can't imagine.

01:15:52.000 Red eyes, nigga, dragon. 1.00

01:15:53.000 You guys are funny. 0.51

01:15:54.000 Bro, I slept twice and Myron was still on the same space, bro.

01:15:58.000 Yo, I pop in anonymously sometimes, and I'm like, you think you're still talking?

01:16:03.000 I'm out of here, man.

01:16:04.000 Sometimes, I'll be honest with you, a lot of times I just host it.

01:16:07.000 So for example, they were doing a space yesterday, and Destiny was in there, and they were debating certain things, extradition, for a certain nation state, if you guys know what I'm talking about.

01:16:16.000 So I was like, you know what, I'm not going to ruin this conversation, I'll let y'all talk, and I just literally streamed FedReacts.

01:16:21.000 While you listen to it?

01:16:23.000 No, I didn't listen to it.

01:16:23.000 I just put my phone on the side, let them do it.

01:16:26.000 While playing sound voice?

01:16:27.000 Because if I end the space, then they can't talk.

01:16:31.000 So I was just sitting there.

01:16:32.000 I mute my mic and I just let it sit there.

01:16:33.000 I put my phone away and I'm streaming.

01:16:35.000 So I do that a lot where I'll host a space and I won't even be there for a long time of it.

01:16:41.000 And they'll just be in there talking.

01:16:43.000 Okay.

01:16:44.000 So, whatever.

01:16:47.000 Red Eyes, Naked Dragon.

01:16:48.000 Imagine how much housing prices would go down if these corporations realized that we don't need offices working and renovated all the offices into residential units.

01:16:56.000 Also, when is Sneak Odia, the lazy one, coming on Monday news show?

01:17:03.000 Oh, they're calling Sneako the lazy one?

01:17:06.000 Sneak Odia. 0.89

01:17:07.000 Sneak Odia. 0.89

01:17:07.000 How's he the lazy one, bro? 0.89

01:17:08.000 He's been streaming a lot, right?

01:17:10.000 Yeah, he's been streaming.

01:17:12.000 He's been traveling.

01:17:13.000 Traveling all over the world, bro.

01:17:15.000 All over Europe in his head.

01:17:16.000 Yeah, bro.

01:17:17.000 Yeah.

01:17:18.000 I'm making 70k a year.

01:17:20.000 I'm 23 with 750 credit score.

01:17:21.000 Should I save up 20 or 30% before buying my first house?

01:17:25.000 Neither, bro.

01:17:26.000 Just go ahead and get in there on FHA if you can.

01:17:29.000 3%, bro.

01:17:30.000 Unless you really want to put 20-30% down and have more equity, but that's up to you.

01:17:34.000 Exception to the rules.

01:17:35.000 I'm letting Cash Club members copy my Forex account for free just to pay the copier service because I don't want access to anyone's money or passwords.

01:17:42.000 I make 5% a week on balance.

01:17:44.000 Entry-level passive income if you're printing money.

01:17:46.000 Trading-wise, sell courses.

01:17:48.000 Alright.

01:17:48.000 That's nice of you, bro.

01:17:49.000 That's real nice of you, man. 1.00

01:17:50.000 Shit, okay. 0.99

01:17:51.000 Cartier J. He's letting them copy his trades just so they can make money. 0.99

01:17:54.000 There you go.

01:17:54.000 And the Cals Club.

01:17:55.000 Shout out to you, bro.

01:17:56.000 Yeah, that's hard.

01:17:57.000 Hey, bros.

01:17:57.000 Love the content.

01:17:58.000 Quick question, though.

01:17:59.000 I have almost 10K saved up, 3K business saved, and 753 experience...

01:18:06.000 Oh, sorry.

01:18:07.000 Equifax and Experian credit score.

01:18:10.000 Looking to buy my first home, FHA. Multifamily in South Florida.

01:18:14.000 Close to Miami this year.

01:18:15.000 Any major tips to get a good deal?

01:18:16.000 You're a 10K. You don't got shit, bro. 1.00

01:18:17.000 For a multifamily in South Florida, you need way more than that. 1.00

01:18:22.000 Way more than that, bro.

01:18:23.000 I would say get $20,000 to $30,000 minimum.

01:18:25.000 He's going to need more than that.

01:18:26.000 He wants a multifamily.

01:18:27.000 That means this is going to cost him at least...

01:18:29.000 Multi?

01:18:31.000 Bro, put it this way.

01:18:32.000 I bought a duplex two years ago.

01:18:33.000 Just to put things in perspective.

01:18:34.000 I bought a duplex two years ago in Miami for $800,000.

01:18:40.000 Yeah. 0.99

01:18:41.000 Goddamn. 1.00

01:18:42.000 Goddamn. 1.00

01:18:43.000 I mean... 0.99

01:18:43.000 Location. 0.99

01:18:45.000 Three-bedroom, three-bath each side, of course, so it was a good deal.

01:18:48.000 Okay.

01:18:48.000 But, you're gonna need 500k.

01:18:51.000 Bare minimum.

01:18:53.000 How much are you gonna say that?

01:18:54.000 No, I said 500k.

01:18:55.000 I said it's gonna cost you 500k.

01:18:57.000 How much should he have built up then?

01:18:59.000 If he's gonna live in it, he can only put 3.5% down.

01:19:02.000 I'll say have 50.

01:19:04.000 Okay.

01:19:05.000 Have 50.

01:19:06.000 If you're gonna put the 3.5% down.

01:19:10.000 Because you're going to need to, you're probably going to have to go in there and fix it.

01:19:13.000 See, I'm thinking about when I bought property, so you're right.

01:19:15.000 That was three years ago.

01:19:17.000 So, yeah, you're right, actually.

01:19:18.000 Yeah. 0.99

01:19:19.000 Damn. 1.00

01:19:20.000 Okay, that's it. 0.99

01:19:20.000 Hold on, now we got one last ad from Mo. 0.99

01:19:23.000 All right.

01:19:24.000 Yes, sir.

01:19:25.000 Message from a sponsor, get your chats in, guys, and we'll close this out.

01:19:29.000 All right.

01:19:33.000 This episode is sponsored by the Kids Guide.

01:19:37.000 I have an important message about President Trump for all the parents out there.

01:19:42.000 So please listen up.

01:19:43.000 President Trump said he wants to take back America and teach our kids to love our country.

01:19:50.000 That's why it's so important that we make sure our kids are learning the truth about President Trump.

01:19:56.000 Not the distorted lies they're hearing in the mainstream media.

01:20:00.000 You are fake news.

01:20:02.000 But the good news is that Mike Huckabee's team put together We put together the Kids Guide to President Trump and right now you can get it for free with fun illustrations and easy to follow content.

01:20:16.000 This important guide teaches kids all about President Trump's accomplishments during his first term and it helps kids understand his goals for 2024.

01:20:26.000 Mike Huggaby wants to see you to get this free guide so that you can teach your kids the truth.

01:20:32.000 But please hurry because supplies are limited.

01:20:36.000 So to claim your free Kids Guide to President Trump right now, just visit kidstrumpguide.com.

01:20:43.000 That is kidstrumpguide.com.

01:20:48.000 And thank you to the Kids Guide for sponsoring this episode.

01:20:55.000 W Trump, man.

01:20:56.000 Vote Trump, guys.

01:20:57.000 Facts.

01:20:58.000 Anything else?

01:20:59.000 That is it.

01:21:00.000 All right, guys.

01:21:00.000 It's 937.

01:21:01.000 We're going to reset up and we're going to do FNF News.

01:21:03.000 We're going to cover a bunch of different stories that are trending.

01:21:06.000 I hope you guys learned something today as far as the markets go.

01:21:10.000 Takeaways is this, guys.

01:21:11.000 Don't get scared of real estate, even though interest rates are high right now.

01:21:13.000 Buy now.

01:21:14.000 Still buy.

01:21:15.000 Find off-market deals.

01:21:16.000 If you have the cash and capital to buy cash, go ahead and do that.

01:21:22.000 The other thing you can do, guys, with high rates like this is do homeowner financing.

01:21:29.000 Basically where the person that's selling you the house becomes a bank.

01:21:33.000 Owner financing.

01:21:34.000 That's another way to get around these banks.

01:21:36.000 They can give you a better interest rate.

01:21:37.000 And then you can buy the house from them at what they want, at the rate that they want, or the price point that they want, because they're financing it to you.

01:21:44.000 So that's another thing that you can do.

01:21:46.000 So don't be scared, guys. 1.00

01:21:47.000 Get into real estate because they're putting these stupid-ass articles out there, but BlackRock is still buying. 0.99

01:21:51.000 So you got to do what BlackRock is doing. 0.99

01:21:52.000 They're one of the best investment companies.

01:21:54.000 They are for a reason.

01:21:55.000 They're buying single-family homes.

01:21:57.000 Next, don't buy a car.

01:21:59.000 What else?

01:22:00.000 We have one more chat here.

01:22:02.000 Another chat came in?

01:22:03.000 Oh, okay.

01:22:05.000 Got you.

01:22:06.000 Castle Club.

01:22:07.000 Castle Club members.

01:22:08.000 Okay.

01:22:08.000 A bunch.

01:22:09.000 What else did I miss?

01:22:10.000 Okay.

01:22:12.000 Oh.

01:22:13.000 Oh.

01:22:14.000 Yeah, we're caught up.

01:22:17.000 Yeah, we're caught up.

01:22:18.000 Hold on.

01:22:19.000 You know what?

01:22:20.000 We forgot to mention as well.

01:22:22.000 Guys, if you send in like a $1 Super Chat on Cast Club, we'll show it right on screen.

01:22:27.000 But sometimes we might not read it because it's just a dollar.

01:22:30.000 Kamala's policy.

01:22:32.000 On the Kamala's policy, it's cap.

01:22:34.000 Yes, cap.

01:22:35.000 Don't fall for it, guys.

01:22:37.000 Yeah, so these are some of the chats that came on before.

01:22:40.000 So, um...

01:22:42.000 Hey, hey, don't read that one now.

01:22:45.000 We're not reading the dollars.

01:22:46.000 We're not reading the dollars, Mo.

01:22:48.000 I mean, mine.

01:22:49.000 Yeah, these are all for a dollar?

01:22:51.000 Yes.

01:22:51.000 Okay.

01:22:52.000 Sort of top shit, man. 1.00

01:22:53.000 This one's ten. 0.99

01:22:54.000 You can read this one.

01:22:55.000 Okay.

01:22:55.000 Icy side tooth.

01:22:56.000 This one's ten.

01:22:56.000 I'll read it real quick.

01:22:57.000 Mario Jacob looking to steal all the tortillas out your fridge.

01:22:59.000 Keep your eyes on that sticky Casabira fingered beaner. 1.00

01:23:02.000 Okay. 0.97

01:23:02.000 What the heck? 0.97

01:23:03.000 That's fucked up, icy side tooth. 1.00

01:23:05.000 Goddamn! 1.00

01:23:07.000 Yeah, guys. 0.98

01:23:08.000 We'll...

01:23:10.000 Definitely, like I said before, we'll show them on screen, right?

01:23:13.000 But if you guys want your chats read, what's the minimum?

01:23:16.000 To have it read on air every time.

01:23:17.000 It was always different.

01:23:18.000 Sometimes I'll make a deal with you guys if you really want.

01:23:21.000 But the best...

01:23:23.000 Five bucks.

01:23:24.000 We'll read on air.

01:23:24.000 Ten dollars is the most guaranteed.

01:23:26.000 Yeah.

01:23:26.000 Okay.

01:23:27.000 Yeah.

01:23:27.000 Ten bucks, no matter what, is going to get read.

01:23:29.000 Five bucks, guys, is going to get read.

01:23:32.000 But ten is guaranteed.

01:23:33.000 Five, it will more, like, 90% be read depending on how many people are watching.

01:23:37.000 And then one dollar, like, we'll show it on screen and stuff like that.

01:23:39.000 But, you know...

01:23:39.000 I constantly, if you're in the locals chat, the Castle Club chat, I constantly give you guys reminders.

01:23:45.000 You guys know too!

01:23:46.000 You guys be knowing!

01:23:47.000 And we try to actually read the $1 ones.

01:23:50.000 You guys can see we read the $1 ones that came in early.

01:23:53.000 So you guys want to send $1 chats?

01:23:54.000 Make sure you read them early.

01:23:55.000 The problem is time.

01:23:56.000 Because it's 9.40.

01:23:56.000 We got it.

01:23:56.000 Yeah, guys.

01:23:57.000 We literally got it set up for the next show.

01:23:58.000 So it's 9.40 right now.

01:24:00.000 So we're going to go ahead and end this and then reset up for the stuff because we're going to get with Noble.

01:24:03.000 Make sure we got the news stories ready to go and set everything up.

01:24:05.000 Love you guys.

01:24:06.000 We'll be back in about 20, 30 minutes.

01:24:07.000 Peace.

01:24:10.000 I'm far away I just run I run for night and day

Fresh & Fit - August 19, 2024

Why Millennials Are Wealthier Now Than Their Parents Were

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