Playing to Win - 011 - Aaron Clarey

00:00:00.000 get her going get her going welcome live episode 11 playing the win series joined

00:00:05.460 by my good friend aaron cleary welcome aaron hello hello people how are you today

00:00:11.080 you know a lot of people complained the other day because i had a guest on it before the train wreck

00:00:16.280 that was afraid to have an opinion apparently was what i saw in the comments and today we have

00:00:20.160 a man that has no fear of voicing an opinion who'd you have on that didn't have an opinion

00:00:26.460 uh sean had uh brought on a divorce mediator and uh you know he you know he brought some

00:00:32.520 interesting knowledge to the table but he was just um too in the middle he didn't he didn't want to

00:00:38.600 lean in any direction which is fine but uh yeah sometimes it's hard to have people to voice their

00:00:43.380 opinion now everybody's too afraid as a mediator shouldn't that be his nature to be cut in the

00:00:50.200 middle and understand yeah yeah you know but yeah some some clarifying questions on some topics and

00:00:55.980 you're looking for some clarity but it doesn't always come your way unfortunately no i don't

00:01:00.400 know you ever do these live shows with uh guests i mean you did the one with me and terrence terrence

00:01:04.960 i i would love to but of all people you know there's only 24 hours a day some have to be spent sleeping

00:01:11.720 and i was finishing writing that book you're writing your book we i don't wait when's taxis you guys have

00:01:17.480 taxes on april 15th or is that different when you got to file your taxes uh i think we got pushed

00:01:21.800 back to august but uh you have to make your retirement contribution by is it february no

00:01:29.320 it's march 1st i think it was and uh i think taxes for me were are are due in april but they pushed us

00:01:35.200 back to august so the good old canadian government gave us a little bit of a break so yeah it's the

00:01:41.060 same thing springtime your taxes are due and it's just there's not enough time i would love to have

00:01:45.940 you know a new guest on every every day uh but it's just that your schedule's got to match up and

00:01:51.700 and the other thing uh i am amazed i have to compliment you though this is i have i was just

00:01:57.080 when you first asked me to come on the show this was like six and a half years ago you said what are

00:02:02.440 you doing march 15th whenever we originally set out to have this be done at 8 15 p.m eastern south i don't

00:02:11.180 know what i'm doing tomorrow there rich and i was just very impressed it wasn't that long but i think

00:02:16.140 it was at least two or three months ahead of schedule like dude how do you how much do you

00:02:20.780 have planned out well i well i try to line my guests up so i don't have to skip a week you know

00:02:26.600 because it's because it's an every other week show and i try to get into the routine of doing it on a

00:02:30.180 schedule because everybody kept telling me when i started to kick off with youtube that you need to

00:02:34.900 be consistent with your delivery and around the same time especially if you do a regular show

00:02:39.420 um so i always try to like line up my guests week after week after week sort of thing so i think you

00:02:44.940 were like three weeks out or something around the time it actually had to bump you i had to bump you

00:02:48.580 because there's somebody had to pull in which is kind of important for a certain broadcast but

00:02:51.720 you and i are cool that way but yeah yeah i just it one of the things i like about this career if

00:02:57.900 you can call what we have here a career call it a career this this profession this this thing that

00:03:03.840 shat itself out of the sky like yeah i'll do this sure it's my calling whatever god

00:03:08.880 right i hear you talking to me um i mean you can play it how you're you're much more professional

00:03:14.140 about me but one thing i love is i don't have to be at the office at 8 a.m sharp for the 8 15 you know

00:03:21.500 loan committee meeting it's just like yeah you know and i will call so hey you want to come on like yeah

00:03:27.220 i got nothing going on and so that it's much more carefree so i don't have the the consistency or

00:03:33.240 you know you know tune in same bad time same bad channel i don't do it and and oh i'm sure it cost

00:03:38.640 me something but i i like that freedom and i feel like doing now you know it's like yeah let's do

00:03:44.780 this that's that's a different kind of playing to win model that i that i wanted to kick this uh

00:03:50.180 kick this conversation off with you because that's really what i'm trying to aim to do with these

00:03:53.940 shows let's let's have some conversations about chasing excellence and everybody has their own

00:03:58.480 version of what that looks like and i know you've got yours you know you're an author you're a you're

00:04:03.260 the only belly dancing ballet singing rock climbing uh rocketeering uh yeah i can't wait to take you

00:04:12.760 for a hike when you come to vegas i can't wait we'll go for a hike oh i'll go i'll go man i got

00:04:19.180 some legs on me don't worry you're gonna have to try to keep up with your short little legs my 1.00

00:04:22.800 friend it'll be like a wiener dog and a german shepherd hiking yes i'll be taking three steps to your

00:04:28.200 one yes let's do it um yeah so so i kind of kick these off with um you know the question so

00:04:34.300 what is your version of playing to win look like in your life because i see two distinct areas how

00:04:40.040 men can play and you know you can either play to win or you can play not to lose and they sound

00:04:43.780 similar but they're very different what does what does playing to win look like for aaron cleary

00:04:49.060 uh i don't know if it would fit neatly in your dichotomy and i don't qualify for either yeah what i i sat

00:04:57.340 down one time and figured out what is at least in terms of economics what the the goal of every

00:05:04.840 individual or not necessarily every individual but at least for me and what other people would be

00:05:08.580 and that is you want to spend the maximum amount of your uh life doing what you want a certain amount

00:05:18.300 has to go into you know food clothing shelter you have to work you have to support yourself um you

00:05:23.520 gotta get to go get some training you gotta get some hustle you gotta make investments but you know

00:05:28.940 and and not everyone you know if you're born into wealth okay cool if as long as you learn some

00:05:34.000 financial management you don't have to work period but i think that's that was the main thing for me

00:05:38.440 was freedom because we didn't have money growing up uh we were excited to go to kmart or target you know

00:05:45.080 i was because we got to leave the house and that formula was like i don't want to answer to anyone

00:05:49.660 i don't want to you know working uh in banking why i couldn't stand it and i was like no i am sick and

00:05:56.100 tired of watching all my my friends go to disney world when i was a kid or they come back with the

00:06:01.480 latest atari 2600 game not that it was materialism but they just could do what they wanted and and

00:06:07.420 that's kind of and try as i might i originally tried to go the route making money through banking

00:06:12.800 that's what initially gravitated me towards finance and economics like well that makes sense i want to

00:06:17.580 make money so i don't have to work i can have fun for the rest of my life uh which ironically didn't

00:06:24.120 result in in a great career or job but uh it it did teach me about finance economics minimalism

00:06:30.400 budgeting and sent me down a quickly learned path as to how to attain that achieve it through

00:06:36.200 entrepreneurship minimalism stuff like that so philosophically um winning in me to me is i'm

00:06:44.320 answering to no one i generate multiple streams of income through uh diversify not a ton of clients

00:06:52.780 but but enough that and i don't lose my main customer and the factory goes out of business

00:06:57.200 and then i'm doing what i want for the maximum amount that it was theoretically or possible for

00:07:04.320 someone from your situation uh to to spend their life so that that's pretty much it's it's the i'm not

00:07:09.500 necessarily the money uh but the time that's really what's important to me like so when i wake up

00:07:14.420 yeah i gotta do my chores and yeah i gotta do this but you know the 10 of the 16 hour waking days is

00:07:22.200 doing what i want to do so that's are you are you in vegas right now are you up north no no i'm in

00:07:26.660 minneapolis okay um i don't think i ever asked you but why did you why did you leave banking like

00:07:32.200 what happened uh it was the financial crisis the build up to it uh what i right before i left

00:07:38.920 what's that 2007 8 2006 okay um because my first book i published in early 2007 which one was that

00:07:48.920 uh behind the housing crisis or behind the housing crash and that i published the day lehman brothers

00:07:55.640 filed for bankruptcy so i knew this was coming and was writing it up to the build-up um and my job

00:08:02.080 back then was a credit analyst and i would underwrite and analyze the loans and these loans were

00:08:07.080 were garbage they were just garbage and so i take the numbers i'm like this is i don't know if any

00:08:13.200 of you have seen the uh uh the the big short the kind of the numbers guy there that was played by um 0.96

00:08:19.200 the guy who played batman i forget his name but whatever i was the numbers guy man there's always

00:08:24.160 a new one every year well christian bale christian bale's character he played some phd in math

00:08:29.420 or something like that he he was crunching the numbers on the investments i was crunching numbers

00:08:33.280 on loans i was like these are not going to get paid back and that ran me right in uh heads with

00:08:41.220 the uh management of the different banks i worked at and it basically got to the point where they'd

00:08:47.380 want me to fabricate figures which by the way is illegal um just so that you could get the ratios

00:08:52.660 are they well let's take his last year's tax returns like no no no we could we get this year's

00:08:57.280 tax returns uh so that that's why and i couldn't do it anymore because it was impossible they say

00:09:02.300 analyze this loan and it's math it's it's not an opinion piece it's math and i'd analyze the loan

00:09:08.480 and then i'd write up the report like i don't know if you did this correctly it's like yeah i i've done

00:09:12.720 this for quite some time i did it correctly well you're not a team player and just oh so it and then

00:09:17.240 have i remember i just quit i couldn't take it anymore and then uh sure enough the crash happened

00:09:21.640 and and that's coincidentally how i'm here because that was the first that is what prompted me to

00:09:26.420 write the book kind of sent me down this alternative career path uh but that's why i got out of banking

00:09:31.620 it's just i couldn't i couldn't lie that was what it boiled down to i couldn't just like start making

00:09:36.340 up numbers uh putting them in reports when did you write bachelor pad economics because that was

00:09:42.460 my first introduction to the manosphere this this this gay night plug that is now the called the

00:09:49.860 manosphere i got uh when was the birth of 2013 2013 is that the only one that you've uh committed to

00:10:00.620 audible no most of mine are on audible but the only one that isn't is the black man's got out of poverty

00:10:06.880 uh because it just isn't the volume of sales to warrant making the money back and then also my

00:10:13.180 i've got enjoy the decline curse of the high iq poor richard's retirement

00:10:18.160 richard cooper poor richard's retirement is this a book it was benjamin franklin uh poor richard's

00:10:25.820 almanac that's why benjamin franklin's picture is on he was bald too though okay well it's a handsome

00:10:31.480 look i'm not too sure about the fluff or the scraps he's holding on to on the side and you got

00:10:35.860 worthless so i've i've read batch bachelor pad economics sorry i listened to it so which one

00:10:41.980 should i grab next off this list what's your recommendation for you yeah um because you're

00:10:46.860 so versed in the red pill i don't think there's much that would you wouldn't know but i would

00:10:53.240 take a curse of the high iq i think that would be one uh a little bit different a little bit out of

00:10:58.820 the standard genre you're looking for but still credits here so i might as well throw a credit at

00:11:04.200 this you know we'll have a listen there's nothing to do with this corona covid stuff going on now

00:11:08.360 anyway uh i should probably finish writing my book rather than listening to yours though right

00:11:14.000 yeah probably should because it generates income once you get that done man it's a it's a it's a

00:11:20.560 perpetually generating uh asset it's a it pays a little bit of a dividend every month especially

00:11:25.900 with your following i wrote a couple books like seven years ago on on debt and i don't know it it

00:11:33.260 throws like 20 to 40 bucks a month at me it's not much i don't know uh like i'm not doing this for

00:11:41.000 the money i mean if it makes money great but i just kind of wanted to still all the ideas in one place

00:11:44.840 so so it's at least a piece of paper or stack of papers people can have you know if i get blown up

00:11:50.180 tomorrow i get taken out by a covid19-1731 belly dancing squad of zombies you never know what's

00:11:58.080 gonna happen out there man no no um there's a super chat here let's just throw it up quick and

00:12:04.760 acknowledge uh kid max's read aaron's new book great book what's your newest book uh well it's

00:12:10.500 it's technically not my book i wrote the original version of it and it's about 90 percent originally

00:12:15.760 mine but then i sold it to a guy called vince barrack oh the he edited it made changes put his own kind

00:12:20.940 a little spin on it i've read through the new version it's and for those of you who want to

00:12:25.600 read cappy it's it's me cappy 101 yeah cappy well this is advanced cappy this is dark and that's one

00:12:32.780 of the reasons i sold it is this is the darkest thing i've ever written because what i was forced

00:12:37.180 to conclude was just just horrible it's just horrible yeah i mean it's like looking into the

00:12:44.400 abyss i'm like oh and it's also so scathing and so accurate and it cuts so precisely i think the

00:12:51.140 exact people it needs to that i was forecasting a backlash and um i was kind of like i like well we

00:12:57.240 kind of talked about this a little bit but i like i like having my uh the life i got i don't i don't

00:13:02.880 need to be on fox news or anything like that uh thankfully that backlash hasn't came it's it's it's

00:13:07.840 selling all right uh yeah but the the the new book is called how not to become a millennial

00:13:12.560 um and that's exactly what it is we have a we have something that's very instructional in front

00:13:18.320 of us an entire generation that failed and it just pulls the lessons to learn uh from those mistakes

00:13:24.420 that we made as a society and as a as a generation but um that's who it's under vince barrack if you're

00:13:31.680 a gen z-er that's that's originally for it's who it's for because they have a future um and it's also a

00:13:38.520 a big uh criticism uh there it is there if you guys want to grab it big editorial on uh on society

00:13:46.800 if you liked any of my other books i mean you'll like this too but i it's uh it's i'll just want you

00:13:53.600 read one chapter at a time don't don't read it at night don't read it when it's cloudy out

00:13:58.240 don't read it after you're depressed you know go for a run get the endorphins going then read one

00:14:03.440 chapter but it's it's again the darkest thing i've ever written um msp what is that minneapolis

00:14:10.440 saint paul oh got it okay so you're in the same area as amos yep um all right let's pull that down

00:14:16.780 thanks for the super chat guys appreciate them uh oh you have a ask here on u.s election predictions

00:14:22.540 what do you think's happening this fall i mean you got looks like sleepy joe biden is yeah the guy's

00:14:27.680 nickname like he's the guy that trump's gonna run up against yeah i don't know um the guy doesn't even

00:14:32.900 look like he knows where he's at half the time when he's talking you know that's really the best

00:14:36.940 they can do no it's not the best i i the democrat party it shows you they're corrupt because you know

00:14:45.340 in the irony their name is democrat meaning everyone should have a vote well except they're the ones with

00:14:49.700 superdelegates within their party and bernie should have won the nomination the last time it looks like

00:14:56.280 joe's gonna win it this time but the democrat party this time they had not the people i'd agree

00:15:02.760 with politically but they had some people that i think could have beat trump like tulsi gabbard

00:15:06.860 uh pete buttrig or booter egg uh i wasn't but these were younger non-establishment candidates now we

00:15:14.460 got two guys over 80 who's been in the democrat party before either of us were born i mean these guys

00:15:19.540 were politicians before we were born and now i think trump will probably win it no guarantee but um

00:15:26.660 biden just he you know everybody on the other uh other team wants oh look he's lost it but no he

00:15:33.080 sums off man i i don't i think trump is going to chew him up and spit him out yeah he's i don't know

00:15:39.500 man i've i've watched a couple of short clips and sound bites and granted you know they only chop up

00:15:45.080 like the worst of what he's got to say but it's not very impressive i mean even even justin trudeau does

00:15:50.540 better as a speaker than that guy i gotta be honest no well i'm i'm not for like oh you're old you can't

00:15:56.180 run but you gotta be healthy well you gotta know where you are at least yeah yeah you can't be

00:16:04.080 smelling people's hair all the time i mean i and and even though trump is old i think because he's got a

00:16:11.880 hot relatively young wife that keeps him young and fresh and he's happy to get up in the morning

00:16:17.300 because he's got this babe on his arm and you know people can hate on a lot melania all they want

00:16:23.100 but it's like you know that kind of gives a guy a muse it gets him up in the morning and you know i

00:16:28.680 think his his synapses are firing a little bit better because the guy's got a little testosterone

00:16:33.340 in him but you know biden gee i'm burning oh they should they should honestly run testosterone tests on

00:16:40.640 these leaders if you don't have acceptable levels you can't run for office here you know you got to go

00:16:45.020 back to the gym or something and start doing some deadlifts what would finland do they'd have no one

00:16:49.660 yeah well there you go they'd only have a parliament that's all they'd have there you go

00:16:53.380 there's your prerequisite right there it deals with that real quick uh somebody said they plan on

00:16:58.440 putting hillary and michelle obama in place of biden bernie i don't know what the hell's going on

00:17:03.940 with that but it's you guys are in a bit of a mess right now yeah i think he'll he'll probably

00:17:08.820 choose a younger running mate uh i don't know how you could choose an older running mate but

00:17:13.220 he'll find a younger i presume female or minority something to obviously get that vote um but i mean 0.89

00:17:20.720 if he's smart i think he'd go with tulsi gabbard or somebody that was born after world war ii

00:17:27.060 i mean anyone it's just it's just not even politics it's like we just go away like what's that maybe

00:17:35.960 ask for somebody that was born after the korean war yeah could you could you get someone just

00:17:40.440 just just anyone under 50 i just anybody

00:17:43.620 oh god um so what's your take on covid 19 coronavirus what's what's the captain capitalism

00:17:52.580 uh theory on what's going on right now here with this i want to hear your well the the the problem

00:17:59.700 is and and as well as you know you can't know what to trust anymore this is anything uh a a damning

00:18:06.920 testimony against government and media because they've been fanaticizing and making everything

00:18:13.700 clickbait for so long you don't know what's real what's not anymore and so what i do is i go by the

00:18:19.660 numbers and even then you don't know uh the numbers i mean i know this is going to sound very harsh and

00:18:24.780 callous but this is me it really does seem to be affecting only old people um based on my age group

00:18:31.900 there's a 0.6 chance that if i get it i'll die 0.6 six tenths of one percent uh every chart is going

00:18:40.360 like this so it could be spreading and you know the the numbers are the numbers and uh you know uh

00:18:45.380 i i don't doubt those and i think the is it the cdc maybe it's the world health organization has some

00:18:51.800 really good graphics updated charts and data so i go there because am i right this is about as

00:18:56.120 authoritative as it gets but unless i start seeing some bodies in the streets and ambulances going

00:19:02.140 down and helicopters in the sky i think we've blown this way out of proportion um again i'm not i'm not

00:19:09.660 at a hospital i don't know what's going on but as the numbers are starting to come in i'm like okay is

00:19:14.200 this really just a bad flu and uh but that doesn't correspond to what i see with government shutting

00:19:21.420 everything down and i i'd like to have faith in the government say wow they know something better

00:19:25.900 than me but all the data i keep seeing doesn't indicate that this is anything worse than a flu

00:19:31.840 uh so i'm i'm playing it easy i don't you know i don't have a choice i can't go to the gym i can't

00:19:37.280 go to restaurants everything's closed are you laying low right now like you're quarantining yourself

00:19:41.500 yeah yeah i do but gosh you gotta get out so i went and hung out with the nieces don't care oh the 0.73

00:19:48.360 little kids are carriers they're practically little zombies that'll kill you if you look at them 1.00

00:19:52.460 don't don't care i want to say hi to my nieces and uh use them as weights because you can't go to 1.00

00:19:57.340 the gym um i i'll get food uh at the gro at the grocery store restaurants uh but you you can only

00:20:05.400 get to go um and uh you know trying to like eat the food now not going to my reserves in case oh wow it

00:20:13.000 really is bad but i'm not losing sleep over it um time will tell i bought a lot of stock

00:20:19.720 i i bought a lot of stock that's what i had oh you're buying already oh yeah i bought i uh rich

00:20:25.860 i i should have been more patient oh let's talk about that because every once in a while like

00:20:30.240 every every couple hours and getting a message from somebody going talk about stocks you know

00:20:34.240 what do you think's a good buy and the funny thing is when you talk about it somebody's like

00:20:37.120 stay in your lane you're talking about the wrong thing you can't make anybody happy these days

00:20:40.560 here's here i'm gonna you want to know the truth about stocks well let's well let's hear it from

00:20:45.740 the banker you know you're looking at credit facilities so let's nobody knows nobody knows

00:20:51.400 i don't care if you go to the central bank or goldman sachs and you get the world's greatest

00:20:56.720 economist nobody knows because you're trying to predict the future and so when people ask i think

00:21:02.800 they're i'm surprised you're buying so soon though because i think we're well that's where i that's

00:21:06.560 where i was oh rich i saw blood in the streets and it was enough for me and then i and then it went

00:21:11.380 down even more i was like oh but just but here's here's the thing you can't time the market all you

00:21:17.900 can do is know that hey prices went down and what what i try to liken it to is is like uh you want

00:21:25.300 to buy a burger cheap as possible and so you go look around at different bars and you show oh and

00:21:31.660 it's happy hour at this bar and you get a burger for five bucks and normally that burger would cost 10 or

00:21:37.460 11 while you got a great deal you got a great deal nobody gets pissed off then when they find

00:21:42.380 out that the next bar down the road has burger tuesdays where you can get it for three what you

00:21:47.500 should be happy about is that stocks are are 30 percent cheaper than they were a month ago or two

00:21:54.480 months ago that's really you know pants went on sale your favorite video game went from 60 bucks

00:21:59.860 uh down to 40 bucks and so that you know i bought about halfway through that i think so let's go

00:22:09.460 so i just want to use a little bit of my reasoning here yeah you know i'm not the ballet dancing world

00:22:14.780 beating economist rock there can only be one there can only be one you know i can only be a couple

00:22:19.000 things but uh let's go back to 2008 9 or the hell so i'm just using the dow for argument of purposes

00:22:27.180 just to keep this simple for the people around the world uh why doesn't this go any there we go

00:22:32.740 well come on chart work with me here there we go right so 2007 8 right that was sitting at 13 5

00:22:43.360 what did it get up to where's the peak 14 call it 14 low on that was seven and change so about half

00:22:51.140 so basically half right right we got a peak here around 28 and change probably 29 let's just call

00:22:58.560 it 28 so what's half 28 14 000 that's what i'm going with i'm looking for buying opportunities

00:23:04.520 under 16 right now and you could and you could do that my cash right now yeah what what i would do

00:23:10.980 and this is what i should have done but i i uh you know it's kind of one of those things where it's

00:23:14.780 like i don't want to be watching the news every day either uh do dollar cost averaging you know

00:23:19.480 buy 2000 here 2000 there 2000 there because who knows tomorrow they could say hey uh someone came

00:23:26.780 out with a a cure uh for coronavirus and we don't have to go through with all this stuff and then

00:23:33.760 your opportunity to buy was gone so you know i'm not i can't give advice i can't tell people when or

00:23:39.800 when not to buy i can tell you it's 30 cheaper now and that if it does go up because something

00:23:46.060 happened they discovered something and oh no we're all okay that's gonna jump real quick and

00:23:51.160 then you're gonna be there 30 years from i could have bought back in 2020 but i didn't you'd all be

00:23:58.140 retired but your grandpappy richard didn't do so so i you know dollar cost average into it if you want

00:24:05.620 what are the industries that you're looking at i don't look at industries index just do index

00:24:10.980 you do indexes which one are you looking at the sap 500 uh and i don't know maybe we should

00:24:16.640 explain index investing a little bit yeah explain to the people yeah because this is very simple

00:24:20.580 very simple there's actively managed mutual funds and then there's just non-active or passive or

00:24:28.120 index funds so you're gonna throw this up on the screen just to give you a little visual right so

00:24:33.320 here's the sap 500 index and all this is an index is just a measuring tool put together by different

00:24:38.700 banks a different wall street or you know finance companies in different countries to measure how

00:24:43.140 the overall market's going to do the sap 500 for example is just the 500 largest stocks in the united

00:24:48.740 states what they found over time is that if you just invest in the index you will be anywhere between

00:24:56.200 85 to 90 percent of the investment professionals and you say well why what does that have to do with

00:25:04.060 and that's the difference between an index and an actively managed fund an actively managed fund

00:25:08.380 is you're paying somebody to choose a group of stocks to form their own mutual fund to form their

00:25:14.160 own index they think is going to do better than the index and this is one of the reasons nobody should

00:25:19.360 even be listening to financial advisors anymore 85 percent of these people go get their masters or the

00:25:25.060 phds fail they fail you without any education investing in the index no no guarantee going future

00:25:33.460 but if history is any indication you being fresh off the boat could go ahead and invest in the index

00:25:40.680 and there's a very very very good chance you're going to beat the professionals at this now there's

00:25:45.560 some people like warren buffett and others who have a good track record of being the index you can invest

00:25:49.640 in their funds if you'd like but me i go index funds because my focus on time i don't have time in my

00:25:56.380 olden days i would pour over financial statements look at companies try to find data no one else found

00:26:02.580 and sometimes was successful but you're talking days and weeks of pouring over the most my number

00:26:10.880 you know what life's too short index fund they take a much smaller percentage some of the actively

00:26:16.500 managed funds take up to five percent your your net assets every year i like oh that's that's that's

00:26:23.580 steep uh that's what i do i just there's not just the sap 500 if you're younger um you could go

00:26:32.120 ahead and like if you go through a company like betterment or um not i think it's robin hood

00:26:36.720 there's there's these um robo investors that all they do is invest in indices they don't invest in

00:26:43.660 individual stocks so this one here automated on betterment all ai yeah yeah betterment is the one

00:26:49.280 that i use i'm not endorsing them i'm just saying this the one i'm happy with them though and they

00:26:53.500 throw me into a portfolio of indices based on my age so i got a little bit of international global

00:26:59.680 portfolio a high risk index i got a fair mod the s&p 500 because i'm middle age and i got up i think

00:27:06.640 it's the not barclays the yeah barclays bond index i think i got some in a long-term bond but they

00:27:12.760 they do it all for you and you know unless it's a hobby unless you really enjoy finance and reading

00:27:19.100 through income statements reading the wall street journal and realizing all the aids on cnbc really

00:27:23.340 don't know what they're talking about um it's not worth your time throw the money in a diversified

00:27:29.060 portfolio of indices it's going to go up it's going to go down it's going to go down it's going to go up

00:27:33.580 and just sit and let it be and there's no guarantees on that but you free up your time

00:27:39.920 your your costs for managing the fund not only in terms of explicit financial outlays you got to

00:27:46.540 pay to better mentor a company like that but your time you guys have the option to do a self-directed

00:27:51.580 retirement um yeah yeah well okay we have we have like a whole suite of different like you've got a

00:27:57.560 401k and ira you guys got the rsp right yeah and that's and that's rsp and tfsa okay and uh one of

00:28:05.380 them is where you're with a company the other is where you're not with a company or your company

00:28:08.800 doesn't offer one well either way you get a tax benefit for your company too yeah yeah so uh i'm

00:28:14.620 unique because i have uh my own company so i have a sep ira but without going into boring details

00:28:20.520 yeah you you go through a company they'll say do you want a an ira or an rsp yes you do because

00:28:28.160 you get tax benefits and and that's where mostly you should uh invest the money uh if you have it

00:28:34.980 and you're looking to invest that's that's what i'd recommend what's your view on uh housing in

00:28:39.620 the real estate market i it's based on price to rents and it's all re it's all local like vancouver

00:28:46.000 is probably insane uh but it always has been uh compared to say calgary after the oil boom that was

00:28:53.260 a great buy um but it's hard to say nationwide because real estate is so local that's not an exact

00:29:01.480 transferable commodity it's not like a share of ibm here is the exact same as a share of ibm there

00:29:06.080 um but i'd have to look at the the data again it's not as bubbly as it was in 2006 2007 we're nowhere

00:29:14.980 near that i i pulled up like national price to rents which is kind of like a price to earnings ratio

00:29:19.820 it's it's over the historical average but by like 15 to 20 percent is it bubbly yes is it going to be

00:29:31.020 a crash like uh 2007 it could be i mean something horrible could happen but the thing with real

00:29:36.920 estate is people got to live somewhere um it's not like the the house goes bankrupt it's still an

00:29:43.900 asset it's still a house it could still be rented out also when i look at month's supply

00:29:49.780 that's another thing people didn't look at depending on what town or region you're in

00:29:54.720 the realtors association will should they should not always but they should put together statistics

00:30:01.080 one of which is month's supply so if we stop building houses how long would it take to sell out

00:30:06.660 of the current supply of housing we got and it's tight it's like two to three months still

00:30:11.580 in some places um but when whereas before the housing crisis one thing i remember mcmansions were

00:30:19.320 like at a 1.8 year supply and no we don't need to make any more stop being you're not a team

00:30:26.120 player shut up clary it's like all right never mind what's a mcmansion if you can define that 0.82

00:30:30.700 because that's a unique term that i've only ever heard you use really you've never heard the word 0.95

00:30:35.280 mcmansion i don't the first time i heard mcmansion was when i grabbed bachelor pad economics oh

00:30:41.580 okay well yeah this is this is basically when you buy way more house than you need right and

00:30:47.480 the mcmansion is like mcdonald's they would bang these things out like an assembly line so this

00:30:51.760 wasn't an actual mansion that was you know custom built and custom made and you had the money like

00:30:57.560 you had the cash this was made for the double income couple who would borrow and lease everything

00:31:04.300 uh they would have no money uh by the time they paid for their car payments their insurance their

00:31:12.840 student loans and their house and so you get a five bedroom four bathroom house for a family of

00:31:18.720 three you know so that you lived in this neighborhood i don't know how school districts work

00:31:23.000 over in um in canada but here one of the primary determining factors is how good the school district

00:31:29.320 is so people will literally you go wyzetta which is a town here in the suburbs in the twin cities

00:31:35.980 that's quote the best school district in the state i think certainly the region and across

00:31:41.920 on the border of the road across is plymouth it was i think 75 000 difference between the same house

00:31:49.680 across the street because your kids would go to plymouth perfectly fine school but if you were on 0.99

00:31:55.500 that side of the street you went to wyzetta and so soccer moms even though their kids are morons and 1.00

00:32:01.500 they themselves are morons and your kid you could throw the kid into the harvard they're going to 1.00

00:32:05.640 still come out a moron they would pay an extra 70 50 100 grand to live in wyzese uh to do that but 1.00

00:32:12.940 yeah mcmansion is just a you know the property brothers they're from your country right yeah okay when 0.97

00:32:19.060 they go in and the budget is 750 000 like how the hell they get that money that's kind of a mcmansion

00:32:26.500 and it ain't got no kids so that's that's what that is got it uh jacob says for stocks i'm buying

00:32:32.440 shares little by little each day so if things reverse i have stocks purchased rather than waiting

00:32:36.860 and risking missing the curve dollar cost averaging basically yeah uh there's one here from

00:32:43.660 uh i don't know what an acorn is uh christian said uh what's your opinion on acorns what is that

00:32:49.360 acorns hang on let me double check i think acorn investing is where

00:32:53.880 is that an american term for something yeah it's no it's a company acorn investing acorns is investing

00:33:00.300 apps that let people automatically round up spare change yeah that's what i want to double check make

00:33:04.640 sure so you get the app uh you tie it to your credit card and you go to the gas station and you buy

00:33:11.380 12.43 and then with acorn you can round up the 57 cents to your ira your 401k so so it charges your

00:33:21.940 credit card and then puts the difference in your investment savings right right and that's cute

00:33:27.980 man they just keep inventing new ways to to to get to get money charged through the fee processing

00:33:35.300 system don't they yeah but i guess it's better than not investing at all but you're right yeah

00:33:40.320 at the end of the day yeah but if you're if your strategy your grand strategy is like well

00:33:44.340 75 cents every two days will go to my account like yeah you know what um you're still not going to have

00:33:51.020 enough money you have to be throwing in i mean the younger the better the younger i'm talking starting

00:33:57.120 at 18 you start throwing in 50 a month into a into a mutual fund or an ira in an ira or 401k that's

00:34:04.760 gonna help but if you're like the average person you're going to school you have debt you don't have a

00:34:09.140 lot of money left oh you could always find money for beer and whatnot rounding up 35 cents is not

00:34:14.100 going to to do it you need to be stocking away 100 200 500 ideally every month um and and doing

00:34:22.640 that through a cute little app you know this is like the girl who says well instead of four cookies

00:34:26.820 i'm going to have three and i took the stairs one flight up and it's like no that is not that is

00:34:34.480 i parked the car on the other side of the parking lot no that is not running six miles

00:34:39.060 guys uh by the way if you're watching this on other platforms like facebook or twitter or periscope

00:34:44.500 head over to youtube because um i only monitor the comments off the youtube stuff so if you want to hop

00:34:49.480 in and chime in or ask questions just uh do that it just it just makes it easier for me to curate

00:34:53.520 everything um man we could talk for hours i could i could shoot the breeze with you forever um you know

00:35:00.620 what i came across today was an electric harley davidson motorcycle have you ever heard about

00:35:04.980 yeah yeah yeah you're not what do you want to know about it you're not going to give up the gas

00:35:12.600 bikes anytime soon are you no well have you ever been to sturges black hills area no but they have a

00:35:18.600 big rally um actually stop yeah okay i've been to the stop okay yeah so one other thing i wanted to

00:35:26.160 throw at you too since we're talking about stocks and electricity and gas and all that uh people are

00:35:31.220 still buying up tesla and it's beyond me the amount of money that's that's being thrown at tesla a

00:35:38.480 company that makes no money you know realistically and an economy where gas is really cheap beyond cheap

00:35:46.180 and we haven't seen this cheap in ages i mean it's not going to save this though for a long time but

00:35:49.320 these these prices are here for now i don't see a a long-term future for tesla what do you think about

00:35:56.100 that it it will stay it will stay floating as long as they keep getting infusions of cash

00:36:04.100 and if people still where is it going to come from if the government's so busy with this covid and

00:36:09.160 the the government could fail to stop giving elon musk money that could happen

00:36:13.460 um but it's the same thing i think with uh non-profits people will invest if they believe

00:36:20.380 in it and i think a lot of your money is coming from charitable people who uh uh either sincerely

00:36:27.800 or through virtue signaling want to believe or want to help out the environment uh so they'll invest in

00:36:34.760 green technologies and tesla is the foremost of that they're and not irrationally so because it's

00:36:40.640 like look here's an electric car people understand that they can see they say well we can take this

00:36:45.500 microbe and it'll chew away a plastic and people won't understand that and it's not sexy so as long

00:36:51.960 as people want to invest in tesla almost as a charity investment like you're gambling you're throwing your

00:36:58.100 money away yeah and and it will it'll employ people they'll make electric cars i feel like it's one

00:37:03.960 part charity and one part virtue signaling yeah and so when the rich guy gets his you know his tesla

00:37:09.600 oh i got a tesla and i see him a lot in vegas um there's a prestige they think that comes with it

00:37:16.860 they oh look at me i'm good for the environment like yeah okay but yeah as long as you keep throwing

00:37:22.460 money i mean amazon i think was not profitable for the first 18 years of its existence but people

00:37:29.860 like the idea they kept throwing it money and then it did turn a profit yeah so um yeah i you know if

00:37:36.620 it's other people's money i don't care just don't have the government bail it out i don't want

00:37:40.340 government guarantees but uh yeah i'm not i'm not a big fan of these government bailouts that keep

00:37:45.520 happening i don't i don't see them stopping anytime soon i don't know trump will or not but he seems to

00:37:49.760 have an issue with uh stock stock buybacks um companies are doing that with government bailout money

00:37:54.960 what did you give it to him yeah uh let me see here i got a couple super chats uh doula says your

00:38:04.720 opinion on defined risk option strategies you have a view on that not not really i options trading is

00:38:11.800 investing in options i never really got dealt into much i do know this with options uh options the

00:38:17.660 original intention was to lower risk originally in uh agriculture i believe where farmer brown would

00:38:24.040 spend all year plowing fields for potatoes uh then he'd go to market and find out that there was

00:38:29.260 everyone planted potatoes and he lost money so what options did is you could buy it from insurance

00:38:35.260 company or a finance firm and say look you're going to guarantee me five dollars a bundle for potatoes

00:38:41.520 and then he'd have this contract it's insurance policy basically and and then um if also in the market

00:38:47.120 price of potatoes was four he's like oh i got this contract and he could force the finance company that

00:38:52.200 wrote that contract that option to pay him four dollars per bundle for potatoes now what ended

00:38:57.700 up happening is people started trading the options themselves because they have a market value too

00:39:02.800 they're a financial security and it's very very risky because the option is is uh not a share of

00:39:09.320 stock it's it's a basically a bet on what will happen to a share of stock will happen to the price of a

00:39:14.180 commodity so the swings can be very wild which makes them attractive for people who are high risk

00:39:19.280 investors and then there's ways through math and finance and uh uh hedging and saddling you could

00:39:26.220 buy an option you could buy a counter option you can buy the underlying you could short the underlying

00:39:30.560 as so but that's where my knowledge of it uh uh i don't know how to do that i do know most people

00:39:38.140 lose money trading options it's like the guy saying hey let me tell you how to flip houses it's like

00:39:43.420 why aren't you flipping houses why are you telling me how to if it's so profitable why are you wasting

00:39:49.040 your time to it's the same thing let me tell you my options trading trading strategy it's like why

00:39:53.740 are you trading options like if i had a way to arbitrage off the the stock market the options

00:39:59.760 market the hell if i tell anyone so you you know if if if someone's offering you a class on options

00:40:05.520 trading that trading platform doesn't work because you'd be insane it's like hey i found the gold and

00:40:13.220 it's over here you that's literally what they're saying you would not tell anyone that so it's it's people

00:40:18.100 who probably don't make money on options trading selling you how to trade options i want to ask

00:40:22.520 you about metals after this uh super chat from troy says cash debt ratio for t what's tsl a i think

00:40:29.280 that's the ticker symbol for uh tesla yeah okay so let's so cash debt ratio for tesla is best for

00:40:34.640 the auto industry which is crap to begin with anyway so it's like investing in the airline industry i mean

00:40:39.580 you probably make some money off the airline industry if you get in at the low point uh because

00:40:44.020 it's really got nowhere to go up once it once it bounces off the bottom a couple times but

00:40:47.780 yeah tsl a is definitely tesla yeah i'm looking at the i'm pulling at google it all over the place

00:40:53.880 i'm trying oh here we go financials all right here's the financials compare it to gm just as a

00:40:58.860 comparison or like ford i don't know if i could pull it up google's being that's the income statement

00:41:04.960 where's the balance sheet it it's not worth it it's not even worth looking i'd have to i'd have to look

00:41:11.120 it up and the prom i mean i looked at it yesterday it's got a negative pe it's not a good one yeah

00:41:15.760 it's losing money it's like saying hey do you want a big pile of constipation or you want a big pile of

00:41:22.320 diarrhea it's still the same stuff it's garbage um what's your opinion on metals there's a lot of 0.69

00:41:29.800 people uh going on these days about silver and gold and silver is better than gold and the ratio of silver 0.73

00:41:34.920 to gold and silver silver i have a buddy i have a buddy who wrote a book called trade the ratio

00:41:41.460 and it was specifically on that but it was once again it's arbitrage it's you're looking at charts

00:41:48.580 and graphs and and if you're interested it was he had a good interesting um and he proved it

00:41:53.780 philosophically like like here if you want to trade the ratio anytime it goes above this buy gold anytime

00:41:57.860 it goes about this buy silver so he was right in that one regard but um even the word investing

00:42:03.360 in precious metals that's wrong you do not invest an investment pays you back a dividend

00:42:08.320 over the course of the time i bought a 10 million dollar sports bar it generates a million in income

00:42:13.080 every year 10 years i got my original investment back and now i have a perpetuity of a million dollars

00:42:18.180 per year for the rest of my life gold and silver don't poop out little pieces of gold and silver and

00:42:24.160 then they grow to become big pieces of gold and it just is gold and silver and so what they are is

00:42:28.960 really more just a uh an insurance a hedge against hyperinflation and a collapsing economy

00:42:34.000 um i always recommend people have 200 ounces of silver because if the economy collapses gold is

00:42:38.840 going to be too valuable i'd even recommend some junk silver uh if you go back uh in like the 40s and

00:42:44.900 30s or before that there was actual real silver in most uh countries currency the silver colored currency

00:42:51.100 um but you're not like you're not buying silver saying i hope it goes up to 50 and i mean yeah okay

00:42:58.120 it's nice if it does but you you hope it doesn't because if silver is going up to 50 an ounce

00:43:04.740 your electricity likely isn't turned on um there are bodies in the streets it's not good if you're relying

00:43:12.620 on your silver so um it's it's a part of every portfolio i'd say but no more than 200 ounces which is

00:43:20.260 i think three thousand dollars now maybe twenty eight hundred like twelve thirteen bucks an ounce

00:43:26.740 not not much that's per person you know so you got a family um but it's it's the same thing with

00:43:31.640 cryptocurrency a lot of people uh for whatever your opinion about it uh i think it's a great hedge

00:43:36.700 i wouldn't invest or speculate on it you know like try to trade in and out of it but uh and prices are

00:43:43.380 still pretty high uh but i think everybody's showing a little bit of cryptocurrency not a lot but a

00:43:48.540 couple grand worth so yeah uh crypto has been interesting because my you know my initial

00:43:54.520 thought on it was it's like digital gold because that's what i've been hearing for years but clearly

00:43:58.860 when the market goes down it went down a lot more than gold did so it's clearly not digital gold now

00:44:03.780 but today it had a nice rally and i don't know uh we'll see what happens it's uh i still have my

00:44:10.460 bitcoin i'll probably buy some more you know if it goes down a little bit more but uh yeah i think

00:44:15.560 it's a nice hedge got a bunch of super chats that came in here here's your favorite one aaron

00:44:19.640 he follows you like herpes how do you get that uh well i uh nowadays you just pay for it honestly

00:44:29.620 that's hilarious all right let me grab these other ones uh christian says rich wish to take on car

00:44:36.320 companies like ferrari mercedes amg audi going all electric or hybrid you think sports cars will be

00:44:41.420 boring not if they're hybrid hybrids are great i really like hybrids i drove uh la ferrari in

00:44:47.000 england down the bruntingthorpe airstrip to 204 miles an hour and they are fast when you smash

00:44:54.120 a hybrid motor to a big v12 or v10 they're fun um what's that electric car um it's got like 2 000

00:45:04.080 horsepower what the hell is it called um isn't that a tesla or is that no no no no it's um it's like a

00:45:10.220 hyper car the dude's from uh croatia uh what the hell is it called i can't remember it for life 0.77

00:45:14.920 me right now but it's it's incredibly fast i gotta rip your face off basically it accelerates so fast 0.96

00:45:20.360 but uh me like i like the mechanical symphony of you know gas being you know burn suck squish bang you 0.73

00:45:27.840 know shoot it at the exhaust pipe and make lots of cool noises that's you know that's just me

00:45:31.960 um savvy says successful full-time youtuber contemplating staying in a boring mrg

00:45:39.460 uh loving all your content rich help me decide this is just for love what's what's what's mrg what

00:45:45.940 does that mean i yeah boring boring management mortgage boring i don't know clarify for me man

00:45:53.080 i'm not clear on what a boring mrg is but uh youtube's a lot of work especially these days if

00:45:58.560 you're talking about the stuff that aaron and i talk about like hey uh oh okay so is that marriage

00:46:04.060 yeah i think ryan said marriage marriage okay yeah so staying in a boring marriage well if you're in a

00:46:08.020 marriage dude you're kind of stuck you're gonna have to give up a lot if you want to leave that one

00:46:12.060 um that's a longer talk than uh than a quick answer to that man but uh you ever hear of this book

00:46:19.940 you ever hear this book called the rational male written by this rollo tomasi guy yeah

00:46:24.700 yeah by the answer might be in there that's the short answer yeah um i might i might drop the

00:46:31.160 join link towards the uh and you know if we got some time and maybe take a couple of questions but

00:46:35.700 uh hang around for that i'll i'll keep an eye out for you savvy uh so how do i get the girls we got 1.00

00:46:42.840 that one what's your life goals purpose and mission aaron stem my life as long as possible doing what i

00:46:50.820 want the highest percentage of the time that's that's it don't die have fun don't die have yeah

00:46:55.660 i mean stay healthy too but no right now the most immediate one is building my house in south dakota

00:47:01.140 i sold my place in the twin cities and now we're we're building it out there uh move out there spend

00:47:07.880 winters in in vegas never see snow again and i that's about it i want to go hike i want to go look

00:47:14.000 for agates i want to shoot guns i want to ride my motorcycle i want to golf in vegas i want to hike

00:47:19.380 what's in what's in south dakota like why would you build a house here uh it's not i'm surprised

00:47:25.840 many people know about or don't know about this but the far far far west corner of south dakota is

00:47:32.900 called the black hills it's not a huge mountain range not like the rockies or anything but it's it's

00:47:37.240 nice um but that's where the black hills are mount rushmore is the sturgis rally is and i just love

00:47:43.860 the place um it's very pretty it may not be as pretty as say yellowstone or jasper or bamf but it's

00:47:50.140 very pretty wonderful motorcycle riding but then they got a ton of fossils like geologically there's a ton

00:47:56.260 of stuff out there i found a brontosteer i found oridonts i found a clam this big um they also have

00:48:04.480 these agates i think they even have like uh garnets and it's just a little hot you can just

00:48:10.860 go out in the middle of nowhere this is what we're looking at the black yeah that's where you look at 1.00

00:48:15.400 yep that's the black hills and right next to it also do an image search of badlands national park

00:48:20.980 badlands is in alberta isn't it uh you also have badland formations in alberta but the badlands

00:48:26.580 national park in south dakota yeah there you go that's uh that's it there and so it's just a

00:48:34.060 wonderful magical place i love riding around and hiking and um what are the roads like over there

00:48:40.380 they're nice and twisty i'm guessing with yeah once you get in the hills they are yeah otherwise

00:48:44.560 yeah the rest of south dakota is just flat and straight like saskatchewan or north dakota there's

00:48:50.020 it's very boring um but that's where i want to build my house there's a picture of you right there

00:48:55.060 is that me what no no that's not me i'm sure if you search aaron clary badlands you'll find a

00:49:02.600 picture of me out there let's see you probably will

00:49:05.380 oh there he is yeah there we go yeah okay oh that looks more like uh utah but yeah so that's that's

00:49:18.380 my goal and then um i just want to relax i gotta work on anger i gotta work on stress

00:49:25.040 but once the house is built i'll be in my it's just a big backyard and then and then it's just

00:49:32.560 going to be enjoy life you know and um you know stay in shape doing it the fun way not going to a

00:49:39.760 gym because it's minus 15 degrees outside like no i'd be like hiking outside i went for a hike in

00:49:45.140 vegas about three weeks ago four weeks ago it was wonderful because it was warm so that's what i

00:49:50.780 want to do have what's your go-to bike for long road trips um if i had it be i think it's a kawasaki

00:49:57.260 vulcan but i it was too big and i couldn't afford it um but that was the most comfortable bike i've

00:50:04.900 ever ridden the one i have now in the twin cities is a 1300 vtx it's a honda and that's that's a little

00:50:13.580 big for me but i like it very comfortable and then back in vegas i got a saber 1100 that's

00:50:19.340 also a honda a little smaller uh handles a little bit better a honda yeah 2006 vtx yeah there you go

00:50:27.980 that's it it looks like a looks a lot like a harley man you got saddlebags and a windscreen on that

00:50:33.920 yep saddlebags and all that yep okay and it's just like it's a ton and it's reliable you don't have to

00:50:39.540 do anything it just works you got it you you you pop the seat there's the battery you could charge

00:50:46.260 you you push it it's very easy to to operate on and yeah and it doesn't break down yeah i've been

00:50:52.080 looking for another bike man maybe i'll pick one up and go for a ride with you well come on out

00:50:56.960 whenever you're there yeah oh all right i'll dig that up later i just let a little placeholder for

00:51:02.280 myself see what that's all about uh we got a another one here for super chat he says some

00:51:08.360 massive beautiful caves in dakotas too are you a caver uh not really it is he's yeah atham atham

00:51:14.000 he's a buddy of mine he uh and he's a he's a spelunker he's a serious he's in charge he's the

00:51:19.220 president of his caving group oh yeah yeah he's out in california i've done some caving i've done some

00:51:24.860 caving i did uh cheddar gorge in england that was um you know that was an interesting uh tour they take

00:51:29.760 deep inside that uh bad boy they turn off the lights and you've never seen dark until you get

00:51:34.800 down in a cave i don't know if you've ever done that you can't see your hand in front of your face

00:51:38.760 like it's it's just black there's no yeah there's none there's um yeah i've i've done a couple cave

00:51:44.220 tours there's jewel cave and uh what was the other one jewel and something in south dakota and these caves

00:51:52.520 are not even fully explored yet they've shown maps there are literally hundreds of miles of caves

00:51:58.920 because it goes wherever the water is and you could go on caving tours where it takes three days

00:52:03.620 to get down to where they've stopped exploring and continue to explore and chart um and atham's told

00:52:10.480 me much about it but yeah there's there's some caves out in south dakota too and they think they

00:52:14.260 inevitably connect but they haven't figured it out yet but yeah there's a lot of stuff to do in

00:52:18.500 south dakota uh eric's got a question for you here on an airbnb cabin in spearfish canyon do you think

00:52:24.880 it would do well as in making money when we're not there um the it yeah spearfish canyon depend i mean

00:52:31.800 everything depends on price i mean it depends on what your monthly outweighs that's one of the most

00:52:37.300 sought after properties i would have bought in spearfish canyon but i don't have the money

00:52:41.780 but there's some beautiful beautiful properties in spearfish um and the thing is with the sturges rally

00:52:49.040 although that's going to be dying out because it's all old people uh spearfish canyon uh you 0.96

00:52:54.760 could you could get top dollar during the sturges rally pay for your property taxes and your your um

00:52:59.620 your insurance i assume depending on the price of the property uh but a property in general you need

00:53:06.280 someone to manage it man and up in spearfish canyon they get a ton of snow you got to worry about your

00:53:11.640 roof collapsing if you get too much snow so you're gonna have to have snow off you're screwed

00:53:15.600 yeah you gotta you gotta go and and check that out uh have someone uh have eyes on the ground there

00:53:22.120 looks nice man it's uh it's a nice little pocket it's a nice little corner i'm guessing it's not

00:53:27.580 that expensive because i know what your spending habits are like i'm i'm guessing you're building

00:53:30.920 this house for like 20 bucks or so or oh yeah it's a teepee i mean i'm hanging out yeah i'm just

00:53:35.740 going no it's it's uh i made i made off rather well with my house yeah i'm frugal and so yeah but

00:53:42.280 no the proceeds are going to go to build the house and it's not going to be a huge house but

00:53:46.180 it's going to be a nice house this is probably the nicest thing i've ever afforded myself are you

00:53:49.440 going remote you're gonna get away from people it's like get off my lawns yeah no there won't

00:53:55.460 be gun emplacements or things like that but there's i got neighbors that are three five six hundred yards

00:54:01.300 away um it's it's within a larger development but i got a three-point acre uh spread so there

00:54:09.940 you could see the house close to water you got a source of water on the property yep water and

00:54:14.140 that's the biggest mistake i see a lot of guys do they'll go out and they'll you know like i'm

00:54:18.460 you know i'm leaving the city i'm going far away and you're like you know you got to come over

00:54:21.540 and see and you're like we're just source of water dude it's like well we get it from a well

00:54:26.380 okay well that's one spot but what about a river or something like that'd be nice but i don't know

00:54:30.060 you don't always get it yeah um let's see here wind cave is what you're thinking yeah okay we're

00:54:35.880 um talked about metals talked about the markets talked about do you think it's the covet 19 or is

00:54:43.660 it the china virus i i couldn't stop laughing yesterday when i heard donald trump call it the 0.98

00:54:48.920 china virus because it comes from china i you know what if everybody's got sand in their vaginas because 1.00

00:54:56.060 someone says it's the china virus good i hope you i hope you're very upset because it's not racist 0.71

00:55:00.800 that's not i i uh i got other things to worry about i i don't know if you saw it but uh marvel

00:55:07.600 you almost have to laugh at the at being politically correct uh marvel there's a guy called daniel

00:55:14.340 flabbergastin or something like that i forget his name he writes for the stephen colbert show

00:55:19.400 well he he came out with a new comic and uh it's i forget the name of it but the the new comic book

00:55:28.620 characters in it what there one's called snowflake and the other one is called safe space and it is

00:55:34.860 the affirmative action hire of marvel and everybody is dumping on this guy and it's it's laughable now

00:55:42.320 so i i don't pay attention to the news i i you know okay fine it's the china virus i guess 0.91

00:55:47.580 of the of the of the whiners the moaners and the sulkers and the crybabies and the hissy fitters 0.58

00:55:53.100 today it's just it's just it's so funny it's it's just so incredibly interesting to me to see these 0.78

00:56:00.140 people flip out over something like are they going to go and change the name of the black plague next

00:56:04.740 right right right you know we gotta call it something else because that offends somebody today even

00:56:08.980 though it was whenever it's like you know the china virus bothers bothers like two or three people

00:56:12.900 um alissa milano made a big stink about it today i i tweeted at her today by the way that's uh red 1.00

00:56:18.920 flag number 17 hissy fits uh you know women that can't process their emotions probably so check out 1.00

00:56:24.600 that tweet and have a laugh at it um let's see here we got a couple more super chats in my area

00:56:29.960 we dodge feces as a sport yeah juan's in san francisco he's on a minimus can play to win in

00:56:38.780 any economy wife and kids uh not so much this black swan event has me doubling down on minimalism

00:56:44.860 any insights uh if you can go back in time what would you tell yourself at 30

00:56:48.960 i don't know minimalism has always been a policy for me and i when did it become a policy for you 0.96

00:56:56.040 when did you realize i don't need the big stupid house and well when i was three when i there was 0.94

00:57:02.700 no christmas toys what i guess what maybe i was seven and my brother was my size and then we 0.99

00:57:08.640 shared toys i was like i really became anti-communist at that point uh no there really wasn't a choice but

00:57:15.560 one thing i like about minimal especially when you get older is oh you see whatever oh look the jet

00:57:21.340 setting oh they're going to paris oh they got the fancy sports car and after a while you're like wait

00:57:27.700 i'm i'm 30 you know and i don't need this and i have fun with my friends and and uh having the

00:57:34.160 peace of calm and freedom that comes with not having debt is is way more valuable to me uh than any

00:57:43.640 material item and you know i don't have nice cars i don't have a fancy truck my motorcycle no i'm not

00:57:50.620 no i mean you got a nice little convertible yeah yeah yeah and i like my i got i love my truck but

00:57:56.260 it's always been a tool for me uh now i do have i do have fancy i'll i'll drop occasionally some

00:58:04.000 i'll afford myself some nice things i got a tovor x95 it's a it's a bullpup gun and it's tricked out

00:58:10.380 and i like it um what else i'm spending a little bit of money on this house i like you know i'm gonna

00:58:16.400 have a nice patio to smoke but minimalism has always just been a policy and once you live it

00:58:21.820 after a while you don't you don't need the the stuff also working in banking and seeing people's

00:58:26.540 income statements and balance sheets i was like you can't afford that truck you nobody can afford it so 0.93

00:58:31.880 i most people are full of crap when it comes to the way they virtue signal the world and

00:58:35.600 and money like like me coming from the credit and collection space there's there's millions and 0.98

00:58:39.880 millions of people in canada that i've seen i've seen their credit reports i see how they live i see

00:58:43.940 what their income you know looks like i see how heavily leveraged they are in their mortgages and

00:58:48.380 it's like you know i was having a conversation with somebody today about um you know this individual

00:58:53.740 that's got some money problems because they're not working right now it's like you know have you been

00:58:58.360 in that house for whatever it is 34 years and you haven't paid it off like you know like why do you

00:59:03.080 still have a mortgage on it right like i like i don't understand the concept of of digging yourself

00:59:08.160 in such a hole you know whether it's to keep up with the joneses or make your wife happy just

00:59:12.860 doesn't make any sense to me i got a buddy who lives in a major metro you'll love this story rich

00:59:18.120 uh and he's in the nicest town suburb of that major metro and every time i go visit him he tells me it's

00:59:26.720 because him and his wife um they hear the gossip and everything now this guy's paid off his place

00:59:32.260 he's a minimalist he fixes his own cars uh he bought in at the bottom and he's like don't tell anyone

00:59:39.740 and all he hears from people is okay we got this house and we got this much equity and they'll go

00:59:46.580 and read to the basement or wife wants a new suv and like nobody has any equity in the homes and i

00:59:53.080 called him once this corona thing started happening because they all live paycheck to paycheck and i was

00:59:59.140 i was like how many wives are leaving their husbands now how many how many houses are he's like it hasn't

01:00:04.260 happened yet yeah you can see it because these guys when the economy was booming and unemployment

01:00:11.400 was 3.7 these people were just treading water now holy and now that the kids are coming back

01:00:18.520 so i uh yeah that there's so much fake plastic posers out there you know less less than five 1.00

01:00:26.440 percent of the ferraris or the mercedes or whatever you see out there are actually owned by rich people

01:00:31.120 the rest of the people are renting here's here's what i think i'll get into in a second but um you

01:00:36.420 know what you guys have been so great and generous to us tonight with the super chats and everything

01:00:40.660 here here's a join link if you guys want to ask a question join click through just make sure you got

01:00:46.600 a decent mic and headphones on so we don't have a problem with audio but um here's what i think is

01:00:52.740 gonna happen you're gonna see a lot of relationships tested because women hate incompetent men women hate men 0.80

01:00:57.740 that don't have a backbone women hate men that can't get anything i mean the world in general

01:01:01.580 doesn't like guys that are sulkers and whiners that that can't get something done and if there's

01:01:07.560 problem with problems with money if there's problems with acquiring resources for the household

01:01:11.600 if there's problems dealing with challenges women don't want to step up to the plate and deal with 1.00

01:01:15.480 that stuff they'll they'll do it if they have to if they're forced to because they've been told their

01:01:19.380 entire lives you know you go girl you can be a man too blah blah blah but they legitimately want to stand

01:01:24.100 behind a strong masculine virtuous guy that can do all those things and you know take the brunt of it

01:01:28.720 they want to ride on the shoulders of giants so we're going to see a lot of relationships tested

01:01:32.700 over the next few weeks maybe months we'll see how long this thing lasts so so that's one thing we're

01:01:37.900 seeing a lot of um women who um you know again have been sold a bill of sales by um you know toxic

01:01:44.500 feminism we'll call it i tweeted about this today i think this will be the topic for rule zero on 1.00

01:01:48.440 saturday um you know who are working in salons uh admin assistants uh cutting hair doing nails

01:01:55.740 you know like all the stuff that you know let them live paycheck to paycheck and put a roof over

01:02:00.200 their heads and their kids heads and you know like all the karens of the world that you know got 0.99

01:02:03.700 divorced and took the kids sort of thing and you know they're strong independent they don't need no

01:02:07.220 man but if they're not working right now i guarantee they're going to change that tone you know

01:02:13.560 there's there's going to be a shift depending on how how long this goes over over more to

01:02:19.720 oh maybe masculinity is valuable maybe i do need a guy maybe i need to be more feminine maybe i 0.98

01:02:25.260 you know there's probably a lot of guys and i've started to see this already in my community but

01:02:30.380 i've already seen guys talking about how their phones are blown up with dms and text messages really

01:02:35.220 no kidding from like women that they've been in touch with in the past whether they're old plates

01:02:39.640 or if they're on dating sites there's one guy telling me today goes i've never been so popular

01:02:43.360 on a dating site before right so you know we're starting to see you know all these strong

01:02:48.320 independent women that are having a hard time or are starting to see you know some struggle coming 0.98

01:02:53.360 their way and um you know beta bucks looks looks pretty good at that point in time for scenarios like

01:03:00.020 that but um yeah this will be a real test man this is you know this is certain certainly test the 0.99

01:03:04.700 strength of of feminism i haven't heard a peek about you know men suck in the last couple weeks 1.00

01:03:10.220 have you i well see but i don't i don't really pay attention it it just goes with the it's 0.95

01:03:15.340 background noise for me now i mean it's kind of like i get i yeah you just kind of do your own

01:03:19.560 thing and play dnd and yell at your camera like every couple of days and don't forget my ballet

01:03:24.000 polka dancing or whatever the hell you said uh no i i uh two things you said there though

01:03:31.400 it depends on one how long this goes on if again if we discover the cure tomorrow this all goes away

01:03:38.860 and we'll laugh at it they're not it's not coming anytime soon somebody posted earlier that they're

01:03:44.400 using this malaria you know drug to cure it but this malaria drug that you're talking about has

01:03:48.920 awful side effects and it doesn't deal with the virus itself it just it just deals with

01:03:52.960 you know the immunity issues and maybe slowing it down oh well whatever it assuming this lasts a

01:03:59.260 while there it is our parent larping has diminished greatly i but i think especially with these oh

01:04:08.580 we're gonna give people a thousand dollars oh we're gonna give them two thousand dollars i think the

01:04:12.400 government's gonna come in and ride to the rescue here i think that i because i'm an eternal pessimist

01:04:18.040 because i'm always proven that it's right oh they will for sure they're starting to do it again like

01:04:22.440 they're already like justin trudeau said today you know we're making sure all the single moms have money 1.00

01:04:26.580 right uh you know we're giving you a bigger tax credit a child tax benefit so you know of course

01:04:32.140 the state's chipping in because you know the men are no longer the head of the household so the state

01:04:35.800 needs to do it right and and and you know it's it's no skin off my back uh but i i do believe

01:04:43.560 that's gonna women are not going to be coming craveling back saying okay i'll be the stepper housewife 1.00

01:04:50.060 that's not going to happen i think there's gonna be enough government money uh to shield them uh from any

01:04:55.100 consequences right but what i have noticed and this has been twice now is uh two women i can't 1.00

01:05:03.380 mention who uh they they contacted me what are you doing i'm like what do you mean what am i doing well

01:05:10.020 what what's your plan do you what do you and it's like my guy and i can't say who or what but my guy

01:05:16.540 who they're romantically involved with well he's not doing anything i'm like oh i see well my plan

01:05:23.800 is i have guns and i've five years ago bought you know trained and i bought stuff and i have silver

01:05:30.380 and then i have a friend who lives you know south of where i am that if it really gets bad there's

01:05:34.840 water oh well what should we do i'm like wow hey you don't have a man you're married love death to us

01:05:44.260 and this and they are they're playing video games they don't there's no foreplanning there's no nothing 0.64

01:05:49.460 and and i'm like you gotta come to talk to some dipshit on the internet you know and so yeah and 0.62

01:05:55.980 and so whereas the finances i think will be taken care of the the fear you know the zombie apocalypse 0.60

01:06:01.980 i think that might get them and is what you're seeing or your your agents in the field they're

01:06:07.340 seeing where all of a sudden women are starting to dm guys because now okay yeah the government might 1.00

01:06:13.320 give you a check but does it have a gun does it come with a personal bodyguard can you does it come 0.99

01:06:18.660 with a truck that you can haul your shit with a lot of that but three built like a brick shit house 0.99

01:06:23.660 and 210 pounds it could do problem a gun knock somebody out even if he doesn't have a gun 0.98

01:06:27.580 you know there's not a lot of guys out there that are that competent right right and everybody's been

01:06:32.480 sneering at it for years like i've been saying for years chase excellence not women go do the work 0.98

01:06:36.400 on yourself you know learn combat skills you know um and then i get yelled at when i'm like well

01:06:41.180 i've got a couple months of food stores well you're part of the problem but you shouldn't be hoarding

01:06:44.960 food and all that sort of stuff it's like dude i've always had it it and it's forget prepping or

01:06:51.220 let's just talk like basic emergency preparedness yeah survival yeah survive like okay i got iodine

01:06:57.860 map map do you have a map you know how to use a compass do you know where the north star yeah and 0.97

01:07:04.900 it's stuff like that where i'm like wow this is a big failure of men and now the dipshit who you know 0.66

01:07:11.800 maybe i don't know what happens when the power goes yeah you're really good with that joystick but 0.95

01:07:19.980 uh here's a real gun okay you don't even know how to prime it all right never mind just give it back

01:07:24.260 to me go make food with the women jesus go ahead and go and scavenge uh christian here i'll here i'll 0.94

01:07:31.640 pull you in man because you're the first one to pop in so you're up throw us throw us a question

01:07:36.680 fire away go ahead um yes so my concern is you know i live in new jersey and we're in lockdown

01:07:43.960 and i'm just asking myself how how long does this is gonna last because some people are saying

01:07:52.060 till all the way till august july other people are saying it's gonna last till a year

01:07:57.280 so like i'm worried about like economic implications that this will cause and you know how businesses will

01:08:05.320 recover it may not recover at all i mean well this is this is the place that you leave yourself

01:08:13.100 in gentlemen when you rely on an employer to provide for you or the state to provide for you 0.90

01:08:18.540 because when shit hits the fan and and this isn't a shit hits the fan sort of event this is kind of 0.97

01:08:24.140 like somebody flipped a fan right like nothing really bad has happened just yet we still have 0.99

01:08:29.780 electricity the government's pretty much offering to send people money i mean they're doing that here

01:08:33.880 in canada i heard trump talk about that today um you know they're talking about not throwing people

01:08:38.500 out if if they have problems you know paying rent so um there's there's lots of protectionary

01:08:44.440 measures going in place but i mean do you have you know six to twelve months worth of money set

01:08:50.300 aside for living expenses no do you own guns i mean no because it's so hard to get a gun

01:08:57.940 permanent jersey i'm not allowed to carry conceal okay but i mean i can't carry conceal in canada but

01:09:03.980 i own four guns right yeah right so i want to honestly i want to own a gun at some point do you

01:09:10.760 have gold or silver no you got friends do you have a network of friends like hey if something goes bad

01:09:17.600 you me and and bobby are gonna go meet over at frank's house and we're gonna hunker down and here's

01:09:23.180 our here's our responsibility i have friends but they're kind of clueless they're probably even

01:09:28.220 worse position than i am this is what happens when when you subscribe to the newsletter of just trust

01:09:34.300 the state trust your employer and everything will be fine because then you end up yourself in a

01:09:38.420 scenario where you're like okay i'm just gonna tell you that i'm gonna tell you that right now i don't

01:09:44.840 trust anything what cnn tells me or like fucking yeah yeah so i don't trust it but so so the question i 0.93

01:09:51.540 have for you then is why didn't you why didn't you prepare better for it well first of all this

01:09:57.060 corona thing caught everyone by surprise everybody well not really i mean you know we had sars we had

01:10:03.740 uh here i can pull up all the all the h1n1 swine flu pig flu bird flu especially like i mean like

01:10:12.740 you're not 12 years old right like how old are you uh 26 okay so i mean like you've seen sars then

01:10:17.880 right because that was in your life yeah i remember but here's the thing i don't i don't

01:10:21.220 record that we had no curfews major shutdowns quarantine i don't remember hearing those stuff

01:10:29.400 and dude this is just a basic flu bug that kind of spreads a little bit more than the flu

01:10:34.080 what happens when the next bio whether it's bioengineered or it skips from a bat to a cow to a

01:10:40.000 dog to a human in china next time and then spreads around the world what happens when that gets out

01:10:44.700 and that's way more fatal right like the fatality yeah that's that's what i think about as well like

01:10:51.140 yeah so i mean be thankful right now that it's not that bad and it probably won't get that bad

01:10:57.760 but what happens next time around if it does get that bad are you going to have money are you going

01:11:02.680 to have guns are you going to have a store of food and water like are you going to be confident are

01:11:06.400 you going to be able you know do you have a network of men that you can rely on in your inner

01:11:10.660 circle a tribe that you can draw a perimeter around that you can trust that you can go somewhere

01:11:15.340 with right like these are all things that that men need to understand and learn how to do because

01:11:20.300 if you don't then you end up in a scenario where you're like what's going on man how long is this

01:11:24.080 going to last and like what aaron said like when it comes to like meet competent guys as friends

01:11:29.880 it's like kind of hard like especially i live in the state metropolitan area right most guys like 0.99

01:11:34.780 deep shit they're concerned about fucking bullshit and you know smoking weed and shit they don't know 0.99

01:11:41.860 what to do in situations like that you know so let's try to do that christian yeah let me let me 1.00

01:11:48.140 christian let we can talk about what we shoulda coulda woulda but this should be instructional never

01:11:53.520 to have it happen again but going forward what's great about this quote crisis the stores aren't

01:11:58.340 closed down i stocked up on some shotgun ammo because i need to practice firing a shotgun so

01:12:03.920 you can hang out christian hang on so you could go what do you need just go online start researching

01:12:08.400 basic stuff for a bug out big basic stuff you need for survival it's going to probably include a weapon

01:12:13.560 some ammo some iodine pills for water um you know clothes some plastic and that's what you can do for now

01:12:20.520 you're going to have to come up with a plan if you're in jersey like metro you're going to have to go to

01:12:25.620 where there's not people you got to have a plan gas in the car gas in the truck you got to find some

01:12:30.960 buddies you can trust um you know and and christian do trust you me i know how hard that is to find 0.94

01:12:37.420 people it's like hey we should all learn how to fire guns and maybe clean them what are you crazy

01:12:43.600 join a gun club right because that's where they're all going out anyway yeah i mean you're kind of late

01:12:48.960 but when this all clean itself up that's what i do a gallon full of gas ready to use my car's full

01:12:56.240 tank i have food stocked up in my refrigerator for like a couple weeks so that i i'm able to do you

01:13:02.160 know i can go to the supermarket get some regular regular stuff that i need i mean everything is

01:13:07.060 normal when it comes to like cvs walgreens right how well first are you in hand-to-hand combat

01:13:14.640 not that good no start right i mean like this is something like join a dojo and take up krav maga

01:13:23.340 brazilian jiu-jitsu boxing probably the two most useful skills that you can use would be boxing and

01:13:28.860 krav maga krav maga is really good for uh dealing with attackers to inflict maximum damage without

01:13:34.820 without hurting yourself and getting away from them or protecting people that are around you and boxing's

01:13:39.300 got really good striking skills right yeah you know the most frustrating about this is like i will

01:13:44.480 i was looking for you know to start my my business right and i work two jobs i have a morning job i have a

01:13:54.060 night job i do deliveries and the the place that i work at when i do delivery they're gonna close next

01:14:01.000 week until further notice because the sales are too low you know he's getting frustrated getting scared

01:14:06.780 so he's shutting down the place next week till further notice so i don't know how am i gonna

01:14:13.340 you know save the money that i want to save start my own business because this whole coronavirus has

01:14:20.280 caused a logistic and a shipping crisis you know so i wouldn't worry about that for now let's worry

01:14:27.920 about basic stuff and making rent and getting food and then your business could come later but yeah

01:14:33.140 you're basically a cork floating down a river right now and there's not much you can do about it

01:14:37.960 right but learn from this scenario because these sorts of things happen every 8 10 12 you know 15

01:14:45.700 years like usually within about every 8 to 15 years you're gonna see something like this that could

01:14:50.820 be a black swan event right you know you're not expecting it uh if you haven't read the book then

01:14:55.800 read the book it's called the black swan by nicholas uh or talim nicholas talab or something like that

01:15:00.300 anyway you can look up you know the black swan i've probably got the names backwards do you know

01:15:04.240 what a bug out bag is a bug out bag yeah i got a bag you know a bag with basic essentials like on the

01:15:12.860 go there you go yep all right so i mean like these are all things that you should you should have lined

01:15:19.800 up you should have cash reserve you should have guns maps you defend yourself you should have map i mean

01:15:25.360 what happens if the cellular network goes down like most people don't even know how to read a map today

01:15:29.480 right i know how to read i used to read maps before when when my mom used to work for dominoes

01:15:35.220 and i'm talking about way back in 05 04 and sometimes my mom would buy a map of the city

01:15:40.380 right but i mean if you look at it i look at the map in a while most people still rely on gps in

01:15:45.980 their car or their phone right i mean you have 100 people i guarantee you like at least 90 of them

01:15:51.540 won't know how to read a map yeah it's gonna be really fucked up right so like all the all the 0.99

01:15:59.400 preppers that you see these prepper shows on tv and i guarantee you the prepper channels are 0.74

01:16:03.260 gonna get lots of traffic you know like right event you know especially after it they're probably

01:16:08.560 smug as hell right now they're laughing their asses off but um yeah man you know just learn from

01:16:14.640 this event it's it's probably not going to be that bad right like it's not right a deal it doesn't 0.99

01:16:19.380 seem like that big of a deal it could get worse but um you know you're basically a cork floating

01:16:24.880 down the river right now there's not much you can do man i know yeah i hate being like that right

01:16:29.880 now it sucks don't yeah but but hey the electricity is still on and there's still stuff at the store so

01:16:36.080 yeah you're not hopeless now now you go do exactly what rich said go go get your bug out bag put it

01:16:41.980 together and then you know find some friends in a rural place where there's water learn learn

01:16:49.040 combat skills too the only rural rural place that i know is uh west the western part of new jersey

01:16:57.020 like warren county uh hackett's hackettstown or um white new jersey pa land sure whatever wherever

01:17:05.400 that's up to you man you gotta figure it out on your own yeah but yeah all right well thanks christian

01:17:11.280 appreciate it thanks it's good to see on the internet finally thanks man thank you thank you guys take

01:17:16.160 care here's a regular uh yeah they show up uh see we got we got daniel here we'll throw him on and

01:17:22.920 then we'll then we'll wrap it up daniel what's up man hey what's up gentlemen hey hey quick question

01:17:29.220 so i'm new to the stock market thing uh but i just came across the uh robin hood app i was wondering

01:17:36.120 what you guys think about it and what percentage i mean i know everyone's uh situation is uh different

01:17:42.880 but uh let's say you have 40 grand in cash uh how much percentage would you say would you drop in

01:17:50.880 in the stock market now oh it all it depends on i mean do you how much what's your debt situation like

01:17:57.700 do you have any high interest bearing debt do you i mean what do you got you're debt free okay uh do

01:18:04.160 you you got any uh so no mortgage do you have a mortgage do you have a house none none okay do you want a house

01:18:12.880 yes you do want a house do you know where you want to live yes you do then what i would be doing i

01:18:20.900 wouldn't throw all your eggs into a down payment on a house but that's that's your down payment money

01:18:25.460 so i would spend your time especially now with you you're sitting pretty with 40 grand cash all this

01:18:30.740 dry gunpowder and hopefully this it's not just stocks that go down in value but housing prices that go

01:18:36.000 down in value but if you know the town in the area you want to live and you have 40 grand cash i'd be

01:18:41.500 using that as kind of uh as down payment money but i would also diversify a little bit maybe throw at

01:18:47.060 least five or ten grand a little some of it into the stock market you know keeping in mind it could

01:18:52.100 go down and this is the worst financial advice i've ever given everybody and you're guaranteed to lose

01:18:56.260 your money but i'd be i'd be in the housing market is what i'd be doing looking for that so i mean i will

01:19:02.460 be a first-time home buyer honestly i do i will not have to put it like a 20 where do you live in the

01:19:07.200 states or in canada yeah yeah north carolina okay well you here's the thing that but i know you

01:19:13.240 won't have to put 20 down but if you don't put 20 down you got to pay mortgage interest uh i'm sorry

01:19:19.280 mortgage insurance not mortgage insurance um and depending on where you are in north carolina

01:19:24.560 prices are going to drastically differ but you don't want to be paying mortgage insurance um because

01:19:30.620 that's just like added interest payment on on a mortgage so um especially you're don't be in a

01:19:38.020 rush for this at all go find a realtor go look around at prices be patient your weight uh because

01:19:47.420 i i don't think prices are going to be going up with with the coronavirus out there hey who knows

01:19:53.400 prices are going to go up i think they're going to pull off some and at the same time when it comes

01:19:57.180 the stock market i i'm sitting on a lot of cash now i mean i bought one or two positions i i bought

01:20:03.900 two i sold the second one i made some money on it but i'm really waiting for the market to dip below

01:20:08.580 16 000 right now for the dow anyway so going back to the robin hood app so are you what do you guys

01:20:16.060 think about it i mean because it's asked a lot of personal questions like my personal information

01:20:20.560 like my social security number and all that no no we don't want that no no that's all know your

01:20:26.520 customer stuff it's standard right i mean before you open up anything with a investing company you

01:20:30.880 gotta you gotta give them all your details it is what it is yeah are you saying are you saying

01:20:34.760 robin hood wants that information yes yeah oh yeah that's normal yeah i thought you meant you we

01:20:39.900 wanted that information like no no no no no that's that's normal that's that because you gotta they

01:20:44.800 gotta report your income to tax to the irs and all that other stuff so that's that's normal

01:20:48.920 okay awesome all right man thanks i appreciate you guys thanks so much take care thanks dan um let's

01:20:55.020 do one more real real quick because i got dave on he's in my community i don't want to let him down

01:20:58.480 here so quick question dave yeah you're on i'm on okay yeah um with aaron moving from minneapolis st paul

01:21:10.580 to uh south dakota it seems like that's a almost another climate shift into from cold to colder

01:21:17.380 you all think it's just texas california new york and now the other cold state no it's it's warmer

01:21:28.480 out there because it gets a chinook effect off of the mountains okay because because i live in

01:21:33.180 washington and i i'm looking at other places to go to uh from this liberal area to some what more

01:21:40.560 conservative and i'm i'm not looking forward to to harsh winters what uh what are you in seattle

01:21:47.280 washington i'm just i'm just warm they got a very favorable tax system yeah you could stay in

01:21:54.800 washington i mean what about spokane or uh wenatchee i mean do you want a big city or you want something

01:22:00.240 smaller or what you guys nice i've been there yes spokane's nice but the problem is you're within

01:22:05.960 the border of all the liberal crazy wackos in seattle so you know even though eastern washington

01:22:12.520 is much more gun friendly and much more um traditional uh you know craziness over here is 0.97

01:22:18.700 just you know insane i'd i'd go if you like washington state um every major metro is a a leftist 0.99

01:22:27.880 marks a shithole that's just how it is sometimes literally literally a shithole because you're 0.99

01:22:33.320 stepping over shit and i've been to seattle and tacoma it is shit uh but yeah if you don't want 1.00

01:22:38.880 to leave washington state i don't think you have to because your your main thing is going to be 0.99

01:22:43.480 your state income tax which they don't have yet yet but if they do have that then you could move

01:22:49.780 again then you're looking at like texas i still am a big fan of nevada because you have las vegas

01:22:55.480 is a huge metro town it's open 24 seven well not now but it's wonderful it's very hot during summer

01:23:00.880 but there's no state income taxes texas is good uh rich you mind if i don't mean to plug a book but

01:23:06.560 it would help them yeah good i gotta you might want to read this or just look at the charts

01:23:12.520 it's called reconnaissance man what i did is i broke down the united states um methodologically

01:23:18.780 on the best places to go and live for a gun gun-minded freedom-minded low-tax-minded type of people

01:23:25.200 what are the top three top three uh well that's where i i didn't come up with the top three

01:23:31.700 okay because that's my personal the it boils down what were your personal picks vegas south dakota

01:23:38.000 um and florida specifically rapid city or the black hills area of south dakota las vegas nevada and then

01:23:47.340 um saint petersburg tampa area of florida but again dave is not me and i am not dave but the the book would

01:23:54.520 it whittles it down like tennessee some people love tennessee i'm not a big fan of texas some

01:23:59.520 people love texas phoenix that has state income texas but it's a wonderful town arizona is a

01:24:04.900 wonderful state uh so there's and they like their guns too so uh there's he doesn't have to move out

01:24:11.020 of washington but yeah there's a lot of nice warmer places than washington state well i was i was

01:24:16.620 considering uh nevada probably in the reno area versus las vegas um i have lived in central texas

01:24:23.660 for a while so i know what that environment's like but it's all the crazy californians are moving to 0.94

01:24:28.500 austin so that kind of tells you where that's going yeah you know that's gonna go south real quick

01:24:32.980 it already has and a lot of people are upset okay but uh

01:24:38.620 but uh there you go the other the other thing i'm kind of a prepper but not really a full you know

01:24:47.360 crazy foam with the mouth prepper but uh what do you think about tailoring your preps for your the

01:24:54.800 most likely scenarios like on the east coast would be hurricanes and ice storms yeah why wouldn't you

01:25:01.700 yeah yeah i mean that's i mean like you're not going to prepare for earthquakes and you know

01:25:07.860 south dakota right unless they get them there no i don't know they don't they got one in utah though

01:25:12.140 yesterday but not yeah no it it depends but mobility is another huge thing and i'd and the

01:25:20.100 having a network of people um jack donovan's book the way of men is very key if you're going to prep

01:25:27.340 read that book because it shows look we can all be lone wolves but in the end you're going to need

01:25:31.440 people in teams if for any other reason that you can take sleeping and watch shifts and not worry

01:25:37.700 about you know so that's i i wonder when you know yeah okay the water will go out if there's a hurricane

01:25:43.900 on the east coast but um if if you just do a simple basic modicum of prepping you're you're beating

01:25:51.900 98 of the population yeah uh so i and and you're gonna be in way better shape so you got guns you got

01:25:59.000 food you got water yep you got some gold or some silver you got some metals a little bit yeah i

01:26:05.440 mean you're better off than like you know like you said like 95 of the people out there yeah i want to

01:26:10.820 i want to get more uh precious metals because i think that's going to be a a hedge in case of a real

01:26:16.460 ugly scenario but it could also be for an economic collapse too yeah but yeah i mean it's not a great

01:26:24.820 store of value but it's you know it's better than nothing it's better than sitting on bills

01:26:28.520 underneath your mattress i mean well if you had a couple of ounces of gold and nobody else had

01:26:33.380 anything you'd be like the one i'd met the one i king you know yeah indeed yeah there you go all

01:26:40.780 right thanks dave thanks all right uh apologies to anybody sitting there waiting we're gonna we're

01:26:46.500 gonna wrap it up uh just gonna hit on this one real quick super chat here uh hang on just make

01:26:54.520 sure i uh catch everybody before we go it would be a good place to start investing in the current

01:26:58.160 situation if you have little money i don't want to miss out if you have little money i get a lot of

01:27:03.540 guys are like you know i got 2 000 i got 5 000 you're not going to turn into a million dollars you're

01:27:07.840 not going to turn a hundred thousand dollars you like even if you choose right you buy the right

01:27:11.600 stocks you might double it right so don't think for a minute you're going to turn like five grand

01:27:16.440 into a hundred grand you're going to turn five grand into ten if you're lucky um just get on the

01:27:21.980 backs of giants you know like aaron said before you know buy the index or you know buy the uh buy the

01:27:27.920 berkshire hathaway stock you know uh warren buffett knows what he's doing i mean the the class a share

01:27:33.040 has never been split so you're not going to be able to afford that but grab the class b or

01:27:36.360 you know hop in on that and just hold on for the ride if you want i this this presupposes he has an 0.97

01:27:42.880 emergency fund um every every person out there should have what i call a micro fuck you fund 0.99

01:27:47.800 yeah everyone thinks fuck you money you know i'll have two million dollars well if you're going to 0.99

01:27:53.560 run into a lot of shady bosses and lying bosses and and impossible working situations you need 0.99

01:28:00.200 six months living expenses i'd say so if anytime you walk into a job and they and and you're living

01:28:07.200 you know like oh i paid i and maybe you were very good i paid off my credit card debt i no longer have

01:28:12.100 six thousand dollars in credit card debt yeah but you got zero money now and now you have to treat this

01:28:16.920 sadist boss in this job you hate and detest and loathe for three months so i would always even if you

01:28:24.540 have credit card debt have six thousand dollars cash you know or six months living expenses i should

01:28:30.020 say rather so that if you ever like you don't have to be a beggar you could be a chooser at least 0.95

01:28:35.600 somewhat when it comes to a job but if you got that micro f you money and you got some extra money

01:28:40.560 left over yeah you know berkshire hathaway whatever but don't don't expect to make it a ton of money

01:28:46.660 and it could go down and it could go down got a got a hiking question for you so let's make this the

01:28:52.180 last one and we'll wrap it up uh looking for places to travel southern states next winter where

01:28:56.420 should i go looking to do some hyping um hiking it's the southern states it ain't that great you

01:29:02.780 got your appalachian smoky mountains that's about it so the best bet you're going to have

01:29:06.680 is going to be tennessee i really like knoxville tennessee it's not as crowded as atlanta you're right

01:29:13.060 up against the smoky mountains national park and you can go down to ashville north carolina that's

01:29:18.380 another beautiful town um and you can kind of putz around in there uh you i mean if you want to

01:29:23.740 do the appalachian trail you can i'm spoiled rotten going out west all the time uh so the the smokies

01:29:30.420 are a little pat on the head uh otherwise you get a florida it's flat there's nothing to hike

01:29:35.500 alabama mississippi kind of same thing i know everyone has the nice little parts they can go hiking

01:29:40.500 but you really got to be in the in the thick of the smoky mountains if you really want to do any

01:29:44.780 hiking otherwise for fun i mean if you've never been there i'd spend some time in florida um i think

01:29:51.620 if you spend three weeks in florida hitting all the different major towns you see what beach life is

01:29:55.940 like but you'll soon realize it's basically old people and what chain restaurant do you want to eat

01:30:02.200 but st petersburg tampa miami fort myers these are these are fun little towns or big towns actually

01:30:09.440 uh atlanta's too big i wouldn't deal with it if you want more of a slow pace charleston uh and um

01:30:16.600 raleigh i like raleigh a lot too uh but um i would i would avoid mississippi and alabama all together

01:30:24.160 kentucky meh tennessee yes the east side of it is there a trail that runs up the appalachian spine

01:30:31.820 yeah appalachian trail yeah it's like 1200 miles or something you know yeah but that's what i do it's uh

01:30:38.420 but if you want something cosmopolitan basically commit yourself to going to florida all right uh

01:30:44.540 erin don't go anywhere just yet i want to have a chat with you when we get off the air here just

01:30:47.620 want to quickly shout out to uh channel sponsor just to say thank you to uh scott uh grandike soap

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01:31:09.820 marketplace it's not going to solve your problems you're still going to need game and to uh look

01:31:12.940 decent in a pair of clothes but uh consider it if you've enjoyed this broadcast helps uh create more

01:31:18.780 of it thanks for uh watching aaron thanks for joining me thanks sir yeah i you get all the cool

01:31:24.000 urls man cooper soap look at that i don't know that's i didn't even have to set it up man he took

01:31:28.280 care of it for me jeez you know set it up just you know throw it up there and i'll take care of

01:31:32.400 it for you so he's a great guy so you know i can't thank him enough um yeah uh hang on i want to talk

01:31:37.800 to you when we're off the air i got a video that i'm released tomorrow that you guys should be watching

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01:31:54.180 uh give me a recommendation happy to hear it see you guys in the next one peace

01:31:57.780 all right

Playing to Win - March 02, 2022

011 - Aaron Clarey

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