Playing to Win - 090 - Sergiy Shchavyelyev

00:00:00.000 All right, guys, we're live back to Plain to Win, podcast episode number 90.

00:00:08.020 I am joined here with my friend, Sergey.

00:00:10.420 Hi, Richard.

00:00:11.060 What's up, my brother?

00:00:12.680 One of the first podcasts I've ever done in real life in person, face-to-face.

00:00:16.740 So this will be a first.

00:00:19.160 We've got cameras and mics and all kinds of things we're testing out in this new space.

00:00:23.700 And I want to introduce you to Serge first and tell his story because he's pretty remarkable.

00:00:28.740 He's a guy that you don't know that you should know, and you'll get to know him pretty well by the end of this podcast episode.

00:00:35.400 Following this podcast episode, we haven't decided whether he's live yet or not.

00:00:39.860 We're going to start another podcast together talking about cars, which we'll get into as we kind of develop through this a little bit here.

00:00:46.700 But this particular podcast, Serge, is really about playing to win versus playing not to lose.

00:00:53.620 Most people in life that don't get great results out of life, they play not to lose and kind of just play it safe.

00:00:58.680 You're definitely playing the win guy.

00:01:00.540 I met Serge, I think it was last summer, last July?

00:01:05.500 May.

00:01:06.100 June.

00:01:06.920 June.

00:01:07.100 June.

00:01:07.620 Some of the win apps at Saturn Drive.

00:01:09.860 Okay.

00:01:10.620 If you guys are having any problems getting feedback, hang on.

00:01:13.240 I'm getting people saying there's echo.

00:01:15.680 I wonder if it's because, oh, you know what it is.

00:01:18.240 It's echo.

00:01:18.860 It's picking up on both mics.

00:01:20.180 It doesn't matter.

00:01:25.040 We'll live through it.

00:01:28.300 Is the echo brutal or can we push through this?

00:01:30.660 Because we're kind of testing and tuning.

00:01:33.300 I disconnect my mic and when I talk.

00:01:35.200 No?

00:01:35.300 No, you're going to need your mic on to sort of push through this.

00:01:40.960 Can you lower the volume on his mic?

00:01:43.360 Maybe that'll reduce the echo a little bit and I'll do the same on mine.

00:01:46.660 Let's see if we can get this thing fixed.

00:01:47.980 Kind of a test and tune as we go, ladies and gentlemen.

00:01:52.280 It is what it is.

00:01:53.080 It's going to be our partial news.

00:01:54.500 Anyway, if it's brutal, let me know in the chat.

00:01:56.340 I'll keep an eye on it over here.

00:02:00.140 Okay.

00:02:00.700 Yeah, so it sounds like it's fine.

00:02:02.020 So you came from the far east.

00:02:06.520 Let's start with that.

00:02:07.380 You came to Canada. 0.93

00:02:08.260 How old are you?

00:02:09.200 So 15 and a half, turning two, three months away from being 16.

00:02:14.680 And Russian-Ukrainian background.

00:02:16.580 So Russian-Ukrainian, partially Jewish background,

00:02:19.360 which I found out much later when I was actually in Canada.

00:02:21.960 So there's a bit of a twist of that.

00:02:25.060 Yeah, Odessa, Ukraine, currently in the war situation, as everybody knows.

00:02:30.360 Yeah, we'll talk about the proxy war in the show, too, I think.

00:02:32.780 So we've got a good 90 minutes.

00:02:35.240 So your family came here?

00:02:37.500 Or did you?

00:02:38.140 So I immigrated with my, I'm his only child.

00:02:41.220 So my father and my mother, 1999, November 22nd.

00:02:44.760 We basically came around here.

00:02:46.680 And that's it.

00:02:47.940 On the day 42, I think I was working.

00:02:50.100 And what did you start doing when you got here to school?

00:02:52.900 Or did you start working?

00:02:53.420 So I went to high school.

00:02:55.940 I think it was grade 11 for me, just before the 12th and the OACs, 0.94

00:03:00.160 which is a dumb credits for no reason in this country. 0.88

00:03:03.260 But it is what it is. 0.93

00:03:04.480 You know, I just got a part-time job on a day 42 when I was here, literally like right after New Year's, grocery store, $5.25 an hour.

00:03:13.740 Same time, I started, you know, basically a second job at maybe not the same time, but maybe like two months later for $5.45, which was increasing wages at that time.

00:03:26.760 And then Dominion store, same groceries.

00:03:31.220 Same time, I was doing my lifeguard and swimming instructor classes.

00:03:35.840 Oh, man.

00:03:36.620 Yeah.

00:03:36.800 That's where that's, that's the origin story of the lifeguard saving lives came from.

00:03:41.080 Well, part of it.

00:03:42.120 And then we'll save that for the car podcast.

00:03:43.660 Sure.

00:03:43.840 Yeah, because that happened on the most recent rally.

00:03:47.080 Yeah, we have some wicked stories to tell.

00:03:49.680 And before we get into like the car stuff and the rally stuff, we're at the Flats Club.

00:03:55.040 Can you guys switch over to the wide angle for both cameras for me for just one second there?

00:04:00.020 I'll just switch over to Solo later.

00:04:01.980 You guys let me know if that works a little bit better for the visual in the chat.

00:04:06.280 As you can see, we've got the Flats Club above him.

00:04:10.700 Serge opened up.

00:04:11.680 Is this one of the biggest ones that we have in Toronto now?

00:04:15.760 As a car club, I think it's the biggest club.

00:04:18.980 Hagerty is one of them, but they do mostly store.

00:04:21.900 Yeah.

00:04:22.280 And their club is a little bit different setup.

00:04:25.120 But if you're talking about Norse-wise, that's the biggest club.

00:04:29.600 So before we get into like the details of the car club and what you're building here,

00:04:33.480 the rallies and everything that's, you know, sort of been going on,

00:04:35.640 talk me through the ascent of Sergei because there's a lot of people that come to Canada.

00:04:43.480 They look for better life.

00:04:44.280 They come to North America, the States, whatever.

00:04:45.720 They want to get away from the bad things that are happening in their countries, in their world.

00:04:50.540 They look for better opportunities.

00:04:52.020 And, you know, here you come as a teenager.

00:04:53.660 You're entering the school system.

00:04:55.020 That must have been tough with, you know, the language barrier.

00:04:57.200 You still got a pretty good accent.

00:04:58.320 First three days, seven fights.

00:05:04.560 Are you a fighter?

00:05:05.420 Do you know how to fight?

00:05:06.320 Yeah.

00:05:06.640 Good.

00:05:07.160 What discipline or is it just street fighting?

00:05:09.320 So I had my black belt in Taekwondo, but in reality, I do Muay Thai.

00:05:14.560 So I competed on Ukrainian nationals from Muay Thai when I was 14 and 15 into national championships.

00:05:20.620 Okay.

00:05:21.520 And then talk to me about the ascent of, you know, yourself sort of like through school,

00:05:25.940 away from the grocery store to the sorts of things that, you know, you've gotten into

00:05:30.500 today because you own a private mortgage company.

00:05:33.060 It's publicly traded.

00:05:34.160 You're raising more money.

00:05:36.500 You're a guy that, I mean, there's people out there on the internet that always like

00:05:40.460 buying cars or buying cars, but you're a guy that nobody knows of.

00:05:43.160 How many cars do you have on route right now?

00:05:45.440 So I think it's 28 now.

00:05:47.260 28 cars.

00:05:48.280 Yeah.

00:05:48.420 So you're pretty much up against a guy by the name of Andrew Tate.

00:05:52.560 Yeah, more or less.

00:05:53.180 He's got like 30 plus in inventory and work coming.

00:05:56.580 He's got some interesting hyper cars, but you're pulling in a lot of toys to build this

00:06:02.380 club to use for future events and plans, you know, things that we've talked about as well.

00:06:08.240 But how did you get to the point where, how old are you now?

00:06:11.900 39.

00:06:12.300 How did you get to the point where, you know, you come to Canada as a teenager?

00:06:20.760 Degrees.

00:06:21.200 Three completed, three unfinished.

00:06:23.980 And what are the degrees?

00:06:25.800 So my high school here, bachelor's in law back home, simultaneous times, because back

00:06:31.840 home in grade 11, you finish.

00:06:33.360 Here in grade 11, you have to do 12.

00:06:35.340 You're an OEC, so basically 12 and 13.

00:06:37.880 Obviously, you know, I'm here.

00:06:39.700 I'm back home already doing my law degree.

00:06:41.420 I'm still in grade 12 here.

00:06:43.200 Second year in university, I'm finishing OECs here.

00:06:45.840 I'm third year in university.

00:06:47.000 I get picked, I get booted out of campus there, get picked up by military school into special

00:06:52.100 services, then specifically deliberately failing that, going back into school there.

00:06:57.160 Here I'm in the college.

00:06:58.220 So I'm challenging with my unfinished bachelor diploma, Seneca College route of paralegal,

00:07:04.040 acing all the exams, doing my paralegal three-year program in college within six months,

00:07:09.200 getting my paralegal, finishing year three back home university bachelor's.

00:07:13.840 Doing paralegal here for next year, already working, finishing full bachelor's back home.

00:07:19.260 After that, second year paralegal here in Canada, Lancaster University in the United Kingdom,

00:07:26.020 unfinished degree for criminology.

00:07:28.240 So I'm already in the UK.

00:07:29.960 I'm just second year studying here.

00:07:32.000 Simultaneously here, I'm going to York University while I'm being worked as a paralegal for crappy

00:07:36.960 money, to be honest, at that time.

00:07:40.260 Going back for my psychology at York University.

00:07:42.460 Same time, night school, Ryerson for accounting, also degrees here, degrees there, psychology,

00:07:50.220 daytime New York, filling in, missing a bunch of school, trying to work as a paralegal full-time,

00:07:57.140 also flying in to do quarters, you know, at the UK.

00:08:00.520 So that's how it got.

00:08:03.100 Let me just hop in for a second here, and I think I know how to cancel out the slight echo

00:08:07.880 that people are having.

00:08:08.480 So I'm going to mute myself when Sergey's talking, so you don't have an issue with that.

00:08:13.000 That's a lot of school.

00:08:15.480 I've said before that you should never let school get in the way of your education, and

00:08:19.640 that sometimes confuses people, it even upsets some people as well.

00:08:24.140 That's a lot of school that you're sort of pushing yourself through.

00:08:26.840 Did you, you said that you only completed some of the degrees and you abandoned some of the

00:08:30.820 others?

00:08:31.280 Three done, three unfinished, yes.

00:08:32.800 So I dropped Lancaster.

00:08:36.000 Didn't really work for me as a UK system.

00:08:38.100 I did about a year, paid all the tuitions and everything else.

00:08:40.820 Didn't really like it how their education shapes out.

00:08:44.260 Same with Ryerson. 1.00

00:08:45.700 Pushed through a year and a half on the psychology, figured that shit isn't for me. 0.98

00:08:51.060 Nice to read people, nice to understand people, nice to get along with people, so the base 0.98

00:08:54.500 is there.

00:08:55.360 Didn't really like it.

00:08:56.480 Dropped out.

00:08:56.980 I like to try different things in my life.

00:08:59.840 That's so, you know, if you have a variety of what you're exploring in a young age, I

00:09:05.100 think it sets you to a pass of dislikes and likes.

00:09:08.660 And I didn't like a lot of things.

00:09:10.520 It's really my paralegal, you know, career at that time, while having a lot, bachelors

00:09:15.600 of law and having an actually a lot from back home, at the same time, I'm doing all this,

00:09:20.120 which actually fitted me with money more than I was making in Canada.

00:09:23.520 So I was, like, you know, balancing a couple of balls.

00:09:26.880 The problem was, there's not enough time for actual life, because you're balancing school

00:09:33.200 and you're balancing work.

00:09:35.380 Employed here as paralegal.

00:09:37.160 I'm doing real estate land registration.

00:09:40.100 So it's back in 2003, when we didn't have internet, when it wasn't even electronic.

00:09:44.820 You had to go.

00:09:45.440 How old were you when you were doing that?

00:09:47.020 So I was 21.

00:09:50.760 I was 21.

00:09:52.060 So 21, I already have my law degree back home.

00:09:55.220 I'm a certified paralegal here, and I have two unfinished degrees.

00:09:58.740 Okay, let me just stop on that for a sec, because I want to ask you about law.

00:10:01.260 Is law a viable career and profession for people to pursue in this day and age, in your opinion?

00:10:14.440 It's capped.

00:10:15.440 Let's just put it this way.

00:10:16.480 So my philosophy in life, it's all about choice.

00:10:19.860 We can talk about that for probably 10, 12 hours, just on choices of what brings you to,

00:10:25.980 you know, where you want to be.

00:10:27.760 Law degree is definitely a nice base.

00:10:29.920 I do not see lawyers, and I know lawyers who make a decent amount of money, but decent

00:10:36.640 is a perception of, you know, for you, maybe 150,000 to 100,000 is decent.

00:10:41.720 For somebody, it's a half a million bucks.

00:10:44.060 Lawyers and corporate insecurities make the most.

00:10:47.480 Sometimes personal injury law firms make decent money.

00:10:52.060 But it's still capped.

00:10:53.620 There's a ceiling.

00:10:54.660 I don't like ceilings.

00:10:55.940 So I didn't bother with it.

00:10:57.280 Yeah, I have, sorry, let me just, can you just step over a sec?

00:11:02.880 Is my screen working over there?

00:11:06.700 Yeah, just minimize the other one.

00:11:07.920 Okay, yeah, just leave it over there.

00:11:09.700 Okay, yeah, because I'm having an issue with my screen over here.

00:11:11.780 It just crapped out, but it looks like the feed's good.

00:11:13.760 Sorry.

00:11:14.420 Carry on.

00:11:15.520 Yeah, so basically, ceiling is a problem for me.

00:11:18.380 I don't like ceilings.

00:11:19.200 I don't like caps.

00:11:20.160 Yeah.

00:11:20.780 A lot of degree.

00:11:21.920 If you're looking at 300, 400,000, that's, okay, even not that.

00:11:26.740 Junior Lure starts at about 65 to 65 in Canada.

00:11:30.640 Career fully juiced about 200K, 250.

00:11:34.580 It might be a good number, just not good enough for me.

00:11:37.100 So nice base to know the documents, nice base to know the contracts, nice base to figure 0.98

00:11:43.760 out, you know, that you don't got to get fucked in life, basically. 0.97

00:11:48.120 But just, I don't like to be capped. 0.98

00:11:50.740 So that wasn't completely understandable.

00:11:53.360 Yeah, I mean, I know quite a few lawyers.

00:11:55.540 My ex-wife is a lawyer.

00:11:56.340 I had a guy on the other day on a plane to win podcast that owned a law firm in Sacramento,

00:12:00.920 California.

00:12:01.820 A bunch of lawyers sold it, got out of Canada, sorry, got out of California and went over

00:12:05.180 to Thailand.

00:12:06.460 Wants nothing to do with law.

00:12:08.480 I know a lot of people look for a professional designation as a path to success, to winning

00:12:14.120 in life sort of thing.

00:12:15.920 But I think the blockchain is going to change a lot of that.

00:12:19.180 What do you think about blockchain, you know, technology with smart contracts and stuff

00:12:22.960 like that, putting some lawyers or maybe quite a few lawyers out of work in the future?

00:12:28.200 It definitely simplifies things.

00:12:29.880 I don't think it's going to put anybody out of work in reality because...

00:12:33.280 Like simplifying simple contracts.

00:12:34.660 Yeah, simplifying simple contracts for sure.

00:12:37.460 Let's give you an example.

00:12:39.000 Let's say you're in a divorce situation.

00:12:40.480 You're negotiating.

00:12:41.400 The simple contracts are not going to do it for you unless you already, you know, prearrange

00:12:45.220 everything and you guys exactly on two terms and everybody agrees to everything.

00:12:48.980 Then, yeah, maybe it works.

00:12:49.940 But if you're in dispute, technology or blockchain is not going to solve your problem.

00:12:55.020 You need people to talk on your behalf, your emotion.

00:12:57.620 This is just one of the examples.

00:12:59.060 I can give you thousands of examples why it's not going to happen.

00:13:01.980 Security law.

00:13:02.980 Like I'm paying my lawyer $1,500 an hour plus HST.

00:13:06.840 I think I paid close to $900,000 last year in billables.

00:13:11.560 Just to give you an example.

00:13:12.980 But the firm, it's up 50% of it.

00:13:15.060 The lawyer ends up is $450.

00:13:16.500 The lawyer has two clerks to carry.

00:13:18.920 What is she going to get out of a client like me who pays $900,000?

00:13:21.680 Probably clean cut, $200.

00:13:23.620 She carries about 10, 12 clients.

00:13:25.380 Okay, so she's at a million change.

00:13:27.280 Okay, call it $2 million because like she's top three Canada wide, like the lawyer I use. 0.98

00:13:32.060 So she bills, she's like over $2 million. 0.98

00:13:35.240 By the time you hit taxes at 52%, you're still left with a million bucks after all of those fancy clients.

00:13:40.360 You're billing at eight mil.

00:13:42.320 Company takes half.

00:13:45.400 Corporation takes.

00:13:46.480 Then you have legal assistants who've got to eat because you can't choose.

00:13:50.240 So it's still a cap.

00:13:56.460 Yeah, yeah.

00:13:57.360 And it looks like private mortgages and real estate investing is the path that you've chosen from what I see right now with Equity Line.

00:14:05.260 You know, it's interesting because when I was setting this up, I was trying to figure out some way to create this event and then present it to the public so I could, you know, you always want to have some sort of like a title that makes sense to people.

00:14:19.200 So I started Googling your name.

00:14:20.460 Your name's, I can't even pronounce your last name.

00:14:22.640 I probably never figured out Serge, so I'm just going to keep calling you Serge. 0.75

00:14:25.640 But the thing with the internet is it finds everything when you put in a name like yours, right?

00:14:30.880 So come across some stuff, read some press articles, come across some social media.

00:14:35.720 Now, 2014 is when you started to use Instagram.

00:14:41.360 You know, that's what I noticed.

00:14:42.720 And one of the first posts that you made was new toy.

00:14:46.300 And new toy is something that you bring up in our WhatsApp group, you know, with the boys or the rally and sort of stuff like that with the orders that you've got.

00:14:52.620 And this was a Lexus ES, I think it was.

00:14:54.920 I don't know if you remember.

00:14:55.440 It was a black Lexus.

00:14:56.220 It's a black Lexus ES.

00:14:57.120 So the kind of toys that you're talking about today in 2023 versus 2014, nine years ago, are very different.

00:15:06.240 You've got like 28 of these toys.

00:15:07.740 We're talking Lambos, Ferraris, multiple rare low production vehicles that are very difficult to get.

00:15:15.860 You're a bit of a facilitator too.

00:15:17.800 I've always told you guys, you know, in the past your net worth is your net worth.

00:15:21.280 And I've always wanted to get my hands on a Spyder RS.

00:15:29.960 You know, we talked and we bantered a little bit back and forth about it.

00:15:32.360 And you've managed to facilitate through one of your connections an order.

00:15:35.460 So that'll be coming in March.

00:15:36.880 But you're well connected.

00:15:38.640 You have access to all these cool cars.

00:15:41.260 You've got this mortgage network.

00:15:42.620 You're building it out.

00:15:43.340 You're trying to get on more exchanges.

00:15:45.420 How the hell do you do all this stuff?

00:15:47.020 Like this is a lot for people to comprehend.

00:15:51.380 Like people watching this right now, they're a little shitty setup and the problems with the mic and the video and everything.

00:15:56.120 We're sort of testing right now and work with those guys.

00:15:58.360 But, you know, we'll get through it.

00:16:00.300 But to comprehend the scope of the things that you do, and you're still alive, you're not dead with the amount of work that you're putting into this, how do you balance out the schooling that you had to go through with the multiple degrees, with the law firm, with the paralegal, with raising capital for...

00:16:30.300 I agree to understand law.

00:16:37.800 No.

00:16:38.020 All you have to do is deal with lawyers a few times, and you can pay the lawyers, you know, $1,500 an hour, $1,000 an hour to deal with your issues.

00:16:44.240 That's what I do.

00:16:44.660 So you don't have to deal with them.

00:16:45.440 I have six of them.

00:16:46.360 Right.

00:16:47.420 And that's how successful, smart entrepreneurs deal with this sort of stuff is they don't go and get an accounting degree and take care of their books.

00:16:55.760 They hire an accountant.

00:16:56.380 They don't go and get a law degree and deal with the legal issues.

00:16:59.100 They hire a lawyer, and it frees you up for the other stuff.

00:17:02.200 However, you do have to have some understanding of where you're being put to because lawyers don't make...

00:17:09.040 The basics.

00:17:09.780 You got to have the base.

00:17:11.400 So going back to school example, right?

00:17:13.660 So unfinished degrees there, here, Harvard, just a shitty, you know, financial accounting certifications.

00:17:21.260 It took me a year and changed to get all of that.

00:17:23.660 But it's a Harvard, you know, made my parents basically proud.

00:17:27.040 Same time.

00:17:29.660 Are they more proud of the Harvard bit versus everything else you're doing right now?

00:17:33.380 It depends.

00:17:34.080 My mom was a Gemini, so it's seven days on a Friday day. 0.94

00:17:37.780 So, you know, it's seven opinions in one day, basically.

00:17:40.740 It really depends.

00:17:42.020 You know, I did finish my master's in law as well.

00:17:45.240 So that was basically after I retired at 33.

00:17:49.160 What are you more proud of, the things you're doing today or the law degree from Harvard?

00:17:53.440 No, I think today.

00:17:54.440 Today is definitely.

00:17:55.440 I mean, I look back.

00:17:56.900 It's a nice base.

00:17:57.860 That's how I look at it.

00:18:00.620 I like ceilings.

00:18:01.940 Like, that's my problem.

00:18:03.360 And base is great.

00:18:05.240 Law degree, financial accounting, sure.

00:18:07.240 It helps out.

00:18:07.820 So what it really does, it gives you those check marks for people in the financial sectors

00:18:12.320 or who are higher ups than you to look and choose that, you know, okay, you've done something

00:18:17.000 in life.

00:18:17.720 There's a certification or a diploma or just a check mark saying that, okay, you're not 1.00

00:18:21.900 an idiot. 1.00

00:18:22.720 That's basically what it is. 1.00

00:18:24.360 All that I get, I hang out with older people.

00:18:27.780 That's number one.

00:18:28.400 Most of my friends were a lot older.

00:18:30.200 Let's just hover on that for a second because, again, you know, the podcast title is Playing

00:18:34.080 the Win.

00:18:35.020 And I've often said, you want, like, you don't want to be the smartest person in the room.

00:18:39.120 If you're the smartest person in the room, you're in the wrong room.

00:18:40.940 Put yourself in the better room.

00:18:42.020 Absolutely.

00:18:43.920 Older people, as often as the internet likes to frown upon them and they call them names

00:18:49.020 like boomers or they'll make fun of them because they'll say that they're outdated.

00:18:52.420 And I could, you know, I can understand with guys like Joe Biden who fall asleep at the

00:18:55.800 microphone, right?

00:18:56.900 But there's people that bring a certain level of experience from mistakes and life choices

00:19:04.440 that they make that can be useful to you.

00:19:07.040 So you chose to surround yourself with smarter, older people or was that accidental?

00:19:12.040 Like, when did you discover that?

00:19:13.140 See, so going back a little bit to part of legal stuff, I used to do land registry and

00:19:17.820 I see as a real estate agent, you know, my age, older age come in 15 grand, 20 grand

00:19:23.660 per transaction. 0.98

00:19:24.320 I'm working there for 38,000 a year and I'm like, and I'm correcting their shit on the 0.99

00:19:28.200 contract. 0.96

00:19:28.560 So I went, I got my real estate diploma, basically courses.

00:19:31.860 I'd finished my finance at the same time.

00:19:33.780 And I just went and being a real estate agent at that time being 23, yeah.

00:19:40.780 Being 23 at that time, every client you're going to get when you just put up a general

00:19:45.700 ad is typically older than you.

00:19:47.480 So you're automatically surrounding these people who are 10 to 15 to 20 years off your

00:19:53.280 age.

00:19:53.400 It's a hack.

00:19:53.900 Would you call it a hack?

00:19:54.980 Yeah, more or less because people in their 23s or 25s are not buying condos or houses.

00:20:01.220 They don't have the means for it.

00:20:02.380 So if you're providing a services to somebody, it's typically people at least 35 who are buying

00:20:09.260 a home.

00:20:10.260 You're automatically talking to those people, you're doing services and you end up hanging

00:20:13.760 out with them.

00:20:14.760 If you're good at services, they're going to invite you to barbecue, home opening, home

00:20:19.320 closing, whatever.

00:20:20.260 You're doing open houses, you need exactly the older people and just develops a group 0.99

00:20:25.020 that's 15 to 15 years older.

00:20:27.020 Those people who are 15 years older already made their money to buy a house.

00:20:30.400 You're still, you know, sucking around those things and trying to figure out your life.

00:20:34.600 Obviously, if you're hanging out with people who have 15 years of age experience on top

00:20:38.620 of you, you get to learn a few things.

00:20:40.920 Now, obviously, what you want to do is you want to pick out of that group somebody who's

00:20:45.760 more wealthy, you know, to find out how they made the money.

00:20:50.260 One guy does this, second guy does that, third guy does that, and three out of five

00:20:54.760 does the same thing.

00:20:55.540 You're like, okay, that's probably makes sense.

00:20:57.940 Now you start researching it.

00:20:59.320 And, you know, house developments, did a few custom builds, probably did around 16 or 17

00:21:04.380 custom built homes.

00:21:06.480 Same time, when I got my financing stuff, started to leverage with certain forced mortgages,

00:21:12.120 corner properties, real estate up and rising, people couldn't pay the bills, power of sale

00:21:18.540 to yourself.

00:21:19.140 When did you start dealing with the mortgage stuff?

00:21:21.000 So that was 2006, 2007 mortgages, 2006 real estate.

00:21:24.980 Yeah.

00:21:25.200 So it was just before the crisis issues.

00:21:29.600 How's our feed over there, by the way?

00:21:31.340 It's good.

00:21:32.020 Thumbs up.

00:21:33.140 Chat's okay.

00:21:33.640 They can hear everything.

00:21:35.440 Yeah.

00:21:36.340 My computer crapped out.

00:21:37.980 I had to restart it, but I'll get back in on my screen in a second.

00:21:40.880 Again, this is practice.

00:21:44.500 So I used to do private lending when I was 2006, seven, eight, nine, I think it was.

00:21:56.700 Is that primarily what you got started with, was private equity lending?

00:22:02.600 I started as a real estate agent.

00:22:04.560 Then basically, commissions were great, if you know what you do.

00:22:08.680 Yeah, if you're doing a lot of deals.

00:22:09.680 And then, you know, at 23 years old, 24, well, 23 probably much at that time, to convince

00:22:15.240 a person who's 45 or 50, it's like, why they have to go with a kid.

00:22:18.560 You just say, well, guys, I used to work as a pearl eagle.

00:22:21.200 You throw the name, the firm you used to work for, and they say, the agents used to come

00:22:24.480 it to me, and I used to correct their contracts.

00:22:26.720 So you guys can be well assured that your paperwork will be intact.

00:22:30.680 That's basically one of the lines I keep on using for a very long time until you get

00:22:34.880 your track record on top.

00:22:36.760 And commissions, like I said, made my life, basically, decent.

00:22:43.620 And that was through the real estate?

00:22:44.700 Because the real estate transactions, you know.

00:22:46.980 Let me ask you this.

00:22:47.820 One of the things that almost all real estate agents, mortgage brokers, anybody in the mortgage

00:22:53.360 business, or tight end real estate, always struggles with is customers flow, deals, right?

00:23:00.480 So my background, a lot of people that watch my stuff really know this is that I was in

00:23:06.100 the collection industry.

00:23:07.160 I think I got in, it was 1993 or 4.

00:23:10.560 I spent about 10 years in it.

00:23:11.960 They gave me a package.

00:23:12.800 I went home.

00:23:13.960 But towards 99, 2000 or so, what mortgage agents started doing was they realized that there

00:23:20.940 was a lot of money to be made in seconds.

00:23:23.360 And they would go to the collection agencies, and they would tell the collectors, hey, if

00:23:26.320 you have somebody that's got debt, send them over.

00:23:28.960 If they're a homeowner, we'll refinance, pay out your debt, and we'll get them into a new

00:23:33.360 mortgage.

00:23:33.760 And everybody sort of wins.

00:23:36.540 And that was very profitable for a while for a lot of people, a lot of people.

00:23:40.560 And, but I did come to realize that most of them, like the vast majority, when I say

00:23:46.380 most of them, like, I mean, you can correct me if I'm wrong, because you spent more time

00:23:49.840 in it than I did.

00:23:50.280 But it seems like 98%, maybe even more of agents in that space, they have almost, like

00:23:56.700 they're scraping by.

00:23:57.480 They barely make enough deals to make any money. 0.86

00:24:00.220 How did you get customers?

00:24:02.360 Like, how did you acquire your leads in your business?

00:24:06.720 Network of people, like I said, they keep on referring you.

00:24:10.080 You close a house, you give them a TV.

00:24:11.860 They close a house, you follow up with them.

00:24:13.720 So just constantly bugging people.

00:24:14.980 You close the house, you give them a TV?

00:24:16.360 Yeah.

00:24:16.780 Why not?

00:24:17.580 Like, are you making 15 grand?

00:24:19.200 Well, what's the problem with giving $2,000 back? 0.99

00:24:22.700 Whatever, who gives a crap? 0.99

00:24:23.960 Right. 0.98

00:24:24.200 So give them something.

00:24:26.500 They feel appreciative.

00:24:27.680 They refer your client.

00:24:29.160 You give their referral fees.

00:24:30.740 And just, you know, your brother have a 50% of 100s and 100% of nothing.

00:24:36.040 Right.

00:24:36.880 So that's one of the formulas.

00:24:39.060 And real money I have made on developments.

00:24:42.860 It's not on the service.

00:24:44.020 On the development of condominiums.

00:24:47.780 So developing services and then land up.

00:24:50.700 Yeah.

00:24:51.040 Okay.

00:24:51.260 Basically, what has happened to me, there was a period of time when you're looking for homes.

00:24:55.440 So you're trying to sell somebody home.

00:24:56.560 You need different people.

00:24:57.440 Different people are different sectors.

00:25:01.320 Sell houses, you get commissions.

00:25:02.960 That's your livelihood.

00:25:04.100 Now you're going into commercial.

00:25:05.420 Commercial takes a very long time to buy or to sell.

00:25:08.460 Now, I acquired a commercial plaza for a gentleman.

00:25:12.880 And my commissions were like $650,000.

00:25:15.940 He was short about $500,000 for actually arranging finance.

00:25:21.260 So he goes like, well, you're making money.

00:25:23.300 I see, you know, you have some money.

00:25:25.100 Do you want to partner up?

00:25:26.160 You know, I'm missing half a mil basically to close.

00:25:29.140 And I'm like, well, that's great.

00:25:31.260 I don't really want to give you a loan.

00:25:32.420 But I'm happy to take a stake of 10%.

00:25:34.240 And I don't really need my commissions because I have a residential transaction of 10 grand, 20 grand, you know, paying me for my existence.

00:25:42.040 And the big chunk of $650,000 basically landed me a 10% of a stake.

00:25:46.880 I worked my ass out for like probably three years with respect to getting misspellet approvals, running after permits, consultants, and basically just staying on top of a project.

00:25:57.740 From $500,000, I made $7.6 million in three years.

00:26:02.540 In three years.

00:26:03.220 And that was off holding the units.

00:26:05.620 That was just rezoning the piece of the plaza and reselling it to a builder.

00:26:10.020 This was all in the GTA in Toronto?

00:26:11.380 This was all in Scarborough, yeah.

00:26:12.260 Do you think the housing market here in Canada and the greater Toronto area is in a bubble or is it going to keep going up?

00:26:23.300 It was in a bubble.

00:26:24.160 We had, what, 20% to 22% discount right now.

00:26:26.900 I think we're going to hit another discount in November, December, a little more.

00:26:31.680 Again, it depends on interest rate increases.

00:26:35.040 Let's see how our Fed was government is going to do.

00:26:38.520 That's a totally different podcast.

00:26:40.180 Let's talk about that because, I mean, you left the country for a better life in Canada.

00:26:47.560 Do you think Canada is a better life for people leaving a place like Ukraine or Russia? 0.96

00:26:54.560 It's more predictable.

00:26:55.820 More predictable.

00:26:56.700 Yes, it's a lot more predictable.

00:26:58.180 In what sense?

00:26:59.160 Well, in what sense, the government in Russia or Ukraine wakes up next morning and says,

00:27:03.340 well, your currency is no longer an occurrence. 1.00

00:27:04.940 We issued a new one, so you have 48 hours to change your shit. 0.99

00:27:07.640 And now here we have new dollars. 0.99

00:27:09.020 1991, Ukraine, dissolution of USSR.

00:27:14.720 So you had your rubles.

00:27:16.240 Now you cannot even change your rubles.

00:27:18.180 They only take except the hundreds.

00:27:20.180 So 50s, 25s, 10s, and 5s were not accepted.

00:27:23.540 So unless you had hundreds, you couldn't change.

00:27:25.480 And the change period was for a couple of weeks.

00:27:27.420 Right.

00:27:28.020 That's it.

00:27:30.420 Here's your head wealth.

00:27:31.520 Now you have nothing.

00:27:33.080 You know, it's interesting.

00:27:33.680 If predictability was more common, and I mean, we'll talk about the proxy war in a minute,

00:27:42.460 but if predictability was more common where you came from, do you still think Canada is a better place?

00:27:48.140 I know it's tough to answer because you've created a lot of success here too.

00:27:55.220 Well, my parents had a lot of success back home.

00:27:57.840 We had quite a few businesses.

00:27:59.960 We were fairly wealthy until basically, again, the dissolution of USSR and then everything else fell into a hole with Ukraine. 0.97

00:28:09.640 And Ukraine started to go up and rising in about 2003.

00:28:12.300 We left in 1999, which was pretty much one of the worst years to leave, actually.

00:28:17.000 It was bottom of a barrel.

00:28:19.800 I don't know.

00:28:20.280 It's hard to say.

00:28:21.440 For my parents, probably, yeah, it would be better.

00:28:23.500 For me, I grew up here.

00:28:25.140 So, you know, yeah.

00:28:26.980 Did I travel the world?

00:28:27.980 Yeah, sure.

00:28:28.340 I lived in Europe.

00:28:28.980 I lived in Asia.

00:28:29.880 You know, I go back home fairly often.

00:28:31.940 We still have, you know, a house and a condo there.

00:28:35.780 Do you think that the government policies and the direction that they are taking Canada in

00:28:41.460 are beneficial?

00:28:44.320 Like, would you, like, you've got kids.

00:28:46.180 Like, are you happy with your kids being here with the way that they're doing things?

00:28:49.980 Absolutely not.

00:28:50.800 No, I'm actually looking to Florida.

00:28:53.080 I'm actually looking to move to Florida soon.

00:28:55.140 That's why the New York company is going up.

00:28:57.360 I'm putting another person to run my Canadian fund.

00:29:01.940 I mean, it's not small, but it's not big.

00:29:03.920 It's like 68 million.

00:29:05.260 So, I'm putting somebody in charge to run my Canadian entities, and I'm slowly moving to transition to States.

00:29:10.880 What is it that's having you look to the States or Florida to...

00:29:14.280 It's a bigger market.

00:29:15.460 It's a bigger growth.

00:29:16.500 I mean, look at population, right?

00:29:20.540 Florida has a population almost the size of Canada, like, if you think about it.

00:29:25.420 So, what, $28 million, Florida-wise?

00:29:28.980 Yeah.

00:29:29.200 We had $38 million Canada-wide.

00:29:30.840 Yeah.

00:29:31.100 Ontario, 18 million people, you know, Canada.

00:29:34.740 And the policies as far as government, like, how do you see those factoring into that decision?

00:29:41.420 Well, it depends.

00:29:41.820 I mean, the tax rates here are high, right?

00:29:44.380 Tax rates are high everywhere.

00:29:45.480 There's no personal income tax in a place like Florida.

00:29:47.300 Yeah, but I'm corporate, right?

00:29:49.400 So, I don't do it personal.

00:29:51.520 I have very small personal income.

00:29:53.640 Yeah.

00:29:53.760 I have 16 different businesses, and my businesses pay for everything.

00:29:58.600 Interesting.

00:30:00.400 There's ways how to, you know, not to be bothered with personal taxes.

00:30:05.420 What's, you know, I get a lot of questions from young men.

00:30:08.020 They're like, how do I do what you're doing?

00:30:12.080 How do I get to where you're at?

00:30:13.560 They always want, like, give me A, B, C, D, so I can be you and drive those cars.

00:30:21.080 Sure.

00:30:22.280 What advice do you give to those young guys?

00:30:24.480 A, B, C, for simplicity.

00:30:25.820 You have your daytime full-time job.

00:30:27.640 Get your real estate license.

00:30:28.940 Do that on Saturday, Sunday, and evenings after work.

00:30:31.860 Yeah, it's tough, but until you get your clientele, which takes two to three years,

00:30:35.560 you cannot switch your career change.

00:30:38.060 Now, after you have your clientele and you see that real estate pays you two times more

00:30:42.100 than your day job,

00:30:42.880 now it's time to minimize a day job,

00:30:45.260 switch into a different career full-time.

00:30:47.900 Real estate is scalable.

00:30:49.280 You can get a team member.

00:30:50.580 You can coach people. 0.92

00:30:51.540 You can have five, sex, ten people.

00:30:54.300 At one point of them, I have 16.

00:30:55.280 Are you talking about real estate in the regard of?

00:30:56.640 Real estate agent.

00:30:57.200 Real estate license, real estate broker, real estate agent.

00:31:00.600 I did that.

00:31:01.520 I had 16 agents under me.

00:31:02.740 I still have my own real estate brokerage.

00:31:05.000 Do I work as a realtor?

00:31:06.260 Hell no.

00:31:06.680 Now, for my old, old clients who were with me for like 16, 17 years, maybe, or I just

00:31:12.020 maybe throw to somebody else for the listing and it just helps them out as advice, don't

00:31:17.280 really have the time right now to deal with that.

00:31:19.320 Like $40,000, $50,000 check, it's just not going to cut me.

00:31:23.660 Let's just put it this way.

00:31:25.980 Unless it's an old client who I know, it's like bang, bang, we're done in a weekend.

00:31:29.900 Sure, I go for 50 grand.

00:31:30.860 But if you're talking about like time wasters, which a lot of them, yeah, that's not happening.

00:31:36.540 And a lot of my clients know for the past probably 10 years, it's like, guys, unless

00:31:40.720 you really know what you want, I'm not bothering with you.

00:31:44.540 Is private lending, private equity lending, the sort of stuff that you do, is that something

00:31:50.460 that you would recommend after a few years in real estate?

00:31:53.420 Is it after 10 years in real estate?

00:31:54.660 It's, you got at least have a million bucks of disposable cash saved up.

00:32:01.440 If you have less than a million, it doesn't really make sense because let's be realistic.

00:32:05.900 You're making anywhere between 10 to 15% returns.

00:32:08.460 So to spend time and do research and, you know, go into it, unless you have a million,

00:32:12.580 makes not a lot of sense in many ways.

00:32:15.140 Again, maybe it is for $100,000 and you get your $1,000 a month and you're happy with it.

00:32:19.360 Maybe, just not my numbers.

00:32:21.000 Like in my fund, I have 9.5, which is from my family fund, from my family accounts.

00:32:30.540 What's the minimum for a MIC still today?

00:32:33.120 There's no minimum.

00:32:34.040 It's 20 investors and the minimum is $100,000.

00:32:36.640 There's no actual minimum, minimum, but yeah.

00:32:38.760 Okay, so you can form a MIC with 20 investors.

00:32:40.760 20 investors, yeah.

00:32:41.460 And a MIC, for those watching that don't know, is a mortgage investment company.

00:32:44.000 You basically take money on deposit from your investors and you distribute it out on smaller mortgages.

00:32:53.000 You charge the borrower, usually on seconds, 9.9 to 14.99%.

00:32:58.960 And you pay your investors, you know, spread on that.

00:33:03.320 9, 10.

00:33:04.240 Keeps the spread.

00:33:05.740 Takes the lender fees.

00:33:07.040 Three, four points.

00:33:07.660 One of the things I find, you know, I talk to a lot of successful entrepreneurs and guys

00:33:13.680 that have, you know, put a little dent in the universe is a lot of the times they say

00:33:16.720 the first million is the hardest to make.

00:33:18.380 Would you agree with that or disagree with that?

00:33:19.700 Absolutely.

00:33:20.280 Why?

00:33:21.320 Well, you're starting with nothing.

00:33:23.580 The first million, you see, I have on my driveway 2007 Volkswagen Jetta.

00:33:28.100 It's worth probably two grand.

00:33:29.620 It's worth less than my tires and my cars.

00:33:31.240 I still have it.

00:33:32.540 That was my first mill.

00:33:33.800 It was that car.

00:33:35.180 That was it, eh?

00:33:35.720 Yeah, so that car's staying.

00:33:37.800 I had a rebuild engine, transmission, body work, new tires.

00:33:41.920 Why keep it?

00:33:42.480 Is it a symbol of the struggle or?

00:33:45.460 Probably.

00:33:47.100 I mean, it doesn't cost me anything right now, right?

00:33:49.440 So, you don't want to sell it?

00:33:51.280 Not really.

00:33:52.040 Sentimental value, maybe?

00:33:53.880 I have a talking point that I've used a lot that tends to piss off some people.

00:33:59.880 And, again, you know, young viewers that watch my stuff, it's usually guys, I'll encourage

00:34:08.040 them and I'll say, look, aim to be a millionaire by the time you're 30.

00:34:13.160 If you miss that mark, if you miss that mark, at least do it by 40.

00:34:16.920 People push back real hard.

00:34:21.600 Oh, that's impossible.

00:34:23.220 You know, rich are out of touch.

00:34:25.020 You can't make that money.

00:34:26.440 All the rich people have hoarded it.

00:34:28.080 I disagree.

00:34:28.740 You have no idea what you're talking about.

00:34:30.280 Explain why you disagree.

00:34:31.680 Because I have done it.

00:34:33.440 We came here in 1999.

00:34:34.840 I was 15 and a half.

00:34:35.760 We had $14,320 in our pocket for three of us.

00:34:38.880 First six months to pay for rent at $1,310 per month times six months, your $9,500 goes

00:34:47.320 out of a window.

00:34:47.940 What do you have left?

00:34:48.640 You have $5,000.

00:34:49.660 You have to buy all the furniture because you've got an empty apartment.

00:34:52.700 You've got to survive.

00:34:53.560 You've got to have some, you know, transportation, food, and everything else.

00:34:58.100 So it's possible.

00:35:00.140 Yeah.

00:35:00.460 Because I have done it.

00:35:01.540 It's, you know, it's interesting that the immigrant mindset is always so hungry. 1.00

00:35:07.360 But it seems like there's so many people that are just like, it's too much.

00:35:12.220 You can't do it.

00:35:12.920 It's, you know, it's impossible.

00:35:14.140 You're, you know, you're asking too much of me.

00:35:18.840 You sleep five hours a night.

00:35:20.320 That's all.

00:35:21.160 That's it.

00:35:22.220 You, you know, your school finish at 345.

00:35:24.640 By the time you're home at 4.30, have a lunch, you know, half an hour drive to work,

00:35:30.200 45 minute drive to work.

00:35:31.560 Start at six.

00:35:32.340 You finish at midnight, 11 o'clock at night, and you go home.

00:35:34.860 Have you always hustled, or did you ever have like a time in your life where it was

00:35:38.420 like, I'm just going to go home, watch TV, play video games, smoke drugs, do nothing.

00:35:43.020 Don't do drugs.

00:35:44.100 Never done it.

00:35:45.700 Used to drink.

00:35:46.500 Dropped it when I was probably 23.

00:35:48.900 Yeah.

00:35:50.500 24.

00:35:51.200 24.

00:35:51.400 So you never had the inkling to just cruise.

00:35:55.020 Put it on cruise.

00:35:56.720 It doesn't get you anywhere.

00:35:57.720 It doesn't get you anywhere, right?

00:35:59.900 It doesn't get you anywhere.

00:36:01.500 It doesn't get you anywhere.

00:36:02.180 No, no, no, that's the moment you pause, you're done.

00:36:07.740 Yeah.

00:36:07.840 That's the point that I try to drive home, right?

00:36:09.560 Like I, like I want to reach those guys and, you know, give them a nudge, a little, little

00:36:12.940 shove and be like, you know, come on, man.

00:36:14.460 Like, you know, I've done it.

00:36:16.540 Guys like you have done it.

00:36:17.960 Every guy that we roll with in the rallies that are driving these nice cars that are,

00:36:21.940 you know, parked downstairs, they've all done it.

00:36:24.160 You know, I always find it's, you know, it's interesting when people have that slow cruise

00:36:30.040 control, maybe even a victim mindset.

00:36:33.980 It's fascinating.

00:36:34.960 What's going on down there?

00:36:36.160 Yeah.

00:36:36.820 Christina.

00:36:37.360 Chris.

00:36:37.800 Can you ask them to stop that?

00:36:40.060 Whatever it is that they're doing.

00:36:41.140 Thanks.

00:36:42.580 So we're in the shop and there's some people that are downstairs still that are doing some

00:36:46.260 work.

00:36:46.500 I think, I think, I think they are steaming the floors or washing or whatever.

00:36:56.720 Knock it off, boys.

00:36:57.680 We'll get to that later.

00:36:59.200 All right.

00:37:00.780 Let's see.

00:37:01.260 What else should we, should we cover with this episode?

00:37:04.560 What is it that you'd want to tell people that you haven't talked about yet?

00:37:07.000 I haven't really finished the whole story, right?

00:37:09.420 Because you ask it and you're like half, halfway done through it.

00:37:13.080 Yeah, I get distracted with these, with these side points because you've done so much in

00:37:16.680 your, for me actually, you know, sitting here having a conversation, it's, it's very

00:37:21.240 interesting because we spent a lot of time together, like days together, literally almost

00:37:25.760 weeks now.

00:37:26.580 Um, and then for you to sort of go down these rabbit holes.

00:37:29.160 So yeah, carry on, please.

00:37:30.360 I'm sorry.

00:37:31.220 No worries.

00:37:32.280 Um, it's basically real estate, what done for me, like that's big trench of money.

00:37:38.780 I mean, I've done some, some work back home as consulting.

00:37:41.640 I, I mean, I consulted for, for bank license back home, um, consulted for other entities

00:37:49.040 back home again, that capital has never came here.

00:37:51.760 So it's always back home is back home kind of idea.

00:37:54.320 What's, what's back home?

00:37:55.220 Is that in, back in Ukraine, back home in Ukraine.

00:37:57.280 So I launched, uh, I launched a series of six banks, uh, like I got a bank license for

00:38:01.880 people, I assisted on that, um, through friends who I graduated from school with and, um, they

00:38:08.840 paid me well, uh, to get it accomplished.

00:38:10.840 They had six branches and the company barely upped.

00:38:13.700 Um, what's the, what's the requirement to set up a bank in Ukraine?

00:38:18.160 So it used to be in Ukraine at that time was $500,000 US.

00:38:21.440 It wasn't much, uh, and probably about 150,000 and just, uh, legal work, but that was a barrier

00:38:27.740 to entry is 500,000.

00:38:29.040 Yeah.

00:38:30.040 So you can set up a bank.

00:38:31.040 Yeah.

00:38:32.040 So create a schedule one bank in Canada.

00:38:34.040 What's the right now?

00:38:35.040 So for the a, for the a, I think it's, uh, is it raised the bar?

00:38:40.440 I think they want a hundred mil now and it's difficult.

00:38:43.480 I am working on one where it's 50 it's privately owned, but it's a B class bank and it's a, it

00:38:48.740 has restrictions like right now to compete with the top five or even seven, like target

00:38:55.040 entry impossible.

00:38:56.040 So Laura, I'm using, uh, Alison Manzer out of Castlesbrook.

00:38:59.340 She done seven bank licenses over her career of 42 years.

00:39:03.800 So like I said, I do pay a lot, but I use the best, um, once you get there, you, it, it

00:39:12.600 pays benefits to, to work with people who've been in a career for so long, they know all

00:39:18.000 the ins and out and they have friends in different jurisdictions.

00:39:21.120 I just put it like that.

00:39:23.860 You pay for what you get as a result, right?

00:39:27.160 So the moment I hit free falling of about 50 million sitting on my accounts, I don't

00:39:33.340 have 50 million in the cashflow right now.

00:39:34.840 I don't have a little more than half of it available, but I don't have 50.

00:39:40.460 Do I want to partner up with somebody?

00:39:42.760 Not really.

00:39:43.760 Um, I probably would, but I want controlling, controlling interests because I tend to like

00:39:51.040 what I do.

00:39:52.040 I don't like to listen.

00:39:53.040 Let me just pause your thought on the, on the banking thing for a second and distract you

00:39:56.760 with partnerships.

00:39:58.760 I've had partnerships, most of them don't work out.

00:40:01.480 Yeah.

00:40:02.480 Um, what's your experience with partnerships been for the business?

00:40:05.440 Uh, I call myself a bad partner.

00:40:07.940 Okay.

00:40:08.940 So they don't work out for you either.

00:40:10.140 They, I started with somebody is then I want to keep going and the people are looking to your

00:40:15.940 comment of cruise control.

00:40:17.440 Yeah.

00:40:18.440 And it just doesn't work for me.

00:40:21.300 Like if I fit like here in the club, we finished in two weeks.

00:40:24.700 Yeah.

00:40:24.920 I want to, I own a hundred percent.

00:40:27.020 I want to be out of here.

00:40:27.980 I want to have people that want to go to something else partners.

00:40:33.020 And then now next year, I want to pop one in Miami.

00:40:36.080 Now more cash needs to be put up.

00:40:37.700 And as a 1.5 mil, okay, no problem.

00:40:39.840 I cuff it up.

00:40:41.120 There's a partners.

00:40:41.840 If the guy doesn't have the capital behind it, or he's like, well, I'm good here.

00:40:45.260 I'm not planning to go to Miami.

00:40:46.860 Why do we need to do this?

00:40:48.960 Well, I want to do it.

00:40:50.240 And if I, if I kind of want to do it, I just do it.

00:40:52.540 And I want to ask, I don't want to ask permissions of people anymore.

00:40:55.880 Yeah.

00:40:56.120 So having a partner, it might be cool.

00:40:59.200 Hey buddy, let's crew.

00:41:00.560 It's all great.

00:41:01.800 You're going to drag the wall together.

00:41:03.840 It may be good when you're a very small startup and nobody has money and you're literally working

00:41:08.660 your ass off for something. 0.92

00:41:10.920 Probably okay is there.

00:41:12.060 So the moment you have a little bit of a money in your pocket, partnerships don't work.

00:41:16.380 Yeah.

00:41:17.060 Simply don't.

00:41:17.620 Okay.

00:41:17.840 So keep talking about that banking stuff.

00:41:20.280 Banking wise.

00:41:21.040 Yeah.

00:41:21.240 50 million B bank.

00:41:24.100 Then you can get leverage components on the B bank.

00:41:26.600 You're probably looking at 2.8 out of a good Canadian bonds.

00:41:30.920 So you put up 50, you can borrow off and land at basically 2.8 times of what you're putting

00:41:37.660 up.

00:41:37.900 So if you're putting up 50 million, you can get a line of credit from bank of Canada at

00:41:41.640 prime, then 2.8, 50 mil.

00:41:44.200 So that works to $140 million.

00:41:45.200 So that works to about $140 million.

00:41:46.200 Now you put up 50, you got 140, not so bad.

00:41:50.680 Now you leverage that out, off you go.

00:41:52.900 So that's basically what I'm looking for.

00:41:55.320 Again, it goes down to the basics of what my life used to be for many, many years is real

00:42:01.600 estate and real estate finance.

00:42:03.180 I made my first multiple million dollars in real estate development.

00:42:07.820 Mm-hmm.

00:42:08.820 Uh, that's, that's how the vast majority of wealth is created on the, uh, Forbes list of

00:42:14.100 richest people is still mostly real estate.

00:42:16.260 Okay.

00:42:17.260 It's either real estate or it's entrepreneurship or it's a combination of both.

00:42:20.600 Uh, go down to basics.

00:42:22.880 Uh, what did you have five years, 500,000 years ago?

00:42:25.680 You had a house, you had a brick, mortar house, very simple question.

00:42:31.600 I ask every single person who invest in my entity, which is, uh, you know, in mortgages,

00:42:36.180 what's the last thing you're going to give up in your life?

00:42:39.080 Like right now, even you're rich, you have a house, you have beautiful cars, you have everything.

00:42:44.740 It's the last thing you're going to default.

00:42:45.940 If you have no money.

00:42:46.660 Yeah.

00:42:47.660 That's your house.

00:42:48.660 It's your house.

00:42:49.660 It's a house.

00:42:50.660 That's a good point.

00:42:51.660 Um, so talk about the mortgage investment company and then we'll get into the cars

00:42:58.160 and the rally stuff in the club.

00:43:00.160 Sure.

00:43:01.160 Um, so basically what has happened is-

00:43:02.660 We're here today.

00:43:03.660 Yeah.

00:43:04.660 Yeah.

00:43:05.660 By 33, it's in 26 and 33, in that seven years I did three development projects.

00:43:13.780 I basically retired.

00:43:15.340 I also have a couple of plazas, which gives me monthly incomes.

00:43:18.340 I make about plus to 80 grand a month right now, just on passive income.

00:43:22.840 I do not have to work.

00:43:24.340 At 33, I had my first child, my oldest son, Alex.

00:43:27.340 I said home for two months. 1.00

00:43:29.340 I said, fuck it. 1.00

00:43:30.340 I don't have to work. 1.00

00:43:31.340 I have kids now.

00:43:32.340 I put it on a cruise control, like you say, and just basically chill it out.

00:43:36.340 See what happens.

00:43:37.340 Take some time off when they're babies.

00:43:38.840 Yeah.

00:43:39.840 It's mostly Google Gaga though.

00:43:40.840 You know, for guys at that age, it's not very productive.

00:43:43.840 You don't have-

00:43:44.340 You know how long I lasted? 0.99

00:43:45.340 I lasted seven fucking weeks. 0.99

00:43:46.340 Yeah. 0.99

00:43:47.340 I was going to say.

00:43:48.340 Almost two months. 1.00

00:43:49.340 I said, fuck this. 1.00

00:43:50.340 I can't deal with this shit anymore. 1.00

00:43:51.340 Yeah. 1.00

00:43:52.340 I got to be out of a house.

00:43:53.340 Yeah.

00:43:54.340 Your time is far better spent out there bringing home the bacon.

00:43:57.340 Yeah.

00:43:58.340 Letting her cook it up, isn't it?

00:43:59.340 Yeah.

00:44:00.340 It just wasn't me.

00:44:01.340 I couldn't do it.

00:44:02.340 Fair enough.

00:44:03.340 Yeah.

00:44:04.340 So I'm like, okay, well, I have done all that.

00:44:07.340 I have a mortgage company at that time, which my partner used to run it. 0.99

00:44:10.340 I didn't give a shit for it. 0.95

00:44:12.340 It wasn't producing more, lots of money for me. 0.98

00:44:14.340 My real estate stuff was making a lot more.

00:44:17.340 So I'm like, okay, so I have this, I have that.

00:44:19.340 You know, I have other phone company, voice IP telecom.

00:44:22.340 I have other things for it.

00:44:23.340 You know, a little bit here, a little bit there.

00:44:25.340 And I'm like, I don't have to do any of this.

00:44:27.340 Now what I want to do in life.

00:44:28.340 So I went to talk to some politicians.

00:44:30.340 Do I do a political career?

00:44:32.340 Well, have the accent coming from USSR.

00:44:35.340 Tough.

00:44:36.340 Plus also.

00:44:37.340 Why did politics interest you?

00:44:41.340 Because I have zero interest.

00:44:42.340 I have so many people who are like, Rich, you got to run for mayor.

00:44:44.340 You got to run for prime minister.

00:44:45.340 You got to run for premier.

00:44:46.340 It's like, I have zero interest in dealing with any of those people.

00:44:49.340 I know a lot of politicians who have very deep pockets.

00:44:52.340 And I know how they make the deep pockets on real estate.

00:44:55.340 On real estate place.

00:44:56.340 Okay.

00:44:57.340 They make big money on to making sure that some of the developments get developed.

00:45:01.340 Let's put it this way.

00:45:02.340 Yeah.

00:45:03.340 And there's a lot of sidekicks.

00:45:04.340 I mean, this is what politicians are all about.

00:45:06.340 You know, offshore accounts and everything else.

00:45:08.340 So, seen it.

00:45:09.340 So it's more for the business aspect.

00:45:10.340 Yeah.

00:45:11.340 Less of the, let me create policies to guide.

00:45:13.340 Yeah, obviously.

00:45:14.340 Okay.

00:45:15.340 So I looked at all of that. 0.98

00:45:16.340 And you still have to comply with all the bullshit of, you know, be nice. 0.98

00:45:19.340 Talk to people. 0.99

00:45:20.340 Lies, realities.

00:45:21.340 So I spent like, I don't know, four or five months researching into it.

00:45:24.340 Wasn't for me.

00:45:25.340 Like all this lying and holding back.

00:45:27.340 Just not me.

00:45:28.340 Yeah.

00:45:29.340 I go straight to your face.

00:45:30.340 Dude, I don't like you. 1.00

00:45:31.340 Fuck you. 1.00

00:45:32.340 Fuck you. 1.00

00:45:33.340 And that's it. 1.00

00:45:34.340 Yeah.

00:45:35.340 That's, that's me.

00:45:36.340 And you know what?

00:45:37.340 You don't like something?

00:45:38.340 Sue me. 1.00

00:45:39.340 Fuck off. 1.00

00:45:40.340 That's, that's me. 1.00

00:45:41.340 Yeah.

00:45:42.340 So politics is not for a guy like that.

00:45:43.340 Wasn't, wasn't for me.

00:45:44.340 Now, what else you do?

00:45:45.340 I don't like capital.

00:45:46.340 So even if I use up like, you know, at that time I had probably like 12 million bucks net

00:45:50.340 worth.

00:45:51.340 So what do I do with it?

00:45:52.340 Do I go and buy another development and just keep on doing that?

00:45:56.340 Great.

00:45:57.340 But there's no massive upscale.

00:45:58.340 At that time I still had my Lexuses.

00:46:00.340 I was happy with my Lexuses.

00:46:02.340 Toyota's never break.

00:46:03.340 Nobody looks at you.

00:46:05.340 Nobody knows what you have.

00:46:06.340 Very low key. 1.00

00:46:07.340 Don't give a shit. 0.99

00:46:09.340 So, you know, I'm like, okay, well, let's research who's a most wealthy people. 1.00

00:46:15.340 Okay.

00:46:16.340 Does it run funds?

00:46:17.340 What does it run?

00:46:18.340 Real estate fund, finance fund.

00:46:19.340 What does it do?

00:46:20.340 Food, import, export stuff like that.

00:46:22.340 Import, export.

00:46:23.340 You need big warehouses, lots of headache, lots of running around.

00:46:26.340 Didn't like it.

00:46:27.340 So I'm like, okay, you know what?

00:46:29.340 Let's open up a mortgage investment corporation because we had administration license since 0.51

00:46:33.340 2014.

00:46:34.340 We've been administering money in my partner for somebody else.

00:46:37.340 Okay.

00:46:38.340 What do we do?

00:46:39.340 Well, let's take a look what we can come up with and, you know, grow it to a bigger numbers.

00:46:44.340 Um, and that's what it started basically the end of 20, 20, well, beginning of 2017, the

00:46:53.340 end of 2016, 2016, beginning of 2017.

00:46:56.340 That's basically when it started.

00:46:57.340 And then it's like, yeah, mortgage investment corporation.

00:47:00.340 Okay.

00:47:01.340 You have the brokerage.

00:47:02.340 We have the track record.

00:47:03.340 There's administering other, other people, money, our own money.

00:47:05.340 There was the same.

00:47:06.340 There's the same license.

00:47:07.340 And it's like, okay, there's out of the financials.

00:47:10.340 Let's use this.

00:47:11.340 We have, we pushed volume about 320, 360 million a year.

00:47:14.340 Is that time just brokering stuff?

00:47:16.340 It wasn't a cruise control. 0.99

00:47:17.340 I didn't give a shit for that company. 0.97

00:47:19.340 I wasn't making much because majority of fees you charging is like 10%. 0.99

00:47:24.340 So if you're grossing up like 1.2 million, it's volume agents take 90% of it.

00:47:30.340 You have 120 grand left.

00:47:31.340 There's not a lot of juice after office and men and everything else to, to, to be made.

00:47:35.340 So you're like, okay, you actually gotta, gotta get into a skin.

00:47:38.340 You gotta do your own deals.

00:47:39.340 You gotta have your own capital.

00:47:41.340 That's where you make the lender fees, lender fees, three to four points.

00:47:44.340 Okay.

00:47:45.340 Not so bad.

00:47:46.340 How do we get it done?

00:47:47.340 All right.

00:47:48.340 Well, I will dump my, some of my funds at that time.

00:47:51.340 I put up like 4 million after we did the public race.

00:47:53.340 So we went public in Jamaica, which were our first Canadian company to do that.

00:47:57.340 Jamaica was rated top 10 exchanges in the world twice at that time.

00:48:03.340 So Jamaica is the top, top 10 best performing world exchanges by New York stock exchange.

00:48:10.340 Explain.

00:48:11.340 Why?

00:48:12.340 Gross compliance, just basically gross.

00:48:15.340 And lawyers out of Castles broke this up.

00:48:18.340 Here's what are we going to do?

00:48:19.340 We're going to list you.

00:48:20.340 We're going to raise money at the Jamaican stock exchange.

00:48:22.340 We're going to cross list you to Toronto stock exchange venture.

00:48:25.340 And now you're going to be public here.

00:48:27.340 Once you're public here, run for a couple of years.

00:48:29.340 Yeah.

00:48:30.340 Run it, run it for a couple of years.

00:48:32.340 Then, you know, you can talk to all the broker dealers.

00:48:35.340 Hopefully they get picked up by banks, picked up by broker, broker, family offices, and so

00:48:39.340 on and so forth.

00:48:40.340 That was a gateway.

00:48:42.340 We needed 200 investors.

00:48:43.340 We got 143 out of Jamaica.

00:48:45.340 We were short 57 people to make the cut for TSX.

00:48:50.340 How'd you do it?

00:48:51.340 We didn't list in TSX.

00:48:52.340 Okay.

00:48:53.340 I couldn't.

00:48:54.340 Now, you know, we're going into it, into that.

00:48:57.340 TSX is Toronto stock exchange.

00:48:58.340 For those of you guys not sure what he's talking about.

00:49:01.340 So it's the third largest exchange in North America.

00:49:04.340 Yeah.

00:49:05.340 So we got NASDAQ.

00:49:06.340 We got New York stock exchange and then it's TSX.

00:49:08.340 Yeah.

00:49:09.340 So I'm like, okay, well, we didn't cut.

00:49:11.340 We didn't make the cut.

00:49:12.340 Okay.

00:49:13.340 Let's try to do something next year.

00:49:15.340 Pandemic starts.

00:49:17.340 Hmm.

00:49:18.340 Everything is closed. 1.00

00:49:19.340 Two years into that bullshit. 0.98

00:49:21.340 Now, you know, we are slowly getting capital from moms and pops, couple investors, example 0.99

00:49:27.340 market dealers.

00:49:28.340 We had a couple of them, but everything is slow and raising capital.

00:49:31.340 Fund is small.

00:49:32.340 We didn't hit a target of publicity.

00:49:34.340 What do we want it?

00:49:35.340 Time is going by.

00:49:36.340 Track record is building, but nothing in reality happened.

00:49:39.340 So they're growing slowly.

00:49:40.340 You know, we started this 5.3 million out of Jamaica.

00:49:43.340 I put up another foreign change.

00:49:45.340 Now we have nine.

00:49:46.340 We have 12, 14, 15 and just time lapses, lapses and going forward.

00:49:51.340 It's like, okay, we'll be building track records, whatever, whatever.

00:49:54.340 Last week they picked up by BMO, Bank of Montreal.

00:49:57.340 I have a contract on my table, which is getting back and forth right now for $50 million injection

00:50:03.340 over two years each month.

00:50:05.340 That'll lead to the other banks too.

00:50:06.340 Yeah.

00:50:07.340 The moments of BMO signs up and the 1st of September, I get my first 2 million because

00:50:11.340 they're willing to put up 2 million each month on the transition of basically two years.

00:50:16.340 It's minimum two months per year, 2 million per month.

00:50:19.340 And they can put up the whole amount or they can give minimum 2 million each month.

00:50:23.340 That's basically what my contract stipulates.

00:50:25.340 Has anybody ever called you an overnight success?

00:50:28.340 No, there's no overnight.

00:50:30.340 There's no such thing as an overnight success.

00:50:31.340 There's no overnight.

00:50:32.340 I spent, just to go public in Jamaica took me a year and a half.

00:50:35.340 To go public right now in the New York, it's taking almost two years.

00:50:40.340 Yeah.

00:50:41.340 So if you call an overnight of two years?

00:50:42.340 Sure.

00:50:43.340 Yeah.

00:50:44.340 You put up, you put up, okay, so here's how it goes.

00:50:58.340 You work 8 to 6.

00:51:00.340 At 6 you come and you spend time with your kids, a little and a wife.

00:51:04.340 At 10 p.m. you start working on legal documents until 2 a.m., 3 a.m. 0.99

00:51:09.340 And then you wake up 7 in the morning and you continue the same bullshit. 0.99

00:51:12.340 And there's your overnight success. 1.00

00:51:13.340 Yeah, there goes your overnight success.

00:51:15.340 Multiplied by how many years?

00:51:16.340 A year and a half to go public.

00:51:18.340 No, no, but total for everything that led up to that.

00:51:20.340 It must have been at least a decade.

00:51:21.340 That wasn't such a late night. 0.99

00:51:23.340 I did have some multiple offer situation at 4.30 a.m. to buy some bullshit homes. 0.99

00:51:28.340 Yeah, I had those. 0.99

00:51:29.340 Yeah.

00:51:30.340 Most of the day is open, but anything from 4 p.m. until 11 at night, real estate career,

00:51:35.340 that's what you do.

00:51:36.340 And at daytime from like 9 a.m. to 4 p.m., you do mortgages.

00:51:40.340 Yeah.

00:51:41.340 So you kind of have two jobs.

00:51:42.340 Gotcha.

00:51:43.340 So yeah, great overnight success. 0.99

00:51:45.340 I just did 16 wonderful fucking years in real estate mortgages. 0.99

00:51:49.340 You know. 0.99

00:51:50.340 When you say great overnight success, I'm starting to think of Borat.

00:51:54.340 Great success.

00:51:55.340 Man, you know, I want to segue into cars and rallying and the club and all this sort of stuff.

00:52:05.340 Well, we're kind of leading to that.

00:52:07.340 Yeah, yeah.

00:52:08.340 Kind of leading to that.

00:52:09.340 Yeah, let's go.

00:52:10.340 Because, I mean, you know, the racing license and everything.

00:52:11.340 Yeah.

00:52:12.340 I mean, my father, right?

00:52:14.340 1985 and 1986, two silver medals in East European countries for rally on a lattice.

00:52:22.340 What kind of rallies?

00:52:23.340 Lada.

00:52:24.340 Lada.

00:52:25.340 Oh, ladder rallies.

00:52:26.340 Like forest gravel.

00:52:27.340 Yes.

00:52:28.340 That sort of stuff.

00:52:29.340 Forest gravel, dirt roads, asphalt, you name it.

00:52:31.340 Everything.

00:52:32.340 That's what I used to race.

00:52:33.340 Two silver medals.

00:52:34.340 He was a guy who calls an app.

00:52:37.340 I don't know what's the word in English.

00:52:39.340 Navigator.

00:52:40.340 Navigator.

00:52:41.340 So they were switching as well.

00:52:42.340 So there's a driver, there's navigator.

00:52:43.340 He was a sub in case the driver's screwed or whatever.

00:52:46.340 So he had to substitute a few laps as well.

00:52:49.340 A few runs and two silver medals.

00:52:52.340 So I loved it.

00:52:53.340 I like it.

00:52:54.340 See, I drove Lexus for majority of my time.

00:52:57.340 Like I had Volkswagen and stuff broke, broke too much.

00:53:00.340 I still kept the car.

00:53:01.340 But you don't want to show up.

00:53:05.340 I had seven S63 AMG, Mercedes-Benz.

00:53:09.340 I had it for two months.

00:53:10.340 Business went down right away because you're showing up as a 25 year old at that time.

00:53:14.340 45 year old who's buying a house, who's driving a Toyota Camry.

00:53:19.340 He looks at you at $140,000 a car.

00:53:21.340 I'm making too much money, buddy.

00:53:22.340 You're like, buddy, you're making too much money.

00:53:24.340 Like you want to lower your commissions and now you know you're not making 22 grand anymore. 1.00

00:53:29.340 You're making 11 and you're like, fuck this car. 1.00

00:53:32.340 These cars are not worth it. 1.00

00:53:33.340 It's not worth it.

00:53:34.340 Leave that one at home.

00:53:35.340 Well, I didn't want to leave stuff and piff, you know, $2400 per month just for it to sit

00:53:41.340 on the sidelines.

00:53:42.340 Yeah.

00:53:43.340 Because I used the $2400 for something else.

00:53:44.340 At that time I had custom homes going.

00:53:46.340 So every penny counts.

00:53:47.340 And I'm like, yeah, Lexus.

00:53:50.340 Beautiful.

00:53:51.340 Just works.

00:53:52.340 It's a perfect classic car.

00:53:54.340 It's classic.

00:53:55.340 It's comfortable.

00:53:56.340 If you drive clients, it's nice and comfortable.

00:53:58.340 Like no issues whatsoever.

00:54:00.340 Yeah.

00:54:01.340 Yeah.

00:54:02.340 Talk to me about your passion for vehicles.

00:54:06.340 I mean, your subheading here is where passion and performance meet.

00:54:09.340 You know, we've done probably close to 10,000, 12,000 miles together on rallies.

00:54:15.340 Probably, yeah.

00:54:16.340 You built this car club.

00:54:18.340 You're in the production phase of a film which you're going to sell.

00:54:22.340 You've got your partner that just walked in here, James.

00:54:24.340 Yeah, James.

00:54:25.340 Can I go?

00:54:26.340 And you've got all these cars coming in.

00:54:29.340 What are you more passionate about?

00:54:30.340 Is it like the car, like the petrol head stuff? 0.99

00:54:32.340 Or is it like the business, the financing, the mortgages?

00:54:35.340 So that's work.

00:54:37.340 Like, remember, I have two towers getting built right now.

00:54:40.340 Because the work pays for the passion.

00:54:42.340 The work pays for the passion.

00:54:43.340 Yeah.

00:54:44.340 The passion doesn't pay for work, unfortunately.

00:54:46.340 Yeah.

00:54:47.340 And look, I'm probably sitting close to seven.

00:54:50.340 No, probably $8 million right now in car orders.

00:54:54.340 So what is it about supercars that appeal to you?

00:55:00.340 So it's a passion, but...

00:55:03.340 A lot of people don't get it. 1.00

00:55:04.340 They're like, oh, that's stupid. 1.00

00:55:05.340 You're wasting your money. 1.00

00:55:06.340 You know how many children you could feed?

00:55:08.340 What's the other one, too?

00:55:09.340 Oh, they depreciate.

00:55:10.340 You're going to lose your money, so you drive it off a lot.

00:55:12.340 Yeah.

00:55:13.340 And guess what?

00:55:14.340 If you have money, you don't care.

00:55:16.340 That's number one.

00:55:17.340 Number two is, it's the people you surround yourself with.

00:55:21.340 So if you have a half a million to blow on a car, and I have a half a million to blow

00:55:25.340 on a car, I'm pretty sure we have something to talk about.

00:55:28.340 But if you don't have a half a million to blow, or a mil or two or five like I do, maybe

00:55:34.340 you're not the guy I should be listening to what you do in life.

00:55:39.340 So I just want to rephrase that for people watching.

00:55:43.340 Which camera are we on?

00:55:44.340 This one?

00:55:45.340 This one.

00:55:46.340 Okay.

00:55:47.340 So I just want to rephrase that for people that are watching this, right?

00:55:49.340 Supercars aren't just to drive fast, to have fun, to get the looks, get the feel

00:55:56.340 that you get out of driving it.

00:55:57.340 They're also networking tools, aren't they?

00:55:59.340 Of course.

00:56:00.340 I mean, like we met on a rally because we both have a passion for cars, but it's also

00:56:05.340 a networking tool, right?

00:56:07.340 A powerful networking tool, in fact.

00:56:10.340 So I think I did mention to you what a club is, this club is all about.

00:56:15.340 First of all, I ran out of parking spaces.

00:56:17.340 Yeah.

00:56:18.340 So we had to do something because I have six homes.

00:56:21.340 None of them fit my cars anymore because I have my dad's, my mom's, I have my wife's,

00:56:25.340 I have kids' toys, I have lawnmowers, I have ATVs, I have jet skis. 0.95

00:56:29.340 Like all the shit fills up. 0.98

00:56:31.340 So I ran out of parking spaces, number one. 0.99

00:56:34.340 Second was like, do I build a massive, massive mansion?

00:56:38.340 Sure.

00:56:39.340 Work in progress.

00:56:40.340 Need disposable six million bucks to build it. 0.73

00:56:42.340 Do I want to pull out six million and not to make $900,000 a year on that money?

00:56:46.340 Not really.

00:56:47.340 I like my 900,000.

00:56:48.340 Don't care for the mansion.

00:56:50.340 You know, ups and downs of life, I guess.

00:56:53.340 This is, and I still haven't decided on the formula which one I'm still doing. 0.99

00:56:59.340 Am I doing my 300 bucks a month, 300 people, or I'm saying, fuck this. 0.98

00:57:03.340 You want to be here? 0.98

00:57:04.340 It's a thousand bucks a month and it's a hundred people.

00:57:07.340 Haven't decided on that.

00:57:08.340 I'm still debating.

00:57:09.340 We did have a soft opening.

00:57:11.340 We had over 300 people here attending.

00:57:14.340 A lot of people who came around and a lot of people found that in the last rally we did

00:57:19.340 together, those yo-yos, even if they pay me a thousand bucks, I don't want them. 1.00

00:57:24.340 So there's certain people I have zero interest in because I don't see the future of me communicating

00:57:30.340 with them to teach them how they should be living.

00:57:33.340 What's the objective to have high?

00:57:36.340 Very high net worth.

00:57:37.340 Very high net worth.

00:57:38.340 Very, very high net worth.

00:57:39.340 Very well connected.

00:57:40.340 Yes.

00:57:41.340 Good people.

00:57:42.340 Yeah.

00:57:43.340 Application process.

00:57:44.340 Application is a must.

00:57:45.340 Betting.

00:57:46.340 Yeah.

00:57:47.340 Otherwise, you're going to get some yo-yos in for sure. 1.00

00:57:49.340 Yeah.

00:57:50.340 That's something, like, I think we talked on our way back after the rally, like, we had,

00:57:54.340 what, 65 cars?

00:57:55.340 Yeah.

00:57:56.340 Next, first of all, I'm not going on the next one.

00:58:00.340 That's probably John leaving.

00:58:03.340 Give us a minute.

00:58:05.340 Cars make lots of noise in here when they start up.

00:58:08.340 Is he pulling out?

00:58:09.340 John is taking his truck hop.

00:58:10.340 There's a thousand horses power out.

00:58:11.340 Oh, he's taking the truck out now?

00:58:12.340 Yeah.

00:58:13.340 Anyway.

00:58:14.340 He's backing out his thousand horsepower track hop.

00:58:15.340 Sounds like he's outside now.

00:58:16.340 It's a nice car.

00:58:17.340 Oh, he goes.

00:58:18.340 That thing goes and rattles.

00:58:19.340 Yeah.

00:58:20.340 So, the club, the people, vetting them, the yo-yos, the rally. 0.97

00:58:21.340 Okay.

00:58:22.340 Yeah.

00:58:23.340 Go ahead.

00:58:24.340 So, I'm not doing the next here.

00:58:25.340 Yeah.

00:58:26.340 I'm not.

00:58:27.340 I can't.

00:58:28.340 Just this one drove me nuts.

00:58:29.340 Yeah.

00:58:30.340 There are obvious and significant benefits to having a lot of people on the road at the

00:58:47.340 same time, especially when you have encounters.

00:58:50.340 Cause then it's like, ah, that wasn't us.

00:58:52.340 That was probably the other guys.

00:58:53.340 Cause there's 65 cars on this rally.

00:58:55.340 Sure.

00:58:56.340 That's the only excuse.

00:58:58.340 Yeah.

00:58:59.340 I mean, look, we rolled for six days.

00:59:01.340 Yeah.

00:59:02.340 Pretty much just like what?

00:59:03.340 Six, seven of us.

00:59:04.340 Yeah.

00:59:05.340 Yeah.

00:59:06.340 Pretty much invisible too.

00:59:07.340 We didn't get any trouble.

00:59:08.340 Um, yeah.

00:59:09.340 Right.

00:59:10.340 Right.

00:59:11.340 Right.

00:59:12.340 Um, so.

00:59:15.340 EMS service.

00:59:16.340 Yeah.

00:59:17.340 Yeah.

00:59:18.340 We'll have to tell that story some other time.

00:59:19.340 Maybe we'll save that for the, uh, other podcasts.

00:59:22.340 So what are we working on?

00:59:24.340 Let's, let's sort of get to like the wrap up part.

00:59:26.340 Cause I think, um, with this little test in tune with the setup and everything we're

00:59:30.340 doing, we just kind of wanted to see how it was going to work.

00:59:32.340 I want to have a conversation with Sergey, introduce you guys to him.

00:59:35.340 Um, I think the best thing for you guys to do, if you want to learn a little bit more

00:59:39.340 about the club and what he's doing is probably just go to the Instagram page.

00:59:43.340 Would you say?

00:59:44.340 Yeah.

00:59:45.340 Flat six club and then flat six movie official.

00:59:47.340 Okay.

00:59:48.340 Yeah.

00:59:49.340 If you can go to the chat over there, there should be an opportunity for you to, can you

00:59:52.340 put something in the chat there?

00:59:53.340 Oh, it doesn't have chat open.

00:59:54.340 Does it?

00:59:57.340 It's okay.

00:59:58.340 It's, it's, um, it's on the bottom there.

01:00:00.340 It's like the subheading below, um, Sergey's name.

01:00:03.340 Yeah.

01:00:04.340 What are we actually doing here is like, besides the club, how actually is the club name

01:00:07.340 originated?

01:00:08.340 I got approached by James from our group in seven drives, right?

01:00:11.340 Yeah.

01:00:12.340 And then they play, Hey guys, there's a movie.

01:00:13.340 Anybody wants to, you know, uh, participate.

01:00:16.340 They have obviously was a wedding process as well to check out what do you do, what do you

01:00:20.340 drive and things like that.

01:00:21.340 And it's like, then I became a partner investor in a flat six movie.

01:00:25.340 Movie is basically about a cars and primarily Porsche.

01:00:28.340 Um, we do have an official, uh, movie trailer, uh, which can be checked out at a YouTube channel,

01:00:34.340 the flat six movie official.

01:00:35.340 Uh, Tim was actually introducing that.

01:00:39.340 What a couple of weeks ago.

01:00:40.340 I think he introduced our, uh, trailer.

01:00:42.340 You guys should actually check it out as well.

01:00:44.340 Um, that was part of it.

01:00:48.340 While the car club was developing, there's a different name.

01:00:51.340 Remember we had a super car syndicate with previous partner.

01:00:55.340 When I flew back from Miami, I said, this is it.

01:00:58.340 Nothing is getting done.

01:00:59.340 I, you know, I have a different vision and they just basically killed that name, killed

01:01:03.340 the partnership, lost a couple hundred thousand in that.

01:01:06.340 Just walked away.

01:01:07.340 I said, keep it. 0.99

01:01:08.340 I don't give a shit. 1.00

01:01:09.340 Uh, just clean your shit in 48 hours. 1.00

01:01:11.340 And that's it. 1.00

01:01:12.340 And then I just basically took over.

01:01:13.340 You saw what I did to this place.

01:01:15.340 Uh, this is my vision.

01:01:16.340 And, um, James is like, you know, you're debating, I'm debating on a name because I was

01:01:21.340 throwing out some names.

01:01:22.340 James is like, well, why don't you use a movie name?

01:01:24.340 And I'm like, okay, that works.

01:01:27.340 So now it became basically as a movie slash club, second location of club Miami, a little

01:01:33.340 spillover.

01:01:34.340 We'd probably do a second movie in Miami as well.

01:01:36.340 When is that movie going to be out?

01:01:37.340 Do you think?

01:01:38.340 Cause it's supposed to be sold to Netflix or Amazon prime, right?

01:01:41.340 Yeah.

01:01:42.340 Yes.

01:01:43.340 That's work in progress.

01:01:44.340 We have, we already discussions back and forth.

01:01:46.340 And, uh, I think we'd be done filming by November, December, by Christmas.

01:01:50.340 And this is a movie that will be out after new years.

01:01:53.340 Okay.

01:01:54.340 You win it too.

01:01:55.340 Yeah.

01:01:56.340 Yeah.

01:01:57.340 There's, um, I mean, I posted a picture on Instagram when, um, I was out with James doing

01:02:01.340 the interview here, but, um, yeah.

01:02:03.340 So you guys will probably see that on Netflix or prime, um, in the not so distant future.

01:02:08.340 Um, we're also going to try to put together something else for YouTube.

01:02:14.340 Can we talk about that?

01:02:15.340 Yeah, absolutely.

01:02:16.340 I mean, that's the next one.

01:02:17.340 So we're big car guys, huge car guys. 0.99

01:02:20.340 I mean, we never talk about business or mortgages or that boring shit. 0.74

01:02:23.340 Um, it's almost always cars, rallies and stuff that we do on that. 0.95

01:02:26.340 It's loads of fun, uh, putting miles on the cars, seeing the scenery, um, you know,

01:02:31.340 seeing what roads have to offer us here.

01:02:34.340 Uh, mostly on the East coast, Appalachian trail and stuff like that.

01:02:37.340 Uh, although I have mentioned, I don't know if we talked about it ourselves, but I was,

01:02:42.340 but I've mentioned like, we got to do bigger stuff.

01:02:44.340 Like let's go to Europe.

01:02:45.340 Let's, you know, let's do some rallies there too.

01:02:47.340 Um,

01:02:48.340 Saturn is, uh, arranging something for next year.

01:02:50.340 He's trying.

01:02:51.340 I heard.

01:02:52.340 Yeah.

01:02:53.340 Um, I'm happy to go down.

01:02:54.340 I don't, for sure.

01:02:55.340 I don't care.

01:02:56.340 Um, lots of advanced notice.

01:02:58.340 Yeah.

01:02:59.340 We're working on another project, which is going to be a car podcast and potentially something

01:03:04.340 building on top of that with, uh, reviews and other, other stuff like that with exotics.

01:03:08.340 There's lots of cars.

01:03:09.340 I mean, there's enough cars over here to keep us busy for months.

01:03:12.340 Literally.

01:03:13.340 Just with allocations up to year end, you have 17.

01:03:18.340 So they can do a car each week.

01:03:20.340 Yeah.

01:03:21.340 And we're not, we're not doing like Camrys or Kios or anything like that. 0.97

01:03:23.340 You're going to see some crazy shit and you're going to hear some crazy stories. 0.83

01:03:27.340 If we get into them on the podcast, which we're going to kind of test after this, we're 0.96

01:03:31.340 going to, are we going to podcast live or do you want to do like a pre, like a prerecord

01:03:36.340 and we'll pop it out later?

01:03:37.340 Cause I can tell people that are watching this now to go to the channel if you want

01:03:40.340 to do it live.

01:03:41.340 Yeah.

01:03:42.340 We can do it.

01:03:43.340 We can do it live and we will record.

01:03:44.340 Are we set up Christina to do it live on the other channel?

01:03:46.340 Do we have stream barred and everything set up?

01:03:48.340 Yeah.

01:03:49.340 It just, what I want to actually to do is I want to build in a movie clip from flat six

01:03:53.340 into that recording.

01:03:54.340 Yeah.

01:03:55.340 So we'll cut out the, we will record the podcast.

01:03:56.340 Yeah.

01:03:57.340 We go live.

01:03:58.340 We, we get introduced James.

01:03:59.340 Then once we actually post it for the YouTube channel, I'm going to put a flat six movie

01:04:05.340 in it.

01:04:06.340 Okay.

01:04:07.340 And then I want to do a couple of, uh, shots of, uh, cars, which we're going to

01:04:09.340 do on Saturday and just build it into that movie as well.

01:04:11.340 Okay.

01:04:12.340 Cause remember on Saturday we have right now guys, two, seven, six, five spiders, LT

01:04:18.340 McLaren's, which are 765 of them worldwide.

01:04:21.340 We have two of them in our shop right here.

01:04:23.340 Yeah.

01:04:24.340 Yeah.

01:04:25.340 Like, come on.

01:04:26.340 Um, so the YouTube channel is the gas pedal, the gas pedal.

01:04:31.340 So if you guys want to go to the YouTube channel, the gas pedal, um, we're going to try

01:04:34.340 to get set up and do our next podcast talking about cars only there live.

01:04:38.340 So, uh, I guess with that being said, um, I'm going to have to reboot this computer again

01:04:42.340 cause it crapped out on me, uh, technical issues and, uh, we'll kill the stream.

01:04:47.340 So give me a sec, uh, guys.

01:04:49.340 And let me just do that so I can kill the stream, but, uh, it's still running on the

01:04:53.340 other cameras. 0.99

01:04:54.340 These are the technical issues I have to deal with with this bullshit. 0.98

01:04:59.340 Um, keep the feed going on that one. 0.90

01:05:01.340 So though on that camera, I feel I can turn this off.

01:05:04.340 I mean, people will see us right now.

01:05:05.340 We're just sort of navigating through it. 0.99

01:05:08.340 Such as, uh, the unprofessional life and doing shit on YouTube. 0.96

01:05:12.340 So I got four lifts going. 0.88

01:05:14.340 You're going to have Porsches, Lambos, McLaren's, and again, Porsches.

01:05:19.340 Sounds good.

01:05:20.340 Do you need a Porsche?

01:05:21.340 Yeah.

01:05:22.340 Yeah.

01:05:23.340 Saturday.

01:05:24.340 I can bring it in.

01:05:25.340 Yeah, for sure.

01:05:26.340 Come on Saturday for 3 PM.

01:05:28.340 Okay.

01:05:29.340 Here we go. 0.99

01:05:30.340 Just kill this feed.

01:05:34.340 I don't know what's going on with this computer.

01:05:36.340 It's Saturday at 3 PM, right?

01:05:38.340 Uh, yes.

01:05:39.340 Right.

01:05:40.340 All right.

01:05:41.340 Here we go.

01:05:44.340 Apologies for the technical difficulties, ladies and gents, but it is what it is.

01:05:49.340 All right.

01:05:50.340 Thanks for watching the, uh, the cast.

01:05:52.340 See you guys later.

01:05:53.340 Peace out.

Playing to Win - August 30, 2023

090 - Sergiy Shchavyelyev

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