00:24:35.740uh you got to lars augustus dude what let's go so boy obviously yes yes no it's it's a girl
00:24:45.360powerful girl hello my name is lars yeah no so you have a i mean a beautiful wonderful
00:24:53.100new son you have 13 sons feels that way sometimes latest five yep five sons uh you so yeah i want
00:25:03.320you to fill me in. One of the things that's exciting, uh, you did recently meet somebody
00:25:08.860who is a very close personal person that I follow on eggs. Yeah. Uh, but you met Tucker Carlson.
00:25:16.480Yep. I got to meet Tucker Carlson. I went to a event in Alabama with our, it was hosted by our
00:25:21.740friend, Brian Dawson with 1819 news. And yeah, I got to meet him. It was, it was a very exciting.
00:25:28.440Did you see all the 30 seconds? You know, it was great. I got my picture taken. So there's proof.
00:25:32.500everyone else got 10 though and he took special interest in you he did he did because his assistant
00:25:36.820had to drag me out because he and he was following he was following he was following me
00:25:40.640he likes me what do you think it is about your aura that won him over like you guys are obviously
00:25:49.400best friends now but is it just your comedic good looks your comedic sense of humor good looks
00:25:56.920what kind of good looks are comedic these i look funny apparently honestly i think it was because
00:26:06.400with all of the people that were there from alabama i was from ogden utah and he was like
00:26:11.580that's really weird why are you here what's going on that was probably it yeah so very cool uh
00:26:16.740working on some i don't know how much you can say want to say but oh no i can working on uh
00:26:21.660business deals yeah that's been a lot of the stuff that you've been involved in yeah yeah so a lot of
00:26:26.300the stuff that I've been working on in the background has been, we did an episode on this
00:26:31.500with David Reese for an ammunition company. We're doing a private equity raise, asking investors to
00:26:37.420trust us with their funds so that they could get big fat returns and build a Christian ammunition
00:26:42.740company, which is pretty sweet. Which we need more of those. Yep. And there's another raise going on
00:26:49.120right now for a steel fabrication facility in Alabama. That's part of the reason why I was down
00:26:55.100there is to tour the, the plant. It's, it's a pretty cool business. Um, and so if anybody wants
00:27:01.520to invest as an accredited investor wants to talk to me and you want to help American manufacturing
00:27:07.180that's right. It's Renaissance. Yes. Which is important. And they're this, this steel
00:27:12.300fabrication place. Isn't just like doing, um, building erections. Uh, I can't say that word
00:27:18.820without, um, anyway. So, uh, like steel, steel buildings, they call it erecting a building.
00:27:24.940Yeah. Yeah. I didn't get, uh, they do a lot of custom work. It's really cool. Uh, these guys
00:27:29.360are craftsmen that the average 10 years over 18 years for the employees there, their turnover rate
00:27:35.560is crazy low. Uh, these guys are really committed to their work. They are truly, I mean, it's like
00:27:41.060when I toured this facility, I thought it was going to be assembly line. These guys, no, they,
00:27:45.800they have these unique projects. Most of them are custom. And so these welders will work
00:27:51.540from concept all the way to completion on the same project. And it's really cool,
00:27:57.420the work that they're doing. It's really special. So yeah, if anybody wants to invest,
00:28:01.540good returns, you know, great stable business, been around for decades and decades and decades.
00:28:05.860So if they want to invest, they can contact me. I'll get the referral or something. I don't know
00:28:10.040how that works. Contact Eric Kahn with any of your questions. He can send you the financials.
00:28:15.120yeah that'll be great sign an NDA yeah so you've been doing a lot of business stuff yeah um part
00:28:20.560of it too is um as we embarked on this project with new christendom press it's brought us into
00:28:27.000conversation with a lot of builders yes and so i think what's interesting is like things took off
00:28:33.260we we did a show for hardman podcast the other day and they were like where's eric what's eric
00:28:37.860doing. And I'm like, well, the work keeps growing. Yeah. And so this kind of part of it is that
00:28:43.880I feel like maybe Lennon was correct. VI Lennon, bear with me. But he said that, you know, there
00:28:52.620are years where it seems like decades happen. And we were talking earlier just about like the summer
00:28:58.700and how much has changed even since then. But there's been a plethora of good work, which I
00:29:03.160think is really exciting, but also a lot of key people doing good work that we're getting to meet.
00:29:07.980You're working with these guys. I guess just walk me through that experience, what that's been like
00:29:12.440for you in terms of just seeing how many good men are doing good work around the country.
00:29:18.940Yeah. One of my favorite parts about the work that I've been doing with investing and looking
00:29:24.580at these businesses is that a lot of the guys that I'm talking to, they're like self-made men.
00:29:29.420they they came from nothing um like one guy that i've worked with in the past his his uh his mother
00:29:35.660died when he was young and his father raised him as a single dad he was a firefighter and and this
00:29:40.360guy like he just figured things out and he's been really successful just lots of lots of really
00:29:46.520interesting stories and these guys are they're i mean not only are they interesting their their
00:29:52.740competency is just unbelievable. Um, they are truly excellent at what they do and the way they
00:30:00.020think is different than the way that I think. Um, you know, even in, uh, as I read, leaving the
00:30:05.920legacy, uh, the book, you know, some of the ways that he's, uh, critiquing the boomer mindset,
00:30:12.720I'm like, Oh, wait a minute. This is a lot of, this is how I still think, you know, kind of like
00:30:17.720w2 social security 401k sort of you know even if you saw my investing series and all that and i'm
00:30:24.400talking about bitcoin and trad fi and stuff like that trying to get creative there's still a lot
00:30:28.080of that just ingrained in my mind and some of these guys are like the benefits the they're
00:30:33.520they're like golden handcuffs they're they're only going to cap your potential you know working the
00:30:38.380government job yeah that's great it's really secure your benefits are handcuffs preventing
00:30:42.640you from actually building anything you know and so they go out there and they take risks with
00:30:47.300real money and, um, you know, and build stuff and they're really successful at it and it's,
00:30:53.600and they've had failures and how they get through those failures, how they manage that,
00:30:57.860what they learn is just really fascinating. And then, and so, I mean, like being able to talk to
00:31:03.900Christian attorneys, um, is really interesting the way that they know the law and the way that
00:31:09.680they can actually use their Christian faith and helping other Christians when it comes to the
00:31:15.500quagmire and unjust legal system that we have, you know? So, and, and these guys are, a lot of
00:31:21.300them have this, uh, aristocratic sort of mindset where they really love their people and they
00:31:26.900care about their people and their families and their generations. And they're doing the work,
00:31:31.360um, that we've been, we've been talking about for a few years and leaving a legacy and building
00:31:36.680culture, building churches, schools, things like that. So these guys are doing it. They're just
00:31:40.900not on media. So you just don't know about it. I was going to say, that's the interesting thing
00:31:44.800is um the number of guys it's been cool that we get to meet like i didn't even know they existed
00:31:50.500but you talk about boomer mindset it was very typical of the boomers not to like invest like
00:31:57.840particularly like the w-2 side of it where you know you build your 401k you have your investments
00:32:04.720your stock portfolios whatever um but then if somebody said to you like hey do you want to
00:32:09.220invest in a local christian business to give men in our church jobs they'd be like oh no that's
00:32:13.260risky no i'm gonna sit on my nest egg i'm gonna spend it and then when i die i might give some
00:32:19.260to the cat library so but when you hang around these guys not at all how they think or even
00:32:24.380not at all you know their their children at the end like i saw it went very viral it was a tweet
00:32:29.020maybe two weeks ago and it was a guy it was a financial coach financial advisor and he was
00:32:35.620talking about a client of his who was you know in his early 60s sitting on 5.1 million dollars
00:32:42.060in cash and assets, uh, in stock portfolio, the whole nine yards. Um, and his son was in his
00:32:49.000thirties and had just was in the early kid years and was still renting, had never been able to buy
00:32:54.420a house. And, and he was the financial advisor said it took him like multiple years to convince
00:33:00.580the father. Don't you're thinking about giving this inheritance. That's good. But when you die,
00:33:06.960you need to help your son get a house now. Yeah, but it'll spoil him, Brian.
00:33:10.920And it took him some time, but he said he had just finished structuring a deal where he was able to give a $225,000 down payment gift. And that like a $5.1 million investment portfolio hardly touches the capital in that, the principal, a drop in the bucket and helps his son get a house. And he's like, do you want to, do you want to give him a big pile of money when you're dead? Or do you want to have a house where you can go play with your grandkids in the backyard?
00:33:35.840yeah and it's like this mindset shift that we got so locked into it's interesting to see how it's
00:33:41.320connected as well to policies to government policy trains us to think a certain way yeah the 401k
00:33:48.520the tax advantage of the way that we're we're funneled to invest uh social security it teaches
00:33:55.380us actually to think that way well in societally and part of that i think that's what you're getting
00:33:59.400it as like, you lock that money away for most of your life. Then when you're, I think now it's 67,
00:34:07.860when you're 67, then you can start to enjoy some of it. But, but even like, I woke up a little bit
00:34:15.520to this. Not, it's not like, it's not as good as leaving a legacy. And there's so many hedonistic
00:34:20.360failures of it. But like Tim Ferriss in the four hour work week, he does make a good point. He's
00:34:25.240like why would you save all your money for the period in your life where you're basically about
00:34:30.740to die well but it's tax benefited to hold on to it that long so you don't have to pay as much taxes
00:34:36.320on that money it's another golden handcuff it's the didactic policy it's the didactic function
00:34:43.320of law yes it law shapes custom yes it's not just the other way around so when you have a law that
00:34:50.700makes it incentivized to oh i'll get these tax advantages and then everybody advising you says
00:34:56.180well obviously you want the tax advantage you want this you want that that's really risky over there
00:34:59.840it creates customs that then you look back on and you say this custom doesn't make sense
00:35:05.400well the bad law created it and it's funny because among those family dynasties aristocracies things
00:35:11.760that still exist like if you went and talked to these guys and you're like so what's your 401k
00:35:17.020looking like they'd be like what like that's not i'll just go buy another business right and employ
00:35:23.960you know 50 people 401k i don't own 401 000 businesses i only own 11 i don't know what you're
00:35:29.400talking about what yeah so it's a very different way of thinking uh one of the other boomer things
00:35:34.800that's addressed in the book and i like how he addresses it because he's not like railing at
00:35:40.360boomers he's pointing out how it's unbiblical and unwise you know wise man leaves an inheritance
00:35:44.980to his children's children but he is also kind of giving them hope like it's not too late to start
00:35:51.680and like no matter where you are like because there are i've actually seen some older guys
00:35:56.460who are like yeah i think i want to get off the sidelines and maybe i want to dip my toes in some
00:36:00.880of the investment stuff but i think as you get older you start to realize i've seen this with
00:36:06.280so many older people um you okay let's say you make it to 67 you retire you might die at 68
00:36:13.060like there's a high probability as you get older people don't know this you know mortality rate
00:36:19.200undefeated well one of the interesting things with talking to these guys that are high net worth
00:36:24.380sort of men is that they have a different perspective of investments obviously than we do
00:36:30.720because when we think of 401k or your brokerage account or something like that you're looking at
00:36:35.860numbers and maybe technology or something like that that could separate a company right for what
00:36:41.320they do. What these guys are looking at, they're not just looking at a business, but they're
00:36:45.300investing in people. I think that's what you say, like guys are sitting on the sidelines.
00:36:50.060The difference is a, is a mentality shift to say, I'm not just investing in, in a business. I'm
00:36:55.140investing in people. I mean, a business is people, you know, and so much of the big S and P fortune
00:37:00.040500 companies, it's not about the people anymore. No, you know, it's, it's about the product. It's
00:37:05.900about the company. It's about the P ratio, things like that. But with these smaller businesses,
00:37:10.220it's definitely about the people you're investing in men to do good work to build things that last
00:37:17.640that's the important part so i think there's a when you're thinking about leaving a legacy
00:37:22.880you're also investing in your children and in your grandchildren and your great-grandchildren
00:37:29.100there's just a whole mentality that changes from from retirement you know making sure that you're
00:37:34.900going to be taken care of in your in your old age because guess what if you take care of your
00:37:39.100children and your grandchildren who's going to take care of you yeah i mean they will lord willing
00:37:44.340if you've done a good job and the lord blesses you and that's something he talks about in the
00:37:48.020book and um we'll kind of get into here in a minute but raising your children to run an empire
00:37:53.540or you know whatever the family business is but he's like yeah like the idea that your kid should
00:37:59.720have to go to college get out and then go search linkedin yeah is like sad so start businesses in
00:38:07.420you're I mean who hasn't done that though I've done it yeah I got a job but I look at that and
00:38:12.000then I also think yeah that's not ideal no like we need to start some businesses um and and
00:38:18.060particularly you know one of them is you can start much earlier um you know I have an 18 year old
00:38:24.500who's working full-time in a family business and it's like that's actually really beneficial
00:38:28.520um it allows them to start a family sooner they have resources they have to work hard
00:38:33.520yeah he doesn't have college debt classes trying to fill in a part-time job on the sides right
00:38:38.340like all of that is really delaying having children yeah and then i look i look back on
00:38:43.940my life let me wax poetic about my own regrets here as an older man no but i older yeah well
00:38:51.160okay a man in my prime how old are you guys uh 40 the very young age of 40 dan is actually way
00:38:59.340older than I am though. By the time this episode is released, I will be 41. Yeah. Like practically
00:39:04.640a dinosaur. Geriatric. I get AARP ads already. Three months. It's a three month. Yeah. Uh, you
00:39:13.140know, going through college, I took the long way around. I worked full time for a couple of years.
00:39:17.500Um, and then getting married a little bit older and then sinfully delaying having children and
00:39:23.560then trying to catch up. It's, I just don't want that for my boys. I'm tired, boss. I'm a 41 year
00:39:33.600old man. I've got a baby. I've gotten tired. Um, uh, anyway, I don't want that for my boys because
00:39:41.620I, man, like the setup that you have with your son that he's able to make like, you know,
00:39:48.640a living wage. He's not raking in cash like crazy. He's not a trust fund kid, but you've set
00:39:54.720him up to succeed so that he can have a family. He can continue to work. There's a clear path
00:39:59.900forward. It's not dead end. Like he's not going to be doing grunt work for the rest of his life,
00:40:04.380making the bare minimum just to get by. There's a clear, there's a clear path forward for him to
00:40:10.540grow into. And it's, it's just, it seems like a great blessing, you know, to your son to have
00:40:16.260that situation and i hope that for my boys as well well i think that's a big part of it too on
00:40:20.720the economic engine side so a lot of people could be asking like why do pastors care about
00:40:25.540economy in their local area and a huge part of it is a we want to keep our kids like retention
00:40:31.820is a huge part of it but the other part is um like like you're describing as i look out and i
00:40:38.640see all your kids and i see all your kids and i see these young wonderful beautiful families in
00:40:43.100our church. I look at each of those individual kids and I'm, I'm looking at Lars and I'm saying
00:40:47.860that kid is going to need a job one day. And in order to support his family and be a contributing
00:40:53.040member of this, this community. And so one thing that we don't have to start all the businesses,
00:40:57.960but we're definitely encouraging guys to say, Hey, if you've got that $5 million,
00:41:03.160what if you bought a small business where 10 people could work or, you know, 20, you know,
00:41:08.780and then you get into larger businesses, that sort of thing. But like a lot of people that's
00:41:12.040actually within reach um you know adam madden pastor adam he's been on this show he's talked
00:41:17.960about that same thing they were looking for productive family business found an existing
00:41:22.440dog kennel yep purchased it and we're like we're gonna run this as a family it wasn't like what is
00:41:28.300the passion of my heart that when i get up in the morning i think i just long to kennel dogs
00:41:33.560which is actually a really bad idea no to start with that because if i did that i would just go
00:41:39.780hunting every day until i ran out of money dan would be like i live in the wild i poach
00:41:45.360the hunting season is not every day just for the the dnr i do not he doesn't poach i don't
00:41:51.660poach he doesn't actually poach but i i think that sort of thing at like getting the community
00:41:55.460focus that loving your people is a like it's a full orbed thing right and we do want to care
00:42:03.340primarily as pastors for the spiritual but let's face it like are the men in our community going
00:42:09.720to be healthy if they have no jobs, if there's nowhere for them to work. And if they have to
00:42:14.920work at like that $30,000 a year job with, with no prospects. And I love seeing this in real time
00:42:20.620in our community. Like, you know, we've got a plumber and I won't, I won't give them away on
00:42:24.800the show, but great plumber in our church. I know him because he was, he not only cleared a drain at
00:42:29.700my house last week, they backed up and flooded my basement. Then in the course of that, I noticed
00:42:34.220that another one of my expensive household appliances was broken, my hot water heater.
00:44:04.040It's not just the guy with $5 million buying the business.
00:44:06.720Sometimes it's a guy that learned a blue collar trade and then said, I think I've got this, the business skills to do the sales necessary and the administration necessary.
00:44:16.360And then low and, you know, a couple of years later, you're employing people in your community.
00:44:27.060I think part of the fundamental shift, and this gets to kind of one of the first errors he talks about, is that your money is not yours to spend.
00:44:34.860Like, if you have an investment mindset, particularly investing in people, that's automatically you're not saying this is mine for hedonism.
00:44:43.240Like, it's just to make me comfortable.
00:44:46.320You're actually looking forward at the generations.
00:44:48.340You're thinking about the covenant promises.
00:44:50.120And you're saying, how can I leverage this to bless them?
00:44:53.780Which he gets into is like, that's the definition of charity.
00:44:57.060like loving people well with your resources uh you guys have seen this quite a bit so back to
00:45:04.360this your money is not yours to spend you've seen the celebrities who are boasting about how they're
00:45:09.540going to leave their kids nothing and they act like they're doing them a favor no i want them
00:45:14.020to start at the bottom i want them to go on linkedin and they need to find their own way in
00:45:18.240the world i just want to ask you first and foremost um what's wrong with this from a theological
00:45:25.600perspective i mean there's a lot wrong with it and maybe brian if you want to start and then dan
00:45:31.520we'll get your what's wrong well it just shows me that you're you don't have any substance
00:45:36.420like that you don't have any vision for the world or people or your progeny or your your nation
00:45:42.440you don't have a vision for the future you basically just you happen to make some money
00:45:47.200doing this thing that wow you became a famous actor like you lightning struck and you had you
00:45:53.100have found that you had this this strange very niche skill that happened to be very marketable
00:45:56.860in your time one of these people was jackie chan by the way he said this yeah so if you could finish
00:46:01.200whatever you're gonna say in like a chinese accent eric i've been in trouble a lot is he
00:46:07.220chinese i think he is he's jackie chan i mean what a great actor too i mean yeah it really pains me
00:46:14.860because you go but in this key area you're you lack substance because you don't actually
00:46:19.460you're just thinking about this one very shallow one-dimensional way of thinking about your
00:46:25.720children and basically you're you're you're confessing that you were bad at making virtuous
00:46:30.580people yeah as a parent that couldn't handle this blessing they they couldn't handle it they turned
00:46:36.460to drugs immediately it is extreme arrogance it is first to say like oh i was so good that i did
00:46:41.820this all by myself and you should be able to do it too yes if you just work hard enough or whatever
00:46:46.800not recognizing that it's either luck or providence or whatever you want to say um and so there's
00:46:52.860arrogance there yes i mean and then to to your point about not having quality children that
00:46:59.420could handle it like again i'm so great i can handle it but you cannot exactly just a very
00:47:05.240arrogant person part of it too and i agree with the arrogance so you think part of it's also just
00:47:09.340laziness like that if you were to parent well a you would have to have some sort of moral virtue
00:47:15.340guiding you you you know you would have to know christ you would have to you know commit your mind
00:47:20.440soul strength to the lord all these things like it requires a lot of you yeah they probably raise
00:47:25.720petulant children yeah don't deserve it actually but they do that anyway absolutely wicked this is
00:47:30.460because they didn't invest in their kids this is why i never understand like you know they're like
00:47:34.380well i don't want to spoil my kids by giving them my inheritance and we're like look how your kids
00:47:38.480turned out 30 years spoiling them and the other things there is a wrinkle to this that i that i
00:47:44.220learned about recently that i was like that's interesting comes back to some of the didactic
00:47:48.560quality of law creating custom is that one of the things that's happening some of the time
00:47:53.740with these kind of ultra wealthy or celebrities that say this is that they're actually lying
00:47:58.880for tax reasons really how do you do this tell me more about this lying for taxes
00:48:04.400i like this it's not they're lying they're not actually committing a crime but they're lying
00:48:09.520so what they're doing is sounds like a sin but okay there's forgiveness and repentance yep okay
00:48:14.040they actually give all their money they give all their money to a foundation and then they their
00:48:19.700foundation employs their children yes so they get the money through an end run that's tax-free
00:48:24.200so it's not technically a lie and that also gives them it does also do some of the thing that they're
00:48:29.700saying that like it gives them a salary instead of a hundred million dollars um that they know
00:48:35.520is on because the foundation there are rules about salaries you trust there's all sorts of
00:48:40.060You can't just, you can do that. You couldn't just open one and say, my salary is how much
00:48:43.760money do we have in the foundation this year? It's $50 million. That's my salary this year.
00:48:48.080It's all, you know, you can't do that. So there is some, um, some cause ultra wealthy people,
00:48:53.500they don't, a lot of them don't pay these taxes. They come up with end runs, but even back to that,
00:48:59.380the government gets it in the end because through NGOs and control of foundations and nonprofits,
00:49:05.640they, a lot of them ultimately subversively gain control of large foundations anyway.
00:49:10.060i recently got these new resistance candles and let me tell you these are not your grandmother's
00:49:16.560potpourri no no no these are scents that are real earthy and full of aromas that are actually
00:49:21.700masculine if your domain doesn't already smell like gunpowder and tobacco then first
00:49:26.220what are you even doing and second you can easily fix that by getting your own resistance candle
00:49:31.580the shall not be infringed scent is a personal favorite of mine go to resistancecandles.com
00:49:37.740and buy one or more candle and get a free one on us.