Valuetainment - November 21, 2025


＂Taxpayers Are Funding Useless Degrees＂ - Will America’s Labor CRISIS Force An Education REVOLUTION？


Episode Stats

Length

20 minutes

Words per Minute

201.68916

Word Count

4,195

Sentence Count

365

Misogynist Sentences

4

Hate Speech Sentences

5


Summary


Transcript

00:00:00.000 While you guys are talking about this with labor shortage, there's two stories I'm going to read to you.
00:00:03.680 And you tell me what direction we should go with this.
00:00:05.260 So one story, Ford comes out, CEO of Ford, Jim Farley, says he can't fill 5,000 mechanic jobs at $125,000 a year salary, $120,000 a year salary.
00:00:15.760 We're in trouble in our country.
00:00:17.760 Rob, if you want to play this clip, go for it.
00:00:20.600 As of this morning, we had 5,000 openings, a bay with a lift and tools and no one to work in it.
00:00:27.240 Are you kidding me?
00:00:28.020 No, $120,000 a job a year, but it takes you five years to learn it.
00:00:34.120 Take a diesel out of a super duty, it takes a lot of skill.
00:00:37.620 You need to know what you're doing.
00:00:39.860 And God forbid we ever get in a war, Google's not going to be able to make, you know, the tanks and the planes.
00:00:46.940 So this is a self-defense for a country issue.
00:00:51.000 But how I think about it is if we work together.
00:00:53.860 Wow, you can just pause it right there, by the way.
00:00:55.080 Did you just hear what he just said?
00:00:56.500 Yep.
00:00:56.800 He said, if we go to war, who are they going to go to to say, can you build this XYZ for me?
00:01:01.640 They're not going to go to Google.
00:01:02.600 They're not going to go to Apple.
00:01:03.540 They're going to go to these guys.
00:01:04.800 And it takes how many years, he said, to train to take a diesel?
00:01:07.720 That's it, Ray.
00:01:08.520 Five years training?
00:01:09.820 Master mechanic.
00:01:10.460 And by the way, he said it earlier when you said about education early on in the first three minutes.
00:01:14.500 But go ahead.
00:01:14.960 You were going to say something about that.
00:01:16.120 That is the whole problem right there.
00:01:17.400 What he's saying is that if somebody has to invest five years of their time and likely huge expense to become a master mechanic.
00:01:23.960 So, yes, they're promising a 120,000-year job, but somebody has to invest their time, effort, and money to become qualified.
00:01:31.520 And people do not want to take that risk.
00:01:33.800 Okay.
00:01:34.160 So this is coming to my next question, okay?
00:01:36.840 And I want to know what the solution is.
00:01:40.300 So if we have a labor shortage, if we have companies like Ford that are sitting there saying, hey, man, I need 5,000 people at 120.
00:01:48.780 I'm having a hard time.
00:01:49.800 If we go to war, how the hell am I going to build this stuff for you?
00:01:52.260 When the U.S. government comes knocking on the door saying, hey, guys, we need it right now.
00:01:55.920 We need you to build this for us right now.
00:01:57.260 Then a story comes out of Financial Times.
00:02:00.200 Number of new foreign students in U.S. falls 17% over Visa Warriors.
00:02:07.120 And, Jeff, I want to know what you're going to say about this.
00:02:09.680 You sound like a pretty reasonable guy.
00:02:11.200 So American universities, Rob, I think you've got a clip on this one here.
00:02:14.620 Is this she's just giving the report on it?
00:02:16.680 Yeah, she's just giving the news.
00:02:17.640 I'm just going to read this here.
00:02:18.580 It's fine.
00:02:18.800 American universities have suffered one of the sharpest ever declines in foreign enrollments in the face of tough policies from President Trump
00:02:26.600 with the number of new international students falling 17% this year.
00:02:31.640 A survey of 825 U.S. higher education institutions showed 57% report falling new enrollments by students while only 29% recorded an increase, any increase.
00:02:42.380 The result raised concerns over the impact on universities of declining tuition revenue, along with the less tangible effect that having fewer foreign students will have an innovation and economic growth.
00:02:55.260 So the data provided by the International Institute of Education is sponsored by the State Department compounds a drop of 7% in new international enrollments in 2425, including a fall of 15% among graduates who make up the largest short.
00:03:08.460 This is a significant decline, which shows that government policies have implications, particularly at the graduate level, where the U.S. benefits the most as Fanta, the chief executive of NAFSA, the Association of International Educators.
00:03:21.740 So when we're looking at this here, okay, and we're looking at labor shortage, Ford's having a hard time placing, companies are laying off, the debate about allowing others to come from other countries,
00:03:34.340 and President Trump says, we're going to have 600,000 Chinese students coming here to become students.
00:03:40.000 He gets pushed back by Laura Ingram, says, why not 300,000?
00:03:45.340 Well, you know, we want 300,000 more.
00:03:47.080 It's better to get the brains here.
00:03:48.400 You know, the colleges need students.
00:03:50.020 The colleges need money.
00:03:51.840 So, labor shortage.
00:03:54.800 Jeff, labor shortage, how do you solve it?
00:03:56.500 There is no such thing as a labor shortage.
00:03:58.320 Okay.
00:03:58.720 The problem with Ford is 120,000 salary is not high enough.
00:04:02.320 You want to fill those bays?
00:04:05.960 Pay the market rate, the rate that will get people off of the couch to invest in their time and effort and become those mechanics.
00:04:12.760 You think that would be the change?
00:04:13.920 Yes.
00:04:14.680 There's no such thing as a labor shortage.
00:04:16.680 The only labor shortage comes about when companies are refusing to pay the market.
00:04:20.480 Okay.
00:04:20.920 So then who, if he's choosing those numbers, if you go to salary.com, if you go to the-
00:04:32.300 Then you need to pay $250,000.
00:04:34.440 It's that simple.
00:04:35.460 You think at $250,000 he gets that $5,000?
00:04:36.880 I don't know what the number is, but I know it's higher.
00:04:39.720 So you think that's the solution?
00:04:41.500 This is the solution for any time.
00:04:43.160 So that's Ford.
00:04:43.660 And then the other thing.
00:04:44.300 Then go on the other one.
00:04:45.120 Yes.
00:04:45.220 Does anybody here really think the number of students in college correlates with anything that has to do with economic advance?
00:04:52.320 We've had more people in college over the last 40 years, and it hasn't contributed much to what's opposed to the advancement of the working stock of the United States.
00:05:04.640 You put more people in college, all it does is make money for the colleges.
00:05:07.440 And you said that to yourself when you read the article.
00:05:10.420 You said there's more money with the Chinese students coming in.
00:05:12.700 Does that actually advance American interests, whether it be economic or national interests, or is it just more money for the colleges to expand whatever it is colleges do these days?
00:05:20.860 Does it change if they're studying productive things, though, versus things that are not productive?
00:05:24.680 How do we know?
00:05:25.340 I mean, how do we know?
00:05:26.420 I guess what the economy needs.
00:05:27.500 Like if there's people who are unqualified for needed jobs, and then people start going to school for those jobs, is that more productive than people going to school for gender studies?
00:05:35.220 But that's the thing.
00:05:35.840 Do the Chinese students come in, and what are they actually studying?
00:05:37.800 They're not studying gender studies.
00:05:39.120 Are we sure?
00:05:40.420 A lot of Americans are, though.
00:05:42.560 But that's what I'm saying.
00:05:44.080 More people in college doesn't necessarily solve the problem here.
00:05:48.480 Yeah.
00:05:48.840 Rob, can you do me a favor?
00:05:50.460 I don't know about that.
00:05:53.200 Can we debate that?
00:05:54.620 Can we debate that argument and take the opposing position?
00:05:57.020 Are you comfortable taking it?
00:05:57.840 Take the opposing position.
00:05:59.060 Go with that.
00:05:59.880 Colleges do make the country more productive.
00:06:01.140 No, no.
00:06:01.880 Two things.
00:06:02.460 Not just colleges.
00:06:04.220 It's, okay, so if we are not willing to bring the best and the brightest in here.
00:06:11.600 The other day, I'm in Goldman Sachs, okay?
00:06:14.900 They had their orientation class.
00:06:16.580 I don't know if you caught what happened, Tom.
00:06:17.980 They had their orientation class.
00:06:21.040 I walked up to see who's at the orientation class.
00:06:24.360 Obviously, I'm not supposed to go there.
00:06:25.940 I walk up, and I'm just sizing everybody up.
00:06:27.940 You know what I'm sizing up?
00:06:29.240 What do you think I'm looking at?
00:06:31.040 What do you think I'm looking at?
00:06:32.860 That's the new orientation.
00:06:33.880 I can't.
00:06:34.340 It's a new orientation hire.
00:06:35.740 But what do you think I'm looking for?
00:06:37.900 Their eyes?
00:06:38.920 Like, what their eyes look like?
00:06:39.680 I want to know ethnicity.
00:06:41.200 I want to know age, okay?
00:06:43.180 And then I want to know attire.
00:06:44.760 Because I want to know what's the dress code expected when you're going through the orientation.
00:06:48.600 I want to know ethnicity.
00:06:50.100 I want to see patterns.
00:06:51.420 I walk up.
00:06:51.880 For something like that, it's young male agents.
00:06:54.080 Well, it's interesting.
00:06:55.680 Then I walk with them.
00:06:56.420 They put a security right in front of the door immediately.
00:06:59.060 When we came back, Tom, I don't know if you noticed that part or not.
00:07:02.100 So, you know what you notice?
00:07:05.520 You go on a floor.
00:07:06.600 One of the biggest insurance companies in America.
00:07:08.980 300 engineers.
00:07:10.300 80% all Indians, okay?
00:07:12.460 Who are there.
00:07:13.460 Of the 80% that are Indians, some of them came to us from IIT Institute, which in many
00:07:18.420 cases, IIT Institute crushes MIT when they put them against each other on education.
00:07:23.160 It's very hard.
00:07:23.900 One out of every 40,000 applicants gets accepted to IIT Institute.
00:07:26.840 Some weird number like that, Rob.
00:07:28.180 We can verify, so I'm pretty accurate on what percentage of folks make it to IIT Institute,
00:07:33.860 not MIT, IIT Institute.
00:07:36.960 So, should we not entertain taking the smartest, the brightest of other countries to come here
00:07:43.360 and help us out?
00:07:44.040 Or should we do it the other way around and make the investment here?
00:07:49.720 That's also the debate.
00:07:51.160 And I know we've had this debate, and it's something most people are not comfortable with.
00:07:54.500 But what would you say about that?
00:07:55.720 I think we could do both.
00:07:56.680 I think that we could be very selective of who we take here.
00:07:59.280 And yeah, of course, we want phenoms and people who are excellent.
00:08:02.660 But no, we don't want to get into a situation where we're deciding to choose somebody from
00:08:06.980 overseas because it's cheaper and because the employer here...
00:08:11.080 That's cheaper.
00:08:11.520 I'm not worried about cheap.
00:08:12.940 I'm willing to pay whatever the market price is, and even a little bit more.
00:08:17.040 I'm not saying 25 percentile.
00:08:19.180 I'm saying 50, 75 percentile.
00:08:21.200 Like, you actually are willing to pay the money to get the best of the best.
00:08:23.900 Yeah.
00:08:24.720 And if it's the best of the best, that's fine.
00:08:26.380 Like, that's a net positive.
00:08:27.420 If it's a small number of people, you're very selective with it, then that's one thing.
00:08:30.260 But I think it kind of bleeds into the wage thing where people or companies feel like
00:08:35.120 they could pay less for people who come from overseas.
00:08:37.060 No, that's not what I'm thinking.
00:08:38.060 I'm just thinking the competition of if we have certain jobs that maybe we're not doing
00:08:46.700 a good job training in, should we not put some competition for others to come in and,
00:08:51.340 you know, compete for those jobs?
00:08:53.320 Or should we wait?
00:08:54.960 Now, his solution is there was 5,000 jobs at 120.
00:08:58.400 If he offered a 250, he didn't.
00:08:59.780 He's just making up a number like you're just spitballing here.
00:09:02.400 If it's 250, he's going to get those jobs placed.
00:09:04.820 Maybe there's a point to it where you can, but is that the solution?
00:09:11.100 Do I pay 80% above what the market is paying for me to hire whatever the person is?
00:09:16.840 Do I compete and bring some other people that want those jobs?
00:09:20.300 I don't know.
00:09:20.940 I'm asking.
00:09:21.600 I'm debating to see.
00:09:23.600 93% of all student loans come from the government.
00:09:26.180 So why are we giving loans to people who are matricing in unproductive things?
00:09:29.700 Like, if we need certain jobs.
00:09:30.980 I love that idea.
00:09:31.680 Yeah, if we need certain jobs, why not just give loans for the majors that we need?
00:09:36.160 Then we'd have a bunch of engineers and, you know, AI people or whatever, the mechanics,
00:09:40.680 whatever we need are.
00:09:41.420 We could flood the market with that if we only give loans for that for a couple of years
00:09:44.780 for college students.
00:09:45.860 But, you know, we still have a whole mix of some useless job, some useless degree,
00:09:49.660 some important degree.
00:09:50.420 So I think we could steer the future education in whichever direction we want to if we use the
00:09:55.020 power of the student loans.
00:09:56.840 What do you think?
00:09:57.380 One of the problems with that is that, you know, like you said, the government gets involved
00:10:01.400 in the business and then it becomes a price thing because the price of education goes
00:10:05.280 way up, which means that people are spending an inordinate amount of money on degrees that
00:10:08.920 don't ever pay back.
00:10:10.040 Yeah.
00:10:10.280 That's what we're saying when they're unproductive.
00:10:12.000 Unproductive is you're not really creating value there and the value proposition is all
00:10:15.120 screwed up by the government's interference.
00:10:17.040 So you don't have a labor market that is actually elastic enough to meet the match needs.
00:10:22.000 People are confused about, you know, which direction we go.
00:10:25.100 This, again, gets back to the Ford thing.
00:10:27.380 With Ford not paying the market rate for mechanics, that skews where people go.
00:10:33.060 We want more people in trade schools to be able to do that, but yet they see the wage
00:10:36.460 rate is $120,000.
00:10:37.820 That's not really enough because I'm going to have to make a major expense to educate
00:10:41.960 myself.
00:10:42.840 But if they were paying $250,000, that would draw more people into trade schools.
00:10:47.520 So there is screwed up market signals all throughout the educational system because of the government's
00:10:53.240 interference.
00:10:53.780 And it's not really about deciding which jobs are going to be productive.
00:10:57.160 It's the fact that we flooded these colleges with just students.
00:11:00.540 I mean, we tell kids from the very beginning, you need to go to college.
00:11:03.600 You need to go to college.
00:11:04.340 You need to go to college.
00:11:05.040 And half the people should never go to college.
00:11:06.940 But because they go to college, the price of college goes way up and it screws up the
00:11:11.360 market signal for the entire labor market.
00:11:12.980 I agree with Brandon.
00:11:15.080 The point I'm making is that maybe we don't need to keep pushing people to college, whether
00:11:18.780 they be U.S. or foreign-born.
00:11:20.200 But check this out.
00:11:21.020 Here's a question.
00:11:21.800 So what if we go his route?
00:11:24.080 You know, you're at the meeting yesterday and all these guys are talking about, I'm a
00:11:29.260 G5.
00:11:29.840 I'm a G3.
00:11:30.580 I'm a G2.
00:11:31.320 I'm a G4.
00:11:32.520 You know, fifth generation wealth, first generation wealth, second generation wealth.
00:11:37.140 And then the one thing, one of the families, they did a family reunion annually.
00:11:42.440 90 people show up.
00:11:43.840 And it's getting more and more complicated.
00:11:45.940 The family had the biggest cheese company in Wisconsin, Sargento.
00:11:51.140 Am I saying correctly?
00:11:52.120 Sargento.
00:11:52.560 Sargento.
00:11:53.080 Yes.
00:11:53.240 1.7, 1.8 billion dollars in revenue.
00:11:56.240 And one of the kids was talking about, you know, where it's at.
00:12:00.180 A lot of people, people, oh my God, it's a 1.7 billion.
00:12:02.180 Every kid must be a billionaire in that family.
00:12:04.020 That's not the case because you have to share that with two, 300 people eventually.
00:12:08.280 You know, 100 people, eventually you got grandkids, all this stuff.
00:12:10.380 But if you don't hit certain numbers, the family doesn't fund your education.
00:12:17.580 If you don't go through certain criteria, I actually love the most basic concept of if you're not getting a degree in XYZ, why are taxpayers funding it?
00:12:28.880 No.
00:12:29.420 By the way, you're a taxpayer watching this.
00:12:31.100 I'm talking to you.
00:12:32.020 You're watching this podcast.
00:12:32.980 Just to be very honest, can you guys just flood the comment section, and if you do a super chat on this topic, I will read it.
00:12:40.380 I don't care what the dollar amount is.
00:12:42.500 What would you say are jobs that if the government is funding to get a degree, let's just say some of these folks that we're paying for, what positions would you be okay with?
00:12:54.960 What type of degrees?
00:12:57.140 What would you say?
00:12:57.820 I'm okay with that.
00:12:59.040 I'm okay with this.
00:12:59.800 What would you for sure be against you funding?
00:13:03.260 You're the taxpayer.
00:13:04.080 What would you be against you funding?
00:13:06.180 There's no way in the world I want to pay for that.
00:13:07.880 What would it be?
00:13:08.780 Think like a parent.
00:13:10.420 Your kids.
00:13:11.740 If they say, Daddy, you have money.
00:13:14.360 I want you to pay for my college tuition.
00:13:17.920 What wouldn't you pay for?
00:13:19.300 You'd be like, you're out of your flipping mind.
00:13:21.780 I'm not paying for that.
00:13:23.000 Right?
00:13:23.480 What would it be?
00:13:24.220 Can you guys comment below?
00:13:25.360 Rob, can you read off some of the stuff that people are saying?
00:13:27.780 You know, okay, so engineering they pay for.
00:13:30.340 Trade schools.
00:13:31.640 I'm seeing multiple trade schools.
00:13:33.120 Trade, trade.
00:13:33.800 By the way, Amir, trade school.
00:13:35.880 Timbo, trade, trade, trade.
00:13:37.540 Abraham Peters, he just gave a super chat, but not an answer.
00:13:40.420 So trade school.
00:13:41.800 Social studies, not paying for that.
00:13:44.100 Trade school.
00:13:44.740 Engineering.
00:13:45.200 By the way, 50%, 30% of the answers here are trade.
00:13:49.100 Engineering.
00:13:50.040 Okay?
00:13:51.540 Fashion design, not paying for it.
00:13:53.260 Plumbers, against all of it.
00:13:54.740 Against paying anybody.
00:13:55.780 Can we remove political science from the list, too?
00:13:58.880 Of course, political science.
00:14:00.060 I mean, why would you get that, right?
00:14:01.440 Well, you know, Tom, what do you think about what Brandon is saying?
00:14:03.920 Because I kind of agree with him.
00:14:05.260 As a parent, you told your daughters, right?
00:14:08.280 You had certain things that you're not paying for college degrees.
00:14:11.240 How come we're not doing that?
00:14:12.120 That's a very easy, common sense decision to make.
00:14:15.020 Well, I'm going to add a word to the debate here.
00:14:17.900 Underwriting.
00:14:18.580 We were talking about insurance.
00:14:20.020 I basically taught my daughters what the word underwriting meant.
00:14:24.240 Underwriting is the process by which a life insurance or an insurance will put a price on your policy based on risk.
00:14:32.280 How old are you?
00:14:32.900 Do you smoke?
00:14:33.460 Have you had cancer?
00:14:34.300 What kind of car do you have?
00:14:35.240 Is it in a garage?
00:14:36.440 Underwriting is all around us.
00:14:37.680 And I expose to them underwriting.
00:14:39.300 I will cover your education and do things based on the usability and the value of the major.
00:14:48.040 You don't have to go into venture capital or that line like I did or something like that.
00:14:52.840 You don't.
00:14:53.480 But find something that matches your heart.
00:14:55.180 But let's go find something that's applicable.
00:14:57.420 And they completely understood it.
00:14:59.460 I gave them facts and data.
00:15:01.000 So I think we cause student loans.
00:15:04.320 If they're going to be independent student loans, go sign for your kid.
00:15:08.040 Let your kid get whatever you want.
00:15:10.060 But you co-sign for that loan the same way that you co-signed for their first checking account when they were 16 years old.
00:15:15.900 I had to do that for Bailey to get her the checking account.
00:15:19.120 Pat, I had to stand good for a $500 visa that's attached to her checking account.
00:15:23.300 You know where I'm going?
00:15:24.100 Yeah, of course.
00:15:24.340 The government didn't help me.
00:15:25.580 Yeah.
00:15:25.860 But if the government would say, well, look, if you want to co-sign for your kid to have gender studies at Brown and you want to co-sign on that,
00:15:37.380 go to your bank and get whatever student loan for your kid and co-sign for it.
00:15:41.020 But if you want the federal effing government to stand beside that and then to put one of their, you know, horrifying loan processors,
00:15:51.280 these predatory loan processors on student loans, then wait a minute, wait a minute.
00:15:55.420 The underwriting standard for the United States would be this.
00:15:57.620 Now, the second thing, I'm going to give you another fact.
00:16:00.040 $44 billion comes into the economy because foreign students, by and large, don't get loans.
00:16:07.280 They come with money from those countries.
00:16:09.660 $44 billion comes in because they pay the tuition, they pay for books, they pay for room and board, they pay for food.
00:16:16.520 And once they pay for food, they pay for toilet paper.
00:16:18.500 So they're here out in the United States spending $44 billion on that.
00:16:23.540 And so they come back.
00:16:24.860 Now, here's the next part I go to.
00:16:27.800 You force the universities to use their endowments to subsidize everything from, you know, professor salaries to the tuition.
00:16:41.100 The purpose of the endowment used to be that, hey, I want to give Pat a scholarship.
00:16:46.500 Hey, Pat, you're trying to – and by the way, I talked to friends that did this.
00:16:50.100 They're holding a letter from Stanford and a letter from USC.
00:16:53.540 This is a real case study.
00:16:55.500 And they're looking at who's going to give you the best financial aid because you're an exemplary student from Glendale.
00:17:01.140 And they're looking at it and says, you know what, I'm going to USC because I can get an engineering degree both places.
00:17:06.040 I can get a business degree both places.
00:17:07.940 But guess what?
00:17:08.420 I get a little bit better deal from USC.
00:17:09.920 I'm going.
00:17:10.740 Guess where that came from?
00:17:11.680 Their interest and their profits and their endowments.
00:17:13.640 How much did you say, Tom?
00:17:14.300 $44 billion?
00:17:15.480 $44 billion comes into the U.S. economy in tuition and other spending from foreign students.
00:17:19.600 So what do you do with that?
00:17:20.740 You're the president.
00:17:21.560 You're an advisor.
00:17:22.320 Do you say no?
00:17:23.380 If you say no, that means that that money doesn't come in.
00:17:27.240 And so the schools are going to scream that they need that.
00:17:29.340 Which would you rather have, the money coming in or the government financing a fine arts degree?
00:17:34.280 Taxpayers paying for it.
00:17:35.240 I step on the air hose at the federal government level.
00:17:37.580 Which one of the two are you against more?
00:17:39.960 Because there's an audience that's going to say, I don't want neither.
00:17:41.860 I would turn down the foreign student visas, not to zero, some comes in, and then I would adjust what the U.S. taxpayer is going to underwrite on those student loans, and I think you're going to get there.
00:17:56.700 Okay.
00:17:57.040 Let me read some of these super chats because I rarely ask for this.
00:18:00.360 So limit federal student loans to those technical skills and jobs that this nation needs to grow.
00:18:06.860 No student loans for gender studies.
00:18:09.260 This is OFD56.
00:18:10.980 Okay.
00:18:11.200 Next one.
00:18:12.100 Trade skills and STEM careers.
00:18:13.640 This is Blake Castillo.
00:18:14.960 Okay.
00:18:15.620 Next one.
00:18:16.240 Elevate to the unknown.
00:18:17.800 Management and formation systems.
00:18:19.840 Okay.
00:18:20.140 Next one.
00:18:21.240 From Razor3i9.
00:18:24.140 Fund technical engineers STEM with a contingency of commitment, a.k.a. they work for the government for two to four years.
00:18:31.000 This also provides a return on investment and gives experience for private sector.
00:18:35.600 Interesting.
00:18:36.980 I agree.
00:18:37.740 For Abraham, the answer to Ford is hiring from high school shop class as interns and train them up to master mechanics.
00:18:45.220 Now, I don't know if that's – but I like the fact that you're seeing what everybody else is saying.
00:18:49.460 Common sense.
00:18:50.500 Why are we paying for this stuff?
00:18:51.820 It doesn't make any sense to me that we're funding this stuff.
00:18:53.500 I think you've got a very good point there you're making, Brandon.
00:18:55.380 Thanks.
00:18:55.640 Jeff, I think you want to say something.
00:18:56.560 I was going to say that's not what government does.
00:18:58.180 Government doesn't do common sense.
00:18:59.600 Yeah.
00:18:59.800 Well, that's a good point.
00:19:00.680 If you've got big plans for 2026, I am telling you right now, I can't tell you how many conversations we're having about business planning.
00:19:06.440 There's a reason why we went less than 22 hours to Dallas and come back because we want to see exactly what's happening with 2026.
00:19:13.620 We're planning for our family, for our businesses ourselves.
00:19:16.620 And if 2026 is a big year for you as well, I want you to watch this clip.
00:19:19.840 Rob, can you go to the clip with the Jenga to show them what happens when it comes on to business plan and how all of these things are necessary?
00:19:27.580 Go ahead, Rob.
00:19:28.860 Business is a lot like Jenga.
00:19:30.580 Every piece matters.
00:19:32.680 You need a vision.
00:19:34.340 Just carefully.
00:19:36.400 Ooh, fool, fool.
00:19:37.440 You need capital.
00:19:38.820 You definitely need capital.
00:19:41.340 Let's put this here.
00:19:42.060 Ooh, listen, hanging on one piece here, by the way.
00:19:44.540 You need the right team.
00:19:46.180 For sure.
00:19:47.220 This almost fell off, by the way.
00:19:48.360 You need sales.
00:19:50.540 As good as this looks, if your foundation isn't built on a good business plan, you know what happens?
00:19:57.580 The whole thing crumbles.
00:20:04.220 If you have big plans for 2026, on December 12th, I'm hosting an event called the Business Planning Workshop,
00:20:12.920 where all day we go through the 12 building blocks of writing an effective business plan.
00:20:19.100 So this doesn't happen to you.
00:20:20.720 If you have a good register, click on the link below.
00:20:23.080 Let's spend an entire day together on December 12th.
00:20:26.260 Looking forward to seeing you there.
00:20:27.940 Folks, click on the link below.
00:20:29.500 Get registered.
00:20:30.960 You can watch it with your friends, family.
00:20:32.940 And this is going to be people watching.
00:20:34.660 It's from 100-plus countries.
00:20:35.940 And you can find a way to just get registered at the lowest level.
00:20:38.360 Or you can find a way to be on the screen so everybody can see each other.
00:20:40.680 And at the end, we'll do a Q&A for 90 minutes.
00:20:42.260 If you enjoyed this video, you want to watch more videos like this, click here.
00:20:45.200 And if you want to watch the entire podcast, click here.