“You’re 35 Not 21” – Patrick Bet David Goes OFF On Failure To Launch Culture
Episode Stats
Harmful content
Misogyny
5
sentences flagged
Toxicity
7
sentences flagged
Hate speech
3
sentences flagged
Summary
One in three adults under the age of 35 is still living with their parents, a record number of 25 million people under 35 are still living in their parents' homes, and the median home price has hit $430,000, more than double what it was before the pandemic.
Transcript
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wish you could skip this ad we get it wish you could just skip to retirement
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terms and conditions apply an article comes out saying one in three adults under the age of 35
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lives with parents as housing costs soar and adam i want you to transition into this story
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not go to previous two stories okay on this story so one in three adults under the age of 35 lives
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with parents as housing costs soar if you want to play this clip go for it realtor.com reveals that
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A third of young people are still living with their parents.
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These are not strictly college students looking to save money on room and board.
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We're talking about a record 25 million people under 35, higher than at any time in history.
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Now, that includes more than 20% of 25- to 29-year-olds and more than 10% of 30- to 34-year-olds.
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These young people aren't just sitting around at home.
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A lot of them say that they haven't left the nest because they can't afford one of their own.
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The median home price last year hit $430,000, more than 34% before the pandemic.
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The median monthly rent has climbed nearly 18%.
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So, okay, when you see something like that, under the age of 35, living with parents, 30 to 35 was what, 12.7%.
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Under 30 was 21 to whatever the number was, 21.7%, 20.4%.
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These are not, the way she said it, these are young people.
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You may have a couple gray hair when you shave.
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Go eat a full pizza at 35 and see what happens to your belly the next day.
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35 is not 21 years old or 22 years old trying to figure life out.
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Remember that about the kid that never moved out?
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Adam, when you see this stat, what do you think about?
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So one in three adults under 35 of living with their parents,
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You have the losers, and then you have the winners.
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I would say the losers are using their parents as a crutch.
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I don't know why the world is changing so fast.
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Good luck if that's your methodology and ideology.
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If you are one of those people that is living at home and under 35,
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So over this year, I'm gonna save 20-something grand.
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If I live at home for the next three to five years,
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All these little sort of like minor little things
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Owning a house is maybe as difficult as it's ever been,
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Are you going to sit there and cry that housing is expensive
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The losers will complain while the winners will figure it out
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Hey, don't call him out because Dylan's got competition.
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And by the way, it's a lifetime of going to soccer matches,
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You know how many weekends we drove miles and miles and miles,
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and he scored zero goals or played a quarter or two, and that's it?
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His career, he's had two hat tricks in his career.
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This weekend at an IMG tournament, five games out of the five games, three games.
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And I'm actually being like, you know, openly, he may be moving out of the house in the next 12 months.
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You know, sometimes you order chicken parmigiano,
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they bring something this massive that you can reach somebody.
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This was the right amount of chicken parmigiano they brought in.
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The balsamic glaze was thick enough, and they had this, what do you call it,
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You know how they cut these small little tomatoes and they're different colored tomatoes?
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So we go there, and you and I went there last time,
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And a lady comes, sits right in front of us, and Vinny just goes like this.
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Sits right there, and I'm like, Vinny, your future wife just arrived.
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The husband shows up, screws the whole thing up.
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But anyways, so we're there yesterday, and this kind of applies to these 35-year-olds
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I start doing career planning with one of the kids at the dinner table.
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But we leave, and he's like, I feel like you're steering me in a certain direction with career,
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and I want to be able to choose what I want to do.
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I said, you think I'm steering you in a certain direction?
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For two hours, I'm sitting there on a drive back because it's a four-hour drive back,
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I'm like, I'm going to have a conversation with this guy when we get home.
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And all of a sudden he comes and he says, Dad, can we talk?
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I do this with everybody in my life, everybody, my spouse, my peers.
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It doesn't matter if it's here, employees, executive, investors.
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Every relationship in your life, there's five things you've got to address with each one of them
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Concerns, motives, assumptions, fears, and asks.
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Concerns, motives, assumptions, fears, and asks.
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So I sat down, took out a piece of paper, took a picture of it because it was a very good moment for us that we had together.
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So I said, tell me what your concerns are, and I'll tell you if it's a real concern that I think about or not.
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I don't care if you go to college or not go to college.
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I said, do you know your dad wrote a book called Drop Out and Get Schooled with Tom?
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He said, you wrote a book called Drop Out and Get Schooled?
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He said, well, Charlie wrote a book called College is a Scam two years ago.
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I said, bro, I made a video of College is a Scam seven years ago.
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If you go on YouTube, type in College is a Scam 2000 and type in College is a Scam by David.
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And you'll see then Tom and I wrote a book called Drop Out.
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I said, I don't care if you want to go to college or not.
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If you go on YouTube, honestly, stop using DuckDuckGo in this process you're using.
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Just go on YouTube, type in college is a scam, but David.
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So then we went through, we went through right there, the third one, okay?
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That video we made with the help of Gerard Michaels-Heron.
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If you guys remember Gerard, we worked on that together.
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He cut it, and he did a very good job with the team.
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I said, what are you assuming I'm thinking right now?
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So he said, my assumptions are that you want this.
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okay, that's good. I thought that. My assumptions are this. I said, that one, you're right. But let
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me add another one for you to be, I said, is this one of them? He said, I actually don't even think
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about that at all. Do you think about this? No. So I clarified my assumptions of what he's assuming.
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He clarified his assumptions of what I'm assuming. So we went to the next one. I said, so what are
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your motives? He said, man, I just want to be able to live my dreams. I said, tell me your dreams.
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Boom. So what do you think my motives are? Probably the same. I said, okay, great. What are the motives
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you got? Boom, boom, boom, boom, boom. I said, do you think I want you to be in the family business?
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I said, do you think if you don't, I will be hurt?
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I said, but do you think if you never come into the family business,
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And he says, honestly, I don't really have any fears.
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Then he sat down and he said, these are my asks.
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I'll share with you afterwards when we're together.
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We'll go to dinner because I want him to express it to you.
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This became, when Mommy came downstairs, I said, can you tell Mommy,
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out of all the meetings we've had, and you've been part of many of them
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in your truck when we're sitting there, I said, out of all the meetings we've had,
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He says, this is the second best meeting you and I have ever had about my life.
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Reason why I share this with you is because one of the greatest architects of our lifetime in Barcelona,
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If you guys can just search him up, thank you so much.
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He starts working on this property the last 43 years of his life.
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I've been to the property when it wasn't yet done in 2008.
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Vinny, do you know what's crazy about the Sagrada Familia?
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why are you so excited about building a property
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He said, I wanted to build a Bible made out of stone.
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Vinny, it looks ridiculous when you walk into this place.
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As a parent, we need to understand that we need to become better parents.
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And number two, we need to be patient with the development with our kids.
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get out there and figure this thing out so by the way parents july 1st 6 p.m i'm hosting a free
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webinar on how to raise strong kids in a weak culture and we're talking about six different
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types of fathers and many conversations to have with your kids these are 10 important conversations
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to have your kids if you haven't yet registered for go to vtwebinar.com register free we'll sit
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down we'll go through all this stuff and at the end i'm going to give you notes and different
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resources for you to use as well but uh july 1st 6 p.m eastern standard time go to vtwebinar.com
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rich i got so many i got thousands of messages of people telling me i'm getting on with my wife
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we're getting on with all our kids i'm getting on with my husband i'm gonna force my husband to get
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on i can't wait to spend that time with you guys and uh just please don't bring your 35 year old
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i can't do anything about that can i ask you a follow-up of course what do you call these
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five rules question what's the methodology by the way your girl has it you have it with her
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me and tom have it when tom and i were selling php tom and i had a very important meeting
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and we sat down and he says pat i have only one request one ask and one concern in our
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relationship it's between us it's nobody's business but we sat down and we covered it
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It was a short conversation, but it was a long discussion because it led to all kinds of stuff about the pandemic.
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How many issues do we have after the specific concerns and asks that we both had?
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My concerns, my ask, and your concerns and your asks?
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It doesn't mean we haven't disagreed and bumped.
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Tom and I, since that conversation till today, have had zero major issues.
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Now, keep in mind, did we have a major, major, major issue, Tier 10, Tier 1, say 2017?
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But both of us had to mature because he knows I love him, and I know he loves me.
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We had an incredible dinner at Ocean Air, January of 2021.
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It was one of the best moments the four of us ever had together.
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So this applies to every relationship in your life.
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Concerns, motives, assumptions, fears, and asks.
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I mean, I don't know if there's an acronym for it or a title for something like this.
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But in any aspect of your life, relationship, work, whatever, getting these five things out of the way, I think, is a major.
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By the way, I've been doing this with managing.
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Any relationship I did it with, we moved on and we grew from it.
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Let us have some of it, but I first want you to watch this video,
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