$100K/Month Instagram Secret GONE: Millionaire's New Move | Jason Stone DSH #989

Summary

Digital Social Hour Podcast – Episode: "$100K/Month Instagram Secret GONE: Millionaire's New Move | Jason Stone DSH #989"

Host: Sean Kelly
Guest: Jason Stone
Release Date: December 17, 2024

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1. Introduction

In this episode of the Digital Social Hour, host Sean Kelly welcomes longtime acquaintance and social media mogul Jason Stone. Their conversation delves into Jason's journey through the digital landscape, exploring both his triumphs and setbacks.

[01:25] Host: "Got someone I've known for, damn, eight, nine years now, Jason Stone."

[01:29] Jason Stone: "Thanks for having me."

2. Instagram Account Crisis

Jason Stone opens up about a significant setback: the sudden disabling of his high-revenue Instagram account after a decade of consistent growth. This account previously generated between $50K to $100K monthly through various monetization strategies.

[01:53] Jason Stone: "The millionaire measure is actually disabled right now. First time in ten years."

He explains that the disabling was due to multiple copyright violations, primarily from using copyrighted footage in his content without proper permissions. This incident underscores the precarious nature of relying heavily on social media platforms.

[02:16] Jason Stone: "There are businesses that are built just to go after people that post their copyrighted work."

3. Transition to Algorithmic Trading

Facing the loss of his Instagram income stream, Jason shifts his focus from manual trading to algorithmic trading. He introduces his new venture, Effing Capital, which leverages algorithms to navigate the volatile forex and crypto markets more efficiently.

[09:11] Jason Stone: "So that's kind of like where I'm dabbling right now. Trying to build a business called Effing Capital and that's going pretty good."

4. Algorithmic Trading and Effing Capital

Jason elaborates on Effing Capital, highlighting its robust performance metrics and the integration of artificial intelligence to enhance trading strategies. He boasts an impressive average return of 7% per month over three years, with some months reaching up to 20%.

[11:54] Host: "What percentage return on average per month have you been seeing with these algorithms?"

[11:55] Jason Stone: "We're doing about 10."

He emphasizes the importance of a solid track record and disciplined risk management, maintaining a 2:1 drawdown ratio to safeguard capital during market downturns.

[14:17] Host: "The drawdown needed for that is just too high. The risk is too high."

[14:20] Jason Stone: "So our. What's really dope about ours is only two to one drawdown ratio."

5. Critical Views on Cryptocurrency

Jason shares his disenchantment with the crypto market, citing personal losses from simple errors like copy-pasting incorrect wallet addresses. He argues that the complexity and high volatility make crypto a less viable future for mainstream finance.

[16:03] Host: "Even 7 is fire."

[16:04] Jason Stone: "Most people will love that in the year."

[17:03] Jason Stone: "I have zero crypto."

His skepticism extends to the usability of cryptocurrencies for everyday transactions, advocating for simpler, more secure systems akin to Venmo.

[17:42] Jason Stone: "Yeah. So that I don't think. I don't think bitcoin is going to be like over 100k ever."

6. Real Estate and Future Investments

Though primarily focused on algorithmic trading, Jason mentions dabbling in real estate. He aspires to establish a regulated trading fund, ensuring compliance with U.S. regulations and offering safer investment opportunities for clients.

[19:13] Jason Stone: "I do a little real estate here and there, but nothing to brag about."

[19:26] Jason Stone: "We are going to plan on making a fund out of it."

7. Jiu Jitsu and Gym Ownership

Beyond the digital realm, Jason is passionate about Jiu Jitsu. He co-owns a gym in Wynwood, Miami, which serves as both a business venture and a personal sanctuary. Despite significant financial investments and operational challenges, Jason remains committed to providing valuable skills and fostering a supportive community.

[24:44] Host: "I don't like the pick your brain line, dude. That gives me like, goosebumps."

[25:22] Jason Stone: "I've been doing that for five years. I love it."

He discusses the physical and mental benefits of martial arts, emphasizing its role in building confidence and self-defense capabilities.

[27:15] Jason Stone: "Like, this is a skill that you will learn and have for life."

8. Personal Development and Self-Defense

Jason advocates for learning combat skills as a means of personal development and safety. He recounts his own experiences and the discipline required to advance in Jiu Jitsu, highlighting the importance of perseverance and continuous learning.

[31:45] Host: "What would be your move if you wanted to kill someone?"

[31:49] Jason Stone: "Get to the back. Yeah. Get your back and then rear neck. A joke."

9. Conclusion and Takeaways

As the conversation wraps up, Jason provides resources for listeners interested in his trading ventures and personal endeavors. He encourages aspiring entrepreneurs to stay resilient and adaptable in the face of digital platform challenges.

[32:26] Jason Stone: "So effingcapital IO is algorithmic trading. Millmentor.com is the blog."

[32:39] Host: "And if you could get his Instagram back. Guys, he's got 30k waiting for you."

Key Insights and Takeaways

• Platform Dependency Risks: Jason's experience underscores the vulnerabilities tied to relying heavily on single digital platforms for income.

• Algorithmic Trading Potential: Transitioning to algorithmic trading can offer more stable and scalable income streams, especially when combined with AI and disciplined risk management.

• Skepticism Towards Crypto: While cryptocurrencies offer innovative financial opportunities, their volatility and complexity may limit mainstream adoption.

• Value of Martial Arts: Learning disciplines like Jiu Jitsu not only provides self-defense skills but also fosters confidence and mental resilience.

• Diversification and Resilience: Diversifying income streams and staying adaptable are crucial for long-term success in the ever-evolving digital landscape.

Notable Quotes with Timestamps

• Jason Stone on Instagram Disablement:

  [01:53] "The millionaire measure is actually disabled right now. First time in ten years."

• On Algorithmic Trading Returns:

  [11:55] "We're doing about 10."

• Views on Cryptocurrency:

  [17:03] "I have zero crypto."

• Advocacy for Jiu Jitsu:

  [27:15] "Like, this is a skill that you will learn and have for life."

Where to Follow Jason Stone

• Effing Capital: effingcapital.io
• Millionaire Mentor Blog: millionairementor.com
• Personal Instagram: @Jason__Stone

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Jason Stone's candid discussion offers valuable lessons on navigating the complexities of digital entrepreneurship, the importance of diversifying income streams, and the enduring benefits of personal development through martial arts. Listeners are encouraged to reflect on their own strategies and consider the insights shared to foster resilience and innovation in their professional journeys.

Transcript

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[Jason Stone]

I think even on YouTube, you're not allowed to use more than like 10 seconds of actual footage. Like, you're supposed to have at least 50%. I'm not sure the ratio, but like a certain percentage of it. And that's why people are doing half the screen is the video and half the screen is like the commentary. But if you have the whole video playing for more than 10 seconds, it's. It could be you.

[Host]

All right, guys. Got someone I've known for, damn, eight, nine years now, Jason Stone. Thanks for coming on, man.

[Jason Stone]

Thanks for having me.

[Host]

Yeah, dude, it's been cool to see your growth on social media and in real life. Like, you've been killing it.

[Jason Stone]

Yeah, likewise with your podcast. You've been killing it. I mean, I was just telling you before this podcast started, like, I don't know how you bang out so many episodes.

[Host]

A lot, dude, but content is king. And you know this running huge Instagram pages. You know you're posting what, like four.

[Jason Stone]

Times a day on the million? Well, the millionaire measure is actually disabled right now. First time in ten years.

[Host]

Jeez.

[Jason Stone]

Sucks.

[Host]

What did you post?

[Jason Stone]

Well, like, maybe seven, eight copyright violations over the last couple years. But I never monitored that email, so I never thought anything about it. I never looked at those and took them seriously. I'm like, oh, I'm the millionaire mentor. I got legacy verified 10 million. I'll never get disabled, but it happens. Damn.

[Host]

A copyright.

[Jason Stone]

Yeah.

[Host]

So was it just footage you didn't own?

[Jason Stone]

I guess it's just reals. There's. There's businesses that are built just to go after people that post their copyrighted work and businesses will take a viral video copyrighted for five bucks and then go after whoever posts it.

[Host]

Wow.

[Jason Stone]

Like, a whole business is built just around that.

[Host]

That's crazy. So I got to be careful.

[Jason Stone]

Yeah.

[Host]

I got to tell my team, because we use a lot of B roll in our footage in our clips.

[Jason Stone]

Yeah, B rolls. I think even on YouTube, you're not allowed to use more than like, 10 seconds of actual footage full screen. Like, you're supposed to have at least 50%. I'm not sure the ratio, but, like, a certain percentage of it has to be editable, and that's why people are doing half the screen is the video and half the screen is, like the commentary.

[Host]

Yeah, I've seen my gameplay.

[Jason Stone]

Yeah, you're allowed to do that. But if you have the whole video playing for more than 10 seconds, it could be, you know, damn, strike.

[Host]

So that guy just is trying to get you for money, basically?

[Jason Stone]

Well, yeah. There's multiple companies that have posted strikes against the account post.

[Host]

Holy crap. Hope you get it back, man.

[Jason Stone]

Yeah.

[Host]

That was your bread and butter.

[Jason Stone]

Maybe you know somebody.

[Host]

I'll try.

[Jason Stone]

I've been dealing with a lot of knuckleheads that say they can get it back.

[Host]

Oh, yeah.

[Jason Stone]

And I've dealt with those, but it.

[Host]

Sounds like that's more between you and the copyright person than Instagram itself.

[Jason Stone]

Well, these people tell me, oh, we'll take all the copyright strikes off. Don't worry about it.

[Host]

So from what I've heard is when that happens, they ask you for money. Have they approached you?

[Jason Stone]

So if I would have dealt with these strikes as they happen over the years, pay them a thousand bucks or whatever they wanted, 1500 bucks, I would have been fine. But thing is, I never thought about it. I never kept up with that email because it's like a secretive email. I keep to the side for that.

[Host]

Instagram account so you don't get hacked.

[Jason Stone]

And I didn't think anything of it. And I never saw them. I never saw them all come through. But I wish, in hindsight, I wish I would have just paid them off.

[Host]

Yeah.

[Jason Stone]

And we would have been cool. But I'm ready to pay 30, 40 grand to whoever can get it back.

[Host]

Yeah, you're out there if you're watching this, because that page was cash flowing, man.

[Jason Stone]

It is. You know, it sucks, that income stream.

[Host]

Yeah. Because how much was it doing at the peak?

[Jason Stone]

I mean, we do anywhere from 50 to $100,000 a month for the last 10 years.

[Host]

Damn. Yeah, a month. A month off one Instagram page just.

[Jason Stone]

Selling shoutouts dude, that doesn't even count. The affiliate marketing that I've done, the brand endorsements that I've done, the deals you got. Affiliate marketing was huge. Or just deals I get from being able to post you on the account. No, the doors that open when you got a platform.

[Host]

Because I know people that pay to get on fresh and fit, and they'll make 100 GS in an hour.

[Jason Stone]

How?

[Host]

Just by being on a podcast and promoting their course or their offer, whatever. Okay. Offer.

[Jason Stone]

Yeah.

[Host]

When you have a platform and you get 7,000 live viewers, you know, that's valuable.

[Jason Stone]

Yeah, I mean, I've had people pay me ten grand to come on my podcast to be able to. It's like more of a shout out package. They're not paying for the podcast. They're paying for the content we produce on the podcast. And then I'd shout them out 10 times on the account, like. And now that's.

[Host]

That's gone too crazy, man. I think you'll get it back eventually.

[Jason Stone]

I. I think so. I think the page is so old.

[Host]

It'S like a legacy page.

[Jason Stone]

Yeah, it's legacy verified.

[Host]

I've even heard of people getting their accounts back that have been permanently banned.

[Jason Stone]

Yeah, it's a permanent ban.

[Host]

Yeah.

[Jason Stone]

Yeah.

[Host]

Damn. Well, what are you doing now to make up for that?

[Jason Stone]

We're doing. I've been a trader for 20 years, on and off. I've traded crypto, traded stocks, traded penny stocks way back in the day, the Jordan Belfort days, the Timothy Sykes days. I've traded forex. And now I'm actually trying to get out of trading and into, like, algorithmic trading, where we can build algorithms for a crypto or forex or even stocks or options. Like, we have algorithms that we can build for us regulated brokers, and we have algorithms you can use on brokers.

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[Host]

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[Jason Stone]

So that's kind of like where I'm dabbling right now. Trying to build a business called Effing Capital and that's going pretty good.

[Host]

Nice. So similar to what Jeff's doing. Jeff Seconder.

[Jason Stone]

Exactly. Yeah.

[Host]

Yeah. He's crushing it with us.

[Jason Stone]

Exactly. Yeah.

[Host]

Dude, I get his ad every day. I know and I know who runs his ads and I know like how much revenue he's doing. Oh my gosh.

[Jason Stone]

Yeah.

[Host]

All from a Forex bot.

[Jason Stone]

Yeah.

[Host]

And it just trades your money for you.

[Jason Stone]

That's exactly what it is. Pretty crazy.

[Host]

And with AI like really looking legitimate now, this could be a possibility that it could work. Right.

[Jason Stone]

Things like there, there's a lot of rules and regulations in the gray area in the United States for US residents to be able to get into this industry. A US client is only able to trade on 50 to 1 leverage. So there's not many options for US clients in order to onboard it legally. An onboard US client, you have to have a 10 million dollar net worth or more.

[Host]

Damn.

[Jason Stone]

Yeah.

[Host]

So it's not even accredited. It's another level, it's another level above.

[Jason Stone]

Accredited that will allow a US client to go offshore and use a 200:1 leverage brokerage anywhere in the world legally.

[Host]

And that segment, I mean it's not.

[Jason Stone]

Like you're breaking the law. It's. It's like a gray area of the cftc.

[Host]

Yeah.

[Jason Stone]

That states that, you know, be careful, they just want to protect the US customer. And that's all that it's for. Because I don't know if you know the statistic that 90 some percent of traders lose.

[Host]

Wow.

[Jason Stone]

So 90% of people are losing their money trading, whether it's stocks, forex, crypto, anything. If people are there manually trading, 90% of people lose. And it's. And that's what the CFTC wants to protect.

[Host]

That's really high. I didn't know it was that bad.

[Jason Stone]

But thank God we don't manually trade. So we want to use AI and algorithms to place all our trades for us.

[Host]

So the people winning are just, a lot of them are automated, just AI programs basically.

[Jason Stone]

I mean that's what big banks do. Big banks are trading trillions a day in the foreign exchange, trading the euro to the USD, making little tiny fractions of a cent.

[Host]

And they got the best AI probably.

[Jason Stone]

And they got the best algorithms in AI. Yeah. So that's what I think AI is going to be more implemented into these algorithms. Because algorithms is not AI. Let's make that clear. An algorithm is a computer program with a bunch of ones and zeros. That's not artificial intelligence. Artificial intelligence is actually a learning module that actually will learn from past to dictate the future.

[Host]

Right.

[Jason Stone]

So once we able and we're playing with artificial intelligence incorporated into these algorithms to either flicker back between one algorithm or another, depending on the market volatility. Because sometimes if the market's flat, you're not making money. So when the market's volatile, it could use a better algorithm than when the market's flat.

[Host]

Right. What percentage return on average per month have you been seeing with these algorithms?

[Jason Stone]

We're doing about 10.

[Host]

Wow.

[Jason Stone]

Yeah.

[Host]

For a month. That's insane. That's 120.

[Jason Stone]

This. This year has been insane, insanely volatile. So like it's like 10 to 15, sometimes 20.

[Host]

Holy crap.

[Jason Stone]

But one of our algorithms has a three year track record going back three years. Averages 7% a month. That's all it's really about, the track record if most people out there don't have a really good track record. So there's testing even like nurp, like betas came under a bunch of drawdown and I heard, just heard by people and other. There's a bunch of companies right now that are getting crashed out and.

[Host]

Well, nurbs crashed a few times.

[Jason Stone]

Yeah.

[Host]

That wouldn't be the first time they've had a big drawdown. I've seen it like twice a year with them, but that's a risky take.

[Jason Stone]

Yeah.

[Host]

You know, and we've gotten wrecked on some of these before you went and started.

[Jason Stone]

I got one with you. I know you got wrecked on some. We are wrecked on a couple big ones.

[Host]

3.

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[Jason Stone]

Let's keep the names.

[Host]

No, I'm glad you persevered because it compelled me to leave the space entirely. But a few guys like you ended up making your own.

[Jason Stone]

I was like, I knew I want to do this. I know I've gotten wrecked. I've lost millions of dollars Putting into companies that failed. But I knew there was one and I knew there had to be a way and for the long run, and that's just being safe. Risk to reward. Finding that algorithm that doesn't use a lot of your capital to trade, but it's there if it's needed. It's there if there's a big drawdown day, a big volatile day, or there's a current event news war that swing currencies. Crazy. Crazy, right? So as long as you keep it safe and you a lot of money in the account and you're only utilizing maybe 1 to 5% on a daily basis, you're perfectly safe. A lot of people, they just get greedy. Greed is what takes over. And they want to make that extra few percent a month, they want to make 10, they want to make 20. And if someone comes to me and said they're going to make 20% a month, I'm like, run far away. Run far away.

[Host]

The drawdown needed for that is just too high. The risk is too high.

[Jason Stone]

So our. What's really dope about ours is only two to one drawdown ratio. So I know if I see a $10,000 drawdown, I'm making five grand the next day. And it's been like that, this for three years.

[Host]

Wow.

[Jason Stone]

It's insane. I've never seen anything like it.

[Host]

Even on news days.

[Jason Stone]

Yeah.

[Host]

Holy crap.

[Jason Stone]

News days is what we call. We have a. It's a velocity filter. So when something shoots up or goes down quickly, it's taking less trades. So that's something we implemented. It's not AI, but it's like, it's like it's gonna limit the amount of trades per minute, right?

[Host]

Yeah.

[Jason Stone]

That's really dope.

[Host]

That's huge, dude. No, I need to look into that, dude. Because I like you, I saw potential in it for eight months straight, ten a month. And then one fucking news day, dude. Lost the whole account. Yeah, like I didn't pull out anything. So it was a total L. That's the other thing too. You need to pull out some on the way up. Yeah, a lot of people leave their whole million dollar bag.

[Jason Stone]

It's greedy.

[Host]

It's greed because you see the numbers every day.

[Jason Stone]

I know. I want to leave mine compounding, but I also want to get my principal out as quick as possible.

[Host]

Facts.

[Jason Stone]

So I could compound from 500k to a million in a year. Probably less than a year. The way it's going right now, probably seven, eight months. But I really want to get my principal and that's once you get your principal, then.

[Host]

Yeah. Then you're free riding.

[Jason Stone]

Yeah.

[Host]

Right? Yeah. But something like this is cool because it's super passive.

[Jason Stone]

Yeah.

[Host]

Like I've never seen something like it's.

[Jason Stone]

The best thing since sliced bread.

[Host]

Yeah. Because people try to get 10 a year.

[Jason Stone]

I think I just had a $80,000 a month last month.

[Host]

Holy crap. Yeah. You're getting 10% a month compounded. So it's even higher. Yeah, it's pretty nuts, man. Hopefully that can. And you said the last three years. Every month has been 10%.

[Jason Stone]

For the last three years, the average of the. The history has been 7%. But this year has been volatile.

[Host]

Even 7 is fire.

[Jason Stone]

Yeah.

[Host]

You know what I mean?

[Jason Stone]

Most people will love that in the year.

[Host]

Yeah, I would. Because once you have millions, you don't need to be doing like anything crazy. Like we used to chase crazy returns, but after losing millions with forex and crypto, I'm not. And crypto. Yeah, crypto's down bad this week. You still have a lot.

[Jason Stone]

I have zero crypto.

[Host]

Wow, you got fully out.

[Jason Stone]

I put it all in this.

[Host]

Because you were big into crypto.

[Jason Stone]

Yeah, I really was. I was really big.

[Host]

You had an NFT page too.

[Jason Stone]

Yeah, I would promote crypto. I was full on. I don't know. I honestly believe that crypto is not the future anymore.

[Host]

You think it's algorithmic trading?

[Jason Stone]

No, no, no, not that. I'm just saying like the future of money. And if you look at this way, the person that doesn't know about crypto or they've never done it before, it's very confusing and tough to them to be able to copy and paste a code to send money to their friend when they can mess that up. Because I've messed it up. Copy and paste.

[Host]

Yeah.

[Jason Stone]

I thought I copy pasted something. It wasn't pasted. I in lost 100k.

[Host]

Damn ape.

[Jason Stone]

Coin pasted the wrong address, send it back to the the wallet, lost 100k multiple times. I've copy and pasted, thought I pasted the right thing and lost money now. And I'm good at what I do. Like I know crypto and I know how it works. Imagine a newbie coming into this. When is it going to be able to be able to be safe or for like the grandma version.

[Host]

Yeah.

[Jason Stone]

To transfer money in between each other. And I don't think we're ever getting going to get there.

[Host]

Not anytime soon. Yeah, anytime soon needs to be like a Venmo system. Yeah, exactly like Venmo Super Easy.

[Jason Stone]

Yeah.

[Host]

Just type in the number or the username. Done.

[Jason Stone]

Yeah. So that I don't think. I don't think bitcoin is going to be like over 100k ever.

[Host]

Ever. Whoa, that's a bold statement.

[Jason Stone]

Ever.

[Host]

You're going to get some heat for that.

[Jason Stone]

I might, yeah.

[Host]

It's down to like 55 today.

[Jason Stone]

I think 100k is the ceiling. I don't know. Because the miners don't give a shit about holding it.

[Host]

They're just dumping as soon as they.

[Jason Stone]

Get a batch and then. And then how much more bitcoin can be mined? A lot. There's a 10 more years of bitcoin mining. Miners don't care about it. They just want to make money and they convert their money into US dollars or something safer. Crypto. So in Ethereum is like the gateway to all the scam coins, right?

[Host]

Yeah.

[Jason Stone]

How many people have been burned with crypto scam coins? Meme coins.

[Host]

Yeah. Theorem and Solana are like the gateways to that.

[Jason Stone]

Yeah, yeah.

[Host]

It's pretty bad.

[Jason Stone]

So I don't know, I'm just. I'm not pro crypto anymore.

[Host]

It's good. Good conversation because like I was deep. Yeah.

[Jason Stone]

For me to switch. I don't know.

[Host]

No, I am. But someone in your shoes that's making this cash flow with algorithmic trading, I could see why you like that more.

[Jason Stone]

Yeah.

[Host]

You know what I mean? Yeah.

[Jason Stone]

I mean I pulled it out. Like, do you think bitcoin's gonna double anytime soon? I can dump my money in my algorithm in seven months.

[Host]

Exactly. And you know, it's got a three year track record. You don't know if crypto is going to go up or down. It's super volatile. So I'd. I could see why you'd rather have 100k in a trader than 100k in Bitcoin.

[Jason Stone]

Yeah.

[Host]

Yeah, that makes sense. Any other investments you're doing right now?

[Jason Stone]

I do a little real estate here and there, but nothing to brag about. Investment wise. No, that's. That's it.

[Host]

Just. Just the traders mainly.

[Jason Stone]

Yeah.

[Host]

Do you want to raise money for that? Is that the goal? Like turn it into a fund?

[Jason Stone]

Yeah, we're going to plan on making a fund out of it. We plan on having a US regulated algorithm that will work on 50 to 1, modifying our current algorithm that works on 50 to 1 margin. And then US clients can feel safe putting their money into U. S. Regulated brokers. That's the goal. And then we can create a fund out of that.

[Host]

Right now, I don't trust any brokers in Forex.

[Jason Stone]

Boom.

[Host]

It's so hard outside the U.S. yeah.

[Jason Stone]

Yeah, there's like five big ones in.

[Host]

The U.S. yeah, outside the U.S. i mean, because that country could just take your money. You know what I mean?

[Jason Stone]

Yeah, we found a good batch of them in Australia.

[Host]

See, Australia is a pretty reputable country, but a lot of the brokers are in some country you never heard of, some island. You know what I mean?

[Jason Stone]

Yeah. The US Clients will actually get onboarded through a license through svg, which is the Virgin Grenadines Virgin Islands over there. So it's not technically licensed under Australian ASIC licensing. So it's like a loophole.

[Host]

Yeah, that makes sense. And some of the brokers fake their trades too. Have you seen that?

[Jason Stone]

That was with MT4.

[Host]

Right.

[Jason Stone]

And that's why the U.S. i think the U.S. doesn't want any U.S. clients on using MT4. Because you know how everybody used. Years ago, these MLM companies with the Forex there, they post their screenshots of all these MT4, and, like, everybody got burned. All these manual traders got burned. So I think the US just doesn't want this MT4 software in the hands of any US client.

[Host]

Yeah, I was upset when they banned it, but now I see why. Yeah, everyone lost their money on that app because you could just fake the trade.

[Jason Stone]

So, yeah, it's a Russian company, and if you're. If you know the broker you're working with, you could just fake everything. Fake every single trade going through MP4.

[Host]

Damn.

[Jason Stone]

That's how we got burned on one of those companies.

[Host]

Yeah. One of the traders we were in, none of the trades were real. They got people for years on that one.

[Jason Stone]

Yeah.

[Host]

Jeez. Some of these scams, man, being in Miami, you're probably used to it. Yeah, A lot of intricate scams out here, right?

[Jason Stone]

Well, more in Dubai, probably, but yeah, the Miami scam life is real.

[Host]

You can feel their energy, though, you know? I mean. Yeah, you walk in a room and just talk to people. You're like, all right, this is kind of weird.

[Jason Stone]

Just. Just commission breath.

[Host]

Yeah.

[Jason Stone]

For the sale.

[Host]

You still doing networking events and stuff?

[Jason Stone]

No, not really.

[Host]

Yeah, I haven't seen you out too much, actually.

[Jason Stone]

Laying low. I've kind of stepped away from, like, the speaking, the networking events a little bit.

[Host]

Was that by choice or just kind of?

[Jason Stone]

Yeah, because, you know, I've did network marketing before. I did it once. I'll never do that again.

[Host]

It wasn't for you.

[Jason Stone]

Definitely wasn't for me. Yeah.

[Host]

Yeah.

[Jason Stone]

My wife still does it a little bit.

[Host]

It doesn't feel like the incentives are aligned. I like businesses where it's a win. Win.

[Jason Stone]

Yeah.

[Host]

You know what I mean?

[Jason Stone]

It's a lot of work. A lot, a lot of work just to make a little bit. That's what I'm saying.

[Host]

It's like E commerce margins are so thin. Like you could do 10 million in e commerce and make like 200k.

[Jason Stone]

What?

[Host]

You know what I mean? You haven't heard this?

[Jason Stone]

No.

[Host]

Yeah, E commerce margins are thin, dude.

[Jason Stone]

Really?

[Host]

Because you got to spend money on marketing the Facebook ads. Product cost went up because of C19. Facebook ads are super expensive though.

[Jason Stone]

Yeah. I've been doing e Commerce for 25 years actually. Really Well, I did it the right way. Like my first business was Treadstone Performance. So we, we made cars go faster.

[Host]

Okay.

[Jason Stone]

You know the Fast and Furious movies.

[Host]

Yeah.

[Jason Stone]

So it was like a hobby passion of mine. I was able to turn, I was lucky enough, fortunate enough to turn that into a business when I was in college. And I remember starting my online store and listing my first product. And ebay was big back then, so I was able to capitalize on the ebay. Just like kind of Amazon blew up. Well, I was one of the first power sellers on ebay selling car parts. So I would have made. I was doing millions from my parents basement.

[Host]

Damn.

[Jason Stone]

Yeah.

[Host]

And this was 20 years ago, so that's.

[Jason Stone]

Yeah, 20 years. 20 years ago.

[Host]

Doing millions 20 years ago.

[Jason Stone]

Yeah. So that business is still running strong.

[Host]

What?

[Jason Stone]

Yeah.

[Host]

24 years later, still selling on ebay?

[Jason Stone]

No. Yeah, we still sell on ebay, but it's not our primary income. But the businesses we have thousands of wholesalers worldwide.

[Host]

Damn. I didn't even know you were running that.

[Jason Stone]

Yeah, I don't run it, I just own it.

[Host]

Yeah, I've never seen you talk about that business.

[Jason Stone]

Yeah. Post it here and there, but yeah.

[Host]

So you're into cars pretty heavy.

[Jason Stone]

I like cars, but I don't like cars. Like I used to like making them. Like I used to like wrench them under the hood. Mechanic do all the work myself. I've modified so many cars. I've welded intercoolers.

[Host]

Holy crap.

[Jason Stone]

Under the car with a wrench. I used to go to junkyards, wrench turbos off of cars in 20 degree weather. Busted my knuckles.

[Host]

I never knew this side of you, man. I thought you were just a little behind the scenes kind of nerdy Instagrammer, you know what I mean? That's cool, dude.

[Jason Stone]

So yeah, let's have the Business. The guys run it. Team of like eight, seven, eight guys. And I'm. I'm actually looking to sell it.

[Host]

Okay. Yeah, now would be a good time because a lot of valuations are going down, actually.

[Jason Stone]

Really?

[Host]

Because of the investment bubble. Yeah.

[Jason Stone]

Yeah.

[Host]

Used to be able to sell your company for a lot more than now.

[Jason Stone]

Yeah, I might hire a new M and E firm.

[Host]

Yeah, I mean, we'll see. It might come back. But just so many companies were inflated their valuations, so when they sold it, the companies that bought them never really got value.

[Jason Stone]

Gotcha.

[Host]

I don't know. You're into Jiu Jitsu, too, right?

[Jason Stone]

Jiu Jitsu, Yeah. I've been doing that for five years. I love it.

[Host]

Nice. We got Jake Shields coming on right after you.

[Jason Stone]

Who's Jake Shields?

[Host]

Jiu Jitsu fighter in the ufc.

[Jason Stone]

Oh, really? Oh, yeah. I know Jake Shields. I remember that name. Yeah. I don't know, something about Jiu Jitsu, it's. You can't explain it. Of why people get addicted. It's very hard to explain. But someone just brought up this point the other day. It's like when runners get runners high. I don't. I don't know runners high because I hate running, so I'd rather get my cardio in the gym. Jiu jitsu. And I'm like, I'm a competitive person because some of my friends, I bring them there and they're like, this is not for me. I don't want to. I don't want to fight. Like, it's not fighting. It's like. It's more about, like. It's a puzzle that you'll never solve.

[Host]

Yeah, it's.

[Jason Stone]

It's constantly evolving of learning techniques. And it's so cool when you learn a technique and then you apply it when you're live sparring. It feels so good to learn something new. I don't know how to explain it.

[Host]

Do you take on actual fights or you just bar?

[Jason Stone]

So every Monday, Wednesday, we actually spar for. We have beginners class, intermediate class, and then about 30, 45 minutes of sparring. So you either start standing up, and it's like. It's like a match. You can. You're gonna. You can either go hard or you can flow. I find myself always wanting to win and going hard, Competitive, because I'm a competitive. So I. I do competitions every month or two. I'll go to a competition.

[Host]

Oh, nice. You're nice.

[Jason Stone]

I have like 30, 40 medals already.

[Host]

Holy crap. I gotta check out some footage of you, man.

[Jason Stone]

Yeah, my Personal Instagram page. Yeah.

[Host]

Do you recommend people develop some sort of fight skill? In general?

[Jason Stone]

I definitely would recommend. If you're a parent and you have kids, put your kids in Jiu jitsu, What good is. I mean, unless someone's gonna go for professional sports, what good is learning a skill of a ball, throwing a ball up and down the field? What is that going to do for you? It's gonna do. I mean, you may be able to get in shape, but like, this is a skill that you will learn and have for life. You want to protect your family. You want to feel confident. You want to walk around to a bar and feel confident that you know. You know how to de. Escalate situations. Not escalate situations because you know how to fight. Yes. You can break someone's arm, choke someone out. But now most people, when they get into situations at the bar or they're about to get into a fight, that adrenaline kicks in and they don't know how to control it. They either get scared, fight or flight. And then when they're ready to fight, they don't know what the they're doing.

[Host]

Right.

[Jason Stone]

Like. Like, if you ever get grabbed by someone who knows Jiu jitsu, you're done.

[Host]

It's that quick.

[Jason Stone]

Especially if they're black belt.

[Host]

Wow.

[Jason Stone]

You're done.

[Host]

Are you a black belt?

[Jason Stone]

No, I just got my purple belt. Oh, so you're not in my purple belt?

[Host]

Okay.

[Jason Stone]

Five years. It usually takes about 10 to 12 years to get black.

[Host]

Holy crap.

[Jason Stone]

Yeah.

[Host]

It's that intense.

[Jason Stone]

It's. It's one of those martial arts that takes a long time to learn, dude.

[Host]

Because I used to take karate. I feel like it was way easier to get black belt and karate.

[Jason Stone]

Yeah, it is.

[Host]

I was already blue belt in like fifth grade or something.

[Jason Stone]

Yeah, it takes a long time.

[Host]

Wow. And what's the test like? Is it. Do you have to be a black belt person?

[Jason Stone]

No, it's not about testing and beating somebody. It's just about learning the moves, learning different moves, applying them. And there's. It just takes so long to learn. Like, it literally takes 10 years.

[Host]

Damn.

[Jason Stone]

To learn everything there is to know about it and be good at it.

[Host]

You got to do a pay per view with you and Alex Becker.

[Jason Stone]

He does jiu jitsu.

[Host]

Yeah.

[Jason Stone]

What belt is he?

[Host]

I don't know, but he posts on Facebook all the time.

[Jason Stone]

Really?

[Host]

Yeah. I would watch that much.

[Jason Stone]

I gotta follow, man. Does he post on Instagram still?

[Host]

No, he hates Instagram. Yeah, he's just on Facebook. One of those.

[Jason Stone]

Yeah. I don't use Facebook at all.

[Host]

I don't either, but I'll go on like once a month and I'll see him post like three paragraphs. There's. There's some clients on Facebook, but it's just really not really my.

[Jason Stone]

Yeah, I love it. So I opened a gym with my professor.

[Host]

Oh, nice.

[Jason Stone]

Yeah. So about a year ago, he was looking to. He was like, in between gyms, he was running his business, like a local gym, his condo, a studio, and never really had a. Like, he had a falling out with his past partners. And I was training with him where everyone. I followed him, we trained, and I was looking for office space at the time. I'm like, why don't I put my office. We get a gym. We go 50. 50. You get the gym. I use your name in the gym. I help you market it. He's good at what he does. He trained with the Gracie. He's a fifth degree black belt. His professor was Ryan Gracie, and he's probably one of the best in Miami.

[Host]

Ryan Gracie?

[Jason Stone]

No, Professor.

[Host]

Oh.

[Jason Stone]

Actually, Ryan Gracie passed away. So Professor Arashiro Guillermo, he's actually a real estate agent. So he was trying to find me properties for my office. We went into business together. So that's been a money pit, to say the least. I thought it was gonna be very easy. You're starting that business. Like, people are all gonna come to my jiu jitsu gym. I get component of my social media business. Dude, Bro, we are still not breaking even, dude.

[Host]

Gyms are tough.

[Jason Stone]

My rent is like seven grand a month in the heart of Wynwood.

[Host]

Holy crap.

[Jason Stone]

And we. The. The people come and then they go. I don't know.

[Host]

Yeah, the. The attention rate.

[Jason Stone]

Slowly, slowly. Like we're almost breaking even.

[Host]

I feel that gyms are just. You got to put up so much capital up front.

[Jason Stone]

I'm already 100k in debt.

[Host]

Yeah. For the equipment and stuff and then.

[Jason Stone]

Yeah.

[Host]

Yeah. It's a tough model. I'm not a fan of most retail models, to be honest, because we could just make money on the Internet.

[Jason Stone]

Like, thing is, I'm doing it for a passion, though.

[Host]

Yeah.

[Jason Stone]

I'm not doing the gym to make money. And if it loses more money for the next year, I'm okay with it.

[Host]

You just want to give back.

[Jason Stone]

Yeah. I love bringing people in. Hey, you know, you want to come talk to me? You want to come meet me? You want to learn something? You want to learn a great skill? Not just about. It's not about me. It's about Helping people out.

[Host]

Right.

[Jason Stone]

And giving them an amazing skill that they're going to use for life.

[Host]

Yeah. That's a cool two in one, though. Get a little business advice and then Jiu Jitsu advice.

[Jason Stone]

Yeah. The people go for coffee. Can I pick your brain? I'm like, come train Jiu Jitsu. No one talk to me. Come train Jiu Jitsu.

[Host]

I don't like the pick your brain line, dude. That gives me like, goosebumps. Like, why do people think that's a cool thing to say?

[Jason Stone]

I don't know. Can I buy you coffee? I'm like, an hour of my time is not worth your 5 coffee.

[Host]

Or like, want to get lunch?

[Jason Stone]

I'm like, all you got to do is spend $220 to buy a membership. You can talk to me all you want. I was like, kick your ass.

[Host]

I love that. Have you ever had to use these skills on the. On the streets?

[Jason Stone]

Not yet.

[Host]

Okay, that's good.

[Jason Stone]

No, but I am a hell of a lot more confident just in speaking, if something were to happen.

[Host]

Yeah.

[Jason Stone]

Like, I've gotten like some confrontations before that. Five years ago, I would have been scared. Now I'm not scared anymore, you know?

[Host]

Yeah, that's a good just mentality to have. You could walk in any room with that confidence because people can feel that energy.

[Jason Stone]

Yeah. Especially if something happens. Like, people always want to test you, you know?

[Host]

Yeah. Yeah. Especially out here. You're a target, man.

[Jason Stone]

You just learn how to calmly de escalate situations, knowing. And I can fucking kill you right now.

[Host]

What would be your move if you wanted to kill someone?

[Jason Stone]

Get to the back. Yeah. Get your back and then rear neck. A joke.

[Host]

Yeah. Yeah. Cuz you're not getting out of that Right.

[Jason Stone]

Once you get. Once I get your back, it's game over.

[Host]

Wow.

[Jason Stone]

Yeah.

[Host]

Damn. The whole thing with Jiu Jitsu is to get you on the ground, right?

[Jason Stone]

Yeah.

[Host]

And that's to kind of grappling, stop your movement.

[Jason Stone]

Yeah. An arm bar. Arm bar. Subdue somebody. You can break someone's arm very easily.

[Host]

Have you done that?

[Jason Stone]

No.

[Host]

Jeez. I've seen YouTube videos of competitions where some people won't tap out and then snap.

[Jason Stone]

My arm's hurting right now. Professor got me a couple arm bars last week.

[Host]

Jeez, dude, it's been fun. Where can people learn more about you and potentially invest in the fund and everything?

[Jason Stone]

So effingcapital IO is algorithmic trading. Millmentor.com is the blog. And if you want to get a hold of me on my personal instagram because Millionaire mentor is down. Jason double underscore Stone.

[Host]

And if you could get his Instagram back. Guys, he's got 30k waiting for you. There we go. We'll link it below. Thanks for coming on. Peace.

[Jason Stone]

Thank you for having me.