Togi Is Worth -$10,000,000 | Financial Audit

Summary

---

Podcast Summary: Financial Audit — "Togi Is Worth -$10,000,000 | Financial Audit"

Date: April 17, 2026
Host: Caleb Hammer
Guest: Togi (Shane Stouffer), 23-year-old creator and entrepreneur

---

Episode Overview

In this episode, financial influencer Caleb Hammer sits down with Togi (Shane Stouffer), a young and eccentric content creator known for high-rolling, impulsive spending, and a party-centric lifestyle. The conversation centers around Togi's extraordinary income, chaotic spending habits, nonprofit mentality towards friends and staff, gambling losses—including literally wagering a $2M house—and his aversion to traditional financial planning. Caleb tries to instill a sense of caution, long-term planning, and the need for security, all while dissecting Togi’s finances, employee relationships, and philosophy on life, success, and risk.

---

Key Discussion Points & Insights

1. Who is Togi? Background and Business Structure

• Togi, real name Shane Stouffer, is 23 and lives in Austin, Texas. He’s never watched his own videos and approaches life and business by "the vibes."
• His primary income sources are YouTube (unmonetized for the most part), streaming, and related social media deals—especially gambling sponsorships paid in cryptocurrency.
• The business pays a fluctuating staff, including 30 freelance "clippers" (video editors), multiple layers of managers and assistants, with payroll estimates around $250,000/month.
• Togi’s operating structure is loose, relationships-driven, and vibe-based rather than managerially strict.
  • Quote (04:18, Togi): "I value my relationships and connections...I’ll go over budget just to, like, you know, go. But the Rolex budget? Yes...But either way, the Rolex is very cheap. Like, it was, like, $10,000."
• Employees get lavish gifts (like Rolexes) based on loyalty, not performance metrics, though recent cuts for underperformers apply.

2. Financials: Income, Overhead, and Cash Flow

• Togi claims to gross $1.9M per quarter (recently closer to $1M/month). However, after overhead, his net is much less.
• The host repeatedly questions where all the money goes, highlighting immense spending:
  • $200-300k a month in credit card charges alone.
  • Major costs: Payroll, luxury Airbnbs, first-class travel for staff, extravagant dinners, constant Uber Eats orders ($20k/month+), and content production.
  • Gambling has become a major sink and story driver, including literal coin flips for $2M homes.
  • Little to nothing is put aside for retirement or emergencies.
  • Quote (21:05, Togi): "If anything ever hit the fan, I bring in a million a month, easy. For now, I’ve been bringing in a million."

3. Employee Relations & Controversies

• Togi houses employees free, but some get paid as little as $1,000/month—even after being cut from $3,500, which is called out as possibly illegal/under minimum wage.
• Togi emphasizes loyalty, fun, and community over compliance, benefits, or structure; promises to take care of employees through personal sacrifice if needed.
  • Quote (21:58, Togi): "Even though he only makes a thousand a month…I’d sell my house in a heartbeat…Because you’re sitting there, 'oh, sorry, it doesn’t work with the accounting team.' I’m like a person running off emotions."

4. Major Life and Financial Gambles

• The notorious: Togi literally wagered and lost a $2M Miami house in a coin flip gambling match with YouTuber "Steve Will Do It."
  • Steve, as a consolation, gifted Togi a $700k Lamborghini.
  • Togi doesn’t see this as tragic, instead claiming the experience and friendship were worth more than the asset, echoing his non-materialistic (but high-spending) philosophy.
• Togi has a history of gambling, both on- and off-camera, and even admits to a past of attempted scams before social media fame.
  • Quote (15:17, Togi): "At the time, when I was 18, I needed to be successful so bad that, like, ethics...I was trying to...code my own meme coins, trying to rug pull people...I was so bad, I couldn’t get anybody to buy my scam. So I ended up losing, like, $20,000 trying to scam people."

5. Personal Philosophy: 'The Vibes', Ego, and Avoidance of Planning

• Togi equates almost every decision in life to a sense of "vibes," intuition, and maintaining relationships, claiming traditional planning is for those lacking faith in themselves or their circle.
• He repeatedly dismisses the threat of losing everything, convinced he can always pivot and succeed, even if disaster strikes (“I live on Mars, I can do anything and I will do everything.”).
  • Shows zero interest in traditional retirement or investing, and he jokes about gambling away the little he does sock away.
• Argues happiness and fulfillment come primarily from freedom and people, not assets or security.
  • Quote (32:13, Togi): “My love, that’s never going to happen to me.”

6. Caustic Debate: Security vs. Risk

• Caleb pushes back, citing the need for security, the dangers of lack of structure, and how volatile income/YouTube careers can disappear overnight.
• Togi maintains that adversity just brings more opportunity, and death/disaster wouldn’t faze him OR his circle.
  • Claims he’s not scared of having nothing; being broke or homeless isn’t shameful.
  • Quote (39:00, Togi): "I’ve lived in a closet before and it’s not that bad, dude. It’s, like, chill."
• There is an extended, at times circular, debate on morality of gambling content, responsibilities to others, planning for dependents, what constitutes "success," and generational differences in worldview and trauma responses.

7. Lifestyle Deep Dive: Spending Analysis

• The host combs through card statements, revealing near-constant luxury spending:
  • Ubereats for nearly every meal across several family/employee accounts (totaling up to $20,000/month).
  • Multi-thousand dollar dinners, $15,000+ Airbnbs, $10,000 haircuts ("to help with a lawyer for someone involved in a hair-related video"), and large gifts to staff and fans.
  • Togi’s family (parents, girlfriend, grandma) all have Amex cards tied to his account.
  • Ultra-luxury cars—almost all unleveraged except one with a possibly usurious 18% rate loan (the Huracan, $56k left).
• Savings and investments are mostly in crypto meme coins ('Pepe'), and Togi shrugs at both volatility and taxes.
• Minor charity and giveaways are sprinkled throughout, but the financial audit shows the lion’s share is deployed for personal fun rather than structured philanthropy.

8. Drug Use and Sobriety

• Togi admits to a period of heavy drug use, including an overdose, and says much of his high-energy content was performed while on Adderall or other substances.
  • Has been sober about four months with one relapse; attributes sobriety to simply being too busy.
  • Quote (47:41, Togi): “If I become a paraplegic…It’s not about the YouTube views… I can take care of myself because I'm Togi, not because I've got a YouTube channel.”

9. Action Plan: Caleb’s Financial Intervention

• Caleb urges Togi to set aside a chunk for emergencies/retirement:
  • Initial suggestion: $6 million completely untouchable, managed by a registered advisor (his own financial management team, Abound Wealth/Money Guy Show).
    • Timestamps:
      • (52:45–53:14) The "set aside $5 million plan."
      • (98:15–104:14) The hard numbers and plan negotiation.
  • After negotiation and realism, settles on:
    • "Set aside $200,000/month for 4 years (or $300,000/month for 2 years) in a protected fund."
    • Structure: $800k income/month = $400k for business/content, $280k for taxes, $80k fun/personal, $200k savings/investment.
  • Togi agrees enthusiastically—at least in the moment.

---

Memorable Quotes & Moments

• (09:39, Togi): "I'm one of the first people...to quite literally gamble. Gambled my house away...I did a coin flip with Steve will do it, and he put up $2 million, and I put up the house."
• (15:34, Togi on his scam attempts): "...before I got famous, I wanted to be rich so bad that...I was actually going in and coding my own meme coins, trying to rug pull people...I was so bad, I couldn't get anybody to buy my scam."
• (31:04, Togi): "Karma is a very real thing. I think because the Asian side of you is so charitable that I'll always have the universe working for me. It's not about the numbers, it's about the vibes."
• (35:04, Caleb): “How frequently are you gambling large sums of money from your million that comes in a month?”
• (53:11, Togi): "9." (On rating his finances 0–10; Caleb laughs incredulously.)
• (62:10, Caleb): "$2,800 for flights...? Everybody on my team flies first class."
  Togi: "Yeah, one to five people, probably. Why would I lie about that?"
• (77:18, Togi): "I spent $10,000 on a haircut on that one [video]...He needed a new lawyer, so I gave him 10,000 bucks."
• (88:29, Togi): "I'm not coin flipping the house for—it's a two and a half million dollar house."
• (102:59, Togi): "This actually is making an incredible amount of sense when you put it like this. 400,000 on content and 80 racks to...so 500,000 just to, like, chill out."
• Personal/Philosophical: Multiple times, Togi insists "I live on Mars" and can always rebuild—his confidence is unshakeable.

---

Important Segment Timestamps

• [01:37] Introduction to Togi, his background, and blind approach to the episode
• [04:42–05:29] Payroll breakdown and (lack of) business financial discipline
• [09:30–10:13] How Togi lost a $2M house gambling
• [15:17–15:39] Early attempts at “scam” crypto projects
• [16:47–17:39] Morality of gambling on camera and personal consequences for audience
• [20:13–22:03] What is “success”? Money vs. freedom, and care for employees/friends
• [31:04–32:57] Conversation on karma, "the vibes," employee loyalty, and money
• [35:04–36:19] Detailed income and "net to the bank" numbers
• [52:45–53:14] Caleb introduces the "set aside $5–6 million" plan for security
• [77:18] $10,000 haircut story
• [102:06–104:14] Final agreed plan: split income ("400k content, 200k wealth advisor, 80k lifestyle")
• [105:31] Final 'Hammer Financial Score': 3.5/10; post-show preview

---

Tone & Dynamics

• The tone is fast, playful, often irreverent but with sharp, occasionally contentious debate woven in.
• Togi displays bravado, humor, and laissez-faire irreverence toward money and accountability.
• Caleb plays both interviewer and financial lifeguard, pushing back and trying to save Togi from his own worst impulses.
• Despite differences, there is a current of mutual respect and some genuine rapport by the end.

---

For Listeners Who Haven’t Tuned In

This episode is a wild ride through the mind and wallet of a young, highly successful but reckless internet creator. Expect stories too outrageous for most personal finance shows (gambling a house, $10k haircuts, near-zero savings, and fostering a hyper-loyal but precariously underpaid staff). The broader lesson: even massive income can disappear as quickly as it comes if spending, ego, and faith in "the vibes" aren’t tempered by any structure or planning. For fans of spectacle, high-risk antics, and debates on what "success" really means, this is must-listen podcasting.

---

Summary Conclusion

In a clash between spreadsheet discipline and "living on vibes," the host and guest take listeners through the perils and fleeting joys of high-income, high-risk living. While Togi’s charisma and sense of adventure are undeniable, the episode closes with rare agreement: even the most daring dreamers need a little safety net—just in case Mars isn’t as easy to populate as it looks.

---

Transcript

[A]

Have you ever rearranged your furniture and discovered the carpet underneath looks brand new, while the rest of it looks, well, not so new? It's time for a carpet upgrade. At the Home Depot, we have stylish choices at simple prices from all the top brands.

[B]

Best of all, we can install it

[A]

for you, starting at only 49 cents per square foot. So all you have to do is pick your perfect floor. Start your carpet project today at the Home Depot. How doers get more done Exclusions apply for licenses seehomedepot.com licensenumbers to watch episodes of Financial Audit a week earlier. Check us out on YouTube. I thought you lived in Miami. That's what I was told.

[B]

No, we lost that house.

[A]

Foreclosure, gambling.

[B]

It's not about the numbers. It's about the vibes. I'm trying to explain to you how important the vibes are.

[A]

I want to make sure you can take care of yourself for the rest of your life.

[B]

I can take care of myself because I'm togi. You've been wired your whole life to. I have to save excessively foreclosure notices on your house. I don't even know what that is.

[A]

Okay, download the dollar wise budgeting app today and get a three day free trial. That's enough time for the automatic connections to give you the insights you need to change your financial life. Tens of thousands of other people are changing their lives right now and you can too with dollar wise. So take the free trial and if you like it, sign up for the annual version to save a ton of money. And get my detailed meal plan signed by me and mailed directly to you. Download now Dollarwise.com or link in the description below.

[B]

What up? It's toge here. Shane Stouffer. I'm 23 years old and I live in Austin, Texas and we're on the financial audit.

[A]

I go into every episode blind with guests. But you're actually known. But I'm going to be honest, this is still blind for me. I literally have never seen a single single togi video. I. I don't know what the we're talking about. I haven't looked at your documents. I don't know what the is going on, but I heard you're kind of.

[B]

It's. No, no, it's. I would say like you. What do you go to college?

[A]

I dropped out, but I did go to college.

[B]

How old are you now?

[A]

30. 31.

[B]

So that was like 10 years ago. It's. You had like the frat bros. Whatever you go out to the party. And they're just like. It's very normal. Like, my life is exactly like every dude's in a frat. But, you know, now I do like YouTube and make a little more money, but it's pretty standard. Like, you can imagine kind of what everything is like.

[A]

So is YouTube all you do right now?

[B]

No. Well, yes, it depends on, like, YouTube, streaming, Snapchat.

[A]

Oh, you stream, too? Snapchat's good money.

[B]

We learned that it kind of fell off. It's not great anymore, dude.

[A]

We still get pretty chunky checks from. From Snapchat. Um, okay. What do you make? Do you know how much you make?

[B]

No idea how much I make, but I sent you. Okay, this is funny. The first time I ever looked at, like, how much I make was when you guys asked, how much does he make? And I say, really? It was over the last year we did. What was it? 1.9 million a quarter for the last five quarters.

[A]

Me. Okay, that's obviously really good. Who's we?

[B]

Oh, me. Oh, okay.

[A]

Well, how many people do you have working for you?

[B]

So we have 30 clippers. Me, 30 clippers that get paid very well. Some of them like 20,000amonth on good months, but, like, intimate employees. I got the manager, the manager's assistant, the manager's partner's assistant. Maybe seven partners.

[A]

Assistant.

[B]

Okay, eight. I don't know. Eight people.

[A]

How much do these people cost on a monthly basis?

[B]

Um, that. Well, that's the manager's thing. I don't know about the manager's thing. I would guess. I would guess. He maybe texted me.

[A]

Who's the. Who was the little twink that you

[B]

sent to get nice to Edward, bro? He's the man.

[A]

Okay. Is that your manager?

[B]

No, he's the assistant's assistant. So be a nice bro. He just started. Check it out. He just started. He was working for his mom, whatever, like, cleaning floors. Now. Now he's got, like, a Rolex and he, like, does all. Yeah, I gave it to him.

[A]

Why is an assistant's assistant getting a Rolex?

[B]

What? Why would he not? He's awesome. He's a nice kid.

[A]

Is it in the budget? I mean, he might be a nice thing.

[B]

I value, like, my relationships and connections and, like, if you are loyal and a nice person, I don't really care about the budget. Like, I'll go over budget just to, like, you know, go. But the Rolex budget. Yes, but it's not a horrible thing. But either way, the Rolex is very cheap. Like, it was, like, $10,000, huh? I forgot we're talking about before that, but I think the employees. I would guess maybe 250,000amonth for all of them.

[A]

Oh, for sake. Okay, $250,000 a month, and you make 1.9 a quarter. So you're immediately. You're almost at like, 50% margin. But that's just before any video production cost. That's his teammates. Is that including Clippers?

[B]

Yeah, that's including Clippers. I would say 120,000 is to Clippers.

[A]

120,000 to Clippers. Well, what does that return you? Do you know?

[B]

No, dude. Okay. This is a.

[A]

What do you just pay for the clip and you don't know where it goes?

[B]

Yeah, yeah, but how much does anything. How much does that camera return you? Who knows? How much does that light return you?

[A]

Millions.

[B]

Okay, how did you quantify that that makes you millions of dollars that you got a better angle of what. That's. What is film right here. It's like, dude, you can't quantify. It's kind of like my whole life, it's kind of been like, if the vibes seem right, go for it.

[A]

Vibes.

[B]

And then it's like, dude, what the you need such a big office for? Because the vibes, bro. You like the vibes. No, no, no, no.

[A]

I got this.

[B]

Your office.

[A]

Yeah.

[B]

Certainly large. You don't need it other than we need it. Vibes. No, it's. I've been here two times. This is empty.

[A]

Oh, it's empty under renovations, which means when editors get to stay home, you

[B]

can't lie to me and say, like, there's not a part of it, or you get to walk in. You're like, that's my. And it makes you perform better because it's like. But you can't quantify how much our returns. It's just like, I'm the man. This my. This my office.

[A]

Let's work on my man. But recruiting, we did it for recruiting as well.

[B]

What do you mean?

[A]

We got a good office. So good people come here, they see the job interviews. When they job interview here, they like the space. They want to be here.

[B]

It's called I would work here. This is a beautiful office. If I ever.

[A]

30 people in here. It's not empty.

[B]

If I ever go broke, would you give me a job?

[A]

I don't know. Yet again.

[B]

Again, at the end, you can tell me.

[A]

Yeah, I'll tell you at the end. Again. The only thing I know about you is you're kind of. And then what?

[B]

This is like a crazy stray off the bat.

[A]

No, this is what I've heard. I don't know.

[B]

Yeah, yeah, yeah. Okay, okay. Continue.

[A]

I don't know. And you give your assistant assistant Rolexes. Here he is. He's the Zen collector.

[B]

He's the man, Edward.

[A]

So if he didn't get those zins from the car at a certain amount of time, would he lose his Rolex?

[B]

Nah, he'd lose his job.

[A]

But what do you make?

[B]

Thousand dollars a month.

[A]

That's not true. Is that true?

[B]

We just gave him a pay cut.

[A]

What do you make? No, you don't. You can't pay your bills on a thousand hours a month.

[B]

Oh, I pay all my employees live for free, eat for free.

[A]

Is he contractor?

[B]

I don't know what that means at all.

[A]

Is he W2? Is he a full time employee? Cause there's like federal law. Full time. You probably have to pay him $42,000 a year minimum, or else you're gonna be in breach of some kind of federal regulation.

[B]

Edward. You gotta go then, bro. Cause I'm not paying you. No, the point is I was trying

[A]

to get you a raise, not fired.

[B]

I'm sorry, I don't know. That's a good point. So maybe he's under minimum wage. But. So what happened was under minimum wage. Okay, well, he was getting paid 3,500. And then we did employee evaluations and it got cut. But that's not like who evaluated me.

[A]

But you don't know what's happening. You told me the manager does everything.

[B]

Yeah, but the manager is like sits in on the thing and I oversee. Like we talked about it before, and I oversee all the stuff that's going on. But this one is an easy. Not all employees need an evaluation. It's. You only get an evaluation if you're getting a raise, fired, or a pay cut.

[A]

So how do you evaluate him for a cut? Why do you deserve a cut?

[B]

Because the grand scheme of it was the work was half assed, not enough urgency.

[A]

He's an assistant's assistant. What is he supposed to be? Assistant.

[B]

Look at bro. But everything would you want. Like you work at the highest level ever. Like I saw your YouTube jacket your all the way up here. If your coffee. Sure it's not as important, but that needs to be on your level because everything you do is extreme. So that's the same with all my operations. Is it has to be the best.

[A]

No, I did just spend $20,000 on a coffee thing that gets here tomorrow. That is true. That is true.

[B]

Oh, word.

[A]

Okay. No, I Mean, no, no. I mean, I would evaluate, too, and I would probably fire him if he was being bad, but I wouldn't pay someone an illegal wage.

[B]

There's. I didn't know it was illegal. I'm learning his house probably.

[A]

I mean, I don't know how it's structured.

[B]

By the end of the year, I'll make sure he makes 42,000. And the point is, you have to.

[A]

If he performs.

[B]

Yeah, yeah. But I appreciate, like, good company and loyalty and somebody that's passionate about it. So he has all those things just bad at the actual task.

[A]

How do you quantify the loyalty?

[B]

Just the vibes, dude. I feel like you spend too much time quantifying, like, everything. Sometimes the vibes do.

[A]

Livelihood. We're talking about hopefully his future.

[B]

Yeah, yeah. But my own future is based off of, like, the vibes of, like, the overall.

[A]

You guys all lived together in Austin?

[B]

Yeah, it's Austin.

[A]

I thought you lived in Miami. That's what I was told.

[B]

No, we lost that house.

[A]

Foreclosure, Gambling. How do you gamble a house? Not actually gamble a house.

[B]

I literally gambled it away, like, legally.

[A]

You did.

[B]

Not everyone. That's what I said. Everyone's like, oh, like, I gamble away the house. I'm one of the first people, if not the first person, to quite literally gamble. Gambled my house away, and we did. This is not a joke at all. This happened about a month ago. There's everything. I did a coin flip with Steve will do it, and he put up $2 million, and I put up the house. So if I won, I would have gotten free $2 million.

[A]

First of all, how would you even pay that? Because I. I did. At least there's not $2 million here.

[B]

Like, oh, I bought the house, like, a long, long time ago.

[A]

Okay, what was the house worth?

[B]

Well, I have 600 or 700 down, and then it's a $1.9 million appraisal, and then the rest is.

[A]

What do you speak normal? And then when it comes to the word hundred, you, like, gain autism or gain down syndrome. Like, how does that happen? It's only the word hundred.

[B]

How do I say hundred?

[A]

Hundred. Yeah, but every other word you say, right?

[B]

No, but here's the thing. It's like, who the is Shakespeare? And why does he get to say whatever the he wants? And now everyone understood you understood me. So it's like, I could say ball sack. But if you got the idea that he's saying hundred, we're probably on the same page. It doesn't matter. Right.

[A]

No, no, no. I got you. I'm just wondering why it's the only word you don't say.

[B]

No, no, no. But the more we talk, you'll probably. Because people make fun of me for a lot of things and how I talk, which is interesting. I. My vocabulary is below average. So I think that's why sometimes, like, there's a phrase that's very common, like Dirk or smirk. Like that will be like, broader vocabulary and there's meaning.

[A]

Smirk? What are we talking about?

[B]

You just got clipped. It's awesome. Okay, but the point is you'll always understand what I'm saying. I know.

[A]

I don't know what means.

[B]

Okay, moving on. Moving on.

[A]

I don't know if I said a

[B]

slur to learn about my finances, not be. What's the word? Ridiculed about my language.

[A]

Well, I'm trying to get to know you. I'm trying to because you couldn't tell me how much you. Well, I mean, you kind of told me how much you make. You were told it was 1.9 a quarter last year. Are we on the upswing?

[B]

No, no.

[A]

Mid.

[B]

In the last five quarters, on average, 1.9 a quarter. We are on the upswing a lot. I have an idea of how much I get paid, but a lot of it. So one of my deals is I get money to gamble, and that's their cryptocurrency.

[A]

Oh.

[B]

So they give me crypto to gamble. And sometimes I lose that, sometimes I win that. And a lot of the times, like this chain. I steak.

[A]

I don't know that one. Okay. Okay.

[B]

Yeah. And so like this chain I bought in crypto. So it's like that never even went 50,000. And then these two are like 100 something, so maybe like 170.

[A]

The chain was 100 something.

[B]

We show wedding ring on each rock, bro.

[A]

Why?

[B]

Because then it's like I got a wedding ring on each.

[A]

Okay, listen, we're.

[B]

We're.

[A]

We're. We're obviously bleeping this, but what's the address of the house you lost so I can look it up?

[B]

Uh, let me check.

[A]

You don't know where you lived?

[B]

I never went there. We bought the house. I stayed there for like five days.

[A]

Where did you live?

[B]

Where were we at that time? We were in L. A.

[A]

Are you in Austin?

[B]

Why? Uh huh. Oh, here's the address. Yeah.

[A]

Why are you in Austin?

[B]

It was the cheapest thing, like for the. I wanted a big house that I could work in, like have a big office and a lot of space. I couldn't afford Miami. I couldn't afford L. A. So we're just like, well, Austin, me,

[A]

If you lost the house, if you lost the house, how'd you get a place here?

[B]

Well, so I had two houses that I owned. Two houses, this one.

[A]

What was your purchase place price for that? For the one you.

[B]

I remember it got appraised for 100,000 less.

[A]

But what was the total?

[B]

I believe 1.95. So maybe it got appraised 1.85 and then we coin flipped at 1.9.

[A]

Okay, so, like, I don't know if you get caught up in a drama or if you just like, stop being creative somehow and you don't have anything. You just lost $2 million. How are you surviving the rest of your life? You just lost $2 million.

[B]

Well, bro, what do you mean if I stop being creative somehow?

[A]

Like, you don't know what happens? Maybe the audience moves on. What's your demographics?

[B]

Well, I don't even know what.

[A]

My, My high school brother knows you, so they're probably kids.

[B]

Oh, yeah, yeah, whatever. Like I would imagine young men. But either way, the move on. I've invested so much into me as a person. I can always, I will always be

[A]

able to do person. What have you invested into you as a person?

[B]

Look at me, bro. It's like a big wedding rings, you know, receding hairline, things of that nature. But I'm always able.

[A]

True.

[B]

I'm very confident. Yeah, it's horrible, dude.

[A]

Finesse, ride. What's going on?

[B]

I'm scared of it. I don't My hormones. But either way, so this is the point. I'm so confident that even if I were to not be doing social media, I would cook up another scheme and make money another way. There's no point in life. Scheme?

[A]

Scheme?

[B]

You never heard of scheme?

[A]

Yeah. Don't act like it's gonna be scammy, though.

[B]

I, you know, it's scammy.

[A]

Scummy.

[B]

Before I, I. It's easy to like, talk down on people, right? Like, oh, that guy's just as a scam or whatever. Before I got famous, I wanted to be rich so bad that I was in the college in a frat, and one of the schemes was a literal scam. We were trying to. This was before pump fun. I was like actually going in and coding my own meme coins, trying to rug pull people. And it cost about a thousand dollars in making it and liquidity and everything. Either way, I had like $20,000 for my name at the time. I was so bad, I couldn't get anybody to buy my scam. So I ended up losing, like, $20,000 trying to scam people. So I'm not even good at it.

[A]

But you try to scam people, though.

[B]

At the time, when I was 18, I needed to be successful so bad that, like, ethics. Now, of course, we've learned that there's, like, I've grown as a person, so. But back then, I can admit, bro, when you're 18, you're effectively, you know. So now it's like, I would never scam somebody because I know I can do it the right way.

[A]

Okay, what about the gambling? You gamble on camera. You think that's moral?

[B]

It's hard to say.

[A]

I mean, morals are subjective.

[B]

Okay, put it this way. What's the downside to gambling?

[A]

Losing money and losing your money.

[B]

But lose your money? No, but you're paying for inexperience.

[A]

Go get a massage or something, dude.

[B]

What if I want to gamble, bro? It's like, the gambling has given me the most wonderful experiences, and I've met my best friends. The best memories in my whole life are through gambling. Not because one of your best friends

[A]

just took a $2 million house from you.

[B]

Yeah. And, you know, it's nice. He gave me a $700,000 car.

[A]

Oh, what a king, bro.

[B]

That's such a nice gesture that he won $2 million. He didn't have to give me shit. He risked his own 2 million for that. He won a bet fair and square. And he said, you know, I feel bad. Here's a $700,000 Lamborghini. I didn't need the Lamborghini at the time, and. But it's still a nice, like, gesture. But the point being is that the best experiences, it's like an expensive membership to a country club. And also, in some cases, the country club pays you. You land in Vegas, Vegas will get you a private jet, the nicest room. You get a massage at the table, a bunch of whatever you want, Anything and everything. So it's an incredible experience that without

[A]

gambling, you have the money to do it. It sounds like.

[B]

I don't know how to explain this, but the viewers will understand. It's fun. Like, it's an activity that is just fun.

[A]

There's no saying gambling is not fun, but you're saying what's immoral about it? There are issues.

[B]

So do you think, like, drinking alcohol on camera would be immoral?

[A]

Potentially, yeah.

[B]

So the exact same with gambling.

[A]

Potentially, it was binge drinking on camera and trying to get your Audience to endlessly drink. Especially if you have a young audience like you do with crypto.

[B]

Is there anything when you see doggie blacked out gamble for 18 hours and at the end of it. Because I've done everything right? I've done the good and the bad of every drug, everything. You know, the. And I done a lot of.

[A]

Why? What the why?

[B]

Because you. I don't know. I just wanted to try it. It's not.

[A]

Well, you did a lot.

[B]

Yeah, okay, that's a good point. But either right now it's like to. To understand an experience, you got to like go all the way into it.

[A]

Have you done.

[B]

No. He. He. He's straight as an arrow. Good either way. Thousand dollars a month you should give you your employees. You don't. You could. You could save cost, bro. You fire 20 of them, 10 of them all, man.

[A]

You have Adderall.

[B]

Yeah. It's the same thing, right?

[A]

Listen, if you're so moral now, why'd you just start a supplement company and immediately gamble $250,000 of it without telling your business partners? Then you lost it. Is that moral? That's their money and that's their business.

[B]

But you got to understand, if you're analysis. What's the word? Analyzing everything through your lens. Each relationship is unique, right? So me and my friend, it's like, what's mine is his and what's his is mine. Doesn't really matter. It was for.

[A]

He consented to that?

[B]

No, but the point is that he could do something like that. If he did it, I'd be like, you know what? He was trying to do something for us, and he believed it.

[A]

He didn't do something for us. What did you gamble on?

[B]

We had the Patriots to win the super bowl and we lost, bro. But that's not the point. The point is, if he took one of my cars, sold it because he had a crazy lock, I would be like, that's okay, because he was trying to do something better for us. And that's what friendship is about.

[A]

There's no friendship.

[B]

There's no selling your own car money that would ever cut my friendship. I could go dead broke, but at least I have my friends. And this is the problem with all the mother that are like giga rich people say, oh, you should be an average of or you're an average of the five people you hang out with. Get rid of your loser friends. I think that's bullshit. I think like loyalty, memory, real love is way more valuable than money. So if I one of my best Friends somehow lost all of my money. All my friends got all access to my money because I trust them. And we're all like. Like this. And that is more special to me than being in a penthouse in Miami or whatever it might be.

[A]

You don't need to be living like a crazy bougie life. I just want to make sure you're taken care of. Listen, you're right. There is no more important things than love, friendship, all that stuff. But real friendship, real love isn't using the other people's assets to try to benefit themselves, to benefit us. Us. Us is that. I just feel like that's what you're telling yourself.

[B]

Well, he would have gotten half the money if we won. And either way, the point is that. Right?

[A]

But he's using your assets to do it.

[B]

But you can't tell me that. Say, say, listen. Say I'm wrong 20% of the time or whatever percentage was, be or might be, every decision in my life leading up to now has made me very successful.

[A]

Hold on. How do you quantitate success? Because your net worth, as far as I see on paper, isn't anything substantial. I'll be completely honest.

[B]

I get to do whatever I want. I'm on you time. I get to do for now whatever I want, whenever I want for now. But it is now until your audience ages out. And I've always been on my own time, do whatever I want. Me and my friends do whatever we want. We're going to Cabo next week. We rented out 20 rooms for. Just for fun. Because we do whatever we want. And that is my idea of success is that no one tells me what to do. And at any point, because I'm just.

[A]

We're all bro.

[B]

We're all just.

[A]

No one tells me what to do either. No one tells me what to do either. But I'm only set up for success if I get married, if I have kids, I'm taking care of them. I'm making sure the people around me, my employees, are taken care of. If I have a down month, down year, I know we can sustain ourselves.

[B]

Yeah, okay, so your employees are.

[A]

If you lose it, all my employees

[B]

are happier than your employees. Because I just bought him a Rolex because I was in a good mood or whatever, because I changed his life. Just being. Listen, listen. You got to understand this. How much you. You care about your employees. Just a dollar amount. You say, here's what you get is dollars. I care about my employees.

[A]

Get them health insurance as people, bro. You get them health insurance.

[B]

So now that's more dollars you're giving them.

[A]

I sit down with them. I sit down with.

[B]

No, no, I. If. If he went to the hospital, I'd sell my car to make sure that his. If his mom went to the hospital,

[A]

lose it in a B.

[B]

But that's the bet. You have to.

[A]

Already.

[B]

They're betting on you. But the problem with betting on you is they will never have the love that I give them. Because you're sitting there. Oh, sorry. It doesn't work with the accounting team. I'm like a person running off emotions. If his mother was in the hospital, I'd sell my house. A heartbeat. Even though he only makes a thousand a month.

[A]

Lost it, dumbass.

[B]

I have another house right there and I've got.

[A]

Okay, listen. Take care of them.

[B]

You got to understand, Twink. You got to understand. The way I've set it up is that sure, I spend crazy. If it ever hit the fan, I bring in a million a month, easy. For now, I've been bringing in a million.

[A]

1.9 a quarter is not a million a month.

[B]

Okay, now we're at a million a month, right? You can look at the. Oh, I guess I didn't send you the okay statements.

[A]

But yeah, I mean, I got.

[B]

I can't. We're gonna go through it, but I can't leak contracts.

[A]

Let me see your YouTube studio. We're not going to show it on screen. But I need to see it. I want to see your demographics. I want to see what earnings are going there.

[B]

There's no monetization. You can show it on camera.

[A]

Why are you not monetized?

[B]

Because it's not. It's not very much money. 20,000amonth.

[A]

Well, 20,000amonth gets him 10,000 hours a month and another employee. 10,000amonth. And health care is caring about your employees?

[B]

No, it's putting a dollar value on how much their health is worth. His health is worth my entire. No. Net worth.

[A]

No.

[B]

And that's what it is.

[A]

Isn't that much. If you got cancer, would it cover it?

[B]

Needed. If I needed to, I could work harder, spend less and make a 1.5amonth, two a month and then pay it off. Whatever. Just. Cuz I spend 300 racks on private jets doesn't mean I can't stop because something else comes up.

[A]

That's the thing. I don't know. If you could. You might gamble it, you might lose it. I don't think you could say I could spend less.

[B]

You don't know. But I know because I know above any addiction that I have. I care about people above all else, right? So.

[A]

Says every addict.

[B]

Says every addict. But I can stand on that business because I have spent millions of dollars. I've sacrificed millions and millions, tens of millions of dollars. For example, the Ivor thing, My best friend owns half of it. No, no, listen, listen. My best friend owns half of it, right?

[A]

Half of what?

[B]

The business, Ivor. Right. So he.

[A]

Is that your business?

[B]

Yeah, yeah. 50. 50.

[A]

Ivor is your business?

[B]

Yeah, I own 150% of it. Owns the other 50%.

[A]

I have you on 100% of 50%.

[B]

No, no, no. You get what I'm saying? See, we're back to the semantics. You keep going back to the semantics, trying to distract me from my point. The point is I'm just making fun of you. He is. He. He. I gave him a big opportunity and gave up on big investors. I had other people that could build me better infrastructure, but I wanted to build a business with my friends. You know what I mean? So that's why I sacrificed building my business, exponentially, scaling it to give it to him.

[A]

You know, scaling it. Okay, fine. What's the worth? What's it valued at if you were to sell it today? Can you answer that? Listen, you don't have what people would say is necessarily a sustainable audience. New viewers is 24%. Your demographics are young. They move on easier. You want that established like that, that 30, that 25 to 44 crowd, they stick around. You have a decent chunk of the 25 to 34, but your second biggest chunk by far is 18 to 24.

[B]

It's not about YouTube. It's about me. Everything I do, I'm gonna win it. So it doesn't matter if it's YouTube. I could go over and a couple of Mr. Olympia. I could be the best bodybuilder in the world. I could go to the moon if I wanted to, and then I'm going to get rich. You know what I mean?

[A]

Objectively, no. How are you going to the moon?

[B]

Factually? I could. And you. You can't.

[A]

How? Define that important how? Because I could. Yes, it is.

[B]

And that's what you don't understand. I live on Mars. I can do anything and I will do everything. And you'll never understand that. And I couldn't explain to you that I could be the president. I could be in the NBA if I wanted to in five years. And that's just how I operate with everything. And it's like, dude, all right, you

[A]

suck with money, so you Download a budgeting. You start with the classic one Ynab. But everyone just deletes it because it's way too complicated to use. So you go to everydollar. That's Dave Ramsey, the personal finance guy, right? Well, they're going to force you to use it his way. That's not very personal. Finances. Rocket Money. They got a lot of commercials, but they're owned by Rocket Mortgage. Guess what they want to sell you in the end. Then there's the new guy on the block. Monarch. Hundreds of millions of dollars of private equity raising. Some so far. But private equity doesn't have the best track record when it comes to private data. That's why I like dollar wise bills. Play these people just like you for people just like you. No private equity, no gimmicks. Just the best budgeting app there is. Download it now. Start the free trial Dollarwise.com link in the description below. That's kind of stupid, I'll be honest. But what's not is actually getting a checking account that gives you free money for free money. We like free money. You can get up to $350 in bonus cash right now when you sign up for the checking account that I use, Chime also it makes your savings grow at a 3.5 APY interest rate. Guys, you can watch Financial Audit and get free money at the same time. Who would have thought? That's incredible. Check it out. Link in the description below. Sign up for chime. Get that $350 right now in your checking account. Dude, because you struck success once does not mean you're going to be an Olympian. This is not how this works, man.

[B]

Okay, listen, listen. It's not about how, okay? If we want to talk about striking success multiple times. I was a millionaire when I was 19. Then I went broke and then I made like a few hundred thousand dollars on my pursuit. It was like maybe half a million dollars on my pursuit to like YouTube failed again. So it's like how do you quantify success if it's a millionaire? Different times, huh?

[A]

I don't even think you're a millionaire now. The savings I have here is $391,000.

[B]

Oh yeah, dude.

[A]

Plus $100,000 of debt holdings. Huh?

[B]

300,000 in Pepe, but okay. I don't know.

[A]

$100,000.

[B]

Quantify what a millionaire is.

[A]

You have a million dollars versus liability. Your liability as far as I see here is 100,000. But you say there's another house. Do you have loans on that?

[B]

Yeah, yeah. Did we not Tell you the other house.

[A]

No, no.

[B]

800,000 in equity. Who's we?

[A]

Who pulled your statements?

[B]

Gerd?

[A]

Okay, that's. That's the guy, the guy that runs. Yeah, Gerd. Yeah.

[B]

But either way, the point is, okay, am I a millionaire? Maybe. Probably.

[A]

Maybe with the house, I don't know what the.

[B]

Well, I mean, I have like, what, my car collection is, like, two and a half million.

[A]

Any leverage on those? I mean, I have a hundred thousand hour car loan, I think, right?

[B]

56,000 Huracan.

[A]

Okay. You showed up with like, what was it, a Rolls Royce the other day when you filmed Iced Coffee Hour. You own that?

[B]

I own every car right out. Or is there a cash huracan? What's right out there?

[A]

Loan.

[B]

No, no loan.

[A]

No loan on it. Okay, well, they are. Cars in general, are depreciating assets, and that leads. It's a little different.

[B]

We're just talking. You were just like, oh, is he a millionaire? Oh, I don't know. He has $700,000 of oil tow. A 500,000. Nah, $300,000 rolls. That's a million dollars right there.

[A]

That's pretty close. But your liabilities, we have to take into account that. I don't know what your liabilities are because you couldn't send everything.

[B]

I don't know what they are. The house loan. And then I own my home in 30 racks.

[A]

What, you own two homes still?

[B]

No, no, no, just this home. 800,000 equity and then something.

[A]

30 racks. What is 30 racks?

[B]

I just owe a friend. That is like a gambler.

[A]

You owe a friend. Okay, for like, degenerates. What is it? What is a. What is a rack?

[B]

Oh, thousand

[A]

K. Why do you own 30?

[B]

Oh, I don't know. I was.

[A]

Are you not afraid of retirement? Because that's what I'm afraid of. I'm going to this conversation thinking about how do we get you to the point of any kind of stability? If anything were to happen, you'd be fine. That's my big conversation.

[B]

Okay, well, the thing is, I don't want to retire at any point because what do you do?

[A]

No, no, no. It's a sense of security. If something goes to shit, it gives

[B]

you a chance to understand that if anything, like. Okay, what in your head, like, what is like, going to shit mean?

[A]

Lose all your income. Income zero.

[B]

How would that happen?

[A]

It happens to people all the time. Businesses go under every single day. Billionaires go to zero. This happens. And you're not special in that regard?

[B]

Are you kidding me? I.

[A]

In that regard, Compared to people with built billion dollar businesses? No, those.

[B]

And you're telling me they just lost their billion dollar business income zero and then they die?

[A]

Yes. You never know.

[B]

That does not happen. And a B, it would never happen.

[A]

Like tax frauds.

[B]

Speak that into existence because that would never happen.

[A]

I hope it doesn't happen now.

[B]

Your mouth is like you putting this into the world. An idea that would never happen. That's like me sitting here. I hope it's happened to people, but it would never in a million years happen to me. Because dude, you have to understand who you're talking to. The man that can go to the moon. I live on Mars. Nothing. I could lose it all and make it back. And dude, it's also like, bro, I have such. This is the difference, right, between like you and I. I care so much for people that I'll go broke for a person.

[A]

You can't say I don't.

[B]

But you put a monetary value so then you live their lives independently. You don't have health insurance and you're gone. Whatever. No.

[A]

Hey, Togi, guess what?

[B]

Cancer doesn't fit our statements.

[A]

No, first of all, listen, if you do have assets, let's say $2 million. If someone gets an aggressive form of cancer and they need extensive treatment that might cost millions, something you can't cover by liquidating everything, number I make a million dollars a month.

[B]

I'll cover it in three months, no problem. You have to understand this.

[A]

You don't understand 50amonth.

[B]

Understand that karma is a very real thing. I think because the Asian side of you is so charitable that I'll always have the universe working for me. It's not about the numbers, it's about the vibes. I'm trying to explain to you how important the vibes are of this life. And it's like you got everything got to be on a spreadsheet for you.

[A]

No, it's. And number two, the vibes are very important. If he leave for whatever reason, either forcefully or he leaves on his own, you don't take care of any and him anymore. But if he was making enough, he could set aside money.

[B]

Employee aside. He's my friend.

[A]

He's my friend now. Not everyone's friends forever. It happens.

[B]

No, under.

[A]

But you've never lost a friend in your life.

[B]

Ever lost a friend?

[A]

Not once.

[B]

I have about seven.

[A]

Friendship fizzle out ever.

[B]

Never. I have seven friends and I would die for every single one.

[A]

How old are you?

[B]

23.

[A]

Well, that's why. I mean, dude, you just don't have Life. No, no.

[B]

You can't say. You can't say something's going to happen to me because I've not lived enough.

[A]

No, it's just happening.

[B]

That's like having this.

[A]

No, no, no.

[B]

This happens to other people, but it's going to happen to you. Just because you don't understand. You're talking.

[A]

I'm not.

[B]

Like, I don't understand my own friendship. And you're trying to, again, put this miracle value, this statistic on my friendship, on my love lives. That's never going to happen to me.

[A]

Tog. You're not listening.

[B]

I'm listening. And you're telling me because it happens to everybody else is going to happen to you.

[A]

I'm not saying it's going to happen to you. I'm saying because it is so common, there is a decent chance.

[B]

And if I just said.

[A]

And if it does, they're. Because you didn't take care of them.

[B]

Here's the thing.

[A]

To prepare themselves.

[B]

Here's the thing. If a friendship somehow were to fizzle out because of the many, many, many years of me getting to know that person, building connection. Love doesn't just evaporate. If I love somebody and we had a falling out and something happened, I would still send them a million dollars. And I can say that with 100.

[A]

Okay, what if you died at 35 because you stepped in the street, got hit by a truck because they're sick trying to survive?

[B]

I give every one of my friends the best opportunity. Right now, we're teaching Edward how to work hard. We're teaching. We're giving half of my business to.

[A]

Proud of you, Edward.

[B]

I work I every single person in my circle. I don't just give them, you know, money so that they can save up and make their little 100,000. I give them the opportunity to become something incredible in their mind like they.

[A]

Has Edward learned being around you who lost his house gambling?

[B]

Dude, Just me sitting here on this podcast talking to you is something that, like, he was never exposed to before this world. It's like now he's in the room with you.

[A]

What did you learn from this, Edward?

[B]

He's going to learn something at the end of it because he's in a room with a goated finance. Go to YouTuber. Look at this. He's sitting in the room with one of the goats. You're telling me that's not valuable? If you were sitting in a room with Jay Z, you're going to say, you know what I learned really from that?

[A]

Yeah, but you're like the only influencer to even come on the show. He would come here as a normal person. We film with three normal people regardless.

[B]

Like, strip it of the value.

[A]

Yeah, but he could have come here regardless.

[B]

Like I say, he's here with you now. Yesterday he was hanging out with Steve Will do it, one of the biggest YouTubers in the world. And the day before that, he's with the Trentons, two of the best powerlifters in the world. He meets people with year eight production. He gets to be learning in these circles. And then we do like whatever reflection of everything.

[A]

Understanding his reflection led to a pay cut.

[B]

Yes. That's how it works, bro. If I kept blowing smoke up his ass.

[A]

Oh, good job, good job.

[B]

Then he's going to keep thinking he's doing incredible, but by saying, okay, this is the reality. I'm not going to fire you. Your pay cut is. Your pay has been cut to effectively zero. Now it's a wake up call.

[A]

We'll bring them in in the post show and we'll let him speak his truth.

[B]

Yeah.

[A]

Okay, listen, man, so I am about to go into these finances because we do need to get in this. But I think I at least understand where you're coming from a little more now because again, I really.

[B]

That was the getting to know segment.

[A]

Yes.

[B]

All right, let's dive into the.

[A]

I don't know your perspectives. I don't even know how you view things, but now I kind of do. I didn't really understand it in general, but how frequently are you gambling?

[B]

How frequently?

[A]

Like, how frequently are you gambling large sums of money from your million that comes in a month, which is not a million in profit, by the way. We do not know what your overhead is. You know, your labor cost. Potentially.

[B]

Yeah, but the overhead is fluctuating. But yeah, per video, the net income per month to the bank account is 700,000. Right. As we've seen.

[A]

I was just told there's a million.

[B]

No, no. And then I make 300 plus through other schemes that might never like the gambling and stuff.

[A]

Oh, so that's if it happens.

[B]

No, no, no. There's like deals in place that guarantee that. But that's checking account. So that's my gambling budget.

[A]

Okay. What did you, what did you pay for this underperforming video that you uploaded six hours ago?

[B]

I thought it performed very well.

[A]

Can I see? Yeah, and I'm. I'm just assuming not. I mean, I'm not.

[B]

It's performing well. You can look at it.

[A]

Yeah.

[B]

What's the training four out of ten.

[A]

Oh, okay. It seemed like it was on the lower. So what did that cost for 53 minutes? 18 cents of non monetized content.

[B]

900,000.

[A]

Okay.

[B]

Actually a million. A million? Probably two.

[A]

Okay. And you make a video a month.

[B]

Yeah.

[A]

And if a millions coming in, I mean that's a million out plus more.

[B]

But it was so you have to understand this. I feel like you are lacking in life epic experiences and you have a lot of money. That video is going to make whatever, however many people laugh. But I get to cherish those memories forever. And that video, it's like having a cool car. So it's like you spent a million on a cool car. That's the same for the video. I got to spend whatever. And it's going to do a few million views. Will it roi? Probably not, but that's the pursuit. Listen, listen. The pursuit of better is shooting shots. And it might not work. I took the risk. 900,000. I took the risk. Will it Roi? I will find out. And if it doesn't, that's okay. Because now I know. I tried. I never have to ask, what if I tried to do a high production video? What if I tried to do something that was way out of my league but I'm trying to get there. Maybe it doesn't, but I tried. And now I know. So you're judging me on my failures aggressively. You should be. I applaud people for their failures. So that's why if I was working for you, I'd be freaking out. Because it's like, oh dude, he's going to. I mess this one thing up. If somebody on my team tries to do something like that's a little outside of the box.

[A]

Yeah, great.

[B]

If it doesn't work, that's great. We're outside of the box. That's where I live is ours. You're sitting here with this cookie cutter cutter. Everything's got roi.

[A]

That makes everything business payroll to Hitman. People deserve to actually be paid adequate amount of money. So I have to make choices and yes, be cookie cutter so that people actually are able to pay for their rent. Because they don't live with me. Because we're not in some kind of cult.

[B]

No, none of that is relatable to me at all. Like you're speaking it to me. Like all my friends we're buying. Also the next thing we're saving up for is a property. We're not renting it out to anybody. It's just for friends to live in

[A]

until you lose it. So this living Life experiences versus saving. The fact is down on because of what I've done done. And put actually money aside, I can live any life experience I want to now for the rest of my life.

[B]

Yeah, but it's not. Listen, it's about how your brain has been hardwired. You won't. It's the same with the coffee hour.

[A]

I'm gonna keep working. No, they're more extreme.

[B]

It's the same as the coffee hour. They're more extreme because they're like, oh, I only have to. I only can spend 4% of my money or whatever you. If they're more extreme if with. If you're within a 20x range of them, you've been wired your whole life to. I have to save excessively.

[A]

Did you grow up with foreclosure notices on your house?

[B]

I don't even know what that is.

[A]

Okay, well, I did. That's why I was hired that way. The threat of losing a house growing up.

[B]

I have lived in a closet before and it's not that bad, dude. It's like, chill. It's not a big deal. I used to live in a closet with a frat for free. Cause I couldn't afford it. Whatever, dude.

[A]

You lived in a frat? I mean, that's all it was. I mean, that's. Come on, everyone lives in weird situations in a frat.

[B]

That's what I'm saying is it's not that bad. Bad to be effectively homeless.

[A]

Okay, that is not homeless. That is very different than losing a family home and seeing your parents struggle

[B]

to pay a bill. That's fair.

[A]

So living in a frat. What the are we talking about?

[B]

Okay, okay, okay, okay. That's different.

[A]

I mean, I wanted to rebuttal to

[B]

something that you said, but about how you're hardwired.

[A]

No, it's not about that. It was about something you were saying.

[B]

Money and not enjoy Life with your

[A]

900 million or a million dollars that you spent other return on investment like. I don't know, man. I don't know. What are your goals? What do you want to do?

[B]

Enjoy this life.

[A]

Okay, financial goals. Oh, that goes into your enjoyment. But what is it?

[B]

I don't think about financial goals too much because there's other things that are more important to me.

[A]

There are. But what financial goals do you have? Even if they're not top priority.

[B]

Oh, got you.

[A]

None.

[B]

I've never really been like, I need a goal. But that's why I'm here is because it. Well, mostly because my mom would be happy If I had a goal. So maybe you can help me make a goal. But the point is that it's always been so low on my priority that it's never even A goal. Doesn't get established.

[A]

Do you have a girlfriend? Okay. How far are you guys in this relationship?

[B]

I've been dating for, like, 13 months, so.

[A]

Okay. You know you're taking it more serious.

[B]

No, no, no. They. She knows that we are not getting married.

[A]

You're not getting married?

[B]

Yeah.

[A]

Do you ever want to get married?

[B]

Yeah. But potential kids, you have to understand. I don't know. It's very hard.

[A]

You don't know. But I want you to be able to take care of them if you die. I mean, that's a big thing.

[B]

What would you. How much money do your kids need? Isn't it. What if you could spend a hundred thousand a year on your kids? Is. That's a pretty good life.

[A]

That would be a great life. Are you saying per kid? That would be.

[B]

Okay, so let's establish a goal. Right now. If I maxed out four kids for

[A]

$100,000 each, for the rest of the

[B]

year, we'll do 50,000 each. Because when there's multiple kids, it's, like, cheaper per kid. Right.

[A]

And the wife probably as well. Right.

[B]

Let's say I would like to raise four kids to 18 years old. How much money do we need?

[A]

Plus the mother of the children, I'm assuming.

[B]

Plus the mother.

[A]

Call her 50,000 hours. Okay. If you're trying to get to 250. $250,000? Yeah. I mean, I'd be comfortable with about $15 million sitting in a decently balanced.

[B]

So there's no way you need $15

[A]

million for them to never run out of money. You have to do about a 3% withdrawal on a yearly basis. Absolutely.

[B]

Oh, so. So you're saying 15 million. You take out 3% every year and eventually it's at zero when they're 18.

[A]

No, it should never be at zero. That's what we're trying to get it to.

[B]

Oh, no, no. But that's what I'm saying is.

[A]

You want it to go down to zero.

[B]

Well, that's what I'm saying is that's okay. I don't need. That's okay. If I die broke and my kids don't have any money. But they had a great upbringing. They learned a lot. I would rather my kids not have $15 million. I would rather them have a good upbringing. The money's gone at the end, so that way.

[A]

But why were you telling Edward on the way over here that you wanted to have kids?

[B]

I didn't. That was someone who was saying that I don't want to have kids. He. He wants me to have a kid.

[A]

He wants you to have a kid?

[B]

The point is, it's a whole thing.

[A]

Can't even take care of him how you can take care of him.

[B]

It's a whole thing. He wants a kid, so he wants me to have a kid so he feels better.

[A]

You can't raise a kid on a thousand hours a month. Edward. How old is Edward?

[B]

22. Either way. So the point is, I don't want kids. But surely that mentality changes as I mature. But the point is. Just tell me how much money. So it's zero. We're not talking about 3% withdrawal rate to get my four kids to 18.

[A]

How many dollars thousand hours a year times 18. And then, and then the mother of them just has to survive off of nothing for the rest of her life.

[B]

No, no.

[A]

Sure, give her 5 million.

[B]

Sure. Give the mother $100,000 a year for

[A]

the rest of her life forever.

[B]

No, no, no. Everybody is only surviving until the kids are 18. And then as far as that goes, once you have kids that are 18, your life is over. You might as well be, you know, dead, because that's like the ultimate lucky

[A]

woman who gets to have your children. 5.4 million. Oh, yeah.

[B]

5.4 million. So how much is that a year?

[A]

Well, I don't know how many, how many years to get to it?

[B]

18 years, dude.

[A]

Divine.

[B]

5.4 million. Do I divide 18 years?

[A]

Yes. Well, how much is that a year? Enough to take care of him. It's 100 for her and 50 each for per child.

[B]

So how. I, I don't, I don't know what we're talking about.

[A]

How much money is 300 a year?

[B]

300,000 a year?

[A]

That's what you asked for. Yeah.

[B]

I don't see how I could ever not make $300,000 in a year.

[A]

No, I said if you're dead, dude.

[B]

Oh, if I'm dead, if I die. But then there's kids. If I die, dude.

[A]

Oh my goodness. It's after, it's after the children.

[B]

Oh, the children get born and I die.

[A]

I have to. Yes.

[B]

That's not. Bro, that. No, no, no, no, no. Then the, the dynamic of the family changes.

[A]

Yeah, they'll be sad and poor.

[B]

They'll be hard working mother. You ever heard of David Goggins?

[A]

Holy.

[B]

One of the coolest badass motherfuckers Alive, no father, life, no parents. They all. He got around on top and now he's the goat. So it's like, bro, the dynamic changes. God has a plan for the kids.

[A]

Yeah, I love making a three year old work hard.

[B]

David Goggins is really well off.

[A]

Glad you picked one guy, dude.

[B]

But if he can, why can't they? And that's what you don't get is that anyone can do everything you think everyone needs to save. Because it's like manifesting your own and everyone else's failure. It's like their own demise is coming. So you gotta be ready for the demise. How about this? It's basically, it's never gonna happen. That's where David Goggins is so successful. Because it was never a question. We're not going to something. There's never a plan B. There's never like, oh, what if this goes wrong? It's called plan A.

[A]

Why do you get healthy? Why did Goggins get healthy?

[B]

What?

[A]

Why'd he get healthy? Because he was a fat.

[B]

He wanted to join the.

[A]

The Marines wasn't out of any fear for health complications at all and having more energy.

[B]

I don't know. Did you ask him? I have no idea.

[A]

In his book you know him. I don't.

[B]

In his book, he did not speak on health complications.

[A]

You read a book?

[B]

No, no, I listened to it.

[A]

Okay. I'm assuming if it was just to join the Marines, then the point doesn't stand. But if it was for doing more health, if he can do anything, then why can't he be a fat can join the Marines?

[B]

Because to join the Marines, do anything you want.

[A]

Exactly. And if you want to take care of your kids, you need a bit of money to make sure they're taken care of.

[B]

Joining the Marines made them skinny as a result. That's not like in the process of

[A]

making sure your kids are taken care of by the time you die is I save money.

[B]

That's what I'm saying is if I do die, they will figure it out.

[A]

Not necessarily. Many kids don't.

[B]

Yes, bro, because, and listen, this is setting them up. Just. Life isn't supposed to be so easy. If I die, my kids are going to be stronger than I am today.

[A]

I'm not saying make them spoiled.

[B]

Listen, every day I've had a very good upbringing and that to a degree, those who go through more trials and more difficult battles have a higher purpose and have a higher ceiling because I almost. Because I was so blessed and had such an easy life, I am effectively not as hard. I'm not as hardwired as somebody like David Goggins would be.

[A]

So it's also why you're not afraid of anything bad happening.

[B]

If something bad were to happen, I would pray to God that he has a plan for me and it's going to make me a better person at the end.

[A]

He does. That plan might be homeless because it happens to tens of thousands a year.

[B]

You say that nothing is bad. That happened to me in my life. I almost died last year. I overdosed and I almost died. That's fundamentally.

[A]

Well, that's your choice to do drugs, asshole. Yeah.

[B]

Just because it was. That doesn't mean it wasn't bad. The point is, that's why I don't bring it up. Because it's my own fault. Right.

[A]

It's never been an emergency.

[B]

But listen, just because something is bad doesn't. It might be a blessing. God has a plan. And just because something. Whatever. Your dad died again. Countless people become stronger because their trials now their ceiling is unlimited.

[A]

Countless people become homeless every single day in this country. And they believe in God. And that's their plan. And that's the plan that was made for their lives.

[B]

Are putting too much value on security.

[A]

Money, security.

[B]

Who's to say that anybody doing much less than you isn't. You've never asked. Like, okay, what I'm saying is I know a lot of billionaires that are depressed and I know a lot of homeless people that are depressed. It's not about.

[A]

It doesn't make you happy. I'm not trying to make you happy. I already know you're happy. I'm arguing for a little sense of security. If your life turns on its head, you might be a paraplegic tomorrow. You don't know what's going to happen, dude. That's all I'm saying. It happens to people every single day.

[B]

That's what I'm saying is.

[A]

Okay, if I'm not trying to buy your happiness.

[B]

Okay. If I become a paraplegic. Okay. What are you saying? I should have. If I. So your picture that you're painting right now is 10 years I get both my legs cut off or something of that nature.

[A]

Yeah, you dive into the water wrong, dude. It happens all the time. It's happened to people. I know. Actually, it's kind of crazy.

[B]

And so what's the point then?

[A]

You're not going to be able to produce the same kind of content. Your audience, your views are going to fall off.

[B]

It's not about the YouTube views.

[A]

No, it's about security. I want to make sure you can take care of yourself for the rest of your life.

[B]

I can take care of myself because I'm togi, not because I got a YouTube channel.

[A]

So your ego.

[B]

Yes. Uh huh. But I feel like you're not understanding. But every successful person has this to a degree. You used to be very unsuccessful and whatever and you became something magnificent. You had a degree of delusional ego in your own head. So you're not necessarily showing it.

[A]

I'm not saying ego's bad, but if it's putting you in a position where you might up your entire life if something goes bad that could be damaging.

[B]

Life is risky, okay?

[A]

And that's why you overdose. And that's not good.

[B]

Yeah. And that's not great. So life is risky, dude. Life is risky. And me overdosing may have potentially inspired millions of people to get off of drugs. You know, again you'll see more saying no, but then I might die.

[A]

So what are we saying?

[B]

Because what you're saying is that you're sitting here walking on like this line of like, oh, everything is. And I gotta be so careful. I don't want to live like that. I just want to be able to do, you know, whatever and come. It's more exciting to have all the risk come at me. So it's.

[A]

Unfortunately your drug use incentivized and inspired Brandon to do drugs instead of quitting.

[B]

So is this true? You did drugs because of Togi?

[A]

Yes sir.

[B]

All right, so that.

[A]

What did you overdose on? I thought you said you barely tried it, but you did a lot or something. So the first time you ever did it.

[B]

No, that was many times in.

[A]

Oh for sake.

[B]

Listen, bro, my experiences I could bro.

[A]

And you're done. You haven't.

[B]

Yeah, yeah, I've been so for about four months. In that four months I had one night. Where did you overdose? Maybe 16 months ago.

[A]

Okay, okay. So you relapse often?

[B]

No, no, in last four months I relapsed once. I got really wracked about till 10am so we're making good progress.

[A]

In the last four months, yes, you've relapsed, but. And also before the most recent four months and the 16 months that you

[B]

went to after I overdosed, it was not any second of like we should stop.

[A]

I.

[B]

There was a. That's the life of a drug now.

[A]

Why have you stopped now?

[B]

That's a good question. Life is just too busy to be giga racked on all the time. But either way. So I know you're being sober forever. I'm just like mad busy. And then I just, like, haven't done drugs in four months.

[A]

You know what helps with. Not to sell you on it, but not really.

[B]

Kind of helps you, like, make really bad decisions and gamble, like for 20 to 80 hours straight.

[A]

Wait, so all the content. Oh, all the content that everyone was watching until a few months ago was out content?

[B]

No, there's. There's like specific videos that I can tell you and then a lot. So the drugs, like, rotate. We say as like, because whatever, that's what I overdose on. But there's like the video. Why not you? I was on Adderall for the whole thing. Like, really rack, like 100mg Adderall, the whole thing. And you can pretty clearly tell, like, when Togi gets on the camera. Is that guy on Adderall? Adderall was my favorite.

[A]

What was your most out video?

[B]

No, no, I didn't usually do it on camera. That was just like, for the love of the game. That's why he's the goat.

[A]

And don't forget, I want you to be on the next episode of Financial Audit. So go to calebhammer.com apply or click that link in the description below. You'll have a great time. And I'm going to roast the out of you. Starbucks is bull and a waste of money. And you already know that by making your coffee at home and invest in the rest. So now you need to do that with your energy drink as well. Make gamer subs at home for just 40 cents a serving. And honestly, it literally tastes better. And we proved this accidentally via a blind taste test in our Hammer Elite show, Fat and Fatter. The number one ranked energy drink is gaming sauce.

[B]

Literally. The cherry flavor is insane.

[A]

Listen, you can also get free samples to see if you like it. Or 10 off your order at GamersUps GG or click that link in the description below. Type in code Caleb.

[B]

But, dude. Okay, what is the big deal? Why are you so judgmental? Dude, it's chill, bro. I'm asking questions. No, no, but you're like, say there's like, okay. Like he did for the love of game. It's like, okay. It's like, dude, yeah, I did. And it was like, kind of like to a degree. Awesome. But the point being is that it's like, dude, okay, whoa, whoa, whoa. You're gonna have to accept the fact that some people like a slightly riskier life.

[A]

I'm okay with the riskier life. I'm okay that you've Been busting my

[B]

balls about it, but okay.

[A]

I'm just advocating for one thing. You setting aside a couple million.

[B]

Okay, okay. Give me the game plan.

[A]

Okay, the game plan. And I'm gonna go through these finances right now and then we're gonna go through it. I literally just want you to set aside a couple million dollars. Five million dollars. And then just pretend like it never exists and you can blow the rest. I don't give a. That's it. Can we just agree on that?

[B]

Okay, so I should set aside 5 million?

[A]

Just that.

[B]

I'll set 5.

[A]

You can live a good life with that.

[B]

How do I do that?

[A]

What is. I want to know from your perspective, how would you rate your finances? 0 to 10 as a big picture. 0 being the absolute worst, 10 being the absolute best.

[B]

9.

[A]

If you want your Hammer Financial score, get [e-mail] just takes a few minutes to sign up. You take the score and there's a

[B]

thing that does it.

[A]

Yeah, there's a thing that does that. And thousands of people do it daily. You can do it and it is free. Caleb hammer.com and if you don't want to be like Togi, don't do. Then also make sure to download the dollar wise budgeting app. It is the best budgeting app out there for a reason. Take the free trials if you like it. Most people take the annual version because it saves them 50 on the money. And of course, when you do, I will send you my signed budget friendly cookbook mailed directly to you. And that is going away at the end of March. So check that out. Dollarwise.com Caleb hammer.com Let's see, Togi's money of the statements he did send.

[B]

You use thing in the ad you like. It's cool. It's fun, right?

[A]

What the.

[B]

What the thing? You're like, oh, don't be like toggie the. Because it's like, you know, engaging, exciting, whatever. I think you secretly, like, I think we're gonna be friends after this because you love how crazy it is and like, part of you is like living vicariously. It's like, I shouldn't, but that's awesome. Like, secretly. You're an advocate for the degeneracy.

[A]

Oh, I'm a degenerate. I'm a degenerate. We have different degenerates. I'm a sex degenerate. It's well established on this show. I'm a degenerate in a lot of ways. I'm just not a drug guy. I'm just not A drug guy? Never been my thing.

[B]

You ever been? So platinum card, that's like a common thing Togi loves. Whatever. But I thought we were, like, I was trying to create, like, a bridge, some common ground here that we could, like, shoot the shit about. Like, how about that? Like, what if we banged the same at one point in our lives? But it's cool. We can talk about it after. But on to the finances.

[A]

Your platinum card. What goes on with this card?

[B]

I don't know, because I have my mom, my dad, my sister, my grandma, my roommate be on it.

[A]

Your roommate?

[B]

What?

[A]

Isn't he your roommate?

[B]

Oh, he also has the amex.

[A]

Everyone in the world has that. Why don't I.

[B]

Because you're rich as. Why the do you need it for, bro? So you don't need more money, Bro, don't be greedy. My grandma is poor and she needs the amex.

[A]

If you make millions a year, why should.

[B]

Here's the thing, right? If I were to, like, give my grandmother any amount of anything I secretly have. I didn't tell you about this, and I don't even want to tell the camera, but.

[A]

Well, don't.

[B]

It's in a secret place. There's about 400,000 saved for my grandmother, but in a secret place that's like, giga. Top secret. But either way, is it.

[A]

Am I leaving it in? Or is it like.

[B]

You can leave it in. You can leave it in. Whatever. But the point is, bro, they would kill me if I, like, bought them a Tesla or something or whatever. So if my grandma takes the card and she likes to show her friends, they, like, go to their, like, little Asian meetup, and she goes, this is my grandson's card. And if she pays for the lunch once a month, she loves it. That's all she does with the. The credit card.

[A]

You. Are they proud of you as an Asian?

[B]

Yeah. You know, it's so funny. Oh, my God, My grandpa. So four grandkids, Everyone goes to college, very strict. Oh, get a PhD. Super strict. I dropped out of college. And they're like, you have to go to college every day. You have to go to college. You have to go to college. And then I showed my grandpa that I was making whatever. 700,000. What is the number? Six. 700,000amonth. And he's like. He tried to get all the other grandkids to drop out and work for me because he. He's like, what the are we doing getting PhDs when he makes what a doctor makes every month?

[A]

I am confused because 200 or 628. 000 is what came in.

[B]

Okay. Yeah.

[A]

This is a low month. You said a million comes in 628.

[B]

This is last month.

[A]

Yeah, last month, man. That's it.

[B]

Well, that. Yeah, I guess it varies a good bit. That seems really bizarrely low this year and a half. That was February. February.

[A]

Unless I don't have all your accounts, man.

[B]

February. We came back at like 1.6.

[A]

I don't know, maybe the business did, but maybe I don't have that. Maybe your net is just that and then you spent more than double it.

[B]

Yeah.

[A]

Is this paid off every single month?

[B]

Yeah.

[A]

Okay. I think so as well. And it's because of. Moke. What's his name?

[B]

What are we talking about?

[A]

What's his name? Dirt.

[B]

Gerd.

[A]

Oh, Gerd. Gerd. Gerd pays this off every single month.

[B]

I don't know how it happens. I pay it somewhere, but via Gerd? No, no. I actually.

[A]

You live with Gerd?

[B]

Yeah. Yeah. Gerd's one of my best friends and he.

[A]

We trust him financially.

[B]

It doesn't really matter. I could get somebody that I trust more financially, but I would rather Gerd grow into a person that I can trust financially because I trust him as a friend. So if I. If he learns the skills and he me out of a few million dollars in the process of learning the skills, then we're the giga team. And then I invested a few million in his education and then it's like, Togi really can't be stopped, bro. In six years, when everybody on my team, we know what we're doing, it's going to be awesome.

[A]

What if Gerd is siphoning money and you don't know about it to himself?

[B]

He would never do that.

[A]

How do you know? What if he thinks it's moral? What if he doesn't even consider it siphoning?

[B]

He's smart enough to know there's what is siphoning and what is not. I would never check it because I know he would never do that. And also, given the many people that look through the finances, like, whatever we got.

[A]

How many people are looking through the finances?

[B]

You.

[A]

Now who's Amanda?

[B]

The coffee hour CPA financial planner. She has access to everything, so she would. There would be red flags. But either way, the point is that I don't know, like, if this is something that's. Like, I don't understand why there would be any paranoia.

[A]

Like, I was just asking.

[B]

And this person would die for me, so why would I ever be like, I wonder if he's siphoning money. Like. Do you think your friends are siphoning money from you?

[A]

They don't have access to my accounts.

[B]

Because you think they might siphon it from you?

[A]

No, I just. Bro, you're just not supposed to let people have access to your accounts.

[B]

Okay, okay.

[A]

Fair, fair.

[B]

I trust them enough and they would never do that.

[A]

I mean there are parents that love their kids that have siphoned money from the child actors kids. I mean this has happened.

[B]

Yeah, but you keep like using the world to analyze my relationship because. Which is fair because you don't know me, but I know me. And I know that would never happen.

[A]

You know you. But there's also people that are surrounding you and people when they become successful only.

[B]

Okay, sure.

[A]

How many people do you trust your life since you've become successful that you consider one of your seven that you would die for for?

[B]

Oh, probably one.

[A]

Okay, well, him plus the ones coming up. There's an extra level of questioning that has to be done there. You never know who tries to surround themselves.

[B]

Oh yeah, yeah. I don't. There's. I'm surprised there's even one. I'm not like in the running for new friends. Like I don't really accept it with open arms.

[A]

So I'm very paranoid you're not inviting me over. I don't get to see the Austin house.

[B]

We can do a party after this with the skip out on that.

[A]

It's awesome.

[B]

But the point is I wouldn't give you access. Not because I dislike you, just because I don't. You know, like I'd say after, after, after the fame or whatever. I'm a lot more paranoid about it. But these are people that I've known forever.

[A]

Okay, okay, okay, listen. 200,000 hours was spent on this card in one month. Yeah, one card, one statement.

[B]

I think it was actually. What statement is this? Let me see this.

[A]

It was actually more. It was 300,000.

[B]

Yeah, yeah. That was four pay over times 300 something.

[A]

Which I don't think you'll be shocked, is a record on the show. I think you spent more than amrantage. Who was the other highest earner?

[B]

Who's that?

[A]

How much did your cost, bro?

[B]

Oh my God. I one time gave one $50,000 because I was so up.

[A]

When's the last got in Austin?

[B]

Oh, I never got one in Austin. Okay, just like Vegas, usually 50,000.

[A]

Have you with your girlfriend?

[B]

No.

[A]

You've been with her? No.

[B]

You've entered it. Decided. That's gross. Because there's Like a.

[A]

Sorry, not with her. While you've been with her?

[B]

Oh, no, no, no.

[A]

You haven't had sex with one other person while you've been with her?

[B]

No, no, no.

[A]

I have.

[B]

Like drug addicted Toby. Let's say maybe four months when it was kind of dating, whatever. I was banging a ton of people. And since it got serious, we have straightened out.

[A]

Do you believe this?

[B]

He's with me 24. You're getting paid.

[A]

You're getting paid.

[B]

He's not getting paid. He's $1,000 a month.

[A]

Okay, okay, first of all, all throughout here, all throughout here, you own all these cars, but there are Uber trips every second of your life and it's always like the top end Ubers. And also, how often do you go to Uchico?

[B]

Uchico, bro, is awesome.

[A]

It is. No, I go there twice a week.

[B]

Yeah. Yeah. I don't know. How much do I go to Uchico? Whenever, bruh.

[A]

Often. I'm just surprised we haven't seen each other at Uchiko. Like I'm literally always at.

[B]

I go late though.

[A]

9pm 9. Yeah. Sometimes, yeah. Okay.

[B]

We'll go to Ichigo.

[A]

That's me and my girlfriend's favorite spot. And you take flights all the time. I'm assuming that's for videos. Please tell me if that's for videos or are we just flying to around. Are we just having fun videos? Okay, so where did we have to travel for this 4 out of 10 video?

[B]

We went to Atlanta. Where the were we at? I don't even know. Where was the. Where did we go for this? Yeah. I don't know.

[A]

Why does it cost so much? This is $2,800 for flights. $2,800 for flights?

[B]

Everybody on my team flies first class.

[A]

What the. Why are we doing this? And how many people come?

[B]

I don't know. One to five.

[A]

How many? How many people come. Edward,

[B]

I'm not lying to you, bro. Why would I lie about one to five people coming?

[A]

I'm not saying you're lying. I just don't think you know. Oh,

[B]

yeah. Like one to five probably.

[A]

Okay. Lowe's popped up all the time.

[B]

Lowe's?

[A]

Yeah.

[B]

I don't know. That wasn't.

[A]

We're going to Lowe's all the time. Okay, who's. Okay, so this is in the portion of. Let's see. Because this is separated between different people. Who is this? Who is this first portion? Okay, so this. We blacked out names, didn't we? This first person. Who's the first person?

[B]

I can Tell you if it's Lowe's.

[A]

Well, who's donated on kick every second of their life?

[B]

Bro, I'm logged in on with your doing a thing. I was logged in on. Steve will do his computer. He gifted himself, like, 500 subs.

[A]

Listen, Edward, I'm gonna get you a course, career certification and a FIZ card so you can start your life. It's okay. You wouldn't know what they are. But. But it's like, dude, if you fail him or die.

[B]

Oh, yeah, yeah, yeah. But Edward's never gonna fail himself.

[A]

Sorry, Minecart.

[B]

Why are you acting like I'm his dad? Bro, he's like, a totally capable. It's gonna be a millionaire one way or another.

[A]

If looks like a little boy, I don't know. He's accepting a thousand dollars.

[B]

Why are we judging off of looks? And you're overweight. I'm not sitting here talking about it like you can, but.

[A]

And also, also, it's obese, not overweight.

[B]

I don't know. What I'm saying is he's a totally capable dude.

[A]

Totally capable. Except you pick the Mexican of your group to go to Lowe's.

[B]

Yeah, bro. No, he doesn't go to Lowe's. I think it's Gurmalurd. Either way, it's not the point. If he would be better at going to Lowe's. Probably. I don't know. I don't know. Who does any of this? Edward, do you go to Lowe's? Who? I don't know. I don't run these things.

[A]

You don't run the things, but you choose how much they make, if they're doing well or not. Oh, yeah, but you don't run it. You don't know what's happening. Kick streaming in and out, $82 of in and out. Airbnb $800. Uber trip to super trips everywhere. Everywhere. Airbnb. Airbnb 2,200. So do you guys Airbnb every time you go somewhere? So you get a full year?

[B]

I wouldn't be surprised if on this statement, there's like 20,000. Airbnb.

[A]

No, I. There's probably gonna be more than that. Yeah. Uber eats $91. Uber eats $88. Is that all the meals you guys have? Unless you go somewhere nice. It's just.

[B]

No, it's funny is we actually have a private chef.

[A]

Well, we're Uber eating every meal one.

[B]

We fired him, like, three days ago, but this whole month.

[A]

Why is he fired?

[B]

I probably just wasn't. I wasn't using him enough. I was like traveling. I'd leave for like months.

[A]

And did you take care of him when you're firing?

[B]

I gave him $10,000 severance.

[A]

What was his monthly pay?

[B]

Six and a half.

[A]

That's not great.

[B]

Well, when he talking about carrying people,

[A]

when I fire people, even that I hate, I give him better severance.

[B]

Well, when he joined, we said, this is not a real job. He was like unemployed and was like, I really need work. And I was like, sure, you can be my chef. And it was like, this is not gonna last more than six months.

[A]

Okay. DashPass UberEats $20. Uber Eats $230. Uber Eats $91. UberEats 82 do $6.59. Hotel 150. Oddly cheap. I don't know if it was like a down payment.

[B]

Yeah, surely that was.

[A]

Whoever this is is going into the gas station and getting snacks and drinks all the time. By the way, swiping your card for little snack drinks.

[B]

I don't care, dude. I encourage it.

[A]

You encourage that, bro?

[B]

They can spend my money. They're my friends.

[A]

Okay, well, I encourage you spending your money on gamer subs. $0.40 a serving link in the description below.

[B]

That was good. Well played.

[A]

Yeah, Bruh. Uber Eats $34. Uber Eats $28. Uber Eats $72. Airbnb 4000.

[B]

Okay, that place must have been nice.

[A]

Well, no, they're all around that same price, man, so. Wherever. I mean, you always stay nice, right?

[B]

Yeah.

[A]

You ever not stay? I mean, you're first class and everywhere.

[B]

Yeah, we try and stay at nice places.

[A]

No, these ones are your charges directly. Apparently this is your section O word. Okay, Uber eats $63. News link to MIA.

[B]

Oh, that's Miami airport.

[A]

Okay, 34. What about water, the hotel, $22. Chick fil A, 15 bucks. At least you went there instead of ordering. Yeah, Listen, you don't need a nickel and dime. You can live a very high elevated life with a lot of fun. That's not even. I'm not advocating against that, cuz you're talking about Iced coffee hour. What those guys. What Graham would do is like, you know, don't spend 5% of your income. No, that spend 70% of your income. I don't give a. But save the other 30.

[B]

My investment account right now.

[A]

We'll get to your investment account. Okay. We'll get to your investment.

[B]

I've been saving up, bro.

[A]

Yeah, until you lose it in a gamble.

[B]

Yeah.

[A]

Do you own your house in Austin?

[B]

No, I'm down on it. There's only One house. I. Okay, I don't know where this confusion. There's one house.

[A]

The house of the one you didn't lose. You said you own another house.

[B]

Until I lost it.

[A]

You lost both houses. Oh, that's what you said to own twice.

[B]

This is okay, there was two houses. One eliminated house owned mortgage.

[A]

Where is that house?

[B]

Here.

[A]

So you own a house in Austin. That's what. Okay, very good, very good. And let me guess. Yeah, okay, belief that. But that's where like all the charges are.

[B]

Oh really?

[A]

Uber Eats $34. Also how the you live there? That's the first place I lived when I moved to Austin. I wanted to kill myself. Well it's 40 minutes to anywhere.

[B]

I didn't. We didn't had never been to Austin. We bought the house.

[A]

Live anywhere. That's the most miserable place to live.

[B]

I think it's like a fun little paradise. But it is agonizing how far it is.

[A]

But yeah, you can live in a lot of paradises.

[B]

Keeps you grateful, you know. How lucky am I to drive here in the Rolls Royce?

[A]

Hammer Elite is the best YouTube membership on the platform and I just upgraded it. Three exclusive dedicated shows every single day, Monday through Friday. Join with the link in the pinned comment or description below. This is the best membership you'll ever join.

[B]

That's a promise.

[A]

It's a win win. You get money and I get money. These are called affiliates and you get that sweet, sweet cash for signing up for some amazing products. The first one is Chime. This is a checking account that I personally use. And you get up to a 350 bonus with a new Chime checking account and earn up to 3.5% AP why on your savings. And second, my investing app of choice these days is Weble. And get a 2% match on all of your money that you transfer over. And finally sign up for automated investing with acorns. Typically the sign up bonus is only five bucks but with my link you get twenty dollars. Ladies and gents. You get money, I get money. Enjoy. Links are in the description below. Ungrateful. If it's like a 90 minute car ride.

[B]

No, but it's like awesome. At least I'm not walking.

[A]

Okay. Yeah, I don't think I would suggest you walking. Do you have a security?

[B]

Security guards? Yeah.

[A]

Did my guy frisk you? Did he touch you and all that stuff?

[B]

No.

[A]

Give you the little touches? He didn't. What am I gonna do in here?

[B]

Come like rob you?

[A]

Blast me. I don't know. You're mad. I don't know what's happening.

[B]

That's true, bro. You should not trust people that do.

[A]

No.

[B]

Super, super. That's like a sketchy, sketchy group.

[A]

$200 to that hotel. $3,000 to that hotel. UberEats101. UberEats$33. Uber Eats41. Uber Eats$36. What are you Uber eating? Because this is multiple times a day. What are you Uber eating?

[B]

Oh, like, if you need, like, say, toenail clippers. Uber eats 41 bucks. And then we, like, say we're traveling and, like, we need a monitor. Uber eats it, bro. I don't know, but you have to understand, I have no idea.

[A]

Bowser Hotel. You're obsessed. We can spend another 1500 there. We can air 5000, basically. Hotel Bel Air. Almost 5000 bucks.

[B]

Whoa. That was five racks.

[A]

Almost. Whoa. What? At least look into things before you do it.

[B]

But it is a kind of baller feeling if we show up. Swipe. Don't even look at it. That was a scam. 5 racks for hotel Bel Air.

[A]

Okay. And you freaked out about the water bottle you purchased. Yeah. $35 Airbnb. Uber Eats $93. Uber Eats $41. Uber Eats $41. Again. Uber Eats $78. Uber Eats $92. Hotel Bel Air, $70. Uber Eats 36. Uber Eats 99. Uber Eats 18. Uber Eats 106. Uber Eats 109. Airbnb 682. Uber Eats 76. Uber Eats 58. Uber Eats 102. Uber Eats 35. Door dashing. Best Buy, $1,105.

[B]

That's for a new monitor, bro. It's crazy. The OLED. You ever had that? That? Yeah, bro. It's awesome, bro. I live in. She's like, 30 minutes to go get it.

[A]

Exactly. Don't live. Bought a house, and we didn't know

[B]

we were doing it, bro. You know, it's so easy to leave that location. It's so easy to. Not easy. It's so hard to buy a house. Like, I can't just be like, oh, okay, let me go buy a new house. We're locked.

[A]

Kind of. If you actually followed any of the. That we talk about. If you sent money aside. Yeah. You would have bought a house. A nice house that's, like, with the view of downtown in cash.

[B]

Oh, yeah. It's not about having the money. It's about. Well, that's part of it, but it's about, like, doing it. Adulting is not easy, bro.

[A]

It's relatively easy. What's. What's Hard. Specifically about.

[B]

I don't know what is easy about it. What. What parts do you find to be Were?

[A]

Like, most people are in a cycle. You go to. You go to work, you make your money, come home, make your food, go to, bro.

[B]

But then it's like, now I got to, you know, sign, like, figure out how to get a mortgage and also figure out, you know what? I know the first crib I bought in Miami. Didn't know you had to pay utilities. I thought it was just, like, on. And so we didn't go there for a couple months. Mold everywhere in the house. In my brand new crib, it cost 30, 000 to get the mold out. The pool had to be redone.

[A]

Why don't you have people. Why don't you talk to your parents about anything?

[B]

My parents would have told me, but they. I didn't ask them because it's, like, fun to figure out life with your friends. And none of my friends knew you had to get utilities. So now it's like, all right, now we know.

[A]

You surround yourself with.

[B]

We're all. But that's the life, bro. I surround myself with people that I love, and I don't. I don't care about how smart they are, you know, because who am I

[A]

to say I'm not that smart, huh? Paradise. Is that what this is? Paradise? I'm saying that right? Paradise is it. All right, you spent 28 bucks there, 5 bucks there. Uber vending machine. It's not that crazy, but UberEats again. Apple Pay. Apple pay. Apple pay. Apple pay. Farmland's Kitchen. Geoguessr. You're paying for geoguessr? I guess. Are you doing it on stream? I don't know.

[B]

No, I've not played that game in, like, four years.

[A]

Oh, my.

[B]

$5 a month, bro. It's. What?

[A]

You haven't played it in four years? Uber Eats. Uber Eats. Uber Eats. $5 to change that kid's life. He's poor, gifted subs, bro.

[B]

Money's not gonna change his life. His brain's gonna change his life. I'm not in charge of giving him. Well, I am literally in charge of that. But if I gave him, like, too much money before the brain, then the brain never going to get to here. And once he's on Mars, he don't need no money. That makes sense. I don't want to hear no rebuttal. You understood what I was talking about, and you can't deny it.

[A]

Are you trying to say if he doesn't learn the right behavior before he gets a Lot of the money is he's going to throw it all away.

[B]

No, he's not going to be able to earn. He's not going to be hungry to be goaded.

[A]

I didn't say make him rich. I said make sure he can take care of himself. Uber eats. Uber eats. Farmland's kitchen.

[B]

How are you going to take care of yourself if you don't know how to do anything? Like if you don't like.

[A]

So the only way for Edward to know how to do anything is be around togi. No one else outside of living life

[B]

and going out and experiencing things which

[A]

he can do and still make a living.

[B]

Yeah. Yeah. But if you're. Dude, if you're underperforming at your job, that's a thing that you should fire him making. No, because I like Edward as a friend, so I wouldn't want to fire him.

[A]

Why do you suck at your job? We'll talk in the post show.

[B]

No, I'll do the average.

[A]

You're gonna chick fil a supreme massage. Post show is gonna be lit an expensive massage. 114, bro.

[B]

They were gonna jack me off. They didn't. It's the worst. Is that place next to the purple fitness place.

[A]

He didn't jerk you off for 114?

[B]

No, I tip whether they jerk me off or not because they still worked hard.

[A]

Okay. Brandon said he has a spot. It's off I35. He'll tell you afterwards. Uber eats. Uber eats. Uber eats. Chipotle. At least you went there. Proud of you big moves. Uber eats. Uber eats. Pure wash. That's fine. I don't know why you're going to a standard car wash for your expensive ass cars.

[B]

Oh my God. We took two of the Lamborghinis there. It was they them up?

[A]

Yes. What?

[B]

We were in a rush. We had to do a photo shoot.

[A]

I don't wanna tell you to spend money, but get a detailer on call.

[B]

No, we do have a detailer, but it was. I needed it. 30 minutes.

[A]

Okay, you paid ChatGPT UberEats. There's Uchiko. You spent 1300. Uchiko.

[B]

I tip usually 100% Caven.

[A]

Still, that's a decent amount of Uchiko. Uchiko's expensive, but it's not like. How many people are you bringing for 750.

[B]

I remember that one. I. I was with one person and we said, can I have everything on the menu except for a few things?

[A]

You just got really Asian there for a second.

[B]

Oh, the way in my mannerisms.

[A]

No, everything on the menu.

[B]

Everything. All Right. All right. Strike that from the record. Everything on the menu.

[A]

Okay. And then Nobu right after that for 1700. Okay. You're a sushi guy.

[B]

Yeah.

[A]

Appreciate that. Sushi. It's, like, my favorite, too. I get it. Popeyes. What is this? Pierates again? I don't know what that is. Uber Eats. Go Puffing. Uber Eats. Nordstrom, Christian Dior. 2,000 bucks.

[B]

That's this hoodie. And check it out.

[A]

That is $2,000.

[B]

I didn't like it at first, so I decided to give it to a viewer, but then I decided I loved it, so I had to send the viewer $2,000 because I said I was going to give him it. But either way, bro, you don't understand

[A]

how I don't understand. I really don't. $2,000.

[B]

And look at the back.

[A]

I can't get there.

[B]

The people. No, no, it was good. And. Well, really what happened is I didn't love it, but I went to Dior and I made the guy that was working there. I made him, like, let me try on, like, 10 things because I was really trying to like something. Hated it all, but I felt bad for him. Some asshole comes into your store, he's like, oh, let me try on all this. And then they leave. So I had to buy it.

[A]

Okay, I'll lay. Colonial, 630, Nobu, Atlanta. Another 718, 1400. Zanga Corporation Games. Zanga's gaming.

[B]

I don't know. Oh. Oh, yeah. We spent 7,000 on a new suit.

[A]

Oh, you're good for something. Uber Eats. UberEats. UberEats. Airbnb. $15,000. Come on, dude. Dude, are you hearing that? Airbnb. 15,000 hours. I've never seen anything like that in my Life. What is 15,000 hours? Airbnb.

[B]

You're gonna like this one. Dude, I spent $10,000 on a haircut on that one.

[A]

Oh, for sake. Yeah. We didn't even highlight that. Okay, how. How. How the. How the.

[B]

Dude, this is just awesome, bro. It's just like, the guy. The guy was a drug dealer and he's got my hair. I'm talking about the game show I put on. And he was like. I was like, I'm bailing out convicts. They're gonna compete in the game show, try and win 100,000. He's like, oh, dude, like, next time you do that, you should, like, invite me. Like, I'm about to go to jail. I was like, for what? And he's like, fucking weed. And I was like, dude, how do you go to jail for Weed. And he's like, I don't know. My lawyer says I have to. And I was like, you should get a new lawyer. And he's like, I can't afford it. I was like, all right, I'll give you 10,000. Try and get a new lawyer. If not, at the very least, you have $10,000.

[A]

Okay. Okay. That's nice. It's like the first thing you did that's like actually like. That feels like genuine. Everything else is like Uber eats.

[B]

That's a dude.

[A]

That's all. It's all mine.

[B]

Are these like my friends?

[A]

Yes. No, they're yours. Yours ends the next page. Okay, but either way, 15,000 Airbnb, dude. Yeah, come on.

[B]

That was not even worth it too. That's place wreaked. But either way, bro, you know what? I like to go on nice trips with my friends.

[A]

Cafe Sushi, Ramen Cafe.

[B]

This seems like pretty normal, bro. What else is money good for?

[A]

Okay, well then you've never lived a normal life. People can't do this.

[B]

No, no, what I'm saying is, if you had this money, what else would you spend it on?

[A]

Well, I would make sure again, you're prepared for something. But yeah, you can spend it on. Don't get me wrong, but 15,000 on an Airbnb is crazy. When you don't have an emergency fund. Just at least get something basic set up and then blow your mind.

[B]

Emergency fund?

[A]

You don't. It's in crypto, dude. That's not emergency fund. They can go to zero overnight.

[B]

Yeah, but. Or I could 10x and then I have so much emergency.

[A]

Or it can, bro.

[B]

Or if Dan or butts about it, bro, who that I'm not living to think about how much could go wrong when it all could go right.

[A]

And it's not about that. It's just about get an emergency fund.

[B]

That's it. I have one.

[A]

That's what I'm establishing, an emergency fund. Okay, emergency funds aren't crypto.

[B]

How big emergency we talking about?

[A]

What's your mortgage?

[B]

Whoa. I have 800 down two and a half million dollar house.

[A]

No, no, your monthly payments.

[B]

Oh, I don't know.

[A]

You know, you don't have a gas.

[B]

I didn't even tell you this. I still have to pay the mortgage on my house that I lost, so that's like 13,000amonth. Next 30 years, whatever. And the mortgage that I live in.

[A]

Should we coin flip over your current house?

[B]

No, that seems like a bad idea.

[A]

So you're a pussy. You've lost it dude, you were just

[B]

making fun of me for it. Dude, I think that's a bad idea.

[A]

Sure. You're not going to do bad ideas anymore.

[B]

No, no, no. But all right. I was on this podcast and the guy was like, you got save more money? And I was like, okay, maybe I'll save a little bit more. So I'm trying to save more now.

[A]

I give away my house and also, I would never live. So I like, bro, no, you don't. Airbnb. $34,000. This is from the next guy. That's from someone else. Yeah.

[B]

Who is this?

[A]

I'm going to leave this.

[B]

Oh, that was my dad. It was in your dad.

[A]

34,000?

[B]

Yeah. He asked if he could do that beforehand. I remember now.

[A]

Well, you'll say yes to anything.

[B]

Well, my parents do whatever they want,

[A]

so you won't ever say no to anything.

[B]

Not to my parents.

[A]

34,000. What did they possibly need?

[B]

They were on vacation. And so what happened is they were like trying to go vacation at my crib in Miami and they're like, can we stay there? So, yeah, of course. And then I gambled it away and they're like, we still want to go on vacation. I was like, okay, how about this? You. I actually picked out the Airbnb for them. They would have picked a shitty one. I said, you should go here, let me know if you want a bit of book it. And they're like, are you sure?

[A]

How long did they stay there for $34,000?

[B]

Three weeks. It was a good stay.

[A]

Dude, they're retired.

[B]

They got to like enjoy life.

[A]

So your dad, the retired dad is uber eating. Uber eating. Uber eating. Uber eating. Uber eating. Yo yo for $419 a Yo yo,

[B]

this surely this isn't my dad's account. This must be.

[A]

I'll leave it.

[B]

Yeah, yeah.

[A]

Who's that?

[B]

The girlfriend.

[A]

The girlfriend, she's uber eating. Okay. Yeah, okay. Uber eating. Uber eating. Uber eating. Uber eating. Amazon. She Airbnb for $1300 airlines. Does she live with you?

[B]

Yeah.

[A]

Okay. It's going well.

[B]

It's going as well as 23 year old relationship would go. It's like, I'm not getting married.

[A]

People used to get married at 18. What the is that? That doesn't mean anything.

[B]

Yeah, you're right. That wasn't a good way to put it. But we're not getting married, so it's like, it's going well. But she's okay with that? Yeah, she's not stoked on it, but

[A]

it's like, dude, yeah, Amazon Uber eats. Uber Eats. UberEats. Uber Eats. Amazon chick Fil a. Uber eats. Uber eats. She's uber eating two times a day while you're uber eating two times a day while your dad is uber eating two times a day. Well, someone else is uber eating. You're doing about a dozen UberEats a day across all accounts.

[B]

Dude, that cannot. If we did a net Uber eats. Say I spent 50000 on UberEats a month. It's like. That is money well spent.

[A]

Money well spent. 50,000 are new breeds you don't want to give to a charity. You did one genuine thing to the barber. It was beautiful.

[B]

Oh yeah, yeah. We're. We have to. But you know, we give a lot of money to charity so we get to enjoy our Life.

[A]

It was 20,000 on UberEats.

[B]

Oh, that's a lot. But yeah, yeah, whatever we give.

[A]

That's a lot.

[B]

We give away that would change someone's life. Much more than 20,000amonth of fans and charity.

[A]

Well, okay, where is that? I don't see it. I see travel of 147,000.

[B]

Last month we did. We gave away three Rolexes to fans, which is so physical jeweler. Then we gave away $10,000 so that I don't know how that wire has been. And then we had to save the charity money because we gave away 90,000 in the game show. But next month we have $295,000 budget to spend on either. You guys will see this video because

[A]

I make money this month with that video. You're going to not even break even.

[B]

Yeah, yeah. But dude, I'll find a way. I will find a way.

[A]

Doesn't make sense.

[B]

I don't give away. Okay, either way, the point is we have 295,000 getting going to. We would like to build a school. Might be me. It might be you. I don't know.

[A]

Huh. That's not me. Literally just start making sure.

[B]

Either way, the point is that I don't need to like super have it mapped out. Like if I need to sell a car to get it done, we will. But I don't think I like, I feel like I might win gambling at some point soon or something. Well, I could. I offered to not. I don't need. I only need to win 300,000 for charity.

[A]

Okay, good. Give me your house or I'll do 300,000.

[B]

But that's a horrible. Okay, no. Next next topic.

[A]

Fine, 500.

[B]

No.

[A]

How much you need?

[B]

Dude, I'm not coin flipping the house for it's a two and a half million dollar house.

[A]

Okay. 2.5.

[B]

I don't know if you're serious about this. I feel like you're just saying that, but I don't. I don't know if you would actually flip me two and a half million.

[A]

No, I couldn't.

[B]

Why not? I feel like you have a lot of money.

[A]

I do. Okay. But two and a half would actually be devastating.

[B]

Okay, well then on to the next.

[A]

So probably not as much as you think, but. Chick fil a Uber. Because I haven't been doing this that long. Chick Fil A. Uber eats. Uber eats. Amazon. Uber eats. Amazon. Amazon. This is the girlfriend, by the way. UberEats. And she's not a fat fuck.

[B]

No, she's actually famous for being jacked and a model.

[A]

Okay. I guess she's just getting protein bowls every second of her.

[B]

I don't know how she. What the fuck she's doing with the Amazon.

[A]

Ubereats. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon.

[B]

Yeah, she likes Amazon.

[A]

Tao Reed. Popo. Twelve hundred dollars. Taurid Popo.

[B]

That sounds like a restaurant.

[A]

Uber eats. JD Sports. Uber eats. Uber eats. Uber eats. Uber eats. Uber eats. Nobu Hotel. 500 bucks there. Nobu Hotel. Uber eats. Uber eats. Uber eats. Uber eats. Who's this next person? Who's that?

[B]

Oh yeah, this is Germalard Manager.

[A]

This is Gerd. Okay, your money manager is about to get reamed. Yeah. 3150 on flights, plus another 544 on flights. Uber eats.

[B]

That's like booking shit for me because he takes care of all that.

[A]

Uber eats. Uber eats. Is that for you? I don't think so. Delta742 also, you got your. You, you got flights. You got flights on your own section. Why does he need to get additional flights?

[B]

Flights.464. When I did the game show, I flew everyone out first class that participated.

[A]

Flights.464. Soku. $576. Soku. $5,100. Money manager.

[B]

I don't even know what that is, but okay. I feel like you are looking through this like you give it like. So cool.

[A]

Are you sure? 2,000 hours. This is your money manager spending $7,000?

[B]

Yeah, that was. Well, that was a dinner we did in LA was 14,000 total for the chef to come to the crib and make his food. But either way, I told him to do that. Either way, if he did it on his own, I don't give a shit. You can do whatever he wants. But you look at me like Shoku, right? Yeah.

[A]

It's chill, dude.

[B]

What's the big deal? It was an awesome dinner. It was fun. Do you like hate crazy new experiences? Would I spend on a thousand dollar again Dinner again?

[A]

Like, yes, you will.

[B]

Yeah. And it's like, sure, why not? It's chill. Like I am not financially devastated by that. And it was a lot of fun and I like. It was like a lot of. I had my lawyer there and I wanted to treat him well because he's the best and whatever. So I have to get you out

[A]

of jail all the time?

[B]

No, but if I went to jail, then he would be the one. Yeah, but I don't think that you go to jail for that in this day and age.

[A]

Yeah. Ma. Yeah.

[B]

This prescription.

[A]

Prescription.

[B]

They have that case?

[A]

Yeah.

[B]

Amphetamine. It's. It's very hard to get the prescription.

[A]

Ubereats. Airlines. Airlines. Airlines. Airlines. Airlines. Airlines. Airlines. Amazon Amazon Tempest 2,800 on Tempest. Whatever that is. Airlines. Amazon exotic finish detail. 480. Uber. Amazon Uber, Uber, Uber. Uchiko Again flights. Morningstar Pools. You have a pool cleaning. Maybe that's what that is. Lowe's and Vanto Kanji Lovesac. You got some couches. 1200 bucks.

[B]

Damn, those were not worth it.

[A]

Well,

[B]

airline bag.

[A]

Airline Nobu Atlanta. $21,000.

[B]

Bro, why are you.

[A]

It's because it's adding up. Because it's like every four days.

[B]

But we know that it was final. Like 300 racks or something. Bro, I like to treat people. Listen, the. For example, the Trent twins came out to do my game show video. You know the giga viral one.

[A]

Island Boys.

[B]

Giga viral Trend twins. Awesome. They flew all the way Atlanta just to be on my game show.

[A]

The ones that.

[B]

No, no, the muscular ones.

[A]

Okay?

[B]

Not the Island Boys. Trench ones. Either way. The point is they went out of their way to go help me with something. Of course you're staying in to Nobu. They said. They told me that a bunch of people when they go out for a collab, they make them share a bed because they assume they're twins. You gotta share a bed and it's like, bro, grown ass.

[A]

Treat them without this. You can treat him for like 5,000.

[B]

No, no, no. It was for everybody. Steiny, Bob, Mannery. Everyone that came out stays in Nobu. Because, bro, they're doing me a favor. The least I can do is put him in Nobu. If I have the money, I don't need to. What I needed to say five million.

[A]

Yeah. Delta.

[B]

Delta. By the time I Have kids. So I got 10 years to save 5 million.

[A]

Or. I mean, do you guys. Do you raw me?

[B]

Yeah, with her is whatchamacallit. IUD.

[A]

Okay, IUD. Guess what? We just had someone on the show. IUD. Baby popped out. It can happen.

[B]

But what's the point with that? Oh, then I have a child.

[A]

No, not in 10 years.

[B]

Yeah, but then it's like what. What did we say, 50,000 a year? How about. How about this? How would I just don't do one Airbnb this month. I won't do one Airbnb if I get to go pregnant. And then we'll set that.

[A]

It'll go somewhere else. But Uber eats Summer Moon. Bail bonds. Bail bonds. Bail bonds. Bail bonds.

[B]

Bail bonds.

[A]

What the.

[B]

Is this because the game show.

[A]

It was the game show.

[B]

The game show we just filmed.

[A]

Bail bonds.

[B]

We had to bail out people from prison.

[A]

Dangerous people, petty crimes. Oh, thank.

[B]

No murder. No, I mean they were pretty people like aggravated assault, armed robbery, battery.

[A]

Wow, I'm glad they're back on the street. That's what this country needs.

[B]

Well, bro, they weren't convicted yet. They were just in one of the worst jails in the world because they were black. I won't stand for that.

[A]

Okay?

[B]

Me and the black community are like this, bro.

[A]

It's not about being black. Every place that just lets people on the streets with no cash bail are the most dangerous places right now.

[B]

Oh, really?

[A]

You just incentivize that? Yes.

[B]

Dude, you know what it's like May. I thought they were good people, you know. Glad you sure he armed rob.

[A]

I wish the jury could have decided.

[B]

Not very. I think everyone deserves at least you know when it. Why is it guilty until the innocent?

[A]

It's not. But they're off for risk. For risk.

[B]

They're off every single day in that jail somebody who's getting stabbed bad. So, bro, you gotta understand that it's. Bro, they're not bad people. And they're not been proven to be bad people. So I'm gonna give them the benefit of the doubt. And if you did armed robber somebody bro, I think you deserve a second chance.

[A]

You just want eventually serve your time.

[B]

Yeah, yeah, exactly.

[A]

Okay, but.

[B]

But lots of airlines animals, bro. They're people. No rested.

[A]

No, it is not.

[B]

They gotta be in the jail because they're gonna commit more crimes. That's what they. People watching that. That's what I got from that.

[A]

That is a bad take. That is a take.

[B]

That's what you just said.

[A]

It's because you're trying to moral masturbate it. Every single time a policy like that has been enacted in a city, crime goes up. Repeat offenders that are released cat immediately released. It's catch and release. It never works. It's been proven. I I they had to revert that in San Francisco because people were getting hurt.

[B]

No idea what you're talking about right now.

[A]

Why do you try to moralize it like a high horse moral?

[B]

Well, you have to have a some consciousness to every decision and should one I I least I was thinking before I made a decision. Just because you think you have this

[A]

or did you want to make content?

[B]

You just described them, obviously. What are you talking about? They're on a game show. I held them at gunpoint to put on the game show.

[A]

So don't try to moralize it.

[B]

What are you talking about? I think they're still I'm bro. I wanted them on the game show, but I still wanted them to like I can Then why aren't you doing

[A]

that instead of 20,000 hours a month in Ubereats, Why aren't you bailing out people all around?

[B]

I have to give away money to like kids in Africa. And that's where we're trying to build a school. It's actually South America.

[A]

You're doing one of the school things. Why is every youtuber trying to do a school? No one's able to do a school.

[B]

Yeah, the school is too hard. We're actually doing that. That's an umbrella term. We're doing 300000 for the school. Whatever. We have to sprinkle it around. Right? We did this for the convicts, then we're doing this for the kids. Whatever moral masturbation or not content I have, I don't think they're bad people. You said catch and release, bro. Yes, that's what it's called, dude.

[A]

No, it's not about animals. It's about anytime that has been enacted

[B]

you think you're right.

[A]

Doesn't make the statistics are right.

[B]

My opinion on it. There's a flow of logic that someone

[A]

on the planet it's moralizing.

[B]

Okay, sure, whatever. That's my flow of logic. It led to the moralization of these people. I feel like everyone's done stuff that would land them in jail. For example. I've had tons of me before. Why didn't I go to jail? Maybe because I got lucky, bro. And I don't think I'm a bad person. Maybe I should, I don't think I don't personally think I should go to jail?

[A]

No, I'm not saying that either. But there is a reason why we don't arrest someone for a crime and immediately make sure they're out on the street.

[B]

What do you want me to say? Okay, you're right. I shouldn't have bailed them out.

[A]

No, but when you moralized it saying that it's like bad to not catch and release people.

[B]

Oh, well, no, no, no. I'm saying that's not. I'm saying I empathize with these specific people.

[A]

Empathize with them. I also empathize with the people that the crime was committed against. Especially violent crime. Delta 496. Plaster. Yeah, I mean airlines galore with this.

[B]

Yeah, they'll just keep going through this adds up.

[A]

Cleaning. Yeah, you should probably clean that. Place is your guys place is nice. And clean your house.

[B]

I don't know.

[A]

It's clean enough. Okay, well, you got cleaners. You're paying a lot for it. Okay, 56,000 hours owed on your Aston Martin. That's the only car that has debt on it.

[B]

That's a huracan.

[A]

Yeah, okay. Do you know the interest rate? No. If you called Gerd, would he be able to tell you?

[B]

No, because he didn't get that loan. There's almost a zero percent chance we could find out the intraday level. Unless it tells me on the app.

[A]

It would tell you on the app. Oh, here, I'm sure I could click around. Do you even know your monthly payment?

[B]

3,000 maybe.

[A]

Hey, your business checking account is 50,000. Yours has 4,000. You have 100,000 hours in CDs.

[B]

Yeah, they made me do that because I.

[A]

Well, it's a shitty return on investment, but it's harder for you to touch. So that actually might be a good thing.

[B]

That's every three months that I can touch it. The interest every month is 900, it looks like. Well, actually, I don't know how this works.

[A]

When did you get this loan?

[B]

Maybe like year ago.

[A]

Okay, 900 of interest accrued last month.

[B]

Oh, but some months are zero. I don't. I don't understand how this would work. Oh, because it's. I pay ahead. Whatever. I don't know what the interest rate is, but yeah, maybe I got it 10 months ago.

[A]

Dude. I think it's like an 18 interest rate. Potentially. That's horrendous. Just pay this off.

[B]

That's horrendous.

[A]

It's really bad.

[B]

I heard it's good for my credit debate.

[A]

Maybe. Why do you care about your credit though? You already have A house. What are you trying to utilize credit for?

[B]

I don't know.

[A]

Pay it off. You're using credit cards already. That's good enough for credit. If it's an 18 interest rate, you're just losing money. If it was 4, it would be a different conversation. That's what I think it is. I didn't say.

[B]

Here's the thing. It's like, this is my thought process about it. I don't have to like, dude, two, $3,000 a month. What's that one dinner. So just like, put that towards the car or whatever. They got to worry about it.

[A]

Why not just pay it off? What is the actual.

[B]

Well, because I guess the answer would be. I've never thought, like, okay, let's pay this off. It's just like, whatever.

[A]

Okay. Okay. So, I mean, cash flow. Yeah. Your average quarterly in was 18.85, but your average quarterly net cash flow because of expenses is about 6,800.

[B]

Yeah.

[A]

And listen, I have 169,000 hours of Pepe. What's it at now?

[B]

Oh, we invested more into it. How much? But it's down. Here, I'll show you the account.

[A]

It's emergency fund here.

[B]

It's 310. 310,000.

[A]

Okay.

[B]

But it's down whatever. You know, it's not important because it should go to the moon eventually. Maybe this podcast will send us to the moon. Pepe go by Pepe. He told Financial advice from the Caleb Hammer.

[A]

Okay, okay, so I think that's. Is that everything? Is there more? I don't have your mortgage.

[B]

Oh, I don't have my mortgage either. Who the knows how that worked and you can't tell me Adulting is easy, bro. It doesn't make any sense. Is so. I don't understand how anybody gets anything

[A]

done, because a realtor would tell you if you just talk to one. Like, if you just did that. Okay, Here. Type in your current address how much

[B]

this thing is worth market value. Oh, dude, we are getting smoked right now. How much did we pay for that?

[A]

This is not a good market right now.

[B]

Oh, really?

[A]

It's okay. You might. Well, how much did you pay on this?

[B]

I thought it was 2.4, but maybe I was wrong because we got appraised. We paid 100 less than appraisal.

[A]

Oh, yeah, well, appraisals.

[B]

Yeah. I don't know. Oh.

[A]

Not only are you in that neighborhood, you're far down.

[B]

Oh, my.

[A]

Takes a just to get out of that neighborhood. Dude.

[B]

I'm such a beautiful drive.

[A]

Horrible place to live, dude.

[B]

Bro, I feel like. I never once been like, holy, this is a mistake, bro. But okay, okay. Next time I'll consider that.

[A]

Listen, oddly enough, in the end, this is all simple. Your mortgage is probably fine. He's making your payment. The car, I would pay it off. Okay, I'd pay it off. But even if you don't, I'm not killing myself. I have two things I want you to do. Two things I want you to do. This isn't a budget thing, because you don't have a normal budget. It's not making a budget. Okay, fine.

[B]

Cause I did actually come here to learn about this.

[A]

No, I got you.

[B]

I think this is gonna be a big takeaway moment for me, unless it's ridiculousness. But I think you understand where I'm at enough so it will be a digestible solution.

[A]

Unfortunately, I'm just putting down two numbers and you're almost there. Okay. I want you before the end of the year to save up $6 million. As close as you can. And do not touch it. Your CD is 100,000 hours on the way to it. You got 300 in Pepe. I just want this. And this is what you're going to do. You are going to get with. They're actually YouTubers, but they're financial advisors. They manage my money with their abound wealth. They're very good, very trustworthy, very good people. Legitimately good people. Call the money guy. Not a sponsor, but they're gonna do this for you. But you're gonna give them $6 million throughout this year. They will manage your investments and they will manage your emergency fund. So you can't touch it. So you can't touch it. That will grow. So you have something to realign.

[B]

When do I get to touch it?

[A]

It. You can get to touch it. If everything goes to zero, you can touch it.

[B]

None ever go to zero.

[A]

Well, then you never need to touch it.

[B]

Then I'm just pissing.

[A]

Okay, you're not pissing it away. It's gaining 10 a year for the rest of your life.

[B]

But it's gaining all. If I can't touch it. If I die with $70 billion, then the just happened there.

[A]

No, no, don't get me wrong. I mean, touching around like 40 or 50 or something, and they can help you do a safe withdrawal rate. But that's what I want you to do. I'm gonna literally email you. My guy. I'm gonna put us on an email together, like legitimate, you know, whatever. He's really good. His name's Carter. He's like the top dog there. And the goal is to get you $6 million by the end of the year, which you can do. That is not complicated. $6 million for you. It's just a little management in different places. Have Gerd, Gerd Mallard, have him put that money aside, make sure there's. Okay, we have.

[B]

Oh, yeah. Well, I'm trying to understand where it comes from.

[A]

Oh, yeah. Let's call it nine months left. Okay. And we're just trying to do $6 million in nine months. It's a lot. $666,000 a month. Okay, maybe it's a two year process. It's a two year process you're gonna do.

[B]

I'm trying to understand.

[A]

Yeah.

[B]

I feel as if, personally it would be more worthwhile to, since I'm so young, put the gas on a pedal and invest into my brands, like my supplement brand or my clothing brand. Wouldn't it be a better return to go all in on that than capping myself to 10 at such a young age?

[A]

I can't say it's a better return because we don't know what the return is going to be. And that 10 is average. It's 10 to 12. You'll get 31 year. Lose one another year. Okay, listen.

[B]

No, no, this feels like a lot is all I'm saying.

[A]

Like it is, it is. So here's what I say. Let's come to a compromise. 300,000 hours a month for the next two years. And that'll get you there. At least you set up for success because you might change your mind.

[B]

Would I get there if I did? 200,000amonth for two years.

[A]

200,000 hours a month for two and a half years, maybe.

[B]

Oh, okay. So assuming I, I, we've talked about this. I think I'm, you know, going to the moon, whatever. Yeah. Let's just say, let's just assume for. I would like to. I'm confident for the next four years I will be able to make, I will be able to invest into this. If I did 200,000amonth for four years, I would be totally giga good. Yeah, I can do that.

[A]

Okay. So here's how I would try to do this. So let's say an average of a million comes in a month, right?

[B]

Okay.

[A]

Yes.

[B]

I gamble way too much. It's like literally minimum. I would never make less than at this point in my life. 800,000.

[A]

$800,000 comes in a month. Love it. Times 0.7. Because you're setting 30% aside. For taxes. Have you paid your taxes?

[B]

No, Amanda's doing them, but.

[A]

Okay, you pay your taxes. Good. So you actually have $560,000 left a month. Yeah. But then your business expenses. So actually. No, no. Your cost. Okay. No, no, no. We start with 800. I'm going to say spend 400,000 hours a month on business wherever you want, reinvesting new YouTube videos, whatever. So that's $400,000 a month profit times 0.7. Because you're setting 30% aside, you have an extra $280,000 just for even two years. Have fun outside of content with $80,000 a month. Yeah. All right, well, I have fun in content for 400.

[B]

Okay.

[A]

400 you can spend a month.

[B]

Yeah, yeah. Okay, I see. I see.

[A]

I have fun in content in business. I mean, clearly you were able to do it. You were able to put a lot of money into that crypto right there. So you're able to put money in it.

[B]

Yeah, yeah, yeah. That was. Yeah.

[A]

Okay, so here 800,000 comes in. This is how we're going to try to structure it. And GERD is going to try to structure it like this. And then you are going to meet with my guide and they're going to set you up for success. 800,000 comes in minimum. You spend $400,000 on business, content, reinvestment. Very good. Then you got $280,000 after taxes left because that is business expenses. You don't have to count that against your taxes.

[B]

Oh, okay. This is next level, bro.

[A]

Barely. This is five numbers. $80,000 is spent on life.

[B]

That's. That's pretty good.

[A]

That's good. 200,000 hours goes to the wealth advisors to make sure.

[B]

Okay. And then so say we do 800 minimum. If I make more, say I do a million and a half a month, blow the rest. Oh, this is a night. This is dope. I actually can get behind this. That was a well put together. Let me see that.

[A]

Okay.

[B]

I'm just trying to.

[A]

Whatever gets you there.

[B]

This actually is making an incredible amount of sense when you put it like this. 400,000 on content and 80 racks to. So 500,000 just to, like, chill out.

[A]

But you can't spend a million on content like you did last month.

[B]

Well, yeah, but I. That's not the goal to spend that much every month. But I wanted to try something new and if it turns out to be good, then maybe the content budget is just gonna have to go higher in the pursuit of bigger career, whatever. Or we find ways to make it cheaper. But the point is that's not consistent.

[A]

I'll say this. 400,000 hours on content. If it costs 500, it needs to bring in an extra 100,000 thousand than I did before.

[B]

Yeah.

[A]

So equate it to that.

[B]

I think that's going to be the only disconnect we have here. Because I'm okay just like you, chucking a risk.

[A]

But not with this. I need you after taxes to have an extra 280amonth. Anything can happen before then.

[B]

If we do this most of the time it's chill. Like if I hit this eight months, I'll be stoked.

[A]

Okay.

[B]

Because that's still good money, bro.

[A]

It's a start. It's a start.

[B]

Bro. I don't know what the fuck kind of caviar my kid's gonna be eating, but bro, not that is expensive. 200 racks a month.

[A]

Yeah. No, no, no. It is. But for your position, unfortunately it's not.

[B]

Yeah, yeah, yeah.

[A]

Okay.

[B]

Okay. This is very well put together. I think I'm going. I am going to try and do this because that's dope. Okay.

[A]

Will you meet with my guys?

[B]

I'll meet with your guys. But here's an interesting.

[A]

Not for content, for real life.

[B]

For content. But also this is not for content. My mom wants to invest my money because she thinks it's fun. No, but she's bored and retired. Just. Okay, we gotta throw her. We gotta throw a hundred thousand.

[A]

Make an extra 50 and give it to her.

[B]

But you need 200. The winning money will go to my motor to invest. This guy will go to the place.

[A]

Anything extra you make, you do whatever with man you do.

[B]

Dude, I actually feel like hella smart right now. I think this is going. I'm the richest person ever.

[A]

Just make sure enough is put aside for the taxes. Taxes. Okay, dude, listen. Let's get your hammer financial score. Then we're gonna go to the post show and let your poor employee confront you.

[B]

Actually Edward. But get him up here, bro.

[A]

Yeah, I will. And have a pair of balls too. Just because he pays your bills and keeps a roof over your head.

[B]

I don't pay. I give him a thousand.

[A]

Is he allowed to speak out without consequences?

[B]

Dude, would he be afraid thing that he wants? And he wouldn't be afraid because he's own ass. Dude, it's not like fully grown. Dude. Just because his skin glows better than yours don't mean. Bro. That's what you want is you want the GHKCU to spend.

[A]

It just hasn't done any adult things but I get.

[B]

Yeah, yeah, yeah.

[A]

Okay. Spending in a budget. I mean listen, you didn't spend more than you made and someone to invest in it was Pepe. It's not great though. The money went to insane places. 4 out of 10 for that one. Your debt. Your debt's not that bad. I mean for your income it's obviously you got a mortgage, it's going to be a 7 out of 10 because it is a high interest rate card. But for your income income emergency fund. There is no emergency fund. 0 out of 10 retirement. Would you consider the Pepe, it's not how I would do it but for your income at your age is actually a really bad amount. 1 out of 10 real estate, it's probably mid at like a 5 out of 10 because I don't know what rate you have. You would assign to any rate and you probably are underwater currently. Listen Hammer Financial Score 5 or 3.5 out of 10. It'll be higher before you know it if you actually follow this. Get [e-mail] we're gonna go into the post show. His employees gonna confront him and who knows what else. We're gonna talk about an extra 20 minutes. Plus three premium shows posted every single day Monday through Saturday. Click join Hammer Elite. See you in the post show.

[B]

Okay. Do something small and fun. We could do like 10,000. That was your limit.

[A]

I'll do 10. $10,000 coin flip.

[B]

You have my word. I'll wire you today. Yeah, same ten thousand dollar coin flip it.

[A]

Hammer Elite is the best YouTube membership on the platform and I just upgraded it. Three exclusive dedicated shows every single day, Monday through Friday. Join with the link in the pin comment or description below. This is the best membership you'll ever join.

[B]

That's a promise.