From $1.2M Loss to Lifelong Lessons: Jeremy Newsome on Turning Failure into Profit

Summary

Podcast Summary: Problems to Profit
Episode: From $1.2M Loss to Lifelong Lessons: Jeremy Newsome on Turning Failure into Profit
Host: Preston Brown | Guest: Jeremy Newsome
Date: November 13, 2025

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Overview

This episode delivers a candid, deeply personal, and inspiring conversation between host Preston Brown and stock market educator/entrepreneur Jeremy Newsome. Together, they explore the journey from devastating business loss to personal and financial growth, tackling core lessons about money, mindset, identity, faith, and the mechanics of wealth-building. The show flows naturally from hard lessons and technical trading to profound insights about the psychology and spirituality of abundance.

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Key Discussion Points & Insights

1. Jeremy’s Origin Story & Early Money Lessons

• Forrest Gump Inspiration: At age 6, Jeremy is inspired by the film Forrest Gump to learn about investing when he hears about Lt. Dan investing in “some fruit company” (Apple).
• First Big Mistake: At age 12, after earning $1,500 by selling blackberries, he and his dad purchase Apple stock for $3,000—selling six years later for $12,000, not knowing if they’d held those shares they’d be worth $30 million today.
  • “That was my first $30 million mistake.” – Jeremy (09:27)
• Early Trading and Catastrophic Loss: By 21, Jeremy trades $400k of friends/family savings into $1.2M, then loses it all in a week betting on silver with call options.
  • “The silver bubble burst on my 21st birthday… I know exactly what rock bottom feels like. I should be a geologist.” – Jeremy (11:55, 12:27)

2. Recovering Through Accountability and Obsession

• Owning the Loss: Jeremy personally calls everyone he lost money for, pays them back with interest through a payment plan:
  • “That was such an amazing gift because… you either give up, pivot, or figure it out. And I decided: I’m going to figure this out.” – Jeremy (12:48, 13:53)
• The Path to Mastery: He devotes 17-hour days to learn trading, repays his debts, and later founds one of the largest stock market education companies in the world (sold in 2023).

3. Wealth as “Second Grade Math” and Consistency

• Math of Wealth: Reframes investing as a matter of consistent, repeatable math—buying shares and catching small market moves.
  • “Wealth is second grade math, repeated consistently.” – Jeremy (16:32)
  • Example: $3 move x 1,000 shares = $3,000. If repeated 200 times yearly = $600,000/yr.
• Trading Tactics: Describes stock trading/cash flow strategies using options: collars, covered calls, cash-secured puts—converting non-yielding assets into cash flow.
  • “Options are created by the smartest, wealthiest individuals to protect all their money—unlosable positions for a period of time.” – Jeremy (31:32)

4. The True Asset: Proximity and Investing in Relationships

• Room > Asset: The greatest investment is buying your way into rooms with significant people and ideas.
  • “The best asset you can ever buy is a ticket into the room.” – Jeremy (22:28)
• Real-Life Example: Jeremy credits Preston for making private jets seem rational and demystifying the economics of time/leverage.

5. Mindset Shifts & The Spiritual Game of Wealth

• Shares, Not Dollars: Jeremy now values accumulating “shares” rather than dollars, focusing on assets that grow exponentially (41:04).
• Victim to Victor: Changing one’s questions (not “why can’t I?” but “how can I?”) and beliefs about money is pivotal (33:18).
• On Getting Rich: “Getting rich is actually easy… It’s easier now than ever to get rich. There’s a reason the rich get richer… They just updated the equation, and you haven’t.” – Preston (36:18)
• Spiritual Layer: True spiritual abundance is about removing “what about me?” from your thought process and focusing on lifting others.
  • “If you can be happy regardless of circumstance, wealth or anything else, you are enlightened.” – Preston (42:29, 43:44)

6. Major Losses and the Gift of Failure

• Preston’s $5M Mistake: Preston details a business betrayal that cost him millions and deep relationships, but forced him to learn, detach, and ultimately solve the problem after finding peace.
  • “Problems are gifts and guides. As soon as I learned the lesson, I saw the answers. I solved the problem very quickly.” – Preston (55:49)
• Identity & Problems: Avoid letting your identity become entangled with your problems; instead, identify with the solution.
  • “You should get close to your problems, but never identify with your problems.” – Preston (60:13)

7. On Faith, Abundance, and Removing Money Taboos

• Jesus Was Rich: Jeremy shares profound research and arguments reframing Jesus as born into wealth, received immense gifts (likely hundreds of pounds of gold, frankincense, and myrrh)—challenging the narrative that poverty = virtue.
  • “What if, like Jesus, you were just born enough? And you didn’t have to do anything other than open up and receive?” – Jeremy (72:24)
• Abundance is Infinite: God, wealth, and opportunity are infinite—our scarcity is a mindset problem.
  • “I actually believe most people aren’t getting what they’re asking for because it wouldn’t truly sustain them; they’re asking for too little.” – Jeremy (81:52)

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Notable Quotes & Memorable Moments

• Preston on Jeremy’s authenticity:
  • “You are one of the few people in this world that has reframed my reality.” (03:25)
• Jeremy on the gift of failure:
  • “That loss was such an amazing gift, because you either give up…or figure it out. And I decided: I’m going to figure this out.” (13:53)
• Jeremy on identity and money:
  • “Stop wanting more dollars and start wanting more shares…that value will translate to more dollars exponentially. But most people want dollars. I want shares.” (41:04)
• Preston on the pain of loss and learning:
  • “What was avoidable was 70-90% of the pain. I was trying to follow the rules that nobody else was following…When I let the problem seep into my identity, the problem took longer to solve.” (57:10, 59:52)
• On being a ‘positive’ minority (top 1%):
  • “Everybody should be part of this minority…That’s the best type of minority to be.” – Preston (63:35)
• On Jesus and wealth:
  • “At that moment of birth, what if Jesus got treasure chests, hundreds of pounds of gold…born as a trust fund baby.” – Jeremy (72:24)
  • “The only reason [Herod] would take that risk [to kill all firstborns] is if he saw a threat that was bigger, like maybe a new king that was wealthier, more successful.” – Preston (75:10)
• Jeremy on miracles and abundance:
  • “He created wealth out of thin air. Numerous times…When you start stepping into faith versus fear, you really start asking for more.” (79:11)

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Timestamps for Important Segments

• Jeremy’s first big investment lesson: 07:54 – 09:57
• Losing $1.2M, hitting rock bottom: 11:46 – 12:27
• The grind to pay back losses and rebuild: 13:53 – 14:56
• Second grade math of wealth: 16:32 – 18:13
• Options trading for cash flow (collars, etc.): 30:06 – 31:56
• Trading and the importance of being in the room: 22:28 – 22:39
• Mindset—shares vs dollars, identifying with solutions: 41:04 – 42:29, 60:13
• Preston’s $5M loss, detaching identity from pain: 49:41 – 57:48
• Reframing the story of Jesus and abundance: 68:51 – 79:11
• Final philosophical wrap-up on faith, frequency, and giving: 82:20 – 85:25

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Tone & Style

• Candid, unfiltered, and direct: Both hosts use strong language, give “no bullshit” accounts of high-stakes loss, stress, and redemption.
• Warm, mentoring, humorous: Despite hard truths, the show is filled with expressions of friendship, real-life bonding, and running jokes.
• Spiritual and practical: Deep dives into faith, identity, abundance, and tactics, presented as two friends would discuss at dinner after the seminar.

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Where to Find Jeremy Newsome

• Podcast: Solving America’s Problems, Broke to Awoke ([87:58])
• Instagram/Twitter/YouTube: @jeremynewsome (blue check verified)
• Website: jeremynewsome.com

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Takeaways

• Mistakes are gifts when owned and learned from.
• True wealth is mastering simple math, consistent habits, and mindset.
• Surround yourself with greatness; proximity changes everything.
• Detach your identity from problems; embrace solutions.
• Abundance is a spiritual game, not just a financial game.
• Aim high: joining the “top 1%” is the best kind of ‘minority’ and it’s available to everyone willing to learn and serve.

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Recommended For: Anyone who needs both a tactical and philosophical reframe on money, success, failure, and what it means to truly “profit” in business and in life.

Transcript

[Jeremy Newsom]

I stopped wanting more dollars, and I started wanting more shares, shares of companies, because shares can grow and often do grow exponentially. And I will take as much dollars as I can and then go buy those shares with the dollars, which is.

[Preston Brown]

Going to grow exponential to solve the biggest problems. You know, if you want a life, the first thing we Americans do is I think we chase money. How do I gain money? Because that's what we're talking. Like, we're a capitalist country. Money equals success. Like, I remember when I was like, oh, Jeremy's 35. He's worth 30, $40 million, whatever. I might be underquoting it, but, like, I was like, Holy 35. At 35, I was still struggling, Right? Like, I mean, I'm loaded up now, but I'm also 43. It took me a little longer.

[Jeremy Newsom]

There's probably more than a little bag of gold. And gold, the ironic part is, of Those three resources, 2,000 years ago was the least value. It was the easiest to get. It was the most common currency, because.

[Preston Brown]

That'S the kind of the standard historical gift for a new king.

[Jeremy Newsom]

Correct.

[Preston Brown]

All right, family, welcome back to problems to profit. I am excited today because we have the best looking man alive on the show. Me. Yeah. And also the second best looking man alive on the show, Jeremy Newsome. And I'm gonna say Jeremy Newsom, because, like, I remember when I first met this guy. Like, we met. We're part of a mastermind. People were like, oh, yeah, I'm gonna go to Croatia with this guy. And I'm like, what's in Croatia? Like, is that one of these third world countries? And I start seeing images and I'm like, oh, my God. Like, this guy's doing some, like, world class shit with amazing people. And then I. I don't know. I think I met him and I talked to him and I was like, God, he's too likable. He's got to be fake as fuck. Like, it's just my initial thing. Like, if you're likable, I'm like, no, that guy's completely full of shit. Anybody that can sell that well as a con artist. And then, like, one day, God, I think we were sitting at a dinner together, and you're just, like, talking like a bro, like a dude, and we're just sharing. And these bombs of truth start coming out of your mouth as soon as. And it'd been happening the entire time. I just hadn't given you the grace to listen myself. And so everybody's like, jeremy, Jeremy, Jeremy. And I'M like, I'm not sure about this guy. He's too charismatic. You know, greatest strength and greatest weakness are often the same thing. Like, you're so charismatic that you scared the shit out of me. Like, I'm like, holding onto my pocket to make sure the money doesn't leave me to go to yours, right? And then we're sitting together, we're having dinner, and I'm like, fuck, man, I'm gonna listen to some of the shit this guy says. I'm gonna test it gently because he's so contrarian to my side of reality. But it's. What he's saying is absolute, genuine, real, unfiltered, no bullshit truth. And I'm going to test it. And I started testing it. And you are one of the few people in this world that has reframed my reality. And even then, like, later, another Jeremy Newsom story. Before I get into letting everybody dive into the amazingness of Jeremy. One day I make a comment to Jeremy and I'm like, yeah, bro. Like, you know, I don't have a lot of friends. Like, I, you know, I'm a business guy, I'm a this guy, I'm a that guy. And he asked me, oh, what does a friend mean to you? And I think I told you. And then, like, you know, six months later, a year later, we hadn't talked that much because there was a whole bunch of stuff going on. You call me like, hey, fucker, what are you doing? I don't know. I'm doing this, this, and this. Well, cool. I'm doing this thing. And, you know, I just like to call and have you come out as my friend. And, like, it was one of the most touching moments, like, actual genuine friendship moments that I've had since I've gotten into the business world. Like, since I was a little kid and we just went played. We were little kids together, we got drunk at your fucking house, walking around the neighborhood, which was a lot of fun. I mean, like, I can actually say, like, I have a friend on. I don't have a lot of friends, but you're one of my friends. Like, you know, and so, man, I am so excited to share you and your brilliance and your genius and your investment strategies and just a little bit of your heart with my audience, man. So if you are watching this, listen to this, get your fucking notes ready because you are about to have your mind blown so wide open by the only good newsome that lived in California.

[Jeremy Newsom]

Ah, there we go. I was waiting for that. Thanks, man. You know, I don't remember the exact restaurant name, but I do remember that restaurant that we had that conversation at. And it was one of the top seven dinner experiences of my life. Because we took this. What was it called? Like a. I don't know, I mean, it was like. I'm trying to think. It was like a Zamboni. I can't. I don't even know the term. It was like a caterpillar crawling beast that climbed a mountain and we were in the giant depths of snow and we had the whole restaurant to ourselves that you bought out. And we're eating in this restaurant. We sat next to each other. And then you also did the same thing for me. You shared a spiritual belief, being a man who's Christian that still was willing to create paradigms I never thought of before. This is when you changed my life. You said Adam and Eve. What's another word for Adam? An Adam, a T, O, N. And you're like, it's the genesis of creation. I was like, that's the everything. I was like, oh, that's so good. And then boom, we had the best, like, four hour conversation over a couple Manhattans. And it was amazing. But yeah, man, I, I viewed you as a friend and a mentor, really, since that moment. I mean, it was a great time. Because to your point, you have to get in rooms together, you have to get with people, you have to drop your guard sometimes and just share vulnerable stories and experiences that, hey, this is my truth. And it could be incorrect, it could be correct, but what do you think about it? And you also came from that perspective of, this is really my truth, this is the way I see the world. And you didn't really care how I thought, but you were sharing your truth. And I think that's probably something that very few people are willing to do, is share an ultimate truth with other people that they have tested. They have proven to themselves that they believe in and do it without fear of losing that person's relationship. And what happened is we gained a relationship. So it was really remarkable.

[Preston Brown]

Oh yeah, we gained a relationship, we gained a friendship. And like, you know, people ask me, like, you know, who are the people you want to spend, you know, your time with? And it's always like going to be wife, kids first right after that, like, just because I think I actually like them more than I like me. I like spending time with myself right after that and like, kind of getting into a rhythm with me. But after the wife, kids and the self, man, you're up there in my Top five, top ten, always. Because you're just like this bucket of positive energy. Like, you know, I'll tell you something funny. Like, somebody was like, is there anything bad you could say about Jeremy? And I was like, yeah, one thing. He's always a bull. He's always a bull. That's the only thing I have bad. Which, you know, you can't even knock it because if you give it enough time. But the capitalism, everything's fudgeing, bullish with enough time. And he's always a bull.

[Jeremy Newsom]

He's.

[Preston Brown]

I'm a tourist.

[Jeremy Newsom]

I'm a Taurus. I was born that way. Love it, man. Yeah.

[Preston Brown]

So we can go so many directions with this show. I just wanted to have you on the show because I want people to get a little dose of you, bro. Like the way that you show up. And, you know, when I met you, you're. I think you're 34, you're wildly successful, you have an incredible story, and that's probably where we should start, is just kind of like some of the story that you began with. Like, let's take five, 10 minutes there and dive into that piece of you. Because you know the prophet you are today came from the problems you experience. Your gifts, your guides, guided you to be the man you are today. I mean, I know you're out there changing lives and dumping truth all over people. So let's hear a little bit of where you came from.

[Jeremy Newsom]

I'll start with the story, Then I'll go into the big problem. Then I'll go into the prophets. The moment that changed my life forever. 1995. I'm watching Academy Award winning film Forrest Gump with my dad and my older brother. And in the movie Forrest Gump says Lt. Dan invested into some kind of fruit company and said we don't have to worry about money no more. And I was so poor when I heard that. I didn't know that people could not worry about money because that's all my family did. So I asked my dad, like, what's he talking about? What's a fruit company? What's investing? And my dad told me a little bit about the stock market and what the fruit company was, which was Apple. And so in 1995, I'm like six and a half, seven years old, so I begged him, like, please, let's buy some shares of Apple. And like a good dad, slash a dad that had that belief. He's like, we don't have any money. Like, we can't invest. That's for rich, smart, talented people. And so I begged him and begged him and he said, listen, bring me some money and I'll match it dollar for dollar and we'll buy some shares of apple. So I went and picked blackberries, sold them door to door for a dollar a bag. Handpicked organic blackberries for, you know, 80% less than retail. And you know, a couple older ladies would give me 20 bucks, 10 bucks, 50 bucks made $1500 in the summer of 1995 picking blackberries.

[Preston Brown]

And how are you at this time, just to give context.

[Jeremy Newsom]

Six years old.

[Preston Brown]

Wow.

[Jeremy Newsom]

And true to his, true to his word, My dad borrowed 1500 bucks from my uncle and we bought $3000 worth of Apple in the bottom 1995. Now currently those shares would be worth over 30 million. I did end up selling them and 2000 for $12,000, which was still a billion dollars to a 12 year old. That was my first 30 million dollar mistake.

[Preston Brown]

I love that. Oh yeah, about a couple of them. The first 30 billion dollar is mistake. You're five years later, like six years later, you're 12 years old. You're like what a dumbass. Them 12 year olds and their investment decisions.

[Jeremy Newsom]

Yep. Didn't realize it, didn't realize it was a mistake until a lot later in life. In life. But again, it was a, it was a blessing. We can view mistakes as mistakes. We can view them as blessings, we can view them as gifts. That definitely happened for me, to me and through me, all the things. And I became obsessed with the stock market and studied. Went to University of Florida Go Gators. For finance degree. As Preston Brown will tell you, didn't learn anything in college about investing money, the markets and just started studying. Took my 401k at work, which is what you're supposed to do. Get a job, get a good college degree, get a 401k, retire when you're 58 and then die at 63 and.

[Preston Brown]

Follow the American system, right?

[Jeremy Newsom]

That's right. I was doing it. I was doing exactly what I was told to do. And I learned how to trade in a 401k. It's called a self directed 401k. Started buying silver stock, did really well, turned 9 grand into 30. Showed my dad, my dad gave me his retirement money. I took all the money he had. $105,316 started trading, that turned into 130,000. He told three of his buddies, my son's a genius, you know, he's a golden boy. They let me log in to their Charles Schwab accounts and I started Trading their money. And at the age of 21, man, I was trading $400,000 of other people's money turned into 1.2 million and then lost it all in a week.

[Preston Brown]

How did that feel?

[Jeremy Newsom]

Well, shitty.

[Preston Brown]

How old were you at this time?

[Jeremy Newsom]

The silver bubble burst on my 21st birthday. May 2, 2011. Yep. And I was in something called Impressed now knows what this is. Call options. I was in weekly call options that I had bought. So these instruments do. They do go to zero. I didn't know that. I had only played it bullish. To your point. I had no bare bones in my body. I didn't know how to protect myself. I didn't know what risk.

[Preston Brown]

Dude, I just gained like four gray hairs right now and a few others fell out.

[Jeremy Newsom]

Yeah, man. I tell people I know exactly what rock bottom feels like. I know what it looks like. I should be a geologist. Like, I'm very familiar. I'm very familiar with rock bottom.

[Preston Brown]

Oh, that's. That's a great pun, by the way.

[Jeremy Newsom]

Thanks.

[Preston Brown]

I'm gonna write that down.

[Jeremy Newsom]

Thanks, bro.

[Preston Brown]

Yeah, man.

[Jeremy Newsom]

And.

[Preston Brown]

But I did.

[Jeremy Newsom]

I called each person. I called my dad first. I got first and foremost blackout drunk at a bubble gump shrimp company like Daytona Beach, Florida. They're doing five dollar pitchers drink. Like 12 of them. Called these guys and said, hey, I lost all of your money, but I'm gonna pay you back. I'll pay back with interest. And I did. I didn't have to, but I did. I paid each one of them back. I got on a monthly payment plan and started paying these people back. But that was such an amazing gift because.

[Preston Brown]

What, what, what year was it when you lost it all?

[Jeremy Newsom]

2011.

[Preston Brown]

Okay. Okay. So kind of recovering from 08, like you actually made it through 08 okay, it sounds like.

[Jeremy Newsom]

Yeah, I mean, I was 18 and 2008, I just started trading.

[Preston Brown]

Okay.

[Jeremy Newsom]

Nothing. Yeah.

[Preston Brown]

Oh, so you were riding the up. Yeah. Oh, yeah.

[Jeremy Newsom]

The big up.

[Preston Brown]

Everybody became a genius.

[Jeremy Newsom]

Yeah. Yeah, everyone's a genius. One's just going straight up.

[Preston Brown]

I'm a genius. Right now on Open Door. I'm planning my cell one of these days.

[Jeremy Newsom]

And yeah, man, that was. That's really the. The mark of. I had to figure it out. And we all in life are always faced with a decision. We either give up, quit, stop, totally change directions, pivot, or figure it out. And I decided I'm just going to figure this out. So I became a phenom. I mean, I studied 17 hours a day, every day, constantly, like a madman, studying, practicing, reading Watching every webinar, going to every class, going to every video. Just. Just get it right to really understand the markets. And I did. I ended up paying everyone back. And that was over the course of 2011, 2012, 2013, and then into 2014, like that three year time horizon. And then in 2014, I launched a company that ended up becoming the third largest stock market education company on earth. And I sold that a year ago, which was great.

[Preston Brown]

But my mother was a member, by the way, and is like, you know, when I give my mother investment advice, do you know what I have to hear from my mother every time I talk about Jeremy Newsom? Like, the only time I don't like hearing about Jeremy Newsom is when I'm talking to my mother. That's the only time that I'm like, okay, you might as well call him Gavin at this point. Mom, shut up. I mean, you are like a superhero to her. Like, I have done okay, but everything I do, she's like, have you cleared that with Jeremy? And I'm like, I fucking love Jeremy. I've done some good things myself, too, Mom.

[Jeremy Newsom]

Yeah, come on, Mom.

[Preston Brown]

My mother is such a fan. Like, your investment company changed her life. She's, like, paying for her lifestyle. No, seriously, seriously. Like, to the point that I hear about you more from her than I hear about my sister and brother from her. Like, you're her other son, dude.

[Jeremy Newsom]

Holly, to this day is my greatest sales ever. That was my greatest sales pitch of all time. Of all times. Your mom. Because when I went to your house and your mom was sitting right next to me and I was eating whatever your perfect wife made me, it was amazing. It was some type of, like, fajita bowl. It was incredible. Your mom was right there, and she's like, investing day trading. I think index funds are the way to go.

[Preston Brown]

You're crazy. You don't know what you're talking about. And then she saw you on stage. Like, she got you before the stage, and then she gets you on the stage, and she, like, she fell in love. Like, you. You were. You were definitely her second love.

[Jeremy Newsom]

It was. It was a great. It was a great experience, man. Because what I want to show people is what I learned, and what I've learned is that wealth is second grade math repeated consistently. That's what wealth is. And it can be any kind of wealth, but it's just a consistent process of numbers having good numbers on your side. And I learned in the stock market, and I think your mom and a lot of other people can probably do this math formula pretty easily in their head. But if you buy a thousand shares of any company, and I said buy, you buy a thousand shares of any company on earth and that stock goes up three points, it's a thousand shares times three, it's $3,000. If you do that 200 days a year, that's $600,000. That's just the math. And most people I talk to, not everyone, not you, not me, but most people, $600,000 a year is going to change their life. And it did change my life for a long, for many, many years. And it got to the point where, you know, I wanted more because I wanted more expansion and more impact and be able to give even bigger. But ultimately that $600,000, if you repeat that long enough, you pay off all your debts and you do it the right way, it can really compound extremely quickly. And most companies, the truth is, most big companies, Visa, MasterCard, Johnson Johnson, Walmart, Costco, Tesla, Apple, Nvidia, Microsoft, they move $9 a day, every day. Nine. So now you don't even have to capture three points. You can capture five or six. And then Tesla, which me and you're big fans of, you trade it very well. Preston, you're a very good trader of Tesla.

[Preston Brown]

I put the down payment on my most recent airplane from Tesla stock trades.

[Jeremy Newsom]

So cool.

[Preston Brown]

I mean, I literally exited my own trading account to buy an airplane. And the only thing I didn't pull out, Jeremy, was Open Door. And I left half a million shares of Open Door that I had averaged at a dollar a share. And I wouldn't sell it because it was low. And I'm sitting there crossing my fingers as like the super bull based on the economics of what, you know, a single family housing, basically a flipping company with a tech advantage should do if interest rates, rates go down. And so like the Economist to me is like, it's got to be okay. And so I got all of my stock out except for my open door shitty stock, which had lost like at that point, 85%. Yeah, yeah, yeah. I'm in it like 5, 600,000, and it's down like 2, $300,000. And I'm like, I'm not selling that. I'm gonna, I'm gonna be a super bull on this.

[Jeremy Newsom]

Yeah, it all came back to your credit, man. You were the first person that I was able to communicate with frequently that made private flying reasonable and doable and available. And you also broke down the economics for me as we played checkers and chess on your private Plane flying from, I think it was El Paso to Manhattan Beach. But it was in that moment and a couple of other moments where you also broke down the economics of flight and the numbers. And you do it in a, in a place where you're like, hey man, I don't really care. Ego aside, like, here's just the numbers. And I think a lot of people need people like that in their life to just kind of pull them or show them or give them evidence. And again, back to that second grade math, you were like, hey man, here's how much it costs, here's the down payment, here's how I can, here's how much I can lease it for, I believe you were doing at the time. And here's the tax advantages, and here's why you can, here's why you should, and so on and so forth. And I think now you have multiple planes, all probably for taxes and income and all the other things.

[Preston Brown]

And fun. Yeah, and fun lifestyle doesn't suck either. But like the, the big thing is like, you know, it's, it's. Does the numbers make sense? Like any investment, do the numbers make sense? If the numbers don't make sense, then, then you're either going above your level or below your level. And like, you know, at a certain point, airplanes are actually, and I would, I would say this an asset class. And never from the return on the dollar standpoint, like, you can get a huge tax savings, but you're time traveling. So at a certain point and a certain wealth level, if you are waiting on layovers, waiting at airports, if you are waiting like the value of your time, like if you're making 10 million a year and you're not flying private, you're actually probably fucking up your value of your hour. Waiting on that layover cost you more than flying private.

[Jeremy Newsom]

Yeah, and you broke that down for me. And again, that $10 million is a very interesting number because there's also levels where you shouldn't do it. Right. You're making $20,000 a year. Fly Southwest.

[Preston Brown]

Yes, fly Southwest. Or if you just have a passion, like go buy yourself a Cessna. Like, I mean, you could do that on 200,000 a year. It's a reasonable thing. Thing. If you just love flying, go get a little Cessna or a little Bonanza, something from the 70s you can buy for 100 grand and, and, and, and fly that around and learn the aviation world that way if you want it. But it's not really an asset. It's more like a car at that point, you know, like, yeah, but. But lifestyle play, maybe, but yeah.

[Jeremy Newsom]

And you just made that available to. To me and to a lot of other people. And again, I just think that back to the whole math thing, and you just said, make sure the numbers work. What I do appreciate about you, among many other things, and for all of your listeners, probably the most important thing we can all do is actually do the work. Do the work. The magic you're seeking is in the work you're avoiding. And oftentimes the work that we're avoiding is just sitting down, doing the numbers and actually spending a whole two hours uninterrupted, of crunching the numbers and actually figuring out, does this investment, whatever the investment is, does it make sense financially from a risk and income level?

[Preston Brown]

Yeah, sometimes it makes more than sense.

[Jeremy Newsom]

If it makes sense, it makes dollars, right? Yeah, man. It's.

[Preston Brown]

That's.

[Jeremy Newsom]

I think ultimately a really, really humongous life hack for every single listener is the best asset you can ever buy is a ticket into the room. Oh, my gosh.

[Preston Brown]

You get the proximity, get the access, get. I mean, you know, I was. I think I called you out on a live video I did today. Somebody asked about side hustles. They said, what's the best side hustle? And I was sharing with them just some things that I'm seeing in the economic side of things. Every economist, if they're worth their salt, is right over 10 years. Most of them are wrong over one or two, but they're all right over 10 because the fundamentals are always there and they're easy to see if you give it enough time. But everybody's like, what's the best side hustle? And I was like, honestly, like, call Jeremy Newsom. Look him up. He's online and learn trading. Like, you know, I learned trading from you. And here, look, I'll actually give you a little example. And this is, you know, it's probably. It's not going to be sexy, okay? Not sexy for what you do. But the other day I was looking at gold, right? And gold is one of those really interesting things. Like it's the original reserve currency, if you want, right? And I was looking at what the United States has on the balance sheet, and I was like, oh, wow, our gold is $40 a troy ounce on the balance sheet, yet that same ounce of gold is what was like 3,500 on the day that I looked at it. It's more now. And I was like, oh, crap. America's revalued our gold twice. Like, gold used to be a Dollar. Like a dollar was gold. And they revalued it up to $40. They've done this two times now. It's gone so long that it's $3,500. And you know, Doge didn't work like Elon Musk was. It was a great idea. But I think Trump and Elon figured out that they need the politicians and they need winning the midterms and they're not gonna stop spending. So they weren't able to cut as many things as they wanted to cut. So Doge was a complete, epic, royal fucking failure. Love Elon. Like love Tesla. Keep trading. It wouldn't bet on Doge. Okay, what do we say? 200 billion over 10 years. That's not a lot. That's a drop in the bucket. So what's the only way for the government to continue stupid spending shit? It's going to do well. They have to kick the can down the road. What's the easiest way, a way they've already done it where they have the data. What are they going to do? They're going to revalue gold. And so I went and bought 300 grand worth of gold. I'm going to show you this because it's just fucking funny, right? So I bought my gold and I bought it. What? Where is it? And if we look, you can't really see, but I bought at $314.96 with SPDR Gold Trust, because I'm not that big on like, you know, actually buying the actual shit. I don't know if you can see that, but right there, if you can see that I've made 6% on my money in two fucking weeks. Yeah, in two weeks. And it wasn't even what I thought it was going to be. I think gold's going to go to 4,500, 5,500, 7,500, maybe 10,000 per troy ounce, just because of the way not just our government, but every government on earth spends. And I'm looking at the economic trends and I'm like, holy fuck. There's no downside risk. There's literally zero downside risk right now to gold. I mean, maybe on the day or the week, but not on the year, because we're going to keep, like, fucking with supply and demand on dollars. We're going to keep fucking with supply and demand on every currency on earth except gold. And so it's bullish. And then it hit me, there was another thing on gold. And do you know why cryptocurrency is so fucking valuable? Limited supply or Bitcoin and the human work that went in to create it. Yeah, the mining that went into creating, you know what quantum computing is going to do to that? It's going to eliminate so much of that work that you could make the same crypto that might have taken 10 years to generate in 10 minutes. What happens when the market fucking democratizes that and figures that out? Everything trades on the market faster than it trades in reality, right? You're going to see this huge flight from crypto to fucking gold. If the government doesn't revalue gold, what's that going to do?

[Jeremy Newsom]

So real quick, teach, teach me and teach everyone else. How did you look at the revaluation of the troy ounce value? Like what, what was it, a newspaper? Like, where did you see that data?

[Preston Brown]

History. So like, you know, I'm a big reader. I'm a big reader.

[Jeremy Newsom]

Yeah.

[Preston Brown]

And like if you look at history and what presidents have done to figure out the debt crisis and solve their problems, it's happened multiple times where the dollar was backed by gold, right? And then we removed gold from the dollar, we revalued gold on the balance sheet multiple times. And both times when that happens, what happens is the government, because they've revalued gold on their balance sheet, allows authorizes if you want. Like it's more complex than this one. A simple way to look at it, the Fed to print that amount of dollars, put it into circulation for the government to use because their balance sheet's higher. So it's not as inflationary as just printing money. They're just printing what's on their balance sheet, which they can use to marginalize the debt, invest in growth or pay down the debt in the short run. Because all they've done is they've rebalanced the scales. We're not going to solve the spending crisis. Like we don't have a debt problem, we have a spending problem. So when they revalue the balance sheet assets to devalue the debt, they're going to have access to that amount of capital and liquidity. Now that was the first one that hit me. And then the second one was like, oh fuck. Crypto is a huge store of wealth and with blockchain technology it could replace reserve currencies the way that countries currently do it with Fed and independent Fed and all this other bullshit, right? But that the work to create a crypto, if quantum computing comes online and it looks like it can in the next two to 10 years, I'm super bullish on gold. Right now. Now gold has moved a shitload in the last year. I think we're still early actors on gold. So as a long term store of wealth, I think gold is huge today. And look, I don't have a company that mines gold. I don't. I'm in the real estate business. So I obviously invest in that hard asset. I'm very bullish there as well. But as a hedge to that, in case something happens there, a black swan event, gold is not a bad fucking risk. Gold is one of the best risks you can get because there's two significant factors that will drive it up, actually three, if you look at government spending is going to keep devaluing the dollar, so you're going to get a constant incline. But then you're also going to look at, well, what if quantum computing devalues crypto, like all the cryptos out there. You're going to see an exodus of money into the only hard asset, gold. Okay.

[Jeremy Newsom]

And, and what you did is you also, I want all the listeners to hear this too. You bought liquid gold, meaning you invested into the actual ETF that tracks gold price. So your gold is liquid. A lot of people, the mistake they make, and again, I like the mistake, it's not a bad mistake, is they own physical gold, which is fine, perfect, awesome. Less than 1% of my net worth is in physical gold and silver. Because it's physical, like it just sits there. You can't do anything with it ultimately.

[Preston Brown]

Did you just say you buy your wife nice jewelry too?

[Jeremy Newsom]

Pretty much, yeah. Yeah, that's more or less.

[Preston Brown]

I mean, look, I've probably got, I don't know, maybe less than 1%. Maybe I'm a cheap ass, but I buy my wife a lot of gold jewelry. So I kind of look at that as that's my physical gold. She likes that. Yeah, good take, you know, but no liquidity is the problem with gold.

[Jeremy Newsom]

Correct.

[Preston Brown]

Cash flow being the second problem with gold. So would I say go take money out of like I'm a big believer in cash flow investing. That's why I love what you teach on options. I love what you teach on stocks because you found a way to turn an asset that doesn't necessarily have a dividend into a cash flow. And sometimes I think you call them callers or something like, what is that called with no downside? It's crazy. We should get into that on this show too.

[Jeremy Newsom]

Yeah, well, right now we technically can because on the goal that you own. So you own 300 grand worth. It's up 6%. Like right now, you'd be able to get into what's called a collar. And a collar is where. And again, this is crazy. Preston can rent out his gold stock, bring in a cash flow position, and use that cash flow to buy an insurance policy to protect his downside because he has positive equity. Once you have positive equity in a stock or an ETF or essentially a liquid instrument, you can use options, which are insurance positions. They've been around since 1973. My original mentor, his name is Michael Thompson. He's no longer alive, but he took the very, very first electronic options trade and I learned options from him. He, you know, taught me many, many other things. But one of the things was like, listen, options are created by the smartest wealthiest individuals to protect all their money because all wealthy people just want to protect their downside. You can create unlosable positions for a period of time in all markets and all liquid asset classes that have options. And obviously gold is one of those. And so at this point in time, if to not that he will, but he could create a position where he cannot lose on his gold position. So that $300,000 is not only a hedge, but he can lock in money and get paid cash flow to not lose on that gold position. It's incredible.

[Preston Brown]

Yeah, I've not done as many callers, I've done a few as I've done just regular covered calls and cash secured puts with my liquidier holdings. But when you taught me this, like being a real estate guy, going from the real estate world to the stock world, where like, I've always looked at stock as, okay, there's not a cash flow unless it's a dividend stock. And the dividend stocks don't move up the way that some of the growth stocks do. So when you showed me, like, hey, dude, it was almost like a rental home. You can buy the house, rent it out, the rent covers your cost, covers your lifestyle, covers your cash flow, covers this, and you always still have the house. Like, let's be real houses are not going down in value. They're only going to go up in value. Everything's going to go up in. Well, value is a real tricky word. It's going to go up in price because of the way that the money system works.

[Jeremy Newsom]

Right.

[Preston Brown]

You know what, you wrote a book, Money grows on Trees. I loved the book and it made it so simple. Like a dummy like me that likes hard assets, that likes cash flow, can read that book and get pearls of wisdom out of it for how to leverage stocks Options and trades to make literally money everywhere in the streets, all around me. Can you dive in a little bit.

[Jeremy Newsom]

Of the book real quick? Yeah, man. It's really a mindset. It's a mindset that helps people understand. Most people, they put the barrier to what they want to do as money. So they will say, I cannot do this insert thing. I cannot buy a jet and travel with Preston and learn from him because I don't have enough money. Well, if you remove the money from that formula, just take it out and you cannot use it as an excuse anymore. What's really the excuse? Now everyone's going to say they're going to get stuck and go, well, money actually is the problem. Like, no, it's not. It can't be the problem. Because money is a countably infinite source. It's so large. Like Tesla, one stock, one company on one exchange does $90 billion US a day, every day. So that's US$4, quadrillion a year flow in and out of the US stock market. What I mean, that's a countably infinite large sum of money. So the money's actually there. What the challenge is, someone might not know how to access it. But that's a different formula. If you say, I don't have enough money, comma, because I do not know how to access it now your brain simply starts probably asking the question, okay, how can I access it? Is it available? Is it possible? Because if you look at dollars, dollars are print on paper, and paper, well, it comes from a tree. So then trees are money. And when you start seeing everything as actually, money's everywhere. If I don't have a lot, it's probably my fault. Then it becomes a, oh, it's a me problem, not a they problem. And you become a victim and you become a victor. It's up to you on what side of the formula that you're playing. And that's really what that book was. It's just a huge realization one day that obviously money is made up. We all know that. But it's really the power that you're associating it to because it becomes even more enticing and intricate and fascinating if you don't use the word money at all. Instead, if you start using the word currency. So just stop using the word money and just only use the word currency. Because most people think in dollars, but they don't think in Japanese yen for some reason, or they think in US dollars, and they don't think in yuan or Bitcoin or houses or doors or cash. Flow, it makes you think differently. And I think you and I both know and we've learned in our life, the quality of your questions determines the quality of your life. If you ask better, bigger questions, you're going to get better, bigger answers. And that's really what that book dives into. And it's just really, it's been the highlight of my life and the biggest gift of just kind of understanding that money is what we perceive it to be. And you start changing your perceptions, and you change your perceptions very, very quickly. You'll change your beliefs, you've change your beliefs, you change your identity. Change your identity to someone who attracts wealth and magnetizes income and creates currency everywhere you go, well, guess what's going to happen? You will become that person and that will happen to your life in a big way.

[Preston Brown]

You know, I think guys like you and start to be guys like me. I think we actually trigger a lot of people when we say things like, you know, getting rich is actually easy. And I think it's easier now than it has ever been to get rich. Like, there is a reason the rich get richer, okay? And that's because they got on the boat, they went to the class, they went to the room like they jumped on board where all the rich people were and they realized this fucking truth that, oh, wait, these people aren't smarter than me. They're not better looking than me. Like, well, I mean, you and I are better looking than them, but like everybody else like that, you know, all the other rich guys, they're not that great looking, but like, you know, like. And when you realize, oh, fuck, they're just playing a system.

[Jeremy Newsom]

Yeah.

[Preston Brown]

And the system is more available and more taught, more exposed than it's ever been. Like, most people that are doing things wrong, they're actually doing the right thing from the past. They just haven't updated the equation.

[Jeremy Newsom]

Yeah, yeah, correct. Back to your study history. Right? A little bit. Like, it's gonna. Things, things are gonna shift, things are going to adapt. Like the app that you just showed earlier that has, you know, your money on gold and open door is Robinhood. And Robinhood did that. It democratized and decentralized might not be the best word, but it really just made it open and available to so many people. If you have access to an Internet connection or now a cell phone connection, you have access to income and you can start trading and using money from anywhere in the world to create more capital easily, quickly and effectively. Robinhood, the company went from $20 billion valuation four months ago to now they're a hundred billion dollars. So they 5x because they're like, wait a minute, we're just going to open up the access to money to everyone. And if everyone. Again, math formula. If a million people in the US put in five dollars into Robinhood, five times a million is five million dollars. If a million people do that every day, you're going to start adding money that was in savings accounts, that was in whatever checking accounts that was just sitting there doing nothing. Now that money is buying an asset. And when you start buying things that have limited supply and demand increases. Preston Brown told me that if that formula holds true, price is going to go higher, demand increases, and supply stays consistent. The price of that thing, not the value, but the price will go up.

[Preston Brown]

Right? And if you own the thing and say the value doesn't change because value is just a function of utils like a house in the 1920s and a house now does the same exact shit. Okay, maybe you have a few more circuits in your electrical wiring and you have a surround sound computer system, but either way it's the same purpose driven thing that that's where families are raised. So the utils of pleasure derived from the house haven't changed in 100 years, but wealth has, because people understood how to leverage that as the government fucked with the value of money. Money's been devalued. Houses have not been devalued, they've been repriced, if for no other reason than to keep up with money. So what you have to figure out is what's being devalued and how do you short that and what's being repriced and how do you go bullish on that? And it's just a very, very, very simple equation. To your point that if you have the mindset and you ask the right questions, it's very easy to figure out how do I become phenomenally wealthy? Like I every week I'm still showing all of my, my teams that I do my meetings with. Like it's funny because we have the meetings on our companies and I specialize in automate companies and coaching people on how to automate and scale their companies. And of course I learned this working with my own people. But I'm less excited about the rest of the meeting than I am about showing them what I've learned from you on my stupid Robinhood app. It's the coolest. It's so cool. And I'm like, hey guys, look, I've got like whatever 3 million bucks in my trading account. Or something. It's not even a lot of money. It's funny, it's not a lot of money. Ten years ago, I'd have been like, that's so much money. But now I'm like, that's not a lot of money. But if I can make 5% in a week, 10% in a month, say you had a bad few weeks, that 3 million, it's going exponential. And when you can protect from the downside, which is why you leverage the callers, which is why you're looking at which assets are going to be driven up in price by the monetary system we live in, when the rules change and we don't change our own rules, we lose.

[Jeremy Newsom]

Right? Well, here's what's cool, man. Fun mindset shift for you. About seven years ago, I stopped wanting more dollars and I started wanting more shares, shares of companies, because shares can grow and often do grow exponentially, and that value will translate to more dollars exponentially. But most people want dollars. I want shares. And I will take as much dollars as I can and then go buy those shares with the dollars, which is going to grow exponential. And then you have the ability to do some. So much leverage and opportunity and shift and again, whatever, sell it. Buy things that add value to your life. Now you become more wealthy on all aspects. Health, vitality, spirituality. Which is what brings me to a question for you. When we talk about this money increase, a lot of people, some not a lot of people, some people will go, well, what happens to you? Said the rich get richer. That disparity between the people that have money and people that don't have money. So my question to you would be, what can our and your listeners do to make that gap smaller? Semicolon. Is it possible for every single person on this planet to be rich and wealthy? And then what would happen if that did occur?

[Preston Brown]

Well, I mean, I go back to my faith like, you know, so is it possible for everybody? The answer is yes, but that's the paradox, because it's never going to happen. Okay? And I don't want to say never. I don't like absolutes necessarily, but I doubt it's going to happen, at least in our lifetimes that everybody gets rich. Now to get rich, you have to be an epic learner. If there's one skill everybody should learn, it's how to be an epic learner. The second skill that you have when you're an epic learner is solve the biggest problems, which to solve the biggest problems. If you want a life, the first thing we Americans do is I think we chase money. How do I gain money? Because that's what we're taught. We're a capitalist country. Money equals success, wealth, power, all that stuff. Then you get it. Like, I remember when I was like, oh, Jeremy's 35. He's worth 30, $40 million, whatever. I might be underquoting it, but, like, I was like, holy shit, 35. At 35, I was still struggling, right? Like, I mean, I'm loaded up now, but I'm also 43. It took me a little longer. And you know what happened? The big transition for me was I started asking the bigger questions. So if we're talking, like, the spiritual game, like, I mean, spirituality is a big, big, big thing to talk about. I think the most important rule in spirituality, it begins with, how do you remove the question what about me? From any and every equation, at least for a moment? Like, so if we're talking money, how do you remove the question what about me? From money? You can add it back in. Because you have to live in your skin. You have to be alive, and so you can add it back in. But if you can look at it without you in it, if you can look at removing what about me? From your relationship with your wife, it removes all selfish desires, it removes all selfish points, and you start looking at what about we? And when you're factoring what about we into what about me, you get to write it up, too. Like, a rising tide raises all ships, but we don't think along the lines of a rising tide. A big thing I've been thinking about lately is enlightenment. You know, I have this preconceived thought that, like, I think has been fed to me by society, family, everybody, that the word enlightenment with people that go out and, like, claim they're enlightened, are oftentimes douchebags. And if we go to Instagram, we can probably prove that theory, because the same ones that act enlightened are the ones, like, cussing somebody out later on a different post, right? So you're like, that doesn't seem very enlightened. So, like, I've recoined the word to less anchored. And I think enlightened really means less attached. And one thing I've found that's really interesting, like, I take this thought of enlightenment, which I'm going to use this terrible word, wonderful word, whatever, right? There's always truth in a paradox. And I attach it to kind of a biblical argument that's been around for thousands of years. You know, do we get to heaven if you want, through works. Or are we saved by grace through faith? And like some catchy years ago said, well, true faith creates works, which is true. But then you look at the. The thief on the cross, the biblical reference to the thief on the cross. Like, I didn't have any time for works. He was on the cross. The only work he did was, like, have that conversation with Christ. And then Christ said, you know, we'll be together in heaven, right? So when I'm looking at enlightenment, these people are lighter, these people are floating. These people. Like, if you can be happy regardless of circumstance, wealth, or anything else, I would argue that you are enlightened, or more so than not. And oftentimes when you are happy, regardless of wealth, positioning, regardless of stuff and things and all the finite and all the form and all the physical, the structure that we have in our world and our reality, then you are spiritually whole because you removed successfully the question of what about me? But what generally happens to those that bring that beautiful energy, that less anchored, less attached, that know what about me? At least not on the inception of the question, but maybe on a deeper level, like, let's. I'll rise up with all ships that are rising. Like, the what about we? You're part of the we, you know, and so everybody that I've found that seems to be enlightened becomes successful at whatever that means to them. Sometimes it's not wealth at all. Mother Teresa could have raised a billion dollars in minutes if she wanted to. She was absolutely enlightened. She was absolutely successful. There were times where she did raise money to go solve problems. To her, she just didn't care about the money, but there was never a problem with getting it right. Does that make sense spiritually, if we're looking at wealth? What I. And, you know, not shamefully, but negatively, it took me getting rich to realize getting rich didn't matter. Like, I hope everyone gets rich. So you find out that's not actually what you're looking for. Because once you become rich and you realize, wow, it's lonely here, then you can truly become wealthy, which is where you're like, lifting everybody up and creating that rising tide raises all ships where your family's getting better. That's where this paradox of faith and works comes together to equal this truth that is enlightenment. Because you are less anchored than you've ever been if you're happy. I don't know because I haven't experienced it, and I don't think I will. Maybe I will, but I think I'm Hedged well enough now that it will be very hard for me to lose everything.

[Jeremy Newsom]

Yeah.

[Preston Brown]

But I can tell you, I think if I lost everything, I'd be fine. And the reason I know that is because I went through a struggle last year, which is why that question popped in. And the struggle didn't end until my pain ended. The pain kept coming, and it kept compounding, and I kept having more stress. I got in bed with a con artist. I think I told you about it. And it was costing me close to 200,000amonth. Worse than that, it was making my relationships that trusted me question me. And it's funny, because it kept getting worse, and I kept getting more stressed, and it kept getting worse, and I kept getting more stressed. And then when I gave up on the pain side of it and you think, give up, like, I gave it to God. I gave it up to God and I said, well, fuck it. I'm just going to be happy. Whatever God wants, I'm going to go with. And like this. Boom. The problem fucking solved itself. Not that there wasn't work implied that I had to go out and do my part with, but it just solved.

[Jeremy Newsom]

Yeah. So it starts working out. Exactly. Yeah.

[Preston Brown]

Not, Not. Not that long after I hung out with you and your wife at your house in Cali, by the way.

[Jeremy Newsom]

Hey, fun. Another question for you, because I think that's just so powerful to notice. What was the number when you said, I am rich? And then what was the moment where you're like, but it doesn't really matter. It's not. Doesn't make me happy. It's not the. Yeah. Like, what was that exact situation that occurred?

[Preston Brown]

I think the first time that I realized I was rich, we had a guy that we were looking at doing ESOP for our company. We told him our revenue, we told him our EBITDA, and he said, oh, yeah, probably $105 million exit. And it was just such a broad, big number to me. For a company that was doing very well, I was making a lot of money, but Nobody ever said $105 million, you could sell this thing and make that. And it was funny because I started the process of selling it, and then Jerome Powell went and started raising the interest rates. And my thing that was worth 105 million all of a sudden was then later worth 25 million because multiples and values and companies changed overnight. But you know what? I wasn't anymore any less happy. It was just sort of like, well, I still own the thing. And I realized there was market cycle so that was the first time I realized I was rich. But when I realized I was rich, like, my marriage wasn't where it should have been. Like, I wasn't where I should have been as a father. I wasn't like, my health was shit. Like, I was energy drinks and, you know, you name it all day long, every day, fast food, fast cars. Luckily, only one woman. But everything else, I didn't do the fast women part, not at that stage. That was earlier in my life. But, like, I was rich, but I wasn't happy, right? And I honestly think, like, it took me having the con artist, having the getting. Getting cheated, getting lied to. And, you know, there was a mentor involved with that that I think had accidentally got involved in the. With the con artist, maybe on purpose. I don't know. I. We're. We don't talk anymore. So I. I'll probably never clarify that. But, you know, I. Going through that process, got to see what it would be like to lose everything. Like, I had relationships questioning me and saying, hey, dude, we're going to shut you down. And I'm looking at this thing that made me rich. And I was like, that might get shut down. Okay, yeah, fuck it. And you know what? Then I just decided I'm going to be happy with whatever God gives me. I'm alive. I'm living an epic story. Like, my story was really cool. Like, I'm sitting there and I'm watching the movie of my life in a meditation, thinking of all the ups and downs and all the crazy and shit. I had Tony Robbins sue me a few years before when I opened a competing company. And so, like, I triggered the fucking abundance guy, and I got kind of excited about the story. And then later, I'm dealing with this, like, crisis where a mentor and a con artist and I bought a bunch of shit from him. And then all that shit, shit really wound up costing me a lot of money. And I was like, man, I have a great story. And I realized I could build all this again. They could take everything, but they can't take me. And what I am is a learning machine. And I came here as a soul to learn a lesson or a set of lessons, and they can only take my stuff. And then once that hit, and it took a year. I'm very dense. I'm very stubborn. That's why I don't do as many options and stock trades as I probably should, knowing you. But I should be quadrupled down on it more than what I am. But I'm slow and stubborn. But it took me a year to get through this. And then when I got through, it was just like all of a sudden, when the stress was there, the answers weren't. The question was wrong to your book, to the point when the stress was gone, I could see through the haze. I could see through the smoke my ego left. There wasn't any what about me, because I was just the character in a story. And I truly bought into this belief that problems are gifts and guides. And maybe God was teaching me that I'd have to build it again. And as soon as I learned the lesson, I saw the answers. I solved the problem very quickly. I finished the neighborhood myself. I wasn't waiting on anybody anymore. I probably broke the rules because I wasn't legally allowed to do that. But I went and, you know, I paid the contractors, finished the neighborhood, got the city to approve the neighborhood. All of a sudden, what was $200,000 a month in debt service became 50 grand a month in income when I refinanced and paid off all the shit. And now it's just $600,000 a year coming in. And I own 60 houses there that are cash flowing like. And the funny thing is, the answer was probably there for 90% of the time. The problem was there. Yeah, the first 10% of the problem, which is probably the first two or three months of the year, we're going back and forth. We're dealing with the con artist. I'm bought into his lies or catching his lies. And what's funny is the devil gets you to focus on the things that you shouldn't be focused on. I was focused on how it felt and not what it was. I was focused on, come on, where it was taking me in a negative space, not what it was teaching me. And the moment I was like, well, why couldn't I do this? This guy's breaking the law in every fucking way. Yeah, he's technically the contractor. Yeah, he technically has control of the neighborhood. Yeah, he's lying. Or getting money from other builders to do this, that, and the other. But he's just not finishing the job. The guys were there, so I finished it. And you know what? It cost me a few hundred grand. And then it was done. And then what was $200,000 a month worth of debt service didn't go away. But the $250,000 worth of income, once I had the certificates of occupancy on all these homes that have been sitting showed up, I was able to perm out the debt, turn them into rentals. Houses are going to go up in value. And while it was a huge loss, I mean, the guy cost me net close to $5 million. And he cost me far more, if you look at how much it was that I could have probably redone. But at the same time where he cost me by lying, he cost me by doing all of that, that's a lie in itself because I cost myself because I chose to get into the decision. I chose to do the deal, and it took me probably 10 or 12 months longer to choose to just finish the fucking thing myself than it could have had. I asked the right questions, and I.

[Jeremy Newsom]

Think that's the spirituality of money in a nutshell.

[Preston Brown]

Yeah.

[Jeremy Newsom]

Yeah, that's really it. There's always that fun lesson, and we'll all learn it, because I think you said it like, we're spiritual beings, and very often we're going to choose to create the contrast, the hardness, so that we feel the deserving, we feel the. The struggle. And a lot of times when we ask for strength, we will create something that's hard, that's movable, that's difficult, so that we feel stronger. And so we're going to bring that on ourselves subconsciously. Even if we don't want to, we really want to. And that's the coolest part.

[Preston Brown]

Yeah. And what. What's funny is the con artist wasn't avoidable. You know what I mean? Once I made the deal, like. I mean, maybe it was like, I could have made some different decisions, I guess, and just completely missed the opportunity. But based on the trust level I had for the other gentleman that was in the equation, that was in bed with a con artist, I go back and I look at it and I replay it in my head. I probably would have done it just because I trusted that guy. But what was avoidable was 70 to 90% of the pain. I was trying to follow all the rules that nobody else was following.

[Jeremy Newsom]

Yeah.

[Preston Brown]

Well, I had to go, like, take responsibility, which I think is probably the most important word outside of love in the English language, responsibility, and just solve the problem. Everybody was waiting for a solution, and nobody was stepping up to do it. You literally had everybody running away from the problem and blaming it on everybody else, including the con artist, including me. And when I was doing the same behavior as a con artist, not conning anyone, but waiting for somebody to solve it. I was throwing good money after bad money, waiting for a con artist to solve a problem the con artist caused.

[Jeremy Newsom]

Right.

[Preston Brown]

Focus on being a victim. Feel how stupid that is for 10 minutes. And you'll know what I spent a year in and. But what was beautiful is it was a great teacher. I mean, I have 5 million, you know, dollars that I invested in that college degree. Plus. Right? Like, I mean, and that's just the hard cost. It's probably closer to 15 or 20 because I could have repurposed that money, bought more lots this, that the other, like 15 or 20 million dollars in real damages. 5 million in damages that were like, like plus or minus. Maybe it's 4.9, maybe it's 5.5, but, like real hard cash out of my fucking pocket damages. I spent $5 million more on college than I needed to spend. If I'd have just had some wisdom, if I'd have realized that there were some trees in the neighborhood that I could have harvested for some money.

[Jeremy Newsom]

Come on, bro. Come on, bro. It's a beautiful lesson, man. And I think we all, we're all going to have fun learning it. And yeah, you got a bunch of college degrees, but what you're going to get to do is you're going to have such powerful lessons from that, such great responsibilities. Because the word responsibility is like, how do you respond? Right? How do you respond? And what are you able to do? Because we are all able to do something and we can spend time figuring it out. And that's what you did. And I will give you credit. I threw out a bunch of things to you, like, over the last year, trips, whatever, just, hey, let's do this, let's do this, let's do this. And you said to all of them, no, like, no, dude, I can't. I gotta, I'm. I'm working on this. I gotta, I gotta solve this. I gotta solve this. I'm focusing on this. And the reason I'm telling you that and to all of your listeners is because I want them to understand for sure, in those times where we are responsible, we have to be responsible for our ability. Our ability is how we're going to respond to the problems. And very often the response seems to be no to the things that are going to take you away from that challenge. And, and you focus on the challenge, you overcome it. And that's going to be one of the better stories. That story of overcoming the story of success, the story of achieving, breaking through to the other side of. Really, I had it half right.

[Preston Brown]

Like, I mean, I think you should focus on whatever your main thing is, but where I got it half wrong for at least a while until I figured it out, was I let the problem Seep into my identity. When I let the problem seep into my identity, the problem took longer to solve. Like, I think people should get close to their problems, but they should never identify with their problems.

[Jeremy Newsom]

Fair.

[Preston Brown]

Identify with the solutions, not the problems, and you become the solution. When you identify with problems. Like, problems are this sticky shit. They're like honey, they're delicious and you want more of it. And they're really sticky. So they kind of get all over you and they become a part of you. You go shower that shit off, man. Like, you know what? It's not going to attract what you want in life. Don't identify with the problems, man.

[Jeremy Newsom]

That's a good, good takeaway. Because we do. When you start making your identity, that it feels good, right? Because it does. Like, you get to place blame, you get to pick and choose, and you just, you get to live in it. And it is, it does feel really nice and comforting and warming.

[Preston Brown]

Oh, man. And it was all I wanted to talk about. It was all I wanted to think about, which. There's nothing wrong with focus, but when you're focused, you've got to like. And let's tie it into, like, the investors that you paid back the 1.2, $1.4 million, you obviously had a problem. And I'm sure for at least some amount of time that problem became part of your identify identity. I'm sure your 21st birthday sucked. But then you went to work and a few years later, you solved the problem. Because you didn't keep the identity of the problem, you adopted the identity of the solution. You allowed your identity to be fluid. Like, I watch you. The way you show up when you're speaking to a crowd or the way you show up with just somebody you're coaching. Like, even if it's just my mom, right? And you don't show up just as you, you are you, but you show up as who they need you to be. There's a fluid identity in the way that you give, where you kind of marry their identity with yours and you develop the rapport. But then you also show them how to be the next person that they need to be to solve it. I mean, it's why people I think around you have just fallen in love with you and developed success with your teachings is you kind of show them a road and you show them a little bit of what's possible. Are you still doing any coaching or is that all sold out and gone?

[Jeremy Newsom]

Yeah, I do. I, I work primarily with individuals, I would say, close to yourself in the Situation of they love real estate, they have a lot of assets, but they haven't tasted freedom yet. Freedom in these, in the sense of I don't have to worry about all the, all the doors, all the buildings, all the houses, all the, the tenants, they haven't automated. Right. They really are sitting in that problem where they're like, I'm rich, but I have no freedom. I have cash. I have a bunch, I have a bunch of doors, but none of them lead to opportunity or to freedom of expression. All these doors lead to something else. And those are the individuals I generally oftentimes help with. And I would say then thirdly is probably, or secondly is probably just generally higher net worth individuals. Because one of my goals is to turn the top 1% into the top 2%. I want to be, I want to be that person. Whereas, like, as you're reading the headlines, you know, they say the rich get richer. It's like, I want more of the rich to get richer so that you can't no longer say, oh, the top 1% have all the wealth. All the newspapers, all the media, they have to say, the top 2% have all the wealth. That's a really fun change. And that's the change that I know is, is coming.

[Preston Brown]

I mean, I believe in that. The way I, I said it the other day actually on a, on a podcast is, it's good to be a minority. Yeah, you know, people are like, what do you mean? I was like, well, it's really good to be a minority. It sounds so triggering coming from like a rich white man. And I'm like, look, man, like, you know, as somebody who studies history and economics and you know, population movements, like the gay population is about 5% of the United States. It's a minority. It's fine. Be a good minority if you want. Like, the black population is about 6% of the United States. Like, people don't realize this. The Hispanic population is growing really quick. Well, you know what? Like, I like our minority. We're the top 1%. Everybody should be part of this minority. I highly recommend this fucking minority. Like, it's the best minority. There's no way to be a victim about it. You get to have whatever you want. You get to do whatever you want. It's easier to get there than like, you know what? I can't go make myself any other type of minority. Like, I just, I really love my wife. I'm probably not gonna switch. I mean, I think you're gorgeous, but you're not gonna be my taste, bro. You're not gonna be the. I'm not going into the gay minority. I just can't. I can't do it. It doesn't. It doesn't drive me. You know? Like, I mean, you know what? Like, it'd be really cool to be black. Less people would judge me for being a rich white guy. But I can't do it. There's no way I'm going to change. So I promote everybody. Go find a way to be the best type of minority. Nothing wrong with any of the others, but if you could just be the top 1%. You know what's crazy? Nobody's going to. Nobody's going to look at you and say, hey, you can't be that if you're this. You can't be that if you're this. You can't be that if they're this. Like, the top 1% represents every single type of people in the world. I know. Wealthy Indians, wealthy Chinese people, wealthy blacks, wealthy gays, wealthy everybody. But you know what? Everyone that has actually made it to that top 1%, you know what? They don't talk about what type of minority they are. I never hear them fucking say it. Like, I've never heard a wealthy person, a successful person in the top 1%, happy, free. Everything else talking about, well, I'm a victim for this reason. Because of this. No, they're just happy to be where they're at. They just love their life. That's the best type of minority to be.

[Jeremy Newsom]

That's one the only time I've ever heard that my whole life. I really like that. That's a fun, fun paradigm shift. That's. That. Seriously, that's cool. That's a great point. It's a really good point. I mean, it's. It's very small. And then when you start talking about the minority of individuals who are at 1% who also are married, great relationship with their wife, great relationship with their kids, and have a good body, slash healthy now it's even a smaller number.

[Preston Brown]

Oh, my gosh, dude. Yeah. And you know what I found about, like, looks, Right? Like, so this is really interesting. Like, in high school, I was probably like a five. I mean, if you're going on that one to 10 scale, 10 being just smoking, right?

[Jeremy Newsom]

Yeah.

[Preston Brown]

And like, one being like, Quasimodo fucking the bell. Like, that motherfucker. Like, you know. You know what happens 10 years after high school? You go into that high school reunion, you're like, look, dude, the sides are great. That's kind of sexy, you know, like. But I mean, I could fucking show up at the gun show. I'm fit, I'm in shape. Like, I may not be, like, ripped like a bodybuilder, but if you're just thin on your 30 year high school reunion, then, then it doesn't matter if you were a five, because now you're a fucking nine or a ten, right? And if you know how to work that one machine at the gym, at the ATM machine, you're even hotter. Like, you can become the hottest person from your high school if you just get fit, have great relationships, make money, become successful, and master the world. Like, I mean, like, I, I was, I was the ugly kid in high school. Like, they were like, man, look at that kid. Fucking giant head, tiny shoulders, looks like a bobblehead doll. Like, what the is wrong with that kid? And you know what? Now I go to my reunion and the buff guy's the fat guy. Like, I'm like, oh, man, you peaked in high school. Sorry. Try the keto diet.

[Jeremy Newsom]

You know, too many calories. You know, they, they didn't go, they didn't hit the gym. That is funny, man. A strong five in high school.

[Preston Brown]

I don't know if I was a strong five. I might have been a week five.

[Jeremy Newsom]

Mid, tier, low tier five. That's good. That's good.

[Preston Brown]

I was, I was, I was giving myself some credit at five. I might have been the four.

[Jeremy Newsom]

Fair, Fair. I feel you, ma'. Am.

[Preston Brown]

Bro. Well, you know, one thing that I loved about you, which I use all the time when I, when I'm working. Like, we have a predominantly Catholic market, and I'd love to go into this with you. Like, I live in El Paso, Texas. Like, huge Catholic population. And a lot of my clients that I coach now and work with, they have this, like, goal to become very successful or they are successful, but they've limited themselves. And you blasted me one time. It was like I'd never seen a room like this where you went through. Jesus was rich. I'd love for you to take us through a little bit of that because it was, it was literally one of the most impactful, coolest talks I've ever heard. I cite you and give you credit all the time. You need to go follow this, this guy because he said these things and just. It was one of the best truth bombs. Can I, can I squeeze that out of you before we close?

[Jeremy Newsom]

Yeah, let's do it, man. Because that's, that's the newest book that I'm working on. I love writing. I'm probably about Seven chapters in. I would love, love to finish that by the end of the year. And it's just something that's just emanating through my soul, my spirit right now. Because I grew up this just my belief. I'm writing the book for me and then probably you right? Like if I look.

[Preston Brown]

Oh, I want to read that one for sure.

[Jeremy Newsom]

Great writing it for me because I grew up believing that Jesus was poor. And one of my subconscious fears was making a bunch of money and having other people know because I, I wanted to live this quiet, humble, non flashy. I didn't want people to know that I was wealthy because they would judge me and they would call me greedy. And since then I've learned that I'd rather be called greedy than broke. But ultimately I had that subconscious belief and I loved my nobility rested in poverty because I thought Jesus was poor. And the more research I started doing and the more questions, started asking, started reading and hanging out with cool people and learning from them is one message really dawned on me. One question that I'd never asked before started popping up over and over and over again. And it was right around the Christmas time when, you know, all the nativity scenes and everything come out. So Jesus, when he was born, was visited by wise men, by magi. And we all think it's three because he was given three gifts, although the Bible doesn't actually say it is definitely plural. So it could have been two, could have been 20. And if it's 20 wise men, visiting Jesus starts changing some of the diameters, some of the parameters a little bit. All right, so if Jesus gets visited at birth by these, you know, wise men, these magi, they all give him gifts. And these gifts are frankincense, myrrh and gold. And a question that no one ever has. Joel Olsteen to TD Bishops like, no one's ever asked how much gold was he given? Because I think it matters. I think it matters a little bit. Because most people, for some reason, I don't know why nativity scenes, maybe it's a little bag of gold. It's like a satchel. It's like a little purse of gold. And I'm over here thinking, okay, I've asked Preston this question. Like, Preston, if Jesus, if you were going to go visit Jesus on his birthday, how much money would you give him? How much gold would you give Jesus?

[Preston Brown]

If I was compelled by angels to go meet the king, compelled by God to go meet the king, like I, I would, I would give all of it. I'd Be like, you know what? I, maybe I'll. Maybe if I was a little concerned or fear based person, I'd keep a little bit to make sure my family's okay and go tithe the 90, like tithe the nine to keep the 10. Like you're like, God is sending angels to compel you to give to this guy. Like, I would give as much as I could.

[Jeremy Newsom]

So you're saying it's probably more than the sack is probably more than a little bag of gold. And gold, the ironic part is of those three resources, 2,000 years ago was the least valuable. It was the easiest to get, it was the most common currency. So the gold probably was in excess of £50 most likely.

[Preston Brown]

Because I think that's the kind of the standard historical gift for a new king.

[Jeremy Newsom]

Correct. A basic, hey, thanks for being a king, we appreciate you, you're cool. Here's some gold, right? 50 pounds. And these, these wise men traveling from, you know, at the time Jerusalem to Bethlehem, that's only a 6.2 mile journey. So the distance that they need to travel is not very far either. So they also don't have to take a huge risk on camelback. So they can load a bunch of camels with a bunch of gold and frankincense and myrrh, which are also very, very viable. Shit, they're viable now, so they're very viable then. And then, of course, to not only. I mean, how do you, how do you even make frankincense? Like, I don't know how to do it. I'm not a chemist. Two thousand years ago, it was probably even harder. So you have to make it, carry it, transport it in the desert. It's hot, so you got to keep it contained. You have to have enough in case something evaporates. You gotta be very careful with it. What if we have a different distinction? What if at that moment in birth, Jesus is just getting gold after gold after, like treasure chests, hundreds of pounds of gold delivered in this manger, along with frankincense, along with myrrh. How does that change our perception of Jesus? Because ultimately what happens is a lot of people have this unique disdain for, for trust fund kids, right? They're like, oh, they're born into wealth. They didn't have to work hard for their money. And so it creates this really unique, I need to do all of these things in order to receive wealth. But what if, like Jesus, you were just born enough? What if you were born in the image of God, in God's likeness, you were born in the image of love. And you were simply born enough, and you didn't have to do anything other than just simply open up and receive. That's exactly what Jesus did. And he received, in my opinion, hundreds, thousands of pounds of gold, frankincense, myrrh, and he was born as a trust fund baby.

[Preston Brown]

Well, and it doesn't not make sense either because, like, when you look biblically, the wise men didn't wind up going straight to Jesus. They actually went to King Herod first.

[Jeremy Newsom]

Correct.

[Preston Brown]

And this guy, this, this king got so triggered, right? He decided to kill every firstborn son. Like, that's just like, if we think politically, like say, say Trump was like, we're gonna kill all firstborn children. You're not gonna get reelected. You're done. Like, as a politician, if you're going with that level of risk, like that type of decision, the only reason you take a risk that big is if you saw a threat that was bigger, like maybe a new king that was wealthier, that was more successful. So, like.

[Jeremy Newsom]

Oh, that's good. That's right.

[Preston Brown]

That's good.

[Jeremy Newsom]

It's exactly right. There's some other person being born with more power, more wealth, more capacity, more ability, and King Herod knows it at the time, right? And so that's.

[Preston Brown]

It's so huge. And then, you know, what was Jesus's dad a carpenter? I mean, I guess I'm a carpenter. If we look at what I do with the building homes, and I don't think historically they were poor. Nope, I'm doing okay.

[Jeremy Newsom]

And even more than that, it's Jesus, right? So Jesus dad's a carpenter. They're probably doing pretty good work, right? They're invoicing appropriately, they're showing up on time, they're billing adequately, they're not lying. They're doing true work with individuals, with people, with products. And I mean, he's so well known for doing that work, right? Everywhere that when he went somewhere, right, the they were like, oh, this is Jesus from Nazareth. Like the son of the carpenter. Like, people are aware of him as he travels for his job, because he's probably so good at it, meaning he probably does pretty well at that job. And then it just, I mean, it goes on and on and on. And we start seeing the Bible from this lens of Jesus was loaded, absolutely loaded the entire time. And it was his disconnect from money that caused Judas to turn him in, right? It was the disconnect where he had so much, didn't care about it, it didn't identify. Right. He didn't need the money specifically to do anything. And yet the best part is, even though he had so much, he was still willing to receive from others for doing miracles.

[Preston Brown]

When we had this conversation, like, I. I mean, I had my head blown wide open. And, you know, like, I'm. I consider myself a good Christian. Like, I mean, I. I want to live the most Christlike life that I can. Like, I mean, I think Jesus was like, Jesus is a paradox. I've always looked at Jesus as kind of a paradox. If God's God, then why did he need to send his only son to save our sins when he could have just snapped his fingers? Well, God could have just done a thing. He could have just snapped his fingers. He sent his son because he truly loves us and wanted us to have the story because facts tell, but stories sell. And he wanted to sell us and give us a guide that was at our own level.

[Jeremy Newsom]

Come on.

[Preston Brown]

I mean, I think that we. We bastardize the gift of Jesus because God sent someone to us at our level that was, like, our equal. He was a human just like us. Now, he might have been praying perfect in his own right, but he was at our level. Like, if God's up here and we are all dirty rags to God, he sent us a guy to look eye to eye. He sent us a brother and said, walk this walk. Live this life. Be this kind of person. And, like, so I. Like, I loved everything you said, but I went and I verified it. And, like, it's biblical. Like, all of the things that you came out with, they're biblical. Now. People latch onto, he rode in on a donkey. Well, lots of broke guys riding on a donkey. Nobody's writing a story about that. Yeah, nobody's writing a story about the broke guy riding in on a donkey. You write the story because the rich guy rides in on a donkey. The manger wasn't because they couldn't afford the inn. It was just full, right? Like it says it was full.

[Jeremy Newsom]

Yeah.

[Preston Brown]

So I'm like, wait, whoa, gosh, you hit the one on, like, what was Judas's job? So I went and researched this. I didn't know this before I talk to you. He's the treasurer. Money's mentioned more times in the Bible than Jesus was. Jesus said, given to God. What is God's given to Caesar? What is Caesar's? The only guy that got triggered by money was the treasurer.

[Jeremy Newsom]

Correct.

[Preston Brown]

Judas was a lesson.

[Jeremy Newsom]

Correct.

[Preston Brown]

I mean, all of it. And it was like, wow. And then it hit me. I was like, man, the people that Tell you that money is so evil are the politicians and the church is. Yet they want all of your. Oh, wow.

[Jeremy Newsom]

Because if you have money, you have freedom of choice, right? That's the. And you can decide to do things differently. And that's what made Jesus so powerful. It's exactly right. Because he had access to so much and it just was so easy. I mean, man, he created it numerous times, right? Numerous times he created wealth out of thin air. When Peter was stressing out about paying taxes. One of my favorite stories about the whole wealth, and this is chapter six of my book, he was like, hey, man, go. Go catch a fish over there and open his mouth. You know, And Peter goes and does that and opens them, and there's not one, but two gold coins in that fish's mouth. Enough to pay the exact amount that he was stressing out about. And what's amazing about that is I love how it was two, because one, people, like, you know, the haters, they can, like, oh, well, you know, a fish found a random gold coin and swallowed it. But two, right now you're like, okay, that is a miracle. A miracle of manifestation. Creating it out of absolute thin air, showing how easy it is. It's just so simple. It's so readily available. And I've caught thousands of fish in my life. They've never had anything in their mouth of value. I think that was just such a phenomenal representation. And there's just so many, again, additional, additional examples of wealth and abundance. And what it does is it. It removes it forcefully. Will remove your scarcity mindset of I can't give enough. I can't give. It makes you. It makes you step into I need to give more. Because I actually believe, I actually have faith that God is a God of infinite. That I can have everything that I want and need for my family. And there's always more. That's how infinite works. It's never ending. We can always have enough. And when you start thinking about that, when you start stepping into faith versus fear, you really start asking for more. What I actually fully believe, the reason that most people aren't getting what they're asking for is it wouldn't truly sustain them. So they're not giving it because it's not enough. They're asking for too little. They're thinking that this, whatever, $5,000 a month is going to solve their problems when God knows that's not the case. That's like if you're, you know, a child and your child wakes up and he wants ice cream for breakfast. Yes, it is calories, but it's not going to be a sustaining calorie. It's not going to be a nutritional calorie. It's the same type of calories, but it's not good enough. However, if both, I mean, both of us are dads, if our kid at five in the morning asks for, hey, dad, okay, how about this? How about this? Instead of just ice cream for breakfast, what if I have, you know, my pancakes, my eggs, and maybe just a little bit of ice cream? She'll get the ice cream. And now you're getting more because you're asking the right way. You're asking for something that's truly going to sustain you. And I think that's just such a fantastically interesting principle.

[Preston Brown]

And just because I know how people listen to you, I want to put a disclaimer that we are not endorsing ice cream for breakfast on this podcast, although I do recommend it. Life's uncertain. Eat dessert first. This is not health advice. That's right.

[Jeremy Newsom]

That's right. We just, we gotta ask for more. I mean, that's what's really, really remarkable is I think most people just are afraid of really asking. They think they need something, but they're not asking for enough.

[Preston Brown]

And I think it's funny because when people ask, they ask for. You know, you get two, well, three types of people, I guess. You get the people that don't ask for enough and then you get people that they just want it without the lesson. Like, God didn't send us here. I don't think, and this is my own belief, just so we could go have everything, he gave us this double pronged meaning of life. One is love and one is problems. So God's not going to just give you the riches. He's going to give you the opportunity to get the riches and you're going to learn how to create. He's trying to create you in his image. You get a choice on whether you're following along or not. You don't have to do the curriculum. You can say, no, no, you're wrong, I'm right. I'm gonna go listen to society, not you. But like, his image is not a dude on a cloud with lightning bolt. It's a creator. Right? Like, I mean, it's really interesting because people get triggered about these topics all the time. And I wonder why they get triggered. I mean, to me, I'm like, you know, one of the best lessons I ever got in life was I can't get angry. And when I Get triggered. I get angry. Some people get triggered. They get depressed or sad. I mean, but it's effectively 6 is 1/2, dozens the other. It's the same. It's a negative energy or emotion, right? Like, if I get triggered and I get angry, then I realize, well, I can't get angry without feeling the need to be right or righteous. And then I start sitting back and thinking, well, if I need to be right or righteous, then I haven't removed what about me? From the equation. Oh, wow. And normally, when I need to be right or righteous, it's because I'm believing something I was told and not something I researched myself and dove into. People will be like, you can't say these things. It's blasphemous. Like, you're questioning God. I'm like, well, what do you mean? If you. You're supposed to question God, why wouldn't you go to a Bible study? A Bible study is asking questions and getting answers. Like, you're supposed to question God. Didn't send you here. Not to correct. Faith is something you create. It's the most important thing you create. And it always requires a paradox. Like, can God create a rock so big the God cannot lift the rock? And the answer is yes. The answer is also no. Like, like they said, with the faith of a mustard seed, you can move mountains. Well, what if moving mountains doesn't mean, like, picking them up and throwing them around, but what if it means crossing them? Like, there might be a chasm in the middle, but if that chasm is only the size of a mustard seed, you ain't falling in. You can walk right over.

[Jeremy Newsom]

Right?

[Preston Brown]

You need the faith of a mustard seed. You got to find both pinnacles that you get. Truth.

[Jeremy Newsom]

Yeah, ma'.

[Preston Brown]

Am.

[Jeremy Newsom]

It's the law of abundance. And what will happen is you start tapping into that, you're going to feel a different way. When you feel a different way, you're going to have a different frequency, because what you do frequently becomes your frequency. You start studying, analyzing, thinking, pondering, creating. To your point, you're going to be in a frequency of creation. If you're in a frequency of creation, you're going to create more. And when you create more, you're going to have more value. And you have more value, can become wealthier. It's a very simple formula. It's extremely simple.

[Preston Brown]

You know what I'm loving about this? This conversation and this podcast is a lot of my podcasts. Like, we're going into strategies, we're going into tactics, we're Going into, like, little hacks that people can do, and that's good stuff. Like, there's nothing wrong with that. And I'm not jogging or demonizing that. But you know what this podcast really is a good analogy to? It's an analogy to the conversations you and I have in real life.

[Jeremy Newsom]

Yep.

[Preston Brown]

We're just doing it on air and online and shooting the shit and talking about something for other people to listen. But we're doing it the same way that we do when nobody's there. And what I would like a lot of people to hear in this, because I think it's incredibly profound, is real people that have generated significant wealth. The people that you should get around, the people that are moving and shaking, they say, measure a tree by its fruits. The one ones with real fruits that you can go get close to, and you can see they're genuine. You can see their marriage is great. You can see their kids love them. You can see their businesses doing well. You can see all that. If you can get close enough to see all that, they're not always just talking about money. Money is normally what's on the hook to get you close, because that's the thing you want. But when they do get you close, these are the conversations that ensue. It's about the real life stuff, the eternal stuff, the importance of stuff like, how do I raise my kids? How do I be a better husband? How do I, you know, for women, how do I be a better wife? Like, you know, how do I create something lasting? Like, not just, you know, you. You've talked five or six times about, how much more can I give? Like, and I want to point that out, because you don't look at what you can make. You look at what you can give. And it's so cool to be around people like that, because the moment you get like that, you become gravitational. But you don't get like that if you're surrounding yourself by people who. And scarcity. And, you know, it just. It just hit me, like, right now that, you know, I actually had a negative thought. I was like, fuck, man. We should be going more into strategies and tactics, like I always do, so that we can give people something to go gravitate to. And then I was like, well, no, no, this is happening exactly how it's supposed to. Like, you could go drop five pearls right now, and everybody that listens could make a million dollars. I could do the same thing. But you know what they should really be doing? Listening to this, because this is the real life. Like, when you get into the fucking room and you're done with the seminar about the strategies and tactics and you're hanging out at dinner, these are the real conversations. Like, this is what people talk about. So, dude, thank you for just showing up like, like this. Now I want to make sure that we end this on a note of people can get a daily dose of you. Like, where do we go to find the only good Newsom that has ever blessed California.

[Jeremy Newsom]

You know, man, the easiest place to get ahold of me. I got, I got all kinds of cool content because I like creating content. It's fun for me. I have a great podcast that you've been a part of, which was remarkable. It's called Solving America's Problems.

[Preston Brown]

How was my buddy that I argued with on that show? That was funny.

[Jeremy Newsom]

Oh, it was great. Yeah, he's salted.

[Preston Brown]

He insulted my jet. I really liked the guy. Now I have a bigger jet goal. I was like, man, that sob, he's like, what, you just want a five billion dollar jet? I was like, man, I gotta raise my goal. I know.

[Jeremy Newsom]

Yeah, Alex, he's awesome. He's. He's a funny dude.

[Preston Brown]

Tell him I said hi. You have to tell him I said.

[Jeremy Newsom]

I will, I will. I'll say the guy with a smaller jet than you says hi. Yeah, that was cool, man. He was going to do great. So solving America's problems. I also have a podcast called Broke to Awoke. You're welcome to pop that on any place that has podcasts, Instagram, all the social medias. Just make sure there's a blue check mark. I have tons and tons of probably like you, tons of impersonators that reach out to people and ask them for bitcoin because they're going to double their bitcoin. So they send them one bitcoin, they'll send you two right back. That's not me. I'm never going to double your bitcoin. Don't ever send me your bitcoin. It's not me. Just make sure it's a blue check mark. And jeremy newsome.com I think with everyone else it's with two R's because my dad's name was Jerry, so it's Jerry and me. That was my mom's gift. So just track down Jeremy newsom.com Instagram, Twitter, YouTube, all the, all the places.

[Preston Brown]

I love it, man. Dude, thank you so much for coming on.

[Jeremy Newsom]

My pleasure, man.

[Preston Brown]

I know, I know you're a busy guy and it's not easy to get on your schedule. You're out there changing the world every day and raising those kiddos and taking care of Svetlana. And you're just, like, out there kicking butt and taking names and living the life that anybody who knows you wants to emulate. So, dude, I really appreciate you giving us and our listeners some time, man.