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Jason
I drive my bus in a busy city. That's why road safety is so important to me. I know that I must slow down and be extra careful when I make a wide turn. Buses need more room than cars. Everyone can help keep our roads safe. Next time you're driving, remember to give buses plenty of time and space to finish turning before driving ahead. Let's all plan to share the road safely. Learn how at www.sharetherodesafely.gov.
David
In a world full of noise, long
Jason
term thinking stands out. On the Capital Ideas Podcast, Capital Group leaders explore the decisions that matter most in investing, leadership and life. It's a rare look inside a firm that's been helping people pursue their financial goals for more than 90 years. Listen to the Capital Ideas podcast from Capital Group, published by Capital Client Group Inc. Making that 30 minute Thursday. We are back. I got David here. We got a lot of action here. Kentucky Derby met gala. We got Hawks bachelor party coming up here soon, which I got a funny business story for you regarding that one. We're going to we just had the CEO of Tommy John on. We got Kyle Cook coming up next week. Parents for the first time in 37 years came to visit me at my house. My first house. Lot of action. David, how you doing? Where do you even want to start?
David
Well, you, you teased the whole thing and you, you touched on all the things that we're going to touch on, which is always good to see that we're yinging, you're, we're yanging, we're on the same page. But listen, also, you missed something. Sabers, Sabers playoffs. We're in it. 30 minutes of puck drop, game one. How you feeling about the series? Can I get a quick prediction?
Jason
Man, I felt so good about our first series against Pittsburgh. I need to see the puck drop. I need to see how we match up. I would say this is a 50, 50 matchup here. I think we're looking at a coin flip. I think we take it in game seven. But I do feel like playing in Montreal. Going on the road to Montreal is going to be an absolute nightmare. But Buffalo Sabres in 7, 4, 2 final in game seven.
David
Wow. That's a very, very direct prediction. Listen, I'm a little torn here. I've been, I've been a new Buffalo Sabres fan this year, watching them come back. I've loved it. But I do have the rule. You've heard me say it. I cheer for teams that have kids that I coached on and I coached Lane Hudson for a year, the star defenseman for The Montreal Canadiens. So I'm torn either way. I'm just. I'm happy to see someone win at the end. It's going to be an electric series. Nothing like playing playoff hockey in Montreal. So the fact that we're. We get to absorb that as fans is going to be extra special. I think the Sabers are going to take it, though. I do think they'll take it. I think it's going to be Sabers in six.
Jason
Sabers in six. I like it where you coach him at.
David
The North Jersey Avalanche. Lane lived with me for a year in my house as one of my billets when he was 15 years old.
Jason
Good kid or ship bag?
David
Unbelievable kid. Unbelievable. Nicest kid ever. I'm so proud of him. I lived with his older brother, Quinn Hudson, who's in the Edmonton Oilers organization. But I was texting Lane last night, texting him.
Jason
Good luck.
David
I said, all the people in western New York are saying that they have. Are dead. So you gotta. You gotta show me something this weekend. But I'm super pumped just to be able to see him play on this, on this stage. It's going to be an unbelievable series. Round two playoffs in Buffalo.
Jason
Fun fact. You're going to hate me for this. I had two tickets from the NHL to go to the game tonight. Could have brought you, but then wanted to get up. I have to be in New York tomorrow and I just have so much on my plate right now. And I was like, I got to make a big boy decision. If they keep going, I'm going to go. But I just couldn't pull it off. But sooner than later, you know, Curious Canadian night. Hopefully we'll get to a game.
David
Yeah, you. You just as. Listen, I'm not going to hate you. As long as you keep me as that plus one in mind, I will. I won't hate you for that.
Jason
So.
David
And guess what? I started day one of a 72 hour bone broth fast today. And so I would have been no fun at the game even though I would have broken the fast. But I need to do the fast right now. You need to shed some pounds.
Jason
As a guy who shed about 14 pounds in several days that I can't speak about right now. I would say after three days, no problem. Just don't think about it. I think the biggest thing is if you're doing a fast, make sure it's healthy. Talk to your doctor before you do it. The biggest thing is if the food isn't like in front of your. That's where I have a Problem. It's like when I'm like, you know, running around the house and the food's like beautiful cookies. Like I did a story about it today. There's these beautiful cookies, cookies by Joelle. They're sitting in this like perfect thing Catherine's got. It's like, how are you not going to eat that? It's like it's right in front of you.
David
Disrespectful.
Jason
Have it in front. Yeah, it's just if it's not in front of you, out of sight, out of mind.
David
I'm telling you, just got to stay busy. That's how, that's how you don't eat. But listen, if I was you and I had to do Tommy John campaign, I'd be on a 72 day bone broth fast. But you had an unbelievable campaign. You've touch on it a little bit on this podcast. Now we have the CEO of Tommy John on here, Tommy John himself. And it was, you know what? It was an awesome, awesome episode. One of those ones that gets back to our roots of the true essence of the podcast. And he referenced our podcast as something that he's found is inspirational and motivational. And just to hear him say that and learn a bit about his experience and what he's been through and some savvy business moves that he made was really like, I really, really enjoyed the episode. I think I needed the episode. I think I needed it with all the reality TV gossip and stuff that we've talked about and will talk about, I needed a wholesome business success story in the version of Tommy John. I thought it was a great, great episode.
Jason
Jason, it's the nuts and bolts of what we do, right? You think about, he started this business liquidating his 401k with his wife, gave something a shot, corporate wasn't working out. Now it's $100 million plus company. I mean, it's really the nuts and bolts of how we got there. But what he did, what he's doing now, how to differentiate. And there was nothing, like he said, there's nothing special about me. I just worked hard and took a shot. Anyone can do it. And I think that's really cool. And to your point, it was interesting. I talked a little shout out to Peggy Mord. I was with her this weekend. She's an avid listener of our show and it was funny to hear her be like, my mom was dying with the John episode. She's like, oh my God, I thought that was the funniest episode you guys have ever had. Which was pretty much all the feedback we got. Hilarious, hilarious, hilarious. A good take from Peggy was like, listen funny and stuff. But that's not why I listen to your show. I don't listen to Trading Secrets to get this comedic. Hahaha. Like I, you know, I go to I want to hear your story, I want to hear the money, I want to hear how you got there. I want to give me the nuts and bolts. And so for our listeners that like, that's why you come here. This is a great way to come
David
back to it 100%. And a couple things that he said and that were maybe non traditional things that you hear on every episode, but when you really think about it. All right. I thought it was really interesting to hear him say that the best time to start a business is in a recession. Is that a common theme in the business world or is that more of like makes you think and be like, huh? I could see how that could be true.
Jason
Well, we've heard that a couple times. Ryan Serhant, the first time he ever came on the show, he was an actor and model trying to hack it in New York City, failing. And the way that he started in real estate was when the mortgage crisis happened. Like no one got into real estate in 2008. That was unheard of. But when you think about demand being low into an area, that's where there's also opportunity to skyrocket. When no one wants to be there and you're there, it gives you an opportunity to learn quick and lear fast. So there definitely is something to that. That's not only the first person that said it, now the second. And look at Ryan Serhant and look where Tommy John is. That company's crushing, so clearly there's something there.
David
I'll be the third. Because we started BK the Hockey Academy in the middle of COVID When everyone was shutting down, we were like, wow, we have all this invested time and money and, and, and people. So we went everywhere and played everyone and put ourselves on the map. So when people were sitting on their homes at Covid wishing they were playing, we're like, who's this BK team playing? Everyone, beating everyone. So I, I felt that a little bit. One that I did love. And I've never really thought about it this way, where it was at the end of the episode and he was talking about making money, he goes, you know, I, I really have just made money because of the passion. He goes, at the end of the day, the passion of the, this industry, of the business, it led me to the money. He goes, I'm more impressed with people that can make money and do something that they absolutely hate. I thought that that was a really interesting justification of, like you said, he's not a special guy. He's not the smartest guy. He just worked really hard and had some good ideas. And you could tell how incredibly thoughtful he was in his approach. The stories that he talked about, about going into Nevada and Marcus and getting to know the sales associates and having those shirts ready on hand for a guy who was trying on a suit, and he's like, hey, do you want. You want to try this undershirt? And he goes, I'll take 18 white, 18 black. I just thought those stories are like, he's backing it up. That isn't just a genius move. You don't have to be the smartest guy. You just have to be someone who's absolutely obsessed and dedicated with their craft. And he stumbled into opportunities like that. And if he didn't have that. That aha moment, like, oh, my God, I just sold 36 undershirts. There is something here who knows where the company goes or doesn't go.
Jason
I also like when he talked about just the idea. I don't want to look back in my life and be the one that had the idea but didn't take the shot to do it. And so maybe that's motivation for anyone that's listening right now, if you have that idea, go fucking do it. Go do it. And if it doesn't work out, who cares? Go do the next thing, but take the shot. Speaking of taking a shot, David, when my parents visit, I feel like every time I see my d. He always asks, every single time, without fail, hey, so has David found his crypto yet? And I'll tell you, for any of our traders out there, people that are interested in finance, Bitcoin has Now surged over $81,000 per coin as. As we're recording this. So, David, to answer my dad's question, have you found the crypto yet?
David
I've made steps, okay?
Jason
Steps.
David
I haven't necessarily found it. I have a fear in the steps that I've made that there is no more crypto to be found. So I've made steps. I don't have confirmed negative news. I don't have any positive news, but I've. I made steps to get a little bit of a realization. So, no, I don't know. I don't think about it at all. Until your dad visits you, and then you bring it up to 50,000 people every single time they listen to the podcast. So I haven't yet. So thanks for that. And you know what, your dad, GARY I hear you. If it's a chirp, I deserve it. But we're going to we're going to hear a little bit about maybe some chirps he was throwing your way as a new homeowner there, putting your handyman things to the test.
Jason
He was throwing chirps. Before we get into that, quick little update, as of today, markets close reaching all time highs. There was some speculation that the war in Iran was closing up with a potential deal. And after markets closed, Donald Trump did come out and say not so fast. They have not accepted our proposal and if they don't accept it soon, we'll be bombing them. Now what's interesting is the price of oil per gallon went and dipped under under a hundred dollars per gallon, which is a good sign, which is why airline stocks were absolutely ripping and roaring today. But you know, it's really interesting to see how this is all impacting on the United States, but the overall global economy more to come. Hopefully there's a deal here sooner than later. The sooner there's a deal, the sooner the overall economy and outlook for the future will be in a better place. So more to come on that, but we can go right back to mom and dad if you want to.
David
DAVID well, airline stocks, RIP and you said maybe a little too little too late for old Spirit Spirit. RIP Spirit Airlines.
Jason
RIP Spirit Airlines and what's interesting is before today, a lot of the airlines were giving us estimated dates as to when they just truly could not afford oil anymore. So as the futures for oil, right. Think about we can have a look into what the price of oil will be that can help these airlines think about what their cost they'll assume will be with me keeping it very 101. And as those futures go down, obviously the the stocks will go up, up because it increases their profitability and ability to just think about it, perform day to day. Like the biggest piece of the airline business obviously is compliance operations and the cost of fuel. So a lot of moving parts with this war. We'll see what happens. We'll keep you posted as we talk about this stuff on 30 Minute Thursdays. David anything on on that topic before we kind of wrap it?
David
No, I think that that's a good little summary. RIP Spirit Airlines 1 more thing that
Jason
I do want to talk about is retirement real quick. There's an article that came out today. According to Northwestern Mutual Survey, Americans think the the magic number for retirement is $1.26 million. And the top 10% are on track to reach and surpass that amount. That's data from the Federal Reserve's most recent survey of consumer finances, which is published every three years, shows that the median retirement savings for the top 10% is now over $900,000. In contrast, the median savings across all households with retirement account hovers just over $87,000. So we are starting to see, especially with the markets moving up, there's becoming a huge discrep, the wealthy and those in the lower class here, and that middle class is shrinking by the moment.
David
But is that, is that saying, just to make sure I'm on par here, 1.26 million is the target number for retirement. So at 80, at 65 years old, people are hoping to have 1.26 as the target in their 401k. Am I reading that right? Am I picking, picking up what you're putting down? Not quite.
Jason
You're. You're kind of picking what I'm putting down. Well, the most Americans are saying that they think that's the magic number. And so when 65, you want to
David
live to hopefully 90. That's 25 years. Quick, math, math. 1.2 divided by 25. Don't have that math in my game, but you do. So the number is.
Jason
What was the question?
David
Well, 50,000 a year would get you 20 years would get you a million dollars. So 1.2 is another. Okay, 24,000. That's pretty good math.
Jason
Yeah.
David
24 years of 50,000 is an annual salary, probably not enough.
Jason
48,000.
David
Yeah.
Jason
1.2 million divided by 25 is 48,000.
David
Okay.
Jason
You know, there you go. But you also got to assume that you're going to live off the 1.2 million. Let's just suppose you have 1.2 million in retirement, and that S&500 on average returns 10% a year on average since inception. You can make 120 grand a year off that 1.2 million. Rob Gronkowski just talked about this on a podcast. He was like, I grew up frugal. I grew up using my brother's equipments. I didn't have new anything. So when I looked at my contract and I was like, wait, I can make 4 million bucks in four years. I'll be able to save like 1, 2 million and then do appearances and stuff, get another million if I get 3 million bucks. Rob's like, the way I live, I don't have to work again. I'm 24. And he talked about the fact he didn't have to spend any endorsement money.
David
How much money do you have in the old S and P there?
Jason
I got a lot of money in
David
the s p. Yeah. 10% is. Is annual.
Jason
10% is the annual return since inception. Like, there are years where.
David
Right.
Jason
S P500 is down 20, 15, 12. But if you look at since inception, which I believe is like 1940 something to 20, 26, it averages 10%.
David
Okay, good. S P. Love you. See, you're backing it up. Talking about it, backing it up, loving it. Now you got the house. You're. You're investing in the S P now you got the house. Listen, I think it's just going to be a trending topic here. Parents come to town, first time they see the house. Talk me through it here a little bit. Was it a. Aha moment? Was it a holy moment? Was it, oh, my God, I'm grateful moment? Was it? I mean, talk me through it. That's a special time.
Jason
Yeah. Honestly, it was a very, very special time. It was. I think they've seen pictures and stuff, but, like, it's even better in person. They loved every bit of it. I feel like they're very particular with what they like and what they don't like, and they're so complimentary, and they love the flow of it. They love their room. They love the work that Catherine's done on interior design, which she's done a fantastic job. They just were just so, so happy about it. My mom had said she's like, you know, so many times I would come visit you in Nashville, and when I would leave, it would hurt me to leave because I'd be thinking about, he's there by himself or he's lonely, or I don't like the situation he's currently in. And she's like, leaving this time was so easy and refreshing. She's like, you have an amazing partner. You have an amazing house. You've worked so hard. You've built this life through, going through a lot to get here, and you've got here. And just as your mom, as I. As I leave that driveway, I'm at ease, I'm at peace, and I haven't really felt that ever. And so, like, that was. That was quite nice.
David
That's amazing. That's an amazing feeling, and you do deserve it. And I know how much she probably means that and has felt that and wanted to feel that and say it. So she's probably so happy to be able to say it. How long did it take your dad to get the tools out? Was he. Was it immediate?
Jason
Instantly. Dude, MacGyver Junior can't stop. I mean, literally, this guy is just an absolute beast. He's so good. But you know what's interesting? Growing up, I didn't have an interest to learn this. I'll be real with you, I didn't. And I don't think. I don't want to take a shot of him. I don't know that he had the patience. You know what I mean? But I didn't have the interest. So he would say that combo teach you this stuff. And I'm like, dad, I didn't want to learn. I didn't have the patience. And you were just doing your own thing. And my dad's just that kind of guy. He's a checkpoint. Like, get it done, get it done. And he just knows how to do all this. So do you.
David
Do you think that. And I'm gonna use you as an example here. Our dads are so much more handy and those types of things. Like, it's. It's incredible. Like, your dad goes through that house, he's opening up boxes, and he's going in the attic, in the crawl space, and he's finding the piping and the wiring. You're like, what the. Like, I. I'm useless. Like, I won't be able to know any of this stuff. Do you think that you'll be able to pass your financial knowledge and your. Your. Your investing knowledge in a way, to your son one day or your son or your daughter's like, like, holy. Like, I'm really good at social media and technology and, like. But I don't know. I. I don't know any of this. Like, if. Do you think that's the thing that you're going to be able to kind of like, pass down, that your kid has no chance of, like, understanding or learning at the level that you do?
Jason
Yeah, I mean, like, like a lot of technical stuff, especially, like, construction and things like that I've never been interested in. I've never, never wanted to do it. You know what I mean? What I've always been interested in my whole life is, like, building businesses and, like, finding areas to grow with, like, financials and, you know, just like, I. I know marketing has always been interesting. Sales has always been interesting. So the things that I've acquired over the years, I'll be able to pass that down, but I won't be able to pass things like cleaning your gutters or building a home or put, you know, Like, I just won't be able to do that. You know what I mean? Part of my. I remember the first time. This is stupid. It is stupid. But I remember the first time I ever learned what opportunity cost was. And the example are, professor gave us her teacher because it was in high school. He's like, if your lawn takes an hour and a half to do, and you could pay someone $40 to do it because the value of your time is more than $40 for an hour and a half, that is opportunity cost of time. And I remember the second his name, his name was Mr. Wright. He said that I was like, in my life, I want to be the person that has valuable time enough that like, I don't have to mow the lawn. That was just my thing that I don'. Why? So, like, maybe those are the things I'll pass on, but it certainly will not be hammering a nail into a wall and using a stud finder and going to Lowe's and building a tool kit, which I did for the first time. Bro. Tools are expensive.
David
So expensive. And it's like you got to buy so many different sizes and things. And it's like, I don't, A, I don't even know how to use that. B, I don't even know how. I don't even know what to use it for. See, you're telling me that I have to get it just in case the pipe burst the one time. Listen, if a pipe bursts, I ain't using a tool. I'm using the phone, which is my tool, to say, someone help me the hell out because I am underwater.
Jason
Exactly. I mean, dude, I had this starter pack like that, you know, like the kid who goes to school for first grade for the first time, he gets like his little crayons and pencils. Like, I had the first grade tool kit, starter kit, 750 bucks. I'm like, I didn't buy it. What did I buy? A screwdriver.
David
Carter has more tools than I do. My 3 year old son has more tools than I do. I'm an absolute joke when it comes to that stuff.
Jason
Yeah, dude. Oh, it's so bad. But you know what? I will say, the cool thing is you, when you own a house, as you know, you own a house, you have no choice but to learn. I don't want to learn. I hate it. I can't stand it. But my God, do I know a lot more about a home than I ever did.
David
Then you're, you're just getting started. Wait till you go through all Four seasons. Because every time you have a season, something else pops up. My pool guy's coming tomorrow. I got to open the pool, which is like, ding. I got to go get the chemicals tomorrow. My lawn guy finally came. Speaking of this funny story, lawn guy, cost of opportunity costs. I have a great long guy. $40 to cut the grass. One thing that I'm glad to say, like, hey, if I have two hours, am I cutting the grass or am I going golfing? I don't get that much sunlight in Rochester. I need to go golfing. So there you go.
Jason
Right there. Oh, yeah.
David
I also was at the casino this weekend with Hawk for his mini bachelor party because of the Rochester guys who couldn't go to Portugal for his bachelor party. We did it this weekend. We went golfing. We went to the. The casino. 1:30 in the morning, we finally get on the craft table. I look to my left who it is. It's the guy who cuts my grass. And I hadn't seen him yet. And he's like, I gotta come over. I was like, oh, it's all good. We play crafts for half an hour is a great time.
Jason
Did you give him 40 bucks? Give him your.
David
I should have. I should have put.
Jason
Put it on advance there.
David
I should have.
Jason
That would have been smart. Just. I'm not gonna say the brand or the deal. It's a dream brand. It's professional sports. I'll stop at that. I just pass. And maybe there might be a chance to do this deal later, and I'm really hoping there is. I passed on a $75,000 deal because it was the weekend of Hawksbacher.
David
Where is it? Can I step in? They want. They want. They want to put a 7.5. I'll take a 10%. I'll take 10% of it.
Jason
I know it's in England, and I'll leave it at that, but that one hurt. But the right move, but. But we'll get it back.
David
Somehow.
Jason
We'll get it back.
David
Casino was good to me, though. It was good.
Jason
How'd you do? Did you win?
David
Yeah, we won some money.
Jason
What'd you play? Craps.
David
I learned some new games. Mississippi stud. New game. Learned it.
Jason
Great game.
David
Yeah, it is a good game. Played blackjack, roulette, craps, but I won my most sports gambling in the sports book.
Jason
That's a really quick transition to Kentucky Derby here. I mean, a 231 winner. The Tampa Bay Lightning owner also has ownership in this horse, the first female trainer to ever win the Kentucky Derby. Pretty cool to see that horse come from behind. Of course, you're seeing all the trends go out of, like, just keep your blinders up, keep going, ignore what's around you. Just keep focused, ignore the noise.
David
Had to have been the first legitimately last place to first place in a race. Kentucky Derby winner. I mean, I can't imagine that that's happened ever before the horse was legitimately in last place.
Jason
I remember when we were in college, there was that one horse, I think it was called Mind that Bird, which was like a 50 to 1 or something like that. And that was something like that. But literally to come from last place, that was wild.
David
Also heard that there was only one horse in the entire Derby that wasn't the direct bloodline of Secretariat.
Jason
Did not know that.
David
Yeah, I think that was a John Gurney fact on the trading secrets call this week.
Jason
Interesting. Yeah, that's fair. And, you know, another thing on the horse racing front, I will tell you, I've learned a lot from Catherine's side. You know, I've always enjoyed horse racing, but on the animal welfare, it's not. She's got a lot of arguments against it. And once she brings the arguments out, I gotta be honest, as a guy who likes to argue, it's. Yeah.
David
Tough one.
Jason
Tough. It's a tough one. It's a tough one to debate.
David
So you got the, you got the Kentucky Derby, you got, you get all the people wearing the fancy hats, the fancy dresses. You also got the Met Gala this weekend too. Talking about fancy hats, fancy dresses. What in the were some of these people wearing? And listen, maybe this is a, a poor take for me. I get it. I. I've, I've been consuming the Met Gallop. I couldn't figure out the theme to save my life this year. It just, it just. I was like the Matrix. It was just dodging me. I couldn't really figure it out.
Jason
Here's, here's what I'll tell. Here's. I'm going to take a devil's advocate approach. Expression is beautiful. Art is beautiful. And I believe what majority of these people are trying to do is find a way to express in a form of art. And I think most of us live in a world where it's very, very one dimensional, two dimensional. It's very. Just blinders on, like the Kentucky Derby winner. And we live in our own worlds and it's hard for us to understand what that art is. And I think what we do as a society, and I know everyone does it, and I know this is more of a serious take But a lot of people chirp it, make fun of it. Group chats are like, this is embarrassing. So I'm just going to take a devil's advocate approach and just say, hey, you know what? The art. The form of expression and art is. Is cool. I agree with you. I would love an explanation for some of this. Like, help me understand your art, because I don't understand it.
David
And. And I'm not like a. I'm not like a Met Gala hater by any means. Like, I actually. I actually like watching it and seeing some of the outfits. I was just. This year, I was just more confused. And maybe that's on me. Maybe that. That probably is on me. And that's okay. Right? I can admit that. But I was very confused with some of the. The outfits and how it connected to the theme. But it. It creates eyeballs. And I've heard there's some intense rules at the Met Gala, too.
Jason
I think there's intense rules. You know, it's a hundred thousand to talk training secrets. A hundred thousand dollars per seat for anyone that attends. I think that's not invited. Like, I think the celebrities don't pay. I don't know. I'll have to look into that.
David
Interesting.
Jason
It's. The whole thing is really fascinating.
David
Yeah. No drinking at the Met Gal. I heard.
Jason
No drinking. Yeah.
David
I don't know.
Jason
It's interesting. I always.
David
If you got invited, would you go?
Jason
Yeah, of course I would go, but I always find it interesting. To pe. I would never get invited, but I always find it. The people that are like, never seen, kind of.
David
Yeah.
Jason
Never say never, but I'm. The people that are on. Let's call it like the.
David
The.
Jason
The potential list one day, and they're like. They get all angry about it, but then they're like, but one day I'll be there. And like a lot of the people that say it, you're like, no, you won't.
David
You won't. You actually have no idea. I would love.
Jason
Right.
David
If you ever go on the Met Gala, we're doing like a full behind the scenes of, like, you, what you think you are going to wear, and then, like, what someone tells you that you're going to wear based off the theme.
Jason
I don't think we'll ever have that problem. But I promise you, if we do, I'll tell you. Okay. Okay.
David
Okay. So you got to take me as your plus one in the Savers game, and you got to invite me as you're behind the scenes.
Jason
We'll never have to worry about insuring secrets. We got. Then we got Kyle Cook coming up on Monday. I gotta tell you, for everyone listening with us, still, I asked for logos. I said, I got 500 bucks. Give us. I got 100 emails today of logos. Every single one was chat GPT.
David
Oh, yeah.
Jason
Come on, guys.
David
Too easy to tell too.
Jason
Yeah, wait till Alkai should do a post with all the logos people submit. It's hilarious. They're all the same logo.
David
Yeah, because they're all the same prompts.
Jason
Exactly. We're also going through a little podcast network right now. A lot of, like, a few networks are sending us offers, so we'll see what comes next, but.
David
Yeah, well, we're running out of time here. And Montreal and Buffalo.
Jason
In Montreal and Buffalo, the puck is about to drop. Keep flying high. Keep spreading happiness. Keep making impact out there. David, this was a ghoul little podcast. I love these 30 minute Thursdays. It feels like I'm just getting to catch up with you. It's. It's. I don't even care if people listen.
David
I honestly don't.
Jason
I have.
David
I haven't checked the numbers.
Jason
I have, so I swear I haven't checked the downloads once. I do know the networks that are putting offers on table right now. Really love the 30 minutes. So, hey, we'll see where it goes. Great to see you, Ghost Sabers. Anything else you want to wrap with?
David
No, I'm looking forward to doing this next week.
Jason
All right, we'll see you on Monday with Kyle Cook, another episode of Training Secrets. One you can't afford to miss. Making that money, money Making that money, money Living that dream Making that money money money Making that money Living that dream.
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Commercial Announcer
This message is brought to you by the Capital One Venture X Card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1000 airport lounges worldwide. The Capital One Venture X Car Card what's in your wallet? Terms apply. Lounge access is subject to change. See capitalone.com for details.
Host: Jason Tartick
Guest/Co-Host: David
Date: May 7, 2026
In this energetic Thirty Minute Thursday, Jason and David dissect a lively week filled with the Kentucky Derby, the Met Gala, a bachelor party, and business lessons from the CEO of Tommy John. The duo blends career and finance insights with personal anecdotes, current market talk, and candid reflections on homeownership and wealth-building. At the heart of the episode: stories about taking risks, lessons from business founders, market headlines, and the personal side of leveling up in life.
Buffalo Sabres vs. Montreal Canadiens:
Anecdotes on Tickets & Life Choices:
Return to Podcast Roots:
Starting in a Recession:
Passion vs. Profit:
Risk-taking:
Crypto Check-in:
Global Headlines:
Parents Visit Jason’s First Home:
Homeownership & DIY Shortcomings:
Gambling stories: sports book wins, new table games.
Kentucky Derby recap:
David shares trivia: most Derby horses are descendants of Secretariat (23:01).
Animal Welfare Discussion:
“I don't want to look back in my life and be the one that had the idea but didn't take the shot to do it... Go fucking do it. And if it doesn't work out, who cares? Go do the next thing, but take the shot.”
— Jason (08:50)
“At the end of the day, the passion of the industry... led me to the money. I'm more impressed with people that can make money and do something that they absolutely hate.”
— Recapping Tommy John CEO, via David (07:35)
“As I leave that driveway, I'm at ease, I'm at peace, and I haven't really felt that ever. And so, like, that was. That was quite nice.”
— Jason recounting his mother's words (15:56)
“If your lawn takes an hour and a half to do, and you could pay someone $40 to do it because the value of your time is more than $40 for an hour and a half, that is opportunity cost of time.”
— Jason (18:16)
| Time | Segment | |-----------|-----------------------------------------------------------------------------------| | 01:41 | NHL Playoff predictions and personal connections | | 04:39 | Tommy John CEO episode – business takeaways | | 06:29 | Discussion: Best time to start a business—recession stories | | 07:54 | Passions, profit, and insight from Tommy John CEO | | 08:50 | Motivation for risk-taking and doing, not just dreaming | | 09:32 | Bitcoin price update; Crypto banter | | 10:14 | Market updates: war, oil prices, economy | | 12:06 | Retirement savings stats & S&P 500 discussion | | 15:11 | Jason’s parents visit the new house; emotional reflections | | 17:00 | Generational skill gaps – handy dads vs. modern knowledge | | 18:16 | Opportunity cost anecdote | | 20:44 | Lawn care, casino antics, and opportunity cost continued | | 21:13 | $75k deal declined for bachelor party | | 22:00 | Casino games, Kentucky Derby historic win | | 23:24 | Ethics of horse racing – arguments from Catherine | | 23:57 | Met Gala – fashion, expression, and confusion | | 25:13 | Met Gala ticket cost, rules, attendee dynamics | | 26:14 | AI-generated logo submissions, network offers, and behind the podcast scenes | | 27:04 | Closing reflections and tease of next week’s guest (Kyle Cook) |
This episode swings effortlessly between finance, entrepreneurship, daily wins and struggles, and cultural happenings. Jason and David’s candid conversation is laced with practical advice, personal reflection, and encouragement to take action—drawing on stories from figures like the Tommy John CEO, market headlines, and their own lived experience.
A perfect listen for fans of actionable business insight, candid discussion about money and life, and those who appreciate the value of both hustle and humor.