CO-HOST | Make Money by Preventing Expensive Mistakes with Better Agreements

Summary

---

Travis Makes Money

Episode: CO-HOST | Make Money by Preventing Expensive Mistakes with Better Agreements

Host: Travis Chappell
Date: August 5, 2026

---

Episode Overview

This episode is centered on the importance of using better agreements—like prenups and business contracts—to prevent expensive financial mistakes and minimize future conflicts. Travis and his co-host explore why clear, upfront communication about money and partnership expectations can protect not just your finances, but also relationships in both personal and business contexts.

The discussion weaves between humorous banter, candid storytelling, and practical advice, highlighting high-profile celebrity divorce settlements and sharing hard-earned wisdom about managing money with others.

---

Key Discussion Points & Insights

The Case for Prenups and Clear Agreements

• Why prenups aren't just for billionaires: From celebrity divorce settlements to everyday partnership breakdowns, the hosts stress that solid legal agreements can save tremendous financial and emotional costs.
• Minimizing arguments with clear boundaries: Setting up systems like “your money, my money, our money” can prevent resentment in marriages and business partnerships alike.
  • "I'm in the business of minimizing arguments." – Patrick Bet-David (Guest Clip) [14:18]
• Practical systems for household finances: Even in marriages where one partner doesn’t have an income, creating a discretionary spending account can reduce conflict (“Put $4,000/month in an account, this is your account, do whatever you want with it.” [12:29], Patrick Bet-David).

Preventing Emotional Fallout with Better Planning

• Strike agreements when emotions are at their lowest: The hosts point out that the best time to set boundaries is before conflict or loss, while everyone is calm and optimistic.
• Emotional states go beyond anger: Fear, sadness, or depression can cloud judgment when agreements aren’t in place. The emotional toll is just as real as the financial one.
  • “Heightened emotional state can mean you’re sad or you’re depressed… It's not always just ‘oh, I can't imagine us screaming at each other.’” – Co-host [15:44]

Parallels Between Marriages & Business Partnerships

• Business contracts and prenups serve the same purpose: Both are about protecting all parties from worst-case scenarios, not assuming anyone will behave badly.
• Lessons from business:
  • “The biggest business issues I’ve had in my life is because I hurried a contract too much…” – Patrick Bet-David [12:32]
  • Take extra time to get disclaimers and exit clauses into written agreements, even if it means a week more of negotiating.

The Price of Not Planning: Celebrity Divorce Stories

The hosts run through a list of massive divorce settlements where lack of a prenup led to “losing half”:

• Mel Gibson: Lost $425 million to ex-spouse; no prenup. [21:35]
• Arnold Schwarzenegger & Maria Shriver: $200 million settlement. [22:15]
• Michael Jordan: $168 million; got a prenup for his next marriage. [22:37]
• Madonna & Guy Ritchie: $75–92 million payout. [22:58]
• Tiger Woods: $100 million post-scandal. [23:13]
• Steven Spielberg: $100 million after ‘napkin prenup’ was invalidated. [23:13]
• Jeff Bezos & MacKenzie Scott: $38 billion, no prenup; Bezos was unfazed as they built Amazon together. [24:26]

“Live and learn.” – Co-host, on Michael Jordan insisting on a prenup for his second marriage [22:37]
“I should have married Jeff Bezos, but I was too busy not being alive yet.” – Co-host [24:54]

---

Notable Quotes & Memorable Moments

• On Life Insurance/Funeral Planning:

  • “If I died and didn't have life insurance, would you pay for my funeral expenses if Tara couldn't? … Would you be like, you have to cremate him?” – Co-host [04:21]
  • “The moral of the story is get life insurance.” – [05:42]

• On Managing Expectations in Divorce/Business:

  • “Attorneys get involved ... their job is to get you to get as much [as possible] so that they can get as much as they can get.”—Co-host, on legal escalation in divorce [16:45]
  • “That one document can just help prevent all of those things.”—Co-host, about the power of agreements, both in marriage and business [16:51]
  • “It’s not fun to think about at the beginning … you’re in that honeymoon phase… But then a year and a half in... you hate the other person. … All that could have been completely mitigated by just talking about: hey, what's going to happen if, ahead of time.” – Co-host [17:35]

• On Learning from Others’ Mistakes:

  • “You should probably get a crazy prenup.” – Co-host [24:43]

---

Timestamps for Key Segments

• [00:33] Episode begins: The two-part episode with discussion on agreements and relationships.
• [00:39–01:30] Clip with Patrick Bet-David discussing the impact of prenups on relationships.
• [05:13–06:00] Entertaining banter about life insurance, funerals, and friendship priorities.
• [10:45] Transition back to the main topic: financial boundaries in relationships.
• [11:13–12:29] Patrick Bet-David’s framework for “your money, my money, our money.”
• [13:54–14:18] Hosts reflect on the core message: minimizing arguments.
• [15:44] Emotional states & why planning ahead matters.
• [17:34] Drawing parallels between marriage prenups and business operating agreements.
• [21:25–25:30] Reading through top celebrity divorce settlements—“the price of not planning.”
• [26:05] Closing thoughts: money won’t solve all problems, but it helps.

---

Tone and Style

The conversation flows naturally between humor, frank advice, and real-world examples. The hosts maintain an approachable, practical outlook—encouraging listeners not to focus on shame or deprivation, but rather to use smart planning and open communication to avoid costly conflicts and live well.

---

Final Takeaway

“Minimizing arguments with better agreements isn't about expecting the worst in people—it's about protecting your best interests and relationships while things are good, so everyone can prosper if and when circumstances change.”

Listeners are reminded: Whether you're marrying, starting a business, or just managing household finances, being proactive about clear agreements might be the smartest money move you ever make.

---

Transcript

[A]

Reese Witherspoon here, checking into my favorite hotel in Paris. Bonjour.

[B]

Bonjour.

[A]

I'm traveling with my Wells Fargo autograph journey card. So I earn rewards wherever I book. Travel five times points with hotels, four times with airlines, three times on restaurants and other travel, and one point on other purchases. Phew, that was a lot. I need to lie down. Is the room ready?

[C]

Visit Wells Fargo.com autographjourney Terms apply. You're listening to the Travis Makes Money podcast.

[B]

Anyway, so. So now that we're going to make this a two part episode, here's Patrick but David on iced coffee hour.

[D]

Thoughts on prenups?

[E]

I'm all for it.

[D]

Do you have a prenup?

[E]

Absolutely. I'm all for it. I think you need to have it. And let me tell you what. What it did to our relationship when we have a prenup. So do you have one yourself or you.

[D]

I do.

[E]

Okay. So let me tell you what it did for us. So here's what happened. Family calls you.

[B]

You know that Graham's is just ironclad.

[C]

That's a dope setting. Is that their studio?

[B]

I. I don't know.

[C]

No, it looks like a.

[B]

Maybe backstage at like valuetainment or something.

[C]

Yeah, it must be right behind.

[E]

Hey, babe. Such and such happened with my mother's cousin's nephew's wife.

[C]

Look at that leg muscle.

[E]

And I want to build this guy.

[C]

Look at Graham, bro.

[B]

Graham's been in the gym. Is this gonna be a two part. Is this gonna be a two part episode?

[C]

Look at that leg muscle.

[B]

Where?

[C]

Good job, Graham. Look at that cut right there.

[B]

I think that's just a seam. I think it's the seam cutting into his very.

[C]

I'm gonna assume.

[B]

I think he has very pliable thighs. And I think that the. I think the seam. I think the seam is like cutting into him like cheese at a wild thing to say. He has very pliable little thighs.

[C]

He has really pliable thighs.

[B]

They're little pliable little thighs. He's kind of like when you get like an action figure that has like realistic skin texture and you can kind of like squish it a little bit. I think that's kind of. What are we doing? Look at him. He's got a little squish to him too. In the padding of the chair.

[C]

Yeah, yeah.

[B]

Like where his dumpy should be.

[C]

Well, I know Jack works out. I ran into him at the gym.

[B]

Really? My lifetime in the parking lot or. You saw him at the gym?

[C]

Yeah, I ran into him with my Car.

[B]

And then Graham lifted him up with

[C]

here over his head.

[B]

And Pat's kind of let himself go. Sadly, now that we've analyzed the bodies of all three men, now that we've sexualized all three males in this clip. Let's keep going. I'm a numbers guy. And he's a solid 10.

[C]

I'm a numbers guy.

[B]

That would be a great Valentine's card is like, I'm a numbers guy. You're a 10. 10 out of 10.

[E]

And I want to bail this guy. I need $8,000. Here's $8,000, babe. And you go to work and you're kind of bitter at your wife. You're like, I don't even know who this person is. Why the hell are we bailing this person at $8,000? Hey, babe, you know this person died.

[B]

We're getting a weird inside looking at Pat's life. He's like, top example. My wife comes to me, my cousin.

[C]

That happens.

[B]

I have to bail him out. Who the hell do we bail out today? Not a new couch. Who the hell are we bailing out?

[E]

And we kind of have to help with the funeral. Final expense. They don't have any money. $18,000. Okay, here's $18,000. When those things happen two, three, four, five times, you're eventually a little bit annoyed. She's.

[B]

I, I unironically thought about this. This is a two parter. Congrats. The other day, I don't know why I was thinking about this, but I thought. And I do have life insurance, just so you know. And you're not on it, so don't kill me. But I have life insurance.

[C]

I'll get it changed.

[B]

I have life insurance. It's a nice little. It's a nice little chunk of change. If I die, isn't that the worst thing to pay? Because you're like, I'll never benefit from this. Yeah, I always think about that. And that's what I really think about when I bought life insurance is how will this benefit me?

[C]

Yeah, 100%.

[B]

But anyway, I thought about if I didn't have life insurance. And I was like. Cause I see people die all the time. Not firsthand, but do you see stories where people die and then people are like, gofundme for the funeral expenses. So I was literally on a walk and I was just thinking through, you know, your brain just goes from thing to thing. And I was thinking about. You said one time someone passed and you paid for the funeral expenses. And then I thought, if I passed and I didn't have life insurance. Would you pay for my funeral expenses if Tara couldn't? And I think the answer is yes. But then it immediately went to the next thing, which is like, how nice a funeral would he pay for? And then I thought, would he, would he be like, would you be like, hey, if you get a coffin in this level, I'll help?

[C]

No, no.

[B]

Or would you be like, you have to cremate him?

[C]

Yeah, yeah. I'll just, I'll start a bonfire in the back.

[B]

Yeah, like a Viking. Yeah, just shoot like a volley. You get one shot though. Arrows are expensive. But it was just weird because like my brain went in the course of like 5 second. It was like, it was like, imagine if I didn't have life insurance and she had to go fund me. And I was like, I wonder if Travis would pay for the funeral like he did for his other friend. And then I thought, I know he would be a cheap ass. And he'd be like, you can do like a nice. Like the pine coffin is too much.

[C]

This is a wild conversation to have.

[B]

That's what happens when your AirPods die. You just start thinking about stuff like that. But so I'm just curious, like, I do have life in there. So this is not, I'm not, I'm not soft launching my death.

[C]

We wouldn't. It wouldn't be S tier. You know what I mean?

[B]

Okay.

[C]

It would be like B tier.

[B]

It would be like you can get. It's not a finished wood. No. Yeah. You know, okay. But here's what I want.

[C]

I would build it myself.

[B]

Here's what I'm gonna do. I'm canceling my life.

[C]

I'm sure I'll buy some plywood if we.

[B]

Okay. I want you to rent out an arena. Okay. And I want you to do a full blown event.

[C]

I'm out.

[B]

Okay.

[C]

I'm out.

[B]

That's fine. Well, again, it's all hypothetical because you have life insurance. I have life insurance.

[C]

The moral of the story is get life insurance.

[B]

Get life insurance.

[D]

Yeah.

[F]

The fastest growing businesses aren't doing more, they're delegating. Smarter Upwork helps you bring in expert freelance help fast so you can delegate and keep on moving. Upwork is a one stop platform to find, hire and pay expert freelancers across web and software development, data and analytics, marketing, business operations and more. It helps grow your business by giving you fast access to specialized talent across overall 125 different categories so you can fill skill gaps, launch projects faster and scale support up or down without committing to Full time headcount. You can browse profiles, review past work and get help scoping the role so you can hire with confidence and get started quickly. With Business plus, you can access the top 1% of talent on Upwork. And with AI powered shortlisting, you'll get matched to the right freelancer in under six hours. No endless searching required. Upwork also cuts down operational hassle by handling things like contracts and payments in one place so you can spend more time with running the business. Thousands of growing businesses already trust upwork to hire flexible, high quality freelance talent for everything from one off projects to ongoing support, including my own. We've used upwork I don't even know how many times in the last almost, I don't know decade that we've been in business. We use Upwork constantly to help fill in gaps and hire contractors and get projects done. It's completely free to sign up and posting a job is easy. Visit Upwork.com right now and post your job for free. That is Upwork.com to connect with top talent ready to help your business grow. That's up. W o r k Upwork.com this episode of show is brought to you by Whatnot. So I was scrolling on Whatnot because I really, I just wanted to see what it was about. And I started experiencing what I can only describe as like a social media shopping channel. But it's live shopping. You got to go try it out.

[C]

Okay?

[F]

Because it's not just for the buyers, it's also for the sellers. Whatnot is the largest dedicated live shopping platform. Whether it's beauty, collectibles, electronics, luxury, fashion, even cookies, sellers are building real, thriving businesses. Anybody can sell. Whether your business is big, small, or yet to exist, people selling on whatnot sell 10 times more than on other major marketplaces. 10 times more. That's because you're not just listing products, you're building real connections with actual buyers across whatnot. The number of sellers making over $1 million a year has doubled. Consistency pays off. It's not just a side hustle, it's a real path to building something that lasts. Whatnot buyers spend more than an hour a day in the app, which is crazy. They're not just browsing and searching for content. They're engaging, engaged. They're buying and they're coming back. You go live, show off products in real time, and then turn what you love into real income. I went on there the other day just shopping around looking for some stuff tuned into a live stream. Ended up with a couple of shirts And I love them. And you get this sort of live demonstration, and you get to ask questions about the product and how does it feel and what's the fit and all those types of things. You can get answered live so you can make sure that you're making a better decision, even as a buyer. So search whatnot, w h a t n o t in the app store, download it, and you can start selling right away.

[C]

Way.

[B]

Okay, here's the thing. I like your answer that you just gave.

[C]

Okay.

[B]

And I appreciate it, because you could have been mean. You could have been like, oh, f to your. Or you could have been, like, oh, you know, f you.

[C]

Yeah, yeah.

[B]

But you didn't do that. So you know what? I'm adding you to my life insurance as, like, the, you know, the main beneficiary. No, if, like, if, like, everybody's gone in, like, a list of, like, 10 hook yet. Okay, how far down? If you had to add everybody, you know, to your life insurance, how far down would I be on that list? Like 40.

[C]

How much time do you have?

[B]

I think. Cause I'm thinking about that now with you now. See, this is what happens. This is what happened the other day. Because I'm thinking about that. If I had to list everybody in order of, like, who would get it. Yeah, you're probably. You're probably in 10.

[C]

I was gonna say I'd be offended if I'm not top 10.

[B]

You're probably in my 10.

[C]

Yeah.

[B]

Am I in your 10?

[C]

Yeah.

[B]

You're lying. You're lying to maintain your position in my 10. You're probably in my 10.

[C]

No. Yeah, you would be my 10.

[B]

You're so full of it. Dude. Pull it up.

[C]

How can I say it more?

[B]

Let's draft it, right? No, you'd probably be in 10. Yeah, because I think about. Then it would be like, It'd be like, my wife, my kids, my parents.

[C]

Yeah. Then me.

[B]

I don't know anybody else. I'm just kidding. I would actually probably. The light. You know, the local library is like a donation. Charitable giving. Joanna.

[C]

Joanna would be on there.

[B]

How would you. Okay. Be on air. Okay, last question. On this rabbit trail. If I died and say I'm in a bus, of all the people that would be above you if I died. And then, like, two days later, Joanna's like, wow, I can't believe he left, like, me as backup. I'm upset. And then it's like, yeah, you were the next one.

[C]

If I would be upset about that.

[B]

You're, like, waiting for Joanna to Kick the bus. You're like, but if you die, what happens? And then she's like, oh, you're in my 10. Yeah. And it goes to. It's a charitable donation to Lancaster.

[C]

Has to be a chain of whole. Of, like, 12 people dying before they sent.

[B]

Okay, all right. So that's literally the plot of how to make a killing, actually.

[E]

But anyway, that new Chanel purse. How much, babe? Well, it's up a little bit. $12,000. Okay, go buy the Chanel purse. Somebody may say, what's wrong with that? What's wrong with this? No problem.

[B]

Graham's like, okay, but the prenups.

[E]

Yeah, everybody has this.

[B]

Pat definitely argued with his wife before they recorded this. He's like, say they want to go buy another damn Chanel purse and bail their cousin out of jail. And you're like, babe, valuetainment makes a lot of money, but we can't keep doing this.

[E]

Different set of guidelines. I like where we have your money. My money? Our money. This is your money. You want to buy that Chanel purse, buy it with your money. If I want to buy that purse for you, I'll buy it with my money. So, you know, I bought it with my money. It's a form of I bought it with mine rather than our money. Okay. If we have something that we're doing for our kids and ourselves, which is us, team us, this is our money. If you want to spend $50,000 on your nephew or your niece, you don't even need to ask me because you're using whose money? Your money. I notice that. Minimize arguments to the point where no one's being judged. No one said, why are you buying that purse? Why are you doing this? Why are you buying that? No. So we go to Louis Vuitton when this thing gets set up, and she says, can I see that purse? And can I see that purse? Yes. How much is that? 35. How much is that? 45. She looks at me. I want to buy these. And I look at. I'm like, okay, I'm buying it with my money. Okay, go for it. Now.

[D]

What if she doesn't have money, though? What if she is. Stay at home, mom. She's not having income, but she wants. Let's say the $10,000 should not burn.

[E]

How much do you make? How much do you make? Say so give me that scenario. But give me the case study with the husband. What does the husband make?

[D]

Gosh, let's just sit. Let's just say a million bucks a year.

[E]

If he makes a million bucks, A year. And you know you're going to set up a prenuptial agreement to protect you. Create a portion, an account where you put money in, where she can do whatever she does without asking you. That's the account. So whatever she wants to buy without ask. Because I'm in the business of minimizing arguments. So, for example, the biggest business issues I've had in my life is because I hurried a contract too much without us getting those additional three disclaimers in there that if this happens, here's how we exit this. And because we didn't have that, it caused an argument. I don't want that. So let's spend a little bit more time with the contract. Have your lawyers talk to our lawyers. Let's take one more week, and let's see what else we want to add into this. What if it doesn't work between the two of us? You say, Pat. So let's just say you all of a sudden wake up one morning, you say, pat, I'm already worth 20 million. We're partners. 50. 50. I don't want to do anything. I have the right to buy you out at the market value at the time. I can go find financing, can buy you out. But if that's not in the agreement, guess what you can do. But I don't want to sell. I just want to take my profits every year. Now I hate you. Now we have issues. So the same thing with marriage. If the guy is making a million and you're worried about the money she's spending, put $4,000 a month in an account. This is an account for you. This is our account expenses. This is your account. Do whatever you want to do with it. That prevents some of the arguments. If you go to this video, I give a key.

[C]

Well, that audio dropped off, huh?

[B]

Yeah, it doesn't have a mic there.

[C]

Yeah, that was. I mean, that is really well said. I actually kind of like the idea of like, having sort of like your money, our money, my money type of a thing. No, as long as it's like what he's saying. It's. It's not like your money in terms of you have to go get a job and make your money this way. It's just like this is already, like, the. The phrase that I took away from that is the minimizing arguments.

[B]

Yeah, I'm in the business. That's something you say before you kill someone. Now, listen, Guido, I'm in the business of minimizing arguments.

[E]

Bam.

[C]

That's a pretty good mob voice.

[B]

Oh, I was trying to be Jamaican.

[C]

Well, that was really, really bad then.

[B]

Hey, never mind. Can I ask you a question? Are you Jamaican? Because you Jamaican me crazy, man. Okay, mon.

[C]

Alright. Okay.

[B]

That one's still a good, right? Can we still do that accent? I feel like Jamaican's close to being out. Italian's still free game.

[C]

I feel it.

[B]

Make it a meatball.

[C]

Any accent that is by white people is totally fine.

[B]

Is Italian white?

[C]

It's white adjacent.

[B]

I don't know. That's slippery slope. You start making fun of all the white adjacents and you're getting into some.

[C]

You're like, make some subjective arguments. Yeah, that's fair.

[B]

Let's get away from this topic and back to what you were saying. Minimizing arguments.

[C]

Yeah, minimizing arguments. That's the key takeaway. I think that is true for a prenup, for a partnership agreement, like an operating agreement in an LLC or business that you're setting up. It's true for like having separate bank accounts or doing like, the minimizing future complications by taking more time to hammer out details. Now is usually a better way to do it than just like waiting until the complications happen. And then again, you're in a heightened emotional state, regardless of what the situation is, whether it's a business relationship or a marriage or whatever.

[B]

And I think people get lost in like, I'm even keel. I'm not angry. But it's like heightened emotional state can mean like you're sad or you're depressed.

[C]

Exactly.

[B]

Or you're. It's not always just like, oh, I can't imagine us screaming at each other. It's like, well, it might not be that. It might literally be like, I'm just too heartbroken to even look at the details.

[C]

Or at this point, fear even, you know, like for. For whoever's not the main breadwinner. It could just be this like, lump in their throat when they realize that that's going away. And then, and then they all of a sudden demand much more than they initially were thinking that they were going to. Because in their mind it's like, well, I need to get some. I need to get all I can because I don't know how to make money to the same degree that the other person.

[B]

How do I maintain my lifestyle?

[C]

So, yeah, like, so then things start getting a little bit ugly then. Because the main problem is not the main problem, but one of the problems is you get attorneys involved. You know what I mean? And then the, the people in the relationship might be okay with the certain Set of rules that you've maybe talked about or something while you're getting separated. But then the attorney comes in and goes like, starts whispering these things into

[B]

the ear, which is their job is to get you to get as much

[C]

so that they can get as much as they can get.

[B]

Right?

[C]

You know, so then they start almost poisoning the other person against you. And then it starts snowballing into this like, well, they did treat me like this and I, I should be, you know, compensated fairly for this thing. And you know, that's it. It just starts getting uglier and uglier and uglier. And that one document can just help prevent all of those things. And by the way, this also is, it's the same thing for like an operating agreement in a business. You know what I mean? Like, if you're going to set up business with somebody, you have to think about, well, what happens if it doesn't work out? What happens if we want to split? What happens if I'm good with running it, you don't want to run anymore, and you're no longer doing any of the day to day, which you agreed to initially. What happens then? Do we decrease equity? Do we, is there a buyout option? Is there agreed upon valuation?

[F]

You know what I mean?

[C]

Like, what exactly is going to happen in case of these things that are happening, which is not fun to think about at the beginning of any venture, whether it's a marriage or a business. Like you're in that honeymoon phase when you're at the beginning, even if it is a business, you're in that honeymoon phase of like, this is going to be awesome. We're going to crush it and we're going to make all this money. And then a year and a half into it, it's like, well, they got a promotion at their job that they can't turn down that require them to stop, to step away from the business. And it's like you don't have anything in place, but they still own 50%, but you're doing 100% of the work. Like all of a sudden you start getting spiteful and you hate the other person and then things get ugly and you burn a bridge on a relationship. And all of that could have been completely mitigated by just talking about, hey, what's going to happen if ahead of time. So yeah, I like the, I like that phrase of minimum, the fastest growing

[F]

businesses aren't doing more, they're delegating. Smarter upwork helps you bring in expert freelance help fast so you can delegate and keep on moving. Upwork is a one stop platform to find, hire and pay expert freelancers across web and software development, data and analytics, marketing, business operations and more. It helps grow your business by giving you fast access to specialized talent across over 125 different categories. You can fill skill gaps, launch projects faster and scale support up or down without committing to full time headcount. You can browse profiles, review past work and get help scoping the role so you can hire with confidence and get started quickly with Business plus, you can access the top 1% of talent on Upwork. And with AI powered shortlisting, you'll get matched to the right freelancer in under six hours. No endless searching required. Upwork also cuts down operational hassle by handling things like contracts and payments in one place so you can spend more time running the business. Thousands of growing businesses already trust upwork to hire flexible, high quality freelance talent for everything from one off projects to ongoing support, including my own. We've used upwork I don't even know how many times in the last almost, I don't know, decade that we've been in business. We use Upwork constantly to help fill in gaps and hire contractors and get projects done. It's completely free to sign up and posting a job is easy. Visit Upwork.com right now and post your job for free. That is Upwork.com to connect with top talent ready to help your business grow. That's u p W-O-R-K.com upwork.com this episode of show is brought to you by Whatnot. So I was scrolling on Whatnot because I really, I just wanted to see what it was about. And I started experiencing what I can only describe as like a social media shopping channel. But it's live shopping. You got to go try it out.

[C]

Okay?

[F]

Because it's not just for the buyers, it's also for the sellers. Whatnot is the largest dedicated live shopping platform. Whether it's beauty, collectibles, electronics, luxury, fashion, even cookies, sellers are building real thriving businesses anybody can sell. Whether your business is big, small, or yet to exist, people selling on whatnot sell 10 times more than on other major marketplaces. 10 times more. That's because you're not just listing products, you're building real connections with actual buyers. Across Whatnot, the number of sellers making over $1 million a year has doubled. Consistency pays off. It's not just a side hustle, it's a real path to building something that lasts. Whatnot. Buyers spend more than an hour a day in the app, which is crazy. They're not just browsing and searching for content. They're engaged, they're buying, and they're coming back. You go live, show off products in real time, and then turn what you love into real income. I went on there the other day just shopping around, looking for some stuff, tuned into a live stream. Ended up with a couple of shirts, and I love them. And you get this sort of live demonstration and you get to ask questions about the product and. And how does it feel and what's the fit and all those types of things. You can get answered live so you can make sure that you're making a better decision, even as a buyer. So search, whatnot. W H a T N O T in the app store. Download it and you can start selling right away.

[C]

Rising arguments.

[B]

Let me read this to you here. This is the biggest. No prenup divorce payouts. I looked up celebrity ones. Mel Gibson. Am I supposed to.

[C]

Yes.

[B]

You know, why Mel? I'm just saying, I wonder if it was a Jewish lawyer. Because Mel Gibson had that big rant.

[C]

Is that true?

[B]

Are you joking?

[C]

I didn't see that.

[B]

You ever wonder why you don't see a lot of Mel Gibson movies anymore? He went on a crazy anti Semitic rant.

[C]

Really?

[B]

And blew up his career. So I was saying it would be interesting if it was like, hey, Rothstein and Associates just owned your ass. Mel Gibson.

[C]

I mean, the odds are good.

[B]

And his ex spouse, Robin Moore. Approximate payout, $425 million. Gibson's net worth was $800 million. He didn't have a prenup, which meant she got half. Arnold Schwarzenegger, which he kind of did this to himself.

[C]

Fair.

[B]

Cheating. His ex spouse, Maria Shriver. Got 200 million out of his estimated $400 million net worth. That feels. I know, like at past a certain amount of money, you stop feeling like the extra money. Yeah, I feel like you'd lose. I feel like you'd feel losing that. Yeah, like 200 mil. Michael Jordan, who's obviously not the GOAT. LeBron James is, right.

[C]

Obviously.

[B]

Let's get a clip, baby. Clip it. Juanita Vanoy. She was Vanoyed with him and left. Paid out $168 million. He later insisted on a prenup for his second marriage. Live and learn. Madonna to Guy Ritchie. I always forget that they used to be together.

[C]

That is correct.

[B]

She paid out around 75 to 92 million. Her rep called it one of the largest divorce payouts ever. Damn Tiger Woods. And honestly, if she was super Vindictive probably could have got everything.

[C]

Everything, Everything.

[B]

Tiger woods gave out $100 million after the infidelity scandal. And Steven Spielberg and Amy irving. She got $100 million. Half of his wealth. He had a napkin prenup, so I'm guessing it's just an unofficial document. It was ruled invalid. So she got half of his money. And then here's a couple more here. Celebs who essentially lost everything from their divorces. I know about this one. This one's crazy. Burt Reynolds. His divorce expenses, plus some bad investments left him over $11 million in debt and bankrupt in the 1990s.

[C]

Geez.

[B]

Mike Tyson. Multiple divorces and then combined with his lavish spending and legal issues led to a 2003 bankruptcy filing. He could not afford a $10 million settlement to his second. Dennis Rodman, who obviously is, like, who I go to for all my advice in life and business, specifically finance. He fell behind on massive child support after divorce, racking up huge arrears. Excuse me. And court ordered community service, claiming the payments left him penniless. Lena Headey. Excuse me. It says not the Game of Thrones actress. Who's the other Lena Headey?

[C]

I don't know.

[B]

Forget about that. I don't want to read about it then. And then Mackenzie Scott and Jeff Bezos.

[C]

I was gonna say the big one is Mackenzie Bezos.

[B]

Jeff Bezos is pennile. Mackenzie Scott and Jeff Bezos. No prenup. From their 1993 marriage, she received 25% of Amazon stock. Holy moly. $38 billion. Making her one of the wealthiest women globally. Yeah.

[C]

That's pretty wild.

[B]

Yeah. You should probably get a crazy oneup.

[C]

That's a crazy one. Although I saw Jeff Bezos talk about that, and he was like, I don't care.

[B]

But he had the same approach of like, yeah, we built. We had nothing. Right. Exactly.

[C]

But yeah, he. And the difference.

[B]

God, I should have married Jeff Bezos, but I was too busy not being alive yet.

[C]

Yeah. The thing about Bezos, too, though, is compared to a lot of the other people you just read about, is he has the ability to go make a bunch more money.

[B]

Yeah.

[C]

You know, I mean, like, Amazon stock continues.

[B]

He could not touch his business ever again and make money. Yeah.

[C]

And. And he's totally fine. Like. And when you're dealing with numbers into the tens of billions or hundreds of billions, it's like it literally affected his lifestyle.

[B]

Yeah.

[C]

By a total of 0% versus some of these actors who are maybe are on, like, the tail end of their career. Like, they can't just decide to turn the switch back on.

[B]

Yeah. Mike Tyson can't just go fight again.

[C]

Well, I mean, he did.

[B]

Well, you know what I mean? For the most part, though, like most people, it's over. It's like a football player. It's like you can maybe go do some motivational speaking and make a hundred grand a year.

[C]

Your highest earning days are behind you.

[B]

Right.

[C]

You know what I mean? Versus, like, entrepreneurs that can at least. Well, let's go start another business. Or, you know, let's focus on.

[B]

In some of these cases, your arrears are behind you.

[C]

Yeah. And big, apparently.

[B]

Well, speaking.

[C]

Fat arrears.

[B]

Speaking of big fat arrears, we are at the tail end of this episode, so go ahead and close this out.

[C]

All right. Yeah. Well, that's it for this episode of the show. Remember, money only solves your money problems, but it's easier to solve the rest of your problems with money in the bank. So let's start there. Here on the Travis Makes Money podcast. Catch next time. Peace. Best thing that's ever happened to you, financially.

[D]

Go easy.

[G]

Sold my car on Carvana. Amazing offer, really.

[C]

I hit 200 on a scratcher.

[G]

Did the scratcher come to your house and hand you a check?

[D]

No.

[G]

How many scratchers did you hit to get that? I hit a button on Carvana.com once.

[C]

Okay, that's fair.

[G]

It's like the lottery, except you always win.

[C]

Not like the lottery at all, actually.

[G]

Exactly. Inexplicably good offers worth bragging about. Sell your car today on Carvana. Pickup fees may apply.