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- [00:01]
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- [00:29]
Travis
You are listening to the Travis Makes Money podcast presented by gohighlevel. Com for a free 30 day trial of the best all in one digital marketing software tool on the planet, just go to gohighlevel.com travis what's going on, everybody? Welcome back to the Travis Makes Money podcast. Which mission to help you make more money. Eric Skorzinski, my producer, is here in a bright pink shirt on Halloween to talk about some money things.
- [00:54]
Eric
Yeah, I really enjoyed the other day. We recorded and we did some rapid round questions or maybe like two minutes per answer. And I loved it. I thought it was an inspired segment. I don't know who came up with it, but I wanted to do the same thing again today. And this one, it's not curveballs. I know it's your favorite one. This one is. It's. It's ten questions about purchases.
- [01:23]
Travis
Okay.
- [01:24]
Eric
Okay. All right, let me know when you're ready. I. I'm gonna ask the first question. You have two minutes per question.
- [01:32]
Travis
Okay, I'm ready.
- [01:33]
Eric
Okay, two minutes per question. I'll ask a question. I'll start the timer. What's the best purchase you've ever made and why?
- [01:47]
Travis
That's a hard question.
- [01:51]
Eric
I didn't say this was going to be easy.
- [01:53]
Travis
Well, like anything. What. No matter the price point, no matter.
- [01:57]
Eric
What'S the best purchase you've ever made and why. I will not expound further.
- [02:01]
Travis
All right, well, the lame answer is my house because it was a good buy, got a good interest rate, got a good price, got a mother in law suite that we may rent on and it'll make us a good amount of money. So that was. That was. That's objectively the best, the best purchase I've ever made.
- [02:18]
Eric
What's a small?
- [02:18]
Travis
Wait, hang on. I'm gonna, I'm gonna give you another quick little one though. What I love is these little portable chargers from. From Anker. A N K E R. No affiliate or anything. I just love them. They are. You plug them into the wall like a regular charger, but also the block itself acts as a portable charger. So I hated the, like people would send me these portable chargers, but then it's like, well then I gotta, I gotta bring a, a random plugin that I don't usually use, which is like a usb, like a mini, like a micro USB plugin to charge my charger so that I can charge my other things. Like that just doesn't make sense to me because then I have to think about another thing to bring 20 seconds to charge the thing. So the an ones you plug directly into the wall and it charges it automatically. And then when you unplug it and take it with you to travel, then you can use it as a, as a power, a power block too. So those are cool.
- [03:20]
Eric
That's 100 bucks. Time. What is a small purchase that you've made that had a surprisingly big impact?
- [03:27]
Travis
Oh man, that one. Next.
- [03:32]
Eric
Oh, what's the most expensive mistake you've ever made?
- [03:42]
Travis
Investing into high risk investments. Rather than putting my money in the stock market, there was probably two or three investments that I made that ended up being, ended up being close to a six figure loss overall. Whereas if I just put that money in the markets over that period, over the same period of time, it probably would be a little bit over double if I would just put it in the markets at that time.
- [04:07]
Eric
Would you say the majority of your investing now is just doing that, like keeping it really simple, pouring into the market?
- [04:14]
Travis
Okay, absolutely.
- [04:15]
Eric
What's a purchase you regretted immediately and why.
- [04:20]
Travis
So six years ago, Six, seven years ago, we were pretty brand new to Vegas and I got in a, I got in a car accident like three months after I moved to Vegas. Vegas drivers are insane. I don't know if you remember this. Well, they're drunk out of Vegas now. Yeah, there's half our drunk people. Drunk people. And there's a bunch of tourists that don't know the rules of road. And then for some reason out here, the first three to five seconds of a red light is treated like a yellow light. So I was out here for three months and the car I was driving at the time was the first car that I bought when Jack and I got married at like 21:22. It was a little Corolla. And I got into a car accident. The Corolla was totaled. So we were like, okay, well let's go look for some cars. I always wanted to get a truck, like a nice truck. So we went out. I saw this, this used tundra that was a couple years old, like 20,000 miles on it or something like that. It was lifted, it was like that. That's a really nice truck. I wonder what that looks like. So we went in and ended up buying it. And I want to say it was like close to 40 out the door, which. Which again, like I've said multiple times on the show, I'm typically not a car person. I have never really bought any cars like this. And so I remember getting into that car the day after I bought it and looking around in it and just having this sort of like sinking feeling where I was like, I mean, I love this. But also at the end of the day, it's. It just a, like it just gets me from point A to point B. You know, like, it's a little bit better screen maybe. You know, it's like, maybe. Maybe more functional. But there was nothing about it that. That made me be like, this fills the emptiness inside of me type of a thing. You know what I mean? It wasn't. It was. It was just like. There was nothing particularly that I was like. I just. I had. I had pretty bad buyer's remorse, like, pretty instantly. So two days later, something like that, like within a few days of having this truck, I heard. I started hearing this noise coming from one of the. One of the tires in the front of the car. And I was like, that sounds kind of strange. And so I was in a. In a parking lot. And this is in Town Square in Vegas. And I was just getting more fearful about it. I was like, that's not. Like something's. Something's not right here. So I was like, let me just go pull into a parking space and see what's going on. So I pulled off of the main road in Town Square to go into this little parking lot. And as I was, as. I was like doing a wide turn. Cause you have, you know, big, full size lifted truck, you gotta turn crazy wide to be able to go into parking space. I was making this wide turn to go into the parking space. And the front left, like driver side wheel just fell off of the truck. And so the entire truck just like the. The wheel well where you actually like put the whole wheel on. Something happened to like the lug nuts or something, and it just basically shaved him off completely cut him off. The whole wheel fell off the truck rolled into another car. And then the. The truck just like sank down into the asphalt. And they're still, to this day, if you drive into Town Square, you can see like a scar that I left on that parking lot from my truck because it just like cut into the asphalt right there and immediately was Just like, what the hell just happened? That was, this is insane. What I don't even understand. I don't even know what to make of this right now. So I get out of the truck, I look at it as like, sure enough, the tires over there. There's nothing on the truck. And I was like, this am I. Then as soon as I went past frustration, my second immediate thought was, I could have died.
- [08:00]
Eric
Yeah.
- [08:00]
Travis
This is like, I'm so, so, so lucky that this happened in a parking lot and not on a busy road or God forbid, the freaking freeway or something like that. Like, I don't even know if that, like, imagine that happens. Like you're going 65, 75 on the freeway, your tire falls off. Like that thing digs.
- [08:18]
Eric
The person behind you is dead. You're dead, bro.
- [08:21]
Travis
Like I, I, the only chance for me surviving would be just because I was in a massive truck. You know what I mean? But like probably gonna flip.
- [08:31]
Eric
The worst day of their life, right?
- [08:33]
Travis
Well, not to mention the tire. Big ass tire, just like rolling on.
- [08:37]
Eric
That's what I mean.
- [08:38]
Travis
70 miles an hour bowling at that point. You got the truck, you got the tire just rolling freely. Like that would have been a crazy like multi car pile up situation where we would have all been lucky to walk out with like unscathed. So my second thought was being grateful. And then my third thought was immediately back into frustration and being like, what is happening here? And to make things, to make things a little worse, the guy that was there was like, the security guard was trying to stop me or, cause he, he, he wanted me to pay for the damage to the asphalt. So he was trying to get my insurance information and I was like, no, get. You're making this day worse, bro. Get out of my face. So I ended up getting like the, I, I bought it from a Lexus dealership that goes through this like 151 point inspection on used vehicles. So I was like, you guys have to take this truck back. Like, I'm not. This is, this is insane. I want like a full refund for this. So they eventually basically buckled to that and because they knew they were in lawsuit territory.
- [09:36]
Eric
Yeah.
- [09:36]
Travis
You know what I mean? Like, this is, this is a bad thing. And this is a Lexus dealership. This isn't like this could have been.
- [09:41]
Eric
Your best financial situation ever.
- [09:43]
Travis
Yeah, but this isn't, this isn't Bob's Used Cars, you know, this is like the Lexus dealership that had a trade in that they were selling. So they ended up taking the car Back they initially were like, well, don't worry, we'll take care of it. We'll fix it for free, and then we'll. We'll run it through our 151 point inspection system. And I was like, isn't that the same one that you told me you went through, like, three days ago before this wheel fell off? Like, no, take this truck off of my hands. So it ended up being a smart purchase because as soon as that happened and it gave me two or three days to feel that buyer's remorse. That was when I went and picked up my. The Camry that we have now that we're gonna have to get rid of soon. But we picked that up with like 30,000 miles for 20 grand. So it was like half the dollar amount. And I felt much better about that purchase. So I know that was way over two minutes.
- [10:27]
Eric
You went way over your time, but you were so short on two. I gave it to you. But I'm going to be a lot stricter moving forward.
- [10:35]
Travis
And. And it was a. It was a story worth sharing.
- [10:37]
Eric
You know, I guess the audience will decide what's something you don't spend money on anymore. And what changed?
- [10:49]
Travis
I don't spend money on travel as much anymore. I used to spend a lot of money on travel. That really was just a matter of just like, shutting down my last business and getting back into sort of like hustle mode here. So even with, like, traveling, I used to travel out for all my podcast interviews. Now it's like I fly people to me, so we still have a little bit of the budget, but it's more like, hey, you got to come to Vegas. Because it just takes way too much time and energy for me to go out for three days to interview people anymore. So. And obviously, if it was like somebody, you know, who I just would not be able to get out here, I would fly out to them still. But it's much more rare. So travel travel is probably it. Plus having kids, you know, it's like before. Before it was like, if I'm going on a trip, Jackie would just come with me type of a thing. But now it's like, well, we got the kids 4x the cost. Yeah, yeah, exactly. So we just.
- [11:37]
Eric
We just find 2x the time a lot more.
- [11:40]
Travis
Yeah, exactly.
- [11:42]
Eric
What's the best money you've ever spent on someone else?
- [12:02]
Travis
Would you say this is in terms of, like, like, Christmas gift type thing or just.
- [12:07]
Eric
Yeah, Christmas gift or. Or helping someone out in a pinch? I know you've. You. You gave me this question to ask you, to queue you up, to talk about how generous you are. I remember you. You're like, hey, add that one.
- [12:18]
Travis
No, it could be anything how generous I am.
- [12:20]
Eric
It could be like, oh, I. I paid for my kids to do this thing, or someone was going through a hard time and I hooked them up. Or I got this amazing Christmas gift for Jackie. You know, like, what?
- [12:32]
Travis
Yeah, I would say I'm gonna go all the way back in time on this one, because it wasn't really this. This was one of the first times where I realized the power of having money and being able to help people. And it was. It was in high school, and I was making decent money for a high schooler in my landscaping business, where, like, if you're in high school and you have a debit card and a bank account, like, you're pretty cool. You know what I mean? Like, and it was like, I got over a thousand bucks in my bank account. I'm feeling, like, pretty good. And we were at Starbucks, and this was, like, with a bunch of those friends I was talking about earlier, like, friends I grew up with. And one of my friends who I've been really tight, who I was really tight with at that time and even still, like, text her on her birthday. And she's just one of my, like, again, one of my, like, sisters from that time period. She was with me in line, and she couldn't afford something. It was at, like, Starbucks or Chipotle or something like that.
- [13:20]
Eric
And.
- [13:20]
Travis
And I ended up just, like, paying for my stuff and then paying for her stuff and one of our other friends. And, like, I just remember. I remember the look on her face and just, like, this, like, completely overwhelmed, you know, feeling of gratitude that she was just, like, so shocked by. And I remember. I just remember, like, I remember that feeling, that feeling of just like, there is lots of other reasons to have money besides just what it can do for me. Like, this. This was. This was selfless at first, but it became super selfish, you know, because it feels so good to be able to help people out who can't help themselves out. So that's sort of. Again, like, I'm not a big gifter to charities because I just don't know what they're doing with the money. But I do like helping people out in a pinch. And that's sort of, like, kept going throughout. Throughout my life. Or, you know, especially around Christmas time, whenever we go out to eat, we tip, you know, like, 100% of the. Of the. Of the tab, like, doing Stuff like that. And you see you, you get to see the immediate impact that it has, which is like a really, really cool feeling.
- [14:21]
Eric
What's a purchase you made before you could really afford it and do you regret it?
- [14:33]
Travis
I guess, I guess I haven't really made a ton of those like that. That truck probably was one of them. And I did regret it as soon as it happened, but then wheel fell off and I made the smart purchase three days later. Luckily, I guess I. Luckily it happened in a parking lot. But yeah, anyway, I would say, I would say for the most part, I have not done that. The only times where it's been like that is in business where I'm investing in like a coach or a program or mastermind or something like that. And that's always worked out for me, I guess in personal life would potentially be trips. Sometimes where I took. I spent money to travel to South America or I spent money to travel to Europe or something, and I went over budget on the trip. But I've never regretted spending money on those things. Like I say, experiences to me are what makes a full life. So those things I've never regretted spending money on because I've never gone, like way overboard. Like, I'm not staying, I'm not flying first class and staying at the Four Seasons in Milan. You know what I mean? Like, it's a little bit different for me, but I've always liked to prioritize those experiences.
- [15:37]
Eric
What's the best investment you ever made that was not financial?
- [15:44]
Travis
What do you mean?
- [15:45]
Eric
Like investing in doing something to invest in your health. Doing something to invest in a relationship, you know, more, more time or an act or a decision to do something that was an investment in, you know, something, yourself, others. That is not financial. It's not just you writing a check. You know how you always write big checks and I get out your checkbook.
- [16:07]
Travis
And write it down like it can't be like real estate or stocks.
- [16:11]
Eric
Yeah, it can't. And it can't be like, oh, I helped someone financially and like, it can't be money related.
- [16:17]
Travis
Okay. Okay.
- [16:20]
Eric
Can't put the checkbook away back in the handbag.
- [16:25]
Travis
Okay, so ask the question one more time.
- [16:27]
Eric
Okay. What's the best investment you've ever made that wasn't financial? This can be an investment in your health, investment with your time in a relationship. What does that look like for you?
- [16:48]
Travis
I invest a lot of time into my health, but I've never really like made a big investment of money into my health.
- [16:55]
Eric
I don't think, besides it's not money, though.
- [16:59]
Travis
Oh, I see what you're saying. Okay, I. I understand your.
- [17:01]
Eric
Like. Like, like, oh, I decided to focus on my health. I invested in my health by going to the gym.
- [17:06]
Travis
Okay, okay. Or, yeah, the. The. Then health is definitely the answer to that. Just taking it more seriously, getting back to the gym and really figuring, like, investing the time that it took to figure out what was going to be the path for me. So I just kept doing that stupid yo yo diet thing where I would just get hyper disciplined for 90 days and do this challenge and cut out all these things that I really like to eat. And. And I would see the results because I could make myself be disciplined and do it. But then as soon as I was off that time period or as soon as I reached that goal, I was like, right back up to where I was before. So never had to think about it before. When I was younger, I just played. I played so much basketball, and basketball is such a active sport that it just made it impossible to gain weight at that time. And then got married, got injured, stopped playing basketball. Jackie made a bunch of good food, started eating a bunch. Blew up from like, I was like 1:95, senior year of college, and then two years later I was 2:50. So got pretty hefty pretty quick. And from that point, I went down from. Again did sort of a challenge thing. The next year, went from 250 back down to 200, 205. And then for the next like five years, I was just like 205 to 230 to 202 to 226 to 200 to 219. It's like up and down, up and down, up and down, up and down, but never the weight that I wanted to be at. So a couple years ago I was like, this has got to stop. So I just invested. I invested the time necessary to figure out what is the actual thing that I'm going to be able to do that allows me to enjoy the things I still enjoy and doesn't restrict everything so that I can keep this going for the next decade, not for the next two months. And taking that approach is what wildly changed my, My appearance, managing my health, my weight, all those things. Because it was a struggle for. For quite some time, and sometimes it still is. Every once in a while you take your eye off the ball. But. Or like this year, I had an injury that took me out of lifting weights for like six months. So that was a bummer. But. But now, now I'm back into it and it's it's much easier to get back into it once you know exactly what you're trying to do. But, yeah, health is absolutely, absolutely it. Because it affects everything, man. It affects. Affects your energy, affects how you feel, affects how you feel about yourself. It affects your confidence level. It translates into every other area of life. So it's a high leverage impact point.
- [19:26]
Eric
Yeah. Both you and your wife are, I would say, decent cooks, and so it feels like anytime I eat with you guys, you're trying to sabotage me and my. My fitness.
- [19:37]
Travis
Well, yeah, I. I am. I am not a decent. Well, I guess I am a decent cook now. I. I would say that I just. I make, like, four things, but I've gotten pretty good at making those things. Jackie is just a good cook in general, and she tends to. When she cooks, she tends to cook the things that are. The things that are not great.
- [19:58]
Eric
Yeah.
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Travis
But they're so good that you can't help but eat them.
- [20:01]
Eric
My favorite thing is bring. Is when I know you guys are doing, like, a really good fitness challenge. I like to. Here's some cookies here. I got you guys a box of donuts.
- [20:09]
Travis
I know. It's the worst.
- [20:10]
Eric
That's my favorite investment.
- [20:12]
Travis
You bring over, like, a dozen fresh McDonald's cookies, which is, like, my core.
- [20:16]
Eric
Weakness, because they don't feel like anything.
- [20:20]
Travis
Remember one time we were recording a podcast episode, and we took a shot at the beginning, and then you chased it with a whole cookie.
- [20:27]
Eric
Yeah. That was good. Good times.
- [20:30]
Travis
It was an interesting move.
- [20:32]
Eric
It's a bold strategy. All right, well, that's way more than two minutes on that one. What is a purchase that you made that you felt represented a new era for you or represent a new version of yourself? So you talked about investing in, say, a mastermind, where it's like, okay, me doing this is telling myself this thing about me. Do you have any purchases like that where it's like, man, this was, like, in Taylor Swift terms, a new Travis era?
- [21:04]
Travis
Yeah, probably invest. The first time I invested in a coach, when I was launching my podcast, I paid a podcast coach, and then I paid for a mastermind for podcasting. Like, between those two things, that was probably 11 grand or something. And I did not have, like, a ton of money sitting around at the time. So it was a significant investment for me. But. But it did definitely shift my identity to, like, I am somebody who invests in myself, and that has been something that served me long term.
- [21:33]
Eric
What? This last one? This is a big one. Big kahuna. What's the One purchase you would make today if money didn't matter. Money's no object. You can buy one thing today. What would you buy? A blank check, if you will.
- [21:52]
Travis
It has to be like something like dumb, like not anything.
- [21:58]
Eric
It could be. It can't be. You can't do. I'm going to put in the S&P 500 and I'm going to put just all my money.
- [22:06]
Travis
I was going to say a multi family property, but that's fine. Oh, I can do that.
- [22:11]
Eric
But if money truly doesn't matter today, what's the one purchase?
- [22:16]
Travis
Well, I would make the purchase that would make money not matter for the rest of my life if I made that purchase correctly.
- [22:23]
Eric
Yeah.
- [22:24]
Travis
So I would buy the best cash flowing asset that I could find in a day and I would pay cash so I could collect the rents forever and never have to worry about anything ever again.
- [22:37]
Eric
Okay, to give people an interesting answer, if you had to spend it on something totally foolish, you're not allowed to put it in an investment.
- [22:46]
Travis
Okay.
- [22:46]
Eric
Has to be something totally just frivolous. What are you spending the money on?
- [22:51]
Travis
Probably a jet.
- [22:54]
Eric
You bought the jet but now can you afford the fuel?
- [22:56]
Travis
I was going to say assuming, assume like if, if that's part of the.
- [23:00]
Eric
Equation then a jet where it's forever covered.
- [23:05]
Travis
Yeah, right. Yeah, right.
- [23:06]
Eric
That's the easy one.
- [23:06]
Travis
Like that would be my frivolous spending because yeah, I just like, I am not, I'm not a yacht guy. Not to say that I didn't. Don't like yachts but like I would find much more valuable use out of a private jet than I would a yacht.
- [23:19]
Eric
I don't think I'd ever be a boat person.
- [23:22]
Travis
I mean I don't, I love being on the water and stuff. But I feel like, I don't know.
- [23:25]
Eric
I feel like I would charter a boat.
- [23:27]
Travis
Exactly, Exactly. That's fine. That's my point.
- [23:29]
Eric
A plane is so dependent on so many things, even if you can afford to charter one, it's like, well that jets unavailable right now, you know? Right. I don't know. Right.
- [23:40]
Travis
Yep, exactly. Now that, that's why I would, I would choose the, I would choose the jet over the yacht.
- [23:45]
Eric
We, we keep coming back to Taylor Swift because I said what era are you in? And then now you want a jet. And we're just like her presence is here.
- [23:54]
Travis
Does Taylor, is she famous for wanting a jet?
- [23:57]
Eric
No, she's like, she flies. You've never seen the Taylor Swift flight trackers and like the ridiculous flights. Like she'll fly from, like, San Diego to la, you know, and they'll like, they'll like, show like, how. How much, like, how much damage her flights do until, like.
- [24:15]
Travis
Never seen that.
- [24:16]
Eric
Yeah, it's. It's wild. But. But I have to be honest. Like, I look at that and I go, like, that is probably, you know, like, that's probably extreme. But if I could afford to fly from San Diego to la, I'd probably traffic, too.
- [24:34]
Travis
Yeah, absolutely. You know, like, helicopter.
- [24:37]
Eric
The carbon footprint, I think, would disappear from your mind, maybe. I don't know.
- [24:41]
Travis
Right. Well, and it's not like to concern yourself with the one plane that she's using to take that flight rather than like the 12, 000 planes in the air from all the other airlines. It's like, well, then don't ever fly again then. If you're going to look at it like.
- [24:58]
Eric
True. That's true. Well, Those are the 10 questions. It was not rapid.
- [25:04]
Travis
It was not.
- [25:05]
Eric
But I think it was good.
- [25:08]
Travis
Okay.
- [25:09]
Eric
It's like, it was like a Taylor Swift album. It was lengthy but meaningful. Okay, well, and it's a different version of the same concept that we've already done and we just were rereleasing. And that, at the end of the day is very swift, like. Well, anyway, go ahead and give us a swift outro here and we'll wrap it up.
- [25:35]
Travis
All right, well, everybody listening. Thanks so much for tuning in. Shoot us an email if you want to hear about something here on the podcast travis, travischapel.com. we'd love to hear from you. Thanks so much for tuning in. Remember that 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 solve that one first here on the Travis Makes Money podcast. Thanks for tuning in. Catch you next time. Peace out.