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Lewis HowesLewis Howes

"They Want To Keep You Poor!" (BIGGEST MONEY MYTHS) | Grant Cardone & Lewis Howes

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Grant CardoneguestLewis Howeshost
Feb 23, 20221h 28mWatch on YouTube

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Transcript

  1. 0:00 – 4:12

    Why People Fear Money: Getting, Keeping, Investing

    1. GC

      Particularly Americans have the wrong data about money. There is financial misinformation in the marketplace that is perpetuated by the banks and the institutions because-

    2. LH

      I think you gotta have a dream The School of Greatness. Really? [laughs] Yeah. Please welcome Lewis Howes. A lot of people are afraid to invest, 'cause there's a lot of different investments. They don't wanna lose money.

    3. GC

      Yeah.

    4. LH

      I don't want 'em to lose money. You don't wanna lose money. But why do you think people are afraid to just talk about money, to make decisions on investing money? Uh, they're scared to go earn more. Why are people afraid of money in general, do you think?

    5. GC

      Well, I, yeah, I could tell you, for me, like, I was always scared of money, you know? Uh, and, and I was terrified of it. So, so, like, if you look at... Still today, like, I look at the bill of everything.

    6. LH

      The bill-

    7. GC

      It's a bill of everything. It w- if something costs something, I wanna know how much it was.

    8. LH

      Uh-huh.

    9. GC

      And so, like, how much is it? Like, I'm gonna ask that question, uh, whether, whether it matters or not. I'm... It doesn't matter where I get in my life, I, I don't think I'm ever gonna be free of, "How much was that?"

    10. LH

      How much was the dinner? How much was this-

    11. GC

      How much was dinner? How much was the tip? How much was the coat? How much was the jacket? What did... You know, me, uh, me and Elena, like, Elena's like, "Hey, it's gonna be fine, man. Like, look what, look, look at l- what, look at what you've done. We cannot spend this." And I'm like, "How much was it?" I wanna know how much it was, because when I grew up, you had to know what things cost.

    12. LH

      Mm-hmm.

    13. GC

      And so the point, your, your question about money is, it's a terrifying thing, because it's the one thing in life that, you know, the NFL's not gonna give me the ball.

    14. LH

      Mm-hmm.

    15. GC

      And, and I'm never gonna get a chance to golf. I can't win in those environments, but with money, everybody gets money. It's the one place where everybody gets it, and now what do I do?

    16. LH

      Mm-hmm.

    17. GC

      And I, I could lose it now. So it's a terrifying concept. Like, like p- uh, power. You know, very few of us ever, ever get any kind of influence or power, right? And once you get it, you're like, "Hey, what do I do with this?" You know, "Am I gonna do it, I'm gonna, am I gonna do the right things with it?"

    18. LH

      Mm-hmm.

    19. GC

      And so I think people withhold themselves because they don't... We're not educated about money. We don't know where it comes from. We have a lot of misinformation about it. Our parents terrified us. You know, "Money doesn't grow on trees. Uh, save your money. It'll save you," all these, these, these things our parents told us because they were enamored-

    20. LH

      Mm-hmm

    21. GC

      ... uh, or, or encumbered with the same kind of liabilities around money.

    22. LH

      Right.

    23. GC

      "I don't know how to get it. I don't know how to keep it." And the th- the third, the worst part that we're all at is, "I don't know how to invest it."

    24. LH

      Yeah.

    25. GC

      So what I'll do is I'll... Some people get good at getting it. Very few, actually. Fewer people at keeping it, but probably more than getting it.

    26. LH

      Mm-hmm.

    27. GC

      There's probably a big group in America that have learned how to keep money.

    28. LH

      'Cause they're afraid to lose it, so they keep-

    29. GC

      They don't wanna invest it. They don't wanna use it. They don't wanna, you know, um, you know, Kanye talks about this, how white people, how white people save all their money, and they just keep it. They just store it. Like, I had a, an u- uncle, he buried everything he ever made.

    30. LH

      [laughs] Right.

  2. 4:12 – 10:18

    Money Printing, Bank Lending and Why Corporations Hold Debt

    1. LH

      Didn't they just print more in the last couple years?

    2. GC

      We printed, we, we, we printed more, I think we printed more money since the last time I was with you than they printed in the last hundred years.

    3. LH

      That's crazy.

    4. GC

      Since I saw you last.

    5. LH

      That's nuts.

    6. GC

      So everybody should've got a pay raise.

    7. LH

      Mm-hmm.

    8. GC

      And I know, I know people are scared of the bubble right now. They're like, "Oh, my God, man, things are, things have to... Um, real estate's too much, and stocks are too much." N- none of this stuff has gone up equal to the amount of money printed.

    9. LH

      Mm.

    10. GC

      So if the print is this high, you know, if, if the print is that high, and inflation, w- that we're hearing about all the time, is this high, you'd have to assume it would ha- have at least this far to go.

    11. LH

      Mm.

    12. GC

      But, but that's only because people don't understand, when you print this much money, you need to multiply times nine, because money, money's printed. And when you take your money to the bank, when I take the money that you're gonna give me for this great interview today-

    13. LH

      [laughs]

    14. GC

      ... [laughs] and I take it to the bank, I put it, as soon as it goes into the bank, the bank gets notified, and the bank now has the ability to, to loan that money out nine times.

    15. LH

      Nine times?

    16. GC

      Nine times. So they don't keep money, okay? So if you put a million dollars with the bank today-

    17. LH

      Wow

    18. GC

      ... they're, they're gonna go make $9 million worth of loans tomorrow. That's what they-

    19. LH

      How do they, how do they make that? How do they do it nine times?

    20. GC

      Well, that's what they're allowed to do by, by, by their regulations.

    21. LH

      They can take a million dollars that you give them-

    22. GC

      That's why they want deposits so much

    23. LH

      ... and then they can go give $9 million in loans on that one million.

    24. GC

      That's right.

    25. LH

      Within a year, two years-

    26. GC

      Tomorrow. Within one second

    27. LH

      ... in, in one day, they can loan out 9 million if they want to.

    28. GC

      When you, when you, this is what people don't understand. They, and this is what our parents didn't understand, okay? So Bob goes out, Bob or Betty goes out, and they work, and they make, they do really well, and they make 200 grand a year. Maybe they're online doing online sales. Hustle, hustle, hustle, sell, it's trading their most valuable thing. This is what I did for 25 years, from 25 to 51 years old Spent my most valuable asset, time-

    29. LH

      Mm-hmm

    30. GC

      ... to get money. Terrified, terrified every second of every day. That's, that's really what's driven me the whole time, was terror. Like, y- when you don't know, you're gonna be scared.

  3. 10:18 – 16:16

    Three Pieces of Advice: Invest in Yourself, Your Business, and Cash-Flowing Assets

    1. GC

      Well, I think number one is there's a bigger problem with hoarding in this country than there is with spenders. But what we see is, what we hear is all the spenders.

    2. LH

      Who are getting into debt.

    3. GC

      Yeah.

    4. LH

      Right?

    5. GC

      "Oh, my God, you know, he did this, and he's overspending." But really, really, you have more of a hoarding issue than you have a spender issue.

    6. LH

      Mm-hmm.

    7. GC

      That's number one. I think people err more on saving and not knowing how to use money than they do on buying Richards and, and, and Lambos-

    8. LH

      Right

    9. GC

      ... even though you see all that around LA.

    10. LH

      Right.

    11. GC

      And I know that's, I know these people are... I walk into Vegas, and I sit down at a table in Vegas, and I know the three guys playing, they're, they're playing 10 times more than I am. The, like, they're playing $2,000 a hand. I'm playing $25. I'm like, I know they... I know I'm in a better position to, to play what they're playing for-

    12. LH

      Mm-hmm

    13. GC

      ... but I can't do it.

    14. LH

      Mm-hmm.

    15. GC

      So, uh, what, the advice I would give people is, like, I would just assume that everything you know about money is incorrect.

    16. LH

      Everything.

    17. GC

      Every, every single thing you know about money.

    18. LH

      Just assume it so you can get back to where?

    19. GC

      So, so, so that you can actually have a whi- you can have a clean, a clean board to, to, to operate from.

    20. LH

      Mm-hmm.

    21. GC

      Because if you go out right now and try to stack new information-

    22. LH

      Mm

    23. GC

      ... financial literacy on top of, you know, a, a toxic foundation-

    24. LH

      Mm-hmm

    25. GC

      ... it, it, it, and it's all gonna get all... That's why when I tell people, "Don't go buy a house," everybody freaks out. They're like, "That can't be right. That can't be right." Why? Because that's what you've been told about a house your whole life, 'cause the banks want you to buy a house. Now, everybody that just heard that's gonna say, "I just saw you buy a house in Malibu."

    26. LH

      Right.

    27. GC

      "I can do anything I want now."

    28. LH

      Right. [laughs]

    29. GC

      Here comes the arrogance.

    30. LH

      Yeah. [laughs]

  4. 16:16 – 19:57

    Turning $1,000 Into More: Reinvesting and Marketing

    1. GC

      If you got $1,000, I would like, just keep, you know, keep investing in yourself until you got another thousand.

    2. LH

      Okay.

    3. GC

      And, and then invest in yourself. You know, now, now you got 2,000 invested in, you go, go, go... Y- you should start making money faster.

    4. LH

      Mm-hmm.

    5. GC

      At some point you should start, like, every time you make an investment in yourself, if I put fuel in my car, it's supposed to take me farther.

    6. LH

      Right.

    7. GC

      Right? So if I invest in myself, then... And look, you know, there's things I bought that I didn't get a return on right away, but I didn't quit investing in a course or a workshop or training or education-

    8. LH

      Mm

    9. GC

      ... because it didn't work.

    10. LH

      Or your health or-

    11. GC

      I spent 17 years going to school. None of it was any good for me.

    12. LH

      Mm-hmm.

    13. GC

      But it did teach me-

    14. LH

      [laughs]

    15. GC

      It did teach me how to go to school.

    16. LH

      Right.

    17. GC

      You know?

    18. LH

      How to study.

    19. GC

      How to study, how to go there, how to fin- how to complete a course. Like, I, I completed college.

    20. LH

      Mm.

    21. GC

      I'm not proud of that, by the way.

    22. LH

      You're not proud you completed it? Why not?

    23. GC

      No, no, because it was stu- it was ridiculous. I should have dropped out. Like, I, I knew it was a bad thing. I knew-

    24. LH

      What, what'd you major in?

    25. GC

      Uh, uh, majored in accounting. It's a good degree. It's not like just some, you know, business degree.

    26. LH

      Right.

    27. GC

      Uh-

    28. LH

      But you should have dropped out of it. Why?

    29. GC

      I should 100%, 'cause I, I wo- I mean, I would still, I would still b- I would... Well, I'd have a five-year jump on my career.

    30. LH

      Mm-hmm.

  5. 19:57 – 28:54

    Studying Big Companies: Coca-Cola, Goldman Sachs and Scaling

    1. GC

      I started studying, hey, what do, what do all these successful people have in common? You know, whether it was the mattress dealer, the car dealer, the furniture dealer, or Elon Musk, they spend money, man. You know, they spend money. They spend a lot of money, and they don't worry about money the way I was worried about it. They use money, you know? They used it. They didn't save it. They didn't hoard money.

    2. LH

      Mm-hmm.

    3. GC

      And the greatest companies on this planet today, the ones that have just like... The, some of these companies have lost money for 25 years. Look at Amazon.

    4. LH

      Yeah.

    5. GC

      Reinvest, 1.7 million employees. When I started, I, I remember I looked at Ernst Young. I said... I had a buddy that worked at Ernst Young. I said, "How many employees you got?" He's like, "240,000."

    6. LH

      Wow.

    7. GC

      And I'm worried about 10 people.

    8. LH

      Mm-hmm.

    9. GC

      What am I thinking?

    10. LH

      Mm.

    11. GC

      So, so when I quit studying individuals and started studying people, everything shifted for me. When I quit trying to be the, you know... When I quit worrying about what Bob was doing or Pete or whoever and started saying, "Hey, man, what is this big company doing?"

    12. LH

      Mm-hmm.

    13. GC

      Because that also relieved me of being competitive with this guy, Pete, and started saying, "Okay, I'm gonna go do what Coca-Cola does." That's when I bought the plane.

    14. LH

      Wow. Really?

    15. GC

      Yeah.

    16. LH

      How old were you when you bought the plane?

    17. GC

      Uh, I was, uh, 50, maybe 55 the first one. I bought it 'cause, 'cause I studied what Coca-Cola was doing. They bought planes. I said, "Why are they buying planes?" Oh, then I learned how they write them off, and then I learned how they trade them every three years.

    18. LH

      That's crazy.

    19. GC

      So notice every three years I'm trading a plane. I'm getting rid of it, replacing it with another one. But what are they using it for? They don't use it for pleasure. They're not using it for Instagram photos.

    20. LH

      Right. [laughs]

    21. GC

      They're using it to go and set up headquarters in other countries.

    22. LH

      Wow.

    23. GC

      You know? So, so that's when I wrote, uh, If, If You're Not First You're Last. Because when I started studying these companies I'm like, Coca-Cola's everywhere. You can't go anyplace and not see Coca-Cola. And, and I was, I was like this big. I was always thinking about, what can I keep?

    24. LH

      Mm-hmm.

    25. GC

      And they were thinking about, how many shelves can we get on? How many eyeballs can we see?

    26. LH

      Mm-hmm.

    27. GC

      So that's when it, that's when it all clicked for me, you know? And, and that goes back to that thing about the financial misinformation, right? It's like, who am I studying? And, and that's, that's when we started to, you know, open up the funds for, for... I was at, uh... went to New York City to go walk in Goldman Sachs and JP Morgan's offices. I wanted to walk in and see what it was like. These are hundred, multi-hundred billion dollar companies.

    28. LH

      Crazy.

    29. GC

      You know? And I walked in, I was like, "Oh my God, man." I just, it just all hit me in a second. I've been doing everything wrong.

    30. LH

      What were they doing different?

  6. 28:54 – 43:28

    Emergency Funds, Dumping Cash Each Year, and Bitcoin

    1. LH

      What about, uh, a family that's thinking, "You know, I really feel comfortable having six months to a year of savings 'cause I got kids, I got, you know, the rent, I got the, all the bills."

    2. GC

      Yeah.

    3. LH

      What do you, what do you say to someone who's like, "You know what? I, I see where you're coming from, but maybe I don't feel that comfortable yet."

    4. GC

      Well, th- then, then keep the, you know, mon- money. If you think money's gonna save you, you, you know, you're just... Again, they're stacking, they're stacking information on top of, uh, bad information, okay?

    5. LH

      Mm.

    6. GC

      You, you know, the money that you have saved in the last six months has probably dropped 11%.

    7. LH

      Mm.

    8. GC

      So the money that you have, you got 100 grand, "I gotta have six months of savings. I need, you know, 4,000. My bills are four or 5,000 bucks a month. I gotta have 30 grand in the bank. Gotta have 30." But they really have 180. So first of all, I guarantee they have more than six months-

    9. LH

      Mm

    10. GC

      ... and they don't even know it, 'cause they're living out of terror.

    11. LH

      Right.

    12. GC

      It's not logic.

    13. LH

      Right.

    14. GC

      You say it's logic. "I need six months." But you got three times more than you need.

    15. LH

      Sure. [laughs]

    16. GC

      Number one. Number two, you've never had an emergency that cost you 30 grand in your lifetime. Very few people ever have that emergency. Everybody hears about it. "Oh, yeah, my guy got into a bad... This happened, blah, blah, blah," whatever.

    17. LH

      Car accident or this and that, yeah.

    18. GC

      But if you had assets, if you'd ha- been investing in assets, you can always go use those assets for collateral-

    19. LH

      Mm-hmm

    20. GC

      ... to, to solve-

    21. LH

      You can get a loan out

    22. GC

      ... your cancer surgery.

    23. LH

      You can get a loan out from the bank if you got it, yeah.

    24. GC

      One hun- 100%. Or if you just took the money that you earned and keep reinvesting it in assets that pay you, not assets that you wish one day will pay you, but assets that pay you every month. If you keep, uh, investing in that asset class, one day your cashflow will be your emergency account.

    25. LH

      Mm.

    26. GC

      My, my emergency account last month paid me a million six.

    27. LH

      [laughs]

    28. GC

      My cashflow.

    29. LH

      That's crazy.

    30. GC

      My free cashflow.

  7. 43:28 – 48:59

    Passive Income, Spending Rules and Planning Beyond Earning Years

    1. LH

      Yeah. What is stupid money?

    2. GC

      Well, stupid money ain't earned income.

    3. LH

      Mm.

    4. GC

      Never.

    5. LH

      Mm-mm. Even if you made $10 million.

    6. GC

      I don't care how much you make. If you make 10 and paid five to the IRS, and you got five left, you don't spend that. I'd never spend that money, ever. So, so th- this, this is-

    7. LH

      Write a check

    8. GC

      ... I never, ever, ever, ever-

    9. LH

      [laughs]

    10. GC

      ... ever, ever, ever spend earned income.

    11. LH

      Really?

    12. GC

      Never. So my earned income, okay, if I traded time for it, my earned-

    13. LH

      Mm-hmm

    14. GC

      ... I never spend a penny of it.

    15. LH

      Right.

    16. GC

      Okay? Okay. Now what I do is I invest all of the earned, whatever's left over after the IRS, so the IRS is gonna bang me right here.

    17. LH

      Mm-hmm.

    18. GC

      I invest all of that. 100% of this is invested. I save none of it. I invest this in a real asset that will pay me cash.

    19. LH

      Mm.

    20. GC

      And it's gonna give me a drip, right? It's gonna give me a little drip of cash. So maybe this is a million dollars, so this pays me, let's say it pays me 100 grand a year. I can spend this.

    21. LH

      Mm-hmm.

    22. GC

      But I can't spend, I can't spend that now because it's not spendable.

    23. LH

      Mm.

    24. GC

      This is illiquid.

    25. LH

      The asset you can't spend. Yeah.

    26. GC

      You can't spend it, can't touch it, can't have it stolen from you, taken from you, you know? But it's kinda hard to make it go away.

    27. LH

      Sure.

    28. GC

      Right? I do need to fund it, need to, to, to... You know, this is what the Bitcoin people, Mike Saylor's gonna say, "Yeah, but it, you got property taxes, you got maintenance." Uh, yeah, I know, bro. I also got income.

    29. LH

      Mm.

    30. GC

      Okay? I have-

  8. 48:59 – 58:22

    Warren Buffett, Concentration and the Future of Housing

    1. LH

      Why is it important for people to be investing in real estate now? Like, if you could do it now. And should they do it on their own in terms of like, "Okay, I'm gonna buy..." Uh, my own apartment building or my own house and do kind of the Airbnb thing. What about that strategy?

    2. GC

      It's good. It's a good-

    3. LH

      Yeah

    4. GC

      ... it's a good tr- uh, but, but you got, you get, you just went from having a job to a second job.

    5. LH

      'Cause now you're managing the property.

    6. GC

      You're managing it.

    7. LH

      Mm-hmm.

    8. GC

      You're handling problems.

    9. LH

      Mm-hmm.

    10. GC

      You're collecting rents. That's another job. Actually, that's probably not gonna be even included as passive income.

    11. LH

      Interesting.

    12. GC

      So there's a lot of people in multi-level marketing that say that they have passive income. I'm like, "That's not passive income. That's residual income-

    13. LH

      Mm

    14. GC

      ... not passive income."

    15. LH

      What's the difference between passive and residual income?

    16. GC

      Passive income is I make an investment and somebody sends me a check. A residual income... A- And it could be residual, it could be repeating, recurring, right?

    17. LH

      Right.

    18. GC

      But if I, if I go collect the rent, f- paint the place, put in the tenant, that's not passive. That's active income. I had to rent it.

    19. LH

      Mm-hmm.

    20. GC

      I had to collect it.

    21. LH

      Yeah.

    22. GC

      You're trading time for money.

    23. LH

      You had to market it, you had to do all these things.

    24. GC

      What you get from me is passive.

    25. LH

      Mm-hmm.

    26. GC

      You, you, you know, y- you, you don't decide what color the paint on the building is.

    27. LH

      No. You don't-

    28. GC

      You don't e- you haven't even been to the building.

    29. LH

      No.

    30. GC

      I can't believe it's the 15th again.

  9. 58:22 – 1:04:33

    Cardone Capital Goals: From $400M to $4B and Beyond

    1. LH

      I got a question about, uh, every time I've had you on, I think in the last three or four times, I've asked you about your, your goals with your assets. I think one time you came on, I think you were at, like, 90 million or something. I remember it was like 290 million or 90 million in, in your real estate asset holdings that you had.

    2. GC

      I think we were buying a deal. I was buying a deal in Houston for 90 million bucks.

    3. LH

      Yeah. But you on- you didn't have more than 400 million, I think.

    4. GC

      No, we had-

    5. LH

      I can't remember, it was under that

    6. GC

      ... we had-

    7. LH

      Total

    8. GC

      ... at the ti- at the time-

    9. LH

      It's like a-

    10. GC

      You mean that one interview where you challenged me?

    11. LH

      Yes.

    12. GC

      Yeah. So at that time, I think we had... This was the two places

    13. LH

      ... yeah

    14. GC

      ... maybe $400 million worth of assets.

    15. LH

      Right. And now today?

    16. GC

      Four billion.

    17. LH

      Four billion.

    18. GC

      Yeah.

    19. LH

      And I remember challenging you, being like-

    20. GC

      You did, dude

    21. LH

      ... being like, "Why not go to, like, 900 million, not 10?"

    22. GC

      Why not 10? You said, "Why not 10X that?"

    23. LH

      Yeah, yeah.

    24. GC

      And I said, "I got a deal. I'm doing a deal. It's 90 million bucks." It's scary. I was scared. I'm always scared on all these deals.

    25. LH

      Yeah.

    26. GC

      And because you're doing it for the first time, you, you know, it's like the rollercoaster, right? You're like, "Oh my God, this is gonna be... " You know, "Am I doing the right thing?"

    27. LH

      So you're, so you're at four billion now.

    28. GC

      Yeah.

    29. LH

      What's the, what's the goal today?

    30. GC

      The goal, the goal, well, we're gonna 10X that.

  10. 1:04:33 – 1:18:36

    Aggression, Empathy and Becoming Who He Wants to Be

    1. GC

      and that's the thing, like you asked me what would I wanna get out of this show more than anything. You know, I know I deliver terribly. Like, I'm just, you know, I'm a grinder. I've been grinding. I've been trying to come up from nothing so long and, and then it worked. My aggressiveness worked one day, and then I doubled down on being aggressive. Then one day I looked up, and the only thing I knew was how to be aggressive.

    2. LH

      Mm-hmm.

    3. GC

      And so now I'm trying to unwind-

    4. LH

      Mm

    5. GC

      ... you know, attacking all the time. Like, like I have attack. The attack gene is fully developed in me.

    6. LH

      [laughs] Yeah.

    7. GC

      You know? And I'm not proud of that, right?

    8. LH

      Yeah.

    9. GC

      Like, like that's my go-to, my go-to... I remember a lady, uh, she, she wanted, she tried to put me on drugs when I was 20... I was 31 years old, 32 years old dating this girl named Michelle, and she's like, "Look, man, your first response is just aggression." I'm like, "Yeah?" She's a psychologist, you know? I said, "Yeah."

    10. LH

      [laughs]

    11. GC

      And it doesn't work with her, you know? I'm like, "Okay." This is what got me out of this trap. So I'm 33, maybe 33 years old, so I'm eight years out of treatment, and I'm just starting to get my feet. Eight years, I'm starting to make a little money.

    12. LH

      Mm.

    13. GC

      I said I got a little company now. I'm starting to do well for the first time. Lo- l- the, me and this girl had this thing, but we were two different people. And the, the, the psychologist is like, "Look, you know, I'm gonna recommend a drug." This is 12 minutes into the interview. "I'm gonna recommend..." I think it was a Prozac or something. "And then if that one doesn't work, then I'm gonna introduce you to a psychiatrist. He's gonna give you this one drug, and then if that doesn't work, we'll add one."

    14. LH

      Man.

    15. GC

      "And if that one doesn't work, we'll add one. And sometimes a little bit of an experiment."

    16. LH

      That's crazy.

    17. GC

      And I'm like, "Yeah, dude, what, what are you trying to do?" She's like, "I'm trying to take some of your aggression. I want you to just add a second." And then she moves to the, the girl and says, "And now you..." I said, "No, no, no. Give me this. Subscribe whatever you want to me, okay?" She's not going, uh, going on anything 'cause they wanted to get her up a little bit, make her more aggressive.

    18. LH

      Mm.

    19. GC

      And, um, s- sure enough, they prescribed it to me. One interview, I was there less than 45 minutes.

    20. LH

      Wow.

    21. GC

      Okay? I ate one of them. I forget what it was. It was one of these, uh-

    22. LH

      Something to relax you a little more.

    23. GC

      Yeah, yeah. Just it was gonna add a second.

    24. LH

      Yeah.

    25. GC

      It was lithium.

    26. LH

      Okay.

    27. GC

      It was lithium, dude. I took it. I took half a tab, and I could feel metal moving through my system.

    28. LH

      Mm.

    29. GC

      And so somebody would ask me something and I'd [laughs] you know?

    30. LH

      [laughs]

  11. 1:18:36 – 1:24:36

    Haters, the Bankruptcy Video and Learning Instead of Hating

    1. GC

      Because these were 10-year-old kids, man. Like, they, they, they... I didn't know they even knew me.

    2. LH

      Wow.

    3. GC

      And they, they followed... They knew me from TikTok. "Thank you, man, teaching me about money, man. I shared this with my parents." They knew my name, man. Like, it was like, "Oh my God." My kids were like... My kids wanted to go home. One, one of them didn't feel good, they wanted to go home, and then the, all the kids bombed the truck. And the kids now, my kids are celebrities, you know? And one kid left the nanny's truck and said, "Wait, no, I wanna hang with you, Papa. I wanna h-..." [laughs] 'Cause they could feel this whole thing happening, right? And this is in the... We didn't expect that to happen.

    4. LH

      Mm-hmm.

    5. GC

      You know? I didn't know those kids knew me. Now their parents are like, "Who? Who's that?" So it was, like, this phenomenal, like, for all the hate and the, the negativity and the criticisms I get-

    6. LH

      Mm

    7. GC

      ... you know, the, the whole thing that happened in COVID and the bankruptcy video and the... I had friends, man, friends, people that I have had on my stages trashing me.

    8. LH

      Really?

    9. GC

      When they thought I was going bankrupt.

    10. LH

      Really? What happened?

    11. GC

      Well, I did the bankruptcy video

    12. LH

      Uh-huh

    13. GC

      So I did this little video, uh, like some kid said, "I hope you go bankrupt, man." 'Cause COVID was like full bloom March 2020.

    14. LH

      Mm-hmm.

    15. GC

      "I hope you go bankrupt." And I'm like, "Oh yeah, that's gonna happen." Tongue in cheek, right?

    16. LH

      Joking.

    17. GC

      I went to, I went to my aggressive. Now I'm gonna take this kid on, right? "I'm losing everything, bro. I'm losing the jets, the blah, blah, blah." So I did this whole video about-

    18. LH

      You said that you're losing everything

    19. GC

      ... yeah, I'm, how I'm losing everything.

    20. LH

      As a joke

    21. GC

      'Cause, well, I j- I was doing Undercover Billionaire.

    22. LH

      Oh, right, right, right, right, right.

    23. GC

      Well, I couldn't tell people-

    24. LH

      Sure

    25. GC

      ... that I went broke-

    26. LH

      Sure

    27. GC

      ... 'cause the show got canceled.

    28. LH

      Gotcha.

    29. GC

      It, it, it got stopped because of COVID. So I'm like, "Yeah, I went broke. I'm losing everything." I, I don't tell him I'm this Lewis Curtis guy.

    30. LH

      Right, right, right.

  12. 1:24:36 – 1:28:30

    Getting from $4 Billion to $8 Billion and Closing

    1. LH

      Thought about 10 billion this, end of this year, or where, what do you think you can do by the end of this year?

    2. GC

      No, no, end of this year, I think we get to, I think we get to six billion this year.

    3. LH

      What would it take to get to eight?

    4. GC

      If I can get to s- it, we-

    5. LH

      What would it take to get to eight? What would it take from you-

    6. GC

      Man, if I double, bro, we going, we gonna, we gonna party hard

    7. LH

      ... what would it take from you, though? What would need to happen for you to go from four to eight in a year, and what's holding you back from doing it in one year?

    8. GC

      Just the mechanics. Like, like I'm like, "I got it."

    9. LH

      You said, you said this mechanics thing every time. You said this the first time we did this.

    10. GC

      I mean, it, it is, it, it... But, but before it's mechanics, it's, it's, it's, it's an agreement that I could get there. I mean, I know I could get there. I could actually do it.

    11. LH

      Eight by the end of the year.

    12. GC

      Yeah, I could do it, but some special heavens would have to open up.

    13. LH

      [laughs] What would have to happen? Give me three next steps.

    14. GC

      Okay. Well, I have to raise a billion dollars.

    15. LH

      Okay. From who?

    16. GC

      So, so for, for me to go from four to eight-

    17. LH

      Yeah

    18. GC

      ... I need to raise one billion in one year.

    19. LH

      To get four, to get three billion worth of-

    20. GC

      To buy $4 billion worth of real estate.

    21. LH

      Okay. You need one billion.

    22. GC

      I'd have to go, I'd have to go, I'd have to raise a, a billion dollars. I need to raise maybe, maybe 800 million.

    23. LH

      Okay.

    24. GC

      More.

    25. LH

      800 million.

    26. GC

      Yeah.

    27. LH

      So you need 800 million. That's less than 100 million a month.

    28. GC

      Yeah, yeah, yeah. It is-

    29. LH

      It's 80 million a month Right? What is that?

    30. GC

      Yeah, yeah

Episode duration: 1:28:30

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