The $10M Crypto Mistake That Changed Everything (Loss Aversion) | David Shands DSH #992

Built a community around the show.

We have a WhatsApp chat for every guest that's been on.

And I muted that joint.

It's too crazy.

It's too much going on.

900 people and all.

And they are active every day.

Did you start a community around your show too?

Yeah, but I've been building a community around me, period.

But I've been doing in-person entrepreneurship workshops since like 2013 or 14.

All right, guys, finally made it happen from Atlanta.

David Shance.

We're here.

One of the first podcasters I studied.

So thanks for coming on, man.

Yeah.

Absolutely.

You were a pioneer in the space, I'd say.

Thank you, brother.

Thank you.

I appreciate it, man.

I've been seeing your work and

you're outworking every single podcaster in the world.

This is incredible.

And that's a nice studio, too.

Thanks, Dave.

Nothing like your 750K studio, but.

Yeah, yeah.

But I mean, shoot, you're doing your thing, man.

So super proud of you, brother.

Yeah, prop stuff.

Yeah, I made up for the, because I started late in the game because you started, what, seven years ago?

2017?

18.

18.

Yeah, six, seven years.

So I made up for that time with reps.

Oh, 100%.

Yeah.

So you're pretty good at this.

A thousand episodes in now.

So, you know, it makes up for, because a lot of people only film one a week, but it's hard to get good fast if you're only doing one a week.

How many do you do?

We're releasing two a week now.

Two a week.

We're doing like five a week, but we're doing about two a week now.

And you got a couple shows now, right?

You got a, what's the other one you just started?

Proof in the hot seat.

hot seat yeah yeah that's my baby hot seat's a fun one right yeah i'm having a ball bro i feel like that can inspire a lot of people yeah that shows it's different too man so um when i started nobody was interviewing your average successful person from around your way in 2018 interviews were kind of reserved for athletes or celebrities or you know breakfast club things of that nature oprah but nobody's like really not i want to say nobody but a lot of people weren't just interviewing their friends And it was just a unique thing.

So, you know, I'm getting all these people and we're getting this traffic.

But now I notice that the same people that are on my podcast are like jumping around to other podcasts, which is what they're supposed to do, right?

But it's only so many story you have after you do seven interviews, right?

So I think what you're doing with the reps is you're probably

finding questions that hopefully they're not being asked.

But now that everyone's interviewing successful people, I thought to myself, well, I'm going to start interviewing unsuccessful people, people who haven't won.

And I cook them for like an hour on the hot seat.

And that's, yeah, it's just fun.

It's unique.

And it's not, you're not going to find it everywhere.

No.

It reminds me of one guy, Caleb Hammer.

Oh, I love Caleb.

Financial Audit.

After I did it,

I found Caleb and I'm like, yo, he's killing it.

What is he out of, you know?

I don't know, actually.

If I had to guess, Caleb is not an L.A.

guy, though.

I want to meet him.

I want to meet him, too.

I wanted to go on the show because I've had some wild financial stories.

Really?

Yeah.

Tell me one.

Lost 10 million.

You lost 10 million?

$10 million.

How do you lose 10 million?

Crypto.

Yeah, I got wrecked.

All in like a few month period, too.

What period was this?

This was the last bull run, which was when I first moved here, I think.

So 2021.

I think around then you had 10 million dollars in crypto yeah

but it didn't go to zero it's pretty much zero yeah because they were in altcoins

crypto i and i associate crypto with bitcoin but so all the altcoins yeah so crypto encompasses every coin but you didn't have bitcoin i did i still have bitcoin and ethereum but i had 10 million in altcoins which is like that you never heard of yeah so those are really volatile because they're not as stable as bitcoin and ethereum

Wow.

Yeah, so I got wiped.

How'd you feel?

Pretty lost for a few months.

It was right before I started the show, actually, I think, or like the year before.

Yeah, so podcasting helped me get out of that funk, to be honest.

Wow.

I've never lost that type of money.

However, we do see these stories of people who do lose lots of money and they end it all.

Damn.

I have to do it.

Yeah, like these people that are like super successful, but and they lose a bunch of money, but they're still like

light millionaires, yeah, but they like jump off a bridge.

I never got to that point, yeah, but I could see if you have like a family, like definitely the stakes are higher, and if you lose it all with kids, it's definitely like tougher, yeah, you know, but so what was your mindset?

Like

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I want to crash out, or was it?

I didn't want to tell anyone to be honest.

I didn't, I kept it internal.

I didn't even tell my girl at first for a bit.

Um, because it's pretty embarrassing, dude.

You know, you built up all that wealth, you think you could retire, you're set for life, and then you lose it all in like a couple months.

Super embarrassing.

So,

um,

but yeah, that happened twice.

I lost it all before that too tell me uh when i first moved to vegas four years ago i lost it all on sports cards sports cards yeah i got so excited during that did you see that boom

like sports cards like oh cards okay gotcha yeah there was a boom like five years ago with like michael jordan cards and yeah Did you see that?

You remember that?

I did.

And I wasn't in the

invested, at the time, I had a couple hundred thousand dollars and I put it all into sports cards.

You're just a go-all-in type of person, huh?

That's how I am with podcasting.

You see it.

I filmed a thousand episodes in two years.

That's clear.

Yeah, I go all in.

Sometimes it's good.

Sometimes it's not.

You know, it's just how I am.

That's a great way to be, though.

Yeah, it's risky.

It's risky.

I don't know if I could have this mindset later on in life.

Yeah.

Probably not.

I think it's good to be safe, too.

Well, maybe.

I mean,

I think you'll always be a go-all-in type of person, but you're getting better at managing the risk.

Yeah.

So you might go all in on something you believe in later but you'll probably take some profits next time i will yeah with crypto this time around i am i've already started yeah so bitcoin's at 65k as we're filming this i've already taken some profits good good i have to man yeah how old are you 27.

yeah man you got

got so much time bro to learn yeah and you've learned you're learning at a really really fast pace so that's one of the side effects of podcasting i'm sure you've met and learned so much yeah

i've seen some of your guests you know yeah that's incredible yeah but i think the important part is to stay focused because if you are like me and you're an entrepreneur, like you're sitting in front of somebody who's making a whole lot of money and you think that you can make a whole bunch of money and they'll tell you, yo, I'll help you.

And you're like, oh, let's do it.

But it kind of takes your eye off the ball.

You know what I mean?

Of what you're building.

And especially if you are a trendy entrepreneur or I'm just trying to figure out like money grabs.

You're not building something sustainable.

It's going to be really, really difficult for you to have long-term success.

So even as I make money, I go buy some real estate, stuff I can't put my hands on.

Right.

You know what I mean?

That doesn't change.

Housing market can crash, but it's not like this $300,000 building is going to be worth $30,000 tomorrow.

It doesn't work that way.

Right.

And if there is a crash, just hold on to it and it just comes back up.

It's not like a crypto or it's not like a,

I don't know, like sports cards.

It's not as volatile.

For sure.

There's real value.

There's no real, I'm not going to say there's no real value because I just don't know the world, but there's NFT values, right?

But

the NFT itself is only valuable because someone decided that this thing is nice to look at and nice to say that I own.

But a house, you have to own it.

It's nice because it keeps you dry when it's raining.

Yeah.

I lost a lot on NFTs too.

Oh, bro.

Yeah.

So that's what I'm saying.

Like those.

If you go from that, like those types of things and you're not building a sustainable business, it's always going to be extremely volatile.

What you're doing right now in podcasting, especially if there's a, a, uh, a formula that you have where I get this amount of, I do this many, many episodes, I get this amount of views.

I know there's always a company that wants to get in front of this audience.

Yeah.

That's business.

Well, that's a sustainable business if you keep the formula.

It is.

Yeah.

The past year straight, we've had similar revenue numbers every single month.

So I know it's got some sort of like safety net there.

Welcome to real entrepreneurship.

Yeah, it's slower, but it's it's more fulfilling

and it's it's stable.

So I'm not chasing those hundred extra turns anymore, but it's it's fun.

I'm having a blast.

You don't go to casinos, do you?

I don't gamble.

So it's like a Vegas thing.

If you live here, you're not really supposed to.

Okay,

because you know the game.

Yeah.

Just over time, you're you're screwed.

Yeah, 100%.

You be gambling out here?

No, no, no, I don't gamble at all.

You seem pretty reserved.

Like we were saying, you don't drink or do you do any weed or any drugs?

Has that been for a while?

Or uh yeah i don't think i've like drank or smoking

i think i had my last drink may have been my wedding wow

six years ago maybe holy crap i haven't smoked in a very very very long time

um gambling is just i i i kind of cut that out with the drinking too because i get anxiety

You know what I mean?

Bro, even if it's, if we're playing a game and we're playing for dollars,

I hate to see that next flip.

It's like some sort of anxiety.

Maybe it's just me.

So I just stay away from the stuff altogether, no matter the amount.

Wow.

You know what I mean?

It's crazy.

I'm cool.

A lot of people in our space are drinking, gambling, smoking, partying.

Yeah, I mean, some people are just having a good time.

It's just,

I'm just at a point where I don't need it and it doesn't seem like it benefits me.

If the thing doesn't benefit me or benefit other people, I'll probably stay away from it.

And I don't see how gambling benefit.

I gamble in terms of like business.

I'll put $10,000 to partner with this person about this business.

I think it's going to work.

And it doesn't work out, which is cool.

But at least I have a little more control.

But I'm not betting on the flip of a card.

Makes sense.

What business opportunities are you most excited to move about recently?

I got a couple, man.

Section 8.

Say it again?

Section 8.

Nah.

I'm working with a couple brands where...

People will pay me to coach them, but there are some people who got something really special.

And I'm like,

let me just build it together with you.

Take all of my insight and experience and things of that nature.

Sometimes some money, but some, and then watching that grow and watching them grow as entrepreneurs, it's incredible.

So that's uh, I won't share it, but that's those are a couple things.

I feel that there's a couple people really up and coming right now.

That if you got a really good product, you know, it's not too hard to market it.

Yeah, 100%.

You got the skill set.

So you got, and I only do things that are already within the wheelhouse of what I i do so if if someone has a business and

one of the issues is maybe exposure well we can come on the podcast i can shout you out we can i can start you know doing brand association with you and me and it works out or

If someone as an entrepreneur, they need some advice, I'm going to give them advice anyway.

So I only get involved in things where I'm already in it.

Like one, it's a young lady who has a product, which is going to be really, really special.

So we created the product, figured out how we're going to make money from the product, and we're going to wrap a podcast around it.

We already have a podcast.

I already have a studio.

I have the cameras.

We have the operators, all that kind of stuff.

I can put you into this ecosystem that I have already,

and then it works, and I benefit from that.

Smart.

But I'm not going outside of what I do already.

Yeah, it's like a JV, but you're not in an uncomfortable situation.

Correct.

Yeah, I've had guests come on the show, message me like, yo, this podcast changed my life.

Like it got the snowball rolling.

Like it led to sales it led to meetings podcasts are good social proof oh yeah 100 absolutely and i think everybody needs a podcast every single entrepreneur just mark my words

if you are a entrepreneur and you're building a personal brand you will not be able to survive without a podcast wow what a statement yeah you just can't like there's so much

Out there where you can people want to connect with a person, right?

And you can't build that in 60 second Instagram videos where it's chopped up and it's getting your best angles.

If I'm sitting here and talking to you for an hour, you get to know me.

And especially if it's over a year or so or two years, three years when things happen in my life, you know about it because we're talking about it in real time.

We'll never ever be able to get

the conversation that we just had about you losing everything and not even telling.

And I didn't want to like turn this into me interviewing you.

No, you're good.

Your girlfriend doesn't know that you just lost 10 million.

Where are we going to get that conversation from on Instagram or like a 60-second video?

There's not enough time to fit it in.

But if your audience follows you long enough, they really get to know you.

So if you don't have long form, and we started looking at like Twitch, the IRL stuff, oh my gosh.

They crush it.

Those guys are making killing.

Bro, there was somebody.

First off, they do nothing.

It's like they're streaming, not doing anything.

But the interesting part is they got 15,000 people watching.

Them do nothing because they want to feel like they know the person and anything could happen because this isn't edited.

So

I'm actually looking of how I can start this IRL thing, right?

Where we got a guest come in where I've been recording all day.

And we get kind of that conversation that we were having before this and, you know, we kind of just chop it up and we keep going and then the interview and then you leave.

Then we might talk about some stuff after the camera's off and the podcast and you see all that.

So I'm just trying to figure out how to incorporate that.

But that is just another example of in real life content that people are craving.

Yeah.

Some of those pre and post combos with podcasts are like gold.

I'm like, damn, why didn't you say that on the show?

I just started filming at live events.

I just did a celebrity poker tournament, and those interviews were just so much more organic.

Oh, nice.

You know, you get paid to go there.

I paid them actually.

So check this out.

I paid $10,000.

I got to interview Haley Welch, Dwight Howard, Javel McGee,

Ray J, and like 10 others.

And I was pretty skeptical.

I was like, I've never paid to like do this.

That sounds like a good idea.

You know, I was like, whatever.

And then afterwards, it just opened up so many doors.

So I'm not opposed to doing that and recommending that to people watching.

I think I would do that.

That was a good idea.

What doors did it open up?

So all those celebrities have friends.

So it opened up doors for guests.

Sponsors started approaching me.

The next week, we got 75 grand in sponsors to cover those episodes.

Oh, wow.

How many were interviews?

They were like 15 to 20 because it was as they were getting knocked out of the tournament.

So they would just come in and do a post-game interview.

Wow.

That's hard.

But yeah, when you get Haley Welch, who's right now a top five podcaster in the world, sponsors are going to knock on your door to sponsor that one.

Congratulations, bro.

Congratulations to her, dude.

Because I'm not going to lie, I didn't think she could keep this momentum.

Yeah.

Did you?

I don't even know who that is.

The Hawk Tour Girl.

Oh.

Oh.

Yeah.

I thought that was just like a little street interview, like, where she's like, you got to do that.

She's a top five podcaster in the world right now on Spotify.

Really?

Since that?

Yeah.

She started her show.

It's called Talk Tua.

That's her podcast.

How long ago was that little?

How long ago was that?

The little, when she did the interview?

Was she doing something back then?

No, she didn't even have social media during that clip.

She made it and she blew up.

And now she's one of the top podcasters in the world.

Insane.

Crazy, right?

Yeah, congrats to her.

Yeah.

But a lot of people can't maintain.

Yeah.

100%.

Like you've been in the game for years not a lot of people from when you started are still around today what do you think has caused that longevity to stay for you uh they they're not building a business they're doing something because everybody else is doing it everybody's podcast i'm gonna start a podcast but that's not how you build anything sustainable that's i mean it just is one of it just is what it is and i think some of the reason

they quit is because they're not making any money But they didn't figure out how they're going to make money first before they even started.

So like for somebody that's getting ready to start a podcast, figure out how you're going to make money first.

Let's think about money first, not just a good concept.

Oh, I'm just do these interviews and have conversations.

You should really be thinking of how am I going to make money and then wrap the podcast around the way you're going to make money.

There should be an intentional way that you promote this product through your podcast.

100%.

I think most shows lose money.

So 11% of shows quit last month, which is really high.

But I knew going into the podcast, I was probably going to lose money up front.

So I knew that mentally.

So the first six months, I lost a ton of money because the equipment's pretty expensive.

For sure.

And I was paying editors.

Some editors are pretty expensive.

Clippers,

I hired in the U.S., so those are expensive.

And yeah, I lost a ton of money at first.

So I almost quit.

So it works.

You got to quit.

Yeah, financially it was tough.

I was down 100K at one point.

So for most of you.

You say you're down 100K, like when you put 100 into it?

I put over 100 into it because I had some revenue.

So I probably put like 150 and made back 50.

How much did you have left?

Not that much.

I mean, like just personally, I just have some money.

Let's say you have $250,000.

Yeah.

Or $200,000 and you put in $100,000.

You have $100 left.

So even if you lost at 100, you still had 100.

Like, where was you at in terms of your personal income?

Yeah,

not that much because I just was coming off that 10 mil loss.

So

10 mil was most of my money at the time.

I think I maybe had 11 or 12.

So I lost like 90% without,

yeah, but you're still

had another million or two left.

Yeah, but when you got a house, I mean, you know,

when you got payments, I

spend like 50k a month,

you know, it's quite a lot of money, so a million won't really last you as long as

you think with my lifestyle.

What do you be doing?

I'm not flashy, it's just like travel.

My mortgage is 13K plus utilities.

I eat out a good amount.

So, yeah, I'm spending business expenses.

So,

pay a month, man.

Yeah.

I mean, you're probably spending more than that.

What are you saying?

Yeah, spend a bit.

But most of it is like my household bills, of course.

My actual house, though, isn't a big mortgage, a few thousand bucks.

Oh, wow.

But I do got a bunch of kids.

I got three kids.

I have my wife.

And my in-laws typically stay with us most of the year.

They live in Florida, but they come back and there's always one of them living and I got to feed everybody.

And we do trips and I have a full staff.

And

yeah, it's been a lot.

Yeah, you're probably spending 100K a month then.

Yeah.

Yeah.

I spend a lot.

You need that black card, baby.

I spend a lot.

Yeah, but I mean, I think the black card only

is for a show, though, right?

Yeah, it's not worth it.

Yeah, it doesn't.

Yeah, it's like 10K a year or whatever.

Yeah, my other cards do more.

And yeah,

I'll be stacking points.

Yeah.

I have on a lot of credit hackers on the show.

Yeah.

Teaching me all sorts of stuff.

Bro,

I did a trip to France with my wife, and it felt so bad because I think I had like three million Delta points.

Damn.

And I had to spend like one and a half.

What?

On the flights.

Oh, you should have used the travel hacks.

What's the travel hacks?

You could transfer the points.

You get 5X.

What do you mean?

So like, where did you have the points?

On your MX or on your DX?

Or in Delta.

Oh, on Delta?

I mean, but I accumulated them through Delta MX.

Got it.

Okay.

I don't know if it would have worked then, but if you have Amex points, you could transfer it to a hotel or airline for 5X points.

You can transfer it to...

Well, I just bought them with the points.

I don't know if that works.

With Delta, they just use my points, but use them for 5X points.

I don't understand that exactly.

So like these hotels and airlines will have, once a year, they'll open up a period of time where if you transfer your points from your Amex card to their website, they'll give you a 5X bonus.

So say you have have a million points on Amex and you transfer it to Delta United American Airlines, they'll give you 5 million points.

Really?

Yeah.

When are they doing that next?

You got to keep an eye on it.

They run them randomly, but.

Oh, wow.

Yeah.

Dang, that's hard.

You could do that for Marriott, for Hilton.

Yeah, there's some wild credit.

Oh, that makes sense because they just make sure I spend all of my points with them.

Yep.

Yeah, so they're making their money too.

That's fine.

How many points you got?

I had a million.

I might be close again.

I used all mine too.

Yeah.

I'm going to check out my points real quick.

You probably have millions, man.

If you're spending

a month, I do.

What's your favorite credit card, the MX?

Yeah, I only have MX.

But I have like MX Delta.

I got the Platinum, the gold.

Yeah.

You know, you could buy status, too.

Really?

Yeah.

Yeah, I got 4 million points.

Damn.

Yeah, you're set.

If you use that, right?

Well, I got like 830 on Hilton.

And I got 4 million on

this probably the same thing, though.

Yeah.

But,

see, see, I had to use all of my points, my Delta points, for that one trip.

So I've got like 700.

I got like 5 million points with everything.

Yeah, I got some points.

Yeah, I'll get you with the right credit people.

Yeah, man.

I need all the hacks, bro.

So I buy status whenever I fly.

You buy status.

Yeah, you could buy United 1K status.

You could buy Marriott.

What is it?

Platinum status.

Oh, I didn't know that.

And I only fly with Delta, so and I already have the status.

You already have the best one.

Let's say you're flying somewhere and they don't have Delta.

You could buy the status of that airline.

So you're in boarding group one.

How much?

Like 500.

Oh, yeah, it's not.

I'd say last year.

Yeah.

I do it for hotels because then they'll give you the best room.

Oh, wow.

Yeah.

Yeah, man.

Yeah.

See, you know something, bro.

I learned a lot about that.

That is another reason I think everybody needs a podcast because

you get so much perspective from other people.

And I don't even know this, but I know this, that I'm sure somebody came on your podcast and you made some money with them.

Yeah.

That's how it works.

For sure.

I've done some affiliate stuff.

People pay to come on.

Yeah, there's always

so many ways to monetize, dude.

Yeah.

I have events.

I do in-person stuff.

I feel like people are getting away from that.

Oh, yeah.

Everyone's trying to live digitally, but in-person is crucial.

100%.

I mean, I built a community around the show.

We have a WhatsApp chat for every guest that's been on.

And I muted that joint.

It's too crazy.

Like, it's too much going on.

900 people and all.

And they are active

every day.

Yeah, it's wild.

It's too much going on in that chat.

Did you start a community around your show, too?

Yeah, but I've been building a community around me, period, since I worked at the Cheesecake Factory and left.

And yeah, I just, I've just

building a community is like trendy now, but I've been doing in-person entrepreneurship workshops since like 2013 or 14.

Yeah.

That's early.

Yeah.

Now you have huge conferences too, right?

Yeah.

Podcast conference.

Absolutely.

How many people were at the last one?

Last one, 1,100.

Holy crap.

1,100.

That's impressive, man.

1,000 podcasters in one room.

I'm sure the value there is.

100%, man.

So we're going for 2,000 next year.

And that is, what's so interesting is I think most of

our first off, our conference is iconic, bro.

It's just so much energy.

It's electrifying.

I would put our conference up against any other conference.

And there's really only two other ones.

You know what I mean?

Yeah.

You're already the biggest, right?

Well, no,

we're the best, though.

Quality over quantity.

Bro, our joint is

those people leave with so much information because I'm tailoring the information because I'm a teacher in terms of business.

So I know what you need to learn.

I know the vibe that needs to be created.

I force network where I'm making sure everybody connects with each other.

And I think the current model of podcast conferences.

is like big expo hall where it's like a bunch of vendors and it's like a big group of people.

I don't know.

I don't know.

Not knocking knocking those guys, but I'm saying I think, and I'm grateful they're there so I was able to see something that you could learn from them.

Yeah,

let me take this and put my own sauce on it, but we 100% have the best podcast conference in the world.

It's called Podcast Summit.

So if you're watching this, podcastsummit.com.

I'll be at the next one, man.

It's in Atlanta, right?

Absolutely.

Yeah, Matt, you speak there.

Hell yeah.

Yeah, I can't wait.

I look at the people around you and they're just all killing it, man.

Oh, man.

So I know you're kind of the mastermind behind some of these names that you see on social media.

Oh, bro.

I wouldn't say that.

I think we're just a a group of people that we all learn from each other.

I learned so much from my circle of people that I'm in.

And hopefully I can continue to add value so they keep me in the circle.

Absolutely.

But if you all keep adding value, you just keep have a strong group.

I noticed Atlanta has that kind of that circle, right?

You guys are tight.

Yeah, sure.

That's important for people watching this to find that.

Yeah.

And

yeah, it's dope.

And I think everybody has an opportunity in their city to start creating something.

Yeah.

Where you're bringing people, just bring people together.

That's it.

That was my goal when I moved here.

Yeah.

You know, because there's a lot of conferences here, but locals never really had their own events.

So when I first moved here, I had my networking event.

Only like 40 people came.

Yeah.

But I just had one last week and there was a thousand signups.

Really?

Yeah.

So 500 people came.

It was just a networking event.

Just a networking event.

Free.

Free.

No paid ads.

1,000 signups.

What made you do it?

I've been having them for five years.

I wanted to overcome my, well, selfishly, I wanted to overcome my introvertness, shyness, awkwardness, but also I wanted to connect people.

I've always loved doing that.

Yeah.

So, um, yeah, I've been doing it for five years, 14 events now.

Wow.

Congratulations.

Yeah, it's been fun, dude.

Congratulations.

I love what you're doing, man.

You're just so young and you got so much life ahead of you and just so much stuff to figure out.

You're just killing it.

You look young, man.

I can't even tell your age.

Ah, thank you.

Thank you.

But I'll be 40 this year.

Wow.

Congrats.

December 8th, I'll be 40.

What's that feel like?

It feels incredible, man.

When I was 27, I looked at 40 as like, yo, that's over the hill.

And, like, I want to make sure I'm set by then.

But

I just feel like I have just a wealth of knowledge and information and so many experiences.

And I'm at that point where I'm becoming a responsible father and husband.

And this is the littest part of life.

Wow.

So, yeah, bro.

Beautiful.

Oh, it's incredible, man.

You just don't.

When you want, you have kids?

Not yet.

I want kids, though.

Bro, you're gonna have a big beautiful house and you're gonna have a beautiful wife and um you're gonna open the door and you just hear these little feet running towards you and they say daddy

bro i won listen there's a lot of people making way more money than me but i won bro i'm winning i've i've i'm in a i'm at a point where business is good and i have some money and i still have a good relationship and my kids love me i'm their superhero i love them i got something to go home to i'm i'm i'm very uh devout in my faith i'm god has been good bro wow yeah see that's success right there it is but i thought when i was 25 26 27 that success was an amount but as you know money comes and goes it doesn't it's it's actually easier to make it than it is to keep it

keeping it is a responsibility way harder oh my gosh it's so it just slips out of your hands somehow you get pulled in so many directions.

And the more you make, the more, the harder it is to manage it.

Right.

If you go through your bank account, and I know I do this all the time, you just find stuff.

Like, what the heck?

Oh, yeah.

$3,000.

Where is it?

Yeah.

I go through my credit cards like every few months and I'm like, what the?

It's so hard.

And some, I'm telling you, if y'all are watching this, please just remember what I'm telling you.

Don't rush to make it.

As you're making a little bit, manage that little bit.

Yeah.

And then start managing it on the way up.

But wealth success is so elusive you just yeah you got to focus absolutely how important was having your wife by your side throughout the process incredible man it's incredible for knowing i can go home and go to someone that i love

but also it's crucial for your focus because if you're not married you're out there chasing stuff right when i was single you just go like you could be working all day and you're thinking about what you're going to do that night

that involves you know the type of person, well, women, whatever you're into, but

you spend so much time in that area of your life where you spend a whole evening with a person and then the next day and like, oh, we go on dates and you spend so much money time, you can't focus.

So not having to go chase tail, bro, keeps me focused.

Oh, yeah.

Dating is a full-time job.

I see it with my single friends.

They're like texting for hours a day and then they're meeting up for hours.

And then arguing for hours.

And I hear about the dating world these days.

Holy crap.

I want no part of that.

Bro, it's nasty out here.

Damn.

I hear the worst stories these days.

You married yet?

About to be.

Really?

Next year.

You're engaged?

Yeah, seven years later now.

So

about that time.

Thanks, man.

Yeah, no more secrets.

If you lose 10 million, you're going to tell her immediately.

I'll tell her.

We're at a great spot now.

No, I used to withhold a lot of stuff just because of the way I grew up.

Very like shy kid, didn't want to tell people anything how I was feeling or anything.

So I'm working on that.

Podcasting has helped me open up socially good good so many benefits of podcasting so many dude being able to converse with people is a is a good skill to have oh yeah absolutely absolutely you're good at it bro thanks dude comes with the reps well dude where can people uh find out what you're up to next and find out your events and everything um i have the most electrifying group in the world it's called the morning meetup and believe it or not i'm on a call every single morning, Monday through Friday, with entrepreneurs that want to grow.

This isn't pre-recorded calls.

It's not just some course.

I'm actually on there.

We're setting the tone for the month, for the day, for the week, for the year right now.

And I don't know when this is going to be released, but we're setting a foundation for the rest of the year that we can stand on for 2025.

So I'm just preparing this group of people.

We got 100 something people on a call every single day, about 700 people that are in the program.

But it's a monthly group where I'm literally coaching every day.

Every Thursday we do Q ⁇ A.

Monday through Friday, I'm doing some sort of lesson and helping.

We have a book club.

We all read the same book at the same time, the same part.

We don't read any more than 10 pages a day so that we can read tonight and then tomorrow morning.

We discuss what we read and it locks in the information.

Wow.

They're connecting with each other anywhere in the country.

You can connect with somebody that's in this community.

So that's my major.

That's like that's that's my major community.

But December,

we're working on December 13th december 12th december 13th i will be 40 in december my co-host donnie will be 46.

so we're doing an event called 40 46 where we're celebrating our birthdays with a one-day all-out conference preparing people to make their first million dollars in 2025.

And we're going to have so many testimonials because we're locking in, preparing information where y'all can celebrate with us our birthday, but this is our gift to you all.

And the gift that you'll be giving to us, if you follow us us and you've been listening to us for years, is to come.

And a ticket might be like a hundred bucks.

We're trying to cover expenses, but it's not like a $400,000, $500 ticket, nothing like that.

You can come for $40,

and that's going to be electrifying because I can't wait to see the stories that come out of it next year.

I love that, man.

Bring Book Love back, man.

Oh, for sure.

Deserve.

How is I Never Love?

I love that.

All right, David.

Thanks for coming on, man.

Thanks, man.

Thanks for watching, guys.

As always, check out the links below.

See you next time.