Why Most People Never Build REAL Wealth (and How to Change That) 💵 EP147

Speaker 1 Ladies and gentlemen, welcome to a special edition of the Money Money's Podcast where we cover three core topics. How to make money, how to invest money, how to give it a charity.

Speaker 1 Normally, this podcast is done inside of an RV motorhome. I travel around the country, been doing over 200 episodes in that fashion.

Speaker 1 The podcast today is number 40 in the world out of 5.4 million podcasts because of you guys liking, commenting, subscribing, and sharing. So I appreciate you guys for doing that.

Speaker 1 We've been keeping this commercial free. I'm spending around $70,000 a month just to keep it commercial free for you guys.
We have a 93% listen-through rate because of this.

Speaker 1 We keep these podcast episodes short, sweet, and straight to the point. Why is this one not in RV Motorhome? Because we are inside the Amerit Bank Arena.

Speaker 1 Today, we hosted Man and Arena Tour part two. At the first one, We had an amazing lineup of speakers, including our guest who's here with us today, who then spoke again for us here in Florida today.

Speaker 1 Literally a few hours ago, he just crushed the stage. And hopefully we'll have him at number three, number four, et cetera, as one of our few repeat speakers.

Speaker 1 Now, as you guys know, we keep this very focused, very poignant. And the whole point of it is it's not just for you.
This podcast episode might be for your friends, family, and followers.

Speaker 1 It might be for someone from your past. present and future.
So don't just listen to Raul for the things he said for you. It might be for people around you, Again, from your past, present, or future.

Speaker 1 Without further ado, Raul, can you give us the quick two-minute bio? So we get straight to the money.

Speaker 2 Love it. Love it.
Thank you, Dan. Man, the 40th podcast of the world.
Love it, man. I can't wait for this to be number one.
We're going to get it there.

Speaker 2 So make sure you click on the link, share this podcast. We're going to continue to bring value into the world.

Speaker 1 I don't know if I can beat Joe Rogan, but we're going to try.

Speaker 2 We're going to try. We're going to try.
We're like competition.

Speaker 1 Yep.

Speaker 2 So my name is Raul Velas. I built a brand called The Edge.
It's a man empowerment movement. I work with men who somewhere in their lives have lost their edge because that happened to me.

Speaker 2 I built a real estate company. I made millions of dollars and I went to depression.
I started drinking every single day and I knew that I had to find some help.

Speaker 2 So I spent half a million dollars in my personal development to find my edge back. So when I did that, I went to do a seminar to raise capital for real estate because my background is in real estate.

Speaker 2 But guess what? Everybody wanted to talk about. How did you break through depression? How did you find your edge back?

Speaker 2 So I had all these asset managers, all these investors pick my brains about about how to find your edge. And from there, I built a brand called The Edge, helping men find their edge back.

Speaker 3 All right.

Speaker 1 So on the make money side, why do you think that most men are not good at making money?

Speaker 2 I think a lot of us, we're very good at making money, but we suck at keeping the money.

Speaker 1 Nice.

Speaker 2 Because I speak to you guys all the time, make millions of dollars. But bro, how do I keep the money? So my mentor, when I started in real estate, gave me this book.
He said, bro,

Speaker 2 read this book. It's going to make you a millionaire.
Okay. This book, hands down, we read it from the first page to the last page.
You're going to make millions of dollars.

Speaker 2 That book was the white pages.

Speaker 2 If some of you guys don't know what the white pages is, you're probably too young. It's where you have all the numbers, phone numbers, names of every person who lives in your city.

Speaker 2 Because he says, start calling, call calling. So we're selling real estate, cold calling.
So he was right. Two years into real estate, I made millions of dollars called calling.

Speaker 2 But I didn't know how to keep the money. So the second book I read was Rich.poordad.

Speaker 3 Nice.

Speaker 2 And that's when he said, make the money, invest it, and buy real estate. So I bought my first property.
I flipped it. I made $100,000.
I thought I was rich. Yeah.

Speaker 2 So I did what most men will do when they make some money. Go to the dealership.
Get a BMW, right? Spend it.

Speaker 2 And of course, I didn't finish reading the book. I was only halfway through.
I came back, finished the book, and I said, the worst thing you could do is buy a car. Sure.

Speaker 2 So I went back to the dealership. I said, man, I'm sorry, I made a mistake.
Can I just get my deposit back? They said, well, we are BMW. We pride ourselves in customer service.
Here's your money back.

Speaker 2 And I went and I bought another real estate property.

Speaker 2 And that's what we continue to do, buy real estate, flip, hold. And eventually that's what we made millions of dollars.

Speaker 1 So on the investing side, what do you think holds people back? What are they so scared of about investing into real estate, stock market, cryptocurrency, angel investing? There's so many options.

Speaker 1 What do you think holds people back from making that first investment?

Speaker 2 It's fear. Fear.
Fear holds everybody back from doing something that they know deep in their heart that they should do. We all know that

Speaker 2 we should invest, we should save money.

Speaker 2 But the fear, and when I look back and I teach my son this, like he's 19 years old, I said, if you broke in your 20s, and if like, that's fine, as long as you take risks, you gotta take risks.

Speaker 2 I see this young kids, they're just waiting for the new opportunity. Everybody wants to have a safe risk.
There is no, risk is risk.

Speaker 2 The way I look at it is like, at the end of the day, if you are a producer, if you make money, take the risks, but at the same time, don't take a risk that you're not going to come back from.

Speaker 2 I did, I made that mistake. So that's why I'm speaking from experience.
I put everything on real estate. I thought I was the man.
I got a letter from my account when I was 30 years old.

Speaker 2 I said, bro, you're a multimillionaire. Congratulations.
You made it. And then a year later, I was foreclosing on my property because the market crashed.

Speaker 2 So because I thought I did everything right, but it was the wrong timing. So that fear of

Speaker 2 losing is what holds people back. Those stories, they hear it, like, I don't want to be like Raul.
Why don't I be like this guy? So that holds them back.

Speaker 1 So there's so many different options to invest into. You've chosen the real estate path.

Speaker 1 But within real estate, there's Airbnbs, fix and flips, multifamily, commercial, storage, RV parks, mobile homes. So many options in the real estate space.

Speaker 1 How can someone study and try to figure out what part of real estate they should dive into

Speaker 2 again like i'm teaching my son right now i we he just bought with me his first multifamily

Speaker 2 cash flow properties i know you probably hear this all the time but multifamily is the is the safest investment in a way because you depend on tenants to pay the rent so for me i always look at a property that if if if it's if it's cash flowing i could maintain it through the through the recession through the depression.

Speaker 2 People are still going to need to live in a property. So the mistake that I did when I lost millions of dollars because I started developing properties.
I had my cash flow in properties.

Speaker 2 They were paying the bills, but then I got too greedy and I started building properties, commercial, and I got out of my lane. If I would have sticked to multifamily, it wouldn't happen.

Speaker 1 All right, so what about the charity side? Why do you think it is important for a household? Let's just go with fathers in particular.

Speaker 1 Why do you think it's important for them to have some type of charity component for their wives, children's, parents, friends, community, and employees to see them doing some philanthropy?

Speaker 2 the the most

Speaker 2 important thing that i teach my kids is the value of money i teach them that money is not meant for you just to keep money is meant to circulate is that's what's called currency the value of money is necessary for them to to learn early age so my son when he was eight nine years old he came to me dad

Speaker 2 My friends are having allowances. Should I not have an allowance?

Speaker 2 How much is my allowance? Interesting. What are you talking about? I'm allowing you to live in my house.

Speaker 2 That's your allowance. I'm allowing you to eat my food.

Speaker 2 So I said, but if you're talking about making money,

Speaker 2 I could help you

Speaker 2 through a transaction, bring value. So my kids have always, I've never given them allowances.
They always brought something to the table. What are you going to do in order for you to earn money?

Speaker 2 But we also taught them you also have to give back. So every holidays, what we do is we go to a round,

Speaker 2 around um

Speaker 2 our properties we look for the tenants who don't don't you know they're not doing so well we look for other like other neighborhoods and we go for a run thanksgiving we actually that's one of the most fun times for us to actually give back to the community giving gifts and then once you learn what they want we also go back in christmas and we give the kids gifts and and we've been doing that since they were nine ten years old And they remember that from all the holidays.

Speaker 2 That's the magic moment.

Speaker 2 Like that, you know, with that kid, kid, when we give them that bicycle, when we give them that scooter, like it lit up, they actually love doing that as opposed to just receiving presents.

Speaker 2 So I think part of as a family, it's so important for you to teach your kids that money is not just meant for you to keep. Money is supposed to circulate.
You have to give back.

Speaker 1 What about as a business owner or a brand?

Speaker 1 Why do you think it's an important component to have some type of charity philanthropy tied into a brand or just for the employees, the clients, the vendors, the customers to see you as a leader of this company, have some type of charity component.

Speaker 2 You know, at the end of the day,

Speaker 2 every entrepreneur is focused on making money.

Speaker 2 But if that's all you want to do, you're going to have a short-term life.

Speaker 2 The biggest opportunities that I've had to be in rooms, actually, my first event, I was in a fundraiser.

Speaker 2 there was a movie producer. I don't know if you know the author Eckertolli of the book, The Power of Now.

Speaker 2 I've never heard of him before. So for me, everything was brand new.
But they were raising capital to raise money

Speaker 2 for the movie. So the guy comes out of the stage, having this conversation.
He tells me, so what do you do? I said, I want to risk the company, but I'm putting on a seminar. Maybe

Speaker 2 you want to speak at my event. I could help you raise money.
He said, absolutely. Here's my card.
I had no seminar. I don't know where that came from.

Speaker 2 I looked at my wife and she was like, what are you talking about? I was like, I don't know. I just came.

Speaker 2 like i'm gonna put a seminar like now we got a seminar so i said you know what i'm nobody the guy probably just forgets about me he's a big producer in hollywood the next day he calls me hey raul we met you know i'm interested in knowing more about your seminar all right like i ignore him he calls me every single day for a week come on and i'm like i was so embarrassed i call him i said oh you're probably not interested but you're real estate guys very unconscious behavior not like not like a cartole we we drink like we we talk about money goes

Speaker 2 when i met you somebody told me i have to support you so whatever you do i'm i'm there wow so i had to put a seminar yeah for sure now i can't look bad because that's you know i told this guy

Speaker 2 so i i looked around and and i said well where does everybody go to put seminars that's veggies they're great that's vegas it's picking place out there i called the win i said do you have these dates i looking back now i was constantly trying to sabotage my my first events.

Speaker 2 I picked two weeks before Christmas. Oh boy.

Speaker 2 They actually had available. I called that guy back, says, hey, this is the dates.
He goes, I'm in. I'm in.
Fuck. So now I have to come back.

Speaker 1 September 15th. Here we go.

Speaker 2 So now I have to get speakers because I've never spoken before. So guess who I go? Who's my first speaker? Do you think?

Speaker 2 Now knowing me in this, in this arena, who do you think I call first to be a speaker in that event? I think it was Garrett J.

Speaker 1 White.

Speaker 2 Garrett J. White.
Really? I just met Garrett about a couple of weeks before that event in a stage.

Speaker 2 And I said, hey, maybe this guy wants to speak at my event. I called him up and said, hey, I'm going to have an event in Las Vegas.

Speaker 3 Would you come down to speak because you know it's so happening

Speaker 2 i have an event there so i'll be there too wow so now see all these words are colliding right

Speaker 2 yep so at that event one of the things that we had to do is i took them the attendees to a hospital for christmas to visit kids that had cancer that had um uh an illness that you know that they were hospitalized

Speaker 2 that was the most impactful thing that we could have done. We took a couple hundred people into the hospital giving gifts.
Wow. Like matching Garrett, like, you know,

Speaker 2 like interacting with kids, all the speakers.

Speaker 2 And that event created such a magical pivot in our lives that every speaker wanted to support me because I had that component, the component of giving back.

Speaker 2 The component of actually doing something, not just a seminar, not just like this in our lives. But now we're actually going to do something for the community wherever we went.

Speaker 2 All right.

Speaker 1 So there's only one question I've asked on all 200 plus episodes, and I've never gotten the same answer before.

Speaker 1 Hopefully, it's not until 100 or 200 years from now when you finally pass away. What percentage of your net worth do you leave to your children?

Speaker 2 I look at net worth not just in money.

Speaker 2 My

Speaker 2 net worth that I like to think that the value is more the time.

Speaker 2 We're empty nesters now. My wife and I, we looked at each other like, like people say, I'm empty nester because my kids are in college, they moved out.
But I feel like a full nester.

Speaker 2 I don't know if that's even a word because we give time to our kids. We spend time with them.

Speaker 2 But I want to let my kids know that they can depend on me to provide for them. They have to go there and create their own.
I'm going to provide opportunities. I'm going to create,

Speaker 2 I want to live an opportunity for them to create, but I cannot

Speaker 2 from stop them from doing their own lives. So my kids know, like my dad leaves, that's it.
It's done. That's it.

Speaker 2 I want them to know that they have to work to create their own legacy. I'm going to create my legacy, but they have to create their own legacy.

Speaker 2 So ideally, I would like to give my kids the net worth of knowing their value, their capacity to produce. but at the same time the opportunity to provide for themselves.

Speaker 1 So where can people find you on social? Where can they find the edge? Where can can they find everything about your ecosystem?

Speaker 2 I'm very active in Instagram. They could just send me a DM, an Instagram, RaulTheEdge.
We also have a podcast. We did a podcast actually a couple of months ago.
It was great.

Speaker 2 Got great feedback, the King's Code podcast. But right now, we're focusing on supporting the movement of the men in the arena.
I want to see this event with 10,000 men. Amen.

Speaker 2 That's my vision, 10,000 men. So I know it's coming.
And I know we're going to need every single one of you to start supporting because it's not about competition.

Speaker 2 There is billions of people in this world,

Speaker 2 men are dying every single day because they don't have a brotherhood, they don't have connection. I am convinced that the reason that God put Garrett and I together is for moments like this.

Speaker 2 We're creating a movement, a global movement, that men go into the arena to find their edge to get this shit together.

Speaker 2 Because I believe that this is the moment that men need to fucking step up and lead because you are the fucking problem, but you're also the solution.

Speaker 1 Appreciate you for being here. As you guys know, these podcasts, it's very important for you to like, comment, subscribe, and share.

Speaker 1 When you hear the things today, there might be someone in your life that you should forward this to, and it might not just be today.

Speaker 1 You might think back on this episode two, three weeks from now, two or three months from now, and want to forward what Raul said. So, check him out on social media, Raul with the Edge.

Speaker 1 Make sure to like, comment, subscribe. And we will see you guys next Monday here at themoneymondays.com.

Speaker 1 Ladies and gentlemen, welcome to a very special edition of the Money Mondays podcast, where we cover three core topics: how to make money, how to invest money, how to give away to charity.

Speaker 1 Normally, I do this podcast inside of an RV motorhome that I travel around the country in. And normally, I only have one guest at a time.
But tonight, we are inside of an arena, a Merit Bank Arena.

Speaker 1 We just finished the Man in the Arena tour. We had Tim Story, Trent Shelton, David Goggins, so many amazing speakers.
This is the event I do with Garrett J. White.

Speaker 1 This was the second time we've thrown it, first time in in Salt Lake City. This time out here at the Merrimake Arena in Florida.

Speaker 1 So, as you guys know, these podcasts are typically around 30 to 35 minutes because the average workout is 35 minutes. The average commuter work is around 40 minutes.

Speaker 1 So, we keep these episodes to around 35 minutes for your listening pleasure. Without further ado, can I get both of the guests to give a quick two-minute bio so we can get straight to the money?

Speaker 3 Right on. Well, thank you.
Appreciate you letting me come on here. My name is Aaron Chapman.
I am an author. I'm into

Speaker 3 the real estate finance game. I've been doing that since 1997.
Also a grandfather, which is an interesting environment to be in. Husband and now author, published author.

Speaker 3 And I'm excited to come on the show and talk about business, talk about the book, and also introduce my brother Eric Chapman, who illustrated this piece of art. Yeah, thanks.
Brother, tell us.

Speaker 3 Yeah, my name is Eric J. Chapman.
And

Speaker 3 father, husband.

Speaker 3 Illustrator, now book illustrator. I'm a fine oil painter is more what I do, but this opportunity came to me, and it's been an amazing experience to do.

Speaker 3 Tell us,

Speaker 1 you sound busy. You got a lot of things going on in your world.
Why decide to write a book?

Speaker 3 I was at an event, much like what we had here, and Robert Allen spoke. Well, we all know who this man is, a powerhouse in real estate, author, one of the

Speaker 3 New York Times bestsellers way back when you couldn't manipulate it, right? And he was speaking not on real estate like he normally did. He was talking about books and how to write a book.

Speaker 3 Well, I had published other books, but everything he said you shouldn't do i did on the other books so i cornered him so okay i'm gonna need your help i'm gonna pull these back from the publisher i'm gonna finish them he's like no you're not and the longer we talked because you're gonna write another book from scratch from scratch i'm like i don't want to write another book i've already written it yeah but i've already got 800 pages that i need to correct

Speaker 3 so what i had was i i had this crazy idea i had my 800 pages another publisher right said nobody gives a shit Make something that somebody will give a shit about.

Speaker 3 I was on a call with one of my

Speaker 3 brother-in-law and he said, hey, you should actually break up your chapters into individual little books. So I published those, kind of like the dime novels of the 1800s.
They were kind of cool.

Speaker 3 But Robert, when he described what I did, I did it wrong. And I asked him to fix, he wouldn't let me fix.
I said, okay, then what am I? So what's this book going to be about? He goes, you tell me.

Speaker 3 Well, I'm not the one wanting to write it. So then we got talking, talking, talking more, and then we hit something.
And he said, I'll help you with the outline, but you go from there.

Speaker 3 So after we did the outline, I just started writing. And it started to just flow.
And in five months, it was done. And I would send him a chapter at a time.
And he had said, this is perfect.

Speaker 3 Keep going. I'm like, what do you mean, perfect? You're Robert Allen.
You're the most critical son bitch I've ever met in my life. When he sees a book that's crap, he'll tell you, this is crap.

Speaker 3 He'll throw it.

Speaker 3 He goes, perfect. Go.
Hit another one. Hit another one.
Hit another. Then we're 13 chapters in.
He says, you need to illustrate this book. I'm like, how am I going to illustrate this book?

Speaker 3 Who do I get for an illustrator? Do you have an illustrator? He goes, no, I've never illustrated in my books. Like, okay.
So what do you think I do? He says, call an artist. I'm like, I only knew one.

Speaker 3 So I called Eric up and said, do you illustrate books? He's like, no, I don't illustrate books.

Speaker 3 But yeah, illustration was, I mean, I did one book before. I mostly do, you know, oil paintings for people's homes and whatnot, portraiture and landscapes and all that.
But

Speaker 3 I kind of didn't like the process when I did it the first time. It was all right.
But after I kind of got Aaron's vision of what was going on, it really intrigued me.

Speaker 3 This was going to be a different approach than anything I'd ever done. And,

Speaker 3 you know, how can I say no to that, right? I love a new experience.

Speaker 1 So on the painting side of life,

Speaker 1 some people paint for money. Some people paint for passion.
Some people paint for their livelihood and to pay the rent.

Speaker 1 Some people paint and make extravagant prices, and some people make it for 50 bucks and 500 bucks or 1,000 bucks.

Speaker 1 How do you decide as a painter what to charge for your work when it's typically up to the value that either you perceive or your customer perceives?

Speaker 3 For me, I charge based off of size and medium.

Speaker 3 And there's a certain element where, you know, over time, I've kind of developed an idea of how long something's going to take, how much effort is going to be involved in there.

Speaker 3 But so as to not feel like someone's getting, like if you had two paintings the same exact size, same exact medium, and one costs more than the other, you know, clients, you know, they scratch their head about that.

Speaker 3 So I try to keep it that way just based off of that.

Speaker 3 And it also started out to be a lot cheaper endeavor. I mean, we were going with 14 paintings.
So it was actually 13 paintings just because of 13 chapters.

Speaker 3 And then after he read Robert's Ford, because after Robert finished the book, he wrote a Ford that was unbelievable. I still can't believe that a man like that would write a Ford like that.

Speaker 1 He wrote the Ford?

Speaker 3 Robert wrote the Ford. Dolph DeRuss wrote my afterwork.
He's illustrated the book. So then Eric, we were driving down the road to my dad's place.
I said, you should illustrate the Ford.

Speaker 3 He's like, what do you mean? I said, no, do the same thing you did with the chapters.

Speaker 3 He took like the illuminated manuscripts from the 1300s, you know, the religious books, and he rednecked it up for the cover of every chapter.

Speaker 3 So every chapter when you read it, it's painted into the cover art for the chapter.

Speaker 3 Well, then I wanted the book to look like something you'd pull off the Vatican Wall, an old beat-up leather-bound book. And I said, you should actually illustrate the forward too.

Speaker 3 So after reading the forward, he painted what his mind had for the forward.

Speaker 3 Well, then we went to find an editor. And his wife is a professional editor.
She was too busy. She says, hey, call these three guys.

Speaker 3 I reached out to them and said, hey, I've got a book that Robert Allen wrote the forward for, and I need somebody to edit it. Like, oh, Robert Allen wrote a forward.
We'll take a look at it.

Speaker 3 But then they started bastardizing my book. They would rewrite it to how they would write a book.
I'm like, that's not my book. Well, that's how I edit.
I'm like, well, then you're not my editor.

Speaker 3 So I called another guy, you may know him, Alan Stein Jr.

Speaker 3 He wrote, Raise Your Game and Sustain Your Game. I'm like, buddy, I need some help.
I need an editor whose balls are attached and not there for decoration. He's like, what do you mean?

Speaker 3 I said, every editor I've talked to wants to bastardize my work. I need somebody who will dig in and just do it how I did it.
He gave me a name. So I reached out to this guy.

Speaker 3 He goes, send me the manuscript.

Speaker 3 The guy read it within a week, got back to me, and goes, I'll publish your book. Wow.
It's like, what do you mean? Publish my book. I'm going to get an editor.

Speaker 3 He goes, and then he sent me his information. He was the CEO of a publishing company.

Speaker 2 Wow.

Speaker 3 He says, this book needs to get published. Not everybody's going to like it.
Not everybody needs it. But the people who do need it badly.

Speaker 1 What's the title of the book? What's the name of it?

Speaker 3 Red and Economics.

Speaker 1 Explain.

Speaker 3 it's basically the economy of an ass beating

Speaker 3 just like goggins talks about just like white talks about just like what you talk about life is a series of beatings and it's going to sort you you're either going to step up and take the beating and get what it's going to give you and then plan the next beating you're willing to take to achieve what you want to get or you're going to let it just push you down into the ground you're going to fade into nothing This is me giving people

Speaker 3 the formula to plan the beating you're willing to take. And being and I grew up, we both grew up cattle ranching together.

Speaker 3 We've been through the beatings and how it is to be successful in that type of environment, really any environment. And it was me taking those values and applying this here.

Speaker 3 And then other people putting their name behind it, Robert Allen, Dolph DeRuss, that publisher, and other people who have read it and put their endorsements on that to me is monster.

Speaker 3 And I still sometimes can't believe that they would put their name behind it.

Speaker 3 But now we're out trying to, and yourself, allowing allowing us onto your podcast to talk about our work that we pray has a dent just in at least one listener's life. Yep.

Speaker 1 So we talked a little bit about the making money side. Let's talk about the investing side.

Speaker 1 Once someone starts to make money in their career, they want to invest into real estate, how would they decide, I'm going to invest into Airbnbs or I'm going to buy short-term fix and flips or I'm going to buy multifamily or commercial or storage units or RV parks.

Speaker 1 There's so many options. What would you say to someone how to figure out what might be right for them?

Speaker 3 See, I'm talking to the individual and finding out what's the point. Why do you want to get an investing? What's investing going to do to you?

Speaker 3 A lot of times people think that when it comes to real estate, it's a very passive thing, just like going to the stock market. Oh, I just put a down payment, closing costs, and it just pays you money.

Speaker 3 I was like,

Speaker 3 no, you're now becoming a business owner. This real estate is a business.
You have to create the business.

Speaker 3 So instead of selling them on, hey, go to this guy and get the real estate and I'll do your financing. I'm like, let's dig down to where you're heading.

Speaker 3 And most of the time, it's because people want to leave a legacy to somewhere. A legacy has been defined as money, but it's actually

Speaker 3 leaving behind a process, systems, thought processes, leaving behind what you did to create that. So I take them all the way to Bread Bedrock.

Speaker 3 Let's figure out how you're going to put that capital together. Let's get

Speaker 3 your entities in place, get your trust, get your holding company. Let's start the LLCs and I start working on the financing for that.
But let's understand what's going to create the most value.

Speaker 3 in the real estate itself, right? You can go all kinds of directions, as you just said.

Speaker 3 But let's look at what I believe is the most valuable per square foot real estate, which is a single-family home. They're not making much more of them.
It's becoming scarcer and scarcer and scarcer.

Speaker 3 And if I want to get my tinfoil hat on, we can go all the way back pre-crash and all the things that have happened that led to the hedge fund that hold the bulk of the real, the single families out there are turning our society into a subscription-based economy.

Speaker 3 If they don't get in on that subscription providing part of it, then they're going to miss out.

Speaker 3 So I want to get people into that part of it because easiest to get into, easiest to get out of if things get bad. But also understanding that is the biggest value and that is the leverage itself.

Speaker 3 We have grown up in an environment where people want to tell you that the mortgage is debt and that you're going to be beholden to this thing for 30 years. So put extra in and pay it off.

Speaker 3 Do the debt snowball. And I'm trying to tell them to stop.
Quit listening to that. That's the banking world trying to program you.
When you have an environment where

Speaker 3 somebody's willing to come in and give you 80% of the capital for your business, but take no stake in the business, let you keep that business, yet somebody else pays them back at a small percentage every month for the next 30 years, and you get to keep the asset that appreciated.

Speaker 3 You get to keep the asset that somebody else paid off. You get the tax benefits.
You get the cash flow. Who wins? It definitely ain't the bank, and it sure as hell ain't the renter.

Speaker 3 The other thing that's awesome about the bank, but people don't understand is that you're paying it back with the U.S. dollar.
I like to illustrate something to the people with this.

Speaker 3 Let's go back 30 years ago. It's actually a little more than 30 years ago.
I walked to my very first Taco Bell in 1994. It's Moses Lake, Washington.

Speaker 3 I bought two crunchy tacos, two bean burritos, and a drink for $1.99. What does that cost right now? Now, you probably don't go there, right?

Speaker 3 Somebody in this room might know, but right now it's $14

Speaker 3 for those items.

Speaker 1 For two tacos and what?

Speaker 3 Two crunchy tacos, two bean burritos, and a drink. It's $14.
It was $1.99 back then. Of course.
In 30 years, it swung over 800% in the buying power of the U.S. dollar.

Speaker 1 800%.

Speaker 3 In the buying power of the U.S. dollar.
And it's not because they made bigger burritos and bigger tacos. And it's not because, you know, RFK Jr.

Speaker 3 now discovered it's a senior superfood and he's telling the whole world.

Speaker 3 It's because the dollar's buying less. I'm going to pass this to you.

Speaker 3 Tell me what that is.

Speaker 1 Well, it looks like a Susan B.

Speaker 3 Anthony, but it's gold version.

Speaker 3 It's a gold liberty. And it tells you the denomination on the back.
It's an 1888 U.S. gold coin.
It tells you how many dollars it's for.

Speaker 1 I don't see it.

Speaker 3 It's in the band, kind of.

Speaker 3 It'll tell you it's 20 bucks. It's kind of hard to read on that one.
Yep. That means it's the same as this.

Speaker 3 Will this buy that?

Speaker 1 Will the $20 buy a $20 coin? Yeah.

Speaker 3 Will it buy that $20 coin? This $20 coin?

Speaker 3 Not today. What's the price of gold? Gold? A lot.
It's over $4,000.

Speaker 3 This $20 won't buy my socks.

Speaker 3 But in 1888, actually up until early the 1900s, that gold coin would get you a hat, a hand-tailored suit, a shirt, a tie, a pair of socks, and a pair of shoes.

Speaker 3 And like I said, this won't buy my socks. So why is it that that 20 bucks is not this 20 bucks?

Speaker 3 What's interesting about a loan to people to be able to buy real estate, you get to pay it back with this, not that.

Speaker 3 So that means when you get a $200,000 property and you put 20% down, you're financing 160,000. You're paying them back every month for the next 360 months.

Speaker 3 And the math tells you you're going to pay $420,000 for that $160,000 loan. But when you look at what's happening to this, you're actually paying $152,000 or less.

Speaker 3 You pay back less than what you borrowed. So that's why the banking world has convinced people you need to pay it off faster.

Speaker 3 that you need to do the debt snowball, and that you need to take your extra cash flow and pay them back. They want their money back faster so they can put it into somebody else's hands.

Speaker 3 The longer you take the pay, the less you actually pay. And when you refinance for rate, you're being taken advantage of because it's not about the dang rate.

Speaker 1 How much is that coin now?

Speaker 3 That coin right now is about $4,700 to $5,000.

Speaker 1 That coin? That coin.

Speaker 1 That's a lot more than $20.

Speaker 3 A lot more than $20.

Speaker 3 Because this is backed by nothing.

Speaker 3 Absolutely nothing.

Speaker 3 If you look at what's happening in the world today, you look back at interest rates, people keep wanting to know, the rates are going to go down, the rates are going to go down, the rates are going to go down.

Speaker 3 They're not going to go down unless we start doing quantitative easing again. That was started on, it was announced for the first time at the end of November of 2008.

Speaker 3 We all know what happened in 2008.

Speaker 3 And that from that point on, November 25th of 2008, all the way up until the end of 2021, there was a lot of capital that was printed, shoved into the economy to keep our rates down.

Speaker 3 What's interesting about that date, if you look back after we had quantitative tightening where we went down, the rates spiked up in 2022, every time we've hit the level in the mortgage-backed securities that was set up that day in 2008, every time we hit, we bounced off of it, bounced off it, bounced off it.

Speaker 3 We are presently right now at the lowest rates that we should have unless moved upon by more quantitative easing by the by the federal government. And I think they're going to do it to crash the U.S.

Speaker 3 dollar to get us into a digital currency.

Speaker 1 All right. On the charity side of things, talking about making money, investing money, but giving it away.

Speaker 1 Why do you think it's important for a family household to have some type of charity component, whether it's financially, emotionally, or taking the kids out, taking the parents out, taking the friends and neighbors out to an actual, you know, give back, feed the homeless, clean up the beach, go to a senior citizen home?

Speaker 3 Well, one, it's commanded. It's biblical.
So money is a resource. I look at it just like a river.
As it's flowing,

Speaker 3 all the big cities started growing up around rivers, correct? But then when it gets dammed up, what ends up happening? When it pulls up, it becomes corrosive, right? It'll eat things.

Speaker 3 It will kill things. It needs to move.
And it doesn't just need to move for the purpose of you, because then you become a corrosive person if it's just for you. It needs to go to something bigger.

Speaker 3 And we need to build up that charity. I think that if we as humans became more charitable, we wouldn't have a lot of the problems we have in the world today.
Right?

Speaker 3 And I think that as far as the charities are concerned, it gets us out of ourselves, gets us to become aware of more things around us than what's in our own heart, and we don't become corrosive people.

Speaker 3 Yeah, if communities don't give to communities, who will? If families don't give, then

Speaker 3 you've left it to the government to do it.

Speaker 3 And that's not helping anybody. Well, they use that for slavery.
People giving it to people is to elevate, become more.

Speaker 3 I think we become more by giving.

Speaker 3 What's interesting about that is the more I let it flow into the source of giving, and I don't worry about that source of where it's coming from, more just seems to come.

Speaker 3 I've never had to worry where the core capital is coming from when I'm giving it.

Speaker 3 When I have to worry about it, it's when I'm keeping it.

Speaker 1 So there's only one question that I ask every single time on every single episode. It's been 200 and something and 240, I think, episodes.
And I've never gotten the same answer before.

Speaker 1 And I'm definitely not going to get the same answer tonight.

Speaker 1 50 years from now, 100 years from now, when it's time for you to finally pass away,

Speaker 1 what percentage of your net worth do you end up leaving to your children or your grandchildren?

Speaker 3 Well, at that time, it'll be 100% of the net worth that's left, whatever it is.

Speaker 3 The intent I have right now with the family trust and with the holding companies and the LLCs and every single member of my family is living in a house that's owned by the trust.

Speaker 3 They pay the trust, and thy children are all beneficiaries of that trust. I will use up all the cash capital that I have available to me, but the life insurance policies and all the things go to them.

Speaker 3 What legacy I leave to them is what to do with it. I'm not leaving them capital because the money never really leaves the trust.
It's how do they perpetuate it?

Speaker 3 How do they ensure that the next generation has something as well and the generation after that?

Speaker 3 There are certain rules in place that they all have to abide by to be able to sit on the board of the trust to decide what the money is done with or what's done with the money.

Speaker 3 If they don't meet those obligations, they don't get to vote, but they don't get to take it out either. They get to perpetuate it.
And that's the job.

Speaker 3 That's the goal is to make sure that the next five, six, seven, eight generations are still perpetuating that. And it's not for the sake of the family name or Aaron Chapman, right?

Speaker 3 I'm the first in my family to have ever created this and started perpetuating. I'm teaching that to my clients.
I'm showing that to every single one of the clients.

Speaker 3 I'm creating a software to help them to track it and manage it. So if something happens to them, their family can log in and see it.
I love that.

Speaker 3 It's not paperwork locked up in a safe. It's not looking for keywords in a Google Drive.

Speaker 3 It's literally built in a way that they can click and see everything and they can access every point and they know exactly where it was drawn to.

Speaker 3 Because I'm tired of seeing generations being left behind.

Speaker 3 I watch my grandkids. I got three little grandkids and they walk up.
I see them and they don't have a chance. And unfortunately, their parents have not been given a chance.

Speaker 3 It's up to me to create the chance for both. And so the legacy that I am leaving is the knowledge of what to do.
What they do with it is up to them.

Speaker 1 What do you think?

Speaker 3 I'm an artist. I'm supposed to be starving, right?

Speaker 3 Isn't that how it goes?

Speaker 1 Well, eventually your paintings may be worth hundreds of thousands of dollars.

Speaker 3 Yeah, it's possible. Anything's possible.

Speaker 1 But what if 50 years from now you've sold 100 paintings and they're tens of thousands, 50,000, 100,000 each, and you've actually amassed wealth.

Speaker 1 from this passion project that you had on the side and it becomes

Speaker 1 something that builds fortune.

Speaker 3 Mostly bought by the Fleischmann family. Yeah, there we go.

Speaker 3 I'm not sure.

Speaker 3 You know, I'll be honest. It's not something I've actually even thought about.

Speaker 3 See, in my family, whenever somebody died,

Speaker 3 there was a big fight.

Speaker 3 You know, we're talking about when a grandparent on both sides of our family. And it was a mess.

Speaker 3 My father, right now, he's just coming to us directly directly and saying you want this you want that you want you know and so it was kind of one of those things where it was in my mind

Speaker 3 that thought was like kind of a pariah and maybe i haven't addressed it because of that because it because i saw family my own family get broken up by it yep it was it was interesting to watch on both sides my father's side and my mother's side.

Speaker 3 What's interesting, they have lost contact with their siblings over that kind of stuff.

Speaker 3 Fragmented. Absolutely.

Speaker 1 I hear the stores all the time.

Speaker 3 Oh, yeah. My dad's trying to keep it all together.
My dad has more money now than he's ever had in his entire life. He's 70.
He's 79. 78.
78. He's turning 79 here real soon.

Speaker 3 He has more money than he's ever had in his life. And we finally got him to put together a trust and put it all together for my siblings.
I did not want to be part of it.

Speaker 3 I helped him put it together. I helped him get collect what he needed to get and get all that stuff in place, but made sure that was not written into it.
It was written into it for my siblings.

Speaker 3 And if he were to write me, if I wasn't included, I wouldn't care because I don't want to fight my siblings. Yeah.

Speaker 3 we're not going to perpetuate that. Yeah, and I'm not trying to cut you off.
I guess I'm playing. No, that's okay.

Speaker 3 But it's something that I see my siblings struggle. I see them fight through things.
I've been blessed monetarily to not have to fight those, but I still fight. I mean, let's just be honest.

Speaker 3 We're both, that's what we're here for because the battles and the hell and the destruction is that you're out slaying the dragons all the time.

Speaker 3 And sometimes you can't even come home and take off your armor because you need to keep it on there too.

Speaker 3 And it gets exhausting. But resources I have, resources I can use, I'm not going to take from others.
And that's one of these things I think is probably

Speaker 3 one of my Achilles heels, but also my greatest strengths is I take from no one. I'll go earn everything that I get, and I'll make sure that whatever it is I do, people benefit from.

Speaker 3 But it's also something that is also Achilles' heel because I ask from nobody. I will suffer.
I will walk 100 miles for a call for a ride. That's true.

Speaker 3 And I don't let people's lives be blessed by helping me, and it's wrong.

Speaker 3 Damn it, I'll go bless other people's lives, but I'll go walk 100 miles to carry them the 100 miles that they would have walked if I have to.

Speaker 1 All right, so where can people find the book, find you, find you guys on social, tell us everything?

Speaker 3 So you can go to aaronchapman.com. It's probably the easiest way to place to find me.
The book itself will be getting sold on quitjerkinoff.com. It's also going to be on Amazon.

Speaker 3 It's going to be on Barnes and Noble. It's going to be all the other places like that.

Speaker 3 S-G-O-C- underscore Aaron. It's where you'll be able to find me on Instagram.

Speaker 3 And, you know, that's me.

Speaker 3 My Instagram handle is at Eric J. ChapmanArt.

Speaker 3 I know it's long. You know, E-R-I-C.

Speaker 3 And then I have a website, ejc-art.com. I will have a piece

Speaker 3 in a group show over at the Brenning Gallery in Scottsdale come December.

Speaker 3 That's for the month of December. It's their 12 by 12 show.
So if you're in Scottsdale, December, I believe the 11th is the grand or the

Speaker 3 reception for that. All the pieces are for sale, of course.

Speaker 3 and last year i mean my piece sold before the show even started so to another artist which is amazing yeah one of one of the guys that he this guy has been looking up to for decades

Speaker 3 bought his piece which is complete he has quite a collection it's uh it was i was very flat it was amazing for me to walk in and see that see the whole situation i'll just tell you about this thing here it's not going to get released till july 13th of this next year actually my dad's birthday But this piece here, this book, I have an enormous amount of capital tied up in this book.

Speaker 3 And he gave me... There was like 61 illustrations in there.
And he gave me an enormous discount, even at $47,000.

Speaker 3 So a person buys this for $28, you're getting $47,000 worth of artwork to hold in your hand, which is, to me, an amazing bargain just in that, even if you don't like the words.

Speaker 3 And then, quite frankly, I even tell you right in the first paragraph, throw the sunbitch away if you can't stand it. But somebody is going to read it and somebody's going to get something.

Speaker 3 But I will say, everyone that's looked at that book, especially if we've been at this event,

Speaker 3 oh my gosh, nothing but positive. Everybody that has, you know, the thumb through it, read through it, check it out.

Speaker 3 It's their feedback has been incredible.

Speaker 3 And we're extremely appreciative to be here, by the way. And as far as the time, I'm not sure how we're at in our 35 minutes, but I do need to share.

Speaker 3 I didn't let my parents read the manuscript. I intentionally didn't want to read the manuscripts.
My mother has a lot of influence on me. I mean, she's 73 years old.
I'm a 51-year-old man.

Speaker 3 She'll still chase my ass around the house with a chonkla.

Speaker 3 I have a Hispanic mother.

Speaker 3 I finally let her read the book after it was in print.

Speaker 3 And she asked me when it was getting close to the end of print. She goes, could you read this to the Savior? I said, he's already read it five times, mom.
I don't know what to tell you.

Speaker 3 She finally approached me after reading. She goes, yes, you can.
And she goes, let me tell you one more thing. I wished I had this to give you when you turned eight.
Now, she read it five times.

Speaker 3 She called me the other morning, actually the morning before I came here, before you guys invited me out here. I'm working out.
My phone rings my mom at six o'clock in the morning, in the morning.

Speaker 3 She goes, can we talk about your book? I'm like, oh, she finally found something. She's going to bust my chops over something here.

Speaker 3 And she goes, I just finished your book for the fifth time, which blew my mind. I asked her, how many books have you read five times? And she says, only scripture.

Speaker 3 She's read thousands of books, but never anything else five times. And she sent me a picture of the last page where she wrote in it.

Speaker 3 She goes, on that fifth time, she goes, I finally have decided to give, I finally found the strength to forgive myself for the failings as a mother.

Speaker 3 Now, I don't remember a whole lot of failings. I remember a lot of volatility in our life.
My mom's a very passionate woman.

Speaker 3 But for my own mother to be able to do that. Then I looked at the picture of what she read, what she sent me.

Speaker 3 As I read the page where she highlighted, above where she started highlighting, it says in there, if you've gotten this far, you're only 20% done. You got four more reads.

Speaker 3 I don't know why I wrote that when I wrote it, but now I know it is for my own mother.

Speaker 3 And let me tell you something.

Speaker 3 There's something special about being able to create something.

Speaker 3 that does something for the most important woman in your life that raised you.

Speaker 3 Now, aside from my wife, there is nobody more important to me than my mother. And it changed her.
And it gave her some strength that she couldn't find somewhere else.

Speaker 3 And if that's all I got out of this book, then it's worth every dang cent I put in it.

Speaker 1 All right, guys, you know what to do. I want you guys to check them out across social media platforms.
Check out the book. Check out their websites.
Check out the art.

Speaker 1 When you hear episodes like this, it's not just about yourself.

Speaker 1 There might be people in your past, present, and future that should be hearing these things, hearing from guys like this that have built businesses, gone after their passions, writing books that changed their lives and

Speaker 1 opened up people's eyes to different things and aspects. And too often we just think about ourselves.
We have to be able to talk about money. We have to be able to talk about business.

Speaker 1 We have to talk about these things that go on in our world because it's part of our daily life. Money is not the root of all evil.

Speaker 1 It helps pay for your family, for your hospital bills, for situations, for groceries, for electricity, and all the things that go on in your world.

Speaker 1 There's a very tiny, tiny, tiny, tiny subsection where the evil part comes in. The other 99.999% of money is used for good.
It's used for a useful tool.

Speaker 1 And so we have to have these blunt discussions about it. So, like, comment, subscribe.

Speaker 1 The whole reason we've been able to do this podcast, I spent 70 grand a month for the last two and a half years to just keep it free. There's no ads here.
There's no commercials here.

Speaker 1 I want you guys to listen through these short and focused episodes. So you'll actually listen through the whole thing.
We have a 93% listen-through rate. So I'm going to keep it that way.

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Appreciate you guys. Check them out across social media.
And we'll see you guys next Monday here on themoneymondays.com.