What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106

Speaker 1 You can't force everybody to be successful. Like there's 8 billion people in the world.

Speaker 1 Not everybody wants to be

Speaker 1 like a billionaire. Like some people are happy just being average.
Most people are.

Speaker 2 Ladies and gentlemen, welcome to a special edition of the Money Mondays podcast. As you guys know, 99% of the episodes are filmed inside of an RV motorhome.
We have done 106 episodes.

Speaker 2 103 of them have been RV motorhome. But Albert Preciado said, swing by the penthouse office here on Sunset Boulevard, and I will set up the Money Mondays for you.

Speaker 2 So here we are, making a special exception for my dear friend over here, Mr. Albert Preciado.

Speaker 2 So as you guys know, the way it works is we cover three core topics, how to make money, how to invest money, and how to give it away to charity.

Speaker 2 So we're going to go through how did Albert build up a real estate company, mortgage company, sales company, training company, all these things up inside this penthouse over the last, what, five, six seven eight nine ten years now i mean i it's been really been 20 years 20 years in the game 20 years but as a business owner 13 years 13 years yeah all right so what we're gonna do is this is very important we are going to break the mold of what you grew up with thinking that it's rude to talk about money i think it's rude to not talk about it and i've watched albert break through and tell people about why it's important to have money, why it's important to make money, why it's important to build up wealth inside of their society, inside of their households, etc.

Speaker 2 And so we're going to go go into those type of questions. But first, Albert Preciado, give him the quick two-minute bio so we can get straight to the money.

Speaker 1 You know, just a Mexican-American kid, first generation, I came here. My parents made me in Mexico, crossed the border for a better future, had me here.
I was born here.

Speaker 1 I didn't speak English till I was seven. And former ESL student, special ed student, college dropout, nobody gave me a shot to do anything in life.
And then I just...

Speaker 1 dropped out of college, got into sales and mortgages. I was selling mortgages.

Speaker 1 And then 13 years ago, I started my my mortgage company and then I made my first millions selling mortgages real estate and then then I got into the whole social media started my personal brand and because of that in 2021 I

Speaker 1 made 30 million in revenue for the first time and ever since then I've never looked back nice all right on the make money side of the topics

Speaker 2 How do mortgage loan officers, real estate, how do they make money?

Speaker 1 So when you sell a mortgage, you make 2.5%

Speaker 1 commission on

Speaker 1 the mortgage amount. So like if you sell a mortgage that's $500,000, you make 2.5% of that.
Got it.

Speaker 1 Just like real estate. If you sell a $500,000 home, then you make 2.5%, 2%, 3%.

Speaker 1 But it's very similar.

Speaker 1 You're just selling mortgages or you're selling the house. But we decided to start a real estate company.
That way, we can double-lend the commission.

Speaker 1 We get paid on the mortgage and the real estate, which led to opening up the escrow company, where now we make a commission on the real estate, on the mortgage, and on the escrow.

Speaker 1 And I'll tell you something: escrow makes a lot of money. Like sometimes you get like $60,000 commissions on escrow.
What? Yeah.

Speaker 1 And so that's why I have that business, but that's the business that made me $30 million in 2021.

Speaker 1 And that's how I made my money like that's when I was 20 20 years old I made $260,000 selling mortgages and then I lost it all in 2008 but

Speaker 1 after that and learning from you and and other mentors I

Speaker 1 I realized that it was very important to create your personal brand and and then to create your brand like your just your company brand which is just bigger than your personal brand now I'll tell you why because like

Speaker 1 Driven is it became a big brand now.

Speaker 2 So like people want to be here.

Speaker 1 People want to be there. People want to speak for free.
People want to pay me a lot of money to speak.

Speaker 1 I get a lot of favors from people. People want to be my friends.
I have billionaire friends. I told you one of my best friends in the world, Neil Patel, he'll see this.

Speaker 1 You know,

Speaker 1 he's really successful. And

Speaker 1 we're always hanging out.

Speaker 1 I learn a lot from him, but it's opened so many doors by just building your personal brand that I told you I'm so excited right now like I'm making more money than ever I can't even like I'm making more money than ever I'm really happy I have my kids my wife I have everything in life there's nothing that I that I don't have and and driven is going to become the next virgin nice yeah so what's the dates for driven driven number nine right march yeah my birthday nice so march 29 I I came up with that date because it's my birthday and I can ask a lot of powerful speakers to speak for free

Speaker 1 because I tell them, hey, it's my birthday, the best birthday gift you could give me.

Speaker 1 Er my let is come to my event and

Speaker 1 it's my birthday. It's going to be the best birthday gift.
So, you know,

Speaker 1 I've been doing that and it's going to be the best event.

Speaker 2 Who are some of the speakers you already have? For German 9 coming out.

Speaker 1 I'm very excited about Mark Shapiro. Mark Shapiro, he owns a bunch of multi-units.
I know all the stuff.

Speaker 1 I know the numbers of how many units he owns. I know what he has.
I know his net worth. but I'm not going to reveal that.
You know, he's a very private person.

Speaker 1 I respect him, but I'll just tell you that he's like, if you guys think Grant Cardone is big, like Mark Shapiro is big. And so we have Mark Shapiro.

Speaker 1 We have

Speaker 1 Daniel G.

Speaker 1 We have Eric Spofford. He sold his company for $115 million.
We have Dan Fleischman.

Speaker 1 You know,

Speaker 1 we have a lot of heavy hitters.

Speaker 1 I'm about to announce a professional Hall of Famer NFL player. Nice.

Speaker 1 I think Mario Lopez, Nice. Saved by the Bell.
Heck yeah. Josh Altman, the number one realtor in the U.S.
It's a serious lineup. I can go on and on.
Natasha Graciano.

Speaker 1 I don't want to miss anybody, but Brad Lee, you know, Brad Lee, one of my best friends too.

Speaker 2 It's the real Bradley.

Speaker 1 Yeah, the real Bradley.

Speaker 2 What's the website?

Speaker 1 Where can people go? DrivenEvent.com. It's the ninth year, the ninth year of the driven event.

Speaker 2 Why do you think that when a lot of other events are struggling to get three or four hundred people, how do you keep getting 2,000, 3,000, 2,000, 3,000 over and over?

Speaker 1 It's the brand

Speaker 1 that I built, and now people like see the credibility, the track record. So now they,

Speaker 1 it's like I don't even announce any speakers, I just don't even announce dates or nothing, and we just sell out like a year in advance.

Speaker 1 And now, what's made the biggest difference is that we build a sales force. So we have 40 people, 40 salespeople.
What are you saying? 40? 40. Like, like, we We have like 10,

Speaker 1 10 remote and like 30 in-house, but we have the science to it. So

Speaker 1 everything in life has a science to it. Mortgages, real estate, escrows, events, you're the master of that.
But sales, like I'm very good in sales and relationships and vision. Like I'm a visionary.

Speaker 1 Sales very good at operations, my wife. She operates everything.
So sales, there's a science. Like you have people that are appointment setters.

Speaker 1 you know, they're not skilled enough to close because they could burn the lead. We have closers that specialize in closing deals that are solid, so the sellers have to get them solid leads to close.

Speaker 1 We have TOs, people that take over. We have SPIFS, you know, when, like, for example, right now, I told the guys, me and Casey told the guys, hey, you know what?

Speaker 1 If you do this, you'll get this amount of cash.

Speaker 1 My salespeople,

Speaker 1 even if you offer them a million dollars, they wouldn't leave me because the culture that we have here is second to none.

Speaker 1 And then

Speaker 1 our people,

Speaker 1 they work Saturdays, Sundays, and

Speaker 1 holidays.

Speaker 1 And they'll work here till 10, 11 p.m., midnight sometimes. Sometimes they sleep here because

Speaker 1 they're closing deals and

Speaker 1 they fall asleep.

Speaker 2 So what makes a good sales rep, an okay sales rep, and a bad sales rep?

Speaker 1 You need a lot of training. You need a lot of training.

Speaker 1 Give a shout out to Casey, who's right there.

Speaker 1 He came here and he just changed.

Speaker 1 He changed a lot of lives.

Speaker 1 Just like I changed his life, he changed our life.

Speaker 2 I saw the scoreboard out there.

Speaker 2 We have a lot of 80,000, 50,000, 100,000.

Speaker 1 We have our scoreboard, but he's here. His responsibility is like I tell him, hey, you know what, you're only 24.
Like, I have the experience.

Speaker 1 Just be coachable. Always stay humble to learn more.
There's always going to be somebody doing more. Of course.
And you got to remain humble to be disciplined and be a student.

Speaker 1 Because you want to get better. I made all the mistakes.
I don't want you to make the same mistakes.

Speaker 2 You know what's interesting is the wealthiest guys I've ever met, all they do is ask questions. Yeah.
They want to learn.

Speaker 2 You talk about Ed Milette, a guy's worth $700 million, whatever that is. He asks a lot of questions because think about if he learns one little thing and it increases his business by 1%,

Speaker 2 Well, 1% of 700 million is $7 million.

Speaker 1 You know, like, and like, I've seen so many of these billionaires and zillionaires and like watching them interact at dinners yeah and they're asking what do you do how do you do that why do you do that why do you do that way how do you do the structure it who does that for you why do they do that because that one little tidbit if you're doing 50 million 10 million 100 million whatever yeah it changes everything yeah but but practice and and just the systems like every day at 7 30 a.m casey has to be here by 7 30 in the morning they have their sales meeting in the morning that sets up the mood and if you if you have a crappy meeting you're gonna have a crappy production day but ed my let dude i'm about to make a big announcement with Ed Mailette like I love Ed Mailette Ed Mailette always tells me that that I'm the person that reminds them more about him than anybody else in the world he connected me with Marshall Falk

Speaker 1 so like it and he sends me like these long voice notes and we're always talking but but Ed Mailette has been huge

Speaker 1 in my success and he is a huge mentor and somebody I respect a lot.

Speaker 2 So similar question about the sales jobs, what makes a good mortgage loan officer versus an okay one versus one that's not going to make any money?

Speaker 1 You have to be

Speaker 1 well, you need five things. I don't know if I'll remember the five things, but in today's, like right now, for mortgages, it's the worst, darkest times.

Speaker 1 We're going through a crisis, it's worse than 2008. We are in a major recession, especially for mortgages.
So,

Speaker 1 a lot of them quit, a lot of them died, a lot of them,

Speaker 1 they're just

Speaker 1 out. The 1%ers are doing good.

Speaker 1 But what do you need

Speaker 1 to separate yourself in mortgages? Five things. Number one, you have to have a strong mindset.
Because I'm sure, you're used to it. You know that every day you have a plan for the next day.

Speaker 1 And you're like, I'm going to do this, this, this, everything's lined up. You have your calendar and something goes wrong in the morning every time.
It throws off everything.

Speaker 1 And then you have to figure out how to fix it. So when you have a strong mindset, nothing tickles you.
You just know, I'm going to handle it.

Speaker 1 So you need a strong mindset because mortgages are tough right now. You need to be a genius marketer.
So what I mean by that is you got to be on social media. You got to be posting stories.

Speaker 1 You got to know how to market, how to be a marketer, and you got to know how to use social media. If you're not on social media and you don't have a strong mindset, you're going to fail in mortgages.

Speaker 1 Number three, you got to be a top closer, a salesperson. You got to master sales.
If you suck in sales,

Speaker 1 you have no chance in mortgages. So mindset, marketing, sales.
Now, number four, you got to be an expert in your field. So you got to be an expert mortgage person.

Speaker 1 You got to understand all the guidelines. You got to know your shit.
You got to know every single thing. So that's number four.

Speaker 1 The fifth thing to complete it is you got to have extreme work ethic.

Speaker 1 If you're not willing to work 18 hours a day right now, seven times a week in mortgages, And this is both for mortgages and real estate, you're not going to make it. And for me, dude, I enjoy it.

Speaker 1 Like, like where, Today, I text you in the morning out of nowhere. I'm just like, hey, what's up, Dan?

Speaker 2 It's 5.20 in the morning. Yeah.

Speaker 1 Today I woke up at 3. I always wake up 3-4, 3-4.

Speaker 1 And like, Kayla knows this. I wake up and I'm on my DMs.

Speaker 1 I don't even have to do that.

Speaker 1 I don't need to. I have people that do that for me, but I get up and I'll spend like an hour just DMing people back.
Bam, bam, bam, bam, bam, bam.

Speaker 1 And then like around, and then I'm texting them and I'm telling them because Kayla and Casey, they're together. They're a a couple.

Speaker 1 They're one of our favorite couples in the world. And

Speaker 1 Kayla is like,

Speaker 1 I'm texting them in the morning. So then when I'm done, I'm like, hey, Kayla, it's all yours.
You take over my DMs. I'm done.

Speaker 1 Because I like to look through my stories and I'm looking at the viewers. Because people that are viewing your stories every day, they're interested.

Speaker 1 They're like big followers. It's like if I was single and I would go through

Speaker 1 my story viewers, dude, I would I would I would get a it's so easy now to like hook up you know like before it was hard but social media has changed the world for a lot of things so like I'll go through my viewers and I'm looking for customers future customers I'm looking so then after when I'm done I'll be like hey Kayla it's all yours so she takes over

Speaker 2 Special delivery for you thank you the vodka and oranges so on the investing side why do you invest so much into yourself and to your personal brand?

Speaker 2 Does it have a return or is it to build, what is it for?

Speaker 1 Best advice I'll give anybody here,

Speaker 1 especially young men. Young men, I tell them, stay away from women, alcohol, and drugs.

Speaker 1 But the best advice I'll give besides that is mentors. Hire mentors.
Pay people $10,000,

Speaker 1 $20,000, $50,000, $100,000.

Speaker 1 And the second best advice is use credit cards. Like, just swipe your credit card, pay for a mentorship.
One-on-one is the best way of learning.

Speaker 1 I paid 11 years ago, a grand card owner, Patrick Badavid, I paid him a lot of money for one-on-one.

Speaker 1 And that changed my life.

Speaker 1 Because of that, I started my own mortgage company. And then that just, once you become an entrepreneur, you can go back.

Speaker 2 So, as you're building the personal brand, you're getting bombarded with deals. How do you choose what you work on and what you focus on?

Speaker 1 I don't do a lot of things because the day, everybody has the same time.

Speaker 1 So if I have, let's just say I have 13 businesses, but I have one business that makes me 80k a day.

Speaker 1 I'm going to focus my main energy on that business. And all the other businesses, I'm going to spend 5%, 3% of my time.
Same thing with people, same thing with family members.

Speaker 1 If they don't give me any value, if they're not contributing to my 80k a day,

Speaker 1 I'm not going to spend time with them because life is too short. I see people that are aging now, and you know, I want to live the best life when I'm young.
I want to be with my kids when I'm young.

Speaker 1 I want my parents to see major success for me when they're alive. My parents are getting older, they're not in the best health condition.
They're 75 years old. So, time,

Speaker 1 you never get it back.

Speaker 1 It's easy to make money and you could always make more money, but you can never get time back. So I'm going to focus on 80k a day, 80k a day because 30 million dollars a year equals to 80k a day.

Speaker 1 And that's my limit. That's my minimum.

Speaker 2 That's minimum. Yeah.

Speaker 2 So

Speaker 2 people get very distracted by shiny objects.

Speaker 2 You know, they're they're seeing social media, they're seeing people with Lamborghinis and Ferraris and mansions and things, but they're 19, 20, 21, 22, 23, 25, just getting started in the game.

Speaker 2 How can they learn first before trying to just jump right to the Ferraris and Lamborghinis?

Speaker 1 Well, I have a lot of a lot of young I call them kids, but they're young adults. They're like 18, 19, 20, 21, 24 year olds.

Speaker 1 And they always they they they come from like a lot of them come from bad uh mentors and leaders.

Speaker 1 And they they're just bad because they don't they don't they don't have the intelligence, the knowledge, the experience.

Speaker 1 They just don't have it. So they ask me, hey, should I get a car? Should I get this exotic? Should I get this?

Speaker 1 They want to get

Speaker 1 things over their means.

Speaker 1 And me with my experience, being 41, going through a lot of stuff, I mean, you see me, I'm very transparent. I tell you, like, hey, I'm broke.
My credit's fucked up. I made mistakes.
I can't pay this.

Speaker 1 I can't pay that. I have to pay it later.

Speaker 1 Things happen, but an entrepreneur figures them out so i tell i tell you i tell my my guys my girls hey it's not time for a car yet it's not time for don't don't get this you know live below your means yeah save money invest it stack it uh

Speaker 1 it's not it's it's not time yet let's focus on making money let's make a million dollars first Let's have at least half a million dollars in the bank and then you could go get your car.

Speaker 2 Why do you think so many people get stuck in just kind of existing and not trying to accelerate their life and try to make more money?

Speaker 1 I think the one percenters are the one percenters for a reason, and

Speaker 1 you can't force everybody to be successful. Like, there's eight billion people in the world.

Speaker 1 Not everybody wants to be

Speaker 1 like a billionaire. Like, some people are happy just being average.
Most people are.

Speaker 1 so one thing that I'm very proud of is that we kind of force people to be successful So we're calling people, you know, we have 40 people

Speaker 1 and Every person every salesperson makes a hundred calls so we're dialing 4,000 times a day

Speaker 1 and They're getting better

Speaker 1 so we're high pressure salespeople so

Speaker 1 the way we look at it is we're going to change their lives. It would be unethical if we don't close them.
Because we're going to close them and they're going to change their lives.

Speaker 1 There's people here that we've closed high-pressure sale into them giving us their last $10,000 and now they're making $20,000 in one month.

Speaker 1 And this is, I'm talking about their first month, second month.

Speaker 1 So,

Speaker 1 like, people are severage.

Speaker 2 I have the saying.

Speaker 2 If you truly believe in what you're selling, it's rude of you not to sell it. Exactly.

Speaker 2 Yeah.

Speaker 1 If you think you're going change someone's life you should stay here till midnight and so I've always thought like that but before it was like girls I thought it was it would be unethical if I don't close her

Speaker 2 a thousand later yeah

Speaker 2 so why do you think it's in our society the last I mean all of it until recently and maybe even in some households still recently why do you think it's rude to talk about money why do you think people have that in their mind that's biggest the biggest reason I started this a couple years ago was to take that away from people's head because our daily lives have money involved for

Speaker 2 bills food travel gasoline rent everything is money related i don't see what's rude about talking about real life stuff there's nothing rude about it yeah i think fucking brokeies are the most un the most uh selfish people in the world

Speaker 1 because they're they're so selfish it's all about them like they don't like to talk about money they don't that they don't like people that have money that make a lot of money because they're so selfish because if you don't have money if you're a broke you don't have any money like who are you gonna help if you don't have any money you can't donate any money if you you can't you can't help people if your uh best friend your family member your whether it's your kids or your fathers mothers if they're sick and they need a

Speaker 1 their critical condition and they need 50 grand you don't have it they need a hundred grand you don't have it they they might have to go see Gary Brecca and

Speaker 1 get fixed and they don't have the money. So you're not going to change lives if you don't have money.
Like Donald Trump wouldn't be the president if he didn't have any money.

Speaker 1 You need money to help people. You need money to change the world.
You need money to be Elon Musk and go to Mars.

Speaker 1 So like people that are broke and don't like to talk about money, they're the most selfish people in the world.

Speaker 2 So

Speaker 2 as you've been scaling the business,

Speaker 2 And you bring on 40 people here. You also have a ton of employees on the mortgage side, the lending side, the real estate side, etc.

Speaker 2 How is it to deal with so many staff members, the inner workings of it?

Speaker 1 I only, and I'm, and this, it's almost like deja vu. Like I was talking to Eric Spofford, Neil Patel.
I'm going to tell you my answer. I pretty much only talk to like five of my employees.

Speaker 1 We have probably close to 500 now. I only talk to like five.

Speaker 1 So like I don't deal with it. But but the the reason why is because there's a really good book I'll recommend everybody.
It's called Rocket Feel

Speaker 1 I when I read that book I realized I'm a visionary and I just got to stick to the vision.

Speaker 1 I just got to stick to my CEO duties and then Sill is the operator and she's going to operate all the employees everybody that works here I only maybe maybe five to ten people in the company is who I talk to

Speaker 2 So let's say someone they've got their five or ten thousand dollars saved up

Speaker 2 They want to choose someone to learn from whether it's coaching a mentor a mastermind whatever How do they decide or research or figure out who's the right fit for them?

Speaker 1 There's different mentors for there's like

Speaker 1 I know some people have good good rip bad rip, you know, like I

Speaker 1 I'll name a I'll name a few right so you have obviously yourself Dan Fleichman. Dude, you you connect me with everybody like I don't know if you if you call yourself that

Speaker 1 Maybe you have maybe you haven't but you like you just know everybody you you're like a connector and and and dude you would be a mentor into teaching people how to get into rooms, how to meet the right people, how to network.

Speaker 1 But then you have other people like you have Wes Watson. A lot of people hate him.
A lot of people love him.

Speaker 2 But

Speaker 1 he does have a good

Speaker 1 message for people that need his message.

Speaker 1 The mindset stuff. Natasha Gracian, another one.
She was here yesterday. Dude, she's awesome.

Speaker 1 People have have told me like bad things about her, this and that. And

Speaker 1 I did some research. I found some things.
I saw like one of her last podcasts. So I asked her, when she came in here, I said, hey, are you okay with me asking anything?

Speaker 1 Is there something you don't want to talk about? And she said, ask me anything. And I said, can I ask you about your fake followers? Can I ask you about

Speaker 1 the orphanage? And just stuff like that. And if you see the podcast, she clears everything.
And I'm a smart guy.

Speaker 1 Everything made sense. I believe her.

Speaker 1 She's awesome, dude. I respect her fucking hustle.

Speaker 1 And she sends a good message. She's just that tough woman.
Dude, she talked about she was raped three times: 15, 21. It's the first time she talks about that.
Wow.

Speaker 1 But she was super open, and I'm sure that's going to help a lot of other girls that maybe they're going through that right now.

Speaker 1 But there's also like Neil Patel. You know, that guy's a genius marketer for like huge trillion-dollar companies.
But you'll learn from everybody. Ty Lopez.

Speaker 1 You know, Tai Lopez, he also gets like hate, and people love him, people hate him. But that guy knows how to do like some things right.
So

Speaker 1 everybody has something.

Speaker 1 So the way I did it was like I hired Tim Grover, David Goggins, Grant Cardone, Patrick Bedavid, Dean Graciosi. I hired every John Maxwell.

Speaker 2 Those are all big names.

Speaker 1 Yeah, so like I hired all of them, paid them like some 400K, some 100K, some less or more, so that they can spend one-on-one time with me and also uh be on my podcast be on their podcast go on an instagram live go visit them at their house all of those things have made me who i am and now i am able to teach other people that they get all in one with me

Speaker 2 so let's talk about the charity side of life why do you think it's important for families households or companies to do some type of charity work or help the homeless or feed people or help children.

Speaker 1 Like, why should they have some type of charity in their life bro that's the biggest thing like like the more you give the more you get you just got to give give give like i'm always like i always carry like cash it's weird but i have like a ziplock bag that's fun and i and i just have like a bunch of like hundred dollar bills and and wherever i go like wherever i go i'm i'm like like i'm always pulling out like a hundred or or or whatever and i'm like giving them to like the valet the people at the restrooms at javier's been doing this hundred percent bill thing can you talk about that yeah well every time I go to dinner, no, not every time, but 90% of the time,

Speaker 1 I always match the price.

Speaker 2 So if the bill is $240, you tip $240? Yeah.

Speaker 1 Wow. Yeah.
If it's $1,000, I tip $1,000.

Speaker 2 Really? Yeah. I love it.

Speaker 1 And we go to dinners every day.

Speaker 1 90% of the days we go to dinner. And that's kind of like, that's why life is work and work is life.

Speaker 1 But

Speaker 1 I'm really like, I want to start a,

Speaker 1 I want to do something with you, maybe Tim's story.

Speaker 1 I I wanted me and Syl we've been we've been talking about this but um we from for now we just donate like whenever I go to Dave Melster's events yours like Tim Stories I donate I always give like a thousand dollars five hundred bucks two thousand bucks what like like something like that but I want to start my own like driven um

Speaker 1 like driven charity of course it's great

Speaker 1 we got to look at godaddy drivencharity.com so I want to start that I want you to help me with it and and And I just want to give, like, I don't know, I want to give a lot of money, like a percentage of my income.

Speaker 1 I just want to give it to my charity. And for me,

Speaker 1 I love white people, black people, purple people, yellow people, but I'm Mexican. I'm Latino.
So I want to do something that helps the Latino kids. I want to speak for the Latino American kids.

Speaker 1 The Latino community is

Speaker 1 20%

Speaker 1 of the U.S. population.
And they need help. For sure.
You know, like

Speaker 1 they grow up with

Speaker 1 not the correct information to become successful, to build their dream life. You know, so I was one of those.
And I had to hire all these mentors to learn. So I want to do like some driven charity.

Speaker 1 And then we could help all the Latino Americans here in the U.S., even outside of the U.S.

Speaker 1 But I know that, I mean, you know that.

Speaker 1 Some people won't agree with me, but I think the Latinos here in the US are are the hardest working people sure like they're loyal people and and and everybody's great but like I just feel like they're loyal they're hard workers Patrick B.

Speaker 1 David once told me

Speaker 1 my all most of I focus and most of my people are Latino Latinos PHP before he sold it

Speaker 1 because they're just hard workers and they're loyal and I remember that hard workers tend loyal and then Grant Cardone Brad Lee you

Speaker 1 Tim Story, Tim Grover. There's a video with Tim Grover.
He tells me that I told him one thing and he ran with it.

Speaker 1 I always repost it. They all told me the same thing.
Albert, focus on your Latino community because there's nobody that controls that. You are the one.
Er Mailet, another one.

Speaker 1 And so, like, I started doing that, and it's been going really, really well. But

Speaker 1 the most powerful thing you'll hear here is: if you want to make more money, give more, help more people and the money's going to come on autopilot

Speaker 2 a lot of people don't realize that they can give without cash if you don't have much money use your social media show up and volunteer go there and put in the energy if you can't donate the physical cash

Speaker 2 put in your time put in your energy put in your muscles go go help go to the children's hospital go to senior citizen's home yeah like everyone needs go to the go feed the homeless yeah so train this kids foundation we started 11 years ago and it is for the Latin community.

Speaker 2 We've been helping the Latin children in downtown Los Angeles since, was that 2012, 2013?

Speaker 2 And we always have 400 families show up and we do four charity events a year.

Speaker 2 We do back to school day,

Speaker 2 report card day, Thanksgiving food drive, and then the toy drive.

Speaker 2 And every year it gets bigger and bigger and bigger and bigger. And every year, more families show up, more families show up, more families show up.
So with driven charity,

Speaker 2 you just kind of boil down and think about what is the main category

Speaker 2 i want i want to give a thousand dollars to your charity amazing yeah i'm gonna i'm gonna give it out right now then we'll give it out tonight uh thank you the

Speaker 2 think about what is the thing is it is it the children is it the land community in general is it education is it toys is it feeding them When you figure that out, it makes it easier for people to support your mission because what will happen is

Speaker 2 people will copy you. And it's a good thing, by the way.
So years ago, we we started what's called the $100 tipping club. So the similar how you've been tipping 100%.
Yeah.

Speaker 2 $100 tipping club is we'll get like eight friends, 15 friends, 30 friends together, and everybody chips in a hundred bucks. Sometimes, if we're in like Salt Lake City, we'll do a $1,000 tipping club.

Speaker 2 So we'll get 26 people together and donate $26,000.

Speaker 2 And the way you do it is $100 tipping club, anyone can go, that's actually the website, $100 tipping club.

Speaker 2 You can go to a restaurant, get Albert and seven of your friends together, and you don't tell the waitress. And at the end of the meal,

Speaker 2 50% of the money goes to the waitress. 50% of the money goes to the bar backs, the cooks, the chefs, et cetera.
So if you got like $1,700, give her $800 or $900 and give the staff $800 or $900.

Speaker 2 Over 4,000 people have copied us

Speaker 2 that we know of. It could be a lot more.
Over 4,000 have copied us. And so...

Speaker 2 I love every time I see you doing this 100% because I started seeing other people do it.

Speaker 1 You're making me want to do it now.

Speaker 2 Let's go tonight.

Speaker 2 How do you ears? Yeah. And so the point is, when you figure out what that niche is, you're like, okay, you know you want to help the Latin community.
Is it children? Is it homeless?

Speaker 2 Is it feeding them? Is it education? What is that thing? Because that'll make people want to rally around you because you're such a powerful figure in that space. Yeah.

Speaker 2 All right.

Speaker 2 I'm going to ask you a question that I ask on every single episode, but I've never gotten the same answer. Ready for this? Yeah.
Okay.

Speaker 2 $80,000 a day, right? $30 million a year, but you're still young. Over the course of time, you're going to go from $30 million, $50 million, $100 million, God willing, $200 million.

Speaker 2 Ultimately, you might become a billionaire. I think you will.

Speaker 2 And at that time, let's call it 100 years from now, and you've got multiple children. What percentage of a billion dollars do you leave to those children?

Speaker 1 That's a very good question.

Speaker 1 It's hard, you know, like I'm not.

Speaker 1 I don't want to leave him. I want to leave them very little.

Speaker 1 I want to leave everything to the world.

Speaker 1 Like, I want to just donate everything.

Speaker 1 Leave my children, like, a little bit. Something where they could

Speaker 1 start a business.

Speaker 1 My girls, because they're here right now.

Speaker 1 All three of them. That's awesome.

Speaker 1 And

Speaker 1 like, Italio's birthday was yesterday. She turned eight.
And you know what you know what her wish was? She said, Dad, uh mom, I just want to go to the office for my birthday.

Speaker 1 That was her that's a birthday gift. Wow.
So like I I want them to figure it out. I want them to struggle.
I want to get them like maybe not a Honda Civic, but like a little Mercedes

Speaker 1 when when they're able to drive. And then they have to earn everything else.
And and then um

Speaker 1 then they have a little bit of money to start something but then the the rest of it i just want to i i want to i want to put it in in good use i want to donate it to uh the future like uh i want to donate it and i i never thought about this to this extent but i want to do it i want to donate it to the kids uh

Speaker 1 and also the kids have to earn it not just to any kid right maybe there's like a like a school where they have to go to, a school that I build, and the kids that graduate, then they get it.

Speaker 2 Yeah, driven school, school, I like it.

Speaker 1 Yeah, driven school for kids.

Speaker 1 Because the kids are the future. For sure.

Speaker 1 Italia will make her own billion. Berlin will make her own billion.
Cali will make her own billion. Those are the kids that I want to create.

Speaker 1 And I don't want to have kids where I give them a billion dollars and they turn into drug addicts. They're entitled.
They expect everything. So that's the way I see it.

Speaker 1 And if you think about it, Dan, like

Speaker 1 me and you see each other, like, how often? often? Maybe like once a month? Right now? Like once a month.

Speaker 1 So like if you have,

Speaker 1 let's just say me and you have 40 years left.

Speaker 1 Right?

Speaker 1 40 years left. So that means that I'm going to see you

Speaker 1 40 times 12.

Speaker 2 480 times.

Speaker 1 So I'm going to see you 480 times more.

Speaker 1 So now with this, I'm going to see you 479 more times.

Speaker 1 So

Speaker 1 the life is not the years.

Speaker 1 And what if something happens to you or me? Then I don't see you again.

Speaker 1 But a good way to see it is like, I'm only gonna see it then 479 more times after today. So those 479 times have to count.
You can't get the time back. Like how many times do you see your mom? A year.

Speaker 1 Twice. Twice a year? Yeah.
And how many years does she have left? Like, more or less?

Speaker 1 Just being conservative. So being conservative?

Speaker 1 Say

Speaker 1 Okay, so that means you're only going to see her ten more times.

Speaker 1 So like when you think about that, like life is short, and that's why I all have champagne every day.

Speaker 1 Like I all have

Speaker 1 family members that are dying, that died.

Speaker 1 I have people that didn't do what they wanted to do and they were like always saving, saving, saving, pay off their home, and then they die. So that's why

Speaker 1 the money is so easy to make. Time is impossible to get back.
So like

Speaker 1 my billions,

Speaker 1 I'm building a trillion dollar company.

Speaker 1 That's how big I think. Billions is going to be easy.
That's already in the works. But a trillion dollar company like Apple, like you know, like those big companies, Microsoft, Facebook, Amazon, like

Speaker 1 that,

Speaker 1 that's my vision.

Speaker 1 Yeah, I mean all the money that I make I'll I'll leave 1% to my kids and I'll give everything away.

Speaker 1 Donate it to the students, to the young kids that earn it because they graduate from the driven school. So that's what I'll do.

Speaker 2 I love it. All right.
Where can people find you online? Where can they find Driven? Where can they find your whole world? Go through all of it.

Speaker 1 Very simple. Just Google me, Albert Precielo.

Speaker 2 That's it? Yeah. It's easy.
Yeah, Google me.

Speaker 2 All right, guys. By the way, I did a campaign for Neil Patel.
That's a really fun story, by the way, before we go.

Speaker 1 I love Neil Patel. Yeah.

Speaker 2 So I did a campaign called, Who is Neil Patel

Speaker 2 and this campaign was I had Instagram models influencers holding up signs that let me see if he answers me right now that literally said who is Neil Patel he wrote an article about it you can still see the article what's up see Neil hey Neil we're talking about you here we're doing a podcast live we're talking about the campaign that Dan did for you what you want to tell him really quick all right so you're live on the money Mondays And I'm going to put you right next to the microphone.

Speaker 2 Do you remember the who is Neil Patel campaign? Tell us about it.

Speaker 3 Yeah, so Dan had a lot of people just go out there and take pictures and hold up a sign who is Neil Patel.

Speaker 3 He took models, influencer people, business people, dudes, chicks, pretty much everyone to hold up a sign and it caused a ton of people to Google for my name, which then helped with a lot of my Google rankings.

Speaker 2 Thank you, Neil Patel. We'll call you later.
We'll probably see you for dinner.

Speaker 1 Bye-bye.

Speaker 2 So that campaign was interesting because we'd like have girls like use lipstick and write on the mirror who is Neil Patel so people are scrolling through Instagram like who the hell is Neil Patel they have no idea and they started google searching him and his search went through the roof and as you guys know he's a wizard so he turned that into this huge company all right guys I appreciate you guys being here.

Speaker 2 As you know, the Money Mondays is meant for you to share with your friends, family, and followers. Visit us on the moneymondays.com.
Talk to your families. Talk about money because it's important.

Speaker 2 You got to talk about loans, finances, taxes. What happens if you borrow money? Should I do this? Should I pay that? Should I get a rent, a lease? What do I do about payroll?

Speaker 2 How much should I ask for my salary? Money is part of your daily life. So have discussions about it.
Be blunt about it. Ask your friends about it.
And make sure to have open communication.

Speaker 2 So we'll see you guys next Monday on themoneymondays.com.