
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado ποΈ EP106
In this special episode of The Money Mondays, we have Albert Preciado as our esteemed guest. This is his third time on the show, and a big reason for that is that he's a seasoned expert in the real estate industry. Heβs here to share valuable insights, strategies, and tips on how to navigate 2025's evolving real estate market. --- Albert Preciado is the Founder and CEO of The Mortgage Guys, Ambiance Realty, and Driven Enterprises. Albert has been involved in the mortgage industry since 2005 and is a licensed Broker and Mortgage Originator. He faced some of the toughest times in his life in 2008 during the market recession and Mortgage Meltdown. Despite these challenges, Albert chose to weather the storm and remain committed to the industry he believed in. --- Like this episode? Watch more like it π He Built a $500M Real Estate Empire with NO MONEY - Ben Reinberg: https://youtu.be/w4SBQS0gtd0 Albert Preciado & Marczell Klein's Real Estate Journey & Hypnosis Techniques: https://youtu.be/t-hDyNx36po Making Millions with Real Estate Investing π Albert Preciado & Cole Hatter: https://youtu.be/OQO9hhGQf6I Jimmy Rex's Million-Dollar Real Estate Strategy Revealed: https://youtu.be/OWADoFktfHQ Watch ALL Full Episodes Here: https://www.youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k --- The Money Mondays is a business podcast here to teach you how to make money, invest money, and donate money by showcasing some of the world's most successful people and how they do the same. Hosted by serial entrepreneur Dan Fleyshman, the youngest founder of a publicly traded company in history, this money podcast gives you an exclusive behind the scenes look at how the wealthiest celebrities, entrepreneurs, athletes and influencers make, invest and donate money. If you want to learn more business and investing while you work to improve your financial life, you're in the right place! Subscribe: https://www.youtube.com/@themoneymondays?sub_confirmation=1 Dan Fleyshman, The Money Mondays Learn more here: https://themoneymondays.com Watch all the podcast episodes: https://youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k Letβs Connect... Website: https://themoneymondays.com Podcast: https://podcasts.apple.com/us/podcast/the-money-mondays/id1663564091 Twitter: https://twitter.com/themoneymondays LinkedIn: https://www.linkedin.com/company/the-money-mondays/about/ TikTok: https://tiktok.com/@themoneymondays FB: https://www.facebook.com/The-Money-Mondays-110233585203220/
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Full Transcript
You can't force everybody to be successful. There's 8 billion people in the world.
Not everybody wants to be like a billionaire. Some people are happy just being average.
Most people are. 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, 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.
So here we are making a special exception for my dear friend over here, Mr. Albert Preciado.
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.
So we're gonna 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, 10 years now? I mean, it's really been 20 years. 20 years in the game.
but as a business owner 13 years 13 years all right so we're going to 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 and so we're going to go into those type of questions but first albert presciato give him the quick two minute bio so we get straight to the money you know just a mexican-american kid first generation i came here my parents made me in mexico across the border for a better future had me here i was born here born here. I didn't speak English until 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 dropped out of college, got into sales in mortgages, I was selling mortgages, and then 13 years ago I started my mortgage company, and then I made my first millions selling mortgages, real estate.
And then I got into the whole social media, started my personal brand. And because of that, in 2021, I 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, how do mortgage loan officers, real estate, how do they make money? So when you sell a mortgage, you make two and a half percent commission on the mortgage amount.
So like if you sell a mortgage that's five hundred thousand, you make two and a half percent of that. Got it.
Just like real estate. If you sell a $500,000 home, then you make 2.5%, 2%, 3%.
But it's very similar. 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-end the commission.
We get paid on the mortgage and the real estate right which led to opening up the escrow company where now we make a commission on on the real estate on the mortgage and on the escrow and i'll tell you something escrow makes a lot of money like sometimes you get like 60 000 commissions on escrow what yeah and and so that that's why i have that business but that's the business that made me 30 million 2021.
And that's how I made my money.
When I was 20 years old, I made $260,000 selling mortgages. And then I lost it all in 2008.
But after that and learning from you and other mentors, I realized that it was very important to create your personal brand and then to create your brand, just your company brand, which is just bigger than your personal brand.
I'll tell you why. Because Driven, it became a big brand now.
Nine years.
People want to be there. People want to speak for free free people want to pay me a lot of money to speak um i get a lot of favors from people people want to be my friends i have billion their friends i told you one of my best friends in the world neil patel he'll see this uh you know he's uh he's really successful and we're we're always hanging out i learned a 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. I'm making more money than ever.
I can't even. 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 don't have.
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.
So March 29, I came up with that date because it's my birthday. And I can ask a lot of powerful speakers to speak for free.
Because I tell them, hey, it's my birthday, the best birthday gift you could give me at my let. At my let is come to my event and it's my birthday.
It's going to be the best
birthday gift. So, you know, I've been doing that and it's going to be the biggest event.
Who are some of the speakers you already have for German 9 coming up?
I'm very excited about Mark Shapiro. Mark Shapiro, he owns a bunch of multi-units.
I know all the
stuff. 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. 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 we have Daniel G
we have
Eric Spofford
he sold his company
for $115 million
we have Dan Fleischman
you know
we have a lot
of heavy hitters
I'm about to announce
a professional
Hall of Famer
NFL player
nice
I think Mario Lopez
nice
saved by the bell
heck yeah
Josh Altman
the number one realtor
in the US
it's a serious lineup
I can go on and on
Natasha Graziano
I don't want to miss anybody
but Brad Lee
Thank you. saved by the bell.
Heck yeah. Josh Altman, the number one realtor in the US.
It's a serious lineup.
I can go on and on.
Natasha Graziano.
I don't want to miss anybody but Brad Lee,
you know,
Brad Lee,
one of my best friends too.
That's the real Brad Lee.
Yeah, the real Brad Lee.
What's the website?
Where can people go?
DrivenEvent.com.
It's the ninth year,
the ninth year
of the Driven Event.
Why do you think
that when a lot
of other events
are struggling to get 300 or 400 people, how do you keep getting 2 thousand three thousand two thousand three thousand over and over it's the brand um that i that i built and now people like uh see the credibility the track record so now they they it's like i don't even announce any speakers i just i don even announce dates or nothing. And we just sell out like a year in advance.
And now what's made the biggest difference is that we build a sales force. So we have 40 people, 40 sales people working for us.
40. Like we have like 10 remote and like 30 in-house, but we have the science to it.
So 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.
Sales is very good at operations, my wife.
She operates everything.
So sales, there's a science. Like you have people that are appointment setters.
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 setters have to get them solid leads to close.
We have TOs, people that take over. We have SPFs, you know, when, like for, right now, I told the guys, me and Casey told the guys, hey, you know what? If you do this, you'll get this amount of cash.
My salespeople, even if you offer them a million dollars, they wouldn't leave me because the culture that we have here is second to none. And then our people uh they they work saturdays sundays and week and holidays uh and they they'll work here till 10 11 p.m midnight sometimes sometimes they sleep here because they just they're closing deals and they get they fall asleep so what makes a good sales rep and an okay sales rep and a bad sales rep you need a lot of training you need a lot of training uh uh give a shout out to casey who's right there like he he came here and he he just he changed um he he changed a lot of lives you know he he uh just like i changed his life he changed our life i saw the scoreboard out there there 80,000, 50,000, 100,000.
We have our scoreboard, but he's here. His responsibility is like I tell him, hey, you know what? You're only 24.
I have the experience. Just be coachable.
Always stay humble to learn more. There's always going to be somebody doing more.
Of course. And you've got to remain humble to be disciplined and be a student because you want to get better.
I made all the mistakes i don't want you to make the same mistakes you know what's interesting is the wealthiest guys i've ever met all they do is ask questions yeah they want to learn yeah talk about ed my let the guy's worth 700 million dollars whatever that is like he asked a lot of questions because think about if he learns one little thing and it increases his business by one percent well one percent of 700 million is seven million dollars 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 it 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 practice and just the systems. Like, every day at 7.30 a.m., Casey has to be here by 7.30 p.m.
in the morning. They have their sales meeting in the morning.
That sets up the mood. And if you have a crappy meeting, you're going to have a crappy production day.
But Ed Mylett, dude, I'm about to make a big announcement with Ed Mylett. Like, I love Ed Mylett.
Ed Mylett always tells me that I'm the person that reminds me more about him than anybody else in the world. He connected me with Marshall Falk.
So, like, and he sends me, like, these long voice notes. And we're always talking.
But Ed Milet has been huge in my success. And he is a huge mentor and somebody I respect a lot.
So similar question about the sales reps. What makes a good mortgage loan officer versus an okay one versus one that's not going to make any money? You have to be, 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 the worst darkest times we're going through a crisis it's worse than 2008 we are in a major recession especially for mortgages so a lot of them quit a lot of them uh died a lot of them uh they're just they're they're out the one percenters are doing good but But what do you need to be, to separate yourself in mortgages? Five things. Number one, you have to have a strong mindset.
Because I'm sure like you're used to it. Like you know that every day you have like a plan for the next day.
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.
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.
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've got to be on social media.
You've got to be posting stories.
You've got to know how to market, how to be a marketer,
and you've 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.
Number three, you've got to be a top closer, a salesperson. You've got to master sales.
If you suck in sales, you have no chance in mortgages. So mindset, marketing, sales.
Now, number four, you've got to be an expert in in your field. So you got to be an expert mortgage person.
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.
Number, the fifth thing to complete it is you got to have extreme work ethic. 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. Like today, I text in the morning out of nowhere.
I'm just like, hey, what's up, Dan? It's 520 in the morning. Yeah.
I wake up. Today, I woke up like at three.
I always wake up three, four, three, four. And like Kayla knows this.
Like I wake up and I'm like on my DMs. I'm like, I don even have to do that but like I don't I don't need to I have people that do that for me but I I get up and and I'll spend like an hour just DMing people back bam bam bam bam bam bam and then like around and then I'm texting them and I'm telling them because Kayla and Casey they're they're they're together they're a couple they're they're one of our favorite couples in the world and and Kayla Kayla is like 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. I just, 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. They're like, they're big followers it's like if if i was single
i and i would go through my story 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.
Special delivery for you. Thank you.
Vodka and oranges. So on the investing side, why do you invest so much into yourself and to your personal brand? Does it have a return or is it to build? What is it for? i'll give anybody here especially young men young men i tell them stay away from women alcohol and drugs uh and and but the best advice i'll give besides that is men mentors hire mentors pay people ten thousand dollars uh twenty thousand dollars fifty thousand $100,000.
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. I paid 11 years ago, Grant Cardone and Patrick Bedevin.
I paid them a lot of money for one-on-one. And that changed my life.
Because of that, I started my own mortgage company. And then that just, once you become an entrepreneur, you can't go back.
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? I don't do a lot of things because the day, everybody has the same time.
So if I have, let's just say I have 13 businesses, but I have one business that makes me 80K a day. 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.
If they don't give me any value, if they're not contributing to my 80K a day, 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.
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, you never get it back. It's easy to make money.
And you could always make more money but you can never get time back so i'm gonna focus on 80k a day 80k a day because 30 million dollars a year equals to 80k a day and that's my limit that's my minimum yeah so people get very distracted by shiny objects 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 how can they learn first before trying to just jump right to the ferraris and lamborghinis well i have a lot of a lot of young uh i call them kids but they're young young adults. They're like 18, 19, 20, 21, 24-year-olds.
And they always, they come from like, a lot of them come from bad mentors and leaders. And they're just bad because they don't have the intelligence, the knowledge, the experience.
They just don't have it. So they ask me, hey, a car should i get this exotic should i get this they want to get like things over their means 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 I can't pay
that I have to pay it later things happen but an entrepreneur figures them out so I tell I tell you I told 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, save money, invest it, stack it.
It's not time yet. Live below your means.
Save money. Invest it.
Stack it.
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 can go get your car.
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 i think the one percenters are are the one percenters for a reason and you can't force everybody to be successful like there's eight billion people in the world uh not everybody wants to be like a billionaire. Like some people are happy just being average.
Most people are. 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, and every salesperson makes 100 calls. So we're dialing 4,000 times a day, and they're getting better.
So we're high-pressure salespeople. So 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. Like there's people here that we've closed high pressure sell into them giving us their last $10,000.
And now they're making $20,000 in one month. And this is, I'm talking about their first month, second month.
So like people are just average. I have this saying, if you truly believe in what you you're selling it's rude of you not to sell it exactly yeah if you think you're gonna 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 would be unethical if i don't close her a thousand later yeah 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 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? Because that's the 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 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 brokies are the most selfish people in the world because they're so selfish. It's all about them.
They don't like to talk about money. 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 broke, you don't have any money, like who are you going to help? If you don't have any money, you can't donate any money. You can't help people.
If your best friend, your family member, whether it's your kids or your fathers, mothers, if they're sick and they need their critical condition and they need 50 grand, you don't have it. They need 100 grand, you don't have it.
They might have to go see Gary Brecka and 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 you need money to help people you need money to change the world you need money to be elon musk and go to mars so like people that are that are broke and don't like to talk about money they're the most selfish people in the world so as you've been scaling the business and you bring on 40 people here you also also have a ton of employees on the mortgage side, the lending side, the real estate side, etc.
How is it to deal with so many staff members, the inner workings of it?
I only, 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. We have probably close to 500 now.
I only talk to like five. So like I don't deal with it.
But the reason why is because there's a really good book I'll recommend everybody. It's called Rocket Fuel.
When I read that book, I realized I'm a visionary and I just got to stick to the vision I just got to stick to my CEO duties and then sale 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 so let's say someone's they've got their five or ten thousand dollars saved up they want to choose someone to learn from whether it's coaching a mentor a mastermind whatever how do they decide to research or figure out who's the right fit for them there's different mentors for there's like i know some people have good good rep bad rep you know like i uh i'll name uh i'll name a few right so you have obviously yourself downflation dude you you connect me with everybody I don't know if you if you call yourself that maybe you have maybe you haven't but you like you just know everybody you you're like a connector and and did your you you would be a mentor and into teaching people like how to get into, how to meet the right people, how to network. But then you have other people like Wes Watson.
A lot of people hate him. A lot of people love him.
But he does have a good message for people that need his message. You know, like the mindset stuff.
Natasha Graciela, another one. She was here yesterday.
Dude, she's awesome. Like, people have told me, like, bad things about her, this and that.
And 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? Is there something you don't want to talk about? And said ask me anything and i said can i ask you about your fake followers can i ask you about uh uh the orphanage and just stuff like that and if you see the podcast like she clears everything and and i'm a smart guy everything made sense i believe her she's awesome.
Dude, I respect her fucking hustle.
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.
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.
Sure.
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.
Tai Lopez, you know, Tai Lopez, he also gets like hate and people love him, people hate him. But that guy knows how to do like something's right.
So everybody has something. So the way I did it was like I hired Tim Grover, David Goggins, Grant Cardone, Patrick B.
David, Dean Graciosi.
I hired every β John Maxwell.
Those are all big names.
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 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'm able to teach other people that they get all in one with me. 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 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 gotta give give give like i'm always like i always carry like cash it's weird but i have like a ziploc bag that's's fun. And I just have like a bunch of like $100 bills.
And wherever I go, like wherever I go, I'm like, I'm always pulling out like $100 or whatever.
And I'm like giving them to like the valet, the people at the restrooms, at Javier.
You've been doing this 100% bill thing.
Can you talk about that?
Yeah. Every time I go to dinner, no, not every time, but 90% of the time, I always match the price.
So if the bill is $240, you tip $240? Yeah. Wow.
That's awesome. Yeah.
If it's $1,000, I tip $1,000. Really? Yeah.
I love that. And we go to dinners every day.
Yeah. 90% of the days we go to dinner.
And that's kind of like, that's why like life is work and work is life. But I'm really like, I want to start a, I want to do something with you, maybe Tim's story.
Me and Sil, we've been talking about this. But for now, we just donate.
Whenever I go to Dave Meltzer's events, yours events, Tim's stories, I donate. I always give $1,000, $500, $2 bucks, like something like that.
But I want to start my own like driven, like driven charity. Of course.
That's great. 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.
I just want to give it to my charity. And for me, 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, like, the Latino kids. Like, I want something for the Latino American kids.
The Latino community is 20% of the U.S. population.
And they need help. For sure.
You know, like they grow up with 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 and and then we could help like all the latino americans here in the u.s even outside of the u.s but but i know that i mean you you know that like the i some people won't agree with me but i think the latinos here in the u.s are are the hardest working people. Sure.
Like they're loyal people. And everybody's great.
But like I just feel like they're loyal, they're hard workers. Patrick B.
David once told me, I focus and most of my people are Latino. Latinos, PHP, before he sold it.
Because they're just hard workers and they're loyal. And I remember that hard workers and loyal and then Grant Cardone Bradley you 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 I always reposted they all told me the same thing Albert focus on your Latino community because there's nobody that that controls that You are the one.
Hermaillet, another one. And so I started doing that, and it's been going really, really well.
But the most powerful thing you'll hear here is if you want to make more money, give more, help more people, and the money is going to come on autopilot. 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, put in your time, put in your energy, put in your muscles, go help.
Go to the children's hospital, go to senior citizen home. Yeah.
Like everyone needs to go to go feed the homeless.
Yeah.
So Trina's Kids Foundation, we started 11 years ago.
And it is for the Latin community.
We've been helping the Latin children in downtown Los Angeles since was that 2012, 2013.
And we always have 400 families show up and we do four charity events a year.
We do a back to school day, report card day, Thanksgiving food drive, and then the toy drive.
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, you just got to boil down and think about what is the main category?
I want to give $1,000 to your charity. Amazing.
I'm'm gonna give it out right now then we'll give it out tonight uh thank you the think about what is the thing is it is it the children is it the 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 people will copy you.
Yeah.
And it's a good thing, by the way.
So years ago, we started what's called the $100 Tipping Club.
So the similar how you've been tipping 100%.
Yeah.
$100 Tipping Club is we'll get like eight friends, 15 friends, 30 friends together, and everybody chips in $100.
Sometimes, if we're in like Salt Lake City, we'll do $1,000 dollar tipping club. So we'll get 26 people together and donate $26,000.
And the way you do it is a hundred dollar tipping club. Anyone can go.
That's actually the website, a hundred dollar tipping club. You can go to a restaurant, get Albert and seven year friends together, and you don't tell the waitress.
And at the end of the meal, 50% of the money goes to the waitress. 50% of the money goes to the barbacks, 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. Over 4,000 people have copied us that we know of.
It could be a lot more. Over 4,000 have copied us.
And so I love every time I see you doing this 100 because i started seeing other people do it you're making me want to do it now let's go tonight 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 yeah is it children is it homeless 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 all right i'm gonna ask you a question that i ask on every single episode but i've never gotten the same answer ready for this yeah okay eighty thousand dollars a day right 30 million dollars 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 ultimately you might become a billionaire i think you will 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? That's a very good question. It's hard.
You know, like I'm not, I don't want to leave them. I want to leave them very little.
I want to leave everything to the world. Like I want to just donate everything.
Leave my children, like, a little bit. Something where they could start a business.
My girls, because they're here right now. All three of them.
That's awesome. And, like, Italia's birthday was yesterday.
She turned eight. And you know what her wish was? She said, Dad, dad mom i just want to go to the office for my birthday that was 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 uh when when they're able to drive and then they have to earn earn everything else.
And then they have a little bit of money to start something. But then the rest of it, I just want to put it in good use.
I want to donate it to the future. I want to donate it.
And I never thought about this to this extent, but I want to donate it and I never thought about this to this extent but I want to do it I want to donate it to the kids and I'll 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 we get in school yeah driven school other kids because the kids are the future. For sure.
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.
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.
and if you think about it Dan like
me and you see each other like how often maybe like once a month right now like once a month uh so like if you have uh let's just say me and you have 40 years left right 40 years left so that means that I'm gonna see you 40 times 12.
480 times?
So I'm gonna see you 40 times 12. 480 times? So I'm gonna see you 480 times more so now with this I'm gonna see you 479 more times so the life is not the years and and what if something happens to you or me then I don't't see you again.
But a good way to see it is like I'm only going to see Dan 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? Twice.
Twice a year? Yeah. And how many years does she have left, like more or less? Just being conservative.
You said being conservative, say five. Five.
Okay, so that means you're only going to see her 10 more times. So like when you think about that, like life is short, and that's why I'll have champagne every day.
Like I'll have, I have family members that are dying, that died. I have people that didn't do what they wanted to do, and they were always saving, saving, saving, pay off their home, and then they die.
So that's why money is so easy to make. Time is impossible to get back.
So my billions, I'm building building a trillion dollar company. 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 that's my vision. and yeah I mean all the money that i make i'll i'll leave one percent
to my kids and i'll give everything away 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 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 very simple just google me albert presciano that's it yeah it's easy yeah google me
Thank you. find you online where can they find driven where can they find your whole world go through all of it very simple just google me albert presciano that's it yeah it's easy yeah google me 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 yeah i love neil patel yeah so i did a campaign called who is neil patel and this campaign was had Instagram models, influencers holding up signs that literally
said, who is Neil Patel? He wrote
an article about it. You can still see the article.
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 do you want to tell him?
Alright, so you're live on the Money Mondays.
And I'm going to put you right next to the microphone. Do remember the who is neil patel campaign tell us about it yeah so dan had a lot of people just go out there and take pictures and hold up a sign who is neil patel he took models influencer people business people dudes chicks pretty much everyone to 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. Thank you, Neil Patel.
We'll call you later. We'll probably see you for dinner.
Bye. So that campaign was interesting because we'd have girls use lipstick and write on the mirror, who is Neil Patel? So people are scrolling through Instagram 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 as you know the money mondays is meant for you to share with your friends family followers.
Visit us on themoneymondays.com.
Talk to your families.
Talk about money because it's important.
You gotta 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?
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.
So we'll see you guys next Monday
on themoneymondays.com.