this is hard

Now, I've got to tell a little story,

but it's a story that hit me pretty hard

yesterday. So, yesterday, where was I?

Oh, that's right. Yesterday, I uh I went

shooting. See, I have a little leftover

bullet here from the range. So, I went

shooting. I went to an outdoor range in

a mining query, and I had this small uh

group uh lesson, and uh we go out to a

mining quarry. It's really cool. And uh

the weather was amazing. It's out here

in California. And I was with these two

dudes. Uh they almost looked like they

could have both been cops, but I think

one was like a surgeon and and the other

was uh like a massive like nationwide uh

contractor, like an electrical

contractor. It was really really cool.

These guys, they were so nice and and

they were really insightful. But I'll

tell you, I spent a lot of time while I

was there relatively quiet because it

was me, them two, and and the instructor

uh the instructors, we'll say. And uh

what was really eyeopening to me and and

it was almost like chilling, like bone

chilling to me. It was it was really

scary. Uh it was probably honestly one

of the saddest things I've heard in my

life or or maybe even like dare I say

the scariest thing in my life. So we get

in the sprinter van and what is this? A

9 mil? This is a 40 hollow right here.

Um anyway, all right. So saddest thing.

So, uh, I'm I I get in the van and the

entire ride of them who are probably

like 65, both of them are like, "Yeah,

so and so just passed away from cancer."

And the other one's like, "Oh, I'm

sorry." And then, you know, then he's

like, "My wife just had a stroke and you

know, she's recovering." And then the

other guy's like, "I just got over

prostate cancer." And and oh, my wife,

you know, she's she's going through

chemo. She thought she was going to be

done. She's on round 11 out of 15 of

chemo. Lost like 20 pounds and and she's

like, "I'm I'm almost through. I've I've

almost made it." And now the doctor's

like, "We're going to have to keep

going." And and these people, they're

like, you know, the the the wife and the

husband, one of them, they're surgeons.

And uh you know, one of the things they

said hit me so hard. They're like,

"Did you think we would work for 40

years

just to have our retirement be spent

like this?" And what they were saying

was, "Did you think we would go to

basically med school for 12 years and

then be surgeons for 10 years and and

work their ass off, you know, basically

for a combined 40 years to finally have

the freedom of retirement only to be

dealing with the hell of of basically

age and ailments and and uh whether it's

a lack of energy or cancer recoveries or

the inability to travel because of

treatments or or friends and family

dying or all this like craziness. And

I'm just like, this is like literally

the saddest place I could be right now.

But it was actually probably the best

place to be because I'm 31. And it hit

me really hard because I'm like, damn.

You know, that that goes to show that

like you should do whatever you can and

not say no to experiences in your life

when you can have the experiences. You

know, I think so many of us, especially

in the financial community, uh we we get

so like tight sometimes with money. It's

like, "No, no, no. I I don't want to

spend money on that. I want to save

because I want my investments to grow."

But really, what you're doing when

you're constantly saving for retirement

is you're borrowing from today to give

to an uncertain future. And that's

really scary. That's really scary. And

it's real life, you know, but it's it's

scary. And and so my thinking, you know,

the wakeup call to me has been and and

I' I've felt this way probably more for

like the last year, maybe since I turned

30, uh is is this idea of like, hey, you

got to make sure that you take advantage

of all the experiences that you can

because the future's uncertain and you

want to get in whatever you can now. if

you have the energy to have fun and and

uh you know work hard but play hard, do

it. And I think that's something that

I've always really lived by is the idea

of it's okay to work hard. Like I'm not

saying don't grind. I'm not saying don't

invest. I'm not saying don't, you know,

work overtime. I'm okay with that. Like

I work a lot. Uh, I probably I you know

I I would guess I I work somewhere

around a 100 hours a week and just like

it's always work and maybe there's 15

hours on a regular week for family,

right? That's like a couple hours a day.

It's not a lot. It's mostly just work

work work and that's because I've got

three different jobs. Uh, you know, it's

running an ETF, the financial advising

side, the the real estate startup,

YouTube and social media and and

coordinating teams around that. It's

It's a lot of work, but I'm also willing

to make sure that when I travel with

family, we have a blast. I mean, I have

to say, I just went to uh what was it?

Um Deer Valley. I actually briefly went

skiing with Ross, but I had a blast

skiing with my 5-year-old, my

seven-year-old, my wife, and we had a

great time. You know, you're going in

the pool and the spa when it's like

freezing outside, but but you know, it's

all just fogged up because uh uh because

they keep the the water temperature so

hot. uh everything looks like it's

steaming, just water vapor. It's not

actually steam. But anyway, it's uh you

know, those are the sort of experiences

that that you want to share with the

people around you that you love and care

about and friends and family. And so, I

think it's really good, even though

we're always talking about finance to

remember like not everything in your

life has to be you taking the back seat

uh to to really good experiences because

you're trying to save a few extra bucks.

Like personally, I cringe when people

are like, "Oh, no. I don't want to spend

money on like a Starbucks. I just It

makes me want to vomit. I'm like,

really? You think so little of yourself

that you can't work a little harder to

make that up? Or like, really? You're

going to go to to I don't know, Disney

World and you're not going to pay for

the the the fast tickets or whatever

they call them. Uh like really, you're

going to you're going to spend your time

in in the line if if you have the

ability to afford it? Like, what are you

doing? Your time is so valuable. And I

think that that experience of when I

went shooting with the folks, it really

made me realize like, wow, you know, you

got to double down on making sure you're

taking those moments and those

experiences because you don't know how

long you're going to be able to anymore.

I mean, we when we did uh like running

shooting drills, one of the guys, he

couldn't do them. And he's like, I I'm

going to sit out the the running

shooting drills. And I'm like, what the

hell? I didn't say that obviously, but

I'm just thinking to myself like I don't

want to be 65 and then be like, "Oh, I

got to sit out the running shooting

drills cuz I can't run." I'm like, "That

sucks." Uh, you know, like I don't know.

I I It's It was um it I don't know. It

hit me pretty hard. It was just this uh

pretty wild uh sort of wakeup call. I

think that line was so impactful

uh about not only them talking about all

these people dying, which is obviously

terrible, and all these people having

these ailments, but also just the line

of did you imagine we'd work our whole

lives just to spend our retirement like

this. AND IT'S LIKE AH because what do

you have in retirement? A number, right?

You have a number. A number and

yourself. That's what you have when you

retire. Yourself and a number. And like

you have to be able to do something with

that number. Whether it's $5 million, a

million dollar, 10 million, hundred

million, you have to be able to function

and do something. If you can't, it's

like what was the point?

So, uh, so have some fun as you go

through the journey. My father-in-law

always calls it the journey. Like you

you you you don't want to you don't want

to be the person and I'm guilty of this

too where like you get in the car to go

on a road trip and you're so focused on

like getting there that you're missing

the fun of like stopping at that funky

gas station in the middle of nowhere

like the the entertainment that happens

along the way cuz you're so anxious to

get to the destination. The problem is

if you're so anxious to get to the

destination, well, the destination, put

it this way, the destination life ain't

that great. Like where you're going is

like game over, right? But don't I have

a sound clip of this here?

Game over.

Yeah. Like that's the destination. So,

so you got to enjoy the ups and downs.

You know, the

lead

and these

lost the lead

and you know, a little bit of

manipulation along the way.

Check out the programs on building

wealth link down below. I have to do

that right after. you know, it's a age

of empires. Anyway, that was pretty

impactful to me. And and then, you know,

then there's just like unfairness that

happens. I mean, then you see people

that, you know, it's terrible, but there

are people who are in their I know

somebody right now, actually, a good

friend of mine, his wife's got cancer

and she's like 24 and I'm like, what the

hell? Like, that's not even fair. That's

just that's just wrong, you know? And

like three kids. It's just it's just

it's so sad. It's so terrible. So, um

you know. So anyway, I don't know. Um

hopefully you could you could enjoy uh

life out there as as much as you can. Um

you know, go go have fun. Don't don't

take yourself too seriously. I think

probably the biggest lesson that I've

always learned is um

you know, probably the biggest lesson I

would say is life is all about two steps

forward, one step back. But you kind of

have to look at those one step backs as

just part of the game. Like I think

sometimes we get so frustrated like ah

it feels like I'm always getting set

back. It's like that's part of the game

man. Like you got to play the game and

and enjoy that. Uh

so somebody here says one should stop

drinking alcohol if they want to have a

productive last 20 years. Yeah. I don't

know. I mean I I pretty much am totally

off alcohol. Uh, which is I've actually

inspired my dad as well to stop drinking

alcohol. He's

How old is he now? 40. He's coming up on

71. Uh, that's probably pretty good.

Somebody here writes, "Doge from the

future. If you appreciate these morning

meetings, send a couple B." Oh, well,

thank you. I appreciate that. That's

really nice of you to say. In the old

days, the husband was the hunter for

food, but in modern times, the husband

is the hunter for our family. The hunter

is for uh Tammy saying that here. Uh, I

think that's where the talk about

priorities, but Kevin, we need

[laughter] I mean, I'm not going

anywhere. Like, don't get me wrong, like

I'm not I'm not saying don't work,

right? I want to be very clear about

that. I'm not saying don't work. Uh, I'm

just saying like work hard, but then

also have fun. Uh, like go do something.

Like, let me put it this way, okay? So,

so last year, okay, I'll give you a

little bit more background here. This is

I think this might be interesting. So in

in 2021, I was thinking about creating a

stock brokerage. It was going to be a

combination between uh probably M1

Finance and Weeble, something like in

the middle. And we were going to do like

automatic wheeling of options and and

there's some really cool things. The

problem is when we're in discussions

with both FINRA and Apex as well as some

other institutions and and uh market

makers, we're realizing there's no money

to be made in the stock brokerage

business. I don't like starting

businesses that can't make any money.

Like yesterday I was thinking about I

was researching you know credit cards

backed by home equity and I found a

company that I I won't reveal but I

basically think is a fraud and I think

they're a fraud because they have so

little demand. I don't think there's

money to be made in that because I don't

think homeowners care about credit cards

secured to their home equity. I think

they're like hell no my home equity is

sacred. Like f off. So so if there's no

money to be made in something I'm not

going to do it. So, uh, for example, on

this idea of starting a stock brokerage,

we, uh, after my campaign for governor

in 21, we we were in that idea for about

two and a half months, and we killed the

idea because a, we saw an inflection, a

massive inflection in the market. That's

back when I shorted RK at like a hundred

bucks. And we saw a massive inflection

in the market. It we figured it would be

near impossible to get people to sign up

for a brokerage in a bad market. So, we

killed that idea. Like a month later, lo

and behold, Sam Bankman Freed's on CNBC

getting interviewed by Becky Quick

talking about how he wants to create a

stock brokerage. Now, in hindsight,

we're like, "Of course, that fraud

wanted to find more ways to attract

capital." But Becky Quick, she's like,

"Hey, well, how are you going to make

money in a stock brokerage?" And he's

like, "Oh, we're not. It's a lost

leader." And it's like, "Well, good

thing we didn't go down that road. I

mean, we figured that out ourselves,

right? uh but I don't want to do

businesses that don't make money. So in

2022 instead uh I I launched businesses

that I think have have very real

potential in the long term to make a a

great deal of money. I mean no

guarantees but I mean think about what I

did in 2022. I launched an ETF which I

think is a phenomenal uh financial

product and uh you learn more about it

at meet.com. Uh, I launched a real

estate startup, which I think is going

to make a lot of money. And I didn't do

that because I wanted to work less,

right? I did it because I got to ring

the bell at the New York Stock Exchange.

I get to do a startup. I get to employ a

lot of people and share the visions that

I have for for both stocks and real

estate with millions of people. Like,

that's exciting to me. But that

excitement also helps me unlock

excitement just in in regular life.

whether it's it's you know going

paintballing with the team or or

whatever like actually again work hard

play hard. Uh obviously I also I bought

a plane in 2022 which uh was really

phenomenal because it's basically free

for the first year which is amazing uh

thanks to the tax benefits but uh you

know a lot of people look at that

they're like oh you're just trying to

finance the lifestyle. If you look, it's

like if anything that that thing has

made me work a lot harder uh because I I

travel for work so much. But the beauty

about it is it really has enabled me to

be very very quick. I could get a lot

done very quickly. Uh for example, I

I'll give you an example here. We did

some math. Uh so I I'll give you some PJ

math. Okay. Now, some people are like,

"Oh, Kevin, you're just trying to

justify the I don't have to justify jack

to anybody." Like, plain is mine. I

don't have to justify anything to

anyone. Uh, but we did did some uh quick

math which I think would be very

interesting to people. So, where did I

write it down? Uh

uh I have it written down on one of

these notepads. I'm going to find it.

But basically uh what we did is uh as a

as sort of a Did anybody watch the

original Apprentice where you kind of

get assigned a task and then you have to

compete against other people to see how

they do? Well, I just did that with uh

with with four employees because so I've

probably traveled I think we're at

somewhere around 100 flights already for

the year. 98 of them are probably work

uh related. Maybe two aren't. But

anyway, so out of 98 flights for the

year, I've gotten to a lot of places and

I've taught a lot about real estate and

what we're looking for and what we're

doing. And so what I did in sort of an

apprentice style, do I charter my plane?

Hell no. No, dude. That's my pee pee. I

don't want anybody on my pee pee. Uh

anyway, so what I did was this

apprentice style challenge where I

challenged four employees to travel

commercially to two different cities

each and then report back to me. And uh

so uh we went to basically we covered

eight different cities. Two people went

to or or one person went to two cities

times four, right? That's that's

basically eight people. and uh and they

had 7 days to learn everything they can,

meet agents, and basically do what I do

and implement what I do in person and

learn everything they can. And it's

really different when you're just

watching Kevin doing something to

basically getting thrown in the fire pit

and having doing it having to do it

yourself. You actually learn a lot,

right? That's the point. But what I

thought was really interesting is I

compared

how long it would take and how much it

would cost to send one person to two

cities four times over a 7-day period.

And how fast could we do it if I loaded

everybody into my plane and basically I

drove the bus? I don't fly, but I we

basically we did it with me my the Kevin

version. And so here were the results

which was really interesting. So the

results were that uh it took 7 days to

have eight different cities visited.

Uh that means it took uh multiple it

took one day of traveling on each for

each travel day was a full travel day. I

mean like getting to the airport, being

early, Ubering to the airport, checking

in, TSA, waiting, then being bound by

the flight time, then getting to the the

location, checking into the hotel, all

of that, right? It was a 7-day process

because when you compare that to what I

can do with with our plane, it's it's

about 60% faster. I'll give you the

example in just a moment, but we added

everything up and I think the total cost

was about $8,000, maybe $8,500, right?

Right around there, uh, was the total

cost. And what we got basically was one

person saw two cities. And so it worked

out to roughly about $2,000 a person for

7 days, which is actually pretty good. I

mean, some of them were were using

scooters to get around because the goal

was how inexpensively can you do it?

That was the goal. Uh, I mean, we're

talking, you know, $125 hotels, keeping

it as cheap as possible. That's part of

the challenge is like how how efficient

can you be? But some of the plane

tickets are like 700 bucks to go from

California to to Texas right now. It's

like 700 bucks. It's insane. So anyway,

the what we did is we said, "All right,

four people saw eight cities for eight

grand. That works out to $1,000 per

person per city, right?" The problem is

uh one person only experienced two

cities, right? So if one person wanted

to see all of those cities, the costs

would have been a lot more, not so

great. I mean, yeah, you could do double

occupancy in some of the rooms, but

still you'd be traveling. So then what

we realized is, well, what if we took my

plane? And so we looked at the variable

costs of the plane. And if we took my

plane, we could stop in two to three

cities a day. And the reason we can do

that is because we could take off and

land whenever the hell we want. So, we

could take off at 6:00 a.m., land

somewhere at 9:00, have a rental car

there, check out the city properties,

meet agents, on the plane, next city, on

the plane, next city. And we could

probably do that entire 7-day itinerary

in 3 days instead of six nights in two

nights instead of multiple Ubers, a

couple, you know, a few rentals at the

various different places we would go.

And so what we figured is the variable

costs for the plane and Ubers and the

the fewer hotels and fewer dinners and

stuff, we would be able to do the entire

7-day trip in 3 days with two nights

only. It would cost us about

$17,000.

So a little more than twice. So it is

more expensive.

Initially it looks more expensive, but

watch this. A little bit more expensive.

So, let me write this down because I

think it'll be easier to visualize. I

also think it's very interesting. So,

you write it down. So, what did $8,000

get you? Well, $8,000 got you one person

seeing two cities, one person seeing two

cities, one person seeing two cities,

one person seeing two cities, right? And

that took 7 days. That's what about

$8,000 got you. Well, in 3 days, so in

substantially less time, it might cost

$18,000.

But what happened? Now all of a sudden

you could have I would be along, right?

So you could actually have five people

seeing eight cities.

So now all of a sudden if you figure

five people are seeing eight cities.

Take a look at this. 18,000 divided by 8

[clears throat] actually works out to

$2,200.

Oops. Let me do this.

2250

per city divided by five, it would only

cost $450

per city for five people to see all of

these cities. $450 per city. Whereas

over here, people spent $1,000

per city. Now, how much of a mind f is

that? That I think is pretty remarkable.

Now, this doesn't work if only like one

person is traveling, right? And it's

also worth noting that I pay for the

plane myself because it's my plane. I

pay for it. Uh and I don't I don't bill

my real estate startup for my jet. Uh I

pay for it. Uh and I'm going to do that

as long as possible. So what's beautiful

about this though is I realized I go,

"My gosh, we are more than twice as

efficient uh in terms of how fast we

could actually see real estate. We're

more than twice as efficient with this

plane." But on top of that,

more people are able to get to the

places and we're actually able to do

them for a cheaper per city cost because

you can load the plane up with like nine

people. Imagine if there were nine

people instead of five. So, it's really

incredible uh just the efficiency that

you could get out of this. So, I'm these

are the the risks that I've taken in in

2022. And yeah, I mean there there are

cool things that come out of it. You

know, it's obviously fun uh to to do it

that way because it's so much more

effective, but these are just the risks

that I'm that I like taking because a I

think they're good business risks, but

they also combine with the idea of like

life. Like, dude, if I want to see four

cities, do I want to be away from my

family for seven days? Hell no. And

quite frankly, in seven days, the the

people who traveled only saw two cities.

So, if I wanted to see eight cities

commercial, I'd probably be gone for a

month when I could literally see eight

cities in 3 days, [laughter] right? Uh

it's kind of remarkable. So, so tying

that all back to like life to me, uh, I

think I'm making the best possible

business decisions while at the same

time looking at life and being like,

shisa, you know, you you don't want to

you you want to you want to do what you

can to be as efficient as possible so

you could not only run the business as

you want and create the success that

you're trying to create, but you also

want to do it in a way where you're not

miserable doing what you're doing. I

don't think there it would be possible

to do my real estate startup without a

plane because we we have to be places

fast. We can't be beholdened to a

schedule of uh of of commercial air

traffic and we can land pretty much

wherever we want with this sucker. Uh

which is great. We could get into small

airports. We only need a 4,000 ft

runway. That saves a lot of time. So

it's it's really exciting. Any anyway,

so so that's some insight. I want to

look at u some uh uh some of these uh

some of the comments that you all have.

Um, nobody rides my jet. Nobody gets

charged to ride my jet. That doesn't

exist. Uh, actually I think we just one

of us just visited Minneapolis. Uh, so

let's see here.

Kevin Airlines. No. God, no. No, no, no,

no. Time does not equal money. Everybody

has time, but not everybody has money.

Well, I mean, I think that depends on

the situation that you're in, right?

Like personally, uh I when I when I was

broke and I, you know, went to um uh

Jamba or I was working at Jamba Juice, I

would go to all the grocery stores with

a coupon, right? Like today, I'd

probably just use Walmart delivery

because Walmart Plus, it's like free

delivery. It's like why why would you

waste your time doing that?

I don't know why people keep asking

about charters. Uh I don't do charters.

Love the house hack videos. Thank you.

Uh, let's see. Arm and a leg. Just it

travel's annoying, man. It's It's really

difficult. My

your your uh relative lived in a

development with a runway in his

backyard now. That's pretty cool. That's

pretty cool. Yeah, you could you could

put a plane back there. That's amazing.

Oh my gosh. A plane absolutely increases

productivity. Massive increase of

productivity. It's insane. Well, because

the other thing, too, is when you're

when you're on an airline, uh, and I've

been on airlines plenty, okay? So, it's

like it is what it is. But when you're

on an airline, after you fly, you're

tired. You're exhausted. Like, your

productivity is like zero that day.

Whereas, uh, my little baby plane, I I

feel like energized when I get off of it

because I get so much done on it because

everything's where I want it. Like, I

keep an iPad and a laptop on there. uh

uh you know the pilots bring me my

newspapers. It's like I yeah I still

work newspapers. Um it's phenomenal just

the productivity of being able to do

what you want and and sometimes I mean

it doesn't happen often but we can in

theory be midair and we're like yeah nah

let's go to a different airport you know

it's like crazy. Uh you don't actually

wrap planes you paint planes. Yes we

have two dedicated pilots that are on

salary. How much is maintenance? You

know, if you want to know how much

maintenance is on a plane, you should

not think about owning a plane. It's

insane. Let's just put it this way. The

planes probably going to cost somewhere

around $2.4 million a year to own and

operate.

Uh so yeah, but uh we are going to paint

on a new tail number onto it, which will

be pretty pretty cool.

Just make a teleporter. I know, right?

Anyway, so I wanted to share that uh you

know that's uh do I regret not having a

wedding experience? No, I actually don't

because see I think a big wedding

experience would have probably tanked

our ability to buy real estate. And the

most important thing you should do when

you're younger is buy real estate. Uh

now don't get me wrong that is counter

to what I'm saying here like this

experience versus like um uh like real

estate, right? But I also had an

experience. You know what I did? Instead

of spending 40 or 50 grand on a wedding,

which gets you, you know, one or two

nights, we did a 10day honeymoon uh and

a and a Mediterranean cruise for like

five grand. So, in other words, instead

of spending 50 grand on a wedding or 40

grand on a wedding where where

everything is overpriced, the

photographers, the videographers, the

wedding cakes, the venue, everything is

a ripoff in the wedding industry. And

I'm sorry if you work in the wedding

industry, honestly, you know deep down

inside it's a ripoff. But that's okay.

Like, people are willing to pay it. So,

I don't blame you for charging the

prices. Other people are willing to pay

it. Make your money, man. It's fine.

It's okay for you to make money. I'm not

going to do that though. Instead, I'm

like, I'm going to have a bitching

vacation for, you know, five grand or 10

grand maybe all in, right? I'm going to

have a bitching 10day vacation and it's

going to be the best thing ever. But I'm

going to spend zero on the wedding and

I'm going to spend 10 grand on my

honeymoon because why do I want to

entertain everybody else when instead

I'm going to have a in vacation

and a in experience with now my

wife and buy a house? [laughter]

So, so sorry. Okay, don't ask me about

weddings, man. Anyway, I got to get over

to the Elite Hustlers live stream. So, I

appreciate y'all being here. Y'all are

great. Uh, I know there's some haters

who watch, but you know what? The haters

are watching, which is honestly an

honor. It's okay, man. You know it, it's

life. You know, some people want to

punch me in the face. That's fine. You

know what? Even the people wait, you can

still go to Streamyard. Go to

medkaven.com/streamyard.

Sign up for one of the best streaming

platforms [music] ever. You put cool

things up on screen like this is a paid

promotion sponsorship. But hey,

Streamyard rocks. Check them out.