why i'm spending all my money

other than taking that income that I

make from YouTube and squandering it on

sitting in my backyard and doing nothing

I want you to know that I'm taking the

money that I earn and I'm using it to

give back to society that's what excites

me so I'm not squandering the money I

make so I can sit around and do nothing

and enjoy passive income I'm reinvesting

oh boy it feels like we are right back

to old school YouTube where Finance

YouTube is now convinced that the best

thing you could do in your life is think

about passive income and retiring early

in financial Independence the fire

movement and all these exciting ideas of

living on a beach and never working

another day in your life and guess what

it's all

here's exactly why I believe that as

desirable as that sounds it's just not

what humans like take a listen to this

and you'll maybe see a little bit more

wine and I think by the end of the video

not only are you going to learn a lot of

really cool things but you'll see why I

purposefully am not saving a dime this

year so let's go back to the 1920s when

John Maynard Keynes suggested hey

we believe that because of Technology

we're going to end up seeing people

become so productive in their lives that

they'll only work 15 hours per week but

they'll actually have a wealth a real

income that is inflation adjusted that's

around five to seven times as high as it

is now

and guess what within the next 50 years

John main arcanes was correct on one of

these

we were actually as a result of

Technology substantially more well-off

the standard of living had grown

significantly people were no longer

living in dirty nasty cities with 50

percent of all children dying before

adulthood we could now afford a car live

in suburbs afford technology cities are

somewhat cleaner and most children

actually survive to adulthood now thanks

to health care and the technology we

have that make us a lot more functional

so John Wayne arcanes was correct we're

a lot more of a functional and Rich

society today than what we were 100 or

150 years ago in fact 150 years ago

almost all of society solely worked in

agriculture to put food on the table for

society today maybe only about one to

three percent of society Works in

agriculture putting food on the table

and that frees us up to work on other

things that are more productive or

useful in our lives which is fantastic

it greatly increases what we are able to

accomplish in our lives and this is very

exciting and we'll get to more of this

later but what's really incredible is

that John made arcanes was actually

wrong about his other argument this idea

that humans would go from working around

40 hours a week which has been true for

the last about 1 000 years

and it would go down to 15 hours per

week because if technology was

completely wrong in fact

people continue to work on average 40

hours per week the amount of time that

people worked did not go down despite a

skyrocketing in the standard of living

this is incredible why would that be

well economists argue that this is

because just like a lack of money when

you just don't have enough to pay the

bills can lead to stress and depression

on the other hand a lack of purpose and

a lack of drive for success or in other

words sloth also leads to negative

health effects and depression

Ben Franklin once famously said that a

used key does not rust

but an unused key like sloth

becomes incapable of functioning it's

fantastic and I probably slightly

butchered the quote because I pulled

that one from memory but I think it's

really incredible because it goes to

show without as humans at least based on

historical data and historical quotes

both data and anecdotes it's important

to Note data also shows this

people don't necessarily want to work

less than 40 hours a week in fact what

do really wealthy people do well they

end up retiring retiring from their job

and then what do they do they work on

stuff they want to work on maybe that's

a charity a foundation or writing a book

or a new startup usually don't see

people completely disappear and when you

do they tend to I hate to say it and

this is not statistical this is just

sort of what I see it seems to be when

people actually officially retire and go

towards doing literally nothing and have

no purpose left their body shuts down

and they die it's almost like the cells

in our body are designed to turn us off

when we are not being productive in

society it's kind of like there's a kill

switch in here that's like okay you're

no longer adding value to society you're

dead I don't know it's a suspicion that

I have and I think it's a suspicion why

Warren Buffett still works to this day

because he realizes hey not only am I

happy and fulfill doing what I'm doing

every day even though of course one of

the richest people in the world doesn't

need to but he does because it provides

him fulfillment and that actually keeps

him alive

so this of course leads to a lot of

people saying oh but Kevin you know I

hate my job I want to work less and this

may be true we might want to work less

at a job we hate and that's the beauty

that investing can bring you such as

investing in real estate which can make

you Ridge slowly but much quicker it

could lead to a much quicker retirement

retirement from what you don't like than

any other investment now this isn't to

say that okay you've got to just invest

in real estate forget everything else

like socks I love stocks as well and

this really isn't an investing video but

the point of this video is to show you

there's a lot of time in the day beyond

work consider this for a moment because

a lot of people don't believe me when I

say this but a lot of people suggest it

would be crazy to think that you have

more time for family than you do for

work when you work 40 hours per week and

that's because most of us haven't

actually sat down and thought about how

many hours there actually are in a week

there are 168. so what happens when you

sleep eight hours a day well you're left

with 112 hours in a week well if you

work 40 hours in a week that actually

leaves you with a lot of time for

friends family and fun and leaves you

with 72 hours if now you sleep eight

hours a day and let's say you sound like

a workaholic and you work 72 hours a

week well you'd actually have 40 hours

left for family and fun

quite frankly another job if you wanted

one it's kind of incredible in theory

you almost have enough time in your day

for two and a half jobs per week which

is remarkable

but what usually happens is we squander

a lot of the time in our day and so it

doesn't feel like we actually have this

much time see the right answer for many

of us is probably somewhere in the

middle we could sleep excuse me we could

sleep eight hours a day we could play 55

hours a week and we could work for 50

hours 55-ish hours a week that gives you

about an extra two hours there with

quick simple math point is there's

actually a lot of time in the week

the problem is we waste it we waste it

getting ready dithering and planning

about it oh

standing at the water cooler I gotta get

ready for that meeting

gotta get ready for work uh gotta get

ready for that commute uh can't find my

phone phone battery's dead can't find my

keys gotta make the bed gotta do the

laundry we waste time doing things that

quite frankly we could systematize and

simplify I'll give you some examples

I've made refinements in my life that

make sure I can maximize those 112 or in

my case probably closer to 130 hours a

week that I have because I choose to

sleep less than eight hours a day this

has led to making a lot of refinements

we talk a lot about these refinements in

the courses on building your wealth but

I'll give you a few examples here

remember those courses are linked down

below my office is a 55 second go-kart

ride away I really don't waste time on

commuting I literally take a go-kart at

23 miles per hour and I get there in 55

seconds

it's great I also find that other people

do the same thing one of my hardest in

office workers lives a two-minute

commute away my hardest the probably one

of the next hardest working individuals

I've ever seen is one of my pilots and

this guy's brilliant he bought a place

three minutes from the airport brilliant

actually I don't know if he bought he

might be renting but either way he's

either renting or buying but he can

afford to do whatever he wants but he

got a place three minutes from the

airport brilliant why waste your time on

a commute another amazing employee of

mine who works so incredibly hard did

just buy a townhouse about two minutes

away from our office and probably about

eight minutes away from our work sites

where usually he had to commute about 25

minutes to work so eliminating that

commute really useful also when I wake

up I like to have my dress shirt my tie

because everything's ready to go right

there every single day I can grab it on

my way to coffee and I'm already ready

to work I'm not not wasting time looking

for laundry or trying to go through the

closet because I've organized it in such

a way that it's ready to go

also this might sound crazy but I have

five different workstations and they

each make sure I'm most productive in

each place I'm in for example I have

this studio which honestly I don't like

sitting here and doing research because

it's not that comfortable to work in

it's really cold because I don't like

sweating when I'm on video and it's not

the most ergonomical for doing research

but it's fantastic for filming in fact I

really love this studio for filming it's

really really good and very functional I

can do a lot of things with just the

push of a button without moving my body

at all if I want to watch the bike show

I can do that right here I want to throw

up my iPad I could do that I want to

throw up what I'm doing on my computer I

can any of these things with a touch of

a button without even moving okay grab

remotes from this drawer I could grab

other products that I need from this

drawer whatever I coffee machine right

there after all literally right here I

can push the unbutton on the coffee

machine because I've tried to make my

office as functional as possible but I

also have a second Studio which has its

own functional purposes because who

would dare want to have to go through

another 55 second commute but it

actually is a different style of office

it's that office with a black screen

where I could write on it but I have a

separate desk set up at that office as

well as another quiet space that I'd

like working in here where this studio

is not in this room in a different room

but in that room I could sit down I can

listen to the birds chirp and I usually

do a research or accounting it feels

more like a warm homey space that I

could actually get functional productive

work done without being bothered by

either other people or children or

whatever

then I have a fifth bag or a fifth setup

I should say all of these by the way

have a computer and some a lot of them

have a computer and an iPad ready to go

so yeah I've multiplied the amount of

devices I have but that's because I

don't want to take all of these devices

and constantly be missing dongles or

Chargers oh I lost the charger oh I lost

the dongle oh I lost the security key oh

I lost why

I take that stress out of my life and

I've just duplicated it and make sure my

phones are in the same place every

single day they're right here standing

in my little charging base that's where

I keep them when I go to sleep I put one

in the hall bathroom and one by the TV

stand and then I use my Watch to wake

myself up so that way my watch wakes

myself up and then I have to turn those

phones off before they wake up the

family and so I'm motivated to get out

of bed and then by the time I actually

turn off both of those devices surprise

surprise I'm actually awake it's these

little refinements and tricks that

prevent me from sleeping in when I'm not

supposed to but I also have a travel bag

that is literally a duplicate of

everything I have how many times have

you gone on a trip and be like oh I

forgot a toothbrush oh I forgot a razor

oh I forgot you know hairspray or gel or

deodorant or whatever I basically never

pack that's because I have a box that

has a duplicate of everything it has a

duplicate iPad a duplicate computer it

has duplicate clothing it has duplicate

uh toiletries it has his own toiletry

bag everything that I would need to

travel is in one box so right now I

could go on a three-day vacation if I

needed to wearing what I got

grab the bag and go

that eliminates a lot of the junk that

ordinarily you have to do in your daily

lives now of course at some point it's

nice to get to the point where you're

willing to spend money on a cleaner

maybe once a week who does the laundry

for you and cleans the house but

obviously you've got to get your income

to a point where you're comfortable

doing that obviously there's some chores

that we have to do for example the other

week I had a debate with some

individuals who are like okay well Kevin

I gotta go to the grocery store I need

time for that and I'm like why

get a Walmart Plus Membership it's

literally free delivery for groceries

doordash a little expensive I agree with

that unless you're getting Costco then

sometimes it's worth it because you know

they they can go to Costco and deal with

all those crazy lines over there and

you're still saving so much money to

where it generally makes sense

but the point is Outsource some of this

junk and focus on the things that matter

family and fun now I want to get to the

part of the video where I talk about how

much I spend on everything that's going

to be really important spending is a big

part of what I'm doing this year and

there's a reason for that and I'm going

to explain that but I just want to be

clear that my feeling of trying to have

a place for everything and everything in

its place extends to everything I want

tools to be in the same spot where they

always belong if I need a scissor it

needs to be in the same spot otherwise I

got frustrated I have little remote

control holders because I hate losing

remote control so I put them where they

belong I don't like not knowing where a

drill is or the drill bits are for it so

I have a rack that holds them and it has

a charging Bay plugged into it so it's

always charged it's always ready to go

it's the same for Nerf guns I want the

goggles on a hook so they're ready to go

so when I want to play I can throw a

goggle on I know right now exactly where

it is I know where the Nerf bullets are

and I know where the Nerf guns are

because they're all on a hook in their

own special place it it's these little

things that have helped me get rid of so

much wasted time in the week that allow

me to spend more committed time with

family and more committed time when I

work as a result I get a lot more done

because I'm not wasting time wondering

why is my phone not charged or where is

it so this is all very very important

and it's quite literally all what I'm

doing right now but a lot of people

wonder Kevin why are you spending all of

your money in 2023 I mean shouldn't you

be focused on making money and then

investing it so you could retire early

well I've actually resigned to the idea

that I'm never going to retire and I

actually don't think that's a

resignation I've actually decided to

just live as if I'm retired now

but still work on what I want to work on

that sounds crazy but the way I do this

is when I go travel with my family I

dedicate all my time to them I live as

if I'm retired but when I'm in that at

home period I do what I want to do which

is make my Youtube videos or grow my

startups because if I'm retired retired

in the future which I don't think I ever

will be because I'm really happy doing

what I'm doing I've come to accept I'm

going to be working 40 to 50 hours a

week whether I'm retired or not which I

know sounds crazy but again look at the

people who 100 retire they end up

finding some kind of project to do they

just do something they want to do I

already have the freedom to do what I

want to do so I feel as though I'm

retired in that sense I get to do what I

want to do what I want to do is build

these companies if I want to go on a

vacation to Canada for 10 days I'll do

that in fact that's what I'm going to do

in about a week from now I want to spend

four days in Northern California with my

family and just play Nerf guns at

different parks with my family I can do

that and I can do it at any point I want

to that is wonderful but why then am I

spending all my money am I spending it

all on extravagant vacations a bigger

home or Rolexes or watches hell no I'm

spending it all on either time with my

family or businesses and see that's what

I really enjoy see this year I expect to

spend about a million dollars just on my

financial advisory business investing

into it so we can launch more ETF

products following the great success of

my first ETF in fact if you follow me

I'm heavily investing in my team around

me this year I expect to take all of the

interns that are working with me all six

of our our in-house staff members that

are working with me and we're all going

to become licensed financial advisors

and Series 7 Brokers right now I'm a

licensed financial advisor but I'm going

to bring them all up to the same level

as me and we're all going to become

licensed Securities brokers and that's

going to help us with our startup I've

never had an in-house attorney before

and I'm looking for an in-house attorney

now but I want to bring one in-house so

if you're uh someone who just passed the

bar and you want a job or you're an

intern who's considering hey you know I

don't have experience but I'm interested

uh send an email to jobs at me kevin.com

the biggest thing we're looking for

right now is an in-house attorney

because we've never had one before so

we'd like to have someone in-house

that'd be kind of cool you don't need

any experience you just need to have

past the bar that's it basically or the

bar in your state because you could just

pass it in our state but you'd have to

relocate if you're going to work for me

you have to be in SoCal so need not

apply if you're asking to be remote it's

not going to happen then I finally

teamed up with an amazing Editor to help

me edit uh travel videos want to

interview people like Barbara Corcoran

or Kevin O'Leary or Ron Paul I just

really have found I don't like editing

and so I either don't edit my videos or

I give them to him then there's house

hack my real estate startup this is a

unique one because I'm so afraid to

spend a dime of investor money that

we've basically only spent money on

Securities attorneys for that company an

accountant

a marketer who handles like the website

and the fundraise stuff uh Auditors and

a little bit of rental car money and a

little bit of Hotel money that's it

that's basically all that company has

spent money on oh and there's also a

programmer uh that that works on some of

the the apps that we've got building for

that so that's exciting but it's like a

fraction of the money you would think

that a company like a you know a startup

that's raised over 25 million dollars

would spend money on it's I mean we are

making way more money just milking

treasuries with the cash we have until

we go buy real estate which is fantastic

but I'm really afraid to spend other

people's money and so along that vein

I'm taking my media business and the

income that it generates to pay for

making me the best CEO possible that is

I'm able to get where I need to be very

quickly I can get around very quickly I

can make sure I'm as efficient as

possible in every business that I'm in

and my media business pays for that so

in other words my media business pays

for a plane that I bought so I can get

around and invest in these businesses as

best possible neither of my two startups

the financial advisory business or the

real estate startup neither of them have

paid I'm sorry the uh well yeah the

housing startup a house hack neither of

them have paid a dime towards my plane

not a single dime and I've been flying

for these various different businesses

over 200 hours already this year and

we'll probably double that by the end of

the year so we'll probably be flying

somewhere around four to five hundred

hours this year and I'll pay every dime

of that not my other businesses and

that's exactly what I love I love being

able with a successful business and

successful Investments that have made

reinvest into new businesses because I'm

convinced that I will never not have a

project but I feel so happy today

because I don't need to do any of these

nobody is forcing me to do any of these

businesses I'm legitimately excited

about doing them I wake up and I'm like

this is great we're moving the uh the

ball forward with the housing startup

we've got a reggae launch coming up and

then we're going to be buying soon after

that Q3 Q4 we just sent out all the

stock certs audited stock certs and

warrants for all the existing investors

already and the next round is coming up

we're so excited for launching that the

this stock hack business don't even get

me started on some of the plans we have

for this you'll be hearing about them in

the future but it's going to be

incredible they're running two startups

here it's really really fun uh and it

just gives me excitement to come and

share it with you so

I could be retired today you could be

living off passive income and you know

playing with I don't know uh sitting in

the backyard and and soaking up the Sun

or something like that but that doesn't

give me as much excitement as these

things give me excitement for so yes it

is exciting to have the freedom to do

what you want but for me that freedom

isn't buying Rolexes or Lambos or a

bigger house I still live in the same

2300 square foot house that has no

driveway and is probably too small for

us especially since we're about to

expect twins which is really exciting

knock on wood that all works out but I

don't I don't want a bigger house I love

the house I love where we live I don't

want to glambo I don't care about that I

want to invest my businesses I want to

invest in my team I want to make it so

that they can be as successful as

possible and they don't need to stay

with me forever I know that people will

end up growing up and moving on or you

know whatever I mean hopefully they stay

with me for as long as possible because

we've got some really cool irons in the

fire that could be wildly profitable for

everybody who's here but yeah I'm never

going to be in a situation again where

one person leaving can sandbag my

companies I had made that mistake in the

past it's never going to happen again

but I think the bottom line conclusion

out of all of this is

I've gotten to this point of acceptance

and it's not even like acceptance almost

sounds like it's a bad thing I've gotten

to this realization that even if I

retire I'm going to work anyway I'm just

going to work on the things I want to

work on so now when I spend time with

family I'm wholly present and wholly

committed this is my family time and I

segment that family time out Nerf guns

go-karts uh cyber quads travel whatever

that's dedicated family time and I will

be the best dad when it's time for a

dedicated family time but when it's time

for dedicated work time I'm focused on

dedicated work time I'm not dithering

between a commute or sitting around

doing different things and even when I'm

commuting so to speak on my plane I've

set myself up so that I can get work

done on the plane we just bought

starlink for the plane for example

that's gonna like 10x our activity on uh

productivity on the plane but I have set

myself up to make sure I'm I'm capable

of being productive even now while

flying uh but anything I can do to make

sure I could spend more time being

productive on my startups actually gives

me substantial happiness especially

since then I can flip it over to

Dedicated family time and so segmenting

these and being fully committed that my

version of retirement is being able to

go on a 10-day vacation with my family

still get the minimal work done that I

would have to get done but then spend

dedicated time with the family that's

exciting to me as well as hey if I'm

retirement I'm in retirement I want to

take the knowledge that I've built and

do something with it like I want to give

back whether it's a startup or the

future maybe it's a non-profit or

whatever I want to give back and I want

to grow the people around me the team

members around me I want to elevate them

I want to elevate uh the the

productivity we can share with Society

the value we can provide to society that

gives me great happiness and so yeah I

mean right now my burn is probably about

twelve thousand dollars a day which is

pretty insane burning twelve thousand

dollars a day I'm probably way under

charging my real estate startup and my

uh my my stock startup but I am so

afraid of spending other people's money

I just it's like no no I'll pay it oh

that's not me that's not me that's not

me I gotta I gotta normalize that a

little bit because I'm a little extreme

right now but honestly I'm not worried

about the small dollar because I'm so

optimistic about the future of of these

businesses that that I'm investing in

and the value that I can provide to them

so I don't know maybe I'm just like kind

of giddy right now and like knock on

wood you know I I I like I don't want

anything to go wrong and I hope it

doesn't like I feel so grateful

everybody's seems happy healthy uh kids

are great you get twins on the way again

knock on wood like so many bad things

can happen in our lives right but I'm so

grateful and I have to give a huge

thanks to all of you because it's

enabled me to be in this place but I

want you to know if there's one thing

that's different about me then maybe

somebody else is that I'm not taking the

money that I make because you're so

generous with your time to watch my

videos and hopefully you get value out

of them uh and that helps me make an

income but rather than taking that

income rather than taking that income

that I make from YouTube and squandering

it on sitting in my backyard and doing

nothing I want you to know that I'm

taking the money that I earn and I'm

using it to give back to society by

building startups that are going to make

Financial advice more attainable to

people with artificial intelligence that

are going to make housing and rental

properties a higher quality product and

I'm going to give back to society that's

what excites me so I'm not squandering

the money I make so I can sit around and

do nothing and enjoy passive income I'm

reinvesting it into the people who work

for me the employees around me or really

the beneficiaries of the companies we're

starting so we're not slowing down we're

going full steam ahead and if that means

I have to take every dime I make this

year and reinvest it and so be it

because that gives me great happiness

now I want you to know this when it

comes to AI

time is what's going to make you money

and if you can prove that value to an

employer you'll always be able to be

employed so this is another way of

making sure that you don't get replaced

but

foreign