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A Message to My Subscribers | My Jet, Startup, & Future.

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FULL TRANSCRIPT

0:00

Hey everyone, me Kevin here. This video

0:02

is a message to subscribers. We are

0:04

going to talk about this YouTube

0:06

channel, my jet, my startup, and the

0:09

future. I'm also going to provide some

0:12

lessons and mistakes and things that

0:14

I've learned to do better over time in

0:17

this video. Now, it is late on Black

0:20

Friday at the time of filming this. I've

0:22

been going deep on Monster here, mostly

0:25

because I checked the email again, and I

0:27

haven't seen this many emails in a long

0:28

time. We got a lot of bundle requests,

0:30

so I got a little bit of work to do. Uh,

0:32

so we'll keep the Black Friday sale open

0:34

until we get through all these emails.

0:35

Uh, that's at meetke.com. What a lot of

0:38

people are doing, by the way, is they're

0:40

asking for access to the stack hack

0:42

lectures we have already. You could

0:43

email us for that. Shadowing less, but

0:46

that's there. Uh, most people are going

0:49

for the gold course because it comes

0:50

with the course member live streams as

0:51

well. It's only 375 for Black Friday.

0:54

#dflationlation and existing course

0:56

members are upgrading to platinum. A lot

0:57

of that is happening and a lot of that

0:59

is manual. Anyway, let's talk. So, the

1:02

first thing that we've got to do is

1:03

we've got to talk about Eljetto. Uh that

1:06

jet is actually right here. This jet is

1:10

a Phenom 300 E. Don't forget the E. Uh

1:15

somebody just listed one on Controller

1:17

that's one year uh newer than mine for

1:20

like $13.2 million. I paid one or 12.8

1:24

for mine. And a lot of people have been

1:27

asking and leaving comments and emailing

1:30

uh the most important questions that

1:32

people send which are who pays for the

1:35

plane, who are the pilots, and uh what

1:39

are you going to do with the plane? And

1:42

uh uh what's the point of it? Okay. So,

1:45

why don't we start with that? And then

1:47

what I'll also do is I'll pull up some

1:50

of the uh uh the costs that we've had uh

1:53

for the plane. I think these will be

1:54

pretty useful. I have an October

1:56

statement handy for you that will show

1:58

you some year-to-ate figures which I

2:00

think are pretty useful. So, I'll just

2:02

make sure there there are no sensitive

2:03

names on it or whatever. And we'll pull

2:05

that up. Okay. So, uh first things

2:07

first, I own the plane. I bought the

2:09

plane. I pay for the plane. And when I

2:11

say I, I mean me. Kevin pays for all of

2:14

this. Not a single dollar of house hack

2:18

or ETF or whatever money has gone into

2:22

this bird. Not a single dollar. Uh, and

2:25

and I will keep doing that for as long

2:27

as possible because that's what I've

2:29

been saying from day one. This plane

2:31

allows me to operate a YouTube channel

2:34

where honestly we got to talk about that

2:39

and these other businesses. So, let me

2:42

quickly tangent in the YouTube channel

2:44

and then I want to show you some of the

2:45

uh expenses here. I'll tell you the

2:47

YouTube a little bit on the YouTube

2:48

channel regarding this while I um I

2:51

black this out. One of the mistakes that

2:52

I've made over the last few probably two

2:56

years since about January of 2022 is I

2:59

went from in 2021 posting about six

3:02

videos a day to posting about

3:05

4.8 videos a day in 2022 to posting

3:09

about 1.8 videos a day in 2023.

3:14

And so I've sort of self-fululfilled

3:17

this uh YouTube slowdown. And I think

3:20

that was a mistake. Uh now in hindsight,

3:24

uh I should have done my best to make

3:26

sure I keep posting enough content and I

3:28

I don't think I did as well as I should

3:30

have in prioritizing that because I do

3:33

believe for the future of my startups,

3:37

our what we do on YouTube is actually

3:39

very useful for the startups. the easier

3:43

it is for me to communicate with my

3:45

audience of whether it's agents or

3:47

investors or whatever, the easier it is

3:50

for us to do deals and house hack. For

3:53

example, the first property we ever

3:55

bought came to us from a course member.

3:57

They're like, "Kevin, this is a good

3:58

deal. Check it out. It just hit the

4:00

market 30 minutes ago. You game?" Boom.

4:03

We got the deal.

4:05

If you want to send us deals, by the

4:07

way, send us deals. Like, send them to

4:09

kevinhouseack.com. Like, we're game. Uh

4:12

my dream by the way is and this is I

4:14

think the entrepreneurial curse is you

4:17

see somebody doing something and you're

4:18

like I could do that better.

4:21

That is why pretty much I feel like I've

4:23

done anything in my life. It's like wow

4:26

those people are real estate agents. I

4:28

could do better than that, right? Like

4:30

and obviously that there's like some

4:32

like arrogance to that of like oh I

4:33

could do better. So you have to be

4:35

careful with that. Like I'm not going to

4:36

fly this plane. and we have pilots to

4:37

fly this plane because I don't want to

4:39

kill myself because I mean, you know,

4:40

you make mistakes if you think you could

4:42

do everything yourself. I know I can't

4:44

do everything myself, but uh I do think

4:46

it's very interesting. You know, having

4:48

started in real estate, I'm like, I can

4:50

do better. Uh property management, I can

4:52

do better. Uh you know, working at Jamba

4:55

Juice, I can do better. Look, I look at

4:57

Open Door now or even how some people

4:59

make YouTube videos, I'm like, I can do

5:00

better. Open door, I know I could do

5:03

better. Now, obviously, I can't

5:04

guarantee that, right? You know, I don't

5:06

want anybody to be concerned about, you

5:08

know, me making promises or whatever,

5:09

but I just this is just solely my goal.

5:11

My goal is to kick Open Door's butt. And

5:14

I think by changing the model to the

5:18

house hack model, we will completely

5:21

dominate them and actually make what

5:24

they're trying to do functional for

5:26

communities and people and tenants and

5:29

long-term owners and investors and

5:32

employees, everything.

5:36

Uh, you know, we we get compliments from

5:38

where House Hack is working. Now, we're

5:39

on our ninth property now. My goal by

5:43

May is to get to property probably 50

5:47

and uh get them all rented out. That's

5:49

the goal. Uh, every single deal right

5:52

now is probably averaging out to about

5:54

$125,000

5:56

wedge. Some of them are a little smaller

5:59

because they're more expensive. Some of

6:00

them are less expensive to fix up. uh

6:04

you know, whatever. Probably average

6:06

purchase price is like 600K or whatever,

6:08

100K wedge on that. Uh and it's also a

6:10

really tough time to rent things out

6:12

right around Thanksgiving. Fortunately,

6:14

you know, most of our stuff is still in

6:15

construction or in escrow, but uh

6:19

everybody knows November, December is a

6:21

terrible time to rent properties out,

6:22

which duh, but it also makes it a great

6:25

time to buy properties because nobody

6:26

wants to move. But anyway, uh yeah,

6:30

regarding regarding the plane, the whole

6:31

purpose of the plane was to make sure

6:33

that we could operate all of these other

6:35

businesses

6:36

and uh make sure that I would be able to

6:40

be in this studio to film and provide

6:42

value because that is what I do really

6:44

well. So, uh I've realized that over the

6:47

past, you know, year and a half, I've

6:49

I've let down a lot of people in that I

6:51

haven't been consistent in doing course

6:53

member live streams. In hindsight, that

6:55

was a mistake. I should have been

6:57

consistent with the course member live

6:58

streams. Oh, sorry, not the course

7:00

member live streams. I've always been

7:01

consistent with the course member live

7:02

streams. Well, 99% with the market open

7:04

and close live streams. Let me very much

7:07

clarify that. I've been consistent with

7:09

course member live streams, 99%

7:11

consistent since 17 with the course

7:14

member live streams. Very, very

7:15

consistent. The market open and the

7:17

market close I am not very consistent

7:19

with. But I've changed that about 10

7:22

days ago, maybe fiveish days ago or so.

7:25

I'm back every day 5:25 a.m. Different

7:29

channel though, Meet Kevin live. I'm

7:31

putting it all over there because if I

7:32

go live uh and then I post a video on

7:36

the main channel, they compete with each

7:37

other. It doesn't make sense. I'm

7:39

segmenting the audiences. It's totally

7:41

different content, too. So, it's

7:42

perfect. But that was a mistake.

7:44

Stopping doing the regular open and

7:46

close live streams, and I want to make

7:48

sure I do those as much as possible now.

7:50

So, I want to be here as much as

7:52

possible during the week and then take

7:54

the plane in, you know, afternoons or

7:57

weekends and do the other work that I

8:00

have to do. A lot of work I could do

8:02

from right here, but then when I need to

8:04

go see a bunch of properties, I could go

8:06

fly and handle that when I need to. Good

8:08

deals, I pick up and go. Uh, weekend

8:11

properties, whatever. I could see

8:13

everything basically on the weekend. So,

8:15

the plane is very expensive, but it

8:16

gives me the ability to run two

8:18

different companies. And so, for me, the

8:21

plane is worth every penny. First of

8:23

all, uh I got the plane for free for two

8:26

years. I think people forget that when

8:28

you buy a plane, you get 100% tax

8:30

deduction, which, you know, I paid $12.8

8:33

million for it. So, I wrote off $12.8 $8

8:36

million,

8:38

which is awesome because you save all

8:41

that money in taxes, which was like $6

8:43

million or whatever. So, I'm like, h,

8:46

thank you. Thank you, government, for

8:49

for basically giving me 2 and 1/2 years

8:51

of operating expenses for this plane.

8:53

It's closer to 2 and a half years, which

8:55

is great.

8:57

Here are the expenses that I've put into

9:00

the plane so far this year. Keep in mind

9:02

that there is a loan on the plane which

9:06

is also a tax deduction, but I've

9:08

probably put 11 months in, about $800 in

9:12

on the loan, which means right now on

9:14

this plane, I'm in about $2.1 million

9:18

so far for the year, but the year is

9:20

basically over. And that's that's to be

9:22

expected. That's pretty normal. Uh I

9:26

budgeted $2.4 per year is what I

9:29

budgeted. So, we're roughly in line with

9:31

that. You could see this plane's

9:33

operated by a management company. So, uh

9:37

I just, you know, throw in money every

9:39

month and then they take care of it. You

9:41

know, all these different things that go

9:42

on, which is great. And they charge me

9:44

for that. See, aviation management,

9:46

$7,000 a month. Aircraft maintenance,

9:49

$46,000 for the period of time. It's

9:50

about $4,000 a month. Uh contract

9:53

pilots, $160,000, $168,000 in contract

9:57

pilots, you You know, then you you also

9:58

have payroll pilots. We have two payroll

10:00

pilots. I pay for those. They're on uh

10:02

you know, right here. This is I pay for

10:05

them. $184,000.

10:08

You've got uh you know, ramp parking.

10:10

This is for the odd time we overnight uh

10:13

or when we stay at our hanger,

10:17

uh I believe. And uh yeah, then over

10:21

here we have uh payroll expenses. Those

10:23

are going to be like workers comp, uh,

10:26

health insurance,

10:28

benefits, days off. Look at this. You've

10:30

got hourly fees for the engines. You

10:33

know, I paid $114,000

10:35

towards the engines

10:38

because it's a million dollar. Well,

10:39

probably maybe might even be more. Yeah,

10:41

engines are probably 600,000 bucks a

10:44

piece. Uh, and they need to be, you

10:46

know, very well maintained. Fuel

10:49

$311,000

10:51

in fuel. hanger rentals, insurance

10:53

expenses. Oh, this is probably our home

10:55

base hanger rental right here. Anyway,

10:58

so uh as you could see, a plane is

11:00

expensive, but it creates a utility. And

11:04

I personally am of the mindset and and

11:07

this I think is just this

11:08

entrepreneurial curse. I'm of this

11:10

mindset that I need to keep progressing.

11:15

And I found that there's a difference

11:17

between being um productive and then

11:22

that product like and then making

11:24

progress I guess would be the way to put

11:26

it. So think about that a difference

11:28

between productivity and progress. I

11:30

think that's actually a lesson. So let

11:33

me give you an example. I could go out

11:35

and be really really productive and go

11:37

shovel snow and I could be 100%

11:42

productive. I did a great job at

11:44

shoveling snow. That's great. I feel

11:47

good. Look, it's beautiful. I can walk.

11:48

I can park my car. Whatever. But even if

11:51

I'm 100% productive, am I really making

11:55

progress?

11:56

And so for me, I get a massive

11:59

satisfaction out of making progress. The

12:01

problem is when you're an entrepreneur,

12:04

it's very difficult to always make

12:06

progress. In fact, you will basically

12:08

not always make progress. When I worked

12:10

at Jamba Juice, I felt like my career

12:13

was pretty much just like progress like

12:15

this because, you know, you learn, you

12:19

work hard, you get trained, and then the

12:21

district manager comes in is like, "Oh,

12:23

you're doing ABC really well. Now, I

12:26

want you to work on XYZ." And you're

12:27

like, "Okay, cool. I'll do that now."

12:29

And you try to progress.

12:31

entrepreneurship has this potential of

12:35

basically being

12:38

like much steeper but unfortunately it

12:41

it comes with this and uh and and

12:44

sometimes it sometime you know it could

12:46

feel like you're like that like you're

12:48

really going under uh I think that's

12:50

part of the roller coaster that is

12:53

entrepreneurship I think that's why it's

12:54

not for everybody I have this belief

12:56

that through life we are walking this

12:59

tight rope And there's a beginning pole

13:02

and an end pole. And your goal is to try

13:05

to raise the string level of happiness.

13:08

So if you're constantly walking around

13:10

stressed, your happiness is actually

13:13

very your your base level of happiness

13:15

is very low. You have too much on your

13:17

mind. Uh you feel overwhelmed. You feel

13:21

like you have a lack of control. Uh, and

13:24

it doesn't take much for when you get

13:26

the ups and downs for you to just feel

13:29

very very terrible. And this is like the

13:32

depression, the swamp of depression down

13:34

here. And it's really really a bad place

13:37

to be. So the goal as an entrepreneur

13:41

or really anyone in life is to try to

13:44

raise your base level of happiness.

13:47

Uh so that way when you have the swings,

13:50

the ups and downs, you're not really

13:53

getting into the swamp of hell over

13:56

here, this is like where the haters live

13:59

or, you know, toxic ideas and depression

14:02

and selfdeeat and self-doubt

14:06

uh you know and and greed and cheating

14:09

and fraud. Oh, this is where this is

14:11

where all the scammy scum is, right? And

14:15

so, uh, everyone's goal in life should

14:16

be trying to elevate that base level.

14:20

And this is really how you create what

14:22

Aristotle talked of, which is udeia.

14:25

I'll never be able to spell it, but

14:26

udania. Okay, I guess I'm going to

14:28

guess. I'm going to guess it. Uh, e d ae

14:33

money.

14:35

Oh, yeah. It doesn't look right.

14:38

Uh, that's basically the good life. And

14:41

to live the good life, you have to have

14:44

everything in balance. Balance would be

14:47

this tight rope. And sure, it could have

14:49

fluctuations, but it should be balanced

14:52

positively, right? Oh, I was close. Was

14:55

I? Oh, no. I wasn't close at all. Never

14:57

mind. Was not close at all. It is uh e d

15:03

a Oh, okay. I got that part right.

15:06

That's an i. M O N I A. Oh, I was two

15:13

letters off. There are no E's in

15:16

Udineia.

15:18

Okay,

15:19

so

15:22

this is important because

15:25

everyone should do their best to elevate

15:27

and sometimes we feel like we're

15:28

shoveling snow, but it just keeps

15:30

snowing and then we get depressed and

15:33

we're down here in the hole. And I felt

15:35

that way before even recently where I

15:38

felt like with YouTube there was sort of

15:43

a this

15:45

and uh you know if this was the baseline

15:48

precoid and this was co probably here

15:53

and uh this was pretty tough. This is

15:56

where I thought, "Oh, okay. I'll I'll

15:57

try to have a restart to like mark a

15:59

bottom and I'll, you know, unlist older

16:02

videos that aren't getting views and

16:04

I'll react to them." That was a horrible

16:07

idea because people thought I was hiding

16:09

something, which is really bad because I

16:11

generally pride myself on being very

16:13

transparent. So, that was not very

16:16

useful because it was almost kind of

16:18

like I cut my tight rope and then I

16:20

ended up like down here, you know? It

16:22

was sort of like, "Oh, good job, Kevin.

16:25

you you got your bottom that you were

16:27

looking for. So, uh you know, I didn't

16:30

know that at the time, but I thought,

16:31

"Oh, I'll symbol symbolize it by shaving

16:33

my my my head or whatever." Yeah. All

16:36

right. Mistakes were made. Again,

16:38

there's no boss of Jamba Juice walking

16:41

up to me going, "Oh, Kevin, just do it

16:43

like this." You know, I have to figure

16:45

it all out myself. And obviously, when I

16:47

make a decision, I think I'm doing

16:49

what's best. And sometimes you just you

16:51

don't know until you try and it doesn't

16:53

work out. That's okay. That's that's the

16:56

way it works sometimes. Now, there's

16:58

good news in this because I feel like we

17:01

can kind of make a little chart. Uh

17:04

here, we'll insert a new page. So, this

17:05

is clean. Let's go to a new page here.

17:08

And let's make a a little list here of

17:11

things to talk about and successes and

17:14

failures. So, obviously, if uh and we've

17:17

done this before, so I I don't want to

17:18

go too terribly deep on all successes

17:20

and failures here. I just want to talk

17:22

about more recent successes and failures

17:25

that I've learned from. Uh, obviously I

17:28

think making rash changes on YouTube is

17:31

bad. And I think what works better and

17:34

what I should have stuck with previously

17:36

more so is a rigid a mostly we we'll

17:39

call it a mostly rigid schedule on

17:42

YouTube. So that's like 5:25 a.m. course

17:47

member live on YouTube. Okay. Now, we're

17:50

going to do 8:00 PM politics

17:53

uh slashgame live. Uh it could be one,

17:57

it could be both. What what I might do

17:58

is I might do politics and then just

18:01

game and chat, right? So that way it's

18:03

it's segmented. It's like here's the

18:05

politics, here's the you know the

18:08

chatting, maybe we we do Reddit

18:09

reactions or whatever and then uh and

18:12

then chat and then game. So there's some

18:15

kind of rigid plan that that people can

18:18

get used to. Uh I think this is very

18:21

useful is having a schedule and I've

18:23

never been much of a schedule person.

18:25

You know, now we do our course member

18:26

live streams which we uh oh sorry this

18:28

is not course member live. This is stock

18:30

market open live and then this is the

18:33

course member live which I've been

18:35

consistent with mostly like 99%

18:38

consistent with since um boy 2017 or so.

18:43

Yeah. By the way, really popular right

18:45

now is the gold course. It's, you know,

18:49

$375. It drops Monday. It's a really

18:52

good crash course on everything I know

18:53

about productivity, real estate

18:55

investing, sales investing. Just email

18:57

me at staffme.com.

18:59

I'm very deep with emails right now.

19:01

have not seen this many emails of people

19:03

wanting to upgrade to stack hack or

19:05

shadowing or or you know course members

19:08

are going from you know two or three

19:10

courses all the way to the platinum

19:12

level or people are getting into the

19:14

gold just to see what it's going to be

19:16

like all those lectures drop on Monday

19:18

so I'll be working over the weekend to

19:19

get those done but uh yeah so a schedule

19:22

is very useful but also I want to say

19:25

something that's been useful for me as

19:28

an entrepreneur is I find that I have to

19:32

keep advancing.

19:34

When I'm advancing, I feel really good.

19:38

That brings me substantial happiness.

19:40

Like advancing makes me feel like those

19:44

uh those poles on the you know line of

19:48

happiness are are going up. So advancing

19:52

would be I'll give you an example.

19:54

advancing would be going from

19:58

uh Jamba to Red Robin, getting promoted

20:02

at Red Robin, uh getting a raise, uh

20:07

going from agent to broker, becoming an

20:10

MLO, becoming a licensed contractor,

20:14

uh you know, looking at

20:17

a you know, something like for example,

20:20

we just did this regulation a fund raise

20:22

for House Hack where we use this company

20:24

as our funding portal and let's just say

20:27

there are some things that could be done

20:30

better in my opinion and hopefully

20:32

that's not an exercise in hubris

20:35

hopefully that's like that's the

20:36

entrepreneurial spirit right and so part

20:39

of me is like how can we have our own

20:40

funding portal so this is easier in the

20:42

future oh well in order to have a

20:45

funding portal you need to be SEC

20:48

registered as a funding portal and you

20:51

must be a broker dealer Well, a broker

20:54

dealer requires a series 7, a series 24

21:00

general principal, which is like a

21:02

supervisor. Somebody has to be the

21:05

series 27 Fin. Uh then, uh to be a, you

21:10

know, state-based, you need a 63, 65 for

21:14

registered investment advisors. SIEE is

21:16

a given. You need a compliance officer,

21:19

which is a 14. So, I just decided to

21:21

sign up for all of those tests over the

21:23

last few months

21:25

and I have one to go and then I'm done.

21:28

So, I'm like, I'll do all of them. It's

21:30

not because I want to do all of the

21:32

jobs. It's because I want to make sure

21:35

we can get the ball moving. And then

21:37

that way as other people get their

21:38

licenses in these subjects, I also know

21:40

how to supervise them, which is

21:42

important because I've got to run the

21:44

company. Now the cool thing is about

21:46

this and this is what I like about

21:47

advancing is I look at that as a boon

21:51

for house hack. House hack is my real

21:53

estate startup. My dream is to beat open

21:56

door. That's not a guarantee. Obviously

21:58

we know that but that's my dream. My

21:59

dream is to beat a company like Open

22:01

Door and then eventually beat uh

22:03

Invitation Homes and and some of these

22:05

other companies like become the vanguard

22:07

of real estate so to speak minus the

22:09

whole like ESG thing that I guess people

22:10

don't like, you know. But then again,

22:12

I'm also not totally opposed to uh, you

22:16

know, like I'm not like horribly opposed

22:17

to solar. I think solar is highly useful

22:21

and functional and they'll probably

22:22

become a time in the future where it

22:24

makes sense to put solar panels on every

22:25

rental property that exists. I don't

22:27

think that time is now. Financially, it

22:29

doesn't make sense right now for anybody

22:30

to do it in my opinion on rental

22:32

properties, but that time will come in

22:33

the future. But anyway, for now, I see

22:36

creating a funding portal and a broker

22:41

dealer as a tool for enabling me to do

22:46

what I want with House Hack, which

22:48

again, right now with House Hack, we

22:50

have uh nine properties. We're mostly in

22:53

construction with almost all of them.

22:55

Tough time to rent properties out now.

22:57

Uh but that's okay. Like I said, we're

22:58

mostly in construction. So, we're

23:00

getting a BD broker dealer set up,

23:02

funding portal set up, all to help with

23:04

house hack with our mini funds goal. And

23:06

then what we're going to do is uh

23:08

hopefully be set with about 50 of these

23:11

in May. And then we go to the next

23:12

phase, which is the mini funds phase,

23:14

which will be really, really exciting.

23:16

Uh but that also means we need a

23:18

software dev to be involved in all of

23:20

this. So there's a lot of work and I

23:23

sign up for a lot of this work for

23:26

hiring folks and making sure that we can

23:28

do it all because it's all part of

23:30

advancement. It's advancing company

23:32

goals. It's the entrepreneurial spirit.

23:35

It's a lot of hard work though. And uh

23:38

I'll say the last 3 months have been

23:40

really difficult for me because it's

23:42

been balancing not just the house hack

23:44

fund raise which is one of the reasons

23:45

we paused it. It was too stressful. uh

23:48

combined with trying to get all of the

23:50

licenses and hiring people and getting

23:52

them in the right place. So, we're like,

23:53

let's pause and a we might never have to

23:56

come back because we have enough funding

23:59

or b if we come back then we come back,

24:01

you know, at some point in the future

24:02

that that we could always open it up

24:04

again. And it was also, you know, pretty

24:06

tough market. Uh what when we fundraised

24:10

in October, that was like, you know, the

24:12

local bottom of the stock market, a lot

24:14

of fear. So, and rates were like 5%. It

24:17

was insane. So, anyway, uh the all of

24:20

these things are are a lot, but they

24:25

give me a lot of satisfaction because

24:27

we're making fantastic

24:30

uh progress on all of these different

24:33

levels. So, uh but yeah, I need to I

24:35

need to make sure that I'm also paying

24:37

attention to feedback that people give

24:39

me. And that's why I've been running a

24:40

lot of polls, especially with course

24:42

members or even surveys on Twitter and

24:45

listening to a lot of feedback. But

24:47

ultimately, while I listen to feedback,

24:49

I make the decisions. Uh that's the

24:51

point of being a CEO. I can't change my

24:53

mind every two minutes because one

24:54

person doesn't like something. So I do

24:56

my best to please the most amount of

24:58

people. But that does create challenges

25:00

and that's hard. So, you know, having

25:03

kind of realized some of these things,

25:05

oh yeah, rash changes on YouTube is bad.

25:07

Also, less content is bad, right? That's

25:11

why we've now created a separate which

25:15

which I encourage you to subscribe to if

25:17

you want that content. Right? If you

25:19

want the Meet Kevin podcast where I

25:22

banter with two other guys, great. I'd

25:25

really love to get a girl on the

25:26

podcast, too, so we can have some

25:27

balance. Maybe Lauren could do it, but

25:30

then again, she's also dealing with

25:31

twins

25:33

and then some. So,

25:36

there's the Meet Kevin podcast, which we

25:38

usually do during the week and post con

25:40

trying to be consistent around 4 p.m.

25:42

There's Meet Kevin live, which is the

25:44

market open, and I'd like to do close as

25:47

well. Then there's uh the meet Kevin

25:50

politics and then of course just the

25:51

regular pol uh um channel, but the

25:55

politics is probably going to turn into

25:56

like a meet Kevin chatting kind of

26:00

channel where it's just kind of like hey

26:03

whatever we're talking about today is

26:05

what we're talking about today.

26:07

TBD. I'm still trying to evaluate that.

26:09

So that way it could be gaming, it could

26:10

be reacting to stuff on Reddit,

26:12

whatever. Uh, and it's really just a

26:15

great way to, you know, sit down and

26:17

make content or think about content with

26:20

other people. It's kind of cool.

26:23

Uh, that is subscribers who are watching

26:25

and commenting. I I find that actually

26:27

productive because then I start thinking

26:29

about, oh, I should make a video out of

26:30

this or that or whatever. So, less

26:32

content is definitely a failure. Uh, oh,

26:35

I shouldn't put these or imply that

26:37

these are under failures. They're uh

26:39

brand new. So uh at the same time I

26:44

would argue that there's a failure of

26:48

not exercising as much as I should. I

26:51

usually like to run every day and I

26:54

think I need to make sure that I

26:56

maintain those windows. It's been really

26:58

difficult with this testing regimen that

27:00

I've been going through and so I've

27:02

loaded myself up with too much in the

27:04

near term. I've actually been really

27:06

really happy and satisfied uh in in 22

27:10

and most of 2023 even though the

27:12

market's been tough because I've, you

27:15

know, figured out that that balance a

27:17

little bit better. But I totally went

27:18

out of balance here with all these tests

27:20

I signed up for. But that's okay. It's a

27:22

grind throughout the rest of the year. I

27:24

should be done by December 16th. Knock

27:27

on wood. Uh but as with that I've like

27:30

let exercising go away and I think

27:31

that's bad because it contributes to

27:34

sadness especially if you make mistakes.

27:38

Not great.

27:39

So uh now let's uh let's think about

27:43

some other things that we've got to talk

27:45

about. Uh plane. Love the plane. Need

27:48

the plane. Plane's not going anywhere.

27:50

It's very very functional. It's very

27:52

practical. Uh again if I haven't been

27:55

clear I want to be very clear. I pay for

27:57

every dime of this and I will continue

27:58

to do so for as long as possible. Uh so

28:02

the

28:03

cool thing about the plane is we have a

28:06

lot of people that need to be in a lot

28:07

of different places and so we're able to

28:11

pretty affordably use it. The marginal

28:14

cost of using that plane is very low. So

28:16

here's why the plane is so awesome.

28:18

Because the plane costs about $1.9

28:20

million a year for flying zero.

28:25

Then the plane actually only costs

28:27

$2,000 an hour for 200 hours a year.

28:31

That goes down to $1,500 an hour. These

28:35

are millions right here. $1,500 an hour.

28:38

Here it's not writing on the left. There

28:40

we go. On the right, that's per hour.

28:41

$1,500 an hour as the marginal

28:45

difference, right? Uh for 400 hours. So

28:48

600k divided by 400 is 1500. You fly 600

28:51

hours, it's only costing you $1,100 an

28:54

hour.

28:55

Now, for a single person, that's a lot.

28:58

But think about it. If you're able to

29:01

fit nine people in this

29:05

divided by nine,

29:07

you're looking at 130 bucks per head to

29:12

fly them anywhere in an hour uh for an

29:17

hour, right? So, it's like you go from

29:18

LA to Utah. Okay, that's an hour and a

29:21

half. So, that's going to cost what? 100

29:23

95 200 bucks.

29:26

That's great. That's almost what it

29:29

would cost commercial.

29:31

Uh except now we can fly exactly when we

29:34

need to and we can get a lot done. We

29:36

could take off at 7 a.m. and be

29:39

somewhere at 8:30 functionally working.

29:42

That's great. Uh so anyway, there are a

29:45

lot of practicalities to this. So this

29:47

isn't going anywhere. I think this is

29:48

actually a missionritical tool to house.

29:51

Uh and like I said, Houseack has not

29:53

paid a dime of this.

29:57

So, and all this is audited too, which

29:59

is great. So, um

30:03

it has to be very transparent. But

30:05

anyway, so this um this is an update on

30:08

the plane so far. So, we covered the

30:10

plan. We covered Houseach, we covered

30:12

YouTube, we covered entrepreneurship.

30:14

What we haven't really covered is

30:15

family. A lot of people have been asking

30:17

how family is doing, how the babies are

30:19

doing. And the babies are great. They

30:21

were born on October 26th, so we're

30:23

coming up on their one month now

30:25

birthday, which is weird because it kind

30:27

of means they're basically zero since

30:29

they were born about one month

30:30

premature. It's kind of like they should

30:32

be born now. And now they actually look

30:35

like babies. Like before they were like

30:36

preeie and it's like, oh man, you was

30:38

tiny. You're you're still like an

30:42

embryo. Obviously not. Uh but uh now

30:45

they're they're really looking like

30:47

babies and it's really cool. So uh

30:49

they're wonderful and uh I really hope

30:51

to get through all this while testing

30:54

that we have going on. Uh what's also

30:56

cool is in the longer term future

31:00

because I did mention we would talk

31:01

future as well. There are going to be

31:04

some cool things that I can do.

31:06

So, first of all, I think the next phase

31:11

is going to be the house hack mini fund

31:14

world. The house hack mini funds. These

31:17

will be really cool. Uh this will be an

31:19

opportunity for us to really compete

31:22

with, you know, uh in in a much better

31:25

way, you know, the Cardones of the

31:28

world, the Rooftock, the Open Doors,

31:32

uh Reed, DSTs,

31:36

whatever, right? Doesn't really matter.

31:39

We uh There we go. Throw that up on

31:41

screen. Uh we're going to have a lot of

31:43

fun with this. So, we're very excited

31:45

about that and bringing a quality

31:47

product. So that'll be really cool. Uh

31:49

the next thing that'll be really cool

31:50

too is the whole broker dealer setup

31:52

will give us a lot of opportunities in

31:54

just sort of the securities world mostly

31:57

because it'll it'll give us a lot of

31:59

freedom in uh how we market because

32:02

we'll be regulated. So it' be like

32:04

regulated marketing but

32:08

we've got that down. So we're very

32:10

confident uh that we can we can work uh

32:13

with regulators very well. And this is

32:15

good. It's it's important. I mean, when

32:16

you're a broker dealer, you're subject

32:18

to audit, spot checks. You know, FINR

32:21

run the SEC, they don't mess around. And

32:23

anybody, quite frankly, who's afraid of

32:25

the regulators, I usually say to them, I

32:28

say, "Thank you." The reason I say thank

32:30

you is because of the moat. People are

32:32

like, "Oh, I don't I don't want the

32:33

regulation." I'm like, "Thank you." Less

32:35

people, you know, able to do what we're

32:38

able to do. Being regulated just means

32:40

you have tools that other people don't.

32:44

legal tools, weapons.

32:47

So, uh, that's kind of what the future

32:49

looks like. I think, uh, probably more

32:54

family time between like the 3 to 8:00

32:56

p.m. range is probably also going to get

32:58

put in there. This would be like more

33:00

family and exercise time. Uh, although

33:03

we do have the podcast, so we might have

33:06

to move adjust the podcast a little bit.

33:09

Um, probably go, you know, if we did the

33:13

podcast around like 2:00. Ooh, that

33:15

might be juicy. Maybe 2:00 p.m. pod.

33:18

That would give me around like 3 to 8

33:19

just to be like human during the week.

33:21

Or if I needed to fly somewhere and, you

33:24

know, round trip something. We could do

33:25

that in that time frame, too. Like I

33:27

could do like a 300 p.m. takeoff or 3:15

33:31

takeoff and then be back same day, even

33:33

if I'm back a little later. Well, we'll

33:35

we'll play around with this. So, uh,

33:38

some cool options here. More family

33:40

exercise time, the the the mini funds,

33:42

the competition, the, uh, ETF world. ETF

33:47

world, very, very exciting. There are a

33:49

lot of opportunities for improvement

33:50

here. And what's really interesting is

33:53

all of these things, they all allow us

33:56

to advance house hack. Uh that's the

34:00

beauty is all of this goes into house

34:03

hack

34:05

because think about this if house hack

34:09

is here in the middle

34:11

then what you have fueling house hack is

34:15

you have Kevin's

34:18

uh real estate experience.

34:20

So all of the you know prior experience

34:23

that I have with real estate and

34:24

construction renovations tenants

34:26

whatever that goes into it. House hack

34:28

benefits from the plane. House hack

34:31

benefits from YouTube.

34:34

House hack's going to, we believe,

34:36

benefit from the broker dealer world.

34:38

And who knows, maybe in the future,

34:40

Houseach would even benefit from the ETF

34:43

world. So, we think all of this creates

34:47

this really cool laser beam. Uh, this

34:51

this highly focused laser that's just

34:54

going forward in one direction. So, it's

34:57

almost like all of these other little

34:58

supporting factors should really just be

35:01

behind it creating this this tailwind

35:04

behind uh what what will be I think a

35:06

fantastic company and hopefully you'll

35:08

be here to watch it grow. But uh this uh

35:12

this gives you a good nice overview.

35:13

See, if you draw it like that, it makes

35:15

a little bit more visual sense, right?

35:17

Throw YouTube on that side too. Anyway,

35:18

you get the idea. So

35:22

maybe this makes everything a little bit

35:24

more transparent and aware for

35:26

everybody. Uh I think the only thing

35:29

that we haven't touched on is sort of my

35:31

belief on securities

35:33

uh from an investing point of view. I I

35:34

think I've been very clear that I think

35:36

rates are going to come down and I want

35:39

to be exposed to companies with pricing

35:41

power that will benefit from lower rates

35:43

and so that's just how I'm positioned.

35:45

But my belief is, you know, you just

35:49

keep trying uh and and growing because

35:52

if you're not, then then you're

35:54

stagnating and then you're failing by

35:56

default. And that ain't me. So anyway,

36:01

email us at staffmeke.com. Uh we've got

36:04

a lot of emails, so it's going to be a

36:05

minute before I get the uh um get to all

36:09

of the emails. So give us a chance here

36:11

to catch up to all the emails. We're

36:13

going to keep doing our best. uh as as

36:15

fast as we can and uh really appreciate

36:18

you. Hopefully this was a useful update

36:20

for you. Anyway, we'll see you in the

36:22

next one. Goodbye.

36:23

Why not advertise these things that you

36:25

told us here? I feel like nobody else

36:26

knows about this.

36:27

We'll we'll try a little advertising and

36:28

see how it goes. Congratulations, man.

36:30

You have done so much. People love you.

36:32

People look up to you.

36:33

Kevin Pra there, financial analyst and

36:35

YouTuber. Meet Kevin. Always great to

36:37

get your take.

36:39

Even though I'm a licensed financial

36:40

adviser, real estate broker, and

36:41

becoming a stock broker, this video is

36:43

neither personalized financial advice

36:44

nor real estate advice for you. It is

36:46

not tax, legal, or otherwise

36:47

personalized advice tailored to you.

36:49

This video provides generalized

36:51

perspective, information, and

36:52

commentary. Any thirdparty content I

36:54

show should not be deemed endorsed by

36:55

me. This video is not and shall never be

36:57

deemed reasonably sufficient information

36:59

for the purpose of evaluating a security

37:00

or investment decision. Any links or

37:02

promoted products are either paid

37:03

affiliations or products or services

37:05

which we may benefit from. I personally

37:07

operate and actively manage the ETF and

37:09

hold long positions in various

37:11

securities potentially including those

37:13

mentioned in this video. However, I have

37:15

no relationship to any issuers other

37:17

than Houseack, nor am I presently acting

37:19

as a market maker.

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