An Urgent Message to All Investors.

the United Kingdom is collapsing China

is in a great depression and might lose

an entire decade of growth like Japan

did the FED is going to Paul volkeras

into our own depression for fear of a

wage price spiral and we might lose a

decade of stock market returns

ah sorry that's just a lot of fun I had

to get out and uh honestly I just wanted

to be transparent here I think it's time

to just have like a real talk discussion

about what do I personally think like

rather than reporting the news and the

crazy stuff that's going on what do I

personally think about the market what

am I personally feeling about my

portfolio or Investments and uh what are

some of my goals so let's have some real

talk on that now keep in mind I have the

flu it's Friday night I'm gonna try not

to edit this video so I'm gonna try to

just keep it straight and simple and uh

we do have an expiring coupon code

tonight uh basically tomorrow morning

we're gonna wake up we're gonna change

uh the courses over we're gonna remove

the lifetime access benefits for a

course like path to well to maybe some

others but if you get in like if you can

use the seed coupon and you get in

you're good you're locked in lifetime

access so a I'm confident you will love

them most popular courses by the way

zero to millionaire real estate

investing stocks and psychology money a

lot of people bundle those too you get a

better deal anyway

so

I want to tell you a few stories

and it's all about Building Wealth see I

really started focusing on my career in

2009. this is when I realized that I I

wasn't ever going to become

a millionaire or successful working at

Jamba Juice making smoothies I worked at

Hollister before that uh working at uh

you know the pack kitchen of Mrs Fields

cookies or or working at Red Robin those

jobs were not going to make me wealthy I

was trading my time for money and it was

horrible so I decided to become a real

estate agent during probably the most

horrid time to get into real estate in

2010 the model Market hadn't even

bottomed out yet I mean at the time my

manager at Red Robin's like why would

you get into real estate that's a

horrible business to go to I would

literally go to a checkout line at

Trader Joe's at Trader Joe's okay like

respect for the people at Trader Joe's

okay they're giving me real estate

advice oh that's a bad thing to get into

right now you know like people are going

through foreclosure

and like the market sucks like that's

what they would tell me it's like why

would you become an agent right now and

the first reaction I had and I didn't

say this because there's just no point

I'm like oh yeah you're right but my

mental reaction was was one of

yeah well we'll see what happens in 10

years

yeah when things worked out

um I also thought you know what the time

people need a real estate agent is when

times are hard when you could put up a

for sale sign and sell a home yourself

would you need a real estate agent for I

mean there are a lot of things I respect

the profession it's very difficult to

close deals most for sale by owners

cancel it's it's ridiculous like you

have to be almost a psychologist to get

a deal done but my point is it's easy to

sell a home in a banging Market it's

hard to keep a deal together in a hard

Market that's what I started so if I

could do the hard I could do the easy

right that's always a mentality that I

had and one of the things that you're

going to learn in the story

is that the harder things were at the

time the more I told myself that they

were valuable and that they were worth

doing because if it's easy might not be

worth doing it's easy to watch Netflix

it's easy to play video games

still like playing video games okay but

it's easy to do that hard to be a real

estate agent at the bottom market and I

thought the best thing I could do to get

in was potentially get a hard money loan

and buy my home because I looked like I

was 19 because I was 19 or 18 when I got

licensed I looked like a child why would

anybody you know when your typical

seller or buyer is like between 40 and

70. why would anybody trust me and so

I'm like well if I buy a house and I buy

a fixer-upper well then people will

trust me

and that's when I realized what true

fear was when I bought a house realizing

we might not actually have money to make

the payment we might have to if we have

a hard money loan

and we don't close any deals in real

estate which that's really motivating we

might have to rent out the property and

try to break even maybe even feed the

kitty where you pay maybe two or three

hundred dollars a month at the time I

think we could have rented it for like

2100 our payment would have been like

two grand but with fix up and and stuff

uh you know property tax whatever all

that we would have probably even

negative a few hundred bucks but fine I

mean so we could rent it out we could

live there if we make enough money so

we're motivated because we want to live

there or we could go bankrupt right like

those are all the things facing us and I

remember when we bought the house

getting phone calls from contractors and

they're like

Kevin

I went to go do a bid on the property

and I have some bad news and I'm like 19

I'm like uh what you're doing a flooring

quote what what's the bad news

you have asbestos oh no

dude

like I never thought at that time that

five to six years later

it would be running

a licensed contracting company that did

lead removal asbestos removal with

hazmat suits and and whatever the the

really expensive uh HEPA filters and and

the pipes and the vinyl we did all that

you know the tape it up your wrists and

your booties we did all that

little did I know but at the time I was

in a lot of fear I had I was I was very

uncertain people were telling me the

Foreclosure bank is lying to you bet

they didn't disclose that asbestos to

you I remember standing inside that

property while I was in escrow and I got

a deal a call from my lender who said

Kevin the deal's dead we can't do it

I fought so hard they put the property

back on the market and some other guy

they were two guys but some other guy

comes first and that other guy comes I

can still see their face

he's got like shorts on and a polo he's

probably like 50s he's got like the gray

hair and he's doing this like looking in

the windows I locked all the doors and

I'm like thinking to myself no

no

it's my deal F off I'm not letting you

in

sorry I'm so sick

anyway

everything I did was a fight starting as

an agent at the bottom Morgan starting

with real estate at the bottom of the

market when all the fear was that I was

gonna go bankrupt that I had never done

this before

building a brand

took years of Distributing flyers I had

to work 11 months before I got my first

paycheck Distributing flowers free

pumpkins door knocking Halloween events

two to three open houses per week the

great if you think I grind on YouTube

well it's about the same time but I

spent that same amount of time grinding

as an agent constant every single day I

always told myself time to grind is

before you have kids

then I had kids and I'm like the time to

grind is up until they're seven now a

seven-year-old and I'm like

oh

I've spent some more time with them

I'm working on it

we just had a great trip together had a

great trip this summer together uh to

Europe uh great cruise together probably

got sick there

anyway

I remember walking through neighborhoods

when it was time for me to get my first

rental

this was a couple years about 2012 13

something like that

a real estate market was improving at

this time

yeah

I remember walking with Flyers looking

at my feet telling myself I will find a

deal I will find a deal it sounds

psychotic but I'd watch the movie The

Secret

and I really believed if I visualized

what I wanted

I would achieve it so I'm a big fan of

visualizing I remember my first year in

real estate I made 35 000 even though I

bought a car in March with zero deals

closed and I told the car dealership I

think I'll make 24 000 this year and

they're like great but how much have you

made so far zero how do you know you're

gonna make that money I have no idea are

you closing any sales I have no idea

it's very honest

give me the loan

getting that loan was great by the way

really improved my credit I mean my

credit was fine but it took it to the

next level where I could qualify for

like bigger loans alone that was really

cool like student loans I never ended up

taking any student loans anyway but as I

just worked as a real estate agent while

I was going to college those were hard

times first year I made 35 000 I was in

college second year I made fifty five

thousand dollars I was in college

uh and then the third and fourth year I

went to UCLA and uh I made 145 000 and

then that year I told my father-in-law I

want to make 200 000 next year and end

up making about 245.

I was very very excited I'm a big fan of

visualizing so then I put 300 on the

wall like I printed out the 300 logo and

I'm like all right let's just grind and

make it happen

it happened

then I put 500 on the wall and I'm like

all right let's grind let's make it

happen

it happened

you see where this is going like the

power visualization visualization is

works if you put in the hard work

the best years I ever had

were actually in hindsight they were my

hardest years at the time which I only

realized were my best years in the

future

I tried to provide so much value that I

became a licensed lender started a

licensed contracting company to help

people do handy work so I could get

their listings that was very profitable

for the real estate side not so

profitable for the construction side but

it was like a lost leader it was great I

learned a lot about construction what to

do what not to do it's really great

that's going to help a lot with house

hack by the way so I know exactly how to

mess up with construction but I also for

the past five years in my opinion I've

been doing it perfectly I mean I

shouldn't say perfect

never gonna be perfect but

I think we've gotten a lot better and so

we're ready to scale with househag which

is very exciting which is also very

difficult right

everything goes back to what's hard in

the time is usually worth it in the long

run I remember my father-in-law swing

trading Apple stock 10 years ago and I'm

like dude I'm just gonna buy and hold

could have even been before that like oh

809 or so I don't remember

every day he tell me how much he was up

sometimes I'd hear how much he was down

but he was always convinced he'd make it

back of course when I bought the stock

was down like five percent the next

month and I'm like wow my life is over

held through it one of the best

performing stocks I've ever had

but I had to go through pain first

the same was true throughout my real

estate career in May of 2018 I had seven

listings that I got in one week let me

tell you about something about those uh

seven listings

interest rates skyrocketed like mortgage

rates went up like two percent and it

crushed all buyer demand at the prices

where we had homes I lost five of those

seven listings

it was so bad we couldn't sell anything

and previously everything was selling

like hotcakes but it really taught me

about how interest rates moving is

deadly for real estate and look at it

now I mean then we went from like three

and a half percent or three and a

quarter to five now we just went from

Two and a Half to

seven and a half

and people like oh no real estate's not

going to come down there's too little

inventory

yeah okay watch anyway painful times or

times to make money

I remember March of 2020

you can actually go through my course

member live streams in March of 2020

. you see me buying the dip

I remember standing on March 16th in a

rental property I was about to close on

thinking holy crap we could lose

everything

we had about 12 at the time maybe it was

10 or something like that and I'm like

we could lose everything every time I

might stop paying him we might go into

foreclosure you know all my money might

dry up everything might go to cop

hardest times ended up proving to be the

best times

took a while

you know then obviously you have the

pain of what happened here in January

2020.

even think about the pain in my

childhood I mean I don't really want to

go into that though

that was tough divorce relativity you

know really poor parents and poor life

but a wealthy family in Germany which

they didn't like send us any money or

anything it was just like when we would

go visit them I'm like why do they have

money and we don't

and so I always Associated how much they

worked and how they worked hard with

home the harder you work the luckier you

get I get it remember that

five six seven eight every time we

visited and we'd scrap together money to

get to the back of the plane and I'm

like wow

I guess that's how you do it you just

work anyway so people wonder like why do

you work so hard it's probably that my

upbring because I had the comparison

like I live poor

but I compared to Rich

selling my stocks in January of 2022. I

was ostracized for

that was very hard

I lost my Millennial money friends I was

hated on as a flip-flop or I lost

subscribers I lost relationships that I

had a client took me to coffee and said

I was overreacting and that I should

seriously reconsider selling my real

estate that they were worried I lost my

mind

I got out of the recessionary stocks the

stocks that would do terribly in a

recession

I had already sold shift in 2021 if you

came to the live streams I regularly

said that the supply shortage was

terrible for them I think I got out

around six and a half or seven and made

lots of videos on this got out of

Peloton at 113 and talked about that

heads up got out of affirm it uh 65 I

think my basis was like 80 on that so I

did get tagged and I briefly went back

in at 35 and sold at 30 so I did get

attacked twice on that one I did get

robbed on block five and Robin Hood

matterport probably somewhere around 11

but uh Robin Hood probably 14.

definitely got nipped but a lot of those

positions fell another 50 to 90 percent

I didn't have to tell anyone that I sold

but I said to everyone who bought my

stocks in Psychology money course he

asked the same one with the coupon code

expiring that if I ever sell or change

my mind I will let you know

I was one of the first I believe in one

of my in my YouTube Community here in

the finance Community to Ring the Alarm

bells and so all of a sudden I was

branded as you know someone you can

trust or as a liar because how could you

how could Kevin buy the dip on the 18th

and then sell everything on the 21st of

January especially with all those tax

consequences oh why didn't you tell us

all right away like I did within 24

hours it's like had you sold the next

day on the 24th at the end of the

trading day you would have sold for more

than I sold

and you should never just copy somebody

else's portfolio's right everybody's

doing things for their own

purposes

that's why even though I'm a licensed

financial advisor I can't give you

Financial advice because I don't know

how old you are I don't know what your

goals are what if you're like I'm 65 and

I want to work another 20 years or what

if you're like I'm 65 and I want to

retire in one year you know those are

totally different goals what if you're

15 and you're making 100 Grand a year or

you're 20 and you're making 20 grand a

year right those are all totally

different scenarios that's why you can't

give broad-based Financial advice to

people but anyway

you know I

it's been it's it's been a ride you know

in in April I lost my best friends

they went to an opportunity in Dubai

um that opportunity didn't work out I've

never had a breakup before

you know I've been with Lauren since I

was 16. I've never had a breakup

I don't know what that pain is like but

I feel like I learned what a breakup is

like from from losing my two friends

uh they were employees as well which is

terrible like don't mix business and

friendship

but they went to an opportunity in Dubai

I really hope that would work out for

them because the worst case scenario I

always told myself is like somebody

leaves you you want to do everything to

help them succeed because if they don't

succeed with what they're doing then

they might have resentment that oh well

like maybe if you you know cut your

fingernails one day earlier I wouldn't

have wanted to leave you know what I

mean it's just like I don't know

so you don't want resentment

but anyway this that was hard

you know I talked about me I made a DUI

video very hard

very hard time a lot of perspective

running for governor really hard

a lot of people are like oh you're a

politician now oh

I'm gonna unsubscribe because you said

this you have that idea

well

it's tough

but I will say everything in my life

that I've done that has been hard has

ended up proving to be worth it and this

entire video

is a response to the market we're in

today

the entire Market is compressing this is

a very hard it is not compressing

because of individual company

fundamentals

I don't believe so

like

Tesla's individual company fundamentals

with the exception of Foreign Exchange

impairments that I think they're going

to take in Q3 earnings and I think

they're going to get hit hard on that to

be wrong but I think they're going to

get hit on them

they've only fundamentally met

expectations if not exceeded them

but it's painful

and I'm buying the dip I own other

stocks as well

uh again you get all those in the

courses on building your wealth we do

fundamental analysis live streams every

day but look I can do fundamental

analysis until I'm blue in the face you

know the NASDAQ did a piece on me if you

do meet Kevin NASDAQ 23andMe and I'm

like this thing's overvalued I wouldn't

touch it freaking thing drops like 80

you know I'm like sell rivian this

thing's gonna plummet

plummeted like 95 percent

plug power is like 76 bucks and I'm like

nope overvalued sell it thing goes down

massively like over 70 or 80 percent

Excel Fleet big mistake 19 I'm like sell

it what was the other one who's the 3D

printer manufacturer boy a lot of hate

for that one or highly on highly on was

another one I'm like don't buy this bad

bad you still go back and see my videos

I'm like big problems big dangers

what was the 3D printer one the one

Kathy would invested in the Iranian CEO

dude that guy was so smart every time

the stock would momentum up he just

issued new shares so smart that guy was

brilliant brilliant CEO

so I haven't been perfect with my moves

and I know that but I know that I can do

fundamental analysis

and I personally believe that for my

portfolio having a chunk in Tesla is a

fundamentally correct move and I've been

through a lot of pain now I can't

compare to

um you know pain other people have had

loss death

uh

illnesses

I mean I have the flu but come on this

is gonna go away right and knock on wood

like I don't wish any of that on anyone

I'm not trying to compare and say like

oh Kim's had a hard life I think I've

overall had a good life I think their

life experiences though that have shaped

me into who I am

but I will say

every time I have fundamentally looked

at something in my opinion and I'm like

the pain is temporary

it's worked out

no guarantees I'll get a lot of hate

it's all right

good news is

well

I don't want it seem like I'm giving

Financial advice but I'm like you could

buy lower than my new cost basis right

and he shares you buy now you could be

like

I have a lower basis than me Kevin

what

all right I don't do basis

uh basis has psychological problems

because it actually like when a stock

starts going up it prevents you from

wanting to buy because then your basis

goes up so then you under allocate you

know some people bought Tesla with like

30 grand

you know five years ago and they never

had and it's like really you added any

time before like a year and a half ago

and when you bought in five like five

years ago you would have done well but

you're too worried about that cost basis

going up in the image

bad psychology anyway I have a course on

the psychology of money

zero to millionaire real estate

investing is pretty popular too anyway I

gotta go I hope you appreciate this real

talk bye