House Hacking with Gabe Bult

spk_0:   0:00
welcome to the prosperity gap, where we discuss the financial gap that exists between where we are and where we should be. It's time to bridge that gap. A prosperity nation. Welcome back to the prosperity gap. My name's Dave all I'm your host. Many of you realize that I have not been around for the last few weeks. You've been able to enjoy CR to lean filling in for me. I appreciate the opportunity to have him do that. I've been traveling, and now on the island of Puerto Rico, we are absolutely, completely quarantined, so I cannot get out of my house exploding to go to the grocery store. You'll notice we don't have a nice, beautiful studio behind us today. That's because I cannot get into the office now. Hopefully, for those of you, they're listening. You're not quite going through as much disruption in your life, but unfortunately, it is a new time. It's a new struggle for us, and the topics that we talk about on here become even that more relevant. Well, if you have not yet had a chance to subscribe to our show, police make sure that you do so would like to make sure you're getting these topics to meeting our guests. Bring that information into your lives on a weekly basis so that you can continue to bridge your financial gap. Today's show is being brought to you by E trends. TAX ACCOUNTING You may have heard that the date to pay your taxes has now been extended 90 days till July 15th. That doesn't give you 90 days to file. Unfortunately, will still have to file an extension if you're waiting to pay. But you do have 90 extra days. So if you've not yet filed that return, please go to detect fringe group dot com. That's veteransgroup dot com and allow them to help you get everything organized and get your taxes filed. Timely. Very excited for today's show today I've got with me gave Boldt he is a financial guru. A youtuber blogger gave him not sure all the cool things I could use to explain you. Big game. Welcome to our show

spk_1:   1:48
at Dave. Thanks for having me.

spk_0:   1:50
Okay. We've been very excited about this show. I talk about all the time outside. They get to meet new guests, but you're doing many things in your life that others may aren't I mean, you made some commitments and very early it's stage in your life to help prepare yourself for the future you have ahead of us. So maybe and talk a little bit about how you got started on your own financial journey.

spk_1:   2:11
Yes. So let's see. I think like a lot of people, most people that I talked to it started with Rich Dad. Poor dad. Somebody recommended that to me. So when I was 18 I didn't want to go to college because I'm not a very studious person. So I was actually just Googling, like, you know, top paying jobs that don't require a college degree, came up with the real estate agent and, like, I could probably do that. So I got into that, and then I kind of learned I kind of wanted to get a multi family property because that was kind of something that I had read. And Rich Dad, Poor Dad. So I was on that path and somebody told me that that tree called house hacking. So I started, you know, getting into all that learned about bigger pockets and kind of went down that rabbit hole a little bit. And then when I was 22 I got my first house hack. And that's really just, you know, changed my life from there on out just because of, you know, just really frugal living the spending less and tryingto focus on anymore. And then investing in real estate has really been the thing that, you know, changed my life.

spk_0:   3:07
What's your background? What did you come from richly from your parents side, where they financially sound individuals? Is this something you come up with yourself?

spk_1:   3:15
Well, my parents are kind of very entrepreneurial on both sides. But like in 2008 my dad was out your real estate agent, and he went down like zero income. And then he had to get out of that because he had, you know, had to, like, survive. So we like we weren't poor, but there was a certain times where we're very, you know, I started working at 11. Further like our family business and ah, commercial office clean. It's nothing like glamorous, just very basic thing. And I've been doing that until I just quit my job actually, a couple weeks ago, and I'm just focused on this stuff now. So

spk_0:   3:48
very interesting. That real estate world is definitely an up and down world. They look back in my own career, and back in 1997 I thought of giving up my C p A license and actually going into commercial real estate now obviously had done that. There have been times I made a way more than I did his accountant, but they're obviously these dips where you make nothing. And I think that's one of the biggest challenges that people are even facing now. An environment we have now. Well, suddenly that pretty steady income stream for a number of years now and immediately that's getting cut off. And we've got to be prepared and ready for when those things happen.

spk_1:   4:20
Yeah, especially when it's your only source of income. Like he wasn't thinking about investing or anything at that point. And that's why I you know, I'm I'm kind of full time real estate agent right now. I don't really know. I'm doing ah lot of different things, but I'm also trying to make sure that I'm doing a lot of different things so that if this completely dries up, I don't need that paycheck. It's simply going towards, you know, savings or whatever. And I can live off the other things. Eso trying under diversify yourself a lot is something I think is really important that when economic crashes do happen, it doesn't impact you as much.

spk_0:   4:52
It's very interesting You talk about Robert Kiyosaki and is Rich and Poor Netbook. This morning I was actually watching a video that he had done on January 31st. It was probably recorded a few weeks before that, so we would have actually been mid January, and he actually was predicting that we were gonna have this collapse. Now he could have never guessed that it was gonna be done through a virus. I had no idea that that's what was gonna cause it, but he was talking about the global collapse and things that we need to do to prepare ourselves and very interesting see individuals that have spent their lives in this space how insightful they could be. His things start to change and they start seeing signs in the world that could bring economic downfall and economic problems

spk_1:   5:28
for us. Wow, that's that's crazy. Yeah, there's been a couple of people like, kind of, you know, predicting that it can't continue to go with with where it's at. I don't think anybody saw this coming, but it's very interesting times definitely.

spk_0:   5:41
So let's talk a little bit about your house hacking and what your first investment was, how you originally started and what you did

spk_1:   5:47
there. So my 1st 1 was a triplex, so we pretty much we got a decent deal on it. I had been looking for quite a few months. I ended up taking, like, a full time job, working for my dad so that I could have a steady paycheck and be able to approve her alone, because I didn't have credit because I wasn't using credit cards, whatever. So it took me like a year to build all that up and then, yeah, I got a triplex. We got a good deal on it, and I lived in one unit. I renovated the unit that I was in, and then the other two units covered all my mortgage taxes and insurance. So I was essentially, you know, living for free there.

spk_0:   6:22
How was the experience of actually living on property? I've been at landlord multiple times. I've never actually done it. Where I'm the tenant as well as lady of the land Bored living together. Did you find that works? Okay, maybe better. Even so, you can talk to the tenancy. What's going on?

spk_1:   6:37
I mean, for me, I don't really care all that much. You know, I think when you're younger person, you don't have a family. I did get married while I was there, but for the most part, like it was something that we would have been living in anyways. And my tenants were pretty decent. Suffer one of them, which was like, kind of like a vic type deal, because he was not paying and threatening us and all that stuff. But even with that, it wasn't like a huge deal. So for me, if somebody told me, you know, I had to live at a property for a year, year and 1/2 and I'll get $1000 income for the rest of my life. It's totally worth that trade off, like the benefits totally outweigh, you know, like not living in the best place.

spk_0:   7:14
A little bit about the rehab is something that you've done before. What was that experience. Like if you're trying to rehab this property

spk_1:   7:20
like I had painted, like, once or twice before re having And yes. Oh, we mostly like a lot of it was painting, but the kitchen and the bathroom, we completely gutted. Both of those replaced the ceiling, all this stuff, and that was definitely a big learning experience. I did hire some family members who did some construction so I could learn from them. But a lot of that we just tried to do ourselves. And it did take quite a while living in construction zone for quite a while and all that, but it was definitely like you don't need a ton of experience. I don't think like a lot of people are like, Oh, I don't know, You know, like how to do any of this stuff like, I have no idea what I'm doing either. You just like, watch a YouTube video. How do you put in the sink now? You know how to put instinct for the rest of your life, and a lot of it's actually pretty basic stuff. Once you take it down like even I learned how to tile there, I learned howto do some basic plumbing and all that stuff, and I had no idea what I was doing, so I wouldn't let that deter anybody.

spk_0:   8:11
It's very interesting how things have changed. I look back on my life. Back in the nineties, I bought a 15 unit complex. It was a apartment complex. Unfortunately, I talked about on my show some that it was too small to really hire a manager is too big, demand yourself. So 15 units was not really the right number, but we're having to do some flooring were half in the new replace all the kitchen's. All the bathrooms were doing all the painting. We're doing all the exterior replacing, fencing. And I'll tell you, we didn't have YouTube like we do now. And it was my experience for me because I just could not afford to hire contractors. So luckily, my partner knew some about construction, and so he'd come and try to show me kinda how to do it. And then I go and do a unit and he'd go on, do his unit and hopefully by the time line got done. It looked good enough for people to move into which generally did, but it was definitely a process. But I agree with you the reality of it. We have so much education. Most of it you can't screw up that bad. You've got a careful if you're doing Tyler, you gotta picture you're getting your lines correct that you're taking being patient, which is one of the key things that you've got. Do, Any time you're doing a project, just make sure you're having patients to do it. Right? But if you do, that could be a great opportunity to save substantial now.

spk_1:   9:19
Yeah, absolutely. And even like, yeah, like tiling from I find it really fun now because, like, just like once you get that first level done, just make sure everything's like like once you've got that first level like it's not that hard or you just like you put the next one on. And a lot of things are very common sense. But we did a much smaller project then. It sounds like you did, and I haven't even renovated the other unit CIA. But now, at my second power sack that we're in now we're doing Ah, a much bigger one. We're renovating a four bedroom unit so that's lowering a bunch of new things there, and it's definitely a lot bigger of a project,

spk_0:   9:49
but a lot of fun. And what a great opportunity to be able to learn those skills that you can use any time, the future. I know for myself it's not something they do all the time, but there are times that I will get back in and we'll tile. We had a business that we had tile the floor again on a couple of years ago, and my wife's really good at getting the layout right. I'm really good at cutting and making sure that everything's available for her to make sure it's laid out the way it needs to be. And she just loves that. Same with painting. I'll roll all day and love painting, but when it comes down the detail, that's her job. She realizes that she's much better and much more patient than I am, but it could work out very well for everybody.

spk_1:   10:23
I think it's a blast,

spk_0:   10:25
too. Yeah, great, Yeah, it's just great to get out of what we normally do. You know, we're all good of various things. We get out of what we normally do and learn some new skills. And if it doesn't turn out exactly the way you want it, you learn from that and go forward. And we've had some of those May I built patios. I built planter boxes. I've done a lot of things that planter boxes were. My biggest nightmare is trying to Cem concrete stuff and didn't get the footings the way they should have done. And, yeah, they turned out to be a nightmare. But over time, they still saved myself thousands and thousands of dollars by being willing to do some of this myself. And it's given our family opportunity to work together and work towards something which has given us more pride in our home. And the places were living. So, Gabe, I know you originally by this Frank Lex, Have you bought other property since that time?

spk_1:   11:09
Yes. So we just closed about a month ago on my second trip, Lex. So we used an FAA on the 1st 1 3.5% down, and that's when we were able to use a 5% down loan. So this one's a 24 bedrooms and a two bedroom and We're living in one of the fours and renovating the other four. And the other two is Ah was already rented. So yeah, that's where right now

spk_0:   11:30
and the new place paying your mortgage as well. I mean, is that ableto castle on the two?

spk_1:   11:35
Yeah, it will. Once we finish renovating this one, we're trying to decide if we're gonna Airbnb out each individual room on the four bedroom. So if we do that, we should be able to cash flow about $1000 a month while living in the property and it covering all my mortgage taxes and insurance. That's part of why I left. My job is because, like what we were able to do this, This could almost make up the difference. And it should cover most of our living expenses.

spk_0:   12:00
Let's talk a little bit about Airbnb versus traditional rent. Obviously you're contemplate. Maybe you've been doing some Airbnb up to this point. What's your thoughts on the difference? What should people look out for if they're gonna go Airbnb?

spk_1:   12:13
Well, I've been Airbnb ing my other one that we used to live in for the past month here. In the downside of that would be that with the economy, like everything that's going on right now, um, I've had the lower the price is quite a bit in order to keep it full, but I have so far kept it full every night. It's just been a lot, a lot cheaper. Then there is the, you know, the cleaning, the and all that type of stuff, but with doing it by the room like this, like we could rent out this four bedroom units for about 1500 a month. But if we rent out each individual room, it should be in between three and 4000 month for that. Where is double the amount of rent? So if you're willing to put in that time to manage it, you definitely do have toe. You know, there is some some time involved, but if you're willing to look at that, it's kind of like a part time job. It could make things like possible that are totally impossible. Otherwise it could make deals. If you're willing to do that like you could make a deal out of something that's not when there's not a lot of options out there

spk_0:   13:07
and I had almost guess that you're probably getting less damage on somebody that's coming in on a daily nightly basis. And because you have immediate recourse, you have the ability to go back to something happens versus a tenant. They could destroy the whole place in a couple of years of living there. And then also, they say, We're leaving to go in there like holy crap laughinat during the last two years.

spk_1:   13:26
Yeah, so I did have I have had, like, one person who kind of came in to trash it, But it wasn't like any actual damage. It was just like they stole some stuff and move some stuff around and whatever, but the other people, sometimes I like a couple of people don't even show up and you still get paid or they'll show up in like you can hardly tell that they were bare. They're like the bed sheets will be messed up. And you're like, Well, this was like, you know, five minutes. That's like, totally worth it, you know? So it kind of depends on if you're willing to, uh, you know, if you have a little bit of a nicer place, if you have the cheapest thing in the market. You might get some some interesting people, but if you have something that's a nice place, people would treat it nice in its it, like, stays looking brand new the entire time.

spk_0:   14:03
So, Dave, how did you get your credit score up? I know you mentioned that in beginning that was one of the challenges that you had, that you didn't have the right credit to be able to buy these properties. Where have you been able to do to get it up now?

spk_1:   14:13
Well, it wasn't really down. I just had never had a credit card before because I was 18 or whatever and my parents had credit card issues. So they said, Never get a credit card and, you know, I just got like, one of those secured ones. And then from there I was able to get the Southwest cards and the Chase cards, and I started doing all this. Ah, like credit card hacking pretty much, but just very responsible using it. It's always on auto pay, so it's always, you know, paid off every month. I didn't really have a deficit that I was coming out of. It was just you know, beginning to do stuff. So when I got my first property, actually didn't have I only had one credit card at the time, so they had to use my gym membership in a few other things as land of credit because I didn't actually have that much credit. And then from there, once I had the mortgage, that really boosted my credit up, and I was able to get more cards from there.

spk_0:   14:59
It's interesting it doesn't take that much to actually build your credit. And unfortunately, most of us don't have a credit card. If you can get one or two credit card using responsibly, you can build that credible quickly to be able to get that loan. So you need to be able to buy real estate and other things. So you do a bunch of other hacking in life, you very frugal and the way that you'd live talk a little bit about how bad experiences been. Now you're married and trying to live a frugal life and look to the future.

spk_1:   15:25
I don't think it's been that difficult. We're both kind of, you know, on the same page when you have an overarching goal in mind of like, Well, if if we live this way for the next few years, we can have the freedom to travel a lot with our, you know, their kids when we have kids or whatever and the freedom toe not have to work. Like if something happens, we have that security so kind of looking at things that way and then also at the opportunity costs of If you're spending this money, then you're not gonna be able to invest this money if you can invest it. You're like you're buying freedom and that type of stuff. So we've done, you know, car hacking, using getting old, their cars. I don't know if it's car hacking, necessarily about getting older cars, never any new cars. You don't have the payments. Um, in any of that credit card hacking and trying to make sure that, you know, planning out our food, just trying to optimize everything we can. If I don't really care about it, then then why would I spend you know more money than I need to want it?

spk_0:   16:17
I know one of the things that you talk about all the time. It's the importance of getting these big items, and I think that's what cool things that you're teaches its 33 to 40% that people are going to spend on their home. You've got 17 18% people are spending on transportation. If you look at these Percy's items, just end of themselves over half your income, maybe going towards two things that if you cut those out of your life, it allows you to do a lot of other things that you may not otherwise be able to do

spk_1:   16:43
absolutely. And like just. That's why I'm so big on how sacking I like. I feel like I almost talked about it every week on my videos. But like if you just save up, let's say for me it was under under $15,000 all into the first property, and I saved that inside of a year on what I would have been spending in and rent. And now I have, like an automatic, you know, 30 40% savings rate just built in from that one, like if you can take care of that one, you know that house I get that first thing that's gonna give you, like, a 30% cushion for the rest of your life. And then, you know, we focus on the big things and the little things. You know, try not to stress about him too much, but I still am kind of, Ah, overly frugal on a lot of stuff and have problems spending money. It's something I need to work on a little bit.

spk_0:   17:27
So where's your wife with that? Is she as frugal? Or which one of you's the most frugal of the two?

spk_1:   17:32
She's doesn't really care. As much of the whole finances died, I kind of got most of that and she's probably not as frugal as me, but she definitely understands, you know, like why we're doing this. And it's so why were making these choices? And it's definitely worth it when she doesn't want to have to stay at her job forever. And is that what didn't want me to have to stay at my job forever? Because I was working, you know, eight in the morning till 10 at night, and it just wasn't like a good lifestyle. But you see, if we can save money and live like this for a year or two, then we'll have a lot more freedom, you know, going into the future. So that really got her on board. Seeing the overall big picture,

spk_0:   18:04
What's her take on the home repairs? Some that she enjoys doing as well, or which she just assumed. You take care of that and she not get involved.

spk_1:   18:11
She's doing, like, painting and working on our unit. But most, ah, most everything else I'm I'm working on or ah, my brother's been helping me. He's kind of he was able to leave his house, leave his job through house hacking as well a couple years ago. And then I have some, you know, some other people that have hired some contractors and whatever

spk_0:   18:28
at school. And I ask that question because I think it's important in relationships, way, respect where each other falls, that they may be things that we want to accomplish financially. That our spouses isn't gonna be on board completely with or may not be as interested in. It doesn't mean we have to stop doing it. We just need to be respectful of each person's position and where they want to be, and then work around that to allow us to reach the goals that we're going

spk_1:   18:51
out. Absolutely. I think just talking about like a lot of people don't talk about their finances. And I think being very open and honest with where we are, you know, everything is, you know, like join together and where we're at. Why are we doing this and being very open and honest talking about finances? Ah, lot is actually a really good thing, and I think that causes a lot of strife with people who don't talk about it. They're spending money behind each other's backs. I think it's really good to hold each other accountable and just talk about stuff. You know. It's really important stuff, like people spend the better part of every day of their lives at a job working for money and then they never talked about it, never tended, don't exist. Then they just waste it and it's like you. They say they don't care about money and they don't want a budget and they don't. You know they don't care about this stuff, but you do. If you're spending, you know, the better part of your life. We're working for it

spk_0:   19:36
as a C. P. A. Is very interesting for me because obviously, meet thousands of people like you go through the finances. They see the situations of their end, and it always surprises me. How many spouses have no clue what their spouse even does for work? It's like, Yeah, they go earn money and they come home And there's money in the bank account like, What do you talk about all the time? This is a primary conversation for me and my family, and maybe it's because Emma C. V. Eight maybe it's because finances are so important to us, but it's served us very well. Toe have those open conversation, and it served us very well to pick what we're going to do. In fact, my wife I got very lucky. My wife's father is actually Carpenter, so she was raised working, filling with cabin and sanding painting, doing all these things. But she spent the last two weeks sanding and painting doors in her home because we're getting ready to sell our house, and there were things that need to be done. She like, I'm not gonna pay somebody to come in here, pay thousands dollars when I go upstairs, do it myself and listen my books, do whatever I want to do and just get it done. And it's worked very well for

spk_1:   20:32
us. Yeah, that's great. And it's like like you said, like those life skills that you'll get to have for the rest of your life once you just learn how to do these things once and you get to do him and a lot of times it's a lot of fun. Any of those painting and small repairs is, you know, kind of Ah, like therapeutic to d'oh!

spk_0:   20:48
Yeah, I just had to redo our roof. I had to go up the pressure washing and all done. And it was good for me. I loved it. Now they get older, you get the ladder and stuff of that nature. You're trying to not get on too much today. It's a good opportunity to get up and just get my mind away from business and the other things that I do. And it's very therapeutic for me. Absolutely. So Okay, what's next for you? I know you're doing a bunch of videoing. You're doing a bunch of getting your message out. What? What do you see for the next 3 to 5 years for yourself.

spk_1:   21:16
I really don't know, because as off as of six months ago, I was planning on working until I was 27 at this other job. Ah, and I was, you know, aiming for, like, hitting If I at 30. And now I left that job,

spk_0:   21:30
you know, and

spk_1:   21:31
things kind of change. So I I really don't know. I just kind of focused on focused a little bit more on YouTube and my podcast and, you know, like house hacking and stuff like that and just trying to help people and figure out a way to work with family. So I'm not sure how that's gonna happen. Yeah, I am, you know, working on real estate a little bit, but I'm not really quite sure. I just kind of taking it one month at a time And then like leaving myself open for opportunities as they come up because, um, well, I kind of like a lot of I think younger people. It's hard to pick what you want to do for the next five years or 10 years when you're, you know, you're a little bit younger and I didn't know five years ago and I still don't know, So I just kind of just trying to optimize every day.

spk_0:   22:10
Well, I'm glad to see it's not just my kids. They're going through that. That's one of the big discussions with that. I've got three kids, They're in college right now. And we had our no regular meeting that we have over the phone where we're talking to them. Face timing them and they all just keep changing their careers. It's like that third time they've all gone on to something else, like what's going on, guys, you know, I wanna be an account from the time I was like 10 years old and that's just what he did. And they're like, Oh, this is the world we live in It's not is cutting rise that used to be And we have all these desires that we want to accomplish with our lives and really I guess it was our my generation that cost a lot of that, that we gave our kids a lot of opportunity that we never had when we were younger and it's been able to expose them to a lot of the world that we never got exposed to.

spk_1:   22:52
Yeah, and I until even recently I never thought of like YouTube as, like a possible career. And now I'm like, Well, is it? You know, should I take a year and really focus on that? And could that turn into, you know, a career for the next five years or whatever? So I'm still trying to decide, like, you know, are those things like it's It's not a real job. It wasn't a couple of years ago, and I'm like, Oh, this is actually like something that that might, you know, help a lot of people. And I enjoy doing and I just really enjoy talking about this stuff. So trying to figure out what is the best path to help a lot of people and and really enjoy what I do every day,

spk_0:   23:25
The cool thing about it is you have the freedom to do that. You put yourself in position to where you can do that, and that's one of the biggest things I guess that we need to really look at in our lives and prosperity nation. If you're in a point that you're feeling completely locked down and especially right now, you should look to the future and find ways that you can get yourself in a position that you have the freedom to do the things that you want.

spk_1:   23:45
Yeah, absolutely. And I think that's why I'm also very big on like side hustles, like I was doing like, four jobs at once. Ah, you know, up until recently Because if you are willing to, you know, put that time in and start those things like I couldn't just, like, stop and go into something. You have to have another boat to jump into a kind of before you jump out of your full time deal. So I think it's very good to, like start things and see where they end up in a lot of them, like I've tried like, 20 different things, and most of them didn't work out. But a few of them have completely changed my life. Uh, so I think trying a bunch of different things and find in you don't have to do the conventional path that a lot of people are doing. Ah, a lot of these other possibilities that you didn't even know existed could end up working out. You know,

spk_0:   24:28
you make a very good point and it's something that I know. I've looked back on on my own life that they're very many things that I've done that haven't worked out the way I hoped they would. But as you look back on it, we learned so much from it, and we would have gotten into things that did work out had we not taken those steps. And then we not put ourselves out there, and I think you're exactly right that people need to understand that it's a trial there, a process that any successful person has gone through some type of failure to get themselves to the success there at. And that's just part of our learning and part of what we need to get ourselves used to. Yeah, you don't want to go in a situation where you gonna bankrupt yourself. You put everything at risk, but you don't have to do that in this world right now. It's like you talk about There's so many opportunities to make money without putting a lot of money at risk. To really get yourself or you need to be

spk_1:   25:11
absolutely and not being afraid of failure is a big thing, like a lot of people will never take that first step to buy that first house hacker. Never take that step to, you know, start a side hustle or start a whatever because they're scared of being embarrassed of losing money of, you know, just failing. And it's, you know, kind of trying to change the way you look at failure as this, no matter what happens. Like when I started you, too. It was like, no matter what happens, my kids are gonna have a good laugh one day. Um, you know, like watching me when I was younger and I think would be really cool to see if my dad had a YouTube channel you know of 30 years ago. I think I would love to watch that. So I was like, If worse comes to worse, nobody ever watches which nobody washed for the 1st 6 months. I think it'll be a good experience. And now I've been able to turn that into, you know, do it like a photography. I could do that on this side of it. I want you and like all these other things, all these possibilities that started because I was like, Hey, what's the worst that can happen. I'm gonna try. I'm gonna commit to it for X amount of time. And it just continues to open up possibilities. So I think not being afraid of failures is a big thing. And just take that first step.

spk_0:   26:10
Great advice. So do you do all of your own video editing for your you Taper?

spk_1:   26:14
Yeah, it's Ah, I think that's the most fun part. Like just editing video. It's like a very, very good creative outlet. I think it's a blast.

spk_0:   26:23
Interesting, because I've done some of my own. I'm not. It's good to see our who edits all these shows. Who does that? The awesome job in our office. But you're right. Just fun to learn these things. I mean, that's one thing I love most about reaching out in my own career is I've been able to learn somebody skills that somebody want to use forever. Some It's like, You know what? I don't care if I ever use that again, but it was a great experience.

spk_1:   26:43
Yeah, and I think I'm also a very ah, I am an extremely competitive person, So I think it's fun to find these challenging things and really challenge yourself and learn and you skill no matter what that is. And it's really hard. But you feel like a sense of accomplishment afterwards. So I think that's also a good thing because you need to feel that, like first certain people, I really need that that creative outlet and I also need that that challenge and just try new things. And I don't think I could do one thing for for too long hair. You know,

spk_0:   27:10
that was my life. That was a place that I was in. People always ask me if I'll ever retire, and I won't because I just love doing business now. It doesn't mean that I want not a financial position, that I could retire, that I get away. But it's just I love doing what I do. And I love being able to work with people, talk to people, help people you know, go through various financial situations with people, and as a result, I doubt I'll ever retire. I think upright, high in my chair to say, Hey, I'm loving my life. I'm joined now. Yeah, well, I travel a lot. Well, I do other things during that time. Absolutely. I really look forward to just continuing to help and work with people.

spk_1:   27:44
Yeah, and that's the goal. Like, even if I was, you know, I'm getting close to the place where I could technically retire and not do anything like I'm not there yet. But like what? After a month, what are you gonna do? You gotta have something that you love to do, and you feel like it has a purpose and you're helping people. So, like, if you have a job that you absolutely love, that's great, Like, still work on your finances. But you gotta find that thing that you're gonna like to do once you hit. You know, if I that you still want to do every day because otherwise you're just gonna lose it, You know,

spk_0:   28:13
starting one of my friends the other day. It's funny because he's a self made millionaire. He's completely could be completely retired. And he's saying there's wife's complained that he's working all the time. He's like she has. She has no idea. Really not. Yeah, I'm just doing various things in the office and making stuff happen, but she respects my time and so she doesn't come in and interrupt me. But her perception of what's going on in my life right now is not the reality that I really have a ton of free time. I could pretty much do whatever I want whenever I want Thio. And it's great that he's gotten himself to that point. But as a result, he continues to invest in other businesses and help other business owners grow and progress. So for our listeners gave, how can they get a hold of you? How can they watch your YouTube videos? Listen to your podcast.

spk_1:   28:55
Well, my YouTube channel is just my name. Gated bull BUE lt podcast is coming back for season two, its finances unfiltered. That's just me and my brother just talking, you know, normal. Everyday people like I'm just trying to show that, like, normal people can do this type of stuff and then gave Doc hold on. Instagram. Yeah, about it.

spk_0:   29:15
Cool. Okay. Thank you so much for being on the show today.

spk_1:   29:18
Yeah, thank you so much for having me. I had a blast.

spk_0:   29:20
No, it's been wonderful. Prosperity Nation. Thank you for listening in today again. If you had a chance to subscribe to our show please make sure you do so want to make sure you're getting information on each of our shows each week we release every Friday. If you've not got your tax return done yet, please go to your friends group dot com. They help support the show. Allow us to bring this information to you so that you can better your financial life. My name's Dave Hall. I'm the prosperity guy. You have been listening to the prosperity gap that show where we help you bridge that gap between the life you're currently living on, the one you should.