{"version":"1.0.0","segments":[{"speaker":"Mike Cavaggioni","startTime":0.299,"endTime":3.42,"body":"Hey, welcome back to the"},{"speaker":"Mike Cavaggioni","startTime":0.299,"endTime":3.42,"body":"Average Joe Finances Podcast everybody."},{"speaker":"Mike Cavaggioni","startTime":3.42,"endTime":9.12,"body":"I'm your host, Mike Cavaggioni and today's"},{"speaker":"Mike Cavaggioni","startTime":3.42,"endTime":9.12,"body":"guest is James Bowman with Gen Z money."},{"speaker":"Mike Cavaggioni","startTime":9.158,"endTime":12.48,"body":"I was a guest on James's podcast"},{"speaker":"Mike Cavaggioni","startTime":9.158,"endTime":12.48,"body":"not too long ago, absolutely"},{"speaker":"Mike Cavaggioni","startTime":12.48,"endTime":13.83,"body":"enjoyed the conversation with him."},{"speaker":"Mike Cavaggioni","startTime":14.07,"endTime":18.27,"body":"I am super excited to have him"},{"speaker":"Mike Cavaggioni","startTime":14.07,"endTime":18.27,"body":"on our show to share his story."},{"speaker":"Mike Cavaggioni","startTime":18.299,"endTime":20.009,"body":"James, thank you so much for joining me."},{"speaker":"James Bowman","startTime":20.226,"endTime":22.866,"body":"No Mike man,"},{"speaker":"James Bowman","startTime":20.226,"endTime":22.866,"body":"the pleasure is all mine."},{"speaker":"James Bowman","startTime":22.866,"endTime":24.996,"body":"I really enjoyed our last conversation."},{"speaker":"James Bowman","startTime":24.996,"endTime":26.736,"body":"So I'm really excited to be here, man."},{"speaker":"Mike Cavaggioni","startTime":27.036,"endTime":27.756,"body":"Yeah, absolutely."},{"speaker":"Mike Cavaggioni","startTime":27.756,"endTime":32.367,"body":"So again, thank you so much now I'd"},{"speaker":"Mike Cavaggioni","startTime":27.756,"endTime":32.367,"body":"like to go straight into it with"},{"speaker":"Mike Cavaggioni","startTime":32.396,"endTime":33.476,"body":"asking you this first question."},{"speaker":"Mike Cavaggioni","startTime":33.481,"endTime":35.606,"body":"It's same question I ask"},{"speaker":"Mike Cavaggioni","startTime":33.481,"endTime":35.606,"body":"everybody that comes on the show,"},{"speaker":"Mike Cavaggioni","startTime":35.846,"endTime":37.196,"body":"but we wanna know about you."},{"speaker":"Mike Cavaggioni","startTime":37.406,"endTime":40.611,"body":"So can you share a little bit about"},{"speaker":"Mike Cavaggioni","startTime":37.406,"endTime":40.611,"body":"yourself, share your story, your"},{"speaker":"Mike Cavaggioni","startTime":40.611,"endTime":44.776,"body":"background, whatever, as far as you wanna"},{"speaker":"Mike Cavaggioni","startTime":40.611,"endTime":44.776,"body":"go, but let's talk about James Bowman,"},{"speaker":"Mike Cavaggioni","startTime":44.781,"endTime":46.786,"body":"who you are and how you started Gen Z"},{"speaker":"James Bowman","startTime":46.978,"endTime":50.067,"body":"So, Mike, I"},{"speaker":"James Bowman","startTime":46.978,"endTime":50.067,"body":"consider myself an Average Joe."},{"speaker":"James Bowman","startTime":50.144,"endTime":53.611,"body":"At the age of 17, I joined"},{"speaker":"James Bowman","startTime":50.144,"endTime":53.611,"body":"the military, the army."},{"speaker":"James Bowman","startTime":53.641,"endTime":57.649,"body":"I served five years and ended up"},{"speaker":"James Bowman","startTime":53.641,"endTime":57.649,"body":"getting out after, completing my"},{"speaker":"James Bowman","startTime":57.654,"endTime":62.487,"body":"contract and finances has growing up."},{"speaker":"James Bowman","startTime":62.583,"endTime":65.433,"body":"No one ever taught me"},{"speaker":"James Bowman","startTime":62.583,"endTime":65.433,"body":"anything about finances."},{"speaker":"James Bowman","startTime":65.618,"endTime":70.498,"body":"And after learning a little bit of hard"},{"speaker":"James Bowman","startTime":65.618,"endTime":70.498,"body":"lessons, making mistakes, like buying"},{"speaker":"James Bowman","startTime":70.498,"endTime":75.926,"body":"a car and not knowing about insurance,"},{"speaker":"James Bowman","startTime":70.498,"endTime":75.926,"body":"I somehow found myself down a rabbit"},{"speaker":"James Bowman","startTime":75.931,"endTime":77.336,"body":"hole of learning about finances."},{"speaker":"James Bowman","startTime":77.636,"endTime":80.336,"body":"And it got to the point where I"},{"speaker":"James Bowman","startTime":77.636,"endTime":80.336,"body":"got a little bit obsessed about"},{"speaker":"James Bowman","startTime":80.336,"endTime":85.046,"body":"it, and I thought two things, one,"},{"speaker":"James Bowman","startTime":80.336,"endTime":85.046,"body":"there's no way that I can absorb"},{"speaker":"James Bowman","startTime":85.051,"endTime":89.486,"body":"all of this knowledge and not put it"},{"speaker":"James Bowman","startTime":85.051,"endTime":89.486,"body":"back out for other people to enjoy."},{"speaker":"James Bowman","startTime":89.786,"endTime":95.446,"body":"But it's another thing that Gen"},{"speaker":"James Bowman","startTime":89.786,"endTime":95.446,"body":"Z is looked at as the entitled"},{"speaker":"James Bowman","startTime":95.571,"endTime":97.521,"body":"generation some would call it."},{"speaker":"James Bowman","startTime":97.738,"endTime":101.978,"body":"And so that's why I really"},{"speaker":"James Bowman","startTime":97.738,"endTime":101.978,"body":"made the show about them."},{"speaker":"James Bowman","startTime":102.278,"endTime":105.158,"body":"Is to teach them the things that"},{"speaker":"James Bowman","startTime":102.278,"endTime":105.158,"body":"were not taught in school about"},{"speaker":"James Bowman","startTime":105.158,"endTime":109.988,"body":"insurance, about investing index funds,"},{"speaker":"James Bowman","startTime":105.158,"endTime":109.988,"body":"real estate and things like that."},{"speaker":"James Bowman","startTime":110.288,"endTime":112.085,"body":"And that's how Gen Z Money was born."},{"speaker":"James Bowman","startTime":112.085,"endTime":115.475,"body":"It's all about putting out the"},{"speaker":"James Bowman","startTime":112.085,"endTime":115.475,"body":"education and putting out the"},{"speaker":"James Bowman","startTime":115.475,"endTime":117.245,"body":"things that I personally do."},{"speaker":"James Bowman","startTime":117.245,"endTime":121.805,"body":"And I personally believe in, and"},{"speaker":"James Bowman","startTime":117.245,"endTime":121.805,"body":"having people on who either agree"},{"speaker":"James Bowman","startTime":121.805,"endTime":123.302,"body":"or disagree in having a conversation"},{"speaker":"Mike Cavaggioni","startTime":123.582,"endTime":124.032,"body":"Wow man."},{"speaker":"Mike Cavaggioni","startTime":124.037,"endTime":127.776,"body":"I really appreciate that and I appreciate"},{"speaker":"Mike Cavaggioni","startTime":124.037,"endTime":127.776,"body":"when you talk about Gen Z and you're"},{"speaker":"Mike Cavaggioni","startTime":127.776,"endTime":131.164,"body":"talking about them specifically and"},{"speaker":"Mike Cavaggioni","startTime":127.776,"endTime":131.164,"body":"how a lot of people think that, they're"},{"speaker":"Mike Cavaggioni","startTime":131.164,"endTime":133.198,"body":"the quote unquote entitled generation."},{"speaker":"Mike Cavaggioni","startTime":133.279,"endTime":134.414,"body":"I caught a lot of that too."},{"speaker":"Mike Cavaggioni","startTime":134.414,"endTime":137.644,"body":"As a millennial, they all thought"},{"speaker":"Mike Cavaggioni","startTime":134.414,"endTime":137.644,"body":"millennials were entitled as well,"},{"speaker":"Mike Cavaggioni","startTime":137.84,"endTime":142.996,"body":"but what's funny is at this point, as"},{"speaker":"Mike Cavaggioni","startTime":137.84,"endTime":142.996,"body":"boomers start dying off and all that"},{"speaker":"Mike Cavaggioni","startTime":142.996,"endTime":146.926,"body":"stuff and all their properties get passed"},{"speaker":"Mike Cavaggioni","startTime":142.996,"endTime":146.926,"body":"down or all that other side, you're"},{"speaker":"Mike Cavaggioni","startTime":146.926,"endTime":152.086,"body":"gonna see a huge generational shift to"},{"speaker":"Mike Cavaggioni","startTime":146.926,"endTime":152.086,"body":"the millennial and gen Z generations."},{"speaker":"Mike Cavaggioni","startTime":152.101,"endTime":155.052,"body":"I think it's gonna skip gen X,"},{"speaker":"Mike Cavaggioni","startTime":152.101,"endTime":155.052,"body":"because I think at that point"},{"speaker":"Mike Cavaggioni","startTime":155.057,"endTime":156.807,"body":"they're like, pushing that same spot."},{"speaker":"Mike Cavaggioni","startTime":156.957,"endTime":161.05,"body":"But yeah man, I really appreciate that"},{"speaker":"Mike Cavaggioni","startTime":156.957,"endTime":161.05,"body":"where your target market is too, because"},{"speaker":"Mike Cavaggioni","startTime":161.35,"endTime":165.736,"body":"I think a lot of younger people today"},{"speaker":"Mike Cavaggioni","startTime":161.35,"endTime":165.736,"body":"find themselves in situations where"},{"speaker":"Mike Cavaggioni","startTime":165.736,"endTime":167.626,"body":"they're not learning these type of things."},{"speaker":"Mike Cavaggioni","startTime":167.626,"endTime":169.186,"body":"They're not learning financial literacy."},{"speaker":"Mike Cavaggioni","startTime":169.486,"endTime":172.036,"body":"And I know when I was on your show, that"},{"speaker":"Mike Cavaggioni","startTime":169.486,"endTime":172.036,"body":"was one of the things we talked about too."},{"speaker":"Mike Cavaggioni","startTime":172.036,"endTime":175.516,"body":"So I'd like to dive a little bit deeper"},{"speaker":"Mike Cavaggioni","startTime":172.036,"endTime":175.516,"body":"into that, and thank you for your service"},{"speaker":"Mike Cavaggioni","startTime":175.706,"endTime":179.287,"body":"especially like with your time in the"},{"speaker":"Mike Cavaggioni","startTime":175.706,"endTime":179.287,"body":"army, joining the army, I'm sure you"},{"speaker":"Mike Cavaggioni","startTime":179.287,"endTime":182.633,"body":"saw many soldiers out there that I guess"},{"speaker":"Mike Cavaggioni","startTime":179.287,"endTime":182.633,"body":"there's no kind way to put it, but they"},{"speaker":"Mike Cavaggioni","startTime":182.633,"endTime":183.983,"body":"were financially illiterate, right?"},{"speaker":"Mike Cavaggioni","startTime":184.253,"endTime":187.981,"body":"There's not a lot of training on that"},{"speaker":"Mike Cavaggioni","startTime":184.253,"endTime":187.981,"body":"that you even get even in the military."},{"speaker":"Mike Cavaggioni","startTime":188.178,"endTime":189.666,"body":"And Hey, I also wanna point out too."},{"speaker":"Mike Cavaggioni","startTime":189.696,"endTime":191.163,"body":"I joined at 17 years old as well."},{"speaker":"Mike Cavaggioni","startTime":191.163,"endTime":193.623,"body":"I haven't met too many other people"},{"speaker":"Mike Cavaggioni","startTime":191.163,"endTime":193.623,"body":"that joined at 17 and had to have"},{"speaker":"Mike Cavaggioni","startTime":193.623,"endTime":194.763,"body":"their parents sign that waiver."},{"speaker":"Mike Cavaggioni","startTime":194.913,"endTime":197.376,"body":"I'm in the 17 club with you, but yeah."},{"speaker":"Mike Cavaggioni","startTime":197.376,"endTime":199.086,"body":"So could you share a"},{"speaker":"Mike Cavaggioni","startTime":197.376,"endTime":199.086,"body":"little bit more about that?"},{"speaker":"Mike Cavaggioni","startTime":199.086,"endTime":203.656,"body":"Like some of the experiences you've"},{"speaker":"Mike Cavaggioni","startTime":199.086,"endTime":203.656,"body":"had just in your time in the army and"},{"speaker":"Mike Cavaggioni","startTime":203.716,"endTime":207.637,"body":"what that was like, especially when you"},{"speaker":"Mike Cavaggioni","startTime":203.716,"endTime":207.637,"body":"started discovering financial literacy."},{"speaker":"James Bowman","startTime":207.637,"endTime":210.217,"body":"Mike, that's such"},{"speaker":"James Bowman","startTime":207.637,"endTime":210.217,"body":"a great topic that I actually"},{"speaker":"James Bowman","startTime":210.222,"endTime":212.917,"body":"don't think gets discussed enough."},{"speaker":"James Bowman","startTime":213.217,"endTime":217.817,"body":"So first of all, I had one"},{"speaker":"James Bowman","startTime":213.217,"endTime":217.817,"body":"finance class while in the army."},{"speaker":"James Bowman","startTime":217.817,"endTime":222.077,"body":"I had it during my, it was after basic,"},{"speaker":"James Bowman","startTime":217.817,"endTime":222.077,"body":"but before I got to my unit in our"},{"speaker":"James Bowman","startTime":222.077,"endTime":225.589,"body":"additional training and it was one"},{"speaker":"James Bowman","startTime":222.077,"endTime":225.589,"body":"finance class and the big takeaway"},{"speaker":"James Bowman","startTime":225.589,"endTime":227.864,"body":"from that was don't buy a new car."},{"speaker":"James Bowman","startTime":227.914,"endTime":231.784,"body":"Buy a cash car and you're gonna"},{"speaker":"James Bowman","startTime":227.914,"endTime":231.784,"body":"be perfectly fine financially."},{"speaker":"James Bowman","startTime":232.001,"endTime":232.931,"body":"And that was it."},{"speaker":"James Bowman","startTime":232.931,"endTime":235.541,"body":"And it was about an hour long briefing."},{"speaker":"James Bowman","startTime":235.571,"endTime":238.372,"body":"Along those times, a lot of"},{"speaker":"James Bowman","startTime":235.571,"endTime":238.372,"body":"things go in one ear and out the."},{"speaker":"James Bowman","startTime":238.672,"endTime":244.492,"body":"But one thing that I noticed immediately"},{"speaker":"James Bowman","startTime":238.672,"endTime":244.492,"body":"when I got into the military was that"},{"speaker":"James Bowman","startTime":244.792,"endTime":251.032,"body":"regardless of how much, or regardless"},{"speaker":"James Bowman","startTime":244.792,"endTime":251.032,"body":"of the rank, regardless of how much"},{"speaker":"James Bowman","startTime":251.062,"endTime":255.772,"body":"people were making, There were people"},{"speaker":"James Bowman","startTime":251.062,"endTime":255.772,"body":"struggling at every single level."},{"speaker":"James Bowman","startTime":256.072,"endTime":261.962,"body":"So the E-1s who just got in, they're"},{"speaker":"James Bowman","startTime":256.072,"endTime":261.962,"body":"struggling to save money and live."},{"speaker":"James Bowman","startTime":262.262,"endTime":265.712,"body":"And then, but you also have"},{"speaker":"James Bowman","startTime":262.262,"endTime":265.712,"body":"E-7s, first classes who are also"},{"speaker":"James Bowman","startTime":265.862,"endTime":269.055,"body":"struggling in their own ways, and"},{"speaker":"James Bowman","startTime":265.862,"endTime":269.055,"body":"they have their own financial issues."},{"speaker":"James Bowman","startTime":269.055,"endTime":272.41,"body":"It brought me to a realization it's"},{"speaker":"James Bowman","startTime":269.055,"endTime":272.41,"body":"okay, these two people are making"},{"speaker":"James Bowman","startTime":272.41,"endTime":276.13,"body":"wildly different amounts of money"},{"speaker":"James Bowman","startTime":272.41,"endTime":276.13,"body":"and they're both in the same spot."},{"speaker":"James Bowman","startTime":276.37,"endTime":280.21,"body":"So obviously, it's not how much"},{"speaker":"James Bowman","startTime":276.37,"endTime":280.21,"body":"they're earning, that's the problem."},{"speaker":"James Bowman","startTime":280.51,"endTime":284.02,"body":"And that is when I realized it's"},{"speaker":"James Bowman","startTime":280.51,"endTime":284.02,"body":"about how much you're spending."},{"speaker":"James Bowman","startTime":284.32,"endTime":288.7,"body":"You would see, I'm not sure in"},{"speaker":"James Bowman","startTime":284.32,"endTime":288.7,"body":"the Navy if you saw this, but it"},{"speaker":"James Bowman","startTime":288.7,"endTime":292.354,"body":"was and indoc duration into the"},{"speaker":"James Bowman","startTime":288.7,"endTime":292.354,"body":"next rank that every time you got"},{"speaker":"James Bowman","startTime":292.354,"endTime":293.794,"body":"promoted, you bought a new car."},{"speaker":"James Bowman","startTime":294.011,"endTime":297.251,"body":"Your paycheck went up"},{"speaker":"James Bowman","startTime":294.011,"endTime":297.251,"body":"$400 a month or whatever."},{"speaker":"James Bowman","startTime":297.431,"endTime":297.941,"body":"So guess what?"},{"speaker":"James Bowman","startTime":297.941,"endTime":300.581,"body":"You need to fill that up"},{"speaker":"James Bowman","startTime":297.941,"endTime":300.581,"body":"with a $400 car payment."},{"speaker":"James Bowman","startTime":300.821,"endTime":304.481,"body":"So people would pull up in brand"},{"speaker":"James Bowman","startTime":300.821,"endTime":304.481,"body":"new trucks, brand new Jeeps,"},{"speaker":"James Bowman","startTime":304.631,"endTime":309.011,"body":"Teslas and all these things that"},{"speaker":"James Bowman","startTime":304.631,"endTime":309.011,"body":"they could not afford at the time."},{"speaker":"James Bowman","startTime":309.311,"endTime":315.611,"body":"And that was the reason why the problem"},{"speaker":"James Bowman","startTime":309.311,"endTime":315.611,"body":"never changed regardless of the rank."},{"speaker":"James Bowman","startTime":315.671,"endTime":318.051,"body":"So that's, I think that's"},{"speaker":"James Bowman","startTime":315.671,"endTime":318.051,"body":"where it really started."},{"speaker":"Mike Cavaggioni","startTime":318.351,"endTime":318.651,"body":"Yeah."},{"speaker":"Mike Cavaggioni","startTime":318.706,"endTime":321.809,"body":"There's a famous saying that goes"},{"speaker":"Mike Cavaggioni","startTime":318.706,"endTime":321.809,"body":"with that, more money, more problems."},{"speaker":"Mike Cavaggioni","startTime":321.839,"endTime":325.893,"body":"And that saying only applies to"},{"speaker":"Mike Cavaggioni","startTime":321.839,"endTime":325.893,"body":"those people that are not educated."},{"speaker":"Mike Cavaggioni","startTime":325.943,"endTime":330.27,"body":"They're not financially literate,"},{"speaker":"Mike Cavaggioni","startTime":325.943,"endTime":330.27,"body":"because it should be more money,"},{"speaker":"Mike Cavaggioni","startTime":330.45,"endTime":332.19,"body":"more investments, less problems."},{"speaker":"Mike Cavaggioni","startTime":332.252,"endTime":333.482,"body":"You should get that promotion."},{"speaker":"Mike Cavaggioni","startTime":333.487,"endTime":335.792,"body":"That $400 should go to buying an asset."},{"speaker":"Mike Cavaggioni","startTime":335.792,"endTime":336.992,"body":"That's gonna pay you back."},{"speaker":"Mike Cavaggioni","startTime":337.232,"endTime":339.182,"body":"But not a lot of people think like that."},{"speaker":"Mike Cavaggioni","startTime":339.332,"endTime":343.41,"body":"So having that perspective and at"},{"speaker":"Mike Cavaggioni","startTime":339.332,"endTime":343.41,"body":"least having that mindset for you while"},{"speaker":"Mike Cavaggioni","startTime":343.41,"endTime":346.418,"body":"you were in the military, that kind"},{"speaker":"Mike Cavaggioni","startTime":343.41,"endTime":346.418,"body":"of set you apart from everyone else."},{"speaker":"Mike Cavaggioni","startTime":346.418,"endTime":348.858,"body":"Now, when was it that it clicked for you?"},{"speaker":"Mike Cavaggioni","startTime":348.858,"endTime":353.269,"body":"Did you join and immediately figure out,"},{"speaker":"Mike Cavaggioni","startTime":348.858,"endTime":353.269,"body":"Hey, like this is not the right way to"},{"speaker":"Mike Cavaggioni","startTime":353.274,"endTime":357.397,"body":"do things or did it take some time after"},{"speaker":"Mike Cavaggioni","startTime":353.274,"endTime":357.397,"body":"being in, maybe for a few years and you're"},{"speaker":"Mike Cavaggioni","startTime":357.397,"endTime":359.119,"body":"like, Hey, what am I doing with my money?"},{"speaker":"Mike Cavaggioni","startTime":359.119,"endTime":360.648,"body":"What, why there's gotta be a better way?"},{"speaker":"Mike Cavaggioni","startTime":360.648,"endTime":361.938,"body":"Like, how did you discover that?"},{"speaker":"Mike Cavaggioni","startTime":361.938,"endTime":363.348,"body":"How did you take that next step?"},{"speaker":"James Bowman","startTime":363.436,"endTime":363.706,"body":"Okay."},{"speaker":"James Bowman","startTime":363.706,"endTime":368.722,"body":"So I'll say when I started, I got my first"},{"speaker":"James Bowman","startTime":363.706,"endTime":368.722,"body":"credit card and from the time I got that,"},{"speaker":"James Bowman","startTime":368.872,"endTime":370.942,"body":"I was never the guy to hold a balance."},{"speaker":"James Bowman","startTime":370.947,"endTime":371.602,"body":"I don't know."},{"speaker":"James Bowman","startTime":371.692,"endTime":374.875,"body":"And I didn't learn that holding"},{"speaker":"James Bowman","startTime":371.692,"endTime":374.875,"body":"a balance was a bad thing."},{"speaker":"James Bowman","startTime":375.025,"endTime":379.705,"body":"It just ended up being how it was as I"},{"speaker":"James Bowman","startTime":375.025,"endTime":379.705,"body":"would spend money on the credit card and"},{"speaker":"James Bowman","startTime":379.705,"endTime":381.295,"body":"I'd pay it off every single paycheck."},{"speaker":"James Bowman","startTime":381.325,"endTime":383.405,"body":"And I didn't realize"},{"speaker":"James Bowman","startTime":381.325,"endTime":383.405,"body":"how beneficial that was."},{"speaker":"James Bowman","startTime":383.575,"endTime":388.375,"body":"And then of course, I get to my unit,"},{"speaker":"James Bowman","startTime":383.575,"endTime":388.375,"body":"I need a car, I get my tax refund."},{"speaker":"James Bowman","startTime":388.375,"endTime":391.825,"body":"And the same day I get my tax refund"},{"speaker":"James Bowman","startTime":388.375,"endTime":391.825,"body":"I go to the car dealership and I"},{"speaker":"James Bowman","startTime":391.825,"endTime":396.745,"body":"end up purchasing a vehicle, but I"},{"speaker":"James Bowman","startTime":391.825,"endTime":396.745,"body":"put every single dime I had, they"},{"speaker":"James Bowman","startTime":396.745,"endTime":401.395,"body":"talked me into putting every single"},{"speaker":"James Bowman","startTime":396.745,"endTime":401.395,"body":"dime I had into a down payment."},{"speaker":"James Bowman","startTime":401.695,"endTime":406.375,"body":"And I ended up having to put"},{"speaker":"James Bowman","startTime":401.695,"endTime":406.375,"body":"the insurance on my credit card."},{"speaker":"James Bowman","startTime":406.38,"endTime":408.685,"body":"I didn't even realize you needed"},{"speaker":"James Bowman","startTime":406.38,"endTime":408.685,"body":"insurance at the dealership."},{"speaker":"James Bowman","startTime":408.712,"endTime":409.642,"body":"I'm 17."},{"speaker":"James Bowman","startTime":409.792,"endTime":412.252,"body":"I think I might have been 18"},{"speaker":"James Bowman","startTime":409.792,"endTime":412.252,"body":"at the time, but these are all"},{"speaker":"James Bowman","startTime":412.252,"endTime":413.602,"body":"things that nobody taught me."},{"speaker":"James Bowman","startTime":413.607,"endTime":416.604,"body":"And the first insurance payment is a"},{"speaker":"James Bowman","startTime":413.607,"endTime":416.604,"body":"big one so I have to end up putting"},{"speaker":"James Bowman","startTime":416.604,"endTime":420.628,"body":"that $500 on my credit card, and that"},{"speaker":"James Bowman","startTime":416.604,"endTime":420.628,"body":"freaked me out because that was the"},{"speaker":"James Bowman","startTime":420.688,"endTime":424.715,"body":"only time up to that point where I"},{"speaker":"James Bowman","startTime":420.688,"endTime":424.715,"body":"had to balance on my credit card."},{"speaker":"James Bowman","startTime":424.715,"endTime":427.445,"body":"And I had less than a hundred"},{"speaker":"James Bowman","startTime":424.715,"endTime":427.445,"body":"dollars in my checking account."},{"speaker":"James Bowman","startTime":427.745,"endTime":431.345,"body":"And then they taught me about a"},{"speaker":"James Bowman","startTime":427.745,"endTime":431.345,"body":"deductible, I had no idea what that was."},{"speaker":"James Bowman","startTime":431.615,"endTime":433.595,"body":"So it's raining outside of the dealership."},{"speaker":"James Bowman","startTime":433.595,"endTime":437.465,"body":"So I'm like, man, if I crash"},{"speaker":"James Bowman","startTime":433.595,"endTime":437.465,"body":"this car on the way home, I"},{"speaker":"James Bowman","startTime":437.465,"endTime":439.505,"body":"can't even cover the deductible."},{"speaker":"James Bowman","startTime":439.684,"endTime":441.76,"body":"I'm panicking internally, I'm outside."},{"speaker":"James Bowman","startTime":441.76,"endTime":442.36,"body":"I'm cool though."},{"speaker":"James Bowman","startTime":442.36,"endTime":442.84,"body":"You know what I mean?"},{"speaker":"James Bowman","startTime":442.84,"endTime":442.97,"body":"I'm."},{"speaker":"James Bowman","startTime":443.12,"endTime":444.17,"body":"I'm looking at my guys."},{"speaker":"James Bowman","startTime":444.17,"endTime":446.48,"body":"They're like, yeah, I'm the"},{"speaker":"James Bowman","startTime":444.17,"endTime":446.48,"body":"first one buying the car."},{"speaker":"James Bowman","startTime":446.78,"endTime":448.443,"body":"And I was terrified, man."},{"speaker":"James Bowman","startTime":448.743,"endTime":453.145,"body":"And it was at that moment I knew I messed"},{"speaker":"James Bowman","startTime":448.743,"endTime":453.145,"body":"up in that moment and I needed to fix it."},{"speaker":"James Bowman","startTime":453.295,"endTime":455.545,"body":"And so that's where the journey started."},{"speaker":"James Bowman","startTime":455.605,"endTime":457.285,"body":"So I saved that thousand dollars."},{"speaker":"James Bowman","startTime":457.285,"endTime":459.955,"body":"First thing I did was pay off that"},{"speaker":"James Bowman","startTime":457.285,"endTime":459.955,"body":"credit card, the next paycheck."},{"speaker":"James Bowman","startTime":460.255,"endTime":462.145,"body":"Then I saved that first thousand dollars."},{"speaker":"James Bowman","startTime":462.445,"endTime":466.765,"body":"And I remember when I got paid and"},{"speaker":"James Bowman","startTime":462.445,"endTime":466.765,"body":"that thousand dollars hit my savings,"},{"speaker":"James Bowman","startTime":467.065,"endTime":471.025,"body":"there was just a weight that was"},{"speaker":"James Bowman","startTime":467.065,"endTime":471.025,"body":"completely lifted off my shoulders."},{"speaker":"James Bowman","startTime":471.025,"endTime":474.422,"body":"Okay, I don't have to be terrified"},{"speaker":"James Bowman","startTime":471.025,"endTime":474.422,"body":"about driving this car anymore, cause"},{"speaker":"James Bowman","startTime":474.422,"endTime":476.372,"body":"I can at least cover my deductible."},{"speaker":"Mike Cavaggioni","startTime":476.672,"endTime":478.084,"body":"Yeah,"},{"speaker":"Mike Cavaggioni","startTime":476.672,"endTime":478.084,"body":"no that's fantastic."},{"speaker":"Mike Cavaggioni","startTime":478.084,"endTime":481.315,"body":"You got yourself to the point where"},{"speaker":"Mike Cavaggioni","startTime":478.084,"endTime":481.315,"body":"you had, some type of a rainy day"},{"speaker":"Mike Cavaggioni","startTime":481.32,"endTime":485.636,"body":"emergency fund there for you to use in"},{"speaker":"Mike Cavaggioni","startTime":481.32,"endTime":485.636,"body":"case something was to happen and doing"},{"speaker":"Mike Cavaggioni","startTime":485.636,"endTime":488.315,"body":"that at the age of 18 is phenomenal."},{"speaker":"Mike Cavaggioni","startTime":488.355,"endTime":492.555,"body":"I don't think I've actually had a guest"},{"speaker":"Mike Cavaggioni","startTime":488.355,"endTime":492.555,"body":"on yet that has actually started their"},{"speaker":"Mike Cavaggioni","startTime":492.555,"endTime":494.295,"body":"financial journey at the age of 18."},{"speaker":"Mike Cavaggioni","startTime":494.3,"endTime":499.35,"body":"And that is absolutely amazing because"},{"speaker":"Mike Cavaggioni","startTime":494.3,"endTime":499.35,"body":"the way I look at it is, that's"},{"speaker":"Mike Cavaggioni","startTime":499.35,"endTime":500.73,"body":"the target we wanna try to hit."},{"speaker":"Mike Cavaggioni","startTime":500.735,"endTime":504.66,"body":"We wanna try to teach the younger"},{"speaker":"Mike Cavaggioni","startTime":500.735,"endTime":504.66,"body":"generation to get to that point to"},{"speaker":"Mike Cavaggioni","startTime":504.66,"endTime":508.29,"body":"where their financially limited enough"},{"speaker":"Mike Cavaggioni","startTime":504.66,"endTime":508.29,"body":"to start off at, in a good spot."},{"speaker":"Mike Cavaggioni","startTime":508.29,"endTime":510.915,"body":"So you're already, you're"},{"speaker":"Mike Cavaggioni","startTime":508.29,"endTime":510.915,"body":"what, 23 years old, right?"},{"speaker":"James Bowman","startTime":511.089,"endTime":512.049,"body":"Yes, 23."},{"speaker":"Mike Cavaggioni","startTime":512.139,"endTime":514.839,"body":"So 23 years old right"},{"speaker":"Mike Cavaggioni","startTime":512.139,"endTime":514.839,"body":"now, you've already got yourself in"},{"speaker":"Mike Cavaggioni","startTime":514.839,"endTime":519.399,"body":"such a good spot because of simple"},{"speaker":"Mike Cavaggioni","startTime":514.839,"endTime":519.399,"body":"decisions you made when you were 18"},{"speaker":"Mike Cavaggioni","startTime":519.399,"endTime":521.178,"body":"years old, and we're gonna get into that."},{"speaker":"Mike Cavaggioni","startTime":521.178,"endTime":524.031,"body":"Cause I know you own some rental"},{"speaker":"Mike Cavaggioni","startTime":521.178,"endTime":524.031,"body":"properties and stuff, and I want to get"},{"speaker":"Mike Cavaggioni","startTime":524.031,"endTime":529.472,"body":"into all of that and the fact that, at the"},{"speaker":"Mike Cavaggioni","startTime":524.031,"endTime":529.472,"body":"age of 23, you own more homes than a large"},{"speaker":"Mike Cavaggioni","startTime":529.472,"endTime":531.806,"body":"majority of the population in America."},{"speaker":"Mike Cavaggioni","startTime":531.827,"endTime":536.926,"body":"Because, I think it's what, I think 60%"},{"speaker":"Mike Cavaggioni","startTime":531.827,"endTime":536.926,"body":"of the country actually owns a home."},{"speaker":"Mike Cavaggioni","startTime":537.106,"endTime":538.306,"body":"And that's just one home."},{"speaker":"Mike Cavaggioni","startTime":538.576,"endTime":543.635,"body":"When you get down to who owns two or more"},{"speaker":"Mike Cavaggioni","startTime":538.576,"endTime":543.635,"body":"homes, that number goes way, way down."},{"speaker":"Mike Cavaggioni","startTime":543.635,"endTime":545.775,"body":"And I don't know it off the top of"},{"speaker":"Mike Cavaggioni","startTime":543.635,"endTime":545.775,"body":"my head, but I'm pretty sure it's"},{"speaker":"Mike Cavaggioni","startTime":545.775,"endTime":547.258,"body":"less than 10% or something like that."},{"speaker":"Mike Cavaggioni","startTime":547.268,"endTime":551.038,"body":"You're already in a super good"},{"speaker":"Mike Cavaggioni","startTime":547.268,"endTime":551.038,"body":"spot and this is something"},{"speaker":"Mike Cavaggioni","startTime":551.038,"endTime":551.908,"body":"else I want to ask you too."},{"speaker":"Mike Cavaggioni","startTime":551.915,"endTime":554.566,"body":"As you were 18 years old,"},{"speaker":"Mike Cavaggioni","startTime":551.915,"endTime":554.566,"body":"you bought that first car."},{"speaker":"Mike Cavaggioni","startTime":554.566,"endTime":556.755,"body":"You freaked out cause you didn't"},{"speaker":"Mike Cavaggioni","startTime":554.566,"endTime":556.755,"body":"have the money for deductible."},{"speaker":"Mike Cavaggioni","startTime":556.755,"endTime":560.507,"body":"If something happened, I know that was"},{"speaker":"Mike Cavaggioni","startTime":556.755,"endTime":560.507,"body":"the trigger that got you to rethink your"},{"speaker":"Mike Cavaggioni","startTime":560.507,"endTime":563.023,"body":"finances, but what was like the resources?"},{"speaker":"Mike Cavaggioni","startTime":563.089,"endTime":566.929,"body":"What did you find as you were looking"},{"speaker":"Mike Cavaggioni","startTime":563.089,"endTime":566.929,"body":"up ways to make yourself better at this?"},{"speaker":"Mike Cavaggioni","startTime":567.139,"endTime":571.06,"body":"Was there any particular book or program"},{"speaker":"Mike Cavaggioni","startTime":567.139,"endTime":571.06,"body":"or anything that you read that helped you."},{"speaker":"James Bowman","startTime":571.269,"endTime":571.809,"body":"Yeah."},{"speaker":"James Bowman","startTime":572.079,"endTime":572.319,"body":"Yeah."},{"speaker":"James Bowman","startTime":572.319,"endTime":572.559,"body":"Mike."},{"speaker":"James Bowman","startTime":572.588,"endTime":576.066,"body":"Once I save that thousand dollars and"},{"speaker":"James Bowman","startTime":572.588,"endTime":576.066,"body":"I realized okay, wait a minute, saving"},{"speaker":"James Bowman","startTime":576.066,"endTime":578.324,"body":"is easy, so I'm gonna keep doing it."},{"speaker":"James Bowman","startTime":578.624,"endTime":581.253,"body":"And I'm saving, my wife and I get married."},{"speaker":"James Bowman","startTime":581.283,"endTime":585.376,"body":"I move out of the barracks, we get a"},{"speaker":"James Bowman","startTime":581.283,"endTime":585.376,"body":"super duper small two bed, one bath"},{"speaker":"James Bowman","startTime":585.526,"endTime":591.964,"body":"apartment and let's just say the housing"},{"speaker":"James Bowman","startTime":585.526,"endTime":591.964,"body":"allowance was $1,200 at the time."},{"speaker":"James Bowman","startTime":591.994,"endTime":593.633,"body":"Our apartment was 700."},{"speaker":"James Bowman","startTime":593.783,"endTime":599.153,"body":"So now we got to the point where our"},{"speaker":"James Bowman","startTime":593.783,"endTime":599.153,"body":"housing allowance was paying for my"},{"speaker":"James Bowman","startTime":599.153,"endTime":601.673,"body":"car payment, my rent and my insurance."},{"speaker":"James Bowman","startTime":601.973,"endTime":606.477,"body":"And as you can see, it ends up"},{"speaker":"James Bowman","startTime":601.973,"endTime":606.477,"body":"snowballing into a massive savings rate."},{"speaker":"James Bowman","startTime":606.777,"endTime":611.817,"body":"And it got to the point where"},{"speaker":"James Bowman","startTime":606.777,"endTime":611.817,"body":"I wanna say, I had maybe let's"},{"speaker":"James Bowman","startTime":611.817,"endTime":613.977,"body":"just call it $10,000 saved up."},{"speaker":"James Bowman","startTime":614.067,"endTime":616.788,"body":"And my wife looked at me one day"},{"speaker":"James Bowman","startTime":614.067,"endTime":616.788,"body":"and she's what are you saving for?"},{"speaker":"James Bowman","startTime":616.938,"endTime":619.818,"body":"And I had absolutely no"},{"speaker":"James Bowman","startTime":616.938,"endTime":619.818,"body":"idea what to tell her, man."},{"speaker":"James Bowman","startTime":619.878,"endTime":622.668,"body":"I was just like, I'm just"},{"speaker":"James Bowman","startTime":619.878,"endTime":622.668,"body":"save it for a rainy day."},{"speaker":"James Bowman","startTime":622.818,"endTime":627.517,"body":"And so that triggered me to, okay, I"},{"speaker":"James Bowman","startTime":622.818,"endTime":627.517,"body":"need to figure out what am I saving for?"},{"speaker":"James Bowman","startTime":627.675,"endTime":631.905,"body":"And so I go to YouTube, I don't even"},{"speaker":"James Bowman","startTime":627.675,"endTime":631.905,"body":"remember what I typed in or how I"},{"speaker":"James Bowman","startTime":631.965,"endTime":636.885,"body":"ended up, but the first person that"},{"speaker":"James Bowman","startTime":631.965,"endTime":636.885,"body":"I came across was Graham Stephan."},{"speaker":"James Bowman","startTime":636.885,"endTime":638.115,"body":"He has a YouTube channel."},{"speaker":"James Bowman","startTime":638.265,"endTime":639.675,"body":"Very successful man."},{"speaker":"James Bowman","startTime":639.675,"endTime":645.265,"body":"And he, he broke down index funds,"},{"speaker":"James Bowman","startTime":639.675,"endTime":645.265,"body":"you know how to get started investing."},{"speaker":"James Bowman","startTime":645.27,"endTime":650.605,"body":"That's where I heard about real estate and"},{"speaker":"James Bowman","startTime":645.27,"endTime":650.605,"body":"started dabbling and hearing about that."},{"speaker":"James Bowman","startTime":650.905,"endTime":654.505,"body":"And then that kind of triggered"},{"speaker":"James Bowman","startTime":650.905,"endTime":654.505,"body":"me snowballing into finding"},{"speaker":"James Bowman","startTime":654.505,"endTime":658.735,"body":"Dave Ramsey's content where, and"},{"speaker":"James Bowman","startTime":654.505,"endTime":658.735,"body":"I'm start consuming his stuff."},{"speaker":"James Bowman","startTime":658.735,"endTime":662.095,"body":"I end up finding bigger pockets,"},{"speaker":"James Bowman","startTime":658.735,"endTime":662.095,"body":"which I'm sure you're familiar with."},{"speaker":"James Bowman","startTime":662.395,"endTime":667.745,"body":"And it was just as soon as I hit one,"},{"speaker":"James Bowman","startTime":662.395,"endTime":667.745,"body":"my YouTube was like, I got you, and"},{"speaker":"James Bowman","startTime":667.745,"endTime":671.285,"body":"it gave me everything that I needed."},{"speaker":"James Bowman","startTime":671.495,"endTime":674.885,"body":"And luckily it didn't"},{"speaker":"James Bowman","startTime":671.495,"endTime":674.885,"body":"give me anything I didn't."},{"speaker":"James Bowman","startTime":675.185,"endTime":679.265,"body":"So what I mean by that is I"},{"speaker":"James Bowman","startTime":675.185,"endTime":679.265,"body":"didn't get any of the get rich"},{"speaker":"James Bowman","startTime":679.265,"endTime":681.519,"body":"quick, guru stuff coming up."},{"speaker":"James Bowman","startTime":681.519,"endTime":686.941,"body":"I didn't get any of the get rich"},{"speaker":"James Bowman","startTime":681.519,"endTime":686.941,"body":"on crypto or investment NFTs"},{"speaker":"James Bowman","startTime":686.941,"endTime":688.351,"body":"things, at least at that time."},{"speaker":"James Bowman","startTime":688.651,"endTime":693.135,"body":"So I think, shout out to YouTube for"},{"speaker":"James Bowman","startTime":688.651,"endTime":693.135,"body":"giving me the right content or at"},{"speaker":"James Bowman","startTime":693.135,"endTime":695.215,"body":"least content that I think was right."},{"speaker":"James Bowman","startTime":695.22,"endTime":701.0,"body":"So those are some of the things"},{"speaker":"James Bowman","startTime":695.22,"endTime":701.0,"body":"that really, shifted my focus and"},{"speaker":"James Bowman","startTime":701.0,"endTime":702.98,"body":"taught me how to start investing."},{"speaker":"Mike Cavaggioni","startTime":703.28,"endTime":705.092,"body":"Yeah, James,"},{"speaker":"Mike Cavaggioni","startTime":703.28,"endTime":705.092,"body":"that is super awesome, man."},{"speaker":"Mike Cavaggioni","startTime":705.116,"endTime":708.046,"body":"The YouTube algorithm"},{"speaker":"Mike Cavaggioni","startTime":705.116,"endTime":708.046,"body":"in a good way this time."},{"speaker":"Mike Cavaggioni","startTime":708.046,"endTime":709.251,"body":"So that's good to hear, man."},{"speaker":"Mike Cavaggioni","startTime":709.269,"endTime":710.649,"body":". So I just wanna point something out, man."},{"speaker":"Mike Cavaggioni","startTime":710.701,"endTime":714.186,"body":"Even before you knew what was going"},{"speaker":"Mike Cavaggioni","startTime":710.701,"endTime":714.186,"body":"on, you were already at, at a point"},{"speaker":"Mike Cavaggioni","startTime":714.186,"endTime":717.6,"body":"where you were telling yourself to not"},{"speaker":"Mike Cavaggioni","startTime":714.186,"endTime":717.6,"body":"keep a balance on your credit card."},{"speaker":"Mike Cavaggioni","startTime":717.6,"endTime":720.75,"body":"So even before you knew it, you already"},{"speaker":"Mike Cavaggioni","startTime":717.6,"endTime":720.75,"body":"had a good head on your shoulders when"},{"speaker":"Mike Cavaggioni","startTime":720.75,"endTime":723.27,"body":"it came to what to do with your finances."},{"speaker":"Mike Cavaggioni","startTime":723.57,"endTime":727.38,"body":"Okay, now, as you, you discovered"},{"speaker":"Mike Cavaggioni","startTime":723.57,"endTime":727.38,"body":"Graham Stephan, you discovered Dave"},{"speaker":"Mike Cavaggioni","startTime":727.38,"endTime":729.3,"body":"Ramsey and then bigger pockets."},{"speaker":"Mike Cavaggioni","startTime":729.64,"endTime":733.591,"body":"I know once you found bigger pockets,"},{"speaker":"Mike Cavaggioni","startTime":729.64,"endTime":733.591,"body":"especially so you were talking to, about"},{"speaker":"Mike Cavaggioni","startTime":733.596,"endTime":736.58,"body":"Graham Stephan, you started digesting"},{"speaker":"Mike Cavaggioni","startTime":733.596,"endTime":736.58,"body":"and got the bug in your ear about real"},{"speaker":"Mike Cavaggioni","startTime":736.585,"endTime":739.835,"body":"estate, but I know once you started"},{"speaker":"Mike Cavaggioni","startTime":736.585,"endTime":739.835,"body":"looking at bigger pockets, that probably"},{"speaker":"Mike Cavaggioni","startTime":739.84,"endTime":743.765,"body":"blew up in your head and you were like,"},{"speaker":"Mike Cavaggioni","startTime":739.84,"endTime":743.765,"body":"dude, I need to get into real estate."},{"speaker":"Mike Cavaggioni","startTime":743.793,"endTime":744.877,"body":"James, how did that work for you?"},{"speaker":"Mike Cavaggioni","startTime":744.877,"endTime":746.977,"body":"Like how did you get into"},{"speaker":"Mike Cavaggioni","startTime":744.877,"endTime":746.977,"body":"your first real estate?"},{"speaker":"Mike Cavaggioni","startTime":747.044,"endTime":749.504,"body":"Cuz you said you were"},{"speaker":"Mike Cavaggioni","startTime":747.044,"endTime":749.504,"body":"saving up for a rainy day."},{"speaker":"Mike Cavaggioni","startTime":749.504,"endTime":752.744,"body":"You didn't know what you were saving for"},{"speaker":"Mike Cavaggioni","startTime":749.504,"endTime":752.744,"body":"then you started consuming this content."},{"speaker":"Mike Cavaggioni","startTime":752.904,"endTime":755.234,"body":"How what's the story for you"},{"speaker":"Mike Cavaggioni","startTime":752.904,"endTime":755.234,"body":"buying your first property?"},{"speaker":"James Bowman","startTime":755.534,"endTime":758.669,"body":"So the way it"},{"speaker":"James Bowman","startTime":755.534,"endTime":758.669,"body":"started, of course it started"},{"speaker":"James Bowman","startTime":758.669,"endTime":759.899,"body":"with bigger pockets, right?"},{"speaker":"James Bowman","startTime":759.899,"endTime":762.204,"body":"And I'm learning how to analyze deals."},{"speaker":"James Bowman","startTime":762.264,"endTime":767.674,"body":"And I'm looking in, I was stationed at"},{"speaker":"James Bowman","startTime":762.264,"endTime":767.674,"body":"Fort Stewart living in Hinesville, so I'm"},{"speaker":"James Bowman","startTime":767.674,"endTime":771.474,"body":"like, okay,  cuz bigger pockets preaches,"},{"speaker":"James Bowman","startTime":767.674,"endTime":771.474,"body":"listen, you need to be analyzing 10 deals"},{"speaker":"James Bowman","startTime":771.474,"endTime":774.924,"body":"a day just to get that skill down to a T."},{"speaker":"James Bowman","startTime":775.104,"endTime":777.378,"body":"And now I can look at asking price"},{"speaker":"James Bowman","startTime":775.104,"endTime":777.378,"body":"probably shouldn't know if it's gonna"},{"speaker":"James Bowman","startTime":777.378,"endTime":783.168,"body":"cash flow in certain markets because I've"},{"speaker":"James Bowman","startTime":777.378,"endTime":783.168,"body":"analyzed so many deals, but yeah, and I'm"},{"speaker":"James Bowman","startTime":783.168,"endTime":785.988,"body":"analyzing deals, just getting that muscle."},{"speaker":"James Bowman","startTime":786.048,"endTime":791.308,"body":"And I'm like, any of these houses"},{"speaker":"James Bowman","startTime":786.048,"endTime":791.308,"body":"will cash flow any of them."},{"speaker":"James Bowman","startTime":791.608,"endTime":796.118,"body":"And so I get to the point where I'm"},{"speaker":"James Bowman","startTime":791.608,"endTime":796.118,"body":"like, we're six months into our lease,"},{"speaker":"James Bowman","startTime":796.243,"endTime":799.576,"body":"of course two and a half years, but"},{"speaker":"James Bowman","startTime":796.243,"endTime":799.576,"body":"we're six months into our renewed"},{"speaker":"James Bowman","startTime":799.576,"endTime":802.132,"body":"lease and I end up just sent a message."},{"speaker":"James Bowman","startTime":802.137,"endTime":804.592,"body":"I'm like, I'm gonna ask, I sent"},{"speaker":"James Bowman","startTime":802.137,"endTime":804.592,"body":"a message to my property manager."},{"speaker":"James Bowman","startTime":804.592,"endTime":811.072,"body":"I said, Hey, look, if my wife and I"},{"speaker":"James Bowman","startTime":804.592,"endTime":811.072,"body":"use an agent from your brokerage to"},{"speaker":"James Bowman","startTime":811.077,"endTime":816.287,"body":"purchase a home, will you guys allow"},{"speaker":"James Bowman","startTime":811.077,"endTime":816.287,"body":"us out of our lease early, with no"},{"speaker":"James Bowman","startTime":816.287,"endTime":820.072,"body":"penalties and I and that was something"},{"speaker":"James Bowman","startTime":816.287,"endTime":820.072,"body":"I picked up on the bigger pockets, and"},{"speaker":"James Bowman","startTime":820.072,"endTime":825.233,"body":"I asked and I got a message back yeah,"},{"speaker":"James Bowman","startTime":820.072,"endTime":825.233,"body":"let's go, of course, and that's where"},{"speaker":"James Bowman","startTime":825.233,"endTime":829.442,"body":"I realized I figured out how I was"},{"speaker":"James Bowman","startTime":825.233,"endTime":829.442,"body":"going to fund it and things like that."},{"speaker":"James Bowman","startTime":829.442,"endTime":833.022,"body":"I knew I had the VA home loan that I"},{"speaker":"James Bowman","startTime":829.442,"endTime":833.022,"body":"had available so I knew I could get"},{"speaker":"James Bowman","startTime":833.022,"endTime":837.852,"body":"in 0% down and we went house hunting"},{"speaker":"James Bowman","startTime":833.022,"endTime":837.852,"body":"and we were gonna live there for one"},{"speaker":"James Bowman","startTime":837.852,"endTime":842.052,"body":"year to fulfill that primary residence"},{"speaker":"James Bowman","startTime":837.852,"endTime":842.052,"body":"requirement and then move out and"},{"speaker":"James Bowman","startTime":842.057,"endTime":843.912,"body":"rent it out and brings and repeat."},{"speaker":"James Bowman","startTime":844.152,"endTime":849.852,"body":"And that's what we ended up doing, except"},{"speaker":"James Bowman","startTime":844.152,"endTime":849.852,"body":"my calculations were way off man, way off."},{"speaker":"James Bowman","startTime":850.152,"endTime":855.084,"body":"So we purchased a home, we purchased"},{"speaker":"James Bowman","startTime":850.152,"endTime":855.084,"body":"it for 116, we move in, we got"},{"speaker":"James Bowman","startTime":855.089,"endTime":860.596,"body":"in $0 out of pocket, 0% down,"},{"speaker":"James Bowman","startTime":855.089,"endTime":860.596,"body":"seller paid all the closing costs."},{"speaker":"James Bowman","startTime":860.746,"endTime":865.696,"body":"And so all we paid for"},{"speaker":"James Bowman","startTime":860.746,"endTime":865.696,"body":"was the home inspection."},{"speaker":"James Bowman","startTime":865.696,"endTime":868.246,"body":"We got the appraisal back, the"},{"speaker":"James Bowman","startTime":865.696,"endTime":868.246,"body":"seller pay for the appraisal"},{"speaker":"James Bowman","startTime":868.546,"endTime":870.106,"body":"and we got our earnest back."},{"speaker":"James Bowman","startTime":870.106,"endTime":871.696,"body":"We were completely in zero down."},{"speaker":"James Bowman","startTime":871.696,"endTime":872.386,"body":"It was crazy."},{"speaker":"James Bowman","startTime":872.416,"endTime":875.678,"body":"I didn't even know that my realtor"},{"speaker":"James Bowman","startTime":872.416,"endTime":875.678,"body":"put in the contract that the seller"},{"speaker":"James Bowman","startTime":875.678,"endTime":876.518,"body":"was gonna pay codes and glove."},{"speaker":"James Bowman","startTime":876.518,"endTime":878.058,"body":"Cause I didn't know that much."},{"speaker":"James Bowman","startTime":878.358,"endTime":881.088,"body":"So we move in and this is January of 2022."},{"speaker":"James Bowman","startTime":881.388,"endTime":882.888,"body":"So you know what came in March?"},{"speaker":"James Bowman","startTime":883.188,"endTime":884.728,"body":"So I'm panicking."},{"speaker":"James Bowman","startTime":884.728,"endTime":887.758,"body":"I know we're gonna live there for"},{"speaker":"James Bowman","startTime":884.728,"endTime":887.758,"body":"the year, and so I'm panicking."},{"speaker":"James Bowman","startTime":887.758,"endTime":889.978,"body":"I'm like, man, I don't know what's"},{"speaker":"James Bowman","startTime":887.758,"endTime":889.978,"body":"gonna happen, I don't know if"},{"speaker":"James Bowman","startTime":889.983,"endTime":891.538,"body":"everything's gonna come crashing down."},{"speaker":"James Bowman","startTime":891.538,"endTime":893.008,"body":"Did I just do something stupid?"},{"speaker":"James Bowman","startTime":893.158,"endTime":898.012,"body":"And as you know what happened in"},{"speaker":"James Bowman","startTime":893.158,"endTime":898.012,"body":"2022 prices continued to rise."},{"speaker":"James Bowman","startTime":898.012,"endTime":899.482,"body":"Rents continued to rise."},{"speaker":"James Bowman","startTime":899.699,"endTime":905.069,"body":"And by the time we moved out of"},{"speaker":"James Bowman","startTime":899.699,"endTime":905.069,"body":"that property, I projected that"},{"speaker":"James Bowman","startTime":905.069,"endTime":907.289,"body":"we were gonna get $1,100 in rent."},{"speaker":"James Bowman","startTime":907.449,"endTime":911.049,"body":"And it was gonna cash"},{"speaker":"James Bowman","startTime":907.449,"endTime":911.049,"body":"flow about 150 a month."},{"speaker":"James Bowman","startTime":911.139,"endTime":913.979,"body":"And that was good enough for me because"},{"speaker":"James Bowman","startTime":911.139,"endTime":913.979,"body":"I was in zero down and I was good."},{"speaker":"James Bowman","startTime":914.279,"endTime":917.279,"body":"And when I called the property"},{"speaker":"James Bowman","startTime":914.279,"endTime":917.279,"body":"manager, the same one who let me outta"},{"speaker":"James Bowman","startTime":917.279,"endTime":920.879,"body":"my lease early, the same one who my"},{"speaker":"James Bowman","startTime":917.279,"endTime":920.879,"body":"agent worked for their brokerage."},{"speaker":"James Bowman","startTime":921.179,"endTime":923.909,"body":"I called 'em, I'm like, Hey, I would"},{"speaker":"James Bowman","startTime":921.179,"endTime":923.909,"body":"like you guys to manage your property."},{"speaker":"James Bowman","startTime":924.059,"endTime":928.789,"body":"They come in and they're like, okay"},{"speaker":"James Bowman","startTime":924.059,"endTime":928.789,"body":"you'll be getting 1475 for rent."},{"speaker":"James Bowman","startTime":929.089,"endTime":935.279,"body":"And I was like, it went from 1100"},{"speaker":"James Bowman","startTime":929.089,"endTime":935.279,"body":"to 1475 in the matter of a year."},{"speaker":"James Bowman","startTime":935.579,"endTime":938.459,"body":"And yeah, It completely blew my mind."},{"speaker":"James Bowman","startTime":938.459,"endTime":942.629,"body":"And now it is cash flowing"},{"speaker":"James Bowman","startTime":938.459,"endTime":942.629,"body":"like a cow giving milk."},{"speaker":"Mike Cavaggioni","startTime":942.929,"endTime":943.799,"body":"Ah, I love it man."},{"speaker":"Mike Cavaggioni","startTime":943.849,"endTime":947.423,"body":"What's awesome is, when you put your"},{"speaker":"Mike Cavaggioni","startTime":943.849,"endTime":947.423,"body":"numbers together and you look at what"},{"speaker":"Mike Cavaggioni","startTime":947.453,"endTime":952.381,"body":"the fair market value for rent was"},{"speaker":"Mike Cavaggioni","startTime":947.453,"endTime":952.381,"body":"then versus what it became after, the"},{"speaker":"Mike Cavaggioni","startTime":952.411,"endTime":958.085,"body":"quote unquote world ended, you know"},{"speaker":"Mike Cavaggioni","startTime":952.411,"endTime":958.085,"body":"that's an extra $300 more over $300"},{"speaker":"Mike Cavaggioni","startTime":958.085,"endTime":961.05,"body":"more then what you initially calculated."},{"speaker":"Mike Cavaggioni","startTime":961.05,"endTime":964.08,"body":"So now instead of cash flowing,"},{"speaker":"Mike Cavaggioni","startTime":961.05,"endTime":964.08,"body":"150 a month, you're cash"},{"speaker":"Mike Cavaggioni","startTime":964.08,"endTime":965.49,"body":"flowing almost 500 a month."},{"speaker":"Mike Cavaggioni","startTime":965.76,"endTime":967.74,"body":"So that is super awesome."},{"speaker":"Mike Cavaggioni","startTime":967.937,"endTime":971.577,"body":"And how old were you when you"},{"speaker":"Mike Cavaggioni","startTime":967.937,"endTime":971.577,"body":"started renting out this property?"},{"speaker":"James Bowman","startTime":971.621,"endTime":975.294,"body":"We started"},{"speaker":"James Bowman","startTime":971.621,"endTime":975.294,"body":"renting it in July of last year."},{"speaker":"James Bowman","startTime":975.294,"endTime":976.294,"body":"So I was 22."},{"speaker":"Mike Cavaggioni","startTime":976.444,"endTime":976.804,"body":"Okay."},{"speaker":"Mike Cavaggioni","startTime":976.804,"endTime":979.714,"body":"So 22 years old, got your first"},{"speaker":"Mike Cavaggioni","startTime":976.804,"endTime":979.714,"body":"rental property already cash"},{"speaker":"Mike Cavaggioni","startTime":979.719,"endTime":981.304,"body":"flowing almost $500 a month."},{"speaker":"Mike Cavaggioni","startTime":981.604,"endTime":982.654,"body":"You wanna go buy a new car?"},{"speaker":"Mike Cavaggioni","startTime":982.659,"endTime":983.164,"body":"There you go."},{"speaker":"Mike Cavaggioni","startTime":983.164,"endTime":986.524,"body":"You have an asset that's making"},{"speaker":"Mike Cavaggioni","startTime":983.164,"endTime":986.524,"body":"that car payment for you done, free."},{"speaker":"Mike Cavaggioni","startTime":986.774,"endTime":990.129,"body":"So like right there, like that's"},{"speaker":"Mike Cavaggioni","startTime":986.774,"endTime":990.129,"body":"the spot you want to be in."},{"speaker":"Mike Cavaggioni","startTime":990.184,"endTime":990.484,"body":"Okay."},{"speaker":"Mike Cavaggioni","startTime":990.484,"endTime":993.244,"body":"So after you bought that property,"},{"speaker":"Mike Cavaggioni","startTime":990.484,"endTime":993.244,"body":"then you started renting it out"},{"speaker":"Mike Cavaggioni","startTime":993.244,"endTime":996.274,"body":"and then you, did you go and"},{"speaker":"Mike Cavaggioni","startTime":993.244,"endTime":996.274,"body":"buy another property right away?"},{"speaker":"Mike Cavaggioni","startTime":996.279,"endTime":998.724,"body":"Or what was the next step to"},{"speaker":"Mike Cavaggioni","startTime":996.279,"endTime":998.724,"body":"the property that you're in?"},{"speaker":"James Bowman","startTime":998.874,"endTime":999.054,"body":"Yeah."},{"speaker":"James Bowman","startTime":999.054,"endTime":1003.794,"body":"So we ended up, my wife ended"},{"speaker":"James Bowman","startTime":999.054,"endTime":1003.794,"body":"up accepting a job in Savannah"},{"speaker":"James Bowman","startTime":1003.794,"endTime":1005.264,"body":"an hour away from Hinesville."},{"speaker":"James Bowman","startTime":1005.484,"endTime":1009.9,"body":"For the listeners who's not aware,"},{"speaker":"James Bowman","startTime":1005.484,"endTime":1009.9,"body":"the VA has certain stipulations."},{"speaker":"James Bowman","startTime":1010.045,"endTime":1013.465,"body":"You can actually use your VA home loan"},{"speaker":"James Bowman","startTime":1010.045,"endTime":1013.465,"body":"more than once, as long as you have"},{"speaker":"James Bowman","startTime":1013.465,"endTime":1017.665,"body":"some entitlement left, which of course"},{"speaker":"James Bowman","startTime":1013.465,"endTime":1017.665,"body":"a loan officer can explain to you."},{"speaker":"James Bowman","startTime":1017.965,"endTime":1021.265,"body":"And we had entitlement left"},{"speaker":"James Bowman","startTime":1017.965,"endTime":1021.265,"body":"and we had a reason to move."},{"speaker":"James Bowman","startTime":1021.565,"endTime":1026.155,"body":"And so we ended up purchasing"},{"speaker":"James Bowman","startTime":1021.565,"endTime":1026.155,"body":"another primary home in Savannah,"},{"speaker":"James Bowman","startTime":1026.155,"endTime":1027.505,"body":"which is where we live now."},{"speaker":"James Bowman","startTime":1027.805,"endTime":1032.695,"body":"And again, we got in zero down, but"},{"speaker":"James Bowman","startTime":1027.805,"endTime":1032.695,"body":"of course I paid closing costs and"},{"speaker":"James Bowman","startTime":1032.695,"endTime":1034.645,"body":"that's how we ended up in this home."},{"speaker":"James Bowman","startTime":1034.675,"endTime":1039.085,"body":"And the long term play for this is"},{"speaker":"James Bowman","startTime":1034.675,"endTime":1039.085,"body":"we're going to turn it into a short"},{"speaker":"James Bowman","startTime":1039.085,"endTime":1044.945,"body":"term rental because Savannah has a very"},{"speaker":"James Bowman","startTime":1039.085,"endTime":1044.945,"body":"diverse tourist attraction, because"},{"speaker":"James Bowman","startTime":1044.945,"endTime":1050.513,"body":"of its historic values and I haven't"},{"speaker":"James Bowman","startTime":1044.945,"endTime":1050.513,"body":"narrowed down the numbers yet on what"},{"speaker":"James Bowman","startTime":1050.513,"endTime":1056.153,"body":"it's gonna be because of all of the"},{"speaker":"James Bowman","startTime":1050.513,"endTime":1056.153,"body":"unknown, but that's how we ended up here."},{"speaker":"James Bowman","startTime":1056.453,"endTime":1062.273,"body":"And then of course, In November, we"},{"speaker":"James Bowman","startTime":1056.453,"endTime":1062.273,"body":"purchased our second rental property."},{"speaker":"James Bowman","startTime":1062.273,"endTime":1065.963,"body":"This is the only time we've ever put"},{"speaker":"James Bowman","startTime":1062.273,"endTime":1065.963,"body":"a down payment because of course I'm"},{"speaker":"James Bowman","startTime":1065.963,"endTime":1067.943,"body":"still stacking money over these years."},{"speaker":"James Bowman","startTime":1067.948,"endTime":1071.423,"body":"I'm not putting anything, any down"},{"speaker":"James Bowman","startTime":1067.948,"endTime":1071.423,"body":"payments in the homes I'm buying."},{"speaker":"Mike Cavaggioni","startTime":1071.428,"endTime":1072.568,"body":"Still"},{"speaker":"Mike Cavaggioni","startTime":1071.428,"endTime":1072.568,"body":"saving for that rainy day"},{"speaker":"James Bowman","startTime":1072.868,"endTime":1073.558,"body":"Exactly."},{"speaker":"James Bowman","startTime":1073.858,"endTime":1076.068,"body":"If it rains, I'm ready for a hurricane."},{"speaker":"James Bowman","startTime":1076.068,"endTime":1079.608,"body":"Mike, I tell you that, man, but"},{"speaker":"James Bowman","startTime":1076.068,"endTime":1079.608,"body":"yeah, and that's how this is the"},{"speaker":"James Bowman","startTime":1079.608,"endTime":1085.278,"body":"first property that we purchased in"},{"speaker":"James Bowman","startTime":1079.608,"endTime":1085.278,"body":"November straight rental, 20% down."},{"speaker":"James Bowman","startTime":1085.308,"endTime":1090.998,"body":"And that one is cash flowing 350 per"},{"speaker":"James Bowman","startTime":1085.308,"endTime":1090.998,"body":"month after all expenses, property"},{"speaker":"James Bowman","startTime":1091.003,"endTime":1092.118,"body":"management and things like that."},{"speaker":"Mike Cavaggioni","startTime":1092.418,"endTime":1093.288,"body":"Yeah, very nice, man."},{"speaker":"Mike Cavaggioni","startTime":1093.292,"endTime":1094.462,"body":"What a good spot to be in."},{"speaker":"Mike Cavaggioni","startTime":1094.462,"endTime":1098.822,"body":"So just two rental properties right"},{"speaker":"Mike Cavaggioni","startTime":1094.462,"endTime":1098.822,"body":"now, currently cash flowing for what?"},{"speaker":"Mike Cavaggioni","startTime":1098.822,"endTime":1101.702,"body":"850 a month right now,"},{"speaker":"Mike Cavaggioni","startTime":1098.822,"endTime":1101.702,"body":"the two of them combined."},{"speaker":"Mike Cavaggioni","startTime":1102.002,"endTime":1103.652,"body":"That is super awesome."},{"speaker":"Mike Cavaggioni","startTime":1103.922,"endTime":1105.722,"body":"And now you're talking about"},{"speaker":"Mike Cavaggioni","startTime":1103.922,"endTime":1105.722,"body":"turning the one that you're in"},{"speaker":"Mike Cavaggioni","startTime":1105.722,"endTime":1107.462,"body":"right now into a short term rental."},{"speaker":"Mike Cavaggioni","startTime":1107.662,"endTime":1112.04,"body":"That will probably cash flow better than"},{"speaker":"Mike Cavaggioni","startTime":1107.662,"endTime":1112.04,"body":"both of your other rentals combined."},{"speaker":"Mike Cavaggioni","startTime":1112.087,"endTime":1116.34,"body":"Have you looked at AirDNA as a way"},{"speaker":"Mike Cavaggioni","startTime":1112.087,"endTime":1116.34,"body":"to run the numbers on what you would"},{"speaker":"Mike Cavaggioni","startTime":1116.34,"endTime":1118.108,"body":"get for that as a short term rental?"},{"speaker":"James Bowman","startTime":1118.408,"endTime":1119.308,"body":"No, I haven't."},{"speaker":"James Bowman","startTime":1119.308,"endTime":1125.851,"body":"What I did was I looked at the occupants"},{"speaker":"James Bowman","startTime":1119.308,"endTime":1125.851,"body":"or I looked at surrounding homes"},{"speaker":"James Bowman","startTime":1125.911,"endTime":1128.651,"body":"that are already listed on Airbnb."},{"speaker":"James Bowman","startTime":1128.808,"endTime":1132.603,"body":"And then I plugged in that nightly"},{"speaker":"James Bowman","startTime":1128.808,"endTime":1132.603,"body":"rate with I think I used like"},{"speaker":"James Bowman","startTime":1132.603,"endTime":1137.652,"body":"a 65% occupancy rate just to be"},{"speaker":"James Bowman","startTime":1132.603,"endTime":1137.652,"body":"conservative and it was cash flowing."},{"speaker":"James Bowman","startTime":1137.652,"endTime":1141.25,"body":"Again I did it very quickly because"},{"speaker":"James Bowman","startTime":1137.652,"endTime":1141.25,"body":"we're still going to be here at least"},{"speaker":"James Bowman","startTime":1141.25,"endTime":1142.51,"body":"for another six months to a year."},{"speaker":"James Bowman","startTime":1142.51,"endTime":1146.205,"body":"So I don't need to absolutely narrow"},{"speaker":"James Bowman","startTime":1142.51,"endTime":1146.205,"body":"down the numbers, but it gave me peace"},{"speaker":"James Bowman","startTime":1146.205,"endTime":1150.346,"body":"of mind to know all we can take off"},{"speaker":"James Bowman","startTime":1146.205,"endTime":1150.346,"body":"and this is going to become an asset."},{"speaker":"Mike Cavaggioni","startTime":1150.496,"endTime":1151.096,"body":"Absolutely."},{"speaker":"Mike Cavaggioni","startTime":1151.125,"endTime":1153.167,"body":"One of the things as you are"},{"speaker":"Mike Cavaggioni","startTime":1151.125,"endTime":1153.167,"body":"getting closer to do that,"},{"speaker":"Mike Cavaggioni","startTime":1153.167,"endTime":1154.307,"body":"definitely check out AirDNA."},{"speaker":"Mike Cavaggioni","startTime":1154.33,"endTime":1158.15,"body":"I know a bunch of people that do short"},{"speaker":"Mike Cavaggioni","startTime":1154.33,"endTime":1158.15,"body":"term rentals and they swear by AirDNA."},{"speaker":"Mike Cavaggioni","startTime":1158.63,"endTime":1162.51,"body":"It's so, it's very, so close to being"},{"speaker":"Mike Cavaggioni","startTime":1158.63,"endTime":1162.51,"body":"like a hundred percent accurate with"},{"speaker":"Mike Cavaggioni","startTime":1162.51,"endTime":1163.95,"body":"what your numbers are gonna look like."},{"speaker":"Mike Cavaggioni","startTime":1163.955,"endTime":1167.013,"body":"So it's definitely something to look"},{"speaker":"Mike Cavaggioni","startTime":1163.955,"endTime":1167.013,"body":"at as you move into the future, man,"},{"speaker":"Mike Cavaggioni","startTime":1167.013,"endTime":1169.056,"body":"that's James, this is awesome, dude."},{"speaker":"Mike Cavaggioni","startTime":1169.056,"endTime":1171.876,"body":"You're killing the game"},{"speaker":"Mike Cavaggioni","startTime":1169.056,"endTime":1171.876,"body":"right now at 23 years old."},{"speaker":"Mike Cavaggioni","startTime":1171.876,"endTime":1175.359,"body":"I mean, to have even just two"},{"speaker":"Mike Cavaggioni","startTime":1171.876,"endTime":1175.359,"body":"properties that are cash flowing"},{"speaker":"Mike Cavaggioni","startTime":1175.359,"endTime":1176.782,"body":"this much is significant."},{"speaker":"Mike Cavaggioni","startTime":1176.782,"endTime":1180.062,"body":"That right there is someone's paycheck,"},{"speaker":"Mike Cavaggioni","startTime":1176.782,"endTime":1180.062,"body":"which you're getting in rental."},{"speaker":"Mike Cavaggioni","startTime":1180.212,"endTime":1183.461,"body":"And of course as years go by, you've"},{"speaker":"Mike Cavaggioni","startTime":1180.212,"endTime":1183.461,"body":"got somebody else paying your mortgage"},{"speaker":"Mike Cavaggioni","startTime":1183.551,"endTime":1187.22,"body":"down, so you have an asset that's"},{"speaker":"Mike Cavaggioni","startTime":1183.551,"endTime":1187.22,"body":"appreciating value, the principal and"},{"speaker":"Mike Cavaggioni","startTime":1187.22,"endTime":1190.472,"body":"the mortgage is going down and, in"},{"speaker":"Mike Cavaggioni","startTime":1187.22,"endTime":1190.472,"body":"the future, you can always borrow from"},{"speaker":"Mike Cavaggioni","startTime":1190.472,"endTime":1192.362,"body":"those assets to go buy more assets."},{"speaker":"Mike Cavaggioni","startTime":1192.362,"endTime":1194.494,"body":"You've got yourself set"},{"speaker":"Mike Cavaggioni","startTime":1192.362,"endTime":1194.494,"body":"up in a really good spot."},{"speaker":"Mike Cavaggioni","startTime":1194.494,"endTime":1196.422,"body":"So I just wanted to point that out"},{"speaker":"Mike Cavaggioni","startTime":1194.494,"endTime":1196.422,"body":"for the people that are listening."},{"speaker":"Mike Cavaggioni","startTime":1196.422,"endTime":1199.842,"body":"He's 23 years old guys, he's 23 years"},{"speaker":"Mike Cavaggioni","startTime":1196.422,"endTime":1199.842,"body":"old, and this is what he's doing."},{"speaker":"Mike Cavaggioni","startTime":1199.842,"endTime":1202.482,"body":"So you can want a hundred"},{"speaker":"Mike Cavaggioni","startTime":1199.842,"endTime":1202.482,"body":"percent do it too."},{"speaker":"Mike Cavaggioni","startTime":1202.697,"endTime":1202.937,"body":"All right."},{"speaker":"Mike Cavaggioni","startTime":1202.937,"endTime":1203.277,"body":"So James."},{"speaker":"Mike Cavaggioni","startTime":1203.577,"endTime":1209.127,"body":"As you're trucking along in your own"},{"speaker":"Mike Cavaggioni","startTime":1203.577,"endTime":1209.127,"body":"personal journey to financial freedom."},{"speaker":"Mike Cavaggioni","startTime":1209.427,"endTime":1212.831,"body":"What other types of assets"},{"speaker":"Mike Cavaggioni","startTime":1209.427,"endTime":1212.831,"body":"do you play around with?"},{"speaker":"Mike Cavaggioni","startTime":1213.131,"endTime":1215.351,"body":"Or are you sticking with"},{"speaker":"Mike Cavaggioni","startTime":1213.131,"endTime":1215.351,"body":"just real estate right now?"},{"speaker":"Mike Cavaggioni","startTime":1215.351,"endTime":1218.291,"body":"Or do you maybe play with"},{"speaker":"Mike Cavaggioni","startTime":1215.351,"endTime":1218.291,"body":"cryptocurrency or do you invest"},{"speaker":"Mike Cavaggioni","startTime":1218.291,"endTime":1219.431,"body":"in the stock market at all?"},{"speaker":"James Bowman","startTime":1219.741,"endTime":1224.867,"body":"So I do invest in the stock"},{"speaker":"James Bowman","startTime":1219.741,"endTime":1224.867,"body":"market, but I'm a very lazy investor, as"},{"speaker":"James Bowman","startTime":1224.867,"endTime":1229.42,"body":"you could probably tell by my real estate,"},{"speaker":"James Bowman","startTime":1224.867,"endTime":1229.42,"body":"I buy and I've rent and that's it, I got"},{"speaker":"James Bowman","startTime":1229.425,"endTime":1231.46,"body":"the same thing with the stock market."},{"speaker":"James Bowman","startTime":1231.49,"endTime":1237.234,"body":"I buy my index funds using tax advantaged"},{"speaker":"James Bowman","startTime":1231.49,"endTime":1237.234,"body":"accounts and that's my retirement."},{"speaker":"James Bowman","startTime":1237.384,"endTime":1243.674,"body":"So I consider my retirement as my"},{"speaker":"James Bowman","startTime":1237.384,"endTime":1243.674,"body":"Roth IRA, 401k, things like that."},{"speaker":"James Bowman","startTime":1243.914,"endTime":1247.424,"body":"And I kind of use real"},{"speaker":"James Bowman","startTime":1243.914,"endTime":1247.424,"body":"estate as my retire early."},{"speaker":"James Bowman","startTime":1247.724,"endTime":1252.294,"body":"So even though I do, some in the"},{"speaker":"James Bowman","startTime":1247.724,"endTime":1252.294,"body":"stock market and buy index, I would"},{"speaker":"James Bowman","startTime":1252.294,"endTime":1259.074,"body":"say there's probably an 85% into"},{"speaker":"James Bowman","startTime":1252.294,"endTime":1259.074,"body":"real estate and 15% into index"},{"speaker":"James Bowman","startTime":1259.074,"endTime":1261.324,"body":"funds, but that's all I really touch."},{"speaker":"James Bowman","startTime":1261.339,"endTime":1264.905,"body":"I've had some business opportunities"},{"speaker":"James Bowman","startTime":1261.339,"endTime":1264.905,"body":"come up that could use investing, but"},{"speaker":"James Bowman","startTime":1264.905,"endTime":1268.499,"body":"I didn't feel comfortable enough in"},{"speaker":"James Bowman","startTime":1264.905,"endTime":1268.499,"body":"the business plans,  that's always"},{"speaker":"James Bowman","startTime":1268.499,"endTime":1271.379,"body":"something I'm looking into, I'm"},{"speaker":"James Bowman","startTime":1268.499,"endTime":1271.379,"body":"always open to doing private lending."},{"speaker":"James Bowman","startTime":1271.379,"endTime":1276.675,"body":"So I'm open to a bunch of things, but,"},{"speaker":"James Bowman","startTime":1271.379,"endTime":1276.675,"body":"right now my bread and butter has been"},{"speaker":"James Bowman","startTime":1276.915,"endTime":1280.905,"body":"between index funds in the stock market"},{"speaker":"James Bowman","startTime":1276.915,"endTime":1280.905,"body":"and real estate, as we talked about."},{"speaker":"James Bowman","startTime":1281.205,"endTime":1284.715,"body":"And I just wanna point out something"},{"speaker":"James Bowman","startTime":1281.205,"endTime":1284.715,"body":"real quick, just to give the listener"},{"speaker":"James Bowman","startTime":1284.72,"endTime":1290.189,"body":"something to chew on the first property"},{"speaker":"James Bowman","startTime":1284.72,"endTime":1290.189,"body":"I bought for 116, it's ended up"},{"speaker":"James Bowman","startTime":1290.194,"endTime":1295.859,"body":"since 2020, and this isn't a hundred"},{"speaker":"James Bowman","startTime":1290.194,"endTime":1295.859,"body":"percent accurate, but it's going off"},{"speaker":"James Bowman","startTime":1295.859,"endTime":1297.749,"body":"of appraised properties in the area."},{"speaker":"James Bowman","startTime":1297.899,"endTime":1301.339,"body":"So it's gone from 116 to 170."},{"speaker":"James Bowman","startTime":1301.601,"endTime":1304.571,"body":"And that has added to my net worth."},{"speaker":"James Bowman","startTime":1304.721,"endTime":1309.881,"body":"And that's how I'm tracking if I'm heading"},{"speaker":"James Bowman","startTime":1304.721,"endTime":1309.881,"body":"in the right direction, is I like to look"},{"speaker":"James Bowman","startTime":1309.881,"endTime":1311.891,"body":"at my net worth every six months or so."},{"speaker":"James Bowman","startTime":1312.161,"endTime":1315.632,"body":"So just for the listeners out there,"},{"speaker":"James Bowman","startTime":1312.161,"endTime":1315.632,"body":"this is just for my philosophy."},{"speaker":"James Bowman","startTime":1315.637,"endTime":1319.597,"body":"It's always time in the market,"},{"speaker":"James Bowman","startTime":1315.637,"endTime":1319.597,"body":"beats timing the market."},{"speaker":"James Bowman","startTime":1319.627,"endTime":1323.813,"body":"And I just so happen to time the"},{"speaker":"James Bowman","startTime":1319.627,"endTime":1323.813,"body":"market, with that purchase buying right"},{"speaker":"James Bowman","startTime":1323.813,"endTime":1329.043,"body":"before Corona, but I always encourage"},{"speaker":"James Bowman","startTime":1323.813,"endTime":1329.043,"body":"people to get out there and get it."},{"speaker":"James Bowman","startTime":1329.101,"endTime":1330.701,"body":"Get the asset under management."},{"speaker":"Mike Cavaggioni","startTime":1330.851,"endTime":1332.007,"body":"Yeah,"},{"speaker":"Mike Cavaggioni","startTime":1330.851,"endTime":1332.007,"body":"that sounds about right."},{"speaker":"Mike Cavaggioni","startTime":1332.007,"endTime":1332.637,"body":"And that."},{"speaker":"Mike Cavaggioni","startTime":1332.854,"endTime":1337.534,"body":"100% true, time in the market is"},{"speaker":"Mike Cavaggioni","startTime":1332.854,"endTime":1337.534,"body":"better than trying to time the market."},{"speaker":"Mike Cavaggioni","startTime":1337.534,"endTime":1338.734,"body":"You can't sit here and just wait."},{"speaker":"Mike Cavaggioni","startTime":1338.734,"endTime":1340.336,"body":"There's a lot of people that are"},{"speaker":"Mike Cavaggioni","startTime":1338.734,"endTime":1340.336,"body":"saying that right now, too oh, I'm"},{"speaker":"Mike Cavaggioni","startTime":1340.336,"endTime":1342.376,"body":"waiting for it to crash, waiting"},{"speaker":"Mike Cavaggioni","startTime":1340.336,"endTime":1342.376,"body":"for the real estate market to crash."},{"speaker":"Mike Cavaggioni","startTime":1342.646,"endTime":1343.816,"body":"You can be waiting a long time, man."},{"speaker":"Mike Cavaggioni","startTime":1343.936,"endTime":1347.097,"body":"You're gonna be waiting a long time"},{"speaker":"Mike Cavaggioni","startTime":1343.936,"endTime":1347.097,"body":"because a lot of experts are still"},{"speaker":"Mike Cavaggioni","startTime":1347.097,"endTime":1350.457,"body":"talking about this, that the fact"},{"speaker":"Mike Cavaggioni","startTime":1347.097,"endTime":1350.457,"body":"that inventory is still so super low."},{"speaker":"Mike Cavaggioni","startTime":1350.757,"endTime":1356.047,"body":"Sure, interest rates are really shooting"},{"speaker":"Mike Cavaggioni","startTime":1350.757,"endTime":1356.047,"body":"up right now and it makes it so the"},{"speaker":"Mike Cavaggioni","startTime":1356.047,"endTime":1358.267,"body":"affordability is more difficult, right?"},{"speaker":"Mike Cavaggioni","startTime":1358.267,"endTime":1363.055,"body":"So it's harder to afford homes right"},{"speaker":"Mike Cavaggioni","startTime":1358.267,"endTime":1363.055,"body":"now, but at the same time, inventory's"},{"speaker":"Mike Cavaggioni","startTime":1363.055,"endTime":1366.355,"body":"still low enough that people are still"},{"speaker":"Mike Cavaggioni","startTime":1363.055,"endTime":1366.355,"body":"trying to snatch these properties up."},{"speaker":"Mike Cavaggioni","startTime":1366.655,"endTime":1369.925,"body":"So we're still at a point where I"},{"speaker":"Mike Cavaggioni","startTime":1366.655,"endTime":1369.925,"body":"don't know if we're gonna see it coming"},{"speaker":"Mike Cavaggioni","startTime":1369.925,"endTime":1374.935,"body":"down anytime soon and if it does,"},{"speaker":"Mike Cavaggioni","startTime":1369.925,"endTime":1374.935,"body":"it's not gonna be like 2008, 2009."},{"speaker":"Mike Cavaggioni","startTime":1374.935,"endTime":1378.995,"body":"It's not gonna be like something crazy,"},{"speaker":"Mike Cavaggioni","startTime":1374.935,"endTime":1378.995,"body":"where you're gonna see like this 40% drop."},{"speaker":"Mike Cavaggioni","startTime":1378.995,"endTime":1383.33,"body":"I just don't see that happening because"},{"speaker":"Mike Cavaggioni","startTime":1378.995,"endTime":1383.33,"body":"these assets still, even before pre"},{"speaker":"Mike Cavaggioni","startTime":1383.335,"endTime":1387.81,"body":"pandemic, were still appreciating"},{"speaker":"Mike Cavaggioni","startTime":1383.335,"endTime":1387.81,"body":"3-5% every year, they probably"},{"speaker":"Mike Cavaggioni","startTime":1387.81,"endTime":1389.73,"body":"would've gone up 10% on their own."},{"speaker":"Mike Cavaggioni","startTime":1389.88,"endTime":1392.13,"body":"And to say that they would"},{"speaker":"Mike Cavaggioni","startTime":1389.88,"endTime":1392.13,"body":"drop like another 40."},{"speaker":"Mike Cavaggioni","startTime":1392.2,"endTime":1393.491,"body":"I just, I don't see that happening."},{"speaker":"Mike Cavaggioni","startTime":1393.491,"endTime":1395.436,"body":"But yeah, man, that's,"},{"speaker":"Mike Cavaggioni","startTime":1393.491,"endTime":1395.436,"body":"that is super awesome."},{"speaker":"Mike Cavaggioni","startTime":1395.436,"endTime":1398.586,"body":"So normally I would ask you like how"},{"speaker":"Mike Cavaggioni","startTime":1395.436,"endTime":1398.586,"body":"long you've been doing this stuff, but"},{"speaker":"Mike Cavaggioni","startTime":1398.591,"endTime":1402.216,"body":"it's not that long of a time and you've"},{"speaker":"Mike Cavaggioni","startTime":1398.591,"endTime":1402.216,"body":"already gotten yourself to a point."},{"speaker":"Mike Cavaggioni","startTime":1402.516,"endTime":1405.696,"body":"Where you're cash flowing your"},{"speaker":"Mike Cavaggioni","startTime":1402.516,"endTime":1405.696,"body":"cash flow, positive things"},{"speaker":"Mike Cavaggioni","startTime":1405.696,"endTime":1406.686,"body":"are working out pretty good."},{"speaker":"Mike Cavaggioni","startTime":1406.986,"endTime":1411.195,"body":"Now you did mention that, like your, you"},{"speaker":"Mike Cavaggioni","startTime":1406.986,"endTime":1411.195,"body":"have like your retirement accounts, right?"},{"speaker":"Mike Cavaggioni","startTime":1411.195,"endTime":1413.925,"body":"The stuff that you're investing in the"},{"speaker":"Mike Cavaggioni","startTime":1411.195,"endTime":1413.925,"body":"stock market, you have a, I believe"},{"speaker":"Mike Cavaggioni","startTime":1413.925,"endTime":1416.782,"body":"you said a Roth IRA account, or"},{"speaker":"Mike Cavaggioni","startTime":1413.925,"endTime":1416.782,"body":"you had a 401k or something, right?"},{"speaker":"Mike Cavaggioni","startTime":1416.857,"endTime":1420.174,"body":"So you have that going on, but at"},{"speaker":"Mike Cavaggioni","startTime":1416.857,"endTime":1420.174,"body":"the same time, you're looking at real"},{"speaker":"Mike Cavaggioni","startTime":1420.174,"endTime":1422.484,"body":"estate as you retire early mechanism."},{"speaker":"Mike Cavaggioni","startTime":1422.784,"endTime":1425.869,"body":"Now I I love the fire"},{"speaker":"Mike Cavaggioni","startTime":1422.784,"endTime":1425.869,"body":"movement, but I don't know."},{"speaker":"Mike Cavaggioni","startTime":1425.969,"endTime":1429.603,"body":"I, it's hard for me to follow because"},{"speaker":"Mike Cavaggioni","startTime":1425.969,"endTime":1429.603,"body":"sure, I wanna be financially independent"},{"speaker":"Mike Cavaggioni","startTime":1429.603,"endTime":1433.323,"body":"and retire early, but at the same time"},{"speaker":"Mike Cavaggioni","startTime":1429.603,"endTime":1433.323,"body":"that R word, I just don't like it, retire."},{"speaker":"Mike Cavaggioni","startTime":1433.323,"endTime":1435.963,"body":"I just, I feel like I'm gonna keep"},{"speaker":"Mike Cavaggioni","startTime":1433.323,"endTime":1435.963,"body":"going till the wheels fall off, man."},{"speaker":"Mike Cavaggioni","startTime":1435.968,"endTime":1438.723,"body":"I'm actually at the point where I'm gonna"},{"speaker":"Mike Cavaggioni","startTime":1435.968,"endTime":1438.723,"body":"be hitting financial independence this"},{"speaker":"Mike Cavaggioni","startTime":1438.723,"endTime":1444.223,"body":"year, at the age of 38 and it's I'm not"},{"speaker":"Mike Cavaggioni","startTime":1438.723,"endTime":1444.223,"body":"38 yet, but I will be when it happens."},{"speaker":"Mike Cavaggioni","startTime":1444.373,"endTime":1445.348,"body":"But anyway, it's."},{"speaker":"Mike Cavaggioni","startTime":1445.498,"endTime":1449.458,"body":"Looking at that, I don't see myself"},{"speaker":"Mike Cavaggioni","startTime":1445.498,"endTime":1449.458,"body":"stopping and just stopping what I'm"},{"speaker":"Mike Cavaggioni","startTime":1449.458,"endTime":1453.893,"body":"doing to just retire, because I feel"},{"speaker":"Mike Cavaggioni","startTime":1449.458,"endTime":1453.893,"body":"like at that point, I still have so"},{"speaker":"Mike Cavaggioni","startTime":1453.893,"endTime":1457.193,"body":"much more to give back and still so"},{"speaker":"Mike Cavaggioni","startTime":1453.893,"endTime":1457.193,"body":"much more to do as you do as well."},{"speaker":"Mike Cavaggioni","startTime":1457.433,"endTime":1461.94,"body":"And I'm sure you're gonna hit that"},{"speaker":"Mike Cavaggioni","startTime":1457.433,"endTime":1461.94,"body":"FI number at a much younger age than"},{"speaker":"Mike Cavaggioni","startTime":1461.94,"endTime":1463.38,"body":"I or many other people are doing it."},{"speaker":"Mike Cavaggioni","startTime":1463.38,"endTime":1465.523,"body":"Cuz you've already, you"},{"speaker":"Mike Cavaggioni","startTime":1463.38,"endTime":1465.523,"body":"started off early man."},{"speaker":"Mike Cavaggioni","startTime":1465.523,"endTime":1467.062,"body":"You started off at a very good point."},{"speaker":"Mike Cavaggioni","startTime":1467.062,"endTime":1468.249,"body":"Hats off to you, brother."},{"speaker":"Mike Cavaggioni","startTime":1468.549,"endTime":1469.689,"body":"You just keep that going."},{"speaker":"Mike Cavaggioni","startTime":1469.845,"endTime":1472.395,"body":"Now I want to ask you, because"},{"speaker":"Mike Cavaggioni","startTime":1469.845,"endTime":1472.395,"body":"you also have a podcast where"},{"speaker":"Mike Cavaggioni","startTime":1472.4,"endTime":1473.745,"body":"you talk about this stuff, right?"},{"speaker":"Mike Cavaggioni","startTime":1473.75,"endTime":1476.313,"body":"And you're trying to get this"},{"speaker":"Mike Cavaggioni","startTime":1473.75,"endTime":1476.313,"body":"message out to other people."},{"speaker":"Mike Cavaggioni","startTime":1476.463,"endTime":1480.41,"body":"Now, as you are sitting here teaching"},{"speaker":"Mike Cavaggioni","startTime":1476.463,"endTime":1480.41,"body":"others you're also a finance coach too."},{"speaker":"James Bowman","startTime":1480.577,"endTime":1480.997,"body":"Yep."},{"speaker":"James Bowman","startTime":1481.057,"endTime":1482.497,"body":"I do finance coaching too."},{"speaker":"Mike Cavaggioni","startTime":1482.527,"endTime":1483.247,"body":"I love that, man."},{"speaker":"Mike Cavaggioni","startTime":1483.285,"endTime":1484.025,"body":"I do that as well."},{"speaker":"Mike Cavaggioni","startTime":1484.025,"endTime":1486.81,"body":"I think what I like best about you"},{"speaker":"Mike Cavaggioni","startTime":1484.025,"endTime":1486.81,"body":"James, is that, you served in the"},{"speaker":"Mike Cavaggioni","startTime":1486.81,"endTime":1488.19,"body":"army, so thank you for your service."},{"speaker":"Mike Cavaggioni","startTime":1488.19,"endTime":1491.85,"body":"But even after getting out, you"},{"speaker":"Mike Cavaggioni","startTime":1488.19,"endTime":1491.85,"body":"still find a way to serve others,"},{"speaker":"Mike Cavaggioni","startTime":1491.892,"endTime":1494.382,"body":"and this is what you're doing with"},{"speaker":"Mike Cavaggioni","startTime":1491.892,"endTime":1494.382,"body":"your podcast and being a financial"},{"speaker":"Mike Cavaggioni","startTime":1494.412,"endTime":1496.04,"body":"coach, you're still serving others."},{"speaker":"Mike Cavaggioni","startTime":1496.31,"endTime":1500.397,"body":"And that just shows just how genuine"},{"speaker":"Mike Cavaggioni","startTime":1496.31,"endTime":1500.397,"body":"you are as a person in general."},{"speaker":"Mike Cavaggioni","startTime":1500.427,"endTime":1501.864,"body":"So thank you for that."},{"speaker":"Mike Cavaggioni","startTime":1502.014,"endTime":1505.237,"body":"But now as you're going through all"},{"speaker":"Mike Cavaggioni","startTime":1502.014,"endTime":1505.237,"body":"this, like you've learned so much and"},{"speaker":"Mike Cavaggioni","startTime":1505.237,"endTime":1506.857,"body":"you're already giving back so much."},{"speaker":"Mike Cavaggioni","startTime":1507.007,"endTime":1509.147,"body":"What is it that you enjoy the most?"},{"speaker":"Mike Cavaggioni","startTime":1509.147,"endTime":1512.807,"body":"Whether it's about doing your"},{"speaker":"Mike Cavaggioni","startTime":1509.147,"endTime":1512.807,"body":"podcast or the coaching or investing"},{"speaker":"Mike Cavaggioni","startTime":1512.841,"endTime":1514.381,"body":"what do you enjoy about all this?"},{"speaker":"James Bowman","startTime":1514.431,"endTime":1518.271,"body":"Mike, it's crazy that"},{"speaker":"James Bowman","startTime":1514.431,"endTime":1518.271,"body":"you asked this question because just"},{"speaker":"James Bowman","startTime":1518.271,"endTime":1523.602,"body":"today I was working on, posting more"},{"speaker":"James Bowman","startTime":1518.271,"endTime":1523.602,"body":"content on my Instagram and I was going"},{"speaker":"James Bowman","startTime":1523.602,"endTime":1529.122,"body":"through the testimonials that I've"},{"speaker":"James Bowman","startTime":1523.602,"endTime":1529.122,"body":"collected over the last six months."},{"speaker":"James Bowman","startTime":1529.422,"endTime":1534.385,"body":"And I'm having conversations with people"},{"speaker":"James Bowman","startTime":1529.422,"endTime":1534.385,"body":"who are actively, doing this thing,"},{"speaker":"James Bowman","startTime":1534.415,"endTime":1538.315,"body":"trying to get financially independent"},{"speaker":"James Bowman","startTime":1534.415,"endTime":1538.315,"body":"and going through the messages."},{"speaker":"James Bowman","startTime":1538.315,"endTime":1542.989,"body":"There are people that are paying off"},{"speaker":"James Bowman","startTime":1538.315,"endTime":1542.989,"body":"thousands and thousands of dollars"},{"speaker":"James Bowman","startTime":1542.989,"endTime":1547.288,"body":"in debt and getting outta cars that"},{"speaker":"James Bowman","startTime":1542.989,"endTime":1547.288,"body":"they knew they couldn't afford."},{"speaker":"James Bowman","startTime":1547.288,"endTime":1555.704,"body":"And so really, seeing the hope that"},{"speaker":"James Bowman","startTime":1547.288,"endTime":1555.704,"body":"fixing finances when you see that hope"},{"speaker":"James Bowman","startTime":1555.704,"endTime":1559.924,"body":"in someone's eyes, like first of all,"},{"speaker":"James Bowman","startTime":1555.704,"endTime":1559.924,"body":"the American dream is still alive."},{"speaker":"James Bowman","startTime":1560.074,"endTime":1563.344,"body":"I can do this regardless of X, Y, or Z."},{"speaker":"James Bowman","startTime":1563.644,"endTime":1568.384,"body":"That's what really gives"},{"speaker":"James Bowman","startTime":1563.644,"endTime":1568.384,"body":"me the will to keep going."},{"speaker":"James Bowman","startTime":1568.684,"endTime":1572.074,"body":"And one of the biggest difficulties"},{"speaker":"James Bowman","startTime":1568.684,"endTime":1572.074,"body":"I have, and I'm not sure if you've"},{"speaker":"James Bowman","startTime":1572.074,"endTime":1577.744,"body":"experienced it too, but the people who"},{"speaker":"James Bowman","startTime":1572.074,"endTime":1577.744,"body":"need financial literacy and financial"},{"speaker":"James Bowman","startTime":1577.744,"endTime":1580.384,"body":"coaching the most, they cannot afford it."},{"speaker":"James Bowman","startTime":1580.424,"endTime":1582.516,"body":"Let's just, let's call, a spade."},{"speaker":"James Bowman","startTime":1582.666,"endTime":1586.356,"body":"That's why I love the podcast"},{"speaker":"James Bowman","startTime":1582.666,"endTime":1586.356,"body":"because I am making it as I"},{"speaker":"James Bowman","startTime":1586.356,"endTime":1587.976,"body":"can't make it more affordable."},{"speaker":"James Bowman","startTime":1588.056,"endTime":1589.146,"body":"I can't, I can't."},{"speaker":"James Bowman","startTime":1589.146,"endTime":1593.046,"body":"So I'm putting the education out"},{"speaker":"James Bowman","startTime":1589.146,"endTime":1593.046,"body":"there for free, and that's why I"},{"speaker":"James Bowman","startTime":1593.051,"endTime":1594.996,"body":"do so much coaching even for free."},{"speaker":"James Bowman","startTime":1594.996,"endTime":1600.246,"body":"If I see someone really like really"},{"speaker":"James Bowman","startTime":1594.996,"endTime":1600.246,"body":"in a hard spot, like it's really not"},{"speaker":"James Bowman","startTime":1600.246,"endTime":1604.926,"body":"about the money at the end of the"},{"speaker":"James Bowman","startTime":1600.246,"endTime":1604.926,"body":"day, it's really about restoring hope"},{"speaker":"James Bowman","startTime":1605.226,"endTime":1609.966,"body":"and just inspiring people and letting"},{"speaker":"James Bowman","startTime":1605.226,"endTime":1609.966,"body":"'em know that it's still possible."},{"speaker":"James Bowman","startTime":1609.98,"endTime":1612.775,"body":"It's hard to explain"},{"speaker":"James Bowman","startTime":1609.98,"endTime":1612.775,"body":"if you haven't felt it."},{"speaker":"James Bowman","startTime":1612.775,"endTime":1613.355,"body":"You know what I mean?"},{"speaker":"Mike Cavaggioni","startTime":1613.426,"endTime":1615.226,"body":"James, I'm gonna"},{"speaker":"Mike Cavaggioni","startTime":1613.426,"endTime":1615.226,"body":"tell you right now, I get it."},{"speaker":"Mike Cavaggioni","startTime":1615.346,"endTime":1620.98,"body":"Cuz I have done quite a few free coaching"},{"speaker":"Mike Cavaggioni","startTime":1615.346,"endTime":1620.98,"body":"for some people that, they just were"},{"speaker":"Mike Cavaggioni","startTime":1620.98,"endTime":1625.03,"body":"in a spot and they couldn't afford,"},{"speaker":"Mike Cavaggioni","startTime":1620.98,"endTime":1625.03,"body":"to pay for anything but I have found"},{"speaker":"Mike Cavaggioni","startTime":1625.03,"endTime":1628.24,"body":"that a lot of people that I've helped"},{"speaker":"Mike Cavaggioni","startTime":1625.03,"endTime":1628.24,"body":"for free don't take the necessary"},{"speaker":"Mike Cavaggioni","startTime":1628.24,"endTime":1630.73,"body":"follow up actions, which kind sucks."},{"speaker":"Mike Cavaggioni","startTime":1631.03,"endTime":1632.735,"body":"And  I hate when that happens."},{"speaker":"Mike Cavaggioni","startTime":1632.985,"endTime":1636.62,"body":"But I think  the people that actually"},{"speaker":"Mike Cavaggioni","startTime":1632.985,"endTime":1636.62,"body":"do pay for the coaching feel more"},{"speaker":"Mike Cavaggioni","startTime":1636.8,"endTime":1639.799,"body":"committed because they felt like"},{"speaker":"Mike Cavaggioni","startTime":1636.8,"endTime":1639.799,"body":"they've obligated something to it."},{"speaker":"Mike Cavaggioni","startTime":1639.799,"endTime":1643.219,"body":"Sometimes it could be really tough"},{"speaker":"Mike Cavaggioni","startTime":1639.799,"endTime":1643.219,"body":"to do that, but the fact that you do"},{"speaker":"Mike Cavaggioni","startTime":1643.224,"endTime":1647.149,"body":"that too, man, I think is just awesome"},{"speaker":"Mike Cavaggioni","startTime":1643.224,"endTime":1647.149,"body":"because it's an act of service that"},{"speaker":"Mike Cavaggioni","startTime":1647.149,"endTime":1648.709,"body":"you're providing your podcast too."},{"speaker":"Mike Cavaggioni","startTime":1648.709,"endTime":1653.029,"body":"It's an active service that you're"},{"speaker":"Mike Cavaggioni","startTime":1648.709,"endTime":1653.029,"body":"providing to try to help educate,"},{"speaker":"Mike Cavaggioni","startTime":1653.305,"endTime":1656.581,"body":"other people in financial literacy"},{"speaker":"Mike Cavaggioni","startTime":1653.305,"endTime":1656.581,"body":"and be able to get that message out"},{"speaker":"Mike Cavaggioni","startTime":1656.59,"endTime":1659.14,"body":"even on social media with some of the"},{"speaker":"Mike Cavaggioni","startTime":1656.59,"endTime":1659.14,"body":"short clips that you've been doing."},{"speaker":"Mike Cavaggioni","startTime":1659.165,"endTime":1661.182,"body":"I've seen some of your most"},{"speaker":"Mike Cavaggioni","startTime":1659.165,"endTime":1661.182,"body":"recent Instagram posts, man."},{"speaker":"Mike Cavaggioni","startTime":1661.182,"endTime":1663.559,"body":"I've been sitting there clicking the"},{"speaker":"Mike Cavaggioni","startTime":1661.182,"endTime":1663.559,"body":"little hearts and stuff because it's"},{"speaker":"Mike Cavaggioni","startTime":1663.559,"endTime":1667.447,"body":"a good message, and that's the type"},{"speaker":"Mike Cavaggioni","startTime":1663.559,"endTime":1667.447,"body":"of stuff that I wanna see on my feed."},{"speaker":"Mike Cavaggioni","startTime":1667.447,"endTime":1670.483,"body":"That's the type of stuff that,"},{"speaker":"Mike Cavaggioni","startTime":1667.447,"endTime":1670.483,"body":"I think needs to be shared to"},{"speaker":"Mike Cavaggioni","startTime":1670.483,"endTime":1671.799,"body":"other people's feed as well."},{"speaker":"Mike Cavaggioni","startTime":1671.849,"endTime":1675.405,"body":"Yeah, man, I, the fact that you do"},{"speaker":"Mike Cavaggioni","startTime":1671.849,"endTime":1675.405,"body":"that I definitely appreciate that."},{"speaker":"Mike Cavaggioni","startTime":1675.405,"endTime":1678.945,"body":"And I feel some people might not"},{"speaker":"Mike Cavaggioni","startTime":1675.405,"endTime":1678.945,"body":"understand that, cuz they're not in,"},{"speaker":"Mike Cavaggioni","startTime":1679.125,"endTime":1680.865,"body":"in, I guess in our shoes or whatever."},{"speaker":"Mike Cavaggioni","startTime":1681.015,"endTime":1684.165,"body":"But at the same time, the fact"},{"speaker":"Mike Cavaggioni","startTime":1681.015,"endTime":1684.165,"body":"that you can actually give back"},{"speaker":"Mike Cavaggioni","startTime":1684.165,"endTime":1687.055,"body":"so much is what matters most."},{"speaker":"Mike Cavaggioni","startTime":1687.055,"endTime":1689.455,"body":"And again, it's not"},{"speaker":"Mike Cavaggioni","startTime":1687.055,"endTime":1689.455,"body":"about the money, right?"},{"speaker":"Mike Cavaggioni","startTime":1689.455,"endTime":1690.625,"body":"It's about the service."},{"speaker":"Mike Cavaggioni","startTime":1690.625,"endTime":1693.895,"body":"It's about providing the"},{"speaker":"Mike Cavaggioni","startTime":1690.625,"endTime":1693.895,"body":"tools and giving people."},{"speaker":"Mike Cavaggioni","startTime":1694.045,"endTime":1696.685,"body":"So again, I just wanna say"},{"speaker":"Mike Cavaggioni","startTime":1694.045,"endTime":1696.685,"body":"thank you for that James man."},{"speaker":"Mike Cavaggioni","startTime":1696.685,"endTime":1697.247,"body":"That's awesome."},{"speaker":"James Bowman","startTime":1697.397,"endTime":1697.667,"body":"Mike."},{"speaker":"James Bowman","startTime":1697.698,"endTime":1701.912,"body":"I really want to hit on something"},{"speaker":"James Bowman","startTime":1697.698,"endTime":1701.912,"body":"because you spoke volumes into it."},{"speaker":"James Bowman","startTime":1702.062,"endTime":1705.963,"body":"The only reason, and I'm"},{"speaker":"James Bowman","startTime":1702.062,"endTime":1705.963,"body":"saying this live on the air."},{"speaker":"James Bowman","startTime":1706.233,"endTime":1711.433,"body":"The only reason that I charge people"},{"speaker":"James Bowman","startTime":1706.233,"endTime":1711.433,"body":"is so they will take my time serious."},{"speaker":"James Bowman","startTime":1711.583,"endTime":1716.171,"body":"If every person that I scheduled a meeting"},{"speaker":"James Bowman","startTime":1711.583,"endTime":1716.171,"body":"with, if I had a hundred percent, if I"},{"speaker":"James Bowman","startTime":1716.176,"endTime":1720.771,"body":"knew a hundred percent, they were gonna"},{"speaker":"James Bowman","startTime":1716.176,"endTime":1720.771,"body":"show up and, embrace the advice I'm"},{"speaker":"James Bowman","startTime":1720.776,"endTime":1725.611,"body":"giving them and take actionable steps, I"},{"speaker":"James Bowman","startTime":1720.776,"endTime":1725.611,"body":"would a hundred percent do this for free."},{"speaker":"James Bowman","startTime":1725.911,"endTime":1730.087,"body":"The problem is, especially when I was"},{"speaker":"James Bowman","startTime":1725.911,"endTime":1730.087,"body":"doing, I was promoting a bunch of free"},{"speaker":"James Bowman","startTime":1730.087,"endTime":1735.93,"body":"free sit downs, free coaching, free full"},{"speaker":"James Bowman","startTime":1730.087,"endTime":1735.93,"body":"sessions, just to perfect my craft to"},{"speaker":"James Bowman","startTime":1735.93,"endTime":1738.57,"body":"make sure what I'm giving is the best."},{"speaker":"James Bowman","startTime":1738.87,"endTime":1742.2,"body":"The people would schedule and"},{"speaker":"James Bowman","startTime":1738.87,"endTime":1742.2,"body":"then they just wouldn't show up."},{"speaker":"James Bowman","startTime":1742.35,"endTime":1747.821,"body":"And it was like you're taking a spot from"},{"speaker":"James Bowman","startTime":1742.35,"endTime":1747.821,"body":"someone else who could have actually taken"},{"speaker":"James Bowman","startTime":1747.821,"endTime":1749.961,"body":"the advice and really benefit from it."},{"speaker":"James Bowman","startTime":1750.111,"endTime":1754.491,"body":"And that is the only reason that I"},{"speaker":"James Bowman","startTime":1750.111,"endTime":1754.491,"body":"truly started charging is just because"},{"speaker":"James Bowman","startTime":1754.491,"endTime":1757.281,"body":"I want people to take my time seriously."},{"speaker":"James Bowman","startTime":1757.281,"endTime":1760.911,"body":"And don't take an opportunity"},{"speaker":"James Bowman","startTime":1757.281,"endTime":1760.911,"body":"away from someone else."},{"speaker":"Mike Cavaggioni","startTime":1761.211,"endTime":1761.421,"body":"Yeah."},{"speaker":"Mike Cavaggioni","startTime":1761.422,"endTime":1765.352,"body":"It's an accountability thing too, cause"},{"speaker":"Mike Cavaggioni","startTime":1761.422,"endTime":1765.352,"body":"people will hold themselves accountable."},{"speaker":"Mike Cavaggioni","startTime":1765.652,"endTime":1769.012,"body":"If they spent money on a product"},{"speaker":"Mike Cavaggioni","startTime":1765.652,"endTime":1769.012,"body":"versus getting it for free."},{"speaker":"Mike Cavaggioni","startTime":1769.278,"endTime":1772.065,"body":"I've even seen it myself, all"},{"speaker":"Mike Cavaggioni","startTime":1769.278,"endTime":1772.065,"body":"the time I have T-Mobile right."},{"speaker":"Mike Cavaggioni","startTime":1772.065,"endTime":1773.835,"body":"So every Tuesday you get the stuff, right?"},{"speaker":"Mike Cavaggioni","startTime":1773.835,"endTime":1775.605,"body":"Oh, I got like free whatever."},{"speaker":"Mike Cavaggioni","startTime":1775.787,"endTime":1777.587,"body":"I never, I redeemed these coupons."},{"speaker":"Mike Cavaggioni","startTime":1777.587,"endTime":1778.517,"body":"I never use 'em."},{"speaker":"Mike Cavaggioni","startTime":1778.517,"endTime":1781.332,"body":"I never use 'em they just sit"},{"speaker":"Mike Cavaggioni","startTime":1778.517,"endTime":1781.332,"body":"there and then I'm like, oh my."},{"speaker":"Mike Cavaggioni","startTime":1781.632,"endTime":1783.522,"body":"$3 at dunking donuts expired."},{"speaker":"Mike Cavaggioni","startTime":1783.522,"endTime":1786.982,"body":"Darn I, I can't go get my coffee for"},{"speaker":"Mike Cavaggioni","startTime":1783.522,"endTime":1786.982,"body":"free that I wanted, and the funny"},{"speaker":"Mike Cavaggioni","startTime":1786.982,"endTime":1788.682,"body":"thing is because I didn't pay for it."},{"speaker":"Mike Cavaggioni","startTime":1788.682,"endTime":1790.392,"body":"There was no accountability there."},{"speaker":"Mike Cavaggioni","startTime":1790.45,"endTime":1791.453,"body":"Yeah that's huge, man."},{"speaker":"Mike Cavaggioni","startTime":1791.453,"endTime":1794.466,"body":"So I'm glad to see, I'm not the"},{"speaker":"Mike Cavaggioni","startTime":1791.453,"endTime":1794.466,"body":"only person that's had that happen."},{"speaker":"Mike Cavaggioni","startTime":1794.617,"endTime":1797.76,"body":"Where, people that you're working with"},{"speaker":"Mike Cavaggioni","startTime":1794.617,"endTime":1797.76,"body":"for free, just don't take it seriously."},{"speaker":"Mike Cavaggioni","startTime":1797.788,"endTime":1800.773,"body":"But yeah, man, you're doing some really"},{"speaker":"Mike Cavaggioni","startTime":1797.788,"endTime":1800.773,"body":"awesome things and I can tell that"},{"speaker":"Mike Cavaggioni","startTime":1800.773,"endTime":1804.703,"body":"you enjoy, you genuinely enjoy what"},{"speaker":"Mike Cavaggioni","startTime":1800.773,"endTime":1804.703,"body":"you're doing when you do your podcast."},{"speaker":"Mike Cavaggioni","startTime":1804.703,"endTime":1807.678,"body":"When you put out the products that you"},{"speaker":"Mike Cavaggioni","startTime":1804.703,"endTime":1807.678,"body":"put out, also in you're coaching, and"},{"speaker":"Mike Cavaggioni","startTime":1807.683,"endTime":1810.678,"body":"for those of you that haven't listened"},{"speaker":"Mike Cavaggioni","startTime":1807.683,"endTime":1810.678,"body":"to as podcast, go give it a listen."},{"speaker":"Mike Cavaggioni","startTime":1810.678,"endTime":1814.367,"body":"He's gonna talk about it probably at"},{"speaker":"Mike Cavaggioni","startTime":1810.678,"endTime":1814.367,"body":"the end here, but gen Z money podcast."},{"speaker":"Mike Cavaggioni","startTime":1814.367,"endTime":1814.967,"body":"It's awesome."},{"speaker":"Mike Cavaggioni","startTime":1815.177,"endTime":1817.367,"body":"Episode 14, I think was his best one yet."},{"speaker":"Mike Cavaggioni","startTime":1817.397,"endTime":1818.807,"body":"Cuz that's the one I was a guest on."},{"speaker":"Mike Cavaggioni","startTime":1819.062,"endTime":1820.442,"body":"I'm just saying, throwing it out there."},{"speaker":"Mike Cavaggioni","startTime":1820.682,"endTime":1821.042,"body":"Kidding."},{"speaker":"Mike Cavaggioni","startTime":1821.204,"endTime":1822.085,"body":"But but yeah, man."},{"speaker":"Mike Cavaggioni","startTime":1822.117,"endTime":1825.029,"body":"James I'd like to go into"},{"speaker":"Mike Cavaggioni","startTime":1822.117,"endTime":1825.029,"body":"something right now that we started"},{"speaker":"Mike Cavaggioni","startTime":1825.029,"endTime":1826.619,"body":"doing called the final round."},{"speaker":"Mike Cavaggioni","startTime":1826.649,"endTime":1827.039,"body":"Okay."},{"speaker":"Mike Cavaggioni","startTime":1827.039,"endTime":1829.788,"body":"And these are gonna be like four"},{"speaker":"Mike Cavaggioni","startTime":1827.039,"endTime":1829.788,"body":"kind of hard-hitting questions."},{"speaker":"Mike Cavaggioni","startTime":1829.844,"endTime":1832.724,"body":"Really three hard hitting questions"},{"speaker":"Mike Cavaggioni","startTime":1829.844,"endTime":1832.724,"body":"and then an opinion question."},{"speaker":"Mike Cavaggioni","startTime":1832.941,"endTime":1837.257,"body":"And this is to get to the core"},{"speaker":"Mike Cavaggioni","startTime":1832.941,"endTime":1837.257,"body":"of who you are and how you got to"},{"speaker":"Mike Cavaggioni","startTime":1837.257,"endTime":1839.957,"body":"where you are, which I think our"},{"speaker":"Mike Cavaggioni","startTime":1837.257,"endTime":1839.957,"body":"listeners get it right now with you"},{"speaker":"Mike Cavaggioni","startTime":1839.957,"endTime":1841.838,"body":"because you're just that genuine man."},{"speaker":"Mike Cavaggioni","startTime":1841.838,"endTime":1844.837,"body":"So if you're ready, We'll we'll"},{"speaker":"Mike Cavaggioni","startTime":1841.838,"endTime":1844.837,"body":"get this party started and go"},{"speaker":"Mike Cavaggioni","startTime":1844.837,"endTime":1845.915,"body":"right into the final round."},{"speaker":"James Bowman","startTime":1846.065,"endTime":1847.865,"body":"I am just"},{"speaker":"James Bowman","startTime":1846.065,"endTime":1847.865,"body":"as ready as you are, man."},{"speaker":"James Bowman","startTime":1847.865,"endTime":1848.405,"body":"Let's do it."},{"speaker":"Mike Cavaggioni","startTime":1848.705,"endTime":1849.455,"body":"All right fantastic."},{"speaker":"Mike Cavaggioni","startTime":1849.455,"endTime":1851.947,"body":"I didn't even realize man, as we're"},{"speaker":"Mike Cavaggioni","startTime":1849.455,"endTime":1851.947,"body":"talking, like how much time's going by."},{"speaker":"Mike Cavaggioni","startTime":1851.947,"endTime":1854.58,"body":"Cause I just love chopping it up"},{"speaker":"Mike Cavaggioni","startTime":1851.947,"endTime":1854.58,"body":"with you because when you have two"},{"speaker":"Mike Cavaggioni","startTime":1854.58,"endTime":1858.27,"body":"like-minded people that are doing like"},{"speaker":"Mike Cavaggioni","startTime":1854.58,"endTime":1858.27,"body":"similar things, man, we could sit here"},{"speaker":"Mike Cavaggioni","startTime":1858.275,"endTime":1859.74,"body":"and talk about this stuff for days."},{"speaker":"Mike Cavaggioni","startTime":1859.74,"endTime":1861.27,"body":"I'm not talking about hours days."},{"speaker":"Mike Cavaggioni","startTime":1861.57,"endTime":1861.87,"body":"Okay."},{"speaker":"Mike Cavaggioni","startTime":1861.926,"endTime":1862.628,"body":"All right, here we go."},{"speaker":"Mike Cavaggioni","startTime":1862.778,"endTime":1863.468,"body":"First question."},{"speaker":"Mike Cavaggioni","startTime":1863.618,"endTime":1865.136,"body":"It's probably not a lot"},{"speaker":"Mike Cavaggioni","startTime":1863.618,"endTime":1865.136,"body":"of time in this right."},{"speaker":"Mike Cavaggioni","startTime":1865.136,"endTime":1866.216,"body":"Between 18 and 23."},{"speaker":"Mike Cavaggioni","startTime":1866.216,"endTime":1869.45,"body":"However, what would you say is the"},{"speaker":"Mike Cavaggioni","startTime":1866.216,"endTime":1869.45,"body":"biggest mistake you've ever made?"},{"speaker":"James Bowman","startTime":1869.75,"endTime":1872.54,"body":"The biggest"},{"speaker":"James Bowman","startTime":1869.75,"endTime":1872.54,"body":"mistake I've ever made and we're"},{"speaker":"James Bowman","startTime":1872.54,"endTime":1874.4,"body":"talking financial mistake, right?"},{"speaker":"Mike Cavaggioni","startTime":1874.52,"endTime":1875.0,"body":"Correct."},{"speaker":"James Bowman","startTime":1875.3,"endTime":1877.072,"body":"Yeah,"},{"speaker":"James Bowman","startTime":1875.3,"endTime":1877.072,"body":"that's an easy one, man."},{"speaker":"James Bowman","startTime":1877.093,"endTime":1884.783,"body":"It was purchasing the car because it"},{"speaker":"James Bowman","startTime":1877.093,"endTime":1884.783,"body":"showed me that I had no discipline and"},{"speaker":"James Bowman","startTime":1884.783,"endTime":1887.273,"body":"I was letting someone else dictate."},{"speaker":"James Bowman","startTime":1887.573,"endTime":1890.873,"body":"What I needed to do, my"},{"speaker":"James Bowman","startTime":1887.573,"endTime":1890.873,"body":"friends were telling me, Hey,"},{"speaker":"James Bowman","startTime":1890.873,"endTime":1891.803,"body":"you just got your tax fund."},{"speaker":"James Bowman","startTime":1891.803,"endTime":1893.033,"body":"I'm like, why don't you just go buy a car?"},{"speaker":"James Bowman","startTime":1893.033,"endTime":1893.873,"body":"You need a car."},{"speaker":"James Bowman","startTime":1894.083,"endTime":1895.823,"body":"So they're dictating my actions."},{"speaker":"James Bowman","startTime":1895.823,"endTime":1899.324,"body":"And then I get to the dealership"},{"speaker":"James Bowman","startTime":1895.823,"endTime":1899.324,"body":"and the car salesman is"},{"speaker":"James Bowman","startTime":1899.329,"endTime":1900.434,"body":"telling me what I'm gonna pay."},{"speaker":"James Bowman","startTime":1900.434,"endTime":1901.934,"body":"I'm not doing any negotiating."},{"speaker":"James Bowman","startTime":1902.234,"endTime":1906.044,"body":"I'm just like, Hey, I got preapproved for"},{"speaker":"James Bowman","startTime":1902.234,"endTime":1906.044,"body":"this, I have this much in my bank account."},{"speaker":"James Bowman","startTime":1906.344,"endTime":1908.144,"body":"And I gave them free range."},{"speaker":"James Bowman","startTime":1908.144,"endTime":1909.614,"body":"And so they were telling me what to do."},{"speaker":"James Bowman","startTime":1909.614,"endTime":1914.534,"body":"And I had absolutely no control"},{"speaker":"James Bowman","startTime":1909.614,"endTime":1914.534,"body":"over anything in that situation."},{"speaker":"James Bowman","startTime":1914.714,"endTime":1918.194,"body":"And I vowed from that day to"},{"speaker":"James Bowman","startTime":1914.714,"endTime":1918.194,"body":"never let it happen again."},{"speaker":"James Bowman","startTime":1918.494,"endTime":1921.104,"body":"So that is my biggest financial mistake."},{"speaker":"Mike Cavaggioni","startTime":1921.304,"endTime":1922.054,"body":"I appreciate that."},{"speaker":"Mike Cavaggioni","startTime":1922.054,"endTime":1924.754,"body":"And I figured that's what it was"},{"speaker":"Mike Cavaggioni","startTime":1922.054,"endTime":1924.754,"body":"gonna be, but, going a little"},{"speaker":"Mike Cavaggioni","startTime":1924.754,"endTime":1926.144,"body":"more in depth to it there too."},{"speaker":"Mike Cavaggioni","startTime":1926.154,"endTime":1929.153,"body":"Like really shows the vulnerability"},{"speaker":"Mike Cavaggioni","startTime":1926.154,"endTime":1929.153,"body":"that you had there, right?"},{"speaker":"Mike Cavaggioni","startTime":1929.158,"endTime":1933.589,"body":"Because you were letting all the outside"},{"speaker":"Mike Cavaggioni","startTime":1929.158,"endTime":1933.589,"body":"entities influence your decision instead"},{"speaker":"Mike Cavaggioni","startTime":1933.589,"endTime":1935.149,"body":"of making that decision for yourself."},{"speaker":"Mike Cavaggioni","startTime":1935.149,"endTime":1937.123,"body":"Got peer pressured by"},{"speaker":"Mike Cavaggioni","startTime":1935.149,"endTime":1937.123,"body":"all your other, peers."},{"speaker":"Mike Cavaggioni","startTime":1937.123,"endTime":1939.793,"body":"They're saying, come on, man, you"},{"speaker":"Mike Cavaggioni","startTime":1937.123,"endTime":1939.793,"body":"need a car, you just got to the unit."},{"speaker":"Mike Cavaggioni","startTime":1939.861,"endTime":1941.331,"body":"And then showing up there."},{"speaker":"Mike Cavaggioni","startTime":1941.484,"endTime":1944.994,"body":"And thinking you're doing the right thing"},{"speaker":"Mike Cavaggioni","startTime":1941.484,"endTime":1944.994,"body":"by saying, Hey, yeah, I've got this much"},{"speaker":"Mike Cavaggioni","startTime":1944.994,"endTime":1947.514,"body":"to put down I'm preapproved for this much."},{"speaker":"Mike Cavaggioni","startTime":1947.514,"endTime":1951.414,"body":"The car salesman was like, okay"},{"speaker":"Mike Cavaggioni","startTime":1947.514,"endTime":1951.414,"body":"buddy, then you can afford this"},{"speaker":"Mike Cavaggioni","startTime":1951.419,"endTime":1952.665,"body":"and let's get the paperwork done."},{"speaker":"Mike Cavaggioni","startTime":1952.67,"endTime":1955.603,"body":"So yeah I could see that, man, cuz"},{"speaker":"Mike Cavaggioni","startTime":1952.67,"endTime":1955.603,"body":"there's again, there are people"},{"speaker":"Mike Cavaggioni","startTime":1955.603,"endTime":1956.803,"body":"out there that are not genuine."},{"speaker":"Mike Cavaggioni","startTime":1957.103,"endTime":1959.454,"body":"And no, no hating on car dealers."},{"speaker":"Mike Cavaggioni","startTime":1959.482,"endTime":1963.025,"body":"There's some really good people out there"},{"speaker":"Mike Cavaggioni","startTime":1959.482,"endTime":1963.025,"body":"that do that as a profession, but man, a"},{"speaker":"Mike Cavaggioni","startTime":1963.025,"endTime":1966.057,"body":"lot of times you hear about this all the"},{"speaker":"Mike Cavaggioni","startTime":1963.025,"endTime":1966.057,"body":"time, people getting taken advantage of."},{"speaker":"Mike Cavaggioni","startTime":1966.057,"endTime":1966.417,"body":"Yeah."},{"speaker":"Mike Cavaggioni","startTime":1966.567,"endTime":1966.837,"body":"Yeah."},{"speaker":"Mike Cavaggioni","startTime":1966.837,"endTime":1967.527,"body":"I feel that."},{"speaker":"Mike Cavaggioni","startTime":1967.777,"endTime":1969.363,"body":"Alright Hey, next question, James."},{"speaker":"Mike Cavaggioni","startTime":1969.375,"endTime":1972.33,"body":"What is something that you've"},{"speaker":"Mike Cavaggioni","startTime":1969.375,"endTime":1972.33,"body":"learned that you wish you knew"},{"speaker":"Mike Cavaggioni","startTime":1972.33,"endTime":1973.92,"body":"when you first got started?"},{"speaker":"Mike Cavaggioni","startTime":1973.92,"endTime":1976.11,"body":"I'm talking about whether you,"},{"speaker":"Mike Cavaggioni","startTime":1973.92,"endTime":1976.11,"body":"when you first got started real"},{"speaker":"Mike Cavaggioni","startTime":1976.11,"endTime":1978.67,"body":"estate investing or when you first"},{"speaker":"Mike Cavaggioni","startTime":1976.11,"endTime":1978.67,"body":"started your financial journey."},{"speaker":"James Bowman","startTime":1978.84,"endTime":1981.011,"body":"Yeah, that Mike,"},{"speaker":"James Bowman","startTime":1978.84,"endTime":1981.011,"body":"that I think that's a hard one."},{"speaker":"James Bowman","startTime":1981.011,"endTime":1983.811,"body":"So something I wish I learned."},{"speaker":"James Bowman","startTime":1983.961,"endTime":1990.771,"body":"And my first instinct is to say the power"},{"speaker":"James Bowman","startTime":1983.961,"endTime":1990.771,"body":"of compound interest, but I think I still"},{"speaker":"James Bowman","startTime":1990.776,"endTime":1993.831,"body":"am pretty darn close to maximizing that."},{"speaker":"James Bowman","startTime":1994.131,"endTime":1999.591,"body":"So I would probably, I would"},{"speaker":"James Bowman","startTime":1994.131,"endTime":1999.591,"body":"say the power of real estate."},{"speaker":"James Bowman","startTime":1999.751,"endTime":2003.621,"body":"And what I mean by that is even"},{"speaker":"James Bowman","startTime":1999.751,"endTime":2003.621,"body":"when I purchased my first home,"},{"speaker":"James Bowman","startTime":2003.891,"endTime":2006.621,"body":"I didn't know about appreciation."},{"speaker":"James Bowman","startTime":2006.621,"endTime":2008.961,"body":"I did not know about depreciation."},{"speaker":"James Bowman","startTime":2008.991,"endTime":2013.311,"body":"I did not know about any of"},{"speaker":"James Bowman","startTime":2008.991,"endTime":2013.311,"body":"these things that make real"},{"speaker":"James Bowman","startTime":2013.311,"endTime":2015.321,"body":"estate such a good investment."},{"speaker":"James Bowman","startTime":2015.621,"endTime":2020.601,"body":"So knowing that earlier, I may"},{"speaker":"James Bowman","startTime":2015.621,"endTime":2020.601,"body":"have bought a home a lot earlier."},{"speaker":"James Bowman","startTime":2020.901,"endTime":2026.38,"body":"And I remember, just real quick story,"},{"speaker":"James Bowman","startTime":2020.901,"endTime":2026.38,"body":"I went to go renew my lease and I"},{"speaker":"James Bowman","startTime":2026.38,"endTime":2029.59,"body":"just sent my wife into the property"},{"speaker":"James Bowman","startTime":2026.38,"endTime":2029.59,"body":"management office to renew it."},{"speaker":"James Bowman","startTime":2029.757,"endTime":2032.427,"body":"And an agent ended up coming out with her."},{"speaker":"James Bowman","startTime":2032.487,"endTime":2034.287,"body":"And then he pulled us"},{"speaker":"James Bowman","startTime":2032.487,"endTime":2034.287,"body":"both into the office."},{"speaker":"James Bowman","startTime":2034.287,"endTime":2037.767,"body":"He's telling us how good of an"},{"speaker":"James Bowman","startTime":2034.287,"endTime":2037.767,"body":"investment real estate is in."},{"speaker":"James Bowman","startTime":2037.772,"endTime":2039.567,"body":"And I just was not hearing it, man."},{"speaker":"James Bowman","startTime":2039.807,"endTime":2042.087,"body":"I was like, look, I'm just"},{"speaker":"James Bowman","startTime":2039.807,"endTime":2042.087,"body":"trying to rent my apartment."},{"speaker":"James Bowman","startTime":2042.387,"endTime":2044.127,"body":"And I wish I would've taken that."},{"speaker":"James Bowman","startTime":2044.427,"endTime":2049.387,"body":"I would've taken that more, strongly, but"},{"speaker":"James Bowman","startTime":2044.427,"endTime":2049.387,"body":"again, I don't wanna, I don't wanna be"},{"speaker":"James Bowman","startTime":2049.387,"endTime":2054.157,"body":"like a poor little birdie because I still"},{"speaker":"James Bowman","startTime":2049.387,"endTime":2054.157,"body":"got the privilege to start as early as I."},{"speaker":"Mike Cavaggioni","startTime":2054.457,"endTime":2055.447,"body":"Yeah, absolutely."},{"speaker":"Mike Cavaggioni","startTime":2055.447,"endTime":2057.735,"body":"And the opportunity's"},{"speaker":"Mike Cavaggioni","startTime":2055.447,"endTime":2057.735,"body":"always gonna be there."},{"speaker":"Mike Cavaggioni","startTime":2057.735,"endTime":2060.495,"body":"It's gonna be when you actually"},{"speaker":"Mike Cavaggioni","startTime":2057.735,"endTime":2060.495,"body":"take the action and start"},{"speaker":"Mike Cavaggioni","startTime":2060.555,"endTime":2062.085,"body":"acting on those opportunities."},{"speaker":"Mike Cavaggioni","startTime":2062.248,"endTime":2065.195,"body":"And I'm a firm believer and everything"},{"speaker":"Mike Cavaggioni","startTime":2062.248,"endTime":2065.195,"body":"happens for a reason, James."},{"speaker":"Mike Cavaggioni","startTime":2065.195,"endTime":2067.902,"body":"So you know, that just wasn't"},{"speaker":"Mike Cavaggioni","startTime":2065.195,"endTime":2067.902,"body":"the right time for you."},{"speaker":"Mike Cavaggioni","startTime":2067.942,"endTime":2070.342,"body":"You mentally just weren't"},{"speaker":"Mike Cavaggioni","startTime":2067.942,"endTime":2070.342,"body":"ready yet to get started."},{"speaker":"Mike Cavaggioni","startTime":2070.642,"endTime":2073.222,"body":"And when you did start, you"},{"speaker":"Mike Cavaggioni","startTime":2070.642,"endTime":2073.222,"body":"started at the right time."},{"speaker":"Mike Cavaggioni","startTime":2073.222,"endTime":2074.642,"body":"That was right for you and your wife."},{"speaker":"Mike Cavaggioni","startTime":2074.792,"endTime":2079.666,"body":"Again, congratulations, because you"},{"speaker":"Mike Cavaggioni","startTime":2074.792,"endTime":2079.666,"body":"still started at a very young age"},{"speaker":"Mike Cavaggioni","startTime":2079.666,"endTime":2082.883,"body":"and you're getting yourself to the"},{"speaker":"Mike Cavaggioni","startTime":2079.666,"endTime":2082.883,"body":"point where, people in my generation"},{"speaker":"Mike Cavaggioni","startTime":2082.883,"endTime":2085.553,"body":"and my age will be very envious of"},{"speaker":"Mike Cavaggioni","startTime":2082.883,"endTime":2085.553,"body":"the position you're in right now."},{"speaker":"Mike Cavaggioni","startTime":2085.553,"endTime":2089.363,"body":"I wish at the age of 23, I wasn't"},{"speaker":"Mike Cavaggioni","startTime":2085.553,"endTime":2089.363,"body":"messing around and doing stupid"},{"speaker":"Mike Cavaggioni","startTime":2089.363,"endTime":2092.912,"body":"things with what I was spending my"},{"speaker":"Mike Cavaggioni","startTime":2089.363,"endTime":2092.912,"body":"money on and purchase like that."},{"speaker":"Mike Cavaggioni","startTime":2093.032,"endTime":2094.761,"body":"I did purchase my first home at 22."},{"speaker":"Mike Cavaggioni","startTime":2094.911,"endTime":2099.341,"body":"And I did rent it out eventually, but"},{"speaker":"Mike Cavaggioni","startTime":2094.911,"endTime":2099.341,"body":"that was an accidental landlord and"},{"speaker":"Mike Cavaggioni","startTime":2099.341,"endTime":2101.531,"body":"I was losing like $400 a month on it."},{"speaker":"Mike Cavaggioni","startTime":2101.531,"endTime":2104.861,"body":"So a little bit different than"},{"speaker":"Mike Cavaggioni","startTime":2101.531,"endTime":2104.861,"body":"cash flowing, $400 a month."},{"speaker":"Mike Cavaggioni","startTime":2104.866,"endTime":2108.875,"body":"But yeah, the fact that you're doing"},{"speaker":"Mike Cavaggioni","startTime":2104.866,"endTime":2108.875,"body":"it now and got yourself in the position"},{"speaker":"Mike Cavaggioni","startTime":2108.875,"endTime":2111.983,"body":"that you're in, it all happened"},{"speaker":"Mike Cavaggioni","startTime":2108.875,"endTime":2111.983,"body":"when it was supposed to happen."},{"speaker":"Mike Cavaggioni","startTime":2111.983,"endTime":2113.243,"body":"Just keep crushing it with that."},{"speaker":"Mike Cavaggioni","startTime":2113.393,"endTime":2118.086,"body":"All the next question I have, and this"},{"speaker":"Mike Cavaggioni","startTime":2113.393,"endTime":2118.086,"body":"is, This is probably gonna, again, these"},{"speaker":"Mike Cavaggioni","startTime":2118.086,"endTime":2121.866,"body":"all kind of tie into each other, but this"},{"speaker":"Mike Cavaggioni","startTime":2118.086,"endTime":2121.866,"body":"will tie in probably more to what it is"},{"speaker":"Mike Cavaggioni","startTime":2122.106,"endTime":2125.616,"body":"that you do right now with your acts of"},{"speaker":"Mike Cavaggioni","startTime":2122.106,"endTime":2125.616,"body":"service with your podcast and coaching."},{"speaker":"Mike Cavaggioni","startTime":2125.916,"endTime":2129.906,"body":"But do you have any tips or tricks"},{"speaker":"Mike Cavaggioni","startTime":2125.916,"endTime":2129.906,"body":"that you would recommend to someone"},{"speaker":"Mike Cavaggioni","startTime":2129.906,"endTime":2132.096,"body":"that is just getting started today?"},{"speaker":"Mike Cavaggioni","startTime":2132.246,"endTime":2134.616,"body":"That's actually a really"},{"speaker":"Mike Cavaggioni","startTime":2132.246,"endTime":2134.616,"body":"easy one for me, Mike."},{"speaker":"Mike Cavaggioni","startTime":2134.794,"endTime":2139.094,"body":"A lot of my content is based"},{"speaker":"Mike Cavaggioni","startTime":2134.794,"endTime":2139.094,"body":"around taking accountability."},{"speaker":"Mike Cavaggioni","startTime":2139.394,"endTime":2143.594,"body":"So oftentimes, and I'm not just"},{"speaker":"Mike Cavaggioni","startTime":2139.394,"endTime":2143.594,"body":"gonna say it's gen Z because I"},{"speaker":"Mike Cavaggioni","startTime":2143.594,"endTime":2145.904,"body":"think it is every generation."},{"speaker":"Mike Cavaggioni","startTime":2146.054,"endTime":2152.314,"body":"It is very easy to blame someone else for"},{"speaker":"Mike Cavaggioni","startTime":2146.054,"endTime":2152.314,"body":"you not taking action or you not being"},{"speaker":"Mike Cavaggioni","startTime":2152.314,"endTime":2154.474,"body":"able to take action and things like that."},{"speaker":"Mike Cavaggioni","startTime":2154.774,"endTime":2159.484,"body":"And it's a different level of"},{"speaker":"Mike Cavaggioni","startTime":2154.774,"endTime":2159.484,"body":"maturity when you can put the"},{"speaker":"Mike Cavaggioni","startTime":2159.489,"endTime":2161.044,"body":"accountability on yourself."},{"speaker":"Mike Cavaggioni","startTime":2161.194,"endTime":2163.534,"body":"I am the reason that"},{"speaker":"Mike Cavaggioni","startTime":2161.194,"endTime":2163.534,"body":"I'm not taking action."},{"speaker":"Mike Cavaggioni","startTime":2163.564,"endTime":2167.224,"body":"I am the reason that I'm"},{"speaker":"Mike Cavaggioni","startTime":2163.564,"endTime":2167.224,"body":"$50,000 in credit card debt."},{"speaker":"Mike Cavaggioni","startTime":2167.224,"endTime":2171.096,"body":"And I can't qualify for a mortgage or,"},{"speaker":"Mike Cavaggioni","startTime":2167.224,"endTime":2171.096,"body":"all of these crazy things that go on."},{"speaker":"Mike Cavaggioni","startTime":2171.287,"endTime":2176.894,"body":"So I always say that is the first step"},{"speaker":"Mike Cavaggioni","startTime":2171.287,"endTime":2176.894,"body":"for anybody when you're gonna do anything."},{"speaker":"Mike Cavaggioni","startTime":2176.894,"endTime":2179.714,"body":"If you want to get started in finance,"},{"speaker":"Mike Cavaggioni","startTime":2176.894,"endTime":2179.714,"body":"you need to take accountability of the"},{"speaker":"Mike Cavaggioni","startTime":2179.719,"endTime":2184.994,"body":"choices you've made and make better"},{"speaker":"Mike Cavaggioni","startTime":2179.719,"endTime":2184.994,"body":"choices and not blame other people."},{"speaker":"Mike Cavaggioni","startTime":2184.994,"endTime":2186.584,"body":"And it's the same thing for fitness."},{"speaker":"Mike Cavaggioni","startTime":2186.584,"endTime":2190.584,"body":"If you want to get into the gym, you need"},{"speaker":"Mike Cavaggioni","startTime":2186.584,"endTime":2190.584,"body":"to take accountability of your time and."},{"speaker":"Mike Cavaggioni","startTime":2190.884,"endTime":2193.044,"body":"Say like I was, I did this."},{"speaker":"Mike Cavaggioni","startTime":2193.284,"endTime":2199.074,"body":"I, and that's not to say that other people"},{"speaker":"Mike Cavaggioni","startTime":2193.284,"endTime":2199.074,"body":"do not have some type of influence over"},{"speaker":"Mike Cavaggioni","startTime":2199.074,"endTime":2203.364,"body":"your decisions, but you still have to,"},{"speaker":"Mike Cavaggioni","startTime":2199.074,"endTime":2203.364,"body":"you have to hold yourself accountable."},{"speaker":"Mike Cavaggioni","startTime":2203.513,"endTime":2205.403,"body":"That takes a different level of maturity."},{"speaker":"Mike Cavaggioni","startTime":2205.613,"endTime":2209.749,"body":"And once you start doing that, you're"},{"speaker":"Mike Cavaggioni","startTime":2205.613,"endTime":2209.749,"body":"much, much more likely to take action in."},{"speaker":"Mike Cavaggioni","startTime":2209.913,"endTime":2212.277,"body":"Oh, that is a fantastic response, James."},{"speaker":"Mike Cavaggioni","startTime":2212.277,"endTime":2213.057,"body":"Fantastic."},{"speaker":"Mike Cavaggioni","startTime":2213.118,"endTime":2213.953,"body":"And I get it fine."},{"speaker":"Mike Cavaggioni","startTime":2213.953,"endTime":2215.603,"body":"I'm gonna go work out after the podcast."},{"speaker":"Mike Cavaggioni","startTime":2215.603,"endTime":2216.383,"body":"I fine."},{"speaker":"Mike Cavaggioni","startTime":2216.503,"endTime":2216.83,"body":"All right."},{"speaker":"Mike Cavaggioni","startTime":2216.98,"endTime":2217.88,"body":"But yeah, no, man."},{"speaker":"Mike Cavaggioni","startTime":2217.88,"endTime":2218.916,"body":"You have to hold yourself accountable."},{"speaker":"Mike Cavaggioni","startTime":2218.916,"endTime":2221.305,"body":"You have to take the action, you"},{"speaker":"Mike Cavaggioni","startTime":2218.916,"endTime":2221.305,"body":"can't just sit here and expect the"},{"speaker":"Mike Cavaggioni","startTime":2221.305,"endTime":2224.105,"body":"world to just hand you whatever"},{"speaker":"Mike Cavaggioni","startTime":2221.305,"endTime":2224.105,"body":"it is that you're looking for."},{"speaker":"Mike Cavaggioni","startTime":2224.255,"endTime":2225.365,"body":"And you're right."},{"speaker":"Mike Cavaggioni","startTime":2225.365,"endTime":2227.375,"body":"It's not just, it's not just gen Z."},{"speaker":"Mike Cavaggioni","startTime":2227.375,"endTime":2230.405,"body":"I've seen it in my generation as"},{"speaker":"Mike Cavaggioni","startTime":2227.375,"endTime":2230.405,"body":"well in my parents' generation."},{"speaker":"Mike Cavaggioni","startTime":2230.555,"endTime":2233.755,"body":"And even later generations than"},{"speaker":"Mike Cavaggioni","startTime":2230.555,"endTime":2233.755,"body":"that, you're gonna see there's always"},{"speaker":"Mike Cavaggioni","startTime":2233.755,"endTime":2235.566,"body":"gonna be somebody that's woe is me."},{"speaker":"Mike Cavaggioni","startTime":2235.716,"endTime":2238.476,"body":"The world is ending and nobody helps me."},{"speaker":"Mike Cavaggioni","startTime":2238.776,"endTime":2241.208,"body":"You know what the first person"},{"speaker":"Mike Cavaggioni","startTime":2238.776,"endTime":2241.208,"body":"that needs to help you is you"},{"speaker":"Mike Cavaggioni","startTime":2241.208,"endTime":2242.288,"body":"need to help yourself, right?"},{"speaker":"Mike Cavaggioni","startTime":2242.367,"endTime":2246.642,"body":"You gotta get out of this victim mentality"},{"speaker":"Mike Cavaggioni","startTime":2242.367,"endTime":2246.642,"body":"and get yourself to a point where you can"},{"speaker":"Mike Cavaggioni","startTime":2246.642,"endTime":2251.376,"body":"take accountability for your own actions"},{"speaker":"Mike Cavaggioni","startTime":2246.642,"endTime":2251.376,"body":"and continue to move forward and move on."},{"speaker":"Mike Cavaggioni","startTime":2251.676,"endTime":2253.296,"body":"Cuz no, one's gonna do that for you."},{"speaker":"Mike Cavaggioni","startTime":2253.416,"endTime":2254.496,"body":"It's just not gonna happen."},{"speaker":"Mike Cavaggioni","startTime":2254.496,"endTime":2254.766,"body":"Okay."},{"speaker":"Mike Cavaggioni","startTime":2254.766,"endTime":2255.366,"body":"Awesome, man."},{"speaker":"Mike Cavaggioni","startTime":2255.366,"endTime":2260.423,"body":"So I have one final question for you"},{"speaker":"Mike Cavaggioni","startTime":2255.366,"endTime":2260.423,"body":"in the final round and this is, I"},{"speaker":"Mike Cavaggioni","startTime":2260.423,"endTime":2264.293,"body":"have an idea of what some of these"},{"speaker":"Mike Cavaggioni","startTime":2260.423,"endTime":2264.293,"body":"might be for you, but we'll see, cuz"},{"speaker":"Mike Cavaggioni","startTime":2264.293,"endTime":2267.944,"body":"I'd like to go off of what you, what"},{"speaker":"Mike Cavaggioni","startTime":2264.293,"endTime":2267.944,"body":"is your current but do you have a"},{"speaker":"Mike Cavaggioni","startTime":2267.944,"endTime":2274.074,"body":"favorite business investing or real"},{"speaker":"Mike Cavaggioni","startTime":2267.944,"endTime":2274.074,"body":"estate related book or podcast or both?"},{"speaker":"James Bowman","startTime":2274.224,"endTime":2277.014,"body":"So Mike, this would"},{"speaker":"James Bowman","startTime":2274.224,"endTime":2277.014,"body":"actually, it might surprise you."},{"speaker":"James Bowman","startTime":2277.224,"endTime":2278.154,"body":"But it does go back."},{"speaker":"James Bowman","startTime":2278.154,"endTime":2282.17,"body":"It does lurk back a little bit of what we"},{"speaker":"James Bowman","startTime":2278.154,"endTime":2282.17,"body":"talked about earlier, but I'm gonna say."},{"speaker":"James Bowman","startTime":2282.32,"endTime":2285.89,"body":"The Total Money Makeover by"},{"speaker":"James Bowman","startTime":2282.32,"endTime":2285.89,"body":"Dave Ramsey and The Ramsey"},{"speaker":"James Bowman","startTime":2285.89,"endTime":2288.11,"body":"Show, the podcast and his book."},{"speaker":"James Bowman","startTime":2288.41,"endTime":2289.82,"body":"And I'll tell you why."},{"speaker":"James Bowman","startTime":2289.97,"endTime":2294.591,"body":"Even though I do not agree with"},{"speaker":"James Bowman","startTime":2289.97,"endTime":2294.591,"body":"everything that Dave Ramsey says, I"},{"speaker":"James Bowman","startTime":2294.591,"endTime":2298.401,"body":"disagree with some things I take a"},{"speaker":"James Bowman","startTime":2294.591,"endTime":2298.401,"body":"little bit more risk than he does,"},{"speaker":"James Bowman","startTime":2298.401,"endTime":2300.681,"body":"or he suggests his viewers do."},{"speaker":"James Bowman","startTime":2300.898,"endTime":2305.758,"body":"The fundamentals that he"},{"speaker":"James Bowman","startTime":2300.898,"endTime":2305.758,"body":"teaches are unstoppable."},{"speaker":"James Bowman","startTime":2306.058,"endTime":2307.108,"body":"The first three baby steps."},{"speaker":"James Bowman","startTime":2307.408,"endTime":2309.388,"body":"Almost non-negotiable."},{"speaker":"James Bowman","startTime":2309.388,"endTime":2313.528,"body":"The only one I maybe even put a caveat"},{"speaker":"James Bowman","startTime":2309.388,"endTime":2313.528,"body":"on the student loans and that's even"},{"speaker":"James Bowman","startTime":2313.588,"endTime":2319.138,"body":"in, but he has nailed those first"},{"speaker":"James Bowman","startTime":2313.588,"endTime":2319.138,"body":"three and that's what I take clients"},{"speaker":"James Bowman","startTime":2319.138,"endTime":2321.448,"body":"through when we're conversing."},{"speaker":"James Bowman","startTime":2321.448,"endTime":2324.538,"body":"Like you need a starter emergency"},{"speaker":"James Bowman","startTime":2321.448,"endTime":2324.538,"body":"fund, you need to get out of debt."},{"speaker":"James Bowman","startTime":2324.63,"endTime":2329.67,"body":"I don't want you talking about investing"},{"speaker":"James Bowman","startTime":2324.63,"endTime":2329.67,"body":"in index funds, making 10% a year."},{"speaker":"James Bowman","startTime":2329.85,"endTime":2332.773,"body":"If you're paying the credit card"},{"speaker":"James Bowman","startTime":2329.85,"endTime":2332.773,"body":"company, 22%, I don't wanna talk."},{"speaker":"James Bowman","startTime":2332.823,"endTime":2334.832,"body":"So those are that's it, man."},{"speaker":"James Bowman","startTime":2334.832,"endTime":2336.542,"body":"And it's really all about the fundamental."},{"speaker":"Mike Cavaggioni","startTime":2336.75,"endTime":2338.596,"body":"Yeah, no I"},{"speaker":"Mike Cavaggioni","startTime":2336.75,"endTime":2338.596,"body":"definitely appreciate that."},{"speaker":"Mike Cavaggioni","startTime":2338.596,"endTime":2340.904,"body":"And I will say that I am surprised I am."},{"speaker":"Mike Cavaggioni","startTime":2340.904,"endTime":2341.864,"body":"I'm taken back."},{"speaker":"Mike Cavaggioni","startTime":2342.134,"endTime":2344.564,"body":"I thought you could say like"},{"speaker":"Mike Cavaggioni","startTime":2342.134,"endTime":2344.564,"body":"bigger pockets or something."},{"speaker":"Mike Cavaggioni","startTime":2344.565,"endTime":2346.996,"body":"So yeah, I'm very surprised that"},{"speaker":"Mike Cavaggioni","startTime":2344.565,"endTime":2346.996,"body":"you said The Ramsey Show and"},{"speaker":"Mike Cavaggioni","startTime":2346.996,"endTime":2348.459,"body":"his book Total Money Makeover."},{"speaker":"Mike Cavaggioni","startTime":2348.459,"endTime":2351.88,"body":"That is good because, when I first started"},{"speaker":"Mike Cavaggioni","startTime":2348.459,"endTime":2351.88,"body":"doing this myself too, same thing, when"},{"speaker":"Mike Cavaggioni","startTime":2351.88,"endTime":2356.0,"body":"I first started my journey into financial"},{"speaker":"Mike Cavaggioni","startTime":2351.88,"endTime":2356.0,"body":"freedom, I started with his baby steps."},{"speaker":"Mike Cavaggioni","startTime":2356.005,"endTime":2358.997,"body":"And again, I did steps one through"},{"speaker":"Mike Cavaggioni","startTime":2356.005,"endTime":2358.997,"body":"three, and then I stepped back and"},{"speaker":"Mike Cavaggioni","startTime":2358.997,"endTime":2362.959,"body":"reevaluated and said, I'd like to do"},{"speaker":"Mike Cavaggioni","startTime":2358.997,"endTime":2362.959,"body":"something different as I move on here."},{"speaker":"Mike Cavaggioni","startTime":2362.959,"endTime":2365.96,"body":"I didn't wanna come to Hawaii and,"},{"speaker":"Mike Cavaggioni","startTime":2362.959,"endTime":2365.96,"body":"pay cash for my house out here."},{"speaker":"Mike Cavaggioni","startTime":2365.96,"endTime":2367.73,"body":"Cause I'll never, I"},{"speaker":"Mike Cavaggioni","startTime":2365.96,"endTime":2367.73,"body":"would've never afforded it."},{"speaker":"Mike Cavaggioni","startTime":2367.735,"endTime":2371.136,"body":"So I use my VA loan, the product"},{"speaker":"Mike Cavaggioni","startTime":2367.735,"endTime":2371.136,"body":"that he hates the most and I"},{"speaker":"Mike Cavaggioni","startTime":2371.136,"endTime":2372.395,"body":"use that to buy a home out here."},{"speaker":"Mike Cavaggioni","startTime":2372.395,"endTime":2375.16,"body":"But at the same time, like you"},{"speaker":"Mike Cavaggioni","startTime":2372.395,"endTime":2375.16,"body":"said, I feel like steps one through"},{"speaker":"Mike Cavaggioni","startTime":2375.16,"endTime":2377.08,"body":"three too also, non-negotiable."},{"speaker":"Mike Cavaggioni","startTime":2377.38,"endTime":2378.37,"body":"I had to get there."},{"speaker":"Mike Cavaggioni","startTime":2378.37,"endTime":2380.2,"body":"I had to get out of consumer debt."},{"speaker":"Mike Cavaggioni","startTime":2380.44,"endTime":2384.203,"body":"I had to get to the point where I"},{"speaker":"Mike Cavaggioni","startTime":2380.44,"endTime":2384.203,"body":"had an emergency fund, and I had"},{"speaker":"Mike Cavaggioni","startTime":2384.203,"endTime":2388.013,"body":"saving a savings account to cover"},{"speaker":"Mike Cavaggioni","startTime":2384.203,"endTime":2388.013,"body":"three to six months at the time."},{"speaker":"Mike Cavaggioni","startTime":2388.223,"endTime":2392.408,"body":"Now I talk more about having six to 12"},{"speaker":"Mike Cavaggioni","startTime":2388.223,"endTime":2392.408,"body":"months of living expenses, because of just"},{"speaker":"Mike Cavaggioni","startTime":2392.408,"endTime":2393.968,"body":"the environment that we live in today."},{"speaker":"Mike Cavaggioni","startTime":2394.268,"endTime":2397.61,"body":"But even back then, it was like, I needed"},{"speaker":"Mike Cavaggioni","startTime":2394.268,"endTime":2397.61,"body":"to have three to six months of living"},{"speaker":"Mike Cavaggioni","startTime":2397.61,"endTime":2400.28,"body":"expenses as well as my emergency fund."},{"speaker":"Mike Cavaggioni","startTime":2400.28,"endTime":2403.28,"body":"You know that before I"},{"speaker":"Mike Cavaggioni","startTime":2400.28,"endTime":2403.28,"body":"can go and buy this home."},{"speaker":"Mike Cavaggioni","startTime":2403.28,"endTime":2406.52,"body":"So I got myself to that point before I"},{"speaker":"Mike Cavaggioni","startTime":2403.28,"endTime":2406.52,"body":"moved out here to Hawaii to buy this home."},{"speaker":"Mike Cavaggioni","startTime":2406.675,"endTime":2409.945,"body":"Again, like I said, did not expect"},{"speaker":"Mike Cavaggioni","startTime":2406.675,"endTime":2409.945,"body":"that answer, but I respect it."},{"speaker":"Mike Cavaggioni","startTime":2410.245,"endTime":2411.205,"body":"So that's awesome."},{"speaker":"James Bowman","startTime":2411.205,"endTime":2414.132,"body":"But Mike I just wanna just,"},{"speaker":"James Bowman","startTime":2411.205,"endTime":2414.132,"body":"I wanna justify, because I don't wanna"},{"speaker":"James Bowman","startTime":2414.137,"endTime":2418.412,"body":"take any flowers away from bigger pockets"},{"speaker":"James Bowman","startTime":2414.137,"endTime":2418.412,"body":"and all the things they've done, but"},{"speaker":"James Bowman","startTime":2418.562,"endTime":2424.442,"body":"bigger pockets is for the top 10%, meaning"},{"speaker":"James Bowman","startTime":2418.562,"endTime":2424.442,"body":"people who want to build generational"},{"speaker":"James Bowman","startTime":2424.442,"endTime":2430.252,"body":"wealth and who want to, retire early and"},{"speaker":"James Bowman","startTime":2424.442,"endTime":2430.252,"body":"reach financial independence that way."},{"speaker":"James Bowman","startTime":2430.252,"endTime":2432.232,"body":"And they are phenomenal at that."},{"speaker":"James Bowman","startTime":2432.532,"endTime":2434.902,"body":"And I think Dave Ramsey"},{"speaker":"James Bowman","startTime":2432.532,"endTime":2434.902,"body":"is for that other 90%."},{"speaker":"James Bowman","startTime":2435.202,"endTime":2441.294,"body":"The 90% who are struggling, 47% of"},{"speaker":"James Bowman","startTime":2435.202,"endTime":2441.294,"body":"Americans can't afford a $400 emergency,"},{"speaker":"James Bowman","startTime":2441.294,"endTime":2445.374,"body":"and so, the reason that I recommend his"},{"speaker":"James Bowman","startTime":2441.294,"endTime":2445.374,"body":"book the most and his content the most"},{"speaker":"James Bowman","startTime":2445.374,"endTime":2452.394,"body":"is because the mass majority of the"},{"speaker":"James Bowman","startTime":2445.374,"endTime":2452.394,"body":"population will benefit more from it."},{"speaker":"Mike Cavaggioni","startTime":2452.694,"endTime":2452.964,"body":"Yeah."},{"speaker":"Mike Cavaggioni","startTime":2453.264,"endTime":2455.564,"body":"It'll help the most people"},{"speaker":"Mike Cavaggioni","startTime":2453.264,"endTime":2455.564,"body":"when you look at that."},{"speaker":"Mike Cavaggioni","startTime":2455.583,"endTime":2457.654,"body":"Cause if you look at the"},{"speaker":"Mike Cavaggioni","startTime":2455.583,"endTime":2457.654,"body":"audience of bigger pocket too,"},{"speaker":"Mike Cavaggioni","startTime":2457.654,"endTime":2459.051,"body":"it's 2 million people right."},{"speaker":"Mike Cavaggioni","startTime":2459.076,"endTime":2460.366,"body":"On their form and everything."},{"speaker":"Mike Cavaggioni","startTime":2460.456,"endTime":2462.406,"body":"And you look at how many"},{"speaker":"Mike Cavaggioni","startTime":2460.456,"endTime":2462.406,"body":"people do we actually have in"},{"speaker":"Mike Cavaggioni","startTime":2462.406,"endTime":2464.926,"body":"America, like over 340 million."},{"speaker":"Mike Cavaggioni","startTime":2465.011,"endTime":2467.874,"body":"So that is a very small percentage"},{"speaker":"Mike Cavaggioni","startTime":2465.011,"endTime":2467.874,"body":"of people that are following that."},{"speaker":"Mike Cavaggioni","startTime":2467.956,"endTime":2470.566,"body":"But again, there, there are a lot"},{"speaker":"Mike Cavaggioni","startTime":2467.956,"endTime":2470.566,"body":"of people out that build their"},{"speaker":"Mike Cavaggioni","startTime":2470.566,"endTime":2473.265,"body":"wealth in real estate myself being"},{"speaker":"Mike Cavaggioni","startTime":2470.566,"endTime":2473.265,"body":"one of 'em, you being one of them."},{"speaker":"Mike Cavaggioni","startTime":2473.265,"endTime":2477.468,"body":"But at the same time the impact when it"},{"speaker":"Mike Cavaggioni","startTime":2473.265,"endTime":2477.468,"body":"comes to just the people that get stuck"},{"speaker":"Mike Cavaggioni","startTime":2477.468,"endTime":2481.989,"body":"in consumer debt, this is one of the ways"},{"speaker":"Mike Cavaggioni","startTime":2477.468,"endTime":2481.989,"body":"that will help them get out of it quickly,"},{"speaker":"Mike Cavaggioni","startTime":2482.259,"endTime":2484.719,"body":"efficiently, safely, and comfortably."},{"speaker":"Mike Cavaggioni","startTime":2484.802,"endTime":2486.569,"body":"Yeah I fully support that as well, man."},{"speaker":"Mike Cavaggioni","startTime":2486.569,"endTime":2488.1,"body":"So I'm not knocking on any of them."},{"speaker":"Mike Cavaggioni","startTime":2488.317,"endTime":2490.734,"body":"I'm just saying I was surprised with"},{"speaker":"Mike Cavaggioni","startTime":2488.317,"endTime":2490.734,"body":"you being a real estate investor."},{"speaker":"Mike Cavaggioni","startTime":2490.734,"endTime":2494.365,"body":"And I appreciate you being open kimono"},{"speaker":"Mike Cavaggioni","startTime":2490.734,"endTime":2494.365,"body":"about all this stuff and your reasons why."},{"speaker":"Mike Cavaggioni","startTime":2494.573,"endTime":2497.333,"body":"Now I do have one more question for you."},{"speaker":"Mike Cavaggioni","startTime":2497.333,"endTime":2501.193,"body":"And this is probably the most important"},{"speaker":"Mike Cavaggioni","startTime":2497.333,"endTime":2501.193,"body":"question of all James, because"},{"speaker":"Mike Cavaggioni","startTime":2501.433,"endTime":2504.181,"body":"people that have been listening to"},{"speaker":"Mike Cavaggioni","startTime":2501.433,"endTime":2504.181,"body":"this episode are like, man, James is"},{"speaker":"Mike Cavaggioni","startTime":2504.181,"endTime":2507.361,"body":"spitting out some good information,"},{"speaker":"Mike Cavaggioni","startTime":2504.181,"endTime":2507.361,"body":"his answers to these questions have"},{"speaker":"Mike Cavaggioni","startTime":2507.361,"endTime":2510.211,"body":"been on point he's 23 years old."},{"speaker":"Mike Cavaggioni","startTime":2510.211,"endTime":2511.441,"body":"He's killing the game."},{"speaker":"Mike Cavaggioni","startTime":2511.441,"endTime":2515.498,"body":"I'm 20 years old and I wanna get to"},{"speaker":"Mike Cavaggioni","startTime":2511.441,"endTime":2515.498,"body":"the point where he's at, so where can"},{"speaker":"Mike Cavaggioni","startTime":2515.498,"endTime":2517.478,"body":"I find more information about James?"},{"speaker":"Mike Cavaggioni","startTime":2517.478,"endTime":2520.748,"body":"Where can I find more information"},{"speaker":"Mike Cavaggioni","startTime":2517.478,"endTime":2520.748,"body":"about the gen Z money podcast?"},{"speaker":"Mike Cavaggioni","startTime":2520.988,"endTime":2523.344,"body":"So if you could share that with"},{"speaker":"Mike Cavaggioni","startTime":2520.988,"endTime":2523.344,"body":"us, man you got a website you could"},{"speaker":"Mike Cavaggioni","startTime":2523.344,"endTime":2526.081,"body":"share what are your social media"},{"speaker":"Mike Cavaggioni","startTime":2523.344,"endTime":2526.081,"body":"handles that people could follow?"},{"speaker":"Mike Cavaggioni","startTime":2526.091,"endTime":2526.598,"body":"Let us have it all."},{"speaker":"James Bowman","startTime":2526.748,"endTime":2529.148,"body":"So by the time"},{"speaker":"James Bowman","startTime":2526.748,"endTime":2529.148,"body":"this episode comes out, hopefully"},{"speaker":"James Bowman","startTime":2529.148,"endTime":2530.352,"body":"our website will be done."},{"speaker":"James Bowman","startTime":2530.357,"endTime":2533.202,"body":"And it'll be www.genzmone.com."},{"speaker":"James Bowman","startTime":2534.012,"endTime":2537.613,"body":"No Y so G E N Z M O N E."},{"speaker":"James Bowman","startTime":2537.913,"endTime":2539.593,"body":"But of course we're on all socials."},{"speaker":"James Bowman","startTime":2539.593,"endTime":2544.873,"body":"We're on Twitter, Instagram, Facebook,"},{"speaker":"James Bowman","startTime":2539.593,"endTime":2544.873,"body":"and it's just genzmone, no y, And yeah,"},{"speaker":"James Bowman","startTime":2544.873,"endTime":2549.223,"body":"you can hear the Gen-Z Mon-E podcast"},{"speaker":"James Bowman","startTime":2544.873,"endTime":2549.223,"body":"on anywhere you listen to podcast we're"},{"speaker":"James Bowman","startTime":2549.223,"endTime":2551.713,"body":"on Apple, Google, Spotify, you name it."},{"speaker":"James Bowman","startTime":2551.718,"endTime":2552.343,"body":"We're there."},{"speaker":"James Bowman","startTime":2552.643,"endTime":2556.813,"body":"Really it's all about, bringing on"},{"speaker":"James Bowman","startTime":2552.643,"endTime":2556.813,"body":"guests and it's not all about me."},{"speaker":"James Bowman","startTime":2556.933,"endTime":2561.433,"body":"This episode might be all about me, but"},{"speaker":"James Bowman","startTime":2556.933,"endTime":2561.433,"body":"I don't like to be the smartest person"},{"speaker":"James Bowman","startTime":2561.433,"endTime":2565.013,"body":"in the room, and so I love listening"},{"speaker":"James Bowman","startTime":2561.433,"endTime":2565.013,"body":"to people, even if I different opinion."},{"speaker":"James Bowman","startTime":2565.018,"endTime":2567.713,"body":"And that's what it's, that's what it's"},{"speaker":"James Bowman","startTime":2565.018,"endTime":2567.713,"body":"mainly about is bringing on people"},{"speaker":"James Bowman","startTime":2568.013,"endTime":2572.644,"body":"who are have more wisdom to and I can"},{"speaker":"James Bowman","startTime":2568.013,"endTime":2572.644,"body":"take nuggets and hopefully the viewers"},{"speaker":"James Bowman","startTime":2572.644,"endTime":2575.314,"body":"can take nuggets and put 'em in their"},{"speaker":"James Bowman","startTime":2572.644,"endTime":2575.314,"body":"back pocket and use 'em for later."},{"speaker":"James Bowman","startTime":2575.314,"endTime":2575.789,"body":"You know what I mean?"},{"speaker":"Mike Cavaggioni","startTime":2575.939,"endTime":2576.269,"body":"Yeah."},{"speaker":"Mike Cavaggioni","startTime":2576.419,"endTime":2576.869,"body":"Love it, man."},{"speaker":"Mike Cavaggioni","startTime":2576.869,"endTime":2578.189,"body":"I do the same thing with this podcast."},{"speaker":"Mike Cavaggioni","startTime":2578.189,"endTime":2581.432,"body":"I bring on these experts and I"},{"speaker":"Mike Cavaggioni","startTime":2578.189,"endTime":2581.432,"body":"learn as much as I can from them."},{"speaker":"Mike Cavaggioni","startTime":2581.462,"endTime":2583.802,"body":"As you were sitting here talking,"},{"speaker":"Mike Cavaggioni","startTime":2581.462,"endTime":2583.802,"body":"I'm sitting here taking notes"},{"speaker":"Mike Cavaggioni","startTime":2583.807,"endTime":2584.762,"body":"on the stuff that you're doing."},{"speaker":"Mike Cavaggioni","startTime":2584.767,"endTime":2586.622,"body":"I got my little black"},{"speaker":"Mike Cavaggioni","startTime":2584.767,"endTime":2586.622,"body":"book of knowledge here."},{"speaker":"Mike Cavaggioni","startTime":2586.867,"endTime":2589.865,"body":"With every guest that I've had on"},{"speaker":"Mike Cavaggioni","startTime":2586.867,"endTime":2589.865,"body":"the show, I've got a page of notes or"},{"speaker":"Mike Cavaggioni","startTime":2589.865,"endTime":2592.513,"body":"two pages of notes on them and just"},{"speaker":"Mike Cavaggioni","startTime":2589.865,"endTime":2592.513,"body":"everything that they've been doing."},{"speaker":"Mike Cavaggioni","startTime":2592.551,"endTime":2593.871,"body":"And that's what it's all about, man."},{"speaker":"Mike Cavaggioni","startTime":2593.901,"endTime":2597.472,"body":"And getting this message out there"},{"speaker":"Mike Cavaggioni","startTime":2593.901,"endTime":2597.472,"body":"to the masses and educating people"},{"speaker":"Mike Cavaggioni","startTime":2597.472,"endTime":2600.892,"body":"and giving them the tools that they"},{"speaker":"Mike Cavaggioni","startTime":2597.472,"endTime":2600.892,"body":"need to reach financial freedom,"},{"speaker":"Mike Cavaggioni","startTime":2600.897,"endTime":2602.002,"body":"which is what we're all about."},{"speaker":"Mike Cavaggioni","startTime":2602.302,"endTime":2604.282,"body":"Building wealth, getting rid of your debt."},{"speaker":"Mike Cavaggioni","startTime":2604.288,"endTime":2606.11,"body":"And then, and controlling your future."},{"speaker":"Mike Cavaggioni","startTime":2606.14,"endTime":2608.57,"body":"So I said that out of order"},{"speaker":"Mike Cavaggioni","startTime":2606.14,"endTime":2608.57,"body":"for the way that I normally say"},{"speaker":"Mike Cavaggioni","startTime":2608.57,"endTime":2609.8,"body":"these things, but that's okay."},{"speaker":"Mike Cavaggioni","startTime":2609.858,"endTime":2613.207,"body":"James, I really wanna say that"},{"speaker":"Mike Cavaggioni","startTime":2609.858,"endTime":2613.207,"body":"I appreciate you taking the"},{"speaker":"Mike Cavaggioni","startTime":2613.207,"endTime":2614.857,"body":"time to come on my show today."},{"speaker":"Mike Cavaggioni","startTime":2615.007,"endTime":2619.006,"body":"And just taking the the time to talk to"},{"speaker":"Mike Cavaggioni","startTime":2615.007,"endTime":2619.006,"body":"all of us and sharing your story with what"},{"speaker":"Mike Cavaggioni","startTime":2619.006,"endTime":2623.133,"body":"you're doing and sharing with with us,"},{"speaker":"Mike Cavaggioni","startTime":2619.006,"endTime":2623.133,"body":"what Gen-Z Mon-E is all about, and I'm"},{"speaker":"Mike Cavaggioni","startTime":2623.138,"endTime":2626.516,"body":"really excited to get this one out there,"},{"speaker":"Mike Cavaggioni","startTime":2623.138,"endTime":2626.516,"body":"for everybody to take a listen to, we're"},{"speaker":"Mike Cavaggioni","startTime":2626.516,"endTime":2629.456,"body":"gonna, we're gonna have all your links"},{"speaker":"Mike Cavaggioni","startTime":2626.516,"endTime":2629.456,"body":"in the show notes, all your social media"},{"speaker":"Mike Cavaggioni","startTime":2629.461,"endTime":2632.396,"body":"profiles, everything will be in the show"},{"speaker":"Mike Cavaggioni","startTime":2629.461,"endTime":2632.396,"body":"notes, make it easier for people to find."},{"speaker":"Mike Cavaggioni","startTime":2632.696,"endTime":2636.296,"body":"They can either click it or copy and"},{"speaker":"Mike Cavaggioni","startTime":2632.696,"endTime":2636.296,"body":"paste, but either way it's gonna be there."},{"speaker":"Mike Cavaggioni","startTime":2636.524,"endTime":2640.394,"body":"So guys, go check out James, go"},{"speaker":"Mike Cavaggioni","startTime":2636.524,"endTime":2640.394,"body":"check out his podcast, check out"},{"speaker":"Mike Cavaggioni","startTime":2640.399,"endTime":2642.224,"body":"his social media, go follow him."},{"speaker":"Mike Cavaggioni","startTime":2642.494,"endTime":2642.884,"body":"All right."},{"speaker":"Mike Cavaggioni","startTime":2642.884,"endTime":2644.984,"body":"Show him some love because"},{"speaker":"Mike Cavaggioni","startTime":2642.884,"endTime":2644.984,"body":"he definitely deserves it."},{"speaker":"Mike Cavaggioni","startTime":2644.984,"endTime":2646.364,"body":"Cuz he's out there killing the game."},{"speaker":"Mike Cavaggioni","startTime":2646.664,"endTime":2648.824,"body":"Go follow him and enjoy his content."},{"speaker":"Mike Cavaggioni","startTime":2648.824,"endTime":2650.054,"body":"So James again, brother."},{"speaker":"Mike Cavaggioni","startTime":2650.354,"endTime":2651.074,"body":"Appreciate it."},{"speaker":"Mike Cavaggioni","startTime":2651.254,"endTime":2652.274,"body":"Thanks for joining me today."},{"speaker":"James Bowman","startTime":2652.574,"endTime":2654.324,"body":"Mike, the"},{"speaker":"James Bowman","startTime":2652.574,"endTime":2654.324,"body":"pleasure's all mine, man."},{"speaker":"James Bowman","startTime":2654.324,"endTime":2655.134,"body":"Thanks for having me."},{"speaker":"Mike Cavaggioni","startTime":2655.434,"endTime":2655.794,"body":"All right."},{"speaker":"Mike Cavaggioni","startTime":2655.794,"endTime":2656.814,"body":"Aloha from Hawaii."}]}