{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.149,"endTime":2.759,"body":"Welcome back"},{"speaker":"Average Joe Finances","startTime":0.149,"endTime":2.759,"body":"to the Average Show Finances Podcast."},{"speaker":"Average Joe Finances","startTime":2.789,"endTime":7.42,"body":"I'm your host, Mike Cavaggioni, and"},{"speaker":"Average Joe Finances","startTime":2.789,"endTime":7.42,"body":"today's guest is Aryeh Sheinbein."},{"speaker":"Average Joe Finances","startTime":7.452,"endTime":8.922,"body":"Super excited to have you on the show."},{"speaker":"Average Joe Finances","startTime":8.927,"endTime":10.462,"body":"Thank you so much for joining me today."},{"speaker":"Aryeh Sheinbein","startTime":10.612,"endTime":11.302,"body":"My pleasure."},{"speaker":"Aryeh Sheinbein","startTime":11.302,"endTime":12.172,"body":"Thanks so much for having me."},{"speaker":"Aryeh Sheinbein","startTime":12.201,"endTime":13.071,"body":"I'm excited to be here."},{"speaker":"Average Joe Finances","startTime":13.401,"endTime":13.731,"body":"All right."},{"speaker":"Average Joe Finances","startTime":13.731,"endTime":14.091,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":14.091,"endTime":17.783,"body":"So, Aryeh, the first question I'd like"},{"speaker":"Average Joe Finances","startTime":14.091,"endTime":17.783,"body":"to ask you is the same question I ask"},{"speaker":"Average Joe Finances","startTime":17.903,"endTime":21.983,"body":"everybody that comes on this show, and we"},{"speaker":"Average Joe Finances","startTime":17.903,"endTime":21.983,"body":"wanna know a little bit more about you."},{"speaker":"Average Joe Finances","startTime":21.988,"endTime":25.343,"body":"So if you could, share a little bit"},{"speaker":"Average Joe Finances","startTime":21.988,"endTime":25.343,"body":"about yourself, share your story."},{"speaker":"Average Joe Finances","startTime":25.343,"endTime":27.083,"body":"Who is Aryeh Sheinbein?"},{"speaker":"Aryeh Sheinbein","startTime":27.383,"endTime":27.833,"body":"Okay."},{"speaker":"Aryeh Sheinbein","startTime":28.218,"endTime":29.946,"body":"So I'm gonna try and give"},{"speaker":"Aryeh Sheinbein","startTime":28.218,"endTime":29.946,"body":"you the condensed version."},{"speaker":"Aryeh Sheinbein","startTime":30.096,"endTime":31.546,"body":"I don't wanna put people to bed."},{"speaker":"Aryeh Sheinbein","startTime":31.546,"endTime":36.139,"body":"The long story short is I grew up"},{"speaker":"Aryeh Sheinbein","startTime":31.546,"endTime":36.139,"body":"in New Jersey and grew up in a great"},{"speaker":"Aryeh Sheinbein","startTime":36.139,"endTime":41.216,"body":"family, but not entrepreneurial,"},{"speaker":"Aryeh Sheinbein","startTime":36.139,"endTime":41.216,"body":"minded parents very much."},{"speaker":"Aryeh Sheinbein","startTime":41.273,"endTime":44.14,"body":"Hey, we have jobs, we have good jobs"},{"speaker":"Aryeh Sheinbein","startTime":41.273,"endTime":44.14,"body":"and you go to school, you do well"},{"speaker":"Aryeh Sheinbein","startTime":44.14,"endTime":45.85,"body":"in school, and you go on from there."},{"speaker":"Aryeh Sheinbein","startTime":46.058,"endTime":49.778,"body":"And so therefore, like by the time I was"},{"speaker":"Aryeh Sheinbein","startTime":46.058,"endTime":49.778,"body":"like in middle school or so, I didn't"},{"speaker":"Aryeh Sheinbein","startTime":49.778,"endTime":54.919,"body":"realize it, but I had a lot of just"},{"speaker":"Aryeh Sheinbein","startTime":49.778,"endTime":54.919,"body":"habits that I had built that were built"},{"speaker":"Aryeh Sheinbein","startTime":54.919,"endTime":60.799,"body":"around business and money and things"},{"speaker":"Aryeh Sheinbein","startTime":54.919,"endTime":60.799,"body":"like that, where it wasn't per se taught."},{"speaker":"Aryeh Sheinbein","startTime":60.889,"endTime":64.184,"body":"Like I think my parents did a"},{"speaker":"Aryeh Sheinbein","startTime":60.889,"endTime":64.184,"body":"really good job in providing what"},{"speaker":"Aryeh Sheinbein","startTime":64.184,"endTime":67.154,"body":"we needed, but at the same time"},{"speaker":"Aryeh Sheinbein","startTime":64.184,"endTime":67.154,"body":"taught me the value of a dollar."},{"speaker":"Aryeh Sheinbein","startTime":67.424,"endTime":71.832,"body":"And that we don't just spend, willy-nilly"},{"speaker":"Aryeh Sheinbein","startTime":67.424,"endTime":71.832,"body":"and save and invest conceptually."},{"speaker":"Aryeh Sheinbein","startTime":71.832,"endTime":75.68,"body":"But by the time I was like 13, 14 I"},{"speaker":"Aryeh Sheinbein","startTime":71.832,"endTime":75.68,"body":"played a lot of ball in different sports."},{"speaker":"Aryeh Sheinbein","startTime":75.86,"endTime":80.56,"body":"I also collected sports cards and to"},{"speaker":"Aryeh Sheinbein","startTime":75.86,"endTime":80.56,"body":"me that was almost like a stock market."},{"speaker":"Aryeh Sheinbein","startTime":80.65,"endTime":85.66,"body":"I would track the players and then track"},{"speaker":"Aryeh Sheinbein","startTime":80.65,"endTime":85.66,"body":"the prices of the cards relative to the"},{"speaker":"Aryeh Sheinbein","startTime":85.66,"endTime":88.3,"body":"player and I'll date myself a little bit."},{"speaker":"Aryeh Sheinbein","startTime":88.3,"endTime":91.9,"body":"And that was, back then you didn't have"},{"speaker":"Aryeh Sheinbein","startTime":88.3,"endTime":91.9,"body":"the internet to get an instant price."},{"speaker":"Aryeh Sheinbein","startTime":91.95,"endTime":95.541,"body":"There was no marketplace of an eBay"},{"speaker":"Aryeh Sheinbein","startTime":91.95,"endTime":95.541,"body":"where you could transact immediately."},{"speaker":"Average Joe Finances","startTime":95.601,"endTime":98.131,"body":"You had to go"},{"speaker":"Average Joe Finances","startTime":95.601,"endTime":98.131,"body":"buy those manuals that showed them."},{"speaker":"Average Joe Finances","startTime":98.131,"endTime":98.291,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":98.319,"endTime":100.282,"body":"And that updated every month."},{"speaker":"Aryeh Sheinbein","startTime":100.452,"endTime":101.072,"body":"Correct."},{"speaker":"Aryeh Sheinbein","startTime":101.132,"endTime":101.402,"body":"Yeah."},{"speaker":"Aryeh Sheinbein","startTime":101.492,"endTime":107.616,"body":"So in between the months, the price"},{"speaker":"Aryeh Sheinbein","startTime":101.492,"endTime":107.616,"body":"effectively was stale for 30 days and"},{"speaker":"Aryeh Sheinbein","startTime":107.706,"endTime":113.856,"body":"you don't had the ability to understand"},{"speaker":"Aryeh Sheinbein","startTime":107.706,"endTime":113.856,"body":"that, okay, yes, Mickey Mantle was no"},{"speaker":"Aryeh Sheinbein","startTime":113.861,"endTime":117.937,"body":"longer alive, so that card, what if"},{"speaker":"Aryeh Sheinbein","startTime":113.861,"endTime":117.937,"body":"that card went up or down month over"},{"speaker":"Aryeh Sheinbein","startTime":117.937,"endTime":120.842,"body":"month or quarter over quarter, you"},{"speaker":"Aryeh Sheinbein","startTime":117.937,"endTime":120.842,"body":"couldn't have predicted that per se."},{"speaker":"Aryeh Sheinbein","startTime":120.842,"endTime":121.952,"body":"Actually, I shouldn't say that."},{"speaker":"Aryeh Sheinbein","startTime":121.957,"endTime":124.442,"body":"At the time Mickey Mantle tell"},{"speaker":"Aryeh Sheinbein","startTime":121.957,"endTime":124.442,"body":"was alive, but the point was"},{"speaker":"Aryeh Sheinbein","startTime":124.442,"endTime":125.432,"body":"is he wasn't playing right."},{"speaker":"Aryeh Sheinbein","startTime":125.432,"endTime":129.032,"body":"There was nothing he was gonna do that"},{"speaker":"Aryeh Sheinbein","startTime":125.432,"endTime":129.032,"body":"was gonna change something dramatically,"},{"speaker":"Aryeh Sheinbein","startTime":129.419,"endTime":133.439,"body":"but a hot rookie that everybody thought"},{"speaker":"Aryeh Sheinbein","startTime":129.419,"endTime":133.439,"body":"was gonna perform and then didn't,"},{"speaker":"Aryeh Sheinbein","startTime":133.559,"endTime":138.419,"body":"or sleeper nobody knew this guy was"},{"speaker":"Aryeh Sheinbein","startTime":133.559,"endTime":138.419,"body":"gonna be great and then he was amazing."},{"speaker":"Aryeh Sheinbein","startTime":138.469,"endTime":141.569,"body":"Those cards you could get out in front."},{"speaker":"Aryeh Sheinbein","startTime":141.719,"endTime":147.149,"body":"And almost like front run the price guide"},{"speaker":"Aryeh Sheinbein","startTime":141.719,"endTime":147.149,"body":"because you had this stale window of time."},{"speaker":"Aryeh Sheinbein","startTime":147.449,"endTime":151.199,"body":"And I remember this happening over"},{"speaker":"Aryeh Sheinbein","startTime":147.449,"endTime":151.199,"body":"and over again to a point where"},{"speaker":"Aryeh Sheinbein","startTime":151.199,"endTime":153.067,"body":"I'm like, Oh, this is simple."},{"speaker":"Aryeh Sheinbein","startTime":153.377,"endTime":156.918,"body":"My dad would take me to card show"},{"speaker":"Aryeh Sheinbein","startTime":153.377,"endTime":156.918,"body":"like on a Sunday at one of these"},{"speaker":"Aryeh Sheinbein","startTime":156.918,"endTime":161.743,"body":"hotels and I'd see a card and I know"},{"speaker":"Aryeh Sheinbein","startTime":156.918,"endTime":161.743,"body":"right away yeah, maybe it was the"},{"speaker":"Aryeh Sheinbein","startTime":161.743,"endTime":163.123,"body":"dealer was selling it for a dollar."},{"speaker":"Aryeh Sheinbein","startTime":163.423,"endTime":166.243,"body":"And the book already was at three."},{"speaker":"Aryeh Sheinbein","startTime":166.403,"endTime":169.867,"body":"So typically back then, people would"},{"speaker":"Aryeh Sheinbein","startTime":166.403,"endTime":169.867,"body":"try and sell it for the book value,"},{"speaker":"Aryeh Sheinbein","startTime":169.897,"endTime":171.091,"body":"which was the price guide listing."},{"speaker":"Aryeh Sheinbein","startTime":171.481,"endTime":173.911,"body":"And they would buy it for half book."},{"speaker":"Aryeh Sheinbein","startTime":173.971,"endTime":175.201,"body":"That was like models."},{"speaker":"Aryeh Sheinbein","startTime":175.321,"endTime":177.091,"body":"It's almost like wholesale"},{"speaker":"Aryeh Sheinbein","startTime":175.321,"endTime":177.091,"body":"keystone pricing, right?"},{"speaker":"Aryeh Sheinbein","startTime":177.091,"endTime":179.191,"body":"Like you go into every"},{"speaker":"Aryeh Sheinbein","startTime":177.091,"endTime":179.191,"body":"sell store, it's $50."},{"speaker":"Aryeh Sheinbein","startTime":179.191,"endTime":180.421,"body":"That means they probably paid 25."},{"speaker":"Aryeh Sheinbein","startTime":180.811,"endTime":184.111,"body":"So when you go into the card store, if you"},{"speaker":"Aryeh Sheinbein","startTime":180.811,"endTime":184.111,"body":"want to sell your stuff, you knew that you"},{"speaker":"Aryeh Sheinbein","startTime":184.111,"endTime":185.414,"body":"were probably gonna get like half book."},{"speaker":"Aryeh Sheinbein","startTime":185.564,"endTime":189.134,"body":"And so I'd go to a show and the guy"},{"speaker":"Aryeh Sheinbein","startTime":185.564,"endTime":189.134,"body":"would tell for a dollar and I'd know"},{"speaker":"Aryeh Sheinbein","startTime":189.149,"endTime":193.801,"body":"that car was already Book Valley at three"},{"speaker":"Aryeh Sheinbein","startTime":189.149,"endTime":193.801,"body":"and which told me he probably wasn't up"},{"speaker":"Aryeh Sheinbein","startTime":193.801,"endTime":197.671,"body":"on the fact that this was a performing"},{"speaker":"Aryeh Sheinbein","startTime":193.801,"endTime":197.671,"body":"rookie or an unexpected performing rookie."},{"speaker":"Aryeh Sheinbein","startTime":198.031,"endTime":201.432,"body":"And I knew that this kid was playing"},{"speaker":"Aryeh Sheinbein","startTime":198.031,"endTime":201.432,"body":"really well and I felt okay, next"},{"speaker":"Aryeh Sheinbein","startTime":201.432,"endTime":204.418,"body":"time it could be four or five, just"},{"speaker":"Aryeh Sheinbein","startTime":201.432,"endTime":204.418,"body":"from a percentage standpoint and"},{"speaker":"Aryeh Sheinbein","startTime":204.478,"endTime":205.738,"body":"so I'd be like, Okay, I'll buy all."},{"speaker":"Aryeh Sheinbein","startTime":206.038,"endTime":209.669,"body":"And then if you're right you can"},{"speaker":"Aryeh Sheinbein","startTime":206.038,"endTime":209.669,"body":"sell them to the dealer later, like"},{"speaker":"Aryeh Sheinbein","startTime":209.669,"endTime":213.509,"body":"any dealer later for half book or"},{"speaker":"Aryeh Sheinbein","startTime":209.669,"endTime":213.509,"body":"you could do something, trade 'em"},{"speaker":"Aryeh Sheinbein","startTime":213.509,"endTime":215.063,"body":"with your friend, whatever it was."},{"speaker":"Aryeh Sheinbein","startTime":215.104,"endTime":216.514,"body":"And so that's a lot of"},{"speaker":"Aryeh Sheinbein","startTime":215.104,"endTime":216.514,"body":"times what I would do."},{"speaker":"Aryeh Sheinbein","startTime":216.514,"endTime":219.094,"body":"I would then arbitrage it into"},{"speaker":"Aryeh Sheinbein","startTime":216.514,"endTime":219.094,"body":"different things and either flip"},{"speaker":"Aryeh Sheinbein","startTime":219.094,"endTime":220.324,"body":"out of the card or do stuff."},{"speaker":"Aryeh Sheinbein","startTime":220.624,"endTime":222.694,"body":"And like I didn't really give it a"},{"speaker":"Aryeh Sheinbein","startTime":220.624,"endTime":222.694,"body":"lot of thought, but by the time I"},{"speaker":"Aryeh Sheinbein","startTime":222.694,"endTime":228.164,"body":"was like 15, 16, renting tables and"},{"speaker":"Aryeh Sheinbein","startTime":222.694,"endTime":228.164,"body":"became the dealer and selling myself,"},{"speaker":"Aryeh Sheinbein","startTime":228.204,"endTime":230.146,"body":"selling, my cards and stuff like that."},{"speaker":"Aryeh Sheinbein","startTime":230.206,"endTime":234.246,"body":"And what I found though was I'm like, holy"},{"speaker":"Aryeh Sheinbein","startTime":230.206,"endTime":234.246,"body":"cow, I'm behind the table the whole time,"},{"speaker":"Aryeh Sheinbein","startTime":234.251,"endTime":236.226,"body":"I can't really make deals with other deal."},{"speaker":"Aryeh Sheinbein","startTime":236.226,"endTime":237.396,"body":"I can't go and buy stuff."},{"speaker":"Aryeh Sheinbein","startTime":237.666,"endTime":240.232,"body":"So then I started having my"},{"speaker":"Aryeh Sheinbein","startTime":237.666,"endTime":240.232,"body":"friends come to the shows with me."},{"speaker":"Aryeh Sheinbein","startTime":240.472,"endTime":244.207,"body":"They'd stay behind the table, I'd say"},{"speaker":"Aryeh Sheinbein","startTime":240.472,"endTime":244.207,"body":"the prices over here on this part of"},{"speaker":"Aryeh Sheinbein","startTime":244.207,"endTime":247.507,"body":"the table are negotiable over here is"},{"speaker":"Aryeh Sheinbein","startTime":244.207,"endTime":247.507,"body":"nothing's negotiable type of thing."},{"speaker":"Aryeh Sheinbein","startTime":247.567,"endTime":250.559,"body":"And I would go around, trying to"},{"speaker":"Aryeh Sheinbein","startTime":247.567,"endTime":250.559,"body":"find more inventory, so to speak."},{"speaker":"Aryeh Sheinbein","startTime":250.758,"endTime":251.148,"body":"And"},{"speaker":"Average Joe Finances","startTime":251.148,"endTime":252.798,"body":"you"},{"speaker":"Average Joe Finances","startTime":251.148,"endTime":252.798,"body":"started outsourcing at 15?"},{"speaker":"Aryeh Sheinbein","startTime":252.803,"endTime":253.128,"body":"Yes."},{"speaker":"Average Joe Finances","startTime":253.488,"endTime":253.908,"body":"Look at that."},{"speaker":"Average Joe Finances","startTime":254.208,"endTime":254.598,"body":"Awesome."},{"speaker":"Aryeh Sheinbein","startTime":255.048,"endTime":257.288,"body":"I wish I really"},{"speaker":"Aryeh Sheinbein","startTime":255.048,"endTime":257.288,"body":"would've leveraged some of those"},{"speaker":"Aryeh Sheinbein","startTime":257.288,"endTime":261.878,"body":"skills earlier on in my career with"},{"speaker":"Aryeh Sheinbein","startTime":257.288,"endTime":261.878,"body":"recognizing what I was actually doing."},{"speaker":"Aryeh Sheinbein","startTime":261.89,"endTime":264.764,"body":"I graduated high school and I"},{"speaker":"Aryeh Sheinbein","startTime":261.89,"endTime":264.764,"body":"immediately think I'm gonna be a lawyer."},{"speaker":"Aryeh Sheinbein","startTime":265.01,"endTime":266.623,"body":"And everybody's like,"},{"speaker":"Aryeh Sheinbein","startTime":265.01,"endTime":266.623,"body":"yeah, it's a great career."},{"speaker":"Aryeh Sheinbein","startTime":266.773,"endTime":269.563,"body":"And I remember freshman year"},{"speaker":"Aryeh Sheinbein","startTime":266.773,"endTime":269.563,"body":"having this professor and he's"},{"speaker":"Aryeh Sheinbein","startTime":269.563,"endTime":270.705,"body":"like, do you like reading?"},{"speaker":"Aryeh Sheinbein","startTime":270.855,"endTime":271.425,"body":"And I'm like, Yeah."},{"speaker":"Aryeh Sheinbein","startTime":271.495,"endTime":271.975,"body":"I like reading."},{"speaker":"Aryeh Sheinbein","startTime":272.395,"endTime":273.554,"body":"He's No, like a lot."},{"speaker":"Aryeh Sheinbein","startTime":273.814,"endTime":274.994,"body":"I'm like, No, I don't know."},{"speaker":"Aryeh Sheinbein","startTime":275.204,"endTime":276.974,"body":"He's like the same thing over and over."},{"speaker":"Aryeh Sheinbein","startTime":277.184,"endTime":277.839,"body":"I'm like no."},{"speaker":"Aryeh Sheinbein","startTime":278.199,"endTime":280.579,"body":"He starts giving me basically"},{"speaker":"Aryeh Sheinbein","startTime":278.199,"endTime":280.579,"body":"all the bad things about being"},{"speaker":"Aryeh Sheinbein","startTime":280.579,"endTime":281.848,"body":"a lawyer, and I'm like no."},{"speaker":"Aryeh Sheinbein","startTime":281.998,"endTime":283.216,"body":"He's You're gonna hate being a lawyer."},{"speaker":"Aryeh Sheinbein","startTime":283.421,"endTime":284.741,"body":"I'm like, Oh, okay."},{"speaker":"Aryeh Sheinbein","startTime":284.921,"endTime":288.851,"body":"So immediately I pivot by the end of"},{"speaker":"Aryeh Sheinbein","startTime":284.921,"endTime":288.851,"body":"my freshman year to go into finance"},{"speaker":"Aryeh Sheinbein","startTime":289.331,"endTime":293.111,"body":"and it became very clear that like"},{"speaker":"Aryeh Sheinbein","startTime":289.331,"endTime":293.111,"body":"stocks, like I actually had started"},{"speaker":"Aryeh Sheinbein","startTime":293.111,"endTime":297.174,"body":"investing in like mutual funds"},{"speaker":"Aryeh Sheinbein","startTime":293.111,"endTime":297.174,"body":"when I was a little, like 13 to 17."},{"speaker":"Aryeh Sheinbein","startTime":297.384,"endTime":299.917,"body":"And then like senior year, I think we"},{"speaker":"Aryeh Sheinbein","startTime":297.384,"endTime":299.917,"body":"had the stock market game, but I didn't"},{"speaker":"Aryeh Sheinbein","startTime":299.922,"endTime":301.477,"body":"really fully understand all the stuff."},{"speaker":"Aryeh Sheinbein","startTime":301.747,"endTime":304.657,"body":"I was like, okay, whatever the"},{"speaker":"Aryeh Sheinbein","startTime":301.747,"endTime":304.657,"body":"money, my money becomes worth more."},{"speaker":"Aryeh Sheinbein","startTime":304.687,"endTime":305.159,"body":"Sounds good."},{"speaker":"Aryeh Sheinbein","startTime":305.159,"endTime":309.715,"body":"So freshman year I started really"},{"speaker":"Aryeh Sheinbein","startTime":305.159,"endTime":309.715,"body":"getting into stocks in the market"},{"speaker":"Aryeh Sheinbein","startTime":309.715,"endTime":310.825,"body":"and understanding business more."},{"speaker":"Aryeh Sheinbein","startTime":310.825,"endTime":312.985,"body":"And so low and behold, like"},{"speaker":"Aryeh Sheinbein","startTime":310.825,"endTime":312.985,"body":"that was the path I went."},{"speaker":"Aryeh Sheinbein","startTime":313.375,"endTime":317.205,"body":"And when I graduated, I was like,"},{"speaker":"Aryeh Sheinbein","startTime":313.375,"endTime":317.205,"body":"Okay , I don't wanna be a stock worker."},{"speaker":"Aryeh Sheinbein","startTime":317.205,"endTime":317.775,"body":"I don't wanna do this."},{"speaker":"Aryeh Sheinbein","startTime":317.775,"endTime":319.005,"body":"I actually interned for stock workers."},{"speaker":"Aryeh Sheinbein","startTime":319.029,"endTime":321.442,"body":"I did the whole cold calling"},{"speaker":"Aryeh Sheinbein","startTime":319.029,"endTime":321.442,"body":"thing when I was like in, college."},{"speaker":"Aryeh Sheinbein","startTime":321.442,"endTime":322.372,"body":"And I was like, This is horrible."},{"speaker":"Aryeh Sheinbein","startTime":322.372,"endTime":323.15,"body":"This's not what I want."},{"speaker":"Aryeh Sheinbein","startTime":323.15,"endTime":325.644,"body":"And so  I did what we call"},{"speaker":"Aryeh Sheinbein","startTime":323.15,"endTime":325.644,"body":"informational interviews."},{"speaker":"Aryeh Sheinbein","startTime":326.019,"endTime":328.689,"body":"I had met with tons and tons of people"},{"speaker":"Aryeh Sheinbein","startTime":326.019,"endTime":328.689,"body":"and I'm like, What do you do for a living?"},{"speaker":"Aryeh Sheinbein","startTime":328.839,"endTime":329.319,"body":"What is it?"},{"speaker":"Aryeh Sheinbein","startTime":329.409,"endTime":331.809,"body":"Okay, tell me what your job"},{"speaker":"Aryeh Sheinbein","startTime":329.409,"endTime":331.809,"body":"is like, All the things."},{"speaker":"Aryeh Sheinbein","startTime":332.199,"endTime":336.37,"body":"And so I got into investment banking"},{"speaker":"Aryeh Sheinbein","startTime":332.199,"endTime":336.37,"body":"and I was very focused in college"},{"speaker":"Aryeh Sheinbein","startTime":336.49,"endTime":339.752,"body":"that this was the job I wanted and I"},{"speaker":"Aryeh Sheinbein","startTime":336.49,"endTime":339.752,"body":"was going to get it, and I was gonna"},{"speaker":"Aryeh Sheinbein","startTime":339.757,"endTime":343.352,"body":"do well in school and I was gonna"},{"speaker":"Aryeh Sheinbein","startTime":339.757,"endTime":343.352,"body":"focus and I was gonna get this job."},{"speaker":"Aryeh Sheinbein","startTime":343.363,"endTime":344.568,"body":"And that was the path that happened."},{"speaker":"Aryeh Sheinbein","startTime":344.718,"endTime":349.002,"body":"Ultimately what happened though was"},{"speaker":"Aryeh Sheinbein","startTime":344.718,"endTime":349.002,"body":"once I got this job, I'm like, I'm not"},{"speaker":"Aryeh Sheinbein","startTime":349.007,"endTime":354.142,"body":"so sure how much I love this job, but"},{"speaker":"Aryeh Sheinbein","startTime":349.007,"endTime":354.142,"body":"it was a nice paying job, but I also"},{"speaker":"Aryeh Sheinbein","startTime":354.352,"endTime":361.192,"body":"fell upon sports cards again, and I"},{"speaker":"Aryeh Sheinbein","startTime":354.352,"endTime":361.192,"body":"started a nighttime side hustle and"},{"speaker":"Aryeh Sheinbein","startTime":361.642,"endTime":365.812,"body":"got into buying on one marketplace"},{"speaker":"Aryeh Sheinbein","startTime":361.642,"endTime":365.812,"body":"and selling on another market place."},{"speaker":"Aryeh Sheinbein","startTime":365.812,"endTime":369.862,"body":"So it was effectively arbitraging,"},{"speaker":"Aryeh Sheinbein","startTime":365.812,"endTime":369.862,"body":"sealed card boxes, not just"},{"speaker":"Aryeh Sheinbein","startTime":369.862,"endTime":370.912,"body":"the single cards anymore."},{"speaker":"Aryeh Sheinbein","startTime":370.912,"endTime":373.162,"body":"I was buying, and then I was"},{"speaker":"Aryeh Sheinbein","startTime":370.912,"endTime":373.162,"body":"starting to buy by the case."},{"speaker":"Aryeh Sheinbein","startTime":373.462,"endTime":376.732,"body":"And so I would take the cases"},{"speaker":"Aryeh Sheinbein","startTime":373.462,"endTime":376.732,"body":"and you have a sealed case, which"},{"speaker":"Aryeh Sheinbein","startTime":376.732,"endTime":379.305,"body":"has X number of sealed boxes and"},{"speaker":"Aryeh Sheinbein","startTime":376.732,"endTime":379.305,"body":"I was selling them by the block."},{"speaker":"Aryeh Sheinbein","startTime":379.472,"endTime":383.102,"body":"And then I started saying, Okay,"},{"speaker":"Aryeh Sheinbein","startTime":379.472,"endTime":383.102,"body":"the market was bigger and I got into"},{"speaker":"Aryeh Sheinbein","startTime":383.102,"endTime":387.111,"body":"wholesaling other, fishing and camping"},{"speaker":"Aryeh Sheinbein","startTime":383.102,"endTime":387.111,"body":"gear and all these different things."},{"speaker":"Aryeh Sheinbein","startTime":387.261,"endTime":391.195,"body":"And this is what I was doing at night"},{"speaker":"Aryeh Sheinbein","startTime":387.261,"endTime":391.195,"body":"while running like a full time big job."},{"speaker":"Aryeh Sheinbein","startTime":391.262,"endTime":394.577,"body":"And ultimately when I was doing all"},{"speaker":"Aryeh Sheinbein","startTime":391.262,"endTime":394.577,"body":"this online stuff, I realized okay, I"},{"speaker":"Aryeh Sheinbein","startTime":394.577,"endTime":397.785,"body":"need to learn marketing and I need to"},{"speaker":"Aryeh Sheinbein","startTime":394.577,"endTime":397.785,"body":"understand customer service and email"},{"speaker":"Aryeh Sheinbein","startTime":397.785,"endTime":398.835,"body":"marketing and all these different things."},{"speaker":"Aryeh Sheinbein","startTime":398.835,"endTime":401.875,"body":"I started picking up all these other skill"},{"speaker":"Aryeh Sheinbein","startTime":398.835,"endTime":401.875,"body":"sets in addition to the finance stuff."},{"speaker":"Aryeh Sheinbein","startTime":402.025,"endTime":407.245,"body":"And on my own though I was probably"},{"speaker":"Aryeh Sheinbein","startTime":402.025,"endTime":407.245,"body":"doing a lot of financial education."},{"speaker":"Aryeh Sheinbein","startTime":407.545,"endTime":412.985,"body":"In addition to my day job, which taught"},{"speaker":"Aryeh Sheinbein","startTime":407.545,"endTime":412.985,"body":"me about valuing businesses and acquiring"},{"speaker":"Aryeh Sheinbein","startTime":412.985,"endTime":414.588,"body":"businesses and all that kind of stuff."},{"speaker":"Aryeh Sheinbein","startTime":414.738,"endTime":417.858,"body":"And that's when I just started"},{"speaker":"Aryeh Sheinbein","startTime":414.738,"endTime":417.858,"body":"going deeper and deeper into"},{"speaker":"Aryeh Sheinbein","startTime":417.888,"endTime":422.093,"body":"personal finances and trying to"},{"speaker":"Aryeh Sheinbein","startTime":417.888,"endTime":422.093,"body":"understand anything I could really."},{"speaker":"Aryeh Sheinbein","startTime":422.093,"endTime":424.352,"body":"And the truth was, is like in the"},{"speaker":"Aryeh Sheinbein","startTime":422.093,"endTime":424.352,"body":"beginning you didn't have Reddit."},{"speaker":"Aryeh Sheinbein","startTime":424.352,"endTime":425.718,"body":"You didn't have the tools today."},{"speaker":"Aryeh Sheinbein","startTime":425.746,"endTime":429.151,"body":"I tell my kids and people I talked"},{"speaker":"Aryeh Sheinbein","startTime":425.746,"endTime":429.151,"body":"to who work for me, like what you"},{"speaker":"Aryeh Sheinbein","startTime":429.151,"endTime":433.144,"body":"can learn in 12 months today probably"},{"speaker":"Aryeh Sheinbein","startTime":429.151,"endTime":433.144,"body":"would've taken like five to 10 years,"},{"speaker":"Aryeh Sheinbein","startTime":433.499,"endTime":437.433,"body":"a decade ago or two decades, Like the"},{"speaker":"Aryeh Sheinbein","startTime":433.499,"endTime":437.433,"body":"unfair advantage of the information."},{"speaker":"Aryeh Sheinbein","startTime":437.433,"endTime":438.65,"body":"Like even this conversation, right?"},{"speaker":"Aryeh Sheinbein","startTime":438.65,"endTime":440.195,"body":"You're in Hawaii, I'm in New Jersey."},{"speaker":"Aryeh Sheinbein","startTime":440.202,"endTime":443.433,"body":"What are the odds we would like without"},{"speaker":"Aryeh Sheinbein","startTime":440.202,"endTime":443.433,"body":"the internet, without podcasts, we"},{"speaker":"Aryeh Sheinbein","startTime":443.433,"endTime":444.873,"body":"wouldn't have these conversations."},{"speaker":"Aryeh Sheinbein","startTime":444.878,"endTime":447.7,"body":"So the evolution of"},{"speaker":"Aryeh Sheinbein","startTime":444.878,"endTime":447.7,"body":"all this is tremendous."},{"speaker":"Aryeh Sheinbein","startTime":447.94,"endTime":451.927,"body":"So basically between my side"},{"speaker":"Aryeh Sheinbein","startTime":447.94,"endTime":451.927,"body":"hustles and my day jobs, like I"},{"speaker":"Aryeh Sheinbein","startTime":451.93,"endTime":455.14,"body":"encompassed everything, investing,"},{"speaker":"Aryeh Sheinbein","startTime":451.93,"endTime":455.14,"body":"everything, business, everything."},{"speaker":"Aryeh Sheinbein","startTime":455.17,"endTime":459.138,"body":"And so I juggled like a number of"},{"speaker":"Aryeh Sheinbein","startTime":455.17,"endTime":459.138,"body":"things now where I still have for large"},{"speaker":"Aryeh Sheinbein","startTime":459.138,"endTime":460.548,"body":"private equity firms and hedge funds."},{"speaker":"Aryeh Sheinbein","startTime":460.968,"endTime":464.118,"body":"And at the same time though, I have a"},{"speaker":"Aryeh Sheinbein","startTime":460.968,"endTime":464.118,"body":"couple e-commerce businesses I'm involved"},{"speaker":"Aryeh Sheinbein","startTime":464.118,"endTime":468.078,"body":"with, and I help people really understand"},{"speaker":"Aryeh Sheinbein","startTime":464.118,"endTime":468.078,"body":"the investing and their personal finances."},{"speaker":"Aryeh Sheinbein","startTime":468.083,"endTime":470.431,"body":"So it's all these things"},{"speaker":"Aryeh Sheinbein","startTime":468.083,"endTime":470.431,"body":"wrapped into one now."},{"speaker":"Average Joe Finances","startTime":470.591,"endTime":472.912,"body":"All coming"},{"speaker":"Average Joe Finances","startTime":470.591,"endTime":472.912,"body":"full circle and all started with that"},{"speaker":"Average Joe Finances","startTime":472.917,"endTime":474.952,"body":"passion for sports cards at a young age."},{"speaker":"Average Joe Finances","startTime":475.257,"endTime":479.308,"body":"And it's funny because you were doing"},{"speaker":"Average Joe Finances","startTime":475.257,"endTime":479.308,"body":"things back then, like you said you wish"},{"speaker":"Average Joe Finances","startTime":479.308,"endTime":483.808,"body":"that you would've known the processes that"},{"speaker":"Average Joe Finances","startTime":479.308,"endTime":483.808,"body":"you were doing back then to apply them a"},{"speaker":"Average Joe Finances","startTime":483.808,"endTime":485.488,"body":"little earlier in your investing career."},{"speaker":"Average Joe Finances","startTime":485.488,"endTime":488.483,"body":"But, I think in the back of your"},{"speaker":"Average Joe Finances","startTime":485.488,"endTime":488.483,"body":"head, it was always in the back of"},{"speaker":"Average Joe Finances","startTime":488.488,"endTime":490.073,"body":"your brain to do things that way."},{"speaker":"Average Joe Finances","startTime":490.343,"endTime":494.964,"body":"And at the age of 15 to realize, to"},{"speaker":"Average Joe Finances","startTime":490.343,"endTime":494.964,"body":"say, Hey, at this, I can buy cards"},{"speaker":"Average Joe Finances","startTime":494.969,"endTime":496.164,"body":"while I'm sitting here at the table."},{"speaker":"Average Joe Finances","startTime":496.164,"endTime":498.246,"body":"So let me think of a way to do"},{"speaker":"Average Joe Finances","startTime":496.164,"endTime":498.246,"body":"this differently and you started"},{"speaker":"Average Joe Finances","startTime":498.246,"endTime":502.627,"body":"bringing in quote unquote employees"},{"speaker":"Average Joe Finances","startTime":498.246,"endTime":502.627,"body":"slash friends to outsource that"},{"speaker":"Average Joe Finances","startTime":502.627,"endTime":505.867,"body":"work to, Hey, you guys worked the"},{"speaker":"Average Joe Finances","startTime":502.627,"endTime":505.867,"body":"table, I'm gonna go find more deals."},{"speaker":"Average Joe Finances","startTime":505.867,"endTime":510.635,"body":"And by doing that, you were able to"},{"speaker":"Average Joe Finances","startTime":505.867,"endTime":510.635,"body":"to scale your little card business"},{"speaker":"Average Joe Finances","startTime":510.677,"endTime":513.622,"body":"deal right there or your table and"},{"speaker":"Average Joe Finances","startTime":510.677,"endTime":513.622,"body":"everything, you're able to scale"},{"speaker":"Average Joe Finances","startTime":513.627,"endTime":516.652,"body":"that up to the next level where you"},{"speaker":"Average Joe Finances","startTime":513.627,"endTime":516.652,"body":"wouldn't have been able to do that if"},{"speaker":"Average Joe Finances","startTime":516.652,"endTime":517.822,"body":"you were just doing it by yourself."},{"speaker":"Average Joe Finances","startTime":517.822,"endTime":520.952,"body":"So right away you realized you"},{"speaker":"Average Joe Finances","startTime":517.822,"endTime":520.952,"body":"needed a team, which was huge."},{"speaker":"Average Joe Finances","startTime":520.98,"endTime":523.755,"body":"The other piece though when you talk"},{"speaker":"Average Joe Finances","startTime":520.98,"endTime":523.755,"body":"about Because there, there's a lot to"},{"speaker":"Average Joe Finances","startTime":523.76,"endTime":525.195,"body":"unpack here with everything you just said."},{"speaker":"Average Joe Finances","startTime":525.62,"endTime":529.322,"body":"but you started off in school and"},{"speaker":"Average Joe Finances","startTime":525.62,"endTime":529.322,"body":"realized, okay I definitely don't wanna"},{"speaker":"Average Joe Finances","startTime":529.322,"endTime":532.332,"body":"be a lawyer just after having this"},{"speaker":"Average Joe Finances","startTime":529.322,"endTime":532.332,"body":"one conversation with this professor."},{"speaker":"Average Joe Finances","startTime":532.332,"endTime":535.478,"body":"Thank goodness he talked to you"},{"speaker":"Average Joe Finances","startTime":532.332,"endTime":535.478,"body":"right away and got through to you."},{"speaker":"Average Joe Finances","startTime":535.538,"endTime":538.582,"body":"Cuz otherwise, what happens if you"},{"speaker":"Average Joe Finances","startTime":535.538,"endTime":538.582,"body":"would've went down that path and now"},{"speaker":"Average Joe Finances","startTime":538.582,"endTime":541.875,"body":"you're stuck in a job that you really"},{"speaker":"Average Joe Finances","startTime":538.582,"endTime":541.875,"body":"dislike and the other things that you"},{"speaker":"Average Joe Finances","startTime":541.875,"endTime":544.45,"body":"had a passion for might just go away."},{"speaker":"Average Joe Finances","startTime":544.45,"endTime":547.132,"body":"Like you wouldn't have this side"},{"speaker":"Average Joe Finances","startTime":544.45,"endTime":547.132,"body":"hustle that you're doing at night or"},{"speaker":"Average Joe Finances","startTime":547.132,"endTime":550.132,"body":"have these e-commerce stores because"},{"speaker":"Average Joe Finances","startTime":547.132,"endTime":550.132,"body":"one, you probably wouldn't have the"},{"speaker":"Average Joe Finances","startTime":550.132,"endTime":553.967,"body":"time as a lawyer to do that and two,"},{"speaker":"Average Joe Finances","startTime":550.132,"endTime":553.967,"body":"the passion and the drive probably"},{"speaker":"Average Joe Finances","startTime":553.972,"endTime":555.137,"body":"would've just been eaten away."},{"speaker":"Average Joe Finances","startTime":555.497,"endTime":559.953,"body":"So the fact that you pivoted at that"},{"speaker":"Average Joe Finances","startTime":555.497,"endTime":559.953,"body":"time really helped set yourself up."},{"speaker":"Average Joe Finances","startTime":560.021,"endTime":563.547,"body":"And I bring this up because I think it's"},{"speaker":"Average Joe Finances","startTime":560.021,"endTime":563.547,"body":"important for people to pay attention to"},{"speaker":"Average Joe Finances","startTime":563.697,"endTime":566.927,"body":"whatever career field you're going into,"},{"speaker":"Average Joe Finances","startTime":563.697,"endTime":566.927,"body":"or if you're in a career field right now"},{"speaker":"Average Joe Finances","startTime":566.927,"endTime":571.367,"body":"that you truly dislike and it feels like"},{"speaker":"Average Joe Finances","startTime":566.927,"endTime":571.367,"body":"it's just sucking all the energy out of"},{"speaker":"Average Joe Finances","startTime":571.372,"endTime":573.167,"body":"you, maybe rethink what you're doing."},{"speaker":"Average Joe Finances","startTime":573.317,"endTime":575.507,"body":"Maybe get involved in"},{"speaker":"Average Joe Finances","startTime":573.317,"endTime":575.507,"body":"something that you enjoy."},{"speaker":"Average Joe Finances","startTime":575.507,"endTime":579.33,"body":"So you got yourself involved in finances"},{"speaker":"Average Joe Finances","startTime":575.507,"endTime":579.33,"body":"seems like you enjoy that a little bit."},{"speaker":"Average Joe Finances","startTime":579.33,"endTime":580.576,"body":"I think we all like money."},{"speaker":"Average Joe Finances","startTime":580.576,"endTime":581.643,"body":"I know, I certainly do."},{"speaker":"Average Joe Finances","startTime":581.863,"endTime":584.005,"body":"So you changed it up,"},{"speaker":"Average Joe Finances","startTime":581.863,"endTime":584.005,"body":"you went down that route."},{"speaker":"Average Joe Finances","startTime":584.072,"endTime":589.273,"body":"And then decided to do the cards again as"},{"speaker":"Average Joe Finances","startTime":584.072,"endTime":589.273,"body":"a side business as a side hustle at night."},{"speaker":"Average Joe Finances","startTime":589.319,"endTime":593.767,"body":"And I think that's pretty awesome because"},{"speaker":"Average Joe Finances","startTime":589.319,"endTime":593.767,"body":"not only were you in a good job, but"},{"speaker":"Average Joe Finances","startTime":593.767,"endTime":597.645,"body":"you started doing something else to"},{"speaker":"Average Joe Finances","startTime":593.767,"endTime":597.645,"body":"also increase your income which in turn"},{"speaker":"Average Joe Finances","startTime":597.645,"endTime":600.13,"body":"gave you more money to invest, right?"},{"speaker":"Average Joe Finances","startTime":600.13,"endTime":602.082,"body":"To build up what you've been building on."},{"speaker":"Average Joe Finances","startTime":602.502,"endTime":606.587,"body":"And I think a lot of people, lose"},{"speaker":"Average Joe Finances","startTime":602.502,"endTime":606.587,"body":"focus and realize that, you can"},{"speaker":"Average Joe Finances","startTime":606.737,"endTime":610.791,"body":"still have your nine to five job and"},{"speaker":"Average Joe Finances","startTime":606.737,"endTime":610.791,"body":"start up a side hustle and even get"},{"speaker":"Average Joe Finances","startTime":610.791,"endTime":613.221,"body":"to the point where your side hustle"},{"speaker":"Average Joe Finances","startTime":610.791,"endTime":613.221,"body":"can become your main hustle, right?"},{"speaker":"Average Joe Finances","startTime":613.221,"endTime":614.541,"body":"You can work yourself out of a job."},{"speaker":"Average Joe Finances","startTime":614.61,"endTime":617.58,"body":"So I think that's important to show"},{"speaker":"Average Joe Finances","startTime":614.61,"endTime":617.58,"body":"that what you were doing during the day"},{"speaker":"Average Joe Finances","startTime":617.93,"endTime":622.37,"body":"which is, was a very big job, and I'm"},{"speaker":"Average Joe Finances","startTime":617.93,"endTime":622.37,"body":"sure it was very time consuming, but you"},{"speaker":"Average Joe Finances","startTime":622.37,"endTime":626.126,"body":"still took some time outta your day to"},{"speaker":"Average Joe Finances","startTime":622.37,"endTime":626.126,"body":"do these other things in the evening."},{"speaker":"Average Joe Finances","startTime":626.132,"endTime":628.497,"body":"So I think that's just something I"},{"speaker":"Average Joe Finances","startTime":626.132,"endTime":628.497,"body":"wanted to point out that I wrote down."},{"speaker":"Average Joe Finances","startTime":628.887,"endTime":632.987,"body":"And the other piece of that is"},{"speaker":"Average Joe Finances","startTime":628.887,"endTime":632.987,"body":"the other pieces that you had"},{"speaker":"Average Joe Finances","startTime":632.987,"endTime":634.814,"body":"to learn in doing so, right?"},{"speaker":"Average Joe Finances","startTime":635.024,"endTime":636.734,"body":"You had to learn marketing, right?"},{"speaker":"Average Joe Finances","startTime":636.734,"endTime":639.734,"body":"You had to learn all these different"},{"speaker":"Average Joe Finances","startTime":636.734,"endTime":639.734,"body":"skill sets to continue to do"},{"speaker":"Average Joe Finances","startTime":640.154,"endTime":642.884,"body":"and scale your side businesses."},{"speaker":"Average Joe Finances","startTime":642.895,"endTime":644.005,"body":"I just wanted to point that out."},{"speaker":"Average Joe Finances","startTime":644.005,"endTime":648.991,"body":"Now, going into how you got started,"},{"speaker":"Average Joe Finances","startTime":644.005,"endTime":648.991,"body":"so you started wholesaling the sports"},{"speaker":"Average Joe Finances","startTime":648.996,"endTime":652.751,"body":"cards and everything, and then you said"},{"speaker":"Average Joe Finances","startTime":648.996,"endTime":652.751,"body":"you got into some eCommerce businesses."},{"speaker":"Average Joe Finances","startTime":652.756,"endTime":655.671,"body":"So what kind of eCommerce businesses"},{"speaker":"Average Joe Finances","startTime":652.756,"endTime":655.671,"body":"do you do right now on the side?"},{"speaker":"Aryeh Sheinbein","startTime":655.889,"endTime":660.279,"body":"So when I first"},{"speaker":"Aryeh Sheinbein","startTime":655.889,"endTime":660.279,"body":"started, it's very interesting where your"},{"speaker":"Aryeh Sheinbein","startTime":660.279,"endTime":661.809,"body":"average person doesn't think about data."},{"speaker":"Aryeh Sheinbein","startTime":661.839,"endTime":663.879,"body":"You have a conversation with your"},{"speaker":"Aryeh Sheinbein","startTime":661.839,"endTime":663.879,"body":"neighbor, the Average Joe, right?"},{"speaker":"Aryeh Sheinbein","startTime":663.884,"endTime":666.489,"body":"Like how often do you say, Oh,"},{"speaker":"Aryeh Sheinbein","startTime":663.884,"endTime":666.489,"body":"I studied this data, right?"},{"speaker":"Aryeh Sheinbein","startTime":666.489,"endTime":670.209,"body":"Like nobody, It sounds like you sound"},{"speaker":"Aryeh Sheinbein","startTime":666.489,"endTime":670.209,"body":"ridiculous, but if you really think about"},{"speaker":"Aryeh Sheinbein","startTime":670.209,"endTime":675.339,"body":"it in one way, shape, or form, data drives"},{"speaker":"Aryeh Sheinbein","startTime":670.209,"endTime":675.339,"body":"a lot of our decisions and a lot of our"},{"speaker":"Aryeh Sheinbein","startTime":675.344,"endTime":681.761,"body":"thought process back when I was starting"},{"speaker":"Aryeh Sheinbein","startTime":675.344,"endTime":681.761,"body":"it, eBay, didn't give you granular data."},{"speaker":"Aryeh Sheinbein","startTime":682.091,"endTime":684.761,"body":"They were starting to have companies"},{"speaker":"Aryeh Sheinbein","startTime":682.091,"endTime":684.761,"body":"like connect to the back end, what"},{"speaker":"Aryeh Sheinbein","startTime":684.761,"endTime":689.179,"body":"we would call like the API to pull"},{"speaker":"Aryeh Sheinbein","startTime":684.761,"endTime":689.179,"body":"the data, but visually, optically,"},{"speaker":"Aryeh Sheinbein","startTime":689.329,"endTime":692.899,"body":"there was enough pieces of information"},{"speaker":"Aryeh Sheinbein","startTime":689.329,"endTime":692.899,"body":"that you could piece together the"},{"speaker":"Aryeh Sheinbein","startTime":692.899,"endTime":694.579,"body":"story if you were paying attention."},{"speaker":"Aryeh Sheinbein","startTime":694.909,"endTime":698.839,"body":"So when I started on eBay, you could"},{"speaker":"Aryeh Sheinbein","startTime":694.909,"endTime":698.839,"body":"actually advertise on eBay's homepage."},{"speaker":"Aryeh Sheinbein","startTime":699.229,"endTime":703.674,"body":"You could run your listing on the"},{"speaker":"Aryeh Sheinbein","startTime":699.229,"endTime":703.674,"body":"front of eBay's homepage, and it would,"},{"speaker":"Aryeh Sheinbein","startTime":703.674,"endTime":705.354,"body":"let's say you did a seven day auction."},{"speaker":"Aryeh Sheinbein","startTime":705.654,"endTime":708.954,"body":"It would rotate, let's say three times"},{"speaker":"Aryeh Sheinbein","startTime":705.654,"endTime":708.954,"body":"over seven days, and you would see the"},{"speaker":"Aryeh Sheinbein","startTime":708.959,"endTime":711.215,"body":"spike of sales, like during that period."},{"speaker":"Aryeh Sheinbein","startTime":711.365,"endTime":714.845,"body":"What I figured out very quickly"},{"speaker":"Aryeh Sheinbein","startTime":711.365,"endTime":714.845,"body":"was no one is gonna pay."},{"speaker":"Aryeh Sheinbein","startTime":714.845,"endTime":716.615,"body":"It was like a hundred"},{"speaker":"Aryeh Sheinbein","startTime":714.845,"endTime":716.615,"body":"dollars for seven days."},{"speaker":"Aryeh Sheinbein","startTime":716.915,"endTime":720.029,"body":"No one was gonna pay a hundred dollars"},{"speaker":"Aryeh Sheinbein","startTime":716.915,"endTime":720.029,"body":"over and over again if it wasn't working."},{"speaker":"Aryeh Sheinbein","startTime":720.179,"endTime":722.699,"body":"And so therefore I'm like,"},{"speaker":"Aryeh Sheinbein","startTime":720.179,"endTime":722.699,"body":"Okay, this is clearly working"},{"speaker":"Aryeh Sheinbein","startTime":722.849,"endTime":724.439,"body":"cuz I'm seeing the same things."},{"speaker":"Aryeh Sheinbein","startTime":724.559,"endTime":728.309,"body":"So now I just need to find how"},{"speaker":"Aryeh Sheinbein","startTime":724.559,"endTime":728.309,"body":"I can buy those things because"},{"speaker":"Aryeh Sheinbein","startTime":728.309,"endTime":729.479,"body":"someone else has figured it out."},{"speaker":"Aryeh Sheinbein","startTime":729.749,"endTime":731.819,"body":"And if someone else could figure"},{"speaker":"Aryeh Sheinbein","startTime":729.749,"endTime":731.819,"body":"it out, I must be able to figure"},{"speaker":"Aryeh Sheinbein","startTime":731.819,"endTime":736.559,"body":"it out not because I'm any smarter,"},{"speaker":"Aryeh Sheinbein","startTime":731.819,"endTime":736.559,"body":"but it can't be that I need to be a"},{"speaker":"Aryeh Sheinbein","startTime":736.559,"endTime":738.179,"body":"rocket scientist to figure this out."},{"speaker":"Aryeh Sheinbein","startTime":738.249,"endTime":741.891,"body":"And so I went and I found, I asked"},{"speaker":"Aryeh Sheinbein","startTime":738.249,"endTime":741.891,"body":"questions, I poked around and I found, So"},{"speaker":"Aryeh Sheinbein","startTime":741.891,"endTime":744.111,"body":"in the beginning I was product agnostic."},{"speaker":"Aryeh Sheinbein","startTime":744.141,"endTime":746.749,"body":"I did not care what I was"},{"speaker":"Aryeh Sheinbein","startTime":744.141,"endTime":746.749,"body":"selling, I just wanted to know"},{"speaker":"Aryeh Sheinbein","startTime":746.749,"endTime":748.009,"body":"that it was gonna sell, right?"},{"speaker":"Aryeh Sheinbein","startTime":748.009,"endTime":749.269,"body":"So the data drove that."},{"speaker":"Aryeh Sheinbein","startTime":749.659,"endTime":754.021,"body":"And then when Amazon became the platform"},{"speaker":"Aryeh Sheinbein","startTime":749.659,"endTime":754.021,"body":"of choice, and then eventually Amazon"},{"speaker":"Aryeh Sheinbein","startTime":754.021,"endTime":757.621,"body":"created this thing called FBA Fulfillment"},{"speaker":"Aryeh Sheinbein","startTime":754.021,"endTime":757.621,"body":"by Amazon, where I didn't have to do any"},{"speaker":"Aryeh Sheinbein","startTime":757.626,"endTime":759.096,"body":"of the shipping or things of that nature."},{"speaker":"Aryeh Sheinbein","startTime":759.246,"endTime":763.296,"body":"Then I was able to actually really"},{"speaker":"Aryeh Sheinbein","startTime":759.246,"endTime":763.296,"body":"study data and look at things."},{"speaker":"Aryeh Sheinbein","startTime":763.566,"endTime":766.716,"body":"And again, it didn't require me"},{"speaker":"Aryeh Sheinbein","startTime":763.566,"endTime":766.716,"body":"and my face to be the marketer."},{"speaker":"Aryeh Sheinbein","startTime":766.866,"endTime":772.116,"body":"I was just like reselling brands that"},{"speaker":"Aryeh Sheinbein","startTime":766.866,"endTime":772.116,"body":"clearly had demand and all I had to do was"},{"speaker":"Aryeh Sheinbein","startTime":772.121,"endTime":776.886,"body":"find that brand and find them, have them"},{"speaker":"Aryeh Sheinbein","startTime":772.121,"endTime":776.886,"body":"sell it to me at a wholesale price and"},{"speaker":"Aryeh Sheinbein","startTime":776.891,"endTime":779.07,"body":"then I could resell it at retail price."},{"speaker":"Aryeh Sheinbein","startTime":779.43,"endTime":781.56,"body":"So now it's evolved."},{"speaker":"Aryeh Sheinbein","startTime":781.8,"endTime":785.844,"body":"It started out in one thing, the market's"},{"speaker":"Aryeh Sheinbein","startTime":781.8,"endTime":785.844,"body":"changed, I guess the competition has"},{"speaker":"Aryeh Sheinbein","startTime":785.844,"endTime":787.974,"body":"changed the ability for other people."},{"speaker":"Aryeh Sheinbein","startTime":787.974,"endTime":790.695,"body":"People are marketing courses"},{"speaker":"Aryeh Sheinbein","startTime":787.974,"endTime":790.695,"body":"around stuff like this, so it's"},{"speaker":"Aryeh Sheinbein","startTime":790.695,"endTime":792.017,"body":"not nobody knew about this stuff."},{"speaker":"Aryeh Sheinbein","startTime":792.497,"endTime":797.758,"body":"And so I generally have certain"},{"speaker":"Aryeh Sheinbein","startTime":792.497,"endTime":797.758,"body":"categories that I sell, that I have"},{"speaker":"Aryeh Sheinbein","startTime":797.758,"endTime":802.408,"body":"either exclusive relationships with the"},{"speaker":"Aryeh Sheinbein","startTime":797.758,"endTime":802.408,"body":"manufacturer, that I am one of one or"},{"speaker":"Aryeh Sheinbein","startTime":802.413,"endTime":805.708,"body":"one of five or less that are allowed"},{"speaker":"Aryeh Sheinbein","startTime":802.413,"endTime":805.708,"body":"to sell their products on Amazon."},{"speaker":"Aryeh Sheinbein","startTime":805.708,"endTime":810.823,"body":"So we're an authorized reseller or we went"},{"speaker":"Aryeh Sheinbein","startTime":805.708,"endTime":810.823,"body":"to the manufacturer, like a lot of people"},{"speaker":"Aryeh Sheinbein","startTime":810.823,"endTime":813.817,"body":"go to China and they wanna manufacture"},{"speaker":"Aryeh Sheinbein","startTime":810.823,"endTime":813.817,"body":"this stuff and I didn't wanna do that."},{"speaker":"Aryeh Sheinbein","startTime":814.207,"endTime":818.347,"body":"I wanted to go to the manufacturer and"},{"speaker":"Aryeh Sheinbein","startTime":814.207,"endTime":818.347,"body":"either make a change to the product"},{"speaker":"Aryeh Sheinbein","startTime":818.564,"endTime":823.004,"body":"or they wouldn't care if they made"},{"speaker":"Aryeh Sheinbein","startTime":818.564,"endTime":823.004,"body":"that product for me with my branding."},{"speaker":"Aryeh Sheinbein","startTime":823.304,"endTime":826.394,"body":"And a lot of conversations, a"},{"speaker":"Aryeh Sheinbein","startTime":823.304,"endTime":826.394,"body":"lot of understanding different"},{"speaker":"Aryeh Sheinbein","startTime":826.394,"endTime":827.234,"body":"niches and categories."},{"speaker":"Aryeh Sheinbein","startTime":827.234,"endTime":830.007,"body":"If I told you every type of"},{"speaker":"Aryeh Sheinbein","startTime":827.234,"endTime":830.007,"body":"product I've sold, it's basically"},{"speaker":"Aryeh Sheinbein","startTime":830.007,"endTime":831.117,"body":"anything you have in your house."},{"speaker":"Aryeh Sheinbein","startTime":831.117,"endTime":831.657,"body":"Like legit."},{"speaker":"Aryeh Sheinbein","startTime":831.687,"endTime":835.192,"body":"I have for a long time I was"},{"speaker":"Aryeh Sheinbein","startTime":831.687,"endTime":835.192,"body":"selling toothpaste and soap and"},{"speaker":"Aryeh Sheinbein","startTime":835.192,"endTime":839.002,"body":"deodorant cuz that was like, I liked"},{"speaker":"Aryeh Sheinbein","startTime":835.192,"endTime":839.002,"body":"the consumable component, right?"},{"speaker":"Aryeh Sheinbein","startTime":839.055,"endTime":842.685,"body":"Every 90 days or so, you're gonna get a"},{"speaker":"Aryeh Sheinbein","startTime":839.055,"endTime":842.685,"body":"new, deodorant or whatever it is, right?"},{"speaker":"Aryeh Sheinbein","startTime":842.955,"endTime":844.455,"body":"And or two by toothpaste, whatever."},{"speaker":"Aryeh Sheinbein","startTime":844.455,"endTime":845.355,"body":"It's, so all those things."},{"speaker":"Aryeh Sheinbein","startTime":845.505,"endTime":848.66,"body":"The fact that was gonna be a repeat"},{"speaker":"Aryeh Sheinbein","startTime":845.505,"endTime":848.66,"body":"buyer, repeat, buy, and at the same"},{"speaker":"Aryeh Sheinbein","startTime":848.66,"endTime":850.697,"body":"time it was also recessionary proof."},{"speaker":"Aryeh Sheinbein","startTime":851.027,"endTime":853.517,"body":"Someone's gonna buy a toothpaste,"},{"speaker":"Aryeh Sheinbein","startTime":851.027,"endTime":853.517,"body":"whether it's recession or not."},{"speaker":"Aryeh Sheinbein","startTime":853.907,"endTime":858.317,"body":"It was also going to be something that"},{"speaker":"Aryeh Sheinbein","startTime":853.907,"endTime":858.317,"body":"wasn't a luxury, so it wasn't driven"},{"speaker":"Aryeh Sheinbein","startTime":858.322,"endTime":861.587,"body":"by all these different things, but"},{"speaker":"Aryeh Sheinbein","startTime":858.322,"endTime":861.587,"body":"then eventually got very competitive."},{"speaker":"Aryeh Sheinbein","startTime":861.587,"endTime":865.041,"body":"I moved into sneakers and"},{"speaker":"Aryeh Sheinbein","startTime":861.587,"endTime":865.041,"body":"clothing and like you name"},{"speaker":"Aryeh Sheinbein","startTime":865.041,"endTime":866.341,"body":"the category I've sold in it."},{"speaker":"Average Joe Finances","startTime":866.571,"endTime":866.961,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":867.0,"endTime":870.18,"body":"And again, by moving into that"},{"speaker":"Average Joe Finances","startTime":867.0,"endTime":870.18,"body":"category, you're also moving to another"},{"speaker":"Average Joe Finances","startTime":870.18,"endTime":871.92,"body":"product that is also recession proof."},{"speaker":"Average Joe Finances","startTime":871.934,"endTime":874.689,"body":"Cause people still need"},{"speaker":"Average Joe Finances","startTime":871.934,"endTime":874.689,"body":"clothes, they still need shoes."},{"speaker":"Average Joe Finances","startTime":874.712,"endTime":875.448,"body":"It's little things."},{"speaker":"Average Joe Finances","startTime":875.453,"endTime":876.948,"body":"It's the things that people need."},{"speaker":"Average Joe Finances","startTime":876.954,"endTime":880.974,"body":"Now by being able to move around to these"},{"speaker":"Average Joe Finances","startTime":876.954,"endTime":880.974,"body":"different categories, is that what you"},{"speaker":"Average Joe Finances","startTime":880.974,"endTime":885.017,"body":"mean by being product agnostic like you're"},{"speaker":"Average Joe Finances","startTime":880.974,"endTime":885.017,"body":"able to, like you don't necessarily have"},{"speaker":"Average Joe Finances","startTime":885.017,"endTime":888.917,"body":"a passion for a care what the product"},{"speaker":"Average Joe Finances","startTime":885.017,"endTime":888.917,"body":"is, you just know that it's gonna sell."},{"speaker":"Aryeh Sheinbein","startTime":889.217,"endTime":889.547,"body":"Yeah."},{"speaker":"Aryeh Sheinbein","startTime":889.616,"endTime":891.296,"body":"So let me take a step back."},{"speaker":"Aryeh Sheinbein","startTime":891.336,"endTime":893.406,"body":"When I started, I was"},{"speaker":"Aryeh Sheinbein","startTime":891.336,"endTime":893.406,"body":"totally product agnostic."},{"speaker":"Aryeh Sheinbein","startTime":893.766,"endTime":898.228,"body":"Now I became a little bit more"},{"speaker":"Aryeh Sheinbein","startTime":893.766,"endTime":898.228,"body":"product focused and cuz the way to"},{"speaker":"Aryeh Sheinbein","startTime":898.228,"endTime":901.24,"body":"think about the way I would think"},{"speaker":"Aryeh Sheinbein","startTime":898.228,"endTime":901.24,"body":"about this is if someone's listening"},{"speaker":"Aryeh Sheinbein","startTime":901.24,"endTime":903.43,"body":"is like, Hey, this sounds like"},{"speaker":"Aryeh Sheinbein","startTime":901.24,"endTime":903.43,"body":"a cool thing I wanna do, right?"},{"speaker":"Aryeh Sheinbein","startTime":903.67,"endTime":906.904,"body":"There's different models to"},{"speaker":"Aryeh Sheinbein","startTime":903.67,"endTime":906.904,"body":"resell physical products."},{"speaker":"Aryeh Sheinbein","startTime":907.054,"endTime":908.224,"body":"The way I started."},{"speaker":"Aryeh Sheinbein","startTime":908.374,"endTime":911.884,"body":"I was literally like buying"},{"speaker":"Aryeh Sheinbein","startTime":908.374,"endTime":911.884,"body":"retail, selling online."},{"speaker":"Aryeh Sheinbein","startTime":912.074,"endTime":915.106,"body":"And we would call this like, this"},{"speaker":"Aryeh Sheinbein","startTime":912.074,"endTime":915.106,"body":"has a names called Retail Arbitrage."},{"speaker":"Average Joe Finances","startTime":915.416,"endTime":916.946,"body":"Gary V"},{"speaker":"Average Joe Finances","startTime":915.416,"endTime":916.946,"body":"talks about that all the time."},{"speaker":"Aryeh Sheinbein","startTime":917.276,"endTime":917.636,"body":"Yeah."},{"speaker":"Aryeh Sheinbein","startTime":917.654,"endTime":920.723,"body":"But this was even before Gary"},{"speaker":"Aryeh Sheinbein","startTime":917.654,"endTime":920.723,"body":"was even into this stuff at all."},{"speaker":"Aryeh Sheinbein","startTime":920.77,"endTime":923.592,"body":"Granted he was in business, he"},{"speaker":"Aryeh Sheinbein","startTime":920.77,"endTime":923.592,"body":"was doing wine, but it was before"},{"speaker":"Aryeh Sheinbein","startTime":923.742,"endTime":924.96,"body":"he kind of did any of that stuff."},{"speaker":"Aryeh Sheinbein","startTime":925.11,"endTime":926.97,"body":"Then I got into basically"},{"speaker":"Aryeh Sheinbein","startTime":925.11,"endTime":926.97,"body":"wholesaling, right?"},{"speaker":"Aryeh Sheinbein","startTime":926.995,"endTime":932.078,"body":"Buying wholesale pricing and eventually,"},{"speaker":"Aryeh Sheinbein","startTime":926.995,"endTime":932.078,"body":"making it so that I was selling it retail."},{"speaker":"Aryeh Sheinbein","startTime":932.263,"endTime":935.083,"body":"If you really wanna build"},{"speaker":"Aryeh Sheinbein","startTime":932.263,"endTime":935.083,"body":"a brand though, right?"},{"speaker":"Aryeh Sheinbein","startTime":935.083,"endTime":938.683,"body":"So I think of these businesses, okay,"},{"speaker":"Aryeh Sheinbein","startTime":935.083,"endTime":938.683,"body":"like what we talked about, retail"},{"speaker":"Aryeh Sheinbein","startTime":938.683,"endTime":944.023,"body":"arbitrage or even wholesale, where I"},{"speaker":"Aryeh Sheinbein","startTime":938.683,"endTime":944.023,"body":"am not the brand, I'm just literally"},{"speaker":"Aryeh Sheinbein","startTime":944.078,"endTime":945.938,"body":"a mechanism for someone to buy it."},{"speaker":"Aryeh Sheinbein","startTime":946.238,"endTime":947.888,"body":"I look at that as cash flow business."},{"speaker":"Aryeh Sheinbein","startTime":948.188,"endTime":950.648,"body":"No one's ever really gonna come"},{"speaker":"Aryeh Sheinbein","startTime":948.188,"endTime":950.648,"body":"to me and say, Hey, I wanna"},{"speaker":"Aryeh Sheinbein","startTime":950.648,"endTime":951.698,"body":"buy this business from me."},{"speaker":"Aryeh Sheinbein","startTime":951.968,"endTime":955.438,"body":"Yes it could be sold, but"},{"speaker":"Aryeh Sheinbein","startTime":951.968,"endTime":955.438,"body":"realistically, it's all about"},{"speaker":"Aryeh Sheinbein","startTime":955.438,"endTime":956.728,"body":"the margin and the cash flow."},{"speaker":"Aryeh Sheinbein","startTime":957.028,"endTime":960.028,"body":"And someone says, Okay, I'll buy it"},{"speaker":"Aryeh Sheinbein","startTime":957.028,"endTime":960.028,"body":"because you have the relationship, you"},{"speaker":"Aryeh Sheinbein","startTime":960.028,"endTime":961.774,"body":"have this, But I don't own the customer."},{"speaker":"Aryeh Sheinbein","startTime":961.832,"endTime":966.355,"body":"No one buys from me because it's"},{"speaker":"Aryeh Sheinbein","startTime":961.832,"endTime":966.355,"body":"me, or it's the average Joe brand."},{"speaker":"Aryeh Sheinbein","startTime":966.625,"endTime":969.415,"body":"They're buying because I offer"},{"speaker":"Aryeh Sheinbein","startTime":966.625,"endTime":969.415,"body":"Crest toothpaste at a reasonable"},{"speaker":"Aryeh Sheinbein","startTime":969.415,"endTime":973.105,"body":"price on the Amazon platform, and"},{"speaker":"Aryeh Sheinbein","startTime":969.415,"endTime":973.105,"body":"Amazon owns that customer, right?"},{"speaker":"Aryeh Sheinbein","startTime":973.311,"endTime":977.314,"body":"So those are like cash flow things"},{"speaker":"Aryeh Sheinbein","startTime":973.311,"endTime":977.314,"body":"and it's a good way to make extra"},{"speaker":"Aryeh Sheinbein","startTime":977.319,"endTime":979.954,"body":"money and it's a good way to have"},{"speaker":"Aryeh Sheinbein","startTime":977.319,"endTime":979.954,"body":"money to invest, a good way to pay"},{"speaker":"Aryeh Sheinbein","startTime":979.954,"endTime":981.214,"body":"after bills, all that kind of stuff."},{"speaker":"Aryeh Sheinbein","startTime":981.604,"endTime":985.204,"body":"But if you're like, Hey, I wanna build"},{"speaker":"Aryeh Sheinbein","startTime":981.604,"endTime":985.204,"body":"a brand, I wanna own something, I wanna"},{"speaker":"Aryeh Sheinbein","startTime":985.209,"endTime":988.434,"body":"build a company, then you need to be"},{"speaker":"Aryeh Sheinbein","startTime":985.209,"endTime":988.434,"body":"thinking about who is your avatar?"},{"speaker":"Aryeh Sheinbein","startTime":988.439,"endTime":989.243,"body":"Who is the buyer?"},{"speaker":"Aryeh Sheinbein","startTime":989.243,"endTime":990.19,"body":"What speaks to them?"},{"speaker":"Aryeh Sheinbein","startTime":990.229,"endTime":995.132,"body":"So if I wanted to make a money clip, I"},{"speaker":"Aryeh Sheinbein","startTime":990.229,"endTime":995.132,"body":"probably want some kind of cool bells and"},{"speaker":"Aryeh Sheinbein","startTime":995.132,"endTime":997.382,"body":"whistles that speaks to the average Joe."},{"speaker":"Aryeh Sheinbein","startTime":997.382,"endTime":999.752,"body":"The average Joe doesn't"},{"speaker":"Aryeh Sheinbein","startTime":997.382,"endTime":999.752,"body":"want it bulky in his pocket."},{"speaker":"Aryeh Sheinbein","startTime":999.962,"endTime":1002.984,"body":"He wants to have two credit"},{"speaker":"Aryeh Sheinbein","startTime":999.962,"endTime":1002.984,"body":"card slots, maybe three, what"},{"speaker":"Aryeh Sheinbein","startTime":1002.984,"endTime":1004.347,"body":"likes the magnetic money clip?"},{"speaker":"Aryeh Sheinbein","startTime":1004.351,"endTime":1008.161,"body":"What speaks to them and then I would"},{"speaker":"Aryeh Sheinbein","startTime":1004.351,"endTime":1008.161,"body":"market it in a way that was like,"},{"speaker":"Aryeh Sheinbein","startTime":1008.191,"endTime":1012.049,"body":"Oh, this is the average, or it's not"},{"speaker":"Aryeh Sheinbein","startTime":1008.191,"endTime":1012.049,"body":"golden shiny, or whatever it is or"},{"speaker":"Aryeh Sheinbein","startTime":1012.078,"endTime":1014.135,"body":"if I'm like, Hey I am a fitness fan."},{"speaker":"Aryeh Sheinbein","startTime":1014.142,"endTime":1015.36,"body":"But I can't take it to the gym."},{"speaker":"Aryeh Sheinbein","startTime":1015.373,"endTime":1020.752,"body":"What features do I want on this that"},{"speaker":"Aryeh Sheinbein","startTime":1015.373,"endTime":1020.752,"body":"are beneficial just to the athletic"},{"speaker":"Aryeh Sheinbein","startTime":1020.757,"endTime":1025.322,"body":"guy or gal or who I raised who's going"},{"speaker":"Aryeh Sheinbein","startTime":1020.757,"endTime":1025.322,"body":"to the gym and forgets it or whatever."},{"speaker":"Aryeh Sheinbein","startTime":1025.472,"endTime":1029.034,"body":"So if I'm building a brand, I wanna"},{"speaker":"Aryeh Sheinbein","startTime":1025.472,"endTime":1029.034,"body":"know who my avatar is, and then Amazon"},{"speaker":"Aryeh Sheinbein","startTime":1029.039,"endTime":1030.504,"body":"just becomes a sales channel, right?"},{"speaker":"Aryeh Sheinbein","startTime":1030.504,"endTime":1031.974,"body":"Like my website's sales channel."},{"speaker":"Aryeh Sheinbein","startTime":1032.449,"endTime":1036.139,"body":"eBay maybe is the sales channel, but"},{"speaker":"Aryeh Sheinbein","startTime":1032.449,"endTime":1036.139,"body":"the truth is then I own the customer."},{"speaker":"Aryeh Sheinbein","startTime":1036.229,"endTime":1039.007,"body":"I have an email marketing, I"},{"speaker":"Aryeh Sheinbein","startTime":1036.229,"endTime":1039.007,"body":"can reach out to my customer."},{"speaker":"Aryeh Sheinbein","startTime":1039.127,"endTime":1041.107,"body":"Whereas on Amazon, you"},{"speaker":"Aryeh Sheinbein","startTime":1039.127,"endTime":1041.107,"body":"don't own that customer."},{"speaker":"Aryeh Sheinbein","startTime":1041.107,"endTime":1042.143,"body":"Amazon is that customer."},{"speaker":"Aryeh Sheinbein","startTime":1042.146,"endTime":1043.61,"body":"So I just wanted to take that step back."},{"speaker":"Aryeh Sheinbein","startTime":1043.61,"endTime":1045.98,"body":"When I started product agnostic,"},{"speaker":"Aryeh Sheinbein","startTime":1043.61,"endTime":1045.98,"body":"like now we have like our core"},{"speaker":"Aryeh Sheinbein","startTime":1045.985,"endTime":1049.432,"body":"products that we really sell, we have"},{"speaker":"Aryeh Sheinbein","startTime":1045.985,"endTime":1049.432,"body":"relationships, some of our brands,"},{"speaker":"Aryeh Sheinbein","startTime":1049.462,"endTime":1050.416,"body":"So we have two different business."},{"speaker":"Aryeh Sheinbein","startTime":1050.416,"endTime":1052.366,"body":"One I think of in like strictly cash flow."},{"speaker":"Aryeh Sheinbein","startTime":1052.756,"endTime":1056.535,"body":"And one is more of a brand that"},{"speaker":"Aryeh Sheinbein","startTime":1052.756,"endTime":1056.535,"body":"we've potentially be able to sell it."},{"speaker":"Average Joe Finances","startTime":1056.685,"endTime":1056.865,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1056.865,"endTime":1057.905,"body":"No that's a great."},{"speaker":"Average Joe Finances","startTime":1058.102,"endTime":1061.132,"body":"Great point too Aryeh, especially when"},{"speaker":"Average Joe Finances","startTime":1058.102,"endTime":1061.132,"body":"you differentiate, like the difference"},{"speaker":"Average Joe Finances","startTime":1061.132,"endTime":1065.504,"body":"between somebody who's doing like"},{"speaker":"Average Joe Finances","startTime":1061.132,"endTime":1065.504,"body":"Amazon FBA versus having your own"},{"speaker":"Average Joe Finances","startTime":1065.512,"endTime":1068.593,"body":"store and brand where you actually own"},{"speaker":"Average Joe Finances","startTime":1065.512,"endTime":1068.593,"body":"the customers, and that's one of the"},{"speaker":"Average Joe Finances","startTime":1068.593,"endTime":1071.299,"body":"things we talk about, at least I've"},{"speaker":"Average Joe Finances","startTime":1068.593,"endTime":1071.299,"body":"talked about on the show before, when"},{"speaker":"Average Joe Finances","startTime":1071.304,"endTime":1074.199,"body":"you have an email list and you're doing"},{"speaker":"Average Joe Finances","startTime":1071.304,"endTime":1074.199,"body":"email marketing and things like that,"},{"speaker":"Average Joe Finances","startTime":1074.529,"endTime":1076.539,"body":"that email list, you own that, right?"},{"speaker":"Average Joe Finances","startTime":1076.539,"endTime":1080.019,"body":"That's yours, but your social media,"},{"speaker":"Average Joe Finances","startTime":1076.539,"endTime":1080.019,"body":"everything else that is owned by another"},{"speaker":"Average Joe Finances","startTime":1080.019,"endTime":1081.859,"body":"company that can go away at any time."},{"speaker":"Average Joe Finances","startTime":1081.88,"endTime":1084.63,"body":"If you have customers on Amazon"},{"speaker":"Average Joe Finances","startTime":1081.88,"endTime":1084.63,"body":"that can go away, any time Amazon"},{"speaker":"Average Joe Finances","startTime":1084.63,"endTime":1085.695,"body":"can say, Ah, we're gonna shut down."},{"speaker":"Average Joe Finances","startTime":1085.7,"endTime":1088.28,"body":"We're not gonna do FBA anymore, we're"},{"speaker":"Average Joe Finances","startTime":1085.7,"endTime":1088.28,"body":"just gonna do it all ourself, whatever."},{"speaker":"Average Joe Finances","startTime":1088.303,"endTime":1089.812,"body":"You never know what can"},{"speaker":"Average Joe Finances","startTime":1088.303,"endTime":1089.812,"body":"happen in the future."},{"speaker":"Average Joe Finances","startTime":1089.849,"endTime":1094.197,"body":"However, when you have that list yourself,"},{"speaker":"Average Joe Finances","startTime":1089.849,"endTime":1094.197,"body":"you own that and you can reach out to"},{"speaker":"Average Joe Finances","startTime":1094.202,"endTime":1097.146,"body":"people and say, Hey, look, I got this"},{"speaker":"Average Joe Finances","startTime":1094.202,"endTime":1097.146,"body":"new product in my store, and whatever."},{"speaker":"Average Joe Finances","startTime":1097.296,"endTime":1101.089,"body":"Past all that, both models work,"},{"speaker":"Average Joe Finances","startTime":1097.296,"endTime":1101.089,"body":"both depending on what you wanna do."},{"speaker":"Average Joe Finances","startTime":1101.419,"endTime":1104.809,"body":"And like you said, for the whole"},{"speaker":"Average Joe Finances","startTime":1101.419,"endTime":1104.809,"body":"Amazon piece, is that, is it is"},{"speaker":"Average Joe Finances","startTime":1104.809,"endTime":1107.069,"body":"more of a cash flow thing, right?"},{"speaker":"Average Joe Finances","startTime":1107.069,"endTime":1109.913,"body":"But it's also a lot less, I guess less"},{"speaker":"Average Joe Finances","startTime":1107.069,"endTime":1109.913,"body":"work that you have to do cuz you're"},{"speaker":"Average Joe Finances","startTime":1109.913,"endTime":1111.143,"body":"not the one packing everything up."},{"speaker":"Average Joe Finances","startTime":1111.143,"endTime":1112.503,"body":"You're not the one shipping everything."},{"speaker":"Average Joe Finances","startTime":1112.538,"endTime":1114.488,"body":"It's FBA fulfilled by Amazon, right?"},{"speaker":"Average Joe Finances","startTime":1114.518,"endTime":1115.358,"body":"They take care of that."},{"speaker":"Average Joe Finances","startTime":1115.358,"endTime":1116.348,"body":"So I think that's pretty nice."},{"speaker":"Average Joe Finances","startTime":1116.348,"endTime":1117.818,"body":"It's a good convenience, right?"},{"speaker":"Average Joe Finances","startTime":1118.268,"endTime":1118.598,"body":"But now,"},{"speaker":"Aryeh Sheinbein","startTime":1118.598,"endTime":1119.108,"body":"oh hundred percent."},{"speaker":"Average Joe Finances","startTime":1119.109,"endTime":1122.144,"body":"How can somebody"},{"speaker":"Average Joe Finances","startTime":1119.109,"endTime":1122.144,"body":"if they want Their money or they"},{"speaker":"Average Joe Finances","startTime":1122.144,"endTime":1126.104,"body":"wanted to make more money by doing one"},{"speaker":"Average Joe Finances","startTime":1122.144,"endTime":1126.104,"body":"of these as a side hustle, but they"},{"speaker":"Average Joe Finances","startTime":1126.104,"endTime":1128.384,"body":"can't allocate a lot of time to that."},{"speaker":"Average Joe Finances","startTime":1128.774,"endTime":1130.757,"body":"What would you say would"},{"speaker":"Average Joe Finances","startTime":1128.774,"endTime":1130.757,"body":"be the best route for them?"},{"speaker":"Average Joe Finances","startTime":1130.757,"endTime":1133.657,"body":"Or is that like limiting"},{"speaker":"Average Joe Finances","startTime":1130.757,"endTime":1133.657,"body":"belief for something in this?"},{"speaker":"Aryeh Sheinbein","startTime":1133.807,"endTime":1135.187,"body":"That it"},{"speaker":"Aryeh Sheinbein","startTime":1133.807,"endTime":1135.187,"body":"could be done or it can't be?"},{"speaker":"Average Joe Finances","startTime":1135.487,"endTime":1136.927,"body":"That"},{"speaker":"Average Joe Finances","startTime":1135.487,"endTime":1136.927,"body":"I don't have the time to get"},{"speaker":"Average Joe Finances","startTime":1136.927,"endTime":1138.007,"body":"this done because like the,"},{"speaker":"Aryeh Sheinbein","startTime":1138.157,"endTime":1138.217,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1138.217,"endTime":1140.377,"body":"I'm looking at"},{"speaker":"Average Joe Finances","startTime":1138.217,"endTime":1140.377,"body":"the way that you were doing things."},{"speaker":"Average Joe Finances","startTime":1140.436,"endTime":1144.068,"body":"You had your day job that you were,"},{"speaker":"Average Joe Finances","startTime":1140.436,"endTime":1144.068,"body":"obviously very involved in, and then"},{"speaker":"Average Joe Finances","startTime":1144.068,"endTime":1148.058,"body":"at night you were able to do this"},{"speaker":"Average Joe Finances","startTime":1144.068,"endTime":1148.058,"body":"arbitrage and start this side hustle."},{"speaker":"Average Joe Finances","startTime":1148.328,"endTime":1153.128,"body":"So how does somebody allocate that time to"},{"speaker":"Average Joe Finances","startTime":1148.328,"endTime":1153.128,"body":"make sure they can get that done if they"},{"speaker":"Average Joe Finances","startTime":1153.133,"endTime":1154.671,"body":"don't feel like they have a lot of time?"},{"speaker":"Aryeh Sheinbein","startTime":1154.821,"endTime":1155.151,"body":"Yeah."},{"speaker":"Aryeh Sheinbein","startTime":1155.301,"endTime":1159.471,"body":"Like anything, whether it's investing,"},{"speaker":"Aryeh Sheinbein","startTime":1155.301,"endTime":1159.471,"body":"whether it's a side business, whether"},{"speaker":"Aryeh Sheinbein","startTime":1159.891,"endTime":1163.611,"body":"in the beginning you have to spend"},{"speaker":"Aryeh Sheinbein","startTime":1159.891,"endTime":1163.611,"body":"some time learning the skill, right?"},{"speaker":"Aryeh Sheinbein","startTime":1164.08,"endTime":1168.315,"body":"And like most things, when you start,"},{"speaker":"Aryeh Sheinbein","startTime":1164.08,"endTime":1168.315,"body":"you probably have more time than money."},{"speaker":"Aryeh Sheinbein","startTime":1168.769,"endTime":1172.039,"body":"And then at a certain point you have"},{"speaker":"Aryeh Sheinbein","startTime":1168.769,"endTime":1172.039,"body":"more money than time and you start to"},{"speaker":"Aryeh Sheinbein","startTime":1172.039,"endTime":1177.079,"body":"buy back more time by using money, like"},{"speaker":"Aryeh Sheinbein","startTime":1172.039,"endTime":1177.079,"body":"leverage time, leverage, meaning like"},{"speaker":"Aryeh Sheinbein","startTime":1177.079,"endTime":1178.579,"body":"having employees, outsourcing or whatever."},{"speaker":"Aryeh Sheinbein","startTime":1178.969,"endTime":1183.109,"body":"So there's a number of different ways"},{"speaker":"Aryeh Sheinbein","startTime":1178.969,"endTime":1183.109,"body":"to do this and I can try and give you"},{"speaker":"Aryeh Sheinbein","startTime":1183.114,"endTime":1184.209,"body":"like the three minute crash course."},{"speaker":"Aryeh Sheinbein","startTime":1184.262,"endTime":1187.142,"body":"If you have the cash, and"},{"speaker":"Aryeh Sheinbein","startTime":1184.262,"endTime":1187.142,"body":"you wanna start this, right?"},{"speaker":"Aryeh Sheinbein","startTime":1187.442,"endTime":1190.864,"body":"The one thing is like there are"},{"speaker":"Aryeh Sheinbein","startTime":1187.442,"endTime":1190.864,"body":"virtual assistants that can help"},{"speaker":"Aryeh Sheinbein","startTime":1190.864,"endTime":1191.979,"body":"you research in the product."},{"speaker":"Aryeh Sheinbein","startTime":1191.979,"endTime":1195.999,"body":"So now there's a lot of software, there's"},{"speaker":"Aryeh Sheinbein","startTime":1191.979,"endTime":1195.999,"body":"not a lot of tools out there that can"},{"speaker":"Aryeh Sheinbein","startTime":1195.999,"endTime":1197.574,"body":"actually, let's say the arbitrage model."},{"speaker":"Aryeh Sheinbein","startTime":1197.645,"endTime":1202.415,"body":"There's a tool that will literally"},{"speaker":"Aryeh Sheinbein","startTime":1197.645,"endTime":1202.415,"body":"compare websites that compare to Amazon."},{"speaker":"Aryeh Sheinbein","startTime":1202.472,"endTime":1206.061,"body":"So it'll run through Target and"},{"speaker":"Aryeh Sheinbein","startTime":1202.472,"endTime":1206.061,"body":"Walmart and, whatever and name any"},{"speaker":"Aryeh Sheinbein","startTime":1206.061,"endTime":1210.156,"body":"website you probably buy from and  it"},{"speaker":"Aryeh Sheinbein","startTime":1206.061,"endTime":1210.156,"body":"can price compare against Amazon."},{"speaker":"Aryeh Sheinbein","startTime":1210.406,"endTime":1215.196,"body":"You can actually make the search"},{"speaker":"Aryeh Sheinbein","startTime":1210.406,"endTime":1215.196,"body":"function work to the point where you"},{"speaker":"Aryeh Sheinbein","startTime":1215.626,"endTime":1217.146,"body":"actually will tell it the parameters."},{"speaker":"Aryeh Sheinbein","startTime":1217.246,"endTime":1219.376,"body":"If it's not gonna make any X"},{"speaker":"Aryeh Sheinbein","startTime":1217.246,"endTime":1219.376,"body":"dollars or profit, or it's not"},{"speaker":"Aryeh Sheinbein","startTime":1219.376,"endTime":1223.216,"body":"gonna make any X margin because"},{"speaker":"Aryeh Sheinbein","startTime":1219.376,"endTime":1223.216,"body":"Amazon's gonna take fees, right?"},{"speaker":"Aryeh Sheinbein","startTime":1223.336,"endTime":1226.816,"body":"So the software has embedded in it all"},{"speaker":"Aryeh Sheinbein","startTime":1223.336,"endTime":1226.816,"body":"the fees and it knows all the things."},{"speaker":"Aryeh Sheinbein","startTime":1227.116,"endTime":1229.516,"body":"Whereas when I started, they"},{"speaker":"Aryeh Sheinbein","startTime":1227.116,"endTime":1229.516,"body":"didn't have any of this stuff."},{"speaker":"Aryeh Sheinbein","startTime":1229.546,"endTime":1231.863,"body":"So I'll give you like an example"},{"speaker":"Aryeh Sheinbein","startTime":1229.546,"endTime":1231.863,"body":"that, there's one software"},{"speaker":"Aryeh Sheinbein","startTime":1231.863,"endTime":1232.763,"body":"out there called tactical."},{"speaker":"Aryeh Sheinbein","startTime":1232.77,"endTime":1233.67,"body":"And that's what they do."},{"speaker":"Aryeh Sheinbein","startTime":1233.76,"endTime":1237.927,"body":"Like they legitimately will just run,"},{"speaker":"Aryeh Sheinbein","startTime":1233.76,"endTime":1237.927,"body":"search against it and, for a monthly"},{"speaker":"Aryeh Sheinbein","startTime":1237.927,"endTime":1240.023,"body":"fee they'll do whatever you need to do."},{"speaker":"Aryeh Sheinbein","startTime":1240.182,"endTime":1243.587,"body":"Now the next thing you're gonna need to"},{"speaker":"Aryeh Sheinbein","startTime":1240.182,"endTime":1243.587,"body":"do, so you can have a virtual assistant,"},{"speaker":"Aryeh Sheinbein","startTime":1243.616,"endTime":1244.846,"body":"sort through a lot of that stuff."},{"speaker":"Aryeh Sheinbein","startTime":1244.898,"endTime":1245.738,"body":"The software's gonna run."},{"speaker":"Aryeh Sheinbein","startTime":1245.738,"endTime":1249.278,"body":"Then someone has to go through the"},{"speaker":"Aryeh Sheinbein","startTime":1245.738,"endTime":1249.278,"body":"list and say, Okay, are there any false"},{"speaker":"Aryeh Sheinbein","startTime":1249.278,"endTime":1250.878,"body":"positives in the list they gave me?"},{"speaker":"Aryeh Sheinbein","startTime":1251.028,"endTime":1253.878,"body":"Does this fit my parameters"},{"speaker":"Aryeh Sheinbein","startTime":1251.028,"endTime":1253.878,"body":"Exactly and all this kind of stuff."},{"speaker":"Aryeh Sheinbein","startTime":1254.358,"endTime":1256.338,"body":"And then the next thing is someone"},{"speaker":"Aryeh Sheinbein","startTime":1254.358,"endTime":1256.338,"body":"actually has to do the buying."},{"speaker":"Aryeh Sheinbein","startTime":1256.581,"endTime":1260.491,"body":"So if you're gonna online arbitrage,"},{"speaker":"Aryeh Sheinbein","startTime":1256.581,"endTime":1260.491,"body":"you're gonna buy on, walmart.com"},{"speaker":"Aryeh Sheinbein","startTime":1260.544,"endTime":1261.619,"body":"and it has to come somewhere."},{"speaker":"Aryeh Sheinbein","startTime":1261.619,"endTime":1262.609,"body":"It can't go straight to Amazon."},{"speaker":"Aryeh Sheinbein","startTime":1262.826,"endTime":1266.576,"body":"So now you need either a third"},{"speaker":"Aryeh Sheinbein","startTime":1262.826,"endTime":1266.576,"body":"party warehouse who will prep this"},{"speaker":"Aryeh Sheinbein","startTime":1266.606,"endTime":1268.046,"body":"and then ship it to Amazon for you."},{"speaker":"Aryeh Sheinbein","startTime":1268.316,"endTime":1271.946,"body":"Again, all this stuff can be outsourced,"},{"speaker":"Aryeh Sheinbein","startTime":1268.316,"endTime":1271.946,"body":"but at some point you're gonna have"},{"speaker":"Aryeh Sheinbein","startTime":1271.946,"endTime":1273.326,"body":"to understand what you're doing."},{"speaker":"Aryeh Sheinbein","startTime":1273.476,"endTime":1276.994,"body":"And so there is an investment of time,"},{"speaker":"Aryeh Sheinbein","startTime":1273.476,"endTime":1276.994,"body":"but it can be done in a few hours a night."},{"speaker":"Aryeh Sheinbein","startTime":1276.994,"endTime":1280.486,"body":"And the other thing I would say is like"},{"speaker":"Aryeh Sheinbein","startTime":1276.994,"endTime":1280.486,"body":"when people are like now you told me it's"},{"speaker":"Aryeh Sheinbein","startTime":1280.486,"endTime":1283.216,"body":"two hours and three hours and four hours,"},{"speaker":"Aryeh Sheinbein","startTime":1280.486,"endTime":1283.216,"body":"you don't have to do it all at once."},{"speaker":"Aryeh Sheinbein","startTime":1283.666,"endTime":1286.816,"body":"And nobody said you have to"},{"speaker":"Aryeh Sheinbein","startTime":1283.666,"endTime":1286.816,"body":"scale as fast as the other guy."},{"speaker":"Aryeh Sheinbein","startTime":1286.906,"endTime":1289.486,"body":"This is like the games"},{"speaker":"Aryeh Sheinbein","startTime":1286.906,"endTime":1289.486,"body":"between you and you, right?"},{"speaker":"Aryeh Sheinbein","startTime":1289.486,"endTime":1293.299,"body":"If you only need to make $500 a month"},{"speaker":"Aryeh Sheinbein","startTime":1289.486,"endTime":1293.299,"body":"or you only wanna make $500 extra a"},{"speaker":"Aryeh Sheinbein","startTime":1293.304,"endTime":1296.502,"body":"month, you totally can do that and I"},{"speaker":"Aryeh Sheinbein","startTime":1293.304,"endTime":1296.502,"body":"think that's part of the problem with"},{"speaker":"Aryeh Sheinbein","startTime":1296.502,"endTime":1300.072,"body":"like physical product businesses where"},{"speaker":"Aryeh Sheinbein","startTime":1296.502,"endTime":1300.072,"body":"people get caught up in this, I gotta"},{"speaker":"Aryeh Sheinbein","startTime":1300.072,"endTime":1301.872,"body":"grow, I gotta grow, I gotta grow."},{"speaker":"Aryeh Sheinbein","startTime":1302.212,"endTime":1305.665,"body":"In physical product business, if you're"},{"speaker":"Aryeh Sheinbein","startTime":1302.212,"endTime":1305.665,"body":"growing and growing, understand that means"},{"speaker":"Aryeh Sheinbein","startTime":1305.665,"endTime":1309.282,"body":"that's gonna take more money for more"},{"speaker":"Aryeh Sheinbein","startTime":1305.665,"endTime":1309.282,"body":"inventory because in order to sell more"},{"speaker":"Aryeh Sheinbein","startTime":1309.282,"endTime":1310.962,"body":"product, you have to buy more product."},{"speaker":"Aryeh Sheinbein","startTime":1311.262,"endTime":1313.509,"body":"And so if you're like, Hey, I"},{"speaker":"Aryeh Sheinbein","startTime":1311.262,"endTime":1313.509,"body":"wanna be taking money out of the"},{"speaker":"Aryeh Sheinbein","startTime":1313.509,"endTime":1315.009,"body":"business, that's totally fine."},{"speaker":"Aryeh Sheinbein","startTime":1315.009,"endTime":1319.089,"body":"Unless you can get like massive margins"},{"speaker":"Aryeh Sheinbein","startTime":1315.009,"endTime":1319.089,"body":"all the time, you're not gonna be able"},{"speaker":"Aryeh Sheinbein","startTime":1319.089,"endTime":1322.809,"body":"to take money out, profits out all the"},{"speaker":"Aryeh Sheinbein","startTime":1319.089,"endTime":1322.809,"body":"time and grow the business like it's"},{"speaker":"Aryeh Sheinbein","startTime":1322.809,"endTime":1324.249,"body":"gonna be a little bit of an either or."},{"speaker":"Aryeh Sheinbein","startTime":1324.549,"endTime":1326.841,"body":"So you're gonna have to really focus"},{"speaker":"Aryeh Sheinbein","startTime":1324.549,"endTime":1326.841,"body":"on what's most important to you."},{"speaker":"Aryeh Sheinbein","startTime":1326.841,"endTime":1329.453,"body":"If you have Hey, I have $500 a"},{"speaker":"Aryeh Sheinbein","startTime":1326.841,"endTime":1329.453,"body":"month with bills that I'd love"},{"speaker":"Aryeh Sheinbein","startTime":1329.453,"endTime":1331.023,"body":"to get covered, it's a layup."},{"speaker":"Aryeh Sheinbein","startTime":1331.362,"endTime":1334.879,"body":"But if you're like, I want to"},{"speaker":"Aryeh Sheinbein","startTime":1331.362,"endTime":1334.879,"body":"bring home a mid six figure salary."},{"speaker":"Aryeh Sheinbein","startTime":1334.879,"endTime":1337.53,"body":"Okay that's gonna take a lot"},{"speaker":"Aryeh Sheinbein","startTime":1334.879,"endTime":1337.53,"body":"more capital to get you there."},{"speaker":"Average Joe Finances","startTime":1337.68,"endTime":1339.266,"body":"Yeah, a"},{"speaker":"Average Joe Finances","startTime":1337.68,"endTime":1339.266,"body":"lot more capital, a lot more"},{"speaker":"Average Joe Finances","startTime":1339.266,"endTime":1342.296,"body":"time that you'll have to put into"},{"speaker":"Average Joe Finances","startTime":1339.266,"endTime":1342.296,"body":"that business to build it, right?"},{"speaker":"Average Joe Finances","startTime":1342.296,"endTime":1347.182,"body":"So it's just, again  it's gonna"},{"speaker":"Average Joe Finances","startTime":1342.296,"endTime":1347.182,"body":"be at the operator's pace, right?"},{"speaker":"Average Joe Finances","startTime":1347.187,"endTime":1349.541,"body":"How fast you wanna scale,"},{"speaker":"Average Joe Finances","startTime":1347.187,"endTime":1349.541,"body":"how fast you wanna do things."},{"speaker":"Average Joe Finances","startTime":1349.559,"endTime":1352.145,"body":"And if you're trying to build"},{"speaker":"Average Joe Finances","startTime":1349.559,"endTime":1352.145,"body":"something up to get rid of your day"},{"speaker":"Average Joe Finances","startTime":1352.145,"endTime":1355.525,"body":"job, obviously you're gonna wanna put"},{"speaker":"Average Joe Finances","startTime":1352.145,"endTime":1355.525,"body":"that time and money in up front and"},{"speaker":"Average Joe Finances","startTime":1355.525,"endTime":1359.067,"body":"make that happen so you can sit back"},{"speaker":"Average Joe Finances","startTime":1355.525,"endTime":1359.067,"body":"and do something else that you enjoy."},{"speaker":"Average Joe Finances","startTime":1359.337,"endTime":1360.793,"body":"Kind of what I was talking"},{"speaker":"Average Joe Finances","startTime":1359.337,"endTime":1360.793,"body":"about earlier, right?"},{"speaker":"Average Joe Finances","startTime":1360.793,"endTime":1364.09,"body":"If you're in a job field that you"},{"speaker":"Average Joe Finances","startTime":1360.793,"endTime":1364.09,"body":"don't like going to work and it's"},{"speaker":"Average Joe Finances","startTime":1364.09,"endTime":1366.561,"body":"not something you're passionate"},{"speaker":"Average Joe Finances","startTime":1364.09,"endTime":1366.561,"body":"about, and you wanna start up a side"},{"speaker":"Average Joe Finances","startTime":1366.561,"endTime":1367.821,"body":"business to do something different."},{"speaker":"Average Joe Finances","startTime":1367.933,"endTime":1372.141,"body":"If you focus and you put enough time and"},{"speaker":"Average Joe Finances","startTime":1367.933,"endTime":1372.141,"body":"effort into that and money, you can build"},{"speaker":"Average Joe Finances","startTime":1372.146,"endTime":1376.281,"body":"something up to replace your day job"},{"speaker":"Average Joe Finances","startTime":1372.146,"endTime":1376.281,"body":"and do something that you enjoy, right?"},{"speaker":"Average Joe Finances","startTime":1376.521,"endTime":1379.221,"body":"Something that gives you a"},{"speaker":"Average Joe Finances","startTime":1376.521,"endTime":1379.221,"body":"little bit more satisfaction, job"},{"speaker":"Average Joe Finances","startTime":1379.226,"endTime":1382.969,"body":"satisfaction, work, family balance,"},{"speaker":"Average Joe Finances","startTime":1379.226,"endTime":1382.969,"body":"work life balance and all that."},{"speaker":"Average Joe Finances","startTime":1383.062,"endTime":1384.622,"body":"I think that's, I think that's huge."},{"speaker":"Average Joe Finances","startTime":1384.706,"endTime":1385.036,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1385.036,"endTime":1385.336,"body":"Cool."},{"speaker":"Average Joe Finances","startTime":1385.366,"endTime":1390.891,"body":"Now what about if you're trying to grow"},{"speaker":"Average Joe Finances","startTime":1385.366,"endTime":1390.891,"body":"your wealth, now a lot of people, they'll"},{"speaker":"Average Joe Finances","startTime":1390.891,"endTime":1395.075,"body":"get involved in a business like this"},{"speaker":"Average Joe Finances","startTime":1390.891,"endTime":1395.075,"body":"and sometimes they'll lose focus, right?"},{"speaker":"Average Joe Finances","startTime":1395.465,"endTime":1399.567,"body":"And they just focus on scaling and"},{"speaker":"Average Joe Finances","startTime":1395.465,"endTime":1399.567,"body":"scaling and sometimes forget about"},{"speaker":"Average Joe Finances","startTime":1399.567,"endTime":1400.647,"body":"everything else that's going on."},{"speaker":"Average Joe Finances","startTime":1400.652,"endTime":1403.784,"body":"So what happens to somebody that gets"},{"speaker":"Average Joe Finances","startTime":1400.652,"endTime":1403.784,"body":"in a situation like that where you lose"},{"speaker":"Average Joe Finances","startTime":1403.784,"endTime":1406.974,"body":"focus and you forget the whole reason why"},{"speaker":"Average Joe Finances","startTime":1403.784,"endTime":1406.974,"body":"you're in the business in the first place?"},{"speaker":"Aryeh Sheinbein","startTime":1407.214,"endTime":1407.394,"body":"Yeah."},{"speaker":"Aryeh Sheinbein","startTime":1407.394,"endTime":1409.71,"body":"So I think I mean I, there's so many"},{"speaker":"Aryeh Sheinbein","startTime":1407.394,"endTime":1409.71,"body":"different ways we can go with this,"},{"speaker":"Aryeh Sheinbein","startTime":1409.71,"endTime":1412.461,"body":"but like the most important thing"},{"speaker":"Aryeh Sheinbein","startTime":1409.71,"endTime":1412.461,"body":"like you were just saying, right?"},{"speaker":"Aryeh Sheinbein","startTime":1412.461,"endTime":1414.252,"body":"Like why did you get into this, right?"},{"speaker":"Aryeh Sheinbein","startTime":1414.252,"endTime":1417.432,"body":"Was it to generate an extra 500 or"},{"speaker":"Aryeh Sheinbein","startTime":1414.252,"endTime":1417.432,"body":"a thousand dollars a month, or was"},{"speaker":"Aryeh Sheinbein","startTime":1417.432,"endTime":1420.882,"body":"it to replace your day job and you"},{"speaker":"Aryeh Sheinbein","startTime":1417.432,"endTime":1420.882,"body":"wanted to move to this full time"},{"speaker":"Aryeh Sheinbein","startTime":1421.302,"endTime":1424.765,"body":"and even if you move to this full"},{"speaker":"Aryeh Sheinbein","startTime":1421.302,"endTime":1424.765,"body":"time, have you scaled, like from"},{"speaker":"Aryeh Sheinbein","startTime":1424.765,"endTime":1426.685,"body":"an operational leverage standpoint?"},{"speaker":"Aryeh Sheinbein","startTime":1426.685,"endTime":1430.735,"body":"Meaning do you have virtual systems,"},{"speaker":"Aryeh Sheinbein","startTime":1426.685,"endTime":1430.735,"body":"do you have employees that can do"},{"speaker":"Aryeh Sheinbein","startTime":1430.735,"endTime":1431.798,"body":"a lot of the things without you?"},{"speaker":"Aryeh Sheinbein","startTime":1431.802,"endTime":1434.712,"body":"Like you, you made the mention of"},{"speaker":"Aryeh Sheinbein","startTime":1431.802,"endTime":1434.712,"body":"it when I was at the card table"},{"speaker":"Aryeh Sheinbein","startTime":1434.712,"endTime":1438.112,"body":"figuring out that I couldn't be in two"},{"speaker":"Aryeh Sheinbein","startTime":1434.712,"endTime":1438.112,"body":"places at once, it's the same thing."},{"speaker":"Aryeh Sheinbein","startTime":1438.112,"endTime":1443.199,"body":"Like I joked when I first got into"},{"speaker":"Aryeh Sheinbein","startTime":1438.112,"endTime":1443.199,"body":"fba, like I met a lot of people and"},{"speaker":"Aryeh Sheinbein","startTime":1443.199,"endTime":1446.559,"body":"a lot of these people left corporate"},{"speaker":"Aryeh Sheinbein","startTime":1443.199,"endTime":1446.559,"body":"or they left a job making, I don't"},{"speaker":"Aryeh Sheinbein","startTime":1446.564,"endTime":1447.819,"body":"call it 75 to a hundred thousand."},{"speaker":"Aryeh Sheinbein","startTime":1448.119,"endTime":1452.319,"body":"And they were able to bring in 75 to a"},{"speaker":"Aryeh Sheinbein","startTime":1448.119,"endTime":1452.319,"body":"hundred thousand dollars of net income"},{"speaker":"Aryeh Sheinbein","startTime":1452.324,"endTime":1453.849,"body":"to themselves from this business."},{"speaker":"Aryeh Sheinbein","startTime":1454.149,"endTime":1458.069,"body":"But they were working like four times as"},{"speaker":"Aryeh Sheinbein","startTime":1454.149,"endTime":1458.069,"body":"much, or three times or two times as much."},{"speaker":"Aryeh Sheinbein","startTime":1458.339,"endTime":1460.139,"body":"But they loved it because they"},{"speaker":"Aryeh Sheinbein","startTime":1458.339,"endTime":1460.139,"body":"were working for themselves."},{"speaker":"Aryeh Sheinbein","startTime":1460.139,"endTime":1461.789,"body":"So I said, I would always say"},{"speaker":"Aryeh Sheinbein","startTime":1460.139,"endTime":1461.789,"body":"to them, I'm like, You don't"},{"speaker":"Aryeh Sheinbein","startTime":1461.789,"endTime":1462.929,"body":"have a business, you have a job."},{"speaker":"Aryeh Sheinbein","startTime":1463.079,"endTime":1463.889,"body":"You work for yourself."},{"speaker":"Aryeh Sheinbein","startTime":1463.889,"endTime":1464.639,"body":"You're self-employed."},{"speaker":"Aryeh Sheinbein","startTime":1464.909,"endTime":1467.369,"body":"And that's cool, but just understand"},{"speaker":"Aryeh Sheinbein","startTime":1464.909,"endTime":1467.369,"body":"that because if you take the next"},{"speaker":"Aryeh Sheinbein","startTime":1467.369,"endTime":1468.899,"body":"month off, guess what's gonna happen?"},{"speaker":"Aryeh Sheinbein","startTime":1469.349,"endTime":1470.639,"body":"Your income's gonna fall apart."},{"speaker":"Aryeh Sheinbein","startTime":1470.919,"endTime":1472.629,"body":"To your question, right?"},{"speaker":"Aryeh Sheinbein","startTime":1472.629,"endTime":1475.163,"body":"Someone who gets into this and now"},{"speaker":"Aryeh Sheinbein","startTime":1472.629,"endTime":1475.163,"body":"they're like, Oh my God, they don't"},{"speaker":"Aryeh Sheinbein","startTime":1475.163,"endTime":1479.051,"body":"have time that you need to constantly"},{"speaker":"Aryeh Sheinbein","startTime":1475.163,"endTime":1479.051,"body":"be reassessing Okay, what am I trading?"},{"speaker":"Aryeh Sheinbein","startTime":1479.081,"endTime":1479.711,"body":"What am I giving up?"},{"speaker":"Aryeh Sheinbein","startTime":1479.758,"endTime":1484.264,"body":"I have four kids, so my whole thing was"},{"speaker":"Aryeh Sheinbein","startTime":1479.758,"endTime":1484.264,"body":"like I want to coach their sports leagues"},{"speaker":"Aryeh Sheinbein","startTime":1484.264,"endTime":1487.594,"body":"and I wanted to be with them when they"},{"speaker":"Aryeh Sheinbein","startTime":1484.264,"endTime":1487.594,"body":"were going here or there and whatever."},{"speaker":"Aryeh Sheinbein","startTime":1487.874,"endTime":1489.894,"body":"And I want, we want go on family vacation."},{"speaker":"Aryeh Sheinbein","startTime":1489.894,"endTime":1492.66,"body":"So I needed the systems and the people."},{"speaker":"Aryeh Sheinbein","startTime":1493.05,"endTime":1496.565,"body":"If I was going to walk away from"},{"speaker":"Aryeh Sheinbein","startTime":1493.05,"endTime":1496.565,"body":"that and like for a week or two on"},{"speaker":"Aryeh Sheinbein","startTime":1496.565,"endTime":1498.185,"body":"vacation while having my day job."},{"speaker":"Aryeh Sheinbein","startTime":1498.245,"endTime":1501.665,"body":"Like I'm allowed the vacation there,"},{"speaker":"Aryeh Sheinbein","startTime":1498.245,"endTime":1501.665,"body":"but could I do that on the side things?"},{"speaker":"Aryeh Sheinbein","startTime":1501.995,"endTime":1506.585,"body":"So I think one of the things that I"},{"speaker":"Aryeh Sheinbein","startTime":1501.995,"endTime":1506.585,"body":"learned really quickly was, okay, I want"},{"speaker":"Aryeh Sheinbein","startTime":1506.705,"endTime":1511.745,"body":"these businesses to throw off the money"},{"speaker":"Aryeh Sheinbein","startTime":1506.705,"endTime":1511.745,"body":"to either pay for certain extras that"},{"speaker":"Aryeh Sheinbein","startTime":1511.745,"endTime":1515.333,"body":"I didn't want to change my lifestyle"},{"speaker":"Aryeh Sheinbein","startTime":1511.745,"endTime":1515.333,"body":"for, or really invest the capital."},{"speaker":"Aryeh Sheinbein","startTime":1515.603,"endTime":1517.823,"body":"I wanna be able to do more real estate."},{"speaker":"Aryeh Sheinbein","startTime":1517.823,"endTime":1520.073,"body":"I want more money going to the S\u0026P 500."},{"speaker":"Aryeh Sheinbein","startTime":1520.253,"endTime":1521.093,"body":"Whatever it is."},{"speaker":"Aryeh Sheinbein","startTime":1521.423,"endTime":1523.793,"body":"And that's how I start to think about it."},{"speaker":"Aryeh Sheinbein","startTime":1523.853,"endTime":1526.103,"body":"And like the truth of it is"},{"speaker":"Aryeh Sheinbein","startTime":1523.853,"endTime":1526.103,"body":"whether you do it as a side"},{"speaker":"Aryeh Sheinbein","startTime":1526.103,"endTime":1529.043,"body":"hustle, a full time, whatever, you"},{"speaker":"Aryeh Sheinbein","startTime":1526.103,"endTime":1529.043,"body":"need to treat it as a business."},{"speaker":"Aryeh Sheinbein","startTime":1529.523,"endTime":1532.703,"body":"And like I always say to people"},{"speaker":"Aryeh Sheinbein","startTime":1529.523,"endTime":1532.703,"body":"like, you really wanna start with"},{"speaker":"Aryeh Sheinbein","startTime":1532.703,"endTime":1533.613,"body":"the end in mind in the beginning."},{"speaker":"Aryeh Sheinbein","startTime":1533.637,"endTime":1534.567,"body":"What is that end goal?"},{"speaker":"Aryeh Sheinbein","startTime":1534.623,"endTime":1538.023,"body":"And the goal polls can change, like"},{"speaker":"Aryeh Sheinbein","startTime":1534.623,"endTime":1538.023,"body":"the goal's a lot to change, but you"},{"speaker":"Aryeh Sheinbein","startTime":1538.023,"endTime":1539.763,"body":"should be reassessing that goal."},{"speaker":"Aryeh Sheinbein","startTime":1540.093,"endTime":1543.595,"body":"And I tell people like if you wanna talk"},{"speaker":"Aryeh Sheinbein","startTime":1540.093,"endTime":1543.595,"body":"about business, not on the investing side,"},{"speaker":"Aryeh Sheinbein","startTime":1543.6,"endTime":1548.399,"body":"but just on a business side, there's two"},{"speaker":"Aryeh Sheinbein","startTime":1543.6,"endTime":1548.399,"body":"really good books that just think about."},{"speaker":"Aryeh Sheinbein","startTime":1548.609,"endTime":1553.019,"body":"And that is one is Built To Sell,"},{"speaker":"Aryeh Sheinbein","startTime":1548.609,"endTime":1553.019,"body":"it's a 200 page or less book"},{"speaker":"Aryeh Sheinbein","startTime":1553.229,"endTime":1554.759,"body":"that it's written as a story."},{"speaker":"Aryeh Sheinbein","startTime":1554.967,"endTime":1559.287,"body":"And it's not about selling your business,"},{"speaker":"Aryeh Sheinbein","startTime":1554.967,"endTime":1559.287,"body":"it's about building that business t"},{"speaker":"Aryeh Sheinbein","startTime":1559.651,"endTime":1561.921,"body":"o have the ability for it to be sold."},{"speaker":"Aryeh Sheinbein","startTime":1562.381,"endTime":1564.868,"body":"And the other one is"},{"speaker":"Aryeh Sheinbein","startTime":1562.381,"endTime":1564.868,"body":"E-Myth Revisited, right?"},{"speaker":"Aryeh Sheinbein","startTime":1564.868,"endTime":1565.648,"body":"Like Michael Gerber."},{"speaker":"Aryeh Sheinbein","startTime":1565.802,"endTime":1569.592,"body":"And it talks really about Hey, you're"},{"speaker":"Aryeh Sheinbein","startTime":1565.802,"endTime":1569.592,"body":"this person, you're doing all the things"},{"speaker":"Aryeh Sheinbein","startTime":1570.012,"endTime":1572.652,"body":"and now the business doesn't grow cuz"},{"speaker":"Aryeh Sheinbein","startTime":1570.012,"endTime":1572.652,"body":"you are doing all the things right?"},{"speaker":"Aryeh Sheinbein","startTime":1572.652,"endTime":1573.522,"body":"You're this bottleneck."},{"speaker":"Aryeh Sheinbein","startTime":1573.696,"endTime":1578.256,"body":"And so again, both those concepts are"},{"speaker":"Aryeh Sheinbein","startTime":1573.696,"endTime":1578.256,"body":"the same in the sense like at the core"},{"speaker":"Aryeh Sheinbein","startTime":1578.256,"endTime":1579.816,"body":"they're like, think about the end first."},{"speaker":"Aryeh Sheinbein","startTime":1580.176,"endTime":1585.146,"body":"So if you got into this business because"},{"speaker":"Aryeh Sheinbein","startTime":1580.176,"endTime":1585.146,"body":"you wanted to build your wealth, then you"},{"speaker":"Aryeh Sheinbein","startTime":1585.146,"endTime":1589.886,"body":"need to know that every month you want"},{"speaker":"Aryeh Sheinbein","startTime":1585.146,"endTime":1589.886,"body":"to take X percent or X dollars out of"},{"speaker":"Aryeh Sheinbein","startTime":1589.886,"endTime":1596.693,"body":"the business and have it auto pulled to"},{"speaker":"Aryeh Sheinbein","startTime":1589.886,"endTime":1596.693,"body":"the S\u0026P 500 mutual, index fund or ETF or"},{"speaker":"Aryeh Sheinbein","startTime":1596.693,"endTime":1601.326,"body":"whatever it's, Or if you wanna be buying"},{"speaker":"Aryeh Sheinbein","startTime":1596.693,"endTime":1601.326,"body":"Bitcoin on a consistent basis, okay, fine."},{"speaker":"Aryeh Sheinbein","startTime":1601.326,"endTime":1603.945,"body":"You're gonna dollar cost, average"},{"speaker":"Aryeh Sheinbein","startTime":1601.326,"endTime":1603.945,"body":"rate, whatever you think your"},{"speaker":"Aryeh Sheinbein","startTime":1603.945,"endTime":1607.785,"body":"investment strategy is going to"},{"speaker":"Aryeh Sheinbein","startTime":1603.945,"endTime":1607.785,"body":"be for long term wealth, use this"},{"speaker":"Aryeh Sheinbein","startTime":1607.785,"endTime":1609.913,"body":"business as a tool to do that."},{"speaker":"Aryeh Sheinbein","startTime":1609.913,"endTime":1614.239,"body":"But if you lose sight of it, you'll"},{"speaker":"Aryeh Sheinbein","startTime":1609.913,"endTime":1614.239,"body":"likely get trapped in this lack of"},{"speaker":"Aryeh Sheinbein","startTime":1614.239,"endTime":1615.259,"body":"a better word, the hamster wheel."},{"speaker":"Aryeh Sheinbein","startTime":1615.259,"endTime":1618.057,"body":"Like you're constantly chasing, cuz"},{"speaker":"Aryeh Sheinbein","startTime":1615.259,"endTime":1618.057,"body":"there's always more money to be made."},{"speaker":"Aryeh Sheinbein","startTime":1618.357,"endTime":1619.372,"body":"Like why do you want money?"},{"speaker":"Aryeh Sheinbein","startTime":1619.684,"endTime":1621.877,"body":"So I know it sounds like"},{"speaker":"Aryeh Sheinbein","startTime":1619.684,"endTime":1621.877,"body":"cliche Oh, what's your why?"},{"speaker":"Aryeh Sheinbein","startTime":1622.147,"endTime":1625.847,"body":"But the truth of the matter is like"},{"speaker":"Aryeh Sheinbein","startTime":1622.147,"endTime":1625.847,"body":"sometimes, you wanna save $5 and"},{"speaker":"Aryeh Sheinbein","startTime":1625.847,"endTime":1628.739,"body":"you wanna make $20, but really, if"},{"speaker":"Aryeh Sheinbein","startTime":1625.847,"endTime":1628.739,"body":"that's gonna cost you an hour of"},{"speaker":"Aryeh Sheinbein","startTime":1628.739,"endTime":1630.317,"body":"your time, is that really worth it?"},{"speaker":"Aryeh Sheinbein","startTime":1630.467,"endTime":1632.387,"body":"Does it make more sense just"},{"speaker":"Aryeh Sheinbein","startTime":1630.467,"endTime":1632.387,"body":"to pay somebody to do it?"},{"speaker":"Aryeh Sheinbein","startTime":1632.717,"endTime":1634.967,"body":"And those are sometimes"},{"speaker":"Aryeh Sheinbein","startTime":1632.717,"endTime":1634.967,"body":"our hard decisions to make."},{"speaker":"Aryeh Sheinbein","startTime":1635.207,"endTime":1638.507,"body":"And that's why I think if you start with"},{"speaker":"Aryeh Sheinbein","startTime":1635.207,"endTime":1638.507,"body":"that goal in the beginning, at the end,"},{"speaker":"Aryeh Sheinbein","startTime":1638.537,"endTime":1640.097,"body":"like you have that end goal in mind."},{"speaker":"Aryeh Sheinbein","startTime":1640.097,"endTime":1643.097,"body":"And again, it can get a bigger goal"},{"speaker":"Aryeh Sheinbein","startTime":1640.097,"endTime":1643.097,"body":"or smaller goal, but if you have"},{"speaker":"Aryeh Sheinbein","startTime":1643.097,"endTime":1645.887,"body":"that, you generally can work towards"},{"speaker":"Aryeh Sheinbein","startTime":1643.097,"endTime":1645.887,"body":"something in a  more refined way."},{"speaker":"Average Joe Finances","startTime":1646.441,"endTime":1649.433,"body":"Yeah, no are"},{"speaker":"Average Joe Finances","startTime":1646.441,"endTime":1649.433,"body":"ya that's a very fair way to put it."},{"speaker":"Average Joe Finances","startTime":1649.433,"endTime":1650.633,"body":"There's a couple things here, right?"},{"speaker":"Average Joe Finances","startTime":1650.673,"endTime":1652.433,"body":"You're talking about,"},{"speaker":"Average Joe Finances","startTime":1650.673,"endTime":1652.433,"body":"moving the goal post, right?"},{"speaker":"Average Joe Finances","startTime":1652.433,"endTime":1652.613,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1652.613,"endTime":1655.673,"body":"You need to have your goals, you need"},{"speaker":"Average Joe Finances","startTime":1652.613,"endTime":1655.673,"body":"to have it set somewhere and you need"},{"speaker":"Average Joe Finances","startTime":1655.673,"endTime":1659.123,"body":"to chase those goals, but eventually"},{"speaker":"Average Joe Finances","startTime":1655.673,"endTime":1659.123,"body":"you're gonna have to change 'em cuz"},{"speaker":"Average Joe Finances","startTime":1659.123,"endTime":1660.593,"body":"you will achieve those goals, right?"},{"speaker":"Average Joe Finances","startTime":1660.593,"endTime":1661.431,"body":"You keep pushing and pushing."},{"speaker":"Average Joe Finances","startTime":1661.431,"endTime":1662.391,"body":"You're gonna achieve those goals."},{"speaker":"Average Joe Finances","startTime":1662.691,"endTime":1663.231,"body":"Then what?"},{"speaker":"Average Joe Finances","startTime":1663.231,"endTime":1665.571,"body":"You don't wanna stagnate, so"},{"speaker":"Average Joe Finances","startTime":1663.231,"endTime":1665.571,"body":"you wanna keep moving the bar."},{"speaker":"Average Joe Finances","startTime":1665.576,"endTime":1666.981,"body":"You wanna keep raising the bar."},{"speaker":"Average Joe Finances","startTime":1667.136,"endTime":1669.007,"body":"And this goes two ways, right?"},{"speaker":"Average Joe Finances","startTime":1669.007,"endTime":1672.397,"body":"You don't wanna get yourself into the"},{"speaker":"Average Joe Finances","startTime":1669.007,"endTime":1672.397,"body":"point where you're on that hamster wheel"},{"speaker":"Average Joe Finances","startTime":1672.397,"endTime":1673.79,"body":"just constantly chasing and chasing."},{"speaker":"Average Joe Finances","startTime":1673.79,"endTime":1675.401,"body":"If it's not something that's attainable."},{"speaker":"Average Joe Finances","startTime":1675.401,"endTime":1679.031,"body":"But if you set these goals and you"},{"speaker":"Average Joe Finances","startTime":1675.401,"endTime":1679.031,"body":"keep chasing these goals, and you're"},{"speaker":"Average Joe Finances","startTime":1679.031,"endTime":1682.361,"body":"attaining them, and you move the goalpost"},{"speaker":"Average Joe Finances","startTime":1679.031,"endTime":1682.361,"body":"further, and you keep going, and you"},{"speaker":"Average Joe Finances","startTime":1682.366,"endTime":1686.353,"body":"have a good reason why you're doing,"},{"speaker":"Average Joe Finances","startTime":1682.366,"endTime":1686.353,"body":"Then you'll be unstoppable because"},{"speaker":"Average Joe Finances","startTime":1686.353,"endTime":1689.053,"body":"you'll be able to just keep growing"},{"speaker":"Average Joe Finances","startTime":1686.353,"endTime":1689.053,"body":"and scaling and making that happen."},{"speaker":"Average Joe Finances","startTime":1689.533,"endTime":1691.721,"body":"Now the other piece of that, as"},{"speaker":"Average Joe Finances","startTime":1689.533,"endTime":1691.721,"body":"you're saying too, don't lose"},{"speaker":"Average Joe Finances","startTime":1691.721,"endTime":1693.985,"body":"focus as to why you did this."},{"speaker":"Average Joe Finances","startTime":1694.081,"endTime":1697.667,"body":"You were doing this to generate wealth, to"},{"speaker":"Average Joe Finances","startTime":1694.081,"endTime":1697.667,"body":"replace your nine to five job or whatever"},{"speaker":"Average Joe Finances","startTime":1697.667,"endTime":1700.757,"body":"that case may be, whatever your goal is"},{"speaker":"Average Joe Finances","startTime":1697.667,"endTime":1700.757,"body":"for doing it, whether it was to make that"},{"speaker":"Average Joe Finances","startTime":1700.757,"endTime":1704.327,"body":"$500 a month to pay off some bills or a"},{"speaker":"Average Joe Finances","startTime":1700.757,"endTime":1704.327,"body":"thousand dollars a month, whatever it was,"},{"speaker":"Average Joe Finances","startTime":1704.717,"endTime":1709.642,"body":"don't lose focus of what that was and get"},{"speaker":"Average Joe Finances","startTime":1704.717,"endTime":1709.642,"body":"solely invested in that you lose your way."},{"speaker":"Average Joe Finances","startTime":1709.813,"endTime":1712.295,"body":"And then on top of that, as you're doing"},{"speaker":"Average Joe Finances","startTime":1709.813,"endTime":1712.295,"body":"this, especially if you're doing this"},{"speaker":"Average Joe Finances","startTime":1712.295,"endTime":1716.305,"body":"to build your wealth, can take money"},{"speaker":"Average Joe Finances","startTime":1712.295,"endTime":1716.305,"body":"out and invest it and make sure it's"},{"speaker":"Average Joe Finances","startTime":1716.305,"endTime":1717.832,"body":"getting contributed into something."},{"speaker":"Average Joe Finances","startTime":1717.861,"endTime":1721.671,"body":"So you said into the S\u0026P 500, or if"},{"speaker":"Average Joe Finances","startTime":1717.861,"endTime":1721.671,"body":"you're gonna dollar cost average Bitcoin,"},{"speaker":"Average Joe Finances","startTime":1721.671,"endTime":1723.611,"body":"whatever it is that you might wanna do."},{"speaker":"Average Joe Finances","startTime":1723.611,"endTime":1726.968,"body":"So let's say somebody is in their"},{"speaker":"Average Joe Finances","startTime":1723.611,"endTime":1726.968,"body":"nine to five job, they started their"},{"speaker":"Average Joe Finances","startTime":1726.968,"endTime":1730.926,"body":"side hustle, they're investing that"},{"speaker":"Average Joe Finances","startTime":1726.968,"endTime":1730.926,"body":"money, separately into some index"},{"speaker":"Average Joe Finances","startTime":1730.926,"endTime":1734.596,"body":"funds or just into own individual"},{"speaker":"Average Joe Finances","startTime":1730.926,"endTime":1734.596,"body":"stocks that they're comfortable with."},{"speaker":"Average Joe Finances","startTime":1734.646,"endTime":1739.056,"body":"Would you say that contributing"},{"speaker":"Average Joe Finances","startTime":1734.646,"endTime":1739.056,"body":"to their employees 401k, Does that"},{"speaker":"Average Joe Finances","startTime":1739.056,"endTime":1742.509,"body":"still make sense while there's"},{"speaker":"Average Joe Finances","startTime":1739.056,"endTime":1742.509,"body":"still doing this on the side?"},{"speaker":"Aryeh Sheinbein","startTime":1742.809,"endTime":1743.049,"body":"Yeah."},{"speaker":"Aryeh Sheinbein","startTime":1743.049,"endTime":1745.958,"body":"So I think my view is, personal"},{"speaker":"Aryeh Sheinbein","startTime":1743.049,"endTime":1745.958,"body":"finance has the word personal"},{"speaker":"Aryeh Sheinbein","startTime":1746.108,"endTime":1747.428,"body":"because everything's personal, right?"},{"speaker":"Aryeh Sheinbein","startTime":1747.428,"endTime":1751.298,"body":"So obviously the answer disclaimer"},{"speaker":"Aryeh Sheinbein","startTime":1747.428,"endTime":1751.298,"body":"depends, and this is not financial advice,"},{"speaker":"Aryeh Sheinbein","startTime":1751.298,"endTime":1756.365,"body":"but if your company that you work at"},{"speaker":"Aryeh Sheinbein","startTime":1751.298,"endTime":1756.365,"body":"is giving you some sort of match, so"},{"speaker":"Aryeh Sheinbein","startTime":1756.705,"endTime":1758.885,"body":"everyone's got these different things,"},{"speaker":"Aryeh Sheinbein","startTime":1756.705,"endTime":1758.885,"body":"but like on average, they'll basically"},{"speaker":"Aryeh Sheinbein","startTime":1758.885,"endTime":1763.271,"body":"say if you take 6% of your salary, they'll"},{"speaker":"Aryeh Sheinbein","startTime":1758.885,"endTime":1763.271,"body":"give you 3% of your salary in a match."},{"speaker":"Aryeh Sheinbein","startTime":1763.276,"endTime":1767.231,"body":"So that's effectively a 50%"},{"speaker":"Aryeh Sheinbein","startTime":1763.276,"endTime":1767.231,"body":"match to your first 6%, right?"},{"speaker":"Aryeh Sheinbein","startTime":1767.231,"endTime":1768.587,"body":"So let's talk in easy numbers."},{"speaker":"Aryeh Sheinbein","startTime":1768.827,"endTime":1771.287,"body":"If you make a hundred thousand"},{"speaker":"Aryeh Sheinbein","startTime":1768.827,"endTime":1771.287,"body":"dollars salary, you put in"},{"speaker":"Aryeh Sheinbein","startTime":1771.287,"endTime":1773.877,"body":"$6,000, they will match 3000."},{"speaker":"Aryeh Sheinbein","startTime":1774.027,"endTime":1775.617,"body":"Out of the gate, there's not a question."},{"speaker":"Aryeh Sheinbein","startTime":1775.917,"endTime":1777.757,"body":"You just got a 50% return on money."},{"speaker":"Aryeh Sheinbein","startTime":1778.007,"endTime":1781.397,"body":"You should put that $6,000 in"},{"speaker":"Aryeh Sheinbein","startTime":1778.007,"endTime":1781.397,"body":"because you just made 50% on it,"},{"speaker":"Aryeh Sheinbein","startTime":1781.397,"endTime":1783.017,"body":"even if you're flat in the market."},{"speaker":"Aryeh Sheinbein","startTime":1783.317,"endTime":1785.417,"body":"So total no-brainer there."},{"speaker":"Aryeh Sheinbein","startTime":1785.717,"endTime":1788.897,"body":"And even if you're gonna grow it"},{"speaker":"Aryeh Sheinbein","startTime":1785.717,"endTime":1788.897,"body":"in a business, it's still 50%."},{"speaker":"Aryeh Sheinbein","startTime":1788.997,"endTime":1792.432,"body":"That's a number, and so like the"},{"speaker":"Aryeh Sheinbein","startTime":1788.997,"endTime":1792.432,"body":"other thing is now you have to start"},{"speaker":"Aryeh Sheinbein","startTime":1792.432,"endTime":1793.942,"body":"to look at your personal situation."},{"speaker":"Aryeh Sheinbein","startTime":1794.285,"endTime":1797.148,"body":"401k really like whatever,"},{"speaker":"Aryeh Sheinbein","startTime":1794.285,"endTime":1797.148,"body":"they're 40 years old."},{"speaker":"Aryeh Sheinbein","startTime":1797.148,"endTime":1799.741,"body":"They're not like, they haven't been"},{"speaker":"Aryeh Sheinbein","startTime":1797.148,"endTime":1799.741,"body":"around maybe they're like 50 or 60"},{"speaker":"Aryeh Sheinbein","startTime":1799.741,"endTime":1802.368,"body":"years old, but they haven't been around"},{"speaker":"Aryeh Sheinbein","startTime":1799.741,"endTime":1802.368,"body":"for decades and decades and centuries."},{"speaker":"Aryeh Sheinbein","startTime":1802.432,"endTime":1804.022,"body":"They replace the pension fund."},{"speaker":"Aryeh Sheinbein","startTime":1804.052,"endTime":1807.62,"body":"Cause the companies are like, we"},{"speaker":"Aryeh Sheinbein","startTime":1804.052,"endTime":1807.62,"body":"can't keep investing and create"},{"speaker":"Aryeh Sheinbein","startTime":1807.62,"endTime":1809.93,"body":"a future for these people, so"},{"speaker":"Aryeh Sheinbein","startTime":1807.62,"endTime":1809.93,"body":"you gotta do it on your own."},{"speaker":"Aryeh Sheinbein","startTime":1810.095,"endTime":1811.895,"body":"And they come with all"},{"speaker":"Aryeh Sheinbein","startTime":1810.095,"endTime":1811.895,"body":"these tax things, right?"},{"speaker":"Aryeh Sheinbein","startTime":1811.895,"endTime":1813.245,"body":"Like pretax post-tax, right?"},{"speaker":"Aryeh Sheinbein","startTime":1813.245,"endTime":1816.745,"body":"Cause there's Roth 401ks and"},{"speaker":"Aryeh Sheinbein","startTime":1813.245,"endTime":1816.745,"body":"then there's regular 401k."},{"speaker":"Aryeh Sheinbein","startTime":1817.045,"endTime":1820.755,"body":"Keep in mind, most importantly, anything"},{"speaker":"Aryeh Sheinbein","startTime":1817.045,"endTime":1820.755,"body":"in this vehicle, for the most part, you"},{"speaker":"Aryeh Sheinbein","startTime":1820.755,"endTime":1822.675,"body":"cannot touch till you're 59 and a half."},{"speaker":"Aryeh Sheinbein","startTime":1822.975,"endTime":1823.815,"body":"Yes, you can take it out."},{"speaker":"Aryeh Sheinbein","startTime":1823.82,"endTime":1826.997,"body":"There's penalties, all these things,"},{"speaker":"Aryeh Sheinbein","startTime":1823.82,"endTime":1826.997,"body":"but the reality is like you have to"},{"speaker":"Aryeh Sheinbein","startTime":1826.997,"endTime":1831.542,"body":"know your situation to say, Okay,"},{"speaker":"Aryeh Sheinbein","startTime":1826.997,"endTime":1831.542,"body":"is this, am I okay waiting till 59"},{"speaker":"Aryeh Sheinbein","startTime":1831.542,"endTime":1835.322,"body":"and a half, or do I want to be doing"},{"speaker":"Aryeh Sheinbein","startTime":1831.542,"endTime":1835.322,"body":"something else with this money, right?"},{"speaker":"Aryeh Sheinbein","startTime":1835.324,"endTime":1840.259,"body":"I wanna save $10,000 so I can go into"},{"speaker":"Aryeh Sheinbein","startTime":1835.324,"endTime":1840.259,"body":"a real estate syndication where I'm"},{"speaker":"Aryeh Sheinbein","startTime":1840.259,"endTime":1843.709,"body":"going to own a piece of land with"},{"speaker":"Aryeh Sheinbein","startTime":1840.259,"endTime":1843.709,"body":"my next door neighbor or whatever."},{"speaker":"Aryeh Sheinbein","startTime":1843.829,"endTime":1844.199,"body":"It's right."},{"speaker":"Aryeh Sheinbein","startTime":1844.349,"endTime":1845.909,"body":"And worse comes worse."},{"speaker":"Aryeh Sheinbein","startTime":1845.939,"endTime":1847.589,"body":"You take it out and you"},{"speaker":"Aryeh Sheinbein","startTime":1845.939,"endTime":1847.589,"body":"pay the penalty, right?"},{"speaker":"Aryeh Sheinbein","startTime":1847.594,"endTime":1849.124,"body":"That's probably like"},{"speaker":"Aryeh Sheinbein","startTime":1847.594,"endTime":1849.124,"body":"the worst case scenario."},{"speaker":"Aryeh Sheinbein","startTime":1849.464,"endTime":1853.635,"body":"I guess the worst case scenario is you"},{"speaker":"Aryeh Sheinbein","startTime":1849.464,"endTime":1853.635,"body":"put it in your 401k, it drops 50% of"},{"speaker":"Aryeh Sheinbein","startTime":1853.635,"endTime":1854.835,"body":"value and then you pay the penalty."},{"speaker":"Aryeh Sheinbein","startTime":1854.955,"endTime":1855.225,"body":"Okay?"},{"speaker":"Aryeh Sheinbein","startTime":1855.225,"endTime":1856.359,"body":"So obviously not that good."},{"speaker":"Aryeh Sheinbein","startTime":1856.409,"endTime":1860.369,"body":"Putting money in a 401K is definitely"},{"speaker":"Aryeh Sheinbein","startTime":1856.409,"endTime":1860.369,"body":"still something that people should be"},{"speaker":"Aryeh Sheinbein","startTime":1860.369,"endTime":1863.769,"body":"considering, but understanding like what"},{"speaker":"Aryeh Sheinbein","startTime":1860.369,"endTime":1863.769,"body":"are they really trying to accomplish?"},{"speaker":"Aryeh Sheinbein","startTime":1864.159,"endTime":1868.029,"body":"Because that money at 20"},{"speaker":"Aryeh Sheinbein","startTime":1864.159,"endTime":1868.029,"body":"whatever years old, it's gonna"},{"speaker":"Aryeh Sheinbein","startTime":1868.029,"endTime":1869.554,"body":"compound really nicely, right?"},{"speaker":"Aryeh Sheinbein","startTime":1869.561,"endTime":1872.495,"body":"If you fill it from like 20"},{"speaker":"Aryeh Sheinbein","startTime":1869.561,"endTime":1872.495,"body":"to 30  and you do your 18 and"},{"speaker":"Aryeh Sheinbein","startTime":1872.495,"endTime":1873.275,"body":"whatever the heck it is now."},{"speaker":"Aryeh Sheinbein","startTime":1873.645,"endTime":1876.669,"body":"19 and a half, 20 and a half thousand"},{"speaker":"Aryeh Sheinbein","startTime":1873.645,"endTime":1876.669,"body":"dollars, whatever the legal, tax allowed"},{"speaker":"Aryeh Sheinbein","startTime":1876.669,"endTime":1879.999,"body":"amount is, if you're gonna put that"},{"speaker":"Aryeh Sheinbein","startTime":1876.669,"endTime":1879.999,"body":"in, it's gonna compound really nicely."},{"speaker":"Aryeh Sheinbein","startTime":1880.179,"endTime":1883.028,"body":"Yeah you'll have down markets go"},{"speaker":"Aryeh Sheinbein","startTime":1880.179,"endTime":1883.028,"body":"about markets, but it's gonna grow."},{"speaker":"Aryeh Sheinbein","startTime":1883.028,"endTime":1887.108,"body":"But if you're like, Okay, I want to do"},{"speaker":"Aryeh Sheinbein","startTime":1883.028,"endTime":1887.108,"body":"this other business again, I go back, Hey,"},{"speaker":"Aryeh Sheinbein","startTime":1887.108,"endTime":1888.458,"body":"do you have a match to take the match?"},{"speaker":"Aryeh Sheinbein","startTime":1888.548,"endTime":1892.898,"body":"But after that, if you're like, No,"},{"speaker":"Aryeh Sheinbein","startTime":1888.548,"endTime":1892.898,"body":"I now want to grow this thing and"},{"speaker":"Aryeh Sheinbein","startTime":1892.898,"endTime":1896.198,"body":"start a new job, like create enough"},{"speaker":"Aryeh Sheinbein","startTime":1892.898,"endTime":1896.198,"body":"of a business that maybe I'm gonna"},{"speaker":"Aryeh Sheinbein","startTime":1896.198,"endTime":1900.968,"body":"even leave my job, I have no qualms"},{"speaker":"Aryeh Sheinbein","startTime":1896.198,"endTime":1900.968,"body":"of putting it into a business because"},{"speaker":"Aryeh Sheinbein","startTime":1901.328,"endTime":1904.118,"body":"one of the best investments anybody"},{"speaker":"Aryeh Sheinbein","startTime":1901.328,"endTime":1904.118,"body":"can make is investing in themselves."},{"speaker":"Aryeh Sheinbein","startTime":1904.448,"endTime":1907.409,"body":"So understand, there's the long,"},{"speaker":"Aryeh Sheinbein","startTime":1904.448,"endTime":1907.409,"body":"short way and there's short, long way."},{"speaker":"Aryeh Sheinbein","startTime":1907.559,"endTime":1909.614,"body":"And what that means is if"},{"speaker":"Aryeh Sheinbein","startTime":1907.559,"endTime":1909.614,"body":"you think there's gonna be"},{"speaker":"Aryeh Sheinbein","startTime":1909.614,"endTime":1910.874,"body":"some sort of shortcut here."},{"speaker":"Aryeh Sheinbein","startTime":1911.219,"endTime":1911.699,"body":"Guess what?"},{"speaker":"Aryeh Sheinbein","startTime":1911.759,"endTime":1914.879,"body":"You're gonna hit some roadblock"},{"speaker":"Aryeh Sheinbein","startTime":1911.759,"endTime":1914.879,"body":"because you didn't know something."},{"speaker":"Aryeh Sheinbein","startTime":1915.239,"endTime":1919.349,"body":"And it's a lot cheaper a lot of"},{"speaker":"Aryeh Sheinbein","startTime":1915.239,"endTime":1919.349,"body":"times to pay someone to learn."},{"speaker":"Aryeh Sheinbein","startTime":1919.379,"endTime":1921.629,"body":"Yeah, you can go on YouTube"},{"speaker":"Aryeh Sheinbein","startTime":1919.379,"endTime":1921.629,"body":"or listen to podcast."},{"speaker":"Aryeh Sheinbein","startTime":1921.629,"endTime":1923.069,"body":"I'm not opposed to any of that stuff."},{"speaker":"Aryeh Sheinbein","startTime":1923.069,"endTime":1926.916,"body":"And I'm not like mandating everybody"},{"speaker":"Aryeh Sheinbein","startTime":1923.069,"endTime":1926.916,"body":"pay for education, but a lot of"},{"speaker":"Aryeh Sheinbein","startTime":1926.921,"endTime":1930.715,"body":"times it shortcuts things because you"},{"speaker":"Aryeh Sheinbein","startTime":1926.921,"endTime":1930.715,"body":"didn't know that thing hiding behind"},{"speaker":"Aryeh Sheinbein","startTime":1930.715,"endTime":1934.345,"body":"the wall or you didn't know that,"},{"speaker":"Aryeh Sheinbein","startTime":1930.715,"endTime":1934.345,"body":"ugh, if you go this way, guess what?"},{"speaker":"Aryeh Sheinbein","startTime":1934.345,"endTime":1937.015,"body":"There's another tax to pay on the"},{"speaker":"Aryeh Sheinbein","startTime":1934.345,"endTime":1937.015,"body":"back end or something like that."},{"speaker":"Aryeh Sheinbein","startTime":1937.315,"endTime":1942.31,"body":"So in terms of, if I want to be investing"},{"speaker":"Aryeh Sheinbein","startTime":1937.315,"endTime":1942.31,"body":"in a business, I say, yeah put the"},{"speaker":"Aryeh Sheinbein","startTime":1942.31,"endTime":1943.87,"body":"money to work if you have a match."},{"speaker":"Aryeh Sheinbein","startTime":1943.93,"endTime":1950.14,"body":"If not, you have to make that short term"},{"speaker":"Aryeh Sheinbein","startTime":1943.93,"endTime":1950.14,"body":"decision of like, how much do I need to"},{"speaker":"Aryeh Sheinbein","startTime":1950.47,"endTime":1954.82,"body":"be growing this business or to educating"},{"speaker":"Aryeh Sheinbein","startTime":1950.47,"endTime":1954.82,"body":"and then can I afford then just to put"},{"speaker":"Aryeh Sheinbein","startTime":1954.82,"endTime":1957.13,"body":"the rest or some of it into the 401k?"},{"speaker":"Aryeh Sheinbein","startTime":1957.13,"endTime":1959.597,"body":"Because the reality is , this is"},{"speaker":"Aryeh Sheinbein","startTime":1957.13,"endTime":1959.597,"body":"another principle I tell people,"},{"speaker":"Aryeh Sheinbein","startTime":1959.597,"endTime":1962.223,"body":"and that is Parkinson's law, which"},{"speaker":"Aryeh Sheinbein","startTime":1959.597,"endTime":1962.223,"body":"has nothing to do with investing."},{"speaker":"Aryeh Sheinbein","startTime":1962.433,"endTime":1965.163,"body":"Investing is something that"},{"speaker":"Aryeh Sheinbein","startTime":1962.433,"endTime":1965.163,"body":"holds true in anything."},{"speaker":"Aryeh Sheinbein","startTime":1965.253,"endTime":1969.162,"body":"Parkinson's law in a, in its short"},{"speaker":"Aryeh Sheinbein","startTime":1965.253,"endTime":1969.162,"body":"form, is whatever time or space you"},{"speaker":"Aryeh Sheinbein","startTime":1969.162,"endTime":1970.932,"body":"give something, it will occupy that."},{"speaker":"Aryeh Sheinbein","startTime":1971.232,"endTime":1975.132,"body":"So if I give you a closet to hold your"},{"speaker":"Aryeh Sheinbein","startTime":1971.232,"endTime":1975.132,"body":"stuff, you'll probably be able to fill"},{"speaker":"Aryeh Sheinbein","startTime":1975.132,"endTime":1978.132,"body":"it up, but if I actually give you a"},{"speaker":"Aryeh Sheinbein","startTime":1975.132,"endTime":1978.132,"body":"whole bedroom over time, you'd probably"},{"speaker":"Aryeh Sheinbein","startTime":1978.132,"endTime":1982.062,"body":"fill the whole bedroom up or you have a"},{"speaker":"Aryeh Sheinbein","startTime":1978.132,"endTime":1982.062,"body":"project due and I give you three days."},{"speaker":"Aryeh Sheinbein","startTime":1982.092,"endTime":1983.202,"body":"And normally it takes you a week."},{"speaker":"Aryeh Sheinbein","startTime":1983.322,"endTime":1985.512,"body":"You're gonna get it done in"},{"speaker":"Aryeh Sheinbein","startTime":1983.322,"endTime":1985.512,"body":"three days because that's only"},{"speaker":"Aryeh Sheinbein","startTime":1985.517,"endTime":1986.412,"body":"amount of time I gave you."},{"speaker":"Aryeh Sheinbein","startTime":1986.712,"endTime":1992.033,"body":"If you make $5,000 a month in post tax"},{"speaker":"Aryeh Sheinbein","startTime":1986.712,"endTime":1992.033,"body":"month, and I say, and you're like I"},{"speaker":"Aryeh Sheinbein","startTime":1992.033,"endTime":1995.55,"body":"spend all of it, like I use every penny"},{"speaker":"Aryeh Sheinbein","startTime":1992.033,"endTime":1995.55,"body":"of it, so I can't afford to invest, or"},{"speaker":"Aryeh Sheinbein","startTime":1995.55,"endTime":1999.177,"body":"I can't afford to invest in my, but my"},{"speaker":"Aryeh Sheinbein","startTime":1995.55,"endTime":1999.177,"body":"business or my training or my education."},{"speaker":"Aryeh Sheinbein","startTime":1999.327,"endTime":2003.317,"body":"Parkinson's law will hold true, and"},{"speaker":"Aryeh Sheinbein","startTime":1999.327,"endTime":2003.317,"body":"that is if I take 10% away from you to"},{"speaker":"Aryeh Sheinbein","startTime":2003.317,"endTime":2007.855,"body":"put into your future and invest or put"},{"speaker":"Aryeh Sheinbein","startTime":2003.317,"endTime":2007.855,"body":"into your future to give you education"},{"speaker":"Aryeh Sheinbein","startTime":2007.86,"endTime":2011.975,"body":"or whatever it may be, you'll find"},{"speaker":"Aryeh Sheinbein","startTime":2007.86,"endTime":2011.975,"body":"a way to live off of $4,500 a month."},{"speaker":"Aryeh Sheinbein","startTime":2012.275,"endTime":2014.345,"body":"It's not like Dave Ramsey"},{"speaker":"Aryeh Sheinbein","startTime":2012.275,"endTime":2014.345,"body":"cut the latte kind of thing."},{"speaker":"Aryeh Sheinbein","startTime":2014.405,"endTime":2018.095,"body":"It's, you'll find a way it will"},{"speaker":"Aryeh Sheinbein","startTime":2014.405,"endTime":2018.095,"body":"maneuver itself and that's a"},{"speaker":"Aryeh Sheinbein","startTime":2018.095,"endTime":2019.865,"body":"Parkinson's law concept in my mind."},{"speaker":"Aryeh Sheinbein","startTime":2020.315,"endTime":2024.946,"body":"And it may have been a long winded answer"},{"speaker":"Aryeh Sheinbein","startTime":2020.315,"endTime":2024.946,"body":"to the simple question 401k or not, but I"},{"speaker":"Aryeh Sheinbein","startTime":2024.951,"endTime":2026.146,"body":"think it really depends on the situation."},{"speaker":"Aryeh Sheinbein","startTime":2026.146,"endTime":2028.022,"body":"But those are a lot of the"},{"speaker":"Aryeh Sheinbein","startTime":2026.146,"endTime":2028.022,"body":"variables I would think about."},{"speaker":"Average Joe Finances","startTime":2028.022,"endTime":2030.452,"body":"Yeah, I absolutely"},{"speaker":"Average Joe Finances","startTime":2028.022,"endTime":2030.452,"body":"love that answer because there again,"},{"speaker":"Average Joe Finances","startTime":2030.512,"endTime":2032.342,"body":"a lot of great takeaways from there."},{"speaker":"Average Joe Finances","startTime":2032.532,"endTime":2034.289,"body":"Especially the one about shortcuts."},{"speaker":"Average Joe Finances","startTime":2034.289,"endTime":2036.459,"body":"If you ask me,  shortcuts"},{"speaker":"Average Joe Finances","startTime":2034.289,"endTime":2036.459,"body":"lead to deep wounds, right?"},{"speaker":"Average Joe Finances","startTime":2036.699,"endTime":2040.038,"body":"You take a shortcut and it might"},{"speaker":"Average Joe Finances","startTime":2036.699,"endTime":2040.038,"body":"seem like a shortcut, but man"},{"speaker":"Average Joe Finances","startTime":2040.038,"endTime":2041.675,"body":"it's really a deep cut, right?"},{"speaker":"Average Joe Finances","startTime":2041.675,"endTime":2044.389,"body":"Because a lot of times you're not"},{"speaker":"Average Joe Finances","startTime":2041.675,"endTime":2044.389,"body":"gonna see the stuff that's gonna catch"},{"speaker":"Average Joe Finances","startTime":2044.394,"endTime":2047.51,"body":"you off guard because you decided to"},{"speaker":"Average Joe Finances","startTime":2044.394,"endTime":2047.51,"body":"take a shortcut instead of doing it."},{"speaker":"Average Joe Finances","startTime":2047.95,"endTime":2049.918,"body":"Quote unquote, the right"},{"speaker":"Average Joe Finances","startTime":2047.95,"endTime":2049.918,"body":"way the first time."},{"speaker":"Average Joe Finances","startTime":2049.918,"endTime":2053.227,"body":"And in real estate, we call that"},{"speaker":"Average Joe Finances","startTime":2049.918,"endTime":2053.227,"body":"an expensive education, right?"},{"speaker":"Average Joe Finances","startTime":2053.227,"endTime":2056.607,"body":"Because you're gonna learn from that and"},{"speaker":"Average Joe Finances","startTime":2053.227,"endTime":2056.607,"body":"hopefully not do that again in the future."},{"speaker":"Average Joe Finances","startTime":2056.607,"endTime":2058.292,"body":"But yeah that's that's all great points."},{"speaker":"Average Joe Finances","startTime":2058.292,"endTime":2061.952,"body":"And especially with Parkinson's law,"},{"speaker":"Average Joe Finances","startTime":2058.292,"endTime":2061.952,"body":"using that as a reference as well, because"},{"speaker":"Average Joe Finances","startTime":2062.05,"endTime":2066.56,"body":"you're gonna have to learn to work around"},{"speaker":"Average Joe Finances","startTime":2062.05,"endTime":2066.56,"body":"what you have and what you're given, so"},{"speaker":"Average Joe Finances","startTime":2066.56,"endTime":2071.65,"body":"by taking that 10% away and working around"},{"speaker":"Average Joe Finances","startTime":2066.56,"endTime":2071.65,"body":"eventually it's gonna become normal, and"},{"speaker":"Average Joe Finances","startTime":2071.65,"endTime":2073.24,"body":"that's what you're gonna be used to doing."},{"speaker":"Average Joe Finances","startTime":2073.579,"endTime":2077.209,"body":"It might be difficult for the first"},{"speaker":"Average Joe Finances","startTime":2073.579,"endTime":2077.209,"body":"30, 60, 90 days, but after that"},{"speaker":"Average Joe Finances","startTime":2077.209,"endTime":2080.138,"body":"you're gonna be like, Oh no, this is"},{"speaker":"Average Joe Finances","startTime":2077.209,"endTime":2080.138,"body":"what I live off of now, it's $4,500."},{"speaker":"Average Joe Finances","startTime":2080.163,"endTime":2082.42,"body":"No that's all very key"},{"speaker":"Average Joe Finances","startTime":2080.163,"endTime":2082.42,"body":"points and key takeaways."},{"speaker":"Average Joe Finances","startTime":2082.42,"endTime":2082.714,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2083.044,"endTime":2083.374,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2083.374,"endTime":2083.654,"body":"Aryeh."},{"speaker":"Average Joe Finances","startTime":2083.679,"endTime":2087.424,"body":"I'd love to transition this into"},{"speaker":"Average Joe Finances","startTime":2083.679,"endTime":2087.424,"body":"something that I call the final round."},{"speaker":"Average Joe Finances","startTime":2087.602,"endTime":2090.372,"body":"It's where I'm gonna ask you four"},{"speaker":"Average Joe Finances","startTime":2087.602,"endTime":2090.372,"body":"hard hitting questions just to get"},{"speaker":"Average Joe Finances","startTime":2090.372,"endTime":2094.118,"body":"a good sense of who you are when it"},{"speaker":"Average Joe Finances","startTime":2090.372,"endTime":2094.118,"body":"comes to being under pressure, making"},{"speaker":"Average Joe Finances","startTime":2094.118,"endTime":2095.597,"body":"mistakes and all of that good stuff."},{"speaker":"Average Joe Finances","startTime":2095.597,"endTime":2097.397,"body":"So if you're ready to go,"},{"speaker":"Average Joe Finances","startTime":2095.597,"endTime":2097.397,"body":"we'll get this party started."},{"speaker":"Aryeh Sheinbein","startTime":2097.727,"endTime":2098.267,"body":"Let's do it."},{"speaker":"Average Joe Finances","startTime":2098.477,"endTime":2098.807,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2098.807,"endTime":2099.347,"body":"Let's do it."},{"speaker":"Average Joe Finances","startTime":2099.377,"endTime":2099.677,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2099.917,"endTime":2103.287,"body":"So Aria, the first question in"},{"speaker":"Average Joe Finances","startTime":2099.917,"endTime":2103.287,"body":"the final round is, what's the"},{"speaker":"Average Joe Finances","startTime":2103.292,"endTime":2105.257,"body":"biggest mistake you've ever made?"},{"speaker":"Aryeh Sheinbein","startTime":2105.64,"endTime":2105.94,"body":"Whew."},{"speaker":"Aryeh Sheinbein","startTime":2106.09,"endTime":2107.925,"body":"I don't know that there's"},{"speaker":"Aryeh Sheinbein","startTime":2106.09,"endTime":2107.925,"body":"the biggest, because I have"},{"speaker":"Aryeh Sheinbein","startTime":2107.925,"endTime":2109.125,"body":"a number of mistakes I made."},{"speaker":"Aryeh Sheinbein","startTime":2109.125,"endTime":2110.145,"body":"I made a lot of mistakes."},{"speaker":"Aryeh Sheinbein","startTime":2110.515,"endTime":2113.781,"body":"And I think we're gonna stick on the"},{"speaker":"Aryeh Sheinbein","startTime":2110.515,"endTime":2113.781,"body":"topic of either investing or business."},{"speaker":"Aryeh Sheinbein","startTime":2113.81,"endTime":2114.363,"body":"We'll go with that."},{"speaker":"Aryeh Sheinbein","startTime":2114.454,"endTime":2115.654,"body":"And I think it was probably,"},{"speaker":"Average Joe Finances","startTime":2115.654,"endTime":2117.004,"body":"let's"},{"speaker":"Average Joe Finances","startTime":2115.654,"endTime":2117.004,"body":"stick on the business side."},{"speaker":"Average Joe Finances","startTime":2117.124,"endTime":2119.349,"body":"Cause I have a lot of investors"},{"speaker":"Average Joe Finances","startTime":2117.124,"endTime":2119.349,"body":"that come on the show and share"},{"speaker":"Average Joe Finances","startTime":2119.354,"endTime":2120.459,"body":"their biggest mistake in investing."},{"speaker":"Average Joe Finances","startTime":2120.459,"endTime":2122.825,"body":"I'd like to know what your"},{"speaker":"Average Joe Finances","startTime":2120.459,"endTime":2122.825,"body":"biggest business mistake was."},{"speaker":"Aryeh Sheinbein","startTime":2123.06,"endTime":2126.54,"body":"So the biggest business"},{"speaker":"Aryeh Sheinbein","startTime":2123.06,"endTime":2126.54,"body":"mistake was, for all the push that I"},{"speaker":"Aryeh Sheinbein","startTime":2126.54,"endTime":2130.66,"body":"gave against manufacturing something"},{"speaker":"Aryeh Sheinbein","startTime":2126.54,"endTime":2130.66,"body":"abroad in China, I was very opposed."},{"speaker":"Aryeh Sheinbein","startTime":2130.81,"endTime":2135.16,"body":"I felt like I had no advantage because"},{"speaker":"Aryeh Sheinbein","startTime":2130.81,"endTime":2135.16,"body":"I don't have boots on the ground."},{"speaker":"Aryeh Sheinbein","startTime":2135.16,"endTime":2136.09,"body":"I'm not there."},{"speaker":"Aryeh Sheinbein","startTime":2136.21,"endTime":2139.39,"body":"Even if I were to go there, I don't"},{"speaker":"Aryeh Sheinbein","startTime":2136.21,"endTime":2139.39,"body":"speak the language and like I feel like."},{"speaker":"Aryeh Sheinbein","startTime":2139.69,"endTime":2143.758,"body":"As a US you know, person, you're it"},{"speaker":"Aryeh Sheinbein","startTime":2139.69,"endTime":2143.758,"body":"says sucker written all over you."},{"speaker":"Aryeh Sheinbein","startTime":2143.758,"endTime":2146.78,"body":"Like you're there to be taken advantage"},{"speaker":"Aryeh Sheinbein","startTime":2143.758,"endTime":2146.78,"body":"until you have the relationship."},{"speaker":"Aryeh Sheinbein","startTime":2146.934,"endTime":2148.194,"body":"So I was very opposed."},{"speaker":"Aryeh Sheinbein","startTime":2148.434,"endTime":2153.096,"body":"And so for a while we just, I wouldn't"},{"speaker":"Aryeh Sheinbein","startTime":2148.434,"endTime":2153.096,"body":"do this and eventually I had a"},{"speaker":"Aryeh Sheinbein","startTime":2153.101,"endTime":2157.536,"body":"business partner and I was convinced"},{"speaker":"Aryeh Sheinbein","startTime":2153.101,"endTime":2157.536,"body":"that this was gonna work out and the"},{"speaker":"Aryeh Sheinbein","startTime":2157.536,"endTime":2160.276,"body":"product was gonna sell and everything"},{"speaker":"Aryeh Sheinbein","startTime":2157.536,"endTime":2160.276,"body":"was gonna get manufactured Great."},{"speaker":"Aryeh Sheinbein","startTime":2160.426,"endTime":2165.009,"body":"And sure enough, we didn't fully"},{"speaker":"Aryeh Sheinbein","startTime":2160.426,"endTime":2165.009,"body":"understand some of, the components that"},{"speaker":"Aryeh Sheinbein","startTime":2165.009,"endTime":2170.403,"body":"they told us in terms of what the fail"},{"speaker":"Aryeh Sheinbein","startTime":2165.009,"endTime":2170.403,"body":"rate of the manufacturing was gonna be and"},{"speaker":"Aryeh Sheinbein","startTime":2170.403,"endTime":2174.813,"body":"we sunk a bunch of money into a product"},{"speaker":"Aryeh Sheinbein","startTime":2170.403,"endTime":2174.813,"body":"that in theory should have sold well."},{"speaker":"Aryeh Sheinbein","startTime":2174.813,"endTime":2179.938,"body":"The data said that it would sell well,"},{"speaker":"Aryeh Sheinbein","startTime":2174.813,"endTime":2179.938,"body":"but the quality control was atrocious."},{"speaker":"Aryeh Sheinbein","startTime":2179.984,"endTime":2184.093,"body":"So now we've sunk the money in, then we"},{"speaker":"Aryeh Sheinbein","startTime":2179.984,"endTime":2184.093,"body":"had to pay to get the thing out  because"},{"speaker":"Aryeh Sheinbein","startTime":2184.093,"endTime":2186.883,"body":"now it's sitting on the docks and they're"},{"speaker":"Aryeh Sheinbein","startTime":2184.093,"endTime":2186.883,"body":"gonna charge you rent or whatever it is."},{"speaker":"Aryeh Sheinbein","startTime":2186.883,"endTime":2188.053,"body":"You can't just dispose of it."},{"speaker":"Aryeh Sheinbein","startTime":2188.503,"endTime":2191.921,"body":"So we had a boated over here, then"},{"speaker":"Aryeh Sheinbein","startTime":2188.503,"endTime":2191.921,"body":"we paid someone to sort through"},{"speaker":"Aryeh Sheinbein","startTime":2192.221,"endTime":2194.192,"body":"what was good and not good."},{"speaker":"Aryeh Sheinbein","startTime":2194.432,"endTime":2198.182,"body":"Then paid to dispose of what wasn't"},{"speaker":"Aryeh Sheinbein","startTime":2194.432,"endTime":2198.182,"body":"good, and then ultimately, instead of"},{"speaker":"Aryeh Sheinbein","startTime":2198.213,"endTime":2202.49,"body":"trying to sell it on Amazon or whatever,"},{"speaker":"Aryeh Sheinbein","startTime":2198.213,"endTime":2202.49,"body":"we literally sold the quality ready"},{"speaker":"Aryeh Sheinbein","startTime":2202.495,"endTime":2206.264,"body":"stuff to another seller just so that"},{"speaker":"Aryeh Sheinbein","startTime":2202.495,"endTime":2206.264,"body":"they could potentially make money."},{"speaker":"Aryeh Sheinbein","startTime":2206.504,"endTime":2208.484,"body":"So we got hit every which way, right?"},{"speaker":"Aryeh Sheinbein","startTime":2208.512,"endTime":2209.352,"body":"I paid for the product."},{"speaker":"Aryeh Sheinbein","startTime":2209.562,"endTime":2210.672,"body":"I paid to get the product out."},{"speaker":"Aryeh Sheinbein","startTime":2210.672,"endTime":2214.025,"body":"I paid to have a product, basically"},{"speaker":"Aryeh Sheinbein","startTime":2210.672,"endTime":2214.025,"body":"combed and half of it destroyed."},{"speaker":"Aryeh Sheinbein","startTime":2214.025,"endTime":2216.711,"body":"And then I took some lesser"},{"speaker":"Aryeh Sheinbein","startTime":2214.025,"endTime":2216.711,"body":"amount for the product."},{"speaker":"Aryeh Sheinbein","startTime":2217.101,"endTime":2221.007,"body":"What I learned from that, that"},{"speaker":"Aryeh Sheinbein","startTime":2217.101,"endTime":2221.007,"body":"mistake was bad and it was compounded"},{"speaker":"Aryeh Sheinbein","startTime":2221.012,"endTime":2222.657,"body":"by go with your gut, right?"},{"speaker":"Aryeh Sheinbein","startTime":2222.657,"endTime":2224.577,"body":"Like my gut said never do this."},{"speaker":"Aryeh Sheinbein","startTime":2224.997,"endTime":2230.322,"body":"And eventually, the money, the idea that"},{"speaker":"Aryeh Sheinbein","startTime":2224.997,"endTime":2230.322,"body":"we're gonna do so well, Convinced me"},{"speaker":"Aryeh Sheinbein","startTime":2230.322,"endTime":2234.912,"body":"otherwise, and it was a big mistake and"},{"speaker":"Aryeh Sheinbein","startTime":2230.322,"endTime":2234.912,"body":"I should have said, I know what I know."},{"speaker":"Aryeh Sheinbein","startTime":2235.122,"endTime":2238.302,"body":"I know what I don't know, and I"},{"speaker":"Aryeh Sheinbein","startTime":2235.122,"endTime":2238.302,"body":"don't need to try and do this thing."},{"speaker":"Aryeh Sheinbein","startTime":2238.452,"endTime":2239.91,"body":"And ultimately, it was a failure."},{"speaker":"Average Joe Finances","startTime":2240.443,"endTime":2240.713,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2240.713,"endTime":2244.031,"body":"Wow, Aryeh so it's like one of those"},{"speaker":"Average Joe Finances","startTime":2240.713,"endTime":2244.031,"body":"situations you got blinded by the"},{"speaker":"Average Joe Finances","startTime":2244.036,"endTime":2246.964,"body":"potential profits of that and you"},{"speaker":"Average Joe Finances","startTime":2244.036,"endTime":2246.964,"body":"were like, Oh this can be a really"},{"speaker":"Average Joe Finances","startTime":2246.964,"endTime":2250.893,"body":"good thing and it made you forget"},{"speaker":"Average Joe Finances","startTime":2246.964,"endTime":2250.893,"body":"about the whole reason why you didn't"},{"speaker":"Average Joe Finances","startTime":2250.893,"endTime":2252.033,"body":"wanna do that in the first place."},{"speaker":"Average Joe Finances","startTime":2252.033,"endTime":2255.809,"body":"So yeah, I definitely appreciate"},{"speaker":"Average Joe Finances","startTime":2252.033,"endTime":2255.809,"body":"the honesty and being so transparent"},{"speaker":"Average Joe Finances","startTime":2255.959,"endTime":2256.963,"body":"with a situation like that."},{"speaker":"Average Joe Finances","startTime":2257.002,"endTime":2257.632,"body":"That was pretty rough."},{"speaker":"Average Joe Finances","startTime":2257.632,"endTime":2260.302,"body":"Again, an expensive"},{"speaker":"Average Joe Finances","startTime":2257.632,"endTime":2260.302,"body":"education that you had."},{"speaker":"Aryeh Sheinbein","startTime":2260.352,"endTime":2260.592,"body":"Exactly."},{"speaker":"Average Joe Finances","startTime":2260.592,"endTime":2262.368,"body":"It's definitely"},{"speaker":"Average Joe Finances","startTime":2260.592,"endTime":2262.368,"body":"something you learn from and realize"},{"speaker":"Average Joe Finances","startTime":2262.368,"endTime":2266.118,"body":"that your initial gut feeling you"},{"speaker":"Average Joe Finances","startTime":2262.368,"endTime":2266.118,"body":"were right and to not do that."},{"speaker":"Average Joe Finances","startTime":2266.118,"endTime":2267.277,"body":"Yeah always trust your gut."},{"speaker":"Average Joe Finances","startTime":2267.282,"endTime":2270.404,"body":"A lot of times, you could have all"},{"speaker":"Average Joe Finances","startTime":2267.282,"endTime":2270.404,"body":"the data in the world pointing the"},{"speaker":"Average Joe Finances","startTime":2270.404,"endTime":2272.744,"body":"right way, saying this is gonna"},{"speaker":"Average Joe Finances","startTime":2270.404,"endTime":2272.744,"body":"be good, this is gonna be good."},{"speaker":"Average Joe Finances","startTime":2273.044,"endTime":2275.354,"body":"But if you get that pit in your"},{"speaker":"Average Joe Finances","startTime":2273.044,"endTime":2275.354,"body":"stomach when you think about"},{"speaker":"Average Joe Finances","startTime":2275.384,"endTime":2279.624,"body":"what you're about to execute, it"},{"speaker":"Average Joe Finances","startTime":2275.384,"endTime":2279.624,"body":"might not be the best move to do."},{"speaker":"Average Joe Finances","startTime":2279.659,"endTime":2283.499,"body":"That means there's some type of"},{"speaker":"Average Joe Finances","startTime":2279.659,"endTime":2283.499,"body":"self doubt on the inside that is"},{"speaker":"Average Joe Finances","startTime":2283.504,"endTime":2285.329,"body":"telling you, Hey, don't do this."},{"speaker":"Average Joe Finances","startTime":2285.689,"endTime":2286.739,"body":"So Oh wow."},{"speaker":"Average Joe Finances","startTime":2286.769,"endTime":2287.129,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2287.489,"endTime":2288.509,"body":"Definitely appreciate that."},{"speaker":"Average Joe Finances","startTime":2288.849,"endTime":2292.291,"body":"So the next question kind"},{"speaker":"Average Joe Finances","startTime":2288.849,"endTime":2292.291,"body":"of ties into that, right?"},{"speaker":"Average Joe Finances","startTime":2292.315,"endTime":2295.91,"body":"And that is what is something that"},{"speaker":"Average Joe Finances","startTime":2292.315,"endTime":2295.91,"body":"you've learned that you wish you"},{"speaker":"Average Joe Finances","startTime":2295.91,"endTime":2297.63,"body":"knew when you first got started?"},{"speaker":"Aryeh Sheinbein","startTime":2297.78,"endTime":2298.11,"body":"Okay."},{"speaker":"Aryeh Sheinbein","startTime":2298.11,"endTime":2301.95,"body":"So a lot of things I wish I knew when"},{"speaker":"Aryeh Sheinbein","startTime":2298.11,"endTime":2301.95,"body":"I first got started, but, I'm gonna"},{"speaker":"Aryeh Sheinbein","startTime":2301.95,"endTime":2307.44,"body":"tie two together and that is time"},{"speaker":"Aryeh Sheinbein","startTime":2301.95,"endTime":2307.44,"body":"flies and you never get time back."},{"speaker":"Aryeh Sheinbein","startTime":2307.514,"endTime":2310.719,"body":"So that's one, like time when"},{"speaker":"Aryeh Sheinbein","startTime":2307.514,"endTime":2310.719,"body":"you lose, when the time goes"},{"speaker":"Aryeh Sheinbein","startTime":2310.719,"endTime":2312.189,"body":"on, you'll never get it back."},{"speaker":"Aryeh Sheinbein","startTime":2312.194,"endTime":2315.103,"body":"And it seems obvious and it seems"},{"speaker":"Aryeh Sheinbein","startTime":2312.194,"endTime":2315.103,"body":"obvious whoa what's so great about that?"},{"speaker":"Aryeh Sheinbein","startTime":2315.583,"endTime":2319.153,"body":"But you always think that you'll get it."},{"speaker":"Aryeh Sheinbein","startTime":2319.363,"endTime":2323.126,"body":"Meaning let's just take a for"},{"speaker":"Aryeh Sheinbein","startTime":2319.363,"endTime":2323.126,"body":"instance, I was at a job, I was"},{"speaker":"Aryeh Sheinbein","startTime":2323.126,"endTime":2326.745,"body":"working at a venture capital firm,"},{"speaker":"Aryeh Sheinbein","startTime":2323.126,"endTime":2326.745,"body":"and for those number of years,  that"},{"speaker":"Aryeh Sheinbein","startTime":2326.745,"endTime":2328.368,"body":"employer did not offer a 401k."},{"speaker":"Aryeh Sheinbein","startTime":2328.668,"endTime":2334.818,"body":"And what I should have been doing was"},{"speaker":"Aryeh Sheinbein","startTime":2328.668,"endTime":2334.818,"body":"using the IRA for those few years,"},{"speaker":"Aryeh Sheinbein","startTime":2334.818,"endTime":2338.958,"body":"it was three or four years, and I"},{"speaker":"Aryeh Sheinbein","startTime":2334.818,"endTime":2338.958,"body":"told myself like, Oh, it's okay."},{"speaker":"Aryeh Sheinbein","startTime":2338.958,"endTime":2340.168,"body":"I'll make back the time."},{"speaker":"Aryeh Sheinbein","startTime":2340.318,"endTime":2343.716,"body":"And the reality is like when you're"},{"speaker":"Aryeh Sheinbein","startTime":2340.318,"endTime":2343.716,"body":"young, those years matter a lot."},{"speaker":"Aryeh Sheinbein","startTime":2343.866,"endTime":2347.796,"body":"And like mentally, I kind of"},{"speaker":"Aryeh Sheinbein","startTime":2343.866,"endTime":2347.796,"body":"knew that, but in practical"},{"speaker":"Aryeh Sheinbein","startTime":2347.856,"endTime":2349.826,"body":"application, you just didn't feel it."},{"speaker":"Aryeh Sheinbein","startTime":2350.036,"endTime":2351.511,"body":"You're like, Oh it'll always work out."},{"speaker":"Aryeh Sheinbein","startTime":2351.841,"endTime":2355.244,"body":"And so I wish I knew that no,"},{"speaker":"Aryeh Sheinbein","startTime":2351.841,"endTime":2355.244,"body":"you won't get that time back."},{"speaker":"Aryeh Sheinbein","startTime":2355.247,"endTime":2357.137,"body":"No, don't make that sacrifice."},{"speaker":"Aryeh Sheinbein","startTime":2357.377,"endTime":2358.577,"body":"Don't do that."},{"speaker":"Aryeh Sheinbein","startTime":2358.637,"endTime":2361.577,"body":"That thing that you think,"},{"speaker":"Aryeh Sheinbein","startTime":2358.637,"endTime":2361.577,"body":"you'll shortcut it later, right?"},{"speaker":"Aryeh Sheinbein","startTime":2361.577,"endTime":2362.777,"body":"Like you'll find a way."},{"speaker":"Aryeh Sheinbein","startTime":2363.167,"endTime":2366.867,"body":"And so therefore just know that"},{"speaker":"Aryeh Sheinbein","startTime":2363.167,"endTime":2366.867,"body":"like when you're in your twenties,"},{"speaker":"Aryeh Sheinbein","startTime":2367.037,"endTime":2371.207,"body":"Do the thing now because you're"},{"speaker":"Aryeh Sheinbein","startTime":2367.037,"endTime":2371.207,"body":"not gonna have time later to do it."},{"speaker":"Aryeh Sheinbein","startTime":2371.308,"endTime":2372.778,"body":"If you don't have time now, guess what?"},{"speaker":"Aryeh Sheinbein","startTime":2372.778,"endTime":2374.098,"body":"You're not gonna get more time later."},{"speaker":"Aryeh Sheinbein","startTime":2374.308,"endTime":2375.598,"body":"Your life's gonna get busier."},{"speaker":"Aryeh Sheinbein","startTime":2375.808,"endTime":2376.738,"body":"Different things are gonna happen."},{"speaker":"Aryeh Sheinbein","startTime":2376.978,"endTime":2378.405,"body":"And so take those chances."},{"speaker":"Aryeh Sheinbein","startTime":2378.405,"endTime":2379.109,"body":"It's hard."},{"speaker":"Aryeh Sheinbein","startTime":2379.289,"endTime":2382.319,"body":"Whether it's investing in"},{"speaker":"Aryeh Sheinbein","startTime":2379.289,"endTime":2382.319,"body":"business career, it's hard."},{"speaker":"Aryeh Sheinbein","startTime":2382.324,"endTime":2385.109,"body":"Like I get it, but that"},{"speaker":"Aryeh Sheinbein","startTime":2382.324,"endTime":2385.109,"body":"time's never gonna come back."},{"speaker":"Average Joe Finances","startTime":2385.276,"endTime":2385.636,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2385.696,"endTime":2386.026,"body":"Wow."},{"speaker":"Average Joe Finances","startTime":2386.026,"endTime":2386.735,"body":"Great point, Aria."},{"speaker":"Average Joe Finances","startTime":2386.735,"endTime":2389.741,"body":"And it's one of the things too"},{"speaker":"Average Joe Finances","startTime":2386.735,"endTime":2389.741,"body":"is like I had mentioned earlier,"},{"speaker":"Average Joe Finances","startTime":2389.741,"endTime":2391.301,"body":"that work life balance, right?"},{"speaker":"Average Joe Finances","startTime":2391.301,"endTime":2392.291,"body":"You need to have that."},{"speaker":"Average Joe Finances","startTime":2392.291,"endTime":2395.137,"body":"Cuz if you just work work, you're"},{"speaker":"Average Joe Finances","startTime":2392.291,"endTime":2395.137,"body":"gonna, you're gonna lose the other"},{"speaker":"Average Joe Finances","startTime":2395.142,"endTime":2398.155,"body":"piece of your life and the enjoyment"},{"speaker":"Average Joe Finances","startTime":2395.142,"endTime":2398.155,"body":"that you get out of life, right?"},{"speaker":"Average Joe Finances","startTime":2398.178,"endTime":2398.948,"body":"So that's huge."},{"speaker":"Average Joe Finances","startTime":2398.948,"endTime":2400.988,"body":"It's one of the reasons why I"},{"speaker":"Average Joe Finances","startTime":2398.948,"endTime":2400.988,"body":"retired from the military at 20"},{"speaker":"Average Joe Finances","startTime":2400.988,"endTime":2402.278,"body":"years instead of staying in longer."},{"speaker":"Average Joe Finances","startTime":2402.278,"endTime":2405.931,"body":"I just, I felt my kids were at a"},{"speaker":"Average Joe Finances","startTime":2402.278,"endTime":2405.931,"body":"age where they were, 13 and 11."},{"speaker":"Average Joe Finances","startTime":2405.931,"endTime":2407.474,"body":"I'm like I need to be home more."},{"speaker":"Average Joe Finances","startTime":2407.474,"endTime":2412.277,"body":"I need to be able to, provide and, but"},{"speaker":"Average Joe Finances","startTime":2407.474,"endTime":2412.277,"body":"still be the attentive, a attentive"},{"speaker":"Average Joe Finances","startTime":2412.277,"endTime":2413.576,"body":"father that I need to be, yeah."},{"speaker":"Average Joe Finances","startTime":2413.606,"endTime":2414.326,"body":"For my children."},{"speaker":"Average Joe Finances","startTime":2414.806,"endTime":2415.511,"body":"So yeah."},{"speaker":"Average Joe Finances","startTime":2415.511,"endTime":2416.025,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":2416.025,"endTime":2419.657,"body":"So definitely That self recognition"},{"speaker":"Average Joe Finances","startTime":2416.025,"endTime":2419.657,"body":"of time is not something"},{"speaker":"Average Joe Finances","startTime":2419.657,"endTime":2420.897,"body":"that you can ever get back."},{"speaker":"Average Joe Finances","startTime":2420.897,"endTime":2423.885,"body":"The, even the time that we've spent"},{"speaker":"Average Joe Finances","startTime":2420.897,"endTime":2423.885,"body":"talking to each other, I'm glad"},{"speaker":"Average Joe Finances","startTime":2423.885,"endTime":2428.259,"body":"this is this, for me at least, it's"},{"speaker":"Average Joe Finances","startTime":2423.885,"endTime":2428.259,"body":"been a very fruitful conversation."},{"speaker":"Average Joe Finances","startTime":2428.529,"endTime":2431.022,"body":"So it's, it's something I"},{"speaker":"Average Joe Finances","startTime":2428.529,"endTime":2431.022,"body":"can't get back, but at the same"},{"speaker":"Average Joe Finances","startTime":2431.022,"endTime":2432.492,"body":"time, it's something of value."},{"speaker":"Average Joe Finances","startTime":2432.822,"endTime":2436.117,"body":"So I value this time that I've had"},{"speaker":"Average Joe Finances","startTime":2432.822,"endTime":2436.117,"body":"with you to talk about this absolutely."},{"speaker":"Average Joe Finances","startTime":2436.117,"endTime":2436.477,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2436.867,"endTime":2440.703,"body":"All right, so I have one more hard"},{"speaker":"Average Joe Finances","startTime":2436.867,"endTime":2440.703,"body":"hitting question, and then we'll get"},{"speaker":"Average Joe Finances","startTime":2440.703,"endTime":2442.263,"body":"into one more opinion based question."},{"speaker":"Average Joe Finances","startTime":2442.263,"endTime":2446.388,"body":"And that is, do you have any tips or"},{"speaker":"Average Joe Finances","startTime":2442.263,"endTime":2446.388,"body":"tricks that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":2446.388,"endTime":2447.948,"body":"that is just getting started today?"},{"speaker":"Average Joe Finances","startTime":2447.953,"endTime":2450.873,"body":"And let's keep this on the"},{"speaker":"Average Joe Finances","startTime":2447.953,"endTime":2450.873,"body":"arbitrage side rather if somebody's"},{"speaker":"Average Joe Finances","startTime":2450.878,"endTime":2451.873,"body":"starting up a side hustle."},{"speaker":"Aryeh Sheinbein","startTime":2452.023,"endTime":2452.293,"body":"Okay."},{"speaker":"Aryeh Sheinbein","startTime":2452.323,"endTime":2454.063,"body":"So I think this cuts across everything."},{"speaker":"Aryeh Sheinbein","startTime":2454.363,"endTime":2458.893,"body":"If this doesn't matter, investing"},{"speaker":"Aryeh Sheinbein","startTime":2454.363,"endTime":2458.893,"body":"side hustle, big business, regular"},{"speaker":"Aryeh Sheinbein","startTime":2458.898,"endTime":2461.413,"body":"business, life, marriage, anything."},{"speaker":"Aryeh Sheinbein","startTime":2461.593,"endTime":2463.303,"body":"And that is stay consistent."},{"speaker":"Aryeh Sheinbein","startTime":2463.603,"endTime":2467.949,"body":"And it's one of these things"},{"speaker":"Aryeh Sheinbein","startTime":2463.603,"endTime":2467.949,"body":"where, again, sounds totally basic."},{"speaker":"Aryeh Sheinbein","startTime":2468.039,"endTime":2470.709,"body":"Of course we gotta be"},{"speaker":"Aryeh Sheinbein","startTime":2468.039,"endTime":2470.709,"body":"consistent, but no, it's not."},{"speaker":"Aryeh Sheinbein","startTime":2470.979,"endTime":2473.469,"body":"If you are doing arbitrage,"},{"speaker":"Aryeh Sheinbein","startTime":2470.979,"endTime":2473.469,"body":"okay, let's use your example."},{"speaker":"Aryeh Sheinbein","startTime":2473.679,"endTime":2477.219,"body":"If you're doing arbitrage, it's"},{"speaker":"Aryeh Sheinbein","startTime":2473.679,"endTime":2477.219,"body":"very easy to say, Hey, I bought on"},{"speaker":"Aryeh Sheinbein","startTime":2477.219,"endTime":2478.929,"body":"Monday, I bought product on Tuesday."},{"speaker":"Aryeh Sheinbein","startTime":2478.929,"endTime":2480.069,"body":"I bought product on Wednesday."},{"speaker":"Aryeh Sheinbein","startTime":2480.099,"endTime":2481.749,"body":"I'm gonna take Thursday and Friday off."},{"speaker":"Aryeh Sheinbein","startTime":2481.963,"endTime":2484.363,"body":"But you're heading into q4, right?"},{"speaker":"Aryeh Sheinbein","startTime":2484.363,"endTime":2485.233,"body":"We're coming outta the summer."},{"speaker":"Aryeh Sheinbein","startTime":2485.653,"endTime":2491.013,"body":"No, you need to be building that inventory"},{"speaker":"Aryeh Sheinbein","startTime":2485.653,"endTime":2491.013,"body":"and you, and the model says Buy inventory"},{"speaker":"Aryeh Sheinbein","startTime":2491.013,"endTime":2495.132,"body":"every day . And if you're like, Hey,"},{"speaker":"Aryeh Sheinbein","startTime":2491.013,"endTime":2495.132,"body":"I wanna grow my podcast, No, you need"},{"speaker":"Aryeh Sheinbein","startTime":2495.132,"endTime":2497.442,"body":"to post on social media every day."},{"speaker":"Aryeh Sheinbein","startTime":2497.622,"endTime":2499.782,"body":"You need to record that episode every day."},{"speaker":"Aryeh Sheinbein","startTime":2499.812,"endTime":2501.672,"body":"Whatever the cadence is, Right?"},{"speaker":"Aryeh Sheinbein","startTime":2501.822,"endTime":2506.376,"body":"So maybe on the arbitrage it's buy"},{"speaker":"Aryeh Sheinbein","startTime":2501.822,"endTime":2506.376,"body":"one day, ship the next day, label the"},{"speaker":"Aryeh Sheinbein","startTime":2506.376,"endTime":2508.476,"body":"next day, whatever it has to be done."},{"speaker":"Aryeh Sheinbein","startTime":2508.836,"endTime":2513.168,"body":"Don't break the consistency because what"},{"speaker":"Aryeh Sheinbein","startTime":2508.836,"endTime":2513.168,"body":"will happen is the income will break."},{"speaker":"Aryeh Sheinbein","startTime":2513.438,"endTime":2514.638,"body":"And same with investing, right?"},{"speaker":"Aryeh Sheinbein","startTime":2514.729,"endTime":2516.791,"body":"Hey, dollar cost averaging, ah, whatever."},{"speaker":"Aryeh Sheinbein","startTime":2516.791,"endTime":2518.021,"body":"I don't, I'm not gonna automate it."},{"speaker":"Aryeh Sheinbein","startTime":2518.021,"endTime":2519.401,"body":"I'll just, I'll remember, right?"},{"speaker":"Aryeh Sheinbein","startTime":2519.431,"endTime":2520.001,"body":"Oh, boom."},{"speaker":"Aryeh Sheinbein","startTime":2520.091,"endTime":2520.901,"body":"I'm not consistent."},{"speaker":"Aryeh Sheinbein","startTime":2520.97,"endTime":2524.19,"body":"If you wanna stay healthy or"},{"speaker":"Aryeh Sheinbein","startTime":2520.97,"endTime":2524.19,"body":"you wanna work, Stay consistent."},{"speaker":"Aryeh Sheinbein","startTime":2524.43,"endTime":2528.45,"body":"All these things, it's just like this"},{"speaker":"Aryeh Sheinbein","startTime":2524.43,"endTime":2528.45,"body":"truism that like we take for granted,"},{"speaker":"Aryeh Sheinbein","startTime":2528.63,"endTime":2532.244,"body":"but if you actually start to monitor"},{"speaker":"Aryeh Sheinbein","startTime":2528.63,"endTime":2532.244,"body":"your consistency in all these things,"},{"speaker":"Aryeh Sheinbein","startTime":2532.244,"endTime":2534.554,"body":"you'll be like, holy hell like it."},{"speaker":"Aryeh Sheinbein","startTime":2534.554,"endTime":2537.365,"body":"It's one of these crazy multipliers"},{"speaker":"Aryeh Sheinbein","startTime":2534.554,"endTime":2537.365,"body":"that you're just like okay."},{"speaker":"Average Joe Finances","startTime":2537.515,"endTime":2537.755,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2537.755,"endTime":2538.26,"body":"No, definitely."},{"speaker":"Average Joe Finances","startTime":2538.309,"endTime":2540.724,"body":"That's just great life advice in general."},{"speaker":"Average Joe Finances","startTime":2540.734,"endTime":2541.754,"body":"Yeah, no, love that."},{"speaker":"Average Joe Finances","startTime":2541.754,"endTime":2546.376,"body":"Now I, I have one more question for you of"},{"speaker":"Average Joe Finances","startTime":2541.754,"endTime":2546.376,"body":"the final round, and I will preface it by"},{"speaker":"Average Joe Finances","startTime":2546.376,"endTime":2550.816,"body":"saying, besides your own, cause we're good"},{"speaker":"Average Joe Finances","startTime":2546.376,"endTime":2550.816,"body":"to that , but besides your own, do you"},{"speaker":"Average Joe Finances","startTime":2550.816,"endTime":2556.366,"body":"have a favorite business investing or real"},{"speaker":"Average Joe Finances","startTime":2550.816,"endTime":2556.366,"body":"estate related book or podcast or both?"},{"speaker":"Average Joe Finances","startTime":2556.366,"endTime":2558.776,"body":"And I already know of two books that"},{"speaker":"Average Joe Finances","startTime":2556.366,"endTime":2558.776,"body":"you mentioned, but is there any others?"},{"speaker":"Aryeh Sheinbein","startTime":2559.24,"endTime":2559.81,"body":"Yeah, sure."},{"speaker":"Aryeh Sheinbein","startTime":2559.81,"endTime":2562.85,"body":"So I read a lot of books so"},{"speaker":"Aryeh Sheinbein","startTime":2559.81,"endTime":2562.85,"body":"I can ramble a ton of books."},{"speaker":"Aryeh Sheinbein","startTime":2562.925,"endTime":2563.995,"body":"But I will say"},{"speaker":"Average Joe Finances","startTime":2564.145,"endTime":2565.886,"body":"just not"},{"speaker":"Average Joe Finances","startTime":2564.145,"endTime":2565.886,"body":"reading them over and over again."},{"speaker":"Aryeh Sheinbein","startTime":2566.246,"endTime":2567.476,"body":"So there"},{"speaker":"Aryeh Sheinbein","startTime":2566.246,"endTime":2567.476,"body":"are certain books though that"},{"speaker":"Aryeh Sheinbein","startTime":2567.476,"endTime":2568.826,"body":"I have read multiple times."},{"speaker":"Aryeh Sheinbein","startTime":2568.826,"endTime":2571.566,"body":"There are certain books and"},{"speaker":"Aryeh Sheinbein","startTime":2568.826,"endTime":2571.566,"body":"they're not investing in books."},{"speaker":"Aryeh Sheinbein","startTime":2571.566,"endTime":2573.684,"body":"So for example, I'll give"},{"speaker":"Aryeh Sheinbein","startTime":2571.566,"endTime":2573.684,"body":"you, I'll give you a book that"},{"speaker":"Aryeh Sheinbein","startTime":2573.804,"endTime":2575.484,"body":"won't cat count for your one."},{"speaker":"Aryeh Sheinbein","startTime":2575.724,"endTime":2577.955,"body":"But Atomic Habits, I've read"},{"speaker":"Aryeh Sheinbein","startTime":2575.724,"endTime":2577.955,"body":"that book more than one time."},{"speaker":"Aryeh Sheinbein","startTime":2577.955,"endTime":2580.655,"body":"And it's because it again,"},{"speaker":"Aryeh Sheinbein","startTime":2577.955,"endTime":2580.655,"body":"goes to the consistency thing."},{"speaker":"Aryeh Sheinbein","startTime":2581.045,"endTime":2586.035,"body":"But, I would say, if we're a basic, if"},{"speaker":"Aryeh Sheinbein","startTime":2581.045,"endTime":2586.035,"body":"we're looking for basic investing books,"},{"speaker":"Aryeh Sheinbein","startTime":2586.185,"endTime":2589.561,"body":"there's a book called The Richest Man in"},{"speaker":"Aryeh Sheinbein","startTime":2586.185,"endTime":2589.561,"body":"Babylon, and it's not about investing."},{"speaker":"Average Joe Finances","startTime":2589.741,"endTime":2592.541,"body":"I love that"},{"speaker":"Average Joe Finances","startTime":2589.741,"endTime":2592.541,"body":"book, but one of my favorites"},{"speaker":"Aryeh Sheinbein","startTime":2592.566,"endTime":2594.726,"body":"it is a favorite"},{"speaker":"Aryeh Sheinbein","startTime":2592.566,"endTime":2594.726,"body":"book because again, it's a"},{"speaker":"Aryeh Sheinbein","startTime":2594.731,"endTime":2596.056,"body":"parable, it's a storyline."},{"speaker":"Aryeh Sheinbein","startTime":2596.296,"endTime":2599.969,"body":"It's easy read But it talks"},{"speaker":"Aryeh Sheinbein","startTime":2596.296,"endTime":2599.969,"body":"about the power of compounding"},{"speaker":"Aryeh Sheinbein","startTime":2600.109,"endTime":2603.297,"body":"it, it frames everything from an"},{"speaker":"Aryeh Sheinbein","startTime":2600.109,"endTime":2603.297,"body":"investing kind of perspective."},{"speaker":"Aryeh Sheinbein","startTime":2603.447,"endTime":2605.215,"body":"So I think that's a very good book."},{"speaker":"Aryeh Sheinbein","startTime":2605.215,"endTime":2607.532,"body":"The other books it's interesting,"},{"speaker":"Aryeh Sheinbein","startTime":2605.215,"endTime":2607.532,"body":"like if you're like, But I"},{"speaker":"Aryeh Sheinbein","startTime":2607.532,"endTime":2609.332,"body":"want something stock related."},{"speaker":"Aryeh Sheinbein","startTime":2609.512,"endTime":2611.372,"body":"I want something like really investing."},{"speaker":"Aryeh Sheinbein","startTime":2611.732,"endTime":2614.625,"body":"I would say the two books I would"},{"speaker":"Aryeh Sheinbein","startTime":2611.732,"endTime":2614.625,"body":"tell people to read are the little"},{"speaker":"Aryeh Sheinbein","startTime":2614.63,"endTime":2618.871,"body":"book that still bigs the market is"},{"speaker":"Aryeh Sheinbein","startTime":2614.63,"endTime":2618.871,"body":"one, it's a quick book also, and then"},{"speaker":"Aryeh Sheinbein","startTime":2618.876,"endTime":2622.033,"body":"I think it's called the little book"},{"speaker":"Aryeh Sheinbein","startTime":2618.876,"endTime":2622.033,"body":"that forgot the other one is written."},{"speaker":"Aryeh Sheinbein","startTime":2622.213,"endTime":2626.183,"body":"It's a, So that one's blue . And"},{"speaker":"Aryeh Sheinbein","startTime":2622.213,"endTime":2626.183,"body":"there's a red one that's the little"},{"speaker":"Aryeh Sheinbein","startTime":2626.183,"endTime":2628.43,"body":"book that, that it's about index funds."},{"speaker":"Aryeh Sheinbein","startTime":2628.49,"endTime":2631.54,"body":"It's written by the founder"},{"speaker":"Aryeh Sheinbein","startTime":2628.49,"endTime":2631.54,"body":"of Vanguard John Bogle."},{"speaker":"Aryeh Sheinbein","startTime":2631.69,"endTime":2634.69,"body":"So I'm blanking on the exact"},{"speaker":"Aryeh Sheinbein","startTime":2631.69,"endTime":2634.69,"body":"title, so I don't wanna mess it up."},{"speaker":"Aryeh Sheinbein","startTime":2634.99,"endTime":2637.99,"body":"Those are good investing"},{"speaker":"Aryeh Sheinbein","startTime":2634.99,"endTime":2637.99,"body":"fundamental basics, like someone"},{"speaker":"Aryeh Sheinbein","startTime":2637.995,"endTime":2639.73,"body":"who knows close to nothing."},{"speaker":"Aryeh Sheinbein","startTime":2639.82,"endTime":2642.47,"body":"These books will explain things in a very."},{"speaker":"Aryeh Sheinbein","startTime":2642.77,"endTime":2647.714,"body":"10 to 20 year old range, very easy,"},{"speaker":"Aryeh Sheinbein","startTime":2642.77,"endTime":2647.714,"body":"concepts and that kind of stuff."},{"speaker":"Aryeh Sheinbein","startTime":2647.796,"endTime":2649.536,"body":"So those are two books there."},{"speaker":"Aryeh Sheinbein","startTime":2649.548,"endTime":2652.207,"body":"The, what do you call it, The Richest"},{"speaker":"Aryeh Sheinbein","startTime":2649.548,"endTime":2652.207,"body":"Man in Babylon, is just like a general"},{"speaker":"Aryeh Sheinbein","startTime":2652.207,"endTime":2656.716,"body":"book that I think for investing in"},{"speaker":"Aryeh Sheinbein","startTime":2652.207,"endTime":2656.716,"body":"just Money is a very good thing."},{"speaker":"Aryeh Sheinbein","startTime":2656.986,"endTime":2660.316,"body":"There's a new book out though,"},{"speaker":"Aryeh Sheinbein","startTime":2656.986,"endTime":2660.316,"body":"that I would tell people to read,"},{"speaker":"Aryeh Sheinbein","startTime":2660.316,"endTime":2661.616,"body":"and that's the psychology of."},{"speaker":"Aryeh Sheinbein","startTime":2662.267,"endTime":2664.962,"body":"and that is a really good book."},{"speaker":"Aryeh Sheinbein","startTime":2664.962,"endTime":2667.232,"body":"I newer it's out in the"},{"speaker":"Aryeh Sheinbein","startTime":2664.962,"endTime":2667.232,"body":"last two or three years."},{"speaker":"Aryeh Sheinbein","startTime":2667.292,"endTime":2667.712,"body":"Excellent."},{"speaker":"Aryeh Sheinbein","startTime":2667.712,"endTime":2668.162,"body":"Excellent book."},{"speaker":"Aryeh Sheinbein","startTime":2668.162,"endTime":2672.182,"body":"I'm blanking on the author's name, but"},{"speaker":"Aryeh Sheinbein","startTime":2668.162,"endTime":2672.182,"body":"again, I've read it and I can highly"},{"speaker":"Aryeh Sheinbein","startTime":2672.182,"endTime":2676.0,"body":"recommend it and it will probably change"},{"speaker":"Aryeh Sheinbein","startTime":2672.182,"endTime":2676.0,"body":"the mindset of a lot of people in just"},{"speaker":"Aryeh Sheinbein","startTime":2676.005,"endTime":2677.82,"body":"how they invest or think about when."},{"speaker":"Average Joe Finances","startTime":2678.403,"endTime":2679.213,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":2679.242,"endTime":2682.482,"body":"So mindset's a huge thing, a key"},{"speaker":"Average Joe Finances","startTime":2679.242,"endTime":2682.482,"body":"thing too, especially when you"},{"speaker":"Average Joe Finances","startTime":2682.482,"endTime":2685.182,"body":"look at some of these books that,"},{"speaker":"Average Joe Finances","startTime":2682.482,"endTime":2685.182,"body":"that help you with that mindset."},{"speaker":"Average Joe Finances","startTime":2685.452,"endTime":2688.669,"body":"Even The Richest Man in Babylon, it's"},{"speaker":"Average Joe Finances","startTime":2685.452,"endTime":2688.669,"body":"one of those things that just it's a"},{"speaker":"Average Joe Finances","startTime":2688.674,"endTime":2693.231,"body":"foundational book that, when you read"},{"speaker":"Average Joe Finances","startTime":2688.674,"endTime":2693.231,"body":"it, it's even if you had no knowledge"},{"speaker":"Average Joe Finances","startTime":2693.231,"endTime":2698.391,"body":"whatsoever of investing or being able to"},{"speaker":"Average Joe Finances","startTime":2693.231,"endTime":2698.391,"body":"save money properly or how to do that, it"},{"speaker":"Average Joe Finances","startTime":2698.391,"endTime":2703.131,"body":"will give you those guiding principles all"},{"speaker":"Average Joe Finances","startTime":2698.391,"endTime":2703.131,"body":"through little short stories and parables."},{"speaker":"Average Joe Finances","startTime":2703.131,"endTime":2705.272,"body":"And it was, it's really written."},{"speaker":"Average Joe Finances","startTime":2705.482,"endTime":2707.149,"body":"It's written really well, I agree."},{"speaker":"Average Joe Finances","startTime":2707.177,"endTime":2707.952,"body":"I absolutely love that."},{"speaker":"Average Joe Finances","startTime":2707.952,"endTime":2711.312,"body":"It is actually my absolute"},{"speaker":"Average Joe Finances","startTime":2707.952,"endTime":2711.312,"body":"favorite personal finance book."},{"speaker":"Average Joe Finances","startTime":2711.386,"endTime":2712.946,"body":"When people ask me, it is my favorite."},{"speaker":"Average Joe Finances","startTime":2712.975,"endTime":2714.918,"body":"And then of course I like"},{"speaker":"Average Joe Finances","startTime":2712.975,"endTime":2714.918,"body":"Rich Dad, Poor Dad as well."},{"speaker":"Average Joe Finances","startTime":2714.918,"endTime":2717.163,"body":"But that one right there"},{"speaker":"Average Joe Finances","startTime":2714.918,"endTime":2717.163,"body":"just takes the cake for me."},{"speaker":"Average Joe Finances","startTime":2717.228,"endTime":2718.688,"body":"Richest Man in Babylon, a hundred percent."},{"speaker":"Average Joe Finances","startTime":2719.108,"endTime":2719.408,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2719.438,"endTime":2719.918,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2719.992,"endTime":2721.462,"body":"Glad to see we have that in common."},{"speaker":"Average Joe Finances","startTime":2721.942,"endTime":2722.542,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2722.568,"endTime":2723.978,"body":"Let's get to the juicy stuff, right?"},{"speaker":"Average Joe Finances","startTime":2723.978,"endTime":2726.678,"body":"Because people listen to this"},{"speaker":"Average Joe Finances","startTime":2723.978,"endTime":2726.678,"body":"show and saying, Man, I really"},{"speaker":"Average Joe Finances","startTime":2726.678,"endTime":2729.523,"body":"like what Aryeh is doing, he's"},{"speaker":"Average Joe Finances","startTime":2726.678,"endTime":2729.523,"body":"got some really great concepts."},{"speaker":"Average Joe Finances","startTime":2729.523,"endTime":2730.843,"body":"He's talking about some really good stuff."},{"speaker":"Average Joe Finances","startTime":2730.843,"endTime":2732.433,"body":"I want to know more about him."},{"speaker":"Average Joe Finances","startTime":2732.501,"endTime":2736.461,"body":"First of all, let me mention that"},{"speaker":"Average Joe Finances","startTime":2732.501,"endTime":2736.461,"body":"he has an Apple Top 100% ranked"},{"speaker":"Average Joe Finances","startTime":2736.461,"endTime":2739.611,"body":"podcast called Inside the Lions Den."},{"speaker":"Average Joe Finances","startTime":2739.694,"endTime":2740.929,"body":"That's the first thing I wanna mention."},{"speaker":"Average Joe Finances","startTime":2741.079,"endTime":2744.919,"body":"So if people wanna find more"},{"speaker":"Average Joe Finances","startTime":2741.079,"endTime":2744.919,"body":"information about you and your podcast."},{"speaker":"Average Joe Finances","startTime":2745.249,"endTime":2748.609,"body":"Do you have a website, social media,"},{"speaker":"Average Joe Finances","startTime":2745.249,"endTime":2748.609,"body":"anything like that where people can"},{"speaker":"Average Joe Finances","startTime":2748.609,"endTime":2750.198,"body":"follow you get more information?"},{"speaker":"Aryeh Sheinbein","startTime":2750.618,"endTime":2753.26,"body":"Yeah the"},{"speaker":"Aryeh Sheinbein","startTime":2750.618,"endTime":2753.26,"body":"website is solutionadvisory.com."},{"speaker":"Aryeh Sheinbein","startTime":2753.28,"endTime":2757.25,"body":"Or if they want like basic"},{"speaker":"Aryeh Sheinbein","startTime":2753.28,"endTime":2757.25,"body":"investing finance kind of stuff."},{"speaker":"Aryeh Sheinbein","startTime":2757.28,"endTime":2761.33,"body":"You can head over to futurefundme.com"},{"speaker":"Aryeh Sheinbein","startTime":2757.28,"endTime":2761.33,"body":"and then social media."},{"speaker":"Aryeh Sheinbein","startTime":2761.36,"endTime":2763.79,"body":"Instagram is the platform I'm"},{"speaker":"Aryeh Sheinbein","startTime":2761.36,"endTime":2763.79,"body":"the most active on currently,"},{"speaker":"Aryeh Sheinbein","startTime":2763.85,"endTime":2765.83,"body":"which is Aryeh the businessman."},{"speaker":"Aryeh Sheinbein","startTime":2766.16,"endTime":2768.86,"body":"And Twitter I've been getting"},{"speaker":"Aryeh Sheinbein","startTime":2766.16,"endTime":2768.86,"body":"more active on, which is just"},{"speaker":"Aryeh Sheinbein","startTime":2768.86,"endTime":2770.11,"body":"my name, Aryeh Sheinbein."},{"speaker":"Average Joe Finances","startTime":2770.28,"endTime":2770.85,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2770.88,"endTime":2771.39,"body":"I love it."},{"speaker":"Average Joe Finances","startTime":2771.61,"endTime":2774.989,"body":"I will make sure I have those links"},{"speaker":"Average Joe Finances","startTime":2771.61,"endTime":2774.989,"body":"in the show notes to make it easy for"},{"speaker":"Average Joe Finances","startTime":2774.994,"endTime":2776.952,"body":"everybody to find that information."},{"speaker":"Average Joe Finances","startTime":2776.952,"endTime":2780.024,"body":"Just don't sit here and try to click"},{"speaker":"Average Joe Finances","startTime":2776.952,"endTime":2780.024,"body":"or copy and paste it if you're driving."},{"speaker":"Average Joe Finances","startTime":2780.029,"endTime":2780.354,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2780.714,"endTime":2782.905,"body":"Now ae this has been an"},{"speaker":"Average Joe Finances","startTime":2780.714,"endTime":2782.905,"body":"awesome conversation."},{"speaker":"Average Joe Finances","startTime":2782.91,"endTime":2784.225,"body":"I genuinely appreciate it."},{"speaker":"Average Joe Finances","startTime":2784.225,"endTime":2786.838,"body":"Thank you so much for taking"},{"speaker":"Average Joe Finances","startTime":2784.225,"endTime":2786.838,"body":"the time today to chat with me."},{"speaker":"Aryeh Sheinbein","startTime":2787.228,"endTime":2787.918,"body":"My pleasure."},{"speaker":"Aryeh Sheinbein","startTime":2787.918,"endTime":2790.318,"body":"I really enjoyed it as well"},{"speaker":"Aryeh Sheinbein","startTime":2787.918,"endTime":2790.318,"body":"and I'm sure we could have just"},{"speaker":"Aryeh Sheinbein","startTime":2790.318,"endTime":2792.088,"body":"continued for another few hours, so"},{"speaker":"Average Joe Finances","startTime":2792.137,"endTime":2793.502,"body":"I think"},{"speaker":"Average Joe Finances","startTime":2792.137,"endTime":2793.502,"body":"we could a hundred percent."},{"speaker":"Average Joe Finances","startTime":2793.502,"endTime":2796.835,"body":"Alright hey thanks for joining me and"},{"speaker":"Average Joe Finances","startTime":2793.502,"endTime":2796.835,"body":"our special guest, Aryeh Sheinbein"},{"speaker":"Average Joe Finances","startTime":2796.855,"endTime":2798.985,"body":"on the Average Joe Finances Podcast."},{"speaker":"Average Joe Finances","startTime":2798.985,"endTime":2802.795,"body":"Don't forget to go leave us a five star"},{"speaker":"Average Joe Finances","startTime":2798.985,"endTime":2802.795,"body":"review and tell us what you liked about"},{"speaker":"Average Joe Finances","startTime":2802.825,"endTime":2805.335,"body":"this particular episode with Aryeh."},{"speaker":"Average Joe Finances","startTime":2805.705,"endTime":2808.195,"body":"Aloha from Hawaii and have"},{"speaker":"Average Joe Finances","startTime":2805.705,"endTime":2808.195,"body":"a great rest of your day."}]}