CV Hustle

Ep#13 -Discover the Secrets to Building Wealth with Kyle Bryan of Desert Advisors

• Robert & Fina Meraz • Season 2 • Episode 13

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Join us for an eye-opening conversation with financial expert Kyle Bryant about the importance of financial literacy and wealth-building strategies. Kyle shares insights on life insurance, investments, and practical tips for modern money management.

• The significance of financial education 
• Kyle’s personal journey into financial advisory 
• Responsibilities and benefits of life insurance 
• Understanding different investment strategies 
• Insights on cryptocurrency investments 
• The enduring value of investing in gold 
• Key takeaways for young investors 
• Importance of keeping an open mind in finance 
• Where to follow Kyle for expert advice 

Call to Action: Follow Kyle Bryant on YouTube and Instagram at Desert Advisors for daily insights on cryptocurrency and financial tips!


Introduction

Speaker 1

What is up everyone? I am Robert Mraz.

Speaker 2

And I'm Dina Mraz.

Speaker 1

And this is CV Hustle, the podcast dedicated to entrepreneurship here in the Coachella Valley. And today, boy, do we have a special guest. We have an OG in the game, one of the guys that truly influenced this podcast thing here in the Valley. He's been doing this a long time. I think he's kind of a visionary, seeing the value of podcasting when guys like myself had no idea what it even was. I didn't even know what a podcast was when this guy started, so he was truly a visionary. He's also a professional financial advisor, so we're very excited to have Mr Kyle Bryant on the show.

Speaker 3

I appreciate you guys. Thank you very much. Thank you for the kind words. Wonderful introduction.

Speaker 1

Yeah, thank you very much. Thank you for the kind words wonderful introduction.

Speaker 3

Yeah, thank you. There's definitely a lot of people who came before me but, yeah, it's very excited to be here. I love the studio, love the the rooms that you guys have, the lighting. It's very well set up, very professional and that's.

Speaker 1

You know, that's what we're trying to do, man. We're trying to give this the community a space to come and record, you know, cv hustle studio. So check out the the videos prior if you want to get some more information on that. But back to you, desert Financial Advisor, your podcast. Tell us a little bit how you got into the game a little bit.

Speaker 2

I've never met Kyle. I want to know how you. Where did you grow up? Because I know you've known this guy for a long time.

Speaker 3

So you went to Indio High School, that kind of thing. Born and raised, Indio Went to graduate Indio High School 2008.

Speaker 2

Okay, and, and yeah.

Speaker 3

I went to college Cal State, fullerton came back and did a few different things different industries, sales management, things of that nature and then I fell in love with money and being able to all right, they didn't teach us enough about it in high school. And then the things that a few professionals shared with myself. I was blown away Interest rates, mortgages, compound interest. I was like I just got out of high school just a few years ago. College macroeconomics, microeconomics they don't talk about it. So I was able to like well, I want to learn more. It's completely different and I just started one thing at a time and that was in uh, 2015 is when I started and I became a licensed investment advisor representative in 2015 very cool and I started with the podcast around 2019, 2020 or so early, early to the game.

Speaker 2

You know what's so crazy is, I am very interested in this too, because I, like you know, we came from nothing. I was always like I can't live like this, right, I don't want to live anything like my parents. And so, do you remember? I got my life insurance Like?

Speaker 1

that's right.

Speaker 2

I studied for that, and because I think like insurance is a hack. Ok, that's just how I feel. Like you lose so much money on insurance, like car insurance, you don't crash, you don't pay, right, I mean, you're constantly paying is what I meant. But life insurance, you know you're going to use it, you're going to die at some point. So I thought that was always kind of a real good thing, and I know you can borrow against it and things like that.

Speaker 3

So yeah, life insurance is definitely a big foundation to what we do when it comes to financial planning. A lot of individuals they would like to sit down with me and say, hey, I have an old 401k or something. Can you explain and help me move it over? You know, open up an IRA, things of that nature, and I'll do that. However, I won't sit down and do your financial plan unless we talk about your life insurance, because that's a huge staple Life insurance. Unfortunately, I don't want to see kids holding up a poster with your face on it and car washes and the little boxes look at what he does in the store. I don't want none of that stuff. So life insurance is vital. It could pay out right away. Compared to a 401K, it takes a while. Life insurance is what we call assignable, so you could pay a funeral home boom, whereas 401K IRAs it takes a while.

Speaker 2

So it's huge. I think our financial advisor, he's smart. He's told us hey, you guys own buildings, or what have you like that? So if I was to die, right, who's going to keep going? So if I was to die, then Bobby would be one rich man, but I'm worth a lot. No, I'm just kidding, but no, I mean, you know what I'm saying like that would pay off the building, that would pay off all kinds of things, and so you know, those are things you don't have to necessarily worry about if you have life insurance absolutely, and that's why I was able to share that message more through a podcast, because it's hard and it's pretty morbid sometimes when you don't want to talk about death and just be like you know this and that and this.

Speaker 3

So being able to use a podcast and a platform allowed me to share different insights and maybe benefits or, unfortunately, things that people thought was a benefit, but it really hurt people and they didn't understand how their policy worked, and so I was able to expose that on a podcast and that was able to attract more families and be able to continue to grow there you go, so out of college.

Speaker 1

Were you just directly into the financial world, or how did that kind of come about? For the people that may be thinking about taking that, taking the same road as you, as a young buck, you know, just out of school, look good with numbers, how does? How did you kind of? How did that path progress for you?

Speaker 3

so, truth be told, with everything, with numbers in school, I pretty much gave up on school when my mom died right before high school. It is what it is. I did enough just to get by.

Speaker 1

But you got good grades. I mean, I knew you in high school and you were a smart kid man. You didn't give it the 110% that you would have normally right.

Speaker 3

No, because, yeah, my motivation, a lot of like. So my mom was the one who promoted and said college and go to school and do all that. And then when she passed away, I was just like you know what? I already know the game. I just need to not get a D and if I get my college acceptance letters and I get enough credits, I could play the system. And unfortunately that's what I did and I didn't use my full potential and the power that I could have had and so I ended up going to college and just playing that game. But while in college I realized that student loans were just terrible.

Speaker 1

I understood. Tell me about it, man. I was paying that thing for like 20 years, oh my God, I know I'm like we're still not done, paying this damn thing. Talk about it, crazy, crazy.

Speaker 2

It's like a house.

Speaker 1

They don't tell you that when you first sign up for those things, you just think you can go down to the. I was going down to the record store and buying music and going to the bar and buying out the bar thinking I was balling. But hey, like, 20 years later, I'm still paying for those drinks man.

Speaker 3

It was like what I was going through that in college and then continued to my. To me, education is something that's very important to everybody. You never stop learning Every day. You should be learning, you should be growing instead of just forgetting information. You should be learning and filling your mind with good stuff. And so I was just learning. And then, lo and behold, I met a few people and they said, hey, you should sit down with this guy. I said what are they going to teach me? I was very naive, very stubborn and hard-headed. I'm like I just finished some college classes on this and money. What are they going to teach me? They blew me away in about 45 minutes of just budgeting. People don't budget.

Speaker 1

I need amount of money that we're spending on, whether it's going to starbucks or all these different. Nowadays you have, uh what peacock hulu, netflix, uh, paramount tv don't forget hbo.

Speaker 3

I don't even know what I'm looking for these days on the streaming services. I can't even keep up. See, a lot of people don't understand. And that's my biggest thing is I was spending money previously, just wasting money. I'm like, well, seven dollars here, eight dollars, $8 here, that adds up that could be a few payments. And so then they opened my eyes to things like that. They were able to save me money on my insurance because they shopped around for my insurance. I only went to my local state farm agent down the street. They actually shopped around for me, saved me money. And then I'm like dang, I'm just being inefficient with my money.

Speaker 3

And then they told me about life insurance, which blew my mind. Mind you, I'm in college. My mom passed away when I was before high school. Nobody ever taught me about life insurance. I'm 20 at this time. I was 24 years old. Nobody ever taught me about life insurance until they taught me. I'm said you're saying, for about a dollar a day, my family could be set up. I could have been set up as a kid. And they said, unfortunately, yeah, we can't change it now, but yeah, you could have your family, your mom, and they could have had a policy well, and one of the things, too with life insurance.

Speaker 2

Like the early you are, the younger you are, the better the rate you get, and so absolutely for all those diabetes and whatever else you got kicks in right so it's it's like do it.

Speaker 3

Yeah, my mom was 39 years old, she was healthy. Stage four breast cancer boom Like nine months. 10 months, radiation, chemotherapy, all that Just yeah, but no life insurance, and it just blew my mind. I'm like it's one of the most selfless things you could do is actually get a life insurance policy for other people, Because I mean to me I'm gonna be chilling, I'll be heaven, I'll be. You know, I got worried about none of this debt what do I care?

Speaker 2

leave that for y'all. I care can't take it with you like this, so that's, that's what.

Welcoming Kyle Bryant

Speaker 3

That's how I first got started in the financial game and I I was still working, I was a manager at a pet store in palm springs and I, let's say, like an apprentice internship for about two years doing finances, just Just learning, just studying, learning reading books, just countless books, so many books.

Speaker 2

So no iguanas, no reptile stuff going on.

Speaker 3

Nah. Nah, I had a couple fish and a little lizard. Hey, those are nice and relaxing.

Speaker 1

Yeah, those are nice and relaxing pets. Well, that's cool. So when you were doing your apprenticeship, when did you kind of think, okay, I can go out on my own and kind of, I don't want to work for somebody else, I kind of want to do it my on my own here?

Speaker 3

and that's a big store to manage, you know you know, yeah, it built up over time.

Speaker 3

Uh, what happened was mostly my families. They're the ones who told me and they're the ones who would say, man, like the way you take care of me, I haven't had anybody else take care of me the way you're taking care of me and I'm like, what do you mean? Like, yeah, you would send me a Christmas letter, a Christmas card, you know, just like a Christmas greeting, hey, season greetings, cool Things like that. You know, following up with your families, people would come and they told me this later down the road, they said you turned away doing an insurance policy for me. And I'm like, what do you mean? He's like, yeah, you, I took my policies to you, you looked them over and you said I was good with most of them.

Speaker 3

I just had to cancel one of them, but I was ready to cancel all of them and go with you and I was ready to write a two thousand dollar check to pay the whole premium for the whole year. Wow, and that would have been nice for me. You know commissions and all he's like. That's when I really respected you and it's those things started building up over time. I'm like, damn, like people really trust me and I'm different, like I'm built different, and so I'm like I could make it and I could succeed here. And just slowly after, I would say, when you could sit down with an individual and you could create your own schedule without anybody creating a schedule for you, that's when you're ready to go on your own.

Speaker 2

Absolutely, and I think too, like when people can trust you and your reputation follows and they know okay, this guy does what he says he's going to do. That kind of thing, I mean, that speaks volumes and it's like that in any business right, that's universal.

Speaker 1

Any business, it's a personal relationship. You have a personal relationship with your clients.

Speaker 2

And that I mean that kind of. So I sell tile for a living, okay so, but people will come in to me and go. You know, what should I do here? Should I put tile and should I do this? And I'm like, listen, I really want to sell you some tile, but, like, what you have is fine, you know, it's fine, come, come to me when you're ready to. You know, do your showers or whatever you know, because it's, it's true, like you, you just, if you're going to do and look out for them.

Speaker 3

They're going to respect that Absolutely. Yeah, they've come back. They bring families back. They've invited me, they do a lot of things for me and I'm just, if it makes me feel very included as a family and that's why I call my family, not clients, and these are my families, take care of them. When, when something drastic in the middle of the night, people call me hey, unfortunately this happened. I just want to make sure my life insurance policy, I'll check it. Boom, I don't have a 1-800 number. It's a personal, personal cell phone number that you can call, reach out and be like hey, I'm here for you so absolutely and my number hasn't changed for over 10 years.

Speaker 3

And, uh, man, keep it that way. And then, with trust, anybody can go to what's called brokercheckcom finra. And since I'm federally regulated with my licenses, you could see I have zero disclosures, which means I haven't done anybody wrong.

Speaker 2

So very proud of that. Pretty transparent. How often do you have to update that?

Speaker 3

so that's all the time, like 30 days, like anything happens, any disclosures, any, if anybody writes a complaint, a notification, and says, hey, I did this wrong, I didn't do this certain trades like like up your license, don't oh, that's annually.

Speaker 1

It's annually yeah oh wow, you have to take a test or is it just yeah, you have to do, uh, continuing education requirement.

Speaker 3

So I'm a licensed mortgage loan originator, so a loan officer. I'm licensed financial investment principal, so that's like people think a financial advisor that's technically a financial advisor would be, you know, fidelity or BlackRock or the company Robinhood. That would be the financial advisor. I have Robinhood yeah, so that's an advisor, but we're BlackRock or the company Robinhood. That would be the financial advisor. I have Robinhood. Yeah, so that's an advisor, but we're the representatives or the principals, and so that's what I am. And then I'm also an insurance agent, so I do all that stuff to help families in that area. Oh my gosh, I got to do licensing renewals every year for each one.

Speaker 1

Jack of all trades man. But I mean your profession is pretty rewarding, right. I mean you get out of bed in the day and I mean it's got to be pretty good to be like okay, I'm going to go help these families like prepare for the future. Absolutely, because I think as humans we don't really think like that, right, like it's hard for us to kind of comprehend five years from now. Right, it's just like our lizard brain doesn't want to think about, you know, what's going to happen like in two days, let alone five years from now. So you're kind of like the shepherd that's leading the sheep around saying, hey, you know, these are important things that are going to come down the pipeline. So I mean that's got to be kind of a cool feeling, right.

Speaker 3

Absolutely, and I think social media helps with promote the fact that people want this lifestyle. They want to live this lifestyle. But then they're starting to realize it takes money and you have to take time to build up and to invest into yourself or whatever to get that lifestyle. Even though you see it on social media like, oh, it's overnight success, well, that's not so attainable. What is attainable is if you put $200 a month in a 401k IRA for, you know, 10-20 years, you could have something very successful. You could buy a house within the next five years if you just put your head down, stop spending money on crazy things and, just you know, do it the right way all right, yeah, I.

Speaker 2

We have young girls. You know they're 27, they're twins and I'm like you guys need to invest now. Like keep just whatever you can throw it in there. You guys have a long life ahead of you. You need to go high risk and just ride it out you know, agree, because she's like oh, I'm doing like moderate risk and I'm like no change it.

Speaker 1

When you're young, you go as risky as possible, right no risk no return, right. No return, no reward, yeah, no reward.

Speaker 3

Yes, yeah. So it's very difficult for me to say certain things on podcasts and radio when it comes to you yeah, he's regulated.

Speaker 1

When it comes to yeah, yeah, he's regulated. He's federally regulated.

Speaker 2

Okay. So I can't tell everybody to be aggressive, but I can tell myself Well then, how can you be an advisor if you can't advise me to do that?

Speaker 3

Great question. But this is why you've never seen a commercial for an investment advisor rep. You've never seen a billboard, that's true. You've never seen any kind of radio commercial, because we're highly regulated in this field, because it could be like, oh, I can't even get a testimony. I can't say, even though I have families who would willingly do it. I can't have them say, hey, kyle's been taking care of me for the last five years, you should go with him. I can't even have that. Really, no, come on. So I use podcast to be creative, to step outside and okay, what can't you say?

Speaker 3

so I, I for me, I learned so, like you know. I guess it's a gift and a curse is I learned how to read puzzles and dissect it pretty fast and put it together, type stuff. It helped me when I was quarterback and that's how we met playing football and just like, all right, well, I could see the pattern. I could see, okay, they're doing cover three, cover. I could see the pattern. I could see, okay, they're doing cover three, cover one, cover two. He's blitzing hot route whatever. Zone A shift audio like gap one. That was easy for me, it just came natural. Plus, I could throw you know whatever.

Speaker 2

You can adjust, yeah.

Speaker 1

Adapt. Yeah, you can't be no dummy and play quarterback.

Speaker 2

Oh God no.

Speaker 1

Especially at the varsity level.

Speaker 3

I couldn yeah, so just being able to put puzzles together has just always been a skill of mine, so that's pretty much what I do for families, and I just get it done.

Speaker 2

All right, I have a question. Yeah, when can we do a hard money loan, do you do?

Speaker 1

those. She's all about the hard money loans man I love risk.

Speaker 2

She loves that 25% interest rate.

Speaker 1

That's what she loves.

Speaker 2

It's not that high I mean it's pretty high, it's pretty high.

Speaker 1

Can you talk about that? It's not a great thing, to take out.

Speaker 3

Okay. So going back to things to get creative is I found ways and loopholes, how to say things without getting in trouble. So a lot of things you could say is you know you have to make sure you meet with a licensed professional, somebody who understands your investment objectives and meets your suitability and risk tolerance there you go and then I say, that being said. I'm very aggressive, very risky. I believe that we should have a recession every about seven to 10 years.

Speaker 2

So it yeah.

Speaker 3

I'm, you know, in my 30s. I don't plan to retire. I mean, retire is a different venture. But a qualified account, a retirement account, is 59 and a half, so 60 years. So I got at least two to three recessions under my belt. All right, cool, I'll go get those. So I'm aggressive as crazy, Like I want to be wildly aggressive.

Speaker 2

So you want the market to crash, so then you buy and then it goes up, right, yes?

Speaker 3

however, when I'm 55, then I want to be more. You know conservative when I'm 55 in that nature. So I use what's called a GPS program. You want to grow it, then you want to protect it, then you want to spend it.

Speaker 2

So I like the spending part. We love the spending part.

Speaker 1

Yes, tell me more about that we love the spending part, it's the making it that sucks.

Speaker 2

We spend in December every year.

Speaker 3

Yes, Unfortunately, people spend their tax returns in December. I see that a lot. That's crazy, bro.

Speaker 1

They spend Before they got it, yep, and they're paying like 15% to get it from the tax cashing spot. That's a straight racket, man.

Speaker 2

We should open that business.

Speaker 3

They charge out their credit cards in November and December knowing that they're going to get back $5,000 to $10,000 in March, April, Wow, oh my God.

Speaker 1

They're paying that 19%.

Speaker 3

Oh my gosh Crazy this is the financial literacy that I come across, and it's unfortunate because I believe if they knew better, they would do better.

Speaker 2

Not everybody. I don't know man, I don't know man.

Speaker 1

There's some dumbasses out there? I don't know.

Speaker 2

I mean, you know what you might have like a positive outlook.

Speaker 1

I mean there's a lot of dumbasses. I mean there's a lot of dumbasses, I mean I can't. Public school is not what it once was.

Speaker 2

We need more of you.

Speaker 1

Public school is not very good anymore. People don't really know how to do math anymore. Dude, they don't even teach kids cursive.

Speaker 2

I'm like my kid's like. I can't read that and I was like listen, I know I write like a doctor, but damn, you can't read that. It says you know, do your homework or whatever. It's crazy. It is unfortunate and that other weird math don't even go.

Speaker 3

Oh, I know my daughter. I was like what is this math? What are you doing with this? Why are you complicating the algebra and the calculus started Right Like why are you complicating life?

Speaker 1

Calculus. It's as hard as it is. Calculus is just Chinese. At this point it's like what am I even looking at here?

Speaker 3

But see nowadays. That's why I actually like podcasts and videos like this is because I was looking up how to do my car the other day, how to replace the AC controller. Simple, it was $34.99. Pull it in, pull it out. Just watch a video on a guy who has a podcast on fixing cars.

Speaker 1

Yeah, yeah, I'm like, or YouTube, youtube. You need to fix anything in the house, house, you go to youtube now, or? Learn how to tie a tie oh yeah, I had to do that because he doesn't wear ties very often right.

Speaker 2

So like you go to a wedding, he's like I had to watch it on youtube a couple times.

Speaker 1

Remember, I gotta pull it here over here.

Speaker 3

You know it's, it's a very helpful tool, man. I use that same thing probably every one, two weeks I.

Speaker 2

I just watched how to prune roses because I'm into roses right now that's your hobby right now.

Speaker 3

I love it that's why I believe um podcasts are very useful, being able to share this information, because I have a lot of information in my head, some of it's, you know, useless. However, somebody can gain value from something, whether it's talking about iras, 401ks, insurance, the tariffs that are going on right now with the economy and the government I already I'm getting letters from my vendors already.

Kyle's Journey into Podcasting

Speaker 1

They are living in crazy times right now, man, you know crazy times all right, here we go well, that's a good segue to your podcast. So, desert advisors, what are we? You know, somebody wants to kind of look you up. What are they going to find on desert? I? I know what they're going to find, but I want to hear from the horse's mouth.

Speaker 3

So right, now I've been doing a every. Every day I'm buying $7 of cryptocurrency, so I'm doing a little follow along if people want to get into crypto, because a lot of people are still new.

Speaker 2

I just bought some on Robinhood, oh there you go, what did you buy? What did we buy?

Speaker 1

Did you buy the Trump coin? No, I don't know, no, I don't know what it was Don't buy that, but I was like you know, let me dilly dally in this. Okay, right, well, you just bought whatever you saw. I mean, how do you make that decision, robin?

Speaker 2

Hood was flashing something and I was like, oh you know, like.

Speaker 3

Oh, you just wasted our money. Opened up a can you want to know.

Speaker 2

It's so stupid. You want to know how stupid I am. Like I'm smart in many ways but I'm really stupid in other ways. So, like robin hood I, I spent all this stuff right on whatever and it grew, grew, grew, grew. But I don't know how to like sell it and get my money back and then buy other shit.

Speaker 3

So it just grows, grows, grows you don't know how to take a profit.

Speaker 2

Yeah, and I'm like oh, get a dividend, cool, you know like dividends are nice oh they are, but they're kind of little. They're not guaranteed, but they're very little they're little right now, but I'll take it yeah it's money.

Speaker 1

I didn't, you know this as long as it's not the mortgage payment that you're putting on.

Speaker 2

No, honey, I wouldn't do that to you.

Speaker 1

Yeah, it's not, it's like you go crazy, that's just play money, that's like you know play money.

Speaker 2

It's not play money. Well, I know but we got to make sure it's not because I don't know how to take any bills or anything like that yeah, that could be pretty volatile, especially right now.

Speaker 3

So I'm showing people how to do crypto right now. That's one thing that I'm showing people is if they go to my account on tiktok, instagram or youtube, they'll see uh, day 33 or 34, seven dollars a day. I'm doing $7 a day because I believe that's attainable. That's 37 times 3, that's 21. $210 a month.

Speaker 2

I figure people can afford that, yeah but how do you know how to like crypto is? Too, big for my brain. I don't know you need to like break it down because I don't get it.

Speaker 1

Okay, well, you bought something, so you probably get it a little bit.

Speaker 2

You're spending money on it. Well, I mean Coming from an expert.

Speaker 1

What is crypto for those that don't know what it is?

Speaker 3

So crypto is a digital asset and it's a way for people to digitally transfer money or value or hold value in assets. So traditionally, right now you don't have to answer out loud. But if I gave you $10,000, how would you hold that for the next five years? What would you do with it? Would you buy a?

Speaker 2

bond. I put it in a bond.

Speaker 3

Okay, so you would buy a piece of paper.

Speaker 2

Yes, something high, oh, I would.

Speaker 3

I'd rather do a hard money loan but, but do a hard money, loan, but, but, but. Basically, you're giving ten thousand dollars to the government and they're giving you a piece of paper that's true right?

Speaker 2

well, they're also giving me interest back of course, but the interest has.

Speaker 3

A piece of pay is basically just a piece of paper.

Speaker 1

Okay, you're not getting anything, no asset like no real, tangible thing, it's.

Speaker 3

It's all backed by the full faith of the united states government which, which is pretty shaky right now, by the way.

Speaker 1

Oh God, here we go.

Speaker 2

I'm just saying bonds are super safe.

Speaker 3

They are the safest investment.

Speaker 2

Thank you.

Speaker 3

Yes, see, I know a little bit there you go, and so that I can say and so you would traditionally put it in a bond and it would pay you a certain interest, guaranteed or not by a certain amount, and pay you back over time and that's a way that you could store this value to keep up. Now, traditional bond right now is going to give you back. What percentage? Maybe you know.

Speaker 2

Six percent.

Speaker 3

Six percent, right now I have another answer to this after you tell me. And so if inflation inflation is currently at 3%, yeah, depending, if you do CPI, PPI, whatever it is, let's say like 3.5, 3.8% depending. So let's say 3.5%, you're making around 2.5% on your money. The difference.

Speaker 2

Yeah, because they have to take a little piece of the pie.

Speaker 3

Right, and so that's. You know it's pretty safe, but you can't really build wealth making 2% on your money every year, type stuff.

Speaker 2

Okay, I have another thing. So if I had $10,000, maybe I'd buy some gold bars.

Speaker 3

Perfect, I love that. Yeah, that's my favorite investment. I've been promoting that for the last couple of years Gold freaking gold like 1860s I'm telling people that that's the one I've. My biggest investment would be gold or xrp, but yes what the hell is xrp it's the ripple network and it's how every bank has been transacted. So on my podcast, uh, years ago, I said if there's one crypto, you should buy it's xrp.

Speaker 2

This is pull it up years ago. It's a type of crypto.

Speaker 3

Yeah, okay if you have a hundred dollar bill. The lady who was on rosie rios who's on your hundred dollar bill.

Speaker 3

She joined the ripple network years ago yeah bank of santander, which is big bank from spain, american express bank of america. They've been using the ripple network for years, years, but they haven't promoted it publicly due to the fact of the sec, securities and exchange commission, uh, their lawsuits and things, and recently a lot in the last year. People have started like, oh, xrp, I'm so glad people start realizing the last year or two, but you should have been paying attention for the last five years because you really would have cashed in but nonetheless, xrp is how, okay, uh, you may remember this, so do. How would people and families send money across there?

Speaker 1

you go money gram or western union, yes, this is, I know, this is the advantage of crypto.

Speaker 3

What you're about this is yeah, this is a crypto major, so let's say, bob and I we go to argentina, and him and I would go and we're hanging out.

Speaker 2

Then we run out of cash you drank too much at the bar.

Speaker 3

There we go, jesus it happens and then we, we hit you up, we say, hey, we need some money, can you send us some money? You might say let's go to a western union and try and transfer that money and do all that stuff. Okay, and you would. You would use traditionally the SWIFT network. It's a 60-year-old banking system Like a wire right?

Speaker 2

Yeah, exactly.

Speaker 3

A wire transfer. You know how banks have to wait three days for things to clear right Before. Back in the day, back up, people used to write a ledger. Before, if you had a piece of gold, you would go to a bank. The bank would say we'll hold your gold for you. Here's a receipt that says you have a thousand dollars worth of gold. People are tired of carrying those receipts those receipts individually.

Speaker 3

Long story short, became paper dollar bills, backed by full faith of the government. Gold. Then we got away from the gold standard won't get into it fast forward. Now people just have dollars and a lot of it's digital. They'll use Zelle, cash App, all this stuff. It's almost instantaneous. We're transitioning to the digital world compared to carrying around pieces of gold and silver. Yeah, and that's where we're pretty much at. So if him and I were stuck in Argentina and we needed money, instead of you going to Western Union, you would log into Robinhood cryptocom, download some Bitcoin or XRP. Cryptocom. Download some Bitcoin or XRP. Xrp is the fastest, easiest way to send value money across international borders and have it cleared right away. So you would, let's say, buy XRP on Cryptocom, send it to my wallet in XRP. I would have all this money and I could download it into Argentina pesos, and now I could buy a ticket in less than five minutes.

Speaker 2

Oh, my God. Okay, so I have a client who's big time into crypto and he pays me with a credit card, with crypto, yeah, and I'm like what?

Speaker 3

So there's crypto on that card as long as that sucker. It's a debit card as long as it goes through, as long as it goes through. Yeah, we'll take it. Have the same thing. Yeah, it's money on that debit card.

Speaker 1

So what you're saying is that crypto is much more easier to transfer internationally. There's no friction in terms of going into the wire system, absolutely Fees to give people your money. Basically, you can send it and people get it right then and there, no friction, no, anything.

Speaker 3

It's a better overall system for that type of 100 and banks want their money verified right away and, like I said, it's called a ledger. So once again, people would write down your information on a document, piece of paper ledger and say, oh, you have this much money, okay, we could lend out this much money, and so that same ledger are now computer ledgers, and so each computer around not computer, but certain computers attached to this network they verify this information and it's very difficult to steal or try and do any kind of fraudulent activity because so many computers are connected. I don't want to get too detailed, but it's amazing amazing, so.

Speaker 2

So I think like when we go, when we've gone to europe or what have you, if I use my american express, my ass gets charged right so that like that kind of wouldn't happen.

Speaker 3

Yeah, if you use yeah exactly if you used xrp or bitcoin. They wouldn't do that. So bitcoin takes a while. I mean, it depends bitcoin lightning, things like that. But yeah, xrp and certain crypto will be much more viable and easier to use. So I don't think people are going to be using bitcoin to buy starbucks.

Speaker 1

I don't think it's gonna be like that no, it's gonna be more of like a asset like gold and silver, right like it's something you want to have in your portfolio, but not overdue yes, volatility, I believe the value of bit.

Speaker 3

So a statistic is the value of bitcoin has never been less after a five-year period. So if you look at any five-year segment of Bitcoin, it's always worth more money after five years, which is an incredible investment Any kind of investment, what?

Speaker 2

Well, so is real estate. Yeah but you can't. Yes, it is, yes, it is.

Speaker 3

It's incredible, but you can find many instances where values are much less after five years I mean, if you're in the long game, real estate exactly, but see bitcoin 25 year. 25 year but bitcoin is still young and bitcoin is still early, as far as it's only 21 million coins ever created, and now retirement accounts are buying and holding it what we would call diamond hands. They're not selling anytime soon.

Speaker 1

So you're not getting that that. That back into the system, then right, so it's going to limit even more.

Speaker 2

This is the supply which inflates the value there you go told you, we should have bought something yeah, his friend told him a long time ago, bobby being the skeptic he is.

Speaker 1

Well I mean in 2015,. Nobody, I was like what do you want me to throw my money at this for? But now, looking back, jeez, I wish I had thrown a lot of money at that.

Speaker 3

I wish I would have bought more Bitcoin and XRP. We'd have a better house, yeah but Bitcoin is how much now?

Speaker 1

It's a lot right, it's not. It's not cheap to buy it's a hundred thousand dollars.

Speaker 2

Yes, it is 20 bucks.

Speaker 3

He's in seven bucks a day bitcoin.

Speaker 1

No, I'm buying just different crypto no, he's just buying all these other types of of crypto bitcoin's at like a hundred thousand dollars right now.

Speaker 2

What I know?

Speaker 1

it's like a brand name almost no, it's a form of digital currency.

Speaker 2

I just explained it's a digital currency. Digital currency. He's like.

Speaker 3

I just explained this, I'm going to slap the shit out of you. It's a digital currency.

Speaker 2

Okay, but they're all digital currencies.

Speaker 3

Yes.

Speaker 2

But Bitcoin's like the name brand.

Speaker 3

Well, it's one of them.

Speaker 1

It's like the first one right.

Speaker 3

It's like the grand prize it's only $100,000.

Speaker 1

Yeah, it's $100,000 right now for one. Yeah, for one yeah 98 000 as of today yeah, it got up to like 110.

Speaker 2

It's come down.

Speaker 1

Oh yeah, absolutely, come on, you dilly dally in it, I just I know my stuff, so being able.

Speaker 3

So so what that's. One thing I loved about with my podcast is I had a lot of families and individuals who said, hey, I want to learn about crypto, but I know with your individual, you guys don't talk about it. That's true, so it's just not a staple, because crypto was still young and it was very it wasn't regulated. Now it's inside your 401k your IRA Shut up.

Speaker 2

Yes, how did I not know that? You didn't talk to me, yet you need to get a better financial advisor.

Speaker 3

That's that you didn't talk to me at all. You need to get a better financial.

Speaker 1

That's. That's why. That's why he's here that's exactly why he's here. That's why he's here, I mean he is. He is kind of the first guy I saw, at least down here, doing crypto, crypto posts and stuff like that kind of promoting product.

Speaker 3

We're not promoting products, just letting people know hey, this is what it is we need to get in on it yeah, we're having a financial revolution and so when you start so I like to follow the money a lot of people could say certain things. People have their opinions and I get it. Everybody has, and you know, the opportunity to voice their opinions and I respect their opinions. I might not agree with it. A lot of people are not the brightest crown in the box. However, I'll just be like that's cool, speak your, speak your piece. But when you follow the money and you start, this is what I love about what elon musk is doing with our government Following the money and the tax dollars where we're spending money.

Speaker 2

All these different ridiculous places.

Speaker 3

And so when you start to see where the money is going and how crypto actually functions and how banks are using it our federal government, we're using it, the Silk Road, how we have a lot of Bitcoin stored, there's no other option other than cryptocurrency moving forward you just touched on a pretty controversial topic there.

Speaker 1

All right, mr Mr Musk, I mean oh, yeah, he's uh, doing some work on the government, isn't he?

Speaker 3

yeah, well, we're all paying taxes.

Speaker 2

I'd rather pay taxes for the right reasons and I would like, I like.

Speaker 3

I think everybody should support auditing where our tax dollars go. Yeah, that's the biggest thing. Like the IRS is not in the constitution and there's a lot of departments that are not in the constitution. It's a bloated government. And so I'd like to see okay, if we're paying for these and we're funding these, where's all this money going?

Speaker 2

And then then all this money going and then then we could all decide like, oh, that's valid and let's scrap that again.

Speaker 3

We're always gonna have people saying yes and saying no, absolutely.

Speaker 1

It just is with anything right, any anything right, yeah, but the thing I, the thing that concerns me and I'll just leave it at this um, the federal government's not silicon valley. You know he's taking the move fast. Break it approach. You know, like approach with certain departments and the federal government. If you break shit, some people might die. Man, this is not a business. I'm not laying people off. There are people that could seriously do a lot of harm. So that's my concern. I'm totally with getting rid of the waste, but, man, if something goes wrong, I can see something really bad happening and then that would be the end of Elon Musk and the government, I think.

Speaker 3

Yeah well, I think the government's been wrong for a while now.

Speaker 1

We've been through whether it's your red or blue, either side, it's a hustle anyway.

Speaker 3

Yeah, that's what I love with my podcast. So with my financial situation persona and the business that I have, it's very difficult to toe the line of being one-sided. You don't want to say one thing because you don't want to offend these families and a lot of families. They have a certain way that they were raised and cultures and you respect it, and you don't want to walk in and they say when in Rome do as Romans do, and so you don't want to walk into a family and you want to help them succeed financially, and even though you both agree that, hey, maybe we should save money and we should put money here, but I say this about this politician you think this and then all of a sudden, we're just not going to do business, well, nobody wins and in the end your kids are losing financially because we're just butting heads politically.

Speaker 1

Yeah, and you don't want to do that.

Speaker 3

And there's a time and a place and so, as a podcaster, it allowed me to make a new channel and be like this is who I'm going to be. Like this cap I'm going to be because when I went to, my major in college was political science.

Speaker 2

That's his.

Speaker 3

So I've always been into Paul I uh, Oscar Ortiz and I, we've studied the budget at my house in 2018 of Indio city council and the police department, and they're freaking hardcore.

Speaker 3

And we would follow the money and we would see where's this money going, how efficiently like. Why is this cop making 150,000, $200,000 a year? What are we doing? Like with certain, and then things would be valid and we understood okay, this makes sense. Um, so yeah, just follow the money. But being able to have a podcast allowed me to let me take care of this family and say what I need to financially, and then I could be political and be on this channel like this, and I never had to like mix the two yeah you know, sometimes I do when people ask me to, but for the most part I don't right like I had.

Speaker 3

I had somebody yesterday say hey, man, we haven't heard from you too much. What's going on? What do you think about all this? We need to hear from you because nobody's giving us the truth, and that made me feel good. I'm like, damn, people really do trust and they want to hear what I have to say about, whether it's the tariffs and all these different things. I'm like, all right, let me break it down financially, let me stay in my lane and focus on that.

Speaker 1

So all right, but in business you always want to kind of stay apolitical right and stay in the middle. You know, I tell people all the time yeah, I don't care who's elected president, I'm gonna make money regardless on both sides. You just got to figure out how to make it right. So I mean this show is apolitical. So everybody watching, I don't need no need, no bots attacking the show. We're a political show, we're not on anybody's side.

Speaker 1

I'm here to inspire, educate and inform, but it's a very important conversation. I mean, we live in some crazy times right now and there's a lot of moving parts that are going on in our country right now. So Kyle is one of the guys. If you want to follow some, get some information on what's going on. He's somebody that you want to kind of reach out to and, you know, even just follow. Give him a follow. He's going to give you some really good information. He studies this stuff. I mean, I look to him for certain things you know on the crypto side. I'm always kind of trying to see what he's he's looking at because you know you might be able to make a fast, a fast buck there if you're quick enough, right yeah, absolutely.

Speaker 3

There's many different ways, um, and there's a lot of information out there and just keep your options open, never be closed-minded. You know your mind is like a parachute if you don't open it, it doesn't work and always take risks, okay, okay, I have a question she's a risk taker okay, I have a question because bobby laughs at me.

Speaker 2

But I don't care, I do my own thing. I love rich dad, poor dad, yeah, and you know what amazing I love him, and you know what he?

Speaker 3

I do my own thing. I love Rich Dad, poor Dad, yeah, robert.

Speaker 2

Kiyosaki. Amazing, I love him. And you know what they taught me was F your 401K. And you know why? Because you're only making like 4%. Blah, blah, blah, like go take that money and go buy real estate, but then you hate real estate.

Speaker 3

No, I do not hate real estate. I'm a lone original. I would love everybody right now If you want to buy real estate.

Speaker 2

If you want to buy a piece of property, let me know.

Speaker 3

If you're looking, if you want to know how to qualify, I got you.

Speaker 2

I love real estate. Guess what I got my real estate license last year.

Speaker 3

Beautiful. Oh my God, that's right.

Speaker 2

Because I told Bobby we're gonna.

Importance of Life Insurance

Speaker 1

He wants to sell everything and I'm like no I want to sell everything at the right time and I'm like we're not selling that you're not, so I want to sell high and buy low that's who doesn't. But like no, you just want to hold on to everything, for I do because I'm smart, so anyway, that's so.

Speaker 2

What do you think about that like 401ks, if you're selling them?

Speaker 3

so I love 401ks because of the tax break of sure the government. So 401k is the tax code that the government inside their their book. You know, like a lot of people know, like 187, when you hear that, what that code means, I don't know. Maybe you know, but yes, so 401k is the tax code for to be able to put money in a qualified account, grow the money over time and not have to pay taxes on that money. So until you withdraw it, however, you could have a roth 401k all the money you put in never pay taxes on yeah, because you already paid taxes when you put it in we have.

Speaker 3

We have both exactly a couple so I love a roth 401k traditionally and then also a 401k traditionally gives you free money. I can't give you free money. I don't know anybody who can legally. But if you have a job and let's say you guys with your business and let's say he's an employee of yours with your tile business, you start a 401k you could match. He puts in three percent, you can match three percent I already do that.

Speaker 2

There you go for my employees, yeah so you're giving them free money.

Speaker 3

They're earning free money in a 401k. It's very like there's many people who I've, but it seemed it all comes back to me is I turn them away because I can't give them free money? They say I want to open a Roth IRA with you. I'm tired of investing $200 a month in my 401k. I appreciate that, but I can't give you that match. They're going to give you a match. Let's talk once you leave that job. They respect it and, like I said, we move forward.

Speaker 2

Okay. So what about? Because our people are saying you got to do a 401k.

Speaker 3

Your CPA.

Speaker 2

Oh, yeah, yeah. Well, you have to do that for you, if you have five employees you have to no you don't you have to do something, or do you have CalPERS? Yes.

Speaker 1

I think no, we have health insurance. We have the health insurance.

Speaker 3

No, you have to do a retire Retirement.

Speaker 1

Oh, I know we have SEPs. Yeah, we have retirement.

Speaker 3

Okay. Sep IRA yeah. Simplified Employee Pension Plan yeah. So what? That is the government? California mandated a retirement plan.

Speaker 2

if you don't do it, then you get penalized I know a lot of people that don't and I'm like my way but I'm like, that's how you keep good employees right, exactly what we're talking about, absolutely I mean, I want to keep my people, I love especially if they're good, and yeah, I mean I keep them we should all be making money. We should all like be set up for our you know, not demise but you know when we retire, right, we? Should, we should be doing that.

Speaker 3

Yes, I think I'll drink to that. What about you? Absolutely yeah. I believe everybody should have a 401k if it's offered to you through work due to the fact that they give you benefits with the free money. Other than that, you should have a private investment, whether it's real estate or an IRA stacks, bars of gold, things of that nature. So what you're saying is diversify, like any good financial. Don't put all your eggs in one basket, not too much.

Speaker 1

Too much in real estate.

Speaker 2

Hard money loans.

Speaker 1

That's the first thing.

Speaker 2

I love it.

Speaker 3

She loves hard money loans. If you know how to work it, flip it, use it.

Speaker 1

Yeah, but then you got to go break people's legs when they don't pay you oh yeah, I'm mean what does? That say, we got to hire some goons to go collect that, the big worm said Come on what.

Speaker 2

Big worm.

Speaker 1

Oh, playing with your money, Is that playing with my money?

Speaker 2

Smokey, that fucking with my emotions. That does get me emotional. There you go. No, it's just I. I think it always goes back to like my childhood, right, like I always grew up in an apartment complex, we never lived in a house, like I had a single mom, that kind of thing, and so I'm trying to always make the best decisions for me myself and my family, right, and I need to teach my children how to do the same thing, because you know mama ain't gonna be here forever, so we gotta we gotta make them it's all about education financially uh independent there that's right.

Speaker 3

that's that's what I believe. Why cell phones are so valuable is because we could, you could be educated, and you could educate yourself in just a matter of seconds, sure, then, listen to a podcast, or put yourself on a podcast and put yourself out there, and then I've had people comment and say, hey, why don't you try this? That's a great idea, thank you. And so just being able to expose yourself and being able to say, hey, even though I don't have it all figured out, I don't have it all together, if I just put it out there, somebody there's 333 million people in the united states, somebody there's a nice person who might say, hey, why don't you try this way? Thank you, now you're doing things better.

Speaker 1

so now the age of connectivity is here, man. I mean you can learn anything on, yeah, on your phone, on youtube.

Speaker 3

I mean it's like could you imagine back in the day you had to write letters?

Speaker 1

Oh man, Imagine Kind of romantic you had to go to the library and look up a book and read the book.

Speaker 2

Who's going to do that? We used to have encyclopedias. They were freaking interesting, you know.

Speaker 1

You used to read the encyclopedia.

Speaker 2

Oh shit, how old am.

Speaker 1

I am I.

Speaker 2

You're giving away your age, right now, I don't care, it is what is it?

Speaker 3

I can't change it hey, hey, britannica I remember william wallace watching the movie uh braveheart. Oh yeah, using my encyclopedia but see nowadays you can just that's. That's why I love the internet. Is you just download anything and just a great source of information the age of digital information. Man I believe I owe it to my society and the community to give back and share my information. Whatever I've learned, I got to share it.

Speaker 2

Okay, I have a question. It's not fair. So where are you learning your information and how do you know it's the right information? And do you go to like classes about this stuff? Because, like I'm a tile nerd, I just came back from Cancun and learned about all kinds of cool shit that's coming to our, to our um, our market. So I mean, like that's what I do, because I service um interior designers, builders, architects, right, so to me I feel like it is my job to give them the know of what's coming down right because they got a million other things going on and I'm very specialized.

Speaker 2

So what do you do to? That's a long question.

Speaker 3

Yeah, no. So I love absolutely. You have to continue to inform and educate yourself. So, for instance, when Gavin Newsom made the requirement that every business in California must have a retirement account if you have more than five employees, I read just hundreds of pages of first the bill, what it meant, and I would read the actual bill oh shit so the legislation I'd fall asleep so, going back to kind of how I?

Speaker 3

um, I guess the gift and the curse is I could just read things very fast and people just be like dude, you finished? Yeah, I finished that. No, you're bullshit. I read it, I could tell you what's in it and I could just like I said it's I don't know. I could just dissect it and it is what it is. And so it's a gift being able to just read and read through pages and pages of whether it's a bill and legislation. That's why I like political. So I could read through this legislation, fine, and I could understand and grasp it and then answer questions about it. And then so that's number one you have to read the legislation.

Speaker 3

What is law? Not what this political pundit says. What is this? What does fox are seeing in? They're gonna fight murdoch. All these people, they're, they're all paid. I don't red versus blue, I don't. No, no, no, gang war to me. I'm an.

Speaker 3

I used to write op-ed. I still do write op-ed, so I'm as good as those columnists that are writing to. So who are they? I want to know what the actual bill says. So I read that stuff first off, then I read what when it comes to the law. So then I say, okay, this is why American Express, bank of America, they're not promoting crypto because it's not law, however, financially.

Speaker 3

Then I start to see where are they making their money? I'd like going back. You follow the money and you start to see, wait, they're making all these payments and they're doing this, and what remissions here and dividends here and what contracts, what are we doing? And you start to see, okay, if the money is here, that's a contract that's legit, handwritten. Okay, so that's another thing.

Speaker 3

So I start to see the contracts thing. So I start to see the contracts. Then I start to see different books on political views of this is maybe, you know, hyperbole or this is maybe conspiracy theory or this could possibly be an idea of what may happen, and I'm like, yeah, that's kind of you know what each person is saying, because you know there's three sides to the story your side, my side and the truth and I put it all together and then I start to make my own ideas of this is what I think is truly happening. And so then I present my ideas on the podcast, but, like I said, I usually use court number one what's going on on legal documents and then I'll follow the money. Those are the two things I use like today all my whole social media following the money of our tax government we're.

Speaker 2

I don't even get into the political side, but where it's all going. I posted that, so why don't?

Speaker 3

you become a lawyer. That's actually one of my, my goals.

Speaker 2

I was gonna say my grandfather because if you can read boring shit like that and then tell layman's like me, that's true, you got my business.

Speaker 1

You know what I'm saying, because that's basically what a lawyer does. That's basically interprets the law. He's a law, interprets it, then advises clients.

Speaker 2

That's basically I can't read or I'll fall asleep. Literally I have to download headway because it just sum it up for my little p brain that's what I do.

Speaker 3

so being able to read, you know, like 401k statements or whatever. And then I say, or like a life insurance policy, whatever, a loan, whatever it is, and being able to read 401k statements or whatever a life insurance policy, a loan, whatever it is, and being able to tell you these are the benefits, these are the responsibilities, issues I don't know, but see to me I wanted something that's duplicatable. I'm not so sure the next guy following me can do all that. I would hope.

Speaker 2

What do you mean? The next guy?

Speaker 3

I want to teach my skills to somebody else. I don't want to be this only person who could, you know, set somebody up financially and help other people. I want to be able to teach other people, I want to pass the baton to somebody else and being able to just clients, you mean somebody else who wants to do what I do yeah, but well, yeah, they'd have to want to read contracts that's, but there are people like that, it's just yeah, yeah, I get it you know, unfortunately, I've come across people and it's like their retention level might not be there, or but they're great at other things that I can't do.

Speaker 3

You know, they're great at talking to people or they're, you know, just very different. So I'm like I like duplicatable, I like a system that anybody, I like a system where a ninth grader could walk in and they could do it, and that's how I try and teach finances is. A ninth grader can understand crypto, they can understand a mortgage statement, they can understand a credit card statement. That's how I like to explain it.

Speaker 2

I can't believe the interest rates on some of these credit cards. You know you go to like HomeGoods. Talk about it. Interest rates on some of these credit cards. You know you go to like HomeGoods, talk about it, that's one of my favorites. And they're like would you like to sign up for your thing? You get 15% off and I'm like hell, no, I'm not paying your interest rate.

Speaker 1

Yeah, because they're usually like 12%. No, it's like 23% 23%.

Speaker 3

That's my ass. Credit cards are in the 20 percentile, oh yeah, it's stupid, so I tell my girls do not get credit cards and credit card debt all-time high. The amount of people that are borrowing money?

Speaker 2

Yeah, hello.

Speaker 1

It's not sustainable. No, it's not. I mean they're there to make money off your bank. Well, no, I'm saying, if credit card debt is at an all-time high that's not sustainable. That just means everybody's broke really Like. Everybody's net worth is actually negative if you're borrowing on credit cards.

Speaker 3

A lot of people that's exactly right, broke ass.

Speaker 1

I mean, that's kind of scary. I mean, cash flow is king.

Speaker 3

It is, and I've seen a lot of and. So this is some things I can't say on podcast, or I can't.

Speaker 2

Can you say it in Spanish?

Speaker 3

Maybe, but even that could'll be held because now our, now our tests and licenses are in spanish also, so I might be morse code gotta learn that one he's like those girls too much anyway, yeah, yeah, but that's a pretty scary stat, that all-time high I mean. Yeah, it's pretty scary the amount of debt even our institutions, regional small banks, the amount of loans that they have, commercial banks the debt is ridiculous and they're refinancing it at these high interest rates that we're talking about.

Speaker 1

Yeah, that's not sustainable either. No, no way. Well, now that you've given us the good news, yes, what is the good news? Yes, what is the good news, though? I mean okay, so you know, as we're starting to get towards the end, what is the good news is, we know kyle yeah, well, what's the what's the good news for the future? You're seeing like buy crypto.

Speaker 3

Okay, buy and hold. Buy bars, physical bars of gold. I believe I'll say this now, but this is what I can say publicly is, when our government gets audited at Fort Knox, or the financial institutions that supposedly hold our gold, I'm not so sure how much they're going to find. Really.

Speaker 1

Yeah, you think that's all fraud, huh, but where?

Speaker 2

would it go? Where would it be? Or they're just like made up freaking bars.

Speaker 1

Who's counting it right? Who's counted it? When did they count it?

Speaker 3

when's the last time it was audited? How do we know what's in there and it's other valuable assets? Where is it exactly? Fort Knox, check it out. Is that really?

Speaker 1

that's really where we hold all the gold.

Speaker 3

I mean it was at one point a certain thing, but then they moved it around.

Speaker 3

You know there's many different locations throughout the country, but it's just when I say Fort Knox people can you know our age? They understand like Fort Knox. That's supposedly where all the gold is right. Remember, was it Die Hard a movie? They're talking about Fort Knox and selling the gold out there. That's a movie we grew up on. But yeah, physical gold and I think gold right now is at an all-time high, is it really? Yeah, I'm telling you I believe a lot of people have understood that I've been saying for the last three years is, especially during code, is you need to buy physical gold? It's the best way to store an asset over time. When everything else crashes, gold does not go down, even if it if you buy.

Speaker 1

You know, let's say, like a thousand dollar necklace, if you sell it a year, two years from now, it's not gonna be worth a thousand dollars well it's it's gonna be pretty close oh, you're talking about gold, gold, oh yeah, if it's gold, if it's real right, if it's going to be gold yes, yeah, because it makes your neck all yellow at the swap meeting might not but.

Speaker 3

But that's the thing is like. I bought this gold necklace for this. You know I'm going to sell it for very close to this or you on what happens to it, but it stores value over time and, like right now, gold is a lot more than it was two years ago. So I would recommend you continue to buy gold. Well, like gold where or if you want to buy stocks of gold, so you could buy gold. I want a gold brick. Jm Bullion, jm Bullion.

Speaker 2

I want a gold brick.

Speaker 1

Yeah, j, I want a gold brick. Yeah, j and Boy, you can buy it really, yeah, just go online, buy me one.

Speaker 2

Yeah, valentine's Day is coming up you want a gold brick put a red bow on it.

Speaker 3

I'll be like woohoo, gold, people watch, I'll send a link and we'll post it right here. Boom, you can put gold, buy it right there. Yeah, I'm actually so. This is one of the things I'm working on my podcast different gold associations to be able to sponsor and say, hey, if you use this promo code, you might get a discount nice, that's what I'm working on get a commission yes

Speaker 1

that's exactly what I'm working on. You don't work for free.

Speaker 2

Is that not my hobby?

Speaker 1

yes, loop us in, man, yeah yeah, the gold bureau there's.

Speaker 3

There's a few that I really like, and so they'll send you little, small, little things of gold. Big things of gold.

Speaker 1

Yes, store gold okay, not a good advice, man, not a good advice, like I said with crypto, real estate.

Speaker 3

I love real estate. However, with the amount of inventory that's coming on right now, I still think I was talking to my buddy today, eric. I still think the values are going to continue to drop. They've been dropping, which is pretty nice, like 15% to 20%.

Speaker 2

Has it been 20%, I don't care In certain areas around the country.

Speaker 3

yeah, yeah.

Speaker 2

I don't care.

Speaker 3

So I mean, this is political but certain states did not shut down during COVID. You could figure out which ones on your own. Certain states were very strict during COVID and so the amount of building that happened over that course of time was more or less. And so certain states states they have a lot of inventory because they kept building. They said covid, we're not going to stop, and they have thousands of houses on the market. Inventory going up, supply up, demand is still kind of low because interest rates are very high. Right, I think the average you need um 109 000 to qualify for the median size home in the United States, but the average median size family makes $63,000. It's a big difference, huge difference in what you're supposed to qualify compared to what you make. And so certain states very much affordable. Certain states are not. However, locally we start to see by Costco, there's those apartments opening Off of Cook. There's those apartments opening, uh, off of cook, there's apartments, and all throughout the valley apartments, yeah, right here in palm desert too, right right off the freeway.

Speaker 3

There's a lot going up, so exactly inventory is going to be high exactly, but who's trying to buy when you're paying six, seven right now, 6.9?

Speaker 2

companies big.

Speaker 1

I think they're the big companies they're trying to like black or the black rocks of the world, and all the but even then, they bought up so much in the last couple of years.

Speaker 3

Going back, they have a lot of loans that they have to refinance, so they're oversaturating and going to start selling Liquidity.

Speaker 1

Liquidity, that's the word of the 2025.

Speaker 3

That's exactly the word of 2025.

Speaker 1

Liquidity. Liquidity, that means cash.

Speaker 2

No shit, I know what it means. So Bobby keeps saying we need to sell our old house, right, and I'm like okay, let's negotiate. The only way I'll sell that house is if I get a fourplex. And then I'm trying to get him to let us move into one of the oh, hell no.

Speaker 1

And then rent out our house and he's like you're full of shit, that's a deal breaker. So I'm like come on, I ain't trying to go to an apartment, it's not an.

Speaker 2

RV.

Speaker 1

No, yeah, we got too many bad kids in the house.

Speaker 2

I don't want to be right next door to them. Even if it was just you and I, you wouldn't do it.

Speaker 3

We're at a night, I mean I wouldn't say at a peak, but we're on the, I would say, the downslope of the peak. So if okay, um, so, like I said, if I have a primary and then have an investment property, I would probably sell it now, um, and then buy when everything continues to drop in value. Like I said, liquidity, liquidity, the invent a lot of these small banks, the pounce, yeah, a lot of these small banks, and and I've got investments for right.

Speaker 3

So being able to right, so being able to pay your bills on time, is a big deal in the banking world and a lot of these banks. They don't want to pay high interest rates. However, they have to refinance these loans, and so they've already worked with the state and government agencies to turn commercial buildings into residential properties, because they're it is so bad already At malls Anything.

Speaker 2

Right, they need to turn this space.

Speaker 3

Because they're at such a loss that it would cripple the financial industry. Oh my God. Now there's a few banks like the top five banks, chase, bank of America they're fine. But a lot of the community banks and regional banks. They're upside down on a lot of these commercial loans Because they got a loan or they were giving out a loan. Let's say I loaned you money. Let's say I learned you a million dollars at one percent interest cool, I'm making one percent off you. But then now interest rates are going up and I have to pay back five percent to whoever I'm at a loss yeah, absolutely and so that's what's going on and they're trying to find ways in order to make more residential so people can.

Speaker 3

The cost of living is already too high, so they want to make, you know, big old buildings that were used for office space, but everybody left the offices during COVID they worked from home and so now those offices were empty. So now people weren't paying the rent on those offices and then they had to keep those loans and now the rent, the loans, went from 2% a year now to 7% interest. The banks are like whoa, they're halfway empty because people working from home this and that. Like, what do we do? Let's just sell it? Well, they can't really sell it. Long story short, nobody's buying millions of dollars.

Speaker 3

I posted on my channel millions of dollars of real estate in san franc, downtown san francisco, pennies on the dollar really compared comparative yes we do love san francisco and and that's just to me like one of the first like shoes to drop is like a big metropolitan, like a big area, like that.

Speaker 3

It's like you can buy this for that yeah, that's gonna throw the whole market into panic, though, right, that would just be like a domino effect after that, right yeah, one of the wealthiest cities, being cheap like yeah, well it's sinking, you know yeah, because you could already see florida, texas, kentucky, a lot of different countries, I mean a lot of different cities and counties around the country that are already dropping in value, and then when you start to see some of these high price areas, then you're going to be like, oh wait, hold on. What's really going on behind the scenes?

Speaker 2

Follow that money.

Speaker 1

Something to look out for out there, man, I think. Uh, so a lot of good information today. I mean you're going to have to watch this one twice to kind of get everything, because there's a lot, a lot of good information here. Kyle, where can people find you if they want to get in contact with you and kind of pick your brain or maybe maybe get you on their team to kind of help them save for their retirement? How do people reach out to you and find you?

Speaker 3

yeah, definitely. You can find me with desert advisors on youtube and instagram and tiktok, so that's where you can follow me. Every day, I'm buying $7 of cryptocurrency and then you could see a lot of people ask me. They'll ask me questions about the tariffs. I'll explain what a tariff is. They'll ask me certain things about retirement accounts, life insurance benefits, and I'll tell them so. Desert Advisors.

Speaker 1

Desert Advisors. People go out there and check them out. This guy's a wealth of knowledge. We're really lucky to have him come in. Thanks for coming in today.

Speaker 3

I love you guys' studio. Thank you I appreciate it.

Speaker 1

We love having you. You're the first real guest in here and hey, man.

Speaker 2

Yeah, season two, you're the one.

Speaker 1

It was a very informational and great conversation, so thanks for.