SPEAKER_01 0:00

Are you ready? I'm always ready. Are you ready?

SPEAKER_00 0:09

Ready? Hey guys, it's Peter and John with uh a new episode of Is It Legit? And today we're going to be talking about money, about cash and inflation versus deflation. Now, for some of you guys, probably don't know what really inflation is. At least for me, I struggled with really understanding the concept of inflation and deflation. All I know is I've been looking at these headlines on the news saying that, oh my gosh, we're printing all this money, and then the value of our money is losing, and that instills fear. I don't know about you guys, but that instills fear in me because anybody who's holding onto any amount of cash, they're like, oh my gosh, the amount the money that I'm holding is literally losing value every day that I hold it, right? So I thought that this was a very pertinent topic. And uh and then we're going to talk about uh where are some suggestions. We're not financial advisors. We we wouldn't claim that we are, uh we are real estate advisors, but we we it would be nice to have a great idea based off all the research, the obsessive research that at least I've done, um, you know, really just to manage my own finances uh about this particular subject to understand where to put your our money. We definitely want to try to distill as much information for people. Everybody's busy and people are trying to figure out, they're trying to get all the information, but um not everybody has the time to do obsessive research um like what we do, but people should do their own research, right? Um so anyway, let's talk about inflation versus deflation. People think that it doesn't matter, but it 100% matters, especially if you're trying to make it in America. So let's talk about it. First of all, what is inflation, right? Let me give you a very brief and simple, simple description. Inflation is basically a measure of the rate of rising prices of goods and services in an economy. Okay. What causes inflation? Now, there are many causes of inflation. I'm going to be talking about some of the main causes, the three to four main causes of inflation. So the first one is the cost push inflation, which basically it's increases due to the increases in prices due to the increases in production costs, such as raw materials and wages. If wages go from uh I don't know what minimum wages used to be, $8 an hour, $7 an hour, to $15 an hour here in Seattle, well, then the price of goods will increase because employees, sorry, employers are going to have to increase their the cost of the uh the service or the good to pay their wages, their employees, right? Uh the second one is the demand pull inflation, which basically uh can be caused by uh strong consumer demand for a product or a service. So let's talk about real estate, for example, right? Everybody knows the real estate prices are ridonulous. Everybody knows that, right? And basically, if there's a strong demand for homes and low supply, if you guys don't understand the concept of supply and demand, pause this video, we'll wait, and really research and understand what supply and demand is. It's a very basic concept. But basically, um high demand for homes equals lower supply, and that equals higher prices. So our dollar doesn't get us as much as it used to. Um plus the prices of ancillary products such as lumber and uh steel and nails and things like that also increases. So that's demand-pull inflation. Thirdly, it's fiscal policy. So our central banks, federal governments, they're they're able to manipulate, they use these different levers to basically manipulate our economy and how it does, right? So um an expansionary fiscal policy uh by their governments, what they can basically do is they can increase and decrease the amount of income that uh businesses and and people have, right, by giving us tax breaks or um by you know printing money into the supply, right, and giving it to us, like the stimulus checks and whatnot, right? They could do these different things, increasing and decreasing the federal rates, right? So how expensive is money to borrow, essentially, right? And they could actually pull these different levers. And so if they end up um putting more money into our pockets by, like, for example, uh decreasing the taxes, then we're as business owners or people, consumers, we're gonna go out and you know, go out to restaurants more, we're gonna put more money into our businesses, which thus expands the economy, right? So um that's the physical fiscal policy inflation. Um and then the other thing, the other lever is actually printing money. So this is the biggest fear. Uh John, tell me, what was the thing that you heard about um printing money in the last few years or whatever?

SPEAKER_01 5:28

Uh yeah, so uh so a fifth of all the money printed uh in the US has been printed in 2020. So that's insane. We're talking trillions of dollars, and uh we'll talk about what that really means. But yeah, it's a lot of money in just one year. That is insane. We are yeah. Yeah, we've been printing money since uh like the 1800s. So it's a lot.

SPEAKER_00 5:52

Yeah, well, yeah, after we got off the the gold standard, we definitely started printing money. So yeah, yeah, we're printing a bunch of money, and that's obviously putting a lot of fear into us because you know the value of our dollar is decreasing. So um so to explain this concept, imagine within our whole economy we have five goods, right, um, or services, let's just say five goods, and then we have in our whole economy five dollars to spend. If we print uh double the money, so now we have from $5 to $10 within our economy, well then the businesses or the companies will end up increasing the prices of the goods, right? Let's just say they double the the the double the prices. So that causes inflation because the prices of goods and services increased, right? And so that's the basic concept of the way we print money and how that uh causes inflation. Now, right now our current inflation rates are 1.7 percent. According to some sources, I don't really know where it's at because I've also read 1.3, I've also read uh 2.2, right? Um but let's just say it's 1.7 percent. Well, the feds want to keep it right around uh 2 percent for inflation rates. That's a healthy inflation rate. Um what's the what's the worry, right? We're actually kind of below um the line that we should be at. Um well we printed a ton of money last year, and why isn't that causing um what we call like higher inflation rates, not hyperinflation, because that would be crazy, but why isn't that causing just a crazy amount of inflation? Uh well, it's actually because the coronavirus, uh what ended up happening is even though we printed a bunch of money to basically fund a bunch of companies from failing and fund the people who are not able to make their payments, people aren't spending that money as much as they used to. So um the only way uh the prices of goods and services um uh increase is by us having the demand, right? If we spend money, then the prices of goods and services will increase. Well, businesses were closed, and people, because they were afraid consumer confidence was low, people weren't spending that money uh and not circulating it into our economy. Thus, um, that's why we're not seeing these higher inflation rates. Now, the fear is as we start to as we start to spend money because people are getting vaccinated, businesses are opening up, and people are feeling a little bit more comfortable about the economy, stock markets are still at its high, well then people will start spending money, thus the inflation rates will start to rise again. Um and then if that rises again, then the fear is then the Feds will start to uh increase the Fed rates to kind of slow down the economy because if we have higher inflation rates, that's not good either. So um anyway, that that all has to do with inflation, and I I hope that makes sense. I definitely want to hear more about what in the world, you know, the whole deflation world is and whether we're going to to see it.

SPEAKER_01 9:14

Uh so I I mean I think the first thing to understand is that uh inflation and deflation is just you know uh is normal, and you're supposed to have a good balance of it for the economy to um to work properly because we've had inflation and deflation over and over again in our in our history, and um but technically what deflation really is is uh it's basically a downward spiral of confidence in the economy and a slowing down of activity, which you just talked about. And I I think a big thing that you really have to look at is is debt. So, you know, we all know that if you're if you have a debt, you have to have a certain amount of income relative to the payments on that debt, you know, to be able to service it or or pay the debt, right? Um if you look at uh you know a common deflationary time would be the Great Depression in the 30s, uh the Great Recession in 2008 to 2012. Um and right now what's happening is there is $281 trillion that was uh accounted for at the end of 2020, so just a few months ago. Um that was three hundred and fifty-five percent of global GDP or how much the world basically makes in terms of profit, um, according to the Institute of International Finance. So that's that's a lot. I mean it's three and a half times the amount of money. If you're making a hundred grand a year, then your debt is three hundred and fifty thousand, right? So we're talking trillions. Trillions, and trillions is a big number. Um so and this is actually forty percent higher than the start of the great financial crisis in 2008. So I mean, you know, that doesn't necessarily mean something's gonna happen, but I think the coronavirus has definitely been a deflationary pressure because things have slowed down. And I don't think you can really uh I I think the big debate isn't whether inflation or deflation is going to happen or happening, but it's really the scale and what will cause that. Because I don't think we saw coronavirus coming before 2000 you know, nineteen. No. Uh there could be other factors. There could be a natural disaster. I mean, I hope not, you know, knock on wood, but we just don't know what could happen. There could be uh uh a sun flare from the sun that knocks out all of our electricity, a meteor, I don't know. Winter storm in Texas, a war. I who knows? It snowed in Vegas and in Texas. So so anyway, so if that does happen, um that is a huge part. But then also what could happen is, and I think this is a more realistic scenario, is our debt just gets to a point where you just can't print money to service the debt. Like if you owe me $100, I can't just borrow you more money so that you can pay me back, right? Right. At a certain point, it's this is not gonna work. So anyway, something happens, causes pressure, deflationary pressure, deflationary pressure, and uh that's basically what happened to Japan in the 1990s, right? So, anyway, it's a downward spiral of consumer confidence. It's people who are not able to spend money, so they don't spend money. And then the people who get paid for the services and for the goods don't get paid, and then they gotta lay off people, and then I mean coronavirus, right? Yeah. So, and I really hope that we come out of it and you know, we we we do well. But if it continues to go down this path or other things happen in the future, um, like the debt being too crazy and not not able to be serviced, or some natural disaster, or something happens, Ebola number two, I have no idea. Uh they're talking about different strains of the coronavirus, you know, right now. Who knows? It will basically cause pr the the prices of of of goods and and real estate assets and things of that nature to go down because people just can't. There's not a demand for it. There's no demand for it. It's basically the the the polar opposite of inflation, right? No. Um and most people don't want to file for bankruptcy or foreclosure, so they'll try to sell things, and then when you try to sell things in a downward spiral, you know, that you've heard the term catching a falling knife. Well, you gotta price it like way below to even have a buyer that thinks, oh, this is a pretty good deal. Yeah. Anyway, and then it kind of stabilizes, and hopefully, at a certain point, uh, well, not hopefully, at a certain point, it'll stabilize, people will start buying again, and we have inflation. Yeah. So that's basically in a nutshell uh what happens with deflation. Yeah.

SPEAKER_00 14:26

So so then the the question, okay, let's just assume inflation, because I I feel like we are um we're more we could have more of an inflationary situation than a deflationary situation just because we are printing quite a lot of uh you know, quite a lot of dollars, and you know, the economy is coming back, so inflation could um, you know, people could start spending more money, demand increases, thus prices of goods increase, and we're printing more money, and you know, et cetera, et cetera. So assuming that situation, I think what people are wondering is what the heck do I do with my money? Right? People have money right now. They they have stimulus checks, some people, you know, people who have saved some money or sold some assets, they they're holding on to quite a lot of liquid cash. And so people are, I guess I I'm in the kind of situation where I'm like, what I what do I do? I can't just hold on to cash because you know we're we're losing money at even 1.7 percent. Or what if it goes to 3%, 4%, right? So uh one of the things I've heard is if you like if you were to hold $100,000 and in 10 years at a 3% inflationary rate, then that same $100,000 will be $74,000. I mean, that's not a good feeling. We're losing money just by that's pretty shocking. So so where is my money safe? What are what are your thoughts?

SPEAKER_01 15:45

Well, I know as a fact, and you know, this is what I've learned over the years, it's not just one thing, it's it's a combination of things, right? So I think one of the first things that you should focus on if we're getting into that is to have emergency savings. Um I really can't stress this enough where this is a game of psychology and the psychology of being able to have something that's liquid, key point being available to to take out of a jar under your bed, under, you know, go to the bank and pull it out of an ATM or high yield savings or whatever, as long as it's available, uh, you know, you should have some money in that. Now the question is, how much do you have?

SPEAKER_00 16:33

Right.

SPEAKER_01 16:33

Right. Um just to be clear, so this is like liquid cash, emergency savings. It has to be something that if you break your leg, if you need to feed yourself a meal, you lose your job, and you gotta pay your you know your mortgage or your rent payments. Yeah. Yeah, you gotta have it available to grab almost instantly.

SPEAKER_00 16:53

So it can't be like stocks, or it can't be like bonds, it can't be like gold, or it has to be like I could take this money out of the bank account today.

SPEAKER_01 17:01

Yes, it has to be available.

SPEAKER_00 17:04

Right away. Okay. Okay. Yeah. And and I I uh to be honest, I challenge anybody to uh to debate us on this uh in terms of like where to put your money, at least these basic kind of principles, right? So um so yeah, so basically $1,000, and that's just kind of a generic number that comes from Dave Ramsey. Dave Ramsey is a huge financial guru that I follow, him and Robbie Kisaki. Um and $1,000 is just like the if you don't have much money, 80% of Americans don't have $1,000, which uh, you know, here in Washington it's probably higher because people make a lot more uh money here, but most people actually don't have $1,000. So the first thing that you should do is $1,000. Um personally, for me, and this is what Dave Ramsey uh endorses, is to have three to six months of emergency funds within your bank account because emergencies will happen in no matter what it will happen. We we we something will happen. If you look at the data, some kind of health thing comes up, your tire pops, something will happen, or you'll lose your job. So you need to make sure you have uh I personally believe in at least six months of emergency funds. And if you don't have that, well have a plan for it. Start, you know, working side jobs, start working, you know, it doesn't matter what it'll take, but you should have at least three to six months of emergency funds.

SPEAKER_01 18:26

So yeah, I I would agree. Um and I think one of the most important habits to get into is when you have a hundred dollars come to your account, whether it be a paycheck or you know, whatever it might be, you need to have a percent of that. You know, so we do this all the time where we have to, as realtors and as business owners, we have to set aside our own taxes to a separate account. Yeah, I know that this hundred dollars isn't really mine, and I thought that was kind of a detriment, it was a bad thing, but it was actually a blessing because it allows me to say, well, what else do I need to fill up the bucket first? And one of those buckets is definitely emergency savings. Yeah. So I mean, how many uh how many accounts do you have? I probably have like 25 accounts. Yeah, that's a lot. Uh so what like so you have emergency savings, taxes, and you have all these Yeah.

SPEAKER_00 19:23

So uh basically I took this concept from Tom Ferry. Uh Tom Ferry is a big real estate guru who helps a lot of real estate agents, but this doesn't just pertain to only real estate agents, it pertains to anybody who who uh wants to grow wealth. All I would say most to if not all wealthy people use this concept, which is if I get a paycheck, I break it down to various different sections. So emergency funds, and again, I I'm not once you have three to six months, I would actually then focus more on investing or paying off debts after that. So you fill this bucket of three to six months. So if you look at like a pipe situation, you know, you see those pipes and you see like like this one will fill first and then this one will fill. Well, the first one to fill is your emergency funds. And then secondly, it's like for us, we have to save for taxes because we're business owners and we have to pay at the end. And then um in you know, investment account, real estate investment account for you, you know, your your child's uh um uh your education fund, right? And then um gosh, uh uh um savings, you know, just to have you know whatever savings that you have and um uh gosh, I can't even remember all of the different uh accounts that I have, but basically you just want to have those different buckets and you have to you have to plan for it. So yeah. So let's just say, okay, $1,000 or three to six months saved into your emergency funds. Secondly, debt.

SPEAKER_01 20:54

Yes. So um the concept is really simple. The concept is where where how can you make the best use of a dollar that you every dollar that you make? And if unfortunately, if you have high uh interest rate credit cards, some of those interest rates are like 20 to 25 percent. Insane. Or even more.

SPEAKER_00 21:16

That should not be allowed in the United States.

SPEAKER_01 21:19

Yes, that's probably another video, but that is where you should pay off that debt first. Emergency savings, and then you have high yield, or I'm not high yield, because that's for you, high interest uh credit cards, if you do have them. And again, to bring another real estate example into this, uh in first-time home buyer classes, one of the main questions we get is where do we put if we have money saved aside, do we put that as a down payment or do we pay off credit cards? The answer is almost always credit cards. If I can pay down $300 worth of payments toward credit cards, I can buy myself. With the same amount of money that I was paying toward credit card interest, $50,000 more of home or house. And that's a huge number because that can literally take you up into the next tier of homes. And it's the same uh you're gonna pay $300 anyway, pay it toward your mortgage, right? Right, right. So that would definitely be the second step of paying down your highest interest rate, credit cards, you know, whatever else you have going on.

unknown 22:28

Yeah.

SPEAKER_00 22:28

Dave Ramsey says to uh he believes in the debt snowball. So start with the lowest, basically your smallest uh balance first, and then kind of build, you know, kind of uh take on the uh bigger balances from there. But I personally just believe get rid of your credit card debts, because that's like the just the worst thing ever. Yeah. And when I say pay off your debts, I'm not talking about all your debts because mortgages are an exemption. Uh I believe in Robbie Kiyosaki in that sense, although Dave Ramsey says to pay everything in cash, Robbie Kiyosaki believes in good, healthy debts, which is um, you know, like mortgage debts, right? So just want to clarify.

SPEAKER_01 23:06

And and and what I did was I realized that I have a really, you know, uh I have a cookie in the uh my hand in the cookie jar mentality. Because every time I look at a credit card, I realize my brain fires differently. Yeah. Because my credit limit is in the tens of thousands of dollars, right? Like I go buy a car with a credit card. Um, and the the the I was so much more relaxed psychologically when looking at my credit card and to spend it, or to, you know, because it's so easy online to just say, okay, autofill on Amazon, you know. Yeah. Uh there's no pain receptors. Exactly. It has to be painful. And I realized I I need to cut up my credit cards. You know, who the heck cares about, you know, yeah, I I had a hundred thousand points on my chase. Yeah. That really translates into maybe six hundred to eight hundred dollars, maybe a thousand dollars of savings on your airline ticket, right? But that habit that got me to spend a hundred thousand dollars on my credit card, that's not worth a thousand bucks. So for me, I cut up my credit cards, I talk my wife into okay, let's leave the credit cards in this drawer in case we need to make a big purchase, might as well get the points. But using my debit card, and I have an email uh with my balance every single morning at like 5 a.m. Oh, really? And I wake up with my balance. And it's painful. It's like, wait, why is that like $2,000 less? Oh, I paid my kids' tuition. Yeah, I guess that's okay. Wow. So the the pain is what made me uh take control of my credit card debt. And uh for me, you know, maybe you're more disciplined, but cut up your credit cards, do what you gotta do, add some pain.

SPEAKER_00 24:55

I use credit cards, I'm not gonna lie. Uh I use uh I have two different credit cards for my personal and business. And uh I think you can have a credit card because you do have to build credit. You can have a credit card, but you have to prove to yourself that you can handle it. If every single month you're you have your budget and you're way over your budget every single time, it's clearly not working. Don't do the same thing over and over and over again, or else you're an insane person. So one of the things that we constantly do is we manipulate our environment uh to manipulate our behavior. So if you can't like you, I I 100% believe in that. I also believe there's a lot of you guys out there who are disciplined enough to have a credit card, but only you can make that determination. You make that determination by auditing your past behavior. For sure. So okay, and then the the really the last things, guys, is for those of you guys who are employees, I would definitely max out your retirement contribution because the government in the government incentivizes you by giving you tax breaks by for for you to save for your retirement. They also incentivize you for owning real estate or um employing people, right? Creating jobs. So I would definitely, I definitely uh put your money into your retirement funds. And then kind of like you were saying with the buckets, like people should be investing um their money. Once you have the three to six months or the $1,000, once you've paid off um most of your debts, and then one, you know, once you've put money into your retirement funds, well, I have a little money of money left. Now the question, the last qu last question is gosh, what the heck do we do with our our cash? Because holding on to cash is not good.

SPEAKER_01 26:40

Uh so deflationary investments um uh include uh uh hot topic. I think the two things that many people are talking about are gold slash precious metals, like silver, copper. Um we're we can also talk about cryptocurrencies like Bitcoin, Ethereum. I mean my uh my stepfather I mean we all know what it's at now. I think it's like at 60,000 last time I checked. Uh my stepfather bought a few in his 70s uh at like an average price of 4,500 bucks per Bitcoin. Insane. And even that isn't even that good. Because when we were getting into cryptocurrencies in 2017, I mean it's disgusting. How much? I mean, what was that, like a hundred bucks? 300 bucks?

SPEAKER_00 27:29

Well, Ethereum, but I I actually bought Bitcoin at uh 1900. Right. But how many did you buy? Um Yeah. I bought more as uh it kept going up, but yeah.

SPEAKER_01 27:40

I mean but it could even go up even further. That's the scary thing. What, 500,000 million dollars, like they say? Oh man, I'm taking I'm buying something with that money. Yeah. But uh I just you know, cryptocurrencies cash is uh is another huge uh deflationary uh protection. Cash is king. They're saying you believe it's gonna defl deflate. I mean it's always good to have cash, aka the emergency savings. Yeah. But uh I think see the thing is deflation can happen in some parts of even the same country while other parts are not.

SPEAKER_00 28:15

Yeah.

SPEAKER_01 28:15

So how do you win on both sides? Well, it's really I mean, the perfect world would be having assets that increase and where it would increase and then buying things where it doesn't, uh where it decreases.

SPEAKER_00 28:27

But yeah, I I mean, assuming that we're gonna have be in kind of inflation, and you believe that there's gonna be inflation, hopefully not hyperinflation, um, you know, statistically, or if you look at the the history, the best assets that performed was real estate or sorry, real assets, so that includes real estate, commodities, platinum, real estate, diamonds, gold. I mean, I'm basically going through the list, right? From best performing to least. So I would say, though, out of everything, like if I had, let's just say I filled my uh uh three to six months, I paid off my debt, I put money into retirement funds, and I have some money left over. My gosh, I don't think after everything that I've researched, and I've researched a lot, like obsessively about this topic for the last three years, one of the main um I'd say one of the main categories that that kept popping up was real estate. Now I'm pretty diversified. I've I virtually have I have most asset uh classes, um, you know, to bonds, to gold, to cryptocurrencies, um, even some uh commodities. I'm actually looking to emerging markets. Those I I heard are one of the best protectionary assets to have during a correction and or market depression, whatever you call it. But real estate keeps coming up because it's a real asset. So the government, first of all, the government gives you incentives for you to hold real estate, whether you own it as a primary residence or whether you rent it out. It's like a rental property. Because if it's a rental property, then you get depreciation. If it's a primary residence, if you are itemizing your taxes, then they give you incentives by writing, you know, you can write off property taxes, you can write off uh the interest rates as well, right? Um and then also if we have hyperinflation, right? If if, or let's just say higher inflation rates, well, the value, the the prices of your goods, the assets like real estate will rise significantly. If you have hyperinflation, then you know, a house right now that's worth a million dollars is going to be worth $10 million, some sort of crazy number. So so I think there's uh and then if and then also real estate as an asset, as an investment property. Well, that piece of real estate, gold, it just sits there. It doesn't do anything. Warren Buffett hates gold, right? But in but with real estate, that asset is making you more money. Rent rent rates won't ever go to you know like a hundred bucks, right? It'll just, it'll probably stay the same or uh grow. So your money is making you money and it's just constantly going. If you could leverage your money and get a lot more house, well, that's just gonna you know, thus increase your profits. So I just, it's so hard to deny that real estate is one of the best asset classes. We've done a thing on where housing prices will go. I do believe in other downside is that if you're living in other states, well, prices will, if you look at the the Black Knight charts, it seems like prices will decrease because delinquency rates, right? So the prices of your asset may decrease because of that. Um, but if you were to look at really what protects your money the best, it's really real estate. And I I hate saying that because we are, you know, we're in the real estate industry, but do your own research. We feel that real estate is one of the best hedges against uh against inflation.

SPEAKER_01 32:09

So yeah, and I think just to uh uh just finish my thoughts on on that is if we just get a lot of people who are uh the barrier to entry is is a hot topic just because things are so expensive. Um I mean there's a lot of ways to mitigate that. I think you can think about house hacking, you can you know buy a duplex for three to five percent down and you know pay off um you know your mortgage with somebody else's money. Uh don't buy in Seattle, right? Uh because it's crazy. You can't evict anybody. But you can have roommates. You know, I know a guy just bought a four-bedroom house, we're closing on it in the next couple of months. It's a new construction, it's a long closing. And uh he's gonna rent out each room for a thousand bucks. And his mortgage is it's gonna be like negative. We know another guy who just renovated the downstairs of his um, you know, super savvy investor, renovated the downstairs of his house and is gonna get a traveling nurse to pay like $2,400 a month. I mean, that's phenomenal, right? And he's gonna stay there, what, like would you say almost close to basically payment free? Yeah, because he has another renter paying living in another unit. And and when I when I hear these stories, it's very encouraging because I think you get beat up in the market a lot. I mean, we make so many offers, we're writing contracts, you know, daily, weekly. But you know, you you talk about house hacking, you talk about uh creative financing, you could even buy out of state. I mean, you don't have to just buy in Seattle. If you have $10,000, you can uh you can go buy somewhere else. Yeah, and like Georgia, you can buy a $50,000 house, like Savannah, somewhere like that.

SPEAKER_00 33:48

There's so many places 10% or 20% down.

SPEAKER_01 33:51

So I mean, real estate, um, you know, we're investors as well as realtors, and and the reason why you know I personally continue to invest in real estate is because it's it's something that gives you a hedge, something that gives you a roof over your head. Yeah. And ultimately you're gonna pay to live somewhere anyway. So it's hard to get around that that fact. Yep. Yep. But do your own research. Uh it's really a rat it's like a rabbit hole because it is an infinite amount of information you can read out on this topic. Um, but there are definitely certain very, very clear answers and distinctions that come forth to you as you're going deeper into the topic. Yeah. And one of them is definitely real estate.

SPEAKER_00 34:33

So For sure. For sure. Well, thank you guys for joining us on uh our Is It Legit podcast. And uh we'll definitely have more information about more topics in regards to business and health. And we're happy to share with you guys. And if you guys have any questions, please like, uh, subscribe, uh, comment on our video, and we'll we're happy to uh discuss any of the topics that you guys bring as well. So thank you guys, and we'll see you on the next video.