The STOCK MARKET CASH MACHINE

Many ways you can sell on own a stock, or you can say, I want to own a business. And you can do both.

If you were to go back and listen to interviews from Warren buffet and every year where he does two things, he does an annual letter to all the shareholders, and then he does his annual Berkshire event.

Which was done virtually this year. And when his annual letter came out, he always gives an interview to CNBC. You know, it’s about an hour or two, it’s an exclusive, it’s a big deal. And it’s interesting because this last interview he gave was right around the time Corona virus got scary and the market started tank.

They didn’t get the idea of looking at this as a little box that spits out money. They’re concerned about the price of the box.

Dow Jones is down 900 points. What should investors do?

Let’s draw some cash coming out. So here’s a nice, big crisp $1 bill coming out, right? $1 bill. And if you’re in the inner business, you’re really concerned about those dollars that are coming out. Does that make sense? You’re saying, and this Jack in the box could be an airline.

And if someone buys airline ticket book, money comes up. Or it could be a soft drink company. And if someone buys a beverage, what money comes out. So thinking of yourself as a business owner or the business that you work at when people buy the products that you sell, money comes out real estate is really a business.

Uh, you buy a house, someone pays you rent book, it just popped out money. Does that mean? Yeah, cashflow is, and like Robert says, cashflow is the blood of a business. It is, it is. It comes out well. You know, Berkshire Hathaway, Warren Buffett’s company owns a lot of businesses there’s you could base it. We put these in two categories.

There’s the business that he owns a hundred percent of the business. And then there’s businesses where he owns a significant amount of the business example. You might’ve heard of a company called fruit of the loom underwear when you’re a kid and your mommy put you in those little tidy whities, right through the loom.

I’ve heard of a company called dairy queen or Geico insurance. Well, he owns those companies and he watches when Geico sells insurance money comes out when, uh, someone buys a Coke. It has a smile. If your money comes out, is they fly the friendly skies that Delta money comes out. And so that’s great. Well, in the stock market, you can buy a piece of this.

You can have a share. So what is a stock? The stock is ownership. That’s all it is. So if a person wants to understand stocks at the very basic level, and we start with what is a stock, it’s a piece of this company. So in other words, this now has a little price tag on it, right? And, and really the point that you made is if I pay a certain price, whatever it is, And I’m happy with the money that’s coming out of that machine.

Would I care if the price changes or not? From that point you follow up, right? Because you’re, you’re focused, not on the price. You’re focused on the money, right? That’s right. So let’s just label this one. Coca Cola, K O right. That’s the stock symbol. And what happens is, is you have, instead of one investor that owns this.

You have lots of investors. So here’s Warren buffet. He owns a lot of it. We could draw a bunch of stick figures here to represent the people that own this. And when this money comes out, they divide it amongst the shareholders, depending on how many shares you have. And so that’s where the word dividend comes from is they find the money.

They divide the money that’s made amongst the shareholders. And so in this instance, right now, Coke pays about a dollar 60 for every share that you own. So when the money comes out and they look at how they did over that period of time, they say, Oh, we did really well. Uh, here’s a dollar 60, uh, that we’re going to pay out to all these guys and for every share that gift.

They have this now here’s what’s interesting. Greg is Warren buffet. Doesn’t look okay. This like a stock trader does what a stock trader does if we just did the same diagram, what the stock trader does is they almost never even look. At the money it comes up and there are companies that don’t even pay it.

Dividend they’re called growth companies, and they have something called retaining earnings where they say, Hey, all the money we’re earning, we’re going to retain, we’re going to put it in research and develop and try to cure coronavirus with a vaccine, or we’re going to put it in technology or, you know, Tesla we’re going to grow.

Right. So we’re not going to pay you guys any money we’re just want to grow and what these guys are concerned about. Is they buy the stock, this fries, and they hope in the future, they can sell that company and they hope that it doesn’t go down, down in price. Right. They’re hoping to get more money. And so these type of people are in the stock business.

In other words, they’re in the business of trying to buy low and sell. Hi. They’re never, they’re never really concerned about. If the company does well and what it does cause they’re trying to make money on the buying and selling. So if you’re a house flipper, this is what you do. You try to the house at a low price and sell the house at a high price.

You’re not interested in renting it. You’re not interested in gaining that cashflow from rent. You’re trying to buy low and sell high. So we call these people’s stock traders, flippers. Yeah, stock flippers, like flipping a home. And we call these people investors, or, and these are the people that have the dividend machine that’s right.

And so what’s interesting is, is Warren Buffett bought Coke? Uh, his first shares adjusted for splits back in 1985. And you have something called a cost basis. His. It’s $3 and 25 cents. So if you have a box that you paid $3, 25 cents for, and it gives you a dollar 60, that’s about a 50% return on your money, right?

Yeah. Yeah. And here’s, what’s really cool. Greg is, do you think the value of a dollar is going to go up or down in the future? I’m expecting it to go down to inflation, right? I mean, you and I are old enough. We remember when gas you could, you could, you know, back in high school, I put five bucks a gas in my car and you know, I didn’t feel the whole thing.

I just talked it off, but Hey, it went along way. Right? And now you might get two gallons is all for that five bucks. So here’s, what’s cool. You’re going to pay that $3 and 25 cents one time. You follow up one time and if you believe the dollars can lose value, you think that is going to get higher or lower in the future as, as the dollar loses value, it’s going to get higher.

Isn’t it great. Right, right. Just out of, because the dividend gets inflated. Yes, exactly. Just like rent will get higher. I mean, do you believe that rent will be higher 20 years from now? I do. You think price of Coke will be higher 20 years from now or not? The stock, the actual drink, the vending machine prices will get higher dividends should grow if you believe in inflation, which we do.

And so Warren’s Buffett’s Beth is not that the price of Coca Cola stock will go up. His bed is on inflation and his office so better. Is that even though we have a Corona virus probably still drink Coca Cola, we probably still drank it. We had stopped caffeine. We’re all addicted. So there you go. It’s really pretty basic way to look at it is.

Look, if you want to go into business and it really makes sense, asset column simple, because what is real estate? Well, you’re in the real estate business, right? You know, what is oil? Well, you get in the oil business. Well, what does stock well, stock ownership, yup. Is basically owning a share of a company.

And Warren Buffett has many companies. He owns the whole thing and he has many companies that you Mark shares. And then what’s what a lot of people don’t realize this yet. He has a few insider deals, but companies like Coke and Apple, you just pays the price. Everyone else pays just retail investor pays retail, but he’s smart in how he buys them.

Right. He doesn’t, he buys really solid brands. It’s like Leila Coca-Cola Apple. Those are really solid brands that he feels confident. That are going to be around for a few years, regardless of the ups and downs. Yeah. Yeah. What I really like about that is for myself, like, so I’m a father, I have six kids, right.

I have a full time job on the side. I’m trying to do my own little side business and the idea of the trader version that you showed, where you’re buying low and selling high. And you’re constantly having to search and look for those deals. Right. Yeah. A lot of work. Well, I like doing it. I mean, I side as well, both, you know, if you look at a guy like Jim Simons, he actually out Warren buffet over the last few decades is a trailer way out performs.

Both are acceptable, both can be learned, but when you talk about a money machine, right. A lot of people try and buy the machine low and sell the machine high rather than actually turning the crank and letting the machine make your money. And you and I are both fathers, right? We, we care about legacy. So think about how cool this is.

If I buy, if I bought this back in 1985 at three bucks, and let’s say, I, you know, I’m 50 now, so maybe I get another 20 years out of this body and it conks out, you know, and then my kids get this. They get the box and now they get this dividend and here’s my name machine I gave them, right. That they didn’t have to pay for.

And that dividend, if the company’s good, we’ll continue to get bigger and bigger and bigger and bigger as inflation happens. So if they get in so they can enjoy all this castle, then what happens when they die? Then my grandkids get in the same man, you know, old grandpa and the I’m sure, glad he bought.

No Exxon Mobil during the Corona virus or whatever, you know, the company was during coronavirus time because now we have this asset, that’s had the benefit of really generations of inflation. And we have a piece of the company, so we can be like Milton Hershey. Right. We can be like these guys that, you know, the Henry Ford’s, we’re close to them because we’ve held these soft rock stock companies through the ups and downs.

Okay. Here’s the thing, Mark. My, my greed is flaring. Right. And so, so I’m like, all I gotta do, this is so easy. I just got to go find pretty reputable companies that have dividends and I’m done. I would add easy. So before, before my greed takes over and I just lose everything, this, even this strategy takes a degree of.

Education. Well, let’s do this. Let me help your greed glands a little bit. Right. So fear can, uh, can offset the greed a little bit. You ever heard of the company called Enron before I have? Yeah. Well, I would have been pretty simple to buy. You ever heard of company called WorldCom and you know, there’s these, there’s this thing called obsolescence risk.

Okay. And you know, people sell eight track tapes are in the antique business now. Right. And so the trick really is, is, is this, um, number one, it takes a little bit education and we call this fundamental. So if you’ve played the cashflow game, the way that, what we, what we would do is we would look at this jacket in the box and we’d say, well, how healthy is it?

Right? What does its financial statement look like? Right. Does it earn money? Does it cashflow has a been growing over time? Does it have obsolescence risk? What could happen in there is no risk free investing, you know, maybe in another, uh, another show, we might talk about how to buy insurance on this in case it goes bad, right?

Cause it could go bad, but understanding that cash flow game, that basic financial statement will we’ll have lots of episodes where we can talk and teach about this. But there’s two things. There’s the education and your temperament, because what happens here is, you know, what, if this went down from $3 to $2, right?

Well, a lot of people would freak out and say, Oh my gosh, I just lost almost, you know, 40, 40, 35, 40% of my, but look, it’s this that we worry about, right? You’ve paid this one time and you’re hoping to get this over and over and over you pay the price once. And then, uh, you looked good and now if you’re in a growth stock and it doesn’t pay a dividend, now you’re in that world are shift.

Now you’re now we’ve moved from saying, I want us to watch the crank turn. Now you’ve moved out of that world. You’re saying, look, I want to buy low and sell high. And the sad thing is, is that’s where I think most people look at their 401ks. As they say is the total amount growing. So when I sell off my machines, I can sell my machines off faster than when I died.

Does that make sense? So instead of saying, look, I’d rather off the cashflow and let generational. Bill beat dynastic. That’s kind of a cool word. I just heard that on TV. I had to look it up like dynasty, right? So, uh, let me get like use dynastic, you know, dynastic, but it really is about, you know, for me right now, I very much like the idea of building things for my kids.

If I were to bring up Warren Buffett’s financial statement.

Is what’s Warren Buffett’s cashflow from all this stuff. That would be the goody bag right there. So we do got to move on. Yeah. You think about it, like, look, think about it. A real estate investor, right. A real estate investor is, is more likely going to care about rent rather than the price of the home.

Absolutely. Cash flow cash flow is more important than the flip.

Is there insurance against that? You know, this is an awesome question, you know, in real estate, I’m in some syndications right now where it’s the same, there’s all these investors like with Kenny, right? With all these investors invest in one project. So when people quit praying rant, what do they do? They stopped what they call it distribution.

It’s the same as the dividend, like distribute, divide, it’s the same or distribute them wealth or the anchor so they can stop those dividends. One of the interesting things is that, you know, like ExxonMobil, they’ve had a track record of growing their dividend every year for 37 years in a row.

That’s awesome. Well, cool. All right, now let’s try to stop you now that I just did a plug. Let’s see if I can make you look dumb. Alright. How do you feel about it? You stumped me. That’s not an exclusive club. I doubt that very much, but so, uh, I’ve been telling him, uh, a lot of people that are talking to you today in that we were doing this podcast.

And so my cousin actually called me up today. Super crazy excited. Right. They told me about, he’s like, here’s the stock and I want to buy it. It’s called Cudo.

Approved of to speed up Corona virus testing. Now they can do this test, uh, in like a couple of hours instead of four days to get. Yeah. And, uh, and they, the FDA has already approved. It’s be like, millions are, are already like getting ready to be shipped up today. So he’s like, it’s day one. Can I get in and now, and, and, and, you know, by getting all the prices slow and then sell it later when the time and, uh, I have my own opinion on that, but my opinion is actually useless because I don’t know anything, but I would love, and my cousin would love to know what’s going on right now today.

Is that a good investment or no? No, no. I don’t want to say that you’re going to take it from here. So I don’t common. No, that’s, that’s common. And, um, he, we can give him a victory, uh, cause I’m stumped on whether to buy this or not. So we can have the victory right there. But I’ll tell you what I’m not stumped on is maybe the analysis of it.

Um, I w I’m not going to buy it, but here’s an interesting thing. And this is really an important thing for us to think about what people can gain from this program is there’s a culture of advice. Where you’ll notice his question was, is this good to buy or not? Now if I said yes, is he any smarter than he was 10 minutes ago?

And if I say no, is any smarter than it was 10 minutes ago. So the first shift that is just a beautiful thing for us to talk about on this first program is the idea of where do you want to be? Do you want to be in the advice crowd? Always asking, always asking. Or in the knowledge crowd where you don’t need to ask you.

You’ve got it. So let me tell you a little bit about why I just brought this up here on my computer screen so I can see it. And it’s gapped up today where it was around 150 and change. Uh, yesterday and now it’s a 200 bucks. So we’re gapped up about $50 in one day. Greed. The fear of losing out on the big score.

Totally panic is the fear of losing what you have. So if you owned this and it got down, you’d feel panic. And if you don’t own this and it gaps up, you feel great. And so greed is the fear of missing out on what could be. And panic is the fear of losing what you have for our virus happens. Oh my gosh, my 401k is melting down.

That’s panic, right? Oh, look, here’s a drug that’s doing to do well. I got, I don’t want to miss out on this and that’s that winning the lottery mentality. And I balanced that against having a nice little machine that cranks out a little bit of money, like give it to Miami. You know, the get rich quick is there in the stock market, but there’s going to be some Johnny come lately in this look, the time to buy this was not today.

It was yesterday, obviously. Right. And here’s the thing. So I, I would run the company’s fundamental analysis, obviously. They’ve they’re they’re well, first of all, they don’t pay a dividend. So you’re definitely in the BI-LO hope to sell high crowd right here, for sure. Or you hope, and this is another legitimate thing you hope someday they start paying one and Warren buffet does have one or two companies that do not pay dividend where he’s hoping somewhat someday they will.

Does he control that? Does he buy so much that stock, that he can then influence that in a way he has been able to in that way he might be an insider because if you own enough, You know, you can put people on the board and it’s called non-controlling yeah. Interest or controlling interests. And so if you have a controlling interest, Then you have control.

If you have a non-controlling interest, you do not have. Right. And that’s not what we’re talking here. Cause I don’t think my cousin cannot do that, but let’s talk about this right here. Now that doesn’t mean there wouldn’t be opportunities for me here. If I, uh, if I were to want to earn some money on this.

What I might do is say, well, I’m not willing to buy it at 208 right now, it’s sitting here two Oh eight, 89 is for speaking. I’m like, I don’t know that much about it. So I would look at four things first. I’d do a fundamental analysis. I’d look at that financial statement that we talked about. Well, are these guys, I don’t even know if they’re earning money or not.

Looks like they are 93 cents. A share. So they’re positive. They’re earning money. They’re not losing money, but I want to see how much debt they have. I’d want to see how many other pharmaceutical products they have out that might not get approved, because if they have a bunch of other stuff that doesn’t get approved down, that’s going to go.

A pharmaceutical pharmaceutical companies are very volatile by nature because approval drives them up. Disapproval drives them down. My mom told me not to do drugs, so, okay. I get that, you know, I thought about Viagra, uh, sold by Pfizer when they came out, Viagra that I know their stock price went up.

That’s okay. Family show. We got to knock that off, but I’d want to see what else. I do a little research, do a homework before the greed pops me in and pops me in. Right? Oh, I got it. Right. Right. Well, what I might do is if I was impressed with the company and says, you know what? This is actually pretty cool company.

I might say, I’m not willing to pay two eight for it, but I’ll pay one 85. Maybe I’ll pay one 85 and I can actually get paid. To make a promise to buy it cheaper than it is today. What does that mean? Well, that’s pretty complex for a half hour show, but we’ll give it a shot in New York. They have this thing called the New York stock exchange.

You’ve heard of that. Right? So what do you think they exchange their stocks? New York stock exchange here. Give me some money. Oh, here’s some stock. I mean, we trade stock in Chicago. There’s something called the Chicago board. Of options exchange the CBOE CVOE and over there, well, what are they trading?

Well, they’re trading choices, options. And so a person can go and say, Hmm, I would like the choice to buy at a certain price. And I’d like the choice to sell it at a certain price. And they can create contracts with each other, um, to buy and sell at certain prices. We shake hands. We strike a deal. And so we call it a strike price.

So I might say, look, I could go out Mark and say, I’ll strike a deal with someone says, I’ll buy it from you at one 85. Now people are gonna say, well, it’s a toy right now. Who’s going to, who’s going to pay me to buy a cheap for this today, right? Someone who is scared, it’s going down, someone who’s scared.

It’s going to go back down to a hundred will pay me for that fact right now for one 85 for month. They’ll pay me about 10 bucks right now. Now think about that. That means I have to have, I’ll just draw this and those that are listening, you’ll be able to visualize this pretty easy and follow along. So watch this, let’s say I have a $185 in my asset column.

I’ve got that money there 185 bucks. That means that I could make a promise to buy that stock. At one 85, that person would now have to pay me a premium that’s income of about 10 bucks. And this is good til June 17. So about a month. Okay. What person is paying you? The 10 bucks and why that person’s going to pay me 10 bucks because he’s scared.

It’s going to go down below 85. So that’s a person that already owns it. Yeah. Think of, yeah. Think about this. Most likely it may or may not be, but think about this. Do you own car insurance? Yes. Why do you, why do you pay for that? Cause I need my car and so I need to make sure I always have one, even if I crash it.

Oh, so you’re scared to get a crash? Yes that’s why. Okay. What about fire insurance? I also have a fire insurance. Do you think your house is going to burn down? I mean, I don’t think it is, but I want to be prepared. So you’re just scared that it might, you make me sound like a big chicken here. Yeah. Well, you kind of are making the money.

Geico is five minutes, right? So if you’re afraid that something’s going to drop, you might pay a little money just for a little peace of mind. You know, someone sees this goes up huge. Maybe you bought it at one 60. And you saw just go up huge. So, you know, I want to lock in my profit at one 85. So it comes back down and he’s got to pay me one 85 for no matter.

That makes sense. So you’re the insurance company. Yeah. And who are the most profitable corporations in the world? You know, insurance companies. Cause they, what, what are my manufacturing costs here? Zero. What are my raw materials? Zero shipping zero, zero. I’m simply making a promise. To buy something I want to buy anyway.

And here’s, what’s interesting. If this stock paid a dividend, I might not care if it goes below one 85. Think about that. If I like the dividend and I think one 85 is fair to give me that dividend and I don’t care if it goes, it was up and down after that, I’ll do this all day long. You will learn a strong.

Okay, this is a way that warm Buffalo offered acquire stock and he thought it was two things you tell us about the stock market money machine. Then you went over here and you talked to us about the stock market insurance machine, and then you just combine them. If you do insurance on a dividends, Frank, Holy cow, this’ll bake your noodle and this’ll maybe this, this can be our finale.

And in most of my webinars, I cover this almost every time. In most of my webinars, let me erase this. And you know, if you’re just listening, check out the YouTube version of this, because it’s kind of, these are kind of cool charts up there right now. The stock is a two Oh eight. Yes. It’s a two Oh eight.

And I said, I’d buy it at one 85. Right. Now here’s, what’s really fun is if you were to ask me, I’ll tell you how to stump Andy, say, just to start going up or down, and I’ll say I have no idea. That’s how it’s helped me because I don’t know I’m stumped, but watch this there’s really two scenarios, right? The first scenario is up and sideways and the next scenario is down.

So watch what happens to my financial statement. This has turned into a lesson more to, but we don’t care it over here. I have $185 and I’m getting $10 to promise to buy. It makes sense. In other words, I’m here. The other guy’s here, he’s paying me this 10 bucks, right. And I’m making a promise to buy it.

And this guy’s making a choice, whether he wants to sell it. Right. And this is good for one month. Now watch this. Let’s say that the stock goes up. Okay. 200, 210, 250 15. I have to sell it to me. No, it’s the Chicago board of auction. It doesn’t have to do anything. So he has the choice. He says, Andy, you know what?

It’s kinda like you, you, you say I’m really glad my car didn’t wreck. I don’t get my insurance for me and back, but I’m glad my car didn’t wreck or it’s like, you I’m really glad that, uh, that I didn’t have my house burned down. Don’t get my insurance money back, but I’m glad. Yup, totally. On that case, I just keep the 10 bucks.

You see that? Now take your noodle a little bit. This is what people don’t understand. And this is some of the stuff that we, you know, that we teach in more detail here, but watch this. Um, if I take that $10 and I divide it by the 185 that I have to keep my promise. Um, that’s 5% in a month, 5.4 on my money in a month.

Now, what are the, what are most, what are most savings accounts pay? On cash in an account. Oh, like 1%, maybe less, maybe less. So here are my, I guess I should label this. So Robert doesn’t get mad at me. We have assets, liabilities, income, and expenses. Now this is what’s really cool. So if the stock goes up, I make 5%.

Now it’s annually. In other words, I could, if it doesn’t work, I could do it the next month. Right. I can make a promise again the next month. Right? So we’ll just keep doing it. Yeah. Your time’s up by 12 months, you know, that’s like making 65% a year on your money, on your cash. Holy cow. Follow that. Yeah. Now watch this.

Let’s say so here, we’ll just call it a 65% per annum in a month, right? We’ll just say that 65% on my cash right here that I make. Fair enough. Let’s say it goes sideways. I still keep the $10. Cause he’s, he’s not, I’m going to sell me the stock one 85 visits. Right, right. Let’s say that it really tanks and really goes down.

Well then I guess what I do, I get a home, my company, I get a buy it, the price. Cheaper than it was last month. Right? Right. The price you said you are willing to buy it. Yeah. Now I get to buy stock and if it paid a dividend, I’d get the dividend now, which is really what I want in the first place. Now this stock doesn’t pay a dividend, so I’d be less excited to do that here.

But if it was a dividend bang stock like Coke, you know, maybe I do this, but Coke. So this is how I buy a lot of my stocks, quite frankly. Is this way then if I don’t get it and this one’s cool, this causes me to buy what by law forces me to buy low doesn’t lower than it is today at discounts. And so I’d want to buy my stocks low and you’re making money.

And this is if it goes down here, well, I’m the type of guy that’s more interested in the, in the money that comes out of the box than the price of the box. So I really don’t care if it comes down to let’s talk about risk. If your friend or your cousin buys this today, and this company goes bankrupt, he’s losing two Oh eight.

Right. But if he does it this way, how much is he risking? Well, what’s the most he can pay for the stock if he does it this way. Yeah, minus the $10 you get for doing it. So his risk is one 75. If he does it this way, as opposed to this way. So what’s crazy is, is up, down and sideways. I can make a case for it and I’m taking less risk than if I own the stock, uh, by buying the stock itself today.

Quite a bit, actually. All right. Let’s stop here. Cause you’re right. Your friend. Yeah, I thought I might. Okay. Anyone listening? I need to watch this. That’s a risk, listen to the podcast, but bottom line, this is what I buy this today. No, I wouldn’t because researched it, you know, done pay it and it wasn’t an excite me.

And the other thing is okay, if they’re a one trick pony, and this is the only thing that happened, what happens when we have coronavirus pass through and not everyone in the universe is going to get tested every time. And by the way, when they come out with a vaccine that’s called obsolescence risk to me.

So I’m not saying it’s a good company, bad company. But here’s, what’s really important. Did you learn something or more point? Did you want to learn something from this conversation? Hey, maybe since I didn’t understand it. Well, that’s what I’m saying. I’m not gonna take adolescence. Why, why don’t I play the piano?

Well, that’s kind of why you take the piano lesson is I couldn’t understand any of that. Well, that’s why you go to, there you go. And like Robert says, like every podcast he does, he’s like, make sure you listen to this more than once. Is every time you listen to this, you’re going to get something new from it.

And I personally wouldn’t have to go through this again, because halfway through at the last part there, my brain, I over that’s my fault. Oh my God. That was, that was incredible. I, I mean, unfortunately my head’s gone. It’s a sure thing. And I know it’s not, so let’s go back to, to keep my own head on my shoulders.

The importance of the education. You can, you can get access to Andy’s education. Just go to richdad.com, hit the show tab, find the show and look in the show notes. And Anna, you teach the options part as well. We teach the whole thing. Yeah, you teach the fundamentals or the dividends. You teach the alcohol at the end when you combine them.

That was great. Um, tell your friend this, just say, you know, what, ask him, how much was your cousin? Yeah, first of all, I’m too lazy. I’m going to tell them to listen to the podcast. No, no. This is what you’re telling me to say. How much money are you going to put in there? And he says five grand. And I said, tell you what, give me the five grand I’ll punch you in the stomach.

As hard as I can have the same experience.

Yeah, it’s kind of funny when people ask advice to say, Andy, you know, what would you do well, do you think I’d have my mom do that? No, because she doesn’t know how to do it. And so really risk is about how much, you know, not whether this is a good investment, something else. Robert always says, he says, there you take a great deal and you put a bad uneducated investor in it.

And it’s all of a sudden the worst deal ever. You can take it like a crappy deal. But put an educated investor in it and he will find the opportunity and turn it into I’d agree with that. Cool, man. Thank you so much. I, like I said, my head hurts a little bit here, but I really am. I’m going to go through and watch this again.

And man, I’m going to have to, and I hate, I hate doing this. I’m going to take your course. Oh, cause I like doing businesses, home based businesses, but exactly what that tells me that tells me, you’ve kind of watched everything on Netflix now. There’s nothing. It’s like, you look like, okay, there’s nothing left here.

I think that’s what coronavirus did it. Like everyone has watched everything Netflix. Right? I’ll be honest. I stopped watching Netflix when tiger King came on, because I was just like, I don’t, it’ll only make you stupid. Yeah, it will hurt you. So anyways, we should say program map, man. I learned so much.

Thank you. So you’re an amazing teacher. Thank you. Thank you everyone. Who’s listening. Thanks man. Make sure you also watch it on YouTube so you can see the diagrams and check out the show notes so you can get access to more Andy, if you’d like, and thank you very much and Annie great for show. Thanks.

Awesome. Thanks, bye.