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

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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!

Episode Transcript

Speaker 1 (00:00):
What is up everyone?
I am Robert Mraz.

Speaker 2 (00:03):
And I'm Dina Mraz.

Speaker 1 (00:04):
And this is CV Hustle , the podcast dedicated to
entrepreneurship here in theCoachella Valley.
And today, boy, do we have aspecial guest.
We have an OG in the game, oneof the guys that truly
influenced this podcast thinghere in the Valley.
He's been doing this a longtime.
I think he's kind of avisionary, seeing the value of
podcasting when guys like myselfhad no idea what it even was.

(00:28):
I didn't even know what apodcast was when this guy
started, so he was truly avisionary.
He's also a professionalfinancial advisor, so we're very
excited to have Mr Kyle Bryanton the show.

Speaker 3 (00:39):
I appreciate you guys .
Thank you very much.
Thank you for the kind words.
Wonderful introduction.

Speaker 1 (00:43):
Yeah, thank you very much.
Thank you for the kind wordswonderful introduction.

Speaker 3 (00:44):
Yeah, thank you.
There's definitely a lot ofpeople who came before me but,
yeah, it's very excited to behere.
I love the studio, love the therooms that you guys have, the
lighting.
It's very well set up, veryprofessional and that's.

Speaker 1 (00:52):
You know, that's what we're trying to do, man.
We're trying to give this thecommunity a space to come and
record, you know, cv hustlestudio.
So check out the the videosprior if you want to get some
more information on that.
But back to you, desertFinancial Advisor, your podcast.
Tell us a little bit how yougot into the game a little bit.

Speaker 2 (01:10):
I've never met Kyle.
I want to know how you.
Where did you grow up?
Because I know you've knownthis guy for a long time.

Speaker 3 (01:17):
So you went to Indio High School, that kind of thing.
Born and raised, Indio Went tograduate Indio High School 2008.

Speaker 2 (01:26):
Okay, and, and yeah.

Speaker 3 (01:27):
I went to college Cal State, fullerton came back and
did a few different thingsdifferent industries, sales
management, things of thatnature and then I fell in love
with money and being able to allright, they didn't teach us
enough about it in high school.
And then the things that a fewprofessionals shared with myself
.
I was blown away Interest rates, mortgages, compound interest.

(01:51):
I was like I just got out ofhigh school just a few years ago
.
College macroeconomics,microeconomics they don't talk
about it.
So I was able to like well, Iwant to learn more.
It's completely different and Ijust started one thing at a
time and that was in uh, 2015 iswhen I started and I became a
licensed investment advisorrepresentative in 2015 very cool

(02:14):
and I started with the podcastaround 2019, 2020 or so early,
early to the game.

Speaker 2 (02:21):
You know what's so crazy is, I am very interested
in this too, because I, like youknow, we came from nothing.
I was always like I can't livelike 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 (02:35):
that's right.

Speaker 2 (02:36):
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 oninsurance, 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 knowyou're going to use it, you're
going to die at some point.
So I thought that was alwayskind of a real good thing, and I

(03:01):
know you can borrow against itand things like that.

Speaker 3 (03:02):
So yeah, life insurance is definitely a big
foundation to what we do when itcomes to financial planning.
A lot of individuals they wouldlike to sit down with me and
say, hey, I have an old 401k orsomething.
Can you explain and help memove it over?
You know, open up an IRA,things of that nature, and I'll
do that.
However, I won't sit down anddo your financial plan unless we
talk about your life insurance,because that's a huge staple

(03:23):
Life insurance.
Unfortunately, I don't want tosee kids holding up a poster
with your face on it and carwashes 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 awhile.
Life insurance is what we callassignable, so you could pay a
funeral home boom, whereas 401KIRAs it takes a while.

Speaker 2 (03:47):
So it's huge.
I think our financial advisor,he's smart.
He's told us hey, you guys ownbuildings, 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 Bobbywould be one rich man, but I'm
worth a lot.
No, I'm just kidding, but no, Imean, you know what I'm saying
like that would pay off thebuilding, that would pay off all

(04:09):
kinds of things, and so youknow, those are things you don't
have to necessarily worry aboutif you have life insurance
absolutely, and that's why I wasable to share that message more
through a podcast, because it'shard and it's pretty morbid
sometimes when you don't want totalk about death and just be
like you know this and that andthis.

Speaker 3 (04:25):
So being able to use a podcast and a platform allowed
me to share different insightsand maybe benefits or,
unfortunately, things thatpeople thought was a benefit,
but it really hurt people andthey didn't understand how their
policy worked, and so I wasable to expose that on a podcast
and that was able to attractmore families and be able to
continue to grow there you go,so out of college.

Speaker 1 (04:48):
Were you just directly into the financial
world, or how did that kind ofcome about?
For the people that may bethinking about taking that,
taking the same road as you, asa young buck, you know, just out
of school, look good withnumbers, how does?
How did you kind of?
How did that path progress foryou?

Speaker 3 (05:02):
so, truth be told, with everything, with numbers in
school, I pretty much gave upon school when my mom died right
before high school.
It is what it is.
I did enough just to get by.

Speaker 1 (05:13):
But you got good grades.
I mean, I knew you in highschool and you were a smart kid
man.
You didn't give it the 110%that you would have normally
right.

Speaker 3 (05:22):
No, because, yeah, my motivation, a lot of like.
So my mom was the one whopromoted 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 andif I get my college acceptance
letters and I get enough credits, I could play the system.
And unfortunately that's what Idid and I didn't use my full
potential and the power that Icould have had and so I ended up

(05:45):
going to college and justplaying that game.
But while in college I realizedthat student loans were just
terrible.

Speaker 1 (05:53):
I understood.
Tell me about it, man.
I was paying that thing forlike 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 (06:04):
It's like a house.

Speaker 1 (06:04):
They don't tell you that when you first sign up for
those things, you just think youcan go down to the.
I was going down to the recordstore and buying music and going
to the bar and buying out thebar thinking I was balling.
But hey, like, 20 years later,I'm still paying for those
drinks man.

Speaker 3 (06:29):
It was like what I was going through that in
college and then continued to my.
To me, education is somethingthat's very important to
everybody.
You never stop learning Everyday.
You should be learning, youshould be growing instead of
just forgetting information.
You should be learning andfilling your mind with good
stuff.
And so I was just learning.
And then, lo and behold, I meta few people and they said, hey,
you should sit down with thisguy.
I said what are they going toteach me?
I was very naive, very stubbornand hard-headed.

(06:49):
I'm like I just finished somecollege classes on this and
money.
What are they going to teach me?
They blew me away in about 45minutes of just budgeting.
People don't budget.

Speaker 1 (07:11):
I need amount of money that we're spending on,
whether it's going to starbucksor all these different.
Nowadays you have, uh whatpeacock hulu, netflix, uh,
paramount tv don't forget hbo.

Speaker 3 (07:15):
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'tunderstand.
And that's my biggest thing isI was spending money previously,
just wasting money.
I'm like, well, seven dollarshere, eight dollars, $8 here,
that adds up that could be a fewpayments.
And so then they opened my eyesto things like that.
They were able to save me moneyon my insurance because they
shopped around for my insurance.
I only went to my local statefarm agent down the street.
They actually shopped aroundfor me, saved me money.

(07:37):
And then I'm like dang, I'mjust being inefficient with my
money.
And then they told me about lifeinsurance, which blew my mind.
Mind you, I'm in college.
My mom passed away when I wasbefore high school.
Nobody ever taught me aboutlife insurance.
I'm 20 at this time.
I was 24 years old.
Nobody ever taught me aboutlife insurance until they taught

(07:58):
me.
I'm said you're saying, forabout a dollar a day, my family
could be set up.
I could have been set up as akid.
And they said, unfortunately,yeah, we can't change it now,
but yeah, you could have yourfamily, your mom, and they could
have had a policy well, and oneof the things, too with life
insurance.

Speaker 2 (08:14):
Like the early you are, the younger you are, the
better the rate you get, and soabsolutely for all those
diabetes and whatever else yougot kicks in right so it's it's
like do it.

Speaker 3 (08:23):
Yeah, my mom was 39 years old, she was healthy.
Stage four breast cancer boomLike nine months.
10 months, radiation,chemotherapy, all that Just yeah
, but no life insurance, and itjust blew my mind.
I'm like it's one of the mostselfless things you could do is
actually get a life insurancepolicy for other people, Because
I mean to me I'm gonna bechilling, I'll be heaven, I'll
be.
You know, I got worried aboutnone of this debt what do I care

(08:44):
?

Speaker 2 (08:45):
leave that for y'all.
I care can't take it with youlike this, so that's, that's
what.

Speaker 3 (08:50):
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 doingfinances, just Just learning,
just studying, learning readingbooks, just countless books, so
many books.

Speaker 2 (09:06):
So no iguanas, no reptile stuff going on.

Speaker 3 (09:09):
Nah.
Nah, I had a couple fish and alittle lizard.
Hey, those are nice andrelaxing.

Speaker 1 (09:15):
Yeah, those are nice and relaxing pets.
Well, that's cool.
So when you were doing yourapprenticeship, when did you
kind of think, okay, I can goout on my own and kind of, I
don't want to work for somebodyelse, I kind of want to do it my
on my own here?

Speaker 3 (09:28):
and that's a big store to manage, you know you
know, yeah, it built up overtime.
Uh, what happened was mostly myfamilies.
They're the ones who told meand they're the ones who would
say, man, like the way you takecare of me, I haven't had
anybody else take care of me theway you're taking care of me
and I'm like, what do you mean?
Like, yeah, you would send me aChristmas letter, a Christmas

(09:49):
card, you know, just like aChristmas greeting, hey, season
greetings, cool Things like that.
You know, following up withyour families, people would come
and they told me this laterdown the road, they said you
turned away doing an insurancepolicy for me.
And I'm like, what do you mean?

(10:10):
He's like, yeah, you, I took mypolicies to you, you looked
them over and you said I wasgood with most of them.
I just had to cancel one of them, but I was ready to cancel all
of them and go with you and Iwas ready to write a two
thousand dollar check to pay thewhole premium for the whole
year.
Wow, and that would have beennice for me.
You know commissions and allhe's like.
That's when I really respectedyou and it's those things
started building up over time.
I'm like, damn, like peoplereally trust me and I'm

(10:31):
different, like I'm builtdifferent, and so I'm like I
could make it and I couldsucceed here.
And just slowly after, I wouldsay, when you could sit down
with an individual and you couldcreate your own schedule
without anybody creating aschedule for you, that's when
you're ready to go on your own.

Speaker 2 (10:50):
Absolutely, and I think too, like when people can
trust you and your reputationfollows and they know okay, this
guy does what he says he'sgoing 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 (11:09):
Any business, it's a personal relationship.
You have a personalrelationship with your clients.

Speaker 2 (11:14):
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 Ido this?
And I'm like, listen, I reallywant 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.

(11:34):
You know, do your showers orwhatever 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 (11:38):
They're going to respect that Absolutely.
Yeah, they've come back.
They bring families back.
They've invited me, they do alot of things for me and I'm
just, if it makes me feel veryincluded as a family and that's
why I call my family, notclients, and these are my
families, take care of them.
When, when something drastic inthe middle of the night, people
call me hey, unfortunately thishappened.
I just want to make sure mylife insurance policy, I'll
check it.
Boom, I don't have a 1-800number.

(11:59):
It's a personal, personal cellphone number that you can call,
reach out and be like hey, I'mhere for you so absolutely and
my number hasn't changed forover 10 years.
And, uh, man, keep it that way.
And then, with trust, anybodycan go to what's called
brokercheckcom finra.
And since I'm federallyregulated with my licenses, you
could see I have zerodisclosures, which means I

(12:19):
haven't done anybody wrong.

Speaker 2 (12:20):
So very proud of that .
Pretty transparent.
How often do you have to updatethat?

Speaker 3 (12:25):
so that's all the time, like 30 days, like
anything happens, anydisclosures, any, if anybody
writes a complaint, anotification, and says, hey, I
did this wrong, I didn't do thiscertain trades like like up
your license, don't oh, that'sannually.

Speaker 1 (12:38):
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 (12:44):
So I'm a licensed mortgage loan originator, so a
loan officer.
I'm licensed financialinvestment principal, so that's
like people think a financialadvisor that's technically a
financial advisor would be, youknow, fidelity or BlackRock or
the company Robinhood.
That would be the financialadvisor.
I have Robinhood yeah, sothat's an advisor, but we're
BlackRock or the companyRobinhood.

(13:05):
That would be the financialadvisor.
I have Robinhood.
Yeah, so that's an advisor, butwe're the representatives or
the principals, and so that'swhat I am.
And then I'm also an insuranceagent, so I do all that stuff to
help families in that area.
Oh my gosh, I got to dolicensing renewals every year
for each one.

Speaker 1 (13:22):
Jack of all trades man.
But I mean your profession ispretty rewarding, right.
I mean you get out of bed inthe 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 thefuture.
Absolutely, because I think ashumans we don't really think
like that, right, like it's hardfor us to kind of comprehend
five years from now.
Right, it's just like ourlizard brain doesn't want to
think about, you know, what'sgoing to happen like in two days

(13:44):
, let alone five years from now.
So you're kind of like theshepherd that's leading the
sheep around saying, hey, youknow, these are important things
that are going to come down thepipeline.
So I mean that's got to be kindof a cool feeling, right.

Speaker 3 (13:55):
Absolutely, and I think social media helps with
promote the fact that peoplewant this lifestyle.
They want to live thislifestyle.
But then they're starting torealize it takes money and you
have to take time to build upand to invest into yourself or
whatever to get that lifestyle.
Even though you see it onsocial media like, oh, it's
overnight success, well, that'snot so attainable.
What is attainable is if youput $200 a month in a 401k IRA

(14:18):
for, you know, 10-20 years, youcould have something very
successful.
You could buy a house withinthe next five years if you just
put your head down, stopspending money on crazy things
and, just you know, do it theright way all right, yeah, I.

Speaker 2 (14:29):
We have young girls.
You know they're 27, they'retwins and I'm like you guys need
to invest now.
Like keep just whatever you canthrow it in there.
You guys have a long life aheadof you.
You need to go high risk andjust ride it out you know, agree
, because she's like oh, I'mdoing like moderate risk and I'm
like no change it.

Speaker 1 (14:47):
When you're young, you go as risky as possible,
right no risk no return, right.
No return, no reward, yeah, noreward.

Speaker 3 (14:54):
Yes, yeah.
So it's very difficult for meto say certain things on
podcasts and radio when it comesto you yeah, he's regulated.

Speaker 1 (15:00):
When it comes to yeah , yeah, he's regulated.
He's federally regulated.

Speaker 2 (15:04):
Okay.
So I can't tell everybody to beaggressive, but I can tell
myself Well then, how can you bean advisor if you can't advise
me to do that?

Speaker 3 (15:10):
Great question.
But this is why you've neverseen a commercial for an
investment advisor rep.
You've never seen a billboard,that's true.
You've never seen any kind ofradio 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 havefamilies who would willingly do
it.
I can't have them say, hey,kyle's been taking care of me

(15:32):
for the last five years, youshould 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?
so I, I for me, I learned so,like you know.
I guess it's a gift and a curseis I learned how to read

(15:52):
puzzles and dissect it prettyfast and put it together, type
stuff.
It helped me when I wasquarterback and that's how we
met playing football and justlike, all right, well, I could
see the pattern.
I could see, okay, they'redoing cover three, cover.
I could see the pattern.
I could see, okay, they'redoing cover three, cover one,
cover two.
He's blitzing hot routewhatever.
Zone A shift audio like gap one.
That was easy for me, it justcame natural.
Plus, I could throw you knowwhatever.

Speaker 2 (16:13):
You can adjust, yeah.

Speaker 1 (16:14):
Adapt.
Yeah, you can't be no dummy andplay quarterback.

Speaker 2 (16:18):
Oh God no.

Speaker 1 (16:18):
Especially at the varsity level.

Speaker 3 (16:19):
I couldn yeah, so just being able to put puzzles
together has just always been askill of mine, so that's pretty
much what I do for families, andI just get it done.

Speaker 2 (16:31):
All right, I have a question.
Yeah, when can we do a hardmoney loan, do you do?

Speaker 1 (16:36):
those.
She's all about the hard moneyloans man I love risk.

Speaker 2 (16:39):
She loves that 25% interest rate.

Speaker 1 (16:42):
That's what she loves .

Speaker 2 (16:43):
It's not that high I mean it's pretty high, it's
pretty high.

Speaker 1 (16:48):
Can you talk about that?
It's not a great thing, to takeout.

Speaker 3 (16:49):
Okay.
So going back to things to getcreative is I found ways and
loopholes, how to say thingswithout getting in trouble.
So a lot of things you couldsay is you know you have to make
sure you meet with a licensedprofessional, somebody who
understands your investmentobjectives and meets your
suitability and risk tolerancethere you go and then I say,
that being said.
I'm very aggressive, very risky.

(17:13):
I believe that we should have arecession every about seven to
10 years.

Speaker 2 (17:17):
So it yeah.

Speaker 3 (17:18):
I'm, you know, in my 30s.
I don't plan to retire.
I mean, retire is a differentventure.
But a qualified account, aretirement account, is 59 and a
half, so 60 years.
So I got at least two to threerecessions under my belt.
All right, cool, I'll go getthose.
So I'm aggressive as crazy,Like I want to be wildly

(17:40):
aggressive.

Speaker 2 (17:41):
So you want the market to crash, so then you buy
and then it goes up, right, yes?

Speaker 3 (17:47):
however, when I'm 55, then I want to be more.
You know conservative when I'm55 in that nature.
So I use what's called a GPSprogram.
You want to grow it, then youwant to protect it, then you
want to spend it.

Speaker 2 (18:01):
So I like the spending part.
We love the spending part.

Speaker 1 (18:03):
Yes, tell me more about that we love the spending
part, it's the making it thatsucks.

Speaker 2 (18:08):
We spend in December every year.

Speaker 3 (18:09):
Yes, Unfortunately, people spend their tax returns
in December.
I see that a lot.
That's crazy, bro.

Speaker 1 (18:18):
They spend Before they got it, yep, and they're
paying like 15% to get it fromthe tax cashing spot.
That's a straight racket, man.

Speaker 2 (18:29):
We should open that business.

Speaker 3 (18:32):
They charge out their credit cards in November and
December knowing that they'regoing to get back $5,000 to
$10,000 in March, April, Wow, ohmy God.

Speaker 1 (18:40):
They're paying that 19%.

Speaker 3 (18:42):
Oh my gosh Crazy this is the financial literacy that
I come across, and it'sunfortunate because I believe if
they knew better, they would dobetter.

Speaker 2 (18:51):
Not everybody.
I don't know man, I don't knowman.

Speaker 1 (18:54):
There's some dumbasses out there?
I don't know.

Speaker 2 (18:56):
I mean, you know what you might have like a positive
outlook.

Speaker 1 (19:00):
I mean there's a lot of dumbasses.
I mean there's a lot ofdumbasses, I mean I can't.
Public school is not what itonce was.

Speaker 2 (19:06):
We need more of you.

Speaker 1 (19:07):
Public school is not very good anymore.
People don't really know how todo math anymore.
Dude, they don't even teachkids cursive.

Speaker 2 (19:15):
I'm like my kid's like.
I can't read that and I waslike listen, I know I write like
a doctor, but damn, you can'tread that.
It says you know, do yourhomework or whatever.
It's crazy.
It is unfortunate and thatother weird math don't even go.

Speaker 3 (19:27):
Oh, I know my daughter.
I was like what is this math?
What are you doing with this?
Why are you complicating thealgebra and the calculus started
Right Like why are youcomplicating life?

Speaker 1 (19:36):
Calculus.
It's as hard as it is.
Calculus is just Chinese.
At this point it's like what amI even looking at here?

Speaker 3 (19:42):
But see nowadays.
That's why I actually likepodcasts and videos like this is
because I was looking up how todo 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 whohas a podcast on fixing cars.

Speaker 1 (19:56):
Yeah, yeah, I'm like, or YouTube, youtube.
You need to fix anything in thehouse, 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 oftenright.

Speaker 2 (20:07):
So like you go to a wedding, he's like I had to
watch it on youtube a coupletimes.

Speaker 1 (20:11):
Remember, I gotta pull it here over here.

Speaker 3 (20:13):
You know it's, it's a very helpful tool, man.
I use that same thing probablyevery one, two weeks I.

Speaker 2 (20:19):
I just watched how to prune roses because I'm into
roses right now that's yourhobby right now.

Speaker 3 (20:25):
I love it that's why I believe um podcasts are very
useful, being able to share thisinformation, because I have a
lot of information in my head,some of it's, you know, useless.
However, somebody can gainvalue from something, whether
it's talking about iras, 401ks,insurance, the tariffs that are
going on right now with theeconomy and the government I
already I'm getting letters frommy vendors already.

Speaker 1 (20:46):
They are living in crazy times right now, man, you
know crazy times all right, herewe go well, that's a good segue
to your podcast.
So, desert advisors, what arewe?
You know, somebody wants tokind of look you up.
What are they going to find ondesert?
I?
I know what they're going tofind, but I want to hear from
the horse's mouth.

Speaker 3 (21:00):
So right, now I've been doing a every.
Every day I'm buying $7 ofcryptocurrency, so I'm doing a
little follow along if peoplewant to get into crypto, because
a lot of people are still new.

Speaker 2 (21:11):
I just bought some on Robinhood, oh there you go,
what did you buy?
What did we buy?

Speaker 1 (21:20):
Did you buy the Trump coin?
No, I don't know, no, I don'tknow what it was Don't buy that,
but I was like you know, let medilly dally in this.
Okay, right, well, you justbought whatever you saw.
I mean, how do you make thatdecision, robin?

Speaker 2 (21:34):
Hood was flashing something and I was like, oh you
know, like.

Speaker 3 (21:38):
Oh, you just wasted our money.
Opened up a can you want toknow.

Speaker 2 (21:41):
It's so stupid.
You want to know how stupid Iam.
Like I'm smart in many ways butI'm really stupid in other ways
.
So, like robin hood I, I spentall this stuff right on whatever
and it grew, grew, grew, grew.
But I don't know how to likesell it and get my money back
and then buy other shit.

Speaker 3 (21:59):
So it just grows, grows, grows you don't know how
to take a profit.

Speaker 2 (22:02):
Yeah, and I'm like oh , get a dividend, cool, you know
like dividends are nice oh theyare, but they're kind of little
.
They're not guaranteed, butthey're very little they're
little right now, but I'll takeit yeah it's money.

Speaker 1 (22:13):
I didn't, you know this as long as it's not the
mortgage payment that you'reputting on.

Speaker 2 (22:16):
No, honey, I wouldn't do that to you.

Speaker 1 (22:18):
Yeah, it's not, it's like you go crazy, that's just
play money, that's like you knowplay money.

Speaker 2 (22:22):
It's not play money.
Well, I know but we got to makesure it's not because I don't
know how to take any bills oranything like that yeah, that
could be pretty volatile,especially right now.

Speaker 3 (22:30):
So I'm showing people how to do crypto right now.
That's one thing that I'mshowing people is if they go to
my account on tiktok, instagramor youtube, they'll see uh, day
33 or 34, seven dollars a day.
I'm doing $7 a day because Ibelieve that's attainable.
That's 37 times 3, that's 21.
$210 a month.

Speaker 2 (22:50):
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 likebreak it down because I don't
get it.

Speaker 1 (23:00):
Okay, well, you bought something, so you
probably get it a little bit.

Speaker 2 (23:06):
You're spending money on it.
Well, I mean Coming from anexpert.

Speaker 1 (23:09):
What is crypto for those that don't know what it is
?

Speaker 3 (23:11):
So crypto is a digital asset and it's a way for
people to digitally transfermoney or value or hold value in
assets.
So traditionally, right now youdon't have to answer out loud.
But if I gave you $10,000, howwould you hold that for the next
five years?
What would you do with it?
Would you buy a?

Speaker 2 (23:31):
bond.
I put it in a bond.

Speaker 3 (23:33):
Okay, so you would buy a piece of paper.

Speaker 2 (23:35):
Yes, something high, oh, I would.

Speaker 3 (23:39):
I'd rather do a hard money loan but, but do a hard
money, loan, but, but, but.
Basically, you're giving tenthousand dollars to the
government and they're givingyou a piece of paper that's true
right?

Speaker 2 (23:49):
well, they're also giving me interest back of
course, but the interest has.

Speaker 3 (23:52):
A piece of pay is basically just a piece of paper.

Speaker 1 (23:55):
Okay, you're not getting anything, no asset like
no real, tangible thing, it's.

Speaker 3 (24:01):
It's all backed by the full faith of the united
states government which, whichis pretty shaky right now, by
the way.

Speaker 1 (24:07):
Oh God, here we go.

Speaker 2 (24:10):
I'm just saying bonds are super safe.

Speaker 3 (24:12):
They are the safest investment.

Speaker 2 (24:14):
Thank you.

Speaker 3 (24:15):
Yes, see, I know a little bit there you go, and so
that I can say and so you wouldtraditionally put it in a bond
and it would pay you a certaininterest, guaranteed or not by a
certain amount, and pay youback over time and that's a way
that you could store this valueto keep up.
Now, traditional bond right nowis going to give you back.
What percentage?

(24:36):
Maybe you know.

Speaker 2 (24:37):
Six percent.

Speaker 3 (24:38):
Six percent, right now I have another answer to
this after you tell me.
And so if inflation inflationis 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'remaking around 2.5% on your money

(24:58):
.
The difference.

Speaker 2 (24:59):
Yeah, because they have to take a little piece of
the pie.

Speaker 3 (25:01):
Right, and so that's.
You know it's pretty safe, butyou can't really build wealth
making 2% on your money everyyear, type stuff.

Speaker 2 (25:09):
Okay, I have another thing.
So if I had $10,000, maybe I'dbuy some gold bars.

Speaker 3 (25:14):
Perfect, I love that.
Yeah, that's my favoriteinvestment.
I've been promoting that forthe last couple of years Gold
freaking gold like 1860s I'mtelling people that that's the
one I've.
My biggest investment would begold or xrp, but yes what the
hell is xrp it's the ripplenetwork and it's how every bank

(25:37):
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 (25:43):
This is pull it up years ago.
It's a type of crypto.

Speaker 3 (25:46):
Yeah, okay if you have a hundred dollar bill.
The lady who was on rosie rioswho's on your hundred dollar
bill.
She joined the ripple networkyears ago yeah bank of santander
, which is big bank from spain,american express bank of america
.
They've been using the ripplenetwork for years, years, but
they haven't promoted itpublicly due to the fact of the

(26:07):
sec, securities and exchangecommission, uh, their lawsuits
and things, and recently a lotin 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 fiveyears because you really would
have cashed in but nonetheless,xrp is how, okay, uh, you may

(26:28):
remember this, so do.
How would people and familiessend money across there?

Speaker 1 (26:36):
you go money gram or western union, yes, this is, I
know, this is the advantage ofcrypto.

Speaker 3 (26:40):
What you're about this is yeah, this is a crypto
major, so let's say, bob and Iwe go to argentina, and him and
I would go and we're hanging out.

Speaker 2 (26:49):
Then we run out of cash you drank too much at the
bar.

Speaker 3 (26:52):
There we go, jesus it happens and then we, we hit you
up, we say, hey, we need somemoney, can you send us some
money?
You might say let's go to awestern union and try and
transfer that money and do allthat stuff.
Okay, and you would.
You would use traditionally theSWIFT network.
It's a 60-year-old bankingsystem Like a wire right?

Speaker 2 (27:11):
Yeah, exactly.

Speaker 3 (27:12):
A wire transfer.
You know how banks have to waitthree 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 ofgold, you would go to a bank.
The bank would say we'll holdyour gold for you.
Here's a receipt that says youhave a thousand dollars worth of
gold.
People are tired of carryingthose receipts those receipts

(27:32):
individually.
Long story short, became paperdollar bills, backed by full
faith of the government.
Gold.
Then we got away from the goldstandard won't get into it fast
forward.
Now people just have dollarsand a lot of it's digital.
They'll use Zelle, cash App,all this stuff.
It's almost instantaneous.
We're transitioning to thedigital world compared to
carrying around pieces of goldand silver.
Yeah, and that's where we'repretty much at.

(27:54):
So if him and I were stuck inArgentina and we needed money,
instead of you going to WesternUnion, you would log into
Robinhood cryptocom, downloadsome Bitcoin or XRP.
Cryptocom.
Download some Bitcoin or XRP.
Xrp is the fastest, easiest wayto send value money across
international borders and haveit cleared right away.

(28:14):
So you would, let's say, buyXRP on Cryptocom, send it to my
wallet in XRP.
I would have all this money andI could download it into
Argentina pesos, and now I couldbuy a ticket in less than five
minutes.

Speaker 2 (28:26):
Oh, my God.
Okay, so I have a client who'sbig time into crypto and he pays
me with a credit card, withcrypto, yeah, and I'm like what?

Speaker 3 (28:36):
So there's crypto on that card as long as that sucker
.
It's a debit card as long as itgoes through, as long as it
goes through.
Yeah, we'll take it.
Have the same thing.
Yeah, it's money on that debitcard.

Speaker 1 (28:44):
So what you're saying is that crypto is much more
easier to transferinternationally.
There's no friction in terms ofgoing into the wire system,
absolutely Fees to give peopleyour money.
Basically, you can send it andpeople get it right then and
there, no friction, no, anything.

Speaker 3 (29:03):
It's a better overall system for that type of 100 and
banks want their money verifiedright away and, like I said,
it's called a ledger.
So once again, people wouldwrite down your information on a
document, piece of paper ledgerand say, oh, you have this much
money, okay, we could lend outthis much money, and so that
same ledger are now computerledgers, and so each computer

(29:25):
around not computer, but certaincomputers attached to this
network they verify thisinformation and it's very
difficult to steal or try and doany kind of fraudulent activity
because so many computers areconnected.
I don't want to get toodetailed, but it's amazing

(29:47):
amazing, so.

Speaker 2 (29:47):
So I think like when we go, when we've gone to europe
or what have you, if I use myamerican express, my ass gets
charged right so that like thatkind of wouldn't happen.

Speaker 3 (29:53):
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 bitcoinlightning, things like that.
But yeah, xrp and certaincrypto will be much more viable
and easier to use.
So I don't think people aregoing to be using bitcoin to buy
starbucks.

Speaker 1 (30:09):
I don't think it's gonna be like that no, it's
gonna be more of like a assetlike gold and silver, right like
it's something you want to havein your portfolio, but not
overdue yes, volatility, Ibelieve the value of bit.

Speaker 3 (30:20):
So a statistic is the value of bitcoin has never been
less after a five-year period.
So if you look at any five-yearsegment of Bitcoin, it's always
worth more money after fiveyears, which is an incredible
investment Any kind ofinvestment, what?

Speaker 2 (30:39):
Well, so is real estate.
Yeah but you can't.
Yes, it is, yes, it is.

Speaker 3 (30:43):
It's incredible, but you can find many instances
where values are much less afterfive years I mean, if you're in
the long game, real estateexactly, but see bitcoin 25 year
.
25 year but bitcoin is stillyoung and bitcoin is still early
, as far as it's only 21 millioncoins ever created, and now

(31:04):
retirement accounts are buyingand holding it what we would
call diamond hands.
They're not selling anytimesoon.

Speaker 1 (31:10):
So you're not getting that that.
That back into the system, thenright, so it's going to limit
even more.

Speaker 2 (31:15):
This is the supply which inflates the value there
you go told you, we should havebought something yeah, his
friend told him a long time ago,bobby being the skeptic he is.

Speaker 1 (31:27):
Well I mean in 2015,.
Nobody, I was like what do youwant me to throw my money at
this for?
But now, looking back, jeez, Iwish I had thrown a lot of money
at that.

Speaker 3 (31:37):
I wish I would have bought more Bitcoin and XRP.
We'd have a better house, yeahbut Bitcoin is how much now?

Speaker 1 (31:46):
It's a lot right, it's not.
It's not cheap to buy it's ahundred thousand dollars.

Speaker 2 (31:48):
Yes, it is 20 bucks.

Speaker 3 (31:49):
He's in seven bucks a day bitcoin.

Speaker 1 (31:50):
No, I'm buying just different crypto no, he's just
buying all these other types ofof crypto bitcoin's at like a
hundred thousand dollars rightnow.

Speaker 2 (31:58):
What I know?

Speaker 1 (31:58):
it's like a brand name almost no, it's a form of
digital currency.

Speaker 2 (32:02):
I just explained it's a digital currency.
Digital currency.
He's like.

Speaker 3 (32:04):
I just explained this , I'm going to slap the shit out
of you.
It's a digital currency.

Speaker 2 (32:07):
Okay, but they're all digital currencies.

Speaker 3 (32:10):
Yes.

Speaker 2 (32:11):
But Bitcoin's like the name brand.

Speaker 3 (32:13):
Well, it's one of them.

Speaker 1 (32:15):
It's like the first one right.

Speaker 3 (32:16):
It's like the grand prize it's only $100,000.

Speaker 1 (32:18):
Yeah, it's $100,000 right now for one.
Yeah, for one yeah 98 000 as oftoday yeah, it got up to like
110.

Speaker 2 (32:31):
It's come down.

Speaker 1 (32:31):
Oh yeah, absolutely, come on, you dilly dally in it,
I just I know my stuff, so beingable.

Speaker 3 (32:35):
So so what that's.
One thing I loved about with mypodcast is I had a lot of
families and individuals whosaid, hey, I want to learn about
crypto, but I know with yourindividual, you guys don't talk
about it.
That's true, so it's just not astaple, because crypto was
still young and it was very itwasn't regulated.
Now it's inside your 401k yourIRA Shut up.

Speaker 2 (32:59):
Yes, how did I not know that?
You didn't talk to me, yet youneed to get a better financial
advisor.

Speaker 3 (33:06):
That's that you didn't talk to me at all.
You need to get a betterfinancial.

Speaker 1 (33:08):
That's.
That's why.
That's why he's here that'sexactly why he's here.
That's why he's here, I mean heis.
He is kind of the first guy Isaw, at least down here, doing
crypto, crypto posts and stufflike that kind of promoting
product.

Speaker 3 (33:17):
We're not promoting products, just letting people
know hey, this is what it is weneed to get in on it yeah, we're
having a financial revolutionand so when you start so I like
to follow the money a lot ofpeople could say certain things.
People have their opinions andI get it.
Everybody has, and you know,the opportunity to voice their
opinions and I respect theiropinions.
I might not agree with it.
A lot of people are not thebrightest crown in the box.
However, I'll just be likethat's cool, speak your, speak

(33:38):
your piece.
But when you follow the moneyand you start, this is what I
love about what elon musk isdoing with our government
Following the money and the taxdollars where we're spending
money.

Speaker 2 (33:47):
All these different ridiculous places.

Speaker 3 (33:51):
And so when you start to see where the money is going
and how crypto actuallyfunctions and how banks are
using it our federal government,we're using it, the Silk Road,
how we have a lot of Bitcoinstored, there's no other option
other than cryptocurrency movingforward you just touched on a
pretty controversial topic there.

Speaker 1 (34:10):
All right, mr Mr Musk , I mean oh, yeah, he's uh,
doing some work on thegovernment, isn't he?

Speaker 3 (34:17):
yeah, well, we're all paying taxes.

Speaker 2 (34:19):
I'd rather pay taxes for the right reasons and I
would like, I like.

Speaker 3 (34:24):
I think everybody should support auditing where
our tax dollars go.
Yeah, that's the biggest thing.
Like the IRS is not in theconstitution and there's a lot
of departments that are not inthe constitution.
It's a bloated government.
And so I'd like to see okay, ifwe're paying for these and
we're funding these, where's allthis money going?

Speaker 2 (34:42):
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 (34:49):
We're always gonna have people saying yes and
saying no, absolutely.

Speaker 1 (34:51):
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 movefast.
Break it approach.
You know, like approach withcertain departments and the
federal government.
If you break shit, some peoplemight die.

(35:12):
Man, this is not a business.
I'm not laying people off.
There are people that couldseriously do a lot of harm.
So that's my concern.
I'm totally with getting rid ofthe waste, but, man, if
something goes wrong, I can seesomething really bad happening
and then that would be the endof Elon Musk and the government,
I think.

Speaker 3 (35:32):
Yeah well, I think the government's been wrong for
a while now.

Speaker 1 (35:36):
We've been through whether it's your red or blue,
either side, it's a hustleanyway.

Speaker 3 (35:41):
Yeah, that's what I love with my podcast.
So with my financial situationpersona and the business that I
have, it's very difficult to toethe line of being one-sided.
You don't want to say one thingbecause you don't want to
offend these families and a lotof families.
They have a certain way thatthey were raised and cultures
and you respect it, and youdon't want to walk in and they

(36:03):
say when in Rome do as Romans do, and so you don't want to walk
into a family and you want tohelp them succeed financially,
and even though you both agreethat, hey, maybe we should save
money and we should put moneyhere, but I say this about this
politician you think this andthen all of a sudden, we're just
not going to do business, well,nobody wins and in the end your

(36:26):
kids are losing financiallybecause we're just butting heads
politically.

Speaker 1 (36:31):
Yeah, and you don't want to do that.

Speaker 3 (36:32):
And there's a time and a place and so, as a
podcaster, it allowed me to makea new channel and be like this
is who I'm going to be.
Like this cap I'm going to bebecause when I went to, my major
in college was politicalscience.

Speaker 2 (36:46):
That's his.

Speaker 3 (36:47):
So I've always been into Paul I uh, Oscar Ortiz and
I, we've studied the budget atmy house in 2018 of Indio city
council and the policedepartment, and they're freaking
hardcore.
And we would follow the moneyand we would see where's this
money going, how efficientlylike.
Why is this cop making 150,000,$200,000 a year?
What are we doing?
Like with certain, and thenthings would be valid and we

(37:12):
understood okay, this makessense.
Um, so yeah, just follow themoney.
But being able to have apodcast allowed me to let me
take care of this family and saywhat I need to financially, and
then I could be political andbe on this channel like this,
and I never had to like mix thetwo yeah you know, sometimes I
do when people ask me to, butfor the most part I don't right
like I had.

(37:32):
I had somebody yesterday say hey, man, we haven't heard from you
too much.
What's going on?
What do you think about allthis?
We need to hear from youbecause nobody's giving us the
truth, and that made me feelgood.
I'm like, damn, people reallydo 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 mebreak it down financially, let
me stay in my lane and focus onthat.

Speaker 1 (37:50):
So all right, but in business you always want to kind
of stay apolitical right andstay in the middle.
You know, I tell people all thetime yeah, I don't care who's
elected president, I'm gonnamake money regardless on both
sides.
You just got to figure out howto make it right.
So I mean this show isapolitical.
So everybody watching, I don'tneed no need, no bots attacking
the show.
We're a political show, we'renot on anybody's side.

(38:13):
I'm here to inspire, educate andinform, but it's a very
important conversation.
I mean, we live in some crazytimes right now and there's a
lot of moving parts that aregoing on in our country right
now.
So Kyle is one of the guys.
If you want to follow some, getsome information on what's

(38:34):
going on.
He's somebody that you want tokind of reach out to and, you
know, even just follow.
Give him a follow.
He's going to give you somereally good information.
He studies this stuff.
I mean, I look to him forcertain things you know on the
crypto side.
I'm always kind of trying tosee what he's he's looking at
because you know you might beable to make a fast, a fast buck
there if you're quick enough,right yeah, absolutely.

Speaker 3 (38:47):
There's many different ways, um, and there's
a lot of information out thereand just keep your options open,
never be closed-minded.
You know your mind is like aparachute if you don't open it,
it doesn't work and always takerisks, okay, okay, I have a
question she's a risk taker okay, I have a question because
bobby laughs at me.

Speaker 2 (39:05):
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 (39:10):
I do my own thing.
I love Rich Dad, poor Dad, yeah, robert.

Speaker 2 (39:12):
Kiyosaki.
Amazing, I love him.
And you know what they taughtme was F your 401K.
And you know why?
Because you're only making like4%.
Blah, blah, blah, like go takethat money and go buy real
estate, but then you hate realestate.

Speaker 3 (39:26):
No, I do not hate real estate.
I'm a lone original.
I would love everybody rightnow If you want to buy real
estate.

Speaker 2 (39:33):
If you want to buy a piece of property, let me know.

Speaker 3 (39:35):
If you're looking, if you want to know how to qualify
, I got you.

Speaker 2 (39:37):
I love real estate.
Guess what I got my real estatelicense last year.

Speaker 3 (39:42):
Beautiful.
Oh my God, that's right.

Speaker 2 (39:45):
Because I told Bobby we're gonna.

Speaker 1 (39:47):
He wants to sell everything and I'm like no I
want to sell everything at theright time and I'm like we're
not selling that you're not, soI want to sell high and buy low
that's who doesn't.
But like no, you just want tohold on to everything, for I do
because I'm smart, so anyway,that's so.

Speaker 2 (40:03):
What do you think about that like 401ks, if you're
selling them?

Speaker 3 (40:06):
so I love 401ks because of the tax break of sure
the government.
So 401k is the tax code thatthe government inside their
their book.
You know, like a lot of peopleknow, like 187, when you hear
that, what that code means, Idon't know.
Maybe you know, but yes, so401k is the tax code for to be

(40:27):
able to put money in a qualifiedaccount, grow the money over
time and not have to pay taxeson that money.
So until you withdraw it,however, you could have a roth
401k all the money you put innever pay taxes on yeah, because
you already paid taxes when youput it in we have.
We have both exactly a couple soI love a roth 401k
traditionally and then also a401k traditionally gives you

(40:49):
free money.
I can't give you free money.
I don't know anybody who canlegally.
But if you have a job and let'ssay you guys with your business
and let's say he's an employeeof yours with your tile business
, you start a 401k you couldmatch.
He puts in three percent, youcan match three percent I
already do that.

Speaker 2 (41:05):
There you go for my employees, yeah so you're giving
them free money.

Speaker 3 (41:09):
They're earning free money in a 401k.
It's very like there's manypeople who I've, but it seemed
it all comes back to me is Iturn them away because I can't
give them free money?
They say I want to open a RothIRA with you.
I'm tired of investing $200 amonth in my 401k.
I appreciate that, but I can'tgive you that match.

(41:29):
They're going to give you amatch.
Let's talk once you leave thatjob.
They respect it and, like Isaid, we move forward.

Speaker 2 (41:35):
Okay.
So what about?
Because our people are sayingyou got to do a 401k.

Speaker 3 (41:40):
Your CPA.

Speaker 2 (41:41):
Oh, yeah, yeah.
Well, you have to do that foryou, if you have five employees
you have to no you don't youhave to do something, or do you
have CalPERS?
Yes.

Speaker 1 (41:49):
I think no, we have health insurance.
We have the health insurance.

Speaker 3 (41:53):
No, you have to do a retire Retirement.

Speaker 1 (41:55):
Oh, I know we have SEPs.
Yeah, we have retirement.

Speaker 3 (41:57):
Okay.
Sep IRA yeah.
Simplified Employee PensionPlan yeah.
So what?
That is the government?
California mandated aretirement plan.

Speaker 2 (42:05):
if you don't do it, then you get penalized I know a
lot of people that don't and I'mlike my way but I'm like,
that's how you keep goodemployees right, exactly what
we're talking about, absolutelyI mean, I want to keep my people
, I love especially if they'regood, and yeah, I mean I keep
them we should all be makingmoney.
We should all like be set upfor our you know, not demise but

(42:29):
you know when we retire, right,we?
Should, we should be doing that.

Speaker 3 (42:32):
Yes, I think I'll drink to that.
What about you?
Absolutely yeah.
I believe everybody should havea 401k if it's offered to you
through work due to the factthat they give you benefits with
the free money.
Other than that, you shouldhave a private investment,
whether it's real estate or anIRA stacks, bars of gold, things

(42:53):
of that nature.
So what you're saying isdiversify, like any good
financial.
Don't put all your eggs in onebasket, not too much.

Speaker 1 (43:02):
Too much in real estate.

Speaker 2 (43:03):
Hard money loans.

Speaker 1 (43:03):
That's the first thing.

Speaker 2 (43:05):
I love it.

Speaker 3 (43:05):
She loves hard money loans.
If you know how to work it,flip it, use it.

Speaker 1 (43:10):
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 somegoons to go collect that, the
big worm said Come on what.

Speaker 2 (43:22):
Big worm.

Speaker 1 (43:23):
Oh, playing with your money, Is that playing with my
money?

Speaker 2 (43:28):
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 tolike my childhood, right, like I
always grew up in an apartmentcomplex, 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 bestdecisions for me myself and my
family, right, and I need toteach my children how to do the

(43:50):
same thing, because you knowmama ain't gonna be here forever
, so we gotta we gotta make themit's all about education
financially uh independent therethat's right.

Speaker 3 (44:00):
that's that's what I believe.
Why cell phones are so valuableis because we could, you could
be educated, and you couldeducate yourself in just a
matter of seconds, sure, then,listen to a podcast, or put
yourself on a podcast and putyourself 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.

(44:22):
And so just being able toexpose yourself and being able
to say, hey, even though I don'thave it all figured out, I
don't have it all together, if Ijust put it out there, somebody
there's 333 million people inthe united states, somebody
there's a nice person who mightsay, hey, why don't you try this
way?
Thank you, now you're doingthings better.

Speaker 1 (44:41):
so now the age of connectivity is here, man.
I mean you can learn anythingon, yeah, on your phone, on
youtube.

Speaker 3 (44:49):
I mean it's like could you imagine back in the
day you had to write letters?

Speaker 1 (44:52):
Oh man, Imagine Kind of romantic you had to go to the
library and look up a book andread the book.

Speaker 2 (44:58):
Who's going to do that?
We used to have encyclopedias.
They were freaking interesting,you know.

Speaker 1 (45:04):
You used to read the encyclopedia.

Speaker 2 (45:05):
Oh shit, how old am.

Speaker 1 (45:06):
I am I.

Speaker 2 (45:07):
You're giving away your age, right now, I don't
care, it is what is it?

Speaker 3 (45:09):
I can't change it hey , hey, britannica I remember
william wallace watching themovie uh braveheart.
Oh yeah, using my encyclopediabut see nowadays you can just
that's.
That's why I love the internet.
Is you just download anythingand just a great source of
information the age of digitalinformation.
Man I believe I owe it to mysociety and the community to

(45:31):
give back and share myinformation.
Whatever I've learned, I got toshare it.

Speaker 2 (45:35):
Okay, I have a question.
It's not fair.
So where are you learning yourinformation and how do you know
it's the right information?
And do you go to like classesabout this stuff?
Because, like I'm a tile nerd,I just came back from Cancun and
learned about all kinds of coolshit that's coming to our, to
our um, our market.
So I mean, like that's what Ido, because I service um

(45:57):
interior designers, builders,architects, right, so to me I
feel like it is my job to givethem the know of what's coming
down right because they got amillion other things going on
and I'm very specialized.
So what do you do to?
That's a long question.

Speaker 3 (46:14):
Yeah, no.
So I love absolutely.
You have to continue to informand educate yourself.
So, for instance, when GavinNewsom made the requirement that
every business in Californiamust have a retirement account
if you have more than fiveemployees, I read just hundreds
of pages of first the bill, whatit meant, and I would read the

(46:35):
actual bill oh shit so thelegislation I'd fall asleep so,
going back to kind of how I?
um, I guess the gift and thecurse is I could just read
things very fast and people justbe like dude, you finished?
Yeah, I finished that.
No, you're bullshit.
I read it, I could tell youwhat's in it and I could just
like I said it's I don't know.
I could just dissect it and itis what it is.

(46:57):
And so it's a gift being ableto just read and read through
pages and pages of whether it'sa bill and legislation.
That's why I like political.
So I could read through thislegislation, fine, and I could
understand and grasp it and thenanswer questions about it.
And then so that's number oneyou have to read the legislation
.
What is law?
Not what this political punditsays.

(47:17):
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, Idon't.
No, no, no, gang war to me.
I'm an.
I used to write op-ed.
I still do write op-ed, so I'mas good as those columnists that
are writing to.
So who are they?
I want to know what the actualbill says.
So I read that stuff first off,then I read what when it comes

(47:37):
to the law.
So then I say, okay, this iswhy American Express, bank of
America, they're not promotingcrypto because it's not law,
however, financially.
Then I start to see where arethey making their money?
I'd like going back.
You follow the money and youstart to see, wait, they're
making all these payments andthey're doing this, and what
remissions here and dividendshere and what contracts, what

(47:59):
are we doing?
And you start to see, okay, ifthe money is here, that's a
contract that's legit,handwritten.
Okay, so that's another thing.
So I start to see the contractsthing.
So I start to see the contracts.
Then I start to see differentbooks on political views of this
is maybe, you know, hyperboleor this is maybe conspiracy
theory or this could possibly bean idea of what may happen, and

(48:23):
I'm like, yeah, that's kind ofyou know what each person is
saying, because you know there'sthree sides to the story your
side, my side and the truth andI put it all together and then I
start to make my own ideas ofthis is what I think is truly
happening.
And so then I present my ideason the podcast, but, like I said
, I usually use court number onewhat's going on on legal

(48:46):
documents and then I'll followthe money.
Those are the two things I uselike today all my whole social
media following the money of ourtax government we're.

Speaker 2 (48:58):
I don't even get into the political side, but where
it's all going.
I posted that, so why don't?

Speaker 3 (49:00):
you become a lawyer.
That's actually one of my, mygoals.

Speaker 2 (49:02):
I was gonna say my grandfather because if you can
read boring shit like that andthen tell layman's like me,
that's true, you got my business.

Speaker 1 (49:09):
You know what I'm saying, because that's basically
what a lawyer does.
That's basically interprets thelaw.
He's a law, interprets it, thenadvises clients.

Speaker 2 (49:17):
That's basically I can't read or I'll fall asleep.
Literally I have to downloadheadway because it just sum it
up for my little p brain that'swhat I do.

Speaker 3 (49:26):
so being able to read , you know, like 401k statements
or whatever.
And then I say, or like a lifeinsurance policy, whatever, a
loan, whatever it is, and beingable to read 401k statements or
whatever a life insurance policy, a loan, whatever it is, and
being able to tell you these arethe benefits, these are the
responsibilities, issues I don'tknow, but see to me I wanted
something that's duplicatable.
I'm not so sure the next guyfollowing me can do all that.
I would hope.

Speaker 2 (49:47):
What do you mean?
The next guy?

Speaker 3 (49:50):
I want to teach my skills to somebody else.
I don't want to be this onlyperson who could, you know, set
somebody up financially and helpother people.
I want to be able to teachother people, I want to pass the
baton to somebody else andbeing able to just clients, you
mean somebody else who wants todo what I do yeah, but well,
yeah, they'd have to want toread contracts that's, but there

(50:11):
are people like that, it's justyeah, yeah, I get it you know,
unfortunately, I've come acrosspeople and it's like their
retention level might not bethere, or but they're great at
other things that I can't do.
You know, they're great attalking 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 ninthgrader could walk in and they

(50:32):
could do it, and that's how Itry and teach finances is.
A ninth grader can understandcrypto, they can understand a
mortgage statement, they canunderstand a credit card
statement.
That's how I like to explain it.

Speaker 2 (50:44):
I can't believe the interest rates on some of these
credit cards.
You know you go to likeHomeGoods.
Talk about it.
Interest rates on some of thesecredit cards.
You know you go to likeHomeGoods, talk about it, that's
one of my favorites.
And they're like would you liketo sign up for your thing?
You get 15% off and I'm likehell, no, I'm not paying your
interest rate.

Speaker 1 (50:58):
Yeah, because they're usually like 12%.
No, it's like 23% 23%.

Speaker 3 (51:03):
That's my ass.
Credit cards are in the 20percentile, oh yeah, it's stupid
, so I tell my girls do not getcredit cards and credit card
debt all-time high.
The amount of people that areborrowing money?

Speaker 2 (51:14):
Yeah, hello.

Speaker 1 (51:16):
It's not sustainable.
No, it's not.
I mean they're there to makemoney off your bank.
Well, no, I'm saying, if creditcard debt is at an all-time
high that's not sustainable.
That just means everybody'sbroke really Like.
Everybody's net worth isactually negative if you're
borrowing on credit cards.

Speaker 3 (51:34):
A lot of people that's exactly right, broke ass.

Speaker 1 (51:37):
I mean, that's kind of scary.
I mean, cash flow is king.

Speaker 3 (51:41):
It is, and I've seen a lot of and.
So this is some things I can'tsay on podcast, or I can't.

Speaker 2 (51:50):
Can you say it in Spanish?

Speaker 3 (51:52):
Maybe, but even that could'll be held because now our
, now our tests and licenses arein spanish also, so I might be
morse code gotta learn that onehe's like those girls too much
anyway, yeah, yeah, but that's apretty scary stat, that
all-time high I mean.
Yeah, it's pretty scary theamount of debt even our
institutions, regional smallbanks, the amount of loans that

(52:15):
they have, commercial banks thedebt is ridiculous and they're
refinancing it at these highinterest rates that we're
talking about.

Speaker 1 (52:23):
Yeah, that's not sustainable either.
No, no way.
Well, now that you've given usthe good news, yes, what is the
good news?
Yes, what is the good news,though?
I mean okay, so you know, aswe're starting to get towards
the end, what is the good newsis, we know kyle yeah, well,
what's the what's the good newsfor the future?
You're seeing like buy crypto.

Speaker 3 (52:43):
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 governmentgets audited at Fort Knox, or
the financial institutions thatsupposedly hold our gold, I'm
not so sure how much they'regoing to find.
Really.

Speaker 1 (53:02):
Yeah, you think that's all fraud, huh, but where
?

Speaker 2 (53:04):
would it go?
Where would it be?
Or they're just like made upfreaking bars.

Speaker 1 (53:09):
Who's counting it right?
Who's counted it?
When did they count it?

Speaker 3 (53:12):
when's the last time it was audited?
How do we know what's in thereand it's other valuable assets?
Where is it exactly?
Fort Knox, check it out.
Is that really?

Speaker 1 (53:20):
that's really where we hold all the gold.

Speaker 3 (53:22):
I mean it was at one point a certain thing, but then
they moved it around.
You know there's many differentlocations throughout the country
, but it's just when I say FortKnox people can you know our age
?
They understand like Fort Knox.
That's supposedly where all thegold is right.
Remember, was it Die Hard amovie?
They're talking about Fort Knoxand selling the gold out there.
That's a movie we grew up on.
But yeah, physical gold and Ithink gold right now is at an

(53:45):
all-time high, is it really?
Yeah, I'm telling you I believea lot of people have understood
that I've been saying for thelast three years is, especially
during code, is you need to buyphysical gold?
It's the best way to store anasset over time.
When everything else crashes,gold does not go down, even if
it if you buy.

Speaker 1 (54:04):
You know, let's say, like a thousand dollar necklace,
if you sell it a year, twoyears from now, it's not gonna
be worth a thousand dollars wellit'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 goingto be gold yes, yeah, because it
makes your neck all yellow atthe swap meeting might not but.

Speaker 3 (54:22):
But that's the thing is like.
I bought this gold necklace forthis.
You know I'm going to sell itfor very close to this or you on
what happens to it, but itstores value over time and, like
right now, gold is a lot morethan it was two years ago.
So I would recommend youcontinue to buy gold.
Well, like gold where or if youwant to buy stocks of gold, so

(54:43):
you could buy gold.
I want a gold brick.
Jm Bullion, jm Bullion.

Speaker 2 (54:45):
I want a gold brick.

Speaker 1 (54:47):
Yeah, j, I want a gold brick.
Yeah, j and Boy, you can buy itreally, yeah, just go online,
buy me one.

Speaker 2 (54:50):
Yeah, valentine's Day is coming up you want a gold
brick put a red bow on it.

Speaker 3 (54:56):
I'll be like woohoo, gold, people watch, I'll send a
link and we'll post it righthere.
Boom, you can put gold, buy itright there.
Yeah, I'm actually so.
This is one of the things I'mworking on my podcast different
gold associations to be able tosponsor and say, hey, if you use
this promo code, you might geta discount nice, that's what I'm
working on get a commission yes

Speaker 1 (55:14):
that's exactly what I'm working on.
You don't work for free.

Speaker 2 (55:16):
Is that not my hobby?

Speaker 1 (55:18):
yes, loop us in, man, yeah yeah, the gold bureau
there's.

Speaker 3 (55:22):
There's a few that I really like, and so they'll send
you little, small, littlethings of gold.
Big things of gold.

Speaker 1 (55:28):
Yes, store gold okay, not a good advice, man, not a
good advice, like I said withcrypto, real estate.

Speaker 3 (55:34):
I love real estate.
However, with the amount ofinventory that's coming on right
now, I still think I wastalking to my buddy today, eric.
I still think the values aregoing to continue to drop.
They've been dropping, which ispretty nice, like 15% to 20%.

Speaker 2 (55:49):
Has it been 20%, I don't care In certain areas
around the country.

Speaker 3 (55:52):
yeah, yeah.

Speaker 2 (55:53):
I don't care.

Speaker 3 (55:53):
So I mean, this is political but certain states did
not shut down during COVID.
You could figure out which oneson your own.
Certain states were very strictduring COVID and so the amount
of building that happened overthat course of time was more or
less.
And so certain states statesthey have a lot of inventory
because they kept building.
They said covid, we're notgoing to stop, and they have

(56:15):
thousands of houses on themarket.
Inventory going up, supply up,demand is still kind of low
because interest rates are veryhigh.
Right, I think the average youneed um 109 000 to qualify for
the median size home in theUnited States, but the average
median size family makes $63,000.

(56:36):
It's a big difference, hugedifference in what you're
supposed to qualify compared towhat you make.
And so certain states very muchaffordable.
Certain states are not.
However, locally we start tosee by Costco, there's those
apartments opening Off of Cook.
There's those apartmentsopening, uh, off of cook,
there's apartments, and allthroughout the valley apartments
, yeah, right here in palmdesert too, right right off the
freeway.

(56:56):
There's a lot going up, soexactly inventory is going to be
high exactly, but who's tryingto buy when you're paying six,
seven right now, 6.9?

Speaker 2 (57:04):
companies big.

Speaker 1 (57:05):
I think they're the big companies they're trying to
like black or the black rocks ofthe world, and all the but even
then, they bought up so much inthe last couple of years.

Speaker 3 (57:13):
Going back, they have a lot of loans that they have
to refinance, so they'reoversaturating and going to
start selling Liquidity.

Speaker 1 (57:19):
Liquidity, that's the word of the 2025.

Speaker 3 (57:22):
That's exactly the word of 2025.

Speaker 1 (57:24):
Liquidity.
Liquidity, that means cash.

Speaker 2 (57:27):
No shit, I know what it means.
So Bobby keeps saying we needto sell our old house, right,
and I'm like okay, let'snegotiate.
The only way I'll sell thathouse is if I get a fourplex.
And then I'm trying to get himto let us move into one of the
oh, hell no.

Speaker 1 (57:44):
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'ttrying to go to an apartment,
it's not an.

Speaker 2 (57:49):
RV.

Speaker 1 (57:51):
No, yeah, we got too many bad kids in the house.

Speaker 2 (57:53):
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 (57:56):
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, Iwould probably sell it now, um,
and then buy when everythingcontinues to drop in value.
Like I said, liquidity,liquidity, the invent a lot of

(58:19):
these small banks, the pounce,yeah, a lot of these small banks
, and and I've got investmentsfor right.
So being able to right, so beingable to pay your bills on time,
is a big deal in the bankingworld and a lot of these banks.
They don't want to pay highinterest rates.
However, they have to refinancethese loans, and so they've

(58:40):
already worked with the stateand government agencies to turn
commercial buildings intoresidential properties, because
they're it is so bad already Atmalls Anything.

Speaker 2 (58:50):
Right, they need to turn this space.

Speaker 3 (58:53):
Because they're at such a loss that it would
cripple the financial industry.
Oh my God.
Now there's a few banks likethe top five banks, chase, bank
of America they're fine.
But a lot of the communitybanks and regional banks.
They're upside down on a lot ofthese commercial loans Because
they got a loan or they weregiving out a loan.
Let's say I loaned you money.
Let's say I learned you amillion dollars at one percent

(59:14):
interest cool, I'm making onepercent off you.
But then now interest rates aregoing up and I have to pay back
five percent to whoever I'm ata loss yeah, absolutely and so
that's what's going on andthey're trying to find ways in
order to make more residentialso people can.
The cost of living is alreadytoo high, so they want to make,

(59:36):
you know, big old buildings thatwere used for office space, but
everybody left the officesduring COVID they worked from
home and so now those officeswere empty.
So now people weren't payingthe rent on those offices and
then they had to keep thoseloans and now the rent, the
loans, went from 2% a year nowto 7% interest.
The banks are like whoa,they're halfway empty because

(59:59):
people working from home thisand that.
Like, what do we do?
Let's just sell it?
Well, they can't really sell it.
Long story short, nobody'sbuying millions of dollars.
I posted on my channel millionsof dollars of real estate in san
franc, downtown san francisco,pennies on the dollar really
compared comparative yes we dolove san francisco and and
that's just to me like one ofthe first like shoes to drop is

(01:00:21):
like a big metropolitan, like abig area, like that.
It's like you can buy this forthat yeah, that's gonna throw
the whole market into panic,though, right, that would just
be like a domino effect afterthat, right yeah, one of the
wealthiest cities, being cheaplike yeah, well it's sinking,
you know yeah, because you couldalready see florida, texas,

(01:00:42):
kentucky, a lot of differentcountries, I mean a lot of
different cities and countiesaround the country that are
already dropping in value, andthen when you start to see some
of these high price areas, thenyou're going to be like, oh wait
, hold on.
What's really going on behindthe scenes?

Speaker 2 (01:00:58):
Follow that money.

Speaker 1 (01:00:59):
Something to look out for out there, man, I think.
Uh, so a lot of goodinformation today.
I mean you're going to have towatch this one twice to kind of
get everything, because there'sa lot, a lot of good information
here.
Kyle, where can people find youif they want to get in contact
with you and kind of pick yourbrain or maybe maybe get you on
their team to kind of help themsave for their retirement?

(01:01:20):
How do people reach out to youand find you?

Speaker 3 (01:01:22):
yeah, definitely.
You can find me with desertadvisors on youtube and
instagram and tiktok, so that'swhere you can follow me.
Every day, I'm buying $7 ofcryptocurrency and then you
could see a lot of people ask me.
They'll ask me questions aboutthe tariffs.
I'll explain what a tariff is.
They'll ask me certain thingsabout retirement accounts, life

(01:01:43):
insurance benefits, and I'lltell them so.
Desert Advisors.

Speaker 1 (01:01:47):
Desert Advisors.
People go out there and checkthem out.
This guy's a wealth ofknowledge.
We're really lucky to have himcome in.
Thanks for coming in today.

Speaker 3 (01:01:54):
I love you guys' studio.
Thank you I appreciate it.

Speaker 1 (01:01:56):
We love having you.
You're the first real guest inhere and hey, man.

Speaker 2 (01:01:59):
Yeah, season two, you're the one.

Speaker 1 (01:02:02):
It was a very informational and great
conversation, so thanks for.