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And these are just assumptions that we have as a collective society.

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The idea that you climb the ladder to success.

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The thing is, you do this a few times in which you realize that at the top of every ladder is another ladder.

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Like, it really doesn't end.

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And so we encourage people to ask the question, who built this ladder?

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And whose does it serve?

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There was a point where college did work as a solution.

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Today, 53% of Americans go to college.

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Loads of student debt that will be a burden for the rest of your life.

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Today with AI, those entry-level jobs are going to be wiped out.

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They're already being downsized.

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I love the idea of somebody who's an expert generalist,

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somebody who basically understood a broad base of things

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and then was detail-oriented enough that they could go

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and go drill down on any issue they needed to,

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but could see how the things connected together.

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And that kind of person is always valuable.

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Have is a byproduct.

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Do.

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Targeting the have, like making that your focus, is a huge mistake.

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because the greatest manifestation of masculinity is the ability to say, no, I will not do that.

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There are basically more slaves alive today than have ever existed on earth. They just don't know

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they're slaves, but they do recognize their dependence, their dependence on the...

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Welcome back to G'day Bitcoin. Join us today is Matt Smith, a serial entrepreneur,

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college dropout, living in Uruguay, setting up a regenerative farm. Matt Smith, co-author of a

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life-changing book titled The Preparation, How to Become Confident, Competent and Dangerous.

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Co-authored with his son, Maxim and Doug Casey, it's a guide for young men on how to become an

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entrepreneur and not stuck in the rat race to become great, the modern day renaissance man.

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Matt, in a recent interview, you said, it always looks like a failure until it becomes a success.

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Everyone thought I was screwing up until I became rich. I mean, that's how it works.

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The old way, it no longer works.

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So Matt, what is the old playbook?

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Why doesn't it work anymore?

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And what's the new playbook look like?

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What should people be doing instead?

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Well, you know, the question is, did the old playbook actually ever work?

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I'm not sure.

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You know, some of the things we do in the book is trying to dispel myths about how the world works.

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And these are just assumptions that we have as a collective society.

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And one of them is the idea that you climb the ladder to success.

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starts when you're in, you know, before you go to college, in school, where you're,

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you know, you are supposed to pursue good grades. And, you know, if you do the right things,

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and you please the right people, and you get, you know, test well, then you get to a point where

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you then you're at the top of the ladder, now you get to go to a good college. And this is how life,

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this is how people believe life really works. So you then now you're at the top of that ladder,

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now you go and you climb the next ladder. The thing is, you do this a few times,

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in which you realize that at the top of every ladder is another ladder.

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Like it really doesn't end.

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And so we encourage people to ask the question, who built this ladder?

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And whose does it serve?

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To whose benefit accrues from my climbing of this ladder?

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And I would say it does not in any way benefit to the individual that climbs it.

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I think of all the remarkably successful people I know, I don't know any that did it by climbing ladders.

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Not to say they didn't climb at any point in their life, but their success is in no way attributed to ladders.

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And so I think that's one of the big myths that we try and dispel.

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And I think that there was a point where college did work as a solution because college wasn't, it differentiated you from most people.

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Today, 53% of Americans go to college.

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It's like the vast, you know, if you have a pulse, basically, you're expected to go to college anymore, and you will get accepted at one or another, and they'll load you up with, in the U.S. at least, loads of student debt that will be a burden for the rest of your life.

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So I think that burden of debt is something that made it different than before.

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And the fact that it's not rare anymore to have a college degree makes it different now.

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So there was a point where I think it probably was more valuable than it is now.

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But now I think it's really hard to justify the time and capital required to do it.

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And I think there's even worse parts of it.

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I mean, you subject yourself to further indoctrination about certain ideas, good ideas, what's right

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thinking, what's wrong thinking.

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That's a very dangerous environment to be in because it actually does affect you, even

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if you don't think it does.

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It really does change you.

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I mean, we are humans. We're weirdly shaped by those around us.

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I mean, I talk about Rene Girard and his ideas of that humans are the only species that doesn't really know what they want.

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And in order to figure out what they want, they look to others and what others want around them to figure out what they want.

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And that's a recipe for disaster in general.

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It's called these mimic desires that we all end up having if we're around certain people.

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Actually, whatever people are around, we are likely to start to want the things that they want.

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If you have a bunch of friends and you go golfing every Saturday, you're going to be talking about buying new golf clubs.

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It's just what's going to happen.

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Anyway, so I think that the old way doesn't really work anymore at all.

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And you see this by the fact that the unemployment rate among recent college graduates is significantly higher than the unemployment rate of other populations in the United States now.

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I think that makes it clear that it doesn't work anymore.

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I think that AI, if you just, I think we're already seeing the effect of that.

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I think it's part of the reason why the unemployment rate is so much higher.

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But I think the unpredictable nature of the future today with AI makes it so that the idea of studying something like finance, which was the path to the most lucrative career over the last 20 years, is now actually very risky because those entry-level jobs are going to be wiped out.

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They're already being downsized.

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And so, yeah, it doesn't really work anymore. And what has always worked, though, is to become a competent, resourceful individual. Like that person does well. And, you know, I've hired thousands of people in my life, thousands of employees. And I could tell you that, like, I never looked at college degree, but I would test for things like resourcefulness.

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I love the idea of somebody, the name I came up for him was an expert generalist, somebody who basically understood a broad base of things and then was detail-oriented enough that they could go and go drill down in any issue they needed to, but could see how the things connected together.

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And that kind of person is always valuable. And I think the book, the preparation is designed to give a young man loads of experiences, unique experiences that in total end up something like a hero's journey, which I think every man definitely is.

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And I think no man is satisfied until he has it.

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And so it does that, but it also gives you an understanding of how so many different things work,

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that you will not approach the world as an idiot who basically only understands how to get food by Uber Eats

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or only understands, you know, I mean, you're so overly specialized that you don't understand anything

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outside of what's absolutely necessary for you to know.

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And so the whole world is open to you.

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You have skills and competencies to interact with that world successfully.

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Yeah, I agree.

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And what I was saying in the intro,

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being one of the most unique books that I've ever read,

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the way that it's written, there's like part one and part two.

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And part one like lays out, I guess, the philosophy behind it.

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Then part two is the practicality.

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I think let's start a little bit with part two

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and then we'll come back to part one.

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I've got some amazing quotes that I've highlighted,

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but it goes through these different cycles is how you define them.

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And am I correct that they're three months or 16 weeks?

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per per cycle yeah it's three months three months so 12 weeks 12 weeks and some of the most exciting

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ones are um fighter pilot rancher ent and stuff there's a whole lot to go through i guess why do

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you choose what you've chosen what did you choose um and i guess like what what are the lessons that

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a young man or any any man really could go through your same people in their 70s been going through

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it. I think if people looked back at their life and they just went through those cycles, they'd be

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like, that's a life fulfilled. Like let alone starting your life with that. I think that's

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incredible. But I guess why specifically those cycles and what's the takeaways for someone going

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through those cycles? Well, yeah, we chose 16. I think we could have chosen a different 16 and

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still made it work. It's not like there's something special about these 16, but the

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combination of them all together is what really makes it really, really interesting. I mean,

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you will be the most interesting person you know for sure if you do this. And I can say this,

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my son was our guinea pig for the last two years in doing all of it, making sure, first of all,

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that we were, my primary concern, the reason I wrote the book was because my son had a problem

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at 17. He didn't want to go to college. He had a lot of anxiety about what to do. I mean, it was

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really messing with him. I mean, I could feel in him the problems. I could feel the struggle he was

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having with it. And so I felt compelled to get back with Doug Casey and pick up this book he'd

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always wanted me to write with him. For the last 12 years, he'd been trying to convince me to write,

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which he called the Renaissance Man, although young men today don't know what that even means.

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So I said, that can't be the title. They don't get it. They don't even get it. And they haven't

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had exposure to it. So when Doug first explained to me the book, like how all these cycles tie

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together. He said, the book is about the three most important verbs in every language. He said,

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it's be, do, and have. At first, when he told me this, I didn't even understand what he was talking

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about, actually. Like, can you explain more? And he said, I'm not really sure. So he kind of left

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it to me to try and figure it out, really, over the last dozen years. You know, and I think I

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think I pretty, obviously, I had to really get it before we could write the book. But fundamentally,

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have is what motivates most people.

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And it makes sense. Why?

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Because, you know, we're, again, we get our

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wants from others around us. Those wants

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are generally external things. Those are things

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that you can have. They're possessions. So we want a

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nice car. We want a nice house.

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We want a beautiful spouse. You know, stuff

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like that. These have, have,

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have. And especially in our consumer culture,

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this has been just amped up to

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11, the haves.

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The problem is nobody ever explains

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that have is a

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byproduct of do.

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You know, it's like a consequence of it.

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And so it's targeting the have, like making that your focus is a huge mistake, especially

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for a young man, but really for all of us, because it's just a byproduct.

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And there's nothing more than having a lot of stuff.

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I have a lot of shit, but it was a byproduct of doing.

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And for a young man, this is good news, because doing is what you can, what you're best suited

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for as a young man.

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You have literally unlimited amounts of energy.

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You have no liabilities.

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And you could, you know, there's no restrainers.

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I mean, you know, as you go through life, you build up responsibilities, like things you just got to take care of.

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I can't just walk away and be gone for three months or studying Muay Thai in Thailand.

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Like, I just, that's not going to work with my obligations.

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I feel you on that.

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The joys are grown up.

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The older you get, man, they just stack up.

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And their choices, you know, their responsibilities we chose to take on, but they're important to us.

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And so we can't simply abandon them.

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But when you're a young man, you have unlimited energy.

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You're open to novelty in a way that you will not be as you get older.

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You know, you just start closing yourself off more and more.

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It's a mistake to do it too much, but it's just natural that it happens.

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And so the book is The Do, which is what most of the book is about, is what exactly to do, is the operative.

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This is where a young man's power is.

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If it's focused in the right way, it can produce remarkable results.

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But The Do isn't the most important.

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The most important is Be.

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B is all that really matters.

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And so to do, to get there, to explain the B, to try and get to even enter that conversation

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with young people, we actually have them do an exercise that might seem trivial to most

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people, but I actually think every person should do this, not just young men, is to

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develop a personal code.

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And a personal code is three parts to it.

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Let's explain briefly.

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The first part is that you, and I hate, I should say, I hate rules.

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Like I'm an anarchist, you know.

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I don't like regulations at all. I don't like rules. However, I realized a long time ago that

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the rules I set for myself were powerful and useful and worked toward me getting done what

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I'm like, go to the world experts.

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That is the Bitcoin way.

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So reach out to the Bitcoin Y today.

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And so what we ask a young person to do is just to look at their, pay attention, essentially, in their life and notice the moments that they feel small.

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Like, what did they do that caused them to feel small?

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You know, what things do they do that might make them feel a little bit ashamed?

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Even if the rest of the world has no knowledge of this stuff, you know.

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So to write those things down and stop doing them and stop doing them.

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And this is super, it seems trivial, but it's super important because this is actually the

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formation of self-esteem.

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Because this is now, you're not going with the flow anymore.

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You're actually drawing a line in the sand and saying, no, no, I don't do that kind of

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thing.

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And it could be from being a liar, from lying.

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It could be bad habits like sitting and scrolling on your phone all day, whatever.

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Whatever it might be.

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And they're different for everybody.

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And only you would know what yours are, the things that make you feel small.

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But just deciding then that I'm not going to do those things anymore develops this beachhead where a great self can be built upon.

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And so you have to start there, these basic rules.

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From there, what we do is we expose people to the ancient virtues.

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And surprisingly, most young people have no exposure to them whatsoever.

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They're not virtues.

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They're not taught in school anymore.

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Why do you reckon that is?

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It's not useful for the school to teach you virtues.

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I think the whole system is designed to make you a cog in a wheel, okay?

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Like, they want you to do your part where you're creating enough value that it supports the system.

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And they don't want you to really be a rabble rouser.

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They certainly don't want you to be the kind of person who really knows who they are and believes in virtues and is able to draw a line in the sand and say no, which is the most masculine thing.

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That's the greatest manifestation of masculinity, I think, is the ability to say, no, I will not do that.

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I don't care what you do.

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I'm not doing that.

246
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I'm not going to participate.

247
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But that starts with being.

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Being is the key.

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And so the virtues, being exposed to the virtues.

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And we ask them to pick some that sound, that call to them.

251
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And, you know, we ask little kids.

252
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Do you have any kids, by the way?

253
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No, I don't.

254
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Okay.

255
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So, like, when you're really little, people ask you, like, what you want to be when you grow up.

256
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And the answers are Spider-Man or a fireman.

257
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Astronaut.

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An astronaut.

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Those are the most common ones or Superman or whatever.

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And the thing is, is that like for a young,

261
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what the kid is saying is he's saying virtues.

262
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He's saying the things that he thinks are virtuous.

263
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He's not saying a job, but that's what, to him,

264
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these are symbols of some virtues in his mind.

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And as you get older,

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we still ask that same question of young men,

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but the question becomes a lot more serious and answers like astronaut or things that like that

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they might associate with virtues seem absurd and they are expected to be a lot more reasonable

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and to choose something that will get them to a job and uh and so and i think that's a totally

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the wrong question the question you should as the kid gets more mature and is no longer thinking of

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astronauts and firemen the question should be what kind of man do you want to become because that

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gets them back to these virtues, gets them back to these things that are truly motivating for a

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young man. Like they want that. They want to be somebody. And everyone knows, everyone knows

274
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in their heart to be somebody, you have to do something worthy. And so that's what they want.

275
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That's what they really want. So ask people the right question is very important. So anyway,

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you have the virtues in there, which some of them will call to them. Some of them won't. That's fine.

277
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pick the ones that they do. And then after that, they start listing their actual competencies,

278
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which if you actually exercise, if you do what's in the preparation, they stack up super fast.

279
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And then with that, I mean, you become a whole person. You become a unique individual. You're

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no longer going with the flow. You are a different individual. You are not the same as your peers.

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In fact, your peers will likely change utterly in the process.

282
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There's one quote that you had, and it's sort of coming back to the virtues.

283
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What we do when fate comes in is completely up to us.

284
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We don't have control over the world, but we always have total personal agency.

285
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And whatever fate may bring, we have the opportunity to be virtuous in our thoughts and actions.

286
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Our reactions are totally up to us.

287
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Our fate, as harsh as it may appear at times, is always an opportunity for personal agency and grace.

288
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a more fatty love of fate is a simple idea with profound implications. When people go through a

289
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program such as the preparation compared to the school system, the way that I see it,

290
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because I was also, I left high school halfway through year 11, we go to year 12 here in Australia.

291
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I just didn't see the point of being indoctrinated so much. And I just,

292
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because the circumstances and stuff, I'm like, I want to be free in my life. I need to be able

293
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to make money so i left school started an apprenticeship as getting like four dollars

294
00:19:52,414 --> 00:19:56,574
six an hour or something and i'm like it's absolutely ridiculous i'm going to go do

295
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something else and i didn't really have that uh virtual guiding principles and my friend group

296
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wasn't wasn't great either so i i lacked that um but compared to and then developed it obviously

297
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and we can go on into like by doing things very much like a lot of the things out of the book is

298
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what I started to do and to be able to stack up and then to be able to self-reflect and gain those

299
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virtues. But if I was just to go along with the normal grind and go through school and then college

300
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and stuff, there is so much indoctrination. But I really feel like what you're saying is a cog in

301
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the wheel. It almost feels like they're just trying to breed like a modern day monetary slave.

302
00:20:39,114 --> 00:20:44,834
Well, as a Bitcoin guy, especially, that must seem super obvious.

303
00:20:45,834 --> 00:20:47,434
You know, I totally agree.

304
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It is a form of, I think there are basically more slaves alive today than have ever existed on Earth.

305
00:20:55,474 --> 00:20:56,974
They just don't know they're slaves.

306
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But they do recognize their dependence, their dependence on the system, their dependence on their paycheck.

307
00:21:04,254 --> 00:21:09,014
You know, how do you get a lot of good people to do bad things, as we saw during COVID?

308
00:21:09,114 --> 00:21:13,214
well, their paycheck is dependent on it and they've got a mortgage and they got, you know,

309
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just following orders.

310
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Free die nuts.

311
00:21:15,794 --> 00:21:21,094
Yeah, exactly. It worked. You know, so I think people are deeply dependent. The system

312
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creates dependency. And, you know, our program is designed to create individuals. And when we

313
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refer to dangerous, competent and dangerous, really what we do mean, we use dangerous in a

314
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couple of ways for a couple of reasons. One, it appeals to all men. I don't care who you are,

315
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that idea of being dangerous appeals to you. And even though you can't define it,

316
00:21:42,874 --> 00:21:47,914
you could, but even undefined, it appeals to you. And so trying to obviously cater to

317
00:21:47,914 --> 00:21:54,414
the audience in that. But in practicality, we do believe, and obviously you should be able to

318
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defend yourself and others from a physical standpoint. And that's a big part of the

319
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preparation. But beyond that, what's really dangerous is someone who knows who they are

320
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and can think for themselves, somebody who is independent.

321
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And that's the goal of the book is to create individuals like that.

322
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Yeah, I think that book paired with a Bitcoin standard.

323
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It's just really life-shaping.

324
00:22:18,634 --> 00:22:20,454
So let's talk about a couple of these cycles.

325
00:22:20,774 --> 00:22:25,374
And I want to stick on the dangerous one for a couple of reasons.

326
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The dangerous cycle most specifically is the fighter cycle going off to, say, Thailand

327
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to be able to learn Muay Thai for three months.

328
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I so wish I had that opportunity to be able to do that.

329
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I go boxing twice a week, go to the gym five days a week.

330
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But with responsibilities, the life, the company, everything like that, like you're saying,

331
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I just can't get up and go away for three months.

332
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But that appeal of being dangerous to the system, but also just to be able to be competent

333
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if a situation was to arrive, I think that's very important.

334
00:22:56,854 --> 00:23:01,374
And even if no situation ever arrives, just the way that you hold yourself, present yourself,

335
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the way that you can walk through the world with intention.

336
00:23:04,314 --> 00:23:06,334
I think that's really incredible.

337
00:23:06,534 --> 00:23:10,914
I guess what was the reason that you guys put the fighter cycle in there?

338
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And not just like the physicality of going and training in Muay Thai, for example,

339
00:23:16,514 --> 00:23:19,034
but it's also like an academic part of it.

340
00:23:19,134 --> 00:23:21,354
It's not like you're going to pick up this book.

341
00:23:21,434 --> 00:23:27,554
You're just going to do the fun stuff, go be an EMT, fight fires, pack mules and stuff,

342
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get your pilot's license, fly through the sky.

343
00:23:29,834 --> 00:23:32,034
Yes, that's a large component of it.

344
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That's the practicality.

345
00:23:33,454 --> 00:23:37,534
But then there's also the serious study that comes with it.

346
00:23:38,074 --> 00:23:43,814
But yeah, if we can stick on like the fighter cycle and how that can help someone became dangerous a weapon.

347
00:23:44,834 --> 00:23:50,594
Well, the way it may become dangerous is because I think the biggest thing comes out, obviously, you have some practical skills that come out of it.

348
00:23:51,114 --> 00:23:55,554
My son is and we encourage people to be doing martial arts all the time anyway.

349
00:23:55,554 --> 00:24:01,814
And specifically, I like BJJ simply because you can go almost anywhere and you can find a gym.

350
00:24:02,754 --> 00:24:06,414
So, you know, wherever you are, and they're pretty welcoming to new people going in there.

351
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And it's a very practical martial art.

352
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So, you know, we encourage that as kind of that you should be doing that along the way.

353
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Because, and there's lots of things beyond these.

354
00:24:17,854 --> 00:24:19,114
Maybe I should explain the cycles.

355
00:24:19,114 --> 00:24:22,414
There's 16 cycles, essentially modeling a four-year college.

356
00:24:22,414 --> 00:24:27,794
supposed to be four years. Most, you know, only, I don't know, what is it? 70% of Americans

357
00:24:27,794 --> 00:24:33,434
graduate in four years, but like, let's assume four years and we break it down into 16 quarters.

358
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And so in each quarter, we call a cycle. Each cycle has a anchor activity. That anchor activity

359
00:24:39,494 --> 00:24:44,814
is like the fighter cycle. You're studying Muay Thai or getting your pilot's license or getting

360
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your EMT or learning to sail in the Falkland Islands and through the Strait of Magellan,

361
00:24:49,174 --> 00:24:52,494
which is definitely throwing you in the deep end as far as sailing goes.

362
00:24:53,874 --> 00:24:55,174
It certainly was for my son.

363
00:24:55,374 --> 00:24:58,614
He'd never sailed at all before, but he did that one and came back different.

364
00:24:58,614 --> 00:24:59,094
Yeah, I bet.

365
00:25:00,954 --> 00:25:04,254
Yeah, so there's the anchor course.

366
00:25:04,454 --> 00:25:07,454
And then on top of that, academics are super important to Doug especially.

367
00:25:07,794 --> 00:25:10,074
I mean, Doug was a real stickler about the academics.

368
00:25:10,814 --> 00:25:13,014
As a college dropout, he went to Georgetown.

369
00:25:13,454 --> 00:25:14,514
I'm a college dropout.

370
00:25:14,634 --> 00:25:16,034
Both of us think college is unnecessary,

371
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but he puts a lot more emphasis on academics than I do. And I think he's right. I do think

372
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he's right that they should be included in there and they are. So we, we basically try to have the

373
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academic program as much as possible be related to what they're studying at the time, the things

374
00:25:32,754 --> 00:25:37,714
they're doing in the physical world, because college is all abstract. I mean, you learn

375
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abstract concepts. You don't learn how to do anything really. I mean, if you're in engineering

376
00:25:41,554 --> 00:25:45,694
school, maybe you do, right. But I mean, for most things, most parts, you're just learning ideas.

377
00:25:46,034 --> 00:25:50,674
And so those ideas, you don't have any understanding of the utility of those ideas.

378
00:25:50,874 --> 00:25:54,094
Are they actually useful in the real world or not?

379
00:25:54,794 --> 00:25:55,654
It's hard to know.

380
00:25:55,794 --> 00:25:57,234
So we try and combine them.

381
00:25:58,234 --> 00:26:19,208
It not the fighter cycle but just as an example one of the cycles is you learn to cook in Italy for a month And you in one of my favorite cities Florence which is surrounded by history and art and beauty And of course you take advantage of that time to study things academically that are very related to where you are and what you doing anyway for this cooking cycle

382
00:26:20,028 --> 00:26:22,208
So the academics are layered in that way.

383
00:26:22,228 --> 00:26:24,008
And there's reading, of course, that's part of that, too.

384
00:26:24,008 --> 00:26:32,288
And the other things, the other two components of a cycle is that we have a whole list of other activities that we think you should get exposure to.

385
00:26:32,488 --> 00:26:35,868
Some are going to really like you're going to love and you're going to continue on with.

386
00:26:36,308 --> 00:26:41,868
Some of them you might do just once and be like, okay, that one's not that big of a deal for me.

387
00:26:41,928 --> 00:26:44,208
But it's opened, at least expanded your horizons.

388
00:26:44,848 --> 00:26:49,008
And it's, again, taking advantage of this fact that you have lots of time, lots of energy.

389
00:26:49,848 --> 00:26:51,128
Novel activity is good.

390
00:26:51,348 --> 00:26:52,328
You meet different people.

391
00:26:52,328 --> 00:26:53,588
You learn about the world.

392
00:26:53,588 --> 00:27:00,768
We encourage as many people to spend, we actually have, depending on the cycle, a certain number of hours weekly allocated for stuff like that, actually.

393
00:27:01,568 --> 00:27:03,848
And then finally, reflection and accountability.

394
00:27:04,128 --> 00:27:11,628
And my son, for instance, has been publishing on Substack every week since maybe about a month in what he got done that week.

395
00:27:12,308 --> 00:27:13,468
And it started off as this very –

396
00:27:13,468 --> 00:27:15,288
I'll link that below for everyone.

397
00:27:16,028 --> 00:27:16,808
Yeah, you should check it out.

398
00:27:16,888 --> 00:27:22,188
I mean, it's our version of proof of work, right?

399
00:27:22,188 --> 00:27:52,168
Love it.

400
00:27:52,188 --> 00:27:57,208
learning as far as I'm concerned. That's what a cycle contains. Each cycle has a theme. So you

401
00:27:57,208 --> 00:28:00,268
have the fighter cycle. You've got the medic cycle where you become an EMT. You have the

402
00:28:00,268 --> 00:28:03,728
sailor cycle where you learn to sail. You have the pilot cycle where you learn to fly a plane.

403
00:28:04,368 --> 00:28:08,628
The cooking cycle in Italy I've already talked about. You have, you know, there's one where you

404
00:28:08,628 --> 00:28:13,188
operate heavy equipment. There's a school and I believe it's in Florida where you actually learn

405
00:28:13,188 --> 00:28:17,608
to operate all the big machines. I mean, not some of the crazy cranes, but basically all the

406
00:28:17,608 --> 00:28:21,848
bulldozers and backhoes and all that kind of stuff and become certified in it.

407
00:28:21,868 --> 00:28:23,908
So you could pursue that economically as a job.

408
00:28:24,008 --> 00:28:28,268
I mean, a lot of these are designed so that these anchor courses do make you economically

409
00:28:28,268 --> 00:28:28,768
viable.

410
00:28:28,768 --> 00:28:33,688
Like you could turn them into a career if you wanted to, maybe not as high earning career

411
00:28:33,688 --> 00:28:38,468
in all cases, but it's not like there are ways then that you can fund your way through

412
00:28:38,468 --> 00:28:39,368
this entire thing.

413
00:28:39,528 --> 00:28:41,268
Like Max, for instance, that's my son.

414
00:28:41,568 --> 00:28:46,488
He got his EMT and then because of his sub stack, somebody reached out to him who owns

415
00:28:46,488 --> 00:28:51,188
this company where they basically contract with the government in the U.S. to fight wildfires.

416
00:28:52,008 --> 00:28:55,488
And so he's always looking and he operates these ambulance crews on the wildfires.

417
00:28:55,848 --> 00:28:59,488
And so he offered it. He said, hey, you know, riding on an ambulance, you don't earn any money.

418
00:28:59,648 --> 00:29:02,828
Normally, it's like minimum wage. You don't want to do that stuff. That's crappy work.

419
00:29:03,368 --> 00:29:07,008
Come work on the wildfires. And he got paid $600 a day for doing that.

420
00:29:07,608 --> 00:29:07,968
Wow.

421
00:29:08,448 --> 00:29:13,088
Which is, I was, when I was his age, I was in the army. And I think my take home pay for the month

422
00:29:13,088 --> 00:29:14,348
was about $600.

423
00:29:14,988 --> 00:29:15,108
Okay.

424
00:29:15,208 --> 00:29:16,928
So, I mean, it's pretty good money.

425
00:29:17,028 --> 00:29:18,268
And so with things like that,

426
00:29:18,348 --> 00:29:19,108
and he gets thrown

427
00:29:19,108 --> 00:29:20,168
these different opportunities

428
00:29:20,168 --> 00:29:21,608
because people see what he's doing

429
00:29:21,608 --> 00:29:23,408
and say, hey, you know,

430
00:29:23,448 --> 00:29:24,288
you might want to try this.

431
00:29:24,308 --> 00:29:25,908
And he worked on a geophysics crew

432
00:29:25,908 --> 00:29:26,868
for a company that was looking

433
00:29:26,868 --> 00:29:28,848
for gold in Nevada for a while.

434
00:29:29,028 --> 00:29:30,828
Not quite making $650 a day,

435
00:29:30,868 --> 00:29:32,348
but making still good money

436
00:29:32,348 --> 00:29:32,948
along the way.

437
00:29:33,708 --> 00:29:34,348
So in the beginning,

438
00:29:34,388 --> 00:29:36,588
he started working at Office Depot.

439
00:29:36,768 --> 00:29:37,128
I don't know if you have

440
00:29:37,128 --> 00:29:37,788
Office Depot there,

441
00:29:37,868 --> 00:29:40,248
but it's just this office supply store.

442
00:29:40,428 --> 00:29:42,508
It's like a total shit retail job.

443
00:29:42,508 --> 00:29:44,928
I mean, under fluorescent lights all day, just terrible.

444
00:29:45,348 --> 00:29:48,008
But he was working his way through the program.

445
00:29:48,268 --> 00:29:48,388
Yeah.

446
00:29:48,888 --> 00:29:55,428
And even with, say, like I define that if someone was stuck there potentially as a bullshit job,

447
00:29:55,528 --> 00:30:01,348
just, and the way that I define a bullshit job is the job may be great for somebody else,

448
00:30:01,348 --> 00:30:04,108
but when you're there, you just want to be somewhere else.

449
00:30:04,128 --> 00:30:05,208
You'd rather be outside.

450
00:30:05,448 --> 00:30:06,688
You'd rather be flying or whatever.

451
00:30:06,948 --> 00:30:12,448
But while he was attending that, he was probably learning like sales, customer service,

452
00:30:12,508 --> 00:30:16,048
product, merchandising, advertising, even to an extent.

453
00:30:16,168 --> 00:30:20,148
It's not like he went there and he's just under the fluoro lights,

454
00:30:20,208 --> 00:30:21,588
under the blue light all day.

455
00:30:21,768 --> 00:30:22,988
He's being hassled.

456
00:30:23,248 --> 00:30:26,208
There's probably, and maybe he still didn't want to be there,

457
00:30:26,348 --> 00:30:29,488
but because he knew that it was just a short period of time,

458
00:30:29,588 --> 00:30:30,928
did he gain a lot from that?

459
00:30:30,988 --> 00:30:31,968
I guess that's the question.

460
00:30:32,448 --> 00:30:36,508
I think he gained, I definitely think he gained some things from it.

461
00:30:36,588 --> 00:30:39,348
I wouldn't say a lot, but he definitely gained some things from it.

462
00:30:39,568 --> 00:30:42,048
And, you know, one, it was the first job he'd ever had.

463
00:30:42,508 --> 00:30:46,988
Partially because the age he was, when he was 16, COVID happened.

464
00:30:47,308 --> 00:30:51,188
So that's when you can really get a job in the U.S. and he couldn't get one then.

465
00:30:52,148 --> 00:30:53,688
And then we moved to Uruguay.

466
00:30:54,148 --> 00:30:57,628
So there wasn't really a job that he could have that was obvious.

467
00:30:58,308 --> 00:31:00,248
So it was the first job he ever had, actually.

468
00:31:00,448 --> 00:31:04,648
So just the basic things about what it means to have a job, showing up on time and all that.

469
00:31:04,648 --> 00:31:07,848
He has no issues with being punctual anyway.

470
00:31:08,488 --> 00:31:12,708
But, you know, the expectations of the employer and how someone runs, they can be ridiculous.

471
00:31:13,148 --> 00:31:14,208
We learned that, too.

472
00:31:14,388 --> 00:31:19,488
He definitely, he said, actually, the biggest thing he learned about it is how poor people were.

473
00:31:19,728 --> 00:31:24,188
Because he was, some of his co-workers were talking, you know, they would talk about money, you know.

474
00:31:24,188 --> 00:31:30,228
And they realized these, like, dire straits that some of the people he worked with were in, just how awful it was.

475
00:31:30,348 --> 00:31:33,548
And, you know, sometimes people would come in to buy things.

476
00:31:33,588 --> 00:31:35,048
And this is an office supply shop.

477
00:31:35,408 --> 00:31:36,708
And then they would see how much it is.

478
00:31:36,748 --> 00:31:37,728
And they'd be like, oh, my God.

479
00:31:37,848 --> 00:31:41,568
you know, you see shock in their face by the price of it, you know, and you'd see, well,

480
00:31:41,708 --> 00:31:46,448
and, uh, you know, or people that had to put stuff away because they get it under their budget or

481
00:31:46,448 --> 00:31:52,148
whatever. And so he, he learned a lot about more other people's experiences. I mean, you know, he,

482
00:31:52,348 --> 00:31:57,948
I grew up in a very poor house. He did not grow up in a very poor house, but so he maybe hasn't

483
00:31:57,948 --> 00:32:02,028
been exposed to as many of those things as possible. You know, the, the reality of people

484
00:32:02,028 --> 00:32:06,848
that just don't have money for things that they need. And so I think that exposure was probably,

485
00:32:06,848 --> 00:32:11,328
I think the biggest thing he took from it, exposure to normal people and how they were

486
00:32:11,328 --> 00:32:16,668
living their lives and how hard it was. And I'm sure there were some other positive things along

487
00:32:16,668 --> 00:32:20,928
the way, but ultimately he really hated that job. He preferred delivering pizzas to that job,

488
00:32:21,188 --> 00:32:25,928
let's just say, because at least he got to be outside. That's right. Yeah. I guess one of the

489
00:32:25,928 --> 00:32:31,188
probably big takeaways in hindsight is he realized that he hated it and he's going to do everything

490
00:32:31,188 --> 00:32:35,388
he can to possibly avoid going back to a situation like that. Would that be fair?

491
00:32:35,908 --> 00:32:36,948
Yeah, 100%.

492
00:32:36,948 --> 00:32:37,748
That's for sure true.

493
00:32:37,968 --> 00:32:38,408
Yeah, absolutely.

494
00:32:38,848 --> 00:32:42,048
Good reason to go out and do a lot of different stuff.

495
00:32:42,708 --> 00:32:45,708
Yeah, we do talk about jobs in the book, and we say, hey, you know,

496
00:32:45,868 --> 00:32:49,108
dead-end jobs can be really useful to you at times.

497
00:32:49,568 --> 00:32:52,348
Because during that time when he had that job at Office Depot,

498
00:32:52,348 --> 00:32:56,228
and it was only like seven weeks he worked there, okay,

499
00:32:56,448 --> 00:32:57,848
because we're moving these cycles.

500
00:32:58,068 --> 00:32:58,608
It's three months.

501
00:32:58,688 --> 00:32:59,448
It moves pretty fast.

502
00:32:59,748 --> 00:33:02,148
It was only like seven weeks, but he saved $5,000.

503
00:33:02,148 --> 00:33:07,788
well five thousand dollars easily paid for his emt kind of you know it paid for his next stuff i

504
00:33:07,788 --> 00:33:12,468
mean i he started off this entire thing one of the objections people get is it oh yeah that sounds

505
00:33:12,468 --> 00:33:16,168
fun but that must be very expensive to do all this it's definitely to do if you do everything

506
00:33:16,168 --> 00:33:21,488
it's not cheap it's about 73 grand if you did everything in the book over four years but it's

507
00:33:21,488 --> 00:33:27,068
not something much is the college degree though basically one year at a good college can cost you

508
00:33:27,068 --> 00:33:33,388
that much. Okay. So you're getting like a hundred to a thousand times the value of college for a

509
00:33:33,388 --> 00:33:39,028
quarter of the price. And at the end of it, you're able to do something, which is very different than

510
00:33:39,028 --> 00:33:42,748
college. You might know some things that you think are valuable, but it's again, someone who's hired

511
00:33:42,748 --> 00:33:46,388
a lot of people, anyone right out of college, first thing you had to do is train them. They

512
00:33:46,388 --> 00:33:51,008
didn't know how to do anything. It sort of comes back to that statement I read in the intro when I

513
00:33:51,008 --> 00:33:56,528
was paraphrasing yourself. It looked like it was a failure or it looked like it was failing until

514
00:33:56,528 --> 00:34:04,188
I was rich, basically. I guess when people are going through those things, they may not be able

515
00:34:04,188 --> 00:34:07,968
to connect to the dots and they may think, oh, that's a waste of money getting your pilot's

516
00:34:07,968 --> 00:34:14,988
license or something, you're going fighting, becoming an EMT. But the character that develops

517
00:34:14,988 --> 00:34:20,528
and for really such a small cost in the scheme of things, when you look back in hindsight,

518
00:34:20,748 --> 00:34:25,228
like, yes, it seems like a lot of money, but I think those takeaways are really going to help

519
00:34:25,228 --> 00:34:30,888
you know shape the course of someone's life especially with ai coming in now just even within

520
00:34:30,888 --> 00:34:37,868
our own company like i can do the job of four different specialized people talking to ai for

521
00:34:37,868 --> 00:34:43,248
two to four hours a day at the moment like went from not knowing what to do to like a lot of

522
00:34:43,248 --> 00:34:48,188
contracts and stuff from like zero income within the first three months to like a lot of income

523
00:34:48,188 --> 00:34:54,888
and all because of ai but if it like i hadn't stacked those skills it wasn't just that as well

524
00:34:54,888 --> 00:35:07,028
It's like sales, customer service, being able to engage with different parties, even just to be able to email in a professional way, for example, to be able to pick up the phone and say, yes, we can do that.

525
00:35:07,068 --> 00:35:12,908
But also what you're saying, when you become competent and dangerous, you can say no, like, no, we can't do that.

526
00:35:12,908 --> 00:35:23,628
Instead of having a new early business and thinking we really need that contract to be able to make payroll next month or next quarter, we don't have the capacity to do that.

527
00:35:23,708 --> 00:35:24,468
We can't do that.

528
00:35:24,468 --> 00:35:29,068
this is what we can do. This is what we're offering. This is the price that it is. Yes,

529
00:35:29,088 --> 00:35:32,928
we'll talk with you. We'll work with you, but we're not going to shortchange ourselves

530
00:35:32,928 --> 00:35:37,208
to be able to provide the service and go backwards for it. But like whatever it is,

531
00:35:37,528 --> 00:35:43,008
I think when you become competent and dangerous and use these skills that we have with AI,

532
00:35:43,208 --> 00:35:47,788
I think it can change people's lives very quickly. But what are your thoughts in regards to AI

533
00:35:47,788 --> 00:35:52,768
coming and how it's going to shape just like the traditional career? Because I agree with

534
00:35:52,768 --> 00:35:57,908
yourself as well. I don't think college for the majority of people, like, yes, if you want to

535
00:35:57,908 --> 00:36:03,688
become a doctor or a lawyer or an engineer, sure, go like, be my guest, do it. But I think for the

536
00:36:03,688 --> 00:36:08,288
majority of people that get a piece of paper, and they're not even employed in that job five,

537
00:36:08,388 --> 00:36:16,548
10 years later, how do you think AI is going to change the way we live, we work, we have

538
00:36:16,548 --> 00:36:20,428
fulfillment in life? Well, I don't know about the fulfillment part. That's a harder question.

539
00:36:20,428 --> 00:36:33,268
But I will say that I think that virtually everyone who's enrolled in university now is going to be extremely angry when they get out because they're going to realize that the jobs that they thought would be there are just not going to be there.

540
00:36:33,548 --> 00:36:37,168
And I think it's going to be the biggest rug pull on young people ever.

541
00:36:38,168 --> 00:36:39,608
And I think we're already starting to see it.

542
00:36:39,668 --> 00:36:46,068
There was an article in The New York Times maybe three weeks ago that talked about two people who graduated with degrees in computer science.

543
00:36:46,888 --> 00:36:51,288
Neither one of them are able to find a job after doing thousands of applications.

544
00:36:51,848 --> 00:36:56,228
You know, one guy had over 5,000 applications, had 13 interviews, zero offers.

545
00:36:56,448 --> 00:36:59,468
And that's computer science, you know?

546
00:36:59,468 --> 00:37:04,748
So it's like, what about the people who get a degree in English, you know?

547
00:37:05,108 --> 00:37:14,588
I mean, I think it's going to be a huge rug pull, and I think it's going to lead to a lot of social tension, as if we could have more social tension in the U.S., but I think it's going to be rough.

548
00:37:14,588 --> 00:37:23,088
And I also think that longer term, AI can, it's hard to explain, but this is really like the Industrial Revolution as it hit America.

549
00:37:23,428 --> 00:37:26,488
It was highly destructive, highly destructive.

550
00:37:26,848 --> 00:37:37,088
Going into it, something like 50% of all, 57% of all Americans were farmers in the late 1870s, roughly is when it kicked off in the United States.

551
00:37:37,808 --> 00:37:40,568
Today, less than 1% of the people in the U.S. are farmers.

552
00:37:41,388 --> 00:37:43,968
But most of that bulk of loss, 1%.

553
00:37:43,968 --> 00:37:45,448
Yeah, 1% are farmers today.

554
00:37:46,888 --> 00:37:56,288
And so I think that the white-collar job is the equivalent of a farmer during the last Industrial Revolution.

555
00:37:56,668 --> 00:38:03,968
So I think that the white-collar job is going to go the way of the small-scale farmers, honestly, and it will be 1%.

556
00:38:04,488 --> 00:38:11,728
Will it be in the Industrial Revolution really over 50 years, most of the damage was done in that?

557
00:38:11,728 --> 00:38:13,368
I think this will be a lot more compressed.

558
00:38:13,368 --> 00:38:15,668
I think it'll probably occur over about 15 years.

559
00:38:16,428 --> 00:38:21,428
So I think it's going to be incredibly damaging to our expectations about what a career is.

560
00:38:21,928 --> 00:38:23,248
I think it's going to be really damaging to that.

561
00:38:23,308 --> 00:38:30,768
At the same time, there are amazingly wonderful things that came out of the Industrial Revolution, like cinema came out of that.

562
00:38:31,108 --> 00:38:33,868
I mean, you could say urban design came out of that.

563
00:38:33,868 --> 00:38:44,248
So lots of things that we certainly, I mean, obviously you have all of the consumer products from the iron to the toaster and stuff like that.

564
00:38:44,368 --> 00:38:47,828
There were like the iron actually made the biggest difference, by the way, in America at first.

565
00:38:47,948 --> 00:38:50,308
That's the most popular thing, the electric iron.

566
00:38:50,548 --> 00:38:54,408
But these things dramatically changed and improved at people's lives.

567
00:38:54,788 --> 00:38:59,808
But it destroyed many lives along the way, and they had to completely readjust.

568
00:38:59,808 --> 00:39:14,862
And so I think that the people going through university now or who have exited in the last five years are in for a lot of damage a lot of damage because not only will they get the rug pull on the employment front but they also got this debt that they saddled with

569
00:39:14,962 --> 00:39:19,482
In the U.S., you can't file for bankruptcy and you can have your debt wiped away,

570
00:39:19,702 --> 00:39:21,242
but not student loans.

571
00:39:21,922 --> 00:39:22,842
You're stuck with them.

572
00:39:23,482 --> 00:39:26,902
And that's why a slavery system, I mean, you talked about slavery earlier,

573
00:39:26,902 --> 00:39:28,622
the COGS, I mean, it really is.

574
00:39:28,722 --> 00:39:31,642
I mean, you're an indentured servitude to, if nothing else,

575
00:39:31,642 --> 00:39:38,122
the debt repayments on your student loans yeah i am employing three people with their doctorate and

576
00:39:38,122 --> 00:39:44,802
at least two of them have student loan debt and stuff and gave one of them a bonus and said there's

577
00:39:44,802 --> 00:39:49,682
like a half of this has gone to tax and she's like oh that's right like that'll just pay off the

578
00:39:49,682 --> 00:39:56,662
student loan i'm like that sucks like that that truly sucks so with this i guess one of the most

579
00:39:56,662 --> 00:40:01,942
important cycles is probably the entrepreneur cycle to be able to take self-agency and to be

580
00:40:01,942 --> 00:40:09,082
able to go out and provide value if the traditional landscape is changing the system no longer works

581
00:40:09,082 --> 00:40:13,282
as it used to work or maybe it didn't work as good or it's been failing for a long time

582
00:40:13,282 --> 00:40:18,322
we have to go out and be able to provide value to the world because it's the only way that we're

583
00:40:18,322 --> 00:40:24,142
going to get compensated that's the only way real value exchanges hands um is maxim still going

584
00:40:24,142 --> 00:40:28,642
through the entrepreneur cycle or he's completed it? He's still going through it, basically goes

585
00:40:28,642 --> 00:40:34,302
through the end of the year. And yeah, what he's doing in particular is he's doing a precision drone

586
00:40:34,302 --> 00:40:39,162
agriculture business, partially because he's here in Uruguay right now. We live on a regenerative

587
00:40:39,162 --> 00:40:43,822
cattle ranch. You know, we live in a semi-rural area. So that's kind of what you, you know,

588
00:40:44,362 --> 00:40:49,362
the opportunities are a little bit different, but, and will he succeed? Will his business be

589
00:40:49,362 --> 00:40:53,202
successful in three months? I mean, you think of it as a guy who's built a lot of businesses,

590
00:40:53,202 --> 00:40:59,642
three months is a lot too soon to say, but you do see whether or not it has potential during that

591
00:40:59,642 --> 00:41:04,362
time period. And you learn the process of identifying the product, identifying the market,

592
00:41:04,602 --> 00:41:10,282
generating leads, selling the product, delivering the product. And for him, there's a twist to it

593
00:41:10,282 --> 00:41:13,842
because he's got to do it all in Spanish, which is another thing you learned along the preparation,

594
00:41:14,062 --> 00:41:18,802
second language. So it's a little bit even more difficult for him than it would otherwise be for

595
00:41:18,802 --> 00:41:24,202
for an entrepreneur but yeah he's still early in it i mean he's really you know technically it was

596
00:41:24,202 --> 00:41:30,042
supposed to start october 1st so he got a couple weeks early start on it for this one because just

597
00:41:30,042 --> 00:41:33,502
because of timing so he got a couple weeks early start on it but yeah he's doing it through the end

598
00:41:33,502 --> 00:41:38,982
of the year we'll see how far he gets it's i saw a video of the drone and it's hard really to be

599
00:41:38,982 --> 00:41:45,002
able to tell from the video but the drone looks ginormous can you talk a little bit of like what

600
00:41:45,002 --> 00:41:47,242
What's the carrying capacity and stuff?

601
00:41:47,282 --> 00:41:49,922
It looks like one of those ones where you could probably hang on to it

602
00:41:49,922 --> 00:41:52,482
and fly around if someone was steering.

603
00:41:52,722 --> 00:41:55,902
If there weren't so many sensors on it, I think you probably could.

604
00:41:55,962 --> 00:41:57,602
It can kind of detect when people are around it.

605
00:41:57,602 --> 00:42:01,022
But, I mean, its payload is only 50 kilos,

606
00:42:01,482 --> 00:42:03,722
but it can clearly carry more than that

607
00:42:03,722 --> 00:42:05,882
because it does that in the zero problem whatsoever.

608
00:42:06,182 --> 00:42:07,442
So, yeah, its payload is 50 kilos.

609
00:42:07,622 --> 00:42:09,682
I mean, you know, you see these, I don't know if you saw the videos

610
00:42:09,682 --> 00:42:12,742
of all the drones in New Jersey when there was that little freakout

611
00:42:12,742 --> 00:42:14,082
earlier this year.

612
00:42:14,082 --> 00:42:18,862
that we had this drone thing where the drones spotted all over new jersey no one knew what

613
00:42:18,862 --> 00:42:24,602
they were and people like it's ufos or whatever to me having seen this thing we first fired it up

614
00:42:24,602 --> 00:42:30,922
at night i'm like this explains it totally like this could definitely be it yeah it's big and

615
00:42:30,922 --> 00:42:36,822
scary yeah it's pretty awesome and what's the point of it i'll um i'll try link that that video

616
00:42:36,822 --> 00:42:41,882
below that you had on x like it's incredible the search light it just turns night today straight

617
00:42:41,882 --> 00:42:47,582
away there's just this thing coming in um it's pretty incredible but what's he doing with the

618
00:42:47,582 --> 00:42:52,082
this drone out of curiosity what's the the points of this amazing machine because it doesn't look

619
00:42:52,082 --> 00:42:57,582
cheap no it's not cheap it's not cheap and truthfully he's in debt on that one to me like

620
00:42:57,582 --> 00:43:05,582
the truth is i wanted one for our for our ranch because so he paid for your toy uh he's in debt

621
00:43:05,582 --> 00:43:12,022
for my toy yes so he hasn't paid yet i mean this is that so i'm like i'm giving him terms smart move

622
00:43:12,022 --> 00:43:18,502
yeah but um no interest but terms so the the but basically what it does it allows you to spread

623
00:43:18,502 --> 00:43:24,182
seeds and fertilizer and and seeds is the big thing honestly more than anything else but uh

624
00:43:24,182 --> 00:43:29,862
the ranch is regenerative but you know there's certain parts that could use some overseeding

625
00:43:29,862 --> 00:43:34,802
and so it's just targeted areas it also has this there's another drone that goes along with it that

626
00:43:34,802 --> 00:43:37,922
is does this multi-spectral mapping

627
00:43:37,922 --> 00:43:40,002
and it can tell you a lot about the land.

628
00:43:40,082 --> 00:43:41,122
It can tell you basically the biomass

629
00:43:41,122 --> 00:43:42,222
that you've got on there.

630
00:43:42,702 --> 00:43:43,562
So if you're, you know,

631
00:43:43,582 --> 00:43:46,282
we have this intense rotational grazing thing.

632
00:43:46,562 --> 00:43:47,422
And so you can understand

633
00:43:47,422 --> 00:43:49,322
whether or not you're overgrazing them

634
00:43:49,322 --> 00:43:51,622
or undergrazing them in certain parts that they're in.

635
00:43:51,762 --> 00:43:53,422
You know, it tells you about the soil health.

636
00:43:53,502 --> 00:43:55,982
Like it can detect whether there's low nitrogen levels,

637
00:43:56,082 --> 00:43:56,522
for instance.

638
00:43:56,782 --> 00:43:58,682
It's, these drones are, like I have,

639
00:43:58,762 --> 00:43:59,662
I love drones anyway.

640
00:43:59,802 --> 00:44:00,422
Like I like them.

641
00:44:00,482 --> 00:44:02,862
So this is no surprise why this is kind of my toy.

642
00:44:03,722 --> 00:44:07,902
Although it really won't be my toy until he goes to Thailand and for his fighter thing,

643
00:44:08,002 --> 00:44:09,322
then I'll really see what I can do.

644
00:44:09,522 --> 00:44:11,142
But I've only ever had the camera drones.

645
00:44:11,322 --> 00:44:14,142
But what they do commercially, it's actually amazing what these things can do.

646
00:44:14,462 --> 00:44:16,542
I mean, they're really, really advanced.

647
00:44:16,802 --> 00:44:17,742
They can do some cool stuff.

648
00:44:17,742 --> 00:44:18,162
Yep.

649
00:44:18,302 --> 00:44:25,522
I had one of those DJIs or whatever, and we look out at the reef and the islands and stuff.

650
00:44:25,982 --> 00:44:29,702
But I just took it off from the house, up the beach.

651
00:44:29,702 --> 00:44:36,902
I'd connected my phone into these, like you just put your phone into these VR type goggles and stuff.

652
00:44:36,942 --> 00:44:38,982
And I was flying seven kilometers away.

653
00:44:39,102 --> 00:44:39,882
Couldn't see anything.

654
00:44:39,982 --> 00:44:42,782
Getting chased by this big sea eagle on the beach.

655
00:44:43,282 --> 00:44:44,222
I'm sure it's not legal.

656
00:44:44,322 --> 00:44:45,882
So this never happened, ladies and gentlemen.

657
00:44:46,702 --> 00:44:53,402
But the capacity for like, this was just a toy, like an entry, maybe not entry level.

658
00:44:53,442 --> 00:44:56,262
I think it was like two, two and a half grand or whatever it was.

659
00:44:56,302 --> 00:44:57,562
So it was a nice toy.

660
00:44:58,122 --> 00:45:01,882
But then to see that machine that you've had,

661
00:45:01,902 --> 00:45:05,882
and I've seen them slinging like concrete bags and stuff in China,

662
00:45:06,262 --> 00:45:09,362
just really amazing what people can do.

663
00:45:09,622 --> 00:45:12,042
I wanted to touch on the entrepreneur cycle a little bit

664
00:45:12,042 --> 00:45:15,042
and then dive into sort of the practicality of what Maxim's doing

665
00:45:15,042 --> 00:45:18,482
is just to give people ideas because the world's changing

666
00:45:18,482 --> 00:45:21,342
and it's changing pretty rapidly and it's getting pretty quick.

667
00:45:21,822 --> 00:45:25,562
And you can either sit there in despair and get scared

668
00:45:25,562 --> 00:45:29,002
where you can just go out and you can just do shit, as Bitcoiners say.

669
00:45:29,142 --> 00:45:33,342
You can just try something new and fail forward to be able to do it.

670
00:45:33,582 --> 00:45:38,262
As we get to the top of the hour, Matt, I'm going to link the book below.

671
00:45:38,542 --> 00:45:40,022
It's just, it's so incredible.

672
00:45:41,562 --> 00:45:42,882
I'm no longer a young man.

673
00:45:43,002 --> 00:45:44,142
I'm no longer a kid.

674
00:45:45,122 --> 00:45:46,582
I read it on Kindle.

675
00:45:46,682 --> 00:45:47,602
I actually want to talk to you.

676
00:45:47,642 --> 00:45:48,762
I'd love a signed copy.

677
00:45:48,822 --> 00:45:51,682
I don't care how much I need to pay for it to be able to get it.

678
00:45:51,802 --> 00:45:54,882
The only condition is hopefully you'll accept Bitcoin for it.

679
00:45:55,562 --> 00:46:01,062
Of course, except Bitcoin. Well, in a month or two weeks, we have a conference here. So Max,

680
00:46:01,282 --> 00:46:04,782
Doug and I will all be together. So we'll be able to sign some then and I'll get one to you.

681
00:46:05,902 --> 00:46:07,682
And whereabouts is that for everyone?

682
00:46:08,222 --> 00:46:13,762
The conference, it's in Uruguay. It's basically how to live and invest in Uruguay. We talk about

683
00:46:13,762 --> 00:46:17,982
residency, like Plan B stuff, which I heard, which we mentioned before we started recording.

684
00:46:18,502 --> 00:46:18,602
Yeah.

685
00:46:18,822 --> 00:46:24,602
I think that's so important. I know we only have an hour. We'll have to get you back on to be

686
00:46:24,602 --> 00:46:29,362
able to talk about that as well, maybe even yourself and Doug together. I'd love to speak

687
00:46:29,362 --> 00:46:34,882
to Maxim. It's very inspiring what he's doing. But I just want to hand over the floor to you.

688
00:46:34,922 --> 00:46:39,242
I don't want to hold you up too much. You're a busy man. Just take a couple of moments to be

689
00:46:39,242 --> 00:46:45,062
able to share a lesson or a little bit of advice or just a message for the audience that they can

690
00:46:45,062 --> 00:46:52,282
take away and run with, hopefully. Yeah, sure. I mean, because you're talking about the

691
00:46:52,282 --> 00:46:56,642
entrepreneurship category. One of the hardest things, I've been an entrepreneur my whole life.

692
00:46:56,722 --> 00:47:01,882
It's been very good to me, but it involved lots of failure along the way. I've won some, lost some,

693
00:47:01,882 --> 00:47:07,682
still have some, sold some, is the way I look at it. The thing is that when you're young,

694
00:47:07,742 --> 00:47:13,222
you really don't know. It's really hard to figure out a business because you have so little

695
00:47:13,222 --> 00:47:18,402
understanding of the world. And so you don't really understand what the needs of the customers

696
00:47:18,402 --> 00:47:22,882
are. You don't really realize the pain points they have. So it's very difficult for you to

697
00:47:22,882 --> 00:47:29,002
figure out what would effectively solve those problems. And your ideal customer are not people

698
00:47:29,002 --> 00:47:34,302
like you who don't have any money. Your ideal customer is somebody who could afford something

699
00:47:34,302 --> 00:47:39,042
of value that you can make a profit in delivering to them. So the best thing you can do is go out

700
00:47:39,042 --> 00:47:44,862
in the world and get experience, get exposure to the real world, get intensely involved in

701
00:47:44,862 --> 00:47:50,322
different things. Along the way, I recommend building some actual skills, but most importantly

702
00:47:50,322 --> 00:47:55,742
is just to get exposure to how the world really works and the exposure to people that you would

703
00:47:55,742 --> 00:47:59,682
never otherwise interact with. And for young people in particular, I think it's a big problem

704
00:47:59,682 --> 00:48:05,582
is they don't, they feel, well, they really are isolated from the older generation. In fact,

705
00:48:05,622 --> 00:48:11,202
if anything, they might see the older generation is the problem, which is dangerous. And in fact,

706
00:48:11,202 --> 00:48:22,682
What they'd learn is that a lot of older people would actually be delighted to help a young, motivated, intelligent, resourceful person succeed.

707
00:48:23,642 --> 00:48:32,642
You know, what you learn as you get older, I'm 50 now, I turned 50 this year, is that you have, you know, you're spending the whole first part of your life saying yes to every opportunity that comes your way.

708
00:48:33,562 --> 00:48:39,802
And I don't know when that tipping point is, but there's some point where you have to say no to a hell of a lot more than you say yes to.

709
00:48:39,802 --> 00:48:45,322
And eventually it gets to a point where you basically have to say no to virtually everything.

710
00:48:46,042 --> 00:48:55,782
And so the opportunities that you have that are table scraps for you as an older person are gigantic opportunities for a young person.

711
00:48:56,982 --> 00:49:08,182
But you'll never get exposed to them if you don't befriend older people, if you don't believe that they have something to teach you, if you don't try and provide value to them in some way.

712
00:49:08,182 --> 00:49:13,042
So I think the key is to get deeply involved in learning stuff.

713
00:49:13,142 --> 00:49:16,182
Get off the phone, go out and learn actual things.

714
00:49:16,302 --> 00:49:20,782
And if you don't know what to learn, we have 16 things in here specifically that we highlight,

715
00:49:20,922 --> 00:49:23,302
but we have lots of other activities that we encourage to do.

716
00:49:23,762 --> 00:49:28,162
And it will be a worthwhile use of your time to do any one of these things.

717
00:49:28,362 --> 00:49:32,762
If you don't have four years to do it, maybe you're out of college already and realize that

718
00:49:32,762 --> 00:49:36,322
that didn't work, so you can't really afford that time that you lost again.

719
00:49:36,322 --> 00:49:43,262
I still think there's a lot still if you did a two or three cycles I think you would have such a

720
00:49:43,262 --> 00:49:48,742
better understanding of how the world actually works and how you can successfully interact with

721
00:49:48,742 --> 00:49:53,942
it how you can step into and create value build businesses solve people's problems you know and I

722
00:49:53,942 --> 00:49:59,042
but the problem most people have today is they actually don't have any actual competency in

723
00:49:59,042 --> 00:50:03,822
anything yeah they might have a lot of ideas they might have a strong point of view about stuff but

724
00:50:03,822 --> 00:50:08,362
if a car breaks down, they don't know what to do. If someone gets injured around them,

725
00:50:08,422 --> 00:50:11,962
they don't know what to do. If someone asks them to

726
00:50:11,962 --> 00:50:15,762
drive a car with a stick, they don't know what to do.

727
00:50:16,402 --> 00:50:19,962
I mean, literally nothing. Most people don't know how to do anything anymore because

728
00:50:19,962 --> 00:50:24,102
our economy is hyper-rationalized

729
00:50:24,102 --> 00:50:27,942
and efficient, that we're allowed to be ultra-specialized into

730
00:50:27,942 --> 00:50:30,902
nothingness. Our job is to be a consumer.

731
00:50:30,902 --> 00:50:34,262
and that's what most people, that's what we've been shaped to be consumers

732
00:50:34,262 --> 00:50:38,662
and that is there's zero value in being a consumer. You're taking, not creating

733
00:50:38,662 --> 00:50:42,982
and so you've got to get real world experience doing something and it also

734
00:50:42,982 --> 00:50:46,922
will give you confidence that you can't possibly get

735
00:50:46,922 --> 00:50:50,942
even if you have really strong opinions and a good attitude or whatever. Knowing how to do

736
00:50:50,942 --> 00:50:55,142
something really changes your life. I agree. Ladies and gentlemen, I'll

737
00:50:55,142 --> 00:50:58,902
link Matt below as well as the book in just a couple

738
00:50:58,902 --> 00:51:03,942
more things. I was reading Alex Hormosey's $100 million offers. This book was recommended

739
00:51:03,942 --> 00:51:09,202
straight after is what to read next. And I think that was an incredible follow on,

740
00:51:09,282 --> 00:51:13,702
but the algorithm has started pushing it. You've sold, can I say how many copies that you've sold

741
00:51:13,702 --> 00:51:21,362
so far? So 8,000 copies are out there. That's 8,000 lives of people reading the book that are

742
00:51:21,362 --> 00:51:25,602
going to change in a dramatic way, whether they go through it or not, just even some of the reading

743
00:51:25,602 --> 00:51:33,642
list with academic lessons within it. It's just such a huge takeaway. So if you're not happy with

744
00:51:33,642 --> 00:51:39,922
where you are in life, male or female, young or old, there is something in this book. It's truly

745
00:51:39,922 --> 00:51:45,802
amazing. And what have you got to lose? It's going to cost you a little bit of money and a little bit

746
00:51:45,802 --> 00:51:50,542
of time, but I dare say everyone's going to take something out of it that will profoundly impact

747
00:51:50,542 --> 00:51:56,422
their lives it truly is a life shaping life defining book i couldn't encourage you enough

748
00:51:56,422 --> 00:52:02,922
to be able to get it but matt it's been an absolute pleasure and honor to be able to have you here

749
00:52:02,922 --> 00:52:07,782
today for everyone out there please do something nice for yourself today

750
00:52:07,782 --> 00:52:10,382
for somebody else out there be blessed peace