1 00:00:00,000 --> 00:00:12,840 And we are live. Welcome to episode 35 of To The Unknown Pod, a sub-podcast of the Thank 2 00:00:12,840 --> 00:00:16,960 God for Bitcoin podcast. My name is Jordan Bush. I'm the executive director of TGFP Media, 3 00:00:17,060 --> 00:00:20,740 which exists to help Christians understand and use Bitcoin for the glory of God and the 4 00:00:20,740 --> 00:00:25,560 good of people everywhere. Today we are joined by the Island Boys. It's been a long time. 5 00:00:25,560 --> 00:00:30,280 we are we are back we are uh took a little break for a bunch of reasons some that we'll talk about 6 00:00:30,280 --> 00:00:36,160 uh later and uh we are we are excited to be back so at least speaking for myself i am excited to be 7 00:00:36,160 --> 00:00:43,220 back so guys introduce yourselves and then we'll go from there hey oshawa hawthorne i live in the 8 00:00:43,220 --> 00:00:50,580 great state of oregon but used to be an island boy um on the big island and i lead a ministry 9 00:00:50,580 --> 00:00:51,880 called Brilliance Labs. 10 00:00:52,700 --> 00:00:56,680 We're an incubator for Global Kingdom projects. 11 00:00:57,360 --> 00:00:58,860 And we try to make a difference 12 00:00:58,860 --> 00:01:00,640 in our little neck of the woods. 13 00:01:01,700 --> 00:01:03,740 And I like meeting with my friends 14 00:01:03,740 --> 00:01:05,960 and talking about Bitcoin and dad stuff 15 00:01:05,960 --> 00:01:07,440 because I'm a dad of eight. 16 00:01:08,160 --> 00:01:09,540 And that's loads of fun. 17 00:01:12,100 --> 00:01:14,860 I'm Ryan Finley, also from Oregon, 18 00:01:15,180 --> 00:01:17,040 also a former Hawaii resident. 19 00:01:17,900 --> 00:01:19,760 Yeah, father of six. 20 00:01:19,760 --> 00:01:25,560 and I'm doing a lot of I'm still doing a lot of projects with my boys um including my youngest son 21 00:01:25,560 --> 00:01:31,900 and we have jumped back into the appliance trade so we're fixing appliances so that's 22 00:01:31,900 --> 00:01:40,080 yeah it's been a fun venture over this past few months yeah yeah I'm Matt Purvis longtime pastor 23 00:01:40,080 --> 00:01:46,840 and uh business owner entrepreneur always taking on too many projects uh here still on the big 24 00:01:46,840 --> 00:01:52,580 island and beneath where i sit is like three lifetimes worth of appliance repair stuff that 25 00:01:52,580 --> 00:02:01,000 ryan left here so if you need it ryan the legacy i'll reach out for parts i actually left them 26 00:02:01,000 --> 00:02:06,000 so that you could fix your washroom dryer till the end of time there is enough parts there let's 27 00:02:06,000 --> 00:02:11,000 go uh i just fixed my dryer not to take it off topic i fixed the dryer at the bakery and i 28 00:02:11,000 --> 00:02:17,180 noticed a little sticky note on it dated 2017 you know like oh use the make sure you do such 29 00:02:17,180 --> 00:02:23,840 and such and i was like all right you know and it was old when we bought it and you keep going 30 00:02:23,840 --> 00:02:28,980 forever all right guys well we are we are going to be talking about you may be confused by the 31 00:02:28,980 --> 00:02:36,080 title of this episode episode 35 mike green's life is a lie and so is yours uh we if you for 32 00:02:36,080 --> 00:02:42,480 those of you who don't know who mike green is mike green has a he's like a money manager he manages 33 00:02:42,480 --> 00:02:47,700 has manages has managed i believe billions of dollars worth of other people's money 34 00:02:47,700 --> 00:02:52,700 very brilliant guy in a lot of respects not great when it comes to bitcoin 35 00:02:52,700 --> 00:03:01,860 consistently wrong yeah but consistently wrong impressively uh as was yeah yeah so he uh he 36 00:03:01,860 --> 00:03:06,920 basically penned this article actually i will share one story so basically we he's been on twitter 37 00:03:06,920 --> 00:03:12,800 and a whole bunch of other things he's somewhat of a finance twitter celebrity um has had contrary 38 00:03:12,800 --> 00:03:18,400 intakes and been right uh other than bitcoin and uh my claim to fame is that my cousin and i 39 00:03:18,400 --> 00:03:25,640 uh were were dming on twitter back and forth and accidentally included mike green in our in our 40 00:03:25,640 --> 00:03:32,480 tweet conversation and he proceeded to go back and forth with us for like a half hour telling us 41 00:03:32,480 --> 00:03:39,440 why we were wrong about Bitcoin. This is probably around 2020 or 2021. And I just remember as he's 42 00:03:39,440 --> 00:03:45,640 going back and forth, I'm just sitting there in my room in Uruguay, just going and I text, 43 00:03:45,640 --> 00:03:50,780 side text my cousin. I'm like, is this Mike Green, like billionaire hedge fund manager is 44 00:03:50,780 --> 00:03:54,800 literally like going at us on Twitter and just telling us why we're wrong about Bitcoin as 45 00:03:54,800 --> 00:03:59,440 Bitcoin is pumping. Like this is, this is hilarious. So me and Mike go way back, but he 46 00:03:59,440 --> 00:04:05,000 wrote this article the other day that as soon as I read the first, I mean, five paragraphs of it, 47 00:04:05,000 --> 00:04:09,040 I was like, oops, we're going to talk about that one. This is a really good article. Um, 48 00:04:09,400 --> 00:04:13,860 he wrote it on his sub stack called my life is a lie. Uh, and so we're just going to, we're going 49 00:04:13,860 --> 00:04:17,920 to just stay, we're going to dig into that a little bit here in a few minutes, but we would 50 00:04:17,920 --> 00:04:22,680 be remiss, uh, given, you know, the last time that we podcast and I believe we were in the, 51 00:04:22,680 --> 00:04:28,140 you know, he's probably $110,000 range was Bitcoin. I didn't check before we hopped on here, 52 00:04:28,200 --> 00:04:34,840 but if you can take a peek over my shoulder here at our Blocktron over here, you can see that we 53 00:04:34,840 --> 00:04:41,500 have fallen a little bit. We're at $87,074. Oshawa, is Bitcoin dead? Is it over? 54 00:04:42,780 --> 00:04:48,680 Well, I thought I'd wear my 100K with the cross out on it. Wait, wait, what are you telling me? 55 00:04:48,680 --> 00:04:50,260 it's not 100k. 56 00:04:51,960 --> 00:04:52,400 So 57 00:04:52,400 --> 00:04:54,540 here's a couple thoughts. 58 00:04:55,200 --> 00:04:56,980 Let me just clarify. The reason 59 00:04:56,980 --> 00:04:58,960 why we're doing this is because I'm pretty sure 60 00:04:58,960 --> 00:05:01,040 if your life is anything like mine, I've been 61 00:05:01,040 --> 00:05:02,920 getting inundated by people at church 62 00:05:02,920 --> 00:05:04,960 and people, family members who are 63 00:05:04,960 --> 00:05:06,660 reaching out to me and asking me, 64 00:05:06,760 --> 00:05:09,000 what's happening with Bitcoin? Why is Bitcoin going down? 65 00:05:09,380 --> 00:05:10,960 Why doesn't it just automatically go up 66 00:05:10,960 --> 00:05:12,960 all the time? So that's what we 67 00:05:12,960 --> 00:05:14,920 want to do. We want to answer, why is Bitcoin 68 00:05:14,920 --> 00:05:16,920 not going up all the time? Asha would take the floor. 69 00:05:16,920 --> 00:05:32,060 And so there's this great meme on Bitcoin Twitter of all the family members at the Thanksgiving table looking at you, like looking up at you like, hey, how's your little internet coin doing? 70 00:05:33,020 --> 00:05:38,700 And so we're all going to meet for Thanksgiving and we're going to have these conversations. 71 00:05:38,700 --> 00:05:46,900 um so i don't know if one of you could find this this tweet we could uh you could share it but it 72 00:05:46,900 --> 00:05:56,860 was something that uh hodl magoo shared and i thought this was really helpful um and his his 73 00:05:56,860 --> 00:06:06,980 point was oh yeah i did find it okay so i'm gonna put this in the uh our our chat and why don't you 74 00:06:06,980 --> 00:06:09,340 share this real quick. 75 00:06:09,500 --> 00:06:09,820 It's in the 76 00:06:09,820 --> 00:06:12,360 studio chat. 77 00:06:13,040 --> 00:06:13,560 Here we go. 78 00:06:15,020 --> 00:06:15,580 Share. 79 00:06:16,500 --> 00:06:18,820 I occasionally jump into 80 00:06:18,820 --> 00:06:20,720 a Twitter spaces with this guy 81 00:06:20,720 --> 00:06:22,660 and he's quite the potty mouth. 82 00:06:23,040 --> 00:06:23,720 So I do not 83 00:06:23,720 --> 00:06:26,560 condone 84 00:06:26,560 --> 00:06:28,860 this 85 00:06:28,860 --> 00:06:31,000 Twitter account's 86 00:06:31,000 --> 00:06:32,960 behavior. Zoom in 87 00:06:32,960 --> 00:06:34,180 so we can see this bad boy. 88 00:06:35,140 --> 00:06:36,420 So he just makes a point. 89 00:06:36,980 --> 00:06:44,780 uh, OMG, why are all the OGs selling? Maybe because this is the first time there has actually 90 00:06:44,780 --> 00:06:52,040 been liquidity to exit into. So if you do your, like the chain analysis and all people are talking 91 00:06:52,040 --> 00:06:58,600 about, Hey, look at these huge wallets. We're talking like billion dollar wallets selling some 92 00:06:58,600 --> 00:07:05,040 or all. And, and you're wondering like, what do they know that I don't know? And, and are they 93 00:07:05,040 --> 00:07:11,620 all leaving Bitcoin and why now and all this. And this, I just found this so compelling 94 00:07:11,620 --> 00:07:20,760 in its explanatory power to say, well, if you have been holding since like 10 cents 95 00:07:20,760 --> 00:07:29,160 and you're sitting on hundreds of millions of dollars worth of Bitcoin, but you know what moves, 96 00:07:29,280 --> 00:07:34,680 by then you know what moves the market. And you know, if I try to unload any meaningful amount, 97 00:07:35,040 --> 00:07:40,820 right? It's, I'm going to, I'm going to lose a bunch of that value as I crash the market. 98 00:07:41,420 --> 00:07:48,200 And so to the thought that, okay, this is the cycle where the whales can finally sell for the 99 00:07:48,200 --> 00:07:55,980 first time because of the ETFs and the institutional buyers. I'm like, that just makes sense. And this 100 00:07:55,980 --> 00:08:03,420 is actually a good thing to have a market that is now distributed more widely, more globally. 101 00:08:03,420 --> 00:08:14,040 And it's true. More corporate hands have it and less like random nobody cypherpunks that were nerdy enough to buy Bitcoin in 2011. 102 00:08:14,960 --> 00:08:20,320 Like, OK, it does change the market, but it's like that's a part of the growth process. 103 00:08:20,700 --> 00:08:22,340 Yeah. So I find it bullish. 104 00:08:22,780 --> 00:08:27,440 So I'd love to hear your guys' thoughts. And also as it relates, the whole psycho conversation. 105 00:08:27,440 --> 00:08:38,980 People are afraid because they think this is the, we got the peak 125 and now we're going back down to whatever, 40 or 36. 106 00:08:38,980 --> 00:08:47,720 yeah i mean i think for i i'm also compelled by it by the thesis um i'm also compelled by the 107 00:08:47,720 --> 00:08:53,380 thesis when you add the detail that i mean literally the entire stock market is held up by 108 00:08:53,380 --> 00:08:58,900 uh nvidia right now and they just got their pants pulled down in front of the whole world in terms 109 00:08:58,900 --> 00:09:05,200 of like they're fudging some of their numbers so like just the the possibility of of uncertainty 110 00:09:05,200 --> 00:09:07,380 in the broader market. 111 00:09:08,040 --> 00:09:09,720 And just if you're sitting here on the fence, 112 00:09:10,000 --> 00:09:11,420 like imagine, I mean, a lot of these guys, 113 00:09:11,500 --> 00:09:13,900 it goes up to 125, they're sitting there holding on like, 114 00:09:13,980 --> 00:09:15,560 hey, what if we go to 200? 115 00:09:16,200 --> 00:09:18,300 What if I get, what if I double the amount? 116 00:09:18,400 --> 00:09:21,440 What if I get 20 or 2 billion instead of 1 billion? 117 00:09:21,760 --> 00:09:22,700 So they're sitting there waiting. 118 00:09:22,700 --> 00:09:24,560 And then as soon as they see some broader weakness 119 00:09:24,560 --> 00:09:27,840 in the market, they're like, all right, I've seen enough. 120 00:09:28,200 --> 00:09:30,800 I don't want to, assuming something generational 121 00:09:30,800 --> 00:09:35,180 unfolds here, unwinds, I'd rather lock in my billion dollars. 122 00:09:35,200 --> 00:09:37,180 Like that just makes all the sense in the world to me. 123 00:09:37,720 --> 00:09:41,260 Um, so yeah, again, these are, these are all, there's things that make sense. 124 00:09:41,540 --> 00:09:45,280 Uh, there still is so much, so much buying out there. 125 00:09:45,580 --> 00:09:49,820 Uh, we, we have friends who are in the finance and finance industry who are just telling us 126 00:09:49,820 --> 00:09:54,780 they're like, yeah, there's another giant institution that's coming on in January and 127 00:09:54,780 --> 00:09:59,600 other, you know, just every day there's more and more institutions who've been on the sidelines 128 00:09:59,600 --> 00:10:05,060 due to fear or due to any one of a number of regulatory concerns or limitations that 129 00:10:05,060 --> 00:10:10,160 are getting in every day and so um so i i do not think we're going to be seeing the same kind of 130 00:10:10,160 --> 00:10:15,060 cycle that we've seen in the past just due to the the sheer volume of of buying that's going on right 131 00:10:15,060 --> 00:10:25,480 now yeah i also i mean um the economy is in a really rough shape like if anybody's listening 132 00:10:25,480 --> 00:10:31,400 who's in any sort of business um if you're behind the scenes if you're seeing numbers like the 133 00:10:31,400 --> 00:10:39,120 consumers in really rough shape uh you have to ignore a lot of the headlines but um yeah and 134 00:10:39,120 --> 00:10:46,640 you know bitcoin's the last functional smoke alarm to to not just inflation but also liquidity and so 135 00:10:46,640 --> 00:10:54,880 uh when the masses don't have anything to you know so it is i i do think it's a lot of og selling 136 00:10:54,880 --> 00:10:57,800 but it's also 137 00:10:57,800 --> 00:10:59,760 there's a limited number of buyers 138 00:10:59,760 --> 00:11:01,800 but it's still bullish 139 00:11:01,800 --> 00:11:03,840 because those buyers that are buying 140 00:11:03,840 --> 00:11:05,580 right now are massive institutions 141 00:11:05,580 --> 00:11:07,800 and they're picking up and they're probably preventing us 142 00:11:07,800 --> 00:11:08,840 from going into another 143 00:11:08,840 --> 00:11:11,820 bear market 144 00:11:11,820 --> 00:11:15,380 yeah I did want to say 145 00:11:15,380 --> 00:11:18,780 just on 146 00:11:18,780 --> 00:11:22,700 it'll come to me in a second 147 00:11:22,700 --> 00:11:24,420 I'll jump in there 148 00:11:24,420 --> 00:11:51,640 I'll just say like, I think in this group, I read the least about Bitcoin, even though I have committed myself to it. So it's I'm in this topic. I'm the what does that mean, guys? Guy, you know, but I will say that like if you couldn't see the price, but you just saw all the other news, you'd be like, this is exactly what we're hoping for. Exactly what we're expecting. Like nations are getting on board. Big companies are getting on board. Like all this stuff is happening. 149 00:11:51,640 --> 00:11:58,980 And as someone pointed out too, which relates to what you first said, Jordan, there's all this selling, but guess what there also is? 150 00:11:59,040 --> 00:12:00,100 People are all buying it. 151 00:12:00,240 --> 00:12:06,320 So if you don't think about the fact that everyone's also buying it, you're missing that part. 152 00:12:06,800 --> 00:12:15,500 And if you put yourself in the shoes of that 10 cent person or $100, they bought it at $100, it'd be great to get $2 billion instead of $1 billion. 153 00:12:15,800 --> 00:12:19,120 But that is nothing compared to what they've got. 154 00:12:19,120 --> 00:12:19,480 Yeah. 155 00:12:19,480 --> 00:12:25,360 So if you wanted to say, I'm going to, you know, and they're probably not all buying yachts and stuff. 156 00:12:25,480 --> 00:12:32,000 There's a, not everybody wants to do that, but they're probably saying, I'm going to put it diversified and have some extra freedom. 157 00:12:32,000 --> 00:12:40,280 And, you know, I could be wrong on this as that guy in the conversation, but, you know, there's Nick Nations involved and stuff. 158 00:12:40,480 --> 00:12:45,040 So it's not as if there's zero rocky road to still cover as Bitcoin. 159 00:12:45,040 --> 00:12:59,680 And there's like the core, I don't know if you guys think the core, uh, thing had anything to do with any of it, but, um, it's very exhausting trying to figure it out. But when you look at the other news, you go, it looks like the fundamentals are doing incredible. 160 00:12:59,680 --> 00:13:06,200 i just remembered i was just gonna say yeah the og is selling like we also need to remember 161 00:13:06,200 --> 00:13:15,340 the whole psychology of uh of life being short and depending on the age of some of these deep 162 00:13:15,340 --> 00:13:23,960 pocketed ogs or just investors 15 years has gone by right it's like what what age does that put 163 00:13:23,960 --> 00:13:28,740 them at now and then just like just do the math like how many more years do they have which 164 00:13:28,740 --> 00:13:34,620 obviously none of us know but it's like you know it doesn't mean that they're not bullish on bitcoin 165 00:13:34,620 --> 00:13:40,920 it also just you know partly it's just recognizing like life is short you know so i mean yeah sure 166 00:13:40,920 --> 00:13:45,200 they can hold out for another five or ten years and they'll be you know it'll be multiples higher 167 00:13:45,200 --> 00:13:50,020 but five or ten years might be half of the rest of their life or you know what i mean like you 168 00:13:50,020 --> 00:13:55,660 just never know so yeah another another thing is people underestimate the amount of people that own 169 00:13:55,660 --> 00:13:58,360 thousands or tens of thousands of Bitcoin. 170 00:13:59,340 --> 00:14:00,160 Like people really, 171 00:14:00,340 --> 00:14:01,840 like there are actual people out there 172 00:14:01,840 --> 00:14:03,560 who own tens of thousands of Bitcoin. 173 00:14:04,020 --> 00:14:04,940 So when they sell, 174 00:14:05,160 --> 00:14:07,380 when they see an entire wallet sell, 175 00:14:07,780 --> 00:14:08,260 they're thinking, 176 00:14:08,440 --> 00:14:11,260 oh, this one person sold all of their Bitcoin. 177 00:14:11,740 --> 00:14:13,220 And the reality is no, 178 00:14:13,500 --> 00:14:15,860 they sold all of what was in one wallet 179 00:14:15,860 --> 00:14:18,500 and they probably have probably 10 wallets. 180 00:14:19,420 --> 00:14:20,520 I agree with that. 181 00:14:20,520 --> 00:14:22,520 Like there's just people really underestimate 182 00:14:22,520 --> 00:14:24,580 that whole idea. 183 00:14:24,580 --> 00:14:31,160 and again, just the rate, I mean, the guy who, Laszlo, the guy who did Pizza Day, 184 00:14:31,800 --> 00:14:36,420 that guy had so much Bitcoin early on that Satoshi reached out to him and was like, dude, 185 00:14:36,420 --> 00:14:44,440 you're mining too much Bitcoin. And so that's the reason why he spent 10,000 Bitcoin on pizza. 186 00:14:44,620 --> 00:14:52,220 I think it's eight times. So he ended up spending like 80,000 Bitcoin on pizza in order to try to 187 00:14:52,220 --> 00:14:56,980 maintain the spirit of what Satoshi was, you know, created Bitcoin with, which was to have it more 188 00:14:56,980 --> 00:15:01,700 distributed. So there are people who are absolute whales and you might be sitting there thinking, 189 00:15:01,820 --> 00:15:06,020 well, I mean, you know, let's say there's, I mean, how many people were buying or on, 190 00:15:06,100 --> 00:15:10,720 even if it's just hundreds, even if there's only hundreds of people that own tens of, 191 00:15:10,720 --> 00:15:15,560 and a lot of these people have sold off before now, but even if there's only dozens of people 192 00:15:15,560 --> 00:15:20,140 who have tens of thousands of Bitcoin, like this, that, I mean, that's just a ton of money. 193 00:15:20,140 --> 00:15:23,600 That's a ton of money. And so for a lot of these people, yeah, they're in their fifties, 194 00:15:23,680 --> 00:15:27,420 they're probably getting close to retirement. And so in a lot of these cases, like it just, 195 00:15:27,540 --> 00:15:31,380 it makes sense. Like if, you know, we're sitting here, we're the ones sitting here 196 00:15:31,380 --> 00:15:35,960 talking about, you know, money or life being more than the accumulation of possessions. And, 197 00:15:36,080 --> 00:15:41,080 you know, just the point of Bitcoin is not just to, you know, have accumulate as much Bitcoin as 198 00:15:41,080 --> 00:15:48,260 possible. Like, you know, money exists to, to help us, you know, basically serve other people 199 00:15:48,260 --> 00:15:53,540 and to support other causes and things around the world. 200 00:15:53,740 --> 00:15:56,060 So it's just really things where it shouldn't surprise you. 201 00:15:56,120 --> 00:15:56,820 It shouldn't worry you. 202 00:15:56,900 --> 00:15:59,540 This is just another part of Bitcoin's maturity process. 203 00:16:00,780 --> 00:16:01,820 That's totally normal. 204 00:16:03,480 --> 00:16:04,000 Let's see. 205 00:16:04,160 --> 00:16:06,120 We do have, before we get into Mike Green's article, 206 00:16:06,220 --> 00:16:07,100 we'll do this last one. 207 00:16:07,500 --> 00:16:09,280 We have Miles Suter. 208 00:16:09,420 --> 00:16:11,540 This is a tweet from Miles who works for Cash App. 209 00:16:12,080 --> 00:16:13,340 We need to get Miles on. 210 00:16:13,460 --> 00:16:16,180 I talked to him a while ago and tried to get him to come on. 211 00:16:16,240 --> 00:16:17,660 And then he had his head to the plow. 212 00:16:18,260 --> 00:16:21,480 And, uh, and, uh, just kind of, kind of disappeared. 213 00:16:21,720 --> 00:16:24,080 He also came back looking like an absolute Chad. 214 00:16:24,180 --> 00:16:28,380 I don't know if you guys remember, you could tell he has been working out. 215 00:16:28,580 --> 00:16:32,140 His jaw is like a different person over the last like four years. 216 00:16:33,000 --> 00:16:45,580 So he absolutely uh looks like uh Silicon Valley Uh you know he been working out with Jack and doing a bunch of good health stuff Uh So good on you there Miles But here we go Miles shared this tweet the other day Current bounty leader 217 00:16:45,780 --> 00:16:47,540 This is Cash App. 218 00:16:48,520 --> 00:16:51,500 They offered bounties to people who help onboard small businesses. 219 00:16:51,960 --> 00:16:54,920 And our very own Ryan Finley is the current bounty leader. 220 00:16:55,020 --> 00:16:55,440 Let's go. 221 00:16:55,880 --> 00:16:56,320 Let's go. 222 00:16:57,640 --> 00:17:02,300 So what this means is that all of you need to gird your loins who are listening to this under the sound of my voice. 223 00:17:02,580 --> 00:17:04,841 Please go gird your loins and dethrone him. 224 00:17:04,980 --> 00:17:05,220 Okay. 225 00:17:05,680 --> 00:17:07,360 So what is this about, Ryan? 226 00:17:07,460 --> 00:17:08,520 What have you been doing? 227 00:17:09,000 --> 00:17:09,820 What's the secret? 228 00:17:10,101 --> 00:17:13,440 And for folks that don't know about the new Square launch, what is this? 229 00:17:13,440 --> 00:17:24,880 I just literally went to my four of like four restaurants slash bar breweries in my community and just onboarded them really quickly. 230 00:17:26,560 --> 00:17:30,660 Yeah, I frequent them quite a bit, the different places. 231 00:17:30,940 --> 00:17:33,101 And so, yeah, just started off with people. 232 00:17:33,101 --> 00:17:35,500 I know I honestly haven't worked that hard to get other ones. 233 00:17:35,601 --> 00:17:36,820 I could, I could get a lot more. 234 00:17:37,480 --> 00:17:39,101 So, but yeah, like the, 235 00:17:39,880 --> 00:17:43,101 probably the biggest selling point for anyone else that wants to, 236 00:17:43,180 --> 00:17:47,960 to get merchants in their community accepting Bitcoin was the simple sales 237 00:17:47,960 --> 00:17:49,601 tactic of like, Hey, 238 00:17:49,601 --> 00:17:52,740 you guys can actually keep the entire transaction amount. 239 00:17:53,220 --> 00:17:59,040 So whenever anyone pays via lightning invoice over squares, 240 00:17:59,400 --> 00:18:02,540 you know, a point of sale system, I think they're, 241 00:18:02,540 --> 00:18:06,980 they're waiving all fees for all of 2020s or for the next year, basically. 242 00:18:07,560 --> 00:18:09,000 Uh, so they keep the full amount. 243 00:18:09,760 --> 00:18:11,040 Um, so yeah. 244 00:18:11,520 --> 00:18:13,980 And then it puts them on the Bitcoin, the BTC map. 245 00:18:13,980 --> 00:18:19,440 So all travelers that are coming up and down I-5, uh, like as I, when I travel, I'm going 246 00:18:19,440 --> 00:18:25,200 to now stop and frequent, uh, different coffee shops and restaurants and food trucks that 247 00:18:25,200 --> 00:18:29,460 accept Bitcoin just to encourage them and try to build the ecosystem. 248 00:18:29,880 --> 00:18:32,420 So yeah, it's been cool. 249 00:18:32,420 --> 00:18:37,080 As a restaurant owner, that's a good incentive because a lot of times margins are like 5%. 250 00:18:37,080 --> 00:18:44,900 So if you get 2.7 or whatever percent back on your things, that's, I mean, that you don't have to pay. 251 00:18:44,980 --> 00:18:45,700 That's significant. 252 00:18:45,700 --> 00:18:45,960 Yeah. 253 00:18:46,560 --> 00:18:50,620 It's, you know, if you guys ever, I mean, I think everyone should do it at some point. 254 00:18:50,680 --> 00:18:57,620 Just go talk, ask to talk to the owner of a coffee shop or a restaurant and ask them how much they pay in credit card fees every year. 255 00:18:57,620 --> 00:19:05,460 it's literally tens of thousands of dollars just to be able to accept payments dude like 256 00:19:05,460 --> 00:19:11,341 if this catches on and already uh i've already tested out a squares feature where you don't even 257 00:19:11,341 --> 00:19:16,520 like you can use the bitcoin lightning rails and it'll pull the cash out of your so like you 258 00:19:16,520 --> 00:19:24,220 basically you scan the qr code to pay for your um for your item and if you scan it using the cash 259 00:19:24,220 --> 00:19:30,900 app it'll actually give you an option send your your some of your bitcoin or send bitcoin via your 260 00:19:30,900 --> 00:19:37,120 cash balance so it auto converts it if you use it so you can pick cash balance and everyone's like 261 00:19:37,120 --> 00:19:41,640 so you know i saw people oh you're gonna regret selling now you don't even have to sell you if 262 00:19:41,640 --> 00:19:46,160 you want to use squirt's entire ecosystem you can just you can use send the bitcoin over there 263 00:19:46,160 --> 00:19:53,900 yeah so or you can just buy more whatever you want to do um but it's really cool it is 264 00:19:53,900 --> 00:19:59,700 Square, again, they, uh, or Cash App, they were, Miles was talking about the fact that they try to 265 00:19:59,700 --> 00:20:03,420 basically keep their head to the plow and not talk about stuff until they have stuff. 266 00:20:03,720 --> 00:20:06,720 You know, the whole proof of work concept, they don't want to talk about stuff until they're 267 00:20:06,720 --> 00:20:11,420 releasing stuff and they've just done a great job. So, um, salute to them. We'd love to get Jack 268 00:20:11,420 --> 00:20:16,360 on the program at some point. Let's go Jack. Come on. Uh, you support two of our friends. We, 269 00:20:16,420 --> 00:20:20,780 we'd love to come on and talk to you, have you on and talk to you about that. Um, all right. So 270 00:20:20,780 --> 00:20:22,220 let's get into this Mike Green article. 271 00:20:22,500 --> 00:20:25,341 Ash, you, you are a podcast polygamist. 272 00:20:25,440 --> 00:20:26,640 You're, you're leaving us early. 273 00:20:26,640 --> 00:20:29,260 So let's, let's hurry up and talk about this. 274 00:20:31,860 --> 00:20:33,980 That took a minute for me to like register. 275 00:20:35,240 --> 00:20:37,800 I'm like, I co-host another podcast. 276 00:20:37,800 --> 00:20:38,280 That's right. 277 00:20:38,420 --> 00:20:39,780 We call that podcast polygamy. 278 00:20:40,200 --> 00:20:43,180 And so why did we start late Jordan? 279 00:20:44,300 --> 00:20:46,180 Cause Matt couldn't get his life together. 280 00:20:46,341 --> 00:20:47,420 Let's see here. 281 00:20:47,420 --> 00:20:51,140 All right, Ryan, introduce this article to us. 282 00:20:53,720 --> 00:20:58,660 Yeah, so Mike Green basically, he goes back. 283 00:20:58,880 --> 00:21:00,180 I'll try to summarize it. 284 00:21:01,100 --> 00:21:02,380 Here, I'm pulling it up right now. 285 00:21:02,540 --> 00:21:02,900 There you go. 286 00:21:03,920 --> 00:21:04,180 Yeah. 287 00:21:05,100 --> 00:21:08,540 So he went back to the original U.S. poverty line, 288 00:21:08,540 --> 00:21:10,900 which it was originally defined in 1963, 289 00:21:11,840 --> 00:21:17,000 with the threshold being three times a minimum food budget. 290 00:21:17,420 --> 00:21:32,960 Um, and he just systematically goes through and, uh, basically it just kind of exposes how the books have been cooked, um, over the, all these decades since then. 291 00:21:33,420 --> 00:21:45,320 And, uh, to, to basically make people in our, in our country, like it's basically to hide the fact that an increasing amount of the people in the United States are actually in poverty. 292 00:21:45,320 --> 00:21:52,040 and he basically he comes up with the number of 140 000 being the actual real threshold 293 00:21:52,040 --> 00:22:01,380 for for a family i think it's a family of four um where any if you're making less than that 294 00:22:01,380 --> 00:22:06,440 you're probably in poverty now we're going to do a lot of caveats as we talk about it and stuff 295 00:22:06,440 --> 00:22:15,580 like that but um because he he throws in there that you know uh it triggers both both parents 296 00:22:15,580 --> 00:22:24,440 working which then triggers a large child care expense so um there is a way to bring that number 297 00:22:24,440 --> 00:22:31,940 down for example um but anyways the main point like i would say to summarize probably his most 298 00:22:31,940 --> 00:22:39,620 thunderous point of the article is this, he calls it the valley of death trap. And where 299 00:22:39,620 --> 00:22:45,200 a person or a family that's trying, they're just, they want to be super faithful. They want to work 300 00:22:45,200 --> 00:22:50,720 super hard to increase their income, to increase their quality of life and, you know, put themselves 301 00:22:50,720 --> 00:22:57,340 in a better financial position. They lose the ground as they make more money. So like he says, 302 00:22:57,340 --> 00:23:06,380 for example the $45,000 to $65,000 increase in income triggers massive increases of the cost 303 00:23:06,380 --> 00:23:13,440 so they actually end up going backwards so uh yeah in the backwards in the sense of increased 304 00:23:13,440 --> 00:23:19,400 costs of child care but also loss of like for example if they're on government benefits whether 305 00:23:19,400 --> 00:23:24,120 whether it was food or housing or medical or anything like that. 306 00:23:24,680 --> 00:23:28,720 And yeah, and I think he just basically put into words 307 00:23:28,720 --> 00:23:32,400 what a lot of people have felt for a long time. 308 00:23:33,440 --> 00:23:37,800 And, but people really don't talk about it. 309 00:23:38,120 --> 00:23:40,660 And yeah, it's just, it's really powerful 310 00:23:40,660 --> 00:23:44,140 because I think things are a lot bleaker than we understand 311 00:23:44,140 --> 00:23:48,640 and certainly bleaker than our government likes to portray themselves as. 312 00:23:49,400 --> 00:23:55,241 but yeah I mean just the this whole idea of I mean I've experienced this of you know you're 313 00:23:55,241 --> 00:24:00,040 making a certain amount of money and you realize oh hey I'm I'm you know I'm you're thinking about 314 00:24:00,040 --> 00:24:03,120 getting a raise you're thinking about something like that you know as you're calculating you're 315 00:24:03,120 --> 00:24:07,960 like oh wait a second now I'm going to be paying more in taxes and you just start to realize wait 316 00:24:07,960 --> 00:24:12,800 a second and this this happens he talks about this happens each one of these income increase levels 317 00:24:12,800 --> 00:24:19,080 and and so you just start to look at the incentives like you're you're actually incentivized to do 318 00:24:19,080 --> 00:24:25,040 less work and to be less productive because you're worried about the taxes that you're going to pay. 319 00:24:25,540 --> 00:24:29,160 And so it's this, again, the whole concept of you don't get what you want, you get what you 320 00:24:29,160 --> 00:24:36,260 incentivize. It's a really just disgusting thing. We need to do a larger series about taxes, 321 00:24:37,200 --> 00:24:43,140 a larger episode about taxes and how we just have kind of really just lost sight of why do taxes 322 00:24:43,140 --> 00:24:48,520 exist? What is the purpose of them? I just think the average person just doesn't want to spend the 323 00:24:48,520 --> 00:24:53,680 time to think about it and so they just put their head down and just pay it and um and it's just 324 00:24:53,680 --> 00:25:01,360 gotten to just absolutely insane insane levels um ash matt you want to add anything so i put 325 00:25:01,360 --> 00:25:06,080 something in the chat okay uh and then i think that would be up matt pretty well though okay 326 00:25:06,080 --> 00:25:10,940 cool yeah this is you guys are going to need the uh academy award music for me and just be like 327 00:25:10,940 --> 00:25:17,080 time to shut up matt so i'll let you're ready for the the the epic rant rant but 328 00:25:17,080 --> 00:25:19,140 Bauncy Chips. Here we go. 329 00:25:19,620 --> 00:25:20,720 I'll set Matt up. 330 00:25:21,180 --> 00:25:23,220 Matt lives in the most perfect 331 00:25:23,220 --> 00:25:24,741 spot in the United States that 332 00:25:24,741 --> 00:25:26,680 exemplifies this article. 333 00:25:27,040 --> 00:25:28,800 I honestly don't think there's 334 00:25:28,800 --> 00:25:31,280 I think it's probably the most 335 00:25:31,280 --> 00:25:32,620 impacted state 336 00:25:32,620 --> 00:25:35,100 in the country when it comes to 337 00:25:35,100 --> 00:25:37,320 literally everyone understanding what 338 00:25:37,320 --> 00:25:39,180 Mike Green is saying in that 339 00:25:39,180 --> 00:25:41,080 article. So if it was 340 00:25:41,080 --> 00:25:43,280 blasted on a bullhorn, everyone 341 00:25:43,280 --> 00:25:44,860 in Hawaii would be like, uh-huh. 342 00:25:44,960 --> 00:25:46,320 Amen. Absolutely. 343 00:25:47,080 --> 00:25:56,160 so just real quick to to read this post um bren has a nanny single mom paying her 35k 344 00:25:56,160 --> 00:26:01,320 i love that we're using opportunity cost plugins that's right thank the shout to the 345 00:26:01,320 --> 00:26:06,820 point for btc shout to the homie mario a year in cash wife and him wanted to pay her above the 346 00:26:06,820 --> 00:26:13,120 table sat down with uh with her and told her he was going to raise her pay to offset lost benefits 347 00:26:13,120 --> 00:26:14,700 from paying her above the table, 348 00:26:14,900 --> 00:26:16,060 walk through the lost benefits. 349 00:26:16,520 --> 00:26:18,300 She'd financially be break-even at, 350 00:26:18,720 --> 00:26:19,640 wait for it, 351 00:26:19,940 --> 00:26:23,560 70K of above-the-table pay. 352 00:26:23,800 --> 00:26:25,160 We broke the system, guys. 353 00:26:27,120 --> 00:26:27,680 Yeah. 354 00:26:28,040 --> 00:26:28,560 Yeah. 355 00:26:29,780 --> 00:26:30,380 It's... 356 00:26:30,380 --> 00:26:31,280 Goodness gracious. 357 00:26:31,280 --> 00:26:32,860 Yeah, dude, it's crazy. 358 00:26:33,520 --> 00:26:35,560 Actually, I can't even remember 359 00:26:35,560 --> 00:26:37,280 if he touches on it, 360 00:26:37,300 --> 00:26:37,660 but yeah, 361 00:26:38,180 --> 00:26:39,220 the increase in income 362 00:26:39,220 --> 00:26:40,140 shoots some people 363 00:26:40,140 --> 00:26:41,501 into the higher tax bracket. 364 00:26:41,501 --> 00:26:48,820 government claw comes out scoops it away and all of a sudden you just lost your your you lost your 365 00:26:48,820 --> 00:26:54,100 medicate or whatever it is you lost your health insurance up another claw comes out scrapes another 366 00:26:54,100 --> 00:27:03,400 bunch next thing you know it's like it's yeah it's pretty crazy um yeah mad do you want to do 367 00:27:03,400 --> 00:27:08,620 you want to kind of share what uh what you see on the light yeah totally and i another thing if 368 00:27:08,620 --> 00:27:13,780 i'm speaking to a hater out there of this article i've like yesterday it came out and we were looking 369 00:27:13,780 --> 00:27:18,220 at it and then it wasn't till like this morning i started seeing the haters come out i think they 370 00:27:18,220 --> 00:27:22,700 like kind of couldn't argue about it and then finally in the morning they're like this is dumb 371 00:27:22,700 --> 00:27:30,380 you know um or someone very eloquently argued but that's a crazy number you know and here's what i 372 00:27:30,380 --> 00:27:35,880 would say it's the federal reserve it's like they're it's their marketing their marketing 373 00:27:35,880 --> 00:27:36,880 Yeah. 374 00:27:38,640 --> 00:27:39,040 Yeah. 375 00:27:39,040 --> 00:27:39,440 You know, 376 00:27:39,520 --> 00:27:45,880 Twitter needs to do this thing where instead of just countries, 377 00:27:45,880 --> 00:27:46,940 if it's coming from DC, 378 00:27:47,080 --> 00:27:48,120 it says it's coming from DC. 379 00:27:48,980 --> 00:27:49,001 But, 380 00:27:49,001 --> 00:27:50,400 but yeah. 381 00:27:50,540 --> 00:27:52,340 So to start to set things up, 382 00:27:52,380 --> 00:27:55,080 I think whether you agree with the number or not, 383 00:27:55,660 --> 00:27:56,720 you need to get the point. 384 00:27:57,120 --> 00:27:57,700 You know, 385 00:27:57,741 --> 00:28:00,280 I think he's doing a really great pedagogy here. 386 00:28:00,360 --> 00:28:03,140 I just preached a sermon two weeks ago called hate your mom. 387 00:28:04,001 --> 00:28:05,200 And it's, 388 00:28:05,200 --> 00:28:08,880 It's where Jesus says, you have to hate yourself. 389 00:28:08,980 --> 00:28:09,840 You have to hate your mom. 390 00:28:09,960 --> 00:28:12,980 You have to hate everything in comparison to God. 391 00:28:13,320 --> 00:28:13,360 Right. 392 00:28:13,501 --> 00:28:16,100 And so to be fair, he said both moms and dads. 393 00:28:16,200 --> 00:28:18,761 We don't want angry letters from moms who feel singled out here. 394 00:28:19,100 --> 00:28:19,640 Yeah, that's true. 395 00:28:19,720 --> 00:28:21,540 But I felt like mom was a stronger title. 396 00:28:22,400 --> 00:28:23,980 So and here's my point. 397 00:28:24,060 --> 00:28:28,261 The perfect pedagogue, Jesus, is making a point. 398 00:28:28,261 --> 00:28:34,040 So whether you agree with 130 or not, take it in and consider what is going on in this article. 399 00:28:34,040 --> 00:28:47,261 You know, so yeah, where I live is in the poorer area of Hawaii. And I would I would say with confidence, more than 80 percent of households are on are below the poverty line and working. 400 00:28:47,380 --> 00:28:53,300 In other words, it's not homeless. It's not like that. It's working under the poverty line. 401 00:28:53,300 --> 00:29:08,741 And I think that everyone, just as Ryan said, everybody, and this is where Oshawa grew up, so he knows it well, everybody knows this. Probably most people here know it mentally. Everybody knows it at the heart level. 402 00:29:08,741 --> 00:29:16,460 and um i would even go so far as to say in a lot of ways this article to me spoke to some of the 403 00:29:16,460 --> 00:29:21,800 rage of the younger generation right now but they don't know how to put it into words but he put it 404 00:29:21,800 --> 00:29:26,960 into words that that whether you agree with the numbers or not he pointed out the uh the bad guys 405 00:29:26,960 --> 00:29:32,800 and the uh whole scenario really really well so you know a couple things just off the top of my 406 00:29:32,800 --> 00:29:37,920 head not only are you gonna lose let's say you go above the prop the poverty line not only are 407 00:29:37,920 --> 00:29:42,900 you're going to lose your Medicaid insurance, but actually your new insurance is likely to be worse, 408 00:29:43,040 --> 00:29:47,360 actually. You know, in other words, it won't cover everything and they're going to argue with you 409 00:29:47,360 --> 00:29:51,980 about stuff and they're going to try to make, they're going to try to not pay and it's going 410 00:29:51,980 --> 00:29:57,880 to be super expensive. And so I would say for more than the last decade, I've been saying here 411 00:29:57,880 --> 00:30:03,501 in Hawaii, I've been telling people about this in some of the same words even. And I felt really 412 00:30:03,501 --> 00:30:08,580 justified by the article because I always put the number over six figures. I always said like, 413 00:30:08,940 --> 00:30:14,220 don't even bother unless for sure you're over a hundred K and maybe more like one 50, 414 00:30:14,220 --> 00:30:18,380 because it really depends on you. It depends on what you want to do. There's a lot, people have 415 00:30:18,380 --> 00:30:22,120 all different priorities in their life, but I've been saying this for a decade and to have him come 416 00:30:22,120 --> 00:30:28,100 up with these numbers is like, that's what I've been saying. You know, now over the course of 417 00:30:28,100 --> 00:30:33,340 generations, people arrange their life around this principle to where you can actually live 418 00:30:33,340 --> 00:30:38,620 a very comfortable life depending where you have free time, you have time to visit family, 419 00:30:38,741 --> 00:30:41,761 you have time to go to the beach, you have time to work on your car, you have time to 420 00:30:41,761 --> 00:30:46,761 do other things and remain under the poverty line, technically speaking. 421 00:30:47,261 --> 00:30:56,060 Some of that is through illegal tax evasion, which as the social contract is broken, that 422 00:30:56,060 --> 00:30:59,720 is no longer even looked upon as a social bad. 423 00:30:59,720 --> 00:31:07,001 In other words, you go and you know somebody who you're doing business with is under the table or they're evading taxes and no one cares anymore. 424 00:31:07,120 --> 00:31:10,140 Whereas maybe 100 years ago, that would be like, hey, I know what you're doing. 425 00:31:10,780 --> 00:31:14,660 You know, I'm not selling you my Facebook marketplace thing or something like that, you know. 426 00:31:15,220 --> 00:31:16,120 That's gone. 427 00:31:16,580 --> 00:31:20,120 And in many nations around the world, it's gone, gone. 428 00:31:20,580 --> 00:31:22,080 Like completely gone. 429 00:31:22,580 --> 00:31:28,480 I remember a story in, I think it was in, I think it was in Kenya, but it was like about a guy trying to go start a business. 430 00:31:28,480 --> 00:31:34,001 and the guy in the tax office is like, what are you doing here? Get out of here before anybody 431 00:31:34,001 --> 00:31:39,540 sees you. In other words, even the guy in the office and on the ground level is like, 432 00:31:39,600 --> 00:31:46,040 don't come in here to tell people you're starting a business. So I could go a lot of directions with 433 00:31:46,040 --> 00:31:51,080 this, but I'll say this too. So parallel this with what we talk about with inflation as Bitcoiners 434 00:31:51,080 --> 00:31:56,860 quite a bit. You need to learn to hate the inflation. That's one part. And then you need 435 00:31:56,860 --> 00:32:02,540 to learn the second part is how much cheaper things should actually be because of advances 436 00:32:02,540 --> 00:32:08,620 in technology so then it's like bam bam like it's a one two knockout like not only is the supply 437 00:32:08,620 --> 00:32:13,160 increased but everything should be like one quarter the price because of the advances we've 438 00:32:13,160 --> 00:32:17,820 made but instead they just keep inflating it away to where it's actually harder and it should be like 439 00:32:17,820 --> 00:32:23,540 five times easier you know and I think that's what's going on with this too is is you go um 440 00:32:23,540 --> 00:32:29,920 okay uh the price it's not just that people are lazy it's like the prices of insurance what sets 441 00:32:29,920 --> 00:32:34,960 that oh the fact that the government's involved at all levels and so i just had a talk with another 442 00:32:34,960 --> 00:32:40,741 christian person here at my house like a couple days ago and they were talking about jordan i don't 443 00:32:40,741 --> 00:32:45,020 know what you florida people are doing but they're in florida and they had to do an overnight there 444 00:32:45,020 --> 00:32:50,520 in the hospital and it was like bill for eight thousand dollars yep you know and so we're talking 445 00:32:50,520 --> 00:32:54,340 about, okay, and then for some reason their insurance doesn't transfer over. And it's like, 446 00:32:55,380 --> 00:32:59,020 if you, and I've never done this, so I don't want to speak as though I'm an expert, but from what I 447 00:32:59,020 --> 00:33:03,700 understand, if you go back there, maybe you don't pay it for six months or a year. And then you go 448 00:33:03,700 --> 00:33:08,340 back and say, I don't have 8,000. Would you take 800? You know, a lot of times they're going to say 449 00:33:08,340 --> 00:33:12,960 yes, because these things are hyperinflated because the insurance companies are going to pay 450 00:33:12,960 --> 00:33:25,101 for it And they hyperinflated for the insurance companies because insurance is mandatory and then same thing with school exact same thing with school Why is school the price that it is Because the loans are so easy 451 00:33:25,101 --> 00:33:31,701 to get that the price goes up. So maybe a final example, and you guys can tell me to stop or keep 452 00:33:31,701 --> 00:33:39,041 going, but I can think of an example here. We have a farmer's market, not a small one, 453 00:33:39,301 --> 00:33:42,841 and I've observed over the period of time, sometimes we sell stuff at the farmer's market, 454 00:33:42,841 --> 00:33:47,901 sometimes we go the way that the system is set up and i don't even know how intentional it is i think 455 00:33:47,901 --> 00:33:54,601 it's like the market at play you can go there with your ebt and you go to the counter and you get ebt 456 00:33:54,601 --> 00:33:59,701 tokens then you can go around the market and buy stuff but people are going around and buying hot 457 00:33:59,701 --> 00:34:05,481 food all the time prepared food burgers you know thai food all that kind of stuff that is not allowed 458 00:34:05,481 --> 00:34:11,461 with snap bucks but it's like it's like the responsibility is in is intentionally in the 459 00:34:11,461 --> 00:34:16,801 community. And I'm saying this is the community's response to the Fed. I'm sure it happens all over 460 00:34:16,801 --> 00:34:23,941 the place. No one is keeping track. And there's no big guy to get in trouble. So even if you went 461 00:34:23,941 --> 00:34:27,741 there as an inspector, it'd be like, well, we tell them what they're allowed to do and not allowed to 462 00:34:27,741 --> 00:34:32,601 do. And if they went and bought kebabs or something like that, now, oh, who gets in trouble? The guy 463 00:34:32,601 --> 00:34:36,441 that bought a kebab and the guy that sold a kebab. And guess what? There's no money there for you. 464 00:34:36,441 --> 00:35:04,401 So too bad for you, Uncle Sam. So my point is this is probably multiplied times a million all over the country. In countries that I visited Italy and I mentioned other, you know, this is literally the way of life. This is why banks start saying, oh, you want to take out $500? What is it for? You know, because it gets so egregious that the compact between magistrate and citizen is like broken completely. 465 00:35:04,401 --> 00:35:10,681 yeah so he he laid out i think he laid out the players perfectly well the numbers are not the 466 00:35:10,681 --> 00:35:16,961 most important part uh the point is is that this has been um this has been broken and i think the 467 00:35:16,961 --> 00:35:23,401 rage that's going on in the zoomer and the younger generation um this is a very strong part of the 468 00:35:23,401 --> 00:35:28,321 explanation for it yeah and you get you get i mean one of the things we we haven't talked a lot about 469 00:35:28,321 --> 00:35:33,201 this because we and it's been i mean we haven't done episodes in a few weeks but i mean one of 470 00:35:33,201 --> 00:35:38,021 the things that you see you see people trying to reconcile and trying to deal with these realities 471 00:35:38,021 --> 00:35:42,621 and trying to make sense of them and so one example of this of somebody doing this poorly 472 00:35:42,621 --> 00:35:49,941 is um asha's favorite podcaster uh nick fuentes who basically talks about uh you know the fact 473 00:35:49,941 --> 00:35:55,421 that he he's basically espousing on the one hand you have him talking about i've i've literally 474 00:35:55,421 --> 00:36:00,681 never listened to the guy i saw he was on tucker and i'm like i'll skip that episode because 475 00:36:00,681 --> 00:36:06,641 you have to like you have to like interrupt and be like no no no wait i'm not please don't destroy 476 00:36:06,641 --> 00:36:14,361 my house uh but so flint says who's you know on the one hand says conservative things and gets 477 00:36:14,361 --> 00:36:21,281 called like a radically right-wing person personality he is advocating to to like work 478 00:36:21,281 --> 00:36:26,981 with the socialist and like to bring about a socialist socialist economic policies because 479 00:36:26,981 --> 00:36:32,181 he just basically sees, he sees the, just the absolute farce that is the economy and 480 00:36:32,181 --> 00:36:33,701 recognize that it's untenable. 481 00:36:33,941 --> 00:36:38,961 And so this is like, it really is one of these things where, uh, it's one of these situations 482 00:36:38,961 --> 00:36:40,741 where it looks hopeless. 483 00:36:41,101 --> 00:36:44,221 It looks so hopeless because of the incentives involved. 484 00:36:44,301 --> 00:36:48,181 And because of, you know, just the, you need a revolution. 485 00:36:48,181 --> 00:36:50,541 Like this is, it actually is true. 486 00:36:50,821 --> 00:36:52,381 Uh, like you need a revolution. 487 00:36:52,381 --> 00:36:54,021 There has to be something that changes. 488 00:36:54,021 --> 00:37:14,141 And if you don't have a conception for Bitcoin, you're going to look for a, you know, quote unquote quicker, you know, revolution. And so it's going to lead to, you know, people falling headlong, you know, after people creating plans that are not good plans. It's going to go very poorly. 489 00:37:14,141 --> 00:37:19,401 there was there was a quote that can i say one thing there was a quote that was like i don't i 490 00:37:19,401 --> 00:37:25,061 don't have a perfect but it's in the article there and it was like it's it's not that this is the 491 00:37:25,061 --> 00:37:30,761 price this is not the entry point into like um being middle class or something like that he says 492 00:37:30,761 --> 00:37:35,821 this is the price of just participation i thought that was a powerful thing because you can say oh 493 00:37:35,821 --> 00:37:40,561 well you have your iphone and you have your vehicle and you have your this and like all that 494 00:37:40,561 --> 00:37:45,961 stuff is over-regulated and all that stuff is just literally the price of like, do you want to be able 495 00:37:45,961 --> 00:37:51,061 to even like, um, communicate with anybody? Do you want to be able to log into your bank account? 496 00:37:51,341 --> 00:37:54,681 You're not even going to be able to do without two factor authorization and all, and all this 497 00:37:54,681 --> 00:38:00,941 other stuff. So a lot of these things that are, might seem like luxuries, they're luxurious in a 498 00:38:00,941 --> 00:38:06,181 certain sense, but in another sense, unless you just want to be, um, like eating bears in the 499 00:38:06,181 --> 00:38:11,441 woods or something like that you have to have these things it's the price of it's the cost of 500 00:38:11,441 --> 00:38:18,481 participation matt a big apparently a big uh robert f kennedy jr fan uh talking about eating bears uh 501 00:38:18,481 --> 00:38:25,161 ash you have anything else you want to add go ahead ryan no i was just gonna say uh i think we should 502 00:38:25,161 --> 00:38:33,861 talk about so like how should we respond especially as dads as christians um i had a conversation with 503 00:38:33,861 --> 00:38:41,621 my other friend jordan um and you know he he brings up good points um he was talking about like 504 00:38:41,621 --> 00:38:50,261 first of all uh those numbers should be rebuked you know as like if we're being wise stewards we 505 00:38:50,261 --> 00:38:56,521 should be you know way more frugal um so we i agree we 100 the numbers can get way down 506 00:38:56,521 --> 00:39:00,841 and if you're not being foolish with your finances. 507 00:39:01,801 --> 00:39:04,761 And a big number there is the child care. 508 00:39:04,861 --> 00:39:07,641 The child care, he had like 35K for child care. 509 00:39:07,921 --> 00:39:08,121 Yeah. 510 00:39:08,281 --> 00:39:11,781 Now you have to, so that's, I think we should talk about that 511 00:39:11,781 --> 00:39:13,261 of one income versus two income 512 00:39:13,261 --> 00:39:15,941 because what happens is the one income shoots, 513 00:39:16,101 --> 00:39:20,421 gets you another 60K, but then costs you another 35. 514 00:39:20,961 --> 00:39:23,061 And potentially costs you your kids. 515 00:39:23,961 --> 00:39:24,181 Yep. 516 00:39:24,661 --> 00:39:26,281 So that's the ultimate, like, 517 00:39:26,281 --> 00:39:32,821 so the biggest yeah biggest thing right there is do whatever like if i could pass on any advice 518 00:39:32,821 --> 00:39:39,701 it'd be literally do whatever you possibly can to not have your wife work so that she can stay 519 00:39:39,701 --> 00:39:46,821 home with your kids and raise them and educate them um it's not worth it it's not worth sending 520 00:39:46,821 --> 00:39:55,221 your kids away and i i have dear friends to do that um i mean it's just uh it's not worth it 521 00:39:55,221 --> 00:40:01,081 especially when you do the math, like, because how much are you actually like, 522 00:40:01,181 --> 00:40:05,261 count the cost, like how much you actually bringing in extra revenue for your family 523 00:40:05,261 --> 00:40:09,621 versus literally not being able to be with your kids all day and sending them away, you know? 524 00:40:11,201 --> 00:40:16,581 But, and, and ultimately, yeah. 525 00:40:16,581 --> 00:40:23,501 So I think it's like, just on the faithfulness part, you know, being frugal, being a wise steward, 526 00:40:23,501 --> 00:40:28,981 not buying things you shouldn't spending within your means uh not living with unrealistic 527 00:40:28,981 --> 00:40:35,941 expectations if you really can't afford something then just don't you know don't do it so assuming 528 00:40:35,941 --> 00:40:41,781 i think we should start the conversation assuming that um especially for young people just starting 529 00:40:41,781 --> 00:40:48,421 out today uh it's extremely important for parents to walk them through all this kind of stuff because 530 00:40:48,421 --> 00:40:53,181 that's like the fundamentals it's like okay the beginning of the ball game you need to literally 531 00:40:53,181 --> 00:41:01,801 be driving an old car like that you own that you paid twelve hundred dollars for uh and you know 532 00:41:01,801 --> 00:41:10,041 you don't have just this year living a frugal life working hard being faithful um so your family and 533 00:41:10,041 --> 00:41:17,961 your family can flourish um but you know realistically and again i think everyone's 534 00:41:17,961 --> 00:41:22,461 gonna have to start talking about this it has never been more difficult to start out in life 535 00:41:22,461 --> 00:41:30,041 as it is today that's just a fact you know um it's extremely expensive to to get into a house 536 00:41:30,041 --> 00:41:37,801 to rent to buy to do anything like that so i think you know my one of my main comments was that i 537 00:41:37,801 --> 00:41:43,881 think christians are gonna have to to do some radical things uh like include just literally 538 00:41:43,881 --> 00:41:50,041 living differently than you know we have over the previous just throw it out there 80 to 100 years 539 00:41:50,041 --> 00:42:02,701 And the one thing that I would add, well, there's a bunch of things we could add, but one thing that I would add is the other part of his calculation is the, is the built-in assumption that you're going to live like on your own. 540 00:42:02,701 --> 00:42:06,821 Like you're, you're going to, your economic existence is going to be lived as an individual. 541 00:42:07,161 --> 00:42:13,001 And like, I just think there's so much, like there's so much that we're, we're Christians should be challenging this. 542 00:42:13,161 --> 00:42:18,821 And just, and again, not when, not communal living, not like living on a commune necessarily, something like that. 543 00:42:18,821 --> 00:42:37,581 But just when you think about, I mean, just the way that you think about your life as parents and with your kids, like you should be, you should be from a, when your kids, as soon as they are old enough to work and are old enough to be able to just handle themselves, like you should be like, we should be already having these conversations about like working and about being productive. 544 00:42:37,581 --> 00:42:44,481 And like part of being human is being productive and not just, you know, just consuming resources. 545 00:42:44,901 --> 00:42:52,981 Because on the one hand, while Ryan is correct, that it has never been more difficult in terms of economically, in terms of how much you're being taxed and how much all these things. 546 00:42:53,381 --> 00:42:56,661 It's also never been easier to make money. 547 00:42:57,521 --> 00:43:05,921 Like in terms of just like the, I mean, you can literally ask ChatGPT for business ideas and business plans and it will literally spell it everything for you. 548 00:43:05,921 --> 00:43:09,581 And then the only thing that you need is just actually go and do it. 549 00:43:09,721 --> 00:43:10,561 And so like, 550 00:43:10,641 --> 00:43:11,901 you have to show up, 551 00:43:12,201 --> 00:43:13,661 just show up and work hard. 552 00:43:13,721 --> 00:43:14,541 And so like, 553 00:43:14,641 --> 00:43:14,841 again, 554 00:43:14,901 --> 00:43:15,021 that, 555 00:43:15,021 --> 00:43:15,521 that, 556 00:43:15,521 --> 00:43:15,721 that, 557 00:43:15,981 --> 00:43:17,021 what I'm not saying is that, 558 00:43:17,021 --> 00:43:20,161 that isn't necessarily the case for brick and mortar businesses, 559 00:43:20,161 --> 00:43:24,201 but in terms of just going to your next door neighbor or going around your 560 00:43:24,201 --> 00:43:27,021 neighborhood and literally picking up trash, 561 00:43:27,061 --> 00:43:28,081 like picking up, 562 00:43:28,421 --> 00:43:29,381 picking up things that, 563 00:43:29,481 --> 00:43:29,661 you know, 564 00:43:29,661 --> 00:43:31,021 free furniture and stuff like that. 565 00:43:31,021 --> 00:43:31,641 Like you can, 566 00:43:31,901 --> 00:43:32,081 I mean, 567 00:43:32,081 --> 00:43:32,321 Ryan, 568 00:43:32,381 --> 00:43:32,501 you, 569 00:43:32,601 --> 00:43:34,801 you are getting back into the appliance repair business. 570 00:43:34,801 --> 00:43:35,761 Like there are people, 571 00:43:35,761 --> 00:43:43,801 The amount of wealth in the United States, especially with wealthier people that they are just getting rid of without even thinking about it is insane. 572 00:43:44,461 --> 00:43:46,501 And so there's all kinds of opportunities. 573 00:43:47,141 --> 00:43:49,801 And at the same time as we're saying, this is horrible, this is unsustainable. 574 00:43:49,861 --> 00:43:50,301 It is. 575 00:43:50,761 --> 00:44:00,081 But at the same time, like there is a humongous opportunity for hardworking people to just get out there and make money because there's tremendous. 576 00:44:00,081 --> 00:44:03,401 there's a tremendous amount of lazy people who don't want to work, 577 00:44:03,481 --> 00:44:07,401 who are terrified of hard work and are unwilling to do it. 578 00:44:07,401 --> 00:44:12,481 And so, I mean, just if you're a hardworking person who has a shred of integrity, 579 00:44:12,681 --> 00:44:15,481 like you can straight rake in this environment at the same time. 580 00:44:16,241 --> 00:44:16,381 Yeah. 581 00:44:17,121 --> 00:44:17,401 I think... 582 00:44:18,241 --> 00:44:18,701 Very good. 583 00:44:19,761 --> 00:44:20,601 I'll just... 584 00:44:20,601 --> 00:44:28,641 I'll just go say that we should touch on the multi-generational living component. 585 00:44:28,641 --> 00:44:35,041 um i know the first thing that pops into everyone's head is like what you said jordan the whole commune 586 00:44:35,041 --> 00:44:44,581 thing um i think the fact i think it's another one of those situations where we have to we always 587 00:44:44,581 --> 00:44:51,241 feel like we have to qualify it but raise faithful kids and don't be afraid of multi-generational 588 00:44:51,241 --> 00:44:58,521 living situations for a season yep why other like other cultures have figured it out and they 589 00:44:58,521 --> 00:45:02,541 haven't changed in forever you're like oh how do they do it how do they have that such a nice 590 00:45:02,541 --> 00:45:07,121 property oh because there's like five generations living there and they're like and you're like 591 00:45:07,121 --> 00:45:14,121 it's literally it's the i mean it's the individualized west that's afraid of that 592 00:45:14,121 --> 00:45:19,761 oh we know we each need our own castle and it's like okay well what what's the cost of that gonna 593 00:45:19,761 --> 00:45:27,821 be and it's like congratulations fragile life yeah so um yeah i mean it's does you know 594 00:45:28,521 --> 00:45:31,461 And, like, does your kid need to move out this year? 595 00:45:31,721 --> 00:45:32,401 Oh, but not married? 596 00:45:32,561 --> 00:45:33,501 Okay, maybe not. 597 00:45:33,821 --> 00:45:37,981 Maybe they can save that $1,500 or $2,000 a month in rent. 598 00:45:38,941 --> 00:45:40,581 If that's a lot, then, like, yeah, 599 00:45:40,641 --> 00:45:42,901 and imagine them putting that away into Bitcoin every month 600 00:45:42,901 --> 00:45:43,921 and for a couple years. 601 00:45:44,801 --> 00:45:46,621 That's a pretty big nest egg, you know? 602 00:45:46,801 --> 00:45:48,901 And that's just one expense. 603 00:45:50,181 --> 00:45:54,881 Yeah, so I just think most families are going to have to wrestle with this 604 00:45:54,881 --> 00:45:57,681 unless you're, like, fabulously wealthy 605 00:45:57,681 --> 00:46:04,281 and you can just basically help your kids get started, you know, with some of your extra crumbs. 606 00:46:06,121 --> 00:46:11,701 But yeah, it's going to be an interesting next couple of decades for sure on this issue. 607 00:46:12,061 --> 00:46:16,841 I feel like that one image of like the cows being led to the slaughter and they have this little like 608 00:46:16,841 --> 00:46:21,341 path, you know, where it's all smooth and everything like that. I think that I want to 609 00:46:21,341 --> 00:46:26,601 bring in business ownership into this conversation and just say like the people who are going straight 610 00:46:26,601 --> 00:46:31,821 to the shearers and straight into the meat grinder are people who are going in for a nice, 611 00:46:31,901 --> 00:46:38,501 nice paying W-2 job. And I'm not saying absolutely, because that can be really good and there could 612 00:46:38,501 --> 00:46:42,601 be benefits. Maybe you have medical benefits and it doesn't, you don't have to pay extra and stuff 613 00:46:42,601 --> 00:46:48,701 like that. But consider business ownership, you know, especially if you're a Potter Familia, 614 00:46:49,401 --> 00:46:55,761 especially if you're a dad, because there's a lot of things that are legal and that are 615 00:46:55,761 --> 00:47:02,221 moral and ethical that are write-offs, huge write-offs. I mean, if you have a vehicle, 616 00:47:02,941 --> 00:47:10,641 to me, in some ways, it's crazy that all these things are post-tax. Your food is post-tax. 617 00:47:10,821 --> 00:47:17,581 Your vehicle is post-tax. These things that are literally the price of entry are after you paid 618 00:47:17,581 --> 00:47:23,221 your taxes. Now, I'm not suggesting to evade taxes or to lie on taxes, but if you have a vehicle 619 00:47:23,221 --> 00:47:26,721 that's used very primarily or largely for business, 620 00:47:26,841 --> 00:47:29,721 that becomes no longer post-tax but pre-tax. 621 00:47:30,381 --> 00:47:31,701 In fact, it's a write-off. 622 00:47:32,141 --> 00:47:33,701 Many of your miles that you drive, 623 00:47:33,861 --> 00:47:36,761 if I drive to go to Target and I get stuff for my business 624 00:47:36,761 --> 00:47:39,641 and I also get stuff for my family and I come back home, 625 00:47:40,301 --> 00:47:41,221 that's a write-off. 626 00:47:41,301 --> 00:47:42,361 That's 60 cents a mile. 627 00:47:42,781 --> 00:47:45,181 Times that by the entire year, that's thousands of dollars. 628 00:47:45,901 --> 00:47:53,201 So by no means am I, again, saying to evade taxes illegally. 629 00:47:53,221 --> 00:47:57,441 but there are many, many, many ways when you're running a business to combine. 630 00:47:58,541 --> 00:48:02,721 And actually your life becomes a business anyways. So it's just, it's just very natural. There's 631 00:48:02,721 --> 00:48:07,721 many things that are, you're not walking straight into the meat grinder, basically. 632 00:48:08,401 --> 00:48:11,861 Business is very stressful. It's not for everybody. It's not the only answer, but 633 00:48:11,861 --> 00:48:16,961 it's something to consider because if you get a good, you know, one of the ways I deal with it is 634 00:48:16,961 --> 00:48:23,861 I have a very good CPA. I don't make $130. I never have. But I have a good CPA to make sure at the 635 00:48:23,861 --> 00:48:27,381 end of the year, I'm doing it right. I'm doing it legally. They also happen to be Christian. 636 00:48:27,761 --> 00:48:33,281 But they do not make me pay for things that I don't need to. They make sure I get the maximum. 637 00:48:34,801 --> 00:48:39,301 You can also, if you have an S Corp, you can write your own salary. You can say, well, 638 00:48:39,301 --> 00:48:44,141 I work about this much per week and this is the salary that I get. So then therefore, 639 00:48:44,141 --> 00:48:50,641 that's the salary that you get, you know? And, um, some of the, and I mentioned off, off, 640 00:48:50,821 --> 00:48:58,361 off this chat that over the more than a decade, I was running a restaurant. My, uh, my, my sensitivity 641 00:48:58,361 --> 00:49:03,561 to wanting to support uncle Sam with all the extra stuff that uncle Sam wants has become 642 00:49:03,561 --> 00:49:10,121 very insensitive. If I had to calculate, I said, my skin has become like rhino skin on this. You 643 00:49:10,121 --> 00:49:19,221 You know, if I had to calculate by estimate, I would say I've paid 10 times as much money to taxes and insurance than I ever took home. 644 00:49:19,461 --> 00:49:21,261 And I'm not exaggerating. 645 00:49:21,421 --> 00:49:24,161 And so let me put it in a libertarian way. 646 00:49:25,841 --> 00:49:32,061 As a business owner, I caused X amount of economic benefit to my community. 647 00:49:33,061 --> 00:49:36,881 Out of that, I took home, let's just say it was 10%. 648 00:49:36,881 --> 00:49:37,561 It was probably less. 649 00:49:37,881 --> 00:49:46,921 Let's just say I took home 10%, but I actually paid insurance, taxes, on property, on liability, all mandatory. 650 00:49:47,541 --> 00:49:52,361 So if you want to be like a hyper-libertarian, I put that all in the tax category. 651 00:49:52,501 --> 00:50:06,421 I don care that that check was sent to a first insurance company That was mandated by my government as far as I concerned That a tax because I had no option to do anything else how much did I pay into unemployment insurance how much did I pay 652 00:50:06,421 --> 00:50:12,741 into TDI temporary disability you know a lot of companies like mine and many others someone gets 653 00:50:12,741 --> 00:50:18,121 a someone gets an injury you still pay for it out of pocket on purpose because I don't trust the 654 00:50:18,121 --> 00:50:23,001 insurance company yeah so I pay the TDI as far as I'm concerned they're just biting my flesh off 655 00:50:23,001 --> 00:50:27,661 and if there's an injury, unless it was like an insane, you know, whatever, someone who cracks a 656 00:50:27,661 --> 00:50:33,341 tooth, I pay for it out of cash because I don't even want to call my insurance company. So I'm 657 00:50:33,341 --> 00:50:39,641 betting that I'm in the 90 percentile. I think that's what everybody's doing. And when you look 658 00:50:39,641 --> 00:50:45,041 at that, it's so perverse that I feel like my encouragement, even to Christians, is to say, 659 00:50:45,201 --> 00:50:50,101 don't come at it from a boomer Christian mentality of ethics. I'm saying of ethics, 660 00:50:50,101 --> 00:50:55,401 saying like, go to work, work hard, come home, end of the year, pay what they say you owe, 661 00:50:55,561 --> 00:50:58,821 you're participating in the economy. That's not really how it is anymore. 662 00:50:58,961 --> 00:50:59,121 No. 663 00:50:59,401 --> 00:51:05,021 You know, don't cheat, don't cheat, don't lie, but make sure that you are planning. You know, 664 00:51:05,061 --> 00:51:11,281 I wouldn't start a bakery and forget about the cost of flour, but actually the cost of taxes 665 00:51:11,281 --> 00:51:16,001 is way higher than the cost of flour. So you better be preparing in your family's life for 666 00:51:16,001 --> 00:51:22,661 what that cost is and find out how you can work around it. So this is super helpful. 667 00:51:23,921 --> 00:51:30,501 I wonder if there was a way to create some calculators. I did a little AI search and 668 00:51:30,501 --> 00:51:37,161 there's some existing stay-at-home mom financial calculators because the numbers aren't simple, 669 00:51:37,261 --> 00:51:41,941 right? Because you have to look at, oh, what's the price of childcare? What's the tax brackets? 670 00:51:41,941 --> 00:51:45,981 How does how we file our taxes change things? 671 00:51:46,241 --> 00:51:56,281 And so using set up calculators and then recognize, OK, this is not it cannot purely be a financial decision. 672 00:51:56,821 --> 00:52:05,241 Right. There's a point where you say, OK, even mom's large income that would sure push us forward in certain ways. 673 00:52:05,821 --> 00:52:08,141 The cost is not worth it. 674 00:52:08,141 --> 00:52:29,321 And in fact, I would argue in just about every case, the cost is not worth it. But still to know what the cost is either way, look at the math and then have some kind of almost template that Christian dads can use to think through, okay, here's the advantages of having more kids. 675 00:52:29,321 --> 00:52:35,141 So like for me, I've lived for many years, we've always had a larger family and the government 676 00:52:35,141 --> 00:52:41,821 rewards that with these tax credits as long as you're below a certain threshold, right? 677 00:52:41,841 --> 00:52:47,701 Like I remember a certain year where I had done some investments and I had picked my 678 00:52:47,701 --> 00:52:50,821 investments well and we were doing a real estate transaction. 679 00:52:51,101 --> 00:52:57,801 So I had to liquidate some investments and my unearned income was too much. 680 00:52:57,801 --> 00:53:03,281 So this earned income credit that I was used to getting because I was working poor 681 00:53:03,281 --> 00:53:04,781 I didn't get it 682 00:53:04,781 --> 00:53:07,121 Was that a win or a loss? 683 00:53:07,961 --> 00:53:08,481 Right? 684 00:53:08,741 --> 00:53:14,661 Well, the win was look at this. I I made some good investments. I I made some vicious 685 00:53:14,661 --> 00:53:17,141 Decisions and I did well, but of course 686 00:53:17,141 --> 00:53:23,481 This other now here the the government handouts. You don't get that anymore and oh actually we'll just tax you 687 00:53:23,481 --> 00:53:38,401 So I've experienced being below kind of in that danger zone kind of place where you're like, well, we try to get ahead, two steps ahead, one step back, or sometimes one step ahead, two steps back. 688 00:53:38,961 --> 00:53:48,181 And so I would love to see a template for Christian households that are specifically and for philosophical reasons saying mom's going to stay at home. 689 00:53:48,301 --> 00:53:52,161 We're going to have a larger than average family size. 690 00:53:52,161 --> 00:53:58,941 We want dad to still be present and have some freedom to be engaged with the kids. 691 00:53:59,461 --> 00:54:13,841 We want to be in certain industries that allow household-based economies, some of our Nathan Spearing, all the ideas around durable trades and these different things. 692 00:54:13,981 --> 00:54:16,401 So we want to build a life like that. 693 00:54:16,401 --> 00:54:24,681 so give us the financial data to know how to do that well and at what point when the incentives 694 00:54:24,681 --> 00:54:32,521 and say stay below this income level except to kind of like bide your time and say okay i'm going 695 00:54:32,521 --> 00:54:37,601 to operate at this level and i'm going to be at a level where the government rewards me now i'm 696 00:54:37,601 --> 00:54:43,241 going to be fruitful in my work i'm going to be diligent in in building my household and doing 697 00:54:43,241 --> 00:54:50,221 things well, all the while preparing to jump over the dead man's zone, right? If dead man's zone 698 00:54:50,221 --> 00:55:00,121 is from 60 to 140, like, okay, let's prepare our, as the proverb says, right? Plant your fields 699 00:55:00,121 --> 00:55:06,101 and then build your house. Like let's plant our fields below and then find some way. Maybe it's 700 00:55:06,101 --> 00:55:11,281 Bitcoin is helping you. Maybe there's some other things that you launch above that. I don't know. 701 00:55:11,281 --> 00:55:15,461 I'm just thinking out loud. What do you guys think? That's solid, Ash, solid. And I've looked 702 00:55:15,461 --> 00:55:19,821 at it like you're building your engine because I think this is going on in my life. And I think if 703 00:55:19,821 --> 00:55:27,341 I fired up my engine all the way, I would be doing pretty well. But so you're building an engine, 704 00:55:27,341 --> 00:55:31,761 but it's not turned on yet. And while you're building that engine, a business engine or 705 00:55:31,761 --> 00:55:37,261 whatever it might be, do not turn it on and let it idle for crying out loud. Okay. You know, 706 00:55:37,261 --> 00:55:41,281 test it out a little bit in my metaphor, like make sure all the parts are working, 707 00:55:41,401 --> 00:55:47,601 but do not fire that thing up until it can get up to 150. You know what I mean? And, um, and, 708 00:55:47,721 --> 00:55:50,981 and yeah, I mean, when it comes down to it is, are you trying to be a revolutionary 709 00:55:50,981 --> 00:55:56,401 that lives according to how the world should be? Or are you trying to take care of your family? 710 00:55:56,401 --> 00:56:02,221 You know, and, and the bottom line is our first, our first priorities to our family and to God. 711 00:56:02,221 --> 00:56:08,501 and uh and it's i hope i hope that this conversation is releasing especially some christians 712 00:56:08,501 --> 00:56:15,921 in going i need to look into the ethics a little deeper than just be tough show up you know and i 713 00:56:15,921 --> 00:56:20,721 feel like i feel like before i i want to say what jordan said earlier is the encouragement and maybe 714 00:56:20,721 --> 00:56:27,421 we got back on the discouragement part but on the encouragement part um you absolutely can make it 715 00:56:27,421 --> 00:56:33,281 guys. You can make it young people. I was thinking maybe I'll still do a post where I was, 716 00:56:33,421 --> 00:56:39,081 and I was going to phrase it this way. If you make yourself a person that can actually manage 717 00:56:39,081 --> 00:56:45,661 that business or can manage a property, I believe it's coming to you. And here's my point. I'm not 718 00:56:45,661 --> 00:56:50,081 talking about name it and claim it. I'm not talking about the secret. I'm talking about how 719 00:56:50,081 --> 00:56:55,161 few people there are that can actually manage this. And I've experienced it in my own life, 720 00:56:55,161 --> 00:57:02,521 as I grow in maturity, as I grew as a man, as I grew in my abilities, in my mid-30s, 721 00:57:02,561 --> 00:57:07,381 about early 30s, and I was a late bloomer, opportunities just started flying at me. 722 00:57:07,881 --> 00:57:13,681 Because the people out there in the world cannot find faithful men. They're looking for it. They 723 00:57:13,681 --> 00:57:19,161 cannot find it. So if you're 20 years old or something like that, and you want a house, 724 00:57:19,161 --> 00:57:20,741 Like, can you even pressure wash? 725 00:57:20,921 --> 00:57:24,641 Can you even take, can you clean out gutters? 726 00:57:25,281 --> 00:57:26,941 Can you do some basic carpentry? 727 00:57:27,101 --> 00:57:28,641 Can you, and I want to encourage you even farther, 728 00:57:28,821 --> 00:57:30,741 learn the basics of plumbing and electrical. 729 00:57:30,941 --> 00:57:31,881 And this is not for everybody, 730 00:57:32,001 --> 00:57:33,781 but can you take care of a house? 731 00:57:33,901 --> 00:57:35,921 And I'll bet you, if you get to that point, 732 00:57:36,321 --> 00:57:37,761 you'll be able to get a house. 733 00:57:38,081 --> 00:57:38,841 It'll come your way. 734 00:57:39,481 --> 00:57:43,681 So I hope we don't make it only discouraging. 735 00:57:43,781 --> 00:57:45,061 There's a lot of encouragement here. 736 00:57:45,821 --> 00:57:46,681 The labors are few. 737 00:57:46,761 --> 00:57:48,421 If you become one, you'll be okay. 738 00:57:48,421 --> 00:58:13,361 The other thing too is, again, along those lines is, and if you have kids, like start looking at your kids and trying to help them, you know, get to a place that you're not at. Like if you see that within yourself. And so just like looking at, I mean, with our kids, our kids, our kids, we are, two of our kids play the violin. And so they've, so again, they've been playing the violin for three years, I think. 739 00:58:13,361 --> 00:58:33,581 And so the goal of this is, all right, so you're learning self-discipline, you're learning how to, you know, have this, learn this valuable skill. And then I'm already thinking, and we have friends who do this, friends who play for people's weddings. Like their daughters are 12, 13, 14 years old, and they play the violin for people's weddings and they make, you know, 100, 200 bucks on doing this. 740 00:58:33,581 --> 00:58:40,121 And so just like the idea of just accumulating skills and just thinking about your kids and thinking about like, all right, what skills can we have? 741 00:58:40,181 --> 00:58:42,881 I have two boys who've been working on leather making. 742 00:58:43,421 --> 00:58:49,881 And so they have, I don't have it on me, but like they've been making these leather like key chain, you know, grabbers. 743 00:58:50,741 --> 00:58:57,401 And it's just one of these things where they're learning, like they're, you know, they're functional, they're serviceable, they last a long time. 744 00:58:57,661 --> 00:58:59,141 Now, are they perfect right now? 745 00:58:59,181 --> 00:58:59,381 No. 746 00:58:59,381 --> 00:59:15,721 Like, but again, that's the point. I have a 10 year old who's doing this and I have a 14 year old who's, who's also working at this. And so again, they're learning valuable skills that can turn into monetizable, you know, things in, in very near future. I mean, Ryan, you could talk about your daughter, like very similar things. 747 00:59:15,721 --> 00:59:21,981 um, again, but it takes a, it takes a mindset shift. And I, I mean, we could, we could have 748 00:59:21,981 --> 00:59:28,161 the conversation too about, you know, about kids, you know, uh, you know, should, should kids, uh, 749 00:59:28,821 --> 00:59:33,121 contribute to like, to the, to the, the household economy. Like if they're, if they're out there, 750 00:59:33,121 --> 00:59:36,601 you know, if they're, if they're earning and earning these things, like, should they participate 751 00:59:36,601 --> 00:59:40,901 in that? And again, I think there's lots of interesting conversations that you could have, 752 00:59:40,901 --> 00:59:46,041 as you start to think more as a family economic unit 753 00:59:46,041 --> 00:59:47,681 rather than just an individual. 754 00:59:49,281 --> 00:59:50,901 Because I do think this is a place 755 00:59:50,901 --> 00:59:53,781 where even well-meaning Christians can go wrong 756 00:59:53,781 --> 00:59:57,701 and they can just see the dad is the one who earns the money. 757 00:59:58,621 --> 01:00:00,101 And somebody like John Moody is somebody 758 01:00:00,101 --> 01:00:04,561 who's really just kind of hit that hard 759 01:00:04,561 --> 01:00:05,761 and just been like, no, listen, 760 01:00:06,161 --> 01:00:07,761 these people all throughout history, 761 01:00:07,841 --> 01:00:09,641 they thought as household units. 762 01:00:09,641 --> 01:00:14,401 and so they were the goal was that i mean everybody was working it wasn't that just oh 763 01:00:14,401 --> 01:00:18,441 dad would leave and then everyone else would just stay home like that's that doesn't that's totally 764 01:00:18,441 --> 01:00:24,141 a historical and so just the the concept of you know of working and finding ways even within the 765 01:00:24,141 --> 01:00:29,161 home where you can be generating uh you know whether it's growing food or whatever it is we 766 01:00:29,161 --> 01:00:37,541 have a family in our church who has been they grow sprouts and so these are these are um shoot uh 767 01:00:37,541 --> 01:00:43,141 there's like alfalfa sprouts. There's a shoot. What are the little, the tiny trees, broccoli, 768 01:00:43,381 --> 01:00:48,121 broccoli sprouts, broccoli sprouts. There's some, there's some that are beans as well, 769 01:00:48,161 --> 01:00:54,541 but they just grow sprouts and it is insane. First of all, how cheap they are. And then it's just how 770 01:00:54,541 --> 01:00:57,541 you can grow them. They just have sprouts growing in their house at any given time. They've got like 771 01:00:57,541 --> 01:01:02,441 Mason jars on their, on their counter. And this is representing, I mean, over the course of a month, 772 01:01:02,441 --> 01:01:08,261 hundreds of dollars worth that they would, that it's free food basically for them. And so again, 773 01:01:08,361 --> 01:01:13,461 there's ways that you can, you can, you know, make the money that you're earning go even farther, 774 01:01:13,461 --> 01:01:20,161 uh, just by, by taking small, easy steps that effectively you're multiplying your time, 775 01:01:20,161 --> 01:01:23,581 you're multiplying your money. Um, there's just a hundred things that are like that. 776 01:01:23,621 --> 01:01:27,641 And so looking for people who are, who are a few steps ahead of you or way ahead of you in this 777 01:01:27,641 --> 01:01:33,101 regard uh is just a helpful thing helpful thing to do and so somebody like john moody go go follow 778 01:01:33,101 --> 01:01:37,761 him on social media if you don't because he's constantly posting about things like that uh 779 01:01:37,761 --> 01:01:42,021 constantly posting things where i'm like oh man i'm so i've never even thought about that before 780 01:01:42,021 --> 01:01:52,621 um so it's it's it's super sobering to like you know to think about the how deeply this is going 781 01:01:52,621 --> 01:01:59,181 impact our culture at large and i'll just say the majority of families if you don't if a kid 782 01:01:59,181 --> 01:02:06,661 doesn't have parents that that exercise foresight and kind of have a vision for their kids there's a 783 01:02:06,661 --> 01:02:12,441 i mean i would say the majority of kids aren't learning skills they're not working until after 784 01:02:12,441 --> 01:02:20,041 they're out of high school dude i dude it sets kids backs like this whole discussion is around 785 01:02:20,041 --> 01:02:32,561 Imagine kids starting off at like zero at the skill level after high school with this mountain of like in front of them that they have to climb like, oh, yeah, and good luck. 786 01:02:32,761 --> 01:02:38,541 Like starting to scratch, like literally kids should be acquiring skills by the time they're eight. 787 01:02:38,941 --> 01:02:44,781 There should be a decade into the race by the time they're out of high school. 788 01:02:44,781 --> 01:02:50,421 And a decade is enough time to like become seriously advanced at a lot of different things. 789 01:02:50,501 --> 01:02:56,721 And so I'm not talking like 30, $40 an hour, 75, 80, $100 an hour by the time they're out of high school. 790 01:02:57,541 --> 01:03:00,761 Very, very legitimate, like very, very doable. 791 01:03:02,401 --> 01:03:04,461 Yeah, it just takes parental involvement. 792 01:03:04,461 --> 01:03:05,901 Like it takes repetition. 793 01:03:05,901 --> 01:03:09,861 It just putting the kids in, getting them involved in things they enjoy doing. 794 01:03:09,861 --> 01:03:13,101 and then just encouraging them to be diligent with it 795 01:03:13,101 --> 01:03:14,781 and put in the effort. 796 01:03:15,221 --> 01:03:16,921 And you can like, dude, 797 01:03:18,161 --> 01:03:19,781 even in the construction thing, 798 01:03:20,261 --> 01:03:20,981 learn construction, 799 01:03:21,121 --> 01:03:22,861 even if you're not going to do it as a trade 800 01:03:22,861 --> 01:03:23,601 the rest of your life, 801 01:03:23,761 --> 01:03:25,261 at least you could build your own, 802 01:03:25,341 --> 01:03:27,381 you could build or like renovate. 803 01:03:27,461 --> 01:03:29,201 You can buy the biggest dump. 804 01:03:29,421 --> 01:03:31,761 I'll shout out to Jordan again for reminding me of that. 805 01:03:32,061 --> 01:03:34,321 Like literally buy a starter dump 806 01:03:34,321 --> 01:03:36,201 and like completely renovate it. 807 01:03:36,201 --> 01:03:37,701 Like fix the house up yourself. 808 01:03:37,941 --> 01:03:39,521 Again, you're using skills 809 01:03:39,521 --> 01:03:42,521 that you used when you were 13, 14, 15 years old. 810 01:03:42,961 --> 01:03:44,621 They'll be with you the rest of your life. 811 01:03:45,041 --> 01:03:48,841 There's a dump on my street, $100,000 right now. 812 01:03:49,481 --> 01:03:52,221 Walking distance to the park, the swimming pool, 813 01:03:52,701 --> 01:03:53,921 walking distance to the restaurants, 814 01:03:54,521 --> 01:03:55,761 walking distance to my house. 815 01:03:56,921 --> 01:03:59,261 As long as there's one board from a wall, 816 01:03:59,261 --> 01:04:02,701 you can replace the entire house. 817 01:04:02,721 --> 01:04:05,901 Sometimes the county says you can only do $500 at a time, 818 01:04:05,981 --> 01:04:06,861 otherwise you need a permit. 819 01:04:06,861 --> 01:04:12,061 but you know what if you do 500 in the morning and another 500 in the afternoon that's two events 820 01:04:12,061 --> 01:04:17,181 i think but you know guys you might you might have heard kids voices at my in my thing and 821 01:04:17,181 --> 01:04:22,781 right now as in the outside my door we have like four four families here homeschool families and 822 01:04:22,781 --> 01:04:27,721 it's a market they're doing and they all the kids made food and all the kids made like candles and 823 01:04:27,721 --> 01:04:33,381 stuff and so they're at my house now i got a few coins so i can get some treats myself and you know 824 01:04:33,381 --> 01:04:37,501 on a more real level in the last two months, we've gone to the farmer's market again. 825 01:04:38,041 --> 01:04:41,781 We ran our brick and mortar for 13 years and now we're back at the farmer's market. 826 01:04:42,281 --> 01:04:46,741 My 12 year old, both times she's gone has come home with more than a hundred bucks. 827 01:04:47,521 --> 01:04:54,281 She made 10 loaves, 11 loaves of sourdough organic rye bread. And she's learning from a 828 01:04:54,281 --> 01:04:58,501 young age. To her, it's easy. She understands it. It's easy. It's no big deal. And now she's like, 829 01:04:58,501 --> 01:05:05,901 wow, I'm coming home with $100, $130. I just saw someone today when I was pressure washing, 830 01:05:06,021 --> 01:05:09,921 she came up and said, make sure you hold two of those loaves for me. She's already got loaves 831 01:05:09,921 --> 01:05:15,721 sold before she made them. So one thing I wanted to speak to, Ryan, was like, well, two things I 832 01:05:15,721 --> 01:05:20,181 want to say. One is that there's a psychological damage too. If they get to where they're 18, 833 01:05:20,681 --> 01:05:25,561 it's not just that they have to learn the skill, it's that they have to psychologically rewire 834 01:05:25,561 --> 01:05:33,341 themselves to say, I'm a person who produces things and serves people. And that needs to be 835 01:05:33,341 --> 01:05:39,421 happening when they're 5, 6, 7, 8, not when they're 18. And if you have the idea that, you know, 836 01:05:40,501 --> 01:05:43,301 that's the kind of person I am. I know how to produce things that people want. 837 01:05:43,821 --> 01:05:47,501 You are already going to be okay. And then the second thing I wanted to say was, 838 01:05:47,981 --> 01:05:52,241 in addition to, I can't remember, I think it was you, Jordan, what you were talking about, 839 01:05:52,241 --> 01:05:57,741 and the multi-generational idea. I don't think the multi-generational idea is, 840 01:05:58,201 --> 01:06:04,521 it's not just about giving your kids everything. It's about giving them opportunity and security. 841 01:06:05,081 --> 01:06:10,201 Here's what I mean. And you see this all over the world and throughout all history. So 842 01:06:10,201 --> 01:06:18,101 yeah, if I give them help to move into a house, to start a business, maybe it's to start a business 843 01:06:18,101 --> 01:06:23,621 with me. In a lot of senses, they are the younger ones. Let's say they're 20 years old. 844 01:06:24,921 --> 01:06:30,501 They should be supporting the family. They should actually be probably paying market rate, 845 01:06:30,601 --> 01:06:35,241 if God wills, if they're doing well. But guess what's not going to happen? I'm not going to 846 01:06:35,241 --> 01:06:38,161 take it away from them if they get sick. I'm not going to take it away from them if they have an 847 01:06:38,161 --> 01:06:39,881 accident. They're not going to lose... 848 01:06:39,922 --> 01:06:49,582 So the stress of financial things is not just a matter of how much things cost. It's a matter of the feeling of insecurity that you could lose it all anytime. 849 01:06:50,522 --> 01:06:50,702 You know? 850 01:06:50,882 --> 01:06:51,662 Yeah, exactly. 851 01:06:51,782 --> 01:06:59,822 And I think that's part of the legacy that families need to have is to say, you know, buck up, young man. You can do it. You can do better than me, actually, because I started late. 852 01:07:00,522 --> 01:07:09,682 But if something gets difficult, we always have a place for you. We're going to be there for your healing. We're going to be there for your family. We're going to be there for you no matter what. 853 01:07:09,922 --> 01:07:13,822 and I think that gives a little twist on it. 854 01:07:13,922 --> 01:07:15,682 This is not just about making a ton of money 855 01:07:15,682 --> 01:07:21,422 and becoming the prototypical movie mob boss 856 01:07:21,422 --> 01:07:22,802 whose son is like a total wimp 857 01:07:22,802 --> 01:07:24,682 that drives around in a Ferrari or something like that. 858 01:07:25,622 --> 01:07:26,902 It's not supposed to be like that. 859 01:07:26,982 --> 01:07:28,722 It's saying, I'm going to give you the skills 860 01:07:28,722 --> 01:07:29,922 and the opportunity, 861 01:07:30,942 --> 01:07:32,682 but I'm always going to be there for you if you need it. 862 01:07:34,122 --> 01:07:37,102 Just a short, quick story from my family. 863 01:07:37,102 --> 01:07:55,367 So my brother is in a small town in Indiana and there a whole historical district in their town And they bought this old abandoned really large they have a large family lots of kids 864 01:07:55,367 --> 01:08:00,567 and they bought a really large, old, historical house from the 1800s. 865 01:08:01,167 --> 01:08:03,827 And it was empty for several years. 866 01:08:03,947 --> 01:08:05,187 It needed a ton of work. 867 01:08:05,847 --> 01:08:12,027 And so what they did with all of their whole family of their teenage kids, 868 01:08:12,027 --> 01:08:18,867 they all learned different skills to renovate this old historical house. And it's an ongoing 869 01:08:18,867 --> 01:08:23,647 process. They've been at it probably five or six years. It's not done yet. But then the thing they 870 01:08:23,647 --> 01:08:30,707 did is, and he's, my brother-in-law's a historian. And so they had this idea, let's restore it using 871 01:08:30,707 --> 01:08:37,147 the historical method. Like actually go back to how they did it before. And so they're actually 872 01:08:37,147 --> 01:08:41,227 having to learn these skills that are largely forgotten as they're doing it. 873 01:08:41,227 --> 01:08:47,507 And his oldest son is very, he's very handy and he likes working with his hands and he's 874 01:08:47,507 --> 01:08:47,947 tough. 875 01:08:48,267 --> 01:09:11,691 And so he started getting jobs with other people that were trying to restore their historic home And at 19 he has a full I don know how many like half a dozen employees He has what they tell me is the most successful and the most qualified historical home 876 01:09:11,691 --> 01:09:17,891 renovation company in their entire city. And he has more work than he knows what to do with. 877 01:09:17,891 --> 01:09:24,471 And he could literally scale his construction company to a multimillion dollar company. 878 01:09:24,471 --> 01:09:27,831 And he's now getting his contractor's license and figuring it out. 879 01:09:27,831 --> 01:09:36,891 But it all started as like a 15 or 16 year old working on the old home renovation project that dad bought. 880 01:09:38,111 --> 01:09:39,311 That's super cool. 881 01:09:40,151 --> 01:09:43,631 We also will share here just real quick. 882 01:09:43,631 --> 01:09:47,411 Ryan's daughter she makes crochet 883 01:09:47,411 --> 01:09:53,531 crochet animals and crochet figures we're actually working on hiring her to 884 01:09:53,531 --> 01:09:58,331 create some crochet figures of the characters of the orange umbrella which 885 01:09:58,331 --> 01:10:02,271 is our kids book which is what we also want to mention as we close our kids 886 01:10:02,271 --> 01:10:12,736 book is in route it being printed as we speak it we will have copies in hand by next week Lord willing And so this is something we could not be more excited about 887 01:10:13,516 --> 01:10:17,656 You can go and pre-order your copies right now. We have hardcover and softcover. 888 01:10:18,236 --> 01:10:22,096 And because we sat here and thought, listen, if we're already doing all the work to have an illustrator 889 01:10:22,096 --> 01:10:25,276 draw out all these things, why don't we just create a coloring book too? 890 01:10:25,656 --> 01:10:28,236 So we have a coloring book version of this as well that you can go 891 01:10:28,236 --> 01:10:31,796 get on our website, tgfb or store.tgfb.com. 892 01:10:31,796 --> 01:10:33,656 we also have a big 893 01:10:33,656 --> 01:10:35,716 announcement coming this weekend 894 01:10:35,716 --> 01:10:37,756 leading into Giving Tuesday 895 01:10:37,756 --> 01:10:39,676 so we're going to be, I'm going to wait a couple 896 01:10:39,676 --> 01:10:41,356 more days to announce that but 897 01:10:41,356 --> 01:10:43,796 keep your eyes and ears peeled 898 01:10:43,796 --> 01:10:46,136 some big TGFB 899 01:10:46,136 --> 01:10:48,316 happenings and we're going to 900 01:10:48,316 --> 01:10:49,876 just need your help so we are 901 01:10:49,876 --> 01:10:51,776 excited to do that so guys 902 01:10:51,776 --> 01:10:53,976 all grateful for you guys for your contributions 903 01:10:53,976 --> 01:10:55,856 for your lives and your examples 904 01:10:55,856 --> 01:10:57,216 we will 905 01:10:57,216 --> 01:11:00,036 return later this week on another episode 906 01:11:00,036 --> 01:11:01,036 of To The End of Five 907 01:11:01,036 --> 01:11:16,356 We'll see you next time.