The Ledger, every show

“You could take all the money in the United States right now. You take all the money and you could divide it equally among everybody. Take all the money and divide it equally. And in five, 10, 15 years, you could argue about the timeframe. In five years, at lea…”

“Today the poorest people in America have a better life than the wealthiest people in America 50 years ago. They have better access to healthcare. They have better living situations. They have more amenities. They have better food. It trickles down massively, a…”

“I think this woke mindset and virus is a tremendous advantage for me and my family. The people who buy into it, Our victims, the people who buy into it are blaming other people, the people who buy into it are focusing on things that are totally outside of thei…”

“AI will definitely over time make the business owners more money, not necessarily the AI companies.”

“A lot of entrepreneurs kind of brag about the fact that they're not going to give anything to their kids. They say it like I am going, I'm going to give all my money away and my kids will find, will get their own cash or opportunity or whatever it is. I think …”

“And also is that everybody who gives advice is a successful person because, you know, you got to have a resume to make your advice weighted, so all the people who have the most, you know, Clout and, you know, status on Twitter, they're all successful people, a…”

“Money is drastically underrated in this world today. The people who say that money doesn't matter are full of shit.”

“And I personally pretty strongly believe that that's bullshit and actually creates a bunch of bad habits that are really hard to break when you actually do want to settle down.”

“I think that you can play this game of business at a really high level working 30 hours a week. And the people who say that they can't and that they have to work 70 hours a week are kind of Working on the wrong shit.”

“I think 95% of people are way better off going and working for a company. Earning great money, building their skills over time, and then focusing on other areas of life that is not business and entrepreneurship.”

“These folks have not been in a Walmart in 10 years. They have, they just haven't been in one. They haven't looked at the average American. They have no idea what the average American thinks about, you know, looks for, eats does with their free time. They have …”

“People get way too serious about trying to find that person. I think if you find somebody who you're physically attracted to, You're emotionally stimulated, mentally and emotionally stimulated by, and you can trust them, and you can, that's number one. If you …”

“Me and my wife have very similar moral views, and how we think about Household responsibilities, and jobs, and who does what, and she thinks, and I think as well, that her raising kids is miraculously and 10 times more important than a career. The child that y…”

“The more well off a parent and family is, the more they coddle their kids, and the more they try to keep them from feeling pain.”

“It is my duty as a person who I think at least that I have my shit together when it comes to parenting and that I'm going to raise decent kids. It's my duty to create as many as I possibly can.”

“And if this keeps up and interest rates stay high for another couple of years, It'll be no different this time, and a lot of people who do what I do and raise money from outside investors will go bankrupt, and the people who invested the money will lose the mo…”

“We didn't do paid ads until 2017 when we were over two million a year of revenue. It was sidewalk chalk.”

“Yeah, it was 450 grand.”

“Terrible, terrible, terrible domain. And all I did was chirp Tyler Dank on Twitter for a year and a half because he was, he's great. Like he's an unbelievable entrepreneur, but he was he was running his business with a domain that nobody could spell and nobody…”

“So I've been pitched, I'm in the recruiting business. I've been pitched 30 plus simply recruiting and sourcing AI models. I don't, first of all, they all are absolutely terrible. No candidate wants to go through AI sourcing in an AI interview. It's ridiculous.”

“Yeah, I would probably say 99% won't make its profitability, but in 90, but 90% will like be a loss for the founder”

“I say like, do you want to compete against LeBron James or a fifth grade girl in basketball? The winner gets something amazing. Like you beat LeBron, you get a billion dollars. You beat the third grade girl, fifth grade girl, you get 30 grand a month. I I'd pl…”

“That's the structure of a great tweet. So something that not everybody agrees with said as fact with conviction, and then a bunch of really strongly written copy to back it up.”

“I love to hire salespeople who are paycheck to paycheck, but drive a 120,000 dollar white Escalade. Because they're super motivated to sell, and they are highly determined to make it rain, and they'll work super hard because they're cash strapped.”

“Twitter is changing so fast, and I think Elon is, Elon knows what he's doing, and he's chasing engagement, chasing daily active users, and it's going to point him towards a TikTok, Instagram type model. So I'm worried that we're going all video over time on Tw…”

“If you want to be the best, if you want to be the richest in the world, if you want to be the best business person in the world, you have to live an unbalanced life and that you can't actually be the best in the world at two things.”

“The entrepreneurs who just say, all this is easy for me, are lying because business is really hard. Putting yourself out there is really, really hard.”

“I'm a lot more nuanced. I'm a lot more moderate on so many different opinions, but look, that is not how you build a brand.”

“The second level of delegation, which is Way harder and way more uncomfortable, and one in a thousand people can do well, is delegating decisions.”

“As a business owner, you can get really far with only delegating tasks. You can, there's businesses that I know of, friends of mine who own companies that are doing one, two, three million dollars a year of EBITDA, And they are the only decision maker at their…”

“And I realized, hey, the only real way that I can figure out if somebody's good is to get them in and get them to start working.”

“Those things are not cleaned, built, maintained by software, and they never will be. There's a huge part of the world that is localized and physical and requires sweat and work.”

“I'm going to teach my kids how to handle money, teach my kids how to think about money, and I'm going to set them up with all the opportunities that I possibly could. Why would I do all this work to build this network, to build these companies, to build genera…”

“I'm going to teach my kids how to struggle with grace. I'm going to let them practice making decisions. I'm not going to put them in a bubble so that all the decisions are made for them and that they get out into the real world and it's time for them to make d…”

“And I think it's really, the sad part is, is that women are so isolated. They're so isolated. There's no community. 50 years ago in small town America, all the sisters and siblings and friends lived on one block, and they were popping in each other's houses, a…”

“I think the number one thing that you can do to set your children up for failure is to protect them from the fact that life is brutal.”

“So, if you're not going to teach your kids to struggle, and have a positive attitude through the struggle, then they're not going to win at life, man. They're just not going to win at life. They're going to be soft. They're going to blame other people for thei…”

“I definitely am careful about what I say. I'm not uncancellable yet. I know that I need to be careful. I have a small window in time to build these companies to capitalize on my personal brand. And I know that if I get canceled, it will set me back in my missi…”

“The problem with advice is that it's, it gives you a false sense of productivity. That's the problem. People are listening to this podcast and they're nodding along and they're thinking, wow, this podcast is making me better. And then they go home and get on Y…”

“I have a lot of public equities, and they're all, a lot of money in public equities, and it's all fang, and it's going to stay that way, because those are the best companies in history of the world, and why would you try to reinvent the wheel?”

“I think in order to get people to really be a fan, you have to take a stance on something, right? If you're just middle down the road, everybody thinks you're decent and nobody really likes you that much.”

“The people who block me, I think that's also kind of, there's an advantage there. Like I'm weeding out the people who don't get my sense of humor for one thing, take it too personally, politically, totally disagree with me and people that I wouldn't maybe jive…”

“When things turn around, there'll be half as many competitors. As there are right now, because over the last five years, everybody who has bought assets, no matter how well, how good of a job they do managing them has made money.”

“But if you're starting with nothing, and you're trying to get, get somewhere and build wealth, I don't personally think that real estate's the best way. So I would agree with you like, wait till you have some money, then think about how to put that money to wo…”

“Sweat equity means almost nothing in real estate, in my opinion. The people with the cash call the shots.”

“And cash flow year one is almost non-existent or sometimes impossible to find in those markets for guys like me without the cheap cost of capital.”

“And like the number one reason why most people have a ton of followers on Twitter is because they're actually doing something interesting and uncomfortable and hard in their real life.”

“If I didn't have Twitter, we would probably own about 10 self-storage facilities right now instead of 61. My net worth would be about 10% of what it is right now.”