Summary

The article suggests that the American empire is in decline.

Highlights

• Decline: The core argument is that the United States is experiencing a loss of global power and influence.
• ⚔️ Challenges: Unspecified internal and external challenges are contributing to this perceived decline.
• ⏳ Inevitability: The title suggests that this decline is not just possible, but already underway.
• Global Shift: The decline implies a potential shift in the global balance of power.
• Identity: The end of the “American empire” raises questions about the future role and identity of the United States on the world stage.

And the economy, as you guys know, is in serious serious serious trouble. I don’t I don’t people know how serious the economy is in trouble. Yeah, for sure. But, you know, when Moody’s downgraded America last week, they basically said your your bonds are not worth it. You guys are mismanaging your your country.
So, it’s very serious condition. But, we’ve seen this coming for years. I’ve known Kenny for 20 30 years now. We’ve invested together. And then you know I got my tip from this guy here is by Buckminister Fuller. It’s called the Grunch of Giants and Grunt stands for gross universal cash ice. I don’t recommend the book but I was a student of Fuller and Grunt stands for gross universal cash ice is how our wealth is stolen via our money.
So if you read Rich Dad Poor Dad it says the rich don’t work for money, savers are losers and your house is not an asset. And that was blasphemy 30 years ago. I mean, I got more hell for saying a house is not an asset because for the average middle class person, that’s all they had plus a 401k.
And now with the economy crashing, a lot of these baby boomers, my generation, we’re toast right now. You know, they don’t have enough to retire on. And the national debt is now at 36 37 trillion. the interest on our debt is greater than our income from taxes. We’re bankrupt and nobody says anything. So that’s why I think the limitless is a very important time.
Just like Tarl when you showed up, you know, change your life. Limitless is for people who want to move forward, not backward. But trust me, it’s going to be a rough a rough few years ahead of us. So that’s that’s why Limitless is so important. And it’s is in Dallas, right, K Kenny? Yeah. Yeah. It’s the same spot. Yeah.
I mean, Robert, I don’t know how you did this, but you know, when you wrote Rich Dad Poor Dad, the the in the very first chapter, you said the rich don’t work for money. And then all your books from that point have are basically around that principle. And people still uh don’t get it. Like, you know, that’s what Limitless is for is to to let you guys know this is going to be a rough few years ahead.
Um, you know, we’re these are serious headwinds, right? This is this this here is, you know, $5 bill. And people think this stuff is valuable. And I’m Japanese. And the reason that Japan is the biggest dter nation in the world. I think it’s 220% GDP and all this stuff. Well, the Japanese still value this stuff.
This is toilet paper. And they still work and they bust their ass for it. People save this. They think this is important. Yet, if you look at what the Fed is doing, this is the book on the Fed here, which I studied, you know, the creature from Juckle Island. I got that book a lot. Basically, the Fed is not federal.
It’s not a bank and it’s not US. And Trump wants to fire what’s his name right now? And you know, yeah, they’re a bank banking cartel. They’re ripping us off, but nobody says anything. Yeah, I I know. I If we could, Robert, can we go back to I mean, when you wrote the book Prophecy, like like it’s so funny if you go back and look at that book now, there’s so many things that you predicted back then, uh, that seem just like mind-blowing at the time.
And you I know one of those is still this the biggest stock market crash, but the sound money which is of course the new book we’re reading the big print um all the stuff that Jim Records is going to talk about at Limitless. Can can we go back and talk about what are some things like today that the normal person can do because you’ve been you’ve been we’ve been talking about this for 20 years.
Yeah. It’s been coming. Yeah. And then Well, this this is our he’s coming. Jim records money is how AI is affecting the banking system. Now where you gonna hear that at college you know Jim is going to be one of the speakers there and he’s talking about how AI may bring down the entire banking system and uh he’s a very smart guy.
I mean, I’m I’m I’m going to I’m going to sit in the front row listen to records, you know, because that the guy’s got his eye on the horizon. And if the people would come to Limitless, I would come to learn to see the horizon right now because yesterday is gone. America used to be the richest nation in the world, but when Moody’s downgraded us just two weeks ago, they’re saying you’re not anymore.
So, all this has been coming since 1971. When Nixon took the dollar off the gold standard and this became toilet paper, they could just print rent print rent print. We’re in trouble financially. So, come to the limitless to uh find out what’s going to happen, you know? Yeah. That’s like just so you guys we got to get that out of the way really fast.
Like Robert and Ken and I every year host an event called Limitless Expo. So, it’s the it’s the financial freedom expo that’s out there. It’s you guys see the ads what’s whatnot. Ken and I started it back in 2022 and Robert’s been a major part of it since 2022 and we created it for this basically to find out what’s going on with the world and every time every year we come together for that.
This year it’s July 31st in Dallas, Texas. Uh and it’s go.limitlessexpo.com. Definitely check that out. And so that’s that’s why we do this is so that we could find out I do this because I get to meet Robert Kiasaki and find out what he’s doing. I get to meet Ken and people like them so that I can do it.
I’m just a guy that buys a bunch of single family homes and, you know, has has a family just like everybody else. I’m just trying to figure out what to do with my life, not just what to do with my business. So, where do I put my money? So, that said, Robert, what So, that’s why I’m going to be in the front row when this guy’s at levels is going to be there.
That guy that wrote that book, like I say, Rickards can see over the horizon. And ladies and gentlemen, that’s what we want today. you know, he he said something very profound because he was um not LBGT, he was long-term capital management LTCM. He nearly brought down the whole world economy, his his company. He was the attorney for long-term capital management in the ‘9s and nearly crushed the whole economy and Wall Street bailed him out.
So then 2008 it crashed and the Fed uh these guys bailed out Wall Street. And so Records is asking the this guy Records is asking the question today, you know, May 2025, who’s going to bail out the Fed? That’s the question he’s asking today. That’s how serious it’s gotten. And that’s why I want to sit in the front row because I want to take a look over the horizon.
What can I do next? Well, Robert, I’m super curious like you brought this up as soon as you got into the webinar about the bond market, but can you help everybody understand really quick like in in a simple term like what’s the relationship between the dollar and the bond market when it comes to the US currency? I was just watching a YouTube and I Dave Ramsey and I go headtohead because I call him a and he calls me an he he’s a very religious guy but he says live debtree and I go after him I said because that’s not possible because what he fails to
realize is the US dollar in 1971 became debt. So the only way money this toilet paper is created is like Kenny and I get into debt and the bankers love it. Like you know when Kenny borrows, you know, some people they can barely get a credit card. You got you got a $1,500 line of credit and Kenny’s got a $15 million line of credit.
Well, the bank would rather talk to Kenny because when Kenny borrows $15 million, he’s actually creating more money. So when Dave Ramsey says live debtree, he’s crushing the money supply. And I don’t know why he says that. He also calls Bitcoin stupid. I’m going with speculation. I said, “But what is the stock market? Do you know how much control do you have over the stock market?” And the reason Kenny and I love real estate is we’re control freaks. We control the asset.
We don’t work for money. We acquire assets and we control our assets. Whereas these guys in 401ks and stocks and bonds and mutual funds, you know, they’re just losers. So, what’s that mean with the bond market right now for for all of us? Well, what’s that now? Well, what’s it mean when the bond market’s having trouble right now? What does it actually mean for our currency? That’s like what’s happening right now.
That would be like um let’s say I am broke. Mhm. And so I go to the bank. The bank gives me another credit card and then I’m broke again. And I go back to the bank can have a credit card. The bank says no. So um we can’t borrow any more money. So you know comp his is the big new deal whatever he’s working on.
He’s raising the the debt by another $3 trillion. I’ll say it again. The interest on our national debt is greater than the amount of money we collect in taxes. So that’s the same as you have credit card debt and you’re paying 10,000 a month, but you’re only making 5,000 a month and you’re going to go back to the bank, another credit card.
And I think that’s what that’s what this group here is doing, the Fed, is they’re just trying to borrow more money. And so when the bond market failed last two weeks ago, the Fed printed $50 billion more dollars and didn’t tell anybody because if they hadn’t printed that $50 billion, Honey would have shut down. So again, this is Jim Records.
I’m in the front row listening to this guy here. And what he’s saying here is who’s going to bail out the Fed? That’s how critical we’ve become. This is not, you know, this is not a crash. This is the change of world history right now. And I think we should probably also talk about what’s going on internationally because there’s a lot of people that are that don’t want the US dollar um you know as payment and and that’s a a big deal right now you know which is one of the one of the reasons why we think gold is is making a run. So of course we have
credible gold experts there. Mike Baloney, Dana Samuelson, Robert himself, Jim Rickards wrote a book called The New Case for Gold, uh, back in 2016. So, uh, you know, there’s when when it used to be the dollar was a safe haven. Um, and now people are are saying, “Oh, it got downgraded, of course, but also as the dollar comes weaker as we continue to print, why would you take those?” So, um, that’s actually happening outside of the US.
And I think as you travel around, you can see that other countries are starting to take a look at what they really want now in payment. That’s why Kenny, what you’re saying is so vital is because the people that bought our bonds, our debt was China and Japan and Korea and they just started dumping it because they want to take the dollars or the the bonds and convert to gold.
So that’s why the bond market crashed. That is not anything lightweight. See, when the stock market crashes, it’s a recession. The bond market is at least 500 times bigger than the stock market. So, when the bond market crashes, it’s depression. So, that’s why this event in Dallas with Limitless, like I said, I’m going to be on the front row listening to this guy and a whole bunch of other guys because I want to see what they can see coming over the horizon.
But if you if I was a I’m a baby boomer, if you’re still hanging on to your 401k full of stocks, bonds, mutual funds, and ETFs or you’re the child of a baby boomer, that means you’re going to have a roommate pretty soon called your mommy and daddy moving in with you. You know, I mean, they’re going to be broke. So, retirement is gone.
What What do you suggest that they do? Gold, silver, Bitcoin. Gold, silver, Bitcoin, and real estate. What? What Kenny is talking about, I don’t f around. This is from my gold mine. Kenny and I took this thing public on the New York Stock Exchange. It’s the Trixie mine in Utah, the richest gold mine in America.
So, uh, when people say, “Well, how many ounces of gold do you have?” I say, “How many tons of gold do I have?” You know what I mean? So, I I’m not one of these YouTuber stackers and all this stuff. It pissed me off. Are you a stacker? going, you know, give me a break. Those guys are just chicken You come to listen to the real guys, and that’s what Limitless is about.
And, you know, this is this is my friend here, the Donald. He’s a good man. I’m wearing his Trump shirt, you know, but he’s got a huge job. I mean, when Elon Musk quit the team, that’s not good. I had dinner last night with Jared Teach with VC Ramsey’s partner and uh people are worried right now. I mean there’s Trump’s cabinet.
They’re worried. I would be worried too. But the safe haven right now is poor people still hang on to this stuff. I I it’s really hard for me to grasp. This guy says, “Well, how much cash you have?” I said, “I don’t have any cash, but I have gold, silver, and Bitcoin.” They go, “No, no, you have to have this.
” And that’s why he read Rich Dad Cord said, “Savers are losers.” But so many people drank the Kool-Aid and they think saving this stuff is real and they hang on to this and they save this. And the Fed is printing a trillion dollars every 90 days making this toilet paper. And poor people still hang on to this stuff and they still work for this stuff and they still think this is important.
And Kenny knows, I’ve been saving gold, silver, and Bitcoin and now I’m a multi-millionaire in gold, silver, Bitcoin. Well, this turns into toilet paper. But the average person does not know what an asset is. They think this is real. And you have no idea, Kenny. I mean, I talked to people said, “But you don’t have any cash in the bank.
” I said, “I don’t want any. I have gold, server, Bitcoin.” Yeah, but you got to have this stuff. Poor people still work for this. That’s the biggest threat I see today. Yeah. And it it’s important to lay all this out. And this is the whole point of Limitless. The whole point of Limitless is to expose all this stuff and then have a bunch of experts in there that can help us make good decisions moving forward.
That is the point. Uh, one of the greatest books that we’re all reading right now. Uh, Tarl, I think you’ve got it. We’ve got it. Robert’s read this multiple times, The Big Print. Um, Lawrence Leard. I’ve read this once. I’m on I’m on my second time around. Um, it talks about sound money and it just talks about when money stop becoming sound Monday.
And and and uh in Robert’s book, Rich Dad Poor Dad, he talks about savers are losers. So, they’re not really losers. they what it means is that you’re going to be losing u you you can’t keep up with inflation and and so you know while all this sounds doom and gloom, it isn’t. It’s just facts.
And so we have to just be on the right side of this because there’s lots of things that I’m doing. As you guys know, as Robert knows, um this is one of my busiest years. I’m extremely active. We’ll have by the end of this month, which is just a couple days from now, we’ll have closed almost 500 million in real estate this year, plus we’re doing billboards, plus we’re doing uh recaps.
We’re doing all kinds of stuff internally in our business right now. I’ve had an extremely busy five months. Um so, uh while there’s disruption is the time to be buying. Um and that this is the perspective that you guys need at Limitless. You know, these are all important things. The dollar’s important, gold’s important, silver’s important, Bitcoin is important.
All these commodities are important, inflation’s important. All these things are important, and they’re important to bring the right people to talk about their perspective from it. And so, Taro and I are working our butts off trying to get the right people in the right room. We have what, 50 speakers at this point, Tarl. And most of them, guys, these are people that are really doing stuff.
These are people that are really in the gold and silver business. These are people in the water business, the timber business, the oil and gas business. They’re all there um to to and so you can go watch whatever you want, make decisions whatever you want. We’re not going to tell you what to invest in.
This is just a smorges board of people trying to help. You know what’s what’s really frightening where once this brain is programmed, it’s the question is how do you unprogram it? That’s the problem. Like I said, you know, guy says, “How come you don’t have any cash?” I said, “I have gold, silver, bitcoin.” No, but you got to have this.
And I’m going, “But you can’t change your mind.” So the good fortune I’ve had or bad fortune, this here is a Zimbabwe dollar. This is $10 million. This might buy you an egg. And the good uh blessing I had, I was in Zimbabwe when Zimbabwe collapsed. And it was hell to pay. There was I had guns put in my face. the uh black nationals were after me.
It was a horrible time. The whole thing they were they were they were taking the white farmers lands and so I met this guy here and it’s Philip Hland is when money destroys nations. He was writing about this Zim dollar. So the countries like Zim Zimbabwe and all that they know what’s happening.
I think America is the last country to find out that we’re screwed. as country. And like I said, I’m trying to say to people, how come you don’t have any cash in the bank? Because I don’t want any. This is going down. Gold, silver, Bitcoin are going up. And I’ll say it again. You know, Kenny and I took this company public.
This is one of the biggest gold mines in America. So, we’re set. We’re set. But but but my family is not because unfortunately they’re Japanese and they still like this stuff. Japanese are the biggest savers in the world. Sad. Well, I want to clarify too what for everybody that’s here, Robert’s really what he’s saying is go buy assets with what you have, right? And so what and redefining what an asset is.
He’s you’re talking about hard assets at the end of the day, right? And putting it in cash, mutual funds, stocks, equities, that’s not that’s in that sense, Robert, you’re saying that’s not worth anything or might not be worth anything in the future. So, get something in a little bit more tangible like gold, silver, bitcoin, and also real estate because I know you’re you would definitely put money in real estate as well.
Uh, and and that’s what we’re talking about right now, right? Is the solution to protect yourself against the dollar, the bond market is move your money into gold, silver, bitcoin, real estate. Is that what you’re mostly saying or something else or am I not getting it? Reading a rich dad poor dad. Yeah.
You know what I mean? You go, “My my poor dad was a PhD from Stanford and University of Chicago, Northwestern.” And he thought all he needed was a college degree. That’s why he was poor. And today, our academic system, look at I love Trump. I love this guy. He’s taking on Harvard. He’s going after him. He’s shutting down the Department of Education.
What our our buddy, what’s his name? Uh Kennedy Jr., you know, he’s going after the pharmaceutical companies, Dr. Fa Fasy Fouch, you know, who poisoned so many kids with his vaccine. And if you believe our government, man, you got to stop drinking that Kool-Aid. Better wake up. Like I said, I’m going to be sitting in the front row listening to guys like this, 50 speakers, and I want to see what’s over the horizon.
But I’ll tell you right right now gold, silver, bitcoin will be here tomorrow. Dollar won’t be. Yeah. And I think to um we just want to invest in things that you cannot print. Mhm. I mean I mean it’s that simple, right? And and that’s it. Like you know people want a solution and most people just want the easy they they just want to be told what to do. Yep.
Uh they’re going to get taken advantage of in this in these next few years. you you can’t you have to go there. You have to take control of of your own stuff and be able to uh talk about it and and have people help you through the process and that you need a community and you know even at this is confusing time especially now with tariffs, inflation, the dollar the dollar getting downgraded, what’s going on with gold. You know I have some gold.
I don’t have a ton of Bitcoin. I’m not, you know, I’m not as heavy in Bitcoin like Robert, but um but the diversification, you know, George Gam talks about diversification. Everybody has a different view and a different philosophy. So, if you’re looking for that one pill fits all, you’re not going to get it.
You know, you’re going to you’re going to get a lot of people with a lot of different opinions and your job is to go there and listen to everybody and keep an open mind. I think like what’s the pill for you basically? Like what’s your pill that you need? Like that’s what for everybody out there listening it’s like what I hear you say Ken is like buy stuff you can’t print like invest in things you can’t print.
Robert I’ve heard you say that multiple times too in the past and but that pill whatever that solution is is kind of different for where people are in their current state in their business and their lives and everything. Right. Right. Well for me Robert already knows you know the dollar’s debt the Fed uh you know obviously everybody’s worried about that.
And so what do you do? What should you do? You should be in debt. Good debt, right? You should be in debt that people other people are paying off. And for me, that happens to be real estate. So, well, when if I can go to the bank and get money from real estate, other people’s money, by the way, your money, actually.
Your your you when you put deposit into a bank, it becomes a liability for the bank. And then the bank lends it to me. Thank you. Um and I buy real estate with it. And and then other people pay it off and then that’s debt. And so just like um the dollar declining and uh you know devaluing over time and inflation eroding. I mean even the Fed has pic picked 2% as an inflation target.
Like how think about that. Think how absurd that is. They basically are saying that we’re going to inflate at 2% even though it hasn’t been 2% in a while. Um, and so you if you save money, you can pretty much be assured on their website that it’s gonna in it’s going to deflate it at least 2% a year. That’s their target. So why would you be in that? Why would you pay in cash? What’s that? What Keny is saying is crucial here.
I save gold, silver, Bitcoin. The trouble with gold, silver, Bitcoin, it doesn’t produce income. So I’m always on the phone to Kenny. I say, Kenny, what you got? What you got? What you got? So this year alone uh I there was three Dales Kenny I invested with Kenny. I cashed in my gold. I got a million dollars for my gold.
It was good because my basis in the gold was only 300 bucks and I cashed in at 300 $3,000. So I made my gain there. So I give Kenny a million dollar. But this is where the magic happens with Kenny. I give him 1 million. Kenna borrows 10 million and then he produces cash flow. You see that sign behind me? Cash flow. So that gold or silver or Bitcoin is converted to dollars.
I give it to Kenny. He marries it with about 10 times debt and that produces income and it pays off the debt. The tenant pays off the debt. So that’s why I get into with Dave Ramsey, you know, I called him a stupid and I shouldn’t have done that publicly, but he says live debtree. I said, how can you do that? He doesn’t know anything about money.
The dollar became debt in 1971. And if we stop borrowing money, the whole thing stops. So you got to be careful who you listen to, especially on YouTube. a lot of quacks and weirdos on YouTube and a lot of them are, you know, there’s clickbait and all that stuff. I just can’t believe what they’re pitching. So, I’ll say it again.
I have lots of gold, silver, Bitcoin. I’m always on the line with Kenny. Kenny, what you got? He says, I need, he says, I got this deal. I said, I’m in. So, I cash in a million dollars worth of gold. Kenny marries it 10 times with debt. Is that correct, Kenny? Yeah. And that that’s what that’s how it works.
the the bank takes the as we all know this Tarl the the the house or the the forplex or the 100 unit property or whatever you’re buying is collateral for the bank they lend against that that’s their collateral and then you just have to come up with the down payment but they give you the rest in the form of debt um you fix that you lock that in the tenants pay it off and um and now you’re hedged for inflation um that’s exactly the model right That’s how much tax we pay.
Yeah. Yeah. Right. Then you do a cash out refi. As we all know, we use debt to replace the old debt. That’s the model. Um it’s, you know, it’s it’s it’s nothing that I invented. I just jumped onto the system that a lot of people before me have done. So, for those of you guys that are watching right now, there is a Q&A section that’s on here.
We’re going to get into some pretty heavy Q&A here in a minute because since we got Robert, we only, you know, Robert’s gracing us to be here. So, we want to take advantage of that as much as possible. Um, but there’s a Q&A. The chat, I see a lot of chat and I see a lot of good questions on there.
I’m trying to write some of those down. It helps me a lot out more if you do it in the Q&A portion of Zoom, uh, on your webinar portion so I can actually like track it a lot easier. So, definitely start using that, guys, uh, with it. But I do want to say this. I always feel like when I’m on the call with you guys, I’m like, “Okay, I’m here to like be the be the layman, I guess, like in a so kind of like help figure out how I would view this if I didn’t know anything about finances and so forth.
” And what I’m hearing in a sense like Robert, you’re saying dollar’s useless. Like I get that, right? In a lot of stuff, it’s paper because it literally is printed out, but you’re also using it as a tool to go buy hard assets at the same time, right? Because it’s there. We’re using it. So, for some of you guys in the chat being a little bit too uh what’s the word? Like too uh taking it too literal in a sense like you’re taking that useless dollar that is there right now and using it to go buy useful things that are assets and hard assets and so forth that are real
things. And even though like that real estate, that gold, that silver, that Bitcoin, the US dollar might fluctuate, but that thing’s still real, right? And something else if later replaces the dollar, you still got that real estate. You still got that asset. You still got that gold. still got the silver.
So things still fluctuate. So you’re using the tools that are there to raise and build up your net worth. But here’s the question for both of you guys, right? For us normies out there that don’t have a lot of money saved up already or hasn’t that’s still like wanting to get after it.
Maybe they’re at a point in their lives where they’re like, I got to do something right now. I got to get after it in some way like and I don’t have a million lying around but I need to go generate revenue, generate income, generate money to buy assets and so forth. What do we do? And today like what’s a good I mean there’s a lot of ways we know that but what are a few right now? Do you guys think that would be a good thing to to do for somebody? I’m just saying the same thing I’ve been saying since the start of this thing because 50 speakers are limitless. I’m
gonna be in the front row and I want to learn and I don’t want to learn from these effing idiots out there. Like Dave Ramsey and I go back and forth. He’s I understand him. Dave Ramsey’s customers who listen to Dave, they’re pathetically poor people. They’re deeply in credit card debt and they should live debtree.
But that’s only one side of a coin. If Dave was an accurate forecast or teacher, he would know the dollar is debt. It’s called a US bond. And when these financial planners tell you, oh, it’s a 6040, 60, 60% equities, 40% bonds, I want to shoot them. That’s the worst possible combination possible. M but because people are so stupid, the mutual fund companies and the credit card companies and all that, they take these stupid people with college degrees like my poor dad and say, “Oh, it’s 6040. Put in your 401k.
60% equities, 40% bonds, and Moody’s downgraded our bonds last week.” What does that tell you? I didn’t know that. What does that mean? That means the United States is not paying its bills. United States is now debt I think debt to GDP is now 141% or something. We’re bankrupt and I’m going to save dollars and I’m going to send my kid to school and they’re going to become a social studies teacher and turn communist.
I mean, what is wrong with people today? And they still save this here. And Kenny and I would rather have That’s what real gold looks like. It’s green. Not gold. It’s great. And I I think Taro, to answer your question, uh you know what we’re the resistance that we feel mostly is people are used to turn their money over to someone else.
But then when you ask them what you what are you invested in, they don’t know. They just say I just turn it over to soand so and it’s in some mutual fund or it’s in this or that. They don’t actually even know. And so the resistance is, and it should be, how do you take how do you teach them not to just turn your money over to Wall Street and take personal accountability for your own money at Main Street and that’s it.
Like you know what they want is they want us to tell them what to do. That is no different. you might as well just stay over in Wall Street in in my opinion because all you’re going to do is, you know, just you’re just going to blame the person you gave the money to. That’s all you’re going to ever do. And if you’re going to don’t come to if you’re going to do that, just don’t come to Limitless. Yeah.
Seriously, Limitless is for the people that are trying to figure out what the they they want to do, how to grow their wealth, how to put it in the right assets and grow with inflation and then transfer it legally through low tax and also to the next generation. That is what everyone wants. But if you’re not willing to make that commitment, if you’re just gonna um if you’re just going to bang on the teachers, say give me the answer, or I’m going to read a book and I need the answer, then this this this is Limitless is not for you. Uh this is for people
that are really trying to figure this out. Um and and and also uh ask the right questions. And so when you invest, it’s what you invest in what you see. So you don’t need money. You do not need money. You need a deal. You need to be able to see a deal. You need to see a deal that makes you and everybody money.
And they’re out there all over the place. But you can’t do that unless you’re around people that are doing deals. You can’t. So, so you know, so you’re not going to get it from a book. You’re not going to get it from a YouTube video. You’re going to get it from real people and real conversations. Um, so, you know, put down the glass and and show up in person and have real conversations with real people and maybe you’ll walk away with some great ideas.
Um, you know, and it could it’ll change your trajectory. That’s the whole point of Limitless. I I’ll say say this much too. What Kenny is saying is accurate. I go there to learn because this is the greatest asset I have, greatest liability. But this is not an ordinary event. This is not just another Limitless.
When Moody’s downgraded the US debt, it’s the end of the American empire. That’s what I see. China’s going to take over on the macro scale. I was just out in the Pacific watching what China’s doing. They’re they’re going to take a they’re going to they plan to I think we’re going to go to war, unfortunately.
So, this is not an ordinary time. The US is very very weak. Got these woke, you know, tick- tock dancers for military boys. What happened to America? Our boys are weak. You know, women are tatted up and men have nose rings. I’m going, it’s the end of America. When they downgraded our debt, that said, America is now not creditworthy. You’re a dead beatat.
And every person, what does that mean? What does that mean? It means life’s going to get harder because every time you print this here, Kenny and I get richer because what happens, Tarl, is that when you print this, assets go up. Yep. When you print this, chicken, food, milk, and eggs goes up, too. So, the rich are getting richer, but the more they print these, the poor and middle class are getting poorer.
Unfortunately, that spells civil war. And as I said, I was in Zimbabwe, the good fortune, when this baby collapsed, and these black guys came up with AK-47s, and they burned they they took the land from the farmers, set fire to the place, threaten to kill us. And I said, “God, I’m seeing something that’s so important.
” So, I met this guy here, Philip Hass, and he wrote the book. America is doing exactly the same thing as Zimbabwe did. I think that for those of you guys that are watching this right now, what I just heard Ken say, what I just heard Robert say, at the end of the day, like there is no magic pill, but becoming a student right now, getting involved in your finances.
A lot of you guys came here to learn what to do with your money, right? And there’s a lot of things you absolutely can do with your money. We’ve given a few suggestions so far for that, right? Such as gold, silver, bitcoin, real estate, investing in assets, stuff that you can’t print. If you are worried, even with what Robert said, worried about, you know, wars, circumstances, and everything, getting things that you can’t print is going to help you a lot better in your investment career.
And even if we don’t have those situations, it’s still going to help you better in your investment career and in the future as well. So becoming a student today and paying attention to your finances and paying attention to your family’s financial future is more important than ever right now in my opinion. And so the so that’s what I’m getting out of this more than anything is that not just take my cash but put it into things you can’t print but also pay attention.
The your worst thing is you have old ideas in your head. That’s the worst thing you have. People actually think this is good. They listen to Dave Ramsey live live debtree and there’s a there’s a clientele for Dave. But I already told you I have gold, silver, Bitcoin, and when Kenny has a deal for me, I want Kenny because he adds debt to it.
I want you to hear that. Oh, that’s so risky and dangerous. Kenny is a genius at debt. So when you come to Limitless, I listen to how how he applies debt to 10 times his investments. So I have my gold, silver, and Bitcoin. Any can save gold, silver, Bitcoin. But how do you take it and leverage it 10 times? Produce cash flow. That’s the trick.
And that said, we’re about to get into some massive Q&A here. So we have almost a hundred questions. And I don’t know if we’re going to get through all 100 questions because Robert Rob might not want to stick around that long. But um but we do want to give you guys this opportunity and then we’re going to move on to the Q&A right now uh with everything.
We have almost 100 questions on the Q&A. Now’s your chance to to throw it in there. But this is Limitless. Go to go.limalisexpo.com and this is part of becoming a student, right? This is part of learning what to do with your money. This is part of what’s happening. And we do have ticket prices increasing tomorrow.
Uh you have one day basically to be able to do to be able to get your tickets. Uh you can go the scan here because we do have a special offer for you guys. Robert, look, look, there’s Robert right there. You look good on that, right? So, the uh Robert comes every year. Uh he’s going to be there. He’s also, if you guys are buying your tickets here on the webinar right now, there’s a special meet and greet that we have for you that’s going to include Robert, we’re going to give everybody Rich Dad Poor Dad books.
So, uh so thank you. You don’t know that, but we’re going to be buying a bunch of books from you. So, um and you’re going to be helping sign these things. So, it’s exciting. It is August, sorry, it is July 31st, August 1st, August 2nd. Uh there’s Robert. There’s Ken. Robert, you don’t know Trixie yet, but she’s awesome.
So she Trixie sold a company for 500 million and she just did that a couple years ago. Uh she’s crushed it. She’s going to be there. My buddy Brandon, you guys know George as well. Uh so why do you you’ve mentioned Jim Records a couple of times, but like why are you remind us again, why are you gonna be in the front row for Jim Rickards? He can see over the horizon, right? And that’s what do love it.
And then you know Mike Maloney, he’s he’s one of the most leading experts in gold that’s out there as well. And for for those of you guys like Ken bring Ken and I bring these people here because we’re trying to learn from them too. Like we’re students also like we go to the sessions.
Like one of the things that I love about this event and Ken, you tell me as well, but like we’re all attendees. Like we’re not just we’re not speakers, right? We’re actually attendees too. So uh right Ken? Yeah. Oh yeah. I guys like obviously we we know in our lane like we all have a lane right and uh uh I go there to learn from Jim Records or or you know from Chris Martinson or you know or Mike Maloney or Daniel Samuelson you know some of these other obviously Robert Robert and I talk a lot so I do have the benefit of that and we but but a lot of these people I
don’t get to see or meet often so this is a great opportunity for me also to sharpen my saw So, those of you guys that are on here saying you can’t see, are you on your phone right now? Like, you guys see it? Ken, you see my screen, right? Yeah. Yeah. Okay. So, if you’re on the phone, just swipe if you’re on the phone watching this.
Like, it’s probably just a different view for you, but a lot of us can see it right now. Um, but there is no But we also don’t sell from the stage. So, that’s a big thing. So, and I think that that’s a huge thing for this event that I want you guys to know. Like, we don’t pay Robert anything to go to Limitless.
And I don’t know if you know that, Robert, but we don’t pay you to go to Limitless. So, um, so it is a three-day event. July 31st, August 1st, August 2nd. Uh, you guys could go to go.limitlessexpo.com. Ken and I don’t allow selling at this event. We don’t allow selling from the stage. This is just other all the speakers there want to be attendees just like you guys.
So, this is a big deal for us. Um, so Robert, this is a number of our sessions that we have. Uh, look, there’s us. This is actually right after we had RFK on there. Like that’s me, you, and and Bob and uh Kenny right there. Um, so we got real estate predictions, but central banking you brought up like that, uh, the book of the Jackekal, um, the creature on Jackal Island.
Uh, right there you go. And with what’s happening there, alternative investments, the tax policies, there’s a lot of stuff we’re digging into. So, this is a chance for you guys to uh to learn more and then join us at Limit. We do these calls almost every month as well. Here’s a special offer and then we’re going to get into Q&A. So, this is a fast action thing.
So, because you guys are here at the webinar, you know, Robert is basically willing that if you come to Limitless, we’re going to give you a fast pass. So, go to the book signing, meet Robert, special meet and greet to be able to get your book signed. We’re going to give you a copy of Rich Dad Poor Dad, but if you buy your ticket tonight for Limitless, uh, if you use the discount code book 10, not only will you get 10% off of the ticket, you’re also going to get a personalized signed book with Robert, get to go to the Fastpass and
everything at the event, right? Uh, he’s gonna love it. So, he’s going to love meeting you as well. So, but you have to be in person. Our ticket prices at the door is 1,600 bucks. So, right now, if you go online, it’s $9.99. Because you guys are here at the webinar, it’s $8.99.
And then if you want to upgrade as well for VIP, this is where you get to hang out with me and Ken and a bunch of the other speakers as well throughout the other event. There is a VIP option that is also discounted, too. So, this all expires tomorrow. So, definitely take an option, guys. Uh, buy your tickets, take advantage of it. We’re going to get into Q&A right now.
Come meet Robert. Come meet us, right? A lot of you guys have been to Limitless already. This is something that we we really pride ourselves on. We take a lot of effort to build to so that you guys can learn. Dude, especially with what’s happening right now in the economy and what’s going on with the dollar.
Um, I for me personally, for me and my family, this is a big deal to be going to this and learning from what’s happening in the world right now. So, what you think, Robert? You’re gonna be there again this year and every year going forward hopefully. Right. I come to learn. I go to learn.
You know the best thing about these events, you meet people like you and or some of the dead beats that you hang out with, but you meet people who are moving. Like I said, the horizon’s changing right now. The whole world’s changing. United States is now not as not the richest country in the world, but the biggest deter nation in world history.
What does that tell you? So guys, excited for this. Let’s get into some Q&A. Robert, I have a question for you from uh Chris Boyce. Uh I know nothing about silver and gold other than I buy it from Dana Samuelson, who actually goes to Limitless every year. I literally, he’s a friend of mine here in Austin, too, that I met because of Limitless. Full disclosure.
Uh I give him money, he gives me gold and silver. But Chris Boyce, uh had said asked a question, when do you think silver prices will take off? Well, I I don’t do those types of things. What I’m saying is I don’t save uh cash. I save gold and silver and Bitcoin. And I just bought a house the other day and it was 4.5 million.
I wrote a check for it. But the 4.5 million only cost me 450,000 because my basis in the gold I I cashed in gold which was stored in Likenstein. The 4.5 million in gold only cost me $450,000 because I bought it at 300 an ounce. So what was happening was this dollar was going down in value. Gold and silver going up.
So that’s my way of using gold and silver. It’s and Bitcoin. It’s just a way of not losing, you know, getting screwed while you’re saving money. Saving everything you can do right now. There was a book you wrote. Um was it debt or was it um what’s that one where you basically you talked about what’s the book you wrote a lot of books.
Uh I I see the book I see the cover of the book right now. But it has a lot to do you tell the story of gold and and and uh and when you crash your helicopter and like all the stuff is it debt or is it cash cash or is it or lie lie? What is it? You know the title of your own book. I tell I also this is my uh I flew these in Vietnam, you know, and I flew behind enemy lines to go buy gold, which proves that uh Marines aren’t the brightest guys on Earth.
And we got up to the window to buy gold, and we didn’t know what gold looked like. So, that’s how we learned. Well, the thing I remember from that book the most was because I never bought gold and silver until I read that book, right? And and for those of you guys that are here, if you have silver is what, 23 bucks, 30 bucks, something like that right now.
Um what’s the spot on it right now? Somewhere like between It’s less than 30, right? Yeah. Somewhere in there. Yeah. So, everybody on this call can go buy some silver, right? And just have it, right? And and what I learned about that book and I don’t I don’t get anything to tell you guys to buy silver. Trust me, I do real estate.
But I never bought a penny of gold, silver, or anything like that until I read one of Robert’s books because it what what stuck to me is that we all think the dollar is raising in value. Like when you look at gold, this how I I could be wrong on this, by the way, guys. Gold is like level. It’s the dollar that changes in value, which tech it’s the other way around.
I always saw it as like, oh, gold raised in value. No, no, no. The dollar went down in value and that raised the gold. So, I saw gold and silver once I read that book is like a stop gap. It’s like a hey, I’m taking chips off the table to set this aside because for for for just just to get it out of the circulation and and when the dollar changes value and lowers, it raises the price of gold.
It’s that that’s technically how I read it. And it completely changed my thinking to like, hey, I’m taking money I’m taking money off the table to like put it to stop playing with it out there and I’m setting it aside in gold or silver for whatever reason in the future. Right? That’s kind of how I saw it. And uh and that’s how I’ve applied it in my life.
Does that I’m not I can add to that real quickly. Okay. When you print this, the rich get richer and the poor middle class gets poor because assets go up with inflation, but so does eggs, chicken, and milk go up. So the rich are getting richer today and the poor middle class are getting wiped out because they think this is valuable.
So, here’s a question from anonymous attendy, but I also think Lori just asked this too in the chat. So, where’s a reputable place to buy gold, silver, and all that great stuff? Dana. Dana. Yeah, a registered dealer. That’s a big deal. You got to make sure that um there’s there actually is fake gold actually, so be careful not to buy it on eBay and that kind of stuff.
You want to go to a dealer that’s um got an agreement with the US Mint. Um, you know, and obviously there’s going to be people at Limitless that that do this, but you’re going to want to vet them, too. Um, yeah, I think most of us buy from Dana, right? Like or or somebody like him or if I could add something, a non real deal will tell you to buy a numismatic.
Numismatic means a collectible coin. They say, “Well, this thing is a this is a 1933. It’s more valuable than 1964.” You don’t know the difference. All I do is buy the ounce. That’s all I care about. So, don’t buy numismatic until you know what you’re doing. Yeah. That becomes like a collector thing. I have no idea what I’m doing.
I just hit up uh So, Air Gold is who I buy from and that’s who I believe Ken buys from as well. Uh that’s Dana Samson’s company. He comes out to Limus every year. He’s a great guy. Like super good. He’s super into music and bands and stuff. Oh, okay. Good. Robert, you buy from him, too. I buy Yeah, Dana’s awesome.
Those guys are leg I’ve gotten to know Dana personally really well over the years. uh like my wife and I go out with him and his wife and we go to concerts here locally in Austin and like just a really good dude like really good dude and he’s amazing. So um he does it well for people. He really does. So uh so definitely check out air gold Dana Samson like legit for sure.
Uh somebody asked is there a virtual option for Limitless? Yes, there is a virtual option. It is on the website. Uh the 10% discount does apply to that but the meeting Robert and getting the book does not apply to that. You have to be in person to get that, but you absolutely can uh buy a virtual ticket. Let’s see what other questions we have.
So, uh let’s see. Ken, do you got any questions right now as I start going through this Q&A? Well, I think one of the interesting things from at the web seminar that Robert and I spoke at last weekend, George Gammon’s webinar, Rebel Capitalist Live, um I think the consensus was two things. one one is um everyone believes that we’re already in a recession even though we haven’t I mean I’m I’m saying every almost every speaker believes that that these are Jeff Snyder you you know George Gammon you know and and Joseph Wang that we’re
already in some kind of recession already even though it maybe hasn’t been technically announced Robert wouldn’t you agree with that yeah 100% Yep. Yeah. So, that was one thing. And then the other one is uh everybody also believed, this is an interesting one, that over time we’re going to see uh interest rates, they’re going to have to come down.
Um even though uh you know, I know there’s some wrestling matches going on between Powell and Trump. Um Powell’s out of the chairman of the Fed next May. Uh and um all the these are all technical guys. These are guys that really follow charts, you know. It just drives me crazy to try to follow those. But they follow these things and especially guys like Jeff Snyder, if you’re not watching him, the Euro Dollar um University online at YouTube, you should watch his stuff.
He’s really really technical and um really really really bright. U and and even he says that the interest rates are going to have to come down over time and unfortunately that could potentially create a lot more inflation because uh low low cost of money Yeah. does create asset bubbles just like we uh just got out of.
Yeah, I work with a lot of single family investors. That’s kind of like my entire niche is single family real estate. Like um I don’t know how to do multif family. I don’t even like real estate that much. I do it because it builds wealth and I put money and invest it and I’m happen to be good at single family.
But the reason why I brought that up is because like I have a lot of people that I talk to that are in that that like I can’t wait till rates go down. And I’m like man I don’t think I want that to happen because like it might be good right now when you’re in a bind. There’s a lot of there’s a lot of multif family guys right now can that would love for rates to go down so they don’t lose their properties.
But even single family investors it’s just like I’m like I don’t want that to happen because I don’t want it all to go down like meaning the an asset bubble like you said and I don’t think it’s a good thing and too many that’s not a strategy. I I mean hoping something’s going to go down is absolutely 100% not a strategy.
You know, you have to be buying today that you know obviously for cash flow uh for the tax benefits and and it needs to it needs to be a good deal today. They’re really really really hard to find but they’re out there. um you know what you know everybody what they all what everybody wants is they they you know when everybody’s doing it you should probably look around and go is this the right time right when it’s the hardest when nobody’s doing it when there’s when there’s um blood in the water and the the banks are uh having problems with some of the borrowers and
and real estate is not performing like right now I’m talking about mostly on the commercial side that’s when you need to be looking that’s when the best deals that you’re going to get um and that all changes when cheap money starts coming back around. So um because now uh you you know you’re you’re basically just creating another asset bubble uh which is also not good but uh you know we just came out of an asset bubble it’s deflating and u prices have already dropped specifically on multif family and office and a whole bunch of other
things not as much on single family but um you know those are two different worlds I mean single family and multif family are counteryclical they’re not the same they’re not the same at All right. Crashes. A crash is a good time. Yeah, it is. Good time. Yeah. Right. That’s when you that if you know what you’re doing, that’s when you make that’s when you do the best. Yeah.
Yeah. There’s a I like that you said that, Robert. A crash is a good is a good thing. Like it’s a good thing if you know what you’re doing. And so and for those of you guys like if you would have thought to me in 2016, I’m like I’m gonna the real estate market is gonna crash. Like I’ve thought the real estate market is gonna crash every single year since 2016.
But the but the point is is that like for those of you guys that are watching this and you’re not already in the game and you’re not already in the real estate game specifically or anything like that, like now is a good time to like definitely become a student of it and start getting after it because if there is a correction, right, there’s not very many people that are willing to run into a burning building if everybody is running away from it.
But if you’re skilled and you know what you’re doing in real estate, you will run towards that build burning building, right? Which might be real estate at some point. Who knows, right? So crashes aren’t bad and you make money in disruption. And so the like I learned from Kenny, trust me, I’m a house flipper for a long time, right? I’m a recovering house flipper right now, which means I focus on keeping houses.
I’m fighting the addiction, Robert. Every day I see a house, I’m like, I could I could flip that, right? That looks good. And uh and I’m like, no. Ken said to keep properties, not sell them. So uh so every day I I have to say no to that. And only I’ll tell you right now, guys, I have a handful I do have a handful of flips.
I don’t want to like admit that publicly, but I do. Uh those are my I hate those properties. Like I would I love my rentals. Like I love having those. Um but when the market turns and if it turns, it might not. If it does, that’s when you jump into it. It’s not when you run away. So the only time it sucks as a single family investor is when you’re flipping and you’re in the middle of a bunch of construction projects and the market turns. That sucks. Trust me, been there.
So, but if I’m saving my money as I’m making it, if I’m reinvesting it properly, if I have assets to back me up, I can take a downturn and take the hit if the market turns and then jump back in. So, there’s it’s just like dollar cost averaging for those of you guys that aren’t familiar with it. Like, if you’re constantly reinvesting back into it when the market turns, you have an upside.
Um, I don’t know if that makes sense, but that’s how I view it. I’ve learned a lot from that from Ken. I learned a lot of that from Robert. So guys, come to Limitless because this is where you can you literally can come and hang out with us and like talk to us and stuff, right? Uh so it’s definitely part of the game, but hope that helps.
Uh let’s see what are Let’s see. Uh okay, US dollars going to crap. We know that bond market, all that great stuff. Is it still I know we’ve already said it. I think we’ve already said it, but one of the questions uh on here is that is it still a good place to put money into the real estate inside the United States like at the same today? 100% yes.
I I mean just take a look guys here. There’s there’s some super factual things going on. One is we’re all experiencing inflation. Fact. We’re all experiencing affordability issues, right? Like we are seeing a big gap. The the middle class is is is getting crushed. Fact. Okay. We all are seeing housing prices go up and interest rates are high.
So the gap between rental and and single family mortgages have has never been higher. So all right, those are all facts. So what happens? That means that there’s a massive shift of people that are actually forced into rentals. Period. Because of all those things, that’s it. So, okay. So, if you know those things and they’re right in front of you and you’re reading about them every day, you can get angry or you can you can get on the side of the equation that’s going to move people into the rental housing.
It’s going to put it’s already putting stress. There’s we’re already under supplied. There’s going to be more stress on rental housing and we’re going to see rent growth and we’re going to see all that stuff. And that, you know, I’m gonna this is precisely what my talk’s going to be at Limitless. It’s going to show um definitively you what’s what’s really going on.
And we all know this inherently. We know this. We know things are going up. We know rents are going up. We know house prices are going up. We know interest rates are up. We know mortgage is up. We know inflation’s up. All those are facts. So, you can get mad or um you can figure this out. And and so for me, that’s why we’re doubling down on on on the multifamily because you know what’s going to happen right now is you’re going to have this shift of home ownership into the rental and we’re moving into a renter nation.
By the way, I don’t agree with this. I actually think it should be balanced. My kids who are in their 20s cannot afford a home. That’s not good. Okay. Uh yeah, I I do believe that there should be entry-level affordable housing for people, but we can’t build it. So, and the land’s expensive, the prices are expensive, the interest rates are expensive.
So, how do you deliver that cheaply? You can’t. So, uh so everybody’s advocating for the same thing. The the point is is that you just need to you need to understand it. And then if you’re going to invest or talk to somebody who’s going to invest for you, you you just need to understand the way the the way this is all moving. That’s it.
And that’s what Limitless is for. And that’s what we’re gonna be talking about in my opinion. I think that’s everything. So, Robert is gonna be there. We got more Q&A. Got a lot more. So, this is great. He’s going to if you guys buy your book tonight at the Sorry. Buy Yeah, we’ll give you a book actually. So, you buy a ticket tonight to Limitless.
Uh, and we’ll get you a book to from Robert and so forth. We’re going to buy Rich Dad Poor Poor Book B book. Rich Dad Poor Dad books, right? Get it signed, all that great stuff. It’s going to be great. Uh, get a fast pass to meet him and so forth. And then you of course get everything else that happens with Limitless.
So go to go.limitlessexpo.com, use the discount code book10. Uh I am going to throw this out there. If you guys some of you guys I there’s a correction. It doesn’t work for the virtual ticket. You can use Tarl 10 and you’ll get the same discount for the virtual ticket instead. T A R L10. Uh that’ll give you 10% off for virtual if you guys decide to do that.
Virtual is pretty great. Like actually we do a really good job facilitating all the networking and everything as well. You get to see everything streamed and get to participate and so forth. But that said, all right, so let’s get some more questions before we let Robert head out. But, uh, let’s see. What is Let’s go into Robert, I have a question for you personally.
Uh, do you invest I’m just curious. Do you invest in businesses at all or do you do anything like that or is it all just uh um like do you invest in other people’s businesses like or do you just do gold, silver, Bitcoin, Grub? I know I remember 5Gs that you’ve said before, right? uh and ground or do you do you speculate on anything else besides those investments? Right now I I used to and it’s um it’s just too easy long answer to a short question.
You got to find a formula that works for you. So I used to invest in other people’s startups and all this stuff and I didn’t like it. So I just had to find a formula that worked for me. So, I I I produce my own products. I collect the cash. I I convert to gold, silver, Bitcoin, and I call Kenny up and I lever out through Kenny.
That’s my formula. And once you find your formula, I don’t mess with it. It works. Right, Kenny? Just works. Yeah. I mean, you could definitely make it make that happen, Darl. Depends on where you are in your journey, obviously, how much time you have. Uh, you know, one of the things that we’re doing right now is we’re paying really close attention to the tax code.
You know, as we all know, this big beautiful tax bill that’s supposed to be rolling out here, it’s going to um we will know what it is going to be by the time Limitless rolls around. And we have, as you know, Taro, we we have a panel for this. We have a panel of people that can interpret the the the ways to benefit from these new tax codes.
And the reason why I bring that up is because a lot of investment is specifically based around tax. There’s people that make a lot of money like doctors and lawyers, let’s say, um, for example, and and they pay a lot of money in tax and so they can legally do things inside of the tax code to to reduce not to necessarily make more money, but to keep more of what they make um, legally.
And and so um, so I think that is going to be the next game to play. it’s going to be opportunity zones and bonus depreciation and all these things that are that are going to be laid out for everyone to do. Um and and then then you can design your investment strategy around those things. And so as an example, um we we think bonus depreciation is going to come back.
And for people that don’t know what that is, it was designed specifically for farming where you could buy equipment, finance it, and write it off in that calendar year. So, let’s say you buy a million dollar piece, a million dollars worth of equipment, and you don’t put any money down, but you finance it all, you actually get a million dollars worth of write off in that year.
That’s called bonus depreciation. Just look it up. So, there are things that qualify for that. And and so that’s why specifically I’m I’m I’m doing these billboards, you know, the media, right? Because the billboard itself is equipment. Um it’s not real estate, it’s an actual equipment purchase and and then you get to write it off in that calendar year and it cash flows.
And so there are things like that that we’re all doing behind the scenes as we make money to try to legally even opportunity zones is another one. Um we believe that opportunity zones are going to get extended. So, these are things that you’re going to learn at Limitless. Uh, we’re gonna have people talking about this.
What’s funny every Robert, you’ll like this, too. Uh, since hanging out with you, you guys understand like before all this, I was definitely a house flipper active. I focused on income, not wealth. Like, it was a big thing for me. Like, I was like, how do I get my tax return to look really good, right? Like, and I was all into that, but I paid a lot of taxes.
And since like going literally like I know these things because of knowing these guys and going to Limitless. It just so happens I co-host it, right? But I have a goal in real estate to invest in real estate to not pay taxes. That’s a goal actually. Like I’m like, man, one day I can’t wait to have enough money in taxable income that I’m only investing in real estate to not pay taxes on that income.
It’s like, so it’s a different way of thinking about it, guys. It’s not like I got to go get my income up. Like a different goal is like how do I how do I only invest in real estate to not pay taxes? Like which that’s a different way. That’s how I think about it now. Like, man, that would be so cool one day to buy a $5 million building, not because of the $5 million building, but because I didn’t want to pay a million in taxes on something else.
Like, that’s next level. Like, that’s a goal, right? And I know a lot of you guys on this call aren’t there yet. I’m not there yet, but I want to be, right? And I want to achieve that. And that takes going to events like this to learn it. And so, just something to think about. It’s different way of looking at it, guys, is like um but that said, talking about taxes, I have a question for you, Robert.
Like, I’ve heard you say this before. before. I think you did it in Texas or you said before, but do you invest in tax leans or have you done that before or is that something still a thing that you do or No, no, I did when I first started out. That’s like I said, Charl, I recommend everybody. You have to find a formula that works for you and so I tried a lot of things and uh some things I like, some things I didn’t like, but each time I learned different things.
I learned I met different people. It’s better than turning my money into a financial planner tells you to put in stocks, bonds, mutual funds, and ETFs or the 6040 60% equities, 40% bonds. That is the most stupid thing I’ve ever heard of. So, you come to Limitless because you’re looking for your formula, what makes the most sense to you, what you enjoy doing.
It’s like a sport, you know. Do you like like I played what they call grid iron and I played rugby and I played soccer and I like rugby the best. So, you find your sport. That That’s what it comes down to. As simple as that. Tarl, I love it. That’s exactly right. We’re just providing you guys options. So, Limitless is if you guys can’t make it in person, the virtual tickets pretty affordable and you do get the replays, you do get the videos for life on the virtual and so forth.
But like the the main thing there is that like you’re you’re learning, you’re getting provided options to go, right? And that’s and you have to pick what Robert said, you have to pick your sport. You have to pick what works for you and then go that direction. None of us like really like none of us suggest massive diversification in a sense.
A lot of us are actually more like, “Hey, niche out.” Like, especially in business, like niche out. Like, get good at your niche and then you can maybe add on. Same with investing. Get good at your niche and then maybe you can add on. But, um, here’s a question with that. Robert Hugo asks, “What do you guys think about investing in oil and gas, drilling, so forth, help offset W2 income, and so forth.
” I invest in it in Texas, but again, it’s like who is the entrepreneur you invest with? So it’s not it’s not the industry but who is the entrepreneur and that that takes time to find because Kenny saw me seen me go through my trials and tribulations. There was a lot of liars out there. I lost some money with couple of them but in that I found the one I was looking for.
One more tip I could give people is out of every bad partner I found a good partner. Like I met Kenny out of a bad partner. So, so what if you have a bad partner? Generally, there’s somebody better alongside of him. So, I met Kenny because there’s a guy named Hayden and I think Hayden’s out of jail now. But anyway, and Kenny and I just kept making our money.
So, out of every bad deal comes a good partner. Love it. And so, yeah, we actually have a lot of oil and gas coming out to Limitless, too. Uh Mike Mchelli, you like him? He’s a great guy. Uh we have He’s great. We got Phil Ingram. He’s actually one of our He’s a new speaker for us this year. Like his whole family or I think it’s his family or just him.
Ken has a whole thing for It’s not It’s him, right? So he has a whole thing for oil and gas. Uh which is great. Great dude. We met him. Phil was an attendee at Limitless last year and Ken and I were like had no idea this guy was a big deal and as an attendee he’s now friends with Ken, right? Which is kind of cool.
I kind of know him now. I wouldn’t say I’m friends with him like Ken is but but that was just an attendee. Like it was great. So, um, but now he’s a speaker of Limitless, which is awesome. So, okay. So, let’s go into more questions, uh, before we wrapped up. Uh, let’s see. Robert Ken, save me here before, uh, as I start looking for Q&A.
Sure. What the approximate leverage you’re getting on multif family? 50%. Hardly anything. So, u, that’s a really a good question. Um, but here’s the thing. We’re not trying to reduce our down payment and create more problems for ourselves. These are long-term investments. So, right now, the banks are 50 60% at the most.
So, that means that you have to have 50 40 uh% down payment. Now, again, the way that works is if you find a really good deal and it makes complete sense, then the money comes. But you have to find the deal first. And so, um, you know, and then if rates go down, um, and as the real estate starts to tighten up, what you do is you just refinance back out of that.
Um, and so, uh, it’s not about trying to leverage these. These are not zero down, 100% finance, 90% finance. That’s not what we that’s not what we, uh, believe in. uh we’re actually putting our instead of giving our money to Wall Street, we’re investing it on Main Street for people that are on Main Street for real renters doing real things, paying real rent.
Um there’s no reason that we can’t benefit from that. So, I’m not too concerned with leveraging these things up. Um, usually, uh, there’s plenty of money out there to invest in real estate, but right now, um, you’re you’re in the 60% range, LTV or less. So, here’s a quick question. Um, this is more I already know what I’m going to say on this thing, right? But a number of people have already asked this to you.
Is that like what do you guys think about short-term rentals like Airbnbs and all that great stuff for people to get investing into right now? Well, I I I I tell you what, like the problem that Airbnbs have is that peop the they have to work both ways. In other words, they have to rent. If the Airbnb market uh changes, then it should always work as a long-term rental.
So, you should always buy it as a long-term rental. It should cash flow as a long-term rental. Period. then and only then um should you attempt to do an Airbnb if the market is good. Um so it’s interesting because Airbnb itself as a company has grown but the number of Airbnb options for the consumer has significantly grown. So what you have now is you have a lot of options.
So vacancies higher and rents um are and the nightly rate isn’t as isn’t as good. Not in every area but certainly in a lot of areas. So, what we’re starting to see is we’re starting to see people that that bought only uh because the Airbnb math worked and now it doesn’t work and so they’re in trouble. So, that’s for sure happening. Love it.
So, I’m going to answer one question here. Uh Yosi is asking, “Where do I find investors for the down payment?” I’m speaking specifically for single family and stuff and something that’s hard to hear sometimes when you’re not fully in the business. Find a good deal, right? You find a good deal. It is it I I heard it when I had no money and I didn’t believe it for a second.
Uh you find the deal, you’ll find the money. I’m like BS. That makes no sense to me whatsoever. I don’t have any money. How am I going to find the money even find a good deal? But the truth is find a good deal. So this is Yosi. You’re asking a question. If you find a good deal, find a good real estate deal.
Like Ken, Ken finds a good real estate deal or his team does and he puts it out there and people bring him money. It’s literally that’s literally what he does, right? because he finds a good deal and then emails it and then people give him money, right? So, it’s like crazy. Uh same thing with single family, you find a good deal, there are you go to any local meetup, you go to our yoras, you go to bigger pockets, you go whatever and you start putting it out there.
You know, maybe don’t share the address if you don’t want to saying I have a great deal. Does somebody want to JV with me? I have a great deal. Does somebody want to lend me money? Like there’s tons of hard money lenders out there. There’s tons of stuff. There’s tons of private lenders, tons of J. learn how to find a good deal and what a good deal is.
Uh Robert, you’ve said this in so many of your books. The uh the investment’s not risky, the investor is. And so it’s the investor that makes the investment risky. So get good at being that investor that finds that knows how to find the good deal and you’ll turn it into a good investment and people will give you money all freaking day.
Like Robert calls Ken because Ken knows how to find a good deal, right? And so I have private money lenders. They call me when I’m not borrowing from them because I know how to find a good deal, right? And there’s and I’m not the only one out there. So definitely definitely go do the work and you will you will trust me find the money. It does exist.
So but you have to do the work first to it doesn’t happen the other way around. So hope that helps. Reputation everything. It’s man, dude, like you said it, Robert. Reputation is everything. So do what’s right. Cuz here’s the thing. We’re all going to hopefully statistically speaking, most of us are going to be alive 10 years from now for the most part, right? So have a great reputation period because your future self is going to thank you.
And so the it’s it’s not worth the short term. I think you even said in Rich Dad Poor Dad, Robert, like there’s too many like making money legally is too easy, so why make it illegally? Like you know, and so something along those lines. Uh and man, that hit me when I was 17. And I’m like, “Okay, I guess I can’t go sell drugs now.
I got to go find a legal way to go do it.” So, for in to build money in business, but your reputation is so important in this business. So important. Like Ken, you put an email out there and you go get all those investors to give you money because of your reputation. And and it’s it’s no different. Yeah, Robert’s right. you you know a lot of people got burned in the last run w because it became really easy to raise money and um it went to all kinds of places um and some of that ended up being super successful but some of it did not and uh sometimes it was overpaid
wrong market bad operator and we’re starting to see that now um and um so in when times are really really really good and it looks easy. That’s when you should be actually really paying the most attention. Um, right now it’s still hard to find good deals. Uh, but just make sure they cash flow right out of the gate.
They should not it should not be based on hope or the future. You know, they should cash flow today. Uh, that’s the biggest I that’s the biggest lesson. So guys, we got a lot of great speakers. These are some of the sessions that are coming up. You guys can see on the website. You can go there. There’s a lot of ticket options.
It’s a full 3-day event. There is seven stages. There’s stuff happening all the time at Limitless. It’s at the Gaylord. It’s July 20. It’s July 31st, August 1st, August 2nd. It’s non-stop. If you guys just go to this event and only sit in the sessions, you’re missing out the biggest part, which is actually the networking.
It’s actually talking to the people out there in this business doing it. So, when you guys come out, take advantage of it. you will get not only just a discount but you also will get to get a signed book rich that poor dad uh and get to come meet us and so forth come hang out network is everything so and your reputation follows you so uh that said anything else you want to share Robert before we start heading out no you covered it fairly really well really well you know I I mean I met so many people they’ll screw their they’ll they’ll screw the reputation for 100
bucks, you know, it’s not worth it. Just not worth it. It’s not worth it. Ken, any final thoughts? Um, I just want to say that, you know, there’s a wealth transfer going on, guys. And and, um, if you want to know what the normal person can do, um, you need to be in a room of people that are asking that question.
And that’s what Limitless is