0:03

Hey. Wednesday 11 a.m. 

0:07

Eastern Standard Time is a little bit earlier for some of you see people jumping in well good morning guy good to see you bubble I saw a few good commissions going your way in the last couple of weeks huh always nice Indiana man I’ll tell you if it didn’t get so **** cold up in like Wisconsin Chicago Indiana area some good folks up in that area man Always say I don’t have kids, but I always said if I raise kids, that would be a good place to raise them It’s that cold man Syd don’t do cold Yeah, I Don’t know in the middle of summer down here in Florida.

0:57

You might hear me change my tune a little bit. I do air-conditioning.

1:01

I’ll say that we all got muted all of a sudden. Said yeah, you’re muted now. Can you ‘all hear me? I heard that that was weird. Yeah, that was weird.

1:21

Okay, we’re back. I was like, shut up, Syd.

1:26

Last week, what did y’all think of that?

1:31

Y’all think of last week?

1:32

Kind of shared some personal stuff that through experience and whatnot.

1:39

But I know a ton of you reached out to me for links.

1:43

So I feel like I kind of let the cat out of the bag on some stuff, right?

1:48

I’m going to talk a little bit more about it this week, only because I feel like because the cat out of the bag I gotta I gotta make sure that you know I can’t I can’t abandon you you know what I mean I have to uh so I’m gonna talk a little bit more about it this week we do have something special coming up at 11 30 uh scheduled anyway we’ll see um but um we’re gonna talk a little bit more about it hang on let me get started here. So here’s the purpose of the forge, right?

2:28

And we’re going to think of better words, but I just came up with this. Get, keep, grow, right?

2:33

I want to personally teach everybody how to get more revenue, how to keep your revenue, and how to grow your right so um a lot of this in this financial is not financial advice but this financial talk is talking about keeping it and growing it right it’s keeping getting keeping and growing right but also we have a lot of things coming up we got some new things that I and Brian are gonna launch and promote or whatnot that that uh will teach you how to get and to grow And and we’ll talk about that a lot of weeks too. But these few calls always want to kind of just hit the go over this stuff because you got to keep up with it.

3:23

And it’s something I keep up with daily. To be honest, Steve, glad you liked it, man. Thank you, buddy. Thanks guys. All right.

3:31

Again, this is not financial advice.

3:34

100 percent not financial advice.

3:37

In fact, I’ll even say out loud, do not do anything that I do, but you’re going to see real-world transparency with what I do.

3:46

Okay? All right. Roger that.

3:49

Everybody’s good with that?

3:52

We’ll get the rocking. All right.

3:59

Good. Okay. All right.

4:05

So today we started with the Dow a bit.

4:10

Does anybody know what happened?

4:13

What’s going on? Why is it?

4:15

Why is it that the market is in the red?

4:21

It was 20 minutes ago.

4:23

It could have changed.

4:26

Why are the markets in the red?

4:28

Does anybody know what’s causing this?

4:31

And listen, I just want to repeat this to you.

4:34

One thing I can’t stand about people that talk about investments when they start talking to you like a doctor, like give it to me in English, you know what I mean?

4:43

So the one thing cool about Uncle Syd, I ain’t smart enough to tell you like a doctor.

4:47

I’m gonna tell you like I’m talking to a buddy, right?

4:52

Does anybody know what caused this?

4:54

Let me help you, right?

5:01

What hurt us about a week ago was Moody’s downgrade on our credit, right?

5:06

kind of cause, kind of cause some, some sinking, right?

5:11

Dave, you’re a smart man.

5:13

And ultimately today what caused it is the treasury yields.

5:17

They breach 5%.

5:20

Now, what does that mean?

5:24

Well, in this Ponzi scheme, of a world we live in, the Fed has to sell its money, right?

5:35

And if they don’t, what do they do?

5:38

if they can’t, if they can’t sell their money, what are they? What are they required to do? Required to print it. And what does printing more money cause?

5:57

That’s right. Inflation. The dirty word. Inflation. Right?

6:04

And here’s what happened on May 8th: they tried to sell a bunch of treasury bills and nobody came to the party.

6:15

Nobody came to the party and that’s required that’s what caused them to raise the rate on it because they’re trying to motivate people and going all right? I’ll take the five percent right I’ll buy into that I’ll take the five percent but ultimately what is it I mean is it constantly going up and down what is it ultimately telling us when these yields go up was it ultimately telling us to remember I talked about last week looking at history is the crystal ball to the future how many people can tell me how many times in history since the beginning of time has a fiat currency has been successful how many times you’re the right guy. Zero man. You’re right though. It’s never been successful. Ever.

7:34

Not one what not one case scenario can we show a positive fiat currency.

7:39

It always ends up diluted and destroyed. Right. Bitcoin just hit a 52-week high. By the way,

7:53

And another thing is you talk about Robert Kiyosaki right?

7:58

You know for a long time he was pushing silver and gold. And looking at gold now, right?

8:05

Looking at gold right now where it’s at $3,500 an ounce, it feels like a pretty good place to park some money.

8:13

And I’m not saying everybody shouldn’t have a bag, right?

8:17

Everybody shouldn’t hold on to some.

8:21

But here’s why I think even gold and silver are a bit of a scam. How many people knew this?

8:33

In 2022, the last few years since COVID, this almost doubled the market cap, by the way.

8:45

$12.8 trillion worth of gold was discovered in Uganda.

8:50

Now, talking simple economics 101, what happens when you dilute something like this?

9:01

How can you bank your nest egg or your life savings on something that can get diluted like this?

9:17

Does anybody know of something similar to gold that will never get diluted? That’s right. Bitcoin.

9:31

So if you ask and wonder why I’m so pro Bitcoin, it’s for that reason.

9:37

I took this screenshot about an hour or 45 minutes ago.

9:41

By the way, Bitcoin just hit its all-time high of hundred nine thousand four hundred ninety dollars here’s an RPS member calling I’m on a webinar it’s 11 o’clock on Wednesday can I call you back yep thank you um right It just hit 109 490 it’s not a bad place to be holding some money right they’ll never go discover 21 million more Bitcoin and we’ve seen gold go up to 2,200 back down to 1,700.

10:27

Right?

10:30

Yeah.

10:31

I don’t know.

10:32

You could have your own opinion about it.

10:36

All these top cryptocurrencies remember that the coin market cap told you about that last week.

10:41

Write that down.

10:42

You want to look just since last week 103.

10:44

It’s already up to 109.

10:46

6% now.

10:51

I say all this because I want to ask everybody about their strategy and I’ll transparently share my strategy.

10:57

And I think it would probably fit most of you in your age groups, right?

11:04

If there’s anybody that’s younger than 35 on the call, you might do a slightly different strategy than what I’m talking about.

11:13

Similar, but you might wanna change a little bit.

11:16

If you’re a lot older, if you’re 70 plus, I still believe in this strategy.

11:23

I still believe in what I’m doing, right?

11:35

I still believe in my strategy.

11:36

Now let me explain what my strategy is.

11:39

I trade, right?

11:42

I trade, and just to be, all right, I trade, let’s say I put a unit, okay?

11:49

I put a unit into my trading account.

11:51

I then trade my trading account until it gets long, meaning, so I play the least amount of capital gains.

12:00

If I hold it for over a year and or I get the four units when I get the four units I then transfer my money into the spy talk. I told you all about that last week. Why?

12:14

Well, because just to be transparent there’s been several times in the past 15 years that I traded up to a half million dollars and Prickin lost it because I could never time the cycles, right?

12:27

I was just never right. So, just to be a little bit more conservative, I’m 51 years old. When I hit a certain number and I’m long in it, I pay the least amount of capital gains, I then transfer it into my Fidelity account and put it in the SPI.

12:46

Now I’ve done that, I’m going on my fourth time now.

12:51

And the reason why I do that is because I truly believe, and those of you that are 70 plus should be putting money in the spy anyway, right?

13:01

You might have small temporary dips, you know if COVID hits or something wild like that hits.

13:09

I mean, it even dipped a little bit with the tariff talks, right?

13:16

But you’re not gonna lose all your money and it’s gonna be so minimal that it really doesn’t matter.

13:21

Well, depending on how much you have in there, it’ll swing, but percentage-wise, it won’t be that bad.

13:27

Again, like I told you, 39 out of the last 40 years, it’s gone up 8% to 28% a year.

13:33

It’s a very safe place to have money.

13:36

It’s a no-brainer, right?

13:40

So I trade my one unit until I get to four plus units long, and then I transfer it into the SPY.

13:47

With my one unit, I’m pretty aggressive, right?

13:51

I trade tech stocks.

13:53

I trade anything tied to Bitcoin.

13:55

I trade cryptos. I do all that, right?

14:01

One rule that I do keep, and I live or die by it, and it’s painful because sometimes I’m right and sometimes I’m wrong.

14:10

Anytime I deal with options, and I don’t want to get too much into talking options because they’re dangerous, but anytime I’m in options, always buy in twos.

14:18

Because if I get up 100% in one, I sell half of my position, So I have no cost factor, no cost factor in it, all right?

14:30

I call them runners.

14:31

I sit there and try and act like a pair of rabbits, creating as many runners as I possibly can.

14:36

Does that make sense, Roger, that everybody keeps up with me?

14:42

All right, good.

14:45

All right.

14:46

Now, the reason why I put those in the bag, right, is my ultimate goal, my ultimate strategy is to create what I call the Costa Rica bag.

14:58

I’m going to go ahead and transparently tell you, that some of you could probably eat me alive and spit me out, and some of you can’t even imagine this, but to me, I think as an adult in today’s age, you need $5 million to sit in Costa Rica.

15:17

That’s when you can put it into very simple conservative strategies, make a couple hundred thousand a year off the interest and I mean the thing about it if you just did the spy alone that’s three hundred twenty thousand dollars a year interest and you don’t touch your capital right I think all of us could sit on this beach and and and make it on that kind of income okay so my goal and I’m on the path for my goal hopefully in the next five years maybe the next 10 years why when I hit 5 million Syd Michael’s going to Costa Rica okay I got another notification let’s see if it’s Bitcoin no it’s Bitcoin-related stocks imagine that all right let’s keep going because I got some exciting stuff here right this past week there’s a stock called QBTS I want to tell you a little bit about it they’re out of California they’re a quantum physics company. They’re competing directly with AI, right?

16:26

They released their new Advantage 2 platform. It’s pulling back a little bit today, but it rocketed, right?

16:35

It was, I got into it a couple of months ago.

16:39

Dude, I got into it a year ago and got shaken out during the tariff talks.

16:45

I got shaken out, sold it, and then grabbed another position about three weeks ago. I think my cost average is around $10.

16:55

So it’s moving quickly.

16:57

Do I think it’s a long-term play?

17:01

100%, 100%, but we saw some nice action with it this past week, okay?

17:12

Remember the ETFs I was telling you about last week?

17:19

Coinbase, Coinbase made it to the S &P, right?

17:24

We’re going into a bull run with Bitcoin.

17:28

Any sort of crypto-related stocks are going to be hot, but that’s I know we’re close to our break time for a second to stop me whenever it comes up, right?

17:39

Let’s look at it.

17:41

Another dividend coming May 29th, right?

17:45

You can see I’m committed there.

17:47

I even added it a bit.

17:51

I got 5000 shares.

17:55

Now, overall, I just want to point this out, you know, I buy the dips on it, but overall, you can see I’m down $4,000.

18:03

But you can also see that the dividends pay 61 to 68 cents, right?

18:09

It’s a chance to pick up 3000 a month, which more than covers my 4000.

18:18

I’m down right now.

18:19

Right.

18:19

And if you look here, the distribution rate’s over 107% dividend a year.

18:25

Oh, hang on, 96% on that one, Coinbase, right?

18:34

How about Tesla?

18:36

I talked about this.

18:37

I’ve been buying this like crazy in the last three months.

18:41

And I’m gonna go even further into why I think Tesla’s a play, but we’re gonna keep going.

18:48

Right, 107% distribution rate.

18:50

These are killer dividends.

18:54

Call your Edward Jones guy and ask him about it.

18:57

See what he says.

18:58

He won’t even know it.

19:03

Why do they get paid based on how much money they manage?

19:07

Not on your trades, not on your growth.

19:10

They’re not going to take any chance of losing any of that money they’re managing.

19:15

They’ll lose, they’ll lose clout in the club.

19:18

He won’t, he won’t advise you to invest in this.

19:21

Right.

19:23

Me, I’m making dividends off of it.

19:25

Look at the dividends every month 76 cents 65 cents 46 cents when it really got hit 57 71 dollar 28 Right, it’s easy revenue every single month passive By the dips.

19:45

I also want to mention also with today Them raising the Treasury bills and everything red. What does that make today a good day to do?

19:57

What is today or this morning?

19:59

What was this morning a good thing to do?

20:03

You **** right, buy.

20:05

Buy red, sell green.

20:06

Don’t forget that.

20:13

Micro strategies, right?

20:15

Y ‘all know I’m a big fan of micro strategies.

20:19

129% distribution rate last year, last 12 months, right?

20:27

Look at these dividends.

20:28

Just paid in eighth, $2.37.

20:33

Look, back in December and November, it’s paying four dollar dividends right I’m buying the dips you can see there my total return or my total down not down that bad realize that I’m getting four or five six seven eight thousand dollars eight thousand dollars in dividends hang on one second all right dividends these are conservative plays look there’s dividend amounts every single month every every 28 days. How many of you knew there were even ETFs that were paying 126 percent dividends?

21:46

Most people sit around and watch paint dry with their GM or their general electric stocks, their blue chips, getting a quarter a share on a $500 stock. It’s bullshit. Sorry if I get emotional.

22:02

It’s a $22 share. $22 or $23 share. What is it at right now? $24. Right? No brainer.

22:17

How many of you on the call could use a bag of this?

22:36

All right, a bunch of you.

22:41

Now, let’s talk about something real quick.

22:45

What did Donald Trump talk about this week?

22:48

What did he say this week until his fourth or third phase of tax reductions?

22:55

Did you hear about this?

23:01

He talked about American cars, making it a tax write-off, not only no tips, no social security, but he also talked about American cars, you being able to write off your interest, just like you do your home, on the financing of American cars.

23:22

Why?

23:22

Because they know people finance, people loan, people don’t have cash.

23:26

The money’s in loaded money.

23:29

That’s the difference between today and 2008.

23:32

They learned from 2008, don’t take away the credit.

23:34

you’ll destroy, you’ll hit bottom quicker, right?

23:37

They’ll loan the **** out of money to people, especially at the rates they’re loaning right now, the sucker rates, right?

23:44

But if you do purchase a car right now, right?

23:48

They’re talking about wiping out interest.

23:52

You’re gonna be able to write off your taxes, and the interest on car loans.

23:56

And he said American car manufacturers only.

23:58

So what does that make me wanna start looking at?

24:01

I wanna start looking at Ford.

24:04

and Ford’s at a good price right now.

24:07

Ford’s a good buy now.

24:10

We’re on a red day, but I want to go a little bit further.

24:17

Who’s Trump’s best buddy?

24:20

And also an American car company.

24:23

You don’t think people scratch each other’s backs?

24:26

This is a scratch on your back, Tesla.

24:31

That’s your boy right there.

24:33

This is, thanks for helping me.

24:36

Thank you for helping me get elected.

24:38

told you if you just stick through a few car bombings we’ll take care of you, right? It’s taking care of Tesla. Tesla is a US-based company.

24:50

What’s different about Tesla than Ford GM or Dodge? Does anybody know?

24:58

What is it, you know, everybody wonders how Tesla rebounds like this?

25:01

How does Tesla grow like this? Why is this guy the world’s richest man?

25:06

Do you know what the differences are between Tesla and other automakers? Pensions.

25:16

They don’t pay pensions.

25:21

30-33% of the car. When you buy a car you pay 30 grand for a car 10 grand of it goes towards paying the pension.

25:27

They could sell that car for 20 grand if they didn’t have pensions.

25:30

Why do you think Elon can wake up one morning and say you know what ***** I’m cutting Tesla’s price by 6% today.

25:40

And the stock explodes.

25:44

Right, it’s a pension.

25:45

Tesla is something that’s never been done before.

25:49

Why do you think General Motors originally did Tesla?

25:53

I mean, excuse me.

25:56

Oh man, what was Saturn?

25:58

Why did they originally do Saturn?

26:01

Get around pensions.

26:05

The distribution company.

26:06

It was made with parts from every other manufacturer.

26:09

If you notice, all their cars were made from other car parts, right?

26:14

That’s a big boy game right there.

26:22

All right, let’s talk a little bit more about, you know, we talked, you know, I take some chances.

26:27

I do take a little bit of a gamble in certain meme coins, even though I highly recommend being very, very, very, very, very careful in memes, but I know the way that the cycle’s gonna work Bitcoin is going to run up once it loses dominance.

26:46

It’s going to start going to the altcoins and when it falls from the altcoins it’s going to go to meme coins and meme coins are a chance to make a hundred X 20 to a hundred X altcoins.

26:55

You’re going to probably make between 10 and 20 X Bitcoin you might make five or ten X Right phones going off today.

27:11

A lot of you called me and asked me to download this app. I’m assuming that you got in there to go with the purple Pepe, the meme coin that I told you I committed to. About six months ago, one Wall Street bet kind of took it under their wing.

27:26

The reason I’m willing to take a chance on this is because they have the community that they have behind it.

27:32

There’s a massive community behind it.

27:34

But here’s the great.

27:36

Here’s the best part.

27:38

It’s in its infancy.

27:41

It’s just getting started.

27:44

now’s the chance when you hear people talking about how they could have bought Bitcoin for 30 bucks or thousand dollars or five hundred dollars or three hundred dollars or whatever **** price they could have bought it at that’s where we’re at with purple Pepe right 32 million dollar market cap it’s nothing you can see I committed I’m in the top 40 holders 1.1 billion purple I hold right remember I told you there are some corny kids and all this **** look total supply that’s because some got burned what do you think that originally the 68 was so corny right 48 297 holders up 3000 in the last two weeks by the way it’s the number I like to watch right so real quick let me ask everybody how many people are putting money in stock investments, just out of curiosity, hold on.

29:14

Vanessa, let me know if we need to take that break.

29:29

Okay, good.

29:31

All right, anybody else?

29:37

How many people have bought stock in the past?

29:42

Good play, Brian.

29:50

I understand, Brian.

29:52

There are a couple of Brian’s on the call.

29:58

Okay, all right, so we’re not having that break.

30:02

You have in the past, okay.

30:05

I kind of, in 2002, messed with it a little bit.

30:14

2011, 12, I messed it up a bit.

30:17

2016, I messed it up a bit.

30:25

Wait a second, I messed with it a little bit.

30:45

2020, right before COVID is when I got pretty serious about it.

30:54

That’s my experience, right?

31:07

All right, well, I thought we were gonna, I thought we were gonna have a little break.

31:13

So, do you know anything about EFI or liquidity pools?

31:22

Nah, I don’t keep up with all that.

31:25

That’s mining-type stuff.

31:27

And I almost got into mining once. I hate telling these stories, these big fish stories.

31:31

Almost got into mining in 2012, and it would raise our power bill in the House.

31:38

I had two roommates back then.

31:40

It was gonna raise our power bill by 50 bucks a month.

31:42

And my one roommate’s like, I ain’t paying it.

31:46

I’m like, well, if we ain’t all in, we all out.

31:50

And we didn’t do it.

31:54

Regret that a little bit.

31:55

But who knows?

31:59

Yeah, who knows?

32:02

With everything that’s scary, that’s gone on in cryptos after the FTX crash and everything that was going on and the disinformation and Gary Gensler and the SEC and everybody going after XRP and all that stuff.

32:12

I mean, it would have been really hard to have any Bitcoin in 2015 and 17 and still be sitting on it today.

32:19

I’ll say that. All right. How many of you real quick, how many of you have invested in crypto are currently own crypto?

32:41

All right. Some of you. Okay. How many of you feel like you’re so far behind the eight ball, right?

32:49

that it’s too late to start okay all right thanks for being honest some of you are scared I get it you don’t understand it then it makes it very hard I get it reminds me when my CDs got stolen one time it took me two years start buying CDs again my whole book of CDs got stolen I was like man I don’t want to start collecting again I thought I was all turned off about it you were 100% right Brian Brian said Brian Wade said in a people wish they were in now you’re exactly right this this is if you want it if you want to test it for a year this is the next year is the greatest time to test you will see quick results because we’re in a bull run you get in the middle of a crypto winner you want you want to jump off of a of a bridge in 2022 just to give you some real information 2022 I jumped in into a publicly traded company called Voyager.

34:10

They made it very easy to stake, and I put almost 260 grand in there.

34:15

They BK’d, lost it all. Very scary.

34:22

It’s so much more regulated and adopted and accepted now.

34:26

It’s nowhere near the risks it was even three years ago.

34:36

Well, I thought we were going to have this break.

34:38

We’re going to go live on the camera and do something special.

34:41

but we’re missing it.

34:44

So, unfortunately, I’m a few minutes short.

34:47

Does anybody have any questions I can answer real quick?

34:49

And I’ll tell you what we’re gonna talk about next week.

34:52

We’re gonna do something completely different next week.

34:57

Is there a better way to store than a software wallet, Trezor?

35:02

Good, great question, Donald.

35:06

Just starting, there’s no reason to have a cold storage wallet.

35:11

I do have one, but there’s no reason to have one just starting. I know some people say no crypto, no coin, all that bull ****.

35:20

Just starting, I think it’s easiest just to buy it somewhere like Robinhood.

35:26

That way, you don’t have a risk of losing your keys and losing your wallet.

35:31

Something as simple as Robinhood, ‘ll give you access to the major cryptos that you should be messing with.

35:41

And saying that, you know, I’m big into purple, but there are a few memes I’ve bought the second they listed Robin Hood.

35:48

I’m pretty good at them only because I knew once they got the Robin Hood audience, you know, you’re pretty much guaranteed a decent return.

36:00

Yeah, but Robin Hood. Yep. Instead of Coinbase, Coinbase, I’ve not had very good success personally.

36:10

I’ve had some real problems with them, but I’ve been with you know, I was with Coinbase in 2015.

36:17

I got hacked in 2017 There wasn’t any real support back up there. All right.

36:30

All right, cool Well, I felt like I needed to share this with you because there’s been a lot of movements in the past week and I know a ton of you called me for links to get involved.

36:39

So I wanted to talk about it also. Today is a great day to buy.

36:44

Let’s look at Bitcoin real quick Here’s what I was going to say, why do you think Bitcoin’s running right now?

36:51

Why do you think it just hit a new high?

36:53

A few reasons, a few reasons.

36:57

Why do you think it is?

36:59

I’m going to talk about that, Donald, that’s all.

37:05

Why do you think Bitcoin’s running today?

37:11

It’s a no-brainer.

37:12

People are losing faith in currency, treasury bills, and anything that pushes Bitcoin.

37:24

Don’t let it scare you.

37:25

It’s the safest place.

37:26

It’s the greatest inflation hedge.

37:28

Put your money.

37:29

Bitcoin’s at 1.084 right now.

37:38

Despite the market being crazy, I’m still up 1% today.

37:43

But I’m heavy into Bitcoin plays.

37:45

I was up 2.83% at one point about 20 minutes ago.

37:50

I’ll take it.

37:52

I’ll take it.

37:56

A thousand percent agree with you, Donald.

37:59

All right, so talking next week, and I wanted to talk about it this week, but I kinda got my timing screwed up a little bit.

38:06

How many of you were in a social vending machine with us?

38:13

If you weren’t, let me tell you a bit about it.

38:16

I created some groups.

38:20

I created some groups and I’m gonna share with y ‘all kind of a quick rundown of it because it’s such a great passive income.

38:26

I still get, for this very group right here, I still get $2,500 a month and have been for almost four years now, four and a half.

38:35

right? It grows on its own. I don’t do anything. I police it.

38:40

You know, I don’t let real **** get in there. I police it. But it grows naturally.

38:46

We sold a course on how to do this, I’m thinking 2021. Right? And we had a huge success with it.

38:57

ERTC came out, it took our attention away from it. We eventually just kind of quit talking about it, to be honest. Right?

39:04

But it’s such a simple easy it’s social vending machine that pays you every month right and it grows on its own so I wanted to talk a little bit about how to set up these assets and certain ways to ask certain questions where it actually will differentiate the leads right when you join a group like this you can ask them up to three questions and just to give you a quick rundown I ask them, are you here to buy or sell a Jeep?

39:36

They say yes or no.

39:39

I asked them, if would they like to take advantage of our free Jeep Finder service.

39:45

Give us your email or phone number.

39:47

We have a large number of them that do.

39:50

What that does is, when they’re there to sell a Jeep, if they’re not there to buy, they’re there to sell, it still creates a very valuable lead.

39:58

It creates a lead that my dealership can buy their car.

40:03

When you’re buying a vehicle off the street, you don’t have to pay auction fees.

40:07

You have a captive audience.

40:10

Which way does the price go when you’re negotiating the price to buy it?

40:13

Down.

40:15

When you’re in an auction, and you have 200 people bidding on it, including people online that you can’t even see, which way is the price going?

40:23

Up.

40:25

It’s a much more valuable way for dealerships, especially small independent dealerships to buy their inventory.

40:33

They avoid the travel, they avoid the auction fees, they avoid the 200 people bidding the price up, hoping that they can get it where it brings out a book, right?

40:43

They can then buy back books and get properly positioned.

40:46

So a seller’s lead is more valuable than really a buyer’s lead.

40:52

Buyer’s leads are a dime a dozen, they’re worth about $15 to $20 apiece.

40:56

A seller’s lead is worth $40 to $50.

40:59

Well, I create both with this group passively every single month, every single day.

41:07

I started this group.

41:10

I built it for a thousand members and sold it to them for twenty-five hundred.

41:14

I haven’t moved the price ever or probably should.

41:18

It’s grown on its own over the last five, and six years to sixty-nine thousand members.

41:28

Every day I have people join in this group telling me if they’re there to buy or sell, and if they want to take advantage of our free Jeep Finder service, I get their information.

41:41

Anyway, we’re going to talk more about that next week.

41:43

I want each and every one of you, if not making revenue off of this, I at least want you to build some assets and start letting them grow also because it’s a way to start.

41:55

Remember, I told you we’re going to keep and grow.

41:58

It’s a way to get and I want every one of you to be aware of it.

42:02

I’m going to give you a quick rundown about it.

42:04

We’ll go over it next week, Wednesday at 11 o ‘clock.

42:07

Thank you, everybody, for your time.

42:09

Sorry, we’re a minute, a few minutes early.

42:11

I like to try and go 60 minutes, but we had a disruption.

42:17

Anyway, by the way, Brian’s birthday is tomorrow.

42:20

Make sure you wish him a happy birthday.

42:22

See everyone. Thank you.