Tough Choices: Why It's So Hard To Make Tough Decisions? Ep 75 55:03

From the art of the deal to keeping it real. Live from the Simply Vegas studios, it's The Power Move with Jon Gafford. Back again, back again, back again for another fun-filled, fact-filled. Yeah, fact-filled. Exciting episode of The Power Move. This is the podcast where, you know what?

We do a lot of things. But most importantly, we try to make you better. You drink shit? Because what are you drinking? Yeah, dude, no. That looks horrible. No, it's like a green drink, man. It's good for you. That does look like a nice green. Is that athletic greens? No, it's some new greens I got. I don't know if it says watermelon flavor. You think that looks like an ice cream? No, athletic greens. Guys, you're screwing up the...

beginning of the show for everybody. My name is John Gafford. I'm your host to the left of me, which you probably guessed is the one, the only the Bulgarian Monk is called Amadam Colt. I would like a little brighter green in my drink, a little brighter green. You have to be soil screen and across the way joining us as always for his insight is the counselor. Chris Connell counselor. How are you living the dream? AKA chat GPT.

Chat, chat, GBT, Jesus. The real walking is that we're going for you. Chat, GBT, Jesus. What? Yeah.

Do you know what we're talking about? Not at all. Oh, the thing that... ChatGBT is what he's talking about. Oh, the AI. You're the new AI. I went down the rabbit hole on the old AI this weekend. With the Marines that were fooling it by dressing up as cardboard boxes and doing somersaults? No, no, no, no. Did you not see that? I didn't see this. AI can't detect humans that literally just wear cardboard boxes and giggled?

Honestly, look at that. This isn't like an Onion article. Or if you did somersaults, because it was programmed to try to find soldiers and ferret out, I think, humans, human forms. But it didn't have a thing that said humans do cartwheels. So somebody just cartwheeled across the whole way, and the AI didn't detect them at all as a security threat.

like they didn't get picked out see i'm using it for pure entertainment right now i'm using it to help with a lot of my content creation obviously but i'm also primarily using it for my own stuff like what you saw was i was like draw you know i went on the uh the one that you can it'll do ai images and i was like give me uh the hulk riding with two strippers on a mardi gras float uh in new orleans down saint charles avenue photo realistic and that's what it spit out it's pretty amazing and i also did one i'll show you it was uh because i

Cause I just, you run out of things to think of and just think of anything that's coming up. And obviously this was pretty cool. I thought, cause I was like, Oh, I know. I'm like, right. I'm like, uh, design me one where a better than Ezra is in a guitar battle against the devil. And there's lots of lava. And this is what it spit out. And how dope are these?

That's pretty cool. I mean, that could be, I mean, that's a solid album cover. Tenacious D wants some credit for that. Exactly. But I mean, it's bananas if you haven't played with it, do that. But I tell you what, everywhere you look and what we're going to talk about today, boys, is everywhere it seems like we are surrounded by tough decisions. And you got to make hard decisions every day. I mean, I had to make, me and my wife have anguished for the last three days of our decision. We had to make, and we'll get to that in a minute.

But before we talk too much about that, there's a decision right now in the space of which we work that I think people are struggling with.

And everything, as a trained real estate professional, as I like to think that I am, Colt, would you agree with that? - Yeah. - Okay, cool. I look at things like-- - That you are? - Yeah, that I am. - I think you are. - I look at things like trends, math, the numbers, the stats, absorption rates. These are the things I look at to come up with the, when I pontificate a position, it is based in reality. If you guys will recall-- - In the macro. - In the macro. If you will recall,

over a year ago, maybe a year and a half ago, I came on here because I got sick of all the prognosticators saying that, or the dime store prognosticators, we'll call them, saying that the market was going to crash. So I said, I'll bet $10,000 to anybody that says the market will crash. Now, effectively, we also said, what constitutes a market crash? What is the percentage giveback? Because the market's going to fluctuate. It's going to go up. It's going to go down. Every market is cyclical. And I said, okay.

What does a crash entail? And the overwhelming amount of people said more than 25% would be a crash.

The values have dropped more than 25%. - That's pretty big. - It's a big drop. - 15 to 18. - That would have been like a 12. - Right, but hang on. No, that's an adjustment. I think it's 12. A crash is where it fundamentally changes a market, like what happened here. - Yeah, people do overuse that term. - Yes. - Oh yeah. - Because it's a fun, buzzy word that people like to use. So I said, all right, let's put $10,000 up. Not one taker at all. All of the geniuses that were telling people, oh, it's gonna crash, not one of them took my bet.

You're so sure I'm giving you the easiest 10 grand in the world. I think you called Opendoor too, by the way. I did. Not one of them was willing to take the bet. And here we are into the recession that slowed things down. And it was all manufactured slowdown by the Fed who wanted to cool off housing, who deliberately raised the red to rate to cool off housing and attempt to slow down inflation, which they have.

All of the gains that were gained in 2022 were given back. All of those gains were returned. And all of those gains were gotten because the US government decided to print trillions of dollars to hand out. So that was artificial inflation anyway. That wasn't real. - It was real inflation. - Right, but I'm saying, but we pumped them up and we pulled the-- - Yeah, when you put here-- - This was a wash. - That's what people think about stock splits too. If you snap a pencil in half, you don't have double the amount of pencils. - Right. - Okay? - Unless you sharpen them both.

No, but you don't have twice as much pencil. You have two pencils, but yeah, it's still the same pencil. Right. Okay, just because you double it, just because you print all this money doesn't mean that it's going to be reflected not in something like the cost of some. We printed 10% more money and eggs are 12% more expensive now. Right. It didn't do anything outside of the ordinary. But back to housing. Yeah. So you talk about housing and you look at all of these people who were a year and a half ago dying to buy a house.

and they were looking at 30 houses. They were writing 25 offers. You were writing 10, 15, 20,000 over list, waiving appraisal, waiving inspections, asking for no closing costs. I mean, going balls to the wall and couldn't get a house. Well, what this effectively did was all of the big hedge funds pumped the brakes on their buying. All of the big Wall Street firms and the big Wall Street money

that are trying to commoditize the American dream, which is take single family homes. - Rent them. - And turn you from the American homeowner to the American renter. That is the goal. 'Cause what people don't understand is when these big funds buy a house,

you might as well burn it down because it is never coming back into the supply chain. It will never come back into the supply. If it gets traded, it'll be traded in a large tape of properties from one fund to another, from one REIT to another, but it will strictly be an investment property for the rest of its existence. So everything kind of cools off. Everybody slows down. Well, this has opened a window for those buyers that were locked out, completely locked out of the market 12 months ago.

And that window is right now where interest rates have adjusted down. They've slid down and trended down over the last several weeks. Inventory is a place where sellers are nervous. So now you can get, you don't have to waive appraisal. You don't have to waive inspection. You can ask for closing costs. You can ask for money to buy your rate down. Be aggressive with offers and you can get a house. And they still have equity. And that window is open. But here's the problem. And here's the challenge where it becomes a tough decision. And it's this.

Good news doesn't generate clicks in the news cycle. Good news doesn't get anywhere selling ads for MSNBC or for anybody. You hear that, Dad? Yeah. They don't have your best interest in mind. They don't have it. So the problem is, as the news reports on a macro level instead of a micro level, because real estate markets are micro. Yeah.

It says, oh, the real estate market's bad. And these people that have this opportunity right now to buy are holding off because of the headlines that they're seeing. When the reality is this, and this is my question. So here is my question. My question is to you, to you, Mr. and Mrs. American future homeowner, is this. Do you think that when the news starts to report that it's a good idea to buy a house, it will be too late?

Because the answer to that question is absolutely yes. Well, it's like a whip, right? By the time it's coming back to you, it's already rollercoaster. Yeah, it's too late. So, you know, you look at what's happened. JPMorgan Chase is investing a billion dollars into buying single-family assets. They've now said, we want to get in that same business because Goldman's in it, because Blackstone's in it, BlackRock's in it. We want to be in that same business. So they're going to put a billion dollars in the market in Q1 and Q2.

These hedge funds, everybody I know that works at them, they are gearing up their departments to start acquisitions like crazy. And when they start again, because of the continued limited inventory, same thing's going to happen again. If you want to buy a house, you're going to be like, man, I should have bought one in February. I should have bought one then. You know, I still live with the regrets of not being independently as wealthy as I would have liked to have been in 2020. Oh, God. Yeah. You know, but... Everybody...

Everybody remembers that because it was such a crazy thing. But that was a perfect storm. It was. There was fraud. There was just greed. Absolutely everything a perfect storm to go to 2010, right? And what people don't realize is when 8, 9, 10, 11, 12, 13, builders weren't building. Right. Yeah.

People were still getting, you know, the population was still growing. Things were still going, but they were not building. So, yeah, there's been a ton of building, but there was a good, I would say, six, seven years that they were not building what they should have been, which the inventory is done, right? Like, I don't follow houses. My father-in-law continued to build. He's a builder in town.

And he continued to build but to own them as rentals for that very reason. Because it was at that time that when the world fell apart for everyone else, he looked at it as an opportunity to get build costs at a more attractive rate. Sure. So he built multiple homes, built neighborhoods, communities, that he just owned as rentals. Well, you could... I mean, they always say...

Never go with the flow. You should, if everybody's buying, then you should be selling. When everybody's selling, you should be buying. Be greedy when others are fearful and fearful is when others are greedy. Yeah. I live by that. You do. And I think everybody in this room understood that was coming. So when everybody was going nuts over everything, I was personally gearing up for going, you know what? I told my wife, let's sell our house and let's rent. Mm-hmm.

And I said this is going to come back to Hana because we're at a point where we would get a maximum tax appreciation advantage from the two spouses. We would both max out our equity, very little capital gains to pay.

right from where we got it, our tax basis, because you get half a million dollars. - It's 80, yeah. - You get half a million dollars. - 100 prime irises, half a million on prime irises. - Half a million dollars between both of us. So we would have got that, cap gains free, just that alone. Sell it, move into a rental, and I'm like, and when the world falls apart, or if things smoke down and crash down and the world falls apart, whatever, pick up whatever we want kind of, you know. - Well, you know, I've already told my team, the goal is for me, I'm gonna buy 100 doors.

this year. That's the goal. I'm going to buy a hundred homes this year. You know, there's, there's no reason why am I standing on the sidelines watching the hedge funds play that game when I could play the same game and I can actually play it better and faster because I'm more in the market than they are. So yeah, that's the goal, but look, I'm buying a hundred of them. So if you're thinking about buying one right now is a good or a bad idea for you, there's your answer for me. I'm the guy buying a hundred right now.

or doing everything in my power to get 100 of them that's just how it works that's

which has been definitely on my to-do list it is it is but again there's certain sectors i won't touch right we pick we we pick the houses because you were you're worried about commercial yeah there's i mean like i tell people warehouse same thing where lack of inventory the the third party logistics the the way the economy's transformed in the last 12 years from retail to 3pls all this you're not that will not crash

These guys that have large office spaces, I wouldn't be touching nothing. These guys that have just recently in the last four years put in rent for retail, these guys are paying $450 a square foot for something that doesn't cash out. They'd have to really rent it for $320 at best.

three dollars at best like those things I won't touch you know or why go buy a Starbucks for 3.8 Capra right now when you can go buy the ground yeah well you know it's interesting I was talking to another person about some of those retail leases though up in the north and um we were looking for a client of ours to try to find some retail spaces and it's very slim pickings because nobody was building any either yeah

So you have an inventory issue with a lot of that stuff too. - Yeah, I gotta tell you, I went to my mastermind group last weekend, not this week, not the one we just went through, but the weekend before, and every single big investor that was there that I know, they're all building the same two things.

It's all storage and all mobile home parks. Cause those are the two best performing asset classes in commercial right now. They have been for a hundred years, but here's, but here's the problem. There was like, I feel, I feel like there was a handful of people that knew that they were building them. And now everybody knows that, which is why if you drive up and down like horizon Ridge, when they're building the most expensive homes on this side,

of Vegas up on this hill, and instead of building great entertainment complexes or places for these people to dine or go to dinner, you get them another mini storage. And they'll just jam them into every little slot you can get, which is so stupid. And whoever in this city...

Whoever in Henderson is approving all of this is an idiot. You had a chance for Horizon Ridge right here in front of all of this to be Rodeo Drive. And instead you turn it into light industrial is essentially what you've done. There is zero land left now. It's so stupid. I know. Which shocks me because Henderson's been one of the greatest...

cities as far as planning and stuff. This was a super fed on this. I mean, honestly, like where do you go? There's nowhere to go. They're sticking something up. Well, that's the problem for whatever reason that the local folks and for those of you listening to us in other parts of the city, uh, we look, we're, we're broadcasting right now where I live, which is Henderson, which is a city in the South and

East corner of the Las Vegas Valley you would really not realize you left Las Vegas and went to the other I'm over 15 minutes from the airport here You don't know but it's just a different city and the biggest challenge we've always had in this city if you look me live somewhere like this is For some reason the elected officials of this particular city got this have this absolute boner for downtown

of this city right the problem with it is is all that downtown area is surrounded with ultra low rent real estate the reason is is because they made that opportunity zone yeah and it's huge huge huge billion dollar privately ran billion dollar uh

- Opportunity zone, company way. - Nobody's gonna wanna go out and hang out with your family or on a date when there is a 78% chance that a meth addict is gonna roll up on you. - Unless Blackacre was playing the gold mine time. - Yes, unless Connell's cover band is playing there. - I like the lake, or I like Wall Street. The problem is, is are you going to drive 15 minutes to go there or 15 minutes to go to the world famous strip? - Here's the question. What is the center of Henderson to you? What is it?

- Green Valley. - Green Valley. - Yeah. - Green Valley Ranch is the center of Henderson, whether they want to admit it or not. And why they don't lean into that, I don't understand. - That is interesting because you have Lifetime Fitness there. - Everything is there. And they've got all that. Now they're sticking something up new. I don't know what's, there's something new going. - I think a lot of people don't see Green Valley as Henderson though. 'Cause until you kind of get off the 215. - But I think if you live here, that's the center of the universe for us. I think that the district, like it or not,

with their terrible shopping is the center of the universe. Got some great restaurants in there now, which is good. You Henderson folk are a different breed, though. You guys have to... So fancy. You guys' toilet circles the other way. The toilets, the water goes down, the Coriolis effect. Well, you know what? Look, I normally don't depend on the local government or any state government for anything, but...

I gotta tell you, what brought me up to this is, man, if I'm looking a little tired, it's 'cause me and my wife haven't got all asleep lately, and for all the wrong reasons, not for the reason you might think, Colt, you dirty fuck. - I was gonna say. - No, no, no, no. - Netflix, Netflix and chill. - Not a hail, not one of those, no, no. - New season of George and Jenny. - No, no, no, so my son went to probably, I don't know, one of the best, one of the most well-known

private catholic high schools in the country well known because if you if you if you follow high school sports their their high school football team virtually is one or two in the entire country it's gonna make a statement about how colt can't go watch the volleyball no yeah colt can't get within 500 feet of the of the male volleyball team it's a long story for another podcast but uh but yeah anyway so we started him at this school and um

You know he just never kind of found his he never kind of found his groove you know what I mean he didn't find his tribe and was just kind of never really never really got centered there you know and was just we noticed you know we got a four to one GPA out of him for first semester and he did honors and everything it was doing great and over the break man it was just he just never went anywhere you know the couple friends that he did he just didn't do anything and I'm thinking man by the time I was in ninth grade

Not by comparison, but I was keeping it real. I mean, I was out. I was running around doing things. I was never at home by the time I was in ninth grade. I was gone somewhere all the time. And he just at home, hanging out, playing video games. You know what, though, John? I don't think that's your kid. I think that's all kids. No, it's not. And I'll tell you how I know that. Because...

His only outlet for social people really was like he would play video games with his friends that he'd come up with in younger school that were all at this other high school. And then that's what they would do on the weekends. They all get on FaceTime, play video games. And then that started to get fewer and farther between because they were going to football games, going to homecoming, going to basketball games, going to this. This kid's having people over that he doesn't know. And because he didn't go to that school, he wasn't getting included.

So he was kind of getting left behind by his main friend group from the other place, and he wasn't really replacing them with the new one. So long story boring, he was, you know, I mean, depressed is a big word, but I mean, I don't know. Can we just all agree that ninth grade sucked for a lot of us?

i love ninth grade it sounded like you guys enjoyed you're still in junior high i had a good time we weren't in yeah i was in high school yeah i was in junior high i was running i was running the school that's why you love ninth grade i was running it we didn't have that i didn't have junior high it was elementary in that high school yeah no no we did yeah i was in ninth grade but still junior high so i was running it back then

But anyway, so me and my wife had a conversation and made a very difficult decision that he was there to let him move from the private high school to the public school where his friends were. And that transition was today. And we did not know how things were going to go.

My wife went to register him and I was getting the play by play from some of the things that happened or, and she saw at said public high school. And it's, it is one of the better public high schools here in town. And, but I was getting the play by play and she was, she was, by the time she left, she was freaking out. Like,

Have we made a terrible mistake? What are we going to do? What's that? Freaking out in a good or bad way? No, in a bad way. Like, what have we done? Do we just throw our child to the wolves? What's going to happen? It's all normal. What's going to happen? And luckily, everything going well. I mean, he had his first practice last night with the new lacrosse team, but a lot of the kids on that team were on his travel team from before.

So already more friends there and now he said he knew five or six kids in every class from middle school and just he knew a lot and he just knew a lot of people and it was just a better experience because he's gonna get the grades wherever he goes because he's that he's a bright kid and

But what's the point of getting the grades if you're just moping all the time? Then you wind up a bitter lawyer that doesn't want to practice law. That's what you wind up. Not like me. No, that's a good point. No, but what is all that stuff worth? I think about that a lot. One of my friends, he left Las Vegas. He had a practice here. He got an in-house gig and he moved to Charleston. So he was in-house gig. And I was asking him yesterday, I said-

So tell me, like, do you like it? Don't bullshit. He's like, I would be lying to you if I didn't tell you that the changes are just completely...

present in my life the things you lose when you leave here people don't understand until they leave here well we don't have to guess you mean yeah las vegas we don't have to worry about swimming with crocodiles if we go into the lake you know whatever we don't have to mosquitoes humidity all this stuff and we're going through we're going through we're going through where did he move south charleston oh that's not croc oh is that crocodiles and chars alligators alligators there's no crocodiles i'm just throwing out monsters

but anyway he said this thing was really interesting um you know it's that ram das quote i don't know if you get into that kind of stuff but ram das is a kind of new age thinker get ready for the google check called the gurney no no ram das is very interesting like i don't know r-i-m-d-a-s yeah so ram das is like a kind of like a he's a guy from here but he's kind of an eastern thinker

And you have to destroy yourself to be reborn again, to build yourself back up. You have to get out of being comfortable sometimes to make that growth. Yeah. That looks like he's hiding on something. He looks like the bad guy from Poltergeist. Let me see the picture for you. So, yeah, very, very, very wise. Some of the wiser people I know really like what he has to say. It's not...

But yeah, interesting stuff when you talk about. Because he wasn't going to grow. He was in a comfortable thing. He's doing the thing. He was uncomfortable. But I also think the level of effort that he put forth was probably not what needed to be there because he is somewhat introverted. And I think some of that, he wasn't as a small kid. I think some of that was acquired through COVID. Sure.

Okay. And going from the big school to the 28 kids in class. John, your kid and I, in mind, share a parallel. My daughter was in private school, switched to public. So for us, I'm not talking about necessarily the kids change. I'm talking about change for us. Us are change.

Because for you, you're checking the boxes, right, as a parent. Private school, good grades, on a team. You're going through your check-in. Yeah, it was a challenge. Yeah, there was some of that. You're checking your list as a parent. What do I owe my kid? Because I know better than he does. And also, that was part of, and I'm not too proud to say this, that was part of the thought process, man. It was like, what are people going to think?

You know, what are people going to, you know, what are people going to think? And of course, you know, Hayden, dumbass, first person he talks to, I don't remember who it was. He was talking to somebody. He was like, Oh no, I was telling one of my friends. I'm like, you know, I mean, I didn't really like it. And for the amount of money they were paying, it was crazy. I'm like, why did you even say that? Cause now they tell their parents and be like, Oh, they must be, you know,

Are they doing okay? What's going on over there? But as a kid, right? He doesn't realize that. What's happening there? No. I was like, you can't. Don't talk about the money. But I'm not going to lie. As much as I try to not give a shit what people think about me and I walk the door, I don't do anything for anybody else. Still, you're like, man, is this, you know. It's a business. But the last thing you want to do, right? Like.

last weekend or weekend before i just was at a funeral for a 17 year old admitted suicide right like from their school was just really sad super sad i mean we've sometimes sometimes uh

Sometimes you got to look out for maybe not their education and their personal. Yeah, we had two judges commit suicide this last couple of weeks. Well, the one was wanted for something, was being investigated for something, correct? No, it's kind of a complicated issue. It wasn't that big of a deal, right? It wasn't. But when you take something away from somebody, she was one of the most well-liked people that we know. She was very well-liked. What she did is her daughter was working at a clothing shop that she thought was a front for prostitution.

She is a judge said, Hey, her daughter was working. The daughter was working at this clothing store and there was concerns that it was being used as like a front for human trafficking. So she is a judge said, Hey, look into this. And they said, Hey, you as a position of a judge, shouldn't be intervening and talking to the police or whatever. This is my understanding of it. If I'm wrong, forgive me, but you shouldn't be intervening. You're intervening in a vice investigation. So they were already, it was already under investigation.

So it was this sort of, so as a judge, though, you're not supposed to, it's a judicial ethics thing and whatever. And for, you know, and I don't know the details of it. I haven't read, but you know, it sounded like she kind of got thrown to the wolves a little bit, but everybody who knew her liked her. And I have a lot of, you know, close friends that were very good friends with her and she's very well respected and liked her.

And sometimes you get in our profession and it defines who you are. - You know, dude, yeah. - And once something defines who you are, like, oh, John's got kids in private school. - We talked about that, yeah. - That's not becoming, yeah. - And that's where that Ram Dass quote comes in. Where in order to grow, you have to become uncomfortable again. You have to lose all that stuff 'cause you, this conversation came up, we were talking, he's been here 20 years, went to law school here, got his degree at UNLV. You build up this network here

that john if you and i needed to get something done colt if you needed something done you'd know how to get it done here in a fraction of a second if i moved you to el paso texas you would be lost yep right so you work all that all that energy effort to build up this idea of who you are this these networks of people that know things that you need to know

and when you take that away all of a sudden it's gone right and you get uncomfortable again you don't realize what you had because you're so mired see here's here's the thing though i don't know i mean necessarily look at that as a loss though because for me and this is what i was trying to explain to my son yeah i'm like dude even though you kind of have a background with these kids and you you know a lot of them they haven't really been around you right for three years two and a half years so you can roll in there and be anybody you were because obviously

The vibe you were putting out, you know, the vibe you're putting out wasn't working for you. That wasn't working for you. So let's change that. Let's alter the vibe that you're putting out to the world because it's obvious that you're not getting it back. And here's a funny story. So we told him, he said, you're just so negative. You keep putting out this negative energy. It's just so negative. That's what the universe is serving you up.

So we made them watch this like 25 minutes at the beginning of The Secret, which say whatever you want about The Secret, but I do believe in manifesting things. I believe the universe will serve back up what you get out, right? So we made them watch this.

And then Sunday we went to, we go, we were out and about running errands. And my wife is like, I got to run by, I'm a, I got to run by Costco, which holy bad idea going there on a Sunday. It's like a, that's crazy. Bad idea going there on a Tuesday at 1115. It's like, it's like traffic in Tokyo in that joint with the carts. Right. But anyway, we go in as we're pulling up game goes, Oh man, Rome was going to be mad and I don't care. And I go, what do you mean? And get just starts laughing. It gets like, whatever being Roma here.

Like they have like the best like samples. It's like, oh, here's a brownie. Here's this. It's all the things that Roman loves. And she goes, when I bring Hayden, it's like, here's sauerkraut. Here's this shit he hates. And I said, okay. And I said, I said, okay. I said, I said, buddy, I said, what, what would your, what would your perfect sample be? What would your perfect sample? No. And he goes like some really good cheese. Cause he likes cheese. I said, okay, cool.

I want you to picture you get the cheese. I want you to imagine it blah, blah, blah. So he did. He does. I said, do you imagine? I said, yeah. How was it? It was good. I said, then be grateful. You got the cheese. He goes, okay, I'm grateful. We walk in there. I swear to God, come around the corner. First sample, just put it out. Brand new cheese. I start laughing. So I'm like, bro, in a can, there you go. Right? The cheese, there you go. You may cause you put out positive, you get positive. And so I think for us, for anything else,

The move from the private school over to where he is now had to do with getting him positive. Because I think if he's just more positive about his situation, then better things will happen to his life. And I did not see a route in his current situation where positivity was just going to start showing up. Mark Schlereth, he's a commentator on Fox Sports.

said uh luck has the distinctive smell of perspiration right that goes with all that stuff right you set yourself up for success whether you maintain a positive attitude you work if you do all those things everything's going to work out for you well you're always that bad right you're always there always but if you're focusing on that bad you're missing the good but the corollary is this you will never get anything for free

This comes up to me so frequently, and it comes back to what you were talking about. You were talking about earlier about the housing market and stocks and whatever. I haven't sold shares. I haven't sold out. I haven't traded any stuff. I just leave it alone. Everybody that wants to go in and do this. This town is full of people, and this country is full of young people. And, John, you were talking about masterminds or whatever. This is a PSA right now.

Oh, here we go. It's the PSA. Do we have any low music? No, no, no. No, this is actually an important PSA. Oh, okay. If anybody tells you that they're an expert in something and that they're going to make you money, right?

really think about it say okay the smartest minds are crammed up in Goldman Sachs they have um quantitative analysts running the numbers you think that your buddy with his uh you know trading platform is gonna is gonna be XYZ right you think that there's free money out there and that this guy and that guy that's selling you all the snake oil that's the guy that's going to get you across the finish line that's the guy who's going to earn you all this free money

Did you ever think that maybe that's a guy that's just selling you the dream, right, and taking your money to do so? This happened so much, and it was all the crypto shit. I've just been reading about a lot of the crypto stuff, and I've been reading about all these things. If anybody has a dream to sell you for free, it's 99% of the time absolutely full of shit. You know, there was something that was going on. I'm sorry. I didn't mean to go off on a tangent. Just say what they are again one more time. Say they're full of what? Full of shit.

PSA. The more you know. No, no, no. You know, we're just talking about hard work and changing it and trying to grow and stuff. Like I said, you know. It's never easy, right? It's never easy. People sit there and think, I can do this business. I can do that. Yep.

You're looking at somebody people aren't showing their losses first off on social media or at a meeting Like I just got my teeth kicked in right like things go bad. Oh, dude I see that guys I want to hear from that's guys want to talk to I agree you learn way more than from them get their ass kicked in your authentic. Yeah, I

You know, I'm gonna tell you, I'm gonna give a shout out to this cat. There's a guy named Bobby Castro who is a genius who runs, he's one of the head guys. He sounds like an honorary member of the Wu-Tang Clan. No, no, no. That's a badass name. No, no, no. He's one of the head dudes at like the 100 million mastermind. Sure. And Bobby is...

you know, a coach to many and he's an arm and he's, he's a fantastic guy. Follow him on social media. And if you go follow him on social media, I saw Bobby last weekend in Tampa. And if you go follow him, you'll notice something, which is this. Bobby just had some sort of a hair thing done. I don't know what he had done. You know, one of those things where they move some hair, they move some follicles. Now I'll be there. And I'm going to be very honest with you, right? If I had that done,

I can almost bet you $1,000 there would be a hat on my head every single day for six months until it was grown up. And he was rocking it. And he could give a rat shit. That is amazing. No, but you go on his social media right now, the videos he's making right now today could give a rat shit. Yeah, but good. It is. I agree. I agree. Dude, that's why you look at a guy like that. I look at a guy like that.

And I'm like, you truly don't. But it's more than that. It's more than that. Like I look at him and I think that's what a truly authentic mentor and coach looks like. Cause there's, man, I'll show you my scabs. I'll show you, dude, I'll show you, I'll show you, I'll show you the open wounds. I'll show you the, the good and the bad. I'll show you what I, what I have to do to get to where I want to go. And I'm not ashamed of any of it. Do you know how hard that is? So I'm doing a thing right now. No one does that. No,

Nobody. Last year, I planted. Last couple years, I've been trying to get bigger so that I could cut. So now I'm on the cut portion of it, which is the least fun part of it. Colt's still prepping for his before picture. Yeah, no, it's the least fun part of it. I've been on it very religiously since January 2nd. But every week, I have to send my coach pictures. Yeah. Side profile, right, and the front. You don't do the back? I do all three. What are you wearing so I can visualize it? Ha!

No, and so you take those pictures and you're like... You know what, Colton? I need to have, like, 70s, like, toys that just don't tap for you. No, but you take the pictures and you send them because you want to see your own progress, right? Yeah. Now, it's not like... And you're looking at it because usually when you go in the mirror, you, like, flex as a man. Right.

And now you have to be like, okay, no, take the most unflattered. Cause I want to see what it is. It's worse. Not like, yeah, when I'm standing, when I'm standing at the bar ordering that fifth strawberry daiquiri on the cruise, I want that angle. Someone took of me or whatever. Yeah. That's, that's it. You, you've been enjoying yourself too much. Cause when you're happy and you're making money and things are good, you're not, you're not suffering. Yeah. Yeah. You gotta slow it down. Right. And, uh, you know, Gordon Ryan, I have to bring up jujitsu. I haven't done it yet.

gordon ryan he's one of the best jiu-jitsu players though i think you made it how long i did not bad not bad 33 minutes one of the best 35 players arguably ever right arguably ever he put a post on january 1st he's like this he lives in this you know millions of dollars sending videos and he's very successful and whatever he goes that i'm going back to how i was when i started it's just a picture i mean he bought like an old shitty 94 civic

i'm leaving the lamborghini in the garage the tiger baby i'm buying a tiger he goes i'm gonna sleep on the floor and so i want to wake up miserable right and he's a guy that jumps in the cold pool all these bunch of psychos right just they don't enjoy their lives you know the hardest part about the cold plunge right

- Yeah. - Holding the camera, filming yourself for social media, you do it. - Oh God, yeah. That's right, the only reason to do it, right? But I kind of thought it was funny when I go, this guy's trying to get the most uncomfortable sleep he can, so he's just miserable. Meanwhile, you should be optimal with a pillow cue. - Yeah, sure. - But I like that kind of mentality where it's like, I remember suffering and I was so much angrier and better when I was suffering than I was when I was content and successful and crossed the finish line. - Yeah. Well, dude, I'm here to tell you,

I fell off, you know, I got between going out of town and doing this and being sick and some oral surgery. I mean, I kind of fell off my workout thing. I did, you know, I was doing it, but I wasn't following the diet right. And now I am, you know, I'm two days back on. So the moral of it is, is

I mean, yeah, it's still not like I reverted all the way back to where I was, but you know, but I wasn't doing what I was supposed to do. That's the hardest part of any of this stuff. But I'm two days in. It doesn't matter. It's okay. Most people can be psychotic about something if they're stuck to it. The thing is moderation, right? Like to be able to have a thing and then not just eat all the cookies in the box. Oh, dude, I got the sugar bug on me again though, man. I was eating...

that's a problem man it was sugar only one it was sugar and i saw a post it was like you know morning green drink afternoon kale smoothie you know dinner piece of chicken and some green beans 11 o'clock 24 cookies in a tub ice cream just a little shout out to our boys foodie fit that we're here with andrew yeah i got them they're making all my meals for this stuff so craig goliath's diet and the cut coach they're making all of it

And I hired a separate diet coach from my personal trainer because I want there to be a separation of responsibilities. How many calories are you eating a day right now? Probably about 2,600, 2,400. That's a lot. I would blow up if I ate that many. Got to put a lot of gas in the big rig, my friend. No, you know, actually probably closer to two now. That's a lot of fuel. How many calories a day do you eat, Colt?

2000 probably at best 18 to two you gotta i don't eat breakfast so i remember though to cut like as a proper cut you can't go into deficit right yeah because you'll start throwing out of yeah and so he was he looked at my diet and said i didn't need enough so i've actually increased the amount of food i'm eating i eat horribly i probably like 12 pounds yeah probably down 12 pounds you're down 12 pounds yeah it's impressive wait till marty got buddy

So, but I have a trip every month. So now I'm just trying to do that thing where I'm disciplined for the three weeks and, and full of shit one week. Yeah. When we go to New Orleans, it's going to be, it is a, it is an onslaught. That's why I'm good right now. You know what? Here's the good, here's the good. You know, what's killing me right now is hockey.

oh god go grab a couple of guys you go you have a couple pops you go to the vets yeah you know you sit at the bar you have the laptop you get a little tuna tartar and just just like last raiders games i wasn't drinking at all i went and didn't drink i've been to hockey games where i didn't drink i'll go have a coffee or you know diet soda or whatever and just get the liquids in yeah drink i think i think i think i lose weight i think i'm gonna we talked about it i'm gonna do the math on it i think i'm gonna upgrade the hockey tickets next year to include

the FMB at the under, at the, at the Alexa or underneath. Cause I think it pencils. I mean, dude. Oh, you might be right. It pencils now. It is expect dude. Every, I mean like red vines are like $9. It's, it's ruthless. Yeah, no, it's, um, but again, when you're trying to not, uh,

go to all these events and just have blowout calories. Yeah. And it's hard when you get to a certain age too. So I wouldn't have my blood work done. Like I'm taking all the steps. I'm forcing myself. That was the blood work. Perfect levels across the board, except what we talked about with the got a,

Can they do blood work on you, Colt? Is that something that they can do? They have to freeze them first. To extract the blood. Some sort of ice. They've got like a log stick. This green stuff comes out of you. Is that what it is? No, yeah. No, but it's one of those things too. I'm 42 years old, right? So...

you know when you talk about saying exactly what kind of makes you nervous you go hi it's hard to lose weight now it's like yeah when you're in your 40s your testosterone is going to be lower so you got to jump on it yep yes you do so i'm like damn trying to avoid it forever yep i think that'd be my ideal weight if i lived anywhere other than vegas you're not a big guy i don't know what you're talking about i'm skinny fat

I would love to lose 10 pounds. I've seen you on a boat. I never remember. I don't remember. Oh, I remember being repulsed. Really? Yeah, I was like, John threw a shirt at me. I think I'm in a hoodie. I just look at that. I love it. Remember he said he always wears a hoodie. Oh, I get skin cancer. Yeah, okay. Oh, yeah. Sure you do. Sure you do. Love handles. It's funny because just like John was sitting there talking about, you know, you're worried about what other people may say.

When you really think about it, no one's thinking about you. Nobody is. No one. Nobody is. That's the beauty of life. Once you've truly understood that nobody is thinking about you right now. Nobody is. Nobody's worried about your body. No. Nobody's worried about your appearance. Unless they're in competition with you because you're doing better than them. But it's going to be on a specific thing. And that's not somebody you need to worry about. That's what I've always said. My kids, when it's presentation day, I go, pick number one.

Because no one's thinking about it. When you're number one, everybody's sitting there worried about themselves after, right? Go number one. No one's watching. No one's paying attention. You go last. Everybody got it off their mind. They're like, all right, let's judge this guy now. But number one, I tell them, go number one. Always. Colt, that could be the best piece of advice you've ever offered. That's a power move.

And I've given up. You got the horn. Yeah. You know what else? Cool. Let's hear some more Colt advice about elementary school. How to let's make this more kid friendly. Okay. Kid friendly. Here it goes. Can we make an adult menu of kids?

kids the kids meal it's like you want dino nuggies yeah like just good doesn't like dino nuggies when he orders chicken tenders though when you're out at dinner at dinner but a man orders chicken i agree but how amazing there's times chicken tender sounds better than 100 right depends on where you are you're 100 right but you just can't

Like I can't, no, I love grape soda. I'd love to go to a restaurant and order grape soda. It's like that bill Burke's. He's like, do you want a cookie? He's like, I wanted a cookie. I tell you, but the problem, but the problem is if they have grape soda on the menu, I much, much, there's times when we go out and it's like, well, what are you drinking?

let's have sangria so good yeah you want it with four grown men sitting at a table we would have enjoyed it though did we get some look do we get some looks all the time possibly yeah but who cares a wednesday sangria that's amazing we need to start that is there a better drink on the planet than than the miami vice frozen drink is there a better drink on the planet it's pretty lovely on a hot day on a hot day there's no better drink i think that's infinitely more masculine an adult than ordering as a grown man in a restaurant yeah

ordering chicken tenders. I agree, but can we normalize that? Okay, so you think you can order a Miami Vice frozen drink is more manly than the chicken tenders? It's different. It's Major League Baseball and kiddie baseball.

John, yes. 100% of people agree with me on this one. If you're watching this, you got to comment. What is more manly? You got to let me know. What's more manly? Being in a restaurant. Not in a basket with the paper. This is like the who's going to win between nuggets. That's not what I'm talking about. Why can't we not do that, right? That's my point. I didn't say we were right. I want chicken tenders for dinner.

Throw two things of ranch and fries. All right. Who would you rather have dinner with? One six-foot colt drinking a Miami Vice or six one-foot colts eating chicken tenders? Well, that's obvious, John. The six mini colts. Of course. Imagine that conversation. Six one-foot colts. That conversation of bouncing stuff off would be amazing. Six one-foot colts? I would have six one-foot men that I could get to do my bidding. Dude.

They would slip under doors. We'd be so rich. Oh my God. It'd be great. It'd be great. If you had a superpower would be invisible, right? His ability. Yeah. I'm 100%. Of course. I just think I want to be able to, you know what I would really want? I just want to be able to slap people without the fear of retribution. Just anybody. I want to be a woman. No, no.

No. After watching Twitter, there's been a whole thing of guys. My Twitter got hacked today. Dude, can we talk about that first? What is it with the onslaught of hacking social media shit? It took me years to get my Twitter where it is because...

I follow certain people and I don't know them it's all just random follow follow follow I get called some guys like why are you tagging me in Bitcoin I'm like what and then I'm like I don't know and then another guy text me like oh you're tagging a lot of people on Bitcoin and other shit and I'm like what and I Forex trading well and then I go and it's like everything it's Bitcoin it's like it I don't even know if they're only fan it was like four different just

That guy is still probably not any worse than the guys who are doing it, say they're doing it legitimately. I sat there, but I had to deactivate my Twitter. I'm like, really? What was the point of it? Why can't you just change your password? I did, but it's... Dude, Gidget straight lost her Instagram last week. She got it back, though. Well, yeah, but it was only because I know a guy that spends $100 million a year with Meta.

That was the reason. I mean, I called him and he called his rep and we gave him the handle and they immediately kind of shut it down from the top end, held it up, and then we got it reset. I sent you their counsel too. Yeah, yeah. Do you think just changing my password is good? No, you can't. I don't. He's in his account. Right, but you've got to use two-step. If you can still get in your account and they're in there, then yes. Then you need to set up two-step authorization. Authentication. Authentication.

you know that pisses me off because i get a lot like there's a if you can log back in that's not um she was locked out i wasn't able to log in it kicked me off but then i got in like a half hour later and it's with two factor with uh resetting it yeah just do that and then set a stronger password yeah so pissed off

Well, man, chicken tenders. No, that's chicken tenders on a plate in a restaurant. We've talked about some serious tough decision making today. Me and my son, you buying a house, chicken tenders or Miami vices, one six foot Colt, six, one foot Colts. Our tough decisions are out there everywhere, man. Swirling around. Swirling around. It is in guys. If you're, can I give one more piece of advice just on what I'm seeing everywhere in the news?

If you do not have a six month emergency fund that will cover all your bills, stop spending money on anything else if you'd get a paycheck. If you are somebody that receives a paycheck from somebody, you need to stop spending money on anything right now because if the wealthiest companies that are out there, i.e. Apple, Microsoft, everybody laying off,

thousands of people how much of that do you think is driven by the eight by some of the ai advance advancement somebody's just well they i don't think yet if they over hired they did a big hiring two years ago here's my problem i have issues with this this is his problem this is my only problem with it so my problem is this i'm talking about you're giving billions of dollars to charity stop laying off your people

That's a good point. I'm sorry. Like all these guys, people who made you who you are, take care of them first before you start. And I love charity. I love charity, but I'm tired of seeing people lay off 12, 15, 20,000 people and giving billions a year away. I put that towards the people that made you. Only Cole could post an argument on why you should not give to charity. I'm not saying don't give it to charity, but I'm just saying. This is going to be super unpopular, and I hope maybe we don't even play this.

What do you guys think? I feel like maybe we've talked about this. How do you feel about GoFundMe? Oh, we talked about this before. Yeah, they take way too big of a kick, and then you can just put anything up, and then it's a scam, and this and that. There's a new company. Somebody came to me. Somebody came to me.

We were at that networking event at Aria. Yep. And was it, were they talking to both of us about what it is? They have a new deal. I was talking to the-

Yeah, you're talking to your English prankster or whatever it was. It was with Ari Gold. With Ari, no, no, no. One of the people that I met through Snack Daddy has built a platform very similar to GoFundMe with the exception of they manage the distribution for the cause, which means the money is escrowed with them, they verify the cause, and they pay directly to vendors that support whatever it is. So if it's like...

Nancy and Billy's house burned down. Okay, cool. We're going to verify their house burned down. And if they want furniture, they go to the furniture store, and then we cut a check to the furniture store to replace the furniture. We're not handing them a check for $87,000. That's not what we're doing. And it kind of creates another level of accountability that eliminates that Wild West feeling that they kind of have. I thought it was a good idea. I think that's great. It seems like a lot of management. What did we talk about last show? Controls.

Yeah. Let me ask you this. Buffalo Bills guy that died and came back, right? DeMar Hamlin. They gave him like $8 million for his GoFundMe, right? It was $3.4 million in his contract that they're going to fully pay. Yeah. And then his GoFundMe is worth. So let's say he never comes back to football again. Would you guys have issues if he took that personally since he can't make it his career anymore? Yeah, because they're paying him $3.5 million. Yeah. He was paid to take that risk.

He was paid to take that risk, and they're paying his full contract, even though based on the NFLPA standards, he doesn't have to. He seems like a really good kid, though. Yeah. And that fund that he started, he was trying to give... I think that maybe he...

If he doesn't play football again, I hope he does. I would love to see him. I was watching that game and horrified. I would really like to see him come back just as a human interest story. But if he takes that money and starts kind of maybe spending some time in the offseason finding really good causes to distribute, he has that right to say where it goes. He started it. I agree. I was just wondering. I heard that argument.

argument yeah I mean yeah yeah but I I if he was making 10 bucks an hour and it happened maybe because he wasn't getting you know I think you're not being cops an hour you're not being compensated in a way that puts your put your life at risk and if we have it Jesus man it's like you talk about cops and firefighters that die the job yeah good shot and you know what it's so unfair it's funny that we just find these things like eight million dollars for a multi-millionaire who had a heart attack and it's totally fine yeah

You know, it's just we have a funny way of, like, you can't, this is where you have to stop eating animals, right? It goes down the line, pig, and then you kind of start approaching dog, and it's like, nope, that's a hard one. It's a personality. I mean, you know, for some people it's rabbits, for some people it's delicious stew. It's just funny how our arbitrary, a lot of these things we do in our lives are. Right.

i agree so chris connell supports the eating of dogs we'll just say going the other way john you're going the other way anything that's cute stop eating it i love that it was uh there's a rabbit there's a comedian that was a comedian that was talking about how terrible the american public is and he told a story he goes look here i'm gonna tell you a story it's how you know the american public is terrible

Yeah. Yeah. I know you're going to go. My father passed away like four months ago. My mother said, you know, he had a dog. My mother said, should we tell the dog? And I was like, what? You know? Yeah. She's like, yeah, because my dad's dog of like 12 years. And so German shepherd. So my mom went home and bent over to the dog and said, you know,

Pop Pop's gone to heaven. He's not coming home anymore. So we just wanted you to know. And he goes, that night, the dog crawled up in my dad's chair and died. And as soon as he said it, the whole audience goes, oh. And he goes, yep. See, not one of you fuckers is sorry about my father. You cared about my dad dying? You have a chum maniac? None of you guys cared about my dad dying at all. You cared about the dog and that's it. Would you rather see...

A pedophile gets shot. Oh, God, we had such a good end point at the end of that story. Or a deer gets shot. What do you mean? Which one would you rather see? Literally nobody...

Would rather see the deer get shot. I think people can't stomach seeing a person get shot. I think this is where he starts. What are you doing? He's starting to lobby. He's starting to lobby for his human hunting club is what this is. A lot of people can't take a human being shot. We've already told you there's measures against you being able to just go wantonly murder people. I know they've done horrible things, but it's not going to happen. Stop making fetch work. Poor deer. You can't do it.

Oh boy. Deer hunters are typically highly religious people too and they're very pro-death penalties. So even that constituency would be like, man, I'd rather see the guy get shot. Yeah. There's nobody, Cole. You're not going to get to hunt humans. What about a guy that just threatened lawsuits? How about this one? I had a guy just all last week threaten lawsuits. Would you rather him get shot than a deer? No, I don't want to.

Just because he was threatening a lawsuit. Yeah, what a douche. He probably got friends and family and kids. Yeah, that deer does too. And he's not threatening lawsuits. He's just over there eating grass. Just nibbling. Nibbling. Being a cute little nibbler. Just nibbling. Nibbling, being cute.

eating that grass not threatening you with that that's how you know that the show is coming to a close for this week you know I know Colt I've known him for years that caught me off guard that's where do you all yeah save it before we have a guest Colt which I think we will have guests next week I think we got guests coming into the studio next week which are awesome dudes and hopefully that will work that out so

Connell, besides the world's most dangerous game, where would they find you if they want to find you? In the hills. In the hills of the remote island in the Philippines. Epstein's Island starting in the human hunt. Where do you buy the whole thing? With an elephant gun. I'd be afraid to shoot an elephant gun. That thing kicks hard, man. That's a recoil. Where do they find you, Colt?

You're in Henderson right now. Colt underscore Amity on Instagram. Calso, how do they find you? Connellaw LV or 702 Connell 266-6355. I thought you were going to say 702 Roofing. I was like, thanks, buddy. 702 Roofing. Well, thanks for listening, everybody. Sorry about Colt going all pod. Well, no, I'm not because that's what makes the show great. Remember, if you're going to move, you might as well move forward. See you next time, everybody. We'll be right back.

Hey, it's John Gafford. If you want to catch up more and see what we're doing, you can always go to thejohngafford.com where we'll share any links that we've things we talked about on the show, as well as links to the YouTube where you can watch us live. And if you want to catch up with me on Instagram, you can always follow me at thejohngafford. I'm here. Give me a shout.