but what else can we talk about a big
thing okay striving for more than you're
comfortable with I think this is
something that our viewers can gain
value from our perspective because
Tanner being younger more risk what's
the right word risk-averse or no not
risk-averse but I'm more risk-averse
Tanner's more risk willing he's willing
to take more risk and I think that has
being around Tanner has helped me in my
own in my business and my personal life
that's really helped me you know really
strive for more that I'm not comfortable
with and one of those things is buying a
new car okay and because Tanner can you
give your perspective on why I don't
know like why you weren't nervous to get
the Huracan I mean I always wanted yeah
the way I look at it so okay we're good
cars this way you buy it used even if
it's a million-dollar car they don't
appreciate 30,000 over owning it for two
years and you can sell it you paid your
car and that's what you lose you don't
lose three hundred thousand bucks out of
the way obviously it's opportunity cost
associated with it but that's kind of
how I look at it you can get the right
car at the right price three fine
Lamborghini how much has grown my
channel and when my channel grows I make
more money off of the subscribers from
multiple straight so they come is it
going to pay for more than that car for
how much it cost me to home so let's say
I bought it for two hundred twenty
answer taxes and let's dance off for one
night so fine keep it for two years I'm
paying about twelve hundred dollars a
month to own that car that I don't get
back yeah so can I take that much can I
make thirty thousand off of the videos I
can make to new people it'll bring me on
my YouTube channels as your core sales
and whatnot said frankly definitely for
two years
how much is already growing my channel
whatnot is already pasted ourselves not
to mention wanting to drive it being a
dream car how much joy it brings me yep
even if it made me $0 less
watch what when you have a personal
brand how much it makes you that's why I
think with yours especially with the
cars you're looking at come out there
and he'd appreciate it how much you lose
I mean I can't imagine you losing more
than twenty twenty-five thousand loading
that car for two years with how much it
brings you to so I think it will pay for
close up it is scary when you have a big
purchase and you've never made one but
most people when they're scared look at
it oh I'm buying a $200,000 car you know
just lose $2,000 yeah whatever your
interest rate is to whatnot but it's
people look at in the wrong way yeah and
I think it's people like you said people
look at it the wrong way because number
one it's an investment in your happiness
right like you you enjoy cars you enjoy
getting behind the wheel and being able
to drive an exotic car at the age of 21
not many people can say they've done
that right because even if you get rid
of the car in five years or you know you
look back when you're thirty or forty
you're like hey I drove a Lamborghini in
my 20s it was fun I did it I have other
interests now you know I'm putting my
kids in college I enjoy just you know
traveling with my family stuff like that
so I think overall investment in the
happiness investment in you know also
marketing marketing material right it's
good quick mate and usually the worst
case scenario is okay let's say you're
buying a $200,000 car you put 50,000
down kind of normal let's say you go
bankrupt you start making $0 you can't
make your payments you sell the car for
maybe 10 K less than you bought it
pretty quick and get rid of it you left
your taxes plus the 10 going you lost
25,000 it's not like you're upside down
in the car ever if you put any small
down payment that's kind of your worst
cases okay just lost my 5,000 but you're
getting your down payment so yeah that's
a divorce case obviously you shouldn't
buy the car if you think that's going to
be the case it's that close yeah well
you have money in the bank you have
money you can spend and you know it's
going to give you a return that there's
no recognize exactly especially when the
the monthly payment is only like two
percent of your monthly income
down so yeah take a loan out for like
80,000 on the car yeah which if I want
to buy cash right now and not have a
family where I feel comfortable having
Lamborghini and went off with them again
maintenance which isn't a lot and
insurance yeah you don't take those into
consideration - how much was my
insurance because of this what are the
repairs yeah what happens when I want to
mod it yeah but I bet I bet there's
people out there that think oh you know
he he paid cash or that's that's more
than you know what he's making in a
month stuff like that obviously we look
at the overall picture like okay how
much do we make on a monthly basis
what's the percentage like why don't you
have like a million dollar house in your
filter like I've made money good money
for like six months yeah it takes time
$1,000 for to here it has more money
than me that me making a million dollars
a month for four months yeah I this yeah
it takes a lot of time to build the
wahlburger three million dollar manchas
if you make that much a month boertie
yeah set aside didn't you see my youtube
channel start in January
haha so um yeah it's a good topic to
talk about because I think there's a lot
of young and entrepreneurs young people
that you know maybe strive to drive cars
like these and they don't know how much
they cost they don't know they don't
know the downsides the pros and the cons
so I think it's good to talk about it
it's good to kind of just I guess talk
about the risk of it and talk about the
reward of it because there's both sides
of the equation and and I think the
thing that comes down to it is do you
enjoy cars because not everyone does not
everyone cares about Lamborghinis and
wants to buy Lamborghini I know right
it's a surprise sadder but if you do
enjoy it you know you have to increase
your income you have to have multiple
streams and I look at it like this set
up a business that will pay for your car
right our affiliate market our affiliate
marketing business pays for our car and
our mortgage you know what I mean like I
don't have general covers
my heart boom and that's one of your
businesses how many businesses do you
have you have your answer
Thanks right so if you have if you have
eight different streams of income paying
you two to five grand or more then
you're fine moving go covers online it's
actually a job exactly and if you look
at it like that instead of looking at it
like oh how much do I make can I afford
this car look at it like what business
do I have to setup to pay for the car
and do it that way because when you look
at it like that then then it's not a big
deal right I'm just gonna go start a new
business that's it if you're an
excellent diamond how much gas will cost
but you drink before you can afford
you can't afford yeah exactly you got to
think about it that's not something like
you shouldn't be worried about the model
you put on it yeah and should be mindful
of ation worry about how much gas is the
one on it's not what it's for there to
drive that's why I daily Drive - I'll
get rid of it in a year or two I don't
plan on keeping it forever if I did I
wouldn't drive it all the time but yeah
it's worth maybe paying an extra ten
thousand noting in two years and never
worrying about driving it - driving it
as much as I want and getting all the
enjoyment out of it then being scared to
drive it never really driving it putting
five thousand less miles to save maybe
five to ten grand
it's not worth it to me yeah I'm only
gonna have it here - so I'm going to
drive it when I have it and that's work
yep switch on to the next but I think my
advice on the topic would be and coming
from someone who has steadily
transformed his way of thinking and on
cars because I'm the guy who's like no I
don't want it I don't want to take that
risk I don't know it's too much but
coming from someone who has is
transforming his way of thinking on the
topic because I do love cars have always
loved cars since I was younger my
thinking is set up a business that will
pay for the car
that's it set up another business that
will pay for the car and then you will
never have to worry about it again it's
that business shuts down then start a
new business right it's like that's all
about it an entrepreneurship game just
starting new businesses and
that's what I want my investments to
look like - resin real estate okay this
investor pays for this this expenses
done until all my expenses are covered
and then it's just extra income yeah so
that what would be your overall like
summary wrap-up of someone who's - one
on the fire are right now because we've
made this video yeah if you have a
youtube channel with ten subscribers
your channel won't just blow up because
you body card what uh I think basically
is be open-minded like you were on how
you think like it's weird as backwards
from what my parents taught me and they
still can't wrap their head around
renting over buying again it's hard for
me but I've been trying to wrap my head
around its bills because obviously it
can make sense if you can get that
return it shows fundamental if it's
possible to find obviously there's a lot
of millionaires big big guys are doing
it there's probably a reason yes sake
reason why how they sell their
businesses how they detect is how they
invest autumn um rent and have a bunch
of investments that they buy there's
probably a reason behind it so again
figure out what they're doing coffee is
figure out why yeah I'm not a little
advice but be open-minded taught a lot
of wrong things you normally now they're
not necessarily wrong wrong like if you
don't have the money to make an
investment in real estate and I'll get
you out of my house but if you don't
have the money if it's not your forte
like you don't know how to do it then
you should buy a house you shouldn't be
renting if you don't find on investing
ever yes but if you don't find the
buzzing real safe buy your house yeah
yeah just know your market and I mean
study up a little bit on Finance look at
interest rates and how that affects
people who don't do it either yeah money
yeah I think I think you have to look at
the numbers and the interest rates and
what kind of interest rate can you
leverage the bank what kind of rates can
you get on your investment like all that
kind of stuff because that's what
applies to if renting is better than
buying or buying is better than renting
what kind of return can I get in the
market that I'm in and how much does it
cost to borrow this money
and if the investment is return is
larger than the cost of borrowing the
money then
borrow the money that's it that's it so
I guess it would wrap this one up but
this is a great podcast talking about
goals talking a little bit about
striving for more than you're
comfortable with and I look forward to
the next one Tanner all right
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